MIMBAR FOUNDATION Charity Registration Number- 1194588 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REPORTING ACCOUNTANTS.. AM ACCOLJNTANCY SERVICES 43 BEN JONSON ROAD LONDON EI 4SA TEL." 020 7790 6111
MIMBAR FOUNDATION FOR THE YEAR ENDED 31 QECEMBER 2023 CONTENTS Page5 Information Of financial Statements Report ol the Executive Cornrnitteè Slaletnenl of responsibilities ol the CDrntnittee'. Independent ExamineV5 Report Incorne and Expenditure Accounts statement ol Asse15 and Liabilities 10 Notes lo the Account5
MIMBAR FOUNDATION FOR THE YEAR ENDED 31 OECEMBER 2023 CHARITY AODRESS UNIT D THE OLD SMOKEHOUSE 71 SMEED ROAD LONt)ON E3 2NE ANKER LLOYOS &4NK INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL.. 020 7790 6111 Charl 's Trustees.. Mr Kazi Moharntned Lulhfui Rahman Mr Muhammad Naaem Chowdhury Mr Aulim Hussain
MIMBAR FOUNDATION REPORT OF THE EXECUTIVE COMMIThEE FOR THE YEAR ENDED 31 DECEM8ER 2023 The Iruslees presenl their report and financial 51atement5 for the year ended 31 Oecember 2023. l-hc Trusiees h£ive ld0p1c Eh¥ pi'ovisions ofilic Si<ilLI)ient ol R¢commended Pi£lCtic¢ ISORPI ALcoiiiitin(y aAd Repoitlllfw by Cliaritics issiiLd iii ?UOi iii pi-eparing tlie anniicil ¥¢poi't lid financial statenicnts ol. tlie Cli<lrily. Le1 Stlllus: Charity= Reoislered Kviih IhL Charity Conimission, Charity Nuinbei.: 1194588 Objects, Principal Activities and Orgi< nisation of the Cliarity The cliaflty was esi<iblislicd with Ihe view tu advance the 151amic faith in Iht Ulc for tlie beEi¥fil of tlie piibli¢ throurlh Ihc holdin(¥ of prÈ2yer meetings, leciures. producin(T ndlor distribulints Icclurcs oli Islainic beliefs and iC<i¢hinDs ro enLightcn others aboLlt Islain.
MIMBAR FOUNDATION REPORT OF THE ExecuTIVE COMMITTEE FOR THE YEAR ENDED31 DECEM8ER 2023 or*}1115tlOil- A Management Commiiiee, the member5 ofwhieh are Ihe trustèes manages the affairs of the charity The Managemenl Cornmillee tnanages Ihe business of the charity induding the payin9 01 all Èxpen5&5 Trustees: -Frusices. wlio I'e all iiiciiibei-s ot'ilie execuiive ¢oinnitiiee. aiid wlio sèi'ved dLlI'ing the year al-e set out on page J. I'lic IrLislee5 (lie elecied ai Ilie Aiiiiual Gciitral Meetiiig, lor mefiibefship of thc Exe¢utivc Comillittec aiid seFVC uniil ili¢ cnd of the ncxl Annu1 Geiiei'al meetin where thcy can siaiid for re- election as mcnibers of tlie neNv Executive ComtRiLlee. TruslLes i-e5poiisibilitie5 iii relalioii to Ilie Iinancial sli¢ teinenls Th¢ coinmitiec oi. Trusi¢e% arc req1[£ by cliarity's law to pieparc linancial statcmcnls lor euuli fin&iiLial yeai. which trive a tiue atid f<ltr view of the finaiicial actlVlllC5 of th¢ charity and ofr its Iinan¢ial Posilion at Ihe end ofthat year_ ITI prepic I'iiift Ihose financi(il slatcnicnls the Trusle¢s are required io= The Truslees are IEsponsible for preparing the Truste25 Aanual Report and the Flnancial Statements in accoidance wilh applicable law and regUlaon$ an unit Kingdom A¢ctsunling Standard5 (United Kingdom Geneialty Attepl84 Accouniing Praclicel. The law applicable lo charities ln England and Wales requires the Truslees lo prepare Financial Slalemenls foi eath financial year which give a Ire and fair view of the slale of arfair5 01 Lh& charity and ol the incoming resources and application of r85our¢ps of Ihe ¢harily lor th81 period. In prÈparing Ihese Fin3nci31 Slalemen15, th- Trustees ale required lo- Select suitable accouniing policies and then apply ihern consislenly.. Observe Ihe methods and Pfinciples In the Charities SORP., Makè judgements and accouniing 2slimales thai are reasonablp anr5 plen1, Prepare the Financial Slalem8nls