Charity number: 1068567
The Islamic Academy of Manchester
Trustee's report and financial statements
for the year ended 31 December 2023

The Islamic Academy of Manchester
Contents
Page
Legal and administrative information
Trustees report
Independenl examiners, report
Statemeni of financial activities
Balance sheet
Notes to the financial statements
7.10

The Islamic Academy of Manchester
Legal and adminlstrative inforn￿tIon
Charity number
1068567
Business addre
347-349 Stockport Road
Manchesier
M130LF
Trustee
Atif Hamid
Mohammed Riaz Akhiar
Mohammad Farooq
Accountants
Nabaile Young UK Ltd
334 Slade Lane
Manchesier
M19 2BL
Bankers
HSBC Bank
2-4 Si. Ann's Square
Manchester
M2 7HD
Natwest Bank
437 Wilmslow Road
Wiihingion
Manchester
M20 4AJ
Page I

The Islamic Academy of Manchester
Report of the trustee
for the year ended 31 December 2023
The trnstee presents his report and the financial statements for the year ended 31 December 2023. The trustees who
served during the year and up io the date of this repori are sei oui on page l.
Structure? governance and management
The Chariiy is constituted under 1998 constitution registered with the Charities Commission under Number 1068567.
The Trustees have responsibility for the overall m(Inagemenl and operation of the Lhariiy.
Objectlves and actfivltles
Objeclives and aims
The Is14imiL A¢<idemy run8 dnd manages Ciiy Jamia Ma.8jid, a musque close lo the cily centre of Manchesler which
is opera￿d by The Islamic Academy of Manchester. The mosque is operational tor daily prayers and holds a number of
classes and aclivilies for &idulis and children.
Achievements and perforniance
Charilable aclivifies
Our charity has been an uptake in activities and attendance and charitable donaiions remain steady enabling ongoing
project.% to progress.
We continue to wL)rk in pariner8hip with a number of other organi5ations and charities in line wiih Ihe needs of the local
community.
We have continued to improve the facilities and infrasiruclure of the organisalion for the beneficiaries, for example, with
inslallation of perimeter fencing and gales of Ihe mosque.
By (he end of December 2023, a new ￿ChItect was appointed lo progress oulslanding issues on Ihe upper floor of the
main mosque building with Building Control. This wa5 further lo recommendations from fire straiegy experts based on
work conducted in 2022.
Conslruction of the community centre adjacent 10 the mosque progressed to inlemal works wilh a projecled compleuon
dale of Winter 2024.
Financlal revlew
Reserve policy
Over ihe next 12 months, we expecl to make further progre55 with the internal and external works and are aiming to
implement a nurnber of initiative.8 for the youth and vulnerable in our cotnmunity.
Page 2

The Islamic Academy of Manchester
Report of the tnjstee
for the year ended 31 December 2023
Statement of trustees, responsibilities
The trusiees are responsible for preparing the Trustee8' Annual Report and the financial staiemenl.s in dLLordance with
appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepied Accounting Practice).
Law applicable to chariiies in England and Wales requires the trustees to prepare financial statements for each financial
Ye￿ which give a true and fair view of charity and of the incoming resources and applicaiion of resources of the charity
for that year. In preparing these financial statements the trustees are required to,.
select ?iUitable accounting policies and then apply them con8lStently-
observe the meihod.s and principles in the Charities SORP;
make judgements and estimates that are re&sonable and prudent.
State whether applicable UK Accounting Siandards have been followed, subject 10 any material departures disclosed
and explained in (he financial slatemenls; and
prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that the charity will
conlinue in operation.
The trustee% are re%ponsible for keeping proper accounting records which disclose with reasonable accuracy at any time
Ihe financidl position of the charity and ei)able them to ensure ihat the financial staiemenis comply with the Churitie.%
Act 1993 and the Charily (AL'count% and Reports) Reguldlion8 2008. They are al80 responsible for safeguarding the
assets of the charity and hence lor laking reasonable steps I'or the prevention and deteciion of fraud and other
On beha
ftheb
Atit Hamid
Trnstee
Page 3

