REGISTERED CHARITY NUMBER: 1051331 ort of Ihe Trustees and Unaudited Flnaneial Statements for Ihe Year Ended 31 December 2024 Al- uaim Islamic Mission Three Leaves Chartered Certified Accounlants 2 Manor House Lane Datchet Slough Berkshire SL3 9EB
uaim Islamic Mission Contents ol the Finand*l Statements the Year Ended 31 December 2024 Page Report of tbe Trustees Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sh¢¢t Notes to th¢ Flnanclal Statements 6 to 11 Detalled Statement of Finaneial Aetlvltl 12 to 13
ualm Islamlc Mlsslon Re of the Trustee5 for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 l January 2019). OKJEcfivES AND ACTIVITIES Objeellves and aims To advance the islamic faith in accordance with the doctrine of the shia athna ashari. To advance the ¢ducation of the shia muslim communily. FINANCIAL REVIEW The charity also achieved significant rcsults in using its funds in the most cost effective way possible. This is reflccted by the retained funds and the net assets owned by the charity which can be expend¢d on the charity's forthcoming proj¢¢ts. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charily. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1051331 Principal address 39 Montrose Avcnue Slough Berkshirc SLI 4TN Trustees Mr A Minhas Trustee Mr N H Jaffri Trustce Mr Q Mehdi Trustee Mr T Bukhari Trustee Mr l H Abdeali 1'ru5t¢e Independent Examlner Three Lcaves Chartered Certified Accountants 2 Manor House Lane Datchet Slough B¢rkshire SL3 9EB Approved by order of the board of trustees on . -Zc•z< and signed on it5 behalf by.. Mr A Minhas - Trustee Page I
Inde ndent Examlnerfs Re ort to the Trustees of uaim 151arnic Mission Independent examiner's report to the trustees of Al-Qualm Islamie Mission I report to the charity trustees on my examination of the accounts of Al-Quaim Islamic Mission (the Trusl) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparalion of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of ihe Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's st&tement I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act. or thc account5 do not ticcord with those records. or the account5 do not comply with the applicable requirements concerning the form and content of. accounts set out in the Charities (Accounts and Reports) Regulations 2008 olher than any requirement that th¢ accounts give a tru¢ and fair view whiLh is not a matter considered as part of an independent examination. I havc no Concerns and have ¢om¢ across no other matters in Lonncction 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. Imtiaz Khan Three Leaves Chartered Certified Accountunts 2 Manor House Lane Datchet Slough Berkshire SL3 9EB Pa8e 2
tsalm tslamic Mtsslon Statement of Flnandal Actlvltles for the Year Ended 31 December 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 148,876 148,876 136,079 Investment income 17,820 17,820 12,400 Total 166,696 166,696 148,479 EXPENDITURE ON Raising fuiids 12,908 12,908 23,533 Charilable aetlvitles Masjid & religious gathering 63.869 63,869 93,287 Other 23,874 23,874 Totgl 100,651 100,651 116,820 NET INCOME 66,045 66,045 31,659 RECONCILIATION OF FUNDS Total fijnds brought forward 856,386 856,386 824,727 TOTAL FUNDS CARRIED FORWARD 922,431 922,431 856,386 The notes form part of these flnancial statement5 Page 3
ualm Islamic Mission Bèlance Sheet 31 December 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible a55Cts 1,090,408 1,090,408 1,078,735 CURRENT ASSETS Debtors Cash at bank and in hand 6,295 86,950 6,295 86,950 6,000 63,771 93,245 93.245 69,771 CREDITORS Amount5 falling due within one year (4,799) (4,799) (15,325) NET CURRENT ASSETS 88,446 88,446 54,446 TOTAL ASSETS LESS CURRENT LIABILITIES 1,178,854 1,178,854 1,133,181 CREDITORS Amounts falling due after more than one year (256,423) (256,423) (276,795) NET ASSETS 922,431 922,431 856,38() The notes form part of these flnanclal statements Page 4 contlnued.
