## **Charity Registration No. 1172494 Company Registration No. CE009878** 

**MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST** 

## **CONTENTS** 

||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees' Report|**2 - 4**|
|Independent Examiners Report|**5-6**|
|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**|Dr Hashim Mohammed Ali Mahdi||
|---|---|---|
||Dr Mohammad Bin Abdulkarim Al-Issa|Chair|
||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 25 November 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.<br>Chartered Certified Accountants||
||137 Blackstock Road||
||London||
||N4 2JW||
|**Legal Adviser**|M H A Thomson   Barrister<br>Wynne Chambers||
||5 Kimberley Road||
||London||
||NW6 7SG||



1 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER  2023** 

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 2023. 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 (2022 : 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 25th November 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 2023** 

## **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** 

Daily and Friday prayers were conducted as normal during the year as well as Eid prayer. 

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 were held on two Eids ( celebrations after Ramadan and Hajj) during the year. 

## **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 2023 the Charity unrestricted reserves stood at £183,204  (2022:£477,596 ) and the restricted reserves at £ 536,356 ( 2022: £520,365). 

3 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST** 

**TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **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 years 2023 and 2022  showed a marked decline in remittances from Muslim World League in Makkah. 

Development work of the residential flats which was planned to start in November 2023 has now been postponed until funds become available to ensure no interruption in work. 


Rental income from the shop is £150,000 p.a. 

## **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 2023 and in accordance with the Charities Act 2011, a resolution proposing that they be re-appointed for the year ended 31st December 2024 will be put to the Board of Trustees. 

## **TRUSTEES' RESPONSIBILITIES STATEMENT** 

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 the application of resources of the charity the period. In preparing the Financial Statements, the trustees are required to: 

|a)|select suitable accounting policies and then apply them consistently;|
|---|---|
|b)|observe the methods and principles in the Charities SORP;|
|c)|make judgements and accounting estimates that are reasonable and prudent;|
|d)|prepare the financial statements on the going concern basis unless it is inappropriate|
||to presume that the charity will continue in operation.|



The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 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. 

**Signed By: Sir Iqbal Sacranie OBE Trustee Date:** 31st October 2024 

4 



MUSLIM WORLD LEAGUE LONDON OFFICE TRUST
CHARITY NUMBER 1172494
INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Roport to th? tN$tst$
of Musllm World League London Offlcg Trust Charlty number 1172494
Company reglslralion numb8r CE009878.
On accounts lor the year ended 31 December 2023 set oul on paggs 7 10 14.
I report to the tntstse8 on my oxomlnallon of the acoounts of thè above
arlty lor Ihe year ended 31 DorKmber 2023.
R￿PonSIbIlItIeS 8nd bas18 of report
As the charfvs trustees, you are responsibl& for the preparation of the
accounts in accordance wlth the requlrements of the Charities Act 2011
l.the Act'>.
I rèport In respect of my examlnatlon of tho Trusfs account8 wrled oul
undér s•cllon 145 of the 2011 Act and In carrylng out my examlnatlon. I
have followed all the applicable Dlrections given by the Charlty CcAnml8slon
under section 145(5llb) of the Act.
Indopendent examln•rf$ sLit•mont
The Charit￿s gross incom8 exceeded £250.000 and l am quafified to
urKlertake the exarnination by being a qualified member of the Association of Chartered
Certlfiod Accountants .
Matters Arfslng
During my gxamlnallon, I noted that:
1. Tho ¢h8rfty Investsd durfng the year the sum of £200,000 in Portillkjn SPV1 Limited.
( horeafter rofgrrod to as the'lnvestse companf}, a prfvate Ilmlted company In thIGh
on8 of the trustees of the Charlty was a dlreGtor. Thls investment represents
g substsnl181 commlbnont relative to the charity$ assots and r8sour¢gs.
2. The contllctad trustee was rKI Involved In the decIsi￿-makIng process regarding
the Investment In the Inves188 company and it appears that appropriate govemancg
procedures were followed to manage any potentSal confiict of Inler8St in thls matter.
However, the scale of thg Investrnent underflnes the Importance of rlgorous dug
dillggnce and govemance and It may hava b88n moro prudent If the confllcted trusteè
reslgned from the Inveslee company at an earfler dats than the date the investment was
made.
3. Shortly aftor the Investment was made. the Investee wnpany went Into
admlnlstration, ralslrmj concems over the recoverablllty of thls Investment.
However. the company was bought by BSQ Holdlngs Ltd . At the Ilme of wrlllng thi$
report, it 18 uncertaSn whether Ihe Char￿ wlll be able to rec¢)ver the full sum invested
but the I￿￿¢ee5 are hO￿fUl that the inveslment will rise in value in near future.

