MARKAZ BUKHARI
ANNUAL REPORT &
FINANCIAL STATEMENTS
FOR YEAR ENDED
ST
31 JANUARY 2024
Charity Registration No. 1181877

MARKAZ BUKHARI
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

MARKAZ BUKHARI
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2024
ST
The Trustees present their report and financial statements far year-end 31st January 2024 for
the Charitable Incorporated Organisation.
The financial statements have been prepared in accordance with the Charitable Incorporated
Organisation's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
published (FRS 102) effective 1st January 2019.
OBJECTIVES AND ACTIVITIES
To advance the Islamic religion for the benefit of the public through holding prayers, lectures,
regular classes and producing and distributing literature on Islam to enlighten others about
Islam.
Main activities:
Two weekly religious educational classes.
Free online radio station where we broadcast Islamic lectures and lessons.
Periodic community Islamic lectures.
Educational Islamic annual conference for the local and wider community.
Free literature distributed via our social nehwork platforms for free.
Website where we upload all of our lectures and publications for free.
Public Benefit
In considering the objectives and activities, the Trustees have considered the Charity
Commission's guidance on Public Benefit to ensure that the organisation is meeting its Public
Benefit requirements.
ACHIEVEMENTS AND PERFORMANCE
During this period, the following outcomes were achieved:
The charity continued to rent venues to conduct Islamic educational programmes, community
events and occasional warm meals for the community. The charity made the bold move to
purchase a building to use as a hub for all of its charitable activities in the future.
FINANCIAL REVIEW
Total income for the period was £65,970 (2023.. £72,932) of which £11,070 (2023: £53.977)
related to funding for projects upon which restrictions are placed.
Total expenditure for the period was £14,777 {2023.. £5,218) of which £4,268 <2023: £82)
related to restricted funds. leaving a surplus for the period of £51.193 {2023'. surplus £67.714).
At 31st January 2024 the Charitable Incorporated Organisation's reserves stood at £218,223
{2023'. £167,030), of which £157,222 (2023.. £150,420) represented restricted funds.
Risk Management
The main risks to which the Charitable Incorporated Organisation is exposed as identified by
the Trustees have been considered and systems have been established to mitigate those
risks.

MARKAZ BUKHARI
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST JANUARY 2024
ReseNes Policy
It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds,
which are free reserves of one month's running costs should no further funding be received.
As at the end of the financial period the unrestricted funds totalled £61,001 less Dawah fund
42,437 leaving a balance of £15,564. The Charitable Incorporated Organisation requires £876
for one month's running costs.
The trustees plans for the balance of the unrestricted reserves is for the renovation of the new
mosque.
Plans for the future
The charity operations currently rely heavily on hiring venues to cary out its objectives and
activities. Through acquiring the building, we will be able to move away from this over reliance
on hired facilities to carry out charitable activities. The aim is to continue to hire venues in the
short term, and to continue to fundraise for the renovation costs of the building, with an aim to
move to the building once completed.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Markaz Bukhari is a registered Charitable Incorporated Organisation (CIO). number 1181877
formed on 5th February 2019, under the terms of their constitution dated 4th November 2018.
There must be at least three Trustees. If the number falls below this minimum. the remaining
Trustee or Trustees may act only to call a meeting of the Truslees or appoint a new Trustee.
There is no maximum number of charity Trustees that may be appointed to the CIO. The first
three Trustees are Yusuf Ho, Abdikarim Mohamud and Awil Ali Abokor.
Apart from the first Trustees, every Trustee must be appointed for a term of three years by a
resolution passed at a properly convened meeting of the Trustees.
In selecting individuals for appointment as Trustee, the Trustees must have regard to the skills,
knowledge and experience needed for the effective administration of the CIO.
The Trustees will make available to each new trustee. on or before his or her first appointment:
(1) a copy of the current version of this constitution., and
(2) a copy of the CIO'S latest Trustees, Annual Report and statement of accounts.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Markaz Bukhari
Charity number
Address & Office
1181877
School House
Church Road.
Wavertree.
Liverpool,
L15 9ED
The members of the Board of Trustees are as follows:
Trustees
A Abokor
YHO
A Mohamud
AFMusa
{Resigned 30th July 2024)
(Appointed 31°, July 2024)

