Charity registration # 271538 THE BALHAM MOSQUE Annual Report for the year ended 3 1st March 2024 MIAIDI AND CO STATUTORY AUDITORS 241 Milch(mi Roa4 Tooisng, London SIV17 9JQ Ttlephtyjbe: 0208 767 231NJ, F*i: 020 8767 9110 ThE BALHAM MOSQUE fornation Tru$t¢¢$ Sir Iqbal Sacranie Mr.Harn￿ Karim mr.Har0￿ Daud Mr. Mohammed AY￿ Niazi Mr. Farouk Valimohamed Mr A K Am¢j¢¢ Mr Aniz Jussab Rtyi$l¢red Offlee 47A Balham High Road London SW12 9AW Auditor$ M.Zaidi and Co Statutory Auditors 241 Mit¢lwn Rogd London SW179JQ Banken HSBC 117 Balham High RoAd L4)ndon SW17 9AJ Nalional WeslmiTh5ter Bank Pl¢ 63 - 65 Piccadiity WIJOAJ Al Ra￿) Bank 77-79 Edgwire Road London W2 2HZ Charity Reg Number 27153 THE BALHAM MOSQUE Contents Pate Twstees, Annual Report Auditods Report Statement of Financiol Activilies Balance Sheet Notes to the Accounts 10-17 THE BALHAM MOSQUE TRUSTF.ES' ANNUAL REPORT FOR THE YEAR EPIDED 315t MARCH 2024 The TTusi¢es Present their report along with the fuwL¢i)I statements of the charity for the year ended 31st Mgrch 2024. The Balham Mosque. loGa¢¢d at 47A B01ham High Road, L￿d0Th SW12 9AW is register￿ with the Charilies Commission (Regislraiion Number 271538) and (yerdtes under a DetAI of Trust. Prineip•l Oblectives Ind Actlviil The princip81 objectivies and activiti¢s of the Charity are as follows: (41 Establlsh Dally gnd Other Prny¢rs: Facilitaie the five daily pray¢r$ and other n¢cessary wayers to serve the Muslim ¢ommunity. (b) Support Rellglous Acilvliles: Provide help and facilities (w religiou5 aaiviiies. in¢ludin8 marri•g¢s and funerni rites. (c) Zgkat and Ch#rlt8ble Funds: Organis¢ the coll¢¢tion and distribuiion of Zakw and other CharL￿ble funds in line with Islamic prin¢iple5 artd th¢ laws of England and Wales. (d) Advance Understanding of islam: Promo* the practire and understanding of Islam through education and awmess initiallves. (e) Islami¢ InstructiTrn: Offer facilities for Islamic educ&ion by or8onisin8 re8ular classes for children adults. (D Address Community Needs: Cat¢r to the Muslim communitys educational. social. ¢ulturnL spiritual. healthrtlated rtquir¢ments (8) Promote Muslim Interests: RepTe5eni the colleciive interesLS of Mu51im5, voice opinions on pertinent matters, and provide training (e.8.. media trainin8) to equip the community for broader et￿gement (h) Funer¥l #nd BurS•l Servlcu: Offer facilities for mortuary service4 w¥shin& and burial of deceased Muslims. (l) E$tab115h SupportlDg Instltutlons". Help create and maintatii institutions such as librarie4 da%Y¥h centre5, and places of worship to advance the objectives. (J) Promote Islamlc Te¥ching5: Advocate for Is13mic teachings, enjoin g(MyJ. and forbid wron8 in 4¢¢ordantt with Shariah thrtyjgh vaTiQUS initiative5 and means. P8%e I THE BALHAM MOSQUE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2024 Riik Management The Trnstees have revi¢wed the major strat¢gic. business. and operdiionttl risks fa¢ed by the Charity. Systems have been established to provide regular rewtin& enabling proactive measures to mitigate these risks efferlively. Ch4rity's Structur4 Govern8D¢e and MaTragem¢Dt The ¢haTity rs made up of a btsgrd of Trustee& a Management Committee (or 'Office Bear¢rs'), and sU￿)MmIttee5. whi¢h oversee the functioning of the charity as well as the fu114ime 5alan.ed sthff who are responsible for the daY-￿daY nvming of our Celltres. Major decisions. su¢h as new projects, acquisiti￿5 of new 0s5eW le&se extensiott& and major renova¢ion programmcs, are approved by the Trusiees. The day-to4lay managerneni of the Mo4ue is overneen by the Management Committe¢. This includes the appointhieni and