TRUSTEES, ANNUAL REPORT AND STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDED 31 MARCH 2025 FOR MUSLIM PATEL ASSOCIATION IBHARUCHI Charlty Numbèr.. 1189891 MUSLIM PATEL ASSOCIATION {BHARUCHI COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Report of the Trustees Report of the Independent Examiner Statement of FSnanclal Activitle5 Balance Sheet Notes to the Flnancial Statements Income and ExpenditUTe Detailed io MUSLIM PATEL ASSOCIATION IBHARUCHI COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 REPORT OFTHE TRUSTEES The trustees present thelr report with the financial statements of the charity for the year ènded 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting bv Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective I lanuory 20191. INCORPORATION The chailtable incorporated or8anlsatlon ICIOI was Incorporated on 11 lune 2020. OBJEcfivES AND ACTIVITIES Oblectlves and alm5 The Charitable Oblectlvès of the A55ocSatlon are: l. To promote the Islamic falth and In partlcular to provide facilities for salaat Iprayerl, Nlkkah Imarrlagesl, lanaazah Ifuneralsl, Eld Salaat. To support and develop the Madrassa IrelSBiOUS educatlon classes) In accordance with the Sunni Laws of Ahle-sunnat-wal-lammat (Deobundll 2. To promote the benefit of the inhabltants and primarily the Muslim inhabitants of the London Borough of Newham Ihereinafter called- The Area of 8enefill without distinction of race or of political or other opinions by assoclatlng tO8ether the said Inhabitants and the local authorilles. voluntary and other or8anisation5 in a common effort lo.. To advance the lslamit rell8lon for the beneflt of the public In accordance wlth the statements of bellef appearing in the schedule To advance the education of the said inhabitants To promote and pracllce the concept of cohesive and integrated soclety amon8St all communltles To provide facilities for reli8ious worshlp, recreation or other lelsure tlme occupalion for the sald inhabltanls In the interest ot soclal welfare wlth the object of Improvlng thelr conditions of Ilfe 3. To promote such other charitable purposes as may from tlrne to time be determlned. Publlc beneflt The trustees conflrm that they have complled with the duty Sn sectlon 4 of the Charltles Act 2011 to have due regard to public benefit guidance published by the Commission in determinin8 the activities undertaken by the Charity. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity governlnÈ documents Is a CIO Foundatlon model constltutlon re8lstered wlth the charity commisslon on 11 June 2020. The charity 15 controlled by its 8overnin8 document, a deed of trust, and constitutes a Charitable Incorporated OrBanisation ICIOI a5 defined by Charitie5 Act 2011. Recrultment and appolntment of new trustees The existing trustees are responsible forthe recruitment of new trustees. In selecting new trustees. we seek to identify people who are committed individuals whose views are aligned to the charity's vtsion in addltlon to belng able to offer relevant skllls and experience. MUSLIM PATEL ASSOCIATION IBHARUCHI COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Potential trustees are invf(ed to attend tru5tees' meetings to meet the trustees and have an informal Interview and are given more details about the charity's alms and activities and, if all aBree, they are then proposed as new trustees as the subsequent tru5tees' meeting. This process allows due Consideration of the person's eliEibility, personal competence, specialist knowledgè and 5kill5. REFERENCE AND ADMINISTRATIVE DEfAILS Charlty Registration Number 1189891 Trustees Yusuf Ibrahim Val Gulamahmed 15ap Sheth Ismail Patel Vali Patel Nazir Mohammed Munshi Yakub Ahmed Patel Iqbal Bachcha Yusuf Mohmed P3tel Yakub Mohamed Vall Re8i5tered Address Masjid Ul Hldaya 2a Church Road London E12 6AQ Independent Examiner Shouab DeputyACCAA 123 Fourth Avenue London E12 6DP roval: This report was approved by order of the boaid of trustees on the .... signed on their behalf by.. and was Yusuf Ibrahim Vall Independent Examlnerfs Report to the Trustee5 of Muslim Patel Association