MARKAZI JAMIA MASJID GULZAR-E-HABIB
REPORT OF THE TRUSTEES for the Year Ended 31[st] March 2023
The trustees present their report with the financial statements of the centre for the period ended 31[st] March 2023.
STATEMENT OF
RESPONSIBILITIES
Tax Law requires the proprietor to prepare financial statements for each financial period, which give a true and fair view of the state of the business and of the surplus and deficit of the business for that period. In preparing those financial statements, the trustees have:
-
selected suitable accounting policies and then applied them consistently;
-
made judgements and estimates that are reasonable and prudent;
-
prepared the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with Tax Law. They are also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
PRINCIPAL ACTIVITY
The principal activity of the centre in the year under review was that of mosque and learning and resource centre serving West Bromwich.
REVIEW OF THE BUSINESS
The results for the year and financial position of the centre are shown in the annexed financial statements.
TRUSTEES
There were 6 trustees in the years under review.
A F Hussain Chairman of Trustees
Dated: May 2024
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REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] MARCH 2023
FOR
MARKAZI JAMIA MASJID GULZAR-E-HABIB
MARKAZI JAMIA MASJID GULZAR-E-HABIB
| CONTENTS OF THE FINANCIAL STATEMENTS | |
|---|---|
| for the Year Ended 31stMarch 2023 | |
| Business Information | 1 |
| Report of the Trustees | 2 |
| Accumulated Surplus Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| The following pages do not form part of the | |
| financial statements: | |
| Independent Accountants’ Report | 7 |
MARKAZI JAMIA MASJID GULZAR-E-HABIB
BUSINESS INFORMATION for the Year ended 31[st] March 2023
TRUSTEES: Abdul Fazal Hussain Mohammed Saber Saghir Khan Shabir Hussain Kala Khan Mohammed Alias ADDRESS: 47, 47A, 47B Dartmouth Street West Bromwich B70 8BX ACCOUNTANTS: Smart Accountants Ltd Office 3, South Staffordshire Terminal Lynn Lane Shenstone WS14 0ED REGISTERED CHARITY NUMBER: 517191
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MARKAZI JAMIA MASJID GULZAR-E-HABIB
REPORT OF THE TRUSTEES for the Year Ended 31[st] March 2023
The trustees present their report with the financial statements of the centre for the period ended 31[st] March 2023.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Tax Law requires the proprietor to prepare financial statements for each financial period, which give a true and fair view of the state of the business and of the surplus and deficit of the business for that period. In preparing those financial statements, the trustees have:
-
selected suitable accounting policies and then applied them consistently;
-
made judgements and estimates that are reasonable and prudent;
-
prepared the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with Tax Law. They are also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
PRINCIPAL ACTIVITY
The principal activity of the centre in the year under review was that of mosque and learning and resource centre serving West Bromwich.
REVIEW OF THE BUSINESS
The results for the year and financial position of the centre are shown in the annexed financial statements.
TRUSTEES
There were 6 trustees in the years under review.
A F Hussain – Chairman of Trustees
Dated: May 2024
Page 2
MARKAZI JAMIA MASJID GULZAR-E-HABIB
BALANCE SHEET 31[st] March 2023
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for:
-
(a) ensuring that the company keeps accounting records which 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 company as at the end of each financial year and of its profit or loss 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 company.
The financial statements have been prepared in accordance with the special provisions of Part XV of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Trustees on May 2024 and were signed on their behalf by:
A F Hussain – Chairman of Trustees
Approved on:
These notes form part of the financial statements Page 5
MARKAZI JAMIA MASJID GULZAR-E-HABIB
INDEPENDENT ACCOUNTANTS’ REPORT TO THE TRUSTEES OF MARKAZI JAMIA MASJID GULZAR-E-HABIB ON THE UNAUDITED ACCOUNTS
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31[st] March 2023 set out on pages three to eight and you consider that the centre is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities. These unaudited financial statements have been compiled from the accounting records, information and explanations supplied to us.
Our report has been prepared in accordance with the terms outlined above and for no other purpose. No person is entitled to rely on this report other than the trustees of MARKAZI JAMIA MASJID GULZAR-E-HABIB or any other person expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby disclaim any and all such liability.
