Company registration number: 12401406 Charity registration number: 1191112
Old Trafford Muslim Society
(A company limited by guarantee)
Trustees' Report and Financial Statements
for the Year Ended 31 March 2024
Old Trafford Muslim Society
Trustees' Report and Financial Statements for the Year Ended 31 March 2024
Contents
| Contents | |
|---|---|
| Page | |
| Reference and Administrative details | 1 |
| Trustees' report | 2 o 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
Old Trafford Muslim Society
Trustees' Report and Financial Statements for the Year Ended 31 March 2024
Company Information
Trustees Chairperson/ Trustee Imtiaz Mohammed Nagdee Treasurer Usama Hashim Bharucha Trustee Farid Ahmed Timol Trustee Mohammed Feroz Chunara Trustee Nazier Nagdee Trustee Yousuf Ismail Akujee Trustee Hashim Ahmed Bharucha Trustee Ismail Yusuf Nagdi Trustee Usama Hashim Bharucha Company Secretary Mohamed Timol Registered Office 87 Stamford Street Old Trafford Manchester M16 9JE Company Registration Number 12401406 Charity Registration 14 January 2020 Charity Number 1191112 Independent Examiner Zubair A Chaudhary Rain Gaskell Limited Chartered Certified Accountants 1024 Stockport road Manchester M19 3WX Bankers Barclays Bank plc
Page 1
Old Trafford Muslim Society
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the period ended 31 March 2024.
Objectives and activities
Objects and aims
The principal activities of the company are to provide or assist in the provision of facilities to support the local muslim community in following its Religious obligaions, as well providiing support to teach and educate the local community on Islamic teachings.
At Old Trafford Muslim Society we provide faclities to support a place of worship and educational classes to learn and understand the the Islamic Religion.
Activities include social events, educational classes, speaches an social care support for the community. As well supporting activities for needy charities around the world.
Objectives, strategies and activities
Our members are local Muslims. All our activities are targeted for the muslim community and regularly well attended.
Public benefit
Our comprehensive range of activities and services is our number one priority. We have developed our services over the years to meet the changing needs of the ever growing Old Trafford Muslim community.
We Provide:-
-
A Place of Worship
-
Evening Classes to teach the the community on Islamic requirements.
-
Support charitable organisations around the world.
-
Support for community issues.
-
Support Social Care requirements for the elders.
-
Events to help community cohesion.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Old Trafford Muslim Society
Trustees' Report
Structure, governance and management
Nature of governing document
The Memorandum and Articles of Association are the governing documents for Old Trafford Muslim Society, both as a company and as a charity.
Recruitment and appointment of trustees
The directors of the company are also the charity trustees for the purpose of charity law. Under the company's articles of association they are referred to as the "Trustee Board". Trustees are elected for three years at Annual General Meeting. The criteria, eligibility criteria and restrictions for the elections are as per the Articles of Association of the company.
Our trustees are recruited through agreed procedure as stated in our Articles of Association. All relevant information is stated under the clause of "Management Committee".
Old Trafford Muslim Society is a members organisation and we have no agreed clause to allow any external body to appoint trustees. The procedure to remove or for resignation of trustees, is stated in Article 40 of the Articles of Association.
We have no induction package and Committee Day targeted to explain our policies and procedures for newly appointed trustees. There is no specific training planned for trustees, however they are entitled to identify training to improve their performance.
Organisational structure
Old Trafford Muslim Society is governed by its trustee board which is responsible for setting the strategic direction of the organisation and the policy of the charity.
The trustees carry the ultimate responsibility for the conduct of Old Trafford Muslim Society and for ensuring that the charity satisfies its legal and contractual obligations.
The trustees meet several times during the year and delegate the day to day operations to senior management. The trustee board is independent from management.
Financial review
Policy on reserves
We have agreed a reserve policy to honour redundancies and other unexpected legal costs. Our target is to have six months running cost as a reserve and are working on the necessary resources to enable us to achieve our reserves policy in the future.
Principal funding sources
The trustees extend their gratitude to Local Muslim Community who have continued to support the operating capacity of the charity. Old Trafford Muslim Society did not have any borrowings from either providers of funding or other sources at 31 March 2024.
Old Trafford Muslim Society aims to continually improve access to its services.
We have ongoing consultations with our service users through monthly Service Users Forum meetings to seek members' views, opinions and criticism about our services.
