MUSLIM NEIGHBOURS TRUSTEES REPORT AND ANNUAL ACCOUNTS FOR THE PERIOD ENDED 30TH NOVEMBER 2023 CHARITY NO. 1200965 MUSLIM NEIGHBOURS TRUSTEES. REPORT AND ANNUAL ACCOUNTS FOR THE PERIOD ENDED 30TH NOVEMBER 2023 Contents Page General Information Trustees Report Statement of Financial Activities Balance Sheet Notes to the Accounts GENERAL INFORMATION Name of Chari Muslim Neighbours Address: 29 Livingstone House Wyndham Road London SE5 OUZ Tel: 07957981647 E-mail: muslim.neighbours2015@gmail.com Re istered Chari No. 1200965 Board of Trustees: The Trustees of the Charity comprise the Management Committee as from time to time constituted. Name Mohammed Jahir Jahangir Ibrahim Mohammed Mahbubur Rahman Md lftakher Hussain Position Chair & Trustee Trustee Treasurer & Trustee Banker: Netwest, Western Avenue, Waterside Court, Chatham Maritime, Chatham, Kent ME4 4RT MUSLIM NEIGHBOURS TRUSTEES, REPORT PERIOD ENDED 30 NOVEMBER 2023 Histo Ob ectives and Actlvities of Muslim Nei hbours The Trustees (who are all Trustees as well) of Muslim Neighbours submit their report and annual for the period ended 30th November 2023. Muslim Neighbours was registered with the charity commission as a Charitable Incorporated Organisation (CIO) on 10° November 2022. The Ob ectives of Muslim Nei hbours are: 1. To advance the religion of Islam primarily, but not exclusively in the UK for the benefit of the public through the holding of leclures. workshop and classes, producing andlor distributing literature to enlighten others aboul the Islamic religion and making grants to charities or other organizations-, 2. To support Muslims in coming together to engage with each other, celebrate their Faith and develop their knowledge and understanding life of Mohammed (SW). 3. To provide opportunity for non-muslims to leam about Islam and belter understand the Muslim community, which will promote inter-farth understanding. Structure Governance and Mana ement Muslim Neighbours is governed by a constitution. It is govemed by the regulation set out in the constitution and run by Board of Trustees. The char¢ty's new Board Members are elected at the Annual General Meeting every three years. The Board of Trustees are normally bnefed by the Chair and the Secretary in order to familiarise themselves with the rules. regulations and responsibilities of the charity. The Board of Trustees met 3 times during the year to review the activrties of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to sel out the fund raising date for the charity. The day to day work of the charity is overseen by the Board of Trustees. The Board of Trustees are aware of the potential risks to the charity. both financial and otherwise. Therefore, strategies are in place to contral these risks. The Board of Trustees are seriously looking into other nsk areas such as operational, governance and compliance with law and regulations. Achievements and Perfomiance of Muslim Nei hbours: Board of Trustees: 1. Mohammed Jahir Jahangir Ibrahim - Appointed 1011112022 2. Mohammed Mahbubur Rahman - Appointed 1011112022 3. Md lftakher Hussain- Appointed - 1011112022 Board of Truslees Meetin During the year, Muslim NeighboLtrs held three board of trustee's meetings to review organisalional progress. Responsibilities included oversight of financial management, strategic planning, and partnership development. Book3 and Qur'an distribution: Total Qurfan distributed- 5,050 Total booklets and literalure distributed 12,400 Financial Review The financial position ofthe Charity is portrayed in the accompanying Annual Accounts Statement of the Trustees, Res onsibilities Law applicable to charities in England & Wales requires the Truslees to prepare financial slalemenl for each financial year, which gives a true and fair view of the charity's financial activities during the year and of ils financial position at the end of Ihe year. In preparing ihose financial statements, the