CHARrrY REGISTRATION NUMBER: 1202754 Riverside Islamic Cultural Centre Company Limiled by Guarantee Unaudited Financial Statements 31 August 2024 SAK2020 LTD. Chartered Certified Accounlants Broadway House Broadway Cardiff CF24 1 PU Riverside Islamic Cultural Centre Company Llmited by Guarantee Financial Statements Period from 18 April 2023 10 31 August 2024 Page Trustees, annual report Independent examinerfs report to the trusteed Statement of financial activities (including income arKJ expendilure account) Slatemenl of financial postlion Statemenl of cash flov Notes to Ihe financial statements The following pages do not forn) part of the linanclal statements Detailed statement of financial activtties Notes to the detailed statement of financial activttses 11 12 Riverside Islamic Cultural Centre Truslees. Annual Report Perlod from 18 April 2023 to 31 August 2024 The trust8es present their report and the unaudited financid statements of tt* clwity for the period ended 31 August 2024. Reler•nce #nd •dmlnlstrative detal Registered ch•rfty n8m? Ri¥w5KJe Islarn￿ Cutturai C￿e Charity regl$traiion numl)er 1202754 Company reglstration number Prinepal office 8nd registered 56 Nevdle Street oftl¢e Garéiff CF11 6LS The In￿lee$ MR T KHAN MR M IDREES MR A REH￿N MR O WAaRI MR J ALYAS MR M ZAMIL SHAH MRNHKHAN MR I KHAN MR M ZAFOR SHAH Accountsnts SAK2020 Ltd. CFwler8d Certifiwj Accountants BroadwRy House Broadway Car(Jiff CF24 1PU Small company provi$i¢ This report has prepared in accordance with the proviswjns appltcth to companies entitled to the small companies exemption. trustees by- MR T KHAN Truslee Riverside Islamic Cultural Centre Independent Examiner's Report to the Twslees of Riverside Islarnic Cultural Cenlre Period from 18 April 20Z3 10 31 Augusl 2024 We report io the trustees on ow examinatKJn ol the finarKid stsiements of RNerside Iskmic Cultural Centre I'lhe tharity'l lor the period from 18 Awil 20ZJ lo 31 ALWUSt 2024. Responslblllt*s and basis ot report As the trustees ol the ¢ornpany you are resPMs1b￿ for th? p￿parall0n ol the financial statements in accordance with the requirements of Ihe COMpan￿S Aci 2£￿8 Ilhe 2006 Act'i. Having satisfied oUrSe￿eS that the %C£*unts ol the C0Th￿any a￿ not required lo be audited under Part 16 of the 2006 Act and are gligible for iThJepeno*nt examination. we ￿pOrt in respect ol our examination of the charity's accounts as carried out ur%kr sectti)n 145 01 the Charities Art 2011 I'the 2011 Aet'l. In wrying out our examinatron we have followed the Di￿¢tionS gNen by the Charity Commiss￿￿ under S8Uion 14515)Ibl ot the 2011 A¢L Ind•pendent examlnerfs statemenl We have conwkted our exatninatvjn. We confirm that no matters have come to our attèntion tn connecb'on with the examinattrjn gmrvj us cause to believe.. accwnting records were not kept in resFfft ol the charity as required by section 386 of the 2c￿8 Act" or the financial statements do noi *xord with those records: or the linw￿la1 staien*nts do not ¢ompty with the accounttng requirernents ol sedton 396 01 the 2006 Act other than any rewtyement Ihat the accounts give a 'irue and larf wew wh is tYJt a matter Consider￿ as part of an independent examinatiDn.' or the fina￿Val staiemerts have been prepared in ac0)rdar￿e with Ihe melhods and principles ol the Statement ol RecommeThled ￿actiCe lor accountir¥J aThd reporting by charities applirabk to charibes preparing their accounts in accordance with the Financial RewrtirrtJ Slarnjard appI￿ab￿ in Ihe UK aJKI Republ￿ of Ireland IFRS 1021. We have no concerns aThY have corne across no Olher matters in connec1￿)rn with the examinatson to which artention shoukJ be drawn rn this rep￿ in order to enaue a proper understanding ol the a¢counr8 to be reached. SAK2020 Ltd Chartered Cethfied Accountants Broadway House Broadway Cardrfl CF24 1 PU Riverside Islamic Cullural Cenire Company Limited by Guarantee Statement of Financial Acllvtties (including income and expendIlu￿ account) Period from 18 April 2023 to 31 August 2024 Period from 18 Apr 23 to 31 Aug 24 Unrestriued Restricted futh1s (uTrJs Total lunds No Income and endowments Donations and legaaes Total In¢ome 65,129 65.129 359,788 424,917 424,917 359,788 Expendlture ExFertdilure on raising funds-. Cosis of rasing donatKins aNI k9a Total expenditure 54.600 54,600 54.600 Net Ineorne and net movement in funds 10,529 359,788 370.317 Reconciliation of