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|||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|
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|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|||||
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||||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|
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|||||||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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|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||
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|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|
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|||||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|