MAsJ]lE.umER TRUST Report and FIDan¢lal Statements Year ended 31 December 2024 Charfty no. 1083652
mASJuBUMR TRUST Contsnts Page Legal and Administrativ¢ Inforn]ation Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Note5 to the Financial Statements 10-13
MASJI[E.umER TRUST gal and Admlnistrative Information The M&sjid-E-Umer Trust was constituted by deed made on 22 October 2(X)O and its propety {'the ttust fund,) is administered and managed by the trustees who have served in officc throughout the year and to the date of this report except where indicated. They are: Tru8tee8 Musaji Ahmed HaTiff Sooleman Abmed Dadabhoy Ahmed Ismail Vawda Iqbal Ebrahim Mehtar Yusuf ya0b Vawda Mohammed Yusoof Ebrahim Yousuf Vawda Suleman Ahmed P8r¢kh Salim Abmed Kazi Oosman Suletnan Dadabhoy Usmangani Ismail Vawda Abdual Kader M.H Toordwa Casim Mahmood Patel Muhammad Saeed Mulla The Board of Trust collectively take all decision on behalf of the trust. Under delegat¢d authority from the BoaTd the following office bearer8 have b¢en appoint¢d: Chairnian Vise Chairnk Secr¢tary Assistant Secretary Treasurer Assistant Treasurer Suleman Al)med Parekh Yusuf Ya¢oob Vawda Ebrahim You8uf Vawda Oosman Sulem&n Dadabhoy Iqbal Ebrahim Mehtar Usmangani Ismail Vawda Bankers Lloyds Bank Pl¢ 180-182 Tligh Street Walthamstow. London E17 7JH Barclays Bank plc 278 Hoe Street Waltham8tow, London E17 9QE Co-operative Bank plc POBox250 Skelmersdale, WN8 6WT Independent Examlner Jayson & Co Chart¢red C¢rtificd Acwuntants & Rcgist¢red Auditors 4 Blenheim Avenue Gants Hill 1(32 6JG
MASJID-E-UMER TRUST Report of the trusteey for the year ended 31 December 2024 The trustees present their report with the financial statements of the Charity for the year ended 31" December 2024. The truste¢s have adopted the provisions of the Statement of Recommended Practicc (SORP) "Accounting and Reporting by Charities" issued in March 2005. The trust have referred to the guidance in the Charity Commission's general guidance on public benefit when r¢vi¢wing the aim and objtiVeS and in planning the clwity's future activitics. Inparticular, the Inistecs consider how planned activities will contribut¢ to the aims and obj¢ctive$ set. Structure, Governance and ManAgement Gov¢rnlng document The tnt is constituted by a Trust Deed and registered wAth the Charity Commission under charity number 1083652. R18k management The trustees are responsible for the management of risks faced by the charity. The trustees have undertaken a filll risk assessment of the organization and have introduced various key controls. These controls are reviewcd annually. The trustees are satisfied that the major risks identified have becn adcquately mitl8ated where necessary. It is recognised tbat systems can only provide reasonable but not absolute &qsur&nce that major risks have been adequately managed. Charltable objects The object of the Trust shall be to help the local community of Walthamstow and the 8urrounding area: (i) for the advaeMent of the religion of Islam in aCcordae with the tenets and doctrines of the Hanafi Sunni Sect of Islam; (ll) for the relief of povety, 8ickne8s and distress; and *1 011) to provide and assist in the provision of facilities for the recreation and other leisure time occupation of the Muslim inhabitants of the &re4 which will help in improving their social environment and conditions of life. Orgftnljadon The Board of trustees meet regularly to administer the Trust.
MA&lUumER TRUST Report of the trustees for the year ended 31" December 2024 {coDt'd) Related parties At 31. December 2024 there were interest fr¢¢ loan5 from the trustees amounting to £13,350 (2023 - £13,350). Revlew of actlvltle8 The results for the year under review are as Shown in the attacbed Firvancial Statements To cater for the large Muslim community at the tim¢ of Ei(L the Trust arrange two Eid prnyer8: one in the Masjid and oll¢ in the Pavilion Hall in Walthamstow. The Trust rwL8 a Madressab (Arabic School) with approximatsly 200 boy8 and girls ranging from ag¢ of 5 to 18 years in tb¢ ¢vening8 on Monday to Friday. The aim 18 to teach children about Islam and learn th¢ Holy Qur'an. a8 well as learning the values and ethos of the religion. tn addition to this, to support our children during their youth whilst preparing them for the future and makiDg them proud of the peac¢ful, loving religion they follow. The Trust nJn8 classes that specialising in the m¢m0ri7ation of th¢ Holy Qur'an. These cla8s¢s ac¢on]modat¢ approximately 20 Students. Thes¢ classes are in the evenings on Monday to Friday. During the ycar, the weekly talks are held on the Tafsir of Qur'an and Istah of Naf8 (Self Rectification) and have attended by a large audience, both in person and via audio streaming. During weekly Friday I(hutba (sernion), our two Imams addrcss number of topics, current issues and Islamic Jurisprudence affecting our youth and elderly community. Thesc are delivered in both English alld Urdu to achieve maximum audience. The Trust TecolSe8 and promotes the work by both Imams concerning youth. women and ¢ducation. The Trust has always encouraged links with schools in the borough of Waltham Forest and beyond. This provides an ideal opportunity for students to learn about Islam and belp to clarify any misconceptiODS and misunderstandings that they have. The Trust continu¢s to have a dialogue with th¢ Metropolitan Police on the matt¢rs affecting the local community. To en1]¢¢ comniunity cohesi0 the doors of the Masjid arc always opcn, and pcople of all faith and no faith are welcome to visit the Masjid. During the year, the Trnst organised monthly collection of food alld other esselltial6 for the local charities who support the n¢¢dy people of the Waltham Forest ¢ornmunity. Accoundllg and reportlng re8ponslblUttes The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Trust financial activities during the year and of its financial position at the end of the year. In preparing the financial statements the trustees follow best practice and * Select suitable accounting policies and apply them consistently, Make judgments md estimates that att re&8onable 8nd pntht.
