CHARITY REGISTRATION NUMBER: 1174911 Moseley Muslim Community Association CIO Financial Statements For the Year Ended 31 July 2024
Moseley Muslim Community A550ciation CIO Financial Statements Yeay ended 31 July 2024 Page Trustees, report Independent Examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of Cash Flows Notes to the financial statements
Moseley Muslirn Community Association CIO Trustees, Annual Report Year ended 31 July 2024 The trustees present their report and the financial statements of the charity for the year ended 31 July 2024. Reference and administrative details Registered charity name Moseley Muslim Community Association CIO Charity registration number 1174911 Principal office and registered 496 Moseley Road office Birmingham BI? 9AH The trustees A Ra5hid MEAwan J Arain M K Chaudhry M I Shaikh S K Chaudhry P D 05born K Shaikh R Carter T Azarpay Accountants Younis Bhatti & Co. Chartered Accountants & Ststutory Auditors 93 Broad Street Birmingham B15 IAU Bank HSBC Bank PIC New Street Birniingham B2 4JU
Moseley Muslim Community A550ciation CIO Trvstees, Annual Report (continuedj Year ended 31 July 2024 Structure, governance and management Governin Document The OTganisation is a charitable incorporated organisation (CIO}, and restered as a charity on 2 October ?017. The charity was established under an'Association Model Constitution, which established the oblts aiid powers of the charitable CIO and is governed uiider its Constitution. In event of the charity teing wound up, the members of the CIO have no liability to contribute to its a55ets and no personal responsibility for settling its debts and liabilities. Recruitment and A ointment of Mana ement Committee The charity trustees for the PUTposes of charity law and under the constitution are known as members of the Management Committee. Under the requirements of the constitution the members of the Management Committee are elected to serve for a period of three years after which they must be re- elected at the next Annual General Meeting. Trustee Induction and Trainin The trustees are already familiar with the practical M'ork of the charity and are encouraged to take up training courses offered as part of good governance which are run during the year. Risk Mana ement The Manasement Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated regularly. Where appropriate. systems or procedures have been established to mitigate the risks the charity face5. anisational Structure The Management Committee meet up monthly and are responsible for the strategic direction and policy of the charity. Other 5Tnaller committees are Finance CoTnmittee, Community Engasement Committee and Communication Committee and meet up a5 and when requiTed. A Centre Manager has been appointed with the responsibility for the day to day operational management of the Community Centre.
Moseley Muslim Community Association CIO Trustees. Annual Report continued) Year ended 31 July 2024 Structure, governance and management (coiitiiiiied) Objectives and activities The charity's objects and principal activities are to: To further or benefit the residents of Balsall Heath and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities. voluntary and other organisations in a common effort to adiiance 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 furtherance of these objecLs but not otherM1i5e, the trustees shall have power: To establish or secure the establishment of a community centre and to maintain or manage or co- operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. We have referred to the guidance contained in the Charity Commission's general guidance OTh public benefit when reviewing our aims and objectives and in planning our future activities. Achievements and perfomiance The charity owns The Moseley School of Art, a Listed Grade Il. building which is currently used as a community centre known as Moseley Community Hub. At the year end 31 July 2024 most of the building had been let on rental and the halls hired on daily basis. Financial review At 31 July 2024 the charity made a Surplus income of £48%85. Investment Polic As most of the charity'5 funds are to Ee spent in the short terni there are no long term investments. A review of investment policies is therefore planned in the new financial year. Reserves Polic The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed OT invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the activities of the charity in the event of a significant drop in income. In the short term the Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstance5 arise.
