MASJID-E-SALAAM AND MADRASAH TRUST FINANCIAL STATEME FOR THE YEAR ENDING 30 APRIL 2024 CHARITY NUMBER: 1081944 ABBEY & CO ASSOCIATES 1ST FLOOR ABBEY HOUSE 270-272 LEVER STREET BOLTON BL3 6PD
MASJID-E-SALAAM AND MADRASAH TRUST CONTENTS INFORMATION FOR THE YEAR ENDING 30 APRIL 2024 Index to Financial Statements Pago Legal & Administrative Listing Accountants Report Report of the Trustees Statement of Activities Balance She8t Notes to the Accounts 8- 11
MASJID.E.SALAAM AND MADRASAH TRUST CHARITY INFORMATION FOR THE YEAR ENDING 30 APRIL 2024 Truslefrs Maqsud Dawood Patel {Chaimian) Imteyaz Yakub Ali Arrf Valli Patel Yakub Ibrahim Patel Imran Hakim Siraz Valli Patel Yusuf Ibrahim Patel Imtiaz Ibrahim Charlty Secretary Arrf Valli Patel RegSstorèd Offl 148 Ashworth Lane Bolton BL1 8RR Bankers Royal Bank of Scotland Bolton Customer Service Centre PO Box 2027 Parklands De Havilland Way Horwich, Bolton BL6 4YU The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT Accountants Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD
MAsJI.8ALAAm AND MADRASAH TRUST INDEPENDENT EXAMINERS. REPORT YE4R ENDED 30 APRIL 2024 TO THE TRUSTEES AND MEMBERS OF MASJIDe.e-SALAAM AND MADRASAH TRUST I have examined Ihe linancial slalements for the year ended 30 April 2024 as sel gut on Ihg arpxed pa9es which have be&n prepared under the historical cost convention and the attounting p&i¢w s81 tyjt bel¥.. Ro¥pectfv• respon•lbllltl• of th• Tru•t••• •nd Ind•pend•nt Examlnor The charity's Iru5tees are respon51ble lor the preparaiion of Ihe accounts. The Chanty's trustees considgr that 8n Sudit 15 not required for Ihis year untter section 144 01 the Ch8nties Act 20111.lhe Chafilies Act'i nd Ihai an independent e¥aminalion Is needed. The ch8rily'$ gross Income eeded £250,000 and I am qualifiwy to wdertake Ihe gxamination by beiry a qualified rnembar of the Institut• ol FiTh8nc¢al Accountants IIFAI. Having satis1d my5eW that the charrty is not subject lo an gudrt uNJer company law and Is eligitse for an IndeFendBnt examination.. it is my responsibillty to.. examiw accounts under sKlion 145 of chariti A¢1 2011. ¢0 lolkjw the wctedures laid in Ihe otsneral Thrections giv•n by th• Charity CommiSs)n Iwder se¢tion 1451SKbl of the Charities Act 2011. and to slal• wttelher particular matters have come lo my attenb"on. 3••h ol Indw•nd•nt Ex•mln•rf• ftoport Myoxaminalion was carri out in ¥crdan¢t 1th G•neral Dir8ctKsns given by the Charity Commission. An examination IlUd8$ a r•viow ol tha aceounling r•cords k•pt by the Charlty and a comparison of the accounts prèsented with those records. 11 also Indudes consideration of any WUSL491 itern3 or disclosu188 In thg ac£ounls. and s88klr@ explanatr'ons from as Trusl88s corurning any suth rnatt•rs. Thg procedures undertakon do ncl provide all th• •vhléne• that bts required in an audil. and consequenlty no opinion 15 given as lo %thelhei the aecounts A'lrue and lair, vow and the roport is limited lo those matters sel out in the slaleftl bellm. Ind•pond•nt examln•rf• Stat•m•nl In ¢onn¢¢tion wlh our examin4tion. mattgr ho$ ¢om• to my att•ntK)n'. 1. WhKh giv?5 us reasonable cause to believe that in any mathrial respect the ruIrements.. lo keep accountir¢ r•eords in atttrdonce with soclien 130 01 thfr Charllies Act 2011,. aThl lo prepare attount5 whith accord ¥trilh aceeunling r•e¢rds aThJ eomply with the aeeounlinq requirement8 ol the Charities Act 2011 havo noi b••n m•i', or 2. To whieh. in my cpinion. attention should be drawn In order lo onabl¢ a propor und¢rslanding of the acc "Coriates Accountants ani r.,ii.In.. I,Il l.'()Ii%iJltan ¥ Honorary IndoP8nd•nt Examln•r Faruk Palel FFA FTA Abbey & Co A••oelat•8 1st Floor, Abbey Hou8• 270-272 Lever Strèèt Bolton BL3D 02)2.IS
MASJID.E.SALAAM AND MADRASAH TRUST FOR THE YEAR ENDING 30 APRIL 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES Charity Law r8quir8S th8 Trustees to prepare financial slalemenls and statements of assets and liabilities for each financial year which give a true and fair view of the slate of affairs of the charity and of its financial activities for that period together with ils assets and liabilities at the end of the period and adequately distinguish any material special trust or other reslricled fund of the charity. In preparing those financial slalements the trustees are reqUId lo.. (a) Select suitable accounting policies and then apply them consislenlly (b) make judgements and eslimales that are reasonable and prudent (¢) slate whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable standards subject to any material departures