The Gloucester Muslim Welfare Assodatlon Limited
Charity fio. 256774
C￿0￿¥ No. Th)892661
Trust￿. Rep4)rt * Unaudited Acuwnts
31 Oct¢>ber 2024
*AEIK792 J*
CCthIPANIES HOUSE

The Gloucester Muslim Welfare Associati¢>n iimiied
Contents
Pages
Trustees. Annual Report
Independent Examiner'5 Report
ststement of Financial Activities
2to3
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
8t015
Detailed Statement of Financial Activrties
16to17
Page I

The Gloucester Muslim Welfare Association Limited
Trustees Annual Report
The trustees, who are a150 dirertors of the charrty for the purposes of the Companies'Act 2006,
present their report wth the unaudited fin•ncial statements of the charity for the year ended 31
October 2024.
REFERENCE AND ADMINISTRATIVE O￿All$
Company No. (K1892661
Chaiity No. 256774
Re8fstered Office
44146 Ryecroft Road
Gloucester
GLI 4LY
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Oire¢tors and Trustees seived during the year-
A. Ginwalla
Y. Patel
Y. Topia
Company Secretary
A. Ginwalla
Actountants
Robert Powell Chartered Accountant
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of rhe charity and to enable them to ensure that the financial statements
comply with the Cornpanies Art 2C(J6. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above ￿port has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part IS of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 1021.
ned on behalf of the board
.Y. Patel
Trustee
25 April 2025
Page 2

The Gloucester Musllm Welfare A5$0Ciation Limited
Independent Examlners Report
Independent Examine¢s Rep¢)rt to the trustees of The 61￿Cester Muslim Welfare Association Umited
I report to the charity trustee5 on my examination of the financial State￿￿ntS of The Gloucester Muslim
Weltare Associatson Limited for the year ended 31 October 2024.
Responsibililies and basi5 01 report
As the charity's trustees of the company land also its dire¢tors for the purposes of company lawl y¢)u are
responsible for the preparation of the financial Stater￿ nts in ac¢ordan¢e with the requirements of the
Companies Act 2CKJ61'the 2CQ6 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report Èn respert of my examination of
your charity's financial statements as carried out under section 145 of the Charities A¢r 20111'the 2011 Art'I-
In carrying out my examination I have followed the Dirertions gtven by the Charity Commission under section
145151 Ibl of the 2011 Act.
Independent examiner's #atemenl
I have cornpleted rny examination. I can confirm that no material matters have ¢ome to my attention In
connection with the examination giving me cause to believe..
accounting records We￿ not kept in accordance with section 386 of the 2006 A¢t - or
the fiftan¢ial statements do not accord with those records- or
• the financial statements do not ¢ornply with the accounting requirements under section 396 of the 2t)J6
Act other than any reqU1￿ment that the financial statements give a 'true and fair. view which is not a
matter considered as part of an Independent exarrtination- or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and ￿kX)rting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection wrth the examinatlOA to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Robert Pobvell ICAEW
Robert Powell Chartered Accountant
25 April 2025
Page 3

The Gloucester Muslim Welfare Associatkn ilmlted
Statement of Flnanclal Actl¥llle5
fo¢ the year ended 31 October 2024
Unrestricted Restlicted
nds
fvnds Total fund5 Total funds
2024
2024
2024
2023
Income and endowments
Donations and legacies
Charitable activities
106,077
3.¢)J6
23,936
50.502
2.497
106,077
3.006
23.936
50,502
2,497
211.539
5.043
24,765
60,771
2,826
Other trading activities
Investments
Other
Total
186.018
186,018
304,944
Expendityie on:
Raising funds
Other
3.233
153.109
3,233
153.109
878
io
84,950
Total
156.342
156,342
85,828
Net gains on investments
Net inwme
29,676
29,676
219,116
Transfers between fund5
Net income before other
gainslllossesl
29.676
29.676
219,116
Other gain5 and1055es
Net Movement In funds
29.676
29,676
219.116
Re￿n[lI1atIOn of funds:
Total funds brought forward
1.470.592
1304.4221
1,166,170
965,157
Total fvnds carried forward
I.5c￿.268
1304.4221
1,195,846
1,184,273
Page 4

