REGISTERED CHARITY NUMBER: 1108415 ABU BAKR TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31 AUGUST 2024
ABU BAKR TRUST coiYrEiYfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Trustees, Report Ayditor's Report Statement Of FiDaneial Aetivities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes To The Fillancial Statements 15 Income & Expenditure Statement 22
ABU BAKR TRUST REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The TruSpsetthertp0rt andaudited fanCIsI sialejnents of the Charity forthe yfdTULded 31 August 2024. REFERENCEAND ADMINISTRATIVE DETAILS CHARITY NUMBER: REGISTERED ADDRLSS 154-160 Wednesbury RoAd West Midlartds WS14JJ TRUSTEES rQh1£ Ahrned MrMobamtnAd Zi#vIqasimi frs Bth LuqmaD ACCOUNTANTS IAUDtTORS MAT Global Limiied 5 HighEatt Bu5ine55 C¢lllre Highgate Road B1insharn B12 8EA BANKERS Unity Bank Metro Bank P36e l of 22
ABU BAKR TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The iTU51ees present their annual report and financial statements of th¢ ¢bJTity for the yearended 31 August 2024. The financial stAtements b)ve bÈenprÈp8r¢d in J¢¢QTdan(e wih the accouniing liCIeS set ollt til nott l ofth¢ aru15 and comply with the chwity's ttU5E deed, the Chatities Act 2011 and Accountingand R¢portin6 by Channes.. Stateineniof Recortthiended Ptaeti¢e ISORPI applicable to ¢h4ritie5 preparingtheA¢¢QtsThts in accordantt widi the FinanciAI ReportlnE StAndaTd applicable in ihe UK and Republic of Ireland IFRS 1021. AdmlThlsltatlve InfotmAtiDIi Trustees who havesctved forthe year ended 31st Au8USt 2024 W¢Te as follows.. MtQAshif Abrntd Mr mol)rtMad Ziaulqasimi Mts Bushra Luqmllft - Trusfre - Tru$ft¢ l. CoverTr4Trre. SITuclure and Management Govetmlng Document Abll BakrTn]51 was con5ti1uled a5 a Chariuble TNst re8iStertd with thÈ Charity CoTwni55ion on 3rd March 2005 urtder the charity nunjber 1108415. It i$ govemed by a Deed of Trusidated on 7th October 21K)3. most r¢¢enily arnended ort IOthO¢tobcr2022. Org4n111Qngl Slruclure The tsustees are appoirttedbya resojuhon of th¢Trustsc5 passed QE a spccial meegin8 called undtr¢tsNse 15 ofthe Deed of T51. Tbe are responsible forthe day to dty tLU)ningotthE follon8'. - Abu Bak¢GlS S¢hool- DCSFNO.. 3356010 Est. 20 - Abu BJkrTrimary School (Boysand Girls thix¢dl E¥t. 2rM)9 - Abu BAkrBoys School_ [FN0". 3356013 E51. 2006 - Abu Bk[Ncry- EY435188 Est 2011 - MosjidAbu Bakr IEveninB Parttht S¢hooll. Est. 1999 - Jtyia Abu BakrIGlS 16+1 E51. 2002 - A]imaCiA55es Girls (Partiime EvcmitsBI - Masjid Abu Bakt." IMo5qll¢ rllIticS)- Ladies Adult Clèsses, FllM¢rAJ S¢rvice& Dar5 QUM (Monday). D4rs Hadith Ovednesdayl & Monthiystlldy Circles (Males& F¢maJ¢51 - Abu B4krTru5t M05qu¢ Reddilch (ESE. JY 20111 Artd Ev¢tsti P4rtTim¢ SEhuol IE5t. 20131 l. Oblecliy and Aetivitles Aiths IS£hoDts The objective5 ofthe Chanty ue sei oui ththe ChBritys Trust De¢d andaTC swnmarised as follows." - To #dvgny th¢ rducativn of¢hildTen, in particulDr Musbths thrO8h th¢ ¢514bli$kn¢nt andmaintenanC¢ ¢f educational csthbli%hJncntS alld mo5qU¢S. Page 2 of22
- Provide a stf< WEI[niNg ¢llwroJllneni in which cbildrett feel c¢nfidEntand secure.
- Value each Ghild as an individual tnsvring they reach their full potentiAI Aclldetni¢aJly and $wrin7]y.
- Develop high lilrrw and numerdcy skills.
- EncouT48e goodbchav1rtr. yespeci and th¢Ydlue ofworkingtogether.
- Fostts strong links pareDts 3Dd guardiarts.
- Encourage open debate atsd oreative thinkins.
- Give Stud¢nts ample oppomjnity to develop le&dership skdl$.
- 4serLse of beJortgthE Str¢ngthen comiimentto society.
- Ernpowti ¢ursbJden15 lo become aspirin& effe¢tivt and wodv¢tivr nwnber5 Of the BTitish *¢iEty.
- To develop smdenLS a¢tiVÈ And ¢ieative minds, a5ense of understandinBartd cornpassion forothets and ihe courage lo acton theirbelief5. We stresseach Child's $piritr)il. ]noral. inklleaual, social, emotional and physical developtnent. Our Schoots Th¢ PTIMW andse¢ondary 5thools cumi siaff comptise$ of tea¢het$. te4thS assislaDts, AdmiNstrntOTS lunch time suptNisots. Nr$try Th¢nUt$¢ry $¢h¢ol employs average 8 mernbets of staffand has cap¢ity foT61 thildten, a]1 ofwhich i$tsken up. Our Aims IMosquelAlull Educatloml Abu BgkrTN$ti$ thnbtella body forits %hools, m05ques& adult edcati0th. ObjeetiVe¥ Ourobjethives ue set to relleet the Islamjie faith and romrnunity aims. Each year, our trusttts OUTobje¢iives alld luiwlies lo eD5ur¢ they coNtinue to iefleci our oirns In carrythg obt this Tew¢w. the Inwees have considered the ChJT]ty conDis5loTh5ECnÈTl Butdartceon publi¢ b¢t*fit and in PATti¢ular its supplementary public 8llidartc¢ onth¢ advallcemeni ofrejigion f4rthe public bcDefJt. Ourdual aim5 Icrnain proiryde a facdity wherc tht conunwiitte5, in paTti¢ularthe MuslDns cth learn4bout151c tenet$. prtl]cc$ad r5bips. The tryst 3150 ain15 to prowde conllnllnity faciliiics foTall th¢ itthabitsNIs In lis 5urroundiDg4reas. Ourlons tetrn ambition is to build the self ¢ortfidenr¢ of the Mu51im5 in thew fEith and thmll8h ourronI1ry facllities alld a11<& help mpke a prd¢EfiJl. Kbrani and hatmOtiiOllS ¢Orntnunity. StrHtegics We wknt to rn8kcourMoSqUC Anaece55ible welcoming venue whereall Mu51irnx 01 th05¢ who wish to know more aboutour fait can gather iogetherto learnaboutthetrreliÈion and wotship. We Arc also lortuuieto have facditie$ IOT womeAwbo Warttio ptay ai th¢moSq. ThETB J5 now a faoility AlIable for ladies io perfotmJumuth al the Masjidllnd olsoTataw¢¢h prayers inthe month of Rutnadan. An importantpart of Our stratrEY i$ commw)ity spiritual welfare Dnd educatiob. AJI ¢rmIV]ty facilities artivitie5 Including classes d 5eminaT5 are advettised and we welcome thc patticipation ofall in our local cornmwjity. MuSbm4]N0n-mus1ll alik¢. All of o ¥¢bvitiE5 fr¢r wld suppurted by donation5. PaB¢ 3 of22
