TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127 FINANCIAL STATEMENTS YEAR ENDED 31 December 2023 Page I ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**|**31 December 2023**|| |---|---|---|---| ||||| ||**CONTENTS**||| |**Section A**|**ASSOCIATION INFORMATION**||**3**| |**Section B**|**MANAGEMENT COMMITTEE REPORT**||**4**| |**Section C**|**INDEPENDENINDEPENDENT EXAMINER’S REPORT**||**5**| |**Section D**|**STATEMENT OF FINANCIAL ACTIVITIES**||**6**| |**Section E**|**BALANCE SHEET**||**7**| |**Section F**|**NOTES TO THE ACCOUNTS**||**8**| �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** **FINANCIAL STATEMENTS YEAR ENDED 31 December 2023 Section A ASSOCIATION INFORMATION** Principle Office Bankers Nat West Bank Plc 250 Bishopgate London EC2M 4AA Trustees 1 Mohammed Banaras Khan 2 Mujeeb Khan 3 Mujeeb Khan 4 Mohammad Sadique 5 Mohammed Rafiq 6 Mushtaq Hussain 7 Mohammad Rafiq �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**|**31 December 2023**| |---|---|---| |||| |**Section B**|**MANAGEMENT COMMITTEE**|**REPORT**| The Trustees present their report and the financial statements for the year ended 31 December 2023 ## **Formation Status and Principal Activities** The Organisation is registered with the Charity Commission; Registration No. 1044127 and is constituted under a Deed of Trust. ## **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. The Charity is administered by a ‘Trust Committee’ B185detail of which are given in the attached in the 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. ## ## |Income reported this year|**£407,447**|prior year funds|**£0**||| |---|---|---|---|---|---| |The chartable Expenditure|**£24,116**|prior year funds|**£23,226**|4%|▲
| |Net income/(expenditure)|**£383,331**|prior year funds|**£11,774**|3156%|▲
| |Total funds carried forward|**£610,705**|brought f/w|**£227,374**|169%|▲
| |Fixed Assets (cost or valuation)|**£375,000**|total prior year|**£382,500**|-2%|▼
| |Current Assets|**£597,350**|total prior year|**£607,350**|-2%|▼
| |Net book value at start of year|£151,250|total prior year|**£382,500**|-60%|▼
| |Net book value at end of year|£370,298|total prior year|**£151,250**|145%|▲
| |OER (Operating Expense Ratio)|1590%|total prior year|-100%|-1690%|▼
| ## **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. ## **Signed by one or two trustees on behalf of all the trustees:** **Print Name:** Mohammed Yaqoob **Position:** Treasurer **Date of approval:** ## _16/09/2024_ �� # **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**|**31 December 2023**| |---|---|---| |||| |**Section C**|**INDEPENDENT EXAMINER’S**|**REPORT**| I am reporting on the financial statements of the charity for the year ended 31/12/2023 which are set on on pages 6 to 13. ## **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: - 1.1 to keep accounting records in accordance with Section 130 of the 2011 Act; and - 1.2 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 the accounts to be reached. 16/09/2024 Dr Aftab Parwaz 106 Bowyer Road, Birmingham B8 1ES UK �� Contact No. 0786 1020 786 �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**
**31 December 2023**| |---|---| ||| |**Section D**|**STATEMENT OF FINANCIAL ACTIVITIES**| |**Recommended categories by**
**activity**
Notes
**INCOME**
**Income and endowments from:**
Donations and legacies
3
& Other Charitable activities
**Total**
**EXPENDITURE**
**Expenditure on:**
Charitable activities
4
**Total**
Net income/ (expenditure) before tax
for the reporting period
Tax payable
**NET INCOME/(EXPENDITURE)**
(after tax before investment
gains/(losses))
Net gains/(losses) on
investments
**Net income/(expenditure)**
Extraordinary items
Transfers between funds
**Other recognised gains/**
**(losses):**
of fixed assets for the charity’s
own use
Other gains/(losses)
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
407,447
-
