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2023-06-30-accounts

REGISTERED CHARITY NUMBER: 1073906

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

NORTH WEST KENT MUSLIM ASSOCIATION

Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG

NORTH WEST KENT MUSLIM ASSOCIATION

Contents of the Financial Statements FOR THE YEAR ENDED 30 JUNE 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14

NORTH WEST KENT MUSLIM ASSOCIATION

Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2023

The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the pandemic a 24/7 helpline was set up to help and support diverse community and residents of Dartford Borough Council and Borough of Bexley Council.

The services included:

We worked in liaison with;

Bexley Help line (Bexley council services), rethink mental health (helping Syrian refugee family), Healthy Living Centre (Dartford), daily Bazar halal grocery shop, Help the aged, Kent together (Dartford council services), Age UK (North West Kent), Crayford Baptist Church, Age UK (Bexley) Samaritans 24 hour Help line counselling.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1073906

Principal address

NORTH WEST KENT MUSLIM ASSOCIATION 6O CRAYFORD HIGH STREET DARTFORD DA1 4EF

Page 1

NORTH WEST KENT MUSLIM ASSOCIATION

Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2023

Trustees

The trustees present their report and financial statements for the year ended 30 June 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and“Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity exists for the benefit of the public, especially Muslim inhabitants of North West Kent (which includes Dartford, Crayford, Swanley, Bexley and surrounding areas). T here has been no change to thisduring the year.

The specific aims of the charity are:-

interest of social welfare and with the objective of improving conditions of life of the said inhabitants. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities

the charity should undertake.

Achievements and performance Financial review

During the year the charity raised donations of £107,065 (2022: £104,695 ). The total resources expended amounted to £77,036 (2022: £89,190).

There was a net surplus, that increases the reserves held by the charity of £30,029 (2022: £15,505).

This year sees the continuation of a programme of improvements, and alterations to the property. Over a 5 year period, from 2017, it is envisaged that approximately £150,000 will be spent on the internal space andexternal look of the premises. All of this expenditure is viewed as revenue expense and will be met in partfrom donations and also a reduction in the unrestricted fund balance.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees who served during the year and up to the date of signature of the financial statements were:

Page 2

NORTH WEST KENT MUSLIM ASSOCIATION

Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2023

Mr L Wahed Mr S S Alum Mr M A Munim

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Independent Examiner

Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................ S Alum - Trustee

Page 3

Independent Examiner's Report to the Trustees of North West Kent Muslim Association

Independent examiner's report to the trustees of North West Kent Muslim Association

I report to the charity trustees on my examination of the accounts of North West Kent Muslim Association (the Trust) for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adams & Moore

Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG

Date: .............................................

Page 4

NORTH WEST KENT MUSLIM ASSOCIATION

Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2023

2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
107,065
EXPENDITURE ON
Raising funds
2
54,926
Charitable activities
Premises expenses
22,110
Total
77,036
NET INCOME
30,029
RECONCILIATION OF FUNDS
Total funds brought forward
535,303
TOTAL FUNDS CARRIED FORWARD
565,332		 2022
Total
funds
£
104,695
40,233
48,957
89,190
15,505
519,798
535,303

The notes form part of these financial statements

Page 5

NORTH WEST KENT MUSLIM ASSOCIATION

Balance Sheet 30 JUNE 2023

Notes
FIXED ASSETS
Tangible assets
5
Investment property
6
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
9
Unrestricted funds
TOTAL FUNDS		 2023
2022
Unrestricted
Total
fund
funds
£
£
456,030
456,464
10,000
10,000
466,030
466,464
109,302
78,839
(10,000)
(10,000)
99,302
68,839
565,332
535,303
565,332
535,303
565,332
535,303
565,332
535,303

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. S Alum - Trustee

The notes form part of these financial statements

Page 6

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Related party exemption

The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 7

continued...

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2023

2. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Support costs
Investment management costs
Property repairs & maintenance
Aggregate amounts		 2023
£
50,050
2023
£
4,876
54,926		 2022
£
35,233
2022
£
5,000
40,233		 2022
£
5,000

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Average number of employees
No employees received emoluments in excess of £60,000.		 2023
1		 2022
1

Page 8

continued...

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2023

5.
TANGIBLE FIXED ASSETS
COST
At 1 July 2022 and 30 June 2023
DEPRECIATION
At 1 July 2022
Charge for year
At 30 June 2023
NET BOOK VALUE
At 30 June 2023
At 30 June 2022
6.
INVESTMENT PROPERTY
FAIR VALUE
At 1 July 2022
and 30 June 2023
NET BOOK VALUE
At 30 June 2023
At 30 June 2022		 Freehold
property
£
454,297
-
-
-
454,297
454,297		 Plant and
machinery
£
37,594
35,427
434
35,861
1,733
2,167		 Totals
£
491,891		 Totals
£
491,891
35,427
434
35,861
456,030
456,464
£
10,000
10,000
10,000

Page 9

continued...

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2023

7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
8.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
9.
MOVEMENT IN FUNDS
At 1/7/22
£
Unrestricted funds
General fund
535,303
TOTAL FUNDS
535,303
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
107,065
TOTAL FUNDS
107,065		 2023
£
10,000
2023
£
10,000
Net
movement
in funds
£
30,029
30,029
Resources
expended
£
(77,036)
(77,036)		 2022
£
10,000
2022
£
10,000
At
30/6/23
£
565,332
565,332
Movement
in funds
£
30,029
30,029

Page 10

continued...

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2023

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1/7/21
in funds
£
£
Unrestricted funds
General fund
519,798
15,505
TOTAL FUNDS
519,798
15,505
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
104,695
(89,190)
TOTAL FUNDS
104,695
(89,190)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/7/21
in funds
£
£
Unrestricted funds
General fund
519,798
45,534
TOTAL FUNDS
519,798
45,534		 At
30/6/22
£
535,303
535,303
Movement
in funds
£
15,505
15,505
At
30/6/23
£
565,332
565,332

Page 11

continued...

NORTH WEST KENT MUSLIM ASSOCIATION

Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2023

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
211,760
211,760		 Resources
expended
£
(166,226)
(166,226)		 Movement
in funds
£
45,534
45,534

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.

Page 12

NORTH WEST KENT MUSLIM ASSOCIATION

Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other income
Total incoming resources
EXPENDITURE
Investment management costs
Property repairs & maintenance
Charitable activities
Rent & Rate
Motor expenses
Light and Heat
Telephone
Equipment expensed
Grants to individuals
Support costs
Management
Legal and professional
Bank charges
Human resources
Wages
Depreciation of tangible fixed assets
Other
Premises Expenses		 2023
£
106,045
1,020
107,065
107,065
4,876
1,367
72
16,243
19
410
2,541
20,652
1,700
-
1,700
48,350
433
48,783
1,025		 2022
£
103,765
930
104,695
104,695
5,000
3,076
168
4,118
-
31,990
8,115
47,467
-
13
13
35,220
542
35,762
948

This page does not form part of the statutory financial statements

Page 13

NORTH WEST KENT MUSLIM ASSOCIATION

Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2023

Detailed Statement of Financial Activities
FOR THE YEAR ENDED 30 JUNE 2023
Total resources expended
Net income		 2023
£
77,036
30,029		 2022
£
89,190
15,505

This page does not form part of the statutory financial statements

Page 14