## **AL-MUNTAZIR TRUST UK** ## **TRUSTEES' REPORT** ## **AND** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED** **31 MARCH 2024** **Registered Charity No. 292496** ## **AL-MUNTAZIR TRUST UK** ## **TRUSTEES' REPORT** ## **AND** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED** **31 MARCH 2024** ## **CONTENTS** |**Trust Information**|**1**| |---|---| |**Trustees' Report**|**2-4**| |**Statements of Trustees' Responsibilities**|**5**| |**Independent Examiner's Report**|**6**| |**Statement of Financial Activities**|**7**| |**Balance Sheet**|**8**| |**Accounting Conventions and Accounting Policies**|**10**| |**Notes to the Financial Statements**|**11-12**| ## **AL-MUNTAZIR TRUST UK** ## **YEAR ENDED 31 MARCH 2024** ## **TRUST INFORMATION** COMMUNITY ESTABLISHED: 1984 LEGAL STATUS: CHARITABLE TRUST TRUST DEED EXECUTED: 1 MAY 1985 TRUST REGISTERED: 16 SEPTEMBER 1985 REGISTERED NUMBER: 292496 (ENGLAND & WALES) HMRC REGISTRATION NUMBER: ZD03346 TRUSTEES: PARVEZ ANWAR ZAFFAR ALI SHEIKH MOHAMMAD RAZA SHEIKH MEHDI RAZA MOHAMMAD MEHDI ZULFIQAR ALI SAQAB HUSSAIN OFFICIAL CORRESPONDENT: ZAFFAR ALI PRINCIPAL ESTABLISHMENT: 102 SHERBORNE STREET CHEETHAM HILL MANCHESTER M8 8ND WEBSITE: www.almuntazir.co.uk BANKERS: LLOYDS/TSB PLC KING STREET MANCHESTER M2 INDEPENDENT EXAMINER: DEVSHI CHOTHANI CHARTERED ACCOUNTANT c/o DBF ASSOCIATES LTD SOUTH CHEETHAM BUSINESS CENTRE 10 PARK PLACE MANCHESTER M4 4EY 1 ## **AL-MUNTAZIR TRUST UK** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024** ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing Document The organisation is a charitable trust established on 1 May 1985 by means of deed of settlement. That deed was formally registered with the Charity Commission on 16 September 1985. ## Trustees The original trust deed appointed six trustees, of whom three are still serving. Since that date the trustees, using the powers they have under the deed, have appointed a further four trustees from the membership of the community. All seven trustees are listed on page 1. They do not serve for fixed terms. ## Organisational Structure The day-to-day management of the trust lies in the hands of the seven trustees referred to above, who meet on a regular basis to carry out the requisite managerial tasks. ## Risk Management The trustees have conducted a review of the major risks to which the charity is exposed and have taken appropriate steps to mitigate those risks. ## OBJECTIVES AND ACTIVITIES ## Objectives: The trust's objectives as laid down in the trust deed referred to above are as follows:- - The furtherance of the Islamic religion in accordance specifically with the doctrine of the Shia Ithna Asheri Jafari faith - The provision of accommodation and teaching and such other facilities in connection therewith for Muslim students as the trustees in their discretion consider appropriate. - The acquisition, maintenance and organisation of institutions for Islamic religious teaching and the provision of such libraries and facilities as the trustees consider appropriate to cater mainly for Islamic religious books and works, including their translation, printing and distribution. - The provision of financial assistance wherever possible to such religious institutions. 2 ## **AL-MUNTAZIR TRUST UK** ## **TRUSTEES' REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024** ## Activities The trust's activities included the provision of prayer facilities each Friday and on the various religious festivals and the provision of a community centre to serve as a focal point for the community in the North West of England. Since the community first came together in 1984, these activities had been provided on an ad-hoc basis. This situation changed completely in November 2006, with the opening of the longplanned Mosque and Community Centre in Sherwood Street in Manchester. This represented the culmination of twenty-two years of dedicated fundraising by members of the community. The new facility has been well used ever since its opening. ## FINANCIAL REVIEW ## General Review The charity achieved a surplus of £47,203 in the year which represented an decrease of £215,497 against the surplus achieved in 2023. The charity is fortunate that it is still supported by key members who continue to support and develop the Community Centre and the works of the trust. ## Exceptional Item The trustees have to report that the extension to the Community Centre has been challenged by the Manchester City Council on planning permission grounds. The trustees are confident that this decision will be overturned in the trusts favourm, and accordingly no provision has been made for this. ## Reserves Policy The trust now has free reserves of £198,491 (£1,422,154 Unrestricted Funds less £1,223,663 Net Fixed Assets). This represents over 2 years cover for the current level for unrestricted expenditure. The agreed target level of cover is twelve months unrestricted expenditure. ## FUTURE PLANS The trustees plan to make even greater use of the Community Centre for the benefit of all members of the community subjct to any government restrictions, arising out of the pandemic. In addition, the trustees have plans to improve and extend the existing facility, having begun work in 2011/22 at a likely total cost of £2.5m, subject to further funds becoming available, subject to the outcome of the issue referred to above. The situation will be monitored carefully and reported on each year. The trustees are still investigating the possibility of converting the trust into a charitable incorporated organisation (C.I.O) under the Charities Act 2011. 