## **PARK ROAD COMMUNITY TRUST**
## **REPORT AND FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED TO 31ST JANUARY 2021**
Charity Commission Reference Number 1180359
**7 Wellington Road East Dewsbury West Yorkshire WF13 1HF**
## PARK ROAD COMMUNITY TRUST REPORT AND FINANCIAL STATEMENTS
|Contents
Legal and Administrative Information
Statement of Trustees' Responsibilities
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|Page
1.
2.
3 - 4.
5.
6.
7.
8 - 13.|
|---|---|
PARK ROAD COMMUNITY TRUST
## LEGAL AND ADMINISTRATIVE INFORMATION
|Chairman
:|Chairman
:|Chairman
:|Chairman
:|Chairman
:|Chairman
:|||Mr. A. H. S. Variava|
|---|---|---|---|---|---|---|---|---|
|Treasurer
:||||||||Mr. Z. Patel|
|Trustees
:||||||||Mr. M. Islam|
|||||||||Mr. S. M. Khan|
|||||||||Mr. A. Butt|
|||||||||Mr. A. Islam|
|||||||||Mr. I. Bham|
|||||||||Mr. M. Y. Bham|
|||||||||Mr. A. Butt|
|||||||||Mr. I. Monir|
|Independent Examiner
:||||||||Walter Dawson & Son|
|||||||||7 Wellington Road East|
|||||||||Dewsbury|
|||||||||WF13 1HF|
|Bankers
:||||||||Barclays Bank PLC|
|||||||||Leicester|
|||||||||Leicestershire|
|||||||||LE87 2BB|
|Solicitors
:||||||||Handslaw Solicitors|
|||||||||Dewsbury Business Centre|
|||||||||13 Wellington Road|
|||||||||Dewsbury|
|||||||||WF13 1HF|
|Registered Office
:||||||||Mencap Hall|
|||||||||Park Road|
|||||||||Batley|
|||||||||WF17 5LP|
1
## PARK ROAD COMMUNITY TRUST
## STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity 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 income and expenditure of the charity for that period. In preparing the financial statements, the trustees are required to:
- (a) select suitable accounting policies and then apply them consistently;
- (b) observe the methods and principles in the Charities SORP;
- (c) make judgements and estimates that are reasonable and prudent;
- (d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- (e) 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 keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
2
PARK ROAD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE PERIOD 31ST JANUARY 2021
The trustees present their annual report and the financial statements of the charity for the period 31st January 2021.
The financial statements have been prepared in accordance with the charity's accounting policies and the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: 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).
## 1. Structure, Governance and Management
The charity is managed by Mr A. H. S. Variava with the help of secretary Mr A. Butt as well as 8 other trustees. These have overseen the building works of Masjid Taqwa Park Road and regularly held meetings to keep all trustees updated on progress. In order to determine the future events of the charity, all trustees have to give their approval before work commences.
## 2. Objectives
The charity has acquired and developed Masjid Taqwa Park Road in order to develop a Mosque which can be used by members of the community. This includes prayer sessions as well as educational sessions for younger children.
When planning the activities for the period, the trustees have considered the Commission's guidance on public benefit.
## 3. Achievements
The performance of the charity is monitored by the trustees through regular meetings and the means of feedback from users of the Mosque. During the period, Masjid Taqwa Park Road has become fully functional for users of the community. Due to the effects of the Covid-19 Pandemic, educational sessions have been limited and prayer sessions have at times been limited to private prayer however the trustees are confident that the Mosque will return to full capacity as soon as government restrictions allow.
## 4. Financial Review
The trustees have accumulated over £68,185 cash at bank and in hand to enable completion of the mosque development as of the year end. Donations continue to be taken and all work set out at the incorporation of the charity for the first year has been completed. Going forward, the charity is in a good financial position to continue improvement works.
## 5. Reserves Policy
Reserves will be re-invested back into the Masjid maintaining and improving the experience for all local community users.
3
## PARK ROAD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE PERIOD TO 31ST JANUARY 2021
This report was approved and authorised for issue by the trustees on 19th October 2022 and signed on their behalf by:
Mr A. H. S. Variava Trustee
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
OF PARK ROAD COMMUNITY TRUST
I report to the trustees on my examination of the financial statements of the charity for the period ended 31st January 2021 which are set out on pages 6 to 13.
## Responsibilities and Basis of Report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity'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 2011 Act.
