Charity registration number 1188207 (England and Wales)
HAVERING ISLAMIC CULTURAL CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
HAVERING ISLAMIC CULTURAL CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | S Shahzad | |
|---|---|---|
| Z Hussain | ||
| U Sharif | ||
| A Jabbar | ||
| T Lone | ||
| P Badruddin | ||
| M Saleem | ||
| Executive Committee | Khurrum Beg | Deputy Treasurer |
| Amir Shahzad | Fundraising Officer | |
| Ferdusi Ali | Madrasha Lead | |
| Kieran Bowyer | Fire Safety | |
| Mohamad Rafi | Nikah/Admin | |
| Tahir Sharif | Construction | |
| Shahid Sharif | Construction | |
| Charity number (England and Wales) | 1188207 | |
| Principal address | 91 Waterloo Road | |
| Romford | ||
| RM7 0AA | ||
| Independent examiner | Robert Barry Perez | |
| Xeinadin SL Limited | ||
| Chartered Accountants | ||
| Level 5A, Maple House | ||
| 149 Tottenham Court Road | ||
| London | ||
| W1T 7NF |
HAVERING ISLAMIC CULTURAL CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
HAVERING ISLAMIC CULTURAL CENTRE
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
Havering Islamic Cultural Centre has many objectives and roles it is involved in the religious, cultural and social life of Havering. The primary role is to promulgate the true meaning and understanding of Islam as a religion of peace, tolerance and coexistence.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake.
The mosque's purpose, as set out in our governing document, is the advancement of the Islamic religion for the benefit of the public. The trustees confirm that they have had due regard to the Charity Commission's public benefit guidance.
During the year ended 31 March 2025, Havering Islamic Cultural Centre undertook a range of activities to fulfil its charitable objectives and serve the local community. These included:
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Religious Services: Providing a dedicated space for daily prayers, Friday congregational prayers, and special services during Ramadan and Eid.
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Educational Programs: Organizing Quranic and Islamic studies classes for children and adults, as well as seminars on Islamic ethics and community welfare.
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Community Engagement: Hosting cultural events to promote understanding and harmony, including open days for non-Muslim visitors.
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Social Support: Facilitating funeral arrangements for those in need, offering family counselling services, and providing guidance on social issues.
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Charitable Initiatives: Distributing food parcels and organizing community iftar meals during Ramadan.
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Guest Lectures: Inviting renowned scholars and Imams to deliver talks on contemporary issues and spiritual development.
Achievements and performance
Significant activities and achievements against objectives:
Successfully maintained regular prayer services and increased attendance during Ramadan and Eid celebrations.
Expanded educational programs, with over 150 participants enrolled in weekly classes.
Organized cultural events, fostering interfaith dialogue and community cohesion.
Delivered social welfare support, assisting families with funeral arrangements and providing counselling.
Distributed over 1000 food parcels and hosted community iftar events attended by more than 500 people.
Strengthened community engagement through guest lectures by prominent scholars, attracting diverse audiences.
These achievements reflect the Centre’s commitment to promoting peace, tolerance, and coexistence while addressing the spiritual and social needs of the community.
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HAVERING ISLAMIC CULTURAL CENTRE
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The charity considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity is a company limited by guarantee The charity is constituted as a Charitable Incorporated Organisation (CIO) and is governed by its constitution. The trustees are responsible for the overall strategic decision and governance of the charity.
The trustees who served during the year and up to the date of signature of the financial statements were: S Shahzad
Z Hussain U Sharif A Jabbar T Lone P Badruddin M Saleem
Recruitment and appointment of trustees
Recruitment and appointment of trustees are appointed in accordance with the provision of the charity's constitution. The charity currently has seven trustees, who are responsible for the governance and strategic decision. None of the trustees has any beneficial interest in the charity. All the trustees are members of the CIO. In the event of a winding up, any remaining assets of the charity will be distributed in accordance with the provisions set out in the charity's constitution.
Organisational structure
The charity is constituted as a Charitable Incorporated Organisation (CIO) and is governed by its constitution. The trustees are responsible for the overall strategic decision and governance of the charity. At present, the charity is managed by 7 trustees and 7 executive committees, who jointly oversee its operations, compliance, and decision making. The trustees meet regularly to review activities, financial performance and ensure that they align with the charity's objectives. Decisions are made jointly by the trustees, with reference to the charity's governing document and relevant guidance from the Charity Commission.
The trustees report was approved by the Board of Trustees.
