| Page | |
|---|---|
| Reference and Administrative Details |
|
| Report ofthe Trustees | 3-5 |
| Report ofthe Independent Auditors |
6-$ |
| Consolidated Statement ofFinancial Activities |
|
| Consolidated and Individual Balance Sheet |
10 |
| Group Cash Flow Statement | |
| Notes tothe Consolidated Financial Statement |
12-19 |
| Tltlsteer | Riysz Hussein | Rajabali | Rajabali | Rajabali | ||
|---|---|---|---|---|---|---|
| Hasnain Roshanali |
Merali | |||||
| Mohamed Roshanali |
Merali Dewji | |||||
| Abbasali Merali | ||||||
| Hyderali Zafferali |
Datoo | |||||
| Charitable | Incorporated | Organisation | 1194683 | |||
| Number | ||||||
| Registered | Office | 61 Charlotte Street |
||||
| London | ||||||
| WIT 4PF | ||||||
| Auditors | Xeinadin Audit | Limited | ||||
| 8efloor | ||||||
| Becket House | ||||||
| 36Old 1ewry | ||||||
| London | ||||||
| EC2R 8DD |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| Funds | Funds | |||
| 2023 | 2022 | |||
| Note | ||||
| Income from | ||||
| Donations &legacies | ||||
| Donations | 2,509,695 | 3,287,144 | ||
| Transfers froni Mehjile-e-Alt | 224,976 | |||
| Total Incoming Resources | 2,509,695 | 3,512,120 | ||
| Expenditure on |
||||
| Charitable activities |
822,558 | 1,962,949 | ||
| Foreign exchange gains | 1,800 | (31,123) | ||
| Total Expenditure | 824,358 | 1,931,826 | ||
| Surplus and Net movement funds |
in | 1,685,337 | 1,580,294 | |
| Total Funds at Start | 1,580,294 | |||
| Total funds carried forward | 3,265,631 | 1,580,294 |
| Group | Charity | Group | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |||
| Notes | f | f | f | |||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 218,133 | 218,133 | ||||
| Programme Related lnvestmeuts |
1,274,000 | 1,274,000 | 1,287,000 | 1,287,000 | ||
| 1,492,133 | 1,274.000 | 1,505,133 | 1,287.000 | |||
| CURRENT ASSETS | ||||||
| Cash and cash equivalents | 1,784,698 | 1,765,227 | 86,361 | 81,923 | ||
| 1,784,698 | 1,765,227 | 86,361 | 81,923 | |||
| CREDITORS: amounts | falling | |||||
| due within one year | (11,200) | (11,200) | (11,200) | (11,200) | ||
| NET CURRENT ASSETS | 1,773,498 | 1,754,027 | 75,161 | 70,723 | ||
| TOTAL NET ASSETS | 3,265,631 | 3,028,027 | 1,580,294 | 1,357,723 | ||
| FUNDS | ||||||
| GeneralFunds | 1,773,498 | 1,754,027 | 75,161 | 70,723 | ||
| Designated Funds |
1,492,133 | 1,274,000 | 1,505,133 | 1,287,000 | ||
| 3,265,631 | 3,028,027 | 1,580,294 | 1,357,723 |
| Total funds | Total funds | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Cash IIows fram operating | activities | 1,698,337 | 1,604,494 | ||||
| Cash flows from investing | activities: | ||||||
| Purchase ofproperty and Pmgramme |
Related | Investments | (1,518,133) | ||||
| Net cash fused iui iuveshug | acliw'ries | 1,698,337 | (1,518,133) | ||||
| Increase in Cash and cash reporting period |
equivalents | at the | end ofthe | 86,361 | 86,361 | ||
| Cash aad cash equivalents | in the | reporting | period | 1,784,698 | 86461 | ||
| 2023 | 2022 | ||||||
| 8 | |||||||
| Reconciliation ofnet movemeat | in funds to | cash Iiow | |||||
| from operating activities |
|||||||
| Net movement in funds |
1,685,337 | 1,580,294 | |||||
| Depreciation | 13,000 | 13,000 | |||||
| Increase in creditors | 11.200 | ||||||
| Net cash provided by operating |
activities | 1,698,337 | 1,604,494 | ||||
| Analysis ofcash and cash | equivalents | 2023 | 2022 | ||||
| Cash at beginning ofyear |
86,361 | ||||||
| Cash at Close | 1,784,698 | 86361 |
| 2. | TANGIBLE FIXEDASSETS - GROUP | 2023 | 2022 |
|---|---|---|---|
| Land and | Land and | ||
| Building | Building | ||
| I | |||
| COST As at 1 November 2022 |
218,133 | ||
| Additions | 218,133 | ||
| As at 31 October 2023 | 218,133 | 218,133 | |
| DEPRECIATION | |||
| Charge for the year | |||
| As at31October 2023 | |||
| NKTBOOKVALUE | |||
| As at31October 2023 | 218,133 | 218,133 |
| The Charity does | not own any | tangible fixed assets. The property | is owned by the subsidiary | organisation. | ||
