REGISTERED CHARITY NUMBER: 1104130
Trustees' Report and
Financial Statements for the Year Ended 31 December 2020
for
Beeston Muslim Centre
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Beeston Muslim Centre
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Trustees' Report | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 |
Beeston Muslim Centre
Trustees' Report for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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
Objectives and aims
The Beeston Muslim Centre is a charitable organisation, registered charity no. 1104130, set up to promote the advancement of religion as practised by Sunni Muslims of the Hanfi Brailvi school of thought, provide educational support to children, help alleviate poverty, distress and sickness within all sectors of the community and develop inter-faith relationships through dialogue with local community representatives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The mosque premises continue to be well maintained. The trustees continue to provide maintenance and upkeep on a voluntary basis which means little cash expenditure was incurred on these areas. It is not possible to quantify the value of the services provided. The management team would like to thank all members and volunteers for their time and resources.
The number of children attending the Quranic classes is continuing to increase. This is due to the professional approach of the teachers and Imam as well as the increasing size of the local community. An increasing number of sport, educational activities and community events are being run from the Humber Road unit which has developed into a fantastic venue for development and learning for children and adults.
FINANCIAL REVIEW
Financial position
£49,619 was donated by the trustees, local community, and visitors to the centre for operational and development activities. This was supplemented with £7,142 of Gift Aid and £4,644 from government grants. Operating expenses including depreciation amounted to £43,174 resulting in a £18,231 surplus to fund development needs.The charity would like to thank all its members and supporters for their work and generosity.
Principal funding sources
In the absence of investment income or other regular income stream, the charity is entirely dependent on the generosity and donations from members, attendees to the centre and the local community.
Reserves policy
The management committee is aware, and has a policy, that unrestricted funds held by the charity and not committed or invested in tangible fixed assets should be between three and six months of expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is governed by a constitution.
Recruitment and appointment of new trustees
Applications for trusteeship and membership of the management committee are sought by personal solicitation. Selection is made and approved by the Governing Council. The Chairperson, Secretary and Treasurer ("officers") serve for a period of 2 years, other management committee members serve for a period of 2 years; officers and members may be re-elected for further 1 and 2 year periods.
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Beeston Muslim Centre
Trustees' Report for the Year Ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The management of the charity is vested in a management committee consisting of a Chairman, Secretary, Treasurer and 4 other individuals appointed by the Governing Council (all of the trustees). The management committee meets at least four times per year and deals with all operational and development matters.
The Chairperson has overall control on all the final decisions after liaising with, and agreement from, all trustees. The Chairperson will use their authority on any issues that are unable to be agreed.
There have been no changes in the objects and policies during the year.
Risk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1104130
Principal address
4a Evelyn Street Beeston Nottingham NG9 2EU
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Beeston Muslim Centre
Trustees' Report for the Year Ended 31 December 2020
Trustees
Mr Mansoor Ahmed Trustee & Chairman Interkhab Ahmed Din Secretary Mr Mohammed Meharban Mr Shafique Fazal Mr Rashid Ahmed Mr Raza Ahmed Mr Tufil Ahmed (resigned 18.8.21) Mrs Kaneez Akbar Mr Malik Akram Haji Mohammed Ayub Mr Mohammed Yaqub Mr Mohammed Ayoub Mr Ghazanfar Ayoub Mr Nadeem Ahmed Mr Feroz Din Mr Nisar Hussain Treasurer Mr Jan Mohammed (deceased 18.8.21) Mr Mohammed Zaheem Mr Sheraz Mumtaz Mr Waseem Zaman Mr Mohammed Umar Farooq Mr Ali Hussain Mr Shabir Ahmed Kataria Mr Tariq Kataria Mr Ghulam Mayauddin Mr Sagir Khan Mr Hamid Mumtaz Mr Adbul Rashid Mr Mohammed Shafique Mr Mohammed Yasin Haji Mohammed Zaman Mr Shabbir Zaman Mr Rizwan Ahmed Mr Kaleem Ashraf Mr Jamil Ahmed Mr Mazhar Hussain Haji Bashir Ahmed Mr Adnan Hussain Mr Mohammed Saleem Mr Zahir Ul Din Mr Mohammed Tahir (appointed 18.8.21)
Independent Examiner
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Page 3
Beeston Muslim Centre
Trustees' Report for the Year Ended 31 December 2020
Approved by order of the board of trustees on 8 October 2021 and signed on its behalf by:
Mr Mansoor Ahmed - Trustee
Page 4
Independent Examiner's Report to the Trustees of Beeston Muslim Centre
Independent examiner's report to the trustees of Beeston Muslim Centre
I report to the charity trustees on my examination of the accounts of Beeston Muslim Centre (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
Maqbool Ahmed ACA M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
8 October 2021
Page 5
Beeston Muslim Centre
Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 61,406 | 38,404 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Mosque expenditure | 43,175 | 21,479 | |
| NET INCOME | 18,231 | 16,925 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 274,633 | 257,708 | |
| TOTAL FUNDS CARRIED FORWARD | **292,864 ** | 274,633 |
The notes form part of these financial statements
Page 6
Beeston Muslim Centre
Balance Sheet 31 December 2020
| 31.12.20 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 325,424 CURRENT ASSETS Debtors 6 939 Cash at bank 14,432 15,371 CREDITORS Amounts falling due within one year 7 (10,581) NET CURRENT ASSETS 4,790 TOTAL ASSETS LESS CURRENT LIABILITIES 330,214 CREDITORS Amounts falling due after more than one year 8 (37,350) NET ASSETS 292,864 FUNDS 10 Unrestricted funds 292,864 TOTAL FUNDS **292,864 ** |
31.12.19 Total funds £ 316,883 917 10,691 11,608 (12,524) (916) 315,967 (41,334) 274,633 274,633 274,633 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8 October 2021 and were signed on its behalf by:
Mr Mansoor Ahmed - Trustee
The notes form part of these financial statements
Page 7
Beeston Muslim Centre
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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Beeston Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.20 | 31.12.19 | |
|---|---|---|
| Imam | 1 | 1 |
| Teachers/Others | 1 | - |
| 2 | 1 |
No employees received emoluments in excess of £60,000.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 38,404 |
| EXPENDITURE ON | |
| Charitable activities | |
| Mosque expenditure | 21,479 |
| NET INCOME | 16,925 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 257,708 |
| TOTAL FUNDS CARRIED FORWARD | 274,633 |
continued...
