Charity Registration No. 1172494 Company Registration No. CE009878
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-14 |
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | ||
|---|---|---|
| The first charity trustees are: | ||
| Dr Hashim Mohammed Ali Mahdi | ||
| Dr Mohammad Bin Abdulkarim Al-Issa | ||
| Dr Abdurrahman B Abdullah Al Zaid | ||
| Mr Saud Bin Nasser Al-Hamdan | Resigned on 5 October 2022 | |
| Dr Mohammad Siddique Nojoum | ||
| Sir Iqbal Sacranie OBE | Appointed on 1 December 2022 | |
| Chief Executive Officer | Mr Muath Alamri | Appointed on 1 May 2023 |
| Dr Ahmad Makhdoom | Resigned on 1 January 2023 | |
| Charity Registration Number | 1172494 | |
| Company Registration Number | CE 009878 | |
| Registered Office | 46 Goodge Street | |
| London | ||
| W1T 4LU | ||
| Bankers | Al Rayan Bank | |
| Edgbaston House | ||
| 3 Duchess Place | ||
| Birmingham | ||
| B18 8NH | ||
| Independent Examiner | M. Said & Co. | |
| Chartered Certified Accountants | ||
| 137 Blackstock Road | ||
| London | ||
| N4 2JW | ||
| Legal Adviser | M H A Thomson Barrister | |
| Wynne Chambers | ||
| 5 Kimberley Road | ||
| London | ||
| NW6 7SG |
1
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together with the independently examined Financial Statements of THE MUSLIM WORLD LEAGUE LONDON OFFICE TRUST registered charity number 1172494 (The Charity) for the year ended 31st December 2022. The trustees confirm that the Financial Statements are prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, applicable law and the requirement of the Financial Reporting Standard (FRS 102 SORP) , "Accounting and Reporting by Charities " (effective January 2016) and in accordance with the Charities Act 2011.
The charity constitutes a public benefit body as defined by FRS102.
COMMENCEMENT AND ACQUISITION OF ASSETS
The Charity commenced its activities as a charitable incorporated organisation (CIO) on 1st August 2018; acquired assets and liabilities from The Muslim World League London Office Trust, charitable trust , (registered Charity no. 290098),with the transfer of the Charity's properties freehold titles being completed on 31st July 2018. by way of deed of transfer dated 25th December 2017, as varied by a Deed of Variation dated the 16 April 2018 on 31st July 2018.
The transfer of all assets and liabilities from the charitable trust to the charitable incorporated organisation was made in accordance with a Trust Deed of the charitable trust dated the 6th of August 1984 (As amended by supplementary deeds executed on the 4th December 2005, the 9th of June 2008 and the 14th of August 2011) and a trustees resolution made on 22 February 2015 and in accordance with the requirements and approval of the Charity Commission. The charitable trust ( 290098) was subsequently removed from the register of charities on the 26 July 2019.
CONSTITUTION, STRUCTURE , GOVERNNACE AND MANAGEMENT
a: Governing Documents
Following consultation with the Charity Commission, the current constitution of the charity was formally adopted on the 22nd December 2016 and registered with the Charity Commission on the 7th April 2017. After the transfer of assets and liabilities outlined in the preceding paragraph had been completed, the Charity commenced its activities on 1st August 2018.
The name of the charitable incorporated organisation is : Muslim World League London Office Trust. Its company registration number is CE 009878 and its principal office is in London, England.
b. Method of Appointment or Election of Trustees
The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Constitution. Trustees are appointed by the board of Trustees which is currently comprised of five (2021 : five) members.
Following an amendment made to the constitution on 25th May 2020 the number of trustees who are appointed by reference to the post they hold have been reduced from four to three trustees by removing the requirement to have the Director-General of The Regent Park Mosque to become a trustee. The trustees who will be appointed by reference to their posts are:
i: The Secretary - General of the Muslim World League of Makkah (Who will always be the Chairman). ii: The Assistant Secretary - General of the World Council of Mosques in Makkah. This requirement was amended by trustees resolution dated 5 October 2022 to "whomever hold the position of the Deputy Secretary- General of the Muslim World League in Makkah".
iii: The Head of Islamic Affairs at the Royal Embassy of the Kingdom of Saudi Arabia in London. This requirement was replaced by Trustees resolution on 5 October 2022 to " a member from among the qualified residents of England and Wales".
