AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
FINANCIAL STATEMENTS FOR THE Year Ended 30/11/2021
Accountants
Mintel Accountants Ltd Suite 35 -36 The Design Works Park Parade London NW10 4HT
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD FINANCIAL STATEMENTS FOR THE Year Ended 30/11/2021
Contents:
| Contents: | |
|---|---|
| Pages Number | |
| Charity Information | 3 |
| Report of Trustees | 4-5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner's reports | 7 |
| Statements of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statement | 10-11 |
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
Charity Information
Roles
Osman Yusuf Ahmed Chair Saido Ahmed Treasurer Saynab Cabdow Adan Secretary Osman Sheikh mani Mumin Trustee Esse Aweis Trustee
Charity Number: 1118359
Principle Office: 97 Longbridge Road, Barking, London, Essex, IG11 8TB
Independent Examiner:
Mr Ahmed Ali FMAAT Mintel Accountants Ltd Suite 35 -36 The Design Works Park Parade London NW10 4HT
Bankers:
Metro Bank Plc One Southampton Row London WC1B 5HA
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
Trustees' Report For the year ended 30/11/2021
The Trustees present their report and the financial statements for the year ended 30/11/2021.
Governing Instrument:
The charity's objects and regulations are regulated by the constitution adopted in 1994 and the charity is an unincorporated association.
The objects of the charity is to provide the following activities:
Religious Activities, Children/Young People, Elderly/Old People, People With Disabilities, The General Public/Mankind, Makes Grants To Individuals, Makes Grants To Organisations, Provides Human Resources, Provides Buildings/Facilities/Open Space, Provides Services,
Provides Advocacy/Advice/Information, Sponsors Or Undertakes Research, Acts As An Umbrella Or Resource Body.
The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities and one of the committee member is nominated as chairperson, to monitor the day to day running of the charity.
Trustees and/or principal officers:
The following officers of the charity have held office for the whole of the year:
| Osman Yusuf Ahmed | Chair |
|---|---|
| Saido Ahmed | Treasurer |
| Saynab Cabdow Adan | Secretary |
| Osman Sheikh mani Mumin | Trustee |
| Esse Aweis | Trustee |
The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution.
Activities and Achievements:
During the year the charity continued to collect donations from the members of public as well as memberships' fees. There are continuous commitment from the users and members to support the charity's activities.
With the commitment as indicated above, the financial position of the charity is very secure with net asset of £ 516,167 as at 30/11/2021.
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD Year ended 30/11/2021
Statement of Trustees Responsibilities
Under the Charities Act 1993 , the trustees are required to prepare a statements of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement, the trustees are required to:
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Select suitable accounting policies and apply them consistently,
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Make judgements and estimates that are reasonable and prudent,
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State whether applicable accounting standards and statements recommended practice have been followed, subject to any material departures disclosed and explained in the statements of accounts.
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees
to ensure that any statement of account prepared by them complies with the regulations under section 42(1) of the Charities Act 1993. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustee on 26/08/2022
Osman Yusuf Ahmed Signature: ……………………………………………….. Saido Ahmed Signature: ………………………………………………..
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
For the year ended 30/11/2021
Respective responsibilities of Trustees and Examiner:
The trustees of the charity are responsible for the preparation of accounts; they consider the audit requirement under section 43(2) of the Charities Act 1993 does not apply. We have been appointed under section 43 of the Charities Act 1993 and report in accordance with regulations made under section 44 of that Act. It is our responsibility to examine the accounts, without performing an audit, and to report to the trustees.
Basis of Examiner's Statement:
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the Charity Commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the trustees and a comparison of the account and making such enquiries as are necessary for the purposes of this report. The procedures undertaken do not constitute an audit.
Examiner's Statement:
Bases on our examinations, no matter has come to our attention which gives us reasonable cause to believe that in any material respect accounting records have not kept in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn to enable a proper understanding of the accounts.
Independent Examiner:
Mr Ahmed Ali FMAAT Mintel Accountants Ltd Suite 35 -36 The Design Works Park Parade London NW10 4HT
STATEMENT FO FINANCIAL ACITIVITES
For the year ended 30/11/2021
| INCOMING RESOURCES | 2021 |
|---|---|
| Unrestricted Funds | 67825 |
| Restricted Funds | 0 |
| RESOURCES EXPENDED | |
| Repair & Maintenance | |
| Salary | 21205 |
| Water & Rates | 1152 |
| Business Rates | 0 |
| Bank Charges | 0 |
| Professional Fees | 0 |
| Insurance | 2063 |
| Hall Rent | 0 |
| Repair & Maintenance | 0 |
| Construction & Renovation | 0 |
| Depreciation | 8778 |
| Other Direct | 32000 |
| TOTAL EXPENSES | 65198 |
| NET INCOME / DEFICIT FOR THE YEAR | 2627 |
| Funds as at last year 30/11/2020 | |
| Funds as at last year 30/11/2021 | 516167 |
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
BALANCE SHEET AS AT 30/11/2021
| 2021 | 2020 | |
|---|---|---|
| FIXED ASSETS | ||
| Tangible Assets | 286039 | 292484 |
| Leasehold Building Development | 185000 | 185000 |
| 471039 | 477484 | |
| CURRENT ASSETS | ||
| Cash at Bank | 73899 | 64827 |
| CREDITORS | ||
| Amount Falling Due within One Year | 28771 | 28771 |
| 45128 | 36056 | |
| Net Assets | 516167 | 513540 |
| Funds | ||
| Opening Funds | 513540 | |
| Net Movement in Funds | 2627 | |
| Total Fund | 516167 |
Approved by the Board of Trustees on 26 August 2022 and signed on its behalf by: Osman Yusuf Ahmed Signature: ……………………………………………….. Saido Ahmed Signature: ………………………………………………..
AT-TAQWA ISLAMIC & FAMILY CENTRE LTD
Notes to the Financial Statements for year ended 30/11/2021
1. Accounting Policies
1.1. Basis of preparation of accounts:
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities
1.2. Donations receivable:
Donations for immediate expenditure are accounted for when they become receivable.
1.3 Tangible Fixed Assets and Depreciation:
Fixed assets for the charity use are capitalised at cost. They are stated in the accounts at cost less depreciation.
Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following bases:
Freehold Building: Over 20 years
Leashold Land and Building: Over the lease term
Fixtures, Fittings, Tools and Equipment: Over 10 years
2. Tangible Fixed Assets:
Tangible Fixed Assets:
| Fixtures & | |||||
|---|---|---|---|---|---|
| Land | Building | Heating | Fitting | Total | |
| Cost as at 01/12/2020 | 185000 | 284170 | 44042 | 16055 | 529267 |
| Additions | 2334 | ||||
| As at 30/11/2021 | 185000 | 284170 | 44042 | 18389 | 531601 |
| Depreciation as at | |||||
| 01/12/2020 | 0 | 28215 | 17651 | 5918 | 51784 |
| Depreciation charge for the | |||||
| year | 0 | 4736 | 2202 | 1839 | 8777 |
| Net Book Value As at | |||||
| 30/11/2021 | 185000 | 251219 | 24189 | 10632 | 471040 |
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Amount falling due within one year is £28,771 Qard Al – Hasan
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Reserves
| Reserves | |
|---|---|
| As at 30 November 2020 | 513540 |
| Added: | 2627 |
| As at 30 November 2021 | 516167 |