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 Tru￿￿Sp￿se￿tthe￿rtp0rt andaudited f￿anCIsI sialejnents of the Charity forthe yfdTULded 31 August 2024. REFERENCEAND ADMINISTRATIVE DETAILS CHARITY NUMBER: REGISTERED ADDRLSS 154-160 Wednesbury RoAd West Midlartds WS14JJ TRUSTEES ￿rQ￿h1£ Ahrned MrMobamtnAd Zi#vIqasimi frs Bth LuqmaD ACCOUNTANTS IAUDtTORS MAT Global Limiied 5 HighEatt Bu5ine55 C¢lllre Highgate Road B1￿insharn 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¢ ar￿u￿15 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 preparingthe￿A¢¢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. Org4n1￿11Qngl Slruclure The tsustees are appoirttedbya resojuhon of th¢Trustsc5 passed QE a spccial meegin8 called undtr¢tsNse 15 ofthe Deed of T￿51. Tbe are responsible forthe day to dty tLU)ningotthE follo￿￿n8'. - Abu Bak¢G￿lS S¢hool- DCSFNO.. 3356010 Est. 2￿0 - Abu BJkrTrimary School (Boysand Girls thix¢dl E¥t. 2rM)9 - Abu BAkrBoys School_ [￿FN0". 3356013 E51. 2006 - Abu B￿k[N￿cry- EY435188 Est 2011 - MosjidAbu Bakr IEveninB Parttht S¢hooll. Est. 1999 - Jtyia Abu BakrIG￿lS 16+1 E51. 2002 - A]imaCiA55es Girls (Partiime EvcmitsBI - Masjid Abu Bakt." IMo5qll¢ r￿llIticS)- Ladies Adult Clèsses, FllM¢rAJ S¢rvice& Dar5 QUM (Monday). D4rs Hadith Ovednesdayl & Monthiystlldy Circles (Males& F¢maJ¢51 - Abu B4krTru5t M05qu¢ Reddilch (ESE. J￿Y 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 thrO￿8h 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 $wrin￿7]y. - Develop high lilrrw and numerdcy skills. - EncouT48e goodbchav1r￿tr. yespeci and th¢Ydlue ofworkingtogether. - Fostts strong links pareDts 3Dd guardiarts. - Encourage open debate atsd oreative thinkins. - Give Stud¢nts ample oppomjnity to develop le&dership skdl$. - 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$. te4th￿S assislaDts, AdmiNstrntOTS lunch time suptNisots. N￿r$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 ed￿cati0th. 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 con￿Dis5loTh5ECnÈT*l 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 learn4bout151￿c tenet$. prtl]cc$a￿d 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 ourro￿￿n￿I1ry facllities alld a￿11￿￿<& 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 A￿lIable 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 ¢￿r￿mI￿V￿]ty facilities artivitie5 Including classes d 5eminaT5 are advettised and we welcome thc patticipation ofall in our local cornmwjity. MuSbm4]￿N0n-mus1￿ll alik¢. All of o ¥¢bvitiE5 fr¢r wld suppurted by donation5. PaB¢ 3 of22 J. Re¢ruitmeTrl a￿d 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 rai￿1 Aftd local eomnjknnibts artd to ensure th)Ig4od ￿latiOnS ate fostered be￿Cen 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 m￿ree5 rneeiiDss as observer5 and ue given moye detaits of the Ch￿Lty$ 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 Co￿￿￿￿￿111¢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 aG￿￿tte5 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 Of1￿torS￿d inspErtion for