Registered Company Number 08050199 (England & Wales) Registered Charity Number 1148457 ## **STOCKPORT ISLAMIC CENTRE** Report of the Trustees and Unaudited Financial Statements for the year ended 30[th] April 2021 ## **STOCKPORT ISLAMIC CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] APRIL 2021** ## **INDEX** |1|Report of the Trustees| |---|---| |2|Independent Examiner’s Report| |3|Statement of Financial Activities| |4|Balance Sheet| |5|Notes to the Financial Statements| |6|Detailed Statement of Financial Activities| ## **STOCKPORT ISLAMIC CENTRE** ## **Report of the Trustees For the year ended 30[th] April 2021** The Trustees, who are also Directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30[th] April 2020. The Trustees have adopted the provision of the Statement of Recommended Practise (SORP) Accounting and Reporting by Charities. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number** 08050199 ## **Registered Charity Number** 1148457 ## **Registered Office** 2 to 2a Longshut Lane West Stockport SK2 6RX ## **Trustees** Mr Ikram Abbas Khan Mr Ghulam Abbas Mr Murtaza Khan Dr Abdul Ghafoor Mr Hukamdad Khan No Trustee has any beneficial interest in the shares of the Charitable Company. All Trustees are members of the Company and guarantee to contribute £1 in the event of winding up. The number of guarantees as at 30[th] April 2021 was 4. ## **Independent Examiner** Georgieffs Certified Public Accountants 41 Chester Street Flint CH6 5BL ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document** Stockport Islamic Centre is controlled by its governing document, a Memorandum and Articles of Association as incorporated on the 30[th] April 2012, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new Trustees** The charity presently has 4 directors. All directors of the company are also charity Trustees. Nominations for the position of director or Trustee are sought from individuals with an interest in the governance of the organisation. An initial discussion takes place with the interested party and the chair of the management committee. If suitable, individuals are then invited to the membership of the charity. All directors give their time voluntarily and received no benefits from the charity during 2020/21. ## **Organisational Structure** The Trustee board administers the charity. The board meets regularly throughout the year. A Chair of the Board is appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective operations the Chair of the Board has delegated authority for operational matters including finance, employment and programme related activity. ## **Risk Management** The Trustees have a duty to identify and review the risk to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurances against fraud and error. ## **OBJECTIVES & ACTIVITIES** ## **Objectives and aims** The aims of the charity are to provide a cultural centre and have qualified Aalmah teaching Tajweed classes and therefore increasing the pupils ability in both English and Urdu. In addition they have fun days and other community events. ## **FINANCIAL REVIEW** ## **Reserve Policy** At the year end the company had cash reserves in excess of £366,000. ## **Independent Examiner’s Report to the Trustees of Stockport Islamic Centre** I report on the accounts for the year ended 30[th] April 2021, set out on the pages at the end of this report. ## **Respective responsibilities of Trustees and Examiner** As the charity’s Trustees of the Company (who are also the directors of the company for the purpose of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions give by the Charity Commission (under Section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that accounting records were not kept in accordance with section 386 of the Companies Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. 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. T Jones Georgieffs Certified Public Accountants Finance House 41 Chester Street Flint CH6 5BL Date: 02/04/2022 ## **STOCKPORT ISLAMIC CENTRE** ## **PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 30[TH] APRIL 2021** |Income
Administrative Expenses
Profit on Ordinary Activities
Taxation on ordinary activities
**Reserves**
Introduced prior to incorporation
Retained during incorporation
Revenue Reserve Account|**2021**
**£**
37874
10496
27378
306177
380469
686646
714024|**2020**
**£**
79156
14202| |---|---|---| |||64954
306177
315515| |||621692| |||686646| All amounts relate to continuing operations There were no other gains or losses other than the profit for the year ## **STOCKPORT ISLAMIC CENTRE** ## **BALANCE SHEET AS AT 30[TH] APRIL 2021** |**FIXED ASSETS**
Property
**Current Assets**
Debtors
Cash at Bank
Cash in Hand
**Current Liabilities**
Due within one year
Trade Creditors
**Net Current Assets**
**Capital & Reserves**
Revenue Reserve Account|£
360988
5993|2021
£
357157
356867
714024
714024|£
0
252353
13622|2020
£
357157
264535| |---|---|---|---|---| ||366981
10114||265975
1440|| |||||| |||||621692| |||||| |||||686646| For the year ending 30[th] April 2021 the company was entitled to exemption from audit, in accordance with sections 477 of the Companies Act 2006 relating to small companies. 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 Companies Act with respect to accounting records and the preparation of the accounts. The Financial Statements were approved by the Board of Directors on the 2[nd] April 2022. SIGNED ON BEHALF OF THE BOARD BY: I A Khan Director ## **STOCKPORT ISLAMIC CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS TO 30[TH] APRIL 2021** ## **Accounting Policies** Basis of Accounting The financial statements have been prepared in accordance with the applicable accounting standards and under the historical cost accounting rules. ## **Depreciation** Depreciation is calculated to write off the cost or valuation of all fixed assets over their estimated useful lives, as follows Plant & Equipment 4 years Office Equipment 4 years ## **Cash Flow Statement** The company has taken advantage of the exemption provided by Financial Reporting Standard 1 and has not prepared a cash flow statement for the year ## **Other Operating Income** Other operating income represents the amount derived from the provision of services which fall within the company’s ordinary activities entirely within the United Kingdom ## **Operating Profit** Operating profit is stated after charging £ **Depreciation on tangible assets** 0 Amortisation of Goodwill 0 **Directors & Employees** Directors 4 Employees 0 **Interest Payable** Interest payable for the year 0 ## **Corporation Tax** The company’s corporation tax liability for the year amounts to £0 **Fixed Assets** £ Property 357157 ## **STOCKPORT ISLAMIC CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS TO 30[TH] APRIL 2021** |**Current Assets**
Cash in Bank
Cash in Hand
**CREDITORS – due within one year**
Trade Creditors & accruals
**Profit & Loss Account**
Retained profit brought forward
Retained profit for year
Retained profit carried forward|£
360988
5993
366981
£
10114
10114
£
686646
27378
714024| |---|---| ## **STOCKPORT ISLAMIC CENTRE** ## **Detailed** ## **Trading and Profit & Loss Account for the year ended 30[th] April 2021** |£
Income
Gross Profit
Rent & Rates
5650
Light/Heat/Power
3358
Accountancy
1488
Professional Fees
0
Donations
0
Maintenance
0
Income in excess of expenditure|2021
£
£
37874
37874
5050
3518
1536
2538
1470
90
10496
27378|2020
£
79156
79156
14202| |---|---|---| |||64954|