Registered number 12180101
Masjid-E-Quba Association Ltd Trustees' Annual Report Report and Accounts
31 August 2022
## **Masjid-E-Quba Association Ltd Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Directors' report|2|
|Accountants' report|3|
|Income and Expenditure Account|4|
|Balance sheet|5|
|Statement of changes in equity|6|
|Notes to the accounts|7|
## **Masjid-E-Quba Association Ltd Company Information**
## **Directors**
Saleem Patel Allibhai Ahmed Khoonawala Eqramul Hak Mehmed Hanif Bhad Elias Ismail Ahmed
## **Accountants**
Alchemy Associates Ltd 4 Wangey Road Chadwell Heath Romford Essex RM6 4DD
## **Registered office**
212C Romford Road London E7 9HY
**Registered number** 12180101
1
**Masjid-E-Quba Association Ltd Registered number: 12180101 Directors' Report**
The directors present their report and accounts for the year ended 31 August 2022.
## **Principal activities**
Company is a charitable company registered with the charity Commission. The Charity currently receiving rental income from the investment properties.
## **Directors**
The following persons served as directors during the year:
Saleem Patel Allibhai Ahmed Khoonawala Eqramul Hak Mehmed Hanif Bhad Elias Ismail Ahmed
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 18 May 2023 and signed on its behalf.
Mr Saleem Patel Director
2
**Masjid-E-Quba Association Ltd**
## **Independent Examiner's Report to the trustee/members of Masjid-E-Quba Association Ltd**
We report on the accounts for the year ended 31st August 2021 which are set out on page 4.
## **Respective responsibilities of trustees and examiner**
The charity's trustees consider that an audit in not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is our responsibility to:
examine the accounts (under section 43 of the Act),
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act),and
to state whether particular matters have come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with 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 the course of our examination, no matter has come to our attention:
1. which gives us reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or
2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
S A Shah [FCCA] Alchemy Associates Ltd
4 - Wangey Road Chadwell Heath Essex RM6 4DD
18 May 2023
3
## **Masjid-E-Quba Association Ltd**
## **Report to the directors on the preparation of the unaudited statutory accounts of Masjid-EQuba Association Ltd for the year ended 31 August 2022**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Masjid-E-Quba Association Ltd for the year ended 31 August 2022 which comprise of the Income and Expenditure Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Alchemy Associates Ltd Chartered Certified Accountants 4 Wangey Road Chadwell Heath Romford Essex RM6 4DD
18 May 2023
4
## **Masjid-E-Quba Association Ltd Income and Expenditure Account for the year ended 31 August 2022**
|**Rent Recievables**
Administrative expenditure
**Surplus profit**
Interest receivable
**Surplus After Expenditure**
**Surplus for the financial year**|**2022**
**£**
43,199
(10,526)
32,673
2
32,675
32,675|**2021**
**£**
33,165
(3,291)
29,874
9
29,883
29,883|
|---|---|---|
5
**Masjid-E-Quba Association Ltd Registered number:** 12180101 **Balance Sheet as at 31 August 2022**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Net assets**
**Capital and reserves**
Unrestricted Funds
**Shareholders' funds**|**2022**
**£**
551,177
5,000
204,445
209,445
(1,080)
208,365
759,542
759,542
759,542|**2021**
**£**
551,177
-
176,770
176,770
(1,080)
175,690
726,867
726,867
726,867|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Saleem Patel Director Approved by the board on 18 May 2023
6
## **Masjid-E-Quba Association Ltd Statement of Changes in Equity for the year ended 31 August 2022**
|**At 1 September 2020**
Surplus for the financial year
**At 31 August 2021**
**At 1 September 2021**
Surplus for the financial year
**At 31 August 2022**|**Surplus**
**and (Deficit)**
**account**
**£**
696,984
29,883
726,867
726,867
32,675
759,542|**Total**
**£**
696,984
29,883
726,867
726,867
32,675
759,542|
|---|---|---|
7
**Masjid-E-Quba Association Ltd Notes to the Accounts for the year ended 31 August 2022**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost.
Freehold buildings over 50 years
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Cost**
At 1 September 2021
At 31 August 2022
**Depreciation**
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**4**
**Debtors**
Trade debtors
**5**
**Creditors: amounts falling due within one year**
Other creditors|**2022**
**Number**
0
**2022**
**£**
5,000
**2022**
**£**
1,080|**2021**
**Number**
0
**Land and**
**buildings**
**£**
551,177
551,177
-
551,177
551,177
**2021**
**£**
-
**2021**
**£**
1,080|
|---|---|---|
## **6 Other information**
Masjid-E-Quba Association Ltd is a private company limited by Guarantee and incorporated in England. Its registered office is:
8
## **Masjid-E-Quba Association Ltd Detailed Income and Expenditure account for the year ended 31 August 2022**
_This schedule does not form part of the statutory accounts_
|**Rent Receivables**
Administrative expenses
**Operating Surplus**
Interest receivable
**Surplus before tax**|**2022**
**£**
43,199
(10,526)
32,673
2
32,675|**2021**
**£**
33,165
(3,291)
29,874
9
29,883|
|---|---|---|
9
## **Masjid-E-Quba Association Ltd Detailed Income and Expenditure account for the year ended 31 August 2022**
_This schedule does not form part of the statutory accounts_
|**Sales**
Rent Receivables
**Administrative expenses**
General administrative expenses:
Bank charges
Legal and professional costs:
Accountancy fees
Solicitors fees
Other legal and professional|**2022**
**£**
43,199
116
116
1,080
1,000
8,330
10,410
10,526|**2021**
**£**
33,165
86
86
1,080
-
2,125
3,205
3,291|
|---|---|---|
10