REGISTERED CHAIUTY NUMBER: 1108474 Report of the Trustees and Financial Statements for the Year Ended 31st March 2024 for Wimbledon Mosque
Wimbledon Mosque Contents of the Finaneial Statements for the Year Ended 31st March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financigl Aetivities Balance Sbeet Notes to the Finaneial Statements 9 to 15 Detailed Statement of Financial Aetivities 16 to 17
Wimbledon Mosque Report of the Trustees for the Year Ended 31st Mareh 2024 The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The tnjstees have 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 Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity was established to build a Prayer Hall for the Muslim Community in Wimbledon and the adjoining boroughs for the pury)ose of: a) Offering advancement of the Islamic faith by providing facilities to teach the Holy Quran and Hadith and the principles of Islam to all Muslims and Muslim children in particular, in accordance with the belief of the Ahl-i-sunnat Waljamaat PuUant to the schools of Imam Abu Hannifah (R.A), Imam Abu Malik (R.A), Imarn Shafi (R.A) and Imam Ahmad bin Hambal (R.A). b) To lieve povety of those members of the Muslim community who are poor and needy. Significant activities The significant activities of the charity are as follows: l. To provide facilities for the perfonnance of various obligatory prayers in the mosque. 2. To provide religious education to local Muslim children and Muslims in general. 3. To arrange lectures, meetings, seminars etc. on the teachings of Islam, as well as on educational, cultural and social matters. 4. To encourage, liaise and assist organisations (estsblished for religious and charitable purposes only), with principles similar to those of the Mosque. 5. To visit the sick in hospitals and assist in arrangements for the burial of deceased Muslims. Public benefit In shaping our objectives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. It is the trustee's opinion thal the operation of the charity in its present fomi is for the public benefit under the principles set out in the Charity Commission guidance. Page I
Wimbledon Mosque Report of the Trustees for the Year Ended 31st March 2024 ACHIEVEMENT AND PERFORMAIYCE Charitable activities During the financial year end 31 March 2024, apart from the objectives mentioned previously and in support of the achievements, the following activities and events were undertaken by the charity: a) The charity had continued to provide facilities for the perforniance of various obligatory prayers in the Mosque. b} Religious education was imparted to the local Muslim children by the Mosque's supplementary school, operated during weekdays in the evenings. Included in the teaching were lessons on hygiene and good manners given by the Imam's, teachers, and volunteers. c) Providing community services such as supporting homelessness over the winter period. FINANCIAL REVIEW Financial position The Mo4ue has made a loss of £16,408 (2023: net income £10.683). excluding net gains on investment properties. Even though donations have IneaSed during the year by 6% to £148.282 (2023,, £139,840) there was a 27% increase in exFtnses during the year £164.690 (2023.. £129,157). The increase in income is due to more gift aid received during the year and a 120/0 increase in donation income of £86.140 (2023: £76,838). This is due to more donations received via Sumsup during the year resulting in a 460/0 increase to £41,679 (2023: £28,493) as compared to last year. kental income has decreased by 13 % since last year to £47,321 (2023: £54,300) which was due to some of the properties being vacant during the year. Total expenses were higher as compared to last year at £164.690 (2023: £129,157) with most of the in¢aSe in expenses relating to wages and legal costs as a result of the employment tribunal. Furthermore costs in general have increased since last year especially for gas and electricity. Reserves policy The charity relies on donations from the public and rental income from the properties that are held by the charity. The charity had total funds of £3,383,940 at 31 March 20234 (2023". £3,371,360) which were all unrestricted and were available for the general purposes of the charity. The trustees aim to ensure the charity has sufficient resources to continue its activities and to meet its obligations. As a result, the trustees have reviewed the charity's reserves policy, and it has en decided that they would keep the reserves to at least three months of the total expenses of the charity. It is felt, that at this level, it would be possible to continue the current activities if the charity in the event of a significant drop in donations. This would give sufficient tirne to consider how the activities of the charities had changed and to consider a strategic intervention to mitigate this. Page 2
Wimbledon Mosque Report of the Trustees for the Year Ended 31st Marcb 2024 FINANCIAL REVIEW Other Matters The employment tribunal case had been finalised after the year end with the claimant receiving £29,954 in total from the Mo4ue. The case had been in progress since September 2021 and the final payments were made after the year end. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trust and constitutes an unincorporated charity. Charity constitution The charity was set up by deed dated 5 December 2004. Reeruitment and appointment of new trustees The trustees are responsible for the administration and investment policy of the charity. Trustees are appointed and removed by the Board of Trustees or by resignation. Induction training is given to the trusttts on appointment. New trustees shall also receive iraining from a current trustee about the charity and their responsibilities as a trustee, and shall receive a copy of the Charity Commission's guide for a new trustee. Ongoing training is provided as and when required. Page 3
