2023-11-30-accounts

Charity reglstrallon number 258624 THE ISLAMIC CULTURAL CENTRE ZAKARIYYA JAAM'E MASJID ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

THE ISLAMIC CULTURAL CENTRE ZAKARIYYA JAAM'E MASJID CONTENTS Page Tru$lee$' rgport &7 Indep•ndent audltorf• report 8-13 In¢om• and Éxp•ndlturn Account 14 Balanc• •h••t 15 S¢atom•nt ol Ca•hflow• 16 Notes to the Ilnancl41 •tatoffl•nts 17-25

THE ISLAMIC CULTURAL CENTRE ZAKARIYYA JAAM'E MASJID LEGAL AND ADMINISTRATIVE INFORMATION Trustses MrA Mohrned MrEAMusa Mrlmselh MrEAlsa Mr S Giga Mr K4 N Kath￿Ja Mr S Kola Mr M Hussain Mr A ￿Mbada Mr F Chapti Mr M A Atcho Mr l M MarrfJtra MrA E Atth8 Mr l Umafji Mr A Patel charlty numbor 258624 Prfnelpal •ddr•88 Zakariyya Jaam, Masjlj 20 Peace Streel Botton 8L3 SU Audltor SKM Aeeountanis Limit•d Chartered Accountants Statutory Audilor Pegasus Hous• S Wind(lèy Court Mount Stra•t Pre3ton PR18BU Bankors Bardays Bank PLC The Well¥ring$ Victona Str8•t Bohon BL1 18Y Nats*5t Bank PLC 24 Deansgate B¢Jtton BLI 18N Sollcltors Wrigleys Soli(itors LLP 19 CookrKlge Street Leedg Yorkshi LS2 3AG

THE ISLAMIC CULTURAL CENTRE ZAKARIYYAJAAM'E MASJID TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER2023 The Trustees present their annual report and financial 5tatement5 forthe yearended 30 November 2023. The flnancial statements have been prepared in accordance witt) the accounting policies set out in note I to the flnancbal starements and complywith Ihe Charitys goveming document daied 29 November 1993 as amended on 31 March 2012, the Charitie5 Act 2011 and'Accounting and Repofty'ng by Charities.. Statement of Recommended Practice applicable to charities preparingtheiraccounts in accordance with the Financial Reporting Standard appll¢able In the UK and Republic of Irelanij IFRS 1021. lelfective l January 20191. Obleetlves and actlvltles The Charity's objectives are to advance the religion of Islam and to advance the education ol the public. within Bolton and a150 use our inlluence woilth¥lde. Each yearourtru5tees r￿eW ourobjectives anii actiwlies to ensure they continue to reflect our aims. In carrySng out this review the trustees have considered the Chaiity Commissions general guidance on publi¢ benefit and In particular115 supplementary public guidance on ihe advancement of reliwon for the putsllc benelll. The Trusiees have paid due regard 10 guiijance issued bythe Charitycommission in decidingwhat activltie5 ltte Charity should undertake. Our lon8 term commltment Is to redevelop the older Masjid buildlng Into a new Madrassah and Communitycentre lo cater for ihe older and youngergenerations from ihe wlder community. Plans have been drawn up and need revlewing. The year on year in¢rea5e in lund5 has been a positive step, in makn'ngihis project a reality. Audltor8 The charity has engaged the prolesslonal serylces ol SKM Chartered Accountants io act as audllors lor the fee of £2,750 Athlevements and pertormanee The Charity continued it5 religious activities during the year. The past year has again seen the Charity making substantial positive strides by: Providing open days to people ol other lailhs or no laiths Improving community cohesion through an extended level of sports and youth actlvlty provisions Holding evenis throughoutthe yeai to give people a better understanding of Islam The total income for the yearof £811,21112022'. £776.1651 Ihe main contributing factor to thls is donation5 lor charitable activities. Success Is assessed usingthe5e quantitative measures:

