DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Report and Financlal Statements Year Ended 31 July 2023 Contents Page Management Committee and Charity Information Trustees Annual Report 34 Independent Examiner's Report Approval of Accounts Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-10 DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE MANAGEtVlENT COMMtTTEE & P4AME OF MEMBERS.. chair1￿30n and Trustee Mr Sunawar Ali Vice Chairperson & Tr￿Stee Mr Sanawar Miah Assistant S￿retary & Tntstee Mr Muazzam Huss&in Khan TreasuTer & Ttuslee Mr Muhallllnad Moyna Miah Re￿stered Charlty Number: 112 9870 Centre Address: Fanshawe Hall Barnme8d Road DageDham Essex RM9 5DX Charlt CorTes ondenee Addre88 120 Church Elm Lan¢ Dagenham Essex RMIO 9RL Aceount4nl8: Muhit & Co Chartered Certified Accountants 80A Ashfield Stre¢t Unit 4 London EJ 2BJ Bankers: HSBC B￿k Pl¢ DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Trustees Annual R¢ rt for the Year Ended 31 Jul 2023 The trnslees present thcir report along with the financial stst¢ments of thc charity for the ycar ended 31 July 2023. The 8laiem¢nts have been prepared in accordance with th¢ statement of r¢¢ommended practice for Acci)unting and Reportingby Charities. Constithtion and ObJe¢ts Dagenham Islamic Welfare Association & Mosque was constituted under trust de￿ wbich has amended on 27 November 2016 and Charity Registration No. 1129870. The objects of the charity are.. A) To relive poverty and fmancial hardsbip B) To pro￿t, preseryc, and propagate the beliefs of Islam in accordance with the teachings of the Holy Quran and th¢ ¢xatnple and tea¢hin8s of Prophet Muhammad (PBUH) and his compantons. C) To advance education and provide places of worship and teachingy D) Facilitate five daily prayers. E) To provide or assist in the provision of facilities in the interest of social Welfa￿ for recreation or other leisure time occupation of individuals who are in need of such facilities by reason of their youth, age, infirniity or disability, financial h￿dship or social circumstsnces with the obj¢¢t of improving their conditions of lifc also encouraging Muslim children and adults to bewne responsible human beings and to cimtribute positively to s(*ieiy at larg< F) Promoting knowledge and mutual understanding of respect of the belief and practices of different r¢ligious faiths. parti¢ularly the Muslim faith. Organlsatlon The trust¢es named on page I have served throughout the peri(ML Appointsn¢nt of trusttts 15 governd by the Trust Deed of the Charity. The board of bustees is authorized to appoint new trust¢es to fill vacancies arriving Ibrough Tesignatii)n or death of existing tntstee8. Reserves and Reserves Policy Dagenham Islamic Welfare Assoctation & Mosque is committed to using its resources in pursuit of its ¢haritable obJ"ects. It is also committed, hovlever. to maint&inin8 a level of Te8erves that is Prudent to m¢¢t ongoing liabilities, sufficient to ensure that all service delivery cornmitments can be met and to prol¢¢t the long-t¢rni future of our owations. Dagenham Islami¢ Welfare Association & Mosque rcserves policy secks to balance Ihese Priorities by holdin8 a level of reserves sufficient to: Ensure the availability of sufficient working funds in hand. Provide a cushion in ￿$¢ of unexp¢cled loss of incomc to ensure that services can be maintained. Provide sufficient funds for an orderly Munding￿oWn in th¢ event of a need to cease activity. The trustces review the sttuation on a regular basis and takeimmediate coThectiYe a¢lion as and when necessary. DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Rtsk Statsment The ttwstees have examtned the major Strategic, business and operntional risks which the charity faces and Collfirni that systems have been established to enable regular reports to be produced so that the ne¢¢ssary steps can b¢ taken to lessen those risks. FSD8nclxl Informatlon and Fu¢ur¢ Developments Wc are looking to improv¢ and extension of the premises where we can continue to run the fa¢ility for more users and add fill1her facility for female users by prnviding them