Charity registration number: 1106932
Queensgate Islamic Centre Annual Report and Financial Statements for the Year Ended 20 July 2021
MacMahon Leggate Chartered Accountants 1st Floor Kingsway House Kingsway Burnley Lancashire BB11 1BJ
Queensgate Islamic Centre
Contents
| Reference and Administrative Details Trustees' Report |
1 2 to 3 |
|---|---|
| Independent examiner's report | 4 |
| Statement of financial activities Balance Sheet |
5 6 |
| Notes to the financial statements | 7 to 10 |
| The following page does not form part of the statutory financial statements: |
Statement of financial activities per fund 11
Queensgate Islamic Centre Reference and Administrative Details
| Charity name | Queensgate Islamic Centre |
|---|---|
| Charity registration number | 1106932 |
| Trustees | B Nazia |
| S A Khan | |
| I Mirza | |
| I Ahmed | |
| S Aziz | |
| Bankers | HSBC |
| Blackburn | |
| 60 Church Street | |
| Blackburn | |
| BB1 5AS | |
| Accountant | MacMahon Leggate |
| 1st Floor | |
| Kingsway House | |
| Kingsway | |
| Burnley | |
| Lancashire | |
| BB11 1BJ |
Page 1
Queensgate Islamic Centre
Trustees' Report
Introduction
The trustees present their annual report and financial statements for the year ended 20 July 2021 and confirm that they comply with the Charities Act 2006, as amended by the Charities Act 2011, the constitution and the Charities SORP 2015.
The board of trustees are satisfied with the performance of the charity during the year, the position at 20 July 2021 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations.
Structure, Governance and Management
Governing Document
Queensgate Islamic Centre was constituted as a charitable trust registered with the Charity Commission in November 2004 under charity number 1106932. It is governed by a constitution last updated in October 2009.
Organisational Structure
The charity trustees are responsible for the general control and management of the charity. With the exception of Mr Bibi Nazia, the trustees give their time freely and receive no remuneration or other financial benefits.
Appointment of Trustees
The existing trustees are responsible for the appointment of new trustees.
Objectives and Activities of the Charity
The objects of the charity are set out in its constitution and are summarised as follows:
To advance education by establishing educational centres and to maintain and manage such centres for the public in the subject of the Islamic faith according to the creed of Ahlus-Sunnah Wal Jama’ah.
To advance the Islamic religion by establishing and providing facilities for prayers and other religious functions including producing and distributing literature and also to maintain such facilities for the public.
To advance such other charitable purposes as may from time to time be determined.
Page 2
Queensgate Islamic Centre
Trustees' Report
Achievements and Performance of the Charity
During the year the charity has continued to steadily and successfully raise money via deductions and loans from the Muslim community across the country.
Financial Review
Policies on reserves
The trustees have resolved to establish reserves to provide for the furtherance of the charity’s activities.
Details of any funds materially in deficit
No funds are in deficit.
Approved by the Trustees on 28 June 2022 and signed on their behalf by:
SIGNED SECURELY 28/06/2022 at 10:31:29 AM UTC
.........................................
S Aziz Trustee
Page 3
Independent Examiner's Report to the Trustees of
Queensgate Islamic Centre
I report on the accounts of the Trust for the year ended 20 July 2021, which are set out on pages 5 to 10.
Respec�ve responsibili�es of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
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 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 matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... Richard Robinson MacMahon Leggate Chartered Accountants 28 June 2022
1st Floor Kingsway House Kingsway Burnley Lancashire BB11 1BJ
Page 4
Queensgate Islamic Centre
Statement of Financial Activities for the Year Ended 20 July 2021
| Note Incoming resources Incoming resources from generated funds Voluntary income 2 Incoming resources from charitable activities 4 Other incoming resources 5 Total incoming resources Resources expended Costs of generating funds Costs of generating voluntary income 6 Charitable activities 6 Other resources expended 6 Total resources expended Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 55,310 6,141 13,021 74,472 - 43,181 - 43,181 31,291 190,932 222,223 |
Total Funds 2021 £ 55,310 6,141 13,021 74,472 - 43,181 - 43,181 31,291 190,932 222,223 |
Total Funds 2020 £ 52,674 - - |
|---|---|---|---|
| 52,674 | |||
| (664) - 45,979 |
|||
| 45,315 | |||
| 7,359 183,573 |
|||
| 190,932 |
All incoming resources and resources expended derive from continuing activities.
The charity has no recognised gains or losses for the year other than the results above.