The amendments to the constitution in clause ii and iii above proposed by the trustees meeting on 5 October 2022 were filed with and approved by the Charity Commission on 16th March 2023.
The maximum number of trustees is seven and the minimum is three.
When selecting an individual for appointment as a charity trustee, the charity trustees consider their skills, knowledge and experience which are needed for the effective administration of the Charity. During the year Sir Iqbal Sacranie OBE was invited to become a member of the board of trustees and was appointed on 1st December 2022.
c. Policies adopted for the induction and training of Trustees
On appointment, Trustees are given a copy of the Charity's Constitution to read and fully understand so as to ensure that they act in the furtherance of the charity's objectives. They are also given various booklets and access to online guidance issued by the Charity Commission to ensure that they understand the regulations governing the Charity.
The Trustees are supported throughout the year by a Barrister and a Chartered Certified Accountant to ensure compliance with the rules.
2
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022
OBJECTIVES AND ACTIVITIES
a. Policies and Objectives
The Objects of the Charity are applicable throughout the world and more particularly in the city of London and in the British Isles.
The Charity's main objectives are the advancement of education for the public benefit concerning the teachings and religion of Islam, the relief of poverty, sickness and suffering of any persons who are in need irrespective of their nationality, race, ethnic origin and religious beliefs; the advancement of religious and racial harmony for the benefit of the public, and to further such other purposes which are charitable under the laws of England and Wales as the trustees may think fit.
b. Strategies for achieving objectives
The Charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit both to those who worship at its Mosque and the wider community.
c. Activities for achieving objectives
The main activities of the Charity during this period have been:
Religious
The Charity's activities returned to normal following the lifting of lockdown restrictions in October 2021. Daily and Friday prayers were conducted as normal during the year.
The Charity provided financial assistance to UK based organisations with similar objectives as well as needy individuals. All applications for assistance are considered on a two-weekly basis, or earlier in case of emergency cases. All applications are vetted carefully and approved in accordance with the charity's donation policy.
Cultural
Eid celebrations and social events which were suspended during the lock down, returned to normality in 2022.
FINANCIAL REVIEW
a: Going Concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. The Charity aims to maintain a level of reserves, excluding fixed assets, at a sufficient level to enable it to continue its work without any interruption, in case funds from Muslim World League in Makkah are delayed.
b: Factors relevant to achieving Objectives
Over the past thirty five years, the Charity (firstly as a charitable trust and now as a charitable incorporated organisation) has established a reputation for trust, integrity and inclusivity. This is borne out by the high number of the local community members who attend prayers and engage with the Charity's activities , which has been made possible thanks to the longstanding support from The Muslim World League in Makkah which continues to monitor and evaluate the Charity's performance and continue to extend their support.
c: Reserves Policy:
The charity is an autonomous branch of, and receives most of its funding from, the Muslim World League in Makkah. It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent at least to two months requirements, which will ensure that in the event of a significant drop in funding, the trustees will be able to continue the charity's activities while consideration is given to ways in which additional funds may be raised. The Muslim World League in Makkah is committed to ensuring that Muslim World League London Office trust is adequately funded. As at the 31 December 2022 the Charity unrestricted reserves stood at £477,596 (2021:£679,482 ) and the restricted reserves at £ 520,365 ( 2021: £564,846).
3
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022
d: Principal funding
The principal and major donor is Muslim World League in Makkah (MWLM), Saudi Arabia. It (The Charity ) aims to be self-funding by relying on income it generates .
It succeeded in obtaining planning permission to build a commercial unit as well as two residential units which will be rented or leased to generate income to further reduce its reliance on MWLM. The year 2022 showed a marked decline in remittances from Muslim World League in Makkah.
It is expected that firms of architects will be invited to submit tenders in early 2023 and the actual building work to commence at the end of 2023. Originally, invitations to submit tenders and the building work were planned to ???? commence in early 2022 and late 2022 respectively but these were delayed due to the lock down.
During the year the charity received no "Job Retention Scheme Grants " (2021: £130,562) from the government .The receipt of these grants stopped in September 2021.
Rental income from the shop was disrupted during the years 2020 and 2021 due to the lockdown. As there was little certainty of receiving outstanding rents, no credit was taken into account for the years 2020 and 2021 following the Prudence concept.
