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2024-03-31-accounts

The Charity Registration Number is :- 1097565

Assunah Islamic Centre

Report and Accounts

31 March 2024

Assunah Islamic Centre

Report and accounts for the year ended 31 March 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 8
Independent Examiner's Report 10
Funds Statements:-
Statement of Financial Activities 12
Statement of Financial Activities - Prior Year statement 13
Movements in funds 14
Revaluation reserves 14
Revenue Funds 14
Income and Expenditure account 15
Summary of funds 15
Balance sheet 16
Notes to the accounts 17

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024.

Reference and administrative details

The charity name.

The legal name of the charity is:- Assunah Islamic Centre

The charity is also known by its operating name, Assunnah Islamic Centre

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1097565

Legal structure of the charity

The governing document of the charity is the Trust Deed establishing the charity.

The Governing Document is dated 21 April 2002

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

565A/567A High Road

London

N17 6SB

Telephone 02088087951 Email Address info@assunnah.co.uk Web address www.assunnah.co.uk

The Trustees in office on the date the report was approved were:-

Mr Mohamed Abdulle, Mr Khalif Warsame, Mr Habib Hussein Mohamed, and Dr Omar Ugas.

The following persons served as Trustees during the year ended 31 March 2024 :-

Mr Xuseen Sabriye Abdi Weli (resigned on 12/11/2024), Mr Dahir Tifow (resigned on 11/11/2024), Mr Mohamed Abdulle, Mr Khalif Warsame, Mr Habib Hussein Mohamed, Dr Omar Ugas and Abdullahi Ahmed Mohamud (resigned on 29/10/2023).

1

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The objects are set out in the charity's trust deed and are summarised:

1-Safeguarding Somali culture in the UK,

2-Advancement of religion & education in accordance with tenants & doctrines of Islam,

3-Charitable activities for interest of Somalis in the UK,

4-Place of worship for benefit of the public, youth training, Islamic education, health & education seminars, Islamic counselling and mentoring

The main activities undertaken in relation to those purposes during the year.

Trustees have reviewed their activities throughout the year and are satisfied that they acted in accordance to their objects and have met their aims and objectives.The Trustees considered all options for the best use of the funds in advancement of the Objects

1-Primary school and nursery

2-Evening and weekend classes

3-Assunah youth programs

4-Annual Islamic conference

5-Islamic lessons and lectures

6-Women activities 7-Prayer facilities 8-Ramadan Taraweeh prayers and programs

9-Eid ul Adha and Eid ul Fitr prayers and celebrations 10-Advice and counselling 11-Civil marriage

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The strategy for the year has been to consider favourable applications that matched the Charity’s Objects. The Trustees endeavour to make the best use of the monies available from the funds of the Charity.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The Charity is established for purposes which benefit the beneficiaires and the wider public.

The Charity’s public benefit is enshrined in its charitable Objects. The charity will not discriminate on the grounds of any characteristic protected by the Equality Act or any other relevant legislation.

2

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

The short term and longer term aims and objectives.

We have out extra focus on combatting terrorism and explaining the dangers of these evil thoughts, social grooming and exposing the individuals and groups engaged in this activity as these extreme ideologies have nothing to do with the religion of Islam as the word Islam comes from the Arabic root word salaam which means peace.

We have encouraged our community to raise money for good causes for those in desperate need of basis human necessities such as food and medicine for areas affected around the world and especially those affected by war and severe natural disasters.

All around the year, we have attendees to our events from London and other local areas that come from all over the world including many countries in Europe, Africa and Asia. We have facilitated the interaction of these multiple communities, building stronger communities and understanding among these diverse groups.

The charity's strategies for achieving its aims and objectives in the future.

The community centre is an active participant in local affairs such as Police, Council and Local Schools. We are a full member of Haringey Muslim Network Forum. We are also a member of Muslim Council of Britain (MCB) and Association of Muslim Schools (AMS). We will be working with our partners in order to achieve objectives of the charity in short/mid term plans.

The main achievements and performance of the charity during the year.

Primary School and Nursery

We continue improving the facilities and quality of education of our pupils. Both the Primary and Nursery improved in terms of student achievements and in terms of staff developments.

Evening and Weekend Classes

We have Evening and Weekend classes with over 700 students each week ranging for 6 years to 16 years old teaching Islam, Arabic and Citizenship.

