MOORLANDS ISLAMIC CENTRE Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash flows | 12 |
| Notes to the Accounts | 7 to 9 |
| Detailed Statement of Financial Activities | 10 to 15 |
Page 0
MOORLANDS ISLAMIC CENTRE Trustees Annual Report
The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 March 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1182067
Trustee
The following trustee served during the year:
S.I. PATEL
Accountants
SG ACCOUNTANCY SERVICES LTD
296 GARSTANG ROAD
PRESTON
LANCASHIRE
PR2 9RX
ACHIEVEMENTS AND PERFORMANCE
A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A larger charity must provide an explanation of any material expenditure occurred to raise income in the future...
A larger 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 larger 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 larger charity's report should explain the trustees perspective of the future direction of the charity...
The trustee is 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed
Page 1
MOORLANDS ISLAMIC CENTRE Trustees Annual Report
S.I. PATEL Trustee 03 October 2023
Page 2
MOORLANDS ISLAMIC CENTRE
Independent Examiners Report
Independent Examiner's Report to the trustee of MOORLANDS ISLAMIC CENTRE
I report to the trustees on my examination of the financial statements of MOORLANDS ISLAMIC CENTRE for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustee 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 financial statements 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 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of 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.
SG ACCOUNTANCY SERVICES LTD 296 GARSTANG ROAD
PRESTON LANCASHIRE
PR2 9RX 04 October 2023
Page 3
MOORLANDS ISLAMIC CENTRE Statement of Financial Activities
for the year ended 31 March 2023
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | |||||
| 2023 | 2023 | 2022 | |||||
| Notes | £ | £ | £ | ||||
| Income and endowments | |||||||
| from: | |||||||
| Donations and legacies | 3 | 26,188 | 26,188 | 39,472 | |||
| Other | 4 | - | - | 5,460 | |||
| Total | 26,188 | 26,188 | 44,932 | ||||
| Expenditure on: | |||||||
| Charitable activities | 5 | 4,094 | 4,094 | - | |||
| Other | 6 | 19,609 | 19,609 | 25,513 | |||
| Total | 23,703 | 23,703 | 25,513 | ||||
| Net gains on investments | - | - | - | ||||
| Net income | 2,485 | 2,485 | 19,419 | ||||
| Transfers between funds | - | - | - | ||||
| Net income before other | |||||||
| gains/(losses) | 2,485 | 2,485 | 19,419 | ||||
| Other gains and losses | |||||||
| Net movement in funds | 2,485 | 2,485 | 19,419 | ||||
| Reconciliation of funds: | |||||||
| Total funds brought forward | 36,710 | 36,710 | 17,291 | ||||
| Total funds carried forward | 39,195 | 39,195 | 36,710 | ||||
Page 4
MOORLANDS ISLAMIC CENTRE
Balance Sheet
at 31 March 2023
| Charity No. 1182067 | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors | 8 | - | 25 |
| Cash at bank and in hand | 40,687 | 37,080 | |
| 40,687 | 37,105 | ||
| Creditors:Amount falling due within one year | 9 | (1,492) | (395) |
| Net current assets | 39,195 | 36,710 | |
| Total assets less current liabilities | 39,195 | 36,710 | |
| Net assets excluding pension asset or liability | 39,195 | 36,710 | |
| Total net assets | 39,195 | 36,710 | |
| The funds of the charity | |||
| Restricted funds | 10 | ||
| Unrestricted funds | 10 | ||
| General funds | 39,195 | 36,710 | |
| 39,195 | 36,710 | ||
| Reserves | 10 | ||
| Total funds | 39,195 | 36,710 | |
Approved by the trustees on 31 March 2023
And signed on their behalf by:
S.I. PATEL Trustee 31 March 2023
Page 5
MOORLANDS ISLAMIC CENTRE Notes to the Accounts
for the year ended 31 March 2023
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
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 6
MOORLANDS ISLAMIC 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 tax on its charitable activities.
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 7
MOORLANDS ISLAMIC CENTRE Notes to the Accounts
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.
