Charfty r•glstrallon number 1110135 (England and Wale8} Company rnglstsation number 06386816 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru8ts08 and dlrectorn H M Nazir OBE Q Hussain S Hu38ain M Yaqub Gulnawaz Khan Dlractor Socr•tary HNKhan Charfty ntsmb•r 1110135 Company numb•r 05386816 R¢glstsrnd offlG• Madina Masjld Trust 24 Wolseley Road Sh8ffield S8 OZU Ind•pgndent •xamln•r Grant Illade BAACA Wells Richardson Cannon House Rutland Road Sheffield South Yorkghlre S3 8DP Bankorn HSBC 8ank plc 40 Fl$h¢rgat• Preston Lancashire PR12AD SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST CONTENTS Trustees, report Independert ￿amIne¢s report Slalement of financial ac*SvRle8 Balance sheet Notes to the Ilnancial statements 7-14 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present thelr annual reFX>rt and fjnancial statements ft)r the year ended 31 December 2024. The fin8n(ial Statements have been prepared in accordance wlth the accountlng policies set out in note 110 the financial statements and Comp￿ with the trust's Memorandum and Artides of Associalion, the Companies Act 2(NJ6 and 'Ac¢￿Inting and Reporting by Charilie8: Statement of Recommended Practlce applicabla to charities preparing their accounts in accordance with the Finandal Rep¢rtSng Standard applicable in the UK and Republic of Ireland {FRS 102)" (effectNe 1 January 2019). Objeclives and aGtlvllleg The twst's oblects are., (i) to promot8, by such mèans as are charitable, tho advancement of the faiih of Islam in accordance wlth the tenets and doctrines of the Hanfia (Bralvia) sch(K)l of thought; and (li) to relieve povety, ag8 and iUne88 amongst the inhabitants of SoLrth Sh¢ffield (Ihe 'area of benefin (and in particular those inhabitants who are of the Musllm failh ¢r who are in need by reason of their youth, 8g8, infinnity or disablem8nt, povety or soclal and economic circwrn51ance5) through the provision of faciliiies in tha interests of soclal welfare and for leisure time occupaiion with th8 obj8ct of improving the cond5tions of life ¢f th¢ sald inhabitants. Durfng the year under review. the ChariW8 key objeclives were.. (i) to help the individual reform. purlfy and purnue his or her life in keeping wilh the Islam￿ methods. and in particular to help and gulde the believers in Islam (in accordance wilh the Hanfia {BraM'a) school of thought),, (li) to provide proper facilit188 for congregational prayers for men, women and chlldren through the establishment of a Mosque with specffic facuittes and servkes for Muslim women., liiil to adwance Islamic education by providing and mairrtaining a school for Islamic general edu¢ation of Musllm children and providing facilities for education of Musllm adults (and In particular women); liv) to advance the educatlon of the public in Islamic studies, particularfy, but without prejudice to the foregoing, by the prO￿$1¢n of classes and workshops in Islamic history. law and art and provide an Islamlc Ilbrary., {v) to respond lo emerging 8ocial and charitable ne¢ds affeding the local community in areas such as education and 80(xal welfare. The trustees have paid due regard to guidance issued by the Charity Commission In deciding what activities the tn18t should undertake. The Commlttee believes that by promoting the work of the Charity. it helps lo advance wbli¢ knty￿edge. understanding arbd appreciation of the Mu8lim failh. Achievomonts and perfommn Flnanclal revieY• Financial mana9ement is the princlpal legal responsibillty of Mr. Gulnawaz Khan. Ihe Honorary Treasurer. The Joint Committee Treasurers. Mr Ibrar Khan and Mr Karamat Hussain, perform day-to-day book-keeping dthie$, The Charfty operates a bank account with HSBC Bank Plo Potential financial risks have been Identlfied and reviewed by