Charity registration number: 1127170
Tees Valley Muslim Community Centre
Annual! Report and Financial Statements for the Year Ended 34 March 2023
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Tees Valley Muslim Community Centre
Contents (continued)
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|---|---|---|---|
|Reference and Administrative Details|4|
|2|to|4|
|Trustees’|Report|
|Statement of Trustees’|Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial|Activities|7|
|8|
|Balance|Sheet|
|Notes to the|Financial Statements|9|to 13|
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Tees Valley Muslim Community Centre
Reference and Administrative Details
Trustees
Dr Mubashar Ahmad
Dr Shandar Salam
Dr Rehan Ahmad Mustafa Mr Imtiaz Cheema
Mr Gulzar Anmed Dr Saleem Sabir Dr Salahuddin Mahmood Qureshi Mr Shuja Hasan Khan Charity Registration Number 1127170
Principal Office Pragnell House Sopwith Close Preston Farm Sotckton-on-Tees TS18 3TT
Independent Examiner
Anthony Blueitt 81 Borough Road Middlesbrough TS1 3AA
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Tees Valley Muslim Community Centre
Trustees’ Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
Objectives and activities Aims:
PrayerEducationalFacilityActivities and Faith and Community Cohesion Awareness of Health and Social Issues and Sporting Facilities The objectives are set to reflect our faith and community aims. Each year the trustees review the objectives and activities to ensure they continue to reflect the aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. Our dual aims remain to provide a facility where muslims can worship and to provide a community facility for all of the communities in the Stockton-on-Tees area. Our long term ambition is to build the self confidence of muslims in their faith, and through our community facilities and activities help to make our area a peaceful, vibrant and harmonious community.
WePrayeraimFacilityto provide a designated place of worship for muslim residents of Ingleby Barwick and surrounding areas. These facilities will be for both males and females as well as children, the elderly and the disabled.
Education Activities and Faith and Community Cohesion Seminars and courses will be held in the community centre in liaison with the local council and other organisations for islamic education, community cohesion, fostering relations between different faiths and general safety (e.g fire safety and traffic rules). Regular talks will be held on community and social and cultural issues to enable muslim and non muslim residents to support one another in their common goals of developing the communities. Seminars will be organised to provide resources for schools and the wider community, weekend sessions of tuition and help with schoo! homework.
Awareness of Health and Social Issues and Sporting Facilities Healthy living campaigns will be initiated and posters, leaflets and booklets will be provided coffee morning sessions will be organised. Some indoor sporting facilities will be provided, arrangements will be made for outdoor sporting trips as well as family day trips.
Use of volunteers
Volunteers are an important resource in both our faith and community work. Volunteers are involved in all of our faith and community activities and we have people giving their time on a regular basis.
Achievements and performance The charity carries out a wide range of activities religious and non religious that deliver public benefit in pursuance of its charitable aims. The trustees consider that these activities, previously mentioned, are in accordance with the Charity Commission's guidance and provide benefit to the wider community of Ingleby Barwick and communities further afield.
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Tees Valley Muslim Community Centre
Trustees’ Report (continued)
Financial review
Policy on reserves The excess of income over expenditure for the year was £21,971. The total unrestricted reserves at 31st March 2023 were £643,675. The free reserves of the charity, being those reserves not represented by fixed assets, were £51,813 at 31st March 2023. These reserves are well within the charity's target for reserves.
Principal funding sources The principal sources of funding during the year were donations and rental income. The trustees consider the results of the charity during the year to be satisfactory.
investment policy and objectives It is the policy of the charity to maintain free reserves that are sufficient to cover management, administration and running costs of the charity for a period of twelve months.
Structure, governance and management
The Tees Valley Muslim Community Centre is a constituted charitable trust registered with the Charity Commission under charity number 1127170 and operates within the framework of its governing document. It is governed by a Constitution.
Recruitment and appointment of trustees
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendations of the congregation and members of the charity. The trustees believe this approach ensures that good relations are fostered between the organisation and the people of the local! community that we serve. In selecting new trustees, the existing trustees seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in broader community work. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charity's aims and activities. With the agreement of existing trustees the individual is then proposed as a new trustee at the subsequent trustees’ meeting. This process allows for due consideration of the person's eligibility, personal competence, specialist knowledge and skills.
Induction and training of trustees
Following appointment, new trustees are introduced to their new role and given copies of the charity's constitution and a guide to the policies and procedures adopted by the charity. A number of publications from the Charity Commission are also provided including guidance on charities and public benefit and on the advancement of religion for public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are then given the task of leading a particular activity or project and reporting the progress at a trustees’ meeting.
Organisational structure The charity trustees are responsible for the general contro! and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet together, as a body, monthly and are responsible for all decisions taken in relation to running the centre, the community facilities and the activities provided by the charity.
