2024-06-30-accounts

BEDFORD C£￿rRAL JAM££ MASJID & CULTURAL C£￿£ Registered charity Number: 1081598 Trustees Report Financial Statements th For the year ended 30 June 2024 Bedford Central Jamee Masjid & Islamic Cultural Centre- 1081598

BEDFORD CENTRAL JAMEE MASJID & ISLAMIC CULTURAL CENTRE Report of the Trustees for the year ended 30thJune 2024 The trustees present their annual report and financial statements for the year ended 30th June 2024 and confirm they comply with the Charities Att 1993, as amended by Charities Act 2006, the trust deed and the Charities SORP 2005. Reference and Administrative Information Charity Name: BEDFORD CENTRAL JAMEE MASJID & ISLAMIC CULTURAL CENTRE Charity Registration Number: 1081598 Principal Office: 34, Brereton Road Bedford MK401HU Board of Trustees Executive Committee Chairman: Mr Abdul Aziz Secretary: Mr Joinal Abdin Treasurer: Mr Shuhel Miah Inde endent Examiners: Accurate Acc Ltd 18,Laburnum Avenue Bedford MK404HQ Bankers Natwest Bedford MK401YN Bedford Central Jamee Masjid & Islamic Cultural Centre- 1081598

Bedford Central Jamee Masjid and Islamic Cultural Centre Structure overnance and mana ement Governing document: Bedford Central Jamee Masjid and Islamic Cultural Centre is constituted as an unincorporated association. It is governed by the regulations set out in the constitution and is run by a voluntary Management Committee Organisational structure: The Committee members are elected at the General Meeting, which is held after every two years. Any new trustee would be briefed by the chair of the awareness of a trustee's responsibilities the governing document and administrative procedures and the history of the charity. The management Committee met 4 times during the year to review activities, consider the financial position and decide policy and procedure. The Secretary oversees the day to day work of the charity. He reports to the management committee regularly regarding the performance of the charity. There are four staff members who are engaged in the religious functions and affairs of the organisation on a daily basis, together with a number of volunteers. Risk mana ement: The trustees annually review the risks that the charity faces, both financial and otherwise. Strategies have been implemented to control and minimise these risks. Assessments on areas such as governance and compliance with law and regulations have been undertaken. Areas of risks relating to employing staff have been covered by proper procedures and insurance. Appropriate Disclosure and Barring Service (DBS) checks are carried out on all volunteers/staff who have access to children. Achievements and Performance: During the year the charity has been able to continue its support for educational classes, which provide facilities for around 100 children. Bedford Central Jamee Masjsd & Islamic Cultural Cent￿- 1081598

Bedford Central Jamee Masjid and Islamic Cultural Centre th For the year ended 30 June 2024 Financial Review: During the year, the charity received £152,516.00 by the way of public donations and fees from religious classes. The net movement of funds show a surplus of £29.308.00 which has been added to the reserves, brought forward from previous years of £452,377.00. End financial year current reserve is £481,685.00. The Trustees believe that the charity should hold financial reserves because it is mostly dependent on its income from local worshippers. As these funds may be subject to fluctuation from time to time the Trustees have decided to set a level of reserves which equate in value to approximately 6 months expenditure which the Trustees have estimated will be approximately £40,000 primarily used for ongoing current activities such as staffing costs of the organisation and further improvements in relation to the sites building works and maintenance costs. In view that the purpose of the reserves is to meet immediate shortfalls in funding, the Trustees have decided that it is appropriate that the reserves shown in the balance sheet are represented by funds held in short term deposits and current bank accounts. The Trustees have considered the most appropriate policy for investing funds and have reviewed ways in generating income and capital growth to meet their requirements. Plans for the future eriods The charity wi51 continue with the current activities and has obtained substantial donations for 202312024. The key future plans are: a) To continue to help and give religious guidance for the community. b} To continue to promote good relations with all other ethnic minorities. c) To ensure that all the remaining building works are completed successfully within the allowed timescales. d} To continue to build and encourage community access to the education facilities. e) To encourage participation from women to engage in Arabic classes. f) To introduce additional classes for children up to GCSE level. Bedford Central Jamee Masjid & 151amic Cultural Centre- 1081598

