ISLAMIC CENTRE Charity No. 275546 Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023 141 Hatfield Road, St Albans, Hertfordshire, ALI 4JX Islamic Centre Charity No. 275546 141 Haffield Road. Sl Albans, Hertfordshire, Al.14JX Tlip Financial Slalemenls on Pages 4 10 7 We￿ approved by the Executive Board on and signed on ils behalf by.. AP,htar Zaman PTosident Islamic Centre Charity No. 275546 Charlty Information cl.arity No. 275546 President. Akhlar Zaman Ac,dre5S. 141 Hatfield Road, Si Albans, Hertfords11ire. AL14JX qecretary. Ahsan Ashraf Bc?ard. Akhtar Zaman - President Alaa Eldin Salem Vice President Ahsan Ashiirl- Secretary Shakiel Zawan- Treasurer Muhammed Asrf- Vice Tr8a5urer Board Members Safdar Zaman Mohammed Akhlar Muliammed Asim Mohammed Afzal Islamic Centre Cliayity No. 275546 ACCOUNTANTS REPORT Thp Finrincial Slalerllenls for the yeAr end&d 31%1 December 2023 reporlpd on pages 4 10 7 have been pri'.parpd on Ihp inslrijclioii ol the President of Ihe131arnic Cenlre. Charity No. 275546 of 141 Haffield Re.Id, Sl AlbEJns, Hertfordshire, AL14JX. Tlinse financial Slalemenls h8ve been prepared based on the books, vouchers arid explanations supplied by the Board of the 151amic Cenlre. Bi")okman Limited C,1 iff]I"lered Certified Accounlanls 1d i1147 Hallield Road 81 Albans FIF'rtFordshire AL14JY 17 O¢tob&r 2024 151amic Centre Charity No. 275546 Income and Expenditure Account For year ended 31 DeGember 2023 2023 2022 Notes Income 90,288 90,37g Lpss.. Expend11ure Salary- Imam and others Card M;.Ichine charges Light 8 14eat Water Rates Buildinci Repairslmainlenance Bi"1115h Fled Cross Ummah W8lfar& TrLJStIFilrana Afghani..:lan Appeal Paki5131"i Flood Appeal Palestine Trauma Centre UK Pi"op&i'ly Irisur8n Council Tax R8rlio I ransmitter Costs New Fencing for Car Park Morocc() Appeal Libya Flood Appeal Plc lesline Children's Trauma Funeral Costs 18.212 409 9,526 1,321 2,648 120 5,839 13,887 408 4,512 2,143 484 30 2,300 960 2,272 738 1,960 637 75 1,960 572 75 6.658 2,183 2,182 1,000 8.155 232 Broadbrind cos15 461 46.574 45,386 Exr.es5 of Income over Expenditure 43,714 44,993 Islamic Centre Charity No. 275546 Balance Sheet as at 3151 December 2023 2023 2022 Notes Fixpd &sset5 Tcingibl,,: Assets 1.660,654 1,660,654 Current Assets C,75h al Bank and In Hand Debtors 390.512 273 346,659 140 Curren, Liabilities Crediloi s., amounts falling dLie will Iiii one year 15771 13031 Net Cui rent Assetsl (Liabilities) 390,208 346,454 '.isets less C.IlTren' Liabilities 2.050,862 2,007,150 Reserv,. s Rpvalutilion reserve 845,000 1,205,862 2,050,862 845.000 1,162.150 Income and Expenditure Alc 2,007,150 Islamic Centre Charity No. 275546 Note5 to the Financial Statements for the year ended 31. Dec&mber 2023 1 Income 2023 2Q22 Friday external Collections and donations Fili'analZakaaVSadqa Eid Collections Friday collections Membership fees Clothing Bank Renl from Property Sundry income Funeral Donalions Solar Panel Income 23,719 2.953 5,380 29,296 10.914 600 15,000 300 3,960 4.686 30.614 10,630 100 15,000 226 1,100 1,026 11,6D6 1.030 90.288 90,379 2 Fixed Assets 2023 2022 Mosque building al cost 182,000 182,000 Add.. revaluation 768,000 768,000 Mosque Building Improvements 170,654 170,654 Mosque building at valuation 1,120,654 1, 120,654 Investment propety al cost 463,000 463.000 Add.. revaluation 77,000 77.000 Investment propety al valuation 540,000 540,000 1,660,654 1,660,654 The Mosque Building and the Investment Property were revalued by the Executive Board al the valuation slated in ordor lo reflect the true value of assets In its Balance Sheet. 151amic Centre Charlty No. 275546 Notes to the Financial Statements for the year endèd 3151 December 2023 Icontinuedl 2023 3 Creditors Creditor5 211 Nel Wages PAYE 169 408 92 577 303 4 Revaluation Reserve Mosque building Investment properly 768,000 77.OOU 845,000 The surpluses arising on revaluation of the Mosque Building and the Investment Property h8vp. been taken to Revaluation Reserve 2023 2022 1nr.onie and Expenditure Ac.rount Ba[arn￿ brought forward 1,162,150 1,117,157 Excess of Income over Expenditure for the yeai. 43,714 44,993 1,205,864 1,162,150 Independent examiner's report on the accounts Report to the trustee51 members of Islamic Centre, St Albans (Herts} On accounts for the year ended Charity no lif any) 31, De￿￿nber 2023 275546 Jet out on pages 1 to7 Respective The charity's trustees are rp.g1)(Iii%ible for the prepara1ion of the ac'.LDI_IiIIs. riisponsibilities of The charity's truslees considiAI' Iliiil an audit is not rL(Juired for thisfyt•rir triistees and examiner under section 144 of the ChariliLiS Act 2011 1 the Charities Acl"} and Ihal an independent examination is needed. IThe charity s gross income exceeded £250,000 and l am qualified lo undertake the examination by being a qualified member of Inamed