CHARtrY REGISTRATION NUMBER: 1155972 Madni Muslim Community Centre Trust Unaudited Financial Statements For the year ended 31 December 2023 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Madni Muslim Community Centre Trust Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent exatninerfs report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position Notes to the financial statements Thè following pagos do not fonn part of the financial statements Detailed statement of financial activiknes 11 Notes to the detailed statement of financial activities 12 Madni Muslim Community Centre Trust Trustses. Annual Report Year ended 31 December 2023 The trustees present their rewrt and the unaudited financial statements ol the charity for the year ended 31 Decemter 2023. R8feren¢o and administrative delails Registered ¢harity name m￿nI Muslim Communty G￿tre Trust Charlty registfatlon number 1155972 Company registration number Principal offlce and registered 1-3 Dalcross Street office Roath Cardiff CF24 4SE UK The trustees Mr H Zaman Mr I Zaman Mr F Qazi Mr N Qamar Independent examiner SAK2020 Ltd. Chartered Certified Accountants Broadway HoLJse Broadway Cardrff CF24 1 PU Stru¢tur¢, govemance and management Goveming DocumenL The Madni Muslim Community Centre Trust was registered with the charity commissioners on 28th February 2015, wistration number 1155972 and is govemed under the trust deed executed 26th February 2014. Objectives and activities The obje¢t of Ihe ¢harty is.. 1. To benefil the public by providing social. religious and recreational facilities for the Muslim community in Cardiff and Wales. 2. To provide awareness of the Islamic faith to the general public and the Muslim c£smmunity. 3. To encourage and facilitate community and sC￿la1 cohesion an￿￿9 various faith and other ¢ommunilieslthe general public. 4. To assist in the elimination of poverty among Ihe Muslim community in Wales. 5. To develop and facilitate interfaith diabgue be￿een Muslims and those of other faiths or none. 6. To improve and encourage edu¢ation and skills among the Muslim community in Cardiff. 7_ To organise and facilitate youth activities among Ihe Muslim community. keeping our youth off the streets. Madni Muslim Community Centre Trust Trustees. Annual Report Year ended 31 December 2023 Achievements and perforlnance During this year building work was undertaken. ￿nVerting the property into not just a community centre allowing local Muslims lo gather for worship. but also adding new flats above the premises providing an extra income for the cenlre. The ￿ntre arranged various activities. including social gatherings, religious events and Quranic classes. The number of children attending the Quran classes has increased, thereby keeping our youth busy. The centre hopes lo rnaximise it5 fv11 potential by being able lo accommodate a large quantity of children in vallous classes as well as worshippers 5 limes a day. A new Imam has been appointed. and on the trustee's request, Mr. F. Qazi has taken on a posltion as supervisor of the cenlre. No expenses were incuffed by the trustees. Financial review ReseNes Policy". The charity generated a positive outcome for the year ending 31st De￿rnber 2023 with a nel income of£39,702. Small company provisions This report has been prepared in accordance with the provisions applicable to comp8nie5 entitled to the small companies exemption. The ttuslees, annual report was approved on trustees by". .gnd signed on behalf of the board of Mr H Zaman Trustee Qamar Tw5 Madni Muslim Community Centre Trust Independent Examiner's Report to the Trustees of Madni Muslim Community Centre Trust Year ended 31 December 2023 Vve report lo the trustees on our examination of the financial statements of Madni Muslim Community Centre Trust I'the charity'l for the year ended 31 December 2023. Responsibilities and basis of report The Irustees are responsible for the preparation of the accounts. The trustees consider that an audit 15 not required for this year under section 14412} of Ihe Charities Act 2011 {Ihe 2011 Act) and that and independent examination is needed_ It is my responsibility to.. Examine the accounts under section 145 of the 2011 Act.. follow the procedures laKI down in the general directions given by the Charity Commission (under sects.on 145{5llb) of the 2011 Acll.. and slate whether particulate matters have corne to our attention. Independent examlnerfs statement We have completed our examination. We confim that no matters have come to our attention in connection with the examinabon giving us cause to believe- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue 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 Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. We have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this rewrt in order to enable a propèr understanding of the aco)unls lo be reached. IJIA 2D24 Independent Examiner