REGISTERED CHARITY NUMBER: SC013142 Re ort of th& Truste8s and Audited FinanThal Ststements for the Year Ended 31 March 2024 Jamiat lttihad-ul-muslimin Arxountants Plus (Hamilton) Lld TIA Accountants Plus Statutory Auditor Second Floor Airbles House 270 Airbles Road mother?11 ML13AT
rniat Ittihadl-MUsl1mln Contents of the Finan¢t81 Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Auditors 4 to 7 statement of Finanaal Activittes Balance Sheet Cash Flow Statement 10 Notes to the Cash Flow Statement 11 Notes lo th8 Financial Statements 12 to 19 Detailed Statement of Financial Aciivities 20 to 21
iat lttihad-Ul-Mu51i Re ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the finanal statements of the charity for th8 year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitl8s: Stat8m8nt of Recommended Practi* applicable to ¢harrtEs preparing their aGGounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff8ctiv8 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The aims and objectives of the Jamial lttihad Ul Muslimin are: - To prowde a meeting pla for ethnic minority groups settled in and around Glasgow. To prornote a greater awareness of religion and edution by hokling various classes and lectures on topics affecting the communty. - To promote the language skills of the various ethnic Minorit groups in and around Glasgow. - To provide a platton for the issues conceming the ethnic minoiities. - To promote ethnic arts and skills. To increase awareness of the advantages of education and to help ethnic minority groups improve their standard of life through communty education. FINANCIAL REVIEW Prlnclpal fundlng sources The main SOU of incom6 continues to be by way of collections and donations from the congregation. Other sources of income include fijnerals: sthool fees, kitthen and hall lets and car park fees. Incoming rèsouros in 2024 re £1,579,233 compared to £1.616,101 in 2023. Resources expended were £1,570,620 compared with £1.879.871 in 2023. Net incoming resources were £8,613 (2023.. Nel outgoing £63.770). Reserves policy The Executive Committee has examined the chatitys requiremenls for reserves in light of the main risks to the organisation. It has established a policy in line with charity regulation guidelines whereby th& unre$tri¢ted revenue funds not Commttted or invested in tangible fixed assets held by the charity should be 3 months of the current annual experKliture. The target level is therefore £265.000. The present level of unrestricted funds, exduding designated funds, available to the charity are £518,949 which is the equivalent of 25 weeks expenditure. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document The charity is controlled by ts goveming d0Ment. a deed of trust and constitutes an unincorporated charity. Racrultmant and appolnthient of naw trustees In accordance with the Constitution the members of the Executive Committee shall be elected 2-yeady at the Bi-Annual General meeting of the members by the majortty of votes of those present and shall hold Offi until their successors are appointed at the next Bi-Annual General Meeting. Pag8 1
Jamlat Iitl slimin of the Tru Y r Ended 31 Mard) 2024 fort STRUCTURE. GOVERNANCE AND MANAGEMEKr Organlsatlonal structuro The Executs've Committee meet at least once a month throughout the year lo administer the charity. They have pjwer to apwint SFecial or sub-commrtlees for speafic purposes and mem1rS of Ihe Society not membets of the Committee may I appointed members of such SUbCOmMittees. Title to all heritable propert$ of the tharity has b&n vested in the PrortY TNstees tho regulate Ihe use and occupation of the proFerties vested in them. They are also responsible for the maintenance, repair, rèfurt4shrnent arKI renewal of the Fxoperties. They cannot dispose, lease or Charge with debt any property except with the prior approval of a resolLrtion supported by thre8 quarters ol the membens. Induction and trainlng of new trustees It is a policy that new members of the Executive Comrntttee attend a short induction and training session where they are briefed on the content of the Constitution, the decision making wo&8, the business plan and recent financial performance of the Gharity. Risk management It is a policy that the Exe(yJtive Committee have a risk management strategy vthich comprises: - an annual review of the risks the chaiity may face; - the estatlishment of systems and prdureS to mitigate those risks identified: and - the lrnplementab'on of prOdureS designed to minimise any fx)tential Impaca on th8 charity should Ihose risks materialise. REFERENCE AND ADMINISTRATIVE DEfAILS Reglstered Charfty nUMr SC013142 Prlncipal addres8 1 Mosque Avenue Off Ballaler Street Glasgow G5 gTA ste Page 2
