## **THE £1 HOSPITAL (ONE POUND HOSPITAL) Charity Registration Number: 1162150 Company Registration Number : 13794357**
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
## **REPORTING ACCOUNTANTS:**
AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111
Page 1 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
FOR THE YEAR ENDED 31 OCTOBER 2025
|**CONTENTS**||**Pages**|
|---|---|---|
|Information of financial Statements|:|3|
|Report of the Executive Committee|:|4 - 5.|
|Statement of responsibilities of the|Committee:|6|
|Independent Examiner's Report|:|7|
|Income and Expenditure Accounts|:|8|
|Statement of Assets and Liabilities|:|10|
|Notes to the Accounts||11 -12.|
Page 2 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
FOR THE YEAR ENDED 31 OCTOBER 2025
## MANAGEMENT COMMITTEE
CHAIR PERSON Dr Mohammed Sanur Ali GENERAL SECRETARY M Ayas Miah TREASURER Md Serajul Islam ADDRESS 43 Ben Jonson Road London E1 4SA
Dr Mohammed Sanur Ali
BANKER LLOYDS BANK PLC
INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111
## **Charity's Trustees:**
Dr Mohammed Sanur Ali M Ayas Miah Md Serajul Islam M Abul Hashem Shah Suhel Ameen
Page 3 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
## REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2025
The trustees present their report and financial statements for the year ended 31 October 2025 The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity.
## **Legal Status:**
Company: Limited by guarantee, company number: 13794357 Charity: Registered with the Charity Commission, Charity Number: 1162150
Directors and their interest:
The following served as directors of the company during the year:
Dr Mohammed Sanur Ali M Ayas Miah M Serajul Islam M Abul Hashem Shah Suhel Ameen
## **Objects, Principal Activities and Organisation of the Charity**
The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association AND
A Management Committee, the members of which are the trustees manages the affairs of the charity The Management Committee manages the business of the charity including the paying of all expenses.
The Charity's objects are for the benefit of the inhabitants of London, UK , and in Bangladesh in particular members of the Minority Ethnic Communities but exclusively who are in hardship by:
1. The relief of sickness and the preservation of health among people residing permanently or temporarily in Sylhet, Bangladesh, throgh the provision of Hospital, Clinics and the necessary resources to allow for its effective operation.
2. Advance education and to provide community services with the object of improving the quality of lives for the general public in East London
3. The Charity continues to provide humanitarian assistance to the most vulnerable people
here in UK and in Bangladesh.
Page 4 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
REPORT OF THE EXECUTIVE COMMITTEE
FOR THE YEAR ENDED 31 OCTOBER 2025
## **Organisation:**
A Management Committee, the members of which are both directors and trustees manages the affairs of the company and charity.
The Management Committee manages the business of the company and charity including the paying of all expenses.
## **Directors and shareholding**
The directors do not have any shares in the company, the company being limited by guarantee.
## **Trustees:**
Trustees, who are all members of the executive committee, and who served during the year are set out on page 3.
The trustees are elected at the Annual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee.
## **Directors’ / Trustees responsibilities in relation to the financial statements**
The directors are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the directors 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 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 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;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Directors / Trustees are responsible for keeping proper 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
## **VOLUNTEERS:**
The Trustees wish to 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 statutory and regulatory clearances required.
Page 5 of 61
## **SERIOUS INCIDENTS AND EXCEPTIONS:**
The Trustees are pleased to note, that there were no incidents which gave rise to the need for the Trustees to 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 to record on the Charity’s Exceptions’ Register.
## **RELATED PARTY TRANSACTIONS:**
During the year the Charity was under the control of Trustees and 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.
## **INDEPENDENT EXAMINER**
According to the provisions of the Charities Act 1993, the Committee has agreed that and audit is not required for this financial year. However due to 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 net surplus for the year of £18,012 and our accumulated funds stand at £318,706 in total.
AM Accountancy Services 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 (SORP) Accounting and Reporting by Charities issued in 2005.
