REGISTERED CHARITY NUMBER: 1173764 'EL WM WA E.%T. I (I Ill WORCESTER MUSUM WELFARE ASSOCIATION Report of the Trustees and Financial Statements For the Yfrar Endod 31 March 2023
WORCESTER MUSLIM WELFARE ASSOCIATION INDEX TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 Contents Pages Reference and administrative details Trustees Report and responsibilities Independent Auditors Report 9-11 Statement of Finanaal ActNrties 12 Statement of FinarKial Position 13 Notes to the Financial Statements 14-21 Page.1
WORCESTER MUSLIM WELFARE ASSOCIATION REFERENCES AND ADMINISTRATIVE DETAILS for the year ended 31 March 2023 Registered Charity Number: 1173764 Registered Principal Offico: Central Mosque Tallow Hill WOrSter Wor*stershire INR5 1JU Trugtees". Haris Saleem {Chairmanl Mohammed Akbar (Vice Chair) Mohammed Iqbal {GeneTal Secretary Muhammed Amin- Education Nazaqat Hussain- Treasurer Hamaad Aknial - Trustee Afzaal Iqbal- Trustee Abdul Rauf- Maintenance Management Conwnittee: Sarfraz Baig - Religious event organiserlcatering Sajid Hussain - Maintenance Ghulam Shabkn'r- Education Zakwan Shaukal - soaal media Rizwan Sadique CH Nazaqat Hussain Sajid Riasat Audltors: Thtxnas Mcmanners Bsc ACA ACMI Chartered Accountant and Registered Slalutory Auditor 269 Famborough Road Farnborough Hants GU14 7LY Solicitors: Ahmad Thomson nne Chambers 5 Kimberly Road London 7SG Hallmark Hulrne 3-5 Sansorne Hace Worcester IM11 1UQ Bankers: SantaTKler Customer SwvI Centre Boot Merseyside L30 4GB Page12
WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2023
The trustees present their report with the financial statements of Worcester Muslim Welfare Association (WMWA) for the year ended to 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) as issued in October 2019.
AIMS AND OBJECTIVES
The Worcestershire Muslim Welfare Association (WMWA) is dedicated to imparting a positive image of Islam to the Worcestershire public. We endeavour to achieve this through a range of outreach activities such as public discourses, cultural events, and by harnessing the power of digital outreach through our mosque's bespoke app, compatible with both Android and Apple devices.
As a conscientious charitable entity focused on the community's welfare, WMWA actively collaborates with key external organizations-including the local Council, NHS, Police, and educational bodies-to convey significant and pertinent messages to our constituents.
Our goal is to nurture a favourable perception of Islam and to ensure that our activities and presence resonate positively across the community, irrespective of religious backgrounds. To this end, we are staunchly committed to delivering exemplary educational content and increasing awareness across various demographics.
We ensure that WMWA's amen�ies.are open to everyone, Muslim and non-Muslim alike, and we especially invite non-Muslims to participate in open days and educational visits to foster greater comprehension of Islam.
Moreover, we are proponents of societal welfare programs and the pursuit of environmental sustainability, objectives we seek to realize through partnerships with public institutions and private corporations.
With an outlook that transcends national boundaries, we diligently gather donations for global emergency relief work, underscoring our commitment to humanitarian aid that transcends political or ethnic divisions.
PUBLIC BENEFIT
Due regard has been given to the guidance published by the Charity Commission on public benefit
STRUCTURE, GOVERNANCE, AND MANAGEMENT
WMWA is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission. The CIO was formed on 11 July 2017 and is governed by its constitution. The board of trustees is made up of 7 members.