Moseley Muslim Community Association CIO Trustees, Annual Report (continued) Year ended 31 July 2024 Trustees. responsibilities statement The trustees are responsible for preparing the trustees, report and the finaiicial statements in accordance with applicable law and United Kingdom Accountiiig Standards (United Kingdom Generally Accepted Accounting Practice)- The law applicable to charities in England and Wales requires the 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 preparin8 these financial statenients, the trustees are required to: select suitable accounting policies and then apply them consistendy: observe the methods and principles in the applicable Charities SORP {FR5102); make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are a150 responsible for Safeguarding the assets of the chaTity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on 29th May 2025 and signed on behalf of the board of trustees by.. M K Chaudhry Trustee J Arain Trustee
Moseley Muslim Community Associat7on CIO Independent Examiner's Report to the Trustees of Moseley Muslim Community Association CIO Year ended 31 July 2024 We report to the trustees of Charitable Incorporated Organisation (CIO) on our examination of the accounts of M05eley Muslim Conimunity A550ciation CIO for the year ended 31 July 20?4 which comprise the Statement of Financial Activities, the Statement of Financial Position, Statenient of Cash Flows aiid the related notes. Responsibilities and basts of report As explained more fully in the trustees, responsibilities statement (sel out on page 4), the trustees are responsible for the preparats.on of the financial statements which give a true & fair view. Having satisfied ourselves that the accounts of the CIO are not required to be audited under Part 16 of the 2006 Act and are ellble for independent examination, We Teport in respect of our examination of YOUT CIO'S accounts a5 carried out under section 145 of the Charities Act 2011 {'the 2011 Act). In carrying out our examination we have followed the Directions give by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement We have Completed our examination. We can confirni that no material matters have come to our attention in connection with the examination giving us cause to believe that.. accounting records were not kept in accordance with section 386 of the 2006 Act. or the accounts do not accord with those records.. or the accounts do not coniply with the accounting requirements under section 396 OF the 2006 Act 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,. or the accounts have not en prepared in accordance with the Charities SORP. We have no concerns and have come across no other matteTS 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. ammad Younis Bhatti FCA For and on behalf of Younis Bhatti & Co. Ltd Chartered Accountants 93 Broad Street Birmingham B15 IAU Date: 29h May 2025
Moseley Muslim Community Association CIO Statement of Financial Activities (including income and expenditure account) For the Year to 31 July 2024 2024 Restricted funds 2023 Unrestr]cted iids Total Note Income and endowments DoiiatiDn5 and legacies Charitable activities Other trading activities Interest received 309 5,500 105.143 309 5,500 105.J43 180 3,000 110,231 Total income 110,952 110,952 113,411 Expenditure Expenditure on Taising funds: Costs o( raising donations and legacies Costs of other trading activities Expenditure on charitable activities Bank interest paid Total expenditure 70,693 1374 72.067 80,669 70,693 1,374 71067 80,669 Net incomelldeficit) 40,259 (1,3741 38.885 32,742 Other recognised gains and losses Other gains/(10sses) Net movement in funds 40.259 (1.374) 38,885 32,742 Reconciliation of funds Total funds brought forward Total funds carried fonNard 732.194 197.657 929.851 897,109 12 772.453 196,283 968.736 929,851 The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. The notes on pases 9 to 15 form part of these financial statement5.
Moseley Musltm ComTDunity Association CIO Statement of Financial Position 31 July 2024 2024 2023 Note Fixed assets Land and Buildings Furniture, Fixture & Fittings Computer Equipment 771,217 17.446 266 771,217 19,384 355 15 788.929 790,956 Current assets Debtors Cash at bank and in hand 10 11,594 187.056 10,874 144,047 198.650 154,921 Creditors: amounts falling due within one year Net current assetsl(liabilities) Total assets less current liabilities li 18.843 16,026 179.807 138,895 968.736 929,85] Creditors due after more than one year Net assets 13 968,736 929,851 Funds of the chartty Restricted funds Unrestricted funds 12 12 196.283 T72.453 197,657 732,J94 Total charity funds 968.736 929,851 These financial statements have been prepared in accordance with the provisiors applicable to charities. These financial statements were approved by the board of trustees on 291h May 2025. and signed on behalf of the board by.. M K Chaudhry Trustee J Arain Trustee The notes on pages 9 to 15 forni part of these financial statements.
Moseley Muslim Community Association CIO Statement of Cash Flows Year ended 31 July 2024 Note 2024 2023 Cash flows from operating activities 14 43,009 19,432 Interest paid Net Cash flow from operating activities 43.009 19,432 Cash flow from investing actii'ities Payments to acquire taiigible fixed assets Interest received Net Cash flow from inTr'esting acti)'ities Cash flow from financing activities Receipts of short terni finance Net cash from financing activities Net increasel (decrease) in cash and cash equivalents Cash and cash equivalents at 31 July 2023 Cash and cash equivalents at 31 July 2024 43.009 144.047 19.432 124.615 187,056 144,047 Cash and cash equivalents con515t of: Cash at bank and in hand 187,056 144,047 Cash and cash equivalent5 at 31 July 2024 187,056 144,047 The notes on pages 9 to 15 forni part of these financial statements.
M05eley Muslim Community A550ciatRon CIO Notes to the Financial Statements Year ended 31 July 2024 General infomiation The charity is a public benefit entity and a CIO, registered M'ith the Charities Commission in England and Wales (Reg No: 1174911). The address of the Charity oflice is 496 Moseley Road, Birniingham Bl? 9AH. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)). Accounting policies Basis of preparation The financial statenients have been prepared on the historical c05t basis. Going concern There are no material uncertainties about the charity's ability to continue. Disclosure exemptions The entity 5ati5fies the criteria of being a qualifying entity as defined in FRS 102. As such, the exemption available under paragraph 1.12 of FRS 102 with re8aTd to disclosures in respect of financial instruments has been taken. Judgements and key sources of estimatlon uncertainty The Preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts repoTted. These estimate5 and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting UnTe5tricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earniarked by the trustees for parttcular future project or commitment. Restricted funds are subj'ected to restrictio% on their expenditure declared by the donor or through the tern of an appeal and fall into one of two sub-classes.. restricted income funds or endowment funds.
