**Registered charity number 1094319**
## **Chorley Muslim Trust**
**Financial Statements for the year ended 31 July 2024**
## **Chorley Muslim Trust Contents**
||**Page**|
|---|---|
|Charity Information|1|
|Trustees report|2|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7|
## **Chorley Muslim Trust Reference and Administrative Information for the period ended 31 July 2024**
## **Registered office**
C/o 1 Preston Road Whittle le Woods Chorley Lancashire PR6 7PE
## **Registered charity number 1094319**
## **Trustees**
Mehboob Umerji Patel (Chair) Mushtaq Munshi Ibrahim Saleh Iqbal Essa Mohammed Sajid Yaqub Mala
## **Appointed independent examiner**
M A Ibrahim (FCCA)
## **Accountants**
M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
## **Bankers**
HSBC 26 Market Street Chorley Lancashire PR7 2RX
## **Solicitors**
Kevills Solicitors 5 Park Rd Chorley Lancashire PR7 1QS
1
**Chorley Muslim Trust Trustees’ annual report for the period ended 31 July 2024**
## **Registered charity number 1094319**
The Annual Report is fully SORP compliant and sets out how the trustees have met their obligations.
The Financial Statement is fully SORP compliant and includes the incoming resources and resources expended.
## **Objectives and activities**
The objects of the charity are set out in the constitution are summarised as follows:
The trust is established to advance the religion of Islam in accordance with the doctrines and beliefs of the Sunni Hanafi sect of Muslims ("Sunnat wal Jamaat") accepting the Tablighi Jamaat as a Dawah Organisation and in particular:-
a) To preserve Islamic culture and tradition and to establish and to promote, encourage and advance the religious and education activities of the societies Muslim inhabitants in Chorley by provision of Mosque and Madressa premises for the teachings and propagation of the holy Quran and Hadith and Sunnat and the principles and tenets of Islam to all Muslims.
b) To make provision for Salat (Namaz) worship, fasting, other prayers and religious ceremonies to include Nikah, funeral, burials, lectures, meetings & seminars.
c) To organise and undertake such other projects consistent with the spirit of Islam as the trustees decide from time to time.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
## **Activities and achievements**
The Charity carries out a wide range of activities in pursuance of its charitable aims:
The main achievements have been to provide a building for prayer, worship and teaching.
A place for 5 times payer.
A place for children to learn Quran and Hadith.
A place to propagate Islam to the wider public.
A place for Nikah wedding ceremonies.
Over the years the wider public have benefitted because the teachings have helped the youth to behave correctly over the years.
We have been able to propagate Islam to the non Muslims, so they also benefit from the teachings of Islam.
## **Structure, governance and management**
Chorley Muslim Trust is registered as a Charity with The Charity Commission under charity no: 1094319.
The Charity is regulated by declaration of trust executed on 7th August 2002.
## **Recruitment and appointment of trustees**
All trustees gather and make a joint decision.
2
**Chorley Muslim Trust Trustees’ annual report for the period ended 31 July 2024**
## **Reference and administrative information**
See preceding page under 'Charity Information'.
## **Names of the charity trustees who manage the charity**
All trustees are named on the preceding page under 'Charity Information'.
## **Risk management, financial review and reserves policy**
The Trustees actively review all major risks which the Charity faces and drawn up a risk assessment which is reviewed at every meeting. The Trustees are satisfied that all systems are in place and arrangements have been made to manage any risks identified.
Funds available are sufficient to permit the charity to continue in operation in the medium to long term, together with the continued support from the donors.
The Trustees would like to thank all those who assisted us with their moral and financial support and trust they continue to do so.
There are no uncertainties about the charity continuing as a going concern.
