Charity registration number 1143215
Company registration number 07586629 (England and Wales)
ISLEWORTH DEEN CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ISLEWORTH DEEN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M Rahman - Director and Trustee
I M Monaf - Director and Trustee
M S Islam - Director and Trustee
M A S Ansarey - Director and Trustee
M A R Ali - Director and Trustee
M M Rahman - Director and Trustee
M M Rahman - Director and Trustee
(Appointed 8 October 2023)
A M Hussain - Director and Trustee
(Appointed 8 October 2023)
Charity number
1143215
Company number
07586629
Registered office
The George
114 Twickenham Road
Isleworth
TW7 7DJ
Independent examiner
Ahmed & Co
284 Station Road
Harrow
Middlesex
HA1 2EA
ISLEWORTH DEEN CENTRE
CONTENTS
Page
Trustees report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 13
ISLEWORTH DEEN CENTRE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objectives are:

 

 

The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summaries below, provide benefit both to those who worship at our Friday prayer and the wider community of West London.

 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Financial review

The results for the year are set out on 4.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

ISLEWORTH DEEN CENTRE
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
M Uddin - Director
(Resigned 8 October 2023)
M A Syed - Director and Trustee
(Resigned 8 October 2023)
M Rahman - Director and Trustee
I M Monaf - Director and Trustee
M S Islam - Director and Trustee
M A S Ansarey - Director and Trustee
M A R Ali - Director and Trustee
M Islam - Director and Trustee
(Resigned 8 October 2023)
M M Rahman - Director and Trustee
M M Rahman - Director and Trustee
(Appointed 8 October 2023)
A M Hussain - Director and Trustee
(Appointed 8 October 2023)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees report was approved by the Board of Trustees.

A M Hussain - Director and Trustee
Trustee
Dated: 21 January 2025
ISLEWORTH DEEN CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ISLEWORTH DEEN CENTRE
- 3 -

I report to the trustees on my examination of the financial statements of Isleworth Deen Centre (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Ahmed & Co
Tofail Ahmed
284 Station Road
Harrow
Middlesex
HA1 2EA
Dated: 21 January 2025
ISLEWORTH DEEN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
188,577
132,342
320,919
119,229
69,054
188,283
Charitable activities
4
41,302
-
41,302
37,778
-
37,778
Total income
229,879
132,342
362,221
157,007
69,054
226,061
Expenditure on:
Raising funds
5
1,246
-
1,246
2,885
-
2,885
Charitable activities
6
80,813
30,560
111,373
52,783
23,940
76,723
Total expenditure
82,059
30,560
112,619
55,668
23,940
79,608
Net income and movement in funds
147,820
101,782
249,602
101,339
45,114
146,453
Reconciliation of funds:
Fund balances at 1 April 2023
214,277
860,783
1,075,060
112,938
815,669
928,607
Fund balances at 31 March 2024
362,097
962,565
1,324,662
214,277
860,783
1,075,060

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ISLEWORTH DEEN CENTRE
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
1,440,441
1,195,306
Current assets
Debtors
13
6,100
11,169
Cash at bank and in hand
146,708
54,445
152,808
65,614
Creditors: amounts falling due within one year
14
(268,587)
(185,860)
Net current liabilities
(115,779)
(120,246)
Total assets less current liabilities
1,324,662
1,075,060
The funds of the charity
Restricted income funds
15
962,565
860,783
Unrestricted funds
16
362,097
214,277
1,324,662
1,075,060

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 21 January 2025
A M Hussain - Director and Trustee
Trustee
Company registration number 07586629 (England and Wales)
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
1
Accounting policies
Charity information

Isleworth Deen Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is The George, 114 Twickenham Road, Isleworth, TW7 7DJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

 

Tuition fees are recognised when entitlement has occurred. Tuition fees are receivable on a monthly basis.

 

Grant received are recognised when they are received.

1.5
Resources expended
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Input vat are not claimable and therefore included in the cost to which it relates.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Allocation of costs

Cost are allocated between restricted and unrestricted funds in accordance with the terms of the income. Where the expenses are mixed, they are apportioned between the categories according to the income they relate.

Support costs

Support costs are those functions that assists the work of the charity but do not directly undertake charitable activities. Support costs include costs such as finance, admin, salaries which relates to the day to day running of charity.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation

No depreciation is provided in respect of the charity’s freehold property. This is due to the fact that the expected useful life of the property is very long and the charity have a policy of a regular maintenance and repair, this cost is written off in the accounts as and when they are incurred so the property is maintained at a high standard, because of this, the trustees consider that the estimated residual value of the property is not materially different from its carrying value and as such any resulting depreciation charge would be immaterial and it is therefore not provided.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -
1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11

Loans

Loans received are recognised at the date of the receipt.

Qard Hasanah (private loans) is an interest free loans and they are recognised when received and recorded within creditors less than year or more than one year as per the contract.

ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
188,577
132,342
320,919
119,229
69,054
188,283
4
Income from charitable activities
Saturday School
Saturday School
2024
2023
£
£
Sales within charitable activities
41,302
37,778
Analysis by fund
Unrestricted funds
41,302
37,778
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
1,246
2,885
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
6
Expenditure on charitable activities
Saturday School
Saturday School
2024
2023
£
£
Direct costs
Staff costs
20,904
20,716
Room hire
17,459
13,542
Computer running costs
3,334
2,119
Marketing and advertising
19,422
5,782
Consultancy fees
4,212
2,045
Repair and maintenance
1,555
1,641
66,886
45,845
Share of support and governance costs (see note 7)
Support
13,927
6,938
Governance
30,560
23,940
111,373
76,723
Analysis by fund
Unrestricted funds
80,813
52,783
Restricted funds
30,560
23,940
111,373
76,723
7
Support costs allocated to activities
2024
2023
£
£
Staff costs
83
64
Light and heat
2,070
2,036
Telephone
1,089
886
Bank charges
4,754
841
Rates
3,284
3,111
Sundry expenses
2,647
-
Governance costs
30,560
23,940
44,487
30,878
Analysed between:
Saturday School
44,487
30,878
8
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
12
12
Employment costs
2024
2023
£
£
Wages and salaries
20,904
20,716
Social security costs
83
64
20,987
20,780
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

11
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 April 2023
1,195,306
Additions
245,135
At 31 March 2024
1,440,441
Carrying amount
At 31 March 2024
1,440,441
At 31 March 2023
1,195,306
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,300
11,169
Other debtors
2,800
-
6,100
11,169
14
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
25
(9)
Other creditors
268,562
185,869
268,587
185,860
15
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
860,783
132,342
(30,560)
962,565
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
815,669
69,054
(23,940)
860,783
16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
214,277
229,879
(82,059)
362,097
ISLEWORTH DEEN CENTRE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16
Unrestricted funds
(Continued)
- 13 -
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
112,938
157,007
(55,668)
214,277
17
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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