2021-12-31-accounts - Jamia Darus Sunnah London

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

JAMIA DARUS SUNNAH LONDON Charity Registration Number: 1059837 Company Registration Number: 3286092

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

REPORTING ACCOUNTANTS:

AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111

Page 1 of 10

JAMIA DARUS SUNNAH LONDON

FOR THE YEAR ENDED 31 DECEMBER 2021

CONTENTS		Pages
Information of financial Statements	:	3
Report of the Executive Committee	:	4
Statement of responsibilities of the	Committee:	5
Independent Examiner's Report	:	7
Income and Expenditure Accounts	:	8
Statement of Assets and Liabilities	:	9
Notes to the Accounts		10

Page 2 of 10

JAMIA DARUS SUNNAH LONDON

FOR THE YEAR ENDED 31 DECEMBER 2021

DIRECTORS

CHAIR PERSON Mohammed Gulam Kibria GENERAL SECRETARY Hussain Ahmed TREASURER Mohammed Mubarak Ali REG. ADDRESS 98 Woodgrange Road Forest Gate London E7 0EN BANKER BARCLAYS BANK PLC

INDEPENDENT EXAMINER

AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111

Charity's Trustees/ Directors

Mohammed Gulam Kibria Hussain Ahmed Mohammed Mubarak Ali Muhammed Nazir Uddin Razzaque Fazlur Rahman

Page 3 of 10

REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2021

JAMIA DARUS SUNNAH LONDON

The Directors present their report and financial statements for the year ended 31 December 2021.

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity.

Legal Status:

Company: Limited by guarantee, company number: 3286092 Charity: Registered with the Charity Commission, Charity Number: 1059837

Directors and their interest:

The following served as directors of the company during the year:

Mohammed Gulam Kibria Hussain Ahmed Mohammed Mubarak Ali Muhammed Nazir Uddin Razzaque

Objects, Principal Activities and Organisation of the Charity

The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The Charity was established with aims & objectives as follows:

The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The Charity was established to advance the education of boys and girls and of the public in all aspects of Islam and to advance the Islamic religion.

The main activity has been that of running schools for Islamic education and this has not changed since the last report.

Page 4 of 10

Organisation:

A Management Committee, the members of which are both directors and trustees manages the affairs of the company and charity.

The Management Committee manages the business of the company and charity including the paying of all expenses.

Trustees:

Trustees, who are all members of the executive committee, and who served during the year are set out on page 3.

The trustees are elected at the Annual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee.

Directors and shareholding

The directors do not have any shares in the company, the company being limited by guarantee. There was a change in the directorship of the company during the year under consideration

Directors’ responsibilities in relation to the financial statements

The directors are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the directors are required to:

(a) select suitable accounting policies and apply them consistently;
(b) make judgements and estimates that are reasonable and prudent;

(c) state whether the policies adopted are in accordance with the Companies Act 1985 and with applicable standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;

(d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The directors are responsible for keeping proper 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 1985.

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.

This report, which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small companies.

INDEPENDENT EXAMINER

According to the provisions of the Charities Act 1993, the Committee has agreed that and audit is not required for this financial year. However due to provisions of the same act an independent examiner is required.

Page 5 of 10

Transaction and financial position

The Statement of Financial Activities shows net surplus for the year of £26,744 and our accumulated funds stand at £751,809 in total.

AM Accountancy Services carried out an independent examination of the accounts included in the report.

This report, which has been prepared in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005.

Approved by the director / trustees and signed on its behalf by

……………………… Mohammed Mubarak Ali Director Date: 15 September 2022

Page 6 of 10

Accountants’ Report

To the Directors / Trustees of JAMIA DARUS SUNNAH LONDON

We report on the accounts for the year ended 31 December 2021 set out on pages 8 to 10 which have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements.

Respective Responsibilities of Directors and Accountants

As described on page 4 and 5 the company’s directors are responsible for the preparation of the financial statements, and they consider that the company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.

Basis of Opinion

We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the Company, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.

