CHARITY REGISTRATIUON NUMBER: 1090425
JAMIA MASJID ISLAMIC CENTRE SOUTHALL
FINANCIAL STATEMENT & REPORT
FOR THE YEAR ENDED
31 MARCH 2024
JAMIA MASJID ISLAMIC CENTRE
FOR THE YEAR ENDED 31 MARCH 2024
| CONTENTS | Page |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 9 |
JAMIA MASJID ISLAMIC CENTRE SOUTHALL
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Name: Jamia Masjid Islamic Centre Southall Charity Registration Number: 1090425 Principal Office: 101-105 Townsend Road Southall Middlesex UB1 1HL Trustees: Mr M Asif Khawaja Mr Mohammed Riaz Khan Mr Muhammad Munir Mr Akbar Hadee Mr Shafiq Chaudhary Mr Waris Ali Rajput Mr Mohammed Rashid Imams: Mohammed Amin Chisti Hafiz Muhammad Younis Bankers Barclays Bank (SC 20-42-73) Leicester LE87 2BB Lloyds Bank plc Uxbridge Branch SC 30-98-91 Uxbridge Middlesex Accountants: M/S Sheikh and Co. 4 Heath Road Hillingdon Middlesex UB10 0SL
Page 1
JAMIA MASJID ISLAMIC CENTRE SOUTHALL TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and the annual financial statements for the year ended 31 March 2024 The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's trust deed, the Charities Act 1993 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP) issued in March 2005. The charity is registered with the Charity Commission, registration number 1090425.
Belief of the Trust
The fundamental belief of the Trust is LA ILAHA ILLALLAAH MUHAMMADUR RASULALLAH, that there is no God but one God, ALLAH, and Muhammad (peace be upon him) is His prophet.
Objectives
The Trust’s main objective is to advance Islam and in particular the Sunni Brailvi Muslims faith. In furtherance of this objective, the trusts resources will be used to propagate Islam according to Sunni School of Thought.
During the year the main objective of the Trust, to further the Islamic teachings according to the Sunni School of Thought, was fulfilled through the completion of all ceremonies and functions. Our long-term is to build the self-confidence of Southall's Muslims in their faith, and through our community facilities and activities help make our area a peaceful, vibrant and harmonious community.
Review of Activities and Achievements
The charity's financial activities are shown on page 5 of these financial statements.
The trustees will continue to use funds to further the charity's objectives. Given the fluctuation in donations received, the charity retains sufficient funds to ensure continued support to the various bodies to whom grants are given.
The scheme is running very effectively. The JMIC Executive Committee and Construction are thankful to the local Muslim community and members, who are supporting the centre.
This report was approved by the Board on 25 July 2024 and signed on its behalf by:
………………………………………… MOHAMMED RIAZ KHAN SECRETARY
Page 2
JAMIA MASJID ISLAMIC CENTRE SOUTHALL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FINANCIAL STATEMENTS OF: JAMIA MASJID ISLAMIC CENTRE SOUTHALL ACCOUNTS: FOR THE YEAR ENDED 31 MARCH 2024
The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charities Act 2006 requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity as at the end of financial period and of the surplus or deficit of the charity for that period. In preparing those accounts the Trustees are required to:
-
Select suitable accounting policies and the apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
Follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts,
-
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time financial position of the charity and enable them to ensure that the accounts comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,
TRUSTEES
The trustees who served during the year under review, who are collectively referred to as trustees in this report were:
Mr M Asif Khawaja, 106 Oswald Road Southall Middlesex UB1 1HP Mr Mohammed Riaz Khan, 2 Balmoral Avenue, Hayes Middlesex UB4 0RB Mr Muhammad Munir, 169 Lancaster Road, Southall Middlesex UB1 1AS Mr Akbar Hadee, 189 Grosvenor Avenue, Hayes Middlesex UB4 8NW Mr Shafiq Chaudhary, 5 Kenton Avenue, Southall Middlesex UB1 3QF Mr Waris Ali Rajput, North Hyde Lane, Southall Middlesex UB2 5TQ Mr Mohammed Rashid, 49 Balmoral Drive Hayes Middlesex UB4 0DA
The trustees have control of and manage the affairs of the Charity and its property and funds. At least three trustees must be in office at any time and the trustees must hold at least one meeting each year. During the year under review, the trustees met on 22 June 2024. None of the Trustees have any beneficial interest in the assets of the charity.
……………………………….. MOHAMMED RIAZ KHAN SECRETARY
Dated: 25 July 2024
Page 3
JAMIA MASJID ISLAMIC CENTRE SOUTHALL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF: JAMIA MASJID ISLAMIC CENTRE SOUTHALL FOR TRHE YEAR ENDED 31 MARCH 2024
We report on the accounts of the Charity for the period ended 31 March 2024, which set out on pages 5-9.
Respective responsibilities of trustees ands examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required fore this year under Section 144 of the Charities Act 2011 And that an independent examination is needed:
It is our responsibility to:
-
examine the accounts under Section 144 of the 211 Act.
-
follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to our attention.
