**REGISTERED COMPANY NUMBER: 08027504 (England and Wales) REGISTERED CHARITY NUMBER: 1151644**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2022
for
Shrewsbury Muslim Centre
SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
Shrewsbury Muslim Centre
Contents of the Financial Statements for the Year Ended 30 April 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Statement of Financial Activities||3||
|Balance Sheet|4|to|6|
|Notes to the Financial Statements|7|to|12|
|Detailed Statement of Financial Activities||13||
Shrewsbury Muslim Centre
## Report of the Trustees
## for the Year Ended 30 April 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
(a) To advance the Muslim religion for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals;
(b) To further or benefit the residents of Shrewsbury and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
(c) To promote other such charitable purposes as the trustees may from time to time determine.
The charity acquired a new building during the year to carry on its activities and further the objects.
## **FINANCIAL REVIEW**
Total incoming resources in the year amounted to £39,477 (2021: £17,700) with a net surplus of £24,514 (2021: £ 2,608 surplus) at the year end.
## **FUTURE PLANS**
The organisation intends to carry on its core services of advancing Muslim religion for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals, advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
The charity plans to continue with its activities and provide additional services subject to obtaining further funding as required.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisational structure**
The charity was incorporated as a company limited by guarantee on 12 April 2012 and it was registered with the Charities Commission on 15 April 2013.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
08027504 (England and Wales)
## **Registered Charity number**
1151644
Page 1
Shrewsbury Muslim Centre
## Report of the Trustees
## for the Year Ended 30 April 2022
## **Registered office**
SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
## **Trustees**
Sufu Miah Trustee Kabir Uddin Trustee M Azadur Rahman Trustee Torikot Ullah Trustee (deceased 1/12/2022) Momen A Chowdhury Trustee (appointed 2/2/2022) Saiful H Chowdhury Trustee (appointed 2/2/2022) (resigned 30/6/2022) Ahmed Mustafa Trustee (appointed 2/2/2022)
## **Company Secretary**
Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by:
Sufu Miah - Trustee
Page 2
Shrewsbury Muslim Centre
Statement of Financial Activities for the Year Ended 30 April 2022
|**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**34,077**
Other trading activities
2
**5,400**
**Total**
**39,477**
**EXPENDITURE ON**
Raising funds
3
**6,355**
**Charitable activities**
Education / Training
**8,608**
**Total**
**14,963**
**NET INCOME**
**24,514**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**279,225**
**TOTAL FUNDS CARRIED FORWARD**
**303,739**|2021
Total
funds
£
14,100
3,600|
|---|---|
||17,700|
||7,294
7,798|
||15,092|
||2,608
276,617|
||279,225|
The notes form part of these financial statements
Page 3
Shrewsbury Muslim Centre
## Balance Sheet 30 April 2022
|**2022**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
6
**461,124**
**CURRENT ASSETS**
Debtors
7
**1,324**
Cash at bank
**25,690**
**27,014**
**CREDITORS**
Amounts falling due within one year
8
**(1,276)**
**NET CURRENT ASSETS**
**25,738**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**486,862**
**CREDITORS**
Amounts falling due after more than one year
9
**(183,123)**
**NET ASSETS**
**303,739**
**FUNDS**
11
Unrestricted funds
**303,739**
**TOTAL FUNDS**
**303,739**|2021
Total
funds
£
461,124
-
138
138
(1,276)
(1,138)
459,986
(180,761)
279,225
279,225
279,225|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 4
Shrewsbury Muslim Centre
## Balance Sheet - continued 30 April 2022
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Shrewsbury Muslim Centre
## Balance Sheet - continued
30 April 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2023 and were signed on its behalf by:
Sufu Miah - Trustee
Kabir Uddin - Trustee
M Azadur Rahman - Trustee
Torikot Ullah - Trustee
Ahmed Mustafa - Trustee
Momen A Chowdhury - Trustee
The notes form part of these financial statements
Page 6
Shrewsbury Muslim Centre
Notes to the Financial Statements for the Year Ended 30 April 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not depreciated
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
Shrewsbury Muslim Centre
Notes to the Financial Statements - continued
## for the Year Ended 30 April 2022
## **2. OTHER TRADING ACTIVITIES**
|||**2022**|2021|
|---|---|---|---|
|||**£**|£|
||Rent receivable|**5,400**|3,600|
|**3.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
|||**2022**|2021|
|||**£**|£|
||Support costs|**6,355**|7,294|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|||Unrestricted|
|---|---|---|
|||fund|
|||£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||14,100|
|Other trading activities||3,600|
|**Total**||17,700|
|**EXPENDITURE ON**|||
|Raising funds||7,294|
|**Charitable activities**|||
|Education / Training||7,798|
|**Total**||15,092|
|**NET INCOME**||2,608|
|**RECONCILIATION OF FUNDS**|||
|Total funds brought forward||276,617|
||Page 8|continued...|
Shrewsbury Muslim Centre
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 May 2021 and 30 April 2022
**NET BOOK VALUE**
At 30 April 2022
At 30 April 2021
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments|Freehold
property
£
**456,968**
**456,968**
456,968|Unrestricted
fund
£
279,225
Fixtures
and
fittings
Totals
£
£
**4,156**
**461,124**
**4,156**
**461,124**
4,156
461,124
**2022**
2021
**£**
£
**1,324**
-|
|---|---|---|
continued...
