Registered Charity Number: 1121179
EIC AL-MA￿lD TRUST
TRUSTEES REPORT A]¥D FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

EIC AL-MASJID TRUST
CONTENTS
Page
General and administrative information
Trusiees, report
Independent auditors, report
Statement of financial activitics
8- 11
12
Balance sheet
13
Cash flow statement
14
Notes to the financial statcmcnts
15-23

EIC AL-MASJID TRUST
GENERAL AND ADMINISTRATIVE INFORMATION
Reference and Administrative Details
Trustees
Rizwan Sanvar Butt {ChaiTman)
Abdallah Ramankhan {Vice Chaim]an)
Nazrul Islam (Secretary)
Mohammcd Azizul Hoquc (Assistant
Sccrctaryl
MohamTnad Shahidul Hoque (Tieasurei}
Khalid Mahmood (Assistant Treasurer)
Mohammad Mushfique Uddin
Abdul Azizul Haque
Sulaiman Sulaiman
Mohammed Abdul Kadir Zaigirdar
Nizamul Islam
Abid Mahmood
A ￿e5 OTllaf AhTned
Zeeshan Rana
Mohamed Imran Umar
Mohammed Ilyas
Secretary
Nazrul Islam
Registered Office
20-34 RaynhaTn Road
Angel Edmonton
London
N182SJ
Charity Registration Number..
121179
Auditors
UHY Hackcr Young
Quadrant House
4 Thomas More Square
London
Elw IYW
Bankers
Natwest Bank plc
Al Rayan Bank plc
Barclays Bank plc

EIC AL-MASJID TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 21123
The Tnjstees present their annual report and accounts for the year ended 31 December 2023. The financial
statements have been prepared in accordance with the accounting policies set out in note I to the accounts
and comply with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with thc Financial Reporting Standard applicable in the UK and Rcpublic of Ireland IFRS 102}.
The EIC AL-MASJID Trust was constituted undet a T￿￿t Deed dated 6 July 2003 and amended on 25 July
2007. The trust evolved from an incorporated a$S￿latIOn, namely Edmonton Islami¢ Centre AL-MASJID
(Charity no.1048604). which was registered on I l July 1995 and removed from the register on 25,
October 2010 with all the funds being iransferred to EIC AL-MASJID Trust.
The principal activities of the charity are the operation of an Islamic Centre for religious p￿ry￿SeS and the
provision of scrvices to the Muslim community.
STRUCTURE, GOVEELYANCE AND MANAGEMENT
The charity is governed by its In￿1 deed. Legal responsibility for the management and stewardship of the
charity is vested in the Board of Trustees. Trustees have set up a management group to oversee the day to
day management of the charity. The management group consists of Trusiees wilh one of the Trustees being
on a full-timc role.
Thc Trustees who served during the year were as follows:
Sulaitnan Sulaiman
Abdallah Ramankhan (Vice Chainnan)
Nazrul Islam (Secretary)
Mohammad Mushfique Uddin
Mohammad Shahidul Hoquc (Trcasurcr)
Azizul Haquc
Jahan¥ir Ahmad Kashmiri {Deceased on 14 June 2024)
Rizwan Sarwai Butt (Chaittnanl
Mohammed A£iLul Hoque {Assistsnt Secretary)
Khalid Mahmood (Assistant Treasurer)
Mohammed Abdul Kadir Zaigirdar
Nizamul Islam
Abid Mahmood
Awcs Omar Ahmed
Zeeshan Rana
Mohammed Imran Umar
Mohammed Ilyas
Board meetings are held on a monthly basis with additional meetings as required. The Board decides
matters of strategy and overall policy and sets budgets.
Appointment and training of Trustees
The Trustees are appointed at a special board meeting by way of voting.

