Newbury Park Masjid NEWBURY PARK MASJID (REGISTERED CHARITY NUMBER 1118363) Trustees. Report and Financial Statements For the Year Ended 31 March 2025 Prepared by Muhit & Co Chartered Certified Accountants and Tax Advisers 80A Ashfield Street Unit 4, London E12BJ Newbury Park Masjid Report of the Trustees for the Year Ended 31 March 2025 The Executtve Comnwttee present their annual report and unaudited financial stalements for the year ended 31 March 2025 and confi'mi they comply wilh Charities Act 1993, as amended by Charl￿S Act 2011, the Irust deed and the Charities Statement of Recommended Practice (SORP) 2005. Reference and AdministratNe Information Charity Name Newbury Park Masjid Charity Registration Number 1118363 Principal Office 117 Oaks Lane Newbury Park Ilford Essex IG2 7PY Interim Manager Khalid Sofi Executive Committee Mohammed Atiqur Rahman, Mohammed Abdul Munayem, Shahid Ahmed. Chowdhury Mohammed Abu Taraque Accountsnts Muhit and Co, Chartered Certified Accountants and Tax Advisers 80A Ashfield Street Unit 4 London E12BJ Bankers HSBC 75 Whitechapel Road London E1 1DU Al Rayan Bank 97-99 Vvhitechapel Road London E1 1DT Newbury Park Masjid Structure, Governance and Management Governing Document Newbury Park Masjid is constitLrted as a charitable trust registered with Charity Ih Commission on 13 March 2007 under charity registration number 1118363. The declaration of trust is made on the 26 FebnBry 2006. Organisational Structure The charity executive conNnittee is responsible for the general control and management of the charity. The truslees give Iheir t1￿£ freely and receive no remuneration or arby other financial benefits. The executive committee meets as a body as per requirement and are responsible for all decisions taken in relation lo running the charity and the communty facilities and activities provided by the charity. Objectives The objectives of Ihe charity are set out in Ihe charity's trust deed and are summarised as follows: To advance the Islamic faith for Ihe benefit of the public. To further or benefft 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 Ihe interests of social welfare for recreafiion leisure time occupation wilh the objective of improvlng the conditions of lrfe for the residenls. In furtherance of these objects bul not otheNise, Ihe executive committee shall have power: To establish or secure the estabfishment of a community centre and to maintain or manage or Cl￿perate with any statutory authority in the maintenance and management of such a ￿ntre for activities promoted by the charty in furtherance of the above objects. The promotion of religious harn￿nY for the public benefrt by: i) Promoting knowledge and mutual understanding between diffeTent religious groups. ii) Advancing education and raising awareness about different religious groups to promote good relations between persons of different racial groups. iii) Working towards the elimination of the religion discrimination. Ne￿bury Park Masjid In furtherance of the said objects but not otherwise the executrve committee shall have the following powers:_ i) To employ and pay any person or persons lo supeNise, organise and cary on the works authorised by the: executive commrttee and employers of staff to make all reasonable and necessary provision for the payment of pensions and superannuation to or on behalf of employ￿ and their widows and dependents. "') To raise funds and invite and receive contributions from any individual or organisation whatsoever by way of loan subscription, donation, gift or otherwise PROVIDED THAT the executive committee shall not undertake any pennanent trading activities operating in similar charitable fields and to exchange information and advice. iii) To c(￿operate and collaborate with other voluntary bodies and statutory a￿horitieS operating in similar charitable fields and to exchange information and advice. iv) To establish and operate bank xcounts in the name of the charity and cheque drawn on such accounts shall be signed by executive committee members. v) To purchase, take on lease, or in exchange hire or otherwise acquire any propety and any rights and privileges necessary for the attainment of the said objects and to contract, maintain and alter ￿ buildings or erections as necessary for the said objects. vi) To make regulations for Ihe management of any propety which may be acquired. vii) Subject to such other consents as may be required by the law to sell, let or mortgage, dispose of or turn to account all or any of the propety, or assels of the