**Registered Company Number: 04730509 (England and Wales) Registered Charity Number: 1099574** 

## **THE CMA WELFARE TRUST** 

**TRUSTEES’ REPORT AND** 

**CONSOLIDATED FINANCIAL STATEMENTS** 

**YEAR ENDED 29 APRIL 2024** 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574) TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **THE CMA WELFARE TRUST** 

## **ANNUAL REPORT 2024** 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574) TRSUTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **CONTENTS** 

|**Content**|**Page**|
|---|---|
|**Chairman’s Foreword**|**3**|
|**Report of the Board of Trustees (including Statement of Trustees’ Responsibilities)**|**4**|
|**Independent Auditors Report**|**20**|
|**Consolidated Statement of Financial Activities**|**23**|
|**Income and Expenditure Account (As Required by the Companies Act 2006)**|**24**|
|**Consolidated Balance Sheet**|**25**|
|**Company Balance Sheet**|**26**|
|**Consolidated Cash Flow Statement**|**27**|
|**Notes to the Financial Statements**|**28**|
|**Statement of Financial Activities for 2022-23**|**56**|



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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CHAIRMAN’S FOREWORD FOR THE YEAR ENDED 29 APRIL 2024** 

## **CHAIRMAN’S FOREWORD** 

It gives me great pleasure to introduce Cheadle Masjid’s Annual Report for the year ended 29 April 2024. Established at its current site in 2003, through the grace of Allah (Ta’ala), the Masjid has grown significantly in this time, both in the number of attendees as well as the services provided. The Masjid welcomes thousands of visitors every year, including those attending the daily salah, children attending the Madrassah and special guests and visitors from the wider community. 

Home to a diverse community, the objectives of the Masjid are focussed on the key principles of Islam, to educate, drive community cohesion and serve our people. 

At Cheadle Masjid we strive to follow the Sunnah (prophetic tradition) of our Prophet (peace be upon him) by creating a Masjid which serves the needs of the people. The Prophet’s (peace be upon him) Masjid was a place of prayer, in addition to being a place of education, a place of community action and a place where charity was collected and distributed. We continually strive to operate this model. 

After years of planning, we opened the doors of our new Masjid in July 2023. We are truly blessed to have a built a Masjid that has been entirely funded by the generosity of the local community. 

At Cheadle Masjid we never stand still, and in order to support the growing Muslim community in the Wythenshawe area, we purchased a new site in the area. The facility was used for community purposes previously, and as such we were able to start the daily salat immediately. There are further plans to develop activities at this site further and insha’Allah it will replicate the model of Cheadle Masjid. 

On behalf of the Board of Trustees I express my gratitude to our passionate and dedicated volunteers and staff, who make Masjid the special place that it is. Equally, the Masjid would not be able to provide the range of activities it is synonymous with, without the amazing generosity of the community who continue to show their love and support for the Masjid. As always, we give thanks to Allah (Ta’ala), whose blessings and favour are the reason for all our successes; may He forgive our shortcomings, and grant us even more blessings and success in the future in serving the Cheadle and Wythenshawe communities and beyond. 

**Farooq Rafiq** KS **Chairman, Board of Trustees 28 October 2024** 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **REPORT OF THE BOARD OF TRUSTEES** 

The Trustees (who are also directors of the charity for the purpose of the Companies Act 2006) present their Annual Report together with the Financial Statements of The CMA Welfare Trust (“the CMA”) for the year ending 29 April 2024. 

The Trustees affirm that the Annual Report and financial proclamations of the charitable company and the group comply with the current statutory pre-requisites, the requirements of the charitable company and the CMA’s governing document and the provisions of the Statement of Recommended Practice (SORP) for charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102). 

The Trustees are satisfied with the performance of the CMA during the year and its financial position at 29 April 2024 and consider the CMA is in a strong position to continue its activities in the coming year and that the CMA’s assets are adequate to fulfil its obligations. 

## **Objectives and activities** 

## **Purpose and aims** 

The CMA has developed aims and objectives that are set out below. In terms of setting, reviewing and planning the CMA’s future activities, the Trustees have also given careful consideration to the Charity Commission's general guidance on Public Benefit. Since its inception, the CMA has strived to live up to the values by being a peaceful facility where Muslims can pray and learn while also providing a welcoming environment for the entire community. 

Our vision is to be at the centre of our local community, celebrating the diverse nature of the Muslim community and inspiring all communities to embrace diversity. We are not only a centre of spiritual development, we aim to address community needs, provide a supportive environment to help young people flourish as vibrant British Muslims. We want to help create a cohesive society and achieve a financially sustainable operation. We aim to achieve this by providing community activities which promote the diverse heritage of the local Muslim community and make our activities accessible to all members of the local community. 

Our vision is: 

- To be at the centre of our local community, for both Muslims and non-Muslims; 

- To provide educational classes on Islam and to instil values of a British Muslim; 

- To be a welcoming environment for all and work in partnership with the local community thereby developing community cohesion. 

## **Our objectives** 

Our objectives have been set to reflect both the needs of the Muslim faith and those of the local community. Our dual aims remain to provide a facility where Muslims can worship, as well as providing facilities for the local community (e.g. educational and sports facilities). Our long-term aim is to support both the Muslim and wider community in understanding Islam and promote cohesive working and integration. 

## **Strategies** 

We want our facilities to be open and available to all members of the community, where Muslims and the wider community can come and learn about the teachings of Islam in a positive manner. This is achieved through inviting local children, schools and clubs to the Mosque, hosting inter-faith events and holding events where all the community feel welcome. 

An important facet of the CMA is to cater for both men and women, and ensure there is always adequate provision of facilities and activities for both genders. 

## **Ensuring our work delivers our aims** 

Our objectives are set to reflect our local community aims. Each year the Trustees review our activities and performance to ensure they continue to reflect the long-term vision for the CMA. The review looks at the success of each key activity and the benefits they have brought to the community. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **Use of volunteers** 

Volunteers are an essential part of running weekly activities at the Mosque. Volunteers are involved in all of our faith and community work. We encourage people, particularly those with certain skills, to provide their time on a voluntary basis to ensure their skills are used for the good of the CMA and a cost benefit is provided at the same time. 

All of the Trustees give their time on a voluntary basis. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **STRATEGIC REPORT – ACTIVITIES AND ACHIEVEMENTS** 

## **How our activities provide a public benefit** 

The CMA carries out a wide range of activities in pursuance of its charitable aims. The Trustees consider these activities, summarised below, provide a benefit to those who attend our facilities and the wider community of Cheadle, Heald Green and South Manchester. 

The CMA’s core aim is to connect us with Allah (SWT) so that we may be successful in this life and the hereafter. It also aims to be there to support each and every one of us as we go through the rollercoaster of life. The CMA supports the community through its many services, activities and through the congregation becoming an extended family to many of us. 

As a brief summary, in a typical twelve month period, we have 160,000 visits to the Mosque from those attending the daily Salah, the Jumuah prayers and the many circles and classes that encompass both genders and ages. In addition, the CMA has held numerous Aqiqah’s to celebrate the birth of a child as well as praying for the bereaved when they returned to Allah SWT. This was combined with over fifty Nikkah ceremonies. The Mosque is also are a registered site for civil marriages as we have an in house Registrar. 

As well as supporting with these important life events, the CMA has a weekday and weekend school for children aged between 5 and 12, a selection of youth activities, provides advice and support for those going through difficult times, holds frequent family events, supports both local and international charities and hosts various coffee mornings. 

Our main activities and who we try to help are described in further detail below. 

## **1. MOSQUE AND RELIGIOUS SERVICES** 

The Mosque provides for prayers and activities associated with Islam. During the year ended 29 April 2024 we offered a range of religious services and activities, which included: 

## **a) PRAYER FACILITIES** 

The Mosque is open for five daily prayers, with additional congregations for Friday prayers. During the week we have approximately 200 people that attend daily prayers and approximately 2,000 that attend Friday prayers (across two congregations). We also hold three congregations on each of the two Eid days. 

## **b) RAMADHAN** 

Ramadhan 2024 was the most eventful month in the CMA calendar, with hundreds taking part in prayers every evening. In addition, community iftar’s (meals to break the fast) were held every Saturday, attracting over 400 people each week. 

The prayers were accompanied by beneficial reminders, short lectures and opportunities for the congregation to donate towards various causes. 

I’tikaf (seclusion) was again offered in 2024, with approximately 50 people attending. 

The Masjid carried out the following services and initiatives with great engagement from the community: 

- Family Iftars; 

- The Share Ramadhan 2024 initiative; 

- Had a very successful iftar for the wider community to engage and share our well-respected hospitality. 

## **c) JUMUAH KHUTBA’S** 

Over the year we have 52 Jumuah (Friday) khutbas (sermons). We try and vary our Imams for the khutbas to provide a variety of knowledge sources to the congregation. Our khateeb also attend and support other Mosques as part of our outreach work. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **d) CIVIL MARRIAGE AND NIKKAH’S** 

We conducted over 50 Nikkahs in the period under review, thanks to the premises being a registered site for civil marriage and our in-house Registrar. 

## **e) FUNERALS** 

The Mosque holds funeral prayers when required by the local community, in accordance with the teachings of Islam. With the new facility we are able to conduct the ghusl (bathing) of the deceased at the Mosque. 

## **f) UMRAH AND OVERSEAS VISITS** 

The Masjid continues to provide guided Umrah tours, with the fifth Umrah trip taking place in early 2024. A second youth Umrah is due to take place in October 2024. 

The Masjid also undertook a guided trip to Masjid Al-Aqsa in Jerusalem. 

The feedback received from all trips was exceptionally positive and we aim to continue with both spiritual tours and ones that educate our community about Islamic history on a regular basis. 

## **2. EDUCATION** 

The vision of the CMA’s Madrasah is to produce a generation of Muslims who have a balanced and contextualised understanding of Islam, Muslims who are not only God conscious, but also positively contribute to British society thereby leading purpose-driven lives in a way that promotes peace, harmony, tolerance and justice. 

In order to achieve this vision we have developed a holistic curriculum which not only focuses on the transmission of knowledge, but also focuses on the spiritual and emotional development of the child. Our key focus is on Tarbiyah, as we seek to cultivate and facilitate the spiritual growth of our children. While there are many supplementary schools for Islamic education, we believe the Masjid has a number of unique features, which include: 

- Small class sizes; 

- Interactive lessons utilising some of the latest technology; 

- Activity based learning implementing the latest research in pedagogy and practice; 

- Unique syllabus encompassing Qur’an, Du’a memorisation and Islamic Studies; 

- The weekday school also includes Arabic language as a subject; 

- Focus on ‘living Islam’ through implementing what we learn. 

One of the key objectives of the Madrasah is to engage children in the learning experience and for children to enjoy their time at the Madrasah. This is something which is recognised and appreciated by both the children and parents. Through our weekday and weekend madrasahs we are currently facilitating the learning of over 330 children. 

## **3. STUDY CIRCLES AND MONTHLY TALKS** 

The CMA’s vision has education at its centre – through Islamic education we build that personal relationship with our Lord – hence the wide variety of interesting educational talks and courses for all age groups and genders. 

While we cover the core topics and teachings of Islam, the CMA is brave enough to tackle more difficult and contemporary issues, such as drug use, mental health problems and domestic violence. We believe that we need to address issues that impact society, in particular subjects that can feel taboo in most communities. 

## **a) LADIES CLASSES** 

The ladies at the CMA are extremely active and drive many of the activities at the CMA. There are also a number of dedicated classes for ladies, which include: 

- Ladies Qur’an Tafsir Classes, which run on Mondays and Wednesdays and are some of our most well attended and popular study circles; 

- Al Manhal Tajweed classes; 

- Mother’s and toddlers groups; 

- General study circles on Fridays and Saturdays. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **b) ENGAGING YOUTH** 

The CMA places huge importance in engaging the next generation. There are a number of educational programmes aimed at the youth which are below: 

- Study circles: The CMA has two regular study circles for boys and girls throughout the week; 

- Youth Qiyaams and the Junior leaders course which are covered in the Youth section of the report. 

## **c) STUDY CIRCLES** 

The CMA offers a wide variety of study circles, including: 

Quran recitation and understanding 

- Imam Abdul Ghaffar’s Qur’anic Arabic for Beginners, where no previous knowledge of Arabic required, and Tajweed class; 

- Qur’an Tafsir for adults; 

- Qur’an Club for youth encouraging Hifz of the Qur’an. 

## General Islamic topics (short courses) 

- Fiqh of Death; 

- Hajj seminar; 

- Fiqh of Ramadhan and Zakat; 

- Stories from the Qur’an. 

## **d) MONTHLY TALKS / EVENTS** 

The CMA is committed to ensuring there is also a wide variety of updates and events, that are engaging and reflect current hot topics. We have been fortunate to attract a number of popular scholars and speakers, and some of these events included: 

- Ramadan Preparation; 

- Marriage workshop; 

- Well-being seminars. 

## Contemporary issues 

As well as the talks / events stated above, the CMA is at the forefront in tackling contemporary issues, with a big focus placed on mental health and wellbeing, drug awareness and wider issues facing the youth in our community. Some of the key events held this year include: 

- Brothers in arms (support group for Men); 

- Mental health support sessions; 

- Drug awareness & support sessions. 

