Report of the Trustees and
Unaudited Financial Statements for the Period Ended 31 July 2024
for
Caversham Muslim Association
QP Accountants Ltd 97 Shelley Crescent Hounslow TW5 9BH
Caversham Muslim Association
Contents of the Financial Statements for the Period Ended 31 July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Caversham Muslim Association
Report of the Trustees
for the Period Ended 31 July 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 31 July 2024. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
15012370 (England and Wales)
Registered Charity number 1206131
Registered office
9 Ian Mikardo Way Caversham Reading RG4 5BZ
Trustees
Zahid Aziz
S.Cora AbdelRahman
Emmanuel Humphreys Saif Mohammad
Independent Examiner
QP Accountants Ltd 97 Shelley Crescent Hounslow TW5 9BH
Approved by order of the board of trustees on 28 September 2024 and signed on its behalf by:
E Humphreys - Trustee
Page 1
Independent Examiner's Report to the Trustees of Caversham Muslim Association
Independent examiner's report to the trustees of Caversham Muslim Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 July 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Mr Y Ali ACA QP Accountants Ltd 97 Shelley Crescent Hounslow TW5 9BH
28/09/2024
Page 2
Caversham Muslim Association
| Statement of Financial Activities for the Period Ended 31 July 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Education Other trading activities 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Education Other Total NET INCOME/(DEFICIT) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.7.24 Total funds £ 79,700 10,073 15,000 104,773 6,646 7,518 10,107 24,271 80,502 3,477 83,979 |
18.7.23 Total funds £ 5,336 10,289 15,625 1,372 7,010 4,270 12,652 2,973 504 |
|
|---|---|---|---|
| 3,477 |
The notes form part of these financial statements
Page 3
Caversham Muslim Association
| Balance Sheet 31 July 2024 FIXED ASSETS Tangible assets CURRENT ASSETS 31.7.24 18.7.23 Total Total fund funds Notes £ £ Debtors 7 Cash and bank 114,479 3,477 114,479 3,477 CREDITORS Amounts falling due within one year - - NET CURRENT ASSETS/(LIABILITIES) 114,479 3,477 TOTAL ASSETS LESS CURRENT 114,479 3,477 LIABILITIES Creditors: Amounts falling due after more than one year 8 (30,500) - NET ASSETS/(LIABILITIES) 83,979 3,477 FUNDS 9 Unrestricted and restricted funds 83,979 3,477 TOTAL FUNDS 83,979 3,477 |
Balance Sheet 31 July 2024 FIXED ASSETS Tangible assets CURRENT ASSETS 31.7.24 18.7.23 Total Total fund funds Notes £ £ Debtors 7 Cash and bank 114,479 3,477 114,479 3,477 CREDITORS Amounts falling due within one year - - NET CURRENT ASSETS/(LIABILITIES) 114,479 3,477 TOTAL ASSETS LESS CURRENT 114,479 3,477 LIABILITIES Creditors: Amounts falling due after more than one year 8 (30,500) - NET ASSETS/(LIABILITIES) 83,979 3,477 FUNDS 9 Unrestricted and restricted funds 83,979 3,477 TOTAL FUNDS 83,979 3,477 |
Balance Sheet 31 July 2024 FIXED ASSETS Tangible assets CURRENT ASSETS 31.7.24 18.7.23 Total Total fund funds Notes £ £ Debtors 7 Cash and bank 114,479 3,477 114,479 3,477 CREDITORS Amounts falling due within one year - - NET CURRENT ASSETS/(LIABILITIES) 114,479 3,477 TOTAL ASSETS LESS CURRENT 114,479 3,477 LIABILITIES Creditors: Amounts falling due after more than one year 8 (30,500) - NET ASSETS/(LIABILITIES) 83,979 3,477 FUNDS 9 Unrestricted and restricted funds 83,979 3,477 TOTAL FUNDS 83,979 3,477 |
|---|---|---|
| 3,477 3,477 - 3,477 3,477 3,477 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Caversham Muslim Association
Balance Sheet - continued
31 July 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 September 2024 and were signed on its behalf by:
E Humphreys - Trustee
The notes form part of these financial statements
Page 5
Caversham Muslim Association
Notes to the Financial Statements
for the Period Ended 31 July 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The balance of restricted funds as at 31.07.2024 was £76,297.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
| Fundraising events Grants received Fees received |
31.7.24 £ - 15,000 - 15,000 |
18.7.23 £ - - - 0 |
|---|---|---|
Page 6
continued...
Caversham Muslim Association
Notes to the Financial Statements - continued
for the Period Ended 31 July 2024
3. RAISING FUNDS
| Events 31.7.24 £ Various events 6,646 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.7.24 £ Property rent 6,862 |
18.7.23 £ 1,372 18.7.23 £ 3,571 |
|---|---|
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 July 2024 nor for the year ended 18 July 2023.
