RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED IA Company Limited by Guarantee) Report and Accounts for the year ended 05 Apr 2024 Company Registration Number.. 13328469 Registered Charity Number.. 1195470 RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Report and accounts Contents Page Company infomiation Trustees, report Independent examiner's report Statement of Financial Activities Statement of Financial Position Notes to the accounts 8-10 RAINHAM EDUCATION & CULTURAL SOCIETY (A Company Limited by Guarantee) for the year ended OS Apr 2024 Trustees: Muhammad Azizur Rahman Mr Abdul Kayoum KHAN Mohammed Azaruddin Ziaul Ghuznavi Abdul Hannan Shamsul Haque Tazul Islam Amir Kamali Kutub Uddin Khan Company reglstered number 13328469 Charity number 1195470 Registered office 29-31 Upminsler Road South, Rainham Essex RM13 9YS Company socretary Shamsul Haque Bank HSBC Independent Examiner H&S Accountancy Accountant G13 Barking Enterprise Centre London IG11 8GN RAINHAM EDUCATION & CULTURAL SOCIETY IA Company Limited by Guarantee) Trustees. Report and Financial Ststements for the year ended 05 Apr 2024 The Trustees, who wre also the directors foi the purpose of cornpany law. present their 8nnLJ81 report and financial statements for the year ended 5th April 2023. The Trustees confirm that the annual report and financial statement of the company comply with the current statutory requirements, the requirements of the companys governing document and the provisions of the Slalememt of Recommanded Practice ISORPI. appilicable th the charities preparing their accounts in accordance with the Financial Standard appilicable in the UK and Repoblic of Ireland IFRS 1021 (effective 1 January 20151 as amended by Update Bulletin 1 (effective 1 January 2015.1 STRUCTURE, GOVERNANCE AND MANAGEMNENT A. Constititution The organisation is a company limited by guarantee incorporated on 12th April 2021. Its constitLrtion is logged with the Chaiity Commissoin. The chatity Is constituted under the Memorandum of Assici8tion upon inincorporation and is a registered charity number 1195470. B. Method of Appointment of Truseos The Trustees form the Management Committee. The Management Committee may co-opt to serve on the committee pioviding ahfifays that the number does not exceed one third of the total elected membership of the rllanagement comrnittee.At every Annual Gener81 Meeting one third of those elected at the AGM shall retire from the office.The Management Committee seeks to ensure a good mix of skills from the business, social and voluntary sectors and a150 las an ongoing poliry of Identtfying 5Ultale potenbal tnembers. C. Governance The Rainham Education & Cultural Society IRECSI 15 charitable Company limited by guarantee. The management committee IBODI have assessed the major risks which the charity is exposed, in particular those ie18ted lo the operation5 and lin8n￿s of the charity. During the year m8n8gernent stiengthened the OBJEcfivE AND AcfiviTIES RECS was established to pursue charitable objectives. The charity's objects and its principle activity continue to be that of providing education, gatherings, festivals, celebration, tiips, and religious services Activities during the year in line wlh ils governing docurnents were.. lo further or benerrt the residents, in particular the Asian community, of Rainharn and the neighbourhood, wthout distinction of sex, sexual orientation, race or ol political, religious or other opinions by assoaating together the said residents and the local authorities, voluntary and other organisations in 8 common effort lo advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective ol improving the condition5 of life for the residents. in furtheiance of these objects but not otherwise, the truste85 shall have power.. to establish or secure the establishment ol a community centre and lo maintain or rnanage or co-operate with any statutory authority in the maintenance and management of such a centre lor activities promoted by the oharily in furtherance of the above objects we are about working with partners and the communities to help, guide, assist, identify opportunity and providing community facilities and services. We airll to provide community events and activities. which will include and not limited lo.. Youth activities &8mp', progr8mmes '. Study support &," learning activities Tiaining &.' ernploymenl workshops Leisure, educational, arts &,' crafts, recreational dubs., Social &'. he9￿h welf8re I wellbeing. counselling and advice Community congregations, worship and prayer facilities coll8boiations wth various cornmunities and age group5 eg eldeily, special needs, Women, youths, comrnunity &,' inter faith opportunities RAINHAM EDUCATION & CULTURAL SOCIETY IA Company Limited by Guarantee) Trustees. Report and Financial Ststements Due to covid we were limited in the activities we could perform. during the year of reporting, we were involved in planning application for th8 property W8 rented out with a view to purchase if w8 get the planning to convert to cornmunity centre with prayer facilities. As we don't have planning permission to use the premises for other activities, we are managing Friday Servi￿ for men at the Rainham library. We have been organising Eid prayers since 2021. we have hosted 8 few events including Iftsr and online serninars. Finan¢ial Review The Statement ol financial activities shows a net sutplus of £6,108 for the year. Management committee has put necessary control in place lo avoid any mismanagement of funds. Principal funding sources The charity's main source of income is donation from members ol the congregation. Investment policy Cutrenlly. the charity has no investment. Future plans It is currently renting the property and its intention within the next financial year is lo raise funds to purchase the building for community centie and prayer facilities. Aim to purchase by 2023 and Increase activities. PU8LIC BENEFIT STATEMENT The management committee IBODI confimi that they have cornplied with their duty to have due regards to guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benelil of the ¢harity'5 adivilies is ouuined under'main activities, above. DIRECTORSITRUSTEES. RESPOSIBILITIES ornpany Law requires the managernenl committee lo prepare financi81 51alernent for each financial year which gives a true and lair view ol the state of affairs of the charity and of ils incoming resources and application of resources, including its income and expenditure of that period. To prepare those financial slalements. the Management Comrllittee is required lo Select suitable accounting policies and then apply them consistently., Make judgernenls and e51im8les that are reasonable and prudent.. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statement on a going concern basis unless it is inappropriate to presurne thal the company will continue to business. The management committee is responsible for keeping proper accounting records which disclosed with reasonable accuracy also pieparing the fin8ncial position of the charity and to enable them to ensuie that the financial statements complies with the Companies Act 2006, the Charities Act 2011 and the statement of recommended practice for charities. The rnanagement committee are also responsible for safeguarding the assets of the company and hen￿ for taking responsible steps lor the prevention and detection of fraud and other irregularities. RAINHAM EDUGATION & CULTURAL S￿￿7¥ IA Company Llmlt8d by Guarant441 Trusthes. Report and Flnan¢lJl Ststom•nts EMBEROF THE MANAGEMEFif COMMITfEE Members of the management committee, hylx) are dlractor5 for pur￿0 of the c4)mp8ny law and tsust888 for thg ￿￿OSe of ch&Thty Lgw. who 88rved during the y6ar up to tha dat• of the report are Sot out on page Independant Examlner An indep8nc18nt examination was carfi￿ by H&S Acc(xJntarry Approveo by ihe Boaro oi I ru8te88 on 2810112025 and sgned on ts ￿hall by MT Abdul Kayoum KHAN Truspe Sharnsul Haque Trustee RAINHMI EDUCATION AND CULTURAL SOCIETY LIMITED (A Company limited by Guarant8el For the y•ar ended 51h Awll 2022 Independent •xamlnrfs report to the M¢mb¢rs irf Ralnham Edu¢atlon & Cultural Soclety {t 'charlty) I repc*t to the Charfty Truste￿ on my exanlnatknn of the acC￿nIS of Ihg th8ritykn thè y•ar •nded 5th ￿1 2024. Thls rèport Is mado solety to thg charitys Tnjstees. as 8 t(rfty. in ￿Kd￿ce wth Part 4 of thé Charftl•s (Accounts and Reports) R89u181ion 2C*J8. My h8s t)g¢n undertaken so that I might state to th¢ charttvs Trustees tt¥)se matterj l am raqiure to State to them in an iThJependent exarninerfs rèport aThJ lor rKJ olher purpose. To the fullest oxt￿1 ￿￿ritted by 18w. I do rKJt acc4pt or assuma Mp(￿$￿t￿l0ty to any￿￿ olher than Ihe charity arml thè charivs Tnstees as a l)tyJy. fLY my or for this rep)rt. R￿POnSIbIlItIal and b**l* of r•port lh8 Truste8s of th8 ¢harity18nd its dir8¢k¥ lor the purFxqo ol ts)mp￿y law) you aro ToBponsiblo th0 preparation of the oco)unts in a¢¢ord8rte wth requirtynw)ts of tho Ccrfnpanies Acl 2006 llhg 20C6 Acfl. Havin9 ￿tiSfIed ffrysell that the ac￿lnts d th& chartty are nol r￿U*r•d to be audited undef Part 16 of th• 20Cfj Aet and ar• oligikle for indowndent 8x8nlnaticffi, I In rasm of my ex8rnlnBfjon of Iha thgrttys a¢counts carrted out urKler sactlon 145 (rf the Ch8ritl•s Act 2011 lThe 2011 