## **Charity Registration Number 1138716** **KNIGHTON COMMUNITY & EDUCATION CENTRE FINANCIAL STATEMENTS To 31/08/2022** ## **FINANCIAL STATEMENTS** Period to 31 August 2022 |**CONTENTS**|**PAGE**| |---|---| |Trustees Annual Report|**2**| |Independent Examiners report|**5**| |Receipts & Payments Account|**6**| |Statement of Assets & Liabilities|**7**| |Notes to the financial statements|**8**| 1 ## **KNIGHTON COMMUNITY & EDUCATION CENTRE TRUSTEES ANNUAL REPORT PERIOD TO 31 AUGUST 2022** The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the period to 31 August 2022. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered charity name** Knighton Community & Education Centre **Charity registration number** 1138716 **Registered office** 34 Fredrick Road, Leicester, LE5 3HE ## **THE TRUSTEES** The trustees who served the charity during the period were as follows: MR. ZAHIR BUDY MR. SALIM BHANA MR. SYED KABIR UDDIN ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Knighton Community & Education Centre is a registered charity governed by its trust deed signed on the 25[th] of October 2010. The charity was registered with the Charity Commission of England and Wales on 01[st] November 2010. ## **OBJECTIVES AND ACTIVITIES** The objectives of the organisation, as set out in its governing document are: - (i) To advance the education of the public by means of, but not exclusively, the provision of language classes, facilities for supplementary education, community learning programmes and any such activities as the trustees think fit; - (ii) To relieve financial hardship, distress and suffering among poor people, orphans, victims of natural disasters and other people in need, by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, water, clothing, medical treatment, rehabilitation, and accommodation for the said persons; - (iii) To advance the religion of Islam, by any means thought fit by the trustees; - (iv) To promote any other charitable purpose for the benefit of those in need that the trustees from time to time determine. ## **ACHIEVEMENTS AND PERFORMANCE** The charity serves the needs of the public by regularly catering for over 90 Muslim worshipers during daily prayers and Friday congregations. It also provided a facility for Muslims to participate in the Ramadhan festival by providing Taraweeh facilities. It also caters for religious needs of 60 children during the daily Madrassa classes. During the period, the charity enhanced its facilities to modernise it and make it comfortable for the attendees. 2 ## **KNIGHTON COMMUNITY & EDUCATION CENTRE TRUSTEES ANNUAL REPORT (CONTINUED) PERIOD TO 31 AUGUST 2022** ## **FINANCIAL REVIEW** The charity relies upon the generosity of the public, students and worshipers. Currently, the financial needs of the charity have been met by appeals from the public and from donations of parents of children who attend the educational classes provided. The charity had an income for the period of £81,305 (12 months) compared to prior year income of £132,478 (17 months). This included donation and madrassa contributions. In addition to the donations, the trustees raised interest-free loans of £121,224 to purchase a freehold property to raise funds. The total expenditure for the period was £71,635 (12 months) compared to prior year of £113,460 (17 months). The surplus of £9,670 was added to the reserves of the charity. The charity had £60,782 in unrestricted reserves including the property asset. The reserves policy for the trustees is to retain 3 months of core fixed costs, which is currently £5,000. The remainder of the reserves will be for charitable purposes and income generation purposes. ## **PLANS FOR FUTURE PERIODS** The charity intends to continue providing a place for education and prayer. The charity also intends to liaise with local residents on their needs so that steps can be taken to meet them. The charity relies heavily on volunteers and it aims to establish more community services by securing volunteers to help. ## **PUBLIC BENEFIT** The charity provides religious services for Muslims so that they can practise their faith and develop more spirituality and connection with God. The charity also provided benefits to 65 children in education, which included language classes in Arabic. This has helped to advance education of the children and the charity is now an established place for meeting the educational and religious needs of local public. The trustees have given consideration to the public benefit requirements and guidance of the Charity commission and can confirm that they are meeting these requirements for the benefit of the public. ## **INDEPENDENT EXAMINATION** The Trustees require an independent examination of the accounts as the charity’s income is above £25,000. The Trustees have appointed Mr. Muhammad F Suleman as the Independent Examiner. ## **RESPONSIBILITIES OF THE TRUSTEES** The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law 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 estimates that are reasonable and prudent; KNIGHTON COMMUNITY & EDUCATION CENTRL TRUSTEES ANNUAL REPORT (CONTINUED) PERIOD TO 31 AUGUST 2022 state whether