MAHMUD SABIR MASJID Charlty No. 1197269 Tnee$, Rewt and Un•udlted P£counts 31 December 2023
MAHMUD SABIR MASJID Contents Pa8e5 2103 Trustees, Annual Report Independent Examlnerfs Report Statement of Flnancial Act•vrties Balance Sheet Notes to the Accounts 7t013 Detalled Statement of Financial Aciivlt 14to15 Page I
MAHMUD SABIR MASJID Trustses Annual Report The tnjstees present their report wrth the unaudlted financial statement5 of the charty forthe year ended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1197269 Prlnclpal Offlce 1226 Wan¥lck Road Acocks green Blrmingham West Midlands B27 6PL Trust••s The followln8 trustee5 Served durln8 the year. Fer02 Toib Moharnmed Ahmed Mohammed Mlah Key M•n•gement Personnel Chalr Arytsuntants m0Mmed Ahmed Clark & Deen Taxpro Llmlted Sulte D, Benson House 98- 104 Lombar(I Sireet Birmln8ham 812 IIQR B•nk•r Barclays Bank LeISter LE87 288 OBJEcfivES AND AcrivmES The purpose of the charrty as set out In Its govemlng document Is to advance the lslambc falth for the benefft of the public mainty bLrt nol excluSNety In Blrn)ingham. Including holding prayer meetlngs, lertures, celebrallng releglou5 fe5tbvals, and organtslng and providS118 relii8ous learnin& spiritual 8uklance, pastoral care and prtKlucing or distributing Ilterature and about the Islamlc fahh. The main actNities undertaken In relat?Dn the objectives during the year We that of prov151on of relou5 5ervice5, advancement of ywth educatlon and actfvltles. rellevln8 poverty hcalty and worldwklei protectlng the envlronment and cornmunity devdopment projects to Impro¥ people's Ilves. NANCIAL REVIEW Durln8 the year to 31st t)ecember 2023. the Charity received £165,158 as donations, compared io previous year's £81,777. Page 2
MAHMUD WIR MASJID Trustres Annual Rewi St•tement of trustees, responsItIeS In relation to the fOnand•l statements The chartty trustees are responsib for preparin8 a trustees, annual report and financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accountlng Prartlcel. The trustees are responslble for keeplng proper accountirvd records that disclose wlth reasonable accuracy at any tlme the flnancial posltlon of the charlty and to enable them to ensure that the financial statements comply with the Charltie5 Acl 201L the applkable Charities (Accounts and Reports) Re8ulatSons, and the provisions of the Trust deed. The Trustees are ako responslble for safe8uardln8 the assets of the charrty and hence taklng reasonable steps forihe prevent and delectjon of fraud and other irregulailtle5. Sl8ned on behalf of the drIty5 trustees Mohammed Ahmed Trustee 30 October 2024 Page 3
MAHMUD SABIR MASJID Independent Examinets Rep Independent Examins Report to the trustees of MAHMUD &4BIR MAlD I report to the trustee5 on my examlnation of the Ilnandal statements of MAHMUD &4BIR MASJID for the year ended 31 December 2023. Rwonslbllltl¢s •nd basls of report As the ch8ritVs trustees you are re5pDn51ble for the pparat)n of ihe financial statements in accordance wlth the requlrements of the Charlties Act 20111'the Act'l. I report In re5pecl of my examlnatlon of the charity's financial statemerrts carried out under sectlon 145 of the 2011 Act and in carylng out my examlnatlon I have followed all the appllcable DIrettn$ 8lven by the Charlty Comm1551on under sertlon 145{5llbl of the Act. Indepondent examlnerfs sl•tefflefit I hwe completed my examlnatlon. I can confirni that no materlal matters have come to my attentlon In conneclion wilh the examlnatkjn givin8 me ouse to belleve that in any material respect: the accounting records Vre not kept In respect of the tharity as required by sectlon 130 of the Act; or the financlal statements do not accord wtth those records.. or • the flnanclal statements do not comply with the applkable requirements Concern1 the form and content of flnanclal statements set out In the Charttles (Accounts and Reportsl Regulatlons 2th)8 other than any requlrement that the flnandal statements glve a Irue and fall vlew whichls not a matter consldered as part of an Independent examlnatk>n. I have no concerns and have come across rbo other matters In connertk)n with the examlnatk>n to whkh attentlon Should be drawn In thls report In order to enable a proper under5t•ndlng of the flnanclal slalements I be reached. aark & Deen axpro Limited Sulte D. Benson House 98- 104 Lombard Street Blrmlngham 812 OQR 30 Ortober 2024 Page 4