EIC AL-MASJID TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 21123
Upon appointment as Trustees, it is the policy and procedures of the EIC AL-MASJJD Trust for all
Trustees to read and review ihe remit of the charity- They meei wilh the oiher Trustees and staff to undergo
training in the issues that the charity deals with and io familiarise themselN'es with the charity. They are
kept up to date on key governance directives, trdining and publications. Trustees are in contact with the
secretary and staff on a regular basis and sorne of the Trustees help with individual cases.
No new Trustees have been appointed during the year ended 31 December 2023.
Arrangements for setting pay for Trustees
The Trnstees are considered to be key management personnel of the charity in charge of directing and
controlling, njnning and operating of the Trnst on a daily basis. No Trustees are being remunerated by the
charity.
Organi5ation
The Board of Trustees consists of otTice karers & ordinary Trustees. The otTice bearers include the
Chairnian, Vi¢e Chaiman, Secretary, Assistant Secretary. Treasurer and Assistant Treasurer who carry out
their roles as per the trust deed.
Ordinary Trustees also forni part of sub committees that meet regularly to fulfill tasks given by the Board
of Trustees. The following sub committees regularly met and carried out tssks given by the Board of
Trustccs..
Building and tenant sub committee
Fundraising sub commiitee
Ramadhan sub committee
Dawah & youth sub committcc
Ladies sub committee
Risk management
The Trustees review the risks that the charity faces annually and ¢onsider that adequate safeguards are in
place to minimize the exposure. The main risks identified are as follows..
a) Succession planning
b) Continuity of voluntary income resources
c) Reputation of thc trust
d) Application of all legrislative requirements

EIC AL-MASJID TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 21123
The Trustees have a risk management strategy which comprises."
Th¢ cstablishmcnt of proccdurc5 to idcntify staffing rcquircmcnts based on thc nccds of the
charity
Detailed vctting proccdurcs for new applications
Ensuring good goN'ernance is maintained throughout
Continue to make appeals io donors and organise special events through the year
Where significant financial risk still remains, they have ensured they have adequate insurance cover and an
cftcctivc system of intcrnal control.
OBJECTIVES AND ACTIVITIES
The Trustees have paid due regard to the guidance issued by the Charity Commission in deciding what
activities the trust should undertake.
The main objectives of the trust are as follows..
The advancement of religion in accordance with the tenets and d(Ktrines of Islam.
b. The advancement of education.
The relief of poverty. sickness and distress amongst elderly members of the community,
counselling and in such other ways as the Trustees may decide.
d. Thc provision of facililics for rccrcation and the Icisurc-time occupalion with the objective
of improi'ing the conditions of life of those metnbers of the community which use them.
To promote such othcr charitablc pUT￿Se5 a5 may from time to timc bc determined.
Public Benefit
The Tnjstees have complied with the duty in section 17(5} of the Charities Act 2011 to have due regard to
guidance published by the Charity Commission with regard to public benefit.
ACHIEVEMENTS AND PERFORMANCE
EIC AL-MASJID Trust is one of the laigest mosquesllslamic centres in North London, and is attended by
over 10,000 people per week. There are regular cOng￿£2(lon$ as well as other vital functions to cater for
the local Muslim population and beyond. The Trust has seen a significanl rise in worshippers from different
ethnic backgrounds, making it one of the very few mosques in the area that have such multi-cultural
communities coming together. The Trust provides a complete funeral seTr'ice in line with the teachings of
Islam.
The reputation of EIC AL-MASJID Trust cndcavours to providc the IKst servicc for its users to ensure that
the number of users is always on the increase.

EIC AL-MASJID TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 21123
Financial Review
The incoming resources for the year amounted to £847,122 (2022= £695,257)- This is an increase following
gradual recovery from the COVID-19 pandernic since 2020. EIC AL-MASJID Trust is still extremely
gratefi]I to all the supporters and expects the same support in the future.
Within incoming resources is £134.340 (2022= £134.340) ielating to rent received from the letting out of
the Charity's investtnent pioperty.
The Charity held the following events in the year-
Funeral scTr'ices
Daily and ivcckly praycr5
E-consultation counselling services on marital, familial, religious and other personal
15SUCS.
Ramadhan additional prdyers
Monthly food bank service
Op¢n 'lftsar' cvent
Adhoc leCtur￿Seminar addressing contetnporary subjects
Weekly youth activities
School visits
EngagcTnenl with Safcr Neighbouiho(bd ieam
Family Fun day event
Youth Conference
Saturday and Sunday Youth ¢lub
Various Lectures and SeminaTS
Eid dinner
The Centre provided private counselling sessions wilh the imams including marriage counselling, and
advice on different aspects of Islam. The Cenire also organised visits by the imams and oiher worshipers to
patients in local hospitals at ihe request of the hospitals, Ihe paiients and family members. The Charity also
played an active role in the North London Muslim council.
Adult Arabic and Quran classes wcre also providcd on a regular basis throughout the year.
EApendilure on charitable activities in the year aTnouni 10 £490,933 (2022= £289.692) whilst total
govemance cosis incurred in ihe year came io £12,889 (2022= £19,657). Lasi year, the properties of the
Chariiy had been revalued which resulted in a revaluaiion gain of£i,87221 l. The Trust held fund balances
as at 31 December 2023 of £8,296,933 {2022.. £7,953,633), comprising of a fixed asset fund of £1,463,656
{2022.. £1,463,656), an unrestricted fund of £6,809,055 (2022= £6,465,755) and a restricted fimd of £24,222
{2022.. £24,222). These funds include cash reserves of £1.406,974 (2022.. £1.232,375) at the year-end.

