Registered number 08071263
## MUSLIMS FUNERAL SERVICES LTD
## Report and Accounts
31 May 2021
## **MUSLIMS FUNERAL SERVICES LTD Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees Annual Report|2|
|Governing Document|3|
|Directors' Report|4|
|Independent Examiner Report|5|
|Profit and loss account|6|
|Balance sheet|7|
|Notes to the accounts|8|
|Detailed Profit and loss account 1|12|
|Detailed Profit and loss account 2|13|
## **MUSLIMS FUNERAL SERVICES LTD Company Information**
## **Directors**
Mr. Inamullah Tariq Mr. KaleemUllah Tariq Mr. Mohammad Tariq Mr. Mudassar Ahmed Mrs. Sadia Amran
## **Secretary**
Mohammad TARIQ
## **Accountants**
Taxaccolega Chartered Accountants 187A London Road Croydon Surrey CR0 2RJ
## **Registered office**
73 Mitcham Lane London England SW16 6LY
## **Registered number**
08071263
1
## **DIRECTORS AND TRUSTEES**
The directors of the charitable company are also its trustees for the purpose of charity. The trustees present their annual report for the period from 01 June 2020 to 31 May 2021 and confirm they comply with the Charities act 1993, as amended by the Charities Act 2006, the trust deed and the Charities SORP 2015.
The Trustees who served during the period and since the end of the financial period were: **Mr. Inamullah Tariq Mr. KaleemUllah Tariq Mr. Mohammad Tariq Mr. Mudassar Ahmed Mrs. Sadia Amran**
## **REGISTERED OFFICE**
**REGISTERED OFFICE** 73 Mitcham Lane, London, England, SW16 6LY **PRINCIPAL ADMINISTRATOR** Mr. Mohammad Tariq
**ACCOUNTANTS INDEPENDENT EXAMINER** Taxaccolega Ltd Waqas Sagar Chartered Accountants FCCA, ACA 187A London Road Croydon CR0 2RJ
2
## **MUSLIMS FUNERAL SERVICES LTD**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT**
## **GOVERNING DOCUMENT**
Muslims Funeral Services is a registered charity and company limited by guarantee without share capital. It is governed by its Constitution (Memorandum and Articles of Association), adopted on 22 June 2012.
## **ORGANISATION OF THE CHARITY**
Muslims Funeral Services operates in its 6th year. The Trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities.
## **TRUSTEE SELECTION, INDUCTION AND TRAINING**
As set out in the Articles of Association, the Trustees have the power to appoint . additional trustees. The Trustees are elected by a majority vote of the existing trustees. New trustees are familiarised with their responsibilities as trustees through induction process.
## **RISK MANAGEMENT**
The Trustees have conducted a review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks.
Internal financial risks are minimised by the implementation of procedures for authorisation of all transactions.
All policies and procedures are periodically reviewed to ensure that they still meet the needs of the organisation
## **OBJECTIVES AND ACTIVITIES**
## **Objects & Activites:**
We visit the families who have just suffered a loss in their family to comfort through the funeral process.
On behalf of the families we make the necessary arrangements for the forthcoming funeral. In order to swiftly complete the necessary tasks in a short time, we pay for the cost of the funeral and the costs are then reimbursed by the family as soon as possible.
We also provide post burial support if needed.
If any Muslim has no next of kin in the UK or cannot be contacted, through donations from the general public we cover the cost of the funeral and burial of the deceased.
We publish information which is useful in times of bereavement and distributed to the relevant places.
## **Achievements:**
We benefit the public by providing 24/7, 365 days a year support service for those Muslims who lost their loved ones or have suffered a bereavement.
On behalf of the families we make the necessary arrangements for the funeral and remove the burden and stress from them.
We also provide the post burial support where it is required.
## **Plans for future periods:**
We are planning to circulate the words to the public by using different strategies so more people can take benefit from this charity origanisation we are thinking to raise donations from the registered members that will be used in helping those people who will not be able to afford the burial cost.
3
**MUSLIMS FUNERAL SERVICES LTD Registered number: 08071263 Directors' Report**
The directors present their report and accounts for the year ended 31 May 2021.
## **Principal activities**
The company's principal activity during the year continued to be …
## **Directors**
The following persons served as directors during the year:
Inamullah Tariq Kaleemullah Tariq Sa'Dullah TARIQ
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 December 2021 and signed by its order.
Inamullah TARIQ Mohammad TARIQ Secretary
4
## **MUSLIMS FUNERAL SERVICES LTD FOR THE YEAR ENDED 31 MAY 2021 INDEPENDENT EXAMINER REPORT**
Accotax Chartered Accountants was appointed as the charitable
company's independent examiner during the year and has expressed willingness to continue in that capacity.
We report on the accounts for the period from 1[st] June 2020 to 31[st] May 2021.
## **Respective responsibilities of trustees and reporting accountants:**
The trustees (who are also the directors of the company for the purposes of company law) 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 needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our 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 our attention.
## **Basis of Independent examiner’s report:**
Our 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 statement below.
