MllE-UMER TRUST Report #nd Financial Statements Year ended 31 Deeember 2(123 Charity no. I13652
IID.E-UmER TRUST Contents Page Legal and Administrative Inforniation ReThrt of the Truste¢s Indendent E&n]ner'S Re Ststement of Fine181 Actiiryti¢s Balance Sheet Notes to the Fxnancial SL7tements 10-13
MASJIlE-umER TRUST Le and Administr1Ve lrfomation The Masjid-E-Urn¢r Trnst ¢otJstituted d¢cd madc on 22 (ktober 201KI aod its property I'the trust fund,) is administered and managcd by thc trustees who have seTved in officc throughout the ve4r and to the dat¢ of this report exc¢pt where indic*cd. Thci. are.. Truytees Musaji Ahmed HariIr Sleman Ahed Dadabhoy .4hmcd lsmad VaH'da Iqbal Ebrahim Mehthr Yusuf Yacoob Vmda Mohammed Yus(KJf Ebrtit]im Yousuf Vawda Suleman Ahmed Parckh Salim Ahmed Ka7j (bsman Suleman Dadabhoy Usmangani Ismail VaH"da Abdual Kader M.H Toorawa Casim Mahm(K)d Patel Mubammad Saeed Mulla Th¢ Board of Trust collectivcl}' rake all decision half of th¢ trust. Under delegated authority from the Board the followlllg oifire b¢arcrs have ajwjntrd". Chairmall Vis¢ ChaiTman Secrethrv Assistant Secr¢tarv Tr¢asurer Assistant Treasurer Sulcman Abmed Parekh Yusuf Yac¢)ob VaM"da Ebrahim Yousufvawda Oosrnall Sulcman Dadabhoy Iqbal EbTahun Mchtar Usmangani Ismail Va'da BkerS Lloyds Bank PIC 180-182 High Street Walthamstoii", London E17 7JH Barc]ays Bank pl¢ 278 Hoe Street Walthamsiow, IthLdon E17 E. POBox250 Skelmcrsdale. WN8 6wr. co.op Ballk Pk Independent Examiner Jai"son & Co Chartcred Certtfied A¢counthnts & Registered AuditOT5 4 Bl¢nheim Aienue nis Hill IG2 6JG
mAlD-E-UmER TRUST Report of the trustees for the year ended 31° Deeemher ?13 The tTUSt¢es present their r¢pon Tr'ith th¢ financial stsietnents ofthe c]wity for th¢ Trear ¢nded 31" D¢cember 2n21. The trustecs confim) the3 ¢ompl)' ii'ith the requit¢mcnts of the Chariii¢s A¢1 2011. the Trust Dced and the Charities SORP (FRS 102) The mTSt have refcTred to the guidance in the Charity Commission"s general gllidancc on public benefil when r¢vicwing the aim aTtd objectii'es and in planning the chariitr s fvture aciiiities. In panicular. the trusices consider how plann¢d actsTrities will conlribu ts) the aims and obje¢tiirs seL Structure. Governance and Management Governing document The trusl AS constibJted b). a Trust Dced and eered the Charity Commission under charity number 10836i2. Risk man#xem¢Dt The tnjstecs are rcswnsibl¢ for th¢ managemcnt of risks fa¢ed bv the charitv. The trustces have undertaken a full risk assesent of the organi72Lion and hai'c intr(xluced Tr"arious kcy wn(ro15. These controls aTC reNi¢wed annually. The tmstees are satssficd that the rttajor risks id¢ntsfied have adequatelv mitigated N.here neccssary. It is reGogni5ed that s}'st¢ms ran onty wovide tcasonable bui not absolu1¢ assllrance that nmjor risks hai"c been adcquat¢lv managed. Charitable objerly The object of the Trust shall io help the local communit). of walthamsTh. and the surround8 ar¢a'. (i) for th¢ advancem¢ni of the religion of Islam in aCce the tenets arld dootrRnes of thc H8nafi Sunni Seci of Islam. for the reliefof wverty. sickness and distr. and to proiide and a&sist in the proi'i5ion of facilitics for the rreatIOn and other l¢isurc time occupation of the Muslim Uthab1Lis of th¢ arca H"hiGh help in iniproving thctr social environmcnt alxl condiborL8 of life. Organisatton The Board of trusi¢es mect regularly to adMinisr the TTUSL
