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2025-03-31-accounts

Bolton Muslim Welfare Trust Trustees' Report and Financial Statements For the Year Ended 31 March 2025 Charity Number: 1005715

STONEBRIDGE ACCOUNTANTS 19A CHORLEY OLD ROAD LANCASHIRE BOLTON BL1 3AD

Bolton Muslim Welfare Trust

Contents Summary

For The Year Ending 31 March 2025

Contents Page
Legal and administration information 3
Report of the trustees 4
Report of the independent examiner 7
Statement of financial activities 8
Balance sheet 9
Notes forming part of the financial statements 10-14

2

Bolton Muslim Welfare Trust

Legal and Administration Information

For The Year Ending 31 March 2025

Trustees Name Office Dilaver Valli Vice Chairman Gulammohmed Moosa Ahmed Patel Gulam Valli Ahmed Shafi Ibrahim Patel Chairman Dr Liaqat Ali Ibrahim Natha Ayyub Youssouf Muhammed Adam

Charity Number 1005715

Business Address

Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD

Bankers

Lloyds Bank Plc 9-13 Hotel Street Bolton Lancashire BL1 1DB

Independent Examiner

Stonebridge Accountants & Business Advisors 19A Chorley Old Road Bolton Lancashire BL1 3AD

3

Bolton Muslim Welfare Trust

Report of the Trustees

For The Year Ending 31 March 2025

Report of the trustees for the year ended 31 March 2025

Assalamaulaikum Warahmatullahe Wabarakatu

The trustees present their report along with the financial statement for the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the charity’s constitution and applicable law.

Constitution and charitable objects

The Bolton Muslim Welfare Trust is constituted under a trust deed date 14 October 1991 and registered with The Charity Commissioners under charity number 1005715. The objects of the charity have altered as at 1 September 2007 in that the Charity now rents the original school building to the local authority since the school became a 'State maintained school'. In the year ended 31 March 2015 the charity commenced operations of the Al Nur Supplementary School.

Development activities and achievements this period

The trustees consider that the performance of the charity this period has been satisfactory.

Bolton Muslim Welfare Trust Al Nur Supplementary School promotes and encourages the nurturing of Islamic Culture, which permeates all aspects of a Muslim's life through the sound development of conduct, appearance, morals and values. We aim to establish a wholesome enviroment for students that is conducive to building character and strengthening British and Islamic values.

The Supplementary School aims to prepare students to be confident, active and ethical people, serving their communities with a sound understanding of their faith and cultural heritage and fulfilling their roles as successful and responsible citizens in wider society.

Future Developments

The charity will continueto rent the property to the local authority whereby the pupils can continue to obtain their teachings, together with the operation of Al Nur Supplementary School.

Transactions and financial position

The statement of financial activities (pages 4 and 5) shows total net movement in funds for the year of (£ 59,935) and the reserves stand at £ 898,241 in total. Details of movements in fixed assets are set out in note 10 to the accounts.

Reserves

The present level of funding is adequate in order to support the continuation of maintaining the school building. No other significant resources will be called upon in order to maintain the current standards we have set.

Organisational structure

The trustees who served during the period and since the period end are set out at the front of these accounts. Trustees are appointed by the board of trustees.

Risk management

The trustees have examined the strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps are taken to lessen these risks.

Endowment funds

The Endowment fund is a restricted fund which holds fixed assets of the trust.

4

Bolton Muslim Welfare Trust

Report of the Trustees

For The Year Ending 31 March 2025

Statement of the Trustees' Financial Responsibilities

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 trustees are required to prepare financial statements for each financial period in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Stnadards and applicable law). The financial statemenst are required by law to give a true and fair view of the state of affiars of The Bolton Muslim Welfare Trust and of its incoming resources of the charity for that period. In preparing the financial statements, the trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records that 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 applicable law, regulations and 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.

Approved by the Trustees of Bolton Muslim Welfare Trust and signed on its behalf by:

Shafi Ibrahim Patel (Chairman)

Ayyub Youssouf

Dr Liaqat Ali Ibrahim Natha

Date: 29th January 2026

6

Bolton Muslim Welfare Trust

Independent Examiner's Report to the Members of Bolton Muslim Welfare Trust, Bolton

We report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 8 to 14.