During the year all outstanding rents which were not taken into account in the years 2020 and 2021 , were received in and were included in the accounts. This explains the higher rent receivable this year than in previous years.
e: Risk Management:
The trustees have assessed the major risks to which the charity is exposed and have drawn up a risk matrix which identifies the major risks by area of activity, the nature of the risks, the likelihood of the risk happening and the measures taken to manage them. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. The charity has decided to limit speakers at congregations primarily to employees of the charity only. In the event that a speaker from outside the organisation is invited, he or she will be fully vetted prior to the invitation.
INDEPENDENT EXAMINER
M. Said & Co., Chartered Certified Accountants were appointed as Independent Examiners to the charity for the year ended 31 December 2022 and in accordance with the Charities Act 2011, a resolution proposing that they be re-appointed for the year ended 31st December 2023 will be put to the Board of Trustees.
4
MUSLIM WORLD LEAauE LONDON OFFICE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER >722 TRUSTEES. RESPONSIBILMES STAfEMEMT Ao>yffilThJ PToclceJ. The 4yJlc)le ) chwlOe In & W•le• f•Wresthe Tr•$ 1•tan fcy etrtth flnandal year WCh Ove a true and fdr •tst¢ ¢thalty IncryNng rre•8 th1 4yMealrA) drewArce8 Lrfthe the pth(l In th• Fln¥Il S1aterrthts. the trustee9 we rwL4red th• m7th¢yJ• •KI WI1n th¢ ClwM¢¥ SORP. th• db¥lty'i tr8n•ackn8 dadc¢•thlth rea at Y ne the p(thi cl th• th•Mty and L•nab Il•m t+ ellt thai the fin•ndal slatttn CaTW tAIth the Ch•iies A¢t 2mi. th• Chwlty {Actxmts t1 Rwb) Rewl4kn8 2fth •md Iru81 deed TW are d•0 fe8pffj4blefr f•¥WlVj 1h• $8 ofthe and haKef(¥ n9 rea8LWt4e th• •nlon detérfon cl fraud 8lgTr•d Oy: Dr H•thkn Moh•mm•d M•hdl Tru•l Dal•: Ii//b/ ZDZ3
MUSUM WORLD LEAGUE LONDON OFFICE TRU8T CHARITY NUMBER 1172494 INDEPENDEwf EXAMINERS REPORT FOR ThE YEAR ENDeD 31 DECEMBER 2022 of Musllrn Worfd Le•gu• London Offlu Tr1 Ch•rfty 11724M Company rnghtrallon CE009878. On account8 for the ended 31 Decerth 2022 set on p•ges 7 10 14. I report to tho trustws ¢)n my exaThMnthM crfthè oltro •bth• charfty for the year ended 31 December 2022. R••poMlbllltl•• and baslB of r•port As th• tharitys trust89s, you are reswjnsible for Ihè paroOn of th• accounts In the requiremgnts irf th¢ Ch•th kt 2Q11 rthe kri. urKl•r secuon 145 of the 2011 kt aThJ in wying out my examinat. I und8r section 145{51(b) of the ACL Ind•pnd•nt •xmlnorfs ¥tsteme The charivs gross income exceeded £250.CO) I wn oAifi•d 4 I have completed my examination. I confim) that no matend matters hal ¢omg lo my attention in connection the examirthon gtves catse to belle that In. any material wpect.. of the Charities Act.. or accounts did not aCcd vlth the accoundr¥J rncords.. or tho accounts did rKA ¢tyTWy with tho applilIe requirements corKeming tr form arKI corrtenl of aCcOts set out in the Charitses IN£counts and Repryts) R6gul•tion5 2008 (ts th any wuiremwrt thal the accounts give a Ifue 8rLt lalrf thich not a matter th the eXaMinan to attenlion shd be in Ilds ferrfxt in order lo enable a prow ur#Yers &grd. 13Èk ois Name.. Matmnud Said FC Fellow Chartered Certified Accountant
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Activities in furtherance of the charity's | objectives: | ||||
| Voluntary Income | 2 | 56,040 | 42,615 | 98,655 | 418,951 |
| Government Grants | 2 | 0 | 0 | 130,562 | |
| Investment income | 3 | 235,049 | - | 235,049 | 150,333 |
| TOTAL INCOMING RESOURCES | 291,089 | 42,615 | 333,704 | 699,846 | |
| RESOURCES EXPENDED | |||||
| Charitable activities | 4 & 5 | 455,354 | 87,096 | 542,450 | 453,138 |
| Others | 6 | 37,621 | - | 37,621 | 40,462 |
| TOTAL RESOURCES EXPENDED | 492,975 | 87,096 | 580,071 | 493,600 | |
| NET MOVEMENT IN FUNDS | (201,886) | (44,481) | (246,367) | 206,246 | |
| Reconciliation of funds | |||||
| TOTAL FUNDS AT 01.01.2022 | 13 | 679,482 | 564,846 | 1,244,328 | 1,038,082 |
| - | - | ||||
| TOTAL FUNDS AT 31.12.2022 | 13 | 477,596 | 520,365 | 997,961 | 1,244,328 |
The notes on Pages 9 to 14 form part of these financial statements.