The Islamic Academy of Manchester
Independent examiner's report to the trustees on the unaudited financial statements of The
Islamic Academy of Manchester.
I report on the accounts of The 151amic Academy of Manchester for the year ended 31 December 2023 set out on pages 2
to 10,
Respective responsibilities of trustees and independent examiner
A5 the ¢harÈiy's Irustee5 YOU lire responsible for (he preparation of the accounts, you consider that the audit requirement
of section 43(2) of the Charities Act 1993 (the Act) does not apply and that an independent exiimindtion is needed. It is
my responsibility to examine ihe accounts under section 43(3)(a) of ihe Act, lo follow the procedures laid down in the
General Directions given by the Charity Commission under section 43(7)(b) of the Act. and 10 state whether particular
matters have come to my attention.
Basis of independent examiner's statement
My ex￿InalI0n was carried uul in accordance with the General Directions given by the Charity Commission. An
examinaiion includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also includes Consideration of any unusual item8 or disclosures in the accounts, and seeking
explanations from you as Irusiees concerning any such matters. The procedures undertaken do not provide all the
evidence thai would b¢ required in an audit. and consequently I do noi expres% an audii opinion on che view given by the
Accounts.
Independent examlner's statement
In connection with my examination, no matter has come to my attention.,
(i) which give4 me re&%onable Cause lo believe ihal in any material respect the requirernents..
lo keep proper accouniing records in dccordance with .seclion 4101. the Act; and
to prepare accounis which accord with the uccounling records and lo comply wilh the accounting requirements
of the Act
have not been met: or
(li) to which, in my opinion, atieniion should be drawn in order to enable a proper understanding of the accounts ￿ be
reached.
Nabaile Young UK Ltd
Independent examiner
334 Slade Lane
Manchester
United Kingdom
M19 2BL
Page 4

The Islamic Academy of Manchester
Statement of financial actAvities
For the year ended 31 December 2023
Unrestricted
funds
2023
Total
2022
Tolal
Notes
Incoming resources
Incoming resources from generating funds:
Voluntary income
171,108
171.108
144.430
Total incoming resources
171.108
171,108
144,430
Resource5 expended
Purchases
Siatf costs
Establishment costs
Moior and travelling expenses
Legal and professional fees
Communications and IT
Other office expenses
Office %lalionery
Inieresl p(iyable and 8imilar charges
Deprecialion dnd irnpairmeni
Total resources expended
11.686
18,540
25,652
2.272
3,480
5.948
463
1.849
1,517
4,825
11,686
18.540
25,652
2,272
3,480
5,948
463
1.849
1,517
4,825
29.995
19,367
24,222
3,505
271
2.537
637
1,297
1,888
5,712
76.232
76,232
89,431
Total funds brought forward
Total funds carrled forward
1.420,421 1,420,421
1,270,548
1,515,297 1.515,297
1,325.547
The notes on pages 7 to 10 form an integral part of these financial statements.
Page 5

The Islamic Academy of Manchester
Balance sheet
as at 31 December 2023
2023
2022
Notes
Flxed assets
Tangible asseis
Current assets
Debiurs
Cash at bank and in hand
1,373.742
1.269.304
3,693
81,442
3.560
111.457
85,135
115,017
Creditors: amounts falling
due within one year
(2.456)
(2,426)
Net current assets
82,679
112.591
Total assets less current
Ilabilities
Creditors: amounts falllng due
after more than one year
1,456.421
1,381,895
(36.000)
(56,348)
Net assets
,420,421
1.325,547
Funds
Unrestricted income funds
1,420,421
1.325.547
Toial funds
1,420,421
1.325.547
The financial stalements. were approved by ihe trUS￿e on and signed on its behaifby
Ham
rustee
The notes on pages 7 to 10 form an integral part of these financial statement&
Page 6