the Trustees and Committee. It is the policy of the trust thal unrestricted funds whith have not been designated for a specific use should be maintsined at a tev81 equivalenl lo at least three month's expendiiure. The trustees consider that r8serves at this 18vel will ensure that. in Ihe evenl of a signifficant drop In funding, they will be able lo conlinu¢ the trust's current activlUes while consideration is given to ways in which addiiional funds may be raised. At 31 December 2024, tha value of such reserv68 was £199.275 (2023: £380,681) which extteds three months, nomial @xpenditure. The designated funds in the accounts represenl tha net book value of tangible fixed assets. These funds will be reduced over Ihe useful e(x>nornic lrfe of Ihe tanglble fixed assets in line with depr8riation. trustses have as¥essed the rnajor risk5 to which tho tNst Is exposed, and are satlsfied that systerns are in place to rnltigate exposure to the major riskg. SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 gov•manc• and managem•nt The trust 1$ a ¢ompany limited by gua(anl80 which was incorporated on 9 March 2005. It is govemed ty Its Memorandum and Article8 of Association dated 8 Aprll 2CM)S, as amended by a special re801ution dated 14 June 2005. Each member of the company is requlred to c)mpany law, the Trustees have reSp(￿sibIlitieS lo ensure the Charity works wthin its aims and prin(aples to provid& the best posslble seffvice for its users and for the local community. The Trustees also haw r¢sponsibilitl88 as an empk)yw and delegate ta8ks In the day to day running of the Charlty to the Committee. The Committee con81sts of 10 members and indudas a Chair. VKe£hair. Minutes Sacrntary, Trea8urer Ibook- keeper) and Edu(*tlon Manager who a￿ all unpald by the members at each AGM and f8POrts al its activltles to the Trustees. Commrttee mefflbers serve until the next AGM fo1￿91n9 th81r electlon when they shall reslgn but may offer thernse￿ for ro-olectlon. No Commillee member serv08 for a pwiod of more than three c4)nse¢utsve years. The Comrnittee, under Ihe dlreclion of the T￿S￿5. undertakes Ihe day-tfrday manag8ment of the Charivs premi8e8. 8uch as security. Careta￿n9 and deaning (pro%rfded no finanaal transaction above the value of £50018 undertaken by th• Committee wilhout the aulhorl8lng signature of a nominated Truslee); and arranges for and supervlses religious educatlon. It reports to the Trustees on al rnalte￿ re￿tIng to the ChaflV8 a￿vItIes ind￿ling flnance, 8tafflng. education and lutur• prlodlles and a(lions. Chair of the Manag•ment Committee Is Mr A Shaheen: Vthchair Mr T Mahmood. Sgcretary Mr Z Khan; Jolnt Commlttee Treasurers Mr Ibrar l(han and Mr Karamat Hussakn; the Education Manager Is Mr. A Rauaq. Tho tru$toes, m08t of Ythom are also the dlr•(Aors for the purpose of o)mp8ny law, and who served durlng the yoar and up to the date of Signature of the ffinandal $iat¢ments were.. Hall Mohammad Nazlr OBE Dlrector truslee Director and trustee Dlrector arKI trustee Diredor arml trustee Dlrecaor and Honorary Treasurer Sablr Hu88aln Mohammed Yaqub Qurt)an HU￿ain Gulnawaz Khan When ¢))mF4et8. th• Truslees consist ot. - four'Guardian Tru81¢08" being Ihe first four subscrfbers to the Memorandum,. - a Company Se(xetary and an honorary Treasurer cl￿PIed by the Guardian Trustees. The Ch8rlty may Inixease or reduce the maxlmum number of truslees by passing an ordinary resolution. pro￿lded that the number Is not re¢lu¢ed to below three. In addition, the members of tha Charlty must appoint four p8r8on8 to be "secondary Guardian Trustees" for the Charity. Such persons will not be Trustees on appolntment but any one of them is entiw to be appointed as Guardian Trustee on Ihe dealh, retirement or r8ffloval of a Guardlan