I8JE-uMR TRUST Report of the Trustses for the year ended 31It December 2024 (cont'd) Aeeounthig and reportlng responslblMtKes (cont'd) Follow applicable accounting standards and the Charities SORP ( FRS 102). disclosing and explaining any departures in the financial statements. at Prepare thc ftnancial statements on the going concern basis unkss it is inappropriate to assume that the Trust will continue in operntion. The trustees are responsible for keeping PToper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and to enable them as trustees to ensure that the financial statements omply with Charities Act 2011, The Charity (Accounts and Reports) Regulation8 2008 &nd the provi8ions of the trnst deed. They are also responsible for safeguarding the Trnst's assets, and hence for taking reasonable steps for the prev¢ntion and detection of fraud and other irr¢gularities. Approved by the Board of Trustees and Sied on its behalf by: 2-10- .2025.
MAsJuumER TRUST Independent Examiner's report To the Trusteey of M¥dsJfid-&Umer Trust I rep on the accounts of the Trnst for the year ended 31 December 2024, which are set out on pages 8 to 13. Respeetlve respon8lbllltle8 of trustees And examlner The clwity's trustees are responsible for the prepardtioll of the accounts. The charity's trustees consider that an audit is not required for thi8 year under section l44(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act 2011 to follow the procedures laid down in the General Directions given by the Cl]arity Commission under section 145(5)Ib) of the Act; and to Stste whether particular matters have comc to rny attention. Basi8 of Independent examlner's Statement My examination was carried out in accordance with the General Directions by the Charity Commission. An ¢xarnination 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 matter$. 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 present a true and fair view and the report is limited to those matters set out in th¢ statemenL Independent examlner'j statement In connection with my ¢xamination, no matter has come to my attention.. (l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and cornply with the accounting requirements of the Clwities Act 2011 and the Statement of Recommended Practi¢¢; Accounting and Reporting by Charities SORP ( FRS 102) have not been met. or (2) to which, in my Opinio attention should be drawn in order to enable a proper UndetandIng of the accounts to be reached. l. Ramgoolam Jayson & Co Chartered Certified Accountants Blenhcim Avenue Gants Hill, Essex IG2 6JG .2025
MASJID.E-UMER TRUST Statements of financial activities or the year ended 31 December 2024 Unrcstrictcd Restricted Funds Rcstricted Total Funds Funds (Building) (Other) 2024 Total Funds 2023 Notes InConng resources Donations Investment income Specific income Gift Aid Pecuniary legacy 212,566 49,525 212,566 49,525 34,912 4,844 144,730 205,408 46,600 62.208 4,237 34.912 144,730 Net Incoming resollrc avgllable for eharltable xpplleAdon 411.665 34,912 446,577 317,473 Charltable expendlture Salaries and NIC Pension In8uranc¢ Water rats8 Light 8nd beat Telephone & internet R¢pair8 and DIntenanCe . Building - Equipment Independent examiner's fees Sundry expenses Cleaning License fee Depreciation Motor expenses Payments made to charities Food distribution Praying mats for prison 114,375 1,335 4,381 1.301 36,853 1,537 3,613 1,698 1,350 412 601 185 3,005 114,375 1,335 4.381 1,301 36,853 1,537 3,613 1,698 1,350 412 394 185 28,122 1,659 19,100 10.448 2240 107,516 1,384 4,129 420 38 .300 484 15,821 15,023 1,300 424 492 185 28,122 1.865 43,824 10,860 25,117 1,659 19,100 10,448 2,240 Total eharltsble expendlture 170,646 25.117 33,447 229,210 270299 Total reJour¢es expended 170,646 25.117 33,447 229,210 270.299 et lucomlng resourcej 241,019 (25,117) 1.465 217J67 47,174 Increasc in fair value of inve8tm¢nt property 50,000 50,000 Funds balances at 31 Decfflnb¢r 2023 1,478,570 1,980,898 10.064 3,469,532 3,422,358 Fund$ balan¢e8 at 31 December 2024 1,769,589 1955,781 11,529 3,731899 3,469,532 All accounts derive from continuing activities. All gains and losses recognized in the year are included in the statement of Financial Activities.
