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2021-12-31-accounts

Muslim Association of Nigeria (UK) Report & Financial Statements For the year ended 31 December 2021

Charity no: 1179477

Muslim Association of Nigeria (UK) CRN:1179477

Contents

Charity information 2-3
Trustees report 4-7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheets 10
Notes to the financial statements 11-16

1

Muslim Association of Nigeria (UK) CRN:1179477

Charity information

Charity number (CIO): 1179477

Executive Committee/ Management Trustees

Idris Eletu President Abdul-Jelil Oladejo Vice President Olatunde Sanusi Secretary General Muinat Pedro Assistant Secretary General Karamot Onitolo Treasurer Abosede Zainab Adewusi Financial Officer Saidat Oketunde Education Officer Teslim Akinpeju Publicity Officer Hassan Olawale Abdul-Ganiyu Press Officer Kamaldeen Sadiku Welfare Officer (Male) Kaosara Yesufu Welfare Officer (Female) Olanrewaju Daud Social Officer (Male) Modinat Gbadamosi Social Officer (Female) Taofiq Akinpeju Youth Amir Abbas AbdulGafar Security/Health & Safety Officer Mutiat Animashaun Elders’ Group Liaison Officer Tajudeen Salami Imam Adesina Alabi Ex-Officio 1 Abiola Ogunsola Ex-Officio 2

Holding Trustees: Alhaji Mudathir Yussuf (28/12/14-Present) Alhaji Ganiy Ajobo Bro Al-Ameen Amodu Alhaja Risikat Iyabo Mustapha Alhaja Kafayat Shofolahan

Chairman

Council for Religious

Affairs: Alhaji Tajudeen Salam Imam Alhaji K Abdul-Fatai Deputy Imam Alhaji Ola Yusuff Secretary Alhaji Taofeek Fagbohun Alhaji Lukmon Adesina Alhaji Sulaiman Ayetoro Alhaji Dhikrullah Mustapha Dr Akeem Adetunji Bro Uthman Adesina Alhaja M.B Elias

2

Muslim Association of Nigeria (UK) CRN:1179477

Location and

Correspondence: Old Kent Road Mosque MAN Building 365 Old Kent Road London. SE1 5JH

Independent Examiner: Maroof Adeoye MBA DChA FCIE MInstF Registered Charity Independent Examiner Accman & Co Accountants Maroof Suite 30 Union Road Croydon. CR0 2XU

Bankers: Lloyds TSB Camberwell Green Branch 25 Camberwell Green Road London. SE5 7AB Al Rayan Bank 44 Hans Crescent London. SW1X 0LZ

3

Muslim Association of Nigeria (UK) CRN:1179477

Trustees’ report

The trustees present their report along with the financial statements of the Charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 11 to 16 and comply with the charity’s constitution and applicable law. The association is a registered Charity and acts entirely as a non-profit making organisation.

Structure, Governance & Management

The charity is a Charitable Incorporated Organisation (CIO) Association with registration number 1179477 on 8 August 2018.

The trustees who have served during the year 2021 are set out on page 2. Board of Trustees are appointed at the Special General House Meeting upon the recommendation of the Executives. Members of the Board of Trustees who have served for two years may be re-appointed for another term. The Board of Trustees holds Trustees’ meetings at least three times a year while the Executive Committee met at least four times in a year and much more frequently if need be. The Executives deals with the day to day management of the association and report to the board of trustees for approval on major issues.

The trustees are very grateful to all the volunteers who helped in one way or the other, particularly those who are carrying out fund-raising on our behalf. The public has been very generous in providing gifts in kind and cash donations.

The present Executive Committee/Management Trustees, that starts their tenure from the 19[th] December 2021 were:

Idris Eletu President Abdul- Jelil Oladejo Vice President Olatunde Sanusi Sec-General Karamot Onitolo Treasurer Zainab Adewusi Financial Officer Saidat Oketunde Educ. Officer Olanrewaju Daud Social Officer (M) Taofiq Akinpeju Youth Amir Hawwa Opeolu Youth Amirah Tajudeen Salami Imam Adesina Alabi Ex-Officio 1 Abiola Ogunsola Ex-Officio 2

4

Muslim Association of Nigeria (UK) CRN:1179477

Objectives & Activities

The association is a dynamic and forward thinking organisation, aims to promote any charitable purposes for the benefit of Muslims of Nigerian origin/residents in the United Kingdom, local community of the London Borough of Southwark at large and in particular: (I) the relief of poverty and distress, and (II) the advancement of the Islamic faith.

