Charity Reglstratlon No. 700782 {England and Wales) LENTON MUSLIM CENTRE NOTTINGHAM REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
LENTON MUSLIM CENTRE NOTTINGHAM CONTENTS Page Truste8s' Annual Report Indapondent Examinerfs Report Statement of Flnanclal Activitie Balance Sheet Notès to the Financial Statements 8-11
LENTON MUSUM CENTRE NOTTINGHAM TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their report and the unaudited finanaal stalernents of the charity for the year ended 30 September 2024. The financial statements have been prepared in accordan with the second edition ot the Charities Statement of Recommended Practice issued in October 2019, the Financaal Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charits'es Act 2011. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 700782 Prln¢lpal address 56-60 Rolhesay Avenue Nottingh8m NG7 1PW Trustees of the ¢harlty The Iruslees who have serd during the year and sinG8 the year end Wre as follovr6.' Mr Mohammed Yaqoob {Ch8ir) Mr Syed Ahmad Mr Sufiyan Alidin Mr Mohammed Nun Mr Mateeb Khan Mr Raiyan Zaman Mr Mohammed Yasin Mr Mohammed Rashid Mr Kashif Ahmed Mr Wajid A2iZ Mr Sajid Aziz Mr Mohammed Rafique Mr Abdul aayyum Mr Moheed Tariq Mr Rehmal Khan Independent examlner Muhammad Amiughan Ali Khan. FCCA Akhter's Limited Accountants and Business Admsors 64 Castle Boulevard Nottingham NG7 1FN
LENTON MUSLIM CENTRE NOTTINGHAM TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 {CONTINUED) OBJECTIVES AND ACTIVITIES Objectlves and alms The charity was fomied in 1997 and registered in 1998. Its objects've is to advan the Muslim religion in the area of Nottingham. by providing and managing a place of worship, religious activities. the education and training of young people 8nd care for and welfare of the elderly in the area. Publ1¢ bènofltststement The charity aims to serve the whole community. for the benefit of the public in general, wherever possible. In meeting objectives and fom)ulaling future plans the trustees have Considered the Charity Commission's guidance on public benefit. FINANCIAL REVIEW Resenie8 Pollcy The charity's policy is lo ensure that there are sufficient free reseNes to cover three months of nom)al recurring expenditure. Whilst a significanl proportion of the reserves of £559,23912023-. £559,860) are represented by land and property, the funds held al the bank at the balanck sheet date are sufficient to cover normal recurring expenditure lor the next e1ve months. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a constitution, and conslilutes an unincorporated charity managed by Transaction8 and financial position The Statement of Financial Activities shows a nel defeat of £621 {2023.' surplus of £18.071) for the year. Total funds stood st £559,239 (2023.. £559,860,202) at 30 September 2024, ofwhich free reserves were £11.356 (2023.. £10,662}. Approved by order of the Management Committee and signed on its behalf by.. Mr Mohammed Yaqoob (Chair) Date: 28 April 2025
LENTON MUSLIM CENTRE NOTTINGHAM AA AC(A)IINT,I.NIS All) Ill'.s1%1ts> 4115l'lSOIIS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 I report on th8 accounts of the charity for the year ended 30 September 2024 which are set out on pages 6 to 12. Respective responsibllitles of trustees and •xamln•r The charity's trustees are responsible for the preparation of the accounls. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination Is required. 11 is my responsibility to.. examine the ac¢ounls under section 145 of the 2011 Act; follow the procedures laid dovm in the General Directions given by the Charity Commission under section 145{5){b) of the 2011 Act- and slate whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General Directions glven by the Charty Commission. An examination includes 8 review of the accounting records kept by the charity and a comparison of the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanalions from you as trustees concerning any such matters. The procedures undertak6n do not provide all the evidence that would be reqUId in an audit and consequently no opinion is given as to whether the accounts present a "true and fair Vie and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection viith my examination. no matter has come to my attention.. {11 which gives me reasonable cause to bèlieve that. in any material respect, the requirements to keep accounling records in 8ccordance w7th section 130 of the 2011 Ad., and - lo prepare accounts which accord with the accounting records and comply with the accountirnJ requirements of {21 to which. in my opinion, attenlion should be drawn in order to enable a proper understsnding of th8 accounts to be reached. Independont examlner Muhammad Amiughan Ali Khan, FCCA Akhterfs Limited Accountants and Business Advisors 64 Castle Boulevard Nottingham NG7 1FN
LENTON MUSLIM CENTRE NOTTINGHAM STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Fund$ Restrfcted Funds 2024 Totsl 2023 Total Notes Income and endowments from". Donations and legaaes Investment income Totsl income 65,385 7,356 72.740 41.735 11,377 53,112 7,356 72,740 Expendituro on: Charitable activities Other costs Total expenditure 73,361 73,361 73,361 73,361 35,040 35,040 Net {deficit>lsurplus {621) (621) 18.071 Re¢on¢iliation of funds: Totsl funds brought ford ReseNes Transfer During the year Total funds carrfod for4¥ard 10 559.860 559,860 541,789 10 559,239 55 The notes on pages 8 to 11 fomi part of these financial statements
LENTON MUSLIM CENTRE NOTTINGHAM BALANCE SHEEr FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Investments 454,383 93,500 547,883 450,870 98,328 549,198 Currènt assets Cash al bank Debtors 7,519 5,000 12,519 6,202 5.000 11,202 Credltors: amount8 falllng due wlthln one ar Not Current Asset¥ Total a8sets1888 Current Llabllllles 1.163 11,356 659 239 5401 10,662 559,860 Net a888t• 669 239 559.860 Charlty Fund8 Unrestncted funds 10 569,239 559,860 Tolal charlty lund8 10 559 239 /w.yAo•o8 Mr Mohammed Yaqoob The notes on pages 8 to 11 form part of these finanoal ststwnents
