## **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