CHARITY REGISTRATION NUM8ER: 285030 CROYDON MOSQUE & ISLAMIC CENTRE Financial Statements 31 December 2023 SALEEMI ASSOCIATES Chartered accountanls & stalulory auditor 792 Wickham Road Croydon CRO 8EA CROYDON MOSQUE & ISLAMIC CENTRE Financial Statements Year ended 31 December 2023 Page Twstees, annual report Independent auditorfs report lo the members Statement of financial activities Statement of financial position ststemenl of cash flows 10 11 Notes to financial slalements 12 The followlng pages do not fonn part of the financlal statements Detailed statement of financial activities 25 Notes to the detsiled statement of financial activities 27 CROYDON MOSQUE & ISLAMIC CENTRE Trustees. Annual Report Year endod 31 December 2023 The Iruslees prèsent their report and the financial staternents of the charity for the year ended 31 December 2023. R•f•rèn¢e and admlnlstratlve ￿et￿lS Reglster•d charSty namè CROYDON MOSQUE & ISLAMIC CENTRE Charfty regi¥tr•tlon numbèr 285030 Princlpal offi¢• 525 London Road Thornton Heath Surr¢y CR7 6AR Th• truste•$ Mr Afzal Hussen Amirali Ahm¢d All Mr Asghar Ali Mr Mohammad Saqib Khan Mr Waqas Khan r Mohammed Jamil Okhal Mr Mohammad Rafiq Rauak Mr H8roon Kar¥n Okhai M8nagem•nt Committ*• Afzal Hussen Amirali Ahm•d Ak- Chainnan Mohammad Saqib Khan- Finance S￿etary Waqas Khan - Madrassah Secfelary Mohammèd Jamil Okhai- Conslwclion & Maintenan¢o Secretary Haroon K•rim Okhai- Fynoral Secretary Mohamrnad R8fiq Razzak - Funcl Raisin9 S•¢r¢tsry Saleemi Asswates Chartered accouniant$ & $tslut¢xy audrtor 792 WKkham Road Croykn CRO 8EA Audltor 8ank•rn 68rdays Bank PLC POBox95 1 North End Croyd(M) Surrey CR9 1SX National Westminster Bank Pl¢ 1393 London Road London SW16 4XF L•gal Advlsi¥rs Lee Bohon Mmier-williams LLP 1 The Sanctuary London SW1 P 3JT CROYDON MOSQUE & ISLAMIC CENTRE Trustees. Annual Report (contlnu Year ended 31 December 2023 StructUf•, 9ov¢rnance and managoment The Trustees have pleasure in presenting their Rep￿t and Ihe Financial Slaternents ol the Charity for the year ended 31st Decembèr 2023. The Financial Statements have been prepared in accordance wrth the accounting policjes sel out in Note 3 to the Accounts and comply with thè Charity's Slalemenl of Recommendad PraCt￿e applicable to charil￿S preparing their a¢¢ounts in accordance with the Flnancial RepNbng Siandard applicabK8 in EryJland ant1 Wales. PRINCIPAL OBJECTIVES AND ACTIVITIES The principal actsvilies ol the Charity were in a¢¢(Mfjance with the staled objectrvès of the Charlty, namely the advanctr ol Islam and relal8d swices to the communty, and were 85 follows= The adVan￿Ment of Islam throLwJh the provision of daily prayws and rolaled services., The provision of Sharla ¢c*npliant burial seryKes for ¢ommunity and other mosqu0$ in the localrty.. Th& educalKJn of Muslim Chi￿ren both in accordan¢e with the teachings of aur¥n 8nd Sunnah, and the Nai￿al Curri¢ulum through Ihe provision of Tuition dasses,. The provision of $ervl¢es lo the communty to include regulaf events lor the eldedy and th6 youth.. Spwal services for ladl•s th1o￿h the provisicffl ofd•dicaled dasse5 on matters reli9lou8 and secvlar to includ8 lrfeslyle. domestK and M￿1¢81 issues.. Sp•cial svr9eries to provide a￿$$ for the communty to legal. m8dul, local aLrthority and elecled r8presentstives', Oedicaled counsslling as required by t￿ community.. Taking the lead on interfaith actNibes In the London Bc¥cwh ol Croydon.. Condu¢tsng a regular 1k01s￿ with the Ictal aulhontss fty the provision of s•rviu$ to the commvnity., The Staging of WLrlar l¢¢tures and Ouran¢ ffj¢iIali￿ performances by wortd renowned qaris liecllers of the hoty Quran). OTHER ACTIVITIES Following Ihtr pandemic's Impacl ￿ mosque actNliies and madr8ssah closures. CMIC Is pleasod lo report a sleady recovery and 9r¢)wth in several key ar•as of Strrvice and support. WO ar¥ now over the impacts from the pandemK ¥nd are moviThJ ahead in a prcgressNe manner. Madrassah enrolments are now nearin9 pre-pandemK ￿tIs, with an encouraging rise in in¢omo. The Increas￿ attendance und•rs¢ores ihe value of our educ8b"on81 services wilhin Ihe ccmmunrty. Our subcontracted tuition for home-schrx)le(J sludents has gainèd rn¢xnenlum. meetln9 a growing