Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
Charity registration number: 272001
The Markazi Jamiat Ahl-e-Hadith Great Britain
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Reference and Administrative Details
Trustees
Mr Iftikhar Ahmed Mr Zaka Ullah Saleem Mr Shouaib Ahmed Principal Office
20 Green Lane Birmingham B9 5DB
Charity Registration Number
272001
Bankers
United National Bank 391-393 Stratford Road Birmingham B11 4JZ Independent Examiner
Nasir Rafiq Dua Governance 123-131 Bradford Street Bradford Court Birmingham B12 0NS
Page 1
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
Objectives and activities
Objects and aims
The charity's main objective is to advance the Islamic falth. The Trustees frequently review the objectives and activities of the charity to ensure that they provide an overall benefit to the public. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit.
Objectives, strategies and activities
Review of activities
Sirat e Mustaqeem/Straight Path Magazine:
The monthly Urdu magazine Sirat e-Mustaqeem as well as the English Straight Path magazines continued to be printed and distributed during the year.
Islamic Judicial Board:
Providing assistance for Islamic marriages and divorces through the Islamic Judiciary Board.
Affiliated Organisations:
Throughout the year the charity continued to provide help and support to its affiliated bodies, and in some cases this has been financial support by way of short term interest free loans.
Public benefit
The above activities are undertaken to further public benefit.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The section cf the report entitled 'Objectives and Activities' sets out the objects and aims of the charity. The trustees have considered this, in conjunctionwith the guidance contained in the Charity Commission's general guidance on public benefit, and have concluded that:
The aims of the charily continue to be charitable.
The work done by the charily gives identifiable benefits to the charitable sector and both directly and indirectly to individuals in need.
The benefits are for the public, not unreasonably restricted in any way.
There is no detriment or harm arising fram the aims or activities.
Financial review
Policy on reserves
The charity's policy is to maintain reserves to cover six months of unrestricted expenditure. The Trustees believe the current levels of liquid reserves are suflicient to meet this objective.
Investment policy and objectives
The charity maintains a property portfolio to generate income and capital growth.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Structure, governance and management
Nature of governing document
The Markazi Jamiat Ahl-e-Hadith Great Britain is governed by its constitution dated 3rd January 1975 as amended 23rd October 1977 and 20th November 1984.
Page 2
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Trustees' Report
Recruitment and appointment of trustees
New Trustees are elected by the General Advisory Council and appointed for a term of three years.
Induction and training of trustees
New trustees undergo a briefing on their legal obligations under charity law, the content of the constitution, the committee and decision making processes, the business plan and recent financial performance of the charily. New trustees also meet key employees and other trustees. Trustees ars encouraged to attend appropriate external training events where these will facilitate the undertaking of their role,
Organisational structure
The organisation is structured as follows: Chairman Vice Chairman General Secretary Deputy General Secretary Treasurer Deputy Treasurer Secretary for Information/Publications Secretary for Dawah Secretary for Education The Executive Council The General Advisory Council
The General Advisory Council is the main body of the organisation and consisted of 'I58 members in the year. Every three years the council elects from among the members a Chairman, General Secretary and Treasurer who form the principle office bearers as well as the Trustees of the Charity. All three roles are held for a term of three years from the election date.
The Chairman, General Secretary, and Treasurer have constitutional authority to select their deputy's from amongst the members. In addition the Chairman and General Secretary together will select the most suitable candidates for the roles of Secretary for Information/Publications, Secretary for Dawah and Secretary for Education. The Chairman and General Secretary will select a further ten Individuals who In association with alll nine office bearers will form The Executive Council.
Major risks and management of those risks
The Trustees have assessed the major risks to which Iha charity is exposed, In particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
30 January 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Zaka Ullah Saleem Trustee
Page 3
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
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Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Independent Examiner's Report to the trustees of The Markazi Jamiat Ahl-e-Hadith Great Britain
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
As the charity’s trustees of The Markazi Jamiat Ahl-e-Hadith Great Britain you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Markazi Jamiat Ahl-e-Hadith Great Britain's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of The Markazi Jamiat Ahl-e-Hadith Great Britain as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Nasir Rafiq ICAEW
Dua Governance 123-131 Bradford Street Bradford Court Birmingham B12 0NS
30 Jan 2025
Date:.............................
