Charlty reglstrailon numbgr 1171255 KANZ-UL-IMAN JAMIA MOSQUE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
KANZIIL-IMAN JAMIA MOSQUE LEGAL AND ADMINISTRATIVE INFORMATION Chalrman Haji Mushtaq Huwn Seer•tary Haji Abdul Sallar Charlty number 1171255 Prfnclpal dr•s$ Binfiekj Street Tipton DY4 8LS Indgpend•nt examlner Kaiser Nman Nathan LLP 57 Atfved Street SpabrOOk Binningham B128JP Bank•r¥ HSBC Dudley West Midl8nds
KANZ-UL-IMAN JAMIA MOSQUE CONTENTS Pa9e Trustees ret Independ8nt exami$ rewt statement of finanTr81 actsyitbes Balance sheet Notes to the financial statements 6- 11
KANZ-UL-IMAN JAMIA MOSQUE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Tha Trustees pr8sanl their annual report and fmarKial stst&ments forthe ended 31 Decembèr 2023. The financial statements have been prepared in accordan( the a¢Jn9 set t Sn nole 1 to Ihe financial stat8menls and compty with Ihe Kanz-ul-lrnan Jami8 Mosque's Igovem%ng documentl. the Charities Act 2011 and 'Accounting and Reporting by Charitie5". Staiement ol Recommended Practice applicable lo chaiibes preparing treir accounts in ac0)rdare vthh the Financial RewtTrJ Standard awtsble in the UK and Republic of Ir8land IFRS 102)" leffe¢bve 1 January 20191. Objecwvgs and a¢tfrvltl Kanzill-lman Jamia Mosque is a Charity ¢knnisatKX). li is wstered wth the Charity Cwmis6ions INO. 11712551 and constituted by Ded of Trust The Charity is administered by a Trust Committe8. The principal object of th8 Chanty is to wovK1e a Place of WThship. Religb)us Tead)ings ar¥J EducatK)n Centre for the benefit of the local communty. Policies are in ce for recruilm8nL antrbuty'ThJ and safeguarding but not regulated by 8ny other oryanisaoon and no serious iry>dent reF¥Yt8d or ne8ded. Thtr Trustees have paid due rega lo guidance issued by the Charity Commk%sion in dockjing what adNthes thg K8nziltslm8n Jamia shcwjld undertake. In lemis of activth"es. we We onty able to organ• one car wash this year and have not beén able to continuè with the Fiqh dasses or slmilar wtsJram5. However, we are makn'ng Steady pnjgrw in improwng th¢ children's educallon. A signfficant athievement is the renI purthase of the church afjjacent to our property. with plans to take possession by mid-october 2024. Our intention is to fent ¢yJt thg property to gen8rate in<y)me, which means the gxtension project will be on hokt unlil we can further s•ren our finantsal p05th"on. Mowng foA¥ard. our focus will retum to education. with plans to reintrfyluce a Fffjh dass. AchloY•m•nts at)d rtornian¢ts Flnan¢lal r•vlow It is the policy ol the Kanz-ul-lman Jamia Mosque that unTe5tricted fvnds have rKA been dèsignatgd lor specific use should be maintained at a lev81 equivalent to between three and six month's expenditure. Th Trustees condgr Ihat reserves at thts level will ensure thac in the event of a sKJnificant drop in fiJndirvJ, they VAII be able to continue the Kanz-uklman J8mia Mosque's current Nities vthile ccffisiderabon is gNtn to ways in which additional fvnds may be Nse(l. Thi"s bevel of eTh•S has ba8n maintsined Ihr(¥Jghwl the y$8r. The Trustees have asses the maiof risk5 to whth the KanzilNman Jamia Mosqug is exposed. and are satisfied thal systems arè in place to mibg8te exposure to th• major fisks. Structure. gov•rnancè and rnanagement The Trustees who servèd durir9 the year up to the data of siwature oflhe finanaal ststèments re.. Haji Mushtsq Hussain Haji Amir Zaman Haji Atxlul Sattar Haji Muhammed Shahban Muhammed Y(wJnis Mohammed Ashraf Haji Allah Ditta Haji Mohammed Arshwl Habib Khan