When planning our activities for the year, the trustees have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular the association try to enable ordinary people to live out their faiths as part of our community through the following activities: 5 daily prayers, Jumuah (Friday) prayers, Taraweeh (Night voluntary prayers during Ramadan), Eid (Festive) prayer, weekly prayer for remembrance of Allah (Dhikr), End of the month lectures, Elders’ dinner & lecture held every last Saturday of the month, Elders’ outing, Aqiqah (naming ceremony), Nikahi (marriage ceremony) & Janazah (burial rite), provision of Islamic education for adults and children, Youth Outing, lecture, Eid dinner, Conferences, Symposium, Workshops, various fundraising activities, provision of Iftar (meals for breaking fast), Dinners, Donation to the needy and use of the Associations’ hall for meetings and programmes by other organisations.

Achievements and Performance

The demands for the association’s services continue to widen in response to Muslim needs and public awareness of Islam. During the year the Association carried out the following activities considered to provide benefit to those who worship at the Mosque and the wider community of London Borough of Southwark and beyond:

The weekly online enlightenment programmes called (OYWB) to educate our members and all Muslims by extension on the various Islamic teachings and contemporary issues. The Elders Annual trips, Elders Annual Eid Party, Mosque Appeal Fundraising during Ramadan, Fundraising for different projects, Provision of Iftar for 30 days during Ramadan, Eid-el-Fitri dinner, Eid-el-Adha dinner, Tafsir Qur’an (Ramadan Lecture) every Saturday and Sunday during Ramadan, the Youths Annual External and Internal Camp. There were various Walimah Celebrations, weekly lectures, Friday Prayers and lectures, end of month prayers and lectures, quarterly recitation of the whole Qur’an and Counselling on various issues took place throughout the year. There was a number of Ash-shadah (declarations of faith by revert Muslim). Also were series of maintenance and general repairs to the Masjid (Mosque).

Grant & Donations

Those attending the Mosque have given generously to disaster appeals arising from natural calamities affecting various countries around the world. The Council for Religious Affairs continue to administer the receipt and distribution of Zakat in accordance with the teachings of Islam for the relief of those in need and destitute, while the Sadaqah were distributed for everybody in need.

5

Muslim Association of Nigeria (UK) CRN:1179477

Future Plan

The management of this organisation realised the need for the expansion of the MAN Building on 365 Old Kent Road to cater for the growing numbers of worshippers and have therefore commenced the rebuild of the centre to a more befitting, spacious six storeys modern edifice. The Project plan is in three phases and the first phase is ongoing. We will be seeking funds for the completion of this project from all Muslims individuals and Islamic international institutions.

The management will continue to appeal for maintenance funds to manage our temporary Mosque located at 460-462 Old Kent Road SE1 5AG in order to continue our worship and other activities unhindered before the completion of our Permanent site. The management also intend to continue providing services in a similar way and continue laying emphasis on propagation of Islam in accordance with the Qur’an and authentic Hadith and place great importance on sharing a good understanding of Islam with non-Muslims, neighbours and the general public whilst gaining an understanding of their faiths, cultures and traditions.

Financial Review

The charity registered number 327287 (“ the Transferor ”) agreed to merge with the charity CIO registered number1179477 (“ the Transferee ”) and to transfer all of its property to the Transferee on 31 December 2019 as detailed in the balance brought forward on 1 January 2021 in terms of surplus, assets and liabilities.

Our restricted funds raised towards rebuilding the existing Mosque or build a new multipurpose Mosque and Islamic Cultural Centre has weakened by £84,447 (2020: - £41,020) in 2021 due to extensive expenses towards rebuilding the Mosque.

Policy on Reserves

The trustees aim to maintain free reserves in unrestricted funds and have approved a policy of raising reserves to the level needed to cover three months operating expenditure, equivalent to £62,482 (2020: £57,145) in 2021. Our policy is, therefore, to continue building up our free reserves to the ideal level by means of annual operating surpluses and supplemented by general-purpose appeals from time to time. The unrestricted reserves of the Association at 31 December 2021 increased to £174 (2020: £100,529) was more compare to the target. It is anticipated that progress will be made further towards improving on this target in 2021 by the CIO. Any surplus funds which are not likely to be needed to pay for activities were invested to earn profit. At the end of the year our unrestricted reserves decreased by £-100,355 (2020: £80,519) due to spending more on rebuilding the Mosque.