3 ## **AL-MUNTAZIR TRUST UK FOR THE YEAR ENDED 31 MARCH 2024** RESPONSIBILITIES OF THE TRUSTEES AND OF THE INDEPENDENT EXAMINER ## Responsibilities of the Trustees These are detailed on page 5. ## Responsibilities of the Independent Examiner These are detailed on page 6. ## TRUSTEES' DECLARATION In accordance with charity law, as trustees, we certify that:- - So far as we are aware, there is no relevant financial information of which the trust's independent examiner is unaware. - We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant financial information and to establish that the trust's independent examiner is aware of that information. ## INDEPENDENT EXAMINER Devshi Chothani, Chartered Accountant was first appointed as an independent examiner of the trust in 2007. He has expressed his willingness to continue in that capacity. Approval of Report: This report has been prepared in accordance with the Charities SORP (FRS 102 - Update Bulletin 2 issued in October 2018 and the Charities Act 2011. It was approved by the trustees on 23rd September 2024 and is signed on their behalf by:- ……………………………………………Trustee ………………………………..Trustee 4 ## **AL-MUNTAZIR TRUST UK** ## **YEAR ENDED 31 MARCH 2024** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** Charity law requires the trustees of the charity to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:- - select suitable accounting policies and apply them consistently - make judgements and estimates that are reasonable and prudent - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements - prepare the financial statements on a going-concern basis The trustees are responsible also for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and to enable it to ensure that the financial statements comply with charity law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In respect of the independent examination the trustees have a responsibility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to esablish that the independent examiner is aware of that information. 5 ## **AL-MUNTAZIR TRUST UK** ## **Independent Examiner's Report to the Trustees on the Financial Statements** ## **I, Devshi Chothani, report on the Financial Statements of the charity for the year ended 31 March 2023 as set out on pages 7 & 8 together with the notes on pages 9-12.** ## **Respective responsibilities of the Trustees and the Examiner** The charity's trustees are responsible for the preparation of the Financial Statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility as the Independent Examiner: - a) to examine the Financial Statements under section 145 of the Charities Act; - b) to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; - c) to state whether particular matters have come to my attention. ## **Basis of the Independent Examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. My examination includes a review of the accounting records kept by the charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that woul be required for an audit and consequently no opinion is given as to whether the Financial Statements present a "true and fair" view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's statement** In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect: the accounting records were not kept in accordance with sectin 130 of the Charities Act; or the Financial Statements did not accord with the accounting records; or - the Financial Statements did not comply with the applicable requirements concerning the form and content of Financial Statements set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the Financial Statements give a "true and fair" view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ……………………………………………………. DEVSHI CHOTHANI Date 23 September 2024 Chartered Accountant 10 Park Place Manchester M4 4EY 6 ## **AL - MUNTAZIR TRUST UK** ## **STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023** |Notes
INCOMING RESOURCES FROM:
Charitable Activities
Other Sources
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED ON:
Raising Funds
4
Charitable Activities
5
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES
FUNDS BROUGHT FORWARD
FUNDS CARRIED FORWARD
|2024
2023
£
£
-
-
116,403
336,171
116,403
336,171
0
218
69,200
73,252
69,200
73,470
47,203
262,700
1,354,390
1,091,690
1,401,593
1,354,390
UNRESTRICTED FUNDS| |---|---| 7 **----- Start of picture text -----**
AL - MUNTAZIR TRUST UK
BALANCE SHEET
AS AT 31 MARCH 2023
Notes 2024 2023
£ £ £ £
FIXED ASSETS
Tangible Fixed Assets 7 1,223,663 1,207,038
CURRENT ASSETS
Cash at Bank 186,431 155,853
Expenses Prepaid 1,780 1,780
188,211 157,633
CURRENT LIABILITIES
Charges Accrued 10,280 10,280
NET CURRENT ASSETS 177,931 147,353
TOTAL ASSETS 1,401,594 1,354,391