Assunnah Youth

Assunnah Youth is a branch of Assunnah Islamic Centre run by the youth themselves (boys and girls) and supported by the Management where they organise and deliver their own tailor made programs throughout the year. They have their own lessons on the weekends and some on evening. They organise special sessions to advice youngsters on education, social issues, relationships, gangs and drugs, extremism and others.

Our aim remains to help the young Muslims who need qualifications, experience and good discipline. Long term ambition of the Centre is to build the self-confidence of the community in their faith and through our facilities and activities help make a peaceful, vibrant and harmonious community.

3

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

Fundraising activities during the year.

The charity relies on grant aid from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

Islamic Lessons

There are permanent Islamic lessons (Tafserul Qur'an, Hadith, Fiqh and others) held on our Centre for the weekends and evenings for the general public where a lot of people attend.

Women's Activities

The Centre provides separate building for the women to use and organise their own programs. They have lessons on Sundays and weekday's evenings as well as other sessions for socialisations and supports.

Prayer Facilities

During the year, by the help of Allah (SWT), we have managed to open the mosque to the musallis for the five daily and Friday prayers which attract local men, women and children.

The degree to which the achievements and performance during the year have benefited wider society.

The charity benefits the wider society by enhancing facilities at school, madressah, and masjid. In addition some grants are awarded to enable students to undertake community work and volunteering opportunities.

The significant charitable activities undertaken in the year.

Advice and Counselling

We run advice and counselling session to community and families throughout the year. Our Muslim community has benefited hugely from this service. We offer drop in sessions as well as advice over the phone.

Marriage Service

The Centre is registered to solemnise marriage (Nikkah) and the Imam has solemnised and registered the marriage for various community during the year.

4

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The new appointment of trustee is made by the relevant body of trustees. In the event of a vacancy the nominating body will appoint a new Trustee.

The policies and procedures for the induction and training of trustees.

New Trustees are briefed by a fellow Trustee after appointment. Trustees are able to attend annual training led by legal and accountancy advisers.

The charity's organisational structure.

In the year under review the Charity had seven (7) trustees all of whom are volunteers. The trustees have overall control and responsibility for policy and major decision making.At the time of signing this report, the number of trustees has been reduced to 4.

Day-to-day management and responsibility for implementing policies is carried out by a full-time General Manager, in addition there is also 1 additional part time admin assistant.

How the charity makes decisions and how decisions are delegated.

Decision relating to the Trust are taken by the managing Trustees in accordance with the rules in the Trust deed. Decision are made by a simple majority of votes, the Chairman having a casting vote in the event of a tie. A quorum of minimum 2/3 (two third) trustees exists at the moment.

5

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

The Chief Executive Officer and other senior management personnel to whom day to day management is delegated

The Trustees are volunteers and do not receive payment for fees or expenses.

Setting pay and remuneration of key management personnel

Through consultation and considering the factors in prevailing job market.

The charity's relationships with related parties.

"None"

Bankers Barclays Bank Plc, Leicester, LE87 2BB.

Birchtree Sullivan Chartered Certified Accountants, Unit 301, Lock Studios, 7 Accountants Corsican Square, London, E3 3YD.

Financial review

The charity's financial position at the end of the year ended 31 March 2024

The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net expenditure		 2024
£
(6,361)
1,251,312
1,251,312		 2023
£
(47,210)
1,257,673
1,257,673

Financial review of the position at the reporting date, 31 March 2024 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

6

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

Policies on reserves.

The aim of the Trustees has been that income should exceed expenditure so that the revenue balance is increased over time so that future capital expenditure should be met.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Significant events which have affected the financial performance and the financial position.

None

Risks and uncertainties facing the charity.

1- Potential expose to financial mis-management, mitigated through a monthly examination of the accounts, and

2- Appropriate licenses in place to avoid exposure to prosecution.

Factors likely to affect future financial performance .

None

Principal funding sources in the year and how these support the key objectives of the charity.

Individual donations, institutional grants, and Gift Aid.

These voluntary donations has tremendously helped the charity to meet its objectives during the period.

7

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

The Trustees expect their policies and operations to remain largely unchanged in the over the next year.

Imran Asif FCCA

Member of Chareterd Certified Accountants

Unit 301 Lock Studios 7 Corsican Square London E3 3YD

Statement of Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

8

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2024

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 31 December 2024.

Dr Omar Ugas (Mon, 13th Jan 2025 17:41:35 GMT)

Dr Omar Ugas Chairman

9

Assunah Islamic Centre

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 16 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out in the notes provided.