Page 8
MOORLANDS ISLAMIC CENTRE
Notes to the Accounts
2 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Other 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 3 Income from donations and legacies Unrestricted £ 26,188 26,188 4 Other income |
Unrestricted funds 2022 £ 39,472 5,460 44,932 25,513 25,513 19,419 19,419 19,419 17,291 36,710 Total 2023 £ 26,188 26,188 Total 2023 £ - - |
Total funds 2022 £ 39,472 5,460 44,932 25,513 25,513 19,419 19,419 19,419 17,291 36,710 Total 2022 £ 39,472 39,472 Total 2022 £ 5,460 5,460 |
|---|---|---|
Page 9
MOORLANDS ISLAMIC CENTRE
Notes to the Accounts
5 Expenditure on charitable activities
| 5 | Expenditure on charitable activities | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| £ | £ | £ | ||
| Expenditure on charitable | ||||
| activities | ||||
| 4,094 | 4,094 | - | ||
| Governance costs | ||||
| 4,094 | 4,094 | - | ||
| 6 | Other expenditure | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| £ | £ | £ | ||
| - | - | 2,501 | ||
| Employee costs | 15,969 | 15,969 | 15,600 | |
| Motor and travel costs | - | - | 63 | |
| Premises costs | 2,106 | 2,106 | 2,375 | |
| General administrative costs | 1,534 | 1,534 | 1,509 | |
| Legal and professional costs | - | - | 3,465 | |
| 19,609 | 19,609 | 25,513 | ||
| 7 | Staff costs | |||
| 2023 | 2022 | |||
| Salaries and wages | 15,969 | 15,600 | ||
| 15,969 | 15,600 | |||
| No employee received emoluments in excess of £60,000. | ||||
| 8 | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Other debtors | - | 25 | ||
| - | 25 | |||
| 9 | Creditors: | |||
| amounts falling due within one year | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Other taxes and social security | 1,492 | 395 | ||
| 1,492 | 395 | |||
Page 10
MOORLANDS ISLAMIC CENTRE Notes to the Accounts
10 Movement in funds
| 10 | Movement in funds | ||||
|---|---|---|---|---|---|
| Incoming | |||||
| resources | |||||
| (including | Resources | At 31 March |
|||
| At 1 April | other gains/losses |
expended | 2023 | ||
| 2022 | ) | ||||
| £ | £ | £ | |||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 36,710 | 26,188 | (23,703) | 39,195 | |
| Total funds | 36,710 | 26,188 | (23,703) | 39,195 | |
| 11 | Analysis of net assets between funds | ||||
| Unrestricted | |||||
| Total | |||||
| funds | |||||
| £ | £ | ||||
| Net current assets | 39,195 | 39,195 | |||
| 39,195 | 39,195 | ||||
| 12 | Reconciliation of net debt | ||||
| At 31 | |||||
| At 1 April | March | ||||
| 2022 | Cash flows | 2023 | |||
| £ | £ | £ | |||
| Cash and cash equivalents | 37,080 | 3,607 | 40,687 | ||
| 37,080 | 3,607 | 40,687 | |||
| Net debt | 37,080 | 3,607 | 40,687 | ||
Page 11
MOORLANDS ISLAMIC CENTRE Statement of Cash flows
for the year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income per Statement of Financial Activities | 2,485 | 19,419 |
| Adjustments for: | ||
| Decrease/(Increase) in trade and other receivables | 25 | (25) |
| Increase in trade and other payables | 1,097 | 885 |
| Net cash provided by operating activities | 3,607 | 14,819 |
| Net cash from investing activities | - | 5,460 |
| Net cash from financing activities | - | - |
| Net increase in cash and cash equivalents | 3,607 | 20,279 |
| Cash and cash equivalents at the beginning of the year | 37,080 | 16,801 |
| Cash and cash equivalents at the end of the year | 40,687 | 37,080 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 40,687 | 37,080 |
| 40,687 | 37,080 | |
Page 12
MOORLANDS ISLAMIC CENTRE Detailed Statement of Financial Activities
for the year ended 31 March 2023
| Unrestricted | |||
|---|---|---|---|
| funds | Total funds | Total funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | |||
| 26,188 | 26,188 | 39,472 | |
| 26,188 | 26,188 | 39,472 | |
| Other | |||
| - | - | 5,460 | |
| - | - | 5,460 | |
| Total income and endowments | 26,188 | 26,188 | 44,932 |
| Expenditure on: | |||
| Charitable activities | |||
| 4,094 | 4,094 | - | |
| 4,094 | 4,094 | - | |
| Total of expenditure on charitable activities |
4,094 | 4,094 | - |
| Other expenditure | |||
| - | - | 2,501 | |
| - | - | 2,501 | |
| Employee costs | |||
| Salaries/wages | 15,969 | 15,969 | 15,600 |
| 15,969 | 15,969 | 15,600 | |
| Vehicles - Fuel | - | - | 63 |
| - | - | 63 | |
| Premises costs | |||
| Rates | - | - | 390 |
| Light, heat and power | 1,912 | 1,912 | 1,154 |
| Premises repairs and | 194 | 194 | 831 |
| maintenance | |||
| 2,106 | 2,106 | 2,375 | |
| General administrative costs, | |||
| including depreciation and | |||
| amortisation | |||
| General insurances | - | - | 489 |
| Information and publications | 326 | 326 | - |
| Stationery and printing | 71 | 71 | 148 |
| Subscriptions | 250 | 250 | - |
| Sundry expenses | 581 | 581 | 514 |
| Telephone, fax and broadband | 306 | 306 | 358 |
| 1,534 | 1,534 | 1,509 | |
| Legal and professional costs | |||
| Consultancy fees | - | - | 75 |
Page 13
MOORLANDS ISLAMIC CENTRE Detailed Statement of Financial Activities
| Other legal and professional costs |
- | - | 3,390 |
|---|---|---|---|
| - | - | 3,465 | |
| Total of expenditure of other costs | 19,609 | 19,609 | 25,513 |
| Total expenditure | 23,703 | 23,703 | 25,513 |
| Net gains on investments | - | - | - |
| Net income | 2,485 | 2,485 | 19,419 |
| Net income before other | |||
| gains/(losses) | 2,485 | 2,485 | 19,419 |
| Other Gains | - | - | - |
| Net movement in funds | 2,485 | 2,485 | 19,419 |
| Reconciliation of funds: | |||
| Total funds brought forward | 36,710 | 36,710 | 17,291 |
| Total funds carried forward | 39,195 | 39,195 | 36,710 |
Page 14