|
Registered Charity no: 1077423
| , | | | | |
## MAZAHIRUL ULOOM LONDON
# FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOTTS WHARF 93 STAINSBY ROAD LONDON E14 6JL
i : : i
| | | | I | i
## MAZAHIRUL ULOOM LONDON
## Charity Information
Trustees Mr Harunur Roshid Chowdhury Chairman Mr Faruk Ahmed Secretary Mr Muhammad Gias Uddin Treasurer Mr Ahmed Jamshed Mr Lays Miah Mr Jamshed Ali Mr Shah Dobir Kamaly Mr Al-Hajj Altaf Hussain JP Mr Abdul Motlib Mr Faiz Muhammad Rahman Mr Hussain Ahmed Mr Md Shihab Uddin Charity number 1077423 Principal Office 241 - 243 Mile End Road London E1 4AA
School Principal & Coordinato Mr Imdadur Rahman Al-Madani (Principal) Mr Khalil Goddard (Head teacher) Mr Zubair Rahman (Islamic Curriculum Coordinator)
School Governance Committee is made of 5 members including parents
Mosque & Madrassah Imams Moulana Masum Ahmed
independent Examiner Abacus Partners (Ldn) LLP Chartered Certified Accountants Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL Bank Nat West Bank Plc Stratford Broadway 1-11 Broadway, Stratford, London E15 4BL
| i | |
t
## MAZAHIRUL ULOOM LONDON
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
|CONTENTS|Page|
|---|---|
|1.Trustees' report|1to4|
|2. Independent Examiner's Report|5|
|3. Statement of Financial Activities|6|
|4. Balance sheet|7|
|5.Notestothefinancialstatements|8to11|
## MAZAHIRUL ULOOM LONDON Trustees’ Report for the Year Ended 31 August 2023
The trustees present their annual report and financial statements for the year ended 31 August 2023 and confirm they comply with the Charities Act 2011, the trust deed and the Charities SORP requirements.
## Structure, Governance and Management
## Governing Document
Mazahirul Uloom London is constituted as a charitable trust registered with the Charity Commission in September 1999 under charity number 1077423. It is governed by a deed of trust last updated in November 2003.
## Organizational Structure
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet together as a body bi-monthly and are responsible for all decisions taken in relation to running the Mosque and its facilities, and activities provided by the charity. The trustees also oversee decision making of the Mazahirul Uloom School. To ensure the smooth running of the school and its compliance with the Education (Independent Schools Standards) England Regulations 2010, the charity trustees have set up a separate management committee for the school for day-to-day management. The school management committee meets every week. The day-to-day management of the Mosque and facilities and its projects is undertaken by trustees who are act as its volunteers.
## Recruitment and Appointment of Trustees
The existing trustees are responsible for the recruitment of new trustees. The current trustees have been long time trustees and this has helped provide stability and continuity and local confidence. The trustees believe this approach attracts commitment from local people and support with funding for its projects.
## induction and Training of Trustees
The current trustees are the elders of the community and recognize the need to recruit younger members in a process of renewal, and will be working with its advisers in the coming year to establish a process of induction and introduction of new trustees in accordance with its trust deed.
## Risk Management
The trustees assess the risks the charity faces on an ongoing basis and manage them throughout the year. Policies and procedures are in place to ensure that risks are reduced. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Mosque are kept under review. Appropriate DBS checks, supported by policies are made for all those who work with children or other vulnerable groups within the Mosque or School. There is a physical separation and access to the School and Mosque.
Page - 4
|
## MAZAHIRUL ULOOM LONDON Trustees' Report for the Year Ended 31 August 2023
## Objectives and Activities
## Objectives
The objects of the charity are set out in the charity's trust deed and are summarized as follows:The advancement of education and religion in accordance with the tenets and doctrines of the Quran and Hadith.
We meet these objects for the benefit of the public, and we do this through the provision of the Mosque and its religious activities and the School.
