Majlis-E-Ishaatul Qur'aan Accounts 31 March 2024
Majlis-E-Ishaatul Qur'aan Charity Information for the year ended 31 March 2024
| Registered charity name: | Majlis-e- Ishaatul Qur'aan |
|---|---|
| Charity registration number: | 1136124 |
| Principal address: | 49 Donnington Street |
| Leicester | |
| LE2 0DE | |
| Trustees: | Mr O V Mahomed |
| Mr M I Pivji | |
| Mr M I Tarapuri | |
| Mr O I Tarapiri | |
| Shaykh Z I Tarapuri | |
| Independent examiner: | Mr N J Sacranie |
| Leicester Commercial Accountants | |
| 42 London Road | |
| Leicester | |
| LE2 5DH |
1
Majlis-E-Ishaatul Qur'aan Trustees' Report for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024
Objectives and activities
The principal activities of Majlis -E-Isha'atul Qur'an in the year under review were those of the registered charity and its principal object remain to provide Islamic education to the students in accordance with Sunni Muslim faith and to provide a facility where Muslims can worship.
Achievements and performance
The charity carries out Islamic education in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit both to those who worship at our Mosque and the wider community of Leicester.
Our Mosque provides a centre for our prayers and worship for the activities associated with our faith. During the year under review, we offered a range of religious services including: Prayers: The mosque is open for daily and Friday prayers. Hifz classes: Memorisation of the holy Qur'an is considered an important element of religious education and training. We continue to provide this facility for the young people in the Mosque.
Recruitment and Appointment of Trustees
The charity is governed by a board of trustees drawn from the local community. This is to ensure that the board has the skills and experience required to oversee the management of the charity and its operations.
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
Trustee Induction and Training
All new trustees receive a planned induction programme before taking up their place on the board. This includes an explanation of their roles and responsibilities, an introduction to other trustees, an overview of recent activities and an explanation of board format and process.
Risk management
The trustees have a risk management strategy which includes an annual review of the risks the charity faces and the establishment of systems and procedures to mitigate those risks and implementation of procedures designed to minimise any potential impact on charity should those risks materialise.
Reserves Policy
The trustees aim to ensure that sufficient funds are maintained to enable the charity to carry out its activities.
Financial review
The charity reported a profit of £20,515 (2023 loss of £822) for the year The detailed results are set up in the accounts.
Signed on behalf of the trustees
Mr O I Tarapuri
Trustee
2
Majlis-E-Ishaatul Qur'aan
Approval statement
We approve the accounts which comprise of the Statement of Financial Activities, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing you with all information and explanations necessary for their compilation.
O I Tarapuri
26 December 2024
3
Majlis-E-Ishaatul Qur'aan
Independent Examiner's Report to the Trustees of Majlis-E-Ishaatul Qur'aan
I report on the accounts of Majlis-E-Ishaatul Qur'aan for the year ended 31 March 2024. which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
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 Charities Act 2011 (the 2011 Act) and an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with 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
In connection with my examination, no matter has come to my attention:
i) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance 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
ii) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
N Sacranie Leicester Commercial Accountants
26 December 2024
4
Majlis-E-Ishaatul Qur'aan Profit and Loss Account for the year ended 31 March 2024
| Note INCOMING RESOURCES Incoming resources from generating funds: Donations Incoming resources from charitable activities: Madressa Fees Gift Aid TOTAL INCOMING RESOURCES 2 Interest received RESOURCES EXPENDED Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Advertising and business entertainment costs Bank, credit card and other finance charges Charitable activities TOTAL RESOURCES EXPENDED 2 NET INCOMING/ (OUTGOING) RESOURCES FOR YEAR |
2024 £ 83,450 37,678 3,296 124,424 275 - - 350 33 103,801 104,184 20,515 |
2023 £ 27,307 62,240 4,699 94,246 51 1,320 149 1,950 - 91,700 95,119 (822) |
|---|---|---|
5
Majlis-E-Ishaatul Qur'aan Balance Sheet as at 31 March 2024
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Current assets Trade debtors Bank/building society balances Cash in hand Current liabilities Trade creditors Other liabilities and accruals Net current liabilities Net assets Capital account Balance at start of period (Deficit)/Surplus for the year Trustee |
1,750 23,487 151 25,388 50 44,241 44,291 |
2024 £ 297,022 (18,903) 278,122 257,607 20,515 278,122 |
1,750 30,111 151 32,012 43 40,004 40,047 |
2023 £ 265,642 (8,035) 257,607 258,429 (822) 257,607 |
|---|---|---|---|---|
O I Tarapuri
6
Majlis-E-Ishaatul Qur'aan Notes to the Accounts for the year ended 31 March 2024
1 Accounting basis
The accounts have also been prepared with the Statement of Recommended Practiced (SORP) - "Accounting and Reporting by Charities" issued by the Charity Commissioners in England and Wales
Income
Income is accounted for on a receipts basis.
Resources expended
Resources expended are accounted for as the liability is incurred.
Expenditure includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Funds
All funds comprise unrestricted funds. There are no restricted funds.
Tangible fixed assets and depreciation
Plant and equipment is depreciated at 25% reducing balance. Freehold premises are not depreciated.
2 Income and Expenditure
| Income Donations Madressa fees HMRC Gift Aid Expenditure Depreciation Insurance Light and heat Repairs & maintenance Subscriptions and library Stationery & printing Telephone and internet Cleaning Accountancy charges Wages and salaries Rates Other business income Interest receivable Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Software Advertising and business entertainment costs Advertising and PR Bank, credit card and other finance charges Bank charges Surplus/(Deficit) for the year |
2024 £ 83,450 37,678 3,296 124,424 120 934 12,217 607 198 2,284 510 - 180 83,018 3,733 103,801 275 - - 350 33 20,515 |
2023 £ 27,307 62,240 4,699 94,246 120 808 9,567 6,599 202 1,516 801 150 180 71,757 - 91,700 51 1,320 149 1,950 - (822) |
|---|---|---|
7
Majlis-E-Ishaatul Qur'aan Notes to the Accounts
for the year ended 31 March 2024
3 Plant, machinery and motor vehicles
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Plant and machinery £ 12,505 - 12,505 9,987 120 10,107 2,398 2,518 |
Land & Buildings £ 263,124 31,500 294,624 - - - 294,624 263,124 |
Total £ 275,629 31,500 307,129 9,987 120 10,107 297,022 265,642 |
|---|---|---|---|
8