MUSLIM COMMUNITY TRUST 324-326 High Road Leyton London EIO 5PW Registered Charity Number: 1077341 Trustees report and financi21 statements For the year ended 31 December 2024
MUSLIM COMMUNITY TRUST Registered Charity Number: 1077341 Contents Page(s) Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Finaneial Activities Balance Sheet io Notes to the Financial Statements Page 2 of 14
REFERENCE AND ADMINISTRATIVE DETAILS Charity Name Musliin ConiiTtunity Trust Charity Number 1077341 Registered office 324-326 High Road Leyton London E105PW Trustees Ih Mr Rashid Malik (Resigned on 20 April 20?4) Mr Aliined Suleman Mr Nadeem Asim Mr Shaukat Hussain BLlth Mr Aftab Khan (Appointed on 21, April 2024) Bankers TSB Bank PIC Leytonstone London Independent Examiners Siddiqui and Co. Chartered Certified AccoLintants 414 Barking Road London E13 8HJ Page 3 of14
MUSLIM COMMUIYITY TRUST Registered Charity Number: 1077341 TRUSTEES, ANNUAL REPORT The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. STRUCTURE, GOVERNANCE & MANAGEMENT Governing Document The charity is constituted as a charitable trust, governed by a Trust Deed, and is registered with the Charity Comniission under charity number 1077341. Organisational Structure and management Muslim communily trust is a UK based international relief and development agency registered. Musl ini coininuiiity trust operates within an equal opportunities policy. The trustees are responsible tor the general control and management of the charity. The trustees give their tiiiie freely and receive no reiiiuneration or oiher financial benefits to fulfil this role. The charity trustees iiieel on a quarterly ba515 and are responsible for all decision taken in relation lo the overal I control and strategic nianageinent ot the charity. The charity main activities are to provide relief io victims of natural disasters and manmade disasters worldwide regardless of color, race, and ethnicity. The charilv also facililates rehabilitaiion back inlo coiiimunities by providing sustainable ad concenlration on education and welt.are projecis. Rlsk Management Risks are assessed, identified. managyed and constantly reviewed. A sel of pol icies and procedures are developed to nianage risks. which torin ihe internal conlrols framework. The policies are set by the trustees and the impl¢iii¢ntations are delegated to the nianagyeinent leani. The relevant policies and procedures are cominunicated to all slatf and training is given where applicable. Periodic policv reviews are undertaken in order to ensure the internal controls tramework remains relevanl. The organisation has both employer l lability and publ ic liability insurance policies in place. All employees are piit through appropriate Disclosure and Barring ServiLe cliecks. Objectives The objeclives of Musl in) ¢omniunity trust primarily focus on fulfilling ihe 5piritiial and religious needs of the musliiii cominiiiiity. together ivith serviiig the coniiiiunity in general. The corninLinitie5 currently served are Greater Londoii & East London in particular, but in t'uture, will not be l imited to London. The objectives of Muslim eommunity trust are summarised below.. The relief of poverty in any part of the world. The relief ot poverty, sickness and distress by the provision and maintenance of orphanages. The advanceinent of education by the provision and Imaintenance of schools and libraries. The advanceillent of the Islainic religion by the provision and maintenaiice of mosques, seininars, and other similar institutions. To promote such other charilable purpose as may from time to time d¢termine, Publie Benefit In carrying out this review the trustees of Muslim community trust have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advanceinent of religion for the public benefil. Page 4 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number.. 1077341 Trustees, Annual Report AcfIvITIES, ACHIEVEMENTS AND PERFORMANCE Muslim community trust commenced offering a range of activities in pursuing its objectives stated above for public benefit. The activities detailed below provide benefIt to those who attend our premises in person as well as the wider public locally and nationally. We intend to expand on these activities in future. Current Services- Madrasah (Islamic Educational classes) The Academy is engaged in positive endeavors in trying io introduce the pristine message of Islaiji and to educate Musliins and non-musl iins alike on various aspects of the religion. Our curreiit activities and services Include.. Evening Madrasah (Islamic Educational classes)- The Madrasah consists of approximately 120 children (both boys and girls) aged 6-16 who are taught a variety of subjects ranging froni Qur'an, Aqeedah. Seerah, Fiqh, Akhlaq (Good Character) etc. Hifdh (Qur'an memorisation) Cla55- Muslim Community Trust has a Hifdh class operating weekdays and weekends. This course is designed to cater for each individual student according to his capabilities and potential, with an