2024-04-05-accounts - The Medina Partnership

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity Reference Number: 1120075

The Medina Partnership

Report and financial statements

For the year ended 5 April 2024

The Medina Partnership Charity Reference Number: 1120075 Contents

Reference and administrative details Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the accounts	Page
	1 2-3 4 5 6 7-9

The Medina Partnership Reference and administrative details for the year ended 5 April 2024

Charity Registration No:	1120075
Principal Office:	The Mount - Clitheroe Mosque
	93-97 Lowergate
	Clitheroe
	BB7 1AG
Trustees:	Mr Farouk Hussain
	Mr Sheraz Arshad
	Mrs Shabana Begum
	Mrs Farzana Hussain
Bankers:	Barclays Bank Plc
	8/14 Darwen Street
	Blackburn
	BB2 2BZ
Accountants:	H&A Consultancy Services Ltd
	Ground Floor Front
	185 Audley Range
	Blackburn
	Lancashire
	BB1 1TH

The Medina Partnership Charity Reference Number: 1120075

Trustee's Annual Report for the year ended 5 April 2024

The Trustees present their report and accounts for the year ended 5 April 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Trust Deed , the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Principal Activity and Objectives

The principal activity and objective of the charity in the year under review was to provide religious education to the local community and to make available facilities for the performance of the congregational prayers.

Structure, Governance and Management

Trustees are appointed or reappointed at the Annual General Meeting.

Achievements and performance

The Medina Partnership (TMP) continues to serve the community of the Ribble Valley, especially Clitheroe and the surrounding areas.

Facilities are provided for the daily 5 times prayers with congregation with opportunities for individual prayer as well. Residents, workers from out of town, visitors and people living in neighbourhood areas also benefit from the facilities provided, especially the weekly Friday prayers, the prayers during the month of Ramadhan and the 2 Eid prayers.

In addition to the above, marriage ceremonies, counselling, funeral services, interfaith programmes, school visits and social gatherings were also catered for by the TMP. Another major facility provided is the provision of education classes on weekday evenings. Approximately 20 children attended on a regular basis, who were taught and supervised by the Imam and his wife. From September 2021, we employed 1 full time Imam and his wife as a teacher.

We started on major renovation and refurbishment work in 2017/2018 to bring the first floor into use. The first floor is now completed. It has classrooms for education together with a large open prayer area for ladies and also conferences and meetings. A lift has also been installed.

A number of local families and also families from local towns such as Blackburn, Bolton and Preston have set up standing orders, which helps with the running of the Mosque.

Since the establishment of the TMP, there has a been a lot of engagement with the neighbourhood, local schools, churches etc . A number of interfaith programmes were organised at the Mosque with very good turnouts. Food parcels were distributed to the neighbourhood and beyond during the Covid pandemic.

Due to medical reasons, the Imam and his wife tendered in their resignations and left their posts. The vacancy was advertised widely and replacements are in place.

The management committee are now making plans to bring the second floor into full use and are also considering changing the windows and having a new roof installed or the current roof renovated. Discussion ae ongoing with the landlord.

The Medina Partnership Charity Reference Number: 1120075

Trustee's Annual Report for the year ended 5 April 2024

Financial Review

Risk management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Reserves policy

The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which will allow them to respond quickly to the needs of the Charity.

The main source of charity's income is donations received from its members and the availability of private loans at no fixed period of repayment. The charity also have credit balance at the bank which is available for use by the committee members for everyday expense like light & heat costs, also these fund are used for any emergency costs such as building repairs and maintenance.

