Charity registration number: 1068567
**THE ISLAMIC ACADEMY OF MANCHESTER TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
Nabaile Young UK Ltd Chartered Certified Accountants 334 Slade Lane Manchester M19 2BL
## **THE ISLAMIC ACADEMY OF MANCHESTER Contents**
||**Page**|
|---|---|
|Trustees' Report|1—2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Statement of Financial Position|5|
|Notes to the Financial Statements|6—9|
**THE ISLAMIC ACADEMY OF MANCHESTER Trustees' Report For The Year Ended 31 December 2024**
The trustees present their report and the financial statements for the year ended 31 December 2024.
## **Objectives and Activities**
## **Aims and Objectives**
The Islamic Academy runs and manages City Jamia Masjid, a large mosque close to the city Centre of Manchester which is operated by The Islamic Academy of Manchester. The mosque is operational for daily prayers and holds a number of classes and activities for adults and children.
## **Achievements and Performance**
## **Charitable activities**
Our charity has been an uptake in activities and attendance and charitable donations remain steady enabling ongoing projects to progress.
We continue to work in partnership with a number of other organisations and charities in line with the needs of the local community.
One key focus during 2024 was establishing a CIO (The Islamic Academy of Mancester, Registered Charity No. 1209015) to enhance and modernize the charity and governing document. A solicitor was appointed to take the trustees through this process liaising with the Charity Commission and Land Registry during this process. The new CIO was registered on 8th July 2024. Two of the current three trustees will serve on board of the CIO with a view to simultaneously run both charities and then wind down the current charity.
Construction work progressed on target.
## **Financial Review**
## **Reserves Policy**
Over the next 12 months, we expect to make further progress with the internal and external works and are aiming to implement a number of initiatives for the youth and vulnerable in our community.
## **Structure, Governance and Management**
## **Governing Document**
The Charity is constituted under 1998 constitution registered with the Charities Commission under Number 1068567. The Trustees have responsibility for the overall management and operation of the charity.
## **Reference and Administrative Details**
## **Trustees**
Mr Mohammed Atif Hamid - Chair Mr Mohammad Farooq - Trustee Dr Mohammed Riaz Akhtar - Trustee
## **Charity Number**
1068567
## **Independent Examiner**
Muhammad Zaheer Nabaile Young UK Ltd Chartered Certified Accountants 334 Slade Lane Manchester M19 2BL
Page 1
## **THE ISLAMIC ACADEMY OF MANCHESTER Trustees' Report (continued) For The Year Ended 31 December 2024**
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Mohammed Atif Hamid Trustee 17 October 2025
Page 2
## **THE ISLAMIC ACADEMY OF MANCHESTER Independent Examiner's Report to the Trustees of THE ISLAMIC ACADEMY OF MANCHESTER For The Year Ended 31 December 2024**
I report to the trustees on my examination of the accounts of THE ISLAMIC ACADEMY OF MANCHESTER (the Trust) for the year ended 31 December 2024.
## **Responsibilities and Basis of Report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Muhammad Zaheer
17 October 2025 334 Slade Lane Manchester M19 2BL
Page 3
## **THE ISLAMIC ACADEMY OF MANCHESTER Statement of Financial Activities For The Year Ended 31 December 2024**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Funeral Activities
**EXPENDITURE ON:**
Raising funds
**5**
Charitable activities:
**5**
Funeral Activities
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13**|**2024**
**Unrestricted**
**funds**
**£**
97,562
47,321|**2023**
**Unrestricted**
**funds**
**£**
154,296
16,812|
|---|---|---|
||144,883|171,108|
||(96,151)
(23,303)|(64,548)
(11,686)|
||(119,454)|(76,234)|
||25,429|94,874|
||25,429
1,420,421|94,874
1,325,547|
||1,445,850|1,420,421|
The notes on pages 6 to 9 form part of these financial statements.
Page 4
## **THE ISLAMIC ACADEMY OF MANCHESTER Statement of Financial Position As At 31 December 2024**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**9**
**CURRENT ASSETS**
Debtors
**10**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**11**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One Year**
**12**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**13**
On behalf of the board|**2024**
**Unrestricted**
**funds**
**£**
1,416,649|**2023**
**Total**
**funds**
**£**
1,373,742|
|---|---|---|
||1,416,649
-
60,484|1,373,742
3,693
81,442|
||60,484
(3,783)|85,135
(2,456)|
||56,701|82,679|
||1,473,350|1,456,421|
||(27,500)|(36,000)|
||1,445,850|1,420,421|
||1,445,850|1,420,421|
||1,445,850|1,420,421|
||||
Mr Mohammed Atif Hamid Trustee 17 October 2025
The notes on pages 6 to 9 form part of these financial statements.