Moseley Muslim Conimunity Association CIO Notes to the Financial Statements (continued) Year ended 31 July 2024 Accounting policies (coiitliiiied) Incoming resources All incoming resources are included in the statement of financial activities M'hen entitlement has passed to the charity,. it is probable that the econoniic benefits asSOClated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donations or grants is recognised when there i5 evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlemeiit is established. income from donated goods is measured at the fair value of the good5 unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. incorne from contracts for the Supply of services Is recogn15ed with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recogni5ed on an accruals basis as a liability is incurred. Expenditure includes any V AT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable tradin8 actsvities. and the sale of donated goods. expenditure on charitable activities includes aIl costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support Costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor pait of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, justifi'able and consistent basis. -1
Moseley Muslim Community Association CIO Notes to the Financial Statements (continued) Year ended 31 July 2024 Accounting policies (coiitiiiiied) Financial instruments A financlal asset OT a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recogni5ed at the amount receivable or payable including any Telated transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment 15 subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at COSt less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset Is deferred beyond normal busine55 terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any change5 recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Finaneial assets that are rneasured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain wa5 recognised. For all equity instruments regardless of significance. and other financial assets that are individually sisnificant, these are assessed individually for impainnent. OtheT financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a caTrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Depreciation Depreciation is charged at the following rates: Land & Buildings- nil % Furniture & Fixture - IO% reducing balance Computer Equipment- 25% reducing balance -li-
Moseley Muslim Community Association CIO Notes to the Financial Statements (continuedj Year ended 31]uly 2024 Donations and legacies Unrestricted Fund5 Restricted Funds Total 2024 2023 Donations Other Donations 309 309 180 309 180 Charitable activities Unrestricted Restricted Funds Funds Total 2024 2023 B VSC- Long Covid Project 5.5LNI 5,5(Ml 3,000 5500 5,500 3.000 Other trading activities Unrestricted Restricted Funds Funds Total 2024 2023 Hall hire & rental income Other income 102,262 2.881 102.262 2,881 106,289 3,942 105,143 105.143 I JO,231 -12-
M05eley Muslirn Community Association CIO Notes to the Financial Statements {conlinutdJ Year ended 31 July 2024 Expenditure on charitable activities by fund type Unrestricted Fund Restricted Funds Total 2024 2023 Repairs and renovation BVSC - Long Covid Project Costs Centre Manager's salary cost Support costs Accountancy fee Depreciation 4,484 5,51K) J 5,030 43,081 1,945 653 4.484 5500 15.030 43,081 1.945 2.027 5,639 3,000 17,451 50,362 1,945 2,272 1,374 70,693 1374 72.067 80,669 Net income Net income 15 ststed after charging.. 2024 2023 Accountancy fee payable for the financial statements 1.945 1,945 Trustee remuneration and expenses No remuneration or other benefits from employment with the charity were received by the trustee5. 10. Debtors: amounts falling due withln one year 2024 2023 Trade debtors Other debtors and prepayments 10.887 707 9,290 11594 10.874 ii. Creditors: amounts falling due wfthin one year 2024 2023 Accruals and deferred income PAYE and National Insurance 18,722 15,972 18.843 16.026 -13-
Moseley Muslim Community A550ciation CIO Notes to the Financial Statements (continu Year ended 31 July 2024 12. Analysis of charltable funds Unrestricted funds Ai 37 Jul 2023 Gaiiis and At losses 31 Jul 2024 Inconie Expenditure Transfers General funds 732.194 110.952 (70.693) TJ1453 732,194 110.952 (70.693) 772.453 Restricted funds At 31 Jul 2023 Gains and At losse5 31 Jul 2024 Income Expenditure Transfers Grants DonatioTLS 197,657 (1.374) 196.283 197.657 (1.374) 196.283 13. Analysis of net assets between funds Unrestricted Funds Restricted Funds Total 2024 2023 Fixed A55ets Current assets Creditors less than l year 592.646 198,650 {18,843) 196,283 788.929 198.650 (18.843) 790,956 154,921 (16,026) Net assets 771453 J96,283 968.736 929,851 -14-
Moseley Muslim Community Association CIO Notes to the Financial Statement5 {continuedJ Year ended 31 July 2024 14. RecunciliAtiun of net income l {expenditure) to nel rash flow from operatillg activitie5 2024 Net income/(expenditure) for the year Adjust for.. Interest receivable Interest payable Depreciation Ilncrease)/decrease in debtor5 Increase/(decrease) in creditors 38,885 32,74? 2,027 (720) 2.817 2,272 8,394 {?3.976) Net cash flow from operating activitie5 43.009 15. Tangible fixed assets IAnd and Buildings Furniture & Fixtures Computer equipment Total 2024 Cost or valuation: At l August 2023 Capitalised expenditure Accumulated depreciation 7n,217 28.613 631 800.461 {11.167) (365) {11,532) At 31 July 2024 771.217 17.446 266 788,929 16. Trustees, and key management personnel remuneration and expenses The trustees neither received nor waived any remuneration during the year. The trustees did not have any expenses reimbursed during thc year. 17. Related part). ¢ransaction5 There were no relaled party Iransactions during the year. -1