## **Approved by the trustees and signed on its behalf by**
This report was approved by the Executive Committee on and signed on their behalf.
……………………… Dr Mohammed Sanur Ali (Chair person) Date: 26/02/2026
…………………………..
Md Serajul Islam (Treasurer) Date: 26/02/2026
Page 6 of 61
## **Accountants’ Report**
## **To the Trustees of**
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
FOR THE YEAR ENDED 31 OCTOBER 2025
We report on the accounts for the year ended 31 October 2025 set out on pages 8 to 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 responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
## **Basis 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 trustees 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:
- (a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice – Accounting and Reporting by Charities;
- (b) Having regard only to, and on the basis 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.
- (3) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee.
AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA
Date: 28/02/2026
Page 7 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
## **Statement of Financial Activities (Income & Expense Statement)**
## FOR THE YEAR ENDED 31 OCTOBER 2025
|Notes
**Incoming Resources**
Building Project (Founder Members'/ Patrons' Donation)
Building Project (Room Donors' Donation)
All Other General Donations
Donations Via Gift Aid & Just Giving
Subscriptions/ Membrship fees
Zakath Donation (For Poor people)|2025
Unrestricted
Restricted
Total
**£**
**£**
**£**
0
17,000
17,000
0
0
18,080
18,080
7,605
7,605
585
585
0
0|2024
Total
**£**
37,000
0
20,394
13,105
610|
|---|---|---|
|**Total Incoming Resources**|26,270
17,000
43,270|71,109|
|**Resources Expended**
**Direct Charitable Expenditure**
Printing, Postage and Stationeries
Telephone, fax and photocopies
Office Rent
Caretaker Expenses
Cost of Fundraising/ Paid to TV
Overseas Projects for Hospital Construction
Website and Marketing
Wages and Volunteer expenses
Events and activities (Project Costs/Donation)|1,227
1,227
351
351
800
800
1,733
1,733
15,200
15,200
0
0
0
653
653
1,513
1,513
1,000
1,000|1,193
301
10,450
0
0
2,161
0|
|Direct charitable expenditure|22,477
0
22,477|14,105|
|**Management & Administration Expenses:**
Accountancy
Travelling and Transport
Website Hosting
Zoom costs
Management and Admin Costs
Just giving fees
Companies House
Depreciation
Bank and Credit Card Charges|1,000
1,000
0
0
0
0
0
0
1,001
1,001
0
0
40
40
0
0
740
740|1,000
0
0
0
0
0
40
0
689|
|Management & Administration Expenses:|2,781
0
2,781|1,729|
||||
|**Total Resources Expended**|25,258
0
25,258|15,834|
|**Net Incoming Resources /**
**(resources expended)**
**Net Movement funds for the**
**period:**
**Total Funds Brought forward**|**1,012**
**17,000**
**18,012**|**55,275**|
||1,012
17,000
18,012
0
0
300,694|55,275
245,419|
|**Balance at 31 October 2025**|1,012
17,000
**318,706**|**300,694**|
Page 8 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
**Summary Income and Expenditure Account FOR THE YEAR ENDED 31 OCTOBER 2025**
|Notes
Total Income
Total expenditure
Net Surplus (Deficit) for the financial year|**2025**
**2024**
**£**
**£**
43,270
71,109
25,258
15,834|
|---|---|
||**18,012**
**55,275**|
There were no recognised gains other than those included in the Income and Expenditure Account for current year.
Page 9 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
## **Statement of Assets & Liabilities ( Balance Sheet) As at 31 October 2025**
|**NOTE**
**Fixed Assets**
Land and Buildings
2
**Current Assets**
Cash at Bank & in Hand
**Current Liabilities**
Amount falling due to one year
Accruals
4
Interest Free Loan
5
NET CURRENT ASSETS / (LIABILITIES)
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS: Brought Forward**
6
Excess/(Deficit) of income over expenditure
**Total Funds**||2025
**£**
270,858
60,213
-|**£**
270,858
47,848|
|---|---|---|---|
|||60,213
1,115
11,250||
|||12,365||
||||318,706|
||||300,694
18,012|
||||318,706|
The financial statements were approved by the Executive Committee and signed on their behalf:
………………………….. …………………………… Dr Mohammed Sanur Ali Md Serajul Islam (Chair person) (Treasurer) Date: 26/02/2026
The Notes on pages 10 to 12 form part of the financial statements.
