Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Charity Number: 1070735 MASJID AND MADRASAH AL-TAWHID TRUST Trustees, Report and Fin2neial Statements For the year ended 31 December 2022
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Contents Page Legal and Administrative lllformatlOD R¢por¢ of the Trustees Statement of Trustees re5pon5ibilities Ityd¢peThdent Examiner's Report Statement of Finaneial Activities Balance Sheet Notes to the Fillallcial StstemeDts 9-13 Detail Sts¢ement of Financial Aetivities 15
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-TaJvhid Trust Legal and administrative information Charity number 1070735 Registered office 80 High Road Leyton London E15 2BP Trustees Sheraz Ahmed _ Chairman Mohammed Idrees Sethi - Vice chairman Mohamed Patel Mehmud Patel Sadiya Shaikh - Secretary Yusuf Patel - Treasurer Gulam Hussein Seedat Rizwan Ahmed Nosheen Farooq Mohammad Waheed Farooq Mustafa Idrees Shakeel Ahmed Kunwar Ind¢pendenl examiner Young & Co Accountants Ltd Chartered Certified Accountants & Auditors 160¢ Fencepiece Road London, IG6 2LB Bankers Barclays Bank pl
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Report of the trustees For the year ended 31 D¢¢ember 2022 The trust present their report and the financial staletnents for the y¢ar ended 31 December 2022. The trustees who s¢ryed during the year and up to the date of this report a set out on page 3. Structure? governance and management Masjid and Madrasah Al-Tawhid Trust is registered with the Charity commission (Registration Number 1070735) and constituied by the deed of trust. The charily takes into account exp¢ri¢n¢¢, qualifications and dedication to charitable causes when recruiting and appointing new trustees. The charity provides ongoing training for its trustees. Risk management The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposur¢ to these risks. Objective and a¢¢ivities Masjid and Madra5ah Al-Tawhid is a non-political, religious organisation established in 1998. It is an independent charity with religiou5 and education activities catering primarily to the Muslims in the London Borough of Waltham Forest. The Trust'5 activities for the year can be summarised as.. daily congregational prayers, Friday- semons, celebrating the two Etd prayers, holds regular Islamic lectures, evening school for the children aged 5 to 15 from Monday to Friday. Funeral prayers are perfornied whenever required. Youth club a¢¢ivities foi boys and girls including football basketball self-defense and karate classes for young boys are undertaken on a regular basis. The Irust holds organizes a weekly foodbank at Mosque premises providing basic foods to local residents in hardship, also provides support for the humanitarian relief by way of collecting Zakat and Zakatul Fitr money (Obligatory Charity) from congregation and pa55 it to the people in need directly or using other reputable charities. Every year the Irust provides lftaar food and full meal as well in last ten days of Ramadan. It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which provides sufficient funds to cover management, administration and support costs.
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madr#sah Al-Tawhid Trust Statement of trnstees, responsibilities For the year ended 31 December 2022 The trustees are r¢sponsible for preparing the trustees, Annual Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales required the trustees to prepare financial statements lor each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to.. select suitsbl¢ a¢¢ounting policies and then apply them consistently. - observe the methods and principles in the Charities SORP- - make judg¢tnents and estimates that are reasonable and prudent. stste 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 pr¢sume that the charity will continue in operation. Thc trustees are 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 1993 and the Charity (Accounts and R¢ports} Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence foi taking reasonable step5 for the prevention and d¢t¢¢tion of fraud and other irregularities. On behalf of the board Sheraz Ahmed Chairman Date: 119115.
