REGisfERED CHARITY NUMBER: 1189891 REPORT OF THE TRUSTEFS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR fUSLIM PATEL ASSOCIATION (BHARUCH) Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Ro Ilford IG2 6HY
MUSLIM PATEL ASSOCIATION (BHARUCH) CONTENTS OF THE FIY4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pagt Report of lhe Trn8lee4 ) to 3 Indepeodtnt Exmther's Report S¢¢tment of Flttin¢ll A¢tfvltle4 Balne¢ Sh¢¢¢ NotH ¢0 ¢b¢ FlJn¢l•l Ststernemts 7 to 11 Detslkd Statement of FID#tt¢ll A¢tlvltles 12
MUSLIM PATEL ASSOCIATION IBHARUCH) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Inee$ present their report with the financial stsTrments of the charity for the year ended 31 March 2024. The tnL8iees h&v¢ 0pted the provisions of Accouniing and Reporting by Charities: Statement of Reconunended Practice applicable to charilics preparing their accounts in accoTdance with th¢ Financial Reporting Siandard app]ile in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). INCORPORATTON The charitable incorFK)rated organisation (CIO) wa5 ln¢0Trnted on I lth June 2020. OWECTIVES AND AcfiviTIES Objeetivej And alms The Charitable Objectives of the Asso¢ialion are: l. To promote the Islamic faith and in perticular to provid¢ facilities for Jalaat (prayer), Nikkah {marriages), Janaazah (funerdls), Eid Salaai. To support and develop lh¢ Madrn8s& (religio ¢duc8tion classes) in accord¢ with the Sunni Laws of Ahle-SunJ)at-Wal-J8mmai (Deobundi) 2. To promote the benefit of the inhabitants and primarily the muslim inhabitants of the London Borough of Newham (hereinafter called- The Area of Ben¢fit) without distinction of race or of polit¢al or other opinions by associating together the said inhabitants and the loca] authorities. voluntary and other or8anisaiions ina common effort to: - To advance th¢ Islami¢ r¢ligion for the benefit of the public in arLordanrK with th¢ statements of belief appearing in the Khedule - To advaDC¢ th¢ ¢dallOn of the said inhabitants - To PTomote and prdctice the concepi of cohesive and inteI¢d society 8rnong518ll communities To provide fxilities for religious worship. re¢reation OT other leisure time o¢cupaiion for the said inhabitants in the inierest of Sla1 welfare with the object of improving theiT Conditions of life 3, To promote sh other charitAbl¢ pwJ03es as rnay from time to time b¢ det¢rniined. Publlc beDefit The Iruslees confirn1 that they have complied with the duty in se¢tion 4 of the Charities Act 2011 to have due regard to public benefit guidance published by Ihe Commission in del¢rniinin8 ihe aclivilies undertaken by the Charity. FINANCIAL REVIEW Flnnell posltloD Th¢ iotAI funding received in the Ftrtod amounted to £126.896 (2023.. £140.538). The primary sources of funding for the yeaT weTe fees earned from Madra5w Th¢ lotsl r¢s0u¢S ¢xpended were £79,589 (2023: £79278) in the y¢ar. This resulied to a surp1$ of £47,307 {2023.. £61260) in the year. Re5erve5 01 the end of the financial year eTrled 31 March 2024 were £1.473,969 (2023: £1.426,662 ). Page I
MUSLIM PATEL ASSOCIATION (BHARUCH) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 GovernlDg do¢ument The chaTity governing documents is a CIO Foundation M¢1 ¢onsititution registered with the charity Commission on I lth June 2020. The charity is controlled by its governing document. a d¢¢d of trusL constitutes a Charitable IncoTP)r8l¢d Organisatiou (CJO) as defthed by Charities Act 2011. R¢¢rnTlmtmt *nd #P1¢m¢t of new trustees The existing iruslees are responsible for the Tecrniiment of new trusttts. In selecting new trustees. we seek to identify