REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1142310
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Masjid-E-Owais-E-Qarni
Karbhari & Co. Chartered Accountants 133 Ley Street Ilford Essex IG1 4BH
Masjid-E-Owais-E-Qarni
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Masjid-E-Owais-E-Qarni
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2019).
The trustees present their report with the financial statement of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
Transaction and Financial position .
The financial statements are set out on pages 5 to 12. The financial statements have been prepared, by implementing the Charity SORP FRS102.
Charity's main objectives and activities
The main objectives of the charity continued to be of help practising, promoting and perching religion, by providing place of worship,regular prayers being held five times a day, Marriage(Nikah), burial arrangement on death and school for young children.
Achievement and performance
The main achievements of the charity during this year were to continue successfully with its main activities in the furtherance of its objectives.
The charity's grant making policies
In special circumstance, where when people are displaced, because of earthquake, floods or any other natural disaster. Structure and decisions
The decisions are made by trustees and elected committee members. The trustees are permanent members, and the committee members are elected every two years by voting.
Relationship with other groups, charities and individuals
The Charity maintains good working relations with other registered Charities.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales)
Registered Charity number
1142310
Registered office
103-107 Belgrave Road Ilford Essex IG1 3LG
Page 1
Masjid-E-Owais-E-Qarni
Report of the Trustees
for the Year Ended 31 March 2025
Trustees
I Ahmed S Adam A Patel A Mohammad G Ahmed
Statement of Trustee's Responsibilities
Law applicable to charities in England and Wale requires the trustees to prepare financial statement for each year which give true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP:
-
State whether applicable UK Accounting Standard have been followed, subject to any material departure disclosed and explained in the financial statement: and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
-
continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity enable them to unsure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulation 2008 an the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
On behalf of the board of Trustees
Company Secretary
Independent Examiner
Karbhari & Co Karbhari & Co. Chartered Accountants 133 Ley Street Ilford Essex IG1 4BH
Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:
S Adam - Trustee
Page 2
Independent Examiner's Report to the Trustees of Masjid-E-Owais-E-Qarni
I report on the accounts for the year ended 31 March 2025 set out on pages four to eight. 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 that an independent examination is required.
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 the 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
accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) 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 to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Karbhari & Co The Institute of Chartered Accountants in England and Wales
Karbhari & Co. Chartered Accountants 133 Ley Street Ilford Essex IG1 4BH
Date: .............................................
Page 3
Masjid-E-Owais-E-Qarni
Statement of Financial Activities for the Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Repairs & Renewals Wages Legal Fees Light & Heat Insurance Telephone Rent & Rates Equipment Hire Bank Loan Interest PPS Advertising Mosque Books Donation Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 314,714 47,017 54,135 415,866 14,985 91,711 1,500 13,222 5,206 963 8,922 367 41,359 - 14 2,936 11,155 192,340 223,526 2,595,337 2,818,863 |
Restricted fund £ - - - - - - - - - - - - - - - - - - - - - |
31.3.25 Total funds £ 314,714 47,017 54,135 415,866 14,985 91,711 1,500 13,222 5,206 963 8,922 367 41,359 - 14 2,936 11,155 192,340 223,526 2,595,337 2,818,863 |
31.3.24 Total funds £ 269,361 41,991 34,515 |
|---|---|---|---|---|
| 345,867 | ||||
| 11,739 - - 21,686 6,985 704 91,453 517 41,359 53 - - 5,000 |
||||
| 179,496 | ||||
| 166,371 2,428,966 |
||||
| 2,595,337 |
The notes form part of these financial statements
Page 4
Masjid-E-Owais-E-Qarni
Balance Sheet 31 March 2025
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 3,063,345 95,832 (8,528) 87,304 3,150,649 (331,786) 2,818,863 |
Restricted fund £ - - - - - - - |
31.3.25 Total funds £ 3,063,345 95,832 (8,528) 87,304 3,150,649 (331,786) 2,818,863 2,818,863 2,818,863 |
31.3.24 Total funds £ 3,063,345 80,805 (5,142) 75,663 3,139,008 (543,671) 2,595,337 2,595,337 2,595,337 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2026 and were signed on its behalf by:
S Adam - Trustee
The notes form part of these financial statements
Page 5
Masjid-E-Owais-E-Qarni
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals 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 activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Maddresa Fees | 47,017 | 41,991 |
Page 6
continued...