einpliasis oli ihe iiiiportance of Tajwid (Qur'aiiic Phoiietics / Intonation) and rules of recitation. The syllabus has been prepared in a manner that will enable a student to nieiiiorise the entire Qur'an (approxiiiiately over 6.000 verses) and retain it. Alongside the Hifdh. a lot of en)pliasis and training is given on spiritual and moral developmenl, to ensure these children who will graduate as Huffadh will have the qLialities and characteristics expected from a Hafidh. The above classes cater for all types of childreii and have proven to be instrumental in safeguarding and enhancing the religious and nioral well-being ot. the those who attend. Tajweed elasses - This class enables ihe students to learn the correct pronunciation of the Arabic letters with all its qualities and adorn their recitation of the Glorious Qur'an wilh all the necessary rules. Basie Islamic Edueation Classes - The topics studied are the tollowing: Aqeedah.. Studj'ing the foundalional beliefs of Islajii. Fiqh: Studying the rules pertaining to cleanliness and purity (Wudhu, Ghusl elc). Rules perlaining to worship, Salah, Fasting, Zakah & Ham. Rules pertaining to Qurbani, Aqiqah etc. irah: Taking th¢ students on a journey through the blessed life of the greatest Prophet of Islam Muhainmad (may peace and blessings he iipon him). Hadith: Studying the traditions of Prophet Muhammad (muypeace a17d blessings be upon him). Advanced Islamic Education Classes - A more advanced level of Islainic education is imparted to the students cori'esponding with the studj. The topics studied in this course are the folloKving'. Tafseer: Studying selected Chapters of the Qur'an with detailed commentary giving an insight to various important content of the Glorious Qur'an. Hadeeth: A number of chapters related to various aspects of a person's life are taught from Ma'arif-ul-Hadith with detailed coinnientary. Fiqh: The classical book of Hanafi Fiqh. Nur-ul-ldah is used as primary text to give an insight to basic every. day rulings related to a person's cleanliness, Salaah, Fasting. Hajj et¢. Aqeedah: The fundainental b¢li¢fs of Islani are explained. Page S of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1077341 Trustees, Annual Report Sirah.. The biography of the blessed life of Prophet Muhammad (may peace blessings be upon kim) is studied in detail. There were 6 members of staff engaged in delivering the educational activities described above. Religious and social advice - The trust provides support and guidance to the community through the medium of email, phone and direct meetings. EDUCATIONAL TRIPS & ACTIVITIES Sports aetivities - Fulfilling its objectives, Mlislim Comniunity Trust regularly organised sports evenls lo local parks for tlie students and oiher days were spent on in-house fuii educatioiial activities. HIGHLIGHTS OF THE YEAR Fundraising The Charity has been fLindraising from the comm unity lo fulfill the charity objectives. Annual Prize Giving Jalsah The charity held prize giving and completion ceremonies every year. These events are open lo the parents and public lo allow them lo remain informed of the trust's educational activities. Page 6 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1077341 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Annual Report and the financial stalenients in accordance with applicable law. and Uiiiled Kingdoin Accounliiig Standards (United Kingydom Generally Accepted Accounting Practice) and the laws applicable to charities in England and Wales. The tinancial stalements for each financial year musi give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. In preparing these financial slatenients, the trustees are required to.. Select suilable accounting policies and then apply them consistently; Observe the methods and pi'inciples in the Charities SORP 2016 (FRS 102). Make judgeinents and estiinales thai are reasonable and prudent. Stale whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in ihe financial slalemenls; Prepai'e the linancial siaieiiieiits on the going coiicei'n basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keepingy adequate accounting records that disclose wilh reasonable accuracy al any tiine the financial posilioT] of the chariiy and enable thein to ensure that Ihe financial .stateinents comply with Ihe Charities Act 201 I, the Charity Accounts and Reporls Regyulations 2008 and the provision.s of ihe trust deed. They are also responsible for safeguardin&y the assets of ihe charity and hence, taking reasonable steps for the prevention and deteclion of fraud aiid other irregularities. Approval Approved by ihe trustees on 25, April 2025 and signed on their behalf by: Signature.. Full Name.. Mr Shaukat Hussain Position: Trustee Date: 15- ik. Zo2.5 Page 7 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1077341 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSLIM COMMUNITY TRUST I report to the trustees on my exaininatioii of the accounts of the above charity ("Ihe Trust") for the year