Charity Number 1135604 RAWDA CULTURAL CENTRE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024
RAWDA CULTURAL CENTRE CONTENTS PAGES Legal and Administrative Details Report of the Trustee's Independent Examiner's Report Statement of Financlal Artivltles Balance Sheet Notes to the Financial Statements 9-12
RAWDA CUITURAL CENTRE TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 2005 REFERENCE AND ADMINISTRATIVE DETAILS Charlty Name Rawda Cultural Centre Charlty reg15tered Number 1135604 Registered Office and Operatlonal Offl¢e 24 Madras Road Lelcester Lelcestershlre LEI 2LT Trustees Mr Abdlsalarn Yu5uf Ha5an Mr Mohamed All Barre Mr Jama Sald Husseln Jama Moharned Farah Moh•med Salad Mohamed ChaSmian Treasurer Trustee Trustee Trustee Res18ned 0110412023 Management Team Mr Mohamed All Barre Bankers HSBC Bank Ple 2-6 Gallowtree Gate Lelcester LEI IOA Independent Examlner Shabbeer and Co Llmlted 62 Harringworth Road Leicester LE5 6TL Page I
RAWDA CULTURAL CENTRE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rawda Cultural Centre was established on 09 April 2010 and was registered as a charity on 20 April 2010 RecruStment and appolntment of Trustees The Trustees are charity trustees for the purposes of charity law and under the charity model constitution. Under the requirements of the constitution the trustees are appointed for a period of three years after which they must be re- appointed at the next Annual General Meeting. Trustees seek to ensure that Trustees body Includes people wlth knowledge and experience of working with communities. Trustee Inductlon and Tralnln8 All of our staff Is tralned on the above politles, with new starters given an Inductlon coverlng all of our pollcles and procedures. All trustees give their time voluntarily and received no remuneration or other benefits. Organlsatlonal structure Rawda Cultural Centre has a Board of up to 3 members who meet quarterly and are responsible for the strategic direction and policy of the charity. A scheme of delegation 15 in place and the day to day management of the charity rests Wlth the senior managernent team and volunteers. The executive manager is responsible for ensuring the sound management and monitoring of the activities and programmes and reporting to trustees and funders. Volunteers A great contribution is made by member volunteers. We are grateful for the many hours volunteers have spent listening and encouraging our parents and young people and working with our workers. Without this valuable contribution of time, energy and expertise we would not have been able to achieve so much. Our strength lie on our volunteer support and parents involvement. The volunteer5 have a150 greatly contributed towards our fLsndrai5ing towards purchase of current property. Page 2
RAWDA CULTURAL CENTRE TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES 111 To advance the religion of151am, by means of, not exclusively, promoting the teachings and tenet5 of Islam, provision of facilities for worship, provision of facilities for islamic education and provision of marriage services, in accordance with the teachings of the quran and the sunnah of the Prophet Muhammad IPBUHI as defined and interpreted by the Ahle Sunnah Wal Jamaa-ah,. 121 To advance the educatlon of the publlc by means of, but not excluslvely, the provlslon of arablc language classes. facilities for supplementary education, community learning programmes and any such activities as the trustees think fit,. 131 To relieve financial hardship among Vlctims of natural and man-made disasters, the poor and needy in the United Kingdom by rnean5 of, but not exclusively, providing or paying for item5, servlces and facilities including the provision of food, clean water and accommodation for the said persons. 141 To help young people, especially but not exclusively through leisure time and recreational activities, so as to develop their capabilities that they may grow to full maturity as individual and as good citizens. 151 To promote any other charitable purpose for he benefit of those in need that the trustees from time to time determine. ACHIEVEMENTS AND PERFORMANCE The Charity ha5 organi5ed event5, activitie5, community support, many 5eminar5 for the wlder community and sports recreatlon for youth to fulfil Its aim and objectives. Through the efforts of the tru5tee5 and volunteers, the Charity has continued to secure funds for future projects Page 3
