## ZAHEER & COMPANY CHARTERED CERTIFIED ACCOUNTANTS AND REGISTERED AUDITORS 

HYDE ISLAMIC RESOURCE CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT & FINANCIAL STATEMENT FOR THE YEAR ENDED 31st AUGUST 2020 COMPANY REGISTRATION NO: 06346128 CHARITY REGISTRATION NO: 1127584 

ACCA 

63 Kingsway - Burnage - Manchester Mi9 2LL Tel: 0161 - 248 9898 - Fax:0161- 2489899 - E-mail: farroukn@zaheerandco.com - www.zaheerandco.co.uk VAT Registration Number: 741 2871 39 Partners: Mr. Farroukh Zaheer (FCCA) MRS. Neelam Zaheer 



## HYDE ISLAMIC RESOURCE CENTRE 

## (A company limited by guarantee) 

## CONTENTS 

||Page|
|---|---|
|Directors / Trustees|1|
|Trustees Report|2|
|Independent Review|3|
|Income and ExpenditureAccount|4|
|Balance Sheet|5|
|Notestotheaccounts|6-9|





## HYDE ISLAMIC RESOURCE CENTRE 

## DIRECTORS / TRUSTEES AND PROFESSIONAL ADVISORS 

DIRECTORS / TRUSTEES: MR. NAZRUL ISLAM MR. LUBEN MIAH MR. MOHAMMED MOHEBUR RAHMAN MR. QASIM ABDULLAH 

## SECRETARY: 

## MR. SHAMSHED ALI 

BUSINESS ADDRESS: ONWARD CHAMBERS 1 ONWARD STREET HYDE CHESHIRE SK14 LHW 

BANKERS: THE ROYAL BANK OF SCOTLAND HYDE BRANCH 1 CORPORATION STREET HYDE CHESHIRE SK14 1AQ 

ACCOUNTANTS: 

ZAHEER AND COMPANY 63 KINGSWAY BURNAGE MANCHESTER M19 2LL 

Page 1 



## HYDE ISLAMIC RESOURCE CENTRE 

## TRUSTEES REPORT 

## Charity Policy 

Charity funds’ is to be spent on the running of the centre (i.e. Water, Electricity, Gas etc.) and paying for the Imams wages. 

- Extra funds also to raised and spent on: e The work required at the new building (Royal Building, Corporations Street, Hyde) i.e. Roof work and interior works such as new doors, heaters (air conditioning units). 

- e Architect and Heritage Statements 

Excess fund to be saved for the outstanding debt payment (loans) from the borrowing for the final purchase payment of The Royal Building, Corporation Street, Hyde. 

The trustees shall review this statement should the debt be paid off and excess funds become available 

## Treasurers Responsibilities 

Charity law requires the trustees to prepare statements of accounts for each financial year, in preparing those financial statements, the trustees are required to: 

- % select suitable accounting policies and apply them consistently ~ make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern, unless it is in appropriate to presume that the trust will continue to operate. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with The Charity (Accounts & Audit) Regulations 1995 

Signed on Behalf of the Trustees: 

a. RA Shamshed Ali Company Secretary Date: 11 June 2021 

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## INDEPENDENT EXAMINER’S REPORT 

## TO THE TRUSTEES OF HYDE ISLAMIC RESOURCE CENTRE 

We report on the accounts of the Hyde Islamic Resources Centre, registered charity number 1127584 for the accounts year ended 31st August 2020 set out on pages 4 to 9. 

## RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER 

The charity's trustees are responsible for the preparation for the accounts in accordance with the requirement of the Charities Act 2011 ("the Act"). The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts (under section 145 of the 2011 Act) 

- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act): and in accordance FRS 102 SORP 

- - to state whether particular matters have come to my attention. 

## BASIS OF INDEPENDENT EXAMINER'S REPORT: 

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts. 