demand lor quality educational support wtthin our communty. This initiative has positNety impacled both student eroagem•nt ¥nd communty ots1rn8¢h. The CMIC ywlh clubs for both boys arTrd girts are now wdl-subscribed. providing a nurturing and en9aging space for young people. This inrtiatwe addr8558s Ihe need lor structursd, failh-cenlred adivities and has been mat wilh sb3nrficant inter¢$t Irom tsmilies. DurltYJ Ramadh8n, CMIC provlded wam ffleals to h￿h volumes of refv9ees. thanks to Signifi￿nI ￿￿￿tIOnS. We have also establishe(l a weekty soup kitchen lo assist the homele$$, offering on our premises and rellectin9 CMIC's commrfment lo socBI wemare. Ganerous donations this year ènaWe(I CMIC to offer addiliwl supm for refug8e meals during R8madhan. covering assoualed costs aThJ enhancirvJ our ability to seNe the vulnerable in our cornmunity. CROYDON MOSQUE & ISLAMIC CENTRE Trustees. Annual Report (comi Year ended 31 December 2023 The Trustees are graleful for the continued support and dedution shimn by CMIC'S community. enabling the mosque to luffil rts Missi￿ of compasS￿ale sewvi¢e and 51JPPOrt. VOLUNTEERS The Trustees wlsh to record their appfeckatK¥) on behall ol ihe Charity and community lor the volunlaers vtho assist in smooth running of the Charrty and are critic81 in helpsng to kèep the running costs down. No volunteers were remunerated in the year. TRUSTEES APPOINTMENT The Trustees aro apkM)inltrJ with the approval of thtr M8jIisvfrShoora as slipulaled in Ihe Charrty's Constitution. B85ic guidance Ss [￿VIde(j lo Ihe new Truslgos on they responsibMrti¢$ as dtrfined in the ConstitLrtion. ACHIEVEMENTS AND PERFORMANCE Curr•nt and Fvturo Actlvltl•s The Charity has continued wth Ihe activities as in the prevKyJs years, namety thè advancement ol Islam and related services to the community in the area. With the Phase 111 build now fully operational, (Women'$ and Children Cenlrel. Charity has increased th& ￿paCI¢Y lo accommodate attendees al Iha Mosque. FINANCIAL REVIEWS R•¥ult• The finandal pgrfomance for the year. 08 dotsl•d page 8. reflects ￿rtIv0 prtsJre&8. Wrth income and expendituro 81 satsslactory ￿¥81s. Madrassah incom• ha$ increased sffjnificanuy as student enrolments approach prtr-pandemic levels. This growth refte¢ts the communrty's renewèd ¢onfidence and commitm8nt lo education at CMIC and has bgen inslrumenial in supporting overall incJ)me stability. Additionally. general donation$ have increaséd. allowing the mosque lo $u$tain activities d8SPrt' e rising opeiatsonal costs. This year has seen an increase In en8rgy and ftyxl costs. To accommodate thèse rising expenses, CMIC has proactively upgraded facili1￿$, such as the kilchen. &n$uring Ihal Services remain offe¢tive 8fKI meel current needs. The cost of these upgrades and increased operational ¥xwiso5 has been offset by ￿neroUS community donations, effec￿elY matntainirKJ a siabl8 bottom line. Youth clubs for boys and girfs have been fvlly lunthnal throughout the year. Th•lr operations. Wel￿SUbS¢nbed by the community. have been eff￿entfy managed. ensuriThJ that the finanri81 impacl on Ihe mosque's over81 income remains neutral. The cenlre's income continues to berbefil trom public donations and rental income from three investment properties. providing essential support for the mosque's operations. Wrth Ihe easing of COVIO-19 restrictiw$, ftjll mosque opBratN)ns resumed. leadiThJ to an incrgaso in cdlections and donations compared lo the PreV￿S year. The year's financ?31 hèamh reflects prudenl managemènt and the generous support of OUT communTty. enabling CMIC to sustain its missron and serve the cornmunlty effectivety. CROYDON MOSQUE & ISLAMIC CENTRE Trustees. Annual Report IcontfMdJ Year ended 31 December 2023 RISK REVIEW The Trustees have conducted their own revièw ol Ihe majw risks lo which Ihe Charity is exposed and Steps have been inilialecj to minimise the MlentifEd risks. AJI lunctK)ns ol the Charity are suts'èctèd lo periodic review. resulting In a process of ongoing improvement. All slaffs are trained and have all the requI￿d slalutory and r8gulalory clearances requiied. In additw)n. all speèktrrs who are allowed a platform al the Chaiity have due dilgen¢e conducted and material vetted