## **Statement of Trustee’s responsibilities**
The Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period in preparing these financial statements, the trustees are required to:-
- h Select suitable accounting policies to be applied consistently
- h Observe the methods and principles in the Charities SORP
- h Make judgements and estimates that are reasonable and prudent
- h State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and,
- h Prepare the financial statements on the going concern bases unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees and signed on its behalf by:
Mr Mohamed Sajid Date: 22/01/2025 Trustee
3
## **Chorley Muslim Trust**
## **Independent Examiner's Report to the Trustees of Chorley Muslim Trust**
I report to the trustees on my examination of the accounts of Chorley Muslim Trust (the Trust) for the period ended 31 July 2024.
## **Respective responsibilities of trustees and examiner**
As the charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
n the accounting records were not kept in accordance with section 130 of the Charities Act; or n the accounts did not accord with the accounting records; or
n the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The appointed independent examiner of the trust:
M A Ibrahim (FCCA) for and on behalf of Date: 22/01/2025 M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
4
## **Chorley Muslim Trust Statement of financial activities for the period ended 31 July 2024**
|**Notes**
**Restricted**
**Unrestricted**
**income Endowment**
**Total**
**funds**
**funds**
**funds**
**2024**
**£**
**£**
**£**
**£**
**Incoming resources**
**2**
**Income and endowments from:**
Donations and legacies
38,185
108
-
38,293
**Resources expended**
**3**
**Expenditure on:**
Charitable activities
42,445
-
-
42,445
**Net movement in funds**
(4,259)
108
-
(4,151)
**Reconciliation of funds**
Total funds brought forward
247,433
1,420
511,877
760,729
**Total funds carried forward**
243,173
1,528
511,877
756,578|**Total**
**2023**
**£**
32,266
35,217
(2,951)
763,681
760,729|
|---|---|
5
## **Chorley Muslim Trust Balance Sheet At 31 July 2024**
|**Notes**
**Restricted**
**Unrestricted**
**income Endowment**
**Total**
**funds**
**funds**
**funds**
**2024**
**£**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**4**
13,109
-
511,877
524,985
Investments
**5**
120,000
-
-
120,000
133,109
-
511,877
644,985
**Current assets**
Cash at bank and in hand
112,049
1,528
-
113,577
112,049
1,528
-
113,577
**Creditors:amounts falling due within one year**
Trade creditors and accruals
**6**
1,984
-
-
1,984
**Net current assets**
110,065
1,528
-
111,593
**Net assets**
243,173
1,528
511,877
756,578
**The funds of the charity**
**7**
Unrestricted funds
243,173
-
-
243,173
Restricted income funds
-
1,528
-
1,528
Endowment Waqaf funds
-
-
511,877
511,877
**Total charity funds**
243,173
1,528
511,877
756,578|**Total**
**2023**
**£**
528,983
120,000
648,983
112,310
112,310
564
111,747
760,729
247,433
1,420
511,877
760,729|
|---|---|
Approved by the board of trustees and signed on its behalf by
Mr Mushtaq Munshi Date: 22/01/2025 Trustee
6
**Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2024**
## **1 Accounting Policies**
## **(a) Basis of preparation**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 and charities SORP (FRS 102) effective 1 January 2019, published by the Charity Commission in England & Wales.
The charity is a public benefit entity.
## **(b) Funds structure**
Unrestricted funds are donations and other incoming resources receivable or generated for the charity without further specified purpose and are available as general funds.
Restricted funds are funds subject to specific trusts, which may be declared by the donor(s) or with their authority (e.g. in a public appeal) or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are spent at the discretion of the trustees in furtherance of some particular aspect(s) of the objects of the charity, or they may be endowment funds, where the assets are required to be invested, or retained for actual use, rather than spent.
Endowment Waqaf funds as applied to mosque property is a religious endowment. The properties under Waqaf endowment are dedicated to Allah SWT for public benefit on a perpetual basis. Restricted Fixed Waqaf funds cannot be gifted, granted or disposed.
## **(c) Incoming resources**
All income from charitable activities and voluntary donations are included in full in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included in these accounts.
