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2022-03-31-accounts

The Charity Registration Number is :- 1097565

Assunah Islamic Centre

Report and Accounts

31 March 2023

Assunah Islamic Centre

Report and accounts for the year ended 31 March 2023

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 8
Independent Examiner's Report 10
Funds Statements:-
Statement of Financial Activities 12
Statement of Financial Activities - Prior Year statement 13
Movements in funds 14
Revaluation reserves 14
Revenue Funds 14
Income and Expenditure account 15
Summary of funds 15
Balance sheet 16
Cash flow statement 18
Notes to the accounts 19

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

The Trustees present their Report and Accounts for the year ended 31 March 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- Assunah Islamic Centre

The charity is also known by its operating name, Assunnah Islamic Centre

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1097565

Legal structure of the charity

The governing document of the charity is the Trust Deed establishing the charity.

The Governing Document is dated 21 April 2002

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

565A/567A High Road London N17 6SB

Telephone 02088087951 Email Address info@assunnah.co.uk Web address www.assunnah.co.uk

The Trustees in office on the date the report was approved were:-

Mr Xuseen Sabriye Abdi Weli (Chairman), Mr Dahir Tifow (Vice Chairman), , Mr Mohamed Abdulle (Secretary), Mr Khalif Warsame (Organiser), Mr Habib Hussein Mohamed (Vice Treasurer), Dr Omar Ugas (Joined on 01/02/2023) and Abdullahi Ahmed Mohamud.

The following persons served as Trustees during the year ended 31 March 2023 :-

Mr Xuseen Sabriye Abdi Weli (Chairman), Mr Dahir Tifow (Vice Chairman), Mr Mohamed J Siyad (Resigned on 31/12/2022), Mr Mohamed Abdulle (Secretary), Mr Khalif Warsame (Organiser), Mr Habib Hussein Mohamed (Vice Treasurer), Dr Omar Ugas (Joined on 01/02/2023) and Abdullahi Ahmed Mohamud.

1

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The objects are set out in the charity's trust deed and are summarised:

1-Safeguarding Somali culture in the UK,

2-Advancement of religion & education in accordance with tenants & doctrines of Islam,

3-Charitable activities for interest of Somalis in the UK,

4-Place of worship for benefit of the public, youth training, Islamic education, health & education seminars, Islamic counselling and mentoring

The main activities undertaken in relation to those purposes during the year.

Trustees have reviewed their activities throughout the year and are satisfied that they acted in accordance to their objects and have met their aims and objectives.The Trustees considered all options for the best use of the funds in advancement of the Objects

1-Primary school and nursery

2-Evening and weekend classes

3-Assunah youth programs

4-Annual Islamic conference

5-Islamic lessons and lectures

6-Women activities 7-Prayer facilities 8-Ramadan Taraweeh prayers and programs

9-Eid ul Adha and Eid ul Fitr prayers and celebrations 10-Advice and counselling 11-Civil marriage

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The strategy for the year has been to consider favourable applications that matched the Charity’s Objects. The Trustees endeavour to make the best use of the monies available from the funds of the Charity.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The Charity is established for purposes which benefit the beneficiaires and the wider public.

The Charity’s public benefit is enshrined in its charitable Objects. The charity will not discriminate on the grounds of any characteristic protected by the Equality Act or any other relevant legislation.

2

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

The short term and longer term aims and objectives.

We have out extra focus on combatting terrorism and explaining the dangers of these evil thoughts, social grooming and exposing the individuals and groups engaged in this activity as these extreme ideologies have nothing to do with the religion of Islam as the word Islam comes from the Arabic root word salaam which means peace.

We have encouraged our community to raise money for good causes for those in desperate need of basis human necessities such as food and medicine for areas affected around the world and especially those affected by war and severe natural disasters.

All around the year, we have attendees to our events from London and other local areas that come from all over the world including many countries in Europe, Africa and Asia. We have facilitated the interaction of these multiple communities, building stronger communities and understanding among these diverse groups.

The charity's strategies for achieving its aims and objectives in the future.