Moasuro Criteria Pass l Fail Number o15chool visi15 Number of ¢ommunity events Number of appeals lor international relief Congregational Daily prayers Minimum 10 Minimum 10 Pas$ Pass Minimum 3 Pass 5 prayer8 . 365 day8" Pass Flnanclal revlew At the year end, overall reseNes loialed É4.143.89112022: £4,071,064), Restricied reseNes total £3,739,413 12022.. É3,687.5201. The charity retains reseryes as a coniingencyagainst opefational fisks and lor investment in Strategic projects. The amount of unTe5tricted reseNes atlhe year end totals £404.47812022= £383,544). It is the policy of thp Ch3rity that unrestricted Iltnds which have not been designated for a specific use should be maintainetj at a mlnlmum level of £50,000 held in cash al any one lime. The Trustees considers rhal reseNes at ihis level will ensure that. in the event of a significant drop in funding, they will be able lo continue the Charity's current activities while conslderation is ￿Ven to ways in which additional funds may be raised. This level of reserves has been maintalned throughout the year. The Charlty5 restricted funds relates to $pe¢ific charilable prolects The Charlty ha5 no longtem) investments. Our cash Te5eNes are held In deposlt accounts only. The interest earned Is ¢onsldered bytheTrustees as a gift from the UK bankingsystem. The Trustees have assesseo the major rlsks to which Ihe Charlty Is exposed and are satisfled thai sysiems are In place to mitlgaie exposure lo the major risks. Plans forluture perlods The Charity aims to continue to provide support to both the younger and oldergenerations within the area of benetit by providingfurther education where necessary. Structure, governance and management The Charltywas esiablished bya charilable trusi deed on 5August 1969, wllh the conslliution belng sealed by the Charities Commission as a Charity Commission scheme on 29 Novembei 1993. The Trustee5 who served during the year were.. MrA Mohmed MrEAMusa Mrlmseth MrSGiga Mr A Lakhi Mr M N Kalhrada Mr S Kola Mr M Hussain Mr A Limbada

Mr F Chapri Mr M A Atcha Mr A E Atcha Mr l Umarjl MrAPatel None of the Trustees has any beneticial intefest in the company. All ol the Trustees are members of the company and guarantee to contribute El in the event ol a wnding up. Organ15allon and appolntment and tralnlngof truslees The Charity is managed by an Executive Committee ol Trustees whose cornposition is detailed at the front of this ijocument. The trustees meet monthly on a formal basis and they also spend a consideiable amount of time on a dailylweekly basls managing and developingthe charity and 115 activities. Any member ofthe Charity has the light lo be elected to the Charttys Executlve Commlrtee. Nomlnatlons must be proposed by a member and seconded by another before ihe Annual General Meeting. If more nominations are received than needed. then a ballot Is conducted. wth those recemng the mostvotes being duly elected. The Executive Committee consists of lifteen members. Once elected each member serves for two years and shall retire at the second Annual General Meeting. following their election. bui shall however remain eliijble for re. election. In addillon to Ihe Executive Committee, Ihere is also a Trustee Committee consis(Ing of Ilve members, elected by the members at the Annual General Meeting. Once eletted ihese HoldlngTruslees hold olllce lora period ol live year5 from the date of election. The property and all assets ol the Charity shall be vested in the Trustees Commiltee, to be dealtwith by them as the Executive Committee shallfrom time to time direct by resolution. In the case ol the resbgnation ol the entire Executive Committee. the Trustee Committee will be responsbble lor allthe allairs ol the Charlty. Statement ol tru5tees' r•$p¢nslbllltle$ The Trusiees are responsible lor preparing the TrU￿ees. Report and the flnanclal siaiemenls in accordance with appllcable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accountlng Practlcel. The law applicable lo charities in England and Wales requires the Tfustees to prepaie linancial slalemenls for each financial yearwhich give a tfue and fairview of the state of affairs of the Charity and ol the incoming resources and application ol resources of the Charity loi that yeaf. In preparlng these financial statements, the Trusrees are required to.. select suitable accounting policie5 and then applylhern consistently. - obse*ve the methods anil principles in the Charities SORP,. - make judgements and estimates that are reasonable and pnJiJent- siaie wheiher applicable accounting standarijs have been followed, subjeu to any materlal departllfes (Jisclosed and explained in the financial statements- and prepare the financial statements on the Eoingconcefn basis unless li is inappropriate to presume that the charity will continue in operation.

• prepare the iln8nclal s￿leMentS on thegolngconcem basls unLess11 ts InappropTlat•io presume that the chaiity wlll conlinve In opèratlon. ThèTrustees aTg respo￿sIbl¥for ko0p5ngsuffle￿ntacCtsUn1l￿Tèc0rds thatdisclose ￿1th reasonablè a¢¢uracy at any Ilme thelinancial pOs￿"0n oflhe Charityand enabiethem to ensure thai the tinanclal statemellts complvwth the Charltles Ad 2011. the Charlty IA¢counls ar)d Aeponsl Reguiawons 2(108 and the wov1511Ins ofthe trust deed. They are also responsible for safeguardingthe assets of tho Charttyand hence for taklngreasonable steps for the prevenlion and detection of frau¢ and other IrreguiartUe5. The liustees. retKJrtwas approved bythe Boaid of Trustee& Mr EdTlsA Musa Managem¢ntTrwt¢e Date.. Mrslrazlssa Giga Man4emenlTruslee Date: fMAv&J4-J 2 D 2

