REGISTERED CHARII'Y NUMBER: 291089 REPORT OF THE TRUSTEES AND FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR MADINA MOSQUE TRUST Ward Divecha Lid Siatutory Auditor5 29 Welbeck Stre¢¢ Lnndon WIG 8DA
IADINAIIIOSQUE TRUST CONTENTS OFTHE FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 lARCH 2025 Page Report of the Tru51ee5 Report of the IndependeDI Auditors Statement of Financial ArtItieS BalAnce Sheet 10 Notes to the Finan¢i41 S¢*tements 18 Detailed S¢a¢ement of Financi•l Activities 19 20
MADINA lOsQuE TRUST REPORT OF THE TRUSTEES FOR THE I'EAR ENDED 31 lARCH 2025 The trustees present their repon u'iih ihc financial statements of ihe charily for the year ended 31 March 2025. The irusiees have adopted the provision5 of Accounting and Reporting by Charitics.. Statement of Rccommendcd Prdctice applicable lo charities preparing their a¢counis in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (effective l January 2019). OKIECTIVES AND ACTIVITIES Objectives aims To advance the rcligion of Islam, by means of, but not exclusive to. promoting the leaching5 and tenets of Islam. in accordance with ihe Sunni 14anafi School of Tliought, provision of facilities for worship. and provision of facilities for Islamic education, Ihe public celebraiion of religious festivals and the distribution of liieralure on the Islamic faith lo enlighien oiher5. To promote any other charithble purwy5e for the benefit of Muslims and the wider community. Our aim is lo provide a facility where Muslims can worship and allowing them io cary out other religious activities. Our long-lerni ambition is to help mak¢ our area a peaceful. vibrdnl. and harn]onious Community. Public Benefits Tlie truslees confirn] thal they have complied with th¢ duly in section 4 of the Charili¢s Act 2006 10 have due re&Fard lo public benefit guidance published by Ihe Commission in deterniining the activities undertaken by the Charity. Investment propertles: The trusl owns five invesiment propertics which are legally regisiered in lh¢ names of Irnsiees. These properties are held by the trustees in iheir capacity as Irustees and nominees only. Beneficial ownership of the properti¢s r¢sls solely with the irusi in accordan¢¢ wilh th¢ Irusi deed. Page I
MADINA IIIOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 TrIARCH 2025 OWECTIVES AND AcfiviTIES Signific4nt actii'itie5 and Public Benefits The charity carries out a wid¢ rang¢ of activities in pursuance of its charitable aims. The irnstecs consider that these activities, summarized below, provide benefii IK>ih to our students and the wider community of Clapton. London. Children's Classes: The charity operates Supplementary School classes on the weekdays catering for approximaiely 280 sludenls ranging beiween the ag¢s of 5 - 16. Hifdh Classes (Qur'an Memorisation Pro£r•m): Memorisation of the Qur'an is considered an impx)rtant elenient of religiou4 education and training and iherefore we coniinve 10 PTt)vide this facility for our stud¢nts. We currently have approximaiely 20 udentS enrolled onto this program. Hifdh GrAduation: we held A graduation ¢¢remony io celebrdte the marvelous achievement of a student in coiiipletii)g the memorisation of the Qur'an. Ivhich was attended and enjoyed by mor¢ Ihan 300 people. RAmAdan Night Prayers {Tarawih): One of our Qur'an memorisation program sludenls lead a large congreyalion in nightly prayers impeccably for ih¢ full monih of Ramadan. Many within ihe congregations were impressed by the qualily of their recitation and ihe strength of their memorisaiion, despite their young Throughout Ramadan, we held Iftar meals in ihe Masjid. This provided greai support to the oversea students and asylum seekers. EducY41ionl ProgrAms: Ai the trust. we hold monthly educational programs for men and women in our community. Adult Clsse$: We also operate numerous classes for both male and female adulis within the community