ANJUMAN-E-BADRI {BIRMINGHAM) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charlty Number: 1080090 gTEN Ch]rtered Certifd Accountrjnts & Business Athsors
ANJUMAN.E-BADRI (BIRMINGHAM) FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE Trustees and Professional Advisors Trustees. Annual Report Independent Examinerfs Report Statement of Financial Actiifjties Balance Sheet Statement of Cash Flows 10 Note8 to the Flnanclal Statements 11 GIos8ary
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES AND PROFESSIONAL ADVISORS The Board of Trustees Shaikh Mohamed Hu88ain Karimjee Dr Shaikh Turab Maimwn Shaikh Zulfikar Najmudin Hassanali Dr Abbas Lohawala Mulla Zulficar Jalal Anwar bhai Gulamhussain Luqmanjee Koureth Abdoulhoussen Shabbirhussain Mansoorall Vohra Indep•ndent Examln•r Tenets Accountants Ltd 51 Vittoria Stre Binningham B13NU BAnk•r• Barcloy8 Bank plc POBox324 38 H8gley Road Edgbaston Bimingh8m B16 8NY PJoll¢ltor• Squlre Patton Boggs Rutland Hou8e 148 Edmund Street Bimingham 83 2JR R•gl•t•red AnjumaTre-Badri (Blmingham) R•gl•t•r•d Offlco Serfe8 Mosqua 184 Hinge8ton Street Bimiingham 8188PU Charlty Nnr 1080090
ANJUMAN-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The Trustees are pleased to wesent their report and the financial statements of the charty for the year ended 31 December 2023. Structure. Gov•mnu and Management Anjuman+Badri (&"mingham) was created by a Deed of TNst on 1 March 2000 by the donation of an inrtial corpus of £786 by the 52nd Dai al-MLrtlaq, His Holine&8 Dr Syedna Mohammed Burhanuddin (RA). The Trusfs registered charlty 8ts1u8 8 crmfirmed by the Charity Commission on 29 Marth 2000. Oblectlvm and Actlvlti The Trustees shall hold the Trust Fund and its income Ipon trust to apply them for any (IRritabl8 purposes for the benefit of the community and in particular the Mumineen of the DaKiodi Bohra Jamaat of 8inningham and In Partioar for follo%ing purpo$e6.' Th8 preaching and practising of the161amic religion in confonnty vAth al-Quran, Islamlc Shoriat and the Fatlml {Falimid) philosophy, culture and tradition8. all as interpreted by aDa1 al-mutlaq. 2. The advancement of education. 3. The lIef of need, hardship and distress. The provision and as8istsnce in the provision of facilities for the recxeallm and other leisure tlme occupalons of the said benefickgries particularly for wcrfnen and young people in tre interests of social welfare and so their )ndItIOnS of lifo may be Improved. The Trustees have paid due regard to guldance issued by the Charity Commi88lon on public benefit ffien revithng the Trusts alms and obj8CtiV8s and in planning the Trusfs future activities. The Trustee8 lerved durtng the year were: Shaikh Mohamed Hussain Karimje8 Dr Shalkh Tur8b Maimoon Shaikh Zulfikar Najmudln Ha88anall Dr Abbas Lohawala Mulla Zulficar Jalal Anwar bhai Gul8mhu8S8in Luqrnanjee Kourech Abdoulhoussen Shabts'rhussain Mansoorali Vohra Trustees are appointed by a081 al-mutlaq for a tern of five years or as may be detsmiined by al-Dai akmullaq. A Directlve from HIS Holine88 Dr Syedna Mufaddal Saifuddin (TUS) apinted a new board of tn58tees from 07 March 2018. Twstees may be reappointed at the end of a tem of five years or new trustees may be appointed as Set out in the temis of the Trust Deed. The Tru8tee8 have the pmr to manage, administer and condiKt the day-ttrday buslne88 and 8ffair8 of the Tru8t Meeting8 of the Tru8ts88 are held ordinarily once every months at whlch they agree the broad 8trategy and erea$ of 8Ctlvity for the Tru3( induding the consideration of grantAo8n man9, reserves and rf8k management poliae8 and perfomiance. The day to day adm1nl8tra<)n of grantslQardan Hasana arKI the processing and handling of applications prior to their considerauon by the Trustees Ilf appropriate), together VtrI the general admlnlstrth'on of the charlty has been delegetsd to variou8 8ubcommittee8. The Trustees adhere to all the legislatian applicable to them. Rl8k management The Trustees have assessed the major risks the Trust la8 in respect of its strucbjre. governance and managemenL objectives and activities. finanaal and future plans and identified the major risks by area of activty, the natu ofthose risks, the likelihood of tre rtsks matefialising the measures taken to manage them. The Trusteès review these risks regulady at their meetings and they are satisfied that systems are in place to manage the risks that have been idenllfied, in particular. controls over cash *ithdrawals and authorisation of invoices.
