REGISTERED COMPANY NUMBER: 08246178 (England and Wales) REGISTERED CHARITY NUMBER: 1158383
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2020
for
Oswestry Muslim Centre
SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Contents of the Financial Statements for the Year Ended 31 October 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Report of the Trustees
for the Year Ended 31 October 2020
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 31 October 2020. 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
The Charity is established for charitable purposes and the objects of the Charity are:-
To promote for the benefit of the Muslim inhabitants of Oswestry and the surrounding area the provision of facilities for recreation and other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants.
To advance the Islamic Religion for the benefit of the public in Oswestry in accordance with the Qur'an and Sunnah.
Such other charitable purposes for the benefit of the Muslim inhabitants of Oswestry as the trustees shall think fit.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity undertook fundraising campaign during the accounting period and it has been successful.
The charity acquired permanent premises in the previous year. During the current year major renovation works have started to uplift the premises, the charity anticipates the works to be completed by next year.
FINANCIAL REVIEW
Reserves policy
The trustees have established a policy whereby the unrestricted funds held by the charity should be between 3 and 6 months of the resources expended. At this level, the management committee feel that they would be able to continue the current activities of the charity in the event of a significant drop in the funding.
The management committee meet as required to review the activities and finances of the charity.
Total incoming resources for the period amounted to £65,689 (2019: £29,323) with a net surplus of £61,990 (2019 £24,781) at the year end.
FUTURE PLANS
The charity hopes to continue with its fundraising campaign in the coming year in order to fulfil its objects.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08246178 (England and Wales)
Page 1
Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Report of the Trustees
for the Year Ended 31 October 2020
Registered Charity number
1158383
Registered office
SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
Trustees
Rukon Abdullah Trustee Cherag Ali Trustee Rahim Ullah Trustee Faruk Miah Trustee
Independent Examiner
Mr Shalim Uddin - FCA SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
Approved by order of the board of trustees on 25 June 2021 and signed on its behalf by:
Rukon Abdullah - Trustee
Page 2
Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Independent Examiner's Report to the Trustees of Oswestry Muslim Centre
Independent examiner's report to the trustees of Oswestry Muslim Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 accounts to be reached.
Mr Shalim Uddin - FCA SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
25 June 2021
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Oswestry Muslim Centre
Statement of Financial Activities for the Year Ended 31 October 2020
| 31.10.20 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,689 EXPENDITURE ON Raising funds 2 816 Charitable activities Charitable 2,883 Total 3,699 NET INCOME 61,990 RECONCILIATION OF FUNDS Total funds brought forward 87,023 TOTAL FUNDS CARRIED FORWARD 149,013 |
31.10.19 Total funds £ 29,323 3,392 1,150 |
|---|---|
| 4,542 | |
| 24,781 62,242 |
|
| 87,023 |
The notes form part of these financial statements
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Oswestry Muslim Centre
Balance Sheet
31 October 2020
| 31.10.20 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 148,520 CURRENT ASSETS Debtors 7 4,000 Cash at bank and in hand 23,493 27,493 CREDITORS Amounts falling due within one year 8 - NET CURRENT ASSETS 27,493 TOTAL ASSETS LESS CURRENT LIABILITIES 176,013 CREDITORS Amounts falling due after more than one year 9 (27,000) NET ASSETS 149,013 FUNDS 10 Unrestricted funds 149,013 TOTAL FUNDS 149,013 |
31.10.19 Total funds £ 85,588 15,000 16,976 31,976 (2,531) 29,445 115,033 (28,010) 87,023 87,023 87,023 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.
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
continued...
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Oswestry Muslim Centre
Balance Sheet - continued
31 October 2020
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 25 June 2021 and were signed on its behalf by:
Rukon Abdullah - Trustee
The notes form part of these financial statements
Page 6
Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Notes to the Financial Statements for the Year Ended 31 October 2020
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.
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...
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Oswestry Muslim Centre
Notes to the Financial Statements - continued
for the Year Ended 31 October 2020
2. RAISING FUNDS
| Raising donations and legacies | ||
|---|---|---|
| 31.10.20 | 31.10.19 | |
| £ | £ | |
| Support costs | 600 | 3,392 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 29,323 |
| EXPENDITURE ON | |
| Raising funds | 3,392 |
| Charitable activities | |
| Charitable | 1,150 |
| Total | 4,542 |
| NET INCOME | 24,781 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 62,242 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 87,023 |
continued...