## Strategies
Our aim is to provide a religious facility that provides for spiritual and educational development of Muslims. We believe a development of faith and first class education service combined will help build a strong, peaceful local community that is confident enough to engage with and make a positive contribution to wider society. We believe our activities are helping this community development process and delivering public benefit.
Our strategy is to continue to provide valuable services locally and attract funding to continue to develop our building and the community. The Mosque is open for the five daily prayers, the Friday prayers being a focus of our social and community development and the Schoo! operates from the same building premises as the mosque but in separated area.
## Use of volunteers
Mainly trustees work as volunteers and in adition there are only 6 other volunteers.
## Activities and Achievements
How our activities deliver public benefit :-
The charity carries out a wide range of activities in pursuance of its charitable objects. The trustees consider that these activities, summarized below, provide benefit both to those who worship at our Mosque and the local community around Tower Hamlets.
## Religious activities
Our Masjid/Schoo! providesa facility for our five daily prayers and worship and for the activities associated with our faith. During the year under review, we offered full range of religious services in general. All COVI 19 restrictions were reviewed and withdrawn.
Prayers: The Mosque is open all 7 days for daily and Friday prayers All COVID-19 restrictions reviewed and withdrawn. During the week we have 500-750 people who regularly attend daily prayers and over 500 who regularly attend Friday prayers.
During Ramadan the charity operated full services of Iftar preparation, Taraweeh Prayers, eid prayers and other possible special religious events and services.
Hifz classes: Memorization of the Quran is considered an important element of religious education and training. We continue to provide this facility for the young people, our all classrom lectures and activites reinstead. This programme continues to run successfully with about 30 young people regularly attending these classes.
**----- Start of picture text -----**
|
|
**----- End of picture text -----**
Page - 2
## MAZAHIRUL ULOOM LONDON Trustees' Report for the Year Ended 31 August 2023
islamic Lectures: : Our normal public lectures, prayers and seminars have been returned with the preCOVID spirit.
## Educational Activities
We continued to provide an independent education service through the Mazahirul Uloom London School. The school provides National Curriculum education, as well as faith based learning, for 5 Secondary school classes from Year 7 to 11 totalling 125 students of which 15 completed their secondary education and left with a minimum of 9 GCSE’s. All of whom went on to further education.
The school also excels in pastoral care having built and maintained excellent relationships with parents. We believe that this is vital to enabling us to deliver a quality education service to our students.
Mazahirul Uloom London also provides evening and weekend supplementary classes for children between the ages 5-16, the total number of students attending these classes are 90. These students are drawn from the local community who do not necessarily attend the regular school.
The school has built on earlier successes and has given more focus to students and staff well-being . Ofsted began their most recent report (2021) with: "Pupils said that they enjoy school a great deal because it is so welcoming. This sums up what it is like to attend Mazahirul Uloom perfectly. The welcoming and inclusive cultire brings everyone together. As a result, pupils are cared for well"
Numbers at the school are healthy and we have more applications than we can accommodate (currently 120 sudents). Teachers are happy that the school works to help them maintain felexible and comfortable work-life balance which is one perhaps the main, reason that staff retention is not a problem at MUL
As Ofsted reported..."there is a strong emphasis by the headteacher on ensuring that staff workload is managabel. Staff greatly appreciate the flexibility they have to balance work and home life" At MUL we believe that these issues are important in order that we nay fulfil our larger mission of what the charity stands for.
Reserve policy: The trustees has determined that the appropriate level of free reserves which are not invested should be equivalent 3 to 6 months' expenditure, approximately £91K to £182K. Despite the fact that note 10 to the financial statements shows total unrestricted funds of £831K, the charity only had free reserve fund of £171K after the designated fund of £660K to match the net cost of net fixed assets. This free reserve has fallen as the year ended and the board is working to improve during the year 2023/2024 onward. As there is nofurther capital committment the charity has no concern of its going concern operation.
## Premises extension
During the year the charity's extension work was slow and no extra Q-e-Hasana raised. This year extension work cost extra £52,000, which is reflected in freehold improvement brining freehold value at cost of £1,218,735.
