Al-majld Welfare Trust Charity No 1103759 Pag• 2 Ro ort of the T￿￿te•S for the ear3 2024 The trustees present their financial statements for the year to 2nd January 2024. The trustees have adopted the provisions of Stat8ment of Recommended Practice (SORP) Accounting and Reporting by the Charities issued in March 2005. Trustee Name 18arkat Ali D.O.B 2611211954 2 Shabnam Ahmed D.O.B 0510811979 3 Nazneen A Ali D.O.B 2610811984 anua anua Chairman Trustee Trustee 07825278320 (Main Contact) 07788921 C65 07825640107 ctur• ovemanco and mana ement Al-majid Welfare Trust is constituted as a charitable trust registered with the Charity Commission under charity No. 1103759. It is govemed by a deed of trust. anizational structure: The charity trustees are responsi1￿e for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financAal benefits. Achi•v•ment and Performanc Al-majid Welfare Trust provides a place of prayer and congregation for the Muslim of Reading It provides educats'onal classes for both children and adults. and various other community needs. What cha does Education Religious activities Birth, Marriage, Funeral, etc. Providing support to people in sickness arKJ distress How does the cha Provides human resources Humanitarian Aid Building facilities rate 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 £174,423 from which £20,099 was restricted funds. Rental income of £79,210 Fee Received £.3,610 Gift aid and grant retsived total of £22.635 Mana ement Declaration: We approve the attached accounts of Al-majid Welfare Trust, Reading for the year ended 2nd January 2024 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: 30th September 2024 Barkat Ali - Chairman Independent Examlner's Report on the Accounts For the year ended 02-Janu3ry 2024 Pagel Report to the Trustees of Al-majid Welfare Trust On accounts for the year ended 02-Jan-2024 Charity No. 1103759 Res ectlve res onsibillties ol trustèes and Èxaminer The charity trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit Is not requlred lor the year under section 144 of the Charities Act 20111 the Charity Act ) and that an independent examination is needed. It is my responsibility to.. "examine the accounts under section 145 of the Charity Act, "to follow the procedures laid down in the general Directions given by the Charity Commission l under Section 145151{bl of the Charity Act, and "to state whether particular matters have come to my attention. Basis of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual item5 or disclosures in the account5. and seekin8 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account presents a ' true and fair ' view and the report is limited to those matters set out in the statement below. Inde endent examinerfs statement In connection with my examination. no matter has come to my attention l other than that disclosed below ) l. which gives me reasonable cause to believe that irE, any material respect. the requirements: to keep accounting records in accordance with section 130 of the Charity Act- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charity Act have not been met: or 2. to which, in my oplnlon. attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date.. 03fy October-2024 Name Relevant professional qualification or body Trustee of Reading Islamic Centre Address: 72 Salisbury Road, Reading, RG30 IBN Chairty No. 1103759 ## Al Majid Welfare Trust ## Registered Office 215 Northumberland Avenue, Reading RG2 7PX FINANCIAL STATEMENT Accounts From 03/01/2021 to 02/01/2022 Chairty No. 1103759 ## Al Majid Welfare Trust Registered Office 215 Northumberland Avenue, Reading RG2 7PX ## Index |Index|| |---|---| |FINANCIAL STATEMENT|| |Accounts From 03/01/2021 to 02/01/2022|| ||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 2022 |||incom genrate|incom genrate|02/01/2022|02/01/2021| |---|---|---|---|---|---| |Collection||**Restricted**|**Un restricted**|**Total funds **|**Total funds**| |Donation||13731|185421|199152|54527| |Intrest Receved|||||18| |Gift aid claim HMRC / Grant|||31416|31416|48364| ||Fee Receved||340|340|620| ||Rental incom||52301|52301|58813| |Premsise|Rental expences|-2725||-2725|-1162| ||Total other spending|-10062||-10062|-10210| ||Property investment||||0| |||**944**|**269478**|**270422**|**150970**| ## **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**|| |---|---|---|---|---|---|---| ||||7941|||| |**Cash in hand + Bank**|||5020|11176|24137|| ||Debtors|||||| ||Prepayments||||0|24137| |||||||**1337137**| |**Less Liabilities**||||||| |Loan||||98000||| |Vat||||316||| |PAYE Tax &|NIC|||721||| |Rent deposit account||1250||1250||| |Rent deposit account||||7941||| |Rent due|to pay|||0|108228|| ||||||**1228909**|| |||02/01/2022|02/01/2021|||| |Reserve Balance B/F||986530|835008|||| |Reserve Funds in year||242379|151522|||| |Total Funds||**1228909**|**986530**|||| Income and Expenditure account Page 4 Chairty No. 1103759 Al Majid Welfare Trust Accounts From 03/01/2021 to 02/01/2022 |Trustee donation
Friday / public donation
**Restricted donation**
Intrest receved
Gift aid claim from HMRC
National Grant
Fee Receved
Rent from property
salaries & wages
13,851.00
£
Insurance
2,448.00
£
contractor
6,462.00
£
legal services
700.00
£
Fixture fitting
5,227.00
£
light heat and power
1,441.00
£
Rent & Rates
407.00
£
Water charges
73.00
£
Telephone Postage & stationary
159.00
£
Donation
10,062.00
£
40,830.00
£
Surplus incom
Reserv b/f
Reserve total||100,000.00
£
85,421.00
£
13,731.00
£
-
£
-
£
31,416.00
£
340.00
£
52,301.00
£
283,209.00
£
.
