Southport Mosque & Islamic Cultural Centre
Statement of Financial Accounts
Year Ended 31 March 2023
Southport Mosque & Islamic Cultural Centre Contents Page Year Ended 31 March 2023
| Charity Information Income Statement Balance Sheet Notes to the Financial Statements Accountants Certificate |
Page Number |
|---|---|
1 2 3 4 5 |
Southport Mosque & Islamic Cultural Centre
Charity Information
Year Ended 31 March 2023
| Charity Number: | 1044154 |
|---|---|
| Address: | 102(a) Sussex Road |
| Southport | |
| PR9 0SL | |
| Trustees: | Dr. Makbul Ahmed – Chairman |
| Shuhelul Haque – Secretary | |
| Halal Miah - Treasurer | |
| Bankers: | Barclays plc |
| Accountants: | S. B. P. (Southport) Limited |
| T/as S. B. Patel & Co. | |
| Tolsey House | |
| 1 Marshside Road | |
| Churchtown | |
| Southport | |
| PR9 9TL |
1 Southport Mosque & Islamic Cultural Centre
Statement of Accounts
Year Ended 31 March 2023
In accordance with instructions given to us, we have prepared, without carrying out any audit, the Statement of Financial Accounts from the accounting records of Southport Mosque & Islamic Cultural Centre and from information and explanations supplied to us by the trustees.
Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to you that we have done so, and state those matters that we have agreed to state to you in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees for our work or for this report.
S. B. P. (Southport) Limited T/as S. B. Patel & Co. Chartered Certified Accountants Tolsey House 1 Marshside Road Churchtown Southport PR9 9TL
5
Southport Mosque & Islamic Cultural Centre
Income Statement
Year Ended 31 March 2023
| Incoming Resources: Ramadan Collections General Collections Members Contributions Rents Received Teaching Income Gift Aid Tax Relief JRS Grants Mosque Resources Expended: Imam Wages Imam Pension Costs Teaching Wages Water Rates & Ground Rent Insurance Light, Heat & Power Telephone Professional Fees & Subscriptions Repairs & Maintenance-Mosque House Costs Sundry Expenses & Cleaning Ramadan Costs Donations Depreciation Net Surplus for the Year |
31/Mar/23 £ £ 6600 41574 35928 8800 2168 5542 0 100612 11615 101 8224 1352 1274 6588 614 350 35878 340 3690 2950 1185 331 74492 26120 |
31/Mar/22 £ £ 4000 31021 13595 5700 2190 2081 2080 60667 15600 403 4930 430 2805 3156 606 445 5948 2346 2671 1180 0 268 40788 19879 |
31/Mar/22 £ £ 4000 31021 13595 5700 2190 2081 2080 60667 15600 403 4930 430 2805 3156 606 445 5948 2346 2671 1180 0 268 40788 19879 |
|---|---|---|---|
| 19879 |
Southport Mosque & Islamic Cultural Centre
Balance Sheet
As at 31 March 2023
| Notes Fixed Assets Tangible Assets 2 Current Assets Gift Aid Tax Relief Debtor Bank Balances Less: Current Liabilities Creditors Loan Net Current Assets / (Liabilities) Net Assets Unrestricted Funds: Accumulated Reserves Brought Forward Surplus for the Year Total Funds |
31/03/23 £ £ 241323 6001 68361 74362 146 3680 3826 70536 311859 285739 26120 311859 |
31/03/22 £ £ 241076 2077 46389 48466 123 3680 3803 44663 285739 265860 19879 285739 |
31/03/22 £ £ 241076 2077 46389 48466 123 3680 3803 44663 285739 265860 19879 285739 |
|---|---|---|---|
| 285739 | |||
| 285739 |
These Financial Statements have been prepared in accordance with the special provisions of the Financial Reporting Standard for Smaller Entities.
These Financial Statements were approved by the Board of Trustees and were signed on its behalf by:
….......................................Ibrahim Mohammed Ali Hussein (President)
………………………………. Shuhelul Haque (Secretary)
Dated: 09 November 2023
Southport Mosque & Islamic Cultural Centre
Notes to the Financial Statements
As at 31 March 2023
1. Accounting Policies
Accounting Conventions
These financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSEE) effective April 2008, and the requirements of the Statement of Recommended Practice, Accounting and Reporting by charities.
Incoming Resources
All incoming resources are included in the Income Statement when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under the headings related to that category.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life: -
Furniture, Fixtures & Equipment - 20% Reducing Balance
In accordance with the FRSEE (effective April 2008) no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held in the thought that the trustees consider that to depreciate them would not give a true and fair view.