Trustees are appo·1nted at the Trustees Meeting throughout the year
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REPORT OF THE TRUSTEES torthe year endèd 31 March 2023 {¢ontlnu•d) RISK MANAGEMENT Trustees need to be eware of all risks factng charities. To overclyne any potenttal risks. here at WMWA, we are always proactively finding way5 of improving risk management through better 8duGation, improving and adopting n8w processes. Al nssary IrUran are n Fla. OBS (eckn are (kne for all trustees and ernployees. Regular rEk Mlagernent appraisals done forfire, data rnanagement, cash handling, b8nking, filing Syst5. To better improve our systerns kY(wses, WMWA are always Icthing to wth professional organEations, to keep ahead of any regUlats'C relating to tsjr organization. OUR STRATEGY AND GOALS Vth more than slx yw5 of opeTatirxE under th8 CIO slnJctwB. VIMWA has 8nrac8d numerous opportunities for eXpanSk and has enhenced our management prcredures and transparency. Our fch2Jsed goals forthe f¢)rthc<)mirKJ year indude: LaU1rj arKJ Fr&ing th8 In5ttal phases Of ngw mosque proje( Crafting a vlable fvndraislng strategyto fadlitate the timely frultion Oftt rnosque project wilhln the set three-year timeline. Initiat#)g revisbn of the sle plans ts Unty Hcwse to 1xnOte WMWA'S financial airtrrnmy and deVelong a business strategyforthe 0[Ma1 use of WMWA'S propertl8S. Ccrtinuing the expansion wograms and augmenting educats'on tivItIeS launcheé from Unity House, Hirlng quarfied e(kJcators and adminislrdtors for wr educational programs or ccx)templating the establishment of a specialized Managent body. Broadening our managerial and trustee QXJF4ed with ofeSSIOnal devebpment opportunities for executive trustees. IncTe8sing the scope of oxnrwnty engagement aivitses. suitat4e for all ages, and estsblishlng roles for communty volunteers. Amplty'ng our S1 media foolwlnt acrn5s various platf(Ths, induding Fabook, Twitter, Instagram. and YouTube. to brAstw wrvisitmllty and inlknnce in the community. cing our tlIne WeSen to Intr0th Intive donalTon optnS, thereby expanding donor paitryalion 8nd communty benefits. Aspiring to pcsilion WMWA as a preeminent faith-based ganIzat)n by attracting exrytkona talent to spearhaad our iniithes and generale ts nece55ary funds to support our endeavours. PrioriliJ'ng revenue generath)n ttyough nrnItted team members. tsees, and vohjnteers to ensure the success of r projeds. P8ge14
WORCESTER MUSUM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2023 {COntind VOLUNTEERS Our volunteers play a vrtal role in ¢)ur work to deli¥er our oty'ectives. We have several helper5 throughout the year or as and when needed. ACHIEVEMENT AND PERFORMANCE WMWA has significantly contllbuted to communty enrichment through: Conducting regular Congregational prayers, dtawng substantial daity atteTrJance and a particularly large congr¥ion on Fridays. Hosting monthly social events with ample provi5¥)ns for the mmUnIty. including during notable Islamic festivities. Offerin9 comprehensive funeral servKes that are sensrtive to tl5[aMIC faith, supporting bereaved families through challenging times. Providing mrimonial (Nikahl services for couples wishing to marry under Islamic tradition. Running educational programs for approximalely 140 children weekly, with extended classe5 for teenage on weekends. The Stanley Road community centre serves a5 a hub for vied local initiats"ves, including educali¢)nal semina, craft dasses, fftness wcfftshops, youth programs, and private events. Engaging in philanthropic efforts. such as partnerships with local food banks. conlributirMs tD Ramadan collections. and supwJrting Wl homeless initsatives alongside the Salvation Amiy. Orsanizing yearryround Islamic educab.onal lectures for a diverse audien and CDnducting inlerfailh events to foster communal harniony. Dèveloping partnership programs Ihal feature regular sessions from extemal advisors addressing topics pertinent to Ihe communitls needs. Page15
WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2023 {continued INVESTMENTS All our assets have now been transferred to the new charity from the old sister charity GRANTS In the last financial year. WMWA was actively Involved in m74or intemational proieets aimed al providing assistance lo victims of natural disasters. One of Ise projects was focused on the devaslaling floods that occurred In Pakislan. affecting over 33 million people. WMWA successlully raised over £25,000 through a donats'on appeal dnve, ¥th £20.000 being sent lo Action for Human for flood relief work The remaining £5,000 will be used for ongoing relief efforts. The organization also sent vital emergency aid. including food supplies, lemporary shelter, bedding, and hygiene items. lo the m05t affected areas in collaboration with partner agencies on the ground. The second project was launched In response to the earthquakes that struck Turkey and Syria, Gausing significant deslruclion lo buiklings and infrastructure. To support the affected families in these regions, WMWA donated £5.459.07 to the Turkish Disaster via the Turkish Embassy, The funds were urgently r)eeded to provKle medical aid. emergency shelter, food, aTr3 clean water to those 8ffeGted by the earthquakes. WMWA'S commitrnenl to assi$bng those In need goes beyond financial support The organization works ¢losely wlh partner ag&rKies arKJ organizaiions to ensure that their efforts have a positive impact and bring hope to vulnerable communrties. Their involvement Includes providing resour¢e5 6uch as food. clèan water. medical assistance, shelter, sanitation, hygiene, and psychosocial Support. FINANCIAL REVIEW The Trustees report a surplus for the year of £526.987 12022 £401.124), being credrted lo unrestricted funds. as detai on page 11. RESERVE FUNDS The Trustees have a reserwes W'cy for the CIO of hokling enough funds to meet Ihree lo four months, operating costs. Restrictsd Funds Our current restricted funds are for the new Mosque of Lighi project, wnstruclion has Started, continuation of further appeals will continue until the project is completed. Unrestrictèd fundg Our unrestricted funds a used as they frt within our CIO for day lo day running of our obligations to our community members. These comprise ol education fees, Friday collections, memberships, and general donations from the community throughout the year wthoul any appeals. Page16
WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the yoar ended 31 March 2023 {continuod) TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Annual Report and Ihe financial statements under applicable law and United Kingdom Accounting Standards Iunrted Kingdom Generally Accepted Accounting Practice). The law applicable to charrtj.es in EnglarKI & Wales requires the trustees to ppare financial statemenls for each fIaral year which give a true and fair view of the State of affaws of the CIO and of the incoming resources and applicalion of resources of the CIO for that period. In preparing these financial statements. the trustees are required to." select suitable accounting policies and then apply them consistently. Obse the methods and principles in the CharItS SORP 2015 IFRS 102}. make judgments and estimates that are reasonable and prudent. state whether appli¢atAe accounting standards have been followed, subject lo any material departutes disdased and explained In the finanoal statements. prepare the finanrAal statements on the going cOnM basis unless it is inappropriate to presume that the Charty will conts.nue in orerab"on. The truslees are responsible for keeping propeT 8CtountirKJ records that disclose wilh Teasonable accuracy at any lime the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounls and Reports) Regulations 200e, and the wovisions of the constitution. They are also sponsible for safeguarding the asset$ of the CIO and hen for laking reasonab sleps foi the prevention and detection of fraud and other irregulaiities. The Trusteés are satiSfd that they have Cofflpld with the above responsiL¥lities. STATEMENT OF DISCLOSURE OF STATUTORY INFORMATION TO AUDITORS We, the Truslees of the CIO who held office at the date DI approval of these financial statements each confirms, so far as we are awa, that.. there is no Felevant audit infom)ation of which the CIO'S auditors are unaware.. and we have taken all tre steps that we ought to have taken as trustees to make ourselves aware of any relevant audit information and to establish that the CIO'S audrtors are aware of that information. AUDITORS Due to retirement David Wells is resigning as audrtoi al the annual general meetir,y. New auditors will be apF¢inted in due course. Approved by the Board ot Trustees and signed on its behaff by.. IQBAL SECRETARY Date '. Pagc17
