2024-03-31-accounts - Ely Islamic Centre

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Registered number 1187894

ELY ISLAMIC CENTRE

Trustees' Report and Annual Accounts

31 March 2024

ELY ISLAMIC CENTRE Report and accounts Contents

	Page
Charity information	1
Trustees report	2-3
Independent examinor's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the accounts	7-8

ELY ISLAMIC CENTRE Charity Information

Trustees Shair Choudhury (Chair) Abd Subhaan Tarapuri Dr Tayab Rahman

Accountants

Abacus Business Consultants Limited G11F, Stirling House, Cambridge Innovation Park Denny End Road, Waterbeach Cambridge Cambridgeshire CB25 9PB

Bankers

Lloyds Bank 98 Victoria St. London SW1E 5JL

Registered office

34 Broad Street ELY Cambridgeshire CB7 4AH

Charity registration number 1187894

ELY ISLAMIC CENTRE Registered number: Trustees' Annual Report

1187894

The trustees present their report and accounts for the year ended 31 March 2024.

Reference and administration details Charity name - ELY ISLAMIC CENTRE

Registered charity number - 1187894

Principal address

34 Broad Street ELY Cambridgeshire CB7 4AH

Names of the charity trustees who manage the charity

The following persons served as trustees during the year:

Shair Choudhury (Chair) Abd Subhaan Tarapuri Dr Tayab Rahman

Structure, governance and management

Type of governing document - Constitution

Summary of the objects of the charity set out in its governing document

To advance the Islamic religion in Ely, Cambridgeshire for the benefit of the public through the holding of prayers, lectures, public celebration of religious festivals and to enlighten others about th e Islamic religion and to carry out wider activities as an expression of faith towards the religion of Is lam.

Summary of the main activities undertaken for the public benefit in relation to these objects

Prayers
Religious Events / Services
Islamic Education / Training
Community Development

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ELY ISLAMIC CENTRE

Independent examiner's report on the accounts

An Independent Examiner's Report

I report to the trustees on my examination of the accounts of the above charity for the year ended 31/03/2024.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect, :

● the accounting records were not kept in accordance with section 130 of the Act; or

● the accounts did not accord with the accounting records; or

● the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Disclosure

Give here details of any items that the examiner wishes to disclose - NONE

Abacus Business Consultants Limited Chartered Certified Accountants

G11F, Stirling House, Cambridge Innovation Park Denny End Road, Waterbeach Cambridge Cambridgeshire CB25 9PB

20 February 2025

ELY ISLAMIC CENTRE Statement of financial activities

for the year ended 31 March 2024

This schedule does not form part of the statutory accounts

Turnover Donations Zakat Received Total Funds Administrative expenses Islamic Community Events Fundraising Cost Others Rates Light and heat Cleaning Telephone and internet Bank charges Insurance Repairs and maintenance Zakat paid Sundry expenses Architect & Survey Cost Advertising and PR Council Tax Legal Fees/ Plan Permission Total Expenditures Surplus/(Deficit) For the Period Balance brought forwad from earlier years Total Funds Carried Forward	2024 2024 2024 Unrestricted Restricted Total Funds Funds Funds £ £ £ 114,664 - 114,664 - - - 114,664 - 114,664 1,200 1,200 1,047 1,047 336 336 637 637 2,189 2,189 20 20 362 362 399 399 656 656 614 614 - - - - - - 360 360 517 517 - - 8,337 - 8,337 106,327 - 106,327 165,653 - 165,653 271,980 - 271,980	2023 2023 2023 Unrestricted Restricted Total Funds Funds Funds £ £ £ 30,413 - 30,413 - 1,485 1,485 30,413 1,485 31,898 507 507 950 950 1,785 1,785 - - 598 598 120 120 676 676 535 535 508 508 674 674 - 3,110 3,110 156 156 3,162 3,162 - - 1,254 1,254 2,925 2,925 13,849 3,110 16,959 16,564 (1,625) 14,939 150,714 - 150,714 167,278 (1,625) 165,653

ELY ISLAMIC CENTRE Re9i51prEd numb¢r. 1187894 as at 31 March 2024 2024 2023 Flx•d assets Tangl¢ 8s8ets 236.020 236,020 Cutrentass•ts C05h 8tbBnkwd in hd 271.630 185.303 271.830 165.305 NetaJsel¥ The fvndsolth•chadty Unr8SIriCi•d Fun Reslricled Funds 507.650 402.948 11.6251 Tvtal Funds 507.050 Th• thJste•s h&we not rewired thg to obla¥i w •Jdtol jIe1¢y1hè yo¥•ndtrd 31 Marth 2024 with tr ¢thbe¥soRPRs 102 #tion 478. The Iru5tees thwiespCIrtes Iw¢omth"with th• r•quirmènts SORP dcompwyes Act X)6th r•spxttr• r¢wth 8ndtho of Abd SUtrth Tw4>uri TnJoe Approved ty the t*)erd on 20 F•biu4Yy2025

ELY ISLAMIC CENTRE Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102. The Financial Reporting Standard applicable in the UK and the Charities Act 1993.

Funds structure

Unrestricted income funds refer to funds that trustees can use for any purpose that supports the charity's objectives. These include designated funds, where trustees have voluntarily allocated resources for a specific purpose.

Restricted funds, on the other hand, are funds that must be used according to specific limitations set by the donor or the conditions of a particular appeal, such as Friday prayers or public Zakat collections, in line with Islamic teachings.

Income

Due to the size, the community does not raise as much funds as would like to cater for all its events, all funds raised are categorized under one of the following:

Friday prayers, just like donations these are raised through members at the prayer ground.

Zakat received, this is a form or collections with specific conditions attached in accordance with the teachings of Islam.

Donations, also raised by the members through voluntary payments as a form of help to the community.

Tangible fixed assets

The only significant fixed asset is the property at 34 Broad Street, also known as the Ely Islamic Centre. This property was acquired in August 2018 for £235,000.

The freehold property is recorded at its historic cost and is not subject to depreciation, as the Mosque and its associated prayer rooms are expected to have a useful life exceeding 50 years, making any depreciation negligible. No revaluation has been conducted since the property's purchase.

There are no fixtures or fittings with substantial value in the property, and as a result, none are included in the balance sheet as of the end of the accounting period.

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years 2 Employees 2024 Number Average number of persons employed by the company 0	2023 Number 0

ELY ISLAMIC CENTRE Notes to the Accounts for the year ended 31 March 2024

3 Tangible fixed assets Cost At 1 April 2023 At 31 March 2024 Depreciation At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 34 Broad Street ELY Cambridgeshire CB7 4AH	Land and buildings £ 236,020 236,020 - 236,020 236,020