BAITUL AMAN MOS UE AND CULTURAL CENTRE LIMITED COMPANY RF.GISTERED NO: 03278247 CHAIUTY REGISTERED NO: 1093925 101 Braintree Street London England E2 OFT STATFMF,NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024 MHC ACCOUNTANTS LTD Chartered Accountants 22 Cavell Street, London E12HP Tel.. 020 7790 0416 email: mhussain mhc rou .co.uk
PAGE-03 Objectives and activities The Charity's object and its principal activity continues to be thal of maintaining the mosque premises for prayers and worship. providing Islamic education, and promoting the Islamic faith. Tlie Charity is oi'ganised so that the board of directors, who are the Trustees of the Company, In¢¢t r¢gularly in order to manage its affairs as there is no full-time administrator. Achievements and performance There has been a steady increase in woi'sliipcrs attending the mosque. Facilities for batliing and shrouding of d¢ad in line with Islamic teachings are available in th¢ mosque. Necessary repairs w¢r¢ carri¢d out to the mosque and investment properties in order to maintain these in good condition. Being th¢ mosque was closed for refurbishment and impi'ovem¢nt the donation received during th¢ y¢ar w¢re significantly lower than tlie last year. The trustecs consider that afier the iinprovemcnt th¢ mosque started to run in full fledge and th¢ p¢rforinance is very satisfactory. The educational activity of the Trust has been actively engaged in coping with the increase in students attending by recruiting part tim¢ tcach¢rs. The volunteers involved in this activity are an importaiit resource in improving leariiiiig environment keepingv in view the core Islamic values. The trustees consider the performance of ihe Charity this year has been satisfactory. Flnanelal review The net income dui'ing the year amounted to £188,558 following appeals to raise funds for improvement and i'efurbishment of the mosque. Costs wer¢ contained within budget. The directors considei. the financial position of the Charity, as shown in the Financial Statements, to be satisfactory. Plans for future periods The aims of Baitul Aman Mosque include: To connect students to authentic Islamic teachings. To build and augment Islamic knowledge so as to understand how to live Islam practically. To enable a positive atmosphei'e conductive to productive learning and development. To increase student's love of Allah and His Messenger. To inspire students to embody the teachings of151am and io be produclive community role models. To in still coiifidence to respect othei's and their ¢nvironments.
PAGE-04 There are also plans to develop community programmes with wider cominunity and other organisations as the trust¢¢s place great importance on sharing a good understanding of Islam with others whilst gaining an und¢rstanding of other cultures and traditions. Consideration is being given to build another floor above the s¢condary hall in order to accommodate increasing number of Madrasa attendees. Small company provisions This report has been prepared in accordance with the provisions applicabl¢ to Gompani¢s ¢ntill¢d to the small companies, exemption. The trustees, annual report was approvcd on 12 August 2024 and signed on behalf of the board of tISteeS by: onjur Ali) General Secretory
BAITUL AMAN MOS UE AND CULTURAL CENTRE LIMITED Contents Legal and Administrative Inforniation Trustees Annual Report Independent ExamÈner's Report Income and Expenditure Account Balance Sheet Notes fonning part of the Financial Statements 01 02-04 05 06 07 08-12
PAGE-01 BAITUL AMAN MOS UE AND CULTURAL CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Chairman Shamsul Hoque General Secretory Monjur Ali Treasurer NUNI Hoque Trustees Khalil Uddin Khairul Islam Saiful Islam Amir Ali Abdullah Monsur Address l O l Braintree Street London E2 OFT Independent Examiner MHC Accouiitants Ltd I'hartered Accountants 22 Cavell Street London EI 2HP Bankers Lloyds Bank HSBC B¢ink
