Charity number: 1188610
Masjid Assunah Charitabe Incorporated Organisation (C.I.O.)
Trustees' report and unaudited financial statements
for the year ended 31 March 2024
Masjid Assunah (A company limited by guarantee)
Contents
| Page | Page | |
|---|---|---|
| Legal and administrative information | 1 | |
| Trustees report | 2 | |
| Independent examiners' report | 3 | |
| Statement of financial activities | 4 | |
| Balance sheet | 5 | |
| Notes to the financial statements | 6 | - 7 |
Masjid Assunah (A company limited by guarantee)
Legal and administrative information
| Charity number | 1188610 | |
|---|---|---|
| Business address | 49 Granby Street | |
| Liverpool | ||
| L8 2TU | ||
| Trustees | Al Hassane Harich | |
| Brahim Moumen | ||
| Hamid Laaouina | ||
| Management committee 1 | Al Hassane Harich | Trustee |
| Brahim Moumen | Trustee | |
| Hamid Laaouina | Trustee | |
| Accountants | AKT Accountants | |
| Matrix House | ||
| 14 Strawberry Bank | ||
| Blackburn | ||
| Lancashire | ||
| BB2 6AA | ||
| Bankers | Barclays Bank | |
| 1 Churchill Place | ||
| London | ||
| E14 5HP |
Page 1
Masjid Assunah (A company limited by guarantee)
Report of the trustees
for the year ended 31 March 2024
The trustees present their report and the financial statements for the year ended 31 March 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Objectives and activities
The charities objectives is to advance the Islamic faith in Liverpool for the benefit of the public, mainly but not exclusively through the provisions of a mosque. It also aims to provide religious education, prayers and prayer meetings to enlighten others about the islamic faith.
Achievements and performance
Facility for prayers
The charity has been able to facilitate the provisions of a Mosque building in which to provie the commuinty with a place of worship and religious education.
Financial review
The society is run entirely from the provisions of donations from the mosque congregation. In the year ended 31 March 2024, £8,570 (2023: £11,890) was received in donations. The donations are used for the maintenance and upkeep of the Mosque. The Mosque also donated an ambulance for the Morocco earthquake appeal.
Statement of trustees' responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
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 charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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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 proper accounting records which 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 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AKT Accountants were appointed accountants during the year and the trustees recommend that AKT Accountants remain in office until further notice.
On behalf of the board Al Hassane Harich
Trustee
Page 2
Masjid Assunah (A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Masjid Assunah.
I report on the financial statements of Masjid Assunah for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent examiner AKT Accountants
Matrix House 14 Strawberry Bank Blackburn Lancashire BB2 6AA
Date:
Page 3
Masjid Assunah (A company limited by guarantee)
Statement of financial activities
For the year ended 31 March 2024
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 8,570 Total incoming resources 8,570 Resources expended Establishment costs 2,265 Motor and travelling expenses 100 Support - Other costs 5,880 Total resources expended 8,245 Net income/(expense) for the year 325 Total funds brought forward 5,727 Total funds carried forward 6,052 |
2024 Total £ 8,570 8,570 2,265 100 5,880 8,245 325 5,727 6,052 |
2023 Total £ 11,890 11,890 12,526 - - 12,526 ) (636 6,363 5,727 |
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4
Masjid Assunah (A company limited by guarantee)
Balance sheet
as at 31 March 2024
| Notes Current assets Debtors 3 Cash at bank and in hand Net current assets Net assets Funds 4 Unrestricted income funds Total funds |
2024 £ £ 935 5,117 6,052 6,052 6,052 6,052 6,052 |
2023 £ £ - 5,727 5,727 5,727 5,727 5,727 5,727 |
2023 £ £ - 5,727 5,727 5,727 5,727 5,727 5,727 |
|---|---|---|---|
| 5,727 | |||
| 5,727 | |||
| 5,727 |
The financial statements were approved by the on and signed on its behalf by
Al Hassane Harich Trustee
The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5
Masjid Assunah (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Page 6
Masjid Assunah (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2024
| 2. | Voluntary income | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | 2024 | 2023 | |||||||||
| funds | Total | Total | |||||||||
| £ | £ | £ | |||||||||
| Donations | - | - | 25 | ||||||||
| Donations type 3 | 8,570 | 8,570 | 11,865 | ||||||||
| 8,570 | 8,570 | 11,890 | |||||||||
| 3. | Debtors | ||||||||||
| 2024 | 2023 | ||||||||||
| £ | £ | ||||||||||
| Other debtors | 935 | - | |||||||||
| 935 | - | ||||||||||
| 4. | Analysis of net assets between funds | ||||||||||
| Unrestricted | Total | ||||||||||
| funds | funds | ||||||||||
| £ | £ | ||||||||||
| Fund balances at 31 March 2024 as represented by: | |||||||||||
| Current assets | 6,052 | 6,052 | |||||||||
| 6,052 | 6,052 | ||||||||||
| 5. | Unrestricted funds | At | At | ||||||||
| 1 April | Incoming | Outgoing | 31 March | ||||||||
| 2023 | resources | resources | 2024 | ||||||||
| £ | £ | £ | £ | ||||||||
| Description for Unrestricted Fund 1 | 5,727 | 8,570 | ) (8,245 |
6,052 |
Page 7