ANJUMAN-E-BADRI (BIRMINGHAM) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charlty Number: 1080090 TENs Charted Cethfied AccountontS & 8VSin Advisor5
ANJUMAN-E-BADRI (BIRMINGHAM) FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Trustees and Professional Advisors Trustees. Annual Report Independent Examiner's Report Slalement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements Glossary 22
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES AND PROFESSIONAL ADVISORS The Board of Trustees Yusuf Shabbir Bagasrawala Shabbirhussein Vohra Hozefa Ebrahim Dr Abbas Lohawala Adnan Mohammed Husein Karimjee Murtaza Hinganghaa1a Taha Munir Jalal Shamsheer Hussein Ganiwalla Independent Examiner Tenets A¢¢ounlants Ltd 51 Vittoria Street Birmingham B13NU Bankers Barclays Bank plc POBox324 38 Hagley Road Edgbaslon Birmingham B16 8NY Registered Name Anjuman-e-Badri IBirminghaml Registsred Offl¢e Saifee MosqL 164 Hingeston Street Birmingharn B186PU Charlty Number 1080090
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees are pleased to present their report and the financial slalements of the Charity for the year ended 31 December 2024. Structure, Governance and Management Anjuman*-Badn {Bimiinghaml was created by a tked of Trust on 1 March 2000 by the donation of an initial corpus of £786 by the 52nd Dai al-mutlaq. His Holiness Dr Syedna Mohammed Burhanuddin IRAI. The Trust's registered charity slalus was confirmed by the Charity Commission on 29 March 2000. Objoctives and A¢tlvlties The Trustees shall hold the Trust Fund and its income upon trust to apply them for any charitable purposes for the benefit of the community and in particular the Mumineen of the Dawoodi Bohra Jamaal of Birmingham and in particular for the following purposes.. The preaching and praclising of the Islamic religion in confomiity with al-Quran, Islamic Shariat and the Fatimi (Fatimid) philosophy, Culture and traditions, all as interpreted by al-Dai al-mutlaq. The advancement of education. The relief of need, hardship and distress. The provision and assistance in the provision of facilities for the recreation and other leisu lime occupations of the said beneficiaries particularly for women and young people in the intere515 of social welfare and so their condition5 of life may be improved. The Trustees have paid due gard lo guidance issued by the Charrty Commission on public benèfit when reviewing the Trust's aim5 and objectives and in planning the Trust's fvlure activities. The Truslees who servèd during the year were.. Yusuf Shabbir Bagasrawala Shabbirhussein Vohra Hozefa Ebrahim Dr Abbas Lohawala Adnan Mohammed Husein Karimjee Murtaza Hinganghatwala Taha Munir Jalal Shamsheer Hussein Ganiwalla Trustees are appointed by al-Dai al-mullaq for a term of five years or as may be determined by al-Dai al-mullaq. A Directive from His Holiness Dr Syedna Mufaddal Saifuddin ITUSI appointed a new board ol trustees in 2024. Trustees may be reappointed al the end of a term of five years or new Iruslees may be appointed as set out in the terms of the Trust Deed. The Trustees have the power to manage. administer and conduct Ihe day-to-day business and affairs of the Trust. Meetings of the Trustees are held ordinarily once every 34 months al which they agree the broad Strategy and areas of adivily for the Trust, including the consideration of granvloan making, reserves and risk management policies and performance. The day lo day administration of grantslQardan Hasana and the processing and handling of applications prior lo their consideration by the Trustee5 lif appropriatg), together with the gengral administration of the charity has been delegated to various subcommittees. The Trustees adhere to all the legislation applicable to them. Risk management The Trustees have assessed the major risks the Trust faces in respect of its structure, governanc£ and management, obje¢lives and activities, financial and future plans and identified the major risks by area of activity, the nature of those risks, the likelihood of the nsks materialising and the measures taken to manage them. The Trustees review these risks regularly at their meetings and they are satisfied that systems are in place lo rnanage the risks that have been identified, in particular, controls over cash withdrawals and authorisation of invoices.
