ISLAMIC COMMUNITY CENTRE (Icc) Registered Charity no: 1012023 Reports and Financial Statements For the year ended 31 March 2024 111 'ii 111 Ill li 11111111 ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIEDACCOUNTANTS UNIT A, ABBOThS WHARF 93 STAINSBY ROAD LONDON. E14 6JL
ISLAMIC COMMUNITY CENTRE YEAR ENDED 31 fdARCH 2024 Charity Information Trust Mr Nur Chowdhury Mr M Ashik Ali Mr NimborAIi Mr Mohammad Faruque Hossain Khaled Mohammed Abdul Moyeed Charity number 1012023 Principal Offi 115 Clyde Road London N15 4JZ Independent Examiner MrAskir Khan Abacus Partners {Ldn) LLP Chartered Certified Accountants Unit A, Abbotts Vvharf 93 Stainsby Road London E14 6JL Bank Barclays Bank PIC
ISLAMIC COMMUNITY CENTRE Reports and Financial Statements For the year ended 31 March 2024 Contents: Page no Details Trustees. Report Independent Examiner Report Statement of Financial Activities Statement of Financial Position Notes to the accounts 8-10
ISLAMIC COMMUNITY CENTRE Trustees, Report Year ended 31 March 2024 The Trustees present their report and the financial statements for the year ended 31 March 2024. Governing Instrument: The charity's objects and regulations are regulated by the constitution adopted in 1992 and the charity is an unincorporated association. The object of the charity is to advance education and assist in the provision of facilities for the recreation and other leisure time occupation of the inhabitants of the beneficial area and in particular Muslilns in thc interests of social welfare and with the object of improving their conditions of life. The chartty is organised with a committee elected by the members to oversee the overall activities and onc of the committee members is nominated as the chairperson to monitor the day to day running of the charity. Trustees 2nd/or principal officers: The following ofyicers of the charity have held oifIce for the whole of the year. Mr. Nur Chowdhury MrAshikAIi Chairman Secretary Th¢ trust¢¢s are eligible, in committee, to appoint additional trustees under the tern]s of the constitution. Activities and Achievements-Public benefits l. Prayer facilities With the help of Allah (SWT). our masjid has been a welcoming place for musallis in North London. As the only purpose built mosque in South Tottenham, we have become a role model mosque assisting other mosques to set up in the wider North London area. W¢ continue to play a crucial rol¢ in the emergence of Southgate Mosque and Barn¢t Mosque, for example. Over the past year, our capacity has grown significantly as we are now helping our growing Muslim communities in North London, alhamdulillah. We estimate that over a l 000 people attend five daily congregational praycrs and jupna prayer at our mosque. The community around South Tottenham tcnd to be transient as many people live in the area for a f¢w years before moving to other areas. We have become an important hub for people who move into the area. 2. Ramadan and Iftar Service In Ramadan 2023, We had huffaz alongside our two Imams leading the prayer every night in Ramadan. Thc mosque was its lÉveliest in Ramadan every night. In the last l O nights, over 20 people perfornied ilikaf in our mosque. We also offered Tahallud prayers during the last portion of the night. As part of
our commitment to the community, thc mo4u¢ provided a hot meal every day for ifiar. We provided approximately 3,000 iftar meals during the month of Ramadan. Many non-muslims who had collected our iftar during the pandemi¢ also returned. 3. Fundraising The masjid's main source of income is our Friday collection and standTng orders. During Ramadan, we had ¢olle¢tion for our masjid once or twice a week. We allocated the rest of the days to different humanitarian charities working to help the poor and the needy around the world. Our generous musallis donated £52,330 during Ramadan to 20 different charitable organisations. We have improved our credit and debit card payment facilities installing a new fixed ternlinal for card payments in thc Tnasjid foyer. Over the past year, card donations have overtaken cash donations. Advicelcounselling and Visits Providing advice, counselling to musallis on a range of matters is a core part of the service offered by our respected imams and committee members. There are many bereaved families who lost their loved oncs during the pandemic. Wc have Tnade an extra effort to provide support and comfort to those families. Many new musallis move to South Tottenham from abroad or other parts of the county. We havc givcn th¢m practical help on accommodation, accessing council's services and so on. OUT imams and committee members have also visited the sick at home or hospital. 5. Marriage Service IslaTnic Community Centre is already registered to solemnise Islamic marriagcs. Th¢ imams have carried out this service on numerous occasions throughout the year for members of our community. Tarbiyyah We have delivered regular Qur'an, Hadiih and Fiqh classes in our mosque throughout the year led by Imam Khidir Hussain and Imam Sayem Rahman. We have also invited guest speakers to deliver talks at various events throughout the year. 7. Evening and Iveekend Madrasah The masjid has been providing an Islamic school from the very early days. At present, Duha Institute is providing evening and weekend madrasah. There are fiv¢ different classes during the weekend and four different classes during weekdays. The madrdssa has 130 students.