J. Re¢ruitmeTrl ad Appointrnent ofTrusttts The exi5tins tru5tee5 Ere rcspDll5ible forthe rectuiknentofnew trn$t¢t$ but ID doins so the Msree5 sttkthtwifw5 and rthimrnendations of boih ¢ld¢r$ and Cottèmunity leaders. The Nsiee5 believe this approach ensurts the n¢w tTU51ee5 are Tespecied tnembery ofthe rai1 Aftd local eomnjknnibts artd to ensure th)Ig4od latiOnS ate fostered beCen the Mosque artd thÈ p¢ople of the Ir] ¢onth)knnity thatwe serve. In 5eleains newmJ51ees, we seek io ideiitify wplewho reBuJatly itt¢nd ¢ven15 and functions orBanisedby th¢ clwity and arewillthg 10 volwilE¢ito help in ourbtoadercomrnunity wwk. Potertiial bvsttts are thwttd to attend mree5 rneeiiDss as observer5 and ue given moye detaits of the ChLty$ iims and a¢ttwiriesand, ifall agree, they are then propo$td as new trusiees At the substqu¢nl trustees. mtttins. This process allows cottsideiabon of the p¢tSQn'5 eligibility, personEI compeience, srttiali$i knowledge End skills. A¢¢¢rdinE to ourknwled8e. Abu BakrTrnst is amongst the very few ifn¢t th¢ only (from Mu51irn charities), to •ppoiNI and have a female hustee This will e]sur¢ thatthe voi(e of women is beu¢ females th Islarnic Co111¢S fLTrd it casier to approach females rkther thaD males. Indllttloth and TrilinittÈ 4)tTtYSle¢$ Following appointsnent, new iTU5ke5 are introduced to thÈtrn¢w t¢1¢ alld givencopic5 Of theTnLsr Deed and aEuide to the policies atsd pro¢¢du$ idow¢dby owcharity. A number ofpublications from the ¢hariiits uIiimissi¢D are also provided including the guidllnce ort elwities and publie benttfit and on the advan¢eTntni of religion for the public betsefit. This tnsures that newknLStees ate awar¢ of the scope of dieirresponsibilities under the ChatitiC$ A¢1. Initially. new ttusiees work With An existittgtsu51ee assilling om parficujar aGtte5 and projects tunbythe charity. After s#tisfa¢tory feedback fr¢tnui$ting ttusiees, theyue thertgiventhe task of leading • particulat Iclivity orpTQiV¢L repDrling progress at Stees. meetin¥s. 4. Arhievements A Trd Performince The ttusttts consider the academie pthforman¢¢ ofthe trusiduringthe fin4ncizl yearto have beertgood. D¢iiits Of1torSd inspErtion for Abu BakTTru5t ScboL)Is att provided btl¢wfoTta¢h $chool.. Abu Bakr Girls, School Abu B#krCirLs School - Abu BAkr Pritrtary Scbool (Abts Bakr Trw¢i DfE Dmber= Association: D4tc of in5per¢¥on-. Inspt<tDr'. Age range ofpuplls: Number eTrryJll¢d= 33516010 AMSUK 7 NoYember2023 Emmll Gater 4-16 ycat5 Nurobtr Of puplli wlth a iiAteEntTht 4)fJpe¢iil educational nttd.. Non¢ Mr. mo1i8tllnd Zi&]ql$llnL MT. Moharnmed iiaffjzan Head teacher.. o18¢h•ol- 154-160 Wcdnesbwy Roid Palfrey Wa]5411 W514JJ Telepkntse ttumhtr.. 01922 626829 IPrimDry Siiel 01922 612361 (Secondary Sikl Emall.. abubakr rlschool. During th¢abO in5p¢ction. the 5thoDI did not rneet all of the ependt $Ebool 5thndd5 that wete checked rturing the inspeaioo. Tbt fvjl Jwrtion report¢ viewdoth Ofst¢ds wrbsitt Drat knnk.htS".IirIles.ofs*d gov.uWviifJlc150236175" Pllgt 4 of 12
Achievements (Results) Thr r¢syJi$ ha5 Now been Eh8nBed and scoring rystenj is noWVen. Abu Bakr Glrli School_ Ke 024 Desrriptilln Ovtt811 Scores (Average) Grade 5 or above EnÈlish & Maths EBACC Average Point S¢oTC Abu Bakr Girls SchoDI 72/ 4.84 Score5 You ean Iiew our websites foran iti$iEhi ofovrs¢tVitt5 & achievements Websitfs www.abubak irlsch I www.abubak tim schtstsl. Abu Bakr Boys, School DtE number.. knocialion.. DAte Dfinsptttion: Lead Inspc£lor'. Age r•nge of pupils: roll.. 33516013 AMSUK 27- 29 February 2024 Wayne Simner 11-16 y¢prs 71 Pllpiis NuMbtr•f pupllj wlth a statemeot of $pt¢i•l educational nttd: None Chifthil'. Head tucher.. Mr. MohatnmBd zi&48Sli Mr. Mohatnmed knnzaft Addre55 of school: 154-160W¢dnB5bury Road PaIfiey Walsall WSI 4JJ Tdephone Allbe. Email: 01922 333786 ABBS Jdmin@abubaktxhool oYB.uk DutirtE thr abovc inspc¢tiOD. ov¢rall ¢(fKtivcn¢ss forthe school resulied in" Rcqwies ImpTQV¢rn¢llt" report. Full in5peciioA reports be viewed ots Ofsttds wEb5il¢ QTat link http5'.iifiles.of5ted gov.uklviifil¢150244325" Thtteam at Abu Bkn Boy5 S¢hoDI is WOTking hard in order to it arourtd Artd arE oonfideni thai they Will athiBve a'GoDd' Teport in the Dext InspectioJL all thcret1iainB pssy55tnelll area5 whichrequire improvetnent. Thry haalreAdY introded stvttal proredure5 io achieve the goal. Abu Bakr B Stbool- K PtrlormAn e45wrcs Summer 2024.. DM¢riwion Ov¢FoII 5¢oT¢$ (Arse) Grade5 OT Above EsliSb & Maths EBACC Averllse Poim Score Abu Bakt Boys School 68V 4.55 Scotes You our wEb5lt¢ foTan lSh1or our services & a¢bityEthrtsts. Web51te www.abubgkrb hool.0 Pagc 5 of22
Abu Bakr Nursery Out $try facilitits prowidt a prrf¢EI fLMwdalioll forthe pupils who wishto continuetheiredueation with one of Abll BAkY Tt'S SE15 Qr other indcpertderttprirnarylseeandthy sehooLs. Abu BakrNurseryha5 beEn pcrfottning incrediblywell over theyeEYs. It is ewdent fro]n Ofsi¢d's IllSP2CtiOD in Novembei 2021 whLch resulted in an "Outstthding" rnllng in all the ¥¢as ofa$5B5smenl. Reeislrati•n nMber. Daltolinspection- te4d Inspector.. AEÈ TJnge•f puplls: Number rojl.. EY435188 1. 24 Nov 2022 Trncey Bo14ndl Hayley L&pwo) 1-4year5 61 Pupils Addre$¥ of$¢boo].. 150 Wednesbllry Road Wa15all WS14JJ Tdephone nuThber'. 01922 276270 Full iweclioD report cDn be iryewed on ofsted's website orAt lts&'https"Ilfiles.of$itd.gov.uklvllfile150204086'. Maslld Abu Bkr (mosq) Ma$jidAbu B8kri$ a Mosove l¢aThinB otTetins the best religio (Deertil edlleatiort for age groups. We to concentrate on instill8 in Ollrpupils the de$iit to f¢llowthr rommathen15 0tAIIDh as Sho¥ byovrbciovedProphet Mohatnrnad IPeare Be UpDn Him). Adult Education As well as providirtg the facilbtits foTthe fi daily PTayers, Masjid Abu Bakroffets the followims". - Study CL1£5 IDailylMonth]yl . A week]y Dats4Qurgrt{every Monthyl - Aw¢EkJyDar3-¢-Hathth {everyWednesdayl - Monthly 3 day5 SdY ccle - Wetkly $tlldy ¢irtle for$teI5 - 5151e15'conference (Annually) - Men's rotsfrrtni¢ lknnualtyl These prograrnrnB5 aTedelivered by authentic Scholars wbo explain the Qutattlttd SuttDah in ils oriwnal fortned tntthth8S. EveniThg a855e5 IM4dr855al Thr EVCrtg Mgdtasah off¢ts a c¢mpr¢h¢n$iv¢ range Of5tsard]5ed courses ¢terfOrpUpslpeopl¢ ¢f any age Dnd 8eoderwhi¢h iticlude the following.. - Part Ajima ¢lasSB5 foTgirls lil i]ude5 knbic yarnmu, Sarf, Nahw. Lii¢r)tUTf. JuTi5prudence. Tajweedand Hifzl. . Mernori54tion (Hifzl of the Holy - Qaidth ¢l*ss¢$. - Navirah cl455es. This inclllde$ a full syll8bys whirhi$ Uushtal ajl ase5 Ln¢luding Fiql Se¢raL Hi510ry andTajweed. -AduJtda$sC5 for fwnal¢5. -Adu]t¢lasse5 formaie5. Pa8e 6 of 22
Fwneral Farilitie5.' The M05que prOdeS a rnplete funeral serrice in lirte th the teachings of151anL. We relieve the dtttas¢d'$ butaved
r¢lalive5 of the burden of organising burials. We also hold speciol Classes to te pt¢ple h¢w lo PToEeed with Islamic burial procedures.
