EAST END ISLAMIC CENTRE Charity Registration Number: 1050176
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5th APRIL 2025
REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111
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EAST END ISLAMIC CENTRE FOR THE YEAR ENDED 5th APRIL 2025
|CONTENTS||Pages|
|---|---|---|
|Information of financial Statements|:|3|
|Report ofthe Executive Committee|:|4-5.|
|Statement of responsibilities ofthe|Committee:|6|
|Independent Examiner's Report|:|7|
|Income and Expenditure Accounts|:|8|
|Statement ofAssets and Liabilities|:|10|
|NotestotheAccounts||14-13.|
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EAST END ISLAMIC CENTRE FOR THE YEAR ENDED 5th APRIL 2025
MANAGEMENT COMMITTEE
## EXECUTIVE COMMITTEE
CHAIR PERSON GENERAL SECRETARY TREASURER ADDRESS
BANKER
INDEPENDENT EXAMINER
Akthar Khan
Mohammad Jamil
MD M Samad Chowdhury
98 Plashet Raod London E13 0RQ
## Barclays Bank
REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA
## Charity's Trustees:
Akthar Khan Mohammad Jamil MD M Samad Chowdhury Muhammad Azad Ali Shaheen Khan Hakim M Uddin MD M Samad Chowdhury Abbas Ali Jalal Uddin Abdul Qoddus Shah
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EAST END ISLAMIC CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED Sth APRIL 2025
The trustees present their report and financial statements for the year ended Sth April 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity.
## Legal Status:
## Charity: Registered with the Charity Commission, Charity Number: 1050176
## Objects, Principal Activities and Organisation of the Charity
The Charity's objects are for the benefit of the inhabitants of London Borough of Tower Hamlets, and in particular members of the Muslim Minority Ethnic Communities but exclusively who are in hardship by:
a) Relieving poverty, sickness and distress by through the provision of advice and information to the said inhabitants in need of such advice that may include welfare benefits, health and education.
b) Advancing education in particular the provision of language and other subject classes.
c) Providing or assisting in the provision of facilities for the recreation and the leisure time, occupation in the interest of social welfare and the object of improving their conditions of life.
d) To advance the religion of islam in accordance with the doctrines and tenets of the Sunni Sect of Islam.
e) To advance the education of Muslims and Muslim children in conformity with the doctrines and beliefs of the Sunni Sect of Islam.
## Report of the Trustees
The Management Committee (who are also the Trustees) submits their report and financial statements for the year ended Sth April 2025.
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EAST END ISLAMIC CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 5th APRIL 2025
## Organisation:
A Management Committee, the members of which are the trustees manages the affairs of the charity The Management Committee manages the business of the charity including the paying of all expenses
## Trustees:
Trustees, who are all members of the executive committee, and who served during the year are set out on page 3. The trustees are elected at the Annual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee.
## Trustees responsibilities in relation to the financial statements
The committee or Trustees are required by charity's law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the Trustees are required to:
The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and accounting estimates that are reasonable and prudent;
- 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
## VOLUNTEERS:
The Trustees wish to record their appreciation on behalf of the Charity and community for the volunteers who . assist in the smooth running of the Charity and are critical in helping to keeps the running costs down
## RISK REVIEW:
The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement.
All staff and volunteers are trained and have all the required statutory and regulatory clearances required.
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EAST END ISLAMIC CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 5th APRIL 2025
## SERIOUS INCIDENTS AND EXCEPTIONS:
The Trustees are pleased to note, that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise to the need for the Trustees to record on the Charity's Exceptions’ Register.
## RELATED PARTY TRANSACTIONS:
During the year the Charity was under the control of Trustees and Management Committee members as listed above. This report, which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small companies.
No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
## Reserve Policy
It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to its expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. They will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Centre will actively work to achieve this level of reserves.
## INDEPENDENT EXAMINER
According to the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required for this financial year. However due to provisions of the same act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Independent Examiner.
## Transaction and financial position
The Statement of Financial Activities shows net surplus for the year of £256,425 and our accumulated funds stand at £1,747,995 in total.
AM Accountancy Services carried out an independent examination of the accounts included in the report.
This report, which has been prepared in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005.
## Approved by the trustees and signed on its behalf by
This report was approved by the Executive Committee on and signed on their behalf.
Akthar Khan Mohammad Jamil (Chairman) (General Secretary) Date: Date:
MD M Samad Chowdhury (Treasurer) Date:
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Accountants’ Report
## To the Trustees of EAST END ISLAMIC CENTRE FOR THE YEAR ENDED Sth APRIL 2025
We report on the accounts for the year ended 5th April 2025 set out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements.
## Respective Responsibilities of Trustees and Accountants
As described on page 5 the trustees are responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
## Basis of Opinion
We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.
## Opinion
In our opinion:
- (a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice — Accounting and Reporting by Charities;
- (b) Having regard only to, and on the basis of, the information contained in those accounts:
- (1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice - Accounting and Reporting by Charities, and
- (2) The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act.
- (3) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee.
