**Registered Charity Number: 1109296**
## **EDGWARE MUSLIM COMMUNITY CENTRE**
**FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2023**
## **ASAD RAHIM & CO.**
**CHARTERED CERTIFIED ACCOUNTANTS 8 PARK WAY EDGWARE MIDDLESEX HA8 5EZ**
## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 NOVEMBER 2023**
The trustees present their annual report and financial statements for the year ended 30 November 2023 and confirm that they comply with the Charities Act 1993, as amended by the Charities Act 2006 and the Charities SORP 2005.
## **Board of Trustees**
Mr Mayeen Uddin Ahmed Mr Mizanur Rahman Mr Abdul Aziz Mr Hussain Ahmed Mr Misbabul Bor
## **Charity Registration No. 1109296**
## **Address:**
48 High Street Edgware Middlesex HA8 7EQ
## **Contact:**
Mr Mayeen Uddin Ahmed
## **Governing Document**
Edgware Muslim Community Centre is constituted as a charity and registered with the Charity Commission on 3 May 2005. The constitution was adopted on 25 March 2005 and amended on 7 September 2012.
## **Aims and Objectives**
The aims and objectives of the charity are:
- The advancement of the religion of Islam in accordance with the tenets and doctrines of religion of Islam.
- The advancement of the education of Muslim children in accordance with the tenets and doctrines of the religion of Islam.
- The relief of such members of the Muslim community who are poor and needy.
- Arrange prayer facilities for the local Muslim community.
## **Structure of the Organisation**
The charity’s trustees are responsible for management of the charity. The trustees give their time freely and receive no remuneration or any other financial benefits. The trustees meet together as a body on a regular basis and are responsible for making decision in relation to running the
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organisation effectively. The trustees have set up a managing committee for the smooth running of the charity and to maintain its day to day finances.
The existing trustees are responsible for appointment of new trustees but they consider nominations only recommended by the local community leaders as well as by the managing committee. The trustees believe this method is very effective way to build strong relationship between the charity and the local community where the charity operates.
## **Risk Management**
The trustees have assessed the risks the charity faces and review these risks regularly at their meeting and confirm that systems are in place in order to manage these risks and necessary steps can be taken to manage the risks that have been identified.
## **Financial Review and Investment Policy**
The charity no long term investment. The charity’s cash are held in UK bank current accounts.
## **Trustees Responsibilities to the Financial Statements**
The charity’s trustees are responsible for preparation of financial statements in accordance with applicable law to charities in England and Wales which gives true and fair view of the state of affairs of the charity during the financial year. In preparing the financial statements, the trustees are required to:
- Select suitable accounting policy and the apply them consistently;
- follow the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 1 June 2024 and signed on their behalf by:
## **Mayeen Uddin Ahmed**
## **Chair of Trustees**
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## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **INDEPENDENT EXAMINER’S REPORT**
## **TO THE TRUSTEES AND MEMBERS**
We report on the financial statements of Edgware Muslim Community Centre for the year ended 30 November 2023, which set out on pages 4 to 7.
## **Respective Responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis on Independent Examiner’s Statement**
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Asad Rahim & Co.**
Chartered Certified Accountants
8 Park Way Edgware Middlesex HA8 5EZ
## **1 June 2024**
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## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 30 NOVEMBER 2023**
**----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Incoming Resources
Donations and Subscriptions 103,307 103,307 88,903
Charitable Donations 10,000 10,000 5,688
Total Incoming Resources 103,307 10,000 113,307 94,591
Resources Expended
General Rates 7,298 7,298 5,116
Staff Wages 23,467 23,467 21,588
Insurance 1,379 1,379 1,299
Light and Heat 11,890 11,890 7,213
Charitable Donations 6,465 6,465 5,688
Telephone 845 845 871
Repairs and Maintenance 31,766 31,766 26,716
Bank Charges 410 410 438
General Administration 145 145 89
Depreciation on Fixtures & Equipment - - 349
Total Resources Expended 77,200 6,465 83,665 69,367
Net Movement in Funds 26,107 3,535 29,642 25,224
Total Funds Brought Forward 1,130,317 - 1,130,317 1,105,093
Total Funds Carried Forward 1,156,424 3,535 1,159,959 1,130,317
There were no recognised gains and losses for the year other than stated in the statement of
financial activities above. All incoming resources and resources expended derived from
continuing activities.
**----- End of picture text -----**
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## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **BALANCE SHEET**
## **AS AT 30 NOVEMBER 2023**
||**Note**|**2023**|**2022**|
|---|---|---|---|
|**Fixed Assets**||||
|Tangible Assets|2|965,836|966,836|
|**Current Assets**||||
|Debtors||40,000|40,000|
|Cash at Bank||154,123|124,482|
|||_________|_________|
|**Net Assets**||1,159,959|1,130,318|
|||=========|=========|
|**The Charity’s Fund**||||
|Unrestricted General Funds|3|1,159,959|1,130,318|
|||=========|==========|
Approved by the trustees and signed on their behalf by:
**Mayeen Uddin Ahmed Chair of Trustees**
## **Date: 1 June 2024**
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## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2023**
## **1. Accounting Policies**
## **1.1 Basis of Accounting**
The financial statements have been prepared under the historic cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) Issued in March 2005, and applicable to UK Accounting Standards and the Charities Act 1993.
## **1.2 Incoming Resources**
Unrestricted funds are those are received by way of donations at their own discretion and the trustees are free to use these funds for any purpose in advancement of the charity and charitable objects.
Restricted funds are those to be used in accordance with specific restrictions imposed by the donor and for the purpose which donation was collected.
## **1.3 Resources Expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. All expenditures are taken into consideration on an accruals basis and have been classified under appropriate heading in the statement of financial activities.
## **1.4 Value Added Tax**
Value added tax is not recoverable by the charity and charged against the category of the resources expended for which it was incurred.
## **1.5 Tangible Fixed Assets and Depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided to write off cost of the asset over its expected useful life. The following rates apply:-
Fixtures and Equipment - 10% straight line
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## **EDGWARE MUSLIM COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 30 NOVEMBER 2023**
## **2. Fixed Assets: Tangible Assets**
**----- Start of picture text -----**
Cost Fixtures & Land & Total
Equipment Building
Balance Brought Forward 3,495 965,831 969,326
3,495 965,831 969,326
Depreciation
Balance Brought Forward 3,490 - 3,490
Charge for year - - -
3,490 - 3,490
Net Book Value
At 30 November 2023 5 965,831 965,836
At 30 November 2022 5 965,831 965,836
**----- End of picture text -----**
|||||||**2023**||**2022**|
|---|---|---|---|---|---|---|---|---|
|**3. General Reserve Funds**|||||||||
|Balance Brought Forward||||||1,130,318||1,105,093|
|Add: Income||||||113,307||94,591|
|Less: Expenses||||||(83,666)||(69,366)|
|**Total Funds**||||||1,159,959||1,130,318|
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