TORBAY ISLAMIC CENTRE
Financial Statements For the year ended 31 January 2025
Charity No. 1056312
130 AVENUE ROAD TORQUAY DEVON
INDEX
| Page | |
|---|---|
| Report ofthe Trustees | 3-6 |
| Independent Examiner’s Report | q |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| NotestotheAccounts | 10-13 |
TORBAY ISLAMIC CENTRE REPORT OF THE TRUSTEES For the year ended 31*t January 2025
The Trustees present their annual report and financial statement for the year ending 31% January 2025 and confirm they comply with the charities Act 1993 as amended by the Charities Act 2011 and the Charities SORP (FRSSE) published on 16™ July 2014.
STUCTURE, GOVERNANCE AND MANAGEMENT Governing Document.
Torbay Islamic Centre was founded in 1984, its amended constitution was adopted on the 3 June 1996 and was registered with the Charity Commissions on the 215 June 1996 (registration number 1056312). The address of the charity is 128/130 Avenue Road, Torquay, Devon TQ2 5LQ.
Organisational structure
The Trustees (Members of the Executive Committee) are responsible for the general control and management of the Charity. The Trustees give their name freely and receive no remuneration or other financial benefits. The Trustees that have served during the year and up to the date of this report are set below.
Mr Yousif a Al-Nassar Dr (brahim Masoud (Appointed 24" April 2015)
Mr Mahmoud Al-Ghareeb
Bashir Rana (Appointed 24" April 2015)
Mr Abdullah Ahmed Zollay Mr Peter Frederick Muhammad Davis-Ali
Mr Eissa Al-Subhi Al-Harbi Mr Mohammed Bamukra
Mr Saeed Omar Balbaid
Risk Management
The Trustees have assessed the risks the charity faces. The Trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the mosque are kept under review.
OUR AIMS
The objects of the charity are set out in the charities Trust Deed and are summarised as follows; the advancement of the religion of Islam in accordance with the tenets and doctrines of the holy Quran and Sunnah. The advancement of the education of Muslim children in accordance with tenets and doctrines of Islam and for the relief of such Muslims who are poor and needy.
OUR OBJECTIVES
Our Objectives are set to reflect our faith and community aims. Each year our Trustees review our objectives and activities to ensure that they continue to reflect our aims. in carrying out this review the Trustees have considered the Charity Commissions general guidance on public benefit, and particularly the supplementary public guidance on the advancement of religion for the public benefit. Our aims remain to provide a facility where Muslims can worship.
Our long-term ambition is to build the self-confidence of Torbay’s Muslims in their faith and through our activities help make our area a peaceful, vibrant and harmonious community.
STRATEGIES
We want to make our Mosque accessible and a welcoming venue where all Muslims, or those who wish to know more about our faith, can gather together to learn about their religion and worship. We are also fortunate to have facilities for women who want to prey at the Mosque. The Mosque is open at all prayer times with the Friday Prayers being the focus of our activities.
We give talks to schools and local organisations on the Muslim faith.
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ACTIVITIES AND ACHIEVMENTS
How our activities deliver public benefit.
The charity carries out a wide range of activities in pursuit of its charitable aims. The Trustees consider that the activities summarised in the Chairman’s report given below, provide benefit both to those who worship at our mosque and the wider community of Torbay.
Religious Activities
Our Mosque provides a centre for our prayers and worship of the activities associated with our faith. During the year under review, we offer a range of services and activities.
Chairman’s Report.
(1) Ramadhan & prayers — The Mosque is holding all daily prayers, Ramadan was held at the Torbay Islamic Centre with great success and large numbers of the brothers attending daily to break the fast and attend Tarweeh prayers in the late evening. The number of people attending has increased dramatically and as usual Fitoor was given out to between 80/100 people daily.
(2) Local schools and colleges visits — We continued visiting local Schools, Colleges and other related establishments.
(3) The teaching of children and teenagers — The Religious classes held by the Imam for the local children have been very successful reaching 60 students with 5 x classes including one for the Ladies including some activities.
(5) The Imam overseas the teaching of children on Saturday mornings — These classes held by the Imam for local children on a Saturday morning plus 4 volunteer teachers.
(6) The two EID prayers — The Two Eid Prayers were held at the Torbay Islamic Centre. So all the brothers & Sisters and local families could attend, the Imam suggested holding three sittings - 7,00am, 8.00am and 10.00am which was very successful. We would like to thank him for all his hard work, they were very well attended so we continued doing the same.
