REGISTERED CHARITY NUMBER: 1131150
Report of the Trustees and
Financial Statements for the Year Ended 31 July 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. 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 2021.
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 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 35,417 EXPENDITURE ON Raising funds 2 2,062 Other 26,178 Total 28,240 NET INCOME 7,177 RECONCILIATION OF FUNDS Total funds brought forward 390,663 TOTAL FUNDS CARRIED FORWARD 397,840 |
2020 Total funds £ 39,209 2,465 26,388 |
|---|---|
| 28,853 | |
| 10,356 380,307 |
|
| 390,663 |
The notes form part of these financial statements
Page 3
The Mid Sussex Islamic Centre
Balance Sheet
31 July 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 377,238 CURRENT ASSETS Debtors 6 5,357 Cash at bank and in hand 16,665 22,022 CREDITORS Amounts falling due within one year 7 (1,420) NET CURRENT ASSETS 20,602 TOTAL ASSETS LESS CURRENT LIABILITIES 397,840 NET ASSETS 397,840 FUNDS 8 Unrestricted funds 397,840 TOTAL FUNDS 397,840 |
2020 Total funds £ 371,243 4,784 16,354 21,138 (1,718) 19,420 390,663 390,663 390,663 390,663 |
|---|---|
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 2021
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 | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Food & Provisions | - | 450 |
| Support costs | 2,062 | 2,015 |
| 2,062 | 2,465 |
Page 5
continued...
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 39,209 |
| EXPENDITURE ON | |
| Raising funds | 2,465 |
| Other | 26,388 |
| Total | 28,853 |
| NET INCOME | 10,356 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 380,307 |
| TOTAL FUNDS CARRIED FORWARD | 390,663 |
5.
TANGIBLE FIXED ASSETS
| COST At 1 August 2020 Additions At 31 July 2021 DEPRECIATION At 1 August 2020 Charge for year At 31 July 2021 NET BOOK VALUE At 31 July 2021 At 31 July 2020 |
Freehold property £ 369,835 6,347 376,182 - - - 376,182 369,835 |
Fixtures and fittings £ 17,853 - 17,853 16,487 341 16,828 1,025 1,366 |
Computer equipment £ 314 - 314 272 11 283 31 42 |
Totals £ 388,002 6,347 |
|---|---|---|---|---|
| 394,349 | ||||
| 16,759 352 |
||||
| 17,111 | ||||
| 377,238 | ||||
| 371,243 |
Page 6
continued...
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Tax Recoverable Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 8. MOVEMENT IN FUNDS At 1.8.20 £ Unrestricted funds General fund 390,663 TOTAL FUNDS 390,663 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 35,417 TOTAL FUNDS 35,417 Comparatives for movement in funds At 1.8.19 £ Unrestricted funds General fund 380,307 TOTAL FUNDS 380,307 |
2021 2020 £ £ 4,281 3,731 1,076 1,053 5,357 4,784 2021 2020 £ £ 1 - 279 698 1,140 1,020 1,420 1,718 Net movement At in funds 31.7.21 £ £ 7,177 397,840 7,177 397,840 Resources Movement expended in funds £ £ (28,240) 7,177 (28,240) 7,177 Net movement At in funds 31.7.20 £ £ 10,356 390,663 10,356 390,663 |
|---|---|
continued...
Page 7
The Mid Sussex Islamic Centre
Notes to the Financial Statements - continued
for the Year Ended 31 July 2021
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 | 39,209 | (28,853) | 10,356 |
| TOTAL FUNDS | 39,209 | (28,853) | 10,356 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.8.19 £ 380,307 380,307 |
Net movement in funds £ 17,533 17,533 |
At 31.7.21 £ 397,840 |
|---|---|---|---|
| 397,840 |
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 | 74,626 | (57,093) | 17,533 |
| TOTAL FUNDS | 74,626 | (57,093) | 17,533 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
Page 8
The Mid Sussex Islamic Centre
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations Received | 16,814 | 15,636 |
| Friday Collections | 11,760 | 16,600 |
| Gift aid tax recoverable | 550 | 1,688 |
| Grants | 6,293 | 5,285 |
| 35,417 | 39,209 | |
| Total incoming resources | 35,417 | 39,209 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Food & Provisions | - | 450 |
| Other | ||
| Water Rates | 493 | 733 |
| Insurance | 1,053 | 899 |
| Light & Heat | 5,139 | 5,115 |
| Repairs to property | 1,460 | 1,110 |
| Wages | 17,745 | 17,982 |
| Telephone | 288 | 549 |
| 26,178 | 26,388 | |
| Support costs | ||
| Management | ||
| Postage and stationery | 65 | 25 |
| Sundries | 42 | - |
| Travel & motoring | - | (135) |
| 107 | (110) | |
| Finance | ||
| Bank charges | 163 | 158 |
| Fixtures and fittings | 341 | 455 |
| Computer equipment | 11 | 14 |
| 515 | 627 | |
| Other | ||
| Security expenses | - | 324 |
| Other 2 | ||
| Website costs | 150 | 130 |
| Governance costs | ||
| Accountancy and legal fees | 1,290 | 1,044 |
This page does not form part of the statutory financial statements
Page 9
The Mid Sussex Islamic Centre
| Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 July 2021 2021 2020 £ £ 28,240 28,853 7,177 10,356 |
Detailed Statement of Financial Activities for the Year Ended 31 July 2021 2021 2020 £ £ 28,240 28,853 7,177 10,356 |
|---|---|---|
| 28,853 | ||
| 10,356 |
This page does not form part of the statutory financial statements
Page 10