Registered number: 1143382
**GHOSIA MASJID AND TEACHING CENTRE DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
UK Tax Accountants 89 Jacobs Well Lane Wakefield WF1 3PB
**Ghosia Masjid and Teaching Centre Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2021**
## **Contents**
||**Page**|
|---|---|
|Company Information|2|
|Directors' Report|3|
|Accountants' Report|4|
|Income and Expenditure Account|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7—8|
|The following pages do not form part of the statutory accounts:||
|Detailed Income and Expenditure Account|9|
Page 1
**Ghosia Masjid and Teaching Centre Company Information For The Year Ended 31 March 2021**
|**Directors**|Mr Mohammed Mahmood|
|---|---|
||Mr Ali Shan|
||Mr Mohammed Bashir|
||Mr Syed Zahid Hussain Shah Bukhari|
|**Company Number**|1143382|
|**Registered Office**|Duke of York Street|
||Wakefield|
||WF1 3PD|
|**Accountants**|UK Tax Accountants|
||89 Jacobs Well Lane|
||Wakefield|
||WF1 3PB|
Page 2
## **Ghosia Masjid and Teaching Centre Company No. 1143382 Directors' Report For The Year Ended 31 March 2021**
The directors present their report and the financial statements for the year ended 31 March 2021.
## **Statement of Directors' Responsibilities**
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgments 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 company will continue in business.
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 financial statements 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.
## **Directors**
The directors who held office during the year were as follows: Mr Mohammed Mahmood Mr Ali Shan Mr Mohammed Bashir
Mr Syed Zahid Hussain Shah Bukhari
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
## **Mr Mohammed Mahmood**
Director
1st March 2022
Page 3
## **Ghosia Masjid and Teaching Centre Accountants' Report For The Year Ended 31 March 2021**
## **Report to the directors on the preparation of the unaudited statutory accounts of Ghosia Masjid and Teaching Centre For The Year Ended 31 March 2021**
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ghosia Masjid and Teaching Centre which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ghosia Masjid and Teaching Centre, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Ghosia Masjid and Teaching Centre and state those matters that we have agreed to state to the directors of Ghosia Masjid and Teaching Centre, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ghosia Masjid and Teaching Centre and its directors as a body for our work or for this report.
It is your duty to ensure that Ghosia Masjid and Teaching Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ghosia Masjid and Teaching Centre. You consider that Ghosia Masjid and Teaching Centre is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ghosia Masjid and Teaching Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
1st March 2022
UK Tax Accountants 89 Jacobs Well Lane Wakefield WF1 3PB
Page 4
## **Ghosia Masjid and Teaching Centre Income and Expenditure Account For The Year Ended 31 March 2021**
|**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT) FOR**
**THE FINANCIAL YEAR**|**2021**
**£**
37,253
37,253
(32,120)
20,482
25,615|**2020**
**£**
52,722|
|---|---|---|
|||52,722
(86,246)
-|
|||(33,524)|
The notes on pages 7 to 8 form part of these financial statements.
Page 5
## **Ghosia Masjid and Teaching Centre Balance Sheet As at 31 March 2021**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**3**
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2021**
**£**
**£**
619,768
619,768
44,426
44,426
44,426
664,194
664,194
664,194
664,194|**2021**
**£**
**£**
619,768
619,768
44,426
44,426
44,426
664,194
664,194
664,194
664,194|**2020**
**£**
**£**
620,610
620,610
17,969
17,969
17,969
638,579
638,579
638,579
638,579|**2020**
**£**
**£**
620,610
620,610
17,969
17,969
17,969
638,579
638,579
638,579
638,579|
|---|---|---|---|---|
|||619,768
44,426||620,610
17,969|
||44,426||17,969||
|||664,194||638,579|
|||664,194||638,579|
|||664,194||638,579|
|||664,194||638,579|
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors' responsibilities:**
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors 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 with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
## **Mr Mohammed Mahmood**
Director
1st March 2022
The notes on pages 7 to 8 form part of these financial statements.
Page 6
**Ghosia Masjid and Teaching Centre Notes to the Financial Statements For The Year Ended 31 March 2021**
## 1. **Accounting Policies**
## 1.1. **Basis of Preparation of Financial Statements**
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## 1.2. **Turnover**
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
## **Sale of goods**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
## **Rendering of services**
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
## 1.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|Freehold|0|
|---|---|
|Plant & Machinery|15|
|Fixtures & Fittings|15|
## 2. **Average Number of Employees**
Average number of employees, including directors, during the year was: 4 (2020: 3)
## 3. **Tangible Assets**
|**Cost**
As at 1 April 2020
As at 31 March 2021
**Depreciation**
As at 1 April 2020
Provided during the period
As at 31 March 2021
**Net Book Value**
As at 31 March 2021
As at 1 April 2020|**Land &**
**Property**
**Freehold**
**£**
615,000|**Fixtures &**
**Fittings**
**£**
18,000|**Total**
**£**
633,000|
|---|---|---|---|
||615,000|18,000|633,000|
||-
-|12,390
842|12,390
842|
||-|13,232|13,232|
||615,000|4,768|619,768|
||615,000|5,610|620,610|
## 4. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 7
## **Ghosia Masjid and Teaching Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2021**
## 5. **General Information**
Ghosia Masjid and Teaching Centre is a private company, limited by guarantee, incorporated in England & Wales, registered number 1143382. The registered office is Duke of York Street, Wakefield, WF1 3PD.
Page 8
## **Ghosia Masjid and Teaching Centre Detailed Income and Expenditure Account For The Year Ended 31 March 2021**
|**TURNOVER**
Donations and Collections
Rental income
**GROSS SURPLUS**
**Administrative Expenses**
Wages and salaries
Subcontractor costs
Health and safety costs
Rates
Light and heat
Water rates
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Legal fees
Professional fees
Depreciation of fixtures and fittings
Equipment expensed
**Other Operating Income**
Job retention scheme income
Other coronavirus grant income
**OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT) FOR**
**THE FINANCIAL YEAR**|**2021**
**£**
**£**
33,653
3,600
37,253
37,253
19,720
4,040
185
600
4,356
321
844
961
252
-
-
842
(1)
(32,120)
9,657
10,825
20,482
25,615|**2021**
**£**
**£**
33,653
3,600
37,253
37,253
19,720
4,040
185
600
4,356
321
844
961
252
-
-
842
(1)
(32,120)
9,657
10,825
20,482
25,615|**2020**
**£**
**£**
49,122
3,600
52,722
52,722
19,720
13,815
150
-
4,390
935
44,073
1,188
-
750
234
990
1
(86,246)
-
-
-
(33,524)|**2020**
**£**
**£**
49,122
3,600
52,722
52,722
19,720
13,815
150
-
4,390
935
44,073
1,188
-
750
234
990
1
(86,246)
-
-
-
(33,524)|
|---|---|---|---|---|
|||37,253
37,253
(32,120)
20,482||52,722
52,722
(86,246)
-|
||9,657
10,825||-
-||
||||||
|||25,615||(33,524)|
Page 9