## **Rugby Mosque Society Charity No 503021** **2024 ANNUAL REPORT** ## **RUGBY MOSQUE SOCIETY Charity Registration Number 503021 EXECUTIVE COMMITTEE REPORT** The executive committee presents their annual report together with the Society's accounts for the year to 31st March 2024.The officers of the executive committee ,who are also the trustees, from the beginning of the accounting period to date are as follows:- Mr Sakhawat Hussain _Chairman_ Mr Stephen Thompson _Secretary_ Mr Shahid Mirza _Treasurer_ Dr Yousri El Sayed _Head of Madrassa_ (Retired 31 March 2024) Dr Tariq Yunus Dr Khalid Sherlala Mr Jamil Nawaz (Resigned 31 March 2024) Mr Babar Shahzada Dr Ohidul Alam None of the executive committee members are remunerated or paid any expenses. All the executive committee members meet three or four times every year to review and make major decisions. The day -to-day running of the Society's activities are delegated to the Chairman, Secretary and Treasurer for general administration, and to Mr Y El Sayed for the classes. The executive committee is elected every two years. When new persons are appointed as trustees they are made aware of their responsibilities as per the Charity Commission's website / guidance. The Society's trustee election process ensures that new trustees have the capability and capacity to appreciate and accept their new responsibilities ## **Principal Address** Rugby Mosque Grosvenor Road Rugby. Warwickshire. CV21 3LE ## **Bankers** HSBC Bank Plc 15, Church Street Rugby. Warwickshire ## **Accountants - Independent Examiner** Mr Akbar Dedat Crystal Business Services Limited - Chartered Accountants 264, Stoney Stanton Road Coventry ## **Governing Document** The charity is governed by the Society's constitution dated 13th January 1974. 1 Chari istration Number 503021 EXECUTIVE COMMrrTEE REPORT Objectlves The Society is established for the advancement of the Islamic rel•gion amongst the inhabitants of the municipal ky)rough of Rugby. In order to fulfil this obJectNe the Society manages a fflosque arKI runs Islamic educational dasses at it's principal address. The executive committee is mindful of the Charity Commission's general guidance on public benefit and believe that the activiiies of the Soc•ety do provid8 public benefit. Achlevemonts Durlng The Yearl Flnan¢lal Revlew For the year to 31 March 2024 income exceeded expendiiure by £8.547. The key highlights are: - An appeal to aid those suffering in Palestine raised and distributed £23.207 during the year - The donaled propety generated £12.000 of rental inccffne for the second consecutive year - Income from classes continued to be insufficient to cover salaries & expenses (see Note 5). the Head of MadTassa retiring a decision was taken to cease the provision of classes in the short tem - Salary expenditure of £10,400 was for the pnwision of online teathing services Educatlonal semlnars of £4.900 were delivered In full during Ramadan - The irL8tatlation of smart meters has enabled Gas & Electricity costs to be kept under control - Travdling expenses of £3.640 for the two Friday prayers continued to be paid - Repair and maintenance costs of £370 were low as no significant woiects were required in the year At thè end of th8 financral year the Society had unrestricted funds balance of £538,237 and restricted funds of £ Nil. The net liquid funds at 31st March 2024 were £102.842 vthich the executive committee deem to be sufficient to meet the overall societvs running costs in tha short-tenn. Policies on Grant-maklng and Investments The Society does not make any granis lo any individual. The￿ are no specific investments since the funds in ￿ current bank accounl are utilised to meet the daY-t(￿daY operating axpenses. Risk Management The executive committee regularly review the major risks that the Society might face and appropriate systerns and prctedures have b8en eslablished to manage these risks. Responslbillties of Executlve Committee The Executive Committee is required under the constitution of the charity, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Ihe charity arKI of its resulis for that period. In preparing these financial statements ts executive ccwnmitiee is wuired io." (a) select suitable accounting polioes and appty them Cl￿sIStentI￿. (b) maka judgements and estimates that are reasonable and prudenl: c ) prepare Ihe financial statements on a goingwconcem basis unless il is inappropriate to assume that the harity will continue in business. The executive committee is resFonsible for keeping proper accounting records that disdose wilh reasonable accuracy at any time. the financial posill￿ of the charity. They are also responsible for safeguarding the assets of th8 charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. Approval This re￿rt was approved by the executive committee on 20th January 2025 and slgned on its behalf. fvl& S HUssn}￿ C CilrtlQrffvJ) MR s IMiiz4 CIRGqSUIÉR INDEPENDENT EXAMINER'S REPORT TO THE EXECUTIVE COMMirrEE OF RUGBY MOS UE SOCIETY. I report on the Rugby Mosque Society accounts for the year to 31 st March 2024 set out on pages 4 to 8. Respective Responsibilities of Commlttee and Examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Chari￿s accounts carried out under section 145 of the 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 Examine￿$ Statement I have completed my examination. I 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.. 1. accounting records were not kept in respect of the charity as required by section 130 of the Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements Con￿rning the fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no COn￿mS and have c(yne across 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. 