discharge of stsff, Madr8ss&h activitics. repairs, and maintenance, eic New TDJstee$ are appointed based (m their exPeri￿ce and knowledge of being involved in community organizalions. SaW levels are reviewed each ye4r by the Manag¢m¢nt Committee w ¢n5ure th¢y ¢oniinue to refleci markel rates and are fair relative to other jobs in the organization. Brltf deserlpt5on of charlty's aebl¢vements Ind perform•nee dMTln8 tb¢ period Charbty's Aehlevements and Perforffi*nce: Durin8 the reporting period, the Charity Trnstees hav¢ made si￿1r1C8nt Strides in fvlfillin8 the Charity's mission, benefiting both its members and the wider community. A key development has been th¢ Charttys decision to transition to a Charitsble In¢oTPOrnted Organisalion (CIO). This change aims io $trengthen govenwice. enhan¢¢ operaiional efficien￿, and ensure the Charity's long-tenn sustainability. Additionally. progress on the Cem¢lery proje¢1 remains J priority for the TnLStee& The Charity i8 coltaborating clos¢ly with consultants and is in th¢ process of fU￿1ZIng all nece$5ary reports and documentstion to advance the proje¢i. The Charity has a150 maintsiDed and ¢n1￿Ced its burlal 5¢rvices, prvviding families with essential support during challenging times. The Tn￿te¢S wish i(Tr ¢xtend their sincere grdtitude to the Ghusl ieam for their invaluable servi¢¢. Their dedicaiion to p¢rforniing this impor￿n1 dury with care and compassion provides vital support to families during difficult times. The Tn￿lee$ ath]owledge and deeply appreciate the significani role the leam plays in 5eThin8 the community. Pige 2 THE BALHAM MOSQUE TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2024 A successful Autism Awweness Event was held during the y¢ar. aimed * educating the conllnuniry and supporting families affected by Autism. This illitiative promoted inclusivity ond rnised awareness of the ¢halleng¢s fa¢¢d by those living with Autism. S¢hi)ol visits were hosted throughout the y¢ar, offering students an opporwntty to legm about Is]am. its principles, and PTaciic¢s. These visits f05tered understsndin& encouraged int¢rfaith dialogue. and engaged hildren in meaningful conversations about faith and value$. The Chariry also held a Health Check Evenl providin8 fre¢ health scre¢niDP and advi¢¢ to promote ¢ommwiity well-being. This initiative enabled individuals Io occess esseniial health 5¢rvices ond highlighted the importanc¢ of prevenuve eore. Throu&h the dedication of its TTUSttts, the Charity Ilas remain¢d steadfast in its c¢)mmitmeni to its core value8 and objKtives, playing a Yitsl role in enhoncing the well-bein8 and gTowth of th¢ community. The Trusttts reg#rds to the Charlty Commisjion's gvldante OD publ1¢ beDeflt It is always the aim of the tntstees to ensure the guIda￿e ptovided by the Charity Commission is tyken seriously and implemented. Reserve Poll¢y 1.1 It is the policy of Balham Mosque & Tooting Islami¢ Centr¢ to maintain fre¢ reserves at a level which balan¢es our objectives io develop and support service5 with our need io remoin financially stsble. 1.2 A minimum level of free res¢rYes equating to * lea￿ 4 mThJths of unrestri¢ted expendiwre 15 consid¢ffd sufficient to cover management, administration, ond support ¢osts and to resrxmd io emergency needs which arise from time to lime. 1.3 In addition, there 1$ 8150 ¥ need io desi￿atr ¢¢rtain SuU￿ fmn fr¢¢ reserY¢s for anticipated expendiiuie in the 5htsrt to medium tenn. 1.4 This would generally be (or capitsl expendittw¢ and will be ￿CIfied in th¢ notes to the annual aCWUDts. 