Registered Charity no: 1077423 MAZAHIRUL ULOOM LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ABACUS PARTNERS {LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOTTS WHARF 93 STAINSBY ROAD LONDON E14 6JL
MAZAHIRUL ULOOM LONDON Charity Information Trustees Mr Harunur Roshid Chowdhury Mr Faruk Ahmed Mr Muhammad Gias Uddin Mr Ahmed Jamshed Mr Lays Miah Mr Jamshed Ali Mr Shah Dobir Kamaly Mr Al-Hajj Altaf Hussain JP Mr Amirul Islam Choudhury Mr Abdul Motlib Mr Hussain Ahmed Mr Md Shihab Uddin Chairman Secretary Treasurer Charity number 1077423 Principal Office 241- 243 Mile End Road London El 4AA School Principal & Coordinato Mr Imdadur Rahman Al-madani Mr Khalil Goddard Mr Zubair Rahman (Principal) (Head teacher) (Islamic Curriculum Coordinator) School Governance Committee is made of 5 members including parents Mosque & Madrassah Imanis Moiilana Masum Aluned Independent Examiner Abacus Partners (Ldn) LLP Chartered Certified Accountants Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL Bank Nat West Bank PIC Stratford Broadway 1-11 Broadwayi Stratford. London E15 4BL
MAZAHIRUL ULOOM LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS P3ge l.Trustees' report 1 to4 2. Independent Examiner's Report 3. Statement of Financial Activities 4. Balance sheet 5. Notes to the financial statements 8t011
MAZAHIRUL ULOOM LONDON Trustees, Report for the Year Ended 31 August 2024 The trustees present Iheir annual report and financial statements for the year ended 31 August 2024 and confirm they comply with the Charities Act 2011. the trust deed and the Charities SORP requirements. Structure, Governance and Management Governin Document Mazahirul Uloom London is constituted as a charitable trust registered with the Charity Cotnmission in September 1999 under charity number 1077423. It 15 governed by a deed of trust last updated in November 2003. Or anizational 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 Iruslees meet together as a body bi-monthly and are responsible for all decisions taken in relation to running the Mosque and ils 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 SGhool and ils complianGe 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 ils projects is undertaken by trustees who are act as its volunteers. Recruitment and A ointment of Trustees The existing trustees are reswnsible 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 wth funding for its projects. Induction and Trainin of Trustees The current trustees are the elders of the community and recognrze the need to reGruil 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 Mana ement 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 Ihat risks are reduced. The trustees are salisfied that systems are in place, or arrangements are in hand, to manage the risks that have been idenlified. 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-1
MAZAHIRUL ULOOM LONDON Trustees, Report for the Year Ended 31 August 2024 Objectives and AGtivitie5 Ob'ectives The objects of the Charity are set out in Ihe charivs trust deed arid 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. strate ies 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 slrong, 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 School 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 activilies 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 communily around Tower Hamlets_ Reli ious activltles Our Masjidlschool provides a 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 COVID 19 restrictions were reviewed and withdrawn. Pra ers. 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 Ihe charity operated full services of Iftar preparation, Taraweeh Prayers. eid prayers and other possible special religious events and services. Hifz classes: Memorization of the Qurfan 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 reinslead. This programme continues to run successfully with about 30 young people regularly attending these classes. Page-2
MAZAHIRUL ULOOM LONDON Trustees, Report for the Year Ended 31 August 2024 Islamic Lectures." Our normal public lectures. prayers and seminars have been returned with the pre- COVI D 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 arFd 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 Iruslees has determined that the appropriate level of free reserves which are not invested should be equivalent 3 to 6 months, expenditure, approximately £109K to £218K. Despite the fact that note 10 to the financial statements shows total unrestricted funds of £899K, the charity only had free reserve fund of £166K after the designated fund of £733K 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 202412025 onward. As there is nofurther capital committment the charity has no concern of its going concern operation. Premlse5 extension Premises extension completed during the last fianacial year and this year the charity only carried out some major repairs costing over £30K. Review of Transactions and FinanGial Position As at 31 August 2024 the Gharity's nel balance sheet value is £899,131{2023 £830,977). Page-3
