2022-02-28-accounts

CHARITY REGISTRATION NUMBER: 328381

Imdadul Muslimeen Financial Statements

28 February 2022

KAROLIA LIMITED

Chartered Certified Accountants& statutory auditor Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ

Imdadul Muslimeen

Financial Statements

Year ended 28 February 2022

	Page
Trustees' annual report	1
Independent auditor's report to the members	7
Statement of financial activities	11
Statement of financial position	12
Statement of cash flows	13
Notes to the financial statements	14

Imdadul Muslimeen

Trustees' Annual Report

Year ended 28 February 2022

The trustees present their report and the financial statements of the charity for the year ended 28 February 2022.

Reference and administrative details

Registered charity name Imdadul Muslimeen Charity registration number 328381 Principal office 17 Dock Street Blackburn Lancashire BB1 3AT The trustees Abdul Rashid Ibrahim Geloo Ahmed Ibrahim Geloo Afzal Ibrahim Geloo Sirajudin Ibrahim Geloo Auditor Karolia Limited Chartered Certified Accountants & statutory auditor Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ Bankers Barclays 8-14 Darwen Street Blackburn Lancashire BB2 2BZ HSBC 60 Church Street Blackburn Lancashire BB1 5AS Al Rayan Bank 601 Stockport Road Manchester M13 0RX

Structure, governance and management

Trustees

The trustees named on the preceding page under "Members of the Board and Professional Advisers" are all founder trustees as mentioned in the charity's Trust Deed and have all served throughout the year. The Governing Tool (Trust Deed) of the charity governs appointment of trustees.

- 1 -

Imdadul Muslimeen

Trustees' Annual Report (continued)

Year ended 28 February 2022

Objectives and activities

Objectives

The objectives of the charity are as outlined in the charity's Governing Instrument (Trust Deed dated 5 October, 1989 approved and registered by the Charity Commission on 28 November, 1989). The countries of operation and concentration for our charitable activities are as mentioned in Part 2 of the Schedule annexed to the Trust Deed.

Current Activities

Brief descriptions of charitable activities currently being conducted are;

(a) Giving donations to Muslim charitable organisations and institutions such as Mosques, Religious & Secular Schools, Orphanages, Hospitals etc. for their development and maintenance.

(b) Sponsoring poor children and orphans for their basic care and maintenance including providing them religious and secular education from elementary to advanced education through Muslim charitable organisations and institutions.

(c) Providing financial assistance to poor for food, clothing, shelter and medical treatment directly or through Muslim charitable organisations and institutions.

(d) Providing aid to relieve the suffering of people affected by disasters by providing food, shelter and medical treatment through Muslim charitable organisations and institutions.

(e) Providing regular monthly grants to widows, disabled and old age people, who have no one to provide for them, directly or through Muslim charitable organisations and institutions.

(f) Providing water facilities in villages by drilling bore-holes and fitting hand pumps for use by the general public through Muslim charitable organisations and institutions.

(g) Helping other organisations to set up and maintain orphanages & schools in villages where deemed necessary.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

- 2 -

Imdadul Muslimeen

Trustees' Annual Report (continued)

Year ended 28 February 2022

Achievements and performance

Achievements

During this accounting period (Y/e 28.02.2022), the trustees consider that, like in the previous years, the charity has performed well. We thank and praise Allah for this and ask Him to accept our humble efforts, Ameen.

As in previous years, several orphanages, religious & secular schools, mosques, hospitals and other charitable institutions have continued to benefit financially from our charity. Widows, refugees, poor and desolate people have also been supported financially, directly and through other charitable organisations. A brief summary and breakdown of our donation activity is as below:

The total amount of donations paid out this year was £1,733,694. The total number of donations made was 425 to various beneficiaries in 14 different countries mainly; India, Bangladesh & Pakistan. In total, these beneficiary organisations look after approximately 200,000 orphans and poor children (boys and girls) by providing free food, accommodation and education. They also carry out relief works among the poor and destitute in their localities. As we duly keep annual progress and activity reports for all charitable organisations that we support, a better and more detailed view of these and other activities can be obtained by studying our charity's books and files.