1.5 It is anticipated that total free reserves. hrtcluding d¢signat¢d fijnds, would be maintained at a level of 4 months Of unr¢strict¢d expenditure. Plans for Future Periods The Trustees atr committ¢d to aligning future activi¢ies with the Charity5 ￿ objeLlives, ¢nsurin8 that b￿h current and emerging needs of the ¢ommwiiry are met with ¢xcelleDce and uJmp&ssion. P*ge 3 THE BALHAM MOSQUE TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31$t MARCH 2024 Administrative Detalls The day-t(Hlay responsibililies of the Tnjstees are I￿ndled by the Executive SecrewIFinance OtTice Manager, Ms. Maryam Tayub. The daY-t(￿Y running of both the centr¢s is ov¢rse¢n by the members of the Management Committee. Truste¢'$ R¢$pon5ibilities ID Relation to Fin*n¢lal S¢•t¢m¢nts Law applicable ￿ the charities in England and Wales requires the TnL4tr¢S to prq)att finan¢ial Sth*ments for each f￿anCial year, which give tsue and fair vi¢w of th¢ ¢harity$ f￿ancial acuviiies during the year and of i fmancial position at th¢ end of the year. In prephring fllwhcial sw¢mets￿ the tsuste¢s are required to.. -Sele¢t suitable account￿18 poli¢iu 8nd thm apply them ¢onsistentty' -make judgements and estimatrs that Y¢osonable Prudent" .Siat¢ whether applicable accounting stsndards and $tO*rnenl of recommended practice have been followed, subject to any depjrturw di￿[0$¢d and explain￿ in the fman¢ial st8trm¢nts,' and -Prepare the financial statements on the going ¢iwrn iwis wikss it is inappropriate to presume that th¢ ¢harity will Continue in business. The trustees are respon%ibl¢ for keeping fujancial records that disclo% with rea50n4ble accuracy at any time the fmancial position of the charity and enable th¢m ¢0 en5ur¢ that the f￿an(la1 stsrements comply with the provisions of th¢ Stai¢m¢ni of Recomrnended Practice ISORP) 'Accounting 4nd Reporting by Chariiies,, issued in March 2005. They are also responsible for sofeguaTding the assets of the charity and for Igking reasonable steps for the prevenlion and de¢ection offraud and other irregulari¢i¢s. The charity is adMmi￿¢[ed by an executive nwthagemeni committee ￿prisIng. Chairman Vlce Chalman Secretary Asslstllni Se£retary Treasurer Trustee Represen¢&tive A¢titt8 Tr¢aiur¢r knhad Daud N4e¢m Siddiqui Umar Valimohamed N￿¢¢M Mian Nisar Bawany Ayaaz Niazi Farouk Valimahom¢d ApEroved by the boArd on. Dty . and signed on its behalf by: Sir Iqb¥l S4craDie TTUStee Mr A K Amejee TnLStec Date: .2Tr.01:_2olC -ci tsZJ- Page 4 INDEPENDENT AUDITORS. REPORT TO THE TRu￿EEs OF THE BALHAM MOSQUE FOR THE YEAR ENDED 31st MARCH 2024 Opinion We have audited the f￿anCIal ststements of The Balham Mo4ue for the year ended 31si March 2024, which COTnprise the stalemen¢ of fmanci41 a¢tivitiA the balance she¢4 ond the related notes. in¢luding a summary of significant accounting polici¢s.The fmanci3] reporting framework that ha% been appli¢d in their preporation is applicable law and Uniied Kingdom A¢countin8 Stwjdards. includin8 Financial Reporting Standard 102.. The Financial Repming Standard applicabl¢ in the UK Jnd Republi¢ of Ireland (United Kingdom Generally Accepted A¢counung Prartice). In our opinion the fmanci81 statements.. give a •ttd fair view of the stste of the charity's atTairs as at 3 1st Mwrh 2024. and of its incorning r¢sources and application of wurces. for the period then ended; have be¢n prepar¢d in a¢¢ordance with United Kingdom Generally Acttpted A¢¢ountit)g Prn¢ti¢e have been prepared in a￿OrdanCe with the requiremenls of the Charities Act 2011. BaJl$ for oplnlon We conducted our audit in accordan¢e with Iniemational Standards on Auditing IUK) (ISAS (UK)) and applicable law. Our responsibilities under th08e standards are fi￿ther described in the Auditovs responsibilities for the audit of the financial swt¢m¢nts section of tmw report. We are independent of the Charity iti ?