The community centre is an active participant in local affairs such as Police, Council and Local Schools. We are a full member of Haringey Muslim Network Forum. We are also a member of Muslim Council of Britain (MCB) and Association of Muslim Schools (AMS). We will be working with our partners in order to achieve objectives of the charity in short/mid term plans.

The main achievements and performance of the charity during the year.

Primary School and Nursery

We continue improving the facilities and quality of education of our pupils. Both the Primary and Nursery improved in terms of student achievements and in terms of staff developments.

Evening and Weekend Classes

We have Evening and Weekend classes with over 700 students each week ranging for 6 years to 16 years old teaching Islam, Arabic and Citizenship.

Assunnah Youth

Assunnah Youth is a branch of Assunnah Islamic Centre run by the youth themselves (boys and girls) and supported by the Management where they organise and deliver their own tailor made programs throughout the year. They have their own lessons on the weekends and some on evening. They organise special sessions to advice youngsters on education, social issues, relationships, gangs and drugs, extremism and others.

Our aim remains to help the young Muslims who need qualifications, experience and good discipline. Long term ambition of the Centre is to build the self-confidence of the community in their faith and through our facilities and activities help make a peaceful, vibrant and harmonious community.

3

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

Fundraising activities during the year.

The charity relies on grant aid from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

Islamic Lessons

There are permanent Islamic lessons (Tafserul Qur'an, Hadith, Fiqh and others) held on our Centre for the weekends and evenings for the general public where a lot of people attend.

Women's Activities

The Centre provides separate building for the women to use and organise their own programs. They have lessons on Sundays and weekday's evenings as well as other sessions for socialisations and supports.

Prayer Facilities

During the year, by the help of Allah (SWT), we have managed to open the mosque to the musallis for the five daily and Friday prayers which attract local men, women and children.

The degree to which the achievements and performance during the year have benefited wider society.

The charity benefits the wider society by enhancing facilities at school, madressah, and masjid. In addition some grants are awarded to enable students to undertake community work and volunteering opportunities.

The significant charitable activities undertaken in the year.

Advice and Counselling

We run advice and counselling session to community and families throughout the year. Our Muslim community has benefited hugely from this service. We offer drop in sessions as well as advice over the phone.

Marriage Service

The Centre is registered to solemnise marriage (Nikkah) and the Imam has solemnised and registered the marriage for various community during the year.

4

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The new appointment of trustee is made by the relevant body of trustees. In the event of a vacancy the nominating body will appoint a new Trustee.

The policies and procedures for the induction and training of trustees.

New Trustees are briefed by a fellow Trustee after appointment. Trustees are able to attend annual training led by legal and accountancy advisers.

The charity's organisational structure.

In the year under review the Charity had seven (7) trustees all of whom are volunteers. The trustees have overall control and responsibility for policy and major decision making.

Day-to-day management and responsibility for implementing policies is carried out by a full-time General Manager, in addition there is also 1 additional part time admin assistant.

How the charity makes decisions and how decisions are delegated.

Decision relating to the Trust are taken by the managing Trustees in accordance with the rules in the Trust deed. Decision are made by a simple majority of votes, the Chairman having a casting vote in the event of a tie. A quorum of minimum 2/3 (two third) trustees exists at the moment.

5

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

The Chief Executive Officer and other senior management personnel to whom day to day management is delegated

The Trust does not employ any staff to manage the charity. The Trustees are volunteers and do not receive payment for fees or expenses.

The chairman is Mr Xuseen Sabriye Abdi Weli.

Setting pay and remuneration of key management personnel

Through consultation and considering the factors in prevailing job market.

The charity's relationships with related parties.

"None"

Barclays Bank Plc, Leicester, LE87 2BB.

Bankers Barclays Bank Plc, Leicester, LE87 2BB. Birchtree Sullivan Chartered Certified Accountants, Unit 301, Lock Studios, 7 Accountants Corsican Square, London, E3 3YD.

Financial review

The charity's financial position at the end of the year ended 31 March 2023

The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Net (expenditure)/income
Unrestricted Revenue Funds available for the
general purposes of the charity		 2023
£
(47,210)
1,257,673
1,257,673		 2022
£
13,921
1,304,883
1,304,883

Financial review of the position at the reporting date, 31 March 2023 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

6

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

Policies on reserves.