Page 10 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
**FOR THE YEAR ENDED 31 OCTOBER 2025**
**NOTES TO THE ACCOUNTS**
## **1. ACCOUNTING POLICIES**
## **a. Basis of Accounting**
Basis of accounting The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of 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 (effective January 2015), 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 fundraising 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 attributable to more than one activity, they have been apportioned across the cost categories on a basis 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 to the charitable activity.
## **h. Depreciation:**
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, Fitting and Equipment 15 % on Reducing Balance method Land and Building 0%
Page 11 of 61
## **THE £1 HOSPITAL (ONE POUND HOSPITAL)**
FOR THE YEAR ENDED 31 OCTOBER 2025
NOTES TO THE ACCOUNTS
|**2.**
**3.**
**4.**
**5 .**
**6.**|**FIXED ASSETS**
**COST**
**£**
At 01 November 2024
Balance B/F
36,538
Additions
-
At 31 October 2025
36,538
DEPRECIATION
At 01 November 2024
-
Charge for the year
-
At 31 October 2025
-
NET BOOK VALUE
At 01 November 2024
36,538
At 31 October 2025
36,538
**Net Surplus of the Financial Year**
The excess of expenditure over income is stated after charging:
Accountants' remuneration
Depreciation
**Creditors and Acruals**
Telephone
Accountancy
Karje Hasana (Interest free loan)
Interest Free Loan
**Funds/Capital**
Balance at 31 October 2024
Balance at 1 November 2024
Excess/ (Deficit) of Income over Expenditure
**Balance at 31 October 2025**
Land and
Properties|**£**
Land and
Properties|Total
**£**
**£**
Building and
Construction|
|---|---|---|---|
|||36,538
-|-
-
234,320
270,858
-
-|
|||36,538|234,320
270,858|
|||-
-|-
-
-
-|
|||-|-
-|
|||36,538|234,320
270,858|
|||36,538|234,320
270,858|
||||**2025**
**£**
1,000
0
115
1,000
1,115
11,250
**£**
300,694
300,694
18,012
**318,706**|
Page 12 of 61
Page 13of61
(a)
**Include charity number: 1154529**
## **CHARITABLE ACTIVITIES – COST – INCOME ETC CONTENTS:**
1. CHARITY INFORMTION:
2. MEMBERS OF BOARD/TRUSTEES:
3. TRUSTEES ANNUAL REPORT:
4. STATEMENT OF FINANCIAL ACTIVITIES:
5. BALANCE SHEET:
6. NOTES TO ACCOUNTS:
## **TRUSTEES:**
MRS. SAHRA MIRE - CHAIR MS.KHADRA EIGE MRS.AMINA ABDI MISS.SHERIHAN HASSAN MRS.MUNA ALI
## **CHARITIES ACTIVITIES AND REVIEW – PAGE 2**
## **Income: PUBLIC DONATIONS**
**GIFT AID DONATIONS:** Tax recovered under Gift Aid
## **Student Fee: Madrassah contributions**
## **INCOME : Cupping income : £6000**
**TRUSTEE ANNUAL REPORT** : Director Report: AUDIT EXEPT? **THE COMPANY: THE CHARITY**
## **ACCOUNTING POLICIES:**
Basis of accounting The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of 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 (effective January 2015), 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).
## **Fixed assets:**
All fixed assets are initially recorded at cost.
