DAGENHAM EAST EDUCATION CENTRE (Also known as Tasnim Jamia Masjid ) CHARITY NUMBER - 1170867
**FINANCIAL STATEMENTS FOR THE** YEAR ENDED 31 MARCH 2024
M N Accountancy & Co Chartered Certified Accountants 351A Green Street London E13 9AR
## DAGENHAM EAST EDUCATION CENTRE
## YEAR ENDED 31 MARCH 2024
## Contents:
|Contents:||
|---|---|
||Page no|
|Report of the trustees|1 to 2|
|Report of the Independent Examiner|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the financial statements|6 to 7|
## **DAGENHAM EAST EDUCATION CENTRE YEAR ENDED 31 MARCH 2024**
## Charity Information
- Trustees Mohammed Moshahid Ali Chairman Abu Sadat Secretary Md Foysol Ahmed Treasurer Mohammed Sultan Ahmed Trustee Abdul Alek Trustee
Charity number 1170867 Principal Office Tasnim Jamia Masjid Sterling Walk Industrial Estate Rainham Road South Dagenham, Essex RM10 8TX Independent Examiner M N Accountancy & Co _Chartered Certified Accountants_ 351A Green Street London E13 9AR Bank Barclays Bank Plc 36/38 South Street Romford RM1 1RH
## **DAGENHAM EAST EDUCATION CENTRE**
## Trustees' Report YEAR ENDED 31 MARCH 2024
The Trustees present their report and the financial statements for the year ended 31 March 2024.
## **Governing Instrument:**
Dagenham East Education Centre (also known as Tasnim Jamia Masjid) has been established to promote to further or benefit the residents of the London Borough of Barking and Dagenham and neighbouring areas within London, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and local authorities, voluntary and othe organisation in a common effort to advance education and to provide facilites in the interests of social welfare for recreation andd leisure time occupation with objective of improving the conditions of life for the residents.
For the promotion of religious practices and the benefit of the public, the centre is engaged in building, maintaining and operating a place of worship through the provision of regular five times daily prayers, Friday (Jummah) prayers as well as sociocultural and religious events.
The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities and one of the committee member is nominated as chairperson, to monitor the day to day running of the charity.
## **Trustees and/or principal officers:**
The following officers of the charity have held office for the whole of the year;
Mohammed Moshahid Ali Chairman Abu Sadat Secretary Md Foysol Ahmed Treasurer
The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution.
## **Activities and Achievements:**
During the year the charity continued to collect donations from the members of public as well as its members. There are continuous commitment from the users and members to support the charity's activities. This year the charity added a property under the charity name with the help of members of public and its members by way of private loan and donations to facilitate more space for the worshipers.
The charity also provide social welfare, educational and worship facilities and the number of users are increasing every year.
## **Review of Transactions and Financial Position:**
With the committmentas indicated above, the financial position of the charity is very secure with net fund of £378,714 as at 31 March 2024.
Page-1
## **DAGENHAM EAST EDUCATION CENTRE**
YEAR ENDED 31 MARCH 2024
## Statement of Trustees' Responsibilities.
Under the Charities Act 2011 , the trustees are required to prepare a statements of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement, the trustees are required to:
- select suitable accounting policies and apply them consistently,
- make judgements and estimates that are reasonable and prudent,
- state whether applicable accounting standards and statements recommended practice have been followed, subject to any material departures disclosed and explained in the statements of accounts.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under the Charities Act 2011. They are also responsible for safeguarding the assets of
the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
Approved by the Trustees on 12 May 2025.
Signed .....................................................on their behalf
Abu Sadat Secretary
Page-2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **DAGENHAM EAST EDUCATION CENTRE**
## YEAR ENDED 31 MARCH 2024
We have examined the accounts and statements on pages 4 to 7, which have been prepared on the basis of accounting policies set out on page 6.