KANZ-UL-IMAN JAMIA MOSQUE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Mthammed Siddiqug Muhammad Maqboc4 Mohammed Azam Muhammed Shehzad Haji Karam Hussain Haji Mohamrned Sardar Haji Abdul Khaliq Haji Mohammed Yasin Tariq Karim statUS Kanz-Ul-Irn8n JarTha Mosque is a Registered Ch81ity. The Trustw report w¥$ approved by the Board ofTwsle85. Hajl Abdul Sattar Isecrotaryl Dated: 16 October 2024
KANZ-UL-IMAN JAMIA MOSQUE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KANZiIL4MAN JAMIA MOSQUE We report lo the Trustees on our examination of Ihe fmancial Slateffonts of Kanz4JHman Jamia Mosque (the Kanzilklman Jamia M05quel forthe year ended 31 Oecernber 2023. Re$ponslbllltles •nd basls of report As the Trustees ol lh8 Kanz-uklman Jamkq Mosque you are resFX)n5ible lor the preparation of the financAal Statements in accordance vrith the requifemants ol the CharitsesAci 2011 (the 2011 Aell. We report in rtsspect ol our gxamination of the KanZ4JlM?n Jamia Mosque's ftnanaal staternents carried out under saciion 145 of the 2011 A(. In carrying out our examinatlon. we have followed 811 the applicable Directions given by the Chaiity commiss under secbon 145(5Xbl Oftt 2011 ACL Ind•p•ndent •x•mlnerfs st•twn• Your attention is drawn to the fact that Ihe thanty has prepared finanaal statements in ac¢oTdance with Accountsng and Reporting by Chakibes paring their accounts in 8ccordance th the Financial ReportiThJ Standard applicable in the UK and Republ¢c of Ireland {FRS 1021 in preferencE to the Accounting and Reporbng by Charities.. Statement of Remmerje£l Pra'r issued on 1 April 2W5 whith is relerred to in th• ¢xtant fygulalions but has now bten vmhdrawn. We Underntrr th this has been done in Ixder financial statents to provvje 8 thje and falr view in accordance with Generally Accapted Accounting PrnctKg effective fty rewtng periods beginning or after 1 January 2015. We have completed our examination. We confim) th no matters have wme to our attention in conne¢tion vhth the examin8tion giwng us cause to i*lievè that in any material re5P8Ct'. awounting records were Th)t kept in resF•ca of the l<anZ-Uhrn8n Jamia Mosque as required by sec 130 of Ihe 2011 Act.. or Ihe financial statements do not accor(I wth those reccKd$". or the financial statements do not comply the applicable requirements rJJKemiThJ the forn and content of accounts set out in thè Charities IAccounis Reports} Regulations 2008 other than any requirement that the acojunts gNe a true arwj la rnt a matter considered as part of an ind8pend8rit exarnination. We have no concems and have cor across no other mattets in nI"On wilh the examinatw)n to which attenoon shwld drawn in this report in cfi1er to enaNe a proper understanding of Ihe finanryal statèments to be reached. Kaiser Nouman Nathan LLP 57 Alfred set Spa)roOk Bimingham B12 8JP DatÉt1.' 16 Octobef 2024
KANZ-UL.IMAN JAMIA MOSQUE STATEMENT OF FINANCIAL ACTNrriES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Nots$ Income Charitable activities 9S,501 93.973 endlture on: Charitable activities 51.818 35.267 Net In¢om• for th• y•arl N•t mov•m•nt In lunds 43.683 58.706 Fund balance8 at 1 January 2023 417.934 359.228 Fund balanc•s at 31 Doc•mber 2023 461,617 417,934 Thé slalement offinartial aCtreS (audeS all gains arwj losse8 le01*A in th& year. Thè statwn8nt of finaf)cial acbvibes IrUde3 811 gains and loss•s rewnised in the year. 1 inrA)ffle and •xpenditure dèrive from continuing actiwb"es.