disclosed and explained in the financial 5ts1emenls (d} prepar8 the financial slalements on the going concern basis unless it 1$ inappropriate lo assume that the charity will continue ils activities The Trustees are responsible for keeping propèr accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and lo enable them lo ensure th81 the financial statements comply with applicable Accounting Standards and Slalements of Recommended Practice and the regulation made under S44 of the Charity Act 1993 as amended by Charity Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud or other irregularities. Approved by the Trustees and signed on their behalf by.. Arif Valli Patel (Charity Secretary) Dale
MASJID.E.SALAAM AND MADRASAH TRUST STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDING 30 APRIL 2024 Unrestricted Funds Restrlct¢d Fund8 Total8 2024 Totals 2023 INCOME 28,817 28.817 517,362 7.706 25,244 125.372 1.585 New Building Appeal Events Donations 517,362 3,690 4,016 Inv 728 4,050 4,778 8,212 Income from Ch Other Income Mèmbership Fees Gift Aid Payments Madressa Fees Shop Income HMRC JRS Covid Grants iv 1.012 15,208 4.000 56.679 1,420 1.012 15,208 13.423 56,679 1,420 1.515 13,184 19.276 52,366 675 9,423 TOTAL INCOME 111,880 534,525 646,405 247,429 RESOURCES EXPENDED Cost of Generating Funds Charitable Activities 118,130 2,921 121,051 89,101 NET INCOMING RESOURCES (6.2501 531.604 525.354 158,328 Fund Balances Brought FoNard 274.843 1,651,254 1.926,097 1,767,769 FUND BALANCES CARRIEO FORWARD 268.593 2,182.858 2,451,451 1,926.097 Continulnp Opfrrations None of Ihe charilies activities were acquired or discontinued during the above financial period. Total Recognisod Gains and Losses The charity has no gains or losses other than the profit or loss for the above financlal period.
MASJID-E4ALAAM AND M*DRASAH TRUST BALANCE SHEET AS AT 30 APRIL 2024 NOTES 2024 2023 FIXED ASSETS As per Fixed Asset Schedule 2,408,609 1.090,902 CURRENT ASSETS Stock Debtors & Prepayment$ Cash at Bank Cash in Hand 1,595 79,138 1,110 838,315 80,733 848,421 CURRENT LIABILITIES Bank Overdraft Accurals & Creditors Other Creditors & Loans 37.891 13,226 37,891 13.226 Net Current Assets I ILiabililies} 42.842 835,195 TOTAL ASSETS LESS CURRENT LIA81LITIES 2,451,451 1,926.097 LONG-TERM CREOITORS Creditors due after one year NET ASSETS 2.451,451 1,926.097 REPRESENTED BY: ACCUMULATED FUNDS Net Assets Bld 0110512023 Surplus for the Year 1,926,097 525,354 1,767,769 158,328 Nel Assets Cld 3010412024 2.451.451 1926 097 Aplmved by the Trustees and signed on their behalf by.. Arif Valli Patel Icharty Secrelaryl Dale
MASJID-E-SALAAM AND MADRASAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 30 APRIL 2024 l. Accounting Poll¢lès lal Ba$ls of Proparation Thestr financial st81ements have been prgpar8d undar hlslorical cost convanlion and in accordanc4 with applicable accounbn9 standards. The financial slalements have b&en prepared in accordance ¢he Charities SORP October 2019 IFRS 1021. Ib} Fund Accounting General funds are UnStriCt8d funds which arè avallabla for thè usa ol discret4.on of the Trustees in furtheranc4 of Iho ger81 objectives of the chaiity and has not been pul asidg for other purposgs. R8sldcled Funds a funds which are lo be used in acrdanCe wlh specific restrictions which has been raised by thè charity for a spèafic purpos8. The $t of raising and adminlstsring such funds aro charged against the speclfic lund. {c) InNwstm•nt In¢orn• Income Irom investment and Irom rent81 income Is Included In the SORP In the year Sn which il is recoivabla. {dl Incoming R••ourco1 All incoming resources are included in the SORP when thg charity Is IallY enlllled lo the inojme and th8 amount can be can quanlilied with r8ason8ble accuracy. Gifts in kind donated for dislrbbulion are induded al valu8lK)n and recognlsed as In¢om& whgn ihèy are distributed to th8 projects. Foi legacies, enllllemenl is the e8Aier ol the d)8rily been nolilied ol and impending distribution of the legacy btting received. Donated 18cililies are included al the value lo the charity when this can be quanlil*d and 8 third party is b8aring the ¢081. (•) R•sourc•s Exp•nded All expenditure Is accounted lor on an ac¢ru818 basls and has bgen classlled under Ihe heading that aggregate all c0515 relating lo cal89ory. Where costs cannol be directly attributed lo particular headings they have been albcated to activities on the basls conslstenl th use of r8sources. lfj Tanglblè Flxed Aiut• Tangible fixed as881s are caprtalised and included al cost including inudtnlal expense8 of acqulsS1ions.