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Tees Valley Muslim Community Centre
Trustees’ Report (continued)
Major risks and management of those risks
The trustees have assessed the risks the charity faces and have drawn up a risk assessment which identifies the major risks by area of activity, nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review these risk assessments regularly at their meetings and at meetings of the sub-committees on finance, buildings and day care centre. The trustees are satisfied that systems are in place, or arrangements in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the organisation are kept under the review.
The annual report was approved by the trustees of the charity on Bleni262%- and signed on its behalf by:
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Trustee
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Tees Valley Muslim Community Centre
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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« select suitable accounting policies and then apply them consistently;
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« observe the methods and principles in the Charities SORP; + make judgements and estimates that are reasonable and prudent; + tate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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The trustees are responsible for keeping proper accounting records that 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, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees 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. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legistation in other jurisdictions.
Approved by the trustees of the charity on {S| orl2026- and signed on its behalf by:
DrMubashar Ahmad Trustee
Page 5
Tees Valley Muslim Community Centre
independent Examiner's Report to the trustees of Tees Valley Muslim Community Centre
| report to the trustees on my examination of the accounts of Tees Valley Muslim Community Centre for the year ended 31 March 2023.
Responsibilities and basis of report As the charity trustees of Tees Valley Muslim Community Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act). | report in respect of my examination of the Tees Valley Muslim Community Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 4.45(5)(b) of the Act.
independent examiner’s statement
| have completed my examination. | 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:
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accounting records were not kept in respect of Tees Valley Muslim Community Centre as required by section 130 of the Act; or
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the accounts do not accord with those records; or 3. the accounts do not comply with the accounting 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.
| 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.
Anthony Blueitt Chuhan & Singh Partnership Limited
81 Borough Road Middlesbrough TS1 3AA
pate:IS(Otl20%¢.
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Tees Valley Muslim Community Centre
Statement of Financial Activities for the Year Ended 31 March 2023
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|Unrestricted|Total|
|funds|2023|
|Note|£|£|
|Income|and|Endowments|from:|
|Donations|and|legacies|20,191|20,191|
|Investment income|3|16,545|16,545|
|Total|income|36,736|36,736|
|Expenditure|on:|
|Charitable|activities|(14,765)|(14,765)|
|Total expenditure|(14,765)|(14,765)|
|Net income|21,971|21,971|
|Net movement|in|funds|21,971|21,971|
|Reconciliation|of funds|
|Total funds|brought forward|621,704|621,704|
|Total funds carried|forward|14|643,675|643,675|
|Unrestricted|Total|
|funds|2022|
|Note|£|£|
|Income|and|Endowments|from:|
|Donations and|legacies|8,074|8,074|
|Investment|income|3|15,368|15,368|
|Total|income|23,442|23,442|
|Expenditure|on:|
|Charitable|activities|(9,545)|(9,545)|
|Total|expenditure|(9,545)|(9,545)|
|Net income|13,897|13,897|
|Net movement|in funds|13,897|13,897|
|Reconciliation|of funds|
|Total funds brought forward|607,807|607,807|
|Total funds|carried forward|14|621,704|621,704|
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All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 11.
The notes on pages 9 to 13 form an integral part of these financial statemenis. Page 7
Tees Valley Muslim Community Centre
(Registration number: 11271 70) Balance Sheet as at 31 March 2023
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|---|---|---|---|---|---|---|
|2023|2022|
|Note|£|£|
|Fixed|assets|
|Tangible assets|8|591,862|591,862|
|Current|assets|
|Cash|at bank and|in|hand|9|53,219|31,247|
|Creditors: Amounts|falling|due within one year|10|(1,406)|(1,405)|
|Net current assets|51,813|29,842|
|Net assets|643,675|621,704|
|Funds|of the|charity:|
|Unrestricted|income funds|
|Unrestricted|funds|643,675|621,704|
|Total funds|11|643,675|621,704|
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The financial statements on pages 7 to 13 were approved by the trustees, and authorised for issue on \8 or20%. and signed on their behalf by:
DrMubashar Ahmad Trustee
The notes on pages 9 to 13 form an integral part of these financial statements. Page 8
Tees Valley Muslim Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 201 4.
Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The carrying amount is £- (2022 -£-).
Impairment of fixed assets
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Fund structure
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Page 9
Tees Valley Muslim Community Centre Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Tees Valley Muslim Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
2 Income from donations and legacies
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Unrestricted
funds Total Total
General 2023 2022
£ £ £
Donations and legacies;
Donations from individuals 20,191 20,191 8,074
20,191 20,191 8,074
3 Investment income
Unrestricted
funds Total Total
General 2023 2022
£ £ £
Income from rents 16,545 16,545 15,368
4 Expenditure on charitable activities
Unrestricted
funds Total Total
General 2023 2022
Note £ £ £
Governance costs 2,364 2,364 2,719
Unrestricted
funds Total Total
2022
Other 2023 £ (As
£ £ restated)
Charitable activities 12,401 12,401 6,826
Activity
undertaken Total
directly expenditure
£ £
Total for 2023 12,401 12,401
Total for 2022 6,826 6,826
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Tees Valley Muslim Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
5 Analysis of governance and support costs
Governance costs
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds General |
Total 2023 |
Total 2022 |
|||
| £ | £ | £ | |||
| Independent examinerfees | 1,314 | 1,314 | 2,719 | ||
| Legal fees | 1,050 | 1,050 | - | ||
| 2,364 | 2,364 | 2,719 |
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
7 Taxation
The charity is a registered charity and is therefore exempt from taxation.
