Charity registration number: 1094319
Chorley Muslim Trust
Report and Accounts
31 July 2023
Chorley Muslim Trust Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees report | 2 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Chorley Muslim Trust Charity Information for the period ended 31 July 2023
Address
C/o 1 Preston Road Whittle le Woods Chorley Lancashire PR6 7PE
Charity registration number: 1094319
Trustees
Mehboob Umerji Patel (Chair) Mushtaq Munshi Ibrahim Saleh Iqbal Essa Mohammed Sajid Yaqub Mala
Appointed independent examiner
M A Ibrahim (FCCA)
Accountants
M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
Bankers
HSBC 26 Market Street Chorley Lancashire PR7 2RX
Solicitors
Kevills Solicitors 5 Park Rd Chorley Lancashire PR7 1QS
1
Chorley Muslim Trust Trustees’ annual report for the period ended 31 July 2023
Charity registration number: 1094319
The Annual Report is fully SORP compliant and sets out how the trustees have met their obligations.
The Financial Statement is fully SORP compliant and includes the incoming resources and resources expended.
Objectives and activities
The objects of the charity are set out in the constitution are summarised as follows:
The trust is established to advance the religion of Islam in accordance with the doctrines and beliefs of the Sunni Hanafi sect of Muslims ("Sunnat wal Jamaat") accepting the Tablighi Jamaat as a Dawah Organisation and in particular:-
a) To preserve Islamic culture and tradition and to establish and to promote, encourage and advance the religious and education activities of the societies Muslim inhabitants in Chorley by provision of Mosque and Madressa premises for the teachings and propagation of the holy Quran and Hadith and Sunnat and the principles and tenets of Islam to all Muslims.
b) To make provision for Salat (Namaz) worship, fasting, other prayers and religious ceremonies to include Nikah, funeral, burials, lectures, meetings & seminars.
c) To organise and undertake such other projects consistent with the spirit of Islam as the trustees decide from time to time.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Achievements and performance
The Charity carries out a wide range of activities in pursuance of its charitable aims:
The main achievements have been to provide a building for prayer, worship and teaching.
A place for 5 times payer.
A place for children to learn Quran and Hadith.
A place to propagate Islam to the wider public.
A place for Nikah wedding ceremonies.
Over the years the wider public have benefitted because the teachings have helped the youth to behave correctly over the years.
We have been able to propagate Islam to the non Muslims, so they also benefit from the teachings of Islam.
Structure, governance and management
Chorley Muslim Trust is registered as a Charity with The Charity Commission under charity no: 1094319.
The Charity is regulated by declaration of trust executed on 7th August 2002.
Appointment of charity trustees
All trustees gather and make a joint decision.
2
Chorley Muslim Trust Trustees’ annual report for the period ended 31 July 2023
Reference and administrative details
See preceding page under 'Charity Information'.
Names of the charity trustees who manage the charity
All trustees are named on the preceding page under 'Charity Information'.
Financial review and reserves policy
Funds available are sufficient to permit the charity to continue in operation in the medium to long term, together with the continued support from the donors.
There are no uncertainties about the charity continuing as a going concern.
The Trustees actively review all major risks which the Charity faces and drawn up a risk assessment which is reviewed at every meeting. The Trustees are satisfied that all systems are in place and arrangements have been made to manage any risks identified.
The Trustees would like to thank all those who assisted us with their moral and financial support and trust they continue to do so.
Statement of Trustee’s responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period in preparing these financial statements, the trustees are required to:-
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h Select suitable accounting policies to be applied consistently
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h Observe the methods and principles in the Charities SORP
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h Make judgements and estimates that are reasonable and prudent
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h State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and,
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h Prepare the financial statements on the going concern bases unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees and signed on its behalf by:
Mr Mohamed Sajid Date: 17/10/2023 Trustee
3
Chorley Muslim Trust
Independent Examiner's Report to the Trustees of Chorley Muslim Trust
I report to the trustees on my examination of the accounts of Chorley Muslim Trust (the Trust) for the period ended 31 July 2023.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").
