Charity registration number 1171255
KANZ-UL-IMAN JAMIA MOSQUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
KANZ-UL-IMAN JAMIA MOSQUE
LEGAL AND ADMINISTRATIVE INFORMATION
| Chairman | Haji Mushtaq Hussain |
|---|---|
| Secretary | Haji Abdul Sattar |
| Charity number | 1171255 |
| Principal address | Binfield Street |
| Tipton | |
| DY4 8LS | |
| Independent examiner | Kaiser Nouman Nathan LLP |
| 57 Alfred Street | |
| Sparkbrook | |
| Birmingham | |
| B12 8JP | |
| Bankers | HSBC |
| Dudley | |
| West Midlands |
KANZ-UL-IMAN JAMIA MOSQUE
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
KANZ-UL-IMAN JAMIA MOSQUE
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Kanz-Ul-Iman Jamia Mosque's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
Kanz-Ul-Iman Jamia Mosque is a Charity Organisation. It is registered with the Charity Commissions (No. 1171255) and constituted by Deed of Trust.
The Charity is administered by a Trust Committee.
The principal object of the Charity is to provide a Place of Worship, Religious Teachings and Education Centre for the benefit of the local community.
Policies are in place for recruitment, anti-bullying and safeguarding but not regulated by any other organisation and no serious incident reported or needed.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Kanz-Ul-Iman Jamia Mosque should undertake.
For activities this year, we have managed one car wash and we also held an Eid Mela.
We are currently researching into community-based projects to run from the church we purchased last year. We are conscience of the fact that an ever-growing community has needs that require addressing which hopefully we will be able to. Our education system is making good progress. We have a large number of students, some of them have come from the surrounding areas which is encouraging, over the coming year we will be reviewing our curriculum and introducing additional textbooks.
Achievements and performance
Financial review
It is the policy of the Kanz-Ul-Iman Jamia Mosque that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Kanz-Ul-Iman Jamia Mosque’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the Kanz-Ul-Iman Jamia Mosque is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements were: Haji Mushtaq Hussain Haji Amir Zaman Haji Abdul Sattar Haji Muhammed Shahban Muhammed Younis Mohammed Ashraf Haji Allah Ditta Habib Khan Mohammed Siddique
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KANZ-UL-IMAN JAMIA MOSQUE
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Muhammed Maqbool Mohammad Azam Haji Karam Hussain Haji Mohammed Sardar Haji Abdul Khaliq Haji Mohammed Yasin Tariq Karim
Status
Kanz-Ul-Iman Jamia Mosque is a Registered Charity.
The Trustees report was approved by the Board of Trustees.
Haji Abdul Sattar (Secretary)
Dated: 08 October 2025
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KANZ-UL-IMAN JAMIA MOSQUE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KANZ-UL-IMAN JAMIA MOSQUE
We report to the Trustees on our examination of the financial statements of Kanz-Ul-Iman Jamia Mosque (the Kanz-Ul-Iman Jamia Mosque) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the Kanz-Ul-Iman Jamia Mosque you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
We report in respect of our examination of the Kanz-Ul-Iman Jamia Mosque’s financial statements carried out under section 145 of the 2011 Act. In carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
We understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Kanz-Ul-Iman Jamia Mosque as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Nouman Shahzad for and behalf of Kaiser Nouman Nathan LLP 57 Alfred Street Sparkbrook Birmingham B12 8JP
Dated: 08 October 2025
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KANZ-UL-IMAN JAMIA MOSQUE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Income from: Charitable activities 3 Expenditure on: Charitable activities 4 Net income for the year/ Net movement in funds Fund balances at 1 January 2024 Fund balances at 31 December 2024 |
2024 £ 78,625 61,434 17,191 461,617 478,808 |
2023 £ 95,501 |
|---|---|---|
| 51,818 | ||
| 43,683 417,934 |
||
| 461,617 |
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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KANZ-UL-IMAN JAMIA MOSQUE
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension liability The funds of the Kanz-Ul-Iman Jamia Mosque Unrestricted funds |
2024 £ £ 2,368,192 17,492 (2,046) 15,446 2,383,638 2,383,638 2,383,638 2,383,638 |
2023 £ £ 2,228,083 143,254 (4,890) 138,364 2,366,447 2,366,447 2,366,447 2,366,447 |
2023 £ £ 2,228,083 143,254 (4,890) 138,364 2,366,447 2,366,447 2,366,447 2,366,447 |
|---|---|---|---|
| 2,366,447 | |||
| 2,366,447 | |||
| 2,366,447 | |||
| 2,366,447 |
The financial statements were approved by the Trustees on 08 October 2025
Haji Abdul Sattar
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Kanz-Ul-Iman Jamia Mosque is a registered charity (Charity number: 1171255).
