2023-12-31-accounts

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] TRUSTEES, REPORT FINANCIAL REPORT FOR THE YEAR ENDED ST 31 DECEMBER2023

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI 5LJ. EmailAddress: [e-mail] PART I: TABLE OF CONTENTS I. TABLEOFCONTENTS..................... .PAGE2 2. CHAIRMAN'S FOREWORD...... .PAGE3 3. ADMINISTRATIVE & REFERENCES.... .PAGE4 4. ORGANISATION'S PROFILE ............... .PAGE5 5. ACHIEVEMENTS & PERFORMANCE . .PAGE6 6. PLANS FOR THE FUTURE......... .PAGE7 7. FINANCIAL REVIEW... .PAGE8 8. TRUSTEES STATEMENTS AND RESPONSIBILITIES .............. .PAGE9 9. INDEPENDENT EXAMINERS REPORT..... . PAGE 10 10. STATEMENT OF FINANCIALACTIVITIES........ . PAGE 11 11.CHARITY BALANCE SHEEr. . PAGE 12 12. NOTES TO THE FINANCIAL STATEMENTS . . PAGE 13-20

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI 5LJ. EmailAddress: [e-mail] PART 2: CHAIRMAN'S FOREWORD In the name of Allah, the Most Beneficent, the Most Merciful. We thank Him for His everlasting mercy upon us and we praise and glorify Him for His countless favours irrespective of our shortcomings. We send blessing and salutation upon our beloved Prophet Muhammad, his Companions, and entire people of his household, AlhamdulliLah. another year has passed on with great success, and we look forward to the year ahead with hope and prosperity. l am pleased to present before you an Annual Report along with Independent Examiners. Report for the year ended 31" December 2023 for your perusal. This report reflects upon what happened during the year under review. Further to my report for the year ended 31st December 2022, the air conditioning units were purchased and installed during the year under review, this has helped a great deal especially during hot summertime. We thank all the contributors and member who worked tirelessly to get this done. During the year under review, an amount of £56,065 was raised from the existing 54 members. We are still exploring different avenues to invest the funds wisely and productively without putting the scheme in stressful position. It is a pleasure and privilege to serve as Amir of this institution. We could not have achieved this milestone without great deal of hard work by everyone within Comswa's circle. and this is what Community (Mujitamaal is all about. May Allah (S.A.Wl grant all of us goodness in this world and hereafter. Ameen. Ibrahlm Jaffar-shaurl Amir of Coventry MusLim Swahili Community (UK)

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] PART 3: ADMINISTRATIVE & REFERENCES CHARITY NAME: COVENTRY MUSLIM SWAHILI ASSOCIATION CHARITY REGISTRATION NO. 1126750 PRICIPLE OFFICE: 88, PAYNE'S LANE, COVENTRY CVI SU EMAILADDRESS: WEBSITE: nline TRUSTEES: EFFECTIVE FROM 0910912023 IBRAHIM JAFFAR-SHAURI -CHAIRMAN NASSOR UBA NASSOR -VICE CHAIRMAN SULEMAN ALI -SECRETARY KHALFAN MAYOUB -DEPUTY SECRETARY AXMED SAYYID CALI -TREASURY SAYID ALI ABDULLAHI -DEPUTY TREASURY SALEH BADRU ALI -TRUSTEE MOHAMMED SALUM -TRUSTEE KEIS OMAR KEIS -TRUSTEE PRINCIPLE BANKERS: HSBC BANK PLC 516 HIGH STRE COVENTRY CVI 5RE INDEPENDENT EXAMINER: ASHIF HASHAM QNA LEICESTER LTD 15 FARNLEY ROAD, LEICESTER LE5 IGP

