DAGENHAMISLAMIC WELFARE ASSOCIATION & MOSQUE Report and Financial Statements Year Ended 31 July 2024 Contents Page Management Committee and Charity Information Trustees Annual Report Independent Examinerfs Report Approval of Accounts Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-11
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE IVIANAGEMENT COMMITTEE & NAME OF MEMBERS: Chairperson and TnL8tee Mr Sunawar Ali Vice Chairperson & Trustee Mr Sanawar Miah Assistant Secretary & Trustee Mr Muazzam Hussain Kban Treasurer & Trustee Mr Muhammad Moyna Miah Reglstered Charity Number: 112 9870 Centre Address: Fanshawe Hall Barnmead Road Dagatham Essex RM9 5DX Chari Corres ondenee Address 120 Church Elm Lane Dagenham Essex RMIO 9RL Aecountants: Muhit & Co Chartcred Certified Accountants 80A Ashfield Street Unit 4 London EI 2BJ Bankers: HSBC Bank PIC
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Trnstees Annual Re ort for the Year Ended 31 Jul , 2024 The trustees present their report along with the financial statements of the charity for the year ended 31 July 2024. The statements have been prepared in accordance with the statement of recommended practice for Accounting and Reporting by Charities. Constitution and Objects Dagenham Islamic Welfare Association & Mosque was constituted under trust deed which has amended on 27 November 2016 and Charity Registration No. 1129870. The objects of the charity are: A) To relive povety and financial hardship B) To PTOtect, preserve, and propagate the beliefs of Islam in accordance with the teachings of the Holy Quran and the example and t¢achings of Prophet Muhammad (PBUH) and his companions. C) To advanc¢ Cducation and provide places of worship and teaching; D) Facilitate five daily prayers. E) To provide or assist in the provision of facilities in the interest of social welfarc for recreation or other leisure time occupation of individuals who are in nced of such facilities by reason of their youth, age, infirniity or disability, financial hardship or social circumstances with the obj¢¢t of impToving their conditions of life also encouraging Muslim children and adults to become responsible human beings and to contribute positively to society at large; F) Promoting knowledge and mutual understanding of respect of the belief and practices of different religious faiths, particularly the Muslim faith. Organisatlon The trustees named on page I have servd throughout the period. Appointment of trnstees is governed by the Trust Deed of the Charity. The board of trustees is authorized to appoint new trustees to fill vacancics arriving through res]latIOn or death of existing trnstees. Reserves and Reserves Policy Dagenham Islamic Welfare Association & Mosque is committed to using its resources in pursuit of its charitable objects. It is also con]mitted, however, to maintaining a level of r¢s¢rvcs that is prudent to meet ongoing liabilities, suificient to cnsure that all service delivery commitments Can be met and to protect the long-tcrnl future of our operations. Dagenham Islamic Welfare Association & Mosque reserves policy seeks to balance these priorities by holding a levcl of reserves sufficient to: Ensure th¢ availability of sufficient working funds in hand" Provide a Cushion in case of unexpected loss of income to ensure that services Can be maintained. Provide sufficient funds for an orderly winding-down in the event of a need to cease activity. The trustees review the situation on a regular basis and take immediate corrective action as and when necessary.
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Risk Statement The trustees have examined the jor strategic, business and operdtional risks which the charity faces and confirni that systems have been established to enable gUlar reports to be produced so that the necessary steps can bc taken to lessen those risks. Financial Information and Future Developments We are looking to improve and ¢xtcnsion of th¢ premises where we can continue to run the facility for more users and add further facility for female users by providing them appropriate spac¢. W¢ focusing to build up a fvnd to fulfil our ambition in the future to obtain freehold building or land. Trustees Responsfibllfitles In Relation to the Financial Statements The Charities Act requires the Cornmittee Members to preparé financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that period. In preparing those fmancial statements the Committee Members are required to: Select suitable accounting policies, apply them cotL8iStently and state them in the financial statements. State whether applicable accounting standards have been followed, subject to any matcrial departu disclosed and explained in the fmancial statements. and Indicate Whe the financial statements are prepared other than on the basis that the Trust is a going concern. The Comn]itted Members are responsible for keeping prop¢r books of accounts with r¢spcct to the trust's transactions and records of assets and liabilities while maintaining a satisfactory system of internal controls. The Committee Members are also rcsponsible for safeguarding of assets of the Trust and hence for taking reasonable stq)s for the prcvention and detection of fraud and other IegUlaTItie$. Approved by the trustees and si]ed on their behalf by Chairperson & Trustee Mr Sunawar Ali Dated: 31 Decen]ber 2024
