MASJID HAYAT-UN-NABIY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 NOVEMBER 2022 REGISTERED NO. 1172406 IENGLAND ANO WALES)
MASJID HAYAT-UN-NABIY CONTENTS PAGE CHARITY INFORMATION TRUSTEES, REPOAT 24 STATEMENT OF TRUSTEES, RESPONSIBILITIES INDEPENDENTEXAMINERS REPORT srATEMENT OF FINANCIAL ACTIVITIES BANCE SHEET ACCOUNTING CONVENTIONS AND ACCOUNTING POLICIES NOTES TO THE FINANCIAL STATEMENTS I11
MASJID HAYAT-UN-NABIY CHARITY INFORMATION LEGAL NATURE: FOUNDATION CHARITABLE INCORPORATED ORGANISATION ICIOI DATE OF CONSTITUTION I JANUARY 2017 DATE CHARITY INCOPORATED: 4 APRIL 2017 DATE CHARITY REGISTERED.. 4 APRIL 2017 CHARITY NUMBER.. 1172406 IEn8land and Walesl TRUSTEESIMEM8ERS'. ZAFAR IQBAL ICHAIRI MUHAMMAD YASIR IQBAL SABINA IQ8AL CHARITY OFFICE.. 180 WINDSOR ROAD OLDHAM OL8 IRG PRINCIPAL PREMISE5'. 138 WERNETH HALL ROAD OLOHAM OL8 2QZ BANKERS.. HSBC 109 UNION STREET OLDHAM OLI IRT INDEPENDENT EXAMINER.. DEVSHI CHOTHANI CHARTEREOACCOUNTANT DBF ASSOCIATES 10 PARK PLACE MANCHESTER M4 4EY Pa8e I
MASJID HAYAT-UN-NA8IY TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Governin Document The charity is a charitable foundation incorporated or8anisation ICIOI established on l January 2017 by means of a formal constitution settlement. That document wa5 formally registered with the Charity Commission on 4 April 2017 at which time the charity was duly incorporated. Trustees The orl8lnal constitution appolnted three trustees, all of whom are still servlng. All three trustees are listed on page l. They do not Serve for fixed terms. ni nal tructur The day-to-day management of the trust lies in the hands of the three trvstees referred to above, who meet on a regular basis to carry out the requisite managerial tasks. k Mana em The trustees have conducted a review of the major risks to which the charity is exposed and have taken appropriate steps to mitl8ate those risks. OBJECTIVES AND ACTIVITIES ectlv The Charity's objectives as laid down in the constitution referred to above are as follows:_ i) To advance Islam In Oldham. in partlcular In the districts of Copplce and Werneth, for the benefit of the public through the holding of prayer meetin85, lectures, public celebration of religious festivals, producing and/or distributing literature on Islam to enli8hten others about the Islamic religion. 21 To further benefit the residents of Coppice and Werneth and the nelghbourhood without distinction of sex, sexual orientation, race or of political, religious or other oplonions by associating together the said residents and the local authorilies, voluntary and other or8ani5ations in a common effort to advance education and to provide facilities in the interests of social welfare for retreation and leisure time occupation with the oblective of improving the residents. Page 2
MASJID HAYAT-UN-NABIY TRUSTEES, REPORT copillNUED FOR THE YEAR ENDED 30 NOVEMBER 2022 Activitles The charity's activities included the provision of prayer facilrties each Friday and on the various religious festivals and the provision of a community centre to serve as a focal point for the tommunity in Oldham. They also included the provision of education facllities for the children of members. FINANCIAL REVIEW General Review The charity achieved a surplus of £1.217 in the year compared with a surplus of £16,846 achieved in the previous year. The charity has free reserves of £46,979 (made up of £52.S79 less Net Fixed Assets of £5,61. This represents almost fourteen months of cover for the current level for unrestricted expendlture. The a8reed target level of cover is twelve months unrestricted expenditure. FUTURE PLANS The trustees plan in 2023 to provlde at least the same level of service5 as has been provided In 2022. subject, ot course, to any government re8ulations, arising out of the pandemic.
