REGISTERED CHARITY NUMBER: 1124027
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
THAMES VIEW MUSLIM ASSOCIATION
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
THAMES VIEW MUSLIM ASSOCIATION
Contents of the Financial Statements
for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
THAMES VIEW MUSLIM ASSOCIATION
Report of the Trustees
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees confirm that they abide by the Charity Commissions guidance on public benefit in complying with Section 17 of the Charities Act 2011 to have due regard to public benefit in meeting its objectives and activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued to collect donations from the members of public as well as memberships' fees. There are continuous commitments from the users and members to support charity's activities.
The charity provides social welfare, worship and educational support to the community and promotes social awareness among general public.
FINANCIAL REVIEW
The financial statements are set out on pages 4 to 10 have been prepared implementing Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and the Charities Act 2011.
The Statement of Financial Activities show net surplus for the year of a revenue nature of £8,181. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £362,431.
The financial position of the Charity is firm and secure with net fund of £362,431.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity' objects and regulations are regulated by the constitution adopted on 12 April 2008 and the charity is registered as a charity on 13 May 2008.
The objects of the charity are:
1) To advance the Islamic faith in accordance with the Quran and Sunnah for the benefit of the public in Barking and Dagenham in particular but not exclusively through holding prayer meetings, lectures, and producing/distributing literature on Islam.
2) The advancement of religious and general education for the benefit of the public in Barking and Dagenham, including but not restricted in promoting interfaith dialogue and the prevention of alcohol and drugs abuse and misuse.
3) To relieve poverty anywhere in the world amongst those affected by natural disasters by providing grants of money to charities with that object.
To meet these objectives the charity provides building/facilities/opens paces to the community and also provides advocacy/advice and information. In order to fund these activities the charity seeks donations and subscriptions from the public, institutions and its members.
Page 1
THAMES VIEW MUSLIM ASSOCIATION
Report of the Trustees
for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Management and administration
The charity is organised with a committee elected by the members to oversee the overall activities. The charity has appointed trustees. The trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. The names of trustees are declared when a charity is first registered. The trustees are responsible for keeping the list up to date and may do this by updating their details online as it happens, using their Annual Return, or for charities with income below £10,000, by using their Annual Update.
One member is nominated as a chairperson to monitor the day to day operation of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1124027
Principal address
15B Farr Avenue Barking Essex IG11 0NY
Trustees
Mr Mizanur Rahman Mr Chad Miah Mr Ali Subhan Chairman Mr Mohammed Luthfur Rahman Mr Ahad Miah Treasurer Mr Sabbir Hassan Zamee Secretary Mr AKM Delwar Hussain Mr Amirul Islam Chowdhury Mr Mohamed Irfarn Illyas Mr Hafizur Rahman Mr Saifur Rahman
Independent Examiner
Anwar F Chowdhury FCCA Chartered Certified Accountant ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
Approved by order of the board of trustees on 31 January 2022 and signed on its behalf by:
Mr Ahad Miah - Trustee
Page 2
Independent Examiner's Report to the Trustees of
THAMES VIEW MUSLIM ASSOCIATION
Independent examiner's report to the trustees of THAMES VIEW MUSLIM ASSOCIATION
I report to the charity trustees on my examination of the accounts of THAMES VIEW MUSLIM ASSOCIATION (the Trust) for the year ended 31 March 2021.
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 Act and in carrying out my examination I have followed all 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.
Anwar F Chowdhury FCCA Chartered Certified Accountant ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
31 January 2022
Page 3
THAMES VIEW MUSLIM ASSOCIATION
Statement of Financial Activities for the Year Ended 31 March 2021
31.3.21UnrestrictedfundNotes £ INCOME AND ENDOWMENTS FROM Donations and legacies 53,153 Investment income 2 73 Other income 38,739 Total 91,965 EXPENDITURE ON Charitable activities Staff and teachers salary 31,671 Eid/Event expenses - Books and Study Materials 343 Other 51,770 Total 83,784 NET INCOME/(EXPENDITURE) 8,181 RECONCILIATION OF FUNDS Total funds brought forward 354,250 TOTAL FUNDS CARRIED FORWARD 362,431 |
31.3.20Totalfunds£ 78,885 140 107 79,132 21,521 575 729 73,130 95,955 (16,823) 371,073 354,250 |
|---|---|
The notes form part of these financial statements
Page 4
THAMES VIEW MUSLIM ASSOCIATION
Balance Sheet 31 March 2021
31.3.21UnrestrictedfundNotes £ FIXED ASSETS Tangible assets 6 43,990 CURRENT ASSETS Debtors 7 2,250 Cash at bank and in hand 316,671 318,921 CREDITORS Amounts falling due within one year 8 (480) NET CURRENT ASSETS 318,441 TOTAL ASSETS LESS CURRENT LIABILITIES 362,431 NET ASSETS 362,431 FUNDS 9 Unrestricted funds 362,431 TOTAL FUNDS 362,431 |
31.3.20Totalfunds£ 45,690 2,250 306,790 309,040 (480) 308,560 354,250 354,250 354,250 354,250 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:
Mr Ahad Miah - Trustee
The notes form part of these financial statements
Page 5
THAMES VIEW MUSLIM ASSOCIATION
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Short leasehold | - Equally over the period of lease |
|---|---|
| Fixtures and fittings | - 20% on cost |
| Computer equipment | - 25% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 73 | 140 |
continued...
