Registered Charity Number: 1045629
- FAIZAN E MADINA MOSQUE COMMITTEE (TRUST) a Charitable Incorporated Organisation
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR END 30 April 2023
Faizan-E Madina Mosque Committee (Trust) 169-175 Gladstone Street Peterborough PE1 2BN treasurer@faizanemadina.org www.faizanemadina.org Tel: 01733567285 Mob: 07493147793
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
CONTENTS
FEM
FOR THE YEAR ENDED 30 April 2023
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST) REFERENCE AND ADMINISTRATIVE INFORMATION
FEM
FOR THE YEAR ENDED 30 April 2023
Trustees
Abdul Muquadas Choudhuri (Chairman) Zeeshan Ahmed, (Vice Chairman) Sajjad Ahmed (Secretary) 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
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
REFERENCE AND ADMINISTRATIVE INFORMATION
FEM
FOR THE YEAR ENDED 30 April 2023
Principal office
169-175 Gladstone Street
Peterborough
PE1 2BN
Principle Bankers
Al Rayan Bank
Secondary Bankers
NatWest Bank
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2023
Trust for the period 1st April 2022 to 30th April 2023
Objectives and activities Policies and objectives
To provide a place of worship, education, prayer and community 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. Community events and educational classes and visits
d. Main activities undertaken to further the Charity's purposes for the public benefit
Provision 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 policy is to keep at least 3 months expenses in reserve.
Structure, governance and management
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
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2023
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 gives 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:
Date..............................
Signed on their behalf by
....................................................................................
Chairman
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
FEM
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 April 2023
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 2023.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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:
Aasiyah Joseph
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
INDEPENDENT EXAMINER'S REPORT
FEM
FOR THE YEAR ENDED 30 April 2023
For & on Behalf of aa Chartered Accountants Dated:
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
FEM
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 April 2023
| Recommended categories by activity Notes Incoming resources Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Other 5 Total Resources expended Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Restricted income funds £ Total Funds 2023 £ Total Funds 2022 £ 409,967.62 37,718.00 447,685.62 202,263.00 111,979.36 - 111,979.36 173,748.00 45,856.34 - 45,856.34 58,565.00 - - - 1,150.00 |
|---|---|
| 567,803.32 37,718.00 605,521.32 435,726.00 |
|
| 34,745.54 - 34,745.54 - 270,371.85 - 270,371.85 376,515.00 3,804.06 34,140.00 37,944.06 - |
|
| 308,921.45 34,140.00 343,061.45 376,515.00 |
|
| 258,881.87 3,578.00 262,459.87 59,211.00 258,881.87 3,578.00 262,459.87 59,211.00 |
|
| 258,881.87 3,578.00 262,459.87 59,211.00 |
|
| 3,869,934.00 - 3,869,934.00 |
|
| 4,128,815.87 3,578.00 4,132,393.87 59,211.00 |
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
FOR THE YEAR ENDED 30 April 2023
BALANCE SHEET
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| Recommended categories by activity Notes Fixed assets Tangible assets 9 Total fixed assets Current assets Cash at bank and in hand 10 Total current assets Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Total assets less current liabilities Total net assets or liabilities Funds of the Charity Unrestricted funds 12 Restricted income funds 12 Endowment funds 12 Total funds |
Unrestricted funds £ Restricted income funds £ Total Funds 2023 £ Total Funds 2022 £ 3,571,093.00 - 3,571,093.00 3,571,093.00 |
|---|---|
| 3,571,093.00 - 3,571,093.00 3,571,093.00 |
|
| 578,907.87 - 578,907.87 316,032.00 578,907.87 - 578,907.87 316,032.00 17,607.00 - 17,607.00 17,191.00 561,300.87 - 561,300.87 298,841.00 |
|
| 4,132,393.87 - 4,132,393.87 3,869,934.00 |
|
| 4,132,393.87 - 4,132,393.87 3,869,934.00 |
|
| 4,128,815.87 4,128,815.87 3,869,934.00 3,578.00 3,578.00 - - - |
|
| 4,128,815.87 3,578.00 4,132,393.87 3,869,934.00 |
The financial statements were approved by the Board on 22-Feb-2024 and signed on its behalf by:
Mohammed Camran Arif Treasurer
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023
1 Accounting Policies
1.1 Accounting Policies
1.2 Basis of preparation
1.3 Going concern
2 Income from Donations and Legacies
| Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2022 |