## Review of Transactions and Financial Position
As at 31 August 2023 the charity's net balance sheet value is £830,977.
Page - 3
|
## MAZAHIRUL ULOOM LONDON Trustees' Report for the Year Ended 31 August 2023
## Trustees' Responsibilities
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).
The law applicable to charities in [England & Wales] requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 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 judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material
- departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
|
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on charities information page.
## Independent Examiner
An independent examination was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants. The charity elected to dispense with the annual appointment of independent Examiner. In the absence of a specific resolution to the contrary Abacus Partners (Ldn) LLP will continue in office.
|
This report, which has been prepared taking advantage of special exemptions applicable to small entities, was approved by the board on 21 June 2024 and signed on their behalf.
**----- Start of picture text -----**
Mr. Faruk Ahmed
Secretary
**----- End of picture text -----**
|
Page - 4
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAZAHIRUL ULOOM LONDON YEAR ENDED 31 AUGUST 2023
| report on the accounts of the charity for the year ended 31 August 2023 which are set out on pages 6 to 11. The accounts have been prepared on the basis of accounting policies set out on page 8.
## Respective responsibilities of 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 needed. The charity's gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
- ° Examine the accounts under section 145 of the 2011 Act; e Follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- e State whether particular matters have come to my attention.
## Basis of 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 report is limited to those matters set out in the statement below.
## Independent examiner's statement:
- In connection with my examination, no matter has come to my attention:
- Which gives me reasonable cause to believe that, in any material respect, the requirements:
- ° To keep accounting records in accordance with section 130 of the 2011 Act; and
- ° To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met; or
2 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## N A myCHOAVDHURY OSFCCA ABACUS BY RTNERS (LDN) LLP
Chartered Certified Accountants
- Unit A, Abbotts Wharf
- 93 Stainsby Road
London E14 6JL
- 24 June 2024
Page -5
## MAZAHIRUL ULOOM LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2023|2022|
|INCOMEAND EXPENDITURE|Notes|£|£|£|£|
|Incoming Resources||||||
|Voluntary Income|3.1|107,463|-|107,463|84,005|
|Charitable Activities Income|3.2|349,566|-|349,566|337,274|
|Total Income|3|457,029|-|457,029|421,279|
|Resources Expended||||||
|VoluntaryCost|41|434|-|434|900|
|Charitable Activities Cost|4.2|358,299|-|358,299|323,995|
|Administrative Cost|4.3|21,801|-|21,801|23,285|
|Total Resources Expended|4|380,534|-|380,534|348,180|
|NetIncome/ Deficitfortheyear||76,495|-|76,495|73,099|
|Fund as at
1 September 2022||754,482||754,482|681,383|
|Fundsasat31August2023|10|830,977|-|830,977|754,482|
The notes on pages 8 to 11 form part of these accounts. Page -6
|
|
|
4 {
## MAZAHIRUL ULOOM LONDON BALANCE SHEET AS AT 31 AUGUST 2023
**----- Start of picture text -----**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|Total2022|
|Notes|£|£|£|
|Fixed|Assets:|
|Tangible|Assets|5|1,227,964|1,166,321|
|Current|Assets:|
|Debtors|&|prepayments|6|95,436|400,021|
|Cash|at|Bank|and|in|hand|77,552|100,040|
|172,988|200,061|
|Creditors:|
|Amount|falling|due|within|one|year|7|58,640|61,190|
|Net|Current Assets|114,348|138,874|
|1,342,312|1,305,192|
|Creditors:|
|Amount|falling|due|more|than|one|year|8|511,335|550,710|
|Total|Net|Assets|830,977|754,482|
|Funds|
|Unrestricted|funds:|General|10|830,977|754,482|
|Restricted|Funds|10|-|-|
|Total Funds|830,977|754,482|
**----- End of picture text -----**
|
These accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (UK GAAP applicable to Smaller Entities).
