ABERFELDY ISLAMIC CULTURAL CENTRE Charity Registration Number: 1157888 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 of 13
ABERFELDY ISLAMIC CULTURAL CENTRE FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pages Information ol financial Statements Report of the Executive Committee Statement of responsibilities of the Committee.. Independent Examinerts Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes lo the Accounts 11-13. Page2 0113
ABERFELDY ISLAMIC CULTURAL CENTRE FOR THE YEAR ENDED 31 MARCH 2025 MANAGEMENT COMMITTEE EXECUTIVE COMMITTEE CHAIR PERSON Mahbubul Alom GENERAL SECRETARY Mashuk Ahmed TREASURER Shamsul Hoque ADDRESS 36 - 38 Aberfeldy Sreet Poplar London E14 ONU BANKER Barclays Bank INDEPENDENT EXAMINER REPORTING ACCOUNTANTS.. AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA Chari 's Trustees: Mahbubul Alom Muhibur Rahman Mashuk Ahmed Akther Hussain Babul Sham5uI Hoque Monsur Miah Mamun Ahmed Choudhury Foz1ur Rahman Md Nizam Ahrned Chair Person VI Chair General Secretary As51slant Secretary Treasurer Cultural & Education Secretary Press & Publicity Secretary EC Member EC Member Page 3of13
ABERFELDY ISLAMIC CULTURAL CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2025 Tlie tl'Lislees present Ilieir repoi-l aiid fiiiaiicial slaleimeiits foi. tl)e year elided J l Marcli 2025. Tlie Triistees liave adopted the provisioiis of the Slaleiiieiit ot. Recoiniiieiided Practice (SORP) Accoiinliiig aiid Reporliiig by Cliai-ities iSSLied in 2005 in preparingJ tlie aiinLial I'eporl and fiiiancial stateimeiits of tlie Cliarity. Legal Status: Chaiity: Registered with the Charity Comniission, Chai'ity Nuniber: l 157888 Objects, Principal Activities and Organisil tion of the Charity Tlie Cliarity's objects al-e for tlie benefit of the inliabitaiils of London Borouoli of Tower Hamlets, and in particulai. members of the Musliin Miiiorily Ethnic Coininuiiities but exclusively who are in hardship by.. al Relieving poverty, sickness and distress by through the provision of advice and information lo the said inhabitants in need of such advice that may include welfare benefits, health and education. bl Advancing education in particular the provision of language and other subject classes. cl Providin9 or assisting in the provision of facilities for the recreation and the leisure lime. occupation in the interest of Social welfare and the object of improving their conditions of life. dl To advance the religion of Islam in accordance with the doctrines and tenets of the Sunni Secl of Islam. el To advance the education of Muslims and Muslim children in conformity with the doctrines and beliefs of the Sunni Secl of Islam. Report of the Trustees The Mana<yenienl Coinmittee (wlio are also tlie TrLlStees) .£ubmits their repoit and tiiiancial statenienls for tlie year elided i l Marcli 2025. Page4 of13
ABERFELDY ISLAMIC CULTURAL CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2025 Orgginisation: A Management Committee. the members of which are the trustees manages the affairs ol the charity The Management Committee manages the business ol the charity including the paying of all expenses Trustees: Trustees, who are all nieinbers of tlie execLltive coinniittee, ai)d wlio served dLiring the year are set out on page i. The trustees al'e elected at tlie AnnLial Geiiercll Meeting, for Ineinbersl)ip of Ilie Executive Coininittee aiid serve uiitil tlie end of Ilie iiext Aniiual General Meeting, wliere tliey can stand for re- election as Ineinbeis of the iiew Executive Coii)illittee. Trustees responsibilAties in relation to the financial statements Tlie coiniiiittee or Trustees al'e reqliired by charity's law to prepare financial statemeiits for each finai)cial year whicli Trive a true and fair view of the financial activities ot the cliarity aiid of its financial positioii at tlie end of that year. In prepariiio those fiiiancial stateinents the Trustees are required to.. The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Pra¢li¢el. 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 stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the Trustees are required to". Select suitable accounting policies and then apply them consistently" Observe the methods and principles in the Charities SORP", M..ke judgements and accounting estimates that are reasonable and prudent., Prepare the Financial Statements on the going concern basis unle5S It is inappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial p051tion of the charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. The Charity (Account5 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 VOLUNTEERS: The Trustees wish lo record their appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of the Charity and are critical in helping to keeps the running costs down RISK REVIEW: The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement. All staff and volunteers are trained and have all the required slalulory and regulatory clearances required. Page 5 of 13
