HACKNEY ISLAMIC COMMUNITY CENTRE
Report of the Trustees and Unaudited Financial Statements For the period ended 31 March 2024
Charity number: 1117069 (England and Wales)
Contents
Introduction ............................................................................................................................................ 2 Trustees Annual Report ....................................................................................................................... 3 Objectives, activities and achievements ........................................................................................... 5 Other information .................................................................................................................................. 6 Independent Examiner Report ........................................................................................................... 7 Financial review .................................................................................................................................... 9 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 ................................ 9 BALANCE SHEET AT 31 MARCH 2024 ................................................................................................ 10 Notes for the accounts ....................................................................................................................... 12
Introduction
Registered Charity Name: -
Hackney Islamic Community Centre
T/as Masjid Daar Al-Hadeeth (previously Masjid an-Nawawi)
Registration Number:
1117069
Registered Address: -
Flat 3 Elba House, 2 Andre Street, London, E8 2FL
Trustees: -
| NO. | Names | Role |
| 1 | Ibrahim Saeed Mohamed | Chairman |
| 2 | Mohamed Osman Ahmed |
Trustee |
| 3 | Hakiim Kiggundu Kamulegeya |
Trustee |
Independent Examiner: -
M Kashif Anwar – AFA MIPA TaxAssist Accountants 14 High Road London N15 6LS Tel: 0203 794 8788 Email: mkashifanwar@taxassist.co.uk
Bankers: -
Lloyds Bank
Hackney Islamic Community Centre
Trustees Annual Report
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference And Administrative Details
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
The Trustees
The trustees who served during the period were as follows:
Mr Ibrahim Saeed Mohamed
Mr Mohamed Osman Ahmed
Mr Hakiim Kiggundu Kamulegeya
Structure, governance, and management
Hackney Islamic Community Centre is a religious organisation established in 2006, it is an independent charity with religious and educational activities catering primarily to the Muslims in the London Borough of Hackney. In summary, the Trust’s activities for the year are as follows: five daily congregational prayers, weekly free classes or lectures, madrasah for the children aged 5 -15 throughout the week and celebrating the two annual Eids.
We recruit trustees at the annual general meeting of the Charity. The members elect from amongst themselves a secretary, treasurer, and any other member that may be required to hold office from the conclusion of that meeting.
Method of appointment of Trustees and policies adopted for their induction
• Appointment of charity trustees
Apart from the first charity trustees, every trustee must be appointed for a term determined by the Trustees by a resolution passed at a properly convened meeting of the charity trustees.
• Information for new charity trustees
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
- (a) a copy of the current version of this constitution; and
(b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
Decision making
The trustees are legally responsible for the overall management and control of the Centre and do meetings regularly. The Finance and General Purposes (building) members generally meet regularly to consider the tasks delegated to them in respect of financial, building work or any specialist adviser report, which are then communicated to the other trustees at the main board meeting for their deliberations.
RESPONSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.
Objectives, activities and achievements
The charity’s objective is to provide help for children with the advancement of their faith by teaching them Islamic sciences and the Quran, provide lectures, activities for the youth and community. We provide a space for religious worship, providing religious instruction and missionary work.
The charity’s achievements are as follows: the completion of Islamic academic curriculum (consisting of Quran, and various other Islamic sciences), fundraising for the charity, sports events for the youth and community, successfully conducting five daily congregational prayers consistently, maintaining and supporting the wellbeing and faith of the community and providing religious counselling.
Other information
Class of charitable funds:
Unrestricted – The funds during the period 01/04/2023 – 31/03/2024 was raised through Mosque and online donations.
During the year we had raised money for renovations of the masjid.
Financial Review
The net incoming resources for the year were -£10,483 (2023: £8,236).
Reserve Policy
The charity's reserves at the year-end were £20,553 (2023: £31,036).
The trustees have not adopted a formal reserve policy.
Signed on behalf of the board of trustees:
Ibrahim Mohamed
Signed: …………………………………………………………
30 Jan 2025
Date: ……………………………………………………………
Name: Ibrahim Saeed Mohamed (Chairman / Trustee)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HACKNEY ISLAMIC COMMUNITY CENTRE
FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts of the charity for the year ended 31 March 2024.
Respective Responsibilities Of Trustees And Independent 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 43(2) of the Charities Act 1993 (the 1993 Act), as amended by section 28 of the Charities Act 2006) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43(3) (a) of the 1993 Act, as amended);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, as amended); and
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to state whether particular matters have come to my attention.
Basis Of Independent Examiner’s Statement
My 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view'.
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 trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the Act); and
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• accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HACKNEY ISLAMIC COMMUNITY CENTRE (continued) FOR THE YEAR ENDED 31 MARCH 2024
Recommendations & Advises For The Future
As per my examination of the accounting records, I would like to draw your attention to the following issues:
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It is recommended the charity should use a reputed software to maintain records related to all restricted and unrestricted income and expenses.
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Similarly, separate similar records are to be kept for educational services.
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Trustee’s must have records for petty cash such as weekly income and expenses for the full year along with the supporting documents relating to the expenses incurred.
M Kashif
Independent Examiner: -
M Kashif Anwar – AFA MIPA TaxAssist Accountants 14 High Road London N15 6LS Tel: 0203 794 8788 Email: mkashifanwar@taxassist.co.uk
Financial review
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
BALANCE SHEET AT 31 MARCH 2024
Signed on behalf of the board of trustees:
Ibrahim Mohamed
Signed: ………………………………………………………… 30 Jan 2025
Date: ……………………………………………………………
Name: Ibrahim Saeed Mohamed (Chairman / Trustee)
Notes for the accounts
The Accounting policies
Basis of accounting
The financial statements have been prepared under historical cost convention. The financial statements have been prepared in accordance with the statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 1a) and the Charities Act 2011.
There has been no change to the accounting policies since last year.
The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised as soon there is legal or constructive obligation committing the charity to pay out the resources.
Taxation
As charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £500 are capitalised and included at cost, including any incidental expenses of acquisition.
However, Depreciation is provided on all fixtures and fitting at 25% calculated to write off the cost on a straight line based over their expected useful lives as follows:
Fixtures and fittings - over 4 years
Office equipment - over 4 years
Fund Accounting
All the funds are unrestricted and are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.
Unrestricted funds are recorded as per fund accounting.
RESTRICTED & UNRESTRICTED FUNDS YE 31.03.2024 YE 31.032023 Restricted Unrestricted Restricted Unrestricted General _ Donation$ Receipts General Expenditures Net surplusl{deficitl 111.924 108.855 3,070 56.221 46.322 9,899 Umrah trip5 Receipts Expendrtures Net surplusl{deficil> 36.571 47.076 10.505 Madrasah fee$ Receipts Expendrtures Net surpluslldefici 12.217 14.081 10,901 12.564 1,663 Qurbani funds Receipts Expendf(ures Nel surpluslldeficit) 4.660 4,610
Issuer TaxAssist Accountants Stamford Hill Document generated Thu, 30th Jan 2025 14:27:29 GMT Document fingerprint 58d2635b3679144b26e534ac70216266
Parties involved with this document
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