Charity number: 1055767
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) “@ .~ = CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent Examiner's report | 4 - 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8 - 16 |
| The following pages do not form part of the statutory accounts | |
| Detailed income and expenditure account and summaries | 17 - 19 |
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE PERIOD ENDED 31 MARCH 2024
Trustees
Adejimi Idowu Toheeb Orekoya Chairman (From 7th Jan. 2024) Olasunkanmi Jinadu Wahab (From 7th Jan. 2024) Olanrewaju Omotayo Taofeeq Olukotun (From 7th Jan. 2024) Abiodun Idowu Akerele (From 7th Jan. 2024) Abolanle Fausat Olisa (From 7tt Jan. 2024) Sherifat Shode Taiwo (From 7th Jan. 2024) Sherifat Okanlawon (From 7tt Jan. 2024) Nasir Olanrewaju Imam, Chief Missioner/Imam (MB Rep) Nureni Jimoh President (Exco Rep) Kolawole Tajudeen Yusuff Chairman (Ceased from 6th Jan. 2024) Olusina Musibau Simisaiye (Ceased from 6th Jan. 2024) Olanrewaju Musiliu Gaji (Ceased from 6th Jan. 2024) Hakeem Akinola Amode (Ceased from 6th Jan. 2024) Omobolanle Danmole (Ceased from 6th Jan. 2024)
| Executive | Nureni Jimoh President |
|---|---|
| Nasiru Olanrewaju Imam, Chief Missioner | |
| Hakeem Adedeji General Secretary | |
| Ismail Olanrewaju Lawal | |
| Habeeb Lawal | |
| Nurudeen Fagbemi | |
| Surajudeen Giwa | |
| Taofeek Ajisefinni | |
| Kuburat Issa | |
| Lateefat Kadri | |
| Balikis Adeniji | |
| Tairat Oladini | |
| Risikat Olaleye | |
| Ganiyat O Oniwinde | |
| Lateef Sule (Ex Officio) | |
| Modupe Olowe (Ex Officio) | |
| Charity Registered | Charity Registered |
| Number | 1055767 |
| Principal Office | 5 - 9 Record Street |
| Off Ilderton Road | |
| London | |
| SE15 1TL | |
| Secretary | Hakeem Adedeji |
| Independent | Charles Osei, BSc (Hons), MSc, ACIE, AFA, ATA, MIPA, MCIPP |
| Examiner | Flat 3, |
| 11 Rochdale Way | |
| Deptford | |
| London | |
| SE18 4LY | |
| Bankers | Barclays Bank Plc |
| 737 Barking Road | |
| London | |
| E13 3GL | |
| Nationwide Building Society | |
| Pipers way | |
| Swindon | |
| SN38 1NW |
Page 1
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
TRUSTEES' REPORT na ~~i,~~ : The Trustees submit their annual report and the financial statements of Assalatur-Rahman Islamic Association <P[‘hp][f][a] mw (United Kingdom) (the charity) for the year ended 31 March 2024. The Trustees confirm that the annual report and “2 Swory OF financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in October 2019.
Method of appointment or election of Trustees
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Constitution.
Constitution policies and objectives
The charity is constituted under a Constitution dated 11/06/1995 (As Amended on 11/12/2022) and is a registered charity number 1055767. The object of Assalatur-Rahman Islamic Association (United Kingdom) continues to be worship of Allah proper perspective of Islamic religion and poverty/hardship/distress relief.
Membership
The organisation may admit as members any persons who are interested in the objects of the organisation and who may be specially qualified or possess unique knowledge to aid the association towards the attainment of its objectives.
The Association is a member of Southwark Muslim Forum (SMF), the Council of Nigerian Muslim Organisation (CNMO) and member of Muslim Council of Britain (MCB).
