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2024-03-31-accounts

Central Oxford Mosque Society Registered Charity No. 1029645

Financial Statements for the year ended 31st March 2024

Wenn Townsend Chartered Accountants and Statutory Auditor 30 St Giles’ Oxford OX1 3LE

Central Oxford Mosque Society

Index to the Financial Statements

for the year ended 31st March 2024

Page
Annual Report 1 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 15

Central Oxford Mosque Society

Annual Report for the year ended 31st March 2024

The Trustees are pleased to present their report and the financial statements of the Central Oxford Mosque Society (“COMS”) for the year ended 31st March 2024.

The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

Legal and Administrative Information

Central Oxford Mosque Society is registered with the Charity Commissioners (No. 1029645)

The Charity is administered by a Board of Trustees. The Trustees who served during the year were as follows:-


follows:-
Chair Mr F Choudhary
Treasurer Mr N Shan
Vice Chair Mr M Anwar
Secretary Mr N Hussain
Other Trustees Mr A Ahmed
Mr M Nawaz
Mr F Aziz
Mr A Jan
Mr S Rana
Mr A Dogar
Mr W Dogar
Mr A Rehman
Mr A Rana

The Charity provides introduction material and training as required by new Trustees.

Objectives, Organisation and Activities

The objectives of the charity are set out in the charity’s trust deed and are summarized as follows:

  1. The Society shall promote Islam by the teaching of the Quran and the Hadith as preached by our Holy Prophet Mohammed (peace be upon Him) and the Ehle Sunnah wal Jama’a Hanafi Islamic faith (hereinafter referred to as “the Faith”) as defined by reference to the works of:

  2. i. Ghaous-e-Azam Sheikh Abdul Qadir Jilani

  3. ii. Sheikh Abdul Haque Muhaddis-e-Dehlvi

  4. iii. Daata Ali Hajveri

  5. iv. Shahe Naqsh Bund

  6. v. Khwaja Mueen-ud-Din Chishti Ajmeri

  7. vi. Imaam Ahmed Raza Khan Barelvi

  8. The Society shall promote the teachings of “the Faith” by reference to the special gatherings (listed below but not exclusive) which must be celebrated regularly at the appropriate times within the Islamic calendar:

  9. i. Milaad-un-Nabi

  10. ii. Meraaj-un-Nabi iii. Shab-e-Qadar

  11. iv. Eisaal-e-Sawaab

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Central Oxford Mosque Society

Annual Report for the year ended 31st March 2024 (continued)

Object, Organisation and Activities (continued)

  1. To achieve the above objectives, the Society shall make sure the following provisions are available:

  2. i. Appropriate venues (e.g. Manzil Way Mosque, Bath Street Mosque and/or Community Centre) and their maintenance for various Islamic/faith duties and activities

  3. ii. Appropriate Imams/teachers for the teaching/education of the Muslim Community (and anyone else who is interested to learn) in the doctrines and practices of “the Faith”

  4. iii. Appropriate materials, written or electronic, in various languages in the Mosque (or any other appropriate venue) to aid in promoting and increasing the knowledge of “the Faith”.

To achieve the above objectives and for no other reason, the Society may:

Activities and achievements

How our activities deliver public benefit

A wide range of activities are carried out in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit both to those who worship at our Mosque and the wider community of Oxford.

Religious activities

Prayers : The Mosque is open for the five daily prayers all day and Fridays Jumma Prayer.

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Central Oxford Mosque Society

Annual Report for the year ended 31st March 2024

Activities and achievements (continued)

Other key activities of the centre include:

School visits: Central Oxford Mosque society regularly organises tours and lectures for local schools. We have schools from all over Oxfordshire tour and excellent feedback is always received from teachers and pupils on their experience. The Mosque is always open to requests for school visits.

Interfaith: Central Oxford Mosque Society takes part in inter-community activities and dialogue. We also participate in the annual multi faith walk across the city and provide refreshments for the participants. We also invite interfaith members, Councillors and other community Mosque members during the month of Ramadan for Iftar (breaking the fast) and for other special events.

Iftari: During the month of Ramadan we provide Iftari for between 100-500 people daily.

Food for needy: Central Oxford Mosque regularly donates food to the local Homeless shelter.

Funeral Services: Since the completion of our Mortuary we have been able to provide a more comprehensive service to include storage in our cold room, full Islamic Ghusal, Janazah Salah. The deceased’s family have also been given the facility of our bereavement room where the families may grieve and pray for their deceased.

Nikkah: Central Oxford Mosque provides Muslim couples with an appropriate location for their Islamic marriage (Nikah) and strongly encourages all couples to register their marriages in accordance with English law to ensure legally.