comMnItY g¢tlvltSes
Out School halls and Cabins prolryde a valuable educational trtd reettatiottal restsurc¢ t¢ all in OUT lo[ conununity. Amryde variety of
4CbVities art orÈonisedand tak¢ pla¢¢ froTn ourcommunityttntre during the school holidays Irtd wtrkends.
5. CrownWork5
As 1¢ated th Note l2 we are awaibng titi¢ t¢El$tsltion foi this promyand fiffiherupdates shall be provided in the n&xt anllual report.
6. Otb¢r d¢veluymenl¥
In light of on8oingcash-t]ow issues the Mjstees con1jne to look 41 all of itnpronSthe sinjation.
The aitn of this shall be to reduce dependency on exiernal bothprivatt loan$ as well a5 secwed ld88 fjnaoct.
The plart i% to achieve thisvia ac¢mbinLtion ofthe follo8..
thigoiiJgwl¢oJsNrpkn/tt¢holdpw¢rty
Sal£ apIe£back OJopEraliIltyfjlJbl¢}
wilh br[118[jIjjjce. 1ojfvoN.ajfroknxh li)i¢r¢sI¢htyysai1
& Risk man•ent The tswstees Actively review the tnajorrisks whi¢h the charity fatts on B regular basis and believc thai znaintaining reserves At ¢yrr¢nl leve15. combined with an annual reiryew of theeootrols ovei k¢y fianCial 5yStern4 11 PTo%ryde SU1¢Lent r¢sDuftt5 in the event ofadven¢ ditions. The fvusiee5 have also examined other orKrntiortAJ and bllsth¢ss risk5 fattd by the ¢harityAnd cortftrm that Iheyha¥e established SySI¥D$ to tniligiie thr $]Lf1(aDI ti5k5. 9. Truslee5' Re5pon5ibililiu in relalir•n t• tht Fllllndal StatetneTrt¥ The ehArity tswstces artrespoDsibl¢ forpt¢paring th¢aThual report and fJnEncial statejotrtts thAC¢OTdanEe with applicable IAW of UDited K8d0 Accouniins StAndards Iunittd GeDetallyAcGepted AKountin8 Prnctieel. Th¢ law4ppli¢)blE to ¢hatiries in EnBland and Wale5 require the charity tsustees to pr¢p)r¢ finala1 5thtemertts for ¢aÈh yrdrwhich 8ive A and fairview of tht stt¢ ofaff#ir$ of the Chatity and ofthe ineomingresources and Èpplicationof ruourees af the tharity forthat period. In prepBring the financial sthiememts. the tnJStecs are required to.. S¢le¢i suitabl¢ a¢Gounring poliGie5 and then apply them coosientIy. ObseNe the method and wirtcipleA th Charities SOIIP IFRS 1021. Mak¢ judgrn¢nl$ and e51imate5 thai Ere reasonable aDd ptudent. Siate whether applicable acco1 startdards have been followe¢ subJecE lo ony material depitluT¢S di105ed and explained in the finala1 siatements. PrepaTe the ftstartcial ststemtnLS on th¢go$ ¢oR¢ern bD5L5 unless it IS jDappropriate tOPTeswnethDI the chity wi]1 continue in busines5. The trdstees grt ttSPDmSible f0rkÈÈpinga0untig recordsthal disclose reAsonable iceuraty ataTry tirnethe fu¢111 sition of thechariry andto enable them to th*t the fiDala} Stslemenis comply with theChariti¢5 Aci2011 and SORP (Fks 1021. They are also reswmsible for safeguarding the assets of the ¢knityartd h¢w¢ lakinsTea50nable steps fotthe ptev?ntion and detection of 2rtdoth¢r irt¢gu]wti¢$. The trnstee5 forthe putposes ofcharity law wbo served dknring th¢yeaTUP lo the dllleof thi5 report are Setouton pDge2. AUDITORS MAT Global Litnit¢d st¢ d¢emed lo b? ieappoinled as the¢harity's allditors. ApprLwal on) MaTrh 2016 by Ihe Iru51eu aDd slgned on tbeir bÈhAlf by.. MohxrnmAd Ziaulqthslnlj PIE¢ 8 of 22
ABU BAKR TRUST JNDEPENDEKf AVDITORS, REPORTTO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Oplnlon W¢hav¢ audit¢d the fJnaBrl stalemEnt5 of Abu Bakr Trustforthe yearended 31 AuEust 2024. which comprises the $tsietrtettt offinanciaj titIes. th¢ balantt shcei and the relaied noie5, including a summjary ofsiEnifirallt a¢counring policies. Tht financial reporting framework that has been applied th theirpr¢ptytion 1$ applicable lawand Uniied Kin8dom Aeeounling Standard4 including Finan¢iaJ Reporting Standard 102.. The WCial ReportinB SrAndèrd applieabl¢ thB UK and Republicof Irelartd Iunjtod KiDgdom Generlllly Aceepted AccouDting Prartic¢l. ln opinion, Ihefinan¢lal stsitmethts: give a tyUB and faiTwewof the stDte ofthe charit5 affairs as ai 31 AllEust 1024. and of its income and oxp¢ndittwe fvTlhe yeET thded 31 ALUSt2024". have been projxrty PTep]red in aeeordthce with Umitcd KiDEdom Gen¢rallyAccepted A¢eourttinE Ptire,. and ha bttn prtpat¢d in ¢¢0Tda]¢Wih the requiremeDts ofthe CbAtities Act2011. B1$ f•r opiThion We conducted our audit in occordance lthtematiotsLI Startdatds on Auditill6 (UK) (ISAS (UKII and applicable law. OJrTesponsibilihes urtd¢r those 51andard5 are fUrthe[dened in the Auditorfs Tesponsibilities forthe audit of the finanrial slalements seetion ofvurTeport. We are indeptndent ofthe Chtitity UJ S¢¢OTdanr¢ with the eihical reqUementS thai Are relevant to oknrauditof the financial statements in the UK including the FRC¥ Ethical Standard. aDd we havt fuifilltd ouroth¢r¢thiral Tesponsibiliries l¢Corde with th¢$¢ Tequiiements. We believethat th? audit Cden¢C we haveobtained is suffjciemt attd apprOPYiate to prod¢ ab8515 foTvur opinion. Malerill uneertsLD¢y relatod to EOIDE ¢oThceYn We drAW attemtion to Note 15 Iseciiredltk>nYl andNole 16a (priwie loam) in the fJnlln¢ial ststemellts which indic4 thatthe Tmstillay $tTuggl¢tQ rnttf Its obligdtions 10 seitle loan rcpaymertt deznAnd$ as th2y fall due. This indicas thata maierial uncertAinty cxi515 that may cast silf1¢31dtsUbt the T5 abibty lo continue as a 8OLn8 concern. Our opiniort is not modifitd th rcSPCCtof th15 ]DaM¢r a5 Telaledto going tonettn. ltt attditillB the fioamcial statt]lltmt$. w¢ b*Ye wDclud¢d that the151¢e5, useof the 8oiDg4oncetrtbasi5 of accouniing in the prtparAtion ofthe fjnartcial siatements is appropriate Our evaillabort of tht TTUSt¢¢5' P55¢5siiienl of IheTtusVs ability toeorttinll¢to adow the goingconrern basis of aKouniing inrludeo". Reiryew of c051-cuttingpla Review of property dispos8] plaD Re¢W of fmJn¢ial forec15 Review of legal clAim files Reiryew of loan consolidation plaD Si11[1¢(l rediiciiojt Ih OverkcGth aclJr¢v SigiiifJcoTr7frethicii?JT illseciiredlgttits iliercbyr¢thKiNg iniere51aiidbttrtktk&ry¢s DEtoilgdmoiiihlyeask-floii'foreca5IPreptsreddd1dllIEJi0 iDkeaCcoiiniofejtr The TnLFieoFare cofvfidehttin arnicoblyncgoiiaiijtgpoymeiltplons The Tnwi¢csurg confidgniiiTCOrttolid¢JlingikJvciircdlounf into Ibteresrfrnc loa Resiili.