| Pages | ||
|---|---|---|
| Trustees' annual report |
1to3 | |
| Trustees' responsibilities statement |
||
| Independent auditor's |
report to the members | 5to 8 |
| Statement offinancial |
activities | |
| Statement offinancial |
position | 10 |
| Notes to the financial | statements | 11 to 17 |
| The following pages |
do not form part ofthe financial statements: | |
| Detailed statement of |
financial activities | 18to 19 |
| Registered | charity | name | Islamic Trust | (Maidenhead) | (Maidenhead) | (Maidenhead) | |
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1034710 | |||||
| Principal office | The Mosque | ||||||
| Holmanleaze | |||||||
| Maidenhead | |||||||
| SL6 SAW | |||||||
| Berkshire | |||||||
| The trustees | |||||||
| Saghir Ahmed | |||||||
| Sajid Ali Khan | |||||||
| Abid Bhatti | |||||||
| Mohammed | Riaz | Choudhary | |||||
| M Riaz | |||||||
| Z Mahiudin | |||||||
| A Mahmood | |||||||
| WAzam | |||||||
| M A Butt | |||||||
| Charity secretary | Sajid Ali Khan | ||||||
| Auditor | Almas Consulting | Ltd T/A Meridian | Insight | ||||
| Accountants | & Statutory | Auditors | |||||
| Unit 15A, Slough | Business Park | ||||||
| 94 Farnham | Road | ||||||
| Slough | |||||||
| Berkshire | |||||||
| SL1 3FQ |
| Year end | ed 31 March | 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 6 | 6 | |||||
| Income and endowments | |||||||
| Donations | 4 | 306,793 | 115,425 | 422,218 | 237,056 | ||
| Other activities | 5 | 5,000 | |||||
| Total income | 306,793 | 115,425 | 422,218 | 242,056 | |||
| Expenditure | |||||||
| Expenditure to |
relieve poverty: | ||||||
| Charitable | payments | 6 | 28,450 | 28,450 | 5,555 | ||
| Governance costs |
7 | 139,598 | 139,598 | 114,840 | |||
| Other expenditure | 8 | 7,487 | 7,487 | ||||
| Total expenditure | 147,085 | 28,450 | 175,535 | 120,395 | |||
| Net income | 159,708 | 66,975 | 246,683 | 121,661 | |||
| Transfers between |
funds | 29,633 | (29,633) | ||||
| Net movement | in funds | 189,341 | 57,342 | 246,683 | 121,661 | ||
| Reconciliation | offunds | ||||||
| Total funds brought | forward | 1,724,898 | 1,548,290 | 3,273,188 | 3,151,527 | ||
| Total funds carried forward | 1,914,239 | 1,605,632 | 3,519,871 | 3,273,188 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | F | |||||||
| Fixed assets | ||||||||
| Tangible fixed assets |
1,286,350 | 1,246,812 | ||||||
| Current assets | ||||||||
| Debtors | 15 | 3,188 | 3,163 | |||||
| Cash at bank | and | in | hand | 2,262,983 | 2,056,100 | |||
| 2,266,171 | 2,059,263 | |||||||
| Creditors: amounts | falling | due within one year | 16 | 32,650 | 32,887 | |||
| Net current | assets | 2,233,521 | 2,026,376 | |||||
| Total assets | less | current | liabilities | 3,519,871 | 3,273,188 | |||
| Net assets | 3,519,871 | 3,273,188 | ||||||
| Funds ofthe | charity | |||||||
| Restricted funds |
1,605,632 | 1,548,290 | ||||||
| Unrestricted | funds | 1,914,239 | 1,724,898 | |||||
| Total charity | funds | 17 | 3,519,871 | 3,273,188 |
| Donations | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| 6 | 6 | ||||||
| Donations | |||||||
| Public general | donations | 306,793 | 86,695 | 393,688 | |||
| Zakat, fitrana | and appeals | income | 28,530 | 28,530 | |||
