**BH Islamic Centre - London**
**Registered Charity number: 1121087**
**BH Islamic Centre – London**
**Financial Statements**
**For The Year Ended 31 March 2024**
**BH Islamic Centre - London**
## **Trustees Report and Financial Statements For The Year Ended 31 March 2024**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Charity Information|1|
|Trustees’ Annual Report and Statement of Trustees’ Responsibilities|2 - 4|
|Independent Examiner's Report|5|
|Income and Expenditure Account|6|
|Balance Sheet|7 - 8|
|Notes to the Financial Statements|9 - 10|
|The following pages do not form part of the statutory accounts:||
|Detailed Income and Expenditure Account|11|
**BH Islamic Centre - London**
## **Charity Information**
**For The Year Ended 31 March 2024**
**Trustees who served during the year** Mr Islam Omanovic (Chair) Mr Irfan Hamulic Mr Midhat Jusufovic **Charity Number** 1121087 **Registered Office** 129 Cricklewood Broadway London NW2 3JG **Independent Examiner** Astute Accountants & Tax Consultants 565 High Road Leytonstone London E11 4PB
Page 1
**BH Islamic Centre - London**
## **Registered Charity number: 1121087 The report of the Trustees for The Year Ended 31 March 2024**
The trustees are pleased to present their annual report and financial statements for the year ended 31st March 2024 and confirm that they comply with the Charities Act 2011, the Trust deed and the Charities SORP 2005.
## **Structure, governance and management**
## **Governing document**
BH Islamic Centre London was formed in 2007. It is registered with the Charity Commission under registration number 1121087. The Charity is governed under a Trust Deed erected at the time of formation of this Charity.
## **Names of Trustees**
Islam Omanovic - Chair Midhat Jusufovic Irfan Hamulic
## **Objectives and activities**
The main objectives of the charity are set out in the charity’s trust deed and are summarised as follows:
- 1) The advancement of the Islamic religion for the benefit of the public, and in particular the Bosnian community
2) The promotion of religious harmony for the benefit of the public by:
a) educating the public in different religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths;
b) promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths.
3) The relief of financial hardship, either generally or individually, of members of the Bosnian community living in the United Kingdom and elsewhere by making grants of money for providing or paying for items services or facilities.
4) The advancement of the education of members of the Bosnian community in the London area through the provision of supplementary schools, training courses and conferences.
## **Achievements and performance**
In carrying out the charity's activities the Trustees have had regard to the Charity Commissioner's guidance on public benefit.
COVID-19 has had a significant impact on the charity. The level of activities and donations had fallen and, coupled with the restrictions imposed by the pandemic, ongoing activities were reduced. The charity is grateful for the government support it has received which has helped in continuing operations.
Every year we mark the anniversary of Srebrenica genocide and other key events in our (Bosnia Herzegovina) history. We also participate in various religious activities on a weekly, monthly and yearly basis. We also educate the community with religious and historical studies.
Out of our three shops, one had to be closed down due to higher and unsustainable rents. During the past year we renovated that shop for dilapidations before returning it to landlord. The other 2 shops were also renovated and are trading.
Page 2
**BH Islamic Centre - London**
## **Organisational structure**
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet together as a body at least once in year and are responsible for all decisions taken in relation to running of the charity and the community facilities and the activities provided by the charity, The day-to- day management of the Charity and community facilities and projects are delegated to designated trustee.
## **Recruitment and appointment of trustees**
The existing trustees are responsible for the recruitment of new trustees, In selecting new trustees, we seek to identify people who have good reputation in community and are willing to volunteer to help in our broader community work, Potential trustees are invited to attend trustees' meeting as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person' s eligibility, personal competence, specialist knowledge and skills,
## **Induction and training of trustees**
A number of publications, detailed guides and how to guides, from the Charity Commission are also provided including "What makes a charity", "Charitable purposes and public benefit" and "Public benefit; the rules for charities". This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.
## **Risk management**
The trustees assess the risks the charity faces in monthly meetings to identify any present or up-coming risks. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks. In particular, insurance cover is in place and the finances of the Charity are kept under review.
