**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