## **Depreciation:**
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:
- Furniture & equipment - 10% reducing balance
- Fixtures & fittings - 10% reducing balance
- Motor Vehicles - 25% reducing balance
- Computer equipments - 25% straight line
Freehold property is maintained in a good state of repair with regular maintenance and refurbishment carried out when required. The difference between the residual value and the book value is not considered to be material, therefore no depreciation is provided.
## **STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES:**
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 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 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;**
**Make judgements and accounting estimates that are reasonable and prudent; Prepare the Financial Statements on the going concern basis unless 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 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.
## **Stocks:**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **VOLUNTEERS:**
The Trustees wish to 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 statutory and regulatory clearances required.
## **SERIOUS INCIDENTS AND EXCEPTIONS:**
The Trustees are pleased to note, that there were no incidents which gave rise to the need for the Trustees to 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 to record on the Charity’s Exceptions’ Register.
## **PAGE 5: CHARITABLE ADMINISTRATION EXPENSES PAGE 6: THE TRUSTEES ARE SATISFIED**
## **WAGES / SALARIES:**
## **Particulars of employees:**
The average number of employees during the year, calculated on the basis of paid staff, was as follows:
Education and administrative support staff: 9 part-time staff
General volunteers: 42
## **Administration functions are carried out by unpaid volunteers.**
No employee received remuneration of more than £10,000 during this year.
## **RELATED PARTY TRANSACTIONS** :
During the year the Charity was under the control of Trustees and Management Committee members as listed above.
None of the Trustee or management committee member were remunerated or paid any expenses. However, they used the facilities offered by the Charity for performance of their religious duties like other members of the Muslim community.
**All staff wages/ salaries are paid with Madrassah contributions and not by any other donations, unless authorised by majority of trustees.**
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally en to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregat related to the category. Where costs cannot be directly attributed to particular headings they have been a to activities on a basis consistent with the use of resources
Objects, Principal Activities and Organisation of the Charity
The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association AND
The Charity's objects are for the benefit of the inhabitants of London Borough of Tower Hamlets, and in particular members of the Minority Ethnic Communities but exclusively who are in hardship by:
1. TO DEVELOP THE CAPACITY, SKILLS AND EDUCATION OF THE MEMBERS OF THE DISADVANTAGED COMMUNITY IN TOWER HAMLETS, IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY AND HELP MEET THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY.
2. ADVANCE EDUCATION AND TO PROVIDE COMMUNITY SERVICES WITH THE OBJECT OF IMPROVING THE QUALITY OF LIFE FOR THE GENERAL PUBLIC IN EAST LONDON
3. TO ADVANCE THE ISLAMIC FAITH FOR THE BENEFIT OF THE PUBLIC IN TOWER HAMLETS IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF A MOSQUE AND EDUCATION AND CULTURAL CENTRE.
To promote the benefits of the Bangladeshi inhabitants living in England and Bangladesh the following charitable purposes:
development of Islamic Educational Institutions.
Bangladesh by the provisias the trustees may from time to time determine
and practices of different religious faiths.
Changes to be made before finalising - change Treasurer from Amina Abdi to Sahra Mire
- On page 4, please change charity objects, to the following - it has already been changed on charity commission and companies House
## **Objects, Principal Activities and Organisation of the Charity**
The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association AND
The Charity's objects are for the benefit of the inhabitants of London Borough of Tower Hamlets, and in particular members of the Minority Ethnic Communities but exclusively who are in hardship by:
1. TO DEVELOP THE CAPACITY, SKILLS AND EDUCATION OF THE MEMBERS OF THE DISADVANTAGED COMMUNITY IN TOWER HAMLETS, IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY AND HELP MEET THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY.
2. ADVANCE EDUCATION AND TO PROVIDE COMMUNITY SERVICES WITH THE OBJECT OF IMPROVING THE QUALITY OF LIFE FOR THE GENERAL PUBLIC IN EAST LONDON
3. TO ADVANCE THE ISLAMIC FAITH FOR THE BENEFIT OF THE PUBLIC IN TOWER HAMLETS IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF A MOSQUE AND EDUCATION AND CULTURAL CENTRE.
