Charity registration number 1085667
Company registration number 04114535 (England and Wales)
CENTRAL MOSQUE NORTHAMPTON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
CENTRAL MOSQUE NORTHAMPTON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr A Z Osmani Mr P Bashir Mr A N Nasser Mr A H Chauguley (Appointed 30 September 2022) Mr G H Khan (Appointed 30 September 2022) Mr M S Uddin (Appointed 30 September 2022) Secretary Mr A Z Osmani Charity number 1085667 Company number 04114535 Registered office 112-116 Abington Avenue Northampton Northamptonshire England NN1 4PD Independent examiner Cottons Specialist Services Limited Chestnut Field House Chestnut Field Rugby Warwickshire United Kingdom CV21 2PD Bankers Lloyds TSB Bank Plc 2 George Row Northampton NN1 1DJ Solicitors P R Robinson Imperial Buildings Halford Street Leicester LE1 1JB
CENTRAL MOSQUE NORTHAMPTON
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
CENTRAL MOSQUE NORTHAMPTON
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 APRIL 2023
The trustees present their annual report and financial statements for the year ended 30 April 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 Memorandum and Articles of Association, the Companies Act 2006 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)" (effective 1 January 2019).
Objectives and activities
The company is established to advance the Islamic faith and to advance the education of the public in Arabic and Islamic studies, particularly, without prejudice to the generality of the foregoing, by the provision of classes and workshops in Islamic history, law and art.
The charity's activities are governed by its constitution. The charity's objects laid down in the constitution include:
(a) the advancement and preservation of the Islamic faith;
(b) the advancement of education including instruction in the Islamic faith;
(c) to provide facilities for recreation or other leisure-time occupation in the interests of social welfare with the object of improving conditions of life for the inhabitants of the area of Northampton;
(d) to advance and cater for the religious needs and educational activities;
(e) to undertake the day-to-day management of the Association in accordance with the Constitution; and
(f) to foster goodwill and harmonious relations between other faiths.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Financial review
The Charity had income in the year of £93,902 and spent £83,430 on charitable activities leaving a surplus of £10,472.
This has resulted in a closing fund balance at 30th April 2023 of £867,996.
Structure, governance and management
The charity is a company limited by guarantee, incorporated on 24 November 2000 and registered as a charity on 20 March 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £100.
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known are members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr A Z Osmani
Mr P Bashir Mr A N Nasser Mr A H Chauguley (Appointed 30 September 2022) Mr G H Khan (Appointed 30 September 2022) Mr M S Uddin (Appointed 30 September 2022)
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CENTRAL MOSQUE NORTHAMPTON
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
The trustees' report was approved by the Board of Trustees.
..............................
Mr A N Nasser Trustee
Date: 31 May 2024
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CENTRAL MOSQUE NORTHAMPTON
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CENTRAL MOSQUE NORTHAMPTON
I report to the trustees on my examination of the financial statements of Central Mosque Northampton (the charity) for the year ended 30 April 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no 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 charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
James Melvin BA BFP FCA
Cottons Specialist Services Ltd Chestnut Field House Chestnut Field Rugby Warwickshire CV21 2PD United Kingdom
Dated: .........................
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CENTRAL MOSQUE NORTHAMPTON
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 93,902 | 97,294 |
| Charitable activities | 4 | 83,430 | 72,595 |
| Net income and movement in funds | 10,472 | 24,699 | |
| Reconciliation of funds: | |||
| Fund balances at 1 May 2022 | 857,524 | 832,825 | |
| Fund balances at 30 April 2023 | 867,996 | 857,524 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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CENTRAL MOSQUE NORTHAMPTON
BALANCE SHEET
AS AT 30 APRIL 2023
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Provisions for liabilities 13 Net assets The funds of the charity Unrestricted funds |
2023 £ 163 133,935 134,098 8,176 |
£ 748,074 125,922 873,996 (6,000) 867,996 867,996 867,996 |
2022 £ 9,096 112,213 121,309 6,977 |
£ 749,192 114,332 863,524 (6,000) 857,524 857,524 857,524 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 31 May 2024
| .............................. | .............................. |
|---|---|
| Mr A Z Osmani | Mr A N Nasser |
| Trustee | Trustee |
Company registration number 04114535 (England and Wales)
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
1 Accounting policies
Charity information
Central Mosque Northampton is a private company limited by guarantee incorporated in England and Wales. The registered office is 112-116 Abington Avenue, Northampton, Northamptonshire, NN1 4PD, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.3 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
1 Accounting policies
(Continued)
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 2% straight line Plant and equipment 20% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net income/ (expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss are recognised in net income/(expenditure) for the year.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.8 Provisions
Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 93,902 | 97,294 |
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| Total | 2022 | £ | 43,037 | (283) | 526 | 934 | 5,190 | 609 | 4,951 | 1,398 | 104 | 2,394 | 7,495 | 6,240 | 72,595 | 72,595 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Governance costs | 2022 | £ | - | - | - | - | - | - | - | 1,398 | 104 | 2,394 | 7,495 | - | 11,391 | 11,391 | |||||||||||
| Advice & information Establishment | 2022 2022 |
£ £ |
43,037 - |
(283) - |
- 526 |
- 934 |
- 5,190 |
- 609 |
- 4,951 |
- - |
- - |
- - |
- - |
- 6,240 |
42,754 18,450 |
42,754 18,450 |
|||||||||||
| Total | 2023 | £ | 47,292 | 3,900 | 1,370 | 951 | 10,004 | 354 | 4,770 | 1,118 | - | 3,900 | 515 | 9,256 | 83,430 | 83,430 | |||||||||||
| Governance costs | 2023 | £ | - | - | - | - | - | - | - | 1,118 | - | 3,900 | 515 | - | 5,533 | 5,533 | |||||||||||
| Expenditure on charitable activities | Advice & information Establishment | 2023 2023 |
£ £ |
Direct costs | Staff costs 47,292 - |
Books & | resources 3,900 - |
Rates and | water - 1,370 |
Insurance - 951 |
Light and heat - 10,004 |
Broadband - 354 |
Repairs and | renewals - 4,770 |
Depreciation - - |
Sundries - - |
Accountancy | fees - - |
Legal fees - - |
Professional | fees - 9,256 |
51,192 26,705 |
Analysis | by fund | Unrestricted | funds 51,192 26,705 |
|
| 4 |
CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
5 Independent Examiners Remuneration
| For independent examination services Independent examination of the financial statements of the charity For other services All other services |
1,800 2,100 |
1,800 |
|---|---|---|
| 594 |
6 Trustees
There were trustees salaries in the year of £10,218 (2022 £13,943).
