FINANCI.4L STATEIIE%TS FOR THE I-EAR EliDED20 INOI'EJIBER 2021 FOR THE PLI"IlJOI"TH ISL.4.IIIC EDliC.4TION TRliST CH_ARITI. NI,'IIBER 1134986
THE PLI".IIOI'TH ISL.AIIIC EDI':C.4TION TRI'ST CH.&RITI' NI".IIBER 1134986 CONTENTS OF THE FIN.4)CI.IL ST.ATEIIENI'TS FOR THE I'EAR ENDED 20 NOI-EIIBER Z021 Gener31 Infomiation Tnjsiees. Report Independent Examin&s Report SL*emeni of Finao¢ial A¢tiwiti¢s Balance Sheei otes LO the Fin2n¢ia] Staiements
THE PLI"IIOI'TH ISL4IIIC EDLIC.ATIOI TRUST GE.NEK4L INFORII.4TIO FOR THE I"E.4R ENDED 20 )01-EIJBER202J CONSTITITTION D.4TED: TRI"STEES-. tr NlohamLyJ..lknJ IT Ilichem Lkn¢rdga -Ir Kobir DrtWi[J4. Rahmao Dr.-Izlisham Ixlohd Nor Imttm DLimbaOmar CFL4RITI' REGISTK4TIO.N INI'IIBER: 1134986 PRIII CIP.4L OFFICE: 19 Grttnbank Ai"enu¢ SI PliTrouth PL4 8PS OWECTS: The benefii ofthe inhabiugnts of Pliitwuth bi" associ&iirt¢ 102ithir l(Kal auihoriiie& iolunwi b(MJie aEMI s&id inhabiianis in a comrnon effort io adl"arecdCalIujL in particular in tt110 10 Islam and th¢ cwstOEn& ruliuTes atMI I[1trS of Js-lamic Pil)ples IN4DEPENI DENT EI4I11NERS: ChTrrtLyL ClrtIfI1 rlcLOlmlartiS 5 Sandi" Court AshlL'ieh 11-ai" Pl¥Thp¢on Pllmouth Pl.7 ij B.&%RS: N4ionaJ mrnIn51<[ Bank. PLC Pll'mouih Ciii" CLYLifi Branch 14 ()Id Toi%TL Pli'rEM)uih PLI IDG SOLICITORS: 5 Kimknlel" Road Lth)don Page I
THE PLYMOUTH ISLAMIC EDUCATION TRUST CHARITY NUMBER 1134986 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED ?0 NOVEMBER2021 The Trustees present their rerA)rt together '11h the financial 5tatetnents for th¢ TnESi for the l'ear ended 20 November 20?1. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitutio The Pll'mouih Islamic Education Trust is a chariiable 51 for uenerdl charirable purposes establtshed b}, a Chariiable Trust Deed dated li Febtuati. ?(H)i as amended on 19 June IOO). Thi5 Trust Deed li.as replaced bj. a nei¥. Tt Deed eiecuied on 7 JanuaTh" ?008. Tht transition 10 ih¢ nei%. charir¥" from the old {charl. nurnber I I110?6} including rhe transfer of assets and liabilities il'as completed on ?? Ocrober ?010. Trustees The Trusitts ai ihe date of thi5 report and during the financial period covered bv the f]naD¢ial 5taiements ii'ere as foll(Trivs.' fvtr Mohamed Abu Muuanzj Ir Hichem Cherdua Dr Mohamed Bajaber {re5i£ned iO.'06r?O?l ) Ir Syed Kobir Dr Akhlaque Rahman Dr Azlisham Mohd Nor I[na Ali DziThba Omar The power to appoint neil. tn]stees is i'esied in the tnjsttts and . be exercised b) a maioriTh thereof. TFUStees are recruiied and appoinied so as to ensure that the board thk-en as a ii'hole has a ranue of competencies and experience appropriaie for a communiTh" charit%. olthÉs 5ize_ Neil. tyusiees are provided ii'ith a full induetion to the harin. and training 15 provided ii'here required. The Trustees hal'e receitred no remuneraiion or expenses nor has an) person ¢onnecied ii'iih them. Trustees. responsibilities The Truslees have a dut). to prepare fu]ancial slaternents for each fancial )"ear ifvhieh tiive a true and fair vieiv of the slate of aftairs of ihe Trust and its intome and expenditure for ihai }'ear. In preparino those flnancial statelnents. the Trustees are required to". Select suitable accounting policies and then appl!