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Ind¢pend¢nt Examiner's Report To the Trustees, of Masjid and Madrasah Al-Tawhid Trust We report on the a¢counts of the Trust for the year ended 31 De¢¢rnber 2022 Respective rosponsibilities of Trustees and Examiner The Lharity's trustees are responsible for the preparation of the aecounts. The Trustees of the charity Considered that an audit is not required for thi5 year under section 43{2) of the Charities Act 1993 and that an independent examination is needed. It is our responsibility to= Examine the accounts under section 43(3)(a) of the Charities Act 1993 To follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Charities Act 1993 To state whether parti¢ulars matters have come to my attention Basis of Examiner's Statemenl Our examination was carried out in accordance with the General Directions by the Charity Commission. ATE examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation 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 we do not express an audit opinion on the accounts. Independent Examiner's Statement In connection with our examination, no rnatter has come to our attention which gives us reasonable cause to believe that, in any material respect, the requirement= To keep accounting records in accordance with section 41 of the 1993Act- and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have been met. No matter has come to our attention in connection with our examination to which, in our opinion, altention should be drawn in order to enable a proper understanding of the accounts to be reached. DocuSnby'. Young & èo'Ae¢ountants Ltd Chartered Certified Accountants & Auditors 160c Fencepiece Road London, IG6 2LB Date: 12-09-2023 1 06'.18 PDT
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Statement of financial activities For the year ended 31 December 2022 Unrestricted Restricted funds £ funds £ 2022 2021 Notes Incoming resources Incoming resources from genernting funds= Voluntsry income Investment income Other incoming resources Total incoming resources 282.150 516 18,958 301,108 516 231,026 46 282,666 18,958 301,624 231,072 Resources expended Charitsble activities Total resources expended 300,432 300,432 300.432 300,432 223,385 223,385 Net movement in funds (17,766) 1,192 7.687 Total funds brought fonvard Total funds carried fonvard 1,662,125 1.644,359 1,662.125 1,654,438 1,663,317 1.662,125 18,958 The statement of financial activities includes all gains and losses in th¢ year and therefore a separate statement of total re¢ognised gains and losses has not b¢en prepared. All of the above amounts relate to ¢oniinuing activities.
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Balance Sheet AS at 31st De¢ember 2022 Not 2022 2021 Fixed assets Tangible assets Current gssets Cash at bank and in hand 1,539,598 1,582,911 562.089 516,746 Creditors: amounts falling due within one year (2,550) (1,712) N¢t ¢urrent assets 559,539 515,034 Total assets less current liabilities 2,099,137 2,097,945 Creditors: amounts falling due aft¢r more than one year (5,000) (5,000) Net assets 2,094,137 2,092,945 Funds Restricted income funds Unrestricted income funds Revaluation Reserve io 14,709 1.663,317 416,111 14,709 1,662,125 416.111 Total fund$ 2,094,137 2,092,945 The financial statements were approved by the trustees on 3 Ih August 2023 and signed on ils behalf by On behalf of the i)oard Mehmud Patel Trustee
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and MadrasAh Al-Tawhid Trust Notes to th¢ Financial Statements For the year ended 31$t December 2022 Accounting policies The principal accounting policies are SUmTnarised below. The accounting policies have been applied consistently throughout the year and the preceding year. Basis of accounting The financial statem¢nls are prepared under the historical cost convention and in accordan¢e with the Slate]n¢nt of Recommended Practice 'Accounting and Reporting by Charitl¢S' l55ued in March 2005 (SORP 2005) and the Charities Act 1993. Cash flow The Charity has taken advantage of the exemption in FRSI from the requireTnents to produce a cash flow statement because it is small charity. lllcoming resources All incoming resources are included in the statement of fin8ncial activilies when the charity is entitled to the income and the amount can be quantified with Tea50nable accuracy. The following specific poli¢i¢s are applied to parti¢ular tegorIeS of in¢ome'. Voluntary income is received by way of grants. donations and gifts and is included in full in the ststement of financial actiVtIeS whcn r¢ceivable. Grants where entitlement is not conditional on the delivery of a specifi¢ perforniance by the charity are recognised when the charity beMeS unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Income from investments is in¢luded in the year in which il is receivable.
