TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **TIPTON AND TIVIDALE**
## **ISLAMIC COMMUNITY CENTRE**
## **FINANCIAL STATEMENTS**
**YEAR ENDING: 31st day of March 2021**
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## CONTENTS
ASSOCIATION INFORMATION ........................................................................................................................................... 3 MANAGEMENT COMMITTEE REPORT .............................................................................................................................. 4 INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT COMMITTEE OF TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE ....................................................................................................................................................... 5 ACCOUNTING POLICIES ..................................................................................................................................................... 6 STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................................................. 7 BALANCE SHEET ................................................................................................................................................................ 8 CHARITABLE ACTIVITIES .................................................................................................................................................... 9 TANGIBLE ASSETS ............................................................................................................................................................ 10
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **ASSOCIATION INFORMATION**
Chairperson Mohammed Shareef Treasurer Mohammed Yaqoob Secretary Basharat Khan Trustees Mohammed Siddique Mohammed Rafiq Mushtaq Hussain Mujeeb Khan Mohammed Rafique Banaras Khan Independent Examiner DR Aftab Parwaz 27 Old Gloucester Street London WC1N 3AX UK Bankers Nat West Bank PLC 309 High Street West Bromwich West Midlands DEPO code 005 B70 8LX
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **MANAGEMENT COMMITTEE REPORT**
The Trustees present their report and financial statements for the year ended 31st day of March 2021
## **Formation Status and Principal Activities**
Tipton And Tividale Islamic Community Centre is registered with the Charity Commission (No.1044127) and is constituted under a Deed of Trust.
The Charity is administered by a ‘Trust Committee’ (Members called Trustees) detail of which are given in the attached schedule.
The principal object of the Charity is to provide a place of worship and religious teaching and education for the benefit of local Muslim Community.
## **Review of activity**
Funds are being held in cash to finance building expansion and possible investment to ensure future operation and revenues.
## **Trustees Responsibilities**
The Trustees are required to prepare financial statements for each financial year as required by the Charity Commission rules and regulations.
The Trustees are responsible for keeping proper accounting records which disclose; with reasonable accuracy, the financial position of the Charity and to ensure that the Financial Statements comply with the Charity Commission rules. 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.
**FOR AND ON BEHALF OF THE TRUSTEES**
## Mohammed Yaqoob
**Mohammed Yaqoob Treasurer Dated** 18/04/2022
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT COMMITTEE OF TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE**
I report on the accounts of the charity for the year ended 31st day of March 2021 which are set out on pages 6 to 10.
## **RESPECTIVE RESPONSIBILITIES OF OFFICERS AND EXAMINER**
The charity’s officers are responsible for the preparation of the accounts. The charity’s officers consider that audit is not required for this year under Section 144(2) of the Charities Act 2011 (The 2011 Act) and that an Independent Examiner is needed.
It is our responsibility to:
- examine the accounts under Section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
Our examination was carried out in accordance with the general Directions given by the Charity Commission. 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 Officers concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no matter has come to my attention:
1 which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
Have not been met; or
2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _Aftab Parwaz_
Dr Aftab Parwaz
Dated 18/04/2022
106 Bowyer Road, Birmingham B8 1ES UK Aftab.parwaz@gmail.com Tel: 0786 1020 786
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **ACCOUNTING POLICIES**
## **1. ACCOUNTING POLICIES**
## **(a) Convention**
The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on Accounting by Charities (2005).
## **(b) Depreciation**
Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:
Freehold Property - 2% per annum on net book value Fixtures, Fittings and Equipment - 15% per annum on net book value
## **(c) Income**
Income is included in the income and expenditure account at their due date.
## **BANK INTEREST**
## **2.**
Bank interest is included in the income and expenditure account on receipt, at its gross amount.
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|||Notes|2021|2020|
|---|---|---|---|---|
||||Unrestricted Funds|Unrestricted Funds|
||||£|£|
|Income and Expenditure|||||
|Income & endowments from|||||
|Donations and Legacies|||33,249.00|45,316.00|
|TOTALS|||33,249.00|45,316.00|
|EXPENDITURE ON|||||
|Charitable Activities||4|19,407.00|19,632.00|
|TOTALS|||19,407.00|19,632.00|
|NET INCOME / (EXPENDITURE)|||13,842.00|25,684.00|
|FUNDS BALANCES B/F|2021||214,804.00|214,804.00|
|FUNDS BALANCES C/F|2020||228,646.00|228,646.00|
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **BALANCE SHEET**
||**NOTES**|2021||2020|
|---|---|---|---|---|
|||Unrestricted Funds||Unrestricted Funds|
|||£|£|£
£|
|**FIXED ASSETS**|||||
|Tangible Assets|3||**100.00**|**7,542.00**|
|**CURRENT ASSETS**|||||
|Debtors and Prepayments||0|||
|Cash in Hand||1,000|||
|Cash at Bank||227,646|**228,646.00**|**228,646.00**|
|**CREDITORS:**|||||
|Due within one year|||||
|Creditors and Accruals|5|2,292||2,292|
|**NET CURRENT ASSETS**||||**226,354.00**|
|**NET ASSETS**||||**226,454.00**|
|**FUNDS**|||||
|Unrestricted||||**226,454.00**|
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **CHARITABLE ACTIVITIES**
|**NOTES**||**2021**||**2020**|
|---|---|---|---|---|
||**Unrestricted**||**Unrestricted**||
||**Funds**||**Funds**||
|||**£**||**£**|
|4|**CHARITABLE ACTIVITIES**||||
||Rates and Insurance|1,400||1047.00|
||Wages and NIC|12,190||10,000.00|
||Electricity|590||640.00|
||Gas|955||1,450.00|
||Water|397||483.00|
||Repairs and Alarm Maintenance|0||1,340.00|
||Accountancy and Book Keeping|350||1,548.00|
||Books and Stationery|1,080||2,000.00|
||Cleaning and Laundry|1,200|||
||Fire and Health||||
||Certification|25|||
||Telephone|120||750.00|
||Depreciation|750||120.00|
||Sundry Expenses|350||1,331.00|
|||0||0|
||**SUB TOTAL**|**19,407**||21,359.00|
||**CREDITORS AND**||||
|5|**ACCURALS**||||
||Book Keeping & Accountancy||||
||Utilities|1,942||2,573.00|
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **TANGIBLE ASSETS**
||**TANGIBLE**||||
|---|---|---|---|---|
|**NOTES**|**ASSETS**|**Year Ending 31 of March**||**2021**|
|3||Fixed|Fixtures, Fitting||
|||Property|& Equipment|TOTALS|
|||£|£|£|
||**COST**||||
||at 01 April 2020||||
||Addition|-|7,099|7,099|
||at 31 March 2021|-|**7,099**|**7,099**|
||**DEPRECIATION**||||
||at 01 April 2020||||
||charges for year|-|1,420|1,420|
||at 31 March 2021|-|**1,420**|**1,420**|
||**NET BOOK VALUE**||||
||at 31 March 2021|-|**5,679**|**5,679**|
||at 01 April 2020||8,874|
8,874|
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE**
## **FINANCIAL STATEMENTS**
**Charity Registration No. 1044127**
TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION NO. 1044127