40,830.00
£
242,379.00
£| |---|---|---| |||986,530.00
£
1,228,909.00
£| Chairty No. 1103759 ## Al Majid Welfare Trust ## Registered Office 215 Northumberland Avenue, Reading RG2 7PX ## FINANCIAL STATEMENT Accounts From 03/01/2022 to 02/01/2023 Chairty No. 1103759 ## Al Majid Welfare Trust Registered Office 215 Northumberland Avenue, Reading RG2 7PX |Index||| |---|---|---| |FINANCIAL STATEMENT||| |Accounts From 03/01/2022 to 02/01/2023||| ||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 2023 |||incom genrate|||02/01/2023|02/01/2022| |---|---|---|---|---|---|---| |Collection||**Restricted**|**Un**|**restricted**|**Total funds **|**Total funds**| |Donation||18277||90468|108745|199152| |Intrest Receved||38|||38|| |Gift aid claim HMRC / Grant|||£|66,844.00
|66844|31416| ||Fee Receved|||1153|1153|340| |Premsise|Rental incom|||63147|63147|52301| |Expence|Rental expences|||0|0|-2725| ||Total other spending|0||-31361|-31361|0| ||Donation|-12146||0|-12146|-10062| |Deficit (Surplus) for the year||**6169**||**190251**|**196420**|**270422**| ## **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** |**Current Assets**|||||| |---|---|---|---|---|---| ||Cash|**saving a/c**|**currant a/c**|**Total**|| |||20059|7989||| |**Cash in hand + Bank**||100000|17254|145302|| |Debtors|||||| |Prepayments||||0|145302| ||||||**1458302**| |**Less Liabilities**|||||| |Loan|||21000||| |Vat|||559||| |PAYE Tax & NIC|||2175||| |Rent deposit account|1250||1250||| |Rent deposit account|||7989||| |**Total Liabilities**||||32973|| |Total Funds Reserve|||||**1425329**| ||02/01/2023|02/01/2022|||| |Reserve Balance B/F|1228909|986530|||| |Reserve Funds in year|196420|242379|||| |Total Funds Reseve|**1425329**|**1228909**|||| Income and Expenditure account Page 4 |Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2022
Trustee donation
31,871.00
£
Friday / public donation
58,597.00
£
**Restricted donation**
Intrest receved
Gift aid claim from HMRC
National Grant
Fee Receved
Rent from property
salaries & wages
24,924.00
£
Insurance
1,192.00
£
legal services
-
£
Fixture fitting
2,959.00
£
Telephone Postage & stationary
371.00
£
Rent & Rates
-
£
Water charges
-
£
light heat and power
1,915.00
£
Donation
12,146.00
£
43,507.00
£
Surplus incom
Reserv b/f
Reserve total|Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2022|Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2022|to 02/01/2023
£90,468.00
18,277.00
£
38.00
£
66,844.00
£
1,153.00
£
63,147.00
£
239,927.00
£
.
