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← Worcester Muslim Welfare Association

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1173764

WORCESTER MUSLIM WELFARE ASSOCIATION

Report of the Trustees and Financial Statements For the Year Ended 31 March 2025

WORCESTER MUSLIM WELFARE ASSOCIATION

INDEX TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Contents Pages
Reference and administrative details 2
Trustees Report and responsibilities 3-7
Independent Auditor's Report 8- 10
Statement of Financial Activities 11
Statement of Financial Position 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 21

Page 11

WORCESTER MUSLIM WELFARE ASSOCIATION

REFERENCES AND ADMINISTRATIVE DETAILS for the year ended 31 March 2025

Registered Charity Number: 1173764
Registered Principal Office: Central Mosque
Tallow Hill
Worcester
Worcestershire
WR51JU
Trustees: Haris Saleem (Chairman)
Mohammed Akbar (New secretary)
Mohammed Iqbal (Outgoing Secretary)
Muhammed Amin - Education
Nazaqat Hussain - Treasurer
Abdul Rauf - Maintenance (Retired in August 2024)
Afzaal Iqbal (assistant secretary)
Hamaad Akmal (education)
Management Committee: Sarfraz Baig - Religious event organiser/catering
Sajid Hussain - Maintenance
Ghulam Shabbir - Education
Zakwan Shaukat - social media
Adil Ali- (fundraising)
Haroon Hussain
Rizwan Sadique
Haroon Rafique
Jabbar Hussain
Auditors:
TTCALTD
Chartered Accountant and Registered Statutory Auditor
269 Farnborough Road
Farnborough
Hanis
GU14 7LY
Solicitors:
Ahmad Thomson
Wynne Chambers
5 Kimberly Road
London
NW67SG
Hallmark Hulme
3-5 Sansome Place
Worcester
WR11UQ
Bankers:
Santander
Customer Service Centre
Bootle
Merseyside
L304GB
Page 12

REPORT OF THE TRUSTEES for the year ended 31 March 2025

WORCESTER MUSLIM WELFARE ASSOCIATION

The trustees present their report with the financial statements of Worcester Muslim Welfare Association (WMWA) for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting 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 (Y>/MWA) is dedicated to imparting a positive image of Islam to the Worcestershire public. We endeavour to achieve this through a range of outreach activities such as public discourses, cultural events, and by harnessing the power of digital outreach through our mosque's bespoke app, compatible with both Android and Apple devices.

As a conscientious charitable entity focused on the community's welfare, WMWA actively collaborates with key external organizations-including the local Council, NHS, Police, and educational bodies-to convey significant and pertinent messages to our constituents.

Our goal is to nurture a favourable perception of Islam and to ensure that our activities and presence resonate positively across the community, irrespective of religious backgrounds. To this end, we are staunchly committed to delivering exemplary educational content and increasing awareness across various demographics.

We ensure that WMWA's amenities are open to everyone, Muslim and non-Muslim alike, and we especially invite non-Muslims to participate in open days and educational visits to foster greater comprehension of Islam.

Moreover, we are proponents of societal welfare programs and the pursuit of environmental sustainability, objectives we seek to realize through partnerships with public institutions and private corporations.

With an outlook that transcends national boundaries, we diligently gather donations for global emergency relief work, underscoring our commitment to humanitarian aid that transcends political or ethnic divisions.

PUBLIC BENEFIT

Due regard has been given to the guidance published by the Charity Commission on public benefit.

STRUCTURE, GOVERNANCE, AND MANAGEMENT

WMWA is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission. The CIO was formed on 11 July 2017 and is governed by its constitution. The board of trustees is made up of 7 members.

Trustees are appointed at the Trustees Meeting throughout the year.

Page I 3

WORCESTER MUSLIM WELFARE ASSOCIATION

REPORT OF THE TRUSTEES for the year ended 31 March 2025 (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 are done for fire, data management, cash handling, banking, filing systems.

To better improve our systems and processes, WMWA are always looking to work with professional organizations, to keep ahead of any regulations relating to our organization.

