The Muslim Welfare Association of Chesterfield and North Derbyshire
## **THE MUSLIM WELFARE ASSOCIATION OF CHESTERFIELD AND NORTH DERBYSHIRE**
**FINANCIAL STATEMENTS FOR 31 March 2024**
**Charity Number 1117487**
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Financial Statements For the year ended 31 May 2024**
|**Contents**|**Page**|
|---|---|
|Members of the board and professional advisers|**1**|
|Trustees’ annual report|**2-4**|
|Independent Examiner’s report|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8-14**|
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Members Of The Board And Professional Advisers**
## **The Board of Trustees**
Farooq Saddique – Chairman Mahroof Saddique – Treasurer Zafar Iqbal – Secretary Stephen Price - Trustee Omar Hammadi - Trustee
## **Registered Office**
10A Marsden Street Chesterfield S40 1JY
## **Independent Examiner**
Mothin Ali My Leeds Accountant Ltd Leeds LS8 2TB
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Trustees Annual Report – Year Ended 31 March 2024**
The trustees have the pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2024
## **Objectives And Activities**
The objectives of the charity are to support CIF work and the running of a luncheon club for the benefit of the Muslim community of Chesterfield and Northeast Derbyshire. The charity also supports the interests of Muslim women within the designated area.
## **Summary of The Main Activities Undertaken for The Public Benefit In Relation To These Objects**
In planning our activities for the year, we kept in mind the Charity Commission’s guidance on public benefit at our trustees’ meetings and ensure that this is the driving force behind our activities.
## **Achievements And Performance**
It has been a very busy but also a very rewarding year with fundraising at the heart of our efforts to raise enough funds to repair the roof and install new windows and fans to provide ventilation in the summer and warmth in the winter. I am pleased to announce that as I write this, we are just over £10,000 short of the required £130,000 to carry out the above repairs and make our wonderful premises secure and watertight. This I feel has been an absolutely wonderful achievement by all the community and I feel so proud of everyone who has given up their time and money in order to get to this point.
We have continued to establish Youth forums for children from 8-18 years old to tackle everyday issues and allow children to address any questions that they have about Islam and how it affects their daily lives. This project is also ongoing and was started last summer as it was felt that our children needed a platform to air their queries and concerns and discuss matters which they perhaps otherwise would not broach at home such as online bullying and eating disorders.
Ladies’ classes are being provided to allow our mothers and sisters to congregate in a safe environment and discuss Islam and better educate themselves. We hope that such classes will also help to alleviate the big problem of Isolation and depression that many Muslims especially women feel living in a small community.
Funeral Service - One of our key objectives was to be totally independent and be able to carry out the ghusl of the deceased in our own community rather than having to travel many miles to do this and rely on the permission and understanding of others. We will be looking at completing this project once our new community centre has been up and running for a few years.
Interfaith Forum - we have built on our extremely successful inter-faith Project where members of the non-Muslim community are welcomed into the Mosque to allow them to sit with us and see Islam being practised in front of their eyes rather than letting the media drive an anti-Islamic narrative. We have made many new friends and we provide a platform for them discuss new and interesting subjects.
Interpreting/Signposting - We have been providing an interpretation and signposting service from the mosque as quite a few members of our community do not have English as their first language, and we will use signposting to point members to the varied services available to help make their daily lives
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## more fulfilling.
Over the past year we have been extremely active in providing a foodbank initiative for vulnerable members of not only the local Muslim community but also the wider population . We have an opendoor policy where families who are struggling to make ends meet are encouraged to come into our premises and help themselves to basic necessities. We have set up a fund where members can provide financial assistance to the most vulnerable in Chesterfield & North Derbyshire.
Finally, we have been at the forefront in welcoming Refugee families from Syria who have suffered horrifically both physically and mentally. We have worked with such families to help provide them with food, medical assistance, schooling and interpretation as and when required and the whole community has pitched in together to make these families ( who are dispersed throughout Derbyshire ) welcome.
## **FINANCIAL REVIEW**
## **Reserves Policy**
The reserves policy is to build up reserves to sustain our activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is based at 10a Marsden Street, Chesterfield, Derbyshire, S40 1JY which is the principal address of the charity (Registered Charity No. 1117487).