Trustee. New Trn8tees under90 or1en1afj￿ to brief them on Iheir 10gal obligations und¢r ¢harlty law, the content of the Declaratlon of Trust. the decision maknng process and recent finan¢kil perfomance of the Charity. All Tnjstees are requlred to sign a d8daration of their willingness to act as Trustee beth Ihey can vote in any meetSng$. Small ¢ompanles exemptlon This report has been wepared in a¢¢ordance with the provisicffis applicabl8 lo rJ)mpanles entitled to the small compani8s exemptlon. SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST TRUSTEES. REPORT (INCLUDINO DIRECTORW REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Th• remwa• apwoved byth• B￿rd olTNstso•. H M Nazlr OBE 19 S•OaMb•r 2tr25 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST I report lo Ihe Irustees on my examination of the financial statements of Sheffield Islamic Centre Madina Masjid Trust (the trust) for the year ended 31 December 2024, Responsibilities and basis of rpport the trustees of the trust (and also ts directors for the purposes of company law). you are responsible for the preparatlon of the ffinan(#al statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the ffinancial slatements of the trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I feport in respect of my examination of the trusfs financial ststements caftied out under sethon 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) ofthe CharitiesAct 2011. Independent extaninef s Statement I have completed my examinab'on. I confirm that no matters have come to my attention in c<)nneclion vjith the examination giving me cause to believe Ihat in any material re5ped- accounting records were not kept in respect of the trust as required by seclion 386 of the Companie8 Act 2006. the fjnan¢ial slatew¢nts do not accord with those records: or the finanaal ststements do not comply wtlh Ihe accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, whi¢h is nc¢ a matter considered as part of an independent examination., or the financial stalements have nol been prepared in accordance with the melhods and principles of the Statemenl of Recommended Practice for accounting and reporting by tharities applicable to charibes preparing Iheir financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republio of Ireland (FRS 102)- I have no concerns and have come across no other matters in connection wth the examination to which attention should be draym in this report in order enable a proper understsnding ofthe financial statements to be reached. Grant Wade 8AACA Wells Richardson Cannon House Rudand Road Sheffield South Yorkshire S3 8DP Dated,. 23 Seplember 2025 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrmtrlcted UnTrBtrlct•d fund8 lunds gon•ral dMlgnat•d 2024 2014 Tolal UnrnBtrkt8d Unr••triGtsd funds funds general d•8lgnated 2023 2023 Tot41 2024 2023 Donalions and legaLaes Othew tradlng acti¥ities 158,389 38,QXI 158,369 38,lll) 188,743 28.2(NJ 186,743 28,200 Totsl Incom• 196.369 196,369 214,943 214,943 Charitable actmties 171,462 171.482 184,931 184.931 Net Incomlng rn•our¢ b•ft+r• tran8f•rn 24.887 24.887 30,012 30,012 Gross transfers ba￿en fund$ (206.293) 206,293 (10,378) 10,378 Not l•wndltsr•ylncom• for th• yoarf N•t mov•mont In fund8 (181,4￿) 2CI3.293 24,887 19.634 10,378 30,012 Fund b8lance6 at 1 January 2024 380.881 5,047,$38 5,428,219 361.047 5,037,180 5,398,207 Fund balan¢M •t 31 DK•mber 2024 199.275 5,253,831 5,453.106 380.681 5,047,538 5.428,219 The stalemenl of finandal activilies indthles all gains and losses recognised in the year. All Income and expondbture derive from continulng activftles. The Slatement of financial actNltles also ¢omp1kn8 wlth the requirements for an Income and expendilure 04xount under Ihe Companlo8 Act 