soirrH BEDFORD ISLAMIC CULTURAL c£KfRE Registered charity Number: 1147899 Trustees Report Financial Statements For the year ended 31" December 2024 South Bedford 151amiC Cvliural Centre- 1147899
SOUTH BEDFORD ISLAMIC CULTURAL CENTRE Report of the Trustees for the year ended 31" December 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024 and confirm they comply with the Charities Act 1993, as amended by Charities Act 2006, the trust deed and the Charitios SORP 2005. Reference and Administrative Information Charity Name: SOUTH BEDFORD ISLAMIC CULTURAL CENTRE Charity Registration Number: 1147899 Principal Office: 5 Elstow Road Bedford MK42 9NU Board of Trustees Executive Committee Chairman: Mr Mohammed Shohel Miah Secretary: Mr Jamal Uddin Treasurer-. Mr Mohammod Toskir Ali Accountant Accurate Acc Ltd 18, Laburnum Avenue Bedford MK404HQ Bankers Natwest Bedford MK401YN South Bedford Islami¢ Culiural Centre- 1147899
SOUTH BEDFORD ISLAMIC CULTURAL CENTRE For the year ended 315t December 2024 Strurture overnance and mana ement Governing document: South Bedford 151amic Cultural Centre was constituted as a non-profitable Trust and registered with the charity commission in June 2012 under the charity number 1147899. It is governed by standard Memorandum & Articles of Association. Organisational structure: The Executive committee responsible for general control and management of the charity. The committee give their time freely and receive no remuneration or other financial benefits. The committee meet together as a body at least 4 time a year or as when necessary and are responsible for all decision taken in relation to running the charity. Rlsk management: The Trustees always perform risk assessments for all of the activities they run and put in place appropriate measures to deal with any risks. Appropriate Disclosure and Barring Service IDBSI checks are carried out on all volunteerslstaff who have access to children. Achievements and Performance: During the year the charity has been able to continue its SUPPOrt for educational classes, which provide facilities for around 100 children. Financial Review: During the year the charity received £75,441.00 by the way of public donations, Qarz e H35ana and fee5 from religious classes. The net movement of funds show a Surplus of £57,654.00 which has been added to the reserves. South Bedford Islamic Cullural Centfe- 1147899
The Trustees believe that the charity should hold financial reserve5 because it 15 mostly dependent on its income from local worshipper5. As these funds may be subject to fluctuation from time to time the Trustees have decided to Set 3 level of reserves which equate in value to approximately 6 months expenditure which the Trustees have estimated will be approximately £30,000 primarily used for ongoing current activities such as staff ing cost5 of the organisation and further improvement5 in relation to the sites building works and maintenance Costs. In view that the purpose of the reserves IS to meet immediate shortfalls in funding, the Trustee5 have decided that it is appropriate that the reserves shown in the balance sheet are represented by funds held in short term deposits and current bank accounts. The Trustees have considered the most appropriate policy for investing funds and have reviewed ways in generating income and capital growth to meet their requirements. South Bedford Islamic Cultural Centre- IY47899
SOUTH BEDFORD ISLAMIC CULTURAL CENTRE For the year ended 31" December 2024 Plans for the future eriods The charity will continue with the current activities and has obtained substantial donations for 2022. The key future plans are.. al To continue to help and give religiou5 guidance for the community. bl To continue to promote good relations with all other ethnic rninorities. cl To ensure that all the remainin8 buildin8 works are completed successfully within the allowed timescales. dl To continue to build and encourage community access to the education facilities. el To encourage participation from women to engage in Arabic classes. f l To introduce additional classes for children up to GCSE level. Ob ectlves and Activities The Charity's objectives are for the benefit of the general public resident in and visitin8 Bedford Ithe area of benefit), in particular but not exclusively those people who are of Muslim faith, by: The advancement of the Religious of Islam guided by the Quran and Sunnah. The relief of poverty by providing advice, representation, counselling, translating and interpreting services and other assistance in matters such as asylum, immigration, money, debts, welfare benefits, housing, health, education, training, and employment,. The promotion of good race and community relations with other ethnic communities in the area of benefit. To assist in funeral arrangements for families of deceased worshipers. The charity 15 very involved in the community and is dependent on the voluntary help from the local residents who support the Masjid by not only voluntary service Such as maintenance and repair work to the centre but by donations to help promote its objectives. South Bedford 151amic Cullural Centre- 1147899