|---|---|---|---|---|---|---|
| 2. | PROGRAMME RELATED GROUP AND CHARITY |
INVESTMKNTS- | 2023 | 2022 | ||
| Land | and | Land and | ||||
| Building | Building | |||||
| I | ||||||
| COST | ||||||
| As at 1 November | 2022 | 1,300,000 | ||||
| Additions | 1,300,000 | |||||
| As at 31October | 2023 | 1,300,000 | 1,300,000 | |||
| DEPRECIATION | ||||||
| Brought forward | 1November | 2022 | 13,000 | |||
| Charge for the year | 13,000 | 13,000 | ||||
| As at 31October | 2023 | 26,000 | 13,000 | |||
| NET BOOKVALUE | ||||||
| As at 31October | 2023 | 1,274,000 | 1,'287.(100 |
| INCOME AND EXPENDITU SUBSIDIARY |
RE- | |
|---|---|---|
| 31October 2023 | 31October 2022 | |
| Income | 42,576 | 19,023 |
| Expenditure | 27,550 | (21,429) |
| Profit (loss) for the year | 15,026 | (2,406) |
| BALANCE SHEET | 2023 | 2022 |
| Tangible fixed assets | 218,133 | 218,133 |
| Current assets |
||
| Cash | 19,463 | 4,437 |
| Net Assets | 237,596 | 222,570 |
| Capital and reserves | 237,596 | 222,570 |
| 4. | CREDITORS: | amounts | falling | due | within | one year | |||
|---|---|---|---|---|---|---|---|---|---|
| Group | Charity | Group | Charity | ||||||
| 2023 | 2023 | 2022 | 2022 | ||||||
| f. | |||||||||
| Accruals | 11,200 | 11,200 | 11,200 | 11,200 | |||||
| 11,200 | 11,200 | 11,200 | 11,200 |
| 5. EXPENDITURE |
||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| Donations and grants paid | ||
| Grants funding ofactivities | 767,943 | 1,891,665 |
| Support costs | 54,615 | 71,284 |
| 822,558 | 1,962,949 |
| Total | Total | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Property Maintenance | 27,078 | 21,429 | ||
| Deprecation | 13,000 | 13,000 | ||
| Governance costs | ||||
| Legal and | professional | fees | 7,337 | 29,655 |
| Auditor's | fees (including | VAT) | 7,200 | 7,200 |
| 54,615 | 71,284 |
| 7. | GRANTS PAYABLE | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| E | E | ||||||
| Grants to Institution | |||||||
| Alsadiq Academy | 12,000 | 12,000 | |||||
| Anjumane Jaffariya |
1,400 | 1,300 | |||||
| British Heart Foundation | 1,000 | ||||||
| Bustane Zebra | 2,800 | 1,000 | |||||
| International Islamic Link |
30,000 | ||||||
| KSIHydery | 5,000 | ||||||
| KSIMC | 37,044 | 1,063,843 | |||||
| Lady Fetemah Charitable | Trust | 20,000 | |||||
| Lady Summaiya | Humantarian | Fund | 5,000 | ||||
| Mohebban Mahdi |
2,000 | ||||||
| Orison Charitable | Trust | 267,965 | 249,505 | ||||
| Stanmore Jafferys | 2,500 | ||||||
| The Imam Hussein | Foundation | 15,000 | 5,000 | ||||
| Who Is Hussein | 14,000 | ||||||
| World Federation | ofKSIMC | 427,234 | 484,017 | ||||
| Total Grants | 767,943 | I891,665 |
| Brought Forward |
Income | Expenditure | Carried Forward |
||
|---|---|---|---|---|---|
| General funds (Unrestricted | funds) | 75,161 | 2,509,695 | 811,358 | 1,773,498 |
| Designated funds —Mehfile-e-Ali |
218,133 | 218,133 | |||
| Programme Related funds |
1,287,000 | 13,000 | 1,274,000 | ||
| TOTAL OF FUNDS | 1,580,294 | 2,509,695 | 824,358 | 3,265,631 |
| Brought Forward |
Income | Expenditure | Carried Forward |
||
|---|---|---|---|---|---|
| General funds (Unrestricted | funds) | 811,358 | 1,769,060 | ||
| Designated funds |
1,287,000 | 13,000 | 1,274,000 | ||
| TOTAL OF FUNDS | 1,357,723 | 2,509,695 | 824,358 | 3,043,060 |
| Designated Funds |
General Funds |
Total | |
|---|---|---|---|
| 2023 | |||
| Fund balances at31October 2023: | |||
| Tangible fixed assets | 218,133 | 218,133 | |
| Programme Related Investments |
1,274,000 | 1,274,000 | |
| Current assets (liabilities) | 1,773,498 | 1,773,498 | |
| At 31October 2023 | 1,492,133 | 1,773,498 | 3,765.631 |
| Total | |||
|---|---|---|---|
| Designated Fundsf |
General Fundsf |
2022 | |
| Fund balances at31October 2022: | |||
| Tangible fixed assets | 218,133 | 218,133 | |
| Programme Related Investments |
1,287,000 | 1,287,000 | |
| Current assets (liabilitiesl | 75,161 | 75,161 | |
| At 31 October 2022 | 1,505,133 | 75,161 | 1,580,294 |