Charity Number: 1070735 MASJID AND MADRASAH AL-TAWHID TRUST Trustees, Report and Financial Statements For the year ended 31 December 2024
Masjid and Madrasah Al-Tawhid Trust Contents Page Legal and Administrative Information Report of the Trustees St2tement of Trustees responsibitities Independent Examiner's Report Statement of Financial ActÉvities Balance Sheet Notes to the Financial Statements 9-13 Detail Statement of Financial Activities 15
Masjid and Madrasah Al-Tawhid Trust Legal and administrative information Charity number 1070735 Registered office 80 High Road Leyton London E15 2BP Trustees Sheraz Ahmed - Chairman Mohammed Idrees Sethi Mohamed Patel - Treasurer Mehmud Patel- Vice Chairnian Sadiya Shaikh - Secretary Yusuf Patel Gulam Hussein Seedat Rizwan Ahmed Mohammad Waheed Farooq Mustafa Idrees Shakeel Ahmed Kunwar Independent examiner M.A.R Accountants Ltd Chartered Certified Accountants & Auditors 685 Cranbrook road London, IG2 6SY Bankers Barclays Bank plc
Masjid 2nd Madrasah Al-Tawhid Trust Report of the trustees For the year ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 3. Structure? governance and management Masjid and Madrasah Al-Tawhid TLUSt is Teoistered with the Charity commission (Registration Number 1070735) and constituted by the deed of trust. Tbe charity takes into account experience, qualifications and dedication to charitable causes wlien Tecruiting and appointing new trustees. Tlie cliarity provides oiigoing training foi" its trustees. Risk management The trustees have assessed the major risks to which die cliarity is exposed to and are satisfied that systems ar¢ in place to mitigate exposure to these risks. Objective and activities Masjid and Madrasah Al-Tawhid is a non-political, religious organisation established in 1998. It is an independent charity witli religious and education activities catering primarily to the Muslims in the London Borough of Waltham Forest. The Trust's actlVLties for the year can be summarised as.. daily congiegational prayers, Friday semons, celebi'ating the two Eid 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 activities for boys and girls including football basketball self-defense and karate classes for young boys are undertaken on a regular basis. The trust 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 Chai"ity) from congregation and pass it to the people in need directly or using other reputable charities. Every year the trust provides Iftaar 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 managemenL administration and support costs.
Masjid and Madrasah Al-Tawhid Trust Statement of trustees, responsibilities For the year ended 31 December 2024 The tlustees are responsible for preparing the trustees, Am]ual Report and tlie financial statements in accordance witli tlie applicable law and United Kingdom Accounting Standards (United Ktngdom Generally Accept¢d Accounting PTactice). Law applicable to cliarities in England and Wales required the trnstees to prepare financial statements for eacli financiaI year which give a true and fair view of ¢l)arity and of tbe incomino 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. observe the methods and principles in the Charities SORP- make judgemciits 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 lllappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which dtsclose with reasonable accw-acy at any time the financial position of the charity and enable them to ensure that the financial stateinents comply with th¢ Charities Act 1993 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 frdud and other irregularities. On behalf of the board Sheraz Ahmed Chairman Date.. }{ i.lor
