**Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** Charity Assist Accountants Ltd Certified Public Accountants and Charity Independent Examiners Unit 27 Batley Enterprise Centre 513 Bradford Road Batley West Yorkshire WF17 8LL 1 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** |**Contents**|**Page**| |---|---| |Basic information|3| |Trustees annual report|4 – 7| |Independent examiners report|8 – 9| |Income and expenditure accounts|
10 – 11| |Notes to the accounts|12 – 14| 2 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Basic information** ## **Address** Madni Welfare Foundation (MWF UK) 12 Devon Walk Dewsbury West Yorkshire WF13 2TL ## **Bank** NatWest Bank 2 Northgate Dewsbury WF13 1EA ## **Accountants** Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre Batley WF17 8LL ## **Charity Registration No.** 1163472 ## **Company No.** 09763658 3 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Trustees’ annual report (including Directors’ report) for the period** **From: 1[st] October 2021 To: 30[th] September 2022** **Charity name:** Madni Welfare Foundation (MWF UK) **Charity registration number:** 1163472 **Company number:** 09763658 ## **Objectives and activities** ||SORP reference|| |---|---|---| |Summary of the purposes
of the charity as set out in
its governing document|Para 1.17|1. To relieve sickness and to promote and
protect good health;
2. To relieve financial hardship;
3. To advance education;
4. The relief and assistance of people in any
part of the world who are the victims of war
or natural disaster, trouble, or catastrophe.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the accounts.|Para 1.17 and
1.19|The main activities of the charity have been
collecting donations in the UK.| |Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|The Directors are responsible for preparing the
Directors Annual Report and the Financial
Statements in accordance with applicable law
and regulations. Company law requires the
directors to prepare financial statements for
each financial year. Under that law the Directors
have elected to prepare the financial statements
in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law).
In preparing the financial statements, the
directors are required to:
• Select suitable accounting policies and
then apply them consistently;
• Make judgements and estimates that are
reasonable and prudent;
• Prepare the financial statements on the
goingconcern basis unless it is| |||4| ## **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company’s directors, we certify that: • So far as we are aware, there is no relevant audit information of which the company’s auditors are unaware; and • As directors of the company, we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information. ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.|Para 1.20|The charity has continued to raise funds from
the public and provided a grant to an education
facility which will help the smooth running of
said facility and the advancement of education.| |---|---|---| ## **Financial review** |**Financial review**||| |---|---|---| |Review of the charity’s
financial position at the
end of the period|Para 1.21|The charity is showing a deficit on the movement in
funds.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|It’s the charity policy to hold £5,000 in reserve to be
able to cover any emergency expense or
unexpected cost and to cover running costs when
the income is low.| |Amount of reserves held|Para 1.22|£5,000| 5 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document: for example,
trust deed, memorandum
and articles of association
etc|Para 1.25|Memorandum and articles incorporated on 4th of
September 2015| |How is the charity
constituted?
for example limited
company, unincorporated
association, CIO|Para 1.25|Madni Welfare Foundation (MWF UK) is a private
limited company by guarantee without share capital
use of 'Limited' exemption
It is registered as a standard unincorporated charity
with the Charity Commission.| |Director selection
methods including details
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled to
appoint one or more
directors|Para 1.25|The charity may by ordinary resolution appoint a
person who is willing to act to be a director.| 6 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Reference and administrative details** **Charity name** Madni Welfare Foundation (MWF UK) **Other name the charity uses Registered charity number** 1163472 **Charity’s principal address** 12 Devon Walk Dewsbury West Yorkshire WF13 2TL ## **Names of the charity trustees who manage the charity** |1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if**
**not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Mr Mohmed Afroz
Ashrafi|Chairman/Trustee||| ||Khalid Ahmed Patel|Director/Trustee||| ||Mr Faruk Ali Wadia|Director/ Trustee||| ## **– Corporate trustees names of the directors at the date the report was approved** ## Director name Faruk Ali Wadia Khalid Ahmed Patel 7 ## **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** Independent examiner's report on the accounts **Section A Independent Examiner’s Report Report to the** Madni Welfare Foundation (MWF UK) **trustees/directors/ members of On accounts for the year** 30[th] September 2022 **ended Charity no.:** 1163472 Company no.: 09763658 **Set out on pages** 10 – 11 I report to the charity trustees on my examination of the accounts of the Company for the year ended **30/09/2022** . **Responsibilities and** As the charity’s trustees of the Company (who are also the directors of the **basis of report** company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. **Independent examiner's** I have completed my examination. I confirm that no material matters have **statement** come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no other matters in 8 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 9 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** |Charity Name Madni
WelfareFoundation(MWFUK)|Charity Name Madni
WelfareFoundation(MWFUK)|CharityNo|1163472|1163472|| |---|---|---|---|---|---| |||CompanyNo|9763658||| |**Annual accounts for the period**|||||| |Period start date|**1.10.2021**|**To**|Period end
