CHARITY REGISTRATION NUMBER: 1155972 Madni Muslim Community Centre Trust Unaudited Financial Statements For the year ended 31 December 2022 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardrff CF24 1 PU Madni Muslim Community Centre Trust Financial Statsments Year ended 31 December 2022 Page Trustees. annual report (incorporating the directols report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial activities Notes to Ihe detailed statement of financial activities 12 Madni Muslim Community Centre Trust Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2022 The trustees, present their report and the unaudited financial statements of the charity for the year ended 31 December 2022. R8ference and administrativo detsils Registered charity name Madni Muslirn knmunity Centre Trust Charity registration number 1155972 Company registration number Principal offlce and reglstered 1-3 Dalcross Street office Roath Cardtff CF24 4SE UK The tThstees Mr H Zaman Mr I Zaman Mr F Qazi Mr N Qamar IndepEndontexaminer SAK2020 Ltd. Chartered Certtfied Accountants Broadway House Broadway Cardiff CF24 1 PU structUTe, govemance and managgmant Goveming Documenl" The Madni Muslim Community Centre Trust wa5 registered with the charity comrnissioners on 28th February 2015. registration number 1155972 and is govemed under the trust deed executed 26th February 2014. Objectives and a¢tlvitles The object of the chaNty 15.. 1. To benefit the public by providing social, religious and recreational facilitie5 for the Muslim community in Cardiff and Wales. 2. To provide awarene&s of the Islamic faith to the general public and the Muslim community. 3. To encourage and facilitate corTbmunity and social cohesion arTK)ng vaiious faith and other [X)mTllUn￿eslIhe general public. 4. To a55iSt in the elimination of poverty amng the Muslirn (x)mmunity In Wales. 5_ To devekjp and frdcilitate interfaith dialogue between Muslims and those of other faiths or none. 6. To improve and encourage education and skills among the Muslim community in Cardiff. 7_ To organise and facilitate youth actNilies arwng the Muslim community. keeping our youth off the streets. Madni Muslim Community Centre Trust Trustees. Annual Report (Incorporating the Directofs Report) (contlnu8dJ Year ended 31 December 2022 AGhievements and perforniance During this year builéing work was undertaken. converting the propety into not just a community centre allowing local Muslirns lo gather for worship, bul also adding new flats above the premises providing an extra income for the centre_ The ￿ntre arranged various a¢livrties, including social gatherings, religious events and QuranÈc classes. The number of children attending the Quran classes has increased, thereby keeping our youth busy. The ￿tre hopes io maximise its full potential by being able lo 8￿0mm0￿ate a large quantity of children in various classes as well as worshippers 5 times a day. A new Imam has been appointed, and on the twstee's reque51, Mr. F. Qazi has taken on a posilion as supervisor of the centre. No expenses were incurred by the trustees. During the year Trust bought a house in Roath Park aw of Cardrff which is being rented out. Renlal income will k used towards day to day running cost of Ihe Trust. Flnanelal review Re5eTves Policy.. The charity generated a positive outcome for Ihe year ending 31st December 2021 with a nel increase in funds of £343,048. The brought forward fvnds of £590.938 have increased to £933,986. Small company provislon$ This report ha5 been p￿Pared in xcordance wrth the provisions applicable to companies entitled to the small companie5 exemption. The trustees, annual rewrt was approved on board of trustees by.. and signed on behalf of the Mr H Zaman Trustee amar Trust Madni Muslim Community Centre Trust Independent Examiner's Report to the Trustees of Madni Muslim Community Centre Trust Year ended 31 December 2022 We report to the trustees on our examination of the financial statements of Madni Muslim Commurbity Centre Trust I'lhe charity.) for the year ended 31 December 2022. Responsibilities and basis of report The Iruslees are responsible for the preparation of the accounts. The trustees consider that an audii is not required for this year under section 144{21 of the Charrties Act 2011 {the 2011 Act) and that and independent exarninab.on is needed. It is my responsibility to. Examine the accounts under section 145 of the 2011 Act follow the prO￿d￿re9 laid down in the general directions given by the Charity CommissDn {under secb.on 14515llbl of the 2011 Acll", and slate whether particulate matters have come to our attenlion. Independent examiner's statement sin￿ the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act We confirm that we are qualified to undertake the examination because we are a member of the Association of Chartered Certtfied Accountanls. which is one of the listed bodies. We have completed my examination. We confirm that no matters have come lo our attenb'on in connects'on with the examination giving me cause lo belEve'. al￿ountIng record5 were not kept in respect of the charity as required by section 386 of the 201% Act,. or Ihe finan￿al statements do not ￿COrd with Ihose records., or the financial statements do not comply with Ihe accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended Practi￿ for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applKable in the UK and Republic of Ireland (FRS 102}. We have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. •zokn 3iti . Independent