Registered Charlty Number- 1081870 Company Registration Number . 3963213 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE Abacus Partners ILdnl LLP Chartered C&rtified Accountant UnitA, Abbotts Wharf 93 Stsinsby Road London E14 6JL
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Contents Page Report of the Trustees 1104 Independent Examinerfs Report Stsloment of Financial Activities Slalemenl of Financial Position Notes to the Financial Slalements 8109 Detailed Statement of Financial Activi(ies 10
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who aro also the directors of the Company for the purpose of the Companies Act, present their annual report and the financial statements for the year ended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1081870 Registered Company number 3963213 Principal address 28- 28A Woodford Avenue Ganls Hill, Ilford Essex IG2 6XQ Trusteesl Directors MrAKAII Mr M F Ahmed Mr F Ramzan Mr B H Hameed Mrm M R Bhuiyan Mr A Razzaque Mr S A Sadek Mr O Uddin Chair Vlce Chair Secrel8ry D Secretary Treasurer D Treasurer Davrdh Se¢tary D Davrdh Secfftlary Independent Examlner Abacus Partners (Ldnl LLP Chartered Certrfied Accounlanls Unil A, Abbolts Wharf 93 Slainsby Road London E14 6JL STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is ¢onlrolled by ils governing document, a deed of Irusl, and constilules an unincorporated A ch8ri(able company limited by guarantee wtrthoul share capital, incorporated on 3 April 2000 and registered as a charity on 7 August 2000. Recruitment and appointment of new trustees New Trustees are appointed due lo their interest in the work of charity and their recognised experien in specific fields whi¢h will further support the work of The Redbridge Islamic Cenlre. Inductlon and training of now trustees New Trustees are given 2 full induction. Trustees can retire when they wish as they do not serve under a The Board of Trustees has overall control of the Charity's activities and meets on a regular basis. Risk management The trustees are responsible for the management of risks faced by the charity. The trustees have The Iruslees are satisfied that the major risks idenlifFed have been adequately mitigated where necessary. It is recognised th81 systems can only provide re8sonable bul not absolute assurance th81 major risks have been adequately managed. Page 1
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Princl al ob-ectivgs of the Chari 1. To advance the Islamic religion in accordance with the teachings of Islam., 2. To advance education. in particular, amongst women and young people,. 3. To provide and l or assist in the provision of recreational and leisure facilities in the interest of social welfare, and to improve the quality of life of residents in the area., 4.To asslst in disaster appeals to help the needs of people around the world who have suffered through natural disasters., 5.To provide a safe and user-friendly environment for mediation, family counselling, parental guidance and daily prayers. Activities and Achievements How our aclivi(ies deliveT public benefit RIC'S activities deliver public benefit. The charty undertakes out a wde range of activi(ies in fUlIment of ils charitable aims. The activities briefly mentioned below demonslrale how the aclwilies Conducted benefit Community Centre at Woodford Avenue: Regular adivities such as the Madrasah. elders project, week Halaqahs, and youth and women's programmes have been regularly held al the centre. We also conduct self defence classes, an Elderly Social Gathering, along wi(h a Youth Football Club every Sunday al Clavhall Park. Prayers: The Mosque is open throughout the year, parti¢ularfy in relation lo facilitating the daily prayers. This nomially attracts over 330 people to daily prayers and over 1500 people lo Friday prayer services. Eld In the Park: Eid congregation for Eid ul Filr & Eid-ul-Adha w8s, like other years, held in Valentine Park, IIFord. An eslimaled more than15, 000 people gathered there lo celebrate both Eids, marking the end of Ramandan (Eid ul Filrl & 10 days of Dhul Hiiiah IEid ul Adhsl. This is the largèst open air Eid ¢ongregalion in the city of London The celebration of this joyous and auspi¢ious occasion brought the communities in Redbridge and surrounding areas together to enjoy Eid. It gave the congregation and the visitors of other faiths and backgrounds a wonderful opportunity lo greet and share their happiness with one another. The event included stalls and exhibtiions on Islami¢ Culture that was open lo all. People from other boroughs attended this great ¢ongregralion. School Visits to RIC as part of RE: RIC has been fa¢iif(ating school visits lo our centre as part of schools RE subject. We have had 90 children plus many teachers attend a session where the Imaam of RIC lead a assemble for the school at RIC, we laid out an exhibition with posters and booklets explaining the subject of 1s18m. This has been very well received by schools and we now do this on a regular basis. Redbridgo Youth Forum: The RYF continue to work with the local young people utilising the space afforded to them by RIC. They regularly run various in-doors and out-door extra-curricular activities for children and young people which meet their cultural, social and recreation81 needs. The activities organised by the RYF enable the young people to engage with others, develop positive friendships, and by partaking in the different aclwilies, develop their self-esleems, confidence and