Newbury Park Masjid NEWBURY PARK MASJID (REGISTERED CHARITY NUMBER 1118363) Trustees, Report and Financial Statements For the Year Ended 31 March 2024 Prepared by Muhit & Co Chartered Certified Accountants and Tax Adviser8 80A Ashfield Street Unit 4. London E12BJ
Newbury Park Masjid Report of the Trustees for the Year Ended 31 March 2024 The Executive Committee present their annual report and unaudited financial statements for the year ended 31 March 2024 and confim they comply with Charities Act 1993, as amended by Charities Act 2011, the trust deed and the Charities Statement of Recommended Practice (SORP) 2005. Reference and Adminlstrdtive Infomiatlon Charity Name Newbury Park Masjid Charlty Registration Number 1118383 Principal Office 117 Oaks Lane N8wbury Park Ilford, Essex IG2 7PY Chairperydon Mahbub Hussain General Se¢retary Muhammad Baha Uddin Tfftasurer Mohammad Abdul Hannan Executive Committee Mahbub Hussain, Mohammed Atiqur Rahman. Mohammed Abdul Munayem, Shahid Ahmed, Chowdhury Mohammed Abu Tar8que, Mohammed Abul Kalam, Muhammad Baha Uddin, Golam Rafique, Mohammad Abdul Hannan, Abdul Hanan Bhuiyan Accountants Muhlt and Co, Chartered Certtfi8d Accountants and Tax Advisers 80A Ashfield Street Unit 4 London E12BJ Bankers HSBC 75 IM)itechapel Road LoTrJon E1 1DU Al Rayan Bank 97-99 W)itechapel Road Lon(Jon E1 1DT
Newbury Park Masjid Structure, Govemance and Management Governing Document Newbury Park Masjid isconstituted asacharitable trust registered with Charity Commission on 13th March 2007 undercharity registration number 1118363. Thedeclaration oftrust is made on the 261h Febwary 2006. Organlzatlonal Structure The charity executive committee is responsible forthe general control and management ofthe charity. The trustees give theirtime freely and receive no remuneration or any other financial benefits. The executive committee meets as a body as per requirement and are responsible for all decisions taken in relation to running the charity and the communty facilities and activities provided by the charity. Objectives The objectives of the charity are set out in the charity's trust deed and are sumrarISed as follows: To advance the Islamic faith for the benefit of the public. To further or benefit the residents of Newbury Park and the neighborhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. Infurtherance of theseobjects but not othemise, theexecutive committee shall have power.. To establish or secure the establishment of a communty center and to maintain or manage orco-operate with any statutory authority inthe maintenance and management of such a center for activities promoted bythecharty infurtherance of the above objects. The promotion of religious harmony for the public benefit by.. i) Promoting knowledge and mutual understsnding bebNeen different religious groups. ii) Advancing education and raising awarenessaboutdifferentreligiousgroups to promote good relations behveen persons of different racial groups. iii) Working towards the elimination of the religion discrimination.
Newbury Park Masjid In furtherance of the said objects bth not otherwise the executive committee shall have the following p)wers'. - i) To employ and pay any person or persons to supeNise, organise and caY on the works authorised by the. executive committee and employers of staff to make all reasonable and necessary provision for the paymentof pensions and superannuation to or on behalf of employees andtheir widows and dependents. ii) To raise funds and invtte and receive contributions from any individual or organisation whatsoever by way ofloan subscription, donation, gift or othewise PROVIDED THAT the executive committee shall not undertake any pemianent trading activities operating in similar charitable fields and to exchange information and advi. iii) To co-operate and collaborate with other voluntsry bodies and statutory authorities operating in similar charitable fields and to exchange information and advice. iv) To establish and operate bank accounts in the name of the charity and cheque drawn on such accounts shall be signed by executive committee members. v) To purchase, takeon lease, or inexchange hireorotherwise acquireany propety and any rights and privileges necessary for the attainment of the said objects and to contract, maintain and alter any buildings or erections as necessary for the said objects. vi) To make regulations for the management of any property which may be acquired. vii) Subject to such other consents as may be required by the law tosell. let or mortgage, dispose of orturn to account all or any of the propety, or assets of the charity. viii) To invest charity monies not immediately required for the said objects in or upon such investments or securities or property as are authorized by the terms of the deed. ix) To arrange and provide for on orjoin in arranging and providing for the holding of exhibition, meetings, lectures, seminars and training courses. x) To do all such other lawful things as are necessary for the attainment of the said objects. Activities and Achl8vements How our activlties deliver publlc benefrt A wide range of activities are carried out in pursuan of its charitsble aims. The trustees consider that these activities, summarised below, provide benefit to those who worship at our Masjid in Newbury Park, Ilford. Rellglous activlties The center provides facilities for prayers and other activities associated with the Muslim faith. During the year under review, we offer a range of religious se[viS and activities. This is available for the community as a whole. Communlty activity The charity work with the youth in the community, offering activities, classes and promote anti- druglgunlknife crime. This helps to reduce anti-social behavior. To welcome all local residents (Muslim and non-muslim) to attend classes, gatherings and conferences. This will promote interfaith and allowall people in SOCEty to accept all religions. it will also stop religious hatred, extremism and radicalisation.