## **4. SUPPORTING THOSE IN NEED** 

## **a) GRANTS TO OTHER CHARITIES** 

As a Mosque we are one of a few which allows numerous other charities to have collections on a regular basis. We feel supporting other charities is essential in both supporting those in need and also raising awareness of issues that people are facing both locally and abroad. 

In the year to 29 April 2024, the congregation donated £192,158 (2023: £153,160) to numerous charities, including Islamic Relief and Read Foundation. 

Further details on charities to whom the CMA has provided grants are set out in the notes to the financial statements. 

## **b) FOODBANK** 

Supporting the needy in our local community is critical as a Muslim – so we currently provide food for six local foodbanks. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

Thank you to the community who support this project so that some of the most needy in society can have food on the table. We currently deliver food to Chelwood Foodbank, Copperdale Trust, Tree of Life, Unity Community, Myriad Foundation and The Wellspring who then distribute it those in need. 

## **c) Refugee support** 

The Mosque sponsored a Syrian Refugee through the Government’s Community Refugee Sponsorship Programme for Syrian Refugees. A family of five (a mother with four children) arrived in July 2022 and because of the non-availability of a suitable house in our local area, the family was housed in a three-bedroom property in Heaton Mersey. The family has, Alhamdulillah, settled well into the area with all four children attending the local schools. 

The family were welcomed by a small group of volunteers, who helped them settle into daily life in the UK and the family are now able to live their lives mostly independently. Our small group of volunteers still supports the family, albeit this is limited to schools or medical issues. 

We are grateful to the volunteers and community who have supported the family with settling in to the UK. 

## **d) SOUP KITCHEN** 

The CMA has long been delivering “Curry Nights” to the homeless. We provide monthly curry nights to the homeless/those in need at The Wellspring and Stockport Baptist Church. We cater for around 1,200 people a year and are always looking at expanding this project further. We have to thank the amazing volunteers and those who cook/donate towards the project. 

As has been mentioned before – the best way to educate others around the beauty of Islam is through our practice - just as people were attracted to the Prophet (SAW)’s character, empathy and excellent actions. It is really important that our Islam embodies all our actions. 

## **5. ENGAGING OUR YOUTH** 

The CMA recognises the importance of keeping our youth close to the Mosque, through providing them with activities and classes that attract them and allow them to socialise in a halal environment. To further our activities this year, the CMA has been supported by a Youth team to further enhance these activities and provide additional courses. 

In 2024-24 we aim to further increase the youth activities for both boys and girls. We have recruited new volunteers who are eager to drive activities for our youth and keep them close to the Masjid. 

## **a) YOUTH QIYAAMS** 

We run four Qiyaams every month, for boys aged 10-16 and girls aged 13-19, which are both educational and fun. The programme typically includes talks and activities based on Islamic topics, games, the Qiyaam prayer and food. It is a great opportunity for the youth to build and develop friendships and bring them closer to the Mosque. 

## **b) YOUTH CLUB** 

The CMA runs a weekly club for children where they study Islam in a classroom environment with children their own age. The class also includes a personal development aspect, focusing on developing life skills and good character through interesting workshops and activities. We also offered the youth the chance to get involved in first aid training, map reading, archery, fitness training and much more. 

As the class size in the club is limited to 10 students, focus can be given to each student to guide them as they spiritually and personally develop through the sensitive ages of 11-15. 

## **c) REVISION CLASSES** 

The CMA facilitated maths revision classes for GCSE students, through a qualified teacher. 

## **d) YOUTH CAMPS** 

This year we also took over 100 of our youth to camps in Wales, where they partook in various activities, including watersports and hiking. This was a great opportunity for our youth to experience the outdoors, forge new friendships and connect with Allah (Ta’ala) in a halal environment. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **e) YOUTH SCOUTS** 

In 2023 we established our scouts, and have 42 children attending every week. The aim with the scouts is to provide our youth with a range of activities, that are not only fun but also support with the health and wellbeing. 

## **6. COMMUNITY ACTIVITIES** 

The CMA is committed to providing halal, engaging activities for the whole community. Over the year we have provided numerous events. 

## **a) OPEN DAY** 

Due to the ongoing redevelopment of the site we were unable to hold the Annual Open Day. We hope to recommence the Open Day in 2024. 

## **b) COMMUNITY BREAKFAST** 

The CMA arranged one community breakfast over the year. There was a variety of food and also entertainment for children, including face painting, henna and a science show. 

## **c) RAMADHAN IFTARS AND TALKS** 

Throughout Ramadhan 2024, the CMA held various family talks. These talks brought families together and shared spiritual nourishment through bringing the Qur’an to life and helped the community benefit from the blessings of Ramadhan. 

## **d) LIFESAVERS EVENT** 

For a number of years now, the CMA has been honoured to be part of the Lifesavers Campaign, where Mosques up and down the country opened their doors to training the local community in the art of CPR. We would all agree it is important to know what to do if someone around us collapses or has a cardiac arrest, therefore this training at the Mosque is vital. We expect this training programme to recommence in 2024. 

We have a Community Access Defibrillator installed at the CMA’s premises. This life saving device is for the use of anyone in the community to help a person who has suffered from a cardiac arrest. As part of the British Heart Foundation “CPR” Campaign we have provide two basic life support courses each year. 

## **e) CMA RAMBLING CLUB** 

The CMA Ramblers Club was formed and regular walks have been held with people from across the community. 

## **f) CMA FOOTBALL AND CRICKET** 

As well as the regular sports clubs, the CMA also has football and cricket facilities which are used on a regular basis by the community. 

## **g) CMA BADMINTON CLUB** 

A group from the CMA have set up a badminton club, where a number of regulars get together and play badminton at a local centre most Tuesday evenings. 

## **h) CMA ARCHERY CLUB** 

CMA is proud to be reviving the Sunnah in setting up the archery club. Archery is a mental and physical art, it works on your upper body strength, balance and co-ordination - so is a good sport in getting the community active. It helps the participants to learn to stay focused and is a lot of fun. 

The primary objectives are to: 

- Link our community with the Mosque through this inclusive and open activity; 

- To promote archery within the community as a Sunnah; 

- To promote physical activity and health-keeping the community safe and healthy. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **i) LUNCH FOR THE ELDERS** 

Every week (when the Masjid is open) the CMA hosts lunch for our elders, providing them with a hearty lunch and also an opportunity to meet and spend time with a variety of people. 

## **7. PROMOTING A POSITIVE IMAGE OF ISLAM** 

The CMA and its volunteers were exceptionally busy this year promoting a positive image of Islam, through many events, as set out below. 

## **a) SHARING THE JOY OF EID** 

Eid is a special time for the whole of the Muslim community, and we wanted to share the joy of Eid, through a number of initiatives. These included: 

- Delivering cakes to the emergency services for Eid, which were well received; 

- Delivering presents to children at UHSM, Stepping Hill and Central Manchester Hospitals for Eid – spreading some happiness for those going through a hard time. 

## **b) LOCAL SCHOOLS** 

One of the best ways to promote a better understanding of Islam is through school visits and engaging with local schools in providing advice on religious matters. As an example we actively work with Kingsway School in this area. 

In addition to working closely with schools, our partnerships with local schools mean that the Masjid typically has twenty schools visit us in a normal year, where they can learn about the practical aspects of a Muslim’s life and gaining a better understanding of Islam. 

## **8. COMMUNITY & INTERFAITH EVENTS** 

The CMA is usually active in hosting and attending a number of successful events, which brought together people of all faiths. As Muslims we respect and celebrate the shared values we have with many other faiths, therefore bringing people closer together is always our aim. A few of the activities from the year are set out below: 

- We represented the Muslim Community at seven Remembrance Day Services across the borough. Many Muslim gave their lives in WWII to fight fascism and the Nazi regime, therefore it is important to recognise their sacrifice amongst others; 

- Active participants of the Heald Green Litter Pick; 

- Are part of the organising committee of the Heald Green Festival. 

## **9. REDEVELOPMENT** 

The success of the CMA has become one of our greatest challenges, and as such the old Masjid ended up being at full capacity. The Trustees addressed this issue by deciding to redevelop the site, not only so the congregation could pray under one roof, but also so that the CMA could expand the services provided. Through the grace of Allah (Ta’ala) the new Mosque facility opened in July 2023, after a two year build programme. 

## **The Project** 

The Budget for the redevelopment of the site was originally £5.0 million. The Board of Trustees undertook extensive research and the proposed cost compared favourably to other Mosque’s of similar size and quality. Despite extensive material and labour cost inflation in the past two years (over 10%), the final cost of the build is expected to be £5.25 million (within 5% of the expected budget). 

The funding for this ambitious project has fully come from the community, and throughout the past five years there have been a variety of fundraising campaigns and events, including: 

- Fundraising dinners; 

- Mussalla campaign and Bricks Appeal; 

- Ladies Gala Night, the CMA Cycle Ride to Paris, Scaffel Pike climb, charity car washes, cake sales and many more; and 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

- Online fundraising activities. 

Again, we must thank the community, who have fully supported the fundraising activities. 

## **10. WYTHENSHAWE MUSLIM ASSOCIATION** 

Wythenshawe Muslim Association (WMA) was established in January 2023 in response to the growing needs of the Muslim community in the Wythenshawe area. Since then, WMA has grown rapidly and, in February 2024, established the first-ever Masjid in Wythenshawe. 

Wythenshawe Masjid aims to be an active and vibrant Masjid, sharing the same vision and ethos as its mother organisation, Cheadle Masjid. The aims are to connect people to Allah (SWT) and to establish a confident British Muslim community; we aspire to provide excellence in Islamic education, address community needs and develop community cohesion. 

The Masjid was initially purchased through Qard Hasan (interest free loans) from the local community. It was a blessing that the community was able to recognise the need and come together at very short notice to enable the purchase of this building. The Qard Hassan was repaid in relation to the purchase was repaid in September 2023. By April 2024 Wythenshawe Masjid was self-funding. 

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**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **STRATEGIC REPORT – FINANCIAL REVIEW** 

## **Financial performance** 

The consolidated Statement of Financial Activities for the year ended 29 April 2024 shows group incoming resources of £1.8 million (2023: £2.0 million) and group resources expended of £1.0 million (2023: £0.6 million), generating a surplus of income over expenditure totalling £0.7 million (2023: £1.4 million – excluding the revaluation of investment properties). The main reason for the reduction in the net surplus in the year have been as a result of reduced funds raised for the new building as the required funds were secured part way through the year. 

As a result, the CMA’s Group net assets have increased from £7.7 million as at 29 April 2023 to £8.4 million as at 29 April 2024. 

Included within the group’s net assets is the purchase of seven investment properties which have been acquired over the past ten years. The purpose of these investment properties is to provide income to support the ongoing services the CMA provides. 

## **Investment policy and objectives** 

The Trustees are authorised under the Memorandum and Articles of Association to make and hold investments using the general funds of the CMA in any way that is in accordance with the objectives of the CMA. No financial investments are presently held. 

As at 29 April 2024 the CMA had invested a total of £1.4 million in acquiring seven residential properties for the CMA in the local area (29 April 2023: £1.2 million), with the long term aim of these investments to provide the CMA with a sustainable revenue source to allow the CMA to become self-sufficient in the long term. Based on revaluations undertaken by a third party, the value of these properties has increased to £1.7 million at 29 April 2023. Based on a desk-top survey the Trustees have concluded the properties should be maintained at this value at 29 April 2024. 

In the year ended 29 April 2024 rental income from the properties held generated £59,200 in rental income (2023: £48,350). 

## **Principal funding sources** 

The CMA is primarily funded through the generous donations of local community members. Donations and income from unrestricted donations increased in the year ended 29 April 2024, with £0.8 million unrestricted income received in the year (2023: £0.6 million). The strong income generated in the year demonstrated the strong support the community continues to provide to the CMA and in support of its ongoing activities. 

Restricted income of £1.0 million in the year ended 29 April 2024 (2023: £1.4 million) relate to donations made in relation to specific appeals in respect of the redevelopment of the existing facility, the purchase of the new site in Wythenshawe and also by a number of UK registered charities and not for profit organisations. 

## **Grant making policy** 

In 2024, £192,158 (2023: £153,160) was given in grants to eight UK registered charities and not for profit organisations. The CMA provides grants to partner organisations for the following reasons: 

1. Primarily to distribute funds which have been donated specifically for Zakat (obligatory charitable donations to the needy) and cannot be utilised by the CMA; 

2. To distribute funds, which have been specifically donated for charitable projects the CMA does not operate; 

3. To support local communities who are in need of charitable funds (particularly in support of health and social and welfare programmes). 

Our selection of partners is informed by, a set of clear procedures and principles. Partners are chosen on the basis that their overall objectives are consistent with the CMA or they have a track record of being able to deliver aid to those in need in line with Islamic principles. Before selecting a partner organisation the CMA undertakes due diligence of the partner organisation (including a review of the key objectives, projects and management) to ensure the proposed partner is able to deliver against the terms of the grant. 

