NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE
Charity No. 1181761
Company No. CE016325
Trustees' Report and Unaudited Accounts
31 January 2023
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 1 | |
| Statement of Financial Activities | 2 | |
| Summary Income and Expenditure Account | 3 | |
| Balance Sheet | 4 | |
| Statement of Cash flows | 5 | |
| Notes to the Accounts | 6 | |
| Detailed Statement of Financial Activities | 7 to | 15 |
Page 1
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Trustees Annual Report
CHARITY INCORPORATED ORGANISATION
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE016325
Charity No. 1181761
Registered Office
4 ALLENS AVENUE NORWICH NR7 8EP
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S.Z. Ahmod I. Alam A. Bashir H.K. Chowdhury S. Islam K. Miah K. Miah S. Miah S. Miah M.K. Rahman A.Q. Sikder
Accountants
SA ACCOUNTS PRACTICE 123 MOORLAND ROAD STOKE-ON-TRENT STAFFS ST6 1JH
OBJECTIVES AND ACTIVITIES
The purpose of the charity to advance the Muslim religion in Norwich for the benefit of the public through the holding prayer, meetings, lectures and teachings from the Quran; 2. To provide or assist in the provision of facilities in the interests of social welfare of social welfare for recreation or other leisure time occupation of individuals who have need to such facilities by reason of other youth, age infirmity or disability, financial hardship or social circumstances with the objective of improving their conditions of life.
Page 2
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Trustees Annual Report
A large charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A large charity must provide an explanation how the achievement of its aims will further its legal purposes...
A large charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A large charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A large charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
ACHIEVEMENTS AND PERFORMANCE
A large charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A large charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A large charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A large charity must provide an explanation of any material expenditure occurred to raise income in the future...
A large charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...
PLANS FOR FUTURE PERIODS
A large charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...
A large charity's report should explain the trustees perspective of the future direction of the charity...
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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
A. Bashir Trustee 31 January 2023
Page 3
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Statement of Financial Activities
for the year ended 31 January 2023
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Other 5 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 35,178 |
Total funds 2023 £ 35,178 |
Total funds 2022 £ 78,651 |
|---|---|---|---|
| 35,178 27,477 |
35,178 27,477 |
78,651 28,564 |
|
| 27,477 - |
27,477 - |
28,564 - |
|
| 7,701 - |
7,701 - |
50,087 - |
|
| 7,701 | 7,701 | 50,087 | |
| 7,701 624,095 |
7,701 624,095 |
50,087 574,008 |
|
| 631,796 | 631,796 | 624,095 |
Page 4
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Summary Income and Expenditure Account
for the year ended 31 January 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2023 £ 35,178 35,178 27,477 27,477 7,701 7,701 |
2022 £ 78,651 |
|---|---|---|
| 78,651 | ||
| 28,564 | ||
| 28,564 | ||
| 50,087 | ||
| 50,087 |
Page 5
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Balance Sheet
at 31 January 2023
| Company No. CE016325 Notes 2023 £ Fixed assets Tangible assets 7 601,511 601,511 Current assets Debtors 8 (4,804) Cash at bank and in hand 35,089 30,285 Creditors:Amount falling due within one year 9 - Net current assets 30,285 Total assets less current liabilities 631,796 Creditors:Amounts falling due after more than one year 10 - Net assets excluding pension asset or liability 631,796 Total net assets 631,796 The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds 631,796 631,796 Reserves 11 Total funds 631,796 |
2022 £ 601,511 |
|---|---|
| 601,511 25,268 22,317 |
|
| 47,585 (1) |
|
| 47,584 649,095 (25,000) |
|
| 624,095 | |
| 624,095 | |
| 624,095 | |
