REGISTERED CHARITY NUMBER.. 517213 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 FOR INDIAN MUSLIM PATEL SOCIETY W*ergale8 Ltd 109 Coleman Road Leicester LE5 4LE
INDIAN MUSLIM PATEL SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Page Report of the Trusteos Independent Examiner's Report ststement of Financlal Actlvltigs Balance Sheet Cash Flow Statemènt Notes to the Ca$h Flow Statement Notes to the Financial Statements 9 to 16
INDIAN MUSLIM PATEL SOCIETY REPORT OF THE TRusfEE5 FOR THE YEAR ENDED 31ST DECEMBER2022 The trustees present their report with the financial slalemenls of the charity for the year ended 31st Decernber 2022. The trustees have adopted the provisions of Accounting and Reporting by Charrti&s.' statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The charity's objectives, outlined in the trust deed, are to preserve and enhance the Islamic faith in the Dewsbury area for the public's benefit, primarily through collective worship, lectures. re1lOuS feslwals and running classes and courses on the Islamic faith. Additionalty. the charty aims to advance education, provide sock41 welfare facilrties for leisure-lime occupation, and improve living conditions for Dewsbury and neighbouring residents by maintaining the Zakaria Educat¢on Centre. Each year. the Steering Cornmittee rewews the chartys objectives and activities lo ensure they align with the organisation's faith and community goals. The Iruslees have also considered the Charity C(>mmission's general guidance on public benefit and spe¢ificalty ts supplementary public guidanee on the advancement of religion for the public benefit. The charity maintains a du81 purpose of providing a place of worship for Muslims and a community facility for Oewsbury residents. The long-lemi ambition iy to bolster the SetF<Onfiden ol Dewsbury Muslims in their faith, foster a peaceful and hamionious community, and achieve these goals through community adNitie8 and facilities. Significant actlvlties Throughout the year, the Charity hosts several events, such as Open Days, school wsrts, and fundraisers. These events are designed lo break down barrErs of prejudice, reduce community tensions, and foster mutual understanding. The mosque is open every day lor prayers, welcoming regular attendees, o¢¢asional visitors an¢J p8s5ers-by. During the holy month of Ramadan, the charty also provtdes provisions for those who wish lo break their fast in congregation. Moreover, they assist families Wth a surtable location and an Imam lo perform their Nikkah ceremony, which is an Islamic marriage ritual. The charity hosts programs and lectures by renowned scholars from the UK and abroad to promote Is18mic awareness. Topics covered include charity, inher¢tance, divorce. preparation for Haj and Umrah Ipilgrimage}. addiction ar prevention, and Islamic manner5. The charty also offers 8 variety of other beneficial Programs, including first aid emergency training for the workplace. emergency paediatric first aid, 8 male hygiene course, guidance on successful pafenling. understanding Islam and rts challonges, a mus1m guide lo family law. and mental health and wellbeing support. In addition, the charity operates an after-school tuition hub where children can learn to recite and memorixe the Hoty Quran, as well as learn about the fundarnenlal principles of the Islami¢ faith. Publlc benefit The Trustees have given due eonsideralion to the Charty Commission's published guidanee on the Public Benefi( Requirement. Volunteers We have a small number of VCsltJnleers assist on an ad-h¢x basis.