Jamial Ittihad-ul-muslirnin rt of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Accountsnts Plus (Harnin) Ltd TIA Accountants Flus statutory Auditor Second Floor rbles House 270 Airble8 Road Motherw811 ML13AT Bankers Bank of Scotland 167 - 201 Argyle Street Glasgow G2 8BU STATEMENT OF TRUSTEES. RESPONSIBILITIES The IrLSStees are responsibk for preparing the ReFJOrt of the Trustees and the flnanclal 8tat6ments in accordan with applicable law and UniteA Kingdom Accounting Standanls (United Kingdom Generally Accepted Accountlng PracUc*}. The law applicable to tharities in Scotland. the Charities and Trust Inve8tment (Scotland) Act 2005, Chariti8s Accounts (ScolarKI) R8gulations 20C6 (as amended) and the provision5 of the tharittys constitukn'on, requires the trustees to prepare financial statements for eadi financAal year hich gNe a true and fair view of the state of affairs of the charity and of the incoming resour$ and application of resources, including the income and expendiiure, of tha charlty for that p&riod. In preparing those financial statements. the trustees are reqUId to select suitable accountlng poliaes and then apply them conslstenty. obseNe the methods and princAples in the Charity SORP., make judgements and estimales that are reasonable and prudent., stale whether applicable accounting standards hav8 bean followad. subjoct lo any material departure8 disclosed and explained in the financial statements., prepare the financid statemenls on the going concem basis unless it is inapprowate to presume that the charity will continue in business. The trustees are resFonsible for keeping rxoper accountrng COrdS which disclose wth reasonable ac(#Jracy at any time the financial position of the charty and to enable them to ensure that the financial statements comply wtth ts ChartlK8S Trustee Invéstment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2(K16 {as aTnended) and the provisions of Ihe charitls constitution. They are also respon8ible for safeguarding the a888t8 of the tharity and hgnce for taking reasonable steps for the prevention arKJ detection of fraud and other irregularitie8. Approved by order of the board of trustees on ...... tr£half by= and signed on its Page 3
ort of the Inde ndent Auditors to the Trustee8 of Jamiat lttihad-ul-muslimin Oplnion We hav8 audited the financial stataments of Jamiat lttiha&UI-Muslimin (the 'tharity') for year ended 31 March 2024 which comprise the Statement of Financial Actwities, the Balance Sheet, the Cash Flow Statement and notes lo the financial statements. induding 8 summary of significant accounting policies. The fsnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢countirvJ Standards (Unrted Kingdom Generalty AKepted Accounting practi}. In our opinion the finanoal statements.. give a true and fair view of the state of the tharity's affairs as at 31 Marc* 2024 and of its incoming resources and application of resources, for the year then ended. have been propedy prepared in accordance with United Kingdom Generally AcLepted Accounting Practice" and have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scolland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) RegulatIor 20(. Bas18 for opinion We conducted our audit in accordan Kryth Intemational Standards on Auditing (UK) (ISAS (UIQ) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirements. We believ& that the audit evidence we have obtaingj is suffi(aent and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statements, we have concluded that the trusl8es' use of the going conrn basi8 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, have not identrfied any material uncertairf(ies relating to events or condib'ons that, individually or collectively, may cast significant doubt on the ¢hariVs ability to Continue as a going concem for a period of at least twelve months from when the financial statements are authorised for rssue. Our responsibilities and the responsibilities of the trustees with tesFEct to going concem 8re descrlbed In the relevant sections of this report. Other infonnatton The trust88s are responsible for the other infomiation. The other information comprises the infomiation induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial ststements does not Cover the other information and, expt to th8 extent otherwis6 explicitly stated in our report. we do not express any fomi of assuran condusion thereon. In conneLXion with our audit of the finanaal statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financAal statements or our knowledge obtained in the audit or otherwise appears to be materially mlsstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financtal statements themselves. ff. based on the work we have performed, we condude that there is a material misstatemerrt of this other infomation, we are required to report that fact. We have nothing to report in this regard. Page 4
