REGISTERED CHARITY NUMBER: 1062761 Report of tho Tru5tee5 and Unaudited Financial Statenients for the Year Ended 31 Marcli 2024 for North Ilford Islanile Centi'e
Nortli iiford IslaJDlc Ceiilre Coiiteiits of tlie Fiiiajicllll Stllenients for Ilie Year Elided 31 hlai'cl) 2024 Page Reporl of tlie Trustees Iiidepeiidciit Exanilrtei s Repoi't Stateiiienl of Finaiieial Activliies FIAlaiice Slieet Notes to Ilie fi Inanclal Statements 6 10 10 Detalled Stateiiienl of fi liiAiiclAI Activities
Nol'th Ilford Islaniic CeDtre Repoi't of the Trustees foi. tlie Year Eilded JI Mai'ch 2024 Tlie Iruslees pirsenl their report with the financial statements of tlle cliarity for the year ended 31 March 2024. The Iruslees have adopted the provisioits of Accounting aild Reporting by Cllarilies: Siateiiieiil of Reeoiilliieiided Practice applicable to charities prepariiig Ilieir accounts in accordance ivitli the Fiiiaii¢ial Repoi'ling Siandai'd appli¢able in Ilie UK aiid Republic of Ireland (FRS 102) (effective l Jaiiuary 2019). Norili Ilford Islaiiiic Ceiili'e's aiins and objeclives are used lo provide services aiid facilities foi. Ilie local and ivider coiiiiiluiiity from all backgrounds. Some exaiilples of our acliievenients and purposes are as folloivs: We liave eslablisl)ed a local food bank lo llelp and aid the deprived aiid disadvantage people. We support Ilie Lo¢al Rcdbridge Mayor. Wc pi'ovide lielp ai)d supply Clirislmas diiiilers for tlie local hon)eless people. To support ivorld-lvide cllai'ilies and tl)eir ain)s and objectives includii)g Iiidia. Ziiiibabive, and niany oiliers. - Our Madressa Tuition ivas provided duriiig tlie year by NMDK training. Noril) Ilford Islainic Cenlre's Tnislees fornied a Youll) Sub-commiltee in 2019 to wliichever its goals and largets. Tl)e maiii objectives are as folloiv8: -moiiilily Youili Prograniiiie wliicli incllides gaines room for Ihe youngsters (boys only), an Islainic reniinder open lo all giveii by a visilii)8 s¢liolar or liiiani, aiid food givei) lo Ilie public (brotliers and sisters). -special Qiraal cvciils inviting faiiloiis reciters froin aroui)d Ihe ivorld. -Fajr Knigl)Is Coii)pelilion. Tliis is an initiative lo encoiirage l)oys to allend Fajr Salali diiring Ihe winlei. liolidays. Breakfast is given during Il)e iveekends and a prizc giving Cereniony is lield. -Yoiitli I'iikaaf. Siayover al tlic Masjid ivl)icli incliidcs Islaiiiic reiiiind¢rs. i)ig]il prayers for ihe youth. -Si)iriliial Gallicrings lield by the respcctcd Mufti Abdur-Ralllnan Mangcra biiYc¢kly. -R¢giilar adult classes (Hadith, Tafseer, Tajiveed). Youlli Sub Coiilliiitlee Meinbers: (Iinaii)) Farooq Suleniaii (Lhair of Youth Sub Cominitiee) Alivi Moliart)¢d (Vice Chair) Ai'¢cb Malik (Secrelary) Moliaiiii)ied Hai'oon Shaliid Malik (Qari) Adil Yusuf Foisol Uddiii Kasl)ei)i Ali Atif (Hafiz) Farhan Patel STRUCTURE, COVERNAYI CC AND MANAGEMENT Goi'ernlii2 docuiiiciit The chai'ity is Controlled by its goveming document, a deed of irust and ¢onslitules an ui)incorporaled ¢hai'ily. Tlie cliarity ivas eslablisl)ed by a cl)arilable Isi deed on 6ih May 1997. Rfi ficl RfiTr4CE AND ADM1Tr41STRATIVE DETAILS ReEislei'cd Cliarity iiuinbei. 1062761 Pi-inelpal aildi'ess 97 Kciisiiiglon Gardens Iirord Essex IGI JEN Page I
Nortli Ilford lslainic Centi'e Report of the Ti'ustees foi. tlie Yeai. Ended 31 Trlareh 2024 Ti'ustees JMGUI A Wai'ind I Pai'ekh SSGUI A M Patel M Asliraf 14 Abubaker Independeilt ExAiiiiiiei' KALA ATKINSON Cl)arlered Certified Accountants & Sirfilulory Aiidilors 43 Ui)ton Lane London E7 9PA Approved by order of Ihe board of INstees on ........ .. and signed on its belialf by.. A M PAlcl - 'fi'LlStee Page 2
