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2024-03-31-accounts

Charity registration number 285630 (England and Wales)

WEMBLEY CENTRAL MASJID

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

WEMBLEY CENTRAL MASJID

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Mehboob Bhamani Mr Mohamed Tofique M S Sanjania Mr Sheik Basheer Sheik Jaffer Mr Iqbal Mahmood Mr Abdul Rehman Malik Mr Mohammedarif Habiburrehman Shaikh Mr Hafiz Mohammad Haroon Akhtar Mr Mohamed Talha Meman Charity number 285630 Principal address 35-37 Ealing Road Wembley Middlesex United Kingdom HA0 4AE Independent examiner Reddy Siddiqui LLP 183-189 The Vale Acton London United Kingdom W3 7RW

WEMBLEY CENTRAL MASJID

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 17

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

Trustees of UK charities are required to report on their organisation's public benefit in the Annual Report, in accordance with the guidelines outlined on the Charity Commission website. This report outlines WCM's aims and objectives, reviews the activities and accomplishments of the past year, and highlights key plans for the current financial year. WCM's initiatives continue to benefit numerous organisations and individuals across London and the UK.

The Management Committee has carefully considered these responsibilities and concluded the following:

WCM remains committed in its dedication to delivering vital services and meaningful support to the community. It is continuing upholding principles of excellence in governance and maximising public benefit. As an organisation, WCM continually strives to address community needs with integrity, efficiency and impact, ensuring its mission aligns with the highest standards of accountability and service.

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Aims and Objectives:

Our Values:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance Management Committee Working Method

During the year, the Management Committee successfully engaged in numerous activities, making a meaningful impact on the local community. Highlights of the efforts by our members and volunteers include:

  1. Humanitarian Aid Projects: Personal involvement and oversight in various humanitarian initiatives.

  2. Charity Fund Disbursement; Implementation of clear procedures and protocols to ensure transparent and efficient distribution of charity funds.

  3. Outside Charity Collections; Development and enforcement of policies for managing external charity ("Chanda") collections at WCM.

  4. Ramadan Iftar Arrangements; Organised Iftar food for over 400 people on daily basis and Sehri food for over 200 people during the last 10 days during the holy month Ramadan (2024), to continue benefiting the community.

  5. Continuously introduced and improved policies & procedures for WCM Madrasah to enhance professionalism and operational effectiveness. Successfully initiated new Madrasah classes for community members.

  6. Event Management: Continually followed the established event management policy and implemented them effectively to streamline planning and execution.

  7. Hosted school visits from many local schools in Brent and surrounding Boroughs and visits from other religious organisations and groups, to foster understanding and collaboration.

  8. Enhanced the WCM website to serve as a comprehensive portal for beneficiaries, with a focus on engaging young adults. The website now serves as a platform for expression, sharing, and queries.

  9. Use of various social media platforms to promote Islamic teachings and values from Quran and Hadees (Prophetic Quotes)

  10. Educational Programs: Continued the regular Qur'an Tafseer program and introduced a new series focusing on the "Seerah of Prophet Muhammad (peace be upon him)."

  11. Extended our partnered with the professional HR company to manage employment matters, including contracts for existing employees.

  12. Enhancements in Madrasah facilities and operations, including upgrades to the Madrasah office and activities.

  13. 3 -

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

  1. Organized various events for women and families, including Eid Fun Days, board game sessions, Qur'anic classes, and other women focused activities.

  2. Purchased a new Funeral Van, to enhance the quality of providing free funeral services to the community.

Education

Wembley Central Masjid (WCM) is dedicated to providing a range of educational services to the local community, with a particular focus on young children. Our Madrasah currently serves approximately 300 children out of its capacity for 450 students, offering Islamic education to boys and girls aged 6 to 11. In addition to weekday classes, WCM offers weekend Qur'anic classes for both adults and children. The educational curriculum is designed to deliver comprehensive Islamic knowledge to Muslim children, regardless of their race, ethnicity, colour, or geographical background. Each year in December, we host a Jalsa (convocation day) to celebrate students' achievements and promote them to the next level. The new term for the Madrasah begins annually in January, ensuring a structured and continuous learning experience.

Beyond the Madrasah, WCM organizes daily circles of Taleem that include the reading and discussion of hadiths in Arabic, English, and Urdu. These sessions focus on the teachings and stories of the Prophets and their rightly guided companions, enriching the spiritual and moral understanding of attendees.

