Charity Registration No. 1005837
Makki Madrassa Trust
Financial statements
For the year ended 28 February 2021
Makki Madrassa Trust Contents
For the year ended 28 February 2021
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Independent Examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the financial statements | 5- 6 |
Makki Madrassa Trust Legal and administrative information For the year ended 28 February 2021
| Trustees: | Amjid Khan |
|---|---|
| Mohammed Akhtar Ashraf | |
| Shahid Jamil | |
| Abdul Rashid | |
| Chairman: | Mohammed Akhtar Ashraf |
| Charity number: | 1005837 |
| Registered office: | 75 Stafford Road |
| Handsworth | |
| Birmingham | |
| B21 9DU | |
| Accountants: | 1st Choice Accountants |
| 94 Grove Lane | |
| Handsworth | |
| Birmingham | |
| B21 9HA |
Page 1
Makki Madrassa Trust Independent Examiners' Report For the year ended 28 February 2021
We report on the accounts of the Charity for the year ended 28 February 2021, which are set out on pages 3 to 6.
Respective responsibilities of the trustees and examiner
The charity’s members are responsible for the preparation of the accounts. The charity’s members consider that an audit is not required for this year (under section 4144(2) of the Charities Act 2011) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts (under section 145 of 2011 Act);
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5) of 2011 Act); and
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to state whether particular matters have come to our attention.
Basis of the independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of our examination, no matter has come to our attention:
-
(1) which gives us reasonable cause to believe that in, any material respect, the members have not met the requirements to ensure that:
-
Proper accounting records are kept (in accordance with section 130 of the 2011 Act); and
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
1st Choice Accountants 94 Grove Lane Handsworth Birmingham B21 9HA
Page 2
Makki Madrassa Trust
For the year ended 28 February 2021
Statement of Financial Activities including Income and Expenditure Account
| Notes Government grants Total incoming resources Resources Expended Governance costs and expenditure 2 Total expenditure Net movement in funds Funds balances at 1 March 2020 Funds balances at 28 February 2021 Incoming resources Donations |
2021 £ 33,658 17,296 50,954 46,441 46,441 4,513 377,933 382,446 |
2020 £ 55,888 - |
|---|---|---|
| 55,888 | ||
| 51,680 | ||
| 51,680 | ||
| 4,208 373,725 |
||
| 377,933 |
Page 3
Makki Madrassa Trust Balance Sheet As at 28 February 2021
| Notes 3 Cash at bank and in hand Other taxes and social security Net current assets Net assets Accumulated Funds Balance brought forward Surplus of income over expenditure Current liabilities FIXED ASSETS Tangible fixed assets Current assets |
£ £ £ £ 293,178 295,217 89,954 82,716 89,954 82,716 686 - 89,268 82,716 382,446 377,933 377,933 373,725 4,513 4,208 382,446 377,933 2021 2020 |
£ £ £ £ 293,178 295,217 89,954 82,716 89,954 82,716 686 - 89,268 82,716 382,446 377,933 377,933 373,725 4,513 4,208 382,446 377,933 2021 2020 |
|---|---|---|
| 89,954 686 |
||
| 377,933 | ||
| 373,725 4,208 |
||
| 377,933 |
These financial statements were approved by the Board of Trustees on 29 November 2021 and were signed on its behalf by:
Mr Amjid Khan Treasurer
Date: 29 November 2021
Page 4
Makki Madrassa Trust
Notes to the Financial Statements
For the year ended 28 February 2021
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared under historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities, the Statement of Recommended Practice; Accounting and Reporting by Charities 2005.
1.2 Incomeing Resources
All incoming resources are included on the statement of Financial Activities when the Charity is legally entitled to the income and amount can be quantified with reasonable accuracy.
1.3 Resources expended
Resources expended are accounted for on an accrual basis. Expenditure includes VAT which cannot be recovered and which is included as part of the expenditure to which it relates.
Costs are allocated between charitable expenditure and governance as appropriate. Charitable expenditure comprises those costs directly incurred in carrying out its charitable activities and expenditure of an indirect nature necessary to support these activities. Governance costs are those associated with the constitutional and statutory requirements of the charity and include Independent Examiners' fees and costs incurred in the strategic management of the charity.
Page 5
Makki Madrassa Trust Notes to the Financial Statements - (Continued) For the year ended 28 February 2021
2 Expenditure
| Wages and salaries Light and heat Insurance Telephone Water Rates General admin exp Printing, postage and stationery Sound system and license fee Legal and professional fee Depreciation Sundry expenses |
2021 2020 £ £ 39,959 39,812 1,636 4,982 500 499 285 51 601 888 - 1,450 48 200 200 500 575 2,679 3,038 31 185 46,441 51,680 |
|---|---|
3 TANGIBLE FIXED ASSETS
| COST At 1 March 2020 Addition At 29 February 2021 DEPRECIATION At 1 March 2020 Charge for the year At 29 February 2021 NET BOOK VALUE At 29 February 2021 As at 28 February 2020 |
£ £ £ 278,000 30,655 308,655 - 640 640 Land and Buildings TOTAL Fixtures and fittings |
|---|---|
| 278,000 31,295 309,295 | |
| - 13,438 13,438 - 2,679 2,679 |
|
| - 16,117 16,117 | |
| 278,000 15,178 293,178 278,000 17,217 295,217 |
Page 6