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2021-08-30-accounts

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 2021 COMPANY REGISTRATION NO: 06346128 CHARITY REGISTRATION NO: 1127584

ACCA

63 Kingsway - Burnage - Manchester M19 2LL Tel: 0161 - 2489898 - 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 l
Trustees Report 2
Independent Review 3
Income and Expenditure Account +
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 1HW

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

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HYDE ISLAMIC RESOURCE CENTRE

TRUSTEES REPORT

Charity Policy

Masjid observed all the lockdown restrictions during the year. Charitable activities resumed a gain once the lockdown was lifted.

Throughout the year trustees maintained the policy spending necessary funds 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:

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:

% 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:

Shamshed Ali Company Secretary Date: 7'"° December 2021

Page 2

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 2021 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:

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 ofthe 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 I 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:

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Mr. Farroukh Zaheer (FCCA)

Zaheer and Company

Chartered Certified Accountants and Registered Auditors 63 Kingsway

Burnage Manchester M19 2LL ae Date: ST H4 Do combhr A~0 az

Page 3

HYDE ISLAMIC RESOURCE CENTRE RECEIPTS AND EXPENDITURES ACCOUNT

FOR THE YEAR ENDED 31st AUGUST 2021

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||||||||| |---|---|---|---|---|---|---|---| |Notes|2020-21|2019-20| |Un-restricted|Restricted|| Endowment|Total|Total| |INCOME|AND|ENDOWMENTS|Funds|Funds|Funds| |DONATIONS AND|LEGACIES|1|226,597|-|-|226,597|109,499| |TOTAL INCOME|226,597||-|| -||226,597|109,499| |LESS:|EXPENDITURE| |EXPENDITURE|ON|RAISING|FUNDS|4|41,416|41,416|44,625| |EXPENDITURE ON CHARITIABLE|ACTIVITES|—|4.1|90,636|90,636|48,705| |TOTAL EXPENDITURE|132,052 lose|a]|132,052|93,330| |NET|INCOME|/ EXPENDITURE|94,546|94,546|16,169| |TOTAL|FUNDS|BROUGHT FORWARD|514,989|514,989|498,820| |TOTAL FUNDS CARRIED FORWARD|609,535i|609,535|514,989|

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Page 4

HYDE ISLAMIC RESOURCE CENTRE BALANCE SHEET AS AT 31st AUGUST 2021

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FIXED ASSETS
Tangible Assets 5 594,991 496,040
594,991 496,040
CURRENT ASSETS
Debtors
Cash at bank and in hand 6 17,258 20,325
17,258 20,325
CURRENT LIABILITIES
Creditors: amount falling due within
one year 7 2,714 1,376
Accurals
2,714 1,376
NET CURRENT ASSETS 14,544 18,949
TOTAL NET ASSETS / / 609,535 514,989
Capital and Reserves
Trust Reserves b/f 8 514,989 498,820
Income of Receipt over Expenditure for the year 94,546 16,169
TOTAL CHARITY FUNDS 609,535, 514,989)
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For the year ending 31st August 2021 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.

Directors’ responsibility:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The 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 Entities (effective April 2008) and FRS 102 SORP.

The Charity is subject to Independent Examination under charity legislation, and the report is on page '3'.

Approved on behalfof 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

Date :

Page 5

HYDE ISLAMIC RESOURCE CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31st AUGUST 2021

2020-21 2019-20
Note:
INCOME ANDENDOWMENTS Un-restricted Restricted Endowment Total Total
£ £ £ £ £
Donations and Legacies 194,136 - - 194,136 81,789
Fees Received 28,261 - - 28,261 12,464
Rent Received 4,200 - - 4,200 4,200
HMRCJRSGrant - - - - 11,046

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 ofthe 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 ofthe general objectives of the charity.

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 2020-21 2019-20
STAFFCOSTS Total Total
£ £ £ £ £
Gross Salaries 40,646 . - 40,646 43,817
Employer Pension 677 . - 677 582
ee 41.323

Note: 3.1

TRUSTEES REMUNERATION

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

Note: 4

Note: 4
EXPENDITUREONRAISING FUND 2020-21 2019-20
Un-restricted Restricted Endowmen Total Total
£ £ £ £ £
Wages and Salaries 40,646 - . 40,646 43,817
Employer Pension 677 677 582
Printing, Postage& Stationery 92 - - 92 226
41,416 - - 41,416 44,625

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Note: 4.1 EXPENDITURE ON CHARTIABLE ACTIVITIES

Accountancy
Legal& Professional		 1,140
16,282		 -
-		 -
-		 1,140
16,282		 1,606
12,981
SUPPORT COSTS:
Repairs& Maintenance
Charitable Donations		 50,188
3,780		 -
-		 -
-		 50,188
3,780		 14,090
1,652
Traveling 714 - - 714 1,034
Depreciation
Heatand Light		 6,351
7,848		 -
-		 -
-		 6,351
7,848		 2,025
9,119
Water/Rates
General Expenses		 3,212
1,121		 -
-		 -
-		 3,212
1,121		 5,437
761
_———————
90,636
.		 - 90,636 ——
48,705
Note: 5
TANGIBLE ASSETS: Land&
Building		 Fixtures&
Fittings		 Total
Cost
At Ist Sep2020 484,563 22203 506,766
Addition 74,439 30,863 105,302
——— a
At 31stAug2021 559,002 53,066 612,068
Depreciation
At Ist Sep2020 - 10,726 10,726
Charge fortheyear - 6,351 6,351
At 31stAug2021 ee - 17,077 ———
es
17,077
Net Book Value
———— ————
At 3lstAug2021 559,002 35,989 594,991
AtIstSep2020 484,563 11,477 496,040

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:

Note: 6

Note: 6
CASH ATBANK AND INHAND 2020-21 2019-20
Cash at Bank HSBC 12,004 16,427
Cash at Hand 5,254 3,898
17,258 20,325
Note: 7
CREDITORS: Amount fallingduewithin withinone year 2020-21 2019-20
Other Creditors 818 506
Accruals 1,896 870
2,714 1,376
Note: 8 2020-21 2019-20
ACCUMULATED FUNDS Un-restricted Restricted Endowment Total
Opening Funds as at01/09/2020 514,989 - - 514,989 498,820
Net income/expenditure 94,546 - - 94,546 16,169
Closingfundsasat31/08/2021 609,535 - - 609,535 514,989

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