EIC AL-MASJID TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 21123
Outlook for 2024
In the coming year, the Trust is expected to continue with its fimdraising activities to improve facilities for
its users especially for the ladies and the youth. The wudhu and toilet facilities in the back part of the
mosque have been refurbished in the year. The refurbishment plan will carry on in 2024 with the Midhu
and toilct facilitics in thc front part of thc mosquc.
Roof for all buildings require extensiN'e repair. A part of the mosque building has been attended to and the
rest of the investment property still requires repair. The [n￿te¢S are getting several quotes before making
the final decision on the firm to engage for these works.
The Trustees are looking to hold the following activities in 2024=
School visits
Engagemeni with Safer NeighboUrhO￿
Food Bank
Family Fun day event
Youth Conference
Saturday and Sunday Youth ¢lub
Various Lccturcs and Scminars to bc held
Breakfast club for the local community
Reserves policy
The Trustees have not yet fomialised a specific reserves policy, beyond the requiremen( that reserves levels
are regularly monitored to ensure that sufficient reserves are maintained to meet anticipated future needs.
Investment policy
The Charity has no investsnenls apart from thai of an investment pioperty and cash deposits Tetained with
major UK retail banks.
Trustees, responsibilities statement
The financial statements have been prepared in accordance with the accounting tK)licies set out in notes to
the accounts and comply with thc charity's govcrning documcnL thc Charities Act 201 l and Accounting
and Rcporting by Charitics.. Statcmcnt of Rccommcndcd Practicc {SORPI applicablc to charitlcs prcparing
their accounts in accoidance with the Financial Reporting Standaid applicable in the UK and Republic of
Ireland {FRS 102).

EIC A￿￿A&jID TRUST
TRUSTEES* REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Tru5tees' ruponslbllAtAes statement (wnlinu¢d)
Charity law r¢quir¢s the Tn￿teeS to ptepare financial statements for each financial year which give a ttue
and fair vi¢w of the slate of affairs of the cFtsn"ry at the end of the finallc1￿ year alld of its surplus or deficit
for the flljallciai y¢ar. In doing so the Tnts are required to..
seleA suilable accounting poh.cies and therl apply them ¢onsist¢ndy.
observe the methods and principles in the Charities SORP.
make judgements and estinlltes are reasonable and pn￿￿(
state whether applicabl¢ a￿oUnting 5tand8rd5 8nd stat¢wnents of [t￿Mmended practice have
b¢¢n followe& subject to any material departwes discl¢)sed and explained in the financial
stat¢m¢nts" and
prepare the financial siatements on the going concern b&8is unl¢ss it is in8ppropriat¢ to
presume that th¢ ¢haTity will continue in op¢rdti
The Truste¢5 are respoDsible for keeping proper records which diKlose with re&8onable accuracy the
financial position of the charity and enable them to ensure that the fjnanciai statements comply with the
Charities Act 2011. the Charity (Accounts and Reports) Regul￿10￿5 2008 and the provisions of the lThst
deed They are also reswnsible for safeguardmg the charity's assets and bence taking re&sonable steps for
the prevention and d¢l#tion of fraud and breaches of law and regulatiotLs.
The Trnstees are responsible for th¢ maiDt¢Dan¢¢ and integrity of th¢ ¢h8rity and th¢ finowial IJ)formation
included on the charity's w¢bsite. Legislation in the United Kingdom governing the preparation and
d]￿emInatt.oll of finanei#l staiemcnts may differ frotn legislation in other jurisdictions.
Statement of dlscloJur¢ to the auditor
So far as the Trnste¢s ar¢ awate..
there is no rel¢van¢ audii Inforn￿tion of which the cbaTity's auditor5 are unaware" and
they have taken all the steps that they Oll￿t to have tsken as Trustees in order to make
then)selves aware of ally relevant audit infornydtion and to estsblish that the ¢harity's #uditots
are aware of ihat infonnation.
A￿dItorS
A ￿olutiOn will be prOP￿d at the Amwal Genernl Meeting that UHY H#¢ker Young be r¢apFrf)iDted as
auditors to the ¢h4rity for the ensuing year. Approved by the TnL4ttts on 17 October 2024 and signed on
their behalf by:
Rizwan Sanvar Butt
Chalrm•

