OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

Markaz-Ud-Dawat-Wal Irshad

Charity No. 295836

Trustees' Report and Unaudited Accounts

31 December 2024

Markaz-Ud-Dawat-Wal Irshad Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

Markaz-Ud-Dawat-Wal Irshad Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 295836

Principal Office

177-179 Plashet Grove East Ham London E6 1BX

Trustees

The following trustees served during the year:

ABDULLAH PATEL Mohmedhanif Vali Nizamuddin Patel Noormohammed Polli Yakub Patel

Key Management Personnel

Mr M H Vali - Chairman Mr Abdullah Patel - Secretary Mr Yakub Patel - Treasurer Mr Nizammudin Patel Mr Noormohammed Suleman Polli

Accountants

TAXCA Accountants Ltd 353 High Street North Manor Park London E12 6PQ

OBJECTIVES AND ACTIVITIES

Markaz Ud Dawat Wal Irshad was established in 14 December 1986 as a place of worship specifically to meet the needs of Muslim community in and around the London Borough of Newham. The main purpose is for the advancement and promotion of the Islamic Faith.

The main activities that take place are the five times prayers which are the core practices of the Islamic Faith. Furthermore, facilities are given to speakers for the promotion of Islamic values. Programmes are held on a monthly basis. Marriage services are also provided in line with Islamic Principles.

An advanced programme is promoted in the specific Islamic month of Ramadan which includes food facilities for breaking of the fast and late-night extended payers.

Ladies programmes are also facilitated when required to meet the demands that arise at specific times.

The services in place already are:

Page 2

Markaz-Ud-Dawat-Wal Irshad

Trustees Annual Report

Evening and Weekend classes for children between 4 to 5 and 16 years 7 days a week (Madrassa)

FINANCIAL REVIEW

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The trust average monthly spending was £25,603.00 month during year ended 31st December 2023. This had increased due to additional staff required to cater for a greater demand and additional repair and maintenance works.

The trustees consider that the ideal level of reserves would cover six months spending which is approximately £153,621.00. The charity's free reserves at 31st December 2024 are in excess of that. The trustees consider the trust is in a healthy position. The local community continue to support the trust objectives. The trustees therefore consider that the trust to be a going concern.

PLANS FOR FUTURE PERIODS

The trust also promotes further facilities to public by looking out for any specific needs. Future intentions include the followings;

include the following: Health Checks for the age group 25 - 40 Counselling services for broken homes Lectures from Police to young teenagers’ Basic education for healthy living

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, as deed of trust and constitutes an unincorporated.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Mohmedhanif Vali Trustee

31 December 2024

Yakub Patel Trustee 31 December 2024

Page 3

Markaz-Ud-Dawat-Wal Irshad Independent Examiners Report

Independent Examiner's Report to the trustees of Markaz-Ud-Dawat-Wal Irshad

I report to the trustees on my examination of the financial statements of Markaz-Ud-Dawat-Wal Irshad for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants (ACCA).

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and 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 financial statements to be reached.

Mohsin Usmangani Patel Association of Chartered Certified Accountants (ACCA) TAXCA Accountants Ltd

353 High Street North Manor Park

London E12 6PQ 31 December 2024

Page 4

Markaz-Ud-Dawat-Wal Irshad Statement of Financial Activities

for the year ended 31 December 2024

----- Start of picture text -----
Unrestricted
funds Total funds Total funds
2024 2024 2023
Notes £ £ £
Income and endowments
from:
Donations and legacies 3 284,612 284,612 289,032
----- End of picture text -----

Other trading activities
4
Investments
5
Other
6
Total
Expenditure on:
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 26,544 26,544 14,502
46,571 46,571 49,868
300 300 280
358,027 358,027 353,682
307,243 307,243 295,428
307,243 307,243 295,428
- - -
50,784 50,784 58,254
- - -
50,784 50,784 58,254
50,784 50,784 58,254
3,133,388 3,133,388 3,075,134
3,184,172 3,184,172 3,133,388

