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2024-03-31-accounts

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

REPORTS

AND

FINANCIAL STATEMENTS

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

ATS Accountants Ltd Globe House Globe Park Moss Bridge Road Rochdale OL16 5EB

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YE A R ENDED 31 MARCH 2024

CONTENTS

PAGE
GENERAL 1
REPORT OF THE OFFICERS 3
REPORT OF THE ACCOUNTANTS 5
REPORT OF THE INDEPENDENT EXAMINER 6
BALANCE SHEET 7
INCOME AND EXPENDITURE ACCOUNT 8
SOURCE AND APPLICATION OF FUNDS 9
NOTES FORMING PARTS OF THE ACCOUNTS 10 – 14

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

GENERAL

Registered Charity Number 1133257

ADDRESS

88 Featherstall Road North Oldham OL9 6BX

Committee from 23 January 2024

HONORARY Officers

Mr. Muhammad Abdul Karim Mr. Mohammad Habibur Rahman Mr. Mohammed Nowab Ali Mr. Mohammed Shopik Maih Mr. Soyl Miah Mr. Muzahid Khan Mr. Aftab Miah Kahar Mr. Mohammed Abdul Hashim Mr. Aftab Miah Mr. Mohammed Moukhtar Ali Mr. MD Afaz Uddin

Chairman Vice Chairman Vice Chairman Vice Chairman Vice Chairman Secretary Assistant Secretary Treasurer Assistant Treasurer Motolli Assistant Mottolli

EXECUTIVE COMMITTEE MEMBERS

Mr. Anwarul Islam Mr. Abdul Malik Ahmed Mr. Mohammed Adnan Aziz Mr. Shamru Miah

Mr. Badsha Miah Mr. Saddikur Rahman Mr Mohammed Abdus Satter Mr Abdul Kadir

CUSTODIAN TRUSTEES

Mr. Syed Suruk Azhar Miah Mr. Abdus Sobhan Mr. Mohammed Mahmod Miah

ACCOUNTANT/ INDEPENDENT EXAMINER

ATS Accountants Ltd Globe House Globe Park Moss Bridge Road Rochdale OL16 5EB

BANKERS

Natwest Bank Oldham Branch 10 Yorkshire Street Oldham OL1 1QT

1

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

GENERAL

Registered Charity Number 1133257

ADDRESS

88 Featherstall Road North Oldham OL9 6BX

Committee up to 22 January 2024

HONORARY Officers

Mr. Muhammad Abdul Karim Mr. Mohammed Abdul Hashim Mr. Aftab Miah

Secretary Treasurer Assistant Treasurer

EXECUTIVE COMMITTEE MEMBERS

Mr. Mohammad Habibur Rahman

Mr. Mohammed Mahmod Miah Mr. Muzahid Khan Mr. Mohammed Nowab Ali Mr. Mohammed Shopik Maih Mr. Abdul Malik Ahmed

CO-OPTED MEMBERS

Mr. Aftab Miah Khar Mr. Anwarul Islam Mr. Mohammed Adnan Aziz Mr. Shamru Miah Mr. MD Afaz Uddin Mr. Soyl Miah

CUSTODIAN TRUSTEES

Mr. Mohammed Moukhtar Ali Mr. Syed Suruk Azhar Miah Mr. Ustar Ali Khan (Oct 22)

ACCOUNTANT/ INDEPENDENT EXAMINER

Globe House Globe Park Moss Bridge Road Rochdale OL16 5EB

BANKERS

Natwest Bank Oldham Branch 10 Yorkshire Street Oldham OL1 1QT

2

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

REPORT OF THE OFFICERS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

The Honorary Officers present their report on the affairs of the Oldham Central Masjid & Islamic Centre, together with The Officers have, as required by the Charity Act prepared financial statements for the year ended 31 March 2024 which The Charity has been keeping proper accounting records which disclose with reasonable accuracy at any time the financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

1. PRINICIPAL ACTIVITIES

The principal activity of the Charity is to provide religious facilities for the followers of the Islamic faith, to establish, manage and maintain the Central Masjid in accordance with Islamic principles and values and to offer provision for Islamic teachings and wider community facilities where necessary and appropriate.