lailored to iheir requirem¢nls and needs. These include beginner Qur'an classes for adults and other classes fusing on other sciences MarrlA8e ind burlAI Services We provide marriage and burial xrvices. Strategies We want to make our Mosque an eSSIble and welcoming venue where all Muslims. or those who wish io know more about our faith can gather logether to learn about their religion and worship. The Mosque is open al all times with daily prayers. Ihc Friday prayers being a focus of our aclivities. An important part of our strdtegy is community welfare and education. All our Community faciliti¢s and aclivities including classcs and seminar5 are adv¢rtiS¢4t and we welcom¢ the participation of all in our local community. Volunteers Most of the ¢hartly's activities involv¢ volunteers in the delivery of its aclivilies. We are, as always, grateful to thes¢ volunleers in making the activilies of our centre a spiritual and plcasant exp¢rience for the publi¢. Page 2
MADINA MOSQUE TRUST REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31 IIARCH 2025 FINANCIAL RF.VIEW Reserves lItY Reserves are nccded to bridge Ihe gap between the spending and receiving of in¢ome and to cover unplanned emergency repairs and other expenditures. The irnsi's avcrage monthly spending was £25,611 (2024'.£34.975) per month during the year ended 31$1 March 2025. The trustees Consider thai the ideal level of reserves would cover six months of spending, which is approximately £153,665 (2024: £209,365). The Current reserves come to £6,460,539 (2024.. £6.368,073) with cash at the bank of £247,628 (2024: £164.118} at the year<nd 31" March 2025. The irustees Consid Ihe trnst is in a healthy posilion to continue supwrting ihe charity obj¢¢iives. Going concern The Iwsiee% consider the charity lo have suffi¢i¢nl funds to continue in operdtions for a period of twelve months. The trustees iherefore consider the charity io be a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dment The charity is registered as a Charity wilh ihe Charity Commission for England and Wales. The Charity is governed by trust¢¢s and Ihe executive MMittee. made up of ihc Iruslees and the managemeni committee. who are rcswjnsible for th¢ ¢ffcclive management of the organisaiion. Meelings are held on a regLtlar basis. Reerultment and appollltment of new tree5 The exi5tin&i trustecs are responsible for the recrniimenl ofnew trustees. In selecting new INsttts, we seek to identify people who are commilled individuals whose views arc 81igned to ihe chariiy's vision in addition lo b¢in¥ able lo offer relevant skills and experien¢¢. Potential trustees are invited to attend Iruslees, mthings to med the Irnsiees and have an inforn)al interview and are given mor¢ delails about ihe charity's aims and aciivilies and. if all agree, (hey are ihen proposed as new trustees al the subsequent truste¢s' meeting. This process allows due consideration of the twson's eligibility. personal competence, sp¢¢ialisl knowledge and skills. Organl%&tlODal 8¢rncture Th¢ charity (rustees ar¢ responsible for the general control and managcment of the charity. The Irustees meet together as a b(Kly and are responsible for overdll governance. The management commilt¢¢ oversees the managellI and day-lo-day running of the charity. To organise the govcrnance of Ihe charity, the trustees are in the process of setting up a number of sub•commillees io delegate key areas of resw)nsibilily. The day-to-day managemeni of Sev¢n kings Muslim Educational Tntst and administralion of the projects are controlled by the management commiiiee. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 291089 Page 3