Review of activities and future developments
The current membership strength of the Association conservatively stands at 1000, consisting of mixed gender (young and older adults including children) from diverse ethnic and cultural background. The thrust of our philosophies focuses on promoting the educational, moral and cultural advancement of Muslim in the community. We also endeavour to inculcate in our members the spirit of goodness and cordial relationship with our neighbours and community irrespective of their faith, creed, sect, or religious beliefs. We also engage and participate in charitable activities for most needy' member of the community. Assalatur-Rahman will continue to move forward in improving the quality of our services and in helping to ensure that the association more accurately reflects the diversity of the people who require our services and support.
Summary of Achievements
Observing regular weekly Jumat prayer (every Friday). Running series of symposia on topics of general human interest Effective and efficient running of Arabic School for children and adults Provision of foods to members of the community during Ramadan (Iftar) Regular donations to needy individuals and organisations. Organising regular spiritual development and counselling sessions Conducting Islamic wedding ceremony (Nikah)
Long Term Goals:
Refurbishment of current premises Production of quarterly Newsletters Provision of extra support for people within the community Continue to move forward in developing clearer organisational structures and improving the quality of our services. The organisation shall continue to maintain appropriate financial controls.
Page 2
----- Start of picture text -----
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) Z
----- End of picture text -----
Reserves policy
The trustees have undertaken a review of the need for a general reserve to be held by the charitable organisation and have turned its entire unrestricted fund into an emergency reserve to enable AssalaturRahman Islamic Association meet its obligations in the event of shortfall in income or sudden upturn in expenditure.
Trustees' responsibilities
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 surplus or deficit of the charity for that purpose. In preparing those financial statements the Trustees have:
-
· selected suitable accounting policies and applied them consistently;
-
· made judgements and estimates that are reasonable and prudent;
-
· stated whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
-
· prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation).
The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 2022. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
This report was approved by the Trustees on Sunday 15th December , 2024 and signed on its behalf, by:
Adejimi Idowu Toheeb Orekoya - FCIB
Page 3
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) SS iS ~~Z~~ Fyy Ay
INDEPENDENT EXAMINERS REPORT aan
FOR THE YEAR ENDED 31 MARCH 2024 “
I report on the Financial Statements for the year ended 31 March 2024 set out on pages 6 - 16.
This report is made solely to the Trustees of Assalatur-Rahman Islamic Association, as a body, in accordance with regulations made under section 145 of the Charities Act 2022. My work has been undertaken so that I might state to the Trustees matters I am required to state to them in an Independent Examiner’s report.
Respective responsibilities of Trustees and Independent Examiner
As Charity Trustees, for the purposes of charity law, are responsible for the preparation of the financial statements, the Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2022 (the Act) and that an independent examination is needed.
Independent examiner's statement
Having satisfied myself that the Charity is not subject to an audit and is eligible for independent examination, it is my responsibility to:
section 145(5)(b) of the 2022 Act; and
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 accounts to be reached.
Basis of Independent Examiner’s Statement
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 present a “true and fair view” and the reports limited to those limited to those matters set out in the statement on the next page.
Page 4
~~Son~~ ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) 7¥ ™S28
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner’s Statement
Since the Charity’s gross income does not exceed £250,000 your examiner must be a full member of the Association of Charity Independent Examiners. However, if it exceeds the £250,000, your examiner must be a member of a body listed in section 145 of the 2022 Act. I can confirm that I am qualified to undertake the examination because I am a full member of Association Charity Independent Examiners and a member of Institute of Financial Accountants (IFA) UK, which is one of the listed bodies.
In connection with my examination, no matter has come to my attention:
of the Charities Act
have not been met; or
to be reached.
