Company registered number: 08892469 Charity registered number: 1158903
BURY ST EDMUNDS ISLAMIC CULTURAL ORGANISATION TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
Bury St Edmunds Islamic Cultural Organisation Content For The Year Ended 28 February 2025
Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees Report | 2 - 3 |
| Independent Examiner Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 – 9 |
Bury St Edmunds Islamic Cultural Organisation Charity Information For The Year Ended 28 February 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Number 1158903 Company Number 08892469 Registered Office Vineyard Centre 15a Out Westgate Bury St. Edmunds Suffolk England IP33 3NZ Trustees
The trustees and directors serving during the year and since the year end were as follows:
Mr Jasmili Bin Abdul Rashid Mr Mohammed Kachar Mr Forhad Mohammed Rouf Independent Examiner Accountax (UK) Ltd 21 Knightsbridge London England SW1X 7LY
Page 1
Bury St Edmunds Islamic Cultural Organisation Trustees' Report (Including Directors’ Report) For the Year Ended 28 February 2025
The trustees present their report and the financial statements for the year ended 28 February 2025.
STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document
The charity is charitable company limited by guarantee, governed by memorandum and articles incorporated 13 Feb 2013 as amended by special resolution registered at companies’ house on 30 Sep 2014.
Organisational Structure
The trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits to fulfil this role. The charity trustees meet on a regular basis and are responsible for all decisions taken in relation to the overall control and strategic management of the charity.
CHARITY OBJECTIVES
The objective of the charity is mainly to advance the Islamic religion for the benefit of the public in accordance with the statement of faith attached here to and by establishing and maintaining an Islamic cultural centre for the Muslim population of bury St. Edmund.
Public Benefit
In carrying out this review the trustees of Bury St Edmunds Islamic Cultural Organisation have taken regard of and comply with the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of education for the public benefit and holding of prayer meetings, lectures and public celebration of religious festivals and make available religious books.
FINANCIAL REVIEW
During the year charity received the donation of £217,776 (2024: 23,339) and generated a net surplus of £191,375 (2024: £18,399).
During the year, the charity received donations from the public, reflecting continued community support. These funds were utilised in line with the charity’s objectives to meet running expenses and to support activities carried out for public benefit. In addition, the charity acquired a building during the year, which will be used as a masjid. This will enable the charity to further its objectives by providing a dedicated space for worship and community activities.
The charity does not have any policy of holding reserves as this is considered unnecessary after running costs or any commitments to fulfil, hence no such amounts are held for reserves.
Achievements and performance
As explained in financial review, the charity has fulfilled its objectives by making spending donations to the eligible activities in accordance with charity’s objectives. There were no fundraising activities or material expenditure incurred to raise future income.
Plan for the future
The trustees of Bury St Edmunds Islamic Cultural Organisation will continue to ensure that all activities are delivered strictly in accordance with the charity’s governing document and charitable objects: the prevention or relief of poverty, the advancement of education, and other recognised charitable purposes under the law.
The focus over the coming years will be to strengthen governance, enhance accountability, and increase impact across all programmes in the UK and overseas. This will include the following priority areas:
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Interfaith programmes – Run workshops and dialogues promoting shared values and community cohesion.
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Cultural outreach – Host exhibitions, performances, and lectures celebrating diverse heritage.
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Equality campaigns – Lead initiatives tackling discrimination and promoting human rights.
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Arts for social impact – Use creative projects to explore faith, identity, and inclusion.
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Inclusive training – Provide education on religious literacy, diversity, and cultural sensitivity.
Page 2
Bury St Edmunds Islamic Cultural Organisation Trustees' Report (Including Directors’ Report) For the Year Ended 28 February 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees (who are also directors of Bury St Edmunds Islamic Cultural Organisation for the purposes of company law, 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).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company’s auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Approved by the Board of Trustees and signed on its behalf by:
Rashid Jasmili
Rashid Jasmili (Apr 23, 2026 09:40:27 GMT+1)
~~------~~ -----------------------------
Mr Jasmili Bin Abdul Rashid Trustee
Page 3
Bury St Edmunds Islamic Cultural Organisation Independent Examiner Report For the Year Ended 28 February 2025
I report to the charity trustees on our examination of the accounts of the charity for the year ended 28[th ] February 2025.
