| Pages | |
|---|---|
| Trustees' Annual Report | |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 to 16 |
| Detailed Statement of Financial Activities | 17 to 19 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total funds | Total funds | ||
| 2023 | 2023 | 2022 | ||
| Notes | ||||
| Income and endowments | ||||
| from: | ||||
| Donations and legacies | 3 | 289,032 | 289,032 | 299,023 |
| Charitable activities | 4 | 922 | ||
| Othertrading activities | 5 | 14,502 | 14,502 | 10,981 |
| Investments | 6 | 49,868 | 49,868 | 49,075 |
| Other | 7 | 280 | 280 | 225 |
| Total | 353,682 | 3531682 | 360,226 | |
| Expenditure on: | ||||
| Charitable activities | 8 | 922 | ||
| Other | 9 | 295,428 | 295,428 | 289,899 |
| Total | 295,428 | 295,428 | 290,821 | |
| Net gains on investments | ||||
| Net income | 10 | 58254 | 58,254 | 69,405 |
| Transfers between funds | 13,563 | |||
| Net income before other | ||||
| gains/(losses) | 58,254 | 58,254 | 82,968 | |
| Other gains and losses | ||||
| Net movement in funds | 58,254 | 58,254 | 82,968 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | ||||
| Total funds carried forward | 3,133,388 |
| Charity No. 295836 | 2023 | 2022 | |
|---|---|---|---|
| Fixed assets | |||
| Tangible assets | 12 | ||
| Investments | 13 | 467,188 | 467,188 |
| 2,440,224 | 2,459,854 | ||
| Current assets | |||
| Stocks | 14 | 206 | 270 |
| Debtors | 15 | 3,962 | |
| Cash at bank and in hand | 765,481 | 699,799 | |
| 765,687 | 704,031 | ||
| Creditors: Amount falling duewithin oneyear | 16 | (30,023) | (26,251) |
| Net current assets | 735,664 | 677,780 | |
| Total assets less current liabilities | 3,137,634 | ||
| Creditors: Amountsfalling due after more than oneyear | 17 | (42,500) | (62,500) |
| Net assets excluding pension asset or liability | 3,133,388 | ||
| Total net assets | |||
| The funds of the charity | |||
| Restricted funds | 18 | ||
| Unrestricted funds | 18 | ||
| General funds | 3,075,134 | ||
| 3,075,134 | |||
| Reserves | 18 | ||
| Total funds | 3,133,388 | ||
| Approved by the trustees on 31 December2023 | |||
| And signed on their behalf by: | |||
| Yakub Cl,/'aCiC+(dam |
|||
| Mohmedhanif Vali | Yakub Patel |
| Fund accounting Unrestricted funds |
These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. |
|---|---|
| Designated funds | These are unrestricted funds earmarked by the trustees for particular purposes. |
| Revaluation funds | These are unrestricted funds which include a revaluationreserve representing the |
| restatement of investment assets at theirmarket values. | |
| Restricted funds | These are available for usesubject to restrictions imposed by the donor or through |
| terms of anappeal. | |
| Income |
| Income | |
|---|---|
| Recognition of | Income is included in the Statement of Financial Activities (SOFA) when the charity |
| income | becomes entitled to, and virtuallycertain to receive, the income and the amount of |
| the income can be measuredwith sufficient reliability. | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SOFA. |
| Donations and | Voluntary income received by way ofgrants, donations and gifts is included in the |
| legacies | the SOFAwhen receivable and onlywhen the Charity has unconditional entitlement |
| to the income. | |
| Tax reclaimson | Income from tax reclaims is included in the SOFA at the same time asthe |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with anequivalent amount in expenditure) |
