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REGISTERED COMPANY NUMBER: 08027504 (England and Wales)
REGISTERED CHARITY NUMBER: 1151644














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2024

for

Shrewsbury Muslim Centre

Shrewsbury Muslim Centre






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

Shrewsbury Muslim Centre (Registered number: 08027504)

Report of the Trustees
for the Year Ended 30 April 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
(a) To advance the Muslim religion for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals;

(b) To further or benefit the residents of Shrewsbury and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.

(c) To promote other such charitable purposes as the trustees may from time to time determine.

FINANCIAL REVIEW
Total incoming resources in the year amounted to £79,264 (2023: £73,027) with a net surplus of £12,422 (2023: £22,383 surplus) at the year end.

FUTURE PLANS
The organisation intends to carry on its core services of advancing Muslim religion for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals, advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.

The charity plans to continue with its activities and provide additional services subject to obtaining further funding as required.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The charity was incorporated as a company limited by guarantee on 12 April 2012 and it was registered with the Charities Commission on 15 April 2013.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08027504 (England and Wales)

Registered Charity number
1151644


Shrewsbury Muslim Centre (Registered number: 08027504)

Report of the Trustees
for the Year Ended 30 April 2024

Registered office
SKN Business Centre
1 Guildford Street
Birmingham
West Midlands
B19 2HN

Trustees
Muhammad A Rahman Trustee
Kabir Uddin Trustee
Sufu Miah Trustee
Ahmed Mustafa Trustee
Momen A Chowdhury Trustee

Company Secretary

Independent Examiner
Mr Monzur Sumon FCCA, ACA, CTA
Abacus tax Consultants Ltd
Chartered Accountants
The Colmore Building
20 Colmore Circus
Birmingham
West Midlands
B4 6AT

Approved by order of the board of trustees on 16 October 2024 and signed on its behalf by:





Sufu Miah - Trustee

Independent Examiner's Report to the Trustees of
Shrewsbury Muslim Centre

Independent examiner's report to the trustees of Shrewsbury Muslim Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Mr Monzur Sumon FCCA, ACA, CTA

Abacus tax Consultants Ltd
Chartered Accountants
The Colmore Building
20 Colmore Circus
Birmingham
West Midlands
B4 6AT

16 October 2024

Shrewsbury Muslim Centre

Statement of Financial Activities
for the Year Ended 30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 73,864 67,627

Other trading activities 2 5,400 5,400
Total 79,264 73,027

EXPENDITURE ON
Raising funds 3 12,937 10,304

Charitable activities
Education / Training 53,905 40,341
Total 66,842 50,645

NET INCOME 12,422 22,382


RECONCILIATION OF FUNDS
Total funds brought forward 326,121 303,739

TOTAL FUNDS CARRIED FORWARD 338,543 326,121

Shrewsbury Muslim Centre (Registered number: 08027504)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 461,124 461,124

CURRENT ASSETS
Debtors 7 - 239
Cash at bank 48,086 35,987
48,086 36,226

CREDITORS
Amounts falling due within one year 8 (7,457 ) (5,678 )

NET CURRENT ASSETS 40,629 30,548

TOTAL ASSETS LESS CURRENT
LIABILITIES

501,753

491,672

CREDITORS
Amounts falling due after more than one
year

9

(163,210

)

(165,551

)

NET ASSETS 338,543 326,121
FUNDS 11
Unrestricted funds 338,543 326,121
TOTAL FUNDS 338,543 326,121

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.

Shrewsbury Muslim Centre (Registered number: 08027504)

Balance Sheet - continued
30 April 2024


These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 16 October 2024 and were signed on its behalf by:





Sufu Miah - Trustee





Kabir Uddin - Trustee





Muhammad A Rahman - Trustee





Ahmed Mustafa - Trustee





Momen A Chowdhury - Trustee

Shrewsbury Muslim Centre

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Shrewsbury Muslim Centre

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. OTHER TRADING ACTIVITIES
30.4.24 30.4.23
£    £   
Rent receivable 5,400 5,400

3. RAISING FUNDS

Raising donations and legacies
30.4.24 30.4.23
£    £   
Support costs 12,937 10,304

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 67,627

Other trading activities 5,400
Total 73,027

EXPENDITURE ON
Raising funds 10,304

Charitable activities
Education / Training 40,341
Total 50,645

NET INCOME 22,382


RECONCILIATION OF FUNDS
Total funds brought forward 303,739


Shrewsbury Muslim Centre

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED
FORWARD

326,121

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023 and 30 April 2024 456,968 4,156 461,124
NET BOOK VALUE
At 30 April 2024 456,968 4,156 461,124
At 30 April 2023 456,968 4,156 461,124

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Prepayments - 239

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,629 3,724
Other creditors 5,828 827
Accrued expenses - 1,127
7,457 5,678


Shrewsbury Muslim Centre

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 132,210 134,551
Other creditors 31,000 31,000
163,210 165,551

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 132,210 134,551

11. MOVEMENT IN FUNDS
Net
movement At
At 1.5.23 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 326,121 12,422 338,543

TOTAL FUNDS 326,121 12,422 338,543

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 79,264 (66,842 ) 12,422

TOTAL FUNDS 79,264 (66,842 ) 12,422


Shrewsbury Muslim Centre

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.5.22 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 303,739 22,382 326,121

TOTAL FUNDS 303,739 22,382 326,121

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 73,027 (50,645 ) 22,382

TOTAL FUNDS 73,027 (50,645 ) 22,382

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.5.22 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 303,739 34,804 338,543

TOTAL FUNDS 303,739 34,804 338,543

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 152,291 (117,487 ) 34,804

TOTAL FUNDS 152,291 (117,487 ) 34,804

Shrewsbury Muslim Centre

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.

13. COMPANY LIMITED BY GUARANTEE

Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 30 April 2024 was 5 (2023: 5).