CHARITY REGISTERED NUMBER: 1131667 GULZAR E MADINA ISLAMIC WELFARE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 DWD TAX ADVISORS LTD
GULZAR E MADINA ISLAMIC WELFARE TRUST FOR THE PERIOD ENDED 31 MARCH 2024 CONTENTS Page Legal and administrative information Trustees. report Examiners, report Balance sheet Stalement of financial activities Schedule of funds Note
GULZAR E MADINA ISLAMIC WELFARE TRUST LEGAL AND ADMINISTRATIVE IN FORMATION Registered Charity Number: 1131667 Chainnan: MSArab Treasurer. Mohammed-yunus Abdullah Trustees: Shula Farid Khan Zahid Hussain Syed Mohaffled Shafik Arab Mohamed Aslam Bhatti Mohamed Yunus Abdullah Mohamed Nazir Abdullah Secretary: Aslam Bhalti Registered Office: 1 Collingdale Road Headlands Northampton NN3 2TS AccounLgnts: DWD Tax Advisors Ltd Bankers: HSBC Barclays Page 1
GULZAR E MADINA ISLAMIC WELFARE TRUST REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 The trustees present their annual report for the period ended 31 March 2024 under the Charities Act 2011, together with the financial statements for the year, and confirm that the latter ¢omply with the requirements ofthe Act, the Trust Deed and Ihe Charities SORP 2015. Structure, governance and management Governing document Gulzar E Madina Islami¢ Welfare Trusl is constiluted as a charitable trust registered with the Charity Commission in September 2009 under charity number 1131667. It is governed by a deed of trust last updated in March 2008. Recuitment and appointment of trustees The existing trustees are responsible for the recruitment of new trustees. In selecting new trusteès, Ihe charity seeks to identify people who regularly allend events and functions organised by Ihe charity and are willing to volunteer to h61p in increase the charitVs work. Only people who show commitment and are willing to work for non payment are chosen or will be chosen to become Tru51ees. Trustee induction and training Following appointment, new trustees are introduced to their new roles and given copies of the trust deed and a guide to the policies and prOdreS adopted by the charity. This ensures Ihal new trustees are aware of the scope of their responsibilities under the Charities Act. Oryanisation The charity truslees are responsible for the general control and management of the charity. The trustees give their lime freely and receive no remuneration or olher financial benefits. The truslees meet together as a body monthly and are responsible for all decisions taken in rèlation to running the trust and the activities provided by the charity Risk pollcy The trustees have assessed the risks the charity faces have drawn up a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review this risk matrix regularly at Iheir meetings and are satisfied Ihal systems are in place to manage the risks that have been idenlffied. Objectlves and activities The objects for which the charity is established are to promote the faith of Islam and Islamic charitable institutions in the United Kingdom and overseas, for the benefit of the public in particular through the holding of prayer meetings, lectures, the public celebration of religious festivals ad the distribution of literature in the Islamic faith to enlighten others. Actlvltles and achievements The charity needed a base to start and with the hard work of the Trustees we now have around 80 subscribing members and we hold events al a rented accommodation on a regular basis and have been doing so for th& past seven years. Page 2
GULZAR E MADINA ISLAMIC WELFARE TRUST REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 Financial vieW Investment policy The trustees have considered the most appropriale bank accounts in which to keep funds. to ensure reasonable interest is achieved on deposits. Resenies policy Uniestricted funds are needed.. to provide funds to support projects, training and events for tnembers of the trust to cover administration. fund raising and training costs. which allow the charity to function", and The trustees considei it prudent, that unrestricled reserves should be sufficienl.. to avoid the necessity of selling assets held for the charity's use. to o)ver a minimum of one yearfs administration, fund raising and training ¢osts,' and to provide a pool of funds which can be designated to specific projects and events over the forthcoming years and to meet all unforeseen repair costs. The level of reseNes is monitored and reviewed by the Irustees al least once a