charty. viii) To invest charty monies not immediately required for the said objects in or upon such investments or securities or property as are authorised by the lerms of the deed. ix) To arrange and provide for on or join 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 Achièvements How our activities delNer public benefft Awide range of activities are carried out in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefft to those who worship at our Masjid in Newbury Park. Ilford. Religious activities The centre provides facilities for prayers and other activities associated with the Muslim farth. During the year under review, we offer a range of ieligious seniices and activities. This is available for the communty as a whole. Community activlty The charty works wilh the youth in the communty. offering activities. classes and promote antF - druglgunlknrfe crime. This helps lo reduce anti-social behavior. Newbury Park Masjid To welcome all local resKJents (Muslim and nor￿us11M) to attend classes. gatherings and conferences. This will promote interfaith and allow all people in society to accept all religions, it will also stop religious hatred. extremism and radicalisation. Interim Manager The charity is the subject of a Charity Commission inquiry which, on 7 August 2025, appointed an interim manager for the charity. The interim manager appointed, Mr Khalid Sofi of Lee Bolton Monier-williams LLP, has specific duties to fulfil, to the exclusion of the Irustee5. He is lasked with: 1. Setting up and running a membership recruitment campaign to admit those persons that satisfy the membership criteria in the charity's governing document, while taking steps to ensure the local community are engaged in the process. 2. Carrying out a comprehensive review of the charity's goveming document and taking steps to arrange for the governing document to be amended lo ensure it provides the charty with a workable governing document that is easy to follow and implement. 3. Holding and facilitating an Annual General Meeting (AGM) in order for members to elect trustees in ac￿rdanCe with the provisions of the charity's goveming documenl. 4. Following the outcome and review of the AGM, inducling the new trustees into posl. Principal Funding Sources The principal sources of funds for the centre are donations from local Muslim communities. Frthy jummah collection and membership fees. Statement of Trustees. Responsibilitles Trustees are ￿spOnSIble for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting principles (UK GA4P). that applicable to charities in England and Wales requires that. the charity's trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of irbcoming resources and application of reSoUr￿S of the charty for that year. In preparing the financial statements, the trustees are required to= Select suitable accounting policies and then appty them consistently. Observe the methods and principles in the Charities SORP. Make judgments and estimates that are responsible and prudent: Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in financial statements and Newbury Park Masjid o Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will not continue in business. The trustees are responsible for keeping proper accounting rewrds thal disclose with reasonable accuracy at any time the financial position of the charty and enable them to ensure that financial statements compty with the Charities Act 2011, The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also respjnsible for safeguarding the assets of the charty and hence taking responsible steps for the Prevention and deteth'on of fraud and other i￿egUlar1ties. The trustees for the purpose of charity 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.. Khalid Sofi Interim Manager Sign.. Date.. Newbury Park Masjid Independent Examinèr's Report to Trusteeslmembers of Newbury Park MasSid. We have examined the financial statements for the year ended 31 March 2025 found on pages 6 to 12, which have been prepared on Ihe basis of historic cost. The Trustees have confirmed that they do not hold any restricted funds and that all Ihe funds are available lo meet the charity's objectives. Respective Responsibilities of Trustse8 and Examiner The charity's trvstees consider that an audit is not required for this year (Ur￿er section 144 of the Charities Act 2011) and that an independent examination is needed. It is our responsibilty to: Examine the accounts., Follow the procedures laid down in the General Directories given by the Charity Commtssion. and Stale whether particular matters have come to our attention. Bas18 of Independent Examinerfs Statement Our examination was Ca￿led out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accountirkg records kept by the charity and a comparison of the accounts presented with those records. 