Charity registration number 1087244
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Amil Saheb of London Chairman Shahzada Ammar bhaisaheb Jamaluddin (Name as in passport Ammar Mohammed Burhanuddin Jamaluddin) Shabbir bhaisaheb bin Shahzada Jamaluddin Saheb - (Appointed 24/03/2023) Vice Chairman (Name as in passport Shabbir Ammar Jamaluddin) Hasan bhaisaheb bin Mustafa bhaisaheb (Name as in passport Hassan Mustafa Safiyuddin) Farazdaq bhaisaheb Husaini (Name as in passport Farazdaq Zainuddin) Qutbuddin bhaisaheb bin Ismail bhaisaheb Hasani - (Appointed 24/03/2023) (Name as in passport Qutbuddin Ismailbhai Nooruddin) Aliasger bhai bin Yusuf bhai Jamali (Name as in passport Aliasger Yusuf Jamali) Shaikh Alihusain bhai Hasanali Executive Trustee (Name as in passport Hassanali Alihussein Yusufali) Shaikh Fakhruddin bhai Kapasi - (Appointed 24/03/2023) Secretary (Name as in passport Fakhruddin Abdeali Kapasi) Shaikh Moiz bhai Shaikh Yunus bhai Abdulqader (Name as in passport Moiz Abdulkader) Shaikh Qaidjoher bhai Quettawala (Name as in passport Quaid Joher Quettawala) Mulla Qusai bhai Hunaid bhai Kanchwala Operating Trustee (Name as in passport Qusai Kachwalla) Mulla Huzaifa bhai Saam Joint Secretary (Name as in passport Huzefa Sam) Mulla Mohammed bhai Dathi - (Appointed 24/03/2023) (Name as in passport Mohammed Bashirali Dathi) Mulla Murtaza bhai Shaikh Haiderali bhai Ibrahim - (Appointed 24/03/2023) (Name as in passport Zulfikar Ali Ebrahim) Mulla Kauserali bhai Zafariyabhusain bhai Raja - (Appointed 24/03/2023) (Name as in passport Kausar Abbas Raja) Mulla Huzaifa bhai Shaikh Abbasali bhai Fakhri - (Appointed 24/03/2023) (Name as in passport Huzaifa Abbas Ali)
Abdultaiyeb bhai Pisawadi (Name as in passport Abdultaiyab Pisavadi)
Treasurer
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Murtaza bhai Mulla Juzer bhai Kareem - (Appointed 24/03/2023) (Name as in passport Murtaza Zoozer Curim)
Joint Treasurer
Shabbar bhai Ismailali bhai Hamid - (Appointed 24/03/2023) (Name as in passport Shabbar Ismail Ali)
Shabbir bhai Shaikh Gulamali bhai Ezzi - (Appointed 24/03/2023) (Name as in passport Shabbir Gulamali Ezzi)
Mustansir bhai Saifuddin bhai Kheriwala - (Appointed 24/03/2023) (Name as in passport Mustansir Saifuddin Kheriwala)
Murtaza bhai Haidermota - (Term ended 24/03/2023) (Name as in passport Murtaza Khozema Haidermota)
Shaikh Idris bhai Goribai - (Term ended 24/03/2023) (Name as in passport Idris Karimjee)
Mullas Ammar bhai Shaikh Shabbir bhai Abidali - (Term ended 24/03/2023) (Name as in passport Ammar Shabbir Abidali)
Mulla Husain bhai Abdeali bhai - (Term ended 24/03/2023) (Name as in passport Hussain Abdeali)
Zainulabedeen bhaisaheb Shujaee - (Terminated 13/05/2022) (Name as in passport Zainulabedeen Abidin Shujaee)
Shaikh Murtaza bhai Shaikh Ameer bhai Kaderbhai - (Term ended 13/05/2022) (Name as in passport Murtaza Kaderbhai)
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Charity number | 1087244 |
|---|---|
| Principal address | 5 Mohammedi Park |
| Rowdell Road | |
| Northolt | |
| Middlesex | |
| UB5 6AG | |
| Auditors | Citroen Wells |
| Chartered Accountants | |
| Devonshire House | |
| 1 Devonshire Street | |
| London | |
| W1W 5DR | |
| Bankers | Habib Bank AG Zurich |
| 5/7 High Street | |
| Southall | |
| Middlesex | |
| UB1 3HA | |
| Solicitors | BDB Pitmans LLP |
| One Bartholomew Close | |
| London | |
| United Kingdom | |
| EC1A 7BL |
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent auditor's report | 4 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 10 - 15 |
HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the Trust's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The Trustees, following the wishes of the Dai al-Mutlaq, hold the trust fund and its income upon trust to apply them for the advancement of religion by the management, administration, upkeep, conservation and preservation of the Al Husaini Masjid and Mohammedi Park and in doing so promoting religious services and providing for classes and other services and facilities for worshippers, pilgrims and other adults and children.
