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2023-12-31-accounts

Registered Charity Number :- 1191497

MASJID IBRAHEEM a Charitable Incorporated Organisation

AND FINANCIAL STATEMENTS

FOR THE YEAR END 31 December 2023

Masjid Ibraheem 79 ETRURIA VALE ROAD

STOKE-ON-TRENT

MASJID IBRAHEEM

FOR THE YEAR ENDED 31 December 2023

CONTENTS

TRUSTEES' REPORT....................................................................................................................................................... 3 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 5 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7

2

MASJID IBRAHEEM

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 December 2023

TRUSTEES' REPORT

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

Masjid Ibraheem is a Charitable Incorporated Organisation (CIO) governed by its constitution adopted on 28 September 2020.

Method of appointment and decision making

New trustees are appointed by the existing board of trustees and are provided with a comprehensive briefing on their legal responsibilities under charity law, the charity's constitution, and its recent performance and activities

Organisational structure and decision making

The charity is managed by a board of trustees, who oversee its daily operations. All key decisions are made collectively during board meetings, which are held regularly throughout the year.

Risk management

The trustees have carefully evaluated the major risks facing the charity and are confident that appropriate systems and procedures are in place to effectively mitigate these risks.

OBJECTIVE AND ACTIVITIES

Summary of objectives

  1. To advance the understanding and practice of Islam within the Stoke-on-Trent community.

  2. To provide and maintain a mosque for public benefit.

  3. To facilitate congregational prayers and religious services.

  4. To support and promote other religious activities in line with Islamic teachings.

Activities for achieving objectives

Masjid Ibraheem facilitates the regular establishment of daily and Friday prayers, as well as special prayers such as Taraweeh during Ramadan, Eid prayers, and funeral services. The mosque also provides religious education for children and hosts various religious events throughout the year, supporting the spiritual growth of the community.

Public benefit

nefit. In

conducting this review, the trustees take into account the Charity Commission's general guidance on public benefit.

3

MASJID IBRAHEEM

FOR THE YEAR ENDED 31 December 2023

TRUSTEES' REPORT

Achievements and Performance

Masjid Ibraheem has successfully facilitated the regular establishment of daily and Friday prayers, fulfilling its commitment to advancing Islamic practice within the community. During the month of Ramadan, Taraweeh prayers were held, and both Eid prayers and funeral services were conducted as part of the mosque's religious offerings. Additionally, the charity has continued to provide religious education for children, contributing to the spiritual development of the younger generation. Throughout the year, Masjid Ibraheem has remained active in supporting the community through various religious activities and events.

Financial Review

Reserves policy

ng the

community effectively.

Principle funding

During the year, the charity raised a total of £44,589, entirely from voluntary donations contributed by the public

Plans for the Future

cation

the community.

Statement of Trustees' Responsibilities

Under charity law, the trustees are responsible for preparing financial statements for each financial year that present a true and fair required to:

- Select suitable accounting policies and apply them consistently.

- Make judgements and estimates that are reasonable and prudent.

- State whether applicable accounting standards and the Statement of Recommended Practice (SORP) have been followed, with any departures disclosed and explained in the financial statements.

- Prepare the financial statements on a going concern basis , unless it is inappropriate to assume that the charity will continue its operations.

ties

4

MASJID IBRAHEEM

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 December 2023

Recommended categories by
activity
Notes
Income and endowments
from:
Donations and legacies
2
Total
Expenditure on:
Charitable activities
3
Other
5
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
Total Funds 2023
£
Total Funds 2022
£
44,589.14
44,589.14
49,298.03
44,589.14
44,589.14
49,298.03
32,583.64
32,583.64
18,559.28
11,434.80
11,434.80
-
44,018.44
44,018.44
18,559.28
570.70
570.70
30,738.75
570.70
570.70
30,738.75
190,163.62
190,163.62
159,424.87
190,734.32
190,734.32
190,163.62

5

MASJID IBRAHEEM

BALANCE SHEET

FOR THE YEAR ENDED 31 December 2023

Recommended categories by
activity
Notes
Fixed assets
Tangible assets
6
Total fixed assets
Current assets
Debtors
7
Cash at bank and in hand
8
Total current assets
Creditors: amounts falling due
within one year
9
Net current
assets/(liabilities)
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
10
Restricted income funds
10
Endowment funds
10
Total funds		 Unrestricted funds
£
Total Funds 2023
£
Total Funds 2022
£
176,296.04
176,296.04
181,960.84
176,296.04
176,296.04
181,960.84
1,099.31
1,099.31
-
16,502.46
16,502.46
11,376.77
17,601.77
17,601.77
11,376.77
3,163.49
3,163.49
3,173.99
14,438.28
14,438.28
8,202.78
190,734.32
190,734.32
190,163.62
190,734.32
190,734.32
190,163.62
-
-
-
-
190,734.32
190,734.32
190,163.62

The financial statements were approved by the Board on 25-Sep-2024 and signed on its behalf by:

Belaal Ahmed Trustee

6

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

1 Accounting Policies

1.1 Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.2 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

Recommended Practice applicable to charities preparing their accounts in accordance with the Financial - Reporting Standard applicable in the UK and Rep (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.3 Going concern

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

2 Income from Donations and Legacies

Analysis
Donation and gifts		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
44,589.14
-
-
44,589.14
49,298.03
44,589.14
-
-
44,589.14
49,298.03

