REGISTERED CHARITYNUMBER: 1047569 Masjid and Madrasah Faiz Ul Quran Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2024 Uk City Accountants Ltd Chartered Certified Accountants 108 Shireland Road , Smethwick B66 4QJ cityaccountants@mail.com 01215333777 Masjid And Madrasah Falz•UI-Qlli'An Report of the Trustees For the yoar endtd 31 March 2024 The Trustees bave pleasure in presenting their report and the finan¢ial stst¢ment8 for the chartty for the year ended 31 March 2024. The Trustee5 have adopted the provision8 of A¢c4)iitsting and Reportillg by Ch&Tities.' Ststern¢nt of Recomm¢nded Practice ppIic8ble to Chariti￿ preparin8 their &c¢outtts In &c¢ordance with the Financial Reporting Standard appli¢8ble in the UK and the Republi¢ of Irel￿d (FRS 102) (effective l Janiwy 2019). OBJECTIVES AND AcfiviTfCS Obje¢tives and ths The trustees hav¢¢ ¢on3idered the Charity Commission's guidaace m public benefiL In¢luding the guidan0¢ 'public benefit.. running a charity (PB2)'. REFERENCE AND ADMtIYISTRATIVE INFORMATION N￿e of Charfty Masjid And Madrasah Faiz-Ul-Qur ebt￿lty registration number 1047569 Principal address 341 Dudley Road Winson GreetL Birmillgham B184HB Trllsteex Th¢ trnstees al￿ offiG¢rs s¢rving during the year and since the year end were as fDIIow8: MAHM(K)D KHAN MAROOF MOHAMMAD MOHAMMED BASHIR MOHAMMED RASHtD OMAR FAROOQ MOHAMMED SHARIF MOHAMMED TAJ ABDUL BASHtD ALI SHABAZ MOHAMMED YOUSAF MOHAMMED ZAFAR MOHAMMED ZAMAN SAGHIR MOHAMMED YASSER MOHAMMAD SHABED ZAMAN S¢nior n]E￿agement Mr M Rllshid (Ch&irperson) Mr M Bashir (Vice Chainman) M Khan (freasurer) S H You5af (S¢crctary) Independ¢Tht examine tllc City Accountants Ltd Ch&rt¢r¢d Certified Accountsnts 108 Sbireland Ro4d , Smethwick B66 4QJ cityaccount&nts(&nail.com 01215333777 Maslld And Madrasah Faiz-Ul-Quran Report of the Trustees Contlnued Forthe yèar ended 31 March 2024 Bankers Barelay5 Bank Pie Smelhwick Capehlll Birmlngh8m Approved by the Board offrustees and signed on ils behalf by.. Mr Mahmood Khan Date '. Ma¥lld And Madra8ah Falz-Ul.Quran Report of the Trugtè85 and Unoudited Flnancial Statements For th8 y8ar 8nd8d 31 March 2024 Ma¥jld And Madrasah Falz-Ul-Quran Tru5t4ts' Rèport L•gal and admlnlslratlve status Masjid and Madra8ah Faiz ul Quran 18 r8gls19red as a chaJ11y under number 1047569 . The principal address of Maslld and Madras8h Falz The OblecUves ol Human ald foundallon TO PROMOTE ISL4MIC EDUCATION TO CHILDREN OF THE COMMUNITY. Trustses The Tru8leè8 al tho end of the year were :. MAHMOOD KHAN MAROOF MOHAMMAD MOHAMMED BASHIR MOHAMMED RASHID OMAR FAROOQ MOHAMMED SHARIF MOHAMMED TAJ ABDUL RASHIO ALI SHABAZ MOHAMMED YOUSAF MOHAMMED ZAFAR MOHAMMED ZAMAN SAGHIR MOHAMMED YASSER MOHAMMAD SHAFED Z4MAN Recrultment and Appolnthiént of Thstees Tha charlty 19 wverned by a boarfl ol trustO98 from local o)mmunity. Thls Is to ensure that th6 board hag skllls gnd experience r9quirèd to ov6rsee the managernenl ol th6 charlly and Its oper8tk)ns. The charity tru3le¢s are responsible for Ihg general control and managemènt of the cha￿lY. The b￿8￿¢$ glve their time frgely and recelve rb) r8munaratton or other financlal bènofits. Truslee Induction and Tralnlno I n6w Irust￿$ recolve a plonned induction programmg before iaking up their place on thè board. Thls Include8 an 6xplanallon of Ihdr les and responslbllllles, ￿ Introdkjctton to other trustees, an ov6Nl8w ol recent gdlviues 8nd eyplanallon of board formal and proce8S. Risk managomènt The trustees have o risk managerT￿l straiegy vthtch includes an annual rèvlbw ol the rlsks charity faces and the establishmenl of systgms pmc8dures lo mlllgate those dsks and Implementatlon of procedures d08igned to n￿nImiSe any ￿￿ntial Impact on charfly should tho$9 rlsks materialise. Reserve3 Policy tnjstaas alm to enSLK6 that sl￿1￿￿nI funds aro malntslned to enable the charity to COfryOUt Its activittes. Revlow of a¢tfvitJes for th• ￿ar Ma¥ld and Madm3ah Faiz ul Quran has achievad a gdn of£ 1941- for the p8rfod end￿1 31,032024 . detalled results are 8et out on y order of tha Trustees Mr Mahmoc*J Khan Charily number 1047569 Masjid And Madrasah Faiz-Ul.Quran Statement of Financial Activities For the year ended 31 March 2024 Notes 2024 2023 Fixed Assets 8&9 1064585 1064585 1064585 1064585 Current Assets Debtors Cash in hand and bank 10 93559 93559 93365 