IBharuch} Independent examiner's report to the trustees of Muslim Patel Assoclatlon (Bharuchl I report to the charity trustees on my examination of the accounts of Muslim Patel ￿SocIatIon IBharuchl (the Trustl for the year ended 31 March 2025. Responsibilities and ba515 of report As the charity trustee5 of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying Out my examination I have followed all applicable Direction5 given by the Charity Commisslon under Section 14Sl5llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Tnjst as required by Section 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements ¢oncernin8 the form and content of accounts set out in the Charities (Accounts aftd Reports) Regulations 2008 othèr than any requirement that the aecounts give a true and fair view which is not a rnaller considered as part of an independent examination. I have no concerns and havè come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shouab Dep ACCA 123 Fourth Avenue Manor Park London E12 6DP Date.. MUSLIM PATEL ASSOCIATION IBHARUCHI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Total Funds 31-03-2024 Irestatedl Unrestrlrted Funds 31-03-2025 Notes INCOMING RESOURCES Incomlng Rtsources from Donations and Legaciès 123.455 126,896 RESOURCES EXPENDED Expendlture on Charitable ActNlties 87.081 79,589 Net in¢omin8lloutgoingl resources 36,374 47,307 Funds Brought Forward 1,468,232 1,420,925 Funds Carried Forward 1.504.606 1,468,232 MUSLIM PATEL ASSOCIATION IBHARUCHI BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Note5 Total Funds 31-03-2024 Irestatedl Unre5trirted Funds 31-03-2025 FIXED ASSErs: Tangible Assets 1,21K),000 1,200,000 CURRENT ASSETS: Debtors Cash at 8ank and in Hand 194 306,212 306.406 274.874 274,874 CURRENT LIABILITIES: Credltors: Fallln8 due wlthin one year 11.8001 16,6421 NETCURRENT ASSETS 304,606 268,232 NET ASSErs 1.504.606 1,468,232 FUNDS: Unrestricted Funds TOTAL FUNDS 1.504,606 1,504,606 1,468,232 1,468,232 Thefi ents We￿ approved by the Board of Trustee5 and authorlsed for155ue on and were slgned on its behalf bv.. Yusuf Ibrohlm Vall MUSLIM PATEL ASSOCIATION (8HARUCHI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POUCIES Basis of preparation of accounts The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charitles preparing their accounts In accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and RepLtrblic of Ireland, and the Charities Act 2011. The financial Statements have been prepared under the historical cost convention. The principal accountlng policies applied in the preparation of these financial statèments a￿ set out below. Statutory Information Muslim Patel A550Clation IBharuchl is a charitable incorporated organisation ICIOI registered with Charity Commission in England and Wales. The registered officè address can be found at the information page. Gorng tontern The financial statements have been prepared on a Boing concern basis as the Trustees anticipate no material uncertainties exist 80in8 foward. and that the expected level of income will 5UPPOrt all expenditure for twelve months from the date of authorising these financial statements. Income All incomin8 resources are included on the Statement of Financial Activities when charity 15 legallv entitled to the income after any performance conditions have been met, the amount can be measurèd reliably and it is probable that the income will be recelved. Expenditure All expenditure is accounled for on an cash basi5 Within the Statement of Flnancial Activities, and has been classified under headings thèt aggregate all costs related to the category. Expenditure is recognised once there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Where costs cannot bè directly attributed to the headin8S, they have bèen allocated to activities on a basis consistent with the use of resources. Tangible Fixed Assèts and Depreclation No depreciation was charged in the year on the property as the residual value is greater than costs. Fund Accounting Unrestricted funds can be used in accordance with the charitable objective at the discretion of the