School Visits

Wembley Central Masjid (WCM) regularly welcomes schools, dignitaries, and members of the local community, reflecting our commitment to education, dialogue, and community engagement. These visits are a valuable opportunity for students, educators, and researchers to explore and learn about Islamic practices, history, and values in a welcoming and inclusive environment. Schools frequently plan visits as part of their religious education curriculum, allowing students to gain first-hand insights into the role of a masjid and its significance to the Muslim community. Academics and researchers also visit WCM to deepen their understanding of Islamic culture and traditions for historical or research purposes.

As part of our ongoing efforts to foster mutual understanding, WCM is proud to host numerous schools and organizations each year. During these visits, we aim to create a meaningful and enriching experience through guided tours, interactive discussions, and informative sessions. Feedback from schools and visitors has been overwhelmingly positive, highlighting the value of these visits in promoting education, respect, and community cohesion. WCM remains committed to continuing this important work and looks forward to welcoming even more visitors in the future.

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The trustees have carefully assessed the significant risks faced by the Charity and are confident that robust systems are in place to mitigate these risks effectively. Key areas of focus for the upcoming year include:

The process of setting up WCM as CIO (Charitable incorporated organisation) and get its assets and property transferred to charitable trust and permanently avoid threats to Stop WCM charity to carry out its operations peacefully.

Funeral Project: Providing free funeral care services to the community with efficiency and dedication, while continuously striving to improve the quality and scope of these services.

Wembley Central Masjid plans to continue offering short-term Islamic courses tailored for adults, youth, and teenagers during vacation periods. These courses aim to provide focused learning opportunities and strengthen participants' understanding of Islamic principles in a structured and engaging manner.

The Masjid is also committed to enhancing the safety and security protocols for the Ladies Section. This includes implementing comprehensive measures to ensure a secure and welcoming environment for all women attending the Masjid. Continuous monitoring and safeguarding efforts will be maintained to uphold these standards.

To improve the impact and organization of Friday sermons, with the help of advanced planning and preparation. This ensures that the sermons are not only well-structured but also address relevant topics to inspire and guide the community effectively.

Fundraising efforts will include organizing charity events and dinners to generate resources for upcoming projects. These events will also serve as opportunities to foster community engagement and support for the Masjid’s initiatives.

In preparation for Ramadan 2024, WCM is developing detailed plans to provide meaningful programs, activities, and services that cater to the spiritual needs of the community during this sacred month.

WCM will continue to engage its youth through organized sporting events such as cricket and football tournaments. These activities promote teamwork, physical fitness, and a sense of community among young members.

To address the issue of social isolation among the elderly, the Masjid will launch dedicated projects designed to create opportunities for connection and interaction. These initiatives will focus on fostering a sense of belonging and improving the overall well-being of senior community members.

WCM will continue the initiative of free GP service to the community, every Monday evening, offering accessible healthcare, timely support and referrals without financial barriers. This initiative benefits vulnerable groups, including the elderly and low-income families, while easing pressure on local healthcare systems. It reflects the Masjid’s commitment to community well-being and improving lives through compassionate care.

Structure, governance and management

The charity had an election on 18 March 2018 where all the members resigned. The trustees who served during the year and up to the date of signature of the financial statements were:

Mr Mehboob Bhamani Mr Mohamed Tofique M S Sanjania Mr Sheik Basheer Sheik Jaffer Mr Iqbal Mahmood Mr Abdul Rehman Malik Mr Mohammedarif Habiburrehman Shaikh Mr Hafiz Mohammad Haroon Akhtar Mr Mohamed Talha Meman Mr Naveed Aziz (Resigned 28 November 2023)

WEMBLEY CENTRAL MASJID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The trustees' report was approved by the Board of Trustees.

