MALDON DISTRICT ISLAMIC CULTURAL ASSOCIATION Receipts & Payments Accounts YE December 2020
Charity Registration Number: 1082087
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Maldon District Islamic Cultural Association
Contents,
| Page | |
|---|---|
| Charity information | 2 |
| Aims and Objectives & | |
| Trustees reports and responsibilities | 3 |
| Independent Examination Reports | 4 |
| Receipts and Payments Accounts | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes | 7 |
Maldon Islamic Cultural Association
Charity Information
Trustees
Mr Mohammed Tufael Ahmed Mr Mohammed Foyaj Miah
Accountants
Mohammed Chowdhury FMAAT
Chadwell Accounting Services Ltd Office 6 65B London Road Romford Essex RM7 9QA
BARCLAYS BANK
Sort Code: 20-54-30 Account Number: 80148369
Registered office
Maldon District Islamic Cultural Association (Muslim Hall) Church street Maldon Essex CM9 5HP
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Aims and Objective:
TO ADVANCE THE ISLAMIC RELIGION IN ACCORDANCE WITH THE QURAN AND SUNNAH. TO ADVANCE THE EDUCATION OF MUSLIM CHILDREN IN ACCORDANCE WITH THE TENETS AND DOCTRINES OF ISLAM.
Statement of Trustees' Responsibilities
Charity Law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:
The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' Report
The report of the trustees for the year ended 31[st] December 2020 Financial Review and Future Plans.
At the end of this financial year, the charity has £14,850 at bank. The trustees are not expecting any financial hardship in the coming year, but still sufficient cashflow which can cover 6 months costs. In this reporting period, we secured a total income of: £28,300 mainly from fund raising activities, Friday collections, members’ contribution, MDCG & HMRC JRS Grant. The most notable source of income for this financial year was the revenue from donations. The charity owns a tangible fixed asset premises estimated at £242K.
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Independent Examination Reports: YE 31/12/2020
I report on the accounts of the charity for the year ended 31st December 2020.
Respective Responsibilities of Trustee and Examiner:
As the charities trustees you are responsible for the preparation of accounts. You consider the audit requirement of S144 (2) of the charities act 2011 does not apply, and that an independent examination is needed. It is my responsibility to examine the accounts under s145 of the 2011 Act to follow the procedures laid down in the general directions given by the Charity Commission under S145(5) (b) of the 2011 act and to state whether particular matters have come to my attention.
Basis of Independent Examiners Report:
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking of explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in audit and consequently no option is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiners qualifed statement:
In connection with my examination, no matter has come to my attention.
- Which gives me reasonable cause to believe that, in any material respect, the requirements:
To keep accounts records in accordance with the CC S130 of the 2011 Act.
To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 -Act.
MOHAMMED CHOWDHURY FMAAT
AAT Licensed Accountant & Independent Charity Examiner Chadwell Accounting Services Limited (T/A Alam & Co) Office 6, 65B London Road, Romford, Essex RM7 9QA
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Maldon District Islamic Cultural Association
Receipts and Payments Accounts for the year ended 31 December 2020
Receipts and Payments Accounts at the Year End 31 December 2020
| 2020 2019 | |
|---|---|
| Income: |
£ £ |
| Charitable Donations | 13,007 15,094 |
| Maldon district Council Grant | 10,000 |
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| HMRC JRS Grant | 5,294 | |
|---|---|---|
| Total | 28,301 | 15,094 |
| Less: Expenses | ||
| Charitable expenditure | 10,586 | 11,102 |
| Governance Costs | 11,410 |
3,391 |
| Net Surplus/Defcit | 6,304 | |
| 601 |
Statements of Assets and Liabilities at 31[st] December 2020 Maldon District Islamic Cultural Association
2020 2019 £ £
Fixed Assets Tangible Fixed Asset 242,535 242,535
Current Asset
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Bank and Cash in Hand 14,850 8046 Current Liabilities Creditors 1000 500 Net current Assets - Liabilities 13,850 7546 Net Assets: 256,385 250,081 Capital and Reserves: Revaluation reserve 256,385 250,081
Approved by the Trustees:
Signature:
Full Name: Mohammed Tufael Ahmed Position: Treasurer
Date: 19/01/2022
Notes:
1. Accounting Policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard)
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2. The accounts have been prepared on a receipts and payments basis in accordance with the Charities act 2011.
3. Payment to Trustees: The trustees receive no remuneration, direct or indirect benefits from the Charity.
4. Tangible Fixed Assets: Muslim Hall is a free hold property and its belongs to the Charity, no mortgage.
5. The Charity has no restricted Funds.
6. Donations: 13,007 Pound. HMRC JRS Grant 5,294 Pound, MDCG 10,000 Pound.
7. Charitable costs: Salary Costs 10,586 Pound.
8. Governance Costs:
Utility 514 Water Bill 175 Internet 320 Repairs & Maintenance 9,901 Professional Fees 500
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