REGISTERED CHARITY NUMBER: 517213 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR INDIAN MUSLIM PATEL SOCIETY Watergate5 Ltd 109 Coleman Road Leicester LES 4LE
INDIAN MUSLIM PATEL SOCIErY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Trustees. Report Independent Examiner's Report Statement of Financial Activitles Statement of Financial Posltion Notes to the Financlal Statements 7 to 13
INDIAN MUSUM PATEL SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31st De¢ember 2023. The trustees have adopted the provisions of Accounting and Reporting by Charilies.. Statement of Recommended Practi applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objedives and aims The charitys 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. religious festivals and running classes and courses on the Islamic faith. Additionally, the charity aims to advance education, provide social welfare facilities for leisure-time occupation, and improve living conditions for Dewsbury and neighbouring residents by maintaining the Zakaria Education Centre. Each year. the Steering Committee reviews the charitvs objectives and activities to ensure they align with the organisalion's faith and community goals. The trustees have also considered the Charity Commission's general guidance on public benefit and specifically its supplementary public guidance on the advancement of ligIon for the public benefrt. The charily maintains a dual purpose of providing a place of worship for Muslims and a community facility for Dewsbury residents. The long-tenn ambition is to bolster the self-confidence of Dewsbury Muslims in their faith. foster a peaceful and harmonious community, and achieve these goals through community activities and facilities. Significant activFties Throughout the year. the charity hosts several events, such as Open Days, school visits, and fundraisers. These events are designed to break down barriers of prejudice. reduce community tensions, and foster mutual understsnding. The mosque is open every day for prayers, welcoming regular attendees, occasional visttors and passers-by. During the holy month of Ramadan, the charity also provides provisions for those who wish to break their fast in congregation. Moreover, they assist families wilh a suitable location and an Imam to perfomi 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 Islamic awareness. Topics covered include charity. inherilance, divorce, preparation for Haj and Umrah {pilgrimage}, addiction and prevention. and Islamic manners. The charity also offers a variety of other beneficial programs. including first aid emergency training for the workplace. emergency paediatric first aid. a male hygiene course. guidance on su¢¢essful parenting. understsnding Islam and its challenges, a Muslim guide to family law. and mental heatth and wellbeing support. In addition, the ¢harity operates an after-school tuition hub where children can learn to recite and memorize the Holy Quran, as well as learn about the fundamentsl principles of Ihe Islamic faith. Publlc benefit The Trustees have given due Consideration to the Charity Commission's published guidance on the Public Benefrt Requirement. Volunteers We have a small number of volunte8rs who assist on an ad-hoc basis.
INDIAN MUSLIM PATEL SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE The Zakaria Education Centre and Zakaria Masjid have made significant achievements in providing essential spiritual, health, and welfare support throughout the year. especially during Covid-19 lockdowns and UK restrictions. In November 2021, the charity laun¢hed its first scouts. groLtp for 8-10 year-olds, and It 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 positlon The charity has a policy of maintaining unrestricted funds. which are not designated for a specific purpose. at a level equivalent to three to six months, expenditure. This level of reserves is believed by the trustees to ensure that the charity can continue its current activities in the event of a significant drop in funding while considering ways to raise additional funds. Reserves policy We aim to utilise the funds as soon as we identify suitable programmes or scolars. The funds the charity holds is to ensure that Ét has sufficient reserves to cover the costs of managing and administering the charity for the following year. The Trustees consider it prudent that the reserves should be sufficient for the charitys use. The Trustees have approved that all unrestricted reserves will be utilised in helping the charity achieve its objectives. Going ¢oncern Currently no GonmS about the charity continuing as a going concem. FUTURE PLANS The Trustees view the charity as a long temi evolving project with ils role in enhancing the Islamic faith in the Dewsbury area well into the future. They envisage donations and awards being maintained. They will continue to engage actively with the commLrnity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. The Charity is a charitable trust governed by a constitution adopted September 1968 as amended on 25 December 1985 and 12 January 1992. Recruitment and appointment of new trustees The board of trustees appoints new trustees, and they meet annually. with subgroups. including the executive committee, responsible for day-to-day management. These subgroups report to the management committee headed by Hfz Jabir Sheth. who approves any necessary a¢lions. The current trustees have an average age of over 70 and are responsible for recruiting new trustees. To ensure the continuity of the charitrfs mission, they have initiatèd a campaign to encourage younger members to join the board. In addition to financial management, the Trustees have also prioritized ensuring the charity has effective safeguarding poli¢ies and procedures in place and regularly review their implementation.
