2022-03-31-accounts

Registered Charity Number 1142310 Masjid-E-Owais-E-Qarni For The Year Ended 31 March 2022 Citi Aeeollntaney Ltd 6 Wilson CourL 6 Union Road Ron]ford, Essex RM7 OGR

Masjid-E-Owais-E-Qarni CONTENTS Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance sheet Notes to the financial statements Detailed Sialemenl of Financial Activities io

Masjid-E-Owais-E-Qarni Report of the Trustees for the Year Ended 31 March 2022 The trustees present their report with the financial statements of the charity for the year ended 31 March 2022 The trustees have adopied the provisions of the Siaiemenl of Recommended Praclice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1142310 Principal Address 103-107 Belgrave Road Ilford IGI 3LG Trustees Mr Saleh M Adam Mr Ifikhar Ahmed Mr Mohammed Ashrar Mr Ghafoor Ahmed Mr Adam Patel STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Risk management The trllstee8 have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 02 August 2023 and signed on ils behalf by: Mr Saleh M Adam- Trustee

Examiner's Report to the Trustees of Masjid-E-Owais-E-Qarni I report on the accounts for the year ended 31 March 2022 set out on pages four to eight. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accollnls. The charity's Iruslees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my re8ponsibilily lo.. examine the accollnls Under Section 145 of the 2011 Act lo follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5} (b) of the 2011 Act); and lo state whether particular matters have come to my attention. Basis of the independent examiner's report My examinaiion wa8 carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the aceounling record8 kept by the charity and a comparison of the accollnls presented with those records. It also includes consideration of any unusual items or disclosures in the accollnls, 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 18 given lo whether the accounls present a 'trlle and fair view and the reporl is limiied to Ihose matters sel out in the slalemenis below. Independent examiner's statement In connection with my examination, no matter has come lo my attention: (l) which gives me reasonable cause lo believe that. in any material respect, the requirements lo keep accounting records in accordance with Section 130 of the 2011 Act. and lo prepare accounts which accord with Ihe accounting records and to comply with the accounting requirements of the 2011 Act have not been met. or (2) lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Citi Accountancy Ltd 6 Wilson Court. 6 Union Road Romford, Essex RM7 OGR

Masjid-E-Owais-E-Qarni Statement of Financial Activities for the Year Ended 31 March 2022 2022 Total Funds 2021 Total Funds Unrestrieted Fund Restrieted Notes INCOMING RESOURCES Incoming resources from generated Volllniary income Investment income Incoming re%ources from Charitable activities Other incoming re4ource% Total Incoming resourees 228.556 12.990 6.426 1.554 249,526 228,556 12,990 6,426 1,554 249,526 144,674 6,504 5,310 15,830 172,318 RESOURCES EXPENDED Costs of generating funds Volllnlary income & Charitable activities Fundraising trading.. cost of goods sold and other costs Governance costs Finance cost Charitable activities 128.790 1282 16475 128,790 1,282 16,475 47,377 5,000 146,548 146,548 52,377 NET INCOMING RESOURCES 102,979 102,979 119,941 RECONCILL4TION OF FUNDS Total funds brollghi fonvard 1,891,280 1,891,280 1,771,339 TOTAL FUNDS CARRIED FORWARD 1,994,259 1,994,259 1,891,280 The notes form part of these financial slalemenls

Masjid-E-Owais-E-Qarni Balance Sheet as at 31 March 2022 2022 Unrestricted Funi Restricted Funi Total funds 2021 Total funds Note Fixed Assets Tangible assets 3,063,345 3,063,345 3,063,345 Current Assets Cash ai bank and in hand Prepayment8 and accrued income 156.558 672 157,230 156,558 672 157,230 210,038 1,445 211,483 Creditors: amounts falling due within one year (485) Nel cllrrenl assets 157,230 157,230 210,998 Total assets less current liabilities 3,220,575 3,220,575 3,274,343 Creditors: amounts falling due after more than one year (1,011,616) (1,011,616) (1,168,363) Nel assets 2,208,959 2,208,959 2,105,980 FUNDS Unrestricted funds 2,208,959 2,208,959 2,105,980 TOTAL FUNDS 2,208,959 2,208,959 2,105,980 The financial statements were approved by the Board of Trustees on 02 August 2023 and were signed on its behalf by.. Mr Saleh M Adam- Trustee The notes forn] part of these financial statements

