Charity Registration Number: 1163467
Imamia Community Association Of Peterborough
Trustees Report and Accounts
For the Year Ended 31 May 2024
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 2024
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:
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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. �
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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.
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C) Promote such other charitable purposes from time to time are determined.
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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 2024
| Net Income or Loss General Funds B/F Restricted Revenue Funds Designated Fixed Asset Funds Gift Aid Received Total Funds Financial review of the position as at |
2024 £ 23,217 316,002 0 15289 |
|---|---|
| 354508 | |
| 354508 | |
| 31 May 2024 |
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:
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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)
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B) to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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C) select suitable accounting policies and apply them consistently;
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D) make judgements and estimates that are reasonable and prudent;
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E) prepare the financial statements on the going concern basis unless it is inappropriate
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F) to presume that the charity will continue in business;
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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: | 7 March 2025 |
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 2024 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
7 March 2025
Imamia Community Association Of Peterborough Charity Number 1163467
Statement of Financial gains or loss
| INCOMING RESOURCES Income & Endowments from: Donations & Legacies Investment income Gift Aid Total Income RESOURCES EXPENDED Accountancy Fees Charitable activities Ristrected funds Charitable activities Net Incomes for the year Total Funds brought forward Total funds carried forward |
Unrestricted Funds 2024 £ 87,925 767 15289 103,981 600 60314 60914 43,067 316,002 359,069 |
restricted Funds Khums 2024 £ 8369 - - 8,369 - 12930 12930 -4,561 4561 0 |
Current year Total Funds Prior Year Unrestricted Funds 2024 2023 £ £ 96294 123,894 767 - 15289 112,350 123,894 600 600 73244 56,815 13625 73844 71,040 38,506 52,854 320563 263148 359,069 316,002 |
|---|---|---|---|
Imamia Community Association Of Peterborough Charity Number 1163467
BALANCE SHEET AS AT 31 JULY 2024
| 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) Trustee Approved by the Board: 7 March 2025 0 |
2024 £ 485,671 485,671 - 66,221 66,221 1,200 65,021 550,692 196,184 354,508 316,002 38,506 354,508 |
2023 £ 477,971 |
|---|---|---|
| 477,971 - 38529 |
||
| 38,529 600 |
||
| 37,929 | ||
| 515,900 199,898 |
||
| 316,002 | ||
| 263,148 52,854 |
||
| 316,002 | ||
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 2023 £ Unrestricted Revenue Funds 316,002 Restricted funds 4561 320563 Creditors amount falling due after one year Unrestricted & designated funds: |
2024 2023 1200 600 1200 600 136,184 169898 60,000 30000 196184 199898 38,506 52,854 Movement in funds in 2024 Transfers between funds in 2024 Funds carried forward to 2024 £ £ £ 38,506 - 354508 -4,561 - 0 33945 - 354508 |
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