2020-11-20-accounts

CHARITY REGISTRATION NUMBER: 1134986

PLYMOUTH ISLAMIC EDUCATION TRUST UNAUDITED FINANCIAL STATEMENTS 20 NOVEMBER 2020

HM WILLIAMS Chartered Certified Accountants

5 Sandy Court Ashleigh Way Plymouth PL SU

PLYMOUTH ISLAMIC EDUCATION TRUST

FINANCIAL STATEMENTS

YEAR ENDED 20 NOVEMBER 2020

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |PAGE| |Trustees’|annual|report|1| |Independent|examiner's|report|to|the|trustees|6| |Statement|of financial|activities|7| |Statement|of financial|position|8| |Notes|to|the|financial|statements|9| |The|following|pages|do|not|form|part|of the|financial|statements| |Detailed|statement|of financial|activities|13| |Notes|to|the|detailed|statement|of financial|activities|14|

----- End of picture text -----

PLYMOUTH ISLAMIC EDUCATION TRUST

TRUSTEES' ANNUAL REPORT

YEAR ENDED 20 NOVEMBER 2020

The trustees present their report and the unaudited financial statements of the charity for the year ended 20 November 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name	Plymouth Islamic Education Trust
Charity registration number	1134986
Principal office	19 Greenbank Avenue
	St Judes
	Plymouth
	PL48PS

THE TRUSTEES

Mr Mohamed Abu Muganzi
Mr Hichem Cheraga
Dr Mohamed Bajaber	(Resigned 30 June 2021)
My Syed Kobir
Dr Akhlaque Rahman
Dr Azlisham Mohd Nor
MrImamAliDzimbaOmar

INDEPENDENT EXAMINER

Ashley Smith FCCA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Plymouth Islamic Education Trust is a charitable trust for general charitable purposes established by a Charitable Trust Deed dated 13 February 2005 as amended on 19 June 2005. This Trust Deed was replaced by a new Trust Deed executed on 7 January 2008.

The transition to the new charity from the old (charity number 1111026) including the transfer of assets and liabilities was completed on 22 October 2010.

Trustees

The power to appoint new trustees is vested in the trustees and may be exercised by a majority thereof.

Trustees are recruited and appointed so as to ensure that the board taken as a whole has a range of competencies and experience appropriate for a community charity of this size. New trustees are provided with a full induction to the charity and training is provided where required. The Trustees have received no remuneration or expenses nor has any person connected with them.

-‘1.-

PLYMOUTH ISLAMIC EDUCATION TRUST

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 20 NOVEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Trustees’ responsibilities

The Trustees have a duty to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and its income and expenditure for that year. In preparing those financial statements, the Trustees are required to:

• Select suitable accounting policies and then apply them consistently

• ¢ Make judgements and estimates that are reasonable and prudent, and

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue its activities.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that the financial statements comply with statutory requirements, the Charitable Trust Deed and the Statement of Recommended Practice on Accounting and Reporting by Charities of March 2005.

Organisational structure

Decisions are made either by the Trustees as a whole or by a committee of the Trustees.

Risks

The major risks to which the charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate these risks.

OBJECTS

Objects

The objects of the charity are to:

• apply its resources, at the discretion of the Trustees, to promote the benefit of the inhabitants of Plymouth and neighbouring areas by associating together local authorities, voluntary bodies and said inhabitants in a common effort to advance education, in particular, in relation to Islam and the customs, cultures and beliefs of Islamic peoples; and

• provide facilities for recreation or other leisure time occupation in the interests of social welfare and with the object of improving the condition of life of said inhabitants by such exclusively charitable means as the Trustees shall from time to time determine.

ois

PLYMOUTH ISLAMIC EDUCATION TRUST

YEAR ENDED 20 NOVEMBER 2020

OBJECTS (continued)

Aims

The aims of the Trustees are to:

• advance education in relation to Islam for Muslims and non-Muslims alike:

• work in a common effort with agencies and individuals in Plymouth and the surrounding areas for the advancement of Islamic understanding and awareness, creating mutual tolerance and respect;

• run the finances of the charity according to good practice as a registered charity, to take part in fundraising activities and to set up a charity mosque and cultural education centre in Plymouth;

• promote the work of the charity with individuals, agencies, materials, media and through technology including the charity website;

• support social activities for recreation and leisure; and

• support the welfare of Muslim men and women and communities.

Objectives

The objectives of the Trustees are to build on the charity's achievements to date by raising the funds needed to pay for the complete refurbishment of the charity's freehold property for which planning permission has now been obtained.

Strategies

• ¢ raise funds as widely as possible both inside and outside the United Kingdom; and

• prepare an operating plan for the building that will set out both sources of continuing income and likely expenditure including employment costs.