Page 13 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **Reserves policy** 

The CMA recognises the importance of maintaining sufficient reserves. These funds are freely available to spend on any of the CMA’s purposes and hence exclude restricted funds. They are used to mitigate any significant reductions in income or unexpected expenditure required. 

The CMA faces a number of risks that may result in the need to use the CMA’s reserves, these include: 

1. Reduction in donations from the congregation / members of the public; 

2. External factors impacting the CMA, such as Living Wage increases or increases in utility bills. 

Reserves are represented by the fund balances as disclosed in the Group balance sheet within the financial statements section. 

The CMA has unrestricted reserves (reserves which do not carry any restrictions on how they can be used) of £8.3 million at 29 April 2024 (2023: £7.9 million). In assessing the CMA’s level of free reserves at 29 April 2024, fixed assets totalling £8.2 million have been excluded, leaving £0.1 million of free unrestricted reserves. 

The Trustees maintain available unrestricted reserves to provide coverage for approximately four to six months of ongoing running costs. It is the Trustees view that this amount means the CMA has a balanced approach between having funds available to run the Mosque on a day to day basis and keeping funds aside in case any of the risks mentioned below materialise. The Trustees also believe this level of reserves provides the CMA with adequate financial stability and the means to meet its charitable objectives for the future. 

We have seen a continual increase in the social footprint of the organisation over the last few years. This has resulted from increasing activities offered to the local community and the increased awareness of the CMA’s activities from the local community. As a result of the increasing number of activities undertaken at the Mosque, the Trustees redeveloped the existing facilities. 

The CMA raised funds for this specific purpose, and there were £0.1 million of restricted reserves in relation to these projects at 29 April 2024 (2023: £(0.2) million). 

The level of reserves is reviewed annually to ensure they align with the key risks the CMA faces. 

The Trustees are satisfied that the CMA’s assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## **Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the CMA has adequate resources to continue its operations for the foreseeable future. For this reason the Trustees have continued to adopt a going concern basis concept in preparing the financial statements. 

## **Principal risks and uncertainties** 

The Board of Trustees has responsibility for ensuring effective risk management and systems of internal control in place to manage the CMA and group’s major risks and support the achievement of the CMA’s strategic aims. The CMA maintains a risk register of potential risks, with the principal risks to the CMA’s objectives and how these are managed set out below. 

## Safeguarding of vulnerable and young people 

Risk concerning the safeguarding of vulnerable and young people includes negligence in relation to safeguarding policies or when practice results in or contributes to serious harm or injury to a young person or vulnerable adult and damages the CMA’s reputation. 

Risk concerning the safeguarding of vulnerable and young people is managed by safeguarding training for all employees directly working with vulnerable and young people. The CMA also carries out statutory DBS checks on all employees and volunteers who work directly with vulnerable and young people. 

Page 14 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## Financial performance and sustainability 

Risk concerning financial performance and sustainability includes any significant reduction in fundraising due to economic conditions, with the impact of this risk being the CMA’s ability to provide the services required by the CMA’s users and fulfil its strategic objectives. 

Risks concerning financial performance and sustainability is managed by the holding of adequate reserves and a regular review of these reserves to ensure they remain in line with the targets set by the Trustees. The financial performance of the CMA is regularly reviewed by the Board of Trustees to manage the financial position of the CMA. 

## Security 

Threats from the far right and extremists remain a threat to the attendees of the Mosque. Over the past few years we have seen an increase in Islamophobia, that came to the fore in the horrific massacre at a Mosque in New Zealand. Due to the increasing threat faced by Muslims, the CMA has invested in increased security personnel and equipment in order to provide continuing protection to our attendees. Security management continues to be monitored on a monthly basis, and the CMA are continue to take advice from experts on how this can be improved at the existing facility and the proposed new facility. 

## Information security 

Risk concerning information security includes serious data protection or security failure which may result in legal and contractual issues, reputational damage and potential fines or losses of income. 

Risk concerning information security is managed by having a structure in place for Data Protection Act monitoring and compliance and by frequent testing of the IT systems in place to identify and significant flaws in the system. 

## **STRATEGIC REPORT – FUTURE PLANS** 

The CMA’s plans for the future are to continue to expand the services and activities offered in the community and to young people, and to review our organisational structure to ensure we can deliver our long term strategy. 

## Community and youth work 

We continue to expand our activities in the community and for the local youth, through increased dialogue with local religious and non-religious groups as well as providing increasing educational and sporting activities for the local youth. 

## Strategic review 

During 2024 we have continued to develop our strategy, in particular considering the organisational structure that is required to deliver that strategy. We will continue to develop our plans around the future organisational structure throughout 2024. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The CMA was incorporated on 10 April 2003 as CMA Custodian Trust, a company limited by guarantee (company number 4730509), and has been granted charitable status under The Charities Act (registration number 1099574). The CMA's name was changed to The CMA Welfare Trust on 8 September 2003. 

The CMA is governed by a Memorandum and Articles of Association (amended by special resolutions dated 15 and 31 August 2003, 20 June 2016 and 24 October 2019). There are no specific restrictions imposed on how the CMA should operate to achieve its objectives. However, the income and assets of the CMA must be applied solely for the purpose of achieving its objectives. 

## **Recruitment and appointment of Trustees** 

The existing members are responsible for the recruitment of new Trustees but in doing so the members adhere to the governing documents, and additionally seek the views and recommendations of respected community members, who are regular attendees of the CMA’s facilities. Trustees are selected on the basis of their skills, experience, and the needs of the CMA and company. 

Page 15 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

In selecting new Trustees, the CMA seeks to identify people who regularly attend events and functions organised by the CMA and are willing to volunteer to help in the local community. New Trustees are selected on the basis of their skills, experience and qualifications in order to further enhance the existing management team. 

## **Induction and training and of Trustees** 

Potential Trustees are initially invited to attend Trustees meetings as observers and are given further details of the CMA’s objectives and activities. Subsequently if both the existing Trustees and proposed new Trustee agree, then s/he is proposed as a new Trustee after observing a minimum of three meetings and completion of an eligibility declaration. This process allows due consideration of the person’s commitment, personal competence and specialist knowledge and skills. 

New Trustees are briefed on their legal commitments under charity law, the content of the Memorandum and Articles of Association, the decision making process and the recent financial performance of the CMA. Dependant on the proposed area of focus of new Trustees, there is additional guidance provided on their proposed role and area of focus. Initially new Trustees work closely with an existing Trustee assisting on various projects. Following a probationary period, new Trustees are then permitted to lead projects or given an area of focus they are able to lead. 

Trustees are also encouraged to attend relevant briefings, external courses and review relevant materials where these will facilitate the undertaking of their role. 

## **Organisational structure and decision making** 

The CMA has one wholly owned subsidiary, CMA Design and Built Ltd, which is incorporated in England and Wales (Company No: 11448447). The financial statements represent the consolidated financials of The CMA Welfare Trust Limited and CMA Design and Built Ltd (“Group”). The nature of the subsidiary’s business is set out in the notes to the financial statements. 

The overall management and control of the CMA is the responsibility of the Trustees who give their time freely and receive no remuneration or other benefits for carrying out their role. The Trustees meet together as a body on a fortnightly basis and are responsible for all decisions taken in relation to running the CMA and its facilities and activities. 

The Trustees deal with matters pertaining to both long term and short term strategies and key targets. The Trustees also deal with major decision making including the use of financial and other resources and the agreement of budgets for projects and operations. 

To assist in the smooth running of the CMA in the day to day management of the facilities and co-ordinating daily activities, the Trustees are supported by a group of dedicated volunteers who donate their time at no cost. The CMA has established working groups, which generally comprise of between one or two Trustees and a number of volunteers to support the diverse operations of the CMA. 

The CMA also had four employees in the year ended 29 April 2024, an Imam, a Director of Education, an administrator and a cleaner. The employees of the CMA are responsible for undertaking the day to day activities of the CMA. 

## **Key Management Remuneration** 

In the Trustees’ opinion, the key management personnel of the CMA responsible for the direction, control, running and operation of the CMA on a day to day basis consists of the Board of Trustees and all three employees. 

Key management personnel - Trustees 

The Trustees receive no remuneration in respect to the services they provide to The CMA Welfare Trust. 

Details of Trustees’ expenses and related party transactions are disclosed in notes 10 and 22 to the financial statements. 

- Key management personnel Employees 

The pay of the CMA’s staff is reviewed annually and normally increased based upon the financial position of the CMA and the cost of living. 

Page 16 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **Risk management** 

The Trustees have assessed the major risks to which the CMA and the Group is exposed, with the key risks relating to reputational risk, financial management, operational risk and governance. The Trustees maintain a risk register setting out these risks in detail, and are satisfied that the CMA has policies, procedures and systems in place to mitigate the exposure to significant risks. 

## **Fundraising** 

The majority of the CMA’s income comes from voluntary donations from our supporters. Through the fundraising efforts of our staff, volunteers and supporters we generate the funds to allow us to provide our services. We have a wide portfolio of fundraising activities to generate voluntary donations towards the services we provide. The Board of Trustees is committed to building trust with our supporters and has a high level of oversight over our fundraising activities to ensure compliance and best practice in these areas. 

We continue committed to addressing feedback from our supporters and to examine ways to improve the levels of service to them. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company Number** 

04730509 

## **Registered Charity Number** 

1099574 

## **Registered Office** 

377 Wilmslow Road Heald Green Cheadle SK8 3NP 

## **Names** 

The CMA Welfare Trust Limited, is also known under the following names: 

1. CMA; 

2. Cheadle Mosque; 

3. Cheadle Masjid. 

## **Trustees** 

Farooq Rafiq Saima Ahmed Mohammad Saeed Akhtar Tariq Masaud Anwar Umar Aziz Usman Choudry Fawzi Haffar Nasar Malik (appointed March 2024) Rifat Mirza Atif Rulal 

Page 17 



## **THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

## **Chairman** 

Farooq Rafiq (appointed October 2023) 

## **Senior statutory auditor** 

Waqqas Shabir Memon 

## **Independent auditors** 

MMBA London Limited 16 Upper Woburn Place London England WC1H 0AF 

## **Bankers** 

Al-Rayan Bank 601 Stockport Road Longsight Manchester M13 0RX 

Santander UK Plc 712-716 Wilmslow Road Manchester M20 6DQ 

Royal Bank of Scotland 467 Wilmslow Road Withington Manchester M20 6DQ 

Natwest Bank 11 Spring Gardens Manchester M2 1FB 

## **STATUTORY RESPONSIBILITIES** 

## **Statement of Trustees Responsibility** 

The Trustees (who are also the directors of The CMA Welfare Trust for the purposes of company law) are responsible for preparing the Report of the Board of Trustees and financial statements in accordance with applicable law and UK Generally Accepted Accounting Practice, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. 

Company and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CMA as at the end of the financial year and of the surplus or deficit of the CMA. 

In preparing the Report of the Trustees and those financial statements the Board of Trustees is required to provide explanations for each financial year which provide an accurate and reasonable perspective of the situation of the CMA and the approach to utilising the assets of the CMA (including income and expenditure). In providing these proclamations, the Trustees are required to: 

1. select suitable accounting policies and apply them consistently; 

2. observe the methods and principles in the Charities SORP; 

3. make judgements and estimates that are reasonable and prudent; 

Page 18 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 29 APRIL 2024** 

4. state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

5. prepare the financial statements on a going concern basis unless it is inappropriate to presume the charitable group will continue in operation. 

The Trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the CMA and which are sufficient to show and explain the CMA's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the CMA and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that: 

- So far that each Trustee is aware, there is no relevant audit information of which the CMA and Group’s auditors are unaware; and 

- That each Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any information needed by the CMA’s and group’s auditors in connection with preparing their report and to establish that the CMA and Group’s auditors are aware of that information. 

## **Auditors** 

The auditors, MMBA London Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. 

Approved by order of the Board of Trustees on 28 October 2024 and signed on its behalf by: 

. Farooq Rafiq Trustee and Director 28 October 2024 

Page 19 



**REPORT OF THE INDEPENDENT AUDITOR’S TO THE MEMBERS OF THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **Independent Auditor’s Report** 

## **Opinion** 

We have audited the financial statements of The CMA Welfare Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 29 April 2024 which comprise the group statement of financial activities and Income and Expenditure Account, the group and Charity statement of financial position, the group and charity Statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion, the financial statements: 

- give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 29 April 2024 and its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Principles; 

- have been prepared in accordance with the requirements of the Companies Act 2006; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Trustees' annual report use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinion on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of our audit: 

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements. 

Page 20 



**REPORT OF THE INDEPENDENT AUDITOR’S TO THE MEMBERS OF THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- proper and adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; 

- the parent charitable company's financial statements are not in agreement with the accounting records and returns; 

- certain disclosures of trustees' remuneration specified by law are not made; 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. 

## **Auditor's responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect there under. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud** 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: 

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and the sector in which it operates. We determined that the following laws and regulations were most significant: The Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), Charities SORP (FRS 102), the Companies Act 2006, Charities Act 2011, Data Protection Act 2018 and The Charities (Protection and Social Investment) Act 2016. 

