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Holborn Muslim Community & Welfare Association
Trustees’ Annual Report & Financial ~ Statements for the Year Ended 31
December 2020
[Charity Reg. No. 1052483]
Mahbub & Co Accountants 388-390, Romford Road London E7 8BS
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HOLBORN MUSLIM COMMUNITY AND WELFARE ASSOCIATION
TABLE OF CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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|Page|
|Company|Information|il|
|Report|of the|Directors|/ Trustees|2|
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|Income|and|Expenditure|Account|3|
|Statement|of|Financial|Activities|4|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6-7|
|Report|of the|Accountants|8|
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HOLBORN MUSLIM COMMUNITY AND WELFARE ASSOCIATION
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES:
CHAIRMAN:
SECRETARY:
REGISTERED OFFICE:
Mr Alauddin Mohamed Mr Syed Shahan Uddin Mr Syed Shihab Uddin Mr Mohammed Abdus Shohid Mr Sayful Rahman Mr Gulam Mastafa Khan Mr Azad Ullah
Mr Alauddin Mohammed *,
Mr Syed Shahan Uddin
33 Brookes Court Baldwins Gardens London EC1N 7RR
CHARITY NUMBER: 1052483
ACCOUNTANTS:
Mahbub & Co 388-390, Romford road London E7 8BS
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HOLBORN MUSLIM COMMUNITY AND WELFARE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees have the pleasure in presenting their reports and the financial statements reviewed by the independent examiner of the charity for the year ended 31 December 2020. Legal status Holborn Muslim Community and Welfare Association is an unincorporated registered charity with registration number 1052483 and are governed by its constitution.
Aims & Objectives
The charity's objective is to advancement of religion according to the teachings and tenets of Islam by provision of prayer and education especially to children and the elderly people in reciting and study of the Quran. The charity is organized so that the trustees meet regularly to manage its affairs.
Financial Review ~ ~
Receipt of donation income ware severely disrupted in the year 2020 due to pandemic which result in the deficit of income £ 10,024. The mosque and madrasa were closed for five months and the access to masjid and madrasa were very restricted due to COVID-19. At the same time donation amount of £16,000 were made to Eden Care and Lonely child as previous agreement made to the organisations. We foresee that the economic climate may remain favourable for us in the year 2021 and are working actively to continue to improve our services in the long-term. During the year £25,000.00 Karza Hasana paid to Kentish Town Mosque which will be receivable in the year 2021.
Plan for the future periods The charity’s plans will continue to be the activities outlined above in the forthcoming years subject to the satisfactory funding arrangements. The organisation intended to strengthen its relationship with the local community and to the donors. Trustees The Trustees during the year under review were: Mr Alauddin Mohamed Mr Syed Shahan Uddin Mr Syed Shihab Uddin Mr Mohammed Abdus Shohid Mr Sayful Rahman Mr Gulam Mastafa Khan Mr Azad Ullah
ON BEHALF OF THE BOARD:
Mr Alauddin Mohammed (Chairman) Date:
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EENHOLBORN MUSLIMIORI COMMUNITYCUMIVIUNITY ANDAND WELFAREWELFARE ASSOCIATIONASSOCIATION
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
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|Note|FY 2020|FY 2019|
|£|£|
|Income|1|38,781|131,459|
|Operating|Expense|(48,806)|(85,745)|
|Operating Surplus/(Deficit)|(10,025)|45,714|
|Other|Interest|receivable|and|similar charges|-|-|
|Surplus/(Deficit)|for the|Financial Year|(10,025)|45,714|
|Retained|surplus/(Deficit)|B/F|499,310|453,596|
|Surplus/(Deficit)|at the end of the year|489,285|499,310|
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HOLBORN MUSLIM COMMUNITY AND WELFARE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
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|Note|Unrestricted|Restricted|
|FY 2020|FY|2019|
|Fund|Fund|
|Voluntary|Donations|38,781|-|38,781|131,459|
|Investment|Income|-|-|Jon|-|-|
|Income|from|Other|Activities|-|-|-|-|
|Total|Incoming|Resources|38,781|-|38,781|131,459|
|Resources|Expended:|
|Charitable|Purposes|2|48,306|-|48,306|85,245|
|Governance|Cost|3|500|-|500|500|
|Total|Resources|Expended|(48,806)|-|(48,806)|(85,745)|
