CORBY MUSLIM ASSOCIATION
(A Non-profit Charitable Organisation)
REPORT AND FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 30TH APRIL 2022
Registered Charity Number: 1148796
TRUSTEES' REPORT
(A Non-profit Charitable Organisation)
INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 30TH APRIL 2022
| CONTENTS | Pages |
|---|---|
| Trustees Report | 1-4 |
| Accountant's Report | 5 |
| Income and Expenditure Account | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-11 |
CORBY MUSLIM ASSOCIATION
TRUSTEES' REPORT
YEAR ENDED 30TH APRIL 2022
The Trustees' present their report and the financial statements for the year ended 30 April 2022.
Reference and Administrative Information
Charity Name: Corby Muslim Association Charity Number: 1148796 Registered Office: 22 Parkside, Ecton Brook, Northampton Northamptonshire, NN3 5EW Accountants Taj Accountants 69 Vallance Road London, UK E1 5BS Bankers: Barclays Bank Plc 1 Churchill Place London E14 5HP
Members of the Management Committee
The following served as charity trustees during the year and up to the date of this report:
Amir Ali Ayna Chaudhury Mohammed Samir Miah P Sadik Chaudhury
Structure, Governance and Management
Governing Document
Corby Muslim Association is a non- profitable charity organisation, which is governed by its constitution on 29th August 2012. It is registered as a charity with the Charity Commission on 03rd September 2012 .
Appointment of trustees
The constitution of the Company govern the appointment of trustees.
All Members of the Management Committee give their time voluntarily and receive no benefits from the charity.
1
CORBY MUSLIM ASSOCIATION TRUSTEES' REPORT (Continued) YEAR ENDED 30TH APRIL 2022
Trustee Induction and Training
New Trustees are invited to an initial meeting with the Manager to gain an understanding of the aims and objectives of the organisation and the various services provided. An induction evening is then held when they can meet members of the Management Committee. A skills audit is undertaken to identify any training required to enable them to fulfil their obligations to the charity.
The Trustees are provided with a trustee induction manual, information pack about the Charity, including financial statements, minutes of the previous meetings.
Organisational Structure
The Charity is managed by an Executive Committee and it is responsible for the ultimate performance of the Charity. Members meet monthly and receive a financial review every three months.
Objectives and Activities
The principal activities and objectives of the Charity are to facilitate for the people of Corby to conduct all religious and social activities in accordance with the Holy Qur'an and Sunnah.
2
CORBY MUSLIM ASSOCIATION
TRUSTEES' REPORT (Continued)
YEAR ENDED 30TH APRIL 2022
Financial Review
The Charity's reserves as at 30 April 2022 total £400,554 which will be used for the purposes on which the funds were provided for.
The Organisation has a net surplus for the current year of £31,037 .
Principal Funding Sources
The principal funding sources for the charity are currently donation and voluntary income from the public. The Charity will continue to seek funding from other agencies in order to maintain its charitable activities.
Public Benefit
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit and that the activities carried out by the charity during the year were all undertaken in order to further the charity's aims for the benefit of the charity's beneficiaries. Our services meet the needs of a Corby Muslim community ranging from children and families to older people.
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CORBY MUSLIM ASSOCIATION
TRUSTEES' REPORT
YEAR ENDED 30TH APRIL 2022
Responsibilities of the Trustees
Financial Act 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 company and of the surplus or deficit of the Company for that period. In preparing those financial statements, the management committee is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on going concern basis unless it is inappropriate to presume that the Charity will continue.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company. 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.
Members of the Management Committee
Members of the Management Committee, who are trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
As the Charity trustee, we certify that:
- as far as we are aware, there is no relevant audit information of which the orgainsation accountants are unaware; and - as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity accountants are aware of that information.
Independent Examiner
Taj Accountants Ltd have expressed their willingness to act as the independent examiner for the Charity.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005).
Approved by the Trustees on 23 February 2023 and signed on the Management Committee's behalf by:
....................................................................
Prince Sadik Ibn Kasa-Ur- Raja Chaudhury Trustee
4
CORBY MUSLIM ASSOCIATION
ACCOUNTANT'S REPORT TO THE MEMBERS OF CORBY MUSLIM ASSOCIATION
I report on the accounts for the year ended 30 April 2022 set out on pages 6 to 11.
Respective responsibilities of trustees and accountants
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 43 of the 1993 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the 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 you as 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 statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 1993 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Taj Accountants 69 Vallance Road London UK E1 5BS
Date: .............................................
