Charity re8lStration number.. 1106932 Queensgate Islamic Centre Annual Report and Financial Statements for the Year Ended 20 July 2024
Queensgate Islamic Centre Contents Reference and Administrative Details Trustees, Report 2to3 Independent examiner's report Statement of financial activities Balance Sheet Notes to the financial ststements _ 7tolO The following page does not form part of the Statutory financial statements: Statement of financial activities per fund li
Queensgate Islamic Centre Reference and Adminlstrative Details Charlty name Queen58ate Islamic Centre Charity registration number 1106932 Trustees B Nazla SA Khan l Mirza l Ahmed S Azi2 Bankers HSBC Blackburn 60 Church Street Blackburn BBI SAS Accountant Macmahon Leggate 1st Floor Kingsway House Kingsway Burnley Lancashire BBII IBJ Page I
Queensgate Islamic Centre Trustees, Report Introductlon The trustees present their annual report and financial statements for the year ended 20 July 2024 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 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity'5 assets are adequate to fulfil its obligations. Structure, Governance and Management Governlng 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 Strurture The charity trustees are responsible for the general control and management of the charity. With the exception of Mr Bibi Nazia and Mr Saad Aziz, the trustees give their time freely and receive no remuneration or other financial benefits. Appointment of Trustees The existing trustee5 are responsible for the appointment of new trustee5. Objectlves and Activitles 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 suth 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 providin8 facilities for prayers and other religious functions including producing and distributing literature and also to malntain 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 Charlty During the year the charity has continued to steadily and successfully raise money via deductions and loans from the MuslSm community acr055 the country. Financial Review Policie5 on reserves The trustees have resolved to establish reserves to provide for the furtherance of the charitls activities. Detalls of any fvnds materially In defirit No funds are in deficit. Approved by the Trustee5 on 7 May 2025 and signed on their behalf by: SIGNED SECURELY t2fo512026 •t 8..19:O7 PM UTC S Aziz Trustee Page 3
Independent Examiner's R¢port to the Trustees of Queensgate Islamic Centre I report on the accounts ofthe Trust forthe yearended 20July 2024, which are set out on pages 5 to 10. Respectfve responsibiiiiles ot 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 144121 of the Charities Act 2011{the 2011 Art) 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 {51 Ibl of the 2011 Act,. and 5tste whether particular matters have come to my attention. Basls of Independent examiner's report My examlnation was carried out in accordance with the General Directions given by the Charity Commission. An examination Includes a review of the attounting 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 seekin8 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 15 Biven as to whether the accounts present a 'true and fair view, and the report is Ilmited to those matters set out in the ststement below. Independent examlner's Statement In connectlon with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accountlng records in accordance with section 130 of the Act; and to prepare accounts which accord with the accountin8 records and comply with the accounting requlrements of the 2011 Act have not been met; or {21 to which, in my opinion, attention should be drawn in order to enable a proper under5tsnding of the accounts to be reached. 1st Floor Kin8sway House Kin8sway Burnley Lanca5hire BBII IBJ Richard Robins nFCA Macmahon Leg8ate Chartered Accountants 7 May 2025 Page 4