SOUTH BEDFORD ISLAMIC CULTURAL CENTRE For the year ended 315t December 2024 Statement of Trustees, res onsibilities The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and UK Accounting Standards. The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 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 Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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. The trustees for the purpose of charity law who served during the year and up to the date of this report are set out on page l. This report was approved by the trustees on *.q.i.o/.Lai4. and signed on their behalf by '. IMOIIANMOD T04KI£ hLI DIWIM M60 SHdHÉk PAIfl ITreasLJrerl (Chair South Bedford Islamic Cultural Centre- 3147899
SOUTH BEDFORD ISLAMIC CULTURAL CENTRE For the year ended 31, December 2024 Independent Examiners Report to the Trustees of RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charit¢5 trustee consider that an audit is not required for this year (under section 43121 of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to examine the accounts (under section 43 of the Act) to follow the procedures laid down in the General Directions given by the charity commissionlunder section 4317llbl of the Act), and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT Accurate Acc Ltd was appointed as the charitable company's independent examiner. My examination was carried out in accordance with general Direction given by the charity commission. An examination includes a review of the accounting records kept by the charitv and a comparison of the accounts presented with those records. It is also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter has come to my attention, which gives me reasonable cause to believe that in, any material respect the trustees have not met the requirements to ensure that: -proper accounting records are kept lin accordance with section 41 of the Act).. and .accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act,. or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Accurate Acc Ltd 18,Laburnum Avenue Bedford MK404HQ South Bedford Islamiccultural CEntre- 114789
South Bedford Islamic Cultural Centre Statement of financial Activities For the year ended 31 December 2024 The statement of financial adivities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. Incomi resources: 2024 2023 Membership & Donations Ramadhan and Occassions Mu5allah Collertions Gift Aid received Qarz e Hasana Friday Collection Donated Vegetables sales Arabic Classes Grant Totsl Incoming SOurCeS 75,441 1,545 15,250 43,648 4,861 3,2tK) 75.441 68,564 75.441 Resources Ex Light & Heat Arabic Classes Hadiya Imam's Hadia Building Insurance Ramadhan expnses Annual Programmes Printing & Stationery Repairs and renewals Cleaning & maintenance Legal and Professional fees Building work Radio Scanner Repay Qarz e Hasana Totsl resources expended ended 4,$42 8,953 650 575 375 2,1(X) 8,620 17,787 12,092 Netmovementinfunds 57,654 56,472 South eedford IslamicCvltur31 C@ntre- 1147899
South Bedford Islamic Cultural Centre Balance sheet For the year ended 31 December 2024 2024 2023 FIXED ASSErs Property Furniture & equipment 238,895 104,458 238,895 104,458 343,353 CURRENT ASS5 Bank Current Account Bank Savings Account 75,441 8,326 83,767 145.944 12,( 157,944 Current Liabilities Accruals Creditors 83.767 157,944 Creditorfalling due after one year: Qarz E Hassanah Mortgate -42( 83,767 Net Current Assets Net Assets 427,120 459.297 Totsl Funds: 427,120 459,297 These accounts were approved by the Trustees on and signed IPre5identl {Treasurerl South Bèdford 1513miC Cultural Centre- 1147899
Notes formlng part of the Financial Statements for the year ended 31" December 2024 l. Accounting Policies The financial statements have been prepared in accordance with the Companies Act 1985 and the Statement of Recommended Practice.. Accounting and Reporting by Chèrities issued in March 2005. 2. Trustee Remuneration & Related Party Transactions No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. 3. Taxation As a charity, South Bedfofdbslamic Cultural Centre is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or $256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charitv. 10 Soulh Bedford 1514mlc Cultural Cenire- 1147899
- Tangible Fixed Assets: 2024 2023 FIXED ASSErs 238,895 104,458 Property Furniture & equipment 238,895 104,458 343,353 343.353 CURRENT ASSETS Bank Current Account Bank Savings Account 75,441 8,326 83,767 145,944 12,CLK) 157,944 Current knabilitles Accruals Creditors 83,767 157,944 Creditorfalling due after one year: Qarz E Hassanah Mortgate -42CMJ)
- 115,944 83,767 Net Current Assets Net Assets 427.120 459,297 Total Funds . 427,120 459.Z97 11 Souftt Bedford Islamiccultural Centre- 1147899