2024-03-31-accounts - The Liverpool Muslim Society

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LIVERPOOL MUSLIM SOCIETY Registered Charity No 503822

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2024

Prepared By: -

The Board of Trustees Liverpool Muslim Society 29/31 Hatherley Street Liverpool L8 2TJ

LIVERPOOL MUSLIM SOCIETY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024

Contents	Page
Professional Advisers and Charity Information	3
Trustees’ Annual Report	4 - 9
Independent Examiner’s Report to the Trustees	10
Statement of Financial Activities	11
Summary Statement of Financial Activities	12
Balance Sheet	13
Notes Forming Part of the Financial Statements	14 - 18

LIVERPOOL MUSLIM SOCIETY REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2024

Professional Advisers & Charity Information

Name: Liverpool Muslim Society Governing Document: The Society is governed by a constitution. The Charity registration was agreed on 2nd December 1974. The most recent revision of the constitution took place in 2010 and was adopted on 25th April 2010. Further amendments were made and approved on 13[th] September 2014. Registered Office: 29-31 Hatherley Street Toxteth Liverpool L8 2TJ Trustees: (See page 8) Bankers: NatWest Bank Plc Liverpool City Office (B) Branch 2-8 Church Street Liverpool L1 3BG Independent Examiner: Mohammed Arshad Arshads Accounting & Tax Services 12 Olivetree Road Liverpool L15 7LL

LIVERPOOL MUSLIM SOCIETY TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2024

The Trustees have the pleasure in presenting their Annual Report and Financial Statements for the year ended 31st March 2024.

LEGAL AND ADMINISTRATIVE DETAILS

Governing Instrument . The Liverpool Muslim Society is constituted as a registered charity in the UK and governed by a constitution.

Membership is open to interested individuals accepted into membership by the Trustees, following completion of a prescribed membership form.

Trustees. The Society's work is directed by a board of Trustees, who approve the policy for the organisation. The activities of the Society are overseen by various sub-committees and an executive team who meet as and when required and report to the Board of Trustees. The board is composed of not less than 5 nor more than 12 trustees.

Objects of the Project . The Objects are:

(a) To promote Islam as a religion by means which are charitable according to the law of England and Wales.
(b) For the public benefit, to relieve need and advance education amongst Muslim residents in the North-West of England.
(c) In the interests of social welfare, to provide or assist in the provision of facilities for recreation and other leisure-time occupation.

PUBLIC BENEFIT STATEMENT

In planning our activities, we have considered guidance from the Charity Commission to ensure we meet our public benefit requirements.

REVIEW OF THE YEAR

Activities conducted by LMS

Liverpool Muslim Society carried out a variety of activities in order to achieve its objectives during the year ended 31[st] March 2024.

Services provided by the Imams in the Masjid

The Imams continue to deliver the weekly Juma sermon and daily prayers. They also carry out marriage registrations, divorce services, marital consultations and bereavement support.

Schools Educational Visits

The Society hosted over 100 educational visits in the centre during the year facilitated by the Imams, staff and volunteers.

LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024

HUMANITARIAN APPEAL

Al-Rahma Mosque continues to support charities deliver services to disadvantaged communities both in the UK and abroad. Collections were made for more than 10 different UK registered charities during the blessed month of Ramadan and at different occasions.

RESULTS FOR THE YEAR

The results for the year are set out on the finance pages following this report.

RESERVES POLICY

The trustees maintain a buffer of free reserves equivalent to at least two months of annual core expenditure. The average monthly expenditure is estimated to be approximately £25,000 therefore the target reserve is approximately £50,000. This target is now met and will form the baseline for any future spending program.

LMS is always on the look out to maximize the organization’s income. The board regularly reviews the financial position of the organization to ensure the optimum utilization of the charity’s funds to maintain financial stability. Several new venues of generating income have been introduced to support the fundraising mechanism at the society.

RISK

The major challenge the organization faces is raising sufficient funds to pay for its expenses. The trustees have procedures in place designed to mitigate these potential risks. The financial position of the Society and the level of risk are assessed on regular bases.