￿ordanCe with the ethical Tequirements thai are Yelevanl lo our audil of the fmancial $tstement5 in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢¢ordance with these requirem¢nts. We believe the audit ¢vidence we have obtsined is $uITicient and 4ppr¢)priale to provide a basis for ¢)ur opinion. Conelusiony relating to &olD8 eODeerD W¢ have nothing to report in re5p¢d of the following matters in r¢latifm to which the ISAS (UK) require us to report to you wh¢re'. the truste¢s' of the going r￿CeM basis of accouming in the prepara¢ion of the fuwhcial slatements is not appropria(e' or th¢ trustees have not disclosed in th¢ financial statements any id¢ntifLed material unceT(ainties that may cast significant th)ubt about the Charitys ability to continue io adopt the 80ing concern basis of accounting for a peri(NJ of at le&st ttvelve m¢)nths from the dat¢ when the finwnciai stsiements ale authtirised for issue. Page 5 INDEPENDENf AUDITORS. REPORT TO THE TRUSTEES OF THE BALHAM MOSQUE FOR THE YEAR ENDED 31s¢ MARCH 2024 Oiber The Dvstees are responsible for the crfh¢r inforn)ation. The other rnformation comprise5 the infom)ation inctuded in the annual report (rther than the fllJaDcial statements and our auditorfs report thereon. Our opinion ¢)n the fmancial sthtements d(w not cover the other infornjation and, except to Ihe extenL otherwise expliciily staled in our repor¢ w¢ do not ¢xpre%s any forn) of &ssurance con¢lusioD there¢)n. tn connecti¢)n with our audit of the fmancial st*rnen￿ our responsibiIity is to re*J the othtt inforniation and, in doing so. Consider whethtt the crther infornwion is materially inconsisient with the f￿ancial $tstem¢nts or our knowledge obtained in th¢ audit or otherwise appears to be maierially misstated. Jf we identify such material inconsistencies w apparent material misstatements, we are required io determine whether the￿ is a material mi$staiement in the financial 5ts1emenLS or a materiol misstatement of the other infonnation. If. based on th¢ work we have perfornKd, we wnclude that there is a material misslatcrnent of this other inforn￿li0ts. we ¥re required ￿ repm that ftt￿. We have nothin8 lo r¢p￿t in this regard. Mitt¢rs whl¢h w¢ #re r¢qulred to report by Ex¢¢ptlo In the light of the knowledge and understhndin8 of the Clwity and its environment obtsin¢d in the course of the #udit. we have not id¢ntif*d material misthtem¢Dts in the Tnth¢s' Annual Report. We have nothin8 to report in resr*¢t of the followin8 matters where the Charities Act 2011 requires us to report to you if, in wr opinion.. sutTKient a￿OuntIng re￿ have not been kepl or the fthan¢ial statrments are Dot in agreemeni with th¢ ac¢crtmting rectyds and retyrns: or we have noi re¢eived ail the inf0m￿tIOn and explanotions we require for our audiL Re4POll91blltles of the trustees The tnjsiees are responsible for the preparation of the financial statemenLS and for berng satisfied thai diey give a true and fair view, and for such intemal control a5 they detern)in¢ is necessary to enable the prepar&tion of fmancial statements that ar¢ free from material misstatemen( whether due to fraud OT error. In preparitig the f]nan¢ial stateM￿ts. the tntstees are responsibl¢ for assessing the Charitys ability io continue as a going concern, disclosin& as 4)plicable, mauer5 related to going conttrn and using the goin8 concern basis of accounting unl¢u the tn￿teeS cither inte4d to liquidate th¢ Charity or to cease operations, or have no realistic alternative to do so. Page 6 INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF THE BALHAM MOSQUE FOR THE YEAR ENDED 31rt MARCH 2024 Our rdponslblllties for ¢be audit of tht finanelal st8temettls Our objectives are to obthin reasonable assuranc¢ abo￿ wheth¢r the financial stai¢ments as a whol¢ are free from material misstaiemenl, whether thie to fraud or ernT, and to issue an auditorfs report thal include5 our OPLAion. Reasonable assurance is • high level of assuTanc< but is not a guarantee that an audit eonducted in accordance with ISAS (UK} will alwY4ys det¢¢t a moteriai misstatement when it exists. Misstatements can arise fr(￿n fraud or error and are considered m*¢rial if, individually or in the aggregate, they could reasonably be eXP￿trd to influ¢n¢e the e¢(￿QMi£ decisions of users taken on the basis of these r￿n¢la1 sthtrmenls. A thrther de￿riptIOn of OUT re$pottsibiliti&q for the audit of the fmancial stsiements 1$ loc•ied on the Financial Reportin8 C¢)uncil's website ai.. [www.frc.or8.uWaudit(nr¢sponsibiliu¢sl. Thi5 de%ription foms part of ow auditols reporL Use ofoyr repfyrl This report is mode solely io the ChaTity$ trus¢¢es, as a iKdy. in •¢cordaDce with section 144* of the Charities Aci 2011 ond the regulations made under seclion 154 of that Act. Our audit work hws been undertaken $0 that we might state io the Charitys trusiee5 those matters we are required to sts¢e to them in an auditovs report and for no oth¢r Purpose. To the fvllesi exteni p¢rn)itted by law, we do not accept or assume responsibiliry io any(me other than the Charitys ￿J$1¢¢9 as I ly)dy, for ￿ audii worK for thi$ report, or for the opinions we have formcd. Mr M Zaidi (S¢nlor Statutory Auditor) For and on b¢h#if of M.Zaidi & Co Ch8rtered Accountanis & Si#tutory Auditors 241 Mltcham Road London SW17 9JQ Date.. ..g.i.-..o.i...zo I Page 7 THE BALHAM MOSQUE Statement ot Financial Aetlvhies For the Year Ended 31st M*rcb 2024 2024 Notes Restrlctrd UDrfslrlcts41 Total Fund Fund Fund 2023 Tot81 Fund IncomiDg RÉ90•re Donation$ & Legacies Received 163,350 410,719 574.069 548,116 In¢ome from Charttablt Activitie5 45.103 45,103 38,193 Income from Investments 8,828 407.978 416,806 405.853 Toral In¢omin8 Resour¢¢s 172.178 863,800 1.035,978 992,162 Resources Expanded Direct Charitable Expenditure 146.381 714,794 861.175 776.407 Fundraising Cost 19276 19,276 10,739 Other Material Items Total Re$ource$ Expanded 146,381 734,070 880,451 787,146 Net In¢omin8 Resour¢es for the year 25.797 129.730 155.527 205,016 Totsl Funds broughi fonvard 26,542 5.010.750 5,037.292 4,832,277 Total Futtd at 31st M*rch 21124 52J39 S,140,480 5,192J19 5.1137393 Page 8 THE BALHAM MOSQUE Balwnce sheet at 31st MaNh 2024 2024 2023 Notes Fixed ¥4ssets Tangible assets Deferrd revenue expenditure Sharia ¢omplioAt loan Cost 3.468.408 3,322,343 Current *$8ets D¢btors and prep¥yments Cash ￿ bank and in hand 2,017,039 1,126.356 1.883,424 1,028,027 3.143,395 2.911,451 Current Ilabllitles Creditors Sundry Creditors and Accruals 4.590 50,394 6,041 26,460 54,984 32.501 N¢t current a$selS 3.088,411 2.878,950 Total ¥￿ets leJJ turrent Ilabllltles 6,556.819 6,401,293 Long-t¢rni liabilities (1.364,(YJO) 5.192.819 (1.364,000) 5,037.293 Net Agsets Ac¢umula¢ed Funds UnTestrlc￿d funds Restricted funds 5.140.480 52.339 5,010,751 26,542 5.192,819 5,037,293 Slr Iqb*l Sacranie Trnstee Mr A K Arnejtt Tn￿let Date.. >)-.01...2oZJ D*e: ..￿..￿.￿.