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← Muslim Community & Education Centre (Mcec)

2024-03-31-accounts

Charity registration number 1156440 (England and Wales)

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr. T Shaikh
Mr. Y M Shaikh
Ms. S T Sheikh
Mr. S Ahmad
Mr. S Alim
Mr. S M Shaikh
Dr. H P Ahmad
Dr. A S Billoo
Mr R Mohammed Hadi
Charity number (England and Wales) 1156440
Principal address 30 Oakthorpe Road
London
N13 5JL
Auditor JF Francis Ltd
Francis House
2 Park Road
Barnet
Herts
United Kingdom
EN5 5RN

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

CONTENTS

Page
Trustees' Annual report 1 - 7
Statement of Trustees' annual responsibilities 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15 - 23

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 of these financial statements.

Objectives and activities

The aims and objectives of the charity are:

  1. To advance the religion of Islam for the benefit of the public through:

  2. The holding of prayer meetings, lectures and public celebration of religious festivals.

  3. The provision of a place of public religious worship and education by persons professing the religion of Islam.

  4. The provision of marriage and funeral services in accordance with Islamic rites.

  5. The production and/or distribution of literature on Islamic belief and practice to help educate the public about the religion of Islam.

  6. The specific education of the general public in Quranic, Islamic studies and Arabic.

  7. To develop the capacity and skills focusing on, but not restricting to, members of the socially and economically disadvantaged Muslim community primarily in the London Boroughs of Enfield and Barnet and also some areas of Hertfordshire in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society. It also provides help the needy and vulnerable inside UK and around the world by feeding the homeless and supporting sustainable projects.

Public Benefit Statement

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

In setting out the objectives and planning the activities, the trustees have given careful consideration to complying with the duty in Section 17 of the Charities Act 2011 to have regard to the public benefit guidance published by the Charity Commission. All our projects and services have continued to grow as well as some new, benefitting many more of the community.

In keeping with MCEC's objectives we continue to develop our facilities for worship and we now provide full facilities for all daily prayer sessions as well as prayers for special occasions. The number of people attending the daily and Friday prayers remains the same as previous years. It is estimated that around 2,000 people continue to pass through Masjid doors every week, with nearly 1,200 on Friday's (Jumah) prayer and on Ramadan days. To accommodate nearly 10,000 worshipers during the Eid/festival prayers, we had five separate Eid prayers in one day for both Eid during the reporting period. Each prayer housed around 2,000 people, including families, business holders and individual worshipers. To reach all the Muslims in the area, our Imams deliver their regular sermons and classes on Islamic knowledge subjects in English.

More coordinated support is given in the form of Question & Answer sessions and Educational tours provided to new and Non-Muslims designed purposefully to suit their needs. We have introduced Fatwa services; where people can ask the scholars for religious advice either directly within a group, via email or meet in person. We offer this scholarly religious awareness to RE teachers and school staff so they better understand about the religion of Islam and the student’s needs. In coordination with local schools, we train the trainers, educate the school staff and teachers and try to enhance their awareness on Islam and its similarities with other faiths specially the Abrahamic faiths, Judaism and Christianity.

Islamic marriage ceremonies, informal marital dispute resolution in forms of counselling and individually- customised religious advisory sessions are performed regularly at the Centre, as a result of these good reminders of marital responsibilities families find peace and harmony in their households.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Our facilities for Islamic funeral preparations and prayers are now well established. Bereaved families receive guidance, advice and help from the time when someone dies up to very dignified burial.

The Parents & Toddlers group continues to run smoothly under the supervision of some dedicated sisters. Weekly Ladies Quranic class are well attended as well as a new class for ladies keep fit class, where women are having fitness lessons under a qualified instructor, and the four evening classes for adults on a weekly basis. All counselling and classes are offered without charge.

MCEC Green Stars Youth Club:

Greenstars is a platform for youth to come together to socialise, discuss, and participate in workshops and activities organised for them. It is a platform to create friends and to integrate with the community. We have held the following activities :

MCEC Supplementary Schools:

More than 100 children from the local mainstream schools attend the MCEC Saturday school and our Hifz (memorisation) class. Many children are on the waiting lists for both schools; this shows the quality of our education provision and the demand for these services.

The school's ethos is to provide Islamic education and understand social and moral responsibilities for young Muslim boys and girls in a caring and open environment. We encourage our students to strive for knowledge and skills to help them become good British citizens.

Respecting the free will of individuals, pluralism of Islam, and interfaith and humanitarian common grounds are the central ethos echoed to the children throughout the assemblies and in the classrooms.