Page 5

Markaz-Ud-Dawat-Wal Irshad Balance Sheet

at 31 December 2024

Charity No. 295836
Fixed assets
Tangible assets
10
Investments
11
Current assets
Stocks
12
Cash at bank and in hand
Creditors:Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
14
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
15
Unrestricted funds
15
General funds
Reserves
15
Total funds		 2024
£
1,950,868
467,188
2,418,056
206
819,913
820,119
(11,503)
808,616
3,226,672
(42,500)
3,184,172
3,184,172
3,184,172
3,184,172
3,184,172		 2023
£
1,973,036
467,188
2,440,224
206
765,481
765,687
(30,023)
735,664
3,175,888
(42,500)
3,133,388
3,133,388
3,133,388
3,133,388
3,133,388

Approved by the trustees on 31 December 2024

And signed on their behalf by:

Mohmedhanif Vali Trustee 31 December 2024

Yakub Patel Trustee 31 December 2024

Page 6

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

for the year ended 31 December 2024

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

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 revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with 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 of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent 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 includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Freehold property 1% Straight Line
Leasehold property 10% Straight Line
Computer Equipment 10% Straight Line
Fixtures and Fittings 10% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 8

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Markaz-Ud-Dawat-Wal Irshad

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other trading activities
Investments
Other
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations and Gift Aid
Friday and Lillah Collections
Madrasa's Student Fees
Nikah Fees
4
Income from other trading activities
Children Book Sales
Masjid Radio's Receiver Sales		 Unrestricted
£
2,434
90,993
190,985
200
284,612
Unrestricted
£
25,429
1,115
26,544		 Unrestricte
d funds
2023
£
289,032
14,502
49,868
280
353,682
295,428
295,428
58,254
58,254
58,254
3,075,134
3,133,388
Total
2024
£
2,434
90,993
190,985
200
284,612
Total
2024
£
25,429
1,115
26,544		 Total funds
2023
£
289,032
14,502
49,868
280
353,682
295,428
295,428
58,254
58,254
58,254
3,075,134
3,133,388
Total
2023
£
7,063
88,460
193,509
-
289,032
Total
2023
£
12,055
2,447
14,502

Page 10

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

5 Income from investments

Solar Energy Income
Rental Income
Bank Interest Receivable
Loyalty Reward
6
Other income
Calendar Sales
7
Other expenditure
Purchase of Book
Radio Licence Fees
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
511
45,220
647
193
46,571
Unrestricted
£
300
300		 Total
2024
£
511
45,220
647
193
46,571
Total
2024
£
300
300		 Total
2023
£
2,159
47,000
522
187
49,868
Total
2023
£
280
280
Unrestricted
£
6,973
370
251,684
11,691
22,168
10,414
3,943
307,243
2024
£
22,168		 Total
2024
£
6,973
370
251,684
11,691
22,168
10,414
3,943
307,243		 Total
2023
£
6,505
509
208,042
40,557
24,060
7,147
8,608
295,428
2023
£
24,060

Page 11

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

Markaz-Ud-Dawat-Wal Irshad
Notes to the Accounts
9
Staff costs
Salaries and wages
Social security costs
No employee received emoluments in excess of £60,000.		 2024
246,075
2,485
248,560		 2023
205,986
-
205,986

The average monthly number of full time equivalent employees during the year was as follows:

Employed for Charitable
Activities
10 Tangible fixed assets
Cost or revaluation
At 1 January 2024
At 31 December 2024
Depreciation and
impairment
At 1 January 2024
Depreciation charge for the
year
At 31 December 2024
Net book values
At 31 December 2024
At 31 December 2023
11 Investments
Cost or revaluation
At 1 January 2024
At 31 December 2024
Net book values
At 31 December 2024
At 31 December 2023		 Land and
buildings
£
2,287,894
2,287,894
319,994
19,847
339,841
1,948,053
1,967,900		 2024
Number
39
39		 Fixtures and
Fittings
£
216,116
216,116
216,116
-
216,116
-
-
Freehold
Investment
Property
£
467,188
467,188
467,188
467,188		 2023
Number
35
35
Total
£
2,527,222
Computer
Equipment
£
23,212
23,212
18,076
2,321
20,397
2,815
5,136
2,527,222
554,186
22,168
576,354
1,950,868
1,973,036
Total
£
467,188
467,188
467,188
467,188