mAlD-E-UmER TRUST Report of the Injstees ror )ear ended 31" Dttember 2013 (cont'd) Related parties At 31" Dec¢mber 2023 there were Intere fr¢¢ loans from the trS1¢eS amounting to £13.350 (2022 - £13,350). Review of actiTrities The results for the vcar under Tevi¢w at¢ as sh0kn in the allached Financial Ststrments To Cater for thc large Muslim communrty ai the time ofEi4 the Tntst arrange two Eid prayeTS: onc in the Masjid and on¢ in th¢ Pavilion Hall in walthamst0. The Trust runs a Madressah (ArabA¢ sch(K)l) with 4)proximat¢ty 200 FK>ys and girls rallgmg from age of 5 to 11$ years ill the cvenings on Monday to Friday. Thc aim is io teach children alx)ut Islam and leam the Hol). Qur""an. as 'ell as learntng th¢ valucs and ethos of the r¢ligEon. Ill additson to this, to support our Children during the youth whitst preparing them for the and maL"ing th¢m proud of the peac¢ful. loiing Teltgion the3." follow. The Trn runs classes thai 4cialis1ng in the m¢morirnion of th¢ Holy Qur'an. Thes¢ classcs accommodate approximatcty 20 students. Th¢se claS are iti the ei'enings on Mondav to Fridai. During the ycar. the weekly tslks are held on the Tafsir of Qur'an attd Islah of Nafs (Self Rectification) and havc attended bi. a larg¢ audi¢nce, iK)th in okrson and lia auth"o Strearning. During w¢ckt) Frida) Khutba (sen)ion). our tTro Imams address numter of topic& ¢urr¢nt ISSIICS and IslamAC Jurispnjdcnce affeciiTtg }'outh and eld¢rlv communily. Thcse aTC deliver¢d in iN)th English and Urdu to achieve maKimum auth"en¢e. Thc Tnt r¢Gognises and promotes the work by EK)th Itllams COTKerning youilL womcn and education. The Trnst has aIH'avs ¢ncouraged link.s H"Ath schwls in the borgh of Waltham Forest and tY0nd. This proirydcs an idcal OPPOrnmity. for Students to l¢am about Islam and help to clanf) ans misconccptions and mi5undeTsiallth"ngs that they hai"e. The Trust contsnu¢s to have a th"alogue with the Metropolitan Poltcc on the mattcrs affecliog thc lo¢al commullit).. To enlwice community cohesi0 the dwrs of the Masjid are always open. and wple ofall faith and no faith are welcome to sIt thc Masjid During the year. the Trust organised monthl} collection of fiM)d and other essentials ror the local charitscs who supwtt th¢ needy people ofthe Waltham Forest community". Accouming and rewrting respo1[bIlitieS The Charities Act 2011 requires the trustees to prcrArc fioaocial sta¢ments for cach fancial year whTch give a tru¢ alld lair Triew of the Tnt fala] a¢tivities during the year and of its flnancial Frf)Sition at the end of th¢ vear. In preparing the fuwi¢ial statem¢nts thc trIee$ follow $t pra¢tice artd * Sclect SUArable a)unting px)licies and appl) them ¢onsiskntly. Make judgm¢nts and estsmaic5 that are reasonable and prudenL
mA&lIE-UmEK TRUST Report of the Trustees for the year ended 31 December 2023 (con¢'d) Accounting and reportiDg respollsibiltties (cont'd) Follow applicable accouniing standards and the Chatities SORP, th'scIosiTrg and ¢xplaitting any d¢parturcs in the financiai statements: and Prepare the fancIal ststcm¢nts OD th¢ going concern bosis unless it Is inappropriat¢ to assum¢ that the Trust will niiDue in operaiioll. The trustees arc reswnsfftble fot keeping proper accounting r0[(1$ that di&lose with reasonable arxurdcy at any lie th¢ fu¢1a1 p)sition of the Trust and to enable thejn as trust¢¢s io ¢nsur¢ thai the finan¢ial sthtcm¢nts ¢ompl)" with Charities Aci 2011. the twst d¢cd alld The Charitics SORP ( FRS 102). Thcv arc also responsible for safeguarding th¢ Trust"s as5eLS. and hcnce for taking reasonable steps for thc prevenbon and dctcction offraud aDd othcr irregu]ariiies. Approved by the &)ard OfTS and sign¢d on its b¢haifby.' SPar Chaimian Da*. - 06 109 12024