Wimbledon Mosque Report of the Trustees for the Year Ended 31st March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The trustees meet regularly throughout the year and are responsible for the administration and investment policy of the charity. The charity has a committee of executtve members who are practising Muslims in accordance with the religion. who regularly attend as members of the congregation at the mosque and who have made and continue to make regular Contributions, whether financial or otherwise to the operation of the charity. The Board of Trustees who served during the year were: Mr M Arshad MrMSHaq Mr S Shaikh MBE Mr T Malik The Honorary Officers and Executive committee members during the year who served during the year were: l. Mr Mohammad Sajid Haq (Chairman) 2. Mr Saiiad Ahmad Khan (Vice Chaimian) 3. Mr Mohammad Ateeq Ur Rahman (Treasurer) 4. Mr Sultan Khan (Assistant Treasurer) 5, Mr Syed Farrukh Ahmed (Secretary) 6. Mr Zia Ur Rehman Khan (Joint Secretary) 7. Mr Asim Hasan Khan (Assistant secretary) 8. Mr Abdi Nasir Omar 9. Mr Mohammad Ayub l O. Mr Karamat Ali I l. Mr Syed Rahat Hussain 12. Mr Skender Gurrd 13. Mr Muqurram Farooqi 14. Mr Suhail Akber 15. Mr Adris Akram 16. Mr Syed Hussan Shah 17. Mr Syed Mohammed Afaq 18. Mr Istikhar Ahmed 19. Mr Akhlaq Ahmad 20. Mr Shah Shakir Rahman REFERENCE AND ADMINISTRATtVE DETAILS Registered Charity number 1108474 Page 4
Wimbledon Mosque Report of the Trustees for tbe Year Ended 31st March 2024 Principal address 2621270 Dumsford Road London SW19 8DS Trnstees T Malik MSHaq S Shaikh MBE M Arshad Independent Examiner S Syedain & Co Chartered Accountants First Floor 87 Kenton Road Harrow Middlesex HA3 OAH EVENTS SINCE THE END OF THE YEAR Inforniation relating to events since the end of the year is given in the notes to the financial statements. Approved by order of the board of trustees on .. by: 1511212024 and signed on its behalf T Malik - Trust¢e Page 5
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Wimbledon Mosque Statement of Financial Activities for the Year Ended 31st March 2024 31.3.24 Unrestricted fund 31.3.23 Totsl funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 100.961 85,540 Investment income 47,321 54,300 Total 148,282 139,840 EXPENDITURE ON Charitable activities Costs for generating charitable income 137,749 102,577 Other 26,941 26,580 Total 164.690 129,157 Net gains on investments 28,988 NET INCOME 12,580 10,683 RECONCILIATION OF FUNDS Total funds brought forward 3,371,360 3,360,677 TOTAL FUNDS CARRIED FORWARD 3,383,940 3,371,360 The notes form part of these financial statements Page 7
Wimbledon Mosque Balance Sheet 31st March 2024 31.3.24 Unrestricted fund 31.3.23 Totsl funds Notes FIXED ASSETS Tangible assets Investment property ,171,214 1,833,988 1.189,785 1,805,000 3.005,202 2.994,785 CURRENT ASSETS Debtors Cash at bank and in hand 10 1,713 381,902 1,140 381,277 383,615 382,417 CREDITORS Amounts falling due within one year (4,877) (5,842) NET CURRENT ASSETS 378,738 376,575 TOTAL ASSETS LESS CURRENT LIABILITIES 3,383,940 3,371.360 NET ASSETS 3,383,940 3,371,360 FUIYDS Unrestricted funds 12 3,383,940 3.371,360 TOTAL FUNDS 3,383,940 3,371,360 The financial statements were approved by the Board of Trustees and authorised for issue on ..151.1212Q24................ and were signed on its behalf by: T Malik - Trustee The notes fomi part of these financial statements Page 8
Wimbledon Mosque Iyotes to the Financial Statements for the Year Ended 31st March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Staternent 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) (effective l January 2019),. Financial Reporting Stsndard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure 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. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and Equiprnents Books 20/0 on reducing balance 15Q/o on reducing balance 200/0 on reducing balance Inv&8tment property Investment property, which is property held to earn rentals andlor for capital appreciation, is initially measured at cost and subsequently measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised as part of the net incomel(loss) for the year. Taxation The charity is exempt from tax on its charitabl¢ activities. Pension costs The pension costs relate to the contributions made to the Auto Enrolment pension scheme. Page 9 continued..
Wimbledon Mosque Notes to the Finaneial Statements - continued for the Year Ended 31st March 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Gift aid Other Income 86,140 10,096 4,725 76,838 3,122 5,580 100,961 85.540 INVESTMENT INCOME 31.3.24 31.3.23 Rents received 47,321 54,300 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Costs for generating charitable income 12.073 25,676 137.749 SUPPORT COSTS Governance costs Finance Totals Costs for generating charitable income 802 24,874 25,676 Page 10 continued...