Financial review

Income:

Like in the past, this year (Y/e 28.02.2022) we received £174,409 donation from Geloo Brothers Ltd and their connected companies, who have been major donors during the past. In addition, other company and individual donors made sizeable donations totalling £1,451,918. We also received £62,585 of net Gift Aid donations for which the total tax credit claimable from HMRC was £15,646. We also received £4,800 rental income for the 29 Shakeshaft Street investment property. All this resulted in the total revenue raised this year being £1,709,358. A total of £14,791 tax credit had been claimed during this accounting year.

Spending:

In addition to administration costs which were £8,932 this year the charity spent £1,733,694 on charitable donations, making the total spending £1,742,626. This being £33,268 higher than the total income received during the year.

Share Holding

The current shareholding in Geloo Holdings Limited, remains at 120,000 ordinary shares as at close of accounts date.

Reserves Policy

As at the Y/e 28.02.2022, £191,506 cash reserve is being carried forward to the new accounting period. In view of the fact that incoming donations are not expected until around the next month of Ramadhan which falls in early April 2022, this is not considered a significant cash reserve since donation payments will be ongoing before the month of Ramadhan. Also, the trustees consider that, given the nature of our work; a reasonable cash reserve should be maintained at all times to allow us to respond quickly to emergencies where immediate relief is needed.

- 3 -

Imdadul Muslimeen

Trustees' Annual Report (continued)

Year ended 28 February 2022

Financial review (continued)

Risk Management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at adequate levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

As part of our due diligence in respect of above, the following are our policies:

(a) We only accept donations from U.K. donors only, which are well known U.K. Companies, U.K. registered Charities and well known persons, in case of Gift Aid Donations.

(b) We do not accept any donations in Cash or Cash deposited by any donors. We insist that our donors make their donation payments only through bank.

(c) None of our donors donate on conditions of how the donations should be used. However, they may specify areas of our ongoing charitable activities where they wish their donation to be spent. For example, Welfare and Education of Poor Children & Orphans, Relief Works, Water, etc. In spite of this, we reserve the right to still spend on any projects at our own discretion.

(e) As it is well known, Muslims have a religious obligation to pay 2.5% of one's total wealth every year to the very poor and desolate. Zakaat can only be spent on the most poor and poverty stricken people.

(f) As almost all donations that we receive are Zakaat. As a Muslim charity we have an obligation towards our donors and to our faith to spend Zakaat on eligible projects only - otherwise the religious obligation of discharging Zakaat on behalf of our donors would not be fulfilled.

As mentioned above, due to our resources being Zakaat, we are subject to very stringent religious rules and need to ensure that the money reaches the intended receipient and is spent for the intended purposes and according to the criteria for Zakaat spending.

- 4 -

Imdadul Muslimeen

Trustees' Annual Report (continued)

Year ended 28 February 2022

Financial review (continued)

Vetting and verification of donation applications

The charity trustees are aware of the risks of funds being diverted to inappropriate activities or organisations and therefore trustees regularly keep up-to-date with the Charity Commission's guidelines and read the Charity Commission's online toolkit on a regular basis. Before any donations are approved to any organisation,they are vetted using various means including referring to SDN and consolidated List.

Organisations requesting for a donation are required to duly fill in the application form and provide supporting documents such as; (1) Audited accounts & reports of the latest date, (2) References from renowned persons in the country of the applicants and in the U.K. (3) Activity reports, project reports, photographs, video, etc. (4) Authorisation letter by the organisation (5) Personal identification of the applicant, including other information regarding its organisation, like bank account details and a copy of the certificate of registration. Before any application is approved by the trustees, all credentials are verified and contact is made with references provided. Where possible, a representative would visit the organisation and verify the facts.