The policies and purposes of the Trust shall continue under the provisions of the Trust Deed.
The policy of the Trust continues to be to seek additional support and provide for the aims as stated.
The Trustees confirm that they have paid due regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives.
Achievements and activities
During the year, the Trust fulfilled its main objective in respect of the upkeep, conservation and preservation of the Al Husaini Masjid and Mohammedi Park in Northolt.
Financial review
The statement of financial position set out on page 7 shows the incoming and outgoing resources for the year ended 31 December 2022.
Following the hosting of the Ashara Mubaraka 1444 in July 2022, it became apparent to the Trustees that the Husaini Masjid and Mohammedi Park complex required refurbishment due to general wear and tear over the years, since its construction in 1996. Consequently, the Trustees requested funding for the work required and a donation of £1,955,000 (2021: £nil) was received from Dawat-e-Hafiyah Trust (United Kingdom) and this explains the increase in the overall income of the Trust by £1,948,879 to £2,135,000.
Total expenditure amounted to £307,736 (2021: £295,613), with £298,129 (2021: £287,079) spent on the upkeep of the Al Husaini Masjid, and £9,607 (2021 £8,534) on governance costs. There was therefore a surplus and a net increase in funds for the year of £1,827,264 (2021: deficit of £109,492) that will be used for further future refurbishment works.
The balance sheet set out on page 8 of the financial statements shows the financial position of the Trust at 31 December 2022.
At the year end, the Trust had net assets of £1,921,825 (2021: £94,560). This Trust continues to rely on the support of other connected charities.
Reserves Policy
The Trust does not normally hold nor is it required to hold significant reserves. Instead, it relies on donations received, principally from other connected charities, in order to meet its obligations on a year by year basis. However, following the donation from Dawat-e-Hadiyah Trust (United Kingdom) in the year, there are unrestricted funds of £1,921,825 that have been earmarked for the refurbishment of the Al Husaini Masjid complex in the coming years.
Risk Management
The Trustees have assessed the major risks to which the Trust is exposed, in particular those relating to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate their exposure to the major risks.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
The Trust was established by the 52nd Dai al-Mutlaq, His Holiness Dr Syedna Mohammed Burhanuddin (RA), on 21 December 1997 and registered by a Trust Deed completed on 21 May 2001. The Trust was registered with the Charity Commission on 29 June 2001.
The Trustees who served during the year and up to the date of this report are disclosed on the legal and administrative information page.
The Trustees are appointed for a term of five years or as may be determined by al-Dai al-Mutlaq. Trustees may be reappointed at the end of a term or new Trustees may be appointed as set out in the terms of the Trust Deed.
Meetings of the Trustees are held regularly to agree the strategy and areas of activity of the Trust including upkeep of the Al Husaini Masjid, reserves and risk management policies and performance. The day to day administration of the Trust is delegated to the Secretary.
The Trustees consider the board of Trustees as the key management personnel of the Trust in charge of directing, running and controlling the Trust. All Trustees give their time freely and no Trustee remuneration was paid in the year.
The Trustees' report was approved by the Board of Trustees and signed on their behalf by:
Abdultaiyab bhai Pisawadi Dated: 22 October 2023
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.