The Islamic Academy of Manchester
Notes to financial statements
for the year ended 31 December 2023
Accounting policies
The principal accounting policies are surnmarised below. The accounting policies have been applied consistently
throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cosi conveniion and in accordance with the Statemeni
of Recommended Practice 'Accounting <tnd Reporting by Charities, issued in March 2005 (SORP 2005) and the
Charilies Act 1993.
1.2. Incomlng resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the
income and the amount can be quantified with rea80nable accuracy. The following specific policies are applied to
particular calegories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full An the sialement of
rinancial activities when receivable. Grants where entitlement is not conditional on the delivery of a speciflc
performance by the charity. are recognised when the charity becomes unconditionally enliiled to the grant.
Donated %ervices and facilitie8 are included al the value to the Lharity where this can be quantified. The value of
.servi¢es provided by volunieers has noi been included.
Girls donated for resale are included as incoming resources within activitie8 For generating funds when they are
sold,
1.3. Resources expended
Expenditure is re¢ognised on an accrual basis as a liability is incurred. ExpendilU￿ includes any VAT which
annot be fully recovered, and 15 reported as part of the expenditure 10 which it rellltes.
Costs of generating funds comprise the costs &$80cla￿d with attracting voluntary income and the cost% of trading
for fundraising purposes including the charity's shop.
Charitable expenditure comprises Ih05e costs incurred by the charity in the delivery of its activities and .8ervices
for its beneficiaries. It includes both ¢08ts that can be allocated directly io such activities and those costs of an
indirect nature necessary 10 tyUPPOrt them.
Fundraising costs are those incurred in seeking voluntary contributions and do nol include the c05t5 of
disseminating inforn)ation in suppori of ihe charitable activities.
Support cost5 are those costs IncU￿ed directly in support of expenditure on the objects of the charity and include
project management.
IA. Tangible flxed assets and depreclation
Tangible fixed assets are stated at cost le.4s accumulated depreciation. Depreciation 15 provided at rates C411culated
to write oft the cost less residual value of each asset over its expected useful life, as follows:
Land and building8
Fixtures, fittings And equipment
Motor vehicles
Not depreciated
15Wo Reducing balance
25% Reducing balance
Page 7

The Islamic Academy of Manchester
Notes to financlal statements
for the year ended 31 December 2023
13. Defined contribution penslon schemes
The pension cosis charged in the financial statements represent the contribution payable by the charity during the
year.
Vojunlary income
Unrestricted
funds
2023
Total
2022
Total
Donations
Friday collecltons
Funeral Income
105,372
48.924
16,812
105,372
48,924
16,812
62,949
60.121
21.360
171,108
171.108
144,430
Employees
Employment costs
2023
2022
Wage.% dnd salaries
Pension cosLS
18.000
540
18.827
540
18.540
19,367
No employee received emoluments of more than £60.000 (2022 .. None).
Number of employees
The average monthly numbers of employees during ihe year, calculated on the basis of full lime equivalents, was
as follows..
2023
Number
2022
Number
Admin
Penslon costs
The company operates a defined c(7ntribution pension scheme in respect of the IENTER DETAILS HERE]. The
scheme and ils assets are held by independent managers. The pension charge represents contributions due from
the company and was as follows:
2023
2022
Pension charge
540
540
Page 8

The Islamic Academy of Manchester
Notes to flnancial statements
for the year ended 31 December 2023
Land and Fixtures,
buildings fittiDgs and
freehold equipment
Tangible fixed assets
Motor
Vehicles
Total
Cost
At l January 2023
Addilion.s
1.237,736
109,264
95,143
8.310 1.341,189
109.264
At 31 December 2023
1,347,000
95.143
8,310 1.450,453
Depreclatlon
At l January 2023
Charge for the year
At 31 December 2023
71.885
4,826
64.478
4,600
7.407
226
76,711
69.078
7,633
Net book values
At 3 l December 2023
1,347,(M)O
26.065
677 1,373,742
Ai 31 December 2022
1,237,736
30.665
903 1,269.304
Debtors
2023
2022
3.693
3,560
Other debtors
Creditors: amounts falllng due
withln one year
2023
2022
2,4.56
2,426
Other taxe8 and social securily
Credltors: amounts falling due
after more than one year
2023
2022
36,000
56,348
Karz e H&sna.
Page 9

The Islamic Academy of Manchester
Notes to financial statements
for the year ended 31 December 2023
Analysis of net assets between funds
Total
funds
Fund balances at 31 December 2023 as represented by:
10.
Unrestricted funds
At
At
01 January 2013 Incomlng Outga11g)ecember 2013
2023
resources resuurles
2023
General Fund
1,325,547
171,108
(76,234)
1.420.421
Page 10