(7) Local community attending the Mosque — The number of Brothers & Sisters attending the Torbay Islamic Centre has increased considerably due to the arrival of a large number of families moving to the area and staying within the Bay. The Asylum Seekers have left but the number of people attending have increased because they are now coming from Dawlish, Teignmouth, Newton Abbot, Totnes and Paignton.
(8) Donations — We are holding all 5 x prayers and importantly the Friday Prayers, the weekly collections are helping support the Torbay Islamic Centre greatly. The brothers are still donating regularly with Direct debits, and we have now introduced the Sum-up Card Donation reader allowing the brothers to donate by Debit & Credit card which wasn't possible before, combined with the increased numbers of Brothers & Sisters attending the Friday Prayers the donations within the Mosque have increased to much higher numbers than ever before.
(8a) Charity Donations — This Year we have seen an increase in Disasters, Emergencies and Conflicts throughout the world, The local community have pulled together like never before in an effort to help those effected.
Fund raising efforts - Brother Shaheer visited one Friday from the Human Appeal and we collected £2,000 Plus.
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(9) expenses - The Brothers over the last 12 x months have started taking out Direct Debit donations monthly to the Torbay Islamic Centre to help pay for the Religious Services provided by our Imam and also help cover the utility charges such as — electricity, Gas, Water rates, Wi-Fi, and Telephone Etc and with ever increasing utility charges we are endeavouring to find the cheapest supplier.
(10) Repairs & Refurbishment — Due to the ever-increasing numbers of people attending the Torbay Islamic Centre, a need for more Prayer space but also to bring the Torbay Islamic Centre up to date with a clean and professional image it was decided to continue with the refurbishment and ongoing decoration plan.
This would bring the Torbay Islamic Centre up to date with more room, cleaner and more modern surroundings and allow us to provide the local community with more facilities.
Please find below a timeline showing the renovations and refurbishments implemented.
February / March 2024 - decorate and general maintenance 128/130
| March 2024 | - replace oven and hob in 128 kitchen |
|---|---|
| April / May2024 | - building starts on overhang to coverback garden to create more prayer |
| room. | |
| May2024 | - replace worktop, cupboard, sink & taps 128 kitchen |
| May / Oct 2024 | - decorate and general maintenance 128/130 |
| November2024 | - collection of new function chairs. |
| December2024 | - replace ofhob in 128 kitchen |
| Jan2025 | -refurbishment&redecorateof128kitchen&backprayerroom |
(11) Simon Ramsden is looking after the weekly collections, Banking, Bookkeeping, Preparation of the yearly accounts that are then passed onto our accountant who in turn prepares the final yearly accounts for the Public Charity Commission and is also the secretary taking the minutes of the AGM.
(11a) we would like to thank Simon Ramsden for his diligent work in carrying out the booking keeping and passing them on to the accountants as above and his work in the Mosque through the refurbishment.
(12) A late AGM was held in the office of 144 Avenue RD because of the Month of Ramadan in March & April with only the trustees, Imam, Simon Ramsden, Alan as the accountant.
(13) Abdulkader introduced a New Imam in 2023 to take over his old position by the name of Sadiqul Islam, Brother Sadiqul came down from London to Jook into taking the position and was very popular with the Brothers and Sisters of the Mosque and decided to take up the permanent position of a full time Imam at the Torbay Islamic Centre.
It was the right decision as he is very enthusiastic and works very hard helping & teaching the Brothers & Sisters and Children. He also advises them about their problems but also meets nonMuslims telling them about the Islamic Religion.
(14) This year we have had an increased number of people deciding to be Muslim and taking the Shahada.
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TORBAY ISLAMIC CENTRE REPORT OF THE TRUSTEES (CONT’D) For the year ended 31 January 2025
FINANCIAL REVIEW
Reserves Policy
The Trustees have reviewed the reserves of the Charity. The policy is to hold enough funds to meet two years’ operating costs of the Mosque. Following the extension of the Mosque, the numbers attending on Friday mean that the Mosque is nearly full and consideration will need to be given to extending the Mosque and as such additional funds are being retained for this purpose and the continued aims and activities of the Charity.
Principal Funding Sources
The Charity’s main source of income is donations from the congregation. The total unrestricted donations and collections this year were £56,580 (2024 - £74,457). The unrestricted fund expenditure was £47,412 (2024 - £100,677), leaving a net surplus of £9,168 (2024 deficit - £26,220).
Investment Policy and Objectives
The Charity has no long term investments. Cash reserves are held in a bank account.
