TRUSTEES REPORTAND
STATEMENT OF FINANCIAL ACTIVITIES FORTHEYEARENDED31MARCH2022
FOR
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FORTHEYEARENDED31MARCH2022
| Page | |
|---|---|
| Legaland adminstrative information | l |
| Report of the Trustees | 2-3 |
| Report of the Independent Examiner | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
| Income and Expenditure Account | 8 |
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FORTHEYEARENDED31 MARCH2022
MANAGEMENTCOMMITTEEANDTRUSTEE
| Chairman | Mr Muhammad Atiqur Rahman |
|---|---|
| General Secretary | Mr Moxod Mlah |
| Treasurer | Mr Muhammad Abdul Malik |
| Other Trustees | The other members of the Board are the Trustees |
| of the charity and the Directors of the company | |
| Address | 444 Hackney Road |
| London | |
| E2 6QN | |
| Charity Registration Number | 1057627 |
| Company number | 3155240 |
| Bankers | Natwest Bank Plc |
| 403 Bethnal Green Road | |
| London | |
| E2 0AF | |
| Independent Examiner | Shahidullah & Co Chartered Certified Accountants |
| 299A Bethnal Green Road | |
| London E2 6AH |
SHAPORAN MASJID AND ISLAMIC CENTRE TRUST
REPORTOFTHETRUSTEES' FOR THE YEAR ENDED 31st March 2022
The Trustees, who are also the directors of the charity for the purposes of the Companies Act, present their annual report together with the financial statements of Shahporan Maqid and Islamic Centre Trust for the year ended 31st March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 1 02) in preparing the annual report and financial statements of the charity.
Since the charity qualifies as small under section 383, the strategic and director report is not requires as perregulation 2013.
Legal Status
Shahporan fi4aqid and Islamic Centre Trust is incorporated as a company limited by guarantee in 5't 'February 1996 and the company number is 3 1 55240. It is a registered charity and registration number is 1 057627.
Mission Statement:
Educate, empower and leads
Organisation
The Charity based in 444 Hackney Road, London, E2 6QN
Objects of the Charity, Structure, Goverence and Management
a) The charity was incorporated as a company limited by guarantee in 5th February 1 996 and had transferred to it the assets of Shahporan Magid and Islamic Centre Trust a charity form as a trust.
b) The trust is established to advance the Islamic religion and to advance the education of the public in all aspect of Islam. The trust operates as Mosque and there were no change to its activities during the year
c) The directors do not have any share in the company. The charity is constituted as a company limited by guarantee and is therefore governed by memorandum and articles of association.
Review of financial position and reserve policy
The attached financial statements show a surplus of £54,141 .00.for the above year
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Member Liability
The members of the charity guarantee to contribute an amount not exceeding f 1 0 to the assets of the charity in the event of winding up.
2
SHAPORAN MASJID AND ISLAMIC CENTRE TRUST
THETRUSTEES
The trustees who serve the charity during the year were shown on page number I, "Management Committee and Trustee"
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees (Who are also directors of Shahporan Maqid and Islamic Centre Trust for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial state4ments unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Make judgments and estimates that are reasonable and prudent;
-
c) Observe the methods and principles of the Charities SORP.
-
d) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity Act 201 6. They are also responsible for safeguarding the assets of the charity and hence Hor taking reasonable steps 6or the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
According to the provisions of the Charities Act 2016, the trustees agree that an audit is not required for this financial year; however due to provisions of the same act an independent examiner is required.
Mr Mohammed Shahidullah of Shahidullah & Co (Chartered Certified Accountants) will be appointed as independent examiner for the ensuing year.
APPROVAL
This report was approved by the trustees on behalf.
.and signed on their
.J@.,. Mr M Atiqur Rahman (Directorrl'rustee)
Date: . . .i2i. .7.. . d ' g.: .2- 2..
3
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST
ACCOUNTANTS REPORT TO THE TRUSTEES ON THE UNAUDITEDACCOUNTS
Financial statements for the year ended 31s' March 2022
We have examined the accounts and statements, which have been prepared on the basis of accounting polices set out on page 7.
Respective responsibilities of trustees and examiner
As described on the balance sheet page the company's directors are responsible for the preparation of accounts; they consider that the charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the companies Act 2006("the Act") and members have not required the charity to obtain an audit for the year in question in accordance with section 476.
We have been appointed under section 144 of the charities act 2016 rather than companies Act 2006. It is our responsibility to examine the accounts, without performing an audit and report our option.
Basis of Opinion
Our work was conducted in accordance with the Statement of Standards 6or Reporting Accountants and so our procedures consisted of comparing the accountants with the accounting records kept by the charity and making such limited enquiries of the officers of the charity as we consider necessary for the purposes of this report. These procedures provide only the assurance expressestn ouroptnion.
Opinion
Based on our examinations, no matter has come to our attention which gives us reasonable cause to believe that in any material respect accounting records have not kept in accordance with section CC16 of the Charity act 2016 and the companies act 2006.In our opinion the accounts have been drawn up in a manner consistent with the accounting requirements specified in section 477 and 476 of the Companies Act 2006. The charity also satisfied the conditions 6or the exemption from and audit for the specified period under section 477 and 476 of the Companies Act as well as the Charity act 2016.
No matter has come to our attention in connection with our examination, to which in our opinion attention should be drawn to enable a proper understanding of the accounts.