bodyll. Delete I l if not applicable. It is my responsibility to: examine the accounts under section 145 of the Charllles Act. lo follow Ihe procedures laid down in the general Directions given by the Charity Comrnission (under section 14515llb} of the Charities Act. and lo state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordan￿ with general Directions given examiner's statement by the Cliarity Comrni55ion. An examination includ8s a review of the accounting records kept by the charity and a corllparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanalions from Ihe trustees concerning any such mallers. The procedures undertaken do not provide all Ihe evidence Ihal would be required in an audit, and consequently no opinion is given as to whelher the accoun15 present a 'lrue and fair, view and the report is limited to those rnatlers set oul in the slalemenl below. IF_R December 2023 Independent In connection with my examination, no material matters have come to my exami'.ier's statement attention (other than that disclosed below '} which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance wilh section 130 of the Charities Act ', or the accounts did not accDrd with the accounting records.. or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a maller Gonsidered as parl of an independent examination. I have come across no other matters in conneclion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. .,Ii,. the wnrds in the brackets if they do not apply. Signed: Date.. S01,.Ii Name". Imran dLif(,ar Relevant professional qualifii:ation{s) or body lif any}- Member ofAssocialion of Accounting Technicians Address". 24 Sussex Close Lulc)n LU4 OUE Only complete if the examiner needs to highlight material matter of concern (see CC32, independent examination of charity aGcounls'. directions and guidance for oxaminersl. IER De¢ember 2023 Give here brief details of any item.- that the ox?mine.I wishes to rlisclose. IER December 2023 Trustees. Annual Report for the period Period slarl dale Period end dale From ol lou To 3) zoil ihTatratiOn details Charity name Islamic Centre, Sl. Albans (Hertsl Ot.')er names charity is known by Reo,istered charity number (if any) 275546 Charlty's principal address 141 Halfield Road Sl. Albans Herts Postcode AL14JX Names ?f the charity trustees who manage the charity Date5 acied11 not for whole yeaw Trustee name Off ice Ilf anyl Name of person for bodyl entlued f)Int trustee .qohammed Afzal Board Member Auliarrimed Asit Board Member ,lohammed Akhtar Board Member Aklilar Zaman President ,JafdarZaman Board Member Treasurer h8kiel Zaman Alaa Eldin Salem Vice President Muliammed Asif Vice Treasurer Ahsan Ashraf Secretary 1Q 12 13 lames of the trustees for the charity, if any, Ifor example, any custodlan trustees) P',ame Dates acted if not for whole ear TAR December 2023 Names aiid addresses of advisers (Optional informalionl Ti'pe of Name Addrgss ac.Ivi5er Niime of chlef executive or name5 of senior staff members {Optional information) Structutw-' 0vérnanee￿nd mana Descrrption of the charity's trusts Conslilulion Type of governing document How Ilie charity is constiluled Trust, as we have truslees Tru-,tee selection melhods Elected from Membership Additional governance issues (Optional info￿atiOn} MANAGING BOARD 111 Subject to Clause 5B, 10 members shall be elected in accordance with the provisions in Clause 15A12} and B (2113}, al least two thirds of the 10 elected members must be permanent residents c)f the City of ST. Albans (Hertsl will constitute Ihe Managing Board hereinafler called the Board. (2} Subject Ic> Clause 15B14}, the Board shall elect from amongst ils 10 members. officials lo administer the Centre comprising the lollowing: A President, Vice President. Hon. Gen. Secretary, Assistanl Secretary, Hon. Treasurer and Assistant Treasurer. {31 The tenure ot the Board shall be of two years bul the retiring officials or members of the Board shall be eligible for re-eleclion. Yoij may choose lo include addiliDnal iiiformation, where re.levaiil, al)out'. policies and procedures adopted for the induction and Irainiiig of Iruslees., the Glial ily's organisational slructuri., and any wider rielwork with which the charity workb., relalion%hip with any related parligs., IIu51e85 consideration Df majar r(.%ks and the system and pror.edures lo manage Ihom. TAR December 2023 edtlves ahd attlvities , a-, PURPOSE & OBJECTS A. The Centre shall be established for the advancement of the religion of Islam and Islamic education. B: In particular the Centre is established (1) Primarily to provide Islamic education to Muslim children. (21 To provide, erect. maintain and conduct Madressas (Religious Classes), MDsque, Libraries, cemetery. (3) To cullivale and encourage among Muslims the knowledge and love for religious ideals, traditions and principles of Islam and generally to promote education in Islamic Culture. Summary of the objects of the charity Sel out in its governing document C.. And shall have powers in furtherance of the objects 11 } To establish and organise the finance for the achievement of the purposes of the Centre 121 TO obtain, collect and receive money and funds by way of contributions, legacies. grants and by any other lawful method and accept and receive gift of properly of any description Iwhelher subject to any special trust or not}. 