PUBLIC BENEFIT

Taking fully into account the above objects, the Trustees have concluded that the charity meets the public benefit requirement because:

1) the benefit that arises from the charity's aims is that the charity is able to advance education in relation to Islam for Muslims and non-Muslims alike;

2) the charity's aims intend to benefit the inhabitants of Plymouth and neighbouring areas;

3) there are no restrictions on who can have the opportunity to benefit; and

4) nobody receives any private benefit from the charity.

a

PLYMOUTH ISLAMIC EDUCATION TRUST

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 20 NOVEMBER 2020

ACHIEVEMENTS AND PERFORMANCE

Charitable activities undertaken

The Trustees have undertaken a number of activities:

• research support and resources;

• — access to various library, literature and cultures;

• ¢ — legal and social analysis;

• organisational and logistical support;

• meeting space for both religious and community leisure;

• ¢ training and learning opportunities;

• communications; and

• women's health.

Factors relevant to achievement of objectives

The factors relevant to the achievement of the Trust's objectives include:

• the employment of professional advisers;

• an annual review of targets to maintain constant progress; and

• an updated risk assessment

a

PLYMOUTH ISLAMIC EDUCATION TRUST

YEAR ENDED 20 NOVEMBER 2020

FINANCIAL REVIEW

Review of financial position

Incoming resources were £65,534 (2019 - £209,964). Resources expended totalled £113,450 (2019 - £206,100). Net movement in funds were £(47,916) (2019: £3,864).

Reserves

It is the policy of the Trustees that income reserves be kept to a minimum of twelve months running costs. Total unrestricted income reserves at 20 November 2020 were £294,555 (2019: £342,471).

Permanent Endowment Fund

The capital account represents the freehold property investment net of the loans obtained to finance its acquisition.

Unrestricted Fund

Surplus income arising during the year is added to the general unrestricted fund and is available for future charitable purposes.

Principal funding sources

The principal funding source of the charity is donations. Expenditure in the year under review has supported the key objectives of the charity by facilitating the activities mentioned above.

PLANS FOR THE FUTURE

The Trustees' plans for the future include:

• ¢ — editing and printing of educational materials and reports: ¢ developing of submissions to government; * project supervision and management: * — strategic planning; and * — software and computer use. |

• The trustees’ annual report was approved on ............1.....J..0..-Ce {iol22.and signed on behalf, ofthe board of| trustees by:

Dr Azlisham Mohd Nor Trustee

aSie

PLYMOUTH ISLAMIC EDUCATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES

a aYEAR ENDED 20 NOVEMBEReae eee 2020

			2020		2019
		Unrestricted		Endowment
	Note	funds £	funds £	Totalfunds £	Total funds z
Income and endowments
Donations and legacies	4	65,534	-	65,534	209,964
Total income		65,534	~	65,534	209,964
Expenditure
Expenditure on charitable activities	5,6	113,450	-	113,450	206,100
Total expenditure		113,450	-	113,450	206,100
Net (expenditure)/income and net	movement
in funds		(47,916)	-	(47,916)	3,864
Reconciliation offunds
Total funds brought forward		342.471	340,000	682,471	678,607
Totalfundscarriedforward		294,555	340,000	634,555	682,471

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ee SENATEThe notes on pagesSO Min9 toier11 formae, part of Aad theseaie financialSi a statements.

obs

PLYMOUTH ISLAMIC EDUCATION TRUST

STATEMENT OF FINANCIAL POSITION

20 NOVEMBER 2020

		2020	2019
	Note	£	£
FIXED ASSETS
Tangible fixed assets	12	633,229	635,030
CURRENT ASSETS
Debtors	8	312	197
Cash at bank and in hand		42,480	114,356
		42,792	114,553
CREDITORS: Amounts falling due within one year	9	41,466	67,112
NETCURRENT ASSETS		1,326	47,441
TOTAL ASSETS LESS CURRENT LIABILITIES		634,555	682,471
NET ASSETS		634,555	682,471
FUNDS OF THE CHARITY
Endowment funds		340,000	340,000
Unrestricted funds		294,555	342,471
Totalcharityfunds		634,555	682,471

These financial statements were approved by the board of trustees and authorised for issue on 2b [(0].22 and are signed on behalf of the board by:

Dr Azlisham Mohd Nor Trustee

The notes on pages 9 to 11 form part of these financial statements.

='9s

PLYMOUTH ISLAMIC EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 20 NOVEMBER 2020

1. GENERAL INFORMATION

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address ofthe[principal][office][is][19][Greenbank][Avenue,][St][Judes,][Plymouth,][PL4][8PS.]

• 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][Charities][Act] 2011.

1. 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.