ended 31 December 2024. Responsibilities and basis of report As Ihe charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("Ihe Act"). I report in respecl of my exainination of ihe Trust's account5 ¢'r1ed out under section 145 of the 2011 Act and in carrying out ii)y examination, I have followed al I the applicable Directions given by the Charity Commission under section 145(5)(b) of the Aci. Independent examiner's statement Since the charitj. s gross income exceeded £250.000 and l ani qualified to undertake the exainination by being a qualified Ineinber of ilie Institute of Charlered Accountants in England and Wales. I have completed iiiy exam inalion. I conliriii Ihal no material matters have coine to Iny attention in connection with the examination, which gives me cause to believe that in any material respect: The accountin&T records were noi kept in accordance with section 130 of the Cliarities Act: or The accounts did not accord wilh the accounting records. or • Tlie accounts did iiot coinply with Ihe appl icable requiremeiits concci'ning? the forin and coiilent of accounts sel out in th¢ Charities (Accoiinls and Reports) Regjulaiions 9008 other than any requirement that the accounls give a 'lrue and fair, view whicli is not a mattel. considered as part of an independent exaniination. I have no concerns and have come across no other matters in connection with the examination to which. attention should be drawn in Ihis report in order to enable a proper underslandiiig of the accounts to be reached. Q S Siddiqui FCCA Siddiqui & Co. Chartered Certified Accountants 414 Barking Road Loiidon E138 Date: 2510412025 Page 8 of14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1120987 STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Note Income Donations and voluntary income Fees and other collections Books and radio sale income Membership Fees Rent Received HMRC Gift Aid 134,860 35,962 603 750 38,900 6,195 6.859 141,719 35.962 603 750 38,900 6,195 158,638 21,604 200 1,040 37,350 5,370 217,270 6,859 224,129 224,202 Total income Expendilure on: Donations and Human help relief Salaries, NIC and sessional staffs Lighi and heat Water rates Prinling, Stationery, and publications Insurance Accouniancy fee Repairs. Maintenance and cleaning Telephone and Internet Bank charges and Cards Fee Books and radio purchase Subscription fees Protessional fees Depreciation Other expenses 19.201 19,201 82,435 9,953 1,901 849 2,741 500 2,065 482 944 1,764 415 640 1,938 573 19,193 66,730 13,363 1,070 1,132 2,225 500 3,789 572 857 2,333 175 82,435 9.953 1,901 849 2,741 500 2,065 482 944 1,764 415 640 1,938 573 2,583 521 Total expenditure 107300 19,201 126,401 115,043 Net income /(expenditure) 110,070 (12J42) 97,728 109,159 Net movement in funds for the year 110,070 {12J42) 97,728 109,159 Total funds at l January 202411 January 2023 ,588,231 12,342 1,600,573 ,491,414 Total funds at 31 December 2024131 December 2023 1,698JOI 1,698JOI 1,600,573 The notes on pages I I to 14 fonn part of these financial statements. Page 9 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1120987 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible fixed assets 1,798,479 1,786,413 Tolal fixed assets 1,798,4879 1,786,413 Current assets Debtors Cash at bank and in hand 176,203 124.811 176,203 124,811 Creditors: amounts falling due wiihin one year (276,3 81) (310,651) Net current assets (100.178) (185.840) Net assets 1,698JOI 1,600,573 Charity funds Reslricted funds Unrestricted funds 12,342 1.588,231 1,698,301 Total funds 1,698JOI 1,600,573 The financial statements have been approved by the Board of Trustees on 25, April 2025 and were signed on its behalf by: Nadeem Asim | Trustee The notes on pages I I to 14 fonn part of these financial statements. Page 10 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1120987 NOTES TO THE FINANcL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies General Information Muslim Communily Trust is a registered charity. The address of the registered office is given in the charity infomiation on page l of these financial statements. The narure of the charity's operations and principal activities are set out on page 2. b) Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. Ihe Financial Reporting Standard applicable in the United Kingydom and Republic of Ireland (FRS 102), the Charities Act, and UK Generally Accepted Practice as li applies froni l January 2015. The financial slatements have beeii prepared to give a 'lrue and fair, vieiv and have departed froin Chai'ities (Accounts aiid Reports) Regulations 2008 only to the extent required to provide a 'lrue and fair view,. This departure has involved following AccoLtnting and Reporting by Chariiies preparing their accounts in accordance with the FinanLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recoiniiiended Practice effective trom l April 2005 which has since been withdrawn. The financial stateinents are prepared on a going concern basis under the historical cost