ABU-BAKR MASJID ABU BAKR MASJID TRUST Trustees Report and Financial Statements for the st year ended 31 March 2024 Registered Charity Number: 1064014 Address: 330 Oxford Road, Reading RG30 IAF Website: www.abmreadin .or Abu Bakr Masjld, 330 Oxford Road, Readln& RG30 IAF 0118 958 1833 Re8lstered Charlty Number, 1064014 madrassa@abmreadln8.or8 - Info@abmreadln8.or8 Q www.abmreadln8.or8 ABU-BAKR MASJID STRUCTURE. GOVERNANCE and MANAGEMENT: The Trust was established by trust deed dated 24th June 1997 as amended by deed of variation on th 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 st 31 March 2023. The Trustees who served during the year and up to the date of this report are; - Mr Mohammad Saood Mr Jawed Iqbal - Mr Mohammad Tariq - MrAhmed Gaffar Dr Ali As8har Mr Khalid Mahmood - Mr Ahmed Khan - Dr Avas M A Asghar OBJEcfivES and ACTIVITIES: The Trust was established with the intention of building a purpose-built Islamic Centre in the west of Reading to promote the teachings of Islam, provide Islamic education to the Muslim community and other charitable services which are beneficial to the wider community including the facilities for congregational prayer in the Borough of Reading and to provide other facilities in the interest of social welfare to those who have a need. During the year, the Trust continued to provide services in accordance with its manifesto and raised funds through collections and donations to enable the improvement and further development of the Centre. PROGRESS: The Centre has been operational for over 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 school (Madrassah) was opened for children to provide classes 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 range of courses in Islamic education to all children as well as adults. In September 2020, a new class (year 7). for both boys and girls, was introduced. In 2021. ABM Madrassa started Abu Bakr Masjid. 330 Oxford Road, Readin& RG30 IAF 0118 958 1833 Reglstered Charlty Number. 1064014 madrassa@abmreading.or8 - info@abmreading.org Q www.abmreadin8.org ABU-BAKR MASJID another new class (year8) for both boys and girls and started new short Islamic courses for brothers and sisters. In September 2023, the Madrassa was further expanded by starting 6 new classes for children age 5 - 19 years. This expansion was a significant milestone as the new classes provided opportunities to some of the elder children who never had the opportunity to learn the Islamic education including learning of Quran. This expansion also included a regular engagement programme for Teen age boys and girls in two separate classes running on every Sunday. During the year a number of extra curriculum activities were provided e.g. Madrassa children trip to Chessin8ton Park, summer camp, Ramadan Quran competition and a grand final assembly also took place in August 2023 to award and recognise the wonderful achievements of students as well as teachin8 Staff. Similarly, the Masjid services continued to be provided throughout the year. In addition to the normal congre8ational and funeral prayers, A8M invited various renowned Islamic scholars to deliver talks, held health workshops for both brothers and sisters and organised community fun day which was very well attended by the community. Masjid building maintenance and usual upkeeping of its facilities were maintained to the highest standard. FUNDRAISING: We continue to fundraise, primarily from the con8re8ation during Juma'h (Friday prayer) and Ramadan in particular. We also raised funds via pled8es on Eid day, the donations collected during the year were pretty consistent compared to the previous year with a slight increase of £15k. TRUSTEES REPORT FOR THE YEAR END 31 MARCH 2024: The Trust has regular donations coming through the standing orders plus weekly collections from community on Friday prayer. It is envisaged that this regular funding will continue into the foreseeable future. It is the Trust policy that unrestricted funds which have not been specifically