Management committee members meet and review services monthly through committee meetings. Memebers will be held annually where all are invited to look at the services and management of the projects. There are three trustees appointed at present and the charity actively reviews the structure and where its deemed necessary to appoint addtional trustees this will follow a due deligence process for adding additional trustees as required.
Page 3
Old Trafford Muslim Society
Trustees' Report
Relationships with related parties
Major risks and management of those risks
Major Risks
Old Trafford Muslim Society has worked on a corporate risk management exercise. A risk management strategy and risk register were agreed by the trustee board. The trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To that end Old Trafford Muslim Society is continually monitoring and managing its risk, reviewing the corporate risk register and ensuring action plans are in place to mitigate its key risks.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Imtiaz Mohammed Nagdee Chairperson/ Trustee ......................................... Usama Hashim Bharucha Treasurer
Page 4
Old Trafford Muslim Society
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Asian Elders Resource Centre for the purposes of company law) 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.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK 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 charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on ....................and signed on its behalf by:
......................................... Imtiaz Mohammed Nagdee Chairperson/ Trustee
.........................................
Usama Hashim Bharucha Treasurer Trustee
Page 5
Old Trafford Muslim Society
Independent Examiner's Report to the trustees of Old Trafford Muslim Society
I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 3 to 5 .
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees 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.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that 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 limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by 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.
Zubair A Chaudhary Chartered Certified Accountants
1024 Stockport road Manchester M19 3WX
Date:.............................
Page 2
Old Trafford Muslim Society
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account )
| Note Income Resources from: Generated Funds 3.1 Charitable Activities 3.2 Total Incoming Resources Resources Expended on: Charitable Activities 4 Governance costs 5 Total Resources Expended Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 8 |
Unrestricted funds £ 234,416 - |
Restricted funds £ - - |
Total 2024 £ 234,416 - |
Total 2023 £ 241,303 - |
|---|---|---|---|---|
| 234,416 | - | 234,416 | 241,303 | |
| 249,474 - |
- - |
249,474 - |
235,951 - |
|
| 249,474 | - | 249,474 | 235,951 | |
| (15,058) 356,716 |
- - |
(15,058) 356,716 |
5,351 351,365 |
|
| 341,658 | - | 341,658 | 356,716 |
Page 7
Old Trafford Muslim Society
Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 6 Current assets Debtors - Cash at bank and in hand 7 Net current assets Net assets Funds of the charity: Restricted funds Unrestricted income funds Amenity Fund General Fund Total funds Creditors: Amounts falling due within one year |
- 32,563 |
2024 £ 331,931 9,727 |
- 58,262 |
2023 £ 306,560 50,156 |
|---|---|---|---|---|
| 32,563 22,836 |
58,262 8,106 |
|||
| - 341,658 |
- 356,716 |
|||
| 341,658 | 356,716 | |||
| - 341,658 |
- 356,716 |
|||
| 341,658 | 356,716 |
For the year ending 31/03/2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to sall companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisons applicable to companies subject to the smal companies regime.
The financial statements on pages 3 to 5 were approved by the trustees, and authorised for issue on
.................... and signed on their behalf by:
......................................... Imtiaz Mohammed Nagdee Chairperson/ Trustee
......................................... Usama Hashim Bharucha Treasurer
The notes on page 3 to 5 form an integral part of these financial statements
Page 3
Old Trafford Muslim Society
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
2 Accounting policies
2.1 Accounting Conventions
The financial statements are prepared under historical cost convention.
The company consistently applied all relevant accounting standards and prepares its financial statements in accordance with the requirements of the Companies Act 2006 and The Statement of Recommended Practice (SORP) - " Accounting and Reporting by Charities" issued in March 2005 and revised in May 2008.
The company has taken advantage of the exemption in FRS 1 from the requirements to produce a cashflow statement because it is small.
2.2 Incoming Resources
Incoming Resources represent the total income receivable for the year of both grant income for the year of both grant income from local authority and related grant providers and of receipts for activities provided. Grant monies received in advance are treated as deferred income.
2.3 Direct Charitable Expenditure
Direct charitable expenditure is recorded as the liability is incurred. Expenditure on specific projects is recorded as project expenditure and is expenditure of restricted funds. Expenditure in respect of the general activities of the charity is expenditure of unrestricted funds.
2.4 Governance Costs
All compliance costs in respect of the constitutional and statutory requirements under the Companies Act 2011 are charged under this heading.
