ISLAMIC CENTRE EDGWARE Re8lstered Charity Number 270823 ISLAMIC CENTRE EDGWARE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ASAD RAHIM & CO. CHARTEREO CERTIFIED ACCOUNTANTS 8 PARK WAY EDGWARE MIDDLESEX IIA8 5EZ
ISLAMIC CENTRE EDGWARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The tnistees present their annual report and financial statements for the year ended 31 March 2025 and confirm that they compty wrth the Chartties ALI 1993. as amended by the Charities Art 2CKJ6 and the Charfties SORP 2L))S. 8o•rd olTntstees Mr Mohammed GulFam MrAbbas Rehman Mr Muzaffar Ahmed Mr Rashid Aziz MrAleem Butt Mr Mlr2a Nadeem Shahzad Mr Abdul Raiiaq Butt Mr Shamim Ahmed Mr lftlkhar Hu55ain Mr Mohammed Zaheer Ali Mr Am}ad Iqbal Mr Shahld Iqbal Mr Mohammad Nisar Bashlr Mr Naslr Mahmood Mrlshtlaq Mahmood Charlty Reglstratlon No. 270823 Address: 9D Deansbrook Road Edgware Middle5ex HN3 9BE Mr Mohammed Gulfam Go¥•rnln8 Document 151amlc Centre Edgware Is con5tltuted as a charfrty and re8lStered with the Charlty Commisslon on 25 February 1976. The constftulion was adopted on 31 Au8U5t 1975 and last amended on 29 June 1997. Alms and ObJ•rtl¥•$ The aims and obiectlves of the charlty are.. The advancement of the reli8ion of Islam In accordance with the tenets and doctrfnes of Sunni sect of Islam. The advancement of the education of Musllm children In accordance with the tenets and doctrines of Sunni sect of Islam. The relief of such members of the sect who are poor and needy. Arrange prayerfacilities for the l¢xal Musllm communitv. Structure of the Organlsatlon The chaiitws trustees are responsible for management of the chartty. The trustees glve their time freely and no mUneratIon or any other financial benefrt5. The trustee5 meet tQ8ether as a bodv on a reqular basi5 and are r@sponsIb fhr m•kin8 dcision in rl4tion to runnins thc organi5atton effertively. The trustees have set up a managing committee for the smooth running of the charity and to maintsin fjts day to day finances.
ISLAMIC CENTRE EDGWARE INDEPENDENT EXMINER'S REPORT TO THE TRUSTEESAND MEMBERS We report on the financial statement5 of Islamic Centre Ed8ware for the year ended 31 March 2025, which set out on pages 5 to 7. Respectlve Responslbllttles of Trustees and Examlner The charity'5 trustees are responsible for the preparation of the account5. The charlvs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed. It Is my responsibility to: examine the accounts under section 145 of the Charitles Act, to follow the procedures laid down In the general Directions 8iven by the Charity Commission lunder section 14515llbl of the Charities Art, and to state whether particular matter5 have come to my attention. Basls on Independent Examlnerfs Siatemont My examination was carried out In accordance with 8eneral Dirertlons given by the Charlty Commission. An examlnation includes a review of the accountin8 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 the trvstees concernlng any Such matters. The pr¢Kedures undertaken do not provide all the evidence that would be requlred in an audlt, and consequentiy no oplnion is given as to whether the accounts present a 'true and fairf view and the report Is Ilmited to those matters set out in the Statement below. Independent Examlnerfs Statement In connection with my examination, no matters have come to my attention l. Which gives me reasonable Cause to believe that In. any material respect, the requirements: to keep accounting records In accordance with sectlon 130 of the Charities Art: and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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. Asad Rahim & Co. Chartered Certified Accountants 8 Park Way Edgware Middlesex HA8 5EZ Date..
The existing trustees are responsible for appointment of new trustees but they consider nominations only recommended by the local tommunity leaders as well as by the managing committee. The trustees believe this method is very effertive way to build strong relationship between the charity and the Ial community where the charity operates. Rlsk Management The trustees have asse55ed the risks the charity faces and review these risks regularly at thelr meetin8 and confim that Systems are in place in Order to manage these risks and necessary steps Can be taken to manage the r15ks that have been identified. FlnancSal Revlew and Investment Pollcy The charity has no lon8-term investment. The charlvs cash are held in UK bank deposit accounts. The centre's results are stated on pa8e 4. The centre achieved net incoming resources of £301,685 for the year ended 31 March 2025 and the trustees are pleased with the results. Trnst•es Responslbllltles to the Flnanclal Statemonts The charity's trustees are responsible for preparation of financial statements In actordance wlth applicable law to charities In England and Wales which gives true and fair view of the state of affairs of the charlty durin8 the financial year. In preparin8 the financial statements, the trustees are requirèd to.. Select 5ultable accounting policy and the apply them conslstentlyi follow the methods and prlnciples In the Charities SORP: make judgments and estimates that are reasonable and prudent: state whether applicable accountln8 Standards have been followed, subjert to any material departures disclosed and explained the financial statements: prepare financial statements on the going concern basis unless it IS inapproprlate to presume that the charity will continue in business. The trustees are responsible for keepin8 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable thern to ensure that the financial statements compty with the Charities Act 1993. They are also responsible for safe8uardin8 the assets of the charity and hence takin8 reanable steps for the prevention and detection of fraud and other Irregularities. Approved by the trustees and slgned on their behalf bv: Mohammed Gulfam Chair of Trustees Date..