Signed:
Dated: 2nd January, 2025
Charles Osei, BSc (Hons), MSc, ACIE, AFA, ATA, MIPA, MCIPP Flat 3, 11 Rochdale Way Deptford London SE18 4LY
Page 5
----- Start of picture text -----
2
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
Z
----- End of picture text -----
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024
| **Unrestricted ** | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2024 | 2024 | 2024 | 2023 | |||
| Note | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| Donations and members contribution | 2 | 194,829 | 0 | 194,829 | 194,163 | |
| Investment Income | 3 | 3,278 | 0 | 3,278 | 6,427 | |
| Other incoming resources | 4 | 2,256 | 9,022 | 11,278 | 23,809 | |
| TOTAL INCOMING RESOURCES | 200,363 | 9,022 | 209,385 | 224,399 | ||
| RESOURCES EXPENDED | ||||||
| Charitable activities | ||||||
| Charitable activities | 5 | 179,064 | 22,452 | 201,516 | 160,058 | |
| Governance costs | 6 | 45,964 | 0 | 45,964 | 41,134 | |
| TOTAL RESOURCES EXPENDED | 225,028 | 22,452 | 247,480 | 201,192 | ||
| NET INCOMING RESOURCES BEFORE REVALUATIONS | (24,665) | (13,430) | (38,095) | 23,208 | ||
| Transfers between Funds | 12 | 0 | 0 | 0 | 0 | |
| NET MOVEMENT IN FUNDS FOR THE YEAR | (24,665) | (13,430) | (38,095) | 23,208 | ||
| Total funds at 1 April 2023 | 1,010,322 | **32,887 ** | 1,043,209 | 1,000,781 | ||
| TOTAL FUNDS AT 31 MARCH 2024 | £ | 985,657 | **19,457 ** | 1,005,114 | 1,023,989 |
The Charity made no recognised gains and losses other than those reported in the income and expenditure account.
The notes page 8 to 16 part of these financial statements.
Page 6
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
BALANCE SHEET AS AT 31 MARCH 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |||
| FIXED ASSETS | |||||||
| Tangible fixed assets | 10 | 806,006 | 813,683 | ||||
| CURRENT ASSETS | |||||||
| Sidcup project | 83,720 | 156,290 | |||||
| Cash at bank and in hand | 125,982 | 66,068 | |||||
| CREDITORS: amounts falling due within | |||||||
| one year | 11 | (10,595) | (12,050) | ||||
| NET CURRENT ASSETS | 199,108 | 210,307 | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,005,114 | 1,023,990 | |||||
| NET ASSETS | £ | 1,005,114 | £ | 1,023,990 | |||
| CHARITY FUNDS | |||||||
| Unrestricted Funds - General | 12 | 179,651 | 177,420 | 991,103 | |||
| - Designated | 806,006 | 813,683 | |||||
| 985,657 | |||||||
| Restricted Funds | 13 | 19,457 | 32,887 | ||||
| TOTAL FUNDS | £ | 1,005,114 | £ | 1,023,990 |
The financial statement were approved by the trustees on Sunday 15th December, 2024 and signed on their behalf, by:
Adejimi Idowu Toheeb Orekoya - FCIB
The notes on 8 to 16 part of these financial statements.
Page 7
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation
The financial statements have been prepared under the historical cost convention with the items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.
These financial statements have been prepared in accordance with:
• “Charities SORP” refers to the Charities SORP (FRS 102): 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. 2nd edition effective 1 January 2019.
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); and • the Charities Act 2022
The financial statements are presented in pounds sterling, being the functional currency of the Charity.
1.2 Exemptions for qualifying entities under FRS 102
The Charity has taken advantage of the following disclosure exemptions:
-
From preparing a statement of cash flows on the basis that the Charity does not qualify as a larger Charity under the SORP definitions
-
From the financial instrument disclosures
1.3 Going concern
The Trustees continue to monitor the risks posed to the Charity and have considered possible events or conditions that might cash significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. After making enquiries, the Trustees have concluded that there is a reasonable expectation that the Charity will have adequate resources to continue in operational existence for at least 12 months 12 months from the date of signing these financial statements.