## Independent Examiner's Statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(a) accounting records were not kept in respect of the charity required by Section 130 of the Act; or
- (b) the financial statements do not accord with those records; or
(c) the financial statements do not comply with the applicable requirements concerning the form and
content of the financial statements set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the financial statements 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 financial statements to be reached.
Graham Atkinson FCA
WALTER DAWSON & SON
## Chartered Accountants
7 Wellington Road East Dewsbury West Yorkshire WF13 1HF 19th October 2022
5
## PARK ROAD COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD TO 31ST JANUARY 2021
|NET MOVEMENTS IN FUNDS
RECONCILIATION OF FUNDS
EXPENDITURE ON:
Raising Funds
TOTAL INCOME AND
ENDOWMENTS
INCOME AND ENDOWMENTS
FROM
:
Donations and Legacies
TOTAL EXPENDITURE
Total Funds at 31st January 2021|Notes|Total 2021|Total
2020|
|---|---|---|---|
||4
5
7|||
|||£
121,241|£
297,567|
|||121,241|297,567|
|||38,559|18,408|
|||38,559|18,408|
|||82,682|279,159|
|||82,682|279,159|
All incoming resources and resources expended derive from continuing activities.
6
|Notes
£
£
8
294,401
294,401
9
373
68,185
68,558
10
(1,118)
67,440
361,841
11
361,841
-
361,841
361,841
General Funds
Designated Funds
CREDITORS:
Amounts Falling
Due Within One Year
NET CURRENT ASSETS
CURRENT ASSETS
2021
FIXED ASSETS
Tangible Assets
PARK ROAD COMMUNITY TRUST
BALANCE SHEET AS AT 31ST JANUARY 2021
UNRESTRICTED FUNDS
Debtors
Cash at Bank and in Hand
The Funds of the Charity:|Notes
£
£
8
294,401
294,401
9
373
68,185
68,558
10
(1,118)
67,440
361,841
11
361,841
-
361,841
361,841
General Funds
Designated Funds
CREDITORS:
Amounts Falling
Due Within One Year
NET CURRENT ASSETS
CURRENT ASSETS
2021
FIXED ASSETS
Tangible Assets
PARK ROAD COMMUNITY TRUST
BALANCE SHEET AS AT 31ST JANUARY 2021
UNRESTRICTED FUNDS
Debtors
Cash at Bank and in Hand
The Funds of the Charity:|Notes
£
£
8
294,401
294,401
9
373
68,185
68,558
10
(1,118)
67,440
361,841
11
361,841
-
361,841
361,841
General Funds
Designated Funds
CREDITORS:
Amounts Falling
Due Within One Year
NET CURRENT ASSETS
CURRENT ASSETS
2021
FIXED ASSETS
Tangible Assets
PARK ROAD COMMUNITY TRUST
BALANCE SHEET AS AT 31ST JANUARY 2021
UNRESTRICTED FUNDS
Debtors
Cash at Bank and in Hand
The Funds of the Charity:|Notes
£
£
8
294,401
294,401
9
373
68,185
68,558
10
(1,118)
67,440
361,841
11
361,841
-
361,841
361,841
General Funds
Designated Funds
CREDITORS:
Amounts Falling
Due Within One Year
NET CURRENT ASSETS
CURRENT ASSETS
2021
FIXED ASSETS
Tangible Assets
PARK ROAD COMMUNITY TRUST
BALANCE SHEET AS AT 31ST JANUARY 2021
UNRESTRICTED FUNDS
Debtors
Cash at Bank and in Hand
The Funds of the Charity:|£
£
248,726
248,726
681
30,252
30,933
(500)
30,433
279,159
279,159
-
279,159
279,159
2020|£
£
248,726
248,726
681
30,252
30,933
(500)
30,433
279,159
279,159
-
279,159
279,159
2020|
|---|---|---|---|---|---|
||SHEET AS AT 31ST|||||
||Notes|||||
||8
9
10
11|||||
||||294,401
67,440||248,726
30,433|
|||68,558
(1,118)||30,933
(500)||
|||361,841
-||279,159
-||
||||361,841||279,159|
||||361,841||279,159|
|||||||
||||361,841||279,159|
The financial statements were approved and authorised for issue by the Trustees on 19th October 2022 and signed on their behalf by:
Mr A. H. S. Variava Chairman
7
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
## 1. STATUTORY INFORMATION
Park Road Community Trust is a charity domiciled in England and Wales, registration number 1180359. The principal place of business is 1 Bridge Street, Batley, West Yorkshire, WF17 5NU.
## 2. COMPLIANCE WITH ACCOUNTING STANDARDS
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) and the Charities Act 2011.