|
|---|---|---|---|---|---|
| Analysis | £ | £ | £ | £ | £ |
| Donation and gifts | 371,967.62 | - | - | 371,967.62 | 173,238.00 |
| General grants provided | |||||
| by Government/other | 38,000.00 | - | - | 38,000.00 | 6,670.00 |
| charities | |||||
| Legacies | - | 37,718.00 | - | 37,718.00 | 22,355.00 |
| 409,967.62 | 37,718.00 | - | 447,685.62 | 202,263.00 | |
| 3 Income from Charitable | Activities | ||||
| Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2022 |
|
| Analysis | £ | £ | £ | £ | £ |
| Sale of service | 111,979.36 | - | - | 111,979.36 | 173,748.00 |
| 111,979.36 | - | - | 111,979.36 | 173,748.00 |
3 Income from Charitable Activities
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023
FEM
4 Income from Investments
| Unrestricted funds |
Restricted income funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2023 |
Total funds 2022 |
|
|---|---|---|---|---|---|---|---|
| Analysis | £ | £ | £ | £ | £ | ||
| Interest income | 8,151.12 | - | - | 8,151.12 | - | ||
| Other | - | - | - | - | 1,345.00 | ||
| Rental and leasing income |
37,705.22 | - | - | 37,705.22 | 57,220.00 | ||
| 45,856.34 | - | - | 45,856.34 | 58,565.00 | |||
| 5 Other Income | |||||||
| Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2022 |
|||
| Analysis | £ | £ | £ | £ | £ | ||
| Other | - | - | - | - | 1,150.00 | ||
| - | - | - | - | 1,150.00 | |||
| 6 Expenditure on | Raising Funds | ||||||
| Total | funds | 2023 | Total funds | 2022 | |||
| Analysis | £ | £ | |||||
| Rent collection, property | |||||||
| repairs and maintenance | 34,745.54 | - | |||||
| charges | |||||||
| 34,745.54 | - |
5 Other Income
6 Expenditure on Raising Funds
7 Expenditure on Charitable Activities
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023
FEM
| Analysis Charity running cost Cost of services Employee costs Printing and stationery Wages and salaries Staff costs |
Total funds 2023 Total funds 2022 £ £ 51,016.80 175,622.00 58,654.53 19,452.00 - 1,979.00 915.41 - 157,923.98 22,405.00 1,861.13 157,057.00 |
|---|---|
| 270,371.85 376,515.00 |
8 Other Expenditure
| Analysis Material item expense Other Expenditure |
Unrestricted funds Restricted income funds Endowment funds Total funds 2023 Total funds 2022 £ £ £ £ £ - 34,140.00 - 34,140.00 - 3,804.06 - - 3,804.06 - |
|---|---|
| 3,804.06 34,140.00 - 37,944.06 - |
9 Tangible Fixed Assets
9.1 Cost or valuation
| At 01 May 2022 Additions Disposals Revaluations Transfers At 30 April 2023 |
Freehold Land & Buildings £ 3,571,093.00 - - - - |
|---|---|
| 3,571,093.00 |
9.2 Amortisation and impairments
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023
| At 01 May 2022 Additions Disposals Revaluations Transfers At 30 April 2023 9.3 Net book value At 01 May 2022 At 30 April 2023 10 Cash at bank and in hand Cash at bank and on hand 11 Creditors: Amounts falling due Accruals and deferred income Taxation and social security |
Freehold Land & Buildings £ - - - - - |
|
|---|---|---|
| - | ||
| Freehold Land & Buildings £ 3,571,093.00 |
||
| 3,571,093.00 | ||
| Total funds 2023 Total funds 2022 £ £ 578,907.87 316,032.00 |
||
| 578,907.87 316,032.00 |
||
| within one year Total funds 2023 Total funds 2022 £ £ 16,379.00 16,379.00 1,228.00 812.00 |
||
| 17,607.00 17,191.00 |
12 Charity funds
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023
12.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds General Fund Unrestricted General Funds Restricted income funds Restricted income funds Total |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 59,261.00 567,803.32 (308,921.45) - - 318,142.87 - 567,803.32 (308,921.45) - - 258,881.87 9,950.00 - - - - 9,950.00 3,800,723.00 - - - - 3,800,723.00 (50.00) 37,718.00 (34,140.00) - - 3,528.00 50.00 - - - - 50.00 |
|---|---|
| 3,869,934.00 1,173,324.64 (651,982.90) - - 4,391,275.74 |
12.2 Details of material funds held and movements during the PREVIOUS reporting period
Fund Income Expenditure Transfers Gains and Fund balances losses balances brought carried
Fund names
FAIZAN-E MADINA MOSQUE COMMITTEE (TRUST)
NOTES TO THE FINANCIAL STATEMENTS
FEM
FOR THE YEAR ENDED 30 April 2023
| forward | forward | |||||||
|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted funds | ||||||||
| - | 413,371.00 | (354,110.00) | - | - | 59,261.00 | |||
| General Fund | 9,950.00 | - | - | - | - | 9,950.00 | ||
| Unrestricted General Funds |
3,800,723.00 | - | - | - | - | 3,800,723.00 | ||
| Restricted income | ||||||||
| funds | ||||||||
| - | 22,355.00 | (22,405.00) | - | - | (50.00) | |||
| Restricted income funds |
50.00 | - | - | - | - | 50.00 | ||
| Total | 3,810,723.00 | 435,726.00 | (376,515.00) | - | - | 3,869,934.00 |
12.3 Transfers between funds
This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - | |
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |