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2025-01-31-accounts

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 FOR TDPEC LTD

Registered number: 14614877 (England and Wales) Charity number: 1205134

LYONS & CO LTD

CHARTERED ACCOUNTANTS

STOCKTON-ON-TEES

TDPEC LTD

FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025

CONTENTS

Page
Directors and Trustees Report 1 - 4
Independent Examiners Report 5
Statement of Financial Activities 6
Balance sheet 7
Notes to the financial statements 8 to 10
Detailed statement of financial activities 11

1

TDPEC LTD

DIRECTOR'S AND TRUSTEES REPORT YEAR ENDED 31 JANUARY 2025

Charity Limited by Guarantee

TDPEC LTD – Companies House Company No. 14614877

Registered Charity

Northeast Islamic Welfare Trust Charity Reg No. 1205134

Trustees

Mr Sumair Masoud Mr Sabahat Hussain Mr Riszwan Rehman

Registered office

Masjid Maryam Green Lane Middlesbrough TS5 7RX

Trading Address

St Mary’s Hall Middlesbrough TS5 7RX

Independent Examiner

Lyons & Co Ltd, 23 Yarm Road, Stockton on Tees TS18 3NJ

Bankers

Natwest 106 Linthorpe Road Middlesbrough TS1 2JX

2

TDPEC LTD

DIRECTOR'S AND TRUSTEES REPORT YEAR ENDED 31 JANUARY 2025

OVERVIEW

TDPEC LTD is a Charitable Company Limited by Guarantee. It is also registered with the charity commission under the name, Northeast Islamic Welfare Trust and trades a Masjid Maryam. The trustees who are also the directors for the purposes of company law, present their report and the unaudited financial statements for the year ended 31[st] January 2025.

Objects, Structure, Governance and Management

Our legal objects

The organisation is registered with both companies’ house and the charity commission which means it must comply with both charity and company law. The organisation is constituted by a memorandum and articles of association incorporated on 24[th ] January 2023 as amended by special resolution and registered at companies’ house on 07 oct 2023 as amended on 05 sept 2024.

The charitable company limited by guarantee was incorporated on 24th January 2023 and was registered with the charity commission on 10[th] October 2023.

The Articles define the charity’s objects as being:

Trustees and organisational structure

The organisation is governed by a Board of Trustees who are reponsible for ensuring that it operates in accordance with its charitable objectives and complies with all relevant legislation and regulations. The Trustees provide strategic oversight, financial stewardship, and governance support, meeting regularly to review progress and make key decisions on the charity's direction and priorities. Each Trustee brings a range of skills and experience, contributing to the effective management and sustainability of the organisation.

The organisation operates through the dedication of its volunteeers. Day-to-Day activities, project delivery, fundraising, and administration are all managed by volunteers who work collaboratively under the guidance of the Trustees. This stucture fosters a strong sense of community ownership and ensures that all resources are directed towards achieving the charity's mission. The Trustees maintain open communication with volunteers, ensuring accountability, transparency, and the alignment of efforts across all areas of work.

2a

Activities

In February 2025, the Masjid proudly completed its renovation project and officially opened its doors to the public, providing a welcomig and fully accessibly space for worship, learning, and community engagement. Since opening, the Masjid has offered daily Salah, weekly Jummah prayers, and special Tarawih prayers during Ramadan, all of which have been well attended by the local community.

Alongside religious services, the Masjid has delivered a diverse range of educational and community-focused activities. These include Qur'an classes for both children and adults, motivational talks, and educational seminars aimed at spiritual and personal development. The youth clubs have provided a positive environment for young people to learn, socialise and strengthen their connection to faith. In addition, community engagement initiatives have fostered greater unity and support among local residents, ensuring the Masjid continues to serve as a vibrant centre for worship, learning and togetherness.

The board have set a goal to have all renovations completed by early 2025. Thereafter a greater focus will be placed on getting the community involved in the many activities planned for the Masjid and community centre along with paying off any remaining Qardh Hasan loans.

3

Risk management

All significant activities undertaken are subject to a risk assessment as part of the initial activity evaluation and implementation. Major risks are identified and ranked in terms of their potential impact and likelihood.

Major risks, for this purpose, are those that may have a significant effect on:

The trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. Where appropriate, risks are covered by insurance. The following framework is central to ensuring adequate risk assurance:

Reporting public benefit

The trustees confirm that they have read the Commission’s Guidance on Public Benefit (including PB1, PB2, PB3). The charity is compliant with the public benefit requirement under the Charities Act 2011. Our work only involves activities that advance our charitable objects and benefit the public.

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial

Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

4

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees declare that they have read, understood and approved the report

Signed on behalf of the trustees

Sabahat Hussain Trustee

5

INDEPENDENT EXAMINERS REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF TDPEC LTD

YEAR ENDED 31 JANUARY 2025

We report on the accounts for the year ended 31 January 2025 set out on pages six to eleven.

Respective responsibilities of trustees and examiner

The charity's trustees (some of whom are also the directors for the purposes of company law) 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 required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

Basis of the independent examiner's report

Our 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 option 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 our examination, no matter has come to our attention:

have not been met: or

(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lyons & Co Ltd 23 Yarm Road Stockton-on-Tees TS18 3NJ

25 November 2025

6

TDPEC LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 JANUARY 2025

Unrestricted
Funds Total Funds Total Funds
2025 2025 2024
Notes £ £ £
Incoming resources
Voluntary Income 2 260,023 260,023 160,522
Total incoming resources 260,023 260,023 160,522
Resources expended
Charitable Activities 4 210,423 210,423 11,694
Total resources expended 210,423 210,423 11,694
Reconciliation of funds
Total funds brought forward 148,828 148,828 -
Net movement in funds 49,600 49,600 148,828
Total funds carried forward 198,428 198,428 148,828

7

TDPEC LTD

BALANCE SHEET AS AT 31 JANUARY 2025

Notes
Fixed Assets
Tangible assets
6
Current assets
Cash and bank
Creditors:amounts falling due
within one year
6
Net assets
Funds
Unrestricted
Total funds
7		 2025
£
586,625
32,673
619,298
(420,870)
198,428
198,428
198,428		 2024
£
557,236
32,202
589,438
(440,610)
148,828
148,828
148,828

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on 25 November 2025 and were signed on its behalf by:

Sabahat Hussain Director

Company no: 14614877

8

TDPEC LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025

1 Accounting policies

Basis of accounting

The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102' The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings 25% reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 Voluntary Income
Donations		 Unrestricted
Funds
2025
£
260,023
260,023		 Total
Funds
2025
£
260,023
260,023		 Total
Funds
2024
£
160,522
160,522

9

TDPEC LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025

3
Charitable activities
Unrestricted
Fundraising
Events
Administration cost
Utilities
Repairs and maintenance
Legal fees
Travel
Depreciation charge
Accountancy
4
Net Incoming/(Outgoing) Resources
Net resources are stated after charging:
Depreciation - owned assets		 2025
£
52,171
2,500
919
3,664
140,026
-
205
9,678
1,260
210,423
£
9,678		 2024
£
4,800
-
743
-
728
3,900
-
523
-
10,694
£
523

10

TDPEC LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2025

6
Tangible Fixed Assets
Cost
At 1 February 2024
Additions
At 31 January 2025
Depreciation
At 1 February 2024
Charge for the year
At 31 January 2025
Net book value
At 31 January 2025
At 31 January 2024
6
Creditors:amounts falling due
within one year
Accruals
Loan
7
Movements in funds
Unrestricted funds		 Freehold
Fixtures and
property
fittings
£
£
535,001
22,758
-
39,067
535,001
61,825
-
523
-
9,678
-
10,201
535,001
51,624
535,001
22,235
2025
£
2,260
418,610
420,870
Net movement
in funds
£
49,600
49,600		 Total
557,759
39,067
596,826
523
9,678
10,201
586,625
557,236
2024
£
1,000
439,610
440,610
At 31/01/25
£
198,428
198,428

8 Limited By Guarantee

The company has no share capital and is limited by guarantee from its members up to a limit of £1 per member.

11

TDPEC LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JANUARY 2025

Incoming Resources Unrestricted
Voluntary income
Donations
Resources Expended
Charitable activities unrestricted
Fundraising
Events
Administration
Utilities
Repairs and maintenance
Legal fees
Travel
Fixture and fittings - depreciation
Accountancy
Total resources expended
Net expenditure		 2025
£
260,023
260,023
52,171
2,500
919
3,664
140,026
-
205
9,678
209,163
1,260
210,423
49,600		 2024
£
160,522
160,522
4,800
-
743
-
728
3,900
-
523
10,694
1,000
11,694
148,828