TOTAL FUNDS
Unrestricted Funds 1,401,594 1,354,391
**----- End of picture text -----**
Approved by the trustees on 23rd September 2024 and signed on their behalf by:- …………………………………….Trustee ………………………………..Trustee 8 ## **AL-MUNTAZIR TRUST UK** ## **Notes forming part of the Financial Statements for the Year Ended 31 March 2024** ## 1 **Accounting Conventions** ## 1.1 BASIS OF PREPARATION The Financial Statements have been prepared under the historical cost convention, and in accordance with the harities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charities SORP (FRS 102) - Update Bulletin 2 issued in October 2018. ## 1.2 GOING CONCERN CONCEPT The Financial Statements have been compiled on the assumption that the charity will be a going concern for at least twelve months after the date of this report. ## 1.3 SOFA MINOR MODIFICATION The trustees have opted to modify the SOFA slightly by grouping all incoming resources, other than those derived from Charitable Acitivites, under the generic heading "Other Sources" in order to avoid any potential confusion that could arise from the use of the heading "Donations and Legacies". ## 2 **Accounting Policies** ## 2.1 INCOME All incoming resources are included in the Statement of Financial Activities when the charity is deemed to be entitled to the income and the amount can be quantified with reasonable accuracy. ## 2.2 EXPENDITURE ## a) Resources Expended All expenditure is accounted for on an accruals basis. ## b) Governance Costs All compliance costs in respect of the constitutional and statutory requirements under the Charities Act 2011 are charged under this sub-heading. 9 ## **AL-MUNTAZIR TRUST UK** ## **Notes forming part of the Financial Statements for the Year Ended 31 March 2024** ## **Accounting policies continued** - 2.3 ASSETS ## a) Tangible Fixed Assets All expenditure on fixed assets of £1,000 or above is capitalised. b) Depreciation is provided on all of the above tangible fixed assets, with the exception of Freehold Land, at rates calculated to write off the cost of each asset over its estimated useful life (10 years in the cases of Portakabins and Fixtures & Fittings and 50 years in the case of the freehold building). ## 2.4 CASH FLOW The charity has taken advantage of the exemption available in Financial Reporting Standard 1 not to prepare a cash flow statement on the grounds that it is a small charitable trust. ## 2.5 FUNDS In each case where the donor lays down a specific purpose for the donation made to the charity, that donation is treated as a Restricted Fund and is accounted for separately. All other income forms part of the charity's Unrestricted Funds. Frome time to time, the Trustees may deem some of the Unrestricted Funds to be Designated Funds where the purpose of such funds either has been clearly specified by them. Currently, the charity does not have any Restricted Funds or any Designated Funds. 10 ## **AL-MUNTAZIR TRUST UK** ## **Notes to the Financial Statements continued** **----- Start of picture text -----**
2024 2023
£ £
3 Incoming Resources from Other Sources
Donations 116,403 336,171
4 Resources Expended on Fundraising
Subscription to fundraising website 0 218
5 Resources Expended on Charitable Activities
The costs shown under this heading are all aspects of the costs operating the
Community Centre for a full year together with depreciation on the freehold
building, the portakabins and the fixtures and fittings and any governance costs.
£ £
5.1 Educational Activities Costs
Tutorial/seminar fees 26,634 34,220
26,634 34,220
5.2 Establishment Support Costs
Insurance 0 2,963
Repairs & Maintainance 1,266 0
Gas, water and electricity 4,878 16,418
6,144 19,381
5.3 Administrative Suport Costs
Legal & Professional 16,997 1,118
Bank Charges 5 6
-
Travelling 3,780
-
Sundry Expenses 4,670
Telephone 594 592
22,266 5,496
5.4 Governance Costs
Independent Examiner's Fee 780 780
Sub total 5.1 to 5.4 55,825 59,876
5.5 Depreciation
Freehold building 9,867 9,867
Portakabins 1,450 1,450
Fixtures and Fittings 2,059 2,059
13,375 13,376
OVERALL TOTAL 69,200 73,252
**----- End of picture text -----**
11 ## **AL-MUNTAZIR TRUST** ## **Notes to the Financial Statements continued** **----- Start of picture text -----**
|||| |---|---|---| |6|Net (Outgoing)/incoming Resources| |2024|2023| |£|£| |The net incoming resources of|47,203|262,700| |were after charging depreciation of|13,375|13,375| **----- End of picture text -----**
## 7 **Tangible Fixed Assets** **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |Freehold|Freehold|Development|Fixtures &| |Land|Building|Costs|Portakabins|Fittings|Total| |COST| |at 1/4/2023|128,989|493,333|726,801|14,500|20,588|1,384,211| |Additions in Year|-|-|30,000|-|-|30,000| |at 31/03/2024|128,989|493,333|756,801|14,500|20,588|1,414,211| |DEPRECIATION| |at 1/4/2023|0|157,872|0|7,250|12,051|177,173| |Charge in year|0|9,867|0|1,450|2,059|13,375| |at 31/3/2024|0|167,739|0|8,700|14,110|190,548| |NET BOOK VALUE| |at 31/3/2024|128,989|325,594|756801|5,800|6,478|1,223,663| |at 31/3/2023|128,989|335,461|726,801|7,250|8,537|1,207,038| **----- End of picture text -----**
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