## **Independent examiner’s statement:**
In connection with our examination, no major matter has come to our attention:
- Which gives us reasonable cause to believe that any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of the section 396 of the
Companies Act 2006 and the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met ; or - To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Mr. Waqas Sagar**
## **ACA, FCCA**
## **Accotax**
## **Accountants & Tax Consultants**
12 London Road Morden SM4 5BQ
**Date: 21/03/2022**
5
## **MUSLIMS FUNERAL SERVICES LTD Profit and Loss Account for the year ended 31 May 2021**
|**Donations**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit before taxation**
Tax on profit
**Profit for the financial year**|**2021**
**£**
825,058
(704,781)
120,277
(92,790)
27,487
27,487
-
27,487|**2020**
**£**
842,713
(712,897)
129,816
(70,338)
59,478
59,478
-
59,478|
|---|---|---|
6
## **MUSLIMS FUNERAL SERVICES LTD Registered number:** 08071263 **Balance Sheet as at 31 May 2021**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
6
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholder's funds**|**2021**
**£**
33,059
19,620
116,378
135,998
(14,366)
121,632
154,691
(13,974)
140,717
140,717
140,717|**2020**
**£**
43,079
9,620
84,603
94,223
(24,072)
70,151
113,230
-
113,230
113,230
113,230|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Inamullah TARIQ Director Approved by the board on 21 December 2021
7
**MUSLIMS FUNERAL SERVICES LTD Notes to the Accounts for the year ended 31 May 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
## _**Intangible fixed assets**_
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|Freehold buildings|over 50 years|
|---|---|
|Motor Vehicles|over 5 years|
|P&M and Computer & IT|over 3 years|
|Fixtures, fittings, tools and equipment|over 3 years|
## _**Investments**_
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8
## **MUSLIMS FUNERAL SERVICES LTD Notes to the Accounts for the year ended 31 May 2021**
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Provisions**_
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
## _**Foreign currency translation**_
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
## _**Leased assets**_
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
**2 Employees**
**2021 2020 Number Number**
9
## **MUSLIMS FUNERAL SERVICES LTD Notes to the Accounts for the year ended 31 May 2021**
|Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Fixture &**
**Fittings**
**P&M and**
**Computer &**
**IT**
**£**
**£**
**Cost**
At 1 June 2020
4,012
12,935
Additions
2,075
4,860
At 31 May 2021
6,087
17,795
**Depreciation**
At 1 June 2020
1,337
4,312
Charge for the year
2,029
5,932
At 31 May 2021
3,366
10,244
**Net book value**
At 31 May 2021
2,721
7,551
At 31 May 2020
2,675
8,623
**4**
**Debtors**
Trade debtors
Other debtors
**5**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
**6**
**Creditors: amounts falling due after one year**
Other creditors|0
**Motor**
**vehicles -**
**Ambulance**
**£**
44,970
-
44,970
13,189
8,994
22,183
22,787
31,781
**2021**
**£**
9,620
10,000
19,620
**2021**
**£**
10,106
4,260
14,366
**2021**
**£**
13,974|0
**Total**
**£**
61,917
6,935
68,852
18,838
16,955
35,793
33,059
43,079
**2020**
**£**
9,620
-
9,620
**2020**
**£**
10,106
13,966
24,072
**2020**
**£**
-|
|---|---|---|
## **7 Other information**
MUSLIMS FUNERAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
73
10
## **MUSLIMS FUNERAL SERVICES LTD Notes to the Accounts for the year ended 31 May 2021**
Mitcham Lane London England SW16 6LY
11
## **MUSLIMS FUNERAL SERVICES LTD**
## **Detailed profit and loss account for the year ended 31 May 2021**
_This schedule does not form part of the statutory accounts_
|**Donations**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit before tax**|**2021**
**£**
825,058
(704,781)
120,277
(92,790)
27,487
27,487|**2020**
**£**
842,713
(712,897)
129,816
(70,338)
59,478
59,478|
|---|---|---|
12
## **MUSLIMS FUNERAL SERVICES LTD**
## **Detailed profit and loss account for the year ended 31 May 2021**
_This schedule does not form part of the statutory accounts_
|**Income**
Donations
**Cost of sales**
Subcontractor costs
Other direct costs
**Administrative expenses**
Employee costs:
Travel and subsistence
Motor expenses
Entertaining
Premises costs:
Cleaning Cost
Rates
Waste Charges
Light and heat
Office Equipment
Use of home
General administrative expenses:
Telephone and internet
Postage
Stationery and printing
Fines and Penalties
Van Hire
Web Hosting
Bank charges
Insurance
Equipment expensed
Charity
Custom VAT & Custom Clearance
Repairs and maintenance
Depreciation
Delivery Charges
Legal and professional costs:
Accountancy fees
Other Finance Charges
Other legal and professional|**2021**
**£**
825,058
8,000
696,781
704,781
1,184
5,764
-
6,948
795
-
205
2,811
-
-
3,811
356
-
1,360
-
-
-
374
4,398
21,098
100
-
5,797
16,955
24,906
75,344
4,260
-
2,427
6,687
92,790|**2020**
**£**
842,713
-
712,897
712,897
589
19,459
66
20,114
-
1,308
593
1,058
1,180
208
4,347
2,434
67
61
300
5,720
276
502
1,381
3,461
22
1,637
8,036
14,643
1,674
40,214
1,260
835
3,568
5,663
70,338|
|---|---|---|
13