Opinion

In our opinion:

(a) The accounts are in agreement with the accounting records kept by the company under Companies Act 2006;
(b) Having regard only to, and on the basis of, the information contained in those accounts:
(1) The accounts have been drawn up in a manner consistent with the accounting requirements specified of the Company Act, and
(2) The company satisfied the conditions for the exemption from an audit of the accounts for the year specified of the Act and did not, at any time within that year, fall within any of the categories of the companies not entitled to the exemption specified of Company Act 2006.

AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA

Date: 17 September 2022

Page 7 of 10

JAMIA DARUS SUNNAH LONDON

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Fund Restricted Fund £ £ Receipts JRS Grants 16,951.0 Local Council Grants 17,358.0 Donations and Contributions 63,461.0 - Students fees 17,939 TOTAL INCOME 98,758 16,951 Less Payments Wages abd NIC 19,161 16,951 Events, Activities and projects costs 863 - Rent and Service Charges - - Cleaning, Maintainance, Light and Heat 5,550 Freelance worker and volunteer expenses 16,450 - Postage, Stationeries and advertising 1,950 Accountancy 1,200 Telephone & Internet 640 Legal & professional and Newham Levy 12,691 Repairs 5,541 Bank & Credit Card charges 213 Travel & Transports - Insurance 1,586 Depreciation 6,170 TOTAL EXPENSES 72,015 16,951 NET SURPLUS /(SHORTFALL) 26,744 -	2021 Total £ 16,951.0 17,358.0 63,461.0 17,939 - 115,709 36,112 863 - 5,550 16,450 1,950 1,200 640 12,691 5,541 213 - 1,586 6,170 - 88,966 26,744	2020 Total £ 20,394.0 27,000.0 17,554.0 17,799.0 - 82,747 44,132 328 2,494 4,908 - 381 600 1,024 800 4,730 - - 1,586 4,272 - 65,255 17,492

Page 8 of 10

JAMIA DARUS SUNNAH LONDON BALANCE SHEET / STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 December 2021

NOTE Fixed Assets Equipments 2 Current Assets Cash at Bank & in Hand Current Liabilities Amount falling due to one year 3 Current Liabilities Amounts Falling due after more than 1 year Private Loan 4 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Balance B/F Income and Expenditure Account Total Funds	£ 54,002 54,002 1,915 52,087 10600	2021 £ 710,322 41,487 751,809 725,065 26,744 751,809	£ 710,322 54,002 - 54,002 1,915 52,087 - 41,487 -

The Notes on pages 10 form part of the financial statements.

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accourdance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accourdance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors acknowledge their responsibility for:

(i) ensuring the company keeps accounting records which comply with Company Act 2006; and
(ii) preparing accounts which give a true and fair view of the state of the affairs of the company as at
the end of its financial year, and of its profit and loss for the financial year, in accordance with the provision in part 15 of Company Act 2006 and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.

The Financial Statements were approved by the Directors on 15 September 2022 and signed on their behalf by:

………………………….. Mohammed Mubarak Ali

Page 9 of 10

JAMIA DARUS SUNNAH LONDON

FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

The financial statements have been compiled in accordance with the general directions given by the Charity Commission and with the Statements of recommended Practice.

Depreciation on fixed assets are provided at the rate of 10% on reducing balance method

a. Basis of Accounting

The accounts have been prepared under the historical cost convention of accounting.

b. Grants

Revenue grants are credited to the Income and Expenditure account on a receivable basis.

c. Donations

Donation are recorded on a receipt basis.

2 Fixed Assets Cost / Bal B/F Additions Depreciation @ 10% Bal c/f 3. LIABILITIES Amount failing due within one year Other Accruals Accountancy	Fix. Fitt. & EQP Freehold Property £ £ 38445 654796 23250 61695 654796 6170 - 55526 654796 £	Total £ 693241 23250 716491 6170 710322 £ 715 1,200 1,915

Amounts Falling due after more than 1 year 4 Private Loan Balance B/F Additions Less paid during the year Balance C/F	9600 31500 30500 10600

Page 10 of 10