## INDEPENDENT EXAMINER’S STATEMENT: 

In connection with our examination, no matter has come to our attention: 

- (1) which gives us reasonable cause to believe that in any material respect the requirements 

   - . to keep accounting records in accordance with section 41 of the Act; and 

   - . to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or 

- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## Mr. Farroukh Zaheer (FCCA) 

Zaheer and Company Chartered Certified Accountants and Registered Auditors 

63 Kingsway Burnage Manchester 

M19 2LL 

Date: 

Page 3 



## HYDE ISLAMIC RESOURCE CENTRE RECEIPTS AND EXPENDITURES ACCOUNT 

FOR THE YEAR ENDED 31st AUGUST 2020 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Notes|2019-20|2018-19|
|Un-restricted|Restricted|| Endowment|Total|Total|
|INCOME|AND|ENDOWMENTS|Funds|Funds|Funds|
|DONATIONS AND LEGACIES|1|109,499|-|-|109,499|91,961|
|TOTAL INCOME|to9a99[||CLSt09,499|| ||[91,961]|||
|LESS:|EXPENDITURE|
|EXPENDITURE ON RAISING|FUNDS|4|44,625|44,625|42,301|
|EXPENDITURE ON CHARITIABLE|ACTIVITES|4.1|48.705|48.705|28,144|
|TOTAL EXPENDITURE|93,331 ||Clete|||93,331|70,445|
|NET INCOME|/ EXPENDITURE|16,169|16,169|21,516|
|TOTAL FUNDS|BROUGHT|FORWARD|498.820|498,820|477,304|
|TOTAL FUNDS CARRIED FORWARD|514,989|P||514,989|498,820|

**----- End of picture text -----**<br>


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HYDE ISLAMIC RESOURCE CENTRE BALANCE SHEET 

AS AT 31st ALGUST 2020 


**----- Start of picture text -----**<br>
Notes 2019-20 2018-19<br>poe<br>FIXED ASSETS<br>langible Assets 5 496.040 498.065<br>496.040 498.065<br>CURRENLASSETS<br>Debtors<br>Cush at bank and in hand 6 20,325 6.190<br>20,325 6,190<br>CURRENT LIABILITIES<br>Creditors. amount falling due within<br>one year 7 1.376 5.435<br>Accurals<br>1,376 S435<br>NEE CURRENT ASSETS 18.949 755<br>LOVAL NET ASSEAS 514.989 498.820<br>Capital and Reserves<br>‘Trust Reserves b/f 8 498.820 477.304<br>Income of Receipt over Expenditure for the year 16,169 21.516<br>POTAL CHARITY FUNDS 514,989 498,820<br>**----- End of picture text -----**<br>


Lor the year ending 31st August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and under charities Act 2011 

## Direetors' responsibility: 

The members have not required the company to obtain an audit of Ms accounts for the year m question in accordance with section 476, [he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts 

The accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. with the Financial Reporting Standard for Smaller Fntities (effective Apnl 2008) and PRS 102 SORP. 

The Charity 1s subject to Independent | xamination under charity legislation, and the report 1s on page ‘3’ 

Approved on behalf of the Board 

We approve these accounts and confirm that we have made available all the information and explanations for their preparation 

Secretary: 

## MR. SHAMSHED ALI 


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Date: sf6f2|<br>**----- End of picture text -----**<br>



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## HYDE ISLAMIC RESOURCE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st AUGUST 2020 

|||2019-20|||2018-19|
|---|---|---|---|---|---|
|Note: 1||||||
|INCOMEANDENDOWMENTS|Un-restricted|Restricted Endowment||Total|Total|
||£|£|£|£|3|
|Donations and Legacies|81,789|-|-|81,789|75,655|
|Fees Received|12,464|-|=|12,464|12,456|
|Rent Received|4.200|-|-|4,200|3,850|
|HMRC JRS GRANT|11,046|-|:|11,046|-|
|||||||o1961||



## Note: 2 

## ACCOUNTING POLICIES 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with Recommended Accounting Practice 2015', (FRS 102 SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRSSE SORP 2015 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. 