# **ABERFELDY ISLAMIC CULTURAL CENTR Charity Registration Number: 1157888**
TRUSTEES' REPORT AND FINANCIAL STATEM FOR THE YEAR ENDED 31 MARCH 2017
## **REPORTING ACCOUNTANTS:**
AM ACCOUNTANCY SERVICES 78 BEN JONSON ROAD LONDON E1 3NN TEL: 020 7790 6111
## **ABERFELDY ISLAMIC CULTURAL CENTRE**
FOR THE YEAR ENDED 31 MARCH 2017
## **CONTENTS**
|Legal and Administrative Information|:|
|---|---|
|Report of Trustees|:|
|Accountants' Report||
|Statement of Financial Activities|:|
|Summary Income & Expenditure Account|:|
|Balance Sheet|:|
|Notes to the Accounts||
## **ABERFELDY ISLAMIC CULTURAL CENTRE**
Legal and Administrative Information FOR THE YEAR ENDED 31 MARCH 2017
## **CHARITY REGISTERED NUMBER:**
1157888
EXECUTIVE COMMITTEE
CHAIR PERSON Mahbubul Alom GENERAL SECRETARY Mashuk Ahmed TREASURER Shamsul Hoque
ADDRESS 36 - 38 Aberfeldy Sreet Poplar London E14 0NU
BANKER Barclays Bank
INDEPENDENT EXAMINER
AM ACCOUNTANCY SERVICES 78 BEN JONSON ROAD LONDON E1 3NN TEL: 020 7790 6111
## **Charity's Trustees:**
Mahbubul Alom
Chair Person
Muhibur Rahman Vice Chair Mashuk Ahmed General Secretary Mohammed Sufi Miah Assistant Secretary Shamsul Hoque Treasurer Md Nizam Ahmed Cultural & Education Secretary Mamun Ahmed Choudhury Press & Publicity Secretary Fozlur Rahman EC Member Rufa Miah EC Member
## **ABERFELDY ISLAMIC CULTURAL CENTRE** REPORT OF THE MEMBERS OF THE EXECUTIVE COMMITTEE (TRUS FOR THE YEAR ENDED 31 MARCH 2017
The trustees present their report and financial statements for the year ended 31 March 2017. The Trustees have adopted the provisions of the Statement of Recommended Practice (SO _Accounting and Reporting by Charities_ issued in 2005 in preparing the annual report and financial statements of the Charity.
## **Legal Status:**
## Charity: Registered with the Charity Commission, Charity Number: 115788
## **Objects, Principal Activities and Organisation of the Charity**
The Charity's objects are for the benefit of the inhabitants of London Borough of Tower H in particular members of the Muslim Minority Ethnic Communities but exclusively who hardship by:
a) Relieving poverty, sickness and distress by through the provision of advice and informat
said inhabitants in need of such advice that may include welfare benefits, health and educ
- b) Advancing education in particular the provision of language and other subject classes.
- c) Providing or assisting in the provision of facilities for the recreation and the leisure time, o
- in the interest of social welfare and the object of improving their conditions of life.
- d) To advance the religion of Islam in accordance with the doctrines and tenets of the Sunn Islam.
- e) To advance the education of Muslims and Muslim children in conformity with the doctrine of the Sunni Sect of Islam.
## Report of the Trustees
The Management Committee (who are also the Trustees) submits their report and financi for the year ended 31 March 2017.
## **Organisation:**
A Management Committee, the members of which are trustees manages the affairs of the Management Committee manages the business of the charity including the paying of all e
## **Trustees:**
Trustees, who are all members of the executive committee, and who served during the year are s page 3. The trustees are elected at the Annual General Meeting to serve as members of the Exec Committee until the next Annual Geeneral Meeting and to re-submit themselves for re-election as Executive Committee members.
## **Structure, Governance and Management**
The charity is constituted by a constitution. It is governed by the regulation set out in the and run by a voluntary management committee.