6

Muslim Association of Nigeria (UK) CRN:1179477

Risk Assessment

The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

The Trustees annually review the risks that the charity faces. To date these have mainly related to:

The Trustees review these risks on an on-going basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. In particular, insurance cover is in place and the finances of the Mosque are kept under review.

Statement of Trustees Responsibilities

Charity law 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 charity at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for:

This report was approved by the Trustees on 29 October 2022 and signed on their behalf by:

Idris Eletu (President)

Executive Committee/Management Trustees

7

Muslim Association of Nigeria (UK) CRN:1179477

Independent Examiner’s report To the trustees of Muslim Association of Nigeria (UK)

I report on accounts of the association for the year ended 31 December 2021, which are set out on pages 9 to 16.

Respective responsibilities of trustees and examiner

As described on page 4 the charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 1444(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 accounts present a `true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

Maroof Adeoye MBA DChA FCIE MInstF Registered Charity Independent Examiner Accman & Co Accountants Maroof Suite, 30 Union Road Croydon, Surrey. CR0 2XU

Date: 29 October 2022

8

Muslim Association of Nigeria (UK) CRN:1179477

Statement Of Financial Activities for the year ended 31 December 2021

Unrestricted
Note
Funds
INCOMING RESOURCES
£
Incoming resources from
generated funds:
Voluntary Income
2
86763
Activities for generating funds
3
49374
Investment income
4
2
Incoming resources from
charitable activities
5
5737
Other incoming resources
7699
Total incoming resources
149575
RESOURCES EXPENDED
Cost of Generating Funds
Cost of generating voluntary income
6
162715
Fundraising trading costs
7
64996
Charitable activities
8
19519
Governance costs
9
2700
Other resources expended
-
Total resources expended
249930
Net incoming/(outgoing) resources
(100355)
Total funds brought forward
100529
Total funds carried forward
15
174		 Restricted
Funds
£
144126
-
-
-
-
144126
113361
-
-
115212
-
228573
(84447)
1286220
1201773		 2021
Total
Funds
£
-
230889
49374
2
5737
7699
293701
276076
64996
19519
117912
-
478503
(184802)
1386749
1201947		 2020
Total
Funds
£
-
397447
35162
10680
12883
65508
521680
143634
62087
31745
244715
-
482181
39499
1347250
1386749

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

The notes on pages 11 to 16 form part of these financial statements.

9

Muslim Association of Nigeria (UK) CRN:1179477

Balance sheets as at 31 December 2021

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
12
Total current assets
Current Liabilities
Creditors:
amounts falling due within one year
13
Net current assets
Total Net Assets
Funds of the charity
Unrestricted income funds
14
Restricted income funds
14
Total funds		 £
34000
497690
531690
414571		 2021
2020
£
£
1084828
337106
0
1056518
1056518
6875
117119
1049643
1201947
1386749
174
100529
1201773
1286220
1201947
1386749

The notes on pages 11 to 16 form part of these financial statements.

Approved by the board of trustees on 29 October 2022 and signed on its behalf by:

Idris Eletu (President) Executive Committee/Management Trustees Member

Karamot Onitolo (Treasurer) Executive Committee/Management Trustees Member

10

Muslim Association of Nigeria (UK) CRN:1179477

Notes to the financial statements

1. Principal accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Accounting convention

The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules as modified by the inclusion of fixed asset investments at market value and in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as set out in the Statement of Recommended Practice, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) regulations issued under the Charities Act 2011.

Funds accounting

Unrestricted funds comprise those funds, which the trustees are free to use in accordance with the charitable objects.

Restricted funds are funds, which have been given for particular purposes and projects. The restricted fund must be used wholly to rebuild existing mosque or acquire new premises or land to build a purpose build Mosque and Islamic Cultural Centre. Expenditure incurred in relation to the restricted funds is calculated in accordance with the claims for funding made by the charity to achieve it’s purpose.

Incoming resources

The income figure represents cash donations and grants from the public sector, companies, charitable foundations and private individuals received during the year. Income relating to specific periods is apportioned over the accounting periods to which it relates. All other income is recognised when received. Restricted income is used in accordance with specific restrictions imposed by donors.

