Charity registration number 327233 (England and Wales)
THE MUSLIM YOUTH FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE MUSLIM YOUTH FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M A Malek Dr M F Al-hamad Mr H R Fahim Mr G Audhali Dr M Mughal
(Appointed 20 August 2024) (Appointed 20 August 2024) (Appointed 20 August 2024)
Charity number (England and Wales) 327233 Principal address Clydesdale House 27 Turner Street Manchester Greater Manchester United Kingdom M4 1DY Independent examiner Xeinadin Ground Floor, Citygate Longridge Road Preston PR2 5BQ
THE MUSLIM YOUTH FOUNDATION
CONTENTS
| Page | |
|---|---|
| Report Of The Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
THE MUSLIM YOUTH FOUNDATION
REPORT OF THE TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
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 trustees have considered the Commission's guidance on public benefit.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.
Achievements and performance
Significant activities and achievements against objectives
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 £131,318 (2023:£107,103)
Reserves policy
It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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THE MUSLIM YOUTH FOUNDATION
REPORT OF THE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
Plans for future periods
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.
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 trustees who served during the year and up to the date of signature of the financial statements were: Mr M A Malek Dr M F Al-hamad Mr H R Fahim (Appointed 20 August 2024) Mr G Audhali (Appointed 20 August 2024) Dr M Mughal (Appointed 20 August 2024) Mr G Al-Shamy (Removed 2 April 2025) Mr S Al-Aqel (Resigned 24 October 2024) Mr F Ahmed (Resigned 13 January 2024)
Recruitment and appointment of trustees
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.
The Report of the Trustees report was approved by the Board of Trustees.
Mr M A Malek Trustee
7 May 2025
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THE MUSLIM YOUTH FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MUSLIM YOUTH FOUNDATION
I report to the trustees on my examination of the financial statements of The Muslim Youth Foundation (the ) for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Xeinadin
Ground Floor, Citygate Longridge Road Preston PR2 5BQ 7 May 2025
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THE MUSLIM YOUTH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 131,318 | 107,102 |
| Investments | 3 | 14,481 | 13,274 |
| Total income | 145,799 | 120,376 | |
| Expenditure on: | |||
| Charitable activities | 4 | 114,123 | 98,932 |
| Total expenditure | 114,123 | 98,932 | |
| Net income and movement in funds | 31,676 | 21,444 | |
| Reconciliation of funds: | |||
| Fund balances at 1 September 2023 | 186,119 | 164,675 | |
| Fund balances at 31 August 2024 | 217,795 | 186,119 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE MUSLIM YOUTH FOUNDATION
BALANCE SHEET
AS AT 31 AUGUST 2024
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities The funds of the Unrestricted funds 12 |
2024 £ 1,798 128,578 130,376 (4,227) |
£ 91,646 126,149 217,795 217,795 217,795 |
2023 £ 2,443 107,040 109,483 (6,445) |
£ 83,081 103,038 |
|---|---|---|---|---|
| 186,119 | ||||
| 186,119 | ||||
| 186,119 |
The financial statements were approved by the trustees on 7 May 2025
Mr M A Malek Trustee
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the 's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The is a Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
(Continued)
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings No depreciation Property improvements 15% on reducing balance Fixtures and fittings 15% on reducing balance Computers 33% on straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 131,318 | 107,102 |
3 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Rental income | 14,400 | 13,200 |
| Interest receivable | 81 | 74 |
| 14,481 | 13,274 |
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
4 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| expenditure | expenditure | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 48,319 | 41,453 | |
| Depreciation and impairment | 8,472 | 6,334 | |
| Insurance | 3,155 | 3,029 | |
| Light and heat | 20,187 | 18,885 | |
| Telephone | 1,546 | 1,421 | |
| Postage and stationery | 3,240 | 2,043 | |
| Catering | 13,651 | 16,282 | |
| Cleaning | 1,412 | 909 | |
| Donations | 11,690 | 4,740 | |
| Sundries | 643 | - | |
| Repairs and maintenance | 134 | - | |
| 112,449 | 95,096 | ||
| Share of support and governance costs (see note 5) | |||
| Support | 1,674 | 3,836 | |
| 114,123 | 98,932 | ||
| Analysis by fund | |||
| Unrestricted funds | 114,123 | 98,932 | |
| 5 | Support costs allocated to activities | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank charges | 300 | 1,790 | |
| Governance costs | 1,374 | 2,046 | |
| 1,674 | 3,836 | ||
| Analysed between: | |||
| Charitable expenditure | 1,674 | 3,836 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
7 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Other pension costs |
2024 Number 2 2024 £ 47,396 923 48,319 |
2023 Number 2 |
|---|---|---|
| 2023 £ 40,530 923 |
||
| 41,453 |
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 Tangible fixed assets
| Freehold land and buildings Property improvements Fixtures and fittings Computers £ £ £ £ Cost At 1 September 2023 47,189 118,895 121,705 - Additions - 9,790 5,400 1,847 At 31 August 2024 47,189 128,685 127,105 1,847 Depreciation and impairment At 1 September 2023 - 106,363 98,345 - Depreciation charged in the year - 3,348 4,314 810 At 31 August 2024 - 109,711 102,659 810 Carrying amount At 31 August 2024 47,189 18,974 24,446 1,037 At 31 August 2023 47,189 12,532 23,360 - |
Total £ 287,789 17,037 |
|---|---|
| 304,826 | |
| 204,708 8,472 |
|
| 213,180 | |
| 91,646 | |
| 83,081 |
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THE MUSLIM YOUTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
10 Debtors
| Debtors | ||
|---|---|---|
| Amounts falling due within one year: Other debtors Prepayments and accrued income Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income |
2024 £ - 1,798 1,798 2024 £ 3,148 - 1,079 4,227 |
2023 £ 639 1,804 |
| 2,443 | ||
| 2023 £ 3,249 2,117 1,079 |
||
| 6,445 |
11 Creditors: amounts falling due within one year
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 | Incoming | Resources | At 31 August | |
|---|---|---|---|---|
| September | resources | expended | 2024 | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | 186,119 | 145,799 | (114,123) | 217,795 |
| Previous year: | At 1 | Incoming | Resources | At 31 August |
| September | resources | expended | 2023 | |
| 2022 | ||||
| £ | £ | £ | £ | |
| General funds | 164,675 | 120,376 | (98,932) | 186,119 |
13 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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