Trustees. Restricted funds can only be used for the particular purposes within the objective5 of the charity. Re5triLtions arise when specified by the donor or when funds are raised for particular purposes. Further explanatlon of the nature and purpose of each fund is included in the notes io the financial statements. Debtors Basic financial a55ets, includlng trade and other debtor5, are initially recognised at transaction price, unless the arrangement constitutes a fillancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such MUSLIM PATEL ASSOCIATION IBHARUCHI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 assets are Subsequent￿ tarried at amortised cost using the effectNe interest method, less any Impairment. Credltors Baslc flnanclal Ilabllftles, Includlng trade and other credltors, loans from third partles and loans from related parties. are Initlally recognised at transaction price. unless thè arran8ement constitutes a fSnancin8 transaction, where debt instrument Is measured at the present value of the future payrnents discounted at the market rate of Interest. Such Instruments are subsequently carried at amort15ed cost usin8 the effective interest method, less any impairment. Taxatlon The charity is exempt from tax on Sts charltable actlvities. ONATI NSAN LEGACIES 3110312025 3110312024 Donatlons Madre5sa fees 55,057 61,254 S.144 123.455 54,434 64,416 8.046 126.896 TABLE A IVITIE 3110312025 3110312024 Charltable adlvltie5 87,081 79,589 TRUSTEE MUNERATION AN BENEFI There were no trustees, remuneration or beneflts for the year ended 31 March 2025 nor for the vear ended 31 March 2024. ens There were no trustees, expense5 pald for the year ended 31 March 2025 nor for the year ended 31 March 2024. AFF COST Wages and salaries Sn¢lude salary paid to both employees who provided dlrect charitable service and those who were involved in the management of the charity. 3V0312025 3110312024 Wages and salaries 66.192 66,192 46,401 46.401 MUSLIM PATEL ASSOCIATION IBHARUCHI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The average nunyber of employees during the year wa5 as follows. 3V0312025 3110312024 Staff No employees re¢eived emoluments in excess of £EL),OC TANGIBLE FIXED ASSErs Freehold Property Total Cost: At l April 2024 and 31 March 2025 1.200.000 1,200,CKJO Net Book Value: At 31 March 2025 I,2(￿•,000 1,200,000 At 31 March 2024 1,200,000 1,200.000 DEBTORS 3110312025 3110312024 Debtor 194 194 CREDITORS.. Amount fallin due withln one ear 3ty0312024 Irestatedl 3110312025 Taxation and social security Other treditor5 235 6.407 1.8rxi 6,407 MUSLIM PATEL ASSOCIATION IBHARUCHI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS Net movement In unrestrlcted funds. included in the above are as follows-. Total 3V0312025 Total 3110312024 Irestatedl Start of the year 1.468,232 1,420.925 Net movement in funds 36,374 47,307 End of the year 1.5¢14,606 1.468.232 io. KEY MANAGEMENT PERSONNEL Key management personnel comprise of the Board of Trustees. ii. RELATED PARTY TRANSACTIONS There were no related party transactions for the year ended 31 March 2025. ii. PRIOR YEAR ADJUSTMENTS A bank balanc& was included on the Balance Sheet for the year ended 31 March 2024. As the account was closed in October 2021, the balan￿ has been restated and an adjustment has been made to reserves. An creditor wa5 not included on the Balance Sheet for the year ended 31 March 2024. The balance has been iestated and an adjustment has been made to reserves. MUSLIM PATEL ASSOCIATION IBHARUCHI DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 3110312025 3110312024 INCOMING RESOURCES Donations and Legacies Donations Madressa fees 55,057 61,254 5,144 123.455 54,434 64,416 8,046 126,896 RESOURCES EXPENDED Charitsble Activities Wages Rates and water Light and heat Telephone Casual wagès Books and other materials Events and prizes Insurance and Ilcenses Computer costs Repair5 and renewals Accountancy Fees Total Resource5 Expended 66,192 io 8,501 617 46,401 50 9,041 1.324 11,370 1,961 1,950 4,910 72 3.985 1,800 87,081 5,092 79,589 SURPLUS OF INCOME OVER EXPENDITURE 36,374 47,307 io