NORTH DEVON ISLAMIC CULTURAL CENTRE Charlty No. 1185365 Trustees. Report at)d Unaudlted Accounts 31 March 2025 NORTH DEVON ISLAMIC CULTLIRAL CENTRE Contents Pages Trusiees. Annual Report Independent Examiner's Report Stalement of Financial Activitie5 02to03 04to04 05to05 Balance Sheet 06to06 Notes to the Accounts 07toll Page I NORTH DEVON 15LAMIC CULTURAL CENTRE Trustees Annual Report The trustees present ihelr report wlth the unaudited flnancial 5tatement5 of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1185365 Prlnclpal Offlce 9 V5CARAGE STREET BARNSTAPLE EX32 7BT Trustees 7hÈ followln8 trustees served during the year.. K.U. Ahmed S. QuTai5hv Key Management Personnel Chair Saruzzaman Quralshy Kausar Uddln Ahmed Trustee Accountants Mohammad Shah & Co. LLP Bank House 209, Mèrton Road Wlmbledon London SW19 IEE Bankers 8ARCLAYS BANK PLC statement of truslee5' responslbllltle5 In relatlon to the flnanclal statements The charity trustees are respon51ble for preparlng a trustees, annual report and financial Statements in accordance with appllcable law and United Kingdom Accounting Standards (Urbited Kingdum Generally Accepted Accouniin8 Pra¢tlcel. The trustees are responslble for keeplng proper actountln8 rètords that disc105e with reasonable accuracy at any time the flnancial posltlon of the charlty and lo enable them to ensure that the financial Statements rnply with the Charitie5 Act 2011, the applicable Charltles (Accounts and Reports) Regulatlons, and the provislons of the Trust deed. The TrustÈÈs are a150 responsible for safeguarding the assets of the charlty and hence takin8 reasonable steps for the prevention and detection of fraud and other irre8ularitie5. Page 2 NORTH DEVON ISLAMIC CULTURAL CENTRE Trustees Annual Report Signed on behalf of the charity's trustees K.U. Ahmed Trustee 05 Decembec 202S PagÈ 3 NORTH DEVON ISLAMIC CULTURAL CENTRE Independent Examiners Report Independent Examlner's Report to the trystees tsf NORTH DEVON ISLAMIC CULTURAL CENTRE I report to the truslee5 on my examination of the financial statements of NORTH DEVON 5SLAMIC CULTURAL CENTRE for the year ended 31 March 2025. Rèsponsibilities and basls of report A5 the charity's trustees you are resptrnsiblè for the preparation of the financial statements in accordance wilh the requirements of the Charities Act 20111'the Act'l. I report In re5pecr of my examSnatlon of the charity's financial statements carried out under section 145 of the 2011 Act and in carrylng out my eKamlnatlon I have followed all the applicable Oirections givèn by the Charlty Commission under section 145lSllbl of the Act. Independent examlner's statement I have completed my examination. I can confirm that no material matter5 have come to my attention In connection with the examlnatlon glvlng rne cause to believe that in any rnaterlal respect.. the a¢countin8 records were not kept in respect of the charity as requlred by section 130 of the Act,. or the flnanclal statements do not accord with those records- or the flnanclal statements do not comply wlth ihe applicable requirement5 concernln8 the form and content of fbnancial 5tatement5 set out in the Charltles (Accounts and Reporlsl Re8ulations 2008 other than any requirement that the fbnancial statements glve a'true and falr, vlew whlch Is not a matter con51dered a5 part of an Sndependent examination. I have no concerns and have come across no other matters in connecllon wllh the examlnation to whlch attentlon should be drawn In thls report In order to enable a proper understanding of the financlal staleTnents to be reached. /X0{￿O￿OnPA SAAL 4 &. i£P Mohammad Shah & Co. LLP Bank House 209, Merton Road Wimbledon London SW19 IEE 05 December 2025 Page 4 NORTH DEVON ISLAMIC CULTURAL CENTRE Statemeni of Financial Activities for the yèar ended 31 March 2025 Unrestrlcted Endowment funds funds Total funds Total fund5 