ZAIL4RIA MASJID AND TABLIGHI CENTRE'S TRUST ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 "stered Chari No: 1045869 ZAKARIA MA&IID 2LND TABLIGHI CENTREIS TRUST TABLE OF CONfE]YTS Page Trustees and Professional Advisors Ttustees Report Ststement of Trustees, responsiblities for the accounts Independent Review Statement of financiat activities Balance Sheet l(k15 Nutes to the accounts ZAKARIA MASJID AI¥D TABLIGHI CENTRE'S TRU Page I TRUSTEES AIYD PROFESSIONAL ADVISORS TRUSTEES: Mr. Mohammad Afzal Mr. Mohammed Naeem Mughal Mr. Muhammed Ishaq (Chair) Mr. Mohammed Alam Mr. Fayyaz Arshad Ali Mr. Ghulam Mustafa MAIN OFFICE: 22-24 Clarendon Road Whalley Range Manchester M16 8LD Natwest Bank PIC 438 Barlow Moor Road Chorlton Manchester M21 ONW ACCOUNTANTS: Ferguson & Co Charterted Certified Accountants 651 Mauldeth Road West Chorlton Manchester M217SA ZAKARIA MASJID AND TABLIGHt CENTRE'S TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 IIIAR 2024 Page 2 The Trustees present their report and financial ststements of the charity, for the year ended 31 Mar 2024. The fmancial statements have been prepared in accordance with the aCCo￿lting policies set out in not¢ I to the accounts and comply with the charity's trustdeed, the Charities Act 201 l and 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 freland published (FRS 102) (effective l January 2015). STATUS Zakaria Masjid and Tablighi Centre's Trust is a registered charity under the charity number 1045869. It has no taxable activites and is therefore not liable to UK taxation. It is, however. unable to reclaim VAT on expenditure incurred. Trustees The trust¢es of the charity, under the trust de& are knowD as Board members with voting rights. They have no beneficial intsrest in the charity. All trustees give their time voluntarily and receive no ben¢fits from the charity. Any expenses reclaimed from th¢ charity a￿ set out in note 9 to the accounts. The trustees undertake a skills audit to identify gaps in Board experiences and new trustees are appointed on a 3-year terni to fill these gaps. There is an induction and training plan in place for all trustees to strengthen their role in strategic planning. Trustees are also able to access the organisational training plan and attend any that they feel would be beneficial to their role and/or understanding. Recruitment and Appointmellt of Trustees The Tn￿teeS of the charity are known as rnernbe￿ of the Management Comm.itte¢. Under the requirements of the deed, members of the Management Committee shall hold office until the end of Annual General Meeting next following their election appointtnent or co-option and shall be eligible for re-election or rtrco-option. Trustee Induction and Training New trustees are recruited following all recruitment process and a success￿1 Induction. All new trustees are given an induction when they start which gives thern up to date infornjation on our services, fmances, funding streams, organisational policies and procedures, code of conduct and training on our quality assurance standards. Training is provided for the management committee on roles and responsibilities of a truste¢ and other relevant training identified to assist and support the work of the trustees. Achlevement & Performance The Charity provides education to children and elders. The Charity helps individuals and organisations and provides space for religious events etc. The Charity also provides grants to other needy organis.ations And also pIovid¢ buman resource servi¢¢s. ZAKARIA MASJID AIYD TABLIGHI CENTRE'S TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MAR 2024 (CONTINUED) Page 3 There arc regular w¢¢kly study circles for meffj women and children. These ioclude classes on Quranic sciences and commentsry, and Tenets of Belief of the Islamic faith. These classes are led by the local Imams and inv&ted guest teacber& Every month we invite a national or international guest speaker to attend the centre to give a tall( or seminar and these are very well attended, with over 100 delegates attending from all over Greater Manchester. During the weekend we have Arabic learning classes and our ladies have their own circles which act as a platforni to discuss religious matters as welI as any social issues they may be facing. Non-muslims are welcome to attend any of the centre activities as h)ng as they conforni to the expected behaviour and dress code within the mosque. In recent years we bave spKifically invited our Non-muslim neighbours to the Masjid on numerous occasions to better our relationship with them and to socialise with thenL Wc invited our Non-muslim friends and neighbours to participate in our celebration alld feast for Eid-ul-Adha. Wc also took part in a nationwide initiative of welcorning non-muslirns to Mosques as part of the "Visit My Mosque" day held during 2020. Since Mar 2018. we have teamed-up with the Myriad Foundation to help distrtbute food to tbe needy in the local an?. The centre has also been active in liaising with Manchester City Council and Greater Manchester Police (GMP) on community cohesion worL Members of the trust and the Imam have been instrumental in developing and delivering an 'Islamic Awareness Course, suitsble for personnel wÈthin the public sector who come into contact with Muslims xn the public aren￿ for example the Police. Prison Service, NHS, Council, Senior Managers and Policy Makers. h] addition the centre h&5 welcomed several high profile dignitaries over the year, from both the local British community and the wider worldwide Muslin] community There are times during the course of the year when the centre is busier than nonnal. These Listed below: (a) Friday Friday is the holiest day of the week for Muslims and special prayers are offered around ￿￿rIY afternoon on this day. (b) Ramadhan The month of Ramadhan is the period when members of the Muslim community are fasting during the day. The normal prayers are attended by above average numbers and special prayers ar¢ offered in the evenings. Food and light refreshments are provided for the attendees in the evening every night of Ramadhan. During the last ten days of Ramadhan the centre is open 24 hours of the day. ZAKARIA I￿[ASJID AND TABLIGHI CENTRE'S TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MAR 2024 (CONTINUED) P4e4 (c) Elds The Eid festival is celebrated twice every year by the Muslim community and once again the Centre plays its full rol¢ in serving the need of the community. The tirst Eid is celebrated at the end of Ramadhan to mark the passing of the hoIy month and the second one is held approximately two and half months later to celebrate the end of the annual pilgrimage to Mecc4 the Hail. On Eid days due to the large numbers attending the c¢ntre for special morning prayers. we hold three separate pray¢rs to accommodate the extra attendees. The first prdyer Én Urdu is held at 8.30am, the sewnd in English is held at 9.30am and the third in Arabic is held at 10.30am. ChArit&ble Dbieeetives l) The objectoive of the charity is to promote Tabligh work in the muslimcommunity and advance educati(>n aparticularly among Musli￿ cbildrni by the following ]neaBs and by other means as the trustee shall think fit by: a) provide. maintain and admÈster a ptace of worship (Masjid) for all muslinis" b) provide Islamic education ftlr atl muslim children; c) provide tuition in arabic language for all muslims with a view to Promoting the teachings of d) provide facilities for the publication of periodicals on the muslim faith and to members of other faiths 2) The land described in part l of the schedule to this scheme shall be members of oth¢rs fatiths. ZAKARIA MASJID AND TABLIGHI CENTRE'S TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MAR 2024 (CONTINUED) Page 5 nancial Revieiv In the year to 31 Mar 2024 the charAty had a totsl income of £80,051 (£106,212 - 2023) and total expenditure of £14.386 (£52,479 - 2023). This r¢suhed in a net (loss)/swplus for the year of £65,665 (£53,733 - 2023). During this period the charity have used funds collected in the current period to maintain activity levels. At the end of the financial year unrestricted reserves stood at £522,827 (£457,162 - 2023). Investment powers and policy The cash" balanLe held in unrestricTrd reserves at 31 Mar 2024 was £183,272 (£185,688 - 2023). The tn￿teeS aim to maintsin free reserves in unrestricted funds at a level which equates to approximately 2 Yea￿ Lif unrestriLted charitable expenditure. In addition CharAty has a reserve funds of £100.O(K) always sav¢d in building account for any Gontigencies. The Trustees consider, having regard to the budget for the next twelve months, that the charity is a going concern. Risk Management The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. ZAIartures tbat must be disclosed and explained in the fjnancial ststements" 5 Prepare the fmancial statements on a going concern basis unless it is appropriate the prcsume tbat the Cl￿￿ty WILI c(Jntinue in busin&ss. The trustees are responsible for keeping proper accounting records that disclose with reasonable accurate at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the appficable Charities (Accounts and Reports) Regulations, and the provision of the TnLSt deed. They are also responsible for safeguarding the &ssets of the charity and taking reasonable steps for the prevention and detention of fraud and other irrcgulartties. Approved by the trustees and signed on their behalf by. Mr. Ghulain Mu3tafa Trustee Page 7 Independent Examlner's Report to the Trn5tees of Zakarla Masjld & Tabllghj Centre's Trust