Respective responsibilities of the Trustees and the Independent Examiner

As described on page 8, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

10

Assunah Islamic Centre

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Imran Asif FCCA - Independent Examiner

Chareterd Certified Accountants

Unit 301 Lock Studios 7 Corsican Square London E3 3YD

This report was signed on 31 December 2024

11

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities for the year ended 31 March 2024

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other
A5
Total income
A
Expenditure on:
Charitable activities
B2
Prior Year Adjustment
B3
Total expenditure
B
Net expenditure for the year
Net income after transfers
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref		 Current year
Unrestricted Funds
2024
£
508,543
226,756
-
735,299
741,660
-
741,660
(6,361)

(6,361)
(6,361)
1,257,673
1,251,312
 Current year
Restricted Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
508,543
226,756
-
735,299
741,660
-
741,660
(6,361)
(6,361)
(6,361)
1,257,673
1,251,312		 Prior Year
Total Funds
2023
£
420,276
173,430
9,541
603,247
646,697
3,760
650,457
(47,210)
(47,210)
(47,210)
1,304,883
1,257,673

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 17 to 29 form an integral part of these accounts.

12

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2024

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Prior Year Adjustment
B3
Total expenditure
B
B4
Net expenditure for the year
Transfers between funds
C
Net income after transfers
Other recognised gains/(losses)
D1
D2
D3
D3
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
Net actuarial gains on defined
pension benefit schemes
SORP
Ref
Extraordinary items
Net gains on revaluation of fixed
assets
Net gains on investments
Costs of fundamental
reorganisation or restructuring		 Prior Year
Unrestricted Funds
2023
£
583,651
-
932
-
-
584,583
1,700
560,001
-
-
561,701
-
22,882
-
22,882
-
-
-
-
-
22,882
1,304,883
1,327,765

 Prior Year
Restricted Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2023
£
420,276
173,430
-
-
9,541
603,247
-
646,697
-
3,760
650,457
-
(47,210)
-
(47,210)
-
-
-
-
-
(47,210)
1,304,883
1,257,673

All activities derive from continuing operations

13

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2024

Statement of Total Recognised Gains and Losses for the year ended 31 March 2024

----- Start of picture text -----
2024 2023
£ £
Deficit for the year :-
Net excess of income over expenditure from operations before tax (6,361) (43,450)
Income from operations before tax in the Statement of Financial Activites (6,361) (43,450)
Net Movement in funds before taxation (6,361) (43,450)
Taxation arising in the year - (3,760)
Funds generated in the year as shown on Statement of Financial Activit (6,361) (47,210)
The notes attached on pages 17 to 29 form an integral part of these accounts.
----- End of picture text -----

Assunah Islamic Centre - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2024
£
(6,361)
(6,361)		 2023
£
(47,210)
(47,210)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 17 to 29 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 March 2024

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2024
£
1,257,673
(6,361)
1,251,312
1,251,312
Unrestricted
and
Designated funds
2024
£
1,251,312		 Restricted
Funds
2024
£
-
-
-
-
Restricted
Funds
2024
£
-		 Total
Funds
2024
£
1,257,673
(6,361)
1,251,312
1,251,312
Total
Funds
2024
£
1,251,312		 Last year
Total Funds
2023
£
1,304,883
(47,210)
1,257,673
1,257,673
Last Year
Total Funds
2023
£
1,257,673

The notes attached on pages 17 to 29 form an integral part of these accounts.

14

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2024

Assunah Islamic Centre

Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Prior Year PAYE Adjustment
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2024
£
735,299
-
735,299
735,299
740,076
1,584
-
741,660
(6,361)
-
(6,361)
(6,361)		 2023
£
593,706
9,541
603,247
603,247
643,337
3,360
-
646,697
(43,450)
3,760
(47,210)
(47,210)

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 17 to 29 form an integral part of these accounts.

15

Assunah Islamic Centre - Balance Sheet as at 31 March 2024

Note
SORP
Ref
Fixed assets
A
Tangible assets
9
A2
Current assets
B
Debtors
B2
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
11
C1
Net current assets
Creditors: amounts falling due after more
than one year
12
C2
The total net assets of the charity
Restricted funds
Unrestricted Funds
Unrestricted Revenue Funds
17
D3
Designated Funds
Total charity funds
The total net assets of the charity are funded by the
Total assets less current liabilities
2024
£
1,217,586
25,301
110,010
135,311
(76,395)
58,916
1,276,502
(25,190)
1,251,312
1,251,312
1,251,312
funds of the charity, as foll		 2023
£
1,217,586
-
108,099
108,099
(40,822)
67,277
1,284,863
(27,190)
1,257,673
1,257,673
1,257,673
ows:-

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

TheThe Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Dr Omar Ugas (Mon, 13th Jan 2025 17:41:35 GMT)

Dr Omar Ugas Chairman Approved by the board of trustees on 31 December 2024

The notes attached on pages 17 to 29 form an integral part of these accounts.

