MASJID HAYAT-UN-NABIY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 REGISTERED NO. 1172406 (ENGLAND AND WALES)
MASJID HAYAT-UN44ABIY CONTENTS PAGE CHARITY INFORMATION TRUSTEES, REPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING CONVeNTIONSAND ACCOUNTING POLICIES NOTES TO THE FINANCIAL STATEMENTS ickii
MASJID HAYAT-UN44ABIY CHARITY INFORMATION LEGAL NATURE.. FOUNDATION CHARITABLE INCORPORATED ORGANISATION ICIOI DATE OF CONSTITUTION IJANUARY 2017 DATE CHARITY INCOPORATED.. 4 APRIL 2017 DATE CHARITY REGISTERÉO.. 4 APRIL 2017 CHARITY NUM8ER'. 1172406 IEn8land and Wales) TRUSTEES/MEM8ERS- ZAFAR IQBAL ICHAIRI MUHAMMAD YASIR IQBAL SABINA IQBAL CHARITY OFFICE- 180 WINDSOR ROAD OLDHAM OL8 IRG PRINCIPAL PREMISES: 138 WERNEfH HALL ROAD OLDHAM OL8 2QZ BANKERS.. HS8C 109 UNION STREET OLDHAM OLI IRT INDEPENDENT EXAMINER- DEVSHI CHOTHANI CHARTERED ACCOUNTANT DBF ASSOCIATES 10 PARK PLACE MANCHESTER M4 4EY Page I
MASJID HAYAT-UN-NABIY TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 STRucfuRE, GOVERNANCE AND MANAGEMENT Governin Document The charity is a charitable foundation incorporated organisation ICIOI established on l January 2017 by means of a formal constitution settlement. That document was formally reglstered with the Charity Commission on 4 April 2017 at which time the charlty was duly Incorporated. Trustees The original constitution appointed three trustees. all of whom are still servin8. All three trustees are listed on page l. They do not serve for fixed terms. anisational tru ture The day-to-day management of the trust lies In the hands of the three trustees referred to above, who meet on a regular basis to carry out the requisite managerial tasks. Risk Mana em The trustees have conducted a review of the major risks to which the charity Is exposed and have taken appropriate steps to miti8ate those risks. OBJECTIVES AND ACTIVITIES Ob ectives The CharitV'5 objectives as lald down in the constitution referred to above are as follows:_ i) To advance Islam in Oldham. in particular in the districts of Coppice and Werneth, for the benefit of the public through the holding of prayer meetings. lectures, public celebratlon of religious festivals, producing and/or distributing literature on Islam to enlighten others about thelslamlc religion. 21 To further benefit the residents of Coppice and Werneth and the neighbourhood without distinction of sex. sexual orientation, race or of political, religious or other opionions by a550ciating together the said residents and the local authorities, voluntary and other organisation5 in a com mon effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occvpation with the objective of improving the residents. Page 2
MASJID HAYAT-UN-NABIY TRUSTEES, REPORT CONTINUED FOR THE YEAR ENDED 30 NOVEMBER 2023 Activities The charity's activities included the provision of prayer facilities each Friday and on the various religious festivals and the provision of a community centre to serve as a focal point for the community in Oldham. They also included the provision of education facilities for the children of members. FINANCIAL REVIEW General Review The charity achleved a surplus of £1,106 in the year compared with a surplus of £1,217 achieved in the previous year. rv The charity has free reserves of £48,645 (made up of £53.685 less Net Fixed Assets of £5,0401. This represents alrnost fourteen months of cover for the current level for unrestricted expenditure. The agreed target level of cover is twelve months unrestricted expenditure. FUTURE PLANS The trustees plan In 2023 to provlde at least the same level of servlces as has been provided in 2022, subject, of course. to any 8overnment regulations. arising out of the pandemic.
