2022-04-30-accounts

Charity number: 1045629

FAIZAN-MADINA MOSQUE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2022

FAIZAN-MADINA MOSQUE TRUST

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 - 15

FAIZAN-MADINA MOSQUE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 30TH APRIL 2022

Trustees	Abdul Muquadas Choudhuri, Chair
	Zeeshan Ahmed, Vice Chair
	Parvez Akhtar, Joint Secretary
	Mohammed Camran Arif, Treasurer
	Mohammed Raza Ulhaq, Joint Treasurer
	Artique Younus, Trustee
	Muhammad Nawaz, Trustee
	Rustam Suleman, Trustee
	Mohammad Umar Hasnain Younas, Trustee
	Yasir Majeed, Trustee
	Majid Hussain, Trustee
	Mohammed Rasheed Khan, Trustee
	Ishfaq Khan, Trustee
	Zia Ul Haq Qureshi, Trustee
	Arshad Amran Hussain, Trustee
	Muhammad Yaqub, Trustee
	Mohammed Yousaf, Trustee
	Areen Khan Tahir, Trustee

Charity registered number 1045629 Principal office 169-175 Gladstone Street Peterborough PE1 2BB

Page 1

FAIZAN-MADINA MOSQUE TRUST

TRUSTEES' REPORT FOR THE PERIOD ENDED 30TH APRIL 2022

The Trustees present their annual report together with the financial statements of the Faizan E Madina Mosque Trust for the period 1st April 2021 to 30th April 2022.

Objectives and activities

a. Policies and objectives

To provide a place of worship, education, prayer and communitte engagement for the City

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Create a warm and welcoming atmosphere, encourage engagement with a wide range of diverse events

c. Activities undertaken to achieve objectives

To undertake religious events, seminars and conferences. Daily prayers. Commumity events and educational classes and visits

d. Main activities undertaken to further the Charity's purposes for the public benefit

Provison of pastoral care, educational classes, community events aim at promoting community cohesion

Achievements and performance

a. Main achievements of the Charity

The charity continues to source new streams of income to fund pastoral and educational projects, and enables charitable giving. Undertakes appeal projects and promotes community cohesion

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The charity police is to keep at least 3 months expenses in reserve.

Structure, governance and management

Page 2

FAIZAN-MADINA MOSQUE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30TH APRIL 2022

Structure, governance and management (continued)

a. Constitution

Faizan-Madina Mosque Trust is a registered charity, number 1045629, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Statement of Trustees' 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 law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);

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

• state whether applicable UK Accounting Standards (FRS 102) 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 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.

Approved by order of the members of the board of Trustees on 1 March 2023 and signed on their behalf by:

Abdul Muquadas Choudhuri

Page 3

FAIZAN-MADINA MOSQUE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30TH APRIL 2022

Independent Examiner's Report to the Trustees of Faizan-Madina Mosque Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 30th April 2022.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 2011 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated: 1st March 2023

Page 4

FAIZAN-MADINA MOSQUE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30TH APRIL 2022

Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Raising funds Charitable activities 8 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2022 £ 181,253 183,748 1,150 57,220 423,371 175,622 178,488 354,110 69,261 3,800,722 69,261 3,869,983	Restricted funds 2022 £ 22,355 - - - 22,355 - 22,405 22,405 (50) - (50) (50)	Total funds 2022 £ 203,608 183,748 1,150 57,220
			445,726
			175,622 200,893
			376,515
			69,211
			3,800,722 69,211
			3,869,933

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 7 to 15 form part of these financial statements.

Page 5

FAIZAN-MADINA MOSQUE TRUST

BALANCE SHEET AS AT 30TH APRIL 2022

Note Fixed assets Investment property 13 Properties owned Current assets Cash at bank and in hand Creditors Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds	316,032 316,032 (17,191)	30 April 2022 £ 3,571,093 3,571,093 298,841 3,869,934 3,869,934 3,869,934 (350) 3,870,284 3,869,934

The financial statements were approved and authorised for issue by the Trustees on 01 March 2023 and signed on their behalf by:

Abdul Muquadas Choudhuri

The notes on pages 7 to 15 form part of these financial statements.