Independent auditor's report to the trustees of The Islamic Cultural Centre Zakarlyya Jaam'e Masjld Oplnlon We have audited the financial statemenis of The Islamlc Cultural Centre Zakariyya Jaam'e Masjid I'the charity'l for the year ended 30 Novembe¥ 2023 which comprise ihe Statement ol FinancialActivitie5. the Balance Sheet, the Statement ol Cash Flows. and notes lo the financialstatements. includingsignificant accouniing pollcies. The Ilnancial reporting Irameworkthat has been applied in their preparation 15 applicable law and Uniied Klngdom Accounting Standard5. including FRS 102The Financial Reportingstandard applicable in the UK and Republic ol Ireland (United Kingdom GenerallyAccepied Accounting Piacts"cel. In our oplnlon, the1Snancial statements: give a true and fair￿eW ol the slate of the chaiity's affairs as at 30 November 2023 and ol its Incoming resources and application ol resources lor the year then en¢Jed,' have been properly prepared In accordance wlih Uniied Kingdom GenerallyAccepted Accounting Practlce,. and have been prepa￿0 In accordancewith Ihe requirements ol The Charliies Act 2011. Basls for oplnlon We conducted our audlt in accordance wllh International Standard$ on Auditln8 IUKI (l￿S IUKII and appllcable law. Our responsbbilllies under tmose siandards are lurther descriLied in the Auditor's responsibiliiies for the audll of the flnanclal statements section ol our report. We are Independeni of the charity in accordance with the ethlcal requirements that are relevant to ouraudit ol the financial statements in tbe UK. includingthe FRC'S Ethicol Standard, and we have fulfilled ourother ethical responsibilities in accordance with these requlrements. We believe that the audit evldence we have obtained is suflicient and appropfiate to provlde a basis forour opinlon. Concluslons relatlngio iolni concem In auditing the financial statemenis, we have concluded that the trusiee's use of Ihe golng concern basis ol accounting in the preparation of ihe financial statements is appropriate. Based on the workwe have pertormed, we have not identified any maiefial Ltncertainties relaiing lo events or conditions th21, individually orcolleciively, maycast significani doubt on ihe charity's ability to continue as a golng concern lor a period of at least 12 months Irom when the hnancial statement5 are authorised lor issue. Our iesponsibllitie5 ant1 the responsibiliDes olthe tnjsreeswih respect ￿E￿nE¢Onceffl arede5cribe(J in thè rèllwant sections ol thi5 report.

Other Informatlon ThIoiTher Infoimaiion compri5esthe Inlormakn intheamuoi rvpD¢ ¥tiUd￿th1tr￿$ta1s. l•POrt,Olh•rthanthe flnancial star¢ments and oui auijn￿5[e￿rttner￿￿.7nfDj￿IeSare{ESp0n￿b1e1Qftr)e OihEr inlrxmètionconlalnèd withlnthe annual IB wrL Ouroplnloftortthe financlal statemenlsdoes nottLw¢itheothw ￿l￿natIon aThJ, exttpttoth8 e¥i•ni oth&￿i￿e expilc6Uy stated Inour report.W4 domt WfV55ryforrvdasswan¢e ¢on¢luonlheYeon. Our responsibillty is to read the otherlnformatfon and. In dolng so. ¢onsidETwhetherthe othor Inlomi￿l0nI5 materlally Incon515teni wlh Ihelihanclal stslements w oui knoAledge obtalnad In the course ol the audiL or oltterwbse appearsto be materf•lfy mis5tatsd. Ilwe Identity such meffial In¢onsi5tencies or apparent fnaterf81 mlist•temerts, wo are requlied todeterminewhetlw th1$ g￿e$ iise lo a rnat8rlalmlsstatemEM In ihe flnancial slatement$ thèmselves.11. based on the wortwe have performed. conclude thatthere isa matelal misstatement 01 this otherinlorrnatlon, we ale requi￿0 lo reportthat lacl. We h•v•ntsthlffjto ¢•portinthlsi•4d. M8tt4r$ M thlch vm ar• r•qulrnOto rnwtby•x¢•pOon In the Ilght olthe kncv4tedge and understsndlnuol thechérlryand ltsenvlronmeni 01Aah￿d In th• ¢ouise ofthe 8udlt, we hav• not Idont1fl0d maierlalmlsstal•mfrnts In lh• tfUStees' Tepon. We have nothlnglo reportln respect otthe f0llthv1r￿ Matte￿ In relailon lo¥thlch the Charities (Accounts and Report$l F¢egulatl(M)s 2CQ8 requiwe usto rnportioyou. 5t, In ouroplnlon. based on the workunoertaken In the • ihe Infomiion given In the trustees. report Is Incoftslslent In anymaterf•l ￿$pa¢¢With the financlal stalementg: sufflclent accountlng ￿cOrdS have noi been I￿1. or • the Ilnanclal siatem•nis ar8 In a8mment￿th th•xcouniingTecorOs: or we have notr•cetv•d allthe In1￿matIOn and explarRtlons we reoulre for our audlt. R•wonsthlUtl•$ oftrusts•S As expialned more lulty InlhelTU8tses' responJlbllltOe2 8tatemenr. thethiste¢s are responslble lor Ihe prepaiatton ol the Iln8nclal stst•ments and for beinEsatlsfled thatthey gfve 8 Mie and falrvlew, and lor wch Iniernalconirol as the trustes d8temiine is neeessaryto enable the preparauon of linanclalstate¥nents that aFe Ir8e Irom materialmisstatement. whelher due io fraud or error. In preparing the linandalstslements. Ih@ tW5tees are ￿SpOnsIble lor4ssessing the chatiiY5 abllltyto continue as a going eoncern, disclosing, as applicable. matters retsied to going concern and using Ihegoing concem basis of 8c¢ountlng unless Ihe trustees either Intend to Uquldarethe chaiity Drto cease operailons, or have no reaustlc alternatlve butto do 50.

