Charity number: 1064305
Canterbury Muslim Cultural Centre
Unaudited
Trustees’ Report and Financial Statements
for the Year Ended 31 December 2021
Canterbury Muslim Cultural Centre
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees’ Report | 2-3 |
| Income & Expenditure Report | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6-8 |
| Detailed Income & Expenditure Report | 9-10 |
Canterbury Muslim Cultural Centre
Reference and Administrative Details Of the Charity, its Trustees and Advisors for the Year Ended 31 December 2021
TRUSTEES: Dr Sinan Rawi Mr Zayed Zaheer Dr Nazir Bashir Dr Nihad Tamimi A M Mr Ramazan Altun
REGISTERED OFFICE:
1 Giles Lane Canterbury Kent CT2 7LT
CHARITY REGISTERED NUMBER: 1064305
ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
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Canterbury Muslim Cultural Centre
Trustees’ Report
for the Year Ended 31 December 2021
The Trustees present their annual report together with the financial statement of the Charity for the period 1 January 2021 to 31 December 2021. The Trustees confirm that the Annual report and financial statement of the charity comply with the current statutory requirements, the requirements of the charities governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
There were no changes in any structure, governance and management for the period ended 31 December 2021.
OBJECTIVE AND ACTIVITIES
The Charity's activities during the year in line with its governing documents were:
To advance the Islamic religion in accordance with the Quran and sunnah of the prophet Mohammed.
To cultivate the education of Muslim children in according to the tenets and teaching of Islam.
Additional activities during the year were:
To provide social, cultural and faith-based needs to the Muslim community.
To provide social and cultural contacts for the students and the visitors from home and abroad.
To hold the daily prayers and the Friday Service for men, women and children.
To provide a Sunday school and Arabic language classes to the children and teenagers at the university campus.
To co-ordinate advice and support to the local stakeholders including Local Police Force, the City Council, the Prison Services, the Local Hospitals, the University of Kent, Cadma, Candifa and other statutory and voluntary bodies.
To encourage social inclusion by bringing the Muslim community in contact with the wider community.
To give advice and provide support to the bereaved families, to hold prayer and to arrange the burial, with the help of the Imam and the committee.
To generate funds only from donations and charitable events and only use them for peaceful purposes.
To raise funds towards extending the building at the mosque.
FINANCIAL REVIEW
Reserves policy
The trustees have reviewed the reserves of the charity, and have deemed no change is required.
Principal funding sources
The charity’s main source of income is donation from members of the congregation.
Investment policy
Currently, the charity has investment in one dwelling, being the mosque. It is the intention within the next financial year to utilise surplus reserves towards the mosque extension project.
Future plans
The Extension Project
Plans have been developed towards a two-story build, expanding the main hall and upper floors into residence areas. Phase one is due to commence in October 2022, with construction anticipated to be completed at Ramadan 2023. The following phase is expected to commence from Eid with completion by June 2023.
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Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees’ annual report was approved on ………………………………….. and signed on behalf of the board of trustees by:
......................................................................
Date: .............................................
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Canterbury Muslim Cultural Centre
| Income & Expenditure Statement for the Year Ended 31 December 2021 2021 Notes £ INCOME 124,027 Direct costs 8,621 GROSS SURPLUS/(DEFICIT) 115,406 Administrative expenses 94,645 20,761 Other operating income 8,100 OPERATING SURPLUS/(DEFICIT) 4 28,861 Interest receivable and similar income 42 SURPLUS/(DEFICIT) BEFORE TAXATION 28,903 Tax on surplus - SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 28,903 |
2020 £ 184,320 1,231 183,089 51,232 131,857 4,095 135,952 96 136,048 - 136,048 |
|---|---|
The notes form part of these financial statements
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Canterbury Muslim Cultural Centre (Registered number: 1064305)
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Capital account 8 Excess of Receipts over Payments 9 |
Balance Sheet 31 December 2021 2021 £ - 342,141 342,141 1,312 |
£ 405,270 340,829 746,099 343,319 402,780 746,099 |
2020 £ 812 310,676 311,488 512 |
£ 406,220 310,976 717,196 343,319 373,877 717,196 |
|---|---|---|---|---|
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to the account records and the preparation of accounts.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed by:
........................................................................
