**Company registration number: 08326871**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Unaudited financial statements**
**31 December 2023**
**CENTRE FOR ISLAMIC GUIDANCE**
## **Contents**
||**Page**|
|---|---|
|Directors and other information|**1**|
|Directors report|**2**|
|Accountants report|**3**|
|Statement of comprehensive income|**4**|
|Statement of financial position|**5 - 6**|
|Statement of changes in equity|**7**|
|Notes to the financial statements|**8 - 11**|
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Directors and other information**
**Directors** Mr Abul Barakat Monawar Hasan Mr Abul Kamal Moudood Hasan Mr. Abul Bayan Mohammad Hasan **Company number** 08326871 **Registered office** 255-259 Commercial Road London E1 2BT **Business address** 255-259 Commercial Road London E1 2BT **Accountants** Mohi & Co 98 Commercial Road London E1 1NU
**Page 1**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Directors report Year ended 31 December 2023**
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023.
## **Directors**
The directors who served the company during the year were as follows:
Mr Abul Barakat Monawar Hasan
Mr Abul Kamal Moudood Hasan Mr. Abul Bayan Mohammad Hasan
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 10 September 2024 and signed on behalf of the board by:
**==> picture [118 x 47] intentionally omitted <==**
Mr Abul Barakat Monawar Hasan Director
**Page 2**
CENTRE FOR ISLAMIC GUIDANCE
ort to the board of directors on the
re
aration of the
unaudited ststuto
financial statements of CENTRE FOR ISLAMIC C.iUIDANCE
Year ended 31 December 2023
As described on the slalemenl of financial position, the d1ClorS of the company are re.'iponsible for the
preparation of the financial statements for the year ended 31 December 2023 which comprise. the slalemenl of
comprehensive income, statement of financial pnsilion, statement of changes In equity and related notes.
You consider that the company is exempl from an audit under the Companies Act 2006. In accordance with
your instructions we have compiled these unaudited financial slalements in order lo assist you lo fulfil your
slatulory responsibilities, from the accounting records and from information and explanations '.3upplied lo us.
Mohi & Co
Chartered Certified Accountants
98 Commercial Road
London
E1 1NU
10 September 2024
Page 3
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Statement of comprehensive income Year ended 31 December 2023**
|**Note**
**Turnover**
Cost of sales
Administrative expenses
**Operating profit**
**Profit before taxation**
**4**
Tax on profit
**Profit for the financial year and total**
**comprehensive income**|**2023**
**£**
84,227
-
)
(78,633
5,594
5,594
-
5,594|2022
£
89,619
-
)
(82,614
7,005
7,005
-
7,005|
|---|---|---|
All the activities of the company are from continuing operations.
## **Company registration number: 08326871**
**The notes on pages 8 to 11 form part of these financial statements.**
**Page 4**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Statement of financial position 31 December 2023**
|**Note**
**Fixed assets**
Tangible assets
**5**
**Current assets**
Debtors
**6**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**7**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders funds**|**2023**
**£**
**£**
4,485
4,485
17,319
54,091
71,410
)
(3,750
67,660
72,145
72,145
72,145
72,145|2022
£
£
4,776
4,776
17,319
48,206
65,525
)
(3,750
61,775
66,551
66,551
66,551
66,551|2022
£
£
4,776
4,776
17,319
48,206
65,525
)
(3,750
61,775
66,551
66,551
66,551
66,551|
|---|---|---|---|
||||66,551|
||||66,551|
||||66,551|
||||66,551|
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to 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 complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
**The notes on pages 8 to 11 form part of these financial statements.**
**Page 5**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Statement of financial position (continued) 31 December 2023**
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024, and are signed on behalf of the board by:
**==> picture [118 x 47] intentionally omitted <==**
Mr Abul Barakat Monawar Hasan Director
**The notes on pages 8 to 11 form part of these financial statements.**
**Page 6**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Statement of changes in equity Year ended 31 December 2023**
|Profit and
loss
account
£
**At 1 January 2022**
59,546
Profit for the year
7,005
**Total comprehensive income for the year**
7,005
**At 31 December 2022 and 1 January 2023**
66,551
Profit for the year
5,594
**Total comprehensive income for the year**
5,594
**At 31 December 2023**
72,145|**Total**
**£**
59,546
7,005|
|---|---|
||7,005|
||66,551
5,594|
||5,594|
||72,145|
**Page 7**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Notes to the financial statements Year ended 31 December 2023**
## **1. General information**
The company is a private company limited by shares, registered in . The address of the registered office is 255-259 Commercial Road, London, E1 2BT.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## **3. 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 investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
## **Taxation**
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised 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 tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it 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 tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
**Page 8**
**CENTRE FOR ISLAMIC GUIDANCE**
## **Notes to the financial statements (continued) Year ended 31 December 2023**
## **Tangible assets**
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses 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 revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
## **Impairment**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable 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.