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

Incoming resources are accounted for on a receivable basis. Incoming resources from endowment funds are not restricted and are accounted for as unrestricted funds. No incoming resources are deferred. No incoming resources have been included net of expenditure.

RESOURCES EXPENDED

Liabilities are recognised when they arise.

DEFINED CONTRIBUTION PLANS

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

aiGic

PLYMOUTH ISLAMIC EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 20 NOVEMBER 2020

3: ACCOUNTING POLICIES (continued)

DEFINED CONTRIBUTION PLANS (continued)

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding ofthe[discount][is][recognised][as][an][expense][in][the][period][in][which][it][arises.]

4. DONATIONS AND LEGACIES

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		£	£	£	£
	DONATIONS
	Donations and Other Income	65,534	65,534	209,964	209,964
5.	EXPENDITURE ON CHARITABLE	ACTIVITIES BY FUND TYPE
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		£	£	£	£
	Charitable Activities	110,670	110,670	163.781	163,781
	Support costs	2,780	2,780	42,319	42,319
		113,450	113,450	206,100	206,100
6.	EXPENDITURE ON CHARITABLE	ACTIVITIES BY ACTIVITY TYPE
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2020	2019
		£	£	£	£
	Charitable Activities	110,670	=	110,670	163,781
	Governance costs	-	2,780	2,780	42,319
		110,670	2,780	113,450	206,100
7.	NET (EXPENDITURE)/INCOME
	Net (expenditure)/income is stated after	charging/(crediting):
				2020	2019
				£	£
	Depreciation oftangible fixed assets			2,201	2,310
8.	DEBTORS
				2020	2019
				£	£
	Prepaymentsandaccruedincome			312	197

«1h

PLYMOUTH ISLAMIC EDUCATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 20 NOVEMBER 2020

9. CREDITORS: Amounts falling due within one year

	2020	2019
	£	z
Accruals and deferred income	$572	5,584
Social security and other taxes	2,280	4,593
Creditors	1,214	535
Loans	32,400	56,400
	41,466	67,112

10. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £201 (2019: £Nil).

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

		Unrestricted	Endowment	Total Funds
		Funds	Funds	2020
		£	£	£
Tangible fixed assets		293,229	340,000	633,229
Current assets		42,792	~	42,792
Creditors less than		year	(41,466)	—
Net assets		294,555	340,000	634,555
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2019
		£	£	£
Tangible fixed assets		295,029	340,000	635,029
Current assets		114,553	_	114,553
Creditors less than		year	(67,111)	-
Netassets		342,471	340,000	682,471

=...

PLYMOUTH ISLAMIC EDUCATION TRUST

MANAGEMENT INFORMATION YEAR ENDED 20 NOVEMBER 2020

The following pages do not form part of the financial statements.

213 =

PLYMOUTH ISLAMIC EDUCATION TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 20 NOVEMBER 2020

	2020	2019
	£	£
Income and endowments
Donations and legacies
Donations and Other Income	65,534	209,964
Total income	65,534	209,964
Expenditure
Expenditure on charitable activities
Wages and salaries	14,163	32,348
Pension costs	201	-
Rates and water	1,794	2,742
Light and heat	6,798	7,815
Repairs and maintenance	71327	53,484
Insurance	L378	1,318
Other establishment	588	309
Legal and professional fees	2,418	41,532
Telephone	1,019	1,041
Other office costs	1s	1,153
Depreciation	2,201	2,310
Other interest payable and similar charges	366	787
Advertising	300	22,594
Events costs	5,390	26,976
Donations	216	216
Volunteers’ expenses	3,780	11,475
	113,450	206,100
Total expenditure	113,450	206,100
Net(expenditure)/income	(47,916)	3,864

Pl es

PLYMOUTH ISLAMIC EDUCATION TRUST

NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 20 NOVEMBER 2020

		2020	2019
		£	£
Expenditure on charitable activities
Charitable Activities
Activities undertaken directly
Wages		14,163	32,348
Direct charitable activity		- pension costs	201
Rates and water		1,794	2,742
Light and heat		6,798	7,815
Repairs and renewals		71,327	53,484
Insurance		1,378	1,318
Sundry expenses		588	309
Telephone and computer	costs	1,019	1,041
Postage and stationery		L511	LJIS3
Depreciation		2,201	2,310
Direct charitable activity		- other interest payable and similar charges	4
Advertising		300	22,594
Events costs		5,390	26,976
Donations		216	216
Volunteers expenses		3,780	11,475
		110,670	163,781
Governance costs
Accountancy fees		2,418	2,394
Legal and other professional fees		—	39,138
Bank charges		362	787
		2,780	42,319
Expenditureoncharitableactivities		113,450	206,100

-14-