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||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|
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|||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||
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|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||
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|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|
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|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|
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|||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|||
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