Zakat: One of the fundamentals of Islam is that all who have suitable means should offer Zakat. Zakat does not need to be distributed through a Mosque but Central Oxford Mosque does offer the community the opportunity to contribute to a Zakat fund. All of the Zakat collected is treated as a restricted fund and distributed in a carefully controlled manner to registered charities. The Mosque makes no charge for the collection and distribution of Zakat and measures are taken to ensure there are no conflicts of interest.

Summary of Activities: In summary Central Oxford Mosque has become an active focal point for the community. In addition to being a place of worship and in pursuance of its charitable aims, it offers a broad range of activities, events and services to meet the needs of the diverse community.

Finances and Reserves Policy

The main source of funding of the Mosque is by way of donation from the community. The donations are collected in the Mosque on Fridays and other days and also by regular standing orders. The incoming resources from generated funds was £323,382 (2023: £287,177) and from charitable activities £15,580 (2023: £16,903).

Total charitable income has increased to £340,260 (2023: £304,269). Total expenditure has increased to £407,297 (2023: £392,621). This has resulted in a deficit for the year of £67,037 (2023: deficit of £88,352). Expenditure includes £60,000 of an annual depreciation charge on the building, the deficit excluding depreciation is £7,037 (2023: a deficit of £28,352).

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Central Oxford Mosque Society

Annual Report for the year ended 31st March 2024

Reserves policy

The trustees have reviewed the reserve of the Charity. The reserve policy is that the Charity holds enough funds to cover the operating costs for at least 12 months, excluding collection and distribution of Zakat and other restricted funds.

Plans for future periods

Finances / Fundraising: Further fundraising events are planned to improve the mosque and its services.

Wudu Area refurbishment: Central Oxford Mosque are planning to refurbish the wudu facilities for both the brothers and sisters.

Expansion of the Madrassa: Central Oxford Mosque hope to continue in their expansion of these services by investing more in the madrassa to enable more children to benefit both in terms of their religious education as well as their general academic progress and core skills.

Library: Central Oxford Mosque hope to designate an area within the Mosque for a Islamic library.

Community Engagement: Efforts are underway and COM are encouraging wider community engagement and contribution from its congregation at a local level addressing local issues and needs. COM also are seeking to support social welfare initiatives working alongside other local charities, as well as supporting and delivering on community health as well as environmental initiatives. This remains a priority.

Youth - Sisters - Seniors: With more recreational as well as educational activities planned for all members of the congregation, increasing the participation and engagement of 'all' is fundamental to the success of COM.

Risk Management

The trustees have examined the major strategic, business and operational risks which the Charity faces or may face, and confirm that insurances and systems are in place to mitigate any such risks.

Covid-19 has introduced additional uncertainty into the Charity’s operations. The Trustees have made efforts to mitigate the risks by following government guidelines with regards to the virus. The financial implications cannot be reliably estimated at this stage, though the Trustees feel the steps taken are appropriate and sufficient to mitigate any risk to going concern. A full risk management assessment is completed at least once a year.

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Central Oxford Mosque Society

Annual Report for the year ended 31st March 2024

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual 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 & Wales requires the Trustees to prepare financial statements for each financial 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:

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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.

On Behalf of the Trustees

………………………………. N Shan (Treasurer)

31st January 2025

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Central Oxford Mosque Society

Independent Examiner's Report for the year ended 31st March 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Mr L J Baker FCA Wenn Townsend 30 St Giles’ Oxford OX1 3LE

31st January 2025

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Central Oxford Mosque Society

Statement of Financial Activities For the year ended 31st March 2024

Unrestricted Designated Restricted Total Unrestricted Designated Restricted Total
Note funds funds funds 2024 funds funds funds 2023
£ £ £ £ £ £ £ £
Incoming Resources
Donation income 2 271,789 - 51,593 323,382 231,327 - 55,850 287,177
Charitable activities 3 15,580 - - 15,580 16,903 - - 16,903
Investment income – bank interest 1,298 - - 1,298 189 - - 189
────── ────── ────── ────── ────── ────── ────── ──────
Total Incoming Resources 288,667 - 51,593 340,260 248,419 - 55,850 304,269
══════ ══════ ══════ ══════ ══════ ══════ ══════ ══════
Resources Expended
Charitable activities 4 286,053 90,421 30,823 407,297 246,350 90,421 55,850 392,621
────── ────── ────── ────── ────── ────── ────── ──────
Total Resources Expended 286,053 90,421 30,823 407,297 246,350 90,421 55,850 392,621
══════ ══════ ══════ ══════ ══════ ══════ ══════ ══════
Net Incoming Resources 2,614 (90,421) 20,770 (67,037) 2,069 (90,421) - (88,352)
Fund Transfers (20,638) 20,638 - - - - - -
Total Funds Brought Forward at 1st April 448,253 2,490,421 - 2,938,674 446,184 2,580,842 - 3,027,026
────── ────── ────── ────── ────── ────── ────── ──────
Total Funds Carried Forward at 31st March 450,867 2,420,638 132 2,871,637 448,253 2,490,421 - 2,938,674
══════ ══════ ══════ ══════ ══════ ══════ ══════ ══════