INDEPEF4DENT AUDITORS, REPORT TO THE TRUSTEES OF EIC AL-MASJID TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Opinion
Wc havc auditcd thc financial statcmcnts of EIC AL-MASJID Trust (Ihc 'Charity'l for thc ycar cndcd 31
Dcccmbcr 2023 which comprisc thc Statcmcnt of Financial Activitics, thc Balance Shcct. thc cashflow
statement and the notes to thc financial staiancnts. including a suTnmary of significant accounting policies.
The financial Iq)orting fraTncwork that has b¢cn applicd in their prcparaiioT] is applicable law dnd United
Kingdom Ac¢ouniing Standards, including Financial Reponing Sthndard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generdlly Accepted Accounting
Practice),.
In our opinion the financial statements..
give a trne and fair view of the state of the Chariry's affairs as at 31 December 2023 and of its
incoming resources and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice- and
have b¢¢n prepared in ac¢ordan¢e with the requiremenis of the Charities Act 2011.
Ba515 for opinion
We conducted OUT audit in accordance with International Siandard5 on Auditing (UK) {ISAs (UK)) and
applicable law. Our rcsponsibilitics undcr those Standaid5 arc furthei dcscribcd in the Auditots,
responsibilities for the audit of the financial staiements section of our report. We are independenl of the
Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements
in ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusion5 relating to going concern
In auditing the financial statemcnts. ￿'e have concludcd that the trustce5' use of the going concern basis of
accounting in the pieparation of the financial statement5 is appropriate.
Based on the work we have perfonned, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to
continue as a going concern for a period of at least twelve rnonths from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the tntsiees wilh respeci to going concern are described in
the relevant sections of this report.
Other information
The other inforn)ation comprises the inforniatton included in the annual report, other than the financial
statements and our auditors. report thereon. The Trustees are restrt)nsible for the other inforniation. Our
opinion on the financial statements does not cover the other inforniation and we do not express any forni of
assurancc conclusion thcrcon.

INDEPEF4DENT AUDITORS, REPORT TO THE TRUSTEES OF EIC AL-MASJID TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Our rcsponsibility is to rcad thc othcr inforn]ation and. in doing so. considcr ivhcthcr thc othcr inforniation
is matcrially inconsistcnt with thc financial statcmcnts or our knowlcdgc obtsincd in the audit or othcnvisc
appear5 to be Tnaicrially misStat¢d. If wc idcntify such maicrial inconsistcncic5 or apparent Tnalcrial
misstatements. we ale rcquircd to dctcrtnine whcthci Ihcrc 15 a rnatcrial Jnis5tatcincnl in the financial
statements ihemselves. If, based on ihe work we have perfom)eiL we conclude (hai there is a malerial
misstatement of this other inforn)ation, we are required to report that fact.
We have nothing to report in this regard.
Matter5 on Mhich we are required to report b!. exceptio
In the light of the knowledge and understandin¥ of ihc charity and its eniironmenl obtained in the course of
the audit, we have noi idcntificd material TniSStatCTncnls in ihe Ttusiees, ieport.
We have nothing to report in respect of ihe following matters in relation to which the Charities A¢t 2011
requires us to report to you if, in our opinion..
the infonnation given in the Tnjstees, Report is inconsistent in any material respect with the
financial statements- or
su￿]ctent accounting records have not been kepi. or
Ihc financial statements ate not in a￿￿e¢￿ent with the accountin¥ Tecords and Teturns" or
wc have not rcceivcd all thc inforniation and cxplanations wc requiTC for our audit.
Responsibilities of irustees
As explained more fully in the Statemeni of Tn￿le¢s, Responsibilities, the Trllstees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
trustees detennine is necessary to enable the prepardtion of financial S￿tements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statCTnents. the Trustees ore reswJnsibl¢ for assessing the Charity's ability to
continue as a going concern, disclosin& as applicable, matters related to going concern and using the going
concern basis of ac¢ouniing unless the In￿tee$ eiiher intend io liquidaie the Chari(y or to cease operations,
or have no realisiic alternative but to do so.