Newbury Park Masjid Prlncipal Funding Sources The principal sources of funds for the nter are donations from local Muslim communities, Friday jurnmah collection and membership fees. Statement of Trustees. Responsibilitles Trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting principles (UK GA4P). that applicable to chartties in England and Wales requires that, the charity's trustees to prepare financial statements for each yearwhich give a true and fair view of the state of affairs of the charity and of incoming resources and application of reSoUrS of the charity for that year. In preparing the financial statements, the trustees are required to". Select surtable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP., Make judgments and estimates that are responsible and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in fi'nancial statements and Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will not continue in business. The trusteesare responsible forkeeping properaccounting records th8tdisclose with reasonable accuracy atany timethefinancial position ofthecharity and enablethem toensure that financial statements complywiththe CharitiesAct2011.TheCharity {Accounts and Reports) Regulations 2008 andthe provisions ofthetrustdeed. They arealso resp)nsible for safeguarding the assets of the charity and hence taking responsible steps for the prevention and detection of fraud and other irregularities. The trustees for the purpose of charty law who served during the year and up to the date of this report are set out on page 1. Approved by the trustees and signed on its behalf by.. Mahbub Hussain Chairman of ExecutlV8 Committee Mohammad A Hannan Treasurer Muhammad B Uddin Secretary Sign...... Sign.. 2/.0/ 25 21
Newbury Park Masjid Independent Examinerfs Report to Trusteeslmembers of Newbury Park Masjid. We have examined the financial statements for the year ended 31 March 2024 found on pages 6 to 12, which have been prepared on the basis of historic cost. The Trustees have confirmed that they do not hold any restricted funds and that all the funds are available to meet the charty's objectives. Respective Responslbilities of Trustees and Examlner The charity's trustees considerthat an audit is not required forthis year {under section 144 of the Charities Act 2011) and that an independent examination is needed. It is our responsibility lo: Examine theaccounts., Followthe procedures laid down in the General Directories given by the Charty Commission., and state whether particular matters have come to our attention. Basls of Indep8ndent Examinèrfs Statement Our examination was carried out in accordance with the General Directions given by the Charty Commissron. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts. Independent Examlner's Statement In the course of our examination. no matter has come to our attention.. o Which gives us reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that proper accounting records are kept (in accordance with section 130 of the Act) and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act. Towhich, in ouropinion. attents'on should bedrawn toenable a proper understanding of the accounts to be reached. OpinSon In our opinion the financial statement prepared give a true and fair view of the charity's state of affairs as at 31 March 2024 giving that the incoming resources and their application in the year then ended have been properly prepared with general direction given by the Charities Commissioner. Muhit & Co. Chartered Certified Accountants and Tax Advisers 80A AshfEld Street. Unit 4, London, E12BJ
Newbury Park Masjid Statement of Financlal Activities For the year ended 31 March 2024 Unrestricted Funds (£) Restricted Funds (£) Total 31.03.24 (£) Total 31.03.23 (£) Incoming Resourcas: Incoming Resources from Generated Funds (Note.. 3 &14) 203,013 203,013 224,524 Profit from Al Rayan Bank 56 203,069 56 203,069 17 224,541 Total Incoming Resources 203,069 203,069 224,541 Resources Exponded Cost of Generating Funds Charitable Activities (Note.. 8&14) 140,203 140,203 108,254 Govemance Costs Totsl Resources Expended 140,203 140.203 108,254 Net Movement in Funds 62.866 62,866 116,287 Reconclllation of Funds: Total Funds Brought Forward 1,592,398 1,592,398 1,476,111 Total Funds Carried Forward (Note: 12) 1,655,264 1,655,264 1,592.398