INDIAN MUSLIM PATEL SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 ACHIEVEMENT AND PERFORMANCE The Zak8ria Education Centre and Zakaria Masjid have made signfficanl achievements in providing essential spiritual, health, and welfare support throughout the year, e5pe¢ially during Covid-19 lockdowns and UK restrictions, In November 2021, the charity launched its first scouts. group for 8-10 year-olds, and rt was well-received with 27 children registered. Due to the high demand, a waiting list has been established, which shows the success and impact of the program. FINANCIAL REVIEW Financial posltlon The charity has a policy ol maintaining unrestricted funds, which are not designated for a specrfic purpose, al lev81 equivatent lo three to six months, expenditure. This level of reserves is believed by the Iruslees to ensure that the charfLy can continue its current aclimlies in the event of a significant drop in funding while considering ways to Taise additional funds. Re$erves pollcy We aim lo ulilise the funds as soon as we identify suitable programmes or s¢olars. The funds the charity holds is lo ensure that il has sufficient reserves to cover the w5ts of managing and administering the charity for the following yeai. The Trusl&s consider it prutlenl that the reserves should be sufficient for the charrty's use. The Trustees have approved Ihal all unrestricted reserves wll be utilised in helping the charity achieve it5 objectives. Going Concern Curtenlly no concerns al)out the charity continuing as a going concern. FUTURE PLANS The Trustees view the charrty a5 a long term Èvolving project with its role in enhancing the Islamic faith in the Dewsbury area well into the future. They envisage donations and awards being maintained. They wll continue to engage acthvely with the communty. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The ¢harily is controlled by its governin9 document, a deed of trust and constitutes an unincorporated charity. The charity is a charitable trust governed by a conslf(ulion adopted September 1968 as amended on 25 December 1985 and 12 January 1992. Recruitment and appolntment of new trustee$ The board of Iruslees appoints new trustees, and they meet annually, wth subgroups, including the execLrtNe committee, responsible for daY-daY management. These subgroups report lo the management committee headed by Hfz Jabir Shelh, who approves any necessary actions. The current trustees have an average age of over 70 and are responsible lor recruiting new trustees. To ensure the continuity of the charity's mission, they have Inib'ated a campaign to encourage younger members to join the board. In addition to financial management, the Trustees havo also prioritized 8nsuring the charity has effective safeguarding policies and procedures in place and regularly review their impkmenlalion. Organi$atlonal Structure The board of Trustees of the charity are responsible for the charty'8 Strategic direction. The board of Trusl8es meet on a termty basis lo discuss the activities of the charity. The board of trustees ore supported through the aid of volunteers who manage the daity running of the ch8ri1y.
INDIAN MUSLIM PATEL SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The Trustee5 have conduded a thorough assessment of the Char$ inleTnal controls and determined that they offer adequate assurance that the charity's assets are prolecled, financial infomialion is accurate, arKI Ihg charity is functioning wrthin ils objectives and adhering lo relevant laws and regulations. The charity has established policies, 5yStems, and procedures lo mitigate identifie(J risks outlined in the annual review. In addition, the Trustees have conducted a review of the charty's adherence lo applicable l$latIOn and found no Instance5 of non<ompliance during the year. The charity has complied with the requirements of the Charities Act 2011 and the Financial Reporting Standard applieable in the UK. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 517213 Principal address 2 Chapel Street Savile Town Dewsbury WF12 9NQ Trustees R Yusuf lappointed 121312023) l E A Dalal (appointed 121312023) A U Patel Y Gajra E Ismail Iresigned 121312023} Y Vali (resigned 1213120231 Indepgndont Examiner Watergates Ltd 109 Coleman Road Leicester LE5 4LE Approved by order of the board of Iruslees on 27th December 2024 and slgned on its behalf by.. Y Gajra- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INDIAN MUSLIM PATEL SOCIETY Independent examinerfs report to the trustees of Indlan Muslim Patel Soclety I report lo the charity Iruslees on my examination of the accounts of Indian Muslim Palel Society Ith& Tnjsll for the year endeil 31st December 