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2023 RESPONSIBILITIES OF THE TRUSTEES AND OF THE INDEPENDENT EXAMINER Responsibilities of the Trustees These are detailed on page 5. Responsibilities of the Independent Examiner These are detailed on page 6. TRUSTEES, DÉCLARATION In accordance wlth charity law, 05 trustees, we certify that:_ So far as we are aware. there is no relevani flnancial informotion of which the trust's Independent examlner is unaware. We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant financlal Information and to establlsh that the trust's independent examiner is aware of that information. INDEPENDENT EXAMINER Dev5hi Chothani, Chartered Accountant was first appointed as an independent examiner of the trust in 2017. He has expressed his willingness to continue in that capacity. APPROVAL OF REPORT This report has been prepared in accordance with the Charities SORP IFRS 102 - Update Bulletin 2 issued in October 2018 and the Charities Act 2011. It wa5 approved by the trustees on bv:. 2024 and is signed on their behalf rustee ..Trustee
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2023 Trustees, responslbllltles In relatlon to the Flnanclal Statements The law applicable to charities in England and Wales requires the trustees to prepare financial slalements for each financial year. which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required: to select suitable accounting policies and then apply them consistently.. to make judgements that are reasonable and prudent; to state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements., arvj to prepare the financial statements on the on-going concem basis unless rt is inappropriate to presume Ihe charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charits'es Acl 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. In respecl of the independent examination. the trust8es have a responsibility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to establish thal the independent examiner is aware of that infomation.
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2023 Independent Examiners Report to the Trustees on the Flnanclal Statements I, Devshi Chothani, report on the Financial Statements of the charlty for the period ended 30 November 2023 as Set out on pages 7 and 8 together with the notes on pages 9 to 11. Respectlve responslbllltles of the Trustees and the Examlner The charity's truslees 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 (the Chantias Act) and thal an independent examination is needed. It is my responsibilrty as the Independent Examiner.. to examine the Financial Statements under section 145 of the Chanlies Act,. to follow the procedures laid down in the General Directions given by the Charty Commission (under section 14515)(bl of the Charities Act)., to slate whether particular matters have come to my attention. 8asls of the Independent Examlner's statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination inGludes a review of the accounting records kept by the charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenty no opinion is given as to whether the Financial Statements present a 'lrue and faiff view and the report is limited to those matters set out in the statement below. Independent Examlnerfs statement In connection wlth my examination no malerlal matters have come to my attention whlch gives me cause to believe that. in any material respect. thè accounting records were not kept in accordance viith section 130 of the Charities Act.. or the Financial Statements did not accord wrth the accounting records; or the Financial Statements did not comply wth the applicable requirements conceming the form and conlent of Financial Statemenls set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the Financial Statements give a "true and fair" view which is not a matter considered as part of an independent examination. I have Gome across no other matters in connection the examination to which attention should be drawn in this report ' order to enable a proper understanding of the accounts to be reached. Date . DEVSHI CHOTHANI Chartered Accountant Director of DBF Associates Lld 10 Park Place Manchester M4 4EY
