Thurrock Islamic Education & Cultural Association Charity number 1088656
FINANCIAL STATEMENTS FOR THE Year Ended 31 August 2023
White Town Plus
Certified Practising Accountants 8 Cromwell Centre
32 Thames Road, Barking, Essex
1G11 OHZ
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Thurrock Islamic Education & Cultural Association
Year Ended 31 August 2023
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|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|
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Thurrock Islamic Education & Cultural Association Year Ended 31 August 2023
Charity Information
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Trustees
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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
1G11 OHZ
Bank HSBC Bank
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Thurrock Islamic Education & Cultural Association
Trustees’ Report Year Ended 31 August 2023
The Trustees present their report and the financial statements for the year ended 31 August 2023.
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 mem bers of public as well as Friday jummah collection. There are continuous commitment from the users end 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 £356,337 as at 31 August 2023.
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Thurrock Islamic Education & Cultural Association Year Ended 31 August 2023
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, * state whether applicable accounting standards and statements 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 positlon 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 29 August 2024
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Signed2 their behalf
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Helal Ali Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
Thurrock Islamic Education & Cultural Association
Year Ended 31 August 2023
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 thal in any material respect accounling 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
29 August 2024
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Thurrock Islamic Education & Cultural Association
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 (All income and expenses are unrestricted)
| 2,023 | 2,022 | |
|---|---|---|
| Notes | £ | £ |
| INCOMING RESOURCES | ||
| Friday Collections & Other | 90,229 | 141,522 |
| Other Income - JRS | - | - |
| 90,229 | 141,522 | |
| RESOURCES EXPENDED | ||
| Staff costs | 24,178 | 25,017 |
| Rates | 1,592 | 1,669 |
| Insurance | 1,094 | 1,068 |
| Gas& Electricity | 4,612 | 2,139 |
| Accountant | 400 | 400 |
| Telephone | 461 | 397 |
| Legal and professional | 71 | 2,000 |
| Donation | 4,952 | 2,323 |
| Bank charges | 630 | 122 |
| Stationary& postage | 63 | - |
| Repairs& Renewals | 138 | - |
| Equipment hire | 714 | - |
| 38,904 | 35,135 | |
| NET INCOMEOVERTHE EXPENDITURE FORTHE YEAR | §1,325 | 106,387 |
| Funds b/f | 305,013 | 198,626 |
| TotalFunds | 356,337 | 305,013 |
The notes on pages 9 to 10 form part of these accounts.
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Thurrock Islamic Education & Cultural Association
FOR THE YEAR ENDED 31 AUGUST 2023
| 2,023 | 2,022 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Fixed Assets: | ||||
| Improvement to buildings | 30,469 | - | ||
| Current Assets: | ||||
| Cash atBank and in hand | 326,518 | 305,663 | ||
| 356,987 | 305,663 | |||
| Creditors: | ||||
| Amount falling duewithin one year | 4 | 650 | 650 | |
| Net CurrentAsstes | 356,337 | 305,013 | ||
| NetAssets | 356,337 | 305,013 | ||
| Funds | ||||
| Unrestricted funds | 356,337 | 305,013 | ||
| Total Funds | 356,337 ————$—$—$——_—7 |
305,013 —————_— |
Total Funds
Approved by the Board of Trustees on 29 August 2024 and signed on it's behalf by
f LxetenLemon UddintnChowdhury eeHelafAli Chairman Secretary
The notes on pages 9 to 10 form part of these accounts.
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Thurrock Islamic Education & Cultural Association
Notes to the financial statements FOR THE YEAR ENDED 31 AUGUST 2023
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 treland (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.
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Thurrock Islamic Education & Cultural Association
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Notes to the financial statements
FOR THE YEAR ENDED 31 AUGUST 2023
2,023 2,022
4. Creditors: £ £
independent Examiner's fee 100 100
Creditors 550 550
650 650
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5. Trustees’ Remuneration:
None of the trustees were remunerated.
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