Reserves Policy: The board has determined that the appropriate level of free reserves to be maintained which are not invested, will be equivalent to 6 to m 9 months, operation costs, which is £50K to £75K. The charity has total free resenie fund of £195K {excluding fixed assets) which is enough for 12 rnonths operational cost of the charity. Review of Transactions and Financial Position: With the commitments, indicated above, the financial position of the charity is very secure with net fund of £1,379,923 as at 31 March 2024 (£1,361,955,31 March 2023). Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable laws and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare linancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resource5 and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policie5 and then apply them consistently; observe the methods and principles in the Charities SORP 2015 IFRS 102); make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Independent Examiner Abacus Partners (Ldn) LLP were reappointed as the independent examiner for the following year. The report has been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities 2011 (amended 2015),SORP. Signed on behalf of the board of trustees. Ashik Ali Secretary 24 November 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLAMIC COMMUNITY CENTRE Year ended 31 March 2024 We have examined the accounts and statements on pages 6 to 10, which have been prepared on the basis of accounting policies set out on page 8. Respective responsibilities of Directors and Examiner: The trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts The 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 needed. The charity's gross income did not exceed £500,000 and I am qualified to undertake the examination by being a qualified member of the CIMA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the general Direch-ons given by the Charity Commission under section 145(5){b) of the 2011 Act; and - to state whether particular matters have come to my attention Basis of independent examiner's report My 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 trustees 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 examinerfs 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 my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. MrAskir Khan ACMA Abacus Partners (LDN} LLP Chartered Certified Accountants 93 Stainsby Road, London E14 6 JL 24 November 2024
ISLAMIC COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Total Unrestricted Restricted Total Incoming Resources Notes Voluntary Income 102.187 102.187 92,436 Activities For Generating Funds 9,600 15.899 25,499 35,929 Sundry Income 2,419 2,419 1,140 Total Income 114.206 15,899 130.105 129,505 Resources Expended Voluntary Cost 462 462 373 Charitable Activities Cost 87,403 18,083 105,486 92,020 Governance and Support Cost 6.190 6,190 5,609 94,055 18.083 112,137 98,002 Net incomeldeficit for the year 20.152 -2,184 17,968 31,503 Funds at 1 April 2023 1,361,955 -2,184 1,379,923 1,361,955 1,330,452 Fund movement 2.184 Funds at 31 March 2023 1,379,923 1,361,955 The notes on pages 8 to 10 form part of these accounts.
ISLAMIC COMMUNITY CENTRE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Notes Fixed Assets: Freehold Property Furniture & Equipment's 1.127,947 15,366 1,143,313 1,127,947 20,488 1,148,435 Current Assets: Other debtors Cash in hand and at bank io 50,000 197.954 247.954 50,000 185,644 235,644 Creditors: Amount falling due within one year 11 3,344 14,124 Net Current Assets 244,610 221,520 Amount falling due after more than one year 12 8,000 8,000 Net Assets 1,379,923 1.361,954 Funds: Unrestricted fund bld. 1,379,923 1,361,955 Total Funds 1,379,923 1,361,955 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. There financial statements were approved by the board of trustees and authorised for issue on 24 November 2024, and are signed on behalf of the board by.. A Chowdhury Chairperson The notes on pages 8 to 10 form part of these accounts.