- them consistently- Make judgemenis and esiimaies thai are renable and prndeni. aJ)d Prepare ihe Iinaneial 51aiements on the £oing concem basKs unle55 it Is inapproprtate to presume that the Trust The Twsiees are responsÈble foi keepino proper accowjiing records ii.hich disc105e ii'ith reasonable accuraci. at an!. titne the financial p)sition of ihe Trust and 19 enable rhem io ensure ihat the financial Statements compl!. ii.ith the Charitie5 Aci ?01 l. The}. are also restK)n5ible for safeeuardino rhe assets of the Trust and hence for tak'inq rea50nable steps for the pieveniion and delectkon of fraud and other irregularities. The Ttustees tontitm that the financial sta(ements compli. i%"iih staiutor%" rtquiremtnis. the Charitable T1 tked and the Siatetnenl of Recotnrnended Praciice on Accouniino and Reportinu b!. CharlilL of March ?OOi.
Organisational structure Decisions are made either bv the Trnsiees as a ii'hole or bi" a committee of the Trustee Risk5 Th¢ major risks to ii'hi¢h ihe charl. is expose& as ideniified b!" the TTU5tees. have been reviJi'ed and sl'srems have been established to mitiuate these risks. ORIECTS Objects The objects of the charity. are to= appli, its resgurces. ai Ihe discretion of the TwsEees. io promote the benefit of the itthabiianis of Plymouth and nei(Thbourin2 are bl. associaiing iogeiher local authorities. volut]iarn" bodies artd said inhabitsnts in a Common ¢tTon to adN'ance educaiion. in panicular. in relaiion 10 Islam and the customs. culiures and beliefs of Islamic peoples; and proN'ide faciliiies for recrearion or oiher leisure time occupation in the interests of social ii'elfare and wilh the object of improving ihe condiiion of life of said inhabitants b)- such exclusiyel) charithble means as the TTusiees shall from lime io time deiem)ine. Aims The aims of the TNsiees are to: advante education in relation to IslatTt for Muslims and non-muslims alike-. 'ork in a common effort ii'ith ao¢n¢ies and individuals in Pli'mouth and the surmundin£ areas for ihe advancertieni of Islamic undersiandino and aii'areness. creatino mutual tolerance and rtspect: run the fmances of the charit%. accordinu to ¢yood practice as a regisiered charits.. ro iak"e part in fimdraksing activities and to set up a charit%. mosque and culrnral educaiion cenire in Pll'mouth: promote the ii'ork. of the chorio. ii'ith individuals. enCieS. maierials. media and Ihtouth(r technolog}. including Ihe chariry %v¢b5iie: support social aciiviiies for recreation and leisure- and support the ii"elfare of Mu51irn and li.omen and communities. ObjectiTres The objectives of the TTusiees are io build on ihe charity. s achieiements io dale th. rdisino the fund5 needed to paj. for the cotnplete refuTbishtnent of the chariTh' s freehold propem. for 'hiCh plannino perniissi(m has noii. been obtained. Strategie5 The sirdteoies ofthe Trusiees are io-. raise lunds as i%'idel!' &% $sible both inside and outside the United Kin£dom' and prepare an operdtino plan for th¢ buildino lh* i%'ill set our both sources of COEJtinuing income and likel). ¢xpendi(llre including emplos.meni costs. Pa%t3