MAHMUD SABIR MASJID Statement of FInala1 Ac11v forthe year emled 31 De¢ember 2023 funds 2023 funds Total fvnd5 Totsl funds 2023 2023 2022 Notes Intom• arbd endowments Donallons and legacies Charllable artivities Other tradln8 aCtivltie5 Other 132.066 26,897 132,066 26,897 81,777 47.112 57 6,218 6.218 Tatal 165,181 165,181 128,946 Exp•ndIre an: Charftèble actlvltles Other 124.687 19.400 124,687 19.400 36,654 23,129 59,783 Total 144.087 lM,087 Net 8alns on Investments Net InMm• 2L(194 21.094 69.163 Transfers between fitnds Net Income b•fw• oth•r ylnsl{losses) 21.oy 21.094 69,163 Other 8alns •nd loss N•t rno¥ement In fvnds Rec1•tIon of funds: Total funds brought forward 21.094 21,094 69.163 69,163 69,163 Totsl fvnds ¢arrf•d folrd 21.094 69.163 90,257 69,163 Page 5
MAHMUD SABIR MASJID Balance Sheet at 31 Dember 2023 Charity 119n69 2022 Tangible a55ets li 7.253 7,253 3.815 3.815 Current assets Cash at bank and In hand 84,204 84.204 11,2LK)I 83,(X14 67.348 67.348 12.0001 65,348 Credllors: Amount fallin8 due wlthln one year N¢t Current assets Total assets less current Ilabllllles
,257 ,257 69,163 Net assets exdudln¢ pension asset or Ilablllty 69,163 Totsl net as*ts 90,257 69.163 The fvnds ofthe tharlty Restrlrted funds Restrktèd Income funds 69,163 69,163 69,163 69,163 Unrestrlrted funds Gener•1 funds 13 21,094 21,094 Reser$ 13 Total funds 90,257 69,163 Approved by the trustees on 30 Ortobef 2024 And slgned on thelr behalf by: Mohammed Ahmed Trustee 30 O¢tober 2024 Page 6
MAHMUD SABIR M•tSJlD Notes to the Accounts for the year ended 31 Docember 2023 l Accountlng pollci 8a515 01 preparntion The financial statements have been prepared In accordance wlth Statemerrt of Recommended Practice.. Accounting and Reporting by Charrties preparing their accounts In accordance wfth the Financlal Reportin8 Standard applTrble in the UK and Republic rf Ireland {FRS 1021 Issued on 16 Julv 2014 and the Financial Reportlns Standard applkable In the Unfted Kingdorn and Republk of Ireland IFRS 1021 and the Charlties Act 201L Chaw In b•sis of •¢countln8 or to accounts There has been no change to the accounting polides Ivaluatlon rule5 and method of accLwntin81 since last year and no Changes have been made to a¢Unts for previous years. Fund Kcountlng unStrICted funds These are avallable for use at the dlscfetlon of the trustees In furtherance of the 8eneral objects of the chartty. These are unrestrkted funds earnlarked ty the trnstees for partlcular Deslgnated funds purposes. RevalU10n funds These are unrestrirted funds whkh Include a maluatlon ieser¥e rèpresentlng the restatement of Investment assets at thelr market values. These are avillable for use subject to restrktlons imposed by the do{ through terms of an appeal. Restrlcted funds Income Rec4nltlon of Incomè Income ts Induded In the Statement of Flnandal Artlvltie5 ISOFAI whell the charlty becomes entitled to, and virtualty certa5n to receple, the income and the amount of the Income can be Measur with sufflclent rellablllty. Income wtth related Where income has related expenditure the Ineome and related expenditure Fs expendlture reported 8ross In the SOFA. Donatlons and le8acies Voluntary Income recelved by way of grants. donations and glfts is Included In the the SOFA when receivable and only when the Charlty hs unconditional entttlement lo the Income. Tax reclalms on Income from