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← Mohiuddin Trust

2024-12-31-accounts

TRUSTEES REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOHIUDDIN TRUST

MOHIUDDIN TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

Page
Company Information 3
Trustees Report 4
Report of the Independent Examiner 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 12

MOHIUDDIN TRUST

COMPANY INFORMATION for the Year Ended 31 December 2024

OPERATING NAME: Mohiuddin Trust
COMPANY NUMBER: 05066011 (England and Wales)
REGISTERED CHARITY
NUMBER: 1105585
REGISTERED OFFICE: Womble Bond Dickinson (UK) LLP
The Spark
Drayman’s Way
Newcastle Helix
Newcastle upon Tyne
NE4 5DE
TRUSTEES: Zaid Rehman (Secretary)
Tahir Choudry
Zahid Nawaz
CHAIRMAN: Tariq Mahmood
BANKERS: CAF Bank
25 Kings Hill Avenue
Kent
ME19 4JQ
LEGAL ADVISORS: Womble Bond Dickinson (UK) LLP
The Spark
Drayman’s Way
Newcastle Helix
Newcastle Upon Tyne
NE4 5DE
ACCOUNTANTS: Curle & Co (Scotland) Ltd
22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

PAGE 3

MOHIUDDIN TRUST

TRUSTEES REPORT for the Year Ended 31 December 2024

The Trustees present this report with the financial statements of the company for the year ended 31 December 2024. The Trustees adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

The principal activity of the company in the year under review was that of educational services.

OBJECTIVE AND ACTIVITIES

The charity’s objectives are:

• Advance religion particularly but not exclusively by the establishment and/or support of religious centres, mosques and places of worship, in accordance with the teachings of the Holy Qu’ran and the teachings of Holy Prophet Muhammad (Peace be upon him - PBUH) conforming to the interpretations and accepted views of the Ahle Sunnah Wa Al-Jammah, (Brelwi) Hanafi School of thought, promoting Tasawwuf (Spirituality & Sufism) strictly in line with the teachings of the Charity’s founder Shaykh Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi);

• Prevent or relieve poverty, which shall include the relief of those in financial hardship and distress (whether permanent or temporary), including providing support financially and in-kind to such persons;

• Any other charitable purpose in accordance with the laws of England and Wales as the Trustees from time to time in their discretion think fit.

PUBLIC BENEFIT

During the year the Trustees have paid due regard to the Charity Commission guidance on public benefit reporting on activities which the charity has undertaken this year in pursuit of our charitable objectives.

2024 saw the implementation of the first of a three-year organisational strategy with clear and specific objectives to take the Trust forward to deliver on its core objectives. Notably this has included work on the rebuild of Jamia Masjid Mohiuddin Siddiqua, Aston Birmingham, the main spiritual Masjid and base of Mohiuddin Trust in the UK.

The work of the Trust is increasing from previous reporting periods and is continuing to grow with tangible activity taking place on the ground. Ongoing the Trustees will pay attention to the Charity Commission’s general guidance on public benefit when reviewing its aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE

The Mohiuddin Trust is a charitable organisation striving to benefit people of all walks of life regardless of colour, creed, or social stature.

The Trustees are fully committed to the core values and the mission of the charity’s Founder the Blessed Shaykh Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi).

PAGE 4

MOHIUDDIN TRUST

TRUSTEES REPORT for the Year Ended 31 December 2024

Jamia Masjid Mohiuddin Siddiquia, Aston, Birmingham

During the first three quarters of the year, major ground works activity took place in advance of heavy machinery arriving in quarter four to sheet pile the site in preparation to construct the foundations of the building. The Trustees are pleased to report this has been completed on time, allowing progress to be made in advance of the winter break, ready to recommence activity in the new year.

The re-build of the Masjid has always been a key priority for the Trust, it was an objective of the Trust’s Founder the Blessed Shaykh Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi), this current stage is a significant step forward towards this goal. By commencing the construction, this has reenergised the community of followers of the Trust’s Founder, the Blessed Shaykh Pir Alauddin Siddiqui Sahib Rahmatullah Alaihi), allowing the Trust to rebuild old connections, trust and confidence with the community.

