Charity number: 1131380
Welsh Islamic Cultural Association Swansea
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
Welsh Islamic Cultural Association Swansea Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
Welsh Islamic Cultural Association Swansea Report of the Trustees For the year ended 31 March 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Welsh Islamic Cultural Association Swansea (WICAS) is a well established UK registered charity organization. The mission statement of WICAS is to promote understanding of the religion of Islam and its true values, the harmony of local communities as well as promoting good health and well-being of all residents of Swansea and neighboring areas by providing prayer, meditation, recreation and social activities in premises and environments that are both comfortable and accessible to all.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Progress Update
Following the approval of planning permission for the renovation of Sketty Mosque & Community Centre, we invited quotations for the renovation work. Over five construction companies were engaged and two were shortlisted for the final discussions/interviews. Follow detailed discussions with the experts and community members, WICAS appointed Vaughn Construction Ltd. as the contractors for the renovation work. The overall value of the contract was £550,000 plus VAT, however, due to different modifications including the installation of Dome and classrooms, the overall project cost is estimated to be £800,000 including VAT. The increase in material costs and delay in supply chain also negatively impacted the overall cost of the project.
WICAS received a grant of £250,000 from Welsh Government's Community Facility Fund which was match funded by WICAS through community fund raising. The building work started in Nov. 2021 and is expected to complete in February 2023.
WICAS is hoping to open the building from March, 2023 as a mosque and community centre. The building will serve as a centre for educational and community cohesion activities. In addition to daily prayers, the building is designed to cater for daily educational activities for youth and young children. The two halls are fitted with movable walls to create four classrooms sin the two halls. The main prayer hall, office and foyer will offer additional spaces for small scale teaching.
The main prayer hall will be dedicated for the daily prayers; however, the original hall and the mezzanine floor will be used as multipurpose facility to accommodate wider community needs. The facility will also be available for public service surgeries and community cohesion activities.
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Achievements against objectives
Iqra Academy
WICAS is offering Islamic education to children aged 5-18 years through Iqra Academy. The classes are designed for weekend learning, however, due to Covid restrictions, most of the classes were held online thus allowing the flexibility to hold classes throughout the week.
Over 25 volunteers support the educational activities. Over the last one year, over 100 pupils studied Quran and Islamic studies from level 1 to level 9.
Eid in the Park (EITP)
Due to Covid-19 restrictions, Eid in the Park activity was not planned for 2021 and 2022. The committee will continue to review the social distancing rules to resume the activity in 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unicorporated charity.
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Welsh Islamic Cultural Association Swansea Report of the Trustees Continued For the year ended 31 March 2022
Recruitment and appointment of trustees
Board of Trustees
The Board of Trustees is appointed to provide strategic vision and safeguarding of major projects. Board of Trustees are elected for a five-year term and have a specific remit of overseeing major projects including purchase and refurbishment of the WICAS property as and when proposed by the management committee. The Board of Trustees includes Prof. Parvaiz Ali, Dr. Saad Al-Ismail, Dr. Mustafa Mukhaiber, Dr. Ahmed Salamat and Dr. Shahzad Ather.
Management Committee Trustees
The Management Committee Trustees are responsible for all activities and operational management of WICAS. These trustees are elected for a two-year term and act as a front-facing committee. Current Management Trustees elected in 2021 are Dr. Syed Farooq Shah, Dr. Akter Hussain, Dr. Khalil Khan, Mr. Riaz Hassan, Mr. Nasir Shahzad, Mrs Gulnahar Begum, Ms Aisha Rehana and Mrs Adeela Iqbal.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Welsh Islamic Cultural Association Swansea Charity registration number 1131380 Principal address 85 Gabalfa Road Sketty Swansea SA2 8ND
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Dr Mustafa Mukhabir Dr Shahzad Ather Mr Farooq Shah Mr Khalil Khan Mr Nasir Shahzad Mr Parvaiz Ali Mr Riaz Hassan Mr Saad Ismail Mrs Adeelah Iqbal Mrs Gulnahar Begum Ms Aisha Rayhanna Amer Dr Ahmed Salamat Independent examiner Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 27 January 2023 Mr Nasir Shahzad
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Welsh Islamic Cultural Association Swansea Independent Examiners Report to the Trustees
For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and 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.
Independent examiners statement
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts 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.
