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2021-04-30-accounts

MASJID AL-AQSA

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 APRIL 2021

CHARITY NUMBER: 1109233

STONEBRIDGE ACCOUNTANTS 19A CHORLEY OLD ROAD BOLTON BL1 3AD

MASJID AL-AQSA

CONTENTS INFORMATION

FOR THE YEAR ENDING 30 APRIL 2021

Index to Financial Statements

Page
Charity Information 3
Trustees Report 4-6
Accountants Report 7
Accounting Policies 8-9
Income & Expenditure Account 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Accounts 13-16

2

MASJID AL-AQSA

CHARITY INFORMATION

FOR THE YEAR ENDING 30 APRIL 2021

Trustees

Mr. Abdul Latif Mr. Mohammad Aslam Mr. Mohammad Khalid Mr. Mian Khan

Registered Charity Number

1109233

Principal Address

Gilnow Road Bolton Lancashire BL1 4LL

Bankers

Barclays Bank 1-5 Market Street Bolton Lancashire BL1 1BU

Accountants

Stonebridge Accountants 19a Chorley Old Road Bolton Lancashire BL1 3AD

3

MASJID AL-AQSA

TRUSTEES' REPORT

FOR THE YEAR ENDING 30 APRIL 2021

The trustees present their Trustees' Report and the unaudited financial statement for the year ended 30 April 2021.

The trustees' report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The charity trustees for the purpose of charity law are known as members of the board of trustees.

In this report of trustees of Masjid Al-Aqsa present the summary of this purpose, governance, activities, achievements and finances for the financial year 30 April 2021.

The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Charities Act 2011. They are responsible of keeping proper accounting records which disclose with reasonable accuracy at any time in the financial position of the charity and to ensure that such accounts and records comply with the Charities Act 2011.

Mission, Objectives and Strategy

Mission

To provide Islamic religious education, prayer facilities and organise functions to Muslims in accordance with the Sunni Hanafi Barelvi school of thought.

Objectives

The aim of the institution shall be to advance the religion of Islam in accordance with the laws dictated in the Quran, the Sunnah of the holy prophet Mohammed and the Hanafi Sunni school of thought and beliefs expounded by the Imam-e-azam Noman Bin Sabit, commonly known as Imam Abu Hanifa.

To promote for the benefit of the inhabitants of Bolton without distinction of sex, sexual orientation, race or of politics, religious or other opinion, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities and the interest of social welfare for recreation and other leisure time occupations with the objects of improving the conditions of the life of the said inhabitants.

To establish or secure the establishment of a community centre / mosque and to maintain and manage the same (whether alone or in accordance with any local authority or person or body) in furtherance of these objects.

Structure, Governance and Management

Governance

The charity was registered on 26 April 2005 as Masjid-e-Aqsa and Minhaj -ul- Quran Community Centre, which was later amended to Masjid-Al-Aqsa through constitution governing document.

The charity is run by Trustees and volunteers. There are no specific restrictions imposed on how the charity should operate to achieve its objectives. However, the income and assets of the charity must be applied solely for the purpose of achieving its objectives.

Financial Review

During the year the charity received £ 93,867 (2020 - £ 116,229) in donations and collections. Gift Aid of £ 7,373 (2020 - £ 40,910) was claimed and received during the year. At the end of the year, the charity's all financial matters were up to date with available cash and bank balances of £ 171,252 (2020 - £ 157,373).

Results and Dividends

At the end of the year the company has assets of £ 1,323,277 (2020 - £ 1,311,894)and liabilities of £ 28,795 (2020 - £ 30,111). The net assets of the company have increased by £ 12,699.

In accordance with the Constitution, the trustees retire by rotation and being eligible, offer themselves for re-election.