-
407,447
35,000
-
-
-
-
-| ||407,447
-
-
407,447
35,000| ||24,116
-
-
24,116
23,226
-
-
-
-
-| ||24,116
-
-
24,116
**23,226**| ||383,331
-
-
383,331
11,774
-
-
-
-
-| ||383,331
-
-
383,331
**11,774**| ||-
-
-
-
-
-
-
-
-
-| ||383,331
-
-
**383,331**
**11,774**| ||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||383,331
-
-
**383,331**
**11,774**| ||| ||227,374
-
-
**227,374**
**215,600**| ||610,705
**-**
**-**
**610,705**
**227,374**| �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**
**31 December 2023**| |---|---| ||| |**Section E**|**BALANCE SHEET**| |Notes
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
**FIXED ASSETS**
**5**
**Tangable Assets**
375,000
-
-
375,000
382,500
**Intangible Assets**
-
-
-
-
-
**Heritage Assets**
-
-
-
-
-
**Investments**
-
-
-
-
-
**Total fixed assets**
**375,000**
**-**
**-**
**375,000**
**382,500**
**CURRENT ASSETS**
-
-
-
-
**Stocks**
-
-
-
-
-
**Debtors**
-
-
-
-
-
**Investments**
-
-
-
-
-
**Cash at bank**
220,000
-
-
220,000
225,000
**Cash in hand**
3,000
-
-
3,000
-
**Total current assets**
**223,000**
**-**
**-**
**223,000**
**225,000**
**Creditors:**
6
**amounts falling due within**
650
-
-
650
150
-
-
-
**Net current assets/(liabilities)**
**222,350**
**-**
**-**
**222,350**
**224,850**
**Total assets less current**
**liabilities**
**597,350**
**-**
**-**
**597,350**
**607,350**
**Print Name:**
**Date of approval:**
_16/09/2024_
Treasurer
**Signed by one or two trustees on behalf of all the trustees:**
_Mohammed Yaqoob_|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
375,000
-
-
375,000
382,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||**375,000**
**-**
**-**
**375,000**
**382,500**| ||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
220,000
-
-
220,000
225,000
3,000
-
-
3,000
-| ||**223,000**
**-**
**-**
**223,000**
**225,000**| ||650
-
-
650
150
-
-
-| ||**222,350**
**-**
**-**
**222,350**
**224,850**| ||| ||**597,350**
**-**
**-**
**597,350**
**607,350**| �� ## **D TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** ## **FINANCIAL STATEMENTS** **YEAR ENDED 31 December 2023** ## **Section F** ## **NOTES** ## **Note 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 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. ## **Note 2** ## **BANK INTEREST** 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** |**FINANCIAL STATEMENTS**|**YEAR ENDED**
**31 December 2023**| |---|---| ||| |**Note 3**|**INCOME**| |**Analysis of income**
**Donations and legacies:**
Donations and gifts
Gift Aid
Legacies
General grants provided by
government/other charities
Membership subscriptions and
sponsorships which are in
substance donations
Donated goods, facilities and
services
**Total**
**Charitable activities:**
**Total**
**Other trading activities:**
**Total**
**Income from investments:**
Interest income
Dividend income
Rental and leasing income
**Total**
**Separate material item of income**
**Total**
**Other:**
Conversion of endowment funds
into income
Gain on disposal of a tangible fixed
asset held for charity's own use
Gain on disposal of a programme
related investment
**Total**
**GRAND TOTAL INCOME**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**£**
**£**
**£**
407,447
-
-
407,447
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||407,447
-
-
**407,447**
-| ||-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**
-| ||**-**
**-**
**-**
**-**
**-**| ||-
-
-
**-**
-| ||**-**
**-**
**-**
**-**
**-**| ||-
-
-
**-**
-
-
-
**-**
-
-
-
**-**
-
-
-
**-**
-
**-**
**-**
**-**
**-**
**-**| ||**407,447**
**-**
**-**
**407,447**
**-**| �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**31/12/2023**
**YEAR ENDED**| |---|---| ||| |~~**Note 4**~~|**EXPENDITURE**| |**Analysis**
**Expenditure on Charitable**
Charitable Activities
Rates
Insurance
Wages and NIC
Electricity
Gas
Water
Repairs and Maintenance
Accountancy and Book
Keeping
