RF.GISTERED CH.4RITY NU￿IBlR. 291089 REPORT OTr" THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR LNDED31 MARCH 2024 FOR MADINA MOSQUE TRUST Ward Divecha Lid Statulory Auditors 29 Welbeck Sireet London WIG 8DA IIIADINA NIOSQUE TRUST CONTENTS OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 ￿lARCH 2024 P*ge Report of the Tru5t¢es Report of the Independent Auditor5 Statenjent of Finanelil Activilits Bal*nee Sheet 10 Notes to the Financial Statements 18 Detailed Stalement of Financial Acti%'ities 19 20 1IIADIliA IIIOSQUE TRtiST REPORT OF THE TRUSTEES FOR THE YEAR EN'DED 31 IIIARCH 2024 The truslees preseni iheir report wilh the financial statements of the charity for thc year ended 31 March 2024. Thc truslccs have adopted Ihe provisions of Accounting and Reponing by Chariiies: Siatetnenl of Recotnmended Prdctice applicable io charitics preparing their accounts in accordance with the Financial Reporting Standard applicablc in ihe UK and Republi¢ of Ireland (FRS 102) {effcclivc l January 2019). OBJECTIVES ANI) ACTIVITIES Objective5 and Aims To advancc the religion of Islam, by means of, bul not exclusive lo. promoting the ieachings and ienets of Islam, in accordance wilh the Sunni Hmnafi Sch(M)l of Thought, proi'ision of facililies for worship. and provision of facilities for Islamic education. the public celebraiion c)frcligious feslivals and the disiribulion of literature on the Islamic faith io enli&*hien oihers. To proniole any oiher charitable purpose for ihc benefit ol. Muslims and th¢ wider communily. Our aim is to provid¢ a fa¢ilily where Muslims can worship and to provid¢ o communiiy facilily for all the ommunity of Clapton. Our lon¥.terni ambilion is to help make our area a ￿ceful. vibrant. and ham]onious community. Public Benellts The trustees ¢onfirn) Ihal ihey have complied wilh the duly in section 4 of the Charities Act 2006 to have due regkard lo public benefii guidance published by Ihe Commission in deierniining the activilies undertaken by Ihe C'l)aTiIy. Page I IIIADINA IIOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 I¥IARCH 2024 OWLCTIVES AND ACTIVITIES Significgnt a¢ti%'ities and Public Benefits The charity carries oui a wide range of activiiies in puT5uance of its charitable aims. The trustecs consider that these activitics. suinmariz¢d below. provide benefit IM)th to our siudenis and Ihe widcr community of Clapton. London. Children's Classes: The charity operales Supplementary School classes on the weekdays catering for approximately ?80 students ranging between ihc ages of 5 - 16. Hifdh Classes {Qur'an Memori%ation Pro%ramme): Memorisation of Ihe Qtsr'an is considered ali iiiipc)rlaiit ¢lLlI)¢i)l ol'reli&¥iou% eduLalion and iraii)ii)&J and iherefore H'e conlinuc lo provid¢ Ihis facility for our stud¢nts. We currenily have approximai¢ly 20 sludenis enrolled onto this programine. Hifdh Graduation: we held a graduation ceremony to celebrdte the marvelous achicvement of a student in completing tlie memorisalion ofihe Qur an. which was ollended and enjo)'ed b), niore than 300 people. Ramadan Night Pro)'ers (Tarawlh): One of our Qur'an memorisaiion prograinine studenls lead a largJe congir¥￿¥aII￿n in nigThily prayers impeccably for the full monih of Ramadan. Many wiihin the con&FregFations were impressed by the qualily of Iheir recilaiion and the strengih of their memorisaiion, despite their young age. Throughoui Ramadan, we held Iftar meals in ih¢ Masjid. This provided greal support to Ihe ovcrsea sludei)Is and asylum seekers. Educational Progr*mmes: At ihe trusl, w¢ hold monthly educ81ional pro¥rammes for the students who have left the classes. Evening Adult Cl*$ses: We also operate numerous classes for both male and female