In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
Opinion
We have audited the accounts of Husaini Masjid and Mohammedi Park Management Trust (‘Trust’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the Trust’s affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or
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sufficient accounting records have not been kept; or
-
the accounts are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the Trustees are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. Our approach was as follows:
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We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant are those that relate to the reporting framework being FRS102, Charities SORP (FRS 102), Charities Act 2011, employment legislation and the safeguarding of children.
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We understood how the charity is complying with those frameworks by making enquiries of management and seeking representations from those charged with governance. We corroborated our understanding by reviewing supporting documentation, including Trustees' meeting minutes.
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Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved enquiries of management and those charged with governance, review of legal and professional expenses and review of Trustees' meeting minutes.
-
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
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We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override of internal control and by designating revenue recognition as a fraud risk. We performed journal entry testing by specific risk criteria, with a focus on journals indicating large or unusual transactions based on our understanding of the business. We tested completeness of income through substantive tests performed, analytical review procedures and cut off tests on the income recognised.
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The charity is a regulated entity under the supervision of the Charities Commission. As such, the Statutory Auditor considered the experience and expertise of the engagement team to ensure that the team had the appropriate competence and capabilities.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Other matters which we are required to address
The year ended 31 December 2022 is the first year the trust has prepared audited financial statements. Accordingly, the comparative figures have not been audited.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Citroen Wells 25 October 2023
Chartered Accountants Statutory Auditor
Devonshire House 1 Devonshire Street London W1W 5DR
Citroen Wells is eligible for appointment as auditor of the Trust by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes Income and endowments from: Donations and grants 2 Other income 3 Total income and endowments Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 January 2022 Fund balances at 31 December 2022 |
2022 £ 2,135,000 - 2,135,000 307,735 307,735 1,827,265 94,560 1,921,825 |
2021 £ 180,000 6,121 186,121 295,613 295,613 (109,492) 204,052 94,560 |
|---|---|---|
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2022 £ £ 5,606 20,000 1,940,681 1,960,681 (44,462) 1,916,219 1,921,825 1,921,825 1,921,825 |
2021 £ £ - 76,000 89,480 165,480 (70,920) 94,560 94,560 94,560 94,560 |
2021 £ £ - 76,000 89,480 165,480 (70,920) 94,560 94,560 94,560 94,560 |
|---|---|---|---|
| 94,560 | |||
| 94,560 | |||
| 94,560 |
The financial statements were approved by the Trustees and authorised for issue on 22 October 2023 and are signed on their behalf by:
Abdultaiyab bhai Pisawadi Trustee
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes Cash flows from operating activities Cash generated from operations 14 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2022 £ £ 1,856,987 (5,786) (5,786) 1,851,201 89,480 1,940,681 |
2021 £ £ 65,289 - - 65,289 24,191 89,480 |
2021 £ £ 65,289 - - 65,289 24,191 89,480 |
|---|---|---|---|
| 65,289 24,191 |
|||
| 89,480 |
Analysis of changes in net funds
The Charity does not have any debt, as such the net debt position is equivalent to the cash at bank. Changes in the net debt position are equivalent to the movemnt as shown on the statement of cash flows above.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Trust's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Trust is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the Trustees have reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the Trust's charitable objectives.
1.4 Income recognition
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
1.5 Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Support costs and governance costs are allocated or apportioned to the applicable expenditure categories.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. An unconditional grant offer is accrued once the recipient has been notified of the grant award.
Governance costs comprise all costs involving the public accountability of the Trust and its compliance with regulations and good practice.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Individual fixed assets costing more than £1,000 and purchased by the Trust for its own use are measured at cost, and subsequently measured at cost or valuation net of deprecation and and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives as follows:
Fixtures, fittings and equipment
between 2-4 years.
Expenditure incurred by the Trust in accordance with its objects on providing fixtures, fittings and equipment for the Masjid has not been capitalised. The Masjid is owned by Dawat-e-Hadiyah Trust (United Kingdom), a related charity, and it is the duty and responsibility of this Trust to provide for the upkeep and care of the Masjid from donations received.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Employee benefits
Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 Government grants
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme (CJRS) results in payments from the Government to compensate employers for part of the wages, associated national insurance contributions (NICs) and employer pension contributions of employees who have been placed on furlough (i.e. placed on temporary leave of absence from working for the employer).