wior to addressing the atten(tees al the Charily. The Commtttee rem8in vigilant and aware ol heatth and safeguarding risk5 and perfofm regular revi￿S of any char¥Jes n8ed8d to the Mosque to m￿gate any nsks may pose for ils worshippers and vlsrtors. Additional wcfks for ease of disabW access to the premi8e8 continue to be monrtOTed and malnlained. SERIOUS INCIDENTS ANO EXCEpnoNS The Truslees SLtbmltt¢d Serlcwjs Inodgnt Rewt io th8 Charty Commlssion in respecl of a hlslorf¢ safeguardin9 matter which did not occur on Ihe Charrty's premises, bul involved one of Ihe Charily's Employees. The Charity has a¢¢tyded lull cooperalj.on lo all affected kncal authorilios. The rnatter 15 On9￿ng an¢J the Charity Commission are b8iThJ kèpl •b￿aSt C￿ all developmènts. The Trust&e$ ¢an report that there wore no Except￿S rfjwd•J. and which gave lo a need lor the Trustees lo re¢ord on Ihe Charity's Excepts"ons' Regisler. RELATED PARTY TRANSACTIONS Ouring Ihg year the related paty tr8n$8ctions amunl8d to total donations lo Al-Kh4ir Foundation of £6,000 and receipt of sponsorships from Al-Khair Foundation 01 £5.500, whoro Shualb Yusal is 8 pievious Trustee ol lh¢ Charty 8nd CEO al AJ-Khair Foundat￿. RESERVES POLICY Th• Trvslees aim to maintsin froe reserv8$ in unrestricted lunds at 8 Itvol which equates lo approximalety four months ol unreslri¢ted ¢haritable exp￿)di1Ul9. Tho Truslees have approved a roserve figure 01 £100,OC(I lor th& year Trust￿8, r•8pon$lb115tl•s statem•nt The trustees are responsible lor preparing th& Iw5tees' report and th8 financial slalemenls in accordance with applicab￿ law and VArted Kingdom Accountsng St8ndards (United Kingdom Generalty Accepted Accounting Pract￿¥}. The law applicable to charities in ErrfJland and Wal85 requires ihe charity trusteos to wepare financial statements for e8¢h year which givti a true and fair view of the state of affairs of the charity and of the incoming ￿SourceS and applub.on of resources. ol th8 charity for Ihal perit￿. In preparing these finarKial slatements, thè I￿￿tee5 are required to.. seleci suitable ac¢ounlin9 policies and Ihsn apply Ihem consL8tenUy: observè Ihg methods and prlnuplg$ in Ihe ap￿iCable Charilies SORP- maktr judgments and accounling e5trmates ihat are reasrmable and prLtdenl.' CROYDON MOSQUE & ISLAMIC CENTRE Truslees, Annual Report (continue Year ended 31 December 2023 slate whelher applicable UK Accounting Standarfs have been folbwèd, Subjecl to any material departures disclose(l and expLiined h) the ffinanrAal slalements.. prepare the financial slalements on the 90iny c¢yKern basis unlèss il 15 inappropriatè lo presume that th$ charity will conlinue in business. The truslees arè reSponsi￿e for k8eping adequate 8ccwnliThJ records that are sufficient to shcth and explain the charty's transactions and disclose wsth reasonable accuracy al any timè Ihg finanryal wsilion of the charity and enable them lo ensure that the financial slalements comply with ihe Charities Act 2011, the applicable Charrtte5 IAccoLtnts and Reports) Re9ulalions, and the provi&ons of the Tiu$l Deed. They are also respon&ble lor saleguarding the assets of the charity an¢J hen¢tr for tsking reasonable Sleps lor the prevenlKJn and delecb'on of fraud and other irregularities. Th8 trustees. annual r¥port was approved ￿ 31 October 2024 and 99ned on behalf of Ihg bo8rd of tru51ees by.. -II 31.2CE4 J3rf5Gim Mr Saqib Khan Trustee Mr Afzal Hussen Amirali Ahmed Ali Chaim)8n CROYDON MOSQUE & ISLAMIC CENTRE Independent Audltorfs Report to the Mombers of CROYDON MOSQUE & ISLAMIC CENTRE Year ended 31 December 2023 Oplnlon We have aud6ted the ffinancial statements of Mosque & Islam¢ Centre (the 'charity'l for the yt8r ended 31 December 2023 which wmprise of Slalement of Financial Activities (including Income expenditure a￿oUnt), Stslement of Flnand81 p0s￿On and notes lo the financial statements. including significant accounting Fdicies. The finan¢lal reporting framework that has been applied in thelr preparation is appllc8ble Jaw and United lQng(lom Accounting Standaids. induding Financial Rgportlng St8ndard 102 The Fln8n¢i81 Reportirvj Standartl applrable in the UK and Republic of Ireland IUntt•d Klngdom G8norahy A￿pIe￿ knounlng Prackn). In our oplnlon fin8nu•l statements.. • glve a true 8nd falr VI￿ of the stste of thè charity's affaks as al 31 December 2023. and of its incomin9 resources arKI applkallon of res￿re￿. Indudln9 Its IncoTh and expendlture. fcy the year I￿n en¢Je(l.. h8v6 b8en propgrty prepared kn acLordance wrth Unlt8d Kingdom Ggnorally A¢￿pted Accounting Pracilce.. 