AM tecounTavC7] Sal utc 66 AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA
AM Accountancy Services 43 Ben Jonson Road London El 4SA Tel: 020 7790 6111
## Date: o¢/or/2e
Page 7 of 13
Statement of Financial Activities
## EAST END ISLAMIC CENTRE
FOR THE YEAR ENDED 5th APRIL 2025
||||2025|2024|
|---|---|---|---|---|
|Notes|Unrestricted|Restricted|Total|Total|
||£|£|£|£|
|Incoming Resources|||||
|Donations|285,542||285,542},|110,941|
|Tuition Fees / Madrasa Income|203,613||203,613|108,688|
|Membership Fees|6,020||6,020|-|
|Rental Income|46,200||46,200|46,200|
|Total Incoming Resources|541,375|-|541,375}||265,829|
|Resources Expended|||||
|Direct Charitable Expenditure|||||
|Printing, Postage, & Advertisement|200||200|2,181|
|Telephone, fax and photocopies|922||922|2,095|
|Rates and Service charges|4,355||4,355||
|Light, Heatand Water|12,594||12,594|7,359|
|Cleaning
Salary
Charity|3,598
32,824
3,614||3,598
32,824
3,614|2,015
61,352|
|Books for Maktab|7,105||7,105|5,219|
|Freelance Staff|192,620||192,620||
|Events & Activities|5,305||5,305|1,732|
|Direct charitable expenditure|263,136|-|263,136|81,953|
|Management & Administration|||||
|Accountancy
~|1,200||1,200|500|
|Advertising and promotion|165||165||
|Bank charges|2,239||2,239|1,648|
|IT Support|730||730||
|Insurance|2,067||2,067|3,529|
|Depreciation|4,700||4,700|454|
|Other Legal
Repairs|41,913
8,800||1,913
8,800|7,371
15,987|
|Management & Administration|21,814|-|21,814|29,489|
|Total Resources Expended|284,950|-|284,950]|111,442|
|Net Incoming Resources /|256,425|-|256,425)|154,387|
|(resources expended)|||||
|Net Movement funds for the|256,425|-|256,425],|154,387|
|period:|||||
|Total Funds Brought forward|1,491,570|-|1,491,570||
|Balance at 5th April 2025
1,747,995
-
1,747,995]|
154,387
ee
a
|Aet|||||
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EAST END ISLAMIC CENTRE
## Summary income and Expenditure Account FOR THE YEAR ENDED 5th APRIL 2025
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|2025|
|Notes|£|
|Income|541,375|
|Total|expenditure|284,950|
|Net|Surplus|(Deficit)|for the|financial|year|256,425|
**----- End of picture text -----**
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## EAST END ISLAMIC CENTRE
Balance Sheet as at 5th April 2025
||5th April 2025|||
|---|---|---|---|
|||2025||
||NOTE|£|£|
|Fixed Assets||||
|Fixture, Fittings and Equipments|2||1,161,106|
|Current Assets||||
|Cash at Bank & in Hand||688,431||
|||688,431||
|Current Liabilities||||
|Amount falling due to one year||||
||4|2,648||
|||2,648||
|NETCURRENTASSETS/ (LIABILITIES)|||685,783|
|Long-Term Liabilities||||
|Amount falling due after one year|5||98 894|
|TOTALASSETS LESS CURRENT LIABILITIES|||1,747,995|
|FUNDS:|6||1,491,570|
|Excess/(Deficit) ofincome over expenditure|||256,425|
|TotalFunds|||1,747,995|
The financial statements were approved by the Executive Committee on ......0..0............ and signed on their behalf by:
Akthar Khan Mohammad Jamil (Chairperson) (General Secretary)
Date:
Date:
MD M Samad Chowdhury (Treasurer)
Date:
The Notes on pages 10 to 12 form part of the financial statements.
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## 1. ACCOUNTING POLICIES
## a. Basis of Accounting
Basis of accounting The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value.
The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (SORP 2015).
## b. Grants
Revenue grants are credited to the Income and Expenditure account on a receivable basis.
- c. Donations
Donation are recorded on a receipt basis.
## d. Incoming Resources
Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
## e. Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
## f. Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the opinion of the trustees, there are no issues arising which would suggest any other basis as being more appropriate.
## g. Administration Costs
Administration expenditure includes all expenditure not directly related to the charitable activity.
## h. Taxation
As a charity, they are exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or $256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
i. Depreciation: Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixture, Fitting and Equipment:
25 % on Reducing Balance method
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EAST END ISLAMIC CENTRE FOR THE YEAR ENDED 5th APRIL 2025 NOTES TO THE ACCOUNTS
## 2. FIXED ASSETS ST cOsT
At 5th April 2024 Fixtures and fittings Addition At 5th April 2025 DEPRECIATION At 5th April 2024 Charge for the year At 5th April 2025 NET BOOK VALUE At 5th April 2024 At 5th April 2025
|.
.
Fixtures, fittings&
Improvements|sat
Building and
Construction|sat
Building and
Construction||
|---|---|---|---|
|£|£||£|
|||.|-|
|1,362|1,147,005||1,148,367|
|17,439||-|17,439|
|18,801|1,147,005||1,165,806|
|-||-|-|
|4,700||-|4,700|
|4,700||-|4,700|
|1,362||-|1,362|
|14,101|1,147,005||1,161,106|
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## EAST END ISLAMIC CENTRE FOR THE YEAR ENDED 5th APRIL 2025 NOTES TO THE ACCOUNTS
## 3. Net Surplus of the Financial Year
The excess of expenditure over income is stated after charging:
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|2025|
|£|
|Accountants’|remuneration|4,200|
|Depreciation|4,700|
|4.|Creditors|and|Acruals|
|PAYE|1,448|
|Accountancy|1,200|
|2,648|
|5|Long|Term|Liabilities|£|
|Karde|Hasana|Loan|98,894|
|6.|Funds/Capital|
|Balance B/Forward|(April 2024 Accounts)|2,238,908|
|Priod|Year|Adjustment|747|338|
|Balance|at|5th|April|2024|Restated|1,491,570|
|1,491,570|
|Excess/|(Deficit)|of|Income|over|Expenditure|256,425|
|Balance|at|5th|April|2025|"4,747,995.|
**----- End of picture text -----**
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