REGISTERED CHARITY NUMBER: 1051331 Re ort of the Tntstets and Unaudltèd Flnandal Statements for the Year Endèd 31 Decèmber 2023 al Islamlc M The Leaves Chartered Certiried Accguntsnts 2 Manor House Lane Datchet Sk)ugh Berkshire SL3 9EB
Al uaim Islamic Misslon Contents Of the Flnancial Statements forthe Year Ended 31 December 2023 Page Report of the Irustees Independent Examlnerfs Report ststement of Flnan¢ial Actlvltles 8alanct Sheet 4 to S Notes to the Flnan¢lal Ststemèt)ts 6 to 10 Detalled Stst•rnent ol Flnan¢lal Actlvltles li
uain Islamic Missi Re ort ol the Trustees for the Year Ended 31 Dernber ZO23 The trusteos present thelr report wlth the financial statements of the charity foi the year ended 31 December 2023. The trustees have adopted the PTovisions of Accountlng and Reporting by Charities.. Statement of Recommended Pnctice applicable to charltles preparing their accounts in accordance wlth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectlve I january 20191. OBJEcfivES AND AcfiviTIES Objectives and aims To advance the islamic falth in accordance with the doctrlne of the shia athna a5harl. To advance the education of the shia muslim eommunity. FINANCIAL AEVIEW The charlty also achleved si8nificant results in uslng its fvnds In the most f05t effectlve way posslble. Thls Is reflected by the retalned funds and the net assets owned by the charity whtch can bè expended on the charity's forthcorning prokcts. STRUCTURE, GOVÉRNANCE AND MANAGEMENT Governlng documÈnt The chartty is controlled by Its Bovernlng documet)L a deed of trust and mnstitutè$ an unincorporated charity. REFERENCE AND ADMINISTIIATIVE DETAILS Re8lStered Charity number 1051331 PrlncSpal address 39 Montrose Avenue Slough Berkshire SLI 4TN Trustees Mr A Minh35 Trustee Mr N H Jaffrt Trustee Mr Q Mehdl Trustee Mrf Bukhari Trustee Mr l H Abdeall Trustee Independent Examn)er Thrèe Leave5 Chartered Certified Accountants 2 Manor House Lane Datchet 51ou8h Berkshire SL3 9EB Approved by order of the board of trustees on.. -....... . Igned on its behalf by., Mr A Mlnhas-Trustee Page I
nde endent ExamlneVs Re ort to he Trust Ai uaim Islamic Mission Independent examlner's report to the trustee5 Ot Al-auaim Islamic Missiors I report to the charity trustees on my examrnation of the accounts of AKiuaim lslamlc Mlssion Ithe Tru5tl for the year ended 31 December 2023. Responslbllltles and basls of report As the charlty trustees of the Trust you are responsible for the preparatlon of the accounts In accordance with the requirements o* the Charlties Act 20111'the Act'l. I report In respect of my examlnatlon of the Trust'5 accounts carrled out under Sectlon 145 of the Act and In carrylng out my exarniThztlon I have followed all appllcable Directlons given by the Chartty Commls5ion under Sertion 14515llbl of the Act. Independent ex3mlner's statemènt I have complèted rny exarnination. I confirm that no material matters have come to my attention In ¢OnrctIOn wlth the e¥amlnation glvln8 me cause to believe that In any materlal fe5pect: accountlng records were not kept In respect of the Trust as required by Sectlon 130 of the Act,. or the accounts do not accord with those records: or the accounts do not conply wSth the applicable requlrerrwts concerning the form and content of accounts set out In the Charltles (Accounts and Report51 Regulations 2008 tsther than any requSrement that the accounts glve a truè and falr view whl¢h Is not a matter consldered as part of art independent examinatlon. I have no concerns and have come across no other matters In connectioft with the examlnatlon to which attentlon should be drawn In th15 report in order to enable a proper Lrnderstsnding of the account5 to be reached. Imtiaz Khan Three Leaves Charterèd Certlfied Accountsnt5 2 Martor House Lane Datchet 51ough Berkshire SL3 gEB Date:.... 2). 1.0.:..2.0.2 9 Page 2
