Charity number: 1121879
Faizan -E- Mustafa
Trustees' report and financial statements
for the year ended 31 March 2023
Faizan -E- Mustafa
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 12 |
Faizan -E- Mustafa
Legal and administrative information
| Charity number | 1121879 |
|---|---|
| Registered office | 42 Bertha Road |
| Sparkhill | |
| Birmingham | |
| B11 2NN | |
| Trustees | Muhammad Faizan Amin |
| Malik Mohammed Fayyaz | |
| Basharat Mohammed | |
| Secretary | Malik Mohammed Fayyaz |
| Chief executive | Muhammad Faizan Amin |
| Accountants | Akber & Co Accountants |
| 451 Moseley Road | |
| Birmingham | |
| B12 9BX | |
| Bankers | National Westminster Bank Plc |
| 1 The Cross | |
| Worcester | |
| WR1 3PR | |
| HSBC Bank Plc | |
| 96 High Street | |
| Kings Heath | |
| Birmingham | |
| B14 7LD |
Page 1
Faizan -E- Mustafa
Report of the trustees for the year ended 31 March 2023
The trustees present their report and the financial statements for the year ended 31 March 2023. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The charity was formed in early 2007 and is governed by constitution adopted at the same time.
There are three trustees one of whom resigns at the AGM every year and stands for re-election.
Objectives and activities
The principal objective of the charity is to provide facilities for religious worship and to teach Holy Quran to children of all ages. There are about sixty children between the ages of six and fifteen.
The charity also teaches the Urdu language and Islamic studies to children who were born in the country and also some adults.
The charity also operates an advisory centre in legal matters like Immigration, Housing and also helps to fill forms to people who need help.
Achievements and performance
The trustees consider the charity's achievements during the year to be satisfactory.
Financial review
The charity received donations of £51,787 (2022 £52,933) , fees of £7,050 (2022 £7,125) and investment income of £28,800 (2022 £28,800), )the charity also received other income of £2,400 (2022 £4279) and expended £66,795 (2022 £66,367) in various overheads, resulting in a net surplus of £23,242 (2022 £26,770) which is carried forward.
Full details of income and expenditure are given on page 5 of the accounts.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 2
Faizan -E- Mustafa
Report of the trustees for the year ended 31 March 2023
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports ) Regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Malik Mohammed Fayyaz Secretary
Page 3
Faizan -E- Mustafa
Independent examiner's report to the trustees on the unaudited financial statements of Faizan -E- Mustafa.
I report on the accounts of Faizan -E- Mustafa for the year ended 31 March 2023 set out on pages 2 to 12.
Respective responsibilities of trustees and independent 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) and that an independent examination is needed. Having satisfied ourself that the charity is not subject to an audit under company law and is eligible for independent examination,it is our responsibility to : examine the accounts (under section 145 of the 2011 Act) ; to follow the procedures laid down in the General Dirctions given by the Charity Commission (under section 145 (5) (b) of the 2011 Act ); and to state wether particular matters have come to our attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the 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:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 130 of the Act 2011; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent examiner Akber & Co Accountants 451 Moseley Road Birmingham B12 9BX
09 November 2023
Page 4
Faizan -E- Mustafa
Statement of financial activities
For the year ended 31 March 2023
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 51,787 Investment income 3 28,800 Incoming resources from charitable activities 4 7,050 Other incoming resources 5 2,400 Total incoming resources 90,037 Resources expended Costs of generating funds: Cost of generating voluntary income 6 66,794 Total resources expended 66,794 Net income for the year 23,243 Total funds brought forward 534,308 Total funds carried forward 557,550 |
2023 Total £ 51,787 28,800 7,050 2,400 90,037 66,794 66,794 23,243 534,308 557,550 |
2022 Total £ 52,933 28,800 7,125 4,279 |
|---|---|---|
| 93,137 | ||
| 66,367 | ||
| 66,367 | ||
| 26,770 507,538 |
||
| 534,308 |
The notes on pages 7 to 12 form an integral part of these financial statements.
Page 5
Faizan -E- Mustafa
Balance sheet as at 31 March 2023
| Notes Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Net assets Funds 13 Unrestricted income funds Total funds |
2023 £ £ 486,285 1,367 71,548 72,915 ) (1,650 71,265 557,550 557,550 557,550 |
2022 £ £ 509,866 - 27,162 27,162 ) (2,720 24,442 534,308 534,308 534,308 |
2022 £ £ 509,866 - 27,162 27,162 ) (2,720 24,442 534,308 534,308 534,308 |
|---|---|---|---|
| 534,308 | |||
| 534,308 | |||
| 534,308 |
The financial statements were approved by the trustees on and signed on its behalf by
Muhammad Faizan Amin Trustee
The notes on pages 7 to 12 form an integral part of these financial statements.