111 Offer place of worship 12} Offer classes for boys and girls 131 LeGlures for adults 141 Assistance with Fuiieral Services 151 Provide speakers and accept visits from schools 161 Participate in Inlerfailh Dialogue 171 Provide Islamic advice and inforrnalion ID the wider community in Hertford5hir? 18) Build and maintain Iwo-way links with public agencies Summary of the main activities I Indertaken for the pijblic beriefit in relation to these objp¢ts linclude within this sectif.ln the statutory declaration that trustees have had regard to the guidance issijed by the Charity Commission on public benefitl Additional details of objectives and activities (Optional information) TAR December 2023 Board shall have powers.. (1) To accept gifts, Zakaals, beqLJests or legacies left by in81ilulions or individuals whplher subject lo any spe.cial trust or not, for any one or More objects of the Cenlre. 121 To acqiiire by purchase, lease. donation, exchange or olhprwisp, land, buildings Dr other properlips of any lenurp or description silualed in the City of ST. ALBANS or any Lslalp. or intere51 therein or any right there over or in connection Iherewilh and lum safne to riccounl on particulars hy erecting, reconstruction, altering, improving, decorating, furnishing and maiiilaiiiing mad ressas Ischooll. MDSqU2 or houses. 13) To acquire by way of purchcising or otherwise all kind5 of movable properiies. 141 To borrow or raise monp.y and lo secure the payment therp.of iii sucli manner as tho Board shall de&m fit. 15) To make, accopl. ondorse, pxecule and iEsue prornissory notes, bills of exchange, debentures ancl ollier negotiable or Iranblerrable iiistrumeiils. 16) To ongage, appoint or dismi%s omployees or reachers of Ilie Centre and to make and pay allowances, wages or effect other payment%. 17) To acquire. any rights or privilegps which the Board may regard as netiessary or Lc)nveiiienl for the purposes of Ilie Cenlrp. 18} To accept and administer Waqfs and Irusls. (9} To invest and ￿lanage monii!s of the Cenlrp upori such security as from lime lo lime lo be determined. 1101 To appeal for the funds and aid from merllbe.rs or other well-wishor8 to further the oF)jecls of the Cenlre. -lo enter into any agreement with any department of the Government or Cpounly in Iho. United Kingdom, local authority or olher like authority and to obtain rights, concessions and privileges that may be for Ilip beiiefil of aiid conducive In the Centre. 112) To do all ab()ve and sucll things incidental lo or wliich Ihe Board niay deem conducive ID the allainmonl of the aforesaid objects. Y()iJ miiy r'hoose lo iiiclude IiJi"Ilipr .Elai.-.rnenls, wliere re'l(-:vaiil, a )oul'. polif'.y (',n qraiitmaking- IIDlicy Iiiogramme relalp.d IiivpsIIT eiit.. (.'.onlribi Ilion made by volupite￿yrs. 113) Any condition, event or decision not provided for in this conslilulion shall be deall with by mpan5 of the Board in accordance with the provisions in Clause 1611). TAR Decpmber 2023 otmlnce Summary of the main achievements of the charity during thp. year Carried out a number of youlh projects lo get youngsters involved with the Islamic Cenlre. Continued lo provide funeral assistance to a number of families in the local community. Partioipaled in a number of interfaith meetings to promote inter-faith dialogue and social cohesion. Participated in the remembrance day readings. Performed multiple civil marriage ceremonies. Accommodated visits by school children. Offered adult classes for Islamic education. Helped create a Muslim scout's group. TAR December 2023 .FittanEial rèvlè Keep £5,000 in reserve to cove.r 3 months overheads. Brief statD.ment of the charity's policy on reserves Details ot any funds materially in deficit Further financial review detalls (Optional infom)ation) Yuu may choose lo include additional information, where relevant about". the chclrily s principal sources of funds (including any fundraisingl-, liow expenditure has supported the key objectives of the charity- inve.slnient policy and objecliiies including any e.thical investment policy adopted. tlorial. InforthatloTh' i . i- 4_ The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{sl Full name{s) IAkhtar Zaman Position (eg S8cretary, Chair. Pr8sidenl etc Ahsan Ashraf Secretary Date Zo 2%3 LYJ TAR December 2023