MADINA lOsQuE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 lARCH 2025 Principal addres5 2a Leabridge Road Clapton London E5 9QD Trustees Abdul Hai Saccha Sabbir Baiyat Yusuf Ali Mangera Adam Varachia Ebrahim Patel Moliamed Suleman Pirbhai Abdul Rahman Palcl Sabbir Palcl Yusuf Hajal Management Committee Gulam Ilussain MangLra (Chainnan) Ilyas Anish Lakhi Badre-Alam laher (Secretary) Zakariya Aluned Suleman Ahn)ed Patel (Treasurer) M. Salim Palel Abdul Satlar Kaji Isl)aq Anis Lakhi Saeed Ahmd Raval Zaid Patel Ismail Mohammed Patel Auditors Ward Divecha Limited Statulory Auditors 29 Welbeck Street London WIG 8DA STATF.MENT OF TRUSTF.ES' RESPONSIBILITIES Thc trnsl¢¢s ar¢ r¢spon5ible for preparin¥ thc Report ofthe Trustees and the financtal statemen15 in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generdlly Accepled Accounting Practic¢). Page 4
MADINA filOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 NIARCH 2025 STATEMENT OF TRUSTEES, RESPO]¥SIBILITIES - continued The law applicable lo charities in England and Walcs. thc Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the tTU51 deed requtres the irustees io prepare financial statements for each financial year whtch give a irue and fair view of Ihe siale of affairs of the charity and of th¢ incoming resources and appli¢alion of resources, including ihc income and expendiiure, of the charity for Ihal period. In preparing those financial statements. Ihe irustecs are required to select suitable accounting policie5 and ihM apply them consistently" obsetve the meth(Kls and principles in the Charity SORP; make judgements and estimates that are reasonable and prudcnl- prepare the financial slalemenis on ihe going concern basis unless it is inappr()priat¢ lo presurne thal the charity will wnlinue in business. The Iruslees are responsibl¢ for keeping proper accountin8 records which disclose with reasonable accuracy al any time the financial px)Siiion of ihe charity and lo enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and R¢ports) Regulations 2008 and the provisions of the Irusl deed. They are also reswnsible for safeguarding the asseis of the charily and hence for tsking reasonable steps for th¢ pVentIOn and de1110n of fraud and oiher irregularilies. Approved by order of the knard of tnJsiee5 1)n 6 of January 2026 and signed on ils behalf by.. Sabbir Baiyal Trustee Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IADINA IIIOSQUE TRUST Opinion We have audited the financial statem¢nis of Madina Mosque Trust (the 'charily') for the year ended 31 March 2025 which comprise the Siaiett]cnt of Financial ActiN'ilies, the Balance Sheet and notcs to the financial staiements. including a summary of significant accounting policics. Tlie financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted AOUntIng Ptactice). Jn our opinion the financial statcments-. give a tNe and fair view of ihe stale of th¢ chariiy's affairs as al 31 March 2025 and of its incoming resources and applicalion of resour¢¢s. for the year then ended. have been properly prepared in acconlance with Uniied Kingdom Generally Acc¢pled Accounting Pra¢ti¢e,' and hav¢ been prepared in accordance with the requirements of th¢ Charities Act 2011. Basls for opinion We conducled our audit in accordancc with Inlemaiional Siandards on Audiling (UK) (ISAS {UK)) and applicable law. Our responsibililies under those siandards are fvrtherdescribed in the Auditors, responsibilities for the audit of the financial statements section of our rep)n. We are independeni of ihe charity in accordance with the eihical requirements thai are relevanl lo our audii of ihe financial statements in the UK. in¢luding the FRC'S Ethical Standard, and we have fulfilled our other ¢ihical responsibilities in accordance with tliese requirem¢nls. We believe that the audit evidence we have obiained is Su1¢ten1 and appropriaic to provide a basis for our opinion. Conclusions relatin% to going eonttrtt Ii) auditing the financial sltiicnients, we have concluded that the truslees, use of lh¢ going concern basis of accounling in Ihe preparation of the financial statements is appropriate. Based on the work we have perfornied, we