Page 6
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' SORP and the Charities Act 2011.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Land and buildings 2% over 50 years - Fixtures, fittings and equipment 25% reducing balance
1.5. Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
Page 7
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
| 2. Voluntary income Unrestricted funds £ Donations 45,737 Gift aid tax relief received 6,050 51,787 3. Investment income Unrestricted funds £ Income from UK investment properties 28,800 28,800 4. Incoming resources from charitable activities Unrestricted funds £ Fees Received 7,050 7,050 5. Other incoming resources Unrestricted funds £ Other income 2,400 2,400 |
2023 Total £ 45,737 6,050 51,787 2023 Total £ 28,800 28,800 2023 Total £ 7,050 7,050 2023 Total £ 2,400 2,400 |
2022 Total £ 52,933 - |
|---|---|---|
| 52,933 | ||
| 2022 Total £ 28,800 |
||
| 28,800 | ||
| 2022 Total £ 7,125 |
||
| 7,125 | ||
| 2022 Total £ 4,279 |
||
| 4,279 |
Page 8
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
| 6. Cost of generating voluntary income Unrestricted funds £ Wages and salaries 31,183 Staff - Employer's NIC 670 Staff - Pension costs 209 Council tax and water 599 Light & heat 6,371 Repairs & maintenance 2,990 Insurance - Accountancy fees 600 General expenses 591 Depreciation & impairment 23,581 Charitable donations - 66,794 7. Governance costs Office expenses - Other |
2023 Total £ 31,183 670 209 599 6,371 2,990 - 600 591 23,581 - 66,794 2023 Total £ 1 1 |
2022 Total £ 26,444 - 182 524 1,775 1,850 1,453 600 958 23,581 9,000 |
|---|---|---|
| 66,367 | ||
| 2022 Total £ - |
||
| - |
Page 9
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
8. Employees
| Employment costs Wages and salaries Social security costs Pension costs |
2023 £ 31,183 670 209 32,062 |
2022 £ 26,444 - 182 |
|---|---|---|
| 26,626 |
No employee received emoluments of more than £60,000 (2022 : None).
Number of employees
The average monthly numbers of employees during the year, was as follows:
| 2023 | 2022 |
|---|---|
| Number | Number |
| 4 | 4 |
9. Pension costs
The pension costs charged in the financial statements represent the contribution payable by the charity during the period
| period | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Pension charge | 209 | 182 |
Page 10
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
| Land and Fixtures, 10. Tangible fixed assets buildings fittings and freehold equipment £ £ Cost At 1 April 2022 558,704 49,629 At 31 March 2023 558,704 49,629 Depreciation At 1 April 2022 71,458 27,009 Charge for the year 11,174 12,407 At 31 March 2023 82,632 39,416 Net book values At 31 March 2023 476,072 10,213 At 31 March 2022 487,246 22,620 11. Debtors 2023 £ Other debtors 1,367 12. Creditors: amounts falling due within one year 2023 £ Interest free loans 1,050 Other taxes and social security - Accruals and deferred income 600 1,650 |
Total £ 608,333 608,333 |
|---|---|
| 98,467 23,581 |
|
| 122,048 | |
| 486,285 | |
| 509,866 | |
| 2022 £ - |
|
| 2022 £ 2,050 70 600 |
|
| 2,720 |
The interest free loans received are repayable on demand.
Page 11
Faizan -E- Mustafa
Notes to financial statements for the year ended 31 March 2023
13. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Fund balances at 31 March 2023 as represented by: Tangible fixed assets Current assets Current liabilities |
Total funds £ 486,285 72,915 (1,650) |
| 557,550 |
| 14. | Unrestricted funds | At | At | ||
|---|---|---|---|---|---|
| 1 April | Incoming | Outgoing | 31 March | ||
| 2022 | resources | resources | 2023 | ||
| £ | £ | £ | £ | ||
| Unrestricted Fund | 534,308 | 90,037 | (66,795) | 557,550 | |
| 534,308 | 90,037 | (66,795) | 557,550 |
Purposes of unrestricted funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without specified purposes and are available as general funds without any restrictions.
Page 12
Faizan -E- Mustafa
The following pages do not form part of the statutory accounts.
Faizan -E- Mustafa
Detailed statement of financial activities
For the year ended 31 March 2023
| Incoming resources Incoming resources from generating funds: Voluntary income Donations Gift aid tax relief received Investment income Income from UK investment properties Total incoming resources from generating funds Incoming resources from charitable activities Fees Received Other incoming resources Other income Total incoming resources Resources expended Costs of generating funds: Cost of generating voluntary income Wages and salaries Staff - Employer's NIC Staff - Pension costs Council tax and water Light & heat Repairs & maintenance Insurance Accountancy fees General expenses Depreciation & impairment Charitable donations Total cost of generating voluntary income |
2023 £ £ 45,737 6,050 51,787 28,800 28,800 80,587 7,050 7,050 2,400 2,400 90,037 31,183 670 209 599 6,371 2,990 - 600 591 23,581 - 66,794 66,794 |
2022 £ £ 52,933 - 52,933 28,800 28,800 81,733 7,125 7,125 4,279 4,279 93,137 26,444 - 182 524 1,775 1,850 1,453 600 958 23,581 9,000 66,367 66,367 |
2022 £ £ 52,933 - 52,933 28,800 28,800 81,733 7,125 7,125 4,279 4,279 93,137 26,444 - 182 524 1,775 1,850 1,453 600 958 23,581 9,000 66,367 66,367 |
|---|---|---|---|
| 52,933 | |||
| 28,800 | |||
| 28,800 | |||
| 81,733 | |||
| 7,125 | |||
| 7,125 | |||
| 4,279 | |||
| 4,279 | |||
| 93,137 | |||
| 66,367 | |||
| 66,367 |
Page 14
Faizan -E- Mustafa
Detailed statement of financial activities
For the year ended 31 March 2023
| Fundraising trading: | ||
|---|---|---|
| cost of goods sold and other costs | ||
| Total costs of generating funds | 66,794 | 66,367 |
Page 15
Faizan -E- Mustafa
Detailed statement of financial activities
For the year ended 31 March 2023
| Charitable activities Governance costs Activities undertaken directly Office expenses - Other Total governance costs Net incoming/(outgoing) resources for the year |
2023 £ 1 1 1 23,242 |
2022 £ - - - 26,770 |
2022 £ - - - 26,770 |
|---|---|---|---|
| - | |||
| 26,770 |
Page 16