11 also Includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees COn￿rning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and Gonsequentty we do not express an audit opinion on the accounts. Independent Examiner's Statement In the course of our examination, no Matter has come to our attention: ich gives us reasonable cause to bèlieve 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 requlrements of the Act; To which. in our opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Opinion In our opinion the financial statement prepared give a true and fair view of the charity's stale of affairs as at 31 March 2025 giving that the incoming resources and their application in the year then ended have be property prepared with general direction given by Ihe Charities Commissioner. Muhit & Co. Chartered Certified Accountants and Tax Advisers 80AAshfield Street Unit 4 London. E12BJ Date... Newbury Park Masjid Statement of Financial Activities For the year endod 31 March 2025 Unrestricted Funds (£) Restricted Funds (£) Total 31.03.25 Total 31.03.24 (£) Incoming Resources: Incoming Resources from Generated Funds (Note: 3 &14) Profrt from Al Rayan Bank 204,630 204,630 203,013 419 205.049 419 205,049 56 203.069 Total Incoming Resources 205.049 205.049 203,069 Resourcos Expended Cost of Generating Funds Charitable Activities Govemance Costs (Note: 140,203 &14) 134,157 134,157 Total Resources Expended 134.157 134,157 140,203 Net Movement in Funds 70,892 70,892 62,866 Reconciliation of Funds= Total Forward Funds Brought 1.655.264 1.655.264 1.592,398 Totsl Funds Carried Forward (Note: 12) 1,726,156 1.726.156 1.655.264 Newbury Park Masjid Balance Sheet as at 31 March 2025 2025 2024 Fixed Assets Tangible Assets (Note.. 7 & 10) Boundary V*lall with coping slones {Note.' 15) Disable Toilet and Portakabin {Note.'16) 1,300.798 1.296,678 57.334 57.334 17,421 1,375,553 17,421 1.371,433 Current Assets Cash at Bank and in Hand (Note: 13) Prepayments (Note: 5) 343,768 11,500 355,268 282,331 11,500 293,831 Current Liabilities Creditors Falling Due Wrthin One Year Net Current Assets 351,603 284,831 Total Assets Less Current Liabilities (Note: 11) Karde E Hasana (Long Term Liabilty [Note: 6]) 1,656,264 1,727,156 (1,000) (1,000) 1655 264 Total Net Assets 1726.156 Funds: Unrestricted Funds blf Surplusl(Deficrt) For the Year 1,655,264 1,592.398 62.866 1655 369 1726 156 Total Funds 1726 156 1655 264 The notes on pages 9 to 14 form part of these accounts Approved by the trustees on date and signed on their behalf by- KhAlid Sofi Interim Manager Date..... Newbury Park Masjid Notes to the Flnanclal Statements Accounting Policies (a} Basis ofweparation The financial statements have been prepared urKler the historical cost 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 UK Accounting Standards and the Charits'es Act2011. {b) Funds structure Unrestricted income funds comprise those funds vthich the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds indude designated funds where the trustees. at their discretion. have set aside resources for a spectfic purpose. Restricted funds arefunds which are to be used in accordan￿ with specific restrictions imposed by Ihe donor or the terms of a specffic appeal at any time arKI under Ihe tems for public collection of Zakat in accordance with the teachings of Isla Icl Incoming resources All incoming resources are recognized once the charity has entitlement to the resour￿$, ttis certain thatthe resources will be receNed, and the monetary value of incoming resources can be measured with sufficient reliability. Ttr￿ following specific policies are applied to particular categories of income.. Voluntary income is received by way of donatÉons 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 nOtCond￿'0nal on the delivery of a specific performance bythe charity, are recognized when the charity becomes unconditionally entided to the grant Incoming resources fromgrants, where Ihereareperfonnances orservices deliverables required by the temis of the grant. are accounted for as the charity earns the nght to payment through its performance. Donated se￿1￿5 and facilities are induded in the value to the charty where this can be quantified. The value of services provided is in the nature of