REGISTERED COMPANY NUMBER: 06902369 (England and Wales) REGISTERED CHARITY NUMBER: 1146668
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2025
for
Purley Islamic Community Centre
RA Audit Services Limited (Statutory Auditor) 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW
Purley Islamic Community Centre
Contents of the Financial Statements for the Year Ended 31 May 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Report of the Independent Auditors | 5 to 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Statement of Cash Flows | 11 |
| Notes to the Statement of Cash Flows | 12 |
| Notes to the Financial Statements | 13 to 21 |
Purley Islamic Community Centre (Registered number: 06902369)
Report of the Trustees
for the Year Ended 31 May 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
Structure, governance and management
Purley Islamic Community Centre is a company Limited by guarantee (incorporated on 11 May 2009) and a registered charity in England (number 1146668, registered on 29 March 2012) governed by its governing document, a deed of trust
Trustees of the Charity are nominated and appointed in accordance with the terms set out in the Articles of Association.
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the charity are:-
" To uphold and preserve the religion of Islam in accordance with the tenets and doctrines of the Sunni and Hanafi school of thought
" To promote harmony and understanding between the Muslim community and other Faith communities
" To provide educational facilities for adults and children
" To establish and run a community centre and a prayer facility in Purley in furtherance of the aforementioned objects
" To purchase land and property in furtherance of the above objectives
" To assist financially and / or otherwise members of the community in need
" To work in cooperation and to coordinate with other similar organisations
" To seek financial assistance from the community in furtherance of the above objectives
" To make the building and operations as environmentally friendly as possible bearing in mind the cost benefit analysis
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Purley Islamic Community Centre (Registered number: 06902369)
Report of the Trustees for the Year Ended 31 May 2025
OBJECTIVES AND ACTIVITIES
Achievements and performance
The year ending 31 May 2025 marked a period of sustained progress in advancing our mission to construct a new Purley Masjid at its original site. Despite having less emphasis on large-scale fundraising efforts this year compared to previous years, we still achieved significant contributions to the restricted funds allocated for the masjid rebuild as well as unrestricted funds, Weekly community collections continued to play a central role in our fundraising activities, complemented by smaller targeted campaigns that maintained community engagement and support.
A notable milestone during the year was the completion of the basement of the new masjid the most technically challenging aspect of the construction. This critical phase ensured the structural stability necessary to support a six-floor structure. The basement was built to be watertight, with proper drainage systems installed and fire safety as a top priority to ensure the masjid will be a safe place for all its users. The outer and interior partition walls for the first and ground floors have also been completed, and the construction continues to grow taller, bringing us closer to realising our vision. The new masjid has been constructed using insulated concrete from (ICF), a state-of-the-art building technique that ensures excellent insulation and significantly reduces the building's carbon footprint. Plans for the masjid also include the installation of air-source heat pumps and solar panels, further enhancing its sustainability and eco-friendly design. Beyond the constriction, we have expanded our community impact through partnerships and charitable initiatives. WE collaborated with the National Zakat Foundation (NZF) to provide weekly support to the most vulnerable members of our community, making a meaningful difference in their lives. Furthermore, we supported several other charities to raise funds for people suffering worldwide due to natural disasters, such as earthquakes and floods as well as conflicts and wars.account
Financial review
During the financial year, the charity generated unrestricted income of £243,087, representing an increase of 18.09% compared with the previous year. This growth was driven by a number of factors, including a focus on smaller fundraising initiatives to support the masjid rebuilding project, alongside facilitating and supporting charitable fundraising campaigns for various causes across the UK and internationally.
Restricted income, which was received for specific purposes such as the masjid rebuild project, totalled £238,457. Although this represents a slight decrease from the previous year's figure of £240,728, it reflects the continued receipt of pledged donations and ongoing support from the community. As a result, total gross income increased to £481,544, compared with £433,856 in the prior year.
Total expenditure for the year amounted to £165,481, compared with £176,768 in the previous year. Expenditure primarily related to the lease of temporary premises and the day-to-day operational costs of the charity. Careful financial management enabled the charity to reduce overall costs while continuing to deliver its activities and services effectively.
Despite the ongoing challenges associated with operating from temporary premises and progressing the rebuilding project, the charity maintained a healthy level of unrestricted reserves. These reserves provide adequate working capital and financial stability to support the charity's operations over the next 12 to 18 months.
The charity's principal sources of funding continue to be Friday and Ramadan collections, together with general donations from members of the community. These contributions remain essential in supporting both the charity's ongoing activities and its long-term strategic objectives, including the completion of the masjid rebuilding project.
