DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Charity No. 1153895 Company No. 07760929 Trustees' Report and Unaudited Accounts 30 September 2021
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Notes to the Accounts | 8 to | 13 |
Page 1
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07760929
Charity No. 1153895
Principal Office
243 Plaistow Road Stratford London E15 3EU
Registered Office
54 Marcus Court London E15 3JU
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
M.A. RAHMAN M. SEIDU Directors of Corporate Trustees
M A Rahman Muhamudu Seidu
Company Secretary
Accountants
Noah 137 Shadwell Gardens London E1 2QL
Page 2
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Trustees Annual Report
OBJECTIVES AND ACTIVITIES
To advance the education of the gereral public by providing training and retraining facilities, particularly among unemployed people for the purpose of helping such people find employment and integrating them to the community.
To advance the education of the public in the subject of islam through the holding of prayer meeetings, lectures, public celebration of religious festivals and the distribution of literature on the islamic faith for the benefit of the public and community.
To advance the education of, and to provide facilities in the interest of social welfare for leisure time occupation with the objective of improving the conditions of life for all residents of London and the community by the provision, maintenance and management of a community centre.
Our operations and the year-end financial position were satisfactory and are disclosed in the report and financial statements.
FINANCIAL REVIEW
The charity received total income of £162,878 (2020-£174,100) during the year. After payments of outgoing expenses of £174,170 (2020-£111,274), the charity was left with a deficit of £11,292 (2020 :Surplus £62,826)
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.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M.A. RAHMAN
Trustee 26 May 2022
Page 3
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Independent Examiners Report
Independent Examiner's Report to the trustees of DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED
I report to the charity trustees on my examination of the financial statements of DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.)
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Md Sohel FCCA ACCA
Noah 137 Shadwell Gardens London
E1 2QL 26 May 2022
Page 4
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Statement of Financial Activities
for the year ended 30 September 2021
| Notes Income and endowments from: Donations and legacies 4 Investments 5 Total Expenditure on: Charitable activities 6 Other 7 Total Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 150,379 12,500 |
Total funds 2021 £ 150,379 12,500 |
Total funds 2020 £ 156,100 18,000 |
|---|---|---|---|
| 162,879 26,826 147,345 |
162,879 26,826 147,345 |
174,100 19,082 92,192 |
|
| 174,171 - |
174,171 - |
111,274 - |
|
| (11,292) - |
(11,292) - |
62,826 - |
|
| (11,292) | (11,292) | 62,826 | |
| (11,292) 150,241 |
(11,292) 150,241 |
62,826 87,415 |
|
| 138,949 | 138,949 | 150,241 |
Page 5
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Summary Income and Expenditure Account
for the year ended 30 September 2021
| Income Interest and investment income Gross income for the year Expenditure Interest payable Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2021 £ 150,379 12,500 162,879 165,051 9,120 174,171 (11,292) (11,292) |
2020 £ 156,100 18,000 |
|---|---|---|
| 174,100 | ||
| 96,226 15,048 |
||
| 111,274 | ||
| 62,826 | ||
| 62,826 |
Page 6
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Balance Sheet
at 30 September 2021
| Company No. 07760929 Notes 2021 £ Fixed assets Tangible assets 10 556,620 556,620 Current assets Debtors 11 41,433 Cash at bank and in hand 48,922 90,355 Creditors:Amount falling due within one year 12 (227,959) Net current liabilities (137,604) Total assets less current liabilities 419,016 Creditors:Amounts falling due after more than one year 13 (280,067) Net assets excluding pension asset or liability 138,949 Total net assets 138,949 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 138,949 138,949 Reserves 14 Total funds 138,949 |
2020 £ 556,620 |
|---|---|
| 556,620 46,036 331,466 |
|
| 377,502 (395,231) |
|
| (17,729) 538,891 (388,650) |
|
| 150,241 | |
| 150,241 | |
| 150,241 | |
| 150,241 | |
| 150,241 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 September 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 26 May 2022
And signed on its behalf by:
M.A. RAHMAN Trustee 26 May 2022
Page 7
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts
for the year ended 30 September 2021
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED
Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Investments Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Voluntary Income & Grants Madrasa fee 5 Income from investments Rent |
Unrestricted £ 113,436 36,943 150,379 Unrestricted £ 12,500 12,500 |
Unrestricted funds 2020 £ 156,100 18,000 174,100 53,705 57,569 111,274 62,826 62,826 62,826 87,415 150,241 Total 2021 £ 113,436 36,943 150,379 Total 2021 £ 12,500 12,500 |
Total funds 2020 £ 156,100 18,000 |
| 174,100 53,705 57,569 |
|||
| 111,274 | |||
| 62,826 | |||
| 62,826 | |||
| 62,826 87,415 |
|||
| 150,241 | |||
| Total 2020 £ 138,955 17,145 |
|||
| 156,100 | |||
| Total 2020 £ 18,000 |
|||
| 18,000 |
Page 10
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED
Notes to the Accounts
6 Expenditure on charitable activities
| Governance costs Books Legal costs Covered Teacher 7 Other expenditure Bank loan and overdraft interest payable Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs |
Unrestricted £ 3,730 2,640 20,456 26,826 Unrestricted £ 9,120 55,200 - 79,279 3,046 700 147,345 |
Total 2021 £ 3,730 2,640 20,456 26,826 Total 2021 £ 9,120 55,200 - 79,279 3,046 700 147,345 |
Total 2020 £ 1,813 385 16,884 |
|---|---|---|---|
| 19,082 | |||
| Total 2020 £ 15,048 52,948 1,678 20,337 1,481 700 |
|||
| 92,192 |
8 Trustee remuneration and expenses
2021 2020 Number Number The nature of the reimbursed expenses There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
9 Staff costs
| Salaries and wages Social security costs |
2021 55,200 - 55,200 |
2020 52,620 328 |
|---|---|---|
| 52,948 |
No employee received emoluments in excess of £60,000.