ANJUmAN-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Pollclm and procadura8 for Inductlon and Tralnlng of Tru8tO•8 Before appointmen( Trust888 are generalty aware of the responsibilities they will be expeded to t2ry out. They are also given Copy of the Trust Deed that contains the rules of the tharity and must familiarise themselves 1th all procedures set out in the govwning documenL Remuneratlon of Key Manag0m•nt The Key Management personnel of the charity are th8 Trustees. The chatlty's Wlcy18 not to remunerate Trustees on the b88iS of this being the nonn81 Practi for charities of a similar size and nature. R•vlow of D•v•lown•nts, Acllvltles and A¢hlovements The Trustees 0Th8ider that the perfoThance of the Trust for the year has been 88ti8foCtory. The re8¢JJrce8 of the Trust have enabled it to salisfy the demand8 made upon IL The have been no changes fjth respect to the alms and objective8 of the charity. Since Its opening in 2017, the Tunning of Masjld and c(Knmunlty centre has been one of the key activities of the charity,. In addition to 8UPPOrting member8 of the Dawoodi Bohra communty. The Trust contlnues to make efforts to alleviate hardship vlthln the communty through grants and donations thlch are m8de at the discretion of the trustees. Representstions are made by members of the community through meetlngs Vtrt individual trustees. These are then presented by truste08 to the B08rd of Tru8tee8. The Board then rnake81ts decl8ion accordlngly. The vfi)rk of the Madr88ah (religious 8Ghool) run by thé clwrtty ha8 8180 continued during the ye8r. The charty received donatlons of £33.13212022 - £33,524) 8pedficaUy In reTall¢M to the Medra8ah. The Madr88ah halp8 th• tharty to fuffil one of its objectives of the advanment of educadon. The charty organised and hosted a number of feasts (Nlyaz) for the community during year. DatIOnS of £89,64412022 - £61,028) were recelved from 8UPPOrters to lund th888 event$, on the charity Incurred expense of £51.557 (2022 - £50,847). During the year, the ch8rity continued to undertake relev8nt refurbishment of the properties tt manages, vthich are owied by the Dawat-e-Hadiyah Trust (United Kingdom) on behalf of His Holiness The Dd 8kMuU8q. These propertie8 are let to community members and the general publlc to generate Income for the charfty. AS per the Ir8haadaat of Syedna Mohammed Burhanuddln (RA) and Syedna Mufaddal salddin (tU8). three Qardan Hasana Schemes have been inllatsd as follows.. Moh8mmedi Scheme-Th18 Stheme focu8eB contrltArtion8 made by Mumine8n at large, collethd on 81gnfficant dat68 (e.g. on Lailat al-Jumu'ah and Ya*Yn al-Jumu'8h) and cm various Mav4Baqeet (e.g. Asharah Mub8rak8. Urs, eto). In the Mohammedi Stheme, the contributors are not specificAlly identified, and recpts are not issued for each indivtdual contribubon (except on speafic reque3t, in Nthich case the contribution be fopNarded to the Taher Scheme). The Mohammedl sMe 111 be perpetual in nature, 1.8. once the amount is contributed the amount become6 Part of tho c£Ypu8 of the relevant Qardan Hasana S(thme. Taher Stheme - In the Taher Scheme, all contrlbutr'ons made are a¢knoOd9ed. and a receipt 18 issued to the Contribuior, thus allowing him to specifically identified. Like the Mohammedi Scheme, the Taher Scheme is also based on the understsnding that contributions made by Mumineen wtll be perpetual in nature, 1.8. On the amount is contritrrtrted; the amount beccAnes part of the corpus of the relevant Qardan Hasana Scheme. Husain Scheme- Participants in the Husaln Scheme are encouraged to give Qardan Hasana through the aegis of the Qardan Hasana Scheme tovrdrds the ennobling wrpose of benefitting Mumlneen in their time of need. The Husain Scheme is based on the premise that Qardan Hasana provided by Mumineen to this Scheme will earn the Mumin Thawaab and will be retumable. Givers to the Husain Scheme thill specify a timeHperiodldue date for lch they are giwng the amount. They are encouraged to commit large amounts, and for longer periods. At 31 December 2023, the Husain Stheme had attracted £140,154 (2022 - £190.794) of refundable contributions. £8,125 (2022 - £16,335) was contributed through the Mohammedi and Taher Sthemes during the year. At the year end, the debtors figure from amounts leant to communty meTnbers during the year vms £76,817 P022 - £53,513).
ANJUMAN-E.BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Perfonmanc• agalnst Targets As a result ofthe nature ofthe actiwties of the charity in ts current fomi, no specific financial tsrgets were S8t for the year. Rather. the charity s¢)ught to maximise the positive impact it had on the community, through the provision of charitsble assistsnce, education. worship and events. It also sought to make refU1$hm8nts to the Masjid complex. The Trustees believe that these targets were achieved. Futur• Developments The pdicies and purp08es of the Trust shall continue to be advanced under the provisions of the Trust Deed, FrLThn 2019, the Trust 81arted to rent out the tsyo propeiies that charity had op8rated from prior to the Completic of the masj,. the income from dcNng th1818 ut1118ed to help fund the running of the Masjid. In 2021. the Trust completed the process to purchase land for use as a Qabrastsn (burial ground) located at Es8ington Cemetery, Bursnips Road, Wdverhampton, WV112AF. Donations Vre received from members of the Dav0d1 Bohra communlty tOW8rd8 the wrchase costs. Donations were also received in 2022 and 2023, and the Twst has purchased addltlonal land on the Same slte In 2023. Publlc Ben•fit The Trustses confim that they have paid due regard to the guldance given by the Charity Comm1881 on public benefit 8y fulfilling its objects. the thadty ha8 a positive impact on the local community and thus is of public benefiL It 8UPPOrts those in need through the giving of grants and loans, it organi888 and hosts feasts attended by member8 of the l¢xal community, and the Masjid18 a pla ofworship and 8Oa31 activities for the local community.
