Charity Registration Number: 1163467
_Imamia Community Association Of Peterborough_
Trustees Report and Accounts
For the Year Ended 31 May 2023
## **ACCOUNTANTS**
Mohammed Rangzeb B.A, AFA
R & W Accountants 89 Priory Road Peterborough PE3 9EE
_**Imamia Community Association Of Peterborough**_ **Charity Number 1163467**
31 May 2023
The trustees present their report with the accounts for the year ended
_**Reference and administration details: Legal Charity name:**_ Imamia Community Association Of Peterborough
Operating address 57 St Martins Street Peterborough PE1 3BB Telephone number: 07500 121901 Email address: info@imamiacommunity.org.uk
## **Individual trustees as at report approval date:**
Syed Kamran Haider Naqvi Syed Afzal Mehdi
## **The charity's relationships with related parties:**
Bankers Natwest & Metro Bank
Accountants R & W Accountants, 89 Priory Road, Peterborough, PE3 9EE Senior Accountant Mohammed Rangzeb B.A. AFA
## _**legal Structure of the Charity:**_
The charity is governed by it's governing document which is dated 14th July 2021
## _**The Charity registration:**_
The charity is registered with charities commission England & Wales
**Trustee Selection Methods:** The trustees will be elected by The association members
## **The objects of the association are set out in the Charity's constitution:**
- A) To further or benefit the residents of Peterborough and the neighbourhood, without any discrimination, by associating together with the said residents and the local authorities, and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents in accordance with the tenets of Muslim shia ithna asheri faith. **�**
- B) Establish, or secure the establishment of, a community centre (hereinafter called 'the centre') and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
- C) Promote such other charitable purposes from time to time are determined.
- D) To advance the Muslim religion in the city of Peterborough and elsewhere in accordance with the doctrines of Shia ithna-asheri faith.
## **Summary of main activities undertaked for furtherance of Charity's purpose for the public benefit:**
The trustee are satisfied that In order to advance the charity's purpose the association has organised many educational talks in accordance to Shia ithna asheri faith. Furthermore organised social programmes, community coheasion programmes and raised fund to establish a community centre in the City Peterborough United Kingdom to furtherance of association's objects. The trustee has had regard to the Charity Commission's Guidance on public benefit in managing the activities of the Charity.
## **The degree to which the achievements and performance benefited the wider society:**
The trustees are satisfied that considering the resources of the association so much has been achieved in terms of provision of educational events and community cohesion programmes for the benefit of wider society.
## **The Charity's financial position as at 31 July 2023**
|Net Income or Loss
B/F Unrestricted Revenue Funds
B/F Restricted Revenue Funds
Designated Fixed Asset Funds
Gift Aid Received
Total Funds
**Financial review of the position at**|2023
£
52,854
258,587
4,561
-|
|---|---|
||316002|
||316002|
||31 May 2023|
The trustees are satisfied with the charity's financial performance during the year.
## **Policies on reserves**
The reserves are held in charity's reserves account
## **Availability and adequacy of assets of each of the funds**
The board of trustees are satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Statement of Trustees' Responsibilities:**
- A) The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities act 2011 and the Charities (Accounts and reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the charities (accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts accordance to the FRS 102 SORP (Statement of recommended Practice for Accounting and Reporting by the Charities) 2015 (as amended by the bulletin issued in February 2016)
- B) to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- C) select suitable accounting policies and apply them consistently;
- D) make judgements and estimates that are reasonable and prudent;
- E) prepare the financial statements on the going concern basis unless it is inappropriate
- F) to presume that the charity will continue in business;
- G) state whether applicable accounting standards and statements of, recommended practice have been followed, subject to any material, departures disclosed and explained in the financial statements;
## **Signed on behalf of the Board of Trustees**
**Turstee Name** Syed Kamran Haider Naqvi **Signature** ……………………………….................................. **Trustee** Approved by the Board: 28 May 2024
## _**Imamia Community Association Of Peterborough Charity Number 1163467**_
## Independent Examiner's report to the trustees
We report on the accounts for the year ended 31 May 2023 set out on pages 6 to 7
## **Resposibilities and basis of report:**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mohammed Rangzeb B.A, AFA R & W Accountants 89 Priory Road Peterborough PE3 9EE
Approved by independent examiner 28 May 2024
## **Imamia Community Association Of Peterborough Charity Number 1163467**
Statement of Financial gains or loss
|**_INCOMING RESOURCES_**
**_Income & Endowments from:_**
Donations & Legacies
Investment income
**_Total Income_**
**_RESOURCES EXPENDED_**
Accountancy Fees
Charitable activities
**_Charitable activities_**
**_Net Incomes for the year_**
**_Total Funds brought forward_**
**_Total funds carried forward_**|**Unrestricted**
**Funds**
2023
£
112,018
-
112,018
600
56815
57415
54,603
258,587
313,190|**restricted**
**Funds**
2023
£
11876
-
11,876
-
13625
13625
-1,749
4561|**Endowment**
**Funds**
2023
£
-
-
0
-
-
0
-
-
0|**Current year**
**Total Funds**
**Prior Year**
**Unrestricted**
**Funds**
2023
2022
£
£
123894
78,499
-
-
123,894
78,499
600
0
70440
60,541
71040
60,541
52,854
17,958
263148
245190
316,002
263,148|
|---|---|---|---|---|
|||2,812|||
_**Imamia Community Association Of Peterborough**_ **Charity Number 1163467**
## **BALANCE SHEET AS AT 31 JULY 2023**
|Notes
Notes
**Fixed Assets**
Tangible assets
**Current Assets**
Debtors
Cash at bank and in hand
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN
ONE YEAR
3
TOTAL ASSETS LESS LIABILITIES
FUNDS OF THE CHARITY
Unrestricted funds B/F
Periodic Gain (Loss)|2023
£
477,971
477,971
-
38,529
38,529
600
37,929
515,900
199,898
316,002
263,147
52,854
316,001|2022
£
351,125|
|---|---|---|
|||351,125
-
90045|
|||90,045
400|
|||89,645|
|||440,770
177,622|
|||263,148|
|||245,190
17,958|
|||263,148|
0
Trustee Approved by the Board: 28 May 2024
**Imamia Community Association Of Peterborough Charity Number 1163467**
## **Notes to the accounts**
- 1 Accounting Policies
The accounts have been prepared under the historical cost convention, and in accordance with the financial reporting standard 102, (effective 1st Jaunuary 2016) and FRS 102 SORP (Statement of recommended practice for accounting and reporting by Charities) 2015 (as amended by the bulletin issued in February 2016) published the the charities commission January 2016, and as modified by the revaluation of fixed assets in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005), and with the Financial Reporting Standard for Smaller Entities (effective April 2008) and with the Charities Act 1993.
## **Income**
All income is accounted for as received by the charity.
## **Resources expended**
Resources expended are included on an accruals basis.
|2
Creditors amount falling due within one year
Other creditors
3
Bank Mortgage
Other Members Loans
Incomes & Expenditure account summary
Surplus after tax for the year
**_Funds brought_**
**_forward from_**
**_2022_**
£
Unrestricted Revenue Funds
258,587
Restricted funds
4561
263148
Creditors amount falling due
after one year
**_Unrestricted & designated_**
**_funds:_**|2023
2022
600
400
600
400
169,898
177622
30,000
0
199898
177622
52,854
17,958
**_Movement in_**
**_funds in 2023_**
**_Transfers_**
**_between funds_**
**_in 2023_**
**_Funds carried_**
**_forward to 2024_**
£
£
£
54,603
-
313190
-1,749
-
2812
52854
-
316002|
|---|---|