REGISTERED CHARITY NUMBER: 327233
THE MUSLIM YOUTH FOUNDATION
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
THE MUSLIM YOUTH FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
THE MUSLIM YOUTH FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2021
Trustees Dr M Fayez Al-Hamad Mr F Ahmed Mr S Al-Aqel Mr M A Malek Mr G Al-Shamy
Principal address Clydesdale House 27 Turner Street Piccadilly Manchester M4 1DY Registered charity number 327233 Independent examiner Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
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THE MUSLIM YOUTH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The Muslim Youth Foundation was established in 1983 by a group of academics and business people to promote Islam to both Muslims and Non-Muslims. The objectives of the trust are to advance the religion of Islam and the teachings of Islamic education. In setting objectives and planning activities, the trustees have given careful consideration to Charity Commission's guidelines of public benefit. The trustees have reviewed the major risks to which the charity is exposed and the topic is regularly discussed at trustees' meetings.
The Muslim Youth Foundation is a place of worship, a mosque with approximately 600 people attending Jumah (Friday congregational prayer) and over 200 people daily for other prayers. The congregation is from many different ethnic backgrounds, Arab, Pakistani, Bengali, White, African, Malaysian etc. The people who attend the MYF include students, professionals and others working in the City Centre. The MYF was one of the pioneers in the UK in using the English language as its medium for all its programmes including the Friday Khutbah (sermon) as part of the Jumah Salah (Friday congregational prayer). Initially, the focus was the development of the Muslim youth through various educational, social and spiritual programmes, including national youth camps with many of these youth going on to becoming active in the wider Muslim community.
Now, the MYF has various projects and services related to the fields of education, social welfare, and culture. As well as the mosque, there are regular adult education programmes such as lectures and seminars and weekly study circle. The MYF also works with schools. There are visits to the mosque by trainee teachers plus schools. The MYF also works with children in Bosnia funding educational, cultural and sports programmes. Another programme of the MYF is providing a rota of Khateeds (Islamic preachers) to local universities prayer halls, 2 mosques and a hospital for the congregational Friday prayer.
The MYF is used as a resource by the community hosting various activities such as weekly talk on Islam, weekly fitness classes for women, occasional programmes for a Muslim Deaf Group. The MYF regularly has collections for various relief agencies.
When planning activities for the year, the trustess have considered the Commission's guidance on public benefit.
Achievement and performance
Over the last year, the Muslim Youth Foundation has been cooperating with partnerships such as the local interfaith organisation and university and working its various projects which were developed to be more professional. These projects include developing magazines and holding regular educational activities such as lectures and seminars.
Financial review
The trust received its income from a variety of sources which were mainly individual donations of £44,529 (2020: £39,682)
Future plans
The MYF plans to further develop its project and services to higher quality. It also intends to develop partnerships with other organisations including the delivery of multi cultural awareness courses. Plans include more work within the schools through interfaith project and MYF is developing the second phase of an educational magazine for schools together with DVD for deaf people. There are plans to extend the counselling service and MYF also intends to explore different options of funding to enable further developments of its projects and services. The MYF will also embark on a further regeneration project to refurbish its premises.
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THE MUSLIM YOUTH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Structure, governance and management
The Muslim Youth Foundation (MYF) is constituted under a trust deed dated 23 July 1983 and is a registered charity (Charity number 327233). The MYF is governed by a board of trustees. The trustees may be appointed and discharged by the board of trustees and may serve without time limit. The trustees are encouraged to attend relevant external briefings and training courses. Every decision of the trustees shall be determined by the majority of votes of the trustees present and voting on the question. There shall be a quorum when three trustees are present at any meeting. The MYF also has salaried staff and volunteers who implement the work of the charity.
Approved by order of the board of trustees on 27 June 2022 and signed on its behalf by:
Mr G Al-Shamy - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MUSLIM YOUTH FOUNDATION
Independent examiner's report to the trustees of The Muslim Youth Foundation
I report to the charity trustees on my examination of the accounts of The Muslim Youth Foundation (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Farook Patel FCA Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
27 June 2022
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THE MUSLIM YOUTH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
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2021 2020
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 33,129 29,482
Investment income 2 11,400 10,202
Other income 46,928 22,774
Total 91,457 62,458
Expenditure on
Charitable activities 3
Charitable expenditure 87,225 68,916
NET INCOME/(EXPENDITURE) 4,232 (6,458)
Reconciliation of funds
Total funds brought forward 188,280 194,738
Total funds carried forward 192,512 188,280
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The notes form part of these financial statements
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THE MUSLIM YOUTH FOUNDATION
STATEMENT OF FINANCIAL POSITION 31 AUGUST 2021
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2021 2020
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Tangible assets 7 78,217 82,013
Current assets
Debtors 8 1,805 2,232
Cash at bank and in hand 116,802 106,548
118,607 108,780
Creditors
Amounts falling due within one year 9 (4,312) (2,513)
Net current assets 114,295 106,267
Total assets less current liabilities 192,512 188,280
NET ASSETS 192,512 188,280
Funds 10
Unrestricted funds 192,512 188,280
Total funds 192,512 188,280
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The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2022 and were signed on its behalf by:
Mr G Al-Shamy - Trustee
The notes form part of these financial statements
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All incoming resources are included in the statement of financial activities when the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received and the amount of income receivable can be measured reliably.The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Gifts in kind for distribution are included in the accounts as incoming resources and resources expended when they are distributed at their approximate market value at the date of distribution.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Income from investments is included in the year in which it is receivable.
