LEICESTER MARKAZ TRUST
Accounts
31st March 2025
Charity Number : 1163994
Leicester Markaz Trust Charity Registered number : Trustees' Report
1163994
The trustees present their annual report and financial statements covering the year to 31st March 2025. The trustees have adapted the, provision of the Statement of Recommended Practise (SORP) 'Accounting and Reporting by Charities' (FRS 102) in preparing the annual report and financial statement of the charity.
Name, Registered office and Constitution of The Company
The full name of the charity is Leicester Markaz Trust. The charity was registered as a charity on 15th October 2015. The charity is also known 'Masjid Usman'. The principal activity of the charity is carried out at 162, Nedham Street, Leicester. LE2 OHB.
The property was purchased in 1990 principally from collections and donations from the residents of Leicester. The present senior trustees have continuously managed the trust from commencement. During 1996 the trust purchased an investment property in order to earn a continuous stream of incomes to contribute to the trust's overheads.
Objectives/general activities
The organisation's principal objectives are:
-The advancement and propagation of Islam for the public benefit in accordance in with the tenets and doctrines of Ahlus Sunnah Wal Jammat (principles set out by the Deobandi group).
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To advance the education of the public in general on matters relating to Islam.
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Bringing people closer to their creator.
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Educating people to become responsible citizens and to make positive contributions to society.
In aiming to fulfil the above objectives the following activities/events have taken place over the course of the year:
Prayers
Comfortable facilities are provided and maintained for worshippers to perform ablution and perform their five time prayers. The charity facilitates to provide five times prayer with congregation, giving an opportunity to the members of the public to fulfil one of the biggest tenets in Islam in a dignified and benevolent manner. The number of worshippers are constantly increasing.
Contemplation
The facilities of Masjid Usman (Leicester Markaz Trust) are open to the public on a daily basis for 365 days of the year for up to 18 hours of the day. This allows the public to come ,reflect and contemplate over one's actions in this life in a tranquil and serene environment. It also provides an opportunity to members of the public to repent over one's sins and recognise one's creator.
Counselling, Advice and Guidance
Masjid Usman (LMT) employs a full time imam who is on hand throughout the day to advice, support and provide counselling for those who may be suffering from anxiety, depression ,bereavement, marital difficulties, drugs and alcohol related issues. The imam provides counselling and advice for those members of the public who may need it. The imam is also on hand to provide guidance and educate the public in religious matters.
Lectures/seminars
There are weekly lectures on Thursday nights which encourage worshippers to become Muslims who recognise their creator , fulfil his commandments , follow the teachings of the prophet Muhammed (saw), learn Islam from the right sources and develop good character and morals . A Muslim that has compassion for the creation is a good citizen in society , tolerant of others and their beliefs and one who is conscious of the creator and the hereafter. The persons attending on Thursday come from all over the Midlands area and from all backgrounds.
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Leicester Markaz Trust Charity Registered number : Trustees' Report
1163994
Special Events
Like last year, the charity continued to arrange special events to address issues faced by different denominations of society with an aim to create links to help and support each other and the wider community .The events were arranged for the following:
The Youth – tackling issues relating to drugs, alcohol,smoking, CSE, grooming, knives and weapons, reformation and spiritual development
University Students - Welcoming, supporting, housing, support services. A welcoming function is organised in September / October and there is support for students throughout the Academic Year.
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Professionals- creating links to help the wider community
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Refugees and Asylum seekers – creating links with refugees, making them feel welcome to the
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community and assisting them in their needs.
Regional Hub
Masjid Usman (LMT) acts as a regional hub for mosques in the East Midlands. This creates bonds with the mosques in the East Midlands: develops out-reach programs from each mosque in to the various communities and provides advice for volunteers in the various mosques.
Public Benefit
The trustees believe that the organisation satisfies the requirements of section 17 of the Charities Act 2011 regarding public benefit because the general community benefits from the organisation's activities.
Management Structure
The charity's trustees for the period from 1st April 2024 to the date of this report are as follows :-
Mr Suleman Omarji Makadam Mr Ahmed Issat Mr Mahmood Ghodawala Mr Mohamed Ibrahim Patel Mr Shoaib Khan
The day-to-day operations of the organisation has been entrusted to the trustees, who meet on a daily basis. None of the trustees are remunerated.
The organisation also use the services of many volunteers.
Fixed Assets
The charity owns two freehold premises: one situated at 162, Nedham Street, Leicester. LE2 OHB which is functional and where nearly all the charity's activities are carried out., and the other situated at Hart Road, Leicester,LE2 ,which is the investment property. Both of the properties are free from any loans or mortgages and stated at the trustees' valuation.
The trustees believe that the charity's fixed assets are sufficient to meet the objectives, therefore, there were no expenditures during the year.
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Leicester Markaz Trust Charity Registered number : 1163994 Trustees' Report
Financial Results/Reserves
During the year there was a small decrease in the collections and donations compared to the previous year, however, at the same time the costs were also reduced resulting in similar net results.
The charity's liquid funds at 31st March 2025 were £262,511 which is more than sufficient to meet the dayto-day operating expenses for at least four years.
Grant-making and Investment Policies
The charity does not normally make any grants. Apart from the investment property the company's only investment at 31st March 2025 was the short-term deposit account.
Professional Services
During the year to 31st March 2025 the company utilised the services from the following:Bankers - Nat West Bank plc, Santander Bank and Al-Rayan Bank , Leicester Accountants - Crystal Business Services Limited, Chartered Accountants , Coventry
This report was approved by the charity's trustees on 28th January 2026.
