REGISTERED CHARITY NUMBER: 1138280 Trustees, Report an Financial Statements for the Year Ended 30th September 2022 for REDHILL ISLAMIC STUDY CIRCLE Silver Ar¢ Chartered Certified Accouniants & Registered Auditors l Quarlity Court Chancery Lane London WC2A I HR
REDHILL ISLAMIC STUDY CIRCLE Contents of the Financial StAtement$ FOR THF. YEAR F.NDF.D 30TH SF.wfEMBER 2022 Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Ba12n£e Sheet Note5 to the Financial Statements 8 to 12 Detailed Statemtnt of Financial Activitits
REDHILL ISLAMIC STUDY CIRCLE Trustees, Report FOR THE YEAR ENDED 30TH SEvfEMBER 2022 Tl)e trustees present their report with the linancial statements of the charity for the year ended JO Sep 2022. The trustees have adopted the provisions of Accountingy aiid Reportingl b), Charities.. Statetnent of Recoinmeiided Practice applicable ro charities preparing their accounts in accordance 1th the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). The Charit Redhill Islamic sdY Circle (RISC) is constituted as a charitable tti]St registered M'ith charities commission in October 2010 under chanty number I130280.The charity is governed b}, its deed of trust and con%titutes an unincorporated charity. Irs niain specialisation Currentl compromises of a Mosque and Madrassah. RISC is coniii)uously working with local authoritle5. Lharities and or¥anisdt10115 to allow dcces5 to Isliimic educdtion aiid the use of our faLilities. Charit Trustees There are six Trustees of the Redhill Islami¢ Study Circle who oversee the smooth running of the Cliarity. Trustees are valuable assets for the charity because the>, bring an outside viewpoint and a wealth of experience and knowledge in cominunity work. Finanee Trustees meet regularly to discuss the financial health of the Charity.The Charity has implemented its own strict finaiiLial procedures to ensure all assets, including moiiey are used respoiisibly. The Cl)arity ensures its Asset Re¥ister is kept up to date. The Charity adheres to the Mone), Laundering Regulatioiis and all meTnbers pay due Tegard to the Charity Commission guidance on Public Benefit when deciding its activities, ensuring it meets the Charity's aims. The Charitj relies on donations fron) the communit}, and lund-raising even(s w cover at least part of the running costs. OBJECTIVES AND ACTIVITIES Objecti>e5 and aims The objects of the Charity are to advance the Islamic f8lth in Redhill, Surrev Area for the benefii of the public in particular through the holding of the prayer meetings, lectures, the public celebration of religious fesiivals and the distribution of literature on the Islamic faith to enlighten other5. A dedicated team of scholars and volunteers arrange regular Islamic events and ialks both in English and Urdu. The masjid is led by Imam Hafiz Abdul Sattar (chair person), a teacher with exceptional know'ledge and commitn)ent. RISC is an independent Muslim masjid that provides facility for 5 daily prayers for Muslims and also provides learning facilities for"The Holy Quran" The promotion L)f good quality Islamic education has been a CL)niinuing aim and objective of the Charity since its establishment. The Charirv also aims io promo a uniied community. li is continual in its condemnaiilin of religious hate crimes Page I
REDHILL ISLAMIC STUDY CIRCLE Trustees, Report FOR THE YEAR ENDED 30TH SEvfEMBER 2022 OBJECTIVES AND ACTIVITIES Significant activities Reli ivus Aetivitits l) Prayer The masjid provides a centre for our prayers and worship and for the a¢tivities as%aciated with our faith. During the week we have about l 00- 150 people who regularly attend daily and Friday Prayers. 2) Marriag¢ Solemnisatio Family life is tlie buildiiig block of a success] society, and inarria¥e is an occasion of ¥reat joy iii the Muslim community. RISC facilitates the solemmsation of an Islamic contract of marriage. The newly married couple is provided with an official 'Nikah" certificate to show that they have been married according to Islamic law. 3) Religious Advice & Counselling Muslims turn to Tnasjid for ¥uidaiice and advice in all Tnatter5 of their day-to-day life. RISC has traiiied imams 10 advice and counsel on the many concerns of the community such as bereavemeni, cultural challenges, generational issues and matrimonial problems 4) Funeral Service Funeral rites for a Muslim must be observed according to Islamic religiou5 guidelines. In sha Allah we will be planing these arrangements m the near future, so all Miislims from Surre)('Sussex and nearby areas are able to use funeral services. Public benefit Tl)e Trustees confirm that tl)ey have complied w'ith the duty in sectioi) 4 of the Charities Act 201 I to have due regard to piiblic benefit guidance published by the Commission in deterniining the activities undertaken by the Charity. Volunteers Thc cliarity benefiis from g team of dedicated and