ANJUMAN.E.BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Flnanclal Revl The Chanty's income in(xea8ed to £507,388 from £376,973 (2022). The donatiS for Sabil ul-Khar wal-Barakat and Faiz ul Mawaid il Burhaniyah have inueased vknen c(Mnpared to last year, which is the key driver for the increase in the income. There was also an increase in donations received for Niyaz (religious feasts) of £8,616 in comparison to 2022. The rentsl income from the entrusted properties 8180 increased to £23,613 (2022- £17,530) The charity'8 expendittjre ha8 increased to £483,041 from £328,34812022). The difference is mainly drfven by the cost of £60,000 for purthase of the additional Qabrastan larKI during the year. The repairs and maintenance costs have also increased to £42,436 in comparison to 2022 {£17,199) due to the upkeep of the Masjid complex, and 8imll8rly the costs for Light and heat have increased by £22,666 vhen compared to the prior year. The cost for providlng Faiz ul Mavrnid il Burhaniyah has increased by £11,274 and there Yre a180 more costs incurred in the following catsgories ffien compared to 2022: Cleanin9 and general expenses (Increased by £6,782) and Madrasah expenses (increased by £7,3TI). The tharity achleved a net 8urplu8 of£24,347 (2022- suU8 of £48,825), malnty due to the factor8 mentioned abo The tharity's cash reservès have redUd to £292,276 from £376,128 in 2022. The charity's unrestrlcted re8erves deficit has decreased to £15,241 from £74,995 (2022) and its restricted reseNe8 have reduced from a £1C6,397 (222) surplus to £70,990. The Trustee6 give regard to the progre88 made in refurbi6hment of tha Masjid and othw propgrtie6, the ccfflmunty wojeds undertaken. 88 well as tho aforementioned financial perfomiance Indlcators fjn a&8essing the charity's succe88 in fijlfilling it• obj'ects. R••eNM Pollcy The chadty maintain8 an unr88trf(Xed reserve. The charW8 aim18 that the unrestricted fijnd 18 mantained ot a level that vlll enab the charity to pemit it to cL)ntlnue in oper811on, at current level8 of income and expenditure forthe foreseeable fijture. Thg value of the unrestricted reserve remains negative, as a result of the donation of the Masjld during 2017. As stated in the ftrture developments and going concem section, measures are being tsken to increase the income of the charity to reduce this overall deffdt year on year. The re8trlced funds that exlsted durlng ts year re In respect of the fundlng of Qardan Ha8 (interest free loans) to community member8 and the purch88e of land for use ag a Qabrastan (burial ground). As at 31 December 2023, the charity's re6tr1cted re8erve6 we.' Qardan Ha8ana at £70,894 (£82.789- 2022) and Qabrastan fvnd at £ (2022 - £43,628). Inve•tment Poll¢y The charty hdds no investments other than 8tsndard benk accounts., hence it does not have 8 8peafic investrnent policy. U•• of Voluntser• Volunteers help ttKg charity to fulfil its tharitable objects. Volunteers, for ex8mrAe, assist In the preparation of mea18 and organisatlon of events. No volunteers, other than the Tru8t608 have deci8ion making powers. Entru•tm•nt Dlr•ctlv• The follo*ing propertie8 vest In the 'the Dai al-Mutlat¥ (COrpOr10n Sde) VA70 is the Sole Trustee of Dawat+Hadiyah Trust (United lQngdom) (Reg. No. 294807). The Sole Twste8 has Mde Entrustment Directive dated 21 October 2019 entrusted the Said properties to knjuman+Badri (Binningham) for its administration, SupeN51 and management to facilitste religious, social. charitable, education81 and cultural activities ofthe cA)mmunity and there pertinent to receive rental income. 1) Saifee Masjid Complex situated at Hingeston Stree( Bimiingharn, B18 6PU. 21 House situated at 17 Teddington Grove, Pery Barr, 842 1 RF. 31 House situated at 130 Osmaston Road, Harbome, Bimiingham, B17 OTN. 4) CL¥nmunity Hall situated at 63A Crogswells Road, Langley, Oldbury, Blmiingham, 868 8HH The properties belong to and are shohn in the aco)unts of Dawat+Hadiyah Trust {United 'ngdOrn). However, as they have been entrusted to Anjuman+8adri (Binningham), rents and other income derived from these woperties and outgoings, utilitres, rates and taxes in connection 1th these properties are not reflected in the accounts of Dawat+Hadiyah Trust (United lQ'ngdoml bui are instead shovm in the accounts of Anjuman+Badri (Birninghaml.