MARKAZ BUKHARI
ST
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2024
Independent Examiner Ying Huang ACCA
LCVS
151 Dale Street,
Liverpool,
L2 2AH
Bankers
Lloyds Bank PLC
Blackheath London,
PO Box 1000,
BX11LT
Signed on behalf of the Trustees
A Mohamud, Trustee
Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MARKAZ BUKHARI
I report on the accounts of the charitable company for Ihe year ended
31" January 2024 which are set out on pages 6 to 14.
The tnjstees (who are also the directors of the company for the
purposes of company lawl are responsible for the preparalion of the
accounts. The twstees 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.
It is my responsibility to=
examine the accounls under section 145 ofthe 2011 Act,
to follow the prO￿d￿reS laid down in the general Directions
given by the Charity Commission {under section 145{5)(bl of the
2011 AGt, and
to slate whether particular matters have ￿me to my attention.
My examination was carried out in accordance with general Directions
given by the Charity Commission. 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 the trustees concerning any such matters. The
prO￿dureS undertaken do not provide all the evidence thal 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
limiled to those matters set out in the slatement below.
Res
ective res
onsibilities
of tmstees and examiner
Basis of inde
endent
examiner's statement
In connection with my examination, no matter has wme to my
attention..
(11 which gives me reasonable cause to believe that in, any material
respect, the reqLtiremenls'.
to keep accounting records in accordan￿ with section 386 of
the Companies Act 2006., and
to prepare accounts which accord with the accounting records
and comply wilh Ihe accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practi￿. Accounting and
Reporting Charities
have not been met. or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Inde
ndent examinevs
statement
Name:
Ylng Huang
Relevant professional qualification or body.. ACCA
Address: clo LCVS 151, Dale Street, Liverpool, L2 2AH
Dated

MARKAZ BUKHARI
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR END 31ST JANUARY 2024
Notes
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income and Endowments from
Donations
2a
54,900
11.070 65,970
72,932
Total income
54,900
11,070 65,970
72,932
Expenditure on
Charitable activities
10,509
4.268
14,777
5,218
Total expenditure
10,509
4,268
14,777
5,218
Net income, net movement in
funds
44,391
6,802
51,193
67,714
Total funds brought forward
16,610
150,420 167,030
99,316
Total funds carried fO￿ard
61,001
157,222 218,223
167,030
The notes on pages 8 to 14 form part of these accounts.
All the above amounts relate to continuing activities of the Charitable Incorporated
Organisation.

MARKAZ BUKHARI
BALANCE SHEET AS AT 31ST JANUARY 2024
Notes
8t
31 January 2024
st
31 January 2023
Fixed assets
Tangible fixed assets
153,442
156,210
Current assets
Debtors
Cash at bank and in hand
2,946
63,355
221
106,631
66,301
106,852
Current liabilities
Creditors: amounts falling
due within one year
(1,520)
(96,032)
Net current assets
64.781
10,820
Total assets less current
liabilities
218,223
167,030
Funds:
Unrestricted funds
Restricted funds
61,001
157,222
16,610
150,420
218,223
167.030
Approved by Trustees on .
LdliL !t￿Li¥
A Mohamud, Trustee
A Abokor, Trustee

