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 Sime 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 ventU￿S 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 C￿sISte￿I 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