MUSLIM WORLD LEAGUE LONDON OFFICE TRUST
CHARrrY NUMBER 1172494
INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Base(l on my examinalion and except f¢Y the aLKM. I confim) no material
matters have come to my attention in o)nneclim *ith the exarrinallon t￿ICh glves
causg to believe that in, any material r8SPgCt
the accountlng records were Tr)t kept in acAxrdance Tmlh $8(al¢Jn 130
ofthe ch￿tIeS Act: or
the accounts did r￿1 a¢(>)rd wlth the accountkng record5:
the accounts dld rKrt comply wth the aFo4cablo requkements
conceming fomi aNI c￿lt￿nI of accounts set oul in the Charftles
(Accounts and Re[￿rts) Regulalions 2008 other than ￿Y requirement
that the accounls give a Irue and fairf view is not a matter
on¥ider¢d as part of an indeFendenl eXa￿natiOn.
th•lr due dilig6fbC• processes to ensu￿ robust assessment of fu￿re InV9sts￿n1*
Thls will b• a￿lY ImpcKtanl whére there may be any pwcebvwj ly actual
confikts of Interest Thls proactive approath V•Y)uld serve to r*otecl the charflys
assets reputatton.
conneclon wlth the gxanlnaticffl lo vkntch aliontion shoukl be dravm in Ihis reFXXt
order to enable a proper understa ding of the accounts to be reached
Signed:
Dat&:
3111012aL4•
Name: Mahmud Sokl F
Fdlow Chartered CertSfied Accountant

## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Unrestricted**<br>**Funds**<br>**2023**<br>**Notes**<br>**£**<br>**INCOMING RESOURCES**<br>Activities in furtherance of the charity's objectives:<br>Voluntary Income<br>**2**<br>187,889<br>Investment income<br>**3**<br>166,106<br>**TOTAL INCOMING RESOURCES**<br>**353,994**<br>**RESOURCES EXPENDED**<br>Charitable activities<br>**4&5**<br>607,057<br>Others<br>**6**<br>41,329<br>**TOTAL RESOURCES EXPENDED**<br>**648,386**<br>**NET MOVEMENT IN FUNDS**<br>(294,392)<br>_Reconciliation of funds_<br>**TOTAL FUNDS   AT 01.01.2023**<br>477,596<br>**TOTAL FUNDS AT 31.12.2023**<br>**14**<br>**183,204**|**Unrestricted**<br>**Funds**<br>**2023**<br>**Notes**<br>**£**<br>**INCOMING RESOURCES**<br>Activities in furtherance of the charity's objectives:<br>Voluntary Income<br>**2**<br>187,889<br>Investment income<br>**3**<br>166,106<br>**TOTAL INCOMING RESOURCES**<br>**353,994**<br>**RESOURCES EXPENDED**<br>Charitable activities<br>**4&5**<br>607,057<br>Others<br>**6**<br>41,329<br>**TOTAL RESOURCES EXPENDED**<br>**648,386**<br>**NET MOVEMENT IN FUNDS**<br>(294,392)<br>_Reconciliation of funds_<br>**TOTAL FUNDS   AT 01.01.2023**<br>477,596<br>**TOTAL FUNDS AT 31.12.2023**<br>**14**<br>**183,204**|**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>82,887<br>-<br>**82,887**<br>66,896<br>-<br>**66,896**|**Total**<br>**2023**<br>**£**<br>270,775<br>166,106<br>**436,881**<br>673,953<br>41,329<br>**715,282**<br>(278,401)<br>997,961<br>-<br>**719,560**|Total<br>**2022**<br>**£**<br>98,655<br>235,049|
|---|---|---|---|---|
|||||333,704|
|||||542,450<br>37,621|
|||||580,071|
||||||
|||15,991||(246,367)|
|||||1,244,328<br>-|
|||520,365<br>**536,356**|||
||477,596<br>**183,204**||||
|||||997,961|



The notes on Pages 9 to 14  form part of these financial statements. 

