Charity number 1124664 MASJID AL FURQAN Accounts 31 October 2020 Yousaf & Co. Chartered Accountants 76 Wolertoo Road stoke On Trent. ST6 38 Ph .' 01782 922367
MASJID AL FURQAN Report and accounts Contents PagÈ Trustees report Independent examinerfs port on the accounts Profit and loss account Balance sheet Notes lo the accounts
MASJID AL FURQAN Trustses Report The tnjsteès prw6ent their report and tr financial statements of the chawty for the year ended 31 October 2020 The fInanCal $18tements have been ppared in accordanTr th the accountiro p)IKies set out on page 8 and comply wth the charty's trust deed and applicable law. Con$titutional pollcSes and objectives The charity is conslituled under a Model Constrtulion dated 22 January 1999 and is registered charty number 1124664. The wincapal cbjects of the tharty are to prowde the following.. 11 To adVarn the Islamic fatth for the benefit of the public in Stoke On Trt & Staffordshire. 21 To Relve financial hardship for the benefit of Ihe publ amongst people living and working in Stoke On Trent & Staffoidshire by providirrfJ infomatK>n. advice and support. Trustees and princlpal offi¢er6 l. Ajimoor Khan 2. Abdullah Babukar Jallow 3. Imian Siddique 4. Ryaii Lee Barker 5. Mohammed MoLISLif Ahmed Recruitment an(1 Appolntrnent ol the Trusltè'slmanagement ¢ommittee The rnanagement of the charity is th8 te5ponsibility of the trustees arè ele¢te(I and co-opted under the terns of the Model Constitthion. OrganlsAtlon41 Structhre The Charty Is administered rnana8ed In accordance wtth tts constitution and bythe Trustees. Developmen( aclvltiès and achievements The Trustee5 ale 5ab"sfied the activities and pro9$$ made during the year. FinAncial review An incrèase in funding from various Soufees was secured duriTrJ the year in furtherancè ofthe charitys objectives. Funds available a SLrficiènl lo permit the charty to Contin its operation in the future. Reserve5 lIcY The charity currefftt hold £928,635 in reserves. whh is sufPKntto carry Out the 0e¢llS for the foreseeable future. Trustees, responslbllll•s Chafty18w requires the trustees lo Kwepare the finanual staternents for each finanaal year whith give a true and fair view of the state ol affairs of the charity and of its finanaal activities ft>r that pwiod. In preparing Ihose ffinanual stslernents the twstees are required to-. al select suitable accounting poliues and then appfy them nSIstenI". bl make judgements and estimates that are reaSCab1e and prudent. cl slate whether the policies adopted are in a¢(xrdan the Charls SORP, tt)e Regulath"ons made under the Charities ACL and wth al¢able attounting standards, subject lo any matenal departures discJose(l and explained in the finar$81 statements",
d) prepare the financial siatements on a going ¢CN)rn basts UtesS it tnaFvropriale to assume that the ¢harity will continue to oper81e. The Iruslee5 are resFonsible for keeping prOr a(xx)unting rery)rds whi0* disclose with reasonable accuraGy at any time the financAal posth.on of the charty arKI to enable them to ensure that the finanrjal statements (x>mply ¥wth Ihe Chartties Act 1993. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable steps for the preventKJn aThJ dettion of fraud or other irregularities_ This part was approved by the management rnMittee on 20 Augus12021. Signed on tehalf, by". A Khan
Masjid Al Furqan Independent Examiner's Report To the trustees of Masjid Al Furqan Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider thal an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed. The chariiv's gross income exceeded £25,000 and l am qualified to undertake the examination by being a qualified member of ICAEW. It is my responsibility to= examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, to state whether particular matters have come to my attention. Basis of independent examillers, report My examination was carried out in accordance with 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 the truslees concerning any such matters. The procedures undertaken do not provide all the evidence that 'OUld be required in an audit, and consequently no opinion is given as to wheiher the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiners. statement In connection with our examination, no matter has come lo our attention: (l) Which gives us reasonable cause to believe thaL in any material aspecL the requirements:
To keep accounting records in accordance with section 130 of the Charities Act. and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the CharitÉes Act have not been (2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Yousaf & Co Chartered Accountants (ICAF.W) 76 Waterloo Road Stoke On Trent Staffs ST6 3EX 20-Aug-21
MASJID AL FURQAN Statement of Financial Activities for the year ended 31 October 2020 Unrestricted Restricted Funds funds 2020 2020 All Funds 2020 All Funds 2019 Notes Income Resources 11 General Income ill Other In¢¢xne 196,631 10.000 196,631 10,000 230,909 Total Incoming Resources 2C6,631 206.631 230,909 Resources expended il Project & Events ill Donations paid iiil Management & Admin of charity 5170 64909 74.022 5170 64909 74,022 300 60,559 79,006 Total resource8 expended 144.101 144.101 139,865 Net Incomlng Resources 62,530 62.530 91,1)44 Net Movement In Funds Funds balance brought fOard 866,105 866,105 775,061 Transfer Funds balancg ¢arried forward 928,635 928,635 866,105 The notes on pages fomi part of these financial statements
