CompaT]y registration number.. CE023545 Charity registration number.. 1190799 Muslim Cultural & Welfare Association of Sutton (MCWAS) Annual Report and Financial Sthiemenls for the Year Ended 31 Dcccmber 2023 A S Partnership Lid 158 Stafford Road Wallington Surrey SM6 9BS
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Contents Reference and Administraiive Dethils Trustees, Report 2to7 Independent Examinels Report 8t09 Statement of Financial Activities Balance Sheei 12 Notes to the Financial Stalemenls 13to20 SOFA per Restricted funds 21 Dclailcd Statement of Financial Aclii'ilies 22to25
Muslim Culturgl & Welfare Association of Sutton (MCWAS) RefereDce Administrative Details Chairman Dr M R Moola Trustees O Koto M Khan H M A Yaseen K Barlas B U Varli S M A Lutfullah Dr S M Mohiud-Din FBAjmi A H&8an Charity Registration Number 1190799 Comp#ny Reglstr4tion Number CE023545 Thc charily is incorpordlcd in Unilcd Kingdom. Registered Olee 80 Ruskin Road Carshalion SM5 3DH Independent Examiner A S Partner%hip Ltd 158 SiatTurd Road Wallington Surrcy SM6 9BS Page I
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Trustees, Report The tnisteeq, who are directors for the pur8 of company law, present Ihe annual report together with the financial statements and auditOTS' report of the charitable company for the year ended 31 December 2023. Structure, governante and management Governlng Document MCWAS was first registered with the Charity Commission in 1981 uiider charity number 0291533. In Augyusi 2020 a new Charitable Incorporaied OrgTanisation (CIO) was regyistered with a board of Ihrcc founding Irusiccs. Elcctions wcrc hcld appointing thrce additional trustees by the new membership in line with the nciv Consiilution and furthcr elections have taken place to replace and onboard addiiional tNslees. Orxanisalional slrmeture The charity is run by ten Tntsiees (as al publication of this report) who are responsible for the g?ener¢il control and manag?emenl of the charily. The Tru%lce% give their timc freely and receive no remuneraiion or other financial benefits. In Scptcmbcr 2021 lo assist with ihc running of Ihc ccntrc and lo cnablc MCWAS to provide quality and conbistcnt scrvices a lull-iimc Ccnlre Manager was cmploycd. Thc rolc of the Centre Mand&F¢r 1% to administ¢r all %ervices provided by MCWAS ¢114urinsF that illl opcrMlioi)al E)olicie8 and procedures are adhcred lo. Thc Trustees dclcgalc the day-to-day running of the cenlre lo Ihe Cenlre Mana&Ter. who acls under Ihe inslruclions and ihe ovcr.SigFhi of ihe Tru5tccs. The board mecls rc&7iilarly with th¢ Centre Manager io discuss dccisionb on thc managcmcnl and opcraiions of ihc ccntrc. Page 2
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Trustees, Report Objectives and Activities Vlslon & Alms Our vision is for God-consciousness lo flourish in the communities of Sutton and its surroiinding areas. We wanl our Lord lo be worshipped as He deserves, by pursuing knowledge. purpose and cxcellcnt Londuct in a peaceful and Laring enviruninenl. Our Inissiun is to servc, educatc and inspirc our local communiry so thai we are all working iogethcr towards our vision. MCWAS has a rich history and has become one of the leading and most active Islamic inslilulion.% in ihe London Borough ofsultoi) and surroundii)g areas. We aiin to.. Encourage others to worship God and lo serve ihe communily EcluLUtc thc Community about Islami¢ tca¢hin¥s through Qurani¢ s¢riptur¢ and Proph¢ti¢ tradition Inspire people to live faithfully wilh confidence and humilily The current MCWAS Siralegic Plan 2022123 is shared on our website. It was produced in February 2022 by thL Board of Trust$. Th¢ objcctiv¢s of th¢ Plan. listcd bcloiv. have been PUP4ud. wilh many successes. Build ihe core serviLe% of PrayeriWor%hip Build the core services of Iducation and Knowledge Buildin&F ihe core s¢rvi¢es of Community Network and Welfare This strategic plan 15 being updated to Spond io ihe needs of the growing community for tomorrow's society. Some themes are being developed as the basis for slrntegic priorities related lo the following kcy arcas.. Improve the quality of eonneeiion between MCW AS and a .]der sei of slakeholders. Build capacity within MCW AS io cxpmnd it5 opcraliondl capacity. F.ncourage and facilitate participation in MCWAS" governance and operations. Further work is being done lo sel MCWAS, new strategic priorities with a clear focus, lo enable MCWAS to make progress against these new prioritie5. This may include adopting a traditional developmental roadmap represented in a detailed strategy document. establishing a taili)red maturity matrix and supporting methodologies to advance progress on strategi priority arcas. Page 3
