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2021-03-31-accounts

2021 ANNUAL TRUSTEES’ REPORT & FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 MARCH 2021

The network of British Muslim Charities working for social good in the UK and abroad

Registered Charity number: 1166149

Table of

Contents

Table of
Contents
Reference and Administrative Details of the Charity 1
Chairman’s Foreword 2
Chief Executive Ofcer’s Summary 3 - 4
Trustees’ Report 5 - 14
Independent Examiner’s Report 15 - 16
Statement of Financial Activities 17
Balance Sheet 18
Notes to the Financial Statements 19 - 27

1

REFERENCE AND ADMINISTRATIVE

DETAILS OF THE CHARITY

FOR THE YEAR ENDED 31 MARCH 2021

Charity Registered number

Trustees

Dr Hany Abdul Gawad El Banna OBE Syed Lakthe Hassanain Shuaib Yusaf Tufail Hussain Khan Madiha Raza Jehangir Malik (Resigned April 2020) Hameed El Asaly (Appointed October 2020) Saffa Mir (Appointed April 2021)

1166149

Chief Executive Officer

Fadi Itani OBE

Principal Office

Accountants

6 Whitehorse Mews

Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

37 Westminster Bridge Road London SE1 7QD

Bankers

Solicitors

HSBC Bank plc 130 New Street Birmingham B2 4JU

Bates Wells 10 Queen Street Place London

EC4R 1BE

Unity Trust Bank 9 Brindley Place Birmingham B1 2HB

2

CHAIRMAN’S FOREWORD

A Message from our Chairman

Dear Friends,

During the past 12 months, we have continued to fulfil our duty in representing the interests and improving the effectiveness of the Muslim NGO sector, through the uncertainties and pressure of the Covid19 pandemic on all global communities.

MCF has continued to represent members and the Muslim charity sector on the issues that affect them and their operations as NGOs.

For example, we have worked closely with colleagues at the Voluntary Community Sector Emergency Partnership (VCSEP) by leading and supporting on mobilisation of Muslim communities and charities across the UK, as well as added our voices to the UK Aid Cuts campaign affecting international development.

This year, we partnered with UK Community Foundations and The London Community Foundation to explore ways to encourage more Muslim-led charities to apply for funding, during the height of the pandemic. We were also proud to acquire funding from Comic Relief, National Emergencies Trust, Esmee Fairbairn and Clothworkers Foundation to distribute as Intermediary Partners through The Global Majority Fund.

MCF’s membership has continued to grow and we look forward to welcoming new members into our community. The new members will benefit from their membership with MCF and will bring their own experiences that will assist in strengthening MCF, and the sector as a whole.

It is becoming so much more important to work together and discuss issues concerning the wider charitable and international development sector. MCF has provided such a platform in the past and I look forward to MCF leading the way in the future.

Yours sincerely,

Dr Hany El Banna OBE Chairman

3

CHIEF EXECUTIVE OFFICER’S SUMMARY A Message from our CEO

Dear Colleagues,

For the past 14 years, the Muslim Charities Forum (MCF) has helped British Muslim charities strengthen and develop their good work for those in need, through support, connection and representation.

In March 2020, the Covid19 global pandemic hit the UK, resulting in huge increase in need for aid and support for the UK’s most vulnerable people. Across the world, Covid19 added extra challenges and risk to already severely disadvantaged people.

Through this last year, a year unlike any other so far, MCF has worked hard to bring it British Muslim charities together, highlight their good work and ensure that they were able to access mainstream support to meet the changing needs.

During this year, we have adapted our services to respond to the emerging needs within local areas across the UK. BAME communities have been disproportionately affected by the Covid-19 pandemic, suffering higher rates of infection, poor mental health and financial insecurity. For refugee and those seeking asylum, the pandemic has also had a huge impact. Across the UK small-large grassroots organisations and NGOs responded to this need, despite declining income.

For INGOs, responding to the needs of vulnerable people across the world, Covid19 has also created extra pressure in their fight to protect some of the world’s most vulnerable people. Since March 2020, we have responded to the crisis, with the philosophy of ‘Together We Can’. The foundation for this approach was through ensuring we respond to real needs, as and when they happen.

MCF conducted a series of research, gathering information from across the UK, publishing our report ‘Unmet Needs In The Community’. This was followed by our landmark report ‘The Neighbours Next Door’ highlighting the good work of Muslim-led charities and the barriers that they face in accessing mainstream support and funding. From this work, we have connected and built relationships with a range of funders including UKCF, The London Community Foundation, Barrow Cadbury and more recently, Comic Relief.

