Jamiat Ahl-e-Hadith Nottingham Trustees Report and Financial Statements For the Year ended 31 August 2024 Charity Registration Number: 1118626
Jamiat Ahl-e-Hadith Nottingham
Contents
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 11 |
Jamiat Ahl-e-Hadith Nottingham
Trustees' report for the year ended 31 August 2024
The trustees present their report along with the financial statements of the charity the year ended 31 August 2024. The financial statements have been prepared based on the accounting policies set out in note to the financial statements and comply with the charity's constitution.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard January 2015). applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
Reference and administrative details of the charity
Correspondence address
7 Dale Road Nottingham NG2 4LT
Trustees
Sajid Mahmood - Chair Liaqat Aziz - General Secretary Sajjad Ahmed - Treasurer
Bankers
Barclays Bank Plc 17 Plains Road Mapperly Nottingham NG3 5LM
Independent examiner
Keystone Accountants & Business Advisors 263 Nottingham Road Nottingham NG7 7DA
Page 1
Jamiat Ahl-e-Hadith Nottingham
Trustees' report (continued) for the year ended 31 August 2024
Structure, Governance and Management
a. Governing document
Jamiat Ahl-e-Hadith Nottingham is an association governed by its constitution dated 13th February 2007 and was registered with the Charity Commission on 30th March 2007.
b. Method of appointment and induction of new Trustees
New Trustees are appointed by the members of the charity at a general meeting and are briefed on their legal obligations under charity law, the content of the charity's constitution, and its recent performance.
c. Organisational structure and decision making
The board of Trustees oversee the running of the charity on a day to day basis. All operational decisions are made at board meetings which are held frequently through the year.
d. Risk Management
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and Activities
a. Summary of objectives
The objectives of the charity as set out in its governing document are as follows:
The advancement of the Islamic religion by way of:
-
the establishment of an Islamic Centre
-
the provision of facilities for the practice of Islamic faith
-
the facilitation of communal activities
-
the provision and facilitation of Islamic education for adults and children.
The Trustees have reviewed the objectives of the charity to ensure that they provide an overall benefit to the public. In conducting this review, the Trustees have considered the Charity Commission's general guidance of public benefit.
b. Activities for achieving objectives
The charity runs a mosque and Islamic Centre in the Radford area of Nottingham.
Achievements and Performance
Throughout the year the charity maintained the running of the mosque and madrassah to achieve its objectives and the Trustees are satisfied with the overall performance of the charity.
Page 2
Jamiat Ahl-e-Hadith Nottingham
Trustees' report (continued) for the year ended 31 August 2024
Financial Review
a. Reserves policy
The charity's reserve policy is to maintain a sufficient level of liquid reserves to meet short term obligations and any unforeseen expenditure. The Trustees are satisfied with the level of liquid reserves held at then end of the period of £444,472
b. Principle funding
During the year the charity raised a total of £183,853of incoming resources before charitable expenditure. Most of the funds raised were through voluntary donations from within the local community and through a number of fundraising programmes held at the mosque in order to repay the charity debts.
Plans for the future
The charity's plans for the future are to expand the masjid project and continue to provide facilities for the local community.
Statement of Trustees' Responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fairview of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonalbe and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and dedication of fraud and other irregularities.
This report was approved by the Trustees on …………………… and signed on their behalf, by:
Sajid Mahmood - Chair
Page 3
Jamiat Ahl-e-Hadith Nottingham
Independent examiner's Report to the Trustees of Jamait Ahl-e-Hadith Nottingham
I report on the accounts of the Charity for the year ended 31 August 2024, which are set out on pages 5 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act), as amended by s.28 of the Charities Act 2006) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 43 of the Act, as amended);
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43 (7)(b) of the Act, as amended); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with General Directions given by the Charity Commission. 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
-
which gives me 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 41 of the Act); and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
-
to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
For and on behalf of
Keystone Accountants & Business Advisors
263 Nottingham Road, Nottingham, NG7 7DA
Date:
Page 4
Jamiat Ahl-e-Hadith Nottingham
Statement of financial activities for the year ended 31 August 2024
| Note Incoming resources Incoming resources from generated funds Voluntary income 2 Investment income 3 Incoming resources from charitable activit 4 Total incoming resources Resources expended Costs of generated funds Investment management costs 5 Charitable activities 6 Governance costs 7 Total resources expended Net incoming resources Total funds brought forward Total funds carried forward |
Restricted Funds 2024 - £ - £ - £ |
Unrestricted Funds 2024 162,253 £ 21,600 £ - £ |
Total Funds 2024 162,253 £ 21,600 £ - £ |
Total Funds 2023 106,784 £ 22,735 £ - £ |
|---|---|---|---|---|
| - £ |
183,853 £ |
183,853 £ |
129,519 £ |
|
| - £ - £ - £ |
4,520 £ 104,814 £ 600 £ |
4,520 £ 104,814 £ 600 £ |
5,362 £ 29,493 £ 600 £ |
|
| - £ |
109,934 £ |
109,934 £ |
35,455 £ |
|
| - £ - £ |
73,919 1,082,950 £ |
73,919 1,082,950 £ |
94,064 988,886 £ |
|
| - £ |
1,156,869 £ |
1,156,869 £ |
1,082,950 £ |
All activities relate to continuing operations.