INDEPEF4DENT AUDITORS, REPORT TO THE TRUSTEES OF EIC AL-MASJID TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Auditors, responsibilities for the audit of the financial statements
Wc havc bccn appointcd as auditors undcr scction 144 of thc Charitics Act 2011 and rcport in accordancc
with regulations madc undcr scction 154 of that Act.
Our objcLtivcs are to obtain icasonablc a5surancc aboul whcthci the financial siatcTnenl5 as a whole arc frce
frotn material misstaiement, whether due to frnud or error, and io issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstaiement when it exists. Misstatements can
arise from fraud or error and are considered material if. indi￿]duallY or in the aggregate, they could
reasonably be expected to influence the economic decisions of users tsken on the basis of these financial
statcmcnts.
Irregularities, including fraud, ale instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. io detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are ¢apable of detecting irregulariiies,
including fraud, is detailed below.
Based on our understanding of the Charity and the industry in which it operates. we identified that the
principal risks of non-compliance with laws and rcgulations rclaied to thc acts by the Charity, i¥hich wcrc
contrary to applicablc laws and rcgulations including fraud. and wc considered the extent to which non
compliance might have a material effeci on the financial statements. We also considered those laws and
regulations that have a direct impact on the preparaiion of the financial statements such as the Charities Act
2011. W¢ evaluaied management's inceniives and oppominities for fraudulent manipulation of the
financial statements (including the risk of override of controls), and detennined that the principal risks were
related to inflated income.
Audit procedures perfornied included= review of the financial statemeni disclosures to underlying
supporting documcntation. cnquirics of managcmcnt and tcsting of journals and evaluating whcthcr therc
was evidence of bias by the Trusiees thal represented a risk of maierial missvdtement due lo fraud.
There are inherent limitations in the audit pmcedures described above and the further removed non
compliance with laws and regulations is from the events and Iransaciions reflected in the financial
statements, the less likely we would become aware of it. Also. the risk of not detecting a material
misstatcmcnt duc to fraud is highcr than thc risk of not dctccting onc rcsulting from crror, as fraud may
involvc dclibcratc conccalmcnt by, for cxamplc, forgcry or intcntional Inisrcprcscntalions, or through
collusion.
A funher description of our responsibiliiies for the audit of the financial statements is located on the
Financial RerK)rting Council's website at= http=Ilwww.frc.org.uklaudiiorsresponsibilities. This description
fonns part of our auditor's report.
io

INDEPENDENT AUDrroRS' REPORT TO THE TRUSTELS OF EIC A￿mASJTD TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Use of our report
This report is made solely to the Charitys tnLStees. &$ a b￿ly. in accordance with Chariti¢s A¢t 2011. Our
audit work has been undertaken so that we migbt state to the those mattths w¢ ar¢ requireAJ to state
to them in an auditors, report and for no other purpose. To the fvllest extent perniitt¢d by law. we do not
accept or assume resp)nsibility to anyon¢ other than th¢ Cl)aTity and its trustees a5 a EM)dy* foT our audit
work. for this TeporL or fot tbe opinions we have forni
acker Young
Stabjtory Auditor
Quadrani House
4 Thomas More SquaTe
Lknndon
Elw IYW
Date: 2L ortober 2024
UHY Hacker Young LLP 15 eligible to xt as an auditOT of the Charity by virtue of its eligibility for
4ppointm¢nt 45 auditor of a company undeT sethion 1212 of the Cwanies Act 2(N)6.
li

EIC AL-MASJID TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Notes
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total funds
2022
Income and endowmellts from:
Voluntary ineumc
Activities foi generating funds
Other income
692.907
10.875
134.340
692.907
19.875
134,340
540,456
20.461
134.340
9.000
Total
838,122
9,000
847,122
695,257
Expenditure on:
Charitable activities
Others
481.933
12.889
9.000
490,933
12.889
289,692
19,657
Total
494,822
9,000
503,822
309,349
Net expenditure
343,300
343,300
385,908
Other recognised gains:
Net gains on investment properties
Revaluation of fixed assets
1,200,000
672,211
Net movement in funds
343,300
343,300
2,258,119
Recollciliation of funds
Total funds brought fotivard
6,465.755
1,487,878
7,953,633
5,695.514
Total funds carried foThard
6,809,055
1,487,878
8,296,933
7,953,633
There are no recognised gains or losses oiher ihan ihose included in ihe Statement of Financial Activities.
All incoming resour¢es and resour¢es expended derive from continuing activities.
12