havc not identified any material uncertainti¢s relaling to evenls or ondilions Ihal, individually or colleciively, may cast significant doubt on the charity's ability to ¢ontinue as a goin¥ coftcern for a period of at least Iwelve months from when ihe financial slalemenis are auihorised for issue. Our responsibilities and the responsibilities of th¢ Irusltts with respect to 80ing coft¢¢rn arc described in Ihe relevant sections of this rq)on. Other information Thc truste¢s are responsible for the other inforniation. The other inforniation comprises (he infonnation includ¢d in the Annual RerM)rt, other ihan the financial ststements and our Rq>ort of th¢ Jndependent Auditors thereon. Our opinion on the financial slalemenls does nol cover the other infomtIOn and, except lo the extent othenvise explicitly stated in our report, we do not ¢xpress any form of assurance conclusion ihereon. In connection with our audit of the financial statement4 our resExTrnsibility is to read the other inforniation and, in doing so, consider whether the other inforniation 15 materially inconsistent with the financial statements or our knowledge obtained in the audit orotherwise appea lo be materially misstated. If w¢ identify such material inconsistencics or apparent material misstal¢m¢nts. we are required lo deterniine wheiher tkn'5 gives rise to a material misstatemenl in the financial stalemenis themselves. If. based on the work we have perfornied, we conclude that there is a material misstatemenl of this othw infornlation. w¢ are required to report that fact. We have nothing to report in this regard. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IIIADINA IIIOSQUE TRtiST Matter5 on which we are required to report b) exception We have nothing to report in respeci of the followin¥ matters where ihc Charittes (Accounts and Rcports) Regulations 2(K)8 requires us io report to you if, in our opinion.. the infomiation given in the Report of the Trusiees is inconsistent in any malerial respe¢l with the financial siaietncnts- or suffi¢ieni accounting records have not been kept. or the financial statements arc not in agreemcnt with tbc accounting records and rerns- or we have not received all the inforniation and explanations we require for our audit. R¢spoDsibilitle5 of tru$tees As explained mor¢ fully in the Siaiement of TNslees' Responsibililies, the trustees are responsible for the preparation of the financial siaiements which give a true and fair view. and for such internal conlrol as the trustees determin¢ is necessary to enable thc preparaiion or rinan¢ial slatemenls that are free from material misstatemenl, whetlier due lo fraud or error. In preparing the financial Siatemenls, the Iru5tees arc rwnsible for assessing the charity's ability lo continue as a going concern, disclosin¥, as applicable. maitcrs related io going concern and using Ihe going concern basis of accounting unless the Iruslees either intend io liquidate the charity or 10 cease operations, or have no realistic alternative but to th) so. Our responsibilities for the #udit of the financlal statements We have bcen appointed as auditors under Section 144 of the Charities Act 2011 and rwrt in accordance with the Acl and relevani regulations made or havin&¥ effect ihcreund¢r. Our objectives are lo obiain reasonable assurance alK)ut wheihcr ihe financial siaiem¢nts as a whole are free from material missithtement. wheiher due lo fraud or error. and lo issue a Report of the Independent Audilors that includes our opinion. Reasonable assurance is a high level of assurdnce, bul is not a guaranlec ihat an audit conducted in a¢cordance with ISAS (UK) will always deieth a material misslalcmenl when il exist5. Misslatemenls can arise from fraud or error and are considered material if. individually or in the a¥¥rcgTale, they ¢ould reasonably be ¢xpecled to influence ihe economic decisions of users tsken on the basis