Company registration number: 6489199 Charity registration number: 1123222
HMCT
(A company limited by guarantee)
Annual Report and Financial Statements
For the year ended 31[st] January 2021
Tariq Khan & Co Chartered Certified Accountants 60 Birch Hall Lane Manchester M13 0XL
HMCT
Contents
Reference and Administrative Details 1 Trustees’ Report 2 to3 Independent examiner's report 4 Statement of financial activities 5 Balance Sheet 6 Notes to the financial statements 7 to11 The following page does not form part of the statutory financial statements: Statement of financial activities per fund 12
HMCT
Reference and Administrative Details
| Charity name | HMCT |
|---|---|
| Charity registration number | 1123222 |
| Company registration number | 6489199 |
| Principal office | Mersey House |
| Battersea Road | |
| Heaton Mersey | |
| Stockport | |
| SK4 3EA | |
| Registered office | Mersey House |
| Battersea Road | |
| Heaton Mersey | |
| Stockport | |
| SK4 3EA | |
| Trustees | Mr. Ramzan Mohammed |
| Mr. Mohammed Riaz | |
| Mr. Gulnazir Khan | |
| Mr. Muhammad Tayyab Mohiuddin | |
| Mr. Muhammad Sadiq | |
| Secretary | Mr. Shahzad Sadiq |
| Bankers | HSBC Bank plc. |
| 760 Wimslow Road | |
| Didsbury | |
| Manchester | |
| M20 2DP | |
| Accountants | Tariq Khan & Co |
| Chartered Certified Accountants | |
| 60 Birch Hall Lane | |
| Manchester |
Page 1
HMCT
Trustees’ Report
The trustees present their report and the financial statements for the year ended 31 January 2021. The trustees who are also directors for the purpose of company law who served during the year and up to the date of this report are set out on page 1.
Structure, governance, and management
Objectives and activities
Primary objectives and activities of the charity are to provide religious education, training, and related community services for the local community living within Stockport and outskirts and there has been no change during the year.
Achievements and performance
Charity is meeting all its objectives as set above.
Financial review
Financial position of the company is fairly strong as ever. All objectives are being met and according to the set budgets. Donations to other UK based charities were made during year.
Statement as to disclosure of information to reporting accountants
In so far as the trustees are aware:
-there is no relevant accounts information of which the charity’s accountants are unaware: and
-the trustees have taken all steps that they ought to have taken to make them aware of any relevant accounts information and to establish that the accountants are aware of that information.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and UK Generally Accepted Accountancy Practices.
Company law requires 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 or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently;
Page 2
HMCT
Trustees’ Report (Continued)
-make judgements and estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Small company provisions
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
Approved by the Board 11[th] August 2021 and signed on its behalf by:
.........................................
Mr.Shahzad Sadiq Secretary
Page 3
Independent Examiner's Report to the Trustees of
HMCT
I report on the accounts of the company for the year ended 31 January 2021, which are set out on pages 5 to 11.
Respective responsibilities of trustees and 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 43(2) of the Charities Act1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-examine the accounts under section 43 of the1993 Act;
-follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7) (b) of the 1993 Act; and
-state whether particular matters have come to my attention.
Basis of independent examiner's report
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;
(1) which gives me reasonable cause to believe that in any material respect the requirements,
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice, Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tariq Khan 60 Birch Hall Lane Tariq Khan & Co Manchester Chartered Certified Accountants M13 0XL 11[th] August 2021 Page 4
HMCT
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 January 2021
| Unrestricted | |||
|---|---|---|---|
| Funds | Total Funds | Total Funds | |
| 2021 |
2020 | ||
| Note £ | £ | £ | |
| Incoming resources | |||
| Incoming resources from generated | funds | ||
| Voluntary income | 2 29,032 | 29,032 | 145,313 |
| Subscriptions | 520 | 520 | 790 |
| Gift Aid & Grants | 37,398 |
7,398 |
10,053 |
| Total incoming resources | 36,950 |
36,950 |
156,156 |
| Resources expended | |||
| Costs of generating funds | |||
| Costs of generating voluntary income 436,569 |
36,569 |
136,613 | |
| Total resources expended | 36,569 |
36,569 |
136,613 |
| Net movements in funds | 381 | 381 | 19,543 |
| Total funds brought forward | 593,649 |
593,649 |
574,106 |
| Total funds carried forward | 594,030 |
594,030 |
593,649 |
The notes on pages 7 to11 form an integral part of these financial statements.
Page 5
HMCT (Registration number: 6489199)
Balance Sheet as at 31 January 2021
| Note Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Prepayments 10 Creditors: Amounts falling due within one year11 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year12 Net assets The funds of the charity: Unrestricted funds Other reserves Unrestricted income funds Total unrestricted funds Total charity funds |
2021 2020 £ £ £ £ 520,568 522,137 77,730 78,709 - - 77,730 78,709 4,268 7,197 73,462 71,512 593,649 593,649 - - 594,030 593,649 593,649 574,106 381 19,543 594,030 593,649 594,030 593,649 |
|---|---|
For the financial year ended 31 January 2021, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their 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 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board on 11[h] August 2021 and signed on its behalf by:
Mr Shahzad Sadiq Mr Ramzan Mohammed Secretary Director The notes on pages 7 to11 form an integral part of these financial statements.
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HMCT
Notes to the Financial Statements for the year ended 31[st] January 2021
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice' Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Companies Act 2006.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 15.
Incoming resources
Voluntary income including donations and grants that provide core funding are of a general nature and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on accruals basis and has been classified under headings that aggregate all costs related to that category.