MASJID HAYAT-UN-NABIY STATEMENT OF FINANCIAL A1VITIEs YEAR ENDED 30 NOVEMBER 2023 UNREsfRICTED FUNDS 2022 2023 NOTES INCOMING RESOURCES FROM- Charitable Activities 10,041 Other Sources 35,322 30,931 35,322 40,972 RESOURCES EXPENDED ON.. Raisin8 Funds Charitable Artivities 34,216 39,755 34,216 39.755 SURPLUSIDEFICIT FOR THE PERIOD 1,106 1,217 FUNDS BROUGHT FORWARD 52,579 51,362 FUNDS CARRIED FORWARD 53.685 52,579
MASJID HAYAT-UN-NABIY BALANCE SHEET ASAT 30 NOVEMBER 2023 2023 2022 NOTES FIXED ASSETS 5,040 5.600 CURRENT ASSETS Debtors 1,35S 1,355 Cash at Bank 47,128 45,222 Cash in hand 403 642 48,886 47,219 LESS.. CURRENT LIABILITIES Credltors 240 240 48,645 46,979 NET ASSETS 53,685 S2,579 REPRESENTED BY: General Fund 53,685 52,579 Approved by the trustees on51. 4and signed on their behalf by.. -.20 .Trustee ..Trustee
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 1 Accounting Conventions 1.1 BASIS OF PREPARATION The Financial Statements have been prepared under the histori1 cost convention and in accordance wlh the ChaTibes (Accounts and Reports) Regulations 2008. the Charities Act 2011 and the Charities SORP IFRS 1021- Update Bulletin 2 issued in October 2018 1.2 GOING CONCERN CONCEPT The Financial Statements have been Corn1ed on the assumption thal the charity will be a going- ¢oncern for at least e7Ve months from the date of this report. 1.3 SOFA MINOR MODIFICATION The trustees have opted lo m¢)dify the SOFA slightly by grouping all incorning resources, other than those derived from Charitable Activitses, under the geneTiC heading "Other Sources" in order to avoid any potential confusion th81 could arise from the use of the heading'Donations and Legacie5" 2 Acoountlng Pollcl•• 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 serwcey provided by volunteers has not been included. bl Grants, induding any grants for the purchase of fixed assets. are recffjnised in full in the Slalernerbl of Financial Aelivilies in ihe 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 attributable VAT which cannol be recovered. bl Resources expended are allocated to the particular actiwty where the cost relates direcdy lo thot 8clivity- 2.3 FUNDS 81 Unrestricted funds are donations and other incoming reSoUrS receivable or generated for the object5 of the ¢hanty wthout further specified purpose and are available as general funds. b) Oesignated funds are unrestricted funds whth hove been specffically eamarked by the executlve committee for parb'cular purposes. c} Restricted funds are fund$ to be used for specrfic purposes as laid dovm either by the donor or by the terms of the appeal. Expenditure which meets these critena is charged to those funds. Currently, the charity does not have any restricted funds.
MASJID HAYAT-UN-NABIY NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO} YEAR ENDED 30 NOVEMBER 2023 NOTE 3 INCOMING RESOURCES FROM CHARITABLE A1VITIEs 2023 2022 Children's Tuition Fees 35,022 30,931 NOTE 4 INCOMING RESOURCES FROM OTHER SOURCES Donation5 Rental Income Government Covid 19 Support Grants 10,041 3rAJ TOTAL 31)) 10,041 OVERALL TOTAL 35,322 40,972 NOTE 5 RESOURCES EXPENSES ON CHARITABLE ACTIVITIES 2023 2022 5.1 DIRECT COSTS Teachlng Staff Costs Add5tlonal Teachlng Support 11,065 13,418 13,219 15,743 DIRE COSTS TOTAL 24.483 28.962 5.2 SUPPORT COSTS 5.2.1 ESTABLISHMENT Heat and Llght Water Insvrance Maintenance Donatlons Fire Protection Costs 2,88S 224 2,272 1,059 1,175 1,838 787 2,122 2,148 490 400 TOTAL 7,615 7,785 5.2.2 ADMINISTRATION Minor Equipment Bank Char8e5 Communlcation costs 938 68 1140 94 1,224 1,318 TOTAL GOVERNANCE AND COMPLIANCE 2146 5.2.3 Independent Examiner's Fee 240 240 5.2.4 DEPRECIATION Fixtures and Fittings 560 622 SUPPORT COSTS TOTAL 9,733 10,793 OVERALL TOTAL 34.216 39,755 io
MASJID HAYAT-UN-NABIY NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 NOVEM8ER 2023 2023 2022 NOTE 6 FIXED ASSETS Fixtures and Fittings at cost Less: Depreciation for the year 5.600 560 5,040 6,222 622 5.600 Net Book Value NOTE 7 DEBTORS Insurance Prepaid NOTE 8 CREDITORS Independent Examiner's Fee 240 240 NOTE 9 EMPLOYEES Number of Employees in period NOTE 10 RELATED PARTYTRANSAcnoNS There were no such transattions in the year. NOTE 11 In achievin8 the surplus £560 was charged as depreciation on Fixed Assets. li