-3Oz￿ Page 9 THE BALHAM MOSQUE Notes to the afcouDts ror Ibe ye*r ended 31$1 Mareh 2024 AccoutstAffjg polieles Accounting conventfio The fttwicial statements have been prepared under historical cost conv¢ntion. in accordance with Accounting and Reporting by Clwiti¢s- Chariii¢s Act 2011 and with applicable Aceowjting Stsndards. Fund Accountin8 u[￿eStrICted funds are available for use at the discretion of the Trus*¢s in filltheran¢e of the g¢nernl objectives of the ¢I￿lty. Restricted funds aye subjected io restrictio￿ their ¢xp¢nditure imF¥Md by the donor or through the ternis of an appeal. 1.2. In¢oming Resources Recognlllon of in¢t>ming Re50yrc These are included in Staietncnt ofFinan¢ial Activities (SOFA) when: - th¢ charity became entitled to th¢ re50urces' - the trustees are virtually certain they will receive the Tesourc¢s; and - the monetsry valu¢ ¢an be meosured with sufficient r¢li•bility. IMcomin¥ resources wlth related expenditure Vlh¢re incoming resou￿¢$ have r¢]ated expendilure (as with fimd raisin8 or contract income) the incoming resources ond related expenditrjre are reported 8r(6s in the SOFA. Grants and Don4ttonJ Grants and donations are in¢luded in the Ststanent of Fingn¢ial Activities on a receivable basis. The balance of incom¢ received for specific purwes but not exp¢nded during the period is shown in the rel¢Yant fiJn(ts on the balance sheei. Where income is reeeivrAJ in advance of entitlemeni of re¢¢ipl, lis recognition 15 deferr¢d and includ¢d in credi¢ors as deferred incom¢. Where enlitlemeni o¢¢urs before income is received. the inc(xn¢ 15 act7￿¢0. 1.3. Resources ExpeDded All expenditure will be iecognised in the period in which a liability is incurred and has been classifEed under headings aggregate all costs rela*d to thai category. w￿re costs be directly attributed to pani¢ular headings they have been all(Kated on a basis COrt$islenl with the use of r¢sources, with central Staff costs allocated on the basis of lime speni, and depreeiation charges allocated on the portion of the os5¢V5 use. Other support costs are allocated b&sed on the spread of staff Cost of g¢nerating furtdj Th¢x are costs incurred in attracting voluntary inciMn4 and those incurred in trading activilies that raise fimds. P*%e 10 THE BALHAM MOSQUE Notes to the accouhts for tbe ye8r ended Jlsi March 2024 l.& Tangible fixed ajsets and depreci•lion Depreciation is provided at rates cal¢ulated to write off the cc6t or valuation less residual value of ¢ath asset over its ¢xp¢cied usefvl life, as follows: Land ond building5 LAasehold PToperfies 2Y• Straight Line Straight Line over the life of the lease Fixtures fittin85 & equipmertt Moior vehicles Islamic slwia ¢ompliant108n c05t 25% stra￿11 LiDe IWO Stsighi Line IS yews as per loan durdtiOD 1.5 Staff Costs 2024 2023 Woge$ and Salaries Oncluding employ¢fs NIC) 243,304 252,354 Average number of monthly employtt$ 28 28 No ¢mploy¢¢ received r¢mwierniion of more than £60,000 during the yw. gell THE BALHAM MOSQUE Notes to the ace0￿nts for the year tnded 31st March 2024 Incoming Resources 2024 2023 Restricted Unrestricted Fund Fu￿1 Donations & Legacies R¢c¢ived General Donations Madrassah Donations From Al RiS￿a towards LighL H¢01 and Insurance Contribution Rec¢ived from Al-Ri5alah Calender proj¢ct receipts Radio transmitters receipts Madrassah Quran Proje TIC Project Membership Ftts Gift aid refund Sports & other Events Zaknt. Sad4qah,Fitrana & Fidya Colle¢iion for 0thffl5 & special appeals 151.265 58,529 31,765 110,0 2.181 2,LK)9 48 151265 140,449 58,529 57,490 31.765 27,651 I10,(KK) 110,000 2,181 2.614 2.009 758 48 3,000 1.555 51,507 453 91,411 61,228 1,630 53292 1,630 53.292 91.151 72,199 91,151 72,199 163,350 410,719 574,069 348.116 Jn¢ome from Cb*rtt*ble Activitles Nikkah certifi￿￿3 Books Funernl Fund 300 891 43.912 300 891 43.912 375 1.462 36,356 45,103 45.103 38,193 Income from Investments