Trustees are required to.. Select suitable accounting policies and apply consistenlly Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial statements., Prepare the financial statemenls on a going con￿rn basis unless it is inappropriate to presume that the charity will continue in operalion. The Trustees are responsible for keeping accounting records, which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charity act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Reserve Polic It is the policy of the charity Ihat unrestricted funds. which have not been designated for a specific use. should be maintained at a level equivalent to at least three-months expenditure. The Board of Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, Ihey will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Muslim Neighbours will actively work to achieve this level of reserves. Risk Factors The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The Board of Trustees approved the accounts on 26 September 2024 at the Board of Trustees Meeting and signed on their behalf by: Mohammed Jahir Jahangir Ibrahim Chair Md lftakher Hussain Treasurer Dated.. 26" September 2024 MUSLIM NEIGHBOURS STATEMENT OF FINANCIAL ACTIVITIES PERIOD ENDED 30 NOVEMBER 2023 2023 2023 Unrestr'd Re5trict•d Funds Funfls 2023 Total Notes Incoming Resources Activities to further the Chanvs objects Other Incorning Resources Total Received 1.467 1,467 1,467 1,467 Resou￿￿ Expend•d Direct Charitsble Expenditure.'- Costs of activf(ies for charitable objectives Support Costs Management and Administration 800 800 Total Exp¢nditur• 800 800 Net In¢oming Resources fore Transfers 667 667 Translei betsveen fvnds Net Incoming Resources for the Year 667 667 Fund Balances blf 10.11.22 Fund Balances clf 30.11.23 667 667 The notes on Pages 9 to 13 lorm part of these accounts. MUSLIM NEIGHBOURS BALANCE SHEET AS AT 30 NOVEMBER 2023 2023 2023 Unre5tPd Restricted Fun(ts Funds 2023 Total Notes Current Assets Debtors Cash at Bank and in Hand 667 667 667 667 Cr8ditor¥ Amounts falling due vthhin one year Net Assets 667 667 Funds Restrirted Funds Unrestricted Funds 667 667 Total Funds 667 667 The accounts were approved by the DireCto￿￿rUSteeS on behaff by".- September 2024, and signed on t ITr) r ffvThi Mohammèd Jahir JahangFr Ibrahlm Director Chair Md lftakhèr Hussain Director Treasurer The notes on Pages 10 to 14 fomi part of these accounts. MUSLIM NEIGHBOURS NOTES TO THE ACCOUNTS PERIOD ENDED 30 Novembei 2023 Arrounting Policies Summary of 51gnificant accounting policies and key accounting estsmates The principal accounting polieies appl￿d in the preporabon of these financial st31ernen15 are set out w. These poll￿5 have been con5iStentty appl￿￿ to all ￿ yeafs presentsd. unless othense stated Statement of ¢ompli#nc* The financial staternen15 have been prepared In accordanc£ with Accounting and Reporting by Chanlie5 Stalernenl of Recomrnended PraCt￿e applicab* to ¢hante5 preparing their accounts in accordan with the Financial Reportiruj StsNJard applicabb2 In Ihe UK and RepubSic of Ireland IFRS 1021 leffeeiive January 20151- IChali&s SORP IFRS 10211 TIEY a150 cO￿ty with the Companvès Act 2Cth also compty wilh the Companie5 Act and Chart*5 Act 2011. Ba515 of Preparation of Accounts The chanty meets the defination of a public benefrt entity under FRS102 Assets Iiabilites are inrtialty recognis8d ai histor￿81 cost eonveniion or transa¢iw)n value unless olheTwi5e stated In the ielevent Accounting KM)licy notes. Going concem The financial ststement5 have been prepared on a going concem basL8 The Iruslees asses wether the use of going concern is apprOpr￿?te i.e whethef there are any material uncertainitie5 ￿lated to events or condition$ Ihai may cast sNJnth¢ant dtsubt on the ability of the charity to continu8 as a going concem. The Iruslees make the assessment in respecl of a peri¢x1 of one year from the date of approval of thè the financial $tstements Exemption from preparing a cash fl¢)w $talement The charity opte(J lo ad¢Jpt BulÈbn 1 published on 2 February 2016 and have therefore not included a cash flow staiemeni in Ihese financial stsremenl Fund Accounling The Charitys general fund COns￿t of furK15 whrh the Chanty may use for its chantsb￿ objects al the discret￿n of the Trustees. The desgnaled funds are mOn￿S sei aside out of general funds by the Trustees for specthc PUTposes. The Chanws restrrleol furvjs are Ih05e where the donor has Imposed reslrictons on ￿ use of the fuTh1s whKh are ￿allY bind1r￿. DeiaiL8 01 the ftjnds are gNen In Note 8 Incoming ResourcÈs- DonatioAlgr8nt Receivable All donatv)n51grant5 receivable. Including grants for tIE purchase of fixed assets. tt￿ ¢￿￿rted to the Slalernent of Finanoal ActNities In the perh)d to which they relate DonaiK)nslGranls represenling amoun15 deferred lo future accounbng perxxls as a result of coThJitws imposed by fvnder are Shown as Income. with 8 eorressx>nding dedUC￿￿n for amounts deferred Expenditure and Liabilities Generalty Iiabilrtes are ￿c09nk$ed as soon as the￿ i% a Wal or constructive Obl￿atIon ¢ommitting the Charity lo the exFendiiure Resources expended are allocated lo the pathcular aclNity where the cost relates direetly to that aClTvity. The Cost of overall direclK)n and Èdminislraiion on each aclivily. cornpri5ing the saLgry and overhead c051s of the ￿ntral function. is assigned based on an estimate of staff tjrne attributable to th8 aclNity concern•J. Management and admintslration costs comprise ex￿nditure On general finart￿l administra￿0￿ and complk8nce wilh Ststtjw and const1tutional requirements. Tangible Fixed Assets At 30 NoveFnbei 2023 IIE Charity has no matetwl fixeLI as5e15 which have not been ¢apitalised and In¢luderS on the Balarte Sheet. Items of eqU1￿men1 are capilatsed where the purchase pr￿e exc*ds £500. MUSLIM NEIGHBOURS NOTES TO THE ACCOUNTS - Continued PERIOD ENDED 30 NOVEMBER 2023 2023 2023 2023 Totsl Unrestr'd Restricted Funds Funds Incoming Resources G#￿ra1 fund - Activities to further the Charity's objects Donations Misc- received Total Receivèd 1.467 1.467 1.467 1.467 General Fund- Other Incoming Resourc8S Bank interest received Total r8cei¥ed Total Incoming Resources 1.467 1.467 10 MUSLIM NEIGHBOURS NOTES TO THE ACCOUNTS - Continued PERIOD ENDED 30 NOVEMBER 2023 2023 2023 un￿$tr.￿ Restricted Funds Funds 2023 Total Resources Expended Costs of Actfivib•s for Charitsble Objectives Salarie5 and NIC Pènsion cost 8ooks & leaflets Stationery. postage and printing 800 Ttstal 800 800 Supportcosts sub5cripts.on Insurance Rent Cleaning Repairs and Maintenance Managérnent and Administration of tht Charity Administratyon Salanes Publicity, Annu31 Report & AG Accountancy and Professional Fees Misc offits cost Postage. printing and ststr'onery Fund raising cost Bank charges MUSLIM NEIGHBOURS NOTES TO THE ACCOUNTS - Continued PERIOD ENDED 30 NOVEMBER 2023 Stsff Costs 2023 Staff ￿Sts wele as folloths.'- Wages and Salaries Employers Nl contributions The average weekly number of staff employed by the Charity dunng the year wa$"_ Direct Charitable Workers Administration No employee eamed in excess of £ 50.000 in the year and no remuneration wa5 paid lo trustees in the year. Debtors". due within one year 2023 Prepayments Oiher debtors A¢(xued Income Creditors: amounts falling due within one year 2023 Deferred Income IGrantsl'.- Accruals PAYE Othei (yedilors." Others Analysis of Nét Assets bètw••n funds General Restrictè¢J Total Funds Funds Funds Current Assets Current Liabilities 667 667 667 667 12 MUSLIM NEIGHBOURS NOTES TO THE ACCOUNTS - Continued PERIOD ENDED 30 NOVEMBER 2023 8 Movements In Funds At 10 November 2022 Incoming Resources Outgoing Resources At 30 Novembe Transfers 2023 Restricted Funds.'_ Totsl Restricted Fund$ Unrestricted Funds:. General Funds 1.467 800 667 Total Unrestricted Funds 1.467 800 667 Total Funds 1.467 800 667 13