people who are committed individuals whose views are alld to the charity's vision in addilion to being able lo offer relevant skills and experience. Potential Irustees are invited to attend tru5ttts' mtttings to meet the trustees and have an infornmi inter4iew and ar¢ given mor¢ details about the charitys aims and activffies and if all a8re< they are then PTowd as new trusttts as the subsequent tru3ttts' meeting. This process allows due co41d¢tIon of the person's eligibility. Frsonal comwence. spxialist knowledge and skills. REFERENCE AND ADMINisfRATIVE DETAIIS Reglster¢d Ch•rlty number 1189891 PriDclpal addres1 Masjid Ul Hidaya 2a Church Road London E126AQ TTU5tttJ l. N8zir Mohammed Munshi 2. Vali Patel 3. Yujuf Mohmed Patel 4. Gulamahmed Isap Sheth 5. Yakub MohAmed Vali 6. Yakub Ahmed Patel 7. Iqbal B4Ghcha 8. Yusuf Ibrahim Vali 9. Ismail Patel Independent Eumlner Anwer Patel BA (Hons) FCA BFP Prestons & Jacksons Partnership LLP 364- 368 Cronbrook Road Iirord Essex IG2 6HY Page 2
MUSLIM PATEL ASSOCTION (BHARUCH) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 AppToved by order of the of trusttts on. f.o <.tf...... and sigrKd on its behalf by: Truste¢ SVF l£f4triM YALI Page 3
INDEPENDENT EXAMIIYER'S REPORT TO THE TRUSTEES OF MUSLIM PATEL ASSOCIATION (BHARUCH) llldependtnt ¢AamlDer'g report to the trusttts of Muslim P*tel Auoeiation (Bh•rn¢h) I report to the charity tru$t¢es on my eXaMin10n of the accounts of Muslim Patel Association {Bharuch) {the Tru51) for the year ended 31 Mch 2024. Responsibilltks and b481s ofreprt A5 the charity trustees of the Trust you are resp)JL8ible for th¢ preparntion of the accounts in accordance with the requirements of the Charities Act 2011 (Ibe Acl?. I report in SpeCt of my examination of the TnS accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directio8 given by the Charily Commission under Section 145(5)(b) of the Act. IDdepeRdeot eumlner'$ statemen¢ I have completed my examination. I confirni thgi no mateTiaI matlers have come to my attention in connection with the examination giving me cause to believ¢ thai in any ma¢¢rial respect: accounting records were not kept in respect of the Trust as required by Se¢tion 130 of the Act. or the accowits do nol occord with ihose records. or the attounts do not comply with the applicable requirements conceming the fomi and eontent of a¢¢ountS set out in the Charities (Accounts and Rewrts) R¢gulation$ 2008 other than any requir¢menl that the accounts giv¢ a true and fair view which is not a matter nsIdered &$ part of an independent examination. I have no ¢on¢erns and have come across no other mall¢r5 in ¢tIon wilh the examination to which attention should be drawn in this rert in order enable a proper understanding of the accounts to be reached. Anwer Patel BA {Hons) FCA BFP Prestons & jkSOn5 PaT¢n¢rship LLP 364- 368 Cr8nbrook Road Ilford Essex IG2 6HY Dale., Pa8c 4
MUSLIM PATEL ASSOCIATION (BHARUCH) STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 MARCH 2024 31.324 31.3.23 Unr¢stri¢t¢d Total fund funds Nthes INCOME AND EIWOWMEI4TS FROM tX)natsons and legacies 126,896 140.538 EXPENDITURE ON Chrlt•bl¢ ¢tivltles CHARITABLE 79.589 79,278 NET INCOME 47J07 61.260 RECONCILIATION OF FUNDS Total funds brought forw4rd 1,426,662 I J65,402 TOTAL FUNDS CARtUED FORWARD IA73.969 1.426.662 The notes fo part of these financial statements Page 5