adults within the Community tailored io their requirements and needs. These include beginner Qur'an classes for adu115 and other classes focusing on oiher sciences Marriage and burl*l Services We provide marriage and burial services. Strategies We want to make our Mosque an accessible and wel¢oming venue where all Muslims, or those who wish to know more about our faith can gaiher togdher to learn a￿￿)ul Iheir religion and worship. The Mo4ue is open al all limes with daily prayers, the Friday prayers Ixing a focus of our a¢tiviti¢s. An important pari of our strategy is comtnunity welfare and education. All our community facilities and activilies including classes and seminars are advertised and we welcome ihe participalion of all in our local community. Volunteers Most of the charity's aciiyities involve volunteers in the delivery of ils acliviti¢s. We as always. grdtefijl lo these volunteers in making th¢ acliviti¢s of our centre a spirilual and pleasant experience for the publi¢. Page 2 IIIADIYA IIIOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ￿lARCH 2024 FINANCIAL RF.VIEW Reserve5 polic). Reserves are needed to bridge Ihe gap betwecn the spending and receiving of income and to cover unplanned cmergcncy rcpairs and other eX￿ndItUres. The trust's average monthly spcnding was £34.975 (2023.'£23,905) per month during thc year ended 31" March 2024. The trustees Consider thal the ideal level of reserves ￿'Ou]d cover six months of spendii)g which is approximately £209.365 {2023.. £147,3361. The current reserves come to £6.368.073 {20?3.' £6.423,178) with cash at the bank of £164,118 (?023'. £198.25?) at the year. the i-liariiies Aci .111 I: Char￿ry1.￿ecQ￿IntN ai)d Repoiis) '(108 &icl the pro￿lS1on$ of thi: trus-_ deed requirbs Lrie truslc'=s Ic. prepare finaniial stsTLlliI:1115 foi. e&.ch f11&ni'. al )Jear M hiLh giki a Irue a.Id fair N iew of th¢ %iai¥ jf aTTriiil"S i)t- the cl'.aril}' and o-. Ihe ini.'oiniiig rebOLircLs aiid ui)plii:a'.ioi) Ol"" reiource>. jIILludiniY the in¢oinL &id ¢.KpenJiture, of tl)- cliariti tor ihat i)c-icd. In parinLI t.ios¢ finan￿la1 sLiteirients, Ih¢.' truiiees are required io seltLI SUltaEile a¢¢i:,untinx p)licies and ihen apply ihem eonsisienily: obbeTh'e the nie[h￿l5 and pillii¢iples 1.1 tlie Cliarit￿. SORP: make.jiidg*iient4 ,'In(l etsLimate% that 3fw reas(Inabl¢ and F.nJde".It- prL'pLr¢ ..Ii¥ financi.il iia1¥￿1¥nl!'. on tt¢L boing concern bjsis unle55 it ib iiiappmpriale lo preiiim¢ that l.:ie ch:IriJi %trill L'oniin'.Je in buSiTiess. TIIL. L."LigieeE &ire re%i)onsible foi- keeping ?r.)Fer accouiiling r¢¥oril> 11.hi-.Ii disL.ose iiJiih r¢as()nAlile accLirak)' ai an) liii'ie thl. 1112UILial p()sition i)f IhL' charii>' anc.. io enable iliem i() ei)siirLI that ilie f.naiicial %talLm¢iiis knOTnpl)' 'iih .l)e Cliai'ii.ies ￿￿e1 2QI I, thL C.'harir!' IIKccoLnis and Ri:porl> i R-¥vulaiions ?OOS and ihe pi'i>visi(Jlll; ol. the Iriisl ili-£.d. l-l)¢% are a1SLI respoi)sible fi>r safeguardingv the ;i£set% i)I'IFie iliarit). ai)d henc¢ for tsk.ino rL'a!'.01)*ble Slops l<>r ihc. i)It'venlii )n and d¥l=ciion o." Iraud and other irrLb)uldrilie>. Ai)pi'oi'ed l)y Cirder ol". the Ik)ard of trusl>e< on 2'¥h of JanuiTr ?0?5 anc %igned on IES ￿halt. Eiy: qsbb".r l£aii/ai I"1'ust￿e REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IIIADIIIA .IIOSQUE TRUST Opinion We have audited thc financial s¢atctncnts of Madii)a Mosque Trnst {Ihe 'cl)ariiy') for ihe year cnded 31 March 2024 ￿,hic]I comprise the Statemeni of Financial Aciivilies. the Balanee Shcet aiid notes to tl)e rinancial statein¢nis, in¢luding a summary of significant accounting Frt)licies. Tl)e financial reponing framework thai has ken applicd in their preparation is applicable