Charity Registratlon number:1127170 Tees Valley Muslim Community Centre Annual Reportand Financial Statements Forthe Year Ended 31 March 2024
Tees Valley Muslim Communlty Centre Contents loontlnued) Reference 8nd Administrative Details Trustees. Report 2to4 Statement of Trustees, Responsibilities Indepen(Jent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Flnanci81 Statements 9t013
Tees Valley Muslim Community Centre Ret8rence and Administrative Detalls Trustees Dr MubasharAhmad Dr Shandarsalam Dr Baharul Islam Dr MunawarAhmed Mecci Mr Gu12arAhmed Mr Shula Hasan Khan Mr Shahid Ri8Z Dr Rehan Ahmad Mustafa Mr Imtiaz Cheema Dr Saleem Sabir Charity Registration Number 1127170 Prlnclpal Offi¢e Pragnell House Sopwith Close Preston Farm Industrial Estate Stockton-on-Tees TS183 Independent Examiner Danielle Suddick 1G Brlghouse Road Middlesbrough TS21RT
Tees Valley Muslim Community Centre Trustees, Report The Irusi88 pres8nt the annu81 report together with thefinancial statements of the charityforyear ended 31 March 2024. Obl8ctiv•s and actlviti•s Aims: Prayer Facility Educational Activities and Faith and Community Cohesion Awarenes5 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 Ihis review the truslees have considered the Charity Commission gener81 guidance on public benefit and in particular its supplementary publlc 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 Brea. Our long term ambition is to build the self confidenee of Muslims in thgir faith, and Ihrough our community facilities and activities help to make our area a peacetul, vibrant and harmonious community. Prayer Facility We aim to provide a designated place ol worship for muslim residents of Ingleby Bar¥Mck and surrounding areas. These facilities will be for both males and females as well as children, the elderly and disabled. Education Activities and Faith and Community Coheslon Seminars and courses will be h&ld in the community centre in liaison wlth the Ioc81 council and other organlsations for Islamic education, community cohesion, fosierinB relationships beiween dlfferent tsiths and 88neral safely le.g. tire safety and traff ic 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 lultion and help with school homework. Awareness of Health and Social Issues and Sporting Facilities Healihy living campaigns will be initiated and posters, leaflets and booklets wlll be provlded and coffee morning sessions will be organised. Some indoor sportingtacilities will be provided. arrangements will be made for outdoor sports trips as w811 as family daytrip8. Use of Volunteers Volunteers are an important resource in both ourfaith and community work. Volunteers are involved in all of our faith and community actiwties and we have people giving their time on a regular basis. A¢hlevements ond performonce 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 Commissions guidance and provide benefit to the wider community of Ingleby Barwick and communities further a
Tees Valley Muslim Communltycentre Trustees, Report Icontlnuedl Fln8n¢lal revlow Poll¢yon reserves The excess of income over expenditure lor the year was £10,883. The total unrestricted reserves at 31 March 2024 were £654.558. The free reserves ofthe charity. being those reserves not represented by fixed assets. were £62,696 at 31" Narch 2024. These reserves are well within the charity's target for reserves. Principle fundingsources The principle sources of funding during the year were donations and rental income. The trustees conslder the results of the charlty during the year to be satisfactory. Invo$tmentpoll¢yandobJ6¢tlves It is the policy of the charity to maintain free reserves that are sufficient to cover management. administration and running costs of the charity for the period of twelve monlhs. Structure* governance and mano8emont The Tees Valley Muslim Community Centre is a con81ituled charitable trust registered with the Charity Commission under charity number 1127170 and operates within the framework of it governing document. It is governed by the Consiitution. Recruitment8ndappointm•nt of trustees The existing trusiees are responsible for the recruitment of the n9W trustees but in so doingihe trustees seek the views and recommendations of the congre8ation and members of the charity. The trustees believe ihis approach ensures that good relations are fostered between the organisation 8nd the people who regularly attend events and funetions organised by the charity and are willingto volunteer to help in broader communitywork. Potenlial