Registered number: 08606491
JAMIA MASJID SWAFIA DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
Jamia Masjid Swafia Directors' Report and Unaudited Financial Statements For The Year Ended 31 May 2023
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 |
Jamia Masjid Swafia Company No. 08606491 For The Year Ended 31 May 2023
| Directors / Trustees | Mr Muhammed Akhtar |
|---|---|
| Mr Sayeed Hanif | |
| Mr Gulfraz Hussain | |
| Mr Malik Hussain | |
| Mr Sajid Hussain | |
| Mr Arshad Iqbal | |
| Mr Mohammed Iqbal | |
| Mr Ghulab Khan | |
| Mr Imran Mehboob | |
| Company Number | 08606491 |
| Registered Office | The Mosque - Park Hill Lane |
| Off Park Lodge Lane | |
| Wakefield | |
| West Yorkshire | |
| WF1 4NJ | |
| Accountants | UK Tax Accountants |
| 89 Jacobs Well Lane | |
| Wakefield | |
| WF1 3PB |
Page 1
Jamia Masjid Swafia Company No. 08606491 Trustees Report For The Year Ended 31 May 2023
The trustees present their report and financial statements for the year ended 31[st] May 2023 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 2023 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
Jamia Masjid Swafia Company No. 08606491 Trustees Report Continued For The Year Ended 31 May 2023
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
-
observe the methods and principles in the Charities SORP
-
estimates that are
-
state whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
-
state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements.
-
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 Gulfraz Hussain Director 27[th] February 2024
Jamia Masjid Swafia Independent Examiner's Report For The Year Ended 31 May 2023
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:
-
to keep accounting records in accordance with section 130 of the 2011 Act;
-
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 Chartered Certified Accountants 89 Jacobs Well Lane Wakefield WF1 3PB
Jamia Masjid Swafia Income and Expenditure Account For The Year Ended 31 May 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| TURNOVER | 547,251 | 240,780 | |
| Cost of sales | (61,920 ) | (37,836 ) | |
| GROSS SURPLUS | 485,331 | 202,944 | |
| Administrative expenses | (155,894 ) | (108,494 ) | |
| Other operating income | - | 480 | |
| OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR | 329,437 | 94,930 |
The notes on pages 7 to 8 form part of these financial statements.
Jamia Masjid Swafia Balance Sheet As at 31 May 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 | 288,469 | 290,395 | ||
| 288,469 | 290,395 | ||||
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 566,787 | 235,424 | |||
| 566,787 | 235,424 | ||||
| NET CURRENT ASSETS (LIABILITIES) |
566,787 | 235,424 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
855,256 | 525,819 | |||
| NET ASSETS | 855,256 | 525,819 | |||
| RESERVES | |||||
| Revaluation reserve | 5 | 62,165 | 62,165 | ||
| Income and Expenditure Account |
793,091 | 463,654 | |||
| MEMBERS' FUNDS | 855,256 | 525,819 |
For the year ending 31 May 2023 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 Gulfraz Hussain Director 27[th] February 2024
The notes on pages 6 to 8 form part of these financial statements.
Page 6
Jamia Masjid Swafia Notes to the Financial Statements For The Year Ended 31 May 2022
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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:
| the following bases: | |
|---|---|
| Freehold | 0 |
| Plant & Machinery | 15 |
2. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
3. Tangible Assets
Land & Property
| Land & Property | |||
|---|---|---|---|
| Freehold | Plant & Machinery |
Total | |
| £ | £ | £ | |
| Cost | |||
| As at 1 June 2022 | 277,558 | 43,256 | 320,814 |
| As at 31 May 2023 | 277,558 | 43,256 | 320,814 |
| Depreciation | |||
| As at 1 June 2022 | - | 30,419 | 30,419 |
| Provided during the period | - | 1,926 | 1,926 |
| As at 31 May 2023 | - | 32,345 | 32,345 |
| Net Book Value | |||
| As at 31 May 2023 | 277,558 | 10,911 | 288,469 |
| As at 1 June 2022 | 277,558 | 12,837 | 290,395 |
Page 7
Jamia Masjid Swafia Notes to the Financial Statements (continued) For The Year Ended 31 May 2022
4. Reserves
| As at 1 June 2022 As at 31 May 2023 |
Revaluation Reserve £ 62,165 62,165 |
|---|---|
5. 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.
6. General Information
Jamia Masjid Swafia is a private company, limited by guarantee, incorporated in England & Wales, registered number 08606491 . The registered office is The Mosque - Park Hill Lane, Off Park Lodge Lane, Wakefield, West Yorkshire, WF1 4NJ.
Jamia Masjid Swafia Detailed Income and Expenditure Account For The Year Ended 31 May 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| TURNOVER | ||||
| Donations | 539,489 | 240,780 | ||
| Grants and subsidies received | 7,762 | - | ||
| 547,251 | 240,780 | |||
| COST OF SALES | ||||
| Other direct costs | 61,920 | 37,836 | ||
| (61,920 ) | (37,836 ) | |||
| GROSS SURPLUS | 485,331 | 202,944 | ||
| Administrative Expenses | ||||
| Wages and salaries | 69,539 | 40,431 | ||
| Employers pensions - defined benefits scheme | - | 90 | ||
| Subcontractor costs | 33,951 | 26,872 | ||
| Health and safety costs | - | 272 | ||
| Light and heat | 12,286 | 4,180 | ||
| Water rates | 1,154 | 886 | ||
| Cleaning | 1,628 | 938 | ||
| Vehicle running costs | 5,315 | 2,586 | ||
| Repairs, renewals and maintenance | 2,261 | 20,260 | ||
| Insurance | 268 | 2,435 | ||
| Printing, postage and stationery | 173 | 1,014 | ||
| Telecommunications and data costs | 264 | 310 | ||
| Legal fees | 293 | - | ||
| Professional fees | 10,723 | 5,395 | ||
| Royalties and licence fees payable | 560 | 560 | ||
| Bank charges | 528 | - | ||
| Charitable donations | 15,025 | - | ||
| Depreciation of plant and machinery | 1,926 | 2,265 | ||
| (155,894 ) | (108,494 ) | |||
| Other Operating Income | ||||
| Other coronavirus grant income | - | 480 | ||
| - | 480 | |||
| OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR | 329,437 | 94,930 |
Page 9