REGISTERED CHARrrY NUMBER: 1173764 WM EST. 1979 WORCESTER MUSLIM WELFARE ASSOCIATION Report of the Trustees and Financial Statements For the Year Ended 31 March 2024 WORCESTER MUSLIM WELFARE ASSOCIATION INDEX TO THE FINANCIAL STATEMEKrs for the year ended 31 March 2024 Contents Pages Reference and administrative details Trustees Report and responsibilities IndependentAuditorfs Report 8-10 Statement of Financial Activities Statement of Financial Position 12 Statement of Cash Flows Notes to the Financial Statements 14-21 Pagel I WORCESTER MUSLIM WELFARE ASSOCIATION REFERENCES AND ADMINISTRATIVE DETAILS for the year ended 31 March 2024 Reg(stered Charity Number: 1173764 Registered Principal Office: Central Mosque Tallow Hill Worcester Worcestershire WR5 1JU Trustees: Haris Saleem (Chairman) Mohammed Akbar (New secretary) Mohammed Iqbal (Outgoing Secretary) Muhammed Amin - Education Nazaqat Hussain - Treasurer Abdul Rauf - maintenan￿ (Retired in August 2024) Afzaal Iqbal {assistant secretary) Hamaad Akmal (educalKin) Management Committee: Sarfraz Baig - RelÉgious event organiserlcatering Basharat- Covering Imam Sajid Hussain - Maintenan Ghulani Shabbii - Education Zakwan Shaukat- social media Haroon Rizwan Sadique Haroon Rafique (August 2024) Jabbar Hussain (July 2024) Auditors: rrcA LTD Chartered Accknuntant and Registered Statutory Auditor 269 Famborough Roa(J Famborough Hants GU14 ILY Sollcttors: Ahmad Thomson Ivynne Chambers 5 Kimberly Road London NW6 7SG Hallmark Hulme 3-5 Sansome Pla Worcester WR1 1UQ Bankers: Santander Customer servi￿ Centre B￿tle Merseyside L30 4GB Page12 WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2024 The trustees present their report with the financial statements of WOr￿ter Muslim Welfare Association (WMWA) for the year ended to 31 March 2024. The trustees have adopled the provisions of the Statement of Recommended Practice (SORP) 'AGLJ)unting and Reporting by Charities, in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) as issued in January 2022. AIMS AND OBJECTIVES The Worcestershire Muslim Welfare Association (WMWA) is dedicated to imparting a positive image of Islam to the Worcestershire publÉc. We endeavour to achieve this through a range of outreach activities such as public discourses. cultural events. and by hamessing the power of digital outreach through our mosque's bespoke app. cornpatible with both Android and Apple devices. As a conscientlOUS Chantabie entity foGused on ihe communws wetfare, WMWA actively collaborates with key oxtomal organizalions-induding the IoGqI Council, NHS, Police, and educational bCKJies-tO ￿)nVeY signfficani arKI pertinent messages to our constituents. Our goal is to nurture a favourabie percepts'on of Islam and to ensure that our activities and prosence resonatc positivcly across thc communty. iTrospcctive of religious backgrounds. To thls eno. we are staunchly commrtted to deiNennq exemplary educatsonal content and increasing awareness across various demographics. Wc cnsure that WMWA'S amcnitics arc open to everyone. Muslim and non-muslim alike, and we especially invite non-muslims to paniapate in open days and educational visits to foster greater comprehension of Islam. Moreover. we are proponents of societsl w81fare programs and the pursuit of environmental sustainability, objectives we seek to realize through partnerships with public instilutions and private corporations. With an outk)ok that transcends national boundaries. we diligently gather donations for global emergency relief work, underscoring our (xymmitrnenl to humanitarian aid that transcends political or ethnic divisions. PUBLIC BENEFIT Due Tegard has been given to the guidance published by the Charity Commission on public benefit. STRUCTURE, GOVERNANCE, AND MANAGEMENT WMWA is constitut8d as a Charitable Incorporated Organisatton (CIO) registered with the Charity Commission. The CIO was fomed on 11 Juty 2017 and is goverr*d by its constitution. The board of trustees is made up of 7 members. Trustees are appointed at Ihe Trustees Meeting throughout the year. Page13 WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2024 (continued) RISK MANAGEMENT Trustees need to be aware of all risks facing charities. To overcome any potential risks, here at WMWA, we are always proactively finding ways of improving risk management through better education. improving and adopting new processes. All necessary Insurances are in place., DBS checks are done for all trustees and employees. Regular risk management appraisals arp done for fire, data management, cash handling. banking, filing systems. To better improve our systems and proG8sses, WMWA ara always looklng to work with professional organization8, to keop ahead of any regulation8 rdating to our organlzatlon. OUR STRATEGY AND GOAL8 With more than seven years of operations undei the CIO