REGISTERED CHARITY NUMBER: 1138795
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2023
for
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Contents of the Financial Statements FOR THE YEAR ENDED 31 JANUARY 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Report of the Trustees FOR THE YEAR ENDED 31 JANUARY 2023
The trustees present their report with the financial statements of the charity for the year ended 31 January 2023. 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
Objectives and aims
The objective of the trust as set out in the governing document is to promote the advancement of the religion of Islam.
Significant activities
The charity provides facilities for the public to conduct daily prayers, education, burial, marriage and other community functions.
Income received is from voluntary donations and investment income.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity provides a place of worship and education and training.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds equivalent to 12 months expenditure to cover management and support costs.
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
1138795
Principal address
103-105 St Pauls Road Preston Lancashire PR1 1UH
Trustees
N Mohammed W Younus A Dad (appointed 11/2/24) Z Zafar (appointed 25/2/23)
Independent Examiner
Shamim Mahomed SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Page 1
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Report of the Trustees FOR THE YEAR ENDED 31 JANUARY 2023
Approved by order of the board of trustees on 29 July 2024 and signed on its behalf by:
W Younus - Trustee
Page 2
Independent Examiner's Report to the Trustees of Hanfi Sunni Muslim Circle - Raza Masjid
Independent examiner's report to the trustees of Hanfi Sunni Muslim Circle - Raza Masjid
I report to the charity trustees on my examination of the accounts of Hanfi Sunni Muslim Circle - Raza Masjid (the Trust) for the year ended 31 January 2023.
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.
Shamim Mahomed
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
29 July 2024
Page 3
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Statement of Financial Activities FOR THE YEAR ENDED 31 JANUARY 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Support costs NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted fund £ 98,483 16,000 114,483 75,964 38,519 1,505,810 1,544,329 |
2022 Total funds £ 83,759 14,300 |
|---|---|---|
| 98,059 | ||
| 82,405 | ||
| 15,654 1,490,156 |
||
| 1,505,810 |
The notes form part of these financial statements
Page 4
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Balance Sheet 31 JANUARY 2023
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2023 Unrestricted fund £ 1,281,387 10,914 256,362 267,276 (4,334) 262,942 1,544,329 1,544,329 1,544,329 1,544,329 |
2022 Total funds £ 1,281,557 5,000 223,609 228,609 (4,356) 224,253 1,505,810 1,505,810 1,505,810 1,505,810 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 July 2024 and were signed on its behalf by:
W Younus - Trustee
The notes form part of these financial statements
Page 5
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Notes to the Financial Statements FOR THE YEAR ENDED 31 JANUARY 2023
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.
Fixtures and Fittings - 25% Reducing Balance Land and Buildings Freehold - Not Provided
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JANUARY 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Rents received | 16,000 | 14,300 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Average number of employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Support costs NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 1 |
2022 1 Unrestricted fund £ 83,759 14,300 |
|---|---|---|
| 98,059 | ||
| 82,405 | ||
| 15,654 1,490,156 |
||
| 1,505,810 |
continued...
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HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JANUARY 2023
6. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 February 2022 and 31 January 2023 1,280,880 DEPRECIATION At 1 February 2022 - Charge for year - At 31 January 2023 - NET BOOK VALUE At 31 January 2023 1,280,880 At 31 January 2022 1,280,880 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 9. MOVEMENT IN FUNDS At 1/2/22 £ Unrestricted funds General fund 1,505,810 TOTAL FUNDS 1,505,810 |
|
|---|---|
continued...
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HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JANUARY 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 114,483 TOTAL FUNDS 114,483 Comparatives for movement in funds At 1/2/21 £ Unrestricted funds General fund 1,490,156 TOTAL FUNDS 1,490,156 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,059 TOTAL FUNDS 98,059 |
Resources expended £ (75,964) (75,964) Net movement in funds £ 15,654 15,654 Resources expended £ (82,405) (82,405) |
Movement in funds £ 38,519 38,519 At 31/1/22 £ 1,505,810 |
Movement in funds £ 38,519 38,519 At 31/1/22 £ 1,505,810 |
|
|---|---|---|---|---|
| 1,505,810 | ||||
| Movement in funds £ 15,654 15,654 |
||||
| 15,654 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/2/21 £ 1,490,156 1,490,156 |
Net movement in funds £ 54,173 54,173 |
At 31/1/23 £ 1,544,329 |
|---|---|---|---|
| 1,544,329 |
continued...
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HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JANUARY 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 212,542 212,542 |
Resources Movement expended in funds £ £ (158,369) 54,173 (158,369) 54,173 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
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HANFI SUNNI MUSLIM CIRCLE - RAZA MASJID
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JANUARY 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Sundry Income Investment income Rents received Total incoming resources EXPENDITURE Charitable activities Purchases Support costs Management Wages Pensions Rent, Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs and Maintenance Fixtures and fittings Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2023 £ 2 98,198 283 98,483 16,000 114,483 95 34,029 275 3,489 3,302 11,838 690 662 3,645 16,128 169 74,227 90 1,552 75,964 38,519 |
2022 £ 1 77,113 6,645 |
|---|---|---|
| 83,759 14,300 |
||
| 98,059 977 11,393 205 8,447 2,603 5,435 950 450 1,140 49,050 226 |
||
| 79,899 - 1,529 |
||
| 82,405 | ||
| 15,654 |
This page does not form part of the statutory financial statements
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