EIC AbMA&JID TRUST
BALANCE SHEET
S AT 31 DECEMBER 2023
Notes
2023
2022
FRx¢d #s$¢ts
Tangiblc a55¢ts
Iuv¢s4n¢nt prop¢ty
io
li
3.320.117
3,600.000
3.133,536
3,600,(M)O
Totsl fix￿ I￿*ts
6.920.117
6.733.536
Current a&gets
tkbtors
Cash at bank artd in l)aDd
12
140.613
1,406,974
137.395
1.232.375
Total current assets
1547.587
1,369.770
Liabilities
Creditors: amounts due
withill one year
13
(170,771)
(149,673)
Net ¢urrellt 9$8tts
1.376.816
1220.097
Total w¢ts le58 curreDt liabilities
8296.933
7.953.633
The fuDds of the chartty:
Unrestrlrted fundj
Unrestricted revenue accumulated
Revatuation reserves
14
14
4.936.844
1,872.211
4,593,544
1,872,211
6.809,055
6,465,755
Restrlcted IDcome funds
Restricted Tevenue accumulated
Restiicted capital funds
Restrftcted f￿ed asset fimds
14
24222
24222
14
1,463,656
1.463,656
Total cbarity funds
8296.933
7.953.633
Th¢ financial s¢at¢ments were 4wved by th¢ Board of TnLs*es on 17 October 2024 and were signed on
its b¢half by:
Rizwan S2n¥ar Butt
Chalrmatt
13

EIC AL-MASJID TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
Note5
2023
2022
Cash flows from o
ratin
aetivities:
Net cash provided by opernting activities
16
369,757
394,525
Cash flows from investin
actiiities:
Purchase ot. property. plant and equipmenl
Proceeds from disposal of property, plant and equipment
(195,158)
(9,560)
1,801
Net ¢4sh usedin investtng 4elivities
(195,158)
(7,759)
Change in cash and cash equivalellts
174,599
386,766
Cash and cash equivalents brought fonyard
1,232.375
845,609
Cash and cash equivalents carried fornard
17
1,406,974
1,232,375
14

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Ba.¥i.g ofprepdrotEOn
The financial statements have been prepared in accordance with Accounting and Reporting by
Charitics= Statcmcnt of Rccomtncndcd Practicc applicablc to charitics prcparing thcir accounts in
accordance with the Financial Rcponing Standard applicable in ihc UK and Republic of Ircland
(FRS102) - {Charites SORP IFRS 102)). the Financial Reportin¥ Standard applicable in the United
Kingdom and Republi¢ of Ireland IFRS 102) and the Charities act 2006. The Trust constitutes a
piibli¢ benefit entlly as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the trust.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statcmcnts have bccn prcparcd under thc historic cost convention, exccpt for the
investmeni property which is held ai fair value. A sumTnary of ihe principal accounting policies
adopted {which have been applied consistenily, except whete noted), judgements and key sources of
estimation un¢enainty, is sei out below.
b)
Irtcoming resources
All incoming resources are recognised when the trust has entitlement to the funds, certainty of the
receipt and the amount can be measured with su￿1clent reliability.
Dovalions
Donaiions are recognised on a receivable basis where there is certainty of receipi and the amount can
be reliably measured.
Other trudin
aetitrities
Other income, including the hire of facilities. is recognised in the year it is receivable and to the
extent the goods have been provided or on the completion of the service.
Resources expended
Liabilities are recognised as expendiiure as soon as there is a legal or constmctive obligation
committing the charity to that eX￿nditure, it is probable that settlement will be required and (he amount
of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All exFenses. including support costs and
governance costs. are all(￿ated or aptK)rtioned to the applicable expenditure headings. For more
infornmtion on this attribution refer to note 5 below.
Irrecovernble VAT is charged against the calegory of resources expended for which it was incurred.
These are ihe costs incurred in the operation of the Tn￿t.
Other cosls
Othcr costs comprisc all costs involving thc public accountability of ihc Charity and its compliance
with regulation and good practice, including the siatutory audit and legal fees. All resources
expended are inclusive of irrecovernble VAT.
15