professional seprfices where a fee would otherwise be charged, in which the donated Servi￿ is valued attheir chargeable rate. Investment income is included when receivable. Incoming resources from charitable trading aclivity we accounted for when earned. (d) Resources expended Liabilities are recognEed as resources expended as soon as there is a legal or constructtve 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. (fj Allocation of overhead and support costs Supports costs include administrative costs for charitable acttvities. Newbury Park Masjid (gl Charitable activities Charitsble expenditure comprises ttrK)se costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activrties. (h) Tangible fixed assets and dweciation All assets costing more than £500 are capitalized and at historic cost Fixed assets are stated at cost less accumulated depreciation. The freehold property is valwl at historic cost, and it is not depreciated. Asset category Annual rate Freehold landand buildings 0% Improvements o* 10 Newbury Park Masjid Related Paty Transactions and Trustees, P£muneration. Trustees Received M) Emoluments (2025 £nil) 3. Total Incoming Resources from Voluntsry I ncome Unrestrlcted Restricted Funds (£) Funds 29.620 6.805 120.805 4.235 4.324 39.260 205.049 Total 2025(£) 29,620 6,805 120,805 4.235 4,324 39.260 205,049 Friday Collection (Cash onty) Ramadan Collection Donation Received including Friday Card DonatK)n Eid Donation Membership Fee and Other Fees from Madrasa Legal & Professional Fees Unrestricte Restrlcted Total d Funds (£1 1.500 Funds 2025 (£) 1.500 Accountancy Fees Exon Legal Gunner Cooke LLP 8.636 10,136 8.636 10,136 5. Prepayment to Council: Unrestricted Funds (£) Restricted Total Funds 2025 (£) Transport, traffic and foolpath management Traffic management deposit Kard E Hasana 9.000 2,5DO 11.500 9.000 2.500 11.500 The amount of £9,000 paid to LBR Ytss in lieu of a bond for Traffic and Transport management. which was a refundable deposiL 11 Newbury Park Masjid 6. Karde-E-Hasana (on the basis of Q Hasna Schedule): Unrestricted Restricted Funds (£) Funds 1,CNJO Total 2025 (£) Balance blf 1°April Add new Karde-E-Hasna Total Kard&E-Hasna 1,QKIO Less repaid during the year 1,000 1,000 7.Freehold Property Development: Unrestricted Restrtcted Funds (£) Funds 1,217,809 1,625 57,334 7,2 36,0(YJ Total 2025 (£) 1.217,809 1,625 57,334 7,2(NJ Freehold property cosvvaluation. blfwd Basement Door and Lock blfwd Boundary Wall, blfiNd Canopy { downstairs stair) Front porch and foundation wall Building Improvement Work, blfwd Other Improvement bl￿d Machinery and equipment 17,421 4,120 1,375,553 17,421 4,120 1,375,553 8. Charitable Activities Support C osts: Unrestricted Restricted Total Funds (£) Funds 2025 (£) Accountants fee Bank Charge Book printing & publicty Cleaning Depreciation Entertainment 323 323 1,580 941 1.580 941 1,030 1,030 63 Equipment expenses Event cost 2.2(YJ 559 2,200 559 Freelance Imam Gift to Huffeez (Collected through card} lfter food 150 150 230 230 Insurance 1.539 1.539 12 Newbury Park Masjid Light & heating Marquee hire Pension contribution 7,131 1,202 368 7.131 1.202 368 Repairs & maintenance Wages (Masjid and Madrassa) Security Solicitors fee Stab'onary Subscriptions Sundry Telephone, fax & internet Travel cost 7,058 88,550 1,600 8,636 342 7.058 88.550 1.600 8.636 342 467 467 183 183 608 608 637 637 Water bill 3,145 3.145 Transport, traffic and footpath management- LBR (note 5) 574 574 134,157 134,157 09. Corporation tax The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of Taxation of Chargeable Gains Act1992 to the extent that these 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 Total 1£) 1.217,809 CosNaluation.' At 1 April 2024 Additions Disposal At 31 March 2025 1,217,809 1.217,809 Net Book Value: At 31 March 2025 1,217,809 1.217.809 1,217,809 1.217,809 At 31 March 2024 13 Newbury Park Masjid 11. Analysis of total assets less current liabilities: Unrestricted Restricted Funds (£) Total Funds (£} 1.375,553 355,268 {3,665) 1,727,156 2025(£) 1,375,553 355,268 (3,665) Fixed assets Current assets Less Current liabilities 1,727,156 12. Anatysis of charitable funds: Anatysis of fund movements Balan￿ bl￿d Incoming Resources Resour￿$ Fund expended clfvrfd (£) Unrestrictsd funds Unrestricted general funds 1,655,264 205,049 (134,1571 1,726,156 13.cash at Bank and in hand: Total 2025 (£) 340.276 HSBC Bank CUr￿nt Account (01626515) HSBC Bank {Account number: 34005090) Al Rayan Bank (Saving alc 01055450) Al Rayan Bank Current Accounts (01055401) Al Rayan Zakat