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** 2 ## **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 3 ## **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| |---|---|---| 4 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 5 **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| |---|---|---| 6 ## **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 7 ## **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| |---|---|---| 8