liidcpeiidciit li xailiiiiei s Report to tlie Trustees of Noi'tli Ilfoi'd Islaiiiic Ceiitre ljidepeiideiit exainiiici s repoi't to the trustee$ of Nol'th Ilford IslaJnl¢ Centi'e I i'eport lo the cliarity trustees on my examination of Ihe accounts of North Ilfoi'd Islamic Centre (the Trust) for the yeai- elided 31 March 2024. Responsibilitle5 aiid bAsls of report A5 the ¢liarity ISteeS of th¢ Tiusl you are responsible for tlie preparation of the accounts in aeeordance ivitli the requirenieiits of the Charilies Act 2011 ('Ihe Act,). l i'eporl li) I'espect of ii)y exaiiiinalion of the Trust's accoui)ts carried out uiider Seclion 145 of Ille Act aiid in cai'ryiiig out niy exaniinalioii I have folloived all applicable Direclions givei) by the Chai'ity Coiillilissioii uiider Section 145(5)(b) of Ilie Act. ljidcpeiident exaiiiinei s statement Siiice your cliarity's gross iiiconic exceeded £250,000 your exaininer musl be a nieimber of a listed body. I can confirii) Iliat l ai)I qualified lo undertake tlie exaiiiinalion because l an) a niember of Ilie Association of Cliarlei'ed Certified Accouiilaiils, Ivliicli is one of tlie listed bodies. I liave completed niy exan)inalion. J confiri)) Ihal no nialerial matters liave come to my aiiention iii connection willi the exaiiiiiialioi) giviiig iile cause lo believe tliat in any ii)al¢rial respect: accouiiling records ivere not kept iii respect ofilie Trust as required by Seelion 130 of (he Act. or the accouiils do iiol accord iviih Il)ose records. or Ille accoiints do not coinply willi Ilie applicable requireinents concerning tlie fomi and ¢onlent of accounls set out iii Ilie Cliarities (Accouiils and Reporls) Rcgulalions 2008 011)cr Ilian any reqLiireiiieiil tlial tli¢ accoui)Is give a true aiid fail. vieiv ivliicli is iiol a maller coiisidci'ed as parl of an iiidependent cxJi)Jinalion. I linve no conccrns and l)ave come across no oilier Inallers in coniie¢lion willi Ihe exaniinalion lo wliicli atlciilioii sliould be drawn li) Iliis report in order lo enable a proper understanding of the accounts to be reacl)ed. Saliiii KALA AT INSON Cl)atlcrcd Certified Accountants & Slattilory Auditors 43 Uplon Lane LoTidon E7 9PA Date: Page 3
Noi'th Ilford Islanilc Centre Stateinejit of Fliiancial Activities loi. the Yeai. Elided 31 March 2024 Pei'iod 1.4.21 lo 31.3.23 Total fi]nds Year Elided 31.3.24 Total funds Unrestricted nd Restricd fund Notes INCOMI AND EI NDOWMENTS FROM Doiialioiis and legi2cies 11,620 19,584 31.204 98,891 Cliai'ilablc activities In¢on)ii)g resources froni charitable activities 324,873 324,873 233,732 Oilicr Iradiiig activities Investii)¢iil incon)e 415 22,200 415 22,200 19.700 Total 359.108 19,584 378.692 352,323 XPENDITURE ON CIIArltAble activities Incoiiiiiig resoiir¢es froiii chariiable aclivilies 149,412 149,412 125,407 Otlier 19,584 19,584 77,894 Total 149.412 19,584 168,996 203,301 NL'I. INCOME 209,696 209,696 149,022 RECONCILIATION OF FUNDS Total fiiiids broiiglil fonvard 1,643,572 16.342 1,659,914 1,510,892 TOTAL FUNDS CARRIED FORWARD 1.853,268 16,342 ,869,610 1,659,914 The notes forni part of these financial stalenients Page 4