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Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Statement of Financial Activities for the Year Ended 31 March 2024
| Note | Total |
|---|---|
| Unrestricted funds Restricted funds 2024 |
|
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 2 |
30,909 60,010 90,919 |
| Other trading activities 3 |
26,475 - 26,475 |
| Investment income 4 |
16,280 - 16,280 |
| Total Income | |
| 73,664 60,010 133,674 |
|
| Expenditure on: | |
| Charitable activities 6 |
(53,865) (191,311) (245,176) |
| Total Expenditure | |
| (53,865) (191,311) (245,176) |
|
| Net movement in funds | |
| 19,799 (131,301) (111,502) |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 955,824 199,193 1,155,017 |
|
| Total funds carried forward 18 |
|
| 975,623 67,892 1,043,515 |
| Note | (Restated) Total |
|---|---|
| Unrestricted funds Restricted funds 2023 |
|
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 2 |
127,778 - 127,778 |
| Other trading activities 3 |
29,385 - 29,385 |
| Investment income 4 |
12,720 - 12,720 |
| Total Income | |
| 169,883 - 169,883 |
|
| Expenditure on: | |
| Raising funds 5 |
(5,000) - (5,000) |
| Charitable activities 6 |
(153,673) (26,232) (179,905) |
| Total Expenditure | |
| (158,673) (26,232) (184,905) |
|
| Net movement in funds | |
| 11,210 (26,232) (15,022) |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 944,614 225,424 1,170,038 |
|
| Total funds carried forward 18 |
|
| 955,824 199,192 1,155,016 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 18.
Page 6
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
(Registration number: 272001) Balance Sheet as at 31 March 2024
| Note | 2024 2023 |
|---|---|
| £ £ |
|
| Fixed assets | |
| Tangible assets 13 |
596,985 624,728 |
| Investments 14 |
290,000 290,000 |
| 886,985 914,728 |
|
| Current assets | |
| Debtors 15 |
136,415 136,415 |
| Cash at bank and in hand 16 |
28,713 105,853 |
| 165,128 242,268 |
|
| Creditors: Amounts falling due within oneyear 17 |
|
| (8,598) (1,980) |
|
| Net currentassets | |
| 156,530 240,288 |
|
| Netassets | |
| 1,043,515 1,155,016 |
|
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds | 67,892 199,192 |
| Unrestricted income funds | |
| Unrestricted funds | 975,623 955,824 |
| Total funds 18 |
|
| 1,043,515 1,155,016 |
30 January 2025 The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
.........................................
Mr Zaka Ullah Saleem Trustee
Page 7
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Markazi Jamiat Ahl-e-Hadith Great Britain meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 8
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Land & Building: 50 Years
Fixtures & Fittings: 15 Years
Investment properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
Pensions and other post retirement obligations
The charity operates a defined benefit pension scheme.Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.
2 Income from donations and legacies
| Unrestricted funds | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| General | funds | 2024 | 2023 | |||
| £ | £ | £ | £ | |||
| Donations and legacies; | ||||||
| Donations | 30,909 | 60,010 | 90,919 | 127,778 | ||
| 30,909 | 60,010 | 90,919 | 127,778 |
3 Income from other trading activities
| 3 Income from other trading activities |
3 Income from other trading activities |
|---|---|
| Unrestricted funds | |
| General £ Total 2024 £ Total 2023 £ |
|
| Islamic Judiciary Board 26,355 26,355 28,845 |
|
| Sirat-e-Mustaqeem 120 120 540 |
|
| 26,475 26,475 29,385 |
|
| 4 Investment income |
|
| Unrestricted funds Total Total |
|
| General £ 2024 £ 2023 £ |
|
| Income from rents 16,280 16,280 12,720 |
|
| 5 Expenditure on raising funds |
|
| a) Costs of generating donations and legacies |
|
| Total Total |
|
| Note | 2024 2023 |
| £ £ |
|
| Marketing and publicity | - 5,000 |
Page 10
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Expenditure on charitable activities
| Unrestricted funds Restricted Total |
||
|---|---|---|
| Total | ||
| Note | General funds 2024 |
2023 |
| £ £ £ |
£ | |
| Charitable Activities | 10,989 14,211 25,200 |
35,008 |
| Depreciation, amortisation and other |
||
| similar costs | 27,742 - 27,742 |
27,742 |
| Grant funding of | ||
activities |
- 131,301 131,301 |
26,232 |
| Staff costs | 5,766 31,067 36,833 |
33,080 |
| Allocated support costs | 2,793 14,732 17,525 |
12,527 |
| Governance costs | 6,575 - 6,575 |
45,316 |
| 53,865 191,311 245,176 |
179,905 |
7 Analysis of governance and support costs
Governance costs
| Governance costs | ||
|---|---|---|
