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2024-12-31-accounts

Charity Registered number 1179477

MUSLIM ASSOCIATION OF NIGERIA (UK)

Report and Financial Statements

31 December 2024

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

Abdul-Jelil Oladejo Olatunde Sanusi Olawale G Hassan Karamot Onitolo Risikat Obikoya Muinat Pedro Muyinat Omotola Coker Jubril Adeyemi Sikiru Kunle Mustapha AbduRahman Amode Moufidah Adeyemi Sherifatu Erinjogunola Yahaya Monsurat Oyenuga Al-Ameen Mhammed Raheemat Alabi Adijat Shofolahan Tajudeen Salami Dr Kazeem Fatai Mohammed Hanif Idris Eletu Abdu Gaffar Abbass

President Vice President Secretary General Assistant Secretary General Treasurer Financial Officer Education Officer Health & Safety Officer Publicity Officer Welfare Officer (Male) Welfare Officer (Female) Sports and Wellbeing Officer Social Officer (Female) Youth Amir Youth Amira Elders’ Group Liaison Officer Head Imam Imam Imam Ex-Officio 1 Ex-Officio 2

Holding Trustees

Alhaji Yusuff Jakari Alhaji Abdul Gani Ajobo Alhaja Iyabo Mustapha Al-Ameen Amodu Alhaja Kaosara Shita

Chairman

Council for Religious Affairs:

Alhaji Tajudeen Salam Dr Kazeem Fatai Olawale G Hassan Alhaji Taofeek Fagbohun Alhaji Lukmon Adesina Alhaji Sulaiman Ayetoro Alhaji Dhikrullah Mustapha Dr Akeem Adetunji Bro Uthman Adesina Alhaja M.B Elias

Imam Deputy Imam Secretary

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 2024. 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 2024 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 2024 were:

Abdul-Jelil Oladejo - President Olatunde Sanusi - Vice President Olawale G Hassan - Sec-General Karamot Onitolo - Assistant Sec-General Risikat Obikoya - Treasurer Muinat Pedro - Financial Officer Muyinat Omotola Coker - Educ. Officer Jubril Adeyemi - Health and Safety Officer Monsurat Oyenuga - Social Officer (F) AL-Ameen Mohammed - Youth Amir Raheemat Alabi - Youth Amirah Tajudeen Salami - Imam Idris Eletu - Ex-Officio 1 Abdul Gaffar Abbass - Ex-Officio 2

3

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-elAdha 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.

4

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.

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 £333,271 in 2024 while 2023 was £362,090 due to extensive fundraising efforts 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 £101,437 and £77,935 for 2024 and 2023. Our policy is, therefore, to continue building up our free reserves to the ideal level by means of annual operating surpluses and supplemented by generalpurpose appeals from time to time. The unrestricted reserves of the Association at 31 December 2024 increased to £51,960 (2023: £24,022) was more compare to the target. It is anticipated that progress will be made further towards improving on this target in 2025 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 £27,938 compared to £22,339 in 2023 due to attracting more unrestricted funds for general purpose spending.

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:

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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

· select suitable accounting policies and then apply them consistently;

· 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 08 October 2025 and signed on their behalf by:

abduljeliloladejo

Abdul-Jelil Oladejo (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 2024, 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 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

  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…

08/10/2025

7

MUSLIM ASSOCIATION OF NIGERIA (UK)

Statement of Financial Activities

for the year ended 31 December 2024

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
12.2
12.3		 2024
2023
Total
Total
Unrestricted
Restricted
Fund
Fund
£
£
£
£
156,030
333,271
489,301
472,659
60,992
60,992
64,636
75
75
23
26,117
26,117
21,102
72,250
72,250
36,249
315,464
333,271
648,735
594,669
273,732
5,650
279,382
211,972
13,794
112,372
126,166
99,766
287,526
118,022
405,548
311,738
27,938
215,249
243,187
282,931
27,938
215,249
243,187
282,931
24,022
1,757,542
1,781,564
1,498,633
51,960
1,972,791
2,024,751
1,781,564

8

MUSLIM ASSOCIATION OF NIGERIA (UK) Balance Sheet as at 31 December 2024

Notes
2024
£
Fixed assets
Tangible assets
7
2,395,515
Current assets
Debtors
8
-
-
Cash at bank and in hand
444,923
373,678
444,923
373,678
Creditors: amounts falling due
within one year
9
(22,482)
87,126
Net current assets
422,441
Total assets less current liabilities
2,817,956
Creditors: amounts falling due
after more than one year
10
(793,205)
Net assets
2,024,751
Funds of the charity
Unrestricted Fund
12
51,960
Restricted Fund
12
1,972,791
Restricted and Unrestricted Funds c/fwd.
2,024,751		 2023
£
2,183,581
286,552
2,470,133
(688,569)
1,781,564
24,022
1,757,542
1,781,564

abduljeliloladejo

risikatobikoya

Abdul-Jelil Oladejo - President

Trustee

Risikat Obikoya Trustee

Approved by the board on 8 October 2025

9

MUSLIM ASSOCIATION OF NIGERIA (UK) Notes to the Financial Statement for the year ended 31 December 2024

