Charlty number.. 271301 GREENWICH ISLAMIC CENTRE (WOOLWICH MOSQUE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 GREENWICH ISLAMIC CENTRE IWOOLWICH MOSQUE) CONTENTS Page Raference and Admlnlstratlve Details of the Charity. its Trustees and Advlsèrs Trustees. Report Independent Auditors. Report on th& Flnancial Ststèments 9-12 statement of Financlal Activities 13 Balance Sheet 14 statement of Cash Flows 15 Notes to tha Financlal Statgments 16-30 GREENWICH ISLAMIC CENTRE IWOOLWICH MOSQUE} REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustees Akinloye Jeleel Adelunji, Trustee lappoinled 22 October 2023) hAustafa Ainashe. Trustee (appolnted 22 Ootober 2023) Sw8léh Bocus. Trustee lappoinled 22 October 20231 RBkiba Luna, Trustee (appointed 22 October 2023) Abéirashid Mahvnud Yusuf, Trustee (appointed 22 Oclobor 2023) Guléd Abdullahi, Trustee lappoinled 22 October 20231 Abdullahi Mohamed Salim. Trusleelgppointad 22 October 20231 Alieid Abdi Hassan, Trustee lappointed 22 October 20231 Mohamed Hussein Mohamed, Trustee {appoinled 22 October 20231 F8rah Hussein Mohamed, Trusteé {appointed 22 Octobgr 2023) Abul Kalam, Trustee Tanvir Wadud, Trustee Zeinab Moalin. Trustee Mohammed Monlurul Ahasan, Trustee Zeinulabadin Sufi, Trustee Sanam Mia. Trustee Alibola Daod. Trustee Mohamod Jama, Trustee (resigned 22 Oclober 20231 Abdul Hamid Ismall. Trust88 Ireslgned 22 October 2023) Aided Elmi Ali. Trustee Iresigned 22 October 20231 Altaf Ismail. TrLJslee (resigned 22 October 20231 SaGdl Dahir, Trustee Iresignad 22 October 20231 Mohamed Salad Mohamed, Trustee {re5igned 22 October 20231 Abdulaaz Mohamed, Truste8 {resigned 22 October 2023) Abdalla Abdalla, Trustee {resigned 22 October 2023) Ahmed S Farah, Trustee Iresignod 22 October 20231 Ibrahiin Hassan-Add&, Trustee (resigned 22 O¢lober 20231 Charity reglstered nurnbgr 271301 Prlncipal offlce 131 Plurnstead Road London SE18 7DW Independent auditors A￿nd0 Consulting Ltd Chartered Certifled Acwunlants & Stslutory Auditors 128 Cily Road London EC1V 2NX Bankors B8rclays Bank PIC 8-9 Victory PsJrad8 Plumslea¢J Road London SE18 6FL HSBC Bank PIC 15 Wellinglon Stre81 Lond SE18 6PH Page 1 GREENWICH ISLAMIC CENTRE IWOOLWIGH P410SQUEI TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Truslees prcsent their annu81 report together with the audil8d financial slalemenls of the Greenwch Islarnic Centre (Woolwich Mosque) for the year 1 October 2022 to 30 September 2023. The Trustees confirm that the annual report and financial stat8ments of the charlly Comply with the Current statutory requirerllents, Ihe requlr&mènts of the charitys governing document and the piovisions ol the Statement of ReGommend8d Practice (second aditionl, applicable lo charitles preparing Ihelr acwunts in accordancè with the Finan¢lal Reporfng Standard IFRS1021. The Charity also trades under the name Woolwich Mosque. ObJectiv•s and activitles a. Policlès and objectives In setting objectives and planning for aclivilies. the Trustees have given due Gonsideratiov) lo general guidance publlshed by the Charity Commission relating to public benefit. Including the guldance 'Public benefit.. running a charlty IPB2)'. Maln Objectlves: Addressln the Dlverse N&èds of thÈ Local Musllm Communlt The main objective of the Greenwich Islamic Centre IGICI is lo idenltfy and meet the various neads of the local Muslim communlty, ensuring their well*fyeing and providing necessary suppc>rt. Promotln Understandin and Combatln Mlsconce tions.. GIC airns to counter misconcaptlons and mSsrepresentallon* of IslAm by fostering genuin8 understandlng among the local non-muslim populalk)n. Thls obj8Ctive Involves bridging gaps and promoting dialogue lo crealg a h8m)onlDus coexislgnce. Nurturin Islamlc Educatlon for Youn Children: GIC is dedl¢ated lo educatsng young children, 4iJipping them wth the knowledge and values r¢qulred lo uphold and practice Islam in their daily lives. This objective focuses on piep8ring the future generation to presetve their faith and embrace Islamlc