Noi'lh Ilford Islaiiiic Cciitre Balance Slieet 31 Mai'cli 2024 31.3.24 31.3.23 Noles rilXEI D ASSETS Tniigible assets ,332,037 1,322,223 CURRE4 NT ASSIITS Prepaytiienls and accrued income Casli al baIik 700 547,171 700 339,449 547.871 340,149 CREDITORS Aii)ouiils falliiig due iviihin one year (10,298) (2,458) NEIT CURRENT ASSETS 537,573 337,691 TOTAL ASSETS LESS CURRENT LIABILI'I'ILI S 1,869,610 1,659,914 NE'f ASSETS .869.610 ,659,914 FUNDS Uiii'esli'icled fuiids Resli'icled fviids .853.268 16,342 1,643,572 16,342 TOTAL fuNDS 1,869,610 1,659,914 Tlie financial slaleiiieiils ivere approved by ilie Board of Trustees and auihorised for issue and were signed on its be1181f by: on A Wai'ind - TrLislee A M Patel - Trustee The notes fomi part of ihese financial stalemenls Page 5
Noi'lli Ilfoi'd Islaii)ic Cei)tre Notes to the Flnancial StatenieJit$ foi. tlie Year Elided 31 Marcli 2024 ACCOUNTING POLICtES Basis of p)'epxi'liiE tlie financial stateiiicjits Tlie finaiiciAI slaleinetils of Ilie cliai'ity, Ivhieli is a public benefit entity under FRS 102, have beeii pi'epared iti aecoi'daiice iviih the Chai'ilies SORP (FRS 102) 'Aeeounling and Reporting by Chai'ilies.. Sialeiiieiil or Recoiniiiended Prnctice applicable to charilies preparing their a¢unIS in accordance ivitli the Fiiiaiicial Reportiiig Siaiidard applicable iii Ihe UK and Republic of Irelaild (FRS 102) (effective l Jai)uaiy 2019),. Fii)ai)eial Repot1iiig Siaiidai'd 102 'The Fiiiancial Reporting Standard applicable iii Ilic UK and Republic of li'elaiid, aiid Ilie Cl)arilics Acl 2011. 'fhe finailcial slatements have beeii prepared under Ihe hislorieal cost coi)veiilion. Incoiiie All iiJcoiiie is recognised in ihe Sthiement of Finailcial Activilies once ilie eharily has enlitleiiient to (lie fuiids, il is pi'obable Ilial tlie incon)e will be received and tlie amount can be nasUred reliably. Exi)ei)dlture Liabilities are recognised as expendire as soon as Iliere is a legal or conslruclive obligalion coiimiilliiig Ilie cliarity to tliat expenditure. it is probable tlial a Iransfer of econoniic benefils ivill b¢ r¢quired in seiileiiieiit and Ili¢ ai)iount of Ilie obligation can be ii)easured reliably. Expenditure is accounted for oil ai) accruals basis aiid lias beeii classified uiider lieadiiigs that aggi'egate all cost related lo ilie calegory. Wliere costs caiiiiol be directly aiiribuled to particular lieadings they Ive been allocaied to activities on a basis coiisistenl Nvitli tlie use of resources. Tanglble Ilxed assets Dci)rcciatioi) is provided at Ilie folloivii18 annual rates in order to wrile off each asset over ils esliiiialed useful life. Frcchold buildings Fixtiire, fittings and equipnients No deprecialion is provided 25Vo on cost Tllxailoii Tlie cliai'ily is exenipl froin lax on ils charitsble aclivilies. rlund accountiiig Uiircslricted fiiilds cali be iised in accordance willi Ilie cliaritable objectives al Ilie discrelioii of tli¢ Iruslees. Reslricled fiinds can only be tised for particiilar restri¢led purposes iviiliin Ilie objects of Ilie charity. Resli'ictions arise ivli¢n spccified by (lie donor or when fiinds are raised for particular reslricled purposes. Fui'iher cxplanalion of the nature and purpose of each fund is included in the notes to the financial slalciiienls. Pensloii costs Aiid otlier post-i'ellreiiient beneflts Tli¢ cl)arity operates a defined contribution pension sclieme. Contt'ibutions payablc lo tlie charitVs pcnsion schenie are cliarged to the Sialemcnl of Financial Aclivilies in the period lo iyliicli they i'elale. Page 6 conliiiued...
