ABU-BAKR MASJID ABU BAKR MASJID TRUST Trustees Report and Financial Statements for the st year ended 31 March 2023 Reglstered Charfty Number: 1064014 Address: 330 Oxford Road, Reading RG30 IAF Webslte: www.abmreadln .or Abu Bakr Masjid, 330 Oxford Road, Reading. RG30 IAF 0118 958 1833 Re8iStered Charity Number. 1064014 madrassa@abmreadin8.org - info@abmreadin&org & v￿￿.abMreadlng.Or8 ABU-BAKR IA%III) srRucfuRE, GOVERNANCE and MANAGEMENT: The Trust was estsblished by trust deed dated 24 June 1997 as amended by deed of variation on 14th July 1997. The Trust was registered with the Charity Commission on 19 August 1997. The Trustees presented the annual report and financial statements of the Trust for the year ended 315t March 2023. The Trustees who seNed during the yearand uptothe date of thls report are,. - Mr Mohammad Sai)od Mr Jawed Iqbal - Mr Mohammad Tariq - Mr Ahmed Gaffar Dr Ali Asghar - Mr Khalid Mahmood Appolntment of new Trustees: Appointment of new trustees is Inltlated by a resolutlon of the exlstin8 trustees who present selected names and those agreed upon by majority are appointed. During the year, the board agreed to appolnt two new Trustees as listed below. - Mr Ahmed Khan - Dr Avas M A Asghar OBJECTIVES and AcnvmES: The Trust was establlshed with the intention of building a purpose-bullt Islamic Centre in the west of Readlng to promote the teaching5 of Islam, provide Islamic education to the Muslim community and other charitable services whlch are beneficlal to the wider community including the facilities for congregatlonal prayer in ttre Borough of Readln8 and to provide other facilities in the interest of social welfare to those who have a need. Durlng the year. the Trust contlnued to pr￿Ide ser¥ices in attordance with Its manlfesto ènd ralsed funds through collections and donations to enable the improvement and further development of the Centre. PROGRESS: The Centre has been operational for almost 10 years now when it first opened during the month of Ramadan in 2013, to provide facilities for the congregational prayers. Soon after Its opening, evening Abu Bakr Masjid. 330 Oxford Road. Reading, RG30 IAF 0118 958 1833 Registered Charity Number. 1064014 madrassa@abmreading.ory . info@abmreadin&ofg Q vN4wAbmreading.or8 ABU-BAKR school Imadrassah) was opened for children to provide dasses for the Islamic education and Arabic language courses. Madrassah is gradually expanding to cater further educational needs of the Muslim community. It now offers a ran8e of courses in Islamic education to all children as well as adults. In September 2020, a new class (year 71, for both boys and girls. was introduced. In 2021, ABM Madrassa started another new class (year81 for t￿th boys and girls and started new short Islamic courses for brothers and 515ters. During the year a number of extra curriculum artivities were provided e.g. Madrassa children trip to Chessington Park, summer camp, Ramadan Quran competition and a grand final assembly also took place in July 2022 to award and recognise the wonderful achievements of students a5 well as teaching staff. Slmilarly, the Masjid services contlnued to be provided throughout the year. In addition to the normal congregational and funeral prayers. ABM invited various renowned Islamic scholars to deliver talk5, held fitness sesslons for both brothers and sisters and organised community fun day which was very well attended by the community. Masjid bulldlng maintenance and usual upkeepin8 of its faolities were rnaintained to the hlghest standard. Trust also bought another property durlng the year to accommodate the newly hired Imam and his family. FUNDRAISING: We continue to fundraise, primarily from the congregatlon durln8 Juma'h (Friday prayer) ancl Ramadan in particular. After the end of the pandemic, the Centre was fully operational throughout the year and all seniices and activities fully resumed this year. As a result of this. the donatlons collected durlng the year were over 30% more compared to the last year. Increase in donations thls year Is also contributed by introduction of card payments temiinals. TRusfEES REPORT FOR THE YEAR END 31 MARCH 2022: The Trust has regular donatlons coming through the standing orders plus weekly collections from community on Friday prayer. It is envisaged that this re8ular funding wlll contlnue into the foreseeable futu￿. It is the Trust pollry that unrestricted funds which have not been specifically deslgnated for a specific use should be maintained at a level above six months expenditures. The Trustees consider reserves at this Itwel will ensure that. In the event of a significant unexpetted drop in donation5, they will be able to continue the Trust's current activities while consideration is given to ways in which addition31 funds may be raised. The level of reserves maintained throughout the year was above this minimum Abu Bakr Masjid, 330 Oxford Road, Reading, RG30 IAF 0118 958 1833 Registered Charity Number. 