Charity Registration Number : 1205632
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
A CHARITABLE INCORPORATED ORGANISATION TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 DECEMBER 2024
**Trustees Charity Number Registered Office**
Taiwo Salami Medinat Badmus Hakeem Olanrewaju Lateef Abiola Olasupo 1205632 3 Dominion Court Gwent Newport NP19 4BN
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **CONTENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
## **Trustees' report and financial statements**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **Activities and Achievements**
During the year, the charity continued to support the local Muslim community in Cardiff through educational events, community meals, and social support programmes. The trustees are grateful to all donors and volunteers for their contributions.
## **Trustees**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Taiwo Salami
Medinat Badmus Hakeem Olanrewaju Lateef Abiola Olasupo
## **Trustees' responsibilities statement**
The trustees, who are also the directors of Charity For Rahmat Islamic Community Cardiff for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustee and signed on its behalf by:
---------------------------------------------------Taiwo Salami Trustee
Date : 09 October 2025
Page 1 of 7
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories**
**by activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Charitable activities
3
Other
5
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
9,774.67
**9,774.67**
5,232.69
27.22
**5,259.91**
**4,514.76**
**4,514.76**
-
**4,514.76**|**Total Funds 2024**
**£**
9,774.67
**9,774.67**
5,232.69
27.22
**5,259.91**
**4,514.76**
**4,514.76**
-
**4,514.76**|**Total Funds 2023**
**£**
-|
|---|---|---|---|
||||**-**|
||||-
-|
||||**-**|
||||**-**|
||||**-**
-|
||||**-**|
Page 2 of 7
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
6
**Total fxed assets**
Current assets
Cash at bank and in hand
7
**Total current assets**
Creditors: amounts falling due within
one year
8
**Net current assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
9
Restricted income funds
9
Endowment funds
9
**Total funds**|**Total Funds 2024**
**£**
462.77
**462.77**
4,451.99
**4,451.99**
400.00
**4,051.99**
**4,514.76**
4,514.76
-
-
**4,514.76**|**Total Funds 2023**
**£**
-|
|---|---|---|
|||**-**|
|||-
**-**
-
**-**|
|||**-**|
|||-
-
-|
|||**-**|
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 09 October 2025 and signed on its behalf by:
Taiwo Salami Chair Date : 09 October 2025
Page 3 of 7
## **RAHMAT ISLAMIC COMMUNITY CARDIFF**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
## **1. Accounting Policies**
## **(a) Income Recognition**
Income is recognised when the charity becomes entitled to the income, receipt is probable, and the amount can be measured reliably. Donations and grants are recognised when received unless they relate to a specific future period.
## **(b) Expenditure Recognition**
Expenditure is recognised when it is incurred and is reported on an accrual basis. Costs are classified under relevant activity headings that aggregate all costs related to that activity.
## **(c) Charitable Status**
Rahmat Islamic Community Cardiff is a registered charitable incorporated organisation (CIO) governed by its constitution and registered with the Charity Commission for England and Wales under number 1205632.
.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Change of accounting policy**
These accounts have been prepared to give a ‘true and fair’ view
## **1.4 Taxation**
The charity is exempt from corporation tax on income and gains falling within section 505 of the Income and Corporation Taxes Act 1988, to the extent that such income or gains are applied to charitable purposes.
## **1.5 Tangible fixed assets**
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|**Name**|**Rate (%)**|**Year**|**Method**|
|---|---|---|---|
|Computer Equipment|33.33|3|Straight Line (SL)|
Page 4 of 7
## **2. Income from Donations and Legacies**
|**Analysis**
**Unrestricted funds**
**£**
Donation and gifts
9,774.67
**9,774.67**
**3. Expenditure on Charitable Activities**
**Analysis**
Bank charges
Charity management & administration
IT & website expenses
Charitable food support
Program venue hire
Support Costs
**4. Support Costs**
**Analysis**
**Governance Costs**
Accountants fees||**Total funds 2024**
**£**
9,774.67
**9,774.67**
**Total funds 2024**
**£**
147.21
1,317.48
12.00
1,100.00
2,256.00
400.00|**Total funds 2023**
**£**
-|
|---|---|---|---|
||||**-**|
||||**Total funds 2023**
**£**
-
-
-
-
-
-|
|||**5,232.69**
**-**||
|||**Total funds 2024**
**£**
400.00|**Total funds 2023**
**£**
-|
|||**400.00**
**-**||
## **3. Expenditure on Charitable Activities**
## **4. Support Costs**
## **5. Other Expenditure**
|**Analysis**
Depreciation Charge for the Year -
Computer Equipment|**Unrestricted funds**
**£**
27.22
**27.22**|**Total funds 2024**
**£**
27.22
**27.22**|**Total funds 2023**
**£**
-|
|---|---|---|---|
||||**-**|
Page 5 of 7
## **6. Tangible Fixed Assets**
|**6.1 Cost or valuation**
At 08 November 2023
Additions
Disposals
Revaluations
Transfers
At 31 December 2024
**6.2 Depreciation and impairments**
At 08 November 2023
Charge for the year
Disposals
Revaluations
Transfers
At 31 December 2024
**6.3 Net book value**
At 08 November 2023
At 31 December 2024
**7. Cash at bank and in hand**
**Total funds 2024**
**£**
Cash at bank and in hand
4,451.99
**4,451.99**
**8. Creditors: Amounts falling due within one year**
**Total funds 2024**
**£**
Accrued expenses
400.00
**400.00**||**Computer**
**Equipment**
**£**
-
489.99
-
-
-
**489.99**
-
27.22
-
-
-
**27.22**
-
**462.77**
**Total funds 2023**
**£**
-|
|---|---|---|
|||**-**|
|||**Total funds 2023**
**£**
-|
|||**-**|
## **7. Cash at bank and in hand**
## **8. Creditors: Amounts falling due within one year**
## **9. Charity funds**
## **9.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Unrestricted**
**funds**
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|---|---|
||**-**|**9,774.67**
**5,259.91**
**-**|||**-**|**4,514.76**|
||||||||
||**-**|**9,774.67**
**5,259.91**
**-**|||**-**|**4,514.76**|
Page 6 of 7
## **10. Transactions with trustees and related parties**
## **10.1 Trustee remuneration and benefits**
**This year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or True False)**
## **10.2 Trustees' expenses**
No trustee received reimbursement of expenses or any other payments for services from the charity during the year (2024).
## **10.3 Transaction(s) with related parties**
There were also no related party transactions during the year.
Page 7 of 7