Charity Number: 1014007
Tunbridge Wells Islamic and Cultural Association Trustees' Report and Unaudited Financial Statements for the Year Ended 30 April 2024
Tunbridge Wells Islamic and Cultural Association
| Contents | Page |
|---|---|
| Legal and administrative information | 1 |
| Trustee's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the Financial Statements | 5-7 |
Tunbridge Wells Islamic and Cultural Association
| Legal and Administrative Information | Legal and Administrative Information |
|---|---|
| CHARITY NUMBER: | 1014007 |
| REGISTERED OFFICE: | 99 Camden Road |
| Tunbridge Wells | |
| Kent | |
| TN1 2RQ | |
| TRUSTEES: | Mohammad Abdul Subhan (Chairman) |
| Amenur Abdussamad (General Secretary) | |
| Abdul Munim (Treasurer) | |
| Suruk Miah | |
| Muhammad Ahmed | |
| Mizanur Rahman | |
| Abdul Aziz Khan | |
| Said Bouamra | |
| Suleman Khandakar | |
| Hussain Muhit | |
| Rahman Zoman |
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Tunbridge Wells Islamic and Cultural Association
Report of the Trustees for the Year Ended 30 April 2024
The trustees present their report and the financial statements for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015). The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The trustees are fully responsible for the management of the Masjid which is open to all Muslims for prayers. No membership is required to attend the Masjid.
Objectives and activities
The charity's objectives are to provide religious facilities and to promote cultural harmony in the local Muslim community.
Financial review
The net surplus of the charity is set out on page 4 and the trustees consider that the accumulated funds to be sufficient to enable the Masjid to meet its objectives.
Statement as to disclosure of information
In so far as the trustees are aware:
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there is no relevant information of which the charity's trustees are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the they are aware of that information.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Law applicable to charities in England and Wales, Charities Act 2011 and Charity (Accounts and Reports) Regulations 2008 requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD:
Mohammad Abdul Subhan - Chairman
23 February 2025
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Tunbridge Wells Islamic and Cultural Association
Incoming Resources Incoming resources from generating funds: Voluntary income Other income/ Madrassa fee Investment income Total incoming resources Resources expended Staff costs Light & heat Rent Rates Insurance Premises expenses Cleaning Telephone Computer expenses Advertising Bank/ Card charges Sundry expenses Legal and professional fee Accountancy fee Donations paid Training Depreciation Total resources expended Total funds brought forward Total funds carried forward |
Statement of financial activities for the Year Ended 30 April 2024 30.04.24 30.04.23 Notes £ £ 2 134,772 174,977 6,015 4,200 3 - 175 140,787 179,352 4 65,453 58,918 10,145 5,630 435 5,800 600 992 1,581 1,556 1,524 3,317 3,000 3,100 658 390 135 529 50 1,918 2,478 3,856 - 30 1,872 - 1,750 - 600 1,859 22,474 108 - 21,693 114,614 107,838 26,173 71,515 1,166,936 1,140,763 |
|---|---|
The notes on pages 5 to 7 form an integral part of these financial statements
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Tunbridge Wells Islamic and Cultural Association
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS/ (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted income funds 8 TOTAL FUNDS |
Balance Sheet 30 April 2024 30.04.24 £ £ 1,139,824 - 29,354 29,354 (2,242) 27,112 1,166,936 1,166,936 1,166,936 1,166,936 |
30.04.23 £ £ 1,123,262 - 31,812 31,812 (14,311) 17,501 1,140,763 1,140,763 1,140,763 1,140,763 |
|---|---|---|
The financial statements were approved by the trustees on 23 February 2025 and signed on their behalf by:
Mohammad Abdul Subhan (Chairman)
Abdul Munim (Treasurer)
Amenur Abdussamad (General Secretary)
The notes on pages 5 to 7 form an integral part of these financial statements
continued...
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Tunbridge Wells Islamic and Cultural Association
Notes to the Financial Statements for the Year Ended 30 April 2024
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’ and the Charities Act 2011.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
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 indirect nature necessary to support them.
Governance costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% straight line Fixtures, fittings and equipment - 20% straight line
No depreciation is provided on the freehold property. It is the Charity's policy to maintain this asset in a continual state of sound repair and, accordingly, the trustees consider that the life of this asset is so long and the residual value so high that depreciation is insignificant.
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continued...
Tunbridge Wells Islamic and Cultural Association
2. VOLUNATARY INCOME
| 30.4.24 | 30.4.23 | ||
|---|---|---|---|
| £ | £ | ||
| General donations received | 134,772 | 174,977 | |
| 134,772 | 174,977 | ||
| 3. | INVESTMENT INCOME | ||
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Bank interest receivable | - | 175 | |
| - | 175 | ||
| 4. | EMPLOYEES | ||
| Employment costs | 30.4.24 | 30.4.23 | |
| £ | £ | ||
| Wages and salaries | 65,453 | 58,918 | |
| 65,453 | 58,918 |
No employee received emoluments of more than £60,000 (2023: £60,000).
Number of employees
The average monthly numbers of employees (excluding the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 30.4.24 | 30.4.23 | |
|---|---|---|
| Imams and other teachers | 5 | 4 |
| 5 | 4 |
All trustees are volunteers and render their services free of charge. Consequently no salaries have been paid to the trustees this year.
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continued...
Tunbridge Wells Islamic and Cultural Association
5. TANGIBLE FIXED ASSETS
| Freehold Property and Improvements £ COST At 1 May 2023 1,164,217 Additions 39,036 Disposals - At 30 April 2024 1,203,254 DEPRECIATION At 1 May 2023 51,569 Charge for year 16,292 Eliminated on disposal - At 30 April 2024 67,861 NET BOOK VALUE At 30 April 2024 1,135,392 At 30 April 2023 1,112,648 6. DEBTORS: AMOUNTS DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR Other creditor 8. UNRESTRICTED FUNDS At 1 May 2023 Incoming resources Outgoing resources At 30 April 2024 |
Fixtures and Fittings Totals £ £ 34,510 1,198,727 - 39,036 - - 34,510 1,237,763 23,896 75,465 6,182 22,474 - - 30,078 97,939 4,432 1,139,824 10,614 1,123,262 30.4.24 30.4.23 £ £ - - - - 30.4.24 30.4.23 £ £ 2,243 14,311 2,243 14,311 Unrestricted Funds £ 1,140,763 140,787 (114,614) 1,166,936 |
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