Auditor's responsibiiitlès foi the audlt otthe Ilnanclal statements We have been appoinied a5 auditor under Section 144 Charilies Act 2011 and report in accordance with the Aci and relevant regulation5 made or having ellectthereunder. Our objectives are to obtain reasonable assurance aboutwhetherthe flnanclal statements as a whole are free from materlal mlsstaiement, whether due to Iraud orerror. and to Issue an auditor's reportthar includes our opinion. Reasonable assurance is a high level of assurance, bui is not a guarantee that an audit conducted In a¢cordance with ISA5 IUKI will alway5 detect a matenal misstatementwhen il exists. Missiatemenis can arise Irom fraud orerror and are considered materlal11, Indivldually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis ol these linanclal statement5. Irregularities. Includlngfraud, are instances of non-compliancewilh laws and regulations. We deslgn procedures In Ilne with our responsibilities. outlined above. lo delecl material misslalemenls in respect ol irregularities, Includbng fraud. The extent lo which our procedures are capable ol (Jetecting irregularities. In¢luding fraud is Our approach lo identifying and assessing the risks ot materlal missratemeni In respect ol Irreguiarlties, Includlng fraud and non-¢ompllance wllh laws and regulations. was as lollows: •lhe engagement partner ensured that the engagementteam collectively had the appropriate competence. capabllities and 5kn'11s to identify or recognise non-compliancewith appllcable laws and regulatlons; •we Idenisfbed the laws and regulatlons appllcable to Ihe ¢ha¥itythrough discusslons wllh trustees artd other management, and from our commercial knowledge and experience ol the charity sector., •we focused on specific laws and regulations %thich we considered may have a direct matertal effect on the Ilnancial statement5 orthe operations ol the charity, includingthe Charities Aci 2011. bwe assessed the extent ol compliancewith the laws and regulations identified above through making enquiries of management,. and •identilied laws and regulations were communicate(J within the audit team regulariyand the team remained alert io instances of non-compliance throughout Ihe audit. We assessed the susceptibility of the charity's linancial statements to maierlal mlsstatemenl, Includlng obtabnlng an understanding of how fraud might occur. by.. •making enquiries of management as io where theyconsidered Iherewas susceptibilttyto froud. their knowledge •consideringthe internal controls in place to mitigate risks of fraud and non.compliance with laws and reguLation5. To address the risk of fraud through management bias and override of controts. we- io

'performed analytical procedures to idenlifyany unusualof unexpected reLation5hip5- •invesiigaled the rationale tsehind significant or unusual transactions- and •reviewed income and expenditure to ensure there was suflicient approval an(J oversight ol the financial transactions. In response lo the risk of irregularities and non-compliancewlh laws and regulalions, we designed procedures which included. butwere not limited to.. •agreeing Ilnanclal statemeni dlsclosules to underly6ng supporting documentation., •readlngthe mlnutes ol meetings of those charged wth govemance., and •enouiring of management as to auual anil poiential litigation and claims. There are Inherent Ilmitallons in our audit procedures descrlbed above. The more removed that laws and regulations are from financial transactions. the less likely li is that we would become aware ol non.¢ompliance. Auditing standards atso Ilmlt Ihe audit proceduies required lo iijentity non.compliance wlth laws and regulations lo enqulry ol the Iruslees and other management and Ihe Inspe¢iion of regulaiory and legal coNespondence.11 Materlal misstatements that arise due to Iraud can be harderto detectthan those that arlse Irom error as they may Involve deliberaie concealment or collusS0n. As part ol an audit in accofdance with ISAS IUKI, the audiior exerclses professlonal judgment and maintains professlonal scepticism Ihroughoul the au(lil. The audilof also.. •Obtains an undersiandingol iniemal control ￿levant tothe audit in order to design audit procedures thai are appropriate in the clrcumstances, but notforthe purpose of expressing an opinion on the effectlveness of the enllty's inrernal control. and •Evaluates the appropriatene55 01 accounting policies used. The auditor communlcates with those charged wilh govemance regarding. among other matters, the planned scope and timing ol the audii and significant audii findings, including any significani deliciencies In internal control thai the auditor idenlilies duringthe audit. Reportlng on the financlal slalements The audiior's report is required to contain a clear expression ol opinion on the financial statements taken as a To form an opinion on the financial statements the auditor concludes as towhether.. li