16

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Estimation techniques used in apportioning costs - give details

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

17

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over estimated useful lives.

Freehold premises 0 % WDV
Fixture and fittings 6 % WDV
Plant and machinery 20 % WDV
Motor vehicles 25 % WDV

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net (deficit)/surplus before tax in the financial year

Pension costs
5
Prior year adjusments
Prior year adjusments
The net (deficit)/surplus before tax in the financial year is stated after charging:-		 2024
£
250
2024
£
-		 2023
£
400
2023
£
3,760

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

18

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024

7 Staff costs and emoluments

Salary costs
2024
£
Gross Salaries excluding trustees and key management personnel
552,756
Employer's National Insurance for all staff
16,862
250
Trustees' Remuneration as detailed in note 0
-
Total salaries, wages and related costs
569,868
Numbers of full time employees or full time equivalents
2024
The average number of total staff employed in the year was
55
The average number of part time staff employed in the year was
52
The average number of full time staff employed in the year was
3
The estimated full time equivalent number of all staff employed in the year was
29
The estimated equivalent number of full time staff deployed in different activities in the year was:-
Engaged on charitable activities
28
Engaged on management and administration
1
The estimated full time equivalent number of all staff employed as above
29
Employer's operating costs of defined contribution pension schemes		 2023
£
480,682
15,323
400
-
496,405
2023
57
53
4
25
24
1
25

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

The remuneration in the year year was
Highest paid employee
Total remuneration package included in total salaries above		 31,996
31,996
30,000

30,000

8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

19

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024

9 Tangible fixed assets

Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
10 Debtors due after one year
Loan Receivable
11 Creditors: amounts falling due within one year
Accruals
PAYE, NIC VAT and other taxes
Other creditors
12 Creditors: amounts falling due after one year
Other creditors
13 Loans to trustees included in debtors
None		 Land and
Buildings
£
1,232,861
1,232,861
15,275
15,275
1,217,586
1,217,586		 Plant &
Machinery
£
-
-
-
-
-
-		 Motor
Vehicles
£
-
-
-
-
-
-
2024
£
25,301
25,301
2024
£
4,476
28,327
43,592
76,395
2024
£
25,190		 Total
£
1,232,861
1,232,861
15,275
15,275
1,217,586
1,217,586
2023
£
-
-
2023
£
3,360
33,027
4,435
40,822
2023
£
27,190

13 Loans to trustees included in debtors

14 Guarantees made by the charity on behalf of trustees

None

20

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024

15 Income and Expenditure account summary
At 1 April 2023
Loss after tax for the year
At 31 March 2024		 2024
£
1,257,673
(6,361)
1,251,312		 2023
£
1,304,883
(47,210)
1,257,673

16 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2024
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
Long Term Liabilities
At 1 April 2023
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
1,217,586
135,311
(76,395)
(25,190)
1,251,312
Unrestricted
funds
£
1,217,586
108,099
(40,822)
(27,190)
1,257,673		 Designated
funds
£
-
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
1,217,586
135,311
(76,395)
(25,190)
1,251,312
Total
Funds
£
1,217,586
108,099
(40,822)
(27,190)
1,257,673

17 Change in total funds over the year as shown in Note 16 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Total charity funds		 £
1,257,673
1,257,673
1,257,673
Funds brought
forward from
2023		 See Note 18
£
(6,361)
(6,361)
(6,361)
Movement in
funds in 2024		 See Note 0
£
-
-
-
Transfers
between
funds in 2024		 £
1,251,312
1,251,312
1,251,312
Funds
carried
forward to
2025

21

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2024 18 Analysis of movements in funds over the year as shown in Note 17

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Income
2024
£
735,299
735,299		 Expenditure
2024
£
(741,660)
(741,660)		 Other
Gains &
Losses
2024
£
-
-		 Movement
in funds
2024
£
(6,361)
(6,361)

Gains and losses are detailed in notes 0,0, 0, 0 and 0

19 The purposes for which the funds as detailed in note 17 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds Unrestricted Revaluation Reserve Designated Revenue Funds Designated Fixed Asset Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

N/A

N/A

Restricted funds:-

Restricted Fixed Asset Funds Restricted Revaluation Reserve

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.

