Registered number 07087012 CHADWELL HEATH MUSLIM CENTRE LTD Report and Accounts 31 December 2021 ## **CHADWELL HEATH MUSLIM CENTRE LTD Report and accounts Contents** ||**Page**| |---|---| |Trustees and Advisors|1| |Trustees' report|2| |Accountants' report|3| |Income and Expenditure account|4| |Balance sheet|5| |Statement of changes in equity|6| |Notes to the accounts|7| ## **CHADWELL HEATH MUSLIM CENTRE LTD Company Information** ## **Trustee's & Directors** Mohammad Akhtar Hussain (Chairperson) Mahmudul Haque Shafi (Secretary) Furad Miah (Treasurer) Arif Khan Mazidur Rahman ## **Accountants** Capstone Accountants Unit-110, Greatorex Business Centre 8-10 Greatorex Street London E1 5NF ## **Registered office** 1041-1043 High Road Chadwell Heath Romford Essex RM6 4AU ## **Registered number** 07087012 ## **Charity Registered number** 1137176 1 ## **CHADWELL HEATH MUSLIM CENTRE LTD Registered number: 07087012 Trustee's/Directors' Report** The board of trustee's/Director's have pleasure in submitting report together with the financial statements for the year ended 31 December 2021. The financial statement has been prepared using the accounting policies set out in note 1 to the financial statements and comply with the charity’s recommended practice “SORP 2005” issued by the charity commission. ## **Trustee's/Directors** The following persons served as directors during the year: Mohammad Akhtar Hussain (Chairperson) Mahmudul Haque Shafi (Secretary) Furad Miah (Treasurer) Arif Khan Mazidur Rahman ## **Aims and Objective:** - Advanced education of the general public by provision of a bookshop/ Library. - To provide after school and weekend tuition. - Evening classes. - Foster better community relations through dialogue and seminars. - Draw on the talents and skills of individuals to meet challenge of living as responsible citizens. - Recreational and leisure activities. ## **Structure, Governance and Management:** The board of trustee's is the charity's governing body and is responsible for overall strategic direction and performance of the charity. The board has finance responsible person designated as board treasure who is responsible for all finance related Income and expenditure. As part of the board accountability and Transparency policy they change chair, secretary and Treasurer. The board has nominated responsible person for the next five years. Board has set up management committee as a volunteer and they are responsible for overall day to day management but they don't have any voting right. ## **Statement of Trustee's Responsibility:** • Company laws requires the Trustees to prepare financial statements for eachfinancial year that gives a true and fair view of the state of affairs of the company and of the incoming resources expended, including net income of the company for the year. In preparing those financial statements, the Trustee's are required to - Select suitable accounting policies and then apply them consistently. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare financial statement as on ongoing basis. 2 **CHADWELL HEATH MUSLIM CENTRE LTD Registered number: 07087012 Trustee's/Directors' Report** The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 14 September 2022 and signed on its behalf. Mohammad Akhtar Hussain Chairperson and trustee Mahmudul Haque Shafi Secretary and Trustee 3 ## **CHADWELL HEATH MUSLIM CENTRE LTD** ## **Accountants' Report** ## **Accountants' report to the directors of CHADWELL HEATH MUSLIM CENTRE LTD** You consider that the company is exempt from an audit for the year ended 31 December 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Capstone Accountants Unit-110, Greatorex Business Centre 8-10 Greatorex Street London E1 5NF 14 September 2022 4 ## **CHADWELL HEATH MUSLIM CENTRE LTD Profit and Loss Account for the year ended 31 December 2021** |**Incoming Resources**
Donations
Gift Aid
Other Income -Maktab
CJRS Grant
Local Council Support
Rental Income
**Total Incoming Resources**
**Resource expended**
**Profit Net Surplus/(Deficit) for the year**|Unrestricted
funds
31,212
-
15,950
1,366
-
3,200
51,728
(35,435)
16,293|Restricted
funds
-
-
-
-
-
-
-
-
-|**2021**
**£**
31,212
-
15,950
1,366
-
3,200
51,728
(35,435)
16,293|**2020**
**£**
16,149
3,643
15,591
13,149
10,000
3,200
61,732
(30,668)
31,064| |---|---|---|---|---| 5 ## **CHADWELL HEATH MUSLIM CENTRE LTD Registered number:** 07087012 **Balance Sheet as at 31 December 2021** |**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current liabilities**
**Total assets less current**
**liabilities**
**Net assets**
**Funds**
Other reserve
Unrestricted funds
**Shareholders' funds**|**2021**
**£**
329,500
329,500
24,992
24,992
(109,149)
(84,157)
245,343
245,343
171,206
74,137
245,343|**2020**
**£**
329,500
329,500
15,445
15,445
(115,895)
(100,450)
229,050
229,050
171,206
57,844
229,050| |---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |Mohammad Akhtar Hussain|Furad Miah| |---|---| |Chairperson|Treasurer| |Approved by the board on 14 September 2022|| 6 ## **CHADWELL HEATH MUSLIM CENTRE LTD Statement of Changes in Equity for the year ended 31 December 2021** |**At 1 January 2020**
Surplus for the financial year
**At 31 December 2020 as restated**
**At 1 January 2021**
Surplus for the financial year
Gain on revaluation of land and
buildings
Total comprehensive income for the
financial year
**At 31 December 2021**|**Share**
**capital**
**£**
-
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-
-
-|**Profit**
**and loss**
**account**
**£**
197,987
31,064
229,051
229,050
16,293
16,293
245,343|**Total**
**£**
197,987
31,064
229,051
229,050
16,293
-
16,293
245,343| |---|---|---|---|---|---| 7 **CHADWELL HEATH MUSLIM CENTRE LTD Notes to the Accounts for the year ended 31 December 2021** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |Freehold buildings|over 50 years| |---|---| |Leasehold land and buildings|over the lease term| |Plant and machinery|over 5 years| |Fixtures, fittings, tools and equipment|over 5 years| ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Cost**
At 1 January 2021
At 31 December 2021
**Net book value**
At 31 December 2021
At 31 December 2020
**4**
**Creditors: amounts falling due within one year**
Taxation and social security costs
Other creditors|**2021**
**Number**
4
**Land and**
**buildings**
**£**
329,500
329,500
329,500
329,500
**2021**
**£**
944
108,205
109,149|**2020**
**Number**
4
**Total**
**£**
329,500
329,500
329,500
329,500
**2020**
**£**
763
115,132
115,895| |---|---|---| 8 ## **CHADWELL HEATH MUSLIM CENTRE LTD Detailed Income and Expenditure Account for the year ended 31 December 2021** |**Incoming Resources**
Donation and Other
**Administrative expenses**
Employee costs:
Wages and salaries
Premises costs:
Rates
Water bill
Light and heat
General administrative expenses:
Telephone and fax
Event and activities
Printing, stationery and other office
Software
Repairs and maintenance
Legal and professional costs:
Accountancy fees
Other legal and professional|**2021**
**£**
51,728
51,728
22,120
22,120
324
566
2,399
3,289
484
450
150
62
7,179
9,041
885
100
985
35,435|**2020**
**£**
61,731
61,731
21,446
21,446
-
503
2,312
2,815
491
132
60
714
4,125
5,522
885
-
885
30,668| |---|---|---| 9