2023-01-31-accounts - Park Road Community Trust

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PARK ROAD COMMUNITY TRUST

REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED TO 31ST JANUARY 2023

Charity Commission Reference Number 1180359

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 :			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 (deceased 26/11/2022)
						Mr. A. Butt
						Mr. I. Monir
Independent Examiner :						Walter Dawson & Son
						Unit 12, Pennine Business Park
						Longbow Close
						Bradley
						HD2 1GQ
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

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.

PARK ROAD COMMUNITY TRUST REPORT OF THE TRUSTEES

FOR THE PERIOD 31ST JANUARY 2023

The trustees present their annual report and the financial statements of the charity for the period 31st January 2023.

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 (7 after the 26th of November 2022) other trustees. Mr Y Bham passed away on the 26th of November 2022. These have overseen the continued 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 is further developing Masjid Taqwa Park Road to provide worshipping facilities 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.

4. Financial Review

The trustees have accumulated over £86,458 cash at bank and in hand to enable completion of the mosque development as of the year end. Donations continue to be taken to help in future development work. 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.

PARK ROAD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE PERIOD TO 31ST JANUARY 2023

This report was approved and authorised for issue by the trustees on 14th March 2024 and signed on their behalf by:

Mr A. H. S. Variava Trustee

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 2023 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

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.

Julie A Young FCCA ACA

WALTER DAWSON & SON

Chartered Accountants

Unit 12, Pennine Business Park Longbow Close Bradley HD2 1GQ 14th March 2024

PARK ROAD COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD TO 31ST JANUARY 2023

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 2023	Notes 4 5 7	Total 2023 Total 2022 £ £ 80,034 102,554 80,034 102,554 60,247 46,529 60,247 46,529 19,787 56,025 19,787 56,025

All incoming resources and resources expended derive from continuing activities.

PARK ROAD COMMUNITY TRUST

BALANCE SHEET AS AT 31ST JANUARY 2023

Notes	£ £ £ £ 358,421 334,080 358,421 334,080 332 332 86,458 86,098 86,790 86,430 (7,559) (2,645) 79,231 83,785 437,652 417,865 437,652 417,865 - - 437,652 417,865 437,652 417,865 2023 2022	£ £ £ £ 358,421 334,080 358,421 334,080 332 332 86,458 86,098 86,790 86,430 (7,559) (2,645) 79,231 83,785 437,652 417,865 437,652 417,865 - - 437,652 417,865 437,652 417,865 2023 2022
8 9 10 11
		334,080 83,785
	86,790 (7,559)
	437,652 -
		417,865
		417,865

		417,865

The financial statements were approved and authorised for issue by the Trustees on 14th March 2024 and signed on their behalf by:

Mr A. H. S. Variava Chairman

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

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.

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

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.	DONATIONS AND LEGACIES General Donations	Unrestricted Funds	Total 2023 Total 2022
		80,034	£ £ 80,034 102,554
		80,034	80,034 102,554

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

5. RAISING FUNDS

RAISING FUNDS
Wages and Salaries (Including NI) Sundries Repairs and Renewals Depreciation Insurance Accountancy Fees Light and Heat Rates Telephone Postage and Stationery	Unrestricted Funds	Total 2023 Total 2022
	£ 52,273 782 830 4,872 552 114 249 200 375 -	£ £ 52,273 39,118 782 823 830 700 4,872 3,785 552 436 114 19 249 333 200 250 375 475 - 590
	60,247	60,247 46,529

STAFF COSTS AND TRUSTEES' REMUNERATION

STAFF COSTS AND TRUSTEES'REMUNERATION
Wages and Salaries	2023 2022
	£ 52,273 39,118
	52,273 39,118

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

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

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:

Depreciation Accountant's Fee Charitable Activities Governance NET MOVEMENT IN FUNDS This is stated after charging:	2023	2022
	No. 8 7	No. 5 7
	15	12
	2023	2022
	£ 249 830	£ 333 700

7. NET MOVEMENT IN FUNDS

8. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Depreciation : Charge for Period At 31st January 2022 Cost : Additions At 31st January 2023 At 1st February 2022 At 1st February 2022 At 31st January 2023 At 31st January 2023 Net Book Value :	Freehold Buildings	Fixtures and Fittings	Total
	£ 333,083 24,590	£ 2,113 -	£ 335,196 24,590
	357,673	2,113	359,786
	- -	1,116 249	1,116 249
	-	1,365	1,365
	357,673	748	358,421
	333,083	997	334,080

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

9. 10.	DEBTORS Prepayments and Accrued Income Accruals and Deferred Income Other Creditors CREDITORS :Amounts Falling Due Within One Year	2023	2022
		£ 332	£ 332
		332	332
		2023	2022
		£ 3,630 3,929	£ 1,150 1,495
		7,559	2,645

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current Liabilities Net Assets Tangible Fixed Assets Current Assets	General Funds 2023 General Funds 2022
	£ £ 358,421 334,080 86,791 86,430 (7,560) (2,645)
	437,652 417,865

PARK ROAD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31ST JANUARY 2023

12. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted Funds General Funds Total Unrestricted Funds TOTAL FUNDS	At 31st January 2022	Incoming resources	Outgoing resources At 31st January 2023
	£ 417,865	£ 80,034	£ £ (60,247) 437,652
	417,865	80,034	(60,247) 437,652
	417,865	80,034	(60,247) 437,652