Ch*rlty nunther: 1068567 The Islamic Academy of Manchester Trustee's report and financial statements ror the year ended 31 December 2022
The Islamic Academy of Manchester Contents P*ge Legal and admintstrative intornon TNstres report Ind¢p¢ndeni examitws, port Siatement of financial aciiviiies Balance shtti Now to the financial swemeats 7-10
The Islamic Academy of Manchester Legal and admintstrauve InforntiOn Charity number I567 Business addroKs 347-349 SI Rood Mancks M130LF Tntee Atif HRmid Mohammed Riaz Akhtar MohamrEJad F8r(K)q Accountants Nthile Y¢)un8 UK Lld 334 Slade MoDches M192BL Bankers HSBC Bonk 24 Si. Ann's Square Manche8ier M2 7HD NiiW&8t Bank 437 Wilmslow Road Within8ion Manches M20 4AJ
The Islamie Academy of Manchester Report of the trustee for the year ended 31 December 2022 The irustee presents his re[ and the financial for the Jtar ended 31 2022. The truste&% who served during the year and up the da of thJ"s rep)rt are set oui on page l. Structll governance and management The Charity is constituted under 1998 constituuon regiSred with the Charities Commisllon under Nurnr 1068567. The Trustees have responsibility for the overall man•8eTrnt and tsPeratio of the charity. ObJeetlv&4 and activities Objeciives andaiins The Islamic Acaderny runi and manages Ciry Jamia Masjid a lar8¢ mosque close to the Ciry ¢entTe of Manchester which is operated by The Islamic Ac3d¢my of Manchester. The mosqu¢ is OF¢rauonal for daily prayers and holds a number of classes and aciivittes for adults and ehildren. There is building work still outstandin8 on the uprxr flc)r of the buildin8. The work is ongoin8 with third party involvemertt ineludin8 architects and flre straiegy exp¢ns. Consttuction of 4 ¢OTnmuniry centre adjxenr io mosque ljas pYo8resd with the extrmal shell of the 1]dIng fijlly complete. The car PArk of thc Trwue •lso been completed. Achlevements and perfornian¢e Chariiable aciiviiies Our ¢h4riuLble dona¢ions have fvlly recovered since pandemic At class numbers particularly for youn8er people has InCSed signifheantly. We coniinue Work in partheNhip with a number of other organi10 and chariu¢s in line with the needs of the local ¢ommuniiy. Wc have coniinued io imprriv¢ the fa¢ilities at)d infrastswwr¢ of th¢ orgaThiwioD for th kn¢fi¢iaries. for exwnpl¢. with enhanccd WiFS covera8e and a new PA.systern. Flngndal revlew Resen'e policy Over the next 12 month5. we ext¢c¢ w make fvrther pr08rS with the illtrrn and externkl works And are Aiming to implement a number of initl8tives for the youth And vulnerable in (Hjr eommunity. Page 2
The Islamic Academy of Manchester Report of the trustee for the year ended 31 December 2022 Statement of trwtees, responsibilities The tru%tees are re.%ponsiblc for preparing ihe TThstee%' Annual Report and the financial 3r4Menu8 in accordance with applieable law and United Kingdntn Accounting Standard% (United Kingdotn GencTally Aocepled Accounting Pra¢ticel. Law applicable to Chl[leS in England and Wales requires ihe trw$e$ ¢0 prepate financial statemenL8 for each financial year which give a irue and fair view of charity and of the incoming resoui'ce$ and application of resources of the ChilY for ihat year. In preparin8 these finallcial s[aents ihe trustees are reguired io.. $ele¢i 8ui&ble accounii118 policies and then apply them consi5tently obs¢rve ¢he meihods and principles in the Charities SORP.. rnak¢ judgements and esiimales that are reasonable and prudent: state whether applicable UK Accounting Si&ndard$ hav¢ been followed. subj( 10 any Ma114] departures discloxd nd explained iii the finsLiieiHI 8LaLements' lllld pr¢par¢ ihe finoncial sthtements on the 8OIII8 conceni b&qis