|Net|Resources|for the Year|(10,025)|-|(10,025)|45,714|
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EETHOLBORN MUSLIMMIARCUIMIMUNITYCOMMUNITY ANDAND WELFAREWELFARE ASSOCIATIONASSOCIATION
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STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2020
Note
——.Sa2020 2019
£ eee eee
£ £ £
Fixed Asset:
Tangible Assets 4 169,845 171,041
Current Assets:
Debtors 25,000 -
Cash at bank and in hand 298,565 329,269
Creditors: 5 (4,125) (1,000)
(Amount falling due within one year)
Total Assets Less Current 319,440 328,269
Liabilities
Creditors: - -
(Amount falling due within one year)
Net Assets 489,285 499,310
Capital & Reserves
Unrestricted Fund 489,285 499,310
Restricted Fund - -
489,285 499,310
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The trustees are required by law to prepare financial statements for each financial year which gives a true and fair view of the charity and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
(a) Select suitable accounting policies and then apply them consistently
(b) Make judgements and estimates that are responsible and prudent;
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(c) State whether the policies adopted are in accordance with the applicable accounting standards and statement of recommended practice, subject to any material departures disclosed and explained in the financial statement;
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(d) Prepare the financial statements on a going concern basis unless it is inappropriate assume that the charity _ will continue in operation.
The financial statements were approved by the trustees were signed by:
ON BEHALF OF THE BOARD:
Mr Alauddin Mohammed (Chairman)
Date: 30/09/2021
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—_—eEa=&eree-erHOLBORN MUSLIM COMMUNITOO ONE NE Y AA ND WELWEL FARE ASSOCIATIONASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Statements of recommended Practice, Accounting and reporting by Charities (SORP 2005) and applicable UK Accounting Standards.
Income
Income represents the donations received during the year.
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2. RESOURCES EXPENDED FOR FURTHERANCE OF CHARITABLE PURPOSES
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|Tf|Unrestricted|Restricted|FY 2020|FY 2019|
|Wages & Salaries|14,121|||ce|CY|14,121|20,412|
|Rent|Payable|Oe|12,500|12,500|
|Light|2295|||=|2,295|1,815|
|& Heat|poz P2502 ||1,172|
|Telephone|po|agaa|
|16000|||16,000|37,989|
|Cleaning expenses|po|00TSC|
||Generalinsurance|[ate ||CdS|ar|||
|Repairs & Renewals|ee|se|6,013|
|StationeryLegal|& Postage|aYY|
|& Professional|a|XX|
|Depreciation|of TFA|1,196|||1,196|1,495|
|Total Expenditures|48,306||-|48,306|||[85,245]|||
|TFA|stands|for Tangible|Fixed|Assets|
|3. GOVERNANCE|COSTS|
|nn|Restricted|FY 2020|FY 2019|
|JAccountancyFees|[SOT|CTS|SSCS|
|TotalGovernanceCost___[|—|00[-|SSCSYSSCS~~“—||SCS|~|SSSSO OO|
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) SEFOR THE YEARPEAR ENDEDENDED 3131 DECEMBERDECEMBER 20202020
4. TANGIBLE FIXED ASSETS
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SENEIMERUNIMIUNITYHOLBORN MUSLIM COMMUNITY ANDAND WELFAREWELFARE ASSOCIATIONASSOCIATION
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REPORT OF INDEPENDENT EXAMINER FOR THE YEAR ENDED 31 DECEMBER 2020
We report on the accounts of the organization for the year ended 31 December 2020, which are set out on pages 4 to 7.
Respective responsibilities of Trustees
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period and that an independent examination is needed.
It is our responsibility to:
- @ examine the accounts e to state whether particular matters have come to our attention
ins =
Basis of independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organization and a comparison of any unusual items or disclosures in the accounts, and seeking explanations from management committee members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to our attention:
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which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records and to prepare accounts which accord with the accounting records have not been met; Or
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To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mahbub‘Miurshed
388-390, Romford Road London E7 8BS
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