Wimbledon Mosque Notes to the Financial Statements - continued for the Year Ended 31st March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other knefits for the year ended 31 st March 2024 nor for the year ended 31 st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 st March 2024 nor for the year ended 31 st March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 84,271 1,166 1,252 70,460 961 86.689 71.421 The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Average Monthly Employees No employees received emoluments in excess of £60,000. Pagell continued...
Wimbledon Mosque Notes to the Financial Statements - continued for the Year Ended 31st March 2024 TANGIBLE FIXED ASSETS Fixtures Freehold property Equipments Books Totals COST At I st April 2023 Additions 1,379,315 40,226 8,370 6,907 1,426,448 8,370 At 31 st March 2024 1,379,315 48,596 6,907 1,434,818 DEPRECIATION At I st April 2023 Charge for year 203.213 23,522 28,762 2,975 4,688 236,663 26,941 At 31 st March 2024 226,735 31,737 5,132 263,604 NET BOOK VALUE At 31 st March 2024 1,152.580 16,859 1,775 ,171.214 At 3 1st March 2023 1,176,102 11,464 2,219 1,189.785 INVESTMENT PROPERTY FAIR VALUE At I st April 2023 Revaluation 1,805,000 28,988 At 31 st March 2024 1,833,988 NET BOOK VALUE At 31 st March 2024 1,833,988 At 3 1st March 2023 1,805,000 Wimbledon Mosque holds two investment properties in London. The Trustees believe the current valuation represents the market value of both the properties as at the year end date. Page 12 continued...
Wimbledon Mosque Notes to the Financial Statements - continued for the Year Ended 31st March 2024 10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Other debtors Prepayments and accrued income 499 ,214 100 1,040 1.713 1,140 11. CREDITORS: AMouiYfs FALLING DUE WITHLN ONE YEAR 31.3.24 31.3.23 Social security and other laxes Other creditors Accrued expenses 1,750 937 2,190 1.750 2,022 2,070 4,877 5,842 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At1.4.23 Unrestricted funds General fund 3,371,360 12,580 3,383,940 TOTAL FUNDS 3,371,360 12,580 3,383,940 Net movement in funds, included in the above are as follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestricted funds General fund 148.282 (164,690) 28,988 12,580 TOTAL FUNDS 148,282 {164,690) 28,988 12,580 Page 13 continued...
Wimbledon Mosque Notes to the Financial Statements - continued for the Year Ended 31st .March 2024 12. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 3,360,677 10,683 3,371,360 TOTAL FUNDS 3,360,677 10,683 3,371,360 Compardtive net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 139,840 (129,157) 10,683 TOTAL FUNDS 139,840 (129,157) 10.683 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Un restricted fund$ General fund 3,360,677 23.263 3.383,940 TOTAL FUNDS 3,360,677 23,263 3,383,940 Page 14 continued...
Wimbledon Mosque Notes to the Financial Statements - continued for the Year Ended 31st March 2024 12. MOVEIWIENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestricted funds General fund 288,122 (293.847) 28.988 23,263 TOTAL FUNDS 288,122 (293,847) 28,988 23,263 13. RELATED PARTY DISCLOSURES There We no related party transactions for the year ended 31 st March 2024. 14. POST BALANCE SHEET EVENTS An Employment Tribunal claim was made against the Mosque in June 2021 and the case was heard in November 2023 at the South London Tribunal Court. The hearing concluded that the Mosque was liable to pay the claimant a total amount of £29,954 which was paid after the year end. Th¢re were also high legal costs as a result during the year and after the year end. Page 15
Wimbledon Mosque Detailed Statement of Financial Activities for the Year Ended 31st March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other Income 86,140 10,096 4,725 76,838 3,122 5,580 100,961 85,540 Investment income Rents received 47,321 54,300 Totsl incoming resources 148,282 139,840 EXPENDITURE Charitable activities Wages Social security Pensions Rent and Rates Insurance Light and heat Telephone Postage and stationery Events Sundries Repair and Maintenance 84,271 1,166 1,252 2,738 3.289 1,433 446 702 70,460 961 2,639 3,032 7,454 341 1,641 3,001 35 9,310 3.463 3,313 112,073 98,874 Other Freehold property Fixtures and fittings Library Books 23,522 2,975 444 24,002 2,023 555 26,941 26,580 This page does not forni part of the statutory financial statements Page 16
Wimbledon Mosque Detailed Statement of Financial Activities for the Year Ended 31st March 2024 31.3.24 31.3.23 Support costs Finance Bank charges 802 633 Governance costs Accountancy charges Legal & Professional Fees 2.190 22.684 2,070 1,000 24,874 3,070 Total resources expended 164,690 129,157 Net (expenditure)lineome before gains and losses (16,408) 10,683 Realised recognised gains and losses Realised gains/(losses) on investment property 28,988 Net income 12,580 10,683 This page does not fomi part of the statutory financial statements Page 17