comniitted volunteers, who are skilled in many areas. They are key to the success of the chariiy in delivering public benefit to the community.They have cOntribud Iheir lime and effons to drive the organisation forward to ensure that more people. particularly tl)e youth, Lan benefit fiom the seivices and activities that the charity offer. FINANCIAL REVIEW Resee5 poliev Charity has funds applied io the relevai)t purpose. An analysis of expenditure is shown in the Statement of Financial Activities on page 10. The reserves currentl). stsnds at £399,488 and details are as follows.. Unrestricted funds £399,488 Restricted fuiids £0 FUTURE PLANS We intend to carry on helping the lo¢al Muslim community fulfil there religious duties by providing ampl¢ space for prayers and other religious activities i.e. children's religious education and any ancillary services. STRUCTURE, GOVERNANCE AND MANAGEMENT GoTrerning document The charity is contTolled by its governing document, a deed of trust and constitutes an unincoTporated charity. Page 2
REDHILL ISLAMIC STUDY CIRCLE Trustees, Report FOR THE YEAR ENDED 30TH SEvfEMBER 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty ro identify and review the risks to which the charity is exposed and to ensure appropriate controls are iii place to provide reasoiiable assuTaiice against fraud aiid error. Systems are consistently being reviewed and updad as and when warranted w diminish ideniified risks ro an acceptable level. Control systeins, insurance cover and other measures are used as appropriate. The trustees also recognise the need to maintain the Charitys independence and develop incL)me strategies 10 ensure the Charity'5 fiiiancial stability well into the 21 st century. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charitv number 1138280 Principal addres5 Baiilebridge Hall 181 Frei)ches Road REDHILL RHI 2HZ Trustees Mr Abdul Saattar Basar- Chairperson Mr Muhainmed SaleeTn Khaii- Secreiary Mr Mohammed Afzal Mr Zubair Basar Mr Nadeeni Qureshi Mr Asif Ha)'at Akhtar Independent Examiner Usman Zahoor {FCCA) Silver Arc Chartered Certified Actountants & Registered Auditors l Quarlity Court Chaiicery Lane London WC2A I HR STATEMENT OF TRUSTEES, RESPONSIBILITIES The irusiees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Uiiited Kin¥dotn Accounting Staiidards (United Kin¥doTn Generally Accepted Accountin¥ Practice}. The law applicable ro charities in England and Wales, Ihe Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires tl)e trustees to prepare lii)ancial statements lor each financial year which give a true and fair view of the state of affairs of the cliarity and of the incoming resoiirces and application of resources, including the income and expenditure, of the ¢hariN for that period. In preparing those financial staten)ents. the trustees are required to select suitable accounting policies and then apply them consistently- observe ihe methods and principles in the Charity SORP- make judgenients and estiTnates tliat are reasonable and prudent; prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the ¢hariry M'ill continue in business. Page 3
REDHILL ISLAMIC STUDY CIRCLE Trustees, Report FOR THE YEAR ENDED 30TH SEvfEMBER 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES- Continued The trustees are respoiisible for keeping proper accounting records which disclose with reasonable accurac}. at any time the financial position of the chariry and to enable them to ensure that the financial staiemenis compl}, with Ihe Charities Act 201 I, the Charity (ALcounts and Reports) Regulations 2008 and the piovisioi)s ol. the trust deed. The), ale also re5poiisible for safegFuarding the asset5 of the charity and Iience for taking reasonable steps for the preventioii and detection of fraud and other irregularities. The trustees are responsible for the maintenai)ce and integrity of the charity at]d financial infomiation included on the charitv'% website. Legislation in the United Kingdom governing th¢ preparation and dissemingtion of financial statements may ditTer from legislation in other jurisdictions. Approved by order of the board of trustees on 28th July 2023 and signed on its behalf by.. Z Basar- Trustee Page 4