2022. Responslblllties and basis of report As the chairty trustees of the Trust you are responsible for the preparation of the accounts in accordance w((h the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the Trust's accounts carried out under Sedion 145 of the Act and in carrying out my examination I have followed all applicable Dire¢lions gwen by the Charity Commission under Sectson 145151{bl of the Act. Independènt exarniner's statement Since your charitys gross income exceeded £250,000 your ¢xaminer musl be a membef of a listed body. I can confim that l am qualrfied lo undertake the examination because l am a member of the Association of Chartered Certrfied Accounlanls, which is one of the listed bodies. I have completed my examination. l Confimi that no material matter5 have come lo my attention in connection with the examination givin9 me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records., or the ac¢ounts do not eompty with the applicable requirements concerning the form and content of aeeovnls 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 concerns and have come across no other matters in Connection wlh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Nazir Malida FCCA Watergates Ltd 109 Colern8n Road Leicester LE5 4LE 27th December 2024
INDIAN MUSLll•l PATEL SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 31112122 Total fund8 31112121 Total lunds as rgStat&d Unro$trlcted fund R•strlct8d lund INCOME AND ENDOWMENTS FROM Donations and legacies 564,525 321.$42 886.067 761,387 EXPENDITURE ON Charltable activities Direct costs 582.698 126,200 708.898 560,316 Other SO.703 50.703 71,227 Totsl 633.401 126.200 759,601 631,543 NET INCOMEIIEXPENDITUREI {68.8761 195.342 126.466 129,844 RECONCIUATION OF FUNDS Total funds brought foiward 225.700 225,700 95,856 TOTAL FUNDS CARRIED FORWARD 156.824 195.342 352,166 225.700 The notes fomi part ol thgse financial statements
INDIAN MUSLIM PATEL SOCIETY BALANCE SHEET 31ST DECEMBER 2022 31112122 Total fund$ 31112121 Total funds as restated Unre8trict8d fund R•strlcted tund Not9$ FIXED ASSETS Tangible assets 11 81,925 81.925 94,636 CURRENT ASSETS Debtors Cash al bank and in hand 12 395,958 62,415 395,958 257,7S7 81,983 99,752 195,342 458,373 195,342 653,715 181.735 CREDITORS Amounts falling due within one year 13 1383,4741 {383.4741 {50,6711 NET CURRENT ASSETS 74,899 195,342 270,241 131.064 TOTAL ASSETS LESS CURRENT LIABILITIES 166,824 195.342 352,166 225,700 NET ASSETS 156,824 195.342 352.166 225,700 FUNDS unStriCted funds Reslricled funds 14 156.824 195.342 225.700 TOTAL FUNDS 352.166 225,700 The financial statements were approved by thè Board of Trustees and authorised for issue on 27th December 2024 and were signed on f(s behalf by". Y Gajra- Trustee The ntst8s fomi part of these financial stataments
INDIAN MUSLIM PATEL SOCIETY CASH FLOW STATEMENT FOR THE YEAR ENOED 31ST DECEMBER2022 31112122 31112121 tated Notes Cash flows from operating aNItIeS Cash generated from operation$ 158.005 19,355 Net cash provided by operating activities 158,005 19,355 Cash flows from investing activitles Purchase of tangible fixed assets 134,6031 Nel cash provided byllused inl investing 8CtNities 134,6031 Change In cash and cash equ5valents in the reporting perlod Cash and cash oqulvalents at the beglnnlng of the reportlng r[0d 158,005 115,2481 99,752 115,000 Cash and cash equlvalents at the end of the reporting pgriod 257,757 99,752 The notes form part of these financial statements
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2022 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTMTIES 31112122 31112121 restated Nel income for thg reporting pèriod las per the Statement of Financial A¢tivities} Adlustments for- Depreciation charges Increase in debtors Increasel{decreasel in creditors 126.466 129,844 12.712 1313,9761 332,803 12,712 163,1081 160,0931 Net cash provided by opèrations 158,005 19,355 ANALYSIS OF CHANGES IN NET FUNDS At1.1.22 Cash flow At 31.12.22 Net ¢a$h Cash al bank and in hand 99.752 158,005 2S7,757 99,752 158,006 257,757 Total 99,752 158.OOS 257,757 The notes fomi part of these financial statements
