2024-02-29-accounts - Al Madinah Limited

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AL MADINAH LIMITED

TRUSTEES' REPORT AND FINANCIAL STATENIENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2024

Charity Registration Number: 1181722 Company Number: 11226871

Contents Page Trustee’s Report 2-5 Statement of Financial Activities 6 Balance Sheet 7

AL MADINAH LIMITED Trustees Report FOR THE PERIOD ENDED 28 FEBRUARY 2024

The Board of Trustees present their report and accounts for the accounting period to 28 February 2024.

Accounts

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, applicable law and the requirements of the Statement of Recommended Practice "SORP 2005", "Accounting and Reporting by Charities" issued in March 2005 and the Charities Act 2011.

Structure

Al Madinah Limited is a charitable company limited by guarantee. The charity was registered in January 2019.

Board of Trustees

The charity was founded by a board of trustees who are well-established professionals and have many years of experience in the charitable sector. The Board of Trustees consists of the following individuals:

Mr Rajab Alee (Chair Trustee) Mr Al Hassan Abubakari (Trustee) Mr MD Masud Ahmed Chowdhury (Trustee)

Registered Details

Registered address: 58 Sandy Ln, Norwich NR12NR Registered charity number: 1181722 Registered company number: 11226871 Chairman: Mr Rajab Alee

AL MADINAH LIMITED Trustees Report

FOR THE PERIOD ENDED 28 FEBRUARY 2024

Aims and objectives:

The Al Madinah Limited serves as a platform for leading UK-based Muslim organisations, associations and individuals for the advancement of relief; the help the general public and facilitate the Religious Activities.

Objectives:

To advance the Islamic religion for the benefit of the public through
Establishing and maintaining an Islamic cultural centre for the Muslim population of Norwich.
To promote racial and religious harmony between Muslims and non-Muslims in order to foster mutual understanding and tolerance leading to social cohesion and social capital and contributing a better society.
To advancing awareness of Islamic values amongst the people of Norwich through the holding of prayer meeting, lectures and public celebration of religious festivals and make available religious books, tracts, films and other information for the public benefit.

Guiding Principles:

l. A united effort

To facilitate effective teamwork in serving the Muslims of the Norwich through a collective approach and a united voice with a neutral non-political affiliation.

2. Integrity, trust and transparency

To be driven by an undeterred trust in our communities and manage our affairs with transparency, honesty and good faith.

3. Accountability and Humanitarian principles

To promote a culture that fosters accountability and humanitarian principles.

4. High quality and foster innovation

To provide a high-quality service by identifying practical applications and choosing pioneering approaches

AL MADINAH LIMITED Trustees Report

FOR THE PERIOD ENDED 28 FEBRUARY 2024

5. Align fairness and equality

To promote equality of opportunity and fair treatment for those we serve, irrespective of politics, beliefs, tribe, clan and gender.

6. Standardized services and professionalism

To standardize services and adhere to procedures and policies as agreed by the Al Madinah Limited. Al Madinah Limited will maintain a professional conduct in dealing with beneficiaries, donors and the greater public.

7. Common vision and strategy

To have a clear vision of goals and to continuously improve practises by exploring and encouraging effective solutions.

8. Commitment to betterment of our people

To commit with absolute conviction and dedication, to the cause of working towards improving the lives of the Muslims.

Review of Activities:

Al Madinah Limited is active charity and during this financial year it have generated funds to finance the new building for mosque address; 9 Henstead rd, hethersett, Norwich NR9 3JH. Charity has plan to establish the mosque under the new management of a new charity.

AL MADINAH LIMITED Trustees Report

FOR THE PERIOD ENDED 28 FEBRUARY 2024

Statement of Trustees' responsibilities:

The Trustees (who are also directors of Al Madinah Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. 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.
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK 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 charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time of the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board of Trustees and signed on their behalf:

Mr Rajab Alee (Chairman)

Dated: November 15, 2024

AL MADINAH LIMITED STATEMENT OF FNANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2024

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Donations income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of generating funds TOTAL RESOURCES EXPENDED Net incoming resources before transfer Transfers Net movement in funds Total finds brought forward Fund balances carried forward	Unrestricted Funds £ 30,540 30,540 7,703 7,703 22,837 - 22,837 54,802 77,639	Restricted Funds £ 1,350 1,350 - - 1,350 - 1,350 280,019 281,369	Total funds 2023 £ 31,890 31,890 7,703 7,703 24,187 - 24,187 334,821 359,008	Total funds 2022 £ 224,563
				224,593
				7,318
				7,318
				217,245 -
				217,245 117,576
				334,821

The Charity had no recognised gains and losses other than those included above. All the above results are derived from continuing activities

AL MADINAH LIMITED BALANCE SHEET FOR THE YEAR ENDED 28 FEBRUARY 2024

AL MADINAH LIMITED BALANCE SHEET FOR THE YEAR ENDED 28 FEBRUARY 2024
Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank and in hand CREDITORS: amounts falling due within one year NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted funds Restricted fund TOTAL FUNDS	£	2023 £ 400,044 -41,036 359,008 77,639 281,369 339,008	£	2022 £
	1,284 42,320		3,097 68,320	400,044 -65,223
				334,821
				54,802 280,019
				334,821

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small company’s regime with Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). For the year ending 28 February 2024 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Charity to obtain an audit in accordance with section 476 of the Companies Act 2006.

The Trustees of the Charity acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.

These accounts were approved by the Board of Directors and authorised for issue on 15/11/2024 and signed on their behalf by:

Chair Trustee —Mr Rajab Alee

Date: November 15, 2024