FINANCIAL REVIEW

During the period, the Society continued to raise funds to meet its financial commitments and to support ongoing and new projects. The organisation actively sought new venues to maximize on its income generating activities during the period. Examples of such venues are new approaches to better engage with the donors and facilitating new ways of collecting donations.

THE FUTURE

The board of trustees continued to explore venues to increase income, reduce expenses and enhance services provided to the community in line with the activities of the old board of trustees. Listed below are projects planned for the next financial year but some of them have already been started.

LMS purchased the property No 39 Rosebery Street in December 2023.
LMS has recently upgraded its ageing sound system, replacing it with a state-of-the-art, highquality system designed to enhance the audio experience for all worshippers.
the Community Kitchen in December 2023.
LMS has recently modernised the mosque's Mihrab, giving it a fresh and contemporary design. This renovation enhances the spiritual ambiance of the prayer space while maintaining its traditional significance. The new Mihrab combines aesthetic appeal with functionality, creating a more welcoming and inspiring environment for worshippers.
LMS plans to establish a Hajj and Umrah Service
LMS plans to redevelop the yard as a prayer hall.

LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024

The following activities and services highlight the dedication LMS’s staff and volunteers to serving the diverse needs of the community with compassion, integrity, and excellence:

Al-Rahma Madrasah:
Islamic education for children, nurturing spiritual growth and moral development.
Details: 200 students, 20 staff members. Every Saturday and Sunday from 10:30 AM to 2:30 PM.
Al-Rahma Tahfeedh:
Quran memorisation classes fostering a strong connection to Allah's words.
Details: 100 students, 10 staff members. Every Monday, Tuesday, and Wednesday from 6 PM to 8 PM.
Al-Rahma Youth Club:
Educational, social, and recreational activities for the youth.
Details: Sundays at 4 PM with approximately 50 participants engaging in spiritual and recreational activities.
Al-Rahma Youth Linkup:
Networking and mentorship opportunities for young Muslims to thrive.
Details: Monthly programme featuring diverse religious and recreational activities, with meals provided.
Marriage & Divorce Services:
Guidance and counselling for individuals and families throughout their marital journey.
Details: Available daily for Muslims in the Liverpool City Region, conducted by three Imams.
Family Counselling:
Professional support for family disputes and community conflicts to foster harmony.
Al-Rahma Mosque Funeral Services:
Dignified and respectful funeral arrangements to support grieving families.
Ladies' Programmes:
Ladies Learning Sessions: Every Thursday, 10:00 AM to 4:00 PM.
Ladies Quran Classes: Every Friday, 10:00 AM to 1:00 PM.
Seerah Classes for Ladies: Thursdays, 6:00 PM to 8:00 PM.

LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024

Mother and Toddler Programme:
A dedicated programme for mothers and toddlers every Wednesday, 11:00 AM to 2:30 PM.
Career and Education Advice:
Sessions on jobs and higher education opportunities every Friday after Jumah prayer.
Guest Speaker Sessions:
Hosting renowned scholars and professionals for discussions on health, mental wellbeing, and religious topics.
Classes for Revert Brothers and Sisters:
Dedicated sessions every Saturday at 2 PM to support and guide new Muslims.

These initiatives reflect LMS’s commitment to fostering spiritual, social, and educational development within the community while promoting unity and inclusion.

Vision 2035:

As we move forward with our vision for 2035, let us continue to strengthen and expand these essential services, ensuring that LMS remains a beacon of hope, support, and guidance for all. Together, we can make a lasting difference in the lives of those we serve.

Our vision for 2035 at Liverpool Muslim Society (LMS) is a roadmap of achievable goals aimed at advancing our charity's objectives, with the aim of becoming a Model Mosque for UK Muslims. This vision embodies a collective effort to uplift the Muslim community.

Achieve 100% self-sustainability by diversifying investments and establishing profitable income-generating endowments.
Transform into a Mosque+ (Community Hub) by constructing the Rosebery Cohesion Centre to fulfil the charity's vision and mission.

We want LMS to extend beyond the traditional role of a mosque as a place of worship. We want to encompasses additional functions and services that cater to the broader needs of the Muslim community and beyond. We aim to create facilities and programs that serve not only as a place of prayer but also as a centre for education, social activities, community services, and outreach programs. This expanded role aims to make the mosque a central hub for community development, engagement, and support, addressing various needs and enhancing the overall well-being of individuals and families within the community.

LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024

Provide Islamic Ethos Education by establishing and supporting nurseries, primary, and secondary schools embracing Islamic values.

These schools would serve as centres of excellence within the community, offering extracurricular activities, community service projects, and outreach programs that further reinforce Islamic values and principles. Through these initiatives, students would develop a strong sense of identity, belonging, and purpose, preparing them to become well-rounded individuals who contribute positively to society while remaining grounded in their faith.

Establish strong Da'wah and Outreach Platforms with robust and sustainable communication channels, both online and on-ground.
Expand national and international relations by cultivating robust donor relationships and forging strategic partnerships with a wide range of stakeholders, including local, national, and international organizations.

LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31[ST] MARCH 2024

BOARD OF TRUSTEES

The trustees who were elected, co-opted, resigned. retired and/or served during the year are as follows:

Dr Badr Abdullah (Chairman) Mr Shams ul Haque Khan Mr Ismail Saleh Mrs Asmaa Al-Thubhani Mr Marwan Gawher (Treasurer) Dr Thamir Ismail Dr Mohamed Mahyoub (Secretary) Mr Abdulaziz Hamid (co-opted)

TRUSTEES’ RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its net incoming or outgoing resources for that period. In preparing these financial statements the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with SORP 2005. 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.

APPROVAL

The report was approved by the Board of Trustees and signed on its behalf on 9th January 2025.

Badr Abdullah Trustee (Chairman)

Marwan Gawher Trustee (Treasurer)

Registered Office: 29/31 Hatherley Street Liverpool L8 2TJ

Independent Examiner's Report

To the board of trustees of Liverpool Muslim Society on the financial statements for the year ended 31 st March 2024.

I report on the accounts of the charity for the year ended 31 st March 2024, which are set out on Pages 10-17.

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 and that an independent examination is required.

It is my responsibility to:

a) examine the accounts under section 145 of the 2011 Act
b) to follow the procedures laid down in the general directions given by the Charity Commission under section 145 (S)(b) of the 2011 Act; and
c) to state whether particular matters have come to my attention

Basis of Independent Examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts 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 matter has come to my attention:

( 1 ) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 130 of the 2011 Act
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

( 2 ) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Arshads Accounting & Tax services 12 Olivetree Road Liverpool L15 7LL

09.01.2025

LIVERPOOL MUSLIM SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2024

	Note	UNREST (£)(1)	UNREST (£)(1)	REST (£)(2)	Total (£)	Total (£)
					2024	2023
INCOMING RESOURCES				426,548 426,548 - 283,413 283,413 143,135 459,167 602,302	61,903 630,749 692,652 43,294 562,266 605,560 87,092 1,947,394 530,000 2,564,486	57,090 487,496 544,586 11,849 454,323 466,172 78,414 1,868,980 1,947,394
Incoming resources from generated funds	2		61,903
Incoming resources from Charitable Activities	3		204,201
TOTAL INCOMING RESOURCES			266,104

RESOURCES EXPENDED
Costs of generating funds	9		43,294
Charitable activities	10		278,853
TOTAL RESOURCES EXPENDED			322,147
NET (OUTGOING)/INCOMING RESOURCES			(56,043)


Balances brought forward		1,488,227
Valuation of Fixed Assets		530,000
Balances carried forward		1,962,184






1 - Unrestricted fund 2-Restricted fund

LIVERPOOL MUSLIM SOCIETY SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2024

INCOMING RESOURCES RESOURCES EXPENDED TOTAL SURPLUS	2024 2023 £ £ 692,652 544,586 (605,560) (466,172) 87,092 78,414

All of the activities of the charity are classed as continuing

LIVERPOOL MUSLIM SOCIETY BALANCE SHEET AS AT 31ST MARCH 2024

	Note		2024		2023
FIXED ASSETS		£	£	£		£
Tangible Assets	11		2,479,142		1,678,360
CURRENT ASSETS
Debtors	12	12,955		8,111
Prepayments		2,241		778
Cash at bank and in hand		122,229		271,194
		137,425		280,083
CREDITORS: amounts falling due
within one year
Sundry	13	(52,081)		(11,049)
NET CURRENT ASSETS			85,344		269,034
TOTAL ASSETS			2,564,486		1,947,394
FUNDS
Restricted	5		602,302		459,167
Unrestricted	5		1,962,184		1,488,227
TOTAL FUNDS			2,564,486		1,947,394