## 3. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention.
The presentation currency is sterling.
The particular accounting policies adopted are as follows:
- (a) Donations, Legacies and Similar Incoming Resources Donations, legacies and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.
## (b) Grants Receivable and Local Authority Fees
- Grants receivable and local authority fees are credited to the Statement of Financial Activities (SOFA) in the year for which they are received. Deferred income represents amounts received for future periods and is released to income resources in the period for which it has been received.
## (c) Expenditure
All expenditure is included on an annual basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
8
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
## 3. ACCOUNTING POLICIES (continued)
## (d) Tangible Fixed Assets
Depreciation is provided on a straight line or reducing balance basis over the expected useful lives of each category of tangible fixed assets:
Freehold Buildings Fixtures and Fittings
No depreciation. 25% per annum on written down value
## (e) Fund Accounting
Funds held by the charity are either:
- **.** _Unrestricted general funds -_ these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- **.** _Designated funds -_ these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
- **.** _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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
|4.|General Donations
DONATIONS AND LEGACIES|Unrestricted
Funds|Total 2021|Total
2020|
|---|---|---|---|---|
|||121,241|£
121,241|£
297,567|
|||121,241|121,241|297,567|
9
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
## 5. RAISING FUNDS
|RAISING FUNDS||||
|---|---|---|---|
|Equipment Hire
Telephone
Postage and Stationery
Wages and Salaries (Including NI)
Sundries
Repairs and Renewals
Depreciation
Insurance
Accountancy Fees
Light and Heat
Rates|Unrestricted
Funds|Total 2021|Total
2020|
||£
27,810
867
550
5,547
326
372
444
888
1,290
132
333|£
27,810
867
550
5,547
326
372
444
888
1,290
132
333|£
6,950
1,278
500
5,125
478
920
339
1,676
1,142
-
-|
||38,559|38,559|18,408|
## 6. STAFF COSTS AND TRUSTEES' REMUNERATION
|STAFF COSTS AND TRUSTEES'REMUNERATION|||
|---|---|---|
|Wages and Salaries
Social Security Costs
Other Pension Costs|2021|2020|
||27,810
-
-|£
6,950
-
-|
||27,810|6,950|
No employee received remuneration amounting to more than £60,000 in the period.
Trustees received no remuneration and were not reimbursed for any of their expenses in the
10
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
## 6. STAFF COSTS AND TRUSTEES' REMUNERATION (continued)
The average weekly number of employees during the period, calculated on the basis of full time equivalents, was as follows:
|Charitable Activities
Governance
NET MOVEMENT IN FUNDS
This is stated after charging:
Depreciation
Accountant's Fee|2021|2020|
|---|---|---|
||No.
7
10|No.
6
10|
||17|16|
||2021|2020|
||£
444
550|£
339
500|
## 7. NET MOVEMENT IN FUNDS
## 8. TANGIBLE FIXED ASSETS
|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
|At 31st January 2021
Cost
:
Additions
At 31st January 2021
At 1st February 2020
At 1st February 2020
At 31st January 2020
Depreciation
:
Charge for Period
At 31st January 2021
Net Book Value
:|Freehold
Buildings|Fixtures and
Fittings|Total|
||£
247,707
45,364|£
1,358
755|£
249,065
46,119|
||293,071|2,113|295,184|
||-
-|339
444|339
444|
||-|783|783|
||293,071
293,071|1,019
1,330|248,726
294,401|
11
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
|9.
10.|Other Debtors
DEBTORS
Prepayments and Accrued Income
Accruals and Deferred Income
Other Creditors
CREDITORS
:Amounts Falling Due Within One Year|2021|2020|
|---|---|---|---|
|||£
373
-|£
362
319|
|||373|681|
|||2021|2020|
|||£
1,050
68|£
500
-|
|||1,118|500|
## 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
|Current Liabilities
Net Assets
Tangible Fixed Assets
Current Assets|General
Funds 2021|General
Funds 2020|
|---|---|---|
||£
294,401
68,558
(1,118)|£
248,726
30,933
(500)|
||361,841|279,159|
12
PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2021
## 12. MOVEMENT IN FUNDS
|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
|Unrestricted Funds
General Funds
Total Unrestricted
Funds
TOTAL FUNDS|At 31st
January
2020|Incoming
resources|Outgoing
resources|At 31st
January
2021|
||£
279,159|£
121,241|£
(38,559)|£
361,841|
||279,159|121,241|(38,559)|361,841|
||279,159|121,241|(38,559)|361,841|
13