Registered charity number 1098101
Masjid And Madressa Taleem-Ul-Islam Financial Statements for the year ended 31 March 2024
Masjid And Madressa Taleem-Ul-Islam 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 |
Masjid And Madressa Taleem-Ul-Islam Reference and Administrative Information for the period ended 31 March 2024
Registered office
1-15 Cobwell Whalley Old Road Blackburn Lancashire BB1 7JJ
Registered charity number 1098101
Trustees
Akhtar Ali Talib Hussain Mazhar Iqbal Shahid Mahmood Mohammed Nazir - Deceased 24/04/2024
Appointed independent examiner
M A Ibrahim (FCCA)
Accountants
M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
Bankers
Natwest Bank 35 King William Street Blackburn Lancashire BB1 7DL
1
Masjid And Madressa Taleem-Ul-Islam Trustees’ annual report for the period ended 31 March 2024
Registered charity number 1098101
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:
To Advance the Islamic faith by provision of a school for religious education and facilities for religious services and cultural activities.
The advancement of the religion of Islam to be according to the Qu'ran as exemplified by the ideal life of the Prophet Muhammad (peace be upon him) based on the principles of Ahle-Sunnatul-Jamat and the Tablighi principles observed and practised by Darul-Uloom Deoband (University).
Provision of prayer facilities for the Muslim community in Blackburn and part time religious education is provided to the children in the local area.
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 organisation continues to build on its success, cater for the community and serves them according to their needs.
The mosque provides public benefit through its programme of prayers, religious, educational activities and celebration of key events in the Islamic calendar such as Ramadan and Eid.
Structure, governance and management
The Charity is regulated by declaration of trust dated 14 May 2003.
Recruitment and appointment of trustees
Trustees appointed by the existing members of the Trust Board by simple majority.
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'.
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Masjid And Madressa Taleem-Ul-Islam Trustees’ annual report for the period ended 31 March 2024
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.
The trustees have reviewed the reserves of the charity. 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.
The trustees would like to express their sadness and condolences at the loss of one of the founder trustee Mohammed Nazir, the trust and the whole community are very grateful for the length of service he provided as a trustee and the time he contributed towards the running of the trust. May The Almighty grant him Jannah. Ameen.
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:
Talib Hussain Trustee
Date: 05/07/2024
3
Masjid And Madressa Taleem-Ul-Islam
Independent Examiner's Report to the Trustees of Masjid And Madressa Taleem-Ul-Islam
I report to the trustees on my examination of the accounts of Masjid And Madressa Taleem-Ul-Islam (the Trust) for the period ended 31 March 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: 05/07/2024 M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
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Masjid And Madressa Taleem-Ul-Islam Statement of financial activities for the period ended 31 March 2024
| Notes Restricted Unrestricted income Total funds funds 2024 £ £ £ Incoming resources 2 Income and endowments from: Donations and legacies 36,016 - 36,016 Charitable activities 10,785 - 10,785 Total incoming resources 46,801 - 46,801 Resources expended 3 Expenditure on: Charitable activities 42,798 - 42,798 Net movement in funds 4,003 - 4,003 Reconciliation of funds Total funds brought forward 264,219 - 264,219 Total funds carried forward 268,223 - 268,223 |
Total 2023 £ 34,919 11,103 |
|---|---|
| 46,022 | |
| 42,656 | |
| 3,366 | |
| 260,853 | |
| 264,219 |
5
Masjid And Madressa Taleem-Ul-Islam Balance Sheet At 31 March 2024
| Notes Restricted Unrestricted income Total funds funds 2024 £ £ £ Fixed assets Tangible assets 4 298,590 - 298,590 298,590 - 298,590 Current assets Debtors 5 17 - 17 Cash at bank and in hand 18,990 - 18,990 19,008 - 19,008 Creditors:amounts falling due within one year Interest free loans 49,000 - 49,000 Trade creditors and accruals 6 375 - 375 49,375 - 49,375 Net current assets (30,367) - (30,367) Net assets 268,223 - 268,223 The funds of the charity 7 Unrestricted funds 268,223 - 268,223 Total charity funds 268,223 - 268,223 |
Total 2023 £ 298,590 |
|---|---|
| 298,590 - 14,979 |
|
| 14,979 49,000 350 |
|
| 49,350 | |
| (34,371) | |
| 264,219 | |
| 264,219 | |
| 264,219 |
Approved by the board of trustees and signed on its behalf by
Shahid Mahmood Date: 05/07/2024 Trustee
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Masjid And Madressa Taleem-Ul-Islam Notes to the Accounts for the period ended 31 March 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.
