Charlty r¢gbtr•tlon numb•r2912641England and Walesl ACTON MUSLIM WELFARE ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ACTON MUSLIM WELFARE ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAmanatAIi MrA G Farquhar Mr Syed Mumtaz Hu$sain Charlty number {England Ind Walesl 291264 Prlnclpal address 2-5 Oldham Terrace Acton London Unrted Kingd¢yn 36LS Ind•p•nd•nl *xamln•r Redty Siddiqui LLP 18>189 The Vale Acton London United Kirydom IKJ 7RW
ACTON MUSLIM WELFARE ASSOCIATION CONTENTS Page Trustees report Independpnt examiner's report ststemenl of financial activities Balance sheet Notes lo the financid Slalements 6-13
ACTON MUSLIM WELFARE ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual rePt and financial stslemenls for the year ended 31 March 2024. The financial stslemenls have been prep8red in aCCordare wlh the accounting polioes sel oui in note 1 to the financial statements and compty with the charity's constitution, the Charilies Act 2011 and "Accounting and R8porting by Charities". Stslemenl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Finanaal Reports"ng Standard apICable in the UK and Republi¢ of Ireland IFRS 1021. leffective 1 January 20191. Oblectlves and actfvitles The principal activity of the charity during the year eonlinued to be that of.. The advancement of the Muslim religion. The advancement of education in accordarKe wlh the tenets arKI doctrine ofIam. The relief of such Muslims who are po and needy. To advance any olhef charitable purpose for the benefrt of Muslims in Adon. Publk beneflt The Trustees have paid due regard lo guidance Issuéd by the Charty Commis in dgcKling what activities the harily should undertake. Achlov•ments and rfOrmanc0 Sunilicanl oclivilies and a¢hVementS ag8insl otyectlves During the year, rnosque activities romained very strong vAlh the provision of five daily prayers, 74day$ a week leaching IMadr8sahl ser¥ice$. $i$l¢f$' dasses for youth of A¢ton and launching of a Zakat dlslribulion programme with the NZF towards the back erKI of Ihe year. Total uniestricted income from donations fell slighlty lo £176.488 from £207.699 in the prior year because of smaller lurnp sum donations. Electronic donatsons contsnued their grovth. doubling in the year to ieprèsenl approximately 45VD of 811 donations. Bucket donations have remained broadly flat over the medium-lerm h1510ry whilst all the growth has corne from electronic mean$. We maintained a strong control on costs which algo fell from £200,262 10 £170,896 through the period. allown9 a nel surplus 01 £5.592. Our restricted activities focused on supporting the poor and needy around the world. allowed us lo remrt £89.326 wh'ch goes lo show the genèrosity of all the attendees of the mosque and serves as a reminder that Ihe community is so keen lo help others less fortunate and gives us this great trust lo distribute their ntribub.0n$ wisety. dosed wth a slight Increase in our cash balances of £126,835. Flnanclal rovlew During the year the charty conkn'nued lo receive donations v+hich wll be used to fund its aclivilie8. Reservos pollcy 11 is the policy of the charty that unrestricted funds which have not been designated for a specrfie use Should be maintained at a level equivalent lo between Ihree and six month's expenditure. The Trustees consider that reserves al this level will ensuro that. in the event of a significant drop in funding. they wll be able lo continue the charity'5 current activities while consideration is given lo ways vthich additsonal funds may be raised. This level of reserves has been maintained throughout the year. Major rtsks The Trustees have a5se5sed the major fisks to which the charity 1$ exposed. and are satisfied that systems are in place lo mitigate expU[e lo the major Fisks. structure, governance and managenwnt The Trustees who ser¥ed during the year and up lo the dale of SnaiV of the financial statement5 were.. MrAmanal Ali MrA G Farquhar Mr Syed Mumtaz Hus5ain
ACTON MUSLIM WELFARE ASSOCIATION TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The company's current policy eoneemlng the payment of trade credrtors is lo follN the CBI'S Prompt Payers Code Icopies are available from the CBI. Centre Point. 103 New Oxford Street, LorOn WC1A 1 DUI. The company's current policy conceming the payment of Irade creditors is to.. settle the term5 of payment with suppliers when agreeing the leims of each transaction.. ensure that supplieis ale made aware of the terms ol payment by indusion of the relevant terms in conlracls., and pay in accordance with the company's contractual and other be9 obligations. The Tfuslees report was approved by the Board of Truslges. MrAG Trust•• arqu ar 9 January 2025