Page 6
THAMES VIEW MUSLIM ASSOCIATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Admin No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Charitable activities Staff and teachers salary Eid/Event expenses Books and Study Materials Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.21 31.3.20 4 2 Unrestrictedfund£ 78,885 140 107 79,132 21,521 575 729 73,130 95,955 (16,823) 371,073 354,250 |
|---|---|
continued...
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THAMES VIEW MUSLIM ASSOCIATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
Fixtures |
|||||||
Short |
and |
Computer |
|||||
leasehold |
fittings |
equipment |
Totals |
||||
| £ | £ | £ | £ | ||||
| COST | |||||||
| At 1 April 2020 | 48,085 | 4,377 | 429 | 52,891 | |||
| Additions | - | 1,332 | - | 1,332 | |||
| At 31 March 2021 | 48,085 | 5,709 | 429 | 54,223 | |||
| DEPRECIATION | |||||||
| At 1 April 2020 | 5,769 | 1,003 | 429 | 7,201 | |||
| Charge for year | 1,923 | 1,109 | - | 3,032 | |||
| At 31 March 2021 | 7,692 | 2,112 | 429 | 10,233 | |||
| NET BOOK VALUE | |||||||
| At 31 March 2021 | 40,393 | 3,597 | - | 43,990 | |||
| At 31 March 2020 | 42,316 | 3,374 | - | 45,690 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.3.21 | 31.3.20 | ||||||
| £ | £ | ||||||
| Other debtors | 2,250 | 2,250 | |||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.3.21 | 31.3.20 | ||||||
| £ | £ | ||||||
| Other creditors | 480 | 480 | |||||
| 9. | MOVEMENT IN FUNDS | ||||||
Net |
|||||||
movement |
At |
||||||
At |
1.4.20 |
in funds |
31.3.21 |
||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 354,250 | 8,181 | 362,431 | ||||
| TOTAL FUNDS | 354,250 | 8,181 | 362,431 | ||||
| Net movement in funds, included in | the above are as follows: | ||||||
Incoming |
Resources |
Movement |
|||||
resources |
expended |
in funds |
|||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 91,965 | (83,784) | 8,181 | ||||
| TOTAL FUNDS | 91,965 | (83,784) | 8,181 |
continued...
Page 8
THAMES VIEW MUSLIM ASSOCIATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.4.19£ Unrestricted funds General fund 371,073 TOTAL FUNDS 371,073 |
Netmovementin funds£ (16,823) (16,823) |
At31.3.20£ 354,250 |
|---|---|---|
| 354,250 |
Comparative net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
|
|---|---|---|---|
resources |
expended |
in funds |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 79,132 | (95,955) | (16,823) |
| TOTAL FUNDS | 79,132 | (95,955) | (16,823) |
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.19£ Unrestricted funds General fund 371,073 TOTAL FUNDS 371,073 |
Netmovementin funds£ (8,642) (8,642) |
At31.3.21£ 362,431 |
|---|---|---|
| 362,431 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
|
|---|---|---|---|
resources |
expended |
in funds |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 171,097 | (179,739) | (8,642) |
| TOTAL FUNDS | 171,097 | (179,739) | (8,642) |
continued...
Page 9
THAMES VIEW MUSLIM ASSOCIATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
THAMES VIEW MUSLIM ASSOCIATION
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Detailed Statement of Financial Activitiesfor the Year Ended 31 March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
£ |
£ |
|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Public donations | 13,796 | 39,625 |
| Members subscription: monthly and one off | ||
| donations | 7,851 | 8,986 |
| Education centre | 31,506 | 30,274 |
| 53,153 | 78,885 | |
| Investment income | ||
| Deposit account interest | 73 | 140 |
| Other income | ||
| Other Income | 38,739 | 107 |
| Total incoming resources | 91,965 | 79,132 |
| EXPENDITURE | ||
| Charitable activities | ||
| Event expenses | - | 575 |
| Books and study materials | 343 | 729 |
| 343 | 1,304 | |
| Support costs | ||
| Management | ||
| Hall hire | 22,119 | 20,948 |
| Rates and water | 467 | 2,468 |
| Insurance | 765 | 1,133 |
| Light and heat | 834 | 600 |
| Postage and stationery | 650 | 1,172 |
| Sundries | - | 455 |
| 24,835 | 26,776 | |
| Information technology | ||
| Repairs and renewals | 22,823 | 34,508 |
| Human resources | ||
| Teachers salaries and sub contractors | 31,671 | 21,521 |
| Other | ||
| Short leasehold | 1,923 | 1,923 |
| Fixtures and fittings | 1,109 | 843 |
| 3,032 | 2,766 | |
| Governance costs | ||
| Accountancy | 1,080 | 480 |
| Carried forward | 1,080 | 480 |
This page does not form part of the statutory financial statements
Page 11
THAMES VIEW MUSLIM ASSOCIATION
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Detailed Statement of Financial Activitiesfor the Year Ended 31 March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
£ |
£ |
|
| Governance costs | ||
| Brought forward | 1,080 | 480 |
| Legal and professional fees | - | 8,600 |
| 1,080 | 9,080 | |
| Total resources expended | 83,784 | 95,955 |
| Net income/(expenditure) | 8,181 | (16,823) |
This page does not form part of the statutory financial statements
Page 12