In subsequent applications in the following year, organisations need to provide fresh application forms and supporting documents again, although trustees may not follow the same strict verification process as the first time applications. There are some renowned organisations in India, Pakistan & Bangladesh who provide references or recommendation letters to genuine organisations. Where applicable, the charity asks for these as supporting documents. The charity makes contact to verify the credentials. Once all the verification process is completed, trustees decide on which organisation to fund.

Dependent on the information that is provided; also the main consideration of the trustees is the number of poor children & orphans in a particular organisation providing free food, shelter and education. Applications are refused if insufficient information and supporting documents are provided, and if the applicants have no bank account in the name of their organisations or simply because the Charity has insufficient funds to make a donation. All donation applications with their supporting documents are duly filed and kept at our charity office.

Safeguarding Charitable Donations

It is the strict policy of the charity to make all donation payments through bank transactions only.

Some charitable donation payments to organisations abroad are made through online money remittance companies which offer very competitive rates and deliver the money directly into the beneficiary's bank account fast. The charity also uses local bank's international payment facilities for countries where remittance companies do not cater for.

All recipients are required to issue an official receipt and also acknowledge receipt of the money on their official letterhead, failing which their future applications do not get considered. As a result, we receive letters of acknowledgement from all recipients which are duly scanned into pdf and hard copies filed and kept at our charity office. In addition, recipient organisations are required to furnish activity and progress reports which are also filed separately.

Plans for future periods

Future Developments

The trustees have resolved to continue the current activities as the charity keeps receiving several appeals and requests for financial assistance from Orphanages, Mosques, Religious & Secular Schools, Hospitals and Relief Agencies. In view of the fact that we do not have sufficient money in reserve, we hope to request donations from various regular and new donors during the accounting period Y/e 28.02.2023 in order for our charity to achieve our charitable objectives during the year.

- 5 -

Imdadul Muslimeen

Trustees' Annual Report (continued)

Year ended 28 February 2022

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' annual report was approved on 24 November 2022 and signed on behalf of the board of trustees by:

Abdul Rashid Ibrahim Geloo Trustee

- 6 -

Imdadul Muslimeen

Independent Auditor's Report to the Members of Imdadul Muslimeen

Year ended 28 February 2022

Opinion

We have audited the financial statements of Imdadul Muslimeen (the 'charity') for the year ended 28 February 2022 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 28 February 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

- 7 -

Imdadul Muslimeen

Independent Auditor's Report to the Members of Imdadul Muslimeen (continued)

Year ended 28 February 2022

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

• the information given in the trustees' report is inconsistent in any material respect with the financial statements; or

• adequate accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

- 8 -

Imdadul Muslimeen

Independent Auditor's Report to the Members of Imdadul Muslimeen (continued)

Year ended 28 February 2022

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

- 9 -

Imdadul Muslimeen

Independent Auditor's Report to the Members of Imdadul Muslimeen (continued)

Year ended 28 February 2022

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ahmed Adam Karolia (Senior Statutory Auditor)

For and on behalf of Karolia Limited Chartered Certified Accountants & statutory auditor Suite 28 Blackburn Enterprise Centre Furthergate Blackburn Lancashire BB1 3HQ

24 November 2022

- 10 -

Imdadul Muslimeen

Statement of Financial Activities

Year ended 28 February 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	155,397	1,549,161	1,704,558	1,524,363
Investment income	5	4,800	–	4,800	4,800
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total income		160,197	1,549,161	1,709,358	1,529,163
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities	6,7	160,721	1,581,906	1,742,626	1,397,807
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total expenditure		160,721	1,581,906	1,742,626	1,397,807
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net (expenditure)/income		(524)	(32,745)	(33,268)	131,356
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Other recognised gains and losses
Gains from revaluation of fixed assets		77,717	–	77,717	144,800
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net movement in funds		77,193	(32,745)	44,449	276,156
Reconciliation of funds
Total funds brought forward		825,716	168,006	993,722	717,566
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward		902,909	135,261	1,038,170	993,722
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 21 form part of these financial statements.