Taxation
The charity is exempt from tax on all its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
| 2. Fixed Assets Tangible Assets:- Property at Cost - 102(a) Sussex Southport PR9 0SE 102 Sussex Road Southport PR9 0SE Furniture, Fittings & Equipment Additions Less: Depreciation |
31/03/2023 £ £ Road 35000 205000 1076 578 331 1323 241323 |
31/03/2022 £ £ 35000 205000 1344 0 268 1076 241076 |
31/03/2022 £ £ 35000 205000 1344 0 268 1076 241076 |
|---|---|---|---|
| 241076 |
3. Trustees' Remuneration and Benefits
There were no trustees' remuneration or other benefits nor any trustees expenses paid.
Southport Mosque & Islamic Cultural Centre
Income Statement
Year Ended 31 March 2023
| Incoming Resources: Ramadan Collections General Collections Members Contributions Rents Received Teaching Income Gift Aid Tax Relief JRS Grants Mosque Resources Expended: Imam Wages Imam Pension Costs Teaching Wages Water Rates & Ground Rent Insurance Light, Heat & Power Telephone Professional Fees & Subscriptions Repairs & Maintenance-Mosque House Costs Sundry Expenses & Cleaning Ramadan Costs Donations Depreciation Net Surplus for the Year |
31/Mar/23 £ £ 6600 41574 35928 8800 2168 5542 0 100612 11615 101 8224 1352 1274 6588 614 350 35878 340 3690 2950 1185 331 74492 26120 |
31/Mar/22 £ £ 4000 31021 13595 5700 2190 2081 2080 60667 15600 403 4930 430 2805 3156 606 445 5948 2346 2671 1180 0 268 40788 19879 |
31/Mar/22 £ £ 4000 31021 13595 5700 2190 2081 2080 60667 15600 403 4930 430 2805 3156 606 445 5948 2346 2671 1180 0 268 40788 19879 |
|---|---|---|---|
| 19879 |
Southport Mosque & Islamic Cultural Centre
Balance Sheet
As at 31 March 2023
| Notes Fixed Assets Tangible Assets 2 Current Assets Gift Aid Tax Relief Debtor Bank Balances Less: Current Liabilities Creditors Loan Net Current Assets / (Liabilities) Net Assets Unrestricted Funds: Accumulated Reserves Brought Forward Surplus for the Year Total Funds |
31/03/23 £ £ 241323 6001 68361 74362 146 3680 3826 70536 311859 285739 26120 311859 |
31/03/22 £ £ 241076 2077 46389 48466 123 3680 3803 44663 285739 265860 19879 285739 |
31/03/22 £ £ 241076 2077 46389 48466 123 3680 3803 44663 285739 265860 19879 285739 |
|---|---|---|---|
| 285739 | |||
| 285739 |
These Financial Statements have been prepared in accordance with the special provisions of the Financial Reporting Standard for Smaller Entities.
These Financial Statements were approved by the Board of Trustees and were signed on its behalf by:
….......................................Ibrahim Mohammed Ali Hussein (President)
………………………………. Shuhelul Haque (Secretary)
Dated: 09 November 2023
Southport Mosque & Islamic Cultural Centre
Notes to the Financial Statements
As at 31 March 2023
1. Accounting Policies
Accounting Conventions
These financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSEE) effective April 2008, and the requirements of the Statement of Recommended Practice, Accounting and Reporting by charities.
Incoming Resources
All incoming resources are included in the Income Statement when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under the headings related to that category.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life: -
Furniture, Fixtures & Equipment - 20% Reducing Balance
In accordance with the FRSEE (effective April 2008) no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held in the thought that the trustees consider that to depreciate them would not give a true and fair view.
Taxation
The charity is exempt from tax on all its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
| 2. Fixed Assets Tangible Assets:- Property at Cost - 102(a) Sussex Southport PR9 0SE 102 Sussex Road Southport PR9 0SE Furniture, Fittings & Equipment Additions Less: Depreciation |
31/03/2023 £ £ Road 35000 205000 1076 578 331 1323 241323 |
31/03/2022 £ £ 35000 205000 1344 0 268 1076 241076 |
31/03/2022 £ £ 35000 205000 1344 0 268 1076 241076 |
|---|---|---|---|
| 241076 |
3. Trustees' Remuneration and Benefits
There were no trustees' remuneration or other benefits nor any trustees expenses paid.