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable and |
| material, | |
| Volunteer help | The value of any volunteer help received is not included in the accounts, |
| Investment income | This is included in the accounts when receivable. |
| Gains/(losses) on | This includesany gain or loss resulting from revaluing investments to market value |
| revaluation of fixed | at the end ofthe year. |
| assets | |
| Gains/(losses)on | This includesany gain or loss on the sale of investments. |
| investment assets |
| 2 | Statement ofFinancial Activities - prior year |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| 2022 | 2022 | 2022 | ||
| Income and endowments from: | ||||
| Donations and legacies | 299,023 | 299,023 | ||
| Charitable activities | 922 | 922 | ||
| Othertrading activities | 10,981 | 10,981 | ||
| Investments | 49,075 | |||
| Other | 225 | 225 | ||
| Total | 359,304 | 922 | 360,226 | |
| Expenditure on: | ||||
| Charitable activities | 922 | 922 | ||
| Other | 289,899 | 289,899 | ||
| Total | 289,899 | 922 | 290,821 | |
| Net | income | 69,405 | 69,405 | |
| Transfersbetween funds | 13,564 | 13,564 | ||
| Net | income before other | |||
| gains/(losses) | 82,969 | 82,969 | ||
| Other gains and losses: | ||||
| Net | movement in funds | 82,969 | 82,969 | |
| Reconciliation of funds: | ||||
| Totalfunds brought forward | ||||
| Total funds carried forward | 3,075,132 | |||
| 3 | Income from donations and legacies | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Donations and Gift Aid | 7 ,063 | 7 ,063 | 18,534 | |
| Friday and Lillah Collections | 88,460 | 88,460 | 87,569 | |
| Madrasa's Student Fees | 193,509 | 193,509 | 192,920 | |
| 289,032 | 289,032 | 299,023 | ||
| 4 | Income from charitable activities | |||
| Total | Total | |||
| 2023 | 2022 | |||
| E | ||||
| Donation Collected behalf of | ||||
| 922 | ||||
| Other Charities | ||||
| 922 |
| 5 | Income from other trading activities | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| ChildrenBookSales | 12,055 | 12,055 | 9,591 | |
| Masjid Radio's Receiver Sales | 2,447 | 2,447 | 11390 | |
| 14,502 | 14,502 | 10/981 | ||
| 6 | Income from investments | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Solar Energy Income | 2,159 | 2,159 | 2,840 | |
| Rental Income | 47,000 | 47 | 45,989 | |
| Bank Interest Receivable | 522 | 522 | ||
| Loyalty Reward | 187 | 187 | 246 | |
| 49,868 | 49,868 | 49,075 | ||
| 7 | Other income | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| CalendarSales | 280 | 280 | 225 | |
| 280 | 280 | 225 | ||
| 8 | Expenditure on charitable activities | |||
| Total | Total | |||
| 2023 | 2022 | |||
| Expenditure on charitable | ||||
| activities | ||||
| Donation Collected behalf of | 922 | |||
| Other Charities | ||||
| Governance costs | ||||
| 922 |
| 9 | Other expenditure | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| 2023 | 2022 | ||||
| Purchase of Book | 6,505 | 6,505 | 3,791 | ||
| Radio Licence Fees | 509 | 509 | 1,169 | ||
| Employeecosts | 208,042 | 208,042 | 190,131 | ||
| Premises costs | 40,557 | 40,557 | 24,345 | ||
| Amortisation, depreciation, | |||||
| impairment, profit/losson | 24,060 | 24,060 | 43,338 | ||
| disposal of fixed assets | |||||
| General administrative costs | 7,147 | 7,147 | 24,745 | ||
| Legal and professional costs | 8,608 | 8,608 | 2,380 | ||