Mr Mohamed Tofique M S Sanjania

Trustee Dated: 15 December 2024

WEMBLEY CENTRAL MASJID

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WEMBLEY CENTRAL MASJID

I report to the trustees on my examination of the financial statements of WEMBLEY CENTRAL MASJID (the Charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Reddy Siddiqui LLP

183-189 The Vale Acton London W3 7RW United Kingdom 15 December 2024

WEMBLEY CENTRAL MASJID

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
344,019
25,549
Charitable activities
4
14,200
-
Total income
358,219
25,549
Expenditure on:
Charitable activities
5
332,289
41,750
Total expenditure
332,289
41,750
Net income/(expenditure) and
movement in funds
25,930
(16,201)
Reconciliation of funds:
Fund balances at 1 April 2023
1,668,856
439,641
Fund balances at 31 March
2024
1,694,786
423,440		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
369,568
327,551
37,443
14,200
16,093
-
383,768
343,644
37,443
374,039
338,231
46,015
374,039
338,231
46,015
9,729
5,413
(8,572)
2,108,497
1,663,443
448,213
2,118,226
1,668,856
439,641		 Total
2023
£
364,994
16,093
381,087
384,246
384,246
(3,159)
2,111,656
2,108,497

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WEMBLEY CENTRAL MASJID

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the Charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
£
2,097,968
2,488
43,327
45,815
(25,557)
20,258
2,118,226
423,440
1,694,786
2,118,226		 2023
£
£
2,104,045
1,295
29,782
31,077
(26,625)
4,452
2,108,497
439,641
1,668,856
2,108,497		 2023
£
£
2,104,045
1,295
29,782
31,077
(26,625)
4,452
2,108,497
439,641
1,668,856
2,108,497
2,108,497
439,641
1,668,856
2,108,497

The financial statements were approved by the trustees on 15 December 2024

Mr Mehboob Bhamani Trustee

Mr Mohamed Tofique M S Sanjania Trustee

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

WEMBLEY CENTRAL MASJID is an unincorporated association.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Building is depreciated at 2% per annum. Freehold land is not depreciated Fixtures, fittings & equipment 10% Straight Line IT Equipments 20% Straight Line Motor vehicles 25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 344,019 25,549 369,568 327,551 37,443 364,994

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Income from charitable activities

Charitable activities
Charitable rental income
5
Charitable activities
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2023
Unrestricted funds
Restricted funds		 325,035
41,750
366,785
329,406
46,015
375,421		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
14,200
16,093
7,254
332,289
-
41,750
7,254
374,039
8,825
338,231
-
46,015
8,825
384,246		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
14,200
16,093
7,254
332,289
-
41,750
7,254
374,039
8,825
338,231
-
46,015
8,825
384,246
338,231
46,015
384,246

6 Governance costs

Accountancy
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
780
-
780
-
780		 2024
£
780
780
780		 2023 Basis of allocation
£
780 Governance
780
780

Governance costs includes payments to the accountant of £650+vat (2023: £650+vat)

7 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 780 780
Depreciation of owned tangible fixed assets 40,683 34,104

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

Number of employees

The average monthly number of employees during the year was:

Number of employees
The average monthly number of employees during the year was:
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
15
2024
£
142,625
177
1,150
143,952		 2023
Number
14
2023
£
141,493
304
3,345
145,142

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

WEMBLEY CENTRAL MASJID

10 Taxation

As a charity, Wembley Central Masjid is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

11 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Land and
buildings
£
2,404,626
-
2,404,626
323,697
31,199
354,896
2,049,730
2,080,929		 Fixtures,
fittings &
equipment
IT Equipments
£
£
116,073
-
-
3,248
116,073
3,248
94,976
-
2,160
649
97,136
649
18,937
2,599
21,096
-		 Motor
vehicles
£
3,156
31,357
34,513
1,136
6,675
7,811
26,702
2,020		 Total
£
2,523,855
34,605
2,558,460
419,809
40,683
460,492
2,097,968
2,104,045

The property was purchases on 15 April 1994.

12
Debtors
Amounts falling due within one year:
Trade debtors
13
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
2,488
2024
£
948
23,049
1,560
25,557		 2023
£
1,295
2023
£
4,131
21,714
780
26,625

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,150 3,345

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Zakat & Fitrana
Previous year:		 At 1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
439,641
25,549
(41,750)
423,440
At 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
448,213
37,443
(46,015)
439,641

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds
Previous year:
General funds		 At 1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
1,668,856
358,219
(332,289)
1,694,786
At 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
1,663,443
343,644
(338,231)
1,668,856

WEMBLEY CENTRAL MASJID

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
1,680,458
417,510
Current assets/(liabilities)
14,328
5,930
1,694,786
423,440
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Tangible assets
1,667,349
436,696
Current assets/(liabilities)
1,507
2,945
1,668,856
439,641		 Total
2024
£
2,097,968
20,258
2,118,226
Total
2023
£
2,104,045
4,452
2,108,497

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).