Charity registration number 273580
SHEPHERDS BUSH MOSQUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
SHEPHERDS BUSH MOSQUE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Mohammed Siddique |
|---|---|
| Mr Fazal Beg | |
| Mr Muhammad Lal Khan | |
| Dr Ahmed Badat | |
| Mr Mohammad Khalid Khan | |
| Mr Riaz Ahmed Khan | |
| Mr Shafqat Rehman | |
| Mr Omar Mohsin | |
| Charity number | 273580 |
| Principal address | 302 Uxbridge Road |
| London | |
| United Kingdom | |
| W12 7LJ | |
| Independent examiner | Reddy Siddiqui LLP |
| 183-189 The Vale | |
| Acton | |
| London | |
| United Kingdom | |
| W3 7RW |
SHEPHERDS BUSH MOSQUE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
SHEPHERDS BUSH MOSQUE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's [governing document], the Charities Act 2011 and "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 2019).
Objectives and activities
The principal activity of the charity during the year continued to be that of
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(I) The advancement of the muslim religion.
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(II) The advancement of education in accordance with the tenets and doctrine of Islam.
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(III) The relief of such muslims who are poor and needy.
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(IV) To advance any other charitable purpose for the benefit of muslims in Shepherds Bush.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
Financial review
During the year the charity continued to receive donations which will be used to fund its activities.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Mohammed Siddique
Mr Fazal Beg Mr Muhammad Lal Khan
Dr Ahmed Badat
Mr Mohammad Khalid Khan
Mr Riaz Ahmed Khan
Mr Shafqat Rehman
Mr Omar Mohsin
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
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SHEPHERDS BUSH MOSQUE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
The Trustees' report was approved by the Board of Trustees.
Dr Ahmed Badat Trustee
Mr Shafqat Rehman Trustee
Mr Omar Mohsin Trustee
15 August 2023
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SHEPHERDS BUSH MOSQUE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SHEPHERDS BUSH MOSQUE
I report to the Trustees on my examination of the financial statements of Shepherds Bush Mosque (the Charity) for the year ended 31 March 2023.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Reddy Siddiqui LLP
183-189 The Vale Acton London W3 7RW United Kingdom
Dated: 15 August 2023
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SHEPHERDS BUSH MOSQUE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 153,757 47,557 Investments 4 22,455 - Other income 5 7,050 - Total income 183,262 47,557 Expenditure on: Charitable activities 6 259,224 96,895 Net (expenditure)/income for the year/ Net movement in funds (75,962) (49,338) Fund balances at 1 April 2022 1,114,261 79,734 Fund balances at 31 March 2023 1,038,299 30,396 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 201,314 135,116 20,654 22,455 7,000 - 7,050 1,980 - 230,819 144,096 20,654 356,119 111,639 500 (125,300) 32,457 20,154 1,193,995 1,061,650 79,734 1,068,695 1,094,107 99,888 |
Total 2022 £ 155,770 7,000 1,980 |
|---|---|---|
| Donations and legacies 3 Investments 4 Other income 5 Total income Expenditure on: Charitable activities 6 Net (expenditure)/income for the year/ Net movement in funds Fund balances at 1 April 2022 Fund balances at 31 March 2023 |
||
| 164,750 | ||
| 112,139 | ||
| 52,611 1,141,384 |
||
| 1,193,995 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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SHEPHERDS BUSH MOSQUE
BALANCE SHEET
AS AT 31 MARCH 2023
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds |
2023 £ £ 909,282 1,750 165,590 167,340 (7,927) 159,413 1,068,695 30,396 1,038,299 1,068,695 |
2022 £ £ 915,802 - 280,733 280,733 (2,540) 278,193 1,193,995 99,888 1,094,107 1,193,995 |
2022 £ £ 915,802 - 280,733 280,733 (2,540) 278,193 1,193,995 99,888 1,094,107 1,193,995 |
|---|---|---|---|
| 1,193,995 | |||
| 99,888 1,094,107 |
|||
| 1,193,995 |
The financial statements were approved by the Trustees on 15 August 2023
Dr Ahmed Badat Trustee
Mr Shafqat Rehman Trustee
Mr Omar Mohsin Trustee
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
Shepherds Bush Mosque is a unincorporated association.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Over 100 Years Lease Over 99 years Fixtures, fittings & equipment 25% reducing basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
3 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 153,757 | 47,557 | 201,314 | 135,116 | 20,654 | 155,770 |
4 Investments
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Rental income | 22,455 | 7,000 |
| 5 | Other income | ||
|---|---|---|---|
| **Unrestricted ** | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other income | 7,050 | 1,980 |
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
6 Charitable activities
| Staff costs Depreciation and impairment Charitable expenditure heading 1 Share of support costs (see note 7) Share of governance costs (see note 7) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Staff costs 60,010 - Support costs heading 1 189,369 - Audit fees - 1,908 249,379 1,908 Analysed between Charitable activities 249,379 1,908 |
2023 £ 60,010 189,369 1,908 251,287 251,287 |
Charity expenses Charity expenses 2023 2022 £ £ 1,416 1,676 6,520 6,540 96,896 500 104,832 8,716 249,379 103,111 1,908 312 356,119 112,139 259,224 111,639 96,895 500 356,119 112,139 Support costs Governance costs 2022 £ £ £ 61,132 - 61,132 41,979 - 41,979 - 312 312 103,111 312 103,423 103,111 312 103,423 |
|---|---|---|
7 Support costs
Governance costs includes payments to the accountant of £900+vat (2022: £900+vat) for accountancy fees.
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
9 Employees
The average monthly number of employees during the year was:
| Employees Employment costs Wages and salaries Social security costs Other pension costs |
2023 Number 3 2023 £ 60,007 3 1,416 61,426 |
2022 Number 3 |
|---|---|---|
| 2022 £ 60,359 773 1,676 |
||
| 62,808 |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11 Tangible fixed assets
| Cost At 1 April 2022 At 31 March 2023 Depreciation and impairment At 1 April 2022 Depreciation charged in the year At 31 March 2023 Carrying amount At 31 March 2023 At 31 March 2022 |
Land and buildings £ 929,004 929,004 75,743 5,574 81,317 847,687 853,261 |
Lease £ 85,425 85,425 23,298 863 24,161 61,264 62,127 |
Fixtures, fittings & equipment £ 21,084 21,084 20,670 83 20,753 331 414 |
Total £ 1,035,513 |
|---|---|---|---|---|
| 1,035,513 | ||||
| 119,711 6,520 |
||||
| 126,231 | ||||
| 909,282 | ||||
| 915,802 |
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SHEPHERDS BUSH MOSQUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Debtors
| Amounts falling due within one year: Other debtors 13 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income 14 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 March 2023 are represented by: Tangible assets 909,282 - Current assets/(liabilities) 159,413 - 1,068,695 - |
Total Unrestricted funds 2023 2022 £ £ 909,282 915,802 159,413 278,193 1,068,695 1,193,995 |
2023 £ 1,750 2023 £ 1,865 4,812 1,250 7,927 Restricted funds 2022 £ - - - |
2022 £ - |
|---|---|---|---|
| 2022 £ 1,308 102 1,130 |
|||
| 2,540 | |||
| Total 2022 £ 915,802 278,193 |
|||
| 1,193,995 |
15 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
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