INDIAN MUSLIM PATEL SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisatlonal structure The board of Trustees of the charity are responsible for the charitys strategic direction. The board of Trustees meet on a temily basis to discuss the activities of the charity. The board of trustees are supported through the aid of volunteers who manage the daily wnnlng of the charity. Risk management The Trustees have conducted a thorough assessment of the charitys internal controls and determined that they offer adequate assurance that the charitvs assets are proteded. financial information is a¢curate, and the charity is fun¢tioning within its objectFves and adhering to relevant law5 and regulations. The charity has established policies, systems, and procedures to mitigate identified risks outlined in the annual review. In addition. the Trustees have conducted a review of the charitls adherence to applicable legislation and found no instances of non-compliance during the year. The charity has complied with the requirements of the Charities Act 2011 and the Financial Reporting Standard applicable in the UK. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 517213 Principal address 2 Chapel Street Savile Town Dewsbury WF12 9NQ Trustees Mr R Yusuf (appointed 121312023) Mr l E A Dalal (appointed 121312023) MrA U Patel Mr Y Gajra Mr E Ismail (resigned 121312023) Mr Y Vali (resigned 121312023) Independent Examiner Watergates Ltd 109 Coleman Road Leicester LE5 4LE Approved by order of the board of trustees on 18th March 2025 and signed on its behalf by. Mr Y Gajra - Twst86
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INDIAN MUSLIM PATEL SOCIETY Independent examlner's report lo the trustees of Indian Musllm Patel Society I report to the charity trustees on my examination of the accounts of Indian Muslim Patel Society (the Trust) for the year ended 31st December 2023. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5){b) of the Act. Independent examlner's statement Since your chariws gross income exceeded £250,000 your examiner must be 8 memb6r of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants. which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection wÈth the examination giving 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 wlth those records; or the accounts do not comply with the applicable requirements concerning the form 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 concerns and have come across no other matters in connection with the examination to which atlention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nazir Malida FCCA Watergate5 Ltd 109 Coleman Road Leicester LE5 4LE 18th March 2025
INDIAN MUSLIM PATEL SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 31112123 Total funds 31112122 Total funds Unrestricted fund R•stricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 313.367 183,622 496,989 886,067 EXPENDITURE ON Charitable actlvities Direct ¢osts 316.804 356,357 673,161 708,898 Other 54,118 54,118 50,703 Total 370,922 356,357 727,279 759.601 NET INCOMEI{EXPENDITURE) (57,555) (172,735) (230.290) 126.466 RECONCILIATION OF FUNDS Totsl funds brought forward 156.824 195,342 352,166 225.700 TOTAL FUNDS CARRIED FORWARD 99,269 22.607 121.876 352.166 The noles on page O form part of these financial statements
INDIAN MUSLIM PATEL SOCIETY STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2023 31112123 Total funds 31112122 Totsl funds Unrestrlcted fund RestrlGted fund Notes FIXED ASSETS Tangible assets 69,212 69,212 81,925 CURRENT ASSETS Debtors Cash at bank and in hand 94.094 40,827 94,094 63,434 142.958 257.757 22,607 134,921 22,607 157,528 400.715 CREDITORS Amounts falling due within one year {104,8fA) (104,864) {130,474} NET CURRENT ASSETS 30.057 22.607 52,664 270.241 TOTAL ASSETS LESS CURRENT LIABILITIES 99,269 22,607 121,876 352.166 NET ASSETS 99.269 22,607 121,876 352,166 FUNDS Unrestricted funds Reslricted funds 99,269 22,607 156,824 195,342 TOTAL FUNDS 121,876 352,166 The financial statements were approved by the Board of Trustees and aLrthorised for issue on 18th March 2025 and were signed on its behalf by.. Mr Y Gajra- Trustee The notes on page O form part of these financlal statement5
INDIAN IIIUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charty, which is a public benefit entity under FRS 102. have been prepared in arxordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to Gharities preparing their accounts in accordance wFth the Financial Reporting Standard applicable in th6 UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwse ststed in the relevant accounting policy noie(s). The functional currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates. The financial statements are also presented in pounds sterling, The amounts in the financial statements are presented to the nearest £1, unless otherwise stated. The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. 11 also requires management to exerGise judgement in applwng the charitys accounting policies. There are no significant areas requiring material judgements, estimates or assumptions. GOING CONCERN At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income wtll be received and the amount can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of Ihe amount. Income tax recoverable in relalion to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. The value of services provided by volunteers is difficult to PLrt a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102). EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constwctive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in setuement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of r8sources. Charitable expenditure comprises those Costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indire¢t nature necessary to support them.
