Charity registratbon number 111 $472 {England and Wales> NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID LEGAL AND ADMINISTRATIVE INFORMATION Trustees AB Mohammed S Islam D Bouchelouthe MS Mahrf Hadi IA Hussain Charity number IEngland and Wales) 1115472 Prfn¢lpal addr•88 The While House Gratnger Park Road Newcastle upon Tyne Tyne and Wear England NE4 8RG Auditor Rob50n Laidlef A¢¢ounlant$ Limited Fernw¢X)d House Ferrmfood Road Jesmond Newcastle upon Tyne Tyne and ar EnglaTrJ NE2 1TJ Bankorn Bardays PLC 49151 Northumberland Street Newcastle upon Tyne NEI 7AF
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID CONTENTS Page Trustees, report Indepèndènt auditofs report Slatemenl ol financial activities Balance sheel Noles lo Ihe finanual statements 9-14
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID TRUSTEES. REPORT FOR THE PERIOD ENDED 31 JULY 2024 The Irustees present their amual report and financi81 statements lor the period ended 31 July 2024. The financial slalernents have been prepared in a¢cord3nce with Ihe accounling policies set out in note 1 to Ihe financial statements and comply with the chariws goveming document. the Charities Act 2011 and "Accounting and Reporting by Chaiilies.. Statement ol Recommended PraCte applicable to ¢harilies preparing their accounts in accordanr2 wilh the FanGl RepcrfirvJ Standard applicabk in the UK and RebI of Ireland IFRS 102} (effective 1 January 2019)" Objectives and aGlivilies The pnncipal activrties of the Charity are in OrdanCe with the stated oty'ethves of the Charity which are as follows. The advancement ol Islam through the Pfovision of daty prayers and related ser4ice3. ProvKJe Muslim funefal prayer 5efwce for the community. The educalion of Mushm children bolh in accordance %vith the teaCTrngS of Quran and Sunnah upon Ahlul Hadith methodology The provision ol seNices lo the community lo indlkle regulaf events for the elderly and the youth. Speual se1$ for ladies through the wowsK)n of dedicated classes on mattws of religion and secular to include parenting, lifestyle, domest. sorjal and medical tssues in accordan¢e with the teachings of Quran and Sunnah Upc Ahknl Hadith meihodology Special surgeries lo pro)nts access lo Ihe Commun for gaI, medical, local authonty and elecled representalives. Dedicated counselling as required by the commLJnily conceming marriage. divorce, and parenting. Taking the ad on interfailh acliwlies by promoling interfaith dialogue in ihe local Tyne & Wear area. Conducting a regular liaison with the local auihorilies for the provtsion of services lo the cornmunrty and Ihe mosque The slaging of regular lectures and Quranic recitaton performances in accordance with the teachings of Quran arKI Sunnah upon Ahlul Hadilh melhodoFogy by world renowned Islamic Scholars Provide high quality Islam educatt'on for all sections of the communily Raise funds for Ihe new mosque construction project and othef charitable programmes Keep the new mosque Construction project progressing to nexl phase Provide matrimonial service Organise fun days for the chren Hold youlh acuvities Local initiatiVQ8 The mosque eonlinues to arrange mutti-faith open days which are atterKled by the (xoss section of the community as well as represenlalives from several local authonly and statutory agencies. Led by the Imam. members of the commrttee and volunteers organise and several religiou5 Seminars and community related events lo engage inter faith dialoguè and interfailh dbalogue. During the month of Ramadan and the two Eids ngregational prayers are conducted by the mosque. The two Eid prayers will be attended by a wacily crowd of over fve thousand worshippers fof each Eid. For Iraffic management we liaise with police. traffic management companies and yonteerS lo minimise disturbance to the residents and traffic during the extended congregational prayefs. We also have a &ster group lo ofganise charitable work and adivilies lor Ihe12dies and children. Their invofvement has raised their sell-confidence and redu¢ed Ih&f 11kekhoc of bng scKJaly ISOted. We also invite members b0n1Vj to different faith5 and communilies to educatè and recetve orientation about Islam through our mosque's open days. lor wider social integration and bui*J fftutual twst and understandfft19 between communities and its leadership. INe also invite Ial prmary school students and tethTs lo visit the m5que as part of their religious studies and yivè them an onenlation inlo Islam. This mosque also lakes part in vanou5 fund-raising Kti¥rties akng with other eharitable organisations for major disasters and pandern.