OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Charity Registered number 1179477

MUSLIM ASSOCIATION OF NIGERIA (UK)

Report and Financial Statements

31 December 2023

MUSLIM ASSOCIATION OF NIGERIA (UK) Report and Financial Statement

Contents

Page
Charity information 1
Trustees' report 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance sheet 6
Notes to the Financial Statements 7 - 8
(inclusive of detailed Income & Expenditure) 9
Detailed Income and Expenditure Account

MUSLIM ASSOCIATION OF NIGERIA (UK) Charity Information

Executive Committee/ Management Trustees

Idris Eletu President Abdu-Jelil Oladejo Vice President Olatunde Sanusi Secretary General Kamaldeen Sadiku 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 Abdulrahman Amode Welfare Officer (Male) Mufidat Adeyemi Welfare Officer (Female) Olanrewaju Daud Social Officer (Male) Monsurat Oyenuga Social Officer (Female) Taofiq Akinpeju Youth Amir Jubril Sulayman Security/Health & Safety Officer Sherifat Ibrahim Elders’ Group Liaison Officer Tajudeen Salami Imam Adesina Alabi Ex-Officio 1 Abiola Ogunsola Ex-Officio 2

Holding Trustees

Alhaji Mudathir Yussuf Chairman Alhaji Ganiy Ajobo Bro Al-Ameen Amodu Alhaja Risikat Iyabo Mustapha Alhaja Kafayat Shofolahan

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

Independent Examiner

Ajibola Lemo (FCCA , Msc) Lemo Corporate Chartered Certified Accountants 815 Old Kent road, London, SE15 1NX.

1

Bankers

Lloyds TSB Camberwell Green Branch 25 Camberwell Green Road London. SE5 7AB

Natwest 10 Southwark St, London. SE1 1TJ

Registered office

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

Registered number 1179477

2

MUSLIM ASSOCIATION OF NIGERIA (UK)

Trustees’ report

The trustees present their report along with the financial statements of the Charity for the year ended 31 December 2023. 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 2023 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 general house 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 have been generous with their donations towards the rebuild of the OKR Mosque.

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

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.

3

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

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

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.

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 storey 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.

4

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 2022 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 strengthened by £362,090 in 2023 while 2022 was £295,177 due to extensive fundraising efforts towards rebuilding the M

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 £52,560 and £59,803 for 2023 and 2022. 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 2023 increased to £22,022 (2022: £1,683) was more compare to the target. It is anticipated that progress will be made further towards improving on this target in 2024 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 increased by £22,339 compared to £1,509 in 2022 due to attracting more t i t d f d f l di

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

5

· state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and

The trustees are responsible for:

· keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2016

This report was approved by the Trustees on 25 October 2024 and signed on their beha

Idris Eletu (President) Executive Committee/Management Trustees

6

MUSLIM ASSOCIATION OF NIGERIA (UK) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Muslim Association of Nigeria (UK)

I report on the charity for the year ended 31 December 2023, which are set set out on pages 6 to 10.

Respective resposibilities of trustees and examiner

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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.

It is my responsisblity to:

Basis of independent examiner's report

comparison of the accounts presented with those records. It also includes consideration of any unusual or

any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly 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 connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

. to keep accounting records in accordance with section 130 of the 2011 Act; and

. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.

or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial statements to be reached.

Ajibola Lemo (FCCA, MSc) For and on behalf of LEMO CORPORATE

Date… 25 October 2024

7

MUSLIM ASSOCIATION OF NIGERIA (UK)

Statement of Financial Activities for the year ended 31 December 2023

Income Resources
Voluntary Income
Activities for generating Funds
Investment Income
Charitable activities
Other Income resources
Total Income Resources
Resources Expended
Support costs of activities in
furtherance of the charity's objects
Management & Administration
of Charity
Total Income Expended
Net incoming/(outgoing) resources
Net Movements in Funds
Fund balances b/fwd
Funds balances c/fwd		 Notes
2
3
4
5
10.2
10.3		 2023
2022
Total
Total
Unrestricted
Restricted
Fund
Fund
£
£
£
£
110,569
362,090
472,659
593,574
64,636
64,636
60,132
23
23
6,814
21,102
21,102
9,830
36,249
36,249
46,521
232,579
362,090
594,669
716,871
201,834
10,138
211,972
220,363
8,406
91,360
99,766
199,822
210,240
101,498
311,738
420,185
22,339
260,592
282,931
296,686
22,339
260,592
282,931
296,686
1,683
1,496,950
1,498,633
1,201,947
24,022
1,757,542
1,781,564
1,498,633

8

MUSLIM ASSOCIATION OF NIGERIA (UK) Balance Sheet as at 31 December 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 7 2,183,581 2,067,513
Current assets
Debtors 8 - 34,000
Cash at bank and in hand 373,678 75,941
373,678 109,941
Creditors: amounts falling due
within one year 10 (87,126) 67,925
Net current assets 286,552 42,016
Total assets less current liabilities 2,470,133 2,109,529
Creditors: amounts falling due
after more than one year 11 (688,569) (610,896)
Net assets 1,781,564 1,498,633
Funds of the charity
Unrestricted Fund 12 24,022 1,683
Restricted Fund 12 1,757,542 1,496,950
Restricted and Unrestricted Funds c/fwd. 1,781,564 1,498,633
karamotonitolo

Idris Eletu - President Karamot Onitolo Trustee Trustee

Approved by the board on 25 October 2024

9

MUSLIM ASSOCIATION OF NIGERIA (UK) Notes to the Financial Statement for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Incoming Resources

Income is mainly from voluntary donations, grants and bank interest received are included in the financial statements when received.

Resources Expended

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.