independence. The RYF'S football sessions run on a weèkly basis, every Monday. Following every foolb811 session, the is 8 small Naseehah (Advice) on a topic addressing issues that young people encounter in their day to day lives. Night Program for Youth: The Night Programme for Youth is continued lo be run for young people between the ages of 8 20. This is Usual organised during the end of term school holidays. The Progrdm consists of Ice Breakers, Team Building games, dodge ball, IslaMC Talks, night prayers IT8hajjudl and food. The objective of the program is to facilitate for young people lo engage with positive activities that they can relate within a masjid conlexi. Fajr Knlghts for Youth.. This programme has been running for approxiamlely 3 years and has become an increasingly popular gvenl attracting youth within Redbrdige and surrounding areas. Young people from the age of 6 laccompanied by parents) upwards particpale in congregational prayer al Fajr, enjoy communal breakfast, and then participate in group activities. Aclivties include, table tennis, dodgeball and quvzes. Page 2
REDBRIDGE ISLAMIC CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Games Night: This event lakes place every Friday al our Gants Hill Masjid. The youth are given the opportunity lo attend the masjid and particpale in range of gaming acliwlies. The games include table tennis, table football, pool, and computer games. Evenlng Madrasah for Boys and Girls: The Evening Madrasah now has a modem swlabus which tackles and addresses the issues faced by the Muslims in the wesl. Currently there are 12 classes running each week between the cenlres which lolals lo 180 children being taught the Quran and islamic Studies. We have additionally started a hifz programme for students wanting lo memrozie the entire Quran. Saturday IslamlG School: Saturday Islamic School continues lo grow from strength lo strength. The SIS in ils 14th year has developed a sound reputation for supplementary Islami¢ education. Both students and their parents are happy with the way the lesson is planned and designed. Teachers are aware of the needs lo structure and deliver lessons in a caring and slimulaling environment, which helps them lo be molivaled and develop a posf(ive attitude lo learning and enable their intellectual, moral and social development. Currently we have 10 classes with 95 students and now cater for children 11+ in age Dawah Sub-Gornmltee- The Dawah sub-commillee continues to work hard and promote and propagate Islam lo the local Muslim and non-muslim communities in Redbridge. Various conferences in Bangla and English have been organised. Educational l Humanitarian work.. The RIC continues lo raise money for local, national and international educational eslablishmenls, orphanages and other charitable organisalions in different countries, victims of the natural disasters in Bangladesh. Pakistan, Uganda, Palestine and victims of wars. such as Syria & Afganislan Tatsirul Qur'an.. The Tafsirul Qurfan programme is specifieslly run for the auS al both the Gants Hill and Redbridge Cenlres weekly. 11 helps the congregation to reflect on their daily inleraclion with their fellow human beings, their relationship with their Creator and purpose of life in this world and hereafter. Explanation of the verses from the Holy Quran is very enlightening, moving and thought provoking. The aim of the session is to enable people to be decent human beings who should take responsibility for their action and ernbrace Deace. harmonv and riahleousness. Hadith Studies- General Hacsith are regularly read after Salah al both the Centres, and the Musallis benefit immensely from this education21 programme, The aim of this brief provision is to help participants to reflect. refine and refom) their life in accordance with the teachings of oijr beloved prophet Ipbuh). Halaqah Islamic Circlos.. This is a weekly family event. This study circle lakes place every Saturday al 7..30pm at Redbridge Masjid. Different scholars give talks about particular topics. Many Musallis find this very informative and enlightening about the way issues are discussed and questions answered. Women's Circle: The women Circle al Ganls Hill Centre continues lo make excellent progress. This is well coordinated, structured educational programme for sisters. This has helped many sisters lo improve their understanding and knowledge of religious practices and islamic cuf(ure. They organise Qur'an session on Sundays from 1 Oam -12pm. The two women's sessions at Redbridge Masjid take pla on a Tuesday between 10am to 12pm and on a Sunday between 11..30am lo 12'.30pm. The women's session have also lead on the girls only youth programmes during school breaks and raised money for Macmillan nCer trust with a cake and bake sale. The average attendance for each of the circles is over 25 sisters. RIC Good Food.. RIC runs a weekly foodbank supporting several families in need of basic food and household i(ems. The project is supported by in house volunteers. Iftar: At both the Cenlres the Committee members and the Musallis helped lo provide Iftar for the Taraaweeh.. The RIC were extremely Blessed to have secured two internationally renowned Hijffaz lo lead Page 3
