Charity registration number: 1184908
## At-Tawheed Foundation
Annual Report and Financial Statements for the Year Ended 31 March 2024
## **At-Tawheed Foundation**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 13|
## **At-Tawheed Foundation**
## **Reference and Administrative Details**
## **Trustees**
**Principal Office Bankers**
## **Charity Registration Number**
## **Independent Examiner**
Mohammed Nazakit Dr Mohammed Fazlulla Haris Farhan Abbas Malik Chaudhry Kaleemullah Mohammed Whaed Hussain Kafeel Ahmed (appointed on 25/07/2024)
Markaz At-Tawheed Rectory Road Shelton Stoke-on-Trent ST1 4PW
1184908 NatWest 1 Upper Market Square Hanley Stoke-on-Trent ST1 1NS
Gordon Levy BA, FCA Chartered Accountant Gordon Levy Limited Suite 5, 4th Floor 3 Universal Square Devonshire Street North Manchester M12 6JH
Page 1
## **At-Tawheed Foundation**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
## **Objectives and activities**
## _**Objects and aims**_
The CIO constitution defines the charity's objects are to advance the Islamic religion in accordance with the Ahl-ul-Hadith creed and methodology for the benefit of public in particular but without limitation, through the holding of prayer meetings, lectures, producing and/or distributing literature on Islamic faith to enlighten others about Islamic religion.
The objectives for the year were to continue to raise funds to maintain and improve existing facilities. Funds are raised by voluntary collections in the mosques. There are no specific fundraising targets set, the charity relies on the willingness of individuals to contribute what they can afford to donate.
## _**Summary of the main activities**_
- a) Provide services of mosques to promote Islamic faith to all age groups.
- b) Provide supplementary school (Madrasah) classes to teach the children the Quran and Islamic Studies.
- c) Arrange regular talks and lectures.
- d) Facilitate youth empowerment workshops.
- e) Arrange special talks for women.
- f) Each centre is financially independent; there is no transfer of funds between the centres.
The charity runs the following three mosques within Stoke on Trent:
1. Markaz At-Tawheed, Rectory Road, Shelton
2. Markaz As-Sunnah, Ladywell Road, Tunstall
3. Markaz Al-Huda, Furnace Road, Normacot
## _**Public benefit**_
The trustees have considered this, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded that:
- the aims of the charity continue to be charitable;
- the work done by the charity gives identifiable benefits to the charitable sector and both directly and indirectly to individuals in need;
- the benefits are for the public; not unreasonably restricted in anyway;
- there is no detriment or harm arising from the aims or activities.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
During this year the charity continued to improve its activities, finance as well as facilities as listed below:
- a) The number of people attending all three mosques has increased.
- b) Markaz Al-Huda building renovation project phase 2 fundraising is ongoing.
- c) Markaz At-Tawheed, building major repair and maintenance works planned for upstairs.
- d) Markaz As-Sunnah, first floor renovation has been completed.
- e) Madrasah classes enrolment increased significantly to over 200 children.
## **Financial review**
During the year, the charity raised £299k (2023: £280k) and after spending £193k (2023: £140k), the charity’s carry forward reserves were £1,093k (2023: £987k). The details are shown in the annexed financial statements
Page 2
## **At-Tawheed Foundation**
## **Trustees' Report**
## _**Policy on reserves**_
The charity reserves funds to cover 12 months expenditure which will ensure that the charity can continue its activities for that length of time even if there is a sudden and significant drop in funding.
## **Plans for future periods**
The charity envisages conducting the following tasks as part of its plans for the future.
**Promotion of faith:** Propagation of Muslim faith to the younger generation by introducing a range of activities that attract and inspire them more than the traditional services offered.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a charitable incorporated Organisation (CIO), governed by CIO constitution and registered with the Charity Commission on 15 August 2019.
## _**Organisational structure**_
Trustees are responsible for setting strategies, and policies for ensuring these are implemented.
## _**Appointment of trustees**_
Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
## _**Reference and administrative details**_
Reference and administrative details are provided on page 1.