4

During the year, we have continued to support our members across five key areas of our work: capacity building, knowledge exchange, networking and cooperation, advocacy, and research. We also facilitated important conversations within the sector, between British Muslim INGOs and domestic Muslim charities, to improve mutual understanding and cooperation, alongside mainstream bodies and as part of our remit with the Voluntary Community Sector Emergency Part nership (VCSEP). We have continued representing the views and needs of the sector in meetings and consultations with a wide range of external stakeholders, such as the BAME Steering Group to Civil Minister. We have produced resources, hosted webinars and support around safeguarding, legacies, fundraising and GDPR.

2020 – 2021 has been a year of change and transition for MCF and I am proud of the way in which we have responded to unpredictable and unusual circumstance. We have welcomed new members to the team and sadly bid farewell to others who continue on their careers. I would like to thank previous and current staff, volunteers and the MCF’s trustees for their dedication, commitment and support. I would also like to thank the numerous partners and external stakeholders who continue to work with us to improve the effectiveness of the British Muslim charitable sector and to nurture a constructive operating environment. And last, but by no means least, I would like to thank the MCF’s members for their ongoing support and trust so that we can deliver on our vision to support British Muslim charities and INGOs in working for social good at home and abroad to transform lives for the better.

Yours sincerely,

Fadi Itani OBE Chief Executive Officer

5

TRUSTEES’ REPORT Who are MCF?

Overview

The Muslim Charities Forum (MCF) is the nework for UK based Muslim international and dometic NGOs (Non-Governmental Organisations) working for social good at home and abroad.

We focus on building a more accountable, transparent and efficient British Muslim charitable sector, so that together we can have a greater impact towards a more just and sustainable world.

“

Our vision is to see British Muslim charities and INGOs making the biggest difference they can towards a more just and sustainable world. ”

Along with our member organisations, we work with a wider network of partners that includes non-member NGOs, regulatory bodies, civil society actors and the academia.

Our diverse network includes both well

“

Our mission is to support British Muslim charities and INGOs to reach their full potential and thrive. ”

established and smaller NGOs.

Collectively, our members, have work in over 70 different countries. Internationally, the MCF members serve millions of people in need who live in poor or disaster-stricken regions around the globe.

In the UK, the MCF members respond to local crises and promote social welfare and greater cohesion by working with local communities.

6

A MESSAGE OF GRATITUDE Thank you to our Members

Thank you to our Partners

7

TRUSTEES’ REPORT Areas of Work

Support

We dedicate much of our efforts to offer our members opportunities to support their good work and provide practical and strategic support across a number of different areas related to their work. We do this by offering workshops specifically tailored and designed to the needs of British Muslim charities, facilitated by the MCF, and delivered by skilled professionals who are experts in their field. We produce a range of research reports, guides and resources to facilitate the development of charities, their areas of work and their staff skills.

Connect

Through our network, we aim to get the right people talking to each other and to promote the benefits of constructive working relations and cooperation between our members and with other charities, NGOs, regulatory bodies, civil society actors, and the academia. One of our top priorities is to provide thought leadership by: i) participating in relevant knowledge exchange platforms; and ii) enabling our members to keep up to date with the latest developments relevant to their work and with opportunities to share experiences, ideas and concerns. We do this by organising and participating in a number of relevant working groups, roundtables and conferences.

Represent

We listen to the needs and challenges of our members and we provide a voice and representation for the British Muslim charitable sector at a national level on advocacy platforms that are difficult to access for individual organisations. We do this by attending meetings and consultations with a wide range of relevant stakeholders, policy makers, campaign creators, regulatory bodies and representatives.

8

TRUSTEES’ REPORT Activities this Year

Support

We dedicated most of our efforts into organising and facilitating capacity building sessions on a variety of relevant topics, such as: safeguarding, financial compliance, grant funding, awareness raising, legacies and wills fundraising. We hosted webinars on the following areas with key professionals including the Foreign, Commonwealth and Development Office, the Charity Commission and the Fundraising Regulator:

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SUDAN FLOOD BRIEFING
SAFEGUARDING POLICY
AND PRACTICE
LEGACIES AND WILLS
ACCESS TO GRANT FUNDING
LONDON
COMMUNITY
RESPONSE FUND
THE GLOBAL
MAJORITY FUND
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9

Connect

i. The Role of Faith Based Organisations in Mobilisation. As a member of the VCSEP, we coordinated a range of response activities to connect local Muslim organisations with larger charities to provide coordinated emergency response. This included vaccine awareness, surge testing training and deployment and a emergency response to distribute food and water to the Kent M20 stranded lorry drivers. In addition to regular regional meetings, we were able to conduct visits around the UK to key locations severely impacted by the Covid19 pandemic in order to deliver support and ascertain immediate needs.

