Registered number: 08606573
MADINA MASJID LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
UK Tax Associates Limited 2 Victor Street Bradford BD9 4RB
Madina Masjid Ltd Unaudited Financial Statements For The Year Ended 31 July 2022
Contents
| Contents | |
|---|---|
| Page | |
| Company Information | 1 |
| Trustee Report | 2-3 |
| Independent Examiners Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
Madina Masjid Ltd Company Information For The Year Ended 31 July 2022
| Directors | Mr Rasib Hussain |
|---|---|
| Mr Asif Khan | |
| Mr Mohammed Yaseen | |
| Mr Mohammed Yaseen | |
| Company Number | 08606573 |
| Registered Office | 82-84 St Catherine Street |
| Wakefield | |
| WF1 5BP | |
| Accountants | UK Tax Associates Limited |
| 2 Victor Street | |
| Bradford | |
| BD9 4RB |
Page 1
Madina Masjid Ltd Company No. 08606573 Trustees' Report For The Year Ended 31 July 2022
The trustees present their report and financial statements for the year ended 31[st] May 2022 under the Charities Act 2011, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Organisation
The board of trustees are satisfied with the performance of the charity during the year and the position at 31[st] May 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
The organisational Structure and how decisions are made
Volunteers: Volunteers help out as and when required.
Trustees meet regularly (the intention is monthly) to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members.
Objectives and activities
The charity aims to advance the Islamic religion by providing a mosque with facilities and staff to hold prayers, lectures, visits, and celebrate festivals for members of the public. To provide Islamic education for children. Provide funeral and other services for the local community. Promote cohesion with wider community. Raise and distribute funds to relieve poverty or suffering.
Legal Status
The Charity is an unincorporated charity governed by a written constitution adopted by its members.
There are no restrictions in the governing document on the operation of the charity or on its investment powers , other than those imposed by general charity law.
Page 2
Madina Masjid Ltd Trustees' Report
For The Year Ended 31 July 2022
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
accounting policies and
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observe the methods and principles in the Charities SORP
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estimates that are
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state whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
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state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are responsible for safeguarding state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements. financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
------------------------------------------------------------------Mr Asif Khan Mr Rasib Hussain Director Director 29[th] April 2023 29[th] April 2023
Page 3
Madina Masjid Ltd Trustees' Report For The Year Ended 31 July 2022
I report on the accounts which are set out on the pages 4 to 9
Respective responsibilities of the Trustees and Examiner
The trustees are responsible for the preparation of the accounts. The trustees consider than an audit is not required for the year.
It is my responsibility to :-
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145)5)(b) of the 2011 Act); and state whether particular matters have come to my attention
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is therefore limited.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
Which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act;
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and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met;
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or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
.......................................................................
For and on behalf of
UK Tax Associates Limited 2 Victor Street Bradford BD9 4RB
Page 4
Madina Masjid Ltd Income and Expenditure Account For The Year Ended 31 July 2022
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING SURPLUS Other interest receivable and similar income SURPLUS FOR THE FINANCIAL YEAR The notes on pages 6 to 7 form part of these financial statements. |
2022 £ 85,733 85,733 (16,947 ) 68,786 56 68,842 |
2021 £ 41,106 41,106 (15,001 ) 26,105 44 26,149 |
|---|---|---|
Page 5
Madina Masjid Ltd Balance Sheet As at 31 July 2022
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Revaluation reserve 6 Income and Expenditure Account MEMBERS' FUNDS |
2022 £ £ 893,214 893,214 38,975 38,975 (1,200 ) 37,775 930,989 930,989 254,925 676,064 930,989 |
2022 £ £ 893,214 893,214 38,975 38,975 (1,200 ) 37,775 930,989 930,989 254,925 676,064 930,989 |
2021 £ £ 752,900 752,900 109,847 109,847 (600 ) 109,247 862,147 862,147 254,925 607,222 862,147 |
|---|---|---|---|
| 893,214 37,775 |
|||
| 38,975 (1,200 ) |
109,847 (600 ) |
||
| 930,989 | |||
| 930,989 | |||
| 254,925 676,064 |
|||
| 930,989 |
For the year ending 31 July 2022 the company was entitled to exemption from audit 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 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.
On behalf of the board
Mr Rasib Hussain Mr Asif Khan Director Director
29[th] April 2023
The notes on pages 6 to 7 form part of these financial statements.
Page 6
Madina Masjid Ltd Notes to the Financial Statements For The Year Ended 31 July 2022
1. General Information
Madina Masjid Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 08606573 . The registered office is 82-84 St Catherine Street, Wakefield, WF1 5BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is |
|---|
| provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on |
| the following bases: |
| Freehold 0 |
| Plant & Machinery 15 |
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2021: 1)
4. Tangible Assets
| Cost As at 1 August 2021 Additions As at 31 July 2022 Depreciation As at 1 August 2021 As at 31 July 2022 Net Book Value As at 31 July 2022 As at 1 August 2021 |
Land & Property Freehold £ 752,900 140,314 |
Plant & Machinery £ 845 - |
Total £ 753,745 140,314 894,059 845 845 893,214 752,900 |
|---|---|---|---|
| 893,214 | 845 |
||
| - | 845 |
||
| - | 845 |
||
| 893,214 | - |
||
| 752,900 | - |
Page 7
Madina Masjid Ltd Notes to the Financial Statements (continued) For The Year Ended 31 July 2022
5. Creditors: Amounts Falling Due Within One Year
| Accruals and deferred income | 2022 £ 1,200 1,200 |
2021 £ 600 600 |
|---|---|---|
6. Reserves
| As at 1 August 2021 As at 31 July 2022 |
Revaluation Reserve £ 254,925 254,925 |
|---|---|
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8
Madina Masjid Ltd Detailed Income and Expenditure Account For The Year Ended 31 July 2022
| TURNOVER Donations GROSS SURPLUS Administrative Expenses Wages and salaries Light and heat Water rates Premises insurance Accountancy fees Bank charges OPERATING SURPLUS Other interest receivable and similar income Bank interest receivable SURPLUS FOR THE FINANCIAL YEAR |
2022 £ £ 85,733 85,733 9,800 3,467 933 1,200 600 947 (16,947 ) 68,786 56 56 68,842 |
2022 £ £ 85,733 85,733 9,800 3,467 933 1,200 600 947 (16,947 ) 68,786 56 56 68,842 |
2021 £ £ 41,106 41,106 10,130 803 1,103 1,630 600 735 (15,001 ) 26,105 44 44 26,149 |
|---|---|---|---|
| 56 | 44 |
||
| 68,786 56 |
|||
| 68,842 |
Page 9