funds funds brought forward Tirtal funds wrled fon¥ard 10.529 359.788 370,317 statement of linanci￿ actNities inC￿deS al gains losses in ihe year. All incomtt and expenditure thrNe from ¢XJntinuiNJ athit*$. The notss on pAge¥ 6 to g 1¢)mi w otthese fi￿ncIlI siat•m•nts. Riverslde Islamic Cultural Centre Company Limiled by Guarantee Statement of Flnancial Positlon 31 August 2024 31 Aug 24 Flxed osset$ Tawble fixed assels 401.788 Curr•nt assets Cash at bank and in haTr 10,829 Credltors: amounts falling due within <>ng >*ar Net Current ￿S•ts 10 300 10,529 Total ass￿$ less current Ilabilities 412.317 Credllors: amowtts falllng due after moreth•n one year Net assets 11 42,OCK) 370.317 Funds of the chartty Restricted fund5 Unresiricted funds 359,788 10,529 Toial ¢harfty lunds 13 370.317 For the petiod erKliNJ 31 August 2024 the rtority Vds entit*l to exernplK)n from audit under sectton 477 01 the Companies Acl 2006 relatiry to small coTroanK%. Trustees, responsitslities.. The rllembers have not required the company b obtin an audit of ts fina￿al statements for the period in question in accorfance vrilh sethN)n 476" The trustees acknowledge their re5ponsitNlities lor complyirYJ with the reqUi￿rT￿ts ol the Act vrrilh respert lo accOunti￿j records aThJ the wepafatK)n ol financi￿ stalernents. These linancial st￿ements have been prepar&l in ￿)rdance with the provis￿n5 applicable io companies subject io the small cornpan￿, regime. These. finanual staternents wtrre approved by the tx)artl of twstees and aulhorised for ISS￿ on .A&/0?.../..￿c..., and are sig￿1 on behalf ol the bc+ard by: MR T KHAN Truste8 Th? n¢4tss on ￿jeS 6 to 9 lom) p8rt 0fthese1lna￿i•E slatement& Riverside Islamic Cultural Centre Company Limited by Guarantee Stalement of Cash Flows Period Irom 18 April 2023 to 31 August 2024 31 Aug 24 Cèsh flow$ from operating acli¥tlles Net income 370.317 Adjustments lor.. Interest payabla and similar charges Accrued expenses Cash generated from Operat￿n$ 237 300 370,854 Interesi pakd Net cash from operatiThJ activrties 12371 370.617 Cash flows from Investlng activttles Purchase of tangitrAe assets Nei ¢ash used in investing acbvibes 1401.7881 {401.7881 Cash flows from Ilnancing #¢Uvltio$ p￿eedS fmm ￿rrOw1r￿J5 Net cash from fin￿Ar@ actNiles 42,000 42.000 N•t Increase In cash arKI ¢ash equlvalents Cash and eash equivalents at beginning of period Cash and cash equivalents at end of period 10.829 10,829 The not•s on pages 6 to 9 form port of these finoTKwststèMen￿. Rlverside Islamic Cultural Centre Company Limlted by Guarantee Notes to the Flnanclal Stalements Period from 18 April 2023 to 31 August 2024 General Informatlon The charty 15 a benefft entity and a wivate company Wrnite¢ by guarantee. registered in England and Walés and a registwed charity in Englanol and Waies. The &Jdress of the registered ott￿e 1$ 56 Neville Street, CaFdrff, CF11 6LS. Statemgnt of eomplian¢e These financial statements have been prepared in coff4)liarKe with FRS 102. The Financial Reportrng Standard applicab￿ in Ihe UK and the Republr of Ir8lanrf. the Stalernèni ol Recommended PraCt￿e appficable lo charities preparirvJ therr accr)unts in accordance wrth the Financial Fleporting Standard aWicable in the UK a￿1 Repu￿￿ of Ireland {FRS 1021 (Charities SORP IFFtS 10211 and the Compan* Act 2006. l Accountlng polides 8asl$ ol pr¢paMion The financial statements have been prepared on his1oN￿ cost basis, as modified by the revaluation ol certain financial a55ets liabilitres investrllent woperties wneasured at lair value through income or expenditure. The financial statements are prepared in sterliThJ. wh￿h 15 the lu1Kt￿naf Curren￿ of the enltty. Going concern There are no rnater1￿ u￿rtaI1￿￿S atrxwt the Charity's a￿l￿ty to continue. Tanglble assets TarrfJible as5Qt8 are initially recorded at cost. and subsequentty stated at cost less any accumulated depreciation and impawment h)sses. Any langible assets carried al revalued amoutts are recorded at the lair vaiue at the date of revaluation any subsequent accumulated depreciath.on and subsewent a¢wmulaled impaimRnt hjsses. An increase in the C￿ryIng amour7t ol an asset as a resutt of a ￿ValUat￿)n, is recognised in other re¢ognised gains and105ses. unless it reverses a tharge lor imwrment that has previously been recognised as èxpendilure within the stsiement ol financial 8divities. A decrease in the Carrying amount ol an