law and United Kingydoni Accoui)ting Standards (United King(lom Generdlly Accepled Accouniing Pra￿lee). In our opinion the financial statements= Trive a true and fair view of ihe sia¢e of ihc charity's affairs as at 31 March 2024 and of ils incoming resources and applicalion of resources. for the year then ended. havc been properly prepared in accordance wilh United Kingdom Gencrdlly Accepted Accounting Practice.. and liave been prepared in accordance with the requirements of the Charilics Act 2011. BASIS for oplnion We conducted our audi¢ in accordance wilh Internalional Standards oil Auditing {UK) IISAS {UK)) and applicable law. Our responsibililies under those standards are further described in the Auditors, responsibililies for the audit of the financial statements section of our report. We are independent of the charily in accordai)¢e with ihe ethical requiremenis ihai are relevani to our audil of the financial slaiemenls in the UK, includingp ihe FRC'S E(hiL#l Siandard, and we have fulfilled our other eihical responsibiliiies in accordance wilh th¢s¢ requirements. We believe that Ihe audii evidence we have obiained is sufficient and appropriat¢ lo provide a basis for our opinion. CoThrlusions r¢l4¢in2 10 2oin% concern In audilingj tl)e finanLial slalemenis. we have concluded ihai ihe trustees. use of the going ¢on¢cm basis of accounting in the preparalion of the financial slalements is appropriale. Based on the work we have perfornled, wc have noi identified any material unceriainties relating lo events or nditions Ihal, individually or colleciively, may cast significant doubt on the charity's abilily lo continue as a oing concern for a period of ai least twelve months from when ihe financial slatemen(s are auihorised for issue. Our responsibilities and the responsibilities of Ihe trnslees wilh respeci io going concern are described in the relevanl se¢lions of this report. Other information The irustces are responsible for the other infornialion. Th¢ other inforniaiion comprises the inforniation included in the Annual Report, other than Ihe financial siaiement5 and our Report of the Independent Auditors Ihereon. Our opinion on the financial stalements does noi cover the thher inforniation and, except to lh¢ exl¢nl otherwise ¢xpli¢itly stated in our report. we do not express any forni ofassuran¢¢ conclusion Ihereon. In connection with our audit of the financial statements, our re5ry>nsibility is to read the other infornialion and, in doing so, consider whether ihe other inforniation is materially inconsistenl with the financial slatements or our knowledge obtained in the audit or oth¢nYis¢ appea￿ lo be materially misstatcd. If we identify such material inconsistencies or apparent material Mis￿ateMents, wc are required io detfflnine wheth¢r ihis gives rise lo a material misstatement in the financial slalements themselves. If, based on the work we have perfomied, we conclude that thcre is a material misstat¢m¢nt of this oiher infom?ation, we are required to report ihat fact. We have nothing lo report in Ihis regard. Page 6 REPORT OF THE II%DEPEN'DEI%T ALIDITORS TO THE TRLSTEES OF IADIN'A IIIOSQUE TRUST Matters on ￿hleh Me are required to report bi. exception We havc nothing to report in respeci of ihe follow'ing maiters wherc thc Charitfftes (Accounts and Reports) Regulalions 2008 requires us io report to you if. in our opinion.. the infomiation given in the Report of the Trnstees is inconsisieni in any material respect with ihe finanLial statements. or sufficicnt accounting records have noi been kept. OT the financial siaiements are not in agrceinent wilh ihe accounting records and relurns; or we have not received all Ihe inforn)aiion and explanaiions we