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry. West Midland, CVI SU. EmailAddress: [e-mail] PART4: ORGANISATION PROFILE Organisatlon Objective: The primary objective of the Charity as set out in the Governing Document, is to advance the Islamic Faith and Muslim Community. Our aim is to provide facilities forthe Muslim population of Coventry to worship their Creator and to educate them about their faith based upon the teachings of the Qur'an and the Sunnah as understood by the companions of the Prophet {S.A.W.l and bythose that followed them Structure, Governance & Management: The Board ofTrustees is appointed by General Meetingfor a term of Two (21 years. The Trustees are responsible for day-to-day management and administration. They determine the general policy of running ofthe organisation: to assistwith smooth running ofthe Charity, Trustees have authorityto delegate its powerstosub-committees on various functions and activities. Trustees do not receive any remuneration. Risk Management: Trustees have moral and legal obligation to exercise their duties in delicate care and skills by identifying potential threats to charity's objectives and to mitigate those threat appropriately and proportionally. In reference to risk management. we have an up and running complaints, handling procedure and managing conflict of interest policies. Vlsion and Mlssion: Our Vision is to build a vibrant Islamic Centre that caters to religious, education and social needs of wider Muslim Community. Our Mission is to develop, support and promote a comprehensive Islamic way of life as delineated in the Holy Quran and Sunnah. In addition, we would love to continue to provide positive contribution to Coventry City, British Society and make a positive global impact. Area of Operation: Comswa operates within England and Wales. however. the governing document does not restrict the charityto extend its operations beyond this boundary. Volunteers: Volunteers are paramount mechanisms, catalyst, and vigorous tools to move forward and achieve community objective. Currently the charity has 60 volunteers both men and women devoting their time and wealth for community and faith related activities. Their work Is vibrant for the organisation. Public Benefit: The trustees f requently review the activities of the charity to ensure that they continue to reflect the objectives and aims ofthe charity and provide an overall benefitto the public.

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] PART 5: ACHIEVEMENT & PERFORMANCE Duringtheyearunderreview, charityhas successfullyfulfilled manyof itscore objectives, some ofwhich are mentioned here below: . al Facilities were extended for 5 daily prayers including Friday prayers bl Arrangements were made for Ramadhan i.e. Taraweeh, Iftar and Itikahf cl Ladies only Islamic knowledge programmeswere organised dl Visiting of sick at their homes and hospitals. el Performed marriage ceremonies and provided marriage and divorce counselling fl Performingfuneral services including washing. burial and comforting ofthe bereaved. Education Centre (Madrasah}: The children's madrasah continues to flourish under the dedicated leadership of Ustadh Ibrahim, Ustadh Khamis Qassim along with Sister Fatma. Ummu Aqsa, and several other volunteers. More than 100 children are now on the Madrasah register. In addition to the daily Quran and Islamic Study classes, the following events took place:. al Parents eveningwas organised to discuss children's progress b) Individual student progress reports were sent to parents Eid Congregation Prayer & Eid Celebration in the park: The Charity successfully organised Eid congregational prayers in the park, this was done in collaboration with another Masjid in Coventry. Additionally, Eid celebrations were conducted at Edgwick Park in Coventry since 2014, this allowed even the Non-muslims to join in the celebration on most important event on Muslim Calendar. Communlty Cohesion: The Charity actively engaged in local authority and community organisations to bring together people in diverse neighbourhood making Coventry a better place to live and work. To make this idea a realitywe are currentlyworking together with West Midlands Police force. Coventry City Council, Bengal, Somali and Gujarati communityjust to mention a few. Youth Engagements: Youths are backbone of many communities. we are grateful to have a good number ofjuveniles who are fully involved in religious and community activities. It is our moral duty to ensure this crop of youngsters are protected against intoleiable behaviour and enjoy theirjuvenile lifespan wisely. Event and Talks: The Mosque has hosted a series of events and talks for the local community delivered by prominent UK scholars. community leaders and emerging ustadh of modern day.

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] PART 6: PLANS FOR THE FUTURE Madrasah: al To provide and expand basic Islamic Education to youngsters bl Recruit more volunteerteachers cl Intensive in-house training for new recruits and existing teachers dl Improvise incentives to the volunteer teachers el Projectingto produce S Alims and Hafidh within next 3-5 years f} Recruit more support staff to encounterthe advancement of Madrasah. Fridah & Eid Congregation: We are working through to ensure both Friday and Eid Congregation are well supervised. Innovation of new fund-ralsing avenues for Masjid project: a} Masjid collection'chanda-from some selected towns across UK bl Fund raising events on at least monthly basis c) To explore foreign donors to help the project Adminlstrative and Management affairs: al Plan to offer more intensive trainingto executives to overcome advancement of charity bl Oversee Eid congregation prayer & celebration in the park cl Oversee mihadhara and iftar programmes dl Oversee collection of zakat ul fitr collections and disbursement accordingly el Strengthening internalcontrols to safeguard wealth and property ofthe charity Worklng with other charities: The charity has bonded very well with other communities across Coventry such as Bengali, Gujarat and Somalian. They have wholehearted supported our work we could have not asked for more. Outside the borderwe continue to explore potential areas of co-operation with other organisations for advancement of this community. Plans for our Centre: a} To provide help and support on circular education bl Youth group activities i.e. sports events. camps c} Health and fitness activities d) Crèche and Nursery el To promote Swahili mothertongue to the youngsters Rlsk Management: New trustees will have periodic training to their legal obligation under charity law, this includes areas on Decision Making, Declaration of Trust and Financial Supervision. Building Insurance has been arranged as part of risk mitigation scenario.