teachings. Cultlvatin an Incluslvè Environment for Interactions- GIC strives to establish a welcoming and inGIu8ive environment that facilitates meaningful interactions belween Muslims and non-muslims. The objeclive is to promote dialogue. foster mutual respect, 8nd build bridges of underst8ndlng within the local community- Providln S Iritual Soclal and Moral Su GIC alms to provide splrilual guldance. social engagement. and moral support to hAusllms and individuals of other faiths, irrespèctive of thelr age, race. or gonder. This objective emphasises the holistic development and well-belno of individuals frorn diverse backgrounds. b. Strategiès for achlevino objectives GIC carries out 8 range of aclivilies to make sure that the charitys o14actThies are met. Below is a summary of key acdwties carrièd out lo achieve GIC objectives. Page 2 GREENWICH ISLAMIC CENTRE IWOOLWICH MOSQUE) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 ObJeGttve5 and actlvlties Icontlnuedl ¢. AGtivitie$ undertaken to achléve objoGtlves and main activitles undertaken to further thè Charlty's purpose$ for the public beneflt Dally Prayers: Th8 Graenwch Islamlc Centre IGIC) offers five daily prayers, providing Community access and 8nsuring facilities such as Reading Quran & Hadith, ablution areas, toilets. healing, and èlactricily are available for the comfort of worshippars. Frlday Prayer: Fridays are the busiest days at GIC. with a higher numbèr of visitors compared to other days. To accommoclate the inciease¢Y attendees ovèr 4.000 MLJslim Brothers and Sisters for the Friday Sermons. GIC ensures sufficient Spa￿ and necessary facililics. Currently, two Friday sermons are conducted due lo an overwhelming incr&ase in allendccs as well as incorporating worklng Individuals whom are able lo allend during their breaks and free lime to pray Friday. Lecturqs and Guest Spèakèrs: GIC is always comrnitled and hosts daily and wè.Akly éducational and cultural services lo tha local Muslim cownmunilies understanding 8nd I￿rning about Islamic value i.e.: Lectures, primarily delivered by GIC Imams. Addilion811y, vlsiting lecturers aro o¢xasionally invited lo enrich the Gommunlly's knowledgè and learning experience. GIC also hav8 a Sisters Gifcles weekly program lo enhance education for famales. Madrasa for Chlldren: GIC operates a madrasa or aur'anic school within the mosque. catering to children's Quran and Islami¢ education lo equip them for Ihe hjture $0 as to preserve their identity and to help them practice Islam in their daily lives. A closing ceremony was held in Juty 2023 lor appreaation through awards and New Terms. For the new Term, the Madrasa was outsourced to a new Exlemal body. New Muslims: The community members acknowledged th& neèd to support the new Muslim8 in GIG. The cantre took the initiative lo provide seNiees and activities for th8 new Muslims. During this finArrial year 202212023. Twenty one paople had accepted the religion of Islam. GIC organlsed new Muslims welcome gathering, circles, trips. books and malerlals. Tha expènsas lo cover these activllles were £2k. Ramadan Actlvltlès: Ramadan Is Ihe busiest month for GIC. The centre organises and providas lfftar (the evening meal to break the fast) for an estimclte of over 400 attendees. Additional prayers called Taraweeh. whore the auran is recited, are also conducted wherèby eslimales of over 3000 individuals Muslim brothers & Sisters attend. GIC faalilales ltikaafh lexlended Stay in the mosque) and Tahajoud Ilatè-night prayer) during the last ten days of Ramadan for those who choose lo partlclpale. Eid Celèbrations: GIC ensu￿$ the community can fulfil their duly of allending both Eid-ul Fitr and EiLq-Ul-Adh8 prayers by organising a colleclive prayer galhetsng at MOD Barracks site WOOK￿Ch. Rides and amusements are arranged for children and young people to gnjoy during these festive occasions. Fundralslng DinnÈrs.' GIC successfully hosts fundraising dlnners for both brolhers and sisters. raislng funds for construction pmjects. Vlslt My