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Trustees, Report Activities and aehievements - how our activities deli*er public benefit The charity carries out a wide range of aciivities in pursuance of its charitable aims. The Trustees consider that thesc actii'ities, summarised belom., providc bcncfit both to those who worship ai our centre and io the w'ider community. MCW AS is also committed to various fundraising and charitable activitie8 in support of the local community and beyond. Children and Youth Programmes Boyq aiid Girls Yoiiih Club linder 13s Boys and Girls Youih Clubs 14+ Girls Quranic Tafsir Coursc British Sign Languagc Cour5C • Boys and Girls Summer Hifdh Intensive Boys and Girls Summer Workshops Ilm Hub Liiile F.xplorers EYFS sessions & Trips Ilm Hub Childrcn's Classcs Soccer Camp Summ¥r Camp Health & FiliiL8s Cla8ses Community Events A wide ranbye of Community evenls including classes and workshops were held at Ihe centre in 2023 ai)d ii)clude. Fundamentals of Faiih Secrah Course Mainiaininbi Momcnlum - Consislcncy Bcyond Ramadan The Champions Season • Dhul-HiiJah Evcnt - Thc Besi 10 Doy5 The London Fire Rrigade Hajj Workshop ThL Bcgiinningi of Guidance Muslim Reverts Society Seniors Lunch Club Sunnah Fasts, Arafah and Ashura Sislcrs Tca Time Sisters Islamic Wellbeing Sisters Strengthening our Iman Wisdom and Quran Reflections Brothers Fitness Series with FFS . One Day Seminars Page 4
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Trustees, Report Ramadan 2023 Gucst Rcciters for prayer5 Daily Quran Summary Sistcrs Daily Quran Recital and Explanation • Neighbours'l Community lfiar Itikal. Rults of Tajweed Iftar Qiyam Al-Layl • Fundrasing for iniemaiional and local causes Respondii)g to a number of humanitarian causes Other RLgFular Prayer s¢rvi¢¢s, Friday Jumrnah with guest sp¢ak¢rsl khatbs. Eid Prayers Marriage Servicc Funeral Praycr Service School & Scouts Vlslts I.OLal primary and sL'condary h0O1$ in th¢ tA)ndon Borough of Sutton Local Scout Groups We will continue io expand and extend our service offerings io the cominuiiily to en%ure we provide a number of .suslainable services wilh high quality. Page 5
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Trustees, Report Financial review The accounts of the charity show the net asseis of MCWAS of £1,325,568. Gross income from donations including rental income totalled £642.440. Total expenditure including support costs had totalled £239.232. Pending completion of transfer of l¢asohold property and bank account5 from Lcgacy to CIO. Amounts received and expended on behalf of CIO are shown in Balance Sheei as Income due from Legacy and due lo L¢gacy. Statement of trustees, responsibilities Thc trustccs (who arc also thc dir¢ctors of Muslim Culwral & Wclfarc Association of Sutton IMCW AS) for the purposes of company laivl arc responsible for preparing thc truslecs, rLPOrt ind the lin(Incial statements in accordance with applicable law and United KingFd()In ALLoiintingT Stdndardts (United Kiiigdom Geiierdlly Accepted Accouiitingy Prdctice). iiiLludin¥ FRS 102 "The Financial Reporting Siandard applicable in Ihe UK and Republic of Ireland" Comp(Iny law rcquireb the truslees io prepare financial slalcmcnis for cach financial ycar. UiidLr Loinpany law the tru%tee% mu.st not approve the fiiiaiiLial %taleinciil% uiile%% iliey are salislicd that they give a truc and fair view of the slate of aflairs of Ihc charitablc company and of thc incoming rLsourccs and application of rcsourccs, includingT ils incomc and cxpcndiiurc. of thc chariiablc company for that pcriod. In prcparing thcsc financial sldlcmcnlb, the trustees arc rcquircd io.. sclccl suitablc accounting policics and apply Ihcm