The aim of the Trustees has been that income should exceed expenditure so that the revenue balance is increased over time so that future capital expenditure should be met.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Significant events which have affected the financial performance and the financial position.

None

Risks and uncertainties facing the charity.

1- Potential expose to financial mis-management, mitigated through a monthly examination of the accounts, and

2- Appropriate licenses in place to avoid exposure to prosecution.

Factors likely to affect future financial performance .

None

Principal funding sources in the year and how these support the key objectives of the charity.

Individual donations, institutional grants, and Gift Aid.

These voluntary donations has tremendously helped the charity to meet its objectives during the period.

7

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

The Trustees expect their policies and operations to remain largely unchanged in the over the next year.

Imran Asif FCCA

Member of Chareterd Certified Accountants

Unit 301 Lock Studios 7 Corsican Square London E3 3YD

Statement of Trustees's Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

8

Assunah Islamic Centre

Trustees' Annual Report for the year ended 31 March 2023

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 28 September 2023.

Xuseen S Abdi Weli (Nov 16, 2023, 3:37am)

Mr Xuseen Sabriye Abdi Weli Chairman

9

Assunah Islamic Centre

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 18 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of the Trustees and the Independent Examiner

As described on page 8, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

10

Assunah Islamic Centre

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

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 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).

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.

Imran Asif FCCA - Independent Examiner

Chareterd Certified Accountants

Unit 301 Lock Studios 7 Corsican Square London E3 3YD

This report was signed on 28 September 2023

11

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2023

Statement of Financial Activities for the year ended 31 March 2023

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other
A5
Total income
A
Expenditure on:
Charitable activities
B2
Prior Year Adjustment
B3
Total expenditure
B
Net (expenditure)/income for the year
Net income after transfers
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
SORP
Ref
Net movement in funds		 Current year
Unrestricted Funds
2023
£
420,276
173,430
9,541
603,247
646,697
3,760
650,457

(47,210)

(47,210)
(47,210)
1,304,883
1,257,673
 Current year
Restricted Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2023
£
420,276
173,430
9,541
603,247
646,697
3,760
650,457
(47,210)
(47,210)
(47,210)
1,304,883
1,257,673		 Prior Year
Total Funds
2022
£
431,160
120,391
-
551,551
537,630
-
537,630
13,921
13,921
13,921
1,290,962
1,304,883

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 19 to 30 form an integral part of these accounts.

12

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2023

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Prior Year Adjustment
B3
Total expenditure
B
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Other recognised gains/(losses)
D1
D2
D3
D3
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Extraordinary items
Net gains on revaluation of fixed
assets
Net gains on investments
Costs of fundamental
reorganisation or restructuring
Net actuarial gains on defined
pension benefit schemes
SORP
Ref
Net movement in funds		 Prior Year
Unrestricted Funds
2022
£
583,651
-
932
-
-
584,583
1,700
560,001
-
-
561,701
-
22,882
-
22,882
-
-
-
-
-
22,882
1,290,962
1,313,844

 Prior Year
Restricted Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2022
£
431,160
120,391
-
-
-
551,551
-
537,630
-
-
537,630
-
13,921
-
13,921
-
-
-
-
-
13,921
1,290,962
1,304,883

All activities derive from continuing operations

13

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2023

Statement of Total Recognised Gains and Losses for the year ended 31 March 2023

----- Start of picture text -----
2023 2022
£ £
(Deficit)/surplus for the year :-
Net excess of income over expenditure from operations before tax (43,450) 13,921
Income from operations before tax in the Statement of Financial Activites (43,450) 13,921
Net Movement in funds before taxation (43,450) 13,921
Taxation arising in the year (3,760) -
Funds generated in the year as shown on Statement of Financial Activit (47,210) 13,921
The notes attached on pages 19 to 30 form an integral part of these accounts.
----- End of picture text -----

Assunah Islamic Centre - Resources applied in the year ended 31 March 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2023
£
(47,210)
(47,210)		 2022
£
13,921
13,921

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 19 to 30 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 March 2023

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Summary of funds
Revenue accumulated funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2023
£
1,304,883
(47,210)
1,257,673
1,257,673
Unrestricted
and
Designated funds
2023
£
1,257,673		 Restricted
Funds
2023
£
-
-
-
-
Restricted
Funds
2023
£
-		 Total
Funds
2023
£
1,304,883
(47,210)
1,257,673
1,257,673
Total
Funds
2023
£
1,257,673		 Last year
Total Funds
2022
£
1,290,962
13,921
1,304,883
1,304,883
Last Year
Total Funds
2022
£
1,304,883

The notes attached on pages 19 to 30 form an integral part of these accounts.