of Ihese rinancial slaiements. The ¢xl¢nl lo which our procedures are capable of deteciing i¢suIarilIcS . including ftaud is detailed below. IegUlaritieS, including frdud, are instances of non-complian¢¢ with laws and re¥ulalions. We design procedure in line wilh our responsibilities. outlined above. to deteci mal¢rial mi5Statemenls in respect of irregularities, including fraud. We obtained understanding of the legal and regulatory framework appl)ble lo the entity and how it complies with framework by discussing with senior managemenl and checking ¢ompliance with the regulations. A further description of our responsibilities for the audit of ibe financial statements is l(*ated on Ihe Financial Reporling Council's website al www.frc.org.uklauditorsresponsibilitie5. This description fornis part of our Report of the Indendent Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IIIADINA MOSQUE TRUST Use of our report This repoll 15 made solely lo the charily's trnslees, as a body, in accordance with Part 4 of ihe Charities (Accounts and Reports) Re¥ulalions 2008. Our audit work has been undertaken so that we might state to the charity's trustees those malters we are requircd to stat¢ to them in an auditors, r¢w)rt and for no other putpose. To the fullest extent pern)itted by law. we do not accept or assume responsibility to anyone other than the charity and the ¢harily's trustees as a body. for our audit work. for ihis report, or for the opiThions we have forn)ed. Adil Divecha (Senior Statutory Auditor) For and on behalf of Ward Divecha Limited Chartered a¢¢ouniants & Statutory Auditors 29 Welbeck Sireel London WIG8DA Dale.. 0610112026 Page 8
MADINA IIIOSQUE TRUST STATEIIIEN'T OF FINANCIAL ACTII'ITIES FOR THE YEAR ENDED 31 IIIARCH 2025 31J.25 Total funds 31.3.24 Total funds Unrestricted Restrict nds fund Notes INCOlE AND ENDOWMENTS FROM Doiialions and legacies 101,998 101,998 109.503 Oihcr trading activities Invesimenl Income 101,411 196J87 101,411 196J87 102,989 152,094 Tot81 399,796 399.796 364,586 EXPENDITURE ON Raising funds Other trading activities Investment manag¥emenl Costs 4,615 15,473 4,615 15,473 3,282 20,088 20.088 3,282 ChArltAble #rtivities Adininislfdtion Charitable Activities 5,1)91 282.ISI 5,1)91 282,ISI 5,321 411.088 Total 307J311 307J30 419,691 NET INCOME I (Defieit) Other re¢ognised 2ainsl(losses) Gains on revaluation of fixed assets 92,466 92.466 (55.105) Net movement ltt funds 92,460 92,466 (55,1051 RECONCILIATION OF FUNDS Total funds brought fotivard 6J68,073 6J68,178 6.423,178 TOTAL FUNDS CARRIED FORWARD 460539 4(139 6.368.073 The notes fomi part of these financial statements Page 9
MADINA MOSQUE TRUST BALANCE SHEET 31 .MARCH 2025 31J.25 Totat funds 31.3.24 Total funds Unrestricted Restricted fimds fid Noies FIXED ASSETS Tangible a55¢ts Investm¢nt property 13 845984 14 5J80.iMII 845.984 5J80,1)iHI 848,032 5,380.000 2S984 6225,984 6.228.032 CURRENT AETs D¢btors Cash at bank 4nd in ha1 15 247,628 247.628 164,118 247,628 247.628 164.118 CREDrroRS Amounts falling due within one year 16 {13,073) (13.073) (24,077) NET CURRENT ASSETS 234J55 234.555 140,041 TOTAL ASSETS LESS CURRENT LIABILITIES .539 &460.539 6.368.073 NET ASSETS 460.539 6,460.539 6.368.073 FUNDS Unr¢$tricted 17 460J39 6,368.073 TOTAL FUNDS 6,460J39 6,368,073 The financial statements were approved by the Board of Tne$ Authorised for issue on o&J.?.1.12026 and wer¢ sI¢d on its behalf by. Sabbir Baiyat Tn]stee Adam Var¥hia TTUStee The notes fom part of these financial statements Page 10