| 306,793 | 115,425 | 422,218 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| F | |||||||
| Donations | |||||||
| Public general | donations | 205,411 | 19,431 | 224,842 | |||
| Zakat, fitrana | and appeals | income | 12,214 | 12,214 | |||
| 217,625 | 19,431 | 237,056 | |||||
| Other trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| 6 | 6 | ||||||
| Fundraising | events income | 5,000 | 5,000 |
| 6. | Expenditure | on relieve | of | of | poverty | poverty | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds F |
Funds f |
2023 f |
|||||||||
| Zakat, fitrana | and appeals | paid out | 28,450 | 28,450 | |||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2022 | |||||||||
| F | f | f | |||||||||
| Zakat, fitrana | and appeals | paid out | 5,555 | 5,555 | |||||||
| 7. | Expenditure | on charity | activities | ||||||||
| Support | Total funds | Total fund | |||||||||
| costs f |
2023 f |
2022 f |
|||||||||
| Governance | costs | 139,598 | 139,598 | 114,840 | |||||||
| 8. | Other expenditure | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds f |
2023 f |
Funds f |
2022 f |
||||||||
| Loss on disposal of tangible | fixed | ||||||||||
| assets held for charity's | own use | 7,487 | 7,487 | ||||||||
| 9. | Net income | ||||||||||
| Net income is stated after | charging/(crediting): | ||||||||||
| 2023 f |
2022 | ||||||||||
| Depreciation | oftangible | fixed assets | 7,676 | 8,103 | |||||||
| Loss on disposal oftangible | fixed | assets | 7,487 | ||||||||
| 10. | Auditors remuneration |
||||||||||
| 2023 f |
2022 f |
||||||||||
| Fees payable | for the audit | ofthe financial | statements | 4,800 | |||||||
| 11. | Independent | examination | fees | ||||||||
| 2023 f |
2022 f |
||||||||||
| Fees payable | to the independent | examiner | for: | ||||||||
| Independent | examination | ofthe financial | statements | 120 |
| Staffcosts | Yea | Yea | r ended 3 | r ended 3 | 1 March 2 | 0 | 23 | 23 |
|---|---|---|---|---|---|---|---|---|
| The total staff costs | and employee | benefits for | the reporting | period are analysed as follows: |
||||
| 2023 f |
2022 f |
|||||||
| Wages and salanes | 25,000 | 20,000 | ||||||
| Social security costs | 563 | 413 | ||||||
| 25,563 | 20,413 | |||||||
| The average head |
count of employees | during | the year was | 1 (2022: 1).The average | number of |
|||
| full-time equivalent |
employees | during | the year | is analysed | as follows: | |||
| 2023 | 2022 | |||||||
| No. | No. | |||||||
| Imam | 1 | 1 |
| Land and | Fixtures and | Motor | |||
|---|---|---|---|---|---|
| buildings f |
fittings F |
vehicles f |
Total f |
||
| Cost | |||||
| At 1 April 2022 | 1,239,244 | 96,043 | 700 | 1,335,987 | |
| Additions | 45,553 | 9,146 | 54,699 | ||
| Disposals | (28,694) | (700) | (29,394) | ||
| At 31 March | 2023 | 1,284,797 | 76,495 | 1,361,292 | |
| Depreciation | |||||
| At 1 April 2022 | 17,975 | 70,865 | 335 | 89,175 | |
| Charge for the year | 3,595 | 4,081 | 7,676 | ||
| Disposals | (21,574) | (335) | (21,909) | ||
| At 31 March | 2023 | 21,570 | 53,372 | 74,942 | |
| Carrying amount |
|||||
| At 31 March | 2023 | 1,263,227 | 23,123 | 1,286,350 | |
| At 31 March | 2022 | 1,221,269 | 25,178 | 365 | 1,246,812 |
