##
|CONTENTS|||
|---|---|---|
|Contents|||
|Corporate
Details|||
|Trustees'
Annual
Report|||
|Objects and Public Benefit|||
|Activities|||
|Strategic Report|||
|Achievements
and Performance|||
|Plans for the Future|||
|Financial
Review||12|
|Structure,
Governance|and Management||
|Statement ofTrustees'|Responsibilities|13|
|Independent
Auditor's|Report|15|
|Statement of Financial|Activity|18|
|Statement of Financial|Position|19|
|Statement ofCash Flows||20|
|Notes to the Financial Statement||21-30|
##
|Registered|Registered|Name|East London Mosque Trust||||
|---|---|---|---|---|---|---|
|Working|Names||East London Mosque||||
||||London
Muslim Centre||||
|Company||Number|00468317||||
|Charity Number|||1122613||||
|Trustees|(Directors)||Ayub Khan —Chairman||||
|(on the date||the report|Abdul-Hayee
Murshad —Honorary Secretary||||
|was approved)|||Syed Tohel Ahmed —Treasurer||||
||||Abdullah
Faliq||||
||||Harun
Rashid
Khan||||
||||Hussain
Muhammad
Shefaar||(resigned 08.12.2022)||
||||Ibrahim
lan Thompson||(appointed 27.07.2023)||
||||Mahera
Ruby||||
||||Muhammad
Habibur
Rahman||||
||||Ruhana
Ali||||
||||Salma Siddiqua||||
||||Sayeda Anzumara
Begum||||
|Registered||Office|82-92 Whitechapel
Road, London, E1 1JQ||||
|Statutory|Auditors||Abacus Partners
(Ldn) LLP,||||
||||Unit A, Abbotts Wharf, 93Stainsby Road, London,|||E146JL|
|Main Bankers|||HSBC, 1-3Bishopsgate,
London||EC2N 3AQ||
||||Al Rayan Bank, 24A Calthorpe|Road, Birmingham||B151RP|
||||Barclays Bank Pic, Leicester LE872BB||||
|Solicitors|||Lee Bolton Monier-Williams
Solicitors,
1 The Sanctuary,
London SW1P 3JT||||
||||Lincoln's Chambers
Solicitors,|108a Whitechapel||Road, London E1 1JE|
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||||EAST LONDON|EAST LONDON|MOSQUE TRUST|MOSQUE TRUST|||
|---|---|---|---|---|---|---|---|---|
||||(Company
Limited by Guarantee)||||||
|CONSOLIDATED
STATEMENT|||OF FINANCIAL|ACTIVITY (INCORPORATING||THE|INCOME 8 EXPENDITURE|ACCOUNT)|
||||FOR THE YEAR ENDED 31 MARCH 2023||||||
||||||||Total|Total|
||||Notes|Unrestricted|Restricted||2023|2022|
|II~I R
5||||f|f||f|f|
|Donafons and Legacies||||1,576,689|2,025||1,578,914|1,316,287|
|Ac6vifes for Genera5ng
Funds||||604,783|||604,783|546,771|
|Inveslment
Incorre||||945,046|||945,046|885,141|
|Income 5'om Chariabte
Ac5vi6es||||269,048|1,667,055||1,936,103|1,456,062|
|Olhers Incomng Resources||||46,916|||46,916|189,741|
|Total lncomIng
Resources||||3,442,682|1,669,080||5,111,762|4,394,002|
|Resources
Ex ended|||||||||
|Fundraising
Coals||||266,484|||266,484|210,664|
|Investnent
Managermnt
Costs||||299,690|588||300,278|215,289|
|Charilable
Ac5vi5es Cosh|||10|1,270,565|1,707,797||2,9/8,361|2,439,541|
|Support coals||||738,348|||738,348|645,877|
|Governance
cosh||||105,170|||105,170|69,016|
|Total Resources Expended||||2,680,257|1,708,385||4,388,641|3,580,387|
|Net income/Deficit
Before Fund Movements||||762,425|(39,305)||723,121|813,614|
|and exceptional
items|||||||||
|Gross Transfer
Bebveen Funds|||24|3,378,765|(3,378,765)||||
|Net Movement
before other|recognised|gains|and losses|4,141,190|(3,418,070)||723,121|813,614|
|Inpaimsnt
ofinvestment|||Note 30|(1,000,000)|||(1,000,000)||
|Gains/(losses)
on revaluation|ofFixed asseb||13|46,320|||46,320||
|Net Movement
In Funds||||3,187,510|(3,418,070)||(230,559)|813,614|
|Reconciliation