unl¢ss it is inappropriaw io pr¢SUn Ihat ihe Charity will conlillue in operation. The InL$tee% are r¢8pc)nsible for keeping proper accounting recnrdq which disclo8e with rea.4onable accuraey at any Lim¢ the financial position of the Charity And eiioble them t() ensure that the financial statements comply with the Charities Aei 1993 and the Charity {Accouni& and Reports) Regulaiions 2008. They are al¥0 responsible for ¥afeguarding Ihe assets of the Charity and hence for ¢Aking re4rJnubl¢ steps fnr the prevention and deteciiott of fraud and other On behalf o ard Atif mid Page 3
The Islamic Academy of Manchthr Independent examiner's report to the trSteeS OD the unaudited fllwlaal statements of The Islamic Academy of M2nthe5ter. I report on the accounts of The Isl8llJie Academy of ManchGsLer for the year ended 31 Decern 2022 sei out on pag¢s 2 io 10. R&qwtive responslbiliti&s of trte and independent examiner As the eharity'$ twsttts you are r¢sw)[ibIt for the prepardtion of the accounts. you consider that the audii r¢quir¢m¢ni of section 4312) of thc Chariiies Aci 1993 {the Aetl does rtot apply artd that ath independeni examinatson is needed. It i$ my Tespon5ibJliiy 10 examine the accounts under 5e¢iion 43(3llal of the A¢¢, io follow the prctedure5 laid down in thc General Dircctsons given by the Chan"ry ComThyssion under se£iion 43(7Xb) of A¢L and io Sla whether particular mailers have come io my attention. Basts of Independent examlner's ststement My examination was carried oul in accordance with the Gener Dirtciions given by the Chariiy Cornmi55ion. An examination includes a review of the accounting records kept by ihe charity at)d A cot)Nwi$on of the accounts presented wth those records. It also includcs con5idcraiion of any unusual itrms or disclosurts in the #etounLS. And seekiThg explanatiOTk% from you as tnLsie¢s ncernIng any such mailers. The tOCedureS undertaken do noi provide all ¢he evidence that would be required in an audit. conwucntly I do expr&4 an audit opinion on thc view givcn by th¢ accounts. Independent exgminer's statement In ¢onn¢cuon with my examinaiion, no miiter come my alni10n. li} leh gives me re&wn8ble cause to believe that in 8rty material resF¢Ct the requirenKnts: In keep prow accouniing records in accordance with seciion 41 ofthe Acl: and prepare xcounts Mthich actord wilh the accounting records aThJ to Comply with the accouniin8 requirements of the Act have not been mei; or lill ¢0 whieh, in my opinion. aL*ntion should be drawn in order to emable a prow understandin8 of the accrtts to be reached. Naballe Young UK Ltd Independent examlner 334 Slade Lane Manchester United Kingdom M19 2BL
The Islamie Academy of Manchoster Statement of financlal activities For the year ended 31 December 2022 Unrestrleted d$ 2022 Totsl 2021 Totsl Note5 Incomlng resourees Incoming resources from generydting funds.. Voluntary incume 144.430 144,430 117,397 Tot41 Incomlng resouree8 144,430 144.430 117.397 Resources expended Purch$ Strdff cost% Establishrnent etsst8 Motor and iravelling cxpciise5 Legal and profe&siL)nal fees CommLinicaLions and IT Other nffice expcnse Office SU¢ionery Lni¢re81 payable and similgt charges Depreciaiion and impaim*nt 29.995 19,367 24,222 3,505 271 2,537 99,995 19,-367 24,222 3,503 271 2,537 639 1,297 1,888 3,712 25.160 15.871 24,099 2.935 24.284 3,764 4.592 1.297 1,888 5,712 1,263 6,417 Total resources oxpLinded 109,502 Toial fund4 broughi forward 1.270.348 1.270,548 1,262.653 TotAI (unds carried forward 1,325,545 1,325.545 1.270,548 The notes on pages 7 to 10 form gn integral part of these flnanclal statement& Page 5
