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← North Brixton Islamic Cultural Centre

2024-06-30-accounts

Charity number: 1038168

(England and Wales)

NORTH BRIXTON ISLAMIC CULTURAL CENTRE

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 June 2024

Draft

NORTH BRIXTON ISLAMIC CULTURAL CENTRE Contents Page For the year ended 30 June 2024

1

Report of the Trustees

Independent Examiner's Report to the Trustees 2 Statement of Financial Activities 3

Statement of Financial Position 4 Notes to the Financial Statements 5 Draft Detailed Statement of Financial Activities 6 to 7

NORTH BRIXTON ISLAMIC CULTURAL CENTRE Report of the Trustees

For the year ended 30 June 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and th financial statements for the charitable company for the year ended 30 June 2024. The Trustees have adopted the provision of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102 (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity NORTH BRIXTON ISLAMIC CULTURAL CENTRE Charity registration number 1038168 Principal address 180-182A BRIXTON ROAD LONDON SW9 6AT

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Baba Boie-Kamara

Independent examiners

Abdul Tejan Turay and co ltd 21 Morrison House Tulse hill Draft London SW2 3PP

Bankers

Barclays Bank

Approved by the Board of Trustees and signed on its behalf by

.............................................................................

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NORTH BRIXTON ISLAMIC CULTURAL CENTRE Independent Examiners Report to the Trustees

For the year ended 30 June 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of th 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 an are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out unde section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given b the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners 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 that in any material respect:

  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 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).

Draft

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.

Turay and co ltd 21 Morrison House Tulse hill London SW2 3PP

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NORTH BRIXTON ISLAMIC CULTURAL CENTRE

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2024

Draft
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2024
£
129,951
-
1,241
131,192
(45,511)
(119)
(45,630)
85,562
421,785
507,347		 202
96,336
9,621
423
106,380
(83,260
(1,820
(85,080
21,300
374,452
395,752

3 of 7

NORTH BRIXTON ISLAMIC CULTURAL CENTRE Statement of Financial Position

As at 30 June 2024

Notes 2024 202
£
Fixed assets
Tangible assets 329,102 300,808
329,102 300,808
Current assets
Cash at bank and in hand 178,245 94,944
178,245 94,944
Net current assets 178,245 94,944
Total assets less current liabilities 507,347 395,752
Net assets 507,347 395,752
The funds of the charity
Restricted income funds 421,785 374,452
Unrestricted income funds 85,562 21,300
Total funds 507,347 395,752
Draft
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Ac
2006 relating to small companies.
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordanc
with section 476,

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

0

4 of 7

NORTH BRIXTON ISLAMIC CULTURAL CENTRE

Notes to the Financial Statements

For the year ended 30 June 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006.

NORTH BRIXTON ISLAMIC CULTURAL CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

Draft

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NORTH BRIXTON ISLAMIC CULTURAL CENTRE Detailed Statement of Financial Activities

For the year ended 30 June 2024

Draft
INCOME AND ENDOWMENT
Donations and legacies
Donations
Charitable activities
Income from charitable activities (Activity 10)
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Subscriptions
Sponsorships
Other trading activities
Shop costs
SUPPORT COSTS
IT
IT
Support cost 5
Type 5 (Activity 1)
Support cost 6
Support cost 6
Support cost 7
Support cost 7
Support cost 8
Support cost 8
Governance costs
Governance costs
Governance costs (Activity 4)		 £
2024
129,951
129,951
-
-
1,241
1,241
131,192
-
(978)
(13,081)
(14,059)
(8,264)
(8,264)
-
-
(119)
(119)
(1,646)
(1,646)
(11,075)
(11,075)
(5,000)
(5,000)
(5,467)
-
(5,467)		 £
2023
96,336
96,336
9,621
9,621
423
423
106,380
(1,168)
(978)
(65,893)
(68,039)
-
-
(2,011)
(2,011)
-
-
-
-
(10,616)
(10,616)
-
-
(2,594)
(1,820)
(4,414)

6 of 7

This page does not form part of the statutory financial statements

NORTH BRIXTON ISLAMIC CULTURAL CENTRE Detailed Statement of Financial Activities Continued

For the year ended 30 June 2024

Total resources expended Net Income

(45,630) (85,080)
85,562 21,300

Draft

7 of 7 This page does not form part of the statutory financial statements