Bedford Central Jamee Masjid and Islamic Cultural Centre th For the year ended 30 June 2024 Ob'ectives and Activities The Charity's objectives are for the benefit of the general public resident in and visiting Bedford (the area of benefit), in particular but not exclusively those people who are of Muslim faith, by: The advancement of the Religious of Islam guided by the Quran and Sunnah; The relief of poverty by providing advice, representation, counselling, translating and interpreting services and other assistance in matters such as asylum, immigration, money, debts, welfare benefits, housing, health, education, training, and employment; The promotion of good race and community relations with other ethnic communities in the area of benefit. To assist in funeral arrangements for families of deceased worshipers. The main objective for the year was the promotion and appreciation of the Islamic faith and the provision of facilities of education to the wider community especially the younger generation, offering opportunities in education programmes such as children's classes/weekend classes and Hafizi classes. The charity is very involved in the community and is dependent on the voluntary help from the local residents who support the Masjid by not only voluntary service such as maintenance and repair work to the centre but by donations to help promote its objectives. 8edford Ceniral Jamee Masjid & 151amic Cultural Cenire- 1081S98

Bedford Central Jamee Masjid and Islamic Cultural Centre For the year ended 30th June 2024 Accountin and Re rtin Res onsibilitie5 Charity law requires the Trustees to prepare financial statements for each financial year, which show a true and fair view of the state of affairs of the charity, and its financial activities for that period in preparing their financial statements. The Trustees are required to: a) Select suitable accounting policies and then apply them consistently, b) Make judgments and estimates that are reasonable and prudent, c) State whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements, d) Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will not continue in operation existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with the Charities Act 2006. 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. This Report was approved by the Trustees on .............................. and signed on their behalf by: {President) (Treasurer) Bedford Central Jamee Masjid & lslarnic Cultural Centre- 1081598

Independent Examiners Report to the Trustees of Bedford Central Jamee Masjid and Islamic Cultural Centre For the year ended 30th June 2024 RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charitvs trustee consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to examine the accounts (under section 43 of the Act) to follow the procedures laid down in the General Directions given by the charity commission(under section 43{71(b) of the Act), and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT Accurate Acc Ltd was appointed as the charitable companws independent examiner. My examination was carried out in accordance with general Direction given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It is also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter has come to my attention, l. which gives me reasonable cause to believe that in, any material respect the trustees have not met the requirements to ensure that: .proper accounting records are kept (in accordance with section 41 of the Act>,. and .accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Accurate Acc Ltd Date... Bedford Central Jamee Masjid & Islamic Cultural Centre- 1081S98

BEDFORD CENTRAL JAMEE MASJID & ISLAMIC CULTURAL CENTRE Statement of financial Activities th For the year ended 30 June 2024 Bedford Central Jamee Mas id a & Islamic Cultural Centre Statement of Financial Activities Restricted Unresticted Designated Fund Fund Fund 30.06.24 30.06.24 30.06.24 2 IC()736.3 Incomi resources: Total Fund Total Fund 30.06.24 30.06.23 93,669 Voluntary Income Activities for 8enerating funds Investment incoff Total Incoming resources ICN),736 4 51779.18 152,516 51,779 152,516 50,929 144,598 Resources Expended 123,207 77,214 Total Resources Expended 123,207 77,214 Net Movements in funds 29.308 67,384 Prior year adjustments between funds Funds brought lorward Capex adjustment Total funds 452,377 384.993 13 481,685 452,377 Bedford Central Jamee Masjid & Islamic Cultural Centre- 1081598