WORCESTER MUSLIM WELFARE ASSOCIATION INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2023 Independent examiners statement I have Gompleted my examinat1. I c£Jnfimi that no material rnatter5 have corne to my 8tteniion connection with the examination vthich gives me cause to believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act," or the accounts did not accord Trhryth the accounling records: or the accounts did not comply with Ihe applicable requirements ConmIng the form and content of accounts set out in the Chariti'es {AGcounts 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 examinatFOn. I have no concems and have come acTOSS no other matters In connection with the examination to which attention should be dra% in this repc*t to able a proper urbjerstanding of the accounts lo be reached. Concluslons relating to golng conc•m. In Independent examinalion the fncIal statements, we have concluded that the board's use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work have perfomjed. we have not identified any material uncertaintie5 relating to events CA)n4itions that. individuauy or collectively. may cast significanl doubt on the association's at41ty to continue as a going concem for a period of at least tWee months frorn Wh the financial statements are aUthISed for issu8. Our responsibilits'es and the responsibilities of th6 board of trustees with resp8¢t to going Ccjncern are described in the reievant sectiS of this rep(xt. Other Infomiatlon The other information comprises the infomiation induded in the tnjstees, annual report, other than the financial statements and our independent examination report thereon. The trustees are responsibl6 for Ihe other Infonnatil ntained within th8 annual report. Our OnIOn on the finanoal staternents does nDt cover the other inforynatmm and. expt to th8 extent olherwise explicitly staled in our report. we do not express any form of assurance conclusion thereon. Pagel 8
WORCESTER MUSLIM WELFARE ASSOCIATION INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year endod 31 Mar¢h 21123 (contlnu•d) Our responsthility is to read Ihe other inf(ation and. in doing so, consider whether the other Informatron is materially inconsistent wlth the financial statements, or our knowledge obtained during the examination, or otherwise appews to be materialty misstated. If we identlfy such material inconsistencies or apparent m81erial misstatements, we are required to determine whether this gives rise lo a material misstslement in the financial statements themselves. If, based on the work we have perfMned, we condud8 that ther8 is a material misstatement of this other infonnation, we ar8 required to r8p(Nl that facL Responslbllltles of the Tn180* As explained more lully in the trustees, r8sp(Thibilities statement set out on pag8 7, the trustees a responsible lor th8 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees de18rmine is necessary to enable Ihe preparation of financial statements that are free from material misstatement, vthether due to Iraud or error. In preparfng the finanaal statements, the trustees are responsible for assessing the CIO, abillty to conlinue as a going concem. disclosing. as applicab16, matters related to going concern 8nd using the going concern basis of accounllng. unless the trustees either intend to Ilquidate the CIO or to ceasè operations or have Th) realistic aKernative but lo do so. Indèpend•nl •x•mlner'8 responslbllhles As the charitys trustees, you are responsible forthe preparatlon of the accounts in accordance wlth the requirements of the Charities Act 2011 {'the Act"). We report in respect of my examination of the Trust's acc4wnts carried out under sectlon 145 of the 2011 Act and In carrying out my examination. I have folbwed all the appllcable Direction$ given by the Charity Commission under section 145151(b) of the Act. Page19