Mosque Inltlatlve: GIC actively participates in the "Visit My Mosque. initiative. organi88d by the Muslim Council of Britsin. Prior to the event, GIC advertises and invlles nèighbours, as well as stakeholders Such as the NHS, the Army. the Police, the Fire Brigada, the Roydl Borough of Greenwich, local MPS. and Counclllors. Funeral Sèrvlces: GIC has contracted Al Birr Muslim Funeral Services Lltj lo provide funeral service5, racognising the importance of this seryice to the hAuslim community. GIC Youth Contre and Cycling Club- GIC received HRM Queen's award in 2015, and GIC operat88 a youth Genlre that offers football, martial art. rock dimbing and outings in a safe and enjoyable environment for young peopla. Commissloned by the Roy81 Borough of Gre8nwich, this facility plays A vital role In countering youth violence and 98ngs.11 engages with youth who may have been dlfflcull lo reach through other seNices, focusing Page 3 GREENWICH ISLAMIC CENTRE {WOOLWICH MOSQUE) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 20 SEPTEMBER 2023 Oblectlves and actlvltles Icontinuedl on educational. recr88tional, social, and emotional development. Coh&$lvely Working wlth Règistered Charitlès: In GIC'S collaborative efforts wllh registered charllles One Ummah, Global Relief Trust. Islamic Relief, East London Mosque and Othgrs. GIC have successfully raisad funds foi various disaster relief initiatives. This report hlghllghls the contributions towards addressing the floods in Paklstan. Bangladesh. India and supporting earthquake victims in Turkey and SyTia. Greenwlch Sanctuary ProjeGI {GSP).' GIC has been commissioned by the Royal Borough of Greenwich lo deliver support services as part (Jf the Greenwich Sanctuary Project. The project aims lo assist SyTian refugees sellling under the vulnerable person relocation scheme. GIC provides pre-arrival preparaliorb. welcoming families into their new homes, conducting needs assessments, and offering support with various aspects such as financial assistan￿, heallhcaie. education. and integration into the wider socjely. The support continues for a period of years from their arriv81. GIC has delivered outstsndin9 SeNi￿S to Syrian families sinc8 December 2017. Sadaqah and Zakath {Donations to Poor and Needy).. The GIC is always committed to provide welfare support to anyone that is ollgSble to recelve it. During Ihe Flnancial Year 1slOclober 2022 - 30th September 2023, we were worting dosely wlh other charity organlsations to pay charity for Zakatul Filr {Fllrana) and send money to other countries that faced natural disasters such as th8 Earth Quake in Turkey and Syria took plac& in 202212023. The total money paid to these organlsations was £15,953. Qarda Hasana (intèrest free loans).. Tho Inleresl Free Loan from our community Is the main cor@ financlal support lo enhance developmenl of the construction projects ol the GIC centre. Dunno current financAal year, CIC made repaymev)l of the Qarda Hasana d8bt 'finan¢ial years October 2022 to September 2023". we managed to repay a totsl amount of £97,000 reducing thè débt lo £400,500 at the year end. d. Volunteers The charity expresses deep gralilude for the dedicatad commitment of its volunteers, who actively contribute to setvice prowsion, charity shops, and fundraising aclivilles. Throughout the year, 11 Is Èsllmated that more than 10.000 hours were generously volunteered. Considering a conservative valuation of £12.00 per hour. the coll8Ctive volunteer effort amounts to over £120,000. To oplimise the Valuable contributions of our volunteers, the Gharily has a Faulity ManagerNolunleer Coordinator. This role airlls lo ensuw the Ma￿muM value is derivad from the 8x￿pIlOnal cfforts of our dedicated volunteers. Achievements and perforniance a. Kay performance Indicatob GIC r611os on rental incom8, donations and Qarda Hasana (Interest Frae Loans) from its s8rvic8 u80rs as a vital sourc8 of funding. Th8 primary fundraising pèriods in the GIC calendaT include Fridays, Ramadan. and the Eids (Eid ul