2023-07-31-accounts

Charity number: 293712

Colchester Islamic Cultural Association

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 July 2023

Colchester Islamic Cultural Association Contents Page For the year ended 31 July 2023

Report of the Trustees	1
Independent Examiner's Report to the Trustees	2
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5 to 6
Detailed Statement of Financial Activities	7

Colchester Islamic Cultural Association Report of the Trustees

For the year ended 31 July 2023

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 July 2023. 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

The objectives of the Charity are to:

1) To advance the Islamic religion according to Quran and Sunnah; and

2) To advance the education of Muslim children in accordance tenets and doctrines of Islam.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Colchester Islamic Cultural Association Charity registration number 293712 Principal address 2 - 3 Priory Street Colchester Essex CO1 2PY

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr Faisal Kamal Ahmed Mr Hussain Ahmed Mr Lokman Ali Mr Mohamed Koysor Chowdhury Mr Ishtiak Hussain Mr Dilu Miah Mr Abdullah Al Numan Mr Abdul Mutakabbir Mr Mishba Uddin Senior management Mohamed Koysor Chowdhury (Chairman) Independent examiners EMA Squared 110 High Street Earls Colne Nr. Colchester Essex CO6 2QX

Approved by the Board of Trustees and signed on its behalf by

.............................................................................

Mr Mohamed Koysor Chowdhury

28 April 2024

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Colchester Islamic Cultural Association

Independent Examiners Report to the Trustees

For the year ended 31 July 2023

I report to the trustees on my examination of the accounts of the charity for the year ended 31 July 2023.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

EMA Squared 110 High Street Earls Colne Nr. Colchester Essex CO6 2QX

28 April 2024

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Colchester Islamic Cultural Association Statement of Financial Activities

For the year ended 31 July 2023

	Notes	Unrestricted	2022
		funds
		£	£
Income and endowments from:
Donations and legacies		132,243		69,446
Other income		33,995		63,648
Total		166,238		133,094
Expenditure on:
Charitable activities
Activity 1		(137,141)		(54,501)
Total		(137,141)		(54,501)
Net income		29,097		78,593
Reconciliation of funds
Total funds brought forward		694,919		616,326
Total funds carried forward		724,016		694,919

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Colchester Islamic Cultural Association Statement of Financial Position

As at 31 July 2023

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 4 Net assets The funds of the charity Unrestricted income funds Total funds	£ 2023 671,489 671,489 96,019 96,019 96,019 767,508 (43,492) 724,016 724,016 724,016	£ 2022 671,489
		671,489
		83,572
		83,572
		83,572
		755,061
		(60,142)
		694,919
		694,919
		694,919

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr Mohamed Koysor Chowdhury Trustee

28 April 2024

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Colchester Islamic Cultural Association

Notes to the Financial Statements

For the year ended 31 July 2023

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 2015)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

Colchester Islamic Cultural Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Particulars of employees

	2023		2022
Imam		1		1
		1		1

3. Tangible fixed assets

Cost or valuation At 01 August 2022 At 31 July 2023 Net book values At 31 July 2023 At 31 July 2022	Land and Buildings £ 671,489
	671,489
	671,489
	671,489

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Colchester Islamic Cultural Association

Notes to the Financial Statements Continued

For the year ended 31 July 2023

4. Creditors: amounts falling due after more than one year

Other creditors Due wholly or in part by instalments: Others Due otherwise than by instalments: Others	2023 £ 43,492 43,492 - - - -	2022 £ 60,142
		60,142
		47,494
		47,494
		47,494
		47,494

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Colchester Islamic Cultural Association Detailed Statement of Financial Activities

For the year ended 31 July 2023

INCOME AND ENDOWMENT Donations and legacies Donations Standing Order Cash & Direct Deposits Other income Grants Received Total incoming resources EXPENDITURE Charitable activities Donations made SUPPORT COSTS Premises Premises Staff costs - wages & salaries Heat and Light Telephone & Internet Premises and Employers Insurance Legal fees Mosque Supplies Accounting Fees Professional fees for Building works Architect Maktub Costs Imam fees Teacher Fees Total resources expended Net Income	£ 2023 (1) 9,500 122,744 132,243 33,995 33,995 166,238 (14,586) (14,586) (565) (22,692) (1,929) (893) (1,000) (16,934) (20,068) (1,035) (33,229) - (4,578) (11,743) (7,889) (122,555) (137,141) 29,097	£ 2022 (1) 10,236 59,211
		69,446 63,648
		63,648
		133,094 -
		- - (17,421) (2,858) - (800) (6,482) (4,719) (900) (1,700) (19,621) - - -
		(54,501)
		(54,501)
		78,593

7 of 7 This page does not form part of the statutory financial statements