Registered Charity Number 1150395
Registered Company Number 08089750
Jamia Rehmania Razwiyyah Report and Accounts for the year ended 31 May 2025
Jamia Rehmania Razwiyyah Report and accounts Contents
| Page | |
|---|---|
| Charity and Company information | 1 |
| Trustees' Report and Statement of Directors' / Trustees' Responsibilities | 2-5 |
| Independent Examiner's report | 6-7 |
| Statement of Financial Activities and Income & Expenditure account | 8-9 |
| Statement of total recognised gains & losses and Movements in Accumulated Funds | 10 |
| Balance sheet | 11 |
| Notes to the accounts | 12-15 |
Jamia Rehmania Razwiyyah Company Information
Directors
Muhammad Din
Accountants
Zia & Co Chartered Certified Accountants 825A, Stockport Road Manchester M19 3PN
Bankers
HSBC Bank Plc 4 Manchester Road Nelson BB9 7EG
Registered office
Nelson Community Masjid Bradshaw Street, Nelson BB9 0BH
Registered number 08089750
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Jamia Rehmania Razwiyyah
The report of the trustees for the year ended 31 May 2025
The trustees present their annual report and accounts for the year ended 31st May 2025. The board of trustees are satisfied with the performance of the charity during the year and the position at 31st May 2025 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations
Name, registered office and constitution of the charity
The legal registration details are :-
The Registered Office is Nelson Community Masjid, Bradshaw Street, Nelson BB9 0BH Charity Registration Number 1150395 The telephone number is 07449353797 Email alhiramasjid@gmail.com
Objectives and Activities of the Charity:
Summary of main activities of the charity in relation to its objects
The main objective of the charity as set out in the company`s memorandum of association is continue to be that of advancement of islamic education anywhere in the world by the provision of financial aid and materials included but not limited to books, furniture, stationery, clothing and electronic hardware/software and also through the construction of schools, colleges, training centres and universities.
The charity carries out a wide range of activities in pursuance of its charitable objectives. The trustees consider that these activities including Hifz classes, Dars-e-nazami, Religious festivals and Islamic awareness, provide benefit both to those who participate and the wider community.
The charity activities are carried out in Nelson Community Masjid.
The company is limited by guarantee and is non-profit making.
Summary of the main achievements of the charity during the year
The main achievements of the charity during the year are successfully managing the following activities.
Hifz classes: Memorisation of the Quran is considered an important element of religious education and training. We continue to provide this facility and are pleased that this programme which continues to run successfully with over 25 students regularly attending these classes.
Dars-e-nazami classes: This is a once in a lifetime opportunity to gain scholarship, We introduced this course at our centre which is taught both in urdu and arabic language. Currently we have 10 students enrolled in this course.
Religious festivals: We organised the public celebration of religious festivals here at our centre mainly Eid with family and communal meal. We also celebrate Saint`s days and offer a service of thanksgiving celebrating the birth of our Prophet Muhammad, peace and blessing be upon him, to whom the Quran was revealed.
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Jamia Rehmania Razwiyyah
The report of the trustees for the year ended 31 May 2025
Islamic awareness: To promote islamic knowledge and awareness in order to enlighten others we have distributed free islamic letrature during the year.
Nature of the Governing Document and constitution of the charity
The organisation is a charitable company limited by gurantee, incorporated on 30 May 2012 and registered as charity on 8 Janurary 2013.
The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.
In the event of the company being wound up members are required to contribute an amount not exceeding £10.
The methods adopted for the recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of the charity law and under the company`a articles are known as members of management committee.
Under the requirements of the memorandum and articles of association the members of management committee are elected to serve the charity for an indefinite period. The membership is terminated if the member dies or, if the charity, ceases to exist the membership is also terminated if the member resigns by written notice to the charity unless, after the resignation, there would be less than two members.
Financial Review
Policies on reserves
The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet three months operating costs of the charity. The operating cost at 31 May 2025 is £ 14,294 and the level of the reserves available to the charity is £151,486 which is more than the three months of the cost.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
The name of the Chief Executive Officer and other senior staff member(s) to
whom day to day management of the charity is delegated by the charity trustees.
