EASTON JAMIA MASJID (A Charitable Incorporated Organisation) Charity No: 1174320
Report and Financial Statements
Year Ended 31[st] August 2021
EASTON JAMIA MASJID
| Contents | Page |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees | 2-3 |
| Statements of Financial Activities | 4 |
| Charity Balance Sheet | 5 |
| Notes forming part of the financial statements | 6-8 |
EASTON JAMIA MASJID
Legal and Administrative information
Constitution
Easton Jamia Masjid is a Charitable Incorporated Organisation and registered charity limited by guarantee and governed by its articles of association and policy document. Charity number 1174320. The Charity was registered on 18[th] August 2017.
Trustees
The directors of the charitable company (‘the Charity”) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
The maximum number of charity Management trustees are12 and Honourable Permanent Trustees are 5.
Currently there are 9 Management board trustees.
At every fourth annual general meeting of the members of the CIO, all of the Managerial Charity Trustees shall seek appointment to the trustees’ board.
Honourable permanent trustees are in permanent position unless otherwise decided by the board.
The trustees serving during the year and since the year end were as follows –
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SYED AJAZ SHAH
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ASHRAF HUSSAIN 3. MOHAMMED YOUNIS
- Abdul Raoof Malik, JP 9. Shahid Hussain Awan
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ZIA HUSSAIN
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ARSHAD MAHMUD
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Abbid Hussain Younis
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Muhamad Yaqub 9. Shahid Hussain Awan 11. Muhammad Javaid 12. Chaudhry Nayeem Tahir
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Majid Hussain 11. Muhammad Javaid 13. Mohammed Arif 14. Mohammad Rashid
Chair
Abdul Raoof Malik, JP
Registered Office
St Marks Road, Easton, Bristol. BS5 6JH
Bankers
Lloyds TSB, 124 High Street, Bristol, BS16 5HJ
Solicitors
Wards Solicitors
35 High Street, Bristol, BS1 2AW
Accountant
Ruhid Accountancy 18A The Shaftesbury Centre, Percy Street, Swindon. SN2 2AZ
1
EASTON JAMIA MASJID
Report of the Trustees of the Year Ended 31[st] August 2021
The trustees are pleased to present their report together with the financial statements of the charity of the year ended 31[st] August 2021.
Legal and administrative information set out on page 1 forma part of this report. The financial statements comply with the current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities.
Objects of the Charity
The objects of the Charity are to –
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To provide a place for Muslims to perform their regular prayers.
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To promote and enlist in co-operation in Islamic Education and Culture and to advance the knowledge and understanding of Islam.
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To organise Islamic conferences, religious meetings, functions, seminars, sessions for interpretation and translation of Quran and Islamic festivals.
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To arrange Islamic Education classes for the children or alternatively to establish and maintain an Islamic religious school.
Audit
The Charity had taken advantage of the exemption from the requirement to have its accounts audited.
Organisation
A Board of Trustees of members, who meet monthly, administers the Charity for day-to-day affairs.
Investment powers
Under the constitution lies on charity document, the Charity has the power to make any investment that the Trustees see fit.
Land & Buildings and new extension
Charity owns two properties from where it runs and earns some rental income too. The rental income purely uses for the charity. Both properties valued to £1,054,000 of which Land £230,000 and Buildings £824,000. 2% Depreciation £16480 was charged on Buildings.
2
EASTON JAMIA MASJID
Report of the Trustees (continued) For the Year Ended 31[st] August 2021
Review of the activates and future development
During the year the normal religious activities have continued. Future developments will cover the on-going work of maintaining the internal and exterior of the Mosque.
Reserve policy and risk management
The Charity has in place, specific commitments from its members to continue their financial support, to enable the Charity to fund its monthly repayments to the Bank, the Trustees are confident that the support of members will continue into the foreseeable future.
Loan Re-pay
Charity took loan 74k from volunteers during the extension project back in 18-19. The remaining 23k has been paid off this year. Loan amount is nil now.
Trustees responsibilities in the relation to the financial statements
Charity Law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs of the Charity, at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to –
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the financial statements comply with the Charity Act 2011. The Trustees 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.