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 Volunteers The Trustees wish to record their appreciation on behalf of the Mosque and the community, that the volunteers help and assist in Ihe smooth running of this Charity and afe ¢rblul in helping to keep the running costs down. No volunteers weie remuneraled In the year. Public benefit The Iruslees have followed the Charities Cornmission g1Ce on public benefit. are proud ol their initiatives which have delivered to the benefit of the local 2nd widef community and have fulfilled the tharitable aims and obieclives ol Ihts mosquè. A¢hlevomonts and performance The Charity has continued wrth the actiNrties as in the pre¥ious years. namely the advancement of Islam and related services to the ¢(xnmunity in Ihe area, The Phase 4 building conslruthon completed the whole slructufe. The internal wcyks such as eleGtrical. plumbing. healing. plastering. tiling_ toilets. and washing areas have teen paFlly completed. The landscaping and carpark have been completed. The new mosque is operational. Ramadan afKJ Eid prayers were conducted in Ihe New Mosque Building and rt is fUnCtnal lor daily prayers. Still some internal work is going on in the olher part of the building. Rlsk Revlew The Trustees have conducted their rxn review of the major risks to which the mosque is exposed and steps have been initiated to minimise Ihe identified risks_ All functions of the m05que are subjecled to pefiodic feview. resulting in a process of ongoing Improvement. All staffs are trained and have all the required slatutory and regulatory clearances required, In addrtion, all speaker$ are alh)wed a platform at Ihe mosque have due th'ligence Condted and rnalerial vetted prior to a(Idressing the allendees al the mosque. Risk policy The Iruslees has assessed Ihe fflajor nsks to vthich the charity is exposed, and are Sa'sfied that Systems are in place lo mrtigate exposure to the major risks. Plans for future periods Future plans Over the Goming financial year. the Irustees are plannETrJ fiJrtheT work in relation ¢on$truclion of Mosquè. Structure, governanGe and management Governing document The charity is controlled by its governing d(urnent. a deed of trust and constittsles an un¥Korporated charity. The trustees vtho served during the period up to the date of signalure of the finan(aal statements were.. AB fvlohammed S Islam D Bouchelouche MS Mahroof AA Hadi M Hussain Recruitment and appointment of new trustees The existin9 Iruslees are responsible lof the recruiting of new trustee5 bul in doing so Ihe Iruslees seek the views and recommendations of olhef5.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JUL Y 2024 ststement of trustees. responsibilities The trustees are responsible for preparing the Tru$le6s' Report and the ffinancial statement5 in a¢¢ordance with applicable law Uniled Kingdom Accounts'ng Slarrtlards (Unrted Kingdorn Generally Accepied Accounting Practsce). The law apphcable to diarrties in ENJland and Wales requires the trustees to prepwe financial statement5 lor each financial period which give a irue and fair view of the stale of affairs of the charity and of trie inc4)ming resources and appkncation of resources of Ihe drItY for that per)d. In prepariNJ these financial statements. the trustees are required to.. select suitable accountng poliaes and then apply them con&stenlty, - obsep4e Ihe melh¢xls and principles in Ihe Chafities SORP." make judgements and eslimales that are reasonable and Prjen1. state whethei apphcable accountsng standards have been followed. SLJect to any material departu$ disdosed and explained in Ihe financtal stalemenls.. and prepare the finanual slatemenls on the goiro concern basi& uthss it is inappropriale lo presume Ihal the charity wlll ¢onlinue in operation. The Injslees are responsible for keeping Sufficient accounting records thal th"sclose with reasonable accuracy at any lime the financial positron of the chanty and enable them to ensure that the finarKia slalemenls comply with the Charities Ad 2011, Ihe Chanty (Account5 and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the a$5ets of Ihe chanly aTrJ hence for tskn'ng reasonable sleps for the prevention and deteCtn of Ifaud and olhef 1rre9u1arrts. The Iruslees, report was ap ved by the Board of Trvslees. MS Mahroof Trustsa 18 June 2025