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 JANUARY 2024
ST
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared in accordan￿ with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS102) effective 1st January 2019 and Charities Act 2011.
The financial statements are prepared in sterling. which is the functional currency of the
Charitable Incorporated Organisation. Monetary amounts in these financial statements
are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention with
items recognised at cost or transaction value unless otherwise stated in the relevant
note{s) to these accounts.
The Charitable Incorporated Organisation has taken advantage of the provisions in the
SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of
Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that
the charity has adequate reserves to continue in operational existence for the foreseeable
future. Thus, the Trustees continue to adopt the going concem basis of accounting in
preparing the accounts.
Fund accounting
Unrestricted funds are the Charitable Incorporated Organisation, free reserves available
for the Trustees to apply in accordan￿ with the Charitable Incorporated Organisation's
objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure.
Income recognition
All income is recognised On￿ the Charitable Incorporated Organisation has entitlement to
the income, there is sufficient ￿rtaintY of re￿Ipt and so it is probable that the income will
be received, and the amount of income receivable can be measured reliably.
Donations and legacies comprise of donations which are recognised in the accounts when
received, with the exception of known legacies which are accounted for when their receipt
is certain.
Income from other trading activities relates to fundraising events and is recognised when
the amount is certain.
Fixed Assets
Capital expenditure is ststed in the balance sheet at cost less accumulated depreciation.
Depreciation is provided to write off the cost of each asset over its expected useful life as
below..
Freehold Property
2 % per annum straight line basis on building and
Improvements elements and Nil on freehold land

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 JANUARY 2024
ST
Expenditure recognltion
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the Charitable Incorporated Organisation to that expenditure, it is probable that settlement
will be required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure
headings in the Statement of Financial Activities. Support and governance costs are
applied to unrestricted funds unless specifically included in the restrictions, as specified
by the donor.
Expenditure on charitable activities relates to the operation of the Charitable Incorporated
Organisation comprising of direct charitable expenditure to meet the objectives of the
Charitable Incorporated Organisation. Support and governance costs relate to the
management and operation of the organisation and also compliance with constitutional
and statutory requirements in producing the annual report. These are deall with in the
Statement of Financial Activities when payment has been approved by the Charitable
Incorporated Organisation.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The Charitable Incorporated Organisation has elected to apply the provisions of Section
11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of
FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charitable Incorporated Organisation's
balance sheet when the Charitable Incorporated Organisation becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statemenls, when there is a legally enforceable right to set off the recognised amounts
and there is an intention to settle on a net basis or to realise the asset and settle the
liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction. where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction. where the
debt instrument is measured at the present value of the future receipts discounted at a
markel rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 JANUARY 2024
ST
Derecognition of financlal liabilities
Financial liabilities are derecognised when the Charitable Incorporated Organisation's
conlractual obligations expire or are discharged or can￿lled.
Critical accounting estimates and judgements
In the application of the Charitable Incorporated Organisation's accounting policies, the
Trustees are required to make judgements, estimates and assumptions about the carrying
amount of assets and liabilities that are nol readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised
where the revision affects only that period, or in the period of the revision and future
periods where the revision affects both current and future periods.
All expenditure is accounted for on an accrual's basis. All expenses, including support
costs and govemance costs, are allocated or apportioned to the applicable expenditure
headings in the Statement of Financial Activities. Support and governance costs are
applied to unrestricted funds unless specifically included in the restrictions. as specified
by the donor.
Cost of charitable activities relates to the operation of the Charitable Incorporated
Organisation comprising of direct charitable expenditure to meet the objectives of the
Charitable Incorporated Organisation. Support and governance costs relate to the
management and operation of the organisation and compliance with constitutional and
statutory requirements in producing the annual report. These are dealt with in the
Statement of Financial Activities when payment has been approved by the Charitable
Incorporated Organisation.
Taxation
Income and gains are exempt from taxation as they are received and applied for
charitable purposes only. The Charitable Incorporated Organisation benefits from various
exemptions from taxation afforded by tax legislation and is not liable to corporation tax on
income or gains falling within those exemptions. The Charitable Incorporated
Organisation is not able to recover Value Added Tax. Expenditure is recorded in the
accounts inclusive of VAT.
2. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
a. Donations and legacies
Donations
Masjid restricted donation
54,900
54,900
18.955
11,070 53,977
11,070
54,900
11.070
65,970 72,932
Donations and legacies income for 2023 related wholly to unrestricted fund.
io-