Books and Stationery
Cleaning and Laundry
Fire /Health & Safety
Telephone
**Depreciation**
Sundry Expenses
**Total**
**Expenditure on raising funds:**
seeking donations & Legacies
Incurred seeking grants
Operating membership
schemes
Staging fundraising events
Fudraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable
trading activity
Advertising, marketing, direct
mail and publicity
**Total**
**TOTAL EXPENDITURE**
Rent collection,|**This year**
**Last year**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Total funds**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
1,500
-
-
1,500
1,400
1,022
-
-
1,022
-
13,780
-
-
13,780
13,780
700
-
-
700
690
2,450
-
-
2,450
2,312
654
-
-
654
654
250
-
-
250
-
500
-
-
500
500
1,250
-
-
1,250
1,080
1,350
-
-
1,350
1,300
150
-
-
150
150
260
-
-
260
260
-
-
-
-
750
250
-
-
250
350| ||**24,116**
**-**
**-**
**24,116**
**23,226**| ||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||**-**
**-**
**-**
**-**
**-**| ||| ||**24,116**
**-**
**-**
**24,116**
**23,226**| �� ## **TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**YEAR ENDED**|**31 December 2023**| |---|---|---| |||| |**… Note 4**|**EXPENDITURE**|| ||**This year**||||**Last year**| |---|---|---|---|---|---| |**Analysis**|**Unrestricted**
**funds**|**Restricted**
**income funds**|**Endowment**
**funds**|**Total funds**|**Total funds**| |Database development costs|-|-|-|-|-| |Investment management costs:|-|-|-|-|-| |Portfolio management costs|-|-|-|-|-| |Cost of obtaining investment|-|-|-|-|-| |Investment administration costs|-|-|-|-|-| |Intellectual property licencing|-|-|-|-|-| |Rent collection, property repairs|-|-|-|-|-| |**Total**|**-**|**-**|**-**|**-**|**-**| |**Separate material item of**|||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| |**Total**|**-**|**-**|**-**|**-**|**-**| |**Other Expenditure:**|||||| ||-|-|-|-|-| ||-|-|-|-|-| |**Total**|**-**|**-**|**-**|**-**|**-**| ||||||| |**GRAND TOTAL EXPENDITURE**|**24,116**|**-**|**-**|**24,116**|**23,226**| �� ## **D TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** **FINANCIAL STATEMENTS YEAR ENDED 31 December 2023** |**Note 5**|**TANGIBLE ASSETS**| |---|---| |**Cost or valuation**
Notes
SL or RB (Straight Line or
Reducing Balance)
Rate (annual net book value)
At the beginning of the year
Additions
Revaluations
Disposals
Transfers
At end of the year
**Depreciation and**
**Impairments**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers
At end of the year
**Net Book Value**
Net book value at the
beginning of the year
Net book value at the end of
the year|**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery**
**and motor**
**vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Total**
**SL**
**SL**
**SL**
**SL**
**2%**
**2%**
**15%**
**15%**
**£**
**£**
**£**
**£**
**£**
150,000
-
-
5,000
**155,000**
225,000
-
-
2,500
**227,500**
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**| ||**375,000**
**-**
**-**
**7,500**
**382,500**| ||3,000
-
-
750
**3,750**
-
-
-
-
**-**
7,440
-
-
1,013
**8,453**
-
-
-
-
**-**
-
-
-
-
**-**| ||**10,440**
**-**
**-**
**1,763**
**12,203**| ||| ||**147,000**
**-**
**-**
**4,250**
**151,250**| ||**364,560**
**-**
**-**
**5,738**
**370,298**| �� ## **D TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127** |**FINANCIAL STATEMENTS**|**31 December 2023**
**YEAR ENDED**| |---|---| ||| |**Note 6**|**CREDITORS & ACCURALS**| |**Analysis of creditors due in**
**one year**
Insurance
Wages and NIC
Light and heat
Accountancy and Book
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Other creditors
**Total**|**This year**
**Last year**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
150
-
-
150
150
500
-
-
500
-
-
-
-
-
-| ||**650**
**-**
**-**
**650**
**150**| �� TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHAIUTY REGISTRATION No. 1044127 FINANCIAL STATEMENTS YEAR ENDED 31 December 2023 Page 14