Company registered in England and Wales Number: 8174085 CHELSEA MUSLIM COMMUNITY HUB FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 Charity Registration Number 1150710 Ch rity Commission O I JUL 2125 Recorded Receii/ed
CHELSEA MUSLIM COMMUNITY HUB FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 CONTENTS PAGE Information Sheet The Directors Report Independent Examine¢s Report statement of Financial Acttvities Balance Sheet Notes to the Financial Statements Detailed Income and Expenditure Account 10
CHELSEA MUSLIM COMMUNITY HUB YEAR ENDED 31ST AUGUST 2024 LEGAL AND ADMINISTRATIVE INFORMATION Directors Mr Abdulrahman Messaaoud Zaidi Mr Omar Ourida Dr Mustafa Abu-Lisan Mr Tawfik El Werfalli Charity CEO Dr Mustafa Abu-Lisan Charity number 1150710 Abbreviation: CMCH Principal address= 14 Blantyre Street Chelsea London SW10 ODS Bankers Lloyds TSB Chelsea Branch London Independent examiner Mahmud Said FCCA M. Said & Co. 137 Blackstock Road Finsbury Park London N4 2JW
CHELSEA MUSLIM COMMUNITY HUB FOR THE YEAR ENDED 31 AUGUST 2024 DIRECTORS REPORT CHARifY NUMBER 1150710 The Directors present their report and the unaudited financtal statements of the charity for the year ended 31st August 2024. The accounts have been prepared in accordance the accounting polides set out in note 1 to the accounts and comply with the charitys governing document. applicable law and the requirements of the statement of Recommended Practice 'SORP FRS 102 '. effective 1 January 2016 and the Charities Act 2011. The charity constitutes a public benefft body as defined by FRS102. Structure The charity was incorporated as limited company on 9th August 2012 and Articles were adopted on 5th December 2012 as amended on 12th December 2012 . The Charity was registered on 6th February 2013. The trustees are appointed to the board of trustees { directors) and there is CUrrenY four directors ( trustees). When seleding an individual for appointment as a charity trustee , the charity trustees consider their skills , knowledge and experience needed for the effective administration of the charity. On the appointment of Trustees. they are given a copy of the charitys constitution to read and fvlly understand to ensure that they act in the fvrtheran¢e of the chartils objectives. They are also given various booklets issued by the charity commission to ensure that they understand the regulations governing the charity. Objectives of the charity The objectives of the charity is the promotion and assisting in -The advancement of faith and religious practices of Islam and the advanment of general and religious education for the public benefit. The provision of facilities in the interest of social Vlfare for recreation or other leisure time occupation of individuals who have need of such facilities. - The advancement of religious hamony for the InteSt of the public. - The relief of financial need and suffering among vtctims of natural or other kind of disaster In the fomi of money or other means deemed suitable for persons . bodies. organisati¢)ns and countries effected. Review of activities The charity provided prayer facilities for residents in. and visitors to, the area. It also provided Arabic and Quran lessons as well as social and religious consultations during the year. The above activities were carried out trustees having regard to the guidance issued by the Charity Cornmission on Public benefit. Charities Funds The Charity received no restricted donations during the year (2023". £Nil) It received non- restricted donations of £99,318 (2023.. £55,915) It also received retum on inverstmant of £630 (2023 -. £245) on saving bank account. A large donation of £50,000 was received from Kensington Muslim Community Centre. Financial Revie%Y.' Financlal Asslstance The charity made donations totalling £3.050 (2023.'£2,190) to humanitarian organi5ations as shown in note 3 to the Accounts. Reserves policy It is the policy of the charlty that unrestricted funds whith have not been designated for a specific use should be maintained at a level which will ensure that, in the event of a significant drop in funding, they will be able to continue the Charits current activsbes while consideration is given to ways in which additional funds may be raised. The unrestricted reseNes at 31 st August 2023 stood at £187,044 12023: £129,482). The restrirted funds stood at £NIL at 31st August 2024 (2023: £ NIL ).