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Tru8tee8' Re•ponslbllltle8 The trustees are responsible for preparing the Trustees, Annual Report and the finanryal statements in accordance w7th applicable law and United lQngdom P£counting Stsndards {United Kingdom Gener811y Accepted Accounting Practic8) including FRS 102 'The Financial Reporting Standard applicable in the United lQ'ngdom Bnd Republic of Ireland. The law applicable to charities in England and Wales requires the trustees to prepare financial ststements for each finan¢ial year which give a true and fair vlew of the stste of affairs of the charity and of the incoming reSoUrS and application of resources of the charity for that period. In preparing these financial ststements, the trustees are requiredto.. select suitable accounting polictes and then apply them conslstentty.. observe the methods and prinriples in the Charities SORP; make judgements and accounting 88timate8 that are rea80nable and prudent., prepare the finanrAal Btatements on the going corwn ba818 unle88 It18 inappropriate to prelume that the charlty will o)ntinue in buslne88. The trustees ar8 responsible for keeping proper accounting records that disdose )Mth reasonable accuracy at any tlme the financi81 p08ition of the charity and enable them to ensure that the finanual ststements comply with the Charities Act 2011, the applicable Charity (knounts and Reports) Regulatlons and tr*e provisions of the trust deed. They are also responsie for safeguarding the as8ets of the charity and hence for tsklng reasonat4e 8teps for the preventlon and detection of fraud and other irregularitbes. Signed on behalf of the Trustees Shalkh Mohamed Hu••aln Karlmloo Trna•uror Apwoved by the TN8tses on 30 January 2024.
ANJUMAN-E.BADRI (BIRMINGHAM) INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ANJuMANADRI (BIRMINGHAM) YEAR ENDED 31 DECEMBER 2023 I report to the trustees my examination of the accourts of the Anjuman+Badri (Blmingham) forlhe year ended 31 December 2023. which are set out on pages 8 to 21. This report is made solely to the tharity'8 trustees, as a body. in accordance Regulatr'on 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the tharity's trustees those matters l am required to state to them in an independent examiners report and for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responslbility to anyone other the chant¢8 trustees as a body, for my work, for this re¢ or for the statement I have mad R8•pon8lblllilM and bMl• for r•port A8 the tharity trustee8 of the Anjumar88drl (Bimiingh8m> you are re8pon8ible for the preparation of the aLrounts accordance vlth the rffjuirements of the Charfties Act 2011 ('the Acr) I report In relpect of my examination of the AnjLman+Badrl (Blmilngham) accourrts carrled out under sedion 145 of the 2011 Act and in carying out my examln8tion I have follo1 all the applicable DlraLion8 given by the Charty Commission under 8ection 145(5)(b} of the Act. Indopend•nt examln•V¥ •tat•m•nt Since th¢ Charlty's gross Income exceeded £250,CI)O your WAaminer must be a member of a body Ilsted In secllon 145 of the 2011 Act. I confirm that l arn qualified to undertake the examination bee4U8e l am a member of ACCA thich is one of th8 listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination glving me cause to believe.. accx)untlng records re not k•pt In respect of the Anjuman+8adrl {81rmlngham) as required by sectlon 130 of the Act., or 2. the accounts do not accord th those records; or 3. the ac¥x)unts do not comFly with the aoUntIng requirements ¢onceming the fom and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aCCnts give a 'true and falr Niew thich 18 not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance 1th the methods and principles of the Statement of Recommended Practice for accounttng and reporting by charities applicable to charitie8 preparing their acojunts in accordance fjth the Financlal Reporting Standarcl 8ppIic2ble in the UK and Republic of Ireland (FRS 102). I have no concems and have c£)me acros8 no other matters in connectlon vith the ex8mln8tion to vthlth attention Should be drawn in th. report in order to enable a proper understanding of the accounts to be reached. Mr M. Abbass IrKlependent Examlner Tenets Ar£ountants Ltd 51 Vittoria Street Bimiingham B13NU 30 January 2024
ANJUMAN4-BADRI (BIRMINGHAM) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unre$trlcted Fund8 Regtrlcted Total Funds Fund• 2023 Total Funds 2022 Income and Endowmonts from: Donations and Legacies Investments 459,182 23,613 24,593 483,T15 23,613 359,443 17,530 Total Income and EndtrMnent•: 482,795 24,593 507,388 376,973 Expondltur• on: Charitable Activities 423,041 60,000 483,041 328.348 Tolal Re•ourc•• Expended 423,041 60,000 483,041 32a348 Net Incomlng RO•oU 59,754 (35,407) 24,347 48,625 Tr•n•forn Gro85 Transfers beten fund8 18 Net movement in fvnd8 16 59,754 (35,407) 24,347 48,625 Rttonclllatlon of fund• Total funds brought fopward 16 (74,995) 106,397 31,402 (17,223) Totsl fund8 carried forward 16 (15,241) 70,990 55,749 31,402 The notes on page8 11 to 21 form part of these financial Statements.