7
MUSLIM WORLD LEAGUE LOPIDON OFFICÉ TRUST BALANCE SHEET AS Af 31 DECEMBER 2022 Unr••lrfctsd R••lrf¢ Fund• Totsl Fund• T•tsl Fund• 31.112022 31.112022 31.1Z2022 31.1Z2ty11 RXEO ASSErs Tan&lble Flxed A88•ts 5x1.625 553.926 0,866 $20 62S SS3 $70 • CURRENT ASSETS Debtor8 Cash at Bank •nd In H•nd 10 11 2,130 391. 1130 75.CXX) 64177 46gPg0 71X.415 CREOITQR$'. •ThvJunty falliw due thln one yr 12 15.3S9 953 MET CURRENT A8SET8 10.1n 444.036 6nM62 NEr Asse ¢HARiff FUMDS u•SlL•d fvThlB 13 13 477, 477.S96 679.482 Dr Ha•hlrn Mohafflm•d All IMII Tru•l•• 1//19/2024 The note• on p•ge 9 lo 741 port dtre8e fflnan¢l•l 8t•m•ts.
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
1.1 Basis of Accounting :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 accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the relevant Financial Reporting standard applicable in the UK and Republic of Ireland FRS 102 issued on 16 July 2014 and with the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
1.2 Funds structure
General funds are unrestricted funds which are available for use at the discretion of trustees in furtherance of the general objectives of the charity and which have not been and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the statement of financial activities( SoFA) when the charity has entitlement to the funds, certainty of receipt and when the amount can be measured with sufficient reliability. There has been no offsetting of assets and liabilities or income and expenses unless permitted by FRS 102 SORP.
Grants and donations are only included in the SoFA when the general income recognition conditions are met.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs can not be directly attributed to particular activities they have been allocated on a basis consistent with the use of these resources.
Charitable expenditure are those costs incurred directly in support of expenditure on the object of the charity and in the delivery of activities and services for its beneficiaries.
Governance costs are those incurred in connection with the administration of the charity and in compliance with constitutional and statutory requirements, and includes its independent examination fees.
1.5 Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation has been calculated so as to write off the cost of fixed assets less their estimated residual values over their expected useful economic lives . Full year's depreciation was charged in this period as follows:
Freehold Buildings 2% straight line Alteration to Premises 2% straight line Fixtures and Fittings 15% on reducing balance Computers 33.3% on reducing balance Motor Vehicles 25% on reducing balance
1.6 Current Assets Investments
The charity's cash balances are held to meet short term cash commitments as they fall due.
9
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Restricted | 2022 | 2021 | |
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2 Income | £ | £ | £ | £ |
| Unrestricted: | ||||
| Donations from MWLM | 56,040 | 56,040 | 392,888 | |
| Other Donations | - | - | 15,460 | |
| 56,040 | 56,040 | 408,348 | ||
| Restricted: | ||||
| Sadaqa donations received | 25,515 | 25,515 | 5,752 | |
| Masjid donations received | 17,100 | 17,100 | 3,761 | |
| Zakat donations received | - | - | 85 | |
| Other donations received | - | - | 1,005 | |
| - | 42,615 | 42,615 | 10,603 | |
| 56,040 | 42,615 | 98,655 | 418,951 | |
| 2: Government Grants: | ||||
| Job Retention Scheme Grants | - | - | 130,562 | |
| 3 : Investment Income: | 2022 | 2021 | ||
| £ | £ | £ | £ | |
| Rental income | 235,000 | - | 235,000 | 150,300 |
| Return on investment | 49 | - | 49 | 33 |
| Profit on Sale of Motor Vehicle | - | - | - | 0 |
| Total investment income | 235,049 | 235,049 | 150,333 |
Total rents received this year were £310,000 of which £75,000 were accrued in the previous year leaving rent of £235,000 in this years accounts. This comprises current annual rent of £160,000 plus £150,000 relating to previous years less £75,000 accrued for in previous years accounts.