ualm Islamlc Mlssion tatement of Financbal ActivltiÈs for the Year Ended 31 December 2023 2023 Total funds 2022 Total funds Unrestricted fund Restrlcted funds Notes INCOMEAND ENDOWMENTS FROM Donations and legacies 132,679 3.400 136,079 118,755 Investrnent Income 12,400 12,4 12,290 Total 145.079 3,4C(I 148,479 131,045 EXPENDITURE ON Ra5sing funds 20.133 23,S33 28,687 Charitable attlvlties Masjld & rellglous Bathering 93,287 93,287 83,104 Total 113.420 3.400 116,820 111.791 NETINCOME 31,659 31,659 19,254 RECONCILIATION OF FUNDS Total funds brought forward 824,727 824,727 805.473 TOTAL FUNDS CARRIED FORWARD 856,386 856,386 824,727 The notes form part of these financial statements Page 3
ualm Islamic Misslon BalarKe Sheet 31 Dècember 2023 2023 Total fvnds 2022 Total funds Unrestricted fund Restrkted funds Notes FIXED ASSETS Tangible assets 1.078,735 1,078,735 1,075,490 CURRENT ASSETS Debtor5 Cash at bank and in hond 6,000 63,771 6,037 55,824 63,771 69.771 69,771 61,861 CREDifoRS Amounts falllng due within one year 115.3251 115,3251 114,4251 CURRENT ASSETS 54,446 54,446 47,436 TOTAL ASSEfs LESS CURRENT LIABILITIES 1,133,181 1,133,181 1,122,926 CREDITORS Amounts falllng due after more than one ytar 1276.7951 1276,7951 1298,1991 NET ASSETS 856,386 856,386 824,727 The notes fom) part of these financial statements Page 4 continued...
Al- uaim Islam1¢ M1s51on Balance Sheet- continued 31 Decèmber 2023 FUNDS Unrestrlrted funds 856,386 824.727 TOTAL FUNDS B56.386 824,727 The flnanclal statements were approved by the Board of Trustèes and authorised for Issue on were signed on Its behalf bv.. .5.1 i.Q,.l >.a..J.-..4-. and Mr A Minha$- Trustee ee Mr ehdi- Trustee Mr r 8ukharl- Trustte rlHAb i- Trustee The notes form part of these financial ststements Pa8e S
Al ualm Islamlc Mtsslon Notes to the Financial Ststements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of Preparing the financial statement5 The financial statements of the charitsble organlsatlon. whlch Is a public benefit entity under FRS 102, have been prepared In accordancè wlth the Charitles SORP IFRS 1021 'A¢counting and Reporting by Charities.. Statement of Aecomrnendèd Practice appllcable to charities preparlng their accounts in accordancè with the Financial Reporling Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective I january 20151,. Financial ReportinE Standard 102 'The Finantl31 Reportlng Standard appllcable In the UK and Republic of Iretand. The financial statements have been prepared under the hlstorical cost conventlon. The followlng accountlng policies have beèn èpplied consistently through out the year: Flnanclal reportln8 standard 102- reduced dbsclosure exemptions The charlty hès taken advantage of the following dlsclosure exemptions In preparin8 these flnanchal statements, a5 permitted by FRS 102'Th• Financlal Reportln8 Standard appllcable in the UK and Republic of Ireland.: the requirements of Sectlon 7 Statement of Cash Flow$,' the requirement ol paragraph 3.17ldl: the requirements of paragraphs 12.26. 12.27. 12.29lal. 1129lbl and 12.29A. Income All Income 15 reco8nlsed In the Statement of Flnancial Actlvltles once the chailty has entltlement to the funds, It Is probable that the Incomé wlll be received and the amount can be measured rellably. Exp•ndlture Llabilltle5 are reco8nised as expenditure as soon as there Is a legal or constructlve obll83tion ¢omrnlttSn8 the charlty to that expenditure, It Is probable thal a transler of econorntc benefits w511 be required Sn settlement and the amount of the obll8atlon can be measureij reliably. Expendlture is accounted for on an accruals basis and has been classified under headlngs that a88re8ate all cost related to the category. Where costs cannot be directly ottrlbuted to particular headlngs they have been allocated to activitles on a basis eonsSstent with the use of resources. Tanglble flxed assets Tangible fixed asseis under the cost model are sraied at h15torical cost less accumulated depreclatlon and any accumulated impairment lossés. Historlcal cost Includes expendlture that Is directly attributable to brir)girtg the asset lo the10¢otlon and ¢ondStlon necessary for It to be capable of operatln8 in the Mannèr intended by mana8ement. Depreclatlon Is charged so as to allocate the cost of assets less their resldual value over thelr estlrnated useful Ilves. Depreclatlon is wovlded on the lollowlng basls: Freehold property- Not provlded Plant & Ma¢hlnery- 25% on reduclng bal¥n¢e Computer Equlprnent. 