AfjASJID-E-SALAAM AND MADRASAH TRUST NOTESTO THE ACCOUNTS FOR THE YEAR ENDING 30 APRIL 2024 Igl Depreclatlon Dopreciation is ¢al¢ulaled on all tangible fixed assets on straighl line bass at rates calculated on th• cost of th• asset over the useful economic life of Ihe asset as follows., Fhold Land Freehold 8uiklln9 Motor Vehicles Fixtures & Equipment o 20V4 25% Ihl Investment Revaluatlon None of the charity5 function81 fixed as5els hav• baèn revalued during the ar. 2. Cojt of Ch4rltablo ActItI•• 2024 2024 Unrg•trSd•d Rè8trlct•d Funds Fund8 2023 2023 Unfestrlct•d Re8tr1ct•d Fund• Funds Co$1 of Sales Wagès, PAYE & Pension Costs Honorarium & Admin Payments Consultancy Rent & Rates Heat & Light Insurance Repair5 & R•nwals Equipment 8 Books (Kilaabsl Funciions a A¢livilie$ Co$ls Advertising Telephone Postage. Stalionery & Materials Sub5cription5, Licen5È5 a Trainin9 Cts$ts Legal. Prof0$5ional & C¢nsultan¢y Fe¥s Bank Ch?rg¢s Sundry Exp•ns•$ D8precialion 908 63.647 3,772 84,505 3,003 4,106 14.673 2,342 572 2,248 3,552 858 2.748 9.403 2,181 1,247 1,651 1.285 250 1,293 174 807 142 368 770 20 495 118,130 89,101 3. TN•l•o•'. R•l•t•d Party Tran8actlon Th8r• ware no r8laled party transactions nor were any payments made lo tfuslees for any services rendered during the year. 2024 2023
MASJID.E.SALAAM AND MADRASAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 30 APRIL 2024 4. Tangiblg Fixed Asut$ Land & Pro ert Capital Asset Under rovements Construction Motor Vehicles Flxtures & ment Total Im Co$t As al l May 2023 Additions Disp05als Reclassification 1,091.689 1,318,316 397,442 692,265 1,317,860 1,982 456 As a130 Aprll 2024 2,410,005 397,442 2,010.125 2.438 Dèpreclatlon As al l May 2023 Charge for year Disposals 787 609 787 609 As al 30 April 2024 1,396 1,396 N•t book value As al 30 Aprll 2D24 2,408,609 397,442 2,010,125 As at 30 Aprll 2023 1.090 902 397,442 692.265 1,195 Breakdown of Land & Property Land & Pro ert Ass•t Under Constructlon Unr•strlct•d R•¥trlcled Funds Funds 4 Ramsey Sireel, Bolton, BL1 7HX 7 Pemberton Street, Bolton, 8L17HU 8rierfield Sile, Bolton, BL17JJ 733 81aGkburn Road. 8ollon, 8L17JJ 135,736 s,212 13S,736 90.212 2,010,125 2,010,125 171,494 171,494 397,442 2.010.125 225,948 2,181,619 10
MASJIO-E-SALAAM AND MADRASAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 30 APRIL2024 S. DebtOTS & Prepayments 2024 2023 Gift Aid PayThenls Debtors & PpaYMentS 1.595 1,110 1.595 1,110 6. Credltors: Amounts falllng du8 wlthln on• ar 2024 2023 Trade Creditors Accrua15 & Other Creditors 33,817 4,074 12,876 3X) 7. Cr•dltors: Amounti lalllng due after one yr•r 2024 2023 Loans . Accumulated Fund•'. Anal1$ of net a•$•t$ b•tw••n lund• 2024 2024 Unrastrlctod Restrlct•d Fund• Funds 2024 Totals 2023 2023 2023 Unroslrlcted Restrlcted Funds Funds 2023 Totals 2022 Funtjs balan¢es 0$ al 30 April are r8pr8s8nl8d by.. Tangiblè Asseis Current AssetslLi8bililies 226.990 41.603 2,181,619 1,239 2.408,609 42.842 227.143 47,700 863,759 787.495 1.090.902 835,195 Fund balances carried forward.. 268,593 2.182 858 2.451,451 274,843 1,651,254 1,926,097