The Trustees fully understand the importance of pursuing the goal of rebuilding the Masjid and the significance this holds for the many hundreds of thousands of people across the globe connected to the Blessed Shaykh Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi) and our Spiritual Order.

By the grace and mercy of Allah Taa’la, the Trustees have a sincere commitment to make the dream of rebuilding the Masjid a reality.

Strategy

The Trusts 2024-2027 Organisation Strategy is now in the implementation phase and AlhumduLillah is being actively embedded in the strategic direction of the Trust.

The Strategy defines clear strategic priorities for the Trust, linked to our charitable purposes and the Mission of the Trust’s Founder the Blessed Shaykh Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi).

Values

Our Blessed Shaykh, Hazrat Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi), was always, merciful and compassionate to everyone regardless of their nature, Pir Sahib was always generous, kind and caring. These are the underpinning values of our organisation.

Path

Success truly only comes by the mercy of Almighty Allah Taal’a, through the Intercession of His Noble Prophet Muhammed (Peace be upon him), by following the teaching of the rightly guided and commitment and loyalty to our Blessed Shaykh Hazrat Pir Alauddin Siddiqui Sahib (Rahmatullah Alaihi), the Founder of Mohiuddin Trust.

The Trustees are truly honoured for having been given the opportunity to be part of this sacred mission, we humbly request everyone’s prayers and support.

Jazak’Allah Khaira

FINANCIAL REVIEW

The state of the charity’s affairs at 31 December 2024 and the results of its operations for the period ended on that date are set out in the attached financial statements.

Total incoming resources for the period were £58,143 (year ended 31 December 2023: £23,245) and charitable expenditure amounted to £76,523 (year ended 31 December 2023: £64,262).

As at 31 December 2024 the total unrestricted funds of the charity were £2,820,455 (year ended 31 December 2023: £2,855,687) and total restricted funds were £1,014,357 (year ended 31 December 2023: £997,505).

PAGE 5

MOHIUDDIN TRUST

TRUSTEES REPORT

for the Year Ended 31 December 2024

RESERVES POLICY AND GOING CONCERN

The reserves policy outlines our strategy for the charity to maintain a healthy source of reserves should they be required for operating costs in the event of loss of income or unexpected essential maintenance be required. Reserves will depend on the donations and grants received into the charity, however this policy outlines what should happen should the charity have excess funds to allow the build up of financial reserves.

Mohiuddin Trust aims to take a low risk strategy when it comes to reserves so the continued support of the charity can be guaranteed for years to come. Any reserves Mohiuddin Trust has will be saved and if necessary spent on essential operation costs which are unforeseen in situations where funding has been withdrawn.

In a utopic situation Mohiuddin Trust would like to hold reserves to the value of one years core operating costs, factoring in annual increases from the previous years. It is believed that reserves equivalent to one years core operating costs, would be sufficient for any unexpected event or loss of funding.

The objectives of the charity are paramount and while reserves would be preferable, the levels of reserves would be relevant to the risks associated with the following year.

Reserves will be monitored and reported on annually and discussed at the end of year board meeting.

Restricted reserves of £1,014,357 are held at year end and relate to Zakat funds (£22,735), the Masjid Project (£410,046) and the Centre Construction (£581,576). These reserves are held for the purposes stated in note 16.

The trustees have reviewed the circumstances of the Mohiuddin Trust and consider that adequate resources are available to fund its activities for the foreseeable future. The trustees are of the view that the Trust is a going concern.

KEY MANAGEMENT PERSONNEL Trustees and Directors

STRUCTURE, GOVERNANCE AND MANAGEMENT

Charity constitution and governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.