Moreover, a curriculum has been introduced for all students to engage in, which further deepens their knowledge about Islam, how to apply Islam on a day-to-day basis, and being a good individual by following the law of the land.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

We have shared our student's achievements and success through award ceremonies and student-led presentations, which everyone widely appreciated. The end of year Saturday School Achievement and awards assembly was on Saturday 15[th] July 2023. We are proud to have workshops and visits to enhance our awareness and understanding of Islam: These consisted of the following:

MCEC Funeral Service:

We at MCEC conducted 99 funerals throughout the year. In addition, we work with our partnering funeral directors to ensure we are providing our service to the community as best as possible.

MCEC External Engagement

The ongoing engagements continued alongside additional ones, as outlined below:

MCEC Tours and Visits

During the reporting period, MCEC continued receiving requests and arranging visits for local primary and secondary schools in line with the national KS1 and KS2 Religious Education curriculum. Students, teachers, and parents are welcome to visit and experience the Muslim faith and place of worship first-hand.

The open Q&A sessions have had very positive feedback. The schools, their staff, and most importantly the students find these visits ’’highly educational and enjoyable''. As a result, we generally have more than 16 local and neighboring boroughs’ schools with more than 1,000 pupils visiting the Mosque. Our “Open Door and Open Mind” policy also gives access to many GCSE students, adults, and researchers on Religious Education projects to visit MCEC, bringing with them many interesting Q&As. We also visited schools to teach Islam during the period of Ramadan.

Food Bank partnership with Neighbouring Mosque

An ongoing partnership with a neighbouring Mosque for community members who are struggling or going through any difficulties, MCEC is used as a collection hub and our volunteers then drop the food off at the neighbouring Mosque before the Food Bank starts every week on Monday's.

We have done the following initiative:

Donate your Dates – Southgate and MCEC Food Bank Project

MCEC Breakfast Club

We have run our fortnightly breakfast club for five years, offering complimentary breakfast to all passers-by and surrounding neighbours. Participants enjoy a continental and Turkish breakfast spread, complemented by hot tea and coffee and this has been well attended with over 60 members joining each time.

MCEC Annual Eid Fair:

The MCEC Annual Eid Fair on Sunday 9[th] July 2023 is a day of joy and happiness for the community and the broader neighbourhood. It provides an opportunity for interfaith engagement and sharing joy with diverse communities. Men, women, children, and individuals of all age backgrounds find something enjoyable- fun activities, delicious food, and exciting rides—truly, there's something for everyone. The total raised was £16,069.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Marriage Match Event:

We have resumed our marriage match events and had four successful marriage reach events for our community between the ages of 23-35 in Islamic surroundings, encouraging individuals to come forward for those interested in marriage. The events happened on:

Ongoing Online and Face-to-Face teaching continues:

MCEC successfully ran a series of educational classes throughout the year via online and social media mediums, which benefitted the local community.

MCEC has classes in Urdu, Turkish, and Albanian. For respective language speakers, other courses run in the centre in a universally understood language, English, after it was suspended due to the lockdown and COVID19.

We have regular reminders that are published on our social media platforms.

Workshops, Events and Lectures:

MCEC successfully ran a series of educational and interactive workshops and a series of lectures and classes throughout the year. Moreover, we organised and held events for the benefit of the local and wider community.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

MCEC Social Media:

Our online presence has increased over the year, with more followers, views and responses to what is published.

We publish religious reminders, events at the centre, educational classes, lectures and talks, and tours and visits every week.

We are continuously connecting with people locally and internationally via the platforms of our Website, Facebook, Instagram, Twitter, WhatsApp, Telegram and the new addition of TikTok.

We have introduced our Mosque App in March 2023 and we upgraded our Audio and Visual system whereby we started fundraising for this in April 2023.

Achievements and performance

The NLDN (North London Development Network) was set up in 2018 as a part of MCEC’s ongoing commitment to community engagement. Our charitable work has encompassed emergency relief, food security, WASH, health, education and livelihoods.

NLDN’s vision: To see a prosperous world free from poverty and hunger.

NLDN’s focus is to expand charitable work, supporting the people affected by humanitarian tragedies as well as working to end poverty and achieve food security across the world.

Below is a summary of the projects supported from April 2023 to March 2024.