The trustees have agreed to write off the sum of £16,250 as a gesture of goodwill to the tenant who has occupied the shop for over twenty years to compensate him for the loss of trade during Covid lockdowns.
10
MUSLIM WORLD LEAGUE LONDON OFFICE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
4 DIRECT COSTS
| 4 DIRECT COSTS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Total | Total | |
| 2022 | 2021 | |||
| £ | £ | £ | £ | |
| Training and welfare | 3,511 | 3,511 | 1,597 | |
| Premises costs | 26,399 | 5,240 | 31,639 | 44,744 |
| Donations | - | 9,690 | 9,690 | 15,538 |
| Sponsorships | - | 0 | 0 | 250 |
| Insurance | 5,425 | - | 5,425 | 8,003 |
| Telephone and internet | 4,105 | - | 4,105 | 680 |
| Legal and professional fees | 30,824 | 14,900 | 45,724 | 15,320 |
| Travelling and motor expenses | 7,175 | - | 7,175 | 4,468 |
| Printing, postage, stationery and books | 5,057 | - | 5,057 | 7,326 |
| Security charges | 60,965 | - | 60,965 | 39,830 |
| Sundry expenses | 143 | - | 143 | 779 |
| Catering for Ramadan (fasting month) | ||||
| and other events | 1,908 | 8,428 | 10,336 | 0 |
| Repairs and maintenance | 17,548 | 33,155 | 50,703 | 22,512 |
| Staff salaries | 199,778 | - | 199,778 | 191,874 |
| Work place pension | 4,388 | - | 4,388 | 4,313 |
| Depreciation | 6,853 | 15,683 | 22,536 | 23,612 |
| 374,079 | 87,096 | 461,175 | 380,847 | |
| 5 Support Costs | ||||
| Training and welfare | 390 | - | 390 | 177 |
| Premises costs | 3,515 | - | 3,515 | 4,972 |
| Insurance | 603 | - | 603 | 889 |
| Telephone and internet | 456 | - | 456 | 76 |
| Legal and professional fees | 3,425 | - | 3,425 | 802 |
| Travelling and motor expenses | 797 | - | 797 | 496 |
| Printing, postage, stationery and books | 562 | - | 562 | 814 |
| Public relations- British Parliamentary Report | 0 | 0 | 0 | |
| Security charges | 6,774 | - | 6,774 | 4,426 |
| Sundry expenses | 16 | - | 16 | 87 |
| Repairs and maintenance | 5,633 | - | 5,633 | 2,500 |
| Salaries | 57,079 | - | 57,079 | 54,821 |
| Work Place Pension | 1,254 | - | 1,254 | 1,232 |
| Depreciation | 761 | - | 761 | 887 |
| Bank charges | 10 | - | 10 | 112 |
| 81,275 | 81,275 | 72,291 | ||
| Total | 455,354 | 87,096 | 542,450 | 453,138 |
11
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
6 GOVERNANCE COSTS
| 6 GOVERNANCE COSTS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Total | Total | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Accountancy fees | 6,455 | - | 6,455 | 10,976 |
| Independent Examination fee | 2,000 | - | 2,000 | 1,460 |
| Wages and salaries | 28,539 | - | 28,539 | 27,410 |
| Pension | 627 | 627 | 616 | |
| 37,621 | - | 37,621 | 40,462 | |
| 7 Net incoming/(outgoing) resources | ||||
| Net incoming/(outgoing) resources for the | year are stated after | charging: | ||
| £ | £ | £ | £ | |
| Depreciation of tangible fixed assets | 7,614 | 15,683 | 23,297 | 24,499 |
| Independent Examination fee | 2,000 | - | 2,000 | 1,460 |
| Accountancy fees | 6,455 | - | 6,455 | 10,976 |
| 8 Analysis of staff costs | ||||
| £ | £ | £ | £ | |
| Salaries | 257,154 | - | 257,154 | 253,294 |
| Social Security Costs | 28,243 | - | 28,243 | 20,812 |
| 285,397 | - | 285,397 | 274,106 |
The average number of full time equivalent employees during the year was 8 (2021: 7) with all employees' time involved in providing either support to the governance of the charity or support services to charitable activities.
No employee had emoluments in excess of £60,000 .