Approved by the Board of Trustees on 4th May 2023 and signed on its behalf by;

Mr. Mohammed Aslam Trustee

4

MASJID AL-AQSA

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDING 30 APRIL 2021

MANAGING TRUSTEES AND MOSQUE COMMITTEE

The Trustees who served during the period are listed below:

30 April 2021

30 April 2020

Mr. Abdul Latif Mr. Abdul Latif Mr. Mohammad Aslam Mr. Mohammad Aslam Mr. Mohammad Khalid Mr. Mohammad Khalid Mr. Mian Khan Mr. Mian Khan

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the trustees’ Annual report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVED BY THE TRUSTEES AND SIGNED ON BEHALF OF THE TRUSTEES BY:

Mr. Mohammad Aslam – Trustee 04 May 2023

6

MASJID AL-AQSA

ACCOUNTANT'S REPORT FOR THE YEAR ENDED 30 APRIL 2021

TO THE TRUSTEES AND MEMBERS OF THE MASJID AL-AQSA

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Charities Act 2011, we have compiled the financial statements of the charity which comprises the Income & Expenditure Income & Expenditure Accounts, Balance Sheets, and the related notes from the accounting records and information and explanations you have given us.

I have examined the financial statements for the year ended 30 April 2021 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to my attention:

  1. Which gives us reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act 2011; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting

  4. requirements of the Charities Act 2011 have not been met; or

  5. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

__________ Honorary Independent Examiner

Faruk Patel FFA FTA Stonebridge Accountants 19a Chorley Old Road Bolton Lancashire BL1 3AD

5th May 2023

7

MASJID AL-AQSA

ACCOUNTING POLICIES

FOR THE YEAR ENDING 30 APRIL 2021

The principle policies adopted in the Financial Statements are set out below.

BASIS OF ACCOUNTING

The Accounts have been prepared under the Historical Cost Convention, and comply with the Statement of recommended Practice; “Accounting and Reporting by Charities” (SORP 2005) issued in March 2005, and applicable accounting standards, subject to the limitations imposed by the situation as explained in the Trustees Report “Financial Review”.

FUND ACCOUNTING

Unrestricted funds represent the accumulated funds of the charity that are not subject to any restrictions regarding their use, and are available in the furtherance of the general objectives of the charity.

There are no restricted funds.

The financial statements include all transactions, assets and liabilities for which the Charity is responsible in law.

INCOMING RESOURCES

Collections and donations are included when the charity becomes entitled to the donation, and any conditions for receipt are met. Tax reclaims on donations are accounted at the time as they are received.

Class Fees are recognised when the Charity provides classes to its students.

Grants are accounted for when the Charity is legally entitled to the amounts due and the amount can be quantified with reasonable accuracy.

Income includes grants in respect of revenue and capital items.

RESOURCES EXPENDED

Expenditure is recognised on an accrual basis as a liability is incurred

8

MASJID AL-AQSA

ACCOUNTING POLICIES

FOR THE YEAR ENDING 30 APRIL 2021

FIXED ASSETS

Land and Property

The Mosque has been included at cost price. No depreciation has been charged on the land & building.

Other Fixtures, Fittings and Office Equipment

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

Equipment and machinery – 10% straight line Fixture and Fittings - 10% straight line Computer equipment - 25% straight line

CURRENT LIABILITIES

Qaraz-e-Hasana loans are interest free loans provided by members of the Mosque Community.

TAXATION

No provision has been made for taxation as exemption from taxation has been granted by the HMRC under the provisions of Section 505 of the Income and Corporation Taxes Act 1988.

VAT ACCOUNTING

The Charity is not liable to be registered for VAT. Irrecoverable VAT on expenditure is not analysed separately but attributed to the category of expenditure on which it is incurred.

9

MASJID AL-AQSA

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDING 30 APRIL 2021

Notes
INCOMING RESOURCES
Voluntary Income
Donations
Income Tax Recovered
Grants
Investment Income
Bank Interest
Interest From HMRC
Income from Charities Activities
Sale of Uniforms & School Materials
Funeral & Wedding Fees
Madressa Fees
Student Fees
Transport Fees
Other Incoming Resources
Legal Costs Recovered
Gain on Disposal of Assets
Other Income
TOTAL INCOMING RESOURCES
1
RESOURCES EXPENDED
3
Cost of Generating Funds
Charitable Activities
Governance Costs
TOTAL RESOURCES EXPENDED
2
NET INCOMING RESOURCES
Fund Balances Brought Forward 01/05/2020
FUND BALANCES CARRIED FORWARD 30/04/2021		 Unrestricted
Funds
£
45,473
7,373
995
-
11,000
-
1,800
45,788
-
-
-
806
113,235
4,285
95,012
1,240
100,537
12,698
1,281,783
1,294,481		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Totals
2021
£
45,473
7,373
995
-
11,000
-
1,800
45,788
-
-
-
806
113,235
4,285
95,012
1,240
100,537
12,698
1,281,783
1,294,481		 Totals
2020
£
58,489
40,910
-
-
12,000
-
8,025
47,275
-
-
-
2,440
169,139
2,883
106,805
1,305
110,993
58,146
1,223,637
1,281,783

Continuing Operations

None of the charities activities were acquired or discontinued during the above financial period.