.................................................................Name................................................................. .................................................................Name.................................................................
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Leicester Markaz Trust Charity Registered number : 1163994 Independent Examiner's Report to the Leicester Markaz Trust
I report on the accounts of the charity for the year ended 31st March 2025 which are set out on pages 5 to 9.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act;
or
2.the accounts do not accord with those records
I 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.
28th January 2026
Mr Akbar Dedat Chartered Accountant (ICAEW) CRYSTAL BUSINESS SERVICES LTD Chartered Accountants 264 STONEY STANTON ROAD COVENTRY. CV1 4FP
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Leicester Markaz Trust
Statement Of Financial Activities for the year ended 31st March 2025
| Notes INCOMING RESOURCES 1 Donations and Collections Income from Property Investment Income - Profits earned Total incoming resources RESOURCES EXPENDED Cost of Charitable Activities Salaries 2 Telephone Rates Ceremonial Light and heat Pension 2 Repairs and maintenance Insurance Depreciation Total resources expended NET INCOMING RESOURCES Fund Balances at 31st March 2024 Fund Balances at 31st March 2025 |
2025 £ 56,722 14,066 70,788 1,515 72,303 31,803 773 191 957 10,102 686 3,359 2,081 603 50,555 21,748 912,573 934,321 |
2024 £ 66,387 10,392 76,779 140 76,919 28,970 711 167 4,589 16,167 625 1,167 2,466 804 55,666 21,253 891,320 912,573 |
|---|---|---|
- All of the activities are continuing
- All of the funds are unrestricted.
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Leicester Markaz Trust Balance Sheet as at 31 March 2025
| Notes 2025 £ Fixed assets Tangible fixed assets 3 501,810 Fixed asset investment(freehold property) 170,000 671,810 Current assets Cash at bank and in hand 265,847 265,847 Creditors: amounts falling due within one year 4 (3,336) Net current assets 262,511 Total assets less current liabilities 934,321 Net assets 934,321 Funds Unrestricted funds 7 934,321 934,321 |
2024 £ 502,413 170,000 672,413 245,053 245,053 (4,893) 240,160 912,573 912,573 912,573 912,573 |
|---|---|
-The trustees are satisfied that the trust is entitled to exemption from the requirement to obtain an audit.
-The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of accounts.
The financial statements on pages 4 to 8 were approved and authorised for issue by the trustees on 28th January 2026.
.................................................................Name................................................................. .................................................................Name.................................................................
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Leicester Markaz Trust
Notes to the Accounts For The Period Ended 31st March 2024
1. Summary of significant accounting policies
(a) General information and basis of preparation
Leicester Markaz Trust is a charity registered in England. The nature of the charity’s operations and principal activities are set out in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair’ view and have not departed from the Charities (Accounts and Reports) Regulations 2008 in order to provide a ‘true and fair view’.
There charity is defined as small and, therefore, no cash flow statement is required.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include the freehold properties at fair value. The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
Expenditure on charitable activities, and other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
(e) Tangible fixed assets
Tangible fixed assets are stated at cost (or valuation) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended
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Leicester Markaz Trust
Notes to the Accounts For The Period Ended 31st March 2024
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Freehold properties - No depreciation provided
Office furniture and equipment - 25% reducing balance
(f) Investments
The charity's fixed asset investment property is stated at the trustees' valuation.
(g) Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
(j) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
(k) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
(l) Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Incoming Resources
These are stated after charging no depreciation. The trustees were neither remunerated nor paid any expenses. The analysis of payroll costs are as follows:-
| Pensions (Nest) Wages and salaries |
2025 £ |
2024 £ |
|---|---|---|
| 31,803 686 |
28,970 625 |
|
| 32,489 | 29,595 |
During the period there was one full-time and one part-time employee.
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Leicester Markaz Trust
Notes to the Accounts For The Period Ended 31st March 2025
3 Tangible fixed asset
| 3 Tangible fixed asset | |||
|---|---|---|---|
| Cost At 1st April 2024 Additions At 31 March 2025 Accumulated depreciation At 1st April 2024 Charge for the period At 31 March 2025 Net book value At 31 March 2024 At 31st March 2025 |
Freehold Buildings £ |
Fixtures/ Eqpt. £ |
Total £ |
| 500,000 500,000 - - - 500,000 500,000 |
8,287 0 8,287 5,874 603 6,477 2,310 1,810 |
508,287 0 508,287 5,874 603 6,477 502,310 501,810 |
The freehold buildings are functional.
4 Creditors: amounts falling due within one year
| Payroll creditors Light and heat Return of monies |
2025 £ |
2024 £ |
|---|---|---|
| 3,336 - - 3,336 |
3,016 808 1,069 4,893 |
5 Contingent Liabilities
As far as the directors are aware there were no pending legal actions, guarantees, material damages or any contingent liabilities at the balance sheet dates.
6 Post Balance Sheet Events
There have been no events after 31st March 2025 which will have an effect on the financial statements up to 31st March 2025
7 Analysis of net assets by fund
| Unrest- ricted Funds £ Tangible assets 671,810 Current assets 265,847 Less :Creditors (3,336) £ 934,321 |
Total £ 671,810 265,847 (3,336) 934,321 |
|---|---|
8 Related Party Transactions
There are no related party transactions during the year.
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