SAK2020 Lld Chartered Certified Accountants Broadway House Broadway Caidiff CF24 1PU Madni Muslim Community Centre Trust statement of Financial Activities lincluding income and expenditure account) Year ended 31 December 2023 2023 Unrestricted nds Total funds Total fvnds 2022 Income and end0￿entS Donations and legacies Investment income 72,403 21.422 72,403 21,422 359.636 19.512 T¢)tal income 93.825 93,825 379.148 Expenditure Expenditure on charitable activities Total expenditure 54.123 54,123 36,100 36.100 54.123 54.123 Net income and net movement In fvnds 39.702 39.702 343,048 Reconclllatlon of funds Total funds brought fO￿ard Total funds carrfed forward 933.986 933.986 973.688 590,938 933,986 973,688 The statement of finan￿al activities indudes all gains and losses re¢ognised in the year. All Incorne and expenditure derive from Continuing activities_ Thè not•s on pages 6 to 9 fomi part of tl*se financial staternenls. Madni Muslim Community Centre Trust Statement of Financial Position 31 December 2023 2023 2022 Note Fixed as$&ts Tangible fixed assets 10 910.427 830,753 Current a￿ets Debto Cash al bank and in hand 11 7.600 100.661 7.600 140.633 108.261 148.233 148,233 978,986 Nel current assets 108,261 Total assets less current Ilabllltles 1.018,688 Credltors: amounts falling due after more than one year Net assets 12 45.000 973.688 45,000 933.986 Funds ofthe ¢harity Unrestricted funds 973.688 933,986 Total ¢harty funds 13 973.688 933,986 For the year ending 31 December 2023 the charity was entilled to exemption from audit under section 477 ofthe Companies Act 20(E relating to small companies. Trustees. responsibilities.. The members have not required the company io obtain an audbt of its financial statements for the year in question in accordance with section 476.. The trustees acknowledge their responsibilities for complying with the requirement5 of the Act wth respect to accounting records and the preparation of financial stslements. The$e financial statements have been prepared in accordan￿ with the provision5 applicable to companies subject to the small companyès, regime. These financial statements were approved by the tx)ard of trustees and authoris& for issue on , and are signed on behalf of the toard by.. Mr H Zaman Trustee Trus The n?tes on pages 6 to 9 form part of tlw financial staternents. Madni Muslim Community Centre Trust Notes to the Financial Statements Year ended 31 December 2023 statsm?nt of ¢offipliance These finan￿al statements have been prepared in Complian￿ with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab￿ in the UK and Repu￿￿ of Ireland (FRS 1021 (Charities SORP IFRS 102}l and the Companies Act 2(￿. Accounting policies Basis of Preparation The financrdl statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assels and Ik4bilities and investment properties measU￿d al fair value through income or expenditure. The financial slalements a￿ prepared in sterfing. which is the fiJnctK)nal currency of the enlty. Golng concern There are no material uncertainties about the charty's abilty to conlinue. Fund accounting Unrestricted funds are available for use * the discreb.on of the trustees to further any of the ¢harity's purposes. Designated fvnds are unrestricted fvnds earmatked by the trustees for particular future project or commitment. Restricted funds a￿ subjeded to reslriclions on their expendtture declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. reslricled income funds or endowment funds. Incomlng resources Al incoming resources are included in Ihe statement of financial activities when entidement has passed lo the charity- il is probable that the economic benefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are appli￿ lo particular categories of in￿rne- income from donations or grants is recognised when the￿ is eviden￿ of entitlement to the gift, receipt is probable and its amount can be measured reliably. le9acy income is recognised when re￿ipl is probable and enliuemenl is established. income from donated gr￿S is measured at the fair value of the g¢xJds unless this is impracttcal to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value_ Donated facilit￿$ and services are recognised in the accounts vthen re￿iVed if the value can te reliabty measured. No 8fTK)unts are included for the contribution of general volunteers. income from contracts for the supply of servKes is recognbsed with the delivery of the contracted servi￿. This is classffied as unrestricted fvnds unless there is a contractual uirement for it to be spent on a patticular purpose and returned if unspent. in whi¢h case it may be regarded as restrictgj. Madni Muslim Community Centre Trust Notes to the Financial Statements fconllnu&¥ Year ended 31 December 2023 Accountlng policies (toniintsedj Resources expended Expenditure is reccgnised on an accwals basis as a liability is incurred. Expenditure includes any VAT which cannot be fulty recovered. and is classified under headings of th8 statement of financial actwities to which il relaies.. expenditure on raising funds indudes the costs of all fundraising a￿1vitieS, events, non-charitable trading aclivtbes. and the sale of donated gocxls. expenditure on charitable athities includes all costs inujrred by a charty in urHlertaking activities that further it5 charitable aims for the benefit of its benefficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable acliviknes. other exFenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. Al costs are allocated to exFenditure categorie5 reflecb.ng the use of the resource. 