Page 6

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

1. General information

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2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Faizan-Madina Mosque Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

Page 7

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

2. Accounting policies (continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.7 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 8

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

2. Accounting policies (continued)

2.8 Pensions

2.9 Fund accounting

General funds are unrestricted funds which 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 costs 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.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted funds 2022 £ Donations 173,238 Legacies - Government grants 6,670 Similar incoming resources 1,345 181,253	Restricted funds 2022 £ - 22,355 - - 22,355	Total funds 2022 £ 173,238 22,355 6,670 1,345
		203,608

4. Income from charitable activities

Unrestricted funds 2022 £ Income from charitable activities - Direct costs - Activities (Activity 1) 49,204 Income from charitable activities - Direct costs - Activity 2 76,544 Income from charitable activities - Direct costs - Activity 3 56,000 Income from charitable activities - Direct costs - Activity 4 2,000 183,748	Total funds 2022 £ 49,204 76,544 56,000 2,000
	183,748

Page 9

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

5. Income from other trading activities

Income from non charitable trading activities

	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
Charity trading income - Domestic	1,150	1,150

6. Investment income

Unrestricted funds 2022 £ Investment income - local investment properties 57,220 Analysis of grants Grants to Individuals 2022 £ Grants, Direct costs - Activities (Activity 1) 22,405	Total funds 2022 £ 57,220
	Total funds 2022 £ 22,405

7. Analysis of grants

8. Analysis of expenditure on charitable activities Summary by fund type

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		£	£	£
Direct costs - Activities (Activity	1)	178,488	22,405	200,893

Page 10

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

9. Analysis of expenditure by activities

		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2022	2022	2022	2022
		£	£	£	£
Direct costs - Activities (Activity	1)	19,452	22,405	159,036	200,893

10. Independent examiner's remuneration

11. Staff costs

Staff Costs Wages and salaries Contribution to defined contribution pension schemes	2022 £ 157,057 1,979
	159,036

The average number of persons employed by the Charity during the period was as follows:

No employee received remuneration amounting to more than £60,000 in either year.

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12. Trustees' remuneration and expenses

During the period, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the period ended 30th April 2022, no Trustee expenses have been incurred (2021 - £NIL) .

13. Investment property

Page 11

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

13. Investment property (continued)

Charity (continued)

Valuation At 1 April 2021 At 30th April 2022 Enter text here - user input	Freehold investment property £ 3,571,093
	3,571,093

14. Creditors: Amounts falling due within one year

Creditors due within one year Other taxation and social security Accruals and deferred income	30 April 2022 £ 812 16,379
	17,191

15. Financial instruments

Financial assets Financial assets measured at fair value through income and expenditure Financial assets measured at fair value through income and expenditure comprise….	30 April 2022 £ 316,032

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FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

16. Statement of funds

Statement of funds - current period Balance at 1st April 2021 £ Unrestricted funds Reserves 3,803,001 Unallocated amounts - 3,803,001 Restricted funds - Class II Unallocated amounts - Total of funds 3,803,001	Income £ - 423,371 423,371 - 423,371	Expenditure £ - (356,088) (356,088) - (356,088)	Transfers in/out £ - - - (350) (350)	Balance at 30th April 2022 £ 3,803,001 67,283 3,870,284 (350) 3,869,934
Unrestricted funds Reserves Unallocated amounts Restricted funds - Class II Unallocated amounts Total of funds

Page 13

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

16. Statement of funds (continued)

Statement of funds - prior period

Income £ Balance at 31st March 2021 £	Income £ Balance at 31st March 2021 £
Total differs from the current year brought forward balance (Unrestricted funds)	3,803,001

17. Summary of funds

Summary of funds - current period

General funds Restricted funds - Class II	Balance at 1st April 2021 £ 3,803,001 - 3,803,001	Income £ 423,371 - 423,371	Expenditure £ (356,088) - (356,088)	Transfers in/out £ - (350) (350)	Balance at 30th April 2022 £ 3,870,284 (350) 3,869,934

Summary of funds - prior period

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds 30 April 2022 £ Investment property 3,571,093 Current assets 316,032 Creditors due within one year (16,891) Difference 50 Total 3,870,284	Restricted funds - class ii 30 April 2022 £ - - - (350) (350)	Total funds 30 April 2022 £ 3,571,093 316,032 (16,891) 300 3,869,934

Page 14

FAIZAN-MADINA MOSQUE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH APRIL 2022

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Investment property Total	Unrestricted funds 31 March 2021 £ 3,571,093 3,571,093	Total funds 31 March 2021 £ 3,571,093
		3,571,093

19. Pension commitments

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