2C¥J6. SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST BALANCE SHEET ASAT 31 DECEMBER 2024 2024 Flx•d a•Mts T￿1• au•ts 11 5253.831 6.047,538 12 5,800 C￿h ai and In hMd 211.346 393.840 Crndllorn: •mounts f•llthg du• wlthln •n• y••r 13 (12,071) (13,159) N•1 pJrr•nt••MI• 199.275 380,881 Totll almts IM• Guff•nt Il•bllltl•8 $,4S3,106 6,428219 Inc•m• fund8 0￿19na￿ fvnd• lj $353,831 199,275 $,047,$3a 380,681 6,453,106 ON28,219 The oyyny Is wvued lo th• ￿0mPl￿ from th• I￿j11 l•q￿r•M￿t cont￿nad In i•cllon 477 of th• CfftnlMAd 2QJ8, lor th• y•w •Kled 311￿ornb•r 2024, Th• dr•ctorn thdr r••p￿lIbIllkn lty pJmplylThJ wlth lh• T￿4￿r￿n0nts of lh• Cmanl•• Act 2QJ6 Th• m•mb•rn huve not raquhd th• ￿mpanY h c4>tdn an audll of its frnndal 8tatomants for tho y•w In quB8tk In a(xord•no8 ¥•dlon 478. Th••• flnjwjal olatamwl• haw ￿en prepared In ac(#ydanc• vAth th• provtslom athkabkn to C•)mF4nh• wbjoct to tho •mall ¢ompanl88 reglrn•. Th• slbtsnwth w•r• approv•J by lh• TN8to01 on 19 Swtsmb•r 2025 HMN OBE Compwry R•gl•tr411on Nth 06388816 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng policSe• Chartty Inforniatl¢n Sheffield Islamic Centr• fvladina Masjid Trust 1$ a private company lirnit8d by guarante8 Incofpor8ted in England and Wales. The reglst8red office 15 Madin8 M8slld Tru8t, 24 Wolseley Road, Sheffield. S8 OZU. 1.1 Accounung conv•ntlon The finandal statements have been prepared In accordanca with the trust's Memorandum and Artides of Association, the Compan188 Act 2006, FRS 102 "The Flnandal Reporting Standard appllcable in the UK and Republic of Ireland. fFRS 102.) and the Chaiities SORP "Accountlng and Reporting by Charitles: Statement of R¢¢ommended Pra¢*ice appllcablo to charili88 preparing thelr a¢¢ount8 in accordance with the Financlal Reportlng Standard applicable In tha UK and Republic of Ireland (FRS 102)" (effeCt￿e 1 January 2019). Th¢ Irust 1$ a Publ1¢ Beneflt Entity as defined by FRS 102. The tru8t has taken advantage of th? provisions in the SORP for charltie5 not to prepare a Statement of Cash Flow$. The financlal statements are prepared in sterfing. whlch 18 the functlonal currency of the tru$1. Monetary amounts In Ih08e financial 8tatement8 are rounded to the nearest £. Th8 financial statemènts have been prepared under thg hl8torlcal cost conventlon. The princ5pal accounling pollcl88 adopt8d are 881 out below. 1.2 Golng ¢on¢wn At the time of approving the financial 8tsternents, the tru8toe8 have a rea8on8ble expa¢tation that the trust has adequate resources to Gonlinue In operational existence for Ihe foreseeabl8 future. Thus Ihe tru$t••$ contlnue to adopt the going concem basis of accountlng in preparing the flnanclal 81alements. 1.3 Charftabl• fund• Unrestrlcted furK18 are avallable for u86 at the d1scrot1(￿ of the tru8toe$ in furtherance of thelr charitable objectives. De*naled fiJnd8 ar8 those funds sol aside out of general funds by the trustees fcr a specffjc purpose over whose u88 and purp08é the Irustee$ have dlstxetiL)n Restricted funds are 8ubJect to spectfic ￿ndItionS by donors or gr8ntors as to how th6y may be used. Tho purposes and u8es of th¢ r881rlcled funds are set out In the notas to the financlal $tat¢m6nts. Endowment funds are subject to specific conditions by donors that the capitgl mu81 bo maintsined by the trust. 