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a publi¢ beneff( entty under FRS 102, have been Prepared in accordance with the Chaiiliès SORP IFRS 1021 'Accounting and Reporting by Charrties.. Slalemenl of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191.. Financial Reporting Standard 102 'The Financial Reportin9 Standard applicable in the UK and Republi¢ of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histor¢cal cost convention. Assets and liabilities are initially recognised al historical cost or transaction value unsS gtherwise slated in the relevant accounting policy nolelsl. The functional currency of the charity is considered to be pounds 51erling because that is the currency of the primary economic environment in which the Charrty operates. The financial slalemenls are also presented in pounds sterting, The amounts in the financial slalemenls are presented to the nearest £1, unless otherwise slated. The preparation of the financial statements in cornpliance with FRS 102 requires the use of certain crf£ical accounting estimate5. 11 also requires managemgnl lo exercise judgement in applying the charity's aecounling policies. There are no significant areas requiring material judgements, estimates or assumptions. GOING CONCERN At the lime of appromng the financial statement$. the twsleès have a reasonable expectslion that the charity has adequate reSoUrS to ¢onlinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going eoncem basis of accounting in preparing the financial statements. INCOME All income is reco9nised in the Stslemenl of Financial Activities once the eharily has enlillement to the funds, it is probable that the income will be received and the amount ¢an be measured r?liably. Cash donatK)ns are recognise(l on receipt. Other donations are recognised once the charty has been notified of the donation. unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. The value of service5 provided by volunteers is difficult lo pul a monetary value on and therefore has nol been included In accordance with the Charfiies SORP IFRS1021. EXPENDITURE Liabilities aro recognised as expenditure as Soon as there is a legal or Constructive obligali¢)n committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an aecruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot bè directly attributed lo partular headings they have been allocated to actiwlies on a basis consislenl with the use of resource5. Charitable expenditure comprises those ¢05ts incurred by the charity in the delNery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated direclty to such activities and those costs of an indirect nature necegsary lo support them. Governance costs include those costs associated with meeting the conslilulion81 and slalulory requirements of the charty and include the aOUntancY fees and cost linked to the strategic management of the eharty.
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMEKfs- contlnued FOR THE YEAR ENDED 31ST DECEMBER 2022 ACCOUNTING POUCIES - contlnued EXPENDITURE All costs are allocated b¢een the expendf(ure categories of the SOFA on a bas designed lo refleet the use of the resource. C051s relating lo a particular aclivty are allocated diredly, others are apportioned on an appropriate basis consislenl wrth use of the resour$. Grants offered subject lo conditions which have not been mel al the year end dale are noted as a commitment bui not a¢¢rued as expenditure. TANGIBLE FIXED ASSETS Tangible fixed assets are inrtially measured al cost and subsequently measured at cost or valuation. nel of depreeialion and any impaiment10s5es. Depreciation is Tecognised so as lo wnte off the ¢ost or valuation Of assets less their residual values over their useful lives on the following basis-. Plant and equipment.. 10% reducing balance The gain or loss arising on the disposal of an as5el is determined as the difference between the sale piocgeds and the Carrng value of the asset, and is recognised in the statement of financial activities. Impaiment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to detemiine whelhei there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is eslimaled in order lo determine the extent of the impaimient loss lif anyl. TAXATION The charty is exempt from lax on its charitable aclivilie5. FUND ACCOUNTING Unrestricted funds can be used in accordan with the charitable objectives al the discretion of the Iruslees. Restricted funds can only be used for particular reslricled purposes wtthin the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the noles lo the financial statements. EMPLOYEE BENEFITS The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's services are received. Temination benèfits are recognised immediately as an expense when the charity is demonslrabty ommitted to lerminale the employrnenl of an employee orto provide temiination benefits. -10-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2022 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the applicaliDn of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the earrying amount of assets and liabilities that aro not readily apparent from other sources. The estimates and a$Slated assumptions are based on historical experience and other factors that are Considered to