You have approved the financial information and have acknowledged your responsibility for it, for the appropriateness of the accounting basis and for providing all information and explanations necessary for its completion.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not therefore express any opinion on the financial information.
Smart Accountants Ltd Office 3, South Staffordshire Terminal Lynn Lane, Shenstone WS14 0ED
Dated: 22[nd] May 2024
This page does not form part of the statutory financial statements Page 7
MARKAZI JAMIA MASJID GULZAR-E-HABIB
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31st March 2023
| Income Grants Donations Other income Overhead Expenses Employee costs Premises Costs Building costs General Administrative Expenses Motor expenses Travel & Subsistance Advertising & Promption Legal & Professional Fees Bad Debts Bank interest Other Financial Charges Other Expenses Depreciation: Buildings Depreciation: Tools and Equipment Depreciation: Fixtures and Fittings Net Surplus |
2023 £ - 44,924 8,500 53,424 24,186 33,734 269 15,586 73,774 (20,351) |
2022 £ - 20,810 10,302 |
|---|---|---|
| 31,112 24,532 10,498 201 19,482 |
||
| 54,713 (23,602) |
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MARKAZI JAMIA MASJID GULZAR-E-HABIB
| BALANCE SHEET AS AT 31st March 2023 Notes £ FIXED ASSETS 4 DEBTORS AND PREPAYMENTS 0 BANK ACCOUNT 26,942 CURRENT ASSETS 26,942 CURRENT LIABILITIES 1 550 NET CURRENT ASSETS TOTAL NET ASSETS FINANCED BY: LOAN 2 ACCOUNTS ACCUMULATED SURPLUS 3 MEMBERS FUNDS |
BALANCE SHEET AS AT 31st March 2023 Notes £ FIXED ASSETS 4 DEBTORS AND PREPAYMENTS 0 BANK ACCOUNT 26,942 CURRENT ASSETS 26,942 CURRENT LIABILITIES 1 550 NET CURRENT ASSETS TOTAL NET ASSETS FINANCED BY: LOAN 2 ACCOUNTS ACCUMULATED SURPLUS 3 MEMBERS FUNDS |
2023 £ 62,344 26,392 88,735 0 88,735 88,735 |
2022 £ 77,930 0 31,656 |
|---|---|---|---|
| 26,942 550 |
31,656 500 |
||
| 31,156 | |||
| 109,086 | |||
| 0 109,086 |
|||
| 109,086 |
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MARKAZI JAMIA MASJID GULZAR-E-HABIB
NOTES TO THE FINANCIAL STATEMENTS
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 1 | CURRENT LIABILITIES | ||
| Creditors and Accruals | 550 | 500 | |
| 2 | LOAN ACCOUNTS | ||
| Flexiloan account | - | - | |
| 3 | ACCUMULATED SURPLUS | ||
| BROUGHT FORWARD | 109,086 | 132,688 | |
| Surplus/(defecit) for the year | (20,351) | (23,602) | |
| Revaluation reserve | |||
| TOTAL | 88,735 | 109,086 |
4 FIXED ASSETS
| FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Building costQUIPMEN F | & F | TOTAL | |||
| COST AT: | 1st April 2022 | 880,807 | 880,807 | ||
| DISPOSALS | |||||
| ADDITIONS | 0 | ||||
| COST AT: | 31st March 2023 | 880,807 | 0 | 0 | 880,807 |
| DEPRECIATION | @20%WDV | ||||
| B/F AT: | 1st April 2022 | 802,877 | 0 | 802,877 | |
| CHARGE FOR THE | PERIOD | 15,586 | 0 | 0 | 15,586 |
| AS AT: | 31st March 2023 | 818,463 | 0 | 0 | 818,463 |
| NET BOOK VALUE | |||||
| AS AT: | 31st March 2023 | 62,344 | 0 | 0 | 62,344 |
| Depreciation is charged on the reducing balance basis at the following rates: | Depreciation is charged on the reducing balance basis at the following rates: |
|---|---|
| Building costs | 20% |
| Equipment | 25% |
| Fixtures and Fittings | 25% |
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