8nd have been prepared In ac￿r￿anCe wth the requiroments of th8 Charltks Act 2011. 8a•l• lor oplnlon Wo conducted our audll In accmlance Inl•mallDnal Standards on Audlling {UK) IISA8 {UKII and oppli¢able law. Our rgsponslbllities under those Stsndards are further dgscrfbe(I In Ihe audltorfs reSpon￿bil￿18$ for the audii of Ihe fin8rtial Statements section of our rewt. Wg org Indopendenl of the chadty In ac￿rdanCe the ethical rtquiremonts tho1 are le$￿•ThI to our audil of thg financlal statsments In Ihe UK. Including the FRC'S Ethl¢81 Stsnd8rd, and we hove lulf+lled our other ethlcal responsibilities in a¢wdan¢e with these raquifonwnls. Wt believe that thg audli evlaence we have obtslned is SLrffKiant aThJ 8pproprialè lo provid8 o basls for our opin*)n. Con¢luslon• r•latlng 10 9olng ¢onc•m In audrting thg financial slalements. we have conc4uded Ihat the trustees, Use of thè golng con¢em b881s of a￿D￿ntI￿a In the prep8ralhin of thg finowal stslemenls is approprlate. 80sgd on the work we hav* pgrfom*d, we have not Identif*d 8ny material uncert81n1￿ relallng lo events or condrtions th81. indivKlualty or collectivety. may cast siuMift8nl doubl on th8 charty'$ abiltty lo contlnue as a ping concem fw o pe￿d ol 81 least Iwefve months from when tho flnand81 $latem8nts are authorised for bssua. Our responSIb￿rtIeS and the res￿￿bIl￿ of tho trUSt￿S wllh TesF*cI ¢0 golrKd Cortem are dexrfbed In the relevant soctw)n$ of Ihis rewt. Oth•r Infomiatlon The othgr Infornialion comrThs tho Informallon Included in the annual report, tslhèr than finandal statemen15 and our auditor's thereon. The trustees awe responsible for other information. Our opin6on on the financi81 st8lements does not cover the other irrformation and, except lo the extent othe￿Is8 explicilty stated In ¢)ur rek>Jt, we do express any fom of 8S5urance Conclu￿on Ihereon. In ￿nnec￿On ￿ our audii of fln8naal Statements. our respowkllty is to read Ihg olher information and. in dc4ng so, consider wh91her the Ol￿r infomialion is m8teri8lly inconsistent with the financial statements or our knOw￿d98 obtsined in the audit or olheiwise 8ppeaTs to be materially misststed. If we identity such material Inconsister￿leS or apparent matgflal misslatemen15. we are required lo deternilne whether there i8 a material mtsst8lement in the financial statemen15 or a material misstslement of the othar infom181ion. If. based on Ihe WO￿ we have performed, wg conclude that thfjfe a material misstal8mont of oiher infOrm￿lon. ￿ are required to re￿ thal fact. CROYDON MOSQUE & ISLAMIC CENTRE Independent Auditorfs Report to the Members of CROYDON MOSQUE a ISLAMIC CENTRE (¢w Year ended 31 December 2023 We have nothing to rèport in this regard. Matters on whlch w• arn r•qulr•d lo r•port by •xc•pllon In the light of the knovledge and underslanding of the charity and Its environment obtalned In th course of the audit. we have r￿t 1dentrf￿d malerial misstaternents in the trusttes, rewt. We hav6 nothing to TeFort In respect of the folkmlng matters In relatlon lo whKh the Charilies Act 2011 requlres us lo report lo you il. in our opinion.. the Informatknn &wven In the Inths. report 18 Inc4)n￿lent tn any mèterfal respect th financial stat8m8nls.' or adequats accountSng I￿OrdS havè not been kept: or the financl81 stol•mBrts arg nol In awoom8nt tpllth Ihg ac¢ountlng fecords and relums.. or we hove not recelved all Iho Infrnlp)n and explanodc￿s V•* require kn our audlt. RMpoMlbllhlM of tr￿t• A8 explain8d mole fully in the trus1￿$. resp)nsibilities statgmonl, th8 trustees ara responslble for thè prep8ralion of the fin8n¢ig1 stslements and for ￿Ing satisfted thal Ihgy 9lve a true and falr vlew. and such Inlemal control as the trustees determin• is necessary lo enable the preparation of financial statoments that ar8 free from malwlal ml8Stalernnl. whthor due to fraud or error. In preparlng Ihe financlal slatem8nt¥, the