These accounts have been prepared in accordance with the Financial Reporting Standard to Smaller Entities and SORP 2015
By order of the Trustees
Abdul Raoof Malik JP
Trustee
Dated – 20[th] April 2022
3
EASTON JAMIA MASJID STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31[st] August 2021
| Unrestricted Funds | Unrestricted Funds | |
|---|---|---|
| 2021 | 2020 | |
| INCOMING RESOURCES | £ | £ |
| Contributions and Donations received | 41,027 | 67,319 |
| Rental Income | 12,339 | 10,896 |
| TOTAL INCOMING RESOURCES AVAILABLE FOR CHARITY | 53,366 | 78,215 |
| Less Administrative Costs | ||
| Salary and Wages | 4,350 | 19,234 |
| Workplace Pension | - | 369 |
| Printing and Stationary | - | - |
| Insurances | 1,476 | 2132 |
| Accounting Fees | - | - |
| Repairs and Maintenance | 2,630 | 6,000 |
| Telephone | 422 | 599 |
| Light, Heat and Water | 5,735 | 12,207 |
| Temporary Accommodation | 2,400 | - |
| Other Professional Fees | - | 8245 |
| General Expenses | - | 358 |
| Donation | - | 3085 |
| 17,013 | 52,529 | |
| Finance Costs | ||
| Bank Charges | - | - |
| Depreciation:Freehold Property (Note 1, Page 7) | 16,480 | 16,480 |
| TOTAL RESOURCES EXPENDED | 33,493 | 69,009 |
| NET INCOME For Year (operating activities) | 19,873 | 9,206 |
| Total Funds brought forward | 1,110,638 | 1,101,432 |
| Total funds carries forward | 1,130,511 | 1,110,638 |
| - The Statement of Financial Activities includes all gains and losses recognised in the year |
||
| - All incoming resources and resources expended derive from continuing activities |
||
| RECONCILIATION OF MOVEMENT IN FUNDS | 2021 | 2020 |
| £ | £ | |
| Unrestricted General Funds | ||
| Opening Funds 1stSeptember 2020 | 1,110,638 | 1,101,432 |
| Surplus (Deficit) for the period | 19,873 | 9,206 |
| Closing Funds at 31stAugust 2021 | 1,130,511 | 1,110,638 |
4
EASTON JAMIA MASJID CHARITY BALANCE SHEET
As at 31[st] August 2021
| 2021 £ UNRESTRICTED GENERAL FUNDS Total Funds (Page 4) 1,130,511 STATEMENT OF ASSETS & LIABILITIES Tangible Fixed Assets Land and Buildings Building Renovation - Costs 1,054,000 - Less- Accumulated Depreciation 53,765 1,000,235 CURRENT ASSETS Pre-payments 3557 Cash at Bank 127,334 130,891 Less- CURRENT LIABILITIES- amounts falling due within 12 months Creditors 615 NET CURRENT ASSETS (LIABILITIES) 130,276 EXCESS OF ASSETS OVER LIABILITIES 1,130,511 |
2020 £ 1,110,638 1,054,000 - 37,285 1,016,715 - 117,530 117,530 23,607 93,923 1,110,638 |
|---|---|
Creditors NET CURRENT ASSETS (LIABILITIES) EXCESS OF ASSETS OVER LIABILITIES |
For the year ending 31[st] August 2021 the Charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The trustees have not required the Charity to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to Charities subject to the small companies regime.
Approved by the Board and Signed on its Behalf
Abdul Raoof Malik JP – Chair of Trustees Dated – 20[th] April 2022
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EASTON JAMIA MASJID
Notes Forming Part of the Financial Statements For the Year Ended 31[st] August 2021
1. Accounting Policies
The financial statements have been prepared under the historical cost convention and in accordance with the Statements of Recommended Practice, Accounting and Reporting by Charities (SORP 2015), applicable accounting standards FRS 102 and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are as follows.
Cash Flow
The accounts do not include a cash flow statement for the Company, as a Small Reporting Entity, is exempt from the requirement to do so. FRS 102
Depreciation: Property (Buildings)
In accordance with the Statements of Standard Accounting Practice 12 the Charity has provided for depreciation on a straight-line basis at 2% on Buildings
Donations and Grants
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable, expect as follows:
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When donors specify that donations and grants given to the Charity must be used in future accounting periods, the income is deferred until those periods.
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When donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.
When donors specify that donations and grants including capital gains, are for particular restricted purposes which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Intangible Income
Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party.
Interest receivable
Interest is included when receivable by the Charity.
6
Resources expended
Recourses expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered.
Fund accounting
Funds held by the Charity are either:
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Unrestricted general funds – these are funds, which can be used in accordance with the charitable objects at the discretion of the Trustees.
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Designated funds – these are funds set aside by the Trustees out of unrestricted general funds for specific future purpose or projects.
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Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. Legal status of the Charity
The Charity is a Charitable Incorporated Organisation limited by guarantee. The liability of each member in the event of winding-up is limited to £1.
| Incoming Resources Contributions and Donations received Rental Income Tangible Fixed Assets Buildings At Cost1stSeptember 2020 Additions during the year At cost 31stAugust 2021 Depreciation Charge for Year Depreciation at 31stAugust 2021 Net Book Value at 31stAugust 2021 |
2021 £ 41,027 12,339 53,366 2021 £ 1,054,000 - 1,054,000 16,480 53,765 1,000,235 |
2020 £ 67,319 10,896 78,215 2020 £ 1,054,000 - 1,054,000 16,480 37,285 1,016,715 |
|---|---|---|
7
EASTON JAMIA MASJID
Notes Forming Part of the Financial Statements (continued) For the Year Ended 31[st] August 2021
Taxation
The Charity is a registered Charitable Incorporated Organisation and does not have a Corporation Tax liability.
Trustees Emoluments
Trustees do not receive any emoluments.
Capital Commitments
The Charity has no current Capital Commitments.
Post Balance Sheet Events
No events have occurred since the date of these accounts which would have a material bearing on them.
Reserves
| Unrestricted General Funds | 2021 £ 1,130,511 |
2020 £ 1,110,638 |
|---|---|---|
8
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| ort to the trustees/ bers of On accounts for the year ended Set out on pages |
Charity Name EASTON JAMIA MASJID |
Charity Name EASTON JAMIA MASJID |
Charity Name EASTON JAMIA MASJID |
|---|---|---|---|
| 31STAUGUST 2021 | Charity no (if any) |
1174320 | |
| 4&5 (remember to include the page numbers of additional sheets) |
Report to the trustees/ members of
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2021
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [Institute of Financial Accountant ]]
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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.
- Please delete the words in the brackets if they do not apply.
Signed: Name: MD NOMAN RUHID AFA
Date: 01/07/2022
Oct 2018
1
IER
Relevant professional Institute of Financial Accountant (IFA) qualification(s) or body Membership no - 273464 (if any):
Address: RUHID ACCOUNTANCY 18A SHAFTESBURY CENTRE, PERCY STREET SWINDON. SN2 2AZ
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to N/A disclose .
Oct 2018
2
IER