- Resiili.. Iv) Ourresponsibiliiies and the reponsibditits pf the thJ$t¢¢s WithT¢$¢tto goingmncem are described iti tb¢ RVatse£lloS ofthis W¢rt Other infr{Lon TheLiJsiees Dre ttsp7nsible forthe otherinfotmahon. The othei inlottnatton MTnprises, the inforniation Includ in the annual (ert0thC than the finan¢iJl slalernents and OUTauditorfs report thereon. Ouropinion on tht financipl S1cents does not cover thcothei inforTnaiionand, except ¢0 the ¢xtenl oth¢Thse expli¢itiy 51at¢d in our r¢porL we do notexpress Afty fonnofassllYanF¢ ro1510 thereon. Inconneuionmryth ouraudit ofthe fthancial stateJDenl& OUtTC5PQD5ibility J5 tQ T¢Jd the OlherinfomtlOtt and. in doing s considerwhether thr oth¢T jnlorrnativn i5 waterially 1COnSinI with the fJnErtcial statetnents or tpurknowiedy oblained in the auditorothcThw$¢ Appear5 10 be rnateriaily mi$51atcd. Ifwc idcntify such tn3t¢ripl innsIstenc1e5 or appareni maierial misstatthnenl4 wcayc TÈquired lo deiemune whethrrthtie 15 amaleHal nllSStatetnellt in the fM8ocial siatemcnls tnaitriaj mi55tat¢Tnentcf the other inlomiatioft. Ir. bAsedonth¢work we hayepufortned. WE ¢olUde thBI there 15 a maieri41 missiatemeoi ofthi5 Other or[at1¢. wr arr r¢quuEd lo reportthat fau. We hav¢ llJbinEto rrportits th¢$ wgard. Page 9 of 22
Mgtttrn on whleh we art requlred lo teport by exception In IiBhi ofthE knowledse andunder5tandins of the Charity and its envirollt obtsilled ththe coknryE of ihe audit. we have not id¢ntified i$staternentS jn tht TnJstÈts ADnual R¢port. We hllve noihing io repDn UL re5pcci of the followin8 Olatteis In rÈlation to whirh th¢ CbaTitic5 lkncounts & Reports) Kewdalion5 2008 ttqllircs us io report loyou if. in our opinion.. rrJ¢itnt a¢courttirt8 reeords have not bren k¢pl." the fan(la1 stsictncnts are not in agreernent with the aeeouobtsgyeeords and t¢huns'. or wehavertotobtlined all the thformati¢D ¢Kplanativn5 necessary for the puo)DSeS of our illdit. Re$wn$ibilities of Irut¢¢8 As explained more fully in te th[ees, responsibilites statemertt •n pag¢ 8. th¢ tsu$iee5 ar¢ responsible forthe Pttparatioll of the fLnancial stal¢Tnents and forbping 5arisfLed thai they wve a tAnd fairwew, irtd for sllch inttmal rontrol they deterrnirte is n¢¢e$s to evabl¢ th¢ pttparAtion of finaneiAJ stst¢ments that fttt from rnaleriDI Ini5StDtcment, whetherdue to fr)ud or ctTOr. In prewing the ful¢13] 514temenis, Ihe trustees are iesponsible foTaSSt$sl th¢ Ch3T15 abilityio continue as a BOittgMnr¢Tn. diKlosing, a5 ppli¢abl¢. rnattu5 Telaled 10 goingnce[ alld usingthe Boins concern basis of aC¢Oulltthg unjoss the trusltts either intrtsd to bqllidt¢ the Chatity orto cease aperations. OrhAve no realisti¢ altunative bul io do 50. Ayditvrs. T¢$ponsibililies for the the financknl st•iemeDIS We have been appointed as audiiors undersection 144 af the Cknibes A¢1 20114nd r¢portin awjrdaftce the ACt9d relevant tegulabons rnadt or havingeffecl Ihereundw. Ollrobjectives att kn obtain rusonable assurAmce aboutwhetheTthe financial statements as ll whole Ere free from tnafrDal rnissiatemeD[ whether due io fraud or error, and to issue alldiior's report thai thcludes Our opinion. Rta50nable a5swance L5 a hiBh Icvel of aS$utanr¢. bui is not ranlee that audit(OpdUcfrd in accordance with ISAS (UK) will always drttet a tnAterial mis#atement when Lt exists. MisstatEtn¢nts Gan arise from fraud Orernr and att eonsidtttd rnatttial if. Indiwdually or in the asgreBaie, they could ttasonablyb¢ pected influence thcttatitsrni deci%ioD5 of users taken on the basis ofthese f¢18[ stattmJ¢rtts. rhe¢xtehi io lylileh theotidll Ivos cofrtsldercdc bleo dele Irre Jtre8ularities, includingfrau4 are instsnces ofnotrcomplian¢e with laws attd tegulation$. We d¢5iBn procedures in lthttyith ourre5pon5ibilities, ouilind abo. to detect rnatEtial nu551atem¢nts in re5pectof irreguiwiiies, including fralld. Thetxtsnt to which our prKdllTes are etpable ot d¢tcclitiE irttgularibes, itte1d8 fralld is dttxiltd beliTrw. Ollrapproach to identifyimg and asses$in8 th¢ Fisks OftTl1 m1551aMI JD respectof iKregulaKities. 