REDBRIDGE ISLAMIC CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Reserves.. The board has determined that the appropriate level of free reserves which are not invested should be equivalent lo 6 months. expenditure, which equate5 to approximately £88k. The actual free reseNes in current assets al the end of the year were £515k120224391 Kl, thus exceeding the largels sel. Reserves are considered frèe where they are immedialety liquid, and not tied up in assets. The Board of Trustees considers the reserve policy to be adequate for this type of organisalion, and 8150 believes the feserves are healthy, in case of further future uncertainties. Financial position: The Statements of Financial Activities shows a net surplus of £195,726 with nel funds of £2,957,415 as al 31 December 2023. Statement of Trustees, Res onsibilities The Trustees, Iwho are also Directors, of Recjbridge Islamic Centre for the purposes of company lawl are responsible for preparing Ihe Trustees, Annual Report and the financial slalerllenls in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP applicable lo Smaller Entiliesl. Companyl charity law requires the Trustees, to prepare financial statements for each financial year, which gives a true and fair view of the slate of affairs of the charitable company and of the inwming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial slalemenls. the Trustees, are required to.. select sutsble accounting policies and then apply them consistently", observe the methods and principles in the Charities SORP IFRS 1021., make judgements and eslimales that are reasonable and prudent., stale wholher applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements., • prepare the financial slalemenls on the going concem basis unless it 18 inappropriate lo presume that the charitable company rill continue in operation. The Iruslees are responsible for keeping adequate accounting records that disclose wf(h roasonablo a¢¢ura¢y at any lime the financial posi(ion of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charrtable company and hence for12king reasonable steps for the prevention and detection of fraud and other irregularities. In 80 far as the trustees are aware.. there is no relevant audit information of which the charitable companys auditor is unaware., and the trustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Independent Examiner- An independent examination was carried out by Abacus Partners {Ldnl LLP, Chartered Certified Accountants. The company elected to dispense with the annu81 appointment of examiners. In the absence of a specific resolution lo the contrary Abacus Partners ILdn} LLP will continue in office. These financial slalemenls have been prepared in accordance w(th the provisions applicable lo companies subject lo the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. These finan¢ial statements were approved by the board of directors I Iruslees and aulhorised for issue on 26 October 2022, and are signed on beha of the board by.. Mr F Ramzan TrustgglS&¢rgtaryi Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31 DECEMBER 2023 I have examined the accounts and stslements on pages 6 10 10 which have been prepared on the basis of accounting policies sel out on page 8. Resp8Ctlve responsibilities of Director5 and Examiners: The trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audrt Is not required for this year under section 144121 of the Charities Act 2Q11 Ilhe 2011 A¢ll and that an independent examination is needed. The Charity's gross income exceeded £250,000 and l am qualified lo undertake the examination by being a qualrfied memborofACCA. Having satisfied myself that the charity is not subject lo audit under company law and eligible for indewndenl examination, il is my responsibility lo.. examine the accounts under section 145 of the 2011 Aet follow the prOdureS laid down in the gener81 Dir&ctions given by the Charity Commission under section 14515llbl state whether particular matters have como to my 8tt8ntion. Basls of Independent examinevs report My examination was carried out in accordance with the general Directions given by the Charty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the a¢¢ounls present a true and fair view and the report is limited lo those matters sel out in the statement below. Independent examlnerfs stat•mènt In connection with my examination, no matter has come to my attention.. 111 which gNies me reasonable cause lo believe that in any material Spect the requirements". lo keep accounting records in accordance with section 386 of the Companies Act 2006.. and lo prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice.. Accounting and Reporting by Charities have not been have not been met.. or 12) lo which, in my opinion, allenlion should be drawn in order lo enable a proper understanding of the accounts to reached. HOWDHURY FCCA Ab s Partners ILdn) LLP Chartered Certified Accounlanls Unil A, Abbolls Wharf 93 Stainsby Road London E14 6JL g September 2024 Page 5
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted 2023 Funds Funds Totsl Fund 2022 Totsl Fund Notos INCOMING RESOURCES Donations & others Rental Income JRS grants and others 490,513 59,430 676 20,102 510,615 59,430 676 526,761 58,040 1,060 Total incoming resources 550,619 20,102 570,721 585,861 RESOURCES EXPENDED Direct charitable expenses 300,434 20,102 320,536 282,783 Depreciation 49,931 49,931 48.768 A¢countancy & governance cost Total resources expended 4.528 354,893 4,528 374,995 5,553 337,104 20,102 Net Income {Expenditure} For The Year 195,726 195,726 248.757 Funds as at 1 January 2023 2.753,593 8,09S 2,761,689 2,512.932 Funds as at 31 December 2023 2,949,319 8,096 2,957,415 2,761,689 The notes on pages 8 & 10 form part of these accounts. Page 6