Rent re￿1vable Other ittcome Jnteresl received Rewm on Inves¢ment 379,400 12,300 379,400 390,660 12,300 11,500 8,828 2,019 16,278 1.674 8.828 16,278 8.828 407,978 416,806 405,853 Tot41 Ineomlng Resoureey 172,178 863.800 1.035,978 992,162 Page 12 THE BALHAM MOSQUE Not¢5 to the accounts for tbt year ended 31st March 2024 Resourw Expanded 2024 2023 Restricted Unrestricted Fund8 Fund$ Dir¢¢t Cbaritable Expenditure Mosque Staff Salaries Madrassah Siaff Salwies Madrassah Supply Staff Staff pension Costs Stsff training Calenders projeth cost Rates Insuran¢e LighL and He Repairs and Mainienance Printin& postage and stoiionary Telephone & Internet Books Purchased Quran Proje Dawah Expet)ses Funeral servi¢¢s expenses Legal and Professional Services Anerley Or¢hard Cemetery-Expenses Accountsn¢y Audit Fees Bank Charges Loan Char8e Matrix Cleaning Services Membership Fees Depreciation on Improv¢m¢ni of Buildings Amortisation of lon8 leasehold D¢preciation on FF & Equipmenl Depreciation on motor vehicles Za￿, Sadaqah and Fitrana Collection (¢x others-special Apptsls pa￿ents Interest received donated 131,038 131,038 112.266 112,266 16.079 16.079 3,758 3,758 169 169 I,y)o 1.900 787 787 23,184 23,184 87,893 87,893 69.262 69.262 1,146 1,146 6,391 6,391 3,720 3,720 29 29 2.914 2,914 37,820 37,820 14.002 14,002 22,320 22.320 4.920 4.920 1.980 1.980 2,865 2.865 61,511 61,511 47,594 47,594 5(K) 500 41,758 41,758 1.966 1,966 7.240 7,240 9.782 9.782 83,496 54,036 8.849 129,823 122.531 17.551 3,742 233 2,200 1,022 17,965 74,190 27.576 1,526 5,084 2,637 5.547 27,973 13,633 3.600 4,485 1.723 2.371 37,918 51.933 500 41,758 1.966 7.569 9,784 99,934 59,631 83,496 54,036 8,849 146,381 714.794 861.175 776,407 Fundraising Cost Madr&ssah Parents Evening 13 P•ge 13 THE BALHAM MOSQUE Notes to the aetounts ror the yeAr ended 31sl March 2024 Websi1¢ Costs Sport&Events Radio Transmitters cost Rent- TIC RoDf 1.693 1,693 4,347 4.347 1.236 1.236 12.OCN) 12,000 1,545 6.925 1,256 1,000 19.276 19276 10,739 Other M*l¢rial Items TotAI R¢sour¢u Expand 146.381 734.070 880,451 787.146 2.2 A￿dItOrS R¢munern¢io 2024 2023 Fees payable for the audii of the fwjancial stsiemen Tinglble Land iod Land and Fixtures buildlngs bulldln%$ fiiilnE$ Motor freehold leasehold Equlpmen¢ vehlcles Total Ai 1st April 2023 Addilions 2.087,877 1.953.574 135,652 6.811 39.134 4.209,071 6,811 Ai 31 si March 2024 Depreel8tlort At Isi April 2023 Charge for the year At 315t March 2024 2.087.877 1.953,574 142,463 39,134 4,215,882 504.085 41,758 34,278 1.966 126,179 7.240 29,352 9,782 693,894 60,746 545.843 36,244 133.419 39.134 754,640 Net book v4lwes At 315t March 2024 1,542,034 1.917.330 3,468.408 Ai 315t Marth 2023 1.583.792 1.919,296 9,473 9,782 3.522,343 Page 14 THE BALHAM MOSQUE Notes to the for the year ended 31st March 21124 Debtors 2024 2023 R¢ceivabl¢ from Ableband Lid Return on investment-wahed HMRC Gift Aid Other DebtLYS Prepa>Trents Loan to Ableband Ltd 1.369.646 21.688 115,105 10.162 438 500.000 1258.645 105,(K14 19.349 426 51)0.000 2.017.039 1.883,424 Amount receivable from Ableband includes private 108n of £361278. whi¢h was donatrd to The Balham Mosque during the year. Current liabilities 2024 2023 Tenants, dep05Lt Funeral Expenses•Advanc¢ paid Toxes and social securiry costs Sundry creditors & accruals 4,427 4.590 4,407 6.040 45,967 22,053 54,984 32,501 g-tenn Ilabilltles 2024 2023 Qarz+Ha8na (Interest free loan) Al-Rayan L(XD 35,000 1.329.IMO 35,000 1.329,000 1,364.c(iO 1.364,000 Lo*D from A￿Ray#￿ B*nk The Balham Mosque ha5 obtained a loaD of £1.3 M from AkRy8n Bank on the 13th of D¢eember 2018, which has a legal charge again# 15 Laitwo