1.4 Recognition of income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated costs
All expenditure is inclusive of irrecoverable VAT
1.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010, and therefore it meets the definition of a charitable organisation for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes
1.7 Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Charity does not currently have any significant accounting estimates or areas of judgements.
Page 8
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1.8 Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
1.9 Grants and donations
Donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Donations are credited to the statement of financial activities as the related expenditure is incurred
1.10 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation
1.11 Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of past event, it is probable that a transfer of economic benefit will be required in settlement, . and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
1.12 Investments
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.13 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
1.14 Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on the notice of not more than 24 hours.
1.15 Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
1.16 Related party transactions
No Trustee receives salary or compensation from the Charity. The Charity reimbursed Trustees for charitable expenses incurred and borne on behalf of the Charity by Trustees.
Page 9
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1.17 Funds accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements
Investment income, gains and losses are allocated to the appropriate fund.
1.18 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.19 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expenses categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
1.20 Tangible fixed assets and depreciation
All assets costing more than £10 are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, over their expected useful lives on the following bases:
Freehold property - 2% straight line Motor Vehicles - 25% straight line Furniture and Fixtures - 20% straight line Office Equipment - 20% straight line
Page 10
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. DONATIONS AND MEMBERS CONTRIBUTION
| **Unrestricted ** | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Weekly Collections (Sunday) | 37,607 | 0 | 37,607 | 32,743 |
| Monthly Subscriptions - DD & Cash | 26,640 | 0 | 26,640 | 27,907 |
| Bushra Night | 461 | 0 | 461 | 602 |
| Fidau collections | 14,548 | 0 | 14,548 | 15,134 |
| Ramadhan collections | 24,735 | 0 | 24,735 | 32,925 |
| Laylatul Quadr collections | 3,095 | 0 | 3,095 | 4,192 |
| Naming Ceremony | 1,295 | 0 | 1,295 | 2,305 |
| Charitable Collections | 7,327 | 0 | 7,327 | 14,203 |
| Qur'an Day | 8,077 | 0 | 8,077 | 8,591 |
| Mosque Fund | 3,399 | 0 | 3,399 | 2,494 |
| Assalatur Recipient | 5,651 | 0 | 5,651 | 1,004 |
| Birthday | 2,755 | 0 | 2,755 | 5,371 |
| Khaf | 193 | 0 | 193 | 40 |
| Kunfuyakun | 2,905 | 0 | 2,905 | 2,127 |
| Qurbani | 14,138 | 0 | 14,138 | 7,586 |
| Special prayers | 5,644 | 0 | 5,644 | 6,346 |
| Sadaq | 10,755 | 0 | 10,755 | 8,059 |
| Table Hire | 30 | 0 | 30 | 0 |
| Eid-el-Kabir | 1,344 | 0 | 1,344 | 2,446 |
| Madrasa fees | 8,515 | 0 | 8,515 | 5,536 |
| Maulud Nabbyyi collections | 4,208 | 0 | 4,208 | 4,383 |
| Jumat Services | 9,857 | 0 | 9,857 | 8,620 |
| Tarawih collections | 1,110 | 0 | 1,110 | 689 |
| Yah Lateef Night | 440 | 0 | 440 | 0 |
| Nikhai | 50 | 0 | 50 | 400 |
| Itikaf | 50 | 0 | 50 | 230 |
| Donations and member collections | 194,829 | 0 | 194,831 | 193,935 |
Page 11
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. INVESTMENT INCOME
| 3. INVESTMENT INCOME | ||||
|---|---|---|---|---|
| **Unrestricted ** | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Interest received | 328 | 0 | 328 | 457 |