01￿ct costs attributable lo a single activity are allctated directly to that aotivity. Shared costs are apportioned be￿een the activilies they contn.bule lo on a teasonable. justifiable and consistent basis. Tangible assèts Tangible assets are initially recorded al cost. and Subsequent￿ slated al cost less any accumulated dePre￿atr.0￿ and irnpairrrent k)sses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumuL3ted impaimient losses. An increase in the carrying anK)unt of an asset as a result of a revaluation, is ￿Cognised in other cognised gains and losses. unless it reverses a charge for impaim)ent that has prevbously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset a5 a result of revaluahon, is recognised in other recognised gains and108ses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and105ses on the st*ment of financial activf(ies. Limited by guarantee Donallons and legacies unrestn.cted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donation Gift5 Aid 72,403 72,403 354,764 4,872 359,636 354.764 4.872 72.403 72,403 359.636 Madni Muslim Community Centre Trust Notes to the Financial Statements (cothtsedj Year ended 31 December 2023 Investrnent income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rent Received 21.422 21.422 19,512 19,512 Expenditure on charitable aclivities by fund type un￿trICted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 A¢tivity type 1 54.123 54.123 36,100 36,100 Expenditure on Charitable activitles by activlty type Activ(cies undertaken Total funds directty 2023 Total fund 2022 Activity type 1 54.123 54,123 36,100 Staff costs The total staff costs and employee benefits for the repK)tb"ng period are analysed as follows.. 2023 2022 Wages and salaries 29,677 25,248 The average head count of employees during the year was 2 {2022: 2}. No employee r￿￿ed empk)yee benefits of more than £60,000 during the year12022'. Nill- Trustee remuneration and expenses Mr FeTozuddin Qazilwho also a trustee) has taken on a FM)siti'on as supervisor of the centre. Mr Qazi Ferozuddin is being paid £8CQ per month for that P051tion according to governing documents of trust. The charity did nol pay any pension contributKJns or any other benefits for Mr Ferozuddin Qazi for the reporling period. Further, no benefits were provided as Trustee. 10. Tangible fixed assets The Charity only ha5 freehold prOF￿rtY as tangible fixed asset which does not depreciates. however, irnprovement has been made to the property. 11. Debtors 2023 2022 other debtors 7,600 7,600 Madni Muslim Community Centre Trust Notss to the Financial Statements fcontinued) Year ended 31 December 2023 12. Credltots: arnounts falling dueafter more than one year 2023 2022 Bank kjans and overdtafts 45,000 45,0(M) 13. Analysis of charitable funds Unrestricted funds At 1 January 20 23 At 31 Decembe f 2023 Income Expenditure General funds 933.986 93.825 {54.1231 973,688 At 1 January 20 31 December 2022 Incorne Expendfiure General funds 590,938 379.148 136,100) 933,986 14. Related parties There were no related party transaction during the rewrting period. Madni Muslim Community Centre Trust Management Infomiation Year ended 31 December 2023 Tho following pages do not fomi part of the flnancial 5taternents. 10 Madni Muslim Community Centre Trust Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donations and legacies Donation Gifts Aid 72.403 354.764 4,872 72,403 359,636 Investment income Rent Received 21.422 19,512 Total income 93.825 379,148 Expenditure Expenditure on charstable activilies Wageslsalaries Rates & water Light & heal Repairs & maintenance Insurance Motor expenses Legal and professiorsal fees Sundry expense 29.677 211 12.423 9,117 1,308 196 920 271 25,248 8,156 630 1,102 964 54,123 36,100 Total expenditure 54,123 36.100 Net income 39,702 343,048 11 Madni Muslim Community Centre Trust Notes to the Detsiled Statement of Financial Activities Year ended 31 December 2023 2023 2022 Expenditure on charitable activities Activity type 1 AGtivities undertaken directly Wageslsalaries Rates & water Light & heat Repairs & maintenan Insurance Motor expenses Legal and professional fees Sundry expense 29,677 211 12,423 9,117 1,308 196 920 271 25.248 8.156 630 1,102 964 54,123 36,100 Expgndilure on charitable actlvlties 54.123 36.100 12