Annual Report - December 2024 Registered charity in England and Wales (1105355) ## Board of Trustees (BoT) **----- Start of picture text -----**
Your Board of
Trustees has overall
responsibility for the
Shahab Mohammod Syed Mohammed
Ali Hasan Miah Shadi Latif Motin Khan
strategic leadership,
Senior
Vice-chair Citizen
Chair & Treasurer Secretary Liaison governance and
Advisor appropriate controls
for your masjid (the
charity).
Mohammed Eqbal Hussain Samad Uz Sirajul
Lala Miah Miah Zaman Islam
Senior Young People Young People Events &
Citizen
Liaison Liaison Liaison Programme
Advisor Advisor Advisor Advisor
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## Review of our charity structure - Our charity’s (The mosque and community) needs have grown since we registered as an unincorporated charity trust in 2004. - As per Charity Commission's recommendation, the BoT began a review of our existing structure and governance and how we can better safeguard our Masjid, the charity, our legal obligations and the best interest of our donors. - Seeking provisional and legal advice it has been analysed that transitioning to the Charity Commission’s **Charitable Incorporated Organisation (CIO)** - association model structure would be the most sensible. - The purpose, management structure and legal regulator will not change in this transition. - Once completed the charity as a CIO will have a new charity registration number. ## Roadmap: our CIO transition **----- Start of picture text -----**
AGM 2023
Review Assign Transfer
existing professional Members assets and
charity and legal consultation liabilities to
structure advisors and feedback the new CIO
Safeguard Compile CIO Register CIO Operate all
the charity by governing with Charity services
evaluating document Commission under new
alternative CIO, fully
replacing the
charity trust
We are here
AGM 2024
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## Management Committee (MC) elections The Board of Trustees will arrange to hold the next Management Committee (MC) election in Autumn 2025 (October/November 2025). ## Management Committee (MC) **----- Start of picture text -----**
Koddus Khalid Souiful Azom
Ali Hussain Alam Miah
Chair Vice-chair Secretary Treasurer
Shahamran Mohammed Farid Abdullah
Miah Al-Imran Ali Zunaid
Education Technology, Facilities Events &
Audio & Media Programme
Officer Coordinator Manager Coordinator
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Your Management Committee are responsible for maintaining security and the day-to-day management of all services of your masjid (the charity). ## MC Update |**CORE SERVICES & FACILITIES**|Continue to improve our core services and facilities to
ensure it continually meets the needs and demands of our
members and our growing community.| |---|---| |**MADRASAH**|Continue to modernise our Madarasah system and syllabus,
equip teachers with advanced training and provide better IT
facilities and digital learning tools for our students.| |**YOUTH ENGAGEMENT**|Increase youth engagement through structured classes,
games, activities and trips.| |**SISTERS ENGAGEMENT**|Organise structured classes and activities in line with the
needs of our sisters.| |**RESIDENTIAL FLATS**|Continue to work with the Contractors to complete the
project and commission the flats for rental.| |**REVIEW POLICIES &**
**PROCEDURES**|To ensure we continue to be legally compliant.| ## Facilities upgrade & development **----- Start of picture text -----**
New External Signs Playground New Klix Machine With
Contactless Payment
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## Facilities upgrade & development **----- Start of picture text -----**
Window Protection Wheelchair Lift Sports Nets
Sports Hall
upgrade
funded by
Cricket
Wales
Sports Lighting Storage Facility
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## Facilities upgrade & development ## WORKS IN PROGRESS - Garden Water Feature - External Floodlights - Solar Panels ## PLANNED WORKS - Heat Pumps - Air Conditioning for Brothers & Sisters Prayer Halls Re tiling the Wudu Area Floor ## Residential development project - Conversion of the top 3 storeys of our former buildings into income generating residential apartments - The residential development project comprises of 9 new spacious 1 & 2 bed apartments - Work commenced in October 2019. ## **WORKS COMPLETED TO DATE:** - Rear of building demolished and rebuilt - Completed the external structure of the building including windows New internal flooring completed for the 4 storey development Internal wall structure for each of the flats are now in place Entire roof of the building replaced - Alhamdulillah, 5 units complete and 2 more nearing completion Residential development project Works completed to date **Bathroom** **Living Space/Kitchen** **Bedroom with balcony** ## Residential development project Flats nearing completion **Kitchen** **Bedroom Living Space** Residential development project Installation of the permanent access staircase **Ground Floor to Top Floor View** **Top Floor View** Residential development project Installation of the permanent access staircase **Ground Floor to First Floor View** **Second Floor View** ## Madrasah Update - Dr Islam (Madrasah headteacher) & Mufti Eunus (Head of Hifz) - 138 pupils’ morning Madrasah, 85 pupils’ afternoon Madrasah and 16 Hifz students. Total 239 pupils. Morning sessions are almost full. Additional two classes are now held in the Main Prayer Hall to meet with demand - 13 morning classes and 8 afternoon. 21 leavers and 40 new recruits. Approximately 29 on waiting list - Although, minimum wages have increased, our our fees have remained the same - Alhamdulillah, the Madrasah continues to be in a healthy financial position ## Madrasah Update **Enrolment** to be conducted **three times a year** (Sept, January and April) **Academic Review Day** (ARD) Changing to three this year **Key assessment** each half term with MCQ assessment after 3 weeks, followed by an end of year exam Class location re-restructured and **Fire Drills** twice a year Implementation of **Tajweed month** in the summer term last year from year 6 and above ## Maintain Quality & Standards **----- Start of picture text -----**
5 half termly
assessment and end
of year exam.