Total Recognised Gains and Losses

The charity has no gains or losses other than the profit or loss for the above financial period.

10

MASJID AL-AQSA

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDING 30 APRIL 2021

Notes
INCOMING RESOURCES
Voluntary Income
1(a)
Investment Income
1(b)
Income from Charities Activities
1(c)
Madressa Fees
1(d)
Other Incoming Resources
1(e)
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
2(a)
Charitable Activities
2(b)
Governance Costs
2(c)
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES
Fund Balances Brought Forward 01/05/2020
FUND BALANCES CARRIED FORWARD 30/04/2021		 Unrestricted
Funds
2021
£
53,841
11,000
1,800
45,788
806
113,235
4,285
95,012
1,240
100,537
12,698
1,281,783
1,294,481		 Unrestricted
Funds
2020
£
99,399
12,000
8,025
47,275
2,440
169,139
2,883
106,805
1,305
110,993
58,146
1,223,637
1,281,783

Continuing Operations

None of the charities activities were acquired or discontinued during the above financial period.

Total Recognised Gains and Losses

The charity made no gain or losses during the above financial period.

11

MASJID AL-AQSA

BALANCE SHEET AS AT 30 APRIL 2021

NOTES
FIXED ASSETS
As per Fixed Asset Schedule
4
CURRENT ASSETS
Debtors & Prepayments
7
Cash at Bank
Cash in Hand
CURRENT LIABILITIES
8
Accruals & Creditors
PAYE
Loans
Net Current Assets / (Liabilities)
TOTAL ASSETS LESS CURRENT LIABILITIES
LONG-TERM CREDITORS
Creditors due after one year
9
NET ASSETS
REPRESENTED BY:
ACCUMULATED FUNDS
5 & 6
Balance B/fwd 01/05/2020
Surplus for the Year
Balance C/fwd 30/04/2021		 £
-
170,864
387		 2021
£
1,152,025
168,591
1,320,616
26,135
1,294,481
1,281,783
12,698
1,294,481		 £
-
156,545
829		 2021
£
1,154,520
153,398
171,251 157,374
858
1,802
-		 3,476
500
-
2,660 3,976
1,307,918
26,135
1,281,783
1,223,637
58,146
1,281,783

Approved by the Mosque Executive Committee on 4 May 2023 and signed on their behalf by:

Mr. Mohammed Aslam (Trustee)

12

MASJID AL-AQSA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 30 APRIL 2021

1. INCOMING RESOURCES

(a) Voluntary Income
Donations
Income Tax Recovered (Gift Aid)
Grants
(b) Investment Income
Bank Interest
Rental Income
(c) Income from Charities Activities
Other Trading Activities
Funeral & Wedding Fees
(d) Madressa Fees
Student Fees
Transport Fees
(e) Other Incoming Resources
Legal Costs Recovered
Gain on Disposal of Assets
Other Income
TOTAL INCOMING RESOURCES		 Unrestricted Funds
Totals
Totals
2021
2020
£
£
45,473
58,489
7,373
40,910
995
-
53,841
99,399
-
-
11,000
12,000
11,000
12,000
-
-
1,800
8,025
1,800
8,025
45,788
47,275
-
-
45,788
47,275
-
-
-
-
806
2,440
806
2,440
113,235
169,139		 Unrestricted Funds
Totals
Totals
2021
2020
£
£
45,473
58,489
7,373
40,910
995
-
53,841
99,399
-
-
11,000
12,000
11,000
12,000
-
-
1,800
8,025
1,800
8,025
45,788
47,275
-
-
45,788
47,275
-
-
-
-
806
2,440
806
2,440
113,235
169,139
99,399
-
12,000
12,000
-
8,025
8,025
47,275
-
47,275
-
-
2,440
2,440
169,139

13

MASJID AL-AQSA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 30 APRIL 2021

