2023-04-30-accounts - Stockport Islamic Centre

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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 2023

STOCKPORT ISLAMIC CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] APRIL 2023

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 2023

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 2023. 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 2023 was 4.

Independent Examiner

Georgieffs Certified Public Accountants 39-41 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 2022/23.

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 £464,000.

Independent Examiner’s Report to the Trustees of Stockport Islamic Centre

I report on the accounts for the year ended 30[th] April 2023, 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 give 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 39-41 Chester Street Flint CH6 5BL

Date: 24/01/2024

STOCKPORT ISLAMIC CENTRE

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 30[TH] APRIL 2023

Income Administrative Expenses Profit on Ordinary Activities Taxation on ordinary activities Reserves Introduced prior to incorporation Retained during incorporation Revenue Reserve Account	2023 £ 76643 17785 58858 306177 455419 761596 820454	2022 £ 67177 19605
		47572 306177 407847
		714024
		761596

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 2023

£ 452199 12586	£ 396539 10876	2022 £ 357157 404439
464785 1488	407415 2976

		761596

		761596

For the year ending 30[th] April 2023 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 24[th] January 2024.

SIGNED ON BEHALF OF THE BOARD BY:

I A Khan Director

STOCKPORT ISLAMIC CENTRE

NOTES TO THE FINANCIAL STATEMENTS TO 30[TH] APRIL 2023

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 2023

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	£ 452199 12856 464785 £ 1488 1488 £ 761596 58858 820454

STOCKPORT ISLAMIC CENTRE

Detailed

Trading and Profit & Loss Account for the year ended 30[th] April 2023

£ Income Gross Profit Rent & Rates 1413 Light/Heat/Power 11823 Accountancy 1488 Professional Fees 0 Bank Charges 331 Maintenance 2730 Income in excess of expenditure	2023 £ £ 76643 76643 5650 10407 1488 1959 101 0 17785 58858	2022 £ 67177
		67177 19605
		47572