The charity constitutes a limited company by guarantee as defined by the Companies Act 2006 and is therefore governed by its Articles of Association. The company does not have any share capital and its liability of the members are limited to £1 each.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

PAGE 6

MOHIUDDIN TRUST

TRUSTEES REPORT

for the Year Ended 31 December 2024

TRUSTEES RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Mohiuddin Trust for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 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 in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

INDEPENDENT EXAMINER

Curle & Co (Scotland) Ltd were appointed as independent examiners and will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12[th] September 2025 and signed on its behalf by:

ON BEHALF OF THE BOARD:

........................................................................ Mr T Mahmood - Trustee

PAGE 7

MOHIUDDIN TRUST INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES for the Year Ended 31 December 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 on pages 9 - 19.

Responsibilities and basis or report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act2).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have following all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

I have completed my examination. I confirm that no material matters have come to my attention in connections with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other that any requirement that the accounts five 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.

Gareth Curle CA Curle & Co (Scotland) Ltd Chartered Accountants 22 Backbrae Street Kilsyth G65 0NH

Date: .............................................

PAGE 8

MOHIUDDIN TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Income from other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
Operation of Mohiuddin Trust
5
Total
NET INCOME/(EXPENDITURE)
Transfer between funds
16
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
25,836
9,000
19
34,855
76,523
76,523
(41,668)
6,436
35,232
2,855,687
2,820,455		 Restricted
fund
£
21,952
-
1,336
23,288
-
-
23,288
(6,436)
16,852
997,505
1,014,357		 Year Ended
31.12.24
Total funds
£
47,788
9,000
1,355
58,143
76,523
76,523
(18,380)
-
(18,380)
3,853,192
3,834,812		 Year Ended
31.12.23
Total funds
£
4,544
17,175
1,526
23,245
64,262
64,262
(41,017)
-
(41,017)
3,894,209
3,853,192

PAGE 9

MOHIUDDIN TRUST (REGISTERED NUMBER: 05066011)

BALANCE SHEET 31 December 2024

Notes
FIXED ASSETS
Intangible assets
10
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT (LIABILITIES)/ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Restricted Funds
Unrestricted funds
NET ASSETS		 31.12.24
£
£
5,040
3,394,885
3,399,925
53,000
399,545
452,545
17,658
434,887
3,834,812
3,834,812
509,115
3,325,697
3,834,812		 31.12.23
£
£
6,720
2,978,122
2,984,842
106,000
786,110
892,110
23,760
868,350
3,853,192
3,853,192
997,505
2,855,687
3,853,192		 31.12.23
£
£
6,720
2,978,122
2,984,842
106,000
786,110
892,110
23,760
868,350
3,853,192
3,853,192
997,505
2,855,687
3,853,192
3,853,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:-

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.

PAGE 10

MOHIUDDIN TRUST (REGISTERED NUMBER: 05066011)

BALANCE SHEET - continued 31 December 2024

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Sep 12, 2025

........................................................................

T Mahmood – Chairman

PAGE 11

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

General information and basis of preparing the financial statements

Mohiuddin Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The nature of the charity’s operations are provided on page 2 of the financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are presented in pound sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Financial reporting standard 102 – reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

Incoming recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value of receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed, and an equivalent amount recognised as charitable expenditure.

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities’. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities’.

Fixed asset gifts in kind are recognised when receivable, included at fair value, not deferred over the assets life.

PAGE 12

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest, and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity 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.

Allocation and apportionment of costs

Expenditure is allocated or apportioned between direct charitable expenditure, governance costs and the cost of management and administration of the charity as deemed appropriate by the management.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Freehold property - 1% on cost Fixtures and fittings - 25% on reducing balance

Going concern

After reviewing the charity’s forecasts and projections, the trustees have a reasonable expectation that there is adequate resources to continue in operation existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis financial instruments are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation

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

PAGE 13

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other 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 charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations

Year Ended Year Ended
31.12.24 31.12.23
£ £
47,788 4,544

3. INCOME FROM OTHER TRADING ACTIVITIES

Year Ended Year Ended
31.12.24 31.12.23
£ £
Rents received 9,000 17,175
4. INVESTMENT INCOME
Year Ended Year Ended
31.12.24 31.12.23
£ £
Bank interest receivable 1,355 1,526
5. CHARITABLE ACTIVITIES COSTS
Education services
£
Support costs (see note 6)
54,625
Bank finance costs
527
Depreciation
21,371
76,523		 Totals
£
43,416
357
20,489
64,262

