Charity Registratlon No. 1112147 INDIAN MUSUM TRUST TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 INDIAN MUSLIM TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr GulamhusainAchha Mr Shula Shaikh Mr Ibrahim Kanamia MrAbdul Malek Mr Akhtar mI￿a Charity number 1112147 Princlpal address 39 Trinity Close Wdltham Forest London E114RP Independent examiner KPSR LLP 58 High Street Pinner Middlesex HA5 5PZ Bankers Nthest PLC INDIAN MUSLIM TRUST CONTENTS Page Trustees report Independent examinerfs report ststement of financial activities Balance sheet Notes to the accounts INDIAN MUSLIM TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trust8es present their report and accounts for the year ended 31 March 2024. The accoLJnts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply wrth the Tnjst's tgoverning docurnent]. the Charities Act 2011 and the Statement of Recommended Practi￿, "Accounting and Reporting by Charities" issued in March 2005. structure, governance and management The Trust was established by a tharitable trust deed on 18 November 2005. The trustees who served during the year were.. Mr Gulamhusain Achha Mr Shuja Shaikh Mr Ibrahim Kanamia Mr Abdul Malek MrAkhtar Mirza Mr Ismail Shaikh (Deceased 25 May 2024) The charity is managed and administered by the trustees. of which there shall be no more than 7. The trustees are required to meet as necessary tmjt at least for times a year. The trustees has assessed the major risks to which the Trust is exposed. and are satisfied that syslems are in pla￿ to mitigate exposure to the major risks. Objectives and adlvlties The Twsl's objectives are to advance the Islamic faith within the Greater London by means of exclusive charitable means from time to time. The policies adopted in furtherance of these objectives ar8 the relief of poverty.. hardship and distress among members of Indian Muslim Communities by provision of financial or material SUPF)Ort detemiined by trustees and there has been no change in these during the year. Developments Efforts are contsnuing to promote racial hamony within the community, by the conduct of lectures, me8tings. seminars and similar functions to encourage understanding be￿￿en members of differ8nt faiths and races. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. The charity has made its hall available for the community acting as an important hub to the community. Achievements and perfonnance The charity has continued with its efforts to serve the communty in the besl way possible Financial revlew The trustees are satisfied wsth the financial performance of the charity and the financial position at the year end. INDIAN MUSLIM TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 On behalf of the board of trustees Dated: 16 January 2025 fyIR 176QVts INDIAN MUSLIM TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INDIAN MUSLIM TRUST I report on the accounts of the Trust for the year ended 31 March 2024, which are set out on pages 4 to 7. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charty's trustees consider thal an audit is not required for this year under section 144(2) of the Charities Aci 2011 (the 2011 Acil and that an independent examination is needed. It is my responsibilty to= examine the accounts under section 145 of the 2011 Act", {ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Acl-, and (iii) to state whether particular matters have come to our attention. Basis of Independent examlnefs report Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the a¢¢ounting records kept by the charty 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 present a 'true and fair vieMI and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with our examination, no matter has come to our attention: (a) which gives me reasonable cause to believe Ihat in any material respect the requirements.. (i) to keep accounting records in accordan￿ with section 130 of Ihe 2011 Act; and (li) to pr8pare accounts which accord with the aGcounting records and comply wtih the accounting requirements of the 2011 Act; have not been met. or {b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. KPSR LL 58 High Street Pinner Middlesex HA5 5PZ Dated.. INDIAN MUSLIM TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes I comin resour Investment income fro enerated funds 45,394 31,6TI Resourc Direct expenses Governance costs 18,853 1,366 20,468 1,582 Total resources expended 20,219 22,050 Net income for the yearl Net movement in funds 25,175 9.627 Fund balances at 1 April 2023 1,544,412 1,534.785 Fund balances at 31 March 2024 1,569.587 1.544,412 INDIAN MUSLIM TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 1.547,646 1,520,462 Current assets Cash at bank and in hand Creditors". amounts falllng due within one year 29,901 28.914 (7.960) {4,964) Net current assets 21,941 23,950 Total assets less current liabilities 1.569,587 1,544,412 Income funds Unrestricted funds Unrestricted income funds Revaluation reserve 69,587 1,500,000 44,412 1,500,000 1,569,587 1,544,412 1.569.587 1,544,412 The accounts were approved by the Trustees on 16 January 2025 INDIAN MUSLIM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basls of preparation The accounts have been prepared under the historical oist convents'on modified to include the revaluation of rtain fixed assets. The accounts have been prepared in accordance with applicable accounting standards. the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005 and the Charities Act 2011. 1.2 Tanglble fixed assets and depreciation Tangible fixed assets other than freehold land are stated at cost or valuation less depreaation. Depreciation is provided at rates calculated to write off the cost or valuation less ests'mated residual value of each asset over its expected useful life, as follows: Fixtures, fittings & equipment 1 Oyo Reducing Balan Investment Income 2024 2023 Rentsl income 45,394 31,677 Total resources expended Depreclation Other costs Total 2024 Total 2023 Charitable activities Direct Activities undertaken direcdy 18,853 18.853 20.468 Governance costs 316 1,050 1,366 1,582 316 19,903 20,219 22,050 Trustees None of the trustees (or any persons connected with them) rettived any remuneration during the year. Employees There were no employees during the year. INDIAN MUSLIM TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fIxed assets Land and buildlngs Fixtures, rittlngs & equiptnent Total Cost or valuatlon At 1 Aprtl 2023 Additions 1,517,301 27,500 4,365 1,521,666 27,500 At 31 March 2024 1.544,801 4.365 1,549.166 Depreciation Al 1 April 2023 Charge forthe year 1,204 316 1,204 316 At 31 March 2024 1.520 1,520 Net book value At 31 March 2024 1,544.801 2,845 1,547,646 At 31 March 2023 1.517.301 3,161 1.520,462 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals Deferred income 2,500 1,260 4,200 2,500 1,470 994 7,960 4,964