GOODWOOD COMMUNITY & EDUCATION CENTRE ANNUAL REPORT AND ACCOUNTS 31 MARCH 2023
GOODWOOD COMMUNITY & EDUCATION CENTRE ANNUAL REPORT AND ACCOUNTS CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Report of the Trustees | 2 – 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes forming part of the financial statements | 7 - 10 |
GOODWOOD COMMUNITY & EDUCATION CENTRE LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY TRUSTEES
Mr Ibrahim Mogra Mr Suleman Chachia Mr Mohammed Najeeb Patel Mr Liyaquat Ali Hafej Mohamed Laher Mr Mohammed Karolia Mr Ahmed Lorgat
REGISTERED OFFICE
60 Gamel Road Leicester Leicestershire LES 6TB
REGISTERED CHARITY NUMBER 1130884 HMRC (CHARITIES) NUMBER XT20901 INDEPENDENT EXAMINER Yusuf Ghumra Chartered Accountant 45 Broadway Road Leicester LE5 5TB
BANKERS
Al Rayan Bank 24a Calthorpe Road Edgbaston, Birmingham, B15 1RP
Page 1
GOODWOOD COMMUNITY & EDUCATION CENTRE REPORT OF THE TRUSTEES
The Charity Trustees submit their annual report and accounts for the period ended 31[st] March 2023.
Governing document and constitution
The charity is an unincorporated organisation formed by adoption of a trust deed dated 1 May 2009 as amended on 10 December 2011. The charity is registered as a Charity with Charity Commission for England and Wales with effect from 31 July 2009.
Charity Trustees
The first trustees were appointed by the trust deed and hold office for life. Additional trustees are appointed for a term by the then trustees by a resolution passed at a meeting.
Trustee who served during the year are shown on page 1.
Governance
The charity is governed by trustees, who are responsible for the effective management of the organisation.
Meetings are held on a regular basis.
Objects of the Charity
The principal objects of the charity are:
-
To advance the education of the public in particular, but not exclusively, by the provision of community learning programmes, classes, seminars and functions;
-
To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, in accordance with the Hanafi school of thought, provision of facilities for worship, and provision of facilities for Islamic education;
-
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship, social circumstances, or other disadvantage with the object of improving their conditions of life; and
-
To promote any other charitable purpose for the benefit of muslims and the general public that the trustees from time to time may determine.
Activities report
In planning activities the trustees kept in mind the Charity Commissioner’s guidance on public benefit at the meetings.
The charity has established and runs subsidised after school classes for children to learn Islamic tenets to develop a better understanding of Islam. The education is imparted systemically to ensure children at different stages of learning attain appropriate benefit. The classes are attended by children who live in the neighbourhood of the charity.
The charity has established a regular five time prayer facility led by an Imam for all people to participate in. These prayers are well attended by families who live in the neighbourhood of the charity.
Page 2
GOODWOOD COMMUNITY & EDUCATION CENTRE REPORT OF THE TRUSTEES
(CONTINUED)
Volunteers
On many occasions the Association involves volunteers in the delivery of its activities. We have a full range of policies and procedures operating to ensure this involvement is successful and beneficial to all parties.
Risk Management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse conditions.
Reserves
It is the policy of the charity to maintain unrestricted funds at a level in excess of annual unrestricted management and administration expenditure. Unrestricted funds are maintained at least at this level throughout the year.
Approved by the Charity Trustees on 15 December 2023 and signed on their behalf:
Mohammed Najeeb Patel Honorary Chairman
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GOODWOOD COMMUNITY & EDUCATION CENTRE
I report on the accounts of Goodwood Community & Education Centre for the year ended 31 March 2023 which are set out on pages 5 to 10.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England Wales, which is one of the listed bodies.
I have completed my examination. I 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable 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.
I 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.