Arfl. In catyng out my axamlnatlon I have followed ¢ho (thr8ctson given by Charity COMMI￿On under se¢litsn 145(Slb ol the 2011 Act. Ind•p•nd•rt èx￿1￿•￿4 I eompl8tad my •xarnination. l ¢8n ccmfinn that no matt•rs h8v• lo my altenuon in ¢onn•clh)n th& •xgmmlnaJon gmng m• ¢auso to b8ll•v•: 1. accwnUThJ record8 Th)t kepl In r88pxI of ts c410rfty as r•Julred by 8ecOtx 366 01 th• 20Ck8 Acl.. or 2. the a¢¢ounts th) not accord wlth thc40 roctyds: 3. th6 accounts do rK)l ￿n￿lY vAth Ihe accounVr¥J r•wlrom8nts ol the 396 of lh• 2LK)6 Act other than any requIre￿o￿t that tha accounts and lairf wh￿h ￿ not ¥ matt•r eonsKlered 88 part of 8ft Indep0ndent examlnatSon,' or 4. the 8ccounts h8ve Tr)t b88n pr•par•J In fjcoyd8ncè math￿6 and whKlplgs d thè Stat•mgnt of R8commonded Pra¢b'c8 for accounting and reFQrting by eharits8s athlcat4e lo ch8ribes wep8rir¥J thelr accounts in •¢¢tydanu vAth th• Financial ReForting Stsndard appI￿at4? in the UK R¥)ublic of Ireland IFRS 1021. I hav• no conceTll8 afKI 8crc6s no othw rtkqlt¢rs In r￿n￿￿on *ilh the examination to whlch att￿tIOn should be dra%vn irt this r•port In orfer to engt4& a proper under5t8ndlng of Iho ac￿nts to be reached. sI￿8d.. D8t•.. 28 Jan 2W25 sa￿Ul Islam MAA H&S Acc4Jvntsncy Ltd G13 Barking Enterprfs8 Cth 2 London IG118GN RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED ststement of Financial Activities for the year ended 5 April 2024 2024 2023 Income Donation Received 27,753 23,420 Charitable activities 121,6451 127,8911 Oporating surpluslldeficiti 6,108 14,4711 Interest receivable Profiuldeficitl before taxation 6,108 14,4691 Tax on profivldeficill Profiuldeficitl for the financial year 6,108 4,469 RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Reglstered number: 13328469 Stat•m•nt of Finanelal Po8ttlon as at 5 Aprll 2024 2024 2023 Curr8nt assgts Cash at bank and in hand 6,587 1,979 Crndltors.. arnouhts talllng du& wlthln one year 110,250} 111,7501 Net current liabilitle8 {3.6631 Ig,7711 Net Ilabllltles 3,663 9,771 Income & Expènditure 13.6631 19,7711 Charity Funds 3.663 9,771 The directors ar4 satisfièd that the company is 8ntiled tts axernption from the requirement to obtain an audit under secUon 477 of the Cotnpanies Act 2006. Tlie iii¢iiiLwis liave iiol r¥4uli¥d tli¥ I•￿[1vilI1Y iu uljtrdlii t511 uudit iii wilti 476 of the Act. The dlfectors aCknO￿edge their responsibilitiès for eomplwng with the requirements of the Companies Act 2006 with reapect to eccounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the ¥pecial provisions applicable to cornpanies subject to the srnall cornpaaies regime. The profrt and loss account has not been delivered to the Registrar of Companies. Shamsul Haque Director Approved t*y Ihe boarij on db January 2025 RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Notes to the Accounts for the year ended 5 April 2024 Accounting policies 1.1 Basis of preparation The financial statements have been prepared in accordance wlh Accounting and Reporting by Charilies.'Slatement of Recommended Practice appicicable lo chaities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151- (Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Rainham Education & Cultural Society meets the defination of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy. The Charity prepares ils financial stslements in sterling, the functional currency of the Charity, and amounts are rounded lo the nearest £. 1.2 Company status The Charity is a company limited by guaranlee.The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the 1.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and amount of income reTrivable can be measures reliably. 1.4 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllemenl 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 direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directed to that activity. Shared costs which contribute to more than one activity and support costs which are not attributsble lo a single activity are apportioned be￿een those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of b.me spent, and depreciation charges allocated on the portion of the asset's use. Tumover Turnover is measured al the fair value of the consideration received or receivable. net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred lo the buyer. Turnover from the rendering of services is reeognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total eslimaled contract costs. Intangible fixed assets Intangible fixed assets are measured al cost less accumulative amortisalion and any accumulative impaimienl losses. RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Notes to the Accounts for the year ended 