Adha and Eid ul Filrl. Additionally. due to the ongoing extension proi&ct, fundraising dinners, and visiling other Masjid collections were organised for both brothers and sisters during this financial year. The community has actively participated and generously conlribulod lo thase fijndraising efforts. Page 4 GREENWICH ISLAMIC CENTRE IWOOLWICH PJJOSQUEI TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDFD 30 SEPTEMBER 2023 Achlevemènts and pgrformance (continued) b. Fundraislng 8Ctivitles and Income ganaratlon One of our notable accomplishments Is the successful complalion of Phase 1 B. whS¢h constitutes 900/0 of our extension project. along with the r8sumption of our hAadrasah School and GIC Scouts program. Furthermore, we achieved considerable suwss through multiple fundraising events fhat grealty contributed to our ongoing extensive construction proj8d. The financial rewjrt below provides a comwehensive oveNiew of the yearfs results. We are pleased lo report s2tisfactory progress Ihrou9hout the year and a favourable position al y88r-end. The increase in income can b8 atlribuled primarily lo various fvndraising events and an extensive virtual carnpaign conducted. This increase is also ￿flected in the greater amount of gift aid recovered in rekbon to the donations receivod. The Cenlre's operational expenses are covered by public donations, Madrasah income. grants. various fundraising events, and our Funeral servi¢e ranlal income. Flnanclal revlew a. Golng concem After making appropriate enquirles. the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operalionAI èxistence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial st8lemenls. Furthei details regarding the adoption of the going con￿rn basis can be found in the acwunting policies. b. Resèrvas pollcy The charity Is heavity dependent on voluntary income to support Ils operatlons. With the ongoing slgnificanl exlension project, the trustees have sat a goal of maintaining a r&serv8 equivalent to three months, worth ol running costs. This reserve Serves to accommodate short-lerm fluctualions in Income. The trusteos have astimaled that an amount of £75k Is necessary lo meet Ihis target. As of the year-end, the charilvs bank balances were sufficient lo cover this reserve requiremenL The charity gene￿Ied a surplus of £342k {2022-. £534kl during the year. Al the year end, th8 total of unreslricled reseNes was £4m {2022.' £3.96m) and restricted reserves were £1.4m {2022: £1.1m). Prlnclpal risks and uncertaintles The chadtls primary risks include the potential loss of dats due to a cyber.atlaGk, which could result in non- ¢omplian¢è wlh GDPR regulatlons and damage to the charills reputation. To aédrèss these risks. the charity has implemented strong IT protocols 8nd established relevant polic48s lo ensure effodfve management and protection of data. d. Financlal risk management objective8 and policies The Irusleas hold the responsibllily ol identrfying and evaluating the risks that the charity may encounter. They are also responsible for implementing adequate controls lo reasonably safeguard againsl fraud and errors. As part of thelr duties, the trustees conducted a thor￿gh review of the significant slralegi¢. busirbess. and operational risks faced by the charlty. Systems have been established to mS1igate these risks, and regular evaluations wll be CO￿￿￿¢¢ed to ansure that these systems eff8clively meet the ¢hAritls requirernents. Page 5 GREENWICH ISLAMIC CENTRE IWOOLWICH MOSQUE) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 Principal funding Thè chariws principal source of funding is donations receivad from members aNd l(Kal muslim communitiès. Structure. governancè and managem¢nt Constitutlon Greenwich Islamic cent￿ Iwoolwich Mosque) is a règistered tharily. number 2713L11. and is constituted under a Trust deed. The primary objective of the charity is lo establish appropriate faalilies to serve ag a centre for the Muslim community residing in the Royal Borough of Greenwich and neohbourlng are