OUR STRATEGY AND GOALS

With more than seven years of operations under the CIO structure, WMWA has embraced numerous opportunities for expansion and has enhanced management procedures and transparency.

Our focused goals for the forthcoming year include:

Page 14

REPORT OF THE TRUSTEES for the year ended 31 March 2025 (continued)

WORCESTER MUSLIM WELFARE ASSOCIATION

VOLUNTEERS

Our volunteers play a vital role in our work to deliver our objectives. We have several helpers throughout the year or as and when needed.

ACHIEVEMENT AND PERFORMANCE

WMWA has significantly contributed to community enrichment through:

Page f 5

WORCESTER MUSLIM WELFARE ASSOCIATION

REPORT OF THE TRUSTEES for the year ended 31 March 2025 (continued)

GRANTS

In the last financial year, we collected funds for the Gaza appeal to provide financial assistance to the ongoing humanitarian crisis, we collected £20,610. We are currently working with an agency to facilitate using the funds for food projects and relief.

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 within the areas affected. Anything we do with International project requires a lot of due diligence 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 closely with partner agencies and organizations to ensure that their efforts have a positive impact and bring hope to vulnerable communities. Their involvement includes providing resources such as f o d, clean water, medical assistance, shelter, sanitation, hygiene, and psychosocial support.

FINANCIAL REVIEW

The Trustees report a surplus for the year of £392,655 (2024: £331,077), being credited to unrestricted funds, as detailed on page 11.

RESERVE FUNDS

The Trustees have a reserves policy for the CIO of holding enough funds to meet three to four months' operating costs.

Restricted Funds

Our current restricted funds are for the new Mosque of Light project, construction has started, continuation of further appeals will continue until the project is completed.

Unrestricted funds

Our unrestricted funds are used as they fit within our CIO for day to day running of our obligations to our community members. These comprise of education fees, Friday collections, memberships, and general donations from the community throughout the year without any appeals.

Page I 6

WORCESTER MUSLIM WELFARE ASSOCIATION

REPORT OF THE TRUSTEES for the year ended 31 March 2025 (continued)

TRUSTEES' RESPONSIBILITIES

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 charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS 102).

make judgments and estimates that are reasonable and prudent.

state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime 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 satisfied 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 each confirms, so far as we are aware, that:

there is no relevant audit information of which the Cl O's auditors are unaware; and

we have taken all the steps that we ought to have taken 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 TTCA Ltd as external auditors will be proposed at the annual general meeting.

THE M AKB SECRETARY

y the Board of Trustees and signed on its behalf by:

I ".[-]

Date:

Page 17

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2025

WORCESTER MUSLIM WELFARE ASSOCIATION

Opinion

We have audited the financial statements of Worcester Muslim Welfare Association (the CIO) for the year ended 31 March 2025 which are set out on pages 11 to 19. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the CIO in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the board's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the association's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the board of trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 18

WORCESTER MUSLIM WELFARE ASSOCIATION

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2025 (continued)

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine 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 which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the Trustees

As explained more fully in the trustees' responsibilities 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 true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the CIO's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the trustees either intend to liquidate the CIO or to cease operations or have no realistic alternative but to do so.

Auditor's responsibilities

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 assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error and to issue an auditor's report that includes our opinion. Reasonable assurance is 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 error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements.

Page I 9

WORCESTER MUSLIM WELFARE ASSOCIATION

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WORCESTER MUSLIM WELFARE ASSOCIATION for the year ended 31 March 2025 (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material 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 further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.orq.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Trustees of Worcester Muslim Welfare Association, as a body, in accordance with regulations made under Section 154 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the CIO's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the CIO and its members as a body, for our audit work, for this report, or for the opinions we have formed.

Thomas McManners BSc ACA ACM!

TTCALTD Chartered Accountant and Registered Statutory Auditor 269 Farnborough Road Farnborough Hanis GU14 ?LY

Date: 19 December 2025

Thomas McManners is eligible to act as an auditor in terms of Section 1212 Companies Act 2006.