designated for a specific use should be maintained at a level above six months expenditures. The Trustees consider reserves at this level will ensure that, In the event of a significant unexpected drop in donations, they will be able to continue the Trust's current actlvities while consideration is given to ways in which additional funds may be raised. The level of reserves malntained throughout the year was above this minimum level. Durln8 the year, there was no major expenditure related to any specific project, only the general malntenance of the bulldin85 and staff remuneratlons were the main expenditures. Abu Bakr Ma5Jld, 3JO Oxford Road, Readlng, RG30 IAF 0118 958 1833 Re8lstered Charlty Number.. 1064014 madrassa@abmreadln8.or8 - Info@abmreadln8.or8 Q www.abmreading.org ABU-BAKR MASJID No properties were bought or sold durin8 this period. Statement of Trustees, responsibllities The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of charity 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 suitable accounting policies and then apply them consistently Obsep4e the methods and principles 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 material departures disclosed and explained in the financial statements and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation. The Trustees are responsible for keeping proper accounting record5 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 1993, 2006 and 2011 - and the Charity (Accounts and Reports} Regulations 2008. 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. On behalf of the board of Trustees Trustee .... Abu Bakr Masjld, 330 Oxford Road, Readlng, RG30 IAF 0118 958 1833 Reglstered Charlty Number. 1064014 madrassa@abmreadln8.or8 - Info@abmreadln8.or8 Q www.abmreadln8.or8 Va4'idTn IruJregaaTr* f¢TtIE FHicd 3 Notes 2024 2023 Donations Collerted 233,948 219,411 Other Income 205,857 181,750 Total Inc(xne 439.805 401,161 Salaries and wages {207,0421 (151,407) Other administrative Expenses 1101,9871 (67.8711 {309,0291 (219,278) Net Operating Income 130,776 181,883 Bank Charges {1,896) Profft for the period 128.880 181.883 Notes: l- Other income retates to the followin8 2024 158.433 40.560 6,864 2023 139,241 32.860 9.021 628 181.750 Madrassa Fees collected Pro Charrt Other collected and distributed 205.857 2_ Other admlnlstratfr¥fe expenses relate to the followln8 2024 2023 Buildin s related costs al & Professional fees lJa4r4SS(I SU IILJS Ch(Iril (.lJlli..f.Ic(J dnd dislribuled Other 70,015 41.342 4,262 12.619 9,021 628 67.872 20.988 7.646 2.831 101.987 FtBti(nasa 314 2( Notes 2024 2023 Fixed Assets Land and Building Motorvehicles 1,462,744 1,462,744 Fixture and Fittin8S Intangible Assets 1,462,744 1,462,744 Current Assets Debtors Cash at bank and in hand 314,892 186,012 314,892 186,012 Current Ilabllltles Creditors Short temi loans Accruals Net Current Assets 314,892 186,012 Long Term Liabilities 125,IJ)O) (25,LKX)) Total Net Assets 1,752,636 1,623,756 Flnanced By Retained Earnings 1.623,756 1,441,873 Current Earnings 181883 1,752,636 1.623,756 1,752,636 1.623,756 TAXWIDE LTD 354 Oxford Road, Reading, Berkshire RG30 IAQ UK Tel: 0118 304 9833 info@taxwide.co.uk www.taxwide.co.uk "I"Ii TAXWIDE Chartered Certified Accountants th Date: 24 January 2025 RE: ABU BAKR MASJID TRUST- Re istered Char" No. 1064014 To whom it may concern, We hereby confinn that we have reviewed the Income Statement and Balance Sheet for the period ended 31 March 2024. prepared by the Trustees. We have validated both the Income Statement and Balance Sheet against the documents, information and explanations provided to us and herby give our approval for submission. If you have any questions, please do not hesitate to contact us on the details above. Yours Faithfully, Aftal Hussaln FCCA, Bsc (Hons). TAXWIDE LTO Whllit thelnlormotlon fivovld•d ollov• Is b¢lleved to be tflle, Itls w￿l0¢d wlthoutiKcewon¢• by TUWlQf L Tgolwry f•4>￿1+%11ty whowever. ond ony u6• you wlih io mok• ol the In1￿mOtIon ts Ih¢felN•, ¢nlliefy ot yo¥f own rts*.