20th January 2025 MrAKBAR DEDAT Chartered Accountant CRYSTAL BUSINESS SERVICES LTD Chartered Accountants Coventry ## **RUGBY MOSQUE SOCIETY STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 31st MARCH 2024** |**RUGBY MOSQUE SOCIETY**
**STATEMENT OF FINANCIAL ACTIVITY**
**YEAR ENDED 31st MARCH 2024**|||||| |---|---|---|---|---|---| |||**Rest-**|**Unrest-**|**Total**|**Total**| |||**ricted**|**ricted**|**Funds**|**Funds**| |||**Funds**|**Funds**|**2024**|**2023**| ||**Notes**|**£**|**£**|**£**|**£**| |**INCOMING RESOURCES**|||||| |**_Voluntary Income:_**|||||| |Donations and collections|1||21,021|21,021|23,509| |Charitable Appeals||23,207|-|23,207|-| |Rental Income|||12,000|12,000|12,000| |**Total Incoming Resources**||23,207|33,021|56,228|35,509| |**RESOURCES EXPENDED**|||||| |**_Charitable Activities_**|||||| |Charitable Donations||23,207|-|23,207|-| |Salaries|2||10,400|10,400|10,200| |Subscriptions|||215|215|205| |Gas and electricity|||1,659|1,659|2,148| |Water|||167|167|95| |Telephone|||716|716|625| |Insurance|||1,697|1,697|1,516| |Repair and maintenance|||370|370|250| |Computer equipment and licences|||390|390|375| |Educational seminars|||4,900|4,900|4,125| |Investment property costs|||50|50|-| |Travelling expenses|||3,640|3,640|4,095| |Bank charges|||120|120|169| |Miscellaneous expenses|||150|150|-| |**Total Resources Expended**||23,207|24,474|47,681|23,803| |**Net Incoming Resources**||-|**8,547**|**8,547**|**11,706**| |**Fund Balances at 1st April 2023**||-|529,690|529,690|517,984| |**Total Funds Carried/Forward**||-|**538,237**|**538,237**|**529,690**| _ALL OF THE ACTIVITIES ARE CONTINUING ALL OF THE FUNDS ARE UNRESTRICTED_ 4 RUGBY MOS UE SOCIETY alance Sheet As At 31st March 2024 2024 FIXED ASSETS Not•s TanglW FreelKAd Property Inveslmenl- Freehobj Propety 135.0(K) 435.(KX) 135.( 435.(MXI RR NT ASS Debtors & Prepa￿Tnents Cash arKI Bank Balances 102.842 104.837 96.078 CREDThORS: Amounts Fallln Wlthln One Year Accrued Charges Tenancy Deposit Du• T14 2.274 TOTAL ASSEfs LESS CURRENT LIA81UTIES 538.237 s29.6￿1 529 690 rosented B Funds Account Unrestricted Funds 538.237 529,69) Approv8d by the e￿ul￿? committee on 20th January 2025 S trlussllifrJ Ccrtfiilfflw) S MirtzA (TowL￿6￿) ## **RUGBY MOSQUE SOCIETY Notes To The Financial Statements For The Year Ended 31st March 2024** ## **1. Summary of significant accounting policies** ## **(a) General information and basis of preparation** Rugby Mosque is a charity registered in England. The nature of the charity’s operations and principal activities are set out in the trustees' report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a ‘true and fair’ view and have not departed from the Charities (Accounts and Reports) Regulations 2008 in order to provide a ‘true and fair view’. There charity is defined as small and, therefore, no cash flow statement is required. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include the freehold properties at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **(b) Funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. ## **(c) Income recognition** All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). ## **(d) Expenditure recognition** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Expenditure on charitable activities, and other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. ## **(e) Tangible fixed assets** Tangible fixed assets are stated at cost (or valuation) less accumulated depreciation and accumulated impairment losses. Smaller fixed assets are written off as and when incurred. 6 ## **RUGBY MOSQUE SOCIETY Notes To The Financial Statements For The Year Ended 31st March 2024** ## **(f) Valuation** The charity's fixed asset properties are stated at the trustees' valuation. ## **(g) Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **(h) Provisions** Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. ## **(j) Tax** The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. ## **(k) Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. ## **2. Salaries** No remuneration was paid to the executive committee for their committee duties. During the year there were two part-time employees. The analysis is as follows:- Salaries £ 10,400 ## **3. Freehold Properties** The functional property is stated at the executive committee's valuation of £300,000, The investment property was donated to the charity in February 2021 and the property was valued at £135,000. The charity continues to receive rents from the investment property. ## **4. Cash at bank and in hand** |||**2024**|**2023**| |---|---|---|---| |HSBC Bank - Mosque account||59,257|42,652| |HSBC Bank - Property appeal account||42,895|42,835| |Cash in hand - Mosque||690|642| |Cash in hand - Classes||0|9,949| ||£|102,842|96,078| 7 **RUGBY MOSQUE SOCIETY** ## **Notes To The Financial Statements For The Year Ended 31st March 2024** ## **5. Classes Accounts** The charity continued to keep account of transactions relating to the operation of classes and included as part of the overall statement of financial activities are the following funds relating to classes:- |**Income**|**£**|**£**|| |---|---|---|---| |Parental contributions||841|| |**Expenditures**|||| |Teachers Salaries|10,400||| |Online teaching equipment & licences|390||| |||10,790|| |**Excess of Expenditure over Income**|||(9,949)| |Bank & Cash balance b/f|||9,949| ||||Nil| |**Represented By:-**|||| |Cash in hand (classes)|||Nil| The classes account has not generated a surplus since 2018 and has no retained reserves. The decision has therefore been taken to cease the provision of classes in the short term. ## **6 Contingent Liabilities** As far as the directors are aware there were no pending legal activities, guarantees, material damages or any contingent liabilities at the balance sheet dates. ## **7 Post Balance Sheet Events** There have been no events after 31st March 2024 which will have an effect on the financial statements up to 31st March 2024. ## **8 Analysis of net assets by fund** ||**Unrestricted**|**Restricted**|**TOTAL**| |---|---|---|---| |Fixed assets|0|435,000|435,000| |Debtors|0|1,995|1,995| |Cash at bank and in hand|0|102,842|102,842| |Less: Creditors|0|(1,600)|(1,600)| ||0|538,237|538,237| ## **9 Related Party Transactions** There were no related party transactions during the year. 8