1rt¢ludinsfraudad non-coP1iArtc¢ with law5 aDd reBulations, as follow5.. . th¢ CDEJgemcnt pprtntr cnsurtd th¢ ¢DE3sement4m colleclivelyhad the appropriAte eoJDpEthn¢E. faPAbiliti¢5 and sknllsto idertttfyor r¢MbThi5e non-COrnpli3nce with applicable laws and tcgulations". we identified the laws and reBulaiions applicable to the chAyitythtouEb d¢s¢ussi¢n5 Wjth ttte5 andother mthagrthtttc from QUTcom0r<l3J knowl¢dg¢ Jnd ¢xperi¢n¢e olthE pTJva* edu¢aiLOn 5ecior. . wt fDcuScd on spcrifir laws and rcgulation5 whi¢h we nSidered may hDve a dweci thatetial effeet¢rtthr [anCial 5taietnent5 or the op¢tati¢n5 ofthecharity, uKludillg the Educ41ion Act2011. Chariti¢$ AEI 2QI I, tsxation legislation, data protethi0 Athti-knllw. ¢Thployrneni. ensitotttncniil 8Nd health and safety legislation., . we a55¢55¢d th¢¢X¢t of 0pIln Wth the wS and reBulations ideDtifjed above through14 Enquirie5 of nlatt¢t aod insp¢¢ting legal ¢OtlcSPOndence.' aDd . iderttifjed IDWS End rc8uiarions wereco]Dmunicated Withirt the It4]D resularty andthe team remDirted 8]ert to in$t3llf¢5 OtnonomP]IllnCe thtougboul the audit. We a55e5sedthe 5U5¢¢plibility of the charity'5 fthancial st3MentS io mat¢riaJ ffji55t4teJneni. including obl3ininB an uNderandIng0f how fraud tnight oceur. by. . making enquities of In&n¢t¢t to whctr thty Fo51d¢redthc[e w45 su5¢cpribility lo frau4 the knowled8E of actu8], suspeued aod allrgd ftaud." • considering the internal ¢ontro15 in place to nytigate yi$ks of and non-¢omplianr¢ wth law5 and re8u]aliOns". artd Page 10 of 22
To Dddrcs5 the risk of froud throughnjanagemenl bias al0veTdE ofcontrol4 we. ' perfonned knAJytical prO[¢dw lo idcnrify anyunu5v41 otunexpeeted ytlAtionships.' tested joumal entties to iderttify Unusual transarlivns". assessed whether jlldgernenis and assumptions tnade in delettnining theaKountingestimates wtte indiraiive ofpoterttial bi8$'. jnve5tisa*d the rationalth1nd 5iBnificant or urtusual tr2n$action$. In response to the iiskof itrcBulatitios )ndnon-rompliance with law5 and rc8ulations. we &siBnd procedures which included, but were not lirnitedto. aBreein8 finanGial slaternent disclosures to unde11tt SuppOrtE d0Gwnentton', . readthÈ the minlll¢S ¢f [ett5 of those charyed with gOverj7¢t. . ertquirins ofmAnagetnent as ta acknal Ind potential liiiganon And claDns' ' rewewing correspondence Ofsted attd theTtu$t's legal adSor5. TheyÈ are inhtrent liJnithtion$ ID ourauditproceduTes described Above. ThÈ tnor¢ rwnoved that IDWS and reglllkn¢n5 aTe from financial trans)¢tions, the less likely it is that we would btcom¢ awste of non-compliance. Auditing startdards also litnil the audit procedknrÈ$ Tequired lo identify non-compljonce with laws and reBul&tsoms totrt4uuy of th¢ andothermana8emertiArtd tht inspe0 ofreBuiathry •nd leBal cotre5pondertce. if any. Material rnjsstateots thatatise dut to fraud Ean br hatder detect thllftthr that atise frotnwroTas they rnay iti¥olve drliberate ncealMentOr ¢ollvsion. A further deKription ofour respottsibiliiieg for th¢ audii of the fmanciAI smiements is loeated on the Financial RepoitinE CounGi15 website al.. lwww.frc.or8.ukfauditorresponsibilitiesl. Thi% descripti•n form5 part olourlludiior's repDrt. This yeport is rnade solely to the tknty's ttU$lee5, a5 a body, in llccordanee with sedion 144 of the Charities Act 101 l aDdthe iegulaiions Made underseciion 154 of that Act. Our akndit work has b¢en undertaken 50 thaiwe might stak to the charitys ttusiees those n]XtteTS we are required 10 51aleio thern in an auditoes report And foTmO 0th¢TpU05C. To the fullestextent perniitted by law. we do noiaccept Or a$$ume responsibility to thyont other than the chariws Slees as a dy. foTouf Illd. wtyrK fèrlhis report or fortht opinionswe ha formed. DATE.. 3 Mwrb 2026 Mohammed Shabir Istnioi StatuioryAuditorl MAT Global Limited 5 Higbgatt Bu5)ne55 Centre Hiale Road Bittningharn B128EA P8Ee 11 of22
ABU BAKR TRUST srATEhlENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Reslrltted Funds Unrystricted TOTAL Fundj 2024 TOTAL Funds 2023 TC Noley Jn¢oMing Re50uiees from Eeneritingfund5: Volllrttarykn¢ortLtI DonatiQllS 87,453 87.453 81,tW7 tDcominB ResourGe5 frorn Chariiabl¢*tiwities 993.275 993,275 1,169.730 [nrne from<Aher 65.698 65.698 45.900 Gain ort ReVaIatioN ofknve$tsn¢nt PropeTIiE51A55cI Di%pDs41 716,460 716,460 1133.761 TOTAL INCOhllNG RESOURCES 1862 886 lJ62.886 J.430 98 Costs of CrtnerAtittÉ furtds 33,350 33,350 79,796 Chatitable k15lIeS 1.624.962 1.624.962 I,4.821 Governance Costs 28,103 28,103 44,035 TOTAL RESOURCLS EXPENDED 1686.415 52 NET MOVEMENT IN FUNDS 176.471 176.471 .401.746 RECONCILIATJON F FIINDS TOTAL FUNDS BrDught forwllrd 32.122 .J69ffj24 TOTAL FUNDS CarriedfonY4rd 208 593 PaE¢ 12 Df 22
ABU BAKR TRUST BAiANCE SHEET AS AT 31 AUGUST 2024 Noi¢$ 21b24 2013 FIXED ASSETS Land& Buildins5 Including tmprovements Equipmen[ Fi%ture5 & FittIn8s ttsvesknent Propetty 3.149.661 92,299 I.100.OOD 4J41.96ti 7,051,343 102.554 8,O6S737 RRKNT A KT Debtors Bank Acwunt Ba]aDC Cash A¢¢ount 14 45.083 531 53.178 9B.792 49.464 87.970 LESS REDIT Falling Due Within One YE IS 1 415.309 1.646.034 NETCURRENT (LIABILInESI AETs {1.316.517) 11,558,064) 3,025,443 6.507.6TJ RED Due aft¢rrnor¢ thaD One Year 16 .150.488 .871.560 TOTALASSETS LESSTOTAL LIABILtTIES (NET A&SETSI 074SSS 3ffj3&113 FUNDS OF THE CHARITY.. ReWA]fr]0th Restrve Rev4luaiioD ReSee wfwd Rcvaluarion Reserve For the Year 18 666.362 3,603.991 666J62 3OOJ.991 UDrestri¢tEd Fllnd$ Grnual PutPDScFuttds BIFWO General PwseFuftds For The Yr 19 32.122 176.471 11.369.6241 1.401 746 2r18,593 3L122 Re51ricleJ FTrds Sp¢¢ifir Funth Blfwd Spe¢ifJe Fllttds Fortht YeAr NIL NIL NIL NIL NIL 874,955 NtL TOTALCHARITY FUNDS 3.636.113 The note5 atpages 15 to 21 fonn partofthese Accowits. Approvtdby th¢ TJust¢esort3 M¢ 2026andsisned on their behdfby.. Mrha8 Ziul4a$imi PaBc 13 of21