Page 5
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements For The Year Ended 31 December 2024**
## 1. **General Information**
THE ISLAMIC ACADEMY OF MANCHESTER is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1068567. The principal address is .
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming 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 reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
## 2.3. **Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated Motor Vehicles 25% Writing down value Fixtures & Fittings 15% Writing down value
## 2.5. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
Page 6
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 December 2024**
||**2024**|**2023**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**£**|**£**|
|Donations and gifts|97,562|154,296|
## 4. **Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
**2024 2023 £ £** 12,371 4,826
## 5. **Analysis of Expenditure**
|.
**Analysis of Expenditure**||||
|---|---|---|---|
|Raising funds
Funeral Activities
Raising funds
Funeral Activities|**Activities**
**undertaken**
**directly**
**£**
-
23,303|**Support**
**costs**
(see note 6)
**£**
96,151
-|**2024**
**Total**
**£**
96,151
23,303|
||23,303|96,151|119,454|
||**Activities**
**undertaken**
**directly**
**£**
-
11,686|**Support**
**costs**
(see note 6)
**£**
64,548
-|**2023**
**Total**
**£**
64,548
11,686|
||11,686|64,548|76,234|
## 6. **Support Costs**
|Employee costs
Premises expenses
General administration
Depreciation
Governance costs|**2024**
**Raising**
**funds**
**£**
20,023
30,692
32,255
12,371
810|
|---|---|
||96,151|
Page 7
**THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 December 2024**
|Employee costs
Premises expenses
General administration
Depreciation
Governance costs|**2023**
**Raising**
**funds**
**£**
18,540
17,886
19,816
4,826
3,480|
|---|---|
||64,548|
## 7. **Staff Costs**
Staff costs were as follows:
|Wages and salaries
Other pension costs|**2024**
**£**
19,513
510
20,023|**2023**
**£**
18,000
540|
|---|---|---|
|||18,540|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 8. **Average Number of Employees**
Average number of employees during the year was: 3 (2023: 1)
## 9. **Tangible Assets**
## **Land & Property**
|**Cost**
As at 1 January 2024
Additions
As at 31 December 2024
**Depreciation**
As at 1 January 2024
Provided during the period
As at 31 December 2024
**Net Book Value**
As at 31 December 2024
As at 1 January 2024|**Freehold**
**£**
1,347,000
-|**Motor**
**Vehicles**
**£**
8,310
-|**Fixtures &**
**Fittings**
**£**
95,143
55,278|**Total**
**£**
1,450,453
55,278|
|---|---|---|---|---|
||1,347,000|8,310|150,421|1,505,731|
||-
-|7,633
170|69,078
12,201|76,711
12,371|
||-|7,803|81,279|89,082|
||1,347,000|507|69,142|1,416,649|
||1,347,000|677|26,065|1,373,742|
Page 8
## **THE ISLAMIC ACADEMY OF MANCHESTER Notes to the Financial Statements (continued) For The Year Ended 31 December 2024**
|10.
**Debtors**
**Due within one year**
Other debtors
11.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other creditors
Taxation and social security
12.
**Creditors: Amounts Falling Due After More Than One Year**
Other creditors
13.
**Movement in Funds**
**As at 1**
**January**
**2024**
**£**
**Unrestricted funds**
General:
General unrestricted fund
1,420,421
**Total funds**
1,420,421
**As at 1**
**January**
**2023**
**£**
**Unrestricted funds**
General:
General unrestricted fund
1,325,547
**Total funds**
1,325,547|10.
**Debtors**
**Due within one year**
Other debtors
11.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other creditors
Taxation and social security
12.
**Creditors: Amounts Falling Due After More Than One Year**
Other creditors
13.
**Movement in Funds**
**As at 1**
**January**
**2024**
**£**
**Unrestricted funds**
General:
General unrestricted fund
1,420,421
**Total funds**
1,420,421
**As at 1**
**January**
**2023**
**£**
**Unrestricted funds**
General:
General unrestricted fund
1,325,547
**Total funds**
1,325,547|**Income**
**£**
144,883||**2024**
**£**
-
**2024**
**£**
1
1,395
2,387
3,783
**2024**
**£**
27,500
**Expenditure**
**£**
(119,454)|**2023**
**£**
3,693|
|---|---|---|---|---|---|
||||||**2023**
**£**
-
-
2,456|
||||||2,456|
||||||**2023**
**£**
36,000|
||||||**As at 31**
**December**
**2024**
**£**
1,445,850|
||1,420,421|144,883||(119,454)|1,445,850|
||**As at 1**
**January**
**2023**
**£**
1,325,547|**Income**
**£**
171,108||**Expenditure**
**£**
(76,234)|**As at 31**
**December**
**2023**
**£**
1,420,421|
||1,325,547|171,108||(76,234)|1,420,421|
14. **Transactions with Trustees**
15. **Related Party Disclosures**
Page 9