5 April 2024 Tangible fixed assets Tangible fixed assets are measured al cost less accumulative depreciation and any accumulative impaimenl losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows.. Freehold buildings Leasehold land and buildings Plant and machinery Fixtures, fittings, tools and equipment over 50 years over the lease term over 5 years over 5 years Investments Investments in subsidiaries, associates and joint ventures are measured al cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured al fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profil and105s account. Stocks Stocks are measured al the lower of cost and estimated selling pri￿ less costs lo complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue Is recognised. Debtors Short term debtors are measured at transaction price (which is usualty the invoice pri￿1, less any impaimienl losses for bad and doubtful debts. Loans and other financial assets are initially recognised al transaction price including any transaction costs and subsequently measured al amortised cost determined using the effective interest method, less any Impairment losses for bad and doubtful debts. Credltors Short term creditors are measured at transaction price Iwhich is usually the invoice pri￿). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured al amortised cost determined using the effective interest method. Taxation A current lax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current lax asset is recognised in respect of a tax loss that can be carried back to recover lax paid in a previous period. Deferred lax is recognised in respect of all timing dIfferen￿S between the rec￿nitIon of income and expenses in the financial statements and their inclusion in tsx assessments. Unrelieved tax losses and other deferred lax assets are recognised only to the exlenl that il is probable that they will be recovered against the reversal of deferred lax liabilities or other future taxable profits. Deferred tsx is measured using the lax rates and laws that have been enacted or substantively enacted by the reporting dale and that are expected lo apply lo the reversal of the timing difference, except for revalued land and investment propety where the tsx rale that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not diseounled. RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Notes to the Accounts for the year ended 5 April 2024 PmvisiTons Provisions lie liabilities of uncertain timing or amount) are recognised when there is an obligation al the reporting dale as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be eslimaled reliably. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. Al the end of each reporting period foreign currency monetary items are translated at the closing rale of exchange. Non-monetary items that are measured at historical cost are translated at the rale ruling al the date of the Iransaclion. All differences are charged lo profit or loss. Leased assets A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental lo ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initialty recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rale method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainly that ownership will be obtained al the end of the lease term, the asset is depreciated over the lower of the lease term and ils useful life. Operating lease payments are recognised as an expense on a slraighl line basis over the lease term. Penslons Contributions lo defined contribution plans are expensed in the period lo which they relate. Employees 2024 Number 2023 Number Average number of persons employed by the company Creditors- amounts falling due within one year 2024 2023 Qard-E-Hasana 10,250 11,750 Other infomiation RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED is a private company limited by shares and incorporated in England. Its registered office is.. 29-31 Upminster Road South, Rainham Essex RM13 9YS 10 RAINHAM EDUCATION & CULTURAL SOCIETY LIMITED Detsiled Statement of financial activities for the year ended 5 April 2024 This schedule does nol form part of the statutory accounts 2024 2023 Sales Donation Received 27,753 23,420 Administrative expenses Event Expenses Management training Events 790 5,591 5,591 790 Premises costs. Rent Rates Light and heat 11,079 2,671 5,438 19,188 4,684 3,497 8,181 General administrative expenses.. Telephone and internel Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance 254 440 45 60 308 28 63 213 73 1,085 1,697 872 Legal and professional costs.. Accountancy fees Consultancy fees Event Flyers Imam Fees 600 600 2,586 160 2,870 6,216 6,401 7,001 21,645 27,891