The Management committee members are normally briefed by the Chairperson and the General S in order to familiarise themselves with the rules, regulations and responsibilities of the charity. The Management Committee meet regularly during the year to review the activities of the charity includ approval of the annual report and accounts as well as budgets, capital expenditure and to set out raising date for the charity. The day to day work of the charity is overseen by the Chairperson who responsible to and reports to the Management Committee. The Management Committee are awa potential risks to the charity, both financial and otherwise. Therefore, strategies are in place to con risks. Assessments have also been taking place relating to fire and health and safety. The Manag Committee is seriously looking into other risk areas such as operational, governance and complia law and regulations.
## **Achievement and Performance of the Association**
The Management Committee is pleased to report an active and successful year. The Asso actively seeking to protect its financial security in order to continue to safeguard the ongo development of the Charity and its projects and services that it offers to the Muslim Mino Communities in the London Borough of Tower Hamlets.
## **Financial Review**
The financial position of the Charity is portrayed in the accompanying Annual Accounts.
## **Statement of Trustees Responsibilities**
Law applicable to clarities in England & Wales requires the Trustees to prepare financial statemen each financial year, which gives a true and fair view of the charity's financial activities during the y its financial position at the end of the year. In preparing those financial statements, the trustees ar required to:
- (a) Select suitable accounting policies and apply them consistently;
- (b) Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended
- (c) have been followed, subject to any departures disclosed and explained in the fin statements; Prepare the financial statements on a going concern basis unless it is in
- (d) presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable acc position of the charity and enable them to ensure that the financial statements comply with the Ch responsible for safeguarding the assets of the charity and hence for taking reasonable steps for t fraud and other irregularities.
## **Reserve Policy**
It is the policy of the charity that unrestricted funds, which have not been designated for a specific 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 continue the charity's current activities while consideration is given to ways in which additional fun be raised. The Centre will actively work to achieve this level of reserves.
## **Risk Factors**
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied tha systems are in place to mitigate exposure to the major risks.
## **INDEPENDENT EXAMINER**
According to the provisions of the Charities Act 1993, the Trustees agree that an audit is not However due to provisions of the same act an independent examiner is required.
AM Accountancy Services will be appointed as independent Examiner for the ensuring year.
The Management Committee approved the accounts on the 31 August 2017.
……………………… ……………………… ……………… Mahbubul Alom Mashuk Ahmed Shamsul Hoq (Chairperson) (General Secretary) (Treasurer) Date: Date: Date:
Zainab Abubakar Mohamed SEC SAHRA MIRE AHMED ABDIRASHID ARSHE FARDOUS YUSUF ADAM SHERIHAN HASSAN Amina Abdi
## **Accountants’ Report**
## **To the Trustees of ABERFELDY ISLAMIC CULTURAL CENTRE**
We report on the accounts for the year ended 31 March 2017 set out on pages 8 to 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 responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
## **Basis of Opinion**
We conducted our work in accordance with the Statement of Standards for Reporting Accountant and so our procedures consisted of comparing the accounts with the accounting records kept by charity, and making such limited enquiries of the trustees and officers as we considered necessar for the purpose of this report. These procedures provide only the assurance expressed in our opin
## **Opinion**
In our opinion:
- (a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice – Accounting and Reporting by Ch
- (b) Having regard only to, and on the basis of, the information contained in those accounts:
- (1) The accounts have been drawn up in a manner consistent with the accounting requirements 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 ye specified in the Charities Act.
- (3) This unaudited Account we have prepared in accordance with the figure, information and exp we have received from the management of the current committee.