IIqADINA11IOSQUE TRUST NOTES TO THE FIINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 iIIARCH 2025 ACCOUNTING POLICIES B$is of preparing the finaneiAI statements The financial slatem¢nls of ihe charity. which is a public benefit entity under FRS 102, have Ixen prepared in a¢¢ordance with the Charities SORP {FRS 102) 'Accounting and Rcporting by Chariiies.. Statemeni of Recommended Prdctice applicablc lo charities preparing thcir accounts in accordance with the Financial Reporting Siondard applicable in the UK and Republic of Ireland (FRS 1021 {etTeciive I January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and ihe Charities Act 2011. The financial statemenls have bccn prepared under the historical cost convention. as modified by Ihe revalualion of cenain assets. Income All income is recognised in the Siatement of Financial Aciivilies onc¢ the charity has entitlemenl lo the funds. it is prob8ble that the income will received and the amounl can be measured reliably. Expenditure Liabiliiies are recognised as expendiiure as soon as ihere is a legal or conslructive obligation commilting Ihe charity to that expendilure. it is probable Ihai a trnnsfer of economic benefits will be required in settlemenl and ihe amount of th¢ obligaiion can be measured reliably. Expenditure is accounied for on an accnthls basis and has been classificd under headings thai aggpregate all cost related lo the calegiory. Where costs cannot be directly aitribuled to particular headings they have been allocaled to a¢livilies on a basis consisteni wilh ihe of resources. Tngible fixed Issets Fixtures & Fillings are depreciated at 200/0 on reducing balance meth¢)d. No depreciation is Charged ork rreehold property as il is maintained lo a high Standard and lis markei value is higher than the book value. Invegtment propertles Investment propenies are shown at fair value valuation. Any aggregate surplus or deficit arising from ¢han8es in fair value are transferred lo ihe SOFA. T8ia¢ion The charity is exempt from tax on its ¢haritable activities. Fund accounting Unrestricted funds can bc used in accordance with the charitsble objKtivcs at the discretion of the tNstees. Restricted funds ¢an only be used for particular restricted purposes within the objects of the charily. Restrictions arise when specified by the donoror wben funds are raised for particular restric1 PUryKyses. Further explanation of the nature and purpos¢ of eacb fund 15 included in the notes to the financial statements. Pension costs and other post-retirewent benefits The charity operates a defined coniribulion pension Kheme. Contribulions payable to the charity's pension scheme are char8ed to the Statement of FInKIal Activities in Ihe period to which they late. Pagell ontinued...
IIIADINA MOSQUE TRUST NOTES TO THE FIN'ANCIAL STATEIIIENTS- contfftnued FOR THE YEAR ENDED 31 lARCH 2025 DONATIONS AND LEGACIES 31J.25 Total funds 31.3.24 Total funds Unrestrictol Restricted funds funds Donations Safe Collection Eid Collection Juma Collection Rainadan Colleciion 48.039 6J70 48,039 6J70 62.240 6,995 2,735 23,616 12.917 27.019 17,769 27.019 17.769 101,998 101,998 109,503 OTHER TRADING ACTIVITIES 31J.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Calender / Radio Sales Burial Fees Maddresa bees malage Fees Membership F 755 2J65 94.711 1.52 755 2J65 94,711 1520 2.OfA ,035 650 99,424 80 1,81XJ 102,989 INVESTMENT INCOME 31J.25 Total funds 31.3.24 Total nds Unrestrictal Restricted fvnds funds R¢nls receivable 196J 196J87 152,094 Page 12 continued...
MADINA lOSQuE TRUST NOTES TO THE FIYI ANCIAL STATENIENTS- continued FOR THE I'EAR ENDED 31 lARCH 2025 OTHER TRADIIYG ACTtVlTIES 31.3.25 Total funds 31.3.24 Total funds unrestrict Restricted funds funds Mosqu¢ B(K)ks 4,61S 4,615 3.282 INVESTMENT MANACEMENT COSTS 31J.25 Total funds 31.3.24 Total funds Unrestricted Restrictaj funds funds L£tting Agent Fee Repairs 9,183 9,183 6,290 15,473 15,473 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Adminislralioft Charitable Aclivities 5,091 5,091 282,151 282,151 282,151 5,091 287,242 SUPPORT COSTS Governance costs Finance Totals Athninistrdlion 4,280 5,091 AUDITORS, REMUNERATION 31J.25 31.3.24 Fees payable to the charity'5 auditors for the audit of th¢ charitys financial ststem¢nts 1,780 1.680 Page 13 continued...
