Company Registration No. 05254675 (England and Wales) Registered Charity No. 1111582 THE BRICK LANE JAMME MASJID TRUST (LONDON) LIMtTED ANNUAL REPORT AND FINANCIAL STATEMELYrs FOR THE YEAR EIWED 31 DECEMBER 2024 UHY
THE BRICK LANE JAMME MA TRUST (LONDON) LIMrrED CONTENTS Page General and administrative infOrnll0n Trustees, Report Independent examiners, report Statement of fmancial activities Balance sheet Notes to the fmancial statements 9-16
THE BIUCK LANE JAMME MASJID TRUST (LONDON) LIMITED GENERAL AND ADMINISTII4TIVE INFORMATION REFERENCE AND ADMINISTRATtVE DETAILS Trustees: Hamidur Ralmian Choudhury- President Abdul Gofijr Khalisadar - Senior Vice President Syed Mortuza Ali- Vice Presidenl Nur Uddin - Vice President Mohammed Abdul Musabbir- Vice President Mohammad Iliyas - Vice President Mohammed NUNI Hoque Lala Miah- Vice President Altafur Rahrn- Vice President Haylal Uddin Ali - General Secretary Hafijur Rahman - Joint Secretary Abdul Khalik- Joint Secretary Motiur Rahman- Treasurer Nure Alom Russell - Joint Treasurer Yousuf Kamaly - Member Arfth AIÈ . Member Moshiur Rahman Choudbury - Member Ansanll Haque- Member Syed Khairul Islam- Member Angur Ali . Member Suba Miah- Member Nurul Islatn - Member Amir Hussain - Member Hannuz Ali- Member Secretaries: Haylal Uddin Ali - General Secretary Registered Charity Number: 1111582 Company Iyumber: 05254675 Registered Office: Quadrant House- Floor 6 4 Thomas More Square London Elw IYW Independent Examiner: Rachel Chim FCCA Quadrant House 4 Thomas More Square London Elw IYW Bankers: National Westminster Bank PIC Bishopsgate, PO Box 34 15 Bishopsgale, London EC2P 2AP
THE BRICK LANE JAMME MAlD TRUST (LONDON) LIMITED CONTENTS Page General and administrative inforniation Trustees, Report Independent examiners. report Statement of fllwicial activities Balance shect Notes to the funcIaL statements 9-16
THE BRICK LANE JAMME MA&TID TRUST (LONDON) LILMITED GENERAL AND ADMII%ISTRATIVE I.YFORMATION REFERENCE AND ADMINISTRATIVE DETAILS Trustees: Hamidur Raknian Choudhury - President Abdul Gofur KhalAsadar- S¢nior Vicc Prcsidcnt Syed Mortuza Ali - Vice Prcsident Nur Uddin - Vice President Mobammed Alxlul Musabbir- Vicc President Mohammad Iliy&% - Vice President Mohammed Nurul Hoque Lala.Miah - Vice Pr¢sid¢nt Altafur Ralllnan- Vice President Haylal Uddin Ali - General Secretary Hafijur Rabman - Joint Secretary Abdul Khalik- Joint Secretary Motiur Rahman- Treasurer Nure Alotn Russell - Joint Tr¢asur¢r Yousuf Kamaly - Member Arfik Ali - Member Moshiur RahM Choudhury- Member Ansarul Haque- Member Syed Khairul Islam - .Member Angur Ali - Member Suba Miah - Member Nurul Islam- Member Amir Hussain . Member Harn]uz Ali - Member Secretaries: Haylal Uddin Ali - General Sccrctary Registered Charity Number: 1111582 Company Number: 05254675 Registered Office: Quadrant House - Floor 6 4 Thomas More Square London Elw IYW Independent Examiner: Racbel Chim FCCA Quadrant House 4 Thomas More Square London Elw IYW Bankers: National Westminster Baok PIC Bishopsgatc, PO Box 34 15 Bisbopsgale. London EC2P 2AP
THE BRICK LANE JA.MME MASJID TRUST (LONDON) LIMITED TRUSTEES, REPORT FOR THE YEAR EINDED 31 DECEMBER 2024 The Brick Lane Jamme Masjid Trust (London) Limited ("Jamme Masjid") presents its report and fmancial statements for the year ended 31 December 2024. Details of the Charity's activities are available from its Head Office.. 59 Biick Lane, London E16QL Tel.. 020 7247 6052 Fax.. 020 7247 3787 The financial statement5 have been prepared in accordance with the accounting policies set out in notes lo the accounts and cornply with the charity's governing documenl, the CTrJarities Act 2011. the Companies Act 2006 and ACcoUntg and Reporting ty Lharities: Statement of Recommended Practs"ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT The Brick Lane Jamm¢ Masjid Trust (London) Limited ("Jatnme Masjid") is a company limited by guarantee governed by its Memorandum and Articles of Association dated 4 October 2004. It was registered as a charity with the Charity Con]mission on 5 October 2005. The directors of the charitable company {"the charity") are