ANJUMAN-E-BADRI (BIRMINGHAM) BALANCE SHEET As at 31 DECEMBER 2023 2023 2022 Flxed A88ot• Tangible Assets 10 64,614 67,505 Current A880ts Debtors Cash at bank and In hand 11 125,513 292,276 93,CBS 376,128 417,789 (426,654) 489,191 {505,294) Crodltorn; Amount• fallln9 duo wlthln on• yoar 12 N•t Current A•••t• l (Uabllftl8•) (8,885) (36,103) Total a8••ts lo•• curf•nt Ilabllltles 55,749 31,402 N•t (Uabllltlm) l A8•ets 55,749 31,402 Fund• Restricted Unrestricted 16,17 16,17 70,990 (15,241) 106,397 (74,995) TOTAL FUNDS 55,749 31,402 These financlal statements were approved by the Trustee$ and authorised for iSBue on the 30 January 2024, and are slgned on their behalf by.. Shaikh Mohamed Hu•8aln Karfml Treasurer The notss on pages 11 to 21 fomi part of these financial statements.
ANJUMAN-E-BADRI (BIRMINGHAM) STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flo from opornllng actlvttlo•: Net cash provlded byl(used in) operating activities 180 (83,463) (24,202) Cash n¢y4VS from Inveotlng actlvltle•: Rentsl income 23,813 17,530 Not ca•h provld•d byllu8•d In) Invmllng actlvltl 23,613 17,530 Cash flow8 from fln•nclng acllvltle8 Qardan Hasana payable (24,000) 123,500) Net u•h provld•d byl(u••d In) flnanclng actlvltl•8 (24,000) (23,5001 Chang• In cuh and ci•h •qulval•nt• In th• roportlng perlod (83,850) (30,172) Cash and ¢a•h •qulval•nts at th• b•glnnlng of th• r•portlng rIOd 378,126 4c,298 Ca•h and ca•h aqulvalenta at the ond of th• rnportlng pgrfod 18b 292,276 376,128 x¥== -1
ANJUMAN*-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 General Infomiatlon AnjumaTre-Badri (Binnlngham) Is an unincorporated charity govemed by a TN8t Deed. Tr charity is registered in England and Wales with the Charity Cornmission. Its registration number is 1080090 and its registered office ig Saifee Mosque, 164 Hingeston Stree( Bimiingham, 818 8PU. Acc¢wntlng Pollclo8 a) Ba81• of Accountlng The flnanciel Statements have been prepared under the hist1 c05t corw8nti item8 recogn188d at cost or transaction value unless otheNise ststed in the relevant note{sl to these financial st8tem8nts. The financial statements have been prepared in accordan Accounting and Reporting by Charities., Ststement of Recommended Practlce applicable to charities prepartng their accounts In accordance w7th the Flnancial Reporting Stsndard applicable in the UK and ReputAic of Ireland (FRS 102) {effective January 2015) - (Charfties SORP (FRS 102)), the Flnanaal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102) and the Charities Act 2011. The accounts (financial statements) have b88n prepared to give a 'true and fairf vlew and have departed from the Charities (Accounts and Reports) Regulation8 2tX18 ¢lY to the extent required to provide 8 'true and f8ir vievl. Thi8 departure has involved following Accounting and Reporting ty Charities preparlng their aco)unts in accordance vith the Finanaal Reporting Stsndard appllcable In the UK and Republlc of Ireland (FRS 102) i88ued on 18 July 2014 rather than the Accounting and Reportlng by Charities: Statement of Reccmmended Practice effective from 1 April 2005 1¢h has 81nce been withdrawn. The tru8t con8tituts8 8 publlc benefft entity a8 deiined by FRS 102. The flnanpial ststements are prepared in sterling, vthlch 18 the functi¢Mel currency of the charity, and are round8d to the near68t ¥%t)ole £1. The acrL)unts are wepared for the tharity as a single enw. The preparatlon ol financial statements in compliance wfjth FRS 102 requires the use of certaln cxitical accounting e8timate8. It also require8 management to exerd8ejudgement in apptying the Charity's accounling policte8 (see note 3). b) Golng Conc•m The Irustees conslder that there are no material un¢ertaintie8 about the Trust's ability to continue as a going cCern. The charity has large cash balances and a number of measures have been tsken to incre88e income. such as renting of properties and additional donatlons from communty members to help fund the running costs of the Masjid. ¢) Incomlng Re•ou All Incoming resources 8re induded In the ststements of finanaal actlvities Nvhen the charity18 entitled to the income and the amount can be quantffied ryth reasonable araCY. Donations and rental income are induded in the statement of financlal activilies Nthen received. The ccYrespDnding glft aid due 18 Included In the relevant fund then receivable. d} R••ource• Expnd•d l expenditure is Included on an accruals ba5 and Is recognised Mthen there is a legal or constructive obligation to pay for expenditure. The Twst 18 not registered for VAT and acthingly expenditure Is Sho4 gross of irreCoverate VAT. ExpenditUTe on charitable activities indudes all costs incurred by a tharity in undertaking adivities that further its charitable aims for the benefrt of its beneficiaries, induding those support costs and costs relating to the govemance of the charity apportioned to charitable activities. -11-