MUSLIM PATEL ASSOCIATION (BHARUCH) BALANCE SHEET 31 MARCH 21b24 31J.24 31.3.23 Unrestrict1 Total fund funds FIXED ASSETS Tangible assets i?00,000 1.200.000 CURRE]¥T A&SKTS Cash at bank and in hand 277,036 230.690 CREDITORS Amounls falling due wiihin one y¢ar (3,06T) (4.028) NET CURRENT ASSETS 273,969 226,662 TOTAL ASSETS LESS CURRENT LIABILITIES 1,473,969 ,426,662 NET ASSETS 1873,969 .426.662 FUNDS Unrestricted funds io 1.473,969 1,426,662 TOTAL FUNDS 1.473.969 1,426,662 The financial statements were approved by the Board of Trustees and &horISed for issue on 7. .4. .......... and W¢Te signed on its behalf by: ee yV F 16&4(triM VIL-I The notes fonn part of these fuwKial 51atements Page 6
MUSLIM PATEL ASSOCIATION (BHARUCH) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES B#sls •lpreprltt% tht fwiDcial ststements Th¢ financial stsl¢menls of the charity. which is a public benefit enlity under FRS 101 have been prepared in accordance with the Chorities SORP IFRS 102) 'A¢counting and Reporting by Charities: St&tement of Recomm¢nd¢d Practicc applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelarml IFRS 102) {effective l January 2019),, Financial Reporting StaThlard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland. and the Charities Act 2011. The financial statements have been pTepartd under the historical cost conventioJL Sl•tstory Informatio Muslim Patel Association (BhanKh) is a charitable incorporared organisation (CIO) registered with Charity Commission in England and Wales. The regtstered otTice address can be found al ihe infOrnll0n page. Going Collcern The Board of trustees confimi th thry have sutTicient income lo ix in opuation for the nexl twelve months. A3 a resuh. the accounts have been Frep&red on a going ¢oneem basis. Licome All incom¢ is r¢cognised in the Siaiemem of Financial Activiiies once the chartty has entiil¢m¢nt lo th¢ funds, it is pyobable ihAt the in¢ome will b¢ received 8nd Ihe amount can be measwed reli8bly. Exp¢Ddltur¢ Liabilities 8r¢ 01$¢d as expendiwre as S)n as there is a legal or conslruclive obligation committin8 the charity 10 that exFnditUTe. it is probable that a transfer of economic benefits will be r¢quir¢d in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that awegate 811 c05t related to the category. Where costs catUKt be directly attributed to particular h¢adin&s th¢y have been allocated to &ctivities on a b&sis consistent with the use of re50ur¢e5. TDglble llxed No Depreciation charged in the year on the proprtY the re5iduaJ value is greater ihan costs. Tutlon The charity is exempt from tsx on its charilable activities. FuDd twutttill¥ Unrestri¢t¢d funds be used in Cordae with ihe charilable objectives at the discretion of Ih¢ trustees. Restricted funds can only be for parti¢ular restricted purww within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted Further explanation of the nature and Purse of each fijnd is in¢luded ift the notss to the fina]81 statements. Page 7 continucd...
MUSLIM PATEL ASSOCIATION (BHARUCH) NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 31J24 31.3.23 tknnatioDS Madr4wa Fees Lillah Qurbani & Sadaq8 59,965 69.250 10.771 552 64,416 126W6 140.538 CHARABLE ACTIVTTIES cosrs Dlrect Costs Support costs Totsls CHAIUTABLE 72,OYI 7.492 79.589 TRUSTELS, REMUNERATION AND BENEFITS Th¢r¢ w¢rc no tnle¢s, r¢mun¢ration ol oth¢r beneffts for th¢ year ended 31 March 2024 nor for th¢ y¢ar ended 31 March 2023. TruJlee8' expens There weTe no trustres, expenses paid for the year ended 31 MaTch 2024 nor for the year ended 31 March 2023. STAFF cOs Jl.J24 31.3.23 Wages and salaries 4fj401 39,875 4&401 39,875 The average monthly number of employees during the year was &$ follows: 31.3.24 31.3.23 Charitable Activities No employees received emoluments in excess of £00,0. Page 8 continued...