1.4 Incomo Incoma Is r¢cognlsed when the trust Is legally entitled to it after any p¢rformance conditions have been met, the amounts can be measured rellabty, and it 18 probabl• that income will be recelved. Ca¥h d+J7ations are rfjcognised on wecaipt Other donatlons are recognised once Ihe trust has b8en notiffi8d of the donallon. unless perfomiance ¢¢nditlons require deferral of the amount. Income tax recoverable In relatlon to donab'ons recelved under Gift Aid or deeds of covenant is recognised at th¢ Ume of the donation. Legacles are recognised ¢n receSpt or olhepwise11 the trust has been notified of an impendlng distnbution, the amount 1$ known, arbd re￿Ipt Is expected. If the amount Is not known, the legacy is treale(l as 8 conling8nt asset. SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•• (Contlnuod) 1.8 Expendlturo enditure is recognlsed onc8 Ih8r8 18 a legal or o)nstNCtSve obligation to transfer economlc b8n8fjt to a third party, It Is probable that 8 transfer of economic benefits wlll be requlred in settlement, and the amount of the obllgation can be measured rellabty. ExperKllture is classthad by actSvSty. The ￿515 of each activity Sre made up of the totsl of dSroct Costs and sharèd costs, Indudlng support costs Invofvad In undertaking each aclvlty. DSrect costs attributable to a singl8 aCtI￿ty are allocatod directly to that a¢tlvlty. Shared costs whith contrfbute to more than one activity and support Msts whlth are not at￿butable lo a single actlvity are apportioned between tr￿6 a¢tsvitS88 on a basis ¢onsl8tenl wlth the use of resources. Central stsff cosls are allocated on the basis of time spent. and depreclatlon charges are allocated on the Pts￿0n of the asset's U8e. 1.6 Tanglbh Ilx•d a8Mts Tangible fixed 8888ts are capitalised rf they cost mor• ihan £200 end can be usod for more than ona year, They are initialty measured at Mst and sub8equenliy measured at C081 or valuation, net of depredatlon and any Impaliment losses. Depreciation is rec4gnl88d 80 a8 to write off the cosl or valuation of assets le5S their residual value8 over their U8efvl Ilves on Ihe followlng ba$o8: Freehold land and buildings Leasehokl larKI and bulldlngs Fmures and fittings 0% 20% Straight Ilne The gain or loss arlslng on the disposal of an asset 1$ d¢t•rmlned as the difference between the 8ala proceeds and the c&￿Ing value of the asset, and Is recognised in the statement of flnanclal actiiities. In accordance wilh Flnancial Reportlng Stsndard 102 land Is nol depreciated. Bulldlng8 have been induded al ¢))st when acquired durlng the year. No depreciation Is provided on fre8hold or leasehokl land and bulldln98.11 Is the polt¢y Of the Trustee5 to malnta5n Ils propertles In suth a condltlon that thebr valua is not impaired by the passage of tlme. The residual value Is slmllar lo it8 carylng value and depreclatlon, therefore, would not be material. The trustees perfom annual impairment revl¢w8 in order to ensure thal the ¢arrying valu018 not more than the recoverable amount. Although thls accounting pcll¢y18 In accordance with applicable a¢c¢unting standards. it is a departure from the general requlfement of the Companles Act 2006 for all fixed assets to be depreclated. In the opinion of the trustees Gompliance wbth the Standard is not nec8ssary lor the financial slalements to glv¢ a true and fair view. Depre¢Satlon or amortisatlon Is only one of many factors refiec4ed In the valuation and the amounl of th18 whith mlghl olherw180 have been charged cannol be separately identlfied or quantlfiod. 1.7 Impalnnent of fixed 0•8•ts At each reporting end date. the trust reviews th8 carrying amounts of its tanglble a$$et8 lo determine whether there is any Indicatlon that those 8ssets have suffered an impalm*nt loss. If any such Indlcation exlsts, the recoverablo amount of tho asset is estimated Sn order ID delemiine the extent of th8 impaimHrt loss {If any>. 