appropriate spacc. W¢ are focusing to build up a fund to fulfil our ambition in Ihc future io obtain freehold buildtng OT land. Trustees Responslbllltles fill RelAtion to the FIn*n¢1￿ Statements The Charili¢s Act require8 the Committee Members to prepare fu￿nCIal statements for each financial year whi¢h give a true and fair view of the stai¢ of affairs of the charity for that period. In preparing those financial stalemenls the Ci)mmitle¢ Membus are required to.. sel￿t suitable accounting policies, apply them consisl¢ntly and state them in the financial ststements. Statc whether applicable accounting standards have b￿n followed. subject to any material dcpartures disclosed and explained in the financial stalemfflts. and Indicat¢ where the financial statements are prepar¢d other than on the basis that the Trust is a 80ing concern. The Committed Members are responsibl¢ for keq)ing proper books of a￿oUnts with respect to the trust's transactions and records of assets and liabilitie8 while maintsiDing a satisfactory System of internal controls. The Committee Members are also responsible for safeguarding of assets of the TnL8t and hence for taking reasonable steps for the prevention and d¢tection of fraud and other irre8uiarities. Approved by the trnstees and 8i8n¢d on their behalf by Chairperson & Trnstee Mr SunawaT Ali Dated.. 24 April 2024 DAGENHAM ISLAMIC WELFARE AssoaATION & MOSQUE INDEPENDET EXAMINER'S REPORT TO THE TRUSTEES OF DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE (CHARITY REG: 11298700) We have examined the financial statements for the year ended 31 July 2023. which arc sel out on pages 7 to 10 whi¢h have been prepar¢d on the basis of historic Cost. The Trustees have confinned that they do not hold any restrict￿ funds and that all th¢ funds are available lo meet Ihe charity's objectives. Res Iv Res nslbilldes of Trustees and Euminer The charity's ttu5tees are responsible for the preparation of the accounts. The charity's ttIL8tees consider that an audit is not required for this year under seclioD 144{2) of the Clwities Act 2011 and that an independent examination 18 needed. 11 is our res￿)nSibIlity to: examine th¢ a￿oUntS under section 145 of the 2011 Act., follow the procedures laid down in the g¢n¢ral directions given by the Charity Commissioll under section 145 {5) {b) of Ihe 2011 Ath and state whether particular matters have com¢ to our attention. Basi8 of Inde lldent Examiner's St4tement Our cxamination was cattied out in accordance with the General Directions given by th¢ Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of thc accounts presented with thos¢ ￿ordS. It also includes consideration of any unusual it¢ms or disclosures in the a¢counts, and seeking explanations from the tr￿stee8 concerning any swh malt¢rs. The proc¢dures undertaken do not provid¢ all the evidence that would be requir¢d in an audit, and ¢onsquently no opinion is given as lo whether the accounts present a true and fair view and the rcport is limited to those matters set out in the statement below. Inde dent EMmlntr'$ St4temtllt ]n the course of our examination, no matter has come to our attention.. l) Which gives us reasonable cause to believe that in, any material respect th¢ TequiremcDt8: to keep &ccounting records ID a¢c4)rdan¢e with s￿tion 130 of the 2011 Act. and to prepare accounts which accord with the accounting records and Comply with the accounting requirements of the 201 l Act have not been met. or 2) To whi¢h. in our opinion, attention should be drawn in order to enable a proper und¢rstsnding of the ac¢ounts reach￿. uhlt & Co Chartercd Ceffified Aceounlants 80A Ashfield Street. Unit 4, IA)ndon El 2BJ DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE rov41 ofAccount$ We hereby approve the attached accounts foT the y¢8r ended 31 July 2023 and confirni tha¢ we have supplioj all the infornmtion and explanations required for these accounts. Chalrperson & TTUStee Sunawar Ali Dated. 