PAGE 14

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

6. SUPPORT COSTS

Premises
General office
Advertising
Accountancy
Legal and other professional fees		 General
support
£
20,240
7,004
8,659
-
-
35,903		 Governance
costs
£
-
-
-
3,570
15,152
18,722		 Totals
£
20,240
7,004
8,659
3,570
15,152
54,625

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting)

Year Ended Year Ended
31.12.24 31.12.23
£ £
Depreciation – owned assets 21,371 20,489

8. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31[st] December 2024 nor for the year ended 31[st] December 2023.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31[st] December 2024 nor for the year ended 31[st] December 2023.

PAGE 15

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Income from other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Operation of Mohiuddin Trust
Total
NET INCOME/(EXPENDITURE)
Transfer between funds
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
4,243
17,175
9
21,427
61,561
61,561
(40,134)
(185,684)
(225,818)
3,081,505
2,855,687		 Restricted
fund
£
301
-
1,517
1,818
2,701
2,701
(883)
185,684
184,801
812,704
997,505		 Total funds
£
4,544
17,175
1,526
23,245
64,262
64,262
(41,017)
-
(41,017)
3,894,209
3,853,192

PAGE 16

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

10. INTANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for period
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for period
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
3,157,875
436,455
3,594,330
180,188
19,583
199,771
3,394,559
2,977,687		 Fixtures
and
fittings
£
22,730
-
22,730
22,295
109
22,404
326
435		 Development
costs
£
8,400
-
8,400
1,680
1,680
3,360
5,040
6,720
Totals
£
3,180,605
436,455
3,617,060
202,483
19,692
222,175
3,394,885
2,978,122

11. TANGIBLE FIXED ASSETS

PAGE 17

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

12. DEBTORS

Amounts falling due within one year:
Trade debtors
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses		 31.12.24
£
3,000
50,000
53,000
-
53,000
31.12.24
£
15,108
2,550
17,658		 31.12.23
£
3,000
300,000
303,000
-
303,000
31.12.23
£
20,940
2,820
23,760

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities		 Unrestricted
fund
£
2,818,349
-
19,764
(17,658)
-
2,820,455		 Restricted
fund

£
581,576
-
432,781
-
-
1,014,357		 31.12.24
Total funds
£

3,399,925

-

452,545

(17,658)
-
3,834,812		 31.12.23
Total funds
£
2,984,842
-
892,110
(23,760)
-
3,8953,192

15. TRANSFERS BETWEEN FUNDS

For the year ended 31 December 2024 £6,436 (year ended 31.12.24: £185,684) was transferred from restricted funds to unrestricted funds. The funds were transferred at the discretion of the trustees for the purposes of the Masjid project. Refer to note 16 for a breakdown of the transfer and intended purpose of the donor.

PAGE 18

MOHIUDDIN TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

16. MOVEMENT IN FUNDS

Analysis of movements in unrestricted funds

General Fund
TOTAL FUNDS		 Funds
1.1.23
2,855,687
2,855,687		 Incoming
resources
£
34,855
34,855		 Resources
expended
£
(76,523)
(76,523)		 Transfers
£
6,436
6,436		 Funds
31.12.24
£
2,820,455
2,820,455

General funds are funds available for use at the discretion of trustees in furtherance of the general activities of the charity.

Analysis of movements in restricted funds

Zakat
Masjid Project
Centre Construction
TOTAL FUNDS		 Funds
1.1.24
21,129
831,255
145,121
997,505		 Incoming
resources
£

1,570

21,718

-

23,288		 Resources
expended
£
-
-
-
-		 Transfers
£
36
(442,927)
436,455
(6,436)		 Funds
31.12.24
£
22,735
410,046
581,576
1,014,357

Zakat funds are those received by the charity to be given to the following eight groups:

The Masjid Project relates to funds to be used for the rebuild of the mosque located in Birmingham.

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