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2025-04-30-accounts

Croydon Islamic Academy

(A company limited by guarantee)

Report of the Trustees

For the year ended 30 April 2025

The trustees present their annual report and financial statements for the year ended 30 April 2025. The trustees, who are also directors of the charitable company for the purposes of company law, have served during the year and up to the date of this report.

Structure, Governance and Management

Governing Document

Croydon Islamic Academy is a charitable company limited by guarantee, incorporated in England and Wales on 15 April 2010.

The charity is governed by its Memorandum and Articles of Association. It has no share capital and is established as a private company limited by guarantee.

Organisation

The charity is managed by a Board of Trustees, currently consisting of:

The Board meets regularly throughout the year. An Annual General Meeting (AGM) is held annually in addition to trustee meetings as required.

Appointment and Retirement of Trustees

The power to appoint and remove trustees is vested in the existing trustees. Appointment or removal is carried out by a resolution supported by at least two-thirds of the serving trustees.

A formal memorandum of appointment or removal is prepared, signed, and recorded in accordance with the Articles of Association.

Trustee Succession and Board Development

During the year, the Board undertook a review of its governance structure and future strategic direction. As part of this review, it was agreed that planned trustee succession would be beneficial to the continued growth and development of the charity.

Some existing trustees have indicated their intention to step down in the coming period to allow for new appointments. The Board believes that introducing new trustees will bring fresh perspectives, renewed energy, and additional skills to support the charity’s evolving needs.

The charity recognises the importance of balanced governance, combining experience with new insight. The trustees are hopeful that welcoming younger members and individuals with diverse professional backgrounds will help provide new vision, strategic guidance, and longterm sustainability.

The Board places on record its sincere gratitude to outgoing trustees for their dedication, commitment, and service to the community.

All appointments and retirements will be carried out in accordance with the charity’s Articles of Association and governance procedures.

Risk Management

The trustees have assessed the major strategic, operational, and financial risks facing the charity. Systems and procedures are in place to monitor risks and implement mitigation measures where necessary.

Key risks identified include:

The trustees review risks regularly to ensure appropriate controls remain in place.

Objectives and Activities

The objectives of the charity are:

Activities During the Year

During the year ended 30 April 2025, the charity:

Property Development and Expansion

Alhamdulillah, the charity continues to operate from its property in West Norwood, London, serving as a local mosque and Quran learning centre.

Demand from local worshippers continues to grow, and the current facilities are increasingly limited. The trustees are exploring ways to improve and expand the premises to better serve the community.

Fundraising activities have continued throughout the year to support expansion plans and ensure the long-term sustainability of the mosque.

Financial Review

The charity continues to rely primarily on donations and fundraising activities to meet operational costs and future development needs.

The trustees are satisfied that the charity remains financially viable and continues to operate on a going concern basis.

Trustees’ Responsibilities

The trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and UK Generally Accepted Accounting Practice (UK GAAP).

In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy the financial position of the charity and ensure compliance with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and for preventing and detecting fraud and other irregularities.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime under Part 15 of the Companies Act 2006.

Approved by the Board of Trustees on: 5[th] May 2025

Signed on behalf of the Board:

Mr Mohammed Ashraf Hansrot Trustee

Croydon Islamic Academy
Opening Balance £80,603.23
Receipt 69072.26
Interest free Loan
Rent From Flats Above 8800
loan return from masjid 10000
£168,475.49
Payments
Wages £13,885.48
Bank Charges £69.60
Insurance £1,952.32
Loan returned £24,000.00
Subcontractor £9,500.00
HMRC PAYE £795.92
rates £1,875.02
Water £1,385.90
books for madrasa £2,310.70
Interest free Loan to madrasa £50,000.00
Telecom and broadband charges
Donation
Energy £3,302.76
Training
mosque maintianence
Total Payments £109,077.70

Closing Balance

£59,397.79

Croydon Islamic Academy
Opening Balance £80,603.23
Receipt 69072.26
Interest free Loan
Rent From Flats Above 8800
loan return from masjid 10000
£168,475.49
Payments
Wages £13,885.48
Bank Charges £69.60
Insurance £1,952.32
Loan returned £24,000.00
Subcontractor £9,500.00
HMRC PAYE £795.92
rates £1,875.02
Water £1,385.90
books for madrasa £2,310.70
Interest free Loan to madrasa £50,000.00
Telecom and broadband charges
Donation
Energy £3,302.76
Training
mosque maintianence
Total Payments £109,077.70

Closing Balance

£59,397.79