ANJUMAN4-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 e) All¢xatlon of •upport and gov•rnance costs Support costs have been alltxated befvRen govemance costs and other support costs. Govwnance costs cx)mprise all costs involving the public aCnbilty of the chanty and its compliance with regulation and good wactice. These costs indude costs related to the independent examination and general accountancy fees. Support costs have been all¢)catsd beknn actimties based on the nature of the costs. In each case. consideration is given to vthether the support primarily relates to the general proNision of charitable seN¢e8 or to the maintenance and management of the Masjid and other properties. fj UnrMtrlct•d Funds Unrestricted fiJnd8 conslst of incoming r680urS recelved and Income generated forthe obj'ects ofthe cthartty. vthOUt further specified purpose, and are available as gener81 funds. gl Re•trlct•d Fund• Restrided fiJnd6 are to be u8ed for SPfiC purpo8e8. Expenditure lch meets the88 criteria18 charged to the fvnd. h) Flx•d AM•t• and Dgpr•clatlon Fixed assets are Inits'dly recorded at C08L Depreaation is olculatsd so ag to wylts off the co8t of an asse(1888 rts e8timaled residual value. over the u1 economlc life of that a88et 88 follows.. Flylures, Fitbngs and ImproVents Computsr Equipmp Motor vehicles Leasehold Improvements - 25% Reduang Balance - 25% Reducing Balance 33 13% Straight Line - 2% Straight Line l) D•btor• Trade and other debtors are rwnl8ed at the settlement amount due after any trade disLX)unt offered. Prepayments are valued at the amount prepaid net of any trade disc(wJnts due. J) C••h at Bank and In Hand Ca8h at bank and cash in hand indudes cash and short temi hlghly liquid Investments with a short maturity of thre8 months (Yless from the date of acquisrtion or opening of the deposit or similar account k) Cr•dltor• and provl•lon• Credltors and provisions ar8 recognised ere the charity ha8 a present obligation resulb'ng from a past event that wll probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estim8ted reliatly. Credlt(Ks and provision8 are normally recognised at their settlernent amount after allowing for any trade discounts due. l) Flnanclal In•truments The Charity only has financial assets and financial li8bilrties of a kind that qualify as basic financaal instruments. Basic financial instruments are inrtialty recognised attransaction vue and subsequenty Measur attheir settlementvalue. -12-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Judgomgnts In apptylng accountlng poll¢le• •nd k•y sources of estlmatlon uncertalnty In preparing the Financial Statements, management Is required to make estimates and assumptions fi[ch affecl reported ir1Me, expenses, assets, liabilities and disdosure of contingent assets and liabilities. Use of available infomiaticm and applicattcKt of judgement are inherent in the formation of estimates, together wth expectations of future events that are bdieved to be reasonable under the circumstan¢e& Actual results in the Iljture could differ from such estimates. Owing to the simple nature of the charity's activities, balanS and transactions. no slgnificant judgements are made. Consequentty, there are not considered to be any areas of the acLounts that are considered to be subject to significant estimatlon uncertainty. Donatlons and1ogacl68 le1VOd Unre•trlct•d Fund8 R••trf¢ted Fund• ToLIl Fund8 2023 Total Funds 2022 Sabll ul-Khalr wal-8arakat Other donatlons Faiz ul Mawaid il Burhaniyah Gift Aid claimed Q8rdan Hasana Madrasah Niyaz Ireliglous feasts) Qabrastan (burial groundl 216.869 6,164 84,652 48,721 216.869 6,164 84,652 48.721 8,125 33,132 89,844 16.488 136,364 2,373 51,490 39,552 16,335 33,524 61,028 18,777 8.125 33,132 69,844 18,488 459,182 24,693 483,775 359,443
¥4=-
Inc(Yne from Inv••tm•nt•
Unre•trlcted
Fund•
R••trfctsd
Fund•
Totsl Fund•
2023
Total Funds
2022
Rentsl Inrne
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Net Incomlng Resources 2023 2022 This is ststed after chawng for independent examination 4,OlX) 4,000 The tharity ha8 no employees (2022- nil). No remuneration ha5 been paid to the Tnjstees in their c2pa(ity as Trustees during the year {2022 nll). The Key Management Personnel of the charity are considered to be the Trustses, none Of0M are remunerated in elther 2023 or 2022. No expenses have been paid to the Trustees In thelr capauty as Trustees durfng the year other than the reimtxjrsement of out of wket expenses (2022- nll, other than the reimbursement of out of pocket expenses). -1
