TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION No. 1044127
FINANCIAL STATEMENTS
YEAR ENDED 31 December 2023
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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 |
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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
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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
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TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE CHARITY REGISTRATION No. 1044127
| FINANCIAL STATEMENTS | YEAR ENDED | 31 December 2023 |
|---|---|---|
| Section C | INDEPENDENT EXAMINER’S REPORT | 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:
-
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
- 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 |
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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 |
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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.
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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 - |
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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 |
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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 |
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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 |
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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 |
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TIPTON AND TIVIDALE ISLAMIC COMMUNITY CENTRE
CHARITY REGISTRATION No. 1044127
FINANCIAL STATEMENTS
YEAR ENDED 31 December 2023
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