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.
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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:
- Achievement of our aims and objectives; and
- Meeting the expectations of our beneficiaries or supporters.
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
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
· 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
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue its activities
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
- ·safeguarding the assets and taking reasonable steps for the prevention and detection
- of fraud and other irregularities.
**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:
- . examine the accounts under section 145 of the 2011 Act;
- . to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;
- .to state whether particular matters have come to my attention.
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
2. 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