CHARITY REGISTRAlloN NUMBER: 1155410 Jamia Masjid and Islamic Centre Slough Company Limited by Guarantee Unaudited Financial Statements 31 May 2024 MERIDIAN INSIGHT Accountants & Ststutory Auditors Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshir8 SL13FQ Jamia Masjid and Islamic Centre Slough Company Llmlted by Guarantee Financial Statements Year ended 31 May 2024 Pages Trustees. annual report (incorporating the directorfs report) 1to3 Independent examinefs report to the trustees Statement of financial activities (induding income and expenditure account) Statement of financial position Notes to the financial statements 7t012 Jamia Masjid and Islamic Centre Slough Company Limited by Guarantee Trustees. Annual Report Yearended 31 May 2024 The trustees, who are also the directors for the purposes of company law, present thelr report and the unaudited flnancial statements of the charlty for the year ended 31 May 2024. Reference and administrative details Registernd char5ty name Jamla Masjid and Islamic Centre Slough Charlty reglstratlon number 1155410 Prlnclpal office and reglstered 83 Stoke Poges Lane Slough Berkshir& SL13NY The trustees Mr M F Mehar Mr L Khan Mr S Rasul Mr M Ikram (retlred Dec'23) Mr M Ayub Mr A MirLa (resigned Aug'23) MsBALaIa MsSRKhan Mr M U Ansarl Mr R Khan (appolnled Aprf24) Mr B Mahmood (appointed Aprf24) Company secretary Mr M F Mehar Independent examlner Bilal Amin ACA, FCCA Structure. governance and management Govemlng document The charity Is constituted as a Gharltable trust reglstered with the Charfty Commlssion under charty number 1077156 and Is govemed by a trust deed. Organlsatlonal structure The trustees are fully responslue for the management of the Masjid and give their time free of charge and recelve no remuneration or other financial benefits. Th8 charity also has a team of volunteers to help the trustees to carry out th6lr dutles. The trustees have regular meetings and are responsible for all decisions tsken in relation to the running of the Mosque and the Centre and the activities provided by the charity. They are also responsible for the collection and distribution of Zakat, Sadaqa and Fltrana. Jamia Masjid and Islamic Centre Slough Company Limited by Guarantee Trustees. Annual Report (¢onrfnu8d) Year ended 31 May 2024 Recrultrnent and appolnlment of tntsie8S The existing trustees are responsbi le for the recrultsnent of new trustees arKI seek vrews and guldan of elders to have a better relationship wilh th8 local ￿rnMunty. Inductron and training of trustees Newly appolnted trustees are Entroduced to their new role and are given copies of the trust deed. New trustees work with existing trustees assistirKJ on activities and projects run by the charity. Risk management The trustees have assessed the risks the dwity faces and have idenlified the major risks areas and have drawn contingency plans to deal with those risks. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been idenlified. Insurance cover is in place and finances of the Mosque are kept under review. Objectivos and actfvitles We have referred lo the guKlarKe contained n the Charity Commlsslon's ger￿al guldarKe on pubtfc benefft wh8n reviewing ow aims and objectives arKI in pJannlrKJ our fubjre actsvities. Our alms The objedives of tr* charity are sel out In the charws trust deed arKJ are summarised as fotlows: To establish a mosque and educational centre in Slwgh to wopagate Islam accord￿9 to Quran and Sunnah. to establish a madrassah for religious education of Muslim chlldren, to estsblish a Ilbrary of Islamic books, to hold religious festfvals, to collect and distribute Sadaqa and Zakat accordtng to Shariah and to ctrOp￿ate aswell as fiaise with other opJanisations pursulThJ sln7ilar aims and objectives. To advance the education and provide facllities for the interest of all residents of Slough with the aim of improving the conditions of their lives. To provide religious facilities and to PTomote cullural harnNry in the local Muslim communlty. Strategies We want to make our Mosque an accessU8 and welcix)Nng venu8 wkwe all Muslims, as well as those who wish to know more about ow faith, come logether to leam aboul the religion and worship. The fvlosque is always open for daily prayers ¥￿th the FrKlay prayer being a focus of our activities. An important part of our failh is charitable giviNJ in a(xx)rdance with Islamic guklance. We collect Sadaqa, Zakat and Fthna and dislrbute them to the needy persons to relieve poverty and fnancial hardship. We also provide educalion and otherleaming actsvtties atour Mosque including seminars forthe benefits of the local COmff￿nty. Most of our aclivitses are free arKI are supported by donations. Grant-making policy Those attending our Mosque have given generously to n of general volunteers. Income from contracts for the supply of 8ervlce8 18 recognlsed wlth the dellvery of Ihe contracted servlce. Thls Is cl8sslfied as unrestrlcted funds unles8 there 18 a contractual requlrement for St lo be spent on a partlcular purpose and retumed