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID Opinion We have audited the financial slatements of Newcastle Central Mosque Masjid Al-Tawhid (the 'chafity ) for the period ended 31 July 2024 wh"Fch compnse the slalemenl of financial activits'es. the balance sheel and notes to the rinancial statements. Including significant accA)unting polioes. The finanryal reporting framework Ihal has been applied in their preparation Is applicable law and Unrted Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financjal Repothng Standard applKable in lh& UK and Republr¢ of Ireland (Unrted Kingdom Generally Accepted AccoUntg Pract). In our opinion, the financial statements-. give a true and fair view of the slate of the charity's affairs as at 31 July 2024 and of ils incoming resour$ and application of fesources. for the penod then ended.. have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the Chafities Ad 2011. Basls for oplnlon We conducted our audit in acxordance wrth Intemalional Standards on Auditing {UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audito¢s rgspoiisibililies for tho a¢idil of the fii?ancial slatemenls seclÈon of our report. We are independent ol the tharty in accordance with the ethical requiTemenls Ihal are relevant to our audi¢ of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled Our other ethical responsibilities in accANdance with these requirernenls. We believe Ihat Ihe audit evidence we have obtall1 15 suffiwnl appropriate to prowde a basis for our opinion. Conclusions relating to going eoneorn In auditing the finanrial stalements. we have concluded that the Iruslees. use of ihe going concem basis of accounting in the preparation of the financial slatements is appropriate. Based on the work we have perfom)ed, we have not identified any mater1 uncertainties relaling to events or condilions that. individualty or coleclively. may cast snifiCant doubt on the charty's ability to continue as a going concern for a period of al least Nyefve months from when the fiTrancl slalemenls are authorised for issue_ Our responsibilities and Ihe responsibilrties ol Ihe Iwstees with r8sped to going concem a described in the relevant sections of this report. Other inforn)ation The other Infomialion comprises the informati¢)n induded in the annual report othef Ihan Ihe financial 5tatemenls and our audilor's report Ihereon. The Iruslees are responsible for the other information contained within the annual report_ Our opinion on the financial slatemenls doe5 not cover the other informaln and we do not express any fon of assurance conclusion Ihereon. Our respon5ibilily is lo read the other informatn and. in doing 50. consider whether the other information is maleria#y inconsistent with the financial statements or our knowledge obtained in the Gourse of Ihe audit. or otheise appear5 to be materially misslaled.11 we identify such maleiial inconsistencies or apparent material misslalemenls. we afe required lo determine whether Ihi5 gives rise to a material misstalemenl in the financial slalements themselves. If, based on the work we have performed, we condude that theie is a malerial mi5slatement of this other information, we required lo report Ihai fact. We have nothing io report in this regard. Matter8 on which •rn required to rgport by exceptlon We have nothing lo report in respetl ol the following matters relation to which the Charities (Accounts and Reports) Regulations 2(Y)8 requires us to report to you If. our opinn Ihe information given in the financ1 slalemenls 1$ inconsislenl *i any material respect wilh the Iru5tees' report, or sufficient accounting records have not been kepl.. or Ihe financial statements are not In agreement wilh the accounting records.. or we have nol received all Ihe information and explanats.ons we requiie for our audiL