Approved by the Board of Trustees on 21 June 2024 and signed on it's behalf by
**----- Start of picture text -----**
Mr Harunur Roshid Chowdhury
(Trustee- Chairman)
**----- End of picture text -----**
Mr Muhammed Gias Uddin (Treasurer)
The notes on pages 8 to 11 form part of these accounts.
; :
Page -7
## MAZAHIRUL ULOOM LONDON
## Notes to the financial statements
for the year ended 31 August 2023
## 1 Accounting Policies
## 1.1 Basis of preparation of accounts:
- The financial statements have been prepared under the historical cost convention and in accordance with Companies Act, SORP and the Financial Reporting Standard for Smaller Entities.
## 1.2 Grants and Donation receivable:
- Ail donations received are treated as unrestricted fund.
- Grants for immediate expenditure are accounted for when they become receivable.
- Grants received for specific purposes are treated as restricted funds.
## 1.3 Allocation of cost:
- Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to.
## 1.4 Tangible fixed assets and depreciation:
Fixed assets for the charity use are capitalised at cost. They are stated in the accounts at cost less depreciation.
Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following basis:
## Fixture, fittings and equipments
## 10% on cost.
2. Incoming Resources The incoming resources and surplus are attributable to the principal activities of the charity.
3. INCOME SUMMARY
|3.1|Voluntary Income|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|
|||£|£|£|£|
||Friday Collection|22,074||22,074|37,349|
||General Donation|85,389||85,389|46,656|
|||107,463|-|107,463|84,005|
|3.2|Charitable Activities Income|Unrestricted|Restricted|2023|2022|
|||£|£|£|£|
||Student Fees|330,498||330,498|330,993|
||Evening Madrasha|8,800||8,800|6,281|
||Other income|10,268||10,268|-|
|||349,566|-|349,566|337,274|
||TotalIncome|457,029|-|457,029|421,279|
## 3.2 Charitable Activities Income
Page - 8
i i ( i j i j ‘ i 3 ' i i i i i j f| i i 5
i i i
## MAZAHIRUL ULOOM LONDON Notes to the financial statements for the year ended 31 August 2023
## 4 EXPENSES SUMMARY
|4.1|Voluntary Cost||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|
||||£|£|£|£|
||Subscriptions||434||434|900|
||||434|-|434|900|
|4.2|Charitable Activities Cost||Unrestricted|Restricted|2023|2022|
||||£|£|£|£|
||Salaries and wages||250,606||250,606|245,217|
||Employer's NIC||4,615||4,615|6,879|
||Staff Pension||2,644||2,644|2,106|
||Water and Rates||4,460||4,460|4,815|
||Casual & cover teacher||27,747||27,747|20,162|
||Teacher Training||-||-|597|
||Hire of Equipment's||7,570||7,570|7,002|
||Cleaning, Repairs|& Maintenance|6,927||6,927|6,033|
||Telephone/Internet
Printing/Postage/Copying||801
1,334||801
1,334|1,158
967|
||Trips and event expenses||10,672||10,672|1,741|
||Heating and Lighting||4,343||4,343|6,515|
||Insurance||6,936||6,936|5,006|
||Study Materials||13,817||13,817|6,844|
||Examination fees &|Ofsted|15,827||15,827|8,954|
||||358,299|-|358,299|323,995|
|4.3|Administrative Cost||Unrestricted|Restricted|2023|2022|
||||£|£|£|£|
||a) Support Costs||||||
||Salaries and wages||6,877||6,877|7,200|
||Employer's NIC||48||48|71|
||Hire of Equipment's||1,892||1,892|2,334|
||Cleaning, Repairs & Maintenance||1,732||1,732|4,508|
||Telephone/internet||200||200|289|
||Printing/Postage/Copying||333||333|-|
||Heating and Lighting||483||483|724|
||Insurance||2,312||2,312|1,669|
||Bank Charges||3,388||3,388|3,066|
||Consultancy and Professional fees
Depreciation on FF and Equipment's||-
~||-
-|1,864
:|
||||17,265|-|17,265|18,721|
||b) Governance Costs||||||
||Salaries and wages||2,292||2,292|2,400|
||Employer's NIC||16||16|24|
||Consultancy Fees/legal||373||373|465|
||Accountancy||1,855||1,855|1,675|
||||4,536|-|4,536|4,564|
||||21,8041|-|21,801|23,285|
||TotalExpenses||380,534|-|380,534|348,180|
|
.
