Charity Registration Number
1067104
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 7 |
| Detailed Statement of Financial Activities | 8 |
For The Year Ended 31 December 2023
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE REPORT OF THE TRUSTEES (CONTINUED)
STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objective of the charity is to promote the Muslim faith.
Significant activities
For the purpose of attaining the aforesaid objectives, but not otherwise, the charity shall provide the following services and activities currently provided, maintained or otherwise sponsored by the mosque:
Promotion of the Islamic Faith Create more interfaith dialogue and events Provide a place of worship Provide information of health and social welfare Provide Quranic classes Provide bereavement services Hold regular prayers Perform funeral prayers Provide literature about Islam
Public benefit
When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit and, in particular, the specific guidance for the advancement of religion.
ACHIEVEMENT AND PERFORMANCE
The charity has achieved the following objectives this year:
Islamic Exhibition (help promote Islam to the larger community and organisations) Open Day (Open the doors to the mosque and let people discover what happens in a mosque) Islamic education for children and adults Enhance bereavement services Purchase a new building to help increase and improve educational facilities Provide more help and support for the local community through more community projects in the new building Nikah Service (Islamic Marriage) Youth social events now being held at the new centre Complete funeral service now available at the new centre Improvments made to the Islamic centre to create more space to be able to hold events. Provision of extra children's classes t accommodate the increase in numbers of children.
FINANCIAL REVIEW
The charity held £217,440 (2022 - £611,111) in bank accounts at the balance sheet date.
ON BEHALF OF THE BOARD:
.............................................. Trustee
Date: ...................................
1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
I report on the accounts for the year ended 31 December 2023 set out on pages 4 to 7.
Respective responsibilities of the trustees and 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
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. examine the accounts under Section 145 of the 2011 Act
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. to follow the procedures laid down in the General Directions given by the
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Charity Commission (under section 145(5)(b) of the 2011 Act); and
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. to state whether particular matters have come to my attention.
Basis of the 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 present a true and fair view' and the reoprt is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in, any material respect, the requirements
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. to keep accounting records in accordance with Section 130 of the 2011 Act; and . to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
(2) t o which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
EXCEL ACCOUNTANTS (BEDS) LTD
Excel House
3 Duke Street Bedford Beds MK40 3HR
Date:………………………………………
2
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2023
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Rental Income Other incoming resources Total Incoming Resources RESOURCES EXPENDED Charitable activities Promotion of the Muslim Faith Governance costs Total Resources Expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Fund 2023 450,310 9,990 460,300 380,081 12,673 392,754 67,546 2,271,252 2,338,798 |
Total Funds 2022 592,631 11,853 604,484 302,762 40,850 343,612 260,872 - 2,010,380 2,271,252 |
|---|---|---|
3
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
BALANCE SHEET
At 31 December 2023
| FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS/(LIABILITIES) NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
Notes 4 5 6 |
Unrestricted Fund 2023 1,908,302 600 218,744 219,344 (49,013) 170,331 2,078,633 2,078,634 2,078,634 1 - |
Total Funds 2022 1,448,839 600 612,415 613,015 (50,767) 562,248 2,011,087 2,011,087 2,011,087 |
|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees on ........................ and were signed on its behalf by:
.............................. Trustee
4
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historic cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Equipment - 20% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
5
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023
3 STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows : Administration No employees received emoluments in excess of £60,000. 4 TANGIBLE FIXED ASSETS Freehold Fixtures and property fittings £ £ COST At 1 January 2023 1,436,172 64,627 Additions 460,268 Disposals At 31 December 2023 1,896,440 64,627 DEPRECIATION At 1 January 2023 - 55,502 Charge for year 1,369 At 31 December 2023 - 56,871 NET BOOK VALUE At 31 December 2023 1,896,440 7,756 At 31 December 2022 1,436,172 9,125 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Taxation and social security 13,462 Other creditors 35,551 49,013 |
2023 2022 £ £ 117,112 86,329 2023 2022 5 5 Equipment Totals £ £ 32,211 1,533,010 1,590 461,858 - 33,801 1,994,868 28,669 84,171 1,026 2,395 29,695 86,566 4,106 1,908,302 3,542 1,448,839 2022 £ 17,843 32,924 50,767 |
|---|---|
6
JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2023
| 6 MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.1.23 in funds At 31.12.23 £ £ £ 2,011,087 67,547 2,078,634 2,011,087 67,547 2,078,634 |
|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 460,300 (392,753) 67,547 460,300 (392,753) 67,547 |
|---|---|
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JAMIA MASJID GULSHAN-E-BAGHDAD MOSQUE COMMITTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2023
| INCOMING RESOURCES Voluntary income Donations Grants Kashmir Subscriptions Children contributions Funeral donations Radio rentals Centre hire Rental income Calendar Charity collections Total incoming resources RESOURCES EXPENDED Charitable activities Wages Pension Teachers wages Rent, rates and water Insurance Light and heat Telephone Postage, stationery and books Sundries Repairs and renewals Cleaning and catering Funeral costs Fixtures and fittings depreciation Computer equipment depreciation Radio and equipment Books Speakers and Imaam Safeguarding training Catering Minibus costs Donations Mat & signs Governance costs Accountancy Professional and planning fees Bank charges Interest on late payment of taxes Total resources expended Net income |
2023 £ 391,278 59,032 9,990 - 460,300 117,112 2,416 1,371 9,907 4,159 21,765 1,593 1,339 1,587 46,761 360 6,241 1,369 1,026 - - 1,341 600 161,133 380,080 3319 6287 2,771 296 12,673 392,753 67,547 |
2022 £ 200,393 392,238 11,853 - 604,484 86,329 1,415 - 8,583 3,069 15,893 1,663 661 - 113,884 3,705 3,340 1,610 885 2,430 327 9,445 864 - 48,658 302,761 720 35,993 3,319 818 40,850 343,611 260,873 |
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