SOMERSTOWN MOSQUE LTD TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Charty Number 1133473 Company Number 06902223 MIRZA SHIPKOLYE AccouKfA Yr 89 LANGHAM ROAD LONDON N15 3LR
SOMERSTOWN MOSQUE LTD YEAR ENDED 31 MAY 2023 CONTENTS Page Legal and Administrdtive Infomation Report for Trustees Independent Examiner's Report io the Tnjstees Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-11
SOMERSTOWN MOSQUE LTD LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MAY 2023 Status The organisation is a registered charity and a company limited by guarantee Governlng Document The organisation is governed by memorandum of association" incorporated on I l May 2009 and the memorandum and articles were subsequently amended by resolution of members. The organisation was registered with the Charity Commission on 02 January 2010 1133473 Charlty Registratlon Number Company Llmltod By Guarantee Number 06902223 Reglstered Offlce 68 Churchway London NWI ILT Truslees Mr. Mr. Abdul Hannan Tarofdar Mr. Shah Newaz Ahmed Mr. Mohammed Abdul Malique Mr. Mohammed Salik Ahmed Mr. Mohibur Rahman Mr. Mohammed Monirul Haque Mr. Abdul Hafij Mr. Mohammed Abdul Mutakabbir Mr. Mohammed Muhibur Rahman Mr. Rippon Khan Officers Mr Abdul Hannan Tarofdar, Chair Company Secretary Mr Shah Newaz Ahmed Bankers HSBC Ltd & Metro Bank
SOMERSTOWN MOSQUE LTD REPORT FOR THE TRUSTEES YEAR ENDED 31 MAY 2023 The tSteeS present their Annual Report along with the Financial Statements for the year ended 31 May 2023 Structureg governance and management Trustee Board - membership and appolntment Tralnlng and Inductlon
SOMERSTOWN MOSQUE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOMERSTOWN MOSQUE LTD YEAR ENDED 31 MAY 2023 I report on the accounts of the company for the year ended 31 May 2023 which are set out on pages 9 to 15. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMIINER The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the company is not subjert to audit under company law and is eligible for independent examination, it is my responsibility to-. examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and . to stste whethw particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My cxamination was ¢arried out in accordance with thc general Directions given by the Charity Commission. An cxaminalion includes a revi¢w of Ihe accounting records kept by the ¢ompany and a comparison of the accounts pr¢sent¢d with those records. It also includes consideration of any unusual items or disclosurcs in the accounis, and seeking cxplanaiions from you as irustecs concerning any such maitcrs. Thc procedures undertaken do not provide all the evidenc¢ that would be required in an audit and consequently no opinion is given as to wheiher the accounts present a 'true and fair view, and the rcport fts limited lo those matters sei out ID the statement b¢low INDEPENDENT EXAMINER'S STATEMENI T In connection with my examination. no matter has com¢ to my attention.. {1 ) Which gives me re&50nable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of s¢ction 396 of the Companies Act 2(K)6 and with the methods and principl¢s of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met. or (2) to which. in my opinion, attention should be drawn in order to enable a properunderstanding of the accounts to be Mirza Shipkolye Accountant 89 Langham Road. London N15 3LR Dated:27 October 2023.
SOMERSTOWN MOSQUE LTD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MAY 2023 Unrestrieted Restrleted Funds Funds Total Funds 2023 Total Funds 2022 1cOmE FROM Donations & legacies Income from charitable activilies Investm¢nt income 000 000 76.230 000 70,180 000 70,180 000 TOTAL INCOME 70,180 70,180 76,230 EXPENDITURE ON Chantdbl¢ activities (36.100) {36.100) (33,943) TOTAL EXPENDITURE NET ILYCOME IEXPENDITURE FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD {36,100) (36.100) (33.943) 34,079 34,079 42,287 467,954 467,954 425,667 502,033 502,033 467,954 The Statement of financial activities includes all gains and losses in the year. All of the above amounts relate to continuing activities. Th• not•s on pag•s fj to 11 forni part of thèse financlal statem•nts.
SOMERSTOWN MOSQUE LTD BALANCE SHEET Company No 06902223 YEAR ENDED 31 MAY 2023 2023 Mot• 2022 FIXED ASSETS Tangible Fixed assets CURRENT ASSETS Debtors C&sh at Bank and in Hand 1.240.506 1,240,506 000 72,981 72,981 000 107,001 107,001 CREDITORS: Amounts fglling due more one year (J83299) (J98,524) ET CURRENT ASSETS {IIOJ18) (91.523) NET ASSETSI(LIABILITIES) 1,130,188 1,148,983 CHARITY FUNDS Unrestricted Funds General Designated 628,155 681,029 502,033 467,954 TOTAL FUNDS 1,130.188 1,148.983 For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities.. The m¢mbers have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance wilh the provisions applicable to companies subject to the small companies. regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015). These financial statements were approved by the trustees on 23 July 2023 and signed on its behalf by.. Mr Abdul Hannan Tarofdar, ChairlDirector Mr Mohammed Abdul Malique, TreasurerlDirector Th• not•s on pag•# 6 to 11 lomi part of th•se flnanclal statem•nts.