Basis of independent examiner's report
Our 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 present a 'true and fair view' and 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 our attention:
-
1) 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 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of 2011 Act
have not been met; or
- 2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SHEIKH AND CO. 4 Heath Road ACCOUNTANTS** Hillingdon Middlesex UB10 0SL
Dated: 25 July 2024
** - Mr J. Hayat Sheikh, LLB, FFA, FTA, FIPA is a member of Institute of Financial Accountants in England
Page 4
JAMIA MASJID ISLAMIC CENTRE SOUTHALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Notes Incoming resources Incoming resources from generated funds Collections & Donations Friday Prayers 2 Fatrana Collection Bank interest received Total incoming resources Resources expended Charitable activities Governance costs Total resources expended Net movements in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Total Funds Funds Funds 24 2023 £ £ £ £ 50,458 50,458 42,771 44,363 44,363 45,732 - - - 94,821 94,821 88,503 140 140 23 |
|---|---|
| 94,961 - 94,961 88,526 |
|
| - - 68,454 68,454 56,858 |
|
| 68,454 68,454 56,858 |
|
| 26,507 26,507 31,668 948,561 948,561 916,893 |
|
| 975,068 975,068 948,561 |
The Statement of Financial Activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 5
JAMIA MASJID ISLAMIC CENTRE SOUTHALL BALANCE SHEET AS AT 31 MARCH 2024
| Notes Fixed Assets Tangible Assets 9 Current Assets Cash at bank and in hand Other debtors & prepayments Current Liabilities Creditors and accruals Net Current Assets Net Assets The funds of the charity: Restricted funds in deficit Restricted income funds Unrestricted funds Unrestricted income funds Total Charitable Funds …………………………………….. MOHAMMED RIAZ KHAN (Secretary) …………………………………….. AKBAR HADEE (Treasurer) Dated: 25 July 2024 |
£ £ £ 555,519 426,289 415,211 448 448 426,737 415,659 (7,188) (9,041) 419,549 £ 975,068 - 975,068 £ 975,068 2024 |
£ 541,943 406,618 2023 |
|---|---|---|
| 948,561 | ||
| - 948,561 |
||
| 948,561 | ||
The notes on pages 5 to 9 form an integral part of these financial statements.
Page 6
JAMIA MASJID ISLAMIC CENTRE SOUTHALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)' issued in March 2005, applicable accounting standards and the Charities Act 2011.
Funds accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 7.
Incoming resources
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregates all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Tangible fixed assets and depreciation
All assets costing more than £1,000 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. The freehold property is valued at historic cost and it is not depreciated, as the Mosque, are considered to have a useful life as a building of greater than 50 years and so any depreciation charge is considered immaterial.
Asset category
Annual rate
Fixtures, Fittings & Equipments
18% on written down value
Page 7
JAMIA MASJID ISLAMIC CENTRE SOUTHALL NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31 MARCH 2024
| 2. Voluntary income Unrestricted Funds £ Collections & Donations 50,458 Friday Prayers 44,363 Other Income - Total 94,821 3. Support costs £ Administration 2,961 Office costs 129 Accountancy & Audit 3,450 Parking Permits 3,358 Property costs 3,504 Depreciation 1,874 Total 15,276 4. Net incoming/(outgoing) resources for the year Net incoming/(outgoing) resources for the year are stated after charging(crediting) the following: Accountants' remuneration Depreciation 5. Staff costs Wages and salaries Social security costs Imams Assistant Imam Part-time Hafiz-e-Q'uran |
Unrestricted Funds £ 50,458 44,363 - |
Restricted Total Funds Total Funds Funds 2024 2023 £ £ £ 50,458 42,771 44,363 45,732 - - |
|---|---|---|
| 94,821 | 94,821 88,503 |
|
| £ 2,961 129 3,450 3,358 3,504 1,874 |
Faith & Worship Total £ £ 40,465 43,426 129 3,450 3,358 10,449 13,953 1,874 50,914 66,190 2024 2023 £ £ 3,450 2,350 1,874 2,286 2024 2023 £ £ 40,465 32,340 1,464 896 2024 2023 £ £ 1 1 1 1 2 2 |
|
| 15,276 |
No employee had emoluments in excess of £12,000 (2023 - None).
The average number of full-time employees during the year were - 1 (2023 - 2).
6. Trustees' remuneration and expenses
No trustee received remuneration or expenses during the year under review (2023 NIL).
The charity is controlled by the trustees.
Page 8
JAMIA MASJID ISLAMIC CENTRE SOUTHALL NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31 MARCH 2024
| 7. Analysis of funds Unrestricted funds: Unrestricted general funds Designated Mosque extension funds Restricted funds Restricted income fund 8. Net assets by fund Current assets Net assets 9. Fixed assets: tangible assets Cost As at 01 April 2023 Additions Disposal At 31 March 2024 Depreciation As at 01 April 2023 Charge for the year Disposal At 31 March 2024 Net Book Value At 31 March 2024 At 31 March 2023 10. Creditors under 1 year Accruals Social security cost Total |
Balance b/fwd £ 948,561 - - |
Incoming Resources Transfers Funds resources expended c/fwd £ £ £ £ 94,961 (68,454) 975,068 - - - - - - - - |
|---|---|---|
| Unrestricted Funds 426,737 |
Total Funds Total Funds 31.03.2024 31.03.2023 426,737 415,659 426,737 415,659 Fixtures, Fittings & Equipments Total £ £ 102,288 633,818 - 15,450 102,288 649,268 91,875 91,875 1,874 1,874 - - 93,749 93,749 8,539 555,519 10,413 541,943 2024 2023 £ £ 5,039 8,469 2,149 572 7,188 9,041 |
|
| 426,737 | ||
| Freehold Property £ 531,530 15,450 |
||
| 546,980 | ||
| - - - |
||
| - | ||
| 546,980 | ||
| 531,530 | ||
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