year. Reserves are currently at an acceptable level, to meet these needs. Plans for Future Periods Achieved: o Full function of Mosque; Sx prayers Ladies dedicated area o Full-time Imams Madrassa/lslamic Education o Working Wlth Northamptonshire Police and Multi-Faith Groups Female teachers for Young girls/ladies1slamic Education classes Established Classes with full Sufi Sunni syllabus. To record and report registration/achievements. We have now become central in Northampton for providing bereavement facility together with post funeral services'_ prayer services and wake for the day of funeral, for the 3 day prayers with food and for the pre-forty day prayer service with food. Full151amic Funeral Parlour. Comprising two morgue fridges with open area for specialised mortuary washing table to wash the body, fully in use. New ladies, area has been added to the rear with disabled facility for entrance and washroom as well as mother and baby room, in use. Active group functions and Nasheeds (Choir) groups. Page 03
GULZAR E MADINA ISLAMIC WELFARE TRUST REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 This extension has been completed wilh wonderful results and feedback from the attendees as well as local authorities. Car park was lasl to complete and as of October 2021 fully opened for use. The outside lights have been fitted and the morgue area is now open and has been in use. The shoe areas for both menlwomen, refurbed completed. The ladies have establish their own funeral committee, holding classes and workshops for training of ladies for washing female deceased and completing the shrouding prosS, as well as advise on terminally ill relatives. Adult classes opened September 2023. Carrying on with great success Future Plans= Drop-in centre for ladies. Conservalory plan. Planning has been lodged with WNC Planning office September 2024 Statement of Trust&os' responsibilities The charity trustees are responsible for preparing an annual report and financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AGGounling Practice). The law applicable to charities in England and Wales requires the ¢harily trustees to prepare financial statements for each year which give a true and fair view of the slate of affairs of Ihe charity and of the incoming resources and application of resources of the charity for that period, In preparing the financial statement, the trustee5 are required to.. a) select suitable accounting policies and then apply them consistently: b) observe the methods and principles in the Charities SORP., c) make judgements and estimates that are responsible and prudent., d) slate whethèr applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; e) prepare the financial statements on the going contsrn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial ststemenl 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1. Approved by the trustees and signed on their behalf by-. A Abdullah as Chaimi Dated.. 12 Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GULZAR E MADINA ISLAMIC WELFARE TRUST FOR THE PERIOD ENDED 31 MARCH 2024 We report on the financial statements which are sel out on pages 7 to 14. Respective responsibilities of the trustees and examiner The charity's trustees Gonsider that an audrt is not required for this year (under section 144{2) of the Charities Act 2011 (the Act). and that an independent examination is needed_ It is our responsibility to examine the accounts under section 144 of the 2011 Act- to follow the procedures laid down in the General Directions given by Ihe Charity Commission under section 145(5)(b) of the 2011 Act- and to state whether parlicular matters have come lo our attention. Basi$ of independent examinerfs report Our examination was carried out in accordan with the General Directions given by the Charity Commissioners. An examinalion includes a review of the accounting records kept by the ¢hariiy and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or dis¢losures in the accounts, and seeking explanations from the trustees conceming any such matters. The prOdreS undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts. Independent examlneVs ststemènt In connection with my examination, no matter has come to my attention= which gives us reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that.. proper accounting records are kept in accordance with section 130 of the 2011 aGt,' and accounts are prepared which agree with Ihe accounting records and comply with the accounting requirements of the acl,. or to which, in our opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. DWDT Advisors Ltd Page 5
