INTERNATIONAL ISLAMIC LINK
Charity No. 1043580
Trustee's Report and Unaudited Accounts
31 March 2024
Matplus Chartered Accountants
22 Watford Road, Sudbury
HA0 3EP
INTERNATIONAL ISLAMIC LINK Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Page 1
INTERNATIONAL ISLAMIC LINK Trustees Annual Report
The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1043580
Principal Office
Babul Murad Centre 852-858 Harrow Road Sudbury Middlesex HA0 2PX
Trustee
The following trustee served during the year:
Mr S Z Razavi
Dr F M H Abbas Mr S A Mehdi Mr H W Syed Mr S S Razavi Mr S Hussain Mr S G Askari Mr S V Hussain Mrs S I F Mohamed Mr M M Hasan
Accountants
Matplus Charterd Accountants 22 Watford Rd Sudbury Town Wembley HA0 3EP
OBJECTIVES AND ACTIVITIES
The Charity is governed by the constitution adopted on the 31st of December 1994.This was registered by the Charity Commission of England and Wales on the 24th of January 1995. Commission of England and Wales on the 24th of January 1995.
To promote the Religion of Islam, to relieve poverty and to advance the education of the public in the United Kingdom and overseas.
To publish, produce and to assist in the publication, production and distribution of books, literature, periodicals,journals, booklets, posters, pamphlets, films, slides and audio/visuals aids and any such other required from time to time.
To hold lectures, conferences, meetings, seminars, conventions and discussions.
To establish and assist in the establishment of any religious and secular educational and religious institutions, like libraries, study room, centres, classes, workshops and any other such institutions as appropriate.
To provide for needy students and other, grants, loans and any other assistance whatsoever, for the furtherance of the above stated aims.
ACHIEVEMENTS AND PERFORMANCE
Donations are raised through contacts the trustees have with potential donors and the public.
FINANCIAL REVIEW
Page 2
INTERNATIONAL ISLAMIC LINK
Trustees Annual Report
A review of the charity's financial position consider the performance of the charity to be satisfactory.
Donations from the public and cash raised from fund raising events continue to be the source of the Charity's general fund to meet on-going and future projects and activities. Sound financial management and generous support of volunteers continues to be the cornerstone of the charity.
PLANS FOR FUTURE PERIODS
The Trustees look forward to another year of activity with a focus on educational activity for adults and children.
With a view to grow secular courses offered by the Charity which improves the educational standing of the community in general and In line with its long term strategy the Charity continues to build its reserves and is planning to develop a purpose built centre better suited to deliver all its activities and objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 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 United Kingdom.
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed
S.Z. Razavi Trustee 07 February 2025
Page 3
INTERNATIONAL ISLAMIC LINK Independent Examiners Report
Independent Examiner's Report to the trustee of INTERNATIONAL ISLAMIC LINK
I report to the trustees on my examination of the financial statements of INTERNATIONAL ISLAMIC LINK for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements 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 examiner's statement
As 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 by being a qualified member of Matplus Chartered Accountants.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Mr Arifali Punjani Matplus Charterd Accountants 22 Watford Rd Sudbury Town
Wembley HA0 3EP 07 February 2025
Page 4
INTERNATIONAL ISLAMIC LINK Statement of Financial Activities
for the year ended 31 March 2024
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Raising funds 4 Other 5 Total Net gains on investments Net expenditure 6 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Restricted funds |
Total funds | Total funds | |
