2020-12-31-accounts - Madrassa Zia-Ul Quran

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MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

218-220 & 233 ST SAVIOURS ROAD ALUM ROCK BIRMINGHAM

F I N A N C I A L S T A T E M E N T S

YEAR ENDED 31 DECEMBER 2020

KAISER NOUMAN NATHAN LLP

57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP

M.165/MN/HQ

15 JUNE 2021

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

YEAR ENDED 31 DECEMBER 2020

C O N T E N T S ASSOCIATION INFORMATION MANAGEMENT COMMITTEE REPORT REPORT OF THE INDEPENDENT EXAMINER STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS	PAGE
	1 2 3 4 5 6-7

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

YEAR ENDED 31 DECEMBER 2020

ASSOCIATION INFORMATION

CHARITY REGISTRATION NUMBER 518022 CHAIRPERSON MR KHAWAJA MOHAMMED SHAFIQUE TREASURER MR MOHAMMAD YOUNIS SECRETARY MR MUHAMMAD NAWAZ PRESIDENT MR MOHAMMED YOUNAS ADDRESS 233 ST SAVIOURS ROAD SALTLEY BIRMINGHAM B8 1ER INDEPENDENT EXAMINER KAISER NOUMAN NATHAN LLP 57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP BANKERS BARCLAYS BANK PLC 534 COVENTRY ROAD SMALL HEATH BIRMINGHAM B10 0UZ

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

REPORT OF THE MANAGEMENT COMMITTEE

The Trustees present their report and the financial statements for the year ended 31 December 2020.

FORMATION STATUS AND PRINCIPAL ACTIVITIES

Madrassa Zia Ul Quran (formed on 21 January 1977) is registered with the Charity Commission (No. 518022) and is constituted under a Deed of Trust.

The Charity is administered by a ‘Trust Committee’ (Members called Trustees) details of which are given in the attached schedule.

The principal object of the Charity is to provide a place of worship and religious teaching and education for the benefit of local Muslim Community.

REVIEW OF ACTIVITY

Funds are being held in cash to finance building expansion and possible investment to ensure future operation and revenues.

TRUSTEES RESPONSIBILITIES

The Trustees are required to prepare financial statements for each financial year as required by the Charity Commission rules and regulations.

The Trustees are responsible for keeping proper accounting records which disclose; with reasonable accuracy, the financial position of the Charity and to ensure that the Financial Statements comply with the Charity Commission rules. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FOR AND ON BEHALF OF THE TRUSTEES

MR KHAWAJA MOHAMMED SHAFIQUE Chairperson

15 June 2021

INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT COMMITTEE OF

MADRASSA ZIA UL QURAN

I report on the accounts of the charity for the year ended 31 December 2020 which are set out on pages 4 to 7.

RESPECTIVE RESPONSIBILITIES OF OFFICERS AND EXAMINER

The charity’s officers are responsible for the preparation of the accounts. The charity’s officers consider that audit is not required for this year under Section 144(2) of the Charities Act 2011 (The 2011 Act) and that an Independent Examiner is needed.

It is our responsibility to:

examine the accounts under Section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

Our examination was carried out in accordance with the 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 you as Officers 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 matter has come to my attention:

1 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 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.

Have not been met; or

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

______

Kaiser Nouman Nathan LLP 57 Alfred Street Sparkbrook Birmingham B12 8JP

15 June 2021

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2020

INCOME AND EXPENDITURE INCOME AND ENDOWNMENTS FROM Donations and Legacies Other Income TOTAL EXPENDITURE ON Charitable Activities TOTAL NET INCOME / (EXPENDITURE) FUNDS BALANCES B/F 1.1.20 FUNDS BALANCES C/F 31.12.20	Notes 4	2020 Unrestricted Funds £ 83,360 25,591 _ 108,951 __ 89,756 _ 89,756 _ 19,195 1,693,917 ____ 1,713,112 =========	2019 Unrestricted Funds £ 128,585 - _ 128,585 __ 105,315 _ 105,315 _ 23,270 1,670,647 ____ 1,693,917 =========

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

BALANCE SHEET AS AT 31 DECEMBER 2020

Notes 2020 £ £ FIXED ASSETS Tangible Assets 3 1,371,095 CURRENT ASSETS Debtors and Prepayments 4,022 Cash at Bank 338,552 Cash in Hand 460 _____ 343,034 _____ CREDITORS: Due within one year Creditors and Accruals 5 1,017 _ NET CURRENT ASSETS 342,017 ___ TOTAL ASSETS 1,713,112 ========= FUNDS Unrestricted 1,713,112 ========= Approved on behalf of the Trustees	2019 £ £ 1,400,549 3,936 289,808 1,020 _____ 294,764 _____ 1,396 _ 293,368 ___ 1,693,917 ========= 1,693,917 =========

MR KHAWAJA MOHAMMED SHAFIQUE Chairperson

15 June 2021

MADRASSA ZIA UL QURAN

NOTES TO THE ACCOUNTS

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

YEAR ENDED 31 DECEMBER 2020

1) ACCOUNTING POLICIES

(a) Convention

The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on Accounting by Charities (2005).

(b) Depreciation

Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:

Freehold Property - 2% per annum on net book value Fixtures, Fittings and Equipment - 15% per annum on net book value

(c) Income

Income is included in the income and expenditure account at their due date.

2) BANK INTEREST

Bank interest is included in the income and expenditure account on receipt, at its gross amount.

3) TANGIBLE ASSETS COST At 31 December 2019 Addition At 31 December 2020 DEPRECIATION At 31 December 2019 Charge for the year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019	Freehold Property £ 1,866,684 - _ 1,866,684 477,232 27,789 _ 505,021 1,361,663 =========== 1,389,452 ===========	Fixtures Fittings And Equipment £ 57,610 - __ 57,610 46,513 1,665 ____ 48,178 9,432 ========= 11,097 =========	Total £ 1,924,294 - _ 1,924,294 523,745 29,454 _ 553,199 1,371,095 =========== 1,400,549 ===========
		= =

MADRASSA ZIA UL QURAN

(MOSQUE AND RELIGIOUS TEACHING INSTITUTE)

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2020

4) CHARITABLE ACTIVITIES Rates and Insurance Accountancy and Book Keeping Wages and NIC Telephone Fax Internet Service and Postage Light and Heat Repairs and Alarm Maintenance Cleaning and Laundry Depreciation Books and Stationery Sundry Expenses 5) CREDITORS AND ACCRUALS Book Keeping and Accountancy Light and Heat PAYE	2020 Unrestricted £ 3,853 1,218 29,090 510 13,184 7,256 4,591 29,454 230 370 _____ 89,756 =========== 2020 Unrestricted £ 702 315 - ___ 1,017 =========	2019 Unrestricted £ 10,447 1,170 33,744 497 18,051 2,580 4,412 30,314 2,070 2,030 _____ 105,315 =========== 2019 Unrestricted £ 690 310 396 ___ 1,396 =========