Company House Registered number 05321218 Charity Number 1116869
ANATOLIAN MUSLIMS SOCIETY
Report and Accounts
31 December 2020
## **ANATOLIAN MUSLIMS SOCIETY Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Directors' report|2|
|Accountants' report|3|
|Profit and loss account|4|
|Balance sheet|5|
|Notes to the accounts|6|
## **ANATOLIAN MUSLIMS SOCIETY Company Information**
## **Directors**
SADIK CINAR CENGIZ INCE ILKNUR KAHRAMAN
## **Accountants**
AA ACCOUNTANCY SERVICES 244 Chase Road London N14 6HH
**Registered office** 337 Fore Street London N9 0NU
**Registered number** 05321218
1
**ANATOLIAN MUSLIMS SOCIETY Registered number: 05321218 Directors' Report**
The directors present their report and accounts for the year ended 31 December 2020.
## **Principal activities**
The company's principal activity during the year continued to be charity.
## **Directors**
The following persons served as directors during the year:
SADIK CINAR CENGIZ INCE ILKNUR KAHRAMAN
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 September 2021 and signed on its behalf.
SADIK CINAR Director
2
## **ANATOLIAN MUSLIMS SOCIETY**
## **Report to the directors on the preparation of the unaudited statutory accounts of ANATOLIAN MUSLIMS SOCIETY for the year ended 31 December 2020**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ANATOLIAN MUSLIMS SOCIETY for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
AA ACCOUNTANCY SERVICES Chartered Certified Accountants 244 Chase Road London N14 6HH
30 September 2021
3
## **ANATOLIAN MUSLIMS SOCIETY Surplus and Deficit Account for the year ended 31 December 2020**
|22
**Income**
Direct Charitable Expenditure
**Gross Income**
Administrative expenses
**Operating Surplus / (Deficit)**
**Profit before taxation**
Tax on profit
**Surplus / (Deficit) for the Period**|**2020**
**£**
235,731
(100)
235,631
(181,614)
54,017
54,017
-
54,017|**2019**
**£**
228,356
(3,530)
224,826
(208,867)
15,959
15,959
-
15,959|
|---|---|---|
4
|**ANATOLIAN MUSLIMS SOCIETY**
**Registered number:**
**Balance Sheet**
**as at 31 December 2020**
**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Debtors
3
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Net assets**
**Funds**
Surplus and deficit account
**Total Funds**|05321218
**2020**
**£**
68,086
89,142
82,068
171,210
(95,613)
75,597
143,683
143,683
143,683|**2019**
**£**
61,872
6,074
44,730
50,804
(23,010)
27,794
89,666
89,666
89,666|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SADIK CINAR Director Approved by the board on 30 September 2021
5
**ANATOLIAN MUSLIMS SOCIETY Notes to the Accounts for the year ended 31 December 2020**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Intangible fixed assets**_
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|Freehold buildings|over 50 years|
|---|---|
|Leasehold land and buildings|over the lease term|
|Plant and machinery|over 5 years|
|Fixtures, fittings, tools and equipment|over 5 years|
## _**Investments**_
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6
## **ANATOLIAN MUSLIMS SOCIETY Notes to the Accounts for the year ended 31 December 2020**
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Provisions**_
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
## _**Foreign currency translation**_
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
## _**Leased assets**_
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
## **2 Tangible fixed assets**
7
## **ANATOLIAN MUSLIMS SOCIETY Notes to the Accounts for the year ended 31 December 2020**
|**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**3**
**Debtors**
Trade debtors
Other debtors
**4**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors|**Land and**
**buildings**
**£**
32,400
2,000
34,400
-
-
-
34,400
32,400|**Plant and**
**machinery**
**etc**
**£**
52,722
7,964
60,686
23,250
3,750
27,000
33,686
29,472
**2020**
**£**
64,434
24,708
89,142
**2020**
**£**
94,618
995
95,613|**Total**
**£**
85,122
9,964
95,086
23,250
3,750
27,000
68,086
61,872
**2019**
**£**
1,000
5,074
6,074
**2019**
**£**
18,838
4,172
23,010|
|---|---|---|---|
## **5 Other information**
ANATOLIAN MUSLIMS SOCIETY is a private company limited by shares and incorporated in England. Its registered office is: 337 Fore Street
London N9 0NU
8
## **ANATOLIAN MUSLIMS SOCIETY**
## **Detailed Surplus and Deficit Account for the year ended 31 December 2020**
_This schedule does not form part of the statutory accounts_
|**Income**
Direct Charitable Expenditure
**Gross Income**
Administrative expenses
**Operating Surplus / (Deficit)**
**Surplus for the Period**|**2020**
**£**
235,731
(100)
235,631
(181,614)
54,017
54,017|**2019**
**£**
228,356
(3,530)
224,826
(208,867)
15,959
15,959|
|---|---|---|
9
## **ANATOLIAN MUSLIMS SOCIETY**
## **Detailed Surplus and Deficit Account for the year ended 31 December 2020**
_This schedule does not form part of the statutory accounts_
|**Income**
Donations/Grants
Groundwork london
The Big dinner 2019
Greater London
Classroom rent
Student fees
Other income
**Direct Charitable Expenditure**
Meeting and refreshment expenses
Qurban
Canteen
**Administrative expenses**
Employee costs:
Wages and salaries
Pensions
Employer's NI
Staff training and welfare
Travel and subsistence
Premises costs:
Rent
Rates
Service charges
Water bills
Light and heat
Cleaning
General administrative expenses:
Telephone and fax
Postage
Stationery and printing
Information and publications
Subscriptions
Bank charges
Insurance
Voluntaries activities
Kitchen expenses
Equipment expensed
Software
Repairs and maintenance
Depreciation
Sundry expenses|**2020**
**£**
126,283
4,000
-
-
77,970
200
27,278
235,731
-
-
100
100
27,470
220
699
329
-
28,718
113,500
-
-
2,434
6,752
928
123,614
1,089
28
1,391
-
497
204
2,382
-
119
266
700
13,029
3,750
51
23,506|**2019**
**£**
182,453
-
16,522
4,514
23,300
-
1,567
228,356
206
3,300
24
3,530
33,214
239
1,069
456
96
35,074
120,000
439
500
1,693
6,969
241
129,842
990
27
639
850
-
309
2,818
10,380
3,660
556
23
8,465
3,250
374
32,341|
|---|---|---|
Legal and professional costs:
10
## **ANATOLIAN MUSLIMS SOCIETY**
## **Detailed Surplus and Deficit Account for the year ended 31 December 2020**
_This schedule does not form part of the statutory accounts_
|Accountancy fees
Consultancy fees
Advertising and PR
Other legal and professional|**2020**
**£**
1,020
3,725
386
645
5,776
181,614|**2019**
**£**
500
10,900
210
-
11,610
208,867|
|---|---|---|
11