MA&IID-E-UMER TRUST Indcpendcnt EIInfr,S Yert To the Trustees of Ma$jÉd-LUmer Tntsi I report on the accounts of the Tr1 for the vear ended 31 December 2023, wlll'ch are set out on pages 8 Respeetive responsibilities of trnstees and examiner The chariiN s trustees are resEM)nsible for the preparation of the accounts. The charitv's trLL8tees consider thal an audit is not required for this l.ear under section 144{2) of the Charities Act 2011 and that an independent examination Is needed. It is m). responsibilitv to.. examine the accounts under seciton 145 of the chan.ttes Act 2011 to follow the procedures laid in the General Directions gii'en b! the Charity Commission under seciion 145(5)(b) of the Act. and to stale whether pathcular mallers hai'e come to ms. attention. Basis of independent examiner's statement MTr examinauon w&5 carried out in accordance ith the Genernl Directions bv the Charitv Commission. i exEunination includes a iei'iew" of the accounting records kepl by the chwity and a comparison OF the accounts presented those records. li atso includes consideration of any Un$al iteJns or disclosures in the accounts and seekllig explanations from !"'ou as tnleeS cijnceming any such rnters. The procedures undertaken do nol provide all the ei'tdence that would be required In an audiL and consequendTr' no OPllTrÈon is given as to 'hether the a¢¢ounls pre$t a tye and fair view and the report is limited to those matteT5 set out in the statem¢nL hldependent examiner's statement In connection ii'ith MN. e¥aminaiion. T]0 mafter h&8 come to nw attentt"on'. (l) whAch giTres me reasonable caus¢ to b¢liei"e that In am. material respect the r¢quirements.' to keep accounlin¥ records in accordance with section 130 of the 2011 Acl: and to prepare accounts ii'hich accord iiith the accounb.ng records and Compl iiith the accounting requirements ofthe chitieS Act 2011 and the Stement of Recommended Practice.. Aunting and Reporting bv Charities have not bcen met" or {2) to ii'hich. in rn}.' opinion, attention should be dram in order to enable a proper understgJJding of the counts to be reached. I. Ramgoolam j'son & Co Chartered Certified Accountsnts Blenh¢im Avenue Gants Hill. Ess& IG2 6JG Date". . 2024
MA&JID-E.UMER TRUST Ststements of fancial artiviti for the )'ear ended 31 December 2023 Unrestricted Resthct Funds Funds (Building) Notes Restricted Funds (Other) Total Funits 2023 Totsl Funds 2022 loeoming resources Donations In'eSenl income Spe¢ific income Gift Aid 205.428 45. 205,428 45,6QO 53.952 4.237 170,350 42,600 65.407 4a37 i3,952 Net incoming resourw available for charitablc application 255,265 53.952 309,217 278.357 Charitable expenditure Salattcs alld NIC P¢nsion Sthff training surance Water rates Light and h¢at Tcl¢phonc & internet Repairs and maintenance- Building Equipmcnt - Lift T¢noN'aiion 107,516 1.384 107.516 1,384 93.431 1,187 1.086 4.846 1,354 7,811 326 1,053 19.035 34.587 1,3 426 245 18$ 2.070 28.122 1.362 32,878 13.1150 4.129 420 38.300 4.129 420 38,300 8,436 li.0?3 7.385 15.821 15.023 Accountancy fe¢ Sundry expenses Cleaning Liccns¢ fee Professional fees D¢prcciatioD Motor cxpcns¢s Repayments made to cbwitses Food distribution 1.300 424 492 185 1,300 424 492 185 3,005 25.117 28.122 1,865 35.718 10,860 -865 35,718 10.860 Total charitable expendltur 181.(I)8 25.117 262,043 244,354 Total re50uree5 expended 181.098 25.117 55,828 262,043 244,354 Net incoming resDu]res 74,167 (15,] ID (1076) 47J 74 Incr¢ase in fatr N'alue of investhicnt property Net movement in funds Funds balanc¢s at 31 De¢¢mber 2022 108.767 1.404,403 2.IM)6.015 11,940 3.422J58 3,279,588 Funds balances at 31 December 2023 IA78J70 1980W)8 JILffi4 3A69,532 3,422.358 l accounts der1.e from continuing actsvitics. All gaÉns and I0S re¢ognized in the Jear arc included in the staievncnt olFinan¢ial Actil'itics.