T Lone Chairman
20 January 2026
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HAVERING ISLAMIC CULTURAL CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HAVERING ISLAMIC CULTURAL CENTRE
I report to the trustees on my examination of the financial statements of Havering Islamic Cultural Centre (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Robert Barry Perez Xeinadin SL Limited Chartered Accountants Level 5A, Maple House 149 Tottenham Court Road London W1T 7NF 21 January 2026
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HAVERING ISLAMIC CULTURAL CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 Notes £ £ £ Income from: Donations and legacies 3 309,441 371,652 - Investments 4 29,105 - - Total income 338,546 371,652 - Expenditure on: Charitable activities 5 248,248 35,202 - Total expenditure 248,248 35,202 - Net income 90,298 336,450 - Transfer of land and buildings and other assets from previous charity 106,349 - 1,456,928 Net movement in funds 7 196,647 336,450 1,456,928 Reconciliation of funds: Fund balances at 1 April 2024 321,919 (22,069) - Fund balances at 31 March 2025 518,566 314,381 1,456,928 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 681,093 260,947 - 29,105 982 - 710,198 261,929 - 283,450 137,143 22,069 283,450 137,143 22,069 426,748 124,786 (22,069) 1,563,277 197,133 - 1,990,025 321,919 (22,069) 299,850 - - 2,289,875 321,919 (22,069) |
Total 2024 £ 260,947 982 |
|---|---|---|
| 261,929 159,212 |
||
| 159,212 | ||
| 102,717 197,133 |
||
| 299,850 - |
||
| 299,850 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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HAVERING ISLAMIC CULTURAL CENTRE
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 11 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities The funds of the charity Endowment funds 14 Restricted income funds 15 Unrestricted funds 16 |
2025 £ £ 1,456,928 844,599 (11,652) 832,947 2,289,875 1,456,928 314,381 518,566 2,289,875 |
2024 £ £ - 299,850 - 299,850 299,850 - (22,069) 321,919 299,850 |
|---|---|---|
The financial statements were approved by the trustees on 20 January 2026
T Lone Chairman
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Havering Islamic Cultural Centre is a charity registered with Charity Commission in England and Wales. The charity's registration number is 1188207 and its principal office address is 91 Waterloo Road, Romford, Essex, RM7 0AA.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 309,322 371,652 Other 119 - 309,441 371,652 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 680,974 260,947 - 119 - - 681,093 260,947 - |
Total 2024 £ 260,947 - |
|---|---|---|
| 260,947 |
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income | 29,105 | 982 |
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| expenditure | expenditure | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 69,062 | 73,409 | |
| Other charitable costs | 188,743 | 68,365 | |
| 257,805 | 141,774 | ||
| Share of support and governance costs (see note 6) | |||
| Support | 21,545 | 17,020 | |
| Governance | 4,100 | 418 | |
| 283,450 | 159,212 | ||
| Analysis by fund | |||
| Unrestricted funds | 248,248 | 137,143 | |
| Restricted funds | 35,202 | 22,069 | |
| 283,450 | 159,212 | ||
| 6 | Support costs allocated to activities | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Support costs | 21,545 | 17,020 | |
| Governance costs | 4,100 | 418 | |
| 25,645 | 17,438 | ||
| Analysed between: | |||
| Charitable expenditure | 25,645 | 17,438 | |
| Support costs represent a reasonable apportionment of administrative expenditure incurred during the year. | |||
| Governance costs includes payments to the independent examiner of £2,500 + VAT (2024- £418) for | |||
| independent examination | |||
| 7 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 4,100 | 418 |
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 3 2025 £ 66,409 1,369 1,284 69,062 |
2024 Number 3 |
|---|---|---|
| 2024 £ 63,888 9,521 - |
||
| 73,409 |
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
None of the key management personnel (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Freehold land | |
| and buildings | |
| £ | |
| Cost | |
| Business combinations | 1,456,928 |
| At 31 March 2025 | 1,456,928 |
| Carrying amount | |
| At 31 March 2025 | 1,456,928 |
The carrying value of these investment properties included within tangible fixed assets is £1,456,928.
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
12 Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income 13 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 2,429 6,223 3,000 11,652 2025 £ 1,284 |
2024 £ - - - |
|---|---|---|
| - | ||
| 2024 £ - |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
14 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
Permanent endowments
| At | 1 | April | Transfers | At | 31 March |
|---|---|---|---|---|---|
| 2024 | 2025 | ||||
| £ | £ | £ | |||
| - | 1,456,928 | 1,456,928 |
15 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| New Mosque funds Previous year: New Mosque funds |
At 1 April 2024 Incoming resources Resources expended At 31 March 2025 £ £ £ £ (22,069) 371,652 (35,202) 314,381 At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ - - (22,069) (22,069) |
|---|---|
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous year: General funds |
At 1 April 2024 Incoming resources Resources expended £ £ £ 321,919 338,546 (248,248) At 1 April 2023 Incoming resources Resources expended £ £ £ - 261,929 (137,143) |
Transfers At 31 March 2025 £ £ 106,349 518,566 Transfers At 31 March 2024 £ £ 197,133 321,919 |
|---|---|---|
17 Analysis of net assets between funds
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 £ £ £ At 31 March 2025: Tangible assets - - 1,456,928 Current assets/(liabilities) 518,566 314,381 - 518,566 314,381 1,456,928 Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 £ £ £ At 31 March 2024: Current assets/(liabilities) 321,919 (22,069) - 321,919 (22,069) - |
Total 2025 £ 1,456,928 832,947 |
|---|---|
| 2,289,875 | |
| Total 2024 £ 299,850 |
|
| 299,850 |
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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HAVERING ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 19 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Movements in working capital: Increase in creditors Cash generated from operations 20 Analysis of changes in net funds |
2025 £ 1,990,025 (29,105) 11,652 1,972,572 |
2024 £ 299,850 (982) - 298,868 |
|---|---|---|
The charity had no material debt during the year.
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