Yusuf Ghumra BSc FCA
Chartered Accountant 15 December 2023
45 Broadway Road Leicester LE5 5TB
Page 4
GOODWOOD COMMUNITY & EDUCATION CENTRE STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 MARCH 2023
| Incoming Resources Voluntary income Donations 2 Incoming resources from charitable activities Total incoming resources Resources expended Costs of activities in furtherance of charitable objects 3 Premises costs 3 Management and administration 3 Total resources expended Net incoming resources Total funds brought forward Total funds carried forward |
Unrestricted funds £ 755,222 165,739 920,961 575,143 71,143 20,877 667,163 253,798 2,400,179 2,653,977 |
Restricted funds £ - - - - - - - - - - |
2023 Total £ 755,222 165,739 920,961 575,143 71,143 20,877 667,163 253,798 2,400,179 2,653,977 |
2022 Total £ 264,537 111,227 |
|---|---|---|---|---|
375,764 |
||||
| 148,355 57,598 16,194 |
||||
222,147 |
||||
153,617 2,246,562 |
||||
2,400,179 |
Page 5
GOODWOOD COMMUNITY & EDUCATION CENTRE BALANCE SHEET AS AT 31 MARCH 2023
| Note FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS INCOME FUNDS Restricted funds Unrestricted funds |
Unrestricted funds £ 2,752,307 145,046 145,046 (42,476) 102,570 2,854,877 (200,900) 2,653,977 - 2,653,977 2,653,977 |
Restricted funds £ - - - - - - - - - - - |
2023 Total £ 2,752,307 145,046 145,046 (42,476) 102,570 2,854,877 (200,900) 2,653,977 - 2,653,977 2,653,977 |
2022 Total £ 2,393,046 |
|---|---|---|---|---|
182,116 |
||||
182,116 (54,083) |
||||
128,033 |
||||
2,521,079 (120,900) |
||||
2,400,179 |
||||
- 2,400,179 |
||||
2,400,179 |
Approved by the Board of the Charity Trustees on 15 December 2023 and signed on their behalf:
Mohammed Najeeb Patel Honorary Chairman
Page 6
GOODWOOD COMMUNITY & EDUCATION CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2023
1. Accounting policies Accounting convention
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with
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Accounting and Reporting by Charities: 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) issued in October 2019,
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the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
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the Charities Act 2011,
-
and UK Generally Accepted Practice.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Page 7
GOODWOOD COMMUNITY & EDUCATION CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2023
(CONTINUED)
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold land None Freehold buildings 2% on cost
| 2. Voluntary income Donations from individuals 3. Analysis of resources expended Costs of activities in furtherance of charitable objects Employment costs Gross wages and salaries Employer’s national insurance Pension Supply staff Charitable donations: Afghanistan India Malawi Pakistan Syria Turkey Premises costs General and water rates Utilities Building insurance Depreciation – fixtures and fittings Management and administration Miscellaneous Legal and professional fees Marketing |
2023 £ 755,222 2023 £ 168,014 113 427 4,993 270,360 11,345 1,035 5,000 6,078 107,778 575,143 1,641 23,563 3,103 42,836 71,143 18,951 1,620 306 20,877 |
2022 £ 264,537 |
|---|---|---|
2022 £ 132,974 - 1,237 10,524 3,620 |
||
148,355 |
||
1,633 10,772 2,458 42,735 |
||
57,598 |
||
12,614 3,400 180 |
||
| 16,194 |
Page 8
GOODWOOD COMMUNITY & EDUCATION CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2023
(CONTINUED)
4. Employees
| 2023 £ Number Number of employees in the year 25 Activities in furtherance of charitable objects 25 No employee received remuneration of more than £60,000. 5. Trustees and related parties Trustee expenses and remuneration 2023 Number of trustees who were paid expenses None Total amount paid Nil Trustees’ Remuneration Nil Material interest of the trustees No trustee had a material interest in any contracts during the year (2022: None). |
2022 £ Number 21 |
|---|---|
| 21 | |
| 2022 None |
|
| Nil | |
| Nil | |
6. Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge/(credit) for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Freehold property £ 2,613,596 402,097 |
|---|---|
| 3,015,693 | |
| 220,550 42,836 |
|
| 263,386 | |
| 2,752,307 | |
| 2,393,046 |
Page 9
GOODWOOD COMMUNITY & EDUCATION CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2023
(CONTINUED)
| 7. Creditors: amounts falling due after within one year Other taxes and social security Other creditors 8. Creditors: amounts falling due after more than one year Other Creditors - Loans from individuals |
2023 £ - 42,476 42,476 2023 £ 200,900 200,900 |
2022 £ 1,948 52,135 |
|---|---|---|
| 54,083 | ||
| 2022 £ 120,900 |
||
| 120,900 |
Page 10