2024-12-31-accounts - Bow Muslim Cultural Centre

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BOW MUSLIM CULTURAL CENTRE 246 BOW ROAD, BOW, LONDON E3 3AP

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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Prepared By:
SETTLE AEE RL BELL RO EE Eg en ee ETT
certified practicing accountants
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BOW MUSLIM CULTURAL CENTRE FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS		Page
Information offinancial Statements	:	1
Report ofthe Executive Committee	:	2
Statement ofresponsibilities ofthe Committee	:	3
IndependentExaminer's Report	:	4
Income andExpenditure Accounts	:	5
Statement ofAssets and Liabilities	:	6
NotestotheAccounts	‘	7

BOW MUSLIM CULTURAL CENTRE INFORMATION OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

MANAGEMENT COMMITTEE

CHAIRMAN

Mr. Kutub Uddin Ahmed Shikder

SECRETARY

Mr. Mahbub ul Amin

TREASURER

Mr. Amir Uddin Ahmed

ADDRESS

246 Bow Road Bow London E3 3AP

BANKER

Barclays Bank PLC

INDEPENDENT EXAMINER

Abu Taher

AFA,MIPA, ICPA MAHI & CO Certified Practising Accountants 83-85 Nelson Street London E1 2HN

Page 1

REPORT OF THE EXECUTIVE COMMITTEE

BOW MUSLIM CULTURAL CENTRE

FOR THE YEAR ENDED 31 DECEMBER 2024

The Management Committee has the pleasure in presenting their report and the Financial Statements reviewed by the independent examiner for the year ended 31 December 2024.

GOVERNING

The organisation is managed by Management Committee according to the organisation's constitution, elected by the general members to oversee the overall activities and to monitor the day to day running of the organisation.

OBJECTIVE OF BOW MUSLIM CULTURAL CENTRE

The main objective of the organisation is to promote Islamic services to the Community with the provission of mother tounge and Arabic Classes for the age of 6-16 years children.

In addition to the regular activities, the Centre Provides advisory services to the local community.

THE MANAGEMENT COMMITTEE

The Management committee who serve the Charity during the year were as follows:

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||||| |---|---|---|---| |MR KUTUB|UDDIN AHMED|SHIKDER|CHAIRMAN| |MR MAHBUB|UL|AMIN|SECRETARY| |MR AMIR UDDIN AHMED|TREASURER| |MR SADEQUE UL AMIN|MEMBER| |MR KAMIL|HUSSAIN|SHIKDER|MEMBER|

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BOW MUSLIM CULTURAL CENTRE FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENTS OF RESPONSIBILITIES OF THE TRUSTEES

Law applicable to charities in England & Wales requires the Committee to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year of its financial position at the end of the year. In preparing those financial statements, the Committee is required to:

A) Select suitable accounting policies and apply them consistently;
B) Make judgments and estimates that are reasonable and prudent,
C) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
D) Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Management Committee is responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. 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

INDEPENDENT EXAMINER

According to the provissions of the Charities Act 1993, the Committee has agreed that an audit is not required for this financial year. However ,due to provissions of the same act an independent examiner is required.

Mr Abu Taher of Mahi & Co will be appointed as an independent examiner for the ensuing year.

APPROVALThis report was approved by the Trustees on 01.10 +202 5704 signed on their behalf

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INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS TO THE TRUSTEE OF BOW MUSLIM CULTURAL CENTRE

In accordance with the general directions gven by the Charity Commission we have compiled the Financial Statements comprising Income and Expenditure account for the year ended 31 December 2024 and Statement of Assets and Liabilities as on that date.

The trustees consider that an audit is not required for the year under section 43(2) of the charity Act 1993. The Procedures we have undertaken do not provide all the evidevce that would be required in an audit therefore no opinion is given as to whether the accounts present a ‘true and fair' view.

AHI & CO Certified Practising Accountants 83-85 Nelson Street London El 2HN

Date: sevacstvesssasaxeononrasacvatioacvavesienys

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BOW MUSLIM CULTURAL CENTRE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|—|Restricted|Total| |£|£|£|£| |INCOME| |Friday|Collection|29,400|-|29,400| |Rent|received|-|.| |Box|Collection &|Spinner|500|-|500| |Madrasha|-|-| |Sunday|Collection|-|-| |Eid|-adha-collection|-|-| |EID|Jamat|Collection|-|-| |Interest|Received|-|-| |Card|Machine|Transfer|-|.| |Calender|Sale|-|-|-| |Other Donation Received|60,771|-|60,771| |90,671|-|90,671|90,671| |LESS:|EXPENDITURE| |Rent & Rates|55,500|-|55,500| |Water|4,122|-|4,122| |Wages|9,141|-|9,141| |Bank|charges|-|-|0| |Cleaning|-|.|0| |Printing,|postage|and|stationeries|1,205|-|1,205| |Telephone|709|709| |Repairs|5,383|-|5,383| |Light|and Heat|11,712|-|11,712| |Legal & Professional|Fees|-|-|0| |Accountancy|900|-|900| |Sundry Expenses|0|-|0| |88,671|-|88,671|88,671| |Total|Net|Income|2,000| |Excess|of Expenditure|over Income|2,000|

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BOW MUSLIM CULTURAL CENTRE

STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 DECEMBER 2024

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2024
£
Fixed Assets
Fixtures and Fittings 20686
Plant & Buildings 412,851
433,537
Current Assets
Cash at Bank & in Hand 29,506
Debtors -
29,506
CREDITORS
Amount falling due within one year 3 12,990
NET CURRENT ASSETS / (LIABILITIES) 16,516
CREDITORS
Amount falling due after more than a year 4 268,514
TOTAL ASSETS LESS LIABILITIES 181,539
FUNDS:
Balance B/F 179,539
Income and Expenditure Account 2,000
Total Funds 181,539
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BOW MUSLIM CULTURAL CENTRE FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

The financial statements have been compiled in accordance with the general directions given by the Charity Commission and with the Statements of recommended Practice.

a. Basis of Accounting

The accounts have been prepared under the historical cost convention of accounting. b. Grants

Revenue grants are credited to the Income and Expenditure account on a receivable basis. c. Donations Donations are recorded on a receipt basis. d. Depreciation

No Depreciation to be charged on Fixtures and Fittings and Building Construction.

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|||||||| |---|---|---|---|---|---|---| |2.|FIXED ASSETS|F&F|PLANT|& BUILDING|Total| |COST| |£|£|£| |At|||January|2023|20,686|412,851|433,537| |Addition|During|the year|-|-|-| |At|31st December 2024|20,686|412,851|433,537| |DEPRECIATION| |At|1|January 2023|-|-|-| |Charge|for the year|-|-|-| |At|31st|December|2024|-|-|-| |NET|BOOK VALUE| |At|1|January 2023|20,686|412,851|433,537| |At|31st December 2024|20,686|412,851|433,537| |3.|CREDITORS| |Amount|failing|due within|one year| |PAYE|10,637| |Accountancy|500| |Wages|1,853| |CREDITORS|12,990|

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4.CREDITORS

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||||||| |---|---|---|---|---|---| |Karze|Hasana| |Balance B/Fwd|at|01|January|2024|268,514| |Received|during|the year| |268,514| |Amount repaid|during|the Year|0|

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268,514
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