require for our audit. Responsibilities of trustees As explained more ￿]lY in the Statemenl of Ttusiees, Responsibilities, thc truslces are responsible for the preparation of the financial siaiemenis which give A true and fair view. and for such inlernal control as the Itvstees detern)ine is necessary lo enable the prepardtion ol. financial staiemenls ihai are frce froni iiiaterial misstalement, whether duc lo fraud or error. In preparing ihe financial slatements. the trust¢cs are responsible lor assessing the charity's ability to ¢ontinue s a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis ol. Jc¢otsnlinbp unless Ilie irustees either inlend io liquidal¢ the charity or lo cease operations, or have no realistic aliernative but to do so. Our responsibilities for the audit of the fJnanci&l 5talemeDts We have been appoinied as audiiors ui)dcr Seclion 144 of ilie Charities Acl 2011 and wort in accordance witli Ihc Aci and relevant regulations made or having effeci ihereunder. Our objeLliv¢s are lo obiain reasonable assurance aknut whether tl)e finan¢ial slaleinenls as a whole arL free from material misstalement, wheih¢r due to fraud or error, and io issue a RerK>rt of ihe Independ¢nl Auditors that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guaranlee that an audit ¢ondu¢ted in accordance wilh ISAS (UK) will always del￿t a maierial missia¢emeni whcn it exists. Missiatemenls can arise from fraud or em)r and are Considered material if, individually or in tlie aggiregal¢, they could reasonably be ¢xpe¢t¢d lo influence ihe economic decisions of users laken on ihe basis of these financial slalemcnls. The exienl to which our proc¢dures are capable of deteciing irregulariiies , including frdud is detailed below. Irregularities. including frdud. are instances of non-compliancc with laws and regulalions. We design procedure in lin¢ with our responsibilities, ouilined aknve. lo detecl mal¢rial misslalemenls in respect of irregularilies, including fraud. We obtained und¢rslandin8 of the legal and regulaiory framework applicable to the cnlity and how il complies with framework by discussing wilh senior rnanagem¢nt and checking compliance with the regulations. A further description of our responsibilities for the audit of th¢ fjnancial statements is I￿ated on ihe Financial Rcporting Council's website at www.frc.org.uk/audilorsTcs￿nSib711t1Cs. This description fornis part of our Report of the Indep¢nd¢nl Audilors. Page 7 Rf.PORT OFT14E IN'DEPENDEN.I" AIIDITORS TO TEIE TRIISTF.ES OF ,.IDIXA.IiugoL.L---riiii"i- Use of ollr report Tliis repon 14 niade solely lo the charit) s irnslees, as a body, in accordai)ce H'iih Pan 4 of the Charilics (Ac¢1)u￿)IS aiid Reports) RegTulalioii% ?008. Our audit ii'ork has becn ui)derlaken so ihai li'e i)iig,l)l State to Ihc charity's trusiees Il)ose n)aitCTS Il'c are required to state io them in an auditors, re￿rt and for iio otliei puiposc. To ihe fullest extent pernlilted by law. H'e do noi aLc¢pt or assume respoiisibilily lo anyone oiher ilian the charity and the charity's twsiees as a body. for our audii work, for ihis report, or for the opinions we hai'¢ forn)ed. Adil Divecha {Senior Siatutory Audilor) For and (>n kl)cIs Iiivesir.1" ni propert)" 13 848.032 14 sj￿,,¢￿)0 850,592 S.) 8(1,000 JIIv,IMIII 6228￿2 62?8,￿.1.: li,2)(1599 C'URRI',NT .4SSETts 15 Cash ..i": )ank and in P.aTid I￿,11S 164,1 I I￿.11& 11>4,118 211,80) C'REI)I I'ORS Amo,.'ni> falling du¥ within on¢ v¢ar 16 (24,117-) (74,1)ry") {ICI217 ]%ET C'.LIRRENT ASSF.TS 140.IMI 140,IHi 19=:,586 TOT.4I.AS%ETS Ll.:SJsLU14.IIEI%T LIAFIiLITIF.S 6J6&07I 6Jli8,lYI'I 6.42-,178 £T A£,'SF.TS 6J68J)71 6Jii%',O!