Newbury Park Masjid Balance Sheet as at 31 Mareh 2024 2024 2023 Flxed Assets Tangible Assets (Note: 7 & 10) Boundary Wall with coping stones (Note.. 15) Disable Toilet and Portakabin {Note:16) 1,296,678 57,334 1,253,478 57.334 17.421 17,421 1.371N33 1,328,233 Current Ass•ts Cash at Bank and in Hand (Note". 13) Prepayments (Note: 5) 282,331 11.500 293,831 232,812 279.303 Current Liabllities Creditors Falling Due Wthin One Year Net Current Assets 9,000 2,138 284 831 277.185 Total Assets Less Current Liabilities (Note: 11) Karde E Ha5ana (Long Term Liability [Note.- 6]) Total Net Assets 1,656.264 1,605,398 (1,000) 113,000) 1,655,264 1592.398 Funds: Unrestricted Funds blf Surplusl(Deficit) For the Year 1,592,398 62,866 1,655,369 1,476.111 116.287 1592.398 Total Funds 1,655.264 1,592 398 The notes on pages 9 to 14 form part of these accounts Approved by the trustees on date and signed on their behalf by: Mahbub Hussain Acting Chairman of Trustees Mohammad A Hannan Treasurer Muhammad B Uddin Secretary Date.. 210/24 Dale.. o/
Newbury Park Masjid Notes to the Flnanclal Statements Accounting Policies la) Basis ofpreparation The financial statements have bn prepared under the historical c05t convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in 2005 and applicable UKAccounting Stsndards and the Charities Act2011. (bl Funds structure Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set asKJe reSoUrS for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specifi'c appeal at any time and under the terms for public collection of Zakat in accordance with the teachings of Islarn. Icl Incoming resources All incoming resources are recognized once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reli8bility. The following specific policies are applied to particular categories of income.. Voluntary income is received byway of donats'ons at Friday prayers and public donation and Grants and is included in full in the statement of Financial Activities when receivable. Grants, where entitlement is not condition81 onthedelivery of aspecific performance bythe charity, are recognized when the charity becomes unconditionally entitled to the grant. Incoming resources from grants, where there areperformances orsenlices deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance. Donated services and facilities are included in the value to the charity where this can be quantified. The value of services provided is in the nature of professional services where a fee would othemise be charged, inwhich the donated service is valued attheir chargeable rate. Investment income is included when re1Vable. Incoming resources from charitable trading activity are accounted for when earned. (dl Resources expended Liabilities are recognized as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. (e) Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. (Q Allocation of overhead and support costs Supports costs include administrative costs for charitable activities.
Newbury Park Masjid Ig) Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and ServIS for its beneficiaries. It includes tK)th the direct pay and non-pay costs and support costs relating to those activrties. (h) Tangible fixed assets and depreciation All assets costing rThJre than £500 are capitalized and at historic cost. Fixed assets are ststed atcost less accumulated depreciation. The freehold propety is valued at historic cost, and it is not depreciated. Asset category Annual rate Freehold landandbuildings Improvements 0% 10
Newbury Park Masjid Related Paty Transactions and Trust$, Remuneration. Trustees Received Emoluments (2024 £nil) Total Incoming Resources from Voluntary I ncome Unrestricted Funds (£) 39,830.00 5,820.00 111.387.00 2,556.00 6,776.00 36 700.00 Restricted Funds Total 2024{£) 39,830.00 5,820.00 111,387.00 2,5.00 6,776.00 36.700.fyJ Friday Collection (Cash only) Ramadan Collection Donation Received including Friday Card Donation Eid Donation Membership Fee and Other Fees from Madrasa Legal & Professional Fees Unrestricted Funds (£) 1,500.00 Restricted Funds Total 2024 (£) 1,500.00 0.00 Accountancy Fees Exon Legal Gunner Cooke LLP o.c 1500.00 1500.00 5. Prepayment tocouncil.. UnStricted Restricted Total Funds (£) Funds 2024 (£) 34,886.00 9,000.00 TransFQrt, traffic and footpath ManageEnt Traffic management deposit Kard E Hasana 9,000.00 11500.00 46 491.00 An amunt of £34,886 was a contribution paid to London Borough of Redbridge(LBR) for the purpose of Transport, Traffic and Footpath Management on 30 October 2014. At the same time the amount of£9,000 paid to LBR was in lieu of a bond for Traffic and Transport management, which was 8 refundable deposit. However, from the beginning the whole amount of £34,886 and £9,000 were wrongly shown as refundable deposits by the previous accountant. This year the current tnanagement has pointed out this error and accordingly, this has charged as expenses to this ye8rfs account. 11
