Registered Charity number 1064305
Canterbury Muslim Cultural Centre
Report and Accounts
31 December 2020
Canterbury Muslim Cultural Centre Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 1 |
| Accountants' report | 2 |
| Receipt & Payment Account | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5 to 7 |
Canterbury Muslim Cultural Centre Company Information
Trustees
Dr Sinan Rawi Mr Zayed Zaheer Dr Nazir Bashir Dr Nihad Tamimi A M Mr Ramazan Altun
Accountants
Certax Accounting 6-7 Cecil Square Margate Kent CT9 1BD Registered number 1064305
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Canterbury Muslim Cultural Centre Registered number: 1064305 Trusteess' Report
The charity present their report and accounts for the year ended 31 December 2020.
Principal activities
The charity's principal activities during the year continued to be cultural activities, education and training, relief of poverty and religious activities.
Our main activities were affected during the coronavirus lockdown. However, the charity remains financially secure despite the coronavirus crisis.
Directors
The following persons served as trustees during the year:
Dr Sinan Rawi Mr Zayed Zaheer Dr Nazir Bashir Dr Nihad Tamimi A M Mr Ramazan Altun
This report was approved by the comittee on 7 April 2021 and signed on its behalf.
Dr Nazir Bashir
Signed on behalf of all the trustees
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Canterbury Muslim Cultural Centre Accountants' Report
Accountants' report to the directors of Canterbury Muslim Cultural Centre
You consider that the charity is exempt from an audit for the year ended 31 December 2020. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of accounts. Members have not required the charity to obtain an audit in accordance with section 476 of the Act. Under charity law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period.
In accordance with your instructions, we have prepared the accounts which comprise the Receipts & Payment Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Certax Accounting Accountants
6-7 Cecil Square Margate Kent CT9 1BD
7 April 2021
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Canterbury Muslim Cultural Centre Receipt & Payment Account for the year ended 31 December 2020
| Notes 2020 £ Receipts 184,320 Cost of sales (1,231) Gross profit 183,089 Administrative expenses (51,232) Other operating income 4,095 Excess of Receipts over payments from operations 2 135,952 Interest receivable 96 136,048 136,048 Excess of Receipts over payments before taxation Excess of Receipts over payments for the financial year |
2019 £ 102,074 - 102,074 (76,819) - 25,255 - 25,255 25,255 |
|---|---|
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Canterbury Muslim Cultural Centre Balance Sheet as at 31 December 2020
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Called up share capital 6 Excess of Receipts over payments 7 Capital Balance |
2020 £ 406,220 812 310,676 311,488 (512) 310,976 717,196 343,319 373,877 717,196 |
2019 £ 407,170 - 174,478 174,478 (500) 173,978 581,148 343,319 237,829 581,148 |
|---|---|---|
Dr Sinan Rawi Mr Zayed Zaheer Dr Nazir Bashir Dr Nihad Tamimi A M Mr Ramazan Altun
Approved by the trustee on behalf of all the trustees 7 April 2021
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Canterbury Muslim Cultural Centre Notes to the Accounts for the year ended 31 December 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Canterbury Muslim Cultural Centre Notes to the Accounts for the year ended 31 December 2020
| 2 Excess of Receipts over payments from operations This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Land and buildings £ Cost At 1 January 2020 402,422 At 31 December 2020 402,422 Depreciation At 1 January 2020 - Charge for the year - At 31 December 2020 - Net book value At 31 December 2020 402,422 At 31 December 2019 402,422 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors Other taxes and social security costs 6 Capital Account Capital Account Balance 7 Receipt & Payment Account At 1 January 2020 Excess of Receipts over payments |
2020 £ 950 Fixture & Fittings £ 16,339 16,339 11,591 950 12,541 3,798 4,748 2020 £ 812 2020 £ 500 12 512 2020 £ 343,319 2020 £ 237,829 136,048 |
2019 £ 908 Total £ 418,761 418,761 11,591 950 12,541 406,220 407,170 2019 £ - 2019 £ 500 - 500 2019 £ 343,319 |
|---|---|---|
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Canterbury Muslim Cultural Centre Notes to the Accounts for the year ended 31 December 2020
At 31 December 2020
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373,877
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Canterbury Muslim Cultural Centre Profit and Loss Account for the year ended 31 December 2020
for the information of the trustees only
| Receipts Cost of sales Gross profit Administrative expenses Other operating income Operating profit Interest receivable Excess of Receipts over payments before taxation |
2020 £ 184,320 (1,231) 183,089 (51,232) 4,095 135,952 96 136,048 |
2019 £ 102,074 - 102,074 (76,819) - 25,255 - 25,255 |
|---|---|---|
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Canterbury Muslim Cultural Centre Schedule to the Profit and Loss Account for the year ended 31 December 2020
for the information of the trustees only
| Receipts Donations Arabic School Rental income Cost of sales Other direct costs Administrative expenses Employee costs: Wages and salaries Employer's NI Temporary staff and recruitment Travel and subsistence Motor expenses Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Information and publications Donations Subscriptions Bank charges Insurance Equipment expensed Equipment hire Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Other operating income Other operating income |
2020 £ 163,464 3,631 17,225 184,320 1,231 11,050 145 4,029 897 - 16,121 150 3,584 3,403 2,001 9,138 506 31 - 14,078 125 383 1,302 2,617 400 4,236 950 20 24,648 500 688 137 1,325 51,232 4,095 |
2019 £ 69,561 14,583 17,930 102,074 - 3,900 - 16,595 - 194 20,689 468 2,182 4,451 1,138 8,239 546 44 9,729 4,191 50 10 1,634 423 - 28,416 1,187 173 46,403 500 457 531 1,488 76,819 - |
|---|---|---|
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