Charity number: 1162264
**NEWMARKET ISLAMIC CULTURAL CENTRE DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020**
Accountax Consultants UK Ltd
Chartered Certified Accountants & Registered Auditors
The Basement, Goodmayes House 45-49 Goodmayes Road Ilford London IG3 9UF
**Newmarket Islamic Cultural Centre Trustees' Report and Unaudited Financial Statements For The Year Ended 30 November 2020**
|**Contents**||
|---|---|
||**Page**|
|Company Information|1|
|Trustees Report|2|
|Independent Examiner Report to trustees|3|
|Statement of financial activities|4|
|Balance Sheet|5|
|Income and expenditure account|6|
|Notes to the Financial Statements|7|
|Detailed Income and Expenditure Account|9|
**Newmarket Islamic Cultural Centre Company Information For The Year Ended 30 November 2020**
|**Directors**|Mr Said Bahadar|
|---|---|
||Mr Shajahan Begg|
|**Governing**|Memorandum and articles incorporated 28 Sep 2018 as amended by special resolution registered at|
|**Document**|companies’ house on 27 Nov 2019|
|**Trustees**|SHAJAHAN UDDIN BEGG|
||ALI MOHAMMED|
||SAID BAHADAR|
|**Company Number**|08796832|
|**Charity Number**|1162264|
|**Registered Office**|16 St. Marys Square|
||Newmarket|
||England|
||CB8 0HZ|
|**Accountants**|Accountax Consultants UK Ltd|
||Chartered Certified Accountants & Registered Auditors|
||The Basement, Goodmayes House 45-49 Goodmayes Road|
||Ilford|
||London|
||IG3 9UF|
Page 1
**Newmarket Islamic Cultural Centre Company No. 08796832 Trustees' Report for The Year Ended 30 November 2020**
The trustees present their report and the financial statements for the year ended 30 November 2020.
## **Charity Objective**
The objective of the charity is mainly to make grants to relieve poverty, advance education and to preserve and protect good health.
## **Financial Review**
Major portion of the grants during the year were donated by general public but the charity does not work with professional fundraisers or commercial participators. These grants were used for marriage services afterschool club seminar in different subjects and from scholars from all over the world teaching and learning circles for adults in accordance with the charity objectives.
## **Trustees Responsibilities**
The trustees present their report and the financial statements for the year ended 30 November 2020.
The trustees are responsible for preparing the trustees Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Directors/Trustees**
The directors who held office during the year were as follows:
Said Bahadar Shahjahan Begg
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.
On behalf of the board
----------------------------Dr Said Bahadar
Date: 16 July 2021
Page 2
**Newmarket Islamic Cultural Centre Independent Examiner Report For The Year Ended 30 November 2020**
## **To The Trustees of Newmarket Islamic Cultural Centre:**
We report to the charity trustees on our examination of the accounts of the Company for the year ended 30[th] November 2020.
## **Trustees & Examiner Responsibilities**
As the charity’s trustees of the Company (who are also the directors of the company 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 our self that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, it is our responsibility to:
- To examine the financial statements under section 145 of the Charities Act 2011 (“the 2011 Act”).
- To follow the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act).
## **Independent Examiner Statement:**
We confirm that no material matters have come to our attention which gives us cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 Charities SORP (FRS102).
We 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.
Accountax Consultants UK Ltd Chartered Certified Accountants & Registered Auditors The Basement Goodmayes House, 45-49 Goodmayes Road Ilford
IG3 9UF
Page 3
## **Newmarket Islamic Cultural Centre Statement Of Financial Activities For The Year Ended 30 November 2020**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
**2**
**Total**
**Expenditure on:**
Charitable activities
**3**
**Total**
**Other Operating Income**
**Net income/(expenditure)**
**Net movement in funds**
**5**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**5**|**Unrestricted**
**funds**
£
**2020**
16,129
**16,129**
(6,337)
**9,792**
**12,179**
**21,971**
**21,971**
324,368
**346,339**|**Restricted**
**funds**
£
**2020**
-
**-**
-
**-**
**-**
**-**
-
**-**|**Endowment**
**funds**
£
**2020**
-
**-**
-
**-**
**-**
**-**
-
**-**|**Total**
**funds**
£
**2020**
16,129
**16,129**
(6,337)
**9,792**
**12,179**
**21,971**
**21,971**
324,368
**346,339**|**Prior**
**year**
**funds**
£
**2019**
26,988|
|---|---|---|---|---|---|
||||||**26,988**|
||||||(6,855)|
||||||**(20,133)**|
||||||**-**|
||||||**20,133**|
|||||||
||||||**20,133**|
||||||304,235|
||||||**324,368**|
Page 4
**Newmarket Islamic Cultural Centre Balance Sheet As at 30 November 2020**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**6**
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than**
**One Year**
**7**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2020**
**£**
**£**
350,000
**350,000**
5,979
**5,979**
**5,979**
**355,979**
**(9,640)**
**346,339**
346,339
**346,339**|**2020**
**£**
**£**
350,000
**350,000**
5,979
**5,979**
**5,979**
**355,979**
**(9,640)**
**346,339**
346,339
**346,339**|**2019**
**£**
**£**
350,000
**350,000**
33,008
**33,008**
**33,008**
**383,008**
**(58,640)**
**324,368**
324,368
**324,368**|**2019**
**£**
**£**
350,000
**350,000**
33,008
**33,008**
**33,008**
**383,008**
**(58,640)**
**324,368**
324,368
**324,368**|
|---|---|---|---|---|
|||**350,000**
**5,979**||**350,000**
**33,008**|
||**5,979**||**33,008**
||
|||**355,979**||**383,008**|
|||**(9,640)**||**(58,640)**|
|||**346,339**||**324,368**|
|||346,339||324,368|
|||**346,339**||**324,368**|
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors' responsibilities:**
- 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 Said Bahadar Director 15/07/2021
The notes on pages 7 to 8 form part of these financial statements.