14

Assunah Islamic Centre - Statement of Financial Activities for the year ended 31 March 2023

Assunah Islamic Centre

Income and Expenditure Account for the year ended 31 March 2023 as required by the Companies Act 2006

Income
Income from operations
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Prior Year PAYE Adjustment
Retained surplus for the financial year
All activities derive from continuing operations
Net income before tax in the financial year
Investment income
Net income after tax in the financial year		 2023
£
593,706
9,541
603,247
603,247
643,337
3,360
-
646,697
(43,450)
3,760
(47,210)
(47,210)		 2022
£
551,551
-
551,551
551,551
534,270
3,360
-
537,630
13,921
-
13,921
13,921

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 19 to 30 form an integral part of these accounts.

15

Assunah Islamic Centre - Balance Sheet as at 31 March 2023

Note
SORP
Ref
Fixed assets
A
Tangible assets
9
A2
Current assets
B
Cash at bank and in hand
B4
Creditors: amounts falling due within
one year
10
C1
Net current assets
Creditors: amounts falling due after more
than one year
11
C2
The total net assets of the charity
Restricted funds
Unrestricted Funds
Unrestricted Revenue Funds
16
D3
Designated Funds
Total charity funds
The total net assets of the charity are funded by the
Total assets less current liabilities
2023
2022
£
£
1,217,586
1,217,586
108,099
126,270
(40,822)
(31,973)
67,277
94,297
1,284,863
1,311,883
(27,190)
(7,000)
1,257,673
1,304,883
1,257,673
1,304,883
1,257,673
1,304,883
funds of the charity, as follows:-

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

16

Assunah Islamic Centre - Balance Sheet as at 31 March 2023

TheThe Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Xuseen S Abdi Weli (Nov 16, 2023, 3:37am)

Mr Xuseen Sabriye Abdi Weli Chairman Approved by the board of trustees on 28 September 2023

The notes attached on pages 19 to 30 form an integral part of these accounts.

17

Assunah Islamic Centre

Cash Flow Statement for the year ended 31 March 2023

2023 2022
£ £
Cash flows from operating activities
Net cash (used in )/provided by operating activities as shown
below A (18,171) 13,921
Cash flows from financing activities
Net cash provided by financing activities C - -
Overall cash (used in )/provided by all activities A+B+C (18,171) 13,921
Cash movements
Change in cash and cash equivalents from activities in the
year ended 31 March 2023 (18,171) 13,921
Cash and cash equivalents at 1 April 2022 126,270 -
Change in cash and cash equivalents due to exchange rate movements - -
Cash at bank and in hand less overdrafts at 31 March 108,099 13,921
Assunah Islamic Centre
Cash Flow Statement for the year ended 31 March 2023 - Continued
Reconciliation of net (expenditure)/income to net cash flow from operating activities
Net (expenditure)/income as shown in the Statement of Financial Activities (47,210) 13,921
Adjustments for :-
Write downs of investments - -
Net losses on investment assets - -
Increase in creditors, excluding loans 29,039 -
Net cash (used in )/provided by operating activities A (18,171) 13,921
Analysis of cash and cash equivalents
Cash in hand at for the year ended 31 March 2023 2023
£
108,099		 2022
£
126,270
Notice deposits - (less than 3 months) - -
Total cash and cash equivalents 108,099 126,270

18

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in England & Wales (CCEW) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Estimation techniques used in apportioning costs - give details

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

19

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over estimated useful lives.