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Policies and procedures for Induction and Tralnlng of Trustees Before appoinlmenl, Trustees are generally awa of the responsibilities they will be expected to carry out. They are also given a copy of the Trust Deed that contains the rules of the charity and musl familiarise themselves with all prOdureS set out in ltte governing document. Remuneratlon of Key Management The Key Management personnel of the charity are the Trustees. The charity's policy is nol to remunerate Trustees on the basis of this being the normal practice for oharities of a similar slle and nature. Review of Devolopments, ActlvlUe8 and Achievèments The Tru$lee$ consider that thè performance of the Trust for the year has been satisfactory. The resources of the Trust have enabled it to satisfy the demands made upon it. There have been no changes wilh respect lo the aims and objectives of the charity. Since ils opèning in 2017, the running of Masjid and community centre has been one of the kéy activities of the charity,. in addition to supporting members of the Dawoodi Bohra community. The Trust continues to make efforts lo alleviate hardship within the community through grants and donations which are made at the discretion of the trustees. The Charity has. also h05ted events for community members in the year such as the Eid Mela and sporting events to encourage participation and cornmunily cohesion, including dean up exercise5 around the Masjid complex to maintain a cleaner and healthier environment. The work of the Madrasah Ireligious school) run by the chanly has also continued during the year. The charity received donations of £34,14812023 £33.1321 specifically in relation to the Madrasah. The Madrasah helps the chanly lo fulfil one of its objectives of the advan*ment of education. The charity organised and hosted a number of feasts INiyazl for the community during the year. Donations of £106,70612023 - £69,644) were received from supporters to fund these events, on which the charily incurred expenses of £38,524 12023 £51,557). During the year, the ¢harily continued lo undertake relevant fUOIshMenI of the properties il manages. which are owned by the Dawat-e-Hadiyah Trust (United Kingdom) on behalf of His Holiness The Oai al-mutlaq. These properties are let lo communily members and the general public lo generate income for the charity. As per the Irshaadaat of Syedna Mohammed Burhanuddin IRAI and Syedna Mufaddal Saifuddin Ilusl, three Qardan Hasana Schemes have been initiated as follows.. Mohammedi Scheme- This Scheme focuses on contributions made by Mumineen at large, collected on significant dales le.g. on Lailat al-Jumu'ah and Yawm al-Jumu'ahl and on various Mawaaqeel le.g. Asharah Mubaraka. Urs, etc.). In the Mohammedi Scheme, the contributors are not specifically identified. and fftceipts are not issued for each individual contribution (except on specific request. in which case the contribution can be foNarded to the Taher Schemel. The Mohammedi Scheme will be perpetual in nature, i.&. once the amount is contributed the amount becomes part of the corpus ofthe relevant Qardan Hasana Scheme. Taher Sch8n78 - In the Taher Scheme, all contributions made are acknowledged, and a receipt is issued to the Contributor, thus allowing him lo be specifically identified. Like the Mohammedi Scheme. the Taher Scheme is also based on the understanding that contributions made by Mumineen will be perpetual in nature, i.e. onc£ the amount is contributed,. the amount becomes part of the corpus of the levant Qardan Hasana Scheme. Husain Scheme - Participants in the Husain Scheme are encouraged lo give Qardan Hasana through the aegis of the Qardan Hasana Scheme towards the ennobling purpose of benefitting Mumineen in their lime 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 will specify a time-periodldue date for which they are giving the amount. They are encouraged to commit large arnounts, and for longer periods. At 31 December 2024, the Husain Scheme had attracted £16,76212023 - £140,154) of refundable contributions. £5,53112023 £8,1251 was contributed through the Mohammedi and Taher Schemes during the year. At the year end, the debtors figure from amounts leant to community members during the year was £61,87012023 - £76,817).