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Vaccine Awareness M20 Blockage Covid - 19 Support
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ii. Access to Grant Funding as a Viable Income Stream. As part of our work with The London Community Foundation, we hosted a number of webinars and roundtables about the London Community Response Fund.

This strategic two-way learning partnership enabled Muslim-led charities to overcome the barriers preventing them from accessing crisis project and core cost funding. Through facilitation and specialised grant support, our roundtable also ensured that Muslim-led organisations could feedback their thoughts and experiences of accessingmainstream funding, resulting in better understanding on the part of funders.

11

Represent

Mirroring the MCF’s evolution, this year’s networking events incorporated both an international and a domestic dimension, through the following essential representation:

12

TRUSTEES’ REPORT

Financial Review

Muslim Charities Forum received donations, grants and other income worth £513,023 compared to £183,266 in 2019/2020. At the end of the fiscal year 2020/2021 we brought forward a positive bank balance of £374,876

The statement of Financial Activities portrays that Muslim Charities Forum spent £237,707 on charitable activities.

Reserves Policy

It is the policy of MCF that unrestricted funds which have not been designated for a specific use should be maintained at a level which will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

It is also the MCF policy to hold sufficient funds, currently three months for administrative expenditures, or currently at £30,000, for closure of the charity should the need arise.

Risk management

The trustees continue to assess the major risks to which MCF is exposed to and are satisfied that systems are in place to mitigate the exposure to major risks. Currently, the charity relies wholly on its members for funding. The trustees have discussed this and recommended a diversification of its funding model through an increase in the number of members, seeking core funding from trusts and foundations as well as exploring support from philanthropists with a keen interest in developing the Muslim charity sector.

Exclusively Charitable Activities

The members come from a wide spectrum of social and charitable backgrounds. The organisations and NGOs who benefit from the implementation of the aims of MCF are diverse. All of their activities are regarded as “exclusively charitable” as defined by English law. The Board of Trustees assists charities and organisations whose aims and activities are all entirely “exclusively charitable”. The Board of Trustees are fully aware of this requirement.

Public Benefit

As a charity, Muslim Charities Forum must be able to demonstrate that its objects and activities are for the public benefit as required by the Charities Act 2011. The Trustees have all reviewed the guidance issued by the Charity Commission on public benefit and have ensured that Muslim Charities Forum’s objects and activities comply with this statutory requirement. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

This Report explains our main activities and achievements in carrying out our aims.

13

TRUSTEES’ REPORT

Governance and internal control

The systems of internal control are designed to provide reasonable assurance against material mis statement or loss. They include:

1. A strategic plan and an annual budget approved by the Board of Trustees;

2. Regular consideration by the Board of Trustees of financial results, variance from budgets, non financial indicators and bench working reviews;

3. Delegation of authority and segregation of duties;

4. Monthly review of the financial ledgers;

5. Identification and management of risks (to the extent possible in an organisation of this size).

14

TRUSTEES’ REPORT STATEMENT OF TRUSTEES’ REPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They 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 so far as we are aware:

Examiners

Haysmacintyre LLP were appointed Examiners to the charity and a resolution proposing that they be re appointed will be put to the Board of Trustees.

Approved by the Board of Trustees and signed on their behalf:

Dr Hany Abdul Gawad El Banna OBE Shuaib Yusaf Chairman Treasurer

15

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner’s Report to the Trustees of Muslim Charities Forum (the ‘charity’)

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.

This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might . state to the charity’s Trustees those matters I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the charity’s Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

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Independent Examiner’s Statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I can confirm that no matters have come to my attention in . connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. The accounts do not accord with those records; or

3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matters in 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.

Signed: Murtaza Jessa FCA

Dated:

15 December 2021

Haysmacintyre LLP 10 Queen Street place London EC4R 1AG

17

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

INCOME FROM:
Donations and legacies
EXPENDITURE ON:
Charitable activities
Note
2
3
TOTAL EXPENDITURE
TOTAL INCOME
NET MOVEMENT IN FUNDS
TOTAL FUNDS CARRIED FORWARD
RECONCILIATION OF FUNDS:
Total funds brought forward		 Unrestricted
funds
2021
£
Total
funds
2021
£
Total
funds
2020
£
Restricted
funds
2021
£
250,523
262,500
513,023
183,266
250,523
262,500
513,023
183,266
188,011
49,696
237,707
212,883
18,8011
49,696
237,707
212,883
62,512
212804
275,316
(29,617)
84,836
26,376
111,212
140,829
147,348
239,180
386,528
111,212		 Unrestricted
funds
2021
£
Total
funds
2021
£
Total
funds
2020
£
Restricted
funds
2021
£
250,523
262,500
513,023
183,266
250,523
262,500
513,023
183,266
188,011
49,696
237,707
212,883
18,8011
49,696
237,707
212,883
62,512
212804
275,316
(29,617)
84,836
26,376
111,212
140,829
147,348
239,180
386,528
111,212
250,523
262,500
513,023
183,266
188,011
49,696
237,707
212,883
18,8011
49,696
237,707
212,883
62,512
212804
275,316
(29,617)
84,836
26,376
111,212
140,829
147,348
239,180
386,528
111,212

The notes on pages 13 to 23 form part of these financial statements.

