**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**<br>**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<br>**saving a/c**<br>**currant a/c**<br>**Total**<br>287<br>7941<br>**Cash in hand + Bank**<br>19<br>10795<br>19042<br>Debtors<br>Prepayments<br>0<br>19042<br>**1332042**<br>**Less Liabilities**<br>Loan<br>333000<br>Vat<br>3271<br>PAYE Tax & NIC<br>0<br>Rent deposit account<br>1300<br>Rent deposit account<br>7941<br>Rent due<br>to pay<br>0<br>345512<br>**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<br>Friday / public donation<br>**Restricted donation**<br>Intrest receved<br>Gift aid claim from HMRC<br>National Grant<br>Fee Receved<br>Rent from property<br>salaries &  wages<br>356<br>Insurance<br>636<br>contractor<br>1100<br>legal services<br>2811 .<br>Fixture fitting<br>317<br>light heat and power<br>282<br>Rent & Rates<br>1318<br>Water charges<br>0<br>0<br>Telephone Postage & stationary<br>0<br>donation collection expences<br>0<br>Donation<br>4000<br>10820<br>Surplus incom<br>Reserv b/f<br>Reserve total|Trustee  donation<br>Friday / public donation<br>**Restricted donation**<br>Intrest receved<br>Gift aid claim from HMRC<br>National Grant<br>Fee Receved<br>Rent from property<br>salaries &  wages<br>356<br>Insurance<br>636<br>contractor<br>1100<br>legal services<br>2811 .<br>Fixture fitting<br>317<br>light heat and power<br>282<br>Rent & Rates<br>1318<br>Water charges<br>0<br>0<br>Telephone Postage & stationary<br>0<br>donation collection expences<br>0<br>Donation<br>4000<br>10820<br>Surplus incom<br>Reserv b/f<br>Reserve total|10000<br>29023<br>15504<br>18<br>37030<br>11334<br>620<br>58813<br>162342|
|---|---|---|
|||10820<br>151522|
|||835008<br>986530|