WORCESTER MUSUM WELFARE ASSOCIATION INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2023 (continued) Irregularits'es. including fra, are instances of non-compliance with laws and regulations. We design procedure5 in line with our responsibilities. outlined above, to detect material misstatements in resp8d of Iegulanties, including fraud. The specffic prCur8s for this engagement and the extent to whrth these are (xpable of deteding irregularities. induding fraud ar& detailed below: review minutes of meetings of the trusteeslthose charged with governan. review the operation of the CIO'S corrtrols in relation to the preparation and presentation of managemenl information. eck that the financial ststements agree with the accounting records. ensure, so faras is reasonably possible, the ¢J)mpleteness of the CIO'S Sncome. review financial disclosures and test to supporting documentation. obtain third party ¢))nfinnations of material balans. Because of the inherent limitations of an examination, there is a risk that we will not detect all irregularities, including those leading to a materFal misstatement in the financial statements or non-compliance with regulation. Thts risk increases the rnore that compliance with a law or regulats'on is removed from the events and transactions reflected in the financial slatements, as we will be less likely to bec(Yne aware of instances of non-complian. The risk is also greater regarding irregularities occurring due to fraud rather Ihan error, as fraud involves intentional cOnaen1, forgery. collusion, omission or misrepresentatiLY). Ali Jaw ACCA F Sevem Accounting Shaw Mews 1 Shaw Street Worcester WR13QQ T Bsc (Hons) Date: G 5l/L (IOLI Page | 10
WORCESTER MUSUM WELFARE ASSOCIATION STATEMENT OF FINANCIAL ACTMTIES linc1lIng income and expenditure account) for the year ended 31 March 2023 Total Fund5 2023 Total Funds 2022 Unrestricted Restricted Funds Funds Income from: Donations and legacies Charitable activities Investment income CJRS income Other income 129929 50.259 22.385 520.070 649,999 50,259 22,385 435,147 32,639 23,595 44.995 12,000 12.085 12.085 Total income 214.658 $20.070 734,728 548,376 Expenditure on: Charitable activities Govèrnance costs 205,084 2.657 205.084 2,657 140,522 6,730 Totsl resourcès expended 207,741 207,741 147.252 Nel incoming resources Beforn transferg 6,917 520,070 526,987 401.124 Gross transfers between funds Net incoming resources 6,917 520.070 526,987 401,124 Reconcillation of funds 10 Total funds brought forward 2,148.305 1.206.728 3,355,034 2,953,910 Fund3 introduced Movament in fvnds Total funds carrled forward 10 2,155.222 1,726.798 3,882,021 3,355.034 The notes on pages 9 to 11 fom part of I1 financ1 statements. Pagel 11
WORCESTER MUSLIM WELFARE ASSOCIATION STATEMENT OF FINANCIAL posrrioN As of 31 March 2023 Note Unre¥trictod Rè8triGted Funds Furyls 2023 Total Funds 2022 Total fun(ts Fixed assets Tangible assets 1.794,244 1.726.798 3,521.042 2.900,701 Curr•nt Assets Debtors Cash at bank and in haTr 3,284 378.592 3,284 378,592 3,108 476,041 Creditors Amounts falling due within one year 381.876 381,876 479,149 (12.490) {12.490) (13,606) Net current assets 369.386 369.386 465,543 Total Assets less Curront Liabilities 2.163.630 1.726,798 3,890,428 3,366,244 Creditors-. Amounts falling due after more than one year (8.407) (8.407) {11,210) Net As88ts 2.155.223 1.726,798 3.882.021 3,335,034 Funds Unreslrided funds Re8trided funds 2,155,223 1,726,798 2,478,102 876,932 Tolal Funda 10 3,882,021 3,3S5.034 These finala1 StaleNnts %Yere app¥oved by Ihe Board of Trustees and signed on its behalf by". Chairrna aris Salo Date '. PaEe | 12
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS lor thè year ended 31 March 2023 1. PRINCIPAL ACCOUNTING POUCIES GENERAL INFORMATION WOrSter Muslim Welfare Assccialion is a Charitable Incorporated Organisation ICIOI Incorporated in England and is registered wrth The Chanty Commission under the Charities Act 2011 and it constitutes a Public Benefrt Entity as defined by FR8102. The address of the registered office is given in the referen¢e and administrative details on p4e 2. BASIS OF ACCOUNTING The charity constitutes a pull benefrt entrty as defined by FRS 102. The finan¢ial statèments have been prepared in ac¢ordance with AcGounting and Reporb'ng by Charities.. Statement of Recommended Practice aFplicable to charilEs preparing their accounts in accordance with th• Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued in Octot>er 2019, the Finanoal Reporting Standard applicable