Queensgate Islamic Centre Statement of Financial Activities for the Year Ended 20 July 2024 Unrestricted Total Funds Funds 2024 Total Funds 2023 Note Incomlng resources Incoming resources from generated funds Voluntary income Other incoming resources Total incoming resources 71,918 6,500 78,418 71,918 6,500 78,418 76.657 5,840 82.497 Resources expended Costs of generating funds Costs of generating voluntary income Total resources expended 84,124 84,124 84,124 84,124 66,032 66,032 Net movements in funds 15.7061 (5,706) 16,465 Reconclliation of funds Total funds brought forward Total funds carried forward 263,738 258,032 263,738 258,032 247,273 263,738 All incoming resources and resources expended derive from continuing actlvities. 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 2024 2024 2023 Nrte Fixed assets Tangible assets 426,021 426,021 Current assets Debtors Cash at bank and in hand 174 80,743 80,743 87,029 87,203 Creditors: Amounts falllng due within one year 1248,732} {249,4861 Net current Ilabllities (167,9891 (162.2831 Net a55ets 258,032 263,738 The funds of the charity: Unrestricted funds Unrestricted income funds 258,032 263.738 Total charity funds 258,032 263,738 Approved bythe Board on 7 May 2025 and signed on its behalf by: SIQNED SECURELY 1210512025 Jt 8..19."Q7 PAI VTC S A2iZ Trustee The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
Queensgate Tslamic Centre Trlotes to the Financial Statenients for the Year Ended 20 July 2024 Accounting pollcles Basls of preparation The financial statements have been prepared under the historical c05t convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities {SORP 20051,, issued in March 2005, appltcable 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 11. Incomlng resources Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 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 generatinB funds are the costs associated with attracting voluntary income. Fixed assets Individual fixed a55ets costing £100 or more are initially recorded at cost. Voluntary income Unrestrirted Total Funds Funds 2024 Total Funds 2023 Donatlons and legacles Committed giving 71,918 71,918 76,657 Page 7
Queensgate Islamic Centre Notes to the Financial Statements for the Year Ended 20 July 2024 . continued Other Incoming resource5 Unrestricted Total Funds Funds 2024 Total Funds 2023 Other Income Rental income 6,500 6,500 5,840 Total resources expended Donations and legacies Total Dlrect costs Other direct costs Employment costs Establishment costs Repairs and maintenance Accountancy fees Bank charges 17,000 46,128 16,931 2,262 1.645 158 17,000 46.128 16,931 2,262 1,645 158 84,124 84,124 Trustees, remuneratlon and expense5 During the year, B Nazia received gross remuneration of £13,346 and S Aziz gross remuneration of £8,952 from Queensgate Islamic Centre. Employees, remuneration The aggregate payroll tosts of these persons were as follows.. 2024 2023 Wages and salaries No employee received emoluments of more than £60.000 durin8 the year12023- No. 01. 46,128 39,428 Page 8
Queensgate Islamic Centre Notes to the Financial Statements for the Year Ended 20 July 2024 . continued Tangible fixed assets Freehold Interest in land and buildinE5 {including heritage assets) Cost As at 21 July 2023 and 20July 2024 426.021 Net book value As at 20 July 2024 As at 20 July 2023 426.021 426,021 Debtors 2024 2023 Other debtors 174 Creditors: Amountsfalling due within one year 2024 2023 Trade creditors Taxation and social security Other creditors Accruals and deferred income 540 1.825 246.307 600 248.406 540 248,732 249,486 Page 9
Queensgate Islamic Centre Notes to the Financial Statements for the Year Ended 20 July 2024 . continued 10 RelatÈd partles Controlllng entity The charity is controlled by the trustees. 11 Analysls of funds At 21 Julv 2023 Incoming resource5 Resources expended At 20 July 2024 General Funds Unrestricted income fund 263,738 78,418 (84.124) 258,032 12 Net assets by fund Unrestrlcted Funds Total Funds 2024 Total Funds 2023 Tangible assets Current assets Creditors- Amounts falling due within one year Net assets 426,021 80,743 1248,732) 258,032 426,021 80,743 (248,732) 258,032 426.021 87,203 1249,4861 263.738 Page 10
Queensgate Islamic Centre Statement of financial activities by fund Year Ended 20 July 2024 Unrestricted Unrestrlcted income fund income fund 2024 2023 Incoming resources Incoming resources from generated funds Voluntary income Other incoming resource5 Total incoming re50urce5 71,918 6,500 78,418 76,657 5,840 82.497 Resources expended Costs of generating funds Costs of generating voluntary income Total resources expended 84,124 84,124 66,032 66,032 Net movements in funds 15,706) 16,465 Reconciliation of funds Total funds brought forward Total funds carried forward 263,738 258,032 247,273 263,738 This page does not form part ofthe statutory financial statements. Page 11