CHARITY REGISTRATION NUMBER: 1155972 Madni Muslim Community Centre Trust Unaudited Financial Statements For the year ended 31 December 2024 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Madni Muslim Community Centre Trust Financial Ststements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's 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 form part of the financial ststements Detailed statement of financial activities 11 Notes to the detailed statement of financial activities 12 Madni Muslim Community Centre Trust Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The Irustees present their report and the unaudited financial statements of the charity for the year ended 31 De￿mber 2024. Reference and administrative details Registered charity name Madni Muslim Community Centre Trust Charity registration number 1155972 Company registration number Principal office and registered 1-3 Dalcross Street office Roalh 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 House Broadway Cardiff CF24 1PU Structure, governance and management Governing Document.. The Madni Muslim Community Centre Trust was registered with the charity commissioners cn 28th February 2015, registration number 1155972 and is governed under the trust deed executed 26th February 2014. Objectives and activities The object of Ihe charity is- 1. To benefit the public by providing social, religious and recreational facilitie5 for the Muslim communily in Cardiff and Wales. 2. To provide awareness of thelslamic faith lo the general public and the Muslim community. 3. To encourage and facilitate community and Social cohesion among various faith and other communitieslthe general public. 4. To assist in the elimination of poverty among the Muslim community in Wales. 5. To develop and facilitate 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 activities among the Muslim community, keeping our youth off the streets. Madni Muslim Community Centre Trust Trustees, Annual Report (Incorporating the Director's Report) (conlinuedj Year ended 31 December 2024 Achievements and performance During this year building work was undertaken, converting the property into not just a community centre allowing local Muslims to gather for worship, but also adding new flats above the premises providing an extra income for the centre. The centre 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 to maximise its full potential by being able to accommodate a large quantity of children in various classes as well as worshippers 5 lime5 a day. A new Imam has been appointed, and on the trustee's request, Mr. F. Qazi has taken on a position as supervisor of the centre. No expenses were incurred by the trustees. Financial review Reserves Policy: The charity generated 2 Positive outcome for the year ending 31 st December 2019 with a net increase in funds of £32,099, The brought forward funds of £479,070 have increased to £511,169. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approvèd on of trustees by.. 2 3/.10/.24)2S... and signed on behalf of the board Mr H Zaman Trustee Mr N Qamar Trustee Madni Muslim Community Centre Trust Independent Examiner's Reportto the Trustees of Madni Muslim Community Centre Trust Year ended 31 December 2024 We report lo Ihe trustees on our examination of the financial statements of Madni Muslim Community Centre Trust ('the charity.) for the year ended 31 December 2024. Responsibilities and basis of report The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 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 laid down in the general directions given by the Charity Commission (under section 145(5llb} of the 2011 Act}., and state whether particulate matters have corne to our attention. Independent examinerfs statement We have completed our examination. We confirrn that no matters have come to our attention in connection with the examination giving us cause to believe.. accounting records were not kept in respect of the charity a5 required by seGtion 386 of the 2006 Act. or the financial statements do not accord with those records., or the financial stalement5 do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended practi￿ for accounting and reporting by charities applicable to charities preparing their accounts in acccrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. QA¢ 20 Z4) 24 01 Indeper)dent Examiner SAK2020 LTD Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Madni Muslim Community Centre Trust Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds 2023 Total funds Note Income and endowments Donations and legacies Investment income 90,291 47,687 90,291 47,687 72,403 21,422 Total income 137,978 137,978 93,825 Expenditure Expenditure on charilable activities Total expenditure 190,685 50,685 54,123 54,123 190,685 50,685 Net income and net movement in funds 152,707) 87,293 39,702 Reconciliation of funds Total funds brought fomard Total funds carriad forward 973,688 g20,981 973,688 920,981 933,986 973,688 The statement of financial activities includes all gains and losses recognised In the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 9 form part of these financial statements. Madni Muslim Community Centre Trust Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 10 1,050,427 910,427 Currenl assets Debtors Cash at bank and in hand 11 7,600 48,381 7,600 100,661 55,981 108,261 Creditors: amounts falling due within one year Net current assets 12 427 55,554 108,261 Total assets less current liabllitios 1,105,981 1,018,688 Creditors: amounts falling due after more than one year Net assets 45,000 45,000 973,688 1,060,981 Funds of the charity Unrestricted funds 920,981 973,688 Total charity fund8 14 920,981 973,688 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in qLFeslion in accordance with section 476., The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in acGordance with the provisions applicable to companies subject to the small Companies, regime. These financial statements were approved by the board of trustees and authorised for issue on ..?3.