CHELSEA MUSLIM COMMUNITY HUB FOR THE YEAR ENDED 31 AUGUST 2024 DIRECTORS REPORT CHARIP( NUMBER 1150710 Risk management The trustees have assessed the major rtsks to whiGh the charity is exposed and have drawn up a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risk happening and the measures taken to manage them. The trustees are satisfied that systems are in place. or arrangements are in hand. to manage the risks that have been identified. Independent Examiner M. Said & Co were appointed Independent Examiners to the Charity arKJ in accordance with the Charities Ad 2011 a resolution proposing that they be re-appointed wÉll be put to the Board of Trustees. Dr Mustafa Abu-Lisan Chairmanl Trustee Dr Abdulrahman Messaaoud Zaidi Directorl Trustee Date: il IGÉ,1g-*5
CHELSEA MUSLIM COMMUNtTY HUB CHARITY NUMBER 1150710 ( company giStratIon number 8174085) INDEPENDENT EXAMINER REPORTTO THE MEMBERS OF CHELSEA MUSLIM COMMUNITY HUB ON THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 SET OUT ON PAGES 5-9. I report lo the trustees { directors) on my examination of the accounts of the above charity for the year ended 31 August 2023. Respective responsibilities of the directors l Trustees) and examlner As the ¢harity's trustees, you are responsible for the preparation of the accounts in accordance with the requirement of the Charilies Act 2011 { the Act)- I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carying out my examination , I have followed all the applicable Directions given by the Charily Commission under section 145{5)Ib) of the ACL Independent examinerfs ststement l am qualified to undertake the examination by being a qualified member of the Awjciation of Chartered Cerknfied Accountants . I have completed my examination and confimi that no material matters have come lo my attention in connection wth the examination which gives me cause to believe that in. any material respect: - Ihe 8¢counting records were not kept in accordance with section 130 01 the of the Chartties Act or -Ihe accounts did not accord with the the accounting records.. or - the accounts did not comply with the applicable requirements conmIng the form and content of accounts set out in the Charities ( Accounts and Reports ) Regulation 2CNJ8 other than any requirement to give a "true and fairf, view which 1$ not a matier considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examinalion to which attention should be dra n in this report in order to enable a proper understsnding of the aUnts to be reached. Signed.. Date.. Mahmud Id FCCA Fellow of the A550ciation of Charted Certified Accountsnts MSaid&Co Chartered Certified Accounts 137 Blackstock Road Finsbury Park London N4 2JW
CHELSEA MUSLIM COMMUNITY HUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Total 2024 2024 Notes 2023 INCOME Donations Investment Income Other Income- Grant TOTAL INCOMING RESOURCES 99,318 630 99,318 630 55,915 245 99,948 99,948 56,160 EXPENDITURE.. Charitable activities Others 40.183 2.203 40,183 2.203 40,571 2.127 42,386 42,386 42,698 MOVEMENT IN TOTAL FUNDS- INCOME I(EXPENDITURE) 57,562 57,562 13,462 Tmnsfrr Total funds at 1 September 2023 TOTAL FUNDS AT 31 AUGUST 2024 129,482 129,482 116,020 187.042 187.044 129,482 The notes on pages 7 to 9 fom part of these financial statements.
CHELSEA MUSLIM COMMUNITY HUB BALANCE SHEET AS A T 31 AUGUST2024 Note 2024 2023 Fixed assets Tangible Fixed Assets 968 1.185 Total Flxed Assets 968 1.185 Current assets Debtors Cash at Bank and in Hand 10 11 189,373 131,363 Total Current Assets Liabilities Creditors.. Amounts falling due within one year 189.373 131,363 12 3,296 3,066 Net Current Assets 186,077 128,297 Total assets less current Ilablllties 187,044 129,482 The funds of the charity Unrestricted income funds Restricted income funds 187,044 129,482 Total Funds 187,044 129,482 For the period ended 31st August 2024. the company was entitled lo exemption from audit under sects'on 477 of the Companies Act 2006 relating to the small companies . The members have not required the company to obtain an audit of in accordance vth section 476 of the Companies Act 2006 The directors acknowledge their responsibility for complying with the requirement of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the board and signed on its behalf on Dr Mustafa Abu-Lisan Chairmanl Trustee Dr Abdulrahman Messaaoud Zaidi Directorl Trustee The notes on pages 7 to 9 rm part of these financial statements. 21(06[ts6ZS-
CHELSEA MUSLIM COMMUNITY HUB NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31ST AUGUST 2024 1..BASIS OF PREPARATION: 1.1 Basis of Accountlng '.The financial stalemenls have been prepared under the historical cost convention with items recognised al Cost or transaction value unless otherwise stated in the relevant note5 to these a¢counls. The accounts have been prepaied In accordance with the Statement of Recommended Practic8'. Accounting and Reporting by Charities preparing their accounts in accordance with the relevant Financlal Reporting Standard applicable in the UK and Republic of Ireland FRS 102 issued on 16 July 2014 and with the Charit8 Act 2011. The Charity constitutes a public benefft enllty as defined by FRS 102. 1.2.. Change of Accounting Pollcy. The accounts present a true and fair view arKI no changes have been made to the ac(x)unting pollcles adopted below. 1.3 Income.. All incoming re$ourGes aTe included in the statement of financial adivities( SOFA) when the ¢harity has entiu -men1 to the funds. certalnty of receipt and when the amount Can be measured with sufficient reliability. There has been no offsetting of assets and liabiltties or income and eypenses unless permitted by FRS 102 SORP. The charity has received a grant from the local authority in the reporting period. 1.4 Expendiluro and LSabilities'. Expenditure is a¢Gounted for on an 3GCTual basis and has been included under expense categories that aggraleS all costs for allocation by natural category. Support costs are those costs in¢urred direcuy in support of expenditure on the obiect Df the chaiity. Governance cost ale those incurred in connectlon %Mth the administration of the ¢horty and compllance wth constitutional and stattrtory requwement. The Gharity made no redundancy payment during the repong period. 1.5 Tangible fixed assets are stated at cost less depreciation. - Depreclatlon was charged so as to write off the cost of fixed assets over their estimated useful lives using the reducing balance method at the rale of 15% per annum. Leasehokl propety was depreciated using the straight line basis over the Irfe of the lease. 2A.. INCOME Restiithd Unre5trided Total 2024 2024 Total 2024 2023 DONATIONS RECEIVED 99.318 99.318 55.915 2024 2024 2024 2023 28.. INVESTMENT INCOME: Return on Savings 630 630 245 2C: OTHER INCOME JRS Grants Local Authorlty Grant Unrestricted Total Total 3: CHARITABLE ACTIVITIES: GFIANTS PAID 2024 2024 2023 Ramda One Nation Inlernalional WAQF Other donallons 950 950 1.240 900 2.700 4.550 2.700 4,550 2.190 All donauons are pald to charitable organlsalions . All donations were paid for the relief ot poverty . education arKI for victims of disasters.