Injslees are rnspongble lor assessing the Charfty's ¥billty lo continue as a go4ng concem, disck)sing, as app16¢ab￿. matters reloled to sY)ing ¢oncem and using the going concern basis of a¢¢ounbng unless tha Iwslees oithw intend to fiquldale the charlty or to operallons, or have no Teali$tk 8llemaliv8 but to do so. Audltorf8 r••pon•lbllltlM lor th• •udll ollh• fin•nclal •l•l•m•nts Our Ob￿￿1veS are to obtain reasonab￿ assuranc* 8boul whether tho fin8ncial st8lem8nts as a whole are free from malerial mlssl8lemenl, whether due lo fraud or error. and lo issue an audltor's rgport that includgs our oplnion. Reasonable 88sur8nce 65 a high ￿Ve1 of 8ssurnnce. bul 1$ not 8 guarantee that an aud+i C￿1￿¢18￿ in accordan¢g With ISA8 IUKI wlll a￿VaYS delecl 8 material mlsstalem8nl when it exlsls. Misstalemenls can arise from fraud OT 8wror and arg considered mateAal If. indlvldually or In th aggregate. they could reasonabty bg eXF*cl•d to influer￿a tho ec0Th)M￿ d•cislon$ of usors taken on the bas15 of these financlal statèments. Irre￿9111008, InclLKling fraLKI. are of nOn￿n￿O)r￿ with laws and regulat￿8. We deslgn procedurgs in line wth our respongbilili&s. ouuined above. Io tjelect material misststements in respect of irregularthes. including fraLKI. Ba￿￿ on our undersianding of Ihe Charity and Its acllvrties, we Identified that the prinople risk of nonacompli8n¢e with and regulatTrMs rekled lo th8 Charllgs Act 2011, the Chaiiti8s Siatgmenls of ReC￿nmend&d Practice. UK tax ￿lS181￿)n, pensions legislation, employment iegulalion and health ènd safety regulalion. anlpbribery. corruptl￿ and fraud, money laund&rtng and we consid8rod the extent to vthtch r¥y￿cl￿nP1Ian¢& might hove a matsrfal effect on the flnanclal ststements. We evaluated the trustees. and manag8menls' incentives and opportunities for fraudulgnl manipulation of the financial statements linduding the risk of ove￿id9 of conlrolsl and determlned that tho principle risk were related lo manual joumal gntries lo Manipu￿18 fin8ncial perfomianco, management bias through Judgements and assumptK)ns is swfficant accounting eslimales. in particular in relation lo use of reslricted funds, and signfftant one off or unusual transacllons. CROYDON MOSQUE & ISLAMIC CENTRE Independent Audltorfs Report to the Mombors of CROYDON MOSQUE & ISLAMIC CENTRE(¢￿￿* Yoar ondgd 31 December 2023 Our audlt procedures were dg4gnod lo response to ￿$0 K19n￿r￿ rfsk, irdudkng non￿)mplIanCe th law 8ntJ iegulations lirregularitiès) and fraud that re matsrial to financial slatemenls. audlt procedure Included bul wère ￿1 limiled to: DiscussSng with the Irust8es and managemwt thelr pofKles procedure r8g8Tding COmp￿an09 law and regulations.. Communicating idenlifrtd laws and r8gulaDons throughout our 8ngagoment team and remalnlrg 81tsrt to any indicaltons of norFcompliance throughout our audrt: and Considering the risk of by thè Charity which were contrary lo applublelows and regulations, Including fraud. Our audll Pr￿duleS in relation lo fr￿￿[ IrKILwJ8d trmrt wdre not Iwnilod lo: Makln9 enqulrfès of th6 trustees ond management on wthether they had knrmlodge of any actual. SUSP8Ctod or ajleged fraLKI; Galning an understandlng of the Int•mg10)ntrol8 establishod to mltlgate ￿Sk$ lo fraud., Discussing amongst the ongagemenl tgam the rlsks of fraud: and Addressirwj tho r*ks of fraud thtough manapmonl ovenlde of controls by pgrfom)Ing loumal entry testing. Thgre are knhorenl lIn￿latIOnS In tho audlt procathKe8 de8c￿bod abov• and the pdmary responsibl￿ty for the prevenlbn and detect￿ of irrgguiafitles induding fraud rests with managomenl. As wlth any audit, thgre rem8lnod a risk of nOTrdgt8￿W￿ of irregularities. as Ih8s8 may Involv• cdluslon, forggry. Intenllonal omI￿lon$. mlsrepresenlations or the Ovefride of inlem81 controls. A descrptlon of our reSp￿sIbIlI1&S fry the aud6t of thg 1kngnc￿1 stalomenl818 loc818d on lh• Finan¢lal Reportlng Coundl's wewe at w•M.frc.org.ukJaudit(KsrnsponsibllMl•s. This d•scrtptlon forms P8rt of our aud4tor's report. We communl¢8le those charggd with o)v8mance regardlng. among other mattets, the planned scopg and Ilming of the audrd and ￿gnIficant audit firKlings. In¢￿dIng any significant deficiencSe$ In Ini•mal Control