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| 150,251 | 60,341 | 210,592 | 213,692 | ||
| 63,835 | - | 63,835 | 66,275 | ||
| 214,086 | 60,341 | 274,427 | 279,967 | ||
| 67,112 | 36,589 | 103,701 | 111,143 | ||
| 197,644 | - | 197,644 | 177,839 | ||
| 264,756 | 36,589 | 301,345 | 288,982 | ||
| - | - | - | - | ||
| (50,670) | 23,752 | (26,918) | (9,015) | ||
| - | - | - | - | ||
| (50,670) | 23,752 | (26,918) | (9,015) | ||
| (50,670) | 23,752 | (26,918) | (9,015) | ||
| 1,866,351 | - | 1,866,351 | 1,875,366 | ||
| 1,815,681 | 23,752 | 1,839,433 | 1,866,351 | ||
Page 5
INTERNATIONAL ISLAMIC LINK Balance Sheet
at 31 March 2024
| at 31 March 2024 | |||
|---|---|---|---|
| Charity No. 1043580 | 2024 | 2023 | |
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 8 | 2,849,325 | 2,849,869 |
| 2,849,325 | 2,849,869 | ||
| Current assets | |||
| Debtors | 9 | 33,782 | 33,782 |
| Cash at bank and in hand | 19,005 | 105,288 | |
| 52,787 | 139,070 | ||
| Creditors:Amount falling due within one year | 10 | (14,518) | (7,238) |
| Net current assets | 38,269 | 131,832 | |
| Total assets less current liabilities | 2,887,594 | 2,981,701 | |
| Creditors:Amounts falling due after more than one year | 11 | (1,048,161) | (1,115,350) |
| Net assets excluding pension asset or liability | 1,839,433 | 1,866,351 | |
| Total net assets | 1,839,433 | 1,866,351 | |
| The funds of the charity | |||
| Restricted funds | 12 | ||
| Restricted income funds | 23,752 | - | |
| 23,752 | - | ||
| Unrestricted funds | 12 | ||
| General funds | 1,815,681 | 1,866,351 | |
| 1,815,681 | 1,866,351 | ||
| Reserves | 12 | ||
| Total funds | 1,839,433 | 1,866,351 | |
| Approved by the trustees on 07 February 2025 |
And signed on their behalf by:
S.Z. Razavi Trustee 07 February 2025
Page 6
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
for the year ended 31 March 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 7
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
- 2 Income from donations and legacies
| Donations 3 Income from investments Investment income Deposit interest |
Unrestricted £ - 150,251 150,251 |
Restricted £ 60,341 - 60,341 Unrestricted £ 63,355 480 63,835 |
Total 2024 £ 60,341 150,251 210,592 Total 2024 £ 63,355 480 63,835 |
Total 2023 £ 28,470 185,222 |
|---|---|---|---|---|
| 213,692 | ||||
| Total 2023 £ 65,943 332 |
||||
| 66,275 |
Page 8
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
| 4 Expenditure on raising funds Fundraising trading costs Scholar's fees and exp Religious events costs Donations to others 5 Other expenditure Bank loan and overdraft interest payable Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs Salaries and wages Pension costs |
Unrestricted £ - 48,209 18,903 67,112 |
Restricted £ - 36,589 - 36,589 Unrestricted £ 62,549 71,392 - 28,172 544 22,307 12,680 197,644 2024 £ 544 2024 67,332 3,294 70,626 |
Total 2024 £ - 84,798 18,903 103,701 Total 2024 £ 62,549 71,392 - 28,172 544 22,307 12,680 197,644 |
Total 2023 £ 32,441 50,232 28,470 |
|---|---|---|---|---|
| 111,143 | ||||
| Total 2023 £ 57,271 42,992 944 25,847 725 22,593 27,467 |
||||
| 177,839 | ||||
| 2023 £ 725 2023 42,992 - |
||||
| 42,992 |
No employee received emoluments in excess of £60,000.
Page 9
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
8 Tangible fixed assets
| £ Freehold Property Cost or revaluation At 1 April 2023 2,847,692 At 31 March 2024 2,847,692 Depreciation and impairment At 1 April 2023 - Depreciation charge for the year - At 31 March 2024 - Net book values At 31 March 2024 2,847,692 At 31 March 2023 2,847,692 9 Debtors Trade debtors 10 Creditors: amounts falling due within one year Other loans Trade creditors Other creditors Accruals 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts |
£ Freehold Property 2,847,692 2,847,692 - - - 2,847,692 2,847,692 |
£ Computer equipment 11,952 11,952 9,775 544 10,319 1,633 2,177 2024 £ 33,782 33,782 2024 £ 1,079 7,280 3,159 |
£ Fixture and fittings 4,508 4,508 4,508 - 4,508 - - |
£ Total 2,864,152 |
|---|---|---|---|---|
| 2,864,152 | ||||
| 14,283 544 |