Freehold premises 0 % WDV
Fixture and fittings 6 % WDV
Plant and machinery 20 % WDV
Motor vehicles 25 % WDV

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net (deficit)/surplus before tax in the financial year

Pension costs
5 Prior year adjusments
Prior year adjusments
The net (deficit)/surplus before tax in the financial year is stated after charging:-		 2023
£
400
2023
£
3,760		 2022
£
-
2022
£
-

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

20

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023

7 Staff costs and emoluments

Salary costs
2023
£
Gross Salaries excluding trustees and key management personnel
480,682
Employer's National Insurance for all staff
15,323
400
Trustees' Remuneration as detailed in note 0
-
Total salaries, wages and related costs
496,405
Numbers of full time employees or full time equivalents
2023
The average number of total staff employed in the year was
57
The average number of part time staff employed in the year was
50
The average number of full time staff employed in the year was
7
The estimated full time equivalent number of all staff employed in the year was
30
The estimated equivalent number of full time staff deployed in different activities in the year was:-
Engaged on charitable activities
29
Engaged on management and administration
1
The estimated full time equivalent number of all staff employed as above
30
Employer's operating costs of defined contribution pension schemes		 2022
£
389,960
11,174
-
-
401,134
2022
57
53
4
25
24
1
25

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

Total remuneration package included in total salaries above
Highest paid employee
The remuneration in the year year was		 30,000
30,000
30,000

30,000

8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

21

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023

9 Tangible fixed assets

Cost
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
10 Creditors: amounts falling due within one year
Accruals
PAYE, NIC VAT and other taxes
Other creditors
11 Creditors: amounts falling due after one year
Other creditors		 Land and
Buildings
£
1,232,861
1,232,861
15,275
15,275
1,217,586
1,217,586		 Plant &
Machinery
£
-
-
-
-
-
-		 Motor
Vehicles
£
-
-
-
-
-
-
2023
£
3,360
33,027
4,435
40,822
2023
£
27,190		 Total
£
1,232,861
1,232,861
15,275
15,275
1,217,586
1,217,586
2022
£
3,360
9,108
19,505
31,973
2022
£
7,000

12 Loans to trustees included in debtors

None

13 Guarantees made by the charity on behalf of trustees

None

22

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023

14 Income and Expenditure account summary
At 1 April 2022
(Loss)/surplus after tax for the year
At 31 March 2023		 2023
£
1,304,883
(47,210)
1,257,673		 2022
£
1,290,962
13,921
1,304,883

15 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2023
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
Long Term Liabilities
At 1 April 2022
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
1,217,586
108,099
(40,822)
(27,190)
1,257,673
Unrestricted
funds
£
1,217,586
126,270
(31,973)
(7,000)
1,304,883		 Designated
funds
£
-
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
1,217,586
108,099
(40,822)
(27,190)
1,257,673
Total
Funds
£
1,217,586
126,270
(31,973)
(7,000)
1,304,883

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Total charity funds		 £
1,304,883
1,304,883
1,304,883
Funds brought
forward from
2022		 See Note 17
£
(47,210)
(47,210)
(47,210)
Movement in
funds in 2023		 See Note 0
£
-
-
-
Transfers
between
funds in 2023		 £
1,257,673
1,257,673
1,257,673
Funds
carried
forward to
2024

23

Assunah Islamic Centre

Notes to the Accounts for the year ended 31 March 2023 17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Income
2023
£
603,247
603,247		 Expenditure
2023
£
(650,457)
(650,457)		 Other
Gains &
Losses
2023
£
-
-		 Movement
in funds
2023
£
(47,210)
(47,210)

Gains and losses are detailed in notes 0,0, 0, 0 and 0

18 The purposes for which the funds as detailed in note 16 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds Unrestricted Revaluation Reserve Designated Revenue Funds Designated Fixed Asset Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets. N/A

N/A

Restricted funds:- Restricted Fixed Asset Funds Restricted Revaluation Reserve

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.

19 Ultimate controlling party

The charity is under the control of its legal members.