AM ACCOUNTANCY SERVICES 78 BEN JONSON ROAD LONDON E1 3NN
Date:
## **ABERFELDY ISLAMIC CULTURAL CENTRE** Statement of Financial Activities For the year to 31 March 2017
|Notes|Unrestricted|Restricted|
|---|---|---|
||**£**|**£**|
|**Incoming Resources**|||
|Memebership fees|||
|Income from Sales of Vegetables|85||
|Parents Contribution|6,588||
|Grant from HARCA||18,000|
|All Other General Donations|32,486|-|
|Nomination Fees|1,750||
|**Total Incoming Resources**|40,909|18,000|
|**Resources Expended**|||
|**Direct Charitable Expenditure**|||
|Printing, postage, stationery & Advetisement|2,225.00||
|Telephone, fax and photocopies|||
|Rent, Rates and service charges|1,343.00|18,000|
|Light, Heat and Water|906.00||
|Refreshments|||
|Cleaning|70.00||
|Wages|32,033.00||
|Events and activities|640.00||
|Direct charitable expenditure|37,217|18,000|
|**Management & Administration**|||
|Accountancy|600|
|---|---|
|Bank charges||
|Insurance|79|
|CRB fee||
|Depreciation||2,422||
|---|---|---|---|
|Sundry||34.00||
|Repairs||1,325.00||
|Management & Administration||4460||
|||||
|**Total Resources Expended**||41,677|18,000|
|**Net Incoming Resources /**|**-**|**768**
|**-**|
|**(resources expended)**||||
|**Net Movement funds for the**|-|768
|-|
|**period:**||||
|**Total Funds Brought forward**||4,276||
|**Balance at 31 March 2017**||||
## **ABERFELDY ISLAMIC CULTURAL CENTRE**
**Summary Income and Expenditure Account For the year to 31 March 2017**
|Notes
Income
Total expenditure
Net Surplus (Deficit) for the financial year|**2017**
**£**
58,909
59,677|
|---|---|
||**-768**|
There were no recognised gains other than those included in the Income and Expenditure A current year.
|2017
**NOTE**
**£**
**Fixed Assets**
Fixture, Fittings and Equipments
2
-
**Current Assets**
Cash at Bank & in Hand
47,874
Debtor (Grant receiveable from HARCA)
18,000
65,874
**Current Liabilities**
Amount falling due to one year
Accruals
4
18,801
NET CURRENT ASSETS / (LIABILITIES)
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**ABERFELDY ISLAMIC CULTURAL CENTRE**
**Balance Sheet as at**
**Friday, March 31, 2017**|2017
**NOTE**
**£**
**Fixed Assets**
Fixture, Fittings and Equipments
2
-
**Current Assets**
Cash at Bank & in Hand
47,874
Debtor (Grant receiveable from HARCA)
18,000
65,874
**Current Liabilities**
Amount falling due to one year
Accruals
4
18,801
NET CURRENT ASSETS / (LIABILITIES)
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**ABERFELDY ISLAMIC CULTURAL CENTRE**
**Balance Sheet as at**
**Friday, March 31, 2017**|2017
**NOTE**
**£**
**Fixed Assets**
Fixture, Fittings and Equipments
2
-
**Current Assets**
Cash at Bank & in Hand
47,874
Debtor (Grant receiveable from HARCA)
18,000
65,874
**Current Liabilities**
Amount falling due to one year
Accruals
4
18,801
NET CURRENT ASSETS / (LIABILITIES)
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**ABERFELDY ISLAMIC CULTURAL CENTRE**
**Balance Sheet as at**
**Friday, March 31, 2017**|
|---|---|---|
|||65,874
18,801|
||||
5
## **FUNDS:**
Excess/(Deficit) of income over expenditure
## **Total Funds**
The financial statements were approved by the Executive Committee on 31 August 2017 and sign their behalf by:
………………………….. ………………………….. Mahbubul Alom Mashuk Ahmed (Chairperson) (General Secretary) Date: Date:
The Notes on pages 10 to 12 form part of the financial statements.