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Purley Islamic Community Centre (Registered number: 06902369)
Report of the Trustees for the Year Ended 31 May 2025
OBJECTIVES AND ACTIVITIES
Volunteers
.The Trustees wish to record their appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of the Charity and are critical in helping to keep the running costs down. No volunteers were remunerated in the year.
Plans for future periods
Following conversion to a CIO, the trustees of the successor charity aim to complete the masjid project by the end of 2026. Once completed, the new facility will provide an adequate and comfortable space for our daily prayer needs as well as a wide range of activities, including youth clubs, children's educational classes, baby and toddler groups, talks and events and much more. This vision underscores our commitment to creating a vibrant and inclusive community hub.
Acknowledgements
Finally, we extend our heartfelt gratitude to our contributors, partners, donors and volunteers for their continued and unwavering support. Their generosity and dedication have been instrumental.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06902369 (England and Wales)
Registered Charity number
1146668
Registered office
130 Brighton Road Purley CR8 4EX
Trustees
W Ahmed Director H Akhtar Director M Rahman (appointed 2.6.25) K Y Z Sharif Director G Sattar (appointed 23.4.26)
Company Secretary
H Akhtar
Auditors
RA Audit Services Limited (Statutory Auditor) 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW
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Purley Islamic Community Centre (Registered number: 06902369)
Report of the Trustees
for the Year Ended 31 May 2025
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Purley Islamic Community Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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BF9D0000-9D2B-46BE-52EE-08DEEF26BEC4
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.......................................................... W Ahmed - Trustee
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Report of the Independent Auditors to the Members of Purley Islamic Community Centre
Opinion
We have audited the financial statements of Purley Islamic Community Centre (the 'charitable company') for the year ended 31 May 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 May 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Report of the Independent Auditors to the Members of Purley Islamic Community Centre
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Members of Purley Islamic Community Centre
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities including fraud are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
The client partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify and recognise non-compliance with applicable laws and regulations.
1) We identified the laws and regulations applicable to the charitable company through discussions with directors, key management personnel and from our commercial knowledge and experience. 2) We focused on specific laws and regulations which we considered may have a direct effect on financial statements or the operations of the charitable company including Companies Act 2006, current taxation legislation, data protection, anti-bribery and money laundering, food safety, school related laws and regulations, employment and health and safety legislation,
3) We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.
4) Identified laws and regulations were communicated with the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by;
1) Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud and
2) Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
1) Performed analytical procedures to identify any unusual and unexpected relationships,
2) Tested journal entries to identify unusual transactions,
- 3) Investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
1) Agreeing financial statements disclosures to underlying supporting documentation.
2) Enquiring of management as to actual and potential litigation and claims and
- 3) Reviewing correspondence with HMRC, enquiring of management over health and safety.
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Report of the Independent Auditors to the Members of Purley Islamic Community Centre
There are inherent limitations in our audit procedures described above. Auditing standards also limit the audit procedures required to identifying non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
BF9D0000-9D2B-46BE-5305-08DEEF26BEC4
Poonam Madani BFP ACA FCCA (Senior Statutory Auditor) for and on behalf of RA Audit Services Limited (Statutory Auditor) 2nd Floor Grove House 55 Lowlands Road Harrow Middlesex HA1 3AW
Date: .............................................
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Purley Islamic Community Centre
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 May 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 196,420 Other trading activities 3 28,067 Investment income 4 18,600 Total 243,087 EXPENDITURE ON Raising funds 27,391 Charitable activities Telephone and internet 580 Rent 54,167 Bank charges 3,548 PICC Clinic - Sundries 3,349 Rates and water 132 Insurance 1,541 Contracted staff 34,009 It software and consumable 2,912 Light and heat - Accountacny fees 540 Legal and professional fees 298 Social and community expenses 15,359 Auditors' remuneration 6,000 Total 149,826 NET INCOME 93,261 RECONCILIATION OF FUNDS Total funds brought forward 667,310 TOTAL FUNDS CARRIED FORWARD 760,571 |
Restricted fund £ 238,457 - - 238,457 - - - - 2,416 - - - - - - - - 13,239 - 15,655 222,802 2,399,107 2,621,909 |
31.5.25 Total funds £ 434,877 28,067 18,600 481,544 27,391 580 54,167 3,548 2,416 3,349 132 1,541 34,009 2,912 - 540 298 28,598 6,000 165,481 316,063 3,066,417 3,382,480 |
31.5.24 Total funds £ 377,033 39,585 17,240 433,858 25,061 347 45,833 3,848 12,536 8,542 406 547 32,378 217 1,896 2,423 35 42,699 - 176,768 257,090 2,809,327 3,066,417 |
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The notes form part of these financial statements
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Purley Islamic Community Centre (Registered number: 06902369)
Statement of Financial Position
31 May 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 33,479 CURRENT ASSETS Debtors 10 15,414 Cash at bank 732,502 747,916 CREDITORS Amounts falling due within one year 11 (20,824) NET CURRENT ASSETS 727,092 TOTAL ASSETS LESS CURRENT LIABILITIES 760,571 NET ASSETS 760,571 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 2,165,557 - 466,770 466,770 (10,418) 456,352 2,621,909 2,621,909 |
31.5.25 Total funds £ 2,199,036 15,414 1,199,272 1,214,686 (31,242) 1,183,444 3,382,480 3,382,480 760,571 2,621,909 3,382,480 |
31.5.24 Total funds £ 1,715,957 - 1,420,305 1,420,305 (69,845) 1,350,460 3,066,417 3,066,417 667,310 2,399,107 3,066,417 |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
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BF9D0000-9D2B-46BE-52F9-08DEEF26BEC4
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. ........... ............................ .....