33% on cost The assèt's resldltal value5, U5efuS Ilves and depreclation methods are rtvlewed. and adlusted prospectlvety if approprlate, or If there Is an Indlcatlon of a $18nfflcant change slnce the last reptsrtlng date. Ta¥utlon The charity Is exempi from tax on Its charltablè èttivitie Fund a¢countlng Unrestrl¢ted funds can be used in accordance with the charitable obJertlve5 at the dtscretlon of the tnJ5tees. Restrlcted funds can only be used for particular restricted purposes within the objects of the charity. Restrlctions arlse when specified by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund 15 included In the notes to the flnancial statements. short term debtors and credttots Debtor5 and creditors with no stated interest rate and receivable or payable within one year are recorded at transartion price. Any losses arising from impairment zre recognised in the Statement of Financial Activitie5 in 'adn)InlstratKve expense5'. Page 6 continued...
Al ualm Islamle Mlsslon Notes to the Financial Statements- continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES- continued Short term debtor5 and creditots Cash and cash equlvalents Cash and cash equtvalen-s comprise cash at bank and in hand. Offsetting Flnancial assets and Ilablllties are offset and the net amounts presented In the a¢¢ounts when there is a legally enforceable right to set off the recognised amounts and there Is an Intention to settbe on a net basis or to reallse the asset and settle the liability sSmultaneousl¥. Charltable acttvitles Cost of charitable activities cornpi5ses all overhead5 exdudinB 8overnan¢e Costs and flnance ¢harge5. INVESTMENT INCOME 2023 2022 Rents recelved 12,400 12,290 TRUSTEES, REMUNERATION AND 8ENEFrrs There were no trustees, rernuneratlon or otr benefits for the Veèr ended 31 December 2023 nor for the year ended 31 Oecember 2022. Trustees, expenses There were no tru5tees' expen$es pald forthe year ended 31 Decernber 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AUIVITIES Unrestrlcted fund Restrleted funds Total funds INCOME AND ENDOWMENTS FROM Oonatlons and legacles 112,812 S,943 118,755 Investment Income 12,290 12,290 T•t)I 125,102 S,943 131,04S EXPENDITURE ON Ralslng funds 22,744 5,943 28,687 Charltable artlvltl¢s Maslld & rellgious gathèrlrvd 83,104 83,104 Total 105,848 5,943 111,?91 NEY INCOME 19,254 19,254 RECONCILIATION OF FUNDS Total funds brought forward 805,473 805,473 TOTAL FUNDS CARRIED FORWARD 824,727 824,727 Page 7 continued...
Al. ualm Islamlc Mlsslon Notes to the Flnancial Ststements- contittvÈd tor thè Yèar Ended 31 December 2023 TANG18LE FIXED ASSETS Freehold property plant and machinery Computer equipment Tota15 C05T At I January 2023 AddltlDn5 1,070,674 29,573 5.000 1,100,247 6,049 1,049 At 31 December 2023 1.070,674 34,573 1,049 1,106,296 DEPRECIATION At I january 2023 Charge for year 24,757 2,454 24,757 2,804 350 At 31 December 2013 27.211 350 27,561 NET BOOKVALUE At 31 December 2023 1,070,674 7,362 699 1,078,735 At 31 Dember 2022 1.070,674 4.816 1,075,490 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayrnents and accrued Income 5,000 1,000 5,2(J) 837 6,037 CREDITORS: AMOUNTS FALLING DUE WITPIIN ONE YEAR 2023 2022 Taxatlon and so¢lal securlty Other credltors 62S 14,700 57S 13,8SO 15,325 14,425 CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loanslsee note 91 276,795 298.199 LOANS An analysls ol the maturlty of loans is given below- 2023 2022 Amounts fall1r between one and two years.. Bank loans- 1-2 years 28,869 28.869 Amounts falling due between two and fve years: Bank loans- 2-5 years 84,607 84,607 Arnounts falling due In more than fnie yea Repayable by in5talments= Bank loans morè 5 yr by Instal 163319 184.723 Page 8 continued.