asset as a result ol reVa￿ation, i8 re¢ognised in olher recL%Jnised gains losses, excèpt to whKh it oftsets any prev*)us reV￿uats.tsn gain, in Ythich case the foss is shown wilhin Qthgr recognised 9ains and bsses on the statement ol linancid aclNibes. Defined ¢ontributron plans Conintutions to defined contr￿1 tion plans are Tecognised as an expense in the period in vwhich the related service is provided. Prepaid contiitrwJtK)ns are iecoyrused as an asset to thg extent that the prepayment will lead to a reduction in luture payments or a cash ￿fiJ￿1. When contributsons are not expected lo be setded w￿lty within 12 months of the eno ol the reportirKJ dale in whKh the employees the related seryice. the lithlty 15 rneasu￿d on a discounted p￿sent value basis. The urmindiTrJ ot thscount is rec￿nISed as an expense in the period in wh￿h rt arises. Llmited by guarantse Riverside Islamic Cultural Centre Company Llmited by Guarantee Notes lo the Financial Statements f¢01th￿￿) Period from 18 April 2023 to 31 August 2024 DOr￿tiOnS and legaciès Unre5trrted R￿rthd Totsl Funds Fun Fun¢ts 2024 Donations Donations Friday collections Fee recewed 23.211 38,553 3.S65 359.788 382,999 38,55 3,365 65.129 359,788 424.917 Costs of rnlsing donations and lega¢ies Unrestricted Total Funds Funds 2024 Costs of raising don￿lDn$ aEYl Wies. DonatKsr 54.800 stafl costs The total staft costs and emF4oyee benefits forthe reporbng peEK#Y are analysed as lollows.. Period from 18Apr23to 31 Aug 24 Wages and salaries Ern￿OYer contributions lo pensKin plans 34,568 1,369 35,937 The average head count of empwees duruw th& period was Nil. No empbyee received errpbyee benefrts of mNe than £￿,000 duriry the year12023.' Nill. Trusts0 remuner•tk*n and expen Riverside Islamic Cultural Centre Company Llmiled by Guarantee Notes to the Financial Statemenis Period from 18 April 2023 10 31 August 2024 Tangible fixed ass￿$ Freehold property Cost Al 18 April 2023 Addit*)ns 401,788 Al 31 August 2024 Depreciatlon At 18 Aprll 2023 and 31 Augu* 2024 Carrying amount At 31 August 2024 401.788 401,788 10. Credltors: amounts falling due Tmllhln one y 31 Aug 24 Accryr* and delerrpd Ir￿ome 300 11. Credltors: amounts talllng due •fter rnore Ihan one year 31 Aug 24 Bank kjans ar¥J overdrafts 42,0￿? 11 Penslon5 and other post reiiremenl beneffts Defined ¢ontrlbullon plans The afflount recognised in income or eyftditu￿ as an expense in rel￿M)n to tJefined contribution pL9ns was £1.369. 13. Analysls ol ¢h*rttable funds Unrestri¢ted funds At 31 August 2 18 AFYtI 2023 Income ExpervJituTe General funds 6S,129 154,6001 10,529 Restricted lunds At 31 August 2 024 At 18 April 20TJ In¢orre Expendrture Restricl&J Fund 1 - desc in ￿cS 359.7B8 359,788 Riverside Islamic Cultural Centre Company Lirnited by Guarantee Notes lo the Financlal Staternents Perlod from 18 April 2023 to 31 August 2024 14. An￿ysiS of ch•NJes in nèt debt At 18 Apr 2023 Cash flows 31 Aug 21Y24 Cash at bank and in haThJ Debt due after one year 10.829 I42,(￿) 10,829 I42,￿0) 131,1711 131,1711 Riverside Islamie Cultural Centre Company Llrnlted by Guarantee Management Inlonnallon Period from 18 April 2023 to 31 August 2024 Thefollowing pw do not tom wt olthe f5nanclal statements. 10 Riverside Islamic Cultural Centre Company Limited by Guarantee Detailed Statement of Financial Activities Pertod from 18 April 2023 to 31 August 2024 Perlod from 18 Apr 23 to 31 Aug 24 Income and endowm•nts Donatlons and10gacies Donations Friday eollect*)ns Fee received 382.999 38.553 3,365 424.917 Total Income 424.917 ExP￿dI1￿￿ Costs of Aislng don•tlons and lego¢les Wages and salaries Pension Rates & water Light & heat Repair5 & maintenan¢e Insurance Accountancy lee Telephone Bank charges Sundry expenses Setvice charges 34,568 1,369 1.046 3,565 10,000 2,926 300 156 237 325 108 54.600 Totsl expenditure $4.600 Incom 370,317 11 Riverslde Islamic Cultural Centre Company Llmited by Guarantee N￿e$ to the Detailed Statement of Financial Activities Period from 18 April 2023 to 31 August 2024 Period from 18Apr23to 31 Aug 24 Costs of ralsing donalions and legaeTres Costs ot raislng donations and legae•es- Don•tioThs Wages and salarEs Pensiori Rale5 & water Light & heat Repairs & maintenance Insurance Accountancy fee Tekphone Bank charges Sundry eX￿er￿8s Servic8 ¢harges 34,568 1,369 1,048 3,565 10,IVJO 2,926 300 156 237 325 Costs of ralslng donations and Fggacles 54.600 12