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 JANUARY 2024
ST
3. Expenditure on charitable activities
Direct
Support &
charitable Governance
Expenditure
Costs
Total
2024
Total
2023
To advance the Islamic religion for
the benefit of the public through
holding prayers, lectures, regular
classes and producing and
distributing literature on Islam lo
enlighten others about Islam.
9,375
5.402
14.777
5.218
a. analysed as follows..
2024
2023
Direct Charitable Expenditure."
Equipment and clothing
Activities and events
Venue hire
Volunteer expenses
Advertisement
Online radio costs
Website costs
332
277
4,180
4,020
52
169
345
515
1,142
2.450
47
172
9,375
4,326
Support and governance costs..
Accountancy
Bank charges
Stationery
Subscriptions
Repairs
Sundries
Computer support
Depreciation
770
750
89
164
1.500
60
106
2,768
82
5,402
892
Total expenditure on charitable
activities
14,777
5.218
£4,268 (2023.. £82) of the above expenditure is restricted expenditure.
b. Staff Costs
There were no employees during the period up to 31st January 2024. {2023.. Nil)
The Trustees are not remunerated for their seNices and are not included in the above
number of employees.
No out-of-pocket expenses were reimbursed to Trustees during the period.

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 ST JANUARY 2024
4. Tangible fixed assets
Freehold
Property
Total
Cost:
Balance at 1st February 2023
Additions
156,292
156,292
Balance at 31st January 2024
156,292
156,292
Depreciation:
Balance at 1 sl February 2023
Charge for the year
82
2,768
82
2,768
Balance at 31S1 January 2024
2,850
2,850
Net Book Value:
Net Book Value 31st January 2024
153,442
153,442
Net Book Value 31st January 2023
156,210
156,210
5. Debtors
2024
2023
Debtors
2,946
221
6. Creditors" amounts falling due within one year
2024
2023
Accruals
Creditors
1.520
750
95,282
Totals
1,520
96,032
12-

MARKAZ BUKHARI
ST
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 JANUARY 2024
7. Analysis of net assets between funds
2024
Tangible
Fixed
Assets
Net
Current
Assets
Total
Unrestricted Funds
General Fund
Dawah Fund
18,564
42,437
18,564
42,437
61,001
61,001
Restricted Funds
Masjid restricted donation
153,442
3,780
157,222
Totals
153,442
64,781
218,223
2023
Tangible
Fixed
Assets
Net
Current
Assets
Total
Unrestricted Funds
General Fund
16.610
16,610
Restricted Funds
Masjid restricted donation
156,210
(5,790) 150,420
Totals
156.210
10,820 167,030
8. Unrestrlcted Funds
Movements in the Year
Income
Expenditure
2024
Reserves
at beginning
of year
Reserves
at end
of year
General Fund
Dawah Fund
16.610
2,822
52,078
(868)
(9,641)
18.564
42,437
16,610
54,900
(10,509)
61,001
Movements in the Year
Income
Expenditure
2023
Reserves
at beginning
of year
Reserves
at end
of year
General Fund
2,791
18,955
{5,136)
16,610
General Fund is used to finance the Charitable Incorporated Organisation general
activities and core costs as outlined in the Trustees, Report.
13

MARKAZ BUKHARI
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR END 31 ST JANUARY 2024
Dawah Fund - Contribution towards the building of a mosque
9. Restricted Funds
Movements in the Year
Income
Expenditure
2024
Reserves
at beginning
of year
Reserves
at end
of year
Masjid restricted
donation
150,420
11,070
(4,268)
157,222
Movements in the Year
Income
Expenditure
2023
Reserves
at beginning
of year
Reserves
at end
of year
Masjid restricted
donation
96,525
53,977
{82)
150,420
These are monies given to the Charitable Incorporated Organisation to be spent at the
discretion of the Board of Trustees for specific charitable purposes, as follows..
Masjid restricted donation - Contribution towards the building of a mosque.
10. Guarantees and Other Financial Commitments
There are no financial commitments under non-cancellable operating leases.
11. Related Parties
There were no material related party transactions during this year which require
disclosure.
12. Limited liability of members
In the event of winding up, the members of the CIO have no liability to contribute to its
assets and no personal responsibility for settling its debts and liabilities.
14-