Registered number 03783456
Shahjalal Jame Mosque Trust Limited
Accounts
30 June 2024
Adams Root Limited t/a Adams Root & Associates Chartered Certified Accountants Bristol
Shahjalal Jame Mosque Trust Limited Report and accounts Contents
| Page | |
|---|---|
| Legal and Administrative Information | 1 - 2 |
| Report of the Trustees | 3 - 4 |
| Chartered Certified Accountant's Report | 5 |
| Statements of Financial Activities | 6 |
| Charity Balance Sheet | 7 |
| Notes forming part of the financial statements | 8 - 9 |
| The following pages do not form part of the statutory accounts | |
| Detailed profit and loss account | 10 |
| Detailed balance sheet | 11 |
Shahjalal Jame Mosque Trust Limited
Legal and Administrative information
Constitution
Shahjalal Jame Mosque Trust Limited is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Charity number 1076388. The company number is 3783456. The company was incorporated on 7th June 1999.
Directors and Trustees
The Directors of the charitable company ('the charity') are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
Trustees are appointed through a selection process carried out by the original nine subscribers. Trustees are appointed on a permanent basis and are not required to retire by rotation annually.
The Trustees serving during the year and since the year end were as follows:
Directors
A S Chowdhury N Islam S U Chowdhury
Secretary
A S Chowdhury
Accountants
Adams Root Limited t/a Adams Root & Associates Chartered Certified Accountants 86 Shirehampton Road Stoke Bishop Bristol BS9 2DR
Bankers
Lloyds TSB Bank Plc 124 High Street Fishponds Bristol BS16 5HJ
Solicitors
Shahnaz and Partners Unit 8, Quebec Wharf 14 Thomas Road London E14 7AF
1
Shahjalal Jame Mosque Trust Limited
Registered office
308 Ashley Down Road Ashley Down Bristol BS7 9BG
Registered number
03783456
2
Shahjalal Jame Mosque Trust Limited
Report of the Trustees of the year ended 30th June 2024
The Trustees are pleased to present their report together with the financial statements of the Charity of the year ended 30th June 2024.
The legal and administrative information set out on page 1 form a part of this report. The financial statements comply with the current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities.
Objects of the Charity
The objects of the Charity are to:
-
To provide a place for Muslims to preform their regular prayers.
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To promote and enlist in co-operation in Islamic Education and Culture and to advance the knowledge and understanding of Islam.
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To organise Islamic conferences, religious meetings, functions, seminars, sessions for interpretation and translation of Quran and Islamic festivals.
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To arrange Islamic Education classes for the children or alternatively to establish and maintain an Islamic religious school.
Audit
The company had taken advantage of the exemption from the requirements to have its accounts audited.
Organisation
A Board of Trustees of up to three members, who meet monthly, administers the Charity. The day-to-day affairs of the Charity are dealt with by the subscribers.
Investment Powers
Under the Memorandum and Articles of Association, the Charity has the power to make any investment that the Trustees see fit.
Related Parties
The bank funding is secured by the personal guarantee of the Trustees (in addition to the charge on the Charity's Freehold Property).
Review of the activities and future development
During the year the normal religious activities have continued.
Future developments will cover the on-going work and maintaining the interior and exterior of the Mosque.
Reserve Policy and risk management
The Charity has in place, specific commitments from its members to continue their financial support, to enable the Charity to fund its monthly repayments to the Bank, the Trustees are confident that the support of members will continue into the foreseeable future.
In the event of winding up, the liability of the members is limited to £1 each.
Mosque Extension - Khadija Centre
Construction work of Khadija Centre is almost finished 95% of works has been completed which was started in March 2019. It was supposed to finish in April 2020 but due to the coronavirus pandemic, the building work had been interrupted. The Charity already spent £11,456 during this financial year and so far £ 395,589 for this project; work in progress continued.
3
Shahjalal Jame Mosque Trust Limited
Report of the Trustees of the year ended 30th June 2024
Trustees responsibilities in the relation to the financial statements
Company Law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the Charity, at the end of the financial year and its surplus or deficit for the financial year. In doing so, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent; 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 business.
The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
These accounts have been prepared in accordance with the special provisions relating to Small Companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard to Smaller Entities and SORP 2015
By order of the Trustees
S U Chowdhury
Dated - ….........................
4
Shahjalal Jame Mosque Trust Limited
Report to the directors on the preparation of the unaudited statutory accounts of Shahjalal Jame Mosque Trust Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shahjalal Jame Mosque Trust Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account and the Balance Sheet from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Shahjalal Jame Mosque Trust Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Shahjalal Jame Mosque Trust Limited and state those matters that we have agreed to state to the Board of Directors of Shahjalal Jame Mosque Trust Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shahjalal Jame Mosque Trust Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shahjalal Jame Mosque Trust Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shahjalal Jame Mosque Trust Limited. You consider that Shahjalal Jame Mosque Trust Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Shahjalal Jame Mosque Trust Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Adams Root Limited t/a Adams Root & Associates Chartered Certified Accountants
86 Shirehampton Road Stoke Bishop Bristol BS9 2DR
…................
