## **Gravesham Muslims Cultural and Educational Centre**
## **Charity No. 1136194**
## **Trustees' Report and Unaudited Accounts**
**30 September 2024**
**Gravesham Muslims Cultural and Educational Centre Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Statement of Cash flows|5|
|Notes to the Accounts|6 to 11|
|Detailed Statement of Financial Activities|12 to 13|
Page 1
**Gravesham Muslims Cultural and Educational Centre Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1136194**
## **Trustees**
The following Trustees served during the year:
Abul Kalam Jahir Ali Mohammed Korim
## **Accountants**
ATN Partnership 142-143 Parrock Street Gravesend DA12 1EY
## **OBJECTIVES AND ACTIVITIES**
The organisation was established to provide Islamic cutural and religious education for both children and adults and to provide Bangladeshi language and cultural education.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the 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 (FRS102).
The trustees 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.
Signed on behalf of the charity's trustees
Jahir Ali Trustee 12 June 2025
Page 2
**Gravesham Muslims Cultural and Educational Centre Statement of Financial Activities**
## **for the year ended 30 September 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net income**
6
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
63,356|**Total funds**
**2024**
**£**
63,356|**Total funds**
**2023**
**£**
68,816|
|---|---|---|---|
||63,356
1,918
56,309|63,356
1,918
56,309|68,816
468
50,575|
||58,227
-|58,227
-|51,043
-|
||5,129
-|5,129
-|17,773
-|
||5,129|5,129|17,773|
||5,129
492,115|5,129
492,115|17,773
474,341|
||497,244|497,244|492,114|
Page 3
**Gravesham Muslims Cultural and Educational Centre**
## **Balance Sheet**
## **at 30 September 2024**
|**Charity No. 1136194**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
8
389,123
389,123
**Current assets**
Debtors
9
16,008
Cash at bank and in hand
92,574
108,582
**Creditors:**Amount falling due within one year
10
(461)
**Net current assets**
108,121
**Total assets less current liabilities**
497,244
**Net assets excluding pension asset or liability**
497,244
**Total net assets**
497,244
**The funds of the charity**
**Unrestricted funds**
11
1
General funds
497,244
497,244
**Total funds**
497,244|**Charity No. 1136194**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
8
389,123
389,123
**Current assets**
Debtors
9
16,008
Cash at bank and in hand
92,574
108,582
**Creditors:**Amount falling due within one year
10
(461)
**Net current assets**
108,121
**Total assets less current liabilities**
497,244
**Net assets excluding pension asset or liability**
497,244
**Total net assets**
497,244
**The funds of the charity**
**Unrestricted funds**
11
1
General funds
497,244
497,244
**Total funds**
497,244|**2023**
**£**
391,426|
|---|---|---|
|||391,426
17,089
84,231|
|||101,320
(632)|
|||100,688
492,114|
|||492,114|
|||492,114|
||||
||1|1|
||497,244
497,244
497,244|492,115|
|||492,115|
|||492,115|
Approved by the trustees on 12 June 2025
And signed on their behalf by:
Jahir Ali Trustee 12 June 2025
Page 4
**Gravesham Muslims Cultural and Educational Centre Statement of Cash flows**
## **for the year ended 30 September 2024**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Decrease/(Increase) in trade and other receivables
(Decrease)/Increase in trade and other payables
**Net cash provided by operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
5,129
2,304
1,081
(171)
8,343
-
-
8,343
84,231
92,574
92,574
92,574|**2023**
**£**
17,773
2,580
(17,089)
632|
|---|---|---|
|||3,896|
|||-|
||||
|||-|
||||
|||3,896|
|||-|
|||3,896|
||||
|||84,231|
||||
|||84,231|
Page 5
**Gravesham Muslims Cultural and Educational Centre**
**Notes to the Accounts**
## **for the year ended 30 September 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
**Gravesham Muslims Cultural and Educational Centre Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 7
**Gravesham Muslims Cultural and Educational Centre**
**Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 8
**Gravesham Muslims Cultural and Educational Centre**
## **Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
4
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
_Governance costs_|**Unrestricted**
**£**
63,356
63,356
**Unrestricted**
**£**
1,918
1,918|**Unrestricted**
**funds**
**2023**
**£**
68,816
68,816
468
50,575
51,043
17,773
17,773
17,773
474,341
492,114
**Total**
**2024**
**£**
63,356
63,356
**Total**
**2024**
**£**
1,918
1,918|**Total funds**
**2023**
**£**
68,816|
||||68,816
468
50,575|
||||51,043|
||||17,773|
||||17,773|
||||17,773
474,341|
||||492,114|
||||**Total**
**2023**
**£**
68,816|
||||68,816|
||||**Total**
**2023**
**£**
468|
||||468|
Page 9
**Gravesham Muslims Cultural and Educational Centre**
## **Notes to the Accounts**
## 5 **Other expenditure**
|Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
6
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
7
**Staff costs**
Salaries and wages
No employee received emoluments in excess of £60,000.
