

			Company registration number:02142791






		THE SOUTH WALES ISLAMIC CENTRE

			FINANCIAL STATEMENTS

			FOR THE YEAR ENDED 31 March 2026



THE SOUTH WALES ISLAMIC CENTRE

BALANCE SHEET

AS AT 31 March 2026


		2026		2025
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	3		850,873		568,494

			850,873		568,494

CURRENT ASSETS
Debtors	4	1,936		1,705
Cash at bank and in hand		91,757		90,396

		93,693		92,101

CREDITORS
Amounts falling due within one year	5	(1,375)		(3,423)

NET CURRENT ASSETS			92,318		88,678

TOTAL ASSETS LESS
CURRENT LIABILITIES			943,191		657,172



NET ASSETS			943,191		657,172



CAPITAL AND RESERVES
Called-up equity share capital	6
Other Reserves			1,005,294		712,294
Profit and loss account			(62,103)		(55,122)

SHAREHOLDERS FUNDS			943,191		657,172


For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.


The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.


These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 15 October 2026 and signed on its behalf.


The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.


..........................................................................
Zakarya Al-Shameri

15 October 2026
The annexed notes form part of these financial statements.



THE SOUTH WALES ISLAMIC CENTRE

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Share	Share	P and L	Revaluation	Other	Total
	Capital	Premium	Account	reserve	reserves	equity
	£	£	£	£	£	£

Changes in equity
Total Comprehensive Income	0	0	(14,442)	0	0	(14,442)

Changes in equity
Total comprehensive income	0	0	(6,980)	0	0	(6,980)

THE SOUTH WALES ISLAMIC CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Accounting policies

Statutory information

The South Wales Islamic Centre is a charitable company, limited by guarantee and not having a share capital, registered in England and Wales. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

Turnover

Turnover comprises income from voluntary donations, membership fees, grants and miscellaneous income.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 10% reducing balance basis

Freehold buildings - 2% reducing balance basis

Government grants

Government and similar grants made towards the cost of acquiring fixed assets are taken to income and expenditure account over the useful life of the asset concerned. The amount of the grant still to be taken to income and expenditure account is shown in the Balance Sheet as a deferred credit. Where a grant for capital expenditure has been received, if there is no restriction on the use of the asset, these funds are treated as unrestricted funds when the asset has been purchased or obtained.

Deferred Taxation

The committee of the Islamic Centre applied to the Charities Commission for the Centre to be accepted as a Registered Charity and was granted this status on 15 September 1987 (Charity Number: 519043).

Employees

The average number of persons employed by the company (including directors) during the year was 7.



3.	Tangible fixed assets

		Land/Buildings	Plant	Total

	Cost
	At start of period	853,372	83,012	936,384
	Additions	294,149	8,279	302,428
	At end of period	1,147,521	91,291	1,238,812

	Depreciation
	At start of period	309,478	58,412	367,890
	Provided during the period	16,761	3,288	20,049
	At end of period	326,239	61,700	387,939

	Net Book Value
	At start of period	543,894	24,600	568,494
	At end of period	821,282	29,591	850,873



4.	Debtors
		2026	2025
		£	£
	Due within one year
	Other Debtors	1,936	1,705

		1,936	1,705



5.	Creditors due within one year
		2026	2025
		£	£

	Other creditors	(1,745)	302
	Accruals and deferred income	3,120	3,121

		1,375	3,423


6.	Share capital	Alloted, Issued and fully paid
		Alloted, Issued and fully paid
		2026	2025
		£	£