KANZ-UL-IMAN JAMIA MOSQUE BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Flxed assets Tangible assets 2.228.083 2,181.246 Current assets Cash at bank and In hand 143254 218,945 Crodltors: amounts falling due wlthln year (4.8) 177,427} Net current assets 138,364 141,518 Total ass9ts l•sg ¢urr•nt Ilablliti•s 2.366,447 2.322,764 N•t as$•ts •xdudlng p•nslon liablllty 2.366,447 2.322,7fj4 The funds ofth• Kanz4J14man J•mla Mwque Unrestricled fvnds 2.386,447 2.322,764 2.366.447 2,322,764 The financial 5tstements were approved by the TNstees w 16 October 2024 Haji AtKlul Sattar
KANZ41L-IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eountlng ptsllel•s Charlty informatlon Kanz-ul-lman Jamia Mosque is a registered charity (Charity wmber. 117125S). 1.1 Accoyntlng conv•ntlon Thè financial statements have ten prèpared in accordarth with the Kanz-ul-lman Jamia Mosque's goveming dixumenL the Charities Acl 2011. FRS 102 Yhe Finanryal Repor'n9 Standard applicable in Ihe UK and Republic of Inrf I"FRS 102.1 and the Charities SORP 'Awuniing and Repoitng by Charitie8'. Stat8m•nt of Recommended Pracb"ce applb to ¢arities prepariThJ thw"r accounts in ac(x)rdance wilh the Finaneial Reporting Standard applicab in the UK and Republ of Ireland IFRS 1021" lellective 1 January 20191. The Kanz-ul-lman Jamia Mosque is a PublK Berwfft Enbty as defined by FRS 102. The Kanz-ul-lman Jamia Mosque has taken advantsgs of the twvtsics in the SORP tor chaTili&s not to prepar• a Statement of Cash Fk)ws. The financial statements have departed frryn the Charities IAcccNJnts arwj Reports) Regulations 2008 On to the extent required to pmwde a IvJe and fair view. This departure has invofvad follov•ing the Statemént ol Recomm8nded Practice for charibe5 applying FRS 102 rather than the verslon of the Strtement of Recommend1 Practice which is r8ferred to in the Regulations but which has since been wthdr8wn. The finan31 ststements 8r• preparad in sterfing. which is th• fvjndional rrencY of the Kanzilblm8n Jami8 Mosque. Monetsry affK)unts in Ihese final1 statements are rwnded to the nearest £. The financial stat•ments have been prepared under the historiral cost rX)nVentM. Imoditled to incbjde the revaluation of freeh)Id FKopertigs and to include investmenl prcyerties and cetsin finanual instruments at fair valuel. The princApal accounting policies athptèd are 58t out mY. 1.2 Going ¢onc•rn At the bme of approving the finanual ststements, Ihe Trustees have a rgasonabk? eXpedati( that the Kanz- Ul-Im8n Jami8 Mosque has adequate resoufces to continug in operational existence for the fores8eaNe fulurè. Thus the Trustses cDntinue to adopt the gcmry (£ern baw of ac40unting in preparing the financt81 ststements. 1.3 Charitable funds Unrestricted funds 8re av¥iLable for use at the disc1)n of the Trustees in fvrtherance of Iheir charitsble obiectrves. 1.4 Incom• Income is recognisèd when the Kanz-UFlman Jam5a Mosque is bgally entitsed to rt after any pwfomian¢8 ¢onditions have been met, the amounts can be measured reliabty, and it is probable that income will be r8eeiv&Y. Cash don81ions are recognised on r8ceipt. Other donab.ons are yenised once Kanz-ulman Jamia Mosque has boen notifi of Ihè donatK)n. unless perfomiarc¢ Cld1c$ requi deferral of the am¢)unt. Inwm8 tax recoverable in relation to donations received under Gift Aid or d98ds of covenant is reco9nised at the lime of lh donalirxi.
