FINANCIAL sTATEMErs FOR THE YEAR ENDED 20 NOVEMBER 2023 FOR THE PLYMOUTH ISLAMIC EDUCATION TRUST CHARITY NUMBER I 134986
THE PL YMOUTH ISLAMIC EDUCATION TRUST CHARITY NUI¥IBER 1134986 CONTEf4TS OF THE FIf4ANCIAL STATEMENTS FOR THE YEAR ENDED 20 NOVEMBER 2023 Page General Information Trustees, Report Independent Examinerfs Rep)rt Sthiemeni of Financial Activiiies Balance Sheet Noies 10 the Financial StaiemenLS
THE PLYMOUTH ISLAMIC EDUCATION TRUST GENERAL If4FORMATION FOR THE YEAR ENDED 20 NOVEMBER 2023 CONSTITUTION DATED: TRVSTEES: Mr Mohamed Abu MuoJnzt Mr Hichem Cheraga Mr SN'ed kobir Dr Akhlaque Ralunan Dr Azltsham Mohd Nor Imam Ali Dzimba Omar CHARJTY REGISTRATJON NUMBER- I li4986 PRINCIPAL OFFICE: 19 Greenbank Avenue St Judes Pl>Thouth PL4 8PS OBJECTS: The benefii of the inhabitants of Pl)Inouth bN' as50ciatints tooeiher local authoritie& voluntary bodies and said inhabitants it] a common effort to advance educarion. in panicular in relation to Islam and the ¢¥10MS. cultures and belie of Islamic peoples If4DEPENDENT EXAMINERS: H M Williams Chanered Certified ActountanL8 i Sandi" Court Ashl¢a£h Way PliThouth PL7 iJX BANKERS: National Westminster Bank PLC Plimouth CIN. Centre Brnnch 14 Old Toi%Tr Street Plimouih PLI IDG SOLICITORS: Wimne Chambers i KimberleN' Road London NW6 7SG Page I
THE PLYTrIOUTH ISLAI¥IIC EDUCATION TRUST CHARITY Tr4UMBER 1134986 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 20 NOVEMBER 2023 The Trustees present their report touether '1th the fmancial suements for the Trusi for the )'ear ended ?0 November STRUCTURE, GOVERNANCE AND MANAGEMEf4T Constitutio The Pl)'mouth 151atnic Education Trust is a charitable ousi for genernl charirable purposes established by a Chariiable Trust Deed dated li February ?OOi &$ amended on 19 June ?OOi. This Trust Deed i%'as replaced bv a ne. Tnt Deed executed on 7 JaRuary' ?008. The transition 10 the neil chariTh' from the old (chariTh' number I I110?61 including the transfer of as5¢ts and liabilities iv&8 completed on ? Ociober ?010. Trustees The TTUStees at the dale of thi5 report and durints the fmancial period covered b), the fmancial statements ii'ere as folloivs= Mr Mohamed Abu Mutianzi Mr Hi¢hem Cheraqa Mr S)'ed KobiT Dr Akhlaque Rahman Dr Azlisham Mohd Nor Imam Ali Dzimba Omar The poi¥er10 appoini new uusiees is vested in the tntstees and exercised b)" a ajOrit), thereof. Trustees are recruited and appOind so as io ensure that the board taL"eD as a Ih0]e ha5 a range of competencie5 and experience appropriate for a eommunit>' charity. of chis size. Neil. sle¢S are provided I1th a full induction to the chariry. and trainin(r is provided "tre required The TnleeS have received no remun¢rduon or expenses nor has any person connected ii'ith them. Trustees, responsibilities The Trusiees have a duty. to prepare fitkn3ncial Statements foreaeh financial ¥'ear ii'hich oive a true and fair Vie of the stale of affairs of the Tn]5t and its income and eipenditure for thai K'ear. In preparino Ihose finaJ)cial sthtements. the Trusiees are required to.. Select suiiable accounting policies and then appl!- them consi5tentl)'- Makejudqements and esiimaies ihai are reasonable and prudeni. and Prepare ihe financial statements on the Iroin¢y concern basis unless It is inappropriate to presume that Éhe Trust vill continue ils aciivities. The Tnree5 are responsible for keepin£ proper accountinti records Ih1¢h disclose iiiih rewnable accuracy at an), time the Iinancial posiiion of ihe Trusi and to enable them to ensure that the financial statements eomplN' i%"ith the Charities Aci ?01 l. ThJ' are also responsible for safeouarding the a$5ets of the Tntst and hence for takino reasonable steps for the prei'eniion and dereciion of fraud and other irre£ularittes. The TTU5tees cotlfirtn that the financial siaiements complN' i*ith statutor). requiremenES. Ihe Charitable Trust Deed and the Siatetnent of Recommended Praciice on Accountino and RewTrnino b)" Charities gf March ?005. Pw:
Organisational structure Decisions are made either by the Trustees &s a w'hole or b). a colnrnittee of the TTUStees. The major risks to which Ihe charit). 15 eYpose4 as identifid b). the Trustees, have been reviJi'ed and 5!'stems have b¢¢ established to mitigate these ri5k5. 