th81 we ldtn￿fy duvlng our aud U•0 of our r•port Thls ￿port is made sofety to the c*t8rit￿$ mémbws, as a boty. In 8ccordartè vAth sgctbn 144 of the Charltles Acl 2011 8nd rwlations ma(le under section 154 of thal A¢t. Our audit work has been underiaken so that we mlghl state to the chanty's m&mbeTs those matters we 8re ￿quired lo slate to them in an ?u¢Jilorfs report arKI for no olher purFose. To the fu118St exlent pemiltted by law. we do not accept or assum8 responsibility lo anyone 0th8r than the charity and th8 charty'$ memb&rs a8 a body, for our audit work. for thL8 report, or for the opin￿]nS we hove fom*d. Sa￿em1 AssOQ3te5 Chartefed Actountsnts & statulory aL*J 7WL WKkh•m Ro8d Clo￿On CRO 8EA Dale= 05 Novamber 2024 Saleeml Associates Is eligiblè lo act a5 an aLhJitor In terms of section 1212 of the Companies Act 2006 CROYDON MOSQUE & ISLAMIC CENTRE Statement of Financlal Activities Year ended 31 December 2023 2023 Reslricled Endowmenl funds funds Total funds Total fvnd$ 2022 Unrestricied fvnds Not• Inc(xn• and endowm•nts Donations and legacles Charilable activities Other trading activities Investment inco 394.237 20.001 14.442 80.800 57.941 452,178 20.001 19.942 80,800 395,180 18,084 12,344 85,900 Total Incom• 509,480 63,441 572.921 511,508 Exp•nditur Expenditure on raising fvnds.. Costs of other trading aclivrties Expendilure on charitable activ1￿8$ 11,994 11.994 11.396 9,10 370.114 70.447 27.188 467,750 398,409 To¢al exp•ndStur• 382.108 70.447 27.188 479,744 409,805 N•t Income and n•t mov•m•nt In fund• 127.372 17,0061 127,1881 93,177 101,703 R•¢onclllatlon of fund$ Total funds brought forwar(I s previously r¢porled Prior yeor adjustment Tolal lunds broughl lorw¥r a$ re5tsted 322.899 364.994 4.680,437 117.2681 17.268 5.388,330 5,268,626 305.631 382.262 4,680,437 5,368,330 5,266,628 Total funds earrl•d forward 433.fy)3 375.256 4.853,249 5.461,$08 S.368,330 The stolemenl of finandal ac1m1￿ inckjdes al galns and losses recoJnl$gd in the ye8r. All income and expenditure derive from cc*)tinuirg ath'vilies. Th• not•s on page$ 12 to 23 ftsnn part of these hnan¢i•l statements. CROYDON MOSQUE & ISLAMIC CENTRE Statement of Flnancial Posltlon 31 December 2023 2023 2022 Not• Flxgd assets Tangible fixed assets Investments 15 16 2.730.671 2,165.000 2,765,471 2,165,000 4,895,671 4,930,471 CurT?nt assets Slctks D8blors C85h at bank in harmj 17 18 22.705 96,S86 497,920 21,439 54,065 403,215 617.211 478,719 Cr•dltors'. amounts tslllng due wlthln on• year N•t current as￿15 46.145 40,861 571,066 437,858 Total assets l•ss ¢urr•nl Ilablllll•s 5,488.737 s.￿8,329 Crodllors.. amounts falllng du• aft•r mor• than one y•ar 5,230 Net as$•t$ S,481,507 5.368,329 Fund8 of th• ehorl¢y Endowm¢nl IiJnd5 Reslricled funds unreStr￿ted fvnds 4.853.249 37S,256 433,003 4,880,437 364,994 322.899 Total charlty funds 5,461.508 5,368.330 These finanaal siatgmenls were approved by tr￿ boafd of Irusteos and authorised for issue on 31 October 2024, and aro sb3ned on behaK of Ihe board by: Mr Saoib Khan TNslee Mr Afzal Hussen Amrali Ahmed Ali Ch8irman The not•S *)n pages 12 to 23 fomi p•rt of th?se financlal ststement5. 10 CROYDON MOSQUE & ISLAMIC CENTRE Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operating actlvitles Nel incomo 93,177 101,703 Adjustm&nls f￿." Oepreciation of taThJible fix8(1 a85ets Dbvidends, interest and ￿nIS from inveslments crued expensss 34.800 180.8001 3.168 35,928 185,9001 15,063 Changes in.. Stocks Trade and other debtors Trade and olher creditors {1.28fj1 142,5211 7.346 2,568 124,5281 126,1051 18.729 Cash general•d from operations Nel cash from oporabng activities 13,904 13,904 18,729 Cash fl¢)ws frt)m Inv•$tlng actlvltF•s Dividends, inlerèsl and rents from inve5trn￿ts Nel cash from Investing actfvit6&s 80,800 85,9LTr) 80,600 85.bl)O Co8h flows from ftnonclng actJvttl•i prC￿eedS from borrowings Nel cash u￿a in fmancin9 a¢tiviiies 1209.8851 1209,B651 N•1 Incr•as•lld•¢r•ao•l In cuh and cash •qul¥aknts C*8h and cash •qul¥al•nt8 at b•ginnlng of y•ar Cash and •qulval•nts •t ¢nd ol y•ar 94,704 403,215 1105.2561 508,470 497,919 403,215 Tho notes on pag05 12 to 23 fomi part ol thes¢ financial 51atements. 