structure. WMWA has embraced numerous opportunities for expansion and has enhanced management pr￿edureS and transparency. Our focused goals for the fOrth￿rnIng year indude: To com ￿ete 500A of our new build project and then start all intcmal works by end of 202412025 Crafting a viablp. fiindr2ising strategy to facilitate timely fruition of the mosque projèct within the set three-year titneline. Initsatinq revision of the site plans for Unity House to promote WMWA'S financial autonomy and davoloping a busincss strategy for the optimal use of WMWA'S properties. Conliiiuing the expansion of our youth programs and augmenting education activities launchp.d from Unty House. Hiring qualified educatora and admini3trator3 for our educational progrnms or contemplating the estsblishment ot a specialized management body. Broadening our managerial and trustee ￿ards, ￿)Up1ad wtth professional development opportunities for executive trustees. Increasing the scope of ￿MMUnty engagement activities. suitable for all ages, and establishing roles for ￿MMunity volunteers. Amplifying our social media footprint across various platforn￿, including Facebook, Twitter, Instagram. and YouTube. to bolster our visibility and influence in the community. Advancing our online presence to introduce inrM)vative donation options, thereby expanding donor partiapation and community benefts. spiring to posttion WMWA as a preemirtent faith-based organization by attracting exceptional talent to spearhead our initiatives and generate the necessary fvnds to support our endeavours. Page14 WORCESTER MUSUM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2024 (¢ontinu•d> Prioritizing revenue generation through cA)mmitted team members, trustees, and volunteers to ensure the success of our projects. VOLUNTEERS Our volunteers play a vital role in our work to deliver our objectives. We have several h81pers throughout the year or as and when needed. ACHIEVEMENT AND PERFORMANCE WMWA has significantly contrÈbuted to community enrichment through: Conducting regular congregational prayers, drawing substantial daily attendance and a particularly large congregation on Fridays. Hosting monthly social events with ample provisions for Ihe communty, induding during noiable Islamic festivities. Offering comprehensFve funeral services that are sensitive to the Islamic faith, supporting bereaved farrFilies thiough thallenging titnes. Providing matrimonial (Nikah) serrftces for o)uples wishing to marry under Islamic tradition. Running educational programs for approximately 140 childr8n weekly. with extended classcs for tccnagers on weekends. The Stanley Road communlty centre serves as a hub ft)r varled local Initiallves, Including educational seminars. craft classes. frtness workshops. yOLrth programs. and private events. Engaging in philanthropic efforts. such as partnerships with local food banks, ￿ntributIOnS to Ramadan collections. and supporting local homeless initiatives alongside the Salvation Army. Organizing year-round Islamic educational lectures for a diverse audience and conducting interfaith events to foster communal hamiony. Developing partnership programs that feature regular sessions from extemal advisors addressing topics pertinent to the communivs needs. Page15 WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THE TRUSTEES for the year ended 31 March 2024 l¢ontlnued) GRANTS In Ihe lasl financial year, we collected funds for the Gaza appeal to provide financial assistsnce to the ongoing humanitsrian crisis, we collected £20,610 Once there is a safe corridor available to the charity to support work with an NGO, the money is still safe within the accounts of the charity. We are currently working with an agency to facilitate using the funds for food project and ￿lIef. We aim to use these funds before the end of 2024. We still have funding from previous Pakistan Appeal done previous financial year which we are working to set a water well project with an established NGO who can assist whin the areas affected. Anything we do with Intemation project requires a lot of due diligen￿ and research. Once we are happy and satisfied. we will therefore distribute funds for the projects. WMWA'S commitment to assisting those in need goes beyond financial support. The organization works closety with partner agencies and organizations to ensure that their efft)rts have a positive impaci and bring hope to vulnerable Communities. Their involvement includes providing resources such as food, clean water. medical assistsnce, shelter, sanitatton, bYg￿ne, and psychosorial support. FINANCIAL REVIE¥V The Trustees report a surplus for the year of £331,007 (2023: £526,987), £30af,822 belng restricted funds, as detailed on note 11. RESERVE FUNDS The Truslees have a re8erveg policy for the CIO of holding enou9h fund8 to meet three to four months. operating