**Charity number: 1092049** ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** **Trustees' report and financial statements** **for the year ended 31 March 2021** ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Contents** ||**Page**| |---|---| |Legal and administrative information|**3**| |Trustees report|**4**| |Independent examiners' report|**5**| |Statement of financial activities|**6**| |Income and expenditure account|**7**| |Balance sheet|**8**| |Notes to the financial statements|**9-12**| ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Legal and administrative information** |**Charity number**|1092049|| |---|---|---| |**Business address**|21 - 25 PARKER STREET|| ||BURY|| ||BL9 0RJ|| |**Registered office**|21-25 PARKER STREET|| ||BURY|| ||BL9 0RJ|| |**Trustee**|MR W ARSHAD|| |**Chairperson**|MR A H ANJUM|| |**Trustees**|MR U ASHRAF|MR J ARIF| ||MR S ASLAM|MR A BAIG| ||MR T Z KHAN|MR Z QURESHI| ||MR M YAQUB|MR A BUTT| ||MR A UDDIN|MR N YUSUFZEI| |**Accountants**|M SALIM & CO.|| ||51 LORD STREET|| ||MANCHESTER|| ||M3 1HE|| |**Bankers**|HSBC BANK PLC|| ||BURY|| ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Report of the trustees for the year ended 31 March 2021** The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees who served during the year and up to the date of this report are set out on page . ## **Structure, governance and management** The organisation has an elected manaagement committee which is responsible for therunning of the Islamic Centre and Masjid. ## **Objectives and activities** To provide a place of worship for the local Muslim community. ## **Achievements and performance** Masjid and Islamic centre continues to achieve its objective in meeting the needs of the local community. ## **Financial review** The organisation is well run and solvent entity. ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. 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 On behalf of the board MR W ARSHAD **Secretary** ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Independent examiner's report to the trustees on the unaudited financial statements of JAMIA KHIZRA MASJID & ISLAMIC CENTRE.** I report on the accounts of JAMIA KHIZRA MASJID & ISLAMIC CENTRE for the year ended 31 March 2021. ## **Respective responsibilities of trustees and independent examiner** As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, and to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (i) which gives me reasonable cause to believe that in any material respect the requirements: - to keep proper accounting records in accordance with section 41 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or - (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ........................................................... ## **MR M SALIM** **Independent examiner M SALIM & CO. 51 LORD STREET MANCHESTER M3 1HE** ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Statement of financial activities** ## **For the year ended 31 March 2021** ||||**2021**||**2020**| |---|---|---|---|---|---| ||||**Total**||**Total**| ||**Notes**||**£**||**£**| |**Incoming resources**|||||| |Voluntary income|2||155,854||217,389| |**Total incoming resources**|||155,854||217,389| ||||||| |**Total resources expended**|||62,243||125,343| |**Net incoming resources for the year**|||||| ||||93,611||92,046| |Total funds brought forward||1,292,311||1,200,265|| |**Total funds carried forward**||1,385,922||1,292,311|| The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Income and expenditure account** ## **For the year ended 31 March 2021** |||**2021**|**2020**|| |---|---|---|---|---| ||**Notes**|**£**|**£**|| |**Income**||155,854|217,389|| |Operating expenditure||(62,243)|(125,343|)| |**Operating surplus**||93,611|92,046|| |**Retained surplus for the financial year**||93,611|92,046|| All activities derive from continuing operations. JAMIA KHIZRA MASJID & ISLAMIC CENfRE ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Balance sheet as at 31 March 2021** |**Notes**
**Fixed assets**
Tangible assets
6
**Current assets**
Debtors
7
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
8
**Net current assets/(liabilities)**
**Net assets**
**Funds**
9
Unrestricted funds
**Total funds**|**2021**
**£**
**£**
1,296,799
2,350
180,908
183,258
)
(94,135
89,123
1,385,922
1,385,922
1,385,922|**2020**
**£**
**£**
1,292,474
2,350
91,622
93,972
)
(94,135
)
(163
1,292,311
1,292,311
1,292,311| |---|---|---| The financial statements were approved by the trustees on 26 March 2022 and signed on its behalf by ## **MR W H ANJUM Trustee** ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Notes to financial statements for the year ended 31 March 2021** ## **1. Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. ## **1.1. Basis of accounting** The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993. ## **1.2. Cashflow** The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity. ## **1.3. Incoming resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. ## **1.4. Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **1.5. Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: - Land and buildings Straight line over years - Fixtures, fittings and equipment 10% straight line ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Notes to financial statements for the year ended 31 March 2021** |**2.**
**Voluntary income**
Donations
**3.**
**Cost of generating voluntary income**
Donations
**4.**
**Governance costs**
Office expenses - Other
**5.**
**Employees**
**Employment costs**
Wages and salaries
No employee received emoluments of more than £60,000 (2020 : None).
**Number of employees**||**2021**
**Total**
**£**
155,854
155,854
**2021**
**Total**
**£**
62,244
62,244
**2021**
**Total**
**£**
)
(1
)
(1
**2021**
**£**
44,755|**2020**
**Total**
**£**
217,389
217,389
**2020**
**Total**
**£**
125,344
125,344
**2020**
**Total**
**£**
)
(1
)
(1
**2020**
**£**
102,562| |---|---|---|---| The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows: |**2021**|**2020**| |---|---| |**Number**|**Number**| |10|10| ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Notes to financial statements** ## **for the year ended 31 March 2021** |||**Land and**|**Land and**|||| |---|---|---|---|---|---|---| |**6.**|**Tangible fixed assets**|**buildings**||||| |||**freehold**|||**Total**|| |||**£**|||**£**|| ||**Cost**|||||| ||At 1 April 2019|1,292,474||1,232,830||| ||Additions|4,325|||4,325|| ||At 31 March 2021|1,296,799||1,292,474||| ||**Depreciation**|||||| ||At 1 April 2020 and|||||| ||**Net book values**|||||| ||At 31 March 2021|1,296,799||1,296,799||| ||At 31 March 2020|1,292,474||1,292,474||| |**7.**|**Debtors**|||||| |||**2021**|||**2020**|| |||**£**|||**£**|| ||Prepayments and accrued income|2,350|||2,350|| |**8.**|**Creditors: amounts falling due**|||||| ||**within one year**|**2021**|||**2020**|| |||**£**|||**£**|| ||Other taxes and social security|780|||780|| ||Other creditors|93,355|||93,355|| |||94,135|||94,135|| |**9.**|**Analysis of net assets between funds**|||||| |||**Unrestricted**|||**Total**|| |||**funds**|||**funds**|| |||**£**|||**£**|| ||Fund balances at 31 March 2021 as represented by:|||||| ||Tangible fixed assets|1,296,799|||1,296,799|| ||Current assets|183,258|||183,258|| ||Current liabilities|(94,135|)||)
(94,135|| |||1,385,922|||1,385,922|| ## **JAMIA KHIZRA MASJID & ISLAMIC CENTRE** ## **Notes to financial statements for the year ended 31 March 2021** |**10.**|**Unrestricted funds**|**At**||||**At**| |---|---|---|---|---|---|---| |||**1 April**|**Incoming**|**Outgoing**||**31 March**| |||**2020**|**resources**|**resources**||**2021**| |||**£**|**£**|**£**||**£**| ||Total Unrestricted Fund|1,292,311|155,854|(62,243|)|1,385,922|