Masjid-E-Owais-E-Qarni
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Rents received | 54,135 | 34,515 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Repairs & Renewals Light & Heat Insurance Telephone Rent & Rates Equipment Hire Bank Loan Interest PPS Donation Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 269,361 41,991 34,515 345,867 11,739 21,686 6,985 704 91,453 517 41,359 53 5,000 179,496 166,371 2,428,966 2,595,337 |
Restricted fund £ - - - - - - - - - - - - - - - - - |
Total funds £ 269,361 41,991 34,515 |
|---|---|---|---|
| 345,867 | |||
| 11,739 21,686 6,985 704 91,453 517 41,359 53 5,000 |
|||
| 179,496 | |||
| 166,371 2,428,966 |
|||
| 2,595,337 |
continued...
Page 7
Masjid-E-Owais-E-Qarni
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Social security and other taxes 8,528 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.25 £ Other loans (see note 9) 331,786 9. LOANS An analysis of the maturity of loans is given below: 31.3.25 £ Amounts falling due between two and five years: Other loans - 2-5 years 331,786 10. MOVEMENT IN FUNDS Net movement At 1.4.24 in funds £ £ Unrestricted funds General fund 2,595,337 223,526 TOTAL FUNDS 2,595,337 223,526 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 415,866 (192,340) TOTAL FUNDS 415,866 (192,340) |
Freehold property £ 3,063,345 3,063,345 3,063,345 31.3.24 £ 5,142 31.3.24 £ 543,671 31.3.24 £ 543,671 At 31.3.25 £ 2,818,863 2,818,863 Movement in funds £ 223,526 223,526 |
|---|---|
continued...
Page 8
Masjid-E-Owais-E-Qarni
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 2,428,966 TOTAL FUNDS 2,428,966 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 345,867 TOTAL FUNDS 345,867 |
Net movement in funds £ 166,371 166,371 Resources expended £ (179,496) (179,496) |
At 31.3.24 £ 2,595,337 |
At 31.3.24 £ 2,595,337 |
|
|---|---|---|---|---|
| 2,595,337 | ||||
| Movement in funds £ 166,371 166,371 |
||||
| 166,371 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 2,428,966 2,428,966 |
Net movement in funds £ 389,897 389,897 |
At 31.3.25 £ 2,818,863 |
|---|---|---|---|
| 2,818,863 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 761,733 761,733 |
Resources Movement expended in funds £ £ (371,836) 389,897 (371,836) 389,897 |
Resources Movement expended in funds £ £ (371,836) 389,897 (371,836) 389,897 |
|---|---|---|---|
| 389,897 |
continued...
Page 9
Masjid-E-Owais-E-Qarni
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
Masjid-E-Owais-E-Qarni
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Flood Releif Donations | (1) | - |
| Donations | 314,087 | 266,226 |
| Fitrana/Sadqa | 628 | 3,135 |
| 314,714 | 269,361 | |
| Other trading activities | ||
| Maddresa Fees | 47,017 | 41,991 |
| Investment income | ||
| Rents received | 54,135 | 34,515 |
| Total incoming resources | 415,866 | 345,867 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 91,711 | 82,681 |
| Rates and water | 8,922 | 4,696 |
| Insurance | 5,206 | 6,985 |
| Light and heat | 13,222 | 21,686 |
| Telephone | 963 | 704 |
| Postage and stationery | - | 53 |
| Advertising | 14 | 14 |
| Bank Charges | 367 | 517 |
| Repairs & Renewals | 14,985 | 11,739 |
| Donation | 11,155 | 5,000 |
| Bank loan interest | 41,359 | 41,359 |
| 187,904 | 175,434 | |
| Support costs | ||
| Information technology | ||
| Mosque Books | 2,936 | 3,462 |
| Governance costs | ||
| Accountancy and legal fees | 1,500 | 600 |
| Total resources expended | 192,340 | 179,496 |
| Net income | 223,526 | 166,371 |
This page does not form part of the statutory financial statements
Page 11