Registered number 1191671
MADRASSAH GAREEB NAWAZ & MOSQUE
Receipt and Payment Accounts
31 December 2021
MADRASSAH GAREEB NAWAZ & MOSQUE Accountants' Report
Accountants' report to the directors of MADRASSAH GAREEB NAWAZ & MOSQUE
I report on the accounts of the Trust for the year ended 31 December 2016
The charity's trustees are responsiblefor preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- 1) examine the accounts under section 145 of the 2011 Act
2) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- 3) to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and compy with the accounting requirements of the 2011 Act have not been met; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ADG ACCOUNTANTS Accountants
YORK HOUSE 249 MANNINGHAM LANE BRADFORD WEST YORKSHIRE BD8 7ER
16 May 2024
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MADRASSAH GAREEB NAWAZ & MOSQUE
Receipts and Payment Account for the year ended 31 December 2021
| Notes Receipts Administrative expenses Operating (deficit) surplus (Deficit)surplus on ordinory activities Retained (deficit) surplus for the period |
2021 £ 114,880 (3,013) 111,867 111,867 111,867 |
|---|---|
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MADRASSAH GAREEB NAWAZ & MOSQUE Statement of Assets and Liabilities as at 31 December 2021
| Notes Fixed assets Tangible assets 2 Current assets Debtors 3 Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets The funds of the charity: Surples and Deficite account 5 Shareholders' funds |
2021 £ 254,402 6,166 144,177 150,343 (1,251) 149,092 403,494 403,494 403,494 |
|---|---|
MR MAKSUD HUSAIN MUSA BHAI HASAN JAMSA Director Approved by the board on 16 May 2024
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MADRASSAH GAREEB NAWAZ & MOSQUE Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% Reduceing Balance Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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MADRASSAH GAREEB NAWAZ & MOSQUE
Notes to the Accounts
for the year ended 31 December 2021
2 Tangible fixed assets
| Cost Additions At 31 December 2021 Depreciation At 31 December 2021 Net book value At 31 December 2021 3 Debtors Other debtors 4 Creditors: amounts falling due within one year Other creditors 5 Profit and loss account At 1 January 2021 Profit for the year At 31 December 2021 |
2021 £ 6,166 2021 £ 1,251 2021 £ 291,627 111,867 403,494 |
Land and buildings £ 254,402 254,402 - 254,402 |
|---|---|---|
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MADRASSAH GAREEB NAWAZ & MOSQUE Detailed profit and loss account for the year ended 31 December 2021
| Receipts Administrative expenses Operating profit Profit before tax |
2021 £ 114,880 (3,013) 111,867 111,867 |
|---|---|
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MADRASSAH GAREEB NAWAZ & MOSQUE Detailed profit and loss account for the year ended 31 December 2021
| Sales Receipts Administrative expenses General administrative expenses: Stationery and printing Insurance Legal and professional costs: Accountancy fees |
2021 £ 114,880 125 1,638 1,763 1,250 1,250 3,013 |
|---|---|
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