MADINA NIOSQUE TRUST NOTES TO THE FIYAN'CI,IL STATEIENTs- continued FOR THE YEAR ENDED 31 IIIARCH 2025 10. TRUSTF.Tr:S' REMUNERATION AND BEIYEFITS There were no trusttts, remuneration or other benefits for thc year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There We no trnsiecs, expenses paid for ihe year ended 31 March 2025 nor for the year ended 31 March 2024. Key management per50DDel The key managemenl personnel is the board of iruslees and executive committee. STAFF COSTS JlJ.25 31.3.24 Wages and salaries Casual wages Social security costs Other pension costs 185J64 3,438 175,638 3,589 1,452 180.679 1.113 193,179 The averdge monihly number of employees during the year was as follows: 3iJ.25 31.3.22 Charitabl¢ Aclivilics No ¢mploy¢cs received emolumenls in excess of £60.(MM). 12. COMPAIL4TIVES FOR THE STATEMENT OF Tr INANCIAL AcfIviTIES Unrestricted Restricted funds Fund Total Fun(b INCOME AND ENDOWMENTS FROM Donalions and legacies 109,503 109,503 Other trading activities Investment in¢om¢ 102.989 152.094 102,989 152,094 Total 364,586 364.586 EXPENDITURE O R¥dising funds Other trading activities Invesiment management costs 3.282 3,282 3,282 3,282 Pa8¢ 14 continued...
IIIADINA IIIOSQUE TRUST NOTES TO THE FINAI%CI.4L STATENIEN'TS- continued FOR THE YEAR ENDED 31 IIARCH 2025 12. COMPARATIVES FOR THE STATF.fvIENT OF FINANCIAL ACTIVITIES- colltinued Unrestricted Restricted Total funds fund funds Choritable activities Adtninistralion Charilable Activili 5.321 411,088 5,321 411,088 Total 419.691 419,691 NET DEFICIT {55.105) (55,105) RECONCILIATIOIY OF FUNDS Total funds broughi forward 2.301.919 2,301.919 TOTAL FUNDS CARRILD FORWARD 2.246.814 2,246.814 13. TANGIBLE FIXED ASSETS Fixtures Freehold property fittings Tolals COST Ai l April 2024 Additions 837,792 I000 8S3,792 Ai 31 March 2025 837,792 I(mI0 853,792 DEPRECIATION At l April 2024 Charge for year 5,7 5,760 Al 31 March 2025 7,808 7,808 NET BOOK VALUE Ai 31 March 2025 837.792 8,192 845,984 At 31 March 2024 837.792 1024C 848,032 Page 15 continued...
IADINA IIIOSQUE TRUST NOTES TO THE FINANCIAL STATENIENTS- Continued FOR THE YEAR ENDED 31 IIIARCH 2025 14. INVESTMENT PROPERTY FAIR VALUE At l April 2024 5J80,000 Al 31 March 2025 5.380,000 NET BOOK VALUE At 31 Marlh 2025 SJ80,000 Ai 31 March 2024 5,038,000 Fair value al 31 March 2025 is represented by: Valuation in 2024 5J80,000 IS. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.25 31.3.24 Oiher debtors I& CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.25 31.3.24 Taxation and social security Other creditors 3,080 16,014 4,983 6,204 6,869 Trade Credilors 13,073 24,077 17. MOVEMENT IN FUNDS Nd movement in ndS At 3113125 At 114124 Unrestrlcted funds Unrestricted Funds Revaluation Reserve 234814 4.121259 92,466 2J39.280 4,121,259 6J68,073 92.466 4rf1,539 TOTAL FUNDS 6J68,073 92,466 6,460,539 Page 16 continu...