//o./.￿.1S-. and are signed on behalf of the board by Mr H Zaman Trustee Mr N Qamar Trustee The notes on pages 6 to 9 fomi part of these financial statements. Madni Muslim Community Centre Trust Notes to the Financial Statements Year ended 31 December 2024 Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Slandard 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 applicable in Ihe UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 1021) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds, Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entillement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods 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 eslimated resale value. Donated facilities and services are recognised in the accounts when received if Ihe value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of service5 is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and relurned if unspent, in which case it may be regarded as restricted. Madni Muslim Community Centre Trust Notes to the Financial Statements fcontlnuedj Year ended 31 December 2024 Accounting policies (contlnued) Resources expended Expenditure is recognised on an accruals basis as a liability 15 incu rred. Expenditure includes any VAT which cannol be fully ￿CoVered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are alloc8ted to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at Ihe tair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure with in the statement of financial activities. A decrease in the carrying amount of an asset as a result of revalualion, is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Llmlted by guarantee Donations and logacles Unrestricted Total Funds Unrestricted Total Fund5 Funds 2024 Funds 2023 Donatlons Donation 90,291 go,291 72,403 72,403 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rent Received 47,687 47,687 21,422 21,422 Madni Muslim Community Centre Trust Notes to the Financial Statements {continuedJ Year ended 31 December 2024 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Activity type 1 190,685 50.685 54,123 54,123 Expendlture on charitable actlvitles by activity type Activities undertaken Total funds directly 2024 Total fund 2023 Activity type 1 50,685 50,685 54,123 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries 25,980 29,677 The average head count of employees during the year was Nil12023: Nill. No employee received employee benefits of more than £60,000 during the year12023: Nil)- Tru8te8 remuneration and expense8 Mr Ferozuddin Qazi(who also a trustee) has taken on a position as supervisor of the centre. Mr Qazi Ferozuddin is being paid £800 per month for that position according lo governing documents of Irust.The charity did not pay any pension contributions or any other benefits for Mr Ferozuddin Qazi for the reporting period.Further, no benefits were provided as Trustee. 10. Tangible fixed assets The Charity only has freehold property as tangible fixed asset which dose not depreciates. however, improvemt has been made to the property. 11. Debtors 2024 2023 other debtors 7,600 7,600 12. Creditors: amounts falling due within one year 2024 2023 Social security and other taxes 427 Madni Muslim Community Centre Trust Notes to the Financial Statements (continued) Year ended 31 December 2024 13. Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 45,000 45,000 14. Analysis of charitable funds Unrestricted funds At 1 January 20 24 At 31 Decembe r 2024 Income Expenditure General funds 973,688 137,978 {1go,685) 920,981 At 1 January 20 23 At 31 December 2023 Income Expenditure General funds 933,986 93,825 {54.123) 973,688 15. Related parties There were no related party transaction during the reporting period. Madni Muslim Community Centre Trust Management Information Year ended 31 December 2024 The following pages do not form part of the financlal statements. 10 Madni Muslim Community Centre Trust Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Income and endowments Donations and legacies Donation 90,291 72,403 Investment income Rent Received 47,687 21,422 Total income 137,978 93,825 Expendlture Expenditure on charitable activities Wage51salaries Rates & water Light & heat Repairs & maintenance Insurance Motor expenses Donation paid Legal and professional fees Telephone Sundry expense Cleaning & refuse 25,980 6,852 12,268 1,487 29,677 211 12,423 9,117 1,308 196 761 2,670 920 65 177 425 271 50,685 54,123 Total expenditure 50,685 54,123 Net income 87,293 39,702 11 Madni Muslim Community Centre Trust Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Exp8nditure on charitable activities Activity type 1 Activities undertaken directly Wageslsalaries Rates & water Lig ht & heat Repairs & maintenan Insurance Motor expenses Donation paid Legal and professional fees Telephone Sundry expense Cleaning & refuse 25,980 6,852 12,268 1,487 29,677 211 12,423 9,117 1,308 196 761 2,670 920 65 177 425 271 50,685 54,123 Expenditure on charitable activities 50,685 54,123 12