trustees are invited to attend irustees. meetings as observers 8nd are given more delails of the charity's aims and objecilves. With agreemeni of existingtruslees the individual is then proposed as a new trusiee ai the subsequent Irustees, meeting. The process allows for due consideration of the persons eligibility. personal competence. specialist knowledge and skills. Inductloft and trainingof trustee$ Following appointment, newtrustees are introduced to their new role and given copies of the charity's consiitirtion and a guide to the policies and procedures adopted bythe charity. A number of publications from the Charity Commission are also providgd including guidance on the charities and public benefit and on Ihe advancement of religion for public benetit. This ensures ihat new trustees workwith an exisling trustee assisting on particular activities and projects run by the charity. After satisfactory feedbackfrom existing trustees, they are thgn given the task of leading a particular activity or project and reporting the progress ai the irustees, meeting. Organlsatlonal structure The charity truslees are responsible for the general control and management of the ch8rity. The trustees glve ihelr time freely and receive no remuneration or Oiher financial benefils. The trustees meettogether, as a body, monthly and responsible for all decisions taken in relalion to runningthe centre, the cornmunity facilities and the activities provided by Ihe charity.
Tees Valley Muslim Community Centre Trust8es' Report{continued) Majorri5ks and management of those risks The trustees have assessed he risks the charity faces and have drawn the risks 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 attheir meetings and at meetings of the sub-committees on finance. building and day care centre. The trustees are satisfied that systems are in place, or arrangements in hand, to manage the risks that have been identifies. In particular, insurance cove is in place and the finances of the organisation are kept under review. The annual reportwas approved bythe trustees ofthe charity on its behalf by: eth . and signe(J on Dr MubasharAhmad Trustee
Teesvalley Muslim Communitycentre Independent Examiner's Report to the trustees of the Tees Valley Muslim Community Centre I reportto thetrustees on my examination ofthe accounts ofTees Valleycommunity Centre for theyear ended 31 March 2024. Respon$ibilities and the basls 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 Ac 20111.the Act'l. I report in respect of the examination of the Tees Valley Muslim Community Centre accounts carried out under section 145 of the 2011 Act 8nd in carrying out my ex8min8tion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner8 Statement I have complete(J my examination. I confirm that no material matters have come to my attention in connection whh the examination giving me cause to believe that in any material respect: 1. Aeeounting records were not kept in respect otTeesValley Muslim Community Centre as required by section 130 of the Act, or 2. The accounts do not accord wlth 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 IAccounts 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 the independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should e drawn in this report in order to enable proper understanding of the accounts to be reached. Danielle Suddick DS Accountancyservices NE Limited 1 G Brighouse Road Middlesbrough TS21RT
Tees Valley Muslim Community Centre Statement of Trustees, Responsibilities The trustees are responsible lor preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and 8ppIic8ble law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a t¥ue and fair view of the state of affairs of the charity and of the incoming resources and application of resources otthe charity for that period. In preparing these financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently- Observe the methods and principles in the Charity SORP: Make judgements and estimates that 8re reasonable and prudent- State whether applicable accounting standards have been lollowed. subject to any material departures disclosed and explained in the financial statements. and Prepare the financial statements on the going concern basis unless it 1$ inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records th8t 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 IAccounts and Reports) Regulations 2008, the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps forthe prevention and detection of fraud or 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 legislation in other jurisdictions. li, >fy) Approved bythe trustees ofthe charity on. and signed on its behalf by: Dr MubasharAhmad Trustee