BEDFORD CENTRAL JAMEE MASJID & ISLAMIC CULTURAL CENTRE Balance sheet For the year ended 30th June 2024 Notes forming part of the Financial Ststements for the year ended 30th June 2023 1. Accounting Policies The financial statements have been prepared in accordan￿ with the Companies Act 1985 and the Statement of Recommended practi￿.. Accounting and Reporting by Charities issued in March 2005. Bedford Central Jamee Mas id a & Islamic Cultural Centre Statement of Financial Activities For the ar ended ￿juTre 2024 30.(6.24 30.(￿.23 Notes FIXEDASSErs Tangible Assets £801.389 8Ckl,059 CURRENT ASSErs Debtors and Prepayments ,Cash at Bank and in Hand Querd e Hasana ,Creditors: amount due within one io £650 £481,685 £43,678 650 452,377 ear li ', Net Current A55ets Net Assets 1,327,402 L257,086 Flnanced b General Funds Designated Funds Restritted Funds L283.724 43.678 1,236,832 20.254 Total Funds 1,327,402 L257,086 These accounts were approved by the Trustees on .......................... and signed on their behalf by (President) (Treasu￿rI Bedford Cèntral lamee Masjid & Islamic Cultural Centre- 1081598

Bedford Central Jamee Mas id a & Islamic Cultural Centre Notes forniin art of the financial staterr forthe earended 30th June 2024 2024 2023 2) Volunta Income: Fi rday prayer col lection Members Donations Donations Other donations Donated Vegetables Shab-e-borat collection Tarawi Col lection Shab-e-Qadr collection Eid-ul-FitarCollection Eid-ul-Azha Collection 48189.82 34302.26 40336.59 29573.70 3678.45, 5687.C 1105.CM) 2238.40 4225.IX) 1139.61 3240.QKJ 2445.37 93,669.18 4ElJ2.50 489.Cl) 830.CQ 3585.IXI 3CS7.CI), i(X).736.34 3) Income for eneratin funds: Rental income from flats Children & hafizi Classes Radio Scanners etc Marriage certif iciate HMRCGiftAid PPEetc Advert etc Book sale 274EA).77 9718.50 730.IX) 32658.( 71)48.CQ 1245.( 350.IXI 9628.Q) 12429.91 51.779. $0.929.(K) 4) Investment Income: Interest received from bank Total Incoming resources 5) Total resources Expended: Staff Costs for rel igious activity Children & Hafizi classes Bedford borough council Transmitter Licence etc Heat and light Water rates Consimubles &Cleaning Telephone Building & maintenan Noah Enterprise Printing & stationery Insurance Legal & professional PAYE and Pensions Al Khair Sound system Membership etc Islamic Relief Qard e Hasana 152.515.52 144,598. 49392.Q) 41455.IXI 1341.07 I(XK). 10110.95 1973.37 2701.74 279.36 3651.70 792.1x1 7989.03 1931.90 891.97 11723.92 550.Q) 1140.81 1081.C 1548. 19 35(KJ.CtJ 24￿.{￿) 1981.64 43677.68 123207.39 7779.9) T7214.28 10 Bedford Ceniral Jamee Masjid & Islamic Cultural Centre- 1081598

1. Trustee Remuneration & Related Party Transactions 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.
2. Taxation As a charity, it is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 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.

3. Tan ible Fixed Assets Tan Cost At 30th June 2023 Additions charge forthe year At 30th June 2024 ible Fixed Assets: 12,546 2,5CPJ 10,037 Accumlated Depreciation At 30th June 2023 Charge for the year At 30th June 2024 38,2E 2,5QB 40,769 Net Book Value At 30th June 2023 Charge for the year At 30th June 2024 IEI) Freehold Property At 30th June 2023 Addition At 30th June 2024 79),711 7￿,711 Total Fixed Assets At 30th June 2023 1.389 11 Bedford Central Jamee Masjid & Islamic Cultural CentTe- 1081598

4. Debtors Debtors & Prepayments 650.00

5. Analysis fo Net Assets Between Funds: Un￿striCted Desi nated Restrirted Funds Funds Funds Total Funds 801,389 . 650 446.885 Tangible Fixed Assets Debtors Cash at Bank AC ending 4557 Cash at Bank AC ending 7428 ,Cash at Bank AC ending 4483 Cash at Bank AC ending 4220 1,283,724 1,283,724
6. Total Cash in hand . 481,685 12 Bedford Ceniral Jamee Masjid & Islamic Cultural Centre- 1081598