**Page 9**
**CENTRE FOR ISLAMIC GUIDANCE**
## **Notes to the financial statements (continued) Year ended 31 December 2023**
## **Financial instruments**
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it 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 amortised 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 investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually 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 result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Profit before taxation**
Profit before taxation is stated after charging/(crediting):
|Profit before taxation is stated after charging/(crediting):|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Depreciation of tangible assets|292|343|
**Page 10**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Notes to the financial statements (continued) Year ended 31 December 2023**
## **5. Tangible assets**
|Plant and
machinery
Fixtures,
fittings and
equipment
£
£
**Cost**
**At 1 January 2023 and 31 December 2023**
5,034
2,324
**Depreciation**
At 1 January 2023
890
1,691
Charge for the year
197
95
**At 31 December 2023**
1,087
1,786
**Carrying amount**
**At 31 December 2023**
3,947
538
At 31 December 2022
4,144
633
**6.**
**Debtors**
**2023**
**£**
Other debtors
17,319
**7.**
**Creditors: amounts falling due within one year**
**2023**
**£**
Other creditors
3,750|**Total**
**£**
7,358|
|---|---|
||2,581
292|
||2,873|
||4,485|
||4,777|
||2022
£
17,319
2022
£
3,750|
**Page 11**
**CENTRE FOR ISLAMIC GUIDANCE**
**The following pages do not form part of the statutory accounts.**
## **CENTRE FOR ISLAMIC GUIDANCE**
## **Detailed income statement**
|**Turnover**
Rent contribution
Donation
**Gross profit**
**Gross profit percentage**
**Overheads**
**Administrative expenses**
Rent payable
Rates & Water
Insurance
Light and heat
Cleaning
Repairs and maintenance
Printing, postage and stationery
Telephone
Computer costs
Hire of equipment
Entertaining
Bank charges
General expenses
Charitable donations - type 1
Depreciation of tangible assets
**Operating profit**
**Operating profit percentage**
**Profit before taxation**|**Year ended 31 December 2023**|**2023**
**£**
84,227
-
84,227
84,227
%
100.0
)
(61,339
)
(3,308
)
(252
)
(696
)
(5,271
)
(2,334
)
(659
)
(594
)
(226
-
)
(1,328
)
(98
)
(511
)
(1,725
)
(292
)
(78,633
5,594
%
6.6
5,594|2022
£
85,519
4,100
89,619
89,619
%
100.0
)
(70,177
)
(1,277
)
(252
)
(280
)
(5,235
)
(904
)
(832
)
(591
-
)
(1,315
)
(1,306
)
(64
)
(38
-
)
(343
)
(82,614
7,005
%
7.8
7,005|
|---|---|---|---|
**==> picture [82 x 60] intentionally omitted <==**
## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 01 2022 **To** 31 12 2023
## 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
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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**TAR**
November 2023
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)**
|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**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)
Trustee selection methods
Trustees are elected from membership
- (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, help with day-to-day activities 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**
November 2023
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 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 community support and pastoral care.
2) The promotion of religious harmony for the benefit of the public
by: A) Educating visitors, members, and the 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
religiousfaiths andnon-religious cultures of nofaith.|
|---|---|
||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 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 and where
possible help reconcile depending on 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 department’s
areas of help in Tower Hamlets and beyond.
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**
November 2023
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.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
The centre offers a very small place of worship for local residents and commuting individuals alike. Volunteers help with cleaning up and setting up the centre. They also bring in tea, coffee and sundries for the sessions. Participating members help share and promote events and take part in spiritual and communal worship and education.
- contribution made by volunteers.
## Section D Achievements and performance
**TAR**
November 2023
4
|Section D|Achievements andperformance|
|---|---|
|**Summary of the main**
**achievements of the charity**
**during the year**|Continuation and improvement of educational services for adults:
1) Language courses
Open to both female and male, beginners, to advanced level.
2) Islamic Education
Short courses on Islamic education have continued and are open to the
public that have seen over 350 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.
3) 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.
4) Youth Opportunities
The centre has a small youth group that has run with over 70 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.
5) Mediation Services
The centre helped mediate family problems amongst many of whom are
from Tower Hamlets. Family disputes where possible that could be
mitigated and solved if the there was no danger posed to the affected
families, if there was a need for signposting to relevant authorities this
was done, including, if needed help with educating about legal options if
needed. Advice on social domestic problems between siblings and family
(as part of communal Islamic Education).
6) 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.
Along with the importance of having a social connection in society and a
positive outlook towards society. Mental Health issues many a time have
been resolved with basic social education from Islamic Teachings.
Although where necessary and clear professional help is required, the
centre signposts to the relevant institutions.|
**TAR**
November 2023
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. 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)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
Most funding comes through both public donors and nominal charges for courses as well as lecture room, classrooms and hall hire from locals to help fund and run the centre.
Long-term standing orders have been set up to help maintain the centre.
- A continued non-fixed amount of the budget was spent in modernising the interior and cleaning it once again this year, this must be done to keep the premises more appealing and pleasant to meet, learn, socialise and worship.
- investment policy and The centre raises funding through rent contribution from different local
- objectives including any projects including StudySupport UK and QIman Institute of Arabic
- ethical investment policy Sciences and Personal Development Project.
- adopted.
## **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** 24/10/24
**TAR**
November 2023
6