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W Ahmed - Trustee
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BF9D0000-9D2B-46BE-5322-08DEEF26BEC4
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~~...........~~ ........................... ~~.......~~
H Akhtar - Trustee
The notes form part of these financial statements
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Purley Islamic Community Centre
| Statement of Cash Flows for the Year Ended 31 May 2025 Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.5.25 £ 262,046 262,046 (483,079) (483,079) (221,033) 1,420,305 1,199,272 |
31.5.24 £ 309,148 309,148 (212,151) (212,151) 96,997 1,323,308 1,420,305 |
|---|---|---|
The notes form part of these financial statements
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Purley Islamic Community Centre
Notes to the Statement of Cash Flows for the Year Ended 31 May 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase in debtors (Decrease)/increase in creditors Net cash provided by operations |
31.5.25 £ 316,063 (15,414) (38,603) 262,046 |
31.5.24 £ 257,090 - 52,058 309,148 |
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2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.6.24 £ 1,420,305 1,420,305 1,420,305 |
Cash flow £ (221,033) (221,033) (221,033) |
At 31.5.25 £ 1,199,272 1,199,272 1,199,272 |
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The notes form part of these financial statements
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Purley Islamic Community Centre
Notes to the Financial Statements for the Year Ended 31 May 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets are initially stated at cost and subsequently at cost net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 25% reducing balance
No depreciation has been charged on freehold property as the asset has not yet been brought into use
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes which in this case is mosque reconstruction.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Cash at bank and in hand
Cash at bank and cash in hand includes immediate access and overnight bank deposits. Cash held in fixed term deposit account are also classified as cash at bank and in hand as they are generally held with the overall intention of retaining cash in hand for liquidity purpose.
Going Concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees consider that the transfer represents a continuation of the charitable activities through a new legal structure.
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Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, the trustees are required to make judgments estimates and assumptions about the carrying amount of the assets and liabilities that are not readily apparent from other are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key Sources of estimation uncertainty
The following judgements have had the most significant effect on amounts recognised in the financial statements.
Useful lives of tangible fixed assets
The costs of tangible fixed assets less their residual value are depreciated over their estimated useful economic lives which are estimated by the trustees. Changes in the expected level of usage and technological developments could impact on the useful economic lives of these assets; therefore, further depreciation charges could be revised. The level of provision is required on an on-going basis and is disclosed in accounting policies for tangible fixed assets.
3. OTHER TRADING ACTIVITIES
| Income from charitable activities and events Sundry income 4. INVESTMENT INCOME Rents received |
31.5.25 £ 28,067 - 28,067 31.5.25 £ 18,600 |
31.5.24 £ 35,928 3,657 39,585 31.5.24 £ 17,240 |
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Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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|31.5.25|31.5.24|
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|Auditors' remuneration|6,000|-|
|Other operating leases|54,167|45,833|
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6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
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|31.5.25|31.5.24|
|Employees|1|1|
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No employees received emoluments in excess of £60,000.
USE OF VOLUNTEERS
In addition to one employee on payroll, Purley Islamic Community Centre relies heavily on the contribution of volunteers in delivering its charitable aims and objectives. Volunteers are organised into teams, with supervisors and coordinators overseeing the allocation of duties across the charity's various activities and services. Key areas of operation include Finance, Building Management, Religious and Prayer Services, Children's Education and Madrasah, Community Outreach, Youth Programmes, Kitchen and Food Services, Fundraising, and Media and Audio-Visual Services. The contribution made by volunteers is invaluable to the charity's operations; however, as the value of their services cannot be measured reliably, it is not recognised within the financial statements.