ACTON MUSLIM WELFARE ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACTON MUSLIM WELFARE ASSOCIATION I report lo the Trustees on my examInatn of the financial statements of Acton Muslim Welfare Association Ilhe ch8rty} for the year ended 31 March 2024. Responslbllltles and basls ol report As the Trustees of the charity you are responsible for the prepaiation of the financial statements in a¢cordan¢e with the requirernents of the Charities Act 2011. I report in respect of my eXaminatn of the charity's financial slalemenls earTied out under section 145 of the Charities Act 2011. In earrying out my examination I have lollfywed the Directions given by the Charity Commission under section 145lSllbl of the Chafrties Act 2011. Independènt examlnerfs statem•nl Since the charity's gross income exceeded £250,000. Ihe independent examiner musl be a m•mr of a body listed in section 145 of the Charities Aet 2011. 1 confirm th* l am qualified to undertake the examinatyon because l am a membor of ICAEW. which is one ol the listed bodies. I have completed my examination. I confirm that matter$ havg come lo my attèntion in conng¢lion with the examination giving me Cause lo believe Ihal In any malefial resped.. accounting records were not kept in respect ol the charity as required by seclion 130 of the Charitiès Act 2011. the financial slalemenls do not accord wlh those records". or the financial slalemenls do not comply wth the ap•Cae requiremenls con¢eming the form and wnlent of finanaal statements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any rèquirement that the financial slalements give a true and fair vw. Ithich is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters in connection the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. R•ddy Sld Iqul LLP 183-189 The Vale Acton London W3 7RW United Kingdom 9 January 2025
ACTON MUSLIM WELFARE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrl¢ted Restrfcted funds funds 2024 2024 Total Unre$lrfcted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from.. Donations and lega¢i¢y 176,488 101.264 277,752 207.699 62.974 270,673 Total Incom• 176,488 101,264 277.752 207.699 62,974 270.873 Expendlturn on.. Charitable activrties 170,896 89.326 260.222 200.262 73.235 273,497 Total •xp•ndltstro 170,896 89.328 260,222 200,262 73,235 273,497 N•t Incomell•xp•ndltur•l •nd mov•ment In funds 5.592 11,938 17.530 7,437 110,2611 12,8241 Recon¢lllatlon of funds: Fund balances al l April 2023 2,096.526 9,402 2,105.928 2.089.089 19,663 2,108,752 Fund bal•nc•• *t 31 March 2024 2,102,118 21,340 2,123,458 2,096,526 9,402 2,105,928 Tho slalemènl of financlal ath'vities includes al g&ns and108ses recognise(l in the year. AJI income and expendrture derive from continuing aclivrties.
ACTON MUSLIM WELFARE ASSOCIATION BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notss FIx8d assets Tangible assets 1,989,015 2.011,756 Current assets Debtors Cash al bank in hand 10 10,000 126,836 103,767 136.836 103,767 Credltor5'. amounts falllng due wlthln one year 11 {2,3931 {9,5951 N•t curr•nt ass•ts 134,443 94,172 Total ass•ts less current Ilabllltles 2.123.458 2,105,928 Th• lunds ol the ch•rlty Reslricled income lunds Unreslricl8d funds 13 14 21,340 2.102,118 9,402 2,096,528 2,123,458 2,105,928 The financial slalements were approved by tho Trustees on 9 January 2025 IL r A G Farquhar Trust•• Mr Syed Y Trus¢o• taz Hussain
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Informatlon Acton Muslim tIfareA$sO¢18l1Oft is an nIOrporated associaliM. 1.1 Accountlng convontlon The financial slalements have been prepared in accordance the chafity's goveming document, the Charits'es Act 2011, FRS 102 The Finanual Repon9 Standard applicable In the UK and Republic of Ireland" and the Charilies SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable 19 charth'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelantl IFRS 1021- The charity is a Public Benefit Enlily as defined by FRS 102. The chartty has taken advanta9e of tho provisions in the SORP for charities nol lo prepare a slalemenl ol cash flows. The financi81 statements have departed from the Charities IAccounl$ orKI Reports} Regulations 2008 only to the extent required lo PfQVKle a true and fair view. This departure has involved followng the Slalemenl of Recommended Practice for charities apYIng FRS 102 rather than the version of the Stalemenl ol Recommended Pracb'ce which Is referred lo in the Regulalions but 1¢h has since been wthdrawn. The financial statements are prepared in sterting. which is the funth'onal currency of the charity. Monetsry amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention, Imodified to include the rgvalualion of freehdd properties and to include investment properties and certain financial instruments al fair valuel. The Principal accounting poliues a(lopted are set out belch¥. 