Bank interest

Bank interest is recognised as incoming resources when it is credited to the bank statement. All bank interest is treated as unrestricted income to the general fund.

Resources expended

Expenditure is charged on an accrual basis, inclusive of irrecoverable VAT. The costs of activities in furtherance of the charity’s objects include the costs directly incurred in providing activities together with support costs. Support costs primarily related to the employment of staff involved in the delivery of service and the maintenance of premises and equipment in use. Where costs cannot be directly attributable to particular headings they have been allocated on a basis consistent with the use of resources. Other overheads have been allocated on the basis of the headcount.

Fixed assets and depreciation

Tangible fixed assets costing more than £200 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is not charged on freehold building as the residual value is considered to be higher than the carrying value. Furniture and equipment is written down using reducing balance method of depreciation over their estimated useful economic lives.

Taxation

The association is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.

11

Muslim Association of Nigeria (UK) CRN:1179477

2. Voluntary income

Unrestricted
Restricted
Funds
Funds
£
£
Donations
5000
144125
Grants
78217
Subscriptions
3546
-
86763
144125
3.
Activities for generating funds
Unrestricted
Restricted
Funds
Funds
£
£
Markaz fees
47111
-
Markaz other income
2263
-
49374
0
4.
Investment income
Unrestricted
Restricted
Funds
Funds
£
£
Bank Deposit Profit Share
2
-
2
0
5.
Incoming resources from charitable activities
Unrestricted
Restricted
Funds
Funds
Aqiqa and Nikah
-
Eids - Fitr and Adha
1485
-
Other Function Income - Ramadan
2742
-
Printing - Calendar and Prayer Book
1510
-
Elders and Youth activities
0
-
5737
0		 2021
Total
Funds
£
149125
78217
3546
230888
2021
Total
Funds
£
47111
2263
49374
2021
Total
Funds
£
2
2
2021
Total
Funds
-
1485
2742
1510
-
5737		 2020
Total
Funds
£
303915
91047
2485
397447
2020
Total
Funds
£
35162
0
35162
2020
Total
Funds
£
10680
10680
2020
Total
Funds
3343
9446
94
12883

12

Muslim Association of Nigeria (UK) CRN:1179477

6. Cost of generating voluntary income

Unrestricted
Funds
£
Salaries& Wages Net
74642
PAYE-Tax & NIC
18039
Building Security
306
Casual Cleaners
510
Refuse Disposal
6560
Pension
4730
Telephone
5354
Heating & Electricity & Rent
290
Building Insurance
44
Building Rep&Maint
132
Admin/Fundraising Exp
3513
Software exp
4080
Bank Charges
1428
Gift, ZakatFitr & Donations
29523
Van Expenses
369
Office Equipment
0
Welfare
4550
Depreciation – furniture & equipment
2825
Sundries
5820
162715

Fundraising trading costs
Unrestricted
Funds
£
Markaz Salaries & wages
63653
Pensions - Markaz
Employers N I contributions
1343
64996		 Restricted
Funds
£
4446
100097
8746
72
0
0
0
113361
Restricted
Funds
£
-
-
-
0		 2021
2020
Total
Total
Funds
Funds
£
£
79088
54028
18039
15119
306
723
510
800
6560
1028
4730
4670
5354
5623
100387
7645
44
350
132
4139
12259
4742
4152
6247
1428
3650
29523
25105
369
1436
-
813
4550
3750
2825
3766
5820
-
276076
143634
2021
2020
Total
Total
Funds
Funds
£
£
63653
60354
-
-
1343
1733
64996
62087

7. Fundraising trading costs

8. Charitable activities costs

Unrestricted
Funds
£
Functions expenses
15237
Ramadan expenses
1895
Eids expenses
0
Postage & printing
2048
Stationery
339
19519		 Restricted
Funds
£
0
-
-
-
-
0		 2021
2020
Total
Total
Funds
Funds
£
£
15237
18101
1895
1400
-
5473
2048
1792
339
4979
19519
31745