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEPABER 2022 RESPONSIBILITIES OF THE TRUSTEES AND OF THE INDEPENDENT EXAMINER Responsibilities of the Trustees These are detailed on pa8e S. Aesponsibilities of the Independeni Examiner These are detailed on pa8e 6. TRUSTEES, DECLARATION In accordance with charlty law, as twstees. we certify that-. So far as we are aware, there is no relevant financial informathjn of which the Irust's Indèpendent examiner is unaware. We have taken all the steps that we ou8ht to have taken in order to make ourselves aware of any relevani financial information and to establish that the tiust's independent e¥aminer is aware of that information. INDEPENDENT EXAMINER Devshi Chothanl, Chanered Accountant was first appointed as an Independent exarniner of the trust in 2017. He has expressed his willin8nes5 io continue in that capacity. APPAOVAL OF RÉPORT Thls report has been prepared in attordance with ihe Charliies SORP IFRS 102 - Update Bulletln 2 issued in October 2018 and the Charities Act 2011. It was approved by the trustees on bv'.- 2023 and is $fied on their beha ..Trustee ..Trustee
MASJID HAYAT-UN44ABIY YEAR ENDED 30 NOVEMBER 2022 Trust•es' rponSIbIlitIeS in relatlon to the Financial Ststemerrts The law appliCae to chanties in England and Wales requires the Injstees to prepare financial statements for each finanual year. vthich give a Irue and fair view of the chanty's financial activities during the year and of rts finanual posits.on al the year end. In preparing those financial statements, the trustees are required.. to select surtable accounting policies and then apF4y thern consistently,. to make judgements that are reasonat4e and prudent. lo stale ether applicable accounbng 5tsndards and slalements of recomrnended practs'ce have teen followed subjed to any departure disclosed and explained in the finan¢sal statements.. and to prepare the financial statements on the owoing concem basis unless il is inappropriate to presume the chanty 11 continue in business. The trustees are responsible for keeping accountiThJ CordS wthich disclose wth reasonable accuracy at any lime the financial position of the charity and enSe them to ensure that the financial statements comply wrth the Chanties Act 2011. They are also responsible for safeguarding the assets of the ¢hanty and hence for taking reasonable steps for the prevention of fraud and other IegUlarities. In respect of the independent examination, the Irustees have a SpOnsib"11 to ensure that tt)ey take all steps necessary in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that infomiatr"on.
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2022 Independent Examinees Report to the Trustees on the Financial Statements I, Devshi Chothani, report on the Financlal Statements of the charity for the period ended 30 November 2022 as Set out on pages 7 and 8 together with the notes on pages 9 to 11. Respective responsibilities of the Trustees and the Examiner The charity's trustees are responsible for the preparation of the Financial Statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ilhe Charities Act) and that an independent examination is needed. It is my responsibilrty as the Independent Examiner.. lo examine the Financial Statemen13 under section 145 of the Charities Act., to follow the procedures laid down in the General Directions given by the Charity Commission (under section 14515llbl of the Charities Act),. to stale whether particular matters have come lo my attention. Basls of the Independent Examlner's statement My examination wa5 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 comparison of the Financial Statements presented wrth those records. 11 a150 includes consideration of any unusual items or disclosures in the Financial Statements and seeking explanation from you as trustees conceming 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 Financial Statements present a "true and faiv, view and the report is limited to those matters sel out in the statement below. Indèpendent Exmln•rf •Lgtemont In ¢onne¢tion wth my examination no material matters have com8 lo my attention which gives me cause lo believe that, in any material respect, the accounting records were not kept in arX0rdan with section 130 of the Charities Act., or the Financial Statements did not accord with the accounting records., or the Financial Statements did not comply with the applicable requ1mentS conceming the form and conlenl of Finanual Statements sel out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the Financial Statements give 8 'lrue and fairf, view which is not a matter considered as part of an Independent examination. I have come across no other matters in connection with the examination to whi¢h attention should be drawn in this report in order lo enable a proper understanding of the account5 to be reached. Dale... DEVSHI CHOTHANI Chartered Accountant Director of DBF Associates Ltd 10 Park Place Manchester M4 4EY