tsx redaims is Iluded in the SOFA at the s•rne tlme as the donation5 and 8lfts 8ift/donatlon to whith it relates. Donated servlces and facilllies These are onty included in income {wlth an equivalent amount in expendbtuwel where the benefft to the Charity b reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help recerled ts not Induded in the accoun Investment Income Th151s Included In the accounts when reCeable. Galnslllossesl on Thi5 includes any8aln or loss resulting from revalulng investments to market valuation of fixed value at the end of the year. è5sets Gain511105ses1 on investment assets This Indudes any gain or loss on the sale of investments. Page 7
MAHMUD SABIR MASJID Notes to the Accounts Expendire Recognition of expendlture ExperKlSture is reco8ni5ed on an trual$ basis. Expendire include5 any VAT whlch cannot be fully recovered, and is reported as part of the expenditufe to whith It relates. Expenditure on These compr15e the c05ts associated w4th attrxting voluntary incomè, ralslng funds fundraising trading tosts and investment management costs. Expendlture on These comprise the costs incurred by the Charlty In the delivery of its activit$ Charable artivities and services in the furtherance of Its objects. including the making of grants and 8u4ernance costs. All grant expenditure Is accounted for on an actual paid basis plus an accrual for grants that have been approved by the Irustee5 at the end of the year but not yet pald. Governance costs These Include th costs associated with meetlng the Constut10nal and statutory requirements of the Charlty, Includlng any audlvindependent examinatlon fees. costs linked to the strategic management of the Charty, together wlth a share of other administration costs. Other expendUre These are support Costs nol allocated to a particular actlvlty. Grants payable T•x•tlon The charlty Is exempt from tax on Its charltable •rtpiitie5. Freehold Imnstment property Investment properties are measured InFtlally at cost and subsequently at falr value at each balance shed date and are not depreciated. All 8alns orlosses are taken to the Statement of Financlal Actlvbtles as they artse. Stock Is Included at the lower of cost or net alISable value. Donated stems of stock I recoBnlsed at falr value whlch 15 the amount the charlty would have been wlllln8 to p•y for the ftems on the open markeL Trade and other debto Trade and other debtots ore reco8nlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepakl of any trade dlscounts due. Cash and cash equlvalents Cash and $h equNalents compr15e cash at bank and on hand, dernand deposits with banks and other short-term highty liquld investments wbth ori8inal maturltbes of three months or less and bank overdrafts. In the statement of financlal posltlon, bank overdrafts are shown withln borrowings or rrent Ilabllltles. In the Statement of Cash Flows. cash and cash equlvalents are shown net of bank erdraft5 that are repayable on demand and fomi an Integral part of the company'5 cash management. Page 8
MAHMUD SABIR MASJID Notes to the Accounts Tr•de and her (redtto Short terni creditors are measured * thè tran5artion price. Other credltors and provi51ons ale reco8nlsed where the charlty has a present obligation resultin8 from a past event that wlll probab result in the transfer of fvnds to a Ihlrd party and the amount due to settle the obllgaiion can be measured or estimated reliab. Creditors and provtsion5 are nomialty retQ8ntsed at thelr settlement amount after allowlng for any trade dscounts due. Research and dthlownent Expendlture on research and development Is wrltten off In the year In whlch it Ss incurred. Forelgn ¢urr•ncl Monetary assets and liobiltties denomlnated in cyrrerbw ¢Kher than the fvnrtlonal currency of the charlty are translated at the rates of exchange prevalling at the end of the reportln8 perlod. Transactlons in currencies