PAGE-02 BAITUL AMAN MOSQUE AND CULTURAL CENTRE LIMITED TRUSTEES, ANNUAL REPORT TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEIVIBER 2024 STRCTURE, GOVERNANCE AND MANAGEMEIYT Governing Document The Charity is Constituted as a company limited by guarante¢ and is therefore governed by its Memorandum and Articles ofAssociation incorporated 14 Nov¢mber1996 as amended by special resolution dated 15 April 2007. Appointment of trustees All members are requested to send nomination of irust¢¢s (dir¢ctor5) prior to the election day and are informed of the outgoing directors. Voting is by ballot and is supervised by two independent commissioners appointed by the board. Trustee induetion and trAlning New trustees are briefed on their legal obligalion under charity and company law. the content of Memorandum aiid Articles of Association: the committee and decision makiiig processes and recent financial plan of the charity. This ensures that new trustees are aware of the scope of their r¢sponsibilities Organfisation The board of trustees administ¢r the charity. The board Ineets regularly and is assisted by a management committee which is el¢cted by members to assist the board in day to day operations coveringl religious functions. education ot.all age groups, supervising maintenance and renovation work. coll¢ction of funds and other mattcrs arising from time to time. All the trustees and the management committee give their time frecly and receive no remuneration or othei. financial benefits. Risk MaDagement The chai.ity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and steps have been talcen to address those risks as follows., i) 2) Health and safety discussion at Boai'd M¢¢tings. Financial polici¢s and cash flow discussions with th¢ bank¢rs and frequent discussions with members. 3) Secui'ity and protection of property, staff, volunteers, students and congregation with th¢ police, security firm, and insurance brokers.
PAGE-OS BAITUL AMAN MOSQUE AND CULTURAL CENTRE LIMITED INDTr PENDENT EXAMINER'S REPORT TO THE TRUSTEES Th¢ charity's Trustees consider that an audit is not required for ihis year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed. It is my responsibility to: examin¢ the accounts under section 145(l) of the Charities Act 2011, to follow the proc¢dures laid down in the general Directions given by the Chai'ity Commission (under section 145(5)(b) of the 201 l Act). and to state whether particular matters have come to my attention. Basis of inde endent examiner's re ort My ex<tmin(Ition was Larried out in ¢i¢cordance with general directions given by the Chai'ity Commission, An Cxamination includes a revi¢w 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 it¢ms or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures und¢rtaken do not provide all tlie evidence that would be required in an audit, and con.%equently no opinion is gyiven as to whether the accounts present a 'true and lair, vi¢w, and the report is liinited io those inattci's set out in the statenient below. Indc endent examiner's statement In connection with my examination, no material matter has come to my attention: which &yives me reasonable cause to believe that in, any material respect, the requirements: to keep accountingy i'ecords in accordanc¢ with section 130 of the Charities Act to prcpare accounts which accord with the accounting records and comply with the accounling rLquiremcnts of the Chai'ities Act have iiot been met. or 2. to which. in my opinion, attention should be drawn in order to ¢nable a proper understanding of ihe accounts to be reached. Md Mudabbir Hussain MHC Accountants Ltd Chartcr¢d Accountants 22 Cavell Str¢¢t London EI 2HP Date." 0310612025
PAGE-06 BAITUL AMAN MOSQUE AND CULTURAL CENTRE LIMITED (Company Limited by Guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR 01 DECEMBER 2023 TO 30 NOVEMBER 2024 2024 INCOME Donation and Legacies Incoine trom charitable activities Investment Tncome Notes 180.909 73,783 33,775 Total Income 288,467 LESS: EXPENDITURE Accountancy fees Advertising and PR Bank charges Lig5ht and heat Cleaning Depi'¢Liation Insurancc Other legal and prof Refreshment Repair aiid maintenance Wages and salaries Otrice exp¢nses Telephone and internet Service charg¢s Stationery and printing Subscription Water Donation 750 2,965 1,147 28,437 1.110 1,887 2,121 40 4,485 3,583 28,819 13.949 318 604 1,691 216 6,187 1,600 Total Expenditure 99,909 Excess of Income over Expenditure 188,558 We hereby approve the above accounts and confirm that we have supplied all the Iiiformation and explanations required for the preparation of th¢s¢ accounts. roved b (Monjur Ali) General Secr¢tory (Nurul Hoque) Treasui'¢r