- We understood how the group is complying with these legal and regulatory frameworks by making inquiries of management and those charged with governance. We enquired of management and those charged with governance whether there were any instances of noncompliance with laws and regulations, or whether they had any knowledge of actual or suspected fraud. We corroborated the results of our enquiries through our review of board and other minutes and through our legal and professional expenses review. 

- We assessed the susceptibility of the group's financial statements to material misstatement, including how fraud might occur and the risk of material override of controls. 

Page 21 



**REPORT OF THE INDEPENDENT AUDITOR’S TO THE MEMBERS OF THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

Audit procedures performed by the engagement team included: 

   - identifying and assessing the design effectiveness of certain controls management has in place to prevent and detect fraud 

   - challenging assumptions and judgements made by management in its significant accounting policies 

   - `o` identifying and testing journal entries, with a focus on unusual journals with specific risk characteristics and large value journals 

   - Identifying and testing related party transactions 

   - inspecting the board and other committee minutes 

   - assessing the extent of compliance with the relevant laws and regulations as part of our procedures on the related financial statement item. 

- These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. However, detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as those irregularities that result from fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. 

- Assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s: 

   - understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation. 

   - knowledge of the charity sector. 

   - understanding of the legal and regulatory requirements specific to the group including: 

      - the provisions of the applicable legislation 

      - guidance issued by the Charity Commission. 

- The team communications in respect of potential non-compliance with relevant laws and regulations included the potential for fraud in revenue through manipulation of income and management override of controls: and 

- In assessing the potential risks of material misstatement, we obtained an understanding of: 

   - the group's operations, including the nature of its income and expenditure and its services and of its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement 

   - the group's control environment, including: 

      - the policies and procedures implemented by the group to ensure compliance with the requirements of the financial reporting framework and relevant laws and regulations 

      - the adequacy of procedures for authorisation of transactions and review of management accounts 

      - procedures to ensure that possible breaches of laws and regulations are appropriately resolved. 

## **Use of our report** 

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act as well as Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. 

**Mr. Waqqas Shabir Memon, BSc, FCCA (Senior Statutory Auditor) for and on behalf of MMBA London Limited** 

5 November 2024 

**Chartered Certified Accountants & Statutory Auditors** 

Page 22 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 29 APRIL 2024** 

## **Consolidated Statement of Financial Activities** 

|**_Note_**<br>**INCOME AND**<br>**ENDOWMENTS**<br>Donations and legacies<br>_2_<br>Charitable activities<br>_3_<br>Waqf rent receivable<br>_4_<br>Other income<br>_5_<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Raising funds<br>_6_<br>Charitable activities<br>_7_<br>Support costs<br>_8_<br>**TOTAL EXPENDITURE**<br>Investment property revaluation<br>**NET INCOME /**<br>**(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>Transfer between funds<br>**TOTAL FUNDS CARRIED FORWARD**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>374,640<br>977,330<br>**1,351,970**<br>162,851<br>19,585<br>**182,436**<br>58,000<br>1,200<br>**59,200**<br>159,439<br>100<br>**159,539**<br>**754,930**<br>**998,215**<br>**1,753,145**<br>(5,351)<br>(1,991)<br>**(7,342)**<br>(345,939)<br>(218,118)<br>**(564,057)**<br>(243,473)<br>(217,241)<br>**(460,714)**<br> **(594,763)**<br>**(437,350)**<br>**(1,032,113)**<br>-<br>-<br>**-**<br>**160,168**<br>**560,864**<br>**721,032**<br>7,890,029<br>(174,021)<br>**7,716,008**<br>317,214<br>(317,214)<br>**-**<br>**8,367,411**<br>**69,629**<br>**8,437,040**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>374,640<br>977,330<br>**1,351,970**<br>162,851<br>19,585<br>**182,436**<br>58,000<br>1,200<br>**59,200**<br>159,439<br>100<br>**159,539**<br>**754,930**<br>**998,215**<br>**1,753,145**<br>(5,351)<br>(1,991)<br>**(7,342)**<br>(345,939)<br>(218,118)<br>**(564,057)**<br>(243,473)<br>(217,241)<br>**(460,714)**<br> **(594,763)**<br>**(437,350)**<br>**(1,032,113)**<br>-<br>-<br>**-**<br>**160,168**<br>**560,864**<br>**721,032**<br>7,890,029<br>(174,021)<br>**7,716,008**<br>317,214<br>(317,214)<br>**-**<br>**8,367,411**<br>**69,629**<br>**8,437,040**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>374,640<br>977,330<br>**1,351,970**<br>162,851<br>19,585<br>**182,436**<br>58,000<br>1,200<br>**59,200**<br>159,439<br>100<br>**159,539**<br>**754,930**<br>**998,215**<br>**1,753,145**<br>(5,351)<br>(1,991)<br>**(7,342)**<br>(345,939)<br>(218,118)<br>**(564,057)**<br>(243,473)<br>(217,241)<br>**(460,714)**<br> **(594,763)**<br>**(437,350)**<br>**(1,032,113)**<br>-<br>-<br>**-**<br>**160,168**<br>**560,864**<br>**721,032**<br>7,890,029<br>(174,021)<br>**7,716,008**<br>317,214<br>(317,214)<br>**-**<br>**8,367,411**<br>**69,629**<br>**8,437,040**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**|
|||||**1,828,655**<br>**98,438**<br>**48,350**<br>**67,089**|
|||||**2,042,532**|
||||||
|||||**(43,438)**<br>**(412,040)**<br>**(173,562)**|
|||||**(629,040)**|
||||||
|||||**474,659**|
|||||**1,888,151**|
||||||
|||||**5,827,857**<br>**-**|
||**8,367,411**|**69,629**|**8,437,040**|**7,716,008**|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. The Statement of Financial Activities includes all gains and losses recognised in the year. 

Page 23 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT (AS REQUIRED BY THE COMPANIES ACT 2006) FOR THE YEAR ENDED 29 APRIL 2024** 

|**Income and Expenditure Account (As Required by the Companies Act 2006)**<br>**2023-24**<br>**£**<br>**Income**<br>Income from operations<br>1,693,946<br>**Investment income**<br>Income from investment, other than interest received<br>59,200<br>**Gross income in the year before exceptional**<br>**items**<br>**1,753,146**<br>**Expenditure**<br>Charitable expenditure, excluding amortisation and depreciation<br>(879,729)<br>Fundraising costs<br>(7,342)<br>Governance costs<br>(4,698)<br>Depreciation<br>(140,345)<br>Investment property revaluation<br>-<br>**Total expenditure in the year**<br>**(1,032,114)**<br>**Net income before tax in the financial**<br>**year**<br>**721,032**<br>Tax on surplus on ordinary activities<br>-<br>**Net income after tax in the financial year**<br>**721,032**<br>**Retained surplus for the financial year**<br>**721,032**||
|---|---|
||**2022-23**|
||**£**<br>1,994,182<br>48,350|
||**2,042,532**|
|||
||(567,964)<br>(43,438)<br>(4,284)<br>(13,354)<br>474,659|
||**(154,381)**|
|||
||**1,888,151**|
|||
||-|
||**1,888,151**|
|||
||**1,888,151**|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

The Statement of Financial Activities includes all gains and losses recognised in the year. 

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the CMA's activities. 

Page 24 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CONSOLIDATED BALANCE SHEET AT 29 APRIL 2024** 

## **Consolidated Balance Sheet** 

|**Consolidated Balance Sheet**|||||||
|---|---|---|---|---|---|---|
|||**29 April 2024**||||**29 April**<br>**2023**|
|||**Unrestricted**<br>**funds**|**Restricted**<br>**funds**|**Total**<br>**funds**||**Total**<br>**funds**|
|**FIXED ASSETS**|**_Notes_**|**£**|**£**|**£**||**£**|
|Tangible assets|_13_|6,353,591|-|6,353,591||5,934,286|
|Investments held as fixed assets|_14_|1,883,457|-|1,883,457||1,650,000|
|||**8,237,048**|**-**|**8,237,048**||**7,584,286**|
|**CURRENT ASSETS**|||||||
|Debtors|_15_|53,960|-|53,960||209,991|
|Cash at bank and in hand|_16_|430,174|75,907|506,081||728,187|
|||**484,134**|**75,907**|**560,041**||**938,178**|
|**CURRENT LIABILITIES**|||||||
|Creditors: amounts falling due within one year|_17_|(360,048)|-|(360,048)||(528,008)|
|||**(360,048)**|**-**|**(360,048)**||**(528,008)**|
||||||||
|**NET CURRENT ASSETS**||**124,087**|**75,907**|**199,994**||**410,170**|
|Creditors: amounts falling after one year|_18_|-|-|-||(278,447)|
|**TOTAL NET ASSETS**||**8,361,134**|**75,907**|**8,437,041**||**7,716,009**|
|**FUNDS**|||||||
|Unrestricted funds|_20_|8,361,134|-|8,361,134||7,890,031|
|Revaluation reserve|_20_|-|-|-||-|
|Restricted funds|_20_|-|75,907|75,907||(174,022)|
|**TOTAL FUNDS**||**8,361,134**|**75,907**|**8,437,041**||**7,716,009**|



These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. 

The financial statements were approved by the Board of Trustees on 28 October 2024 and signed on its behalf by: 

…………………………………………….. 

Umar Aziz, Trustee 

Page 25 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **COMPANY BALANCE SHEET AT 29 APRIL 2024** 

|**Company Balance Sheet**|||||||
|---|---|---|---|---|---|---|
|**Company Balance Sheet**||**29 April 2024**||||**29 April 2023**|
|||**Unrestricted**<br>**funds**|**Restricted**<br>**funds**|**Total**<br>**funds**||**Total**<br>**funds**|
|**FIXED ASSETS**|**_Notes_**|**£**|**£**|**£**||**£**|
|Tangible assets|_13_|6,353,691|-|6,353,691||5,974,386|
|Investments held as fixed assets|_14_|1,883,457|-|1,883,457||1,650,000|
|||**8,237,148**|**-**|**8,237,148**||**7,624,386**|
|**CURRENT ASSETS**|||||||
|Debtors|_15_|44,620|-|44,620||6,933|
|Cash at bank and in hand|_16_|426,280|75,907|502,187||681,809|
|||**470,900**|**75,907**|**546,807**||**688,742**|
|**CURRENT LIABILITIES**|||||||
|Creditors: amounts falling due within one|||||||
|year|_17_|(346,914)|-|(346,914)||(318,672)|
|||**(346,914)**|**-**|**(346,914)**||**(318,672)**|
||||||||
|**NET CURRENT ASSETS**||**123,986**|**75,907**|**199,893**||**370,070**|
|Creditors: amounts falling after one year|_18_|-|-|-||(278,447)|
|**TOTAL NET ASSETS**||**8,361,134**|**75,907**|**8,437,041**||**7,716,009**|
|**FUNDS**|||||||
|Unrestricted funds|_20_|8,361,134|-|8,361,134||7,883,753|
|Revaluation reserve|_20_|-|-|-||-|
|Restricted funds|_20_|-|75,907|75,907||(167,744)|
|**TOTAL FUNDS**||**8,361,134**|**75,907**|**8,437,041**||**7,716,009**|



The financial statements were approved by the Board of Trustees on 28 October 2024 and signed on its behalf by: 

…………………………………………….. 

Umar Aziz 

Trustee 

Page 26 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 29 APRIL 2024** 

|Notes<br>**Cash flow from operating activities**<br>Cash generated from operations<br>(a)<br>**Net cash provided by (used in) operating**<br>**activities**<br>**Cash flow from investing activities**<br>Purchase of tangible fixed assets<br>Purchase of investments<br>**Net cash provided by (used in) investing**<br>**activities**<br>**Cash flow from financing activities**<br>Financing cash flows<br>**Change in cash and cash equivalents in the reporting period**<br>**Cash and cash equivalents at the beginning of the reporting**<br>**period**<br>**Cash and cash equivalents at the end of the reporting period**|**2023-24**<br>**£**<br>854,548<br>**854,548**<br>(571,349)<br>(233,457)<br>**(804,806)**<br>(271,847)<br>**(222,105)**<br>728,187<br>**506,082**|**2022-23**|
|---|---|---|
|||**£**<br>1,558,875|
|||**1,558,875**|
|||(3,622,862)<br>-|
|||**(3,622,862)**|
||||
|||458,447|
|||**(1,605,540)**|
||||
|||2,333,727|
||**506,082**|**728,187**|



Page 27 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023** 

## **(a) RECONCILIATION OF NET INCOME / (EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**Net income for the reporting period**<br>**(as per the statement of financial activities)**<br>**Adjustments for:**<br>Depreciation charges<br>Asset disposals<br>Revaluation of investment properties<br>Decrease / (increase) in debtors<br>(Decrease) / increase in creditors<br>**Net cash provided by (used in) operating activities**|**2023-24**<br>**£**<br>**721,032**<br>140,345<br>11,600<br>-<br>156,030<br>(174,459)<br>**854,548**|**2022-23**|
|---|---|---|
|||**£**<br>**1,888,151**<br>13,354<br>(474,659)<br>(45,169)<br>177,199|
||**854,548**|**1,558,876**|



Page 28 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **1. ACCOUNTING POLICIES** 

## **GENERAL INFORMATION AND BASIS FOR PREPARING THE FINANCIAL STATEMENTS** 

The CMA Welfare Trust (“CMA”) is a company limited by guarantee and is registered in England and Wales. The company number and charity registered numbers are shown on the front cover of these financial statements. The principal activity undertaken by the CMA is detailed in the Trustees’ Report. 

