MASJID HAYAT-UN-NABIY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 REGISTERED NO. 1172406 (ENGLAND AND WALES)
MASJID HAYAT-UN-NABIY CONTENTS PAGE CHARITY INFORMATION TRUSTEES, REPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING CONVENTIONS AND ACCOUNTING POLICIES NOTES TO THE FINANCIAL STATEMENTS 10-11
MASJID HAYAT-UN-NABIY CHARITY INFORMATION LEGAL NATURE: FOUNDATION CHARITABLE INCORPORATED ORGANISATION (CIO) DATE OF CONSTITUTION I JANUARY 2017 DATE CHARITY INCOPORATED: 4 APRIL 2017 DATE CHARITY REGISTERED: 4 APRIL 2017 CHARITY NUMBER: 1172406 {England and Wales} TRUSTEES/MEMBERS'. ZAFAR IQBAL ICHAIRI MUHAMMAD YASIR IQBAL SABINA IQBAL CHARITY OFFICE,. 180 WINDSOR ROAD OLDHAM OL8 IRG PRINCIPAL PREMISES: 138 WERNETH HALL ROAD OLDHAM OL8 2QZ BANKERS.. HSBC 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 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governin Document The charity is a charitable foundation incorporated organisation (CIO) established on l January 2017 by means of a formal constitution settlement. That document was formally registered with the Charity Commission on 4 April 2017 at which time the charity was duly incorporated. Trustees The original constitution appointed three trustees, all of whom are still serving. All three trustees are listed on page l. They do not serve for fixed terms. anisational Structure 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 ement The trustees have conducted a review of the major risks to which the charity IS exposed and have taken appropriate steps to mitigate those risks. OBJECTIVES AND ACTIVITIES Ob'ectives The Charity's objectives as laid 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, lecturesi public celebration of religious festivals, producing and/or distributin8 literature on Islam to enlighten others about the Islamic religion. 2) 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 associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the residents. Page 2
MASJID HAYAT-UN-NABIY TRUSTEES, REPORT CONTINUED FOR THE YEAR ENDED 30 NOVEMBER 2024 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 achieved a surplus of £1,784 in the year compared with a surplus of £1,106 achieved in the previous year. Reserves Polic The charity has free reserves of £50,933 {made up of £55,469 less Net Fixed Assets of £4,536). This represents almost fourteen months of cover for the current level for unrestrlcted expenditure. The agreed target level of cover is twelve months unrestricted expenditure. FUTURE PLANS The trustees plan in 2024 to provide at least the same level of services as has been provided in 2023, subject, of course, to any government regulations, arising out of the pandemic.
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2024 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, DECLARATION In accordance with charity law, as trustees, we certify that:_ So far as we are aware, there is no relevant financial information of which the trust's independent examiner is unaware. We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant financial Information and to establish that the trust's independent examiner is aware of that information. INDEPENDENT EXAMINER Devshi 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 was approved by the trustees on 11 by:" 2025 and is signed on their behalf .Trustee ,Trustee
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2024 Trustees. responsibilities in relation to the Financial Statements The law applicable to charities in England and Wales requires the trustees to prepare financial statements 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; and to prepare the financial statements on the on-going concern basis unless it is inappropriate to presume the 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 Charities Act 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 respect of the independent examination, the trustees have a responsibility to ensure that they 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 information.