For the financial year ended 31st March 2024, the Society is entitled to be examined by an independent examiner. The governing instrument of the parent charity does not require an audit to be carried out and members have not asked for one. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. The accounts were approved by the board of trustees on xxx January 2025 and signed on its behalf by:

Badr Abdullah

Marwan Gawher

Trustee (Chairman)

Trustee (Treasurer)

LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024

1. ACCOUNTING POLICIES

(a) Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 1993.

(b) Depreciation

Depreciation is calculated to write off the cost of fixed assets, less estimated residual value, over their estimated useful economic lives on the following basis: -

Portacabin	10%	reducing balance
Equipment, Furniture, Fixtures & Fittings	20%	reducing balance
Books & Reference Materials	15%	reducing balance
Hearce	20%	reducing balance
Properties	2%	straight line

(c) Incoming Resources

Investment income is recognized on a receivable basis.

Income from charitable activities includes donations from members, zakat and hall hire. Income from charitable activity is deferred when a payment is received in advance for the following financial period.

(d) Resources Expended

Expenditure is recognized when a liability is incurred.

Charitable activities include expenditure associated with Masjid activities, education, health, sports, social, welfare and recreation activities and include both the direct costs and support costs relating to these activities.
Management and Administration costs include those incurred in the management and administration of the Masjid, including governance of the parent charity and its assets and are primarily associated with constitutional and statutory requirement.

(e) Fund Accounting

Funds held by the charity are either:

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds – these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

(e) Taxation

The Society is a registered charity and is not subject to UK corporation tax

LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024

		UNREST (£)	UNREST (£)	UNREST (£)	REST (£)	REST (£)	Total Funds (£)	Total Funds (£)	Total Funds (£)	Total Funds (£)	Total Funds (£)	Total Funds (£)
								2024			2023
	INCOMING RESOURCES
2	Incoming resources from generated funds
	Investment Income			61,903	-				61,903			57,090
				61,903	-				61,903			57,090

3	Incoming resources from Charitable Activities
	Humanitarian Appeal Fund			-	55,775				55,775			75,734
	Building Project Fund & Sound system			-	154,796			154,796				18,450
	Fitrana & Zakat Fund			-		23,816		23,816				22,680
	Education & Daawah			-		86,799		86,799				55,924
	Ramadan Iftar Fund					16,703		16,703				12,485
	Community Kitchen			8,065		-		8,065
	General Donations		196,136			-		196,136			251,842
	Funeral Fund		______			88,659			88,659			50,381
			204,201		426,548			630,749			487,496

	TOTAL INCOMING RESOURCES		266,104		426,548			692,652			544,586

4	NET INCOMING RESOURCES							2024			2023
	The net incoming resources is stated after charging:								£			£
	Depreciation								93,739			55,224

5	ANALYSIS OF FUND BALANCE BETWEEN
	THE NET ASSETS	UNREST (£)			REST (£)			Total Funds (£)		Total Funds (£)
								2024		2023

	Tangible fixed asset	1,878,735			600,407		2,479,142			1,678,360
	Current asset		135,530		1,895			137,425			280,083
	Current liabilities		(52,081)		-			(52,081)			(11,049)
	FUND BALANCE	1,962,184			602,302		2,564,486			1,947,394

LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024


6	STAFF COSTS(including trustees)	2024	2023
		£	£
	Salaries & wages	111,559	27,689
		-

	The average number of employees (including trustees)	employed by the charity during the year
	were:-
		2024	2023
		30	23