Taxation

As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery
Motor vehicles
2
Voluntary Income
Donations
Grants
Subscriptions
3
Activities for generating funds
Markaz fees
Markaz other income
4
Investment Income
Bank Interest
5
Income from Charitable activities
Eids - Fitr and Adha
Other Function Income - Ramadan
Printing - Calender and Prayer book
Elders and Youth activities
6
Markaz Trading Cost
Markaz Salaries & Wages
Markaz - Pensions
Employers NI & Pension		 25% straight line
25% straight line
Unrestricted Restrict
£
£
110,546
362,090
28,510
4,770
143,826
362,090
Unrestricted Restrict
£
£
56,414
8,222
64,636
-
Unrestricted Restrict
£
£
23
Unrestricted Restrict
£
£
3,376
5,666
255
11,805
21,102
-
Unrestricted Restrict
£
£
49,283
5,437
54,720
-		 2023
2022
£
£
472,636
564,857
28,510
25,947
4,770
2,770
505,916
593,574
2023
2022
£
£
56,414
52,776
8,222
7,356
64,636
60,132
2023
2022
£
£
23
6,814
2023
2022
£
£
3,376
5,205
5,666
2,144
255
386
11,805
2,095
21,102
9,830
2023
2022
£
£
49,283
48,454
5,437
411
-
1,037
54,720
49,902

10

MUSLIM ASSOCIATION OF NIGERIA (UK) Notes to the Financial Statement for the year ended 31 December 2023

7
Tangible fixed assets
Land &
Building
Cost
£
At 1 January 2023
2,061,157
Additions
118,134
At 31 December 2023
2,179,291
Depreciation
At 1 January 2023
0
Charge for the year
0
At 31 December 2023
0
Net book value
At 31 December 2023
2,179,291
At 31 December 2022
2,061,157
8
Debtors
Trade debtors
9
Cash at bank and in hand
Cash on hand
Elder's Acc - 514
Main Acc - 814
Maintance Acc - 911
Markaz - 543
OKR - LLOYDS - 937
Welfare Acc
Youth Acc - 167
10 Creditors: amounts falling due within one year
Other taxes and social security
Trade creditors
Accountant Fees
Other creditors - Jonazah
11 Creditors: amounts falling due after one year
Creditors - Quad Hasan
Other creditors
12 Funds of the charity
At 1 January 2023
Net Funds for the period
At 31 December 2023		 Furniture &
fittings
Computers &
equipment
£
£
62,323
44,696
0
347
62,323
45,043
59,269
41,835
1,018
954
60,287
42,789
2,036
2,254
3,054
2,861
Unrestricted Restricted
£
£
2,346
42,551
12,245
6,025
10,424
283,032
17,055
90,646
283,032
Unrestricted Restricted
£
£
1,683
1,496,950
22,339
260,592
24,022
1,757,542		 Motor
vehicles
Total
£
£
14,004
2,182,180
-
118,481
14,004
2,300,661
13,564
114,668
440
2,412
14,004
117,080
-
2,183,581
440
2,067,512
£
£
-
34,000
-
34,000
Total fund
Total fund
2023
2022
£
£
2,346
42,551
37,612
12,245
400
6,025
4,201
10,424
19,175
283,032
8,122
-
3,956
17,055
2,475
373,678
75,941
£
£
32,760
79,926
28,290
1,200
875
6,000
6,000
87,126
67,925
£
£
401,031
305,960
287,538
304,936
688,569
610,896
Total fund
Total fund
2023
2022
£
£
1,498,633
1,201,947
282,931
296,686
1,781,564
1,498,633

11

MUSLIM ASSOCIATION OF NIGERIA (UK) Notes to the financial statements (continued)

10 Detailed Income and Expenditure Account For the year ended 31 December 2023

2023 2022
**Unrestricted ** Restrict Total fund Total fund
**10.1 ** INCOMING RESOURCES £ £ £ £
Voluntary Income , Donations etc 232,556 362,090 594,646.00 716,871
Bank interest received 23 23.00 -
Total Incoming Resources 232,579 362,090 594,669 716,871
OUTGOING RESOURCES
**10.2 ** Support costs of activities in furtherance of
the Charity's objects:
Salaries & wages 111,031 111,031.00 137,829
PAYE- Tax & NIC 10,030 10,030.00 7,719
Honorarium - Imams 3,150 3,150.00
Payment-Qurbani 2023 23,100 23,100.00 -
Charitable activities 5,483 5,483.00 19,450
Donations & welfare 1,600
Lease - Telephone 7,032 7,032.00 6,904
Instrumentalist/music expenses - -
Printing, postage & stationery 814 814.00 1,348
Admin/Fund raising Expenses 6,855 10,138 16,993.00 7,450
Functions expenses 25,642 25,642.00 28,572
Markaz - Book expenses 1,927 1,927.00 8,354
Youth Expenses 6,770 6,770.00 1,138
201,834 10,138 211,972 220,364
**10.3 ** Management and Administration of Charity:
Rent - Temporary Accommodation 0 64,989 64,989 71,587
Light & heat 8,683
Bank charges 1,306 1,306 2
Telephone & fax 1,183 1,183 1,673
Utilities 873 873 -
Insurance 857 857
Membership/subscription 300 300
Ramadan Expenses - 0 1,390
Repairs & Maintenance - 1,230 1,230 2,297
Sundry expenses - 0 8,708
Software 1,132 284 1,416 1,144
Postage and Carriage - 0 511
Depreciation charge 2,412 2,412 2,119
Accountancy fees 1,200 1,200 875
Media, TV & Publicity - 24,000 24,000 -
Other legal and professional 0 0 100,833
8,406 91,360 99,766 199,822

12