I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pagw 7 to 15 Respectre responsibilitse8 of trll3t￿ examlner The charity's knstees are respoDsible for the preparation of the accounts. The charity's trnstees consider that an audit is not required for this year und¢r section 144(2) of the Ch￿ltieS Act 2011 (th¢ 2011 Act) and that an independent examination is neede(L It is my responsibility to: cxamine the accounts under section 145 of the 2011 Ac¢ follow the proceduw laid down in the general Directions giv¢n by the Charity Commission under section 145(5Xb} of the 2011 Actr and stat¢ Wheth￿ particular matters have Come to my attention. Basis of independent examiner's report My eXamI￿tion was carried out in accordance with the general Directions given by the Charity conm￿10￿. An examination inc'ludes a r¢view of the accounting records keptby the cbarity and a comparison of the ￿COUnts presented with thos¢ records. It also includes ¢onsideration of an> unusual ktems or disclosires in th¢ accounts and seeking explanatiorLS from you as tru8t¢es concerning any such matters. Tbe procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'ftrue and fair view" and the report is limited to those matters ￿t out in th¢ statment below. Jn connection with my examillation. no n]atter has come to my att¢ntion: which gives me reasonable cause to believe thaL in any material respecL the Tequirements: to keep accounting records in accordance with section 130 of the 2011 ACL. and to prepare accounts which accord with th¢ accounting records and compty with the accounting requir￿ of the 2011 Act have not been md. or which, in my OPilliOP¢-attcntion should ￿ drawn in order to enable a proper understanding of the,aLcounts to be reache MubammAd Tayyab (FCCA) Ferguson & Co 651 MAuldeth Road We8L Chorlto4 Man¢hester, M217SA 1(4 Ic)>[2. ZAKARIA MASJID AND TABLIGHI CENTRE'S TRUST Page 8 Statement of Flnancial Activities For tbe year ellded 31 March 2024 Notes 2024 2023 INCOMING RESOURCES Restrictsd General Restricted General INCOME FOR THE YEAR 80,051 106212 80.051 106,212 LESS: RESOURCES EXPENDED COSÉ of generatillg funds Expenditure on charitable activites iiii 13,837 42,863 Governanc¢ costs 7.194 Support costs 549 2,422 TOTAL RESOURCES EXPENDED 14,386 NET INCOME FOR THE YEAR 65,665 53,733 BALANCE BROUGHT FORWARD 457,162 403,429 BALANCE cARR￿D FORWARD 522,827 457,162 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 10 to 15 fonn part of these accounts. ZAKARIA MASJID AI¥D TABLIGHI CENTRE'S TRUST Page 9 BALANCE SHEET At 3 1st Mareh 2024 l¥ote8 2024 2023 FIXED ASSETS Tangible Assets 239,555 171,474 CURRENT ASSETS Debtors Reserve account Cash at bank and in hand 100,000 183,272 283,272 i 00,(K)o 185,688 285.688 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors ET CURRENT ASSETS 283,272 285,688 TOTAL ASSETS LESS CURRENT LIABILITIES 522,827 457,162 ACCUMULATED FUNDS Unrestricted funds brought f(Trnvard Unrestricted reserves for CU￿ent year 457,162 65.665 522,827 403.429 53.733 457,162 We approve these accounts and confinn that we have tnade available all the infonnation and explanations for tbeir preparation. Trustee Mr. Ghulam Mustsfa Date . Trustee Mr. Fayyaz Arshad Ali The notes on pages 10 to 15 forni part ofthe.8e accounts. ZAKARIA MA&IID AND TABLIGHI CENTRE'S TRUST NOTES TO THE ACCOUNTS For the year ended31 March 2024 Page 10 I. ACCOtTNTING POLICIES The principal accounting policies adopte4 jud￿ents and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable ￿ charities preparing their accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin I published on 2 Febnjary 2016) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Charities Act 2011. Preparatloll of the accounts on a going concern basis The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going conce The trustees do not consid¢r that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. Income recognition Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Donated services and facilities Donated pmfessional services and donated facilities are recognised as income when the charity has control over the item, any conditions &ssociated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is pmbabIe and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised" refer to the trustees annual report for more infornmtion about On rcceip¢ donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open maTket' a corresponding amount is then recognised in expenditure in the period of receipt. ZAKAIUA MASJID AYL D TABLIGHI CEI¥TRE'S TRUST NOTES TO THE ACCOUNTS (CONTINUED) For the year ended 31 Mareb 2024 Page 11 Current asset investments The charity holds no investments Taxation The charity is exempt fro]n corp)Tation tax on its charitable activities Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted fimds are donations which the donor has specified arc to be solely used for particular areas of the charity's work or for specific projects being undwtakeii by the clwity. Expendlture and Irrecoverable VAT Expenditure is recognised once there is a legal or Constructive obligation to make a payment to a third paty, it is probable th* settlement will be required and the atnount of the obligation can be measured reliabty. Expenditure is classified undw the following activity headings: Expenditure on charitable activites includes the costs undertaken to further the process of the charity and their associated suppirt costs. I￿¢¢0Verable VAT is charged as a cost against thc activity for which the expenditure was incurred. Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, fmance, personnel, payroll and governance costs which support the charity's programmes and activities. Operating l&qses Operating leases aTe leases in which the title to the assets. and the Tlsks and rewards of ownership. remain with the lessor. Rental charges are charged on a straight line basis over th¢ term of the Tangible flled assets Individual fixed assets costing £500 or more are capitalised at cost and are d¢preciated over their estimated useful economic lives on a straight line basis as follows: Fixtures & Equipment 25 % on cost Computers & Equipment 250/0 on cost Play Equipment 250/0 on cost ZAKARIA MASJID AND TABLIGHI CEwfRE'S TRUST NOTES TO THE ACCOUNTS For the year ended 31 March 2023 Page 12 Debtors Trade and other debtors are recognised at the settlernent amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and at hand The charity's cash at bank and in hand includ¢s the availability of fimds as at 31 March 2024. Creditors and provisions Creditors and proyisions are recO￿lsed where tbc£harity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measuFed4)restimated reliably. Creditors and provisii)ns are nornially recognised at their settlement an]ount after allowing for any trade discounts due. Financfial Instruments The charty onty has financial assets and financial liabilities of a kind that qualify as basAc 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 rneasured at amortised cost using the effectÈve interest method. Peusions Employees of the charity have been auto enrolled onto a pension scheme to which the charity contributes. 2.sTA￿ COSTS 2024 2023 Staff salaries, E£r.NIC & Pension 7,709 24.397 Th¢ average number of employee during the year were" Number Number Administration Volunteers ZAKARIA MASJID AND TABLIGHI CENTRE'S TRUST Page 13 NOTES TO THE ACCOUNTS For the year ended 31 March 2024 3. TANGIBLE FIXED ASSETS Other Equipment Land & TOTAL Buildlng COST At l April 2023 2,977 168,497 171.474 Additions 68,081 68,081 At 31 March 2024 2,977 236.578 239,555 NET BOOK VALUE At 31 March 2024 2,977 236.578 239,555 At l April 2023 2,977 168,497 171,474 Land & building includes £126,083 and £42,414 for 22-24 Clarendon Road and 90 College Road respectively. 4J)EBTORS 2024 2023 There are no debtors 5.CREDITORS 2024 2023 Creditors & accn]als ZAKARIA MA&JID AND TABLIGHI CENTRE'S TRUST Page 14 NOTES TO THE ACCOUNTS For the year ended 31 March 2024 6. ANALYSIS OF INCOME AND EXPENDITURE 31 March 2024 Restr- Acted 31 March 2023 Restr- Acted General Total General Totsl Income Donations & Legacies {Frtd&ycollettiorts) Religious Instructions fees Donations & Legacies (fvkwue Box) Rental income Icome fromC.baritable activitses COVID.19 Grant Lillaty Sadaqa & Jamat collections Fitrana & other collection 61.063 61.063 75.826 10.250 10.239 8,700 75,826 10.250 10,239 8,700 9,028 8,400 9,028 8,400 1,560 80,051 1,560 80,051 1,197 106,212 1.197 106,212 ExpeDdlture on charitable activities. Wages & Salaries and Pension Religious Instruetions fees Fitran4 S2daka and other donations Heat and light Telephone. water & ground rent 7.709 7,709 26.423 10,250 1,510 4,680 26,423 10,250 1,510 4,680 5,193 935 13,837 5.193 935 13,837 42.863 42,863 Governance Costs. Security Other professional fees Accountancy & PayToII 3,594 3,600 3,594 3,600 7,194 7,194 Support Costs" Sundry Expenses Repairs & mslntensnce Insurance 1.460 662 300 2,422 53,733 1,460 662 300 2,422 53,733 549 549 65ffj65 549 549 65,665 NET INCOME FUNDS BROUGHT FORWARD 457.162 457,162 403,429 403,429 FUNDS CARRIED FORWARD 522,827 522,827 457,162 457,162 ZAKARIA MASJID AND TABLIGHI CENTRE'S TRUST Page 15 IYOTES TO THE ACCOUNTS For the year ended 31 March 2024 7. ACCUMULATED FUNDS GENERAL RESTRICTED FUIYDS TOTAL Balance at 31 March 2023 Net income Balance at 31 March 2024 457,162 65,665 522.827 457,162 65.665 522.827 8, CONTrOLLING PARTY Charity in under the Sha￿ control of Trustees named on page l of the accounts. 9. RELATED PARTY IRANSACTION There has been no transartion with the trustess during the year in any forni. (2023 - nil)