2022-03-31-accounts - Wycombe Islamic Mission And Mosque Trust Ltd

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Registered number 01704365

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED

Report and Unaudited Accounts

31 March 2022

Husain Bulman & Co. Chartered Accountants 258 Merton Road London, SW18 5JL

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED Report and accounts Contents

	Page
Company information	1
Directors' report	2
Trustees annual report	4
Chartered Accountants' report	9
Profit and loss account	10
Balance sheet	11
Statement of changes in equity	12
Notes to the accounts	13

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED Company Information

Directors

Chaudry Abdul Rashid Ghalib Hussain Sajid Ali Shafait Ali Mohammed Rafiq Mohib Rasul Sajid Hussain Abdul Jabbar Abdul Qaddoos Sattar Saleem Akhtar Tanwir Bashir Aman Ullah Choudhary Azmat Khan Gulfraz Khan Mohammad Zulkarnan Bashir Abdul Hamid Ashiq Hussain Pervaz Khan Faisal Majeed Choudhry Arshad Mehmood Mohammed Arif Mohammed Rashid Mohammed Yaqub Mohammed Yasin

Secretary Shafait Ali

Accountants

Husain Bulman & Co 258 Merotn Road London SW18 5JL

Bankers Lloyds Bank PLC White Hart Street High Wycombe Buckinghamshire HP11 2HL

Registered office

34 Jubilee Road High Wycombe Bucks HP11 2PG

Registered number 01704365

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED Registered number: 01704365 Directors' Report

The directors present their report and accounts for the year ended 31 March 2022.

Principal activities

The company's principal activity during the year continued to be running of Mosques in the High Wycombe area

Directors

The following persons served as directors during the year:

Chaudry Abdul Rashid Ghalib Hussain Sajid Ali Shafait Ali Mohammed Rafiq Mohib Rasul Sajid Hussain Abdul Jabbar Abdul Qaddoos Sattar Saleem Akhtar Tanwir Bashir Aman Ullah Azmat Khan Gulfraz Khan Mohammad Abdul Hamid Ashiq Hussain Pervaz Khan Faisal Majeed Choudhry Arshad Mohammed Arif Mohammed Rashid Mohammed Yaqub Mohammed Yasin

Directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts 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 accounts 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 these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED Registered number: 01704365 Directors' Report

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 accounts comply with the Companies Act 2006. 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.

Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:

so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 12 December 2022 and signed on its behalf.

Chaudhry Abdul Rashid Director

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED Trustees Annual Report WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED

Registered company number:- 01704365

Trustees Annual Report for the period ended 31March 2020

The Trustees Present the Report and Accounts for the Period ended 31 March 2022 which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name

The legal name of the charity is :- WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED.

The charity's areas operation and UK charitable registration.

The Charity operates in England & Wales and is registered with the Charity Commission with number 1169492

Legal structure of the charity

Company charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts, and its governing document is a Memorandum and Articles of Association under company legislation. The Governing Document is dated 4 March 1983.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number and email and web addresses of the charity are:-

34 Jubilee road

High Wycombe Bucks HP11 2PG

The registered office of the charity for Companies Act

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

The Trustees in office on the date the report was approved were:-

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts

Trustees as members of the charity

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The purpose during the year continued to be advancing the religion of Islam and educating the public in Islam throughout the United Kingdom and in particular the area of Wycombe

The main activities undertaken in relation to those purposes during the year. Operation of mosques in the area

The main activities undertaken during the year to further the charity's purpose for the public benefit.

Maintain the mosques and carry out events on behalf of the mosques. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The short term and longer term aims and objectives.

Short term aims are to maintain the mosques efficiently

The charity's strategies for achieving its aims and objectives in the future.

Increase funding via donations and has also aquired rental properties to increase the income of the charity

How the activities undertaken during the year contributed to the achievement of the aims and Another building was aquired during the year

Resources used in the activities undertaken during the year.

All activites were funded by donations

Social investment policies and how these contributed to the achievement of charity's aims and objectives during the year.