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to:

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion or otherwise as to whether the accounts present a "true and fair view"; and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention:

  1. Which gives us reasonable cause to believe that, in any material respect, the requirements:

  2. (a) to keep accounting records in accordance with section 130 of the 2011 Act; and

(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or

  1. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

__________ Honorary Independent Examiner

Afzal Essa ACA

Stonebridge Accountants 19a Chorley Old Road Bolton BL1 3AD

28th January 2025

7

Bolton Muslim Welfare Trust

Statement of Financial Activities

For The Year Ending 31 March 2025

Notes
Incoming resources
Incoming resources from generated funds
Al Nur Supplementary School
3
Incoming resources from charitable activities
Property Rental
4
Other incoming resources
Total incoming resources
Resources expended
Al Nur Supplementary School
5
Property Rental
6
Total resources expended
Net Movement in Funds
Adjustment in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
funds
£
-
92,218
-
92,218
-
86,561
86,561
5,657
(246,833)
242,091
915		 Restricted
income funds
£
148,715
4,839
-
153,554
161,202
57,944
219,146
(65,592)
246,833
716,085
897,326		 2025
Total
£
148,715
97,057
-
245,772
161,202
144,505
305,707
(59,935)
-
958,176
898,241		 2024
Total
£
136,450
84,833
-
221,283
141,496
37,054
178,550
42,733
-
915,443
958,176

8

Bolton Muslim Welfare Trust

Balance Sheet as at 31 March 2025

Notes
Fixed Assets
Tangible assets
9
Total Fixed Assets
Current Assets
Debtors and Prepayments
10
Cash at bank and in hand
Total Current Assets
Creditors: amounts falling due within one year
11
Net Current Assets
Creditors: amounts falling due after one year
12
Net Assets
Funds of the Charity
Restricted funds
Unrestricted funds
Total Funds		 Unrestricted
funds
£
-
-
2,910
3,752
6,662
5,747
915
-
-
915
-
915
915
-		 Restricted
income funds
£
1,214,138
1,214,138
62,091
12,123
74,214
26,016
48,198
365,010
365,010
897,326
897,326
-
897,326		 2025
Total
£
1,214,138
1,214,138
65,001
15,875
80,876
31,763
49,113
365,010
365,010
898,241
897,326
915
898,241		 2024
Total
£
637,543
637,543
86,310
341,699
428,009
42,366
385,643
65,010
65,010
958,176
716,085
242,091
958,176

Signed by three of the trustees on behalf of all the trustees on

Shafi Ibrahim Patel Ayyub Youssouf (Chairman) Date: 29th January 2026

Dr Liaqat Ali Ibrahim Natha

9

Bolton Muslim Welfare Trust

Notes forming part of the Financial Statements

For The Year Ending 31 March 2025

1. Principal Accounting Policies

(a) Basis of accounting

These accounts have been prepared on the basis of historical cost (except that investments are shown at market value) in accordance with Accounting Standards and with the Charities Act 2011.

(b) Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

(c) Changes to previous accounts

No changes have been made to accounts for previous years.

2. Accounting policies

Accounting policies
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources - the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliably.
Incoming resources with Where incoming resources have related expenditure (as with fund raising or contract
related expenditure income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on Incoming resources from tax reclaims are included in the SoFA at the same time as the
donations and gifts gift to which they relate.
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or
the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold
or distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources
when receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described
in the trustees' annual report.
Investment income This is included in the accounts when receivable.
Investment gains and This includes any gain or loss on the sale of investments and any gain or loss resulting
losses from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of
trustee meetings and cost of any legal advice to trustees on governance or constitutional
matters.
Support costs Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, e.g. allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least £250.
use by charity They are valued at cost or, if gifted, at the value to the charity on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the
year end. Other investment assets are included at trustees' best estimate of market value.
Depreciation Tangible assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimated residual value of each asset over its
expected useful life, as follows:
Land & Buildings
2% Straight line
Computer Equipment
20% Straight line
Office Equipment
10% Straight line

10

Bolton Muslim Welfare Trust

Notes forming part of the Financial Statements

For The Year Ending 31 March 2025

3.
AL NUR SUPPLEMENTARY SCHOOL
Book Monies & Other Sales
Fees income
Community Project Grants
Covid & HMRC JRS Grants
Other Income
4.
PROPERTY RENTAL
Community Project Grants
Fundrasing and Donations
Insurance and Service Recharge
Rental Income
Other Income		 Unrestricted
funds
£
-
-
-
-
-
-
Unrestricted
£
-
-
14,485
77,133
600
92,218		 Restricted
income funds
£
4,398
142,901
-
-
1,416
148,715
Restricted
£
-
4,839
-
-
-
4,839		 2025
Total
£
4,398
142,901
-
-
1,416
148,715
Total
£
-
4,839
14,485
77,133
600
97,057		 2024
Total
£
3,401
131,109
-
-
1,940
136,450
Total
£
-
3,579
12,504
68,750
-
84,833