date|**30.9.2022**|| ## **Section A Statement of financial activities (including summary income and expenditure account)** |Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
Investments
Other trading activities
**_Net movement in funds_**
**Other recognised** **gains/(losses):**
**Net income/(expenditure) before tax**
**for the reporting period**
Raising funds
Separate material item of income
Other
Other
Donations and legacies
**_Total_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Charitable activities
Total funds brought forw ard
Gains and losses on revaluation of fixed assets for the
charity’s ow n use
Charitable activities
Separate material expense item
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||38,933|-|-|38,933|74,023| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||38,933|-|-|38,933|74,023| ||||||| ||15|-|-|15|54| ||32,833|-|-|32,833|59,700| ||-|-|-||-| ||-|-|-|-|-| ||32,848|-|-|32,848|59,754| ||||||| ||6,086|-|-|6,086|14,269| ||-|-|-|-|-| ||6,086|-|-|6,086|14,269| ||-|-|-|-|-| ||6,086|-|-|6,086|14,269| ||-|-|-|-|| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||6,086|-|-|6,086|14,269| ||||||| ||29,542|-|-|29,542|15,273| ||35,628|-|-|35,628|29,542| 10 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022 Section B Balance sheet** |Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due**
**within one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due**
**after one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|
**Total this**
**year**
**£**
F04|**Total last**
**year**
**£**
F05| |---|---|---|---|---|---| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||2,500|-|-|2,500|3,000| ||-|-|-|-|-| ||36,580|-|-|36,580|27,767| ||39,080|-|-|39,080|30,767| ||||||| ||3,452|-|-|3,452|1,225| ||||||| ||35,628|-|-|35,628|29,542| ||||||| ||35,628|-|**-**|35,628|29,542| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||35,628|-|-|35,628|29,542| ||||||| ||-||-|-|-| |||-|-|-|-| ||35,628|||35,628|29,542| |||||-|| ||||||| ||35,628|-|-|35,628|29,542| _**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_ _**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_ _**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_ _**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_ |Signed by one or two trustees/directors on behalf of all the
trustees/directors|Print Name|Date of
approval
dd/mm/yyyy| |---|---|---| |||| |||| ||24/07/23|| 11 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022 Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: |• and with*
• and with*|✓|the Statement of Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)| |---|---|---| ||✓|| - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ✓ ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that _**The charity shows a surplus of the movement from**_ support the conclusion that the charity is a _**consecutive years.**_ going concern; ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. |in note { }.||| |---|---|---| |Yes*
No*|✓|* -Tick as appropriate| ||✓|| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). |Yes*
No*|✓|* -Tick as appropriate| |---|---|---| ||✓|| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). Yes* ✓ No* ✓ 12 ## **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Note 3 Income** |Donations and gifts
Gift Aid
**Tota**
**Analysis of income**
**Donations**
**and**
**TOTAL INCOME**
**Expenditure on**Incurred seekingdonations
**Note 6 Expenditure**
**TOTAL EXPENDITURE**
**Total expenditure on raising funds**
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**
**Analysis of expenditure**
Accountancy fees
Governance and administration
Madni Islamic ST
Annual return
Data protection
Independent examination|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Donations and gifts|||||34,242||-||-||34,242||69,797| ||Gift|Aid||||4,691||-||-||4,691||4,226| |||**Tota**||||**l** 38,933||-||-||38,933||74,023| |||**Expenditure**
**Analysis of expenditure**||||||||||||| |||||||38,933||-||-||38,933||74,023| |||||||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowmen**
**t funds**
**Total funds**
**Prior year**
**£**
**£**||||||||| |||Incurred seekingdonations||||15||-|||-|15||54| |||**Total expenditure on raising funds**||||15||
-|||-|15||54| |||||||||||||||| |||Accountancy fees||||975||-|||-|975||825| |||Annual return||||125||||||125||150| |||Data protection||||35||||||35||35| |||Governance and administration||||828||||||828||1,142| |||Independent examination||||300||-|||-|300||250| |||Madni Islamic ST||||30,570||||||30,570||57,298| |||**Total expenditure on charitable**
**activities**||||32,833||-|||-|32,833||59,700| |||||||||||||||| |||||||32,848||-|||-|32,848||59,754| |||||||||||||||| |**Note 10 Details of certain types of expenditure**||||||||||||||| |||||||||||||||| |**Note 10.1 Fees for examination of the accounts**||||||||||||||| |**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If_**
**_nothing was paid please enter '0' in the appropriate box(es)._**||||||||||||||| ||||||||||||**Thisyear**||**Lastyear**|| ||||||||||||**£**||**£**|| |**Independent examiner’s fees**|||||||||||250||250|| |**Assurance services other than independent examination**||||||||||||||| |**Tax advisory fees**||||||||||||||| |**Other fees (for example: financial advice, consultancy, accountancy services)**
**paid to the independent examiner**||||||||||||||| 13 **Madni Welfare Foundation (MWF UK) Income and Expenditure Accounts for the year ended 30[th] September 2022** ## **Note 19 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ ## **19.1 Analysis of debtors** |**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||2,500|3,000.0| ||-|-| ||2,500|3,000.0| ## **Note 20 Creditors and accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**20.1 Analysis of creditors**||||| |---|---|---|---|---| |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for**
**contracts or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**
**within oneyear**||**Amounts falling due**
**after more than oneyear**|| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||3,452|1,225|-|-| ||-|-|-|-| ||-|-|-|-| ||3,452|1,225|-|-| ## **Note 24 Cash at bank and in hand** |**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||36,580|27,767| ||-|-| ||36,580|27,767| 14