Formal lesson
observations by the
management team
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Thematic
observations
including book check,
diary monitoring,
uniform etc.
Internal staff Tajweed
and recitation
assessment
conducted by Mufti
Eunus
Headteacher available
both session
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Individual target
setting and
monitoring each term
Performance
Management Review
(PMR)
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## Staff Training & Development 2023-2024 - **ALN Training** with Safar publication in Cardiff - **Safeguarding** training from Teacher from Olchfa School - **Differentiation training** by Kath Scordino (Olchfa school) **Lesson planning** by Aled Evans (Olchfa school) **Prophetic teaching** by Shiekh Rizwan **Online training** with Safar publication Basic **life-saving course** for new staff 3 weeks summer **Tajweed course** **----- Start of picture text -----**
Careers
Fair
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## Events, programmes & activities update **----- Start of picture text -----**
Youth Subcommittee
& Sisters
Subcommittee
Report
Halaqahs & Courses
Inspirational Talks Provided By Our
Imans
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## FOOD BANK “And they give food in spite of love for it to the needy....” (Surah Al **-Insaan)** Our foodbank provides service users with pre-packed boxes/bags of necessary food and other essential items to last up to two weeks **----- Start of picture text -----**
Total Average Total service
Voucher Users Per
Received Week users
3425
962 75
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We have seen the demand for our service increase compared to previous years. During the month of Ramadan, Swansea Mosque distributed 30 family packages This would not have been possible without the support from our key partners, Local Authority, Fareshare, SCVS and our local community members Welsh Baccalaureate Volunteers achieve accreditation Charity registration number: 1105355 ## Swansea Mosque and Islamic Community Centre Annual Report and Financial Statements for the Year Ended 31 March 2024 K B Ferguson Ltd T/A Fergusons & Peters Chartered Accountants 4 High Street Pontardawe Swansea SA8 4HU Chartered Accountants ## **Swansea Mosque and Islamic Community Centre** ## **Contents (continued)** |**Contents (continued)**|| |---|---| |Reference and Administrative Details|1| |Trustees' Report|2| |Statement of Trustees' Responsibilities|3| |Independent Examiner's Report|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 13| ## **Swansea Mosque and Islamic Community Centre** ## **Reference and Administrative Details** ## **Chairman** Mr Shahab Ali **Charity Registration Number** 1105355 **Principal Office** 159a St Helen's Road Swansea SA1 4DG **Independent Examiner** K B Ferguson Ltd T/A Fergusons & Peters Chartered Accountants 4 High Street Pontardawe Swansea SA8 4HU Page 1 ## **Swansea Mosque and Islamic Community Centre** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. ## **Objectives and activities** ## _**Public benefit**_ ## Activities undertaken to further public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, governance and management Financial instruments** ## _**Objectives and policies**_ The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. ## _**Cash flow risk**_ The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. ## _**Credit risk**_ The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. ## _**Liquidity risk**_ In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Page 2 ## **Swansea Mosque and Islamic Community Centre** ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on ………………….. and signed on its behalf by: ......................................... Mr Shahab Ali Chairman Page 3 ## **Swansea Mosque and Islamic Community Centre** ## **Independent Examiner's Report to the trustees of Swansea Mosque and Islamic Community Centre** I report to the trustees on my examination of the accounts of Swansea Mosque and Islamic Community Centre for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of Swansea Mosque and Islamic Community Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Swansea Mosque and Islamic Community Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** Since Swansea Mosque and Islamic Community Centre's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of Swansea Mosque and Islamic Community Centre as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ...................................... D Beniamous FCCA For and on behalf of Fergusons & Peters Chartered Accountants 4 High Street Pontardawe Swansea SA8 4HU …………………………….. Page 4 ## **Swansea Mosque and Islamic Community Centre** ## **(Registration number: 1105355) Balance Sheet as at 31 March 2024** ||**2024**
