Company Number 08346043 READING ISLAMIC CULTURAL CENTRE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2024 31 CUMBERLAND ROAD READING RGI 3LB Charity No . 1152548 Company Registration Number 08346043 READING ISLAMIC CULTURAL CENTRE INDEX FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2024 PAGE NO Independent examiners report on the Accounts Managements Declaration Balance Sheet Income and expenditure account Charity Number 1152548 Independent Examiners Report to the Trustees of The Reading Islamic Cultural Centre Page I I report on the accounts of the trust for the year ended 31.01.2024 Set out on pages 3 and 4 Res ective re5 on5ibilities Of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts , the charity's trustees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed The charity Is preparing accrued accounts and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales It is my responsibility to Examine the accounts under section 145 of the Charities Act 2011 To follow the procedures laid down in the general directions given by the Charity Commission under section 145151 Ibl of the 2011 Act and To state whether particular matters have come to my attention. Basis of Independent Examiner's report . My examination was carried out in accordance with the general dlrections glven by the Charity commission An examination includes a review of the accountin8 records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present 'true and fair view ' and the report is limited to those matters set out in the statement below. Independent Examiner's statement . In connectlon with my examination, no matter has come to my attention 111 Which gives me reasonable cause to believe that in any material respect the requirements (al to keep accounting records in accordance with section 130 of the 2011 and section 44111 {al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations . and Ibl to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and section 44(11 Ibl of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations (IIHave not been met . or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date 13. t 2rfV(( Name Mohamed Azharul Islam Relevent Professlonal qualification or bodylif any) FCA Address 15a Whiteknights Road, Reading RG6 7BY Charity Number: 1152548 Company Registration Number 08346043 Page 2 READING ISLAMIC CULTURAL CENTRE 31 Cumberland Road Reading RGI 3LB MANAGEMENT'S DECLARATION We approve the attached accounts of Readlng Islamic Cultural Centre for the Year ended 31 January 2024 and confirm that we have made available to Mr M A Islam all the books, records and information relatin8 to these accounts. Munir Akhtar Trustee and Director (On behalf of all the Trustees ) Company Registration Number 08346043 READING ISLAMIC CULTURAL CENTRE BALANCE SHEET AS AT 31 JANUARY 2024 Page 3 Accumulated Net Depreciation Book value 2024 Cost 2023 FIXED ASSETS Freehold Premises Premise Improvement Legal costs capitalised Fixtures, Fitti ngs and Equipment 511,735 480,355 11,506 511,735 480,355 11,506 511,735 350,502 11,506 1,031,732 11,491 1,020,241 876,21S CURRENT ASSETS Cash at bank Cash in hand 78,025 69,618 80,685 72,044 CURRENT LIABILITIES Loan: kard e hasanat Creditors and accruals 6,000 500 6,500 100,000 101,055 Net Current assets Iliabilitiesl Net Assets Represented by.. Funds balance brought forward Surplus of receipts over expenditure in the current year Funds balance carried forward 1,094,426 847,204 847,204 247 222 1,094,426 687,122 160 082 847,204 Company Registration Number 08346043 Page 4 READING ISLAMIC CULTURAL CENTRE INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 JANUARY 2024 2024 2023 INCOME Members contributions and General Collections Add Borough Council grant 387,499 238,864 387,499 243,864 EXPENDITURE Rent Rates/ Council tax Water char8es Energy Insurance Telephone and internet Computer accessories Printing, stationery and postage Promotional expenses Repairs, renewals and maintenance Social, Educational, religious classes and congregations Sports, arts and crafts Charitable donations and reliefs Companies house fees Accountancy char8es Data Protection subscription Contribution Collection charges Bank charges Fixes Assets Depreciation charges 7,950 2,005 639 3,848 2,972 776 6,584 2,381 300 395 625 3.302 6,878 73,677 2,161 33,920 13 517 35 597 1,490 853 195 1,896 58,948 4,208 13 504 35 651 1,495 542 83,782 140,277 Surplus of income over expenditure for the year 247,222 160,082