Trustees' expenses
The total amount paid in the year to trustees for expenses related to the charity amounted to £NIL (2023 £NIL).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Total funds | |
|---|---|
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 5,336 |
| Charitable activities | |
| Education | 10,289 |
| Other trading activities | - |
| Total | 15,625 |
| EXPENDITURE ON | |
| Raising funds | 1,372 |
| Charitable activities | |
| Education | 7,010 |
| Other | 4,270 |
| Total | 12,652 |
| NET INCOME | 2,973 |
continued...
Page 7
Caversham Muslim Association
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the | Period Ended 31 July 2024 | |||
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
| Total funds | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 504 | |||
| TOTAL FUNDS CARRIED FORWARD | 3,477 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.7.24 | 18.7.23 | |||
| £ | £ | |||
| Other debtors | 0 | 0 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | |||
| 31.7.24 | 18.7.23 | |||
| £ | £ | |||
| Other creditors/loans | 30,500 | |||
| 30,500 | 0 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 19.7.23 | in funds | 31.7.24 | ||
| £ | £ | £ | ||
| Restricted and unrestricted funds | 3,477 | 80,502 | 83,979 | |
| TOTAL FUNDS | 3,477 | 80,502 | 83,979 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Restricted and unrestricted funds | 104,773 | (24,271) | 80,502 | |
| TOTAL FUNDS | 104,773 | (24,271) | 80,502 |
continued...
Page 8
Caversham Muslim Association
Notes to the Financial Statements - continued for the Period Ended 31 July 2024
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 19.7.22 £ Restricted and unrestricted funds 504 TOTAL FUNDS 504 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Restricted and unrestricted funds 15,625 TOTAL FUNDS 15,625 |
Net movement At in funds 18.7.23 £ £ 2,973 3,477 2,973 3,477 Resources expended Movement in funds £ £ (12,652) 2,973 (12,652) 2,973 |
|---|---|
| (12,652) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 19.7.22 in funds 31.7.24 £ £ £ 504 83,475 83,979 504 83,475 83,979 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Restricted and unrestricted funds TOTAL FUNDS |
Incoming resources £ 120,398 120,398 |
Resources Movement expended in funds £ £ (36,923) 83,475 (36,923) 83,475 |
|---|---|---|
continued...
Page 9
Caversham Muslim Association
Notes to the Financial Statements - continued
for the Period Ended 31 July 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 July 2024.
11. ADDITIONAL NOTE
The company is Limited by guarantee and therefore has no share capital.
Page 10
Caversham Muslim Association
| Detailed Statement of Financial Activities for the Period Ended 31 July 2024 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Other trading activities Fundraising events Job retention scheme grant Fees received Charitable activities Grants Total incoming resources EXPENDITURE Raising donations and legacies Wages Subcontractors Events Investment management costs Charitable activities Other Other operating leases Support costs Management Marketing Training Legal IT Property repairs Insurance Sundries |
31.7.24 £ 18.7.23 £ - 79,700 5,336 79,700 5,336 - - - 10,073 - 10,289 89,773 15,625 15,000 0 104,773 15,625 - - 4,933 6,646 4,631 1,372 11,579 6,003 1,719 697 6,862 3,572 444 - 140 - 80 - 67 - 795 - 666 514 1,053 183 |
||
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Caversham Muslim Association
| Detailed Statement of Financial Activities for the Period Ended 31 July 2024 Management Materials Finance Bank charges Human resources Governance costs Sundries Accountancy and legal fees Total resources expended Net income |
31.7.24 £ 18.7.23 £ 2,585 2,379 3,316 2,379 - - - - - - 24,271 12,652 80,502 2,973 |
31.7.24 £ 18.7.23 £ 2,585 2,379 3,316 2,379 - - - - - - 24,271 12,652 80,502 2,973 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
Certificate of Completion
Caversham 2024 accsv2.pdf
ID: 5ef6f716-5258-42ff-93f8-cf7c14f54b40
SIGN REQUEST ISSUED: REQUESTED BY: Sep 29, 2024 Yas Ali 06:47 PM UTC yasir.ali@qpaccountants.co.uk
STATUS: Completed on 01 Oct, 2024, 07:45 AM UTC
Audit trail
Generated on Oct 1, 2024
29 Sep, 2024, 06:49 PM UTC Yas Ali has invited to sign the document yasir.ali@qpaccountants.co.uk Verified 01 Oct, 2024, 07:45 AM UTC E Humphreys has signed the document abu.bashir@cavershammuslims.org Verified 194.73.131.38
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