COMPANY REGISTRATION NUMBER: 06611497 CHARITY REGISTRATION NUMBER: 1127246
United Kingdom Islamic Mission Company Limited by Guarantee Unaudited Financial Statements 31 March 2021
SHAIK & CO. LTD Chartered accountants 1145 Oldham Road Newton Heath Manchester M40 2FU
United Kingdom Islamic Mission
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement offinancial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notestothefinancialstatements | 8 |
United Kingdom Islamic Mission
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.
Reference and administrative details
Registered charity name United Kingdom Islamic Mission Charity registration number 1127246 Company registration number 06611497 Principal office and registered 202 North Gower Street office London NW1 2LY The trustees Mr MS Amin Mr M Hussain Mr H B Z Lodhi Mr Z Haq Mr M Qamar Mr M Riaz Independent examiner Abdul Aziz Shaik 1145 Oldham Road Newton Heath Manchester M40 2FU
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United Kingdom Islamic Mission
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 March 2021
Structure, governance and management
GOVERNING DOCUMENT
The Charity was established as UKIM Communities Development and Welfare Limited as a charitable company and registered with the Charity Commission in 2008: Charity number 1127246. The Charity was also registered with Companies House in 2008: Company number 0661497. The governing document of the Charity is the Memorandum and Articles of Association dated 04 June 2008, amended by the members on 15 December 2008, amended by members on 15 December 2019 and further amended on 16 August 2021 by virtue of special resolution. The name of the charity was changed from UKIM Communities Development and Welfare Limited to United Kingdom Islamic Mission on 28 January 2020.
STRUCTURE
The governing structure is described in article 9 of the memorandum and articles of association of the charity. The governing structure comprises of 1- The President 2- The Shura Council
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3- The Executive Board
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4- The Zonal President and Zonal Shura
5- Branches of UKIM and
6- The membership of UKIM
The Charity operates through the head office in London and its branches, established in many cities in the UK. The Charity currently operates with 6 Trustees/directors who have been instructed by the members of United Kingdom Islamic Mission to implement the planned changes and reorganisation as approved by them in the previous years. At the beginning of current period the memorandum and articles of association were approved by both members and charity commission. The Charity is funded by a subscription paid by members and associate members. Many of its sympathisers also donate to support local activities organised by the charity.
FINANCIAL CONTROLS
The trustees endeavour to ensure that the funds and assets of the Charity are safeguarded through its financial controls. These controls are implemented by trustees. The membership also scrutinises the accounts in the annual gathering of members, which is held at least once each year. The Charity tries to review and develop its systems periodically to make improvements in its accounting procedures and financial controls in orderto meet Islamic and legal accounting obligations
RISK MANAGEMENT
The serving Trustee board (referred to internally as the 'Shura') has assessed the major risks to which the Charity is exposed. In particular, those related to the operations and finances of the Charity, and is satisfied that checks and balances, and systems are in place to mitigate the exposure of the Charity to major risks. The central shura and administrative committee will constantly be appraising all its systems with a view to improving them.
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United Kingdom Islamic Mission
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continue)
Year ended 31 March 2021
OBJECTIVES AND ACTIVITIES
The Charity United Kingdom Islamic Mission, Charity Number 1127246 (formerly known as UKIM Communities Development and Welfare Limited) has numerous common objectives and activities as to United Kingdom Islamic Mission: Charity number 250275. This new Charity structure was formed with the view to improve governance and enhance operational activities by reorganisation and shifting structure of existing United Kingdom Islamic Mission (Charity number 250275).
The objectives of UKIM are
" Advancement of Islamic faith for the benefit of the public" Provide relief to those in need or other disadvantages by promoting education, relieving financial hardship and poor health. " The promotion of racial and / or religious harmony for the public benefit. " To promote justice, dignity, human rights and social responsibility throughout the world. " To develop the capacity and skills of members of socially disadvantaged communities of Muslims " The relief of financial need and suffering among victims of natural or other kinds of disaster. " The relief and assistance to victims of war or natural disaster, trouble, or catastrophe in any part of the world
ACHIEVEMENTS AND PERFORMANCE
The trustees are pleased with the performance of the Charity during the year. To initiate the restructure, resource mobilisation has successfully started and the transitional process from the legacy charity has also been begun. This has resulted in the transfer of membership of entire local branch leadership to the new Charity structure.
Funds raised during the year reflects the steady start of operational activities those will continue to enhance with the same pace in the next year.
FINANCIAL REVIEW
The year under review is the first operational year of the revised charity structure. The income of £45,369 (2019: Nil) demonstrate the activities of charity were very limited. This is due to the impact of COVID-19 which hindered the transfer of membership and branches to new charity structure. Over the coming years the Charity will continue to work steadily towards achieving its objectives.