The Charity aims to provide public prayer facilities 5 times a day 365 days a year. To provide facilities for funeral prayers as well as Eid prayers. To provide Islamic education classes for children as well as Adult Islamic classes for both men and women. To have awareness raising sessions around health and community welfare issues.

Review of achievements and performance

Over the course of the year it has been a challenging year having to deal with structural staffing issues as well as making organisational improvements for the long-term stability of the Charity. We had obtained planning permission to replace our temporary portacabin structure to a permanent 3 story brick-built building. However we had to re-apply for planning permission, following consultation with congregation members, to make the building bigger.

We continue to provide Quranic education for adults and children. We continue to accommodate school visits so that children from all backgrounds can learn about Islam and physically see what a Mosque looks like. Our Nikkah service continue to offer Islamic marriage provision for people who wish marry in accordance with sharia law. Our funeral service continue to offer a full range of services to families who have lost loved ones whether at home or in hospital.

Overall it has been a year where we are we are making improvements for the longer term. Making changes brings it own challenges but we need to make those changes as part of the continues improvement plan for this Charity.

3

2. RESERVES POLICY

Upon advice from the financial advisors of the charity, the Trustees have implemented the following reserves policy for the cash reserves of £809,315 held as at 31 March 2024 at the end of the financial year.

  1. £70,000 has been ring fenced to cover 6 months of operational costs for the Charity, to include salaries, utilities, insurances and other running costs of the Charity.

  2. £650,000 is ring fenced for Capital Projects.

  3. The remaining £89,315 is General Reserves.

3. ASSETS

Information relating to details of assets is given in Note 2 to the accounts.

4. ACCOUNTANTS

The Officers will place a resolution before the annual general meeting to continue the appointment of ATS Accountants Ltd as accountants of the Charity,

By order of the board

……………................................................... Muhammad Abdul Karim (Chairman)

Date: 31 December 2024

4

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

ACCOUNTS FOR THE YE A R ENDED 31 MARCH 2024

Accountant's Report to the Unaudited Financial Statements to the Officers of OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages 6 to 13 and you consider that the charity is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.

ATS Accountants Globe House Globe Park Moss Bridge Road Rochdale OL16 5EB

5

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

Independent examiner’s report to the trustees

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2024.

Respective responsibilities of trustees and examiner

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison 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 matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given 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.

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Chartered Institute of Public Finance and Accountancy (CIPFA).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

Shahedul Alam BSc (Hons) FCPFA On behalf of ATS Accountants Ltd

6

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 BALANCE SHEET AS AT 31 MARCH 2024

Fixed assets
Notes
Tangible assets
2
Current assets
Debtors and Prepayments
3
Cash at Bank & in Hand
4
Net current assets
Creditors: Amounts falling
due within one year
5
Interest Free Loan
10
Other Creditors
Net Assets
Funds
Unrestricted Funds
Balance brought forward
Prior Year Adjustment
Surplus for the year
Revaluation Reserve
Balance Carried Forward		 £
-
809,315		 2024
£
3,259,750
809,315
(206,298)
(2,017)
3,860,750
2,662,724
-
50,010
1,148,016
3,860,750		 £
-
772,951		 2023
£
3,245,488
772,951
(206,298)
(1,401)
3,810,740
2,513,518
-
149,205
1,148,016
3,810,740

The financial statements were approved by the board of officers and signed on behalf of the officers by:

.................................................... Muhammad Abdul Karim (Chairman)

Date: 31 December 2024

The accompanying notes form an integral part of these accounts.