Abu BakTTru5t ScboL)Is att provided btl¢wfoTta¢h $chool.. Abu Bakr Girls, School Abu B#krCirLs School - Abu BAkr Pritrtary Scbool (Abts Bakr Trw¢i DfE D￿mber= Association: D4tc of in5per¢¥on-. Insptthply witb of$tcd'5 S&￿dardS there wcre sigmifjcant changes tnllde to this siie. Thercfor< thc Mosque Xdiwti¢5 We￿ linuled lo comPly￿￿￿L Health & SafctyTegulations, w]ule the rcfwbi51llnent WOTks were beins carriedoul. This iesulied in a considetable reduction th thcom¢ frotn mosq￿ artiviiies. The Tnjst also Th¢reasedthe school fee which resvlid ir Sotnc lo5$ of pupils ￿sU]￿nE ID reduced 5thool fee income. Dwin8 theyearother incomelillcludM8 rertial itieomcl was £65.698 (2023". £45.9WI. FTOrtI time to timt thc th￿lty dra￿ upon privat¢ loan5 frornthe local community. These ptivatc loan5 to the tru51 ace thteie5t free. Unsecured And repayable whrn thc tsust canaff¢id 1¢ do so. Th¢ loan aKounis balance ai 31 August 2024 was £2.058.48812023. £2.603.6331. Th¢ trusl draw5 upon b3Nk loans. Th¢ba￿k loDn accouni bDianceAt 31 August 2024 was NI1120￿". £237,602). The IoanWa$ repaidwith proceeds8etherntrd from pr¢p¥rty di￿￿1$. The Irustalso had loan5 from otherch3rities. The baillrtce At 31 Auyst2024 was *9IIKh)12923.. £267,927). The trknsthad$bort-teM lsreuyrdl lo4ts5. The baJth(¢ It 31 August 2024 wD5 £1,114.989 {20￿. £1,15A2931. Sotneof the loan wis ry8id with proceed5 generdied from propety disposols. Pag¢ 7 of22 & 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 fi￿anCial 5yStern4 ￿11 PTo%ryde SU￿1¢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 $]￿Lf1(aDI ti5k5. 9. Truslee5' Re5pon5ibililiu in relalir•n t• tht Fllllndal StatetneTrt¥ The ehArity tswstces artrespoDsibl¢ forpt¢paring th¢a￿Thual report and fJnEncial statejotrtts thAC¢OTdanEe with applicable IAW of UDited K￿8d0￿ Accouniins StAndards Iunittd GeDetallyAcGepted AKountin8 Prnctieel. Th¢ law4ppli¢)blE to ¢hatiries in EnBland and Wale5 require the charity tsustees to pr¢p)r¢ fina￿la1 5thtemertts for ¢aÈh yrdrwhich 8ive A and fairview of tht st*t¢ ofaff#ir$ 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 coosi￿entIy. ObseNe the method and wirtcipleA th Charities SOIIP IFRS 1021. Mak¢ judgrn¢nl$ and e51imate5 thai Ere reasonable aDd ptudent. Siate whether applicable acco￿1￿￿￿ startdards have been followe¢ subJecE lo ony material depitluT¢S di￿105ed and explained in the fina￿la1 siatements. PrepaTe the ftstartcial ststemtnLS on th¢go￿$ ¢oR¢ern bD5L5 unless it IS jDappropriate tOPTeswnethDI the ch*ity wi]1 continue in busines5. The trdstees grt ttSPDmSible f0rkÈÈpinga￿0unti￿g recordsthal disclose reAsonable iceuraty ataTry tirnethe fu￿￿¢111 sition of thechariry andto enable them to th*t the fiDa￿la} 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 fJnaBr￿l stalemEnt5 of Abu Bakr Trustforthe yearended 31 AuEust 2024. which comprises the $tsietrtettt offinanciaj ￿ti￿tIes. th¢ balantt shcei and the relaied noie5, including a summjary ofsiEnifirallt a¢counring policies. Tht financial reporting framework that has been applied