Al-Majid Welfare Trust Charity No 1103759
Report of the Trustees for the year 3[rd] January 2020 - 2[nd] January 2021
The trustees present their financial statements for the year to 2[nd] January 2021. The trustees have adopted the provisions of Statement of Recommended Practice (SORP) Accounting and Reporting by the Charities issued in March 2005.
Trustee Name
1 Barkat Ali D.O.B 26/12/1954 Chairman 07825278320 (Main Contact)
2 Shabnam Ahmed D.O.B 05/08/1979 Trustee 07788921065
3 Nazneen A Ali D.O.B 26/08/1984 Trustee 07825640107
Structure, governance and management
Al-Majid Welfare Trust is constituted as a charitable trust registered with the Charity Commission under charity No. 1103759. It is governed by a deed of trust.
Organizational structure:
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
Achievement and Performance :
Al-Majid Welfare Trust provides a place of prayer and congregation for the Muslim of Reading.
It provides educational classes for both children and adults. and various other community needs.
What charity does
Education
Religious activities Birth, Marriage, Funeral, etc. Providing support to people in sickness and distress
How does the charity operate
Provides human resources
Humanitarian Aid
Building facilities
Financial Review
The Trust’s main source of income is Friday collection and Zakat. It also makes special appeal if it needs funds for some special project.
During the year the trust raised a total of £54,527 from which £15,504 was restricted funds and rental income of £58,813
Gift aid and grant received total of £48,364
Management Declaration:
We approve the attached accounts of Al-Majid Welfare Trust, Reading. for the year ended 2[nd] January 2021 and confirm that we have made available to Mr. M Banaras all the books’ records and information relating to these accounts for examination purpose.
(On behalf of all the trustees)
Sign: Date: 19[th ] June 2021
Barkat Ali – Chairman
Chairty No. 1103759
Al Majid Welfare Trust
Registered Office
215 Northumberland Avenue, Reading RG2 7PX
FINANCIAL STATEMENT
Accounts From 03/01/2020 to 02/01/2021
Chairty No. 1103759
Al Majid Welfare Trust Registered Office
215 Northumberland Avenue, Reading RG2 7PX
Index
| Index | ||
|---|---|---|
| FINANCIAL STATEMENT | ||
| Accounts From 03/01/2020 to 02/01/2021 | ||
| Page No. | ||
| Indpendent examiners Report on the accounts | 1 | |
| Management's Declaration | 2 | |
| Balance Sheet | 3 | |
| Income and Expenditure account | 4 |
Balance Sheet
Page 3
Chairty No. 1103759 Al Majid Welfare Trust
Statement of Financial activties for year to 02 January 2021
| incom genrate | 02/01/2021 | 02/01/2020 | |||
|---|---|---|---|---|---|
| Collection | Restricted | Un restricteTotal funds | Total funds | ||
| Donation | 15504 | 39023 | 54527 | 174658 | |
| Intrest Receved | 18 | 18 | 188 | ||
| Gift aid claim HMRC / Grant | 48364 | 48364 | 23222 | ||
| Fee Receved | 620 | 620 | 4106 | ||
| Rental incom | 58813 | 58813 | 48225 | ||
| Premsise | Rental expences | -1318 | -1162 | -4380 | |
| Total other spending | -9502 | -10210 | -14069 | ||
| Property investment | 0 | 450000 | |||
| 4702 | 146820 | 150970 | 681950 |
Book value
Fixed Assets
| Book value ts |
||
|---|---|---|
| 2,Bennet place Reading RG2 0XU | 305000 | |
| 6,Foxhays road Reading RG2 8NA | 280000 | |
| 579-581 Basingstoke Road Reading TG2 0SJ | 450000 | |
| 215 Northumberland Avenue Reading RG2 7PX | 278000 | 1313000 |
| Total |
Current Assets
| Cash saving a/c currant a/c Total 287 7941 Cash in hand + Bank 19 10795 19042 Debtors Prepayments 0 19042 1332042 Less Liabilities Loan 333000 Vat 3271 PAYE Tax & NIC 0 Rent deposit account 1300 Rent deposit account 7941 Rent due to pay 0 345512 986530 |
19042 |
|---|---|
| 02/01/2021 | ######## | |
|---|---|---|
| Reserve Balance B/F | 835008 | 602292 |
| Reserve Funds in year | 151522 | 232716 |
| Total Funds | 986530 | 835008 |
Income and Expenditure account
Page 4
Chairty No. 1103759 Al Majid Welfare Trust Accounts From 03/01/2020 to 02/01/2021
| Trustee donation Friday / public donation Restricted donation Intrest receved Gift aid claim from HMRC National Grant Fee Receved Rent from property salaries & wages 356 Insurance 636 contractor 1100 legal services 2811 . Fixture fitting 317 light heat and power 282 Rent & Rates 1318 Water charges 0 0 Telephone Postage & stationary 0 donation collection expences 0 Donation 4000 10820 Surplus incom Reserv b/f Reserve total |
Trustee donation Friday / public donation Restricted donation Intrest receved Gift aid claim from HMRC National Grant Fee Receved Rent from property salaries & wages 356 Insurance 636 contractor 1100 legal services 2811 . Fixture fitting 317 light heat and power 282 Rent & Rates 1318 Water charges 0 0 Telephone Postage & stationary 0 donation collection expences 0 Donation 4000 10820 Surplus incom Reserv b/f Reserve total |
10000 29023 15504 18 37030 11334 620 58813 162342 |
|---|---|---|
| 10820 151522 |
||
| 835008 986530 |