- 11 -

Imdadul Muslimeen

Statement of Financial Position

28 February 2022

		2022		2021
	Note	£	£	£
Fixed assets
Tangible fixed assets	12		86,000	83,000
Investments	13		759,917	685,200
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
			845,917	768,200
Current assets
Debtors	14	1,648		788
Cash at bank and in hand		191,506		225,634
		ৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄ
		193,154		226,422
Creditors: amounts falling due within one year	15	900		900
		ৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄ
Net current assets			192,254	225,522
			ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities			1,038,171	993,722
			ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets			1,038,171	993,722
			৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds			135,261	168,006
Unrestricted funds:
Revaluation reserve		684,118		606,401
Other unrestricted income funds		218,791		219,315
		ৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄ
Total unrestricted funds		902,909		825,716
			ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	16		1,038,170 ৶৶৶৶৶৶৶৶৶৶৶৶	993,722 ৶৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on 24 November 2022, and are signed on behalf of the board by:

Abdul Rashid Ibrahim Geloo Trustee

The notes on pages 14 to 21 form part of these financial statements.

- 12 -

Imdadul Muslimeen

Statement of Cash Flows

Year ended 28 February 2022

	2022	2021
	£	£
Cash flows from operating activities
Net (expenditure)/income	(33,268)	131,356
Adjustments for:
Dividends, interest and rents from investments	(4,800)	(4,800)
Changes in:
Trade and other debtors	(860)	(645)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Cash generated from operations	(38,928)	125,911
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net cash (used in)/from operating activities	(38,928)	125,911
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Cash flows from investing activities
Dividends, interest and rents from investments	4,800	4,800
Other investing cash flow adjustment	–	(1)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net cash from investing activities	4,800	4,799
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Net (decrease)/increase in cash and cash equivalents	(34,128)	130,710
Cash and cash equivalents at beginning of year	225,634	94,924
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Cash and cash equivalents at end of year	191,506	225,634
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The notes on pages 14 to 21 form part of these financial statements.

- 13 -

Imdadul Muslimeen

Notes to the Financial Statements

Year ended 28 February 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 17 Dock Street, Blackburn, Lancashire, BB1 3AT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

Disclosures in respect of financial instruments have not been presented, as there are no financial instruments.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

- 14 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

- 15 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings & equipment - 15% reducing balance

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Donations - Zakat and Sadqah	–	1,549,161	1,549,161
Donations - Lillah	155,397	–	155,397
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	155,397	1,549,161	1,704,558
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶

- 16 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

4.	Donations and legacies (continued)
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Donations
	Donations - Zakat and Sadqah		–	1,333,410	1,333,410
	Donations - Lillah		190,953	–	190,953
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
			190,953	1,333,410	1,524,363
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
5.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Income from investment properties	4,800	4,800	4,800	4,800
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
6.	Expenditure on charitable activities	by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Charitable donations		151,788	1,581,906	1,733,694
	Support costs		8,933	–	8,932
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
			160,721	1,581,906	1,742,626
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Charitable donations		107,988	1,279,998	1,387,986
	Support costs		9,821	–	9,821
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
			117,809	1,279,998	1,397,807
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
7.	Expenditure on charitable activities	by activity type
		Activities
		undertaken		Total funds	Total fund
		directly Support costs		2022	2021
		£	£	£	£
	Charitable donations	1,733,694	8,033	1,741,727	1,396,907
	Governance costs	–	899	899	900
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
		1,733,694 ৶৶৶৶৶৶৶৶৶৶৶৶	8,932 ৶৶৶৶৶৶৶	1,742,626 ৶৶৶৶৶৶৶৶৶৶৶৶	1,397,807 ৶৶৶৶৶৶৶৶৶৶৶৶

- 17 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

8. Analysis of support costs

	Analysis of
	support costs
	activity 1	Total 2022	Total 2021
	£	£	£
Premises	3,599	3,599	3,591
Communications and IT	668	668	664
Finance costs	3,766	3,766	4,666
Governance costs	900	900	900
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	8,933	8,933	9,821
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Auditors remuneration
		2022	2021
		£	£
Fees payable for the audit of the financial statements		900 ৶৶৶৶	900 ৶৶৶৶

