**REGISTERED CHARITY NUMBER: 1125112** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for CHADWELL HEATH EDUCATIONAL AND CULTURAL CHADWELL HEATH EDUCATIONAL AND CULTURAL Contents of the Financial Statements for the Year Ended 31 March 2024 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 11| |Detailed Statement of Financial Activities|12| CHADWELL HEATH EDUCATIONAL AND CULTURAL Reference and Administrative Details for the Year Ended 31 March 2024 |**TRUSTEES**|Malik Chowdhury - Nanu Chairperson & Trustee,| |---|---| ||Ashuque Ahmed Vice Chair &Trustee,| ||Aktar Ali General Secretary & Trustee,| ||Mohammed Monsur Ahmed Treasurer &Trustee,| ||Abdul Malik Joint Secretary & Trustee,| ||Arakoth Chowdhury Joint Treasurer| ||Helal Chowdhury Executive member| ||Syed Nuruzzaman Co-opt Member| ||Shaukat Hafejji Co-opt Member| ||Rahat Miah Co-opt Member| |**PRINCIPAL ADDRESS**|50 GROVE ROAD| ||CHADWELL HEATH| ||ROMFORD| ||RM6 4AQ| |**REGISTERED CHARITY**|1125112| |**NUMBER**|| |**INDEPENDENT EXAMINER**|Quilfords Limited| ||Chartered Certified Accountants| ||113 Romford Road| ||London| ||E15 4LY| Page 1 CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Report of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** * To advance the education of the public in particular but not exclusively in Islamic studies, the Bengali culture and language * To advance the Islamic religion in Chadwell hath for the benefit of the public through the holding of the payer meetings, lectures, public celebration of religious festivals, producing and/ or distributing literature to enlighten others about the religion * To provide or assist in the provision of facilities in the interests of the social welfare or recreation or other leisure time occupation of individuals who have need of such facilities by the reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life ## FOCUS OF OUR WORK - General Charitable Purposes - Education / Training - Relief of Poverty - Religious activities - Sport / recreation - Provides services - - Provides advocacy / advice / information Who used and benefited from our services? - Children / Young people - Elderly / Old People - People with disabilities - - People of a particular ethnic or racial origin - General public / Mankind Page 2 CHADWELL HEATH EDUCATIONAL AND CULTURAL Re rt of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES ACTIVITIES DURING THE YEAR CHEACS Community has been started their community activities and daily five times prayer sessions regularly. This Committee has put the name for our prayerfacility is Chadwell Heath Central Masjid. It's a project of CHEACS, 1) Community Services 2) Multiple services such as senior citizen event, food providing event 3) Classes for all ages 4) Activities & Events 5) Open for daily prayers. In terms of finance, this year we have received an increasing amount of funds in our CHEACS bank account consisting of interest free loan therefore we have decided collectively to purchase a building to make a community centre which is in our local proximity. Fortunately, Grove social Club was up for sale and the whole community showed their willingness to purchase and turn this into a community centre with praying facility. The whole community came forward and they helped us with financial support through interest free loan. This is why we have been able to purchase the Grove social club. In 2023 we have applied for further building extension as porch as well as Dome fix on the top ofthe building (Chadwell Heath central Masjid) our application has been granted earlier this year. So, our builders are working in the building to complete the tasks that Redbridge council approved the application. Ourwork will be finished soon. We still remained Qarz-E-Hasanah (interest free loan) outstanding over five hundred thousand pounds. It's necessary to mention thai Mr. Abdur Rob is no longer our CHEACS member. He left committee due to his own problem. FINANCIAL REVIEW Funds in Surplus The charity received donations and income totalling £163,923 (2023.. £245,031). After payments of outgoing expenses totalling £31,790 (2023.. £41,741), the charity was left with a surplus of £132,133 (2023.. £203,290) for the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by rts governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on ......2211012024...........and