offunds:|||||||||
|Toad Funds Brought Forward||||32,999,872|4,365,209||37,365,081|36,551,467|
|Total Funds asat 31 March 2023||||36,187,382|947,140||37,134,522|37,365,081|
|A5 lhe ac5vites oflhe company|are from con5nuing||opera6ons.||||||
##
|||||Total||Total|
|---|---|---|---|---|---|---|
|||Note||2023||2022|
|||||6||6|
|Fixed Assets:|||||||
|Freehold
Land and Bugdings||13||13,970,977||13,341,232|
|Leasehold
Land and Buildings||13||10,456,034||10,456,034|
|Investnent
Propertes||13||16,099,751||16,049,751|
|Ftxtjres, tgngs and equiprrent||13||433,299||453,681|
|Olher invesimenh||||538,933|||
|Inveslment
In Subidiaries||||1|||
|||||41,498,995||40,300,699|
|Current Assets:|||||||
|Slock|||2,863||3,027||
|Debfors &prepayrrenh||14|1,158,332||825,535||
|Cash atbank &in hand|||1,536,354||2,736,054||
||||2,697,549||3,564,616||
|Current
Liabilities:|||||||
|Amountfalling
due wilhin one|year|15|3,598,376||3,221,139||
|Net Current Assets' (Liabilities)||||900,826)||343,477|
|Total Assets less Current|Liabilities|||40,598,169||40,644,176|
|Creditors:|||||||
|Amounthltng
due ater one year||16||3,463,647||3,279,095|
|Total Net Assets||||37,134,522||37,365,081|
|Funds
ofthe Charity|||||||
|Reskfchd Funds||21||947,140||4,365,209|
|Unreslrirted
Funds||22|||||
|General Funds|||236,274||1,453,265||
|Designated
Funds|||35,951,108|36,187,382|31,546,607|32,999,872|
|Total Funds as at 31 March 2023||||37,134,522||37,365,081|
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Notes||f||f|
|Cash from Operating
Activities|||||||||
|Operafng
Surplus / (Defcg)|||||723,121||813,614||
|Rent from inveslmenh|||||(944,017)||(883,069)||
|Depreaaton|||||74,874||80,646||
|Olher Investnent
Incorrs|||||(1,029)||(2,068)||
|(Gain)/Loss on Ihed asset disposal|||||||||
|(Increase)/Decrease
in Deblors|||||(332,797)||11,232||
|(Increase)/Decrease
in Slock|||||164||422||
|Increase/(Decrease)
in Credibrs|||||367,660||275,840||
|Cash from Operations|||||(112,025)||296,617||
|Net Cash Generated
from Operations||||||(112,025)||296,617|
|Cash from Investment
Activities|||||||||
|Purchase
ofTangible Fixed Assels|||||(687,917)||(122,088)||
|Investnenb
purchased|||||(1,538,933)||||
|Fixed assels disposal|||||||||
|Renls frominveslmenls|||||944,017||883,073||
|Interest/
Proft on investnent|||||1,029||2,068||
|Net Cash Inflow/outflow|from|investment|Activities|||(1,281,804)||763,053|
|Cash from Financing
Activities|||||||||
|Increase/(Decrease)
ofBank Loan|||||(142,720)||(141,068)||
|Increase/(Decrease)
ofQard Hasanah||(Privale Loan)|||336,850|194,12g|(262,641)|(403,709)|
|Net increase/(decrease)|in Cash and Cash||Equivalents|||(1,199,700)||655,957|
|Opening
Cash and Cash Equivalents||||||2,736,054||2,080,097|
|Closing Cash and Cash Equivalenis||||||1,536,354||2,736,054|
|Reconciliation:|||||||||
|Cash at bank and in hand||||||1,536,354||2,736,054|
|||||||1,536,354||2,736,054|
##
##
##
##
##
|Z.|Legal status ofthe charity|Legal status ofthe charity|Legal status ofthe charity|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The charily is a company|kmitsd by guarankre|||and has no share capilat|||In 8&e event ofthe||chariiy|being wound|up, lhe|liabity|in respect oflhe||
||guarantee
is li&nted iof10for each member|||oft&a charily.||||||||||||
||Incoming Resources|||||||||||||||
|3|Donations