2025 2025 2024 2025 Notes Income and endowments from.. Oonations and lègacies 33,512 33,512 24,996 Total 33,512 33,512 24,996 Expendltur• on: Other 8,339 8,339 6,069 Total 8,339 8,339 6,069 Nèt 8ains on investments N¢t Income 25,173 25.173 18,927 Transfer5 between funds Net Income before Dther galnslllosses) 25,173 25,173 18,927 Other 8aln5 and losses Net movement In funds 25,173 25,173 18,927 Reconclllatlon of funds: Total funds brought forward 44,562 300,000 344,562 25,635 Total funds carrled forward 69,735 300,000 369,735 44,562 Page S NORTH DEVON ISLAMIC CULTURAL CENTRE Balance Sheet at 31 March 2025 Charity No. 1185365 2025 2024 Fixed assets Tangible as5et5 347,590 347,590 335,624 335,624 Current assets Cash at bank and in hand 23,045 23,045 19001 22,145 369,735 369,735 9,857 9,857 19191 8.938 Credltors: Amount falllng due within Dne year Net current assets Total a55ets less current Ilabllltles 344.S62 Net assets excludlng penslon asset or Ilablllty 344,562 Total net assets 369,735 344,562 The fund5 of the charlty Restrlcted funds £ndowmenl funds 300,000 300,000 300,000 300,000 Unie5trlcted funds General fund5 69,735 44,562 69,735 44,562 Reserves Total funds 369,735 344,562 Approved by the trustees on 05 December 2025 And si8ned on their behalf by.. K.V. Ahrned Trustee 05 December 2025 Page 6 NORTH DEVON ISLAMIC CULTURAL CENTRE Notes to the Account5 for the year ended 31 March 2025 l Accounting policies Basls of preparatlon The financial Statements have been prepared In accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic If Ireland IFRS 1021 issued on 16 July 2L)14 and the Flnanclal Reportin8 Standard applicable in thè United Kingdom and Republ1¢ of Ireland IFRS 1021 and the Charities Act 2011. Change in basls of accountlng or to previous accounts There ha5 been no change lo the accounting pollcles Ivaluatlon rules and method of accountin81 since last year and no changes have been made to accounts for prevlous years. Fund accountlng Unrestricted fund5 These are available for use at the dSscrelSon of the trustees In furtherance of the Beneral objects of the charlty. These are unrestricted funds earmarked by the tTustees for partlcular purpose5. These are unrestricted funds which include a revaluatlort reserve representing the restatement of Investment assets at thelr market values. These are avallable for use subject to restrlctlons Imposed by the donor gr Ihr¢u8h terms of an appeal. D?slgnated fund5 Revaluatlon fund5 Restrlcred funds Income Recognltlon of ncome Income Is Included In the Statement of Flnanclal ActlvllSe5 ISOFAI when the charlty becomes entitled to, and vlrtually certaln to recelve, the income and the amount of the Income can be measured with sufflclent reliablllty. Income wlth related Where Incorne has related expendliure the Income and related expendlture15 expenditure reported gross in the SOFA. Donations and legacles Voluntary Income recelved by way of grants, donation5 and Bifts 15 included in the the SOFA when receivable and only when the Charlty ha5 unconditianal enlitlement to the Income. Tax reclairns on Incorne frorn tax reclalms Is Included in the SOFA at the same tlme as the donations and glfts Èiftldonation to which it relate5. Donated servlces These are only included in income Iwlth an equivalent amount in expenditure) and facilities where the beneflt to the Charity is reasonably quantlfiable, rneasurable and maierial. Volunteer help The value of any volunteer help received Is not included in the accounts. Invesrment income This is included in the accounts when receivable. Gain5/llossesl on Thls includes any gain or loss resulting from revaluinB investments to markèt value revaluation of fixed at the end of the year. assets Gain51llossesl on investment a55ets Thrs includes any gain or105s on the sale of inve5trnents. Page 7 NORTH DEVON ISLAMIC CULTURAL CENTRE Notes to