RAWDA CULTURAL CENTRE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PLANS We plan to look into further projects which will help u5 to fulfil our aims and objectives. We are raising fund5 to buy the property we are currently renting for the purpose of worship, madrassa and cultural activities. PERSONNEL Trustees who served during the year were.. Mr Abdlsalam Yusuf Hasan Mr Mohamed All Barre Mr Jama Sald Husseln Jama Mohamed Farah Mohamed Salad Mohamed FINANCIAL REVIEW The trustees present their annual report and accounts for the year ended 31st March 2024. The board of trustees are satlsfied with the performance of the charity during the year and the positions at 31st March 2024 and consider that the charity is in a strong position to continue it5 activities during the coming year5, and that the charity's assets are adequate to fulfil its obligations. The charity will continue to seek further funding to deliver its objectives. RESERVE POLICY The charity reserves policy Is to maintain unrestricted funds at a level which equates to approximately twelve months unrestrirted expenditure. This provides sufficient funds to cover management, administration and 511PPOrt Costs. RISK MANAGEMENT The trustees actively review the major risks which the charity faces on a regular basis and believe that maintalnin8 the free reserves at the levels stated above will give enough resources in the event of adverse conditions. Systems are in place to rnitigate our exposure to major ri5k5. Page 4
RAWDA CULTURAL CENTRE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 A¢countln8 and reportln8 responslbllltles The Charities Act 1993 requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparlng the flnanclal statements the trustees should follow best prartlce and select sultable accountlng pollcles and apply them consistently,. Make Judgements and estimates that are reasonable and prudent,. Follow applicable accountlng standards and the Charlties SORP, disclosing and explaining any departures In the financial statements,. and Prepare the financlal statements on the golng concern basis unless It Is Inappropriate to assume that the charlty wlll continue in operation. The trustees are responsible for keeping proper accountin8 records that disclose with reasonable accuracy at any time the financial position of the Trust and to enable them as trustees to ensure that the financial statement5 comply with Charitie5 Act 1993. The Charity IA¢¢ounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the Trust's assets, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularlties. The trustees declare that they have approved the trustees, report above and signed on its behalf by: Date: Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAWDA CULTURAL CENTRE I report on the accounts for the year ended 31 March 2024, which are set out on pages 7 to 12 Respective re5ponsibilitie5 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 It Is my responslblllty to.. examine the accounts lunder section of 43131 lal of the 1993 Act) to follow the procedures lald down In the General Dlrectlons glven by the Charlty Commisslon (under section 4317llbl of the Actl, and to state whether particular matters have come to my attention. Basls of Independent examlner's report 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 consideratlon 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 no opinion is given as to whether the accounts presents a 'true and fair, view and the report Is Ilmited to those matters set out In the statement below. Independent examlner's statement In the course of my examination, no matter ha5 come to my attention: l. which gives me reasonable cause to believe that in, any material respect, the requirement.. to keep accounting record5 in accordance with section 41 of the Act; and to prepare accounts which accord with accounting records and comply with the accounting requirement5 Of the 1993 Act,. have not been met- or 2. to which, in my opinion, attention should be drawn in order you enable a proper understanding of the accounts to be reached Shabbeer Ahrned Lorgat For and on behalf of Shabbeer & Co Llmlted Leicester LE5 6TL Date.. 2110112025 Page 6