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies {continued)
d)
Inveslmenlproperty
Invc5tmcnl propcrty is included in the balance sheet ai iheir open markei value and is not
depreciated.
Depreciotio
Depreciation is pmvided on all tangible fixed assets, other than freehold land and buildings, at rates
calculated to write off the cost, less estimated residual value, of each asset evenly over its expected
useful life as follows..
Motor vehicles
Fixture and fittings
25 /0 on reduciTJg balance basis
15 /0 on reducing balance basis
No depreciation is charged on freehold land and buildings as Trustees are of the opinion that the
property has been well maintained and the value of the property has increased.
Fund accouiiting
Unrcstrictcd incomc funds rcpresenl thosc rcsources which Tnay be used towards mecting any of the
charitablc objcctivcs of the Trust at thc discrction of thc Trustccs.
Restricted fixed assets funds are resources which are io be applied lo specific capital purposes.
Restricted general funds comprise all the resources which are to be applied for specific purposes for
which the donors haN'e contributed to.
Criticalj14dgements - Waliiation ofiiiveslmenlpropertiy
Invc51mcnl propcrtics arc valued annually at fair i'alue. Fair valuc is asccTtained through a rcview of
a number of factors and infomaiion flows, including markei kno￿,1tdge, recenl market movements,
receni sales of similar properties, historical experience and rent levels.
There is an evitable degree of judgement involved and value can only reliably tested ultimately in the
market itself.
Donatioll5 and legaeies
Unres¢rieted
Funds
Restricted Total Fmnds Total Funds
Funds
2023
2022
Donaiions and gifts
Funeral facility
547,395
145,512
547.395
145,512
436,826
103,630
692.907
692,907
540,456
16

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Other trading aCti￿tieS
Unrestricted
Fund5
Restricted Total Funds Total Funds
Fund5
2023
2022
Hall and stalls hire
Huffaz collection
Others
9.125
9,125
9.000
1,750
11.024
4,570
4,867
9,000
1,750
10.875
9.000
19,875
20,461
Investment income
Unreslricted
Funds
Restricted Total Funds Tolal Funds
Funds
2023
2022
Rcnt from invcstmcnt propcrty
134.340
134,340
134,340
134.340
134,340
134,340
Expenditure on charitable actiiities
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2023
2022
Direct costs
Provision of funeral facilities
Staff costs {including NIC)
Temporary staff costs
Ramadhan and food bank cxpcnscs
Huffaz Hadiya
Loss on disposal of fixed asset
36,313
227,079
24,062
16.370
36,313
227,079
24,062
16,370
9,000
17,811
184,055
12,005
4,570
113
9.000
303,824
9,000
312,824
218,554
17

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure on charitable actiiitie5 {continued)
Unrestricted
Funds
Restricted Total Funds Total Fund5
Funds
2023
2022
Allocated support costs
Advertising and promotion
Premises costs
Office expenses
Financc paymcnts
Sundry expenses
Depreciation
324
151,539
4,645
787
12.238
8.576
324
151,539
4,645
787
12.238
8.576
1,750
49,179
2,413
756
4,403
12,637
178,109
178,109
71,138
Total costs
481,933
9,000
490,933
289,692
Governance costs
2023
2022
Auditors, remuneration
Legal and professional fees
11,889
1,000
8,450
11,207
12,889
19,657
Staff eosts
2023
2022
Wagcs and salarics
Social security cost5
Pension costs
212,674
13.132
1.272
174,582
8.760
713
227.078
184,055
No cmployccs rcccivcd rcmuncration in cxcc5s of £￿.(m￿) during thc ycar. Thc avcragc numbcr of
employees during the year was 9 (2022= 9).
18

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Transactions with Trustees
Mr Mushfiquc Uddin. onc of thc Tru5tccs of EIC AL-MASJID Trust. has an intcrcsl in Ebrahim
Community Collcgc. to which EIC AL-MASJID Trust ha5 given a loan {Rcfer to notc 12). Mr
Mushfique is a trustee of EbrahiTn Community College.
One of the Charity's Trustees, Mohammad Azizul Hoque is also a Trustee of Aid International UK
which provides educational seTr'ices using the Charity's premises and voluntarily donated £1 1,000
(2022.. £11,000) in the year. Both Mohammad Azizul Hoque and Mohammad Shahidul Hoque (also
one of the Charity's Trustees) are also employees of Aid International UK.
No other related paty transactions took place during ihe peTiOd.
Auditors, remuneration
The remuneration constituted an audit fee of £l1.889 {2022= £8,450).
10 Tangible fixed assets
Freehold
land and
buildings
Fixture,
Motor Fittings and
vehicles
Equipment
Total
Cost
At l January 2023
Additions
3,055,000
61,390
19,475
254,683
133,768
3,329,158
195,158
At 31 Dccember 2023
3.116.390
19.475
388.451
3,524.316
Depreciation
At l January 2023
Charge for the year
14,804
1,168
180,818
7,409
195,622
8,577
At 31 Dcccmbcr 2023
15.972
188,227
204,199
Net book value
At December 2023
3,116,390
3,503
200,224
3,320.117
At December 2022
3,055.000
4,671
73,865
3,133,536
Thc historical cost of thc frcchold land and buildings was £2.444.179 (2022= £2.382.789}.
19