PUBLIC BENEFIT Takinu full&. into account the above objects. the TnJstee5 have concluded ihai rhe charit) meets the public benefit requtMent because: 11 the benefit that arises from ihe charirn"'s aims i5 that the charity. is able io advance education in relation to Islam for Nluslims ond non-muslims alike= ?) Ihe charity. s aims intend to benefii the inhabiiat]t5 of PINinouth and neighbouring areas.. 31 there are no restrictions on ii'ho can ha¢ ihe op(M)rtunin' io benefi[= and 4} nobod). receives an!. privaie benefii from the charin". ACHIEVEMENTS AND PERFORMAP4CE Charitable actiTritie5 undertsken The Trnsiees have undertaken a number of activiiies: research support and resources: access to various library. literature and cultures- leoal and social anal)'sis- or(Tanisational and looistical support- rneeting space for both relitsious and commullih- leisure. irainin¥ and learnino opportunities; communications- and 'omen's health. Factors rele.an1 to achietremeni of objecti)"e5 The factors relevani io the achievement of the Trust's objeciives tnclude: Éhe emplojinent of professional advisers: annual revie1. of targets to maintain consta]t pro£ress: and an uyjared risk assessment. FINANCIAL REVIEW Review. of finaneial position Incom2no resourct5 Iv¢re £7?i15 (?0?0- £65.i34). Resources expended totalled £87.i9? ?0?0- £113.4) I l. Net outuoints resources ii'ere £15.2771?0?O: ner ouitioino resources £47.917). Reserves li is the policv of che TTusiees ihai income reserves be kepi io a minimum of M'elt months runnin£ costs. Total unrestricied income reserves ai ?0 Notrember ?0? l ii.ere £*79.7781?0?0'. £?94. jiil. Page4
PernJ2nent End0.ent Fund The capiknl account represents the freehold propem" ini"esimeni nei of the loans obthined to finance its acquisition. UNre5tricted Fund Sutplus illeOTne aTisinu durinu the lear is added io the uenernl unrestricied fund and is a'allab]e for tUre charitable purposes. Principal fundino sources The principal lundinv source of the charin. is (lonaiions. Expendiwre in the l'ear under re.]e}1' has sUPPOrt¢d the ke), objeciives ofihe chariry. . faciliiaiing the aciiviii¢s meniioned aVe. Plans for the futllr¢ The Trusiees plans for the furnre include= editing and priniine of educational materials and retrfms- developinv ofsubmissions io £0.¢mMeDl= projeci supervision and manatiemeni= stTrteuic plannin(r: and sothi'ure and compuier use. Signed on behalf of the Trusrees Dr Azlisham Mohd Nor Daied P#gt5
