Thurrock Islamic Education & Cultural Association Charity number 1088656
FINANCIAL STATEMENTS FOR THE
Year Ended 31 August 2021
White Town Plus Certified Practising Accountants 8 Cromwell Centre
32 Thames Road, Barking, Essex
IG11 0HZ
Thurrock Islamic Education & Cultural Association
Year Ended 31 August 2021
| Contents: | Page no |
|---|---|
| Report of the trustees | 4-5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9-10 |
Thurrock Islamic Education & Cultural Association Year Ended 31 August 2021
Charity Information
| Trustees | |
|---|---|
| Lemon Uddin Chowdhury | Chairman |
| Helal Ali | Secretary |
| Mohammad Abdul Kalam Azad | Treasurer |
| Helal Uddin | Execitive member |
| Monir Ali | Execitive member |
| Siraj Ali | Execitive member |
| Sirajul Islam | Execitive member |
| Charity number | 1088656 |
| Principal Office | Parkway Centre |
| Park Road | |
| Grays, Essex | |
| RM17 6RB | |
| Independent Examiner | White Town Plus |
| Certified Practising Accountants | |
| 8 Cromwell Centre | |
| 32 Thames Road | |
| Barking, Essex | |
| IG11 0HZ | |
| Bank | HSBC Bank |
Thurrock Islamic Education & Cultural Association
Trustees' Report Year Ended 31 August 2021
The Trustees present their report and the financial statements for the year ended 31 August 2018.
Governing Instrument:
The charity's objects and regulations are regulated by the constitution adopted in 1994 and the charity is an unincorporated association.
The objects of the charity is to provide educational and cultural facilities to the young and adults muslims of shadwell and its surroundings. To meet these objectives the charity seeks charitable donations and grants from the public at general and other institutions.
The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities and one of the committee member is nominated as chairperson, to monitor the day to day running of the charity.
Trustees and/or principal officers:
The following officers of the charity have held office for the whole of the year.
Chairman Treasurer Secretary
The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution.
Activities and Achievements:
During the year the charity continued to collect donations from the members of public as well as Friday jummah collection. There are continuous commitment from the users and members to support the charity's activities.
The charity also provide social welfare, educational and worship facilities and the number of users are increasing every year.
Review of Transactions and Financial Position:
With the committmentas indicated above, the financial position of the charity is very secure with net fund of £198,626 as at 31 August 2021.
Thurrock Islamic Education & Cultural Association
Year Ended 31 August 2021
Statement of Trustees' Responsibilities.
Under the Charities Act 1993 , the trustees are required to prepare a statements of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement, the trustees are required to:
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select suitable accounting policies and apply them consistently,
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make judgements and estimates that are reasonable and prudent,
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state whether applicable accounting standards and statements
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recommended practice have been followed, subject to any material departures disclosed and explained in the statements of accounts.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under section 42(1) of the Charities Act 1993. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
Approved by the Trustees on 31 May 2022
Signed .....................................................on their behalf
Helal Ali Secretary
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
Thurrock Islamic Education & Cultural Association
Year Ended 31 August 2021
We have examined the accounts and statements on pages 7 to 8, which have been prepared on the basis of accounting policies set out on page 9.
Respective responsibilities of Trustees and Examiner:
According to the provisions of Charities act 1993, the trustees agree that an audit is not required for this financial year. However due to provisions of the same act an independent examiner is required.
Basis of Examiner's Statement:
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Examiner's Statement:
Bases on our examinations, no matter has come to our attention which gives us reasonable cause to believe that in any material respect accounting records have not kept in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn to enable a proper understanding of the accounts.
White Town Plus Certified Practising Accountants
31 May 2022
Thurrock Islamic Education & Cultural Association
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 (All income and expenses are unrestricted)
| Notes INCOMING RESOURCES Friday Collections & Other Other Income - JRS RESOURCES EXPENDED Staff costs Rates Insurance Gas & Electricity Accountant Telephone Legal and professional Printing, postage and stationary NET INCOME OVER THE EXPENDITURE FOR THE YEAR Funds b/f Total Funds |
2,021 £ 43,876 13,901 57,776 24,721 380 1,021 1,971 400 380 10,000 - 38,873 18,903 179,723 198,626 |
2,020 £ 43,761 8,861 |
|---|---|---|
| 52,622 | ||
| 24,598 1,114 1,082 2,399 400 352 - 100 |
||
| 30,045 | ||
| 22,577 157,146 |
||
| 179,723 |
The notes on pages 9 to 10 form part of these accounts.
Page - 7
Thurrock Islamic Education & Cultural Association
FOR THE YEAR ENDED 31 AUGUST 2021
| Notes Current Assets: Cash at Bank and in hand Creditors: Amount falling due within one year 4 Net Current Asstes Net Assets Funds Unrestricted funds Total Funds |
2,021 £ 200,074 200,074 1,448 198,626 198,626 198,626 198,626 |
2,020 £ 180,762 |
|---|---|---|
| 180,762 1,039 |
||
| 179,723 | ||
| 179,723 | ||
| 179,723 | ||
| 179,723 |
Approved by the Board of Trustees on 31 May 2022 and signed on it's behalf by
Lemon Uddin Chowdhury Helal Ali Chairman Secretary
The notes on pages 9 to 10 form part of these accounts.
Page - 8
Thurrock Islamic Education & Cultural Association
Notes to the financial statements FOR THE YEAR ENDED 31 AUGUST 2021
1. Accounting Policies
1.1 Basis of preparation of accounts:
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
1.2 Donations receivable:
Donations for immediate expenditure are accounted for when they become receivable.
Page - 9
Thurrock Islamic Education & Cultural Association
Notes to the financial statements
FOR THE YEAR ENDED 31 AUGUST 2021
| 4. Creditors: Independent Examiner's fee Creditors |
2,021 £ 400 1,448 1,848 |
2,020 £ 400 1,039 |
|---|---|---|
| 1,439 |
5. Trustees' Remuneration:
None of the trustees were remunerated.
Page - 10