MOHI & CO CHARTERED CERTIFIED ACCOUNTANTS 98 Commercial Road, London El INU Tel: 0207 488 4767. F8J: 0207 488 2497 Email:mohi92@aol.¢om Company registration number: 08326871 CENTRE FOR ISLAMIC GUIDANCE Unaudited financial ststements 31 December 2020 CENTRE FOR ISLAMIC GUIDANCE Contents Page Directors and other infomation Directors report Accountants report Staternent of comprehensive income Slalement of finan¢i81 position Slalement of changes in equity Notes to the financial statements CENTRE FOR ISLAMIC GUIDANCE Directors and other infomation Directors Mr Abul Barakal Monawar Hasan Mr Abul Kamal Moudood H8S8n Abul Bayan Mohammad Ha5an Company nurnber 08326871 Registered oifice 255-259 Commercial Road London E1 2BT Business address 255-259 Commercial Road London E12BT Accountants Mohi & Co 96 Commercial Road London E1 1NU Page 1 CENTRE FOR ISLAMIC GUIDANCE Directors re Year ended 31 December 2020 The directors present their rewrt and the unaudited financial statements of the company for the year ended 31 De￿rnber 2020. Directors The directors who served the company during the year were as folbws.. Mr Abul Barakat Monawar Hasan MrAbul Kamal Moudood Hasan Mr. Abul Bayan Mohammad Hasan Small company provisions This report has been prepared in accordance wtth the provisions applrcable to companies entf(led lo the small companies exernption. This report was approved by the board of directors on 20 September 2021 and signed on behaff of the board by.. Mr Abul Barak8t Monawar Hasan Director Page 2 CENTRE FOR ISLAMIC GUIDANCE Re ort to the board of directors on the re aration of the unaudited statuto financial ststements of CENTRE FOR ISLAMIC GUIDANCE Year ended 31 December 2020 As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2020 which comprise the statement of Comprehensive income, statement of financial positton, stslement of changes in equity and related notes. You consider that the company is exempl from an audit under the Companies Act 20￿. In accordan￿ with your instructions we have cornpiled these unaudited financial statements in order to assist you lo fulfil your stalulory responsibilities, from the accounting records and from infomation and explanations supplied lo us. Mohi & Co Chartered Certifred Accountants 98 Commercial Road London E1 1NU 20 Seplemter 2021 Page 3 CENTRE FOR ISLAMIC GUIDANCE Statement of com rehensive income Year ended 31 December 2020 2020 2019 Note Turnover Cost of sales Adminislralive expenses Other operating income 73,793 67,085 155,3901 5,000 166,8381 Operatlng profit 23.403 247 Profit before taxation 23.403 247 Tax on profit Profit for the financial year and total comprehensive income 23,403 247 All the activities of the ¢ompany a￿ from continuing operations. Company registratlon number: 08326871 The notes on pages 8 to 11 forni part of these financial statements. Page 4 CENTRE FOR ISLAMIC GUIDANCE ststement of financial osition 31 December 2020 2020 2019 Fixed assets Tangible assets 1,110 1.3C6 1,110 1,3C Current assets Cash at bank and in hand 42.482 18,433 42.482 18,433 Creditors: amounts falling due within one year 13.750) 13,300} Net current assets 38,732 15.133 Total assets less current IlabllltSe8 39,842 16,439 Net assets 39,842 16.439 Capital and resebves Profil and loss account 39,842 16.439 Shareholders funds 39,842 16,439 For the year ending 31 December 2020 the company was entitkd to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies_ Directors responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for comptying with the requirements of the Act wlh respect lo accounting records and the preparation of financial statements. These financial stslements have been prepared in accordan￿ wrth the provisions applicable to companies subject lo the small companies, regirne and in accordance wrth seCt￿n 1A of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. The notes on pages 8 to 11 fomi part of these financlal statements. Page 5 CENTRE FOR ISLAMIC GUIDANCE Statement of financial osition 31 December 2020 continued These financial statements were approved by the board of directors and authorised for issue on 20 September 2021, and are signed on behalf of the board by: Mr Abul Barakal Monawar Hasan Director The notes on pages 8 to 11 forni part of these financial staternents. Page 6 CENTRE FOR ISLAMIC GUIDANCE Statement of chan esine ui Year ended 31 December 2020 Proffit and loss account Total At 1 January 2019 16,192 16,192 Profit for the year 247 247 Total comprghensivg income for the year 247 247 At 31 December2019 and 1 January 2020 16,439 16,439 Profit for the year 23,403 23,403 Total comprehensive income forthe year 23,403 23,403 At 31 December2020 39,842 39,842 Page 7 CENTRE FOR ISLAMIC GUIDANCE Notes to the financial statements Year ended 31 December 2020 General infomiation The company is a private company limiled by shares. registered in . The address of the registered office 15 255-259 Commercial Road, London, E12BT. Staternent of compliance These financial statements have been prepared in compliance wth the provisions of FRS 102, Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland,. The Triennial review 2017 amendments tr) the standard have been early adopted. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investrnent proFErties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the fvncts.onal currency of the enb'ty. Tumover Turnover is rneasured at the fair value of the COllSKJerats"on received or receNable for goods supplied and services ￿ndered, nel of discounts and Value Added T8X_ Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred lo the buyer (usually on despatch of the goods)., the amount of revenue can be measured reliably., il Is probable that the associated economic benefits will flow to the entity,. and the costs incurred or lo be ineurred in respect of the transactions can be rnea5ured reliabty. Taxation The taxation expense represents the aggregate amount of current and defer￿d lax recognised in the reporting period. Tax is recognised in the statement of Comprehensive income, except to the exlenl that it relates lo items recognised in other comprehensive income or directly in capital and reserves. In this case. lax is recognised in other comprehensive income or directly in capital and reseNes, respectively. Current tax is recogni5ed on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tsx rates and laws that have been enathd or subslantwely enacted al the reporbng dale. Deferred lax is recognised in respect of all timing d¢fferen￿ at the reporting date. Unrelieved tax losses and other deferred tax asset5 are r￿ognISed to the extent that il is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the lax rates and laws that have been enacted or substanlNely enacted by the repo￿"ng dale that are expected to apply to the reversal of the b'ming difference. Page 8 CENTRE FOR ISLAMIC GUIDANCE Notes to the financial statements continued Year ended 31 December 2020 Tangible assets Tangible assets are in￿21￿ recorded 8t cost, and are subsequenty stated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the dale of revaluab'on less any subsequent accumulated depreciats.on and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation. is recognised in other comprehensive income and accumulated in capitsl and reserves, except to the extent il reverse5 a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluab.on 15 recognised in other comprehensive income lo the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluab'on decrease exceeds the aceumulaled revaluation gains accumulated in capitsl and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreclatlon Depreciabon is calculated so as to write off the cost or valuation of an asset, less ils residual value, gver the useful economic life of that asset as follows.. If there is an indication that there has been a signtficant change in depwiation rate, useful life or residual value of tangible assets, the depreciation is revised prospectwely to refiecl the new eslimales. Impairnient A review for indicators of impaimient is carried oul at each reporting date, with the recoverable amount being eslimaled where such indicators exist. Where the carying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. When il is not possible to estimate the recoverable amount of an individual asset, an estimate is made or the recoverable amount of the cash-generating unrt lo which the asset belongs. The cash-generaling unrt is the smallest identffiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Government grants Govemmenl grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with Ihe conditions attaching lo them and the grants will be re￿ived. Govemment grants are recognised using the accrual mc4Jel and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the period5 in which the company recognises the related costs for which the grant is intended to compensate. Grants that are recewable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity wrth no future related costs are recognised in income in the period in which it become5 rece(vable. Grants relating to assets are reeogni5ed in income on a systemats"c basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred. rt is recognised as deferred income and not deducted from the carrying amount of the asset Under the perfomiance model, where the grant dc*s not impose specified future performance-relaled conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant d￿S impose specified future perfomance-relaled conditions on the recipient, il is reeognised in income onty when the performance-related conditions have been mel. Where grants received are prior to satisfying the revenue recognrtion cnleria. they are recognised as a Page 9 CENTRE FOR ISLAMIC GUIDANCE Notes to the financial ststements continued Year ended 31 December 2020 FSnancial instruments A financial asset or ? financial liabilty is rec(yJnised only when the company becomes a party lo the conlraclual provisions of the instrument. Basic financial inslnjments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where rt is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amorbsed cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the inveslrnenl is subsequenuy measured at fair value wth changes in fair value recognised in profit or loss. All other such investments are subsequenly measured at Cost ￿$S impaimienl. Other financial instruments, including derivats'ves, are initially re¢ognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rate of interest that is not a market rate, in which case the asset ts measurgj at the present value of the future payments discounted at a market rate of interest for a similar debt inslrumenL Other financial instruments are subsequenuy measured at fair value. with any changes recognised in profil or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measu￿￿ at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If Ihere is objective evidence of impaimienl, an impairment los$ is re¢ognised in profft or loss immediately. For all equity instruments regardless of signffieance, and other financial assets that are individually significant, these are assessed individualty for impaimenl. Other financial assets or either assessed indwidually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not resum in a carrying amount of the financial asset that exceeds what the carrying amount would have bèen had the impaimient not previously been recognised. Profit before taxation Profit before taxation is staled after chargingllcrediting).. 