## **Respective responsibilities of directors**
The charity's trustees also the directors of the company are responsible for the preparation of the accounts.The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with our examination, no material matters have come to our attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
we have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Md Nur Hossain FCCA M N Accountancy & Co Chartered Certified Accountants 351A Green Street London,E13 9AR 12 May 2025
Page-3
## **DAGENHAM EAST EDUCATION CENTRE (Also known as Tasnim Jamia Masjid )**
## **STATEMENTS OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 (All income and expenses are unrestricted)**
|Notes
**INCOMING RESOURCES**
Donations and legacies
3
Interest Received
**RESOURCES EXPENDED**
Wages and salary
Rent
Light & heat
Water rates
Telephone
Volunteer expenses
Legal & professional fees
Depreciation
Independent examiner's fee
Rapair & renewals
Bank and card charges
Insurance
Printing, postage & stationery
Sunndry expenses
**NET INCOME /DEFICIT FOR THE YEAR**
**Opening funds**
**Funds as at 31 March 2024**|2024
220,493
2,256
222,749
19,456
-
4,207
553
606
-
1,065
466
1,920
3,990
1,614
762
780
64
35,482
187,267
191,447
**378,714**|2023
186,815
107|
|---|---|---|
|||186,922|
|||20,650
-
3,417
-
994
6,010
3,600
99
1,200
-
350
-
-
-|
|||36,320|
|||150,602
40,845|
|||**191,447**|
The notes on page 6 to 7 form part of these accounts. Page - 4
## DAGENHAM EAST EDUCATION CENTRE
## BALANCE SHEET AS AT 31 March 2024
|Notes
**Fixed Assets:**
Fixture & fittings
4
Land & buildings
4
**Current Assets:**
Debtors & prepayments
Cash at Bank and in hand
**Creditors:**
Amount falling due within one year
5
**Net Current Asstes**
**Creditors:**
7
**Net Assets**
**Funds**
Unrestricted funds
Restricted Funds
**Total Funds**
Amount falling due more than one
year|2024
£
2,640
784,022
786,662
-
621,625
621,625
506,181
115,444
523,392
**378,714**
378,714
-
**378,714**|2023
£
565
-|
|---|---|---|
|||565
-
350,067|
|||350,067
3,255|
|||346,812|
|||155,930|
|||**191,447**|
|||191,447
-|
|||**191,447**|
Approved by the Board of Trustees on 12 May 2025 signed on it's behalf by
Mohammed Moshahid Ali Chairman
Md Foysol Ahmed Treasurer
The notes on page 6 to 7 form part of these accounts. Page - 5
## **DAGENHAM EAST EDUCATION CENTRE**
## **Notes to the financial statements for the period ended 31 March 2024**
## **1.1 Basis of preparation of accounts:**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011
## **1.2 Recognition of income :**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **1.3 Offsetting:**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## **1.4 Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
## **1.5 Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **2.1 Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **2.2 Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Page - 6
## **DAGENHAM EAST EDUCATION CENTRE**
## **Notes to the financial statements for the period ended 31 March 2024**
|**3.Donations and legacies:**
Donations and gifts
Gift Aid
Membership subscriptions
Donated goods, facilities and services
Others
**4. Tangible fixed assets**
Cost
At 1 April 2023
Addition
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023|**Land &**
**Building**
£
-
784,022
784,022
-
-
-
784,022
-|2024
£
220,493
-
-
-
2,256
222,749
**Fixture &**
**Fittings**
£
2,135
2,541
4,676
1,570
466
2,036
2,640
565|2023
£
186,815
-
-
-
107|
|---|---|---|---|
||||186,922|
||||**Total**
£
2,135
786,563|
||||788,698|
||||1,570
466|
||||2,036|
||||786,662|
||||565|
|**5. Creditors (amount falling due within one year )**
Independent Examiner's fee
Other creditors
Accruals
**6. Creditors (amount falling due more than one year )**
Private loan ( Qarz-e-Hasna)|2024
£
1,920
500,261
4,000
506,181
2024
£
523,392
523,392|2023
£
1,200
-
2,055|
|---|---|---|
|||3,255|
|||2023
£
155,930|
|||155,930|
## **7. Trustees' Remuneration:**
None of the trustees were remunerated.
Page - 7