ABU BAKR MASJID TRUST

Registered Charity Number: 106403.4Address: 330 Oxford Road, Reading

RG30 1AFWebsite: info@abmreading. org

STRUCTURE, GOVERNANCE and MANAGEMENT:

Tl.;e Trust was established by trust deed dated 24'" June 1997as amended by deed of variationon 14'" July 1997.The Trust was registered with the Charity Commission on 19'"August 1997.

The Trustees present their annual report and financial statements for the year ended 31"March 203.6. The Trustees who served during the year and up to the date of this report are;

— Mr Mohammad Saood- Mr Jawed lqbal— Mr Mohammad Tariq—Mr Ahmed Gaffar— Dr Ali Asghar

Appointment of new Trustees:M mbers of the existing board of trustees suggest a few names and those agreed upon by

majority are appointed. The board agreed to appoint a new Trustee as below;

—Mr Khalid Mahmood

The Trust was established with the intention of building a purpose built Islamic Centre in thewest of Reading to promote the teachings of Islam, provide Islamic education to the Muslim

community and other charitable services which are beneficial to the wider communityincluding the facilities for congregational prayer in the Borough of Reading and to provideotner facilities in the interest of social welfare to those who have a need.

During the year, the Trust continue to provide services in accordance with the objectives andto raise funds by collections and donations to enable improvement and further developmentof the Centre.

PROGRESS:

The Centre has been operational for over three years now when it opened to provide facilitiesfor prayers, in beginning of 2014, evening school (Madrassah) was opened for children toprovide Islamic education and Arabic language.

Most of the building work has been completed with only minor items and general updatesand maintenance work which is still ongoing. During the year, the Trust managed to purchasea 3-bedroom property with the intention to accommodate full time staff and to recruit and

retain high calibre imams.

IFUNBRAISING".

W continue to fundraise, primarily from the congregation during Juma' and Ramadan in

particular. We have also continued the process of raising additional funds to return theinterest free loans that people have so generously given.

TRUSTEES REPORT FOR THE YEAR END 31 MARCH 2017:

The Trust has regular donations coming through the standing orders plus weekly collectionsfrom community on Friday prayer. it is envisaged that this regular funding will continue intothe foreseeable future.

lt is the Trust policy that unrestricted funds which have not been specifically designated for aspecific use should be maintained at a level above three to six months expenditure, TheTrustees consider reserves at this level will ensure that, in the event of a significantunexpected drop in donations, they will be able to continue the Trust's current activities whileconsideration is given to ways in which additional funds may be raised. The level of reservesmaintained throughout the year was above this minimum level, however the bank balancehas slightly decreased since the previous accounts. The reduction in the bank balance is mainlyd, e to the purchase of additional property during the year which was partly funded by theTrust and partly through interest free loan.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees Annual Report and the financialstatements in accordance with applicable law and United Kingdom Accounting Standards(United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the Trustees to prepare financialstatements for each finanrial year which give a true and fair view of charity and of theincoming resources and application of resources of the charity for that year. !n preparing thesefinancial statements the Trustees are required to:

select suitable accounting policies and then apply them consistentlyobserve the methods and principles in the Charities SORPmake judgements and estimates that are reasonable and prudentstate whether applicable UK Accounting Standards have been followed, subject toany material departures disclosed and explained in the financial statements andprepare the financial statements on the going concern basis unless it is inappropriateto presume that the Trust will continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose withreasonable accuracy at any time the financial position of the charity and enable them toensure that the financial statements comply with the Charities Act 1993,2006 and 201 1- andth. Charity (Accounts and Reports) Regulations 2008. They are also responsible forsa I'eguarding the assets of the charity and hence for taking reasonable steps for the preventionand detection of fraud and other irregularities.

On behalf of the board of Trustees

ABU BAKR MASJID READING

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2017

INCOME:Donations including charities aid, hmrc + paid direct into bankDonations including charities aid, hmrc + paid direct into bank DonationMadrassa fee receivedFitrana receivedRent received 332 Oxford Road ReadingLoan receivedDeposit received 332 Oxford Road ReadingTotal Funds availableExpenses during the year-includes repaymt of Loan(Fk)Net surplus / (deficit)-Total funds available

158934.595300.00

72005.004397.893000.00

50000.001100.00

294737.48-158186.21136551.27

ABU BAKR MASJID READING

BALANCE SHEET

AS AT 31 MARCH 2017

FIXED and CURRENT ASSETS:Property purchased 332 Oxford Road ReadingBalance at bankTOTAL ASSETS

REPRESENTED BY:

238221.08133110.24371331.32

Income and expenditure account b/f from last year (31.03.2016)Income and expenditure account for the current year (31.03.2017)Income and expenditure a/c — c/f to next year 2018

234780.05136551.27371331.32

Signed as Approved:

ACCOUNTANTS' REPORT

In accordance with instructions given to us we have prepared, without carrying out an audit,the annexed Income and Expenses Account for the year ended 31 March 2017 from the books,records and information and explanation supplied to us, and hereby report the same to bein accordance therewith.

KAMAL 8 CO(Chartered Mg mt Accountants)461 Oxford RoadReadingRG30 1HDTel: (0118) 958 7720

234780.05294737.48

396407.29133110.24

OP BALPD IN

PD OUTBAL C/F

529517.53 529517.53BAL B/F 133110.24

Ba'n@„,Reconcllration 31/03/17