The notes on pages 7 to 11 form part of these financial statements.
Page 5
Jamiat Ahl-e-Hadith Nottingham
Balance sheet as at 31 August 2024
| Note Fixed assets Tangible fixed assets 10 Investment property 11 Current assets Debtors 12 Cash at bank and in hand Creditors:amounts falling due within one year 13 Net Current assets Charity Funds Unrestricted funds 14 Restricted funds 15 Total funds |
- £ 444,472 £ |
505,679 £ 236,644 £ 742,323 £ 16,041 £ 334,972 £ 351,013 £ (11,350) 414,546 £ 1,156,869 £ 1,156,869 £ - £ 1,156,869 £ 2024 |
505,679 £ 236,644 £ 742,323 £ 16,041 £ 334,972 £ 351,013 £ (11,350) 414,546 £ 1,156,869 £ 1,156,869 £ - £ 1,156,869 £ 2024 |
506,643 £ 236,644 £ 2023 |
|---|---|---|---|---|
| 742,323 £ 414,546 £ |
743,287 £ 339,663 £ |
|||
| 444,472 £ (29,926) |
351,013 £ (11,350) |
|||
| 1,156,869 £ |
1,082,950 £ |
|||
| 1,156,869 £ - £ |
1,082,950 £ - £ |
|||
| 1,156,869 £ |
1,082,950 £ |
The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The financial statements were approved by the Trustees on…………….and signed on their behalf by:
Sajid Mahmood Chair
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
1.2 Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work or for specific artistic projects being undertaken by the Trust. such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and theamount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material
Income received in advance of a theatrical performance or provision of other specified service it is deferred until the criteria for income recognition are met.
1.4 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Charitable Activities include those costs that are directly related to the objectives of the charity.
Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.
Support Costs for a single activity are allocated directly to that activity. Where support costs relate to several activities they have been apportioed on the basis of number of direct staff supporting that activity.
Page 7
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
1. Accounting policies (continued)
1.5 Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accountingpolicies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
1.6 Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise the costs of commercial trading including the bar and coffee lounge and their associated support costs.
-
Expenditure on charitable activities includes the costs of performances, exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs.
● Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Page 8
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
1. Accounting policies (continued)
1.9 Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 10.
1.10 Stock
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
1.11Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.12 Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.13 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated
reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.14 Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.15 Transition to FRS 102
The opening fund balances at the date of transition have been restated (see note 1b) due to a liability for holiday pay but no subsequent restatement of items has been required in making the transition to FRS 102. The transition date was 1 April 2014.
Page 9
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
1. Accounting policies (continued)
1.16 Tangible fixed assets and depreciation
All assets costing more than 100 are capitalised.
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of those assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold land and buildings - 2% straight line Fixtures, fittings and equipment - 15% reducing balance
1.17 Taxation
As a registered charity, the charity is exempt from Income and Corporation tax to the extent that its income and gains are applicable to the charitable purposes only.
