REGISTERED CHARITY NUMBER: 1131150
Report of the Trustees and
Financial Statements for the Year Ended 31 July 2020
for
The Mid Sussex Islamic Centre
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace
Hove East Sussex BN3 2WB
The Mid Sussex Islamic Centre
Contents of the Financial Statements for the Year Ended 31 July 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 | to | 10 |
The Mid Sussex Islamic Centre
Report of the Trustees
for the Year Ended 31 July 2020
The trustees present their report with the financial statements of the charity for the year ended 31 July 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
Aims, Objectives and strategies
The objectives of the charity are set out in the trust deed. Our objectives are set to reflect our faith and community aims.
We want our Mosque to be an accessible and welcoming venue where all Muslims, or those who wish to know more about our faith, can gather together to learn about their religion and worship. To this end we promote visits to the Mosque by local clubs and schools to explain the nature of our working of the Mosque.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1131150
Principal address
St Edmunds Hall Haywards Heath West Sussex RH16 4EQ
Trustees
A Bashar A H Chowdhury M N Islam M I Ali T Hussain R Hoque S Haque
Independent Examiner
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ A Bashar - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Mid Sussex Islamic Centre
Independent examiner's report to the trustees of The Mid Sussex Islamic Centre
I report to the charity trustees on my examination of the accounts of The Mid Sussex Islamic Centre (the Trust) for the year ended 31 July 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
ACCA A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Date: .............................................
Page 2
The Mid Sussex Islamic Centre
Statement of Financial Activities for the Year Ended 31 July 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 39,209 EXPENDITURE ON Raising funds 2 2,465 Other 26,388 Total 28,853 NET INCOME/(EXPENDITURE) 10,356 RECONCILIATION OF FUNDS Total funds brought forward 380,307 TOTAL FUNDS CARRIED FORWARD 390,663 |
2019 Total funds £ 37,450 270 37,243 37,513 (63) 380,370 380,307 |
|---|---|
The notes form part of these financial statements
Page 3
The Mid Sussex Islamic Centre
Balance Sheet
31 July 2020
| 2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 371,243 CURRENT ASSETS Debtors 6 4,784 Cash at bank and in hand 16,354 21,138 CREDITORS Amounts falling due within one year 7 (1,718) NET CURRENT ASSETS 19,420 TOTAL ASSETS LESS CURRENT LIABILITIES 390,663 NET ASSETS 390,663 FUNDS 8 Unrestricted funds 390,663 TOTAL FUNDS 390,663 |
2019 Total funds £ 371,712 6,234 3,564 9,798 (1,203) 8,595 380,307 380,307 380,307 380,307 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Bashar - Trustee
............................................. A H Chowdhury - Trustee
The notes form part of these financial statements
Page 4
The Mid Sussex Islamic Centre
Notes to the Financial Statements for the Year Ended 31 July 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Taxation
The charity is exempt from 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.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Food & Provisions | 450 | 160 |
| Support costs | 2,015 | 110 |
| 2,465 | 270 |
Page 5
continued...
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 July 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 37,450 |
| EXPENDITURE ON | |
| Raising funds | 270 |
| Other | 37,243 |
| Total | 37,513 |
| NET INCOME/(EXPENDITURE) | (63) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 380,370 |
| TOTAL FUNDS CARRIED FORWARD | 380,307 |
5.
TANGIBLE FIXED ASSETS
| COST At 1 August 2019 and 31 July 2020 DEPRECIATION At 1 August 2019 Charge for year At 31 July 2020 NET BOOK VALUE At 31 July 2020 At 31 July 2019 |
Freehold property £ 369,835 - - - 369,835 369,835 |
Fixtures and fittings £ 17,853 16,032 455 16,487 1,366 1,821 |
Computer equipment £ 314 258 14 272 42 56 |
Totals £ 388,002 |
|---|---|---|---|---|
| 16,290 469 |
||||
| 16,759 | ||||
| 371,243 | ||||
| 371,712 |
Page 6
continued...
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 July 2020
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Tax Recoverable Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 8. MOVEMENT IN FUNDS At 1.8.19 £ Unrestricted funds General fund 380,307 TOTAL FUNDS 380,307 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 39,209 TOTAL FUNDS 39,209 Comparatives for movement in funds At 1.8.18 £ Unrestricted funds General fund 380,370 TOTAL FUNDS 380,370 |
2020 2019 £ £ 3,731 5,209 1,053 1,025 4,784 6,234 2020 2019 £ £ 698 183 1,020 1,020 1,718 1,203 Net movement At in funds 31.7.20 £ £ 10,356 390,663 10,356 390,663 Resources Movement expended in funds £ £ (28,853) 10,356 (28,853) 10,356 Net movement At in funds 31.7.19 £ £ (63) 380,307 (63) 380,307 |
|---|---|
continued...
Page 7
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued
for the Year Ended 31 July 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,450 | (37,513) | (63) |
| TOTAL FUNDS | 37,450 | (37,513) | (63) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.8.18 £ 380,370 380,370 |
Net movement in funds £ 10,293 10,293 |
At 31.7.20 £ 390,663 |
|---|---|---|---|
| 390,663 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 76,659 | (66,366) | 10,293 |
| TOTAL FUNDS | 76,659 | (66,366) | 10,293 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2020.
Page 8
The Mid Sussex Islamic Centre
Detailed Statement of Financial Activities for the Year Ended 31 July 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations Received | 15,636 | 22,045 |
| Friday Collections | 16,600 | 13,360 |
| Gift aid tax recoverable | 1,688 | 2,045 |
| Grants | 5,285 | - |
| 39,209 | 37,450 | |
| Total incoming resources | 39,209 | 37,450 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Food & Provisions | 450 | 160 |
| Other | ||
| Water Rates | 733 | 1,016 |
| Insurance | 899 | 1,060 |
| Light & Heat | 5,115 | 5,982 |
| Repairs to property | 1,110 | 4,509 |
| Wages | 17,982 | 22,004 |
| Telephone | 549 | 509 |
| 26,388 | 35,080 | |
| Support costs | ||
| Management | ||
| Postage and stationery | 25 | - |
| Advertising | - | 200 |
| Travel & motoring | (135) | 144 |
| (110) | 344 | |
| Finance | ||
| Bank charges | 158 | 215 |
| Fixtures and fittings | 455 | 607 |
| Computer equipment | 14 | 19 |
| 627 | 841 | |
| Other | ||
| Security expenses | 324 | - |
| Other 2 | ||
| Website costs | 130 | 110 |
| Governance costs | ||
| Accountancy and legal fees | 1,044 | 978 |
This page does not form part of the statutory financial statements
Page 9
The Mid Sussex Islamic Centre
| Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 July 2020 2020 2019 £ £ 28,853 37,513 10,356 (63) |
|---|---|
This page does not form part of the statutory financial statements
Page 10