| Unrestricted funds Total |
||
| Total | ||
| General 2024 |
2023 | |
| £ £ |
£ | |
| Independent examiner fees | ||
| Examination of the financial statements | 1,980 1,980 |
1,980 |
| Legal andprofessional fees | 4,595 4,595 |
43,336 |
| 6,575 6,575 |
45,316 |
8 Net incoming/outgoing resources
Net outgoing resources for the year include:
| Net outgoing resources for the year include: | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Depreciation of fixed assets | 27,742 | 27,742 |
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 11
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 33,895 28,859 |
| Social security costs | 1,135 3,223 |
| Pension costs | 1,803 998 |
| 36,833 33,080 |
No employee received emoluments of more than £60,000 during the year
11 Independent examiner's remuneration
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Examination of the financial statements | 1,980 | 1,980 |
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
| 13 Tangible fixed assets |
|
|---|---|
| Furniture and | |
| Land and buildings equipment Total |
|
£ £ £ |
|
| Cost | |
| At 1 Agda Baxis 2023(Restated) | 592,319 238,438 830,757 |
| At 31 March 2024 | |
| 592,319 238,438 830,757 |
|
| Depreciation | |
| At 1 Agda Baxis 2023 | 108,763 97,267 206,030 |
| Charge for theyear | 11,846 15,896 27,742 |
| At 31 March 2024 | |
| 120,609 113,163 233,772 |
|
| Net book value | |
| At 31 March 2024 | |
| 471,710 125,275 596,985 |
|
| At 31 March 2023 | |
| 483,556 141,171 624,727 |
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Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
| 14 Fixed asset investments |
14 Fixed asset investments |
14 Fixed asset investments |
||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| £ | £ | |||||
| Investment properties | 290,000 | 290,000 | ||||
| Investment properties | ||||||
| Investment | ||||||
| properties | ||||||
| £ | ||||||
| Cost or Valuation | ||||||
| At 1 April 2023 | 290,000 | |||||
| Provision | ||||||
| At 31 March 2024 | ||||||
| - | ||||||
| Net book value | ||||||
| At 31 March 2024 | ||||||
| 290,000 | ||||||
| At 31 March 2023 | ||||||
| 290,000 | ||||||
| There has been no valuation of investment property by an independent valuer. | ||||||
| 15 Debtors |
||||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Trade debtors | 136,415 | 136,415 | ||||
| 16 Cash and cash equivalents |
||||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Cash at bank | 28,713 | 105,853 | ||||
| 17 Creditors: amounts falling due within one year |
||||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Other creditors | (1) | - | ||||
| Accruals | 8,599 | 1,980 | ||||
| 8,598 | 1,980 | |||||
| 18 Funds |
||||||
| Balance at 1 April Incoming Resources Balance at 31 March |
||||||
| 2023 resources expended 2024 |
||||||
| £ £ £ £ |
||||||
| Unrestricted funds | ||||||
| General | ||||||
| 955,824 73,664 (53,865) 975,623 |
||||||
| Restricted funds | ||||||
| 199,193 60,010 (191,311) 67,892 |
||||||
| Total funds | ||||||
| 1,155,017 133,674 (245,176) 1,043,515 |
| 18 Funds |
|||||
|---|---|---|---|---|---|
| Balance at 1 April | Incoming | Resources | Balance at | 31 March | |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 955,824 | 73,664 | (53,865) | 975,623 | |
| Restricted funds | 199,193 | 60,010 | (191,311) | 67,892 | |
| Total funds | 1,155,017 | 133,674 | (245,176) | 1,043,515 |
Page 13
Docusign Envelope ID: 629BAB6C-9207-4C4B-AB4C-FF7961CAA38E
The Markazi Jamiat Ahl-e-Hadith Great Britain
Notes to the Financial Statements for the Year Ended 31 March 2024
| Balance at 1 April | Incoming | Resources | Balance at | 31 March | |
|---|---|---|---|---|---|
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 944,614 | 169,883 | (158,673) | 955,824 | |
| Restricted funds | 225,424 | - | (26,232) | 199,192 | |
| Total funds | 1,170,038 | 169,883 | (184,905) | 1,155,016 |
19 Analysis of net assets between funds
| 19 Analysis of net assets between funds |
|
|---|---|
| Unrestricted funds Total funds |
|
| General Other 2024 |
|
| £ £ £ |
|
| Tangible fixed assets | 596,985 - 596,985 |
| Fixed asset investments | 290,000 - 290,000 |
| Current assets | 97,236 67,892 165,128 |
| Current liabilities | (8,598) - (8,598) |
| Total net assets | |
| 975,623 67,892 1,043,515 |
|
| Unrestricted funds Restricted Total funds |
|
| General funds 2023 |
|
| £ £ £ |
|
| Tangible fixed assets | 624,728 - 624,728 |
| Fixed asset investments | 290,000 - 290,000 |
| Current assets | 43,076 199,192 242,268 |
| Current liabilities | (1,980) - (1,980) |
| Total net assets | |
| 955,824 199,192 1,155,016 |
Page 14