20 Ultimate controlling party

The charity is under the control of its legal members.

22

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

21 Donations and Legacies

Current year
Unrestricted
Funds
2024
£
Donations and gifts from individuals
283,801
283,801
Revenue grants from government and public bodies
166,617
-
166,617
Revenue grants and donations from non public bodies
58,125
58,125
Gift Aid
-
-
Total Donations and Legacies
A1
508,543
Total private sector revenue grants
Gift Aid
Small donations individually less than
£1000
Real Impact Social
Total donations and gifts from
individuals
Haringey NHS
Total Gift Aid
Total public sector revenue grants
Haringey Council		 Current year
Restricted Funds
2024
£
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
283,801
283,801
166,617
-
166,617
58,125
58,125
-
-
508,543		 Prior Year
Total Funds
2023
£
219,637
219,637
145,853
50,833
196,686
-
-
3,953
3,953
420,276

23

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

22 Income from charitable activities - Trading Activities

Primary purpose and ancillary trading
23
Total income from charitable trading
Total from charitable activities
A2
24 Other income and gains
Summary of Other income
Total other income
A5
Total Income from charitable activities
SMP Grant
Total Primary purpose and ancillary
trading
School Fee		 Current year
Unrestricted
Funds
2024
£
226,756
226,756
Current year
Unrestricted
Funds
£
2024
226,756
226,756
Current year
Unrestricted
Funds
2024
£
-
-		 Current year
Restricted Funds
2024
£
-
-
Current year
Restricted Funds
£
2024
-
-
Current year
Restricted Funds
2024
£
-
-		 Current year
Total Funds
2024
£
226,756
226,756
Current year
Total Funds
£
2024
226,756
226,756
Current year
Total Funds
2024
£
-
-		 Prior Year
Total Funds
2023
£
173,430
173,430
Prior Year
Total Funds
£
2023
173,430
173,430
Prior Year
Total Funds
2023
£
9,541
9,541

25 Expenditure on charitable activities - Direct spending

Total direct spending
B2a
Defined contribution pension costs -
charitable activities
Gross wages and salaries - charitable
activities
Employers' NI - Charitable activities
Travel and Subsistence - Charitable
Activities
Charitable Events/Activities		 Current year
Unrestricted
Funds
2024
£
552,756
16,862
250
2,250
35,930
608,048		 Current year
Restricted Funds
2024
£
-
-
-
-
-
-		 Current year
Total Funds
2024
£
552,756
16,862
250
2,250
35,930
608,048		 Prior Year
Total Funds
2023
£
480,682
15,323
400
654
-
497,059

24

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

26 Expenditure on charitable activities- Grant funding of activities

Current year
Unrestricted
Funds
2024
£
5,811
Total grantmaking costs
B2c
5,811
Current year
Unrestricted
Funds
2024
£
Arrahmah Islamic
2,000
Islington Islamic
1,811
Humanity Care
2,000
Al Furqan
-
Al Rayan Foundation
-
Noor El Islam
-
Misc.
-
5,811
Breakdown of Grants made to organisations
Grants made to organisations		 Current year
Restricted Funds
2024
£
-
-
Current year
Restricted Funds
2024
£
-
-
-
-
-
-
-

-		 Current year
Total Funds
2024
£
5,811
5,811
Current year
Total Funds
2024
£
2,000
1,811
2,000
-
-
-
-
5,811		 Prior Year
Total Funds
2023
£
8,273
8,273
Prior Year
Total Funds
2023
£
-
-
-
1,171
2,520
2,918
1,664
8,273

27 Support costs for charitable activities

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2024 2024 2024 2023
£ £ £ £
Employee costs not included in direct costs
Training and welfare - staff 7,394 - 7,394 3,411
Premises Expenses
Rates and water charges 18,603 - 18,603 16,431
Light heat and power 15,935 - 15,935 13,870
Cleaning and waste management 7,605 - 7,605 5,031
Premises repairs, renewals and 1,884 - 1,884 12,682
Property insurance 5,809 - 5,809 5,477