| Used of mosque | 2,950 | 0 | 2,950 | 5,970 |
| Total | 3,278 | 0 | 3,278 | 6,427 |
4. OTHER INCOMING RESOURCES
| 4. OTHER INCOMING RESOURCES | ||||
|---|---|---|---|---|
| **Unrestricted ** | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Sale of calendars | 2,256 | 0 | 2,256 | 872 |
| Compensation | 0 | 0 | 0 | 150 |
| Proceeds from Sale of Van | 0 | 0 | 0 | 105 |
| Total restricted funds | 0 | 9,022 | 9,022 | 22,682 |
| Total | 2,256 | 9,022 | 11,278 | 23,809 |
5. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
| **Unrestricted ** | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Education Projects | 13,340 | 0 | 13,340 | 12,680 |
| Publicity costs | 2,618 | 0 | 2,618 | 8,660 |
| Establishment costs | 64,748 | 0 | 64,748 | 39,614 |
| Support costs | 98,358 | 22,452 | 120,810 | 99,103 |
| Sub-total charitable activities | 179,064 | 22,452 | 201,516 | 160,057 |
| Governance | 45,964 | 0 | 45,964 | 41,135 |
| 225,028 | 22,452 | 247,480 | 201,192 |
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Page 12
----- Start of picture text -----
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) f
----- End of picture text -----
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SUMMARY BY EXPENDITURE TYPE
| Depreciation | Depreciation | Other Costs | Other Costs | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | |||||
| £ | £ | £ | £ | |||||
| Education Projects | 0 | 13,340 | 13,340 | 12,680 | ||||
| Publicity costs | 0 | 2,618 | 2,618 | 8,660 | ||||
| Establishment costs | 0 | 64,748 | 64,748 | 39,614 | ||||
| Support costs | 0 | 120,810 | 120,810 | 99,103 | ||||
| Sub-total charitable activities | 0 | 201,516 | 201,516 | 160,057 | ||||
| Governance | 41,746 | 4,218 | 45,964 | 41,135 | ||||
| Total resources expended | £ | **41,746 ** | £ | **205,734 ** | £ | 247,480 £ | 201,192 | |
| 6. GOVERNANCE COSTS | 6. GOVERNANCE COSTS | |||||||
| Unrestricted | Total | |||||||
| Funds | Funds | |||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Independent examiner's fee | 500 | 500 | ||||||
| Legal & Professional fees | 0 | 150 | ||||||
| Bank charge | 3,718 | 2,865 | ||||||
| Depreciation - motor vehicles | 8,299 | 0 | ||||||
| Depreciation - office equipment | 6,509 | 8,698 | ||||||
| Depreciation - fixtures & fittings | 2,696 | 4,679 | ||||||
| Depreciation - freehold property | 24,242 | 24,242 | ||||||
| Total | £ | 45,964 £ | 41,135 |
Page 13
y a ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) ¢ = oe Z ~~Fy~~ S NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Unrestricted | Total | |
|---|---|---|
| Funds | Funds | |
| 2024 | 2023 | |
| £ | £ | |
| Education Projects | 13,340 | 12,680 |
| Publicity costs | 2,618 | 8,660 |
| Establishment costs | 64,748 | 39,614 |
| Support Costs | 120,810 | 99,103 |
| 201,516 | 160,057 |
8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Activities | ||||
|---|---|---|---|---|
| undertaken | Restricted | |||
| directly | Funds | Total | Total | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Education Projects | 13,340 | 0 | 13,340 | 12,680 |
| Publicity costs | 2,618 | 0 | 2,618 | 8,660 |
| Establishment costs | 64,748 | 0 | 64,748 | 39,614 |
| Support Costs | 98,358 | 22,452 | 120,810 | 99,103 |
| Total | 179,064 | 22,452 | 201,516 | 160,057 |
Page 14
----- Start of picture text -----
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
iS
j
----- End of picture text -----
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. NET INCOMING RESOURCES
This is stated after charging:
| This is stated after charging: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of tangible fixed assets: | ||
| - owned by the charity | 41,746 | 37,620 |
| Independent examiner's fees | 500 | 500 |
During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefit in kind (2024 - £NIL). During the year, no Trustees received any reimbursement of expenses (2024- £NIL).