the Accounts Expendlture Recognition of expenditurÈ Expenditure is recognlsed on an accruals basis. Expenditure includès any VAT which cannot be fully recovered, and is reported as part of the expertditure to which it relates. Expendlture on These comprise the costs associated with attracting voluntary income, fundralsing raising funds tTading costs and investment management casts. Expenditure on These comprise the c95t5 Incurred by the Charity In the dellvery of its activities and charltable a¢tlvities services in the furtherance of its objecls, including the making of grants and £overnance costs. All grant expendlture Is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constltulional and statutorv requirement5 of the CharSty. Includlng any audit/independent examination lee5, costs linkèd to the strateBlc management of the Charlty. together with a Share of other administration costs. These are support costs not allocated to a partlcular actlvlty. Grant5 payable Governance costs Other expendlture Taxatlon The charlty Is exempt from lax on its charltable actlvltles. Freehold Investment property Investment properties are measured Inltlally at cost and subsequently at falr value at each balance sheet date and are not depreclaled. All galns or losses are taken to the Statement of Financlal Actlvities as they arlse. Cash and cash equlvalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposlls wlth banks and other short-term highly liquid investrnents With ori8inal maturitSes of three months or les5 and bank overdraft5. In the statement of fSnanclal posltlon, bank ¢verdrafts are shown wlthSn borrowings or current liatiillties. In the Statement of Cash Flows. cash and cash equlvalents are shown net of bank overdrafts that are Tepayable on demand and form an Integral part of the company's cash management. Trade and other creditors Short term credltors are measured at the transaction prlce. Other credit¢rs and provisions are reco8n15ed where the charity has a present obliEatlon resultlng from a past event that will probably result in ihe transfÈr of fund5 to a third party and the amount due to settle the obligatlon can be Measured or estimated reliably. Credltors and provisions are normally recognised at thelr settlement amount after allowin8 for any trade dlscount5 due. Research and development Expendlture on research and development is written off in the year in which it is incurred. Recelpt of donated goods, facilities and services All donated good5, facilities and services rÈcÈived are recognised wlthln incoming re50urces and expenditure ai an estimate of the value to the charity. Pa8e 8 NORTH DEVON 15LAMIC CULTURAL CENTRE Notes to the Account5 2 Statement of Flnancial Activitie5- prior year UnrestrScted Endowment funds funds Total funds 2024 2024 2024 Income and endowment5 from: Donation5 and legacies 24,996 24,996 Total 24,996 24,996 Expendlture on.. Other 6,069 6,069 Total 6,069 6.069 Net income 18,927 18,927 Transfers be￿een funds 300,000 300,000 Net Income before other 8ainslllos5esl Other galns and lossè5: 18,927 300,000 318,927 Net movement In funds 18,927 300,000 318,927 Reconclllatlon of funds: Total fund5 brought forward Total funds carrled forward 2S,635 2S,635 44,562 300.000 344,562 3 In¢ome from donatlon5 and legacle5 Unr•strlcted Total Total 2024 2025 Oonatiot)s 33,512 33,512 33,512 33,512 24,996 24,996 4 other expendlture Unrestricted Total Total 2024 2025 Premises costs 1.188 6,851 300 1,188 6,8SI 300 1,6C4) 4,169 300 General administrative cost5 Legal and professional costs 8,339 8,339 6,069 S Staff costs No employee received emoluments In ex￿$5 of £60,000. Page 9 NORTH DEVON ISLAMIC CULTURAL CENTRE Notes to the Accounts 10 Reconcillation of net debt At31 March At l April 2024 Cash Ilows 2025 Cash and cash equivalents 9,857 9,857 13,188 13,188 23,045 23,045 Net debt 9,857 13,188 23,045 Page 11