Item Description Amount £
International Waqf &
Relief
Foundation
(IWARF)

Distribution of Fitrana for food packages and gifts on the occasion of Eid ul
Fitr
2,000
Enliven Mama Garden City Special School - one of a handful of schools for special needs
children needed £10,000 to complete the build of a new dormitory to give
girls with special educational needs and disabilities a vital lifeline. Facilities
will include two large dormitory halls, toilet and shower rooms, dressing/
store rooms, and two small apartments for the ‘house mothers’ who
provide 24 hour care to the students.



10,000
READ Foundation Establish a child-friendly school and provide a quality primary education to
250 children in and around the village of Shah Sharmast in Gujrat District,
Pakistan.

12,000
HANDS International Provide funding and implement the project by providing accommodation
and
livelihood opportunity to Pakistan flood victims though Reconstruction and
Rehabilitationphase.
20,000
Hands
of
Giving
Foundation
Lebanon Sports Club for Palestinian Refugees. The projected amount was
£6,525 out of which £5,474 was given in the last financial year and the
balancingamount has been transferred thisyear to complete theproject.

6,525
Action for Humanity Syria Earthquake Response - Providing urgent medical support for Al-
Hikma Opthalmic Hospital.		 12,200
Seven Spikes The agreed amount for the Palestine Medical Supplies project is £30,000.
A sum of £15,222 was successfully raised on Friday, 12th January, at
Palmers Green Mosque and has already been directly received by Seven
Spikes. The remainingbalance of £14,778 was transferred byMCEC.


14,778
Oakleigh School Provision of funds to build a sensory room for children with profound and
complex learningdifficulties.
10,000

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The income is generated from donations collected from Muslim people and Muslim organisations.The incoming resources and expenditures are detailed in the Statement of Financial Activities.

The financial year commenced with total cash and bank balances of £1,317,822. During the year donations amounting to £568,924 were received.

Resources expended in the year totalled £481,315 which included, utility costs, repairs & maintenance, education & distributions in support of the poor and needy. At the year's end, there was a total cash and bank balance of £1,331,225.

Reserves Policy

The trustees have forecast the level of free reserves (that is those funds not tied up in fixed assets, designated and restricted funds) the charity will require to sustain its operations over the forthcoming year.

Plans for future periods

In looking forward, the Charity's future plans are to improve on the existing facilities provided at the Centre and also to meet demand for future educational services through Muslim Community & Education Centre (MCEC) CIO, charity number 1156440, formed for the purpose of continuing the charitable activities of the charity.

Structure, governance and management

The charity was formed to take over the net assets, funds and activities of Muslim Community and Education Centre, an unincorporated Trust and a registered charity, number 1043847. The transfer agreement was dated 31 March 2015. The Muslim community and Education Centre (MCEC) is governed and managed by its governing document.

Governing Document

Muslim Community and Education Centre (MCEC) is a Charitable Incorporated Organisation, registered on 28th March 2014 and is a registered charity, number 1156440. The trustees are as follows:

Mr. T Shaikh Mr. Y M Shaikh Ms. S T Sheikh Mr. S Ahmad Mr. S Alim Mr. S M Shaikh Dr. H P Ahmad Dr. A S Billoo Mr R Mohammed Hadi

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Method of appointment of Trustees and policies adopted for their induction

The basis of selecting new trustees is by way of identifying people who regularly attend events and functions organised by the CIO, show an interest in and volunteer to help out during these activities.

These people are then invited to attend Trustees' meetings as observers. They are then given more details of the CIO's aims and objectives. Upon satisfaction that these are in line with their ideology of charity work and after due consideration of the person's eligibility, personal competence, specialist knowledge and skills they are proposed as new trustees by the existing ones at the subsequent meeting where they are appointed by the current Board members.

Prior to their appointment, new trustees are introduced to the Charity's Policies to ensure adherence to various clauses of our Constitution. Charity procedures are covered, where they become aware of the scope of their responsibilities under the Charities Act. They are then attached to an existing trustee who they assist on the projects and activities run by the charity. After satisfactory feedback from existing trustees, they are appointed as board members and then given the task to deal with project/activity on their own and are regularly monitored through meetings.

Decision making

All decisions must be according to the teachings of the last Holy book Al-Qur'an and Sunnah of the last Prophet, Muhammad (peace be upon him), and based on majority ruling after proper assessment of the subject matter. The trustees are legally responsible for the overall management and control of the centre and meet on a regular basis, at least 6 times a year. The Finance and General Purposes (building) members generally meet every Friday to consider the tasks delegated to them in respect of financial, building work or any specialist adviser report, which are then communicated to the other trustees at the main board meeting for their deliberations.