T885 Valley Muslim Community Centre (Registration number: 1127170) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 591,862 591,862 Current assets Cash at bank and in hand 64.102 53.219 Credltors: Amounts falllng due within on year 10 CI.4Q6L NetGurrent aSSgts 62.696_ Net assets 654.558 64.3,675 Fund$ of the ¢haTity: Unre$tri¢ted income funds Unrestricted funds 654.558 643.675 TotalFunds 11 654A&8 643,67 The financial statements on pages 7 to 13 were approved by the trustees, and authorised for issue onl).,. iktt.lv .Jo>4 and signed on their behalf by: Dr Mubashar Ahmad Trustee
Tee$ Valleymuslim Community Gentre Statement of Financial Actlvlties for the Year Ended 31 March 2024 Unr05tricted Funds Total 2024 Note Income and Endowments from: Donations and legacies 11.508 11,508 Investment income 18.112 18,112 Total Income 29.620 Expenditure on". Charitable activitieg 37> Total Expenditure Net Income IQ.ERI ILLR83. Net movèment infLAnds _&81 Reconclllatlon of fund$ Total funds brought forw8rd 43.675 643.675 Total funds carried forward 654,558 654,5&8 Unrestrlcted Funds Total 2023 Note Income and Endowments from: Donations and 18g8cies Investment income 20,191 20.191 16,545 16,545 Total Income Expenditure on: Charitable actNities Total Expenditure Net Income 2]..971 Net rnovement in funds 21171 Reconciliation of lunds Total funds brought forward 6_21,704 Total funds carried forward 643.675 643.675 All of the charities activities derive from continuing operations during the above two periods. The funds breakdown for 2023 Is shown in note 11.
TeesValleyMu8lim Community Centre Notes to the Flnanclal Statements for the Year Ended 31 March 2024 1 Accountlng Pollcles Statement of complian¢e 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 accounting accordance with the Financial Reporting Standard applicable to the UK and Republic of IrelandlFRS 1021 (Charities SORP IFRS 102}l and Charities Act 2011. Basis of preparation The financial statements have been prepared on the historical cost b8SIS. 8s modified by the revaluation of certain financi21 assets 8nd liabilities and Investment properties measured 88 fair v81ue though income and expenditure. The financial statements are prepared in sterllng, which is the functional currency of the entity. Golngconcern The trustees considerthat there are no materi81 uncert8inties about the charities ability to Continue as a goingconcern. Judgements and key sources of estimatlon uncertalnty The preparation of the fin8nci81 statements requires rnanagement to make judgements. estimates and assumptions that affectthe amounts reported. These estimates and judgements are continually reviewed and are based on experience end other factors, including expectations of future events that are believed to be reasonable under the circumstances. The c8rrying amount is £-12023-£-1. Impairment of fixed assets For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of individual asset. an estimate is rn8de of recDver8ble 8mount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identitlable group of assets that include the asset and generates cash intlows that largely independent of the cash inf lows from other assets or group of assets. For impairment testing and goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated of each of the c8sh generating units that are expected to benef it from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Fund structure
Tees Valley Muslim Communitycentre Unrestricted tunijs avaltable to use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earm8rked by the trustees for particular future project or commitment. Notes to the Flnancial Statements for the Year Ended 31 March 2024 (continued) Restricted funds are subjected to restrictions on their expenditure declared by the donor through the terms of appeal. and fall into one of the sub-classes: restricted income funds of endowment funds. Financial Instruments A financial asset or a financial liabilities recognised only when the charity becornes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transactions costs. Current assets and current liabilities are subsequently measured at the cash or other consideration excepted to be paid or received and not discounted. Debt instruments are subsequently measured arnortised 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 