bthe financial staiements adequately referto ordescribe the applicable financial ￿ porting framework. •the Ilnancial statements approprlaiely disclose the significant accounting policies selected and applied. In making this evaluation, the auoilor considers the relevance of the accounting policies io the entity and whether they have been presented in an understandable manner; •lhe accounting policies selected and applied are consisieni With Ihe applicable financial reporting Iramewofk, and are appropriate.. •lhe accounting estimates made bythe trustees are reasonable: •lhe inlormallon presented in the financial statements Is relevant. reliable. ¢ompa(able and un<Jerstandable. In makingthis evaluation. the auditorconsiders whether: bthe information that Should have been included has been Included, and whethe( such Informatlon Is appropriately classified. aggregated or disaggregated, and characterised: and •the overall presentation ol the Ilnancial statements has been undermined by Includlng Inlormailon that Is not relevant or that obscures a proper underslandingol Ihe mauer disclosed., •the financial staternent5 provide adequate disclosures lo enable the Intended users lo understsnd the effect of material transactions and events on the Information conveyed in the linancial statements.. •the lermlnology used in the financial statements. including the tltle ol each Ilnanclal slalemenl Is appropriate. When the financial statements are prepared in accorijancewilh a fair pfesenlalion framework, the auditor also evaluates whether rhe financial staiements achieve lair presentation li.e gives true and fair view) Including conslderatlon of.. •the overall presentatlon. struciure and content of the Ilnanclal statements; and •whetherthe fbnancial statements representthe undertying transactsons and events in a manner that achleves fair SKM Chartered Accountants is eligible fof appointment a5 auditor of the charity byvirtue of it5 eligibilityfor appointfnent as audiior ol a charity under section 1212 of the Companies Act 2006. Use of our report Thi5 report is made solely to the charity'5 trustees. as a l)o¢Jy, in accordancewlth the Charitles Act 2011. Ouraudit work has been undertaken so thatwe might State to the trustees those matters we are required to 51ate to ihem In an auditor's report and for no othei purpose. To the lullest extent permitted by law. we do not accept or assume responsibility to anyone other than the chantys inJstee5 as a body. lorour audit work. for this report, or lorthe opinions we have formed.

Use olour report This ièport Is mad• solglyto lh• eh8rlty$ tnJ$t8•s. as a body. in a¢￿￿￿￿nCe with ihe CharltiesAct Zoll. Our audll work has been undertaken so lhat¥￿ rnighl state tothe IN5teesthose matters we are requlred lo staleio them In n authtor's r8pon ard toi no othqrpurpose. To ihefuliesl exteTrt permrttsd ty￿, we do not acce0 or¥3svme responsibllityto anyone othei than ihe chairtYstn￿tèsaS a bo¢y. l(x ourauditwofk, loi ihls report. or tof the opinions we have formed, Shamlm Mahomed, SKM Chartefed Accovntsnts. St8lutoryAuditor Pegasus Hosjse. Swlnckley Court, Mountsireet, Preston. PRI 8BU 202 ¥, 13

THE ISLAMIC CULTUFIAL CENTRE ZAKARIYYAJAAM'E MASJID STATEMENT OF FINANCIALACTIVITIES INCLUDING lNCOMEANDEXPEND￿uREACCOuNT FOR THE YEARENDED30NOVEMBER2023 Unrestricted Ufftrestrtcted Restricted Funds Trfll Total Fwnds Funds 2022 24 2022 2022 Noils InGorn•trom'. 618.911 19ZA30 811.341 356.901 419.284 776.165 Éxp•hdliw•on-. S97,977 140.537 738.S 326.314 4101,470 727,784 NotlKoM•iiiwno￿￿rni1or th+￿Ar￿ NDtmowmqfitlnfund5 20,934 Si.893 71827 30,587 17,794 48.381 Fun¢ bèUryDcE54110ECthbvt 3,687ts20 4.07L 352.957 3.869,726 4.022,683 Fundb•laM•iJtsno¥ 404.478 3.rn.413 4.143.891 3.687,S20 4.071,￿4 14