2. RESOURCES EXPENDED

(a) Costs of Generating Funds
Books, Radio & Reference Materials
Funeral Materials
(b) Cost of Charitable Activities
Wages, Teachers Fees & PAYE
Pension Contributions
Conference & Exam Fees
Guest Speakers & Scholars
Expenditure on Religous Festivals
Expenditure on Youth
Scholar Prizes During Ramadhan
Subscriptions, Licenses & Memberships
Donations
Mosque Running Expenses
Rates & Water
Heat & Light
Insurance
Telephone
Mosque Repairs & Maintenance
Printing, Stationery & Postage
Miscellaneous Expenses
Depreciation
(c) Governance Costs
Accountancy
Legal & Professional Fees
TOTAL RESOURCES EXPENDED		 Unrestricted Funds
Totals
Totals
2021
2020
£
£
1,993
2,492
2,292
391
4,285
2,883
73,030
71,313
-
-
2,452
2,023
-
-
511
-
-
-
-
-
200
110
-
-
1,434
4,331
5,187
12,059
1,450
1,455
435
892
7,031
8,693
365
287
422
3,147
2,495
2,495
95,012
106,805
-
-
1,240
1,305
1,240
1,305
100,537
110,993		 Unrestricted Funds
Totals
Totals
2021
2020
£
£
1,993
2,492
2,292
391
4,285
2,883
73,030
71,313
-
-
2,452
2,023
-
-
511
-
-
-
-
-
200
110
-
-
1,434
4,331
5,187
12,059
1,450
1,455
435
892
7,031
8,693
365
287
422
3,147
2,495
2,495
95,012
106,805
-
-
1,240
1,305
1,240
1,305
100,537
110,993
2,883
71,313
-
2,023
-
-
-
-
110
-
4,331
12,059
1,455
892
8,693
287
3,147
2,495
106,805
-
1,305
1,305
110,993

14

MASJID AL-AQSA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 30 APRIL 2021

3. RESOURCES USED
Included in resources used are the following costs:
Staff Costs
Wages & Salaries
Pension Costs
Social Security Costs
During the year the charity employed 2 people.		 2021
£
73,030
-
-
73,030		 2020
£
71,313
-
-
71,313

Trustees' Remuneration & Related Party Transaction

No members of the management committee received any remuneration during the year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

Accountancy
Depreciation
4. TANGIBLE FIXED ASSETS
Cost
As at 1 May 2020
Additions
Disposals
As at 30 April 2021
Depreciation
As at 1 May 2020
Charge for year
Disposals
As at 30 April 2021
Net book value
As at 30 April 2021
As at 30 April 2020		 Land &
Buildings
Total
Freehold		 -
2,495
Plant &
Fixtures &
Machinery
Fittings		 -
2,495
Computer
Equipment
£
£
1,163,595
1,138,642
-
-
-
-		 £
£
-
24,953
-
-
-
-		 £
-
-
-
1,163,595
1,138,642		 -
24,953		 -
9,075
-
2,495
-
-
-		 -
9,075
-
2,495
-
-		 -
-
-
11,570
-		 -
11,570		 -
1,152,025
1,138,642		 -
13,383		 -
1,154,520
1,138,642		 -
15,878		 -

15

MASJID AL-AQSA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 30 APRIL 2021

5. ANALYSIS OF NET ASSETS BY FUND

Fixed Assets
Current Assets
Current Liabilities
Long-Term Liabilities
Fund Balance
6. MOVEMENT IN FUNDS
As at
Incoming
01/05/2020
Resources
£
£
Unrestricted Funds
1,281,783
113,235
1,281,783
113,235
7. DEBTORS
Gift Aid Payments
Prepayments
8. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade Creditors
Accruals
Other Creditors
Social Security & Other Taxes
Qaraz-e-Hasana Loans (Interest Free)
9. LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR
Qaraz-e-Hasana Loans (Interest Free)		 Unrestricted
Funds
£
1,152,025
171,251
(2,660)
(26,135)
1,294,481
Outgoing
Resources
£
(100,537)
(100,537)		 Transfer
Between
Funds
£
-
-
2021
£
-
-
-
2021
£
-
-
858
1,802
-
2,660
2021
£
26,135		 As at
30/04/2021
£
1,294,481
1,294,481
2020
£
-
-
-
2020
£
-
-
3,476
500
-
3,976
2020
£
26,135

16