Page 5
## **Newmarket Islamic Cultural Centre Income & Expenditure Account As at 30 November 2020**
|**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS AND SURPLUS FOR**
**THE FINANCIAL YEAR**|**2020**
**£**
**16,129**
**16,129**
(6,337)
12,179
**21,971**|**2019**
**£**
**26,988**|
|---|---|---|
|||**26,988**
(6,855)
-
**20,133**|
Page 6
**Newmarket Islamic Cultural Centre Notes to the Financial Statements For The Year Ended 30 November 2020**
## **1. Accounting Policies**
## **1.1. Basis of Preparation of Financial Statements**
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), and with the Charities Act 2011.
The Charity meets the definition of a public entity under FRS 102.
## **1.2. Going Concern Disclosure**
The Trustees are not aware of any material uncertainties about the charity’s ability to continue as a going concern. The financial statements have therefore been prepared on the basis that the charity is a going concern.
## **1.3. Income**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy and there is certainty of receipt.
Donations and legacies: This comprise of all incoming resources from donations collected during the year.
## **1.4. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of obligation can be measured reliably.
## **2. Donations and legacies**
|Donations|**Unrestricted**
**Funds**
**2020**
**£**
16,129
**16,129**|**Restricted**
**Funds**
**2020**
**£**
-
**-**|**Total**
**Funds**
**2020**
**£**
16,129
**16,129**|**Total**
**Funds**
**2019**
**£**
26,988|
|---|---|---|---|---|
|||||**26,988**|
## **3. Expenditure on activities**
|Rent
Rates
Light and heat
Insurance
Professional fees|**Unrestricted**
**Funds**
**2020**
**£**
228
1,753
3,766
590
-
228
**6,337**|**Restricted**
**Funds**
**2020**
**£**
-
-
**-**|**Total**
**Funds**
**2020**
**£**
228
1,753
3,766
590
-
228
**6,337**|**Total**
**Funds**
**2019**
**£**
1,484
652
840
-
3,879
1,484|
|---|---|---|---|---|
|||||**6,855**|
Page 7
**Newmarket Islamic Cultural Centre Notes to the Financial Statements For The Year Ended 30 November 2020**
## **4. Cash at bank and in hand**
|**At 1st Dec**
**2019**
**£**
324,368
**324,368**|**Income**
**£**
16,129|**Grant**
**£**
12,179
**12,179**|**2020**
**2019**
**£**
**£**
5,979
33,008
**5,979**
**33,008**
**Expenditure**
**At 30th Nov**
**2020**
**£**
**£**
(6,337)
346,339
**(6,337)**
**346,339**|**2019**
**£**
33,008|
|---|---|---|---|---|
|||||**33,008**|
||**16,129**||||
**5. Statement of funds**
**6.Tangible Assets**
|**6.Tangible Assets**|||||
|---|---|---|---|---|
||||||
|||**Land & Property**|||
|||||**Freehold**|
|||||**£**|
|**Cost**|||||
|As at 1 December 2019||||350,000|
|As at 30 November 2020||||350,000|
|**Net Book Value**|||||
|As at 30 November 2020||||350,000|
|As at 1 December 2019||||350,000|
|**7.Creditors: Amounts Falling Due After More Than One Year**|||||
||**2020**|||**2019**|
||**£**|||**£**|
|Other creditors|9,640|||58,640|
||9,640|||58,640|
||9,640||||
||||||
Page 8
## **Newmarket Islamic Cultural Centre Detailed Income and Expenditure Account For The Year Ended 30 November 2020**
|**TURNOVER**
Donations
Rent Received
**GROSS SURPLUS**
**Administrative Expenses**
Rent
Rates
Light and heat
Insurance
Professional fees
**Other Operating Income**
Grants and subsidies received
**OPERATING SURPLUS AND SURPLUS FOR THE**
**FINANCIAL YEAR**|**2020**
**£**
**£**
16,129
-
**16,129**
**16,129**
228
1,753
3,766
590
-
**(6,337 )**
12,179
**12,179**
**21,971**|**2020**
**£**
**£**
16,129
-
**16,129**
**16,129**
228
1,753
3,766
590
-
**(6,337 )**
12,179
**12,179**
**21,971**|**2019**
**£**
**£**
25,263
1,725
**26,988**
**26,988**
1,484
652
840
-
3,879
**(6,855 )**
-
**-**
**20,133**|**2019**
**£**
**£**
25,263
1,725
**26,988**
**26,988**
1,484
652
840
-
3,879
**(6,855 )**
-
**-**
**20,133**|
|---|---|---|---|---|
||||
||
|||**21,971**||**20,133**|
Page 9