ABERFELDY ISLAMIC CULTURAL CENTRE REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2025 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased lo note, that there were no incidents which gave rise to the need for the Trustees lo lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise to the need for the Trustees lo record on the Charity's Exceptions. Register. RELATED PARTY TRANSACTIONS: During the year the Charily was under the conliol of Trustees 2nd Management Committee members as listed above. This report. which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small companies. No members of the management committee received any remuneration during the year. No trustee or other person related lo the charity had any personal interest in any contract or transaction entered into by the charity during the year. Reserve Policy It is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be maintained at a level equivalent to its expenditure. The Trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding. They will be able to continue the charity's current aclivilie5 while consideration is given lo ways in which additional funds may be raised. The Centre will actively work lo achieve thi5 level of reserves. INDEPENDENT EXAMINER According to the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required fDr this financial year. However due lo provisions of the same act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Independent Examiner. Transaction and financial position The Statement of Financial Activities shows nel surplLJS for the year of £109,273 and our accumulated funds stand at £465,301 in total. AM Accountancy Service5 carried out an independent examination of the accounts included in the report. This report. which has been prepared in accordance with the Statement of Recommended Practice ISORPI Accounting and Reporting by Charities issued in 2005. Approved by the trustee5 and signed on its behalf by This report was approved by the Executive Committee on and signed on their behalf. Mahbubul Alom {Chairmanl Dale. i ¥ hmed (General Secretary) Date.. I t Shamsul Hoque {Treasurerl ol Page6 of13
Accountants, Report To the Trustees of ABERFELDY ISLAMIC CULTURAL CENTRE FOR THE YEAR ENDED 31 MARCH 2025 We report on the accounts for the year ended 31 March 2025 set out on pages 810 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements. Respective Responsibilities of Trustees and Accountants As described on page 5 the trustees are I'espoiisible for the preparation of the financial statemeiits, aiid they considei. that tlie trust is exeinpt froill an aiidit. It is our responsibility to cai'ry OLIt procedlires designed to eiiable us to report OLir opinion to YOLI. Basi5 of Opinion We conducted our work in accordance with the Statement of Standards for Reporting Accountants. and so our procedures consisted of comparing the accounts with the accounting records kept by the charity. and making such limited enquiries of the trustee5 and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion. Opinion In our opinion.. lal The accounts are in agreement with the accounting records kept by the charity under the requirements of the Slalemenl of Recommended Practice - Accounting and Reporting by Charities., (b) Having regard only to, and on the basi5 of, the information contained in those accounts.. {1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice - Accounting and Reporting by Charities, and (2} The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act. 131 This unaudited Account we have prepared in accordance with the figure. infomiation and explanation we have received from the management of the current committee. AM ACCOUNTANCY SE 43 BEN JONSON ROAD LONDON E14SA ICES AM ACCOIINTANI.'I' sf.iiiiicr.s A3 Hl--Nl l()Nlb( IXI III_)Il L) LONDI)N LI J%1 TLL. O?U 77()Ll G I I I l-.AX.. O?0 7790 Soi., Date: 01 Page70113