impaiTment. Other financial instruments, including derivative8, are initially recognised at fair value. unless payment for asset is deferred beyond normal business terms ar8 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 market rate of interest for similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financi81 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 underthe appropriate headlng in the statement rf financi818ctivities in which the initial gain was recognised. For all equity instruments regardless of significance, and otherfinancial assets that are individually significant, these are assessed indivi(Jually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Tees Valley Musllm Comrnunity Centre 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 woul(t have been had the impairment not previously been recognised. Notes to the Finan¢ial Statements of the Year Ended 31 March 2024 Icontlnued} 2 Income from donations and legacies Unrestricted Funds General Total 2024 Total 2023 Donations and legacies; Donations from individuals 11.508 11.508 3 Investment Income Unrestrlct8d Funds General Total 2024 Total 2023 Income from rents 18.1.12 16,545 4 Expenditure on charitable activities Unrestricted Funds General Total 2024 Total 2023 Note Governance costs 270 2,364 Unrestricted Funds General Total 2024 Total 2023 Charitable activities l8,467 Activity undertaken dlrectly Total exp6ndlture Total for 2024 Totalfor 2023 12.401
Tees Valley Muslim Community Centre Notesto thetlnanclal stalements fortheyear Ended 31 March 2024 {continued) 5 Analysls of gov8rnan¢e and support ¢o$t$ Govein8n¢e ¢ost8 Unrestricted Funds General Total 2024 Total 2023 Independent examiner fees Legal fees 1.320 1,320 ILQ&QL ILQ 270 27Q 1,314 2.364 6 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 7 Taxgtion The charity is a registered charty and is therefore exempt from taxation. Tangible fixed a$$ets Land and Bulidings Total Cost At 1 April 2023 At 31 March 2024 591.861 591.862 591.862 591,862 Depre¢iJtion At 31 March 2024 N8t Bookvalue At 31 March 2024 At 1 April 2023 591,862 591,862 591,862 591,862 Cash and ¢a$h equivalents 2024 2023 Cash at bank 64.102 53.219
Tee8 Valley Mu811m Communlty Centre Notes to the flnanclal statemènts for the Year Ended 31 March 2024 Icontinuedl 10 Credltors.. amounts falllng du8 Wlthin one year 2024 2023 Accruals 1.406 11 Funds Balance at 1 Incoming April 2023 resources ResoUe$ expended Balance at 31 March 2024 Unrestricted funds General 643.675 118,7371 654.558_ Balance at 1 Incoming April 2022 resourGe$ Resource8 expended Balance at 31 Mar¢h 2023 Unrestricted fund8 General 621,704 114.7651 643.675 12 Analysis of net assets between funds Unrestricted Totaltunds Funds at 31M8rch General 2024 Tangible fixed assets Current assets Current Liabilities 591,862 64,102 591,862 64,102 Total net assets 654.558 654,558. Unrestrlcted Total funds Funds at 31March General 2023 Tangible fixed assets Current assets Current Liabilities 591,862 53.219 591,862 53,219 Total net assets 643 675 643 675
Tees Valley Muslim Community Centre Statement ot Financlal Aetlvltles byfund tor Year Ended 31 March 2024 Total Total Unrestricted Unrestricted Fund8 Funds 2024 2023 Income and Endowments from: DDnations and legacies Investment Income 11,508 20.191 Total Income 29,620 36.736 Expenditure on: Charitable activities Total Expenditure 737 Net Income Net movementin funds 1.D..88.3. Re¢onGiliation of funds Total funds brought forward Total funds carried toard 654,558 643,675
Tees Valley Musilm Communlty Centre Statement of Financlal Actlvltlgs byfund for Year Ended 31 Mar¢h 2024 Total 2024 Total 2023 Income and Endowmentsfrom: Donations and legacies lanalysed below Investment Income lanalysed below) 11,508 20,191 Tot81 Income 29,620 36.736 Expendlture on: Charitable activities Total Expenditure Net Income Net movement in funds Reconclllation of funds Total funds brough forward Total funds carried forward 654.558 643,675
Tees Valley Muslim Communlty Centre Detalled Statement of Flnanelal Aetlvltles for the Year Ended 31 March 2024 Icontinuedl Total 2024 Total 2023 Donations and legacies Appeals and donations &0 11,508 20,191 Investment Income Rental Income ILL45 16,545 18.112 Charitable a¢tlvltios Insurance Water rates Light, heat and power Repairs and malntenance Telephone and fax Sundry expenses Bankcharges Accountancyfees Solicitors fees 11,6201 19141 110,2601 13,0751 1951 12,4411 1611 11,3201 (983) {8,3851 {5661 {4031 {1,9991 165 11,3141 14,765