applicable a¢coutttll￿ standards have been follow￿ subject to any malerial departures th'sclosed and explained in the fllwicial statements. prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the charity will conts'nue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that th¢ fmancial statements covnply with the Chartties Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trnstees are also restM)nsible for safeguarding the assets of the charity and hence for takmg Tea50t]able steps for tbe prevention and detection of fraud and other wregularities. Signed on behalf of the tru5te¢s Mr Syed Kabir Uddin Tn￿tee Date.. 3010612023 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KNIGHTON COMMUNITY & EDUCATION CENTRE YEAR ENDED 31 AUGUST 2022** I report on the accounts of the charity for the year ended 31 AUGUST 2022 set out on pages 6 to 9. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **INDEPENDENT EXAMINER'S STATEMENT** In connection with my examination, no material matters have come to my which gives me cause to believe that in, any material respect,: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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 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. ## _MSuleman 30/06/2023_ Muhammad F Suleman Independent examiner 398A East Park Road Leicester LE5 5HH 5 ## **STATEMENT OF FINANCIAL ACTIVITIES (SOFA) KNIGHTON COMMUNITY & EDUCATION CENTRE Charity Registration Number 1138716** ## **PERIOD TO 31[st ] AUGUST 2022** ||**Notes**|**Restricted**|**Unrestricted**|**Total Funds**|**_Funds_**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**2022**|**_2021_**| |||**£**|**£**|**£**|**_£_**| |**INCOMING RESOURCES**|||||| |Incoming resources from|||||| |generating funds:|||||| |Voluntary Income|**3**||**51,993**|**51,993**|**110,634**| |Incoming resources from|||||| |charitable activities|**4**||**29,312**|**29,312**|**21,844**| |**TOTAL INCOMING RESOURCES**|||**81,305**|**81,305**|**132,478**| |**RESOURCES EXPENDED**|||||| |Charitable Activities|**5**||**70,735**|**70,735**|**112,640**| |Governance Costs|||**900**|**900**|**900**| |**TOTAL RESOURCES EXPENDED**|||**71,635**|**71,635**|**113,540**| |**NET INCOMING RESOURCES**|||||| |**FOR THE YEAR**|||**9,670**|**9,670**|**18,938**| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward|||**51,112**|**51,112**|**32,174**| |**TOTAL FUNDS CARRIED**|||||| |**FORWARD**|||**60,782**|**60,782**|**51,112**| The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. 6 BALANCE SHEET KNIGITfoN COMMUNITY & EDUCATION CENfRE Cl•rity Re¥istrA￿￿ N¥Hbber 1138716 PERIOD TO 31"AUGUST 2022 IYot&s Total 21Y22 T¢)ta12021 FIXED ASSETS Freehold Property 185.IM6 CURRENT ASSETS Cash at Bank & in hand 7296 65,71MJ Debtors Total CuTrent Assets 12296 711,700 CREDfTORS Amount falling due wrthin l year 15?36 19,588 NET CURRENT ASSETS {3JMO) 51,112 TOTAL ASSETS LESS CUIiREwr LIABILITES Sl,112 CREDrroRS Amount fallm8 due after l year 121324 NET ASSKTS 6￿782 51.112 FUNDS Restricted In¢om¢ Fwids Unrestricted Income fimds 60,782 51.112 Swied on behalf of the bl￿ee$ Syed Kabir Uddin TnLSte¢ ## **NOTES TO THE FINANCIAL STATEMENTS KNIGHTON COMMUNITY & EDUCATION CENTRE Charity Registration Number:1138716** ## _**1.Basis of accounting**_ These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); and with Financial Reporting Standards for Smaller Enterprises (FRSSE) and with the Charities Act ## _**2.Financial Period**_ The financial period begins on the 1[st] of September 2021 and finishes on the 31[st] August 2022. ## **3.Incoming resources from generating funds** **£** Voluntary Income - Donations 51,993 **Total 51,993** ## **4.Incoming resources from charitable activities** **4.Incoming resources from charitable activities £** Madrassah Contributions 29,312 **Total 29,312** ## **5.Resources Expended** ## **Charitable Activities** ## **£** Electricity (1,659) Internet (361) Rates (676) Rent & Service Costs (12,559) Teachers & Lecturers Salaries (45,834) Telephone (336) Printing (500) Water Rates (635) Legal Fees (674) Property Refurbishment 2a Keble Road (7,500) **Total (70,735)** ## **6. Fixed Assets** ## **Freehold Property** **As at 30/09/2021 -** Additions £185,046 **At 30/09/2022 £185,046** 8 ## **7.Debtors** *Property Deposit for 28a Central Avenue £5,000 **Total £5,000** * A property deposit was given for 28a Central Avenue, Wigston, LE18 2AA for the premises to establish a permanent place for the charity, however, despite having the D1 permission as a former nursery, the local authority indicated restrictions in opening times and therefore this was not pursued. The deposit is still payable by the owner and the charity is in the process of recovering it from them. ## **8.Creditors** Rent £12,336 Accountancy fees £1,800 ADCB £1,200 **======= Total £22,836** ## **9. Creditors – due after 1 year** Interest-free Loans Balance b/f £4,000 Additions £121,244 Repayments (£4,000) ________ Balance c/f £121,224 ## **10.Trustee Payments** For the period the following Trustees received remuneration for professional teaching services rendered to the charity: Z Budy (trustee) £5,526 Wife of Z Budy Mrs. Zakera Budy £4,187 9