Risk review

The management committee has conducted a review of the major risks, to which the charity is exposed and systems have been established to mitigate those risks. Significant external risks to funding have been reduced by the development of a strategic plan, which will allow for development only when the funds are in hand or have been guaranteed. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

The Trustees' annual report was approved and signed on behalf of the board of trustees by :

Mr. Y M Shaikh Ms. S T Sheikh Mr. S Alim Trustee Trustee Trustee

21 January 2025

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

STATEMENT OF TRUSTEES' ANNUAL RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial 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 year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

Opinion

We have audited the financial statements of Muslim Community & Education Centre (MCEC) (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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' annual 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 charity’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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

Responsibilities of trustees

As explained more fully in the statement of Trustees' annual responsibilities, the trustees 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 charity’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 cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 an auditor's report 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. We designed procedures capable of detecting non-compliance with laws and regulations and irregularities, including fraud, through:

Our audit procedures were designed to respond to the identified risks relating to non-compliance with laws and regulations and irregularities (including fraud) that are material to the financial statements.

Our audit procedures in relation to non-compliance with laws and regulations included, but were not limited to:

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

Our audit procedures in relation to irregularities and fraud included, but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management.

Because of these inherent limitations, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

This risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's 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 charity and the charity’s trustees for our audit work, for this report, or for the opinions we have formed.

(Senior Statutory Auditor)

For and on behalf of JF Francis Ltd, Statutory Auditor Chartered Certified Accountants Francis House 2 Park Road Barnet Herts EN5 5RN United Kingdom 21 January 2025

JF Francis Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
448,955
119,969
Investments
4
61,218
-
Other income
-
-
Total income
510,173
119,969
Charitable activities
5
399,286
82,029
Investment property
expenditure
9
16,414
-
Total expenditure
415,700
82,029
Net gains on
investments
10
-
-
Net income and movement in
funds
94,473
37,940
Reconciliation of funds:
Fund balances at 1 April 2023
3,670,335
6,169
Fund balances at 31 March
2024
3,764,808
44,109		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
568,924
465,227
147,948
61,218
48,400
-
-
26,180
-
630,142
539,807
147,948
481,315
329,664
144,447
16,414
23,521
-
497,729
353,185
144,447
-
45,000
-
132,413
231,622
3,501
3,676,504
3,438,713
2,668
3,808,917
3,670,335
6,169		 Total
2023
£
613,175
48,400
26,180
687,755
474,111
23,521
497,632
45,000
235,123
3,441,381
3,676,504

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 12 1,371,080 1,326,503
Investment property 13 926,367 926,367
2,297,447 2,252,870
Current assets
Debtors 14 195,307 117,706
Cash at bank and in hand 1,331,225 1,317,822
1,526,532 1,435,528
Creditors: amounts falling due within 15
one year (15,062) (11,894)
Net current assets 1,511,470 1,423,634
Total assets less current liabilities 3,808,917 3,676,504
The funds of the charity
Restricted income funds 16 44,109 6,169
Unrestricted funds 17 3,764,808 3,670,335
3,808,917 3,676,504

The financial statements were approved by the trustees on 21 January 2025

Mr. Y M Shaikh Ms. S T Sheikh Mr. S Alim Trustee Trustee Trustee

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
20
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash (used in)/generated from investing
activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
54,822
(102,637)
61,218
(41,419)
-
13,403
1,317,822
1,331,225		 2023
£
£
37,710
(2,992)
48,400
45,408
-
83,118
1,234,704
1,317,822		 2023
£
£
37,710
(2,992)
48,400
45,408
-
83,118
1,234,704
1,317,822
83,118
1,234,704
1,317,822

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

The charity is registered charity in England and Wales and is a Charitable Incorporated Organisation. The address of the principal office is 30 Oakthorpe Road, London, N13 5JL.

1.1 Accounting convention

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

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 income or expenditure. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donations are the main source of income for the Centre. Those classified as Zakaat, Fitrana and Sadaqat are for the specific purpose of distribution to the poor and are treated as restricted funds.

Gifts in kind - properties and other fixed assets donated to the charity are included as voluntary income at market value at the time of receipt.

Donated services and facilities are included as voluntary income at their estimated value to the charity when received, and under the appropriate expenditure heading depending on the nature of service or facility provided, at the same value and time.