Costs of generating funds are the costs associated with attracting voluntary income.
During the year, HMCT mainly continued supporting a local charity to provide help to disadvantaged sector of community anywhere in the World.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, and per capita staff costs by the time spent and other costs by their usage.
Fixed assets
Individual fixed assets are initially recorded at historic cost and periodic valuation is seldom taken.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 20% on straight line basis
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HMCT
Notes to the Financial Statements for the year ended 31[st] January 2021 .........continued
2. Voluntary income
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | |||
| 2021 | 2020 | ||
| £ | £ | £ | |
| Donations and legacies | |||
| Appeals and donations | 29,032 | 29,032 | 144,593 |
| Other Income |
- | - | 720 |
| Subscriptions | 520 |
520 |
790 |
| 29,552 |
29,552 |
146,103 | |
| 3. Grants receivable & Gift Aid | |||
| Unrestricted Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Gift Aid & Grants | 7,398 |
7,398 |
10,053 |
| 4. Total resources expended | |||
| Donations | |||
| and legacies | Total | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Direct costs | |||
| Establishment costs | 10,834 | 16,456 | |
| Employment costs | 13,038 | 24,599 | |
| Repairs and maintenance | 475 | 1,130 | |
| Printing, posting and stationery | 26 | 62 | |
| Subscriptions and donations | 4,690 | 88,259 | |
| Advertising and promotion | - | 1,324 | |
| Accountancy & professional charges | 6,067 | 2,409 | |
| Depreciation & profit/loss on tangible fixed assets | 1,439 |
2,374 | |
| 36,569 |
136,613 |
5. Trustees' remuneration and expenses
No trustees received any remuneration during the year.
Page 8
HMCT
Notes to the Financial Statements for the year ended 31[st] January 2021
.........continued
6. Net income
Net income is stated after charging:
Depreciation of tangible fixed assets Profit/Loss on disposal of fixed assets |
2021 2020 £ £ 1,459 1,467 -20 907 1,439 2,374 |
|---|---|
7. Employees' remuneration
The aggregate payroll costs of these persons were as follows:
Wages and salaries |
2021 £ 13,038 |
2020 £ 24,599 |
|---|---|---|
No employee received emoluments of more than 60,000 during the year (2020-same)
8. Taxation
The company is a registered charity and is, therefore, exempt from UK company taxation.
Page 9
HMCT
Notes to the Financial Statements for the year ended 31[st] January 2021
.........continued
9. Tangible fixed assets
| Freehold | |||
|---|---|---|---|
| interest in land | Fixtures, | ||
| and buildings | fittings and | ||
| (including |
equipment | ||
| heritage assets) | Total | ||
| Cost | £ | £ | £ |
| As at1 February 2020 | 514,376 | 11,101 |
525,477 |
| Disposals during the year | - | (110) |
(110) |
| 514,376 |
10,991 |
525,367 | |
| Depreciation | |||
| As at1 February 2020 | - | 3,340 | 3,340 |
| Disposal during the year | - | (0) | (0) |
| Charge for the year | - |
1,459 |
1,459 |
| As at 31 January 2021 | - |
4,799 |
4,799 |
| Net book value | |||
| As at 31 January 2021 | 514,376 |
6,192 |
520,568 |
| As at 31 January 2020 | 514,376 |
7,761 |
522,137 |
| 10. Prepayments | 2021 | 2020 | |
| £ | £ | ||
| Advances |
- | - |
|
| 11. Creditors: Amounts falling due | within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 2,768 | 5,697 | |
| Accruals and deferred income | |||
| Accountancy charges | 1,500 |
1,500 | |
| 4,268 |
7,197 |
13. Members' liability
The charity is a private company limited by guarantee and consequently does not have a share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
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HMCT
Notes to the Financial Statements for the year ended 31[st] January 2021
.........continued
14. Related parties
Controlling entity
The charity is controlled by the trustees who are also directors of the company.
15. Analysis of funds
General FundsUnrestricted income fund |
At 1st February Incoming Resources 2020 resources expended £ £ £ 593,649 36,950 (36,569) |
At 31st January 2021 £ 594,030 |
|---|---|---|
16. Net assets by fund
| Unrestricted | Total Funds | Total Funds |
|---|---|---|
| Funds | ||
| 2021 | 2020 | |
| £ | £ | £ |
| Tangible assets 520,568 | 520,568 | 522,137 |
| Current assets 77,730 | 77,730 | 78,709 |
| Creditors: Amounts falling due within one year(4,268) |
(4,268) |
(7,197) |
| 594,030 |
594,030 |
593,649 |
Page 11
HMCT
Statement of financial activities by fund for the year ended 31[st] January 2021
| Unrestricted | Unrestricted | |
|---|---|---|
| income fund | income fund | |
| 2021 | 2020 | |
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generated funds | ||
| Voluntary income | 29,032 | 145,313 |
| Subscriptions | 520 | 790 |
| Gift Aid & Grants | 7,398 |
10,053 |
| Total incoming resources | 36,950 |
156,156 |
| Resources expended | ||
| Costs of generating funds | ||
| Costs of generating voluntary income | 36,569 |
136,613 |
| Total resources expended | 36,569 |
136,613 |
| Net movements in funds | ,381 |
19,543 |
| Reconciliation of funds | ||
| Total funds brought forward | 593,649 |
574,106 |
| Total funds carried forward | 594,030 |
593,649 |
This page does not form part of the statutory financial statements.
Page 12