on the goiftg concern basis unless Il Is inappiopriaie 10 presume Ihal the charily will continue in opefatson The Trustees are rèsponsible for kÈeping propèr 3ccouniing records that di5dose wilh reasonable accuracy al any timè the financial position of Ihe charity 2nd enable U)em to ensure that th? Financial SiaiÈmenls comply wilh the Charities Aci ?011. The Charity (Accounts and Repor151 Regulations 2008 and Ihe provisions ol the Iru51 deed. They are also rèsponsible for 5af&guarding the asseis ol Ihe charity and hence for taking reasonable steps for the prwenlDn and detecb-on ol fraud and other irfegularilies VOLUNTEERS.. The Trustees wish 10 rècord their apprÈci3lion behalf of Ihe Charily and cofntnunity lor Ihe volunteers who a551sI in the smooth running of the Charity an¢J are Clilical In helping lo keeps the running cosls down RISK REVIEW.. The Trustee8 have conducted their Dwn review of Ihè major risks lo which IhÈ Charity Is exposed and steps h3ve been lnilialed ID minimi5e the idenlilied risks. A11 functions of Ihe Charity 3re subiecie¢ lo periodic r8view resuliing In a procèss of ongoing ImprovemÈni. All staff and volunteers are Irained and have all Ihe Tequired Slalutory and regulatory clparances required.
MIMBAR FOUNDATION REPOR T OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDEO 31 DECEMBER 2023 SERIOUS INCIDENTS AND EXCEpfioNS.. The Trustees are pleased lo note, Ihal Ihere were no incidents which 9ave rise tr) the n8ed lof the Truslees to lodge a Senou5 InCent Report wilh Ihe Charity Commission. Furthermore. there were nD Excepliofjs recorded and which gave ris? ID the need lor the Trustees lo iecord on Ihe Charity's Exceptions. Register. RELATEDPARf¢TRANSACTIONS.. During the year the Ch8rity wa5 under thE cNlrol ol TFUSI and Mai)¥gemenl Comfflillee members as 11s1ed aWe. This report. which has be&n PfÈpared in ac¢Drdance with thè special provision5 of P3rt 15 of Ihe Companies Act 2006 applicable 10 Small companies. No membeis of the managÈmenl committee received any remuneralion during the year No Iruslee or other person relalÈd lo the charity had any pÈr50nal interest In any coniracl or Irans8ciion entèred Into by Lhe charity during the year. Reserve Policy 11 is the policy of the charily thai unre51rieled fund5. which have not been deSVJnad for a specific use. should be maintainpd al a levè1 equivalenl lo ils expenditure. The Trustèes consid&r that reseNes ai Ihis levèl will ensure Ihai. In the evdnl of 3 signifieani drop in fundin9. They will be able lo continue the charity's currtsnl aclivilie8 while consideration Is given lo way5 in which additional lunos may be raised. The Centre will 3clively work lo achieve Ihis lèvel of reseives. INDEPENOENT EXAMINER According to the provisions of the charib.es Act 2008 and updaled 2011, the Committee has agreed that and audit is not required for this Financial year However duè 10 provisions of Ihe sème act an independent èxaminer is required and AM Accountancy SeTViC?s appointed as external Accountant or Independent Examiner. Tri¥ 11.¥4icIioi) iiiiil fiiiiincial p05itioii The Sialernenl ol Fin3ncial Aclbiilies shows n1 Ioss for Ihe year of E4.324 and our acrufflulal8d fund5 sland a1- £543 In total AM Accountancy Setvices carried out an independeni examination of the actoun15 included in th& report. This feport. which has been prèpared in accordance with the Staiemenl ol Recommended Practi ISORPI Accouniing and RÈporting by Charilies issued In 2005. Approved by the trustees and signed on ils behalf by This report Was approved by the Executive Coffltniltee on and sKJned on their behalf Mr Kazi Mohammed Lvlhfur Rahman ITrusleel Date.. Mr Muhammad Naeem Chowdhury ITrusleel Dale"
