Company Registered number 07087012 Charity Registered number 1137176
## CHADWELL HEATH MUSLIM CENTRE LTD
## Report and Accounts
31 December 2023
## **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|
|Notes to the accounts|6|
## **CHADWELL HEATH MUSLIM CENTRE LTD Charity/Company Information**
## **Trustee's & Directors**
Mohammad Akhtar Hussain (Chairperson) Mahmudul Haque Shafi (Secretary) Furad Miah (Treasurer) Arif Khan Mazidur Rahman Asaduz Muhammad Jaman Meynul Haque
## **Accountants**
Capstone Accountants Unit-G.05 93-101 Greenfield Road London E1 1EJ
## **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 2023. 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/trustees 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:**
2
## **CHADWELL HEATH MUSLIM CENTRE LTD Registered number: 07087012**
## **Trustee's/Directors' Report**
"Trustees responsibilities in relation to the financial statements: The committee or Trustees are required by charity's law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial the end of that year.
In preparing those financial statements the Trustees are required to:
The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
This report was approved by the board on 25 September 2024 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**
We report on the accounts for the year ended 31 December 2023 have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements.
Respective Responsibilities of Trustees and Accountants
The trustees are responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
## Basis of Opinion
We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.
## Opinion
In our opinion:
(a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice - Accounting and Reporting by Charities;
(b) Having regard only to, and on the basis of, the information contained in those accounts:
(1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice - Accounting and Reporting by Charities, and
(2) The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act.
(3) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee.
Capstone Accountants Unit-G.05 93-101 Greenfield Road London E1 1EJ
25 September 2024
4
## **CHADWELL HEATH MUSLIM CENTRE LTD Profit and Loss Account for the year ended 31 December 2023**
|**Incoming Resources**
Donations
Gift Aid
Other Income -Maktab
**Total Incoming Resources**
**Resource expended**
**Profit Net Surplus/(Deficit) for the year**|Unrestricted
funds
31,624
5,679
15,250
52,553
(31,409)
21,144|Restricted
funds
-
-
-
-
-
-|**2023**
**£**
31,624
5,679
15,250
52,553
(31,409)
21,144|**2022**
**£**
27,994
9,191
14,150
51,335
(39,568)
11,767|
|---|---|---|---|---|
5
## **CHADWELL HEATH MUSLIM CENTRE LTD Registered number:** 07087012 **Balance Sheet as at 31 December 2023**
|**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
**Total funds**|**2023**
**£**
329,500
329,500
98,626
98,626
(149,872)
(51,246)
278,254
278,254
171,206
107,048
278,254|**2022**
**£**
329,500
329,500
39,068
39,068
(111,458)
(72,390)
257,110
257,110
171,206
85,904
257,110|
|---|---|---|
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 25 September 2024||
6
**CHADWELL HEATH MUSLIM CENTRE LTD Notes to the Accounts for the year ended 31 December 2023**
## **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 2023
At 31 December 2023
**Net book value**
At 31 December 2023
At 31 December 2022
**4**
**Creditors: amounts falling due within one year**
Taxation and social security costs
Other creditors|**2023**
**Number**
4
**Land and**
**buildings**
**£**
329,500
329,500
329,500
329,500
**2023**
**£**
1,057
148,815
149,872|**2022**
**Number**
4
**Total**
**£**
329,500
329,500
329,500
329,500
**2022**
**£**
1,057
110,401
111,458|
|---|---|---|
7
## **CHADWELL HEATH MUSLIM CENTRE LTD Detailed Income and Expenditure Account for the year ended 31 December 2023**
|**Incoming Resources**
Donation and Other
**Administrative expenses**
Employee costs:
Wages and salaries
Premises costs:
Rates
Light and heat
Cleaning
Water bill
General administrative expenses:
Telephone and fax
Bank charges
Insurance
Event and activities
Printing, stationery and other office
Software
Repairs and maintenance
Legal and professional costs:
Accountancy fees
Other legal and professional|**2023**
**£**
52,553
52,553
14,915
14,915
-
3,777
2,172
792
6,741
260
82
-
3,066
525
180
3,670
7,783
995
975
1,970
31,409|**2022**
**£**
51,335
51,335
22,849
22,849
697
3,138
-
473
4,308
417
91
664
503
575
657
1,889
4,796
995
6,620
7,615
39,568|
|---|---|---|
8