Independent Examiner's Report to the Trustees or REDHILL ISLAMIC STUDY CIRCLE Indepenilent examiner's report to the trustees of REDHILL ISLAMIC STUDY CIRCLE I report to the charity tnjstees on m), examination of the accounts of REDHILL ISLAMIC STUDY CIRCLE {the Trust) for the year ended 30th September 2022. Responsibilitie5 and basi5 of report As the chariry trustees of the Trust you are responsible for the prepargtion of the accounts in accordance with the requiren)ents of the Charities Aet 2011 I'the Act'}. I repon in respect L)f 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 Seciilin 145{5)(bl of the Act. Independent examiner's st#tement I have con)pleted my exainiiiation. 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= accounting records were not kept in respect of the Trnst as required by Section 130 of the Act,. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accouiits and Reports) RegFulation5 2008 other tlian any requirement that the accounts ¥ive a twe and fair view which is not a matter considered as pan of an independent examination. I have lio conceTll5 and have coine across no other matters in coiinection with the exaTnination to which attentioii should be draTr in this report in order to enable g proper understsnding of the ac¢oiints to b¢ reached. U Zahoor Usman Zahoor (FCCA) The Association of Chartered Certified Accouniants Silver Arc Chartered Certified Accouniants & Registered Auditors l Quarlity Court Chancery Lane London WC2A IHR 28th July 2023 Page 5
REDHILL ISLAMIC STUDY CIRCLE Statement of Financial Activities FOR THE YEAR ENDED 30TH SEvfEMBER 2022 30P)122 Unrestricted fund 3019121 Total funds Notes INCOMF. AND F.NDOWMENTS FROM Donation5 and lebTacies 94,621 30,568 EXPENDITURE ON Charitable aetivities Mosque and Community 22,549 16,502 (hher 963 579 Total 23,512 17,081 NET INCOME 71,109 13,487 RECONCILIATION OF FUNDS Total funds brou¥ht forward 328?80 314,892 TOTAL FUNDS CARRIED FORWARD 399,489 328,379 The notes fonn part of these financial statements Page 6
REDHILL ISLAMIC STUDY CIRCLE Balance Sheet 30TH SEFfEMBER 2022 30P)122 Unrestricted fund 3019121 Total funds Notes FIXF.D ASSETS TaiigFible as5et5 270,828 272,655 CURRENT ASSETS Cash at bank 130,461 55,724 CREDITORS Aniounis falling due within one year (1.800) NET CURRENT ASSETS 128,661 55.724 TOT AL ASSETS LESS CURRENT LIABILITIES 399.489 328,379 NET ASSETS 399,489 3?8,379 FUNDS Unrestricted funds 399,489 328,379 TOTAL FUNDS 399,489 328,379 The financial statements were approved b}, the Board of Trustses and authorised for issue L)n 28ih July 2023 and were signed on lis behalf by.. Z Basar- Trustee A H Akhtar- Trustee The notes fonn part of these financial statements Page 7
REDHILL ISLAMIC STUDY CIRCLE Noles to th¢ Financial Stal¢Ments FOR THE YEAR ENDED 30TH SEvfEMBER 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial siaiements of the charitv. which is a public benefit entiry under FRS 102. have been prepared in accoTdance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chgrities preparing their accounts in accordance '1th the Finan¢ial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reportiiig Standaid 102 'The FinaiiLial Reportiiig Standard applicable in the UK and Republic of Irelaiid, and the Charities Act 2011. The financial statcment% have been PTcpared under the historical cost convention. In£om¢ All income is recognised in the Statement of Finai)cial Activities once the charity has eniitlemeiit io the funds, it is probable that the income will be received aiid the atnount can be inea5ured reliably. Expcnditure Liabilitie5 are recognised a5 expenditure as soon as there is a legal or constructive obligation committing the charity, to that expenditure, it is probable thai a transfer of economic benefits will be required in settlement and the amouiii of the obligation can be measured reliably. Expendiiure is accounied for on an accruals basis and has beeii classified under headings that aggFregFate all c05t related to the categFory. Il'here cost5 cannot be directly attributed to particiilar headings the), have been allocated to aciivities oil a basis consistent with the use of resources. Tangible filed assets Tai)gible fixed assets are sthted at historical cost less accumulated depreciation and any a¢cumulad impaimjent losses. Historical cost includes expeiiditure that is directly attributable to bringing the asset to the locatioii and condition necessary for it to be capable of operating in the manner intended by manggement. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a strai¥ht line or reducing balance nietliod, as indicated below. Depreciaiion is provided on Ihe following basis.. Land & Building- lQ/o Straight Line The assets. residual values. useful lives and depreciation methods are reviewed, and adjusted prospectively if approprigte, or if there is an iiidicatioii of a significant change since the last reporting date. Gains and losses on disposals are detemiined by comparing the proceeds with the carrying amount and are recogi)ised in profit or loss. Taxation The charity is exempt from tax on its cl)aritable activities. Fund accounting Unrestricted funds can be used iii accordance with the charitable objectives at the di5cretioii Of the trustees. Restricied funds can only be used for particular restricied purposes wiihin the objects of the charitv. Restrictions arise wheii 5pecifJed by the donor or wheii l]dS are raised for particular restricted PUTP05es. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 8 continued...
