2024-03-31-accounts - Thames View Muslim Association

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REGISTERED CHARITY NUMBER: 1124027

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

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 2022

		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 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 £62,636. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £425,067.

The financial position of the Charity is firm and secure with net fund of £425,067.

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

for the Year Ended 31 March 2022

`Report of the Trustees`

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 30 January 2023 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 2022.

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

30 January 2023

Page 3

THAMES VIEW MUSLIM ASSOCIATION

`Statement of Financial Activities for the Year Ended 31 March 2022`

31.3.22 `Unrestricted` `fund` Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 132,283 Investment income 2 29 Other income 11,460 Total 143,772 EXPENDITURE ON Charitable activities Staff and teachers salary 48,631 Eid/Event expenses 538 Books and Study Materials 1,093 Charitable Activities 1,265 Other 29,609 Total 81,136 NET INCOME 62,636 RECONCILIATION OF FUNDS Total funds brought forward 362,431 TOTAL FUNDS CARRIED FORWARD 425,067	31.3.21 `Total` `funds` £ 53,153 73 38,739
	91,965 31,671 - 343 - 51,770
	83,784
	8,181 354,250
	362,431

The notes form part of these financial statements

Page 4

THAMES VIEW MUSLIM ASSOCIATION

`Balance Sheet`

`31 March 2022`

31.3.22 `Unrestricted` `fund` Notes £ FIXED ASSETS Tangible assets 6 43,990 CURRENT ASSETS Debtors 7 2,250 Cash at bank and in hand 379,427 381,677 CREDITORS Amounts falling due within one year 8 (600) NET CURRENT ASSETS 381,077 TOTAL ASSETS LESS CURRENT LIABILITIES 425,067 NET ASSETS 425,067 FUNDS 9 Unrestricted funds 425,067 TOTAL FUNDS 425,067	31.3.21 `Total` `funds` £ 43,990 2,250 316,671 318,921 (480) 318,441 362,431 362,431 362,431 362,431

The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2023 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 2022

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

INVESTMENT INCOME
	31.3.22	31.3.21
	£	£
Deposit account interest	29	73

continued...

Page 6

THAMES VIEW MUSLIM ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

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
Books and Study Materials
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD 31.3.22
31.3.21
6
4
Unrestricted
fund
£
53,153
73
38,739
91,965
31,671
343
51,770
83,784
8,181
354,250
362,431

continued...

Page 7

THAMES VIEW MUSLIM ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. TANGIBLE FIXED ASSETS

6.	TANGIBLE FIXED ASSETS
			`Fixtures`
		`Short`		`and`	`Computer`
		`leasehold`	`fittings`		`equipment`	`Totals`
		£		£	£	£
	COST
	At 1 April 2021 and 31 March 2022	48,085		5,709	429	54,223
	DEPRECIATION
	At 1 April 2021 and 31 March 2022	7,692		2,112	429	10,233
	NET BOOK VALUE
	At 31 March 2022	40,393		3,597	-	43,990
	At 31 March 2021	40,393		3,597	-	43,990
7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.22	31.3.21
					£	£
	Other debtors				2,250	2,250
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.22	31.3.21
					£	£
	Other creditors				600	480
9.	MOVEMENT IN FUNDS
					`Net`
					`movement`	`At`
			`At`	`1.4.21`	`in funds`	`31.3.22`
				£	£	£
	Unrestricted funds
	General fund		362,431		62,636	425,067
	TOTAL FUNDS		362,431		62,636	425,067
	Net movement in funds, included in the above are as follows:
			`Incoming`		`Resources`	`Movement`
			`resources`		`expended`	`in funds`
				£	£	£
	Unrestricted funds
	General fund		143,772		(81,136)	62,636
	TOTAL FUNDS		143,772		(81,136)	62,636

continued...

Page 8

THAMES VIEW MUSLIM ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

`At 1.4.20` £ Unrestricted funds General fund 354,250 TOTAL FUNDS 354,250	`Net` `movement` `in funds` £ 8,181 8,181	`At` `31.3.21` £ 362,431
		362,431

Comparative 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

A current year 12 months and prior year 12 months combined position is as follows:

`At 1.4.20` £ Unrestricted funds General fund 354,250 TOTAL FUNDS 354,250	`Net` `movement` `in funds` £ 70,817 70,817	`At` `31.3.22` £ 425,067
		425,067

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` £ £ £ 235,737 (164,920) 70,817 235,737 (164,920) 70,817	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` £ £ £ 235,737 (164,920) 70,817 235,737 (164,920) 70,817
		70,817

continued...

Page 9

THAMES VIEW MUSLIM ASSOCIATION

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 10

THAMES VIEW MUSLIM ASSOCIATION

`Detailed Statement of Financial Activities` `for the Year Ended 31 March 2022` 31.3.22 `£` INCOME AND ENDOWMENTS Donations and legacies Public donations 70,529 Members subscription: monthly and one off donations 14,897 Education centre 46,857 132,283 Investment income Deposit account interest 29 Other income Other Income 11,460 Total incoming resources 143,772 EXPENDITURE Charitable activities Event expenses 538 Books and study materials 1,093 Charitable expenses 1,265 2,896 Support costs Management Hall hire 20,362 Rates and water 381 Insurance 1,473 Light and heat 1,065 Postage and stationery 520 Legal and professional fees (1,500) Security and CCTV 3,174 25,475 Information technology Telephone 593 Repairs and renewals 2,821 3,414 Human resources Teachers salaries and sub contractors 48,631 Other Short leasehold - Carried forward -	31.3.21 `£` 13,796 7,851 31,506
	53,153 73 38,739
	91,965 - 343 -
	343 22,119 467 765 834 650 - -
	24,835 - 22,823
	22,823 31,671 1,923 1,923

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 2022

`Detailed Statement of Financial Activities` `for the Year Ended 31 March 2022`
31.3.22 `£` Other Brought forward - Fixtures and fittings - - Governance costs Accountancy 720 Total resources expended 81,136 Net income 62,636	31.3.21 `£` 1,923 1,109
	3,032 1,080
	83,784
	8,181

This page does not form part of the statutory financial statements

Page 12