7 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023** 

|**Notes**<br>**FIXED ASSETS**<br>Tangible Fixed Assets<br>**9**<br>**CURRENT ASSETS**<br>Investment<br>**10**<br>Debtors<br>**11**<br>Cash at Bank and in Hand<br>**12**<br>**Total Current Assets**<br>**CREDITORS**: amounts falling due within<br>one year<br>**13**<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**CHARITY FUNDS**<br>Unrestricted funds<br>**14**<br>Restricted funds<br>**14**|**Unrestricted**<br>**Funds**<br>**31.12.2023**<br>**£**<br>19,646<br>**19,646**<br>200,000<br>2,680<br>32,931<br>**235,611**<br>(81,053)<br>**154,558**<br>**174,204**<br>183,204<br>-<br>**183,204**|**Restricted**<br>**Funds**<br>**31.12.2023**<br>**£**<br>528,981<br>**528,981**<br>-<br>-<br>16,375<br>**16,375**<br>-<br>**16,375**<br>**545,356**<br>-<br>536,356<br>**536,356**|**Total**<br>**Funds**<br>**31.12.2023**<br>**£**<br>548,627|**Total**<br>**Funds**<br>**31.12.2022**<br>**£**<br>553,926|
|---|---|---|---|---|
||||**548,627**|**553,926**|
||||200,000<br>2,680<br>49,306|-<br>2,130<br>457,265|
||||**251,986**<br>(81,053)|**459,395**<br>(15,360)|
||||**170,933**|**444,035**|
||||**719,560**|**997,961**|
||||183,204<br>536,356|477,596<br>520,365|
||||**719,560**|**997,961**|



The notes on Pages 9 to 14 form part of these financial statements. 

The Financial Statements were approved by the Trustees and were signed on their behalf by: 

**Sir Iqbal Sacranie OBE Trustee** 

## Date: 31st October 2024 

The notes on page 9 to 14 form part of these financial statements. 

8 



**MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR  ENDED 31 DECEMBER  2023** 

## **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** 

Investment in share capital of a private limited company and is stated at cost and trustee's  valuation whichever is lower. 

9 



**MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER  2023** 

|**2  Income**<br>**Unrestricted:**<br>Donations from MWLM<br>**Restricted:**<br>Sadaqa donations received<br>Masjid donations received<br>Zakat donations received<br>**3 :  Investment Income:**<br>Rental income<br>Return on investment<br>Profit  on Sale of Motor Vehicle<br>**Total investment income**|**Unrestricted**<br>**funds**<br>**£**<br>187,889<br>187,889<br>-<br>187,889<br>**£**<br>150,000<br>77<br>16,029<br>166,106|**Restricted**<br>**funds**<br>**£**<br>60,227<br>22,660<br>-<br>82,887<br>82,887<br>**£**<br>-<br>-<br>-|**2023**<br>**Total**<br>**£**<br>187,889<br>-<br>187,889<br>60,227<br>22,660<br>-<br>82,887<br>270,775<br>**2023**<br>**£**<br>150,000<br>77<br>16,029<br>166,106|**2022**<br>**Total**<br>**£**<br>56,040<br>-|
|---|---|---|---|---|
|||||56,040|
|||||25,515<br>17,100<br>-|
|||||42,615|
|||||98,655|
|||||**2022**<br>**£**<br>235,000<br>49<br>-|
|||||235,049|



Annual rent receivable from the shop is £150,000 p.a. 

Total rents received in 2022  were £310,000 of which £75,000 were accrued in the previous year leaving rent of £235,000 in accounts of year ended 31 December 2022 . 