5
CORBY MUSLIM ASSOCIATION
- (A Non profit Charitable Organisation)
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30TH APRIL 2022
| Notes Incoming resources Incoming resources from generated funds Voluntary income: Donations and Other income 2 Total incoming resources Resources expended Charitable activities Governance costs Total resources expended 3 Net incoming resources before transfer Gross transfers between funds Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
2022 2021 £ £ 45,863 62,757 |
|---|---|
| 45,863 **62,757 ** |
|
| 14,826 20,472 |
|
| 14,826 **20,472 ** |
|
| 31,037 42,285 - - |
|
| 31,037 42,285 369,516 327,231 |
|
| 400,553 **369,516 ** |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
6
CORBY MUSLIM ASSOCIATION
(A Non-profit Charitable Organisation)
Registered Charity Number: 1148796
BALANCE SHEET
AS AT 30 April 2022
| Notes Tangible Fixed Assets 5 Current Assets Debtors 6 Petty cash Cash at Bank and in Hand Current Liabilities: Creditors 7 Current Assets Less Current Liabilities Total Assets Less Current Liabilities Long Term Liabilities Loan 8 Net Assets General Funds Unrestricted Funds (General Reserve) 9 |
£ £ 2022 |
£ £ 2022 |
2021 £ £ 220,696 - 164,501 164,501 1,679 ) ( 162,822 383,518 14,000 ) ( 369,518 369,516 369,516 **369,516 ** |
2021 £ £ 220,696 - 164,501 164,501 1,679 ) ( 162,822 383,518 14,000 ) ( 369,518 369,516 369,516 **369,516 ** |
|---|---|---|---|---|
| 282,507 - 82 ) ( 135,941 135,859 |
||||
| 3,811 ) ( 132,048 414,555 14,000 ) ( 400,555 400,554 400,554 **400,554 ** |
||||
| **400,555 ** | **369,518 ** | |||
| 400,554 | 369,516 | |||
| **400,554 ** | **369,516 ** |
The Trustees confirm that, for the financial year ended 30th April 2022 the company has complied with the requirements of the Charity Acts with respect to accounting records; and has prepared financial statements which give a true and fair view of the state of affairs of the Charity as at the end of the financial period.
These financial statements were approved by the Trustees on 23 February 2023 and signed on 23 February 2023 the Management Committee's behalf by:
............................................................... Prince Sadik Ibn Kasa-Ur- Raja Chaudhury Trustee
The notes on pages 8-11 form part of these financial statements
7
CORBY MUSLIM ASSOCIATION NOTES TO THE ACCOUNTS
YEAR ENDED 30TH APRIL 2022
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of accounting
These financial statements have been prepared under the historical cost convention and in the accordance with applicable accounting standards, the Companies Act 2006, the Charities Act 1993 and the Statement of Recommended Practice : Accounting and Reporting by Charities issued in March 2005.
(b) Fund accounting
- Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
(c) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- Voluntary income received by the way of donations and gifts is included in full in the income and expenditure account when received.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure in which it relates:
-
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
-
Governance costs include those costs associated with attracting voluntary income and the costs of fundraising activities requirements of the charity.
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CORBY MUSLIM ASSOCIATION NOTES TO THE ACCOUNTS
YEAR ENDED 30TH APRIL 2022
2 Accounting Policies
Income
Voluntary income and donations are accounted for as received by the charity. No permanent endowments have been received in the period.
| Donations Total Resources Expended Costs allocated to Charitable activities Accountancy Fees Wages and salaries Light and heat Advertising Other professional services Pension Stationary and printing Subscription Sundry Insurance Waste management services Travel and Subsistence Repair & Maintenance Equipment expense Employer's NI Depreciation Total resources expended |
Unrestricted £ 45,863 |
2022 2021 Total Total £ £ 45,863 62,757 |
|---|---|---|
| **45,863 ** | 45,863 **62,757 ** |
|
| Total 2022 Total 2021 £ £ 360 360 11,181 10,924 2,455 1,823 - - 150 85 141 27 34 - 40 - - 536 - 821 373 508 - 4,840 54 35 256 295 |
||
| 14,826 **20,472 ** |
3 Total Resources Expended
4 Taxation
All income is applied for the charitable purpose and therefore the Charity is exempt from corporation tax.
9
CORBY MUSLIM ASSOCIATION NOTES TO THE ACCOUNTS
5 Tangible Fixed Assets
| Cost At 30 April 2021 Additions At 30 April 2022 Depreciation At 30 April 2021 Charge for the year At 30 April 2022 Net book value At 30 April 2022 At 30 April 2021 |
Land and Office Buildings equipment Total £ £ £ 219,417 3,878 223,295 62,067 62,067 |
|---|---|
| 281,484 3,878 285,362 |
|
| - 2,599 2,599 - 256 256 |
|
| - 2,855 2,855 |
|
| 281,484 1,023 282,507 |
|
| 219,417 1,279 220,696 |
| The above assets were depreciated at the following rates; Office equipment 20% reducing balance 6 Debtors Prepayments 7 Creditors > 1 year Trade creditors PAYE & NI Others 8 Creditors > 1 years Others |
Total 2022 Total 2021 £ £ - |
|---|---|
| - - |
|
| Total 2022 Total 2021 £ £ |
|
| 2,230 730 798 571 |
|
| 783 378 |
|
| 3,811 1,679 |
|
| Total 2022 Total 2021 £ £ 14,000 14,000 |
|
| 14,000 14,000 |
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CORBY MUSLIM ASSOCIATION NOTES TO THE ACCOUNTS
YEAR ENDED 30TH APRIL 2022
9 General Reserve fund
| General Reserve fund | |
|---|---|
| General reserves Total unrestricted reserves |
At 01.05.2021 Incoming resources Outgoing resources Surplus / (Deficit) for the year At 30.04.2022 £ £ £ £ £ 369,516 45,863 14,826 31,037 400,553 |
| 369,516 45,863 14,826 31,037 **400,553 ** |
11