13

Muslim Association of Nigeria (UK) CRN:1179477

9. Governance

Legal and Professional Fees
Accountancy services charges
10.
Tangible assets
Buildings
Cost
£
At 1 January 2021
325807
Additions
750547
Disposals
-
At 31 December 2021
1076354
Depreciation
At 1 January 2021
-
Disposals
-
Charge this period
-
At 31 December 2021
-
Net book value
At 31 December 2021
1076354
At 31 December 2020
325807
11.
Debtors
Prepayment & accrued income
Other taxes and social security incl salary
Other Debtors - Loans		 Unrestricted
Funds
£
1350
1350
2700
Vehicles
£
14004
-
-
14004
13222
-
196
13418
587
782
Unrestricted
Funds
£
0
0
34000
34000		 Unrestricted
Funds
£
1350
1350
2700
Vehicles
£
14004
-
-
14004
13222
-
196
13418
587
782
Unrestricted
Funds
£
0
0
34000
34000		 Restricted
Funds
£
115212
-
115212
Furniture

£
62323
0
-
62323
56893
-
1358
58251
4073
5430
Restricted
Funds
£
-
-
-
0		 2021
Total
Funds
£
116562
1350
117912
IT
equipment
£
44696
-
-
44696
39609
-
1272
40881
3815
5087
2021
Total
Funds
£
-
-
34000
34000		 2021
Total
Funds
£
116562
1350		 2020
Total
Funds
£
242490
2225
244715
Total
£
446830
750547
-
117912
1197377
109724
-
2825
112549
1084828
337106
2020
Total
Funds
£
-
0
34000 34000

14

Muslim Association of Nigeria (UK) CRN:1179477

12. Cash at bank and in hand

Unrestricted
Funds
£
Cash in hand
0
Treasurer/Main
5567
Markaz
34838
FundRaise/OKR
Maintence
27499
Elders
40501
Youth
10305
Welfare
2869
AlRayan
0
AlRayan
0
Interbank Transfer
121579		 2021
2020
Restricted
Total
Total
Funds
Funds
Funds
£
£
£
-
-
596
-
5567
3456
-
34838
26876
370112
370112
285671
-
27499
22281
-
40501
30521
-
10305
8734
-
2869
2427
0
-
669957
6000
6000
6000
-
-
-
-
-
376112
497691
1056518

13. Creditors: amount falling due within one year

Unrestricted
Funds
£
Ceditors
0
Other taxes and social security incl salary
1824
accruals and deferred income
875
Other Creditors - incl. Janazah Deposit
0
2699
14.
Analysis of net assets between funds		 Restricted
Funds
£
405872
-
-
6000
411872		 2021
Total
Funds
£
405872
1824
875
6000
414571		 2020
Total
Funds
£
-
-
875
6000
6875
Fund balances at 31 December 2021
Unrestricted
are represented by:
Funds
£
Tangible fixed assets
8474
Current assets
155578
Current liabilities
(2699)
Interbank Transfer
(161179)
Total incoming resources
174		 Restricted
Funds
£
1076354
376112
(411872)
161179
1201773		 2021
2020
Total
Total
Funds
Funds
£
£
1084828
337106
531690
1056519
(414571)
(6875)
-
(1)
1201947
1386749

15

Muslim Association of Nigeria (UK) CRN:1179477

15. Statement of funds

Unrestricted
Funds
£
1 January 2021
100529
Incoming resources
149575
250104
Resources expended
(249930)
31 December 2021
174		 2021
2020
Restricted
Total
Funds
Funds
£
£
£
1286220
1386749
1347250
144126
293701
521680
1430346
1680450
1868930
(228573)
(478503)
(482181)
1201773
1201947
1386749

16. Salaries & Wages

Unrestricted
Funds
£
Salaries/Wages
157775
NICy-er & Pensions-yer
9078
166853		 Restricted
Funds
£
0
0
0		 2021
2020
Total
Funds
£
£
157775
130333
9078
7306
166853
137639

No employee received emoluments of more than £20,000. The average weekly number of employees during the year was 15 (2020:15).

17. Trustees’ remuneration, benefits and expenses There was no remuneration, benefits or expenses to Trustees during the year.

18. Unrestricted fund closing balance

At the year end, the unrestricted funds are in surplus, amounting to £174 (2020: £100,529).

19. Related party transactions

There were no related party transactions during the year.

20. Independent examination and accountancy services

During the period, the cost of the examination was (Nil) and accountancy services were £875 (2020: £875).

21. Controlling Party

The charity is under the control of the charity’s trustees.

16