consislcnily- observe the methods and principle5 in the Charities SORP: make judgcmenls and estimates thai ore reasonoble and prudent; stalc whcthcr applicablc accounting standards, comprising FRS 102 havc bccn followcd, subject to any material departures disclosed and explained in the financial statements,. and prcparc the financial statcmcnts on thc going conccm basis unlc5s il is inappropriate to presume that the charilable company will conlinue in business. Th¢ trust¢¢s ar¢ rcsponsibl¢ for k¢¢ping prO[r accounting r¢cords that can disclose with rcasonablc accuracy at any timc thc financial position of thc charitable company and cnablc them lo ensure that the financial slalemenls comply with the Companies Aci 2006. They are also responsible tor safeguarding the assets of the charitable company and hence tor taking reasonable steps for the prevention and deteciion or rraud and other irregularilies. The trustees are responsible lor the maintenance and integrity ol Ihe corporate and financial information included on the charitable compaiigs website. Legislation governing the preparation and disseminalion of financial sthtements may differ from legislation in oiher jurisdictions. Page 6
Muslim Cultural & Welfare A5SOCi*tltsn of Sutton {MCWAS) Trustees, Report Disclosure of Inforniation to auditor Each trustee has thken Sicps that they oughi to have laken as a trustee in order lo make themselvcs aware of any relevant audit infonnalion and to establish that the charity's auditor is aware of that inforniation. The trustees confiTm ihal there is no relevant infomiation thal they know of and of which they know the auditor is unaware. The annual report was approved by the tru5ttts of the charity on 28 October 2024 and signed on its behalf by: Dr M R Moola Chairn)an Pa8¢ 7
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Independent Exatniner's Report to the truslee5 of lUSI1 Cultural & Welfare Association of Sutton {MCWAS) ('the Company,) I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responslbllltles and basls of report As the charity's irustees of the Company (and also its directors for the purposes of company lawl you dre responsible for the preparation of the accounts in accordance with the requirements of the Companies Act ?006 ('the ?006 Act.). Having satisfied myself thai ihe accounts of ihe Company are noi required ro be audited undcr Part 16 of th¢ 2006 Acl and arc cligiblc for indcpcndcnt cxamination, I rcport in respeLt of my examination of your Lharily's acLount5 as carried oul under seLlion 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my exainination I have to11o,ed the Dircctions given by thc Charity Commission under sli0n 145(5)(b) of thc 201 l Act. Independent examlner's statement Since the Company's gross income exceeded £250.000 your examiner niust be a Ineinber of a body li%ied in section 145 of the 2011 Aci. I confimi ihai l am qualilied to undertake the examination because l am a m¢mber of A%%oLiatioi) of Chartered C¢rtili¢d A¢¢ouiilaiils, which is one of the listed l)odies. I have completed my examination. I confim) that no matters hav¢ come to my aitention in connection with the examination gjivingv me cause to beliei'e: accounting rccords wcrc not kcpl in rcspccl of Muslim Culiural & Wclfarc Association of Sutton {MCWAS) as required by section 386 ofihe 2006 Act.. or 2. the accounts do not accord w'iih ihose records; or 3. the acLounl% do not comply with ihe accouniing requirements of section 396 of the 21106 Act other than any r¢quircmcnt that thc accounts &Fivc a 'true and fair view, which is nol a mattcr considcrcd as part of an indcpcndcnt cxaminaiion. or 4. the accounis hai'e not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicablc lo charilics prcparing thcir accounts. in accordancc with thc Financial Reporting Standard applicabl¢ in the UK and Republi¢ of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to iyhich allcnlion should be drawn in this repon in order to enable a proper under.4tanding of the accounts lo be reached. Page 8
