FI%.4%CI.4L ST.4TE.IIE%.TS FOR THE I'E.4R ENDED 20 NOI-E.IIBER21122 FOR THE PLI'.IIOI".TH ISL11[c EDI"'C.4TIOI TRITST CH.4RITI' .NL'.IIBER I 134986
THE PL)'.IIOI'TH ISL.&_IIIC EDI'C.4TION TRI'ST CH.IRITI" NI"IIBER I 134986 COITEITS OF THE FIN.INCI.4L ST..ITEIIE)TS FOR THE I'E.4R ENDED 20 NOI'EIIBER 2092 Genera] Inform*ion Trusiees. Report Independeni Examinerfs Rert SLltement of FiThanciaJ Aciivities Balance Sheet Notes io the Financial Siaiements
THE PLI'.IIOI'TH ISL.4I11C EDI.C.4TION TRL'ST GENEL INFOKII.4TION FOR THE I-EAR E.NDED20.NOI'E,IIBER2022 CONSTITITTIOIN D.4TED.. TRIISTEES.. Ir li lohamed.lbu li luganzi i tr HiLhL4n Chcraoa ,Ilr Si"L'd Kobir Dr.4khl4ue RahtDan Dr Azlisham Ilohd Nor Imam All Dzimba Omar CH.4RITI' REGISTIL4TIOI NI,-.IIBER: I li4986 PR1c[P.L OFFICE: 19 (irccnbank Ai"enue SL JudL Pliinouth PL4 8PS OBJECTS: Thc nLfil of inhabiiants of Pl%iN)uth bi" i1(Ing tOLILther l(ral auihoriiiek iolunUTh" tx)Jic5 and said inhabithnts in a comtnon effort to adianLI' eduLai1. in P3niLular rn relaiion l(Tr Islam an4J the cusioms. culiure5 belief5 of Islamtc pcoplL IINDEPENDENI T E.K4.IIINERS- Fl Nl 11."illiams Chartercd Certified AccounLqnts i Sartdi" Cwrt .45hleitho Il'ai" Pl¥Trpion Pl%'mollth PI.7 iJX B.IN4t&ERS: National Il'eslnLr Bank PLC Plirntsuth Ciii" CLntrL' Branch 14 Old'l wi.n Styed Pliinouth PLI IDG SOLICITORS: I'imne ChambcT5 i KimtKYlei' Road L{k)n .6 7SG
THE PLYI¥IOUTH ISLAMIC EDUCATIOJY TRUST CHARITY Nu]BER I 134986 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED ?0 NOVEMBER 2022 The Twsiees present their rew)rt iogeiher 1(h the financial si*ements for the Trust for the Near ended ?0 Novetnber STRUCTURE. GOVERNANCE AND MAf4AGEMENT Constitution The Plymouth Islami¢ Education Tn1 is a chariiable tsusi for oeneral charitsble purtK>ses e%tabli5hed b!. a Charitable Trust Deed dated li Febn]aTI' ?005 as amended on 19 June ?OOi. This Trnsi Deed replaced b)" a nei%. Trust Deed e¥¢cuied on 7 JanuaTh' ?008. The irdnsiiion ro the nei¥. charity" from the old lehaTit¥" nutnber I I110?61 includinu the transfer of asseis and liabilities Ia$ completed on ?? Ocrober ?010. Trustees The TN5tees at the dale of this reFN)n and during the financial ¢Kriod covered b). the fu]aDcial ststetnents iTrere as follows.. Mr Mohamed Abu Mugonzi Mr Hichem CherJga Mr Sled Kobir Dr Akhlaque Rahma Dr Azlisham Mohd Nor Imam Ali Dzimba Omar The poiver io appoint ne misiees is vested in the Die¢S and maN be eKerci5ed by a majorih. thereof. Tnjsiees are recrniied and appointed so as 10 ensure thai the board tak.en a M'hole has a ronge of compeiencies and experience appropriate for a c0mUni. charih" o(Ihi5 Size. Neil- trusiees are pro¥ided ii'iih a full induciion to the charit%. and traininu is proi"Èded ii.here required. The Trustees have recei&ed no remuneration or expenses nor has any person connected ith them. Tru5tee5' responsibilities The Trnstees have a dury. io prepare finaT]cial 5tatemeTrts for each financial l'ear M'hich oive a tnje and fair i'ieik of the State