MASJID-E-SALAAM AND MADRASAH TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 30 APRIL 2025
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 2025
Index to Financial Statements
| Page | |
|---|---|
| Legal & Administrative Listing | 3 |
| Accountants Report | 4 |
| Report of the Trustees | 5 |
| Statement of Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 11 |
2
MASJID-E-SALAAM AND MADRASAH TRUST
CHARITY INFORMATION
FOR THE YEAR ENDING 30 APRIL 2025
Trustees
Maqsud Dawood Patel (Chairman) Imteyaz Yakub Ali Arif Valli Patel Yakub Ibrahim Patel Imran Hakim Siraz Valli Patel Yusuf Ibrahim Patel Imtiaz Ibrahim
Charity Secretary
Arif Valli Patel
Registered Office
4 Ramsey Street Bolton BL1 7HX
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
3
MASJID-E-SALAAM AND MADRASAH TRUST
INDEPENDENT EXAMINERS' REPORT YEAR ENDED 30 APRIL 2025
TO THE TRUSTEES AND MEMBERS OF MASJIDE-E-SALAAM AND MADRASAH TRUST
I have examined the financial statements for the year ended 30 April 2025 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:
Respective responsibilities of the Trustees and Independent 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 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:
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examine the accounts under section 145 of the Charities Act 2011,
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to follow the procedures laid down in the general Directions given by the Charity Commission
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(under section 145(5)(b) of the Charities Act 2011, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to my attention:
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Which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and comply with the accounting
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requirements of the Charities Act 2011 have not been met; or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
__________ Honorary Independent Examiner
Faruk Patel FFA FTA Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD
Date __________
4
MASJID-E-SALAAM AND MADRASAH TRUST
FOR THE YEAR ENDING 30 APRIL 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
Charity Law requires the Trustees to prepare financial statements and statements of assets and liabilities for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period together with its assets and liabilities at the end of the period and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the trustees are required to:
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(a) Select suitable accounting policies and then apply them consistently
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(b) make judgements and estimates that are reasonable and prudent
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(c) state 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 statements
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(d) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue its activities
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements 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)
Date __________
5
MASJID-E-SALAAM AND MADRASAH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDING 30 APRIL 2025
| INCOME Voluntary Income Donations New Building Appeal Events Donations Investment Income Income from Charities Activities Other Income Membership Fees Gift Aid Payments Madressa Fees Shop Income TOTAL INCOME RESOURCES EXPENDED Cost of Generating Funds Charitable Activities NET INCOMING RESOURCES Fund Balances Brought Forward Fund Reclassification FUND BALANCES CARRIED FORWARD |
NOTES 2 |
Unrestricted Funds £ 42,873 - 3,315 666 1,392 16,406 10,583 74,568 605 150,408 131,425 18,983 268,593 287,576 |
Restricted Funds £ - 633,749 17,565 - - - 18,991 - - 670,305 5,666 664,639 2,182,858 2,847,497 |
Totals 2025 £ 42,873 633,749 20,880 666 1,392 16,406 29,574 74,568 605 820,713 137,091 683,622 2,451,451 3,135,073 |
Totals 2024 £ 28,817 517,362 7,706 4,778 1,012 15,208 13,423 56,679 1,420 |
|---|---|---|---|---|---|
| 646,405 | |||||
| 121,051 | |||||
| 525,354 1,926,097 |
|||||
| 2,451,451 |
Continuing Operations
None of the charities activities were acquired or discontinued during the above financial period.
Total Recognised Gains and Losses
The charity has no gains or losses other than the profit or loss for the above financial period.
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MASJID-E-SALAAM AND MADRASAH TRUST
BALANCE SHEET AS AT 30 APRIL 2025
| NOTES FIXED ASSETS As per Fixed Asset Schedule 4 CURRENT ASSETS Stock Debtors & Prepayments 5 Cash at Bank Cash in Hand CURRENT LIABILITIES Bank Overdraft Accurals & Creditors 6 Other Creditors & Loans Net Current Assets / (Liabilities) TOTAL ASSETS LESS CURRENT LIABILITIES LONG-TERM CREDITORS Creditors due after one year 7 NET ASSETS REPRESENTED BY: ACCUMULATED FUNDS 8 Net Assets B/fwd 01/05/2024 Surplus for the Year Net Assets C/fwd 30/04/2025 |
£ - - 257,962 - |
2025 £ 3,236,798 251,275 3,488,073 353,000 3,135,073 2,451,451 683,622 3,135,073 |
£ - 1,595 79,138 - |
2024 £ 2,408,609 42,842 |
|---|---|---|---|---|
| 257,962 | 80,733 | |||
| - 6,687 - |
- 37,891 - |
|||
| 6,687 | 37,891 | |||
| 2,451,451 - |
||||
| 2,451,451 | ||||
| 1,926,097 525,354 |
||||
| 2,451,451 |
Approved by the Trustees and signed on their behalf by:
Arif Valli Patel (Charity Secretary)
Date __________
7
MASJID-E-SALAAM AND MADRASAH TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 30 APRIL 2025
1. Accounting Policies
(a) Basis of Preparation These financial statements have been prepared under historical cost convention and in accordance with applicable accounting standards. The financial statements have been prepared in accordance with the Charities SORP October 2019 (FRS 102).
(b) Fund Accounting General funds are unrestricted funds which are available for the use of discretion of the Trustees in furtherance of the general objectives of the charity and has not been put aside for other purposes.
