2023-12-31-accounts - Madrassah Gareeb Nawaz & Mosque

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Registered number 1191671

MADRASSAH GAREEB NAWAZ & MOSQUE

Receipt and Payment Accounts

31 December 2023

MADRASSAH GAREEB NAWAZ & MOSQUE Accountants' Report

Accountants' report to the directors of MADRASSAH GAREEB NAWAZ & MOSQUE

I report on the accounts of the Trust for the year ended 31 December 2016

The charity's trustees are responsiblefor preparation of the accounts. The charity's 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.

It is my responsibility to:

1) examine the accounts under section 145 of the 2011 Act

2) 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

3) 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 130 of the 2011 Act; and

to prepare accounts which accord with the accounting records and compy with the accounting requirements of the 2011 Act 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.

ADG ACCOUNTANTS Accountants

YORK HOUSE 249 MANNINGHAM LANE BRADFORD WEST YORKSHIRE BD8 7ER

16 May 2024

MADRASSAH GAREEB NAWAZ & MOSQUE Receipts and Payment Account for the year ended 31 December 2023

Notes Receipts Administrative expenses Operating (deficit) surplus (Deficit)surplus on ordinory activities Retained (deficit) surplus for the period	2023 £ 89,193 (1,350) 87,843 87,843 87,843	2022 £ 70,493 (125) 70,368 70,368 70,368

MADRASSAH GAREEB NAWAZ & MOSQUE Statement of Assets and Liabilities as at 31 December 2023

Notes Fixed assets Tangible assets 2 Current assets Debtors 3 Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets The funds of the charity: Surples and Deficite account 5 Shareholders' funds	2023 £ 436,443 7,577 120,511 128,088 (2,826) 125,262 561,705 561,705 561,705	2022 £ 425,973 7,337 41,803 49,140 (1,251) 47,889 473,862 473,862 473,862

MR MAKSUD HUSAIN MUSA BHAI HASAN JAMSA Director Approved by the board on 16 May 2024

MADRASSAH GAREEB NAWAZ & MOSQUE Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% Reduceing Balance Motor vehicles 25% straight line

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

MADRASSAH GAREEB NAWAZ & MOSQUE

Notes to the Accounts

for the year ended 31 December 2023

2 Tangible fixed assets

Cost At 1 January 2023 Additions At 31 December 2023 Depreciation At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 3 Debtors Other debtors 4 Creditors: amounts falling due within one year Other creditors 5 Profit and loss account At 1 January 2023 Profit for the year At 31 December 2023	2023 £ 7,577 2023 £ 2,826 2023 £ 473,862 87,843 561,705	Land and buildings £ 425,973 10,470 436,443 - 436,443 425,973 2022 £ 7,337 2022 £ 1,251

MADRASSAH GAREEB NAWAZ & MOSQUE Detailed profit and loss account for the year ended 31 December 2023

Receipts Administrative expenses Operating profit Profit before tax	2023 £ 89,193 (1,350) 87,843 87,843	2022 £ 70,493 (125) 70,368 70,368

MADRASSAH GAREEB NAWAZ & MOSQUE

Detailed profit and loss account for the year ended 31 December 2023

Sales Receipts Administrative expenses Premises costs: Light and heat General administrative expenses: Stationery and printing Bank charges Legal and professional costs: Accountancy fees	2023 £ 89,193 600 600 - - - 750 750 1,350	2022 £ 70,493 - - 100 25 125 - - 125