Charity Commission No: 1099763 MUSLIM CULTURAL SOCIETY OF BIRMINGHAM 790 WASHWOOD HEATH ROAD BIRMINGHAM B8 2JG REPORT AND AccouNrs FOR THE YEAR ENDED 31 MARCH 2024 MUSLIM CULTURAL SOCIETY OF BIRMINCHAM 790 WASHWOOD HEATH ROAD BIRMINGHAM B8 2JG CONTENrs Page Charity infonnation Trustees, Rep)rt A¢¢ountonts Report Ststement of Financial A¢tivities Balance Sheet Notes to the accounts SIGNIFICANT INFORMATION Prlneipal office MUSLIM CULTURAL SOCIETY OF BIRMINGHAM 790 Washwood Heath Road Binningham B8 2JG Re8is*red Charity No 1099763 Offieers The ¢h8rity trustees during the year ended 31 March 2024 were Adeel Tassawar Maulana Arshad Mahmood Haji Mohammed Maskeen Chainnan and Trustee Trustee Trustee Bankers TSB Small H¢ath Bimiingham MUSLIM CULTURAL SOCIETY OF BIRMINGHAM TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Tntstees present their reEx)rt for the year ended 31 March 2024. The fJnan¢ial statements have been prepared in accordance with the accounting policies on page 7 and comply with the charitys trust deed and applicable law. The charity was estsblished by the constitution and the charity is registered with the Charity Commission in England (No:1099763) OWECTS The objects of the charity ar¢ to make adequate cR￿ltable provisions to benefit Muslim adults and childr¢n. To advance education of the m￿lIm comtnunity and provid¢ resources in the interest of social welfare. ACTIVITIES AND PROGRESS The Muslim Cultural Society of Birn]ingham will provide public benefit through its programm¢s of prayers and celebration of the key events in the Islamic Calendar. Activities will be open to everyone in the community. The Cultural centre will provide Congregational Prayers, Friday Sernlons and Eid prayers. The cultural centre has now arranged fa¢iliti¢s for ladies to participate and attend the IM￿rtant gatheTings and activities. During the year Trustees continue to raise finance from local Community for continuation of Mosque to provid¢ public benefiLThe In￿eeS have now got plans to improve the existing car parking facilities and complete the basement This Work was contin￿d during the year. Wall fencing work w&% almost completed during the year. Ground floor hall was fully furbished and prayers gathering is organised there. Toilets and Ablution facilities are also completed for the Eenefit of publi¢ coming to mosque. New speaker and sound system w&s introduced in the Mosque. During the year regular prdyer facilities were Open￿ and outside scholars were invited for speeches and religious lectures and not only the local community but Muslim community in general is now benefitin8 from the projecL FINANCE During the period the charity rni5cd funds by collecting donations and interest free friendly loans from the community members. The cljarity managed to repay some private loans. TRUSTEES, RESPONSIBILITY FOR THE Accouwrs Charity law requires the tn￿ of the A&8(tiation to prepare statements of accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing those fu]an¢ial stafrment& the trustees are required to . - select suitable accounting policies and apply them consistently: - make judg¢ments and estimates that are reasonable and pNdent .- to prepare the fllwicial slalements in accordance with the meth(th and principles set out in MUSLIM CULTURAL SOCIETY OF BIRMINGHAM TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CODtinued) - the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards: - prepare the financial statements on the going rA)ncem basis unlus it is inappmpriate to - pr¢sum¢ that th¢ Charity will continue in operation. The tn￿teeS are respnsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with re&8onable accuracy at any time the financial position of the Associatio￿ and io enable them to ensure that any statements of a￿oUnt Comply with the requirements of the Charity (Accounts and Reports) Regulations 2000. They are also responsible for safeguarding the aS￿ts of the charity and tsking reasonable steps for the prevention and detection of fraud and other irtegularities RISK MANAGEMENT The truslees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the project, and are satisfied that systems are in place to mitigate our exposure to major risks. RESERVES POLICY The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover lemporary timing differences for donations received, adequate working capital