THE ISLAMIC CULTURAL CEIrnIE ZAKARIYYA JAAM'E MASJID 8ALANCE SHEET ASA T30 NOVEM8ER2023 2022 2022 Non CuirentAgs•ts Tanglbieassets Oebtors 3,186.834 3.251,661 3.185.834 3.251,661 c￿rIntH￿SE￿ Inventory Debtors Cash al bankandln hand 3S.O 67,778 io 83.873 728,909 847.782 977,730 Cr•dRoTh." Iffl•u￿ th￿WIthIn QTr•y•4r li IlJ.673 128J79 NOt￿rrenta¥s1ts 958.057 819,403 Tolal au•ts i•M cuirnnl IWIWU•s 4.143.891 4,071,064 In¢omo tund• Restsiciod funds UnfestTkcicdlunds 3.739.413 404,478 3.e87,520 383.544 4,143,891 4.071.064 Mr EdrlSA Mu5a Trusts• 14rSraz Issj GIKa TNst

THE ISLAMIC CULTURAL CENTRE ZAKARIYYA JAAM'E MASJID STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30 NOVEMBER 2023 2023 2023 2022 2022 Nel Income 72,827 48,381 Add: Non Cash Items Depreciation 65.827 67.441 Changes In Worklngcapltal Increase In Inventory Increase in Debtor5 Increase in Creditors 135,0001 127,2071 10.489 16.095 18,7071 7.389 151,7181 Cashllowlrom InvestlngAcllvltle$ Purchase of Fixed Assets 13,3801 13,3801 Ca$hflowlrom Flnan¢lng Acllvltles Net Cash Movement Cash and Cash Equlvalent Opening cash and Cash Equivalent Closlng cash antt Cash Equlvalent 146.043 60.724 728.909 874,952 668.185 728.909 Mr Eoris A Mu5a Trustee Mr Siraz Issa Glga Trustee 16

THE ISLAMIC CULTURAL CENfRE ZAKARIYYA JIAM'E MASJID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 l Aeeounttrfpolkl•• Ch•ilty 1nloTmai￿l The181Amlc Culwralcentre Zakari￿ajaam,e Masjid is a ¢harltyr•Osteied in England and Wales. The re8iSt8red address Is zakart￿8 Jaam'eMaslld,20 PeactStre•L Bolton, BL3 SU. 1.1 A¢￿UnI1￿ Con￿ntIOn Th¢ accounts have l)thn ptepK•d In aCCOfdancevAth the ¢Mnlng do¢umentscheme dated 29 November 1993as amended on 31 March 2012, Charmes Act2011 and'AccoLbnllng and Reportlng by Charllles.. Statement ol Recomrnenijed Praciice appllcabieto charltles prwaiingthelr accounts In ac¢ort1ancewith the Financlal Reporting￿andard applicable in the UK and Rewbllc ol IrelAnd IFRS 1021, la$ amended lor accountin8periods commenclngfrom I lanuary20161. The Chafity is a Publ1¢ Benefli Entityas dellned by FRS 102. 7h8financl81 statements are preparèd In sterllw whlch isthefunctlonal currencyof the Ch8rlty. Mon￿ary amounts In thes91inrtlal slateimnts are rounded to the nearest£, Th•llnanclal statements been prepared undertr*lstortcal cost conventlon. 12 Golw ¢oA¢•rn Atthe tlme of approvingthe ffnancial stalemefits. IheTru$leeg have a reasonable expectat1￿ that the Charity has adequaie resources to contlnue in opeiallonal exsslence for the lore5eeable fulure. Thus theTrustees continue ioadopi the goin8concem basls otaccounling in prepailngthe finanelal siaioments. 1.3 GharllaN¢ lundg Unre51rlcted funds ale availaNeloruse at the dlscretion of theTrustees in turtherance of thelw harilatsle otyectives. Restrlcted funds aresuojecl tc speclfl¢ condltlons bydi)nLW5 as to howtheymay be used. The purposes and use5 01 the restilcted funds a￿ set out in the noies to the linancial Statements. Endowmentfunds a￿ subleetto gpe¢ili¢ con(thlion$ by donorsthatthe capitsl must be maintalneo the Charlty. 17

1.4 Income Income is recognised when the Charlty is legally eniitled lo Il after any pertomiance conditions have been met. Ihe amounts can be measured reliably, and it is probable thar income will be received. Cash donations are recognlsed on receipt. Otherdonations are recognised once the Charlty has been notified of the donation. unless performance conditions require deferral ol the amount. Income lax recoverable In relation io donations recelved unijer Gift Aid or deeds ol covenant is recognised al the tlme ol the donatlon. Legacies are recogni5ed on receipt or otherwise itthe Charity ha5 been notified of an impending distribution. the amouni is known. and receipt 15 expected. If the amount Is noi known, the legacy Is treated as a eontlngent asset. 1.5 Exp¢ndlture Expendlture Is recognlsed once there Is a legalor¢onstru¢tlve obligatlon to transfer economlc benelll lo a third paty, il Is probable that a transfer of economlc benetiis wlll be required in setllemenl, and the amount ol the obligation can be measured reliably. Expendlture15 classified by activity. The cosls of each activity are made up of the total of dlrect Costs and shared costs. Includingsupport costs involveij in undertaking each a¢tiwty. Direct cosis attrlbutable io a slngie actlvity are allocated directlyto that activlty. Shared cosis which conlrlbute to more rhan one activity and support costs which are noi attributable io a single activity are apportloned between those aCtI￿lieS on a basis consisienl ￿th ihe use of resources. Central staff costs are allocated on the basis ol time speni. and depreciation charges are allocated on the portlon of the asset's use. Expendliure 15 recognised when il is incurred and Is reported gross ol related income on the lollowlng basis.. Charitable activities include all expenditure associated with the operation of the Zakaria Mosque and Cultural Centre (including irrecoverable VAT on these amount51, and ¢haritable donaiions marle by way of Charity Sadka. Governance cosis related to accounts and audit fees incurred (including irrecoverable VAT on these amounts). 18