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES - continued EXPENDITURE Governan costs include those costs associated wilh meeting the constitutional and slatutory requirements of the charity and include the accountancy fees and cost linked to the strategic management of the charity. All costs are allocated beeen the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating lo a particular activity are allocated directly, others are apportioned on an appropriate basis consistent with use of the resources. Grants offered subject lo conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. TANGIBLE FIXED ASSETS Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so 8$ to write off the cost or valuation of assets less their residual values over their useful lives on the following basis- Plant and equipment= 10 /0 Straight line The gain or loss arising on the disposal of an asset is delermined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Impainnent of fixed assets At each reporting end date. the charity reviews the carrying amounts of rls tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). TAXATION The charity is exempt from tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trusteès. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for partiGular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements. EMPLOYEE BENEFrrs The cost of any unused holiday entitlement is recognised in the period in which the employee's services are re¢elved. Termination benefits are recognised immediately as an expense when the charity is demonstrably Committed to terminate the employment of an employee or to provide termination benefits.
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the charit$ accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Th6 estimates and associated assumptions are based on historical experience and other factors that are ¢onsidered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate Is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees. remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022. TRUSTEES. EXPENSES There were no trustees, expenses paid for the year ended 31st December 2023 nor for the year ended 31 st Dember 2022. STAFF COSTS The average monthly number of employees during the year was as follows: 31112123 59 31112122 80 Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 564.525 321,542 886,067 EXPENDITURE ON Charitable activities Dirgct costs 582,698 126.200 708,898 Other 50,703 50.703 Total 633,401 126,200 759,601 NET INCOMEI(EXPENDITURE) (68.876) 195,342 126,466
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restrlcted fund fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 225.700 225,700 TOTAL FUNDS CARRIED FORWARD 156,824 195.342 352,166 TANGIBLE FIXED ASSETS Plant and machlnery COST At 1st January 2023 and 31st December 2023 124,187 DEPRECIATION At 1st January 2023 Charge for year 42,262 12,713 At 31st December 2023 54,975 NET BOOK VALUE At 31st Dernber 2023 69,212 Al 31 st December 2022 81,925 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112123 31112122 Trade debtors 94,094 142.958 -10-
INDIAN MUSLIM PATEL SOCIErY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112123 31112122 Other Creditors 104,864 130,474 MOVEMENT IN FUNDS Net movement In funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 156,824 (57.555) 99,269 Restricted funds Restricted 195,342 (172,735) 22.607 TOTAL FUNDS 352.166 {230,290) 121,876 Net movement in funds, included in the above are as follows.. Incomlng resources Resources expended Movement in funds Unrestri¢ted funds General fund 313,367 (370.922) {57,555) Restricted funds Restricted 183,622 (356,357) (172,735) TOTAL FUNDS 496,989 (727,279) {230,290} Comparatives for movement in funds Net movement In funds At 31.12.22 At1.1.22 Unrestricted funds General fund 225.700 (68,876) 156,824 Restricted funds Restricted 195,342 195.342 TOTAL FUNDS 225,700 126,466 352,166
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 MOVEMENT IN FUNDS - continued Comparalive net movement in funds, included in the above are as follows: Incoming resources Resources expended Movpmont In funds Unrestrlcted funds General fund 564,525 (633.401) (68.876) Restricted funds Restricted 321.542 {126,200) 195,342 TOTAL FUNDS 886,067 (759.601) 126,466 A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 225,700 (126,431) 99,269 Restricted funds Restiicted 22.607 22.607 TOTAL FUNDS 225.700 (103,824) 121,876 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incomlng resources R950urces expended Movement sn funds Unrestricted funds General fund 877,892 (1,004,323) (126.431) Restrlcted funds Restricted 505.164 (482,557) 22,607 TOTAL FUNDS 1,383,056 (1.486,880) {103,824) -12-
INDIAN MUSLIM PATEL SOCIETY NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31ST DECEMBER 2023 10. RELATED PARTY DISCLOSURES There were no related party Iransactions for the year ended 31st December 2023. -13-