-, 6,42".,178 ]"¢ UNDS l.i)rebil-I"ted funds 17 6J68,0ry:; TOT.4I, FUNDS 6Jii¥,OY.I ,17S' Th¢ IiiiJncial staieiiif.'riis W4re appTOI'ed by the B(4..d of Tru>iees aiKI auihoriscd foi. iiSU¢ <)n 2g ol'J:11)uary ?025 E.nil ii'ere '.gned on ils behi..If bN': Sabbii- Bili)'F&t Trustte Triisiee note> loiin part of these finap.iial sL'ilemeiiti PLoe 10 MADINA NIOSQUE TRUST NOTES TO THE FIIYAI%CIAL STATENIENTS FOR THE YEAR ENDED.11 IIIARCH 2024 ACCOUNTING POI.ICIES Basis of preparing the finaucial statemen¢$ l-hc financial statements of thc charity. which is a public bcnefil cntity under FRS 102, have been prepared in accordance with the Chariiies SORP (FRS 102) 'Accounting and Reporting by Charities.. Siaietnent of Rcconimended Praciice applicablc to charities preparin¥ Iheir accounts in accordance witl) the Financial R¢wnin&y Siandard applicable in ihe UK and Republic of Ireland IFRS 1021 (effcctivc I January 2019),. Financial Rewning Siandard 102 The Financial Reporting Siandard applicable in ¢he UK and Republic of Ireland, and ihc Charities Aci 2011. The financial statements have been prepared under the hisiorical cosi convention. as modified by ihe revaluation of certain assels. Income All ii)come is ￿ognIsed in (he Stalement of Financial Aciivilies once the charily has enliilement to the funds, il is probable thal the income will be received and the amount be mwasured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion commiiiin the ¢harily to that expenditure. il is probable Ihal a irdnsfer of economic benefils will bc required in settlement and the amount of the obligaiion can be measured ￿liablY. Expenditure is accounl¢d lor on an accruals basis and has been classified under headings Ihal a¥gvre¥aie all cost related to the caiebpory. Where cosis cannot be dirccily atlributed io particular headings ihey have been allocated to activities on a basis consistent witli ih¢ use of resources. Tangible fixed Assets Fixiures & Fillings are depreciated at 20 % on reducing balance methi)d. No dcprecialion is charged on freehold property as il is maintained io a high siandard and Its market value is higher ihan the book value. Investment propertles Investmeni properties are shown al fair value valuation. Any aggrcgale surplus or deficit arising, from changes in fair value ar¢ transferred lo the SOFA. Tfdxatloll The charity is exempl from tax on its charitable activities. Fund A¢￿￿￿tIll8 Unrestricted funds Can be used in accordance wilh th¢ charitable objectives ai the discretion of the trnslees. Restricted funds can only b¢ used for particular resiri¢led pury)oses within the objects of Ihe chariiy. Restri¢tions aris¢ when specified by the th)nororwhen fund5 are rdi5ed for particular restricied purrrfyses. Further explanation of the nature and purw>se of ¢a¢h fvnd is included in the notes to the financial stat¢menls. Pension costs and other p)st-retiremeni benefits The charity opcrates a defined contribution pension sch¢me. Contributions payable to the charily's pension scheme are ch3r8¢d lo the Statement of Financial Activities ID the period to whi¢h they relate. Page I continued... MADINA IIIOSQUE TRUST NOTES TO THE FINANCIAL STAI'ENIENTS- continued FOR THE YEAR E￿,DED 31 IIIARCH 2024 DONATIONS AND LEGACIES 31.3.24 Total fund$ 31.3.23 Total funds Unrestricied Restri￿ed fund5 funds Donations Sale Coll¢clion Eid Collection Juma Collcction Ramadan Collection 63240 6,995 1735 23,616 12,917 63,240 6,995 2,735 2.3.616 12,917 26.042 7.495 2,582 22,227 8,292 109503 109,503 66,638 OTIIER TRADING AcfiviTIES 31.3.24 Total funds 31.3.23 Tolal nds Unrestricted Restricted funds funds Calender l Radio Sales Burial F¢¢s Maddrcsa Fees Marriag?e fees Membership Fees 1,035 1,035 650 99,424 80 1,800 1,090 1,130 102,636 99,424 80 1,81K 2,540 102,989 102.989 