2023-12-31-accounts - Golden Mosque Islamic Cultural Centre

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Registered number 1084209

Golden Mosque Islamic Cultural Centre

Report and Accounts

31 December 2023

Golden Mosque Islamic Cultural Centre Report and accounts Contents

	Page
Charity information	1
Statement of Financial activities	2
Balance sheet	3
Notes to the accounts	4-6
Detailed profit and loss account	7-8
Detailed balance sheet	9
Trusteess' report	10-13

Golden Mosque Islamic Cultural Centre Company Information

President

Razwan Razaq Trustees Tahir Mahmood Muhammad Asam Athar Mahmood Ahmid Karamat Mohammad Ashfaq Umar Khan Aamer Ashraf Azhar Hussain Rana Saif Ur Rahman Asif Mahmood Accountants RMI Accountancy 95 Oldham Road Rochdale Lancashire OL16 5QR

Registered office

Golden Mosque Lower Sherriff Street Rochdale Lancashire OL12 6TG

Charity registered number 1084209

Golden Mosque Islamic Cultural Centre Statement of Financial Activities for the year ended 31 December 2023

Gross incoming resources Costs of charitable activities Operating profit Net incoming resources Net movement in funds Total funds brought forward Total funds carried forward	2023 £ 478,530 (351,889) 126,641 126,641 - 126,641 2,817,570 4,144,094	2022 £ 333,767 (263,936) 69,831 69,831 - 69,831 2,670,313 2,817,570

Golden Mosque Islamic Cultural Centre Registered number: 1084209 Abridged Balance Sheet as at 31 December 2023 Notes Fixed assets Tangible assets 3 Current assets Debtors - Cash at HSBC bank 425,571 425,571 Net current assets Net assets Capital and reserves Unrestricted revenue accumulated funds Total charity' funds	2023 £ 3,718,523 425,571 4,144,094 4,144,094 4,144,094	5,242 293,688 298,930	2022 £ 3,718,523 298,930 4,017,453 4,017,453 4,017,453

Tahir Mahmood Trustee Approved by the board on 6 September 2024

Golden Mosque Islamic Cultural Centre Notes to the Abridged Accounts for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, and all other applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales,(revised June 2008) (The SORP) adapted to meet the needs of unincorporated organisations . The accounts have been drawn up in accordance with the provisions of the Charities (Accounts and Reports) Regulations 2008 Acts , and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.

Insofar as the SORP requires compliance with specific Financial Reporting Standards other than the FRSSE then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE. the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Accounting convention

The financial statements are prepared,on a going concern basis, under the historical cost convention. The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid. Incoming resources are accounted for on a receivable basis.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Deferred income

In accordance with the SORP grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in

Recognition of liabilities

Golden Mosque Islamic Cultural Centre Notes to the Abridged Accounts for the year ended 31 December 2023

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

Unrealised and realised gains

Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into.

Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity , and is therefore included in the relevant costs in the Statement of Financial Activities.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Golden Mosque Islamic Cultural Centre Notes to the Abridged Accounts for the year ended 31 December 2023

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 January 2023 At 31 December 2023 Depreciation At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022	2023 Number 34	2022 Number 25 Total £ 3,718,523 3,718,523 - 3,718,523 3,718,523

4 Other information

Golden Mosque Islamic Cultural Centre is a register charity in England. Its registered office is:

Golden Mosque Lower Sherriff Street Rochdale Lancashire OL12 6TG

Golden Mosque Islamic Cultural Centre Detailed profit and loss account for the year ended 31 December 2023

This schedule does not form part of the statutory accounts

Total incoming resources Donation Gross profit Costs of charitable activities Net funds Gain on revaluation of investments Net funds	2023 £ 514,369 (35,839) 478,530 (351,889) 126,641 - 126,641	2022 £ 374,086 (40,319) 333,767 (263,936) 69,831 - 69,831

Golden Mosque Islamic Cultural Centre Detailed profit and loss account for the year ended 31 December 2023

This schedule does not form part of the statutory accounts

Total incoming resources Total incoming resources Donation Muslim charity donation Administrative expenses Employee costs: Wages and salaries Employer's NI Educational services and Books Motor expenses Premises costs: Rates Light and heat Cleaning General administrative expenses: Telephone and internet Stationery and printing Catering Cost Funeral services Equiptment for youth activities Bank charges Insurance Professional/Membership Fee Repairs and maintenance Legal and professional costs: Advertising and PR Other legal and professional	2023 £ 514,369 35,839 119,588 2,408 61,900 1,217 185,113 8,430 33,462 5,947 47,839 3,194 1,927 12,865 69,655 - 3,233 7,860 1,350 18,853 118,937 - - - 351,889	2022 £ 374,086 40,319 77,337 2,887 73,643 6,878 160,745 7,062 30,434 3,141 40,637 1,685 1,180 10,405 20,495 1,818 1,239 5,405 - 19,188 61,415 814 325 1,139 263,936

Golden Mosque Islamic Cultural Centre Detailed balance sheet as at 31 December 2023

This schedule does not form part of the statutory accounts

Tangible fixed assets

Cost At 1 January 2023 At 31 December 2023 Depreciation At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 Debtors Trade debtors	Land and buildings £ 3,698,293 3,698,293 - 3,698,293 3,698,293	Motor vehicles £ 20,230 20,230 - 20,230 20,230 2023 £ -	Total £ 3,718,523 3,718,523 - 3,718,523 3,718,523 2022 £ 5,242

Trustees’ report 2023

Introduction

The focus this year was to increase our engagement with the local community by providing more events as well as ensuring that we continue to provide a high level of service and facilities to our congregation.