Examiner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Madni Muslim Community Centre Trust Statsment of Financial Activities (including income and expenditure account) Year ended 31 December 2022 2022 Unrestr￿ted funds Total funds Total funds 2021 Notg Income and endowments Donations and legacies Investment income 359.636 19.512 359.636 19.512 97,815 9.600 Total income 379.148 379,148 107.415 Expenditure Expenditure on Charitsble aclivib.es Totsl expendltur¢ 36,100 36.100 36,100 36.100 54,130 54,130 Net Income and net movement in funds 343.048 343,048 53,285 Reconciliation of lunds Total funds brought forward Total funds carried forward 590.938 590,938 537.653 933.986 933,986 590.938 The slaterrent of f nancial aclivib'es includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities_ Tho notes on pages 6 to 9 form part of th9se ffinancial statements. Madni Muslim Community Centre Trust ststement of Financial Position 31 December 2022 2022 2021 Fixed assets Tangiblè fixed assets 10 830,753 560.353 Current assets Debto Cash al bank arLd in hand 11 7,600 140,633 7,600 79,529 148.233 87,129 Creditors: amounts lalling due wiihin one year Net current assets 12 148,233 978,986 86.585 Total assets less current liabilities 646,938 Creditors: amounts falling due after more than one year 13 45,000 933.986 56.000 Net assets 590,938 Funds of the charity Unrestricted fvnds 933.986 590,938 590,938 Totsl charity funds 15 933,986 For the year ending 31 December 2022 the charity was enb.tled to exempb'on from audit under section 477 of the Companies Aci 20C6 relating to small companies. Trustees, responsibilitEs- The members have not required the company to obtain an audit of its financial stslements for the year in question in accordance with section 476" The trust￿ acknowledge their responsibilities for complying with the requirements of the Act with respect to a¢wunting re¢tyds and the preparation of financial slatements. These financi81 slatements have been prepared in accordance wth the provisions applicable to companies subject lo the small companies, regime. These fillancial statements were approved by ffte tKJard of trustees and aulhorised for issue on . and are signed 0￿ behalf of the toard by". Mr H Zaman Trustee Mr. Trust amar The notes on pages 6 to 9 forrn part of thÈse ffinaneial ststements. Madni Muslim Community Centre Trust Notes to the Financial Statements Year ended 31 December 2022 Statement of compliance These financ￿1 statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable lo charities preparing their accxunts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland {FRS 1021 (Charities SORP IFRS 102)) and the Companies Act 2006 Accounting policies Basis of preparation The financial statements have been prepared on the histotical cost basis, as modified by the revaluation of certain financial assets and liabilittes and investment properises measured al fair valLFe through income or expenditure. The financial statenknls a￿ prepared in sterting. which is the fvnctional currency of the ents'ty. Going concem There are no material uncertainties about the charity's abilty to continue. Fund accounting un￿strICted funds are available for use al the dixretion of the truslees to further any of the ¢harity's purposes_ Designated funds are unrestricted funds earmarked by the trustees for particutar future project or commitment. Restricted funds a￿ subjected to restrictions on their expenditure dec5ared by the donor or through the terms of an appeal. and fall into one of two sub-dasses: restricted income fvnds or endowment funds. Incoming resources All incoming reSoUr￿S are included in the statement of financial acts"vities when entitlement has passed to the charity, il is probable thal the economic ￿nefIts assouiated with the transaction will flow lo the charity and the arrK)unt ran reliably rneasu￿d. The following specific policies are applied to parbcular categories of income.. income from donations or grants is recognised when there is evidence of enlitlemenl to the gift. receipt bs probable and ils amount can be measured reliably_ legacy income is recognised when [￿lpt is probable and entitlement is estsblished. income from donated go3ds is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the Cost to the donor or the estimated resale value. Donated lacilities and services are re¢ognised in the accounts when ￿￿1Ved if the value can be reliabty measured. No amounts are included for the contribution of general volunteers. income from contracts for the suppty of SeNi￿S is recognised with the delivery of the contracted service. This is das&fied as unrestricted funds unless there is a contractual requirement for it to be spent on a parbcular purpose and returned if unspent, in which case il may be regarded as resth"cted. Madni Muslim Community Centre Trust Notes to the Financial Statsments l¢ontsni*¢d) Year ended 31 December 2022 Accounting policies (contini Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the state￿￿nt of financial activitses lo which it relates- expenditure on mising funds indudes the costs ol all fvndraising acb"viti2s, events, non-charitable traéing achvities, and the Sa￿ of donated goods. expendÉture on charitsble activities includes all c￿sts incurred by a charity in undertaking acb"vities that further its charitable aims for the benefit of its beneficiarEs, including those SUPPOrt COSts and costs relating to the g0Veman￿ of the ¢harity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fvnds for the charity nor part of its