be relevant. Actual iesuts may differ from these estimates. The estimates and LSndetying assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates are recognised in the period in which the estimate is revised where the revision afft$ onty that period. or in the period of the revision and future periods where the revisDn affects both Crnt and future perK)ds. DONATIONS AND LEGACIES 31112122 31112121 as Testated Donations Membership fees Government grant income 448,550 437.517 100,852 605,946 54,589 886,067 761,387 CHARITABLE ACTIVITIES COSTS Grant funding of actlvlties Isee not• Dlr•¢t Costs Totals Direct costs 582,698 126,200 708.898 GRANTS PAYABLE 31112122 31112121 as restated DiTecl costs 126,200 -11-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31ST DECEMBER 2022 SUPPORT COSTS Governanc• COSts Other resources expended 50,703 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31st Decernber 2022 nor for the year ended 31st December 2021. STAFF COSTS 31112122 31112121 restated Wages and salaries 473,367 419,787 473.367 419.787 The average monthly number of employees during the year was as follow5.. 31112122 31112121 as rgstated 72 Staff 80 No employees reiVed emoluments in eXSS of £60,000. COMPARATIVES FOR THE STATEMENT OF FIMANCIAL ACTIVITIES Unrestricted fund Restrfcted fund Totsl funds as restated INCOME AND ENDOWMENTS FROM t)onations and legacies 761.387 761,387 EXPENDITURE ON Charitable activities Direct costs 560,316 560.316 other 71,227 71,227 Total 631,543 631,543 NET INCOME 129,844 129,844 -12-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THe FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31ST DECEMBER 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued UnTgStrlcted Restri¢led fund fund Total funds as restated RECONCILIATION OF FUNDS Totsl funds brought foNard 95,856 95,858 TOTAL FUNDS CARRIED FORWARD 225,700 225,700 10. PRIOR YEAR ADJUSTMENT PrK)r year adjuslmenls relate lo the historic removal of freehold property on the basis it was not owned by the charity. Adjuslmenls lo the peri¢d prior to the earliest period presented in these financial statements consist of reduction in freehold Property cost of £4,055,090, with a reduction in depreciation of £16,200 as well as a redudion in piioi year deprecialton charge ()f £16,200. and a corresponding reduction in reserves of £4,038,890. 11. TANGIBLE FIXED ASSETS Plant and ma¢hlnery COST At 1st January 2022 and 31st December 2022 124,187 DEPRECIATION Al 1st January 2022 Charge for year 29.551 12,711 Al 31st December 2022 42,262 NET BOOK VALUE Al 31st December 2022 81,925 Al 3151 December 2021 94,636 11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112122 31112121 restated Trade debtors Other debtors 142,958 253.000 81,983 39S,958 81,983 -13-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS. continued FOR THe YEAR ENDED 31ST DECEMBER 2022 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112122 31112121 restated Taxation and sock41 security Other creditors 671 50,000 383,474 383,474 50,671 14. MOVEMENT IN FUNDS Net movement In fund$ At 31.12.22 At1.1.22 Unrestrlcted funds General fund 225.700 168,8761 156,824 Restricted funds Restricted 195,342 195,342 TOTAL FUNDS 225,700 126,466 352.166 Net movernent in funds. included in the above are as follows.. Ineomlng sources Resources exp¢ndod Movement in funds Unrestrtcted funds General fund $64,525 1633.4011 168,876) Restricted funds Reslricled 321.542 1126,2001 195.342 TOTAL FUNDS 886,067 1759.6011 126,466 Comparatives for movgment In funds Net mov¢rnent In fund$ At 31.12.21 At1.1.Z1 Unrestrict&d funds General fLtnd 95,856 129,844 225,700 TOTAL FUNDS 95,856 129,844 225,700 -14-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST DECEMBER 2022 14. MOVEMENT IN FUNDS- COnnUed Comparab've nel movement in funds, induded the above are as follows.. In¢omlng resources R•$ource$ •xp8nded Movement In funds Unrestrlcted funds General fund 761,387 1631,543} 129,844 TOTAL FUNDS 761,387 1631,5431 129,844 A current year 12 moF)Ihs and prior year 12 months combined posr(ion 18 85 follows.. Nat movemont In funds At 31.12.22 At 1.1.21 Unrestricted funds General fund 95.856 60,968 156,824 Restricted funds Reslricled 195,342 195,342 TOTAL FUNDS 95,856 256,310 352,168 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incomlng re8ource$ Rosources oxp•nded Movem•nt in funds Unrestricted fund$ General fund 1.325,912 {1,264,944) 60,968 Restrlcted funds Restricted 321,542 1126,2001 195.342 TOTAL FUNDS 1,647,454 11,391.1441 256.310 -15-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS . contirtued FOR THE YEAR ENDED 31ST OECEMBER 2022 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st December 2022. -1