43,507.00
£
196,420.00
£| |---|---|---|---| ||||| ||||1,228,909.00
£
1,425,329.00
£| Chairty No. 1103759 ## Al Majid Welfare Trust ## Registered Office 215 Northumberland Avenue, Reading RG2 7PX ## FINANCIAL STATEMENT Accounts From 03/01/2023 to 02/01/2024 Chairty No. 1103759 Al Majid Welfare Trust Registered Office 215 Northumberland Avenue, Reading RG2 7PX |Index||| |---|---|---| |FINANCIAL STATEMENT||| |Accounts From 03/01/2023 to 02/01/2024||| ||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 2024 |||incom|genrate||||02/01/2024||02/01/2023| |---|---|---|---|---|---|---|---|---|---| |Collection||**Restricted**||**Un**|**restricted**|**Total funds **||**Total funds**|| |Donation|||20,099||154,324||174,423||108,745| |Intrest Receved|||4,632||||4,632||38| |Gift aid claim HMRC / Grant|||||22,635||22,635||66,844| ||Fee Receved||||3,610||3,610||1,153| |Premsise|Rental incom||||79,210||79,210||63,147| |Expence|Rental expences||||-||-||-| ||Total other spending||-|-|41,603
|-|41,603
|-|31,361
| ||Donation|-|12,187
|||-|12,187
|-|12,146
| |Deficit (Surplus) for the year|||**12,544**||**218,176**||**230,720**||**196,420**| ## **Book value** ## **Fixed Assets** 2,Bennet place Reading RG2 0XU £ 305,000 6,Foxhays road Reading RG2 8NA £ 280,000 579-581 Basingstoke Road Reading TG2 0SJ £ 450,000 215 Northumberland Avenue Reading RG2 7PX £ 278,000 £ 1,313,000 Total ## **Current Assets** |**Current Assets**|| |---|---| |Cash
**saving a/c**
**currant a/c**
**Total**
335,939
£
13,873
£
**Cash in hand + Bank**
8,108
£
357,920
£
Debtors
Prepayments
-
£|357,920
£| ||**1,670,920**
**£**| ## **Less Liabilities** |**Less Liabilities**||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Loan||||||0||||| |Vat|||||£|1,702
||||| |PAYE Tax & NIC|||||£|61
||||| |Rent deposit account|£|1,250
|£|3,750
|£|5,000
||||| |Rent deposit account|||||£|8,108
||||| |**Total Liabilities**|||||||£|14,871
||| |Total Funds Reserve|||||||||**£**|**1,656,049**
| ||02/01/2024|||02/01/2023||||||| |Reserve Balance B/F|£|1,425,329
|£|1,228,909
||||||| |Reserve Funds in year|£|230,720
|£|196,420
||||||| |Total Funds Reseve|**£**|**1,656,049**
|**£**|**1,425,329**
||||||| Income and Expenditure account Page 4 |Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2023 to 02/01/2024
Trustee donation
76,766.00
Friday / public donation
77,558.00
**Restricted donation**
20,099.00
174,423.00
Intrest receved
4,632.00
Gift aid claim from HMRC
22,635.00
National Grant
Fee Receved
3,610.00
Rent from property
79,210.00
284,510.00
salaries & wages
35,448.00
Insurance
1,069.00
legal services
-
Fixture fitting
1,685.00
.
Telephone Postage & stationary
471.00
Rent & Rates
-
Water charges
-
light heat and power
2,930.00
Donation
12,187.00
53,790.00
53,790.00
Surplus incom
230,720.00
Reserv b/f
1,425,329.00
Reserve total
1,656,049.00|Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2023 to 02/01/2024
Trustee donation
76,766.00
Friday / public donation
77,558.00
**Restricted donation**
20,099.00
174,423.00
Intrest receved
4,632.00
Gift aid claim from HMRC
22,635.00
National Grant
Fee Receved
3,610.00
Rent from property
79,210.00
284,510.00
salaries & wages
35,448.00
Insurance
1,069.00
legal services
-
Fixture fitting
1,685.00
.
Telephone Postage & stationary
471.00
Rent & Rates
-
Water charges
-
light heat and power
2,930.00
Donation
12,187.00
53,790.00
53,790.00
Surplus incom
230,720.00
Reserv b/f
1,425,329.00
Reserve total
1,656,049.00|Chairty No.
1103759
Al Majid Welfare Trust
Accounts From 03/01/2023 to 02/01/2024
Trustee donation
76,766.00
Friday / public donation
77,558.00
**Restricted donation**
20,099.00
174,423.00
Intrest receved
4,632.00
Gift aid claim from HMRC
22,635.00
National Grant
Fee Receved
3,610.00
Rent from property
79,210.00
284,510.00
salaries & wages
35,448.00
Insurance
1,069.00
legal services
-
Fixture fitting
1,685.00
.
Telephone Postage & stationary
471.00
Rent & Rates
-
Water charges
-
light heat and power
2,930.00
Donation
12,187.00
53,790.00
53,790.00
Surplus incom
230,720.00
Reserv b/f
1,425,329.00
Reserve total
1,656,049.00| |---|---|---| |||| |||1,425,329.00
1,656,049.00|