(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 15% Straight line
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.
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Masjid And Madressa Taleem-Ul-Islam Notes to the Accounts for the period ended 31 March 2024
| 2 Analysis of incoming resources Donations and legacies Donations Total Charitable activities Fees receivable Total Total income 3 Analysis of resources expended Expenditure on charitable activities Wages and paye Casual wages Heat and light Water charges Bank charges Insurance Repairs and maintenance Equipment expensed Subscriptions and software Stationery, postage and printing Sundry expenses Accountancy fees Payroll fees Independent examiner's fee Legal and professional fees Total Total expenditure |
Restricted Unrestricted income 2024 funds funds Total funds £ £ £ 36,016 - 36,016 36,016 - 36,016 10,785 - 10,785 10,785 - 10,785 46,801 - 46,801 Restricted Unrestricted income 2024 funds funds Total funds £ £ £ 20,386 - 20,386 1,434 - 1,434 14,422 - 14,422 2,535 - 2,535 11 - 11 1,673 - 1,673 954 - 954 - - - 385 - 385 - - - - - - 250 - 250 296 - 296 150 - 150 300 - 300 42,798 - 42,798 42,798 - 42,798 |
2023 Prior year £ 34,919 |
|---|---|---|
| 34,919 | ||
| 11,103 | ||
| 11,103 | ||
| 46,022 | ||
| 2023 Prior year £ 21,910 - 13,667 1,716 19 1,379 198 1,536 185 16 170 250 297 150 1,164 |
||
| 42,656 | ||
| 42,656 |
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Masjid And Madressa Taleem-Ul-Islam Notes to the Accounts for the period ended 31 March 2024
4 Fixed assets: tangible assets
| 4 Fixed assets: tangible assets |
4 Fixed assets: tangible assets |
||
|---|---|---|---|
| Buildings £ Cost At 1 April 2023 298,590 At 31 March 2024 298,590 Depreciation At 1 April 2023 - At 31 March 2024 - Net book value At 31 March 2024 298,590 At 31 March 2023 298,590 5 Analysis of debtors: 2024 £ Taxation and social security 17 Total 17 6 Analysis of creditors: 2024 £ Accruals 375 Total 375 7 Analysis of net assets between funds Unrestricted funds £ Tangible fixed assets 298,590 Current assets 19,008 Current liabilities (49,375) Total net assets 268,223 8 Details of certain items of expenditure |
Buildings £ 298,590 |
Fittings and Total equipment £ £ 7,639 306,229 |
|
| 298,590 | 7,639 306,229 |
||
| - | 7,639 7,639 |
||
| - | 7,639 7,639 |
||
| 298,590 | - 298,590 |
||
| 298,590 | - 298,590 |
||
| 2023 £ - - 2023 £ 350 350 Restricted income Total funds 2024 £ £ - 298,590 - 19,008 - (49,375) |
|||
| 268,223 | - 268,223 |
||
| Fees for examination of the accounts Independent examiner’s fees |
2024 £ 150 |
2023 £ 150 |
| Details of certain items of expenditure | ||
|---|---|---|
| 2024 | 2023 | |
| Fees for examination of the accounts | £ | £ |
| Independent examiner’s fees | 150 | 150 |
9 Transactions with trustees and related parties.
There were no benefits, expenses or remuneration paid to the Trustees or persons connected to them.
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Masjid And Madressa Taleem-Ul-Islam Notes to the Accounts for the period ended 31 March 2024
| 10 Employees Average number of employees |
2024 Number 5 |
2023 Number 5 |
|---|---|---|
No employee received emoluments of more than £60,000.
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