## **Induction and Training of Trustees**
A skills audit has been undertaken to discover those skills which are required by the trustee body. Efforts are made to recruit trustees who meet the skill requirement. The overall composition of the trustee body aims to be as representative of the community as is possible.
## **Risk Management Policy**
The trustees examine the major risks that the charity faces each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks to mitigate any impact that they may have on the charity in the future.
## **Independent Examiner**
Mothin Ali of My Leeds Accountant Ltd, has been appointed as the independent examiner for the year ending 31 March 2024.
Signed on behalf of the trustees: F Saddique Chairman
Approved by the trustees on: 17 January 2025
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Independent Examiners Reports to The Trustees for The Year Ended 31 March 2024**
## **Independent Examiners Report to the Trustees**
I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 14.
## **Respective Responsibilities of Trustees and The Examiner**
The trustees (who are also the directors of the company for the purposes of company law) 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.
Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, 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, as amended); and state whether matters have come to my attention.
## **Basis Of 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 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 other than that disclosed below:
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, comply with the accounting requirements of the Act; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Concerns encountered during the course of the independent examination were: -
Records and evidence were incomplete with respect to income received relating to donations and fundraising.
Mothin Ali FCCA My Leeds Accountant Ltd Leeds LS8 2TB
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Statement Of Financial Activities Year Ended 31 March 2024**
|**Statement Of Financial Activities**
**Year Ended 31 March 2024**|||
|---|---|---|
||**Restricted**||
||**Unrestricted**
**income**
**Endowment**
**Total this**
**Total last**||
||**funds**
**funds**
**funds**
**year**
**year**||
||**£**
**£**
**£**
**£**
**£**||
|**Incoming resources (Note 3)**
Donations
Grants Receivable
Other Income
**Other incoming**
**resources**
**_Total incoming resources_**|43,737
-
-
43,737
34,622
911
911
18,625
-
-
18,625
18,286
- -
-
-
-
63,273
-
-
63,273
52,908
~~S525~~||
|**Resources expended (Note 4)**
**Costs of Generating**
**Funds**
**_Total resources expended_**
**_Net incoming/(outgoing)_**
**_resources before transfers_**
**Gross transfers between funds**
**_Net incoming/(outgoing)_**
**_resources before other_**
**_recognised gains/(losses)_**
**_Net movement in funds_**
**Total funds brought forward**
**_Total funds carried forward_**|50,773
-
50,773
109,073
-
-
-
**_Total resources expended_**
50,773
-
-
50,773
109,073
**_Net incoming/(outgoing)_**
12,500
-
-
12,500
-
56,165
- - -
-
-
**_Net incoming/(outgoing)_**
**_resources before other_**
12,500
-
-
12,500
-
56,165
12,500
-
-
12,500
-
56,165
237,305
- -
237,305
293,470
**_Total funds carried forward_**
249,805
-
-
249,805
237,305
~~SS==5~~
~~=====~~||
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Balance Sheet As At 31 March 2024**
|**Fixed assets**
**Tangible assets (Note 5)**
**_Total fixed assets_**
**Current assets**
**Cash at bank and in hand**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 6)**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds**
**_Total funds_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|
||260,451
-
-
260,451
266,113|||||
|||||||
||260,451
-
-
260,451
266,113|||||
|||||||
||9,973
-
-
9,973
9,311|||||
||9,973
-
-
9,973
9,311|||||
|||||||
||9,973
-
-
9,973
9,311|||||
|||||||
||270,424
-
**-**
270,424
275,424|||||
|||||||
||20,619
-
-
20,619
38,119|||||
|||||||
||249,805
-
-
249,805
237,305|||||
|||||||
||249,805
249,805
237,305|||||
||-
-|||||
|||||||
||249,805|-|
-|
249,805|237,305|
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Director's responsibilities**
- The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
…………………………………………………………………….. Date
The notes on pages 8 to 14 form part of these financial statements.
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Notes To The Financial Statements for the Year Ended 31 March 2024**
## **1 Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Charity information**
The Muslim Welfare Association of Chesterfield and North Derbyshire is a registered charity. The charity’s registered office is 10A Marsden Street, Chesterfield S40 1JY. At the end of the year there were five Trustees.