Income from 'gift aid' tax reclaims is recognised for donations received prior to the year end for which 'gift aid' certificates apply.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Over 50 years Fixture and fittings 25% reducing balance Computer Equipment 15% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity 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 charity's balance sheet when the charity 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.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2024
2024
£
£
Legacies receivable
448,955
-
Zakaat, Fitrana and
Sadaqat
-
119,969
448,955
119,969		 Total Unrestricted
Restricted
funds
funds
general
2024
2023
2023
£
£
£
448,955
463,227
-
119,969
2,000
147,948
568,924
465,227
147,948		 Total
2023
£
463,227
149,948
613,175

4 Investments

**Unrestricted ** Unrestricted
funds funds
general general
2024 2023
£ £
Rental income 61,218 48,400

5 Expenditure on charitable activities

Charitable Charitable
expenditure expenditure
2024 2023
£ £
Direct costs
Depreciation and impairment 58,060 46,322
Wages & salaries 130,791 108,979
Rates & water 3,195 2,855
Light & heat 22,852 15,977
Repairs & maintenance 18,027 22,150
Insurance 4,460 3,494
Motor vehice expenses 5,919 6,159
Telephone 617 513
Other charity operating cost 220,394 267,662
Bad debts 17,000 -
481,315 474,111
Analysis by fund
Unrestricted funds 399,286 329,664
Restricted funds 82,029 144,447
481,315 474,111

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 3,600 3,600
Depreciation of owned tangible fixed assets 58,060 46,322

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

2024 2023
Number Number
Administration 7 6
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
There were no employees whose annual remuneration was more than £60,000.

9 Other

Unrestricted Unrestricted
funds funds
general general
2024 2023
Rental property expenses 16,414 23,521
10 Gains and losses on investments
Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investment properties - 45,000

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12 Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Land and
buildings
£
1,973,324
-
1,973,324
681,190
39,466
720,656
1,252,668
1,292,134		 Fixture and
fittings
£
4,300
-
4,300
1,881
605
2,486
1,814
2,419		 Computer
Equipment
£
148,101
90,317
238,418
118,767
14,269
133,036
105,382
29,334		 Motor
vehicles
£
34,340
12,320
46,660
31,724
3,720
35,444
11,216
2,616		 Total
£
2,160,065
102,637
2,262,702
833,562
58,060
891,622
1,371,080
1,326,503

13 Investment property

Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024 926,367

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the trustees. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Freehold
14
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 2024
£
926,367
2024
£
192,700
2,607
195,307		 2023
£
926,367
2023
£
114,900
2,806
117,706

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
3,125
2,565
9,372
15,062		 2023
£
1,511
1,844
8,539
11,894

16 Restricted funds

The restricted funds of the charity consist of unspent donations and grants designated for Sadaqa and Zakat. These funds are held in trust and must be used in accordance with specific conditions set by the donors.

Previous year: At 1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
6,169
119,969
(82,029)
44,109
At 1 April
2022
Incoming
resources
Resources
expended
At 31 March
2023
£
£
£
£
2,668
147,948
(144,447)
6,169

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

General funds
Previous year:
General funds		 At 1 April
2023
Incoming
resources
Resources
expended
Gains and
losses
At 31 March
2024
£
£
£
£
£
3,670,335
510,173
(415,700)
-
3,764,808
At 1 April
2022
Incoming
resources
Resources
expended
Gains and
losses
At 31 March
2023
£
£
£
£
£
3,438,713
539,807
(353,185)
45,000
3,670,335

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
1,371,080
-
Investment properties
926,367
-
Current assets/(liabilities)
1,467,361
44,109
3,764,808
44,109
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Tangible assets
1,326,503
-
Investment properties
926,367
-
Current assets/(liabilities)
1,417,465
6,169
3,670,335
6,169
19
Related party transactions
There were no related party transactions during the year (2023 - none).
20
Cash generated from operations
2024
£
Surplus for the year
132,413
Adjustments for:
Investment income recognised in statement of financial activities
(61,218)
Fair value gains and losses on investment properties
-
Depreciation and impairment of tangible fixed assets
58,060
Movements in working capital:
(Increase) in debtors
(77,601)
Increase/(decrease) in creditors
3,168
Cash generated from operations
54,822
21
Analysis of changes in net funds		 Total
2024
£
1,371,080
926,367
1,511,470
3,808,917
Total
2023
£
1,326,503
926,367
1,423,634
3,676,504
2023
£
235,123
(48,400)
(45,000)
46,322
(112,300)
(38,035)
37,710

The charity had no material debt during the year.

MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC)

30 Oakthorpe Road London N13 5JL

JF Francis Ltd Francis House 2 Park Road Barnet Hertfordshire EN5 5RN

21[st] January 2025

Dear Sirs,

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st ] MARCH 2024.

