2022-09-30-accounts - Darul Jannah Trust And Stratford Muslim Centre Limited

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DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Charity No. 1153895 Company No. 07760929 Trustees' Report and Unaudited Accounts

30 September 2022

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
Detailed Statement of Financial Activities	14 to	15

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 2022.

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 (Resigned 1 October 2021) Directors of Corporate Trustees M A Rahman Tazmul Islam Rahman

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 £131,704 (2021-£162,878) during the year. After payments of outgoing expenses of £153,994 (2021-£174,170), the charity was left with a deficit of £22,290 (2021 : £11,292)

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

05 June 2023

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 2022 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 05 June 2023

Page 4

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Statement of Financial Activities

for the year ended 30 September 2022

Unrestricted funds 2022 £ 123,454 8,250	Total funds 2022 £ 123,454 8,250	Total funds 2021 £ 150,379 12,500
131,704 37,225 116,769	131,704 37,225 116,769	162,879 26,826 147,345
153,994 -	153,994 -	174,171 -
(22,290) -	(22,290) -	(11,292) -
(22,290)	(22,290)	(11,292)
(22,290) 138,949	(22,290) 138,949	(11,292) 150,241
116,659	116,659	138,949

Page 5

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Summary Income and Expenditure Account

for the year ended 30 September 2022

Income Interest and investment income Gross income for the year Expenditure Interest payable Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year	2022 £ 123,454 8,250 131,704 144,814 9,180 153,994 (22,290) (22,290)	2021 £ 150,379 12,500
		162,879
		165,051 9,120
		174,171
		(11,292)
		(11,292)

Page 6

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Balance Sheet

at 30 September 2022

Company No. 07760929 Notes 2022 £ Fixed assets Tangible assets 10 556,620 556,620 Current assets Debtors 11 37,621 Cash at bank and in hand 415,966 453,587 Creditors:Amount falling due within one year 12 (18,931) Net current assets/(liabilities) 434,656 Total assets less current liabilities 991,276 Creditors:Amounts falling due after more than one year 13 (874,617) Net assets excluding pension asset or liability 116,659 Total net assets 116,659 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 116,659 116,659 Reserves 14 Total funds 116,659	2021 £ 556,620
	556,620 41,433 48,922
	90,355 (227,959)
	(137,604) 419,016 (280,067)
	138,949
	138,949
	138,949
	138,949
	138,949

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 2022 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 05 June 2023

And signed on its behalf by:

M.A. RAHMAN Trustee 05 June 2023

Page 7

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts

for the year ended 30 September 2022

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.
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.

Page 9

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

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	Unrestricted £ 52,958 70,496 123,454	Unrestricted funds 2021 £ 150,379 12,500 162,879 26,826 147,345 174,171 (11,292) (11,292) (11,292) 150,241 138,949 Total 2022 £ 52,958 70,496 123,454	Total funds 2021 £ 150,379 12,500
			162,879 26,826 147,345
			174,171
			(11,292)
			(11,292)
			(11,292) 150,241
			138,949
			Total 2021 £ 113,436 36,943
			150,379

Page 10

DARUL JANNAH TRUST AND STRATFORD MUSLIM CENTRE LIMITED

Notes to the Accounts

5 Income from investments

5	Income from investments
		Unrestricted	Total	Total
			2022	2021
		£	£	£
	Rent	8,250	8,250	12,500
		8,250	8,250	12,500
6	Expenditure on charitable activities
		Unrestricted	Total	Total
			2022	2021
		£	£	£
	Governance costs
	Books	1,893	1,893	3,730
	Legal costs	1,582	1,582	2,640
	Covered Teacher	33,750	33,750	20,456
		37,225	37,225	26,826
7	Other expenditure
		Unrestricted	Total	Total
			2022	2021
		£	£	£
	Bank loan and overdraft interest payable	9,180	9,180	9,120
	Employee costs	48,390	48,390	55,200
	Motor and travel costs	607	607	-
	Premises costs	55,614	55,614	79,279
	General administrative costs	2,978	2,978	3,046
	Legal and professional costs	-	-	700
		116,769	116,769	147,345
8	Trustee remuneration and expenses
		2022		2021
		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
		2022		2021
	Salaries and wages	48,390		55,200
		48,390		55,200
	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 2021 At 30 September 2022 Net book values At 30 September 2022 At 30 September 2021 11 Debtors Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Bank loans and overdrafts Other taxes and social security Other creditors Accruals 13 Creditors: amounts falling due after more than one year Bank loans and overdrafts Other creditors 14 Movement in funds At 1 October 2021 Restricted funds: Unrestricted funds: General funds 138,949 Total funds 138,949	2022 £ 791 36,830 37,621 2022 £ 18,211 - - 720 18,931 2022 £ 252,825 621,792 874,617 Incoming resources (including other gains/losses ) £ 131,704 131,704	£ 556,620 556,620 556,620 556,620 Resources expended £ (153,994) (153,994)	£ 556,620
			556,620
			556,620
			556,620
			2021 £ - 41,433
			41,433
			2021 £ - 4 227,255 700
			227,959
			2021 £ 280,067 -
			280,067
			At 30 September 2022 £ 116,659
			116,659

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 2021 £	Unrestricted funds £ 556,620 434,656 (874,617) 116,659 Cash flows £	Total £ 556,620 434,656 (874,617)
			116,659
			At 30 September 2022 £
	48,922	367,044	415,966
	48,922 (280,067) (280,067) (231,145)	367,044 9,031 9,031 376,075	415,966 (271,036)
			(271,036)
			144,930

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 2022

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 Motor and travel costs Vehicles - Fuel 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 2022 £ 52,958 70,496 123,454 8,250 8,250 131,704 1,893 1,582 33,750 37,225 37,225 9,180 9,180 48,390 48,390 607 607 11,949 2,704 397 1,670 34,291 4,603 55,614 112	Total funds 2022 £ 52,958 70,496 123,454 8,250 8,250 131,704 1,893 1,582 33,750 37,225 37,225 9,180 9,180 48,390 48,390 607 607 11,949 2,704 397 1,670 34,291 4,603 55,614 112	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
			-

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 Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,300 1,149 417 2,978 - - 116,769 153,994 - (22,290) (22,290) - (22,290) 138,949 116,659	1,300 1,149 417 2,978 - - 116,769 153,994 - (22,290) (22,290) - (22,290) 138,949 116,659	910 1,740 396
			3,046
			700
			700

			147,345
			174,171 -
			(11,292)
			(11,292) -
			(11,292)
			150,241
			138,949

Page 15