expendtture on charitslje actwrtEs. All costs ate allocated lo expendf(ure categories refiects.ng the use of the resource. Direct Costs attributable to a single actNIty are allocated directly to that activty. Shared costs are apportioned between the aclivilies they conkn.bule to on a reasonable. justifiable and consistent basis_ Tangible assets Tangible assets are initially tecorded at cost, and subsequently stated al cosl lèss any accumulated deprecialion and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreaalion and subsequent accumulated impairrrtnt10$5es. An increase in the carrying ar￿Unt of an asset as a result of a revaluab"on, is recognised in other recognised gain$ and losses, unless it reverses a charge for impairrnent that has previously been re¢ognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a resull of revaluation. is recognIs￿ in other recognised gains and losses, except lo which it offsets any previous revaluation gain, in which case the loss is shown within other reugnised gains and losses on the statement of financial activities. Government grants Government grants are recognised at the fair value of the assel receNed or receivable Grants are not rec(4nssed until there is reasonable assurance that the charity will comply with the condÉiion5 attaching to them and the grants will be received. heTr the grant does not impose specified future perf0rrnan￿-telaIed conditions on the recipienL it is recognised In income when the grant Pro￿ed5 are received or receivable. Where the grant does impose specified fulure performance-related condibons on the recipient, it is recognised in income onty when the perf0mian￿relaled conditions have been met. Wnere grants ￿ceiVed are prior to satisfying the revenue recognibon criteria, they are recognised as a Limited by guarnnlee Madni Muslim Community Centre Trust Notes to the Financial Statements f¢orfinue Year ended 31 December 2022 Donatlons and legacles Unrestricted Total Funds Unrestricted Total Fund Funds 2022 Funds 2021 Donations Donation Class Fees Friday Colle¢tion Gifts Aid 354,764 354,764 53.356 2.540 23,220 7,686 53,356 2,540 23,220 7,686 4,872 4.872 Grants Furlough Grant 11,013 97,815 11,013 359.636 359,636 97,815 Investrnent Incorne UnreStr￿ed Total Funds unrestn.cted Total Funds Funds 2022 Funds 2021 Rent Received 19.512 19.512 9.600 9,600 Expendlture on charitable activities by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2022 Funds 2021 Activity type 1 36.100 36.100 54.130 54,130 Expenditure on charitable actlvities by activity typg A¢livities undertaken Totsl funds directly 2022 Total fund 2D21 Activity type 1 36.100 36,100 54,130 staff costs The aV￿age head count of employees during the year was Nil {2021.' Nil). No employee received employee benefits of nKfyre than £60,DOO during the year (2021.. Nil). Trustee remuneration and expenses Mr Ferozuddin Qazi (who also a trustee) has taken on a position as supervisor of the centre. Mr Qazi Ferozuddin is being paid £8￿ per rrKsnlh for that position according to governing documenls of trust.The charity did not pay any pension contributs"on5 or any other benefit5 for Mr Ferozuddin Qazi for the repoTting period. Further, no benefits were provided as Trustee. Madni Muslim Community Centre Trust Notes to the Financial Statsments (confynuedj Year ended 31 December 2022 10. Tangible fixed assets The Charity only has freehold propety as tangible fixed asset which does not depreciates. however, improvement has been made to the propety. 11. Debtors 2022 2021 Other debtors 7.600 7,600 12. Creditors: arnounts falling due wlthln one year 2022 2021 Social security and other taxes 13. Creditors: amounts falling due after more than one year 2022 2021 Bank loans and overdrafts 45.000 56,000 14. Governrnent grant5 The amounts recognis& in the financial statements for govemment grants are as follows_. 2022 2021 Recognised in income from donabons and legacies. Government grants income 11,013 15. Anatysls of charftable funds Unrestricted funds At 1 January 20 At 31 Decembe r 2022 Income Expenditure General funds 590.938 379, 148 (36,1001 933,986 At 1 January 20 21 Al 31 Decembèr 2021 Income Expenditure General funds 537.653 107.415 154.1301 590,938 16. Related parties There were no related party transaction during the reporting period. Madni Muslim Community Centre Trust Management Infomiation Year ended 31 December 2022 The following pages do not forni part of the financial ststements. 10 Madni Muslim Community Centre Trust Detailed Statement of Financial Activities Year ended 31 December 2022 2022 2021 Income and endowrnents Donatlons and legacies Donation Class Fees Friday Collection Gifts Aid Furfough Grant 354.764 53,356 2.540 23.220 7.686 11.013 4.872 359.636 97.815 Investment Income Rent Received 19.512 9.600 Total income 379.148 107,415 Expenditure Expenditure on charitable activities Wageslsalaries Light & heal Repairs & maintenance Insurance Funeral cost Sundry expense 25.248 8.156 630 1.102 23,783 6,963 6,625 1,074 13,584 2,101 54,130 36,100 Total expenditure 36,100 54,130 Net income 343.048 53.285 11 Madni Muslim Community Centre Trust Notes to the Detailed Statement of Financial Activities Year ended 31 December 2022 2022 2021 Expenditure on charitable aetivities Activity type 1 Activities undertaken directty Wageslsalaries Light & heat Repairs & maintenance Insurance Funeral cost Sundry expense 25.248 8,156 630 1.102 23,783 6.963 6,625 1.074 13,584 2.101 964 36.100 54,130 Exp¢ndituffj on ¢haritsble actlvitles 36,100 54,130 12