costs. Restrtcted Funds Our cu￿ent restricted funds are for the new Mosque of Light projert o)nstruction has started. continuation of furlher appeals will continue until the project is completed. Unrostrictod funds Our unrestricted funds a￿ used as they fft within our CIO for day to day running of our obligations to our community members. These comprise of education fees. Friday collections, membershlps, and general donations from the community throughout the year without any appeals. Page16 WORCESTER MUSLIM WELFARE ASSOCIATION REPORT OF THETRUSTEES for the year ended 31 March 2024 {conttnued) TRUSTEES, RESPONSIBILMES The trustees are responsible for preparing the Trustees, Annual Report and the financial statements under applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to tharltles In England & Wales requlres the trustees to prepar8 financlal Slaternents for oach flnancial year whlch glve a true and falr vlew of the state of affaiTr of the CIO and of Ihe Incomlng resourcgs and appllcauon of resources of the CIO for that perlod. In prep8rlng these financl81 statements, the trustees are requlred to., select sultable accountlng pollcles and then apply them con51stently. observe the methods and prlnclples in Ihe Charltles SORP 2015 (FRS 102). make judgments and 8Stimates Ihat are reasonabl8 and prudent. state whether applicable aGcounting standards hav8 been followed, subject to any materlal departures disclosed and explain8d in the financlal statem8nts. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in op8ration, Th8 trustèes are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are 8atl8fied that they have complied with the above responsibilities. STATEMENT OF DISCLOSURE OF STATUTORY INFORMATION TO AUDITORS We, the Trustees of the CIO who held office at the date of approval of these financial statements aach conflrms, so far as we are awar8, that: there Is no relevant audlt informatlon of wttlch the CIO'S audltors are unaware. and wè have taken all the steps that we ought to have tak8n as trustees to make ourselves aware of any relevant audit information and to establish that the CIO'S auditors are aware of that information. AUDITORS A resolution to re-appoint Thomas Mcmanners as external auditors will be proposed at the annual general meeting. Approved by the Board Trust88s and signed on its behalf by-. M IQBAL SECRETARY Date . AS- 11. Q£) Page17 WORCESTER MU8LIM WELFARE ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2024 Opinion We have audited the financlal ￿aternents of Worcester Muslim Wdfare Association (the CIO) for the year ended 31 March 2023 which are set out on pages 11 to 19. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, inrjuding FRS102 "The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financtal statements= give a true and fair view of the state of the CIO'S affairs as of 31 March 2023 and of its income and expenditure, for the year then ended. have been rAop8rly prepared und8r the United Klngdom Generally Accepted Accountlng Practice,. and have been prepared in accordance with the Charities Act 2011. Basls for oplnlon We ￿ndUcted tjur audlt In accoraance witt) Iniemaiionai stsnoards on Auditing (UK) OSAS (UK)) and applicable law. Our rp.qponsibilities under those standards are further dascrib9d in the Auditor's responsibilities for the audit of the financial statemetts section of our rewrt. We are Indepenaent of the cio in accordan￿ with the ethical requirements that are relevant to our audit of the financial ststements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in aGcordaIi￿ wilh these requlrements. We believe Ihal the audil evidence we have Obtained is sufficient and appropriate to provide a basis for our opinion. ConGIuslons relatlng to going concern In auditing the finanaal statements, we have conduded Ihal Ihe L)Odtd's Use of the going concem basis of accounting in the preparats.on of the financial statements is aptwopriate. Based on the work we have perfomled, we have not identtfied any material uncertainties relating to events or conditions that. individually or cJ)Ilectively. may cast significant doubt on the association's ability lo continue as a going concem for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of the board of trustees with respect lo going concern are described in the relevant secb'ons of this report. Other Inforniatlon The other infomation comprises the information indudad in the trustees. annual report, other than the financial statements and our auditoffs rep)rt thereon. The trustees are responsible for the other information contained wtthin the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent othenwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Page18 WORCESTER MUSUM WELFARE ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2024 {continued) Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial ststements. or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstatad. If w8 identify such material inconsistencies or apparent material misstatements, we are required to detemine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by •xeeptlon We have nothing to retK)rt in respect of the followÈng matters where the Chalities (AcAJ)unts arKI Report5) Regulations 2008 require us to report to you Ef. in our opinion: the Information given in the statwMnts is inconststent in any material respect wilh the report of the trustee5" or sufficient accounting records have not been k8Pt: or the financial siatements a￿ rKJI in ag[eem￿l with the accounting reGrKds; IX wo have not ree*ived 811 the information and Èxplanations we require for our audit. Responsiblllties of the Trustees As explained more fully in the trustees, re5ponsibilits.es statement set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a truc and fair view, and for such intemal control as the trustegs detemiine is ne¢essary to anable the preparatlon of flnanclal statements Ihat are free frotn tnaterial Tllissialefflent, whether due lo fraud or error. In preparing the financial statements. the trustees are responsible for assessing the CIO'S ability to continue as a going concem. disclosing. as appIl￿ble. matters related to going concem and using the going cOn￿M basis of accounting, unless the trustees e¢ther intend to liquidate the CIO or to cease operations or have no realistic altemative b(A to do so. Audttorfs responslbllltEe5 We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act. Our objectives are to obtain reasonable assurdnce about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error and to issue an auditor's report that indudes our opinion. Reasonable assurance ts a high level of assurance, but not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or effor and are considered material rf, individually or in the aggregate, they coukf reasonably be expected to influence the economic decisions of users taken based on these financial staternents. Page19 WORCESTER MUSLIM WELFARE ASSOCIATION INDEPENDENT AUDETOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION lor the y•ar ended 31 March 20241contlnu•d) Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outtined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the Éxtent to which these are capable of detecting irregularities. including fraud are detailed below: review minutes of meetings of the trusteeslthose charged V•ith govemance reV￿W the operation of the CIO'S controls in relation to the preparation and p￿sentatIon of management information check that the financial ststernents agree th8 actsjunting records ensurè, so far as is reasonably possible. the completeness of the CIO'S income revEw financial disclosures and test to supporting documentstion obtain third paty Gonfimiations of material balances understanding and evaluating management's controls in place to prevent and detect irregularities Because of the inherent limitatÉons of an audit. there is a risk that we will not detect all irregularities. including those leading to a rnaterial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A funher (Jescriptlon of our responsibilities for the audrt of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorsres n6ibilitie& This description forms part of our auditorfs report. U8• of our rnport This report is made solely to the Twstees of Worcester Muslim Welfare Association. as a lyxly. in accordance with regulations made under Section 154 of the Charities Act 2011. Our audit work has been undertaken so that we might stale to the CIO'S trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To tho fullest extent p8miittgd by law, we do not accepl or assume responsibilily io anyorie uitier ilisque project 1,726.798 305,822 2,032.620 1,726,728 305,822 2.032,620 Total Funds 3.882.021 533.003 (201,926) 4,213,098 12 ANALYSIS OF NET ASSETS BEfwEEN FUNDS Unrestricted Restricted Funds Funds 2024 Total 2023 Total Tangible fixed assets Cash Other current assetsl(liabililie5) Creditors due after more than on8 year 1.775,790 251.129 (13,433) (5.604) 2.205,216 3.981,006 251,129 (13,433) (5,604) 3,521,042 378,592 (9,2061 (8,407) 2.007.881 2.205,216 4,213,098 3,882.021 Page | 20 WORCESTER MUSLIM WELFARE ASSOCIATI(X4 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 (continued) 13. RELATED PARTY TRANSACTIONS A new subsidiary company. WMWA D&B Management Limited. was incorrK)rated as a trading limited co. 13083521 on 15 December 2020.- its purpos8 is to act as tha design and build contractor for the new Mosque of Light. During the year. IIWMA D&B Management Ltd carried out vrfork i)n behalf of WMWA CIO amounting to £478,418 (2023: £614.683). This is in relation to the professional fees for the new Mosque of Light. Page121