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION AS AT 310ECEMBER 2023 Unrastrlctsd Rèstricted Funds Funds 2023 2022 Total Fund Not•s Fixed Assets: Land and Buildings Fixture, fittings and Equipment's 2,426,313 15,911 2.426,313 15,911 2,442,224 2,359,288 10,949 2,370,237 Current Assets.. Debtors Cash al Bank and in hand 40,000 546,108 586,108 40,000 424,375 464.375 Creditors.. Amount falling due within one yeai Net Current Assets 70,917 72,923 391,452 515,191 Net total Assets 2,957,415 2,761.689 Funds Unrestricted Fund Restricted Fund 2,949,319 8,096 2.753,593 8.096 Total Funds 2,957,415 2,761,689 For the year ending 31 December 2023 the company was enlilled lo exemption from audit under section 477 of the companies Act 2006 relating to small companies. Directors Res The members have not required the company lo obtain an audit of ils accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying wlh the requirements of the Act with respect lo accounting records and the preparation of accounts. These financial statements have been prepared in ac¢ordan¢e wlh the provisions applicable lo companies subject lo the small companies regime, and accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland,. These financial slalemenls were approved by the board of d1ClorS l Trustees and authorised for issue on 9 September 2024, and ale signed on beha of the board by.. Mr Abul Khayar Ali (Trusleelchair) Mr Faheed Ramzan ITrusteelSe¢retaryl The notes on p8ge5 8 & 10 form part of these accounts. Page 7
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General Informatio The Charity is a private company limited by guarantee, registered in England and wales. The address of the register office is 28-28a Woodford Avenue, Ganls Hill, Ilford, Essex, IG2 6XQ. stat&m8nt of compliance These financial slalemenls have been prepared in compliance with the provisions of FRS 102, section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. Accounting Policies Basis of preparing the financial statements The financial slalemenls have been prep8red in aGcordan¢e with Accounting and Reporting by Charities.. Slalemenl of Recommended Practi applicable to charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the enlily. Incoming resources All incoming reSoUrS are recognised once the charty has enlillemenl lo the resour, il is certain that the reSoUrS will be received and the monetary value of incoming resources can be measured with sufficient reliability. Resources expended Expendf(ure Is accounted for on an accruals basis. Overhead and other costs not directly attributable lo particular functiorial activity categories are apportioned over the relevant categories on the basis of management eslim8les of the amount attributable lo that activity in the year, è(ther by reference to staff, time or space occupied, as appTopriale. The irrecoverable element of VAT is included with the item of expense lo which il relates. Govemance costs comprise the costs associated wth meeting the constitutional and strategic aims of the charity and the audit fees and costs link lo strategic management of the charty. Tangible fixed assets Depreciation is provided at the followng annual rates in order lo wrf(e off each asset over ils eslimaled useful lifo. Freehold property- Land Freehold property- Buildings and extension Fixtures and fittings NIL 20A on cost 20Qh on cost Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particular restricted purposes. Page 8
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Legal status of the Trust The Trust is a company limited by gijaranlee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Trustees, Remuneration and Bengfits There were no trustees, remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2023. Tangible Fixed Assets.. Land & Building Fixture & Fitting Total Cost.. At 1st January 2023 Addition 2,793,615 112,294 2,905,909 185,778 9,625 195,403 2,979,393 121,919 3,101,312 Depreciation.. Al 1 st January 2023 Charge for the year 434,328 45,268 479,596 174,829 4,663 179,492 609.1 S7 49,931 659,088 Net Book Value As at 31 December 2023 2,426,313 15,911 2,442,224 As a131 December 2022 2,359,287 10,949 2,370,2 Debtors.. 2023 2022 Prepayments Other debtors 40,000 40,000 40,000 40,000 Creditors falling due within one year- 2023 2022 Qardo-Hasana Taxation and Social security Accruals Peension provider 63,500 67,500 5,622 3,730 1.400.00 1,300 395.00 393.00 70,917 72,923 Private Loans.. "Qard Hasana" are loans from the charitls beneficiaries, which only have a moral obligation to repay on demand, rf possible. There is no interest due or security given for these toans. Taxatlon: The charitable company is exèmpl from ¢orpoffttion lax on ils ch8ri18ble activities. Page 9
REDBRIDGE ISLAMIC CENTRE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Detailed financlal statement.. Incomlng Resources 2023 2022 Donations & others Rental Income Sundry income 510,615 59,430 676 570,721 526,761 58,040 1.060 585,861 Resources Expended Salaries & Employers Nl Ground rent, council lax, water, light & heat Eid Prayer in th& park Events and other services Insurance Printing. postage & stationary Repairs & maintenance Bank charges Depreciation Professional fees Telephone Charitable donalion-restricted Accountsncy 163,335 28,190 77.409 10,647 6,104 1,876 11,543 2,726 49,931 1,102 1,322 20,110 700 374,995 147,375 20,692 65,003 5,264 6,710 1,471 4,826 2,903 48,768 1,950 1,427 30,015 700 337,104 Net income 195,726 248,757 Page 10