18

BALANCE SHEET

AS AT 31 MARCH 2021

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2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible Assets 9 158 236
CURRENT ASSETS
Debtors 10 22,500 29,750
Cash at bank and in hand 374,876 94,081
397,376 123,831
CREDITORS: amounts falling due
within one year 11 (11,006) (12,855)
NET CURRENT ASSETS 386,370 110,976
NET ASSETS 386,528 111,212
CHARITY FUNDS
Restricted funds 12 239180 26,376
Unrestricted funds 12 147348 84,836
TOTAL FUNDS 386,528 111,212
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The financial statements were approved by the Trustees on and signed on their behalf, by:

Dr Hany Abdul Gawad El Banna OBE Chairman

The notes on pages 13 to 23 form part of these financial statements.

19

NOTES TO THE

FINANCIAL STATMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance 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 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

Muslim Charities Forum constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees’ Report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

20

FOR THE YEAR ENDED 31 MARCH 2021

NOTES TO THE FINANCIAL STATMENTS

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity’s educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

1.4 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

21

NOTES TO THE FINANCIAL STATMENTS FOR THE YEAR ENDED 31 MARCH 2021

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2. INCOME FROM DONATIONS AND LEGACIES

22

NOTES TO THE FINANCIAL STATMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. DIRECT COSTS – CURRENT YEAR

Direct Costs – Prior Year

23

NOTES TO THE FINANCIAL STATMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4. GOVERNANCE COSTS

5. ANALYSIS OF EXPENDITURE-BY-EXPENDITURE TYPE

Total Total
2021 2020
£ £
Charitable Activities: 234,107 208, 823
Expenditure on governance 3,600 4,060
237,707 211,883

6. NET INCOME/(EXPENDITURE)

This is stated after charging:

During the year, no Trustees received any remuneration (2020 £NIL). During the year, no Trustees received any benefits in kind (2020 £NIL).

During the year, no Trustees received any reimbursement of expenses (2020 £NIL).

24

NOTES TO THE FINANCIAL STATMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. EXAMINER’S REMUNERATION

The Independent Examiner’s remuneration amounts to an Independent Examination fee of £3,600 including VAT (2020 £3,480).

8. STAFF COSTS

The average number of persons employed by the charity during the year was 2 (2020: 2).

One employee received remuneration between £60,000 and £70,000 in the year and in 2020.

9. TANGIBLE FIXED ASSETS

10. DEBTORS

25

NOTES TO THE FINANCIAL STATMENTS

FOR THE YEAR ENDED 31 MARCH 2021

11. CREDITORS

12. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR

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- -
- -
- -
-
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Description of Restricted Funds

Barrow Cadbury Trust: is a restricted donation to map Muslim organisations in the UK, their contributions and challenges with a view to strengthen the sector as a whole.

Global Majority Fund: the funding is co-financed by Comic Relief and National Emergencies trust in relation to specific terms set out by the donor.

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NOTES TO THE FINANCIAL STATMENTS

FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF FUNDS - PRIOR YEAR

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Tangible fxed assets
Current assets
Creditors due within one year		 Unrestricted
funds
2021
£
158
250,528
(11,006)
239,680		 Restricted
funds
2021
£
Total
funds
2021
£
146,848
386,528
(11,006)
-
146,848
397,376
158
-

27

NOTES TO THE FINANCIAL STATMENTS FOR THE YEAR ENDED 31 MARCH 2021

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

14. RELATED PARTY TRANSACTIONS

The charity has received funds or made payment to other organisations where the Trustees have involvement as follows:

Zakat House Dr. Hany El Banna is a trustee and the MCF Chair. Human Appeal – Hameed El Asaly is a Director and an MCF trustee Islamic Relief UK Tufail Hussain is the UK Director and an MCF Trustee. Muslim Hands Syed Lakthe Hassanain is the Chairman and an MCF Trustee. Al Khair Foundation Mr Shuaib Yusaf is the Chief Executive and the MCF Treasurer.

Muslim Charities Forum

6 Whitehorse Mews

37 Westminster Bridge Road London SE1 7QD United Kingdom

Info@muslimcharitiesforum.org.uk www.muslimcharitiesforum.org.uk

Registered Charity Number: 1166149