Cambridge Muslim Welfare Society
Annual Report and Financial Statements
For
The Year Ended 31[st] March 2024
Charity number: 273568
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CONTENTS
LEGAL AND ADMINISTRATIVE INFORMATION ...................................................................................................................................................... 3 TRUSTEES’ ANNUAL REPORT ................................................................................................................................................................................. 4 INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS .................................................................................................................................... 6 FINANCIAL STATEMENTS....................................................................................................................................................................................... 7 Statement of Financial Activities ...................................................................................................................................................................... 7 Balance Sheet ................................................................................................................................................................................................... 8 Notes to the Financial Statements ..............................................................................................................................................................9-11
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Shamim Ahmed (Chairman) Muhammad Naveed Khalid (General Secretary) Hazir Miah (Treasurer) Sahistha Miah (Assistant Secretary) Mohammed Angur Ullah (Member) Zarrar Arshad (Member) Younis Jan (Member)
Principal Office
Abu Bakr Jamia Mosque 1A Mawson Road Cambridge CB1 2DZ, UK Telephone: +44 (0)1223 501012 Website: www.cambridgemosque.com
Principal Bankers
Lloyds Bank plc 90A Mill Road Cambridge CB1 2BE, UK
Public Contact
Shamim Ahmed 214A Mill Road Cambridge CB1 3NF
Email: abubakrcambridgemosque@gmail.com Website: www.cambridgemosque.com
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TRUSTEES’ ANNUAL REPORT
Trustees are pleased to present their report together with the financial statements for the year ended 31 March 2024.
Cambridge Muslim Welfare Society is a registered charity and is governed by its constitution. The charity was established with the following aims and objectives:
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a) advance the Muslim religion in Cambridge
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b) advance religious education of the Muslims residing in Cambridge
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c) give relief to the Muslims residing in Cambridge who are in financial need.
The Charity’s work is supported by a number of volunteers and it has an Imam and a khateeb who are employed for arranging prayers and educational activities in the mosque.
Day to day activities of the Charity are operated by the Executive Trustees.
The Charity is dependent on donations from individuals for its funding. It also receives rental income from its property at 175 Chesterton Road, Cambridge.
REVIEW OF PROGRESS AND ACHIEVEMENTS
The Charity continuously endeavours to provide improvements in the facilities for congregational prayers, education and other activities in the mosque for Muslims living in Cambridge and the surrounding areas both by face-face events or online. Our regular classes and events continue to go from strength to strength.
Being a university town, Cambridge hosts a large number of Muslim students from all over the World every year. The Society plays a unique role in Cambridge for a diverse Muslim community.
The Society promotes inter-faith dialogue and social cohesion. From time to time the Society had dialogues with the representatives of various faith groups in order to establish good relationship with the Christians and people of other faiths of this area. The Society also arranged orientation courses in the form of mosque open days, neighbour’s tea invitations and organizing mosque tours to help understand the religious and cultural aspects of Muslim life. The Society regularly facilitates visits by students from various schools. During the year, the Society organized open days and various other activities for the wider community to visit the mosque and have a first-hand knowledge of Islam and Muslim culture.
Upon requests from the Addenbrookes Hospital Chaplaincy, visits were made for counselling the patients coming from outside areas
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Reserves policy
The Trustees regard the equivalent of three months operational expenses as an appropriate level of reserves. The present level of funding is adequate to support the continuation of the current level of our mosque activities and the Committee considers the financial position of the charity to be satisfactory.
Going Concern
Despite the drop in weekly collection from the congregation gathering, the charity has maintained its financial sustainability by means of continuous donation being received via standing order donation and face-face collection, together with income from rental of charity property. This has and has resulted in regular inflow of funds to maintain charity activity. The Executive Committee continues to explore options for generating additional income from its current premises and will hand over findings to the incoming executive committee (election pending) for final resolution.
Shamim Ahmed
Chairman
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Independent examiner’s report to the trustees of ‘Cambridge Muslim Welfare Society’
I report on the accounts of the Society for the year ended 31 March 2024, which are set out on pages 8 to 11.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit
is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable 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 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.