24 April 2024 DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE S184tement of Flnancial Arti￿des For the year ended 31 July 2023 Unregtricted Funds Restricted Funds Total 2023 Total 2022 Notes Incomlng re8ource$ Donation 148,715 148.715 128,736 148,715 148,715 128,736 Activities for generdting ￿ndS Income resources from Charitable activities Total incomingTesource8 148,715 148.715 128,736 Resources expended Cost of generating funds.. Charitable artivities and support 114,648 114,648 95,287 Governance coyts.. Total ra8ourc￿ upended 114.648 114,648 95,287 Net movem¢nt in funds 34,067 34.067 33.449 Reeonclllatlon of fund5: Total funds brought fonvard 165.822 165.822 132.373 Toial Funds ¢otTied forward 199 889 199 889 165 822 DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Balance Sheet as at 31 July 2023 2023 2022 Note Flxed a58¢ts Tangible assets 68,790 72.411 68.790 Current ￿sets. Cash al bank and in hand Viva Wallet Prepa)Tnenls Paye-ov¢rpayments Deposit Ac¢ount Pdty Cash Total Curr¢nt assets 77,665 37,490 2,000 1,316 14.128 77.803 3,745 13,303 132.599 94,851 Cllrrent114bllltle8 Cr¢ditors falling due within one year (1,500) (1.500) (1,440) Net currenl Assets 131,099 93.411 Net a5$ets 199,889 165,822 The funds of the chArlty: Unrestricted fimds BIF Net Unrestri¢t¢d fimds for ihis period 165.822 34.067 132.373 33,449 Tolal Unrestricted fimds 199,889 165,822 Rcstri¢t¢d incornc funds Total ¢hxrlty fllnds: 199,889 165,822 Chalr rson & Trustee sunaw￿ All Treasurer & Trustee Muhammad Mo)ma Mi%h Aeting Seeretary & Trnstee Muxzzam Huysalll Khan DAGENHAM ISLAMIC WELFARE AssoaATION & MOSQUE Date: 24 April 2024 Notes to financial Statements l. Accountin8 p)li¢i (a} Basis of preparation The financial statements havc been prepared under the historical cost Convention. The financi81 statements have bcen pr¢p8red in accordance with Statement of R￿0￿mended Pra¢ti￿. Awouniing and Retthing and applicable UK Accounting Standard8 and the Clwities Act 2011. (b) Funds Strt￿t￿re Unrcstricted income funds comprise those fi]nds which the trustee8 are free to use for any purpose in furtherance of the charitabl¢ objecls. unrestrict￿ fimds include desigllated funds where the trustces, at their discretio￿ have set aside resources for a specific PUryK>Se. Restricted funds aT¢ which are to be used in accordance with specific restrictions imposed by th¢ donor OT the tern￿ of a specifi¢ app¢al at any time and under the ternis for public coll¢¢tion of Zakat in accordance with the teachings of Islam. (c) Charitable activities Charitable cxpenditure comprises thos¢ ￿StS incurred bythe charity in the delivery of its activities and servi¢¢s for its beneficiaries. Il includes the direct pay and support costs rclatin8 to those activities. (d) Tangible r￿ed assets and d¢p￿lation All assets costing more than £51)0 are capitalised and at historic cost. Fixed assets aTe stated at Cost less a¢¢umulated depreciation. The freehold property is valued at historic cost and it 18 not dq)r￿iated. DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE 2. Intoming resources from voluntsry Income Unreytrleted funds Restrleted To¢412023 Total 2022 £ fund8 Weekly donation including Jummah Prayer Fund Raising during Ramadhan Zakath Eid Colle¢lion Covid19 Job Retention Scheme 68.017 68,017 60,535 8,698 5,994 11.418 8.698 5,994 11.418 6.260 1.490 6,400 3.098 50 Infrrest Stud¢nl Fee Membership fee Other Total 113 30,584 610 23.281 148,715 113 3Q.584 610 23.281 148,715 28,462 1,160 21,278 128,736 3. Charitable Actlvltles (Support eosts) Total 2023 Totsl 2022 Rent Repair and maintenan¢¢ Depreciation Charity donation Cleaning Equipment Event management cost Insurance Freelance tmam 10,000 3.047 3,621 10,736 884 60 7,878 466 3,125 15.000 3,876 12.453 2,519 2,861 5,591 298 6,747 zakalh and sadaqah Siationary and priniin8 Sundry Telephone & fax Imam for Eid prayer Iftar expenses Hafiz gifi for Ramadan A¢countsncy fees Bank + card charges Travel & subsistence Security ex￿$ Software Bonus Staff training 10,392 3,553 1,387 165 1265 430 5,¢X)O 1,500 326 1.563 2.108 270 2,100 150 1,440 226 2,568 1,574 2.836 io DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Wages Voluntary expenses Other Professional fees 44.289 1,540 330 34.742 1.019 114,648 95.287 li