# **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED WITH CHARITY COMMISSION NO: 1136194)**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (Charity Commission Registration Number: 1136194)**
## **Trustees’ Report for the Year Ended 30 September 2023**
The Trustees present their report and the financial statements for the year ended 30 September 2023.
## **A Statement of Trustees’ Responsibilities**
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether the policies adopted are in accordance with the Charities SORP and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity. They 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.
## **Aims and Objectives**
The organisation was established to provide Islamic cultural and religious education for both children and adults and to provide Bangladeshi language and cultural education.
## **Activities and Review**
The centre is being refurbished to improve the access and facilities. The trustees are monitoring its expenditure to ensure best value.
## **Financial positions**
The attached financial statements show a surplus of £17,773 for the year and the balance sheet value of £492,114 as at 30[th] September 2023.
The trustees who have served during the year were as follows:
Mohammed Abdul Korim Abul Kalam Jahir Ali
## **Signed on its behalf Jahir Ali**
## **Trustee**
2
## **ACCOUNTANTS' REPORT TO THE TRUSTEES OF GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE**
I report on the accounts of the Trust for the year ended 30 September 2023, which are set out on pages 4 to 8.
## **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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the 2011 Act;
- To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
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 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 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 requirements:
- To keep accounting records in accordance with section 130 of the 2011 Act; and
- To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act that have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Zaki Husein FCA FCCA**
17 Plumbers Row London E1 1EQ
01st February, 2024
3
**GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED CHARITY COMMISSION NO: 1136194) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2023**
|**INCOME AND EXPENDITURE**
**INCOMING RESOURCES**
Donations
Grant
**TOTAL INCOME**
**RESOURCES USED**
**DIRECT CHARITABLE**
**EXPENSES**
**OTHER EXPENSES**
**Costs of activities of Charity’s**
**objectives**
**ADMINISTRATIVE EXPENSES**
Accountant’s fee
**TOTAL FUNDS USED**
Net profit/(loss) resources
for the year
Net movement in fund
As above:
Net excess income of the year
Balance b/f
Balance at 30th September 2023|**2023**
£
68,816
-
68,816
50,543
500
51,043
17,773
17,773
474,341
_______
492,114|**2022**
£
43,044
-
43,044
46,549
500
47,049
(4,005)
(4,005)
478,346
_______
474,341|
|---|---|---|
4
## **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED WITH CHARITY COMMISSION NO: 1136194) BALANCE SHEET AT 30 September 2023**
|Notes
**FIXED ASSETS**
Tangible assets
2
**CURRENT ASSETS**
Debtors
3
Cash at bank & in hand
4
**CURRENT LIABILITY**
Creditors
5
**NET CURRENT**
**(LIABILITIES)/ASSETS**
**UNRESTRICTED FUND**
Excess of expenditure over
Receipts for the year
30 September 2023x
|**2023**
**2022**
£
£
391,426
394,007
17,089
6,035
84,231
75,394
(632)
(1,095)
100,688
80,334
492,114
474,341
492,114
474,341|
|---|---|
## **Trustees:**
## **Mohammed Abdul Korim Abul Kalam Jahir Ali**
Approved by Trustees on: 01st February, 2024
5
## **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED WITH CHARITY COMMISSION NO: 1136194) NOTES TO THE ACCOUNTS YEAR ENDED 30 SEPTEMBER 2023**
## 1 **ACCOUNTING POLICIES**
## (a) Basis of Accounts
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice of Accounting by Charities (SORP).
## (b) Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
- The charity becomes entitled to the resources;
- The trustees are virtually certain they will receive the resources; and
- The monetary value can be measured with sufficient reliability.
## (c) Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
- (d) No member of the Board of Trustees has received any remuneration for the year directly or indirectly from the charity's funds.
6
## **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED WITH CHARITY COMMISSION NO: 1136194) NOTES TO THE ACCOUNTS YEAR ENDED 30 SEPTEMBER 2023**
|**2.**
**Tangible Assets**
Freehold Land and Building
At cost
Addition
Fixture & Fittings
At Cost
Addition
Depreciation b/f
Depreciation
**3.**
**Debtors**
Other taxes
Others debtors
**4.**
**Cash at Bank and in Hand**
Bank
Cash
**5.**
**Creditors**
Other creditors
Accruals|2023
£
368,386
-
____ __
368,386
46,238
-
(20,618)
(2,580)
23,040
_______
391,426
103
16,986
17,089
52,921
31,310
_ ___
84,231
382
250
_____
632|2022
£
368,386
-
____ __
368,386
40,325
5,913
(17,771)
(2,847)
25,621
_______
394,007
35
6,000
6,035
40,887
34,507
_ ___
75,394
845
250
_____
1,095|
|---|---|---|
7
## **GRAVESHAM MUSLIMS CULTURAL AND EDUCATIONAL CENTRE (REGISTERED WITH CHARITY COMMISSION NO: 1136194) NOTES TO THE ACCOUNTS YEAR ENDED 30 SEPTEMBER 2023**
|**6.**
**Expenses**
Accountants fees
Bank charges
Cleaning
Depreciation
Donation
Insurance
Light & Heat
Postage, stationery and printing
Rates
Repairs and maintenance
Telephone
Wages|2023
500
187
75
2,580
468
1037
5,330
183
3,796
4,968
838
31,081
_____
51,043|2022
500
172
53
2,847
-
942
7,619
15
2,266
5,692
793
26,151
_____
47,049|
|---|---|---|
8