its trustees for the purpos¢ of the charity law and throu8boiit this report are collectively referred io as ihe Tnistees. The Truste£s se.rving diiring the. year and %ince the year end were as follows: Hamidur Rahman Choudhury - President Abdul Gofur Khalisadar - Senior Vice President Sycd Mortuza Ali - Vice President Nur Uddin - Vice President Mohammed Abdul Musabbir- Vice President Mohanunad Iliyas- Vice President Mohammed Nurul Hoque Lala Miah - Vice President Altar Rahman- Vice President Haylal Uddin Ali - General Secretary Hafijur Rahman - Joint Secretary Abdul Khalik- Joint Secretary Motiur Rahtnan- Treasurer Nure Alom Russell - Joint Treasurer Yousuf Kamaly - Member ArfLk Ali - Member Moshiur Rahman Choudhury- Member Ansarul Haque - Member Syed Khairul Islam - Member Angur Ali - Member Suba Miah - Member Nurul Islam- Member Amir Hussain - Member Harniuz Ali - Member
THE BRICK LANE JAM.ME MASJID TRUST (LONDON) LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Jamme Masjid is the legal owner and operntor of the Masjid. The building was constrncted in 1743 and was used as a mosque from 1976. The Board of Trustees comprises individuaL8 who are reputable members of the Muslim community. The range of skills represented on the Trustee Board is kept under review and appointtnents to tbe Board are Jllad¢ by the Members of the Trust at the Annual General Meeting every two years. The Ttustees are legally responsible for the governance and management of Jamme Masjid. Board meetings are held on a regular basis. The Board decides utK)n matters of strategy and overall policy, det¢tmines the priorities and sets targets. The induction process for newly appointed TnleeS comprises of meetings with Board members. and covers governance. Documentation provided for new TTUStees includes copies of the Trust Deed. relevant minutes and a history of the Chlty. The Tnl¢eS have adopted a more formal approach in respect of the induction and training of the TrsteeS. RISK ASSESSMENT The Trslee$ keep under regular review the major risks that could affect their achievement of the charlty's objectives. During the forthcoming year, a comprehensive assessment of these risks will be carried oul so that, where necessary. controls can be fiwther improved and other actions instituted to mitigate the exposure to those risks. OWECTtVES Al ACTIVITIES The objectives of The Brick Lane Jamme Masjid Tnt (Lonth)n) Limited are as follows.. i) Thc promotion of thc Islamic faith and ID particular (printins thc 8cncrality of th¢ foregoing) the promotion of the leaching of the AHL-E-suNATH WAL JAMATH in the area of the Greater London Authority. To facilitate perforniance of prayer five times a day, holding of two Eid congregations. special prayer, Islamic onferenc¢s. s¢miDars, m¢etRngs. lectures at]d nuuiing school for Islamic education. Along with general education for Muslim children and youths. 2) 3) PUBLIC BENEFrr The Trustees have compb'ed with the duty in section 17(5) of the 201 I Charities Act lo have due regard to guidance published by the Clwity Commission with regard to public benefit. ACHIEVEMENT AND PERFORMANCE The Brick Lane Jamme Masjid was incorporated inlo a limited guarantee company and is registered with the Charity Comtni55ion. The Trustees and members have worked tirelessly to nke the Masjid &s it is today. The building was constructed in 1743 and it is evident that a building as old as this requires a great deal of modernisalion and sttuctwal rei)Jfor¢en)ent to accommodate the new demands. The matter is not helped by the fact that the bullding is a grade Il listed structure requiring a great deal of care and attention in the way it is upgraded, adhering to the English National Heritsge's regulation. The English National Heritsge is a regulalory body in charge of listed buildings atLd conservalion areas. Modernisation of any listed structures requires consent and undergoes a great deal of scNtiny from the body. The regeneration plan illustrates the forward thinking steps that are being taken by the Trustees to meet current demands while planning for the uses of generations to come.
