## **Al HUDA MASJID CHARITY NO: 1198311 FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **MST ACCOUNTANTS AND BUSINESS ADVISORS LIMITED**
**9 GRANGE ROAD NEWCASTLE UPON TYNE NE4 9LB**
## **AL HUDA MASJID**
## **FINANCIAL STATEMENTS FOR**
**THE YEAR ENDED 28 FEBRUARY 2023**
## **INDEX TO FINANCIAL STATEMENTS**
## **PAGE REF**
- 1 Trustees Report
- 2 Independent Examiners Report
- 3-6 Financial Statements and Note
## **AL HUDA MASJID**
## **FINANCIAL STATEMENTS FOR**
## **THE YEAR ENDED 28 FEBRUARY 2023**
## T **USTEES ANNUAL REPORT**
The Trustees peruse the annual report and financial statements for the year ended 28 FEBRUARY 2023
Charity Name: - Al HUDA MASJID Principal Address of Charity: - 117-119 Legram Lane Bradford BD7 2AA
## **OBJECTS OF THE CHARITY**
1. To advance the religion of Islam in accordance with the Ahl-Ul-Hadith creed and methodology for the benefit of the public through:
- a. The holding of prayer meetings, lectures and public celebration of religious festivals;
- b. The provision of a place of public religious worship and education by persons professing the religion of Islam; c. The provision of marriage and funeral services in accordance with Islamic rites;
- d. The production and/or distribution of literature on Islamic belief and practice; to help educate the public about the religion of Islam.
2. To advance the education of the general public in Quranic, Islamic Studies and Arabic.
## **NAMES OF THE TRUSTEES**
The trustees of the charity are as follows: -
1. Mohammed Akbar
2. Mahmood Hussain
3. Abdul Shakoor
4. Abdul Rashid
The trustees are volunteers who serve in office for a period determined by general meeting. The trustees generally give their time freely and receive no remuneration or other benefits. Please see page 6.
## **STRUCURE GOVERNANCE & MANAGEMENT**
## **ORGANISED STRUCTURE**
The trustees meet at regular intervals and are responsible for all decisions in relation to the running of the charity.
## **RECRUITMENT OF TRUSTEES**
The existing trustees are responsible for the recruiting of new trustees but in doing so the trustees seek the views and recommendations of others.
## **RISK MANAGEMENT**
The trustees seek to take no risks with the running of the charity and the finances of the charity are kept under constant review.
## **ACTIVITIES & ACHIEVEMENTS**
The Charity has pursued its objectives during the period of advancement of the Muslim religion in the local area through holding of prayer and lecture meetings as well as religious instruction to local children. There are regular lectures and meetings regarding the interaction of religion with modern living. Social awareness and personal responsibilities are explored as well as at these meetings. The trustees continued to undertake to raise substantial funds to improve building which would be used for the charity’s core objectives.
## **DECLARATION**
I declare in my capacity of charity chairperson that the trustees have approved the above report and have authorised me to sign it on their behalf.
…………………………………………………
Mohammed Akbar
**Dated: 20 August 2024**
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## **REPORT TO THE TURSTEES AND MEMEBERS OF**
## **AL HUDA MASJID**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the 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 our 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 Commissioners (under section 145 (5)(b) of the Act); and
-
- to state whether particular matters have come to our attention.
## **Basis of independent examiner’s statement**
Our examination was carried out in accordance with 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 the 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 statements 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 comply 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 bookkeeping and accounts to be reached. Further this charity was in a trust before registered with charity commission as CIO and the trustees are using the same trust bank account for this charity activities, and we have advised the trustees to open a new bank account under the name of new charity Al Huda Masjid.
**…………………………………..**
**9 Grange road MST ACCOUNTANTS AND BUSINESS ADVISORS LIMITED Fenham**
**Newcastle upon Tyne NE4 9LB**
**DATED: 20 August 2024**
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## **AL HUDA MASJID**
## **ACCOUNTING STATEMENT STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **INCOME RESOURCES**
|**NOTES**
**Incoming Resources**
Donations
Other Income
Rent
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable Expenditure
(2ai)
Costs of Activities for Charitable
Objectives
(2aii)
**Total Resources Expended**
**Net Movement in Funds**||**UNRESTRICTED**
**FUNDS**
**2023**
**£**
360,064
2,595
4,550|
|---|---|---|
|||**367,209**|
|||20,284
11,938|
|||**32,221**|
|||**334,988**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **BALANCE SHEET AS AT 28 FEBRUARY 2023**
||**NOTES**|||
|---|---|---|---|
||||**2023**|
||||**£**|
|**FIXED ASSETS**||||
|Building Improvements|(3)||181,880|
|Equipment|(3)||1,117|
|**CURRENT ASSETS**||||
|Cash at Bank & in Hand||151,991||
|**CURRENT LIABILITIES**||||
|Loans – Qard Hasana|5(h)|||
|**TOTAL NET CURRENT ASSETS LESS**||||
|**CURRENT LIABILITIES**||151,991||
|||||
|**NET ASSETS**||**334,988**||
|**REPRESENTED BY: INCOME FUNDS**||||
|**Unrestricted Funds**||||
|Funds brought forward||||
|||-||
|Surplus for Year||334,988||
|||**334,988**||
The financial statements were approved by the trustees 20 August 2024
**…………………………………………………**
Mohammed Akbar
**Dated: 20 August 2024**
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## **NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **1. ACCOUNTING POLICIES**
## **(a) Basis of accounting**
These accounts have been prepared in accordance with accounting standards, Accounting, and Reporting by Charities Statement of Recommended Practice (SORP 2005) and the Charities Act 2011.
## **2. EXPENDITURE**
## **(a) Analysis of Resources Expended**
## **i) Charitable Expenditure**
|Self Employed Salary
Salary
**ii)Cost of Activities in Furtherance of the Charity’s Objectives**|**2023**
3,660
16,624|
|---|---|
||**20,284**|
|||
|Bank Charges
Accountancy Fees
Light and Heat
Insurnace
Rates
Telephone & Fax
Marketing, Advertising and Promotion|**2023**
536
900
5,497
1,802
2,374
428
400|
|---|---|
||**11,938**|
## 3 **. FIXED ASSETS**
|**COST**
At 04 January 2022
Additions
Disposals
**At 28 February 2023**|**Building**
**Improvements**
**Equipment**
**£**
**£**
181,880
1,117|
|---|---|
||**181,880**
**1,117**|
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## **NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **CONT….**
## **1. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or other related parties for reimbursement of out-of-pocket expenses incurred by them.
## **2. CONTINGENT LIABILITIES**
No material liabilities existed at the year-end.
## **3. DECLARATION**
## **(a) Charges in Year End**
The trustees have established 28 February as the financial year-end date.
## **(b) Designated Funds**
The Charity does not have any designated funds.
## **(c) Discontinued, Continuing and Acquired Operations**
All the charities operations are continuing operations and there were no operations Discontinued or acquired during the year.
## **(d) Inalienable or historic Assets**
The charity has no assets at the balance sheet dated classed as inalienable or historic.
## **(e) Intangible Assets**
The charity has no intangible assets.
## **(f) Subsidiaries**
The charity has no subsidiary companies
## **(g) Uncapitalised Fixed Assets**
The charity has no material fixed assets, which have not been capitalised and Included on the balance sheet
## **(h) Qard Hasana**
The Qard Hasana loans are interest free and over no fixed time.
Trustees and General Public were lent this money to make this charity successful.
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