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Perfomiance against Targets As a SuIt of the nature of the activities of the charity in ils current fom, no specific financial targets were sel for the year. Rather, the charity sought to maximise the positive impact it had on the community, through the provision of charitable assistance. education, worship and events. It also sought lo make refurbishments to the Masjid complex. The Trustees believe that these tsrgels were achieved. Future Developments The policies and purposes of the Trust Shall continue to be advanced under the provisions of the Trust Deed. From 2019, the Trust started to rent out the Iwo properties that charity had operated from prior to the completion of the Masjid,. the income from doing this is utilised lo help fund the running of the Masjid. In 2021, the Trust completed the process to purchase land for use as a Qabraslan (burial groundl located al Essington Cemetery, Bursnips Road, Wolverhampton, WV112AF. Donations were rec£ived from members oflhe Dawoodi Bohra community towards the purchase costs. Donations were also ceived in 2022 and 2023, and the Trust purchased additional land on the same site in 2023. The Trust plans on continuing lo invest in the development and refurbishment of the masjid complèx. Publlc Beneflt The Trustees confirm that they have paid due gard lo the guidancé given by the Charity Commission on public benefit. By fulfilling its objects, the charity ha8 a positive impact on the local community and thus is of public benefit. 11 sUPPOrts those in need through the giving of grants and loans, il or9anises and hosts feasts attended by mernbers of the local community, and the Masjid is a place of worship and social activities for the local communily.
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Financial Review The Charity's income increased to £541,066 from £507,388 120231. The donations for Niyaz Ireligious feasts} and Other Donations have increased when compared to la51 year. which is the key driver for the increase in the income. The charity's expenditure has decreased to £463,331 from £483.041 120231. Whilst the Cost for providing Faiz ul Mawaid il Buthaniyah and the cost for Light and Heal has increased. the Other Cost category has redud. In the prior year, the charity also purchased additional Qabraslan land for £60,000 which would have an impact when comparing the total expendrture for the pnor year to this year. The charity achieved a nel surplu5 01 £77,73512023- surplus of £24,347>. mainly due to the factors mentioned above. The charity's cash reserves have reduced to £240,204 from £292,276 in 2023. The charity's unrestricted reserves has moved to a surplus p0511ion of £56,963 from a deficit of £15,241 in 2023 and its reslrided reserves have increased from a £70,990120231 surplus to £76.521. The Trustees give regard lo the progress made in refurbishment of the Masjid and other properties, the community projeds undertaken, as well as the aforementioned financial perfoman¢e indicators when assessing the charf(y's suc¢kss in fulfilling ils objects. Reserve$ Pollcy The charity maintains an unrestricted reserve. The charity's aim is that the unrestricted fund is maintained at a level that ¥MII enable the charity lo permit il to continue in operation, at current levels of income and expenditure for the foreseeable future. The value of the unrestricted reserve was showng in deficit up lo the year ended 31 December 2023, as a result of the donation of the Masjid during 2017. As slated in the future developments and going concern section. the positive measures that have been taken to increase the income of the charity has helped to reducè this overall deficit year on year. The restricted funds that existed during the year were in respèct of the funding of Qardan Hasana linteresl free loansl to community members and the purchase of land for use as a Qabraslan Iburial groundl. As at 31 December 2024. the charity's restricted reserves were. Qardan Hasana at £76,4251£70,894- 20231 and Qabrastan fund al £9612023 - £961. Investment Pollcy The charity holds no investments other Ihan standard bank accounts., hence it does not have a specific investment policy. Uso of Volunteers Volunteers help the charity to fulfil its charrtable objects. Volunteers, for example, assist in the pr8paration of meals and organisation of events. No volunteers, other than the Trustees have decision making powers. Entrugtment Dlrectlvo The following properties vest in the the Dai al-mutlaq" (Corporation Solel who is the Sole Trustee of Dawat-e-Hadiyah Trust Iunited Kingdom) IReg. No. 2948071. The Sole Trustee has vide Enlruslment Directive dated 21 October 2019 entrusted the Said properties to Anjuman-Badri (Biminghaml for ils administration, supervision and management lo facilitate religious. social, charitable, educational and cultural activities of the community and where pertinent to re1ve rental income. 11 Saifee Masjid Complex situated at Hingeslon Street, Bimiingham, B18 6PU. 21 House situated at 17 Teddinglon Grove, Perry Barr, B42 1 RF. 31 House situated at 130 Osmaston Road, Harborne, Birmingham, B17 OTN. 41 Community Hall situated at 63A Crosswells Road, Langley, Oldbury, Bimiingham, 868 8HH The properties belong to and are shown in the accounts of Dawat-e-Hadiyah Trust Iunited Kingdom). However, as they have been enlrusled to Anjuman£-Badri 18irminghaml, rents and other income derived from these properties and oulgoin9S, Utilities, rates and taxes in connection with these properties are not reflected in the accounts of Dawat-e-Hadiyah Trust (United Kingdom) but are instead shown In the accounts of Anjuman-Badri IBimingham}.