ualm Islamlc Mlssion Balance Sheet- contlnued 31 December 2024 FUNDS Unrestricted ndS 10 922,431 856,386 TOTAL FUNDS 922,431 856,386 The financial statement5 were approved by the Board of Trustees and authorised for issue ..£14.-.1...g. -..EttTrfj.. and were signed on its behalf by: on Mr A Minha5 - Trustee r N H Jaffri - Trustee Mehdi - Trustee Mr T Bukhari - Trustee Mrl dLali - Trustee The notes form part of these flnancial statements Page 5
uaim Islamic Mission Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTINC POLICIES Basis of preparing the financial statements The financial statements of the charitable organisalion, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportiiig 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 l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, The financial statements have been prepared under the historical cost convention, The following accounting policies have been applied consist¢ntly through out the year: Financial reporting standard 102 - reduced disclosure ex¢mptions I'he charity has taken advantage of the following di8clusure exemptions in preparing these financial statcments, as p¢nnitt¢d by FRS 102 '1'h¢ Tr inancial R¢porting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Stat¢m¢nt of Cash Flows, the requirement of paragraph 3.17(d)' the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A. Income All income is recognised in the Stateinent of Financial Activities oiice the cliarity has entitlcinent lo the funds, il is probable that the inLome will be received and the ainount cun be measured reliably, Expendlture Liabilities are recognised as expenditure a5 50011 as there is a le&Tal or conslruclive obligation Committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in scltlement and th¢ amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headingys that aggregate all cost related io the categyory. Where costs cannot be directly attributed to particular headings they have b¢cn allocated to activities on a ba515 consistent with the usc of resources. T&nglble flxed assets Tangible fixed assets under the cost model are stated at historical Lost less acLumulated depreciation and any accumulated impainnent losses. 14islorical Lost includes expenditure that is dii'ectly attribut<ible lo bringing thc asset to th¢ location and condition neLessary for it lo be capable of operating in the manner iniended by management. DepreLiation is charged so as to allocale the cost of assets less their residual value over their estimated useful lives. Depr¢riation is provided on the following basis: Fre¢hold property - Not provided Plant & Machinery- 250/0 on reducing balance Computer Equipment - 330/0 on cost The asset's residual v&lues, useful lives and depreciation methods are reviewed, and adjusted pr05pectively if appropriate, or if there is an indication of a significant change since the last reporting date. Taxatlon The charity is exempt from tax on its charitable activilies. Fund accounting Unrestricted thnds can be used in accordance with the charitable objectives al the discretion of the truslees. Restricted funds can only be used for particular restricted purpos¢s within the obj¢cts of the charity, R¢stri¢tions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 6 continued...
Al- uaim 151amic Mission Notes to the Flnandal Statements- contlnued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Fund accounting Further explanation of the nature and purpose of each nd is included in the notes to the financial statements. Short term debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impaiment are recognised in the Statement of Financial Activities i 'administrative expenses,. Cash and cash equivalents Cash and cash equivalents ¢omprise cash at bank and in hand. Offsetting Financial assets and liabilities are offset and ihe net amounts presented in the accounts when there is a legally enforceable right to scl off the recognised amounts and there is an intention to settle on a net basis or to realis¢ the asset and scttlc the liability sirnultaneously. Charltable actlvltles Cost of charitable activities comprises all overheads excluding governance costs and financc charges. INVESTMF.]YT INCOME 2024 2023 Rents received 17.820 12,4QO TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rcrnuneration or other bcncfit8 for the year ended 31 Dcccmb¢r 2024 nor for the year cnded 31 Decembcr 2023. Trustees, expenses Thcre were no tru.8t¢¢5' exp¢ns¢s paid for the year end¢d 31 D¢c¢mber 2024 nor for the year ended 31 Dcccmber 2023, COMPARATIVES FOR THF STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted fund Restrlcted funds Totsl funds INCOME AND ENDOWMENTS FROM Donatioiis and legacies 132,679 3,400 136,079 Investment incorne 12,400 12,400 Total 145,079 3.400 148,479 EXPENDITURE ON Raising funds 20,133 3,400 23,533 Chgrltable activities Masjid & religious gathering 93,287 93,287 Total 113,420 3,400 16,820 NET INCOME 31,659 31,659 Page 7 continued,..