of affairs of the Trust and Èts incorne and eipendirnre for thai N'ear. In PTeparino those financial siaiemenis. the Trnstees are required io.. Select suiiable accounting policies and then appl!, Ihem constsienilv: lake judoements and estimates thai are reasonable and prudenL and Prepare the fJnancÈal statements on the eoin£ concern basis unless it Is inappropriate io presume thai the Trust ii'ill continue its aciii'iiies. The Trustees are re5ponsiblt for keepinu proper accountin£ records iihich disclose i%'ith reasonable accuracv at any time tht financial position of tht Trnst and to enable them io ensure thai the financial s(acements complK' iiith ihe Chaiiiies Act •OI l. The!. are also responsible for 5aftouardin? the ass¢ts of ihe Trusi and hence for iakinu reasonable steps for the preveniion and deiec(ion offraud and (Triher irreguloriries. The Twsiees confimi that ihe financial sthrernents compl!. i%'ith sthtuiory. requitements. the Charitable Tnt Deed and the Sraiement of Recommended Praciice on A¢counrin2 and Reportino . Charities of March ?OOi.
Organisational structure Decisions are made either by the Trusiees as a uhole or b). a cornnjitttt of the Trusttts. The major risks io itrhich the charir). is exposed. &$ identified b). the Tru%tee¥ have bttn reVIe.ed and sl'stems have been esiablished io miiigaie these risks. OBJECTS Objects The objecis of the charity are to.. appl!. its resource& ai the discretion of the Tru%iee& to prornote the benefit of ihe inhabiiants of Pll'mouih and neighbourino areas b). associaiin(T io¢yeiher local authoritie5. volut]iarn bodies and said inhabiranis in a common effon to advance education. in particulat. in telation to 1513rn and the customs. cultures and beliefs of Islamic peoples.. and provide facilities for recrearion 01 other leisure time occupation in the inierests of social ii'elfare and 1th the object ofimpiovinu the condition of lÈfe of said inhabithnts . such exclusifvelfv charitable means as the Trustees shall from time to titne deterffiine. Aims The aims of the Trusiees are to: advance educaiion in relaiion to Islarn for Musltms and non-muslims alike= iiork in a comm¢)n effort i*iih aoencies and individuals in Pliinouih and the sumjundino areas for ihe advancemeni of Islamic undersiandints and aii"arene55. creatin(r mutual toleTance and respeci: run the finances of the charity accordtng io g(N)d praciice as a registered charity. to take part in fundraisin£ activities and to 5¢t up a chariry. mosque and culrurdl education centre in Pli'mouth- promote the 'or- of the charl. ii'irh individualk agencies. maieriats. media and through ie¢hnolog)' including the chariry i%'ebsire: support social activities for recreation and leisure- and support the ivelfare of Muslim men and ii'omen and communiiies. ObjectiTr'es The objectives of the TNsiees are io build on ihe chariTh" s achievements io dale bi. raisino the funds needed io pa}. for the ¢ompl¢te refurbishmeni of the charl. s freehold propem. for ii'hich planning pemiission hos no1 been obtained. Strategies The sirateoies of the Tnjsiees are io= raise fi]nd5 &8 1%'idelv &5 wbssible IxTrth in5tde and outside the United kinudom: and prepare an operJiing plan for ihe buildino i%'jll sd oui txmh sources of conrinuing income and likel}, e.xpenditure includino emplo}Ineni costs. Pagt 3