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. EmailAddress: [e-mail] PART 7: FINANCIAL REVIEW YEAR 2023 Net Surplus: Charity earned a net surplus of £70.785 during the year in review {2022: £50,874). This shows an increase of 28% compared to previous year. Incomlng Resources and Resources Expended: Incoming Resources from generated funds increased by 9% compared to previous year. During the year in review resourcesfrom charitable activities declined by 3% from £84,829to£82,264. Total resources expended decreased by24% to £34,967from £45,871 in previous year. Principal Funding Sources: The Charity's main source of income remains as voluntarydonations, proceedsfrom generated funds and free interest loan. Of this. we have restricted funds to be utilised for specific project and asset purchase. Managing trustees decided to use the funds to purchase air conditioning units forthe prayer hall and community purposes. Further details ofthe restricted funds can be found under notes to the Financial Statements. Reserves Policy: The charity's policy is to maintain suff icient reseNes to at least cover fixed monthly unrestricted expenditure. The trustees believe the current level of reserves are suff icient to meet this objective. Going Concern: Trustees have a reasonable expectation that the charity has adequate resources to continue its operations for unseeable future. For this reason, the trustees have adopted the going concern concept in preparingthe Financial Statements. Future: COMSWAexpectsto maintain its existingrange offaith and communityactivitieswhilst building and improving on areas identified forfurther developments. Investments: Due to unavailability of interest free financial products f rom high street Banks, unrestricted funds continue to remain idle without yielding financial returns. Consequently, management continue to use the funds towards f unding activities such as fundraising events.

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] PART 8: STATEMENT OF RESPONSIBILITIES The Trustees are responsible forpreparingthe Trustees, Report and the Financialstatements in accordance with charities applicable law and regulations. Charity Law requires the trustees to prepare Financial Statements for each financial year in accordance with United Kingdom's Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law. Under Charity Law the trustees must not approve the financial statements unless they are satisf led that they give a true and fair view of the situation of the charity and of its net outgoing resources for that period. In preparing these f inancial statements, the trustees are required to: a} Select suitable accounting policies and then apply them consistently. bl Makejudgements and estimates that are reasonable and prudent. c} State whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the f inancial statements. d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitywill continue to operate. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the f inancial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees Board, we hereby satisfythat Trustee Report give a true and fairview of the state of affairs of the charity and of its outgoing resources for the period under review. Axmed Sayyld Call Treasurer On Behalf of Trustees Ibrahim Jaffar-shaurl Chairman On Behalf of Trustees

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry. West Midland. CVI SU. Email Address: [e-mail] Independent Examlner's Reporttothe Truslees of COVENTRY MUSLIM SWAHILI ASSOCIATION {UK) I report on the accountsofthe charityforthe yearended 3151 December 2023which are setout on pages 13to 20. Respective responsibilities of trustees and examlner The trustees are responsible lor the pieparation of the accounts. The irustees consider that an audlt is not required for this year under sectio[7 144121 of the Charities Act 2011 Ithe 2011 Act) and il is my responsibility to: Examine the accounts under section 145 of the 2011 Act: To follow the procedures in the general directions given by the Charity Commission under section 14515llbl of the 2011 Act, and To state whether particular matters have come to my attention. Basis of Independent examiner's report My examination was carried out in accordance with the general directions given by Ihe Charity Commission. An examination includes a review of the accounting records kept by the charity and a ornpaiison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such mattels. The Pfocedures undertaken do not provide all the evidence that would be required in an audit and consequently llo opinion is given as to whether the accounts present a 'True and Fair view. and the report is limited to those matteTS set out in the next slatement. Independent examiner's statement I have not identified matters of concern but check and balances need to be established to improve internal controls. In connection with my examination. apart from Ihe matters referred above indicating that the accounts are not fully compliant with the accounting requirements ot section 396 of the Companies Act and with the methods and prir¢ciples ot the Statement of Recommended Practice- Accounting and Reporting by Charities. no matter has come to my attention: 11 which gives me reasonable causeto believe that in any material respect the requirements.. to keep accounting recofds in accordance with section 130 of the Charities Act 2011.. and to prepare accounts which accord with the accounling records and comply with the accounting requirements of the 2011 Aci have not been met- or 21 to which, in my opinion. attention should be drawn to enable a proper undersianding of the be reached. Ashlf Hasham. QNA Lelcester Ltd 15, Farnley Road, Leicesle LE5 IGP io