for core costs and which allow them lo r¢spond quickly to th¢ n¢¢ds of the Trust. Approved by the board of Tnulees on 27 JaDuary 2025 and 8igD¢d on tbelr bebalf by: .. Chairman Adeel Tassawar MUSLIM CULTURAL socirry OF BIRMINGHAM Ind¢p¢ndeDt Euminer's Report to the Trustees of Muslim Cultural Society of Birmingham I report on the accounts of Muslim Culturnl S(Ki¢ty of Birniingham for the year ended 31 March 2024 which are s¢t oul on pages 5 to 9 RespoD81bUltles ba818 orre￿rt As the charity's trustees you are resp)nsibk for the preparation of the accounts in ac￿rdanCe with the require- m¢nts of the Charities Act 2011 ('the Act.). I report in respect of my examination of the charity's accounts carTied out under section 145 of the Act and in ying out my examination I have follow¢d all the applicable Directions given by the Charity Commission under section 145(5Xb) of the A¢t. llldependent examiller'$ ststemenl I have completed my examination. I confirni that M Ina￿la] mallws hav¢ rA)me to my attention in connection with the examination giving me cawe to believe that in any matsrial reS￿eL. accounting records were not kept in rewt of th¢ charity as requI￿d by section 130 of the ACL or 2. the accounts do not accord with those records or the accounts do not comply with the applicable requirements wn¢¢rning the forni and conteftt of accounts set out in the Charttie5 {A¢counts and Reports) R¢8ulations 2008 other than any r¢quir¢ment that the accounts give a 'truc and fair view. which is not a matter considered &$ part of an independent examination.. I have no concerns and have come across no other matters in COnn￿tIon with the examitmtion to which atten- tion should be drawn in this rep)rt in order to enable a proper und¢r5tsnding of th¢ a￿Unts to be reached. 784 AluJD Ro¢k Roxd CHARTERED CERTIFIED ACCOUNTANT Ward End Birmingbam B8 2TE 27 January 2025 MUSLIM CULTURAL SOCIETY OF BIRMINGHAM srATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestricted funds 2023 Unrestricted funds Incoming resourees Income and endowmeDts from Donailons and legacles Donations received Other income 132,136 26,360 126,586 22,320 Total incoming resources 158,496 148.906 Charitable exptnditure Expenditure on Eypendilure on charitable acllvltles Employees cost Promotion and advertising Annual Conference expenses 25,500 30,650 195 7,935 11,260 Governance andsupport cost Rates and water Heat and light Telephone PrinL Post and stationery Repairs and renewals Hire of equipment Cleaning and hygiene Professionai fees Accountancy f¢¢s Bank eharges Depreciation - property - Plant and equipment 2,639 15,983 712 670 19,355 1,059 2,850 11,000 500 1,367 7.976 772 1.525 12.015 701 1.350 5,401 1.455 500 8.170 500 1,472 7,976 908 Totsl 101,643 80.753 Net Ineoming resources before tran$f¢rs Fund balgnce brought fonvard 56,853 1,231,776 68,153 1.163,623 Fund balance earried forward 1,288,629 1,231,776 The notes on pages 7 to 9 forn) part of these accounts MUSLIM CULTURAL SOCIETY OF BIRMINGHAM BALANCE SHEET AS AT 31 MARCH 2024 2023 Note# FIXED ASSETS Tangible assets 1.521564 1.530.312 CURRENT ASSETS Cash at bank and in hand 60.575 23214 60.575 23214 cRED￿ORS. Amounts falling due within one year 4 (293.510) (321.750) TOTAL ASSETS LESS CURRENT LIABILITIES (232.935) ((298.536) TOTAL ASSETS L CURREiYf LIABILITIES 1288,629 123,1776 FUNDS General funds 1288,629 l.231,776 1288,629 l.231,776 Approved by tbe board of trustees on 27 J*nuary2025 and signed OD tbeir behalf by: Adeel Tassawar The notes on pages 7 to 9 forni an Integr￿ part of these accounts. MUSLIM CULTURAL SOCIETY OF BIRMINGEIAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Summary of signif￿&￿1 aeeountiug policies Basis of preparation B￿13 of aC¢OUDtiDg The financial statements have been prepwed in a¢o)nl•n¢e with Accounting and Reportin8 by Charities: Statement of Recommended Prnctice applicable to charities preparing their accounts in aceordance with Financial Re￿rtIng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 201 SHCharitie5 SORP (FRS 102) the financial Reporting Standard applicable in th¢ UK and Republi¢ of Ireland (FRS 102) Charities Act 2011 Assets and liabilities are initially reco8nised at histori¢al ¢ost or transaction value unless oth¢rwis¢ stated in th¢ ￿l¢vant acwuntancy wlicy notes. Where necessary the heading5 laid down in the Companies Act have been adapted to