2.5 Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:-
-
Leasehold properties Straight line over the life of the lease
-
Fixtures, fittings and equipment 25% - Reducing balance
Page 4
Old Trafford Muslim Society
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Incoming Resources from:
| Note 3.1 Generated Funds; Lillah Saddaqah Fitra Others Kafan Donation Iftar Property Under standing islam Zakat Nikaah Janaza Project Madressa Fees Interest received 4 Cost of Charitable Activities Note 4.1 Direct Costs Wages and national insurance Pensions Contactless machine charges/ set up cost Coffins Chariatable donations Pitch Hire 4.2 Support Costs #REF! TOTAL CHARITABLE ACTIVITIES |
Unrestricted funds General £ 71,725 200 - 4,750 - 3,835 - 29,454 - 450 - 1,850 121,891 262 |
Restricted funds General £ - - - - - - - - - - - - - - |
Total 2024 £ 71,725 200 - 4,750 - 3,835 - 29,454 - 450 - 1,850 121,891 262 |
Total 2023 £ 26,623 385 12,540 1,821 1,708 64,497 11,219 1,050 160 102 918 - 120,228 52 |
|---|---|---|---|---|
| 234,416 | - | 234,416 | 241,303 | |
| Unrestricted funds General £ 149,374 2,352 - 440 58,954 100 |
Restricted funds General £ - - - - - - |
Total 2024 £ 149,374 2,352 - 440 58,954 100 |
Total 2023 £ 143,243 2,352 - 6,217 36,520 310 |
|
| 211,219 | - | 211,219 | 188,642 | |
| 38,255 | - | 38,255 | 47,310 | |
| 249,474 | - | 249,474 | 235,951 |
Page 10
Old Trafford Muslim Society
Notes to the Financial Statements for the Year Ended 31 March 2024
4.2 Cost of Charitable Activities
| Note 4.2.1 Establishment Costs Heat and light Water Insurance Cleaning Repairs 4.2.2 Administrative Costs Printing, stationery and advertising Telephone Subscriptions Sundry expenses Business marketing project 4.2.3 Professional and Financial Costs Legal and professional fees Accountancy fees Bank charges 4.2.4 Depreciation and Amortisation Fixtures and fittings Total Support Costs |
Unrestricted funds General £ 14,269 6,305 2,525 860 3,035 |
Restricted funds General £ - - - - - |
Total 2024 £ 14,269 6,305 2,525 860 3,035 |
Total 2023 £ 17,949 6,548 2,321 9,055 - |
|---|---|---|---|---|
| 26,994 | - | 26,994 | 35,873 | |
| 5,149 1,040 844 730 - |
- - - - - |
5,149 1,040 844 730 - |
6,382 1,203 324 - - |
|
| 7,764 | - | 7,764 | 7,908 | |
| 69 2,130 461 |
- - - |
69 2,130 461 |
276 1,200 935 |
|
| 2,660 | - | 2,660 | 2,411 | |
| 838 | - | 838 | 1,118 | |
| 838 | - | 838 | 1,118 | |
| 38,255 | - | 38,255 | 47,310 |
Page 11
Old Trafford Muslim Society
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Related Parties
Remuneration paid to trustees during the year 2024 £NIL 2023 £NIL
6 Tangible Fixed Assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Land and buildings £ 303,208 26,209 |
Fixtures , fittings and equipment £ 5,955 - |
Motor vehicles £ - - |
Total £ 309,163 26,209 |
|---|---|---|---|---|
| 329,417 | 5,955 | - | 335,372 | |
| - | 838 | - | 838 | |
| - | 3,441 | - | 3,441 | |
| 329,417 | 2,515 | - | 331,931 | |
| 303,208 | 3,353 | - | 306,560 |
7 Creditors: amounts falling due within one year
| Other creditors Accruals Social security costs Pension fund |
2024 £ 7,523 1,140 13,978 196 |
2023 £ 202 780 6,928 196 |
|---|---|---|
| 22,836 | 8,106 |
Page 5
Old Trafford Muslim Society
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Funds
| Unrestricted funds General 0 General Fund Restricted funds 0 Total funds |
Balance at 1 April 2023 £ - 356,716 |
Incoming resources £ - (15,058) |
Balance at 31 March 2024 £ - 341,658 |
|---|---|---|---|
| 356,716 - |
(15,058) - |
341,658 - |
|
| 356,716 | (15,058) | 341,658 |
Page 13