Accountants, Report "ro tlie Ti'uste¢s ol. MIMBAR FOUNDATION FOR THE YEAR ENDED 31 DECEM8ER 2023 We report on Ihtr accounts for the year ended 31 De¢embef 2023 sei out on pages 8 10 12 Kthich have been prepar8d uncser the historical cost convention and the accounting policies s81 out in nole 1 to Ihe financial 5talemenls. Respcctive Rospoiisibilitics olTrust¢¢s anil A£counÉants As dLsciibcd on paiwc 5 the ti'itsices arc responsible lor the prepaidtion of tlie financiic I siatciments. IG nd tlicy ¢onsidei' Iliat the triist is e,Kempl froiii ci¥1 ciudit It is oiir rcspoiisibility lo clY tsiit pi-ocediii'es designed to enable us to rcpori OLII. OPlliiOQ to you. 11£1SiS of Opittion We corKlucled our work in accordance with the Slatemenl ol Stsndards for Reporting Accounlanl$. and so our procedures consisted of comparing the accounts wilh lh& ac¢ounling records kept by the Charity. and making such limited e[ulneS ol the Injslees and officers as we consider8d necessary ror th& purpose ol this report. These prOdUr&S provide only the assurance expressed In our opinion. Opiriion In our opinion-. lal The ac¢ourits are in agfeemenl wth the accounting records kepl by Ihe charily undèr the requiretnen15 of the Slalemenl of Recommended Piacli¢e- Accounting and Reporting by Chaiili8s'. Ibl Having regard only to. and on the basig ol. Ihe inlormalion conlained in those accounts" 111 The accounis have been drawn up In a rnanner ¢onsislenl wilh the aecouniing requirements specified Ihe Slalèmenl ol Recotnfflended Practice- A¢coun11ng and Reporiing by Charities, and 121 The charily sali5fied the Conditions lor Ihe exèmption frotn an audit of the aceounls f(K the year specified In the Chafilies Act. 131 This ufjaudiled Account we have prepared tn accoiclancè with the figure, informall and explanation we have received trorn the management of the curr8nl ¢orTrmillee. AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON EI 4SA Dale..
MIMBAR FOUNDATION Statement of Financial Activities Ilncome & Expense Statement) FOR THE YEAR ENDEO 310ECEMBER 2023 2023 Total 2022 Total Notes Unreslricled Reslricled Incominy Resources Voluntary income.. Fee Inco>me 69,333 69.333 40,182 Othe¥ Income.. Donations 29.507 29.507 21,398 Total Incr>min Resources 98.840 98,840 61,580 Re50uice5 Expended Direct Charitable Expenditure Postage and Sialionerie5 Telephone. fax ancl phoiompies Light. Heal and Water Renl & Serwce Charge Books and Materials Travel & Subsisience Projects Software & Wleb511e 8ank Charges Tulors Wages & Stall INelfare 940 170 1.517 39.162 519 3.745 4,780 194 940 170 1.517 39.162 519 3,745 4,780 194 643 274 1.222 18,81Q 568 24,712 165 90 17,194 33.216 10.016 33.216 10.016 Direcl chaiilabla expenditure 94,259 94 259 61,676 Management & Aflm1I115tration Expens?s= Accountancy Advert15ing and promtsb'on Oepreciation Storage Olh&r Legal & Professional Re ernenl & Adminislralion Ex 1,500 309 761 1,5CX) 309 761 500 4t0 671 1,040 5.295 8.905 1,040 5.295 8,905 2.538 5,219 Mana enses" Total Re$our¢es Ex ended 103.164 103.164 66,895 Net In¢ornin9 Resources I (resources expended) -4,324 4,324 -5,315 Net MovEment fund5 for the period= -4.324 -4.324 -5.315 Total Funds Broughl lornard 3.781 3,781 9,096 Balance at 31 Oecember 2023 -543 -543 3,781
MllVtBAR FOUNDATION SLbmmary Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Notes Income Total expenditure Net Surplus (Delicitl foi the linanaal year 98,840 103,164 4,324 There were no recognised gains other than ihose included in the Income and Expenditure Account lor current year.