107,396 INVESTMENT INCOME 31J.24 Total funds 31.3.23 Total funds Unrestricled Restricted funds fimds Rents receivable 152,094 152,1)94 149,8 Page 12 continu￿... MADINA IIIOSQUE TRUST NOTES TO THE FIIYANCIAL STATEIIIENTS- continued FOR THE YEAR EN'DED.11 IIIARCH 2024 OTHER TRADING AcfiN'ITIES 31J.24 Total funds 31.3.23 Tolal fuiids Unrestrid&l Restricted funds fimds Purchas¢s 3282 3282 9,677 INVESTMENT MANAGEMF.NT COSTS 31J.24 Total funds 31.3.23 Total funds Unrestricted Reslri¢le funds fimds L¢tling Agent Fee 4.375 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Adminisiration Charilablc Activities SJ21 5,321 411,088 411,088 411.088 5J21 416,409 iUPPORT COSTS Govemance costs Finance Totals Administralion 4,280 5J21 AUDITORS, REMUNERATIOIY 31J.24 31.3.23 Fees payable lo the charity's audilors for the audit of the charity's financial stalements Page 13 continu￿... IADINA ￿lOsQuE TRLST NOTES TO THE FINANCIAL STATEIIIENTS- continued FOR THE YEAR E￿,DED 31 NIARCH 2024 10. TRUSTEES, REMUNERATION AI%D BENEFITS Therc were no trnstees, remunerntion or other benefiis for ihe year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, ¢xpens¢s paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Key mAnigement personnel The key managemenl personnel is ihe board of trustees and execuiive commillee. I I. STAFF COSTS 31J.24 31.3.23 Wages and salaries Social s¢¢urily costs Other pension costs 175.638 3,589 1,452 161,303 2.547 1,296 180,679 165,146 The avera¥e monihly nurn￿r of employees during the year was as follows: 31J.24 21 31.3.23 21 Charitable Activities No employees received emolumenls in excess of £60,IKX). 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted funds Fund Total funds INCOME AND ENDOWMENTS FROM Donations and l¢gacies 66,638 66,638 her trading activities tnvestmenl incomc 107.396 149,8(Kl 107,396 149,800 Total 323.834 323.834 EXPENDITURE OIY RaiSlDg fulld5 Other trading activities Itivestment management costs 9,677 4.375 9,677 4,375 14,052 14,052 Page 14 continued... IIIADIYA IIIOSQUE TRLIST IYOTES TO THE FINANCIAL STATENIENTS- continucd FOR THE I'EAR EN'DED 31 IIIARCH 2024 12. COMPARATIVES FOR TIIE STATENIENT OF FINANCIAI, ACTII'ITIES- continued UnrestriLted Restricted Total funds fund funds Charitable activities Administration Charitable Activities 7,061 266,115 7,061 266.115 Total 273,176 273,176 NET INCOME 36,606 36,606 RECONCILIATION OF FUNDS Total funds broughi forward 2.265,313 2.265,313 TOTAL FUNDS CARRIED FORWARD 2,301.919 ? 301.919 13. TANGIBI.E FIXTr:D ASSETS Fixlures Freehold property fittings Tolals COST At l April 2023 Additions 837,792 16,000 853,792 Ai 31 March 2024 837,792 16,000 85.1,792 DEPRECIATION At l April 2023 Charge for year 3,200 At 31 March 2024 5,760 5,760 NET BOOK VALUE Ai 31 March 2024 837,792 10340 848.032 At 31 Mawh 2023 837.792 850,592 Page 15 continu&l... MADINA NIOSQUE TRUST NOTES TO THE FINANCI.4L STATEIIIENTS- eontinued FOR THE YEAR ENDED 31 ￿lARCH 2024 14. INVLSTMENT PROPERTY FAIR VAI.UE At l April 2023 SJ80,000 At 31 March 2024 5,380,000 NET BOOK VALUE Al 31 March 2024 5J80,000 Ai 31 MarLh 2023 5.038,000 Fair value at 31 March 2024 is represenied by.. Valuation in 2023 5J80,000 IS. DEBTORS: AMOUNTS FALLING DUE WITIIIN ONE YLIR 31J.24 31.3.23 O(her debtors 5,776 13.551 16. CREDITORS: AMOUNTS FALLING DUE W'ITHIN ONE YEAR 31J.24 31.3.23 Taxation and social secuTity Other creditors 3,080 16,014 4,983 19.217 Trade Creditors 24,077 19,217 17. MOVEMENT IN FUNDS Nd movemenl in funds Al 3113124 At 114123 Unrestricted funds Unrestricted Funds Revaluation Reserve 2JOI,919 4,121259 (ss,ios) 2J57,024 4,121259 423.178 (55,105) 478,283 TOTAL FUNDS 423.178 (55,105) 478,283 Page 16 continud... MADINA NIOSQUE TRiiST NOTLS TO THE FINANCIAL STATEIIENTS- continued FOR THE YEAR ENDED 31 I%lARCH 2024 17. MOVEMF.NT IN FUNDS - continued Nel movement in funds, includcd in the above are as follows= Incoming resources Resources expended Gains and Movement osses in funds UDrestricted funds Utueslricied Funds Rei'alualion Reserve 364585 (419,690) {.