2024-12-31-accounts - Markaz A-Taqwa Alislami

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Charity No: 1167348

MARKAZ AL-TAQWA ALISLAMI

TRUSTEE’S AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

MAKAZ AL-TAQWA ALISLAMI

	Page
Charity information:	3
Trustees’ report:	4-5
Accountant report:	6
Trust income account:	7
Trust balance sheet:	8
Notes to the account:	9

MAKAZ AL-TAQWA ALISLAMI

Charity Information
Charity number:	1167348
Incorporation date:	28.02.2019
Charity Principal address:	126 Church Lane
	Kingsbury
	London
	NW9 8SS
Trustees:	Dr Ahmed Mahammed
	Mr. Haider Abdul Ridha
	Amjad Mohammed Alkaaby
	Yasir Riyadh Alwahab	appointed 25.06.2022
Chairperson	Dr Ahmed Mahammed
Accountant:	ZA Ltd
	8 Colton Road
	Harrow
	HA1 1SG
Proper Law:	England

MAKAZ AL-TAQWA ALISLAMI

Trustees’ Report

The trustees present their report and financial statements for the year ended 31[st] December 2024.

Charity name

Markaz Al-Taqwa Alislami

Charity’s Principal address

126 Church Lane Kingsbury London NW9 8SS

Trustees

The trustees who served during the year and up to date of their report are as follows: -

Dr Ahmed Mahammed Chairperson Mr. Haider Abdul Ridha Amjad Mohammed Alkaaby Yasir Riyadh Alwahab

Charity objects

1- To advance the Islamic religion in accordance with the teachings of Ahlulbayt (AS) in such ways as the trustees may from time to time decide.
2- To further or benefit the public without distinction of sex, sexual orientation, race or of political, religious or other opinions by association tighter the public and the local authorities, voluntary and other organisation in a common effort to advance education to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the public.
3- Such other purposes as are exclusively charitable in accordance with the Law of England and Wales as the trustees may from time to time decide.

Structure Governance and Management

Markaz Al-Taqwa Alislami is a charitable incorporated organisation and is governed by its governing document CIO foundation registered 25[th] May 2016.

The Charity employs three part-time members of staff who work together with the trustees to manage the day to day running of the organisation.

The charity also relies on volunteers to help with achieving the goals of the organisation.

MAKAZ AL-TAQWA ALISLAMI

Achievements and performance:

Islamic congregation with Father Rendell and Christmas Mass 2024. On Christmas Eve 2024, our charity people congregation set out to visit the local St Andrew’s Church in Kingsbury on Christmas Eve during the midnight mass service. The aim of this visit was to strengthen our relationship with the local community between the two Abrahamic faiths and to give the true picture of Islam and the respect we have towards people pf other faiths. The members were warmly welcomed by Father Rendell and the parish. Our charity members were grateful for the warm welcome they received in the church. The members of both congregations aim to visit each other in their religious places in the future due to the importance of interfaith social cohesion.
Weekly program on every Friday start on 10.45 am till 11.52am that start with reciting Quarn, Duaa Al-Nadba , Zayrat Imam Hussein than Juma Pray.
On Friday 15[th] July 2024 at 1.00 PM, the charity had organised an interactive Discussion on the necessity of the haj preparation led by Sayyid Qasim Jalali.
During 23-30 Sep at 2.00 PM, the charity held a lecture on Ashura and Umam Hussein open for brothers led by Sayyid Mohammed Kassem Aljalali. Lunch served afterward.
The Charity held number of sessions of this year speaking out as Muslims through the year via Zoom on weekly basis. The programs were open to boys and girls aged 14-18 years old and focused on empowering the youth through public speaking exercises utilising important topics to strengthen their belief and knowledge.

Financial Review

All resources received and expanded are treated as unrestricted funds.

Reserves

Reserves were held on meet the operational costs of the organization.

The trustees declare that they have approved the trustees report above: -

Dr Ahmed Mahammed Date: 07.02.2025

MAKAZ AL-TAQWA ALISLAMI

Accountant Report for The Year Ended 31 December 2024

In accordance with the engagement letter dated, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Trust from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the trustees that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trustees for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2022 your duty to ensure that the trust has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Trust is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

ZA Ltd

07.02.2025

ZA Ltd BSc, MSc, FMAAT, FFA, FIPA 8 Colton Road Harrow Middlesex HA1 1SG

MAKAZ AL-TAQWA ALISLAMI

MARKAZ AL-TAQWA ALISLAMI

RECEIPTS AND PAYMENT ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2024

Receipts Donations Fees Profit on asset disposal Gift Aids Total Incoming Resources Payments Wages Rates & Water Light and Heat Events expenses Printing, Postage and Stationery Bank Charges Repairs and Maintenance Website cost Accountancy Sub Total Assets and Investment Total Payments Net receipts Cash funds this year		Unrestricted £ 48,782 - - - 48,782 30,592 1,839 1,688 2,829 88 60 31 283 400 37,811 10,000 47,811 972 972		Total Funds 31/12/2024 £ 48,782 - - - 48,782 30,592 1,839 1,688 2,829 88 60 31 283 400 37,811 10,000 47,811 972 972		Total Funds 31/12/2023 £ 42,965 - - -	Total Funds 31/12/2023 £ 42,965 - - -

							42,965
							27,391 1,984 1,884 2,515 30 51 406 142 400
							35,062 10,000
						-	45,062 2,097
						-	2,097

MAKAZ AL-TAQWA ALISLAMI

MARKAZ AL-TAQWA ALISLAMI

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024

Cash Funds Bank Assets retained for the Charities own use Premises Equipment Liabilities Interest loan free Bank Loan		Unrestricted £ 5,955 5,955 - 5,958 5,958 - - -		Total Funds 31/12/2024 £ 5,955 5,955 - 5,958 5,958 - - -		Total Funds 31/12/2023 £ 8,359	Total Funds 31/12/2023 £ 8,359

							8,359
							- 5,958
							5,958
							- - -

Approved by the trustees and signed on their behalf:

Chairperson ---------------------------Date: 08.02.2025

MAKAZ AL-TAQWA ALISLAMI

Notes to the accounts for the period ended 31[st] December 2024

Principal accounting policies

The following accounting policies have been applied consistently in dealing with items which considered material in relation to these accounts.

Accounting convention

These financial statements have not been prepared in accordance with UK GAAP or IFRS.

Income

Income is brought to account on a received basis.

Expenses

Expenses are brought to account on the accrual basis.