7

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

3 Expenditure on Charitable Activities

Analysis
Interest payable
Legal/professional fees
Wages and salaries
Staff costs
Charity management &
administration
Charity running cost
Cost of services
Donations
Printing and stationery
Support Costs		 Total funds 2023
Total funds 2022
£
£
-
161.38
-
480.00
8,965.00
13,046.68
7,400.00
-
104.98
-
9,779.73
2,394.24
1,095.00
-
560.00
-
4,486.93
1,582.48
192.00
894.50
32,583.64
18,559.28

4 Support Costs

Analysis
Governance Costs
Accountants fees		 Total funds 2023
Total
funds
2022
£
£
192.00 894.50
192.00 894.50

8

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

5 Other Expenditure

Analysis
Depreciation Charge
for the Year - Fixtures
& Fittings
Depreciation Charge
for the Year -
Computer Equipment		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
2023
Total funds
2022
£
£
£
£
£
11,265.80
-
-
11,265.80
-
169.00
-
-
169.00
-
11,434.80
-
-
11,434.80
-

9

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

6 Tangible Fixed Assets

6.1 Cost or valuation

----- Start of picture text -----
||||| |---|---|---|---| |Freehold Land &|Fixtures &|Computer| |Buildings|Fittings|Equipment| |£|£|£| |-| |At 01 January 2023|130,556.94|51,403.90| |Additions|-|4,925.00|845.00| |-|-|-| |Disposals| |Revaluations|-|-|-| |Transfers|-|-|-| |At 31 December| |130,556.94|56,328.90|845.00| |2023| |6.2 Amortisation and impairments| |Freehold Land &|Fixtures &|Computer| |Buildings|Fittings|Equipment| |£|£|£| |-|-|-| |At 01 January 2023| |Additions|-|11,265.80|169.00| |-|-|-| |Disposals| |Revaluations|-|-|-| |Transfers|-|-|-| |At 31 December| |-|11,265.80|169.00| |2023| |6.3 Net book value| |Freehold Land &|Fixtures &|Computer| |Buildings|Fittings|Equipment| |£|£|£| |-| |At 01 January 2023|130,556.94|51,403.90| |At 31 December| |130,556.94|45,063.10|676.00| |2023|

----- End of picture text -----

10

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

7 Debtors: Amounts falling due within one year

Other debtors Total funds 2023
Total funds 2022
£
£
1,099.31
-
1,099.31
-

8 Cash at bank and in hand

sh at bank and in hand
Total funds 2023 Total funds 2022
£ £
Cash at bank and on hand 16,502.46 11,376.77
16,502.46 11,376.77
editors: Amounts falling due within one year
Total funds 2023 Total funds 2022
£ £
Trade creditors 12.00 707.50
Accruals and deferred income 600.00 600.00
Other creditors 2,551.49 1,866.49
3,163.49 3,173.99

9 Creditors: Amounts falling due within one year

11

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

10 Charity funds

10.1 Details of material funds held and movements during the CURRENT reporting period

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Fund|Fund| |balances|Gains and|balances| |Income|Expenditure|Transfers| |Fund names|brought|losses|carried| |forward|forward| |£|£|£|£|£|£| |Unrestricted funds| |-|-| |190,163.62|44,589.14|(44,018.44)|190,734.32| |Total|190,163.62|44,589.14|(44,018.44)|-|-|190,734.32| |10.2 Details of material funds held and movements during the PREVIOUS reporting period| |Fund|Fund| |balances|Gains and|balances| |Income|Expenditure|Transfers| |Fund names|brought|losses|carried| |forward|forward| |£|£|£|£|£|£| |Unrestricted funds| |-|-| |159,424.87|49,298.03|(18,559.28)|190,163.62| |Total|159,424.87|49,298.03|(18,559.28)|-|-|190,163.62|

----- End of picture text -----

10.2 Details of material funds held and movements during the PREVIOUS reporting period

10.3 Transfers between funds This Year

Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds - Last Year Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds -

12

MASJID IBRAHEEM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2023

11 Transactions with trustees and related parties

11.1 Trustee remuneration and benefits

For the year ended 31 December 2023, trustee Belaal Ahmed received remuneration of £4,570 for services provided to the mosque in his role as Imam. This payment was approved by the board of trustees.

No other trustees received any remuneration or benefits from the charity during the year, and no reimbursements were made to any trustees for out-of-pocket expenses.

11.2 Trustees' expenses

11.3 Transaction(s) with related parties

For the year ended 31 December 2023, the following related party transactions occurred:

As all trustees are related to Mohammed Ilyas Ahmed and Shazia Bashir, the appointments and remunerations were were fair, reasonable, an integrity.

No other related party transactions occurred during the year.

13

Independent examiner's report on the accounts

Section A
Independent Examiner’s Report		 Section A
Independent Examiner’s Report
Report to the trustees Charity Name
MASJID IBRAHEEM
Charity Name
MASJID IBRAHEEM

Report to the trustees Charity Name MASJID IBRAHEEM On accounts for the year 31/12/2023 ended Set out on pages

Charity Name
MASJID IBRAHEEM
31/12/2023 Charity no
(if any)		 1191497
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023 DD / MM / YYYY .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed:
Name:
Relevant professional
qualification(s) or body		 25/09/2024
Mr. Muhammad Zamir
AIA

Oct 2018

1

IER

(if any):

Address: Linktax, 11A Snow Hill, Stoke on Trent, ST1 4LU

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

2

IER