## **1.1 Accounting convention**
These accounts have been prepared in accordance with FRS 102, “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling which is the functional currency of the charity. Monetary amounts in these financial statements to the nearest £.
The accounts have been prepared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below.
These are the accounts for the year ended 31March 2021 are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January2015.
## **1.2 Going concern.**
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Charitable Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for defined purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **1.4 Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **1.5 Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities.
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.9 Financial instruments**
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Taxation**
The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **1.12 Depreciation**
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The Muslim Welfare Association of Chesterfield and North Derbyshire
Individual fixed assets costing £1000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line balance basis as follows: -
**Asset category Annual rate** Equipment - 4 Years straight line Land and Properties 50 Years Straight Line
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
**Note 3 Analysis of incoming resources**
|**Voluntary income**|**Analysis**|**This year**
**£**|**Last year**
**£**|
|---|---|---|---|
||Donations|43,737|104,353|
||Grants|911|16,995|
||Other
Income|18,625|19,071|
||**Total**|63,273|140,419|
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Notes To The Financial Statements Year Ended 31 March 2024**
## **Note 4 Analysis of resources expended**
**----- Start of picture text -----**
This year Last year
Analysis
£ £
Health and safety costs 182
Travel expenses 155 289
Rates 251
Light and heat 8,054 10,354
Water rates 1,623 661
Repairs and maintenance 6,773 82,799
Cleaning 687 626
Computer software, consumables and maintenance 382 -
Insurance 2,148 1,853
Postage 4
Stationery 35 162
Telecommunications and data costs 822 698
Accountancy fees 400 400
Professional fees 18,100 -
Bank charges 75 61
Charitable donations 2,813 2,748
Other office costs 2,862 1,336
Depreciation of freehold land and property 5,662 5,662
Entertaining 1,170
Sundry expenses -1
Total 50,773 109,073
**----- End of picture text -----**
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Notes To The Financial Statements Year Ended 31 March 2024**
## **Note 5 Tangible fixed assets**
## **5.1 Cost or valuation**
|Balance brought
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried
forward|**Freehold**
**land &**
**buildings**
**Other land**
**& buildings**
**Plant,**
**machinery**
**and motor**
**vehicles**
**Fixtures,**
**fittings**
**and**
**equipment**
**Payments**
**on account**
**and assets**
**under**
**construction**
**Total**|
|---|---|
||**£**
**£**
**£**
**£**
**£**
**£**|
||283,099
- - - -
283,099|
||- - - - -
-|
||- - - - -
-|
||- - - - -
-|
||- - - - -
-|
||283,099
-
-
-
-
283,099|
## **5.2 Accumulated depreciation and impairment provisions**
|****Basis**
**** Rate**
Balance brought
forward
Depreciation
charge for year
Impairment
provisions
Revaluations
Disposals
Transfers*
Balance carried
forward
**5.3 Net book value**
Brought forward
Carried forward|SL or
RB|SL or RB|SL or RB|SL or RB|SL or RB||
|---|---|---|---|---|---|---|
||||||||
||||||||
||-|-|-|
16,986|-|16,986|
||5,662|-|-|-|-|5,662|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||5,662|-|
-|
16,986|-|22,648|
||||||||
||283,099|-|
-|
-
16,986|-|266,113|
||277,437|-|
-|
-
16,986|-|260,451|
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The Muslim Welfare Association of Chesterfield and North Derbyshire
## **Notes To The Financial Statements Year Ended 31 March 2024**
|**otes To The Financial Statements**
**ear Ended 31 March 2024**|||||
|---|---|---|---|---|
|**6 Analysis of creditors**
**Qurban Ali**
**Sherko Ismal**
**Funeral Deposits**
**Total**|**Amounts falling**
**due within one year**
**Amounts falling**
**due after more than**
**one year**||||
||**This**
**year**
**Last**
**year**
**This**
**year**
**Last**
**year**
**£**
**£**
**£**
**£**||||
||7,500
15,000||||
||39
10,039||||
||13,080
13,080||||
||20,619|38,119|-|-|
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