The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities reporting their accounts in accordance with the Financial Reporting Standards in the UK and the Republic of Ireland (FRS102) (effective from 1 January 2019 (Charities SORP (FRS 102)), the Financial Reporting Standards in the UK (FRS102) and the Companies Act 2006. 

The CMA meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value, unless otherwise stated in the relevant accounting policy. The financial statements are presented in sterling which is the functional currency of the CMA, rounded to the nearest £1. 

The Statement of Financial Activities (“SOFA”) and the Balance Sheet consolidate the results of the charitable company and its subsidiary undertaking. The results of the subsidiary undertaking are consolidated on a line by line basis. 

No separate SOFA has been presented for the charitable company alone as permitted by section 408 of the Companies Act 2006. 

## **JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY** 

In the application of the CMA’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

The key source of estimation uncertainty within the financial statements relates to allocation of expenditure, where it relates to more than one cost category. See expenditure section below. 

## **INCOME** 

All incoming resources are included in the SOFA when the CMA has entitlement to those funds, certainty of receipt and the amount can be measured with sufficient reliability. 

## _Donated facilities and services_ 

Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the CMA where this can be qualified and a third party is bearing the cost. 

Donated services are included at a valuation which is the estimated cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party. 

No amounts are included in the financial statements for services donated by volunteers. 

## _Waqf rent receivable_ 

Waqf rent receivable relates to rental income from the investment properties held by the CMA. Rental income is included in the year in which it is receivable. 

## _Investment income_ 

Investment income is earned through holding assets for investment purposes, mainly holding cash on deposit. Interest income (profit on cash deposits held with Al-Rayan Bank) is recognised using the effective interest method. 

Page 29 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **EXPENDITURE** 

Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committing the CMA to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the uses of resources. 

Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. 

Grants offered subject to conditions which have not been met at the year-end dated are noted as a commitment but not accrued as expenditure. 

## **EMPLOYEE BENEFITS** 

When employees have provided services to the CMA, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. 

For defined contribution schemes the amount charged to the SOFA in respect of pension costs and other postretirement contributions is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance. 

## **PENSION COSTS AND POST RETIREMENT BENEFITS** 

The CMA operates a defined contribution pension scheme. Contributions payable to the CMA’s pension scheme are charged to the SOFA in the period to which they relate. 

## **OPERATING LEASES** 

Rentals under operating leases are charged to the SOFA on a straight line basis over the lease term. 

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the rent is expected to be adjusted to the prevailing market rate. 

## **INTEREST FREE LOANS.** 

The Charity uses interest free loans from members of the Community to fund specific projects. Loans are typically taken for a one year period, and are always unsecured and undertaken on an interest free basis. 

## **CONTINGENT LIABILITIES** 

There are no contingent liabilities at the balance sheet date. 

## **TAXATION** 

The CMA is exempt from corporation tax on its charitable activities. 

## **FUND ACCOUNTING** 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the CMA and which have not been designated for other purposes. 

Designated funds are unrestricted funds that have been set aside by the Trustees for particular purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CMA for particular purposes. The costs of raising and administering such funds are charged against the specific fund. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

Page 30 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **TANGIBLE FIXED ASSETS** 

Tangible fixed assets are stated at original cost less depreciation. Cost includes all expenditure in bringing the asset into its intended working condition. 

Depreciation is provided at the rates calculated to write off the fixed assets, less their estimated residual value, over the expected useful lives on the following basis: 

Land - nil Buildings - 2% straight line Assets under the course of construction - nil Fixtures & fittings - 10% straight line IT equipment - 10% straight line Motor vehicles - 10% straight line 

Following the completion of the redevelopment, the Trustees have evaluated each asset and modified the depreciation rates for fixtures and fittings, IT Equipment and Motor Vehicles to reflect their expected lifespan. From 2023-24 onwards, these assets will be depreciated on a straight line basis over ten years (previously depreciated at 15% on a reducing level). As the assets are all new following the redevelopment of the facility, and the majority of manufacturers indicate a ten year life-span, the depreciation policy has been updated to reflect this timespan. 

## **INVESTMENTS HELD AS FIXED ASSETS** 

The investments held as fixed assets relate to seven investment properties held as Waqf’s. The investments properties are originally measured at fair value, which is the transaction price, including transaction costs. Subsequently, they are measured at fair value and fair value gains and losses are reported in the SOFA. 

The fair value of the investment properties was determined by a qualified independent third party in May 2023. The Trustees have undertaken a desktop valuation in May 2024 using an online property valuation tool (Zoopla), and based on this valuation the Trustees have concluded the independent valuations undertaken in May 2023 are still appropriate. 

The Charity has no contractual obligations to purchase, construct, develop or enhance investment properties. The Charity is responsible for ensuring the investment properties are maintained to an appropriate standard for the tenants of the property. 

## **DEBTORS** 

Debtors are measured at their recoverable amounts at their balance sheet date. 

## **FINANCIAL INSTRUMENTS** 

The CMA only has financial assets and liabilities of a kind which qualify as basic financial instruments. 

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. 

## **COMPANY STATUS** 

The CMA is a company limited by guarantee. At 29 April 2024 there are forty-one members of the CMA, including the Trustees named in the Trustees’ report. In the event of the CMA being wound up the liability in respect of the guarantee is limited to £1 per member. 

Page 31 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **2. INCOME FROM DONATIONS AND LEGACIES (CONSOLIDATED AND COMPANY)** 

|Donations<br>Grants received<br>Gift Aid<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**Funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>273,600<br>899,563<br>1,173,163<br>91,381<br>-<br>91,381<br>9,659<br>77,767<br>87,426<br>**374,640**<br>**977,330**<br>**1,351,970**|**2022-23**|
|---|---|---|
|||**Total**|
|||**funds**|
|||**£**|
|||1,731,248<br>48,322<br>49,085|
|||**1,828,655**|



## **3. INCOME FROM CHARITABLE ACTIVITIES (CONSOLIDATED AND COMPANY)** 

|Madrassah fees<br>Islamic course fees<br>Other event fees<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>160,588<br>-<br>160,588<br>2,263<br>-<br>2,263<br>-<br>19,585<br>19,585<br>**162,851**<br>**19,585**<br>**182,436**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>160,588<br>-<br>160,588<br>2,263<br>-<br>2,263<br>-<br>19,585<br>19,585<br>**162,851**<br>**19,585**<br>**182,436**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>160,588<br>-<br>160,588<br>2,263<br>-<br>2,263<br>-<br>19,585<br>19,585<br>**162,851**<br>**19,585**<br>**182,436**|**2022-23**|
|---|---|---|---|---|
|||||**Total**|
|||||**funds**|
|||||**£**<br>74,348<br>4,251<br>19,839|
||**162,851**|**19,585**|**182,436**|**98,438**|



## **4. WAQF RENT RECEIVABLE (CONSOLIDATED AND COMPANY)** 

|Rents received<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>58,000<br>1,200<br>59,200<br>**58,000**<br>**1,200**<br>**59,200**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>58,000<br>1,200<br>59,200<br>**58,000**<br>**1,200**<br>**59,200**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>58,000<br>1,200<br>59,200<br>**58,000**<br>**1,200**<br>**59,200**|**2022-23**|
|---|---|---|---|---|
|||||**Total**|
|||||**funds**|
|||||**£**|
|||||48,350|
||**58,000**|**1,200**|**59,200**|**48,350**|



Page 32 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **5. OTHER INCOME (CONSOLIDATED AND COMPANY)** 

|Car park rent<br>Nikkah income<br>Advertising<br>Food sales<br>Events<br>Members donations<br>Other income<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>5,760<br>-<br>5,760<br>21,700<br>-<br>21,700<br>9,950<br>-<br>9,950<br>46,451<br>-<br>46,451<br>40,915<br>-<br>40,915<br>-<br>-<br>-<br>34,663<br>100<br>34,763<br>**159,439**<br>**100**<br>**159,539**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>5,760<br>-<br>5,760<br>21,700<br>-<br>21,700<br>9,950<br>-<br>9,950<br>46,451<br>-<br>46,451<br>40,915<br>-<br>40,915<br>-<br>-<br>-<br>34,663<br>100<br>34,763<br>**159,439**<br>**100**<br>**159,539**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>5,760<br>-<br>5,760<br>21,700<br>-<br>21,700<br>9,950<br>-<br>9,950<br>46,451<br>-<br>46,451<br>40,915<br>-<br>40,915<br>-<br>-<br>-<br>34,663<br>100<br>34,763<br>**159,439**<br>**100**<br>**159,539**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>2,310<br>7,248<br>10,775<br>32,375<br>-<br>1,721<br>12,660|
||**159,439**|**100**|**159,539**|**67,089**|



## **6. EXPENDITURE ON RAISING FUNDS** 

|Marketing<br>Redevelopment fundraising<br>Other fundraising expenses<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>2,804<br>307<br>3,111<br>-<br>-<br>-<br>2,547<br>1,685<br>4,232<br>**5,351**<br>**1,992**<br>**7,343**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>2,804<br>307<br>3,111<br>-<br>-<br>-<br>2,547<br>1,685<br>4,232<br>**5,351**<br>**1,992**<br>**7,343**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>2,804<br>307<br>3,111<br>-<br>-<br>-<br>2,547<br>1,685<br>4,232<br>**5,351**<br>**1,992**<br>**7,343**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**|
|||||3,622<br>38,338<br>1,478|
||**5,351**|**1,992**|**7,343**|**43,438**|



Page 33 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **7. EXPENDITURE ON CHARITABLE ACTIVITIES (CONSOLIDATED AND COMPANY)** 

|Wages and salaries<br>Madrassah teachers<br>Event expenses<br>Youth work<br>Refreshments<br>Other school costs<br>Grants paid<br>Community work<br>Islamic course expenses<br>Nikkah costs<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>87,935<br>-<br>87,935<br>107,090<br>950<br>108,040<br>73,100<br>3,333<br>76,433<br>575<br>9,388<br>9,963<br>60,726<br>10,624<br>71,350<br>8,340<br>3,667<br>12,007<br>2,000<br>190,158<br>192,158<br>985<br>-<br>985<br>-<br>-<br>-<br>5,189<br>-<br>5,189<br>**345,940**<br>**218,120**<br>**564,060**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>87,935<br>-<br>87,935<br>107,090<br>950<br>108,040<br>73,100<br>3,333<br>76,433<br>575<br>9,388<br>9,963<br>60,726<br>10,624<br>71,350<br>8,340<br>3,667<br>12,007<br>2,000<br>190,158<br>192,158<br>985<br>-<br>985<br>-<br>-<br>-<br>5,189<br>-<br>5,189<br>**345,940**<br>**218,120**<br>**564,060**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>87,935<br>-<br>87,935<br>107,090<br>950<br>108,040<br>73,100<br>3,333<br>76,433<br>575<br>9,388<br>9,963<br>60,726<br>10,624<br>71,350<br>8,340<br>3,667<br>12,007<br>2,000<br>190,158<br>192,158<br>985<br>-<br>985<br>-<br>-<br>-<br>5,189<br>-<br>5,189<br>**345,940**<br>**218,120**<br>**564,060**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>83,716<br>81,011<br>46,825<br>8,645<br>28,437<br>7,682<br>153,160<br>750<br>1,815<br>-|
||**345,940**|**218,120**|**564,060**|**412,040**|