Approved by the Trustees on ... 2083 AD.BR....2006,. and signed on its behalf by:
YousifAALNassar ,, | aad Y.rf Me VALINGN
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF TORBAY ISLAMIC CENTRE FOR THE YEAR ENDED 31ST JANUARY 2025
| report to the Trustees an my examination of the accounts of the Torbay Islamic Centre for the year ended 31 January 2025.
Responsibilities and basis of this report
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
{ have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
| 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 reach VO \ Ryan Preis@lark atesLLP
Sigma House Oak View Close
Edginswell Park Torquay TQ2 7FF
Date: 31 March 2025
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TORBAY ISLAMIC CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 January 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Note | |||||
| Income & Endowments From | |||||
| Voluntary Income | 2 | 56,580 | 944 | 57,524 | 76,911 |
| Investment Income | - | - | - | - | |
| Total | 56,580 | 944 | 57,524 | 76,911 | |
| Expenditure | |||||
| Charitable Activities | =} | 47,412 | - | 47,412 | 100,677 |
| Charitable Giving | - | 0 | 0 | 2,018 | |
| 47,412 | 0 | 47,412 | 102,695 | ||
| Total | |||||
| NetMovement ofFunds | 9,168 | 944 | 10,112 | (25,784) | |
| Transferbetween Funds | 48 | - | 48 | 60 | |
| 9,216 | 944 | 10,166 | (25,724) | ||
| Balance broughtforward | 20,383 | 1,691 | 22,074 | 47,798 | |
| at1February 2024 | |||||
| Balance carried forward | 29,599 | 2,635 | 32,234 | 22,074 | |
| at31January2025 |
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TORBAY ISLAMIC CENTRE
BALANCE SHEET As at 31 January 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Note | |||||
| FIXED ASSETS | |||||
| Tangible Assets | 5 | 274,593 | 274,641 | ||
| CURRENT ASSETS | |||||
| Cash at Bank & in Hand | 32,810 | 24,756 | |||
| Payments in Advance | 1,098 | 1,078 | |||
| Debtors | - | 33,908 | - | 25,834 | |
| 308,501 | 300,475 | ||||
| LIABILITIES | |||||
| Creditors—Amounts falling due | |||||
| within one year | 6 | 1,674 | 3,760 | ||
| 306,827 | 296,715 | ||||
| CHARITY FUNDS | |||||
| Unrestricted Fund: General Fund | 4 | 29,599 | 20,383 | ||
| Capital Fund | 4 | 274,593 | 274,641 | ||
| Restricted Fund | 4 | 2,635 | 1,691 | ||
| 306,827 | 296,715 |
Approved by the Trustees on eR tL 2025, and signed on its behalf by:
Yousif A Al Nassar Chair
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TORBAY ISLAMIC CENTRE
NOTES TO THE ACCOUNTS Year ended 31 January 2025
- Accounting Policies The principal accounting policies adopted in the preparation of the Financial Statements are as follows:
a) Basis of Accounting
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the statement of recommended practice, accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued October 2019 and the Charities Act 2011. Torbay Islamic Centre meets the definition of a Public Benefit Charity under FRS102.
- b) Fixed Assets
Fixed Assets are stated in the Balance Sheet at the historical cost less depreciation.
- c) Depreciation
Depreciation is calculated to write down the cost of Tangible Fixed Assets over the estimated useful lives at the rate set our below:
Equipment
20% reducing balance per annum
The trustees keep the Freehold Property in good condition with regular maintenance and consider that the residual value of the property (excluding land) will be in excess of cost and as such no depreciation is provided on Freehold Property.
d) Fund Accounting Torbay Islamic Centre has two types of funds for which it is responsible and which requires separate disclosure. These are as follows:
i) restricted Funds — Income received which is earmarked for specific purposes within specific objects of the organisation;
ii) unrestricted Funds — Funds which are expendable at the discretion of the Trustees in furtherance of the objectives of the Charity. Part of the unrestricted fund has been designated as a capital fund and represents the net book value and tangible fixed assets and is therefore not available for any other purpose.
- e) Incoming Resources
Gifts and donations are recognised as income when the amounts are received.
- f) Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis. As most of the management and activity of the Mosque is carried out by volunteers, this intangible cost is not included in the Financial Statements as this voluntary contribution to the life of the Mosque is incalculable.
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TORBAY ISLAMIC CENTRE
NOTES TO THE ACCOUNTS (CONT’D) Year ended 31 January 2025
g) Financial Instruments The Charity holds the following financial instruments:
- e short term trade and other debtors and creditors; and e cash and bank balances.
All financial! instruments are classified as basic.
The Charity has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the Charity becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially al! the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the Charity’s obligations are discharged, expire or are cancelled.
Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors and bank loans.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash, or other consideration, expected to be paid or received, after taking account of impairment adjustments.
2. Voluntary Income
| Unrestricted Funds |
Unrestricted Funds |
Restricted Funds |
Restricted Funds |
Total | Total | |
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Collections and donations | 56,580 | 74,457 | 944 | 2,454 | 57,524 | 76,911 |
| Donations for Charitable Giving | - | - | - | - | 0 | - |
| 56,580 | 74,457 | 944 | 2,454 | 57,524 | 76,911 |
a
TORBAY ISLAMIC CENTRE
NOTES TO THE ACCOUNTS (CONT’D) Year ended 31 January 2025
3. Charitable Activities Unrestricted Restricted
| Unrestricted | Unrestricted | Unrestricted | Restricted | Restricted | |||
|---|---|---|---|---|---|---|---|
| Funds 2025 |
2024 | Funds 2025 |
2024 | Total 2025 |
Total 2024 |
||
| £ | £ | £ | £ | £ | £ | ||
| Imam | 21,500 | 21,500 | - | - | 22,200 | 22,200 | |
| Water Rates | 1,985 | 1,985 | - | - | 1,704 | 1,704 | |
| Rent | 750 | 750 | - | - | 250 | 250 | |
| Heat and Light | 4,822 | 4,822 | - | - | 3,403 | 3,403 | |
| Telephone | 1,086 | 1,086 | - | - | 1,399 | 1,399 | |
| insurance | 1,438 | 1,438 | - | - | 1,341 | 1,341 | |
| Room Hire, Meeting & Food | 0 | 0 | : | - | 822 | 822 | |
| Costs | |||||||
| Repairs and Renewals | 12,879 | 12,879 | - | - | 65,576 | 65,576 | |
| Bookkeeping | 635 | 635 | - | - | 675 | 675 | |
| Accountancy Fees | 1,404 | 1,404 | - | - | 2,460 | 2,460 | |
| Sundry Expenses | 201 | 201 | - | - | 0 | 0 | |
| Bank Charges | 664 | 664 | - | - | 787 | 787 | |
| Depreciation | 48 | 48 | - | - | 60 | 60 | |
| 47,412 | 47,412 | - | - | 100,677 | 100,677 |
4, Fund Balances
a) Analysis of Net Assets by Fund
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Restricted | General | Capital | Total | Total | |
| Fund | Fund | Fund | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Fixed Assets | - | - | 274,593 | 274,593 | 274,641 |
| Current Assets | 2,635 | 31,273 | - | 33,908 | 25,834 |
| Current Liabilities | - | (1,674) | - | (1,674) | (3,760) |
| 2,635 | 29,599 | 274,593 | 306,827 | 296,715 |
b) Restricted Fund
| Brought Forward 1.2.24 |
Transfer Between Funds |
Incoming Resources |
Resources Expended |
Carried Forward 31.14.25 |
||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Charitable | Giving | 1,691 | - | 944 | - | 2,635 |
| 1,691 | - | 944 | - | 2,635 |
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TORBAY ISLAMIC CENTRE
NOTES TO THE ACCOUNTS (CONT’D) Year ended 31 January 2025
4. Fund Balances (continued)
c) Unrestricted Fund
| Genera] | Designated | Total | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Balance b/f | 20,383 | 274,641 | 295,024 | |
| Net Movement of Funds | 9,168 | - | 9,168 | |
| Transfer between funds | 48 | (48) | . | |
| 29,599 | 274,593 | 304,192 | ||
| Capital Fund | ||||
| The Capital Fund, which was commenced bythe Trustees in 2010, represents the Net Book | Value of | |||
| the Charity's tangible Fixed Assets, and is therefore not available for any | other purpose. | |||
| 5. | Tangible Assets | |||
| Freehold | ||||
| Property | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| 01.02.24 & 31.01.25 | 274,399 | 5,450 | 279,849 | |
| Depreciation | ||||
| At 01.02.24 | - | 5,208 | 5,208 | |
| Charge in Year | - | 48 | 48 | |
| At 31.01.25 | - | 5,256 | 5,256 | |
| Net Book Value | ||||
| 31.01.25 | 274,399 | 194 | 274,593 | |
| 31.01.24 | 274,399 | 242 | 274,641 | |
| 6. | Creditors: Amounts falling duewithin oneyear | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals | 1,674 | 3,760 |
ts Trustees Remuneration & Expenses
No payments were made to Trustees for work carried out or expenses.
8. Donated Services
The Charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with the Charity SORP, the economic contribution of general volunteers is not measured in the accounts.
Ts