Income tax recoverable under the Gift Aid Scheme is recognised where there is an entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on grants is recorded once the trust has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is earlier.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
1. Accounting policies - continued
Tangible fixed assets
Improvements to property - 15% on reducing balance Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. Investment income
| 2021 £ Rents received 11,400 Bank interest receivable - 11,400 Charitable activities costs Support Direct costs (see Costs note 4) £ £ Charitable expenditure 84,458 2,767 |
2020 £ 10,200 2 10,202 Totals £ 87,225 |
|---|---|
3. Charitable activities costs
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
4. Support costs
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||||
|---|---|---|
|Governanc|
|costs|
|£|
|Charitable expenditure|2,767|
|Support costs, included in the above, are as follows:|
|Governance costs|
|2021|2020|
|Charitable|Total|
|expenditure|activities|
|£|£|
|Accountancy and legal fees|2,767|2,782|
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5. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
6. Staff costs
The average monthly number of employees during the year was as follows:
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|---|---|---|
|2021|2020|
|Admin|2|3|
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No employees received emoluments in excess of £60,000.
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
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7. Tangible fixed assets
Improvements Fixtures
Freehold to and
property property fittings Totals
£ £ £ £
Cost
At 1 September 2020 47,189 115,195 105,075 267,459
Additions - - 1,680 1,680
At 31 August 2021 47,189 115,195 106,755 269,139
Depreciation
-
At 1 September 2020 99,141 86,305 185,446
-
Charge for year 2,408 3,068 5,476
-
At 31 August 2021 101,549 89,373 190,922
Net book value
At 31 August 2021 47,189 13,646 17,382 78,217
At 31 August 2020 47,189 16,054 18,770 82,013
8. Debtors: amounts falling due within one year
2021 2020
£ £
Prepayments 1,805 2,232
9. Creditors: amounts falling due within one year
2021 2020
£ £
Taxation and social security 3,442 1,434
Other creditors 870 1,079
4,312 2,513
10. Movement in funds
Net
movement At
At 1.9.20 in funds 31.8.21
£ £ £
Unrestricted funds
General fund 188,280 4,232 192,512
TOTAL FUNDS 188,280 4,232 192,512
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
10. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 91,457 (87,225) 4,232 91,457 (87,225) 4,232 Net movement At At 1.9.19 in funds 31.8.20 £ £ £ 194,738 (6,458) 188,280 194,738 (6,458) 188,280 as follows: Incoming Resources Movement resources expended in funds £ £ £ 62,458 (68,916) (6,458) 62,458 (68,916) (6,458) |
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. Related party disclosures
There were no related party transactions for the year ended 31 August 2021.
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THE MUSLIM YOUTH FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
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2021 2020
£ £
Income and endowments
Donations and legacies
Donations 33,129 29,482
Investment income
Rents received 11,400 10,200
Bank interest receivable - 2
11,400 10,202
Other income
Covid Council Grant 18,901 10,000
JRS Grant 28,027 12,774
46,928 22,774
Total incoming resources 91,457 62,458
Expenditure
Charitable activities
Wages 40,172 45,351
Pensions 923 924
Rates and water 214 147
Insurance 3,134 1,646
Light and heat 7,654 7,440
Telephone 1,168 1,245
Postage and stationery 1,089 1,081
-
Advertising & Promotion 8,595
Sundries - 42
-
Repairs and maintenance 1,060
Catering 25 1,442
Cleaning 579 671
Donations 14,370 -
Improvements to property 2,408 2,833
Fixtures and fittings 3,067 3,312
84,458 66,134
Support costs
Governance costs
Accountancy and legal fees 2,767 2,782
Total resources expended 87,225 68,916
Net income/(expenditure) 4,232 (6,458)
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This page does not form part of the statutory financial statements
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THE MUSLIM YOUTH FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
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2021 2020
£ £
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This page does not form part of the statutory financial statements
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