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 1 **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 2 ## **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 3 ## **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| |---|---| 4 ## **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 5 **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. 6 ## **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| |---|---|---| 7 ## **Canterbury Muslim Cultural Centre Notes to the Accounts for the year ended 31 December 2020** At 31 December 2020 **----- Start of picture text -----**
373,877
**----- End of picture text -----**
8 ## **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| |---|---|---| 9 ## **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
-| |---|---|---| 10