2023-03-31-accounts - Imamia Mission London (U.K.)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

IMAMIA MISSION LONDON (U.K.) Registered number: 269886 Trustee's Report

The Trustees' present their report and accounts for the year ended 31 March 2023.

Principal activities

The Charity's principal activity during the year continued to be to work with other local communities for education & training purposes as well as engaging with young children and adults in general and religious activies. Also, to help people with disabilities.

Trustees

The following persons served as directors during the year:

Mr Syed Adil Hussain Shah Dr Wajih Ali Khawaja Mr Syed Rafaqat Raza Bukhari Barrister Islam Uddin Chowdhary Mr Sajid Shah Mr Muhammad Kumail Haider Mr Syed Zafar Hussain Mr Mohammad Nazir Mr Agha Kazim Raza Mr Gulfam Raza Mr Israr Hussain Shah Mr Asghar Ali Kirmani Mr Syed Hassan Raza Mr Sayyed Sajjad Hussain Shah Mr Syed Fasih Asghar Shah Mr Tassawar Hussain Shah

Charities provisions

This report has been prepared in accordance with the provisions in Charities Act 2011 ("the Act").

This report was approved by the board on 31 January 2024 and signed on its behalf.

Mr Syed Adil Hussain Shah Chairman

Registered number 269886

IMAMIA MISSION LONDON (U.K.)

Report and Accounts

31 March 2023

IMAMIA MISSION LONDON (U.K.) Company Information

Trustees

Accountants

Right Solutions Ltd 54 New Road Seven Kings Ilford Essex IG3 8AT

Registered office

129 Perrymans Road Ilford Essex IG2 7LX

Registered number 269886

IMAMIA MISSION LONDON (U.K.)

Accountants' Report

Accountants' report to the Trustees IMAMIA MISSION LONDON (U.K.)

Responsibilities and basis of report:

I report to the trustees on my examination of the accounts for the year ended 31 March 2023. As the charity trustees of the Trust, you are responsible for the preparation o1 the accounts in accordance with the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under s145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under s145(5)(b) of the Act.

Independent examiner’s statement:

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Act; or
The accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Right Solutions Ltd Accountants

54 New Road Seven Kings Ilford Essex IG3 8AT

31 January 2024

IMAMIA MISSION LONDON (U.K.)

Profit and Loss Account

for the year ended 31 March 2023

Turnover Cost of sales Gross profit/(loss) Administrative expenses Other operating income Operating profit Profit for the financial year	2023 £ 39,835 (21,365) 18,470 (62,956) 78,333 33,847 10,135	2022 £ 25,394 (27,265) (1,871) (58,773) 74,200 13,556 13,556

IMAMIA MISSION LONDON (U.K.) Registered number: 269886 Balance Sheet as at 31 March 2023

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Capital and reserves Profit and loss account Shareholders' funds	1,305 19,492 20,797	2023 £ 1,042,333 20,797 1,063,130 (1,041,460) 21,670 96,670 96,670	1,305 25,302 26,607	2022 £ 1,117,333 26,607 1,143,940 (1,057,405) 86,535 86,535 86,535

The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011("the Act") 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 Charities subject to the Charities regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr Syed Adil Hussain Shah Chairman Approved by the board on 31 January 2024

IMAMIA MISSION LONDON (U.K.) Statement of Changes in Equity for the year ended 31 March 2023

At 1 April 2021 Profit for the financial year At 31 March 2022 At 1 April 2022 Profit for the financial year At 31 March 2023	Share capital £ - - - -	Share premium £ - - - -	Re- valuation reserve £ - - - -	Profit and loss account £ 72,979 13,556 86,535 86,535 10,135 96,670	Total £ 72,979 13,556 86,535 86,535 10,135 96,670

IMAMIA MISSION LONDON (U.K.) Notes to the Accounts for the year ended 31 March 2023

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).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 20% Reducing Balance Fixtures, fittings, tools and equipment 20% Reducing Balance

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

IMAMIA MISSION LONDON (U.K.) Notes to the Accounts

for the year ended 31 March 2023

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

IMAMIA MISSION LONDON (U.K.) Notes to the Accounts for the year ended 31 March 2023

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 April 2022 At 31 March 2023 Depreciation At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 4 Debtors Other debtors 5 Creditors: amounts falling due after one year Obligations under finance lease and hire purchase contracts	2023 Number 0 2023 £ 1,305 2023 £ 402,978	2022 Number 0 Land and buildings £ 1,042,333 1,042,333 - 1,042,333 1,042,333 2022 £ 1,305 2022 £ 441,266

IMAMIA MISSION LONDON (U.K.)

Notes to the Accounts

for the year ended 31 March 2023

Trustees Loan A/c	638,482 1,041,460	616,139 1,057,405

6 Other information

IMAMIA MISSION LONDON (U.K.) is a private company limited by shares and incorporated in England. Its registered office is: 129 Perrymans Road

Ilford

Essex IG2 7LX

IMAMIA MISSION LONDON (U.K.)

Detailed profit and loss account for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross profit/(loss) Administrative expenses Other operating income Operating profit Profit before tax	2023 £ 39,835 (21,365) 18,470 (62,956) 78,333 33,847 10,135	2022 £ 25,394 (27,265) (1,871) (58,773) 74,200 13,556 13,556

IMAMIA MISSION LONDON (U.K.) Detailed profit and loss account

for the year ended 31 March 2023

This schedule does not form part of the statutory accounts

Sales Donations & Madrassa Income Cost of sales Funeral Expenses Maulana Expenses Muharram Expenses Administrative expenses Employee costs: Motor expenses Premises costs: Rates Council Fees Light and heat Cleaning Fixture & Furniture General administrative expenses: Telephone and internet TV license Bank charges Insurance Repairs and maintenance Sundry expenses Legal and professional costs: Other legal and professional Other operating income Rental income	2023 £ 39,835 1,035 - 20,330 21,365 1,076 1,076 282 2,000 11,966 2,053 - 16,301 1,304 318 61 2,331 26,578 300 35,406 10,173 10,173 62,956 78,333	2022 £ 25,394 7,000 5,836 14,429 27,265 1,722 1,722 1,045 9,448 15,345 3,044 3,649 32,531 1,194 317 15 1,108 12,931 6,919 22,484 2,036 2,036 58,773 74,200

IMAMIA MISSION LONDON (U.K.)

Accountants' Report

Accountants' report to the Trustees IMAMIA MISSION LONDON (U.K.)

Responsibilities and basis of report:

Independent examiner’s statement:

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Act; or
The accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Right Solutions Ltd Accountants

54 New Road Seven Kings Ilford Essex IG3 8AT

23 January 2024