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 5
Queensgate Islamic Centre
Balance Sheet as at 20 July 2021
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current liabilities Net assets The funds of the charity: Unrestricted funds Unrestricted income funds Total charity funds |
£ 198 42,887 43,085 (246,883) |
2021 £ 426,021 (203,798) 222,223 222,223 222,223 |
£ 199 11,643 11,842 (246,931) |
2020 £ 426,021 (235,089) 190,932 190,932 190,932 |
|---|---|---|---|---|
Approved by the Board on 28 June 2022 and signed on its behalf by:
SIGNED SECURELY
28/06/2022 at 10:31:29 AM UTC
.........................................
S Aziz Trustee
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 6
Queensgate Islamic Centre
Notes to the Financial Statements for the Year Ended 20 July 2021
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards and the Charities Act 2011.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 12.
Incoming resources
Voluntary income including donations and grants that provide core funding or are of a general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
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.
Fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost.
2 Voluntary income
| Donations and legacies Committed giving UK Government grants |
Unrestricted Funds £ 55,310 - 55,310 |
Total Funds 2021 £ 55,310 - 55,310 |
Total Funds 2020 £ 48,807 3,867 |
|---|---|---|---|
| 52,674 |
Page 7
Queensgate Islamic Centre
Notes to the Financial Statements for the Year Ended 20 July 2021
......... con�nued
3 Grants receivable
| UK Government grants Incoming resources from charitable activities Community support Committed giving Other incoming resources Other income UK Government grants Total resources expended Direct costs Employment costs Establishment costs Repairs and maintenance Office expenses Sundry and other costs Accountancy fees |
Unrestricted Funds £ 13,021 |
Total Funds 2021 £ 13,021 Total Funds 2021 £ 6,141 Total Funds 2021 £ 13,021 Community support £ 15,357 8,149 14,507 662 3,300 1,206 43,181 |
Total Funds 2020 £ 3,867 |
|---|---|---|---|
| Unrestricted Funds £ 6,141 |
Total Funds 2020 £ - |
||
| Unrestricted Funds £ 13,021 |
Total Funds 2020 £ - |
||
| Total £ 15,357 8,149 14,507 662 3,300 1,206 |
|||
| 43,181 |
4 Incoming resources from charitable activities
5 Other incoming resources
6 Total resources expended
Page 8
Queensgate Islamic Centre
Notes to the Financial Statements for the Year Ended 20 July 2021
......... con�nued
7 Employees' remuneration
The aggregate payroll costs of these persons were as follows:
| Wages and salaries | 2021 £ 15,357 |
2020 £ 17,657 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year (2020 - No. 0).
8 Tangible fixed assets
Freehold interest in land and buildings (including heritage assets) £
Cost
| As at 21 July 2020 and 20 July 2021 Net book value As at 20 July 2021 As at 20 July 2020 |
426,021 426,021 426,021 |
|---|---|
9 Debtors
| Other debtors | 2021 £ 198 |
2020 £ 199 |
|---|---|---|
10 Creditors: Amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2021 £ 72 246,307 504 246,883 |
2020 £ 72 246,307 552 246,931 |
|---|---|---|
Page 9
Queensgate Islamic Centre
Notes to the Financial Statements for the Year Ended 20 July 2021
......... con�nued
11 Related parties
Controlling entity
The charity is controlled by the trustees.
12 Analysis of funds
| At 21 | July | Incoming | Resources | At 20 | July | |
|---|---|---|---|---|---|---|
| 2020 | resources | expended | 2021 | |||
| £ | £ | £ | £ | |||
| General Funds | ||||||
| Unrestricted income fund | 190,932 | 74,472 | (43,181) | 222,223 |
13 Net assets by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ 426,021 43,085 (246,883) 222,223 |
Total Funds 2021 £ 426,021 43,085 (246,883) 222,223 |
Total Funds 2020 £ 426,021 11,842 (246,931) 190,932 |
|---|---|---|---|
Page 10
Queensgate Islamic Centre
Statement of financial activities by fund Year Ended 20 July 2021
| Incoming resources Incoming resources from generated funds Voluntary income Incoming resources from charitable activities Other incoming resources Total incoming resources Resources expended Costs of generating funds Costs of generating voluntary income Charitable activities Other resources expended Total resources expended Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted income fund 2021 £ 55,310 6,141 13,021 74,472 - 43,181 - 43,181 31,291 190,932 222,223 |
Unrestricted income fund 2020 £ 52,674 - - |
|---|---|---|
| 52,674 | ||
| (664) - 45,979 |
||
| 45,315 | ||
| 7,359 183,573 |
||
| 190,932 |
This page does not form part of the statutory financial statements.
Page 11