We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the following representations to you, in connection with your audit of the charity’s financial statements for the year ended 31[st] March 2024. All representations are made to the best of our knowledge and belief.

We acknowledge as trustees our collective responsibility under the Charity's governing document, under the charity Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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) for presenting financial statements, which give a true and fair view and for making accurate representations to you and confirm that we have approved the Annual Report for the year ended 31[st] March 2024. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All changes in the governing documents of the charity have been communicated to you. All other records and related information, including minutes of all trustees, members and management meetings have been made available to you.

We confirm that the accounting policies and estimation techniques adopted for the preparation of the financial statements are the most appropriate to the circumstances in which the charity operates.

All grants, donations and other incoming resources, the receipt of which is subject to specific terms or conditions, have been notified to you. All income has been recorded and restricted funds have been properly applied. There have been no breaches of terms or conditions during the period in the application of such incoming resources.

Other than those disclosed in the financial statements we are not aware of any material liabilities, provisions, contingent liabilities, contingent assets or contracted for capital commitments, that need to be provided for or disclosed in the financial statements.

The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets.

We confirm that the investment properties held by the Charity were not revalued by the Trustees as of 31st March 2024. The valuation of £926,367 was determined based on the current market conditions using valuation tools such as Zoopla and Rightmove and has remained unchanged as of that date.

We confirm that the freehold property, classified as a tangible asset, is initially measured at cost and depreciated over its estimated useful life of 50 years. The cost of the property is approximately £1.9 million, with accumulated depreciation of around £720,000 as of 31st March 2024. We have depreciated the property for 18 years.

We confirm that a loan of £192,700 was provided for various charitable purposes as of 31st March 2024.

We confirm that as at 31 March 2024, the total balance of the Restricted Fund is £44,109, and the total balance of the Unrestricted Fund is £3,764,808.

Charity number: 1156440 30 Oakthorpe Road London

N13 5JL www.mcec.org.uk

We confirm that we have notified you of all related party relationships and transactions that the charity has entered into with those related parties during the period of which we are aware. Other than those disclosed in the financial statements, the charity has not entered into any transactions involving trustees, officers or other related parties which require disclosure under the Charities Act or SORP.

We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect fraud and have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We are unaware of any irregularities, including fraud and suspected fraud, involving management, employees or volunteers who have significant roles in internal control, or those working for the charity where this could have a material effect on the financial statements. No allegations of such irregularities or breaches have come to our notice.

We confirm that there are no going concern issues, as the charity had a cash balance of approximately £1.3 million as of 31st March 2024. This amount is sufficient to sustain the charity's operations for another 2–3 years, even in the absence of any further donations.

We also confirm that the charity incurred a bad debt of £17,000 during the year due to a vendor failing to deliver a van as promised. Legal action has been initiated against the vendor to recover the amount paid.

We have disclosed all known or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards. We are unaware of any breaches or possible breaches of statute, regulations, contracts, agreements or the charity's governing document which might prejudice the charity's going concern status or that might result in the charity suffering significant penalties or other loss. No allegations of such irregularities have come to our notice.

We have reviewed the affairs of the charity and confirm that no income or gains are subject to income or capital gains tax.

The financial statements of the charity have been prepared on the going concern basis as we believe that adequate cash resources will be available to cover the charity’s requirements for working capital and capital expenditure for at least the next twelve months. We are not aware of any other factors which could put into jeopardy the charity’s going concern status during or beyond this period. Therefore, the going concern is appropriate.

There have been no events since the Balance Sheet date, which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.

We confirm that the charity has adequate procedures in place to identify intangible income and all intangible income has been appropriately valued and included in the financial statements.

We confirm that the charity has had no non-routine communication with Charity Commission during or since the period of which you are unaware.

We confirm that we have been notified by you that no unadjusted or only clearly trivial errors were identified during the audit.

We confirm that we there no adjustments to the initial Statement of Financial Activity, and Balance Sheet which we presented to you for audit.

We confirm that we have been notified by you that there are no matters which you are required to raise with us to comply with your profession’s ethical guidance which are in addition to the matters included in your assignment terms letter.

We confirm receipt of your assignment terms letter and confirm receipt of your management letter.

We confirm we have no plans or intentions that may materially affect the carrying value or classification of assets and liabilities reflected in the financial statements.

Yours faithfully,

Mr. S Alim Ms. S T Sheikh Signed on behalf of the board of trustees

Mr. Y M Shaikh

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