10. TANGIBLE FIXED ASSETS
| Freehold | Motor | Fixtures & | Computer | Total | ||
|---|---|---|---|---|---|---|
| Land & | Vehicles | Fittings | & Office | |||
| Building | Equipment | |||||
| £ | £ | £ | £ | £ | ||
| Cost | ||||||
| At 1 April 2023 | 1,175,602 | 0 | 97,107 | 86,548 | 1,359,257 | |
| Additions | 33,195 | 877 | 34,072 | |||
| Disposals | ||||||
| At 31 March 2024 | 1,175,602 | 33,195 | 97,107 | 87,425 | 1,393,329 | |
| Depreciation | ||||||
| At 1 April 2023 | 390,953 | 0 | 89,116 | 65,505 | 545,574 | |
| Charge for the year | 24,242 | 8,299 | 2,696 | 6,509 | 41,745 | |
| On disposals | 0 | |||||
| At 31 March 2024 | 415,195 | 8,299 | 91,812 | 72,014 | 587,319 | |
| Net book value | ||||||
| At 31 March 2024 | £ | 760,407 £ | 24,896 £ | 5,295 £ | 15,411 £ | 806,009 |
| At 31 March 2023 | £ | 784,649 £ | 0 £ | 7,991 £ | 21,043 £ | 813,683 |
Page 15
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Other creditors | £ | 10,095 £ | 7,495 | ||||
| Accruals | 500 | 350 | |||||
| 10,595 | 7,845 | ||||||
| STATEMENT OF FUNDS: | STATEMENT OF FUNDS: | ||||||
| Brought | Incoming | Resources | Transfers | Carried | |||
| Forward | Resources | Expended | in/(out) | Forward | |||
| £ | £ | £ | £ | £ | |||
| 12 | UNRESTRICTED FUNDS | ||||||
| General Funds | 1,010,322 | 200,363 | (225,028) | 985,657 | |||
| 13 | RESTRICTED FUNDS | ||||||
| Women Forum | 1,014 | 1,014 | |||||
| Madrasa Fund | 1,904 | 125 | 2,029 | ||||
| Father Day Fund | 729 | 729 | |||||
| Trip Fund | 45 | 45 | |||||
| Carnival Fund | 59 | 59 | |||||
| Youth Forum | 333 | 333 | |||||
| Mother Day fund | 1,140 | 1,140 | |||||
| Madrasa Sponsorship fund | 125 | 125 | |||||
| Water Club | 4658 | 2,017 | (3,232) | 3,443 | |||
| Individual restricted fund | 2675 | 6,380 | 9,055 | ||||
| Mosque painting | 1485 | 1,485 | |||||
| Van Fund | 13470 | 500 | (13,970) | 0 | |||
| Heating System | 5250 | (5,250) | 0 | ||||
| 32,887 | 9,022 | (22,452) | 0 | 19,457 | |||
| SUMMARY OF FUNDS | Brought | Incoming | Resources | Transfers | Carried | ||
| Forward | Resources | Expended | in/(out) | Forward | |||
| £ | £ | £ | £ | £ | |||
| General Funds | 1,010,322 | 200,363 | (225,028) | 0 | 985,657 | ||
| Restricted Funds | 32,887 | 9,022 | (22,452) | 0 | 19,457 | ||
| 1,005,114 |
Page 16
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | ||||
| Members Contribution | ||||
| Weekly Collections (Sunday) | 37,607 | 32,743 | ||
| Monthly Subscriptions - DD & Cas | 26,640 | 27,907 | ||
| Bushra Night | 461 | 602 | ||
| Fidau collections | 14,548 | 15,134 | ||
| Ramadhan collections | 24,735 | 32,925 | ||
| Laylatul Quadr collections | 3,095 | 4,192 | ||
| Naming Ceremony | 1,295 | 2,305 | ||
| Charitable Collections | 7,327 | 14,203 | ||
| Qur'an Day | 8,077 | 8,591 | ||
| Mosque Fund | 3,399 | 2,494 | ||