Restricted Funds are funds which are to be used in accordance with specific restrictions which has been raised by the charity for a specific purpose. The cost of raising and administering such funds are charged against the specific fund.
(c) Investment Income Income from investment and from rental income is included in the SORP in the year in which it is receivable.
(d) Incoming Resources All incoming resources are included in the SORP when the charity is legally entitled to the income and the amount can be can quantified with reasonable accuracy. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. For legacies, entitlement is the earlier of the charity been notified of and impending distribution of the legacy being received. Donated facilities are included at the value to the charity when this can be quantified and a third party is bearing the cost.
(e) Resources Expended All expenditure is accounted for on an accruals basis and has been classified under the heading that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with use of resources. (f) Tangible Fixed Assets Tangible fixed assets are capitalised and included at cost including incidental expenses of acquisitions.
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MASJID-E-SALAAM AND MADRASAH TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 30 APRIL 2025
(g) Depreciation
Depreciation is calculated on all tangible fixed assets on straight line basis at rates calculated on the cost of the asset over the useful economic life of the asset as follows:
| Freehold Land | 0% |
|---|---|
| Freehold Building | 0% |
| Motor Vehicles | 20% |
| Fixtures & Equipment | 25% |
(h) Investment Revaluation
None of the charity's functional fixed assets have been revalued during the year.
2. Cost of Charitable Activities
| Cost of Sales Wages, PAYE & Pension Costs Honorarium & Admin Payments Consultancy Rent & Rates Heat & Light Insurance Repairs & Renewals Equipment & Books (Kitaabs) Functions & Activities Costs Advertising Telephone Postage, Stationery & Materials Subscriptions, Licenses & Training Costs Legal, Professional & Consultancy Fees Bank Charges Sundry Expenses Depreciation |
2025 2025 Unrestricted Restricted Funds Funds £ £ 549 - 67,130 - - - 28,617 - 2,767 3,513 13,238 2,052 2,485 - 1,034 - 2,297 - 8,341 - - - - - 10 - 2,121 - - - 2,227 101 - - 609 - 131,425 5,666 |
2024 2024 Unrestricted Restricted Funds Funds |
|---|---|---|
| £ £ 841 - 84,505 - - - 3,003 - 4,106 858 14,673 - 2,342 - 572 1,293 2,248 - 3,552 - - - - - 174 - 807 - - - 698 770 - - 609 - |
||
| 118,130 2,921 |
3. Trustees' - Related Party Transaction
There were no related party transactions nor were any payments made to trustees for any services rendered during the year.
2025 2024
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MASJID-E-SALAAM AND MADRASAH TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 30 APRIL 2025
4. Tangible Fixed Assets
| Cost As at 1 May 2024 Additions Disposals Reclassification As at 30 April 2025 Depreciation As at 1 May 2024 Charge for year Disposals As at 30 April 2025 Net book value As at 30 April 2025 As at 30 April 2024 Breakdown of Land & Property |
Land & Capital Asset Under Motor Fixtures & Total Property Improvements Construction Vehicles Equipment |
|---|---|
| £ £ £ £ £ £ 2,410,005 397,442 - 2,010,125 - 2,438 828,798 - - 828,798 - - - - - - - - - - - - - - |
|
| 3,238,803 397,442 - 2,838,923 - 2,438 |
|
| 1,396 - - - - 1,396 609 - - - - 609 - - - - - - |
|
| 2,005 - - - - 2,005 |
|
| 3,236,798 397,442 - 2,838,923 - 433 |
|
| 2,408,609 397,442 - 2,010,125 - 1,042 |
|
| 4 Ramsey Street, Bolton, BL1 7HX 7 Pemberton Street, Bolton, BL1 7HU Brierfield Site, Bolton, BL1 7JJ 733 Blackburn Road, Bolton, BL1 7JJ |
Land & Asset Under Property Construction £ £ 135,736 - 90,212 - - 2,838,923 171,494 - 397,442 2,838,923 |
Unrestricted Restricted Funds Funds |
|---|---|---|
| £ £ 135,736 - 90,212 - - 2,838,923 - 171,494 |
||
| 225,948 3,010,417 |
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MASJID-E-SALAAM AND MADRASAH TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 30 APRIL 2025
5. Debtors & Prepayments
| Gift Aid Payments Debtors & Prepayments e within one year Trade Creditors Accruals & Other Creditors e after one year Loans |
2025 £ - - - 2025 £ 400 6,287 6,687 2025 £ 353,000 |
2024 £ - 1,595 |
|---|---|---|
| 1,595 | ||
| 2024 £ 33,817 4,074 |
||
| 37,891 | ||
| 2024 £ - |
6. Creditors: Amounts falling due within one year
7. Creditors: Amounts falling due after one year
8. Accumulated Funds: Analysis of net assets between funds
| Funds balances as at 30 April are represented by: Tangible Assets Current Assets/Liabilities Fund balances carried forward: |
2025 2025 2025 Unrestricted Restricted Totals Funds Funds Funds £ £ £ 226,381 3,010,417 3,236,798 61,195 (162,920) (101,725) 287,576 2,847,497 3,135,073 |
2024 2024 2024 Unrestricted Restricted Totals Funds Funds Funds £ £ £ 226,990 2,181,619 2,408,609 41,603 1,239 42,842 |
|---|---|---|
| 268,593 2,182,858 2,451,451 |
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