All employees received their salaries directly from the charity except the manager who received his salary directly from Muslim World League of Makkah (MWLM) . MWLLO have requested MWLM to pay the managers salary to it in the same way as other employees salaries are paid . No trustee received any remuneration during the year (2021:nil)
No trustee received any benefit in kind during the year (2021: nil)
No trustee received any reimbursement of expenses (2021: nil ).
12
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
9 Tangible fixed assets
| Freehold | Alteration | Fixtures & | Motor | Computers | |||
|---|---|---|---|---|---|---|---|
| Buildings | Premises | Fittings | Vehicle | Total | |||
| Restricted | Restricted | Unrestricted | Unrestricted | Unrestricted | |||
| £ | £ | £ | £ | £ | £ | ||
| Cost: | |||||||
| At 01.01.2022 | 643,424 | 138,202 | 178,495 | 34,674 | 34,409 | 1,029,204 | |
| Additions | - | 2,550 | 3,812 | - | - | 6,362 | |
| Disposal | - | - | - | - | - | - | |
| At 31.12.2022 | 643,424 | 140,752 | 182,307 | 34,674 | 34,409 | 1,035,566 | |
| Depreciation | |||||||
| At 01.01.2022 | 218,741 | 29,126 | 156,102 | 20,046 | 34,328 | 458,344 | |
| Charge for the year | 12,868 | 2,815 | 3,931 | 3,657 | 26 | 23,297 | |
| Disposal | |||||||
| At 31.12.2022 | 231,609 | 31,942 | 160,033 | 23,703 | 34,354 | 481,641 | |
| Net book value | |||||||
| At 31.12.2022 | 411,815 | 108,810 | 22,274 | 10,971 | 55 | 553,925 | |
| At 31.12.2021 | 424,683 | 109,076 | 22,393 | 14,628 | 81 | 570,860 | |
| 10 | Debtors: amount falling due within one year | Unrestricted | Restricted | ||||
| Funds | Funds | Total | Total | ||||
| 2022 | 2021 | ||||||
| £ | £ | £ | £ | ||||
| Prepayments | 2,130 | - | 2,130 | ||||
| Other debtors | - | - | 75,000 | ||||
| 2,130 | - | 2,130 | 75,000 | ||||
| £ | £ | £ | £ | ||||
| 11 | Cash and Bank Balances | 391,088 | 66,177 | 457,265 | 631,414 | ||
| 12 | Creditors: amount falling due within one year | ||||||
| £ | £ | £ | £ | ||||
| Other creditors and accruals | 10,211 | - | 10,211 | 28,066 | |||
| Taxation & social security | 5,148 | - | 5,148 | 4,887 | |||
| 15,359 | - | 15,359 | 32,953 |
13
MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
13 Statement of funds
| 13 Statement of funds | ||||
|---|---|---|---|---|
| At | At | |||
| 01.01.2022 | Income | Expenditure | 31.12.2022 | |
| £ | £ | £ | £ | |
| Unrestricted funds | 679,482 | 291,089 | (492,975) | 477,596 |
| Total unrestricted funds | 679,482 | 291,089 | (492,975) | 477,596 |
| Restricted funds | ||||
| Sadaqa funds | 16,199 | 25,515 | (9,692) | 32,022 |
| Masjid funds | 545,076 | 17,100 | (77,404) | 484,772 |
| Zakat funds | 3,571 | 0 | (0) | 3,571 |
| Total restricted funds | 564,846 | 42,615 | (87,096) | 520,365 |
a: The restricted funds consist of freehold building and associated alterations to premises as well as relevant balances at the bank.
b: The unrestricted funds are available for the day to day running of the charity.
14 Related Party Transaction and Trustees' remuneration
No remuneration directly or indirectly out of the funds of the charity was paid or is payable to any trustees or to any person or persons known to be connected with any of them.
15: Post Balance Sheet Events
The development of the premises at 3 Goodge Place London W1T 4SA was delayed due to the lockdown restrictions . It is anticipated that the Charity will invite tenders for the detailed design of the building in early 2023 and the actual building work to commence in September 2023 prior to the expiration of the current licence at the beginning of November 2023.
The Chief Executive Officer, Dr Ahmad Makhdoom, tendered his resignation during the year to take up a post overseas.
His resignation was accepted to be effective from 1 January 2023 by the board of trustees who thanked him for his excellent service during the previous fourteen years.
Following his resignation, his duties were carried out by Sir Iqbal Sacranie OBE until a suitable candidate of Mr Muath Alamri was appointed in May 2023.
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