11

Bolton Muslim Welfare Trust

Notes forming part of the Financial Statements

For The Year Ending 31 March 2025

5. AL NUR SUPPLEMENTARY SCHOOL COSTS

Advertising, promotion, entertainment
Books & Literature
Depreciation
Employee costs
Employers NI
Exam Prizes & Gifts
Function and meeting costs
Hall Hire
Insurance
Other direct costs
Printing postage and stationery
Rent
Software and IT costs
Telephone Expenses
Training & Courses
6. PROPERTY RENTAL COSTS
Accountants fees
Advertising
Bad and doubtful debts
Bank charges
Consultancy costs
Depreciation
Donations and sponsorships
Finance charges
Heat & Light
Insurance
Meeting Costs
Professional and legal fees
Printing postage and stationery
Project Costs
Rates and water
Rent
Repairs and maintenance
Software and IT costs
Sundry
Telephone
Training & Courses		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Unrestricted
£
-
115
10,854
-
20,000
-
50
-
4,235
23,257
-
13,434
599
1,112
1,317
7,308
4,280
-
-
-
-
86,561		 Restricted
£
115
1,966
160
139,702
124
3,602
282
1,200
1,352
128
82
11,625
182
282
400
161,202
Restricted
£
-
-
-
-
26,995
-
30,949
-
-
-
-
-
-
-
-
-
-
-
-
-
57,944		 2025
Total
£
115
1,966
160
139,702
124
3,602
282
1,200
1,352
128
82
11,625
182
282
400
161,202
Total
£
-
115
10,854
-
20,000
26,995
50
30,949
4,235
23,257
-
13,434
599
1,112
1,317
7,308
4,280
-
-
-
-
144,505		 2024
Total
£
115
1,716
456
122,444
14
4,490
1,168
850
1,087
735
112
7,667
80
262
300
141,496
Total
£
-
618
-
-
-
14,920
100
-
(2,665)
21,903
-
-
-
1,170
-
1,008
-
-
-
-
-
37,054

12

Bolton Muslim Welfare Trust

Notes forming part of the Financial Statements

For The Year Ending 31 March 2025

7. Details of certain items of expenditure

7.1 Trustee expenses

Trustees are not remunerated for their services and there were no out of pocket expenses paid this year.

7.2 Fees for Independent examination of the accounts

The accounts are being independently examined this year, and the independent examiner has been paid fees of £ NIL for their services.

8. Paid Employees

8.1 Staff costs

Gross wages and salaries
Employer's national insurance costs
Employer's pension costs
Redundancy costs
8.2 Average number of employees in the year.
Charitable Activities
Tangible fixed assets
Land &
Buildings
£
Cost
At 1 April 2024
746,005
Additions
603,750
Disposals
-
At 31 March 2025
1,349,755
Depreciation
At 1 April 2024
109,399
Charge for the period
26,995
Disposals
-
At 31 March 2025
136,394
Net book value
At 31 March 2025
1,213,361
At 31 March 2024
636,606		 Computer
Equipment
£
3,431
-
-
3,431
2,494
160
-
2,654
777
937		 Office
Equipment
£
-
-
-
-
-
-
-
-
-
-		 2025
£
139,702
124
-
-
139,826
2025
49
Fixtures &
Furnishings
£
-
-
-
-
-
-
-
-
-
-		 2024
£
122,444
14
-
-
122,458
2024
49
Total
£
749,436
603,750
-
1,353,186
111,893
27,155
-
139,048
1,214,138
637,543

9. Tangible fixed assets

13

Bolton Muslim Welfare Trust

Notes forming part of the Financial Statements

For The Year Ending 31 March 2025

10. Debtors and Prepayments

Debtors
Other Debtors
Prepayments
11.
Creditors: amounts falling due within one year
Accruals
Deferred Income
Other Creditors
Creditors
12.
Creditors: amounts falling due aftern one year
Long-term Loans
Qarz-E-Hasana
Other Creditors		 2025
£
60,249
2,910
1,842
65,001
2025
£
6,458
5,747
6,442
13,116
31,763
2025
£
300,000
65,010
-
365,010		 2024
£
51,250
33,311
1,749
86,310
2024
£
1,292
13,324
11,545
16,205
42,366
2024
£
-
65,010
-
65,010

13. A & Z Properties Investments Ltd holds a legal charge on the property assets of the charity on the provision of a £ 300,000 loan in July 2024 for the purchase of Ground Floor, BMWA Building, High Street, Bolton. The loan is payable within five years from date of drawdown.

14