Thurrock Islamic Education & Cultural Association Charity number 1088656 FINANCIAL STATEMENTS FOR THE Year Ended 31 August 2024 White Town Plus Certified Praclising Accountants 8 Cromwell Cenlre 32 Thames Road. Barking, Essex IG11 OHZ Page-1
Thurrock Islamic Education & Cultural Association Year Ended 31 August 2024 Contents: Page no Report of the trustees Report of the Independent Examiner Statement of Financial Activities 8alance Sheel Notes lo the financial statements 9-10 Page-2
Thurrock Islamic Education & Cultural Association Year Ended 31 August 2024 Charity Infomiation Trust•es Lemon Uddin Chowdhury Helal Ali Mohammad Abdul Kalam Azad Chairman Secretary Treasurer Helal Uddin Monir Ali Siraj Ali Sirajul Islam Execitive member Execilive member Execitive member Execitive member Charity number 1088656 Principal Office Parkway Centre Park Road Grays, Essex RM17 6RB Independenl Examiner While Town Plus Certrfied Praclising Accounlanls 8 Cromwell Centre 32 Thames Road Barking, Essex IG11 OHZ Bank HSBC Bank Page-3
Thurrock Islamic Education & Cultural Association Trustees, Report Year Encled 31 August 2024 The Trustees present Iheir report and the financial statements for the year ended 31 August 2024. 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 charlly is lo provlde educational and cultural facilities lo Ihe young and adults muslims of shadwell and ils surroundings. To meet these objectives the chariiy seeks charitable donations and grants from the public al general arKi 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, lo monitor the day lo day running ol the charity. Trust•es andlor prlnclpal offlc•rn". The followring officers of the charity have held office fof the whole ol the year. Chairman Treasurer Secretary The trustees are eligible, in committee, to appoint additional Iruslees under the lerms of the conslilution. Actlvltles and Achlw•m•nts: During the ye8r the charity continued to collect donations from Ihe members of public as well as Friday jummah collection. There are continuous commitment from the users and members to sUPPOrt the charivs activities. The charity also provide social weFfare, educational and worship facilities and the number of users are increasing every year. Rovl•w of Transactions and Flnanclal Posltlon: With the committmentas indicated above, the financial position of the charity is very secure with net furKI of £472,919 as at 31 August 2024. Page-4
Thurrock Islamic Education & Cultural Association Year Ended 31 August 2024 Statement of Trustees, Responsibilities. Under the Charities Act 1993 , the trustees are required to prepare a stslements 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.. selecl suitable accounling polictes and apply them consistently, make judgements and eslimales that are reasonable and prudent, slate whether applicable accounting standards and statements fecommended praclice have been followed, subjecl lo any material departures disclosed and explained in the statements of accounts. prepare the financial statements on Ihe going concern basis unless il is inappropriate lo presume thal Ihe charity 11 continue its operations. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time Ihe financial position of the charity al that lime and lo enable the trustees to ensure that any statement of account prepared by them complies with the regulalions under section 42(1) of the Charities Act 1993. They are also responsible for safeguarding ihe assels of the trust and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularitS Approved by ihe Truslees on 23 December 2024 Signed .on their behalf Helal All Secretary Page-5
Independent Examiner's Report to the Trustees of Thurrock Islamic Educalion & Cultural Association Year Ended 31 August 2024 We have examined the accounts and statements on pages 7 10 8, which have been prepared on Ihe basis of accounting policies sel oul on page 9. R•$p•ctlve re$pon8lbllltlo8 of Trustees and Examlner.. 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. Bas1$ ol Examiner's Stalemenl: The accounls have been prepared under Ihe historical cosl convenlM)n and In accordance wilh FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small enlilies by seclion 1A of the standard). Examln•r's Slatement: Bases on our examinations, no matter has come to our attention which gives us reasonable cause 10 believe Ihat in any material respect accounting records have not kept in accordance with section 41 of the CharitEs Act 1993. or that the accounts presented do not accord wilh those records or comply with Ihe accounting requirements of Ihe Charities Acl 1993. No matter has come lo our attention in connection with Ouf examination to which, in our opinion. altention should be drawn to enable a proper understanding of the accounts. While Town Plus Certrfied Practising Accountants 23 December 2024 Page-6
Thurrock Islamic Educatlon & Cultural Association STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 (All Income and expenses are unrestricted) 2024 2023 Notes IN OMIN RCE Friday Collections & Oiher 163,109 90,229 163.109 90,229 RE CE xp Staff costs Rates Insurance Gas & Electricity Accounlanl Telephone Legal and professional 17.400 5,717 24.178 1.592 1,094 4,612 400 461 71 4,058 400 1.714 1,977 L il Donallon Bank charges Slalionary & postsge Repairs & Renewals Website design Equipment hi Depreciation on fixtures. fittings & equipment 4.019 697 370 2,659 2.200 654 4.662 4.952 630 63 138 714 46.526 38.904 MET INCOME OVER THE EXPENDITURE FOR THE YEAR 116,583 51,325 Funds blf 356,337 305,013 Total Funds 472919 356 337 The notes on pages 9 to 10 fom part of Ihese accounts. Page-7
Thurrock Islamic Education & Cultural Association FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes FIX Land and building Add: Improvement lo building Fixture. fitts'ngs and equipment 30,469 457.657 30.489 488.126 21,238 sog,364 30,469 Cash at Bank 53.546 562,910 326,518 356,987 redl Amount falling due wthin one year 39,991 nt 522,919 356,987 r•dl Amount falling due more than one year 50,000 N•t 472,919 356,987 Unrestrlcled funds 472,919 356,337 472,919 356,337 Approved by the Boafd of Trustees on 23 December 2024 and signed on it's behalf by Lemon Uddin Chowdhury Chairman Helal Ali Secretsry The notes on pages 9 10 10 form part of these accounts. Page-8
Thurrock Islamic Education & Cultural Assoclation Notes to the flnanclal statements FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng Pollcles 1.1 Bas18 of prtparation of accounts: The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Slandard applicable in the UK and Republic of Ireland {as applied lo small entities by séction 1A ol the standard). 1.2 Donatlons r•c•lvabl•: Donations for immediatè èxpenditure are accounted for whèn th8y become receivable. Page-9
Thurrock Islamic Education & Cultural Assoclation Notes to the financial statements FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 2. Credltor8: Amount falling due wilhin one year Independent Examinar's fee Taqwa Carpel P. Lull Building & Maintenance Ltd PAYE 100 12.900 26,041 550 39.591 550 650 3. Credltor$: Amount falling due more than one year Olher Loan 50,000 4. Tru•t••8' R•mun•ratlon: None of the trustees were remunerated. Page- 10