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestlr¢ted Restricted Total FundsTotal Funds 2023 2022 Incomlngresources Activities for generating funds Resources from charitable activities Note 28,438 28,438 11,916 4otal IncomlngResources (a) 28,438 82,264 110,702 96,745 Resources expended Charitable activities 15,930 15.930 34,491 Generated Funds Total resources expended (bj 22,367 15,930 38,297 45,871 NetResources before transler(a-bJ 6.071 66,334 72,405 50,874 Reconclllatlon offijndmovement Total funds broughtft1￿ard 664,871 751.764 700.890 Netmovements during the year Total funds carrledfoThvard All Incoming resources and resources expended derived from continued activities. The charityhas no otherrecognizedgains orlosses for the year other than the results above. Approved and signed on ...... , on Behalf of Trustees Jaffar-shauri Chairman Axmed Call Treasurer

Coventry Muslim Swahili Association 88 Payne's Lane. Coventry, West Midland, CVI SU. Email Address: [e-mail] BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 FixedAssets Tangible Assets Note 10 687.612 659,145 CurrentAssets Debtors 11,496 8,226 Cash atBankand in Hand li 841,878 773,572 Current Liabilitles Creditors.. Amt falling due within one year 6 Creditors.. Amt falling due after one year NetAssets 750 4,849 The Funds of the Charlty.. Restricted Funds 153,227 86,893 Unrestricted Funds NetAssets

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] Notes to the Financial Statements for the year ended 31 December 2023 l. Accountlng policles Statement of compllance 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 Standards applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20251- (Charities SORP (FRS 1021}, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. Basls of preparation COVENTRY MUSLIM SWAHILI ASSOCIATION IUKI meets the definition of a public benefit entity under FRS 102. Assets and Liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemption from preparing a Cash Flow Statement. The Charity is exempted from preparing a cash flow statement as early adopts Bulletin I published on 2 February 2016. However, Comswa decided to include a cash flow statement in this Financial Statements for more transparency. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognized when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with suff icient reliability. Gifts In kind Gifts in kind are recognized in differentwaydepending on how they are used bythe charity: Those donated for resale produce income when they are sold. They are valued atthe amount realised. Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them. liiil Those donated for use by the charity itself are included when receivable. They are valued at the amountthe charitywould have had to payto acquire them. 13

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] Notes to the Flnancial Statements for the year ended 31 December 2023 Expenditure All expenditure is recognized once there is a legal or constructive obligation to that expenditure, its probable settlement is required. and the amount can be measured reliably. All costs are allocated to the applicable expenditure headingthose aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings. they have been allocated on a basis consistent with the use of resources, with central staff costs allocated based on time spent. and depreciation chargesallocated onthe portion ofthe asset's use. Othersupportcosts are allocated based on the spread of staff costs. Ralsingfunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise f unds. Charitable actlvities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its benef iciaries. It includes both costs that can be allocated directly to such activities and those costs ol an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by Iloor areas, or per capita, staff costs bythe time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit. strategic management and trustees, meetings and reimbursed expenses. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the FinanceAct 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity IS Potentially exempt from taxation in respect of Income or capitaigains received within categories covered by Chapter3 Part 11 ofthe Corporation TaxAct 2010 or section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusivelyto charitable purposes. Tangible flxed assets Individual fixed assets costing £1.500 or more are initially recorded at cost. Less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 14

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] Notes tothe Flnancial Statements forthe year ended 31 December2023 Depreclatlon and amortisatlon Depreciation is provided on tangiblefixed assets so astowrite off the cost orvaluation, less any estimated residual value. overtheir expected useful economic life as follows: Asset Class Depreciation method and rate Equipment Straight line- 20% Fixtures and Fittings Straight line- 33.33% Trade Debtors These are amounts due from customers for merchandise sold or seNices performed in the ordinary course of business, they are recognized initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision forthe impairment is established when there is objective evidence that they will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investmentsthatare readilyconvertibleto a known amountofcash and are subject to an insignificant risk of change in value. Borrowlngs Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest- bearingborrowingsare subsequentlycarried atamortised cost. with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognized as a charge to the Statement of FinancialActivities over the period of the relevant borrowing. Interestexpense is recognized based ontheeffective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liabilityfor at leastlwelve months afterthe reporting date. Fund structure. Unrestricted income f unds are generalfunds that are available for use atthe trustees, discretion in furtherance ofthe objectives ofthe charity. Restricted incomefunds arethose donated for use in a particular area orfor specific purposes, the use of which is restricted to that area or purpose. 15