PUBLIC BENEFIT Takino tull}' into aeeount the aboye objects. the Trusttts haye concluded thaL the charit) mttts the public benefic requirement kcause.. l) the benefit that arises from the charirn"'s aims is that the charity. is able to advance education in relation co Islam for Muslitns and non-muslims alike= ?) the chariTh s aims intend io benefii the inhabitants of Pliinouth and nei£hlx)urin£ areas- Jl there are no restrictions on ii'ho can hae the opportunit%' to benefit. and 41 nobod!. receives art%. privale knefii from the charih.. ACHIEVEMENTS AND PERFORIIL4NCE Charitable activities undertaken The Trusiees have und¢naL-en a number of aciiviiies= research suppon and resources" access to various librdry.. liternture and cultures- le£al and social anal)sis- organisaiional and logisiical support. meeiints space for IM)th rel jtiious and community leisure- trdining md learning opportuniiies. communicaiions. and M'ornen's health. Factors relei'aTht to 2chieTr'ernent ofobjectii'es The factOT5 relevant to the achievement of the Trust"5 )jeCtiveS include: the emplo}'meni of professional advisers. an annual revieii, of iaroeis io maintain constant prouJes%= and an updated risk assessmeni. FINANCIAL REVIEW ReTriew of financial position Incoming resources i%'ere £86.89? 70?1- £77.j l i). Resourtts expended totalled £l?i.8071?0?1 _ £87,59?}. Net outooino resources il'ere £i6.91 i l?0? l.- net outtsointi resources £ l j.?771. Re5en'es It is the polic!. of the Trustees that income reserves be Lept to a minimum of Thi'elve monEhs running costs. Tothl unrestricted incoTnt rtserves at ?0 No%'etnlkr ?0?? iiere L?4?.j6i l?O?1.. £?79.?78). Pagt4
Permanent End0.Ment Fund Th¢ c2Ptial account represents the freehold propem_' in&'esmieni nei of the loans obtained 10 finance its acquisiiion. Unrestricted Fund SUrp1s income arisin? dltrinu the lear i5 added io the generdl unrestricted fulld and 15 aTrailable for tre chariiable purposes. Princtpal funding 50urees The principal fundinu source of ihe charit%. is donation5. E.Npendilure in the l'ear under revieii. has supponed the ke). objeeiive5 of the ¢hartN bi. faciliiaiints ihe activities mentioned above. Plans for the future The TNstees plans for ihe re include= editinL) and printing of educaiional maierials and repons= develtspinu of submissions 10 tioi"emment: project supeTr"ision and rnanaoement- strJiegic planning.. and softii'are and compu(er use. Sitsned on behalf of ihe TNsiees Dr Azlisham Mohd Nor Dated
