MEDINA MASJID Charity Registration Number: 1053586 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 of 12
MEDINA MASJID FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Information of financial Slalements Report of the Executive Committee Statement of responsibilities of the Committee: Independent Examinels Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes lo the Accounts 11-12. Page2of12
MEDINA MASJID FOR THE YEAR ENDED 31 MARCH 2024 MANAGEMENT COMMITTEE CHAIR PERSON Mr Nurul Islam Kamali GENERAL SECRETARY Mr Yhaya Choudhury TREASURER MrAbdul Hannan ADDRESS 248 Weslferry Road Poplar London E14 3AG BANKER Natwesl Bank PIC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL: 020 7790 6111 Chari '$ Trustees- Mr Nurul Islam Kamali MrAbdal Wahab Mr Yhaya Choudhury MrAbdul Hannan MrAbdal Hussain Choudhury MrAzman Ali Mr Rabbani Choudhury Mr Moshud Ahmed Choudhury Mr Abul Fayez Page 3of12
MEDINA MASJID REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. Tlie TrLlStees have adopted Ilie provisions of the Stateimeiit of Recomimended Pi-actice (SORP) Accoiiiiting and Reporting by Charities issiied in 2005 iii preparing tlie aniiual report and financial slclleiments of the Charity. Legal Status: Charity.. Registered with the Charity Commission, Charity Number.. 1053586 Objects, Principal Activities and Organisation of the Charity The Charity's objects are for tlie bei)efit of the inhabitants of London Borough of Tower Haiiilets, and in particiilar iiieiiibers of the MLislim Miiioriiy Ethnic Communities: To advaT)ce Ilie religion of Islam in accoi'dance witli the doctrines 1( lid Tencts of the Suniii Secl of Islam. To advancc IliL education of MLisliins and Muslim childreii in Coiiforinity ii'illi the doctriiici aiid beliets of the Sunni Sect of151aiii. To i)I'ovide i-cl iLI- ro poor and needy Mu.sliiiis of the Suiiiii Sect ol- Mlislims in the Londoii Borough of Tower Haiiilel%. in particular, but not exclLisively, through the estLiblishment ai)d Inainteiiaiicc ot- a mosqLie in the l.01)don Ll()i-ough of Tower l-lamlels. To be a non-profit, non-political organisation. To arrangc ¢lll(I liold congregational i)I'aycrs and Islamic religious É1clivilies at appropriatc liilles To coiiduct L2lly S()cial, culiLiral or religioiis ic Ctivities iii tl)e best tl'c1(lilioiial of Islam. To proinotL Iriendly relations betwccii Mlisliins aiid non-musliiiis_ To estciblisli ai)d maintain a iiiosque wiiliin tlie Londoii Borougli ol- Tower Haimlets. To cu-c)perale i.viih other cliarilics. volLllltary bodies and statutory autlioritie5 aiicl exchange infoi'illation aiid advice with tliem. To raise funds aiid invite or receive donations. gifts, loan, grants and contribiitions, whctlier by subscription or othcrwise, provided that Ilie MJM shall not undertake or in any way engage in aiiy pemianent trading. Page4of12
MEDINA MASJID REPORT OF THE EXECUTIVE COMMIThEE FOR THE YEAR ENDED 31 MARCH 2024 Organisation: A Management Committee, the members ofwhich are the trustees manages the affairs of the charity The Management Committee manages the business or the chaiily including the paying of all expenses Trustees: Trustees, who are all Ineinbers of the executive coinmittee, and who served during tlie year are sel OLII on page 3. The trLlStees are elected al the Annual G¢n¢ral Meeting, for niembership of the Executive Committee and serve iintil tlie eiid ot. the nexl Annual Geiiei-al Meetiiig, where they cali stand for re- electioii as ineimbers of the new Executive Committee. Trustees responsibilities Én relation to the financial statements The coiminittee or Triislees are required by cliai-ily's law to prepare finaiicic11 statemeiits for each finic ncial year which give a tru¢ and fair vicw.of the financial dLlivities OF the cliarity c111d of its tinancial position <1t the cnd of that yeai.. ill pri'pariiig those financial stal¢ments the Trustees ill-e requircd ti". The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statemer)ts In accordance with applicable law and regulatr.ons and United Kingdotn Accounting Staridards (United Kingdom Generally Accepted Aounting Practice}. The law applicable lo charities in England and Wales requires the Trustees to prepare Financial Statements for each Iinancial year which give a true ancl fair view of the slate of affairs of the Charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Slalements. the Trustees are required to.. Select suitable accounting policies and then apply them consistenuy". Observe the methods and principles in the Charities SORP", Make judgements and accounting estimates that are reasonable and prudent-. Prepare the Financial Statements on the going concem basis unle55 11 is inappropriate 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 position of the charity and enable them to ensure that 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 VOLUNTEERS: The Tru5tee5 wish lo record their appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of the Charity and are critical in helping to keeps the running cost5 down RISK REVIEW: The Trustee5 have conducted their own review or the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All function5 of the Charity are subjected lo periodic review resulting in a proces5 of ongoing improvement. All staff and volunteers are trained and have all the required statutory and regulatory clearances required. Page50112