North Ilfoi'd Islaniic Ceiitre Notes to tlie Fiiiaiici21 Statements- continued for tlie Y¢AI' Ended 31 Mareli 2024 OTHER TRADING ACTIVITIES Period 1.4.21 to 31.3.23 Year Ended 31.3.24 Calei)dar Sale Nikali Iiicoiiie 205 210 415 INVESTMENT INCOME Period 1.4.21 lo 31.3.23 Year Ended 31.3.24 Reiits received 22,200 19,700 TRUSTEES, REMUNERATION AND BENEFI'rs Tliere ivere no trustees, reinuneration or oiher beiiefils for the year ended 31 March 2024 nor for tlie period ended 31 March 2023. Truslees, expenses Tl)ere iverc no 31 March 2023. Iruslees, expeilses paid for the year ended 31 Marcli 2024 nor for Ilic period etided s'rAFf COSTS Period .4.21 lo 31.3.23 Year Ended 31.3.24 Wages and salaries Oil)cr pension cosls 39,802 259 32,770 127 40,061 32,897 The avei'age moiilhly number of employees during the year ivas as follows: Pei'iod ' 1.4.21 to 31.3.23 17 Year Ended 31.3.24 25 Staff No einployees received eiiiolunicnts in excess of £60.000. Page 7 continued...
Nol'th Ilfoi'd Islainic Centre Notes to the Fiiiancial Statenients- continued foi. tlie Yeai. Elided 31 Mai'ch 2024 TANGIBLE FIXED ASSETS Improvein¢nls to property Fixtures aiid Freehold properly Totals COST Ai l April 2023 Addiliolls 1,090.240 222,175 11.775 29,653 1,342,068 11,775 At 31 Marcli 2024 1.090.240 233,950 29,653 ,353,843 DEPRECIATION At l Ai)ril 2023 Cliarge for year 19.845 1,961 19.845 1,961 At 31 Marcli 2024 21,806 21,806 NF.T BOOK VALUE Al J l Mai'cli 2024 1,090,240 233,950 7.847 1.332.037 At 31 March 2023 1,090,240 222,175 9,808 1,322,223 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditoi's Social seciirily and oiller tsxes Oilier credilors Wages Payable Acci'iials (2) 500 1,000 298 I,)0 8,040 960 960 10,298 2,458 ANALYSIS or NEIT ASSETS BETWEEN FUNDS 31.3.24 Total runds 31.3.23 Total funds Unrestricted fund Reslricled fuiid Fixed asscts Curi'ei)t asscls Cun'ent liabilities 1,332.037 531,530 (10,299) 1,332,037 547,871 (10,298) 1,322,223 340,149 (2,458) 16,341 1,853,268 16,342 .869.610 1,659,914 Page 8 continued...