The notes form part of these financial statements
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Canterbury Muslim Cultural Centre
Notes to the Financial Statements for the Year Ended 31 December 2021
1. STATUTORY INFORMATION
Canterbury Muslim Cultural Centre is an unincorporated charity, registered at the Charities Commission.
2. ACCOUNTING POLICIES
Statement of Compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)).
Basis of Preparation
These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties regarding the charity’s ability to continue.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 .
continued...
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Canterbury Muslim Cultural Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
4. EXCESS OF RECEIPTS OVER PAYMENTS FROM OPERATIONS
This is stated after charging:
| Depreciation - owned assets 5. TANGIBLE FIXED ASSETS Land and buildings £ COST At 1 January 2021 and 31 December 2021 402,422 DEPRECIATION At 1 January 2021 - Charge for year - At 31 December 2021 - NET BOOK VALUE At 31 December 2021 402,422 At 31 December 2020 402,422 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2021 £ 950 Plant and machinery etc £ 16,339 12,541 950 13,491 2,848 3,798 2021 £ - 2021 £ - 12 1,300 1,312 |
2020 £ 950 Totals £ 418,761 12,541 950 13,491 405,270 406,220 2020 £ 812 2020 £ 500 12 - 512 |
|---|---|---|
This page forms part of the statutory financial statements
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Canterbury Muslim Cultural Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
8. CAPITAL ACCOUNT
Other debtors
| 2021 £ 343,319 |
2020 £ 343,319 |
|---|---|
9. RECEIPT & PAYMENT ACCOUNT
2021 At 1 January 2021 378,877 Excess of Receipts over Payments 28,903 At 31 December 2021 402,780
This page forms part of the statutory financial statements
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Canterbury Muslim Cultural Centre
| Income Donations Arabic School Rental income Direct cost Other direct costs GROSS SURPLUS/(DEFICIT) Other income Other operating income Deposit account interest Administrative Expenditure Premises costs: Rent Rates and water Light and heat Household and cleaning Employee costs: Wages Social security Temporary staff and Recruitment General administrative costs: Insurance Hire of equipment Equipment expensed Telephone and fax Stationary and printing Travelling Repairs and renewals Sundry expenses Subscriptions Depreciation of tangible fixed assets |
Detailed Profit and Loss Account for the Year Ended 31 December 2021 2021 £ £ 109,532 1,500 12,995 124,027 8,621 115,406 8,100 42 8,142 123,548 - 3,265 4,646 3,647 11,558 26,505 - 1,500 28,005 1,162 275 233 333 528 - 4,255 868 479 950 9,084 |
Detailed Profit and Loss Account for the Year Ended 31 December 2021 2021 £ £ 109,532 1,500 12,995 124,027 8,621 115,406 8,100 42 8,142 123,548 - 3,265 4,646 3,647 11,558 26,505 - 1,500 28,005 1,162 275 233 333 528 - 4,255 868 479 950 9,084 |
Detailed Profit and Loss Account for the Year Ended 31 December 2021 2021 £ £ 109,532 1,500 12,995 124,027 8,621 115,406 8,100 42 8,142 123,548 - 3,265 4,646 3,647 11,558 26,505 - 1,500 28,005 1,162 275 233 333 528 - 4,255 868 479 950 9,084 |
2020 £ 163,464 3,631 17,225 4,095 96 150 3,584 3,403 2,001 |
£ 184,320 1,231 183,089 4,191 |
|
|---|---|---|---|---|---|---|
| 2021 £ 109,532 1,500 12,995 |
||||||
| 8,100 42 - 3,265 4,646 3,647 26,505 - 1,500 1,162 275 233 333 528 - 4,255 868 479 950 |
124,027 8,621 115,406 8,142 123,548 11,558 |
|||||
| 187,280 | ||||||
| 9,138 15,224 11,084 |
||||||
28,005 |
11,050 145 4,029 1,302 400 2,617 506 31 897 4,236 20 125 950 |
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| 9,084 |
This page does not form part of the statutory financial statements
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| Legal and professional costs: Accountancy Advertising and PR Legal and professional fees Charitable costs: Donations Voucher costs Refugee support costs Finance costs Finance charges Total Expenditure NET SURPLUS/(DEFICIT) |
800 855 9,065 16,496 11,847 6,038 |
10,720 34,380 898 94,645 28,903 |
500 688 137 14,078 - - |
4,191 14,078 383 51,952 136,048 |
|
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This page does not form part of the statutory financial statements
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