Page I 10

WORCESTER MUSLIM WELFARE ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account) for the year ended 31 March 2025

Total Total
Unrestricted Restricted Funds Funds
Note Funds Funds 2025 2024
£ £ £
Income from:
Donations and legacies
Charitable activities
Investment income		 2
2
2		 132,958
70,666
16,772		 405,643
-		 538,601
70,666
16,772		 456,955
48,288
26,860
Other income 3,927 3,927 900
~~a~~ ~~——___—.~~ ee ~~SS~~
Total income 2 224,324 405,643 629,967 533,003
~~———~~ ~~——————~~ — ————
Expenditure on:
Charitable activities 3 228,876 228,876 194,008
Governance costs 3 8,435 - 8,435 7,918
Total resources expended 237,311 237,311 201,926
~~—————~~
~~ny~~		 ~~—~~ I ee
Net incoming resources (12,988) 405,643 392,655 331,077
Before transfers
Gross
transfers		 between
funds
——— —
oo		 ee es
Net incoming resources (12,988) 405,643 392,655 331,077
Reconciliation of funds 10
Total funds brought forward Total funds brought forward 2,180,478 2,032,620 4,213,098 3,882,021
Funds Introduced
Movement in funds
Total funds carried forward 10 2,167,490 2,438,263 4,605,753 4,213,098

The notes on pages 14 to 21 form part of these financial statements.

Page 111

WORCESTER MUSLIM WELFARE ASSOCIATION

STATEMENT OF FINANCIAL POSITION As of 31 March 2025

Note Unrestricted Restricted 2025 2024
Funds Funds Total Funds Total funds
£ £ £ £
Fixed assets
Tangible assets 6 1,756,836 2,477,263 4,234,098 3,981,006
Investments 7 1 1 1
Current Assets
Debtors 8 5,589 5,589 2,985
Cash at bank and in hand 416,587 416,587 251,129
Creditors 422,176 422,176 254,114
Amounts falling
due within one year		 9 (47,720) (47,720) (16,418)
Net current assets 374,456 374,456 237,696
Total Assets less 2,131,292 2,477,263 4,608,554 4,218,702
Current Liabilities
Creditors: Amounts falling
due after more than one year		 10 (2,801) (2,801) (5,604)
Net Assets 2,128,491 2,477,263 4,605,753 4,213,098
Funds
Unrestricted funds 2,167,490 2,180,478
Restricted funds 2,438,263 2,032,620
Total Funds 10 4,605,753 4,213,098

These financial statements were approved by the Board of Trustees and signed on its behalf by:

Chairman: Haris Saleem Date: i

Page 112

WORCESTER MUSLIM WELFARE ASSOCIATION

STATEMENT OF CASH FLOWS For The Year Ended 31 March 2025

STATEMENT OF CASH FLOWS
For The Year Ended 31 March 2025
2025 2024
£ £
Net Cash generated from operating activities (see note (I) below) 407,503 351,455
Cashflow from Investing activities
Purchase of tangible and intangible fixed assets
Interest received		 (272,045) (478,918)
Net Cash Outflow from investing activities (272,045) (478,918)
Cash flow from financing activities
Interest paid
New secured loans 30,000
Repayment of borrowings
Other financing movements
Net Cash Inflow from financing activities 30,000
Net change In cash and cash equivalents 165,458 (127,463)
Cash & cash equivalents at beginning of the year 251,129 378,592
Cash&cash equivalent at end of the year ——— 416,587 251,129
——~~ESE——~~
Note Ill
—s
Surplus for the year 392,655 331,077
Adjustments for non-cash items
Depreciation of tangible fixed assets 18,953 18,953
Amortisation of grants (2,803) (2,803)
(lncrease)/decrease in trade and other debtors
lncrease/(Decrease) in trade and other creditors		 (2,604)
1,302		 300
3,928
Net cash generated from operating activities 407,503 351,455

Page 113

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

WORCESTER MUSLIM WELFARE ASSOCIATION

1. PRINCIPAL ACCOUNTING POLICIES

GENERAL INFORMATION

Worcester Muslim Welfare Association is a Charitable Incorporated Organisation (CIO) incorporated in England and is registered with The Charity Commission under the Charities Act 2011 and it constitutes a Public Benefit Entity as defined by FRS102. The address of the registered office is given in the reference and administrative details on page 2.