2020 2019 Depreciation of tangible assets 196 231 Page 10 CENTRE FOR ISLAMIC GUIDANCE Notes to the financial statements continued Year ended 31 December 2020 Tangible assets Plant and Fixtu￿$, machinery fittings and equipment Totsl Cost At 1 January 2020 and 31 December 2020 620 2,324 Depreciation Al 1 January 2020 Charge for the year 345 41 1,293 155 1,638 196 At 31 Decgmber 2020 1,834 Carrying amount At 31 December 2020 234 876 1,110 At 31 December 2019 275 1,031 1,306 Creditors: amounts falling due within one year 2020 2019 Other creditors 3,750 3,300 Page11 CENTRE FOR ISLAMIC GUIDANCE Detsiled income statement Year ended 31 December 2020 2020 2019 Turnover Other income 73,793 67,085 73,793 67,085 Gross profit 73,793 67,085 Gross proflt percentage 100.0% Overheads Administrative expgnsgs Rent payable Rates & Water Insurance Light and he8t Cleaning Repairs and rnaintenance Printing, postage and stalionery Telephone Hire of equipment Travelling and entertainment Accountancy lees General expenses Depreciation of tangible assets {41,8291 13181 {61,3521 12921 12071 15541 12161 15721 18351 14351 17711 {2,3671 {3,7951 (3,1101 {1,3561 16071 15901 14501 17721 11961 14501 19231 12311 {55,3901 166,8381 Other operating Income Government grants 5,000 5,000 Operatlng proflt 23.403 247 Operating profit percentage 31.7Yo 0.4¢ Profit before taxation 23,403 247 ## **Trustees' Annual Report for the period** ||Period start date|Period start date|||Period end date|Period end date|| |---|---|---|---|---|---|---|---| ||Day|Month|Year||Day|Month|Year| |**From**|01|01|2020|**To**|31|12|2020| ## Section A Reference and administration details **Charity name** Centre for Islamic Guidance **Other names charity is known by** Islamic Guidance Centre **Registered charity number (if any)** 1151640 **Charity's principal address** (Third Floor) 255-259 Commercial Road, London **Postcode** E1 2BT ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Abul Kamal
Moudood Hasan|||| ||Abul Barakat
Monawar Hasan|Centre for Islamic
Guidance||| ||Abul Bayan
Mohammad Hasan|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **TAR** October 2021 1 **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** |**Type of adviser**|**Name**|**Address**|| |---|---|---|---| ||||| ||||| ||||| ||||| |**Name of chief executive or names of senior staff members (Optional information)**|||| ||||| |**Section B**|**Structure,**|**governance and management**|| ## **Description of the charity’s trusts** Constitution Type of governing document (eg. trust deed, constitution) Company How the charity is constituted (eg. trust, association, company) Trustees are elected from membership Trustee selection methods (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; Trustees are appointed according to the vision of the charity from membership. Policies are in place to see over the correct appointment. Charity’s procedures and policies ensure the correct volunteers are selected to manage projects, work and teaching. Policies and procedures are in place to ensure the compliance of the charity, volunteers and general public in all regards. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. **TAR** October 2021 2 ## **Section C Objectives and activities** |**Summary of the objects of the**
**charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public**
**benefit)**|1) The charity aims to provide the general public the ability to
empower themselves by educating them about social life. The
charity provides the community with an open place to come and
receive various support.
2) The promotion of religious harmony for the benefit of the public
by: A) Educating visitors, members, and the general public on the
different religious beliefs including a distinct awareness of one’s
own religion’s features/morals and their common ground in social
and human life to promote good respect and relations between
people of different faiths, cultures and theoretical dispositions.
B) Promoting importance of education and knowledge, including
mutual understanding and respect of the beliefs of different
religious faiths and non-religious cultures of no faith.| |---|---| ||The organisation aims to achieve its objectives by running an open
community centre. It aims first and foremost to provide educational
support for both adults and teenagers so that they can use these skills to
have a better quality of life. By having a community centre as a hub for
the general public to come and learn various skills, the organisation also
provides a platform for the unemployed to get into work.
Local youth also benefit from having an open area where they can come
and make use of their time. A safe place where they can enjoy social
activities and socialise by playing games, planning outdoor activities,
attending workshops and seminars to help in building their lives (ie
financial planning/strategy for young adults, educational and career
support). The young adults are also given opportunities to take part in
organising community events to help build their skills. Similarly, the
organisation runs small focus groups for the elderly as to what they would
like to see in the community and holds regular tea clubs and activities
giving them a safe place to meet and interact with friends and meet new
people.