1.6 Tangible flxed assets Tangible fixed asseis are initially measured at cosi and subsequendymeasured at cost orvalualion, net ol depreciaiion and any impairment losses. Depreciation is recognised so as towrite ottthe cost orvaluation ol asset5 le55 their residual value5 over their useful lives on the lollo￿nI base5= Land and buildings 2% reducing balance Fixtures, fitting5 & equipment 25% reducing balance The galn or loss arislngon the disposal of an asset Is determined as the dlfference between the sale proceeds and the carrying value otthe assei, and Is (ecognlsed In the starement ol financlal actlvlties. 1.7 Impalrment of tlx•d a55et5 Al each reporting end date. the Charity reviews the carrying amounts of 115 langlble assets to determlne whether there is any Indicaiion that those asset5 have suffere(J an impairment loss.11 any such Indication exlsts. the recoverable amount of Ihe assei is estimated in orde( to determlne the exieni ol the Impalrment loss lif any). 1.8 Cash and cash equbvalents Cash and cash equlvalenls Include cash In hanij. deposlts held al call wlth banks, other short-lerm liquid Investments with original malurilies ol three months or less, and bank overdrafts. Bank overdralls are shown within borrowings in current kn'abilities. 1.9 Flnanclal Instruments The Charity has elected to applythe provisions of Section Il'Basi¢ Financial Instruments. and Section 12'0iher Financial Instruments Issues. of FRS 102 to all of its financlal Instruments. Financial instruments are Tecognized in the Charivs balance sheet when the Charity becomes paty to the contractual provisions ol the instrument. Financial assers and liabilities are offset, ￿th Ihe net amounts presented in the financial statements, when there is a legally enforceable righi lo sei off Ihe recognized amounts and Ihere Is an intention to settle on a net basis or to reau.ze the assei and sellie the liabl￿"ty simultaneously. 19

Baslc financial assets Basic financial asseis. Ipthich include debtors and cash and bank balances. are initially meaSVTed at iransaction price including transaction costs and are subsequentlycarried at amortised cost using the effective interest method unless the arrangement coh5tilutes a financing transaction, where the transaction is measured ai the presentvalue ol the future receipts discounied at a marker rate ol inieresl. Financial assets classified as receivable within one year are not amortised. Baslc flnanclalllabllbtles Baslc Ilnanclal liabllilies, Including Cfeditors and bank loans are initially recognlsed al transaction prlce unless the arrangement cgnslitutes a financing Iransactson. where the debt instrument is rneasured at the present value of Ihe future payments discounted at a market rate of Inierest. Financlal Ilabllilles classllied as payablewithin one year are not amortised. Debi Instruments ale subsequently carried al amortised cost, usingthe ellective Interest rate method. Trade creditors are obligatlons to pay for goods or services that have been acqulred In the ordlnary course ol operations from suppliers. Amounts payable are classified as cuffeni Ilabilities il payment Is due wllhin one year or less.11 not, they are presenied as non-current liabilities. Trade creditor5 are recognlsed initially at transaction price and Subsequently measured at amort15ed cost using the effective interest method. Derecognltlon ol flnanclal llab1ll￿e9 Flnanclal Ilabllitie5 are deTecognised when the Charity's contractual obligations expire oi are discharged or cancelled. 1.10 Employee beneflts The cost ol any unused holidayentitlemeni is Tecognised In the period in which the employee's services are received. Termination beneflts are recognlsed Immediatelyas an expense when the Charity Is demonstrably committed to lemiinate the employment ol an employee orto prowde termination benefits. Financial asset5 and liabilities are offset. with the net amounts presented in the financial statements, when there 15 a legallyenforceable right to set off the recognized amounts and there is an intention to settle on a net basis orto realize ihe assei and settle the liability simultaneoLFsIy. 20