93365 Creditor.. amounts falling due within one year Nel current assets Total assets less current liabilites 93559 1158144 93365 1157950 Net Assets The Funds of Ihe charity Unrestricted income funds Total funds 12&13 1158144 1158144 1157950 1157950 The financial statement were approed annd authorised for issue by the Board and signed on its behalf by.. Mr Mahmood Khan Trustee Dale.. Masjid And Madrasah Faiz-Ul-Quran staternent of Financial Activities For the year ended 31 March 2024 Income and Endowments from: Notes 2024 Unrestricted 2023 Unrestricted funds funds £ Donations and Legacles Investments other income Total 109792 9220 226 119238 113875 9700 1112 124687 Expenditure on: Raislng funds Charitable activities Totsl 4&6 6&7 34944 84100 119044 29260 106930 136190 Net Income Reconciliation of funds Total funds brought fO￿ard Total funds carried forward 194 -11503 1157950 1158144 1169453 1157950 Masjld And Madrasah Falz-Ul-Quran IAccountlng Pollcles Basis of accountlng The financial slatements havè been prepared undgr th8 historical cost convantion, except for Invg8tments which are Included at market valua and the revaluation of certain fixed assets and in accordance wlth the Charities SORP (FRS1021 'Accounting and Reporting by Charities: Statement of Recommended Practl¢e epplicable lo charitie8 preparing their accounts In accordance wlth the Flnanclal Repoitng Standard applicable in the UK and Republic of Ireland {FRS 102) (8ff8ctlV8 1 January 2019),, Financial R&portlng Standard 102 the Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102), and tha Ch8ritlas Act 2011, Masjid And Madrasah Fai2-Ul-Quran meets lh8 definltlon of a publlc benaflt ant￿ty under FRS 102, Assets and liabilities are initially r@cognlsed at hlslorl¢al cost or transaction valu8 unless olherwlsa slated In the relevant accounting policy notsls). Going concern The financial statements are preparad on the assumptlon th81 the charity15 a going con￿rn and will continue Its OP8rations for the for8seeable futur&. 2.Income from donations and lagacles 2024 2023 Unr8Strlct8d funds Donations r8C8iV8d Investments and other incom8 109792 226 110018 113875 1112 114987 3.Inveslrnent Incom8 Unr8Stricl8d funds Income from Investment properties 9220 9220 g700 9700 4.Expenditure on generatlng donations legacies Unreslrictsd funds Donations 34944 34944 29260 60 5.Cosls of charitable a¢tlvlties by fund type Unrestrlcled funds A¢tlvlty 1 84100 84100 106930 106930 6.Net Incomel(expenditure) for the year This is stated after chargingl{crediting): Depreciation of owned fixed assets 194 194 -11503 -11503 Charity number 1047569 2024 2023 7.Staff costs and emolumgnl8 Totsl staff costs for th8 year ended 31 March 2024 were: 64127 49881 64127 49881 FFE .Comparatlve for the Statement of Flnanclal Actlvltles The comparatlvè yoar values on tha Slalement of Flnanc1al Actlvltl88 ar8 for unrestrictad fvnds. 9.Tanglble flxed assets Land and Buildlngs Co81 or valuation At 01 Aprll 2023 1064585 At 31 March 2024 1064585 Net book valuas Al 01 April 2023 1064585 At 31 March 2024 1064585 10.Debtor5 2024 2023 Amounts due wlthln one year.. Other debtors 11.Credltors Amounts falling due Mthln one year 12.Movèmont In funds Balance 0110412023 Incoming Resources Outgoing resources Balance 3110312024 Unrestrlcted Funds Current year 1157950 1157950 1169453 1169453 119238 119238 124887 124687 -119044 -119044 -1361 -136190 1158144 1158144 1157950 1157950 Prevlous year 13.Analysls of net as$•ts botw••n funds Tanglbla fixed asset Net current asseUllabllltle6 Nel Assets Unr8slrlcted Fund8 Current year 1064585 1064585 93559 93559 1158144 1158144 Provious year 1064585 1064585 93365 93365 1157950 1157950 Charlty number 1047569 I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees, 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 145of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. independent examiners statement 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.. accounting records were not kept in respect of the Charity as required by sanction 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 requirement5 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 acc< Uk City Accountants Ltd Chartered Certified Accountants 108 Shireland Road , Smethwick B66 4QJ cityaccountants@mail.com 01215333777