| 295,428 | 295,428 | 289,899 | |||
| 10 | Net income before transfers | ||||
| 2023 | 2022 | ||||
| This is stated after charging: | |||||
| Depreciation of owned fixed assets | 24,060 | 43,338 | |||
| Independent Examiner's | fee | I ,440 | 1 ,440 |
||
| 11 | Staffcosts | ||||
| 2023 | 2022 | ||||
| Salaries and wages | 205,986 | 189,198 | |||
| Social security costs | 933 | ||||
| 205,986 | 190,131 | ||||
| No employee receivedemoluments in excess of €60,000, | |||||
| The average monthly number offull timeequivalent employeesduring the year | was as follows: | ||||
| 2023 | 2022 | ||||
| Number | Number | ||||
| Employed for Charitable | 35 | 28 | |||
| Activities | |||||
| 35 | 28 |
| Land and buildings |
Computer Equipment |
Fixtures and Fittings |
Total | ||
|---|---|---|---|---|---|
| Cost or revaluation | |||||
| At 1 January 2023 | 2,287,894 | 18,782 | 216,116 | ||
| Additions | 4,430 | 4,430 | |||
| At 31 December2023 | 2,287,894 | 23,212 | 216,116 | 2,527222 | |
| Depreciation and | |||||
| impairment | |||||
| At 1 January 2023 | 300,147 | 15,755 | 214,224 | 530,126 | |
| Depreciationcharge for the | 19,847 | 2,321 | 1 ,892 | 24,060 | |
| year | |||||
| At 31 December2023 | 319,994 | 18,076 | 216,116 | 554,186 | |
| Net book values | |||||
| At 31 December2023 | 1,967,900 | 5,136 | |||
| At 31 December2022 | 3,027 | 1 ,892 | |||
| 13 | Investments | ||||
| Freehold | |||||
| Investment | |||||
| Property | Total | ||||
| Cost or revaluation | |||||
| At 1 January2023 | 467,188 | 467,188 | |||
| At 31 December2023 | 467,188 | 467,188 | |||
| Net book values | |||||
| At 31 December 2023 | 467,188 | 467,188 | |||
| At 31 December2022 | 467,188 | 467,188 | |||
| 14 | Stocks | ||||
| 2023 | 2022 | ||||
| Finished goods | 206 | 270 | |||
| 206 | 270 | ||||
| Carrying value analysed by activities | 2023 | 2022 | |||
| ChildrenBookSales | 206 | 270 | |||
| 206 | 270 | ||||
| 15 | Debtors | ||||
| 2023 | 2022 | ||||
| Other debtors | 3,962 | ||||
| 3,962 |
| 16 | Creditors: | ||||
|---|---|---|---|---|---|
| amounts falling due within oneyear | |||||
| 2023 | 2022 | ||||
| Othertaxes and social security | 2,829 | 552 | |||
| Other creditors | 25,753 | 24,257 | |||
| Accruals | 1,441 | 1 ,442 |
|||
| 30,023 | 26,251 | ||||
| 17 | Creditors: | ||||
| amounts falling dueafter more than oneyear | |||||
| 2023 | 2022 | ||||
| Other loans | 42,500 | 62,500 | |||
| 42,500 | 62,500 | ||||
| 18 | Movement in funds | ||||
| Incoming | |||||
| resources | At 31 | ||||
| (including | Resources | December | |||
| other | expended | 2023 | |||
| At 1 January | gains/losses | ||||
| 2023 | |||||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 3,075,134 | 353,682 | (295,428) | 3,133,388 | |
| Total funds | 353,682 | (295,428) | 3,133,388 | ||
| 19 | Analysis of net assets between funds | ||||
| Unrestricted | |||||
| funds | Total | ||||
| Fixed assets | |||||
| Investments | 467,188 | 467,188 | |||
| Net current assets | 735,664 | 735,664 | |||
| Creditors due in more than one year and provisions |
(42,500) | (42,500) | |||
| 3,133,388 |
| Reconciliation of net debt | |||
|---|---|---|---|
| At 31 | |||
| At 1 January | December | ||
| 2023 | Cash flows | 2023 | |
| Cash and cash equivalents | 699,799 | 65,682 | 765,481 |
| 699,799 | 65,682 | 765,481 | |
| Borrowings | (62,500) | 20,000 | (42,500) |
| (62,500) | 20,000 | (42,500) | |