7

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME AND EXPENDITURE ACCOUNT

Notes
Income
7
Donations and Gifts
Funeral Services
Other Income
Grant Income
Less: Cost of sales
12
Less: Admin Expenses
8
Surplus on Ordinary
Activities for the year
Surplus Brought Forward
Prior Year Adjustment
Surplus Carried Forward		 £
3,214
439,562		 2024
£
265,617
185,856
41,314
-
492,787
(442,776)
50,010
2,662,724
-
2,712,734		 £
13,394
366,789		 2023
£
304,812
162,647
52,702
20,506
540,668
(380,183)
149,205
2,513,518
-
2,662,724

The charity has no recognised gains or losses other than those shown in the Income and Expenditure Account for the above

The accompanying notes form an integral part of these accounts.

8

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

RECONCILIATION AND ANALYSIS OF MOVEMENTS ON THE FUNDS

Unrestricted Funds
Income (Donations,
Gifts and Others)
Interest Free Loans
Other Loans
Opening Value of
Funds
Funds Available for
Use
Funds Used:
Cost of sales
Admin Expenditure
Capital Expenditure
L&B
Capital Expenditure
F&F
Capital Expenditure
Vehicles
Other Creditors
Karz Hasna
Loan Increase
Loan Repayments
Closing Value of
Funds
Balance at Bank
Account 1
Balance at Bank
Account 2
Balance at Bank
Account 3
Balance at Bank
Account 4
Cash in Hand
Funds in Hand		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Unrestricted and Restricted Funds
2023
Unrestricted and Restricted Funds
General
£
Designated
£
Total
£
General
£
Designated
£
Total
£
492,787
492,787
540,668
540,668
-
-
-
-
-
-
-
-
-
-
-
-
492,787
772,951		 -
-		 492,787
772,951		 540,668
654,305		 -
-		 540,668
654,305
1,265,738
(3,214)
(425,677)
(5,266)
(10,586)
(12,295)*
615
-
-		 -
-
-
-
-
-
-
-		 1,265,738
(3,214)
(425,677)
(5,266)
(10,586)
(12,295)*
615
-
-		 1,194,973
(13,394)
(367,543)*
(7,663)
(10,996)
-
(4,410)
420
(18,435)		 -
-
-
-
-
-
-
-		 1,194,973
(13,394)
(367,543)*
(7,663)
(10,996)
-
(4,410)
420
(18,435)
809,315 - 809,315 772,951 - 772,951
6,692
745,518
6,411
41,576
9,118
809,315		 23,792
730,631
-
-
18,528
772,951

Depreciation costs have been removed from Admin Expenditure to reconcile movement of cash and bank funds * *Capital Expenditure on vehicles is exclusive of £1,705 contributed by disposal of existing vehicles for partexchange for a new Hearse required by the Charity for Funeral Activities**

9

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS

1. STATEMENT OF ACCOUNTING POLICIES

The principal accounting policies of the Charity are set out below:

a) The Accounts are prepared under historical cost convention.

b) Tangible fixed assets

Tangible Fixed Assets are stated at cost and depreciated over their expected lives or anticipated length of use by the Charity in order to write off the cost less estimated residual value. In the opinion of the charity officers, current value is more than its cost. Therefore, no depreciation is provided.

Land & Building 0% Straight Line Fixtures and fittings 15% Reducing Balance Motor vehicles 20% Reducing Balance

c) Income

Income comprises the value of Donations and Gifts, sponsors, Tax refunds as well as Interest on Bank Account and VAT where appropriate.

d) Expenditure

The expenses are inclusive of VAT where appropriate.

2. TANGIBLE FIXED ASSETS

Cost/ Revaluation
at 01 April 2023
Revaluation
Additions (Works
in progress)
Disposals
At 31 March 2024
Depreciation
At 01 April 2023
Charges for the
Year
At March 2024
Net Book Value
At 31 March 2024		 Land &
Building
Fixtures &
Fittings
Motor Vehicles
Total
3,186,798
118,984
8,500
3,314,282
-
-
-
-
5,266
10,586
14,000
29,852
-
-
(1,705)
(1,705)
3,192,064
129,570
20,795
3,342,429
-
62,603
6,190
68,793
-
10,964
2,921
13,885
-
73,567
9,111
82,677
3,192,064
56,003
11,684
3,259,750
At 31 March 2023 3,186,798
56,380
2,310
3,245,488