th theirpr¢ptytion 1$ applicable lawand Uniied Kin8dom Aeeounling Standard4 including Finan¢iaJ Reporting Standard 102.. The W￿￿Cial 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 charit￿5 affairs as ai 31 AllEust 1024. and of its income and oxp¢ndittwe fvTlhe yeET thded 31 A￿LUSt2024". have been projxrty PTep]red in aeeordthce with Umitcd KiDEdom Gen¢rallyAccepted A¢eourttinE P￿tire,. and ha￿ bttn prtpat¢d in *¢¢0Tda]￿¢Wih the requiremeDts ofthe CbAtities Act2011. B￿1$ 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[de￿n￿ed in the Auditorfs Tesponsibilities forthe audit of the finanrial slalements seetion ofvurTeport. We are indeptndent ofthe Chtitity UJ S¢¢OTdanr¢ with the eihical reqU￿ementS 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¢Cord￿e with th¢$¢ Tequiiements. We believethat th? audit C￿den¢C we haveobtained is suffjciemt attd apprOPYiate to pro￿d¢ 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 indica*s thata maierial uncertAinty cxi515 that may cast si￿lf1¢3￿1dtsUbt the T￿5 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$. w¢ b*Ye wDclud¢d that the1￿51¢e5, useof the 8oiDg4oncetrtbasi5 of accouniing in the prtparAtion ofthe fjnartcial siatements is appropriate Our evaillabort of tht TTUSt¢¢5' P55¢5siiienl of IheTtusVs ability toeorttinll¢to adow the goingconrern basis of aKouniing inrludeo". Reiryew of c051-cuttingpla Review of property dispos8] plaD Re￿¢W of fmJn¢ial forec￿15 Review of legal clAim files Reiryew of loan consolidation plaD Si￿11[1¢(￿l rediiciiojt Ih OverkcGth aclJr¢v SigiiifJcoTr7frethicii?JT illseciiredlgttits iliercbyr¢thKiNg iniere51aiidbttrtktk&ry¢s DEtoilgdmoiiihlyeask-floii'foreca5IPreptsredd￿d1￿dllIEJi0 iDkeaCcoiiniofe￿jtr The TnLFieoFare cofvfidehttin arnicoblyncgoiiaiijtgpoymeiltplons The Tnwi¢csurg confidgniiiTCOrttolid¢JlingikJvciircdlounf into Ibteresrfrnc loa Resiili.- Resiili.. Iv) Ourresponsibiliiies and the reponsibditits pf the thJ$t¢¢s WithT¢$￿¢tto goingmncem are described iti tb¢ R￿Va￿tse£llo￿S ofthis W¢rt Other inf￿r￿￿{Lon TheLiJsiees Dre ttsp7nsible forthe otherinfotmahon. The othei inlottnatton MTnprises, the inforniation Includ￿ in the annual (e￿rt0thC￿ than the finan¢iJl slalernents and OUTauditorfs report thereon. Ouropinion on tht financipl S1￿c￿ents does not cover thcothei inforTnaiionand, except ¢0 the ¢xtenl oth¢Th￿se expli¢itiy 51at¢d in our r¢porL we do notexpress Afty fonnofassllYanF¢ ro￿1￿510￿ thereon. Inconneuionmryth ouraudit ofthe fthancial stateJDenl& OUtTC5PQD5ibility J5 tQ T¢Jd the Olherinfom￿tlOtt and. in doing s￿ considerwhether thr oth¢T jnlorrnativn i5 waterially 1￿COnSi￿nI with the fJnErtcial statetnents or tpurknowiedy oblained in the auditorothcThw$¢ Appear5 10 be rnateriaily mi$51atcd. Ifwc idcntify such tn3t¢ripl in￿nsIstenc1e5 or appareni maierial misstatthnenl4 wcayc TÈquired lo deiemune whethrrthtie 15 amaleHal nllSStatetnellt in the fM8ocial siatemcnls tnaitriaj mi55tat¢Tnentcf the other inlomiatioft. Ir. bAsedonth¢work we hayepufortned. WE ¢o￿lUde thBI there 15 a maieri41 