2022-12-31-accounts - Madina Mosque And Muslamic Community Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2022

AN INCORPORATED REGISTERED CHARITY NUMBER: 1051556

ABBEY & CO ASSOCIATES 1ST FLOOR ABBEY HOUSE 270-272 LEVER STREET BOLTON BL3 6PD

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

CONTENTS INFORMATION

FOR THE YEAR ENDING 31 DECEMBER 2022

Index to Financial Statements

	Page
Charity Information	3
Trustees Report	4-6
Accountants Report	7
Accounting Policies	8-9
Income & Expenditure Account	10
Statement of Financial Activities	11
Balance Sheet	12
Notes to the Accounts	13-16

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

CHARITY INFORMATION

FOR THE YEAR ENDING 31 DECEMBER 2022

Trustees

Haji Nadir Khan (President) - Passed away on 26/06/2022 Muhammad Hanif (General Secretary) Haji Mohammad Saleem Mohammad Aslam Miah Khan Anjum Hanif Mohammed Afzal Majid Dad Khalil Ahmed Choudhry Muhammad Asif Munir Ahmed (Treasurer) Fiaz Khan (Appointed 28/08/2022)

Registered Charity Number

1051556

Principal Address

3 Gower Street Bolton BL1 4BG

Bankers

Lloyds TSB Hotel St Bolton BL1

Solicitors

AFG & Co Mawdsley Chambers 17 & 20 Mawdsley Street Bolton BL1 1LE

Accountants

Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDING 31 DECEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Madina Mosque Muslamic Community Centre is an unincorporated registered charity governed by its Constitution which was adopted on 28 October 1996.

Appointment of Managing Trustees and Mosque Committee

The Managing Trustees and Mosque Committee are elected by the members of the organisation for a three year period. The Executive Committee, compromising of the President, Treasurer and General Secretary are elected annually.

The Mosque Committee were re-elected in accordance with the Charity’s constitution, at a General Meeting held on 3rd February 2019.

OBJECTIVES AND ACTIVITIES

To advance the religion of Islam with the traditions of Sunni Bralvi, and in particular by the provision of religious ceremonies and the teachings of the Holy Quran.
To advance education by the teaching of Urdu.
To promote any charitable purpose for the benefit of people of the Muslim faith.

ACHIEVEMENTS AND PERFORMANCE

The Charity provides various facilities at its new Mosque at Gower Street, Bolton, the main one being the provision of prayers 5 times a day. These are attended by a minimum of 40 people, with over 200 for the main Friday prayers.

We have a special computer room furnished with 12 computers where the students doing academic studies can carry out research. We also have facilities attending to the disabled, such as a lift. We also have facilities for ablution on both floors separated for boys and girls. The Mosque is fully fitted with a sound system and a sophisticated CCTV system which consists of 19 cameras located throughout the Mosque inside and out. The Mosque also has kitchen facilities. A new extension has been built to expand the premises and services.

The Mosque provides facilities for funeral preparations and prayers. There are also facilities for Islamic weddings.

The Mosque holds sporting activities for a wide range of children. The Mosque does have a variety of sports and sports competitions between various mosques are also held.

At this moment there are over 200 students consisting of boys and girls who are also taking Islamic education at the Mosque. There are 8 classes taught by 8 teachers consisting of 4 male and 4 female teachers. There are currently 18 students learning to recite the Holy Quran from memory.

There are special youth prayers every Monday evening which incorporate an educational element.

The Mosque also holds exams to track the student’s progress throughout the Mosque children can gain trophies and prizes for good grades.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDING 31 DECEMBER 2022

FINANCIAL REVIEW

During the year the Charity operated one New Mosque at Gower Street, Bolton. These accounts include income and expenditure and assets and liabilities relating to Gower St, Bolton.

The Trustees are pleased to report a further surplus year, which has enabled them to re-build cash reserves which had been depleted by the cost of building the new Mosque and extension.

Reserves Policy

The Trustees are of the opinion that the running of the new mosque at Gower Street, excluding the depreciation, will be in the region of £95,000 per annum. The recorded retained Surplus of the charity of £1,328,962 includes the construction costs of the new Mosque, and could not be utilised to cover the running costs of the Charity as it is now invested in bricks and mortar. The Trustees feel that it is appropriate to retain approximately 9-12 months of running costs in the Charity’s main bank account and are working to this aim. This policy will be kept under review.

