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$sain Charlty number {England Ind Walesl 291264 Prlnclpal address 2-5 Oldham Terrace Acton London Unrted Kingd¢yn 36LS Ind•p•nd•nl *xamln•r Redty Siddiqui LLP 18>189 The Vale Acton London United Kirydom IKJ 7RW ACTON MUSLIM WELFARE ASSOCIATION CONTENTS Page Trustees report Independpnt examiner's report ststemenl of financial activities Balance sheet Notes lo the financid Slalements 6-13 ACTON MUSLIM WELFARE ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual reP￿t and financial stslemenls for the year ended 31 March 2024. The financial stslemenls have been prep8red in aCCordar￿e wlh the accounting polioes sel oui in note 1 to the financial statements and compty with the charity's constitution, the Charilies Act 2011 and "Accounting and R8porting by Charities". Stslemenl of Recommended Practice applicable lo charilies preparing their accounts in accordance with the Finanaal Reports"ng Standard ap￿ICable in the UK and Republi¢ of Ireland IFRS 1021. leffective 1 January 20191. Oblectlves and actfvitles The principal activity of the charity during the year eonlinued to be that of.. The advancement of the Muslim religion. The advancement of education in accordarKe wlh the tenets arKI doctrine ofI￿am. The relief of such Muslims who are po￿ and needy. To advance any olhef charitable purpose for the benefrt of Muslims in Adon. Publk beneflt The Trustees have paid due regard lo guidance Issuéd by the Charty Commis￿￿ in dgcKling what activities the harily should undertake. Achlov•ments and ￿rfOrmanc0 Sunilicanl oclivilies and a¢h￿VementS ag8insl otyectlves During the year, rnosque activities romained very strong vAlh the provision of five daily prayers, 74day$ 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 exp￿U[e lo the major Fisks. structure, governance and managenwnt The Trustees who ser¥ed during the year and up lo the dale of S￿naiV￿ 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, Lor￿On 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 examInat￿n 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 eXaminat￿n 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•m￿r 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￿•Ca￿e 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 ￿nI￿Orporated 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 Repo￿n9 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 ap￿YIng 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 am￿nt 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 re￿Ied 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