EAST END ISLAMIC CENTRE
REPORT OF THE TRUSTEES
UNAUDITED FINANCIAL STATEMENT
FOR THE YEAR ENDED 5th APRIL 2021
REGISTERED CHARITY NUMBER 1050176
EAST END ISLAMIC CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5th APRIL 2021
The trustees present their report with the financial statements of the Charity for the year ended 5th April 2021. The trustees have adopted the provision's of the Statement of Recommended Practices (SORP) Accounting and Reporting by charities issued in March 2005.
Principla Address; 98 Plashet Road, London E13 0RQ
Risk Management
The trustees have a duty to indentify and review the risks to which the charity exposed and to ensure appropriate control are in place to provide reasonable assurance against fruad and error.
OBJECTIVES AND ACTIVITIES OBJECTIVES AND AIMS
The objectives and aims of the centre are the enhancement of Islamic Ideology in accordance with Quran and Ahadith in the locality with in the boundaries.
Review of the Activities
The centre's income arises from fees and donations. The Executive committee is responsible for the day to day management of the financial and operational matters.
The principle activities of the centre is to advance the Islamic Religion, to provide recreational activities to young and elderly.
The management committee meets on regular basis to discuss and review the affair of the centre. The Board also has an Annual General Meeting to discuss the affair of the centre.
ON BEHALF OF THE BOARD
AKTAR KHAN
TRUSTEE
Date; 17/02/2022
ACCCOUNTANT'S REPORT TO THE TRUSTEES OF EAST END ISLAMIC CENTRE
We report on the accounts for the year ended 5th April 2021.
RESPECTIVE responsiblities of trustee and accountant. The charity trustee are responsible for the presentation of the accounts. The charity trustee considered that the audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and independent examination is required.
It is our responsibility to examine the accounts under Section 145 of the 2011 Act, to follow the procedures laid down in General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act.
Basis of the Accountant's report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination inclues a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts and seeking explanation from you as trustee. 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 statements below.
In connection with our examination, no matter has come to our attention;
Which gives us a reasonable cause to believe that, in any material respect, the requirement to keep the accounting records with Section 130 of the 2011 Act and prepare accounts which accord with accounting records and comply with the accounting requirements of the 2011 Act.
Date; 17/02/2022
EAST END ISLAMIC CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5th APRIL 2021
| INCOME RESOURCES Voluntary Income Activities for generating funds Government Grant Investment Income 96/102 Plashet Road Total Incoming resources RESOURCES EXPENDED Cost of generating funds Cost of generating voluntary income Total incoming resources RECOCILIATION OF FUNDS Total funds B/fwd Total funds C/fwd |
2021 £ 121,192 89,626 41,246 30,000 282,064 96,888 185,176 1,614,089 1,799,265 |
2020 £ 147,165 48,859 36,000 |
|---|---|---|
| 232,024 126081 |
||
| 105,943 1,508,146 |
||
| 1,614,089 |
The notes form part of financial statements.
EAST END ISLAMIC CENTRE BALANCE SHEET AS AT 5th APRIL 2021
| NOTE 4 INCOME RESOURCES FIXED ASSETS Tangible Assets Less Loans CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS AMOUNT FALLING DUE WITHIN ONE YEAR CREDITORS AMOUNT FALLING DUE MORE THAN ONE YEAR Net Assets Total Funds B/fwd Total Funds Genarated Funds Trustees Manzoor Choudhry |
2021 2020 £ £ 1,150,233 1,151,309 - - |
|---|---|
| 1,150,233 1,151,309 664,883 663,631 |
|
| 1,815,116 1,814,940 121,794 306,794 |
|
| 1,693,322 1,508,146 |
|
| 1,508,146 1,402,203 185,176 105,943 1,693,322 1,508,146 |
|
The financial statement were approved by the Board of Trustees on 17/02/2022
The notes forms I part of these financial statements
EAST END ISLAMIC CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5th APRIL 2021
1 ACCOUNTING POLICIES
The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard of Smaller Entities (effective April 2008) the Charity Act 2011 and the requirement of the Standard of Recommended Practice Accounting and Reporting Charities.
INCOMING SOURCES
All incoming sources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all cost related to the category.
FIXED ASSETS
Depreciation is provided on annual rate in order to write off asset over its estimated useful life 25% straight line methods.
TAXATION
The charity is exempt from tax on its charitable activities.
2 TRUSTEES REMUNIRATION AND BENEFIT
There were no trustee's remuneration or other benefits for the year ended 5th April 2021.
| 3 STAFF COST Wages & salaries |
2021 44,324 |
2020 70,340 |
|---|---|---|
EAST END ISLAMIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5th APRIL 2021
| 4 FIXED ASSETS Cost 6th April 2020 Additions At 5/4/2021 Depreciation at 6/4/2020 Charge for the year At 5.4.2021 Acc Depreciation NET Book Value |
Freehold £ 1,147,005.00 1,147,005.00 1,147,005.00 |
Equipement £ 18,791 14,487 1,076 15,563 3,228 |
2021 £ 18,791 14,487 1,076 15,563 3,228.00 |
2020 £ 18,791 18,791.00 |
|---|---|---|---|---|
| 13,052 1,435 |
||||
| 14,487 | ||||
| 4,304.00 |
EASTEND ISLAMIC CENTRE REGISTERED CHARITY NUMBER 1050176 98 PLASHET ROAD LONDON E13 0RQ DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5th APRIL 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOMING SOURCES | ||||
| VOLUNTRY INCOME | ||||
| Govt Grant | 41246 | |||
| Donations | 121192 | 147165 | ||
| Tuition Fee | 87212 | 44146 | ||
| Book sale | 2414 | 4713 | ||
| Rental Income 96 Plashet Road | 12000 | 12000 | ||
| Rental Income 102 Plashet Road | 18000 | 24000 | ||
| TOTAL INCOMING RESOURCES | 282,064 | 232,024 | ||
| RESOURCES EXPENDED | ||||
| Accountancy Fee | 500 | 0 | ||
| Salaries | 44324 | 70340 | ||
| N I C & P A Y E | 3952 | |||
| Light & Heat | 5050 | 4660 | ||
| Telephone | 1728 | 3368 | ||
| Water Rate | 1603 | 2184 | ||
| Books | 4121 | 5279 | ||
| Building Insurance | 2662 | 2289 | ||
| Laundry & Cleaning Materials | 1279 | 1978 | ||
| Prizes & Gifts | 653 | 1749 | ||
| Repairs & Maintenance | 27427 | 22100 | ||
| Council Tax 96 Plashet Rd | 3143 | 2329 | ||
| P & P Stationery | 998 | 742 | ||
| Repairs & Renewals 96 Plashet Rd | ||||
| Legal fee | ||||
| Bank Charges | 1500 | 2881 | ||
| Ground Rent | ||||
| Child Protection Fee | 344 | 315 | ||
| Depreciation Equipment | 1076 | 1435 | ||
| Ohter Professional fees | 480 | 480 | ||
| TV | 0 | |||
| 96,888 | 126,081 | |||
| NET INCOME | 185,176 | 105,943 |