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Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 136,303 240,730 Other trading activities 39,585 - Investment income 17,240 - Total 193,128 240,730 EXPENDITURE ON Raising funds 25,061 - Charitable activities Telephone and internet 347 - Rent 45,833 - Bank charges 3,848 - PICC Clinic - 12,536 Sundries 8,542 - Rates and water 406 - Insurance 547 - Contracted staff 32,378 - It software and consumable 217 - Light and heat 1,896 - Accountacny fees 2,423 - Legal and professional fees 35 - Social and community expenses 11,526 31,173 Total 133,059 43,709 NET INCOME 60,069 197,021 RECONCILIATION OF FUNDS Total funds brought forward 607,241 2,202,086 TOTAL FUNDS CARRIED FORWARD 667,310 2,399,107 |
Total funds £ 377,033 39,585 17,240 433,858 25,061 347 45,833 3,848 12,536 8,542 406 547 32,378 217 1,896 2,423 35 42,699 176,768 257,090 2,809,327 3,066,417 |
|---|---|
Page 17
continued...
Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 9. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 June 2024 1,715,957 Additions 483,079 At 31 May 2025 2,199,036 DEPRECIATION At 1 June 2024 and 31 May 2025 - NET BOOK VALUE At 31 May 2025 2,199,036 At 31 May 2024 1,715,957 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and deferred income 12. MOVEMENT IN FUNDS At 1.6.24 £ Unrestricted funds General fund 667,310 Restricted funds RESTRICTED 2,399,107 TOTAL FUNDS 3,066,417 |
Fixtures and fittings £ 33,479 - 33,479 33,479 - - 31.5.25 £ 15,000 414 15,414 31.5.25 £ 6,322 24,920 31,242 Net movement in funds £ 93,261 222,802 316,063 |
Totals £ 1,749,436 483,079 2,232,515 33,479 2,199,036 1,715,957 31.5.24 £ - - - 31.5.24 £ - 69,845 69,845 At 31.5.25 £ 760,571 2,621,909 3,382,480 |
|---|---|---|
Page 18
continued...
Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 243,087 (149,826) Restricted funds RESTRICTED 238,457 (15,655) TOTAL FUNDS 481,544 (165,481) Comparatives for movement in funds Net movement At 1.6.23 in funds £ £ Unrestricted funds General fund 607,241 60,069 Restricted funds RESTRICTED 2,202,086 197,021 TOTAL FUNDS 2,809,327 257,090 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 193,128 (133,059) Restricted funds RESTRICTED 240,730 (43,709) TOTAL FUNDS 433,858 (176,768) |
Movement in funds £ 93,261 222,802 316,063 At 31.5.24 £ 667,310 2,399,107 3,066,417 Movement in funds £ 60,069 197,021 257,090 |
|---|---|
Page 19
continued...
Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds RESTRICTED TOTAL FUNDS |
At 1.6.23 £ 607,241 2,202,086 2,809,327 |
Net movement in funds £ 153,330 419,823 573,153 |
At 31.5.25 £ 760,571 2,621,909 3,382,480 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources Movement resources expended in funds £ £ £ |
|---|---|
| General fund | 436,215 (282,885) 153,330 |
| Restricted funds | |
| RESTRICTED | 479,187 (59,364) 419,823 |
| TOTAL FUNDS | 915,402 (342,249) 573,153 |
13. RELATED PARTY DISCLOSURES
During the year the Charity was under the control of Trustees and Management Committee members as listed on page 3. None of the trustee or management committee member were remunerated or paid any expenses. However, they used the facilities offered by the Charity for performance of their religious duties like other members of the Muslim community.
Page 20
continued...
Purley Islamic Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
14. POST BALANCE SHEET EVENTS
Subsequent to the year end, the charity transferred its activities, assets and liabilities to a Charitable Incorporated Organisation (CIO). Following completion of the transfer, the charitable company was dissolved. The trustees consider that the transfer represents a continuation of the charitable activities through a new legal structure.
Page 21
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| Document ID | 37bf0000-7681-0a05-0a96-08deef25fa7b |
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| Document bundle ID | 37bf0000-7681-0a05-c308-08deef25fc40 |
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Document Signers
| Name Purley Islamic Community Centre waqar@iconahomes.co.uk Mobile Not Provided IP Address/es 87.74.187.225 Signed on Pages 6, 12 Verification Mode No 2FA |
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| Name Poonam Madani pm@raaccountants.com Mobile +44 7734 961925 IP Address/es 62.254.151.90 Signed on Pages 10 Verification Mode No 2FA |
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| 2026-07-31 | 18:16 | +01:00 | Purley Islamic Community Centre | Document Signed: 2025 PICC Fillted Accounts [FYI-174120978].pdf - |
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| 2026-07-31 | 18:20 | +01:00 | Poonam Madani | Document Signed: 2025 PICC Fillted Accounts [FYI-174120978].pdf - |
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