ISLAMIC CENTRE EDGWARE STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENOED 31 MARCH 2025 Unre5tr1cted Re5tr1cted Total Funds Total Fund$ Funds Fund5 Incomlnq Resources Donations and Subscriptions Donations - Zakat & FStra Investment Income HMRC Gift Aid 315,116 315.116 52,067 47,414 7.938 235,542 35,659 25.173 12.918 52.067 47.414 7.938 Tot•1 In¢omln8 Resourc•s 370,468 52,1%7 422.535 309.292 Resou$ Expended Wa8es and Salaries General Rates Insurance Light and Heat Repairs and Maintenance Prlntlng and Statlonery Telephone Donatlons- Zakat & Sadaqa School Books and Bags Le8al & Professional Fee Bank Charges Credit Card Charges General Admlnlstration 38.575 38,575 956 2.754 1,498 2,618 3,217 7,491 2,754 2,293 i.¢J)3 921 2.293 1,0)3 921 67.051 1.224 67,OSI 20.675 I,3 572 245 1,876 361 1,224 149 934 124 149 934 124 Total Resources Expended 53,799 67.051 120,850 75.129 Net Movement In Funds Total Funds Broht Forward 316,669 2.539,261 14.984 14.984 301,685 2.539,261 234.163 1305,098 Total Funds Carrfed Forward 2,8SS,930 2,840,946 2,539,261 There were no reco8nised 8alns and losses forthe yearother than stated In the statement of f inanclal artivities above. All incomin8 resources and resources expended derived f rom continuing activities.
ISLAMIC CENTRE EDGWARE 8AiANCE SHEEr AS AT 31 MARCH 1025 Not• Flxed Assets Tangible Assets 2.691122 2.691122 Curr•nt Ass•ts Other Debtors Cash at Bank and In Hand 2&31y) 126,524 2,844.946 64,753 2,756.875 L•55: Current U•bllltles Loans from Community- Qarde Hasna Other Credltors 1213,6141 14.CWI {4.(Wl N•t Ass•ts 2.840,946 2.539.261 Th• Ch•rlty's Fund: Unrestrlcted General Funds 2,840.946 2,539.261 Approved by the trusteès and $18ned on thelr behalf bv: Mohamm•d Gulf*m Chalr of Trustees
ISLAMIC CENTRE EDGWARE NOTES TO THE FINANCIAL STATEMENTS FOR TtrIE YEAR ENDED 31 MARCH 2025 l. Accountin8 Polkles 1.1 Basls of Accountlni The financial statements have been prepared In accordance with Accounting and Reporting bv Charitie5: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 Charities SORP 2015, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitie5 Act 2011. The charlty meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the financial stotements. 1.2 Golnl Conc•rn The trustees conslder the charity has adequate resources to continue In operation in the foreseeable future, including the next 12 months from the date of si8nin8 these financial statements. The trustees also consider that the exi5tin8 would allow the charity to meet its obligation and debt as they fall due and accordingly the financial statements have been prepared on a 80ing concern basis. 1.3 Incomlng Resources Unrestrlcted fund5 are those are received by way of donatlons at thelr own discretlon and the trustee5 are free to use these funds for any purpose in advancement of the charity and charitable objerts. Re5trirtèd funds are those to be used in accordance with speclfic restrictions Imposed by the donor and for the purpose which donation was collected. 1.4 Resour¢e5 Expended Liabilitles are recognlsed as soon a5 there is a legal or constructive obligation committinB the charity to pay out resources. All expenditures are taken into consideration on an accruals basis and have been classified under appropriate heading in the statement of financial activities. 1.5 Value Added Tax Value added tax is not recoverable by the charity and charged against the category of the resources expended lor which it was incurred. 1.6 Tan8Sble Flxed A$5ets and Depietlatlon The freehold property is mainly land and valued at historlc cost and it is not depreciated as the trustees consider depreciation charge is immaterial. Fixtures and Equipment charged at 15%- straight line
ISLAMIC CENTRE EDGWARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Z. Flxed Assets: Tan8lble Assets Land & Buildln8 Fixture5 & Equipment Cost 8alance Brought Forward Total 2,692, 121 26.708 2.718.829 As at 31 March 2025 2,692,121 26.708 2.718,829 Oepraclatlon 8alance Brought Forward Char8e for Year 26.707 26.707 26.707 26,707 N•t Book Value As at 31 March 2025 2.692,121 2,692.122 As at 31 March 2024 1692.121 2.692. 122 3. General Reserve Funds Balance Brought Forward Add: Income Les5.' Expenses 2, 539,261 422,535 (120,850) Totsl Unrestrfcted Funds 2.840,946