ort of the Inde ndenl Auditors to the Trustees of Jamiat lttihad-ul-muslimin Matters on which wa are requlred to report by exceptlon We have nothing to rep)rt in resped of the following matters where the Charities Account8 (Scolland) Regulations 2006 requires us to report to you if, in our opinion- the information given in the Report of the Trustees is inconsistent in any material r8spect with the financial statements., or proper a¢¢ounting records have not been kept" or the finanGial statements are not in agreement with the accounting records and r8tums,' or we have not reiVed all the infomiation and exptanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of TrUstS, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of finanaal statements that are free from material misstatement, vthether due to fraud or emr. In preparing the financial statements, the trustees are responsible for assessing the charitvs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conc6m basis of accounting unless the tnjstees either intend to liquidate th& charity or to cease operations, or have no realistic altemative but to do so. Page 5
Re ort of the Inde ndent Auditors to the Trustees of mial Ittihad-ul-muslimin Our responslblllties for the audlt of the financlal statements We have been appointed as auditors under Sedion 44(1)(c) of the Charities aThJ Tru8tee Investment (Scotland) Act 25 and report in accordan with the Act relevant regulations made or having effect thereur¥Jer. Our objeclives ar& to obtain reasonable assurance about %thether the financial statements as whole are free from material misstatement, whether due to fraud or error, arKI to issue a Report of the Independent Audilors that inrludes our opinion. Reasonable assurance is a high Ve1 of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UIQ will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The exlent to which our pr(K&Jures are capable of detecting irregularities, including fraud Is detailed below.. Irregularities, induding fraud, are instances of norrf0mpl1an with laws and regulations. We design procedures in line wth our reswnsibilities, outlined above, to detect material misstatements in respect of irregularities, induding fraud. The extent to leh our prOdureS are Gapable of detedng irregularthes, including fraud is detailed l)etw. The objectNes of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error, to obtain sufficient appropriate audrt evidence regarding the assessed risks of material misstatement due to fraud or error. and to respond appropriatefy to those risks. The key factors impacting the deleclion of iffegularities are th8 inherent drficulty In detecting irregularities, the effectiveness of the charity's controls and the natur8, timing and extent of the audit procedures performed. We note that rt can be harder to detect irregularittes arising dua to fraud as thay may involve deliberate COnalment or ¢ollusii)n. We focused on laws and regulations that could give rise to a material misstatement in Ihe financial statements Induding, but not limited to, the Charities Accounts {S¢otland> Regulat'ons 2006 (as amended). the Charities and Trustee Investment (Scotland} Act 2005 and signrficant regulations relating to sector in which the charty operates. Our procedures in relation to fraud and irregulaiities induded l)ui were not limited to.. Inquiries of management whether they have knovAedge of any aGtual, suspected or alleged fraud. Gaining an understanding of the legal and regulatory framèworf( through discussion with management and identrfying how the charity ensures Complian through a review of systems. Assessing the colleclive ability of the audrt team to identfy or reccgnise non-complian with laws and regulations. We identified the following as significant and regulations for this charity Scottish charity regulations. Gaining an understanding of the intemal corrtrols estsblished to mitigate risk related to fraud. Making an assessment of the SUsptibIIrtY of the charivs financial statements to material misstatement Carrying out a review of accounting systems ar¥J procedure and making an assessrnent on the effectiveness of its control environment. Page 6