LENTON MUSLIM CENTRE NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Summary of slgnlflcantaccountlng pollcles {a) General infomiation and basis of preparation Lenton Muslim Centre Nottin9ham is a charity in England. The address ofthe registered office is given in the charity infomiation on page 1 of these ffinancial statements. The nature of the charity's operations and principal activities are to advance the Muslim ligIOn in the area of Nottingham, by providing and managing a pla of worship, religious activities. the education and training of young people and care for the welfare of the elderly in the area. The charity constilules a public benefit entity as defined by FRS 102. The financial stalemenls have been prepared in accordance with the second edition of Ihe Charities Slalement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and Ihe Charities Act 2011 The financial stalements are wepared on a going concern basis under the historical cost convention, modified to indude certain items at fair value. The financial statements 8r8 presented in sterling which is the functional curfency of the charity and rounded to the nearest £. The significant ac¢ounling policies applied In the preparation of these financial statements are set out below. These policies hav8 been consistently applied to 811 years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other putposes. The charity does not hold any restricted funds. (c) Income recognition All incoming reSoUrS are induded in the Stalement of Financial Activities {SoFA) when the chafity is legally entitled to the income after any perfOnnan conditions have been mel, the amount can be measured reliably and it is probable that the income will be received. (d) Expendlture recognition All expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constnjctive obligation to make payments lo third parties. it is probable that Ihe settlement will be required and the amount of the obligation can be measured reliabty. It is calegorised under the followng headings.. Expenditure on charitable 8Ctivities', and Other expendilure represenis those items not falling into the category above. (e) Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cosl) or valuation less accumulated depreciation and accumulaled impaimient losses. Cost indudes costs directly attdbutable to making the asset capable of eperating as inlended. Depreciation is provided on all tangible fixed assets, al rates calculated to wrile off the cost. less eslimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Flxtures and fittings 10% Reducing Balance Depreciation is not provided in respect of the Mosque or the house. This policy represents a departure from statutory accounting principles, whith require depreciation to be provided on all fixed assets. The Iruslees consider that this poltcy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic depreciation. Depreciation is only one of many factors refleded in the annual valuation and the amount which might olheThMse have been shown cannot be separately
LENTON MUSLIM CENTRE NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 {fj Investment propertlos Investment properties for which fair value can be measured reliably wthoul undue cost or effort are measured al fair value al each reporting dale with changes in fair value recognised in 'net gains l (losses) on investments, in the ststemenl of financial aclivilies. {g) Tax The charity is exempt from tax on ils charitable acliwlies. (li) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient wlh Ihe level of reserves lor the charity lo be able to continue as a going concern. (l) Governmènt grant8 Government grants are recognised at the fair value of the 8sset received or receivable when there is reasonable assurance that the grant conditions will be met and thè grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where grant does not specify perfonanCe conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognilion criteria are satisfied is recognised 8s a liability. Income frorn donatlons and legacl•8 2024 2023 Donations from individuals and other charitiés 65,385 41.735 Incomè from Invo8tments 2024 2023 Investment Profil 7,356 7,356 11,377 11.377 Trustèè's rémunèratlon and bènèflts There were no truslee$' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2023. Staff ¢0818 and ernployee benefit8 The average monthly number of employees during the year w85 as follt)W5'. 2024 2023 No employees received total employee benefits (excluding employer pension costs) of more than £60,CNJO.
LENTON MUSLIM CENTRE NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tangible fixed assets Freéhold Property Plant & Equipmonts Totsl Cost orvaluatlon: At 1st Oct 2023 Additions AI 30111 Sep 2024 450,000 1.326 4,fKsO 5.326 451,326 4,000 455,326 450.000 Doprecallon: Al 1 sl Ocl 2023 Charge for Ihe year At 30th Sep 2024 456 487 943 456 487 943 Not Book Value: At 30th Sep 2024 450.000 454 383 At 18t Oct 2023 450 000 870 450 870 Investment8 Cost Invesments othèr than loans Totsl At 1st Ocober 2023 Addition Disposal At 30th September 2024 98.328 93,500 98.328 93,500 98,328 93,500 98,328 93,600 Debtorn 2024 2023 Other Debtors Cr8dltorn: amounts falllng dua wlthln one year 2024 2023 Taxation and sorial seGurity Accruals 503 660 540 540 10
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 10 Fund reconclllatlon Unrèstrlcted funds Balance at 01-O¢t-2023 Income Expendlture 8alan¢e at 30.Sep-2024 Unrestrlcted General funds 73,361 559 239 11 Related party tran8actlons There are no related party transactions during the year ended 30 September 2024 {2023.' £ nil}.
LENTON MUSLIM CENTRE NOThINGHAM INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donatlon$ and legacles Donations from individuals arKI other charib'es 65.385 41,735 Investmént Income Profil from investments Totsl Incomlng ro$our¢es 11.377 53,112 72,740 EXPENDITURE Charftable actlvltl•• Imam fees Wages Charitable Donations Rates and water Insurance Lighl and heat Telephone Repairs and renewals Bank Charges Postage & Stationery Subscriptions Cleaning of premises Events & Activity Cost Sundry 14,600 12,000 7,270 1,460 4A2S 686 999 2,884 413 39.768 117 582 963 3.119 554 5,643 325 3,000 4,630 2,276 190 34,344 72,004 OTHER COSTS Oeprecialion of tangible fixed assets 487 487 97 Govemaneè costs Accountancy and legal fees 870 Total re80urce8 expended NET IDEFICIT)ISURPLUS 621 12