med the spe¢ial a¢tivities of the Association. The charity hgs applied UkNknte Bulletin l as published on 2 Febnw 2016 And does not include a cash flow statement on the grounds that it is applyin8 FRS102 Section l A The financial statements are prepared under the historical cost convention After making enquir¢s, the Trustees have a reasonable expectation that the Charity has adequa resources to continue its activities for the foreseeable future. Accordingly. they conlinue to adopi the going eon¢ern basis in preparing the financial. statements.There are no material unceTtsinties castin8 doubt on going concern. The finon¢ial statements are presenta in sterlin8 whi¢h is the functional currency of the charity. The ¢harity ¢ollMitut¢s a public iKKfi¢ ¢ntity as defined by FRS 102. 1.2 Income Income re¢o8nitlo All incoming resources are included in the Ststement of Financial Aetivities (SOFA) when the charity is legally entitled io the income after any perfomiAnce conditions have been me( the amount can be measured r81obty and it is probable that the income ￿11 be received. Grnnts and doD*¢lon8 Grants and donations are only included in the SOFA when the general income recognition criteria are met. Revenue 8rants are credited to the income and ex￿ditUre a￿oUnt as received. unless related to a specific perirf when it is placed in a re#ri¢ted funds until it 1$ IJ Glfts ID kSnd The charity receives the benefit of work carried out by volunteer4 and receives the use of facility and ¢quipm¢nl without char8¢. No value is placed on these it¢m% where the benefit extends over severnl period& in which case th¢y are valued and included in th¢ balance sheet at a reasonabl¢ valuation. TaxAtI As a registered chority. the compAny benefits from Rates r¢lief and is 8enerally exempt from Inwme tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in th¢ cost of those items to which it relates. MUSLIM CULTURAL SOCIETY OF BIRMINGHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 IJ Depreci2tiOD During the cOnstn￿ti￿ period no depreciation Char8￿ but now the trustees consider that it is appropriat¢ to charge depreciation on property. L￿pr￿latiOn- freehold land- Ir2% straight linc. No d¢pre¢iation is provided on freehold land 1.6 Expenditure reeogDition All expenditure is accounted for on an accruals basis and has been classifi¢d under headings that aggregate all Costs related to the category. Exp¢nditUTe is recognised where there is a legal or constructive obligation to make payments to third parti it is probable that the scttl¢m¢nt WAII be required and the amount of th¢ obligation 2024 2023 DONATIONS AND GIFTS Donations received Oth¢r in¢ome 131136 26J60 126,586 22J20 TANGIBLE FIXED ASSETS Freehold land iDeL Cost PlaDt & equlpments Tothl Cost As at 3113ll3 1.595,193 8.380 1.603,573 As at 3113r24 1.595,193 8.380 1,603,573 Depreciation As at 3113r23 70,028 3233 73261 Charge for year 7.976 772 8.748 As ai 3113r24 78,(MM 4.005 82.009 Net book value At 3113r24 1.517.189 4,375 1.521,564 At 3113r23 1525,165 5.147 1.530J12 MUSLIM CULTURAL SOCIETY OF BIRMINGHAM NOTES TO THE ACco￿s FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 CREDITORS: Amounts falling due within one y¢ar ACc￿￿d charges Other creditors Friendly loans 1,000 12,510 280,000 321.250 293.510 321.750 Friendly loans are unsecured, interest free loans given by the community members and repayable at mutual agreements. FUNDS 2024 2023 Unrestricted funds 1,231,776 158,496 (101,643) Unregtrleted funds 1.163,623 148,906 (80.753) Opening balance Outgoing resources Closing balance 1,288,629 1,231,776 Represented by Tangible fixed assets Net current assets 1.521.564 (232,935) 1,530,312 (298,536) 1,288,629 1231,776 The charity mainlains a gcncral unttstricted fund which represents funds which are expendable at th¢ dis¢r¢tion of the trustees in furtheran¢e of the objects of the charity. Such funds may be held in order to fllwice both working capital and capitsl investment. There is no forn￿ policy of transfer between funds or on the allocation of funds to deSI￿at¢d funds. GOING CONCERN As explained in the Trustees Report although the disruption caused by Coronaviru5 and lower expected income, Tr￿tee'S are satisfied that the charity will be able to continue its activities possibly at lower scale when it is allowed to reopen.There shoul also be no impact on charities reserve policy.