Page 9
Shrewsbury Muslim Centre
Notes to the Financial Statements - continued
## for the Year Ended 30 April 2022
|**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
Other creditors
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due between two and five years:
Bank loans - 2-5 years
**11.**
**MOVEMENT IN FUNDS**
At 1/5/21
£
**Unrestricted funds**
General fund
**279,225**
**TOTAL FUNDS**
**279,225**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**39,477**
**TOTAL FUNDS**
**39,477**|**2022**
2021
**£**
£
**1,276**
1,276
**2022**
2021
**£**
£
**137,123**
140,761
**46,000**
40,000
**183,123**
180,761
**2022**
2021
**£**
£
**137,123**
140,761
Net
movement
At
in funds
30/4/22
£
£
**24,514**
**303,739**
**24,514**
**303,739**
Resources
Movement
expended
in funds
£
£
**(14,963)**
**24,514**
**(14,963)**
**24,514**|2021
£
1,276
2021
£
140,761
40,000|2021
£
1,276
2021
£
140,761
40,000|2021
£
1,276|
|---|---|---|---|---|
|||180,761|||
|||2021
£
140,761|||
|||At
30/4/22
£
**303,739**|||
|||**303,739**|||
||||**24,514**||
continued...
Page 10
Shrewsbury Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1/5/20
£
**Unrestricted funds**
General fund
276,617
**TOTAL FUNDS**
276,617
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
17,700
**TOTAL FUNDS**
17,700
A current year 12 months and prior year 12 months combined position is as follows:
At 1/5/20
£
**Unrestricted funds**
General fund
276,617
**TOTAL FUNDS**
276,617|Net
movement
At
in funds
30/4/21
£
£
2,608
279,225
2,608
279,225
Resources
Movement
expended
in funds
£
£
(15,092)
2,608
(15,092)
2,608
Net
movement
At
in funds
30/4/22
£
£
27,122
303,739
27,122
303,739|At
30/4/21
£
279,225|
|---|---|---|
|||279,225|
|||303,739|
continued...
Page 11
Shrewsbury Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|57,177|(30,055)|27,122|
|**TOTAL FUNDS**|57,177|(30,055)|27,122|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 April 2022.
## **13. COMPANY LIMITED BY GUARANTEE**
Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 30 April 2022 was 7 (2021: 4).
Page 12
|Shrewsbury Muslim Centre|||
|---|---|---|
|Detailed Statement of Financial Activities|||
|for the Year Ended 30 April 2022|||
||2022|2021|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**34,077**|14,100|
|**Other trading activities**|||
|Rent receivable|**5,400**|3,600|
|**Total incoming resources**|**39,477**|17,700|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Donation|**5,200**|6,100|
|Light and heat|**-**|254|
|Repairs and maintenance|**426**|-|
|Insurance|**1,279**|1,402|
|Stationery and printing|**46**|-|
|Equipment expensed|**696**|-|
||**7,647**|7,756|
|**Support costs**|||
|**Other**|||
|Bank loan interest|**5,289**|6,402|
|**Governance costs**|||
|Accountancy fees|**732**|671|
|Bank Charges|**334**|221|
|Other legal & professional|**961**|42|
||**2,027**|934|
|Total resources expended|**14,963**|15,092|
|**Net income**|**24,514**|2,608|
This page does not form part of the statutory financial statements
Page 13