and Legacies|||||Note|Unrestricted||Restricted||2023||||2022|
|||||||||E|s||||||z|
||General Donatons|||||||1,191,532|||1,191,532||||956,314|
||Baraka Khan Visitor Centre|||||||||||||||
||A&oil'Ning
Pro/act|||||||||2,025|2,025||||5,558|
||MyELM|||||||14,860|||14,860||||12,124|
||DOME/Phase
2|||||||288,645|||288,645||||241,672|
||GitAid|||||||81,852|||81,852||||100,619|
|||||||||1,576,889||2,025|1,578,914|||1,316,287||
|4|Activities for Generating||Funds||||Unrestricted||Restricted||2023||||2022|
||||||||||||s||||s|
||Hall and Room Hire|||||||210,556|||210,556||||188,586|
||Fundraising
Actvites|||||||58,068|||58,068||||32,185|
||Digilal Fundraising
ind. websits|||||||251,170|||251,170||||256,226|
||Booksk&ll and sknlar sales|||||||31,739|||31,739||||21,741|
||Charity
pad&age sponsorships|||||||53,250|||53,250||||48,033|
|||||||||604,783|||604,783||||546,771|
|5|Investment
Income||||||Unrestricted||Restricted||2023||||2022|
|||||||||s|s|||||||
||Rent and Services Charges|||||||944,017|||944,017||||883,073|
||Profit on Bank Dsposils and||inveslmsnts|||||1,029|||1,029||||2,068|
|||||||||945,046|||945,046||||885,141|
|6|Income from Charitable|Activities|||||Unrestricted||Restricted||.2023||||2022|
|||||||||z|z||z||||s|
||"~Ed
I
IP
' ch|||||||||||||||
||AI Mizan School||||||||547,855||547,855||||454,752|
||London EastAcademy||||||||715,238||715,238||||574,336|
||ELM Evening Madrasah||||||||58,546||58,546||||68,330|
||||||||||1,321,639||1,321,639|||1,097,418||
||b
Contributons
io ELMThr||service use|||||||||||||
||Al Mizan School|||||||79,752|||79,752||||39,876|
||London EastAcademy|||||||101,056|||101,056||||50,528|
|||||||||180,808|||180,808||||90,404|
||Filr Fund||||||||80,070||80,070||||57,193|
||ZakatFund||||||||88,482||88,482||||81,545|
||yttrlfars
Fund||||||||118,886||118,886||||63,914|
||Counselling
Projeds||||||||36,719||36,719||||12,618|
||&Atntsr Food Project||||||||||||||13,750|
||Kid&sk&rkrr scheme||||||||||||||7,565|
||Burial Support||||||||||||||1,546|
||Ishm Awareness
Project||||||||21.259||21,259|||||
||Foodbank and Comnz&nity|Projecb|||||||||||||4,293|
||ltar and lfkat and Hulhz collsctons|||||||88,240|||88,240||||25,816|
|||||||||88,240|345,416||433,656||||268,240|
||Tot&i|||||||269,048|1,667,055||1,936,103|||1,456,062||
||Conlributons
by lhe schools||hr use ofELMT||hcititss are|within|lhe schools' coals in||Nots 10.The||current year indudes||prior deferred||conlribut&|
|7|Other incoming
Resources||||||Unrestricted||Restricted||2023||||2022|
|||||||||E|s||s|||||
||HMRC Job Rek&nton Scheme||||||||||||||147,783|
||User Groups' Conlributons|||||||3,155|||3,155||||5,000|
||Weddings
and Alkrskrtons|||||||28,900|||28,900||||30,950|
||Sundry|||||||14,861|||14,861||||6,008|
|||||||||46,916|||46,916||||189,741|
||Total!ncome||||||3,442,682||1,669,080||5,111,762|||4,394,001||
##
|8||Fundraising
Costs|||||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||k|
|||Salaries and Employer's|NIC||||98,459||98,459|89,600|
|||Fundraising
Events and|Campaigns||||152,633||152,633|109,802|
|||Bookstall and Similar Supplies|||||15,392||15,392|11,262|
||||||||266,484|—|266,484|210,664|
|9||Investment
Management||Costs|||Unrestricted|Restricted|2023|2022|
|||||||||E||E|
|||Salaries and Employer's|NIC|||13|86,625||86,625|77,002|
|||Premises Expenses||||13|162,638||162,638|89,943|
|||Insurance||||13|9,166||9,166|8,056|