8 Tangible fixed assets
| 8 | Tangible fixedfixed assets | ||
|---|---|---|---|
| Land and | |||
| buildings | Total | ||
| £ | £ | ||
| Cost | |||
| At1 April 2022 | 591,862 | 591,862 | |
| At | 31 March 2023 | 591,862 | 591,862 |
| Depreciation | |||
| At | 31 March 2023 | - | - |
| Net book value | |||
| At | 31 March 2023 | 591,862 | 591,862 |
| At | 31 March 2022 | 591,862 | 591,862 |
| 9 | Cash and cash equivalents | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Cashatbank | 53,219 | 31,247 |
Page 12
‘Tees Valley Muslim Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
10 Creditors: amounts falling due within one year
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals | 1,406 | 1,405 | ||
| 11 Funds | ||||
| Balance at 1 | Incoming | Resources | Balance at 31 | |
| April 2022 | resources | expended | March 2023 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | 621,704 | 36,736 | (14,765) | 643,675 |
| Balance at 1 | Incoming | Resources | Balance at31 | |
| April 2021 | resources | expended | March 2022 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | 607,807 | 23,442 | (9,545) | 621,704 |
| 12 Analysis ofnetassets | between funds | |||
| Unrestricted | Totalfunds | |||
| funds | at 31 March | |||
| General | 2023 | |||
| £ | £ | |||
| Tangible fixed assets | 591,862 | 591,862 | ||
| Current assets | 53,219 | 53,219 | ||
| Current liabilities | (1,406) | (1,406) | ||
| Toial net assets | 643,675 | 643,675 | ||
| Unrestricted | Toialfunds | |||
| funds | at 31 March | |||
| General | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 591,862 | 591,862 | ||
| Currentassets | 31,247 | 31,247 | ||
| Current liabilities | (1,405) | (1,405) | ||
| Totalnetassets | 621,704 | 621,704 |
Page 13
Tees Valley Muslim Community Centre
Statement of Financial Activities by fund for the Year Ended 31 March 2023
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|---|---|---|---|
|Total|Total|
|Unrestricted|Unrestricted|
|Funds|Funds|
|2023|2022|
|£|£|
|income|and|Endowments|from:|
|Donations and|legacies|20,191|8,074|
|Investment income|16,545|15,368|
|Total income|36,736|23,442|
|Expenditure|on:|
|Charitable|activities|(14,765)|(9,545)|
|Total expenditure|(14,765)|(9,545)|
|Net income|21,971|13,897|
|Net movement|in funds|21,971|13,897|
|Reconciliation|of funds|
|Total funds brought forward|621,704|607,807|
|Total funds carried|forward|643,675|621,704|
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This page does not form part of the statutory financial statements. Page 14
Tees Valley Muslim Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
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|---|---|---|---|---|---|---|
|Total|Total|
|2023|2022|
|£|£|
|Income|and|Endowments|from:|
|Donations|and|legacies|(analysed|below)|20,191|8,074|
|Investment income (analysed|below)|16,545|15,368|
|Total income|36,736|23,442|
|Expenditure|on:|
|Charitable|activities|(analysed|below)|(14,765)|(9,545)|
|Total|expenditure|(14,765)|(9,545)|
|Net income|21,971|13,897|
|Net movement|in funds|21,971|13,897|
|Reconciliation|of funds|
|Total funds brought forward|621,704|607,807|
|Toial funds|carried|forward|643,675|621,704|
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This page does not form part of the Statutory financial statements. Page 15
Tees Valley Muslim Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2023 (continued)
| Total | Total | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Donationsandlegacies | ||
| Appealsand donations | 20,191 | 8,074 |
| 20,191 | 8,074 | |
| Investmentincome | ||
| Rental income | 16,545 | 15,368 |
| 16,545 | 15,368 | |
| Charitable activities | ||
| Rentandrates | ||
| Water rates Light, heatandpower Repairsandmaintenance Telephoneandfax Sundryexpenses Bankcharges Accountancyfees Solicitorsfees |
- (983) (8,385) (566) (403) (1,999) (65) (1,314) (1,050) |
(1,039) 1 (3,013) (2,749) - (8) (18) (2,719) - |
| (14,765) | (9,545) |
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