Muhammad Din
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Jamia Rehmania Razwiyyah
The report of the trustees for the year ended 31 May 2025
The members of the Board of Trustees of the Charity during the year ended
31st May 2025 were :-
Muhammad Din Muhammad Jamal Asif (resigned on 25 June 2024)
The members of the Board of Trustees of the Charity at the date the report and accounts were approved were:-
Muhammad Din
Independent Examiner
Mr Muhammad Saeed Zia FCCA
Zia & Co Chartered Certified Accountants 825A, Stockport Road Manchester M19 3PN
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Jamia Rehmania Razwiyyah
The report of the trustees for the year ended 31 May 2025
Statement of Directors' and Trustees' Responsibilities
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
-
state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material departures disclosed and explained in the financial statements;
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
Method of preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 8 August 2025.
Mr Muhammad Din Director and Trustee
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Jamia Rehmania Razwiyyah Independent Examiner's Report to the trustees of the charity
Report of the Independent Examiner to the trustees
on the accounts of the Charity for the year ended 31 May 2025
I report on the financial statements of the Charity on pages 8 to 15 for the year ended 31 May 2025 which have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the Charities Act 2011. (The SORP), under the historical cost convention and the accounting policies set out on page 11.
Respective responsibilities of trustees and examiner
As described on page 4, the Charity's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements.
The trustees are satisfied that the audit requirement of Section 144(1) of the Act does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit under company law, or otherwise, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
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Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirm that
1) In accordance with Regulation 31 of The Charities (Accounts and Reports) Regulations 2015, (The Regulations) the accounts of this incorporated charity are not required to be audited under Part 16 of the Companies Act 2006;
2) this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;
and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006;
(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and;
(iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities
have not been met; or
to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;
The Examiner's relevant professional qualification or body is:
The Association of Chartered Certified Accountants (ACCA)
Mr Muhammad Saeed Zia FCCA
Zia & Co Chartered Certified Accountants 825A, Stockport Road Manchester M19 3PN
The date upon which my opinion is expressed is :- 8 August 2025
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Jamia Rehmania Razwiyyah Statement of Financial Activities for the year ended 31 May 2025
| Notes Incoming resources from generated funds Revenue grants, donations and legacies- individuals Gift Aid Claim- HMRC Other Grants Voluntary Income 3 Costs of charitable activities Governance costs Total resources expended Net incoming resources before transfers between funds Gross transfers between funds Net incoming resources before Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward |
Unrestricted Restricted Total Last Year Funds Funds Funds Total Funds 2025 2025 2025 2024 £ £ £ £ 26,237 - 26,237 16,647 7,949 - - 7,949 - - - - 34,186 - 26,237 24,596 13,376 - 13,376 14,321 919 - 919 919 14,295 - 14,295 15,240 19,891 - 11,942 9,356 - - - - 19,891 - 11,942 9,356 19,891 - 11,942 9,356 139,544 - 139,544 130,188 159,435 - 151,486 139,544 |
|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the SORP
All activities derive from continuing operations
The notes on pages 12 to 15 form an integral part of these accounts.
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Jamia Rehmania Razwiyyah Statement of Financial Activities for the year ended 31 May 2025
Income and Expenditure Account as required by the Companies Act
| Turnover Direct costs of turnover Gross surplus Governance costs Operating surplus Surplus on ordinary activities before tax Surplus for the financial year Retained surplus for the financial year |
2025 £ 34,186 13,376 20,810 919 19,891 19,891 19,891 19,891 |
2024 24,596 14,321 10,275 919 9,356 9,356 9,356 9,356 |
|---|---|---|
The notes on pages 12 to 15 form an integral part of these accounts.
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Jamia Rehmania Razwiyyah Statement of Financial Activities for the year ended 31 May 2025 Statement of Total Recognised Gains and Losses for the year ended 31 May 2025
| Excess of Expenditure over income before realisation of assets Profit per Profit and Loss account Net Movement in funds before taxation |
2025 19,891 19,891 19,891 |
2024 9,356 9,356 9,356 |
|---|---|---|
Movements in revenue and capital funds for the year ended 31 May 2025
| Revenue accumulated funds | Unrestricted | Restricted | Total | Last year | |
|---|---|---|---|---|---|
| Accumulated funds brought forward | Funds 2025 £ 139,544 |
Funds 2025 £ - |
Funds 2025 £ 139,544 |
Total Funds 2024 £ 130,188 |
|
| Recognised gains and losses before transfers | 19,891 | - | 19,891 | 9,356 | |
| 159,435 | - | 159,435 | 139,544 | ||
| Closing revenue accumulated funds | 159,435 | - | 159,435 | 139,544 | |
| £ | |||||
| Summary of funds | Designated | Unrestricted | Restricted | Total | Last Year |
| Funds | Funds | Funds | Funds | Total Funds | |
| 2025 | 2025 | 2025 | 2025 | 2024 | |
| Revenue accumulated funds | - | 159,435 | - | 159,435 | 139,544 |
The notes on pages 12 to 15 form an integral part of these accounts.