ANJUMAN-E-BADRI (BIRMINGHAM) TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Trustees, Responslbilities The trustees are responsible for preparing the Tnjstees, Annual Report and the financial statements in accordance with applicable law and United lQ'ngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 The Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland. The law applicable to charities in England and Wale$ requires the trustees lo 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 consislenlly.. obseNe the methods and prinuples in the Charities SORP., make judgements and accounting estimates that are aSOnable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The trustees are sponsible for Keeping proper accounting records that (Jisaose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations 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. Signed on behalf of the Trustees Yusuf Shabblr 8agasrawala Tr••$urer Approved by the Trustees on 29 October 2025.
ANJUMAN-E-BADRI (BIRMINGHAM) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANJUMAN-E-BADRI (BIRMINGHAM) YEAR ENDED 31 DECEMBER 2024 report lo the trL4Stees on my exarnination of the aCLInts oflhe Anjuman-e-Badri {Bimiinghaml for the yearended 31 Dember 2024, which are set out on pages 8 10 21. This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charilies IA¢counls and Reportsl Regulations 2008. My work has been undertaken so that l rnight state lo the charity's Iruslees those mallers l am required lo state to them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the charity's trustees as a body, for my work, for this report, or for the statemenl I have made. Re8ponsibilitie8 and ba818 for roport As the Charity trustees of the Anjuman-e-Badri IBimiin9haml you are responsible for the preparation of the accounts in ac(x)rdance with the requirements of the Charities Act 20111"the ACT°} l pOrt in respect of my examination ol the Anjuman*-Badri IBirminghaml accounts Carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under sethon 14515llbl of the Act. Independent oxamlner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe". accounting records werè not kept in respect of the Anjumanrye-Badri18irminghaml as required by section 130 of the Act, or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements conceming the form and conlenl of the accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a maller considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mr J. Bhafj Independent Examiner Tenets Accountants Ltd 51 Viltoria Street Bimiingham 61 3NU 29 October 2025
ANJUMAN-E-BADRI (BIRMINGHAM) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Unrestrl¢ted Funds Restricted Funds Totsl Funds 2024 Total Funds 2023 Note Income and Endowments from: Donations and Legacies Investments 516,117 19,418 5,531 521.648 19,498 483, 775 23,613 Total Income and Endowments: 535,535 5.531 541,066 507, 388 Expenditure on: Charitable Activities 463,331 463,331 483, 041 Total Resources Expended 463,331 463,331 483,047 Not In¢omlng Resour¢e8 bofore transfers 72.204 5,531 77,735 24,347 Transfern Gross Transfers beeen fijnds 16 Net movement in funds 16 72,204 5,531 77,735 24,347 Re¢onclllatlon of fund8 Total funds brought forward 16 115,2411 70,990 55,749 31,402 Total funds carried fomard 16 56,963 76,521 133,484 55, 749 The notes on pages 11 to 21 fonn part of these financial slalements.
ANJUMAN-E-BADRI (BIRMINGHAM) BALANCE SHEET As at 31 DECEMBER 2024 Note 2024 2023 Fixed Assets Tangible Assets 10 62,109 64,614 Current Assets Debtors Cash al bank and in hand 114,433 240.204 125,513 292,276 354,637 1283,2621 417,789 1426,654} Credltors: Amounts falllng due wllhln one year 12 Not Current As8ets I (Liabilities) 71,375 18,865) Total assets le$8 current Ilabllltles 133,484 55,749 Net (Llabllltlesl l Assets 133,484 55,749 Fund$ Restricted Unrestricted 16,17 16,17 76,521 56.963 70,990 115,2411 TOTAL FUNDS 133,484 55.749 These financial statements were approved by the Trustees and authorised for issue on the 29 October 2025, and are signed on their behalf by Yusuf Shabblr Bagasrawala Treasurer The notes on pages 11 to 21 form part of these financial slalements.