The Islamic Aeademy of Manchestsr Balance sheet as at 31 December 2022 2022 2021 Notes Flxed a&sets Tangible assets Current Assets Debiors Cash ai bank and in hand 1,269,304 1,177,916 3,560 111,457 3,038 149,032 115.017 152,070 CredltDr4: Am()unts falllng due within one year 12.4261 13,0371 Net current assets 112.591 149.033 Total a&sets less current Ilabllities Credfito: amounts falllng due after more Ihan one year 1.381.895 1.326.949 156,348) {56.4011 Net ets 1.325.547 1.270,548 Funds Unrcstricied income funds 1.325,547 1,270,548 Tothl funds 1,325,547 1,270,.548 The financial 81atemenÉ$ were approv¢d by the tnlsiee on 2nd signed on i¢s behalf by Atir Trus mid The notes on ge5 7 to io form Integr91 of these financial sthternent& Page 6
The Isl8mlc Aidemy of Manchester Notes to fancIal slatements for the year ended 31 December 2022 Accountlng polici¢s The principal &ccollllting wlicies are SUMM bdow. The accounull8 policies have ten applied ¢oNisnUy throughout the year and th¢ preceding year. 1.1. Basis of accounting The financial siaierncnts are prq)ared under the histOTieal eox conveniion T in accordance wth the Statement of RecoTnmended PracLice 'Ac£ouniing 8nd Reporting by CTharitiGs' issucd in March 2(K15 ISORP 2005) and the Chariues Aci 1993. 12. Incoming rwources All incomjng resour¢e$ are included in the $emenT of financial activiiies when the charity is eniiLled to Lhe income and Iht arrK>unt Con be quaniifi¢d with r80nble ur1¢Y. The following specifJ¢ policies are applied io particular categories of income.. Voluntsry ij)come is rettived by way of grants. donatio$ and gifL$ and 1$ included in full in the stsierneni of rinancial a¢uviue8 when ffceivable. Grants thre eniiilemtnl is noi cofidiiional On the delivery of a wifie perfomance by the chaTiLy. are Te¢ognised when the chan'ty beconw ut)condiuonally entsded the grani. Donaied serviee3 and f1]iveS ar¢ included aL the value the chriiy where this can be quanufied. The value of service5 provided by volunteers has not been included. Gifts donated for resAle are included u incoming resources within activities for 8eneraun8 fu18 when they are 1.3. Resour¢es expended Expenditure is reeo8nised on an acerua] b&sÉs as a liability is incuffed. Expenditure includes any VAT which cannot be fully recovered. and is rew)rttd as part ofihe exF¢ndiiure io W"¢h li r¢lo¢¢s. C1$ 1)f generaling funds comprise the CO$TS aswi¢d vrith aiirxtin8 voluntary income and ihc cosLs of tradin8 for fundrai.8in8 purposes includin8 the Charit5 shop. Charitable expendtttire Compri% thrne c(>81.8 rneurred by the chariry in the delivery of its aciivities and services for its benefi¢iarie5. 11 IrKlud boih costs that Can be allo¢8¢¢d directly to $uch activities 8nd Lhose eosL8 of an indirexi na¢ur¢ nettssary io support (kn. FundraisÈng Costs a those ire41 in seth.ng voluTW C(X)tributions aThJ do noi include the costs of disseminating infornmtion in 5UPPOrt of the ¢hariubl¢ xiiviii Support costs are those cosrs incuTred direcdy in sUPPOrt of expenditure on the objects of the charity and include project management. 1.4. Tan8ible fixed assets •nd depreeiation Tangible fixed assets are stated at cost a¢¢umulated depre¢iaiion. Depreciar&oTh is provided at ratts calculated io writr off the COSL less residual value of exh &t over its ex&ed wful life. as follows: Land and buildings Fixtures, flltings aj equipment Motor vehicles Noi depreciated 15 Reducing balance * Reducing balat