Newbury Park Masjid 6. Karde-E-Hasana (on the basis of Q Hasna Schedule).. Unrestricted Restricted Funds (£) Funds 13.000.CK) Total 2024 (£} 13,5C4J.00 Balance blf 1"April Add new Karde-E-Hasna Total Karde-E-Hasna Less repaid during the year 13,000.CQ 12 000.00 i 000.00 13,000.0) 12 C()O.00 7. Freehold Property Development: Unrestricted Funds <£) 1,217,809.00 1,625.00 57,334.00 7,200.00 36,000.00 34,044.00 17,421.00 1371443.00 Restricted Funds Total Freehold propety costlvaluation, blhvd Basement Door and Lock blfvrfd Boundary Wall, blfwd Canopy ( downstairs stair) Front porch and foundation wall Building Improvement Work, bld Other Improvement b1 2024 (£) 1,217,809.00 1,625.00 57,334.00 7,200.00 36,0(K).Crf) 34,044.00 17,421.00 1371443.00 8. Charitable Activities Support C osts: Unrestricted Funds (£) Restricted Funds Total Accountants fee Bank Charge Book printing & publicity Cleaning Entertainment Equipment expenses Event cost Freelance Imam Gift to Ahmed Rojob ( Travel costs) Grft to Huffeez (Collected through card) lfter food 2024 {£) 1,500 419 1,894 573 247 422 1.274 75 200 3,307 250 12
Newbury Park Masjid Insurance LinSe & Insurance Light & heating Madrasha expenses Postage Repairs & maintenance Wages (Masjid and Madrassa) Security Stationary Subscriptions Sundry Telephone, fax & internet Water bill 1,369 330 8,330 78 214 4,467 76,049 1,046 500 216 1.175 708 674 Transport traffic and footpath management - LBR {note 5) 34,886 140 203.00 13
Newbury Park Masjid 09. Corporation tsx The charity is exempt from tax on income and gains falling within section 505 oftheTaxes Act 1988 or section 252 ofthe Taxation of Chargeable Gains Act 1992tothe extent thatthese are applied to its charitable objects. No tax charges have arisen in the charity. 10. Fixed Assets.. Land and Buildings: Land and Buildings (£) 1,217,809.00 Coslvaluation.. At 1 April 2023 Additions Disposal At 31 March 2024 Net Book Value: Total {£) 1,217,809.00 1,217,809.00 1,217,809.th) At 31 March 2024 At 31 March 2023 1,217,809.00 1,217,809.00 1,217.809.00 1,217,809.00 11. Analysis of total assets less current liabilities- Unrestricted Restricted Funds {£) Total Funds {£) 1,371,433.00 293,831.00 {9,000.00) 1,656,264.00 Fixed assets Current assets Less Current liabilits'es 2024{£) 1,371,433.00 293,831.00 (9,000.00) 1,656,264.00 12. Analysis of charitable funds: Analysis of fund movements Balance bfvd Incoming Resources ReSoUrS Fund expended Unrestricted funds Unrestricted general funds cld (£) 1,592,398.00 203,069.00 (140,203.00) 1,655,264.00 14
Newbury Park Masjid 13.cash at Bank and in hand: Total 2024 (£} 224,573.00 7,449.00 41,652.CK) 2,463.00 (10.(K)) 3,798.00 2,406.00 HSBC Bank Current Account (01626515) HSBC Bank (Account number.. 34005090) Al Rayan Bank (Saving alc 01055450) Al Rayan Bank Current Accounts (01055401) Al Rayan Zakat (Acc 01055451) Madrasa Bank Accounts (CA 010554) Cash in hand 282,331.00 14. Madrasa Income and Expenditure Accounts: Madrasa Arabic Class Total Funds {£) Funds {£) 2024 (£) INCOME Fees received from students 36 700.crfj 36,700.00 36,700.00 Total LESS EXPENSES: Madrasah Salary Madrasah Freelan Tutors 33.034.00 33,034.(K) o.c Total Expenses SURPLUSI(DEFECIT) OVER EXPENDITURE 33,034.00 33,034.00 As a subsidy toward madrasa reSoUrs. printing & stationeries, and Imams, salary for providing lesson to Madrasa students £1.000 transferred monthly from Madrasa to Masjid account which is around £12,000 per year. 15
Newbury Park Masjid 15. Fixed Assets: Boundary Wall and Coping stones. Cosuvaluation: At 1 April 2023 Additions Disposal At 31 March 2024 Net Book Value: Boundary Wall (£) 57,334.00 Total {£) 57.334.00 57,334.CrfJ 57,334.00 At 31 March 2024 At 31 March 2023 57,334.00 57,334.00 57,334.C 57,334.00 16. Fixed Assets.. Dis8bled Toilet, Wadu facility and Portakabin (painting, partitioning, canopy) CosNaluation.' At 1 April 2023 Additions Disposal At 31 March 2024 Net Book Value". Disabled Toilet {£) 17,421.00 Total (£) 17,421. 17,421.00 17,421.00 At 31 March 2024 At 31 March 2023 17,421.Ch) 17,421.00 17,421.00 17.421.00 17. Fixed Assets: Building Improvement Work CosNaluation.' At 1 April 2023 Additions Disposal At 31 March 2024 Net Book Value.. Building Improvement (£) Totsl (£> 34,044.00 34,044.C 34,044.00 34,044.00 At 31 March 2024 At 31 March 2023 34,044.CK) 34,044.00 34,044. 34,044.Crt) 15