| Walimat Ceremony | 5,651 | 1,004 | ||
| Birthday | 2,755 | 5,371 | ||
| Khaf | 193 | 40 | ||
| Kunfuyakun | 2,905 | 2,127 | ||
| Qurbani | 14,138 | 7,586 | ||
| Special prayers | 5,644 | 6,346 | ||
| Sadaq | 10,755 | 8,289 | ||
| Table Hire | 30 | 0 | ||
| Eid-el-Kabir | 1,344 | 2,446 | ||
| Madrasa fees | 8,515 | 5,536 | ||
| Maulud Nabbyyi collections | 4,208 | 4,383 | ||
| Jumat Services | 9,857 | 8,620 | ||
| Tarawih collections | 1,110 | 689 | ||
| Yah Lateef Night | 440 | 0 | ||
| Nikhai | 50 | 400 | ||
| Itikaf | 50 | 230 | ||
| Total restricted funds | 9,022 | 22,682 | ||
| 203,851 | 216,845 | |||
| Investment income - cash | ||||
| Interest Received | 328 | 457 | ||
| Used of Mosque | 2,950 | 5,970 | ||
| Used of Madrasa | ||||
| 3,278 | 6,427 |
Page 17
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other incoming resources | ||||
| Sale of prayer books | 105 | |||
| Sale of CD/ Calendar | 2,256 | 872 | ||
| Compensation | 150 | |||
| Proceeds from sale of Van | ||||
| 2,256 | 1,127 | |||
| TOTAL INCOME | 209,385 | 224,399 | ||
| LESS: EXPENDITURE | ||||
| Education Project | ||||
| Travelling | 13,340 | 12,680 | ||
| 13,340 | 12,680 | |||
| Publicity costs | ||||
| Books & Publications | 2,618 | 8,660 | ||
| 2,618 | 8,660 | |||
| Support costs for activities | ||||
| Functions | 22,730 | 24,883 | ||
| Printing and stationery | 322 | 2,278 | ||
| Motor running | 2,501 | 0 | ||
| Telephone | 1,536 | 1,203 | ||
| Travelling | 15,245 | 9,001 | ||
| Charitable donations | 11,356 | 19,536 | ||
| Food & provisions | 42,395 | 40,637 | ||
| Subscription | 172 | 115 | ||
| Health & Safety | 1,551 | 900 | ||
| Entertainment | 350 | 0 | ||
| Decoration | 200 | 550 | ||
| Total restricted expenses | 22,452 | 0 | ||
| 120,810 | 99,103 |
Page 18
ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Establishment costs | ||||
| Water rates | 40 | 60 | ||
| Non Domestic rate | 4,857 | 3,532 | ||
| Light and heat | 32,077 | 14,036 | ||
| Cleaning | 14,586 | 11,755 | ||
| Insurance | 3,001 | 2,789 | ||
| Repairs and maintenance | 10,186 | 7,442 | ||
| 64,748 | 39,614 | |||
| Sub - Header | ||||
| Resources Expended on Managing and | ||||
| Administering the Charity | ||||
| Independent examiners fees | 500 | 500 | ||
| Professional fees | 150 | |||
| Bank charges | 3,718 | 2,865 | ||
| 4,218 | 3,515 | |||
| Management & Administrative - depreciation | ||||
| Depreciation - motor van | 8,299 | |||
| Depreciation - office equipment | 6,509 | 8,698 | ||
| Depreciation - fixtures & fittings | 2,696 | 4,679 | ||
| Depreciation - freehold property | 24,242 | 24,242 | ||
| 41,746 | 37,620 | |||
| TOTAL EXPENDITURE | 247,480 | 201,192 | ||
| NET INCOME FOR THE YEAR | (38,095) | 23,207 |
This does not form part of the financial statements
Page 19