ANJUMAN-E-BADRI (BIRMINGHAM) STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Cash flows from operating activities: Net cash provided byllused inl operating activities 18a 147,4901 183,4631 Cash flows from Invostlng actlvltles: Rental income 19,418 23.613 Net cash provlded byllused Inl Investlng actlvltles 19.418 23,613 Cash flow3 frorn financing actlvltles Qardan Hasana payable 124,0001 124,0001 Net cash provlded byl{u$ed in) financing actlvStles 124,0001 124,0001 Change in cash and ¢•8h equlvalents In the reportlng perlod 152,0721 183,8501 Cash and cash equlvalents at tho beginnlng of the reportlng perlod 292,276 376,126 Cash and cash equlvalents at the end of the raportlng perlod 18b 240,204 292,276 -10-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 General Information Anjuman+Badri (Birminghaml is an unincorporated Charity governed by a Trust Deed. The charity is registered in England and Wales with the Charity Commission. Its registration number is 1080090 and its registered office is Saifee Mosque, 164 Hingeston Street, Birmingham, B18 6PU. Accounting Pollclès al Basls ofA¢countlng The financial statements have been prepared under the historical cost convention with items recognised al cost or transaction value unless othefwise staled in the relevant notelsl to these financial statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities., Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive January 20151- (Charities SORP IFRS 10211, the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The account8 (financial slatemenlsl have been prepared lo give a true and fairf view and have departgd from thè Charitie5 (Accounts and Reports) Re9ulalions 2008 only lo the extent required to provide a 'true and fair view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charitie5.' Slalèmenl of Recommended Practice effective from 1 Apnl 2005 which has since been withdrawn. The trust constilules a public benefit enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity, and are rounded to the nearest whole £1. The accounts are prepared for the charity as a single enlily. The preparation of financial slalements in Complian with FRS 102 requires the use of certain ¢riti¢al accounting estimates. It also quireS management lo exercise judgement in applying the Charity's accounting policies (see note 31. b) Golng Concern The trustees consider that there are no rnaterial uncertainties about the Trust's ability lo continue as a going concern. The charity has large cash balances and a number of measu9 have been taken lo increase income. such as renting of properties and additional donations from community members to help fund the running costs of the Masjid. c) In¢omlng Resources All incoming resources aff included in the slalemenls of financial activities when the charity is entitled to the income and the arnount can be quantified with reasonable auracy. Donations and rental income are included in the slalement of financial activities when received. The corresponding gift aid due is induded in the relevant fund when receivable. dl Resources Expgnded All expenditure is included on an accruals basis and is recognised when the is a legal or constructive obligation to pay for expenditure. The Trust is not gIStered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aim$ for the benefit of ils beneficiaries, including those support costs and costs relating lo the goveman of the charity apportioned to charitable activities.