Page 11
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 October 2020 At 30 September 2021 Net book values At 30 September 2021 At 30 September 2020 11 Debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals 13 Creditors: amounts falling due after more than one year Bank loans and overdrafts 14 Movement in funds At 1 October 2020 Restricted funds: Unrestricted funds: General funds 150,241 Total funds 150,241 |
2021 £ 41,433 41,433 2021 £ 4 227,255 700 227,959 2021 £ 280,067 280,067 Incoming resources (including other gains/losses ) £ 162,879 162,879 |
£ 556,620 556,620 556,620 556,620 Resources expended £ (174,171) (174,171) |
£ 556,620 |
|---|---|---|---|
| 556,620 | |||
| 556,620 | |||
| 556,620 | |||
| 2020 £ 46,036 |
|||
| 46,036 | |||
| 2020 £ - 394,531 700 |
|||
| 395,231 | |||
| 2020 £ 388,650 |
|||
| 388,650 | |||
| At 30 September 2021 £ 138,949 |
|||
| 138,949 |
Page 12
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts
15 Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed assets Net current assets Creditors due in more than one year and provisions Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 October 2020 £ |
Unrestricted funds £ 556,620 (137,604) (280,067) 138,949 Cash flows £ |
Total £ 556,620 (137,604) (280,067) |
| 138,949 | |||
| At 30 September 2021 £ |
|||
| 331,466 | (282,544) | 48,922 | |
| 331,466 (388,650) (388,650) (57,184) |
(282,544) 108,583 108,583 (173,961) |
48,922 (280,067) |
|
| (280,067) | |||
| (231,145) |
16 Reconciliation of net debt
17 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Detailed Statement of Financial Activities
for the year ended 30 September 2021
| Income and endowments from: Donations and legacies Voluntary Income & Grants Madrasa fee Investments Rent Total income and endowments Expenditure on: Governance costs Books Legal costs Covered Teacher Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Employer's NIC Travel and subsistence Premises costs Rent Rates Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Bank charges |
Unrestricted funds 2021 £ 113,436 36,943 150,379 12,500 12,500 162,879 3,730 2,640 20,456 26,826 26,826 9,120 9,120 55,200 - 55,200 - - 13,789 767 650 4,660 54,810 4,603 79,279 - |
Total funds 2021 £ 113,436 36,943 150,379 12,500 12,500 162,879 3,730 2,640 20,456 26,826 26,826 9,120 9,120 55,200 - 55,200 - - 13,789 767 650 4,660 54,810 4,603 79,279 - |
Total funds 2020 £ 138,955 17,145 |
|---|---|---|---|
| 156,100 | |||
| 18,000 | |||
| 18,000 | |||
| 174,100 1,813 385 16,884 |
|||
| 19,082 | |||
| 19,082 15,048 |
|||
| 15,048 | |||
| 52,620 328 |
|||
| 52,948 | |||
| 1,678 | |||
| 1,678 | |||
| 8,622 2,208 546 178 4,180 4,603 |
|||
| 20,337 | |||
| 10 |
Page 14
DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED
Detailed Statement of Financial Activities
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| General insurances Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
910 1,740 396 3,046 700 700 147,345 174,171 - (11,292) (11,292) - (11,292) 150,241 138,949 |
910 1,740 396 3,046 700 700 147,345 174,171 - (11,292) (11,292) - (11,292) 150,241 138,949 |
1,083 - 388 |
| 1,481 | |||
| 700 | |||
| 700 | |||
| 92,192 | |||
| 111,274 - |
|||
| 62,826 | |||
| 62,826 - |
|||
| 62,826 | |||
| 87,415 | |||
| 150,241 |
Page 15