## **Financial review**
## **Principal funding source**
The charity’s main source of income is donations from the community collected on a weekly basis and takings form the shops.
## **Investment policy and objectives**
The charity continues to assess future investment proposals in its periodic meetings. All cash reserves are held in the charity’s bank accounts.
Page 3
## **BH Islamic Centre - London**
## **Statement of Trustees' Responsibilities**
The charity Trustees are responsible for preparing an Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards UK GAAP (United Kingdom Generally Accepted Accounting Practice).
The law applicable to Charities in England and Wales requires the Charity Trustees to prepare Financial Statements for each 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 the Financial Statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements 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 the 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 2011 and the provisions of the Trust Deed.
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. The Trustees for the purposes of Charity Law who served during the year and up to the date of this report are set out on Charity information page.
Approved by the Trustees and signed on its behalf by:
## Islam Omanovic
**Islam Omanovic**
_**Chair of the board of Trustees**_
## **Date: 13 Dec 2024**
Page 4
## **BH Islamic Centre - London**
## **Independent Examiner's Report on the Accounts of BH Islamic Centre - London For The Year Ended 31 March 2024**
I report on the accounts of the Trust for the year ended 31 March 2024
## **Respective responsibilities of Trustees and Examiner**
The Charity Trustees are responsible for the preparation of the Financial Accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
- Examine the Accounts (under section 145 of the 2011 Act;
- Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5) (b) of the 2011 Act, and
- State whether particular matters have come to my attention.
## **Basis of opinion**
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 we do not express an audit opinion on the Accounts whether the Accounts present a “True and Fair view” and the report is limited to those matters set out in the next statement.
## **Independent Examiner’s statement**
In the course of 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:
- Proper accounting records are kept (in accordance with section 41 of the Act); or
- Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
- (2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................................
## **Faisal Meraj, Chartered Management Accountant**
**For and on behalf of Astute Accountants & Tax Consultants**
**Date 13 December 2024**
**565 High Road Leytonstone London E11 4P**
Page 5
## **BH Islamic Centre - London**
## **Statement of Financial Activities For The Year Ended 31 March 2024**
|**Receipts**
Donations and legacies
Shop sale
Membership fee
**Gross Receipts - Unrestricted**
**Cost of Sales**
**Other direct costs**
**Administrative Expenses**
Wages and salaries
Staff welfare
Travel and subsistence expenses
Rent
Rates
Light and heat
Repairs and maintenance
Insurance
Printing, postage and stationery
Carriage and freight
Accountancy fees
Legal fees
Bank charges
Charitable donations
Depreciation
Sundry expenses
**OPERATING (DEFICIT)/SURPLUS**
**Interest payable and similar charges**
Bank interest payable
**(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR**|**2024**
**£**
**£**
41,916
39,687
6,615
88,218
1,060
(1,060)
87,158
33,799
77
408
8,400
6,747
2,541
3,678
3,811
37
2,072
1,440
-
66
-
134
13
(63,223)
**23,935**
14,682
(14,682)
9,253|**2024**
**£**
**£**
41,916
39,687
6,615
88,218
1,060
(1,060)
87,158
33,799
77
408
8,400
6,747
2,541
3,678
3,811
37
2,072
1,440
-
66
-
134
13
(63,223)
**23,935**
14,682
(14,682)
9,253|**2023**
**£**
**£**
63,013
63,013
-
-
63,013
29,609
-
-
7,700
8,325
4,696
7,030
2,986
276
-
1,380
850
67
50
168
-
(63,137)
**(124)**
8,995
(8,995)
(9,119)|**2023**
**£**
**£**
63,013
63,013
-
-
63,013
29,609
-
-
7,700
8,325
4,696
7,030
2,986
276