MASJE.[TrlER TRUST Balance Sheet as at 31 December 2024 Notes 2024 2023 Flxed assets Investment property 2,097,061 1,150,IYM) 2,125,183 I,IoG,o(x) 3.247,061 Current a8¥ets Debtors and prepayments Bank cuttent accounts Cash 3,225,183 12,144 499.414 50 12,103 265,271 50 511,608 277,424 Credfitors due wlthln One year 489,838 249,349 Total 888ets Less current liabilitie6 3,736.899 3,469,532 Total net #8&et8 3,736,899 3,46932 Restricted fimds Unrestricted funds 1,967,310 1,769.589 1,990,962 1,478,570 Total funds 3,736099 3,469,532 Approv¢d by the board of trustees on 15° September 2025 and signcd on its behalf by: l Mehtsr Treasurer E Vawda Secretary
MASJID.E-UMER TRUST Notes forniing part of the flnanelal statement For the year ended 31&t December 2024 Prlnclpal accountlng pollcles The financial statement of the Trust, which is a public benefit entity under FRS 102, have been prepared in accordance with the Chorities SORP (FRS 102) 'Accounting and Reporting by Charities,: Statcment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland(effective l January 2019) and the Charities Act 2011. These fanCIal statements are drawn up on the historical cost accounting basis. (rd) Donatlon8 fénd fund Aeeounting Donations received for the genernl purpose of the Trust are included as ut]restricted fund8. Donations received for the purpose of construction and extension of tbe mosque and for helping needy and deprived children are taken to restricted funds. (b) Re60urces expended Resources expended are accounted for on an accrual basi8. The irrecoverabl¢ el¢m¢nt of VAT is included with thc item of ¢xp¢n8e to which it r¢lat¢8. (c) Tax refund on ald Income tax refunds on donation under gift aid are accounted for when received. (d) Depredatlon Deprcciation is provided on fixcd &8SCt from thc datc of acquisition &lld up to the date of disposal at the following annual rates which are estimated to write off their expectcd useful lives. Freehold Building Furniture. fitting and equipment Ambulance Over 50 years 5110125 0/0 on cost Over 12 years (e) Investment property ]nvesttnent properties which aTe held to earn rellt8 andlor capital appreciation, 18 initially r¢cognised at cost. Subsequently, it is measured at fair value at the reporting date. Cbanges in the fair value a recognised in the statements of financial activities. 10
MASJllNE.UMER TRUST Note& formlng pArt of the flnAnclal ststements (cont'd) For the year ended 31" DecembeT 2024 2. Investment Income 2024 2023 Rental income 49,525 45,600 49.525 45,6 3. Speclfic Income 2024 2023 Charitable donation8 Food distribution Praying mats collection Door8 Tepla¢em¢nt 20,942 11,730 2240 43,963 10,860 7,385 34,912 62,208 4. Tanglble flxed aBsets Freehold land Furnlture Arnbulanee &bulldln flttlng & equipment Tot Cost or valuatlon At l Jalluary 2024 Additions 2,255,855 80,505 24,070 2,360,430 At 3 l Deccmber 2024 2255,855 80,505 24,070 2,360,430 Depreclatlon At l January 2024 Charge for th¢ year 150,702 25,117 68,505 16,040 2,005 235,247 28,122 At 31 December 2024 175,819 69,505 18,045 263,369 Net book value At 31 Decemb¢r 2024 2.080.036 11,000 6,025 2,097.061 At 31 December 2023 2,105,153 12,000 8,030 2,125,183 11
MASJID.1jmER TRUST Notss formfing part of the flnanclal statements (cont'd) For the year ended 31 December 2024 S. Investment Properties Totsl Fair value At l January 2024 Addition Revaluation 1,100,000 50,000 At 3 l Decembcr 2024 1,150,000 The valuatAon of the Inve8tment propert1 WA8 made by the Tru8tee8 of the trus( on An open market ba818. Iyo depreclallon b provlded In respect of these propertle 6. Debtors and prepayments 2024 2023 Prepayments 12.144 12,103 12.144 12,103 7. Credltor8 and accrua18 2024 2023 Interest free loans Ac¢ruals and other creditors 13,350 8,420 13.350 19,725 21,770 33,075 8. Restrfcted fimds Bulldlng Other Total 2024 2023 At 01 January 2024 Addition in the year Rq)aym¢nts Dw¢ciation 1,980,898 10,064 34,912 (33,447} 1,990,962 34,912 (33,447) (25,117) 2,0177.955 62,208 (64.084) (25.117) (25.117) At 31 D¢cemb¢r 2024 1,955,781 11,529 1,967,310 1,990,962 12
mA&7llE-UMER TRUST Notes formlng part of the flnanclal stvdtements (cont'd) For the year ended 31" December 2024 9. Unresthlcted fund8 Revaluatlon Reserve General Reserve Total 2023 Tot 2022 At 01 January 2024 Surplus for the year 634,783 50,000 843,787 241.019 1.478,570 291.019 1,404,403 74,167 At 31 Ikccmber 2024 684,783 1,084.806 1,769,589 1,478,570 13