The Gloucesler Musllm Welfare As%Kiation limited
SummaTV Income and Expendlture Account
for the year ended 31 Ortober 2024
2024
2023
In¢¢)me
135,516
244,173
Interest and investrr*ni income
50.502
60,771
Gross income for the year
ExpellditLtre
186,018
304,944
156,342
85,828
Total expendlture for the yeaf
Net income before tax for the year
156,342
85,828
29,676
219.116
Net income lor ihe year
29,676
219,116
Page 5

The Gloucester Musllm Welfare Association limited
Balance Sheet
at 31 Ortober 2024
Company No. 00892661
Notes
2024
2023
Flxed assets
Tangible assets
12
840.167
840.167
840,167
840,167
Current assets
Debtors
Cash at bank and in hand
13
46.9CN)
328.128
375.028
119.3491
4,702
340,233
344,935
118,9321
326,003
Credltors: Amount falling due within one year
14
Net current assets
355,679
Total assets less current Ilabllitles
1.195,846
1,166,170
Net assets excluding penslon asset or Ilablllty
1.195.846
1.166,170
Total net assets
1,195.846
1,166,170
The funds ofihe charlty
Restrlrted fund5
Restricted income fvnds
15
1304.4221
1304,4221
1304.4221
1304,4221
Unrestricted fvnds
General funds
15
1,278.206
1.248,530
1,278.206
1,248,530
Reserves
Revaluation reserve
15
222,062
222,062
222,062
222,062
Total lunds
1.195.846
1,166.170
These accounts have been p￿pared in a¢¢ordance with the special provisions of Part 15 of the Companies
Act 2CM)6 relating to small companies.
For the year ended 31 October 2024 the Company was entitkd to exemption under section 477 of the
Companies Act 20)6 relating to small ¢ompanies.
The members have not ￿qUired the company to obtain an audit in accordance with section 476 of the
Companie5 Act 2006.
The directors acknowledge their responsibilities fof eomplying with the requirements of the Compan￿$ Act
2006 with respect to accountin8 records and the preparation of accounts.
Approved by the board on 25 April 2025
And signed on its behalf by:
atel
Trustee
Page 6

The Gloucester Muslim Welfare Assodation Umtted
Notes to the A¢countS
for the year ended 31 October 2024
l Accounting poliues
8a515 of preparallon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Aecornmended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 leffectrve I
january 20151- (Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2Crf)6.
Change in basls of accountlng or to prevlous accotsnts
There ha5 been no change to the accounting policies (valuation rules and methc4J of accountingl since
last year and no changes have been made to a¢¢ounts for previous years.
Fund a¢countlng
Unrestricted funds These are available for use at the discretK)n of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds wh¥¢h include a revaluation ￿SerVe representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to. and virtually certain to receive. the income and the arnount of
the income can be measured with sufficient ￿liabIlIty.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary in¢ome ￿ceiVed by way of grants. donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same tirne as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in ineome (with an equNalent arnount in expenditurel
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment incorne This is included in the accounts when receivable.
Gainslllossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
and facilities
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 8

The Gloucester Musllm Welfare Associati¢)n Limited
Notes to the Accounts
Expenditure
Recognition of
expenéiture
Expenditure is re¢ognised on an attnJals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it
relate5.
Expenditure on
These comprise the costs associated with attracting voluntary incorne, fundraising
raisTrng funds
trading costs and investment management costs.
Expefiditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities Services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expendrtLFre is a¢counted for on an artual paid basis plu5 an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those ¢05ts associated with rneeting the con5titutNJnal and statutory
reqU1￿MentS of the Charity. including any auditlindependent examination fees,
¢osts linked to the 5trate8i¢ man?gerr*nt of the Charity, tQ8ether with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance ¢osts
Other expenditure
Taxatfon
The charity is exempt from corporation tsx on its charitable artivitles.
Freehold Investment property
Investment propertie5 are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depre¢iated. All gains or losses are taken to the Statement of Financial A¢tivsties as they
arise.
St¢xks
St¢xk is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which 15 the arnount the charity would have been willing to pay for the iterns on the open rnarket.
Trade and other debtors
Trade and other debtors are recognised at the settlement aTh)unt due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
C05h and ￿$h equivalents
Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other
short-term highly liquid investments wth original maturities of three months or less and bank overdrafts.
In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are
repayable on dernand and form an integral part of the cornpanvs cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recogni5ed
where the charity has a present obligation resulting from a past event that will probabty result in the
transfer of funds to a third party and the al￿tUnt due to settle the obligation can be measured or
estimated reliably. c￿litorS and provis￿n5 are normally reC￿nISed at their settlement amount after
allowing for any trade discounts due.
Page 9