The only trustee that was in receipt of remuneration was Mr A Z Osmani who received a salary of £10,218. The payments were for Mr A Z Osmani's employment as Imam and in providing religious teaching classes. No remuneration was paid in respect of Mr A Z Osmani's roles as trustee or secretary. The remuneration was paid under the authority of the Charity's governing document and was authorised by his fellow trustees. Mr A Z Osmani has not participated in trustee decisions in respect of his remuneration, which the trustees believe is commensurate with that paid for similar services at other local mosques.
No employer pension contributions were paid in respect of trustees and no other benefits in kind were provided.
There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.
7 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Chief Executive | 2 | 2 |
| Counselling, advice and information | 5 | 6 |
| Total | 7 | 8 |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 37,074 | 29,086 |
| Social security costs | - | 8 |
| 31,603 | 29,094 |
No employees received emoluments in excess of £60,000.
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
| 9 Tangible fixed assets Freehold land and buildings Plant and equipment £ £ Cost or valuation At 1 May 2022 762,850 20,739 At 30 April 2023 762,850 20,739 Depreciation and impairment At 1 May 2022 19,250 15,147 Depreciation charged in the year - 1,118 At 30 April 2023 19,250 16,265 Carrying amount At 30 April 2023 743,600 4,474 At 30 April 2022 743,600 5,592 The carrying value of land included in land and buildings comprises: 2023 £ Freehold 743,600 |
9 Tangible fixed assets Freehold land and buildings Plant and equipment £ £ Cost or valuation At 1 May 2022 762,850 20,739 At 30 April 2023 762,850 20,739 Depreciation and impairment At 1 May 2022 19,250 15,147 Depreciation charged in the year - 1,118 At 30 April 2023 19,250 16,265 Carrying amount At 30 April 2023 743,600 4,474 At 30 April 2022 743,600 5,592 The carrying value of land included in land and buildings comprises: 2023 £ Freehold 743,600 |
9 Tangible fixed assets Freehold land and buildings Plant and equipment £ £ Cost or valuation At 1 May 2022 762,850 20,739 At 30 April 2023 762,850 20,739 Depreciation and impairment At 1 May 2022 19,250 15,147 Depreciation charged in the year - 1,118 At 30 April 2023 19,250 16,265 Carrying amount At 30 April 2023 743,600 4,474 At 30 April 2022 743,600 5,592 The carrying value of land included in land and buildings comprises: 2023 £ Freehold 743,600 |
Total £ 783,589 |
|---|---|---|---|
| 783,589 | |||
| 34,397 1,118 |
|||
| 35,515 | |||
| 748,074 | |||
| 749,192 | |||
| 2023 £ 743,600 |
2022 £ 743,600 |
Included in cost or valuation of land and buildings is freehold land of £743,600 (2022 - £725,234) which is not depreciated.
Land and buildings with a carrying amount of £743,600 were revalued at [the year end by the trustees on the basis of market value.
At 30 April 2023, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £551,380 (2022 - £551,380).
| 10 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income |
2023 £ 77 86 163 |
2022 £ 9,096 - |
|---|---|---|
| 9,096 |
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
11 Loans and overdrafts
| Other creditors Other loans Payable within one year 12 Creditors: amounts falling due within one year Borrowings Other taxation and social security Trade creditors Accruals and deferred income 13 Provisions for liabilities Provisions Movements on provisions: At 1 May 2022 and 30 April 2023 |
2023 2022 £ £ 2,550 2,550 1,000 1,000 3,550 3,550 3,550 3,550 2023 2022 £ £ 3,550 3,550 - 8 - 1,967 4,626 1,452 8,176 6,977 2023 2022 £ £ 6,000 6,000 Provisions £ 6,000 |
2022 £ 2,550 1,000 |
|---|---|---|
| 3,550 | ||
| 3,550 | ||
| 2022 £ 3,550 8 1,967 1,452 |
||
| 6,977 | ||
| 2022 £ 6,000 |
The provision of £6,000 relates to an employment dispute that is expected to be ongoing until July 2025.
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 | May 2022 | Incoming | Resources | At 30 April | |
|---|---|---|---|---|---|---|
| resources | expended | 2023 | ||||
| £ | £ | £ | £ | |||
| General funds | 857,524 | 93,902 | (83,430) | 867,996 |
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CENTRAL MOSQUE NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2023
| 14 | Unrestricted funds | (Continued) | |||
|---|---|---|---|---|---|
| Previous year: | At 1 May 2021 | Incoming | Resources | At 30 April | |
| resources | expended | 2022 | |||
| £ | £ | £ | £ | ||
| General funds | 832,825 | 97,294 | (72,595) | 857,524 | |
| 15 | Related party transactions |
There were no disclosable related party transactions during the year (2022 - none).
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