CHARITY REGISTERED NUMBER:1160601
JAMIA ASHRAFUL ULOOM TRUST
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ABU & ABU
CHARTERED CERTIFIED ACCOUNTANTS ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH, BIRMINGHAM B10 0ED WEST MIDLANDS
JAMIA ASHRAFUL ULOOM TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Registered Charity Number: | 1160601 |
|---|---|
| Chairman: | Hafiz Muhammad Ashraf Ali |
| Trustees: | Hafiz Muhammad Ashraf Ali |
| Fakhur Miah | |
| Shish Ahamed | |
| Registered Office: | St. James Church |
| Old Lane | |
| Bloxwich | |
| Walsall | |
| WS3 2DD | |
| Accountants: | Abu & Abu |
| Chartered Certified Accountants | |
| Abu Nowshed Centre | |
| 71 Wordsworth Road | |
| Small Heath, Birmingham | |
| B10 0ED | |
| West Midlands |
JAMIA ASHRAFUL ULOOM TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
| Page | |
|---|---|
| Charity - Examiners report | 1 |
| Trustees' report | 2 |
| Balance sheet | 4 |
| Statement of financial activities | 5 |
| Schedule of funds | 6 |
| Notes | 7 |
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF JAMIA ASHRAFUL ULOOM TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
I report on the accounts which are set out on pages 4 to 10
Respective responsibilities of the
The trustees are responsible for the preparation of the accounts. The 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 needed. It is my responsibility to:
The trustees who are also directors of the company for the purpose of
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(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of 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 the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In our opinion the financial statements:
give a true and fair view of the of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice - Financial Reporting Standard 102; and
have been prepared in accordance with the requirements of the Companies Act 2006.
........................................ Dated:24 April 2025 Abu Nowshed, FCCA Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath, Birmingham B10 0ED West Midlands
Page 1
JAMIA ASHRAFUL ULOOM TRUST
REPORT OF THE
FOR THE YEAR ENDED 31 DECEMBER 2024
The Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Objectives and activities
The principal activity continues to be that of Education and Training of Islamic faith.
Financial review
Freehold land and buildings
In the opinion of the trustees the market value of land & buildings is £442500.
Plans for future periods
The charity has purchased a new CHURCH for £175000 and Legal fee was £2767 on 21th February 2025. The new acquisition was require est.£160,000 EMERGENCY refurbishment costs for repairing of Roof, new Wadhu Khana , new Toilets, new kitchen, new doors and windows. The new place has car parking spaces at rear, however, it will require further investments to bring it to its use. The opportunity to purchase the CHURCH at £175000 was fully funded by generous people's offering of Quarde Hasanah. The Quarde Hasanah of £175000 is debt to the Charity and will require further funding to meet its Quarde Hasanah repayments.
Page 2
JAMIA ASHRAFUL ULOOM TRUST
REPORT OF THE (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting and reporting responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP 2015 (FRS102); make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been
followed,subject to any material departures disclosed and explained in
the financial statements; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and 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.
Approved by the trustees on 24 April 2025 signed on its behalf by:
..................................................... Hafiz Muhammad Ashraf Ali Trustee
Page 3
JAMIA ASHRAFUL ULOOM TRUST
BALANCE SHEET
AT 31 DECEMBER 2024
| Note | 2024 | 2023 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Tangible fixed assets | |||||||
| Tangible assets | 4 | 186,806 | 196,638 | ||||
| Current assets | |||||||
| Debtors | 5 | 15,460 | 30,000 | ||||
| Bank Accounts | 155,638 | 11,969 | |||||
| –––––––– | –––––––– | ||||||
| 171,098 | 41,969 | ||||||
| Creditors | |||||||
| Amounts falling due within | |||||||
| one year | 6 | 40,860 | 33,508 | ||||
| –––––––– | –––––––– | ||||||
| Net current assets | 130,238 | 8,461 | |||||
| –––––––– | –––––––– | ||||||
| Total assets less current liabilities | 317,044 | 205,099 | |||||
| Creditors | |||||||
| Amounts falling due | |||||||
| after more than one year | 6 | (200,550) | (96,550) | ||||
| –––––––– | –––––––– | ||||||
| Net assets | £ 116,494 | £ | 108,549 | ||||
| –––––––– |
–––––––– |
||||||
| Capital funds | |||||||
| Unrestricted funds | 116,494 | 108,549 | |||||
| –––––––– | –––––––– | ||||||
| Total funds | £ 116,494 | £ | 108,549 | ||||
| –––––––– |
–––––––– |
Approved by the trustees on 24 April 2025 and signed on its behalf.
................................................... Hafiz Muhammad Ashraf Ali
The annexed notes form part of these financial statements.