24

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

20 Donations and Legacies

Current year
Unrestricted
Funds
2023
£
Donations and gifts from individuals
219,637
-
-
-
219,637
Revenue grants from government and public bodies
145,853
-
50,833
196,686
Revenue grants and donations from non public bodies
-
-
-
Gift Aid
3,953
3,953
Total Donations and Legacies
A1
420,276
Furlough Grant
Total public sector revenue grants
Haringey Council
Total Gift Aid
Small donations individually less than
£1000
Sama Care Ltd
Total donations and gifts from
individuals
Haringey NHS
Gift Aid
PH Warehouse
Total private sector revenue grants
L Ali
MA Salad
K Isla		 Current year
Restricted Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2023
£
219,637
-
-
-
219,637
145,853
-
50,833
196,686
-
-
-
3,953
3,953
420,276		 Prior Year
Total Funds
2022
£
285,855
2,300
1,566
1,000
290,721
125,384
8,888
-
134,272
3,000
2,000
5,000
1,167
1,167
431,160

25

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

21 Income from charitable activities - Trading Activities

Primary purpose and ancillary trading
22
Total income from charitable trading
Total from charitable activities
A2
23 Other income and gains
Summary of Other income
Total other income
A5
School Fee
Total Primary purpose and ancillary
trading
Total Income from charitable activities
SMP Grant		 Current year
Unrestricted
Funds
2023
£
173,430
173,430
Current year
Unrestricted
Funds
£
2023
173,430
173,430
Current year
Unrestricted
Funds
2023
£
9,541
9,541		 Current year
Restricted Funds
2023
£
-
-
Current year
Restricted Funds
£
2023
-
-
Current year
Restricted Funds
2023
£
-
-		 Current year
Total Funds
2023
£
173,430
173,430
Current year
Total Funds
£
2023
173,430
173,430
Current year
Total Funds
2023
£
9,541
9,541		 Prior Year
Total Funds
2022
£
120,391
120,391
Prior Year
Total Funds
£
2022
120,391
120,391
Prior Year
Total Funds
2022
£
-
-

24 Expenditure on charitable activities - Direct spending

Total direct spending
B2a
Gross wages and salaries - charitable
activities
Employers' NI - Charitable activities
Travel and Subsistence - Charitable
Activities
Defined contribution pension costs -
charitable activities		 Current year
Unrestricted
Funds
2023
£
480,682
15,323
400
654
497,059		 Current year
Restricted Funds
2023
£
-
-
-
-
-		 Current year
Total Funds
2023
£
480,682
15,323
400
654
497,059		 Prior Year
Total Funds
2022
£
389,960
11,174
-
2,283
403,417

26

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

25 Expenditure on charitable activities- Grant funding of activities

Current year
Current year
Current year
Unrestricted
Funds
Restricted Funds
Total Funds
2023
2023
2023
£
£
£
8,273
-
8,273
Total grantmaking costs
B2c
8,273
-
8,273
26
Current year
Current year
Current year
Unrestricted
Funds
Restricted Funds
Total Funds
2023
2023
2023
£
£
£
Employee costs not included in direct costs
3,411
-
3,411
Premises Expenses
16,431
-
16,431
13,870
-
13,870
5,031
-
5,031
12,682
-
12,682
5,477
-
5,477
Administrative overheads
3,597
-
3,597
3,762
-
3,762
1,083
-
1,083
1,622
-
1,622
592
-
592
708
-
708
62,115
-
62,115
Professional fees paid to advisors other than the auditor or examiner
780
-
780
4,901
-
4,901
Financial costs
1,943
-
1,943
Support costs before reallocation
138,005
-
138,005
Total support costs
138,005
-
138,005
The basis of allocation of costs between activities is described under accounting policies
Advertising and marketing
Equipment expenses
Cleaning and waste management
Light heat and power
Telephone, fax and internet
Premises repairs, renewals and
Education Supplies & Chartiable
Other legal and professional
Bank charges
Accountancy fees other than
examination or audit fees
Support costs for charitable activities
Grants made to organisations
Training and welfare - staff
Rates and water charges
Property insurance
Stationery and printing
Software licences and expenses
Sundry expenses		 Prior Year
Total Funds
2022
£
-
-
Prior Year
Total Funds
2022
£
2,350
13,742
12,728
7,876
23,314
4,744
6,517
8,890
-
2,627
976
9,174
34,331
-
2,340
1,244
130,853
130,853