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 el Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Govemance costs comprise all costs involving the public accounlabilily of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and general accountancy fees. Support costs have been allocated been activities based on the nature of the costs. In each case, consideration is given to whether the support primarily relates lo the general provision of charitable services or lo the maintenance and management of the Masjid and other properties. fj Unrestrlcted Funds Unrestricted fund$ consist of incoming resources received and income generated for the objecls of the charity, without further specified purpose, and are available as general funds. g) RestrScted Funds Restricted funds are to be used for specific purposes. Expenditure which meets these criteria is charged to the fvnd. h) Flxed A880ts and Dfrpreclation Fixed assets are initially corded al cost. Depreciation Is calculated so as to write off the ¢ost of an asset, less its eslimaled residual value, over the useful economic lifè of that asset as follows.. Fixtures, Fittings and Improvéments Computer Equipment Motor vehicles Lèasehold improvements - 25 /0 Reducing Balance 25 /0 Reducing Balance 33 13/0 Straight Line 20/0 Straight Line 11 Debtorn Trade and other debtors are recognised at the settlement amount due after any trade discount Offed. Prepayments are valued at the amount prepaid nel of any trade discounts due. 11 Ca8h at Bank and In Hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturily of three months or less from the date of acquisition or opening of the deposit or similar account. k) Credltors and provlsions Creditors and provisions are recognised where the charity has a present obligalion resulting frorn a past event that wll probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount after allowing for any trade discounts due. l) Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic finanaal instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. -12-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Judgernents in applylng accountlng policies and key sources of estimation uncertainty In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income. expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates. together with expectations of future events that a believed lo be aSOnable under the circumstances. Actual results in the fvlure could differ from such estimates. Owing to the simple natu of the charity's activities, balances and transactions, no significant judgements are made. Consequently, there are not considered to be any aa$ of the accounts that are considered lo be subject to significant eslimalion UnrtainlY. Donatlons and199aci08 rocolved Unrestrlcted Funds Restrlcted Funds Totsl Funds 2024 Total Funds 2023 Sabil ul-Khair wal-Barakal Other donations Faiz ul Mawaid il Burhaniyah Gift Aid claimed Qardan Hasana Madrasah Niyaz Ireligious feastsl Qabraslan Iburial groundl 203,931 34,301 89,409 47,622 203,931 34,301 89,409 47,622 5,531 34,148 106.706 216,86g 6,164 84, 652 48,721 8,125 33,132 69,644 16,468 5,531 34,148 106,706 516,117 5,531 521,648 483, 775 Incorne from Investments Unrestricted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Rental Income (Entrusted properties) 19,418 19,418 23,613 -13-
ANJUMAN-E-BADRI {BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Net Incomlng Re$our¢es 2024 2023 This is stated after charging for independent examination 4,000 4,000 The charity has no employees {2023 - nill. No remuneration has been paid lo the Trustees in their capacity as Trustees during the year 12023 - nill. The Key Management Personnel ofthe charity are conside to be the Trustees, none ofwhom a remunerated in either 2024 or 2023. No expenses have been paid lo the Trustees in their capacity as Trustees during the year other than the reimbursement of out of pocket expenses12023 - nil, other than the reimbursement of out of pocket expenses). -14-