Re rt of the Inde endent Auditors to the Trustees of Jamiat lttihad-ul-muslimin Identifying the prinopal risks where fraud could take place eg posting manual joumal entriès to manipulate financial perfonnance, management bias through judgem8nts and assumptions in significant accounb'ng estimates and significant onethoff or unusual transaclion. Discussion of these matters by the audit team. Review of board minutes arKJ relevant corr6spond8nc8 with regulators and legal advisors. Agreement of the finanaal statement disclosures to underlying supporting documentation. The primary responsibilty for the prevention and detection of irregularities induding fraud r8Sts with both those charged vrith govemance and management. Owing to the inherent limitations of an audit. there is an unavoidable risk that material misstatements in the financial statements may not be detectejj, even though the audit is prO[rtY planned and perfonned in accordance with th8 ISAS (UK). In particular, the MO rernoved from the finanGial transactions, the less likely it ts that we would become aware of non-compliance with laws and regulations. As a result of our procedures, VR did not identify any key audit matters relating to irregularities. A further description of our responsibiliiies for the audit of the finanal statements is located on the Financial Reporting Council's vlebsite at wKw.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Indep8ndent Auditors. Uso of our report This report is made solely to the Charitys trustees. as a body, in accordance wrfih Regulation 10 of the Charities Accounts {Scotland) Regulations 2CM)6. Our audit work has been undertaken so that we might state to the chariws trustees those matters we are required to state to them in an auditors, rewrt and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the charity and the charitys trustees as a body, for our audrt work, for this report, or for the opinions we have formed. Accountants Plus {Hamilton) Ltd TIA Accountants Plus Statutory Auditor Second Floor Airbles House 270 Airbles Road MOtheell ML13AT Page 7
Jamial lttihad-ul-muslimin Statemènt of FinanGlal Admties for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricled Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legaoes 1.215,697 363,536 1,579,233 1,616,101 EXPENDITURE ON Charitable actlvities General 1.455,320 115.300 1.570,620 1.679,871 NEf INCOMEI(EXPENDrruRE} {239,623) 248,236 8,613 163,770) RECONCILIATION OF FUNDS Total funds Lyought forward 9,231.373 54,153 9,285,526 9,349,296 TOTAL FUNDS CARRIED FORWARD 8,991,750 302.389 9,294,139 9,285,526 The notes forni part of th8s8 financial sL2tements Page 8
Jamial lttihad-u1usI1MIn Balance Sh68t 31 March 2024 31.3.24 Total fvnds 31.3.23 Total funds Unrestricted Restricted funds FIXED ASSETS Tangible assets 8.358.516 8,358,516 8,366,069 CURRENT ASSETS Debtors Cash at bank and in hand 461,637 283,561 461,637 585,950 480,811 598,287 302,389 745,198 3Q2,389 1,047,587 1,079,098 CREDITORS Amounts falling due within one year 10 (111,W) (111,984) (159,641 > NET CURRENT ASSETS 633,234 302.389 935,623 919,457 TOTAL ASSETS LESS CURRENT UABILITIES 8,991.750 302.389 9,294,139 9,285,526 NEf ASSETS 8,991.750 302,389 9.294,139 9,285,526 FUNDS Unrestricied funds Restricted funds 11 8,991,750 9,231,373 302,389 54,153 TOTAL FUNDS 9,294,139 g,285,526 The financial statements were approved by the Board of Trustees and 2Uthorised for issue on . and were stgned on it8 half ty: The noles form part of these financial staternents Page 9
Jamiat lttihad-ul-muslimin Cash Flow"Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operating a¢tlvltles Cash generated from operalions 372,689 174,734 Net cash provided by operating acbvities 372,689 174,734 Cash flows from investlng activities Purchas8 of tangible fixed assets (385,026) {61,814} Net cash used in investing activtties (385,026) (81,814) Change in cash and cash aquivalents In the reportlng period Cash and cash equlvalents at the beglnning of the reporting period (12,337) 112,920 598,287 485,367 Cash and cash equivalents at the end of tho reporting period 585,950 598,287 The notes fomi part of these financial statements Page 10