		2024	2023
		30	23

7	VOLUNTEERS EXPENSES
		2024	2023
	Volunteers Expenses	30,905	44,235

8	TRUSTEES REMUNERATIONS AND EXPENSES

8 TRUSTEES REMUNERATIONS AND EXPENSES No remuneration or reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period.

		UNREST	REST	Total	Total
		(£)	(£)	Funds (£)	Funds (£)
	RESOURCES EXPENDED			2024	2023
9	Costs of generating funds
	Repairs & Renewal	39,885	-	39,885	3,898
	Cleaning & Sanitation	700	-	700	499
	Council tax	128	-	128	4,699
	Heating & Lighting	945	-	945	1,265
	Insurance	1,636	-	1,636	1,488
		43,294	-	43,294	11,849

LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024


		UNREST (£)		REST (£)	Total Fund (£) 2024		Total Fund (£) 2023
10	Charitable Activities
	Humanitarian Appeal		-	55,775		55,775		75,734
	Wages and Salaries		57,224	54,335		111,559		27,689
	Subscriptions		4,952	-		4,952		2,862
	Volunteers'Expenses Tahfeedh		-	12,464		12,464		17,503
	Zakat & Sadaqa		-	37,885		37,885		25,487
	Volunteers'Expenses Madrassah		-	15,266		15,266		26,732
	Food & Serving Materials for Iftar		-	24,675		24,675		20,168
	Heating & Lighting		16,526	-		16,526		19,465
	Repairs & Renewals		41,462	-		41,462		71,660
	Professional & Legal		9,516	-		9,516		2,600
	Education & Daawah		-	13,235		13,235		26,373
	Youth Activities		4,628	-		4,628		3,475
	Printing, Stationery & Books		3,311	7,049		10,360		7,155
	Insurance		5,090	-		5,090		4,562
	Business & Water Rates		2,569	-		2,569		3,729
	Cleaning & Sanitation		1,030	-		1,030		950
	Bank Service Charges		3,836	-		3,836		3,556
	Sundries		8,101	-		8,101		7,902
	Telephone & Internet		7,654	-		7,654		1,629
	Bad Debts		-	-		-		3,182
	Depreciation		93,739	-		93,739		55,224
	Equipment Hire		-	-		-		283
	Community Kitchen		12,297			12,297		-
	Eid Celebrations		4,842	-		4,842
	Visitors & Volunteers refreshments		2,076	-		2,076		2,286
	Funeral Services		-	62,729		62,729		44,117
			______	______		______		______
			278,853	283,413		562,266		454,323

	TOTAL EXPENDED RESOURCES		322,147	283,413		605,560		466,172

LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024

11	FIXED ASSETS Hearse	FIXED ASSETS Hearse	FIXED ASSETS Hearse	Properties	Properties	Properties	Properties	Portacabin	Portacabin	Portacabin	Books & Ref Materials	Books & Ref Materials	Equipment Fixtures & Fittings	Equipment Fixtures & Fittings	Equipment Fixtures & Fittings	Total	Total	Total	Total
	COSTS	£		£				£			£		£			£
	At 1st April 2023			1,689,944				15,813			11,362		287,164			2,004,283
	Additions	25,000		203,724				15,579			-		120,218			364,521
	Revaluation	-		450,000				30,000			50,000		-			530,000
	At 31st March 2024	25,000		2,343,668				61,3923			61,362		407,382			2,898,804

	DEPRECIATION
	At 1St April 2023					101,397			11,794			4,969	207,763				325,923
	Charge for the year		5,000				33,799			4,845		7,435		42,660				93,739
	At 31st March 2024		5,000			135,196			16,639		12,404		250,423				419,662

	NET BOOK VALUE
	At 31st March 2024	20 ,000			2,208,472				44,753		48,958		156,959			2,479,142

	At 31st March 2023	-			1,588,547					4,019		6,393		79,401		1,678,360

													2024			2023
12	DEBTORS													£					£
	Sundry Debtors													12,955					8,111
	Prepayments														2,241				778
														15,196					8,889

														2024					2023
13	CREDITORS													£					£
	Amount falling due within one year
	Salaries & Wages													4,020					3,490
	Sundry Creditors													33,309					2,807
	Accruals													14,752					4,752
														52,081				11,049
13	TAXATION
	No provision for taxation has been made as the Society is a registered charity.

14	GENERAL FUND
	As the Charity is an un-incorporated entity, the liabilities of trustees are unlimited.