The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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l examine the accounts under section 145 of the Charities Act,
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l to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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l to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 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 examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
l the accounting records were not kept in accordance with section 130 of the Charities Act; or
- l the accounts did not accord with the accounting records; or
l the accounts did 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.
The appointed independent examiner of the trust:
M A Ibrahim (FCCA) for and on behalf of Date: 17/10/2023 M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
4
Chorley Muslim Trust Statement of financial activities for the period ended 31 July 2023
| Notes Restricted Unrestricted income Endowment Total funds funds funds 2023 £ £ £ £ Income 3 Income and endowments from: Donations and legacies 31,856 410 - 32,266 Expenditure 4 Expenditure on: Charitable activities 35,217 - - 35,217 Net income/(expenditure) for the year (3,361) 410 - (2,951) Reconciliation of funds Total funds brought forward 250,794 1,010 511,877 763,681 Net incoming resources for the year (3,361) 410 - (2,951) Total funds carried forward 247,433 1,420 511,877 760,729 |
Total 2022 £ 53,965 26,319 |
|---|---|
| 27,646 | |
| 736,035 27,646 |
|
| 763,681 |
5
Chorley Muslim Trust Balance Sheet At 31 July 2023
| Notes Restricted Unrestricted income Endowment Total funds funds funds 2023 £ £ £ £ Fixed assets Tangible assets 5 17,106 - 511,877 528,983 Investments 6 120,000 - 120,000 137,106 - 511,877 648,983 Current assets Cash at bank and in hand 110,890 1,420 - 112,310 110,890 1,420 - 112,310 Creditors:amounts falling due within one year Trade creditors and accruals 7 564 - - 564 Net current assets 110,327 1,420 - 111,747 Net assets 247,433 1,420 511,877 760,729 Funds of the Charity 8 Unrestricted funds 247,433 - - 247,433 Restricted income funds - 1,420 - 1,420 Endowment Waqaf funds - - 511,877 511,877 Total funds 247,433 1,420 511,877 760,729 |
Total 2022 £ 532,980 120,000 |
|---|---|
| 652,980 112,403 |
|
| 112,403 1,703 |
|
| 110,700 | |
| 763,681 | |
| 250,794 1,010 511,877 |
|
| 763,681 |
Approved by the Board of Trustees and signed on its behalf by
Mr Mushtaq Munshi Date: 17/10/2023 Trustee
6
Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2023
Basis of preparation
1 Basis of accounting
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 and charities SORP (FRS 102) effective 1 January 2019, published by the Charity Commission in England & Wales.
The charity is a public benefit entity.
2 Accounting Policies
Income
Income from charitable activities and voluntary donations are included in full in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included.
Expenditure
Expenditure is included in the accounts on an accruals basis.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fittings and equipment
5% Straight line
The trustees are of the opinion that the depreciation charge for the buildings is not required as the buildings are maintained and the expenditure reflected in the income and expenditure account.
Unrestricted funds
Unrestricted funds are donations and other incoming resources receivable or generated for the charity without further specified purpose and are available as general funds.
Restricted funds
Restricted funds are funds subject to specific trusts, which may be declared by the donor(s) or with their authority (e.g. in a public appeal) or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are spent at the discretion of the trustees in furtherance of some particular aspect(s) of the objects of the charity, or they may be endowment funds, where the assets are required to be invested, or retained for actual use, rather than spent.
Endowment Waqaf funds
Endowment Waqaf funds as applied to mosque property is a religious endowment. The properties under Waqaf endowment are dedicated to Allah SWT for public benefit on a perpetual basis. Restricted Fixed Waqaf funds cannot be gifted, granted or disposed.