|||Finance Charges|||||41,261||41,261|39,722|
|||Waqf Lid.||||||588|588|566|
||||||||299,690|588|300,278|215,289|
|10||Charitable
Activities|||||Unrestricted|Restricted|2023|2022|
||||||||f||K||
|||Educaflonal
Pro'eds|||||||||
|||Al Mizan School||||||531,933|531,933|444,309|
|||London EastAcademy||||||720,194|720,194|565,060|
|||Elm Evening Madrasah||||||75,440|75,440|74,369|
|||||||||1,327,567|1,327,567|1,083,739|
||"|Salaries and NIC - Imams and|||Religious support||180;704""||180,704|'170;355|
|||Welfare Fund Disiributon||||||92,467|92,467|36,889|
|||Counsellor Fees||||||37,105|37,105|48,028|
|||NHS Community
Investment||Scheme||||||15,400|
|||Filr Fund Dislributon||||||77,821|77,821|55,190|
|||Zakat Fund Disfributon||||||88,243|88,243|90,095|
||||||||180,704|295,636|476,340|4'I5,957|
|||Oiher Salaries and Employer's|||NIC|13|196,875||196,875|175,004|
|||Premises Expenses||||13|747,978||747,978|642,588|
|||Archiving
Expenses||||||15,892|15,892|23,687|
|||Baraka Khan Visitor Centre||||||4,672|4,672||
|||Winier Food Project||||||||6,249|
|||Burial Support||||||28,800|28,800||
|||Foodbank and Comnunlty||Support||||17,276|17,276|15,844|
|||Kickslarter scheme||||||7,565|7,565||
|||Islam Awareness
Project||||||10,389|10,389||
|||Iflar, liikaaf and Huffaz Expenses|||||85,284||85,284|19,574|
|||Publicalons
related
Io charitable|||events||13,751||13,751|16,015|
|||Web hosilng and digital hub|||||27,807||27,807|25,597|
|||Telephone,
Fax and Internet||||13|4,980||4,980|4,680|
|||Computers
and IT Expenses||||13|9,288||9,288|7,513|
|||Posiage and Slatonery||||13|3,899||3,899|3,095|
||||||||1,089,862|84,594|1,174,455|939,847|
||||||||1,270,565|1,707,797|2,978,362|2,439,541|
##
|11|Support and Governance|Support and Governance|Costs:||Note|Unrestricted|Restricted|Restricted|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||a) Support Costs||||||r.|||||
||Salaries and Employer's|NIC|||13|440,999|||440,999|392,008||
||Insurance||||13|18,332|||18,332||16,108|
||Telephone,
Fax and Internet||||13|4,980|||4,980||4,680|
||Computers
and IT Expenses||||13|9,288|||9,288||7,513|
||Postage and Statonery||||13|3,899|||3,899||3,096|
||Legal and Professional Fees|||||87,236|||87,236||62,233|
||Payroll service|||||161|||161|||
||Training
and Courses|||||8,905|||8,905||4,800|
||Book-Keeping and Accountancy|||||9,660|||9,660||8,800|
||Bank and Credit Card Charges|||||48,684|||48,684||43,788|
||Volunteer Expenses|||||4,968|||4,968||4,326|
||Subscription s|||||11,484|||11,484||8,531|
||Sundry|||||26,818|||26,818||23,961|
||Depreciation
on FF and|Equipment||||62,934|||62,934||66,033|
|||||||738,348||-|738,348|645,877||
||b) .Governance
Costs|||||||||||
||Salaries and Employer's|NIC|||13|63,000|||63,000||56,001|
||Legal lees|||||26,203|||26,203|||
||Audilor
remunera5on|||||9,160|||9,160||9,160|
||Meeiings and Training|||||6,807|||6,807||3,643|
||Trustee
Indemnity
insurance||||||||||212|
|||||||105,170||-|105,170||69,016|
||||||||'|||||
|||||||843,518||-|843,518|714,893||
||Total Expenses|||||2,680,257|1,708,385||4,388,642|3,580,388||
||||||||||Investment|||
|12|Allocation ofCosts:|||Ralio|Total|Support Costs|Governance||Mgt cost|Charitable|Aclivite.|
||a Charitable
Activities:|||||||||||
||Cleaner Salaries &Cleaning||Supplies|1:9|346,394||||34,639|311,754||