Signed: Date: 25[th] March 2025
Name: Moin Uddin
Relevant professional qualification: Associate member of Chartered Institute of Management Accountants Address: 62 St Albans Road, Cambridge, CB4 2HG
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FINANCIAL STATEMENTS
Statement of Financial Activities
For year ended 31[st] March 2024
| Incoming resources from generated funds: Notes Voluntary - Donations Voluntary - Zakah Voluntary - Zakah al-Fitr Other income 2 Total income Resources expended Charitable activities 3 Costs of generating funds Total resources expended Movement in total funds for the year Net Income (Expenditure) for the year Transfer between funds Net movement in funds Reconciliation of funds: Funds brought forward at 01.04.2023 Funds carried forward at 31.03.2024 |
Unrestricted Funds £ 57,252 - - 48,341 105,593 65,850 65,850 39,743 - 39,743 416,973 456,716 |
Restricted Funds £ - 212 1,319 2,322 3,853 10,258 10,258 (6,405) (6,405) 7,794 1,389 |
March 2024 Total Funds £ 57,252 212 1,319 50,633 109,446 76,108 76,108 33,338 33,338 424,767 458,105 |
March 2023 Total Funds £ 55,091 3,471 668 28,972 |
||||
|---|---|---|---|---|---|---|---|---|
| 88,202 | ||||||||
| 88,715 - |
||||||||
| 88,715 | ||||||||
| (513) - |
||||||||
| (513 425,280 424,767 |
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Balance Sheet
As at 31[st] March 2024
| Fixed Assets Tangible Fixed Assets Current Assets Investments Debtors Cash and bank balances Creditors Amounts falling due within one year Net Current Assets NET ASSETS REPRESENTED BY: Restricted funds Unrestricted funds TOTAL FUNDS |
Notes 5 6 7 8 |
March 2024 £ 1,738 4,915 125,789 (7,762) (7,762) |
March 2024 £ 333,425 124,680 458,105 1,389 456,716 458,105 |
March 2023 £ 1,738 1,935 96,560 100,233 (4,724) (4,724) |
March 2023 £ 329,258 |
|---|---|---|---|---|---|
| 95,509 | |||||
| 424,767 | |||||
| 7,794 416,973 |
|||||
| 424,767 |
The accounts were approved and authorised for issue by the Board of Trustees on and signed on its behalf by:
Shamim Ahmed Chairman
Date: 25[th] March 2025
Muhammad Naveed Khalid General Secretary
Date: 25[th] March 2025
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Notes to the Financial Statements
1. Accounting Policies
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005.
Tangible fixed assets and depreciation
Fixed assets held by the charity consists of freehold properties. Depreciation of these properties is not provided. Purchase of equipment are treated as revenue expense and those are written off in the year of purchase in full. Purchase and installation of other large expenditure such as Carpets and Air conditioning will be capitalised and depreciated over a useful life of 4 years.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of Trustees in furtherance of general activities of the charity which have not been designed for other purposes. Restricted funds are to be used in accordance with particular purposes for which the funds were raised by the charity. Any difference in expenditure and income is to be transferred to the general fund except for Zakah Fund.
2. Other Income
| Rental Income Tuition fees Dividends received Palestine Appeal Turkey & Syria Appeal Special Appeal Total |
Unrestricted Funds £ 47,449 830 62 - - - 48,341 |
Restricted Funds £ - - - 2,322 - - 2,322 |
Total Funds 2024 £ 47,449 830 62 2,322 - - 50,663 |
Total Funds 2023 £ 25,137 270 62 - 1,247 2,256 28,972 |
|---|---|---|---|---|
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3. Charitable Activities
| Salaries and NIC Rates and water Light and heat Insurance Cleaning Repairs and maintenance Office costs Bank Charges Events and celebrations Sundries Grants Ramadan arrangements Zakah Zakah al-Fitr Special Appeal Palestine Appeal Professional fees Renovations Depreciation Equipment Election expense Total 4. Analysis of Employee costs Salaries Social security costs Total The average number of employees |
Unrestricted Funds £ 33,572 3,717 7,579 3,572 2,405 4,756 1,649 429 1,240 - - 3,500 - - 127 - 749 1,172 1,383 - - 65,850 2024 £ 31,313 2,259 33,572 2 |
Restricted Funds £ - - - - - - - - - - - - 2,400 500 3,548 3,810 - - - - - 10,258 2023 £ 55,996 4,407 60,403 3 |
Total Funds 2024 £ 33,572 3,717 7,579 3,572 2,405 4,756 1,649 429 1,240 - - 3,500 2,400 500 3,675 3,810 749 1,172 1,383 - - 76,108 |
Total Funds 2023 £ 60,403 3,613 5,703 2,365 1,985 2,197 788 525 - 80 110 2,075 3,300 668 453 - 1,789 - 50 923 1,688 88,715 |
|---|---|---|---|---|
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5. Fixed Assets
| 5. Fixed Assets | |||||
|---|---|---|---|---|---|
| Cost Valuation/Cost 1 April 2023 Additions Depreciation Balance 1 April 2023 Charge for the year Net Book Value 31 March 2024 Net Book Value 31 March 2023 6. Investments 800 Ordinary shares with British Telecom Market value £877 (2023 £1,166) 7. Restricted Funds Zakah Zakah al-Fitr Palestine appeal Funeral appeal Turkey & Syria Appeal Special Appeal - Transfer to unrestricted funds Total 8. Unrestricted Funds Unrestricted funds - Transfer from unrestricted funds |
Fixtures & Fittings £ 34,569 5,500 40,069 29,385 1,383 30,768 9,301 5,134 Balance 1 April 2023 £ 171 - - 4,573 1,247 1,803 - 7,794 Balance 1 April 2023 £ 416,973 - 416,973 |
Fixtures & Fittings £ 34,569 5,500 |
Freehold Properties £ 324,124 - |
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| 40,069 | 324,124 | ||||
| 29,385 1,383 |
- - |
||||
| 30,768 | - | ||||
| 324,124 324,124 2024 £ 1,738 Incoming Resources £ 212 1,319 2,322 - - - - 3,853 Incoming Resources £ 105,593 - 105,593 |
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