5
Shahjalal Jame Mosque Trust Limited Statement of financial activities for the year ended 30 June 2024
| Incoming Resources Contributions and Donations (including gift aid donation) received Staff costs Depreciation and other amounts written off assets Other charges Net Income for year (operating activities) Total funds brought forward Total funds carried forward |
2024 £ 120,257 (10,821) (22,124) (22,086) 65,226 1,133,028 1,198,254 |
2023 £ 162,420 (17,416) (22,007) (19,889) |
|---|---|---|
| 103,108 1,029,920 |
||
| 1,133,028 |
- The statement of Financial Activities includes all gains and losses recognised in the year • All incoming resources and resources expended dervive from continuing activities
| Reconciliation of Movement in Funds Unrestricted General Funds Opening Funds 1st July Surplus for the year Closing Funds at 30th June |
1,133,028 65,226 1,198,254 |
1,029,920 103,108 |
|---|---|---|
| 1,133,028 |
6
Shahjalal Jame Mosque Trust Limited Registered number: Balance Sheet as at 30 June 2024
03783456
| Tangible Fixed Assets Freehold Property Buildings (Khadija Centre) in progress Car Park Equipment Current assets Cash at Bank Current liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Capital and reserves Unrestricted general fund Average number of employees |
2024 £ 680,332 135,604 19,125 3,990 839,051 361,580 (2,377) 359,203 1,198,254 1,198,254 Number 1 |
2023 £ 694,773 131,831 19,125 - 845,729 290,308 (3,009) 287,299 1,133,028 1,133,028 Number 1 |
2023 £ 694,773 131,831 19,125 - 845,729 290,308 (3,009) 287,299 1,133,028 1,133,028 Number 1 |
|---|---|---|---|
| 1,133,028 | |||
| 1,133,028 | |||
| Number 1 |
For the year ending 30th June 2024, the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board and signed on its behalf
S U Chowdhury Director Approved by the board on …................
7
Shahjalal Jame Mosque Trust Limited
Notes forming part of the Financial Statements for the year ended 30th June 2024
Accounting Policies
The financial statements have been prepared under the historical cost convention and in accordance with the Statements of Recommended Practice, Accounting and Reporting by Charities (SORP 2015), applicable accounting standards FRS 102 and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are as follows:
Cash Flow
The accounts do not include a cash flow statement for the company, as a Small Reporting Entity is exempt form the requirements to do so under FRS 102.
Depreciation: Freehold Property
In accordance with the Statements of Standard Accounting Practice 12, the company has provided for depreciation on a straight -line-basis at 2% on buildings (freehold property). No depreciation has been considered for car park (land). No depreciation charged on Khadija Centre as the work is in progress.
Donations and Grants
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable, except as follows:
-
When donors specify that the donations and grants given to the Charity must be used in future accounting periods, the income is deferred until those periods.
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When donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.
When donors specify that donations and grants including capital gains, are for particular purposes which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Intangible Income
Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.
Interest receivable
Interest is included when receivable by the Charity
Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered.
Fund accounting
Funds held by the Charity are either:
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Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees
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Designated funds - these are funds set aside by the Trustees out of unrestricted general funds for specific future purpose or projects.
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Restricted funds - these are funds that 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.
8
Shahjalal Jame Mosque Trust Limited
Notes forming part of the Financial Statements for the year ended 30th June 2024
Legal status of the Charity
The Charity is a company limited by guarantee and had no share capital. The liability of each member in the event of
| Incoming Resources Contributions and Donations received Tangible Fixed Assets Freehold Property At cost - 1st July Additions during the year At cost - 30th June Depreciation at 1st July Charge for the year Depreciation at 30th June Net Book Value at 30th June Car Park Net Fixed Assets |
2024 £ 120,257 1,106,195 11,456 1,117,651 279,591 22,124 301,715 815,936 19,125 835,061 |
2023 £ 162,420 |
|---|---|---|
| 1,100,365 5,830 |
||
| 1,106,195 | ||
| 257,584 22,007 |
||
| 279,591 | ||
| 826,604 19,125 845,729 |
Taxation
The company is a registered Charity and does not have a Corporation Tax Liability
Directors/Trustees Emoluments
The Directors/Trustees do not receive any emoluments.
Capital Commitments
The Charity has no current Capital Commitments.
Post Balance Sheet Events
No events have occurred since the date of these accounts which would have a material bearing on them.
Reserves
Unrestricted General Funds 1,198,254 1,133,028
9
Shahjalal Jame Mosque Trust Limited Detailed profit and loss account items for the year ended 30 June 2024
This schedule does not form part of the statutory accounts
| Sales Sales Staff costs Wages and salaries Pensions Depreciation and other amounts written off assets Depreciation Other charges Premises costs: Rates Light and heat General administrative expenses: Telephone and internet Stationery and printing Bank charges Insurance Equipment expensed Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional |
2024 £ 120,257 10,323 498 10,821 22,124 1,084 12,858 13,942 1,660 950 327 2,446 1,958 115 7,456 654 34 688 22,086 |
2023 £ 162,420 |
|---|---|---|
| 16,800 616 |
||
| 17,416 | ||
| 22,007 | ||
| 1,666 13,938 |
||
| 15,604 | ||
| 668 - 392 1,999 457 115 |
||
| 3,631 | ||
| 504 150 |
||
| 654 | ||
| 19,889 |
10
Shahjalal Jame Mosque Trust Limited Detailed balance sheet items as at 30 June 2024
This schedule does not form part of the statutory accounts and should NOT be sent to HMRC
| Fixed assets Land and buildings Plant and machinery Current assets Cash at bank and in hand Creditors: amounts falling due within one year Other taxes and social security costs Other creditors Capital and reserves Profit and loss account Profit and loss account Brought forward Profit |
2024 £ 835,061 3,990 839,051 361,580 - 2,377 2,377 1,198,254 1,133,028 65,226 1,198,254 |
2023 £ 845,729 - |
|---|---|---|
| 845,729 | ||
| 290,308 | ||
| - 3,009 |
||
| 3,009 | ||
| 1,133,028 | ||
| 1,029,920 103,108 |
||
| 1,133,028 |
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