1.2 Golng con¢•rn Al the time of approving the finanugl stslements. Ihe Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable futuré. Thus the Trustees onbnue lo adopt the going concofn bags of accounliNJ in preparing the financial slalemenls. 1.3 Charltable funds Unreslncled funds are availab for use al the discreti1 of the Trustoes in furtherance of their charrtable oblectsves. Restricted funds are subject lo specthc conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslncted funds are set out in the notes to the financi81 slalements. Endowment funds are subject lo Conditions by donors that the capital must b6 maintained by the charty. 1.4 Incomè Ine¢)me is cogniSed when the chawity is legally enlrtled to r( after any perfofmance conditsons have b8en mel, the amounts can be measured reliabty. and il is probable that income will be received. Cash donations are recogni5ed on receipl. Other donations a¥e reco9nised once the charity has been nolrfied of the donation, unless perl(¥man ¢ondrtions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of eovenant is recognis8d at the time of the donation. Legaaes are recognised on receipt or othepwise rf the charity has been notified of an impendirvJ dislribulion, the amount is known. and receipt is expected. If the amnt is not knovm, the kgacy is treated as a cgntsngent asset.
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢l•$ (Continuedl 1.5 Expendltur• Liabilrties are recognised *then resowces are experKled. Al expendilure is accounted fo¥ on an accruals basis and has been classified undef headings that aggregate all costs reIed lo the category. Govemance costs include those costs associated with meeting the conslituli(mal and ststulory requirements of the charity and indude its audit fees and costs linked to the Strategic management of the charity induding Iruslee expenses. 1.6 Tanglble flxed assets Tangible fixe<l assets are inib.ally measured al cosl and subsequentty measured at ¢o$l or valuation, nel of depreciation and any impairment losses. Depre¢ialton is recognised $0 as lo write off the cosl or valuabon of assets less thair residual values over their useful lives on the following bases". Land and buildings Fixtures, fittings & equipment Computers Motor vehicles Dome Ilnduded in Fixture$, fittings & equipment) 60% of the valvg over 100 years 15% reducing balance 15% reducing b8lancè 20% redun9 balance Straight Line over 4 years The gain or Ioss arising orb the disposal of an asset is deterrnird as the diffwence between the sale procegd$ and the carrying value of the asset, and is renised in the statement oi financial actIv.e8. 1.7 Imp•lmient of fIX assets At each reporting end dale, the charrty reviews the carrying amounts of rts tangible asse1$ lo determine whether there 1$ any indication that those assels have suffered an impaimenl loss. If any such indicallon exists, the recoverable amount of the asset is estsmated in order lo delemine the extent of the impairment los$ lif any). 1.8 Cash and ¢a$h equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investment5 Wth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown thin borrowrbgs in Current Ilats'le5. 1.9 Flnanclal In$lrum•nts The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils fjnanaal instruments. Financial instruments are recognised in the chanty's balan sheet wthen thg charty becomes party lo thè contractual provisions of the instrument. Financial assets and liabilities are offset. Wbth the net am¢)unts presented in the finwKial statements, when the is a legally enforceable nght to set off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and Sett Ihe liability simthneou51y. Basle financial assets Basi¢ financial assets, which include deblors and cash and bank balances. are initially measured at transaction prlce induding transaction costs and are subsequently carrd at amortised cost using the effective interest method unless the arrangement Consblutes a finanang transaction. where the transaction is measured al the present value of the fvlure receipts discounted al a market rate of interest. Financial assets classified a5 receivable within one year are not amthsed.