1.1 Accounting convention
The financial statements have been prepared in accordance with the Kanz-Ul-Iman Jamia Mosque's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Kanz-Ul-Iman Jamia Mosque is a Public Benefit Entity as defined by FRS 102.
The Kanz-Ul-Iman Jamia Mosque has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Kanz-Ul-Iman Jamia Mosque. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the KanzUl-Iman Jamia Mosque has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the Kanz-Ul-Iman Jamia Mosque is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Kanz-Ul-Iman Jamia Mosque has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is included in the financial statements on an accruals basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 0% on written down value Fixtures and fittings 25% on written down value Car Park 0% on written down value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the Kanz-Ul-Iman Jamia Mosque reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Kanz-Ul-Iman Jamia Mosque’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Kanz-Ul-Iman Jamia Mosque is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Kanz-Ul-Iman Jamia Mosque’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Charitable activities
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Donations | 78,625 | 95,501 |
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4 Charitable activities
| Staff costs Grant payment Depreciation Bank charges Sundry expenses Water Light & heat Printing, postage & stationery Telephone Repairs & maintenance Cleaning Insurance Legal fee Other Professional fees Accountants fees 5 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets 6 Employees |
2024 £ 27,164 - 3,509 360 - 977 11,458 480 895 8,839 223 3,760 - 2,509 1,260 61,434 2024 £ 3,509 |
2023 £ 22,406 - 2,924 425 1,297 485 3,489 472 882 2,411 142 2,860 202 12,244 1,380 |
|---|---|---|
| 51,818 | ||
| 2023 £ 2,924 |
||
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| 3 | 2 | |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 27,164 | 22,555 |
| Pension costs | - | 49 |
| 27,164 | 22,604 |
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
6 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
7 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
8 Tangible fixed assets
| Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2024 2,058,066 23,567 Additions 143,618 - At 31 December 2024 2,201,684 23,567 Depreciation and impairment At 1 January 2024 - 9,530 Depreciation charged in the year - 3,509 At 31 December 2024 - 13,039 Carrying amount At 31 December 2024 2,201,684 10,528 At 31 December 2023 2,058,066 14,037 |
Car Park £ 155,980 - 155,980 - - - 155,980 155,980 |
Total £ 2,237,613 143,618 |
|---|---|---|
| 2,381,231 | ||
| 9,530 3,509 |
||
| 13,039 | ||
| 2,368,192 | ||
| 2,228,083 |
The estimated market value of the freehold property is estimated by the Management Committee to be in excess of £2,000,000. The additions to the fixed assets include expenditure such as building costs, labour costs and legal & professional fees relating to the mosque extension.
9 Creditors: amounts falling due within one year
| Other taxation and social security Trade creditors Other creditors Accruals and deferred income |
2024 £ 246 900 - 900 2,046 |
2023 £ 122 - 3,868 900 |
|---|---|---|
| 4,890 |
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KANZ-UL-IMAN JAMIA MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 10 | Retirement benefit schemes | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Defined contribution schemes | £ | £ | |
| Charge to profit or loss in respect of defined contribution schemes | - | 49 |
The Kanz-Ul-Iman Jamia Mosque operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Kanz-Ul-Iman Jamia Mosque in an independently administered fund.
11 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
1 January 2024 Incoming resources Resources expended At 31 December 2024 £ £ £ £ 2,366,447 78,625 (61,434) 2,383,638 1 January 2023 Incoming resources Resources expended At 31 December 2023 £ £ £ £ 2,322,764 95,501 (51,818) 2,366,447 |
|---|---|
12 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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