Charity number: 1187467
Madinatul Uloom Al-Islamyah
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
Madinatul Uloom Al-Islamyah Contents Page For the year ended 31 March 2023
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
Madinatul Uloom Al-Islamyah Report of the Trustees
For the year ended 31 March 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The key objective of the charity is to advance the Muslim religion in Sandwell for the benefit of the public through the holding of prayer meetings, lectures, celebrate Eid festivals producing and/or distributing literature on Muslim faith to enlighten others about the Muslim religion.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Place of worship
The charity premises are being used as a Masjid and it provides other facilities for 5 daily prayers with the congregation.
Publications
The charity publishes and distributes informative and inspirational literature in the English language through means of the magazine. These cover topics which are pertinent to the audience, primarily the Muslim youth, pupils and parents of the madrasah.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Madinatul Uloom Al-Islamyah Charity registration number 1187467 Principal address Moor Street West Bromwich B70 7AU
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiner
Mr Shabud Ullah Mr Jabul Islam Chowdhury Mr Mohammad Abdul Kadir Mr Mohammed Ahad Uddin Mr Mohammed Mohibur Rahman Mr Mohammed Toslim Ali Mr Nanu Kazi Mohammed Miah Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG
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Madinatul Uloom Al-Islamyah Report of the Trustees Continued For the year ended 31 March 2023
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr Shabud Ullah
10 December 2023
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Madinatul Uloom Al-Islamyah Independent Examiners Report to the Trustees For the year ended 31 March 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable 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.
Muhammad Shahid
FCCA Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG
10 December 2023
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Madinatul Uloom Al-Islamyah Statement of Financial Activities For the year ended 31 March 2023
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Masjid & Community activity Total Expenditure on: Charitable activities 4/5 Masjid & Community activity Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 79,630 20,000 99,630 (42,200) (42,200) 57,430 645,878 703,308 |
2022 £ 77,734 20,000 |
|---|---|---|
| 97,734 | ||
| (87,173) | ||
| (87,173) | ||
| 10,561 635,317 |
||
| 645,878 |
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Madinatul Uloom Al-Islamyah Statement of Financial Position As at 31 March 2023
| Notes Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 11 Total funds |
£ 2023 556,914 556,914 147,485 147,485 (1,091) 146,394 703,308 703,308 703,308 703,308 |
£ 2022 483,100 |
|---|---|---|
| 483,100 | ||
| 167,191 | ||
| 167,191 | ||
| (4,413) 162,778 |
||
| 645,878 | ||
| 645,878 | ||
| 645,878 | ||
| 645,878 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Shabud Ullah Trustee 10 December 2023
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Madinatul Uloom Al-Islamyah Notes to the Financial Statements For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Madinatul Uloom Al-Islamyah 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 note(s).
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are those which are to be used as per specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
. Land and Buildings 2% Straight line Fixtures and Fittings 10% Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received |
2022 2023 £ £ 77,734 79,630 77,734 79,630 |
|---|---|
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Madinatul Uloom Al-Islamyah Notes to the Financial Statements Continued For the year ended 31 March 2023
3. Income from charitable activities
| Unrestricted funds Masjid & Community activity Income from charitable activities osts of charitable activities by fund type Unrestricted funds Masjid & Community activity Support costs osts of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Masjid & Community activity 4,861 37,339 nalysis of support costs Masjid & Community activity Admin and Management Governance costs |
2023 £ 20,000 2023 £ 37,339 4,861 42,200 2023 £ 42,200 2023 £ 4,231 630 4,861 |
2022 £ 20,000 2022 £ 85,397 1,776 |
|---|---|---|
| 87,173 | ||
| 2022 £ 87,173 2022 £ 1,146 630 |
||
| 1,776 |
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
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Madinatul Uloom Al-Islamyah Notes to the Financial Statements Continued For the year ended 31 March 2023
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Depreciation of owned fixed assets | 10,548 | 10,388 |
| Accountancy fees | 630 | 630 |
8. Staff costs and emoluments
Total staff costs for the year ended 31 March 2023 were:
| Salaries and wages Average number of staff |
2023 £ 4,954 4,954 2023 1 1 |
2022 £ 6,821 |
|---|---|---|
| 6,821 | ||
| 2022 1 |
||
| 1 |
9. Tangible fixed assets
| Cost or valuation At 01 April 2022 Additions At 31 March 2023 Depreciation At 01 April 2022 Charge for year At 31 March 2023 Net book values At 31 March 2023 At 31 March 2022 |
Land and Buildings £ 500,000 79,562 579,562 20,000 10,000 30,000 549,562 480,000 |
Fixtures and Fittings £ 3,875 4,800 8,675 775 548 1,323 7,352 3,100 |
Total £ 503,875 84,362 |
|---|---|---|---|
| 588,237 | |||
| 20,775 10,548 |
|||
| 31,323 | |||
| 556,914 | |||
| 483,100 |
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Madinatul Uloom Al-Islamyah Notes to the Financial Statements Continued For the year ended 31 March 2023
10. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2023 £ 232 229 630 1,091 |
2022 £ - 379 4,034 |
|---|---|---|
| 4,413 |
11. Movement in funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2022 | resources | resources | 31/03/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 645,878 | 99,630 | (42,200) | 703,308 |
| 645,878 | 99,630 | (42,200) | 703,308 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 635,317 | 97,734 | (87,173) | 645,878 |
| 635,317 | 97,734 | (87,173) | 645,878 |
12. Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 556,914 | 146,394 | 703,308 |
| 556,914 | 146,394 | 703,308 |
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Madinatul Uloom Al-Islamyah Notes to the Financial Statements Continued For the year ended 31 March 2023
| Previous year | |||
|---|---|---|---|
| Tangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 483,100 | 162,778 | 645,878 |
| 483,100 | 162,778 | 645,878 |
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