9. Auditors remuneration

10. Staff costs

The average head count of employees during the year was Nil (2021: Nil).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

12. Tangible fixed assets

	Land and	Fixtures and
	buildings	fittings	Total
	£	£	£
Cost
At 1 March 2021	83,000	2,784	85,784
Disposals	–	(2,784)	(2,784)
Revaluations	3,000	–	3,000
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
At 28 February 2022	86,000	–	86,000
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Depreciation
At 1 March 2021	–	2,784	2,784
Disposals	–	(2,784)	(2,784)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
At 28 February 2022	–	–	–
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Carrying amount
At 28 February 2022	86,000	–	86,000
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
At 28 February 2021	83,000	–	83,000
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

- 18 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

13. Investments

			Other
			investments
			£
	Cost or valuation
	At 1 March 2021		685,200
	Additions		–
	Fair value movements		74,717
			ৄৄৄৄৄৄৄৄৄ
	At 28 February 2022		759,917
			৶৶৶৶৶৶৶৶৶
	Impairment
	At 1 March 2021 and 28 February 2022		–
			৶৶৶৶৶৶৶৶৶
	Carrying amount
	At 28 February 2022		759,917
			৶৶৶৶৶৶৶৶৶
	At 28 February 2021		685,200
			৶৶৶৶৶৶৶৶৶
	All investments shown above are held at valuation.
14.	Debtors
		2022	2021
		£	£
	Prepayments and accrued income	149	144
	Other debtors	1,499	644
		ৄৄৄৄৄৄৄ	ৄৄৄৄ
		1,648	788
		৶৶৶৶৶৶৶	৶৶৶৶
15.	Creditors: amounts falling due within one year
		2022	2021
		£	£
	Accruals and deferred income	900	900
		৶৶৶৶	৶৶৶৶

- 19 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					At
	At			Gains and	28 February
	1 March 2021	Income	Expenditure	losses	2022
	£	£	£	£	£
Unrestricted Fund	219,315	160,197	(160,721)	–	218,791
Revaluation reserve	606,401	–	–	77,717	684,118
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	825,716	160,197	(160,721)	77,717	902,909
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
					At
	At			Gains and	28 February 2
	1 March 2020	Income	Expenditure	losses	021
	£	£	£	£	£
Unrestricted Fund	141,371	195,753	(117,809)	–	219,315
Revaluation reserve	461,601	–	–	144,800	606,401
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	602,972	195,753	(117,809)	144,800	825,716
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Restricted funds
					At
	At			Gains and	28 February
	1 March 2021	Income	Expenditure	losses	2022
	£	£	£	£	£
Restricted Funds	168,006	1,549,161	(1,581,906)	–	135,261
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶
					At
	At			Gains and	28 February 2
	1 March 2020	Income	Expenditure	losses	021
	£	£	£	£	£
Restricted Funds	114,594	1,333,410	(1,279,998)	–	168,006
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶

- 20 -

Imdadul Muslimeen

Notes to the Financial Statements (continued)

Year ended 28 February 2022

17. Analysis of net assets between funds

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Tangible fixed assets	86,000	–	86,000
	Investments	759,917	–	759,917
	Current assets	57,893	135,261	193,154
	Creditors less than 1 year	(900)	–	(900)
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	Net assets	902,910	135,261	1,038,171
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		£	£	£
	Tangible fixed assets	83,000	–	83,000
	Investments	685,200	–	685,200
	Current assets	58,416	168,006	226,422
	Creditors less than 1 year	(900)	–	(900)
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	Net assets	825,716	168,006	993,722
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
18.	Analysis of changes in net debt
				At
		At 1 Mar 2021	Cash flows	28 Feb 2022
		£	£	£
	Cash at bank and in hand	225,634	(34,128)	191,506
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

- 21 -