Trustees & Examiner Responsibilities
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities as applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ghafoor Ahmad Khattak (Senior Statutory Auditor) For and on behalf of Accountax (UK) Ltd, Statutory Auditor Chartered Certified Accountant and Registered Auditors
21 Knightsbridge London England SW1X 7LY
Date: 23 April 2026
Page 4
Bury St Edmunds Islamic Cultural Organisation Statement of Financial Activities Including Income and Expenditure Account For The Year Ended 28 February 2025
| Notes Income and endowments from: Donations and legacies 2 Other income 3 Total income Expenditure: Charitable activities 4 Total expenditure Net income for the year Reconciliation of funds: Total funds brought forward Total funds carried forward 7 |
Unrestricted funds £ 2025 217,776 207 217,983 (26,608) (26,608) 191,375 76,081 267,456 |
Restricted funds £ 2025 - - - - - - - |
Total funds £ 2025 217,776 207 217,983 (26,608) (26,608) 191,375 76,081 267,456 |
Total funds £ 2024 23,339 633 |
|---|---|---|---|---|
| 23,972 | ||||
| (5,574) | ||||
| (5,574) | ||||
| 18,399 | ||||
| 57,683 | ||||
| 76,082 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes on pages 7 to 9 form part of these financial statements.
Page 5
Bury St Edmunds Islamic Cultural Organisation Balance Sheet As at 28 February 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 5 | 399,611 | - | |||
| 399,611 | - | |||||
| CURRENT ASSETS | ||||||
| Cash at bank and in hand | 18,965 | 105,097 | ||||
| 18,965 | 105,097 | |||||
| Creditors: Amounts falling due within one year | 6 | (151,120) | (29,015) | |||
| NET CURRENT (LIABILITIES) / ASSETS | (132,155) | 76,082 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 267,456 | 76,082 | ||||
| NET ASSETS | 267,456 | 76,082 | ||||
| INCOME FUNDS | ||||||
| Unrestricted funds | 7 | 267,456 | 76,082 | |||
| TOTAL FUNDS | 267,456 | 76,082 |
For the year ended 28 February 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
On behalf of the board
Rashid Jasmili
Rashid Jasmili (Apr 23, 2026 09:40:27 GMT+1)
Mr Jasmili Bin Abdul Rashid Trustee
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Bury St Edmunds Islamic Cultural Organisation Notes to the Financial Statements For The Year Ended 28 February 2025
1. Accounting policies
1.1. Basis of preparation of financial statements
The financial statements of the charity have been prepared in accordance with the charity’s governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standards 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) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy or note.
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 charity meets the definition of a public benefit entity under FRS 102.
1.2. Going concern disclosure
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 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.
1.3. 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.
Donations and legacies: This comprise of all incoming resources from donations collected during the year.
1.4. Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of obligation can be measured reliably.
1.5. Tangible assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold building 2% on Cost
Page 7
Bury St Edmunds Islamic Cultural Organisation Notes to the Financial Statements (continued) For The Year Ended 28 February 2025
2. Donations and legacies
| Donations from individuals Donations from entities 3. Other income Interest income 4. Expenditure on charitable activities Accountancy fee Bank fee Cleaning Evangelism and special events Light, power and heat Depreciation Professional fees Rent and rates Repairs & maintenance 5. Tangible assets Freehold property |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 188,029 - 188,029 8,052 29,747 - 29,747 15,287 217,776 - 217,776 23,339 2025 2024 £ £ 207 633 207 633 Unrestricted funds Restricted funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 675 - 675 - 60 - 60 - 357 - 357 - 9,070 - 9,070 2,654 415 - 415 - 6,911 - 6,911 - 850 - 850 1,400 841 - 841 1,520 7,429 - 7,429 - 26,608 - 26,608 5,574 2025 2024 £ £ 5.1 399,611 - 399,611 - |
|---|---|---|---|---|---|---|---|---|
| 207 | ||||||||
| 26,608 | 5,574 | |||||||
| 2025 £ 399,611 399,611 |
2024 £ - |
|||||||
| - |
Page 8
Bury St Edmunds Islamic Cultural Organisation Notes to the Financial Statements (continued) For The Year Ended 28 February 2025
5.1 Freehold property
| 5.1 Freehold property | |||||
|---|---|---|---|---|---|
| Cost As at 01 March 2024 Additions during the year As at 28 February 2025 Depreciation As at 01 March 2024 Depreciation charged during the year As at 28 February 2025 Carrying amount As at 28 February 2024 As at 28 February 2025 6. Creditors: Amounts falling due within one year Accruals Other creditors 7. Statement of funds Unrestricted funds General funds Total unrestricted funds |
At 1st Mar 2024 £ 76,081 76,081 |
Income £ 217,983 217,983 |
Freehold property £ - 406,522 406,522 - 6,911 6,911 - 399,611 2025 £ 1,200 149,920 151,120 Expenditure £ (26,608) (26,608) |
Total £ - 406,522 406,522 - 6,911 6,911 - 399,611 |
|
| 2024 £ - 29,015 |
|||||
| 29,015 | |||||
| At 28th Feb 2025 £ 267,456 |
|||||
| 267,456 |
9. Trustees’ remuneration and benefits
None of the trustees (or any person connected with them) received any remuneration or benefits from the charity during the year (2024: Nil).
10. Related party transactions
There were no related party transactions during the year (2024: Nil).
Page 9