Masjid-E-Owais-E-Qarni Notes to the Financial Statements For The Year Ended 31 March 2022 ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirement8 of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming re.8ource8 are included on the Statement of Financial Activities when the charity is legally entiiled to the income and the amount can be quantified with reasonable accuracy. Resollrces expended Expenditure is accounted for on an accrllals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to acliviiies on a basis consistent wilh Ihe use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over its eslimaled useful life. Fixtures and fittings 20Yo slraight-line method Taxation The charity is exempt from lax on its charitable aclivilies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives, al the discretion of the I￿steeS. Reslricied funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for partielllar restricted purposes. Further explanation of the nalllre and purpose of each fund is included in the notes lo the financial statements. 2. GRANT 2022 2021 Grants 1,554 15.830 3. BANK Cash ai hand Barclays Business Barclay8 Community Barclays Premium Ma8jid Receipt Book 144,276 9,450 2,231 601 197,884 8,690 2,232 1,232 156,558 210,038

1. Prepa￿ents and acerued income Prepayments (PAYE) Accrued income 672 1,445 672 1,445
2. INVESTMENT INCOME Interesi receivable Rents received 12,990 6,500 12,990 6,504
3. TRU.STEES' REMUNEIL4TION AND BENEFITS There were no trustees, reinuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. Trustees, expenses There were no tn]stees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. STAFF COSTS Wages and salaries 59,074 31,338 59,074 31,338 The average monthly number of employees during the year was as follows: No employees received emolllments in excess of £60,000.00
5. TANCIBLE FIXED ASSETS Freehold Property Improvements to Property Fixtures & Fittings Totals COST Ai l April 2021 Additions 3,t163,345 3,063,345 3,063,345 3,063,345 DEPRECIATION Ai l April 2021 Charged for the year At 31 March 2022 NET BOOK VALUE Ai 31 March 2021 3,063,345 3,063,345 Ai 31 March 2022 3,063,345 3,063,345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security 485 485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (more than l year)- Charity bank lid Loan - Interest Free 966,716 44,900 994,963 173,400 1.011,616 1,168,363

8. MOVEMENT IN FUNDS Nel movement in funds 01-Apr-21 AI 31.03.2022 Unrestricted funds General fund 2,105,980 102,979 2,208,959 Total funds 2,105,980 102,979 2208,959 Nel movement in funds, included in the above are as follows: Incoming Resourees Resourees Expended Movement in F Unrestricted funds General fund 249.526 (145,266) 104,261 Restricted funds General fund (1,282) 1,282 Total funds 249,526 (146,548) 102,979

Masjid-E-Owais-E-Qarni Detailed Statement of Financial Aetivities For The Year Ended 31 March 2022 INCOMING RESOURCES 2022 2021 Voluntary income Donations Gift aid Other income 214,523 4,006 10,027 68.343 76.331 228,556 144,674 Investment ineome Interest receivable Rents received 12,990 6,500 12,990 6,504 Ineoming resources from eharitable activities Madrassa Fee 6,426 5,310 6,426 5,310 Other Incoming resources HMRC JRS & other Grants 1,554 15,830 1,554 15,830 Total incoming resources 249,526 172,318 RESOURCE EXPENDED Costs of generating voluntary ineome Raising funds 1,282 5,000 Depreciation Consultancy fees Insurance Light and heat Raies Repairs and maintenance Postage and stationery Telephone and internet 6,330 3,127 10,644 753 20,984 1,922 721 7,636 1,199 424 607 42,444 11,902

Fundraising trading: cost of goods sold and other costs Bank loan inleresl Wages 27,273 59,074 86,346 4,137 31,338 35,475 Cyovernance costs Donaiions made 16,475 Other resources expended Rent and Rates Total resollrces expended 146,548 52,377 Net ineome 102,979 119,941 io