**2023**| |---|---| |**Note**|**£**
**£**| |**Fixed assets**|| ||| |Tangible assets
8|668,043
663,400| |**Current assets**|| ||| |Cash at bank and in hand
9|25,307
19,945| |**Creditors: Amounts falling due within oneyear**
10|| ||(1,240)
(1,200)| |**Net current**assets|| ||24,067
18,745| |**Total assets less current liabilities**|| ||692,110
682,145| |**Creditors: Amounts falling due after more than oneyear**
11|| ||(78,500)
(99,500)| |**Net**assets|| ||613,610
582,645| |**Funds of the charity:**|| |**Unrestricted income funds**|| ||| |Unrestricted funds|613,610
582,645| |**Total funds**
12|| ||613,610
582,645| The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on …………………... and signed on their behalf by: ......................................... Mr Shahab Ali Chairman The notes on pages 6 to 13 form an integral part of these financial statements. Page 5 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1 Accounting policies** ## **Statement of compliance** The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** Swansea Mosque and Islamic Community Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## _**Donations and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## _**Grants receivable**_ Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Page 6 ## **Swansea Mosque and Isamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Borrowings** Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 7 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 8 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## _**Debt instruments**_ Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment. ## _**Investments**_ Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 9 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## _**Derivative financial instruments**_ The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. ## **2 Income from charitable activities** |**2**
**Income from charitable activities**|||| |---|---|---|---| ||**Unrestricted**|**funds**|**Total**| ||**General**|**Other**|**2024**| ||**£**|**£**|**£**| |Madrasah Donations|88,008|-|88,008| |Community Centre Donations|201,664|-|201,664| |Gift Aid Tax reclaimed|12,288|-|12,288| |Grants|154,000|-|154,000| |Rental income|-|24,000|24,000| |Food Bank Donations|-|5,033|5,033| |FacilityHire & Others|-|4,333|4,333| ||455,960|33,366|489,326| ||**Unrestricted**|**funds**|**Total**| ||**General**|**Other**|**2023**| ||**£**|**£**|**£**| |Madrasah Donations|74,066|-|74,066| |Community Centre Donations|166,400|-|166,400| |Gift Aid Tax reclaimed|14,974|-|14,974| |Grants|138,112|-|138,112| |Rental income|-|24,000|24,000| ||393,552|24,000|417,552| ## **3 Net incoming/outgoing resources** Net incoming resources for the year include: |Net incoming resources for the year include:|| |---|---| ||**2024**
**2023**| ||**£**
**£**| |Depreciation of fixed assets|4,243
2,696| Page 10 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## **4 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **5 Staff costs** The aggregate payroll costs were as follows: The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: |charity during the year expressed as full time equivalents was as follows:|| |---|---| ||**2024**
**2023**| ||**No**
**No**| |Charitable activities|23
15| No employee received emoluments of more than £60,000 during the year |No employee received emoluments of more than £60,000 during the year|| |---|---| |**6**
**Independent examiner's remuneration**|| ||**2024**
**2023**| ||**£**
**£**| |Examination of the financial statements|| ||1,410
1,380| Page 11 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** ## **7 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **8 Tangible fixed assets** |||**Land and**|**Furniture and**|| |---|---|---|---|---| |||**buildings**|**equipment**|**Total**| |||**£**|**£**|**£**| |**Cost**||||| |At|1 April 2023|655,311|55,855|711,166| |Additions||-|8,886|8,886| |At|31 March 2024|655,311|64,741|720,052| |**Depreciation**||||| |At|1 April 2023|-|47,766|47,766| |Charge for theyear||-|4,243|4,243| |At|31 March 2024|-|52,009|52,009| |**Net book value**||||| |At|31 March 2024|655,311|12,732|668,043| |**9**|**Cash and cash equivalents**|||| ||||**2024**|**2023**| ||||**£**|**£**| |Cash at bank|||22,350|17,995| |Other cash and cash equivalents|||2,957|1,950| ||||25,307|19,945| |**10**|**Creditors: amounts falling due within one year**|||| ||||**2024**|**2023**| ||||**£**|**£**| |Trade creditors|||1,240|1,200| |**11**|**Creditors: amounts falling due after one year**|||| ||||**2024**|**2023**| ||||**£**|**£**| |Qarde Hasana|||78,500|99,500| |**12**|**Funds**|||| Page 12 ## **Swansea Mosque and Islamic Community Centre** ## **Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)** |**Balance at 1**