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poli¢l•s (Continued) Basic financial liabiTlities Basic financial Ii8LN"lilies. Including creditors and bank loans are initialty recognised al transaction price unless the arrangement con6lilules a finawng transaction. where the debt instrument is measured al the present value of the future payments discountgd al a market rate of interest. FIrtanal liabilities classified as payable thin one year are not amortised. Debt instruments are subsequenlty caffied ai amortised cost. using the effective intero$t rate method. Trade creditors a obligations lo pay for goods or services that have been acquired in the ordinary course of opefations Irom suppliers. Amounts payable are dassthed as cuirenl liabilities if paymerbt 1$ due within one year or less. If not, lttey are presented as non-currenl liabilrties. Trade creditors are rogniSed initially at tran¥action price and subsequenlty measured al amortised cost using the effecb've intergst meth¢xl. DerKognllion of flnanclal Ilabilitl•s Financial liabilities are defeco9nised i•h)en the chafrty's contractual obligats'ons expire or ore discharged or ancelled. 1.10 Employ•• b•ngfl The cost 01 any unused holiday entittemonl is recognised in the period in vthich the employee'$ 8orvic95 are received. Termination benefils are recognised immediately as an expense when the charity is dgmonslrably committed lo lerminale the emoyment of an employefj or lo pro¥e lem)ination beneffts. 1.11 R•tlr•m•nt beneflts Payments lo defined Contrul10n retirement bernfit schemes are charged as an expenso a$ thèy fall du8. Crltl¢•l accountSng •8tlm*t•6 and Judg•m•nts In the applicats'on of the charity's accounting pol•5, the Trustees are required to make judgements, eslimales and assumptions about the Carrying amount ol assets and liaknlilies th81 are not re8dily apparent from other $our¢es. The eslimales and assoualed assumptions are based on hisloiical experience and other f8Ctors that are considered lo be relevant. Actual results may differ from these eslimales. The eslimales and Under'n9 assumptions are reviewed on an ongoing basis. Revisions lo acwunting eslimales are recognised in the perio¢J in which the estimate is revised wthere the revision affeds only that period, or in thè period of the revison and future periods where the revision affects both current and future periods. Donatlons and l•gacles Unrestrl¢l•d Restrlcted funds funds Total 2024 Total 2023 Donations and gifts Funeral donatr'on 176.488 94,144 7,120 270.632 7,120 250,855 19.818 For the year ended 31 March 2023 207.899 62.974 270,673
ACTON MUSLIM WELFARE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
4 Expenditure on charitable activities
| Support | Funeral | Madrasa | Madrasa | Total | Support | Funeral | Madrasa | Madrasa | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Costs | Costs | ||||||||||||||
| 2024 | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | 2023 | ||||||||
| £ | £ | £ | £ | £ | £ | £ | £ | ||||||||
| Direct costs | |||||||||||||||
| Staff costs | 96,596 | - | - | 96,596 | 92,688 | - | - | 92,688 | |||||||
| Depreciation and impairment | 22,741 | - | - | 22,741 | 29,291 | - | - | 29,291 | |||||||
| Charitable expenditure | 83,321 | 3,100 | 2,905 | 89,326 | 69,805 | 2,930 | 500 | 73,235 | |||||||
| 202,658 | 3,100 | 2,905 | 208,663 | 191,784 | 2,930 | 500 | 195,214 | ||||||||
| Share of support and governance costs (see note 5) | |||||||||||||||
| Support | 50,131 | - | - | 50,131 | 76,855 | - | - | 76,855 | |||||||
| Governance | 1,428 | - | - | 1,428 | 1,428 | - | - | 1,428 | |||||||
| 254,217 | 3,100 | 2,905 | 260,222 | 270,067 | 2,930 | 500 | 273,497 | ||||||||
| Analysis by fund | |||||||||||||||
| Unrestricted funds | 170,896 | - | - | 170,896 | 200,262 | - | - | 200,262 | |||||||
| Restricted funds | 83,321 | 3,100 | 2,905 | 89,326 | 69,805 | 2,930 | 500 | 73,235 | |||||||
| 254,217 | 3,100 | 2,905 | 260,222 | 270,067 | 2,930 | 500 | 273,497 |