ABU BAKR TRU srATEMENT OF CASH FLOWS FOR THE YEAR ENDED JI AUGUST 2024 2024 2023 Trl¢t f45h ITr oper4ting adiviliei 20 (396.7971 1710,6241 Cash fr( ÉnVQSting aelivliles: Rental inÈom¢ Purth2se ofin%rsbnent property Purclwe oftaDwble asseis PToGeEd5 from $alcvf assets 65.698 45.900 12 1.086.329 4.586.496 Neteash provided by iTrvcsting activltles 1,151027 4,631396 Cgsh flows fr•m fLTranclng *¢ilvlllu= Bwjk loth& mortg4È¢T¢Pty]Dent$ ReeeipV (Paymertfl of fijwiee Receiptl IPAymeAtl of private103ns RBceiptl (PayIntI of thon-wm loan5 12.705.604) S.0 1976,J481 1290,7071 1175.9271 {545,1451 141.3041 Nel ush provittd by fLnaTrciTrg aelivities 1762.3761 13.967,6591 ChHng¢ in ¢Hsh And CA&h e4uivaleTrts in tbeyMr 17.1461 141887) Cash CAih 41vIlents brought fonwArd 6Q855 IlJI742 Clsh aTrd eqUIVIleftts urried f•rnrd 53.709 6Q8SS P4gB 14 of22
ABU BAKR TRUST NOTES TO THE FINANCIAL 5[ATEIENTS FOR THE YEAR ENDED 31 AUGUST2024 AcctsllnllnE Pollcles Igl Basis of PTepgrgtioTr Th¢ Finan¢i)I Stil¢ments have bEEll prepared under the hisknie cost CODnon Itons ieMgni5ed at cost orttansaGtionvElue utsless OthSeStted in the Itlevanl not¢s. The finJncIal siateiiients have beert pyepaytd in *woidance with the SiaterneDt of Recommended PrActiEe." Accountlng and Reponins bychariiies preparing theirACCOUnlS IN accordance with the FinaDri81 ileponin8 Siandard applicable in the UK and Republic of belAnd IFRS1021)nd th¢ Chariiie5 Aci 2011. The tsust eonstimtes apubltc hnefii ¢Dtity a5 dEfLned by FPS 102. The trusiec5 conSLder that there are rnaterial uncthtsittbes about th¢ Trusf$ abilityto wniinue as 480thg COD¢em. (bl Futhds iiructure Unresrricted income funds comprisethose fllrtds whi¢h th¢trusiees ale frtt io use forany puwsein fUrthenCe ofthe chatitablÈ ¢bJ¢¢ts. Unre5tiicied fiJnd5 include desIated fun where the trusiet$. It th¢irdi$Eretion. have sdllside reS0reeS fora specific putpose. Restricted furtdsAtt funds whteh art to be vstd in axor¢Jance with specificTesknctions impo$¢d by the donoror the tttm$¢f 4$plfiC oppeal at Fnday prayers or undcr the ternis forpllblie toll¢¢lion ofzakai in aordanCe with the teaching$ of151axn. {el IJ1mirtg rttoETrilion A]1 incomingTesollT¢es are reeDBrtised ontt th¢ ¢hprity ha5 enriiiement io the reSolleS. it is certrt that the resources will be rtceived and the monewyvalueof incomifts resour¢es eam be]nta with 5u(fi¢ient reliability. The followingsp¢oifi¢ PDli¢ies are ¥plied t4 p4rb¢utsT¢aieEorie$ of uKosne". Voluniary income is received byway of doatiOnS at Friday prayers and wts artd i$ included in full in the state[¢ of Financial Activities when receivable. Grani& wheTetntiilÈm¢nt 15 not ¢onditional on the delivery ofa sp¢¢ific perf0nllDll by the ¢hsrity. are re81Zed when the charity becomes ttheonditionally Entitled ro the graftt. . lomming re50Utces from gratsts. whete PBrfonnan¢e or serrice de]ivetAbles reqWdbY the of the are
croUnd for a5 the ¢harity earn5 the right to paymetstthtyuEh its pufotmance.
Donated serviees and facilities att ¢1dedtthe value to the ¢haLlty wheyc this Can b¢ quantified. The valttt of $¢rwi(e5 donated byvolunleers has not been th¢lllded in thts¢ ¥wun15. excewwhere theservices prOded are in the nirute or prof¢s*onaJ 5¢rvire5 where a fee would otherwise be ¢haTged in whi¢h ¢¢the donakd serviec is valued al theirchargeable yat¢. Tnvcsttneni uKome i5 iticluded wbtrtYe¢eitybl¢. comitsg resowees tharitsble tradinB actiiities are aeeouoted fotwhen eatn¢d. Idl ExpEThditurt rtthgllilio Liabilities are recolSed Ls resollT¢E$ AYE txptDd¢d as soon a5 there 15 a leBal or coMsbmcti¥eobli8atioll )11n$ the¢hlty to that expenditure, it iSPTobablythat the settlemeAt wlll br requited 3nd th¢ aTnounl of the obliglltion cDrt br mtasuT¢d lIablY. Ail expettditurt is accoknttfrd fDTQU an a¢¢Jua15 bJ515. All expenses includin8 Sllpport Go$t$ and SOVErnance cost5 ate ailoc8ttd orapponiooed to the appbcable expeodimre headthgs. 1¢) IrrecTrverable VAT lffecoveyable VAT is chatE¢d 38athStthe expenditu hcadins forwhidL lIw iOBkntrtd. If) AllocBtivu ofov¢rh¢ad suppDrt costs $pport ¢ost$ includr adminiStrattiTrn ofFJ¢¢ funEtion5 and have been illocatrd io aotivity ro51 ral¢gories on a basis ¢onsist¢Dt with the use of resources. allocaung property eOSiS On flowareox {ff bythe lime spent andother eos1S Ort a measure of usll8e. Thr only exception 15 Ihal no 411ocation ofmst is tnade ag8in$izak)L iu5t¢ad th¢ le¥Sl share 15 met from Benctsl fid5 olthe Mosque gl Costs of getserlting futtds Cosgs of seneraiing fid5 Ire those costs thGwr¢din attrtIll8 voluntary incorn< or incurted iD ttadinga¢tiiryties undertakets fv ¥4tse fid5. Pagc 13 of 22