THE BRtCK LANE JAMME MASJID TRUST (LONDON) LIMTfED TRUSTEES, REPORT FOR THE YEAR EIYDED 31 DECEMBER 2024 ACHIEVEMENf AND PERFORMANCE (continued) A few years ago. significant itnprovements have been made to the women facilities. During the year, the charity carried out exlensive works on the property including replacement of window, repainting and installation of new air-eonditionin8 utiits. The Mayor of London. Sadiq Khan as well as Paul Scully, a forn]er politician who served as the Member of Parliament for Sutton and Cbeam up lo 2024, paid a visit to the Brick Lane Jamme Masjid which was a joyous occasion. The Ttustees are grateful for their visiL The Trustees would like to convey their sincere thanks to the volunteers. staff. mussallies, managemenL the local authorities and others who have so generously given their support io Jamme Masjtd. With their support, we look forward to continue enhancing the deliveries of our charitable objectives within the community. FINANCIAL REVtEW The main sources of income are from regular collections and donations received by the charity. The charity's income from regular collections and donations in 2024 was £218,786 (2023: £164,495) whilst income from trading activities and other income amount to £11,778 (2023.. 11.875). After resources expended of £203,742 (2023.. £133,249). Ihere was a surplus of 26,822 (2023: £43,121). During the year. the cbarity has incurred expenditure on the general maintenance of the listed building in which prayers are conducted. Ai the year end. total funds amount to £4.019.157 (2023: £3,992.335) out of which £3m (2023: £3m) relates to pernwient endowment fund and £3,116 (2023: £3.116) relates to restricted income fund. RESERVES POLICY The Trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to meet the fed running costs and general repairs to the property. The level of reserves held is estimated at £30,000. PLANS FOR THE FUTURE The Masjid requires a great deal of modernisation and structurdl reinforcement as the building is very old. As the building is grade tt listed structyre. any structwal work requires adherence to the English National Heritage's Tegulalions. In 2025, the Trustee5 will continue to cany out general maintenance on the property in line with guidance for a listed property. INVESTMENT POLICY The charity has no investments apart frorn cash deposits retaitied with major UK retail banks.
THE BRICK LANE JAMME .MASJID TRUST (LONDON) LIMITED TRUSTEES, REPORT FOR THE YEAR E.NDED 31 DECEMBER 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMEwrs The Truslees who are also the directors of the charitable company are responsible for preparing the Trusfres. Report and the flnancial statements in accordance with applicable law and United Kmgdom Accounting Standards (Uni*d KirLgdom Generally Accepted Accounting Practice). Company law requires the TnteeS to prepare fmancial statements for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources. including the income and expenditure. of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suilable accounting policies and then apply them con5iStently' observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the accounts. and prepare the financial statements on the going concern basis unless it is inappropriate lo presutne that Ihe charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking re&sonable steps for the prevention and detection of fraud and other irregularities. This report bas been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Approved by the Trustees on 8 August 2025 and signed on their behalf by: Haylal Uddin Ali General Seeretary
</UHY UHY Hackeryoung LLP charter Accountants Quadrant House 4 Thomas More Square London Elw IYW INDEPENDENT EXAMThIRS' REPORT TO THE TRLSTEES OF THE BRICK LANE JAMME MASJID TRUST (LOT)0) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024 I report to the charity trustees oll my examination of the accounts of the company foi the year ended 31 December 2024, which are set out on pages 7 to 16. Respon5ibilitie5 and ba515 of report As the charity's trustees (and also its directors for the purposes of cotnpany law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companie5 Act 2006 ('the 2(M)6 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I reFK)rt in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's report I have completed my examination. I confwm that no matters have come to my attention in connection with tbe examination giving me cause to believe" accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those accounting records. or the accounts do nol comply with the accounting requirements of section 396 of the 2(X)6 Act other than any requirement that the accounts give a 'true and fair, view which is not a n]atter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Rachel Chim FCCA UHY Hacker Young Quadrant House 4 Thomas More Square London Elw IYW Date: 12 August 2025
THE BRJCK LANE JAM.ME MASJID TRUST (LONDON) LIMITED STATEMENT OF FINLNCIAL ACTIVITIES FOR THE YEAR EIYDED 31 DECEMBER 2024 Permanent endowment funds Total Total restricted unrestricted funds funds Total funds 2024 Total funds 2023 Income and endowments from: Note Donations Other trading activities 218,786 11,778 218,786 11.778 164,495 11.875 Total 230.564 230.564 176.370 enditure on: Charitable activities Others 194.938 8.$04 194,938 8.804 124,287 8.962 Total 203.742 203,742 133,249 Net movement in funds 26.822 26,822 43,121 Reconciliation of funds Total fijnds brought forward 3.IK)O.(K)O 3.116 989,219 3,992,335 3.949,214 Total funds carried fonvydrd 3,000,(XXJ 3,116 1.016.041 4.019.157 3.992.335 There are no recognised gains or losses other than those included in the Statement of Fitwicial Activities. All incon]ing resources and resources expended derive from continuing acts"vities.