THE PLYMOUTH ISLAMIC EDUCATIOIY TRUST IINDEPENDEi*iT EXATri IIINER'S REPORT to the Trustees ofthe Pli'mouth Islamic Education Trust I report on the accounts of the Trusi for the vear ended ?0 November ?0? I ii'hi¢h are sei out on paue5 7 to 10. Respeciikergsponsibililies ofiriuiees und£rominer The charitN S trusiees ate restK)nsible for the prepardtion of the accounrs. The charitv's trustees consider thai an audii is not required for this J'ear under section I{?} olthe Charities Act ?01 l {the ?01 l Act) and that an independent examination 15 needed. It is m!" responsibiliri. IO.. exatnine the accounts under section 14) of the ?01 l Aa. io follo1 the procedures laid doii'n in the General Direciions £iven b!. the Chariti. Commissioners under section 145(5llbl of the ?01 l Aa: and to siaie i¥hether particular ma(rers ha'e come io ms, alleniion. Mfv examination ilas carried our in accordance 1th the oeneral Directions tiiven b), the Charity. Commission. An examination includes a revieii of the accountino records kept bi" the charitt" and a comparison of ihe accounts presented with those Teeords. li also includes consideraiion of an}" unusual itetns or di5elosuies in the accounts. and Ihe seeking of explanations from }'ou as trustees coneemints an¥" such mattets. The procedures undertak'en do not provide all ihe evidence thai iiould be requed in an audii and consequenil¥' no opinion is uiyen as to ii"hether the accounts preseni a true and fair vieii. and the report is limiied 10 Ihose mauers seÈ out in the statetnent beloii. Independent arnier s slalemeni In eonnection ii.ith m>. eNamination, no matter has come to attention= Ivhich gives me reasonable cause to believe thaL in an!. Marial reSL the requiremenrs (al ro keep accouniing records in acconlance ii'ith section lio of ihe ?01 l Aci and (bl 10 prepare accounis ii'hich accord ii'iih the accouniino records and to compli '1th the accounting requirements of ihe ?01 l Act hatre not Iert met" or to iTr'hich. in opinion, attention should be drdiim in order to enable a proper under5talldinu of the accoun(s io be reached. AshleN Smiih FCCA CTA H M W'illiams 5 Sandi Court AshIe1th Wa). PIN"mpion Pl)'mouth PL7 iJX Date.. ?6 Februarn. ?074 Pagt6
THE PLI-IIOITH ISL.4111C EDI'C.4TION TRusr CH_4RITI' NL'..IIBER 1134986 STATEIllEST OF FIN.4INCL4L.4CTII'ITIES FOR THE I"EAR E)1 DED20 Ol"E)IBER 2021 I'nrestrided Income Fund Pemanent Endow'ment Fuod Totsl Fu]Jds l'ear ended 20 Noi'ember 2021 Totsl Funds l.ear ended 20 Tr401'ember 2020 IINCONIIIYG RESOL,RCES No*s Other intomimg resources (irJnL% dnd dundiion Ini'esimeni iniome 72J15 65534 TOT.4L INCOIlllNI G R£SOLiRCES 72J15 72J15 65.534 RESOURCES EVEIYDED Charitsbl¢ xctii'itits .9?8 .978 111,033 Govtrnllte t05t5 ,ludit and acLUnnO. Le£Jl and profissional ftts 2.664 2.418 TOTAL RESOURCES EIPEINDED 8759• 87J92 113.4il NET IINCOII IING RESObRCES 15.?77 J5.277 47.917 T114%SFERS BETII'EEN FliNDS TOTAL Fl,Ds BROLIGHT FORII'.4RD 340.000 682.472 TOTAL FUNDS C.4RRIED FORII'.4RD 77y.?78 340.0 619.278 634,555 The notes on PagL 9 and 10 fonn part ofiht financia] Pay7