- 9 -
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Gov¢rnance Costs osts 2024 2023 Basls of allocatlon Other stafl costs 50,131 50,131 76,855 Accountancy 1,428 1,428 1.428 Governance 50.131 1,428 51.559 78,283 Analysed between Charitable activities 50.131 1,428 51.559 78,283 Truste•• None of the Trustees lor any persons connected V*ilh them) received wy remurwation or benefi1$ from tho charity during th• year. Employ• The averag8 monthly number of employees dn9 the year w8$.. 2024 Numb•r 2023 Numbfrr Employment costs 2024 2023 Wages and salaries Social securty costs Other pgnsion costs 93,023 1.802 1.771 88,071 2,985 1.632 96.596 92.688 There were no employees whose annual reMUneralft was m¢ye than £60,000. Taxatlon The charity is exempt from tax on rts dritable actitIes. 10-
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Analysls of net ass•ts b•lw••n funds Unre$trkt•d Restrlcted fvnds funds 2024 2024 Total Unrestricted funds 2023 Restricled funds 2023 Total 2024 2023 Fund balances at 31 March 2024 are Tepresenled by.. Tangible assets Current asselsl{liabililie81 1.989,015 134,443 1,989.015 2.011,756 134,443 84,770 2,011,758 94,172 9,402 2,123.458 2.123,4S8 2,096,526 9,402 2.105,928 16 Rèlated party transactlon8 During the yoar. Mr Aizul Haque received a total 01 £5.000 from zakat funds Ithich were dislTit*Jled lo the poor and needy. Mr Amanal Ali received a lolal of £5.000 from zakal funds for thè Rehmal Trust for the distribution lo the poor and needy. Sadat Tfu$l in which Mf Syed Mumtaz Hussain is a Trustee received £5,000 from zakat funds for the distribution to the poor and needy. MT M S Khan. Genefal Seuelary, received £5,000 from zakat di$lributson to the poor and negty. 13-
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets Land and bld1[S Flxturts. CompT$ ffttlhy5 4 équipmerrt Motor ¥•hkl•¥ Total Cost Al 1 April 2023 2.067.531 138.473 5,677 25.220 2,236,901 Al 31 March 2024 2.067.531 138.473 5,677 25,220 2,238.901 Dèpre¢latlon and Impalrn)gTht Al 1 April 2023 Depreciation charged in the year 123.303 12.405 79,894 8,787 21,088 826 225,145 22,741 723 Al 31 March 2024 135,708 88.681 1.583 21,914 247,886 Carrylng amount Al 31 March 2024 1,931,823 49.792 4,094 3.3C6 1,989,015 Al 31 March 2023 1.944.228 58,579 4,817 4,132 2,011.756 10 Deblors 2024 2023 Amount• falllng due wlthln one y•r: Other debtor8 10.000 11 Credltors: amounts llllng due K¥lthln one y•*r 2024 2023 Olhfjr laxatson and social securty Accruals and delerred income 1,673 720 8,875 720 2,393 9,595 12 R8tlrement nefIt schemes 2024 2023 Defined contrlbutlon $¢h¢m•s Charge lo profft or loss in respect of defined cothbulion sthemes 1,771 1,632 The charity OFer8tes a defined contribuli(m penon scheme for all qualifying employees. The assets of the scheme are held separately trom those of the charity in an independently administered fund. 11
ACTON MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Re$trl¢ted funds The restricted funds of the charity comprise the unexpended balances of d)nations and grants held trust subject lo specific conditions by don(ys a$ lo how they may be used. At 1 Aprll 2023 Incomlng Resourc95 At 31 March IOuT¢o$ •xpended 2024 9,402 101.264 {89,326) 21,340 PrnvSous y••r: At 1 Aprll 2022 Incomlng R•$ourc•s At 31 March r•sources •¥p•nded 2023 19,663 62.974 173,2351 9,402 14 Unr•strlct•d funds The unrestricted funds of the chanty comprise the unexpended balance5 of donations and grants which arg not subject to specific conditions by donors and grantors as lo how they may be usgd. Thèse includo designated funds which have been set aside ¢wt of unresth'cted funds by the Iw$tees for SFe¢rfic purposes. At 1 Aprll 2023 Incomlng R•sourc•s At 31 March r¢sour¢ès •xp•ndod 2024 General lund$ 2,096,526 176,488 {170,8961 2,102.118 Prnvlous y•ar: At 1 Aprll 2022 Incomlng R•$ource8 At 31 March rgsourc•s •xp•nded 2023 General funds 2.089,089 207,699 1200.2621 2,096,526 12-