i¥IADINA lOSQuE TRUST NOTES TO THE FIIYAN'CI.AL STATEIIENTS- continued FOR THE YEAR ENDED 31 IIIARCH 2025 17. fvIOVEMENT IN FUNDS- continued Nel movement in fvnds. included in the aknve are as follows-. Incoming Resources resources expend1 Gains and Movement osses in funds Unrestrirted funds UnresiriLlcd Funds Revalualion Reserve 399,796 (307J30) 92,466 399,790 307J30) 92,466 TOTAL FUNDS 399,790 (307J30) 92,466 Comp•rative$ for movement in fund5 Net movement in fijnds Trdnsfers between funds Ai 3113124 At 114123 Unrestricted funds Unreslricled Funds Revaluation Reserve 2.301,919 4,121,259 (55,105) 2,246,814 4,121,259 6,423,178 (55,105) 6,368.073 Restricted funds Restricted Funds TOTAL FUNDS 6,423,178 {55,1051 6,368,073 Comparative net movement in funds. included in Ihe aiK*ve are as follows: Incoming Resources Gains and Movement resources expended losses in funds un%tried funds Unrestri¢t¢d Funds Revaluation Reserve 364,586 (419,691) (55.105) 364.586 (419,691) {55,105) TOTAL FUNDS 364.586 (419,691) (55,105) Page 17 continu...
IADINA hlOSQUE TRUST NOTES TO THE FIryANCIAL STATENIENTS- continued FOR THE YEAR EYDED 31 lARCH 2025 17. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined posilion is as follows: Net movemenl in funds Transf¢rs bdween funds Al 3113125 At 114123 Unrestrleted funds Unrestricied Funds Revaluation Rcserv¢ 2.301,919 4,121,259 37,361 2.339,280 4,121,259 TOI'AL FUNDS 6,423,178 37.361 6,460.539 A current year 12 months and prior yr 12 months combined nel movement in fids, included in the above are as follows.. Incoming Resources resources ¢xpended Gains and Movement losses in funds Unrestricted fund¥ Unr¢siriclLd Funds Revaluaiion Res¢rvc 764,382 (727,021) 37,361 TOTAL FUNDS 764.382 (727,021) 37,361 18. RELATED PARTY DISCLOSURES There were no rel91 party irdnsaclions for the year ended 31 March 2025 (Nil . 31 March 2024) Page 18
IIIADINA lOsQuE TRUST DETAILED STATENIENT OF FINANCIAL AcfIi'iTIES FOR THE YEAR ENDED 31 I¥IARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMF.NTS DonatlOD5 and legatles Donations Safc Collection Eid Collection Juma Collection Ramadan Collection 48,0.19 37 200 27,019 17,769 63.240 6.995 2,735 23,616 12,917 101,998 109,503 Other trading actli'itie5 Calendar l Radio Salcs Burial Fees Maddresa Fees Malage Fces Membership Fees 755 2J65 94,711 1,520 2,060 1.035 650 99.424 80 1,850 101.411 102.989 Investment income Rents receivable 196J87 152,094 Total lrtcoming resourees 399,7 364,586 EXPENDITURE Other tradlng aetlvlties Mosqu¢ Books 4,615 3,282 4,615 3.282 Investment management Costs Letting Agent Fee Repairs 9,183 15,473 Cbarltable activities Wages Social security Pensions Rates and waler Carried forward 185J64 3,064 lJ13 258 189,999 175.638 3.589 1,452 218 180,89? This page does not forni part of the statutory financial statements Page 19
I¥IADINA I¥IOSQUE TRUST DETAILED STATEryIENT OF FINANCIAL AcfiN'ITIES FOR THE YEAR ENDED 31 lARCH 2025 31.3.25 31.3.24 Charit*bl¢ activities Broubhi fon¥aid Casual wages In%urance Light and heal Telephone Postag¢ and stationery Rate Calendar Refreshment for kids Website Repairs & renewals Cleaning expenses Other legal and professional fees Annual Function Depreciation of tangible fixed asscls 189,999 3,438 3,532 20,509 800 309 373 900 7,216 .151 35,&37 1,529 9,800 S10 180.897 3,084 13,692 545 427 7(K) 5,173 644 192,266 1,339 5,070 4,731 2,560 282,151 411,088 Support eosts Fln8nee Bank charges 811 1.041 Governance ¢osts Auditors, remuneration Accountancy fees 1,780 2,500 1,680 2,6(M) 4380 4,280 Total resources expended 307J30 419,691 Net Income l (Deficit) 92,466 (55,105) This page does not fonn part of the statutory financia] statements Page 20