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Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
5. 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 31 October 2020 was 3 (2019: 3).
6. TANGIBLE FIXED ASSETS
| COST At 1 November 2019 Additions At 31 October 2020 NET BOOK VALUE At 31 October 2020 At 31 October 2019 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.10.20 £ Other debtors 4,000 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.10.20 £ Other creditors - Accrued expenses - - |
Freehold property £ 85,588 62,932 148,520 148,520 85,588 31.10.19 £ 15,000 31.10.19 £ 1,931 600 2,531 |
|---|---|
continued...
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Notes to the Financial Statements - continued for the Year Ended 31 October 2020
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |
|---|---|---|---|---|
| 31.10.20 | 31.10.19 | |||
| £ | £ | |||
| Other creditors | 27,000 | 28,010 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/11/19 | in funds | 31/10/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 87,023 | 61,990 | 149,013 | |
| TOTAL FUNDS | 87,023 | 61,990 | 149,013 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 65,689 | (3,699) | 61,990 | |
| TOTAL FUNDS | 65,689 | (3,699) | 61,990 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1/11/18 | in funds | 31/10/19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 62,242 | 24,781 | 87,023 | |
| TOTAL FUNDS | 62,242 | 24,781 | 87,023 |
continued...
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Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,323 | (4,542) | 24,781 |
| TOTAL FUNDS | 29,323 | (4,542) | 24,781 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1/11/18 | in funds | 31/10/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62,242 | 86,771 | 149,013 |
| TOTAL FUNDS | 62,242 | 86,771 | 149,013 |
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 | 95,012 | (8,241) | 86,771 |
| TOTAL FUNDS | 95,012 | (8,241) | 86,771 |
continued...
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Doc ID: 11bf0c1f18668c92789e20d764d5f9981e2e56e0
Oswestry Muslim Centre
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2020.
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Oswestry Muslim Centre
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 October 2020 | ||
| 31.10.20 | 31.10.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 55,689 | 29,323 |
| Grants | 10,000 | - |
| 65,689 | 29,323 | |
| Total incoming resources | 65,689 | 29,323 |
| EXPENDITURE | ||
| Other trading activities | ||
| Commission | 216 | - |
| Charitable activities | ||
| Donation | - | 36 |
| Rent | 340 | 1,114 |
| Light and heat | 267 | - |
| Insurance | 956 | - |
| Telephone | 458 | - |
| 2,021 | 1,150 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 600 | 600 |
| Legal fees | 862 | 2,767 |
| Bank Charges | - | 25 |
| 1,462 | 3,392 | |
| Total resources expended | 3,699 | 4,542 |
| Net income | 61,990 | 24,781 |
This page does not form part of the statutory financial statements
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Audit trail
TITLE Oswestry Muslim Centre - Charity Accounts YE 31-10-2020 FILE NAME Oswestry Muslim C...YE 31-10-2020.PDF DOCUMENT ID 11bf0c1f18668c92789e20d764d5f9981e2e56e0 AUDIT TRAIL DATE FORMAT DD / MM / YYYY STATUS Completed
28 / 06 / 2021 Sent for signature to Mr Rukon Abdullah 18:37:30 UTC+1 (rukon1@btinternet.com) and Mr Shalim Uddin (shalim@sknservices.co.uk) from accounts@sknservices.co.uk IP: 62.232.114.2 28 / 06 / 2021 Viewed by Mr Shalim Uddin (shalim@sknservices.co.uk) 19:00:13 UTC+1 IP: 213.205.242.185 28 / 06 / 2021 Signed by Mr Shalim Uddin (shalim@sknservices.co.uk) 19:00:47 UTC+1 IP: 213.205.242.185 14 / 07 / 2021 Viewed by Mr Rukon Abdullah (rukon1@btinternet.com) 21:02:32 UTC+1 IP: 81.156.250.43 14 / 07 / 2021 Signed by Mr Rukon Abdullah (rukon1@btinternet.com) 21:07:03 UTC+1 IP: 81.156.250.43 14 / 07 / 2021 The document has been completed. 21:07:03 UTC+1