signed on its behalf by: Malik Chowdhury Nanu - Trustee Page 3 Independent Examiner's Report to the Trustees of CHADWELL HEATH EDUCATIONAL AND CULTURAL ## **Independent examiner's report to the trustees of CHADWELL HEATH EDUCATIONAL AND CULTURAL** I report to the charity trustees on my examination of the accounts of CHADWELL HEATH EDUCATIONAL AND CULTURAL (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY 30/10/2024 Date: ............................................. Page 4 CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Statement of Financial Activities ## for the Year Ended 31 March 2024 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
2
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.3.24
Unrestricted
fund
£
163,923
31,790
132,133
312,261
444,394|31.3.23
Total
funds
£
245,031| |---|---|---| |||41,741| |||203,290
108,971| |||312,261| The notes form part of these financial statements Page 5 CHADWELL HEATH EDUCATIONAL AND CULTURAL Balance Sheet 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes FIXED ASSETS I nvestments 1,073,537 956,599 CURRENT ASSETS Debtors Cash at bank 40,000 40.000 18,492 55,687 58,492 CREDITORS Amounts falling due within one year (684,830) (702,830) NET CURRENT ASSETS 629,143) 644,338) TOTAL ASSETS LESS CURRENT LIABILITIES 444,394 312,261 NET ASSETS 312 261 FUNDS Unrestricted funds 444 394 312 261 TOTAL FUNDS 444,394 312261 The financial statements were approved by the Board of Trustees and authorised for issue on .2211012024....... and were signed on its behalf by.. Malik Chowdhury Nanu - Trustee Mohammed Monsur Ahmed - Trustee The notes form part of these financial statements Page 6 CHADWELL HEATH EDUCATIONAL AND CULTURAL Notes to the Financial Statements for the Year Ended 31 March 2024 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued... CHADWELL HEATH EDUCATIONAL AND CULTURAL Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **2. RAISING FUNDS** |**Raising donations and legacies**
Support costs|31.3.24
£
31,790|31.3.23
£
41,741| |---|---|---| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|245,031| |**EXPENDITURE ON**|| |Raising funds|41,741| |**NET INCOME**|203,290| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|108,971| |**TOTAL FUNDS CARRIED**|| |**FORWARD**|312,261| Page 8 continued... CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **5. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 April 2023
Additions
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
There were no investment assets outside the UK.
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 1.4.23
£
**Unrestricted funds**
General fund
312,261
**TOTAL FUNDS**
312,261|| |---|---| Page 9 continued... CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **8. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
163,923
163,923
At 1.4.22
£
108,971
108,971|Resources
expended
£
(31,790)
(31,790)
Net
movement
in funds
£
203,290
203,290|Movement
in funds
£
132,133
132,133
At
31.3.23
£
312,261
312,261| |---|---|---|---| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
245,031
245,031|Resources
expended
£
(41,741)
(41,741)|Movement
in funds
£
203,290
203,290| |---|---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.22
£
108,971
108,971|Net
movement
in funds
£
335,423
335,423|At
31.3.24
£
444,394| |---|---|---|---| ||||444,394| Page 10 continued... CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
408,954
408,954|Resources
expended
£
(73,531)
(73,531)|Movement
in funds
£
335,423
335,423| |---|---|---|---| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. Page 11 CHADWELL HEATH EDUCATIONAL AND CULTURAL ## Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Finance**
Bank charges
**Other**
Insurance
Light and heat
Telephone
Postage and stationery
Staff entertaining
Rent
Repairs and maintenance
Cleaning
Charitable donation
Legal fee
Advertising
Imam Remuneration
Council tax
Professional fee
Equipment expensed
Project Cost
Terminal Charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|31.3.24
£
163,923
163,923
229
700
8,342
1,332
376
50
1,770
-
586
3,049
-
965
5,200
678
233
107
6,616
557
30,561
1,000
31,790
132,133|31.3.23
£
245,031
245,031
238
-
1,861
200
-
-
1,501
5,907
-
1,500
6,221
-
5,583
4,683
12,353
1,194
-
-
41,003
500
41,741
203,290| |---|---|---| This page does not form part of the statutory financial statements Page 12