Registered number 1093940
Masjid Ali Charitable Trust
Report and Accounts
31 December 2021
Masjid Ali Charitable Trust Company Information
Trustees
M B Aziz M Y Aziz M H Aziz
Accountants
42 London Road Oadby Leicester LE2 5DH
Registered office 42 Smith Dorrien Road Leicester LE5 4BG
Registered number 1093940
1
Masjid Ali Charitable Trust Registered number: Trustees Report
1093940
The trustees present their report and accounts for the year ended 31 December 2021.
Principal activities
The main objective of the charity is to advance religious education in accordance with the teachings of Islam. Various religious activities are held on regular basis for the benefit of people attending the mosque and for the wider community.
Activities and progress
Masjid Ali Charitable Trust ensures and provides public benefit as follows:
Daily five times prayers are held everyday Friday Prayers are held every week Madrassah classes are held every day during evenings to teach basic Islamic studies Islamic Weddings – The Mosque provides Nikkah (Islamic marriage) ceremony Ramadhan prayers are held during the year
Trustees
The following persons served as trustees during the year:
M B Aziz M Y Aziz M H Aziz
Reserves policy
The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the Trust.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate our exposure to major risks.
Results
The charity achieved a surplus of £42,002 during the year. (2020 - deficit £35,903) for the year.
This report was approved by the board on 26 September 2022 and signed on its behalf.
M B Aziz Trustee
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Masjid Ali Charitable Trust
Independent Examiner's Report to the Trustees of Masjid Ali Charitable Trust
I report on the accounts of Masjid Ali Charitable Trust for the year ended 31 December 2021, which are set out on pages 3 to 7.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees
consider that an audit is not required for this year under section 144(2) of the Charities
Act 2011 (the 2011 Act) and an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow
the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with 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 the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: i) 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 comply with the accounting requirements of the 2011 Act, have not been met; or
ii) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
N J Sacranie Leicester Commercial Accountants Ltd 42 London Road Oadby Leicester LE2 5DH
26 September 2022
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Masjid Ali Charitable Trust Income and Expenditure Account for the year ended 31 December 2021
| Incoming Resources Direct expenses Other operating income Operating surplus/(deficit) Net Incoming /(Outgoing) Resources for the year Fund balances brougt forward Funds balances carried forward |
2021 £ 250,453 (210,838) 2,387 42,002 42,002 1,650,479 1,692,481 |
2020 £ 185,066 (225,149) 4,180 (35,903) (35,903) 1,686,382 1,650,479 |
|---|---|---|
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1093940
Masjid Ali Charitable Trust Registered number: Balance Sheet as at 31 December 2021
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Funds Accumulated reserves Net Funds |
2021 £ 1,741,504 3,073 165,851 168,924 (24,789) 144,135 1,885,639 (193,158) 1,692,481 1,692,481 1,692,481 |
2020 £ 1,734,979 3,073 130,027 133,100 (24,441) 108,659 1,843,638 (193,158) 1,650,480 1,650,480 1,650,480 |
|---|---|---|
M B Aziz Trustee Approved by the board on 26 September 2022
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Masjid Ali Charitable Trust Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the statement of Recommended Practice - "Accounting by Charities" (SORP), issued by the Charity Commissioners for England and Wales.
Income
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. Other income is accounted for on an accrual basis as far as it is prudent to do so. The value of services provided by volunteers has not been included.
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 0.05% straight line Plant and machinery 15% reducing balance
Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Fund Accounting.
Funds comprise unrestricted funds available for the furtherance of the Charity's objectives. There were no restricted funds.
| 2 Employees Average in the year |
2021 Number 30 |
2020 Number 26 |
|---|---|---|
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Masjid Ali Charitable Trust Notes to the Accounts
for the year ended 31 December 2021
3 Tangible fixed assets
| Cost At 1 January 2021 Additions Surplus on revaluation Disposals At 31 December 2021 Depreciation At 1 January 2021 Charge for the year Surplus on revaluation On disposals At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans |
Land and buildings £ 1,759,765 13,200 - - 1,772,965 (63,560) (855) - - (64,415) 1,708,550 1,696,205 |
Fixtures and equipment £ 111,402 - - - 111,402 (72,629) (5,819) - - (78,448) 32,954 38,772 2021 £ 3,073 2021 £ 4,789 - 20,000 24,789 2021 £ 193,158 |
Total £ 1,871,167 13,200 - - 1,884,367 (136,189) (6,674) - - (142,863) 1,741,504 1,734,979 2020 £ 3,073 2020 £ 3,342 739 20,360 24,441 2020 £ 193,158 |
|---|---|---|---|
7 Other information
Masjid Ali Charitable Trust is a charity and registered in England. Its registered office is: 42 Smith Dorrien Road
Leicester
LE5 4BG
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Masjid Ali Charitable Trust Detailed income and expenditure account for the year ended 31 December 2021
This schedule does not form part of the statutory accounts
| Incoming Resources Fees Donations Gift Aid Direct expenses Employee costs: Wages and salaries Pensions Activity Costs Staff training and welfare Premises costs: Rates Light and heat Cleaning General administrative expenses: Telephone and internet Stationery and printing Subscriptions Information and publications Bank charges Insurance Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees Solicitors fees Advertising and PR Other operating income Other operating income |
2021 £ 95,078 155,375 - 250,453 173,723 3,250 2,496 - 179,469 947 9,435 - 10,382 1,096 416 75 2,001 1,469 7,822 1,014 6,674 20,567 420 - - 420 210,838 2,387 |
2020 £ 53,439 128,589 3,038 185,066 181,941 2,725 - 356 185,022 2,062 12,213 158 14,433 1,280 - 75 1,135 1,102 7,600 4,111 7,721 23,024 595 1,860 215 2,670 225,149 4,180 |
|---|---|---|
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