The notes on pages 9 to 15 form an integral part of these accounts

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Central Oxford Mosque Society

Balance Sheet as at 31st March 2024

Note 2024 2023
£ £ £ £
Fixed Assets
Freehold Properties 7 2,400,000 2,460,000
Equipment 7 - 30,421
Motor Vehicles 7 20,638 -
─────── ───────
2,420,638 2,490,421
Current Assets
Debtors 8 6,621 -
Cash at bank and in hand 449,778 458,603
─────── ───────
456,399 458,603
Current Liabilities
Creditors: Amounts falling
due within one year 9 (5,400) (10,350)
─────── ───────
Net Current Assets 450,999 448,253
─────── ───────
Net Assets 2,871,637 2,938,674
═══════ ═══════
Represented By:
Unrestricted Income Funds 11 450,867 448,253
Designated Funds 11 2,420,638 2,490,421
Restricted Funds 11 132 -
─────── ───────
Total Funds 2,871,637 2,938,674
═══════ ═══════

These accounts were approved at a meeting of the Trustees held on 31st January 2025.

……………………………… N Shan (Treasurer)

The notes on pages 9 to 15 form an integral part of these accounts

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Central Oxford Mosque Society

Notes to the Financial Statements

for the year ended 31st March 2024

1. Accounting Policies

(a) Basis of Preparation

The charity constitutes a public benefit entity as defined by FRS 102. These accounts have been prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as cash is received or paid. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Activities

The financial statements include the results of the Charity's operations as described in the Annual Report and all of which are continuing.

(c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Rental income is recognised on a per diem basis with any rentals in respect of future periods deferred accordingly (see note 9)

(d) Expenditure recognition

Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

(e) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. All support costs have been allocated to charitable activities in the current and previous year.

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Central Oxford Mosque Society

Notes to the Financial Statements (continued) for the year ended 31st March 2024

1. Accounting Policies (continued)

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

(g) Value Added Tax

Value added tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.

Certain of the properties owned by the Charity are let at below market rent to such bodies as St Clements Parish Church. The Trustees regard this element of subsidy as contributing to the social welfare of the greater community of St Clements which it serves, namely youth work and work in relation to children and the elderly. This aspect of the Charity’s work is described in more detail in the Trustees’ Annual Report which accompanies the Accounts.

(i) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold land and buildings - Straight line over 50 years Equipment - Straight line over 5 years

Freehold land and buildings are maintained in a sufficient standard of upkeep that the impact of depreciation is considered to be immaterial. As such no depreciation is charged.

(k) Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

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Central Oxford Mosque Society

Notes to the Financial Statements (continued) for the year ended 31st March 2024

1. Accounting Policies (continued)

(m) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. They have concluded that the budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. Donation Income

Donation Income Donation Income
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Individual Donations 106,786 - 11,692 118,478 107,575
Corporate Donations 3,463 - 150 3,613 3,107
Friday Collections 99,437 - - 99,437 117,254
Zakat/Fitrana - - 26,161 26,161 13,976
Milad/ Ghariywain/ Ramadan 46,350 - - 46,350 29,501
Other 12,663 - 13,590 26,253 10,694
Gifts (revenue) 3,090 - - 3,090 5,070
───── ───── ───── ───── ─────
271,789 - 51,593 323,382 287,177
═════ ═════ ═════ ═════ ═════

3. Income from Charitable Activities

Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £
Education 12,320 - - 12,320 13,945
Radio - - - - 2,288
Nika Hadya 1,100 - - 1,100 670
Hospitality 2,160 - - 2,160 -
───── ───── ───── ───── ─────
15,580 - - 15,580 16,903
═════ ═════ ═════ ═════ ═════

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Central Oxford Mosque Society