11 CROYDON MOSQUE & ISLAMIC CENTRE Notes to the Financial Statements Year ended 31 December 2023 Génèral Informatlon The chafity is a publ￿ benefit enity and a registered charity in England and Wates and is nincorporated. The addres5 ol the prirripal offts 15 525 London Roa¢J. Thomton heath. Surrey. CR7 6AR. Statom•nt of compllan These financial statements have been Pfepored in compliance wth FRS 102, 'The Flnan¢ial Reporting Standard applicable in the LIK and Ihe Republic of I￿18nd., the Statement of Recommended Practice applicable to charities pwarin9 their accounts in accordance with the FinanGial Repcffting Slandard appluble in the VK and Republ￿ ol I￿10nd IFRS 1021 Icharititss SORP IFRS 10211 and Iho Charities Aci 2011. A¢¢ountlng pollcl•s Ba81s ol pr•p*ration The finanaal stalemtrnts have been pr•pared on the histUiC81 cost basis. as m¢rfJified by the r•valuation of cerlain financkal asse15 and liabilttkns ond investmenl propertitrs rneasured al falr V8lue through incom• or expenditufe. The financial statements ar• wepared in stefts'n9. wh￿h is the funcilonal currency of the enllty. Golng canum There are maleriol un¢ert8inties aboul the charity's ab'lty to conb"nue. Fund •¢¢ounllng Unrestricted funds aro available fry uso ¥1 the disuetson of the trustees to further any of the charty's purposes. De￿nated funds are unreslricied funds •armarked by lh& twsl•o8 for particular fuluffj project or commitrnfjnl. Resh'cted funds arè subjected to restrictlons on iheir expendrtur¥ decla￿ by the donor or Ihrou9h th• tèms of an appeal. and fall inlo one of two sub-dasse5'. restn'ctod Income funds or end¢)wmenl lund3. 12 CROYDON MOSQUE & ISLAMIC CENTRE Notes to the Flnancial Statements (conth Year ended 31 December 2023 Accountlng poll¢lo$ (¢¢WinuodJ IncomSng resourc•s All incomlng resources are irKI￿le￿ in the statement of finanaal activities when enirtlement has passed lo the charity,- il is probabl& that the econom￿ benefits 8ssocialed wth the transaction will flow to the ¢h8rity and the am*￿￿1 can be reliably measured. The followin9 specific policies ar8 applled to particular calwes ol income.. Income from donations or grants is reccgnised when the￿ is evid¢r￿8 of entitlement to tha glft. r￿elp1 is and rt$ am￿nt can be mea$ur¢d reliably. legacy In¢(xne is recconised when receipl is probabb and entiuemenl is established. income fvom donated goods is measured al thè lair value of the goods unless this IS impractical to measure reliabty, in wh￿h case the value is deriv￿ frryn the cost lo the donor Of the èstlmaled resale valuè. Oonated lacililies and services are reccgnised in the accounts when received il th$ value can be rehabty measured. No amounls ar8 included for the contribution ol genèral vc4unteefS. Income from contracts fty the suppty of Servic￿ 1$ recogni8ed wlth the dellvery of ihe contracted service. This is cLa$sified as unreslricled funds unless there is a conlraclual f•quirom¥nl lor rt to be spent on 8 par￿ulaT PUfPOSe and retumed rf UnS￿nI, in whKh case rt may be regarded as restrided. R•sourc•s •xp•nd•d Expenditure13 reCCgnts￿ on èft acc￿81$ basts as a li8bilty is Incuffed. ExF4ndMure Includes any VAT whlch cannot be lully recovered. and 18 da351f￿d und•r he8dtThJs of the s¢g14m¢nl of financial a¢twilies to which il r8lat¥s' expendrture on raisirKJ hjnds Indudes Ihe costs of all lundr8i&ThJ 8CtNltle$, events, non-¢harilable tradirKJ activititss. arHJ the sal8 ol donaled goods. •xpenditure on charttablo activi￿ indudes all o)8ts incurred by a charlty In undertaking aclivrties that lurther ils charitable aims for Ihe benefil of it$ beneficiaries. including those support costs and costs relating to thtr govemance ol Iho ¢haiiiy apporlioned to ¢haritable aciivrties. other oxpenditure includes all expenditure that is nwthor fylaled to r8i%ng fvnd3 for the ¢har¢ty nor part of its expendiiure on ChaiitaUe ac11￿lieS. All costs are allocated to expéndilure calegories rellething ihe Ltse ol the resource. Direct costs attributsble lo a single activity are allocated directly to Ihat activity. Shai¢d costs are apportw)n&d be￿een the aclivilies they contribute to on 8 rea%￿able. justsfiable 8nd consi5tenl basis. T•nglble a8S•ts All fixèd assets are initially record￿ al ts)st. 13 CROYDON MOSQUE & ISLAMIC CENTRE Notos