ABU BAKR TRUST NOTE5 TOTHE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 AUGusf 21)24 (cotinueI Ihl Deprffialion cfangible filed asstti for uie by the tbarityl These Are ortly capithlised when thtyc2n b? used for more than a yearand cost more than £250. TheyAre valued at ¢O$l ora rwonable vu]ue on receipi. Depreciation is charyed AS follows. -oiri¢¢ Eqyipmrnl& Fixtures & Firrin8S IO%ai Frducins balance bAsis Thc5e are only capitalisedwhen they can be llstd formoTe than a yearand c05t more than £250. It inrlude5 property improv¢men15. They aTe valued It1 or a reasonable value oil receipt. Deprtciation is rhaT8ed as folli>ws at a revallled amount (Tevaluaiion model) the5c piopertie5.' - Latsd & BuildirtEs 2%AI yedllciDghJwJw basis Employtts ofthe charity are erttitled to joth • defin¢dMntsibulion Nest Pension. sebeme. Th¢ ¢harity CODtribuhots is ttstsicled lo the rninimum conrributions defined by the regui2iorybody"Pension ReBulaiorf'. The outstandinB CQtttsibllrion arihe year ertd is disclosed It Dole 11. The ros15 of thederLncdDti1bU1loftsth¢Me are eldd within sUPPOrt ¢05ts and cbar8ed to the e5Cted funds of the ¢harity. 2. Incorning R¢50urcu from VoluDtary lTrerthie Res¢rl¢¢ed Funds Uthregtritttd Fundi TOTAL 2024 TOTAL 2023 Donati¢ts$ IIDcludthE Fridty Prnyersl N]L 87,453 87.453 8A,iNJ7 NIL 87.453 87.4YJ 81.M7 J. lTreDmÉTrE Rewree1 from Ch*rltxblÈ Activilips Resirtcted Funds Ur¢s¢T[cl¢d Funds TOTAL 2023 2024 Funds from l Acli Girlsl Boys School f¢rS 961.651 961.6SI 1,095J34 Faith amd Wotshi Attiwti . Evening Clt5ses Mosque fees 31.624 31,624 74.196 993.275 993 275 1.169 730 4. Jncvming RwouTffS frvm Other ROllre Re51ricled Funth Unres¢rSci¢d Funds TOTAL 2024 TOTAL 2023 Rethtal Ineome Ot1 Income- Recycling 65.698 6591 4S9QO 65.691 4S9QO Page 16 of22
ABU BAKR TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI AUGUST2024 Icomtlnuedl Unrestrleted SuppoTI Colts Restrlcted Fundi UnTe$trirted FUdS T•txl 2014 Total 2023 5. Cult of GeneratinE Funds 33.350 79.796 6. Charliblea¢tlvltles . F•ith wur5hip'. Mosqlle txpertses 509,048 36.535 545,583 313,777 Community activitie5: Sehool exp¢nditure 958 658 120.721 1,591.044 Tolgl charilnbl¢acliwilit5 1.467.706 ,624.962 1904.821 7. CoverngTrre ¢osts 4.343 23.760 28,103 8. sppor1 C•its Cfjst Of GeDeTg1iTrg FuTrd5 To¢] 21124 Total 2023 Mosque School GoYerilAEI¢¢ Adtnitsstsatitio Exptrtses .673 30,343 49,079 23.760 104JSS 157,614 intins & Slationay 1.386 19.966 21 J52 18.633 ]Dsurnnee 2.943 10,682 13,625 12,944 DBprEEiation 31,677 40.994 74,534 157,904 33JSO J6.535 120.721 23,760 214J66 J47W95 9. CorporiioD & Defetred lax The ¢harity L5 exemw froTh COTPOTation fax on i15 chariiable a¢iiviljcs. Thfort. dtf¢tFed t8xhas bBcn included %vithiti th¢ on ins r¢vplu)tionof 4ssets. IQ Net IDromiDKll•ulgvingl reSQUTces for Ihe year are ststed gfler ¢hrging Icredilingl the tollllwing.. 2024 2023 AudI5,yeMurr0tiOn DeprcciaiioR 12.OOD 74,534 10.800 157.904 Poge 17 of 22
ABU BAKR TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Iconiinued 11. StHff costs 2024 2023 WagA salaries& social 5eciirity c0515 666.415 890,622 666815 890.622 No. ¢f si)ff 2024 2023 ]tnams (Mosque Sthool Teathcts Adtnitu$trbon 34 56 39 62 No employtts w¢rr piid in cesS of &60.CQ). Pensi0Tr5 2024 As At I Septembcr2013 ChaTgeable during the year Paio durin8 Iheyear 4.888 As At31 Auguit 2024 8,732 TrAmSaetl•IWItb tru$te¢s The tru51ee5 TeEeived no PRY in executing thedulleS Bs thL%tees. However. thtyreteiv¢d TeMUration forthe fellowittg $yvitts". Ntne Role Salary 1£) ExpthxÈJ (£1 MiTrhprnrnad Zlaulq7rn1 Qa5hif Ahmed Bushro LuqmBft OIYi¢¢ Adrnini51ration MosquclOfficeAthinistration Casual Teacher 1.085 9.600 4.817 588 A]1 payments Are santhioocd by the TnLSt Deed as allow¢dbythe Chanty Commi55ion. Had the TnLM employed ext¢mal indiiryduo15 10 fj]l thex pDsition5 then the Mst lo the Trustwould have bEeftsitflSkntlY high¢r. Dutithg thc prrio¢ nu]ncr0$ payJDvrttslrt¢eipt$ fr¢m lend¢r5 wer¢on occasion chaftelled iryathe batskA¢uunts ofTrvstees. This was forpr4¢ti¢al PWPDse5 ihe teque51 ofihe lender. A $urtunary is s¢lOUt brlow." Mr ziA1q5LrnI Mr Ahmed MJ Bushra NciPAyJttctslS to th¢ T1 20.4 2,500 Netp&Ynnts from the Tru 894 Page 18 of 2Z
ABU BAKR TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED JI AUCUST 2024 ICDnlinutdl 12. Fixed A55tts orrice Lad & BulldlThgs Motor Vehi¢le Fix. & FiltiTre5 TotAI TIVAL ATION 4 At I Scpienthr 2023 Addiiions ReVaItiOnS Disposals tmpaumenito niv f3irv&lue 8.7th).788 287,918 8.988.706 (2.937.629) 11.W6.5711 11.043,6731 12,937.6291 (1.3.673) As Atjl AuEU$t 2024 3.712.915 287,918 4.000.833 DEPRECIATIO AsAt I Sepienjber 2023 Ch8rye For Year Elixninaiion of Deprc¢iionl Revaluatien Disposals 1.649,445 64.279 185.364 10.255 1.834.809 74.534 1701.5681 1448.9021 1701,5681 1448.9021 As At31 Au8WSt 2024 563.254 195.619 75 873 NET BOOK VALUES A5At 31 Augujl 2014 J.149.661 92.299 3.241.960 AsAt JI Augu 2013 43 7 151897 During theperi•d thc tmSieE$ Catried out a Fanyns ree ofthc properryvllluations bd0ft4¢I locpl ptice5 as well as recent sale prtttÈds. This tesujted silfiCant writr4own of the rtmainingportfoliD. A fonnal R]CS based valuaiion wos not cattied Olll dur lo Ihc si8nificanicost of such exercise. The trustees sha]1 continue [cewthe val110n5 and sball seekadvict from lotal ¢stat¢ asents in light of the pr>frthtial fora weakening economy aheac Its¢lded %Yithintht above is #n amount of£l.2milli¢n12023". £1.8millioDITelated fv the mDinmosque attd prtytthall. a5 CTOWn W0S IMc8gJ Hall). Whil the paythent hDs been mode and cootrac15 Lxcban8ed. btlc rtysbati¢n has yet 10 take platt. 13. ltswtMttttPrOPerty 2024 Fair Vilur A5 At I SePt¢be1 Z023 Diwsal ofAssct Netgairtl loss frorn fair value odjustsnen15 911.840 188.160 A5 At 31 AU¢t 2024 i.100,fjoo The basi5 of valuarion Is B5 noted inNote 12 above. 202J 14. Dbtor$ Sludenl Fee5 OthDblO[s 5.480 6.695 20.420 27.115 4&083 15. Crcdil¢Jr5-. Amoun15 fillinR sJu¢ withiTr oTh¢y¢r 2024 2023 CTedikn & Arrrua]5 4Dk Lo Deposiis for DposI[ of ]DVeSbOEnl Piopetties short.km IoBns{securedl ole J5aJ 281.820 233.639 237,602 18.500 1 156.293 1646 034 18.500 1.114.989 ThE 5hort-ietm loan 1$ EUT¢d 4gain5t th¢ follDwingpTwriics'. l. knd to theNorth We51 of Wedoesbury Roa¢ WaJs8]1 2. Unit I, Crown Work5. Wednesbury Road, WAISDII 3. 