## **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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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**