The Statement of Financial Activities shows current assets for the year ended 31st March 2021 of £44,543 (2020: £0.00) representing the surplus on charitable activities. The Trustees were therefore pleased and satisfied with this progress.
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United Kingdom Islamic Mission
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continuea)
Year ended 31 March 2021
PLANS FOR FUTURE PERIODS
As the Charity has already started the transition process, the trustees foresee significant development in governance and structural process. From January 2022 the membership United Kingdom Islamic Mission (Charity number 250275) will transfer to United Kingdom Islamic Mission (Charity number 1127246) and elect their trustees. At the same time United Kingdom Islamic Mission (Charity number 1127246) will become sole corporate trustee of United Kingdom Islamic Mission (Charity number 250275).
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees’ annual report was approved on 23 December 2021 and signed on behalf of the board of tru
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Mr M S Amin Trustee
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United Kingdom Islamic Mission
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of United Kingdom Islamic Mission
Year ended 31 March 2021
| report to the trustees on my examination of the financial statements of United Kingdom Islamic Mission (‘the charity’) for the year ended 31 March 2021.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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| accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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— the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| 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 bea
Abdul Aziz Shaik Independent Examiner
1145 Oldham Road Newton Heath Manchester M40 2FU
23 December 2021
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United Kingdom Islamic Mission
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Total funds | ||
| Note | £ | £ | 53 | |
| Income and endowments | ||||
| Donations and legacies | 5 | 45,369 | 45,369 | 0 |
| Total income | 45,369 | 45,369 | 0 | |
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 826 | 826 | - |
| Total expenditure | 826 | 826 | - | |
| Netincome and netmovement in funds | 44,543 | 44,543 | 0 | |
| Reconciliation of funds | ||||
| Total funds brought forward | se | = | = | |
| Totalfundscarriedforward | 44,543 | 44,543 | 0 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 12 form part of these financial statements.
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United Kingdom Islamic Mission
Company Limited by Guarantee
Statement of Financial Position
| 31 | March 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Note | £ | £ | Ee | £ | |||
| Current assets | |||||||
| Cash at bank and in hand | 45,343 | 0 | |||||
| Creditors: amounts falling due | |||||||
| within one year | 11 | 800 | = | ||||
| Net current assets | 44,543 | 0 | |||||
| Total assets less current liabilities | 44,543 | 0 | |||||
| Net assets | 44,543 | 0 | |||||
| Funds ofthe charity | |||||||
| Unrestricted funds | 44,543 | 0 | |||||
| Totalcharityfunds | 12 | 44,543 | 0 |
For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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° The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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° The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 13 Dece 2021, and are signed on behalf of the board by:
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Mr MS Amin Trustee
The notes on pages 8 to 12 form part of these financial statements.
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United Kingdom Islamic Mission
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 202 North Gower Street, London, NW1 2LY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue for a period of at least twelve months from the date of approval of these financial statements .
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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United Kingdom Islamic Mission
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
- Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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° income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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° legacy income is recognised when receipt is probable and entitlement is established.
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e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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United Kingdom Islamic Mission Company Limited by Guarantee Notes to the Financial Statements (continued)
Year ended 31 March 2021
- Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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° expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ~
- Limited by guarantee
The liability of the members is limited to £1 each in the case of winding up of the Company.
- Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| E | £ | £ | £ | ||
| Donations | |||||
| General Funds | 45,369 | 45,369 | 0 | 0 | |
| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Support costs | 826 | 826 | - | - | |
| 7. | Expenditure on charitable activities by activity type | ||||
| Support | Total funds | Total fund | |||
| costs | 2021 | 2020 | |||
| £ | £ | £ | |||
| Governancecosts | 826 | 826 | - |
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United Kingdom Islamic Mission
Company Limited by Guarantee
Notes to the Financial Statements (continuea
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Year ended 31 March 2021
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8. Independent examination fees
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2021 2020
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 800 -
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9. Staff costs
The average head count of employees during the year was Nil (2020: Nil).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
11. Creditors: amounts falling due within one year
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2021 2020
£ ba
Accruals and deferred income 800 -
Analysis of charitable funds
Unrestricted funds
At
At 31 March 20
1 April 2020 Income Expenditure 21
£ £ £ £
General funds — 45,369 (826) 44,543
At
At 31 March 20
1 April 2019 Income Expenditure 20
z £ £ z
General funds - 0 - 0
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12. Analysis of charitable funds
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United Kingdom Islamic Mission
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
13. Analysis of net assets between funds
| Unrestricted | Total | Funds | ||
|---|---|---|---|---|
| Funds | 2021 | |||
| 2 | £ | |||
| Current | assets | 44,543 | 44,543 | |
| Unrestricted | Total | Funds | ||
| Funds | 2020 | |||
| £ | £ | |||
| Current | assets | - | - |
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