MASJID HAYAT-UN4IABIY STATEMENT OF FINANCIAL Acfp41lTIES YEAA ENDED 30 NOVEMBER 2022 UNREsTricfED FUNDS 2021 2022 NOTES INCOMING RESOURCES FROM.. Charitable Activities 10.041 11.456 Other Sources 30.931 44.869 40,972 56.325 RESOURCES EXPENDED ON- Raising Funds Charitable Activities 28.962 39.479 28.962 39.479 SUAPLUSIDEFICIT FOR THE PERIOD 1.217 16.846 FUNDS BROUGHT FORWARD 51.362 34.516 FUNDS CARRIED FORWARD 52.579 Sl.362
MASJID HAYAT.UN-NABIY BALANCE SHEET AS AT 30 NOVEMBER 2022 2022 2021 NOTES FIXED ASSETS 5,600 6.222 CURRENT ASSETS Debtors 1.355 1,355 Cash at Bank 45,222 43,945 Cash in hand 642 2C(J 47.219 45,S(MJ LESS.. CURRENT LIABILITIES Creditors 240 360 46.979 45.140 NET ASSETS 52,579 51.362 REPRESENTED BY.. General Fund 52.579 51,362 Approved by the trustees on .-.......................... -2023 and signed on their behalf bv.. .Trustee .Trustee
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 1 Accountlng Conventlons 1.1 BASIS OF PREPARATION The Financial Statements have been prepared under the historical cost convention and In ac¢ordance wlh the Charities (Accounts and Report51 Regulations 2008, the Charitie5 Act 2011 and the Charities SORP IFRS 1021- Update Bulletin 2 issued in October 2018 1.2 GOING CONCERN CONCEPT The Financial Slalemenls have been GtsMpid on the assurnption that the charity will be a going- concem for at least twelve m¢nlhs from the dale of this report. 1.3 SOFA MINOR MODIFICATION The trustees have opted to modify the SOFA slightty by grouping all incoming resources. other than those derived from Charitable Activities, under the generic heading "Other Sources" In order to avoi¢J any potential confusion that could arise from the usè of the heading 'Donalions and Legacies" 2 Accounting Polici 2.1 INCOME al Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by voluntéers has not b8en included. bl Grants, induding any grants for the purchase ol fixed assets. are recognised in fvll in Ihe Statement of Financial Actyvit*s in the year in which they are receivable. 2.2 EXPENDITURE al Resources expended are recognised in the period in which they are incurred. Resources expended include attributsble VAT whith cannot be recovered. bl Resources expended are allocated to the particular activity where the cost relates diredy to that activity. 2.3 FUNDS al Unrestricted fund5 are donation5 and other incoming resources receivable or generated for the objects of the charty without further specified purpose and are available as general funds. bl Oesignated funds are unrestricted funds whh have been specificalty earmarked by the executs.ve committèe for pafti¢ular purpc>ses. cl Restricted funds are funds to be used lor specific purwses as laid down either by the donor or by the terms of the appeal. Expenditure which meets thèsè critèria is charged to those funds. Currenty, the charity does not have any restricted fvnds.
MASJID HAYAT-UN-NABIY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI YEAR ENDED 30 NOVEMBER 2022 NOTE 3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2022 2021 Children's Tuition Fees 30,931 11,456 NOTE 4 INCOMING RESOURCES FROM OTHER SOURCES Donation5 Government Covid 19 Support Grants 10.041 35,718 9,151 TOTAL 10,041 44,869 OVERALL TOTAL 40.972 56,325 NOTE S RESOURCES EXPENSES ON CHARITA8LE ACTIVITIES 2022 2021 5.1 DIRECT COSTS Teachln8 Staff Costs Additional Teaching Support 13.219 15,743 15,165 16,405 DIRECT COSTS TOTAI 28,962 31,570 5,2 SUPPORT COSTS 5.2.1 ESTABLISHMENT Heat and Light Water Insurance Maintenance Donations Fire Protection Cost5 1,838 787 2,122 2,148 490 400 2,660 485 1.689 604 320 TOTAL 7.785 5.758 5.2.2 ADMINISTRATION Minor Equipment Bank Charge5 Communication costs 938 68 1140 2,146 251 969 1220 TOTAL GOVERNANCE AND COMPLIANCE 5.2.3 Independent EMaminer'5 Fee 240 240 5.2,4 DEPRECIATION Fixtures and Fittings 622 691 SUPPORT COSTS TOTAL 10,793 7.909 OVERALL TOTAL 39,755 39,479 io
MASJID HAYAT-UN-NABIY NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 30 NOVEMBER 2022 2022 2021 NOTE 6 FIXED ASSETS FiUTeS and Fittings at cost Less.. Depreciation for the year 6.222 622 6.913 691 6,222 Net Book Value NOTE 7 DEBTORS Insurance Prepaid 1.355 NOTE 8 CREDITORS Independent Examiner's Fee 240 360 NOTE 9 EMPLOYEES Number of Employees in period NOTE 10 RELATED PARTY TRANSAcnoNS There were no such transactions in the year. NOTE 11 In achteving the Surplus £622 was charBed as depreciation on Fixed Assets. li