MEDINA MASJID REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDEO 31 MARCH 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased lo note. that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise to the need for the Trustees lo record on the Charity's Exceptions, Register. RELATED PARTY TRANSACTIONS: Ouring the year the Charity was under the control of Trustees and Management Committee membtsrs as listed above. This report, which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2008 applicable lo small companies. No members of'the management committeé 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. Reserve Policy 11 is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be tnaintained at a level equivalent lo its expenditure. The Trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding. They will be able to contlllUP ihe chai itv.:. urrenl acb"vities while consideration is given to ways in which <do'itional funds may be raised. The Centre will actively work lo achieve this level of reserves_ INDEPENDENT ELIMINER Accoiding to the provisions ol the Chailies Act 2008 and updated 2011. the Committee has agreed that and audit is not required for this financial year. However due lo provisions of the same act an independent examiner is required and AM Accountancy Services appointed as èxtemal Accountant or Independent Examiner. Transaction and financial position The Statement of Financial Activities shows net surplus for the year of £60,808 and our accumulated funds stand at £318.364 in total. AM Accountancy Service5 carried out an independent examination of the accounts included in the report. This report, which has been prepared in accordance with the Statement of Recommended Practice ISORP) Accounting and Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Executive Committee on and signed on their behalf. Mr Nurul Islam Kamali (Chairman) Dale.. Mr Abdul Hannan {Treasurerl Dale.. Page 6of 12
Accountsnts. Report To the Trustees of MEDINA MASJID FOR THE YEAR ENDED 31 MARCH 2024 We report on the accounts for the year ended 31 March 2024 sel out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements. Respective Responsibilities of Trustees and Accountant5 As described 011 page 5 the trLislees are responsible for the preparation of the finaFicial stateiiients, and they considei. that tlie trLlSt is exempl from an alidil. It is our responsibility to carl'y out procedures designed to enable us to report oui- opinioii to you. Basis of Opinion We conducted oui. work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accountinq. records kept by the harily, aiiij"making such limited enquiries of the trustees and olfficer." as we coioidered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion. Opinion In our opinion.. (a) The accounts are in agreement with the accounting records kept by the charity under the requirements ofthe Statement of Recommended Practice- Accounb"ng and Reporting by Charities: {bl Having regard only io. and on the basis of, the information contained in those accounts.. {11 The accounts have been drawn up in a manner consislenl with the accounting requirements specified the Statement of Recommended Practice- Accounting and Reporting by Charities, and 121 The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act. 131 This unaudited Account we have prepared in accordan with the figure. infomation and explanation we have received from the management ofthe current committee. /Lc J AM ACCOUNTANCY SE 43 BEN JONSON ROAD LONDON E14SA AM ACCOUNTANC"Y .sfR VICIS 4J BEN JON.%(JN RI_IA LONDON LI 4SA TEL.. O?0 7790 6111 FAX.. O?0 7790 80.-" VICES Date.. Page 7 of 12