missiatemeoi ofthi5 Other ￿￿or[￿at1¢￿. wr arr r¢quuEd lo reportthat fau. We hav¢ llJbinEto rrportits th¢$ 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 enviroll￿t obtsilled ththe coknryE of ihe audit. we have not id¢ntified i$staternentS jn tht TnJstÈts ADnual R¢port. We hllve noihing io repDn UL re5pcci of the followin8 Olatteis In rÈlation to whirh th¢ CbaTitic5 lkncounts & Reports) Kewdalion5 2008 ttqllircs us io report loyou if. in our opinion.. rrJ¢itnt a¢courttirt8 reeords have not bren k¢pl." the f￿an(la1 stsictncnts are not in agreernent with the aeeouobtsgyeeords and t¢huns'. or wehavertotobtlined all the thformati¢D ¢Kplanativn5 necessary for the puo)DSeS of our illdit. Re$wn$ibilities of Iru*t¢¢8 As explained more fully in ￿te th￿[ees, responsibilites statemertt •n pag¢ 8. th¢ tsu$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¢ Ch3T1￿5 abilityio continue as a BOittgMnr¢Tn. diKlosing, a5 ppli¢abl¢. rnattu5 Telaled 10 going￿nce[￿ alld usingthe Boins concern basis of aC¢Oulltthg unjoss the trusltts either intrtsd to bqllid*t¢ the Chatity orto cease aperations. OrhAve no realisti¢ altunative bul io do 50. Ayditvrs. T¢$ponsibililies for the the financknl st•iemeDIS We have been appointed as audiiors undersection 144 af the Cknibes A¢1 20114nd r¢portin awjrdaftce the ACt9￿d relevant tegulabons rnadt or havingeffecl Ihereundw. Ollrobjectives att kn obtain rusonable assurAmce aboutwhetheTthe financial statements as ll whole Ere free from tnafrDal rnissiatemeD[ whether due io fraud or error, and to issue alldiior's report thai thcludes Our opinion. Rta50nable a5swance L5 a hiBh Icvel of aS$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$. We d¢5iBn procedures in lthttyith ourre5pon5ibilities, ouilind abo￿. to detect rnatEtial nu551atem¢nts in re5pectof irreguiwiiies, including fralld. Thetxtsnt to which our prKdllTes are etpable ot d¢tcclitiE irttgularibes, itte1￿d￿8 fralld is dttxiltd beliTrw. Ollrapproach to identifyimg and asses$in8 th¢ Fisks Of￿￿tTl￿1 m1551a*MI JD respectof iKregulaKities. 1rt¢ludinsfrauda￿d non-co￿P1iArtc¢ with law5 aDd reBulations, as follow5.. . th¢ CDEJgemcnt pprtntr cnsurtd th¢ ¢DE3sement*4m 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 t￿￿tte5 andother mthagrthtttc from QUTcom0￿rws 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 thederLncd￿Dti1bU1loftsth¢Me are ￿el￿d￿d within sUPPOrt ¢05ts and cbar8ed to the ￿￿e5￿Cted 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 Rew￿ree1 from Ch*rltxblÈ Activilips Resirtcted Funds U￿r¢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 RO￿llre Re51ricled Funth Unres¢rSci¢d Funds TOTAL 2024 TOTAL 2023 Rethtal Ineome Ot1￿ Income- Recycling 65.698 65￿91 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$trirted FU￿dS T•txl 2014 Total 2023 5. Cult of GeneratinE Funds 33.350 79.796 6. Charli*blea¢tlvltles . F•ith wur5hip'. Mosqlle txpertses 509,048 36.535 545,583 313,777 Community activitie5: Sehool exp¢nditure 958 658 120.721 1,591.044 Tolgl charilnbl¢acliwilit5 1.467.706 ,624.962 