The Trustee's report is consistent with the financial statements and accounts
Shahidullah & Co Chartered CeKiHled Accountants 299A Bethnal Green Road London E2 6AH
4
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES FORTHEYEARENDED31 MARCH2022
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 31.03.22 | 28.2.21 | |
| £ | £ | £ | £ | |
| Income | ||||
| Donation received | 154144 | 154144 | 62018 | |
| JRS GRANT | 1971 | 1971 | 18195 | |
| Total Incoming Resources | 156115 | 156115 | 80213 | |
| Resources Expended | ||||
| Water | 0 | 0 | 3060 | |
| Light & Heating | 3499 | 3499 | 4653 | |
| Wages and salaries | 65630 | 65630 | 51761 | |
| Casual wages | 8521 | 8521 | 390 | |
| Repair & renewals | 6347 | 6347 | 27003 | |
| Accountancy fee | 720 | 720 | 720 | |
| Telephonefax andlnternet | 202 | 202 | 168 | |
| Licences and Insurance | 4146 | 4146 | 4092 | |
| Post and stationery | 626 | 626 | 2509 | |
| Food and Entertainment | 1024 | 1024 | 500 | |
| Sundry expenses | 466 | 466 | 100 | |
| Donation and Plastine appeal | 966 | 966 | ||
| Cleaning and cleaning materials | 888 | 888 | 760 | |
| General travel expenses | 12 | 12 | ||
| Bank Charges | 845 | 845 | 324 | |
| Legaland Professionalfees | 2333 | 2333 | ||
| Studentand othergift | 1337 | 1337 | ||
| Web design | 300 | 300 | 1097 | |
| Total Expenditure | 97862 | 97862 | 97137 | |
| Gross incoming/(outgoing resources) | 58253 | 58253 | 16924 | |
| Depreciation :- Fixture and fittings |
2048 | 2048 | 2048 | |
| Plant & Machinery | 2065 | 2065 | 2065 | |
| Net incoming/ outgoing resources before transfer | 54140 | 54140 | -21037 | |
| Net incoming/ outgoing resources after transfer | 54140 | 54140 | -21037 | |
| Funds brought forward | 976175 | 976175 | 997212 | |
| Add Net Profit/surplus | 54140 | 54140 | 21037 | |
| Funds carried forwa rd | 1030315 | 1030315 | 976175 |
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST BALANCE SHEET AS AT 31 MARCH 2022
| Total | Total | |||
|---|---|---|---|---|
| 31.03.22 | 28.2.21 | |||
| £ | £ | |||
| Fixed Assets | ||||
| Tangible assets | 925270 | 929383 | ||
| 925270 | 929383 | |||
| Cu rrent Asset | ||||
| Debtors: amounts falling due after one year | ||||
| Cash at bank and in hand | 135948 | 79591 | ||
| 135948 | 79591 | |||
| Current Liability | ||||
| Socail secutity and other taxes Accrued expenses |
903 | 2079 720 |
||
| Karda-e- Hanna | 30000 | 30000 | ||
| 30903 | 32799 | |||
| Net Current Liabilities | 105045 | 46792 | ||
| Total Assets Less Current Liability | 1030315 | 976175 | ||
| FINANCED BY | ||||
| Brought forward | 976175 | 976175 | ||
| Add Net Profit/Surplus | 54140 | 54141 | ||
| 1030315 | 1030316 | |||
| 1030315 | 1030316 |
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
l ACCOUNTINGPOLICIES
Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with the statement of recommanded practice (SORP ) " Accounting and reporting by charities" (FRS 102) and Charities act 2016
SHAHPORAN MASJID AND ISLAMIC CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.03.22 | 28.2.21 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Income | |||||
| Donation received | 154144 | 62018 | |||
| JRSGRANT | 1971 | 18195 | |||
| 156115 | 156115 | 80213 | |||
| Direct Charitable expenditure | |||||
| Water | 3060 | ||||
| Light & Heating | 3499 | 3499 | 4653 | ||
| Wages and salaries | 65630 | 65630 | 51761 | ||
| Casual wages | 8521 | 8521 | 390 | ||
| Repair & renewals | 6347 | 6347 | 26762 | ||
| Accountancy fee | 720 | 720 | 720 | ||
| Telephonefax andlnternet | 202 | 202 | 168 | ||
| Licences and Insurance | 4146 | 4146 | 4092 | ||
| Postand stationery Food and Entertainment |
626 1024 |
626 1024 |
2509 500 |
||
| Sundryexpenses | 466 | 466 | 100 | ||
| Donation and Plastine appeal | 966 | 966 | |||
| Cleaning and cleaning materials | 888 | 888 | 760 | ||
| General travel expenses | 12 | 12 | |||
| Bank Charges | 845 | 845 | |||
| Legal and Professional fees | 2333 | 2333 | 324 | ||
| Student and othergift | 1337 | 1337 | |||
| Web design | 300 | 300 | 1097 | ||
| 97862 | 97862 | 96896 | |||
| Gross incoming/(outgoing resources) | 58253 | 58253 | 16683 | ||
| Depreciation Fixture and fittings |
2048 | 2048 | 2048 | ||
| Plant & Machinery | 2065 | 2065 | 2306 | ||
| Net incoming/ outgoing resources before transfer | 54140 | 54140 | 21037 |
APPROVAL
Approved by the trustees and signed on their behalf on
x4..... .@... Mr Muhammad Atiqur Rahman Mr Muhammad Abdul Malik (Chairman) (General Secretary) (Treasurer) ..:ZZl4R![12c.-] Date---2;// Og . 2.'2.te--2:r:l Pg '' 2-2.-