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Jamia Rehmania Razwiyyah Company Registered Number 08089750 Balance Sheet as at 31 May 2025
| 2025 Fixed assets Tangible assets 6 618 Investment property 7 135,000 Total fixed assets 135,618 Current assets Debtors 9 660 Cash at bank and in hand 50,034 Total current assets 50,694 Creditors:- amounts due within one year 10 (34,826) Net current assets 15,868 Total assets less current liabilities 151,486 Net assets excluding pension asset / liability 151,486 Net assets including pension asset / liability 151,486 The funds of the charity : Unrestricted income funds Unrestricted revenue accumulated funds 151,486 Total unrestricted funds 151,486 Total charity funds 151,486 |
2024 729 135,000 135,729 626 49,084 49,710 (45,895) 3,815 139,544 139,544 139,544 139,544 139,544 139,544 |
|---|---|
The directors are satisfied that for the year ended on 31 May 2025 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 6 to 7.
The director(s) acknowledge their responsibility 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the FRS102 SORP.
Mr Muhammad Din Director/Trustee Approved by the board of trustees on 8 August 2025
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Jamia Rehmania Razwiyyah Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
Basis of preparation of the accounts
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the Charities Act 2011.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The charity has taken advantage of the exemption in the FRS102 from the requirement to produce a cash flow statement.
The particular accounting policies adopted are set out below.
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention.
The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.
Incoming Resources
Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.
Except as described under the 'Deferred Income' accounting policy all grants, including grants for the purchase of fixed assets , are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
Investment Income
Bank interest is included in the income and expenditure account on a receivable basis.
Deferred income
In accordance with the SORP grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.
Recognition of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.
Resources Expended
Costs of generating funds
There are no costs that are attributable to the generating of funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity,and includes its Independent Examiners's fee.
Allocation of costs within types of resources expended
The methods and principles for the allocation and apportionment of all costs between the different activity categories of resources set out above are :-
The charity's operating costs include staff costs, rent and other related costs. Such costs are allocated between types of resources expended and between charitable expenditure and management and administration on the basis of estimates made by the directors.
Resources expended include attributable VAT which cannot be recovered.
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Jamia Rehmania Razwiyyah Notes to the Accounts for the year ended 31 May 2025
Unrealised and realised gains
Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into.
Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off.
Charities are exempt from the full provisions of SSAP19. However, the trusteees have adopted a policy that investment property is revalued on the basis of the best estimate of the trustees on an annual basis and any surplus or deficit is transferred to revaluation reserves. No depreciation is provided on the investment property.
Fixed assets and depreciation
All tangible fixed assets,are stated at cost less depreciation. Items of less than £100 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.
Fixtures and Fittings 15% reducing balance
Plant and machinery 25% reducing balance
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities.
Operating leases
Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.
1 Funds structure policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
| 3 Surplus for the financial year This is stated after crediting :- Revenue grants, donations and legacies- individuals HMRC JRS grant Gift Aid Claim- HMRC Other Grants Revenue Turnover from ordinary activities and after charging:- Depreciation of owned fixed assets Rentals under operating leases Pension costs Reporting Accountant fees |
2025 £ 26,237 - 7949 0 34,186 111 2,400 - 919 |
2024 £ 16,647 - 7949 0 24,596 131 2,400 - 919 |
|---|---|---|
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Jamia Rehmania Razwiyyah Notes to the Accounts for the year ended 31 May 2025
4 Analysis of grants payable in furtherance of the charity's objects
The grants paid to Dar ul Uloom Jamia Rehmania Razwiyyah, Pakistan totalling to £ Nil during the year ending to 31 May 2024 (£Nil 31 May 2023) in furtherance of the charity`s objective.
| 5 Staff Costs and Emoluments 2025 £ Gross Salaries 1,908 Pension Contributions 73 1,981 Numbers of full time employees or full time equivalents 2025 Average number of employees during the year 2 There were no fees or other remuneration paid to the trustees. There were no employees with emoluments in excess of £60,000 per annum. |
2024 £ 2,817 - 2,817 2024 5 |
|---|---|
Trustees' remuneration
Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year.Alternatively ' No trustees or persons connected with them, other than those shown above, received any remuneration.
