2020-11-30-accounts

Registered Charity Number: 1109296

EDGWARE MUSLIM COMMUNITY CENTRE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

ASAD RAHIM & CO.

CHARTERED CERTIFIED ACCOUNTANTS 8 PARK WAY EDGWARE MIDDLESEX HA8 5EZ

EDGWARE MUSLIM COMMUNITY CENTRE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 NOVEMBER 2020

The trustees present their annual report and financial statements for the year ended 30 November 2020 and confirm that they comply with the Charities Act 1993, as amended by the Charities Act 2006 and the Charities SORP 2005.

Board of Trustees

Mr Mayeen Uddin Ahmed Mr Abdul Jabbar Mr Mizanur Rahman Mr Abdul Aziz Mr Hussain Ahmed Mr Misbabul Bor

Charity Registration No. 1109296

Address:

48 High Street Edgware Middlesex HA8 7EQ

Contact:

Mr Mayeen Uddin Ahmed

Governing Document

Edgware Muslim Community Centre is constituted as a charity and registered with the Charity Commission on 3 May 2005. The constitution was adopted on 25 March 2005 and amended on 7 September 2012.

Aims and Objectives

The aims and objectives of the charity are:

• The advancement of the religion of Islam in accordance with the tenets and doctrines of religion of Islam.

• The advancement of the education of Muslim children in accordance with the tenets and doctrines of the religion of Islam.

• The relief of such members of the Muslim community who are poor and needy.

• Arrange prayer facilities for the local Muslim community.

Structure of the Organisation

The charity’s trustees are responsible for management of the charity. The trustees give their time freely and receive no remuneration or any other financial benefits. The trustees meet together as a body on a regular basis and are responsible for making decision in relation to running the

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organisation effectively. The trustees have set up a managing committee for the smooth running of the charity and to maintain its day to day finances.

The existing trustees are responsible for appointment of new trustees but they consider nominations only recommended by the local community leaders as well as by the managing committee. The trustees believe this method is very effective way to build strong relationship between the charity and the local community where the charity operates.

Risk Management

The trustees have assessed the risks the charity faces and review these risks regularly at their meeting and confirm that systems are in place in order to manage these risks and necessary steps can be taken to manage the risks that have been identified.

Financial Review and Investment Policy

The charity no long term investment. The charity’s cash are held in UK bank current accounts.

Trustees Responsibilities to the Financial Statements

The charity’s trustees are responsible for preparation of financial statements in accordance with applicable law to charities in England and Wales which gives true and fair view of the state of affairs of the charity during the financial year. In preparing the financial statements, the trustees are required to:

• Select suitable accounting policy and the apply them consistently;

• follow the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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 1993. 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.

Approved by the trustees on 23 February 2021 and signed on their behalf by:

Mayeen Uddin Ahmed

Chair of Trustees

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EDGWARE MUSLIM COMMUNITY CENTRE

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES AND MEMBERS

We report on the financial statements of Edgware Muslim Community Centre for the year ended 30 November 2020, which set out on pages 4 to 7.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed. It is my responsibility to:

• examine the accounts under section 145 of the Charities Act,

• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• to state whether particular matters have come to my attention.

Basis on 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 matter has come to my attention:

1. Which gives me reasonable cause to believe that in, any material respect, the requirements:

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Asad Rahim & Co.

Chartered Certified Accountants

8 Park Way Edgware Middlesex HA8 5EZ

23 February 2021

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EDGWARE MUSLIM COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 NOVEMBER 2020

Incoming Resources Donations and Subscriptions Donations - Zakat & Fitra HMRC JRS Grant Total Incoming Resources Resources Expended General Rates Staff Wages Insurance Light and Heat Donations - Zakat & Fitra Telephone Repairs and Maintenance Bank Charges General Administration Depreciation on Fixtures & Equipment Total Resources Expended Net Movement in Funds Total Funds Brought Forward Total Funds Carried Forward	Unrestricted Funds £ 44,925 3,542 48,467 7,184 20,752 1,265 4,623 771 950 285 89 349 36,268 12,199 1,061,496 1,073,695	Restricted Funds £ 3,741 3,741 3,741 3,741 - - -	Total Funds 2020 £ 44,925 3,741 3,542 52,208 7,184 20,752 1,265 4,623 3,741 771 950 285 89 349 40,009 12,199 1,061,496 1,073,695	Total Funds 2019 £ 105,922 8,375 -
				114,297
				6,960 24,042 1,241 4,056 10,120 743 4,700 562 89 349
				52,862
				61,435 1,000,061
				1,061,496

There were no recognised gains and losses for the year other than stated in the statement of financial activities above. All incoming resources and resources expended derived from continuing activities.

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EDGWARE MUSLIM COMMUNITY CENTRE

BALANCE SHEET

AS AT 30 NOVEMBER 2020

	Note	2020	2019
Fixed Assets
Tangible Assets	2	966,534	966,883
Current Assets
Cash at Bank		107,161	94,613
		___	___
Net Assets		1,073,695	1,061,496
		=========	=========
The Charity’s Fund
Unrestricted General Funds	3	1,073,695	1,061,496
		=========	==========

Approved by the trustees and signed on their behalf by:

Mayeen Uddin Ahmed Chair of Trustees

Date: 23 February 2021

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EDGWARE MUSLIM COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

1. Accounting Policies

1.1 Basis of Accounting

The financial statements have been prepared under the historic cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) Issued in March 2005, and applicable to UK Accounting Standards and the Charities Act 1993.

1.2 Incoming Resources

Unrestricted funds are those are received by way of donations at their own discretion and the trustees are free to use these funds for any purpose in advancement of the charity and charitable objects.

Restricted funds are those to be used in accordance with specific restrictions imposed by the donor and for the purpose which donation was collected.

1.3 Resources Expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. All expenditures are taken into consideration on an accruals basis and have been classified under appropriate heading in the statement of financial activities.

1.4 Value Added Tax

Value added tax is not recoverable by the charity and charged against the category of the resources expended for which it was incurred.

1.5 Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write off cost of the asset over its expected useful life. The following rates apply:-

Fixtures and Equipment - 10% straight line

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EDGWARE MUSLIM COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

2. Fixed Assets: Tangible Assets

Cost			Fixtures &		Land &		Total
			Equipment		Building
Balance Brought Forward			3,495		965,831		969,326
			3,495		965,831		969,326
Depreciation
Balance Brought Forward			2,443		-		2,443
Charge foryear			349		-		349
			2,792		-		2,792
Net Book Value
At 30 November 2020			703		965,831		966,534
At 30 November 2019			1,052		965,831		966,883

						2020		2019
3. General Reserve Funds
Balance Brought Forward						1,061,496		1,000,061
Add: Income						52,208		114,297
Less: Expenses						(40,009)		(52,862)
Total Unrestricted Funds						1,073,695		1,061,496

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