The Gloucester Musllffl Welfare Association Llmlted
Notes to the Accounts
Reseafch and development
Expenditure on research and development is written off in the year in which it is incurred.
Forelgn ￿rren(leS
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction ￿¢￿rred.
All exchange differences are are taken into a¢eount in arriving at net incomelexpenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership lo charity are classified
as operating leases.
Assets held under finance leases are initially Tecognised a5 a55ets of the charity at their fair value at the
inception of the lease or, rf lower. at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments a￿ apportioned bets¥een finance expenses and ￿ductIon of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
re¢ognised immedi?tely. unless they a￿ directty attributable to qualifying assets, in which case they are
capitalised in a¢cordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease temi.
In the event that lease incentives are received to enter into operatin8 leases. such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a ￿￿Urtion of ￿￿tal
expense on a straight-line basis.
Pen51on costs
The charity operates a defined contribution plan for its employee5. A defined contribution plan is
pension plan under which the ¢ompany pays fixed contributions into a separate entity. Once the
contributions have been pard the company has no further payments obligations. The contributions are
re¢ognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently adrninistered funds.
Receipt of donated goods. facllltle5 and servi￿$
All donated goods, facilities and services re¢eived are recognised w¢thin incoming resour¢es and
expenditu￿ at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10

The Gloucester Musllm Welfare As50CiOtlon iimlted
Notes to the Accounts
3 Statement of Flnancial Activltles- Prf￿ year
Unf￿lrirterf
funds
Restrirted
lunds Total funds
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
211.539
5,043
24.765
60.771
2.826
211,539
5,043
24.765
60.771
2.826
Other
Total
304,944
304.944
Expenditure on:
Raising funds
Other
878
878
84.950
84,950
T¢Aal
85.828
85,828
Net Income
219,116
219.116
Transfers between funds
118.1031
118,1031
Net income bthre other
galnslllosses)
Other galns and105ses:
Net movemenl In fvnds
219,116
118.1031
201,013
219,116
118,1031
201,013
Reconclllation of fund5:
Total funds brought forward
Total funds catrled forward
1.251,476
1286.3191
(304.4221 .1.166,170
965,157
1.470.592
4 Income from donations and lepcies
Unrestricted
Total
Total
2024
2023
Donations
Income tax refunds on
covenants
63,951
63,951
66,38S
42,126
42,126
5.154
Property donated
140.000
211,539
106,077
106,077
PaBe 11

The Gloucester Muslim Wellare AsSQtiatlon iimiied
Notes to the Accounts
5 Income from charitable artivities
Unrestrfrted
Total
Total
2024
2023
Marriage fees
Funeral incorne
340
420
2,666
3.006
2.666
4,623
3,Crf)6
5,043
6 Income from other trading activitles
Vnrestricted
Total
Total
2023
2024
Membership fees
23,936
23.936
23,936
23,936
24.765
24,765
7 Income from Investments
Unrestricted
Total
Total
2024
2023
Rents received
50.502
50.502
60,771
60,ni
50.502
50,502
8 Othei income
Unrestricted
Totsl
2024
T￿al
2023
Sundry income
2.497
2,497
2.497
2,497
2.826
2.826
9 EXpendI￿re on ralsifig funds
Total
Totsl
2023
2024
Investment management
costs
Rents received
3.233
3.233
878
3.233
3.233
878
Page 12

The Gloucester Muslim Welfare A550Ciatlon ilmlted
Notes to the Accounts
10 Other expenditure
Unrestrfrted
Total
2024
Total
2023
Employee costs
P￿miseS costs
41,639
41.639
32,704
48,166
3,552
528
106,917
106,917
General administrative costs
4.013
4,013
Legal and profe$5ional costs
540
540
153,109
153.109
84.950
11 Staff (osts
2024
41,639
41,639
2023
32,704
32,704
Salaries and wages
No employee rece5ved emolurnents in excess of EEgj.0￿.
12 Tangible fixed assets
Cost or re¥aluatlort
At l November 2023
At 31 October 2024
840,167
840,167
840.167
840,167
Net book values
At 31 October 2024
840,167
840,167
840,167
840.167
At 31 October 2023
13 DebtiKs
2024
2023
Prepayments and accrued income
46,900
46.900
4.702
4,702
14 Cfedltors:
amounts falling due within one year
2024
2023
Other creditors
19,349
19,349
18.932
18.932
PaBe 13

