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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 06935331 (England and Wales) REGISTERED CHARITY NUMBER: 1131103

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

TAJDAAR-E-MADINA

Watergates Ltd 109 Coleman Road Leicester LE5 4LE

TAJDAAR-E-MADINA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

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Page
Trustees' Report 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11
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TAJDAAR-E-MADINA

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the organisation, as set out in its governing document are:

(1) To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, provision of facilities for worship, and provision of facilities for Islamic education, all in accordance with the Sunni Hanafi School of Thought;

(2) To advance the education of the public in particular, but not exclusively, by the provision of community learning programmes, classes, seminars and functions;

(3) 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;

(4) To promote any other charitable purpose for the benefit of Muslims and the general public that the trustees from time to time may determine.

ACHIEVEMENT AND PERFORMANCE

During the year, the charity continued to raise donations in order to carry out the required work on the property to make it suitable for the purpose of organisations activities.

FINANCIAL REVIEW

Financial position

During the year, incoming resources were £39,905 (2019: £24,309) whereas resources expended have decreased to £15,125 (2019: £29,219) thus resulting in a surplus of £24,780 (2019: £4,910 deficit).

Reserves policy

The total reserves held by the charity as at 31 December 2020 amounted to £323,302 (2019: £298,522).

The charity has now started to carry out its activities during the year as significant time and resources were employed in overseeing and carrying out the work on the property acquired as well as obtaining funds to finance the work.

FUTURE PLANS

During the year, significant amount of work was carried out and the construction reached towards completion although there will be some additional work required to be carried out. The charity now plans to carry out various activities during the year in support of its objectives as detailed above.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Tajdaar-e-Madina is a company limited by guarantee, and is a registered charity governed by its Memorandum and Articles of Association.

The company was incorporated on 16 June 2009 and was registered with the Charity Commission of England and Wales on 13 August 2009.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06935331 (England and Wales)

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TAJDAAR-E-MADINA

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020

Registered Charity number 1131103

Registered office

26A Vicarage Lane Humberstone Leicester Leicestershire LE5 1EE

Trustees

Mr M F Aziz Director Mr S T Nurmahomed Director

Company Secretary

Mr S T Nurmahomed

Independent Examiner

Mr Nazir Malida FCCA ACCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE

Approved by order of the board of trustees on 25th March 2022 and signed on its behalf by:

Mr M F Aziz - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAJDAAR-E-MADINA

Independent examiner's report to the trustees of Tajdaar-e-Madina ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mr Nazir Malida FCCA ACCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE

25th March 2022

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TAJDAAR-E-MADINA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
39,905
EXPENDITURE ON
Charitable activities
Mosque running costs
15,125
NET INCOME/(EXPENDITURE)
24,780
RECONCILIATION OF FUNDS
Total funds brought forward
15,091
TOTAL FUNDS CARRIED FORWARD
39,871		 Restricted
fund
£
-
-
-
283,431
283,431		 31/12/20
Total
funds
£
39,905
15,125
24,780
298,522
323,302		 31/12/19
Total
funds
£
24,309
29,219
(4,910)
303,432
298,522

The notes on page 0 form part of these financial statements

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TAJDAAR-E-MADINA

STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
2,104
CURRENT ASSETS
Cash at bank and in hand
38,670
CREDITORS
Amounts falling due within one year
7
(903)
NET CURRENT ASSETS
37,767
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,871
NET ASSETS
39,871
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
273,563
9,868
-
9,868
283,431
283,431		 31/12/20
Total
funds
£
275,667
48,538
(903)
47,635
323,302
323,302
39,871
283,431
323,302		 31/12/19
Total
funds
£
276,661
22,606
(745)
21,861
298,522
298,522
15,091
283,431
298,522

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25th March 2022 and were signed on its behalf by:

Mr M F Aziz - Trustee

The notes on page 0 form part of these financial statements

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TAJDAAR-E-MADINA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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TAJDAAR-E-MADINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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|||| |---|---|---| |31/12/20|31/12/19| |£|£| |Depreciation - owned assets|994|994|

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3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

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||||| |---|---|---|---| |31/12/20|31/12/19| |Mosque staff|2|2| |No employees received emoluments in excess of £60,000.| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |fund|fund|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|21,151|3,158|24,309| |EXPENDITURE ON| |Charitable activities| |-| |Mosque running costs|29,219|29,219| |NET INCOME/(EXPENDITURE)|(8,068)|3,158|(4,910)| |RECONCILIATION OF FUNDS| |Total funds brought forward|23,159|280,273|303,432| |TOTAL FUNDS CARRIED FORWARD|15,091|283,431|298,522|

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TAJDAAR-E-MADINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

6. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1st January 2020 and
31st December 2020
273,563
DEPRECIATION
At 1st January 2020
-
Charge for year
-
At 31st December 2020
-
NET BOOK VALUE
At 31st December 2020
273,563
At 31st December 2019
273,563
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Pension Control Account (Nest)
8.
MOVEMENT IN FUNDS
At 1.1.20
£
Unrestricted funds
General fund
15,091
Restricted funds
Property acquisition and refurbishment
283,431
TOTAL FUNDS
298,522
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
39,905
TOTAL FUNDS
39,905		 Fixtures
and
fittings
£
4,972
1,874
994
2,868
2,104
3,098
31/12/20
£
900
3
903
Net
movement
in funds
£
24,780
-
24,780
Resources
expended
£
(15,125)
(15,125)		 Totals
£
278,535
1,874
994
2,868
275,667
276,661
31/12/19
£
736
9
745
At
31.12.20
£
39,871
283,431
323,302
Movement
in funds
£
24,780
24,780

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TAJDAAR-E-MADINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.19
£
Unrestricted funds
General fund
23,159
Restricted funds
Property acquisition and refurbishment
280,273
TOTAL FUNDS
303,432
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
21,151
Restricted funds
Property acquisition and refurbishment
3,158
TOTAL FUNDS
24,309
A current year 12 months and prior year 12 months combined position is as
At 1.1.19
£
Unrestricted funds
General fund
23,159
Restricted funds
Property acquisition and refurbishment
280,273
TOTAL FUNDS
303,432		 Net
movement
in funds
£
(8,068)
3,158
(4,910)
Resources
expended
£
(29,219)
-
(29,219)
follows:
Net
movement
in funds
£
16,712
3,158
19,870		 At
31.12.19
£
15,091
283,431
298,522
Movement
in funds
£
(8,068)
3,158
(4,910)
At
31.12.20
£
39,871
283,431
323,302

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TAJDAAR-E-MADINA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Property acquisition and refurbishment		 Incoming
Resources
resources
expended
£
£
61,056
(44,344)
3,158
-		 Movement
in funds
£
16,712
3,158
TOTAL FUNDS 64,214
(44,344)		 19,870

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2020.

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TAJDAAR-E-MADINA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations		 31/12/20
31/12/19
£
£
39,905
24,309
Total incoming resources
EXPENDITURE
Support costs
Management
Wages
Pensions
Rates and water
Insurance
Light and heat
Repairs and maintenance		 39,905
24,309
8,923
19,428
23
79
818
1,502
1,288
1,297
3,079
2,589
-
3,330
Other
Depreciation of tangible fixed assets		 14,131
28,225
994
994
Total resources expended 15,125
29,219
Net income/(expenditure) 24,780
(4,910)

This page does not form part of the statutory financial statements

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