uaim 151amic Mission Notes to the Flnandal Statements- Contlnued for the Year Ended 310ecember 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued Unrestricted fund Restricted funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 824,727 824,727 TOTAL FUNDS CARRIED FORWARD 856.386 850,386 TANGIBLE FIXED ASSETS FehOld property Plantand machlnery Computer equlpment Totals COST At l January 2024 Additions 1.070,674 34,573 19,600 1,049 2,308 ,106,296 21,908 At 31 December 2024 1,070.674 54,173 3,357 1,128,204 DEPRECIATION At l January 2024 Charge for year 27,21 9,116 350 1,119 27,561 10,235 At 31 December 2024 36,327 1,469 37,796 NET BOOK VALUE At 31 December 2024 1,070,674 17,846 1,888 1,090,408 At 31 De¢ember 2023 1,070.674 7,362 699 1,078,735 DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 Other debtors Prepayments and accrued income 5,000 1,295 5,000 1,000 6,295 6,000 Page 8 contlnued...
uaim Islamic Mission Notes to the Flnancial Statements- contlnued for the Year Ended 31 December 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Other creditors 700 4,099 625 14,700 4,799 15,325 CREDITORS; AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 9) 256,423 276.795 LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling between one and two yeaT5'. Bank loans - 1-2 years 28.869 28,869 Amounts falling due between two and five years: Bank loans- 2-5 years 84,607 84,607 Amount5 falling due in more than five years., Repayable by instalments.. Bank loans more 5 yr by instal 142.947 163,319 io. MOVEMENT IN FUNDS Net movement Sn funds At 31.12.24 At 1.1.24 Unrestrlcted funds Gcn¢ral fund 856,386 66,045 922,431 TOTAL FUNDS 856,386 66,045 922,431 Net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement In fund5 Unrestricted funds General fund 166,696 (100,651) 66,045 TOTAL FUNDS 166.696 (100,651) 66,045 Page 9 contlnued...
uaim151amic Mi55iOII Notes to the Flnanclal Statements- contlnued for the Year Ended 31 December 2024 io. MOVEMENT IN FUNDS- eonllnued Comparatives for movement In funds Net movement In funds At 31,12.23 At 1.1.23 Unrestricted funds General fund 824,727 31,659 856,386 TOTAL FUNDS 8?4,7?7 31.659 856,386 Comparative net movement in funds, included in the above are as follows,. Incomlng resources Resources expended Movement nfund5 Unre51ri¢ted funds General fund 145,079 (113,420) 31,659 Restricted funds Other restricted funds 3,400 (3,400) TOTAL FUNDS 148.479 (116,820) 31,659 A current year 12 months and prior year 12 months combined position is as follows., Net movement In funds At 31,12.24 At 1.1.23 Unrestricted funds General fund 824,727 97,704 922.431 TOTAL FUNDS 824,727 97,704 922,431 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incomlng resources Resources expended Movement in funds Unrestricted fund5 General fund 311,775 (214,071) 97,704 Restrlcted funds Other restricted funds 3,400 (3,400) TOTAL FUNDS 315,175 (217.471) 97,704 Page 10 continued...
Al- aim Islamlc Mlssion Notes to the Flnanclal Statements- contlnued forthe Year Ended 31 December 2024 ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 11
uaim Islamic Mission Dètèlled Statement of Flnanclal Actlvltles for the Year Ended 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Madrassa Income Friday Collection 132,033 5,373 11,470 136.079 148,876 136,079 Investment Ineome Rents received 17,820 12,400 To¢#1 Incoming resources 166,696 148,479 EXPENDITURE Ralslng donatlons and legacles Donations to others Muharam & religious events Scholar fees Madrassa Expenses 3,400 9,295 10,838 6.988 4,999 921 12,908 23,533 Support Costs Management Rates and water Insurance Light and heat Telephone Poslage and stationery Sundries Repairs & r¢n¢wals Cleaning Computer costs Professional fees Imam masjid salary Care taker Bookkeeper salary Depreciation of tangible fixed assets 1,174 1,928 26,553 173 542 387 7,481 2,156 533 150 7,500 2,400 1,500 10,235 450 1,599 25,597 130 590 363 21,792 2,668 152 850 7.500 2,348 3,000 2,804 62,712 69,843 Flnanc¢ Bank charges Bank loan interest 357 23,874 598 21,996 24,231 22,594 Governance costs Accountancy 800 850 This page does not form part of the statutory flnanclal statements Page 12
Al- uaim Islarnic Mission Detalled Statement of Hnanclal Actlvltles for the Yeor Ended 31 December 2024 2024 2023 Total resources eipended Net Income 100,651 116.820 66,045 31,659 Thls page does not form part of the statutory flnanclal statements Pa8e 13