otherthan the fUnttal currency of the charlty are recorded at the rate of exchange on the date that the traiisaction otcvrred. All exchan8e differences are are taken into account In arthn8 at rt incomelexpendlture. Where the charty enters Into a le•se which entalls taklre 5ubstantlally •ll thè rlsks and rewards of ownershlp of an asset, the lease ts ireated as • ftnance lease. Leases whlch do not Iransfer sub5tantialty all the rfsks and rewards of ownershlp to charlty are dassbfled as operatln8 leases. Assets held under flnance leases are inltlalty recoenlsed as assets of the charV at thelr falr value at the In¢eptlon of the lease or, rf lower. at the present value of the mlnlmum lease payments. The correspondlng Ilability to the le$50r15 Included in the balance sheet date as a finance lease obllgatlon. Lease payments are apportioned ltheen flnance eMpense5 and reduttion of the lease obllgatlon so as to achleve a constant rate of interest on the remalnln8 balance of the Ilabllbty. Flnance expenses are reco8llised Immediatety. unless they are d1Ctty attfllyjtabk to quar1n8 assets, in which case they are capitalised In accordance wlth the charitvs policy on borrowln8 Costs. Assets held under flnance leases are depreckted In the same way a5 owned assets. OperIn6 lease payments are recognlsed as an expense on a stralght4ine basls overthe lease term. In the event that lease Incente$ are recebved to enter Into operatlng lease5, such incentfves are reco8nlsed as a liabllity. The 48regate benefrt of IncentNes Is recognised as a reduction of Tental expense on a stralght-llne bas1& Pe10n The charity operates a defined contrlbution plan for its employees. A defined contrlbuikn) plon Is pension plan under which the ¢harlty pays red contributM)ns Into a separate entty. on the contrlbutions have been pald the charrty has no further payments obl6Ytion5. The contributlon5 are recognised as expenses when they fall due. Amounts not paid are shown In ac¢ruals in the balance sheet. The assets of the plan are held separately from the charlty In independent admlnlstered funds. Retelpt af don*ed goods. fadlllles and Serc•S All donated goods. facilrties and ser415 received are recognr5ed wiihln Incoming resour and expendllure at an estlmale of the value to the charlty. Page 9
MAHMUD SABIR MASJID Notes to the Attnts 2 Ststement of Flnandal Artl¥ltles- wioryear Unrestrlcted funds Total funds 2022 2022 Income and endowments Donations and le8acles Other tradln8 activltles Other 81.777 47,112 57 81,777 47,112 57 T¢)tsl 128,946 128.946 Expendlture on: Charitable actlvltles 36,654 Z3,129 36,654 23,129 Other Total 59.783 59.783 Net Iorne 69,163 69,163 Net Income beffn other ialnslllossesl Other 8•lns •nd losses: Net movement In fvnds 69.163 69.163 69,163 69,163 R•conclll•tI ol lunth: Totsl fvnds c•rrled fryw•rd 69,163 69,163 3 InMme frorn don•dons and le5 Unrestrlrtod Totsl Total 2023 2022 Kenya Pakistan Flood Eid Fund collectlon 78,207 19,732 78.207 19,732 4L907 1.132 6.264 32.474 81.777 General Donallons 34,127 132.066 34,127 132,066 4 Intome from charftabl• actlvltles Unrntrlcled Totsl Total 2022 2023 Overseas emergency fund 26,897 26,897 26,897 26.897 Page 10
MAHMUD SABIR MASIID Notes to the Accounts 5 Income from other tradln8 •¢11 Totsi Totsl 2022 Pr®istration balance brou8hi forward 47.112 47,112 6 Other Income Unrestrlrted Total 21)23 Total 2022 Youth Proiecl Bank Interest Received 6.195 23 6.195 23 6.218 57 6,218 57 7 ExpeDdlture on tharliable •¢dthles Unrnstrlrted Totsl 2023 Total 2022 Expenditure on chorltable artivitles Hadiya To Speakers Kenya- pastoral and educalFon 4,751 4,751 77.631 77,631 31,654 Overseas emer8enry fund Governance t05ts 42,305 42.305 124,687 124,687 36,654 Page 11