| Debtors | |||||
| 2023 | 2022 f |
||||
| Prepayments | and accrued income | 3,188 | 3,163 |
| Creditors: amounts falling due within one year |
||
|---|---|---|
| 2023 | 2022 | |
| 6 | 6 | |
| Qarz-e-Hasana | 25,000 | |
| Trade creditors | 21,243 | |
| Accruals | 4,800 | 120 |
| Social security and other taxes | 1,103 | 109 |
| Other creditors | 5,504 | 7,858 |
| 32,650 | 32,887 |
| Unrestricte | d funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| At | ||||||||
| At | 31 March | 20 | ||||||
| 1 April 2022 | Income | Expenditure | Transfers | 23 | ||||
| F | F | F | F | |||||
| General funds | 1,724,898 | 306,793 | (147,085) | 29,633 | 1,914,239 | |||
| At | ||||||||
| At | 31 March | 20 | ||||||
| 1 April 2021 f |
Income 5 |
Expenditure F |
Transfers 6 |
F | 22 | |||
| General funds | 1,622,688 | 222,625 | (120,395) | 1,724,898 | ||||
| Restricted | funds | |||||||
| At | ||||||||
| At | 31 March | 20 | ||||||
| 1 April 2022 6 |
Income f |
Expenditure 6 |
Transfers | 23 | ||||
| Restricted | Fund | 1,548,290 | 115,425 | (28,450) | (29,533) | 1,605,632 | ||
| At | ||||||||
| At | 31 March | 20 | ||||||
| 1 | April 2021 6 |
Income E |
Expenditure F |
Transfers f |
F | 22 | ||
| Restricted | Fund | 1,528,859 | 19,431 | 1,548,290 |
| Analysis of net as | sets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| 6 | F | 6 | ||
| Tangible fixed assets | 1,286,350 | 1,286,350 | ||
| Current assets | 660,539 | 1,605,632 | 2,266,171 | |
| Creditors less than | 1 year | (32,650) | (32,650) | |
| Net assets | 1,914,239 | 1,605,632 | 3,619,871 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| F | 6 | 6 | ||
| Tangible fixed assets | 1,246,812 | 1,246,812 | ||
| Current assets | 2,059,263 | 2,059,263 | ||
| Creditors less than | 1 year | (32,887) | (32,887) | |
| Net assets | 3,273,188 | 3,273,188 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| E | 2 | ||||
| Income | |||||
| Donations | |||||
| Public general donations | 393,688 | 224,842 | |||
| Zakat, fitrana and appeals | income | 28,530 | 12,214 | ||
| 422,218 | 237,056 | ||||
| Other trading activities |
|||||
| Fundraising events income |
5,000 | ||||
| Total income | 422,218 | 242,056 | |||
| Expenditure | |||||
| Costs of poverty relief | |||||
| Zakat, fitrana and appeals | paid out | 28,450 | 5,555 | ||
| Expenditure on charitable |
activities | ||||
| Wages and salaries | 25,000 | 20,000 | |||
| Employer's pension |
583 | 413 | |||
| Premises costs | 23 227 | 9,876 | |||
| Audit fees, consultancy | and freelance teachers | 55,917 | 45,604 | ||
| Costs ofevents and activities | 12,985 | 10,839 | |||
| General expenses | 1,900 | 3,313 | |||
| Masjid cleaning | 7,200 | 7,201 | |||
| Depreciation | 7,576 | 8,103 | |||
| Bank interest payable | and similar charges | 271 | 489 | ||
| Repairs and maintenance | (2,859l | 1,353 | |||
| Insurance | 5,440 | 4,641 | |||
| Telephone and IT |
919 | 750 | |||
| Printing, postage and |
stationery | 1,359 | 2,256 | ||
| 139,598 | 114,840 | ||||
| Other expenditure | |||||
| Loss on disposal of tangible | fixed assets held for charity's | own use | 7,487 | ||
| Total expenditure | 175,535 | 120,395 | |||
| Net income | 246,883 | 121,661 |