PAGE-07 BAITUL AMAN MOSQUE AND CULTURAL CENTRE LIMITED (Company Limited by Guarantee) BALANCE SHEET AS ON 30 NOVEMBER 2024 2024 FIXED ASSETS Tangiblc Assets Notes ? 827,524 CURRENT ASSETS Cash at Banlc- HSBC Cash in Bank- Lloyds Cash in Bank-Lloyds [Savings] Cash in Hand 966 290,708 2,439 2,718 296,831 LF,SS: (:IJRRENT LIABILITIFS Amount falling due within one year 10 (1,844) NET CURRENT ASSETS/(LIBITIES) 294,987 LESS: CRLDIROTS Ainount falling due after one year. (52,350) TOTAL NET ASSETS 3,070,161 REPRESENTED BY: Funds Opening Balanc¢ Add: Excess of Income over Expenditure 2,881,603 188,558 Balance carried forward 3,070,161
PAGE-08 BAITUL AMAN MOSQUE AND CULTURAL CENTRE LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024 I. GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the I'egislered offiLe is l O l Brainlree Sireet, London E2 OFT. 2. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparingl heir accounts in accordance with the Financial Reporting Standai'd applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 3. ACCOUNTING POLICIES 3.1 Basis of preparation The financial statem¢nts hav¢ been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measui'ed at fair value through income or expenditur¢. The financial statements are prepared in sterling, which is the fvnctional currency of the entity. 3.2 Going concern. There are no material uncertainties about th¢ charity's ability to continue. 3.3 Disclosure excmptinns No cash tlow statcment has been presented for the company. 3.4 Judgements and key sources of estRmation uncertainty The preparation of the financial statements requires management to make judgements, estim¢iLes and assumptions thataffectthe amounts reported. These estimates and judgements are continually reviewed and based on experience and other factoi's, including expectations of future events thal are believed to be r¢asonable under the circumstances.
PAGE-09 3.5 Fund accounting Unrestricted funds are available for use at the discretion of the trustees to fuither any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or comm itment. Rcstricted funds are subjected to restrictions on their cxpeiiditure declared by the doiior or through the terms of an appeal and fall into one of two sub- classes: r¢stricted income funds or endowment funds. 3.6 Incoming resources All incoming resoui'ces are included in the stateinent of financial activities when entitleinent has passed to the charity. it is probable that the economic b¢nefits associated with tli¢ ti'ansaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to pai'ticular categories of income.. income from donations or grants is I'ecognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. legacy income is recogllis¢d when receipt is probable, and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measur¢ reliably, in which case the value is derived fi'om the cost to th¢ donor or the cstimat¢d r¢sal¢ value. Donatcd facilities and services are i'ecoginis¢d in the accounls when r¢cciv¢d if the value Lan be I'eliably measured. No amounls are inLlud¢d for the conti'ibution of general volunteers, income from contracts for the siipply of services is recognised with the delivery of the contracted service. This is classified as unr¢stricted funds unle55 there is a contractual requiremeiit for it to be spent on a particular purpose and returned if unspent, in which case it Inay be regarded as restricted, 3.7 Resources expended. Expenditure is reco&7nised on an accruals basis as a liability is incurred. Expenditure includes any VAT which caniiot be fully i'ecovered and is classified under headings ot. the statement of financial activities to which it relates: expenditure on raising funds