ANJUMAN-BADRI {BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Exp•ndlturo on Charltable Actlvftl Provlslon of Ma8Jld and Q•bra8tan Charllable other Fund S•rvl¢•4 prop8rt1•8 (Re¥trlct•dl Total 2023 Total 2022 Cost of Actlvllles Undertaken Dlrecty Taqarruban Niyaz (religious feasts) Faiz ul Mawaid il Burhaniyah Madrasah expenses Gifts to emis8arie8 45,230 51,557 78,182 29,873 14,178 45,230 51,557 78.182 29,873 14,178 47,788 50,847 66,908 22,496 5, 714 Totsl Cost of Actlvltlas Undertaken Dlrortly 219,018 219,018 193, 753 Cost of Grnnt Fundlng of Aetfvltl•s Other donations Muvasat 427 Total Cost of Grnnt Fundlng oIActlvftl•s 580 580 1.007 Qabrastsn fijnd 80,000 60,0 Support & Gov•m•n¢• ct Rates end water Llght and heat Telephone Repairs and malntenarKe Cleaning 8nd general expen8e8 Insurance Other costs Depreciation Printing & stationwy Legal and professional Independent Exam l Audit fee Accounting fees Bank charges 3,482 68,821 2,952 42,438 32,970 12,022 3,482 68,821 2,952 42,438 32,970 12,022 21,234 2,891 1,541 7,390 4,000 2,800 540 46,155 2,873 17,199 26,188 10,312 15,155 3,405 386 3,737 21,234 2,891 1,541 7,390 4,000 2.800 2,800 838 Total Support & Govern•nc• 40,760 162,683 203,443 133,588 Total Expendlture on Charltable Actlvltle8 280,358 162,683 60,000 483,041 328,348
ANJUMAN.E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Analysls of grants made: Grants to In•titutlon• Grants to Indlvldual• Naturn olGMnt.' Water and sanitation projects Support to children 290 290 Roclpl•nt8 01 In8lltullon•l Grants Total 2023 Total 2022 WaterAld - General grant for water and 88nitstion projects Sav8 the Chlldren- General grant for provldlng 8UPPOrt to children 290 290 580 580 AJI grants are considered by the TnJ8tees to be of publlc benefit. -1
ANJUmAN-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Support and Gov•m•n¢e CcAts Support and Govemance costs have been allocated to expenditure on charltable activities on the basis that almost all of the charity's expenditure is of this nature. Support and Govemance costs are allocated betwn Provision of Charitie Services (Unrestricted Funds) and Masjid and other propertles (Unrestricted Funds) based on whether Ihe expenditure relates to the charity's activib'es or the Maintenan and management of the Masjid and other properties. Provl8lon of Ma$Jld and Charllabl• other 8•rvIc prop•rtl Gov6rnance Costs General Support C08ts 6,800 33,980 6,800 196,643 162,683 40,760 162,683 203,443 10. Tanglbl• Flxgd A*•èts iM88hold Improvements Flxttir08 and Flttlngs Computer Equlpment Motor Vohlcl Total Cost At 1 January 2023 Additions Disposal8 67,388 43,680 12,553 11,490 135,091 At 31 December 2023 87,388 43,680 12,553 11,490 135,091 Dopmclallon At 1 January 2023 Ch8rge ftjr the year e,039 1.347 38,578 1,276 11,481 268 11,4 67,588 2,891 At 31 December 2023 7,388 39,852 11,749 11,490 70,477 N•t Book Valu• At 31 December 2023 59,982 3,828 64,814 At 31 December 2022 61,329 5,104 1.072 67,505 -17-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 11. 2023 2022 Gift aid Glalm receivable Loans to indimduals 39,552 53,513 76,817 125,513 93,065 12. Credftorn: Amoun1• falllng duo wlthln one yoor 2023 2022 Accruals Husain Qardan Hasana Scheme Qardan Hasana payable 140,154 286,500 310,) 426,654 505,294 The Qardan Hasana payeble balance relates entirely to loan8 from the Dawat+Hadlyah Trust {Unrf(ed Kingdom) (balance a8 at 31 December 2023 - £152,750) and the Saifee Foundatlon of Europe (balance as at 31 D8mber 2023 - £133,750). No Intere8t 18 being charged on these loan& -18-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 13. Flnanclal Instruments a) Flnanclal AMet• h•ld at Falr Valufj through Incomo and Expendlturo 2023 2022 Totsl Financ481 Assets held at Fair Value through Income and Expenditure 292,278 376,126 Totsl Financial Assets held at Amortised C08t 125,513 93.065 Finandal 888ets held at fair value through inctsne and expendittire Consts of cash at bank The fair value of cash at bank and in hand is estsblished by translating the balance in the bank accounts according to year end bank 8tstement8 by the relevant exchange rats at 31 December 2023. Finantial a88ets held at amorti8ed coat o)n8iSt of tha Gift Ad receivable and loans to indivk4ual6. b) Fln•ncl•l UabHnlM hold at Falr Valu• through Incom• and Expondltur• 2023 2022 Total Financlal Liabllitie8 Held at Falrvalue throu Income and Expenditure 286,500 310,5t Total Finan(aal Liabilities held at kn0rt18ed Cost 140,154 194, 794 Flnencial liabilities held at fair value through irrnme and expenditure con818ts of Qardan Ha88na; intsrest free loan8. The falr value 18 detemined b88ed on di8cusslons and confirmallons Imth the counterparttos. Financlal liabllitie8 held at amortlsed cost are Husain Qardan Ha¥ana Scheme and accruels. 