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI 5LJ. EmailAddress: [e-mail] Notes to the Financial Statements for the year ended 31 December 2023 Flnanclal Instruments Classlflcatlon Financialassets and financial liabilities are recognized when the charity becomes a partyto the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. 2. Activities from generatingfunds Funds 2023 Funds 2022 Unrestricted Restrlcted Education Centre Students'Fees and supplies Sundrylncome Sub-Total 4,586 4.586 420 3. Incoming Resources Charitable ActAvitAes Funds 2023 Funds 2022 Unrestrlcted Restrlcted Chanda Collection -MasJid Project Community& Public -masjid Project Subscription to bereavement Fund Sub-Total 5.890 5,890 12,406 64.271 64,271 63,573 4. Total Resources Expended Funds 2023 Funds 2022 Unrestricted Restricted Dlrect Costs.. Fundraising Costs Accountancy fees (Provfor2023) Subscription Sub-Total la) 5.000 5,000 213 750 750 700

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] Notes to the Financlal Statements forthe year ended 31 December2023 4. Total Resources Expended (Continued....... Funds 2023 Funds 2022 Unrestricted Restrlcted Support Costs.. Utilities Consumption Council Tax & Rates 9.243 9,243 2,062 5,399 2,062 3,010 Printing& stationery Telephone & Internetservices Bank Charges Building insurance Repairs & Maintenance Governing Costs Funds utilisation for Bereavementsch 123 123 726 726 925 449 263 263 4,988 4,988 1,156 928 250 Bad debts from Bereavementscheme 6,550 Charitygiven platform Ramadhan Imam gifts TravellingExpenses Depreciation Sub-Total (b) Grand Total (a+b) 26,740 4,000 4,000 6,930 6,930 5. Debtors Funds 2023 Funds 2022 Unrestricted Restricted Arrears on Bereavement Funds 2,857 2,857 3,046 Sundry debtors Prepayment Sub-Total (aj 1,800 5.000 6,800 5,180 17

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. EmailAddress: [e-mail] Notes to the Financial Statements forthe year ended 31 December 2023 6. Creditors.. falllng due wlthin a year Funds 2023 Funds 2022 Unrestricted Restrlcted Accountingfees (Pmv. for2023) Prepaid subs on bereavement Virgin (Tel & Internet Services) Accrued ElectricityProvision 750 750 700 3,330 66 7. Creditors.. fallingdue after a year Funds Restricted ry 2023 Funds 2022 Unrestrlcted Qaradhan Hassan (Free Interest Loan) Buildingmaterial-unpaid 9.350 9,350 9,350 8. Analysis of fvnds Istjan 2023 31" Dec 2023 Incomlng Expendlng IFun Unrestricted fund 664.871 28.438 22,367 670,942 Subscription on bereavement Masjid Project 49,781 12.103 61,884

Coventry Muslim Swahili Association 88 Payne's Lane. Coventry, West Midland, CVI SU. EmailAddress: [e-mail] Notes to the Financial Statements forthe year ended 31 December 2023 9. NetAssets byfvnd Funds 2023 Funds 2022 Unrestricted Restrlcted Tangible Assets Add.. CurrentAssets 687,612 687,612 659,145 154.266 114,427 4,849 19,432 134.834 Less.. Creditors falling due within a year Less.. Creditors falling due after a year NetAssets 750 750 10. FixedAssets Freehold Land 659,145 Funds 2023 659,145 Funds 2022 659,145 Equipment Balance broughtfonvard Additions.. 31,630 31,630 Charge for the year Net Book Value 11.cash on Hand& Bank Funds . 2023 Funds 2022 Unrestrlcted Restrlcted Masjid ProjectAccount SavingsAccount BereavementAccount 62.699 62,699 39,071 10,251 10,251 10.000 61,884 61,884 50,065 Madrasah Account

Coventry Muslim Swahili Association 88 Payne's Lane, Coventry, West Midland, CVI SU. Email Address: [e-mail] Notes to the Flnancial Statements forthe year ended 31 December2023 12. Cash Flowstatement Cash atBankat the beginning of the year 106,201 Receipts from Masjid Project Receipts from Education Centre Receipts from Bereavement Funds 70.445 23,488 105,941 Ex Fundraisingcosts Purchase of Equipment (A/C units) Building Maintenance & Repair nt&Ad 5.000 31,630 4,988 41,618 itu na em Accountancyfees (2023) Bank Charges Broadband & Telephone Exps Utilities (Electricity& Gas) Buildinglnsurance Printing & Stationery Council fax/R8tes Subscription Travel Expenses Ramadhan Imam Gifts Cash on Hand andat Bank in.. 700 449 792 9,996 2.102 123 2,062 600 6,930 4.000 13. Bereavement Funds 2023 Cash atBank Prepaid-subscription ReseNed 61,884 3,330 20