KANZ41L-IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s Icontlnued) 1.5 Expenditur• Expenditure is recognised once the is 8 18gal or conslruciwe obligation to transfer eCOrniC benefft to a third party. rt is probab that a transfer of ecor)mK befitS be rèquired in seltlement, and Ihg anwxjnt of the rt)ligation Ixn be measured reliabty. Expenditure is dassified by aclivty. The cDsts of eath acbwty mad& up of thè total of dired a)sts and shared ryjsts, including support Ctr6ts invofved in undertaking each activty. Direct costs attriixjlable lo 8 single aetivity art alk)cated directty to that aGtivity. Shared costs which ¢ontribut to more than one activity aThl support costs which arè not attributable to a single actiwty are apportioned belween those activtb.es on 8 basis consistenl with the use of resources. Central stsff costs are alk)cated on the baS of tim• spent. and eprecjation tharge$ are allocated on the porbon of the asset's use. Expenditure is induded In the financial Ststements on an awua15 b8$1s. 1.6 Tan9lble flxed assets Tangible fixed assets are inilialty measured at cost ar yJbseqL• measured At C4)st or valualion, nèt of depreciation arKI any impaiment losses. Depreciatlon is recognised so as to v•Tite off the ts)sl or ¥ation of assets les5 thelr residual values over their usefvl lives on the folbwThJ basès.. Freehtsld larKI and buibjings Flxtures and fittings Car Park 0% an vnitten drfi value 25% on written (INn value 0% on wriiten down value Th8 gain or loss 8ri5irvJ on the disptssal of an asset is d8temiined as the differ8r the sab pr<)ceeds and the ¢8r¥j value of the asseL and is reco9nis¥J in the $lat8mènt of ffinancial activities. 1.7 Impalmient of fix•d assèts At each repo.ng end date, th8 Kanz-ulMan Jamkq Mosque reviews the carrwng amounts of ils tangitrA& assets to determine wh8ther ih8re is any indicatw)n that th)se assets have Suffe an impaimient k>ss. If any such indication exists, the recoverable amount of the asset is estimatèd in order to detemine the extent ol the impaiment loss Irf any). 1.8 Cash ab)d cash equlvalents Cash and cash equNants include cash in hand, de hekl at 11 banks, other short4emi liquid investrnents original mattjrits.es of Ihree months or less. and bank overdralts. Bank overdrafts are shown within borrowngs in 1rrent liabilthes. Bosle fln•ncial assets Basic financaal assets, which indude ¢Jebtixs and eash and bank b?nceS. a initially rneasu #t transaction price incltmling transaction tosts and are subsequently carried at amorbsed o)st using the effe¢tlve interest mèthod unless Ihe arrangement consts"lutes a finanixng transacb'on, wherè the transaction is measured at the present va8 ol Ihe futu Tlp1S discounted at a market rat& of Inte$t Financial assets cL8ssffjied as receivable wlhin C year are not arnuti*Y.
KANZ-UL-IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIABER 2023 Aeeountlng polleb•• {ContInU) Baslc fin•nclal liabilltles Basic financial liabilities, induding tndrtors and bank lo3 are initsalty recognised at tr8ns8ction rffic8 unles$ the arrangement constitutes a financing transacb"on, where the debt InstnJm8nt is rneasured at the Present value of the futyr8 payments discoJnl8d at a market rate of interesL Financaal liabs1e$ dassffied as payabl& thin one year are not arnorb"sod. Debt in8truments are subsequentty Car at )rfts8d cosL usiThJ the effecbve intt T8té m8thcKI. Trade ueditors obligations to pay for g)yls or servtss that have been acquired in the ¢ydinary course of operations frorn suppliers. AnThJnts payabl8 are dasSffjd 35 ujrnt liabilrties rf paynent ¢9 due vthin one year or less. W Thjt. they aTe presented as non-tsjrrent liabilities. Trade creditL¥S are re&)gnised initialty at transaction price and subsequenvy me8sur8d at anrI151 cost using the effeclive interest method. D8r•cognltlon of Ilnanclal liabllltles Financial liabilities are derecognised Vh the KanzJJlrnaft Jamia Mosque's C•)ntradual obligadons explre or arg discharg8d or cancelkd. 1.9 Employe beneflts The cost tsf any unused holday enb"Ilernent is reccfjnised in the perirrfl in the ¢mFAoyee'5 setVl¢e5 are received. Terminatv)n benefiis are recognIs iMMlatelY as an expense vh)en the Kanz-ul-lman Jamia Mosque is d8monslr8bly committed lo temiin8te the empksyFrent ofan empk•ygè cff lo pmwde terniinalion benefits. 