Jamiat lttihad-ul-muslimin Notes to the Cash How Statement for the Year Ended 31 March 2024 RECONCILIATION OF NEf INCOMEI{EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIWTIES 31.3.24 31.3.23 Net incomel(expendlture} for Ihe reporttng perlod (as per the Statement of Flnanclal Activities) Adjustments for: Depreciation charges Decreasel(increase) in debtors (Decreaseifincrease in creditors 8,613 (83,770) 392,578 19,174 (47,676) 372,956 {235,736) 101,284 Net cash provlded by operations 372,689 174,734 ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 598,287 (12,33n 585,950 598,287 (12,337) 585,950 Total 598,287 (12,337} 585,950 The notes fonn part of these finanoal statements Page 11
Jamiat lttihad-ul-muslimi Notes to the-Financial Statement8 for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financlal statsments The financial statements of the charity, which is a putAic benefft entity under FRS 102, have been prepared in accordan wtth the Charit6 SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in acGordano with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102> (effective 1 January 2019)., Finanal Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and the Charities and Trustee Investment (Scotland) Act 2fxi5. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of FinanrAal Activities On the charty h8S entrtlement to the funds, tt is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Liatm'lrties are recc*Jnised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits 11 be required in settlement and the amount of the obligation ran be measured reliably. Expenditure is aGGounted for on an accnjais basis and has been dassified under headings that aggregate all cost related lo the c2tegory. Where costs cannot be directly attril)uted to particular headings they have been allocated to actiVitS on a basis consistent with the use of resources. Tanglble flxed assots Depreciation is provided at the following annual rates in order to vKAte off each asset over its estimated useful life. Freehold property Fixtures and fittings Motor vehicles 4% on cost 25% on redurang balance 25% on r8ducing balance Taxation Tha charity is exempt from tax on tts charitable actDiiti8S. Fund accountlng Unrestricted funds rAn be used in accordance with the charttable objectives at the discretion of the trustees. Restrirted funds can only be used for particular restricted purposes wthin the objects of the charty. Restrictions arise when speafied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of eath fund 18 Includ6d in the notes to the financial statements. Hire purchase and leasing commibnents Rentals paid under operating leases are charged to the Statement of Financial Activities on straight line basis over the p8riod of the lease. Page 12 ontinued...
Jamiat ItlihadJJl-Muslimin Notes to the Financtal Stalem8nts - contin for the Year Ended 31 March 2024 AccoufrifiNG POLICIES - continuad Pension costs and other post-rotlrement beneffts The charity operates a defined contribution pension scheme. Contrlbutions payable to the chartys pension sch8me arè charged to the Statement of Financial ActiMties in the period to which they relate. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Charrty appeals Car park donations Subscriptions Hall lets Funeral services Education fees Education rnplex 445,632 127,070 69,159 5,584 456,045 370,292 83,529 21,922 428,905 102,908 43,843 556,646 386,840 89,834 7,125 1,579,233 1,616,101 CHARITABLE ACTivrtlES COSTS Support costs (soe note 4} Direct Costs Totals G8neral 846,560 724,060 1,570,620 SUPPORT COSTS Governance Management Totals General 702,749 21,311 724,060 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, exFenses paid for the year ended 31 MarGh 2024 nor for the year ended 31 March 2023. Page 13 continued...
Jamiat lttihad-ul-muslimin Notes to the-Financial Statements- corrtin for the Year Ended 31 March 2024 STAFF COSTS 31.3.24 31.3.23 Wages and salaries Socral security costs other pension costs 275,534 3,933 2,305 277,990 3,002 2.080 281,772 283,072 The average monthty numter of employees during the year was as follows.. 31.3.24 37 31.3.23 42 Imams, teachers and support staff No employees received emoluments in excess of £60,OIJJ. COMPARAT1VES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted Restricted funds funds Total funds INCOME AND ENDoWMEfS FROM Donations and legacies 1.327.605 288.496 1,616,101 EXPENDITURE ON Charitable a¢tivllles General 1,425,080 254,791 1,679.871 NET INCOMEI{EXPENDITURE) Transfers between funds (97,475) 22,822 33,705 (22,822) {63.770) Net movement In funds (74,653) 10,883 (63,770) RECONCILIATION OF FUNDS Total funds t*ought forward 9.3(A,026 43,270 9,349,296 TOTAL FUNDS CARRIED FORWARD 9,231,373 54,153 9,285,526 Page 14 continued...