Review of principal activities

Activities continuing

The mosque continues to offer excellent and subsidised funeral services to the community. This includes transporting the deceased from the mortuary to the mosque for funeral prayer and the graveyard for burial.
The mosque provides Islamic marriage ceremonies and is also registered to hold civil marriage ceremonies.
The Friday sermon is given in both English and Urdu addressing topics which affect the community on a weekly basis.
The Friday sermon and prayers also take place at Eden House, the old Magistrates Court. As well as the local Muslim community in general, this caters for and is attended by Rochdale 6th Form College and Hopwood Hall College students.
Iftar is provided every night during the month of Ramadan and is funded by donations from the congregation.
Female volunteers continue to run classes for female Urdu speakers and the elderly ladies. This also provides an opportunity for positive social interaction.
Teacher training programme is ongoing for the new education syllabus as well as a parent forum to introduce the new syllabus to the local community.
The Committee has ensured that the Mosque is complying with all current health and safety and child protection legislation.
Fundraising for the charity and its costs is ongoing.
The madrassa’s education syllabus aims to improve the standard of Islamic after school education for children aged 6-14 years. The whole syllabus is taught in English for better understanding.
Youth clubs for both boys and girls at the mosque continue to run weekly and has had a great response from the community.
There are 29 classes of 500+ students - girls and boys between the ages of 6-14 years, running Mondays to Saturday. The classes sizes have an average of 12 students in each class to provide better education.
We have bilingual teachers and imam who speak fluent English and Urdu. Communication and teaching have been improved as a result.
Annual awards evening for parents and students to celebrate students’ achievements.

More curriculum and fun based recreation trips such as Blackpool, laser quest, cinema, ten pin bowling, horse riding, meals in restaurants.
Reflection and Q&A lessons implemented to aid character building in students
Wide range of prizes to offer to encourage high expectations from all students
End of year exams to show progress in comparison to the start and end of the academic year
Please see attached annual report for further information on madrassa activities and achievements for the year ending 2022.
Newly Introduced Activities
Our Imam organises monthly talks with outside speakers in both English and Urdu to commemorate dates of religious significance.
Our Imam started a weekly Islamic Studies class on Friday Evenings after the congregational prayer.
Weekly spiritual zikr gatherings take place on Thursday evenings.
We have started a class on Saturday mornings, primarily focused for new Muslims and the basics of religion.
A weekly class held on Wednesday evening exploring different Islamic subjects

Activities Discontinued

The class after fajr prayer

Local initiatives

The Committee President continues to co-facilitate all the Rochdale Council of Mosques meetings which are held every 29[th] of the Islamic (lunar) month in his capacity as Chair. The aim is to have unity amongst the mosques as well as to organise local events.
The committee continues to arrange multi-faith open days which were attended by a cross section of the community as well as representatives from local authority departments and statutory agencies.
We have an imam who is fluent in English as well as being a highly trained scholar. All of our Friday speeches are in English, and he runs weekly classes in English and in Urdu.
• Youth clubs for both boys and girls have been setup and run weekly.

Social impact

The mosque is located within walking distance for many, making it easy to attend classes and events.
Many members of the non-Muslim community were able to receive some orientation about Islam through mosque’s open days, resulting in wider social integration and cohesion.

The madrassa manager organises Eid parties twice a year on Eid for the madrassa students. This enables the students who are from one of the most deprived areas of Rochdale to engage in fun activities which they would otherwise not have the opportunity to take part in.
We have close relations with the local primary school; students and teachers visit the mosque and recently did an art project in collaboration with the mosque.
Various fund raising for major disasters and local charities take place on a regular basis. In 2023 money collected as part of a special collection during Ramadan, together with zakat money donated by the community was passed on to Muslim Charity, a UK registered charity to support poor individuals in Somaliland in Africa.

The future: Objectives for 2024

Our objectives are:

Raise funds to support the monthly expenditure and explore and implement efficiencies and to balance expenditure with income.
Continue to seek ways to improve the quality and effectiveness of religious teaching for children.
Recruit volunteer teaching assistants to help with the Children's Education syllabus.
Recruit volunteers to continue facilitating our existing activities such as a youth club.
Recruit an events Manager to take on new ideas and take responsibility of delivering courses and events at the mosque and associated buildings.
Raise funds for major disasters and local community projects.
Eden House at the old Magistrates Court- Adapt the building layout and rooms. Develop activities, services and facilities and raise funds to enable.

Governing Document

The Golden Mosque is the oldest mosque in Rochdale established in 1961 and in December 2000 it registered as a charity with the Charities Commission of England and Wales.

Charitable objectives and activities

The Objectives of the charity are:

To provide high quality Islamic education for all sections of the community.
To promote interfaith dialogue.
To raise funds for local and international aid
To provide subsidised funeral services
To provide matrimonial services
To provide Fun days for the children
Hold youth activities.

Appointment of Trustees

As set out in the Articles of Association, new Trustees are appointed by the existing members.

Area of Operation:

Area of Benefit:

Worldwide (Charity operates inside and outside England and Wales)

Area of Operation: United Kingdom

Classification:

What Education/Training Community support Overseas aid/Famine relief

Who All age groups who are Muslims or interested in learning about Islam How Provides human resources (e.g. staff/volunteers) Provides buildings/facilities/equipment. Provides services e.g. education