CHARITY REGISTRATION NUMBER: 700085 Grangetown Muslim Cultural Centre Unaudited Financial Statements 31 March 2025 SAK2020 LTD. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU
Grangetown Muslim Cultural Centre Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial ststements Detailed statement of financial activities 13 Notes to the detailed statement of financial activities 14
Grangetown Muslim Cultural Centre Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Grangetown Muslim Cultural Centre Charity registration number 700085 Company reglstration number Principal office and reglstered 2A Clydach Street office Grangelown Cardiff CF117AE UK The trustees Mr Q Z Zaman Mr G M Mustafa Mr M A Aslam MrMAAzam Company secretary Tariq Awan Independent examiner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardiff CF24 1PU Principal activitie6 The objeclive of the Cultural Centre is to serve the local Muslim Community primarily as a place of worship and religious teachings. On a daily basis the building provides and faciliiates worshipping facilities for local people to practice their religion in harmony in congregation or as ind ividual.
Grangetown Muslim Cultural Centre Trustees. Annual Report (continued) Year ended 31 March 2025 Review of business About five to six evening per week young children under 18 years age are taught the recitation of Holy Quraan in Arabic and, also about their religious belief and practi5 in English. Approximately there are about 240 children currently enrolled with Cultural Centre. The Centre is also used by the local teenagers to meet & greet each other under a supervised environment and discuss their social and educational matters. Teenagers are provided the volunteering opportunities to help organise special events anif support the management committee during large Eid gatherings. The charity facilitates separate events for ladies and have purchased a disused former Conservative Club building in May 2019 (on Corporaiion Rdl to provide more comprehensive educational & welfare services for young girls and their female family members, as part of its future development remit. As and when required the GMCC organises and facilitates Faith Visits from local Primary Schools, Police Force, Fire Brigades and Council staff members. In addition, the organisation provides private space for local Councillors to hold their monthly surgeries in order to help resolve any Cardiff Council related matters. Future developments The Association continues to promote it main objectives in the coming years. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. lo.&.S...... and signed on behalf of the board of trustees by.. Mr Q Z Zaman Trustee Mr G M Mustafa Trustee Tariq Awan Charity Secretary
Grangetown Muslim Cultural Centre Independent Examiner's Report to the Trustees of Grangetown Muslim Cultural Centre Year ended 31 March 2025 We report to the trustees on our examination of the financial statements of Grangetown Muslim Cultural Centre ('the charity,) for the year ended 31 March 2025. Respective responslbilities of the management committee and examiner As the charity's trustees you are responsible for the preparation of the accounts. The charity's trustees consider an aud it is not req uired for this year (under s43 <3) of the Charities Act 1993 (the Act). It is our responsibility lo.. 1. Examine the accounts (under s43 (3) (a) of the 1993 Act) 2. Follow the procedures laid down in the General Directions given by the Charity Cornmissioners under section 43 171 Ib) of the Act, and 3. to 51ale whether particular matters have come to our attention. Independent examiner's statement In connection with our examination, no matter has come to our attention: 111 which given us reasonable cause to believe that in any material respeGt the requirements.to keep accounting records in accordance with section 41 if the Act- and to prepare accounts whiGh aOrd with the accounting records and to comply with the accounting requirements of the Act. Have not been met,, or 12) to which, in our opinion, attents'on should be drawn in order lo enable a proper understsnding of the accounts to be reached. •23J2_ 2. I_f Independent Examiner SAK2020 Ltd. Chartered Certified Accountants Broadway House Broadway Cardlff CF24 1 PU
Grangetown Muslim Cultural Centre Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Charitable activities 141,710 141,710 141,710 130,995 Total income 141,710 130,995 Expenditure Expenditure on charitable activities Total expenditure 141,220 141,220 141,221 133,923 141,221 133,923 Net incomel(expenditure) and net movement In funds 490 48g {2,928) Reconciliation of funds Total funds brought forward Total funds carrled forward 1,046,972 1,047,462 1,046,972 1,049,900 1,047,462 1,046,971 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities. The notes on pages 6 to 11 fomi part of these financial statements.
Grangetown Muslim Cultural Centre Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 1,055,482 1,057,188 Current assets Cash al bank and in hand 43,124 40,579 Creditors: amounts falling due within one year Net current assets 10 350 42,774 40,579 Total assets less current liabllltles 1,098,256 1,097,767 Creditors: amounts falllng due after more than one year Net assets 11 50,795 1,047,461 50,795 1,046,972 Funds of the charity Unrestricted funds 1,047,462 13 1,047,462 1,046,971 Total charlty funds 1,046,971 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities.. The members have riot required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Thes fin ncial statements were approved by the board of trustees and authorised for issue on 2<>Z f......., and are signed on behalf of the board by.. aman Trustee The notes on pages 6 to 11 fomi part of these financial statements.