GULZAR E MADINA ISLAMIC WELFARE TRUST BALANCE SHEET AT 31 MARCH 2024 Note 2024 2023 Tangible fixed assets Tangible assets 1,007,149 1,007,223 Current assets Bank account Debtors 192.359 178.831 1.133 192,359 179,964 Creditors Amounts falling due within one year 24,038 18,274 Net current assets 168,321 161,690 Total assets less current liabilities 1,175,470 1.168,913 Creditors Amounts falling due after one year Net assets 1,175.470 1,168.913 Capital funds Unrestricted funds 1,175,470 1,168,913 Total funds 1,175,470 1,168.913 Approved by the trustees on 20.1 and signed on their behalf by.. M A Abdullah as Chaimian The annexed notes form part of these financial statements. Pag8 6
GULZAR E MADINA ISLAMIC WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024 Totsl funds 2024 Total funds 2023 Unresfd funds Note Incoming resources Incoming resources from generated funds= Voluntary income 125,217 125.217 132,139 Activities to generate funds Investment income 125,217 125,217 132.139 Incoming resources from charitable activities Total incoming resources 125,217 125,217 132,139 Resources expended Costs of generating funds 88.840 88,840 49,192 Charitable activities 25,720 25.720 32,160 Governan costs 4,100 4,100 3,932 Total resources expended 118,660 118,660 85,284 Net movement in funds 6,557 6,557 46.855 Total funds broughtforward 1,168,913 1,168,913 1,122,058 Total funds carrled forward 1,175,470 1,175,470 1,168,913 Page 7
GULZAR E MADINA ISLAMIC WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE PERIOD ENDED 31 MARCH 2024 2024 2023 General fund Opening balan Surplus for the year 1,168,913 6,557 1,122.058 46,855 1.175,470 1,168,913 Deslgnated fund Opening balance Total funds at 31 March 2024 1,175,470 1.168,913 Page 8
GULZAR E MADINA ISLAMIC WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Accounting pollcies The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of ReGoTnmended Practi.. Accounting and Reporting by Charities {SORP), and applicable UK Accounting Standards. Incoming resources Incoming reSoUrS are a¢¢ounted for on a reiptS basis. Resources expended All expenditure is accounted for on an accruals basis. Fund accounting The general fund is an unrestricted fund, which may be used at the trustees discretion. Designated funds are unrestricted funds, thal have been set aside for a specific purpose by the trustees. Restricted funds are funds subject to specific conditions itnposed by the donors. Investment income Income from investments, induding bank interest, 15 accounted for on a receipts basis. Grants received Grants received are Ireated in accordance with the terms of the grant. Tangible fixed assets Freehold property Plant and machlnery Total Cosl.. At 1 April 2023 Additions 678 Disposals 1,002,889 8,333 1,011,222 678 At 31 March 2024 1.002,889 9,011 1.011.9 Depreciation: At 1 April 2023 Charge for the year Elirninaled on Disposals 3.999 752 3,999 752 At 31 March 2024 4,751 4,751 Net book value= Al 31 March 2024 1,002,889 4,260 1,007,149 Al 31 March 2023 1,002.889 4,334 1,007.223 Page 9
GULZAR E MADINA ISLAMIC WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Creditors Amounts falling due within one year'.- 2024 2023 Accruals and deferred income Loan PAYE, Wages and Pension 800 10,500 12.738 14,500 2,974 24,038 18,274 Incoming resources Rest'd income funds 2024 Unrest'd funds 2024 Total funds 2024 ToLql funds 2023 Voluntary income Donations Gift aid Grants 101,701 23.516 101,701 23,516 113,702 18,437 125.217 125,217 132,139 Activities for generating funds Fees received Incoming resources from charitable activities Fees received Investment income Interest Page 10
GULZAR E MADINA ISLAMIC WELFARE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Costs of generating funds 2024 2024 2023 2023 Imam {Priest) Islamic Teacher Printing, postage and stationery Insurance Rent and rates Lighl and heat Function costs Repairs and renewals 49,933 4,764 160 3,473 1,520 8,102 830 20,058 34,500 3,412 3,251 1,195 5.306 1.528 88,840 49.192 Charitable activities 2024 2024 2023 2023 Donations 25,720 32,160 25.720 32,160 Govemancè costs 2024 2024 2023 2023 Professional fees Bank interest and charges Sundries Depreciation Cleaning and laundry 945 463 85 752 1.855 890 410 92 765 1,775 4,100 3,932 Page11
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