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Notes to Ébe finanei21 statements For the year ended 31 December 2022 Resourees expended Expenditure is recognised on an a¢¢rual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising putP05es including Il)¢ charity's shop. Charitable expenditure comprises those costs in¢urred by the charity in the delivery of its activitie5 and services for its beneficiaries. li includes both costs that can be allocated dir¢ctly to Such activities and those costs of an indir¢cl Trature necessary to SUPPDrt them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Tangible fixed 2s$et5 and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculaied to write off the cost less residual value of each asset over its eX¢t useful life, as follows.. Freehold land is not depreciated Freehold buildings Fixtures, fittings and equipment - 20/0 Straight line 250/0 Reducing Balanc¢ Voluntary income Unrestricted Funds £ 2022 Total £ 2021 Total £ 219,092 Donations Mas id Ineome Friday Collectio Masjid Funds Sadaqha 33,822 28,059 23.603 33,822 28,059 23.603 id Rental Incotne Flat Rent Vodafone Mask Garage Rent 17,050 16.100 16,120 17,050 16.100 16,120 Continued on next page.... io
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Unrestrictsd 2022 Ma$ id Hall Hire Funds£ 4,560 1,580 600 Total £ 4,560 1,580 600 Masjid Hiring Services Nikkah Funeral Service Illas id Other Income Calendar Salelsponsors Oiher Card Machine Food Bank 2,010 20,691 56,178 5,636 2,010 20,691 56,178 5,636 Madrasah Service Income Madrasah Fees 52,036 52.036 Total 27 27 Investment income Unrestricted Funds £ 516 2022 Total £ 516 2021 Total £ 46 Bank interest receivable Other incoming ro8ources Restricted Funds £ 2022 Total £ 2021 Total £ Donaiions received for orphans Costs of charitable activities- by fund type Unrestricted Funds £ 282,150 2022 Total £ 282,150 2021 Total £ 223,385 Activities undertaken directly & support costs
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Notes to the financial statements For the year ended 31 December 2022 Employees Employment Costs 2022 2021 Wages and salaries Social security costs 84,366 55,654 84J66 55,654 7. Tangible Fixed A55ets & building Fixtures, fJttin&, Total Freebold £ & equipment£ C05t At l January 2022 AdditlODS for the year 2,116,724 77.520 2,194,244 At 31 December 2022 2.116,724 77,520 2,194,244 Depreciation At l January 2022 Charge for the year At 31 December 2022 537,730 42.334 580,064 73,603 979 74,582 611.333 43,313 654,646 Net book values At 31 December 2022 At 31 December 2021 1,536.660 1,578,994 2,938 3,917 1.539,598 1,582,911 Creditors: Amounts falling due within oneyear 2022 2021 Other taxes and social security 2,550 1.712 2,550 1,712 12
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Notes to the financial statements For the year ended 31 December 2022 9. Creditors: Amounts falling due after more than one year 2022 2021 Interest free loan 5,000 5,000 10. Unrestricted Funds Al l January Incoming 2022 £ Resources £ Outgoing Resources £ 31 December 2022 £ General funds ,662,125 301,624 (300.432} 1,663,317 Purposes of unrestricted funds General funds are used for d&y lo day running of the charity. Restricted Funds At l January 2022 £ At 31 December 2022 £ Orphan relief funds Zakat Income Sadaqah 17,354 29,489 14,473 19,479 22,341 The net movemeni in the reStricd funds during the year was £8,433 11. Revaluation Reserve Land & Buildings was revalued in the year 2013. The revaluation was done by an Independent Valuer for the Charity. 13
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah AkTawhid Trust The following page does not form part of the statutory aeeounts 14
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF Masjid and Madrasah Al-Tawhid Trust Detail Statement of financial activities For the year ended 31$t December 2022 2022 2021 Incomitkg re50UT¢e8 Donatrons 301,108 231,026 Investment income 516 46 Totil incorning resources 301.624 231,072 Cb4ritable ae¢ivitie5 Staff- Wag¢s & Salaries 84,366 56,949 Subcontract Wages 26,365 38,312 Rates & water 2,440 2,379 Light & heat Repairs & maint¢nance 53.980 20,841 7,075 32.568 Insuron¢e 4,227 4.219 First Aid 895 Food 9,935 5.857 Wastage 2.448 1,508 Legal & Professional Events 12.615 312 Madrasah supplies 665 3.362 Du¢s & subscripiions 789 1,025 Bank ¢harges 2.977 3,063 Depreciation 43,313 43,640 Donation paid out 42.764 3,000 Telephone & CCTV expenses 721 725 Other Expens¢s 4,042 1.000 Printing, postage & stationery Cleaning Pest control 260 2.880 740 1.450 110 Total resollrees expended 300,432 223J85 15
Docusign En¥ÈlopÈ ID." F488FAcD-523EBA497t1497ADEAD2DF 16