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**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **8. SUPPORT COSTS (CONSOLIDATED AND COMPANY)** 

|**General Support**<br>**Costs**<br>Wages and salaries<br>Contractors<br>Professional fees<br>Security<br>Repairs and maintenance<br>Utilities<br>Cleaning<br>IT Support<br>Bank charges<br>Printing, postage and<br>stationery<br>Depreciation<br>Insurance<br>Telephone and internet<br>Operating leases<br>Other expenses<br>**General Support**<br>**Costs**<br>**Governance costs**<br>Accountancy fees<br>Auditor's remuneration<br>**Governance costs**<br>**Total Support Costs**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>45,848<br>-<br>45,848<br>31,132<br>27,941<br>59,073<br>4,328<br>-<br>4,328<br>16,861<br>2,478<br>19,339<br>28,492<br>18,402<br>46,894<br>23,173<br>14,269<br>37,442<br>27,607<br>1,381<br>28,988<br>5,164<br>4,232<br>9,396<br>16,514<br>(1,093)<br>15,421<br>9,299<br>2,596<br>11,895<br>-<br>140,345<br>140,345<br>1,832<br>1,957<br>3,789<br>5,222<br>-<br>5,222<br>87<br>-<br>87<br>23,216<br>4,734<br>27,950<br>**238,775**<br>**217,242**<br>**456,017**<br>648<br>-<br>648<br>4,050<br>-<br>4,050<br>**4,698**<br>**-**<br>**4,698**<br>**243,473**<br>**217,241**<br>**460,715**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>45,848<br>-<br>45,848<br>31,132<br>27,941<br>59,073<br>4,328<br>-<br>4,328<br>16,861<br>2,478<br>19,339<br>28,492<br>18,402<br>46,894<br>23,173<br>14,269<br>37,442<br>27,607<br>1,381<br>28,988<br>5,164<br>4,232<br>9,396<br>16,514<br>(1,093)<br>15,421<br>9,299<br>2,596<br>11,895<br>-<br>140,345<br>140,345<br>1,832<br>1,957<br>3,789<br>5,222<br>-<br>5,222<br>87<br>-<br>87<br>23,216<br>4,734<br>27,950<br>**238,775**<br>**217,242**<br>**456,017**<br>648<br>-<br>648<br>4,050<br>-<br>4,050<br>**4,698**<br>**-**<br>**4,698**<br>**243,473**<br>**217,241**<br>**460,715**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>45,848<br>-<br>45,848<br>31,132<br>27,941<br>59,073<br>4,328<br>-<br>4,328<br>16,861<br>2,478<br>19,339<br>28,492<br>18,402<br>46,894<br>23,173<br>14,269<br>37,442<br>27,607<br>1,381<br>28,988<br>5,164<br>4,232<br>9,396<br>16,514<br>(1,093)<br>15,421<br>9,299<br>2,596<br>11,895<br>-<br>140,345<br>140,345<br>1,832<br>1,957<br>3,789<br>5,222<br>-<br>5,222<br>87<br>-<br>87<br>23,216<br>4,734<br>27,950<br>**238,775**<br>**217,242**<br>**456,017**<br>648<br>-<br>648<br>4,050<br>-<br>4,050<br>**4,698**<br>**-**<br>**4,698**<br>**243,473**<br>**217,241**<br>**460,715**|**2022-23**|
|---|---|---|---|---|
|||||**Total**|
|||||**funds**|
|||||**£**<br>28,618<br>-<br>11,333<br>25,417<br>14,516<br>20,932<br>16,408<br>8,230<br>9,930<br>5,808<br>13,354<br>3,207<br>2,332<br>1,179<br>8,014|
|||||**169,278**|
||||||
|||||234<br>4,050|
|||||**4,284**|
||||||
||**243,473**|**217,241**|**460,715**|**173,562**|



Page 35 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **9. STAFF COSTS (CONSOLIDATED AND COMPANY)** 

|Wages and salaries<br>Employers NI<br>Pension costs<br>Other employee costs<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>124,016<br>-<br>124,016<br>6,882<br>-<br>6,882<br>2,886<br>-<br>2,886<br>-<br>-<br>-<br>**133,784**<br>**-**<br>**133,784**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>124,016<br>-<br>124,016<br>6,882<br>-<br>6,882<br>2,886<br>-<br>2,886<br>-<br>-<br>-<br>**133,784**<br>**-**<br>**133,784**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>124,016<br>-<br>124,016<br>6,882<br>-<br>6,882<br>2,886<br>-<br>2,886<br>-<br>-<br>-<br>**133,784**<br>**-**<br>**133,784**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>104,185<br>6,022<br>2,055<br>72|
||**133,784**|**-**|<br>**133,784**|**112,334**|



No employees received emoluments in excess of £60,000 (2022-23: None). 

The CMA has 100 volunteers that are involved in activities on a daily basis (2022-23: 75). 

## **10. TRUSTEES’ REMUNERATION AND BENEFITS (CONSOLIDATED AND COMPANY)** 

There were no Trustee’s remuneration or other benefits for the year ending 29 April 2024 nor for the year ending 29 April 2023. 

During the year ending 29 April 2024 there were no expenses paid to the Trustees nor were there in the year to 29 April 2023. 

Page 36 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **11. NET INCOME / (EXPENDITURE) (CONSOLIDATED AND COMPANY)** 

Net income / (expenditure) is stated after charging the following: 

|Auditor's<br>remuneration<br>Depreciation<br>Payments under operating leases<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,050<br>-<br>4,050<br>-<br>140,345<br>140,345<br>87<br>-<br>87<br>**4,137**<br>**140,345**<br>**144,482**|**2022-23**|
|---|---|---|
|||**Total**<br>**funds**|
|||**£**<br>4,050<br>13,354<br>1,179|
|||**18,583**|



## **12. GRANTS PAYABLE (CONSOLIDATED AND COMPANY)** 

|Zakat and Sadaqa<br>Fitrana<br>Social and welfare<br>**Total**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>132,007<br>**132,007**<br>-<br>28,500<br>**28,500**<br>2,000<br>29,651<br>**31,651**<br>**2,000**<br>**190,158**<br>**192,158**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>132,007<br>**132,007**<br>-<br>28,500<br>**28,500**<br>2,000<br>29,651<br>**31,651**<br>**2,000**<br>**190,158**<br>**192,158**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>132,007<br>**132,007**<br>-<br>28,500<br>**28,500**<br>2,000<br>29,651<br>**31,651**<br>**2,000**<br>**190,158**<br>**192,158**|**2022-23**<br>**Total**<br>**funds**<br>**£**<br>**57,107**<br>**38,485**<br>**57,568**<br>**153,160**|
|---|---|---|---|---|
||**2,000**|**190,158**|**192,158**||



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**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **Continued** 

|**Analysis of grants paid**<br>Islamic Relief<br>Community Projects<br>Read Foundation<br>Cheadle Youth<br>Foodbank<br>Refugees Project<br>Action for Humanity<br>Heald Green Scouts<br>Nusrat Trust<br>Al-Khair Foundation<br>Islamaphobia Response Unit<br>Canterbury Masjid<br>Royal British Legion<br>**Total**|-<br>95,846<br>**95,846**<br>-<br>24,637<br>**24,637**<br>-<br>38,323<br>**38,323**<br>-<br>898<br>**898**<br>-<br>4,116<br>**4,116**<br>-<br>820<br>**820**<br>-<br>25,518<br>**25,518**<br>2,000<br>-<br>**2,000**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>**2,000**<br>**190,158**<br>**192,158**|-<br>95,846<br>**95,846**<br>-<br>24,637<br>**24,637**<br>-<br>38,323<br>**38,323**<br>-<br>898<br>**898**<br>-<br>4,116<br>**4,116**<br>-<br>820<br>**820**<br>-<br>25,518<br>**25,518**<br>2,000<br>-<br>**2,000**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>**2,000**<br>**190,158**<br>**192,158**|-<br>95,846<br>**95,846**<br>-<br>24,637<br>**24,637**<br>-<br>38,323<br>**38,323**<br>-<br>898<br>**898**<br>-<br>4,116<br>**4,116**<br>-<br>820<br>**820**<br>-<br>25,518<br>**25,518**<br>2,000<br>-<br>**2,000**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>**2,000**<br>**190,158**<br>**192,158**|**65,408**<br>**43,268**<br>**19,314**<br>**9,702**<br>**4,573**<br>**3,390**<br>**2,063**<br>**-**<br>**1,853**<br>**1,692**<br>**1,458**<br>**413**<br>**24**|
|---|---|---|---|---|
||**2,000**|**190,158**|**192,158**|**153,160**|



Page 38 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **13. TANGIBLE ASSETS – CONSOLIDATED** 

|**Cost**<br>At 29 April 2023<br>Additions<br>Transfer from AUC<br>Disposals<br>At 29 April 2024<br>**Depreciation**<br>At 29 April 2023<br>Depreciation charge<br>Disposals<br>At 29 April 2023<br>**Net book value**<br>At 29 April 2024<br>At 29 April 2023||**Land and**<br>**Buildings**<br>1,245,157<br>374,836<br>4,124,737<br>-|**Assets under**<br>**Construction**<br>4,676,400<br>-<br>(4,676,400)<br>-|**Fixtures &**<br>**Fittings**<br>112,535<br>187,736<br>514,850<br>(112,535)|**Fixtures &**<br>**Fittings**<br>112,535<br>187,736<br>514,850<br>(112,535)|**IT**<br>**Equipment**<br>10,038<br>8,777<br>36,813<br>(10,037)|**Motor**<br>**Vehicles**<br>**Total**<br>821<br>6,044,950<br>-<br>571,349<br>-<br>0<br>(821)<br>(123,393)|
|---|---|---|---|---|---|---|---|
|||||||||
|||**5,744,730**|**-**||**702,586**|**45,590**|**-**<br>**6,492,906**|
|||-<br>(81,278)<br>-|-<br>-<br>-||(100,594)<br>(55,844)<br>101,724|(9,248)<br>(3,223)<br>9,248|(821)<br>(110,663)<br>-<br>(140,345)<br>821<br>111,793|
|||**(81,278)**|**-**||**(54,714)**|**(3,223)**|**-**<br>**(139,215)**|
|||**5,663,452**<br>**1,245,157**|**-**<br>**4,676,400**||**647,873**<br>**11,940**|**42,367**<br>**789**|**-**<br>**6,353,691**<br>**-**<br>**5,934,286**|



Page 39 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **Continued** 

|**ontinued**||||||||
|---|---|---|---|---|---|---|---|
|**Cost**<br>At 29 April 2022<br>Additions<br>At 29 April 2023<br>**Depreciation**<br>At 29 April 2022<br>Depreciation charge<br>At 29 April 2023<br>**Net book value**<br>At 29 April 2023<br>At 29 April 2022||**Land and**<br>**Buildings**<br>814,025<br>431,132|**Assets under**<br>**Construction**<br>1,497,400<br>3,179,000|**Fixtures &**<br>**Fittings**<br>100,594<br>11,940||**IT**<br>**Equipment**<br>9,248<br>790|**Motor**<br>**Vehicles**<br>**Total**<br>821<br>2,422,088<br>-<br>3,622,862|
|||||||||
|||**1,245,157 **|**4,676,400**||**112,534**|**10,038**|**821**<br>**6,044,950**|
|||-<br>-|-<br>-||(92,377)<br>(8,217)|(4,111)<br>(5,137)|(821)<br>(97,309)<br>-<br>(13,354)|
|||**-**|||**(100,594)**|**(9,248)**|**(821)**<br>**(110,663)**|
|||**1,245,157**<br>**814,025**|**4,676,400**<br>**1,497,400**||**11,940**<br>**8,217**|**789**<br>**5,137**|**-**<br>**5,934,286**<br>**-**<br>**2,324,779**|



Page 40 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **COMPANY** 

|**Cost**<br>At 29 April 2023<br>Additions<br>Transfer from AUC<br>Disposals<br>At 29 April 2024<br>**Depreciation**<br>At 29 April 2023<br>Depreciation charge<br>Disposals<br>At 29 April 2023<br>**Net book value**<br>At 29 April 2024<br>At 29 April 2023||**Land and**<br>**Buildings**<br>1,245,157<br>334,736<br>4,164,837<br>-|**Assets under**<br>**Construction**<br>4,716,500<br>-<br>(4,716,500)<br>-|**Fixtures &**<br>**Fittings**<br>112,535<br>187,736<br>514,850<br>(112,535)|**Fixtures &**<br>**Fittings**<br>112,535<br>187,736<br>514,850<br>(112,535)|**IT**<br>**Equipment**<br>10,037<br>8,777<br>36,813<br>(10,037)|**Motor**<br>**Vehicles**<br>**Total**<br>821<br>6,085,050<br>-<br>531,249<br>-<br>0<br>(821)<br>(123,393)|
|---|---|---|---|---|---|---|---|
|||||||||
|||**5,744,730**|**-**||**702,586**|**45,590**|**-**<br>**6,492,906**|
|||-<br>(81,278)<br>-|-<br>-<br>-||(100,594)<br>(55,844)<br>101,724|(9,248)<br>(3,223)<br>9,248|(821)<br>(110,663)<br>-<br>(140,345)<br>821<br>111,793|
|||**(81,278)**|**-**||**(54,714)**|**(3,223)**|**-**<br>**(139,215)**|
|||**5,663,452**<br>**1,245,157**|**-**<br>**4,716,500**||**647,872**<br>**11,940**|**42,367**<br>**789**|**-**<br>**6,353,691**<br>**-**<br>**5,974,386**|



Page 41 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **Continued** 

|**Cost**<br>At 29 April 2022<br>Additions<br>At 29 April 2023<br>**Depreciation**<br>At 29 April 2022<br>Depreciation charge<br>At 29 April 2023<br>**Net book value**<br>At 29 April 2023<br>At 29 April 2022||**Land and**<br>**Buildings**<br>814,025<br>431,132|**Assets under**<br>**Construction**<br>1,667,500<br>3,049,000|**Fixtures &**<br>**Fittings**<br>100,594<br>11,940|**Fixtures &**<br>**Fittings**<br>100,594<br>11,940|**IT**<br>**Equipment**<br>9,248<br>790|**Motor**<br>**Vehicles**<br>**Total**<br>821<br>2,592,188<br>-<br>3,492,862|
|---|---|---|---|---|---|---|---|
|||||||||
|||**1,245,157**|**4,716,500**||**112,535**|**10,037**|**821**<br>**6,085,050**|
|||-<br>-|-<br>-||(92,377)<br>(8,217)|(4,111)<br>(5,137)|(821)<br>(97,309)<br>-<br>(13,354)|
|||**-**|||**(100,594)**|**(9,248)**|**(821)**<br>**(110,663)**|
|||**1,245,157**<br>**814,025**|**4,716,500**<br>**1,667,500**||**11,941**<br>**8,217**|**789**<br>**5,137**|**-**<br>**5,974,387**<br>**-**<br>**2,494,879**|



