REGISTERED CHARITY NUMBER: 1073906
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. 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:
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24/7 phone line to assist any member of community in deed regardless of any ethnic background or
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religion
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Providing a friendly phone service to help people that may be isolated or lonely
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Referring members of the community to correct services in time of needs
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Food parcel delivery free of charge to residents who are having difficulty to cope
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Assist with shopping and delivery
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Posting mail/parcel
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Online tutoring
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Prescription's collection
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Advice and counselling
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Provided NHS staff with food at Darent Valley Hospital
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 2024
Trustees
The trustees present their report and financial statements for the year ended 30 June 2024.
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:-
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a) To advance the Islamic religion.
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b) To advance the education in accordance with the tenets and doctrines of Islam.
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c) To relieve Muslims and others who are in need by reason of poverty, sickness and/or distress.
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d) To provide and assist in the provision of facilities for recreation and other leisure time occupations in the
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 £134,729 (2023: £107,065 ). The total resources expended amounted to £76,494 (2023: £77,036).
There was a net surplus, that increases the reserves held by the charity of £58,235 (2023: £30,029).
This year sees the continuation of a programme of improvements, and alterations to the property. Over a 6 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 2024
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 2024.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 134,729 EXPENDITURE ON Raising funds 2 50,199 Charitable activities Premises expenses 26,295 Total 76,494 NET INCOME 58,235 RECONCILIATION OF FUNDS Total funds brought forward 565,332 TOTAL FUNDS CARRIED FORWARD 623,567 |
2023 Total funds £ 107,065 |
|---|---|
| 54,926 22,110 |
|
| 77,036 | |
| 30,029 535,303 |
|
| 565,332 |
The notes form part of these financial statements
Page 5
NORTH WEST KENT MUSLIM ASSOCIATION
Balance Sheet 30 JUNE 2024
| Notes FIXED ASSETS Tangible assets 5 Investment property 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2024 2023 Unrestricted Total fund funds £ £ 462,684 456,030 10,000 10,000 472,684 466,030 5,000 - 155,883 109,302 160,883 109,302 (10,000) (10,000) 150,883 99,302 623,567 565,332 623,567 565,332 623,567 565,332 623,567 565,332 |
|---|---|
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 2024
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 2024
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | |||
|---|---|---|---|
| Support costs Investment management costs Property repairs & maintenance Aggregate amounts |
2024 £ 41,922 2024 £ 8,277 50,199 |
2023 £ 50,050 |
|
| 2023 £ 4,876 54,926 |
2023 £ 4,876 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
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. |
2024 1 |
2023 1 |
|---|---|---|
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continued...
NORTH WEST KENT MUSLIM ASSOCIATION
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2024
| 5. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 July 2023 454,297 Additions 7,000 At 30 June 2024 461,297 DEPRECIATION At 1 July 2023 - Charge for year - At 30 June 2024 - NET BOOK VALUE At 30 June 2024 461,297 At 30 June 2023 454,297 6. INVESTMENT PROPERTY FAIR VALUE At 1 July 2023 and 30 June 2024 NET BOOK VALUE At 30 June 2024 At 30 June 2023 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Plant and machinery £ 37,594 - 37,594 35,861 346 36,207 1,387 1,733 2024 £ 5,000 |
Totals £ 491,891 7,000 |
Totals £ 491,891 7,000 |
|---|---|---|---|
| 498,891 | |||
| 35,861 346 |
|||
| 36,207 | |||
| 462,684 | |||
| 456,030 | |||
| £ 10,000 |
|||
| 10,000 | |||
| 10,000 | |||
| 2023 £ - |
Page 9
continued...
NORTH WEST KENT MUSLIM ASSOCIATION
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2024
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 10. MOVEMENT IN FUNDS At 1/7/23 £ Unrestricted funds General fund 565,332 TOTAL FUNDS 565,332 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 134,729 TOTAL FUNDS 134,729 |
2024 £ 10,000 2024 £ 10,000 Net movement in funds £ 58,235 58,235 Resources expended £ (76,494) (76,494) |
2023 £ 10,000 2023 £ 10,000 At 30/6/24 £ 623,567 623,567 Movement in funds £ 58,235 58,235 |
|---|---|---|
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continued...
NORTH WEST KENT MUSLIM ASSOCIATION
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/7/22 in funds £ £ Unrestricted funds General fund 535,303 30,029 TOTAL FUNDS 535,303 30,029 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 107,065 (77,036) TOTAL FUNDS 107,065 (77,036) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1/7/22 in funds £ £ Unrestricted funds General fund 535,303 88,264 TOTAL FUNDS 535,303 88,264 |
At 30/6/23 £ 565,332 565,332 Movement in funds £ 30,029 30,029 At 30/6/24 £ 623,567 623,567 |
|---|---|
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continued...
NORTH WEST KENT MUSLIM ASSOCIATION
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2024
10. 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 £ 241,794 241,794 |
Resources expended £ (153,530) (153,530) |
Movement in funds £ 88,264 88,264 |
|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
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NORTH WEST KENT MUSLIM ASSOCIATION
Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2024
| 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 |
2024 £ 133,604 1,125 134,729 134,729 8,277 3,243 - 16,002 73 - 5,200 24,518 2,107 13 2,120 39,815 347 40,162 1,417 |
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 |
This page does not form part of the statutory financial statements
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NORTH WEST KENT MUSLIM ASSOCIATION
Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2024
| Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2024 |
||
|---|---|---|
| Total resources expended Net income |
2024 £ 76,494 58,235 |
2023 £ |
| 77,036 | ||
| 30,029 |
This page does not form part of the statutory financial statements
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