MIMBAR FOUNDATION Statement of Assets & Liabilities ( Balance Sheet) As at 31 December 2023 2023 NOTE Fixed Assets 3,043 Current Assets Cash al Bank & in Hand Other Oeblors 14.989 11,789 26.778 Current Liabilitiès Amount falling due within one yeaf Other Creditors Accruals 5,365 1,500 6,865 NET CURRENT ASSETS I ILIABILITIESI 19.913 TOTAL ASSETS LESS CURRENT LIA81LITIES 22,956 Long-TÈrm Liabilities Amount falling due after one year Loan 23.499 TOTAL ASSETS LESS TOTAL LIABILITIES 543 FUNDS.. Brought Forward 3,781 Excesslloeficil) ol in¢ome over expenditure 4.324 TOTAL FUNDS 543 The financial 51alements were approved by the Executive Committee and signed on their behalf. Mr Aulim Hussain ITrusteel Mr Kazi M(>hammed Lulhlur Rahman (Trusteel Dale.. Date. The Ntsles on pages 10 to 12 form part ol Ilie financial staleFnenls.
MIMBAR FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES Basts of Accounting Basis of accouniing The Financial Slalements have been prepared under Ihe historical ¢osl convention, as modified by the revaluaiion of certain fixed ass8ls and Inveslmenls measured al markel value. The Financial Siaietnenls have been prepared In accordance with Ihè Financial Reporting Standard for Small-r Enlilies leffeclive January 20151. and Lhè reqviremenls of A¢counling and Reporting by Charilies. Sial&menl of R£¢ommended Practice applicable lo ¢harili8s preparing Iheii accotsnis in accordance with the Financial Reporting Standard for Smaller Entities lèffeclive January 20151 ISORP 20151. b. Grants Revenue gran15 are cradited to the Income and Expenditu account a receivable basis. Donations Donalion are recorded on a CeIp1 basis. d. In¢oming Resourcès Voluntary ineorne and donations a Included in Incoming regources when they are trIvable. excepl when the donors 5pe¢ify Ihal they ffjusl be used in lulure accounting pwiods or donors, conditions have nol been luifilled. lhe the income Is deferred. The in¢orne from fundraising ventUS IS shown gross. with the associated costs included in fundraisi ¢ost5. e. Resources Expended Resources expènded are included in the Slalemenl of Financial Activities on accruals ba515, in¢lu5ive ol any VAT that cannot be recovered. Expenditure that is directly allribulablè 10 5pecili¢ atlivilie5 has been included in these cost calegories. Where costs are allribu13blè lo more than one aclwily. they have beèn apportioned across the cost calegDnp5 on a basis CsISteI with the use of Ihose resource5. f. Going Concern 8a515 The financial slalemenis have been prepared on the 904ng concern basis, as in the opinion ol the Iruslees. Iheie are no issues arising which would sugge51 any other basis as being more 3ppropnal&. g. Administration C05t5 Admin15tralion expenditure Includes all eKP8ndilure not directly relaled lo the charitable actsiqly h. Taxation As a charity, Ihey ale exernpl from lax on Income ancl gain5 falling wlhin section $05 01 the Taxes Act 1988 or $256 of the Taxation ol Chargeat>le Gains Acl 1992 to the extent that these are applied lo ils charilable objects No lax charges have arisen in the Ch3rily. Oeprgciation: Depi-cialion Is calculaled so as lo wrile off ihe Cost of an assel. les5 115 e$litnaled residual value, over the useful aconomi¢ life of that asset as follows. F5xlure. Fitting and Eqtsipmeni. 15 on Reduot¥J Balan method
MIMBAR FOUNDATION FOR THE YEAR ENDEO 31 OECEM8ER 2023 NOTES TO TFIE ACCOUNTS Creditors and A¢ruals Loan Karde Hasana Other Creditors Accounlancy 3,499 5,365 1,500 10,364 Net Surplus ol tho Financial Year The èxcess of expenditure over income 15 Staled allef chaiging. 2023 Accounlanls, remuneration 1,500 Fundslcapital 2023 Opening Balance 3.781 Ba13n¢eas al 1 January 2022 3.781 Excessl (Deficill of Income ovèr Expenditure -4.324 Balance at 31 December 2023 -543