||||
| 14,827 | ||||
| 2,849,325 | ||||
| 2,849,869 | ||||
| 2023 £ 33,782 |
||||
| 33,782 | ||||
| 2023 £ 1,079 - 3,159 |
||||
| 3,000 | 3,000 | |||
| 14,518 2024 £ 1,048,161 1,048,161 |
7,238 | |||
| 2023 £ 1,115,350 |
||||
| 1,115,350 |
Page 10
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
12 Movement in funds
| 12 Movement in funds | |||
|---|---|---|---|
| At 1 April 2023 Restricted funds: Restricted income funds: Education/ Training - Total - Unrestricted funds: General funds 1,866,351 Total funds 1,866,351 Purposes and restrictions in relation to the funds: Restricted funds: Education/ Training 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 14 Reconciliation of net debt Cash and cash equivalents Borrowings Bank loans Net debt |
Incoming resources (including other gains/losses ) £ 60,341 60,341 214,086 274,427 |
Resources expended £ (36,589) (36,589) (264,756) (301,345) |
At 31 March 2024 £ 23,752 |
| 23,752 | |||
| 1,815,681 | |||
| 1,839,433 | |||
| At 1 April 2023 £ |
Unrestricted funds £ 2,849,325 38,269 (1,048,161) 1,839,433 Cash flows £ |
Total £ 2,849,325 38,269 (1,048,161) |
|
| 1,839,433 | |||
| At 31 March 2024 £ |
|||
| 105,288 | (86,283) | 19,005 | |
| 105,288 (1,079) (1,115,350) |
(86,283) | 19,005 (1,079) (1,048,161) |
|
| - | |||
| 67,189 | |||
| (1,116,429) (1,011,141) |
67,189 (19,094) |
(1,049,240) | |
| (1,030,235) | |||
Page 11
INTERNATIONAL ISLAMIC LINK Notes to the Accounts
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2024 | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| Land and buildings |
Other | Land and buildings |
Other | |
| £ | £ | £ | £ | |
| Operating leases with expiry date: | ||||
| Pension commitments | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| The pension cost charge to the charity | ||||
| amounted to: | 3,294 | - |
Page 12
INTERNATIONAL ISLAMIC LINK Detailed Statement of Financial Activities
for the year ended 31 March 2024
| Income and endowments from: Donations and legacies Donations Investments Investment income Deposit interest Total income and endowments Expenditure on: Costs of other trading activities Scholar's fees and exp Religious events costs Donations to others Total of expenditure on raising funds Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Pension costs Staff welfare Travel and subsistence Premises costs Rates Light, heat and power Premises cleaning General administrative costs, including depreciation and amortisation Depreciation of Bank charges |
Unrestricte d funds 2024 £ - 150,251 150,251 63,355 480 63,835 214,086 - 48,209 18,903 67,112 67,112 62,549 62,549 67,332 3,294 766 71,392 - - 7,403 17,042 3,727 28,172 544 1,181 |
Restricted funds 2024 £ 60,341 - 60,341 - - - 60,341 - 36,589 - 36,589 36,589 - - - - - - - - - - - - - - |
Total funds 2024 £ 60,341 150,251 210,592 63,355 480 63,835 274,427 - 84,798 18,903 103,701 103,701 62,549 62,549 67,332 3,294 766 71,392 - - 7,403 17,042 3,727 28,172 544 1,181 |
Total funds 2023 £ 28,470 185,222 |
|---|---|---|---|---|
| 213,692 | ||||
| 65,943 332 |
||||
| 66,275 | ||||
| 279,967 32,441 50,232 28,470 |
||||
| 111,143 | ||||
| 111,143 57,271 |
||||
| 57,271 | ||||
| 42,992 - - |
||||
| 42,992 | ||||
| 944 | ||||
| 944 | ||||
| 3,286 15,729 6,832 |
||||
| 25,847 | ||||
| 725 5,181 |
Page 13
INTERNATIONAL ISLAMIC LINK
Detailed Statement of Financial Activities
| Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Centre expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
10,752 4,984 26 - 3,423 338 872 731 22,851 7,280 5,400 12,680 197,644 264,756 - (50,670) (50,670) - (50,670) 1,866,351 1,815,681 |
- - - - - - - - - - - - - 36,589 - 23,752 23,752 - 23,752 - 23,752 |
10,752 4,984 26 - 3,423 338 872 731 22,851 7,280 5,400 12,680 197,644 301,345 - (26,918) (26,918) - (26,918) 1,866,351 1,839,433 |
7,546 2,491 - 1,177 3,005 - 262 2,931 |
|---|---|---|---|---|
| 23,318 | ||||
| 3,560 23,907 |
||||
| 27,467 | ||||
| 177,839 | ||||
| 288,982 - |
||||
| (9,015) | ||||
| (9,015) - |
||||
| (9,015) | ||||
| 1,875,366 | ||||
| 1,866,351 |
Page 14