The organisation also runs mediation services for families that have
various difficulties in their family life. The centre runs drop-in sessions or
by appointment for individuals to seek religious advice or even try and
reconcile depending the specific help they need. Where there is a need
to sign-post to the relevant authorities, senior staff members have been
trained to sign-post to the relevant authorities.
The centre has also made available to the public a small library and a
centre for Arabic Language along with a community club to the public.
Language Courses in the evenings and weekends have been developed
and facilitated throughout the year.| **TAR** October 2021 3 ## **Additional details of objectives and activities (Optional information)** During holidays and festive periods including Religious Holidays, the centre holds public gatherings to bring in members of the public to promote the objects and to bring the community together in harmony and tolerance. The centre offers a very small place of worship for local residents and commuting individuals alike. You **may choose** to include further statements, where relevant, about: Volunteers help with cleaning up and setting up the centre. They also bring in tea, coffee and sundries for the sessions. - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **TAR** October 2021 4 |Section D|Achievements andperformance|Achievements andperformance| |---|---|---| |**Summary of the main**
**achievements of the charity**
**during the year**||Continuation and improvement of new educational services for adults
include:
Language courses
Student numbers were around the same numbers as before,**however**
**courses were provided via Zoom due to the coronavirus pandemic**
**and lockdowns.**
Islamic Education
Short courses on Islamic education have continued and are open to the
public that have seen over 250+ attendees to the various short, and long-
term courses. This includes both classes aimed at students 8-16 and 16
plus. The courses focus on social aspects of life and religion in the
modern world and integrating into a pluralistic society.
**Courses were provided via Zoom due to the coronavirus pandemic**
**and lockdowns.**
Work Related Opportunities
The centre offers the public the help to find work. This includes CV and
interview workshops and helping find work experience. The organisation
also offered work experience and volunteering opportunities as a
stepping-stone into careers and important admin or project based
experience. Training in basic life skills and career advice is offered too.
**This service was severely affected.**
Youth Opportunities
The centre has a small youth group that has run with over 60 current
youth enjoying the facilities available to them. The Youth Group gives
opportunities to gain advice from professionals to nurture positive
thinking and hard-working ethics to set high goals and achieve higher in
education and develop their careers. There is strong effort to educate
them about crime and drug prevention and general contribution to society
with Islamic ethos and morals.
**The above activities were tailored to the situation with the**
**pandemic.**
**Advice on online courses and development was given to youth,**
**however activities in person were near zero.**
Mediation Services
The centre helped mediate family problems amongst many of whom are
from Tower Hamlets.**This had increased due to the pandemic due**
**people living together at home for long periods. Support was given**
**through telephone/video conferencing.**
SweetEid Project
**Unfortunately this project could not go ahead.**
Guidance & furthering authentic Islamic Education
Many parents and enthusiastic students from the public who wish to learn
about Islam and its correct teachings attend the drop-in advice sessions
and lectures with the centre’s instructors and advisors for advice on long
term goals and aims.
This is one of the centre’s core projects and achievements and the centre
has had support from the local community for this service.**Advice**
**sessions online and talks by our Imams and lectures were given on**
**Islamic spirituality to deal with anxiety, depression and spiritual**
**needs.**| **TAR** October 2021 5 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** The charity’s policy on reserves is that the cash held at the centre on hand, is the reserve set in case of sudden emergencies. If however, there would not be sufficient reserves, then the policy would be to go to the members of the public to fundraise on a large scale. As many of the local charities do this, we, currently at Centre of Islamic Guidance, are trying our utmost best to be self-sufficient and trying to avoid large scale public fundraising unless we see a project with CIG that can be of a huge benefit to the public or to achieve one of the wider charitable objects. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** Most funding comes through both public donors and nominal charges for courses along with lecture room, classrooms and hall hire from locals to help fund and run the centre. You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - Long-term standing orders have been set up to help maintain the centre. - sources of funds (including any fundraising); A continued non-fixed amount of the budget was spent in modernising - • how expenditure has the interior and cleaning it once again this year, this must be done to supported the key objectives keep the premises more appealing and pleasant to meet, learn, socialise of the charity; and worship. - investment policy and During the pandemic some way of rent relief was given which helped us - objectives including any raise more funds from our small income. - ethical investment policy adopted. The centre raises funding through rent contribution from different local projects including StudySupport UK and QIman Institute of Arabic Sciences. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Abul Barakat **Full name(s)**[Abul Kamal ] Monawar Hasan Moudood Hasan **Position (eg Secretary, Chair,** Trustee Trustee **etc) Date** 30/10/21 **TAR** October 2021 6