10 



## **MUSLIM WORLD LEAGUE LONDON OFFICE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **4  DIRECT COSTS** 

|Training and welfare<br>Premises costs<br>Donations<br>Sponsorships<br>Insurance<br>Telephone and internet<br>Legal and professional  fees<br>Travelling and motor expenses<br>Printing, postage, stationery and books<br>Security charges<br>Sundry expenses<br>Catering and Ramadan Expenses<br>Repairs and maintenance<br>Staff salaries<br>Redundancy payment<br>Work place pension<br>Depreciation<br>**5 Support Costs**<br>Training and welfare<br>Premises costs<br>Sponsorships<br>Insurance<br>Telephone and internet<br>Legal and professional  fees<br>Travelling and motor expenses<br>Printing, postage, stationery and books<br>Security charges<br>Sundry expenses<br>Repairs and maintenance<br>Salaries<br>Work Place Pension<br>Depreciation<br>Bank charges<br>Total|**Unrestricted**<br>**Funds**<br>**£**<br>4,008<br>36,186<br>12,000<br>450<br>7,841<br>4,812<br>68,396<br>8,706<br>2,738<br>83,664<br>26<br>30,207<br>211,959<br>40,000<br>3,922<br>3,130<br>518,047<br>437<br>4,268<br>50<br>871<br>535<br>6,288<br>967<br>304<br>9,296<br>3<br>3,952<br>60,560<br>1,121<br>348<br>10|**Restricted**<br>**Funds**<br>**£**<br>-<br>2,230<br>36,968<br>1,543<br>-<br>-<br>4,500<br>-<br>-<br>-<br>-<br>-<br>5,366<br>-<br>-<br>-<br>16,173<br>66,780<br>-<br>-<br>117<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>117<br>66,896|**Total**<br>**2023**<br>**£**<br>4,008<br>38,416<br>48,968<br>1,993<br>7,841<br>4,812<br>72,896<br>8,706<br>2,738<br>83,664<br>26<br>-<br>35,573<br>211,959<br>40,000<br>3,922<br>19,304<br>584,827<br>437<br>4,268<br>167<br>871<br>535<br>6,288<br>967<br>304<br>9,296<br>3<br>3,952<br>60,560<br>1,121<br>348<br>10<br>89,127<br>673,953|**Total**<br>**2022**<br>**£**<br>3,511<br>31,639<br>9,690<br>0<br>5,425<br>4,105<br>45,724<br>7,175<br>5,057<br>60,965<br>143<br>10,336<br>50,703<br>199,778<br>4,388<br>22,536|
|---|---|---|---|---|
|||||461,175|
|||||390<br>3,515<br>603<br>456<br>3,425<br>797<br>562<br>6,774<br>16<br>5,633<br>57,079<br>1,254<br>761<br>10|
||89,010|||81,275|
||607,057|||542,450|



11 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR  ENDED 31 DECEMBER 2023** 

## **6 GOVERNANCE COSTS** 

|**6 GOVERNANCE COSTS**||||
|---|---|---|---|
|Accountancy fees<br>Independent Examination fee<br>Wages and salaries<br>Pension|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>7,990<br>-<br>2,500<br>-<br>30,279<br>-<br>560<br>41,329<br>-|**Total**<br>**2023**<br>**£**<br>7,990<br>2,500<br>30,279<br>560<br>41,329|**Total**<br>**2022**<br>**£**<br>6,455<br>2,000<br>28,539<br>627|
||||37,621|



## **7 Net incoming/(outgoing) resources** 

Net incoming/(outgoing) resources for the year are stated after charging: 

|Depreciation of tangible fixed assets<br>Independent Examination fee<br>Accountancy fees<br>**8 Analysis of staff costs**<br>Salaries<br>Social Security Costs|**£**<br>3,478<br>2,950<br>7,540<br>**£**<br>276,998<br>25,801<br>302,799|**£**<br>16,173<br>-<br>-<br>**£**<br>-<br>-<br>-|**£**<br>19,652<br>2,950<br>7,540<br>**£**<br>276,998<br>25,801<br>302,799|**£**<br>23,297<br>2,000<br>6,455|
|---|---|---|---|---|
|||||**£**<br>257,154<br>28,243|
|||||285,397|



The average number of full time equivalent employees during the year was 8 (2022: 8)  with all employees' time involved in providing either support to the governance of the charity or support services to charitable activities. 

One employee had emoluments in excess of £60,000 ( 2022:None) . 

In years 2022 and prior years the  manager received his salary from Muslim World League of Makkah (MWLM). 