7
Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2023
| 3 Analysis of income Donations and legacies Donations Rental income Total Total income 4 Analysis of expenditure Expenditure on charitable activities Wages and paye Employee pension Heat and light Water charges Bank charges Insurance Depreciation Accountancy fees Payroll fees Independent examiner's fee Other expenses Total Total expenditure |
Restricted Unrestricted income Endowment 2023 funds funds funds Total funds £ £ £ £ 26,556 410 - 26,966 5,300 - - 5,300 31,856 410 - 32,266 31,856 410 - 32,266 Restricted Unrestricted income Endowment 2023 funds funds funds Total funds £ £ £ £ 15,066 - - 15,066 491 - - 491 10,503 - - 10,503 1,853 - - 1,853 163 - - 163 2,364 - - 2,364 3,998 - - 3,998 300 - - 300 205 - - 205 200 - - 200 75 - - 75 35,217 - - 35,217 35,217 - - 35,217 |
2022 Prior year £ 47,680 6,285 |
|---|---|---|
| 53,965 | ||
| 53,965 | ||
| 2022 Prior year £ 13,983 387 4,623 67 123 2,193 3,998 275 245 150 275 |
||
| 26,319 | ||
| 26,319 |
8
Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2023
| 5 Land, buildings, equipment and fittings Buildings £ Cost At 1 August 2022 511,877 At 31 July 2023 511,877 Depreciation At 1 August 2022 - Charge for the year - At 31 July 2023 - Net book value At 31 July 2023 511,877 At 31 July 2022 511,877 6 Investments Investment Property £ Cost At 1 August 2022 120,000 At 31 July 2023 120,000 Net book value At 31 July 2023 120,000 At 31 July 2022 120,000 7 Creditors 2023 Analysis of creditors: £ Trade creditors - Accruals 564 564 8 Analysis of fund assets and liabilities Unrestricted funds £ Fixed assets 17,106 Investments 120,000 Current assets 110,890 Current liabilities (564) 247,433 |
5 Land, buildings, equipment and fittings Buildings £ Cost At 1 August 2022 511,877 At 31 July 2023 511,877 Depreciation At 1 August 2022 - Charge for the year - At 31 July 2023 - Net book value At 31 July 2023 511,877 At 31 July 2022 511,877 6 Investments Investment Property £ Cost At 1 August 2022 120,000 At 31 July 2023 120,000 Net book value At 31 July 2023 120,000 At 31 July 2022 120,000 7 Creditors 2023 Analysis of creditors: £ Trade creditors - Accruals 564 564 8 Analysis of fund assets and liabilities Unrestricted funds £ Fixed assets 17,106 Investments 120,000 Current assets 110,890 Current liabilities (564) 247,433 |
Fittings and Total equipment Land £ £ £ 79,952 - 591,829 |
|---|---|---|
| 511,877 | 79,952 - 591,829 |
|
| - - |
58,848 - 58,848 3,998 - 3,998 |
|
| - | 62,846 - 62,846 |
|
| 511,877 | 17,106 - 528,983 |
|
| 511,877 | 21,104 - 532,980 |
|
| Investment Property £ 120,000 |
Total £ 120,000 120,000 120,000 120,000 2022 £ 699 1,003 1,703 Restricted income Endowment Total funds funds 2023 £ £ £ - 511,877 528,983 - - 120,000 1,420 - 112,310 - - (564) |
|
| 120,000 | ||
| 120,000 | ||
| 120,000 | ||
| 247,433 | 1,420 511,877 760,729 |
9
Chorley Muslim Trust Notes to the Accounts for the period ended 31 July 2023
| 9 | Details of certain items of expenditure | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Fees for examination of the accounts | £ | £ | |
| Independent examiner’s fees | 200 | 150 |
10 Transactions with trustees and related parties.
There were no benefits, expenses or remuneration paid to the Trustees or persons connected to them.
| 11 Employees Average number of employees |
2023 Number 2 |
2022 Number 2 |
|---|---|---|
No employee received emoluments of more than £60,000.
10