Noi'tli Ilford Islajllic Ceiitre Notes to tlie Financlal StAtements- continued foi. tlie YeAr Eiided 31 March 2024 MOVEMENT IN fiUNDS Net Inoveiiient in funds At 31.3.24 At 1.4.23 Uiire511'ieted fuiids Geileral fund 1.643,572 209,696 ,853,268 Resti'lcted fuiids Restricted fund 16,342 16,342 TOTAL FUNDS 1,659.914 209,696 ,869,610 Net Inovenient in funds, included in the al)ove are as folloivs: Incoming resources Resources expended Movciiiciil in funds Uni'esti'lcted funds General fund 359,108 (149,412) 209,696 Resti'lcted funds Reslricled fund 19,584 {19,584) TOTAL FUNDS 378,692 {168,996) 209,696 Conipai'atlves (or movement in fuiids Nel niovci)Ici)I in fiinds Ai 31.3.23 Ai 1.4.21 Unresti'lcted funds Geiieral fiind ,503,194 140,378 1,643,572 Re5tri¢ted fuilds Rcslriclcd fund 7.698 8.644 16,342 TOTAL FUNDS 1,510,892 149,022 1,659,914 Page 9 coiilinued...
Nol'tli Ilford Islamic Centre Notes to tlie Finaiicial Statenients- coi)tinued foi. tlie Year Elided 31 Marcli 2024 MOVEMENT IN FUNDS- coiitiiiued Comparative nel rnoven*nl in fvnds. included in the above are as folloivs: In¢omiiig resources Resources expeiided MoveiJ)eiit in fuiids Uiirestj'ieted funds Getiei'al fund 263.700 (123,322) 140,378 Resli'icted fuiids Reslrictcd fuiid 88,623 (79.979) 8,644 TOTAL FUNDS 352,323 (203.301) 149,022 io, RII LATED PARI'Y DISCLOSURES Tliere were no related party transactions for the year ended 31 Marcli 2024. Page 10
Nortli Ilford Islaniic Centi'e Detailed Stateiiieiit of Finalicial Activities for Ilic Year Elided 31 Marcl) 2024 Period 1.4.21 to 31.3.23 Year Etided 31.3.24 INCOME AND C¢NDOWMENTS Doiiatloiis aiid legacles Gift.s Doi)ations Gift aid Mciiibei'sliip 19,584 11.268 350 88,622 10,118 150 31.204 98.891 Otlier ti'adiiig activitie5 Caleildar Sale Nikali Iiicoii)e 205 210 415 Investii)ent Income Rciils rcceivcd 22,200 19,700 Cliai'ltAble actlvltles Doi)alioii Tuition fees 254,309 70.564 163,C)72 70,060 324,873 233,732 Total incoming resources 378,692 352,323 Expfi NDITUIIE Cliai'ltable Actlvltle$ MASJ id Wages P¢nsioi)s Rates and watei. Insiii'ancc Ligl)l and hcat Teleplioiie Poslagc and slalionery Suiidries Repair, niainlenance & cleaning Yoiiili Activity Cost lftari RRinadlian car park facility Madres5a consuliancy Madi'es5a ivages I'r Softivai'e FiXreS aiid fittings 39,802 259 4,164 2,959 11.416 536 375 720 2,308 3.500 675 2,700 14,245 60.865 32,770 127 2,521 2,085 7,370 433 495 320 3,000 25,501 45,456 150 2,452 1,962 146.486 122,680 This page does iiot forni part of tlje slatulory financial stalenleiils Pagell
Nortli Ilfoi'd lsl4111ic Ceiitre Detailed Stateiiient of Fljiallelal Actlvltles roi. the Year Eiided 31 Mal'eh 2024 Pei'iod 1.4.21 to 31.3.23 Year Ended 31.3.24 CIIArltable activities Otlier Resli'ieled expenditure 19.584 77,894 Suppoi't costs Fiiiaiicc Baiik cl)arges 1,966 1,767 Govci'iiAiice costs Accountancy aiid legal fees 960 960 Total resourccs expeiided 168,996 203,301 Net income 209,696 149,022 This page does nol fomi part of tlie slatulory financial statenients Page 12