In the current year , however, all employees received their salaries directly from the Charity. This  step is  taken by the Charity to reduce its dependence on Muslim World  League of Makkah. No trustee received any remuneration during the year (2022:nil) 

No trustee received any benefit in kind during the year (2022: nil) 

No trustee received any reimbursement of expenses (2022: nil ). 

12 



**MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE  YEAR ENDED 31 DECEMBER 2023** 

## **9  Tangible fixed assets** 

|**Freehold**<br>**Alteration**<br>**Fixtures &**<br>**Motor**<br>**Computers**<br>**Buildings**<br>**Premises**<br>**Fittings**<br>**Vehicle**<br>Restricted<br>Restricted<br>Unrestricted Unrestricted Unrestricted<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Cost:**<br>At 01.01.2023<br>643,424<br>140,752<br>182,307<br>34,674<br>34,409<br>Additions<br>-<br>24,530<br>795<br>-<br>-<br>Disposal<br>-<br>-<br>-<br>(34,674)<br>**-**<br>**At 31.12.2023**<br>643,424<br>165,282<br>183,102<br>0<br>34,409<br>**Depreciation**<br>At 01.01.2023<br>231,609<br>31,942<br>160,033<br>23,703<br>34,354<br>Charge for the year<br>12,868<br>3,306<br>3,460<br>0<br>18<br>Disposal<br>(23,703)<br>**At 31.12.2023**<br>244,477<br>35,248<br>163,493<br>0<br>34,372<br>**Net book value**<br>**At 31.12.2023**<br>398,947<br>130,034<br>19,609<br>0<br>37<br>**At 31.12.2022**<br>411,815<br>108,810<br>22,274<br>10,971<br>55<br>**10 Investment :**<br>**2023**<br>Investment at cost<br>200,000<br>The Charity invested £200,000 in the ordinary share capital of Portillion SPV1 Limited<br>The company went into administration during the year and was bought by BSQ Holdings Ltd.<br>**11  Debtors: amount falling due within one year**<br>**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Total**<br>**2023**<br>**£**<br>**£**<br>**£**<br>Prepayments<br>2,680<br>-<br>2,680<br>-<br>-<br>2,680<br>-<br>2,680<br>**£**<br>**£**<br>**£**<br>**12 Cash and Bank Balances**<br>32,931<br>16,375<br>49,306<br>**13  Creditors: amount falling due within one year**<br>**£**<br>**£**<br>**£**<br>Other creditors and accruals<br>71,667<br>-<br>71,667<br>Taxation & social security<br>9,386<br>-<br>9,386<br>81,053<br>-<br>81,053|**Total**<br>**£**<br>1,035,566<br>25,325<br>(34,674)|
|---|---|
||1,026,217|
||481,641<br>19,652<br>(23,703)|
||477,590|
||548,627|
||553,925|
||**2022**<br>-|
||**Total**<br>**2022**<br>**£**<br>2,130<br>-|
||2,130|
||**£**<br>457,265|
||**£**<br>10,211<br>5,148|
||15,359|



13 



## **MUSLIM WORLD LEAGUE LONDON OFFICE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER  2023** 

## **14  Statement of funds** 

|**14  Statement of funds**|||
|---|---|---|
|**Unrestricted funds**<br>**Restricted funds**<br>**Total  funds**|**At**<br>**01.01.2023**<br>**Income**<br>**Expenditure**<br>**£**<br>**£**<br>**£**<br>477,596<br>353,994<br>(648,387)<br>520,365<br>82,887<br>(66,896)<br>997,961<br>436,881<br>(581,490)|**At**<br>**31.12.2023**<br>**£**<br>183,204<br>536,356|
|||719,560|



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. 

## **15 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. 

## **16: Post Balance Sheet Events** 

Development work of the residential flats which was planned to start in November 2023 has now been postponed until funds become available to ensure no interruption in work. 

The Chief Executive Officer, Dr Ahmad Makhdoom, tendered his resignation during the year to 31 December 2022 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 who was appointed in May 2023. 

Payments totalling £40,000 was paid to an employee of the Charity as a compensation for for termination of employments  of which £10,000 was paid into the employee's pension fund. 

14