Registered number 1093940 Masjid Ali Charitable Trust Report and Accounts 31 December 2023
Masjid Ali Charitable Trust Company Infomiation Trustees MBAziz MYAziz MHAziz Accountants Unit C 122 Bridge Road Leic6Ster LE5 3QN Regist•r8d offlce 42 Smith Dorrien Road Leicester LE5 4BG R•gi8torad number 1093940
Masjid All Charltable Trust Registered number: Trustees Report 1093940 The trustees present their report and accounts for the year ended 31 Dember 2023. Principal activities The main objective of the charity is to advance religious education irTr accordan wtth the teachirwJs of Islam. Various religious activities are held on regular basis for the benefrt of people attending the mosque and for the wider community. Activities and progress Masjid Ali Charitable Trust ensures and provides public benefft 8s follows.. Daily fi've 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 Ilslamic marriage) ceremony Ramadhan prayers are held during the year Trustee8 Thè following persons served as truslees during the year.. MBAziz MYAziz MHAziz Reserves pollcy The Trustees aim to maintain sufficient reserve5 so as to give )7exibility to cover temporary timing dIfferenS 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 charty is exposed and are satisfied that systems are in place to mitigate our exposure to major risks. Results The charity achieved a surplus of £77,752 during the year. (2022 - £21,471 for the y&arl. This report was 8pproved by the board on 7 September 2024 and signed on its behalf. MBAziz Trustee
Masjid All Charitable Trust Independent Examinerfs Report to the Trustee$ of Masjid All Charltsble Trust I report on the aco)unt8 of Masjid Ali Charitable Trust for the year ended 31 December 2023, which are sel out on pages 3 to 7. Respectlve rosponsibllllles of Iru8tees and oxaminer The Charity's trustees are responsible for the preparation of Ihe accounts. The Charity's trustees nsider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Actl 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}(bl of the 2011 Act.. and to stste whether particular matters have come to my attention. Basis of Independent examinerfs report My examination was carried out in accordance wth General Directions given by the Charity Commission. An examination inelLNJes a review of the accounting records kept by the charity and a comparison of the accounts presented wth those recAJrds. It also includes cons¢deration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees o)nceming any such matters.The procedu$ undertaken do not provide all the eviden that would be required in an audit, and consequently no opinion is given as to ether the accounts present a "true and fair vievl, and the report is limited to those matters set out in the ststement below. Independent examineV8 ststsment In connection with my examination, no matter has Come to my attention.. il which gives me reasonable cause to believe that in any material respect the requirements to keep aco)unting records in accordan* wth section 130 of the 2011 Act" and lo prepare accounts 1¢h accord with the accounting records and comply wth the accounling requirements of the 2011 Act, have not been met.. or ii) to 1¢h. in my opinion, attention should be drawn in order to enable proper understsnding of the accounts lo be reached. N J Sacranie Le1$ter Commercial Accountants Ltd 122 Brrdge Road Le1$ter LE5 3QN 7 September 2024
Masjid All Charitable Trust Income and Expenditure Account for the year ended 31 December 2023 2023 2022 Incoming Resources 313,875 249,701 Direct expenses 1236,122) (228,230) Operatlng surplus 77,753 21,471 Net Incomlng l(Outgoing) Resources lor the year 77,753 21.471 Fund balances brougt forward 1,671,950 1,650,479 Funds balances carried forward 1,749,703 1,671,950
Masjid Ali Charitable Trust Registered number: Balance Sheet as at 31 December 2023 1093940 Notes 2023 2022 Fixed assets Tangible assets 1,780,410 1,735,707 Current a8sets Debtors Cash at bank and in hand 9.942 218,429 228,371 195,183 195,163 Credltors: amounts falllng due within one year (23,9191 (23,759) Net curront assets 204.452 171,404 Total a¥8ets le58 current liabilitlos 1,984,862 1,907,111 Creditors: amounts falllng due after mor8 than one year 1193,158) 1193,158} Net a85ets 1,791,704 1.713,953 Funds Accumulated reserves 1,791,704 1,713,953 Net Funds 1,791,704 1,713,953 MBAziz Trustee Approved by th8 board on 7 September 2024
Masjid Ali Charitsble Trust Notès to the Ae¢ounts for the year ended 31 Dacembar 2023 1 Accountlng pollcles Basis ofpreparation The accounts have been prepared under the historical cost convention and in accordance Mth the statement of Recommended Practice - "Accounting by Charrties" ISORP). issued by the Charity Commissioners for England and Wales. Income Voluntary income is 1Ved by way of donations and gifls and is included in full in the Statement of Financial Activities when reived. Other income is accounled for on an accrual basis as far as it is prudent lo do so. The value of services provided by volunteers has not been included. Tangible flxed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Deprecialion is provided on all tsngible fixed assets, other than freehold land, al rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. as follows". Freehold buildings Plant and machinery 0.050A straight line 15% reducing balan Resources expended Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. FundAccounbng. Funds comprise unrestricted funds available for the furtherance of the Charity's objectives. There were no restricted fvnds. 2 Employees 2023 Number 30 2022 Number 30 Average in the year
Masjld All Charitable Trust Notes to the AcGounts for the year ended 31 December 2023 3 Tangible fixed assets FIxre8 and equipment Land and buildings Total Cost At 1 January 2023 Additions Surplu8 on revaluation Disposals At 31 December 2023 1,772,965 48,760 111,402 1,000 1,884,367 49,760 1,821,725 1,934,127 Depreciatlon At 1 January 2023 Charge for the year Surplus on revaluation On disposals At 31 December 2023 (65,2691 18551 183,391) 14,202) (148,6601 15,0571 (66,124 187,593 (153,7171 Net book value Al 31 Decemter 2023 At 31 December 2022 1,755,601 24,809 1.780,410 3 Debtors 2023 2022 Other debtors 9,942 4 Credltors: amounts falling due withln one year 2023 2022 Trade cdItorS Other creditors 3,919 20,000 23.919 3,759 20,000 23,759 5 Creditorn: amounts falling du• after one year 2023 2022 Bank loans 193,158 193,158 6 Other inforniation Masjid Ali Charitable Trust is a charity and registered in England. Its registered office is= 42 Smith Dorrien Road Leicester LE5 4BG
Masjid All Charitable Trust Detailed income and expenditure account for the year ended 31 December 2023 This schedule does not fonn part of the stsÉutory acUntS 2023 2022 Incoming Resources Fees Donations 113,904 199,971 313,875 106,129 143,572 249,701 Direct expenses Employee costs". Wages 2nd salaries Pensions Activty Costs 182,304 3,293 2,022 187,619 177,879 3,237 2,030 183,146 Premises costs: Rates Light and heat 3,292 20,391 23,683 3,283 13,786 17,069 General administrative 8xpens6S'. Tèlephone and intemel Stationery and printing Subscriptions Information and publications Bank charges Insuran Equipment hire Repairs and maintenance Depreciation 1,309 902 75 2,544 1,847 8.985 54 3,337 5,056 23,909 1,152 75 1,286 1,382 8,518 5,816 5.798 24,027 Legal and professional costs.. Accountancy fees Consultsncy fees Other legal and professional 385 526 3,493 495 3,988 911 236,122 228,230