1064014 madrassa@abmreading.org - info@abmreadin&org & www.abmreading.org ABU-BAKR MASJID level. During the year. there was no major expenditure related to any specific project, only the general maintenance of the buildings and staff remunerations were the maln expenditures. statement of financial position shows an increase of £340k in fixed assets compared to last year, this is due to the purchase of a new propertyto accommodatethe Imarn. Statement of Trustees. responsibilitles The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice). Law appllcable to charities in Englond and Wales requires the Trustees to prepare financlal statements for each financial year which 8ive5 a true and fair view of charlty and its Incoming resources and application of resources of the charity for that year. In preparing these financial statements the Trustees are required to.. Select Sultable accounting poliues and then apply them consistentlv Observe the methods and principle5 In the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financlal rtatements and Prepare the flnanclal statements on the going concem basls unless It Is Inapproprlate to presume that the Trust will continue In operation. The Trustees are responsible for keepin8 proper accountin8 records which disclose with reasonable accurary at any tlme the financial position of the charity and enable them to ensure that the flnancial statements comply with the Charitie5 Act 1993, 2006 and 2011 - and the Charity IAccounts and Reports) Regulations 2C(J8. They are also responsible for safeguardin8 the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board of Trustees Tru5tee_ Trustee _ Abu Bakr Masjid, 330 Oxford Road. Readin& RG30 IAF 0118 958 1833 RegM5te￿d Charity Number. 1064014 madrasSa@abmreadin8￿r8 - inf(¥@aI)M￿ad1nB.Org Q V4WWAbmreading.org AAj￿￿a4IdTrn Irccrrpg&ffrE* f¢rtlE￿i(xl 3P 2025 2022 Oonatlons Collected 219,411 164,679 Other Income 181.750 169,580 Totsl Income 401.161 334,259 Salarles and wages 1151A)71 1143,1781 Other admlnlstrative Expenses 167.8711 152,3651 1219,2781 1195,5431 Net Operatlng Income 1,883 138,716 Bank Charges Prof￿ for the perlod 1.883 138.716 L-olher I￿¢￿e retsies lo1￿ fol Madrns$8 F••8 tolk*Ltsd Pro Inctsm• Chari collectsd and dknlrfbu eank corwiK)n 139.240 93 32.WO) 9.021 628 14 181.750 07 2- Other admln1stra1￿ expenses rel•tÈto thefolknwi s Maint•nanu and Insurnnc8 41.341 61 4.262 25 12.818 65 021 (YJ 628 14 67.87185 Le al Fees Madra$sa su Ch8 collected aThJ d$trt)utsd Bank Ccrrecbon d firw(ia FtSt1￿ a5a NtrXQ3 Notes 2022 Fix•d A88ets Land and Building Motor Vehicles 1.462,744 1,120,544 Flxture and Fittin8S Intangible Assets 1,462,744 1,120,544 Current Assèts Debtors Cash at bank and In hand 186,012 346,329 186,012 346.329 Current Ilabllltles Credltors Short term loans Accruals N•t Current Assets 106,012 346.329 Long Term Liabilities 125.ClXII 125,Q)01 Total Net Ass•ts 1.623,756 1,441.873 Flnanc•d by Retalned Earnings 1,441,873 1.303.157 CUr￿nt Eamin8S 181,883 138 716 1.623,756 1,441,873 1.623,756 1.441,873 SMAT & CO. ACCOUIITANTS TO WHOM IT MAY CONCERN 30January 2024 Deir Slrlmadam RE.. A BAKR MASJIDTR ed Charl No.1 We hereby conflrm that we have reviewed the Inwme Statsment and Balance sheet for the period ended 31 March 2023 prepared by the Trustee5. We have valldated both, the Income Statement and Balance sheet against all thè documents, informatlon and explanation5 provided to us and hereby give our approval for submisslon. If there are any questions, then please do not hesltate to contact us and we wlll be happy to help. Yours faithfully Farrukh Khan FCCA rrtskh SMAT & CO. ACCOUIITAMT$." 365 OxlordRoad. Reodinq. Berkshlre, R630 IHA Tel.. 0118 950 9841 Moblle.. 07957180865 asmatoccountonts.co.uk www.asmotaccountant&¢o.uk Emqil..