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE TRUSTEES OF NEWCASTLE CENTRAL MOSQUE MASJID AL.TAWHIO Responsibilities of tru¥t•os As explained More fully in the slatement of trustees, responsibililies, Itee3 are responsiblè lor the preparation of the fin8ncial stalements and for being satisfied that ihey give a Iwe and fair wew. and for such internal wntrol as the trustees delermine is necessary lo enable the preparatK)n of fmanaal statements that are free from malenal misslaiemenl, whether due to fraud or or. In prepanng the finanoal 51alemenls. the trustees are responsible for assessing the charity's abilrty lo continue as a going concern. disclosing, as applicable, matler5 related lo going GonGern and using the goin9 ccern basis of accounting unless the trustees eiiher intend lo cease operations. or have no realistic allernab.ve bul to do so. Auditor'6 re$pon$ibililie$ for the audlt ol the financlal statemenls We have been appointed as auditor undef sectK)n 144 of Ihe chan13 Ad 2011 and re1 tn acrdanCe with the Act and relevant regulations made or haNryng effect thereunder. Our objetlives are to obtain reasonable assurance att whelher ihe fnancial slatements as a vthole are tree Irom m21enal misstatement. whether due lo fraud or eiror. and lo issue an audrtorfs reFX>rt th81 includes oui opinion. Reasonable assurance is a high level of assurance bul is not a guarantee Ihal an audit conducted in accordance with ISAS (UK) will always deted a matenal misstatement when il exisis. Misstalemenls Gan arise frorn fraud or error and are considered rnalerial if. individually or in the aggregate. they could reasonabty be expected 10 influence the economic deusions of users taken on the basis of these financ4al Slalemenls. The extent lo whith our pr(xethJres are capable of deteding irregularth'es, induding fraLxI, is detailed below. The tisk of matenal misstatemenl due to error fraud has been assessed wi CniUnCl10n with how Inlernal controls fflay mitigate any such risk_ These controls are reviewed as part of the audit by perf(%ming systems walkthroughs to ensure they are operating effectively. Other 5ubslanlive tesling is also performed on all materyal balances and therefore any inslances of non-compliance sho1 be identified or considered as insignificant_ In Klentifying and asses'ng risks ol matenal misststemenl n respect of irr¢wAarities, including fraud, the audit engagement learn: oblained an understanding of Ihe nature of the industry and seclor. induding the legal and regulalory Iramework. in wch the charity operales and how the tharsty complies wilh that legal and regulatory framework inquired wrth managemenl and those charged with governance about their own idenlificalion and assessmenl of the risks of irregantIes. induding any know aclual, suspecled or alleged inslances ol fraud discussed with management and those charged with goVnanCe any non-compliance with laws and rpgulations and how Mtht occui wKluding assessments of how and where the financial slatemenls rnay be susceptt)le to fra1. The nsk of managemeni override of controls was also consbjered an area of potential misstalement due to fravd. Audit Procedures performed induded tesbng of manual journal entries and other adjustments and evaluating the business rationale in relation lo Significant. unusual tsansactsons and transactions entered Into oulside the normal Course of business. There are inherent limilalions in Ihe audit prccedures descrfoed above and the primary responsibilrty for the prevenlion and dèiéclion ol irregulanb'es including fralid rests with managemenL As wilh any audrt, there remained a risk of non-deleth.on of irregularilies, as these may involve CA)Ilusion, lorgery. inlenlional omissions. misrepresenlation$ or the override of internal ctrol&. A further description of our responsibilil*s is available on Ihe Finaniial Reporting Councth's website at.. hltps:11 W•VW.frc.org.uklaudilorsresponsitililies. Thts descrip1b forms part of ouf audilo¢s report.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEWCASTLE CENTRAL MOSQUE MASJID AL.TAWHID U80 of our report This report is made solety to the chanty's Irvstees. as a b)dy. in accordance with Part 4 01 the Charilies (Account$ and Reports) Regulations 2008. Our audil work has been undertaken 50 Ihal we mpjhl state to the charity's trustees those matlers we are requiied to stale to Ihem in an audrtor's report and for no other purpose, To the fullest extenl permitted by law, we do not aept or assvme responsibility to anyone other than the chanty and the chafily's Iruslees as a body, for our a1¢ Wofk. for thi5 report. or for Ihe 9pmnS we have tom)ed. Nicholas Cunningham Msc Bsc ACCA Isenior Statutory Auditor) For and on behalf of Robson Lamjlef Accountants Limiled. Statutory Audilc Fernw(iod House Femwood Road Jesmond Newcastle upon Tyne Tyne and Wear NE2 1TJ England 18 June 2025 Robson Laidler ACCA)tantS Limited Is ele for appoinlmenl as auditor of the charity by ifjrtue of tls eligibility for appointment a5 auditor of a company undef section 1212 of the Companies Act 2006.