THE BRJCK LANE JAMVAE mAlD TRUST (LO.NDON) LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 3,847,049 3,842.120 Current assets D¢btors Cash at bank and in hand 17,492 407,894 13,515 383,764 425,386 397,279 Creditors: amounts falling due within one year (253,278) (247,064) Net current assets 172,108 150.215 Total assets less current liabilities 4,019,157 3.992.335 Net assets 4,019,157 3,992,335 The funds of the charity: Unrestricted income fund Unrestricted funds Restricted income fijnds Permanent endowment funds Endowm¢nt funds 1,016,041 3.116 989.219 3.116 3,000,000 3,000,000 Tot21 charity fund$ 4,019.157 3,992,335 For the financial year ended 31 December 2024. the company was entitled to exemption from audit under section 477 of the Companies Acl 2006. No membeT of the Company has deposited a notice. pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibiltties for ensuring that the company keeps accounting records which comply with section 396 of the Act and for preparing financial statetnents which give a true and fair view of the state of affairs of the company as at the end of the Iinancial year and of its incoming resources and application of resowces, includmg the income and expenditure, for the fmancial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2(Ki6, relating to accounts, so far as applicable to the company. The financial stslements have been prepared in accordance with the provisions applicable to companies subjecl to tlje small companies, regime within Part 15 of the Companies Act 21X)6. Approved by the Board and authorised for issue on 8 August 2025 Haylal Uddin Ali Secretary Company Registration Iyo. 05254675 Hamidur RahM Choudhury President
THE BRICK LAIYE JAMME MASJID TRUST (LO.NDON) LIMITED NOTES TO THE FINLNCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies l. l B1$ ofpreparalion The financial statements hav¢ been prepared in accordance with Accounting and ReportÉng by C.hAritie.s'. qtAtement nf Recnmme.ndp.d PrAe.ttr.e. applic.Able. to c.haritie.s pre.paring their acroiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019) - (Charites SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The Trust constitut¢s a public benefit cntity as defined by FRS 102. The charity has taken advantage of the provisions in the not to prepare a Statement of Cash Flows. Th¢ financial statements are prared in stcrling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements bave been prepared on the historical cost convention and the principal accounting policies adopted are set out below. 1.2 Jncoming TOUrceS All incoming resources are recogni5ed whcn the charity has entitlement to the funds. certainty of the receipt and the amount can bc measured with suffiLient reliability. Donations and collections Donations and collections are recognised on a receivable b&sis whcrc there is certainty of receipt and the amount can be r¢liably m¢&sured. Membershi ees Membership fees are recognised when they are due from the members. laidre Refund is recognised when there is certainty of receipt and the amount can be reliably me&sur¢d. Other Iradin aclivilies Other trading activities comprises of income receivable from the hall hire. 1.3 Volunteers 'I"he value ot"servic&s provided by volunteers is not incorpordted t0 th¢se tinancial statements. 1.4 Resources expended and basis ofallocalion ofcosts Liabilities are recognised on the accnlS basis in accordance with norn]al accounting principles, modified where necessary.