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Independent Exatniner's Report to the truslee5 of lUSI1 Cultural & Welfare Association of Sutton {MCWAS) ('the Company,) A K K SharifFCCA Mcmbcr of Association of Chartcrcd Ccrtificd Accountants AS Partnership Lid Chartered Certified Accounlanls 1511 Siarrord Road Wallingion SM6 9BS 28 Ociobcr 2024 Page 9
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Statement Df Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted Restrlcted funds funds Total 2023 Note Income and Lndowments from: Donations and legacies Other income 284,064 30.750 327.626 611,690 30.750 Total income 314,R14 327,626 642,440 Expenditure on: Fdith & Worship Community GDvernanLe costs Siaft. C04t% Depreciation. amortisalion and other similar costs Property rentsl income costs Total cxpcnditure Net income 117.268 47.568 3,846 40.655 20,757 138,025 47.568 3,846 40,655 6.425 1.702 6.425 2,712 ,010 217.464 21,767 239,231 97.350 305.859 403.209 Net movement in funds 97,350 305.859 403,209 Reconciliation of funds Total funds broughi forward Total funds carried fonvard 922,359 922,359 12 ,019.709 305,859 1,325,568 Thc notcs on pagcs 13 to 20 forni an intcgral part of thcsc financial statcmcnts. Pagc 10
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Statement Df Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrleted funds Total 2022 Note Income and Lndowments from: Donations and legacies Other income 267.489 5.550 267,489 5,550 Total income 273,039 273,039 Expenditure on: Fdith & Worship Community GDvernanLe costs Siaft. C04t% Depreciation, amortisalion and other similar costs Total expenditure Nct in¢omc Transfcrs bctwccn funds 85,967 48.389 3,012 38.209 4.?23 85,967 48.389 3,012 38.209 4,223 179.1100 179.1100 93,239 785,611 93,239 785,611 Net movement in funds 878,850 878,850 Reconciliation of fund$ Total funds brought forward Total funds carried forward 43.509 43.509 12 922.359 922,359 All of ihe charity's aciivities dcrive from eoniinuing operations during thc abovc two periods. Thc funds brcakdown for 2022 is shown in notc 12. Thc notcs on pagcs 13 to 20 forni an intcgral part of thcsc financial statcmcnts. Pagcll
Muslim Cultur*l & Welfare Associatfion of Sutton (MCWAS) IReglstration number: CE023545) Balance Sheet as At 31 December 2023 2023 2022 Note Fixed assets Tangible assets Current assets Debiors 1276.583 798.281 10 1.038,764 989,779 Creditors: Amounts falllng due wlihin one )'ear Net current asset5 Net assets 396,323 (272.245 48,985 1.325,568 124.078 922,359 Funds ofthe eharity: Restricted Income fund$ Restricted funds 305.859 Unrestrlcted thcome funds Unrestricted funds 1.019.709 1.325.568 922.359 Total funds 12 922.359 For the financial year cndin8 31 December 2023 the charity was cnliiled io exemption from audit under section 477 of the Companies Act 2006 relaiing to small companies. Directors, responsibilities: The members have not required the charity to obtsin an audit of its accounts for the year in question in accordance with section 476. and The dirrtlors acknowledge their responsibilities for complying wilh the qUirementS of the Acl with respecl lo accounting rttords and the preparation of accounts. The financial statements on pages l 0 10 20 were approved by the trustees, and authoriscd for issue on 28 October 2024 and SI)ed on their behalf by. Dr M R Moola Chainnan The notes on pages 13 to 20 form an integrdl part of these financial statements. Page 12
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 Charity status The charily is incorporaied as a Charitable Incorpornted Organisation {CIO) in United Kingdom and consequenily does noi have share capilal. The addrcss of lis regislered otfice is: 80 Ruskin Road Carshdlion Surrey SM5 3DH These financial siaiements were auihorised lor issue by ihe truslees on 28 October 2024. 