25

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Administrative overheads
3,421
-
3,421
-
-
-
2,434
-
2,434
1,911
-
1,911
820
-
820
1,988
-
1,988
42,193
-
42,193
Professional fees paid to advisors other than the auditor or examiner
3,390
-
3,390
10,556
-
10,556
Financial costs
2,274
-
2,274
Support costs before reallocation
126,217
-
126,217
Total support costs
126,217
-
126,217
Stationery and printing
Software licences and expenses
Sundry expenses
Education Supplies & Chartiable
Other legal and professional
Bank charges
Accountancy fees other than
examination or audit fees
Equipment expenses
Telephone, fax and internet
Advertising and marketing		 3,597
3,762
1,083
1,622
592
708
62,115
780
4,901
1,943
138,005
138,005

The basis of allocation of costs between activities is described under accounting policies

28 Other Expenditure - Governance costs

Independent Examiner's fees
Reporting Accountant fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
1,584
-
1,584		 Current year
Restricted Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
1,584
-
1,584		 Prior Year
Total Funds
2023
£
1,440
1,920
3,360

26

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

29 Total Charitable expenditure

Total direct spending
B2a
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
30 Prior Year Adjustment
Prior Year PAYE Adjustment
Total Prior Year Adj
B3c
31 Total of other expenditure
Total Prior Year Adj
Total other expenditure
B3		 Current year
Unrestricted
Funds
2024
£
608,048
5,811
126,217
1,584
741,660
Current year
Unrestricted
Funds
2024
£
-
-
Current year
Unrestricted
Funds
2024
£
-
-		 Current year
Restricted Funds
2024
£
-
-
-
-
-
Current year
Restricted Funds
2024
£
-
-
Current year
Restricted Funds
2024
£
-
-		 Current year
Total Funds
2024
£
608,048
5,811
126,217
1,584
741,660
Current year
Total Funds
2024
£
-
-
Current year
Total Funds
2024
£
-
-		 Prior Year
Total Funds
2023
£
497,059
8,273
138,005
3,360
646,697
Prior Year
Total Funds
2023
£
3,760
3,760
Prior Year
Total Funds
2023
£
3,760
3,760

27

Assunah Islamic Centre

Activity analysis of Income and expenditure for the year ended 31 March 2024

This analysis is classsified by activity and not by conventional nominal descriptions.

32 Analysis of income by activity

SOFA ref
School Fee
Summary of Total Income, including the items above
Charitable activities
A2
Donations & Legacies
A1
Other income
A5
Total income as shown in the SOFA
A
Categories of income
Income from exchange transactions
Activity
Income from charitable activities		 2024
£
226,756
226,756
508,543
-
735,299
735,299		 2023
-
173,430
173,430
420,276
9,541
603,247
603,247

33 Analysis of charitable expenditure by activity

Direct costs
2024
£
Charitable activity
Direct costs
608,048
Employee costs not included in direct costs
-
Premises expenses
-
Administrative overheads
-
Professional fees
-
Financial costs
-
Grantmaking costs
-
608,048
Direct costs
2024
£
Total Charitable activity
608,048
-
608,048
Summary of charitable costs by
activity
Total Charitable activity
Total Governance costs as detailed in
Note 28
Total charitable expenditure
Activity		 Support
costs
2024
£
-
7,394
49,836
52,767
13,946
2,274
-
126,217
Support
costs
2024
£
126,217
1,584
127,801		 Grant
funding of
activities
2024
£
-
-
-
-
-
-
5,811
5,811
Grant
funding of
activities
2024
£
5,811
-
5,811		 Total
2024
£
608,048
7,394
49,836
52,767
13,946
2,274
5,811
740,076
Total
2024
£
740,076
1,584
741,660		 Total
2023
£
497,059
3,411
53,491
73,479
5,681
1,943
8,273
643,337
Total
2023
£
643,337
3,360
646,697

28

Assunah Islamic Centre

Activity analysis of Income and expenditure for the year ended 31 March 2024

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 29

Analysis of support and governance costs by charitable activities

Activity
Accountancy fee
Charitable activity
Grand Total
Summary of grant making by activity
Charitable activity		 Governance
1,584
-
1,584
Grants to
institutions
2024
£
5,811
5,811		 Finance
-
2,274
2,274
Grants to
individuals
2024
£
-		 Human
Resources
-
7,394
7,394
Support
costs
2024
£
-
-		 Other
Overheads
-
116,549
116,549
Total
2024
£
5,811
5,811		 Total
1,584
126,217
127,801
Total
2023
£
8,273
8,273

Fuller details of grants made and related costs, including support costs, are shown in note 26.

29