$5,105) 3fA.585 (419,690> 155,105) TOTAL FUNDS 364.155 (419,690) 155,105) Comp*r#tive5 for movement in funds Nd Transfers between funds movement in funds Al 311.3123 At 114122 Unrestricted funds Unresiricled Funds Revaluation Reserv¢ ?.265.313 3.793,446 36.606 327.813 2,301,919 4.121,259 6,058.759 364,419 6,423,178 Re¥tricted funds Rcs(ricled Funds TOTAI, FUNDS 6,058.759 364.419 6,423,178 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expend Gains and Movement losses in funds UDrestri¢ted fuDd$ Unrestricted Fun(Ls Revaluation Reserve 323.834 (287.228) 36,606 327,813 327,813 323.834 (287.228) 327.813 364.419 TOTAL FUNDS 323.834 (287,228) 327,813 364.419 Page 17 continued... IADINA IIIOSQL,E TRLIST NOTES TO THE FINANCIAL STATEI%lENTS- continued FOR THE YEAR EI%DED 31 hlARCH 2024 17. MOVEMENT IN FUNDS - Continued A current year 12 inonths and prior year 12 monihs combined w>silion is as follows= Net movement in funds Transfers beliv¢en funds At 3113124 Ai 114122 Unrestricted fuDd5 Unrestricted Funds Revaluation ReseNe 2.?65,313 3.793.446 (18.499) 327,813 2,?46,814 4,121,259 TO'I'AI. FUNDS 6,058,759 309.314 6.368.073 A current year 12 months and prior year 12 monihs combined nei movemeni in fisnd5. included in thc above are as follows: Incomtng Resources resources expended Gains and Movement losses ir] funds Unre%tricted funds Unresiriilid Funds Revaluaiion Reserve 688.834 (706,919) {18,4991 327,813 327,813 TOTAL FUNDS 688,834 {706.919) 327,813 309,314 18. RELATED PARTY DISCLOSURES There were no related party trdn5actions for lh¢ year ended 31 March 2024 (Nil . 31 March 2023) Page 18 MADIliA1IIOSQUE TRLST DETAILED STATENIENT OF FINANCIAL ACTII'ITIES FOR THE YEAR EI%DED 31 IIIARCH 2024 31.3.24 31.3.23 INCOME AND ENDOIVMENTS Donations and Iwcies Doiiations Safe Colle£tion Eid Collection Juma Collection Ramadan Collection 63,240 6,995 2,735 23,616 12,917 26.042 7,495 2,582 22,227 8,292 109,503 66,638 Other trAdiDg Activities Calendar / Radio Sales Burial Fees Maddresa Fees Marriagie Fees Membership Fees 1,035 650 99,424 80 1000 1.090 1.130 102,636 2,540 102,989 107,396 Investment Ineome Renis receivable 152,094 149,800 TotAI IDeomln% re50urres 364,586 323,834 EXPENDITURE Other trading activltles Purchases Mosque BIK)ks 6,813 ?,864 3,282 3282 9,677 Investment m*nagement eosts Letting Agent Fee 4,375 Charitable *divilies Wages Social security Pensions Rates and water Carried forward 175,638 3589 1,452 218 180,897 161.303 2,547 ,296 213 165,359 This page does not forn] part of the statutory financial statements Page 19 i¥lADI￿,A NIOSQUE TRUST DETAILED STATENIENT OF FINANCIAL ACTIIIITIES FOR THE YEAR ENDED 31 NIARCH 2024 31.3.24 31.3.23 Charitable artiTrTrties BrougYl)t lonvard Insurdnce LigFhi and heat Telephone Postage and stationery Motor Expenses Calendar Refreshment for kids Website Repairs & renewals Cleaningy expenses Donations Oil)er le¥al and professional fees Annual Funciion Depreciaiion of tangible fix¢d assets 180,897 3,084 13,692 545 427 165.359 3,479 11.321 427 1,175 42 700 5,17.1 644 192,226 189 74.889 5,070 4,731 5.870 3,21K) 411,088 266,115 Support costs Trlnance Bank charges 1.041 1.021 Govern*nce eost5 Audi(ors' remunerdtion Ac¢ounlancy fees 1,68U 2,600 3,9 2,140 4,281i 6,040 Total resources ¢xpended 419,691 287.228 Iyet income l (Deficit) (55,105) 36,606 This page does not forni part of the statutory financial statements Page 20