ISLAMIC COMMUNITY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies.. 1.1 Basis of preparation of accounts". The financial statements have been prepared in accordan with Accounting and Reporting by Charities: Statement of Recommended practi applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20151- (Charities SORP 2015 (FRS 102). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy note{s). 1.2 Income Recognition.. All incoming resources are included in the Statement of Financial Activities (SoFA} when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Donation and other income recognised when received. Grants for immediate expenditure are accounted for when they become receivable. Grants l Donation restricted to future accounting period are deferred and recognised in those periods. Grants l Donation for specific project are treated as restricted to the projects Cld. for future operation. 1.3 Allocation of cost: Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned beeen the categories according to the income they relate to as well as using best possible professional judgements. 1.4 Support cost: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated beeen ost of raising funds and expenditure on charitable activities. 1.5 Tangible fixed assets and depreciation". Fixed assets for the charity used are capitalised at cost. They are stated in the accounts at cost less depreciation. Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following bases.. Land and buildings Furniture, Fixture and Equipment's 1.6 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 purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. None 20 % on cost 1.7 Going concem Al the lime of appromng the accounts. the trustees have a reasonable expeclation that the charity had adequate resources to continue in operatsonal exIStan lor the torseeable luture. Thus the trustees Ix)nbnue lo adopt the going concern basis of accounting in preparing acunts.
ISLAMIC COMMUNITY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Incoming Resources The incoming resources and surplus are attributable to the principal activits'es of the charity- INCOME SUMMARY Voluntary Income". Unrestricted Restricted 2024 2023 Friday Collection Donation and other fundraising 62,400 39,787 102,187 62,400 39,787 102,187 66,515 25,921 92,436 Activities For Generating Funds: Unrestricted Restricted 2024 2023 Duha Institute & others Gaza and Iftar Launchgood competition 9.600 9,600 15,899 9,600 22,897 3,432 35,929 15,899 9,600 15,899 25,499 Sundry Income Unrestricted Restricted 2024 2023 other income 2.419 2,419 2,419 2,419 1,140 1,140 Total Income EXPENSES SUMMARY Voluntary Cost: 114,206 15,899 130,105 129,505 Unrestricted Restricted 2024 2023 Subscriptions 462 462 462 462 373 373 Charitable Activities Cost: Unrestricted Restricted 2024 2023 Wages including E'r NIC Water rates Iftai & other projects Gaza donations Repair and Maintenance Light & Heat Cleaning expenses Insurance AGM and event expenses Printing, Postage and Stationery Telephonellnternet 39,827 1,882 39,827 1,882 10,528 7,555 8,657 19,025 13,496 2,077 1,200 1,008 231 105,486 36,600 1,844 9,050 13,847 2,451 13,707 11,183 1,827 10,528 7,555 8,657 19,025 13,496 2,077 1,200 1,008 231 87.403 1,275 236 92,020 18,083 Governancelsupport Cost: Unrestricted Restricted 2024 2023 Printing, Postage and Stationery Telephonellntemet AGM and events expenses Credit card service chaeges Depreciation on FF & Equipmenys 252 230 300 286 5,122 6,190 94,055 252 230 300 286 5,122 6,190 112,138 236 251 5,122 5,609 98,002 Total Expenses 18,083
ISLAMIC COMMUNITY CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Tangible Fixed Assets: Freehold LIBuilding 1,127,947 Furniture & Fittings 51,610 Total Cost at 01.04.2023 Additions 1,179,557 1,127,947 51,610 1,179,557 Depreciation bld. Charge for the year 31,122 5,122 36,244 31,122 5,122 36,244 Balance at 31.03.2024 1,127,947 15,366 1,143,313 Balance at 31.03.2023 1,127,947 20,488 2024 1,148,435 2023 10 Debtors & Prepayments other loan- Southgate Mosque 50,000 50,000 11 Creditors & Accruals: 2024 2023 Other Creditors and Accruals HMRC: Paye 1,200 2,144 3,344 13,275 849 14,124 12 Q-e-Hasana (private personal loan) Payable after more than one year 8,000 8,000 13 Trustees Remuneration: The trustees neither reiVed nor waived any remuneration during the year 2024 (2023: £Nil) 14 Taxation: The entity is a registered charity and does not undertake non-charitable activities and are entitled for tax exemption by the Inland Revenue. 15 Post Balance Sheet Events: There were no significant post balan sheet events. 16 Transaction With Trustees: There were no transactions with the trustees during the year, neither last year. 17 Contingent Liabilities". The charity had no contingent liabilities as at 31 March 2024 nor at 31 March 2023. 18 Related Parties Transaction: There were no discloseable related paty transactions during the year. 19 Gifts In Kind And Volunteers: During the year the charity benefited from unpaid work performed by 10-15 dedicated volunteers. 10