DAGENHAM ISLAMIC WELFARE ASSOCIATION & 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 2024, which are set out on pages 7 to 10 which have been prepared on the basis of historic cost. The Trustees have confirmed that they do not hold any restricted funds and that all the funds are available to meet the charity's Otycctiv. Res ective Res onsibilities of Trnstees and Examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charitics Act 2011 and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the 2011 Act. follow the procedures laid down in the gencral directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act and state whethcr particular matters have come to our attention. Basls of Inde endent Examiner's Statement Our examination was carried out in accordance with the General D1CtionS Ven by the Charity Commission. An ¢xamination includes a review of the accounting records kept by the charity and a cOmp]son of thc accounts presented with those records. It also includes consideration of any unusual items or disclosures in the a¢UntS, and seeking explanations from the trustees concerning any such matters. The procedurcs undcrtaken do not provide all the evidence that would be required in an audit, and consequently no opinion is Ven as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below. Inde endent Examiner's Statement In 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 the requirements: to keep accounting records in a¢¢ordance with section 130 of the 2011 Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be leached. Muhit & Chartered Certified Accountants 80A Ashfield Street, Unit 4, London E12BJ
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE roval of Accounts We her¢by approve the attached accounts for the year ended 31 July 2024 and confrn that we have supplied all the inforniation and explanations rcquired for these accounts. Chalrperson & Trustee Sunawar Ali Dated: 31 Dernber 2024
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Statement of Flnanelal Activities For the year ended 31 July 2024 Unrestricted Funds Restrictc d Funds Total 2024 Total 2023 Notes Incoming resources Donation 153,666 153,666 148,715 153,666 153,666 148,715 Activities for generating funds Income resources from Charitable activities Total Incoming Resources 153,666 153,666 148,715 Resources expended Cost of generating funds: Charitable activities and support 132,057 132,057 114,648 Total Resources Expended 132,057 132,057 114,648 Net movement in funds 21,609 21,609 34,067 Reconciliation of funds: Total funds brought forward 199,889 199,889 165,822 Total Funds carrled forward 221,498 221,498 199,889
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Balance Sheet as at 31 July 2024 2024 2023 Note Flxed assets Tangible assets 65,351 68,790 65,351 68,790 Current assets: Cash at bank and in hand Viva Wallet Prepayments Paye-overpayments Deposit Account Pety Cash Total Current ass¢ts 125,836 77,665 37,490 2,000 1,316 14,128 2,000 21 33,709 603 162,169 132,599 Current liabllities Creditors falling due within one year (6,022) (6,022) (1,500) Net current Assets 156,148 131,099 Net assets 221,498 199,889 The funds of the charity: Unrestricted ndS BIF Nct Unrestrictcd funds for this period 199,889 21,609 165,822 34,067 Total unrestricted funds 221,498 199,889 Restricted income funds Total Charlty funds: 221,498 199,889 Chatryerson & Trustee SunawAr All Trtssurer & Trusttt Muhammad Moyna Mlah Aetlng Secretary & Tru$tte Muazzgm Bus¥alp Kb8D Date: 31 December 2024
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Notes to financial statements l. Accounting policies (a) Basis of praratIoll The financial statcmcnts have been prq)ared under the historical cost conv¢ntion. Thc financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting and applicable UK Accounting Standards and the Charities Act 2011. (b) Funds structure Unrestricted income funds comprise those funds which the trustees are free to use for any puOse in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the tenns of a specific appeal at any time and under the tenns for public collection of Zakat in accordance with the teachings of Islam. (c) Charitable activities Charitable expenditure comprises those costs incurrd by th¢ charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and support costs relating to those activities. (d) Tangible fixed assets and depreciation All assets costing more than £500 are Capitalised and at historic cost. Fixed assets are statoj at cost Icss accumulated depreciation. The freehold property is valued at historic cost and it is not depreciated.
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE 2. Incoming resources from voluntary Income Unrestricted funds Restrlcted £ funds Total 2024 Totsl 2023 Weekly donation including Jummah Prayer Fund Raising during Ramadhan Zakath Eid Collection Fund raising Interest Sponsor Student Fee Membership fee 77,588 77,588 68,017 12,946 3,795 10,502 3,514 343 550 42,548 980 900 153,666 12,946 3,795 10,502 3,514 343 550 42,548 980 900 153,666 8,698 5,994 11,418 113 30,584 610 23,281 148,715 Total 3. Charitable Activities (Support costs) Total 2024 Total 2023 Accountancy fees Bank charges Bonus Card charges Charity donation Cleaning Depreciation Equipment Event management cost Freelance imam Hafiz gift for Ramadan Iftar expenses Imam for Eid prayer Insurance Other professional fees Printing Rent Repair and maintenance Security for Ramadan Software Stationcry 1,500 749 1,500 276 2,100 50 10,736 884 3,621 60 7,878 3,125 5,000 430 1,265 466 330 1,280 10,000 3,047 2,108 270 2,273 1,739 8,343 310 3,440 247 9,055 50 6,318 700 466 15,063 1,446 953 io
DAGENHAM ISLAMIC WELFARE ASSOCIATION & MOSQUE Total 2024 Total 2023 Subsistence Tclephone & fax Travel & subsistence Utility bills Voluntary expenses Wages Zakath and sadaqah 182 165 1,563 i 0,000 1,540 44289 10,392 58,439 11,005 132,057 114,648 li