1904.821 7. CoverngTrre ¢osts 4.343 23.760 28,103 8. s￿ppor1 C•its Cfjst Of GeDeTg1iTrg FuTrd5 To¢*] 21124 Total 2023 Mosque School GoYerilAEI¢¢ Adtnitsstsatitio Exptrtses .673 30,343 49,079 23.760 104JSS 157,614 intins & Slationay 1.386 19.966 21 J52 18.633 ]Dsurnnee 2.943 10,682 13,625 12,944 DBprEEiation 31,677 40.994 74,534 157,904 33JSO J6.535 120.721 23,760 214J66 J47W95 9. Corpor*iioD & Defetred lax The ¢harity L5 exemw froTh COTPOTation fax on i15 chariiable a¢iiviljcs. Th￿fort. ￿ dtf¢tFed t8xhas bBcn included %vithiti th¢ on ins r¢vplu)tionof 4ssets. IQ Net IDromiDKll•ulgvingl reSQUTces for Ihe year are ststed gfler ¢h*rging Icredilingl the tollllwing.. 2024 2023 AudI￿5,yeMur￿r0tiOn DeprcciaiioR 12.OOD 74,534 10.800 157.904 Poge 17 of 22 ABU BAKR TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Iconiinued 11. StHff costs 2024 2023 WagA salaries& social 5eciirity c0515 666.415 890,622 666815 890.622 No. ¢f si)ff 2024 2023 ]tnams (Mosque Sthool Teathcts Adtnitu$tr*bon 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 the￿dulleS Bs thL%tees. However. thtyreteiv¢d TeMU￿ration forthe fellowittg $yvitts". N*tne Role Salary 1£) ExpthxÈJ (£1 MiTrhprnrnad Zlaulq￿7rn1 Qa5hif Ahmed Bushro LuqmBft OIYi¢¢ Adrnini51ration MosquclOfficeAthinistration Casual Teacher 1.085 9.600 4.817 588 A]1 payments Are santhioocd by the TnLSt Deed as allow¢dbythe Chanty Commi55ion. Had the TnLM employed ext¢mal indiiryduo15 10 fj]l thex pDsition5 then the Mst lo the Trustwould have bEeftsi￿tflSkntlY high¢r. Dutithg thc prrio¢ nu]ncr0￿$ 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 $urtunary is s¢lOUt brlow." Mr ziA￿1q￿5LrnI Mr Ahmed MJ Bushra NciPAyJttctslS to th¢ T￿1 20.4 2,500 Netp&Yn￿nts from the Tru 894 Page 18 of 2Z ABU BAKR TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED JI AUCUST 2024 ICDnlinutdl 12. Fixed A55tts orrice La￿d & BulldlThgs Motor Vehi¢le Fix. & FiltiTre5 TotAI TIVAL ATION 4 At I Scpienthr 2023 Addiiions ReVaI￿tiOnS Disposals tmpaumenito niv f3irv&lue 8.7th).788 287,918 8.988.706 (2.937.629) 11.W6.5711 11.043,6731 12,937.6291 (1.￿3.673) As Atjl AuEU$t 2024 3.712.915 287,918 4.000.833 DEPRECIATIO AsAt I Sepienjber 2023 Ch8rye For Year Elixninaiion of Deprc¢i*ionl 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 re￿e￿ ofthc properryvllluations b￿d0ft4¢￿￿I locpl ptice5 as well as recent sale prtttÈds. This tesujted si￿lfiCant 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 ￿ [c￿ewthe val￿110n5 and sball seekadvict from lotal ¢stat¢ asents in light of the pr>frthtial fora weakening economy aheac Its¢l￿ded %Yithintht above is #n amount of£l.2milli¢n12023". £1.8millioDITelated fv the mDinmosque attd prtytthall. a5 CTOWn W0￿S 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. D*btor$ Sludenl Fee5 Oth￿D￿blO[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 D￿posI[ 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¢$bllry Roal Walsall 10. 35 Delves Cresceni Walsall 11. 66 Washwood He4th Roo¢ Bitmingh 12. 3940 Btadford 5tr¢el, Walsall, WSI 3QA 13. 