in the United Kingdom and R8public of Iland {FRS 1021, the Chanties Act 2011 and UK Generally Acceptèd Accounting Practice. The charity does not include a cash flow statement on the oUndS that il is applying FRS 102 Section 1A. The financial statements are prepared in sterling. The 5wnificanl accounting polirAs applied in the preparati¢ of these financial stalomenls a Sét out bélow. These policies have been consistently applied to all years preserlted unless otherwise staled. GOING CONCERN At the time of approving the a¢unts, the trustees have reasonable exprflation that the CIO has adequate resources to continue In operali¢)nal existence for the foreseeable future. Thus, the trustees continue lo aéopl the going COnM basis ol accounting in preparing th8 acGounl5. INCOMING RESOURCES All incoming resources are included in the sts¢ennt of Financial ArtNities when the Clo 1$ legally entitled to the income and the amount can be quanlffjEd with reasonabie accuracy. RESOURCES EXPENDED Expendrture is accwnled for on an accrual basis and has been classified under headings that aggregate all cost lated to the category. ere costs cannot be directly attributed lo particular headings. they have been allocated to activilies on a basis consistent wth Ihe use of resources. TAXATION The CIO is exempt from corporalion tax on its charrtable activtlies. It is Thjt registered for VAT so irrecoverable VAT is included under the related expenditure headings. Pagc | 13
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the yéar ended 31 MaKh 2023 Iconlinued) ACCOUNTING POLICIES (continued TANGIBLE FIXED ASSEfs AND DEPRECIATION Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impaiment losses. Cost includes costs directly attributable to making thè asset operational. Depreciation of tangible fixed assets is provided at the following basis, commencing wrth th8 year of acquisition al rates estimated lo vlIe off their cost or valuation. less any resKlual Val over the estimated useful livos which are as follows.. LaTr Freehold property Computer equipment Office equipment Fixtures and fittings Nol deve¢ed Over 100 years Over 5 yeaJ5 Over 10 years Over 10 years FUND ACCOUNTING Unrestricted funds can be used in accordance wrth the charitable oty'ectives at the discrètion of the trustee$. Restricted funds can only be used for restricted purposes wthin the objects of the CIO, Restrictions arise when $pgcified by the doncrf or when funds raised for restricted purposes. GOVERNMENT GRANTS Government grants Indude grants rèceived from the Home Offjce, lo¢al authorities, and other government organisations. Government granls recerved for capital items are re¢ognised in income over the useful life of the assets (excluding landl under the accruals model. Grants relating to venue are recognised In income and expendr(ure over the same period as the expenditure lo which they relate once reasonable assurance has been gained Ihat the CIO will comply with the Conditions and thal the funds will te received. DEBTORS AND CREDITORS RECEIVABLEIPAYABLE WITHIN ONE YEAR Oebtors and creditors with no slated interest rale and receivable or payable within one year are recorded al transaction pnce. Any losses arising from impainnent are recognised in the slalement of financial activrties in other admini8trats.ve expenses. LEASES Rentals payable and f1Vable under operating leases are tharged to the staternent of financial activities on a straight-line basis over the perh of the lease Pag¢1 14
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 l¢ontinued) INCOME 2023 2022 Donations Member's donations Friday collections General donations New Mosque prq'e¢t GIftAid Funeral Collection Pakistan Flood Appeal Turkeylsyrla Earthquake 45,496 31.525 520,070 19,219 3,115 25.115 5,459 38,215 32,673 354,223 10.037 649,999 435,147 Charltable actlvltlos Educats'on fees Charitable events Amortisation of grant 39.566 7,890 2.803 28,293 1,543 2,803 50,259 32.639 Oth•r Incom• Grants received Rent re¢eived CJRS income Other 6,300 22,385 12,000 23,595 7,955 37,039 5,785 34,470 80,590 TotsF incomo 734,728 548.376 Anatysis by funds: Unrestricted fvnds Reslricted funds 214.658 520,070 194,153 354,223 734.728 548,376 Pagel 15