2 Accounting policies Summary of slgnifi¢ant a¢¢ounting poli¢ic5 #nd ke!. accounting cstlmaies Th¢ prinLipdl aLLounting poliLies applied in ihe preparaiiun vl. Ihese IindnLial sialeinenls are sei out bLlow. ThLSC policics havc bcct) consisicnily applied to all the ycars prc.8cnlLxI, unlcss other.15¢ Stated. St#tement of compliance The 1inaiiLial %lateineiit% have been prepared in accordance with Accounting and Reporting by Charilics.. Staiemeni of Recommended Practice (applicable lo charities preparing their accounts in accordancc with thL Financial R¢porting Standard applicablc in Ihc UK and Republic of Ircland IFRS 102}) {i5sued in Oclober 2019) - (Charitics S()RP IFRS 1021), the indnlial Reporting, Standard dppIiLdble in Ihe UK and RepubliL of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Muslim Cultural & Welfare Association of Sutton (MCWAS) meets the definition of a publi¢ bcncfit cnlity undcr FRS 102. Asscls and liabilitics arc initially rccogniscd al historical cost or Iransaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainlies aboul the charliS ability lo continue as a going concern nor any significant area5 of uncertainty that affect the carrying value of assets held by the charity. Page 13
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 Exemption from preparing a eash flow statement The charity opted to edrly adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial 8laternenLs. Income and endowments Voluntary incom¢ including donations. gifts, legacies and grdnts that provide core funding or arc of a gencral naturc is recognised when the charity has eniiilement to the income. it is probable that the income will be received and the amouni can be Ineasured with sufficient reliability. Donation.$ and legacie.T Donations arc r¢cob?niscd whcn thc charity has bccn notificd in writing of both thc amounl and settlement dale. In the el'eni Ihai a donaiion is subject io conditions ihai require a level of performance by Ihe charity before the charily 1% enliiled lo the funds. the income 1% deferred and not reLogni.%ed until either tho8e Londilions are fully met. or the fuifilineiil of Il)04e conditions is wholly within the control ot. Ihe charily and il is probable that these conditions will bc fulfillcd in thc rcporting pcriod. Expendlture AII LXPLiiditur¢ is recognised once ihere is a legal or wnstru¢liv¢ obligalion to thal cxpcndiiurc, li is probablc gciilcmcnl is required and ihe amount can be mea%urcd reliably. All costs are allocated lo the applicable expenditure headin&F that ag'gFreg¥ate similar cosis lo that eaieg?ory. Where costs cannoi bc direcily aitribuicd io particular hcadingjs they have bcen allocalcd on a basis consislcnl with the usc of rcsources. with ccniral staff cosls allocatcd on the basi% (Trf time spent, and depreciation charge% allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Rai.FingfMnd. Thcsc arc costs incurrcd in attracting voluntary incomc, thc managcmcnt of invc5tmcnts and Ihose incurred in Irading aclii'ilies that rais¢ funds. Governance costs These include Ihe costs allribulable lo the charity's compliance with conslitulional and statutory rcqiiircmcnts, including audit, strategic management and trustees meetings and reimbursed expenses. Page 14
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 TaxAtion The charity is considered io pass the tests sei out in Paragraph I Schedule 6 of the Finanee Act 2010 and therefore li meeLs the definition of a charitable company for UK corp)ration tax purposes. ALLordingly. the Lharity 15 Potentially exempt from taxdtiun in respect uf inconic or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of thc Taxation of Cliargcablc Gains Act 1992, to the extent that such income or gains are applied exclusively io chari(able PLwposes. T#nglbl¢ flxed assets Individual fixed asseis are initially recorded al cosi. less any subsequent accumulated dcprc¢ialion and subs¢qucnl accurnulatcd impainncni Iosscs. Depreciation and amortisation Dcprccidtion 15 providcd on tangyible fixed assets so as lo write off the cost or valuation, less any estimated residual value. over their expected useful econoinic life &$ follows.. A55et c14SS Fumitur¢ and cquipmcnt Depreciglion method gnd rate 250/• on r¢ducing balancc TrAde debtors Trade debiors are amounts due from cuslomers for merchandise Sold or services perfonned in the ordinary course ol'business. Trade debtors a cOgnised inilially ai ihe transaction price. They are subsequently measured al amorti%ed co%i using the effective ilileresi meihod. les% provision for iinpainneiil. A provision for lh¢ impairnienl of trade debiors is established wheil there is objeclive evidence that the charity will not be able to collect all amounts due according to the oribTinal tcrms of thc rcccivablcs. Cash and cAsh equlvalents c.dbh and ia5h eqli1.aIen1s comprise cash on hand and call deposits. and oiher short-lenn highly liquid ini'estments ihal are readily coni'ertible to a known amounl of cash and are subject to an insignificant risk of change in value. Page 15