Page 12

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

12 Stocks

Finished goods
Carrying value analysed by activities
Children Book Sales
13 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals
14 Creditors:
amounts falling due after more than one year
Other loans
15 Movement in funds
At 1 January
2024
Restricted funds:
Unrestricted funds:
General funds
3,133,388
Total funds
3,133,388
16 Analysis of net assets between funds
Fixed assets
Investments
Net current assets
Creditors due in more than one year and
provisions		 2024
£
206
206
2024
£
206
206
2024
£
3,530
7,973		 2023
£
206
206
2023
£
206
206
2023
£
2,829
25,753
- 1,441
11,503
2024
£
42,500
42,500
Incoming
resources
(including
other
gains/losses)
£
358,027
358,027		 Resources
expended
£
(307,243)
(307,243)
Unrestricte
d funds
£
1,950,868		 30,023
2023
£
42,500
42,500
At 31
December
2024
£
3,184,172
3,184,172
Total
£
1,950,868
Investments 467,188 467,188
Net current assets
Creditors due in more than one year and
provisions		 808,616
(42,500)
3,184,172		 808,616
(42,500)
3,184,172

Page 13

Markaz-Ud-Dawat-Wal Irshad Notes to the Accounts

17 Reconciliation of net debt

17 Reconciliation of net debt
Cash and cash equivalents
Borrowings
Net debt		 At 1 January
2024
£		 Cash flows
£		 At 31
December
2024
£
765,481 54,432 819,913
765,481
(42,500)		 54,432 819,913
(42,500)
-
(42,500)
722,981		 -
54,432		 (42,500)
777,413

Page 14

Markaz-Ud-Dawat-Wal Irshad Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from:
Donations and legacies
Donations and Gift Aid
Friday and Lillah Collections
Madrasa's Student Fees
Nikah Fees
Other trading activities
Children Book Sales
Masjid Radio's Receiver Sales
Investments
Solar Energy Income
Rental Income
Bank Interest Receivable
Loyalty Reward
Other
Calendar Sales
Total income and endowments
Expenditure on:
Other expenditure
Purchase of Book
Radio Licence Fees
Employee costs
Salaries/wages
Employer's NIC
Temporary staff
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance
Other premises costs		 Unrestricted
funds
2024
£
2,434
90,993
190,985
200
284,612
25,429
1,115
26,544
511
45,220
647
193
46,571
300
300
358,027
6,973
370
7,343
246,075
2,485
3,124
251,684
-
9,586
1,594
511
11,691		 Total funds
2024
£
2,434
90,993
190,985
200		 Total funds
2023
£
7,063
88,460
193,509
-
284,612 289,032
25,429
1,115		 12,055
2,447
26,544 14,502
511
45,220
647
193		 2,159
47,000
522
187
46,571 49,868
300 280
300 280
358,027
6,973
370		 353,682
6,505
509
7,343 7,014
246,075
2,485
3,124		 205,986
-
2,056
251,684 208,042
-
9,586
1,594
511		 213
18,727
20,995
622
11,691 40,557

Page 15

Markaz-Ud-Dawat-Wal Irshad Detailed Statement of Financial Activities

General administrative costs,

including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Computer
Equipment
Depreciation of Fixtures and
Fittings
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 19,847
2,321
-
969
5,069
220
525
3,062
569
32,582
-
-
3,943
3,943
307,243
307,243
-
50,784
50,784
-
50,784		 19,847
2,321
-
969
5,069
220
525
3,062
569		 19,847
2,321
1,892
946
4,209
183
230
1,154
425
32,582 31,207
-
-
3,943		 1,440
2,000
5,168
3,943 8,608
307,243 295,428
307,243
-		 295,428
-
50,784 58,254
50,784
-		 58,254
-
50,784 58,254
3,133,388 3,075,134
3,133,388
3,184,172 3,184,172 3,133,388

Page 16

WORKIRO SIGNATURE CERTIFICATE Document Name Markaz Ud Dawat Wal Irshad Financial statement for the Y.E . Creator Muhammad Taha Imuhammad@taxca.co.uk> 07 August 2025 10:05:36 UTC d67s19be-f3bb4aa84)6ab￿Clo83f6aa6C Date Identifier Signers valimh@hotmail.co.uk E-mail valimh@hotmail.co.uk 11 August 2025 14:09:50 UTC Signed IP address 85.255.236.140 Mohmedhanif Vali E-mail pgmasjld@yahoo.co.uk 11 August 2025 14:17:44 UTC Signed IP address 85.255.236.140 Mohsin Patel E-mail mohsin@taxca.co.uk 16 August 2025 15:50:58 UTC Signed IP address 148.252.157.142