6 Tangible functional fixed assets
| Fixtures and Fittings £ Asset cost, valuation or revalued amount At 1 June 2024 2,500 At 31 May 2025 2,500 Accumulated depreciation and impairment provisions At 1 June 2024 1,786 Depreciation on revaluation - Charge for the year 107 At 31 May 2025 1,893 Net book value At 31 May 2025 607 At 31 May 2024 714 |
Plant and Machinery £ 500 500 485 - 4 489 11 15 |
Total £ 3,000 3,000 2,271 - 111 2,382 618 729 |
|---|---|---|
7 Fixed Asset Investments
| Valuation Market value at 1 June 2024 Net unrealised gain/(loss) |
Property Listed Unlisted Investments Investments Investments £ £ £ 135,000 - - |
2025 Total £ 135,000 |
|---|---|---|
| Market value at 31 May 2025 | 135,000 - - |
135,000 |
| Cash held by investment advisors | - | |
| Total Investments including cash At 31 May 2025 |
135,000 | |
| Total Investments including cash At 1 June 2024 |
135,000 | |
| Analysis of investments between Investment assets in the UK Investment assets outside the UK |
UK investments and investments outside the UK Property Listed Unlisted Investments Investments Investments 135,000 - - - - - |
2025 Total 135,000 - |
| Total market value | 135,000 - - |
135,000 |
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Jamia Rehmania Razwiyyah Notes to the Accounts for the year ended 31 May 2025
| Property | Listed | Unlisted | 2024 | |||
|---|---|---|---|---|---|---|
| Investments | Investments | Investments | Total | |||
| Investment assets in the UK | 135,000 | - | - | 135,000 | ||
| Investment assets outside the UK | - | - | - | - | ||
| Total market value | 135,000 | - | - | 135,000 | ||
| 8 | Associates | |||||
| Global Khatme Nubuwwat Movement is an associated undertaking | of this charity and its registered | |||||
| office is at 39 Brunswick Street, Nelson BB9 9DY. |
| 9 Debtors Other Debtors 10 Creditors: amounts falling due within one year Bank loans and overdrafts Amounts due to associated undertakings Accrued expenses PAYE and NI Wages Due Director`s Account Other Creditors Unpaid Pension Contributions 11 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities |
2025 £ 660 2025 £ 3,316 20,749 953 (1,291) - (16,192) 27,201 90 34,826 2025 £ 19,891 |
2024 £ 626 2024 £ 6,089 35,749 953 (1,291) - (1,422) 5,800 17 45,895 2024 £ 9,356 |
|---|---|---|
The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals.
| **12 ** | Particulars of Individual Funds and analysis of assets and liabilities representing funds | Particulars of Individual Funds and analysis of assets and liabilities representing funds |
|---|---|---|
| At 31 May 2025 | Unrestricted Designated Restricted Total |
|
| Tangible Fixed Assets | funds funds funds Funds £ £ £ £ 618 - - 618 |
|
| Investments at valuation | ||
| Fixed asset investments | 135,000 - - 135,000 |
|
| Current Assets | 50,694 - - 50,694 |
|
| Current Liabilities | (34,826) - - (34,826) |
|
| 151,486 - - 151,486 |
||
| At 1 June 2024 | £ £ £ £ Unrestricted Designated Restricted Total |
|
| Tangible Fixed Assets | funds funds funds Funds 729 - - 729 |
|
| Investments at valuation | ||
| Fixed asset investments | 135,000 - - 135,000 |
|
| Current Assets | 49,710 - - 49,710 |
|
| Current Liabilities | (45,895) - - (45,895) |
|
| 139,544 - - 139,544 |
13 Endowment Funds
The charity had no endowment funds in the year ended 31 May 2025.
14 Share Capital
The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding ten pounds as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.
There are 2 members of the company.
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