166 WethE5bury Ro3& Wa15all. WSI 4JJ 4. 150 WethEsbury Walsall 5. 140 Wednesbury Road. Wa]sEII 6. 22 Cannon Strttt, Wa15all, WS2 8AY 7. 29 BTrdford Str¢cL WalsaiL WSI IPN 8. 138 W¢dn¢5bury Road, WDlsllll Ifactory offirrsl 9. 162 Wedn¢$bllry Roal Walsall 10. 35 Delves Cresceni Walsall 11. 66 Washwood He4th Roo¢ Bitmingh 12. 3940 Btadford 5tr¢el, Walsall, WSI 3QA 13. 64 BToadway West. Walsall ISA. setred LoaDy The Tru5115 indEbicd to 2 BndBer5- IR05e Capiial Ltd and Rubilla Mokardam TIAS ParaEOrt Estate$l. The balae at the yeaTend £786.149 ad £328,840 rE5pEdiv¢Jy. lo ra5h-(iDw wn5tsainls Ihp T1 ha5 failed make repa)Thents on lune to both lender$ and 15 5Evking to consolidate both of th¢5¢ loan5 Into a sti1¢ Iow-intere# Oiprwibly thttsest-frEE loary. PaB¢ 19 of 22
ABU BAKR TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 {CoTrtinuedl 16. CredltOrX: A[nOllts &lliTh de afttr•ne yur 2024 2013 Bank Loan & MortgaE¢ Lokns from Othtrchxtities ivate L(n5 92.0 2.058.488 2,1548$ 267.927 2.603 633 2071.560 Lokns from other¢hitiÈ$ th¢lud¢". 1024 2023 The Sarwar Foundatio AJ KhiirFounitstion Muslims in Need The Trusi Foundation 5.wo 50.mo 23,0 14,WO S.WO 50.(K)O 23,0 14,WO 175.927 267,Y27 IKNM 91WO 16a. Private Loins Private loans io the Trnst have baditiQnailybEen inlerestfree, unsecured and Tepllyable as and when tbt trust afford to do so. All are ¢on$idtTed lob2 due afterfive Ye5. However, owing to continlling eash.fl¢wpiobl¢rn$, the TtU51 ha5 been unllble to sellle IndidlI deJnand5 forpaynmt a5 they fell due. This has led to severAI IndidalS takinE Itgal *¢tion which weie uliimately settled Court order. This bas heiBhten¢d thcÈoinEeon¢etn risk thoUgh it MU51 b? tnentioned Ihatthe TTUSI ha5 takenpositiV¢ Action io mihg#t¢thi5 li5k irya furtherproptrty 5#1¢5 during 2025r2024 FurrbennoTe, thc Tnjstees haveproactivety enyEtd with Indid]S and amiubly Degotiated monthty ptymint plan5. 17. comi1gent LIAbilltleJ Exwl as Tcflcthd in the Financi415taretnen15, there weretto Continttt Liabiliti¢s JI 31 Au8MSt202412023.. £NILI 18. Rtvgluati¢Jn Re5erYe 2024 2023 As At I September 2023 N¢tgpinll105s1 fr¢)m fJiT v4]ue adjustsnen15 Nct Sutplus foTthcyear As At 31 August 2024 3.603,991 11937.6291 5.086,093 11.482.102) 666J62 3,603.991 19. Reserv 2024 2023 As At I Scptcthcr2023 NetSu4>lu5 fortheyear As Al 31 2024 31122 11.369.624) .401.746 32.122 20&593 P4Bc 20 of 22
ABU BAKR TRUST NOT TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AVGu>f 2024 2Q RttoThtililtitin If Mèl thOVe]D¢D¢ in lo nel rllsh Irom operatlng aetlvlll 2024 20LI Net moverneot in funds 174471 1,401,746 Add back deprlation charge Add baÈk lo$$ on disposal ofgss¢ Deduct gain on disposal of assets Deduci incorne shown in invesiJng4ctiviiies Add1055 on RvalNatson of assets Dtdu¢t gAits On reIallOn of thvtsbnenl pr¢prrf>B5 Decreasel Ilncreasel in debiors IDcreasellLkcreasel in creditors D¢dvcl shOrt-let lo¥n SI ID falg activitie5 74.534 157.5 4,096 (2,133,761) 145,9001 1528,3Q)I {65.6981 341.745 1188,1601 117,9681 (230.7251 41.304 34,259 1419,$751 290.707 used In DrAtIng aelivlll 396.7 IQ624 21. Relaied hrty TraNq*¢tlona Otherthan thoseT¢ferT¢d to atN0 11. there are no 0thcrtrAnS¢Los to yeport P4ge21of22
ABU BAKR TRUST INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 AUCUST 2024 Tot41 2024 Tvlal 2013 Re51ricled Unreslrlei Income Donaiion51 Mosque Fee School Fe¢ Otlier oMe Rentsl Income 87.453 31.624 961.651 87,453 31,624 961.651 81,1 74.196 1,09S534 65.698 146 426 65.698 1.146.426 45,900 1.290.637 Exct Gllin on Revaluaiion ofInvestment Properfies Gain on A5sel Disposal 188.160 528.300 716.460 181160 52&3 71&460 2 133.761 IlJ3 761 ndilwre Mos WA8es 21,900 2.943 12.976 1,386 20,594 6.325 21.4 1942 11976 25.780 3,167 10.957 FOj. Trips& Le15ur¢ Activities Printing & Ststionery Light& Heat TTaiwn& Subscriptsons& FuDeral Costs Cleani$ DeprtCiatiOD 20.594 6,325 1118 1.863 105 20,569 4,295 1.332 3.948 73.783 1.863 70.105 hool Ex TeAchtiS' Wages& Social Se¢wity Co$ts Pensions Sthool Text Book uniforn SUprtC0S15 Ittsutance PrirttsrtB & Statiollery LiBhL Heal & Water Equiprn¢nt Rent31 & Softw4TC RepAiiS & RrDrwals Moior Ve]ucle & Travel Expenses Training & Sub5uiprion Bank IMortBa8tlLoahl IDl¢rtst Cleanu Depreciation 614,515 644.515 14,125 49.079 10.682 19,966 l8.028 33.480 864.842 15,0¥2 88.673 9.777 16,898 31,903 31.452 49.079 10,682 19.966 18.028 33.480 _Iii 70.539 70.539 49,528 32.198 136,875 7.437 31198 13A875 7,437 40.994 1079 379 31.826 356.184 7,962 86.847 1.079.379 AdMini51rAti•n Ex endilure Rent. Rple5 & Water Trlcphortc& PosL78È BAnk Charges & Inieresl k (monsagenol tnteresr Hcalth& Splety [S5 On D&%pos&J of AsscvIrtVf5knl Propety Revaluationl Imp3it]tient Losses OD Assct$ DepclatiO 48.576 5.752 5.099 73.702 2,277 48.576 5.752 5,099 73,7D2 1277 34.799 S.142 4,215 198,273 6.056 4.096 341.745 341.745 67.109 J19.790 508.828 508 828 Governqnce Book-KeepJn& A¢¢ounMncy& Audit L¢gpl& Prvfr55iTrDJI F¢ Twstees'Travel Expenses 23.760 2,670 23,760 2.670 23.760 8.501 28.103 18.105 44,OJS TOTAL EXPENDITURE 1.686.415 1,686A15 EXCESS INCOME OVER EXPENDrruRE 176.471 176A71 1.401.746 Pa8E 22 of 22