The outstanding Qaraz e Hasana loans will be repaid subject to the need to retain sufficient funds to cover the running costs of the Charity.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDING 31 DECEMBER 2022

MANAGING TRUSTEES AND MOSQUE COMMITTEE

The Trustees who served during the period are listed below:

31 December 2022

31 December 2021

Haji Nadir Khan (President) Haji Nadir Khan (President) Muhammad Hanif (General Secretary) Muhammad Hanif (General Secretary) Haji Mohammad Saleem Haji Mohammad Saleem Mohammad Aslam Mohammad Aslam Miah Khan Miah Khan Khalil Ahmed Choudhry Khalil Ahmed Choudhry Nasir Ahmed Nasir Ahmed Anjum Hanif Anjum Hanif Shabaz Khan Mohammed Arif Mohammed Asif Mohammed Asif Mohammed Afzal Mohammed Afzal Majid Dad Majid Dad Munir Ahmed (Treasurer) Munir Ahmed (Treasurer) Fiaz Khan

Haji Nadir Khan passed away on 26/06/2022.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the trustees’ Annual report and the financial statements in accordance with the 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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 in the Charity SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards 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 appropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time 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 THE TRUSTEES AND SIGNED ON BEHALF OF THE TRUSTEES BY:

MUHAMMAD HANIF – SECRETARY 23 May 2024

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

ACCOUNTANT'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

TO THE TRUSTEES AND MEMBERS OF THE MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

In accordance with the engagement letter dated 12 March 2013 and in order to assist you to fulfil your duties under the Charities Act 2011, we have compiled the financial statements of the charity which comprise the Income & Expenditure Accounts, Balance Sheets, and the related notes from the accounting records and information and explanations you have given us.

I have examined the financial statements for the year ended 31 December 2022 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:

examine the accounts under section 145 of the Charities Act 2011,
to follow the procedures laid down in the general Directions given by the Charity Commission
(under section 145(5)(b) of the Charities Act 2011, and
to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.

The 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 a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to my attention:

Which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the Charities Act 2011 have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

__________ Honorary Independent Examiner

Faruk Patel FFA FTA Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD

23rd May 2024

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

ACCOUNTING POLICIES

FOR THE YEAR ENDING 31 DECEMBER 2022

The principle policies adopted in the Financial Statements are set out below.

BASIS OF ACCOUNTING

The Accounts have been prepared under the Historical Cost Convention, and comply with the Statement of recommended Practice; “Accounting and Reporting by Charities” (SORP 2005) issued in March 2005, and applicable accounting standards, subject to the limitations imposed by the situation as explained in the Trustees Report “Financial Review”.

FUND ACCOUNTING

Unrestricted funds represent the accumulated funds of the charity that are not subject to any restrictions regarding their use, and are available in the furtherance of the general objectives of the charity.

There are no restricted funds.

The financial statements include all transactions, assets and liabilities for which the Charity is responsible in law.

INCOMING RESOURCES

Collections and donations are included when the charity becomes entitled to the donation, and any conditions for receipt are met. Tax reclaims on donations are accounted at the time as they are received.

Class Fees are recognised when the Charity provides classes to its students.

Grants are accounted for when the Charity is legally entitled to the amounts due and the amount can be quantified with reasonable accuracy.

Income includes grants in respect of revenue and capital items.

RESOURCES EXPENDED

Expenditure is recognised on an accrual basis as a liability is incurred

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
All costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

ACCOUNTING POLICIES

FOR THE YEAR ENDING 31 DECEMBER 2022

FIXED ASSETS

Land and Property

The Mosque has been included at cost price. No depreciation was charged until the opening of the Mosque on 2 September 2007. Since 2 September 2007, the property has been depreciated at 2% Straight Line but this policy was reversed in 2012 and no depreciation was provided as from 1 January 2012.

Other Fixtures, Fittings and Office Equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery – 10% straight line

Fixture and Fittings - 10% straight line Computer equipment - 25% straight line

CURRENT LIABILITIES

Qaraz-e-Hasana loans are interest free loans provided by members of the Mosque Community.

TAXATION

No provision has been made for taxation as exemption from taxation has been granted by the HMRC under the provisions of Section 505 of the Income and Corporation Taxes Act 1988.