REDHILL ISLAMIC STUDY CIRCLE Noles to th¢ Financial Stal¢Ments- continued FOR THE YEAR ENDED 30TH SEvfEMBER 2022 SUPPORT COSTS Governance costs Management Finance Totals Other resources expended M05que and Community 199 704 963 1,800 1,800 199 764 1,800 2,763 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneraiion or other benefits for the year ended 30ih September 2022 nor for the year ended 30th Septeinber 2021. Trustees, expenses There wer¢ no trustees, expens¢s paid for th¢ year ended 3(hh September 2022 nor for th¢ yegr ended 30th September 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donaiions and legacies 30,568 EXPENDITURE ON Charitable activities Mosque and Community 16,502 Other 579 17,081 NET INCOME 13,487 RECONCILIATION OF FUNDS Total funds brought forw'ard 314,892 TOTAL FUP4DS CARRIED FORWARD 328.379 Page 9 continued...
REDHILL ISLAMIC STUDY CIRCLE Noles to th¢ Financial Stal¢Ments- continued FOR THE YEAR ENDED 30TH SEvfEMBER 2022 TAP4GIBLE FIXED ASSETS Freehold propertv COST At I st October 2021 and 30th September 2022 272,655 DEPRECIATION Charge for year 1,827 NET BOOK VALUE At 30th September 2022 270,828 At 30th September 2021 27?,655 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3019122 3019121 Other creditors 1,800 MOVEMENT IN FUNDS Net movement in funds At 1.10.21 At 30.9.22 Unrestricted funds General fvnd 328,380 71,109 399,489 TOTAL FUP4DS 328,380 71,109 399,489 Net mlivement in funds, included in the above are as follows= Incoming resources Resources expended Movement in fund5 Unrcstrietcd funds General fund 94,621 (23,512) 71,109 TOTAL FUNDS 94,621 (23,512) 71,109 Page 10 continued...
REDHILL ISLAMIC STUDY CIRCLE Noles to th¢ Financial Stal¢Ments- continued FOR THE YEAR ENDED 30TH SEvfEMBER 2022 MOVEMENT IN FUNDS- eontinued Comparatives for mo£m¢nI in funds Net moi'ement in funds At 1.10.20 At 30.9.21 UDrestricted fund5 General fund 314.892 13.487 328,379 TOTAL FUP4DS 314.892 13.487 328.379 Comparative nei movement in funds. included in the above are as follows.. Incoming resources Resour¢e5 expended Movement in funds Unrestricted funds General 30,568 (17.081} 13,487 TOTAL FUNDS 30,568 117,081) 13,487 A cUent year 12 months and prior year 12 months combined position is a5 follows.. Net movement in funds At 1.10.20 At 30.9.22 Unrestrieted funds Geiieral 1)d 314,892 84,596 399,488 TOTAL FUNDS 314,892 84.596 399,488 A current year 12 months and prior year 12 months combined net movement in nds, included in the above are as follom's.. Incoming rL'sourccs Resour¢¢5 expended Mtjvement in funds Unrestrieted funds Geiieral l)d 125,189 140,593} 84,596 TOTAL FUNDS 125,189 140,593) 84,596 Pagell continued...
REDHILL ISLAMIC STUDY CIRCLE Noles to th¢ Financial Stal¢Ments- continued FOR THE YEAR ENDED 30TH SEvfEMBER 2022 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30th September 2022. Page 12
REDHILL ISLAMIC STUDY CIRCLE Detailed S¢al¢Ment of Financial Activities FOR THE YEAR ENDED 30TH SEvfEMBER 2022 3019122 3019121 INCOME AND ENDOWMENTS Donation5 and legacies Donatioiis 94,621 30,568 Total incoming resourees 94.621 30,568 EXPENDITURE Charitable activities Rate5 and water Light and heat Teleplione Postage and stationery Sundries Imam Services Repair & Miiintenance Cleaning Freehold property 445 3,045 319 197 60 14 J40 356 160 1,827 223 1,280 297 13,600 1,102 20,749 16,502 Support costs Management Travel & Subsistence 199 Finance Insurance Bank charges 406 358 579 764 579 Covcrnance eogts Independent Examinerfs Fees 1,800 Total resources expended 23,S12 17,081 Net income 71,109 13,487 This page does Iiot fotyn part of the Statutory financial statement5 Page 13