64 BToadway West. Walsall ISA. set￿red LoaDy The Tru5115 indEbicd to 2 BndBer5- IR05e Capiial Ltd and Rubilla Mokardam TIAS ParaEOrt Estate$l. The bala￿e at the yeaTend ￿ £786.149 a￿d £328,840 rE5pEdiv¢Jy. lo ra5h-(iDw wn5tsainls Ihp T￿￿1 ha5 failed ￿ make repa)Thents on lune to both lender$ and 15 5Evking to consolidate both of th¢5¢ loan5 Into a sti￿1¢ 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[nOll￿ts &lliTh d￿e afttr•ne yur 2024 2013 Bank Loan & MortgaE¢ Lokns from Othtrchxtities ivate L(￿n5 92.￿0 2.058.488 2,15￿48$ 267.927 2.603 633 2071.560 Lokns from other¢h￿itiÈ$ 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$idtTed lob2 due afterfive Ye￿5. However, owing to continlling eash.fl¢wpiobl¢rn$, the TtU51 ha5 been unllble to sellle Indi￿d￿lI deJnand5 forpaynmt a5 they fell due. This has led to severAI Indi￿d￿alS 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 Indi￿d￿￿]S and amiubly Degotiated monthty ptymint plan5. 17. comi1￿gent LIAbilltleJ Exwl as Tcflcthd in the Financi415taretnen15, there weretto Contin￿ttt 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 depr￿lation 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 re￿I￿allOn of thvtsbnenl pr¢prrf>B5 Decreasel Ilncreasel in debiors IDcreasellLkcreasel in creditors D¢dvcl shOrt-let￿ lo¥n SI￿￿￿ ID f￿a￿l￿g 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,$751 290.707 used In D￿rAtIng aelivlll 396.7 IQ624 21. Relaied hrty TraNq*¢tlona Otherthan thoseT¢ferT¢d to atN0￿ 11. there are no 0thcrtrAnS￿¢Lo￿s to yeport P4ge21of22 ABU BAKR TRUST INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 AUCUST 2024 Tot41 2024 Tvlal 2013 Re51ricled Unreslrlei Income Donaiion51 Mosque Fee School Fe¢ Otlier ￿￿oMe Rentsl Income 87.453 31.624 961.651 87,453 31,624 961.651 81,1 74.196 1,09S534 65.698 146 426 65.698 1.146.426 45,900 1.290.637 Exct Gllin on Revaluaiion ofInvestment Properfies Gain on A5sel Disposal 188.160 528.300 716.460 181160 52&3 71&460 2 133.761 IlJ3 761 ndilwre Mos WA8es 21,900 2.943 12.976 1,386 20,594 6.325 21.4 1942 11976 25.780 3,167 10.957 FO￿j. Trips& Le15ur¢ Activities Printing & Ststionery Light& Heat TTaiwn& Subscriptsons& FuDeral Costs Cleani￿$ 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$ts Pensions Sthool Text Book￿ uniforn￿ SUp￿rtC0S15 Ittsutance PrirttsrtB & Statiollery LiBhL Heal & Water Equiprn¢nt Rent31 & Softw4TC RepAiiS & RrDrwals Moior Ve]ucle & Travel Expenses Training & Sub5uiprion Bank IMortBa8tlLoahl IDl¢rtst Cleanu Depreciation 614,515 644.515 14,125 49.079 10.682 19,966 l8.028 33.480 864.842 15,0¥2 88.673 9.777 16,898 31,903 31.452 49.079 10,682 19.966 18.028 33.480 _Iii 70.539 70.539 49,528 32.198 136,875 7.437 31198 13A875 7,437 40.994 1079 379 31.826 356.184 7,962 86.847 1.079.379 AdMini51rAti•n Ex endilure Rent. Rple5 & Water Trlcphortc& PosL78È BAnk Charges & Inieresl k (monsageno￿l tnteresr Hcalth& Splety [￿S5 On D&%pos&J of AsscvIrtVf5kn￿l Propety Revaluationl Imp3it]tient Losses OD Assct$ Dep￿clatiO 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