2. Voluntary income
| Appeals and donations 3. Investment income Rental Income 4. Incoming resources from charitable activities Mosque |
Restricted Funds 2023 - £ |
Unrestricted Funds 2024 162,253 £ |
Total Funds 2024 162,253 £ |
Total Funds 2023 106,784 £ |
|---|---|---|---|---|
| - £ |
162,253 £ |
162,253 £ |
106,784 £ |
|
| - £ |
21,600 £ |
21,600 £ |
22,735 £ |
|
| - £ |
21,600 £ |
21,600 £ |
22,735 £ |
|
| - £ |
- £ |
- £ |
- £ |
|
| - £ |
- £ |
- £ |
- £ |
Page 10
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
5. Investment management costs
| Restricted Unrestricted Funds Funds 2024 2024 Property costs - £ 4,520 £ - £ 4,520 £ 6. Analysis of resources expended by activities Activities Undertaken Support Directly Costs 2024 2024 Mosque Activities 75,466 £ 29,348 £ 75,466 £ 29,348 £ 7. Governance Costs Restricted Unrestricted Funds Funds 2024 2024 Accountancy - £ 450 £ Independent examination - £ 150 £ - £ 600 £ |
Restricted Funds 2024 - £ |
Unrestricted Funds 2024 4,520 £ |
Total Funds 2024 4,520 £ 4,520 £ Total 2024 104,814 £ 104,814 £ Total Funds 2024 450 £ 150 £ 600 £ |
Total Funds 2023 5,362 £ |
|---|---|---|---|---|
| - £ |
4,520 £ |
5,362 £ |
||
| Total 2023 29,493 £ |
||||
| 75,466 £ |
29,348 £ |
29,493 £ |
||
| Restricted Funds 2024 - £ - £ |
Unrestricted Funds 2024 450 £ 150 £ |
Total Funds 2023 450 £ 150 £ |
||
| - £ |
600 £ |
600 £ |
8. Net incoming resources
This is stated after charging:
| Depreciation on tangible fixed assets - owned by the charity |
2024 2023 964 £ 1,334 £ 964 £ 1,334 £ |
|---|---|
Page 11
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements for the year ended 31 August 2024
9. Related party transactions
The charity is controlled by the Trustees.
During the year, nil (nil) was paid to one trustee for providing services to the charity outside the capacity of a Trustee. During the year, no Trustees received any benefits in kind. During the year, no Trustees received any reimbursement of expenses.
10. Tangible fixed assets
| Freehold Fixtures land and fittings and buildings equipment Total Cost Brought forward 595,101 £ 32,905 £ 628,006 £ Additions - £ - £ - £ Disposals - £ - £ - £ At 31 August 2024 595,101 £ 32,905 £ 628,006 £ Depreciation Brought forward 94,884 £ 26,479 £ 121,363 £ Charge for the year - £ 964 £ 964 £ At 31 August 2024 94,884 £ 27,443 £ 122,327 £ Net book value Carried Forward 500,217 £ 5,462 £ 505,679 £ Brought forward 500,217 £ 6,426 £ 506,643 £ 11. Investment property Freehold investment property Cost At 01 September 2022 236,644 £ Additions at cost - £ At 31 August 2024 236,644 £ The investment property was purchased in April 2011. The trustees do not consider there to be a material difference in value at the balance sheet date. |
Freehold land and buildings 595,101 £ - £ - £ |
Fixtures fittings and equipment 32,905 £ - £ - £ |
Total 628,006 £ - £ - £ |
|---|---|---|---|
| 595,101 £ |
32,905 £ |
628,006 £ |
|
| 94,884 £ - £ |
26,479 £ 964 £ |
121,363 £ 964 £ |
|
| 94,884 £ |
27,443 £ |
122,327 £ |
|
| 500,217 £ |
5,462 £ |
505,679 £ |
|
| 500,217 £ |
6,426 £ |
506,643 £ |
|
| Freehold investment property 236,644 £ - £ |
|||
| 236,644 £ |
Page 12
Jamiat Ahl-e-Hadith Nottingham
Notes to the financial statements
for the year ended 31 August 2024
12. Debtors
| Prepayments and accured income Other debtors 13. Creditors: amounts falling due within one year Trade Creditors Loans Other creditors |
2024 - £ - £ |
2023 - £ 16,041 £ |
|---|---|---|
| - £ |
16,041 £ |
|
| 2024 29,326 £ - £ 600 £ |
2023 - £ 10,500 £ 850 £ |
|
| 29,926 £ |
11,350 £ |
14. Statement Funds
| Unrestricted funds Restricted Funds Total Funds |
Brought Forward 988,886 £ - £ 988,886 £ |
Incoming Resources 183,853 £ - £ 183,853 £ |
Resources Carried expended forward 109,934 £ 1,062,805 £ - £ - £ 109,934 £ 1,062,805 £ |
|---|---|---|---|
Page 13