convention, iiiodified to include investinent property at fair value. The financial stateiiients are prepared in Pound Sterling (£) which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistenily applied io all years presented unless otherwise stated. Fund accounting Unrestricted funds are funds which are available for use at the discretion of the Irustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Resti'icted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. d) Going Concern The tinancial stateinents have been prepared on a going concern basis as the trustees believe that no material unc¢rtainti¢s exist. The trustees have considered the level of funds held and the expected level of incoiiie and expenditure for 12 months from authorising these financial statements in arriving at this concluslon. Page 11 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1120987 Notes to the financial statements for the year ended 31 December 2024 Judgements and key sources of estimation uncertainty Accountingy esliinales and judgements are continually evaluated and are based on historical experience and other taciors: including expectation5 of future events that are believed to be reasonable under the circumstances. The key estiniatel judgement exercised in preparation of these financial statements is relating to useful life of th¢ buildiiig acquired during the year. Income Incoine is recognised when the charity has entitlement lo the funds, any performance conditions attached to ihe iteins of incoine have been Inet. it ts probable that the income will be received and the amount can be measured reliably. Donations are recognised when the charity receives them. Fees Income is recognised on actual basis. g) Expenditure Liabilities are recognized where it is more likely ihan nol that ihere is a legal or constructive obligation committing the charily to pay out resources and the amount of the obligation can be measured with reasonable certainly. All expenditure is accounted for on an accruals basis and has been included under expense caiegories that aggregyate all costs I'or allocation to activities. Where c051 cannot be directly attributed to partiLular aclivities they have been allocaled on a basis consistent with the use of the resources. h) Taxation The charity is exempt from tax on its charitable activities. Tangible fixed assets Tangible tixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any expendilure thal is directly attributable to bringing the asset to Ihe location and condition necessary for it to be capable of operating in the manner intended by managyement. Depreciation is charged so as to allocate the cost of assets less their residual value over their estiniated useful lives as indicated below.. Fixture and fittings and equipment- 250/0 per annum on reducing balance The assets residual values, useful lives and depreciation methods are reviewed annually. Investment property Investment property is shown at fair value. Any aggregate surplus or deficit arising from Changes in the fair value is transferred io the stat¢menl of financial activities. Page 12 of 14
MUSLIM COMMUNITY TRUST RegRStered Charity Number: 1120987 Notes to the financial statements for the year ended 31 December 2024 k) Debtors Prepayments are valued at the amount prepaid. Accrued income is measured at the amount due lo be received. i) Credilors and provRsions Creditors and provisions are recognised where the charity has a present obligation resulting from a pasl event that will probably result in the transfer of future funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognized at their settleinenl amount after allowing for any trade discounts due. Creditors also include fees received in advance. Trustees, and key management The charity considers its key manageinent personnel comprise of trustees. The trustees did nol receive any income or expenses reimbursed during the year 2023. Staff costs 2024 2023 The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. 4. Tangible fixed assets Freehold Property Improvement to Property Fixture and Fitlings Total Cost At l January 2024 Additions: 1,735,813 42,850 14,004 43,894 1,822,557 14,004 At 31 December 2024 1,735,813 56,854 43,894 1,836,561 Depreciation At l January 2024 Additions during the period 36,144 1,938 36,144 1,938 At 31 December 2024 38,082 38,082 Net Book Value At 31 December 2024 1,735,813 56,854 5,812 1,798,479 At 31 December 2023 1,735,813 42,850 7,750 1,786,413 Page 13 of 14
MUSLIM COMMUNITY TRUST Registered Charity Number: 1120987 Debtors 2024 2023 Other Debiors Total Creditor5: Amounts falling due within one year 2024 2023 Other Creditors Taxation and Social Security Karze Hasana (Interest free loan) 3,979 902 271,500 500 310,000 276,381 310,6.$1 Statement of funds Brought Incoming Resources Forward Resources Expended Cgrried Forward Restricted funds Unreslricted funds 12,342 1,588,231 6,859 217,270 (19,201) (107.200) 1,698,301 Total of funds 1,600,573 224,129 (126,401) 1,698JOI Page 14 of 14