1.8 Cash and cash •qulval8nts Cash and eAsh equiva18nts include ¢ash In hand, deposits held at call with banks. other short-tèm) I￿Uld Inve8tm8nts with origlnal maturftles of three monlh8 or less. and bank overdrafts. Bank overdrafts are shown within borrowings In ¢>Jrrent liabilitles. SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIALSTATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounllng pollcle• Icontlnuodl Baslc Ilnanchl •8s•ts Baslc 11nandal assets, whlth indude debtors and ￿$h and bank balanqx8. are Inllially measure(l al transaction price Induding Iran8aGtion cx)sts and are subsequently ¢8rrled at amortis•d cost u3lng the effective interest method unless thè arrangement conslitutes a financing tran88ctlon. where the transaction is measured at the present value of the future receipts dIs￿unted at a market rate of interost. Flnanc4al assets c4a&8lfied 88 rocelvable within one yeaf are not am¢rtl$•d. aaslc ffnancl81 Ilablllu Ba81c finanGial liabllitles. Induding credSlors and bank loans are Inltlalty recognised at transaction pric8 unless the arrangement ¢onstitutes a financino transactlon, wh8r8 the debt in8trument18 mea8ur8d at the present value of the lutura payments discounted at g markot rate ¢1 Interest. Financial li8bilities da881fied as payabl• within one year are nol amorliMd. Debt Instrum•nls are subsequently caThlad at amortl8ed ctsst, U81ng tho affactive interest rate method. Trade creditor6 are obligations to pay lor goods or 88rvices that have been acqulred In lh8 ordinary cour80 01 operatlons from suppller8. Amounts payable are dasslfl8d as current Ilabllltl&8 If payment is due within one year or lass. If not. they are presented as non-cuThent liabilities. Trade uedltors are re¢ogni5od Inltlally at transaction prlca and subsequently measured at amortS8ed cost uslng the effective intsrest method. 1.9 Retlr•mont ben•llis Payment8 to defined contsibution retirement benefrt 8cheme8 are chargod a8 an ex￿n$9 as they fall due. Crltl¢•l •ccounllng ••tlmat•8 and ludym•nts In the applScatlon of the trust's accountlng pollde$. Ihe trustees are required to fflake judgements. e8tlmates and assumpllon8 about the carying amount of assets and Ilabllltie8 that are not readity apparent from other sources. The eGtimates and assoclated assumptions are based on hlstorfcal experlon¢a and other factors that are con8id8rnd to ba felevant. Actual results may differ from these estimates. The esllmat68 and undeTlylng assumpllon8 are revlewed on an ongoing ba$ls. RovI￿On9 kn accountlng 8stlmates ara T8￿)gnISed in Ihe perlod In whlch the e8tlmate18 revised where the revision affects only that period. or In th8 perl¢d Of the rev181on and future periods where Ihe revlslon aff•Gl$ both current and future perfod6. Donatlon• •nd1ogacl•$ Unro•trl¢t•d Unrestrtcted funds fund8 general general 2024 2023 DonatK)ns and gffis 158,369 186,743 Donatlon8 and glfis CollectSon donations Collection Mosque 15,398 142,971 13,755 172,988 158,369 186.743 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from othr Iradlng actMt1•8 Unrostrlct￿ Unrn•trictod fund8 fund• 2024 2023 Leiting and licenslng arrangements 38,000 28,200 Ex￿ndIturn on Gharltabl• actfvitle• Charftabl• acllvltl•• 2024 Charltabl• actlvltlas 2023 Dlrnct eo8t8 Staff cost8 Deprecialon and Impalrment Telephone In8uranc4 Waler ratej Speaker8 and consultancy fees Printlng. po$tag8 and stationery Bank charges Light and heat Health and $afety Repairs and renewals Leasing of offico 8qulpm8nt Marketing, publirAty and educaUon Cloanlng La9￿ and profe88ional fees 32,509 9,223 1.945 18.522 8.735 9.245 1,587 628 46,951 2,788 28,825 1,$09 4,127 8.862 1,268 32,870 8,622 1,SS1 17,503 17,905 1,128 792 48,874 3,783 28,896 1.527 5,932 6,908 3,120 170,522 183,851 Share of Support and gov•rnance cmts l•e• not• 61 Goveman¢8 980 1,080 171,482 184,931 Analyrllg by fund Unrestrfcted fund5- g8neral 171,482 184.931 10- SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support co$ts allocated to activftle• 2024 2023 Govemanca c08t8 1,080 Analysod b•twe•n: Charflable aGlivitse8 1,080 2024 2023 Governanc• C￿tI