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMEKrs for the year ended 31 IAarch 2023 (continued) A goverrrfnent gfanl of£26.095 was reived from the Home Office on 19 January 2018. An amount of £2.803 has been amortised in the year. vthh a balance of £8,407 being Irealed as deferred income (see notes 8 and 9) EXPENDITURE 2023 2022 Charitablfr activities Wages Educats'on costs Grant expenditure Propety runniTrJ costs Light and heat Office & general expeThJrture5 Telephone Janitorial Meals and freshments Repairs Depreciats"on Advertising Printing & stalK)nery Insurance Bank ¢harges Other charrtable exp Funeral Expenditure Paknstan Flood Expendrture 85.552 203 9,271 78,429 5,939 236 25.778 4S9 1,124 2,063 7,204 12,810 18,853 7,002 7,686 1,372 1,166 1,933 3,996 5.639 18,853 4.829 36 4,092 20 6,296 4,153 17 7,589 3,000 20.000 . 205,084 140,522 Governance Auditors, remuneration Accountancy Legal and professional fees 4.200 2,530 2.657 2.657 6,730 Total experKllture 207,741 147,252 STAFF COSTS Wages and salanes Social Security Costs Pensions defined contrili0nS 84,381 77,485 1,171 945 85,552 78.429 The average numter of employees dwTng the year w35 10 (2022- 231. Pagel 16
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 Iconlinuedl 5. TRUSTEES, REAIUNERATION. EXPENSES AND BENEFITS No trustee recèived remuneration, exFenses or other benefit5 in their capacity as a trust88 for the year ended 31st March 2023 (2022- Nil}. TANGIBLE FIXED ASSETS Fraehold Land and Bulldlngs Flxturèg flttings and equipment Total Cost or value Introduced Al 1 Apnl 2022 Additions Disposals 2.937.605 639,193 38,841 2,976,446 639,193 Al 31 March 2023 3.576.798 38,841 3,615,639 Depr•clatlon Al 1 April 2022 Charge for th8 year Disposals 59.206 14,800 16,538 4.053 75,744 18,853 Al 31 March 2023 74.006 20,591 94,597 Nel Bock Value At 31 March 2023 3.502, 792 18,250 3,521.042 Al 31 March 2022 2.878,399 22.303 2,900.702 Pa8el 17
WORCESTER MUSLIM IhlELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS For the year ènded 31141arch 2023 (contlnued) DEBTORS 2023 2022 Amounts recoverable within year. Trade debtors Other debtors Prepaymenls and accrued income 3,284 3,108 3,284 3.108 CREDITORS: Amounts falling du• within on• year 2023 2022 AccnJal8 Other taxes and soclal security Gov•mment grant8 - deferred income 9,437 250 2,803 10.187 617 2,803 12,490 13,606 CREDITORS: Amounts falllng du• aft•r mor• than ¢Jn• y•or 2023 2022 Loans Government granls - deferred income 8,407 11,210 8,407 11,210 Pagel 18
WORCESTER MUSLIM ¥¥ELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 (conlinued) 10. MOVEMENTS IN FUNDS 01.22 Income Exp•nditure 31-03-23 Unreslrlcted funds Net incoming resources 2.148.305 214,658 (207,7411 2.485.019 2.148.305 214,658 1207.741) 2,485,019 Re8lrict•d fund8 New Mosqué proie¢t 1.206,728 520.070 1,726,798 1,2IX,728 520,070 1,726,798 Total Funds 3,355,034 734,728 1207 741 } 3,882,021 11 ANALY818 OF NET ASSETS BETweEN FUNDS Unrestri¢t•d Re•trl¢ted Funds Funds 2023 Totsl 2022 Total Tangible fixed assets Cash Other current 8ssetsllliabililies) Creditors due after more than one year 1,794.244 378.592 (9,206) 18.407) 1.726.798 3.521.042 378,592 19,2061 18,4071 2,900,702 476,041 {10,4981 (11,210) 2.155.223 1.726.798 3,882.021 3.355,035 12. RELATED PARTY TRANSACTIONS During the year £2.158 (2020: £1,180) was paid to Mohammad Iqbal. a trustee, as remuner*"on in his capacrty as the administrative secretary of the CIO. The regal authority is included in the cons¢itutN)n. Page,, 19
WORCESTER MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 (continued) 12. RELATED PARTY TRANSACTIONS Dunng the year £012021.. £2,158) was paKI to Mohammad Iqbal. a trustee, as remuneration in his capacity as the administrative secretary of the CIO. The legal aLrthority 15 included in the constituts"on. During the year, lA D&B Management Ltd {a subsidiary of MIWA CIO) carried out work on behalf of MWA CIO amounting to £614.683. This is relation to arGhitect Work and design of the new Mosque of Light 13. SUBSIDIARY COMPANY A new subsidiary company. WMWA D&B Management Limrted. was incorporated as a trading limited co. 13083521 on 15 December 2020., ils purpose is lo act as the design and build contractor for the new mosque light. The subsidiary did not trade in the period to 31 March 2021, and consequently no group accounts have been Ppared. Page | 20