/ \ { i
## MAZAHIRUL ULOOM LONDON
Notes to the financial statements for the year ended 31 August 2023
|5|Tangible Fixed Assets|Freehold|Freehold|Fixture, fitting||
|---|---|---|---|---|---|
|||Properties||& Equipment's|Total|
|||£||£|£|
||Cost B/Fwd|1,166,321||102,347|1,268,668|
||Addition-extension/improvement|52,415||9,228|61,643|
|||1,218,736||111,575|1,330,311|
||Depreciation:
Charges B/Fwd|||102,347|102,347|
||Charge for the year|||-|-|
||||-|102,347|102,347|
||Net Book Value|||||
||As at 31 August 2023|1,218,736||9,228|1,227,964|
||As at 31 August 2022|1,166,321||0|1,166,321|
|6|Debtors & Prepayments|||2023|2022|
|||||£|£|
||Student Fees|||45,436|49,894|
||Loan to Darul Uloom Foundation|||50,000|50,000|
||Other Debtors|||-|127|
|||||95,436|00,027|
|7|Creditors: Amount Falling Due Within One Year|||2023|2022|
|||||£|£|
||Other Creditors|||1,825|-|
||Qurd e Hasana - Pvt Loan|||56,815|61,190|
||Advance Tuition Fess|||-|-|
|||||58,640|61,190|
|8|Creditors: Amount Falling Due After More Than One Year|||2023|2022|
|||||£|£|
||Qurd e Hasana - Pvt Loan|||511,335|550,710|
|||||517,335|550,710|
||Private Loans: "Qurd Hasana” are loans from the charity's beneficiaries,||which only|have a moral obligation to repay on demand,||
||if possible. There is no interest due or security given for these|loans.||||
|9|Staff Emoluments|||2023|2022|
|||||£|£|
||Total wages and salaries|||259,775|254,817|
||Employer's NIC|||4,679|6,973|
|||||264 454|261,790|
||Direct Charitable|||255,221|252,096|
||Others|||9,233|9,694|
|||||264,454|261,790|
||Avg No ofemployees: Admin|||1|1|
||Avg No ofemployees: Direct|||23
24|22
23|
||Employees paid in excess of£60,000 during the current year|||||
||andpreviousyear|||None|None|
No remuneration was paid to any trustees or their associates during the year ended 31.08.2023 nor at 31.08.2022.
Page - 10
;
|
## MAZAHIRUL ULOOM LONDON
## Notes to the financial statements
for the year ended 31 August 2023
## 10 Movement in Funds
|Movement in Funds|Free|Designated|Unrestricted|Restricted||
|---|---|---|---|---|---|
||Reserve|Fund|Fund|Fund|Total|
||£|£|£|£|£|
|As at 1 September 2022|200,063|554,421|754,484|-|754,483|
|Current year surplus|76,495||76,495|-|76,494|
|Current year transfer|(105,393)|105,393||-|-|
|Asat31August2023|177,165|659,814|830,979|-|830,977|
- 11 Taxation The entity is a registered charity and does not undertake non-charitable activities and are entitle for tax exemption by the Inland Revenue.
- 12 Post Balance Sheet Events There were no significant post balance sheet events.
13 Transaction with Trustees
There were no transactions with the trustees during the year.
## 14 Contingent Liabilities
The charity had no contingent liabilities as at 31 August 2023 nor at 31 August 2022.
- 15 Related Parties Transaction
There were no disclosable related party transactions during the year.
- 16 Gifts in Kind And Volunteers
During the year the company/charity benefited from unpaid work performed by volunteers.
Page - 11