8
**Tangible fixed assets**
**Cost or revaluation**
At 1 October 2023
At 30 September 2024
**Depreciation and**
**impairment**
At 1 October 2023
Depreciation charge for the
year
At 30 September 2024
**Net book values**
At 30 September 2024
At 30 September 2023
9
**Debtors**
VAT recoverable
Other debtors|**Unrestricted**
**£**
37,156
14,823
2,304
1,164
862
56,309
**2024**
**£**
2,304
**2024**
37,156
37,156
**Land and**
**buildings**
**£**
368,386
368,386
-
-
-
368,386
368,386
**2024**
**£**
8
16,000
16,008|**Total**
**2024**
**£**
37,156
14,823
2,304
1,164
862
56,309
**Fixture and**
**fittings**
**£**
46,238
46,238
23,197
2,304
25,501
20,737
23,041|**Total**
**2023**
**£**
31,081
15,206
2,580
1,208
500|
|---|---|---|---|
||||50,575|
||||**2023**
**£**
2,580
**2023**
31,081|
||||31,081|
||||**Total**
**£**
414,624|
||||414,624|
||||23,197
2,304|
||||25,501|
||||389,123|
||||391,427|
||||**2023**
**£**
103
16,986|
||||17,089|
Page 10
**Gravesham Muslims Cultural and Educational Centre Notes to the Accounts**
## 10 **Creditors:**
amounts falling due within one year
|Other taxes and social security
Other creditors
Accruals
11 **Movement in funds**
**At 1 October**
**2023**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
492,115
**Total funds**
492,115
12 **Analysis of net assets between funds**
Fixed assets
Net current assets
13 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
63,356
63,356|**2024**
**£**
221
-
240
461
**Resources**
**expended**
**£**
(58,227)
(58,227)
**At 1 October**
**2023**
**£**|**Gross**
**transfers**
**£**
-
-
**Unrestricted**
**funds**
**£**
389,123
108,121
497,244
**Cash flows**
**£**|**2023**
**£**
-
382
250|
|---|---|---|---|---|
|||||632|
|||||**At 30**
**September**
**2024**
**£**
497,244|
|||||497,244|
|||||**Total**
**£**
389,123
108,121|
|||||497,244|
|||||**At 30**
**September**
**2024**
**£**|
|||84,231|8,343|92,574|
|||84,231
84,231|8,343
8,343|92,574|
|||||92,574|
Page 11
**Gravesham Muslims Cultural and Educational Centre Detailed Statement of Financial Activities**
## **for the year ended 30 September 2024**
|**Income and endowments from:**
Donations and legacies
Donations
**Total income and endowments**
**Expenditure on:**
Charitable activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixture and
fittings
Bank charges
Stationery and printing
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**|**Unrestricted**
**funds**
**2024**
**£**
63,356
63,356
63,356
1,918
1,918
1,918
37,156
37,156
3,163
6,464
73
1,101
4,022
14,823
2,304
198
15
951
3,468
862
862
56,309
58,227
-
5,129|**Total funds**
**2024**
**£**
63,356
63,356
63,356
1,918
1,918
1,918
37,156
37,156
3,163
6,464
73
1,101
4,022
14,823
2,304
198
15
951
3,468
862
862
56,309
58,227
-
5,129|**Total funds**
**2023**
**£**
68,816|
|---|---|---|---|
||||68,816|
||||68,816
468|
||||468|
||||468
31,081|
||||31,081|
||||3,796
5,330
75
1,037
4,968|
||||15,206|
||||2,580
187
183
838|
||||3,788|
||||500|
||||500|
|||||
||||50,575|
||||51,043
-|
||||17,773|
Page 12
**Gravesham Muslims Cultural and Educational Centre Detailed Statement of Financial Activities**
|**Gravesham Muslims Cultural and Educational Centre**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|5,129
-
5,129
492,115
497,244|5,129
-
5,129
492,115
497,244|17,773
-|
||||17,773|
||||474,341|
||||492,114|
Page 13