14. R•lat•d Party Trnn•actlon• AnjumaTr&Badri {Blrmingh8m) 18 conneL#ed to the Dawat+H8dryah Trust (United Kingd¢yn). Upon ts opening, Anjuman e-Badrl (Bimilngham) donatad the Masjid complex to the Dawat-&Hadiyah Tru8t (Unlted lfjngdom). The donation valu& is the $t of the [%6trUCtIon of the building. At the ye8r-8nd, Anjuman-84adri (8imiingh8m) 0%d the Dawat-&Hadiyah Trust (United Kingdom) and the Salfee Foundation of Europe £286,5LTh) (2022 - £310,5(M)). This balance represents Interest free loans, which were made to th6 charity S8V8ral years ago. These loan balances were accounted for entirely within creditors due Vlithin one year. Neither of these loan8 are secured and are repayable upon demand. During 2023, £12,000 {2022 - £11,750) wa8 pald to Saifee Foundats'on of Eurcyi and £12.IXIO (2022- £11,750) to the Dawat-PrHadiyah Trust (Unitsd lQ'ngdom). At 31 December 2023, there V#PS a total of £9,828 owed to three Trustees wthin the Hussain Scheme Credltor {2022 - £24,476 ow8d to five Trustse8). In both 2023 and 2022. there were no balances due from the Trustees. During 2023, the charty received donations totalling £24,172 from seven trustees (2022 - £18,233 from seven Trustees). Fr ts'me to time, trustees Vlill incur expenditure on behaf of the chaty and then be reimbursed. Durlng 2023. these reimbursements, made to three trustees, totsllvj £8,206 (2022- £1,027 to trustees). -1
ANJUMAN.E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 15. Restrletsd Funds Balance at 01 Jan 2023 Incomlng ExndIture Transfors Resource8 Balance at 31 Dec 2023 Qardan Hasana Q8brastsn fund 62,769 43,628 8,125 16,488 70,894 60,(K)O Total R081rfctsd Fund• 1C6,397 24,593 60,000 70,990 The Qardan Hasana represents donal1c5 from members that are to be used to help fvnd Qardan Hasana (interest free loans) to community members {Mohammedi and Taher scheme). Qabrastan fund relatss to the purtha$8 of land in E8singl Cemetery for u88 as a burial ground. 16. Fund• Analy41• Not• B•lan at Incomlng Exp•ndltur• 1 J•n 2023 R•8ourco• Tran•f•r• Balance it 31 Dec 2023 Re8trlcted Funds 16 106,397 24,593 80,000 70,990 Unre8trlcted Fund8 (74,995) 482,795 423,041 (15,241) Total Fund• 31,402 507,388 483,041 55,749 -2
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 17. Analysls of Net A88ets Ibetsvo•n rn•trl¢tsd and unra•trlcted fund8) Fund balances at 31 December 2023 are repre8ented by: Unrnstrlcted Fund8 Re8trfcted Funds Total Tangible fixed assets Currenl assets Current liabilitie8 64,614 206,645 (286,500) 64,614 417,789 (426,654) 211,144 (140,154) (15,241) 70,95YI 55,749 18. Not•• to th• cash flow •tatem•nt 2023 2022 Recon¢lll•tlon of net Incom(0Xp•nd1tur•> to not cash fl¢ from operatlng actlvllle• Net incomellexpendlture) for the reporting perfod Adjustments for.. DeprecAation charges (Increasellde¢r88se in debtor8 Increasel(deuease) in creditors due In less Ihan one year Rental income Repayment of Qardan Ha8ana 24,347 48,825 2,891 (32,4481 178,640) (23,613) 24,000 3,405 (27,379) ($4,823) (17,5301 23,500 N•t c•sh provlded byl(uud In) oporatlng •ctlvftl (83,463) (24.202) Analy•l• of ca•h and ca•h equlv41•nts 2023 2022 Cash in hand 292,276 376,126 T¢)tal Cash and ca•h •qulvalant• 292,276 376,128 -21-
ANJUMAN-E4ADRI (BIRMINGHAM) GLOSSARY YEAR ENDED 31 DECEMBER 2023 Glo••ary Anluman An administrative unit established under the guidance and direction of the Dai-A Mutlaq to organise and manage the affairs of the Dawoodi Bohra Jamaat of paTts'cular area. Mini8ter of religion Sabil ul-Khair waBarakat Regular contributlons offered by members of Oawoodi Bohr8 Communty. Masjid Mosque Faiz ul M8w8id il Burhaniyah Provision of food to the community Markaz Community centre or hall Taqarwban Conventional contribution offered by the variouB org8ni$ation8. jama8t8 and individua18 to Dawat+Hadiyah Trust (United Kingdom) Qardan Hasana Interest free108n Madrasah Religiou8 School Muva8at Charitsble assistance Manshurat Religious publication8 Muvasalat Transportati for emi8sarles and personnel NIy82 Religlou8 feasts Enayat Grants Mohallah Community members In 8 demographlc 8re8 Qabr88tan Burial Ground Moula TU8 Milad H18 Hdine88 blthday Taamir Bullding nstruCtion, restoration repairs and Btructural work. Tallmy Imdad Education altj ribby lrndad Medical ald Rahaesh Boardlng faciltylaccommodation Amanat Deposits Laagat Prescribed contribuilon -22-