## _**Major risks and management of those risks**_
The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. No major risks have been identified.
The annual report was approved by the trustees of the charity on 31/12/2024 and signed on its behalf by:
......................................... Mohammed Nazakit Chair
Page 3
## **At-Tawheed Foundation**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 and of the incoming resources and application of resources of the charity for that period. 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 judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material 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 in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
## **At-Tawheed Foundation**
## **Independent Examiner's Report to the trustees of At-Tawheed Foundation**
I report to the trustees on my examination of the accounts of At-Tawheed Foundation (‘the charity’) for the year ended 31 March 2024, which are set out on pages 6 to 13.
## **Responsibilities and basis of report**
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect:
1. accounting records were not kept in accordance with section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
......................................
**----- End of picture text -----**
...................................... Gordon Levy BA, FCA Chartered Accountant Gordon Levy Limited Suite 5, 4th Floor
3 Universal Square Devonshire Street North Manchester M12 6JH
31/12/2024 Date: .............................
Page 5
## **At-Tawheed Foundation**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Other income
3
Total income
**Expenditure on:**
Charitable activities
4, 6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Restricted**
**Unrestricted**
**Total**
**Funds**
**£**
**Funds**
**£**
**2024**
**£**
15,161
215,812
230,973
-
68,279
68,279|
|---|---|
||15,161
284,091
299,252|
||(243)
(192,628)
(192,871)|
||(243)
(192,628)
(192,871)|
||14,918
91,463
106,381|
||14,918
91,463
106,381
-
986,510
986,510|
||14,918
1,077,973
1,092,891|
|**Note**
**Income and Endowments from:**
Donations and legacies
Other income
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**Funds**
**£**
228,306
51,758
280,064
(140,202)
(140,202)
139,862
139,862
846,648
986,510|**Total**
**2023**
**£**
228,306
51,758|
|---|---|---|
|||280,064|
|||(140,202)|
|||(140,202)|
|||139,862|
|||139,862
846,648|
|||986,510|
All of the charity's activities derive from continuing operations during the above two periods.
Page 6
## **At-Tawheed Foundation**
## **(Registration number: 1184908) Balance Sheet as at 31 March 2024**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
Restricted funds
Unrestricted funds
**Total funds**
15|**2024**
**£**
896,652
18,279
180,816
199,095
(2,856)
196,239
1,092,891
14,918
1,077,973
1,092,891|**2023**
**£**
817,431
54,362
116,201|
|---|---|---|
|||170,563
(1,484)|
|||169,079|
|||846,648|
|||-
986,510|
|||986,510|
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 31/12/2024 and signed on their behalf by:
......................................... Mohammed Nazakit Chair
Page 7
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (the Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
At-Tawheed Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 8
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Tangible fixed assets**
Individual fixed assets costing more than £300.00 are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold Land - No depreciation Buildings - 50 years (straight line) Office Equipment - 3 years (straight line)
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the charity’s activities. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
## **Fund structure**
Unrestricted income funds include designated property and renovation funds, and general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds include charitable relief fund. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised for particular purposes.