TIIF. PI.} IJOITII I%I_IIIJC.- EDI C'_ITIVN Tml'sr CIL4Rfi'i' %i'iiB Tr.R IINW B.11...I%CF SIIF_F_T N'otes 2021 2D?O Tr'IIED..ISSF'TS rr¢LholJ protKm FlUrLdrtJ tillin 6?9.441 679.441 3.788 633,229 Ci"RRF.NT.ISSF.TS tkbiofsllr Pr¢%7L1ES Cknh 312 4?.475 96.- Ci'RRL.XI' LI..IBILITJTr.S Cr¢diiors LKidl SCLunts otlr t4LXeS 7.7?7 1481 4.NgOD 6.7 2.280 314 41.4 NF.T CI"RRF.NT..ISSF.TSII1_I.IBILttlES) 11.93? lJ26 TOT..NI...I*SF.TS 619J48 634.jji RTr.PRF.SFNTF.D BI- U¥s¢ll¢ld lund5 Lth)innl t1 ri9 ?7R 294.455 3411.IHI TUT,tL FI)DS 61y ?78 SIneO bclb3lforthpTn]l J)I..ITli5b3tn Ilom Nor Dw¢d aglil i The Onpa8 9 arKi 10 fotmP%miof fIrSl31stanthL5
THE PL)'IllOI'.TH ISL_&_)IIC EDI'C.4TION TRL':ST CH.IRITI" II"IIBER 1134986 OTES TO THE FI%.4NCI.4L ST.4TEIIE%TS FOR THE I'E.4R ENDED20 NOI"E.IIBER 2021 STATE)IEN4T OF.4CCOLilTING POLICIES Basis of atcouDtin The financial 51aiements have been draTr up in accordance ivith the Charities.4¢t ?01 I, the SLltemeni of Recommended Prdciice on .4ecountine and RerM)rtin? b!. Charities of Il&rh ?005. accountinp standards and the historic ¢tssi basis of accountino In¢oming resources resour¢es ate a¢¢ounied for on a re¢eivable basis. Incoming Tesources from endo¥Trinenl fuTrds are noi restricted and are accounted for unresiriaed funds. No incominu Tesour¢es aT¢ deferred. No incoming iesollrces have been inclllded nei of e_Kpenditure. Resource5 eipeNded Liabilities are reco£nised iyhen thev arise. Fund accountinip Unrestricted funds are available for use ai the d[Scr10n of the Trusitts in furtherance of the genernl objecltves of the Charitsble TTUSt. Endoi%inent fuods aTe eipendable (yE hleh represent Ihe capital of the Charitable Trust. Trdnsfers between funds maTr be made ai the disuetion of the Trustees ivithout restrtction. IliCOIII)G RESOtpRCES ISDrestricted Im¢ome Funds 2021 Toul Intome Funds 2020 Donations Ini'estment income 72JJi 72Jli 6i,i34 CHAIUTABLE ACTII"ITIES IN'ages Rates and ivater Insurance Lieht and heat Telephone ptae and stationm" Advertisin2 Repair5 and renewals Volllnieers. e.xpenses Event5 Costs Bank charoes Depreciation Sundr¥ expenses Donaiions 6,676 199 1,898 14J64 .794 lJ78 797 1,019 1,1132 300 71J27 3.780 50,454 11.479 3230 8•7 2.1119 369 2201 216 84.928 216 111.033
THE PLI'IIOliTH ISL.4IIIC EDI.'C.4TION TRLisr CH.-IRITI- NI:"IIBER 1134986 OTES TO THE FI.N.4.NCI.4L ST.4TEIIENTS FOR THE I'E.4R ENDED 20 NOI'E_IIBER202J FIIEDASSETS Freehobj Prnperti" Fixture5 alld Total COST: Ell 20 Noiember ?{)?(} 629A4I 40243 669,684 -Qddiiion Ai ?0 Noi"¢mlxY ?O?I 629,441 40.24J 669,684 DEPRECI.4TIO.N= t ?0 Notimbir 1070 3(455 36,455 Charge for thL YLwr 2,ill9 2.019 AI 10 Noi'tmber 20?1 38.474 38,474 NET Book 1".4LLiE: Ill ?0 Nemt¢r ?O?I 629.411 1.769 631210 .41 ?1 Noi¢ml*T ?O?O 629.441 3,788 633229 FllINDS L"nrestrzcted PerJn¥nent Endowment Fund Total Fund5 Fund Freehold pro]xThm 289WI 629.441 l.-ixiur¢5 and fiuiDg 1.769 ,769 CurrLni assds 44206 44206 Cutreni lidbilitlL 56,138 56.138 279278 619.278 I'hL PLtmJ]k'nt Enth)%imLYJt Fund represents the freelKild [ff0m" & COM kss 9bknit in or(ler 10 linanLL Lls pur£h. The iInTLtLIL InLyMlli Fund ripreseni and in1"¢meI irKome of tKdi1v¥¢. ALIDIT.4ND.4CCOITNI 7.4ICI' "I"hi £? 6fv1 l{lUnian. IL. iolits . prL'FK)raiion of thL aLXY)unts atml examirtaiion for Pa¥e 10