1.11 Fund8 Thtlunds ofThe Islrt Cutturalcentre. Zakarta Mosque Bolton conslsts of unrestricted and r8Strlcted fund5. A restrlc¢¢d lund was crealed and audonatlons recewedloisharilatAe cause5. Otheithan Zakorla Mosqtje 8otton Charity have been dutytTealeO as r¢stfleted, and Ihusthe resultingdonatlons ale hel as a rtr5tricLed luno. UnrÈstrlctBd funds are dO￿a￿OnS and ots Incomlngresources iecelvablefor the object ofthe Charfty wlthoutfvnher specilled purpose and afeavailableas ge￿la1 funds. 1.12 Don•tsd $oTrle•s Where seryi¢¢s are wovltted toihe Charlty a5 a (k)niUon thatth￿￿1d normally be wrchased trom suppliers, thts contrlbuilon Is Included in theflnanclalstatem8nts3tan ostlmbte baled ontho value of the contrllyjtlon to the ¢harSty. 2 Crltkal •¢countl￿ esumatu lud¢•mqnts In the gtvllcotlon of the Charws accountlng pollcles. Trsjstees are requlred lo Make ludgements, èstlrnates and a$sumpllons atr￿Ut the carrylngamount o18ssets and Uablkltles thatare not r88dily4pparenl trom other 50tiree$. The estlmates and 0sSOCiated assumotons are based on hi5torlcal•xperlenceand othéffactorsthalarn consloafedto b• relevani. Actu81 restslis may dlffer trom th85¢ e$tlmats8. The estlmaios and uthrtylniassumNion5 arè rthfjewed on 8n onio4ni basls. Revlslonsto accounion8 esllmates afe reeounised in the perlod In whlch the estlmate Is fevl$8d wherethe [￿S1On afie¢is only that perlod, OT In the peilod ol revlslon and future perlods whwe Ihe revlslon afte￿$ both curreni and luiure perlods, 21

THE ISLAMIC CULTURAL CENTRE ZAKARIYYAJAAM'E MASJID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 4 Charlty Payment5 2023 2022 Gran15 to institutions iu grants).. Food Store Ba5anthi Chanaka Morocco Earthouake DonatSon Qamar Foundation Turkey, Syria Earthquake Donation Global Rahmah Special Children11961 Ehs3n Trust Al Manahel Al8hanlstan Donailon gollon H05Pltal 8MCC 8oltDn Council of Janlaza Other donaiions Pak151an Flood Donation 4.600 49,650 54,652 25,258 15,900 29,819 3.050 12,415 25,200 33,527 33.600 6,533 80.000 si 23,379 14.251 12.250 201,852 12.67S S Try5te•* None of the Trustees lor anypersons connecieowrth Ih8ml feceNed aryfemun8faiion durlngiheyear. but none of them weie relmbursèd toriravelllngexpenses 6 Audltort R•mun•raiion 2023 2022 Audit lee 3.300 3.300 3,300 3.300 7 Employees The average monthly number ol employees duringthe yearwas.. 2023 Number 23 2022 Numbei 18 Administration Empltyment cosis Wages and salaries Social security Costs 118,419 3.542 108,307 3.359 There were no efnployee5whose annual remuneration was mDre Ihan E60,000. 23

THE ISLAMIC CULTURAL CENTRE ZAKARIYYAJAAM'E MASJID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Taxation The Islamic Cultural Cenlre. Zakaria Mosque Bdton is a registered charity and as such its income and gains falling within s.505 ICTA 88 or s.256 TCGA 92 are exempt from corpor8tion ts¥ to the extent that they arg applied lo charitsble objectives. T¥nglbl• flx•d •$$t L￿d •nd 8￿￿lIn0 Fl¥wrn•, Fftllnw & Equlpffl•nt Tot41 Cost Al 1 De¢emt4r 2022 Additions 3,593.467 3.682,413 AI 30 Nov&mber 2023 3.593.467 88.946 3.682,413 D•precSatlon and ImpaSrni•nt Al 1 Do¢&mber 2022 Depreciation charged in Ihe year At 30 Nov8mb8r 2023 345,257 85.495 430,752 65,827 496,579 410,221 86.358 Carylng amount AI 30 November 2023 3.183,246 3.185,834 At 30 November 2022 3.248.210 3,451 3,251,661 10 D•btorn 2023 2022 Amount* falling du• wlthln on• y•ar. Other d¥blor$ 67,778 131,148 Less.. Bad Debts written off 147,2751 Total debto 67.778 83,873 24

NofESTO THE FINANCIALSTATEMElllSlQONTIIIUEDI FOR IIIEYEARENDED3LINOVEMBER2Q23 Tpi•l eu•ni•J ty. T4VJbF•g•M XIBV J.2th210 439J10 101 •Jl.470 &rn413 ).017.32 é.071. wdp¥kn¢qd £l.LkXI•wpwwth try•v.