ANJUMAN-E-BADRI {BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Expenditure on Charitable Activities Provision of Ma$jld and Qabrastan Charltable other Fund Services properties (Restricted) Total 2024 Total 2023 Cost of Activitles Undertaken 01Ctty Taqarruban Niyaz Ireligious feasts) Faiz ul Mawaid il 8urhaniyah Madrasah expenses Gifts to emissaries 44,647 38,524 138,176 31,317 3,800 44,647 38,524 138.176 31,317 3,800 45,230 51,557 78, 182 29,873 14,176 Total Cost of Actlvltles Undertaken Dlrnctly 256,464 256,464 219,018 Cost olGrant Fundlng of Actlvltles Other donations Muvasat 560 1,813 580 1,813 580 Total Cost of Grnnt Fundlng of Actlvlties 2,3g3 2,393 580 Qabrastan fund 60,000 Support & Governance Costs Rates and water Light and heal Tèlephone Repairs and maintenance Cleaning and general expenses Insurance Other costs Depreciation Printing & stationery Legal and professional Independent Exam l Audit fee Accounting fees Bank charges 676 81,640 3,040 45,924 31,877 16,017 676 81,640 3,040 45.924 31,877 16.017 12,135 2,505 58 3,069 4,000 2,800 733 3,482 68,821 2,952 42,436 32,9TO 12,022 21.234 2,897 1.541 7,390 4,000 2,800 904 12,135 2,505 58 3,069 4,000 2,800 733 Total Support & Governance Costs 25,300 179.174 204,474 203,443 Totsl Expenditure on Charltsble Activities 284,157 179,174 463,331 483,04 1 -15-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Analy$l$ of grants made: Grants to Institutlons Grants to Individuals Naturn of Grant.. Water and sanitation projects Support to children 290 290 580 Reclplents of Instltutlonal Grants Total 2024 Total 2023 WalerAid - General grant for water and sanilalion projects Save the Children - General grant for providing support lo children 290 290 290 290 580 580 All grants are considered by the Trustees to be of public benefit. -16-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Support and Governance Costs Support and Governance $ts have been allocated lo expenditure on charitable activities on the basis that almost all of the charity's expenditure is of this nature. Support and Govemance costs a allocated between Provision of Charitable Setvices (Unrestricted Funds) and Masjid and other properties (Unrestricted Fundsl based on whelher the expenditure relates to the charity's activities or the maintenance and management of the Masjid and other properties. Provislon of Masjid and Charltable other Services properties Totsl Governance Costs General Support Costs 6,800 18,500 6,800 197,674 179.174 25,300 179,174 204,474 10. Tanglble Flxed Asset Leasehold Improvements Fixtures and Flttings Computer Equipment Motor Vehicle Total Co81 At 1 January 2024 Additions Disposals 67,368 43,680 12.553 11,490 135,091 At 31 December 2024 67,368 43,680 12,553 11.490 135,091 Deproclatlon At 1 January 2024 Charge for the year 7,386 1.347 39,852 957 11,749 201 11,490 70,477 2,505 At 31 December 2024 8,733 40,809 11,950 11,490 72,982 Net Book Valuo At 31 December 2024 58,635 2,871 603 62,109 At 31 December 2023 59,982 3,828 804 64,614 -17-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 11. Debtors 2024 2023 Gift aid claim receivable Loan5 to individuals Other loans 47,563 61,870 5,000 48,696 76,817 114,433 125,513 12. Creditors: Amounts falllng due wlthln one year 2024 2023 Accruals Husain Qardan Hasana Scheme Qardan Hasana payable 4,000 16,762 262.500 140. 154 286,500 283.262 426,654 The Qardan Hasana payable balance relatès entirely to loans from the Dawat-e-Hadiyah Trust (United Kingdom) (balance as at 31 December 2024 - £140,750) and the Saifee Foundation of Europe (balancè as at 31 December 2024 - £121.7501. No interest is being charged on these loans. -18-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13. Financial Instruments a) Financial Assets h•ld at Fair Valuo through Income and Expenditurn 2024 2023 Total Financial Assets held at Fair Value through Income and Expenditure 240,204 292,276 Total Financial Agsels held at Amortised Cost 240.204 125,513 Financial assets held at fair value through income and expenditure consists of cash at bank. The fair value of cash at bank and in hand is established by translating the balan in the bank a¢unt$ according lo year end bank Statements by the relevant exchange rate at 31 December 2024. Financial assets held at amortised cost consist ol the Gift Aid CeIVable and loans to individuals. b) Flnanclal Llabllltles hold at Falr Value through Income and Expendlture 2024 2023 Total Financial Liabilities Held at Fair Value through Income and Expenditure 262,500 286, 500 Total Financial Liabilities held at Amortised Cost 20,762 140, 754 Financial liabilities held al fair value through income and expenditure consists of Qardan Hasana., interest Ire8 loans. The fair value is determined based on discussions and confirmations with the counterparties. Financial liabilities held al amortised cost are Husain Qardan Hasana Scheme and accruals. 