Page 42 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **14. INVESTMENTS HELD AS FIXED ASSETS (CONSOLIDATED AND COMPANY)** 

|At 29 April 2023<br>Additions<br>Revaluation in the year ended 29 April 2024<br>**At 29 April 2023**<br>**Analysis of investment properties**<br>Waqf 1 - Wilmslow Road, Heald Green<br>Waqf 2 - Finney Lane, Heald Green<br>Waqf 3 - Outwood Road, Heald Green<br>Waqf 4 - Turves Road, Heald Green<br>Waqf 5 - Greenway Road, Heald Green<br>Waqf 6 - Wilmslow Road, Heald Green<br>Waqf 7 - Calderbeck Way, Wythenshawe<br>**Total**||**Property value**<br>**at 29 April**<br>**2023**<br>185,000<br>285,000<br>350,000<br>265,000<br>300,000<br>265,000<br>-|**Property value**<br>**at 29 April**<br>**2023**<br>185,000<br>285,000<br>350,000<br>265,000<br>300,000<br>265,000<br>-||**Original**<br>**cost**<br>1,175,341<br>233,457<br>-|**Revaluation**<br>474,659<br>-<br>-||**Total**<br>1,650,000<br>233,457<br>-|
|---|---|---|---|---|---|---|---|---|
||||||**1,408,798**|**474,659**||**1,883,457**|
||||||**Additions**<br>-<br>-<br>-<br>-<br>-<br>-<br>233,457|**Revaluation**<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Property value**<br>**at 29 April**<br>**2024**<br>**185,000**<br>**285,000**<br>**350,000**<br>**265,000**<br>**300,000**<br>**265,000**<br>**233,457**||
||||<br>**at 29**|||||<br>**at 29**|
||||**1,650,000**||**233,457**|**-**||**1,883,457**|



Page 43 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

|**Continued**<br>At 29 April 2022<br>Additions<br>Revaluation in the year ended 29 April 2023<br>**At 29 April 2023**<br>**Analysis of investment properties**<br>Waqf 1 - Wilmslow Road, Heald Green<br>Waqf 2 - Finney Lane, Heald Green<br>Waqf 3 - Outwood Road, Heald Green<br>Waqf 4 - Turves Road, Heald Green<br>Waqf 5 - Greenway Road, Heald Green<br>Waqf 6 - Wilmslow Road, Heald Green<br>**Total**||**Property value**<br>**at 29 April**<br>**2022**<br>167,000<br>245,000<br>265,000<br>235,000<br>250,000<br>265,000|**Property value**<br>**at 29 April**<br>**2022**<br>167,000<br>245,000<br>265,000<br>235,000<br>250,000<br>265,000||**Original**<br>**cost**<br>1,175,341<br>-<br>-|**Revaluation**<br>251,659<br>-<br>223,000||**Total**<br>1,427,000<br>-<br>223,000|
|---|---|---|---|---|---|---|---|---|
||||||**1,175,341**|**474,659**||**1,650,000**|
||||||**Additions**<br>-<br>-<br>-<br>-<br>-<br>-|**Revaluation**<br>18,000<br>40,000<br>85,000<br>30,000<br>50,000<br>-|**Property value**<br>**at 29 April**<br>**2023**<br>**185,000**<br>**285,000**<br>**350,000**<br>**265,000**<br>**300,000**<br>**265,000**||
||||<br>**at 29**|||||<br>**at 29**|
||||**1,427,000**||**-**|**223,000**||**1,650,000**|



Page 44 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR – CONSOLIDATED** 

|Debtors<br>Prepayments and accrued income<br>VAT debtor<br>**Total**<br>**COMPANY**<br>Debtors<br>Prepayments and accrued income<br>Amounts owed by Group undertakings<br>**Total**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>4,933<br>-<br>4,933<br>44,340<br>-<br>44,340<br>**53,961**<br>**-**<br>**53,961**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>39,933<br>-<br>39,933<br>-<br>-<br>-<br>**44,621**<br>**-**<br>**44,621**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>4,933<br>-<br>4,933<br>44,340<br>-<br>44,340<br>**53,961**<br>**-**<br>**53,961**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>39,933<br>-<br>39,933<br>-<br>-<br>-<br>**44,621**<br>**-**<br>**44,621**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>4,933<br>-<br>4,933<br>44,340<br>-<br>44,340<br>**53,961**<br>**-**<br>**53,961**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>4,688<br>-<br>4,688<br>39,933<br>-<br>39,933<br>-<br>-<br>-<br>**44,621**<br>**-**<br>**44,621**|**29 April**<br>**2023**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>3,913<br>2,619<br>203,459|
|||||**209,991**|
||||||
|||||**29 April**<br>**2023**|
|||||**Total**|
|||||**funds**|
|||||**£**<br>3,913<br>2,619<br>401|
||**44,621**|**-**|<br>**44,621**|**6,933**|



Page 45 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **16. CASH IN BANK AND IN HAND – CONSOLIDATED** 

|Cash in Hand<br>Cash at Bank<br>**Total**<br>**COMPANY**<br>Cash in Hand<br>Cash at Bank<br>**Total**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>420,164<br>75,907<br>496,071<br>**430,174**<br>**75,907**<br>**506,081**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>416,270<br>75,907<br>492,177<br>**426,280**<br>**75,907**<br>**502,187**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>420,164<br>75,907<br>496,071<br>**430,174**<br>**75,907**<br>**506,081**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>416,270<br>75,907<br>492,177<br>**426,280**<br>**75,907**<br>**502,187**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>420,164<br>75,907<br>496,071<br>**430,174**<br>**75,907**<br>**506,081**<br>**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>10,010<br>-<br>10,010<br>416,270<br>75,907<br>492,177<br>**426,280**<br>**75,907**<br>**502,187**|**29 April**<br>**2023**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>8,381<br>719,806|
|||||**728,187**|
||||||
|||||**29 April**<br>**2023**|
|||||**Total**|
|||||**funds**|
|||||**£**<br>8,381<br>673,428|
||**426,280**|**75,907**|**502,187**|**681,809**|



Page 46 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN IN ONE YEAR – CONSOLIDATED** 

|Trade creditors<br>Rent deposits<br>Deferred income<br>Qard Hassan (Interest free<br>loans)<br>Accruals and other creditors<br>**Total**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>32,116<br>-<br>32,116<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>11,068<br>-<br>11,068<br>**360,048**<br>**-**<br>**360,048**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>32,116<br>-<br>32,116<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>11,068<br>-<br>11,068<br>**360,048**<br>**-**<br>**360,048**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>32,116<br>-<br>32,116<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>11,068<br>-<br>11,068<br>**360,048**<br>**-**<br>**360,048**|**29 April**<br>**2023**|
|---|---|---|---|---|
|||||**Total**|
|||||**funds**|
|||||**£**|
|||||218,572<br>3,950<br>-<br>297,500<br>7,986|
||**360,048**|**-**|<br>**360,048**|**528,008**|



## **COMPANY** 

|Trade creditors<br>Rent deposits<br>Deferred income<br>Qard Hassan (Interest free<br>loans)<br>Amounts due to Group Undertakings<br>VAT creditor<br>Accruals and other creditors<br>**Total**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>18,982<br>-<br>18,982<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>-<br>-<br>-<br>-<br>-<br>-<br>11,068<br>-<br>11,068<br>**346,914**<br>**-**<br>**346,914**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>18,982<br>-<br>18,982<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>-<br>-<br>-<br>-<br>-<br>-<br>11,068<br>-<br>11,068<br>**346,914**<br>**-**<br>**346,914**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>18,982<br>-<br>18,982<br>3,950<br>-<br>3,950<br>8,914<br>-<br>8,914<br>304,000<br>-<br>304,000<br>-<br>-<br>-<br>-<br>-<br>-<br>11,068<br>-<br>11,068<br>**346,914**<br>**-**<br>**346,914**|**29 April**<br>**2023**<br>**Total**<br>**funds**<br>**£**<br>9,237<br>3,950<br>-<br>297,500<br>-<br>-<br>7,985<br>**318,672**|
|---|---|---|---|---|
||**346,914**|**-**|<br>**346,914**||



Page 47 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **18. CREDITORS: AMOUNTS DUE FALLING AFTER ONE YEAR – CONSOLIDATED AND COMPANY** 

|Qard Hassan (Interest free<br>loans)<br>**Total**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**|**29 April 2024**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**|**29 April**<br>**2023**<br>**Total**<br>**funds**<br>**£**<br>278,447<br>**278,447**|
|---|---|---|---|---|
||**-**|<br>**-**|<br>**-**||



## **19. OPERATING LEASE COMMITMENTS – CONSOLIDATED AND COMPANY** 

|Expiring:<br>Within one year<br>Within 2-5 years<br>**Total**|**2023-24**<br>**£**<br>87<br>-<br>**87**|**2022-23**|
|---|---|---|
|||**£**<br>1,179<br>-|
||**87**|**1,179**|



Page 48 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **20. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General funds<br>**Total**<br>**Restricted funds**<br>Redevelopment funds<br>Refurbishment<br>Zakat and Sadaqa<br>Fitrana<br>Syria Families<br>Foodbank and homeless support<br>Fidya<br>COVID-19 fund<br>Scholarship fund<br>Imam Development Fund<br>Cheadle Youth<br>WMA<br>Interest<br>Action for Humanity<br>Funeral Fund<br>Ihya Publications<br>Refugee support<br>Revert fund<br>**Total**<br>**Total funds**||**At**|**29 April**<br>**2023**<br>**£**<br>7,890,030|**Net**<br>**movement**<br>**in funds**<br>**£**<br>160,168|**Net**<br>**movement**<br>**in funds**<br>**£**<br>160,168|**Transfer**<br>**between**<br>**funds**<br>**£**<br>317,214|**Transfer**<br>**between**<br>**funds**<br>**£**<br>317,214|**Transfer**<br>**between**<br>**funds**<br>**£**<br>317,214|**At**|**29 April**<br>**2024**<br>**£**<br>8,367,412|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||||||||||||
||||**7,890,030**||**160,168**||**317,214**|||**8,367,412**|
||||||||||||
||||(65,422)<br>-<br>61,576<br>66<br>(311)<br>6,762<br>300<br>120<br>1,273<br>3,758<br>18,472<br>(211,872)<br>3,863<br>600<br>5,168<br>577<br>1,048<br>-||99,168<br>97,491<br>(11,993)<br>(812)<br>6,240<br>2,406<br>(265)<br>-<br>4,000<br>-<br>32,150<br>321,462<br>3,100<br>(600)<br>7,564<br>(699)<br>370<br>1,284||(133,757)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(183,457)<br>-<br>-<br>-<br>-<br>-<br>-|||(100,011)<br>97,491<br>49,583<br>(746)<br>5,929<br>9,168<br>35<br>120<br>5,273<br>3,758<br>50,622<br>(73,867)<br>6,962<br>-<br>12,732<br>(122)<br>1,419<br>1,284|
||||**(174,022)**||**560,864**||**(317,214)**|||**69,629**|
||||||||||||
||||**7,716,008**||**721,032**||**-**|||**8,437,041**|



Page 49 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

The incoming and expended resources for each fund in the year ended 29 April 2023 are shown below: 

|**Unrestricted funds**<br>General funds<br>**Total**<br>**Restricted funds**<br>Redevelopment funds<br>Refurbishment<br>Zakat and Sadaqa<br>Fitrana<br>Syria Families<br>Foodbank and homeless support<br>Fidya<br>COVID-19 fund<br>Scholarship fund<br>Imam Development Fund<br>Cheadle Youth<br>WMA<br>Interest<br>Action for Humanity<br>Funeral Fund<br>Ihya Publications<br>Refugee support<br>Revert fund<br>**Total**<br>**Total movement in funds**|||**Incoming**<br>**resources**<br>**£**<br>754,931|**Resources**<br>**expended**<br>**£**<br>(594,763)|**Resources**<br>**expended**<br>**£**<br>(594,763)|**Resources**<br>**expended**<br>**£**<br>(594,763)|**Movement in**<br>**funds**<br>**£**<br>160,168|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
||||**754,931**||**(594,763)**||**160,168**|
|||||||||
||||232,026<br>97,491<br>105,231<br>27,688<br>19,586<br>7,262<br>626<br>-<br>4,000<br>-<br>53,294<br>410,304<br>1,663<br>24,918<br>7,564<br>3,722<br>57<br>2,784||(132,858)<br>-<br>(117,224)<br>(28,500)<br>(13,346)<br>(4,856)<br>(891)<br>-<br>-<br>-<br>(21,144)<br>(88,842)<br>1,436<br>(25,518)<br>-<br>(4,422)<br>313<br>(1,500)||99,168<br>97,491<br>(11,993)<br>(812)<br>6,240<br>2,406<br>(265)<br>-<br>4,000<br>-<br>32,150<br>321,462<br>3,099<br>(600)<br>7,564<br>(700)<br>370<br>1,284|
||||**998,215**||**(437,351)**||**560,864**|
|||||||||
||||**1,753,146**|**(1,032,114)**|||**721,032**|