includes the costs of a15 fundraising activities, events, non-charitable trading activities, and tlie sale of donated goods. expenditure on chai'itable activities includes all costs incuri'ed by a charity in undertalcing activities that further its charitable aims for the benefit of its benefiLiaries, inLludinLY those %upp()rt costs and costs relating to tlie gyovernance of the charity api)nrtioned to charitable activilies. othcr expenditure includes all expenditure that is neithei. related to raising funds for the charity nor part of its expenditure on charitable activities. All costs arc allocated to expenditure categoi'ies I'eflecting the use of the I'esource. Direct costs attributable to a singlc activity arc allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
PAGE-10 3.8 Tangible assets Freehold Property is not depr¢ciated as Ét is maintained to such a standard that the estimated r¢sidual value is noi likely to be less than the cost. 3.9 Depreciation Deprcciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over tlie us¢ful ¢conomic life of thai asset as follows: Fixtures and Fittings - 20 Q/0 Sti'aight line 3.10 Loans and borrowings Loans and borrowingys al'e initially recognised at the tractions Price. Including transition Costs. Private Loans: 'Qard Hasanah" is a interest free loans froni tlie charity's beneficiaries, which only have a moral obligation to repay as per agreement. Qard Hasaiiali is recognised when received Ipaid and recorded under liabilities due within one year and/or more than one year. 4. LIMITED BY GUARANTEE The Company was incorporated as a company limited by guai'antee and not having3 a shar¢, capital. Every inember of ihe coinpany lias undertaken to contribiit¢ to the ass¢Ès of th¢ coinpany, in the event of its b¢ing wound up while a meinbei., wiihin one year after ccasing lo bc a Im¢mb¢r, an amount not exceeding £1 00. 5. DONATIONS AND LEGACTE, Particulars General Donations Gift Aid 180,909 180,909 6. INCOMING FROM CHARITABLE ACTIVITIES Partlculars Jummali Collections Pot Collections 56,563 3,697 Ramddan Donations, Sab-e-Qador, & Sab-e-Borat Eid Collections, 8,872 4,651 73,783 7. IIYVESTMENT IIYCOME Particulars Rental Income 33,775 33,775
PAGE-11 8. WAGES, SALARIES, & NI Baitul Aman Mosque and Cultural Centre Limited has a PAYE (Pay as you earn) Scheme and registered with HMRC as an employ¢r. Net amount of Wages, salaries & Nl payinent to Imam, Muazzin & Caretakci. as an employec of Baitul Aman Mosque and Cultural Centre Limited. 9. FIXED ASSETS There are no fixed assets r¢gist¢r of Baitul Aman Mosque and Cultural Centre Limited. The Executive Committee should maintain a fixed asset register to control the amount off Fixed Assets. The fixed assets schedule for the year as follows: Freehold Property Fixture & Fittlllgs Total Cost Opening Balance as at 01112/2023 Addition during the Year 2,748.698 71.278 30,442 2,779,140 71,278 Closing Balance as at 3011112024 2,819,976 30,442 2,850,418 reciation Op¥ningJ Balance as at 0111212023 Charg¢ for the year 21,007 1,887 21,007 1,887 Closing Balance as at 3011112024 22,894 22,894 NET BOOK VALUE as at 3011112024 2,819,976 7,548 2,827,524 10. CREDITORS-fallxng due within one year: Particulars Mhc Accountants Ltd HMRC 750 1,094 1,844
PAGE-12 11. CREDITORS-falling due Ydfter more than one year: Particulars Qard Hasanah- Private Loan 52,350 52J50 11.1 Qard Hasanah- Private Loans 'Qard Hasanah" arc loans from charity's beneficiaries: wliich are repayable on request. There is no interest du¢, or s¢curity given for th¢se loans. Long-term Qard Hasanah loans have been contractually agreed with private individuals, as not repayable within l ? months. Shoi't-term loans can b¢ repayable at any lim¢. 11.2 FRS 102 Departure {Private loans disclosure) FRS102 requires long-tei'm iniei'est free loans to be stated ai their present value. Effectively this would mean loan ainoiints States in the account al'e lowcr than the actual amounts payable in future. This has potential to confuse the charity's stakeholder. as such the trustees have opted not to follow FRS102 ireatment for these loans.