BASIS OF ACCOUNTING

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared in sterling and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

GOING CONCERN

At the time of approving the accounts, the trustees have reasonable expectation that the CIO 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 accounts.

INCOMING RESOURCES

All incoming resources are included in the Statement of Financial Activities when the CIO is legally entitled to the income and the amount can be quantified with reasonable accuracy.

RESOURCES EXPENDED

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

TAXATION

The CIO is exempt from corporation tax on its charitable activities. It is not registered for VAT and so irrecoverable VAT is included under the related expenditure headings.

Page 114

WORCESTER MUSLIM WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 (continued)

ACCOUNTING POLICIES (continued)

TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset operational.

Depreciation of tangible fixed assets is provided on the following basis, commencing with the year of acquisition at rates estimated to write off their cost or valuation, less any residual value over the estimated useful lives which are as follows:

Land Not depreciated Freehold property Over 100 years Computer equipment Over 5 years Office equipment Over 10 years Fixtures and fittings Over 10 years

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for restricted purposes within the objects of the CIO. Restrictions arise when specified by the donor or when funds raised for restricted purposes.

GOVERNMENT GRANTS

Government grants include grants received from the Horne Office, local authorities, and other government organisations. Government grants received for capital items are recognised in income over the useful life of the assets (excluding land) under the accruals model. Grants relating to revenue are recognised in income and expenditure over the same period as the expenditure to which they relate once reasonable assurance has been gained that the CIO will comply with the conditions and that the funds will be received.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities in other administrative expenses.

LEASES

Rentals payable and receivable under operating leases are charged to the statement of financial activities on a straight-line basis over the period of the lease.

Page [ 15

WORCESTER MUSLIM WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 (continued)

2. INCOME
2025 2024
£
£
Donations
Friday collections
General donations		 56,412
41,845		 54,390
55,035
New Mosque project
Gift Aid
Gaza and Palestine		 405,643
34,701		 305,822
21,098
20,610
538,601 456,955
Charitable activities
Education fees 52,897 40,325
Charitable events 14,966 5,160
Amortisation of grant 2,803 2,803
70,666 48,288
Other income
Grants received
Rent received		 3,527
16,772		 700
26,860
Other 400 200
20,699 27,760
Total income 629,966 533,003
a
Analysis by funds:
Unrestricted funds		 224,323 227,181
Restricted funds 405,643 305,822
i
629,966 533,003

Page 116

WORCESTER MUSLIM WELFARE ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 (continued)

A government grant of £26,095 was received from the Home Office on 19 January 2018. An amount of £2,803 has been amortised in the year, with a balance of £2,801 being treated as deferred income (see notes 8 and 9)

3. EXPENDITURE 2025 2024
£ £
Charitable activities
Wages
Education costs		 107,431
1,533		 90,247
958
Grant expenditure
Subscription
Light and heat
Office & general expenditures
Telephone
Janitorial		 1,920
3,193
37,471
545
1,221
1,861		 5,805
2,382
31,956
712
1,123
2,060
Meals and refreshments 12,337 5,609
Repairs
Depreciation
Advertising
Consultancy fees
Insurance		 483
18,953
10,673
4,085
-		 2,810
18,953
3,000
10,193
4,028
Gaza and Palestine 20,610 -
Other charitable exp
Pakistan Flood Expenditure
Turkey/Syria Earthquake		 6,562 7,712
1,000
5,459
228,876 194,008
— ————
Governance
Auditors' remuneration 5,040 4,800
Accountancy
Legal and professional fees		 2,200
1,195		 2,218
900
8,435 7,918
Total expenditure 237,311 201,926
ed a
ey
4. STAFF COSTS
Wages and salaries 106,190 89,033
Pensions defined contributions 1,240 1,214
107,431 90,247

The average number of employees during the year was 9 (2024: 8). No employees received benefits (excluding employer pension costs) of more than £60,000.