THE PLYMOUTH ISLA TrIIC EDUCATION TRUST IYDEPETriDENT EXAi¥IINER'S REPORT to the Trustees of the Pllmouth Islamic Education Trust I report on the accounts of Ihe TNst for the }'ear ended ?0 November ?0?? i%'hKh are S oui on tse5 7 to 10. Rv5peLiike re5porL¥ibiliiies (pfinLfiees and drominer The charit). s Dusiees are responsibl¢ for the preparation of the accounts. The chaTiry' s MleeS consider ihai an audii is not required for rhis }'ear under sttiion 1411?) of the Chariiies Aci ?01 I (the ?01 l Acil and thai an independent eiaminaiion is needed. It is m!. responsibility to.. examine ihe accounrs under seciion 145 of the ?01 l Aci. to follo1. the piocedures laid doli'n in the General Directions tsiven bl. the Charit%" ComTnis%ionets under seciion 14i(iKb) of the ?01 l Act= and to stale li'hether particular matters have come to m). atteniTOn. My examtnation w'as carried out in accordance M"ith the genernl Directions oiyen b)" the Charity. Comtnission. An examination includes a review" of the atcouniinu re¢ord5 kept b!. the charitN' and a cotnparison of ihe accounts presented Ivith those re¢ords. li also include5 considerdiiot] of unusual iietns or disclosures in the account5. and the seekincF of explanaiions from l'ou as trllslees concernintr such Tnatters. The procedures undertak-en do noi provide all the evidence that iOUld be required in an audii and eonsequentl!" opinion i5 uiven as to 1s"hether the accounts present a 'true and fair vieiv and the repon 15 limited Lo those matter5 Set out in the staietnent belo1. Independeiii ssiatemeni In connection ii'ith m). examination. no matter has come to rn%' attention= Ivhich oives me reasonable cause 10 believe ihaL in an!. Marial respecL the requirements (a) to keep atcouniino records in atcordanee ii.ith section lio of the ?01 l Att and (b) to prepare actounts li.hich aecord ii.ith the accouniints records and to cornplN' with the accountino requirement5 of the ?0 I l Aet ha"e not been tnei- or io ii'hich: in m!. opinion. auentron should be IlraiiTr in order io enable a proper understhnding of the accounis to be reached. AshleN' Stnith FCCA CTA H M Il'illiatn5 i Sandi" Court Ashleioh Il'ay Pl!'Tnpio Pli'mouih PL7 iJX Date= •6 FebwaTh' ?O?J P¥e6
THE PLI-.IIOI'.TH ISL.4IIIC EDL'.C.&TIOI TRLIST CH.4RITI" NI"IIBER 1134986 ST.4TE_IIEINT OF FI_N_4INCI_&L_4crii'iTIES FOR THE I-E.4R ENDED ?O.NOI-EIIBER 2077 L..llrtr]Cted In¢ome Fund Permanént Endow'ment Fund Totsl Funds l'ear ended 20 Noi'ember Total Fund5 l'ear ended 70 iloi'ember 2022 2021 IIYCONIING RESOLRCES NOIL Other intomittg resourtes (irJnLs dondiions In¥esiment iniome 86,89? 86192 72J15 TOT.4L IN4COlI IJINC RESOIIRCES 86J92 86392 RESOURCES E.IPENJ DED Choritsble activitie5 1?0,807 120.807 84.928 Goitrthxnte tosts Audii and accounianci. Legal profi55iond feL 3.LKIO 2,664 TOT.4L RESOIIRCES &IPENI DED J13,807 I23J07 87.592 TrIET IINCOIIIINC RESOliRCES 36,91) 36.915 l5277 TUNSFERS BETII'EEIN FLi1%4DS TOTAL FuDs BROI'GHT FORII'.4RD ?79.178 Mo.o(M) 619.278 634.555 TOTAL FLFTr4DS CARRIED FORII'ARD ?4? 363 340,0 582J63 619.278 'rhe llL)ies on PaL*es 9 artd 10 fum) Jx)rt of firtancial stslirtkmts Prf¢7