Independent Examiner's Report To the Trustees, of Masjid and Madrasah Al-Tawliid Trust We report on the accounts of the Trust for the year ended 3 E, December 2024 Re5pectlve responslbilltles of Trustees and Examlner The charity's trustees are responsible foi. the preparation of the accounts. The Trustees of the charity considered that an aiidit is not required for this year under section 43(2) of the Chariti¢s Act 1993 and that an independent examination is needed. It is our responsibility to: Examine the accounts under section 43(3)(a) of tlie Charities Act 1993 To follow the proccdures laid down iii the Genei'al Dire¢tions given by the Charity Commission undei. section 43(7)(b) of the Charities Act 1993 To state whethei. particulars matters have come to Iny attention Basfts of Examlner's Statement Our examination was earricd out in accordance with the General Dii'ections by the Chal'ity Cominission. An examination includes a i'eview of tlie accounting records kept by the ch&ity and COmp.1S0n of the accounts presented with those records. It also includes consideration of any unusual items oi. disclosures in the accounts, and seeking explaiiation from you as trustees concerning any such matters. The pi'ocedures Iindertaken do not PiK)vide all tlie evidence that would be requiied iii an audit, and consequently we do not expiESS an audit opinion on the accounts. Independent Examlner's Statement In connection with oui. examination. no matter lias come to our attention which gives us reasonable cause to believe that, in aiiy material respect, the reqiiiiement: To keep accounting iEcords in accordance with section 41 of the 1993Act' and To prepaie accouiits whicli accord with the accounting iecords and to comply witli the accounting requirements of the 1993 A¢t have been met. No matter lias coine to our attention in connection with our exninatIon to which, in our opinion, attention should be drawn in order to enable a pi'oper understanding of the accounts to be reached. M.A.R Accountants Ltd Chartered Certified Accountants & Auditors 685 Cranbrook road London, IG2 6SY
Masjid and Madrasah Al-Tawhid Trust Statement of financial activities For the year ended 31 December 2024 Unrestricted Restricted funds £ funds £ 2024 2023 Notes Incoming resources Incoming resources fi-om generating funds: Voluntary incorne Investment income Otlier incoming resouTces Total incoming resources 382,501 11,162 12,816 395,317 11,162 378,664 6,183 393,663 12.816 406,479 384,847 Resources expended Charitable activities Total resources expended 355,581 355,581 355,581 355,581 284,395 284,395 Net movernent in funds 38,082 50,898 100,452 Total ndS brought fonvard Total funds carried forward 1,727,509 1,765,591 36,260 49,076 1,763,769 1,663,317 1,814.667 1,763,769 The statement of financial activities includes all gains and losses in the year and therefore a sepaTate statement of total recognised gains and losses has not been PTepaTed. All of the above amounts relate to continuing activities.
Masjid and Madrasah Al-Tawhid Trust Balance Sheet As at 31" December 2024 Notes 2024 2023 Fixed assets Tangible assets Current assets Cash at bank and in hand 1,453,645 1,496,530 805,298 708,158 Creditors: amounts falling due Ivithin one year (8,456) (5,099) Net current assets 796,842 703,059 Total assets less current liabilities 2,250,487 2,199,589 Creditors: amounts falling due after more than one year (5,000) (5,000) Net assets 2,245,487 2,194,589 Funds Restricted income funds Unrestricted income ndS Revaluation Reserve 10 14,709 1,814,667 416,111 14,709 1,763,769 416,111 Total funds 2,245,487 2,194,589 Tlie financial staternents were approved by the trustees on 3 Ih August 2024 and signed on its behalf by On behalf of the board Mehmud Patel Trustee
Masjid and Madrasah Al-Tawhid Trust Notes to the Financial Statements For the year ended 31st December 2024 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throutrhout the year and the preceding year. Basis of accounting Tlie financial statements are pi"epared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Repoiting by Charities, issued in March 2005 (SORP 2005) and the Charities Act 1993. 1.2. 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. ncoming resources All Incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income= Voluntary income is received by way of grants, donations and oifts and is incLuded in full in the statement of financial activities when receivable. Gi-ants where entitlement is not conditional on the delivery of a specific perfotTnance by the charity are recognised when the charity becomes unconditionally entitlcd to the grant. Donated seivices 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 included in the year in which it is receivable.