MASJID AL FURQAN Balance Sheet as at 31 October 2020 Notos 2020 2019 Fixod assets Tangible assets 884.975 809,179 Current assets Debtors Cash al bank and in hand 1,300 43,742 45,042 64,659 64,659 Creditors: amounts falllng due within one year (1,382) (7.7331 Not curTent assots 43,660 56,926 Net assets 928.635 866,105 Charity Funds Unrestricted fvnds 928,635 866,105 928.635 866,105 The director is satisfied that the company is entitled to exemplion utKler Secon 249AI11 of the Companies Act 1985 and Ih2t m membei or rnembers have requested an audit tKJrsuanl to secknon 249BI21 of the Act. The director acknowledges his responsit4liti.es for.. en5uiing thal company k8eps proper acttsuntirvJ rw)rds which corTyly with SedK)n 221 OF the Companies 1985.. and (Jil weparing accounts which give a true and fair of the state ol affairs of Ihp cnrnpany as at the end of the financial year and of its profft or loss the financial year in t4)rdan wth the requirèments of Section 226 of the Companies Ad 1985. and which othemse (nplY wth the requirements of this Ad rdatiTrg to aixounts, so far as appli¢2ble to the company. Tho notes on pages fomi part of these financial statements
MASJID AL FURQAN Notes to the Accounts for the year ended 31 October 2020 1 Accounting policie8 The accounts have been prepared under the histoncal cost convention and in aordanCe with the Financial Reporb"ng Stsndard for Smaller Entities (effective June 20021 and the Statement of Remmended Pra1 on Accountit)g by Charities ISORPI. Income Income Is received from donat)ns, gtfts and grants and is recorded on a receipts basi8. Depreclatlon Depreciation has been provided at the following rates in order tr) wrrte off the assets over their estimated useful lives. Plant and machinery Library Books 15°A reducing balan 15% reducing balan Resources expendad Expenditure is recognised on an accrual basis as a Iiabilty is incurred. Expenditu inGludes any VAT which cannot be fully recovered, and is repr)rted as part of the expenditure to which it relates.. Charitable expenditure comprises those costs incurred by the charity in the delivering of its activit$ and Services for its beneficiaries. It includes both costs that can be alk)cated directly to such activities and those costs of an indirect nature necessary lo support them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Fund aeeounting General funds are unrestricted funds which are available for use at the discretion of the trust&s in furtherance of the general objectives of the chanty and which have not bn designod for other purtK)ses. Re$trictsd funds Restricted funds are funds. which are lo be used in accordan( wth Spef reslricb'ons Imposed by donors. which have been received by the charrty for specific purposes. The aim and use of aaeh fund is sel out in the notes to the finaft¢ial statements.
MASJID AL FURQAN Notes to the Accounts for the year ended 31 October 2020 2 Income 2020 2019 Restricted Funds Unrostrlcted Fund - General Fund Other Income General Donations receNed 10,000 196.631 206,631 230.909 230,909 3 Cost ol furthering ¢harity's oblts 2020 2019 Unrestrlcted funds Management & admin ofcharty Donations paid Charitable aclivib.es 74,022 64,909 5,170 144,101 79,006 60.559 300 139,865 Restricted funds 4 Analysls of expenditure 2020 2019 Management & Administration ol charty Gross Wages Social security cost Rent, Rates and insurance Heal & lighl Cleaning Repairs and maintenan Telephone Printing stationery and postsge Advertisement Legal and Professional fees Account8ncy and aud"n9 Bank charges Security services Refreshments for events DepreciatKJn Sundry Travel & subsisten 5.151 8,050 702 9531 6,328 348 400 1,732 1.013 330 17,285 350 233 12.110 2,094 265 31.656 650 45 22,790 1,676 943 26,492 1,009 1.845 74.022 79,OC6
MASJID AL FURQAN Notes to the Accounts for the year ended 31 trtober 2020 4 Staff Costs and Numb•ts Staff costs were as follows: 2020 2019 Salaries and wages Social secunty costs Total No employee reGeived emoluments of mre than £50,000. S Tangible fixed a8$ets Land and Fumiture & buildings fittSng8 librdry took8 Cost Al 1 November 2019 Addib"ons At 31 October 2020 659.385 96.448 755.833 187,735 2,137 189,872 1,925 1,925 Depreciation Al 1 November 2019 Charge for the year At 31 October 2020 38,977 22,634 61.611 889 155 Net book value Al 31 October 2020 755,833 128,261 881 Al 31 October 2019 659,385 148,758 1,036 The land and building above 4was last revalued on 31 October 2020. The trustees are not aware of any material change since the last revaluab'on. Revaluation amount of £659.385 is Ided in the above amount. 6 Cash In hand and at bank 2020 2019 Bank- Current acUnt Cash in hand 42.642 1.11JO 43.742 64,159 500 64,659
MASJID AL FURQAN Notes to th• Accounts for the year ended 31 October 2020 7 Creditors due in one year 2020 2019 Bank loan payable in one year Other taxes and social securrty Other Creditors Aceuals & deferred income 32 33 7,000 700 1,350 1.382 7.733 11 Creditors due aft•r rnore than one year 2020 2019 Brought foThvanJ Incoming Resour¢es Resource5 Expend Carried Foard 7 Summary of fundg Unrestricted funds 866,105 866,105 2C6.631 2(E.631 144.101 144,101 928,635 928.635 10