VAT ACCOUNTING

The Charity is not liable to be registered for VAT. Irrecoverable VAT on expenditure is not analysed separately but attributed to the category of expenditure on which it is incurred.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDING 31 DECEMBER 2022

Notes INCOMING RESOURCES Voluntary Income Donations Income Tax Recovered Grants Investment Income Bank Interest Interest From HMRC Income from Charities Activities Sale of Uniforms & School Materials Funeral & Wedding Fees Madressa Fees Student Fees Transport Fees Other Incoming Resources Legal Costs Recovered Gain on Disposal of Assets Other Income TOTAL INCOMING RESOURCES 1 RESOURCES EXPENDED 3 Cost of Generating Funds Charitable Activities Governance Costs TOTAL RESOURCES EXPENDED 2 NET INCOMING RESOURCES Fund Balances Brought Forward 01/01/2022 FUND BALANCES CARRIED FORWARD 31/12/2022	Unrestricted Funds £ 114,202 - - 1,233 - - 4,830 15,180 - - - 860 136,305 2,895 66,241 1,661 70,797 65,508 1,263,454 1,328,962	Restricted Funds £ - - - - - - - - - - - - - - - - - - - -	Totals 2022 £ 114,202 - - 1,233 - - 4,830 15,180 - - - 860 136,305 2,895 66,241 1,661 70,797 65,508 1,263,454 1,328,962	Totals 2021 £ 92,008 - 4,682 437 - - 6,500 12,535 - - - 6,071
				122,233
				2,275 92,407 611
				95,293
				26,940 1,236,514
				1,263,454

Continuing Operations

None of the charities activities were acquired or discontinued during the above financial period.

Total Recognised Gains and Losses

The charity has no gains or losses other than the profit or loss for the above financial period.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDING 31 DECEMBER 2022

Notes INCOMING RESOURCES Voluntary Income 1(a) Investment Income 1(b) Income from Charities Activities 1(c) Madressa Fees 1(d) Other Incoming Resources 1(e) TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds 2(a) Charitable Activities 2(b) Governance Costs 2(c) TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES Fund Balances Brought Forward 01/01/2022 FUND BALANCES CARRIED FORWARD 31/12/2022	Unrestricted Funds 2022 £ 114,202 1,233 4,830 15,180 860 136,305 2,895 66,241 1,661 70,797 65,508 1,263,454 1,328,962	Unrestricted Funds 2021 £ 96,690 437 6,500 12,535 6,071
		122,233
		2,275 92,407 611
		95,293
		26,940 1,236,514
		1,263,454

Continuing Operations

None of the charities activities were acquired or discontinued during the above financial period.

Total Recognised Gains and Losses

The charity made no gain or losses during the above financial period.

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

BALANCE SHEET AS AT 31 DECEMBER 2022

£ 1,370 327,132 2,220	£ - 292,307 728	2021 £ 973,319 290,135
330,722	293,035
- - 2,900	- - 2,900
2,900	2,900

		1,263,454 -
		1,263,454
		1,236,514 - 26,940
		1,263,454

Approved by the Mosque Executive Committee on 23 May 2024 and signed on their behalf by:

Muhammad Hanif (General Secretary)

Munir Ahmed (Treasurer)

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 DECEMBER 2022

1. INCOMING RESOURCES

(a) Voluntary Income Donations Income Tax Recovered Grants (b) Investment Income Bank Interest Interest From HMRC (c) Income from Charities Activities Sale of Uniforms & School Materials Funeral & Wedding Fees (d) Madressa Fees Student Fees Transport Fees (e) Other Incoming Resources Legal Costs Recovered Gain on Disposal of Assets Other Income TOTAL INCOMING RESOURCES	Unrestricted Funds Totals Totals 2022 2021 £ £ 114,202 92,008 - - - 4,682 114,202 96,690 1,233 437 - - 1,233 437 - - 4,830 6,500 4,830 6,500 15,180 12,535 - - 15,180 12,535 - - - - 860 6,071 860 6,071 136,305 122,233	Unrestricted Funds Totals Totals 2022 2021 £ £ 114,202 92,008 - - - 4,682 114,202 96,690 1,233 437 - - 1,233 437 - - 4,830 6,500 4,830 6,500 15,180 12,535 - - 15,180 12,535 - - - - 860 6,071 860 6,071 136,305 122,233
		96,690
		437 -
		437
		- 6,500
		6,500
		12,535 -
		12,535
		- - 6,071
		6,071