eomprl••: Independent examination fe88 1.080 960 1,080 N•1 mmmgnt In fund8 2024 2023 The net movement in fvrK16 18 Stated aft•r Ghargln91(credlllng)'. Fees payable for the Independant examination of the ¢hariV8 financial ¥talement8 D?prKlailon of owned tanglble fixed a888ts 9,223 8.622 Tru•teo• None ol the tw$lees (or any persons o)nnected wlth them) received ary remun¢ratlon or benefit8 from the trust during the year. Employ0•• The average monthly number of employees during the year wa8: 2024 Number 2023 Numb•r Employm•nl co8ts 2024 2023 Wdge8 and salarf•8 other pension costs 31.947 562 32.394 476 32.509 32,870 There were no employees whose annual remunerath)n was more Ihan £60,OIX). 11 SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Taxalion charSty Is exempt from taxation on ts aclivilies because all its income is applled for ¢haritable purposes. 11 Tanglbl• fixed assots Frnghold l•nd and bulldlngs Loa8•hold Flxiurns land and fllllng• bulldlnv Cost Al 1 January 2024 Additions 4,504.690 29,928 519,531 180,323 317,981 5,342.202 5.285 215.516 At 31 De¢ember 2024 4,534.618 899,854 323,246 5,557.718 Deprnclation and Impalmiont At 1 January 2024 Depreclation tharg8d in the year 294. 9,223 294,664 9,223 At 31 December 2024 303.887 303,887 Carrying amount At 31 December 2024 4.534,618 699,854 19,359 5.253.831 At 31 December 2023 4,504,690 519,531 23,317 5.047,538 12 Debtorn 2024 2023 Amounts falllng due wlthin one year: other debtors Pfepayments and acuu8d income 1,300 4.500 3,980 5,800 3,980 13 Cr•dltor8: amounts falllng du? wlthln one yoar 2024 2023 Other taxath)n and social security Other creditors Acc¥uats and deferred In¢orne 141 438 2,400 10,321 11.930 12,071 13.159 12- SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Retlrement benefit ￿h•M•S 2024 2023 Dofined ¢ontrlbullon schemes Charge lo profft or1088 in respeGt of defjned ¢ontrlbution schemes 562 476 Th8 trust operates a defined ¢¢ntribution pension scheme for 811 qualifying employees. The assets of Ihe schem¢ are held separately from those Of the trusl in an independently administered fund. 15 Unmtrf¢tsd fund$ - Do$lgnatsd Th888 are designaled funds whlch have been set aside out of unrestricted fund8 by the tru8tee8 for specific purpo$¢s, At 1 January 2024 Transferg A131 December 2024 Tangible fixed assets 5,047,538 206,293 5.253,831 Pr•vlou$ yur: At 1 January 2023 Transfers At31 December 2023 Tangible ft%ed assets 5,037,160 10,378 5,047.538 These funds rewesent the net book value of tsngible fixed a888t8 which will be reduced over the useful economic lrfe in line with depr8ciation. 16 Unrestrktsd funds The unrestrlded funds of the charity comprise th8 unexpended balanc8s of donations end grant$ which are nol subject to Specific condition8 by donors and grantors as to how they may be used. At 1 January 2024 Incomlng Rasour¢e$ ro8ource8 expended Transfern At31 Decemb•r 2024 G8n8ral furxls 380,681 196,369 {171.482) (208,293) 199.275 Previous year: At 1 January 2023 In¢omlng R•8ources re8OU ex￿nded Transfer8 At31 December 2023 General fvnds 361.047 214,943 (184.931) (10,378) 380,681 13- SHEFFIELD ISLAMIC CENTRE MADINA MASJID TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Analy#is of net a•••ts botsv•on funds Unrnstrlcted Unrejtrlcted funds funds g•noral Do•lgnated 2024 2024 Total 2024 At 31 D•cemb•r 2024: Tangible assets Current asset￿(liabIlItle5) 5.253,831 5.253,831 199,275 199.275 199.275 5.253,831 5,453,106 Unr••trl¢t•d Unr••lrict•d fund¥ fund• general De•lgnatsd 2023 2023 Totsl 2023 At 31 DKomb•r 2023: Tanglbla assets Current 8888ts1(ligbilitie8) 5,047,538 5,047.538 380,681 380,881 380,881 5,047,538 5,428,219 18 Rolat•d party tran•actlon8 Thara ware no disdosable related party tran5a(IK)ns durlng the year (2023 - none). 14-