MAHMUD SABIR MASJID Notes to the Acwunts 8 Other expendltUf¢ Tot•1 2023 Totsl 2022 Consumables 4.049 647 4.049 fftaar food 647 Y(h Club Paymenls Employee costs Motor and travel costs 3.193 3.190 13,175 2,887 1523 Premises costs Amort15atlon, deprKiatlon, Impalrment, profrtlloss on dlsp05al of fixed assets Genernl admlnlsiratfve 32 32 1,813 1.813 954 3.879 3.879 3,234 Le8al and professlonal costs 1,250 1,250 1.356 19,41X) 19,400 23,129 9 N¢t Income bth transfers Z023 2022 Thls b stated after char8ln8: Depreclation of owned fixed assets io stsff costs 1,813 954 zozz 11.176 11,176 salaes and wages 3,1) 3,1 No employee recelved emoluments In excess of £60.0(KI. 11 T•n8lbl• fixed assets Cost or revalu•tlon At l January 2023 Additions At 31 December 2023 DepreCIat and Imp•lnnent At l January 2023 DepCIatIon charge for the year At 31 December 2023 book Values 4,769 5,251 10,020 4.769 5,251 10,020 954 954 1.813 1.813 2,767 2,767 At 31 December 2023 At 31 Decernber 2022 7.253 3,815 7,253 3,815 Page 12
MAHMUD 5ABIR MASJID Notes to the Accounts 12 Credltors: amounts fallin8 due wlthln one year 2023 2022 Othertaxes arKI sodal securfty Other creditors Accruals 1,2(K) 1.2 1,199 13 Movemerf In fuJK15 Incomlrvd At31 December 2023 Atl J•Tru•ry 2023 yol0e5} Ilncludin8 exptnd•d Restrfcted funds: Restrlded 1Thne fvnds: Kenya 69.163 69,163 Total 69,163 69,163 Unrnstrlrt•d funds". Genernl funds 165,181 1144.0871 21,094 Totsl funds 69.163 165.181 1144,0871 90,257 Purposes and restrlctlons Sn relatlon io the funds: Restrf¢ted fvnds: Kenya Educatlon Jnd pstornl care 14 An•fysls of n•t •ss•ts bet**qn fvnds nds fvnds Total Flxed assets Net current assets 7.253 77.339 84.592 7.253 83,IXrt 90,257 5,665 IS Reconclliation ot net debt At31 Iyecember 2023 At l Janu•ry 2023 Cash Ilows Cash and cash equlvaients 67.348 67,348 16.856 16,856 84,204 84,204 Net debt 67,348 16.856 84.204 Page 13
MAHMUD SABIR MASJID Detalled 5tstefflent of Fin•ncial ActIvI$ forthe year ended 31 Decenther 2023 Unrestrirto d fvnd5 Total lunds Totsl funds 2023 2022 2023 Income and endoneThts Irom: Donations and legacies Kenya Pak15tan Flood Eld Fund collertion General Donations 78.207 19.732 78,207 19,732 4L907 1,132 6,264 32,474 81,777 34.127 132.066 34.127 132,066 Charltable aclivities Cfverseas emer8ency lund 26,897 26.897 26.897 26,897 Othertradlng actb4ltles Prfrre815tratlon balance brov8ht forward 47,112 47,112 Other Youth Project 8¥nk Interert Recelved 6,195 23 6.218 6,195 23 6,218 57 57 Total Inwm• •nd endowments 165,181 165.181 128,946 Expendlturn on: Charitable actlvltles Hadiya To Speaker5 Kenya- pastoral and educatlon Overseas emer8ency fund 4.751 77.631 42,305 124,687 4.751 77,631 42,305 124.687 5,000 31,654 36,654 Totsl of expendlture on dwrfl•ble 124,687 124.687 36.654 Other expenditure Consumables iftaar food Youth Club Payments 4,049 647 4,049 647 9,236 9,236 Employee costs Salarieslwages Staff welfare 3.1 3.190 11,176 1.999 13.175 2,887 2.887 3.1 3.190 Travel and subsistence Premlses costs Page 14
MAHMUD SABIR MASJID Detailed Ststement of Finanri•l Pti¥ltks Premises insurances Premises repalrs and malntenance 437 32 32 1.086 32 32 General adminlstratr¥e costs. Includln8 depreciation and arnortisation Depreclatlon of Bank charges Equipment leasln8 and hlre charges General insurènces Softsvare, ITsupport and related 1,523 1,813 769 L813 769 954 415 2514 2,514 2,574 381 381 18 Stallonery and prlntir Sundry expenses Telephone. fax and broadband 107 18 24 4,188 5.692 Legal and profes51onal costs Audlt/lndependent examlnatk>n fee5 Accountanry and bookkeepln8 Other legal and professlonal ¢osts 5.692 12(X) 1,2LXI 1,2fy) 156 1.250 1,250 1,356 T¢)tal of expendtyve ol other Tot•1 expendhyre Net 8ains on Investments 19.4Q) 19,4CI) 23.129 144,087 IH,087 59.783 Plet In¢om• 2L094 21.094 69.163 Net IoMe before ¢Jther i•lnslllxses) Other Galns 21.oy 21,094 69,163 Plrt movement In ftvKI3 21,094 21x84 69.163 Re¢on¢Nlatlon of funds.. Total funds brou8ht forward 69.163 69.163 Totsl funds carrled lward 21,094 69.163 ,257 69,163 Page 15