Jamiat lttiha&UI-Muslimin Noles to the Finanaal Statements- continued for the Year ErKl8d 31 March 2024 TANGIBLE FIXED ASSETS Fixtur8S and frttings Freehold property Motor vehicles Totals COST OR VALUATION At 1 April 2023 Additions 9.380,1)JO 339,026 85,240 34,300 9,499,540 46,000 385,026 At 31 March 2024 9.719.026 85,240 80,300 9,884,566 DEPRECIATION At 1 April 2023 Charge for year 1,079,200 364,761 25.702 14,885 28,569 1,133,471 12,933 392,579 At 31 March 2024 1,443,961 40,587 41,502 1,526,050 NET BOOK VALUE At 31 March 2024 8,275,IA5 44,653 38,798 8,358,516 At 31 March 2023 8,300,8(K) 59,538 5,731 8,366,069 InGluded in cost or valuatton of land and tlIdingS is freehold land of £6LY),000 (2023 £600,000) vthich is not depreciated. Cost or valuation at 31 March 2024 is represented by: FureS and frttirvJB Fr8ehold property Motor vehicles Tolals Valuation in 2013 Valuation in 2021 Cost 5,080,C) 4,300,0 339,026 5,080.Cw)O 4,300.WO 504.566 85,240 80,3(KJ 9.719,026 85,240 80,300 9,884,566 Freehold laTrJ and buildings were valued on a fair value basis on 16 August 2023 by D. M. Hall. Page 15 continued...
Jamiat lttihad-ul-muslimin Notes to the Financial Ststem8nts - contlnuetl "- for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 409,755 51,882 15,941 464,870 461,637 480,811 10. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Taxation and social security other creditors 35,771 1,301 74,892 37,562 1,487 120,592 111,964 159,641 11. MOVEMENT IN FUNDS Net movement in funds Transfer8 been funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund Fixed Assets Education Complex 454,941 8.366.069 410,363 131,034 (392,579) 21,922 {67,026) 518,949 385,026 8,358,518 (318,000) 114,285 9.231.373 (239,623) 8,991,750 R85trfcted funds Pakistan Appeal Turkey Appeal Fitrana lftari Poverty Relief donations Zakat & Sadaqha Palestine Appeal Libya Morocco Appeal 1,053 6,707 8,714 13,398 1,574 97,480 99,446 19,864 1,053 6,707 13,442 26,002 15,832 120,043 99,446 19,864 4.728 12,604 14,258 22,3 54.153 248,236 302,389 TOTAL FUNDS 9,285,526 8,613 9,294,139 Page 16 continued...
Jamiat lttihad-ul-muslimin Notes to the FinancAal Statements - continued for the Year Ended 31 March 2024 11. MOVEMEKf IN FUNDS- contlnued Net movem8nt in funds, indud8d in the atK)ve are as follows: Incoming Resources Movement resources expended in funds Unrestrlctsd funds General fund Fixed Assets Education Complex 1.193,776 (1,062,742) 131,034 (1) (392,578) (392,579) 21.922 21,922 1.215.697 {1,455,320) (239,623} Restrlcted funds Pakistan Appeal Turkey Appeal Fitrana lftari Poverty Relief donations Zakat & Sadaqha Palestine ApFeal Libya Morocco Appeal 1,053 6,707 33,547 1,053 6,707 8,714 13,398 1,574 97,480 99,446 19,864 (24,833) (46,667) (20,063) (23,73n 21,637 121.217 19,864 363,536 (115,300) 248,236 TOTAL FUNDS 1.579.233 (1,570,620) 8,613 Page 17 continued...