14. Related Party Tran8actlon8 Anjuman-e-Badri IBirminghaml is connected lo the Dawal-e-Hadiyah Trust (United Kingdom}. Upon 11$ opening, Anjuman- e-Badri IBimiinghaml donated the Masjid complex to the Dawat-è-Hadiyah Trust {Uniled Kingdoml. The donation value is the cost of the construction of the building, At the year-end, Anjuman-e-Badri (Birminghaml owed the Dawat-e-Hadiyah Trust Iuniled Kingdom) and the Saifee Foundation of Europe £262,50012023 £286,5001. This balance represents interest free loans, which were made to the charity several years ago. These loan balances were accounted for entirely within CditOrS due wlhin one year. Neither of these loans are Secured and are repayable upon demand. During 2024, É12,00012023 £12,000> was paid lo Saifee Foundation of Europe and £12,00012023 - £12,000} lo the Dawat-e-Hadiyah Trust (United Kingdom). At 31 December 2024, there wa$ a total of £2,100 owed to one Trustee within the Hussain Scheme Creditor12023 £9,828 owed to three Trustees). At 31 Decernber 2024, a balan of £33,000 was due from one Trustee 12023 - no balances due from the Trustee$l. During 2024. the charity received donalions lotalling £20,602 from six truslees12023 - £24,172 from seven Trustees). From time lo time, trustees will incur expenditure on behalf of the charity and then be reimbursed. During 2024. these reimbursements, made to five trustees, totalled £8,06512023 - £6,206 to three trusleesl. -19-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 15. Restricted Funds Balance at 01 Jan 2024 Incomlng Expendlture Transfers Resources Balance at 31 Dec 2024 Qardan Ha5ana Qabrastan fund 70,894 96 5,531 76,425 96 Tolal Restrlctèd Funds 70,990 5,531 76,521 The Qardan Hasana represents donations from members that are to be used to help fund Qardan Hasana (interest free loans) lo community members (Mohammedi and Taher scheme}. Qabrastan fund relates to the purchase of land in Essington Cemetery for use as a burial ground. 16. Funds Analysls Nots Balance at Incomlng Expendlturn 1 Jan 2024 Resour¢o$ Transfers Balance at 31 Dec 2024 Reslricled Funds 16 70,990 5,531 76,521 Unrestricted Funds 115,2411 535,535 463,331 56,963 Totsl Funds 55,749 541,066 463,331 133,484 -20-
ANJUMAN-E-BADRI (BIRMINGHAM) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 17. Analysis of Net Assèts (between reslrfcted and unrestricted funds) Fund balances al 31 December 2024 are represented by.. Unrostricted Funds Restrlcted Funds Total Tangible fixed assets Current assets CUrn1 liabilities 62,109 261,354 1266,5001 62,109 354.637 1283,262} 93,283 116.7621 56,963 76,521 133,484 18. Note8 to tha cash flow Statement 2024 2023 Reconclllatlon of net Incomellexpendlturn) to net cash flow from operating actlvitles Net incomellexpendilurel for the reporting penod Adjustments for. Depreciation charges Ilncreaselldecrease in debtors Increaselldecreasel in creditors due in lèss than one year Rental income Repayment of Qardan Hasana 77.735 24,347 2,505 11.080 1143,392} 119.4181 24,000 2,891 132,4481 178,640) {23,613} 24,000 Not cash provlded byl{u$ed Inl operatlng activltles 147,4901 183,4631 Analys18 of cash and cash oquivalents 2024 2023 Cash in hand 240.204 292,276 Total ca8h and cash equlvalents 240,204 292,276 -21-
ANJUMAN-E-BADRI (BIRMINGHAM) GLOSSARY YEAR ENDED 31 DECEMBER 2024 Glossary Anjuman An adminislralive unil established under the guidance and direclion of the Dai-Al- Mutlaq to organise and manage the affairs of the Dawoodi Bohra Jamaat of a particular area. Amil Minister of religion Sabil ul-Khair wal-Barakat Regular contributions offered by members of Dawoodi Bohra Community. Masjid Mosque Faiz ul Mawaid il Burhaniyah Provision of food lo the community Markaz Community nIre or hall Taqarruban Conventional contribution offed by the various organisations. jamaats and individuals to Dawal*-Hadiyah Trust Iunited Kingdom) Qardan Hasana Interest free loan Madrasah Religious school Muvasal Charitable assistance Manshurat Religious publications Muvasalal Transportation for emissaries and personnel Niyaz Religious feasts Enayat Grants Mohallah Community members in a demographic area Qabraslan Burial Ground Moula TUS Milad His Holiness birthday Taamir Building construction. restoration repairs and structural Work. Talimy Imdad Education aid Tibby Imdad Medical aid Rah8esh Boarding facilitylaccommodation Amanal Deposits Laagat Prescribed contribution -22-