SOMERSTOWN MOSQUE LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2023 ACCOULNTING POLICIES: Basis of accounting Thc financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended PrdCtic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Expendlture Expenditure is recognis¢d once there is a legal or constructive obligaiion to make payment to a third party, it is probable thai settlemeni will be required and the amount of the obligation can b¢ measured reliably. All exp¢nditure is accounted for on an accruals basi5 Depreciation and Dimunltlon of As5etS Tangible fixed asset5 are stated ai cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assels. less their estimated residual value, over their expected useful lives on th¢ following bases: Office equipment (except for IT equipment) 15 0/0 per annum on cost . General funds CJeneral funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of Camden Mediation and which have not been designated for other purposes. Designated funds 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. Reslricted funds Restricted funds are grants, donations and other incoming resources which are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Governance Costs Governance cost5 include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linkcd to the Strate management of the charity.
SOMERSTOWN MOSQUE LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2023 ACCOUNTING POLICIES (continued) Debtors Trade and other debtors are recognised at the settlem¢nt amount due after any trade discounts offered. Prepayments are valued at the Hmount prepaid after taking account of any trade discounts due Glfts In Klnd The chariiy receives the benefit of work carried out by volunteers which is not costly 2. INCOME FROM CHARITABLE ACTIVITIES: Unrestrleted Restrlcted Total Funds Total Funds Funds Funds 2023 2022 Contrdcted Services and Fees Other Income 70.180 000 70.180 000 76.230 00 70,180 70,180 76,230 3. INVESTMEI¥4T INCOME: Unrestrieted Tot41 Funds Total Funds Fund5 2023 2022 Bank tnterest Received 00 000 00 000 000 000 4. COSTS OF CHAIUTABLE ACTIVITIES: Total Funds 2023 Total Funds 2022 Charitable Activity Governance 36.101 000 33,947 000 36,101 33.947
SOMERSTOWN MOSQUE LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2023 4a. CHARITABLE ACTIVITY: 2023 2022 Salaries Recruitment Staff Training and Supervision Tarawee Exp Translation Fees Advertising and Marketing Volunteer Expenses Staff Travel Rent and Rates Utilities Cleaning Security Building Repairs and Maintenance Printing, Publicity & Stationery Postage Tel¢phone and Fax Equipmcnt Maintenance & Repair Computer Expenses Premises Costs and Room Hire Insurance Legal & Professional Bank charges l OJ65 000 000 4,170 000 000 6,270 000 000 10,017 000 000 3,300 000 000 6.270 000 4,254 3.930 000 000 4.976 000 0000 191 0000 000 000 839 000 166 6,105 000 00 8.028 000 000 435 000 000 000 562 000 166 36,101 33,943 4b. GoVERANCE. Total Funds 2023 Total Funds 2022 Independent Examination Administrative Expenses Companies House Filing Fee Bank Charges 600 00 000 000 600 000 000 00 600 600
SOMERSTOWN MOSQUE LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2023 . STAFF COSTS AND TRUSTEES REh'UMERATION.. Staff costs during the year wa$ 2023 2022 Wages and Salaries Social Security Costs IOJ65 000 10,017 000 IOJ65 10,017 No members of staff were in receipt of emoluments of more than £60,000 during the year. The average number of full time employees was l {2023 - 1) No trustee received any remuneration in respect of their services as a trns*e during either the current or comparative year. 6. DEBTORS.. 2023 2022 Trade Debtors Prepayments 000 000 000 000 000 000 7. CREDITORS: Amounts falling due Ivlthln one year 2023 2022 Khase Hassana PAYE & NI Deferred Income Other Creditors 183,299 000 000 000 198,524 000 000 000 183,299 . SUMMARY OF NET ASSETS BETWEEN FUIIDS: 198,524 Unrestricted Restricted Total Funds Total Funds Fullds Funds 2023 2022 Fixed Assets Net Current Assets 1,240,506 {IIOJ18) 1,130.188 000 1,240,506 1,240.506 (IIOJ18) (91,523) OIM) 1,130,188 1.148,983