		122,233

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 DECEMBER 2022

2. RESOURCES EXPENDED

(a) Costs of Generating Funds Books, Radio & Reference Materials Funeral Materials (b) Cost of Charitable Activities Wages & PAYE (Imam) Teachers Fees Pension Contributions Prayers Leaders Guest Speakers & Scholars Expenditure on Religous Festivals Expenditure on Youth Scholar Prizes During Ramadhan Bank & Credit Card Charges Donations *Mosque Running Expenses* Rates & Water Heat & Light Insurance Telephone Mosque Repairs & Maintenance Printing, Stationery & Postage Miscellaneous Expenses Depreciation (c) Governance Costs Accountancy Legal & Professional Fees TOTAL RESOURCES EXPENDED	Unrestricted Funds Totals Totals 2022 2021 £ £ 1,100 835 1,795 1,440 2,895 2,275 16,318 25,321 22,222 29,699 873 1,338 - - - 100 6,230 2,350 - - - - 111 - - - 3,763 2,102 8,315 6,368 1,353 1,309 716 820 1,997 14,444 - - 185 574 4,158 7,982 66,241 92,407 - - 1,661 611 1,661 611 70,797 95,293	Unrestricted Funds Totals Totals 2022 2021 £ £ 1,100 835 1,795 1,440 2,895 2,275 16,318 25,321 22,222 29,699 873 1,338 - - - 100 6,230 2,350 - - - - 111 - - - 3,763 2,102 8,315 6,368 1,353 1,309 716 820 1,997 14,444 - - 185 574 4,158 7,982 66,241 92,407 - - 1,661 611 1,661 611 70,797 95,293
		2,275
		25,321 29,699 1,338 - 100 2,350 - - - - 2,102 6,368 1,309 820 14,444 - 574 7,982
		92,407
		- 611
		611

		95,293

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 DECEMBER 2022

3. RESOURCES USED Included in resources used are the following costs: Staff Costs Wages & Salaries Pension Costs Social Security Costs	2022 £ 38,540 873 - 39,413	2021 £ 55,020 1,338 5,438
		61,796

During the year the charity employed 4 person.

Trustees' Remuneration & Related Party Transaction

No members of the management committee received any remuneration during the year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

Accountancy Depreciation	- 4,158	-
		7,982

4. TANGIBLE FIXED ASSETS

4. TANGIBLE FIXED ASSETS
Cost As at 1 January 2022 Additions Disposals As at 31 December 2022 Depreciation As at 1 January 2022 Charge for year Disposals As at 31 December 2022 Net book value As at 31 December 2022 As at 31 December 2021	Land & Buildings At Plant & Fixtures & Computer Total Gower St Machinery Fittings Equipment
	£ £ £ £ £ 1,152,257 1,035,982 54,511 53,874 7,890 11,097 6,207 - 4,890 - - - - - -
	1,163,354 1,042,189 54,511 58,764 7,890
	178,938 66,333 53,477 51,238 7,890 4,158 - 1,034 3,124 - - - - - -
	183,096 66,333 54,511 54,362 7,890
	980,258 975,856 - 4,402 -
	973,319 969,649 1,034 2,636 -

MADINA MOSQUE AND MUSLAMIC COMMUNITY CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 DECEMBER 2022

5. ANALYSIS OF NET ASSETS BY FUND

Fixed Assets Current Assets Current Liabilities Fund Balance	Unrestricted Funds £ 980,258 330,722 (2,900)
	1,308,080

6. MOVEMENT IN FUNDS Unrestricted Funds	As at 01/01/2022 £ 1,263,454 1,263,454	Incoming Resources £ 136,305 136,305	Outgoing Resources £ (70,797) (70,797)	Transfer & Adjustments £ (20,882) (20,882)	As at 31/12/2022 £ 1,308,080
					1,308,080

Prior year adjustment where £ 20 882 in the St George;s Road bank account was written off relates to the settlement of the dispute of the property at 128 St Geroges's Road. This was settled in 2017 for a payment of £ 45 000 and the asset was written off in the accounts for year ending 31/12/2017. The bank account SGR with a balance of £ 20 882 was not written off and is now written off in the current year and hence shown as a prior year adjustment.

7. DEBTORS

7. DEBTORS Gift Aid Payments Prepayments 8. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Creditors Accruals Other Creditors Social Security & Other Taxes Qaraz-e-Hasana Loans (Interest Free) 9. LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR Qaraz-e-Hasana Loans (Interest Free)	2022 £ - 1,370 1,370 2022 £ - - - - 2,900 2,900 2022 £ -	2021 £ - -
		-
		2021 £ - - - - 2,900
		2,900
		2021 £ -