## **(d) Resources expended**
Liabilities are recognised as resources expended 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 aggregate all costs related to the category.
## **(e) Tangible fixed assets and depreciation**
Depreciation is charged on fittings and equipment which is written off on a straight-line basis over their estimated useful lives:
**Asset category Annual rate** Fittings and equipment 5%
The trustees are of the opinion that the depreciation charge for the buildings is not required as the buildings are maintained and the expenditure reflected in the income and expenditure account.
7
## **Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2024**
|**2**
**Analysis of incoming resources**
**Donations and legacies**
Donations
Rental income
**Total**
**Total income**
**3**
**Analysis of resources expended**
**Expenditure on charitable activities**
Wages and paye
Employee pension
Heat and light
Water charges
Bank charges
Insurance
Depreciation
Accountancy fees
Payroll fees
Independent examiner's fee
Legal and professional fees
Other expenses
**Total**
**Total expenditure**|**Restricted**
**Unrestricted**
**income Endowment**
**2024**
**funds**
**funds**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
33,085
108
-
33,193
5,100
-
-
5,100
38,185
108
-
38,293
38,185
108
-
38,293
**Restricted**
**Unrestricted**
**income Endowment**
**2024**
**funds**
**funds**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
16,476
-
-
16,476
542
-
-
542
11,632
-
-
11,632
2,682
-
-
2,682
225
-
-
225
2,480
-
-
2,480
3,998
-
-
3,998
300
-
-
300
264
-
-
264
200
-
-
200
3,570
-
-
3,570
75
-
-
75
42,445
-
-
42,445
42,445
-
-
42,445|**2023**
**Prior year**
**£**
26,966
5,300
32,266
32,266
**2023**
**Prior year**
**£**
15,066
491
10,503
1,853
163
2,364
3,998
300
205
200
-
75
35,217
35,217|
|---|---|---|
8
**Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2024**
|**4**
**Fixed assets: tangible assets**
**Buildings**
**£**
**Cost**
At 1 August 2023
511,877
At 31 July 2024
511,877
**Depreciation**
At 1 August 2023
-
Charge for the year
-
At 31 July 2024
-
**Net book value**
At 31 July 2024
511,877
At 31 July 2023
511,877
**5**
**Investments**
**Investment**
**Property**
**£**
**Cost**
At 1 August 2023
120,000
At 31 July 2024
120,000
**Net book value**
At 31 July 2024
120,000
At 31 July 2023
120,000
**6**
**Analysis of creditors:**
**2024**
**£**
Accruals
1,984
**Total**
1,984
**7**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**£**
Tangible fixed assets
13,109
Investments
120,000
Current assets
112,049
Current liabilities
(1,984)
**Total net assets**
243,173|**Fittings and**
**Total**
**equipment**
**Land**
**£**
**£**
**£**
79,952
-
591,829
79,952
-
591,829
62,846
-
62,846
3,998
-
3,998
66,843
-
66,843
13,109
-
524,985
17,106
-
528,983
**Total**
**£**
120,000
120,000
120,000
120,000
**2023**
**£**
564
564
**Restricted**
**income**
**Endowment**
**Total**
**funds**
**funds**
**2024**
**£**
**£**
**£**
-
511,877
524,985
-
-
120,000
1,528
-
113,577
-
-
(1,984)
1,528
511,877
756,578|
|---|---|
9
**Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2024**
## **8 Details of certain items of expenditure**
|**Details of certain items of expenditure**|||
|---|---|---|
||**2024**|**2023**|
|Fees for examination of the accounts|**£**|**£**|
|Independent examiner’s fees|200|200|
## **9 Transactions with trustees and related parties.**
There were no benefits, expenses or remuneration paid to the Trustees or persons connected to them.
|**10 Employees**
Average number of employees|**2024**
**Number**
2|**2023**
**Number**
2|
|---|---|---|
No employee received emoluments of more than £60,000.
10