Masjid and Madrasah Al-Tawhid Trust Notes to the financial statements For the year ended 31 December 2024 Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT whicli cannot be fully Tecovered, and is reported as part of the expenditure to which it relates. Costs of generating fimds comprise the costs associated witli attracting voluntary income and the costs of trading for fiindraising purposes including the charity's shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and diose costs of an indirect nature necessary to support them. Support costs are tliose costs incurred directly in support of expenditure on tlie objects of the charity and include project manaoement. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost l¢ss accumulated depreciation. Depreciation is provided at rates calculated to write off thc cost less residual value of each asset over its expect useful life, as follows: Freehold land is not depreciated Freehold buildings Fixtui-es, fittings and equipment - 2 % Straight line 25% Reducing Balance Voluntary income Unrestricted Funds £ 2024 Total £ 2023 Total £ 368,202 Donations Mas id Income Fiiday Collection Masjid Funds Sadaqha 24,461 55,630 16.317 24,461 55,630 16,317 Mas id Investment Income Flat Rent Vodafone Mask Garage Rent 19,400 62,267 20,785 19,400 62,267 20,785 Continued on next page.... 10
Unrestricted 2024 Mas id Hall Hire Funds £ 3,295 Total £ 3,295 Masjid Hiring Services Mas id Other Income Calendar Sale/Sponsors Other Majid funds Nikkah Funeral Service 2,190 30,154 76,373 2,310 loo 2,190 30,154 76,373 2,310 loo 69,219 69,219 Madrasah Service Income Madrasah Fees 382 501 382 501 Total Investment income Unrestricted Funds £ 11,162 2024 Total £ 11,162 2023 Total £ 6,183 Bank interest receivable Costs of charitable activities - by fund type Unrestricted Funds £ 382,501 2024 Total £ 382,501 2023 Total £ 368,202 Activities undertaken directly & support costs
Masjid and Madrasah AI-Tawhid Trust Notes to the financial statements For the year ended 31 December 2024 Employees Employment costs 2024 2023 Wages and salaries Social security costs 102,793 94,135 102,793 94,135 6. Tangible Fixed Assets Land & building Fixtures, fitting: Freehold £ & equipment £ Total Cost At l January 2024 Additions for the year 2.116,724 77,520 2,194,244 At 31 December 2024 2,116,724 77,520 2,194,244 Depreciation At l January 2024 Charge for the year At 31 December 2024 622,398 42,334 622,398 75,316 551 75,867 697,714 42,885 704,599 Net book values At 31 December 2024 At 31 December 2023 1,451,992 1,494,326 1,653 2,204 1,453,645 1,496,530 Creditors: Amounts falling due within one year 2024 2023 Other taxes and social security 8.456 5,099 8,456 5,099 12
Masjid and Madrasah Al-Tawhid Trust Notes to the financial statements For the year ended 31 December 2024 8. Creditors: Amounts falling due after more than one year 2024 2023 Interest free loan 5,000 5,000 Unrestricted Funds At l January Incoming 2024 £ Resources £ Outgoing Resources £ 31 December 2024 £ General funds 1,763,769 406,479 (355,581) 1.814,667 Purposes of unrestricted funds General funds are used for day to day running of the charity. Restricted Funds At l January 2024 £ At 31 December 2024 £ Zakat Income 2.50 2.50 10. Revaluation Reserve Land & Buildings was revalued in the year 2013. The revaluation was done by an Independent Valuer for the Charity. 13
Masjid and Madrasah Al-Tawhid Trust The following page does not form part of the statutory accounts 14
Masjid and Madrasah Al-Tawhid Trust Detail Statement of financial activities For the year ended 31st December 2024 2024 2023 Ineoming resources Donations 395,317 378,664 Investment income 11.162 6,183 Total incoming resource$ 406,479 384,847 Charitable activlties Staff- Wages & SaI.1e5 102,793 94.135 Subcontract Wages 46,238 41.233 Rates & water 6,438 214 Light & heat 44.148 38,237 Repairs & maintenance 22,732 5,839 Insiirance 4,900 4,449 Accountancy 900 900 Food 4.185 9,663 Wastage 2,633 2,653 Events 22,722 18,446 Madrasah supplies 4,445 3,535 Dues & subscriptions 1,129 443 Bank Charges 4,601 4.448 Depreciation 42,885 43,068 Donation paid out 37,739 14.754 Telephone & CCTV expenses 562 546 Other Expenses 2,566 692 Printing, postage & stationery Professional fee 2,075 1,890 1,140 Total resources expended 355,581 284,395 15