The Glouce#er Musllm Welfare Assotiatlon Llmlted
Notes to the Accounts
15 Movement In funds
Incomln8
resources
{Includln8
Ati
other
November 8alnsllosses
2023
At31
October
2024
expended
Restricted funds:
Restritted income fvnd&
1304.4221
1304,4221
Total
1304.4221
1304.4221
Unre5trlcted fvnds:
General fvnds
1,248,530
186,018
1156.3421 1.278,206
Revaluat5on Reserves:
Revaluation fund
222,062
222.052
Total revaluation reserves
222.062
222,062
Total funds
1.166.170
186.018
1156,3421 1.195,846
Purposes and restri¢tions in relation to the fvnds:
Revaluation reserves
Represent the amount by which investments exceed their historical cost.
16 Analysls of net assets between funds
Unrestrirted
fvnds
Total
Fixed assets
Net current assets
840,167
355.679
1,195.846
840,167
355.679
1.195.846
17 Reconcillatlon of net debt
Atl
At31
October
2024
2023
Cash flows
Cash and Cash equivalents
340.233
340.233
112,1051
112,1051
328,128
328.128
Net debt
340,233
112.1051
328,128
18 Related party dlsclosures
Contmlllng porty
The company is limited byguarantee and has no share ¢apital,- thus no single party controls the company.
Page 14

The Gloucester Musllm Welfare A￿ocIatIon limhed
Detailed Statement ol Flnancial Actl¥llle5
lor the year ended 31 Ortober 2024
UnTestrlcte
d funds
2024
Total fvnd5
2024
Total funds
2023
2024
Income and endowments from:
Donations and legacies
Donations
63.951
42,126
63.951
42,126
66.385
5,154
140,OC4J
211,539
Income tax refunds on ¢ovenants
Property donated
106.077
106.077
Charitable activities
Marriage fee5
Funeral income
340
340
420
2,666
2.666
3.006
4,623
5,043
Other trading artivities
Membership fees
23,936
23.936
23,936
23.936
24.765
24,765
Investment5
Rents received
50,502
50,502
50.502
50.502
60,771
60,771
Other
Sundry income
2,497
2,497
2,497
2,497
2,826
2,826
Total Income and endowments
186,018
186.018
304.944
Expendltuie on:
Investment management costs
Rents received
3.233
3,233
3,233
3,233
878
878
Total of expenditure on ratsing
funds
3,233
3.233
878
Employee costs
Salarieslwages
41,639
41.639
41.639
41.639
32,704
32,704
Premises costs
Rates
Light, heat and power
Premises Cleaning
Premise5 repairs and
maintenance
3,S36
43,946
19,515
3.536
43,946
19.515
4,129
16,630
15,975
39,920
39,920
11,432
106.917
106.917
48,166
General administrative ¢osts.
including depreciation and
arnortisation
Page 16

The Gloute5ter Muslim Welfare Association Llmlted
t>etsiled Statement of Flnancial Acir¥ii*s
General insurances
Stationery and printin8
Subscriptions
Sundry expenses
Telephone, fax and broadband
2,928
443
2.928
443
2,774
457
150
150
150
31
31
51
461
461
120
4,013
4,013
3,552
Legal and professional costs
Auditlindependent examination
fees
540
540
528
540
540
528
Total of expendlture of other costs
Total expendituie
153,109
153,109
84,950
156.342
156,342
85,828
Net gains on investments
Net Income
29.676
29,676
219,116
Transfers between funds
118,1031
Net income before other
gainslllosses)
Other Gains
29.676
29.676
201,013
Net movement In lunds
29.676
29,676
201,013
Recondllatlon of fvnds:
Total funds brought forward
1,470.592
1304,4221
1,166,170
965,157
Total funds carrled lorward
1,5C(J,268
(304,4221
1.195,846
1.166,170
Page 17