RAWDA CULTURAL CENTRE STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 March 2024 Note5 Unrestricted Restricted Funds Funds Total Fund 2024 Total Funds 2023 Incoming resources Incomlng resourcesfrom generatedAunds Voluntary Income: Donations and 8rant5 46,915 46,915 51.629 Total Incomlng resources 46.915 46.915 51,629 Resources expended Costs of generatingfunds Charitable activities Governance costs 35,173 500 35,173 500 41,889 500 Total resources expended 35,673 35,673 42,389 Net In¢omln8 resources for the perlod 11,242 11,242 9,241 Net rnovernent In fund5 11.242 11,242 9.241 Balance brought forward 105,132 105,132 95,891 Total funds carrled forward 116,374 116,374 105,132 The note5 on pages 10 to 12 form part of these financial ststements Page 7
RAWDA CULTURAL CENTRE BALANCE SHEET AT 31 March 2024 2024 2023 Notes Current assets Debtors Cash at bank and In hand 67,529 35,855 103,383 1.037 67,529 26,612 94,141 3,037 Credltors: amounts falling due within one year Net Current assets 102,346 91,104 Net a55et5 102,346 91,104 Fund5 Restrl¢ted Unrestricted 102,346 91,104 Total Funds 102,346 91,104 The flnanclal statements were approved by the Board ol Trustees on .01.2025 nd were slgned on Its behalf by: lama Mohame(J Farah JAMA SAID The note5 on pa8e$ 10 to 12 form part of these financial statements Page 8
RAWDA CULTURAL CENTRE NOTES TO THE ACCOUNTS - 31 March 2024 l Accounting Policie5 The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in preceding year. lal Basls of a¢¢ountln8 The financial statements are prepared under the historic cost convention and in accordance with the Financial Reporting Standard5 for Smaller Entities (effective 20071. In preparing the financial statements, the charity follow5 best practice as laid down in the Statement of Recommended Practice ' Accounting and Reporting by Charities ISORP 20051 issued March 2005 and the Charities Act 1993 (bl Tangible Flxed Assets Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost less any residual value over the estimated useful life of the asset, as follow.. Offlce equipment 25% per annum stralght line basls The costs of minor additions or those costing below £500 are not capitalised. Ic) Fund accountln8 Unrestrlrted funds are available for use at the dlscretion of the Trustees In furtherance of the general objective of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the granting body. Idl Incomln8 resources All incoming re50urce5 are included in the Statement of Financial Activitie5 when the chority is entitled to the income and the amount can be quantified with reasonable accuracv. (el Resources expended All expenditure is recognlsed on an accrual basls. Expenditure Includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Page 9
RAWDA CULTURAL CENTRE NOTES TO THE ACCOUNTS - 31 March 2024 2 . Incoming Resources from Activities in lurtherance of the Charity'5 objectives Unrestricted Restrirted Funds Funds 2024 Total 2023 Total General Donation5 46,443 472 46,915 46,443 472 46,915 51,513 116 51,629 Interest Income 3. Resource5 expended Audit and accountancy Fees and charges Heating and lighting Interest charges Legal fees Rent and rates Printing and stationery Telephone and internet Wage5 and NIC 500 93 10,389 44 500 500 93 10,389 44 89 9,299 75 672 24,000 50 459 7,245 16,000 16,000 742 7,904 742 7,904 Total resources expended 35,673 35,673 42,389 Net Income 11,242 11,242 9.241 Page 10
RAWDA CULTURAL CENTRE NOTES TO THE ACCOUNTS - 31 March 2024 2024 2023 4. Staff Costs and numbers Salaries and wages Social security costs No employees received emoluments of more than £60,000. The average number of employees during the year, calculated on the basis of the full time equivalents was as follows.. Chief Executive Administration and support 5. Trustee Remuneratlon and Related Party Transactlons No members of the Management Committee received any remuneration during the year. No Trustee or other person related to the Charlty had any personal Interest in any contract or transactlon entered Into by 6. Taxatlon As a charity, Rawda Cultural Centre Is exempt from tax on income and gains falling within section 50S of the Taxes Act or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charlty. 7. Debtors 2024 2023 Trade debtors - grant income receivable Other debtors and prepayments 67,529 67,529 67,529 67,529 8. Credltors: amounts falllng due wlthln one year 2024 2023 Taxation and social security Other creditors and accruals 537 500 1,037 537 2,500 3,037 Page 11
RAWDA CULTURAL CENTRE NOTES TO THE ACCOUNTS - 31 March 2024 9. Movement5 in Funds Balance Balance at Incoming Outgoing at l Aprll 2023 resour¢es resour¢e$ 31 March 2024 Re5trirted funds Grants Total restricted fund5 Unrestrl¢ted fvnds General funds 91,104 46,915 35,673 102,346 Total unrestrlcted funds 91,104 46,915 35,673 102,346 Total Funds 91,104 46,915 35,673 102,346 Page 12