ISLAND BWO Charity number: 1057869 Flat 3 Thorne House Launch Street London E14 3LU Statement of financial activities for the ear ended 31 December 2023 MHC AceountAnts Ltd Chartered Accountant 22 Cavell Street. London El 2HP t: 02077900416, ¢: inf ca¢countant.co.uk
ISLAND BWO Contents Legal and Administrative Infornjation Executive Committee's Annual Report Independent Examiner's Report Income and Exp¢nditur¢ Account Balance Sheet Notes forniing part of the fmancial statements 01 02 03 05 0&07
PAGEJJI ISLAND BWO L al and Administrative information Chai Sofik Ullah General Secreta Sy¢d Mahfuz Alam Treasurer Mohammed Faruk Miab stered OtTice Flat 3 Thorne House Launch Street tAindon E14 3LU Inde endent Examiner MHC AccountanLS Ltd Chartered Accowitant 22 Cavell stet London EI 2HP Banker Lloyds
PAGE-02 ISLAND BIVO Execlltlve committee's annual report to the accounts for the 'ear ended 31 December 2023 It is a rcquircmcnt for the Exccutive Committee to prcparc an Income and Expenditure Account and Balance Sheet for each financial year which gives a true and sufficient view of the state of affairs of the Organisalion and of the result for the year then ended. In preparing ihose financial statements, the Executive committee members are required to: select suitable accounting poli¢i¢5 and then apply them Consistently: make judgements and estimate5 that are r&isonable and prudent: state whether applicable a¢¢ounling standards have been followed, subject to any material departures disc105ed and explained in the financial statements. d. prepare the financial stalements on the going concern basi5. Ob'ectives and Aetiiryties The objectives of Island BWO are wholly for the public bellefiL The principal aims of the clwity a. l. PromotiDg Islamic education to the community with the provision of mother tongue and Ardbi¢ Classes for people5 2. Regular Religious athivitie4 the centre provides advisory services to the local couununity. 3. Provides Buildings facilitie5 and services. The executive comtnittee members are responsible for keeping proper accounting reeord5 which disclose with rwonable accuracy at any time the financial position of the organisation and enable them to ensure that the financial ststements comply with relevant legislation. They are also responsible for safeguarding the &ssets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. (Sofik Ullahj Chairperson
PAGE-03 ISLAND BWO ort of the Inde endenl examiners to Executive commlttee The charity's Tru5te¢s Consider tbal an audit is not required for this Ye under section 144 of the Charities Act 2011 (the Cbarities Aa). and thai an indepcndcnt examinallon is needed. It is my responsibility to". examine the accounts wid¢r section 145(1) of the Charities Act 2011, to follow the procedures laid do1 in the general DIrtiOnS given by the Charity Commission (under section 145(5Mb) of the Charities Act). and to slate whether matters have corne to my attention. Basls of Inde endent examiner's re ort My examination was caTTied out in accordance with general Directions gxven by the Chartty Commission. An examination includes a review of the accounting records kept by the clwity and a comparison of the accounts presented with those records. It also includes CODSideration of any unusual items or disclosures in the accounts atkd seeking explanations from the trustees concerning any such matt¢rs. The procedures undertaken do not provide all the evidence that would be required in an audiL and Consequendy no opinion is given as to whetber the accounts prent a 'true and fair, view. and the report is limited to those matte[5 Set out in the statement below. Inde endent eJ2mlner's ststement In connection with my eXamItio no matter has come to my attention: . which gives me reasonable caus¢ to believe that itL any materiaI respecL the r¢quirements: to keep accountlDg records in a¢¢ordance with section 130 of the Cbarities Act to prepare accounts which accoid with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or 2. to which, in my Opinio attention should be thawn to enable a proper understauding of the accounts to be reached. Md Mudabbir Hussain MHC Accountsnts Ltd Chartered Accountants 22 Cavell Street London EI 2HP Dat¢.' 2911012024
PAGE414 ISLAND BWO Income and es eriod 01 Janua endilure account 2023 to 31 December 2023 for the 2023 COME Notes Donations Grants 35,700 Total Income 35,700 LESS: EXPENDITURE Accountancy fees Centre costs Cleaning Health & lunch projects Project costs Tutoi fees 500 2,040 480 4,636 24.000 9,456 Total Expenditure 41,112 Net intomel{expendithre) (5.412) We hereby approve the above accounts and confirn] that we have supplied all the infonnation and explanations required for the preparation of these accounts. roved b (Sofik U112h) (Syed Mahfuz Alam) General Secrelary
PAGN15 ISLAND BWO Balance sheet as at 31 December 2023 2023 Total fixed assets Tangible knets Notes Total current assets Cash at Bank C&sh in Hand 12,008 12,008 Creditors: amounts fallin Creditors due within one ear {500) Net current assetsloiabilities) 11.508 Total net assets or liabilities 11508 Total Funds Brought fonvard Net incomel(expenditure) 16.920 (5.412) Carried fonvard 11,508
PAGE416 ISLAND BWO Notes to Ihe accounts for the ear ended 31 December 2023 l. Accountin Policies (al Basis of Accountin The accounts have been prepared on the bisloric cosl convention. The accowits are in accordancc with &pplicable accounting standards. Ihc Charities SORP (FRS 102) (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2008 issued Under the Charities Act 1993 O)) Don3tion and Grants Income from donations and grants including capital grants is included in incoming resources whcn these are receivable, except as follows. When donors specify that donations and grants given to the charity must be ed in future ac¢ounting periods, the income is deferred until those periods. When donors impose conditions. which must be fulfilled before the charity becomes entitled to use such ineome. the income 15 deferred and not included in incoming r&sour¢es until the prevconditions for bave been meL When donors specify that donations and grants. including capital grdnts. are for restricted putposes, which do not amount to pre•conditions regarding entitlemenL this incorne is included in incoming iesources of restricted funds when receivable. enditure All expenditure is included on an accTual basis and is reeognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attribut¢d to one of the fimctional categories of resources expended. The charity is not registered forVAT andaccordingly expenditure is shown gross of I¢¢0Ver4blc VAT. 2. Grants During the year. the following Grants income bave been received and credited in the Income as per the above-mention¢d policy. Details One House Group Ltd LBTH 18,000 20.700 35.700
PAGE-07 ISLAND BWO Notes to the accounts for the ear ended 31 December 2023 3. Fixed Assets There are no red assets register of ISLAND BWO. Existing premises were One House Group Ltd and they grant a short lease to ISLAND BWO which has been renewable. The executive committee should ensure that the le has been renewed on time. FA-E ui ment Furniture & Fiiture The fixed assets 5¢hedule for the ¢r as follows: Cost Opening Balantt as at oiioir2023 Addition during the Year Closing Balance as at 3111212023 reciation Opening Balance as at 0110112023 Cbarges during the Year Closing Balance as at 3111212023 Net book value as at 3111212023 The deprecitioD has beeD charged @ 20./• on Written down method. 4. Creditors: MHC Accountsnts Ltd 500 500