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
Qubani -
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
£
£
101,805
333,271
10,000
38,600
5,625
156,030
333,271
Unrestricted Restrict
£
£
53,676
7,316
60,992
-
Unrestricted Restrict
£
£
75
Unrestricted Restrict
£
£
6,636
8,140
450
10,891
26,117
-
Unrestricted Restrict
£
£
48,257
4,201
52,458
-		 2024
£
435,076
10,000
38,600
5,625
489,301
2024
£
53,676
7,316
60,992
2024
£
75
2024
£
6,636
8,140
450
10,891
26,117
2024
£
48,257
4,201
-
52,458		 2023
£
472,636
28,510
4,770
505,916
2023
£
56,414
8,222
64,636
2022
£
23
2023
£
3,376
5,666
255
11,805
21,102
2023
£
49,283
5,437
54,720

10

MUSLIM ASSOCIATION OF NIGERIA (UK) Notes to the Financial Statement for the year ended 31 December 2024

7 Tangible fixed assets

7
Tangible fixed assets
Land &
Building
Cost
£
At 1 January 2024
2,179,291
Additions
213,906
At 31 December 2024
2,393,197
Depreciation
At 1 January 2024
0
Charge for the year
0
At 31 December 2024
0
Net book value
At 31 December 2024
2,393,197
At 31 December 2023
2,179,291
8
Cash at bank and in hand
Cash on hand
Elder's Acc - 1514
Main Acc - 7814
Maintance Acc - 911
Markaz - 1543
OKR - LLOYDS - 4937
Welfare Acc
NatWest
Youth Acc - 1167
9
Creditors: amounts falling due within one year
Trade creditors
Accountant Fees
Other creditors - Jonazah
10 Creditors: amounts falling due after one year
Creditors - Quad Hasan
Other creditors
11 Funds of the charity
At 1 January 2024
Net Funds for the period
At 31 December 2024		 Furniture &
fittings
Computers &
equipment
£
£
62,323
45,043
0
-
62,323
45,043
60,287
42,789
1,018
954
61,305
43,743
1,018
1,300
2,036
2,254
Unrestricted Restricted
£
£
24,410
4,197
7,360
16,310
359,463
6,832
6,000
20,351
85,460
359,463
Unrestricted Restricted
£
£
24,022
1,757,542
27,938
215,249
51,960
1,972,791		 Motor
vehicles
£
-
-
-
-
-
-
-
-
Total fund
2024
£
-
24,410
4,197
7,360
16,310
359,463
6,832
6,000
20,351
444,923
£
15,482
1,000
6,000
22,482
£
545,351
247,854
793,205
Total fund
2024
£
1,781,564
243,187
2,024,751		 Total
£
2,286,657
213,906
2,500,563
103,076
1,972
105,048
2,395,515
2,183,581
Total fund
2023
£
2,346
42,551
12,245
6,025
10,424
283,032
17,055
373,678
£
79,926
1,200
6,000
87,126
£
401,031
287,538
688,569
Total fund
2023
£
1,498,633
282,931
1,781,564

11

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

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

2024 2023
**Unrestricted ** Restrict Total fund Total fund
**12.1 ** INCOMING RESOURCES £ £ £ £
Voluntary Income , Donations etc 315,389 333,271 648,660.00 594,646
Bank interest received 75 75.00 23
Total Incoming Resources 315,464 333,271 648,735 594,669
OUTGOING RESOURCES
**12.2 ** Support costs of activities in furtherance of
the Charity's objects:
Salaries & wages 124,223 124,223.00 111,031
PAYE- Tax & NIC 5,827 5,827.00 10,030
Honorarium - Imams 1,640 1,640.00 3,150
Payment-Qurbani 2023 38,545 38,545.00 23,100
Charitable activities 2,050 2,050.00 5,483
Lease - Telephone 4,116 4,116.00 7,032
Printing, postage & stationery 488 488.00 814
Admin/Fund raising Expenses 12,920 5,650 18,570.00 16,993
Functions expenses - Meals etc 74,310 74,310.00 25,642
Markaz - Book expenses 1,727 1,727.00 1,927
Youth Expenses 7,886 7,886.00 6,770
273,732 5,650 279,382 211,972
**12.3 ** Management and Administration of Charity:
Rent - Temporary Accommodation - 53,143 53,143 64,989
Hoarding Licence 19,669 19,669 -
Travelling and subsistence 2,599 2,599 -
Light & heat -
Bank charges 1,223 1,223 1,306
Telephone & fax 99 99 1,183
Utilities 1,524 1,524 873
Insurance 919 919 857
Membership/subscription - 0 300
Markaz Walimah Expenses 2,221 2,221 -
Repairs & Maintenance 512 512 1,230
Software 468 542 1,010 1,416
Markaz publishing & stationery 2,859 2,859 -
Depreciation charge 1,972 1,972 2,412
Accountancy fees 1,000 1,000 1,200
Media, TV & Publicity 1,916 35,500 37,416 24,000
13,794 112,372 126,166 99,766

12