**April 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**March 2024**|**Balance at 1**
**April 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**March 2024**| |---|---| |
**£**
**£**

**£**
**£**|| |**_General_**|| |Unrestricted Funds
582,645
489,326
(458,361)
613,610|| |**Balance at 1**
**April 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at 31**
**March 2023**|| |
**£**
**£**

**£**
**£**|| |**_General_**|| |Unrestricted Funds
548,485
417,552
(383,392)
582,645|| |**13**
**Analysis of net assets between funds**|| ||**Unrestricted**
**Total funds at 31**| ||**funds**
**March**| ||**General**
**2024**| ||**£**
**£**| |Tangible fixed assets|668,043
668,043| |Current assets|25,307
25,307| |Current liabilities|(1,240)
(1,240)| |Creditors over 1year|(78,500)
(78,500)| |Total net assets|| ||613,610
613,610| ||**Unrestricted**
**Total funds at 31**| ||**funds**
**March**| ||**General**
**2023**| ||**£**
**£**| |Tangible fixed assets|663,400
663,400| |Current assets|19,945
19,945| |Current liabilities|(1,200)
(1,200)| |Creditors over 1year|(99,500)
(99,500)| |Total net assets|| ||582,645
582,645| Page 13 ## **Swansea Mosque and Islamic Community Centre** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** ||**Total**
**Total**| |---|---| ||**2024**
**2023**| ||**£**
**£**| |**Income and Endowments from:**|| |Donations and legacies (analysed below)|455,960
393,552| |Other income(analysed below)|33,366
24,000| |Total income|| ||489,326
417,552| |**Expenditure on:**|| |Charitable activities(analysed below)|(458,361)
(383,392)| |Total expenditure|| ||(458,361)
(383,392)| |Net income|| ||30,965
34,160| |Net movement in funds|| ||30,965
34,160| |**Reconciliation of funds**|| |Total funds brought forward|| ||582,645
548,485| |Total funds carried forward|| ||613,610
582,645| This page does not form part of the statutory financial statements. Page 14 ## **Swansea Mosque and Islamic Community Centre** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued)** ||**Total**|**Total**| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**_Donations and legacies_**||| |Madrasah Income|88,008|74,066| |Community Centre Donations|201,664|166,400| |Gift Aid|12,288|14,974| |Grants received|154,000|138,112| ||455,960|393,552| |**_Other income_**||| |Rental income|24,000|24,000| |Food Bank Donation|5,033|-| |FacilityHire & Others|4,333|-| ||33,366|24,000| |**_Charitable activities_**||| |Wages and salaries|(145,856)|(103,651)| |Staff pensions (Defined contribution) - pension scheme 1|(1,658)|(1,344)| |HMRC|(5,133)|-| |Staff training|(300)|(250)| |Rates and Water rates|(8,596)|(3,900)| |Light, heat and power|(19,165)|(21,552)| |Insurance|(8,743)|(7,878)| |Repairs and maintenance|(161,837)|(112,052)| |Radio replacements and maintenance|(3,020)|(3,174)| |Residential flats development|(43,320)|(85,321)| |Telephone|(1,361)|(1,156)| |Computer software and IT Costs|-|(5,388)| |Printing, postage and stationery|(5,643)|(3,924)| |ICO charges|(40)|(40)| |Charitable donations - CAP Foundation|(3,045)|(2,741)| |Vending machine rental (coffee machine)|(597)|(738)| |Coffee machine refreshments|(735)|(1,481)| |Youth Club & Madrasah|(11,789)|-| |Sundry expenses|(3,127)|(2,247)| |Cleaning products|(8,414)|(4,471)| |Ramadan Expenses|(16,088)|(12,597)| |Foodbank Purchase|(2,156)|(3,009)| |Bank charges|(590)|(894)| |Loyalty reward from bank|65|92| |Depreciation of plant and machinery|(3,018)|(1,062)| This page does not form part of the statutory financial statements. Page 15 ## **Swansea Mosque and Islamic Community Centre** **Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued)** ||**Total**
**Total**| |---|---| ||**2024**
**2023**| ||**£**
**£**| |Depreciation of fixtures and fittings|(1,225)
(1,634)| |Accountancy fees|(1,410)
(1,380)| |Legal andprofessional fees|(1,560)
(1,600)| ||(458,361)
(383,392)| This page does not form part of the statutory financial statements. Page 16