aim Islamic Mi sion Note5 to the Flnandal Staternents- contlnued forthe Year Ended 31 December 2023 io. MOVEMENT IN FUNDS Net rnovement In fund5 At 31.12.23 At 1.1.23 Unrestrlrted funds General fund 824.727 31,659 856,386 TOTAL FUNDS 824,727 31.659 856,386 Net movement in funds. rnduded In the above are as follow5: Incomlng resource5 Resources expended Movement in funds Unrestrlcted funds General fund 145,079 1113,420 31,6S9 Re5trlcted fund5 Other restrlcted funds 3.400 13,4001 TOTAL FUNDS 148,479 1116,8201 31,659 Comparnt5ve5 lor movement In fvnds Net movement in funds At 31.12.12 At 1.1.22 Unrestrlcted funds Generdl fund 805,473 19.254 824,727 TOTAL FUNDS 805.473 19,254 824,727 Comparntlve net rnovement In Ivnds. included In the above are as follows-. Incomln8 resources Resources expended Movement in funds Unrestrlcted funds General fund 125,102 1105.8481 19,254 Restrlcted funds other restricted funds 5.943 15,9431 TOTAL FUNDS 131.045 Llll,7911 19.254 Page 9 continued...
Al- ualm Islamic Mission Notes to the Flnanclal Statements- continued forthe Year Ended 31 December 2023 io. MOVEMEKf IN FUND5- cOntind A cutrent year 12 months and prioryear 12 months combined pothlon Is a5 follows: Net movernent in funds At 31,12.23 At 1.1.22 Unrestrlrted funds General fund 805,473 SO.913 856,386 TOTAL FUNDS 805.473 50.913 856,386 A currènt year 12 mont45 and prlor year 12 months comblned net movement In funds, lrtcluded In the above are as follow5.. Incoming resources Resour¢es expended Movement in funds UnrestTlrted funds General fund 270,181 1219,2681 50,913 Restrlcted funds Other restricted funds 9,343 19,343) TOTAL FUNDS 279,524 1228,6111 50,913 ii. RELATED PARTY DISCLOSURES rhere were no rèlated party transartlons for the year ended 31 December 2023. Page 10
Al- ualm Islamic Mlsslon Detalled Statèment of Financial Activities for the Year Ended 31 Dernber 2023 2023 2022 INCOME ANO ENDOWMEMrs Donations and legades Donatlons 136,079 118,755 Investment income Rents received 12,400 12,290 Total incomln8 resources 148,479 131,045 EXPENDITURE Ralslng donatlons and le8acles Oonatlons to others Muharam & r*ll8ious events Scholar fees 3,4( 9,295 10,838 5,943 15,329 7,415 23.533 28,687 Support costs Management Rates and water Insurancè Llght and heat 7elephone Postage and statlonery Sundr(es Repalrs & renewals Cleanln8 Computer ¢0sts Professional fees Imam masjid salary Caré taker Bookkeeper salary Oepretlatlon of tan8ible fixed asset5 4SO 1,599 25,597 130 59) 363 21,792 2,668 152 850 7,5 2,348 3,000 2,804 211 1,874 13,038 382 309 46 22,991 1,908 10,555 7,500 5,040 2,750 1.605 69,843 68,209 Finance Bank char8es Bank loan Interest 598 21,996 546 13,499 22,594 14,lJ45 Gov4rnan¢e costs Accountanc¥ 850 850 Total resources expended 116.820 111,791 Net Income 31,659 19,254 Thls pège does Mot form part ofthe statutory financial staternents Pa8e 11