MAZAHIRUL ULOOM LONDON Trustees, Report for the Year Ended 31 August 2024 Trustees. Res onsibilities 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 & Walesl 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 Gharity and of the incoming resources and application of reSoUrS of the Gharity 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 Gharity and enable them lo 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 specrfic resolution to the conlrary 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 24 June 2025 and signed on their behalf. Mr. FarukAhmed Secretary Page-4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAZAHIRUL ULOOM LONDON YEAR ENDED 31 AUGUST 2024 I report on the accounts of the charity for the year ended 31 August 2024 which are set out on pages 6 to 11. The accounts have been prepared on the basis of accounting policies set oul on page 8. Respective responswbilities 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 Acl) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l 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. Follow the procedures laid down in the general Directions given by the Charity Commission Lsnder section 145{5)(b) of the 2011 Act,. and State whether particular matters have Gome to my attention. Basis of Independent examiner's report: My examination was carried out in accordance with Ihe 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 $kIng explanations from you as trustees concerning any such matters. The procedures undertaken do nol provi(Je all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the report is limited to those matters set out in the statement below. Independent examiner's statement: In connection with my examination, no matter has come to my attention: Which gives me reasonable cause to believe that. in any material respect, the requirements: To keep accotjnting records in accordance with section 130 of the 2011 Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been mel., or To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. NAC WDHURY FCCA ABAC S PARTNERS (LDN) LLP Chartered Certified Accountants UnitA, Abbotts Wharf 93 Stainsby Road London E14 6JL 24 June 2025 Page-s
MAZAHIRUL ULOOM LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Total 2024 Total 2023 Unrèstricted Restricted INCOME AND EXPENDITURE Note5 Incoming R8s0urces Voluntary Income Chaiilable Activities Income 122.863 122,863 107,463 349.566 384.450 384.450 Total Income 507.313 507,313 457,029 Rèsources Expended Voluntary Cost Charitable Activities Cost 521 521 434 401,149 401,149 358,299 Administrative Cost 37.489 37.489 21.801 Total Resources Expènded 439.159 439.159 380,534 Net Income l Deficlt for the year 68.154 68.154 76.495 Fund as at 1 September 2023 830,977 830.977 754,482 Funds as at 31 August 2024 10 899,131 899.131 830.977 The notes on pages 8 10 11 fomi part of these accounts. Page-6
MAZAHIRUL ULOOM LONDON BALANCE SHEET AS AT 31 AUGUST 2024 Total 2023 2024 Note5 Fixed Assèts.. Tangible Assets 1.226.119 1,227,964 Curront Assets: Debtors & piepaymenls Ca$h at Bank and in hand 109.702 57.110 166.812 95,436 77,552 172,988 Creditor5: Amount falling due within one year 74.700 58,640 Nèt Current Assets 92.112 1.316.231 114.348 1.342,312 Creditors: Amount falling due more than one year 419.100 511,335 Total Nèt As$els 899,131 830,977 Funds Unrestricted funds.. General 10 899.131 830.9TI Restricted Funds 10 Total Funds 899,131 830.977 These accounts have been prepared in accordance with the Financial Reporting Stand8T¢J for Smaller Entitles leffective January 20151 (UK GMP applicable to Smaller Elllits). Approved by the Board of Trustees on 24 June 225 and stgned on it's behaff by M¥ Harunu¥ Roshid Chowdhury ITTuslee- Chairman) Mr Muhammed GFas Uddin ITreasurer) The notes on pages 8 10 11 fomi part of these accotsttrts. P898-7
MAZAHIRUL ULOOM LONDON Notes to the financial statements for the year ended 31 August 2024 1 Accounting Policies 1.1 8as1s of preparation of accounts: The financial stalemenls have been prepad under Ihe historical cost convention and rn accordance wlh Companies Act. SORP and the Financial Reporting Standard foi Smaller Enlilies. 1.2 Grants and Donatlon r6¢Èivable'. All donations recetved awe liealed as unreslriGted fund. Grants for immediate expenditure are accounted for when they become receivablts. Grants received for speGific purposes a treated as restricted funds. 