to the Financial Statements Ic¢ Year ended 31 December 2023 Accountlng pollcl•¥ (contiThM D•preclatlan 0epreryat￿ ts cal¢ulaled so as lo write off the w5t or valuation of an asset. less its residual value. over the useful econcffiic lrfè of Ihal assel as follw: Freehold property Fixtures and fi￿.ngS Motor v8hicles Equipmenl Compulgr equipment 1% rèduciro balance 10% reduung balance 25Vo reduung balance 10% rèducing balance 33% redUc￿g balance Inv•stm•nt$ Listed Investm￿t5 are measured al fair value with changes in fair valije beirvJ reco9nised In profit or loss. Inve$im•nt prop•rty Investrnenl property is Initialty recorded at cosi. whi¢h inckjdes purchase Pr￿ and any dlrectly ¥ltribuiable expenditure. Invèstment property is revalued lo ft5 value al gach rerMYtirvJ date ¥ny d)aryJes in fair value are reco9nise¢J in income or expendrturo. If 8 reN8bl8 measure of fair Val￿ i8 no lorvJer ￿aIlabl8 wilhoul undue cost or effort for an item of i)veslmenl property, il shall be transferred to tsn9•b￿ 8ssels and Irèalod 85 8uch until it is expected Ihal lair value will be ieliably measurable on an on4Join9 basbs. Inv¢$tments Sn as8ocl*t•$ Investments in associales accounted for in a¢u)rdance w6th th0 ¢osl mojel are rocorde(l al cost less any accumulated impaimoni losses. Investm•nls li assttiate5 acco￿1811 for in aCCOfdance wth Iho tsir value model ar• knitlalty recorded at the transaction prtce. At ea¢h rewbTrJ date, ihe inv$$lmenls are measured al 18ir value, with changes in fair value taken thiough incomtr or expenditure. Wher6 il 1$ irnprac(icable lo measure lalr valug r&liabty wilhoul undue cost or effort. the cost model wll be adopled. Dividends and other dislribui￿s received from Ihe investmenl are reccgnlsed as in¢ome wllhout regard to whether the distributions are from 8¢¢umulaled profits ol thè a$x4ate arising b8for• or after the dale of 8¢quisilKJn. Inv••tm•nts In lolnt v•ntur¢s Invastmen¢s in jointly contrc418d enlities accounted in acc4xd8nce wlth th& cost model are recorded at cost less any accumulated Impainy￿nllOS￿e5. Investments in jThntty controll8(l ent￿eS accounted lor in accordance wilh the fair value model are iftilially recorded al the transa￿lOn price. At each reporting dale, Ihe investmènts are measured 81 fair value, wrth d)anges in fair value taken Ihrough ino)me or expènditure. Where il Is impracticable lo measure fair valu¢ reliabty wittioLrt undue cost or eff(xt, the cost modèl will be adopted. 14 CROYDON MOSQUE & ISLAMIC CENTRE Noles to the Flnancial Statements Year ended 310ecember 2023 Accountlng pollclos {¢.. 2023 2022 Depre¢lali￿ of tan9}￿e fixed assets 34,800 35,928 12. Audltors r•muneraiion 2023 2022 Fee5 payable for th& audit of the finandal statemenls 3,000 3.000 13. Staff cost$ The tolal staff costs and employee b8n8fits fty the reportiThJ p&rfod ar• 8naly5ed as follows.. 2023 2022 Wages and salarns Social s8oJrfty costs 233.341 22,750 203,273 14.546 256,091 217,819 Adminislration functions ère carried oul by ￿n￿ld volunteers. Th¥ average head count of employees dL¢ring the y￿r was 3512022.. 351. No employee re¢e4ved employee benefi1$ of more Ihan £eiJ,cw t1uring th8 year (2022.. Nill. 14. Trustee r•mun•r#tion and •xp•ns•s During the year the Charity w83 under Ihe C￿trOl of Truslees and Management Commitlg8 members as li$led on page 1. NO￿ ol Ihe trustee or managemenl committee memb•r were remunerated or paid any expens8s CROYDON MOSQUE & ISLAMIC CENTRE Notes to the Financial Stslements icorfhMx•d) Year ended 31 December 2023 15. Tan9lbl• fixgd assets User defined 855et Land and Fixlure$ twildings and frttin98 Motor vehicles Equipment Totsl Cost At l Jan 2023 and 31 Dec 2023 2,793.273 Depreclalion At 1 Jan 2023 Charge fof lh¥ year 175,611 17.774 122.778 20,685 3,130,121 101,625 136.354 16,342 89,708 20.621 364,650 27.189 3.925 3.307 21 34,800 At 31 DK 2023 128.814 140,279 16,700 93.015 20.642 399,450 Carrylng amount At 31 D•e 2023 2,664,459 35.332 1,074 29,763 43 2.730,671 Al 31 DeG 2022 2.691,648 39.257 1,432 33,070 64 2.765,471 Abov& Fr¥ehold Properties r￿Ure excluda InvestedlRenled pfoperties and indude 525 London Road only. Title Deeds relating to all the properfies, namely, 525 London Road, 76 St. Paul's Road.1 Dunhev8