TUE PLI"IIOITII l%l_Illll' F'.Dl'C.lYlOX Ylti.¥r CII.IRttl" Nl"IlBER 1131986 LINCESIIEET 6?9A41 .769 iyiures and fittin 6kn? 441 l)ebiorsawJ Ch 43.965 8.077 C.-I'RkF'.)T I.LIBII.ITIF'.S LrL4Jiitsrb so¢& and othEYwe5 7.757 •A81 F.T r.i'RRF.IT..ISSF.TWII.LIBII_ITIF.$1 619.278 RF.PRESF.%TED BI- unhri¢l1 funts PenrTranenteThloMin¢nt fi 619.?75 Signed krOrth¢.IR Dr,IdishJfft Nlohd Nor T.0t{on pllgi 9and 10 fotfft rrt0(the fi¢
THE PLI'II IOI'TII ISL.4IIIC EDI-C.4TION TRI',ST CH.4RtTI- NI'.IIBER I 134986 I'OTES TO THE FIN.4)CI.4L ST.4TE.IIENTS FOR THE I'E..IR ENDED 20 %01-E_IIBER2022 STATEIIIEINT OF.4CCOiiNTJNG POLICIES Basis of accounting The financial statements have been draim up in accordance iith the CharirÈes.4ci ?01 l. Ihc StaieJnent of Re¢omJnend¢d Pra¢ti¢e on.4c¢ourtting and Reporting b!" ChaTiiie& of Nlarth ?OOi, accountin<1 standard5 and the hisioric cost basis of accounrino Incoming resources Incomin¢y resouTce5 are accounted for on a receii'able basis. IIiCoiTllll resources from endol7nel funds are not restrieted ond are accounted for as unrestricted funds. No incomin resources are deferred. No incomin(P Te50UTces have been included net of expenditure. Resources expettded Liabililies are Te¢o¥nised ii.hell ihth. arise. Fund gCCOUDting niestiicied funds aTe available use at the discrrtion of the Tnjstees in futther2nce of ihe generaj objective5 of the Charitable Trust. Endoiiinent fund5 are eipendable funds M"hich represent the capital ofihe Charitable TnLSt. Transfers beMEen TrdS mai. be made at the dIScr10n of the Trusw ivithoui restriciion. I)COIlllNG RESOliRCES [FDrestricted lucome Funds 2022 Totsl Income Funds 2021 Dortations Investment incorne 86J92 72Jli 86392 CH.4RITABLE ACTII-ITIES Wages Raies and ivater Insuranie Light and heat Telephone Post&oe and slationm. Advertising Repairs and Tenval5 VolunieeTS' e.Kpenses Events cos Bank ¢har¥es Depreciation SundTh elnseS Don8120ns 6.972 1.604 2.133 12.676 1,018 816 6.676 199 1.898 5.862 84) 1,032 IOJ98 628 1.430 236 198 120.807 3230 827 2.019 211 216 84.928 P4¥e9
TIIE PLI"II(TrITII 1S1_I_IIIC- EDI-f.-.ITION TRI"5 CII.IRITI' NI-)IBF.R 1134986 OTE.S TO TIIE FIN_.INCI_.11. ST.ITLIIE_NryS FOR TIIF I'F...IR FNDF.D ?0 NOIT.IIBFR 20?? FIIF.D..ISSFTS Frtebold Propem FixlEre5 and Fiitin•s Tal cos"1': -4t ?0 Xo%"¢mFLY ?0? I 629.411 40243 669M4 ..Iddiiion5 2.661 2,661 Dispos8]s 1.969 1.969 At ?0 Noifflnber ?0?) 629.441 40,935 670J76 DEPRLC-I.ITIQN= At ?0 Nth'i)nbcr ?O?I 3&474 474 Charge lor thL" I"L 1.430 1.430 Diswsais 1,969 1,969 AI 20 N'em1y 20?? 37.935 37.935 E-I. BOOK I'.4LI'k= ?0 NthemlKY ?0?? 6?9.441 63?.441 121 Noi"LmiKY ?011 6?9.441 1.769 I'Drt51rirted Permanent EndowtDeDt Fund Toial Trund5 FTr*knld propem. 289.441 629.411 &iilutEs j fiUin85 3.OlbD CU'n¢ &077 8.077 Cummt liabiliiii i&Jii i8.15i 747J63 340.000 5¥2J63 The PeTtnanenL EtKio%iinem Fund reEYe5ents frecknld txupert!" at C05L less olxdlnL in ordLT finw¢ its purchthse. Th¢ lInr1riLed Iwjd donati¥ a[ ini"estm¢ni inc¢MThe oreinditUte. Thi £J.iXJO JLXI)withn¢! fEX L4I1LYS . WLyarai1 ofuk" a¢¢4xETrts aThl In&nen[crnittl1OTh for Pwl