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2024 Independent Examiner's Report to the Trustees on the Financial Statements I, Devshi Chothani, report on the Financial Statements of the charity for the period ended 30 November 2024 as set out on pages 7 and 8 together with the notes on pages 9 to 11. Respective responsibilities of the Trustees and the Examlner 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 (the Charities Act) and that an independent examination is needed. It is my responsibility as the Independent Examiner.. to examine the Financial Statements under section 145 of the Charities Act., to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act)., to state whether particular matters have come to my attention, Basis of the Independent Examlner's statement My examination was 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 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 consequently no opinion is given as to whether the Financial Statements present a "true and fair view and the report is limited to those matters Set out in the statement below, Independent Examiner'8 Statement In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect, the accounting records were not kept in accordance 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 requirements concerning the form and content of Financial Statements 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 come across no other matters in connection with the examination to which attention should be drawn in this report in der to enable a proper understanding of the accounts to be reached. Date IJ DEVSHI CHOTHANI Chartered Accountant Director of DBF Associates Ltd 10 Park Place Manchester M4 4EY
MASJID HAYAT-UN-NABIY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 NOVEMBER 2024 UNRESTRICTED FUNDS 2023 2024 NOTES INCOMING RESOURCES FROM: Charitable Activities 10 Other Sources 44,038 35,322 44,048 35,322 RESOURCES EXPENDED ON: Raising Funds Charitable Activities 42,264 34,216 42,264 34,216 SURPLUS/DEFICIT FOR THE PERIOD 1,784 1,106 FUNDS BROUGHT FORWARD 53,685 52,579 FUNDS CARRIED FORWARD 55,469 53,685
MASJID HAYAT-UN-NABIY BALANCE SHEET AS AT 30 NOVEMBER 2024 2024 2023 NOTES FIXED ASSETS 4,536 5,040 CURRENT ASSETS Debtors 1,355 1,355 Cash at Bank 49,503 47,128 Cash in hand 315 403 51,173 48,886 LESS.. CURRENT LIABILITIES Creditors 240 240 50,933 48,645 NET ASSETS 55,469 53,685 REPRESENTED BY: General Fund 55,469 53,685 Approved by the trustees on ........ .2025 and signed on their behalf by: Tr14Steè .Trustee
MASJID HAYAT-UN-NABIY YEAR ENDED 30 NOVEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1 Accounting Conventions 1.1 BASIS OF PREPARATION The Financial Statements have been prepared under the historical cost convention and in accordance with the Charities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charities SORP (FRS 102) - Update Bulletin 2 issued in October 2018 1.2 GOING CONCERN CONCEPT The Financial Statements have been compiled on the assumption that the charity will be a going- concern for at least e1ve months from the date of this report. 1.3 SOFA MINOR MODIFICATION The trustees have opted to modify the SOFA slightly by grouping all incoming resources, other than those derived from Charitable Activities, under the generic heading Other Sources" in order to avoid any potential confusion that could arise from the use of the heading "Donations and Legacies 2 Accountlng Policles 2.1 INCOME a) 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 volunteers has not been included. b) Grants, including any grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. 2.2 EXPENDITURE a) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. b) Resources expended are allocated to the particular activity where the cost relates directly to that activity. 2.3 FUNDS a) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. bl Designated funds are unrestricted funds which have been specifically earmarked by the executive committee for particular purposes. c) Restricted funds are funds to be used for specific purposes as laid down either by the donor or by the terms of the appeal. Expenditure which meets these criteria is charged to those funds. Currently, the charity does not have any restricted funds.
MASJID HAYAT-UN-NABIY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 30 NOVEMBER 2024 NOTE 3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2024 2023 Children's Tuition Fees 42,038 35,022 NOTE 4 INCOMING RESOURCES FROM OTHER SOURCES Donations Rental Income Government Covid 19 Support Grants io 2,000 300 TOTAL 2,010 300 OVERALL TOTAL RESOURCES EXPENSES ON CHARITABLE ACTIVITIES 44,048 35,322 NOTE 5 2024 2023 5.1 DIRECTCOSTS Teachin8 Staff Costs Additional Teaching Support 11,815 13,755 11,065 13,418 DIRECT COSTS TOTAL 25,570 24,483 5.2 SUPPORT COSTS 5.2.1 ESTABLISHMENT Heat and Light Water Insurance Maintenance Donations Cleaning 3,488 498 1,828 8,354 2,885 224 2,272 1,059 1,175 149 TOTAL 14,318 7,615 5.2.2 ADMINISTRATION Minor Equipment Bank Charges Communication costs 104 1528 1,633 94 1224 1,318 TOTAL GOVERNANCE AND COMPLIANCE 5.2.3 Independent Examiner's Fee 240 240 5.2.4 DEPRECIATION Fixtures and Fittings 504 560 SUPPORT COSTS TOTAL 16,694 9,733 OVERALL TOTAL 42,264 34,216 io
MASJID HAYAT-UN-NABIY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 NOTE 6 FIXED ASSETS Fixtures and Fittings at cost Less: Depreciation for the year 5,040 504 4,536 5,600 560 5,040 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 PARTY TRANSACTIONS There were no such transactions in the year. NOTE 11 In achieving the surplus £504 was charged as depreciation on Fixed Assets. 11