Grangetown Muslim Cultural Centre Notes to the Financial Statements Year ended 31 March 2025 statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Iieland,, the Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 1021) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial Stslements have been prepared on the historical cost basis, as modified by the revaluation of certain financi81 assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the enlity. Golng concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purpose5. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes. restricted income fund5 or endowment funds. Incoming resources All incoming resources are included in the statemenl of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity 2nd the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is re¢ognis8d when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recogni5ed in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Grangetown Muslim Cultural Centre Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2025 Accounting policies (contffnuod) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fvndraising activities, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by 8 charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relab'ng to the governance of the charity 2PPOrtioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the chartty nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable 8nd consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives 15 recognised as a reduction to expense over the lease term, on a stralght-line basis. Tanglble assets Tangible assets are initially recorded al Cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairrnent losses. An increase in the carrying amounl of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for itnpairment that has previously been recognised as expenditure within the statement of financial activities, A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated 50 as to wriie off the cost or valuation of an asset, less Ils residual value, over the useful economic life of that asset as follows: Financial instruments A financial asset or a financial liability is recog nised only when the charity becomes a party to the contractual provisions of the instru ment. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Grangetown Muslim Cultural Centre Notes to the Financial Statements (continued) Year ended 31 March 2025 A¢counting policies (contlnuedj Financial instruments (continued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounled at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of f inancial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the in ilial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individ ually significant. these are assessed individually for impairment. Other financial assets are eilher assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset thai exceeds what the carrying amount would h8ve been had the impairment not previously been recognised. Defin8d contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund, When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, Ihe liability is measured on a discounled present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee
Grangetown Muslim Cultural Centre Notes to the Financial Statements {continued) Year ended 31 March 2025 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Class Tuition Fee Annual Maintenance Fee Document Certifying Fee Donation Received Eid Collections Friday Collections 83,990 4,036 240 14,779 5,237 33,428 83,990 4,036 240 14,779 5,237 33,428 72,442 6,151 500 15,545 3,891 32,466 72,442 6,151 500 15,545 3,891 32,466 141,710 141.710 130,995 130,995 Expendlture on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Activity type 1 141,220 141,221 133,924 133,923 Expenditure on charltable actlvltles by activity type Activities undertaken Total fund8 directly 2025 Total fund 2024 Activity lype 1 141,221 141,221 133,923 Net incomel{expenditure) Net i ncomel{expenditure) is stated after chargingllcrediting).. 2025 2024 Depreciation of tangible fixed assets Operating lease rentals 3,111 60 3,772 153 Staff cost8 The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 100,370 6,481 2,487 93,647 5,160 1,711 1D9,338 100,518 The average head count of employees during Ihe year was Nil (2024.. Nil}. No employee received employee benefits of more Ihan £60,000 during the year12024'. Nil).
Grangetown Muslim Cultural Centre Notes to the Financial Statements (continued) Year ended 31 March 2025 Tangible flxed assets Freehold Fixtures and property fittings Total Cost At 1 April 2024 Additions 1.042,102 53,837 1.405 1,095,939 1,405 At 31 March 2025 1,042,102 55,242 1,097,344 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 38,751 3,111 38,751 3,111 41.862 41,862 Carrylng amount At 31 March 2025 1,042,102 13,380 1,055,482 1,057,188 At 31 MarGh 2024 1,042,102 15,086 10. Creditors: amounts falling due withln one year 2025 2024 Accruals and deferred income 350 11. Creditors: amount8 falling due after more than one year 2025 2024 Bank loans and overdraft5 50,795 50,795 12. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,487 {2024'. £1,711). 10
Grangetown Muslim Cultural Centre Notes to the Financial Statements (continued) Year ended 31 March 2025 13. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General fijnds 1,046,972 141,710 1141,2201 1,047,462 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 1,049,900 130,995 (133,924) 1,046,971 11
Grangetown Muslim Cultural Centre Management Information Year ended 31 March 2025 The following pages do not form part of the financial statements. 12
Grangetown Muslim Cultural Centre Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Charitsble activlties Class Tuition Fee Annual Maintenance Fee Document Certifying Fee Donation Received Eid Collections Friday Collections 83,990 4,036 240 14,779 5,237 33,428 141,710 72,442 6,151 500 15,545 3,891 32,466 130,995 Total incoma 141.710 130,995 Expenditure Expenditure on charitable activities Wageslsalaries Employer's NIC Pension costs Bank Charge Cleaning & Refuse Rates & water Light & heat Repairs & maintenance Insurance Postage, prinling & stationery Sundry expense Legal and professional fees Telephone Service Charge Refreshment Depreciation Accountancy fees 100,370 6,481 2,487 60 335 6.332 9,886 6,391 2,639 39 93,647 5,160 1,711 153 449 4,082 18,898 1,220 2,533 114 1,639 75 584 90 1,990 3,111 351 545 3,772 141,221 133,923 Total expenditure 141,221 133,923 Net incomel(expenditure) 489 (2,928) 13
Grangetown Muslim Cultural Centre Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charitable activities Activity type 1 Activities undertaken directly Wageslsalaries Employer's NIC Pension costs Bank Charge Cleaning & Refuse Rates & water Light & heat Repairs & maintenance Insurance Postage, prlnting & stationery Sundry expense Legal and professional fees Telephone Service Charge Refreshment Depreciation Accountancy fees 100,370 6,481 2,487 60 335 6,332 9,886 6,391 2,639 39 93,647 5,160 1,711 153 449 4,082 18,898 1,220 2,533 114 1,639 75 584 90 1,990 3,111 351 545 3,772 141,221 133,923 Expenditure on charltable actlvltlès 141,221 133,923 14