ABERFELDY ISLAMIC CULTURAL CENTRE Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025 2025 Total 2024 Total Notes Unreslricled Restricted Incoming Resources Memebership fees Income from Sales of Vegetables Grant.. LBTH Donations foi New Mosque Parents Contribution Grant from HARCA All Other General Donations Nominab'on Fees 53,392 53,392 1,595 22,842 4.205 1,595 92,936 92,936 67,202 Total In¢omin Resources 94,531 53,392 147.923 94.249 Re$our¢es Expended Dlrect Charitable Expenditure Printing, Postage, & Adverti'sement Telephone. fax and photocopies Rent, Rates and service charges Light, Heat and Water Cleaning Salary Freelance Staff Events, Activities & Stationery 1,176 1,176 1,236 1,297 1,689 139 500 31.990 1,297 1.689 139 500 31.990 1,292 985 331 26.010 Direct charitable ex endilure 36.791 36,791 29.854 Management & Administration Accountancy Advertising and promotion Bank charges Insurance CRB fee Depreciation Sundry airs ement & Administration 600 600 600 1.017 1,017 1.197 242 1,859 242 1.859 582 2,379 Mana Total Resources Ex ended 38.650 38,650 32.233 Net Incoming Resources I {resources expended) 55.881 53,392 109,273 62,016 Net Movement funds for the period: 55.881 53.392 109.273 62,016 Total Funds Brought fotward 204,187 151.841 356.028 294,012 Balance at 31 March 2025 260,068 205,233 465.301 356,028 Page 8 of 13
ABERFELDY ISLAMIC CULTURAL CENTRE Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2025 2025 Notes Income Total expenditure Net Surplus (Deficitl for the financial year 147,923 38,650 109.273 Page9of 13
ABERFELDY ISLAMIC CULTURAL CENTRE Balance Sheet as at 31 DAarch 2025 2025 NOTE Fixed Assets Fixture, Fittings and Equipments 5,764 Current Assets Cash al Bank & in Hand Debtor (Grant receivable from HARCA + £50.00 Membership fee + Propety fund) 260.087 218.050 478,137 Current Liabilities Amount falling due to one year Accruals 18,600 18.600 NET CURRENT ASSETS I ILIABILITIESI 459,537 TOTAL ASSETS LESS CURRENT LIABILITIES 465.301 FUNDS: 356,028 Exce5sIIDeficitl of income ovei expenditure 109,273 Total Funds 465,301 The financial statements were approved by the Executive Committee on . their behalf by- and signed on Mahbubul Alom (Chairperson) hmed (General Secretary) Shamsul Hoque (Treasurer} Dale: The Notes on pages 10 10 12 form part of the financial slatemenls. Page 10of 13
- ACCOUNTING POLICIES a. Basis of Accounting Basis of accounting The Financial Slalements have been prepared under the historical cost convention, as modifi'ed by the revaluation ol certain fixed assets and investments measured at market value The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities leffeclive January 20151, and the requirements of Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015} (SORP 2015). b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis_ c. Donations Donation are recorded on a receipt basis. d. Incoming Resources Voluntary income and donations are included in incoming resources when they are receivable. except when the donors specify that they must be used in future accounting periods or donors, conditions have not been fulfilled. then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraisin9 costs. e. Resources Expended Resources expended are included in the Statement of Financial Activities on accruals basis. inclusive of any VAT that Cannot be recovered. Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are allributable to more than one activity, they have been apportioned across the cost categories on a bas15 consistent with the use of those resources. f. Going Concern Basis The financial statements have been prepared on the going concern basis, as in the opinion of the trustees. there are no issues arising which would suggest any other basis as being more appropriate. g. Administration Costs Administration expenditure includes all expenditure not directly related lo the charitable activity. h. Taxation As a charity. they are exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. i. Depreclation: Depreciation is calculated so as to write off the cost of an asset. less its estimated residual value. over the useful economic life of that asset as follows.. Fixture, Fittin9 and Equipment.. 15 0/0 on Reducing Balance method Page11 of13
ABERFELDY ISLAMIC CULTURAL CENTRE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS 2. FIXED ASSETS COST Fixtures, fillings & Improvetnenls Building and Construction Al 01 April 2024 Fixtures and fillings Addition Al 31 March 2025 6,781 6,781 6,781 6,781 DEPRECIATION At 01 April 2024 Charge for the year Al 31 March 2025 1,017 1.017 1,017 1.017 NET BOOKVALUE At 01 April 2024 Al 31 March 2025 6.781 5.764 6.781 5,784 Page 12of 13
ABERFELDY ISLAMIC CULTURAL CENTRE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS Net Surplus of the Financial Year The excess of expenditure over income is staled after charging.. 2025 Accounlanls, remuneration Depreciation 600 1,017 Creditors and Acruals Rent Accountancy 18.000 600 18,600 Fund51Capital Balance al 31 March 2023 356,028 Balance al 1 April 2024 356.028 Excessl (Deficill of Income over Expenditure Balance at 31 March 2025 109,273 465.301 Page 13of13