Jamiat lttihad-ul-muslimin Notes to the Financial Statements - contsnuéd-- -- for the Year Ended 31 Marth 2024 11. MOVEMENT IN FUNDS - contlnu C¢xnparatlves for movement in funds N8t movement in funds Transfers btheen funds At 31.3.23 At 1.4.22 Unrestricted funds General fund FÈxed Assets Education Complex 225,577 8.677,211 403,238 268,356 (372,956) 7,125 (38,992) 454,941 61,814 8,366,C69 410,363 9,3.028 (97,475) 22,822 9,231,373 Rostricted funds Islamic Relief Paknstan Appeal Turkey Appeal Fitrana lftari Poverty Relief donations Zakat & Sadaqha 43,270 143,270) 11,813 8,635 (11,813) (8,635) 4,728 12,604 14,258 22,583 4,728 12,604 14,258 22,563 43.270 33,705 (22,822) 54,153 TOTAL FUNDS 9.349.296 (63.770) 9,285,526 Comparative net movernent in funds, in¢lLkled in the above are as follows: Incoming Resour$ Movement resourS expended in lunds Unrestricted funds General fund Fixed Asset5 Education Complex 1,320.480 (1,052,124) 268,356 (372.956) (372.956) 7,125 7.125 1,327.605 (1,425,080} (97,475) Restricted funds Pakistan Appeal Turkey Appeal Fitrana lflari Povety Relief donations Zakat & Sadaqha 43.187 59.721 23.123 27,537 24,461 110.467 (55.000} (68,356) (18.395) (14,933) (10,203) (87.904) (11,813) (8,635) 4,728 12,604 14,258 22,563 288,496 (254.791) 33,705 TOTAL FUNDS 1,616.101 (1,679,871) (63,770) Page 18 continued...
Jamiat lttihad-ul-muslimin Notes to the Financial Statements- continued for the Year Ended 31 March 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 19
Jamiat lttihad-ul-muslimin Detailed Statement of Financial-Activitie-I'- for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacles Donations Charity appeals Car parf( donations Subscriptions Hall lets Funeral services Education fees Education complex 445,632 127,070 69,159 5,584 456,045 370,292 83,529 21,922 428,905 102,908 43,843 556.646 386,840 89,834 7,125 1,579,233 1,616,101 Totsl Incomlng resources 1,579,233 1,616.101 EXPENDrruRE Charitable activltles Wages Social securty Pensions Other operating leases Welfare costs Food packs Charity donations Education costs Sub Contractors 275,534 3.933 2.305 520 339,129 20,C63 98,568 1.C61 105.447 277.990 3.002 2,080 370,066 77,867 176,924 5,353 165,899 846,0 1,079,181 Support costs Management Rates and wat8r Insuran Light and heat Telephone Postage arKI stationery Advertising Sundries Cleaning Repairs & maintenan Bank charges Carried fOard 11.316 15,268 144,257 5.124 13,023 14,338 113,991 3,785 3.431 1,210 13.268 24.510 55,988 8.083 280.019 7,515 12.613 36,190 9,828 214.714 This page does not form part of the statutory financial stat8ments Page 20
amiat lttihad-ul-musli Detailed Statement of Financial Activitias for the Yéar Ended 31 Mar¢h 2024 31.3.24 31.3.23 Managèment Brought forward Consulting Depreriation of tangible and heritage assets 280,019 30,152 214,714 392,578 372,956 702,749 587,670 Governance costs Auditors, remuneration Auditors, remuneration for non audit work Accountancy and legal fee5 8,870 2,592 9,849 3,600 780 21,311 13,020 Total resOUrS expended 1,570.620 1,679,871 Net incomellexpendlture) 8,613 (63,770) This page does not fonn part of the ststutory financial statements Page 21