27

Assunah Islamic Centre

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

27 Other Expenditure - Governance costs

Independent Examiner's fees
Reporting Accountant fees
Total Governance costs
28 Total Charitable expenditure
Total direct spending
B2a
Total grantmaking costs
B2c
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
29 Prior Year Adjustment
Prior Year PAYE Adjustment
Total Prior Year Adj
B3c
30 Total of other expenditure
Total Prior Year Adj
Total other expenditure
B3		 Current year
Unrestricted
Funds
2023
£
1,440
1,920
3,360
Current year
Unrestricted
Funds
2023
£
497,059
8,273
138,005
3,360
646,697
Current year
Unrestricted
Funds
2023
£
3,760
3,760
Current year
Unrestricted
Funds
2023
£
3,760
3,760		 Current year
Restricted Funds
2023
£
-
-
-
Current year
Restricted Funds
2023
£
-
-
-
-
-
Current year
Restricted Funds
2023
£
-
-
Current year
Restricted Funds
2023
£
-
-		 Current year
Total Funds
2023
£
1,440
1,920
3,360
Current year
Total Funds
2023
£
497,059
8,273
138,005
3,360
646,697
Current year
Total Funds
2023
£
3,760
3,760
Current year
Total Funds
2023
£
3,760
3,760		 Prior Year
Total Funds
2022
£
1,440
1,920
3,360
Prior Year
Total Funds
2022
£
403,417
-
130,853
3,360
537,630
Prior Year
Total Funds
2022
£
-
-
Prior Year
Total Funds
2022
£
-
-

28

Assunah Islamic Centre

Activity analysis of Income and expenditure for the year ended 31 March 2023

This analysis is classsified by activity and not by conventional nominal descriptions.

31 Analysis of income by activity

SOFA ref
School Fee
Summary of Total Income, including the items above
Charitable activities
A2
Donations & Legacies
A1
Other income
A5
Total income as shown in the SOFA
A
Categories of income
Income from exchange transactions
Income from charitable activities
Activity		 2023
£
173,430
173,430
420,276
9,541
603,247
603,247		 2022
-
120,391
120,391
431,160
-
551,551
551,551

32 Analysis of charitable expenditure by activity

Direct costs
2023
£
Charitable activity
Direct costs
497,059
Employee costs not included in direct costs
-
Premises expenses
-
Administrative overheads
-
Professional fees
-
Financial costs
-
Grantmaking costs
-
497,059
Direct costs
2023
£
Total Charitable activity
497,059
-
497,059
Total charitable expenditure
Activity
Summary of charitable costs by
activity
Total Charitable activity
Total Governance costs as detailed in
Note 27		 Support
costs
2023
£
-
3,411
53,491
73,479
5,681
1,943
-
138,005
Support
costs
2023
£
138,005
3,360
141,365		 Grant
funding of
activities
2023
£
-
-
-
-
-
-
8,273
8,273
Grant
funding of
activities
2023
£
8,273
-
8,273		 Total
2023
£
497,059
3,411
53,491
73,479
5,681
1,943
8,273
643,337
Total
2023
£
643,337
3,360
646,697		 Total
2022
£
299,257
2,156
42,884
22,940
12,698
3,660
383,595
Total
2022
£
383,595
3,360
386,955

29

Assunah Islamic Centre

Activity analysis of Income and expenditure for the year ended 31 March 2023

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 28

Analysis of support and governance costs by charitable activities

Activity
Accountancy fee
Charitable activity
Grand Total		 Governance
3,360
-
3,360		 Finance
-
1,943
1,943		 Human
Resources
-
3,411
3,411		 Other
Overheads
-
132,651
132,651		 Total
3,360
138,005
141,365

33 Analysis of non charitable expenditure by activity

Activity

Governance costs
Other Expenditure - Governance costs as detailed in Note 27		 Governance
costs
2023
£
3,360		 Governance
costs
2022
£
3,360

The breakdown of this expenditure by type of spending (ie by nominal classification and by fund) is detailed in note 30

30