10

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS

3. DEBTORS

Amounts falling due within one period:
Amounts falling due after more than one period:
Total		 2024
2023
£
£
-
-
-
-
-
-

4. CASH IN HAND AND AT BANK

. CASH IN HAND AND AT BANK
Cash at Bank 1
Cash at Bank 2
Cash at Bank 3
Cash at Bank 4
Cash in Hand		 2024
£
6,692
745,518
6,411
41,576
9,118
809,315		 2023
£
23,792
730,631
-
-
18,528
772,951

5. CREDITORS

Amounts falling due within one year:
Interest Free Loans
Other Creditors:
PAYE
Accruals
Other creditors
Deferred Income		 2024
£
206,298
-
2,017
-
-
208,315		 2023
£
206,298
-
981
420
-
207,699

11

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS

6. PROVISION FOR LIABILITIES

Amounts falling due within one period:
7. INCOME
Donations & Gifts
Akth
Donations
Jummah
Masjid Boxes
Radio
Shop and House Boxes
Funeral Services
Other Income
Moktob Classes & Other Class Fees
Membership fees and subscriptions
Grant Income
Action Together
WEA
Total Income		 This year
Last year
£
£
Nil
Nil
-
-
2024
2023
£
£
8,020
7,610
119,510
149,935
112,419
114,658
15,771
16,412
4,665
7,860
5,232
8,337
185,856
162,647
35,931
34,992
5,383
17,710
-
1,000
-
19,506
492,787
540,668		 This year
Last year
£
£
Nil
Nil
-
-
2024
2023
£
£
8,020
7,610
119,510
149,935
112,419
114,658
15,771
16,412
4,665
7,860
5,232
8,337
185,856
162,647
35,931
34,992
5,383
17,710
-
1,000
-
19,506
492,787
540,668
540,668

12

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS

8. ADMINISTRATIVE EXPENSES

Accountancy Fees
App & Website Expenses
Bank Charges
Cemetery Fees
Charitable Donations
Cleaning
Equipment expensed
Funeral Service
Insurance
Just Giving
Legal & Professional Fees
Light and Heat
Materials for Masjid
Motor Expenses
Pensions
Repairs and Maintenance
Stationery and Printing
Sundry
Tax and PAYE
Telephone
Wages and Salaries
Water
WEA Expense
Depreciation:
F&F
Motor Vehicles		 2024
2,212
2,876
2,286
206,469
33,910
6,406
-
338
9,994
216
(7,615)
33,233
25,716
645
3,143
14,151
-
4,935
4,352
868
77,768
3,776
-
10,964
2,921
439,562*		 2023
1,401
1,588
2,161
186,938
14,057
1,018
689
2,749
9,649
216
16,693
16,473
4,353
-
1,745
4,492
3,612
592
2,982
321
74,460
1,849
19,506
9,949
577
378,069

Other Legal and Professional costs misallocations in PY corrected for in the current year. Payments for new Hearse were incorrectly allocated to this account in PY

13

OLDHAM CENTRAL MASJID AND ISLAMIC CENTRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS

9. CHARITABLE ACTIVITIES £
(Donations for People of Palestine)
From Charitable Donations 33,610
From Charitable Expenditure (33,610)
Remaining funds -
10. INTEREST FREE LOANS/ £ £
KARZ HASANA
Balance b/fwd 206,298 224,313
Interest Free Loans Increase - 420
Less Repaid - (18,435)
206,298 206,298
11. CAPITAL EXPENDITURE
2024 2023
£ £
Miscellaneous - -
Motor Vehicles additions
14,000		 additions -
Land & Buildings additions
5,266		 additions 7,663
Fixtures & Fittings additions
10,586		 additions 10,996
29,852 18,659
12. Cost sales :
2024 2023
£ £
Direct Labour 3,214 2,472
Purchase - 10,922
1,324 13,394

14