The Islamlc Academy of Manchesler Iyotss to financial statements for the year ended 31 December 2022 1.5. Dellned eontrlbutjon pe0 schemes The pension costs charged in th¢ financi stat¢m¢nts reprtseni the eontribution payabl¢ by the eharity during the year. Voluntsry Income Unrestrleted 2022 Tothl 2021 TotAI Donaiions Priddy ¢olle¢tions Funeral Income 61949 60.1?1 21.360 69,949 60.121 21.3frt) 51,648 44,084 21,665 144.430 144.430 117,397 Employees Employment costs 2022 2021 Wa8&% And salariei Sla) $e¢urity costs Pensiotl costs 18,827 14.631 801 439 540 19,367 13,871 No employee ceIved ernolumertts of n¥)re than £60.IYXJ12021 . None). Number of employees The avera8e monihly numbers of ¢mploy¢es durin8 the year. ealculftted on the buis of hjll lift equivalenis. was hs follows.. 21122 Number 2021 Number Admin Pension c(Lsts The company operates a defined contribution pxnsion scheme in re5peci of the IENfER DETAIJS HEREI. The scheme and its assets are held by indepetLden( managers. 7be nsiOn char8e represenL8 contributions dut from the compatty w&8 &% follows.. 2022 2021 Pension chArge 439 Page 8
The Islamic Academy of Manehester Notes to fuLqncial statements for the year ended JI December 2022 Land FSxtsre& bthldin&s fittings freebold equlptneDt Tanglble fixed assets Molor vebie]es Tot81 Cost Ai l January 2022 Additions 1.142.623 95.113 93.156 1.987 &310 1.244.089 97.100 Ai 31 December 222 1.237.736 95.143 8.310 1,341,189 Depreel*tlon At l January 2022 Charge for ihe year At 31 Decemb¢r 2tf22 59,(N57 5.411 7,106 301 66,173 5.712 64.478 7,407 71,885 Net book values Ai 31 December 2022 1.237.736 30.665 903 1,269.304 Ai 31 D¢cember 221 1,142.623 34.089 1,204 1.177.916 Debtors 2022 2021 Other debiors 3,560 3,038 Crtdltors: amounts falllng due within one year 21122 21121 Other taxes Ind srtial security 2.426 3.037 Credltors: amounts falllng due after more than one year 21122 2021 Karz e Hasna. 56.348 56.401
The Islan¢ Aeademy of Manehester Notes to financial statements for the year ended 31 December 2022 Analysis of net between funds Total r.und balances at 31 December 2022 rtpres¢ntrd by.. 10. Unrestrlctsd funds A¢ At 111 Jattry 21113 IncomlnR outgollectrnber 2013 2fj22 re50urce5 resources 2022 Gcncnl Fund 144.431 {89.432) I.3,547 Page 10
The Islamic Academy of Manchester The following pages do not forni part of the statutory accounts.
The tslamic Academy of Manchesler Detailed statement of financial aclivities For the year ended 31 Decwnber 2A122 2022 2021 Incomlng resovrces Incoming resources from generatlng funds: Voluniary incom¢ I)onations Friday coll¢¢tions Fun¢ral Income 6.949 60.121 21.360 51,648 44.084 21,665 144.430 117.397 Total Incomin8 resources from 8eneratln8 funds 117,397 Total incomlng resources 144,430 117.397 Resources expended Costs of Reneratlng thnds: FundrAtslng tradlng: cost of goods sold and other costs Artivity I Activity l - Funeral Exkxndiwre 29.995 25,160 29,995 23,160 Totsl fundrolslng tradln8 Cost of goods sold 4nd other costs Total costs of generatlng fvnds 29,995 25.160 29.995 25.160 Pgt 12
The Islamic Aeademy of Manch£ster Detailed statement of finanoal activities For the year ended 31 December 2022 2022 2021 Charitable activities Governance costs Aeliviiie.v iindÉriaken direcily Staff COSL%- Employer's NIC Staff costs- Pension costs Esiabli8hment- Rates & water Establishment. Light & hcai Establishm¢nt. Repairs & rnaintenanc¢ Establishment- Insurance 439 3,(K)2 7.922 5.643 3.518 658 10.246 4.811 3.751 Ell Cleaning and $undri&% Motor vehicle expeD%8 Telephone Profe88ional- Other Office ¢xpense5- CommunicalioD & IT Office expenses- Adv¢nising Office $illtion¢ry Bank eh2rges Depr¢¢i4tion & impairn* 4.756 4.014 1,681 1,254 24.284 3.764 4.592 271 1537 637 .297 1.888 5.712 .263 6.417 69,711 Support costs Supp)rt- Staff costs- Wages & salaries 18.827 14.631 18,827 14,631 Total 8overnanee costs 59.436 84.342 Net Incomin{ot801ng) resources for the ye4r 54.999 7,895 Page 13