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 Borroivings Inleresl-bearing borrowings are initially Tecorded at fair value. net of transaction costs. Interest-bearing bOrrO.1ng8 are Subsequently carried at amortised cost, wilh Ihe difference between the pruLeeds. net of trdnsaclion c05ts. and the amuunt due on redeinption being recognised as a charge to the Staiemenl of Financial Acliviiies oi'er Ihe period of ihe relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in inieresi payable and similar charges. Borrowings arc ¢las5ifi¢d a5 ¢urr¢nt liabilities unl¢ss th¢ charity has an unconditional right io dcfcr scttlcmcni of ihc liability for at Icasi Nclvc monihs aftcr Ihc rcporting datc. Fund structure UnrestriLled income funds are general funds thai are ai'ailable for use at the trus(ees discretion in furthL'rance of the objectives of the charity. Re%tricted income fund% are tho%e donated for use in a particular area or for specific PUTpo%e4. the use of which is reslricled lo that area or purpose. Penslons and other post retirement obll%ailons Thc Lharily opcraics a dcfincd coniributii)n pcn5ion schcmc which is a pcnsion plan undcr which fixed contributions are paid inlo a pension fund and the charily hils no l¢g?al or conslruelive obligaiioi) io pay further contributi011s ei"ei) if ihe fund does iiol hold %ufficiei)t assets lo pay all employees the benefiis relating lo employee serN'ice in (he currenl and prior periods. Contributions to defined Contribution plans are gnised in the Statement of Financial Aclivilics when thcy are due. If coi)tribulion pay]nci)l% excced the contributioii duc for seTh'ice. the excess is recognised as a prepaymenl. Page 16
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 3 Income from donations and legacies Lnrestricted (unds General Reslricted funds Total funds Donations and legacies. Gift did reclaimed Regular givinby and capital donations Total for 2023 8.673 275,391 25.425 302,201 34,098 577,592 284,064 327,626 611,690 Total for 2022 267.489 267.489 4 Other Ineome Unrestricted funds Gcn¢r41 Total funds Rentdl income 30.750 30.750 Total for 2023 30.750 30,750 Total for 2022 5.550 5.550 Page 17
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 5 Trustees remuneration and expenses No trustLLs, nor any persons connLLtLd with them. have received any remuneration from the charily during the year. 6 Staff costs The aggregate payroll costs were as follows: 2023 2022 Staff costs during the ye4r were: Wag?cs and salarics PLnsion cosis 38.500 2.155 37.096 40,655 38,209 1 {2022 11 of ihe above employees parti¢ipaied in the Defined Contribution Pension Schcmcs. No employee received emolumenls of more ihan £60.OM during the year. 7 Independent examlner's remuneratlon 2023 2022 Other fees to examiners All oihcr assurancc scrviccs 360 300 8 T8xation The charity is a registered charity and is therefore exempl from taxation. Page 18
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 9 Tangible fixed assets Furniture and equipment Land and buildings Total Cost At l January 2023 Additions 785.611 471.696 16,893 13,031 802.504 484,727 Ai 31 Dember 2023 1.257,307 29.924 1.287,231 Depreciation Ai l Janiiary 2023 Chargvc for ihc year Ai 31 Dcccmbcr 2023 4.223 6,425 4.223 6.425 10.648 10.648 Net book value Ai 31 Dcccmbcr 2023 1.257.307 19.276 1,276.583 Ai 31 Dcccmbcr 2022 785.611 12.670 79X,281 Included wiihin the nel book value of land and building8 above is £1,257,307 12022 £785.fi11 } in respect of freehold land and buildings and £Nil 12022 - £Nil} in respecl of leaseholds. 10 Dcbtors 2023 2022 Ineomc duc from Icgacy 1.038.764 396.323 Page 19