Page 4
JAMIA ASHRAFUL ULOOM TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Total | Total | ||
|---|---|---|---|
| Unrest'd | Funds | Funds | |
| Funds | 2024 | 2023 | |
| £ | £ | £ | |
| Incoming resources | |||
| Incoming Resources from | |||
| generated funds: | |||
| Voluntary income | 37,681 | 37,681 | 24,858 |
| ––––––– | ––––––– | ––––––– | |
| Total incoming resources | 37,681 | 37,681 | 24,858 |
| ––––––– | ––––––– | ––––––– | |
| Resources expended | |||
| Costs of generating funds | 28,776 | 28,776 | 22,106 |
| Governance costs | 960 | 960 | 960 |
| ––––––– | ––––––– | ––––––– | |
| Total resources expended | 29,736 | 29,736 | 23,066 |
| ––––––– | ––––––– | ––––––– | |
| Net movement in funds | 7,945 | 7,945 | 1,792 |
| Total funds brought forward | £108,549 | £108,549 | 106,757 |
| ––––––– | ––––––– | ––––––– | |
| Total funds carried forward | £116,494 | £116,494 | £108,549 |
| ––––––– |
––––––– |
––––––– |
|
| Details of Incoming resources and resources used are given in the notes | |||
| to the financial statements. |
Page 5
JAMIA ASHRAFUL ULOOM TRUST
STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| General Fund | ||||||
| Balance B/fwd | 108,549 | 106,757 | ||||
| Surplus for the year | 7,945 | 1,792 | ||||
| ––––––– | ––––––– | |||||
| 116,494 | 108,549 | |||||
| ––––––– | ––––––– | |||||
| Total funds at 31 December 2024 | £116,494 | £108,549 | ||||
| ––––––– |
––––––– |
Page 6
JAMIA ASHRAFUL ULOOM TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below.
These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Land and buildings - 5% per annum of cost
2. Turnover
Turnover is attributable solely to continuing operations and derives from activities related to charity.
3. Staff costs
The average number of persons employed by the company, including director, during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Administration | 1 |
1 |
| – |
– |
Page 7
JAMIA ASHRAFUL ULOOM TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
4. Tangible fixed assets
| Land | ||
|---|---|---|
| and | ||
| Buildings | ||
| £ | ||
| Cost: | ||
| At 1 January 2024 | 267,500 | |
| ––––––– | ||
| At 31 December 2024 | 267,500 | |
| ––––––– | ||
| Depreciation: | ||
| At 1 January 2024 | 70,862 | |
| Charge for the year | 9,832 | |
| ––––––– | ||
| At 31 December 2024 | 80,694 | |
| ––––––– | ||
| Net book value: | ||
| At 31 December 2024 | £186,806 | |
| ––––––– |
||
| At 31 December 2023 | £196,638 | |
| ––––––– |
||
| Debtors and prepayments | ||
| Amounts falling due within one year: | ||
| 2024 | 2023 | |
| £ | £ | |
| Debtor | 15,460 | 30,000 |
| –––––– |
–––––– |
5. Debtors and prepayments
Page 8
JAMIA ASHRAFUL ULOOM TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
6. Creditors
Amounts falling due within one year:-
| 2024 £ Other Creditors 960 Other funds 38,862 Other Taxes & PAYE 1,038 ––––––– £ 40,860 ––––––– Amounts falling due after more than one year:- 200,550 ––––––– £200,550 ––––––– |
2023 £ 960 31,553 995 ––––––– £ 33,508 ––––––– 96,550 ––––––– £ 96,550 ––––––– |
|---|---|
| 7. | Incoming resources | |||
|---|---|---|---|---|
| Unrest'd | Total | Total | ||
| Funds | Funds | Funds | ||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Voluntary Income | ||||
| Donations | 37,681 | 37,681 | 24,858 | |
| –––––– |
–––––– |
–––––– | ||
| 37,681 | 37,681 | 24,858 | ||
| –––––– |
–––––– |
–––––– | ||
| 8. | Costs of generating funds | |||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Fundraising costs of donations | 14,621 | 16,203 | ||
| Professional Fees | 1,000 | 1,406 | ||
| Rent and Rate | 3,224 | 3,474 | ||
| Depreciation | 9,832 | 0 | ||
| Bank charge | 99 | 105 | ||
| Utilities | 0 | 918 | ||
| –––––– | –––––– | |||
| 28,776 | 22,106 | |||
| –––––– |
–––––– |
Page 9
JAMIA ASHRAFUL ULOOM TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 9. | Governance costs | |||
|---|---|---|---|---|
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Accountancy | 960 | 960 | ||
| –––––– | –––––– | |||
| 960 | 960 | |||
| –––––– |
–––––– |