Page 9
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|**2 Income from donations and legacies**
Donations and legacies;
Donations
Grants
Gift aid reclaimed|**Restricted**
**funds**
**£**
15,161
-
-
15,161|**Unrestricted**
**funds**
**£**
193,542
5,000
17,270
215,812|**Total**
**Total**
**2024**
**2023**
**£**
**£**
208,703
209,516
5,000
-
17,270
18,790
230,973
228,306|
|---|---|---|---|
## **3 Other income**
|Fees and supplies|**Unrestricted**
**funds**
**Total**
**£**
**2024**
**£**
68,279
68,279
68,279
68,279|**Total**
**2023**
**£**
51,758|
|---|---|---|
|||51,758|
## **4 Expenditure on charitable activities**
|Staff costs
Facilities
Utilities
Insurance
Travel
Office expenses
Consultancy
Governance|**Activity**
**undertaken**
**directly**
**Activity**
**support**
**costs**
**£**
**£**
90,462
29,758
17,150
2,210
1,090
24,121
27,380
700
192,171
700|**Total**
**2024**
**Total**
**2023**
**£**
**£**
90,462
75,992
29,758
24,750
17,150
12,704
2,210
1,830
1,090
1,333
24,121
2,380
27,380
20,613
700
600
192,871
140,202|
|---|---|---|
## **5 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs|**Unrestricted**
**funds**
**£**
600
100
700|**Total**
**2024**
**Total**
**2023**
**£**
**£**
600
600
100
-
700
600|
|---|---|---|
Page 10
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **6 Net incoming/outgoing resources**
Net outgoing resources for the year include:
|Net outgoing resources for the year include:|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Depreciation of fixed assets|14,322|12,451|
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **8 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Wages and salaries
Social security costs|**2024**
**£**
90,462
-
90,462|**2023**
**£**
75,992
-|
|||75,992|
Average number of employees during the year: 10
No employee received emoluments of more than £60,000 during the year
## **9 Independent examiner's remuneration**
|**9 Independent examiner's remuneration**|||||
|---|---|---|---|---|
||**2024**||**2023**||
||**£**||**£**||
|Examination of the financial statements||600||600|
Page 11
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**12 Debtors**
Gift Aid
Other debtors
Prepayments
**13 Cash and cash equivalents**
Cash on hand
Cash at bank
**14 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Accruals|**Land and**
**buildings**
**£**
846,518
93,543
940,061
29,329
14,201
43,530
896,531
817,189||**Furniture and**
**equipment**
**£**
363
-
363
121
121
242
121
242
**2024**
**£**
16,668
-
1,611
18,279
**2024**
**£**
24,244
156,572
180,816
**2024**
**£**
2,256
-
600
2,856||**Total**
**£**
846,881
93,543
940,424
29,450
14,322
43,772
896,652
817,431
**2023**
**£**
10,247
33,350
10,765|
||||**2024**
**£**
16,668
-
1,611
18,279
**2024**
**£**
24,244
156,572
180,816
**2024**
**£**
2,256
-
600
2,856|||
||||||54,362|
||||||**2023**
**£**
13,774
102,427|
||||||116,201|
||||||**2023**
**£**
293
591
600|
||||||1,484|
Page 12
## **At-Tawheed Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|**15 Funds**
**Unrestricted funds**
General funds
Renovation funds
Property fund
**Restricted funds**
Relief fund
**Total funds**
**Unrestricted funds**
General funds
Renovation funds
Property fund
**Total funds**|**Balance at 1**
**April 2023**
**£**
131,052
38,269
817,189
986,510
-
986,510
**Balance at 1**
**April 2022**
**£**
89,981
32,047
724,620
846,648|**Incoming**
**resources**
**£**
175,387
108,704
-
284,091
15,161
299,252
**Incoming**
**Resources**
**£**
165,132
114,932
-
280,064|**Resources**
**expended**
**£**
(177,666)
(761)
(14,201)
(192,628)
(243)
(192,871)
**Resources**
**expended**
**£**
(124,061)
(3,811)
(12,330)
(140,202)|**Transfers**
**£**
(2,000)
(91,543)
93,543
-
-
-
**Transfers**
**£**
-
(104,899)
104,899
-|**Balance at 31**
**March 2024**
**£**
126,773
54,669
896,531|
|---|---|---|---|---|---|
||||||1,077,973|
||||||14,918|
||||||1,092,891|
||||||**Balance at 31**
**March 2023**
**£**
131,052
38,269
817,189|
||||||986,510|
## **16 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Restricted**
**funds**
**£**
-
14,918
-
14,918|**Unrestricted**
**funds**
**£**
896,652
184,177
(2,856)
1,077,973
**Unrestricted**
**Funds**
**£**
817,431
170,563
(1,484)
986,510|**Total funds**
**2024**
**£**
896,652
199,095
(2,856)|
|---|---|---|---|
||||1,092,891|
||||**Total funds**
**2023**
**£**
817,431
170,563
(1,484)|
||||986,510|
## **17 Related party transactions**
There are no related party transactions to disclose.
Page 13