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 JULY 2024 Unrestricted funds 2024 Unrestricled fund8 2023 as restated Income and endowmgnts from: Donations and legacies Other income 436.576 500 673.018 687 Total income 437.076 673,705 Expendlture on: Raising funds Charitable acbvilies 39.761 278.414 275,015 Total expenditure 275,015 318.175 Net incom• and movement In ftlnds 162.(X1 355,530 Re¢on¢lllatlon of funds.. Fund balances 312 July 2023 4,871.719 4,516,189 Fund balances at 31 July 2024 5.033.780 4.871.719 Th8 Statement of financial aetivities indudes all 9ains and losses recognised in Ihe period. AU inGome and expen(filure derive from continuing adrrfi1s.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID BALANCE SHEET ASAT31 JULY2024 2024 2023 as restated Notes Fixed a$se13 Tangible assets 10 5.331,183 5,276,818 Current a¥¥ot* Cash al bank and in hand 214.368 268.271 Creditor¥' amounts falllng due within one yèar 11 (511,771) 1673.370) Nol Gurront Ilabllltles (297.403) (40S.0991 Tolal assets less current Ilabilities 5,033.780 4.871.719 The lunds of the charlty Unresllicted funds 13 5.033.780 4,871,719 5,033.780 4.871,719 The finaneJal stslements were approved by the trustees 18 June 2025 MS Mahioof Trustee
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024 Accounting policies Charlty Inlofmatlon Newcastle Central Mosquè Masjkl Al-Tawhid is an unin¢orpofaled body (charity number .'1115472). 1.1 Accounting convenlk> The finanaal SLatements have been prepafed in accordance with Ihe tharity's governin9 document, the Charities AGt 2011 and "Accounting and Reporting by Charities Statement of Recommeiided Practice applicable lo charities preparing Iheir accounts in ac£ordance with the Finanual Reporting Standard applicable in Ihe UK a1 Republic of Ireland IFRS 102) (effectsve 1 January 2019)-. The chaiity is a Public Benefrt Entrty as defined by FRS 102. The charity has tsken advantage of the pro%rysiMs in Ihe SORP for charitses applying FRS 102 Update Bulletin 1 Th)t to prepare a Statement of Cash Flows. The financial slalemenls are prepared in sterfin9. wh.ch is the functional currency of charily, Monetary amounts in these financial statements are rounded lo the nearest £. The financial slalemenls have been prepwed wder the historical ¢051 ¢onvenlion. The principal accounting polieS adopted are set out below. 1.2 Golng Concern Al the time of approbtyng the finanoal stalemenls, the trustees have a reasonable expectation that Ihe charity has adequate resources lo eonlinuè operatnal existence lof Ihe foreseeable future. Thus Ihe Irusle¢s Continue to adopt the going rCeM basis of accountin9 in prepanng the Iinancial statements. 1.3 CharFtablo fund$ Unfestricled funds are available for use al Ihe discxelK)n of the Ifustees in furtheran of their charitable objectives. Reslrided funds are subject lo specific ¢t)ndilK)ns by donors or grantors as lo how they may be used. The Pufposes and uses of the reslncted funds are sel ¢)ul in the notes lo Ihe finanoal slatemenls. 1.4 Income Income is recognised wheri the charity is legally entitled lo it after any perfoTmanGe condilions have been met, the amounls can be ffleasured reliably. and it is probable Ihal Income WEU be re¢eived. Cash donations are recognised on recetpt. Other (hjnalions are recognised once the tharily has been notified of the donation. unless performance conditions reqimre defefral ol the amount. Income tax fecoverable in relation lo donations received undef Gift or deeds ol covenant 15 re¢o9nised al Ihe time of the donation, 1.5 Expenditure Liabilities are recognised as expenditure as scrf)n as there is a legal or conslructive obfigalion committing Ihe charity lo Ihal expendilure, il is probable that a transfer of eCorn benefits will be required in settlement and the amount of the obligation can be measured reliabfy. Expenditurè is accounied for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. knere co515 cannot be directly allribuled lo partr headws they have been allted to adivilies on a basis consistent with Ihe use of resources.