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 Shahid
FCCA Mibsons Limited 180 Birmingham Road West Bromwich West Midlands B70 6QG
27 January 2023
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Welsh Islamic Cultural Association Swansea Statement of Financial Activities For the year ended 31 March 2022
| Notes | Unrestricted | Restricted | 2022 | 2021 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 541 | 589,606 | 590,147 | 1,867 |
| Charitable activities | 3 | - | 5,470 | 5,470 | 4,010 |
| Total | 541 | 595,076 | 595,617 | 5,877 | |
| Expenditure on: | |||||
| Charitable activities | 4 | - | (23,399) | (23,399) | (18,557) |
| Total | - | (23,399) | (23,399) | (18,557) | |
| Transfers between funds | (392,280) | 392,280 | - | - | |
| Net movement in funds | (391,739) | 963,957 | 572,218 | (12,680) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 440,860 | 11,954 | 452,814 | 465,494 | |
| Total funds carried forward | 49,121 | 975,911 | 1,025,032 | 452,814 |
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Welsh Islamic Cultural Association Swansea Statement of Financial Position As at 31 March 2022
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 7 | 464,327 | 271,258 |
| 464,327 | 271,258 | ||
| Current assets | |||
| Debtors | 8 | 1,595 | 1,326 |
| Cash at bank and in hand | 560,190 | 182,579 | |
| 561,785 | 183,905 | ||
| Creditors: amounts falling due within one year | 9 | (1,080) | (2,349) |
| Net current assets | 560,705 | 181,556 | |
| Total assets less current liabilities | 1,025,032 | 452,814 | |
| Net assets | 1,025,032 | 452,814 | |
| The funds of the charity | |||
| Restricted income funds | 10 | 975,911 | 11,954 |
| Unrestricted income funds | 10 | 49,121 | 440,860 |
| Total funds | 1,025,032 | 452,814 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Nasir Shahzad Trustee
27 January 2023
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Welsh Islamic Cultural Association Swansea Notes to the Financial Statements For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Welsh Islamic Cultural Association Swansea meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity, and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are those which are to be used as per specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
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:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2% Per annum on cost
2. Income from donations and legacies
| Unrestricted | Restricted | 2022 | 2021 | |
|---|---|---|---|---|
| funds | funds | |||
| £ | £ | £ | £ | |
| Donations received | 541 | 589,606 | 590,147 | 1,867 |
| 541 | 589,606 | 590,147 | 1,867 |
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Welsh Islamic Cultural Association Swansea Notes to the Financial Statements Continued For the year ended 31 March 2022
3. Income from charitable activities
| Restricted funds Iqra Institute Income from charitable activities Food Bank Income from charitable activities osts of charitable activities by fund type Restricted funds Eid In The Park Sketty Islamic Centre Iqra Institute Support costs nalysis of support costs Governance costs et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees |
2022 £ 2,860 2,610 5,470 2022 £ - 19,749 2,570 1,080 23,399 2022 £ 1,080 2022 £ 9,794 1,080 |
2021 £ 4,010 - |
|---|---|---|
| 4,010 | ||
| 2021 £ 936 14,453 2,328 840 |
||
| 18,557 | ||
| 2021 £ 840 2021 £ 5,737 840 |
4. Costs of charitable activities by fund type
5. Analysis of support costs
6. Net income/(expenditure) for the year
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Welsh Islamic Cultural Association Swansea Notes to the Financial Statements Continued For the year ended 31 March 2022
7. Tangible fixed assets
| Cost or valuation At 01 April 2021 Additions At 31 March 2022 Depreciation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 |
Land and Buildings £ 286,837 202,863 |
|---|---|
| 489,700 | |
| 15,579 9,794 |
|
| 25,373 | |
| 464,327 | |
| 271,258 |
8. Debtors
| Amounts due within one year: Prepayments and accrued income reditors: amounts falling due within one year Other creditors Accruals and deferred income |
2022 £ 1,595 1,595 2022 £ - 1,080 1,080 |
2021 £ 1,326 |
|---|---|---|
| 1,326 | ||
| 2021 £ 429 1,920 |
||
| 2,349 |
9. Creditors: amounts falling due within one year
10. Movement in funds
Unrestricted Funds
| General General fund |
Balance at 01/04/2021 £ 440,860 440,860 |
Incoming resources £ 541 541 |
Outgoing resources £ - - |
Transfers £ (392,280) (392,280) |
Balance at 31/03/2022 £ 49,121 |
|---|---|---|---|---|---|
| 49,121 |
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Welsh Islamic Cultural Association Swansea Notes to the Financial Statements Continued For the year ended 31 March 2022
Unrestricted Funds - Previous year
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/04/2020 | resources | resources | 31/03/2021 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General fund | 453,540 | 5,877 | (18,557) | - | 440,860 |
| 453,540 | 5,877 | (18,557) | - | 440,860 | |
| Restricted Funds | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | ||
| £ | £ | £ | £ | £ | |
| General fund | 11,954 | 595,076 | (23,399) | 392,280 | 975,911 |
| 11,954 | 595,076 | (23,399) | 392,280 | 975,911 | |
| Restricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2020 | resources | resources | 31/03/2021 | ||
| £ | £ | £ | £ | £ | |
| General fund | 11,954 | - | - | - | 11,954 |
| 11,954 | - | - | - | 11,954 |
11. Analysis of net assets between funds
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General fund | 271,258 | (222,137) | 49,121 |
| Restricted funds | |||
| General fund | 193,069 | 782,842 | 975,911 |
| 464,327 | 560,705 | 1,025,032 |
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Welsh Islamic Cultural Association Swansea Notes to the Financial Statements Continued For the year ended 31 March 2022
| Previous year Unrestricted funds General General fund Restricted funds General fund |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 271,258 169,602 440,860 - 11,954 11,954 |
|---|---|
| 271,258 181,556 452,814 |
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