2022-03-31-accounts - Masjid Bilal And Islamic Centre

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Charity Reference Number: 516867 mas.id Bilal and Islamic Centre ort and financial statements for the ear ended 31 March 2022

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Contents

Reference and administrative details Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the accounts	Page
	1 2-3 4 5 6 7-9

Masjid Bilal and Islamic Centre Reference and administrative details for the year ended 31 March 2022

Charity Registration No:	516867
Principal Office:	Masjid Bilal and Islamic Centre
	2-4 Beaconsfield Street
	Haslingden
	Rossendale
	Lancashire
	BB4 5TD
Trustees:	Mr Mohammed Iftikhar Khan (Chair)
	Mr Adam Nawaz (secretary)
	Mr Mohammed Rahman
	Mr Asif Mahmood
	Mr Muhammad Zahid
Bankers:	TSB Bank
	Henry Duncan House
	120 George Street
	Edinburgh
	EH2 4LH
Accountants:	H&A Consultancy Services Ltd
	Ground Floor Front
	185 Audley Range
	Blackburn
	Lancashire
	BB1 1TH

Masjid Bilal and Islamic Centre Charity Reference Number: 516867

Trustee's Annual Report for the year ended 31 March 2022

The Trustees present their report and accounts for the year ended 31 March 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Trust Deed , the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Structure, governance and management

The trustees named on the preceding page under 'Legal and administrative information' have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

Our objectives

The objectives, as defined by the Charity Constitution, are:

(a) To provide facilities in Haslingden for worship according to the Islamic faith and for the practice of beliefs according to the institutions of Islam and to provide for the religious interests of Muslims in the community.

(b) to provide religious education for members of the Muslim community of Haslingden.

(c) to promote throughout the community of Haslingden knowledge and understanding of the beliefs and institutions of Islam.

Achievements and performance

Prayers - The Masjid is open all day for the five daily prayers as well as Friday prayers and prayers to commemorate the dead.

Education - The Masjid provides Children's after school Arabic classes.

Festivals - The mosque provides food free of charge to the local community during the month of Ramadan.

Funding - To raise funds by means of donations, gifts, legacies, grant aid from statutory authorities and other loans and fundraising events.

The Masjid also holds meetings and consultations with major stakeholders i.e. police and schools.

Future Plans

The charity aims to continue with its activities long term for the benefit of the community.

Risk management

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

Masjid Bilal and Islamic Centre Charity Reference Number: 516867

Trustee's Annual Report for the year ended 31 March 2022

Reserves policy

The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which will allow them to respond quickly to the needs of the Charity.

Trustees' responsibilities

The Charities Act require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus of the charity for that period. In preparing those financial statements the trustees are required to:

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 22 June 22023 and signed on its behalf by:

Mohammed Iftikhar Khan Adam Nawaz Chair Secretary

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Independent Examiner's Statement, Report and Opinion on the Accounts

I report on the accounts of the charity for the year ended 31 March 2022.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under (under section 145 (5)(b) of the Charities Act, and
to state whether particular matters have come to my attention

Basis of Independent Examiner's Report

My 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 the 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 material matters have come to my attention

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 Charities Act; and

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; and

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

I Mulla (AFA MIPA) for and behalf of H&A Consultancy Services Ltd Ground Floor Front 185 Audley Range Blackburn Lancashire BB1 1TH

22 June 2023

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Statement of Financial Activities for the year ended 31 March 2022

Incoming resources from generated funds Grants and donations Gift Aid HMRC furlough grants Resources expended Charitable activities 2 Governance costs 3 Total resources expended Net incoming/(outgoing) resources for the year Total funds brought forward at 1 April 2021 Total funds carried forward at 31 March 2022		2022 £ 23,691 2,574 1,366 27,631 30,126 460 30,586 (2,955) 277,763 274,808 Unrestricted Funds		Unrestricted
				2021 £ 25,171 3,297 6,500 34,968 32,401 300 32,701 2,267 275,496 277,763 Funds

There are no gains or losses other than those recognised in the Statement of Financial Activities

All incoming resources and resources expended are derived from continuing activities

The notes attached on pages 7 to 9 form part of these accounts

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Balance Sheet as at 31 March 2022

Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Current liabilities Other liabilities and accruals 5 Net current assets Net assets Funded by Endowment Fixed Asset Funds Unrestricted Revenue Funds Total Funds	25,582 25,582 774 774	2022 £ 250,000 24,808 274,808 250,000 24,808 274,808	28,769 28,769 1,006 1,006	2021 £ 250,000 27,763 277,763 250,000 27,763 277,763

Approved by the trustees on 22 June 22023 and signed on its behalf by:

Mohammed Iftikhar Khan Adam Nawaz Chair Secretary

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention.

The Charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the coming resources and related expenditure are reported gross in the SoFA.

Grants and donations

Grants and donations are only included in the SoFA when the charity has been given notification of entitlement is received and the amount receivable can be measured with sufficient reliability.

Tax reclaims on donations and gifts

Incoming resources from tax reclaims are in included in the SoFA at the same time as the gift to which they relate.

Gift in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

The value of any voluntary help received is not included in the accounts.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Notes to the Accounts for the year ended 31 March 2022

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Plant and machinery

25% reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors

Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles.

Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

2 Charitable activities Employee costs: Wages and salaries Premises costs: Rates and insurances Light and heat General administrative expenses: Repairs and maintenance Stationery and printing Bank charges Legal and professional costs: Radio Licence and subscriptions Professional fees Total	2022 £ 22,867 22,867 306 3,951 4,257 2,604 - 123 2,727 75 200 275 30,126	2021 £ 23,676 23,676 276 3,418 3,694 4,575 210 171 4,956 75 - 75 32,401	2021

Masjid Bilal and Islamic Centre Charity Reference Number: 516867 Notes to the Accounts for the year ended 31 March 2022

3 Governance Accountants fees 4 Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the period At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 5 Creditors: amounts falling due within one year Other creditors	2022 £ 460 460 Premises £ 250,000 - 250,000 - - - 250,000 250,000	2021 £ 300 300 Total £ 250,000 - 250,000 - - - 250,000 250,000 2022 £ 774 774	2021 £ 1,006 1,006

6 Average number of staff

Average number of staff during the year was 2 (2021: 2)