If unspent, In whld) casa It may be regarded as restrEcted. Re8ources expended Expend￿Ure18 recognlsed on an accruals bas18 as a Ilablllty Is Incurred. Exp8ndlture Includes any VAT whlch cannot be fully recovered, and Is ¢1￿[rIed under headings of Ihe statement of financlal actlvltles to whlch It relates: expenditure on raislng funds Indudes the costs of all fundr81slng actfvltles, events. non- charftable tradlng aGtlvltle$, and the sale of donated good8. expendlturo on ¢haritable actlvitle8 Includes all costs Incurred by a charity In undertaking actlvitles that further Its charltable alms for the benefit of Its beneficlarles, Including those support costs and costs rolatlng to the govemance of the charfty apportioned to charltable activitles. other expendlture Includes all expendlture that Is nelther related to ralslng funds forthe charlty nor part of its expenditure on charitable activities. All costs are allocated to expendlture categorles reflecllng the use of the r88ource. Dlrect costs attributable to a single actNity are allocated dlrectly to thal 8Ctivty. Shared costs are apportioned between the aciivities they contribute to on a reasonable, Justifiable and conslstent basis. Tanglble a88et8 Tanglble assets are Initially recorded at cost and subsequenty stated at cost less any accumulated depreclatlon and Impalmient losse5. Any tanglble assets carrled at revalued amounts are recorded at the fair value at the date of revaluallon less any subsequent accumulated depreciation and subsequenl accumulated impaimient losses. Jamia Masjid and Islamic Centre Slough Company Limited by Guarantee Notss to the Financlal Statements (¢onthwd) Yearended 31 May 2024 Accountlng pollcles (cothu6 Flnanclal Instruments (A)ndnthdJ An increase in the carryqng amount of an a&8et as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impaim*nt that has previously been recognised as expenditure within the ststement of financtal activtties. A decrease in the carying amount of an asset as a rasult of revaluation. is recognised in other recognlsed galns and losses. except to which it offsets any prevlous revaluation gain. in which case the ktss Is shown withln olher recognised gains and losses on the statement of financ#al actsvitses. Inv8stm•nt property Imiestment property is initially recorded at o)sl, ￿th1¢h indudes purchase price and any directly attrlbutsble expendiiure. Inv8Strnent property is revalued to its fair value al each reporting date and any changes in fair value a￿ recognised in income or expenditu￿. If a reliable measure of fair value is no longer available without undue cosl or efftirt for an item of investment property, it shall be transferred to langible assets ar￿ treated as such unlil Itls expected that falr value wlll be rellably measurable on an OTh￿00ng basls. Llmited by guarantee The Gharity is a public b8n8fft entity and a cjwitsble iw)rp￿ted organisation. The niemb8rs' liabilty is limited to the assets of the charity. Net galns on InvoStm•nts Unrestrlcled Tolal Funds Unrestricted Tolal Funds Fur 2024 Funds 2023 Gainsl(losses) on aquisiiion of tangible fixed assets 32.250 32250 4,394.171 4.394.171 Staff costs The average head count of employees during the year vras Nil (2023". Nil). No employee recelved employee beneffits of more than £60,000 during the year (2023: Nil). Trustse remuneratlon and expenses All trustees are volunteets. No trustee received any remuneratlon orother benefits from the charfty. Jamla Masjid and Islamic Centre Slough Company Llmlted by Guarantee Notes to the Flnanclal Statements (¢ondnued) Year ended 31 May 2024 & Tanglble fixed assets Freehold Fixiures and property fittlngs Total Cost Al 1 June 2023 Additions 4.903,005 32,250 4,935.255 110,683 5,013,688 32,250 5,045.938 At 31 May 2024 Depreclatlon At 1 June 2023 and 31 May 2024 Carrylng amount At 31 May 2024 At 31 May 2023 110,683 4.935.255 4.903.005 110,683 110,683 5,045,938 5.013,688 Investments Investment propertles Cost or valuatlon At 1 June 2023 and 31 May 2024 Impalmient At 1 June 2023 and 31 May 2024 Carrying amount At 31 May 2024 At 31 May 2023 1.124,320 1,124.320 1.124,320 I Investments shown above are held at valuation. The trustees believè that all Investment propertles as shown above are held at current valuation. 10. Debtor8 2024 2023 Sundry debtors 1,558 1,558 10 Jamia Masjid and Islamic Centre Slough Company Llmited by Guarantee Notes to the Flnancial Statements (¢onthu•dJ Year ended 31 May 2024 11. Anatysls of charltable funds Unrestrlcted funds GalrB and At losses 31 May 2024 1 Juna 2023 General funds 6,139.566 32,250 6.171.816 Gains and At losses 31 May 2023 1 June 2022 General funds 1.745.395 4.394.171 6.139,566 12. Analysls of net assets between funds Unreslrkted Total Funds Funds 2024 Tangible fred assets Investments Current assets 5,045,938 1.124.320 5,045.938 1,124,320 Net assets 6,171.816 6,171.816 Unrestricted Tolal Funds Funds 2023 Tangible fixed assets Investments Current assets 5,013,688 1,124,320 1,558 6,139,566 5,013,688 1.124,320 1.558 6,139,566 Net assets 11