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
li
Investment property
Fair value at l January 2023 131 DeceTnber 2023
3,600,000
The Trustees assess the fair value of the investment properties comparing the current value to the
market value at the period end. taking into considerdtion a repon provided by an external valuer.
The histotical cost of the property was £2.400,0(M) (2022: £2.400.000).
12
Debtors
2023
2022
Othcr dcbtors
Ebrahim Community Collcgc Loan {Charity No.1108141)
Madni Trust Loan (Charity No.1022471)
Sopwell Communily Loan {Charity No. 1156299)
Southgate Mosque (Charity No. 1201327)
49.113
11.500
20,0(M)
i 0,000
50,0
94.895
12,500
20,000
10,000
50,000
140.613
137,395
13 Creditors: amounts falling due within one yegr
2023
2022
Tradc Crcditors
Qatzc Hasna loans
AcLrued expenses
Othcr laxc5 and social secuTity
Other creditors
21.610
30.5(K)
8,755
9.221
100,685
30,500
7.171
12.002
i 00,000
170,771
149,673
20

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14
Movement in funds
At
l JanuarTr
2023
Incoming Resources
At31
Re50urce5
Expended December
2023
Unrestricted funds
General funds
Revaluation reserve
4.593.544
,872.211
838,122 (494,822) 4,936,844
1,872,211
6,465,755
838,122 (494,822) 6,809,055
Re5trieted revenue funds
Funcral scrvicc
Children's Hospice
Huffaz Hadiya
19.057
5.165
19,057
5,165
9,000
(9,000)
24,222
9,000
(9,000)
24,222
Restricted fixed assets funds
Capital funds
.463.656
,463,656
Total funds
7,953.633
847,122 (503,822) 8,296,933
15
Analysis of net assets by funds
Unrestrided Restrie¢ed
funds
funds
2023
2023
Total
funds
2023
Fixed assets
Current assets
Creditors amounts falling due within one year
5,456,461 1,463,656 6,920,117
1,523.365
24222 1,547,587
{170.7711
{170,771)
6.809,055 1,487,878 8,296,933
21

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 21123
16
Reconciliation of net movement in fulld5 to llet cash flow from operating actiiTrties
2023
2022
Net movement in fvnds
Less.. Revaluation gain
Add back.. Depreciation charge
Add back.. Loss on disp)sal of fixed assets
Incrcasc in dcbtors
Incrcasc in crcditors
343,3(K)
2,258,119
(1,872,211)
12,637
113
(7,161)
3,028
8,577
13,218)
21,098
Net cash provided by operating activities
369,757
394,525
17 Analysis of cash and cash equivalell¢s
2023
2022
Cash in hand
1,406,974
1,232,375
Total cash and cash equivalellts
1,406,974
1,232,375
22

EIC AL-MASJID TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ELYDED 31 DECEMBER 2023
18
Comparalive Siatement of Financial Activities
Unrestricted Restricted
funds
funds
Total
funds
2022
2022
2022
Income and endowments from:
Donations and ￿[IS
Other trading activities
Investments
540,456
15,891
134,340
540.456
20,461
134,340
4,570
Total
690.687
4,570
695,257
Expenditure on:
Chariiable activities
Others
285,122
19,657
4,570
289,692
19,657
Total
304,779
4,570
309,349
Net Expenditure
385,908
385,908
Other recognised gains:
Nct gains on ini'cstmcnt properties
Revaluation of fixed assets
1,200,000
672,211
1,200,000
672,211
Net movement in funds
2.258,119
2,258,119
Reconciliation of funds
Total fL￿d5 brought fO￿ard
4,207.636
1,487,878
5,695,514
Total funds carried fonvard
6,465,755
,487,878
7,953,633
23