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

4. Cost of Activities in furtherance of the Charity’s Objects

Unrestricted Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Accountancy 4,950 - - 4,950 4,950
Advertising and marketing 2,224 - - 2,224 3,075
Bank Charges 2,138 - - 2,138 3,031
Charitable grants - - 26,161 26,161 55,850
Cleaning 13,290 - - 13,290 5,153
Depreciation - 90,421 - 90,421 89,813
Education Materials - - - - 880
Equipment (overhead) 1,596 - - 1,596 -
Funeral expenses - - 4,025 4,025 -
Gifts 4,450 - - 4,450 6,510
Heat, Light and water 41,530 - - 41,530 18,416
Hospitality (overhead) 49,742 - - 49,742 30,784
Insurance 5,432 - - 5,432 4,730
Legal and professional fees 10,907 - - 10,907 3,568
Motor expenses 2,552 - - 2,552 -
Printing and stationary - - - - -
Repairs and Maintenance 36,834 - - 36,834 18,466
Sundry Expenses 617 - 637 1,254 1,633
Telephone 1,368 - - 1,368 -
Wages and salaries 108,423 - - 108,423 145,762
───── ───── ───── ───── ─────
286,053 90,421 30,823 407,297 392,621
═════ ═════ ═════ ═════ ═════
5. Governance Costs
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Independent Examiner’s fees 4,950 - - 4,950 4,950
───── ───── ───── ───── ─────
4,950 - - 4,950 4,950
═════ ═════ ═════ ═════ ═════

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Central Oxford Mosque Society

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

6. Trustees’ Remuneration and Expenses and Key Management Personnel

The average number of employees during the year was 2 (2023: 2) with all employee time involved in providing either support to the governance of the charity or support services to charitable activities.

The Charity considers its key management personnel comprise the Board of Trustees (who give up their time freely).

No employees had employee benefits in excess of £60,000 in the current or prior year.

7. Fixed assets

Land and Motor
buildings Equipment vehicles Total
£ £ £ £
Cost
At 1st April 2023 3,000,000 163,466 - 3,163,466
Additions - - 20,638 20,638
─────── ─────── ─────── ───────
At 31st March 2024 3,000,000 163,466 20,638 3,184,104
═══════ ═══════ ═══════ ═══════
Depreciation
At 1st April 2023 540,000 133,045 - 673,045
Charge for the year 60,000 30,421 - 89,813
─────── ─────── ─────── ───────
At 31st March 2024 600,000 163,466 - 763,466
═══════ ═══════ ═══════ ═══════
Carrying amount
At 31st March 2024 2,400,000 - 20,638 2,420,638
═══════ ═══════ ═══════ ═══════
At 31st March 2023 2,460,000 30,421 - 2,490,421
═══════ ═══════ ═══════ ═══════
8. Debtors
2024 2023
£ £
Prepayments and accrued income 6,621 -
───── ─────
6,621 -
═════ ═════

9. Liabilities: amounts falling due within one year

2024 2023
£ £
Accruals 5,400 10,350
───── ─────
5,400 10,350
═════ ═════

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Central Oxford Mosque Society

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

10. Statement of funds

Statement of funds
2024 Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Unrestricted Funds
General Fund 448,253 288,667 (286,053) - 450,867
Designated Funds
Fixed Assets Fund 2,490,421 - (90,421) 20,638 2,420,638
Restricted Funds
Special Collections - 26,161 (26,161) - -
Funerals Fund - 25,432 (4,662) (20,638) 132
─────── ─────── ─────── ─────── ───────
2,983,674 304,269 (392,621) - 2,871,637
═══════ ═══════ ═══════ ═══════ ═══════
2023 Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
Unrestricted Funds
General Fund 446,184 248,419 (246,350) - 448,253
Designated Funds
Fixed Assets Fund 2,580,842 - (90,421) 2,490,421
Restricted Funds
Special Collections - 55,850 (55,850) - -
─────── ─────── ─────── ─────── ───────
3,027,026 304,269 (392,621) - 2,983,674
═══════ ═══════ ═══════ ═══════ ═══════

Unrestricted funds – those funds which the Trustees are free to use in accordance with the objects of the Charity.

Designated property fund – this is the value of the property as identified at the date of transition to FRS 102 (1st April 2014) less depreciation charged to date on a straight line basis.

Restricted funds – these are funds given for a specific purpose as defined by the donor.

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Central Oxford Mosque Society

Notes to the Financial Statements (continued)

for the year ended 31st March 2024

11. Summary of Net Assets by Funds

Summary of Net Assets by Funds
Unrestricted Designated Restricted
Funds Funds Funds Total
£ £ £ £
2024
Fixed assets - 2,420,638 - 2,420,638
Net current assets 450,867 - 132 450,999
─────── ─────── ─────── ───────
450,867 2,420,638 - 2,871,637
═══════ ═══════ ═══════ ═══════
Unrestricted Designated Restricted
Funds Funds Funds Total
£ £ £ £
2023
Fixed assets - 2,490,421 - 2,490,421
Net current assets 448,253 - - 448,253
─────── ─────── ─────── ───────
448,253 2,490,421 - 2,938,674
═══════ ═══════ ═══════ ═══════

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