| 624,095 | |
| 624,095 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 31 January 2023
And signed on its behalf by:
A. Bashir Trustee 31 January 2023
Page 6
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Statement of Cash flows
for the year ended 31 January 2023
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Decrease/(Increase) in trade and other receivables Decrease in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2023 £ 7,701 30,072 (25,000) 12,773 (601,511) (601,511) - (588,738) 22,317 (566,421) 35,089 35,089 |
2022 £ 50,087 (4,491) (37,210) |
|---|---|---|
| 8,386 - |
||
| - | ||
| - | ||
| 8,386 | ||
| 13,930 | ||
| 22,316 | ||
| 22,317 | ||
| 22,317 |
Page 7
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Notes to the Accounts
for the year ended 31 January 2023
- 1 Accounting policies
Basis of preparation
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE
Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs |
Unrestricted £ 35,178 35,178 Unrestricted £ 14,230 5,148 4,177 2,412 1,510 27,477 |
Unrestricted funds 2022 £ 78,651 78,651 28,564 28,564 50,087 50,087 50,087 574,008 624,095 Total 2023 £ 35,178 35,178 Total 2023 £ 14,230 5,148 4,177 2,412 1,510 27,477 |
Total funds 2022 £ 78,651 |
|---|---|---|---|
| 78,651 28,564 |
|||
| 28,564 | |||
| 50,087 | |||
| 50,087 | |||
| 50,087 574,008 |
|||
| 624,095 | |||
| Total 2022 £ 78,651 |
|||
| 78,651 | |||
| Total 2022 £ 16,345 - 10,609 1,310 300 |
|||
| 28,564 |
Page 11
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Notes to the Accounts
| 6 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 7 Tangible fixed assets Cost or revaluation Additions At 31 January 2023 Net book values At 31 January 2023 8 Debtors Other debtors 9 Creditors: amounts falling due within one year Accruals 10 Creditors: amounts falling due after more than one year Other creditors 11 Movement in funds At 1 February 2022 Restricted funds: Unrestricted funds: General funds 624,095 Total funds 624,095 |
2023 14,230 14,230 2023 £ (4,804) (4,804) 2023 £ - - 2023 £ - - Incoming resources (including other gains/losses ) £ 35,178 35,178 |
£ 601,511 601,511 601,511 Resources expended £ (27,477) (27,477) |
2022 16,345 |
|---|---|---|---|
| 16,345 | |||
| £ 601,511 |
|||
| 601,511 | |||
| 601,511 | |||
| 2022 £ 25,268 |
|||
| 25,268 | |||
| 2022 £ 1 |
|||
| 1 | |||
| 2022 £ 25,000 |
|||
| 25,000 | |||
| At 31 January 2023 £ 631,796 |
|||
| 631,796 |
Page 12
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE
Notes to the Accounts
12 Analysis of net assets between funds
| 12 Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed assets Net current assets 13 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 February 2022 £ |
Unrestricted funds £ 601,511 30,285 631,796 Cash flows £ |
Total £ 601,511 30,285 |
| 631,796 | |||
| At 31 January 2023 £ |
|||
| 22,317 | 12,772 | 35,089 | |
| 22,317 22,317 |
12,772 12,772 |
35,089 | |
| 35,089 |
14 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Detailed Statement of Financial Activities
for the year ended 31 January 2023
| Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Employee costs Salaries/wages Motor and travel costs Vehicles - Repairs and maintenance Travel and subsistence Premises costs Rates Light, heat and power Premises cleaning Premises insurances Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Bank charges General insurances Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments |
Unrestricted funds 2023 £ 35,178 35,178 35,178 14,230 14,230 4,608 540 5,148 - 3,564 613 - - - 4,177 169 1,245 660 - 338 2,412 1,510 1,510 27,477 27,477 - |
Total funds 2023 £ 35,178 35,178 35,178 14,230 14,230 4,608 540 5,148 - 3,564 613 - - - 4,177 169 1,245 660 - 338 2,412 1,510 1,510 27,477 27,477 - |
Total funds 2022 £ 78,651 |
|---|---|---|---|
| 78,651 | |||
| 78,651 16,345 |
|||
| 16,345 | |||
| - - |
|||
| - | |||
| 28 2,033 325 1,193 6,324 706 |
|||
| 10,609 | |||
| 159 - 375 405 371 |
|||
| 1,310 | |||
| 300 | |||
| 300 | |||
| 28,564 | |||
| 28,564 - |
Page 14
NORWICH CENTRAL MOSQUE AND ISLAMIC COMMUNITY CENTRE Detailed Statement of Financial Activities
| Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
7,701 7,701 - 7,701 624,095 631,796 |
7,701 7,701 - 7,701 624,095 631,796 |
50,087 |
|---|---|---|---|
| 50,087 - |
|||
| 50,087 | |||
| 574,008 | |||
| 624,095 |
Page 15