-
1,380
850
67
50
168
-
(63,137)
**(124)**
8,995
(8,995)
(9,119)|
|---|---|---|---|---|
|||88,218
(1,060)||63,013
-
63,013
(63,137)|
||||
29,609
-
-
7,700
8,325
4,696
7,030
2,986
276
-
1,380
850
67
50
168
-
8,995
||
|||
87,158
(63,223)|||
|||**23,935**
(14,682)
9,253||**(124)**
(8,995)
(9,119)|
## **BH Islamic Centre - London**
## **Balance Sheet As At 31 March 2024**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**4**
**CURRENT ASSETS**
Debtors
**5**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**6**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than**
**One Year**
**7**
**NET ASSETS**
Unrestricted fund b/f
Net income for the year
**TOTAL FUNDS**|**2024**
**£**
**£**
649,858
**649,858**
6,715
29,750
36,465
(12,189)
24,276
**674,134**
(156,257)
**517,877**
508,624
9,253
**517,877**|**2024**
**£**
**£**
649,858
**649,858**
6,715
29,750
36,465
(12,189)
24,276
**674,134**
(156,257)
**517,877**
508,624
9,253
**517,877**|**2023**
**£**
**£**
627,768
**627,768**
6,715
54,515
61,230
(19,681)
41,549
**669,317**
(160,693)
**508,624**
517,743
(9,119)
**508,624**|**2023**
**£**
**£**
627,768
**627,768**
6,715
54,515
61,230
(19,681)
41,549
**669,317**
(160,693)
**508,624**
517,743
(9,119)
**508,624**|
|---|---|---|---|---|
|||**649,858**
24,276||**627,768**
41,549|
||36,465
(12,189)||61,230
(19,681)||
||||||
|||**674,134**||**669,317**|
|||(156,257)||(160,693)|
|||**517,877**||**508,624**|
|||508,624
9,253||517,743
(9,119)|
|||**517,877**||**508,624**|
**BH Islamic Centre - London**
**Balance Sheet (continued) As At 31 March 2024**
For the year ending 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. On behalf of the board
Mr Islam Omanovic **Director/Trustee** 13 December 2024
The notes on pages 9 to 10 form part of these financial statements.
Page 8
## **BH Islamic Centre - London**
## **Notes to the Financial Statements For The Year Ended 31 March 2024**
## **1. General Information**
BH Islamic Centre - London is a private company, limited by guarantee, incorporated in England & Wales, registered number 04202138. The Charity is registered with Charity Commission number 1121087 **.** The registered office is 129 Cricklewood Broadway, London, NW2 3JG.
## **2. Accounting Policies**
## **2.1. Basis of Preparation of Financial Statements**
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
## **2.2. Turnover**
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
## **2.3. Sale of goods**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
## **2.4. Rendering of services**
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
## **2.5. Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
## **3. Average Number of Employees**
Average number of employees, including directors, during the year was: 2 (2023: 3)
## **4. Tangible Assets**
|**Cost**
As at 1 April 2023
Additions
As at 31 March 2024|**Land &**
**Property**
**Freehold**
**£**
627,099
22,224|**Plant &**
**Machinery**
**£**
13,473
-|**Total**
**£**
640,572
22,224
662,796
...CONTINUED|
|---|---|---|---|
||649,323|
13,473||
|||||
Page 9
## **BH Islamic Centre - London**
## **Notes to the Financial Statements (continued) For The Year Ended 31 March 2024**
|**Depreciation**
As at 1 April 2023
Provided during the period
As at 31 March 2024
**Net Book Value**
As at 31 March 2024
As at 1 April 2023
**.** **Debtors**
**Due within one year**
Other debtors
**.** **Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other taxes and social security
Other creditors
**.** **Creditors: Amounts Falling Due After More Than One Year**
Bank loans|-
-|-
-|
12,804
134|12,804
134|
|---|---|---|---|---|
||-||
12,938|12,938|
||649,323||
535|649,858|
||627,099||
669|627,768|
||||**2024**
**£**
6,715
6,715
**2024**
**£**
255
8,256
3,678
12,189
**2024**
**£**
156,257
156,257|**2023**
**£**
6,715|
|||||6,715|
|||||**2023**
**£**
9,737
6,944
3,000|
|||||19,681|
|||||**2023**
**£**
160,693|
|||||160,693|
## **5. Debtors**
## **6. Creditors: Amounts Falling Due Within One Year**
## **7. Creditors: Amounts Falling Due After More Than One Year**
## **8. Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 10