THE BRICK LANE JAMME MASJID TRUST (LONDON) LIMITED NOTES TO THE FINLNCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting policies (continued) Charilable activilias These are the costs incurred in the operation of the charity. Other cosfs Other costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. including the statutory independent examination and legal fees. These costs prinwily include costs associated with managing the Masjid. Irre verable VA T All resources expended are classifJ¢d under activity headings that aggregatc all costs related to the category. Irrecoverable VAT is charged against category of resources expended for which it was incurred. 1. 5 Tangiblefved aFsets Land and buildings arc included in the accounLS ai cosi or ai Trusiees. valuaiion where (he cosi is not readily available. The property is carried at Truslecs valuation, subject to impainnent reviews as residual values will bc maintsined through continual improvements. Repairs and maintenance costs are written off entirely in the year of expenditure. Other tangible fed assets are stated at cost depreciatio Depreciation is provided at rates calculated to write off the cost less cstimatcd residual valuc of each asset over its expected useful life, as follows: Fixtures, fittings and equipment IT equipment 250/0 Reducing balance 25°/0 Reducing balance No depreciation is charged on fre¢hold land and buildings as tte¢S are of the opinion that the property has been well malntained and the value of the property has increased. 1. 6 Endowmenifvnd The Endowment fund represents those asscts which must be held permanently by the charity. principally the Masjid. Any gains or losses arising on the revaluation of the property forni part of the fund. 1. 7 Fundslructure Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and whicb have not been debigllated for other PUTP05es. Restricted funds are funds wbicb are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular PUTPOSCS. The costs of raising and administering such funds are charged against the specific fund. The restricted fund8 are not considered to be material and therefore the aims and use are not disclosed separdtely. 1.8 Taxation As a charity. it is exempt from UK corporation tax to the extent that its income is applied to its charitable objects. No liability arose in the year. 10
THE BRICK LANE JAMME MASJID TRUST (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ELNDED 31 DECEMBER 2024 1.9 Legal slatus of the charity The charity is a company limited by guarantee and has no share capital. The liability of each memb¢r in the event of winding up Rs limited to £1. I. JO Going concern The accounts have been prepared under the going concern basis the tteeS are of the opinion that the Lharily's forthcoming events. will gcncralc levels of funds" which are comparable to that achieved in the year under review. The funds so generated, which will more thall cover mini1 operational costs, will enable the charity to meet its obligations as they fall due. l. I l Financial instruments The company has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its f)Cial instruments. Financial instruments are recognised ID the company's statement of financial position when the company becomes party to the contractual provisions of the instnllnent. Financial assets and liabiliues are offseE with th¢ net amounLS presenied in the financial statements, when there is a Icgally enforceable right to set off the recogmsed amounts and there is an intention to settle on a net basis or to realise the &sset and settle the liability simultaneously. Basic financial assets B&sic financial assets, which include debtors and cash and bank balances. are initially mcasured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrdngement constitutes a financing transactio wbere the transaction is measured at Xthe present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impairnicnt of flnancial asscts Financial assets. other than those beld at fair value through profit and loss, are assessed for indicators of impairnient at each reporting end date. Financial assets are impaired where there is objective evidence thal as a result of one or more events that occurred after the initial recognition of the fancial asset. the tImad future c&sh flows have been affected. If an asset is impaired, the impairnient loss is the difference between the canying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairnient loss is recognised in profit or loss. If there is a decrease in the impairnient loss arising from an event occurring after the impainncnt was recognised, the impairnient is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impainnent reversal is recognised in profit or loss. DerecognitlOD of financial assets Financial assets are d¢r¢cognised only when thc contractual rights to the casb flows from the asset expire or are s¢ttl¢d, or when the company transfers thc financial asset and substantially all the risks and rewards of ownership to another entity. or if some significant risks and rewards of ownership are retained but control of the asset bas transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
