2023-04-05-accounts

EAST END ISLAMIC CENTRE

REPORT OF THE TRUSTEES

UNAUDITED FINANCIAL STATEMENT

FOR THE YEAR ENDED 5th APRIL 2023

REGISTERED CHARITY NUMBER 1050176

EAST END ISLAMIC CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5th APRIL 2023

The trustees present their report with the financial statements of the Charity for the year ended 5th April 2023. 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 Manzoor Choudhry

TRUSTEE

Date;24/01/2024

ACCCOUNTANT'S REPORT TO THE TRUSTEES OF EAST END ISLAMIC CENTRE

We report on the accounts for the year ended 5th April 2023.

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;24/01/2024

EAST END ISLAMIC CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5th APRIL 2023

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	2023 £ 105,180 95,807 0 44,400 245,388 94,545 150,843 2,039,622 2,190,465	2022 £ 169,101 108,978 11,232 36,200
		325,511 85,155
		240,357 1,799,265
		2,039,622

The notes form part of financial statements.

EAST END ISLAMIC CENTRE BALANCE SHEET AS AT 5th APRIL 2023

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 Aktar Khan	2023 2022 £ £ 1,148,821 1,149,426 - -
	1,148,821 1,149,426 173,659 136,257 762,041 647,996
	2,084,521 1,933,679 0 0
	2,084,521 1,933,679
	1,933,679 1,693,322 150,842 240,357 2,084,521 1,933,679

The financial statement were approved by the Board of Trustees on 24/01/2024

The notes forms I part of these financial statements

EAST END ISLAMIC CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5th APRIL 2023

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 2023.

3 STAFF COST	2023	2022
Wages & salaries	51,228	41,615

EAST END ISLAMIC CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5th APRIL 2023

4 FIXED ASSETS Cost 6th April 2022 Additions At 5/4/2023 Depreciation at 6/4/2022 Charge for the year At 5.4.2023 Acc Depreciation NET Book Value	Freehold £ 1,147,005.00 1,147,005.00 1,147,005.00	Equipement £ 18,791 16,370 605 16,975 1,816	2023 £ 18,791 16,370 605 16,975 1,816.00	2022 £ 18,791 18,791.00
				15,563 807
				16,370
				2,421.00

EASTEND ISLAMIC CENTRE REGISTERED CHARITY NUMBER 1050176 98 PLASHET ROAD LONDON E13 0RQ DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5th APRIL 2023

£ INCOMING SOURCES VOLUNTRY INCOME Govt Grant Donations Tuition Fee Book sale Rental Income 96 Plashet Road Rental Income 102 Plashet Road TOTAL INCOMING RESOURCES RESOURCES EXPENDED Accountancy Fee Salaries N I C & P A Y E Light & Heat Telephone Water Rate Books Building Insurance Laundry & Cleaning Materials Prizes & Gifts Repairs & Maintenance Council Tax 96 Plashet Rd P & P Stationery Repairs & Renewals 96 Plashet Rd Legal fee Bank Charges Ground Rent Child Protection Fee Depreciation Equipment Ohter Professional fees TV NET INCOME	2023 2022 £ £ £ 11232 105180 169101 91519 104832 4288 4146 20400 12200 24000 24000 245387 325,512 500 500 51228 41615 4990 5494 2305 1762 2843 1638 5987 5234 1759 2593 1439 1597 1218 723 11579 15000 2688 2688 1978 1019 2406 3345 2000 700 605 807 1020 440 0 94,545 85,155	2022 £ 11232 169101 104832 4146 12200 24000
	150,842 0 0 240,357