## Accounting convention 

The financial statements are prepared, on a going concern basis, under the historical cost convention. The charity is mainly dependent on continuing donations and as a consequence the going concern basis is also dependent on the continuing of donations. 

## Incoming resources 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. 

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. 

## Recognition of liabilities and expenditure 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fund raising purposes. 

Page 6 



Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

All costs are allocated between the expenditure categories of Statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly , and others are apportioned on an appropriate basis. 

## Fund accounting 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

## Note: 2.1 

## LIABILITY TO TAXATION 

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

|Note: 3||||2019-20||||2018-19|
|---|---|---|---|---|---|---|---|---|
|STAFFCOSTS|||||||Total|Total|
||£||£||£||£|=|
|Gross Salaries||43,817||-||-|43,817|41,494|
|EmployerPension||582||-||-|582|479|



## Note: 3.1 

## TRUSTEES REMUNERATION 

All trustees provide their services to the charity free of charge without any remuneration. 

Note: 4 

|Note: 4||||||
|---|---|---|---|---|---|
|EXPENDITUREONRAISINGFUND||2019-20|||2018-19|
||Un-restricted|Restricted Endowmen||Total|Total|
||£|£|£|£|£|
|Wages and Salaries|43,817|-|-|43,817|41,494|
|EmployerPension|582|||582|479|
|Printing, Postage& Stationery|226|-|-|226|328|
||44,625|:|:|44,625|42,301|
||||||Page7|





Note: 4.1 

## EXPENDITURE ON CHARTIABLE ACTIVITIES 

|Accountancy|1,606|-|2|1,606|1,162|
|---|---|---|---|---|---|
|Legal & Professional|12,981|e|5|12,981|2,320|
|SUPPORT COSTS:||||||
|Repairs& Maintenance|14,090|-|-|14,090|10,889|
|Charitable Donations|1,652|2|=|1,652|710|
|Traveling|1,034|.|=|1,034|-|
|Depreciation|2,025|-|-|2.025|2,383|
|Heat and Light|9.119|s|=|9.119|8,929|
|Water/Rates|5,437|-|-|5.437|1.455|
|General Expenses|761|-|-|761|236|
||48,705|-|-|48,705|28,144|
|Note: 5||||||
||Land &|Fixtures &||||
|TANGIBLEASSETS:|Building|Fittings||Total||
|Cost||||||
|At IstSep 2019|484.563|22203||506,766||
|Addition|2|-||-||
|At 31stAug 2020|484,563|22,203||506,766||
|Depreciation||||||
|At Ist Sep 2019|=|8,701||8,701||
|Charge forthe year|-|2,025||2,025||
|At 31stAug 2020|-|10,726||10,726||
|Net Book Value||||||
|At 31stAug 2020|484,563|11,477||496,040||
|AtIstSep2019|484,563|13,502||498,065||




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## Note: 6 

|CASH ATBANKAND IN HAND||2019-20||2018-19|
|---|---|---|---|---|
|Cash at BankHSBC||16,427||5,825|
|Cash atHand||3,898||365|
|||20,325||6,190|
|Note: 7|||||
|CREDITORS: Amount falling duewithin|within oneyear|2019-20||2018-19|
|Other Creditors||192||4,288|
|Pension||39||=|
|PAYE||275||427|
|Accruals||870||720|
|||1,376||5,435|
|Note: 8||2019-20||2018-19|
|ACCUMULATEDFUNDS|Un-restricted|—_Restricted<br>Endowment|Total|Total|
|Opening Funds as at01/09/2019|498,820|-<br>-|498,820|477,304|
|Net income/expenditure|16,169|-<br>-|16,169|21,516|
|Closing funds as at 31/08/2020|514,989|-<br>-|514,989|498,820|
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