Various functions were held.

The contribution of volunteers during the year.

A large number of the activities were conducted out by volunteers

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

Not Applicable

The main achievements and performance of the charity during the year.

Acquired a new building to convert into a mosque

Fundraising activities during the year.

The charity relies on gifts from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The local muslim community gets a place of worships and better islamic education

The degree to which the achievements and performance during the year have benefited wider society.

The charity has been engaged with the local authority, the teachers have visited the local schools in order to better educate them regarding Islam

The significant charitable activities undertaken in the year.

A number of religious gatherings were organised during the year.

How the achievements during the year measure up to the objectives set.

The achievements were on target with the objectives set out for the year

The methods used to recruit and appoint new charity trustees.

The main method of recruitment was through references

The charity's organisational structure.

The charity has a organisational structure which consists of The Chairman, Secretary, treasurer and Trustees

How the charity makes decisions and how decisions are delegated.

Important and major decisions are made at board meetings whereas the day to day activities have been delegated to appropriate individuals

Setting pay and remuneration of key management personnel

All key management personnel work on a voluntary basis. The pay of other staff is decided by the board.

The trustees' bankers and advisors

Bankers

Lloyds Bank PLC White Hart Street High Wycombe Buckinghamshire HP11 2HL

Solicitors

Investment advisors

Architects

Property Consultants

Surveyors

Accountants

Husain Bulman & Co. 258 Merton road London SW18 5JL

Financial review

The charity's financial position at the end of the period ended 31 March 2022

The financial position of the charity at 31 March 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

2022 2021 £ £ Net income 248,211 242,026 Funds of the charity:- Unrestricted Revenue Funds available for the general purposes of the charity 661,420 535,831 Restricted Revenue Funds - - Restricted Fixed Asset Funds - - Restricted revaluation reserve - - Total Restricted Funds Endowment Revenue Funds - - Endowment Fixed Asset Funds - - Endowment revaluation reserve - - Total Endowment funds Total Funds 661,420 535,831

Financial review of the position at the reporting date,31 March 2022

The trustees consider the financial performance by the charity during the year to have been satisfactory. Specific changes in fixed assets are if any are detailed in the notes to the accounts.

Policies on reserves.

There were no reserves maintained during the period.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Significant events which have affected the financial performance and the financial position.

There were no significant events which affected the financial performance.

Principal funding sources in the year and how these support the key objectives of the charity.

Prinicipal funding source are the regular donations and weekly collections

Funds held as custodian trustees on behalf of others

None

Employment of disabled persons

None

Statement of Directors' and Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, 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 according to the FRS 102 SORP 2015.

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 10 to 12.

The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities 2015 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

These accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 12 December 2022.

Choudry Abdul Rasheed Director and Trustee

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED for the year ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED for the year ended 31 March 2022 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.

Husain Bulman & Co Chartered Accountants 258 Merotn Road London SW18 5JL

12 December 2022

Independent Chartered Accountants' review report to the directors of WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED

We have reviewed the accounts of WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED for the year ended 31 March 2022, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Company’s directors, as a body, in accordance with the terms of our engagement letter dated 30 June 2022. Our review has been undertaken so that we might state to the company's directors those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the accounts

As explained more fully in the Directors' Responsibilities Statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the accounts. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to review historical financial statements and ICAEW Technical Release TECH 09/13AAF Assurance review engagements on historical financial statements . ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of the accounts in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these accounts.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accounts have not been prepared:

so as to give a true and fair view of the state of the Company’s affairs as at 31 March 2022, and of its loss for the year then ended;
in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
in accordance with the requirements of the Companies Act 2006.