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 Accounting policies {Contlnued? 1.6 Tangible fixed assets Tangible fixed assels are irtilially measured ai cosl subsequendy measured al cost or valuation, nel of depreciation and any impaimienl losses. DepreGialion is recognised 50 as lo write off the ¥t or valuation of assets les5 their residual values over thr useftsl lives on Ihe following bases.. Plant and equipment 25°A reducing balance 1.7 ImpairTnonl of fixed a¥3ets Al each reporting end dale. Ihe charity reviews the Carrng amounts of its tangible assets lo detemiine whether IheFe is any indlcalion that those assets have suffered an impairmenl loss. If any such indication exists. Ihe recoverable amwnl of the asset is eslimaled in order lo determine the extenl of Ihe impairmenl loss (rf any>. 1.8 Ca$h and ca¥h gquivalenl$ Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-lerm liquid investmenls with original maturItS of three months of less, arml bank overdrafts. Bank overdrafts are shown within borrowing5 in currenl liabililies. 1.9 Taxalion The charity is exempl Ircxn tax on its charitable thities. Donations and legaci Unr•8trictod Unreslrided funds funds 2024 2023 Donations and gifts 436,576 673.018 Expendlturè on rnlslng funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Fundraising agents 39,761 10-
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY2024 ExndItre on charitable activities Charilable activities 2024 Charitable activities 2023 Dlrect costs staff and leachefs Costs DepreatIOn and imparment Renl, rates & waler Insurance Lighi and heat Telephone Advertising 8 subscriptDns Cleaning & sundries Repairs & fenewals Prayer & Ramadan expenses Covid food charity expenses Children's programme expenses 118.752 2,463 719 40.687 13.260 2,002 1.982 1,602 15.337 32,4 145.938 2,262 1.312 43.001 14.369 2,223 2,301 11,478 22.603 12.550 8.221 242,258 261,338 Share of support and governance costs (800 not• 5) Support 2.653 30.104 3.951 13,125 275.015 278.414 Analysis by fund UnreslriGted funts 275,015 278.414 Support costs •llocatgd to a¢tivi1108 2024 2023 Bank charges Governan costs 2.653 30,104 3,951 13,125 32,757 17,076 Anatysed behveen: Charitable aCV5 32,757 17,076 Net movement funds 2024 2023 The nel movement in funds is stated after (*lng1((VedItin9)'. Fees payable for the audit of the charills finart ststemenls Depreciation of owned tangible ffixed assets 6,636 2.262 2.463 11
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 Trusteès None ol the Iruslees (or any persons connected with them) received any femuneralion or benefits ffom the charity during the period. Employees The average monthty number of employees duriryj the period was: 2024 Numbér 2023 Nurnr Teachers Adtv)inislration 21 14 Total 24 18 Employment costs 2024 2023 Wages and salaries 118.752 145.938 There were no employees whose annual remeratIOn bvas More than £60.000. Remuneratlon of key management personnel The Trustees cOnser that no remuneration is pa lo key managemenL T¥xatlon The Charity is exempi from taxatth on its actNitses because all tls ineome is apphed for charilable F)urposes. 12-
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 10 Tangible fixed assets Assots und•r Plllnl and •qulpm•nt Total Cost Al 2 Juty 2023 Additions 5.273,045 50.750 19.070 5.292,115 6,078 56,828 Al 31 July 2024 5,323,795 25,148 5,348.943 Depreciation and impaim*nt Al 2 July 2023 Depieciation charged In the peik)d 1S.297 2.463 15.297 2.463 Al 31 July 2024 17.760 17,760 Carrying amount At 31 JLtly 2024 5,323.795 7.388 5.331,183 At 1 July 2023 S,273.045 3,773 5,276,818 11 Croditorn." amounts falllng due wlthln one year 2024 2023 Borrowings ArKTuals arKI deferred income 497.010 14,761 5S7.010 116.360 511,771 873,370 12 Loans and overdrafts 2024 2023 Other loans 497.010 557,010 Payable within one year 497,010 557.010 13-
NEWCASTLE CENTRAL MOSQUE MASJID AL-TAWHID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 13 Unrestricted funds The Unrestrted funds of Ihe charily compnse Ihe unexpended balan5 of donations and grants whirh are not subjecl lo specffic conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unfeslricted funds by the trustees for specific purposes. At 2 Juty 2023 Incoming resource8 Resources expended At 31 July 2024 Genwal funds 4.871,719 437.076 (275.015) 5,033,780 Prèvlous Perlod: At 2 Juty 2022 Incoming Resources At 1 Juty 2023 resources expended General fdS 4.516.189 673,705 (318.175) 4,871,719 14 Related party transactions There were no disclosable related party transactions during perThl (2023 - none). 15 Prior period adju¥tmenl The prior reriod adjustment was necessary to inslate loans lo the eharity th81 had previously been accounted for as donations. Changes to the balance sheet At 1 July 2023 Adjustment A• pr•viou8ty r•port•d A¥ regtated Credltorn due within one yoar Loans and overdiafts (441,010) <116.000) (557.010 Income lund5 UnreslfiGled funds 4.987.719 (116,OlXII 4.871.719 Total equity 4,987,719 {116,(N)o} 4.871,719 Changes to the profrt and loss account Period ond8d 1 July 2023 A$ prevlou$ly AdJu$lment As re8tsted reported Donations and legacies 751.018 178,iJ)O) 673,018 Nel movement in funds 433.530 178.000) 355,530 14-