1.10 Retkroment b•n•flts Payments to defined contribubtin relirement benefft xtsmes am thar9ad as an expense as thèy fall d. Crltleal accountlng •stlmates and judgem•nts In the appli(alion ol KanZ-u1MaTr Jamia Mosque's actounting policies, the Trustees are required to make judgements, estimates and assumptions about the csrryirvJ amount of assets and b8bilities that are not readily apparent from other SoUrs. The estimales and associated assufnptions are based on historical èxperience end othgr fackns that ar• Considered to L rebevw)t Adu iesults may drfler from these 8stimat&s. The ests"mates and undertying assumptions a ye&wed on an orwng basis. Rewsions to a¢counbriy 8stimates are recognised in the period in which th8 estimate i8 resed whère the rewsK)n affects onty that peftod, or in the period of the and fur& per*)d$ we Ihe rOn affects both current and luture periods. Charltabk actlvld 2023 2022 Donations 9S.501 93.973
KANZ-UL-IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Charbtable activltl•s 2023 2022 Staff wsts Grant payrnent Depreuation Bank charges Sundry expenws Water Light & hèat Printing, postap & Statiry Telephone Repairs & maintenan(8 Cleaning Insurance L8gal fee othar Professkmal f8•S AcoJJntsnts f 19,790 1,814 1.490 2,924 425 1.297 485 3.489 472 882 2,411 142 922 303 599 1.193 176 2.552 1.280 202 12.244 1.380 1,230 51.818 35,287 Net movement In fvnds 2023 2022 The net movemtrnt In fvnds is slated after chargi@{tYerfrting}: Deprguaticffj of tangible fixed assets 2,924 1.490 Employees The average monthty number of enwkny8es during the yoar was.. 2023 Number 2022 Number Empk*ym•nt costs 2023 2022 Wages and $818ries Pension costs 19,790 49 22.604 19.790
KANZ-UL.IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employe•s {ContInU) Thwo wer8 rKJ employees whose anThJal remuneration was mre than £60,[70. Taxatlon The charity is exempt frcrfn t210n on hs acti1 bewse all its incomè is appbed for charitsble purpws. Tanglble fixed assets Frwhold l•nd FLthr¢s •rMI and tsjlldlngs fftvrys ¢u Patr Tot•1 Cost At 1 January 2023 Addthns 2.020.79S 37271 11,077 12.490 155,980 2.187,852 49,761 At 31 Dmber 2023 2,058.C 23.567 155,980 2,237.613 Doproclatlon and ImpJirm•nt At 1 January 2023 Depreciaoon Charg in the yr 6,606 2,924 2.924 Al 31 Decambèr 2023 9,530 9.530 Canylng amount At 31 December 2023 2.058.066 14.037 155,9BO 2,228,083 At 31 December 2022 2.020.795 4,471 155,980 2,181,246 The eslimated market valve Of Ihe freshohl propety is gsb"mated by Ihe Management Committee to be in ex¢85s of £2,0,000. The additions to the fixed awts includè expenditure such as building costs. labour Costs and legal & professional fees 18th"ng to th8 mosque extsnson. CTedliOfS: amounts falllng due wlthln one yoar 2023 2022 Othèr taxation and scxial security Trade tteditors othèr credtto Accruals and deferred incxxme 122 332 74.145 2,050 sN)o 900 4,890 77.427 10.
KANZ4JL-IMAN JAMIA MOSQUE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 R•Yr8m•nt neffl schemes 2023 2022 D•fin•d eontrlbullon sch•m•s Charge to profft or k)ss in re5pe¢t of defined (>)ntributk)n schemes 49 The KanziJNman Jamia Mosque owraies 8 defined conthbution pension scheme for •1 qualtyng empbyees. The assets of the scheme are hekj separatety fmm those of the KanZ-Ulrnan Jamia Mosque in an independenty administered fund. 11 Unrestrlct•d fvnds The unrestricted ftjnds ofthe ¢harity rA)MFSe uney¢¢TrJed balances of donatiw$ and grants whith are not subject to specffic conditions by donors and gKantOf5 as to how they m3y be uswl. These indude designated funds whth hav¢ been Set a&de of unrestricled fvnds by trusteas for specfft purposes. At31 DeMb•1 2023 At 1 January 2023 Incomlng re50ur¢es Rèsources exp•nded General funds 2.322.764 95,501 151,8181 2,366,447 Prevlous yoar. At 1 January 2022 Incomlng resources Resourees expended At31 Dgcèmber 2022 General funds 2.264.058 93,973 135,2671 2.322,764 12 Related party transactlons There **re no disckJs8ble related paty transartions during the year12022- none}. 11