CHELSEA MUSLIM COMMUNITY HUB NOTES TO THE FINANCIAL sTATEMErs YEAR ENDED 31ST AUGUST 2024 Total Total 4.. CHARITABLE ACTIVITIES: SUPPORT COSTS 2024 2023 Wages and salarfes Work Place Pension Rent and rates Light and Heat Insuranc Repairs and renewals Telephone and communications Printing postage and stats'onery Books and sothre Advertising Ramadan Iftar , Canteen and refreshme Bank Charges and Interest Depreciation Grants Paid General expenses 14,051 227 17,724 12.809 190 20.545 150 248 338 387 159 2,040 52 810 372 418 1,265 514 218 4,550 879 243 2.190 340 40,572 40,183 5 OTHER EXPENDITURE . GOVERNANCE COSTS Accountancy and Other Fees 2024 2023 2.203 2,127 Accountancy Fees Independent Examination Fees 1.453 750 2,203 1,377 750 2.127 Total Total 8 ANALYSIS OF STAFF COST 2024 2023 Wages & Salaries Pension Cost- Defined Contributions 14.051 227 14,278 12,809 190 12,999 No employee had emoluments in excess of £60,000 (2023- none) There was one employee durlng the year (2023- one) The salary represents payment to one trustee in his capacity as a teacher. No Irustee received any benefit during the year. The Charity did not pay any redundancy during the year.
CHELSEA MUSLIM COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 7 STATEMENT OF FUNDS At 31.08.2023 Income Expenditure Transfer At 31.08.2024 Unrestricted funds 129,482 99.948 (42.386) 187,044 Totsl unrestrictsd funds 104,549 99,948 42.386 187,044 Name of fund descriptlon, nature and purposes of the fund". The unrestricted funds are available for the day to day running of the charity- Sadakah and Zakat funds were treated as unrestricted and were applied for the general purposes. 8 RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION No remuneration directly or indire¢tly out of the fvnds of the charity was paid or is payable for the year or Ihe prior year to any trustees or to any person or persons known to be connected with any of them except wages paid to one trustee in his capacity as a teacher. 9: TANGIBLE FIXED ASSETS Furniture Leasehold and Fittings Property Total At 31st August 2023 Additions at cost At 31stAugust 2024 4,338 1,090 5,428 4.338 1,090 5,428 Accumulated Depreciation At 315t August 2023 Charge for the year 3,371 145 872 72 4.243 218 At 31slAugust 2024 3.516 4,461 Net Book Value 3110812024 Net Book Value 3110812023 822 967 146 218 968 1,185 2024 2023 10: DEBTORS: Other Debtors and Prepayments 11: CASH AT BANK AND IN HAND.. 189.373 131,363 12, CREDITORS: Amounts falling due wilhin one year Taxation other than corporation tax Other creditors and accruals 1.028 2,268 3,296 598 2,468 3,066 13. SHARE CAPITAL: The Company is limited by Guarantee and every member undertakes to contribute suoh amount as may be required (not exceeding £10) to the Compan5 assets if it should be wound up while he is a member.
CHELSEA MUSLIM COMMUNITY HUB DAlLED PROFIT AND LOSS ACCOUNT YEAR ENDED 31ST AUGUST 2024 2024 2023 DONATIONS RECEIVED DONATIONS PAID 99,318 4.550 94.768 55,915 2,190 53,725 ADMINISTRATIVE EXPENSES: Directors Remuneration Work Place Pension Rent and rates Light and Heat Insurance Repairs and renewals Telephone and communications Accountancy fees Postage Stationery Advertising Books and Teaching Materials Soare Bank Charges and Interest Refreshments and meetings Fraud Depreciation General Expenses 14.051 227 17,724 12,809 190 20.545 150 248 338 387 2,127 810 372 2.203 418 159 52 1.916 125 879 1.140 125 514 218 243 339 40,508 37.836 OPERATING SURPLUS FOR THEYEAR Local Authority - Covid-19 Grant JRS Grant Interest receivable 56,932 13,217 630 245 NET SURPLUS FOR THE YEAR 57.562 13.462 10