Trustees' responsibilities

The Charities Act require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus of the charity for that period. In preparing those financial statements the trustees are required to:

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. 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 trustees on 28 January 2025 and signed on its behalf by:

Farouk Hussain Trustee

The Medina Partnership Charity Reference Number: 1120075 Independent Examiner's Statement, Report and Opinion on the Accounts

I report on the accounts of the charity for the year ended 5 April 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

I Mulla (AFA MIPA) for and behalf of H&A Consultancy Services Ltd Ground Floor Front 185 Audley Range Blackburn Lancashire BB1 1TH

28 January 2025

The Medina Partnership Charity Reference Number: 1120075 Statement of Financial Activities for the year ended 5 April 2024

Incoming resources from generated funds Donations Gift aid Resources expended Charitable activities 2 Governance costs 3 Total resources expended Net incoming/(outgoing) resources for the year Total funds brought forward at 6 April 2023 Total funds carried forward at 5 April 2024		2024 £ 44,428 - 44,428 70,129 420 70,549 (26,121) 118,610 92,489 Unrestricted Funds		Unrestricted
				2023 £ 64,824 9,050 73,874 59,967 360 60,327 13,547 105,063 118,610 Funds

There are no gains or losses other than those recognised in the Statement of Financial Activities.

All incoming resources and resources expended are derived from continuing activities.

The notes attached on pages 7 to 9 form part of these accounts

The Medina Partnership Charity Reference Number: 1120075 Balance Sheet for the year ended 5 April 2024

----- Start of picture text -----
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 62,240 58,240
Current assets
Debtors 5 - 2,279
Cash at bank and in hand 30,669 58,451
30,669 60,730
Current liabilities
Other liabilities and accruals 6 420 360
420 360
Net current assets 30,249 60,370
Net assets 92,489 118,610
Funded by
Unrestricted Funds 92,489 118,610
Total Funds 92,489 118,610
----- End of picture text -----

Approved by the trustees on 28 January 2025 and signed on its behalf by:

Farouk Hussain Trustee

The Medina Partnership Charity Reference Number: 1120075 Notes to the Accounts for the year ended 5 April 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention.

The Charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the coming resources and related expenditure are reported gross in the SoFA.

Grants and donations

Grants and donations are only included in the SoFA when the charity has been given notification of entitlement is received and the amount receivable can be measured with sufficient reliability.

Tax reclaims on donations and gifts

Incoming resources from tax reclaims are in included in the SoFA at the same time as the gift to which they relate.

Gift in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

The value of any voluntary help received is not included in the accounts.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Fixtures and fittings 20% reducing balance Plant and machinery 20% reducing balance Motor vehicles 20% reducing balance

The Medina Partnership Charity Reference Number: 1120075 Notes to the Accounts for the year ended 5 April 2024

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors

Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.

Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

2 Charitable activities Employee costs: Wages and salaries Pensions Premises costs: Insurances Rates Light and heat Rent Car, van and travel costs: Motor expenses General administrative expenses: Repairs and maintenance Telephone, stationery and printing Refreshments and sundries Depreciation Profit/loss on sale of fixed assets Legal and professional costs: Professional fees Total 3 Governance Accountants fees	2024 £ 43,651 47 43,698 1,708 876 12,190 - 14,774 206 206 1,590 1,471 944 5,066 1,408 10,479 972 972 70,129 2024 £ 420 420	2023 £ 25,330 587 25,917 2,642 822 12,201 6,800 22,465 58 58 682 719 776 6,685 - 8,862 2,665 2,665 59,967 2023 £ 360 360	2023
			£ 360 360

The Medina Partnership Charity Reference Number: 1120075 Notes to the Accounts for the year ended 5 April 2024

4 Tangible fixed assets

Improvements to Property Fixtures & Fittings £ £ Cost At 6 April 2023 31,500 20,229 Additions 10,474 - Disposals - - At 5 April 2024 41,974 20,229 Depreciation At 6 April 2023 - 12,894 Charge for the period - 1,467 At 5 April 2024 - 14,361 Net book value At 5 April 2024 41,974 5,868 At 5 April 2023 31,500 7,335 5 Debtors Other debtors 6 Creditors: amounts falling due within one year Other creditors	Equipment £ 35,665 - - 35,665 17,668 3,599 21,267 14,398 17,997 2024 £ - - 2024 £ 420 420	Motor Vehicles Total £ £ 2,200 89,594 - 10,474 (2,200) - - 100,068 792 31,354 (792) 4,274 - 35,628 - 62,240 1,408 58,240 2023 £ 2,279 2,279 2023 £ 360 360