1.3 Allocation of cost.. Costs a¥e allocated between rè51ricted aThJ unrestrided fund according to the terms ol income. Where items expended are mixed. they are apportioned beeen the calegoiies according lo the income they relate lo. 1.4 Tangible fixed assets and depreciation-. Fixed assets for the charity use ale capilalised al cost. They are stated in the accounts at cost lesy depreciation. Depreeialion is calculaled lo write off the cost l¢ss their estimated resKlual value, over their expected useful lives on the lollowing basis.. Fixture, fittings and equipmenis 10% on cost Incoming Resources The incoming resources and surplus are 8ttributable lo the principal aclwilies of the charity. 3 INCOME SUMMARY 3.1 Voluntary Income Unrestricted Restricted 2024 2023 Friday Colle¢tion GeneTal Donation 25.372 97.491 122,863 25,372 97,491 122,863 22.074 85.389 107,463 3.2 Charitable A¢tivities Income Unrestricted Restricted 2024 2023 Student Fees Evening Madrasha Other income 362.770 11,186 10.494 384.450 362,770 11.186 10,494 384,450 330,498 8,800 10,268 Total Income S07,313 507,313 457,029 Page-8
MAZAHIRUL ULOOM LONDON Notes to the financial statam8nts for ihe year ended 31 August 2024 4 EXPENSES SUMMARY 4.1 Voluntary Cost Unrestricted Restricted 2024 2023 Subscriptions 521 521 521 521 434 434 4.2 Charitsble Activities Cost Unrestricted Restrlcted 2024 2023 Salailes and wages Employerfs NIC Staff Pension Water and Fiales Casual & cover leackner Teacher Training Hire of Equipmenl's Cleaning. Repairs & Maintenan Telephonellnternet P¥inlingPoslage/Copying Trips and event expensès Healing and Ltqhling Insurance Study Materials Examination fees & Ofsled 271.418 7.163 2.646 4.679 21.784 271,418 7,163 2,646 4.679 21.784 250,606 4,616 2,644 4.460 27,747 3.989 29.319 791 1.001 8.864 16,568 6,177 11.255 15,495 401,149 3.989 29.319 791 I,IK)I 8.864 16.568 6,177 11.255 15.495 401,149 7,570 6.927 801 1.334 10.672 4.343 6.936 13,817 15,827 358.299 4.3 Admlnlstrative Cost Unrestricted Restricted 2024 2023 al Support Costs Salaries and wages Employerfs NIC Hire of Equipment's Cleaning, Repair5 & Mainlenance Telephonellnlernel PrinltnglPosla9elCopying Healing and Lighting Insuran Bank and merchanlChaTges Consultancy and Professional fees DepieGialion on FF and Equipment's 7.275 62 997 7.330 7.275 62 997 7.330 198 250 4.142 2,059 3,143 4.994 1.845 32,295 6,877 48 1.892 1,732 200 333 483 2,312 3.388 250 4.142 2.059 3.143 4.994 1.845 32.295 17.265 bl Governance Cosis Salaries and wages Employèrfs NIC Consultancy Feesiiegal Accotsnlancy 2,425 21 1.248 1.500 2.425 21 1.248 1.500 2.292 16 373 1,855 5.194 5,194 4,536 37.489 37.489 21,801 Total Expenses 439,159 439,159 380,534 Page-9
MAZAHIRUL ULOOM LONDON Notes to the financial statements for the year ended 31 August 2024 S Tanglble Fixed Assets Freèhold Properties Flxture, fittrng & Equipment's Totsl Cost 8/Fwd Addilion-exlensionlimprovemenl 1,218.736 111.575 1.330.311 1.218.736 111.575 1,330,311 DepTecialion-. Ch¥ige5 BIFwd Charge foi the year 102,347 1,845 104.f92 102,347 1,845 104,192 Nel Book Value As al 31 Au9usI 2024 1.218.736 7.383 1.226.119 As al 31 August 2023 1.218.736 9,228 1,227,964 6 Debtor8 & Prepayments 2024 2023 Student Fees Loan lo Darul Uloom Foundation Other Debtors 59,702 50.000 45.436 50,000 09. 7 Creditors.. Amount Falling Due Within Ong Year 2024 2023 Othei Creditors Qurd e Hasana - Pvt Loan Accruals 1.825 56,815 73.950 750 74. B Credltors.. Amount Falling DLte After More Than One Year 2024 2023 Qurd e Hasana - Pvt Loan 419,100 511,335 Private Loans. Qurd Hasana" are h)ans from the chari15 beneficiaiies. vh)ich onty have a obligation to repay on demand. rf possible. There is no inl8r&sl due or security given foi Ihese loans. 9 Staff Emoluments 2024 2023 Total Wdges and s813ries Employerfs NIC 281.118 7,246 288,364 259,775 4.679 264,454 Direci Charitable Others 278.581 9,783 288.364 255,221 9.233 264,454 Avg No of employees.. Admin Avg No of employees: Direcl 24 23 Employees paKf in excess of £60,OCK) during the current year and previous yeaT None None No remuneration was paid to any tmslee5 Qr IheiT assoctales dvring the year en(led 31.08.2024 nor at 31.08.2023. P8ge- 10
MAZAHIRUL ULOOM LONDON Notes to the financial Statements for the year ended 31 August 2024 10 Movement In Funds Free Reserye Deslgnaled Unrestrlcted Rèstricted Fund Fund Fund Total As al I September 2023 173.010 657,967 830.977 830,977 Cvrrenl year sUlUS 68.154 68.154 68,154 Current yeaf transfei {75,1021 75.102 As at 31 August 2024 73 9.131 11 Taxation The entity is a regislere(I charity and do8$ not undertakè non-chaiitable aclivities and ale entiue tor lax exemption by the Inland Revenue. 12 Post Balance Sheet Events There were no signili¢anl post balan sheet evenls. 13 Transactlon with Trustees There were no transadions wih the Iiustees duiing the yoar. 14 Contlngent Liabilities The charity had no Gonlingent liabilitiès as at 31 Augvsl 2024 nor at 31 August 2023. 15 Relat6d Parties Transaction There weie no disclosable related party Iransaraions during the year. 16 Glfts in Kind And Volunteers During the yeai the companylcharily benefrted from unpaid work perfomed by volunteers. Page-11