MEDINA MASJID Statement of Financial Activities Ilncome & Expense Statement) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Notes Unreslricled Restricted Incoming Resour¢es Voluntary income: JRS Grant Memebership fees Parents Contribution IMadrasha} All Other General Donalions 14.080 98,919 14,080 98,919 14,080 77,127 Other Income: Donations Via Gift Aid & Just Giving Total Incomin Resources 112.999 112,999 91.207 Resources Expended Direct Charitable Expenditure '. Inting, postage. slalionery & Advelisemenl Telc-phone, fax and photocopies Rent, Rates and service charges Light, Heat and Water Books and Material Refreshments Cleaning Wagès and Volunteer expenses Events and activities (Project Costs) 462 7,975 4,108 462 7.975 4.108 384 6.640 2.332 432 33,280 432 33.280 33,280 Direct chaiitable ex endilure 46,256 46,256 42.636 Management & Administration Expenses: Accountancy Advertising and promotion Bank charges Insurance CRB fee Depreciation Sundry Re airs ement & Administration Ex 500 500 500 411 1.500 411 1,500 417 2.283 2,283 126 1,241 5,935 1,241 5,935 Mana enses.. 1.043 Total Resources Ex ended 52,192 52.192 43,679 Net Incorning Resources I (resources expended) 60.808 60.808 47,528 Net Movement funds for the period- 60,808 60,808 47,528 Total Funds Brought forward 257,556 257,556 210,028 Balance at 31 March 2024 318.364 318,364 257,556 Page8of12
MEDINA MASJID Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes Income Total expenditure Nel Surplus (Deficit) for the finanaal year 112,999 52.192 60.808 There were no recognised gains other than those included in the Income and Expenditure Account for current year. Page 9 of 12
MEDINA MASJID Statement of Assets & Liabilities ( Balance Sheet) As at 31 March 2024 2024 NOTE Fixed Assets Fixture. Fillings and Equipments 12.939 12,939 Current Assets Cash at Bank & in Hand Other Debtors 297,174 10,665 307,838 Current Liabilities Amount falling due to one year. Accruals 2,414 NET CURRENT ASSETS I {LIABILITIESI 305,425 TOTAL ASSETS LESS CURRENT LIABILITIES 318.364 I--UNDS: Brought Foard 257,556 Excessl{Delicit} of income over expenditure 60,808 Total Funds 318.364 The financial statements were approved by the Executive Committee and signed on their behalf". Mr Nurul Islam Kamali (Chairperson) Mr Yhaya Choudhury (General Secretary) Mr Abdul Hannan (Treasurer} Dale.. Date.. -01_10£5 Date: The Notes on pages 10 to 12 form part of the financial statements. Page 10 of 12
MEDINA MASJID FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis of Accounting Basis of accounting The Financial Statements have been prepared under the historical cost convention. as modified by the revaluation ol certain fixed assets and investments measured at market value. The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Enlilies lelfective JanLJary 20151, and the requirements of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to char1ties preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 20151 ISORP 20151. b. Grants Revenue grants are credited lo the Income and Expenditure account on a receivable basis. c. Donations Donation are recorded on a receipt basis. d. Incoming Resources Voluntary income and donations are included in incoming resource5 when they are receivable, except when the donors specify that they musl be used in future accounting periods or donors, conditions have not been fulfilled. then the income is delerred. The income from fundraising ventures is shown gross. with the as50cialed costs ificlijdcd in fundraising costs. e. Resources Expended Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered. Expenditure that 15 directly allributable to specific activitie5 has been included in these cost categories. Where costs are allributable lo more than one activity, they have been apportioned across the cost categories on a basis consistent with thè use of kn05e resources. f. Going Concern Basis The financial statements have been prepared on the going concern basis. as in the opinion of the trustees, there are no issues arising which would suggest any other basis as being more appropriate. g. Administration Cost5 Administration expenditure includes all expenditure not directly related to the charitable activity. h. Taxation As a charity. they are exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or 5256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. Depreclatlon: Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows= Fixture, Fitting and Equipment.. 15 0/0 on Reducing Balance method Page11of12
MEDINA MASJID FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 2. FIXED ASSETS COST Fixlures, fittings & Improvemenls Buildin9 and Consliudlon Al 01 April 2023 Fixtures and frtlings Addf(ion Al 31 March 2024 712 14,510 15,222 712 14.510 15,222 DEPRECIATION Al 01 Apiil 2023 Charge for the year At 31 March 2024 2.283 2.283 2.283 2.283 NET BOOK VALUE Al 01 April 2023 Al 31 March 2024 712 12,939 712 12,939 Net Surplus of the Financial Year The excess of expenditure oVr lil come is slated after charging-. 2024 Accounlanls, remuneration Depreciation 500 2,283 Creditors and Acruals Accountancy PAYE 600 1,814 2,414 Fundslcapital 2024 Balance al 31 March 2023 257.556 Balance at 1 April 2023 257.556 Excessl (Deficill of Income over Expenditure 60,808 Balance at 31 March 2024 318.364 Page 12 of 12