Husain Bulman & Co Chartered Accountants 258 Merton Road Wandsworth London SW18 5JL

12-Dec-22

Wycombe Islamic Mission & Mosque Trust Limited Profit and Loss Account for the year ended 31 March 2022

Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit Income from investments Profit before taxation Tax on profit Profit for the financial year	2022 £ 661,420 (156,698) 504,722 (436,695) 97,863 165,890 - 165,890 - 165,890	2021 £ 535,831 (149,735)
		386,096 (395,098) 155,795
		146,793 95,233
		242,026 -
		242,026

Wycombe Islamic Mission & Mosque Trust Limited Registered number: 01704365 Balance Sheet As at 31 March 2022

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Profit and loss account Shareholder's funds	2022 2021 £ £ 1,741,006 1,795,295 6,305 6,305 796,543 591,201 802,848 597,506 (59,543) (74,380) 743,305 523,126 2,484,311 2,318,421 2,484,311 2,318,421 2,484,311 2,318,421	2022 2021 £ £ 1,741,006 1,795,295 6,305 6,305 796,543 591,201 802,848 597,506 (59,543) (74,380) 743,305 523,126 2,484,311 2,318,421 2,484,311 2,318,421 2,484,311 2,318,421

		2,318,421
		2,318,421
		2,318,421

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Chaudhry Abdul Rashid Director Approved by the board on 12 December 2022

Wycombe Islamic Mission & Mosque Trust Limited Statement of Changes in Equity for the year ended 31 March 2022

Share capital £ -	Share premium £ -	Re- valuation reserve £ -	Profit and loss account £ 2,076,395 242,026	Total £ 2,076,395 242,026
-	-	-	2,318,421	2,318,421
-	-	-	2,318,421 165,890	2,318,421 165,890
-	-	-	2,484,311	2,484,311

Wycombe Islamic Mission & Mosque Trust Limited Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings	over 50 years
Leasehold land and buildings	over the lease term
Plant and machinery	over 5 years
Fixtures, fittings, tools and equipment	over 5 years

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Wycombe Islamic Mission & Mosque Trust Limited Notes to the Accounts for the year ended 31 March 2022

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost At 1 April 2021 2,635,117 110,267 Additions - - At 31 March 2022 2,635,117 110,267 Depreciation At 1 April 2021 859,336 98,054 Charge for the year 52,702 2,443 At 31 March 2022 912,038 100,497 Net book value At 31 March 2022 1,723,079 9,770 At 31 March 2021 1,775,781 12,213 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Taxation and social security costs Other creditors	2022 Number 30 Motor vehicles £ 23,378 2,895 26,273 16,077 2,039 18,116 8,157 7,301 2022 £ 6,305 2022 £ 3,393 56,150 59,543	2021 Number 30
		Total £ 2,768,762 2,895
		2,771,657
		973,467 57,184
		1,030,651
		1,741,006
		1,795,295
		2021 £ 6,305
		2021 £ 13,105 61,275
		74,380

6 Other information

WYCOMBE ISLAMIC MISSION AND MOSQUE TRUST LIMITED is a private company limited by shares and incorporated in England. Its registered office is: 34 Jubilee Road

High Wycombe Bucks HP11 2PG

Wycombe Islamic Mission & Mosque Trust Limited Detailed profit and loss account for the year ended 31 March 2022

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross profit Administrative expenses Other operating income Operating profit Income from investments Profit before tax	2022 2021 £ £ 661,420 535,831 (156,698) (149,735) 504,722 386,096 (436,695) (395,098) 97,863 155,795 165,890 146,793 - 95,233 165,890 242,026

Wycombe Islamic Mission & Mosque Trust Limited Detailed profit and loss account for the year ended 31 March 2022

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Other direct costs Administrative expenses Employee costs: Wages and salaries Pensions Motor expenses Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and fax Stationery and printing Bank charges Insurance Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Other legal and professional Other operating income Other operating income	2022 £ 661,420 156,698 272,710 5,658 607 278,975 13,800 543 27,015 41,358 3,709 3,063 1,063 1,571 8,328 57,184 1,871 76,789 3,000 10,150 26,423 39,573 436,695 97,863	2021 £ 535,831
		149,735
		240,930 2,682 535
		244,147
		8,000 2,290 26,534
		36,824
		3,562 - 36 5,920 28,351 57,581 3,441
		98,891
		3,000 11,949 287
		15,236

		395,098
		155,795