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Beeston Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
5. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 January 2020 356,847 Additions 6,810 At 31 December 2020 363,657 DEPRECIATION At 1 January 2020 43,012 Charge for year 7,021 At 31 December 2020 50,033 NET BOOK VALUE At 31 December 2020 313,624 At 31 December 2019 313,835 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Taxation and social security Other creditors |
Fixtures and fittings £ 3,881 10,046 13,927 833 1,294 2,127 11,800 3,048 31.12.20 £ 939 31.12.20 £ 10,381 - 200 **10,581 ** |
Totals £ 360,728 16,856 377,584 43,845 8,315 52,160 325,424 316,883 31.12.19 £ 917 31.12.19 £ 10,381 355 1,788 12,524 |
|---|---|---|
continued...
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Beeston Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE | YEAR | ||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| £ | £ | ||||
| Bank loans (see note 9) | 37,350 | 41,334 | |||
| 9. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.12.20 | 31.12.19 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank loans | **10,381 ** | 10,381 | |||
| Amounts falling between one and two years: | |||||
| Bank loans - 1-2 years | **10,381 ** | 10,381 | |||
| Amounts falling due between two and five years: | |||||
| Bank loans - 2-5 years | 26,969 | 30,953 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds |
31.12.20 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 274,633 | 18,231 | 292,864 | ||
| TOTAL FUNDS | 274,633 | **18,231 ** | **292,864 ** | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources |
Movement | |||
| resources | expended |
in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 61,406 | (43,175) | 18,231 | ||
| TOTAL FUNDS | 61,406 | **(43,175) ** | **18,231 ** |
continued...
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Beeston Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.19 £ 257,708 257,708 |
Net movement in funds £ 16,925 16,925 |
At 31.12.19 £ 274,633 |
|---|---|---|---|
| 274,633 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,404 | (21,479) | 16,925 |
| TOTAL FUNDS | 38,404 | (21,479) | 16,925 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.19 £ 257,708 257,708 |
Net movement in funds £ 35,156 35,156 |
At 31.12.20 £ 292,864 |
|---|---|---|---|
| 292,864 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 99,810 | (64,654) | 35,156 |
| TOTAL FUNDS | 99,810 | (64,654) | 35,156 |
continued...
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Beeston Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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Beeston Muslim Centre
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | - |
| Donations | 49,619 | 38,404 |
| Gift aid | 7,142 | - |
| Grants | 4,644 | - |
| 61,406 | 38,404 | |
| Total incoming resources | 61,406 | 38,404 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 16,902 | 4,967 |
| Hire of plant and machinery | 180 | - |
| Rates and water | 1,498 | 1,334 |
| Insurance | 1,091 | 1,026 |
| Light and heat | 2,560 | 2,583 |
| Telephone | 414 | 484 |
| Postage and stationery | 481 | - |
| Sundries | 1,567 | 98 |
| Repairs and maintenance | 5,184 | 740 |
| Cleaning | 867 | - |
| Children classes | 1,628 | - |
| Depn of freehold property | 7,021 | 6,850 |
| Depn of fixtures and fittings | **1,294 ** | 833 |
| 40,687 | 18,915 | |
| Support costs | ||
| Finance | ||
| Bank charges | 59 | - |
| Governance costs | ||
| Accountancy and legal fees | 200 | 100 |
| Bank loan interest | 2,229 | 2,464 |
| 2,429 | 2,564 | |
| Total resources expended | 43,175 | 21,479 |
| Net income | **18,231 ** | 16,925 |
This page does not form part of the statutory financial statements
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