2024-11-30-accounts - Edgware Muslim Community Centre

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Registered Charity Number: 1109296

EDGWARE MUSLIM COMMUNITY CENTRE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

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 NOVEMEBR 2024

The trustees present their annual report and financial statements for the year ended 30 November 2024 and confirm that they comply with the Charities Act 2011 and Accounting and Reporting by charities SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Boar of Trustees

Mr Mayeen Uddin Ahmed Mr Mizanur Rahman Mr Abdul Aziz Mr Hussain Ahmed Mr Misbabul Bor

Charity Registration Number: 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 advancement of the religion of Islam in accordance with the tenets and doctrines of religion of Islam.
The advancement of 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 of the 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 25 March 2025 and signed on their behalf by:

Mayeen Uddin Ahmed Chair of Trustees

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES / MEMBERS OF EDGWARE MUSLIM COMMUNITY CENTRE

We report on the accounts of Edgware Muslim Community Centre for the year ended 30 November 2024, which are 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 Act) and that an independent examination is needed.

It is our responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the General Directions give by the Charity Commission (under section 145(5)(b) of the Charities Act), and
to state whether particular matters have come to our attention.

Basis of Independent Examiners' Statement

Our examination was carried out in accordance with the 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 evedience that would be required in an audit, and cosequently 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 Examiners' Statement

In connection with our examination, no matter has come to our attention:

(1) which gives us 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 our opinion, attention should be drawn in order to enable a proper understading of the accounts to be reached.

Asad Rahim & Co.

Chartered Certified Accountants

8 Park Way Edgware Middlesex HA8 5EZ

25 March 2025

EDGWARE MUSLIM COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

EDGWARE MUSLIM COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024
Incoming Resources Donations and Subcriptions Charitable Donations Total Incoming Resources Resources Expended Business Rates Staff Wages Insurance Light and Heat Charitable Donations Telephone and Internet Repairs and Maintenance Bank Charges General Expenses Net Movements in Funds Total Funds Brought Forward	Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 £ £ £ £ 103,127 103,127 103,307 1,925 1,925 10,000
	103,127 1,925 105,052 113,307
	9,653 9,653 7,298 23,898 23,898 23,467 1,411 1,411 1,379 11,072 11,072 11,890 11,626 11,626 6,465 822 822 845 17,468 17,468 31,766 382 382 410 1,120 1,120 145
	77,452 - 77,452 83,665
	25,675 1,925 27,600 29,642 1,159,959 3,535 1,163,494 1,130,317
	1,185,634 5,460 1,191,094 1,159,959

There were no recognised gains and losses for the year other than stated in the statement of financial activities above. All incoming resources expended derived from continuing activities.

EDGWARE MUSLIM COMMUNITY CENTRE BALANCE SHEET AS AT 30 NOVEMBER 2024

Note Fixed Assets Tangible Assets 2 Current Assets Debtors Cash at Bank and in Hand The Charity's Fund Unrestricted General Funds 3	20,000 201,723	2024 965,836 221,723	40,000 154,123	2023 965,836 194,123

		1,187,559		1,159,959
		1,187,559		1,159,959
		1,187,559		1,159,959

Approved by the trustees and signed on their behalf by:

Mayeen Uddin Ahmed Chair of Trustees

25 March 2025

EDGWARE MUSLIM COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

1. Accounting Policies

1.1 Basis of Accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Charities SORP 2015, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity meets the definiton of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the financial statements.

1.2 Going Concern

The trustees consider the charity has adequate resources to continue in operation in the foreseeable future, including the next 12 months from the date of signing these financial statements. The trustees also consider that the existing would allowthe charity to meet its obligation and debt as they fall due and accordingly the financial statements have been prepared on a going concern basis.

1.3 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.

1.4 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.

1.5 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.

1.6 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

EDGWARE MUSLIM COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

2. Fixed Assets: Tangible Assets Cost Balance Brought Forward Depreciation Balance Brought Forward Charge for year Net Book Value At 30 November 2024 At 30 November 2023 3. The Charity's Fund Balance Brought Forward Add: Income Less: Expenses	Fixtures & Land & Equipment Building 3,495 965,831	Total 969,326
	3,495 965,831	969,326
	3,490 - - -	3,490 -
	3,490 -	3,490
	5 965,831	965,836
	5 965,831	965,836
	2024 1,159,959 105,052 1,265,011 (77,452) 1,187,559	2023 1,130,318 113,307
		1,243,625 (83,666)
		1,159,959