||Service Charges||||6,722||||6,722|||
||General Rates and Water|||1:9|69,999||||65,143||4,856|
||Lighling
and Heating|||1:9|265,203||||26,520|238,683||
||Repairs and Maintenance|||1:9|214,094||||21,409|192,685||
||||||902,411||||154,434|747,978||
||b Su
ortcosts:|||||||||||
||Computer
and IT Expenses|||1:1|18,576|9,288|||||9,288|
||Postage and Sta5onery|||1:1|7,798|3,899|||||3,899|
||insurance|||1:1|27,498|18,332|||9,166|||
||Salaries and Employer's|NIC||56:8:11:25|787,498|440,999|63,000||86,625|196,875||
||Telephone,
Fax and Internet|||1:1|9,960|4,980|||||4,980|
||||||851,330|477,497|63,000||95,791|215,042||
##
|Creditors:
Falling due within one year|2023|2022|
|---|---|---|
|||f.|
|Other Taxes and Social Security Costs|46,465|41,330|
|Trade Creditors|203,172|98,651|
|Rent and Hall Hire Deposits|148,016|117,142|
|Advance
Tuition Fees|363,964|532,255|
|Accruals and Deterred
Income|701,634|343,498|
|Unidentmed
schools receipts|22,155||
|Al Rayan (IBB)Bank Loan|190,367|180,789|
|Qard Hasanah
- Private Loan|1,893,873|1,893,873|
|Pension Contribu5ons|28,726|13,597|
||3,598,376|3,221,139|
|Creditors: Falling due after more than one year|2023|2022|
||E|r.|
|Qard Hasanah
- Private Loan|2,960,782|2,623,932|
|Al Rayan (IBB)Bank Loan|502,865|655,163|
||3,463,647|3,279,095|
##
##
##
|Analysis ofStaff Costs:|Analysis ofStaff Costs:||2023|2022|
|---|---|---|---|---|
||||f||
|Total Salaries|||2,029,789|1,880,318|
|Employer's
NIC|||156,582|134,314|
|Pension Contributons|||112,877|101,754|
|Tolal Employment|cost||2,299,249|2,116,387|
|Average
number|ofemployees:|Support|38|30|
|Average
number|ofemployees:|Charitable|91|94|
##
##
|19|Pensions:|||||||
|---|---|---|---|---|---|---|---|
||The charily's
pension scheme incorporafss|a SMART salary sacrmcs scheme.|It isoperahd|by Evolve.|Employer's|conkibutions|made h|
||pension schemes were E112877 (2022:|E101754), recognised as an expense under staffeirolumenls.||||||
|20|Deferred income:||||2023||2022|
||Atshrt 01.04.2022||||804,031||552,151|
||Addi5ons
during
the year||||629,456||804,031|
||Arreunh
released h income|||(804,031)|||(552,151)|
||At end 31.03.2023||||629,456||004,031|
##
##
##
##
##
##
##
##
|||||At start||Acq/disp|New||Fair value|Forex|||Olher non-||At end|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||ofyear|Cash flows|ofinvestments|Rnance leases||movements|movements||cash changes|||ofyear|
|||||8|6|f|6||||||6||6|
||Cash|||2,736,054|339,233|(1,538,933)|||||||||1,536,354|
||Cash equivalents|||||||||||||||
||Ov erdraR facility|||||||||||||||
||Total cash|||2,736,054|339,233|(1,536,933)|0||||||||1,536,354|
||Private loans|&1 year||(1,893,873)|0||||||||||(1,893,873)|
||Private loans|&1year||(2,623,932)|(336,850)||||||||||(2,886,573)|
||Bank loans
&|1 year||(180,789)|180,789||||||||(180,769)||(180,789)|
||Bank loans
&|1 year||(655,162)|||||||||152,297||(502,865)|
||Finance leases|||||||||||||||
||Total borrowlngs|||(5,353,756)|(156,061)||||||||28,492|~|5,464,100|
||TOTAL|||(2,617,702)|183,172|(1,538,933)|||||||(28,492)||(3,927,746)|
|34|Events after the||Reporting
period|||||||||||||
||The schools|received an unannounced|||visit from Ofsted inspectors||at Ihe end of|June 2023.The inspection|||induded||a review of|compliance||
||and sateguarding||procedures.
No recommenda5ons|||have been made following||the visit, as ofyet.||||||||