Page 117

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (continued)

WORCESTER MUSLIM WELFARE ASSOCIATION

5. TRUSTEES' REMUNERATION, EXPENSES AND BENEFITS

No trustee received remuneration, expenses or other benefits in their capacity as a trustee for the year ended 31st March 2025 (2024 - Nil).

6. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Freehold
Land and		 Fixtures
fittings and
Buildings equipment Total
£ £
Cost or value Introduced
At 1 April 2024 4,055,216 39,341 4,094,557
Additions 272,046 - 272,046
At 31 March 2025 4,327,262 39,341 4,366,603
—— — ——————
Depreciation
At 1 April 2024 88,806 24,744 113,550
Charge for the year 14,800 4,153 18,953
At 31 March 2025 103,606 28,898 132,504
Net Book Value
At 31 March 2025 4,223,656 10,444 4,234,099
—————— ————_« ee
At 31 March 2024 3,966,410 14,597 3,981,007

WORCESTER MUSLIM WELFARE ASSOCIATION

Page I 18

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (continued)

7. Investment in Subsidiary 2025
£		 2024
£
At 1 April 1 1
Al 31 March
1 1
J SS
The investment in the Subsidiary is for the Special Purpose Vehicle (SPV) limited company WMWA The investment in the Subsidiary is for the Special Purpose Vehicle (SPV) limited company WMWA
Design and Build company set up purposely to oversee the building of the Mosque of Light currently Design and Build company set up purposely to oversee the building of the Mosque of Light currently Design and Build company set up purposely to oversee the building of the Mosque of Light currently
a work in progress. (WIP)
8. DEBTORS 2025 2024
£ £
Amounts recoverable within one year:
Prepayments and accrued income 5,589 2,985
5,589 2,985
9. CREDITORS: Amounts falling due within one year
2025 2024
£ £
Accruals 13,880 12,573
Loans 30,000
Other taxes and social security
Government grants - deferred income		 1,036
2,803		 1,042
2,803
47,720 16,418
eee ee
10. CREDITORS: Amounts falling due after more than one year 2025 2024
£ £
Government grants - deferred income 2,801 5,604
2,801 5,604

WORCESTER MUSLIM WELFARE ASSOCIATION

Page 119

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 (continued)

11. MOVEMENTS IN FUNDS
01-04-24 Income Expenditure 31-03-25
£ £ £ £
Unrestricted funds
Net incoming resources 2,180,478 224,323 (237,311) 2,167,490
2,180,478 224,323 (237,311) 2,167,490
Restricted funds
New Mosque project 2,032,620 405,643 2,438,263
2,032,620 405,643 2,438,263
DO
eed		 Sawerenn eee oe
Total Funds 4,213,098 629,966 (237,311) 4,605,753
——EE———zx=== SES oS
et		 ——=———
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted 2025 2024
Funds Funds Total Total
£ £ £ £
Tangible fixed assets
Cash		 1,756,835
416,587		 2,477,263
~		 4,234,098
416,587		 3,981,006
251,129
Other current assets/(liabilities)
Creditors due after more than		 (12,131)
(32,801)		 ~ (12,131)
(32,801)		 (13,433)
(5,604)
one year
ee ed OO — —
2,128,490 2,477,263 4,605,753 4,213,098

WORCESTER MUSLIM WELFARE ASSOCIATION

Page 120

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 (continued)

13. RELATED PARTY TRANSACTIONS

A new subsidiary company, WMWA D&B Management Limited, was incorporated as a trading limited co. 13083521 on 15 December 2020; its purpose is to act as the design and build contractor for the new Mosque of Light.

During the year, WWMA D&B Management Ltd carried out work on behalf of WMWA CIO amounting to £272,046 (2024: £478,418). This is in relation to the professional fees for the new Mosque of Light.

Pagel21