MA&llD-E-UMER TRUST Balance Shee¢ as at 31 December 2023 No¢es 2023 2022 Fixed assets Inveslment prnperty 2,125.183 I.100.O(K) 2.153.305 I,ioo.000 3,225,183 3.253,305 Current asseis DcbtOES and preents Bank" current accounts Cash 12.103 265 ?71 50 7.260 180.768 50 277.424 188.078 Creditors due within one vear credi$ and accrnals 244.349 19.025 169,053 Totsl assets I¢ss curre liabilities 3,469.i32 3,422.358 Total net amets 3,469J32 3A22J58 Restricted funds Unrestricted fun(ts 1.990,962 1.478,570 2,017,955 1.404.403 Total fvnds 3.469532 3A22J58 Approved by the b(wd of trust¢cs and signed on its b¢ltatf by l Mehtsr Tr¢asur¢r E VaTh'da SecT¢thr) D&e...0610912024
MAlD-E.uMER TRUST Notcs forniin% part of the fjnancial st41ement For the year ended 31- December 2023 Principal accounlÈng lie1¢$ The fu]an¢ia] Stcm¢nt of the Trusi hai"e been prepared ill acrdanCe Hith Chartti¢s SORP ( FRS 102) and with applicable UK Accounting Siandar(is and the Charities Act 2011. Th¢se financiai statements are drawn up on the kn"stori¢al cost accouiiiing tOSiS. (a) DonatlOD$ aDd fund accouvling DoA]ations rc¢eiTred for the general pUTse of thc TTUSt are included as unrestricied funds. Donations reccii'ed for the purtK)s¢ of constrcts0ll and e.¥rension of the mosque and for h¢lping needy aft deprived children ar¢ keJTr to r¢stricted ful. (b) Re¥ource5 expended R¢sour¢es exnded are accounted for on an ac¢rual basis. The itrecoverdblc elcmenl of VAT is Includ with the item of cxpense to wkn"¢h li rclatrs. (c) Tax refuttd on gift ald Income refunds offt donatson under gift aid are xcoullt¢d for iN'hen rec¢ived. (d) Dcpreciation Depreciation is providcd fLYcd assei from th¢ dale of acquisttson and up to the date of dftswsal at t]ic following a1Ual rates w.hich are esiimated io WT1 off theiT cxpected useful liv¢s. Fr¢chold Building Furniiure. fitting and equipm¢nt Over 50 l'ear5 5110125 on cost (e) Investmen¢ prnpcrty Ini'estment prOrtIeS Th'hich are hcld io carn r¢ntals andlor capital appreciabon, is initiallv recogtiised at cost. Subsequcntl}", il is measured at fair i'aluc al thc rew>rtin8 date. c11geS in the fair value are r0¥Ised in profit or loss. io
MASJID-E.UMER TRUST Notes forniing part of tbe fancial Matements (eont'd) For the year ended 31 Detember 2011 I InvlMent ineome 2023 2022 Rental in¢om¢ 45.6(A> 42.600 45,6(K) 42.600 3. Specifrt intome 2023 2022 Chttn"tsbl¢ dOnlonS FI) distribution Lift renOtIon D¢x)rs replacement 35.707 10.860 31.857 13.050 20.500 7.385 i3.952 65,407 Tallgible fixed assets Freehold land Furniture Ambulance &buildings fitting & equipment Total Cost or valuatio Ai l January 20 Additsons 2255,855 80.505 24.070 2.360.430 At 31 De¢emb¢r 2023 2.255.855 8(1.505 24.070 2.360,430 Depreeiiiton At 01 January. 2023 Chargc for th¢ )'eaT 125,585 25.117 67,505 1.000 14,035 2,005 207.125 28.122 At 31 Decem1r 2023 150.702 66.505 16.040 235,247 Net book value At 31 De¢cmber 2023 1105.153 12.0 8,030 2,125.183 At 31 D¢cembeT 2022 2,130.270 13,0 10,035 1153.305
MA&JtD.E-UMER TRUST Notes forniit72 Part of the fjnancial stgtements (tlmrf'd) For the vear ended 31° December 2023 5. Inveslmenl Properties Fair value At l Januar). 2023 Addition R¢i'aluation Total I:I(KJ,OIKJ Ai 31 D¢¢emb¢r 2023 i.Iw,uoo The b'aluation of the in*e8tment properti¢5 Was made by the Trnstees of the irnsL on open market basis. o depreciation is proTrided in resped of these propertie 6. Debtors and prepavments 2023 2022 Prepavments 12.103 7.260 12.1113 7260 7. Creditors and aecruals 2023 2022 Intere free1&gns A¢cruals and other creditrS 13.350 19.725 13 J50 5,675 33.075 19,025 & ReriCted fund5 Building Other Total Total 2023 2022 At 01 Januatv 2023 Addition in tile y¢ar Repayjnents Depreciation 2,.015 11,940 62.208 (64.084) 2.017,955 62,208 (64.084) (25,117) 2.045.455 65.407 (67,7) (25,1 ID (25.117) At 31 D¢cemb¢r 2023 1.980.898 l O,n64 1.990.962 2,017.955 12
MA&ItD-E.UMER TRUST Notes forming part of the fin*nci4J 8tatements (cont'd) For the year ended 31° Detember 21Y23 9. Unrestrieted fund5 'aluation Reserve General ReseThe Total 2023 Total 2022 At 01 Januarj 2023 Surplus for the year 769.620 74.167 1.404.403 74,167 1,234.133 170.270 At 31 De¢emb¢r 2023 634.783 843.787 1.478,570 1.404.403 13