THE BRICK LANE JAMME MASJU) TRUST (LONDON) LIMITED NOTES TO THE FIVANCIAL STATEMENTS FOR THE YEAR E.SDED 31 DECEMBER 2024 A¢counling policies (continued) Classification of financiydl liabilities Financial liabllities and equity instruments are classified according to the substance of the contractual arrangements ¢nt¢r¢d into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debL are initially recognised at transaction price unless the arrangement constitutes a financing transaction, wher¢ th¢ debt instrument is me&sur¢d at the present value of tbe future receipts discounted at a market rdte of interest. Financial Ilabilities classifjed as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trad¢ creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are cl&ssifi¢d as cuent liabilities if payment is due within one year or less. If not, they arc presented as nOn-cU¢t liabilities. Trade creditors r¢cognis¢d initially at tra[actiOn price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabiliii¢s are derecognised when the company's contrdctual obligations expire or are discbarged or cancelleL 2. Donations Unrestricted Restricted Funds Funds Total Funds Total Funds 2024 2023 Donations and collection Membership fees Gift Atd refimd 196.464 3.750 18,572 196,464 3.750 18,572 161,845 2,650 218,786 218,786 164,495 3. Other trading activities 2024 2023 Hall hir¢ income 11,778 11.875 12
THE BRICK LAINE JAMME MASJID TRUST (LONDON) LIMITED NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 4. Expenditure on charitable activities Unrestricted Restricted Funds Funds Total FuDds Total Funds 2024 2023 Direct costs Staff costs (including NIC) Advcrtlsing and piomotio Establishment costs Repairs and maintenance Other office costs Finance Costs Depreciation 56,083 4,820 80,210 46.201 571 4,000 3,053 56,083 4,820 80,210 46,201 571 48.030 6,150 56,814 6,172 1,589 2,718 2.814 3.053 Total costs 194.938 194.938 124.287 5. Other costs 2024 2023 Legal and professional Independent examination & accountancy fces 1,183 7,621 1,147 7,815 8,804 8,962 Tangible red assets Freehold land and buildings Fixtures rittings & equipment Total Cost At l January 2024 Additions 3.833.680 67.783 7,982 3.901.463 7,982 At 31 December 2024 3,833,680 75,765 3,909,445 Depreciation At l January 2024 Charge for the year 59,343 3.053 59,343 3.053 At 31 December 2024 62.396 62,396 Net Book Value At 31 December 2024 3,833.680 13.369 3,847,049 At 31 December 2023 3,833.680 8,440 3,842.120 13
THE BRICK LANE JAMME MASJID TRUST (LOIYDO,N) LIMITED IYOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIYDED 31 DECELIIBER 2024 7. Debtor5 2024 2023 Prepayments Membership fees 13,742 3,750 10,865 2,650 17,492 13,515 8. Creditors: amounts falling due within one year 2024 2023 Sundry loans Trade and other creditors Accruals 233.820 13,438 6,020 238.820 2,889 5,355 253,278 247,064 Sundry loans are interest-free loans nmde to the M&sjid. Statement of funds At31 Resources December Expended 2024 January Incoming 2024 Resources Unrestricted revenue funds General funds 989,219 230,564 203.742 1.016.041 R¢strict¢d revenue fun(Ls 3,116 3,116 Permanent endowment funds Endowment funds 3.000.000 3,000,000 3,992,335 230,564 203,742 4,019,157 14
THE BRJCK LANE JAM.VIE MASJID TRUST (LONDON) LIMITED NOTES TO THE FINAINCIAL STATEMENTS (CONTINUED) FOK THE YEAR EIIDED 31 DECEMBER 2024 10. Analysis of net assets by funds Permanent endowment Restricted Unrestricted funds funds funds Total funds 2024 Total funds 2023 Fixed assets Current assets Creditors due within l year 3,(,(K)0 847.049 422,270 (253,278) 3,847,049 3,842,120 425,386 397,279 (253.278) (247,064) 3,116 3,000,(X)o 3,116 1,016,041 4,019,157 3,992.335 I l. Staff costs 2024 2023 Wages and salaries 56.083 48,030 No employee earned more than £60,(X)O during the period. The avcrage weekly number of cmployees during the period, as calculated on a full time equivalent basis, was as follows: Number of employees 2024 Number of employees 2023 Administrdtion 12. Transactions with trustees No trustee or any person connected with a trustee has received or is due to receive any remuneration or exn5¢S for the year directly or indirectly from the charity's funds. 13. Capital Commitments There were no capital committnents a5 at 31 Dember 2024. 15
THE BRICK LANE JAMME VJASJID TRUST (LONDON) LIMITED NOTES TO THE FIIYAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECE,MBER 2024 14. Comparative Statement of Financial Activitie5 Permanent endowment fund5 Total Total restricted unrestrieted funds funds Total funds Income and endowments from: Donations Other trading activilies 164,495 11.875 164,495 11.875 Total 176.370 176.370 Expenditure on: Charitable activities Others 124,287 8.962 124,287 8.962 Total 133.249 133,249 Net movement in funds 43,121 43.121 ReconciIiation of funds Total fimds brought fonvard 3,0(K),(M)O 3,116 946.098 3.949.214 Total funds earried forward 3.000.IX)O 3.116 989,219 3,992,335 16