The CJRS grant is recognised under the accrual method, and is recognised as income on a systematic basis over the periods in which the Trust recognises the related costs for which the grant is intended to compensate. As such the income from the grant is recognised on a straight line basis over the furlough period for each relevant employee.
2 Donations and grants
| Donations and gifts Anjuman-e-Burhani (London) Dawat-e-Hadiyah Trust (United Kingdom) |
2022 £ 180,000 1,955,000 2,135,000 |
2021 £ 180,000 - |
|---|---|---|
| 180,000 |
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
3 Other income
| Government grants - The Coronavirus Job Retention Scheme Charitable activities Staff costs Repairs and maintenance Cleaning costs Light and heat Rates and water Governance costs (see note 6) |
2022 £ - 2022 £ 62,757 135,852 16,687 43,231 39,601 298,128 9,607 307,735 |
2021 £ 6,121 |
|---|---|---|
| 2021 £ 85,270 111,594 15,502 61,221 16,892 |
||
| 290,479 5,134 |
||
| 295,613 |
4 Charitable activities
5 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year.
6 Governance costs
| Postage and stationery Telephone and fax Bank charges General expenses Computer running costs Depreciation Audit fees Accountancy fees Legal and professional fees |
2022 £ 153 789 237 95 713 180 7,200 240 - 9,607 |
2021 £ 186 1,268 223 77 - - - 2,640 740 |
|---|---|---|
| 5,134 |
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
7 Employees
Number of employees
The average monthly number of employees (full time equivalent) during the year was:
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Maintenance employees | 4 | 5 |
| Employment costs | 2022 | 2021 |
| £ | £ | |
| Wages and salaries | 60,882 | 82,670 |
| Social security costs | 1,118 | 1,357 |
| Other pension costs | 757 | 1,243 |
| 62,757 | 85,270 |
There were no employees whose annual remuneration was £60,000 or more.
8 Tangible fixed assets
| Plant and machinery Fixtures, fittings & equipment £ £ Cost At 1 January 2022 5,629 20,688 Additions 5,786 - At 31 December 2022 11,415 20,688 Depreciation and impairment At 1 January 2022 5,629 20,688 Depreciation charged in the year 180 - At 31 December 2022 5,809 20,688 Carrying amount At 31 December 2022 5,606 - At 31 December 2021 - - |
Total £ 26,317 5,786 |
|---|---|
| 32,103 | |
| 26,317 180 |
|
| 26,497 | |
| 5,606 | |
| - |
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
9 Debtors
| Debtors | ||
|---|---|---|
| Amounts falling due within one year: Other debtors Prepayments and accrued income |
2022 £ 20,000 - 20,000 |
2021 £ 75,000 1,000 |
| 76,000 |
10 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2022 £ 37,262 7,200 44,462 |
2021 £ 67,853 3,067 |
|---|---|---|
| 70,920 |
11 Retirement benefit schemes
Defined contribution schemes
The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £757 (2021: £1,243).
12 Capital commitments
At 31 December 2022 the Trust had capital commitments to various suppliers for the sum of £50,997 (2021: £nil), in relation to repair and maintenance work to be carried out.
13 Related party transactions
The Trust, by way of influence is related to the following charities:
Dawat-e-Hadiyah Trust (United Kingdom) Anjuman-e-Burhani (London)
During the year, the Trust received donations totalling £2,135,000 (2021: £180,000) from related parties.
At the year end the following amounts were receivable from/payable to Dawat.
| Total | Total | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Amounts receivable | - | 75,000 |
| Amounts payable | - | 30,000 |
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HUSAINI MASJID AND MOHAMMEDI PARK MANAGEMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| 14 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease in debtors (Decrease)/increase in creditors Cash generated from operations |
2022 £ 1,827,265 180 56,000 (26,458) 1,856,987 |
2021 £ (109,492) - 166,761 8,020 65,289 |
|---|---|---|
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