**Registered Charity Number 1188207**
## **Havering Islamic Cultural Centre**
**Accounting Period 31 March 2024**
**Atlantic Accountancy Ltd 6 Wilson Court, 6 Union Road Romford, Essex RM7 0GR**
## **Havering Islamic Cultural Centre**
||**CONTENTS**||
|---|---|---|
|||Page|
|Report of the Trustees||2|
|Independent Examiner's Report||3|
|Statement of Financial Activities||4|
|Balance sheet||5|
|Notes to the financial statements||6 - 8|
|Detailed Statement of Financial Activities||10|
## **Havering Islamic Cultural Centre**
## **Report of the Trustees Accounting Period 31 March 2024**
The trustees present their report with the financial statements of the charity Accounting Period 01 April 2024 to 31 March 2024.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity Number**
**1188207**
## **Principal Address**
91 Waterloo Road, Romford, Essex RM7 0AA
## **Trustees**
T Lone Dr A Jabbar M Saleem Major (R) P Badruddin M Salim Shahzad M Rashid Umer Khalid Sharif Chartered Accountant
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 05 March 2025 and signed on its behalf by:
## **T Lone – Trustee**
**2**
**Examiner's Report to the Trustees of**
## **Havering Islamic Cultural Centre**
I report on the accounts Accounting Period 31 March 2024 set out on pages four to eight.
## **Respective responsibilities of trustees and examiner**
The charity's trustees 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(2) of the Charities Act 2011 (the 2011 Act)) examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5) (b) of the 2011 Act); and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the 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 you as 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 statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Atlantic Accountancy Ltd**
6 Wilson Court, 6 Union Road Romford, Essex RM7 0GR
**3**
## **Havering Islamic Cultural Centre**
## **Statement of Financial Activities**
## **Accounting Period 31 March 2024**
|||**2024**|**2023**|
|---|---|---|---|
||**Unrestricted Fund**||**Unrestricted Fund**|
||**Notes**|**£**|**£**|
|**INCOMING RESOURCES**||||
|**Incoming resources from generated**||||
|Voluntary income||260,947|-|
|Investment income|4|982|-|
|**Total Incoming resources**||**261,929**|**0**|
|RESOURCES EXPENDED||||
|**Costs of generating funds**||||
|Costs of generating voluntary|income|64,093.09|-|
|Fundraising trading: cost of goods sold|and other cost|63,888.03|-|
|Governance costs||28,915.92|-|
|Other resources expended||2,314.4|-|
|Support Management costs||-|-|
|Finance cost||-|-|
|**Total resources expended**||**159,211**|**0**|
|**NET INCOMING RESOURCES**||**102,717**|**0**|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||0|0|
|**TOTAL FUNDS CARRIED FORWARD**||**102,717**|**0**|
The notes form part of these financial statements
**4**
## **Havering Islamic Cultural Centre**
## **Balance Sheet**
## **as at 31 March 2024**
|**Note**
**Fixed Assets**
Tangible assets
**8**
**Current Assets**
Cash at bank and in hand
**3**
Debtors
**4**
**Creditors: amounts falling due within one year**
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Net assets
**FUNDS**
Unrestricted funds
11
**TOTAL FUNDS**|**2024**
**Unrestricted Fund**
£
-
299,850
-
**299,850**
0
299,850
0
**299,850**
299,850
**299,850**|**2023**
**Unrestricted Fund**
£
-
-
-
**-**
0
-
0
**0**
-
**0**|
|---|---|---|
The financial statements were approved by the Board of Trustees on 05 March 2025 and were signed on its behalf by:
## **T Lone – Trustee**
**The notes form part of these financial statements**
**5**
**Havering Islamic Cultural Centre**
**Notes to the Financial Statements**
## **Accounting Period 31 March 2024**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled 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 aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and fittings 20% straight-line method
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives, at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. GRANT**
**2024 2023 £ £** Grants - **3. BANK** Bank 299,850 - **299,850 - 4. DEBTOR** Accrual - **-**
**6**
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
|er creors
**6. INVESTMENT INCOME**
Interest receivable
Rents received|-
**-**
**-**
-
-
982
-
**982**
**-**|
|---|---|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees’ remuneration or other benefits Accounting Period 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees’ expenses**
There were no trustees’ expenses paid Accounting Period 31 March 2024 nor for the year ended 31 March 2023.
## **8. STAFF COSTS**
- Wages and salaries 63,888 **63,888 -** The average monthly number of employees during the year was as follows: **2 -** No employees received emoluments in excess of £60,000.00 **9. TANGIBLE FIXED ASSETS Freehold Improvements Fixtures & Totals Property to Property Fittings COST £ £ £ £** - At 1 April 2024 Additions - - - - **DEPRECIATION** - At 1 April 2024 - - - - Charged for the year **At 31 March 2024 - - - - NET BOOK VALUE** At 31 March 2024 **-**
## **10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Loans
0
0
**7**
## **11. MOVEMENT IN FUNDS**
|**11. MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net movement||
||01.01.2024|in funds|At 31.03.2024|
|**Unrestricted funds**||||
|General fund|197,133|102,717|299,850|
|**Total funds**|**197,133**|**102,717**|**299,850**|
|Net movement in funds, included in the above are as follows:||||
|**Incoming Resources**||**Resources Expended**|**Movement in Funds**|
|**Unrestricted funds**||||
|General fund|261,929|(159,211)|102,717|
|**Total funds**|**261,929**|**(159,211)**|**102,717**|
**8**
**Havering Islamic Cultural Centre**
## **Detailed Statement of Financial Activities**
## **Accounting Period 31 March 2024**
|**INCOMING RESOURCES**
**Voluntary income**
Donations
Gift Aid
**Investment income**
Interest receivable-trading
Rents received
**Total incoming resources**
**RESOURCE EXPENDED**
Costs of generating voluntary income
Audit & accountancy fees
Commission
Employers national insurance
General expenses
Insurance
Legal & planning fees
Light, heating & water
Postage, freight & courier
Professional fees
Repairs and maintenance
Telephone and & internet
**Fundraising trading: cost of goods sold and other**
Bank loan interest
Wages
**Governance costs**
Donations made
**Other resources expended**
Rent and Rates|**2024**
**2023**
**£**
**£**
255,701
-
5,246
-
**260,947**
**-**
-
-
982
-
**982**
**-**
**261,929**
**-**
418
-
360
-
9,521
-
11,247
-
3,967
-
20,850
-
12,869
-
14
-
1,219
-
2,856
-
772
-
**64,093**
**-**
**costs**
-
-
63,888
-
**63,888**
**-**
28,916
-
**2,314**
**-**|
|---|---|
**9**
|**Total resources expended**
**Net income**|**159,211**
**-**
**102,717**
**-**|
|---|---|
**10**