MUSLIM PATEL ASSOCIATION IBHARUCH) NOTF3 TO THE FINANCIAL STATEMENTS - ¢ODlinued FOR THE YEAR ENDED 31 MARCH 2024 cOmPATIVEs FOR THE STATEMENT OF FINANCIAL A1V[TIL$ 31.3.23 Unreslricte fund INCOME AND EIYDOWMEI¥TS FROM Donations and legacies 140.538 EXPENDrruRE ON Chrltble a¢tivltle8 CHARITABLE 79.278 NET INCOME 61,260 RECONCIUATION OF FUNDS Totd funds brought forward 1.365.402 TOTAL FUNDS CARRIED FORWARD 1,426.662 KEY MAI¥AGEMENT PERSONNEL Key Mana8ement Pmonnel comprise of the Boayd of Trustees. TANGIBLE FIXED ASSETS Freehold property COST Ai l April 2023 and 31 Marth 2024 1,200,000 NET BOOK VALUE Ai 31 March 2024 I300,(0 At 31 March 2023 1200,000 Page 9 continued...
MUSLIM PATEL ASSOCIATION (BHARUCH) NIYfES TO THE FINANCIAL STATEMENTS. eontinned FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALiJNG DUE WHllN ONE YEAR 31.324 31.3.23 Taxation And swial 3¢¢wity Other creditors 23S 1832 179 3,849 3.•67 4,028 10. MOVEMENT IN FUNDS Net movemcnt in fLmds At 3113r24 Ai 114123 UDratrlcted fun O¢ncral fund 1,426,662 47J07 IA73.969 TOTAL FUNDS I,42662 47J07 1.473,969 Net movement in funds. included in th¢ ab)v¢ arc os follows: Inwmin8 Resourcu Movement resources expended in funds UDres¢rl¢ted funds General fund 126096 (79J89) 47J07 TOTAL IIUNDS 126896 {79J89) 47J07 ComparatlYeJ for mov¢weut th fujds Nct movement in fimd$ At 3113123 At 114r22 UMre•trleted funds Gen¢ra] fund 1.365.402 61.260 1.426.662 TOTAL FUNDS 1.365.402 61260 1,426.662 Pagc 10 continued...
MUSLIM PATEL ASSOCIATION (BHARUCH) NOTES TO THE FINANCLIL STATEMENTS. continned FOR THE YEAR ENDED 31 MARCH 2024 10. MOVEMENT IN FUNDS- ¢ODtinued Comparntive net movemert in funds, included in the Above are as follows: Incoming Resources Mov¢m¢nt resources expended in fimds Unrtttrkted funds General fund 140.538 (79,278) 61.260 TOTAL FUNDS 140,538 (79.278) 61.260 11. RELATED PARTY DISCLOSURES There were no Telated party transactions for the year ended 31 March 2024. Pagell
MUSLIM PATEL ASSOCtATION (BHARUCH) DETAILED sTATET OF FINANCIAL ACTivrriLS FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMEls Don4tlons •nd legcks Donatio% Madr&8sa Fees Lillah Qurbani & Sadaqa 54,434 (A,416 &046 59,965 69.250 10.771 552 126896 140,538 Total Ineomlmg reaourcu 126896 140.538 EXPENDITURE Charhblt acttvltlu Wages Raies and water Light and heat Telephone P05thge and stationery Sundries Casual Wages Books and Oiher M&eria]s Even15 and Prizes 4&401 50 9.041 lJ24 39.875 40 7.337 1.324 100 790 18.910 1.555 1.470 IlJ70 J,961 1,950 72.097 71,401 Suppor¢ ¢ts IDforn)*tlrM teehnolozy Repairs and r¢newals 5,092 5,577 Govern•n¢¢ ¢o•ts Independent Examiners Fees Other Professional C03ts ijoo 900 1,400 2,400 2,3iX) Total resourc eXd 79.589 79,278 Ntl fiM¢om¢ 47J07 61260 Thi5 Pa does not fomi part of th¢ statutory fllkgncial stat¢m¢nts Page 12