| Net debt | 637,299 | 85,682 | 722,981 |
| Unrestricted | |||
|---|---|---|---|
| funds | Total funds | Total funds | |
| 2023 | 2023 | 2022 | |
| Income and endowments from: | |||
| Donations and legacies | |||
| Donations and Gift Aid | 7,063 | 7,063 | 18,534 |
| Friday and Lillah Collections | 88,460 | 88,460 | 87 ,569 |
| Madrasa's Student Fees | 193,509 | 193,509 | 192,920 |
| 289,032 | 289,032 | 299,023 | |
| Charitable activities | |||
| Donation Collected behalf of | |||
| 922 | |||
| Other Charities | |||
| 922 | |||
| Other trading activities | |||
| ChildrenBookSales | 12,055 | 12,055 | 9,591 |
| Masjid Radio's Receiver Sales | 2,447 | 2,447 | 1 ,390 |
| 14,502 | 14,502 | 10,981 | |
| Investments | |||
| Solar Energy Income | 2,159 | 2,159 | 2,840 |
| Rental Income | 47,000 | 47,000 | 45,989 |
| Bank Interest Receivable | 522 | 522 | |
| Loyalty Reward | 187 | 187 | 246 |
| 49,868 | 49,868 | 49,075 | |
| Other | |||
| CalendarSales | 280 | 280 | 225 |
| 280 | 280 | 225 | |
| Total income and endowments | 353,682 | 353,682 | 360,226 |
| Expenditure on: | |||
| Charitable activities | |||
| Donation Collected behalf of | |||
| 922 | |||
| Other Charities | |||
| 922 | |||
| Total of expenditure on charitable | 922 | ||
| activities | |||
| Otherexpenditure | |||
| Purchase of Book | 6,505 | 6,505 | 3,791 |
| Radio Licence Fees | 509 | 509 | 1,169 |
| 7,014 | 7,014 | 4,960 | |
| Employee costs | |||
| Salaries/wages | 205,986 | 205,986 | 189,198 |
| Employer's NIC | 933 | ||
| Temporary staff | 2,056 | 2,056 |
| Markaz-Ud-Dawat-WaI Irshad Detailed Statement of FinancialActivities |
|||
|---|---|---|---|
| 208,042 | 208,042 | 190,131 | |
| Premises costs | |||
| Rates | 213 | 213 | 152 |
| Light, heat and power | 18,727 | 18,727 | 14,417 |
| Premises repairs and maintenance |
20,995 | 20,995 | 8,990 |
| Other premises costs | 622 | 622 | 786 |
| 40,557 | 40,557 | 24,345 | |
| General administrative costs, | |||
| including depreciation and | |||
| amortisation | |||
| Depreciation of land and buildings |
19,847 | 19,847 | 19,847 |
| Depreciation of Computer Equipment |
2,321 | 2,321 | 1 ,879 |
| Depreciation of Fixtures and | 1 ,892 | 1 ,892 | 21 ,612 |
| Fittings | |||
| Bank charges | 946 | 946 | 1,198 |
| General insurances | 4,209 | 4,209 | 5,732 |
| Postage and couriers | 183 | 183 | 150 |
| Software, IT support and related | 230 | 230 | 505 |
| costs | |||
| Subscriptions | 1,154 | 1,154 | 1,118 |
| Sundry expenses | 15,411 | ||
| Telephone, fax and broadband | 425 | 425 | 631 |
| 31 ,207 | 31207 | 68/083 | |
| Legal and professional costs | |||
| Audit/lndependent examination | |||
| fees | 11440 | 11440 | |
| Consultancyfees | 2,000 | 21000 | |
| Other legal and professional | 5,168 | 5,168 | 940 |
| costs | |||
| 8,608 | 8,608 | 2,380 | |
| Total of expenditure of other costs | 295,428 | 295,428 | 289,899 |
| Total expenditure | 295,428 | 295,428 | 290,821 |
| Net gains on investments | |||
| Net income | 58,254 | 58,254 | 69,405 |
| Transfers between funds | 13,564 | ||
| Net income before other | |||
| gains/(losses) | 58,254 | 58254 | 82,969 |
| Other Gains | |||
| Net movement in funds | 58,254 | 58,254 | 82,969 |
| Markaz-Ud-Dawat-Wal Irshad | ||
|---|---|---|
| Detailed Statement of FinancialActivities | ||
| Reconciliation offunds: | ||
| Totalfunds brought forward | 3,075,134 | 2,992,166 |
| Total funds carried forward |