## **ABERFELDY ISLAMIC CULTURAL CENTRE**
**For the year to 31 March 2017 NOTES TO THE ACCOUNTS**
## **1. Accounting Policies**
## 1.1 Basis of Accounting
The financial statements have been prepared under the historical cost convention. The statements have been prepared in accordance with the statement of Recommended Pr _Accounting and Reporting by Charities (SORP 2005)_
## 1.2 Incoming Resources
Voluntary income and donations are included in incoming resources when they are rece except when the donors specify that they must be used in future accounting periods or conditions have not been fulfilled, then the income is deferred. The income from fundra is shown gross, with the associated costs included in fundraising costs.
## 1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these categories. Where costs are attributable to more than one activity, they have been app across the cost categories on a basis consistent with the use of those resources.
## 1.4 Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the op trustees, there are no issues arising which would suggest any other basis as being mo appropriate.
## 1.5 Administration Costs
Administration expenditure includes all expenditure not directly related to the charitabl
- 1.6 Depreciation on fixed assets is provided at the rates estimated to write off the cost on re balance basis
as follows:
Fixtures, Fittings and Equipment
15%
|**2.**|**FIXED ASSETS**
**COST**
**£**
**£**
At 01 April 2016
-
Fixtures and fittings
16,151
Addition
-
-
At 31 March 2017
16,151
-
DEPRECIATION
At 01 April 2016
-
-
Charge for the year
2,422
-
At 31 March 2017
2,422
-
NET BOOK VALUE
At 01 April 2016
16,151
-
At 31 March 2017
13,729
-
**ABERFELDY ISLAMIC CULTURAL CENTRE**
**For the year to 31 March 2017**
**NOTES TO THE ACCOUNTS**
Fixtures, fittings
&
Improvements
Building and
Construction|**£**
**£**
Fixtures, fittings
&
Improvements
Building and
Construction|
|---|---|---|
|||-
16,151
-
-|
|||16,151
-|
|||-
-
2,422
-|
|||2,422
-|
|||16,151
-|
|||13,729
-|
## **3. Net Surplus of the Financial Year**
The excess of expenditure over income is stated after charging:
|Accountants' remuneration
Depreciation
**4. Creditors and Acruals**
Rent
Accountancy
PAYE
**5. Funds/Capital**
Balance at 31 March 2016
Balance at 1 April 2016
Excess/ (Deficit) of Income over Expenditure
**Balance at 31 March 2017**|**2017**
**£**
600.00
2,422.00
18,000.00
600.00
201.00|
|---|---|
||18,801.00|
||**2,017.00**
**£**
61,570.00|
||61,570.00
-768.00|
||**60,802.00**|
RE
VIENTS
Pages
44
10-11
## STEES)
ORP)
88
Hamlets, and are in
ion to the cation.
ociation is oing ority Ethnic
nt for year and of re
d practice nancial
nappropriate to
curacy at any time the financial harities Act 1993. They are also the prevention and detection of
c use,
e to nds may
at
required for this financial year.
ue
e
y
ts, the ry nion.
harities;
specified
ear
planation
||2017
Total
**£**
85
6,588
18,000
32,486
1,750
-||2016
Total
**£**
4,980.0
10,410.0
18,000.0
30,535|TOTAL
25457
33072
32,486
586
-
CASH
#REF!
invoice ttl
bank
cash
52,382
45,238
7,144
0
420
320
100
-|
|---|---|---|---|---|
||58,909||63,925||
||2,225
19,343
906
70
32,033
640||1,538
18,000
1,960
158
33,448
300||
||55,217||55,404||
||600
79||600
143||
|2,422
34
1,325|2,850
652
4,245
982
-
59,649
-
**4,276**
**61570**|
|---|---|
|4,460||
|||
|59,677||
|**768**
**-**
768
-
61,570||
|**60,802**||
Account for
## **£**
|13,729|12144|7144|
|---|---|---|
||0||
|47,073|||
|60,802|||
61,570 - 768 60,802
ned on
…………………………… Shamsul Hoque (Treasurer)
Date:
financial ractice,
eivable, donors' aising ventures basis, cost portioned pinion of the ore e activity. educing
**£** - 16,151 - 16,151 - 2,422 2,422 16,151 13,729
27432
15500