Page 50 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**Unrestricted funds**<br>General funds<br>Revaluation reserve<br>**Total**<br>**Restricted funds**<br>Redevelopment funds<br>Zakat and Sadaqa<br>Fitrana<br>Syria Families<br>Foodbank and homeless support<br>Fidya<br>COVID-19 fund<br>Scholarship fund<br>Imam Development Fund<br>Cheadle Youth<br>WMA<br>Interest<br>Action for Humanity<br>Funeral Fund<br>Ihya Publications<br>Refugee support<br>**Total**<br>**Total funds**||**At**|**29 April**<br>**2022**<br>**£**<br>3,754,141<br>251,659|**Net**<br>**movement**<br>**in funds**<br>**£**<br>649,479<br>(251,659)||**Transfer**<br>**between**<br>**funds**<br>**£**<br>3,486,410<br>-|||**At**|**29 April**<br>**2023**<br>**£**<br>7,890,030<br>-|
||||||||||||
||||||||||||
||||**4,005,800**||**397,820**||**3,486,410**|||**7,890,030**|
||||||||||||
||||2,026,233<br>7,002<br>3,055<br>11,035<br>3,771<br>150<br>120<br>1,273<br>3,758<br>12,851<br>4,337<br>130<br>-<br>-<br>-<br>-||963,623<br>54,574<br>(2,989)<br>(11,346)<br>2,991<br>150<br>-<br>-<br>-<br>5,621<br>214,923<br>3,733<br>600<br>5,168<br>577<br>1,048|(3,055,278)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(431,132)<br>-<br>-<br>-<br>-<br>-||||(65,422)<br>61,576<br>66<br>(311)<br>6,762<br>300<br>120<br>1,273<br>3,758<br>18,472<br>(211,872)<br>3,863<br>600<br>5,168<br>577<br>1,048|
||||**2,073,715**||**1,238,673**|**(3,486,410)**||||**(174,022)**|
||||||||||||
||||**6,079,515**||**1,636,493**|**-**||||**7,716,008**|



Page 51 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

The incoming and expended resources for each fund in the prior period are shown below: 

|||||||||
|---|---|---|---|---|---|---|---|
|**Unrestricted funds**<br>General funds<br>Revaluation reserve<br>**Total**<br>**Restricted funds**<br>Redevelopment funds<br>Zakat and Sadaqa<br>Fitrana<br>Syria Families<br>Foodbank and homeless support<br>Fidya<br>COVID-19 fund<br>Scholarship fund<br>Imam Development Fund<br>Cheadle Youth<br>WMA<br>Interest<br>Action for Humanity<br>Funeral Fund<br>Ihya Publications<br>Refugee support<br>**Total**<br>**Total movement in funds**|||**Incoming**<br>**resources**<br>**£**<br>601,090<br>223,000|**Resources**<br>**expended**<br>**£**<br>(426,270)<br>-|||**Movement in**<br>**funds**<br>**£**<br>174,820<br>223,000|
|||||||||
|||||||||
||||**824,090**||**(426,270)**||**397,820**|
|||||||||
||||1,053,503<br>85,871<br>23,245<br>9,628<br>5,064<br>770<br>-<br>-<br>-<br>23,212<br>227,040<br>255<br>2,669<br>5,168<br>577<br>4,438||(89,880)<br>(31,297)<br>(26,234)<br>(20,975)<br>(2,073)<br>(620)<br>-<br>-<br>-<br>(17,591)<br>(12,117)<br>3,478<br>(2,069)<br>-<br>-<br>(3,390)||963,623<br>54,574<br>(2,989)<br>(11,347)<br>2,991<br>150<br>-<br>-<br>-<br>5,621<br>214,923<br>3,733<br>600<br>5,168<br>577<br>1,048|
||||**1,441,441**||**(202,768)**||**1,238,673**|
|||||||||
||||**2,265,531**||**(629,038)**||**1,636,493**|



Page 52 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

The purpose of the restricted funds are as follows: 

## **Action for Humanity** 

These funds relate to specific donations towards projects being delivered by a Partner Charity in Palestine. 

## **Cheadle Youth** 

These funds relate to specific donations towards activities undertaken specifically by the Youth groups at the Charity. 

## **COVID-19 fund** 

These represent donations towards providing meals to NHS workers during the COVID-19 crisis. 

## **Fidya** 

This fund relates to specific donations made for fidya, where individuals have donated when they have been unable to fast. These donations are passed on to Islamic Relief who are able to distribute these donations in line with Islamic principles. 

## **Fitrana** 

These funds represent the compulsory charity paid by every Muslim at the end of Ramadan. It is a way for Muslims to give thanks that they were able to complete the month of fasting. These funds are distributed as soon as they are received. 

## **Foodbank and homeless** 

This fund represents donations made specifically towards supporting local foodbanks, soup kitchens and those in need of food items. 

## **Funeral fund** 

These funds relate to specific donations made by to support any individual’s family who cannot afford to pay for a loved ones funeral costs. 

## **Imam Development Fund** 

The Imam Development fund relates to donations made towards the training and development of UK Imams in line with the Islamic principles adhered to by Cheadle Masjid. 

## **Interest** 

Individuals donate their interest income to the Charity. This interest income is to be spend in the cleaning of toilets. 

## **Redevelopment fund** 

This fund represents donations made specifically towards the redevelopment of the Mosque facility. 

## **Refugee support** 

This fund relates to donations made to support refugees in the local area requiring assistance with basic needs. 

## **Refurbishment** 

This fund relates to donations made towards supporting the redevelopment of the house next door to 377 Wilmslow Road, to allow it to be used as a multi-purpose facility. 

## **Revert fund** 

This fund relates to donations specifically raised to support reverts to Islam with regular classes, get togethers and if they are in financial difficulty as a result of them reverting to Islam. 

Page 53 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **Scholarship fund** 

This is a fund related to providing funding towards the education of those undertaking further Islamic studies, with a view to those individuals providing support on Islamic matters in the future. 

## **Syrian Families fund** 

This fund represents donations made specifically towards the ongoing project to re-house Syrian families, affected by the ongoing war, in the UK. 

## **Wythenshawe Muslim Association (WMA)** 

In March 2023 the WMA was launched to provide worshippers in the Wythenshawe area access to a prayer facility and talks about Islam, within the local area. As the Muslim population in the South Manchester area continues to grow, the Charity will look to facilitate their needs through expanding via satellite sites. 

## **Zakat and Sadaqah** 

Zakat is an obligation on Muslims (who hold wealth above a certain threshold) to pay 2.5% of their savings to charity. Funds raised must be spent in accordance with Islamic principles, and are not available to the CMA for general use. The CMA distributed these funds to Zakat eligible projects undertaken by Islamic Relief and Read Foundation. 

## **21. CAPITAL COMMITMENTS** 

At 29 April 2024 the CMA had Capital Commitments of £0.2 million relating to the remainder of the construction contract for the redevelopment of the site (29 April 2023: £1.0 million). 

## **22. RELATED PARTY DISCLOSURES** 

In the year ended 29 April 2024, Generation Limited in which Zahid Anwar is a shareholder (brother of Trustee Tariq Anwar) were appointed to act as Building Management Consultants in respect to the Redevelopment. Generation Limited were paid £3,000 in the year ended 29 April 2024 (29 April 2023: £7,000). In order to manage the conflict of interest, the Trustees with a relationship were the shareholders of Generation Limited were not involved in the decision making with respect to the appointment of Generation Limited. 

Page 54 



**THE CMA WELFARE TRUST LTD (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024** 

## **23. SUBSIDIARY UNDERTAKINGS OF THE CMA WELFARE TRUST LTD** 

**CMA Design & Built Ltd (company number: 11448447)** 

_Nature of business: Design & Build construction services_ 

|Class of share:<br>**Summary of trading results**<br>Turnover<br>Cost of sales<br>**Gross profit**<br>Overheads<br>Charitable donations<br>**Operating profit**<br>**The assets and liabilities of the subsidiary were as follows**<br>Debtors<br>Cash at bank and in hand<br>Creditors: amounts falling due within one year<br>**Total**<br>**Represented by:**<br>Called up share capital<br>Profit and loss account<br>**Total**|%<br>Holding<br>100<br>**2023-24**<br>**£**<br>576,910<br>(575,440)<br>**1,470**<br>(564)<br>(906)<br>**-**<br>**2023-24**<br>**£**<br>44,718<br>3,894<br>(48,512)<br>**100**<br>**2023-24**<br>**£**<br>100<br>-<br>**100**|%<br>Holding<br>100<br>**2022-23**<br>**£**<br>3,179,000<br>(3,177,789)|
|---|---|---|
|||**1,211**|
|||(810)<br>(401)|
|||**-**|
|||**2022-23**<br>**£**<br>203,436<br>46,378<br>(249,714)|
|||**100**|
|||**2022-23**<br>**£**<br>100<br>-<br>**100**|



Page 55 



**THE CMA WELFARE TRUST (REGISTERED COMPANY: 04730509, REGISTERED CHARITY NUMBER: 1099574)** 

## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 APRIL 2023** 

## **24: INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 29 APRIL 2023** 

|**INCOME AND ENDOWMENTS**<br>Donations and legacies<br>Charitable activities<br>Waqf rent receivable<br>Investment income<br>Other income<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Raising funds<br>Charitable activities<br>Support costs<br>**TOTAL EXPENDITURE**<br>Investment property revaluation<br>**NET INCOME / (EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>Transfer between reserves<br>Revaluation reserve<br>**TOTAL FUNDS CARRIED FORWARD**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>387,213<br>1,441,442<br>**1,828,655**<br>98,438<br>-<br>**98,438**<br>48,350<br>-<br>**48,350**<br>-                     -<br>**-**<br>67,089<br>-<br>**67,089**<br>**601,090**<br>**1,441,442**<br>**2,042,532**<br>(5,101)<br>(38,338)<br>**(43,439)**<br>(258,880)<br>(153,160)<br>**(412,040)**<br>(162,289)<br>(11,272)<br>**(173,561)**<br> **(426,270)**<br> **(202,770)**<br> **(629,040)**<br>474,659<br>-<br>**474,659**<br>**649,479**<br>**1,238,673**<br>**1,888,151**<br>3,754,141<br>2,073,716<br>**5,827,857**<br>3,486,410<br>(3,486,410)<br>**-**<br>-                     -<br>**-**<br>**7,890,031**<br> **(174,021)**<br>**7,716,010**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>387,213<br>1,441,442<br>**1,828,655**<br>98,438<br>-<br>**98,438**<br>48,350<br>-<br>**48,350**<br>-                     -<br>**-**<br>67,089<br>-<br>**67,089**<br>**601,090**<br>**1,441,442**<br>**2,042,532**<br>(5,101)<br>(38,338)<br>**(43,439)**<br>(258,880)<br>(153,160)<br>**(412,040)**<br>(162,289)<br>(11,272)<br>**(173,561)**<br> **(426,270)**<br> **(202,770)**<br> **(629,040)**<br>474,659<br>-<br>**474,659**<br>**649,479**<br>**1,238,673**<br>**1,888,151**<br>3,754,141<br>2,073,716<br>**5,827,857**<br>3,486,410<br>(3,486,410)<br>**-**<br>-                     -<br>**-**<br>**7,890,031**<br> **(174,021)**<br>**7,716,010**|**2023-24**<br>**Unrestricted**<br>**Restricted**<br>**Total**<br>**funds**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**£**<br>387,213<br>1,441,442<br>**1,828,655**<br>98,438<br>-<br>**98,438**<br>48,350<br>-<br>**48,350**<br>-                     -<br>**-**<br>67,089<br>-<br>**67,089**<br>**601,090**<br>**1,441,442**<br>**2,042,532**<br>(5,101)<br>(38,338)<br>**(43,439)**<br>(258,880)<br>(153,160)<br>**(412,040)**<br>(162,289)<br>(11,272)<br>**(173,561)**<br> **(426,270)**<br> **(202,770)**<br> **(629,040)**<br>474,659<br>-<br>**474,659**<br>**649,479**<br>**1,238,673**<br>**1,888,151**<br>3,754,141<br>2,073,716<br>**5,827,857**<br>3,486,410<br>(3,486,410)<br>**-**<br>-                     -<br>**-**<br>**7,890,031**<br> **(174,021)**<br>**7,716,010**|**2022-23**|
|---|---|---|---|---|
|||||**Total**<br>**funds**|
|||||**£**<br>**1,495,404**<br>**108,847**<br>**50,020**<br>**2,745**<br>**39,436**|
|||||**1,696,452**|
||||||
|||||**(47,456)**<br>**(287,555)**<br>**(106,756)**|
|||||**(441,767)**|
||||||
|||||**-**|
|||||**1,254,685**|
||||||
|||||**4,573,173**<br>**-**<br>**251,659**|
||**7,890,031**|**(174,021)**|**7,716,010**|**6,079,517**|



Page 56 



## **THE CMA WELFARE TRUST REGISTERED COMPANY: 04730509 REGISTERED CHARITY NUMBER: 1099574** 

Page 57