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Notes to the Financial Statement5 for the Year Ended 31 December 2023 I I Creditors: amounts falling due w'ithin one year 2023 2022 Oiher creditors F.xpendiiure due lo legacy Accruals 1.300 985,022 3.457 267.207 5.038 9119,779 272,245 12 Funds Balance at Balance a¢ I Januan. 31 Incoming rtsourtes Resources expended December 2023 2023 Unrestricted funds General 922.359 314,1414 1217.464) 21,767 1.019,709 Restricted funds 327,626 305,859 Total funds 922.359 64?.440 1239.231 1.325.56% BalAnee at 31 Balance at l J8nugr)' Incomin% Resourc¢$ Decembcr 2022 resources expended Transfers 2022 Unrestricted funds Gcncral 43.509 273.039 {179.11001 785.611 922.359 Page 20
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Statement of Fillancial Activities bv fund for the Year Ended 31 December 2023 Restricted Funds Total Total Restricted Restricted Funds Funds 2023 2022 Income and Endowments from: Donations and legacies Total incom¢ 327.626 327,626 Expendlture on: Raising funds 88 Ruskin Road Fundraising Rcpairs and mainicnancc Toldl ¢xp¢nditur¢ Net income 1,010 20,757 1.010 22.777 304,1149 Reconciliation of funds Total fund% Caled forward 304,849 This page does not fonn parl of Ihe staiulory financial slalements. Pagc 21
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Detailed Statement of Financial Activitie5 for the Year Ended 31 December 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies lanalysed below) Othcr income lanalyscd below) Total income 611.690 30.750 267.489 5,550 642,440 273,039 Expenditure on". Faith & Worship Community Propcny rentsl incomc costs Gov¢rnan¢¢ costs Staff Costs Depreeialion. amortisalion and oth¢r similar costs 138,025 47.568 2,712 3,846 40.655 6.425 85,967 48.389 3,012 38.209 4.22.1 Total expendiiure Nel income Translers between funds (analysed below) Nct movcmcnt in funds 239,231 179.1100 403.209 93.239 7145,611 403.209 878.850 Re¢onciliatlon of fund$ Total funds brou&Fhi fonvard Total funds carried forward 922.359 43.509 1.325.568 922.359 This page does not fonn parl of Ihe staiulory financial slalements. Pagc 22
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Detailed Statement of Financial Activitie5 for the Year Ended 31 December 2023 Total 2023 Total 2022 Donatiuns and legacies Committed giving Jumah & cash colleclion lftdr and Food Pdek Donalions Tuiiion tees 88 Ruskin Road Gift Aid tax rcclaimed Gift Aid tax reclaimed- 88 Ruskin Road 92,905 89,073 38,955 54.458 302,201 8,673 25,425 82.059 81.804 29,670 55,473 18,483 611.690 2(17.4119 Oiher income Rental income 30,750 5,550 30.750 5.550 Faiih & wor.lhip Direcl Ramadan cosis CalLndar cosls Activiiics Ilm Hub r¢sourccs 88 Ruskin Road Fundraising Bank charges Wagcs and subcontractor Subcontractor - sccurity 5,271 825 32.878 10.1311 20.757 8,755 26.1168 6.335 800 19,458 6.540 5,625 22.336 1,260 105,492 62,354 This page does not fonn parl of Ihe staiulory financial slalements. Pagc 23
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Detailed Statement of Financial Activitie5 for the Year Ended 31 December 2023 Total 2023 Total 2022 Supporl PrL)IA j.¥L).¥.' 80 & 80A Ruskin Rood Water rnles Rcnt and ratcs Light, hcat and power Insuran¢¢ Rcpairs and mainrcnance Rubbish disposal 995 2.823 13.077 ,984 454 1,449 200 2,771 1,815 1,889 4.888 650 20.782 12.213 Genvral Small equipmenl and Consumable Computer softivare and mainienance cosls Clcaning Communication Printing,? posiage and %laiionery .638 144 9,023 946 1.8141 34 7,997 9119 185 11,751 11.400 138.025 ¥5,967 Community Zakat & Fiihra Donations to other charilie5 Iftar and Food Pack Expcnsc 11.337 .200 35.031 8.089 10.220 30,080 47,568 48,389 Property Reiilal Income Cosls Repairs and mainienance Repairs and maintenan¢¢ ,702 1.010 2,712 This page does not fonn parl of Ihe staiulory financial slalements. Pagc 24
Muslim Culturgl & Welfare Association of Sutton (MCWAS) Detailed Statement of Financial Activitie5 for the Year Ended 31 December 2023 Total 2023 Total 2022 Governanc'e Insuran¢e Sundry expenses ALeountaney fees Independent examiner's fee Trade subscripiions 765 281 2,405 360 35 188 2,239 300 285 3.846 3.012 siaffco.sts Staff pensions {Defined contribution) - pension scheme I Wagets and salarie5 2,155 311.500 37.OV46 40.655 38,209 Deprec'ialion Depreciation, amortisalion and other similar costs 6.425 4,223 4.223 6.425 Tran.¥fer.s t5eiweenfund.s Funds - Transfcr from anoihcr fund 785,611 This page does not fonn parl of Ihe staiuiory financial slalements. Pagc 25