0EcTs Objects The objects of the charit). are to= appls. its resources. ar the di%r¢tion of th¢ Trusiees. io promot¢ the benefit of the inhabithnts of Pl}'mouth and neiohbourino areas by associaiing together local authorities. voluntaTh' bodies and said i]thabitants in a commo effort 10 advance educaiion. in panicular. in relaiion io Islam and the customs, cultures and beliefs of Islamic peoples. and provide facilities for recreion or other leisure time occupation in the inierests of social ivelfare and 1th the object of improvino the condition of life of said inhabithnts b). such exclusivel!, charitable tneans as the Trusttts Shall from time io lime demilne. Aims The aiTllS of th¢ Trustees are to: advance educarion in relation to Islam for Muslims and non-muslims a]ike= iork in a Common effort ii'iih aoencies and individuals in Pl}'mouth and the surr¢)undintp areas for the advancetnent of Islamic undetsiandin(T and aii'arenesk creaiino muwal iolerance and respect: titn ihe finances of the charitt" accordinir to uood prdctice a5 a ristered charity, to tak.e pan in fundrai5ln£ aciiviiies and io ser up a chariTh- mosque and culnEral education centre in Pl%inouth: promote the Ork of the charity il'ith individuals, agencie& maierials media and through technolooy including the charit). website. support social activities for recreation and leisure- and support ihe elfare of Muslim men and i%'ornen and communitie5. Objeetifves The objectives of the Trustees are io build on the chariTh' s achievements to dale bj. raisin2 the funds needed to pa!. for the cornpleie refi]rbishmeni of the charirj. s freehold propem. for %%'hich plannin(t pernilOn ha5 noi*. been obrained. Stral¢gie5 The strniegies of the Tru5tee5 are to= raise funds as il'idelv as p)ssible trx)th it]side and outside the Unrted Kinodom= and prtpare an operatinv plan for the buildino thar 111 ser out both sources of coniinuinq income and likely expenditure includinu etnplo)ment costs. Pagtj
PUBLIC BENEFIT Takino tulli. into account the above objects, the Tnjsiees have c¢)ncluded that the charity rneets the public benefit requiremeni because= 11 the benefir Ihai arises from the charitt-'s aims is that the charity ts able io advan¢e ¢durdtion Èn relation to Islam for Muslims and non-Muslitn5 alike. ?) the charin. s aims intend to benefit the inhabithnts of Pl!Inouth and neighbourin£ area5- 31 there are n(Tr rt5trtction5 on iiho can have the opp)m1Th. benefii,. and 4) nobodN' receives an). private benefit from the chariTh'. ACHIEVEMEf4TS AND PERFORMANCE Charitable actii'ities undertaktD The Ttusiees have und¢rtak-en a number ofaciiviiies= research support ond re5ource5; access io various library. literawre and ¢ultures- legal and social analysis- organisational and loetstical support- meetints space for both religious and communit%. leisure- training and learnin - opportunities; communications. and women's health. Factors relevant to achiei'ernent of objeetiTr'es The faciors relevant to the achievemeni of the Tnjsi s objeciives include.. the emploi'meni of professional adviseT5' n annual revieifv. of taroets to Main1n consrant prooress- and an updated risk assesstnent. FINANCIAL REVIEW Rei'ieM" of finaneial position Incomin£ resources ivere £7?4.68i (?0?7_ £86.89?). Resource5 expended tiAalled £??6 ?06 {?0?? _ £1?3.807). Net outgoing resource5 li'ere £ l.)? I l?O??_ £j6.9 li). Resen¢s It is the polic}. of the Trnstees that rncome reserves be kepi to a minimum of ni-elve months runnino costs. Total unresmcied income reseTh'es ai ?0 Novetnkr ?O?i Ii'ere £?40.84?1?01?= £tiJl.j6)1. PaEt4
Permanent Endow'ment Fund The capital accouni represents the freehold propert%" investment net of the loans obtained ro finance its acqui51tion. Unrestricted Fund Surplus income arising during the )'ear is added to the £enernl unrestricted fund and is available for tUre charitsble purposes. Principal lundir¢g sources The principal funding 50urce of the chartt%- 15 donations. Eipenditure in the N'ear under revieiv has supported the key objeciii'es of the chariu. b}. facilitating the activitte5 mentioned alx)ve. Plans for the future The Trnsttts. plans for the future include: ediiino and printing of educwional tnaterials and reports- developin(T of submissions to go&'emment= project supervision and tnanauemeni: sirateoic planning:. and SOTrate and computer use. Sioned on behalf of the Trnsiees Dr Azlisham Mohd Nor Dated Pagti
THE PLYMOUTH JSLAMIC EDUCATION TRUST INDEPENDENT EXAIMINER'S REPORT to the Trusites ofthe PINmouth Isl#mic Education Trust I report on the accounts of the Trust for the )"ear ended ?0 Nofvember ?0?3 I%'hich are set out on paoes 7 10 10. RspgLiThe respopLSEbiliiies o[¢riLslee5 andarniner The chllri s trustees are responsible for the preparaiion of the accounts. The chariti. s [nlee$ consider that an audil is not required for this N"ear under seciion 1411?) of the Chariiies Aci ?01 l (the ?01 l Acr) and thai an independent e¥atnination is needed. It is m)" respotLsibiliN' to.. examine the accounts under section 14) of the ?01 l Act: io lolloii, the procedures laid (loiim in the Generdl DÈrectiOll5 £iven b!" the Charit%. ComTni5sioners under section 145{5Xb) of Ihe ?01 l Act: and io sraie iTrheiher particular mallers have come 10 MN. aEt¢niion. M). examination carried our in accordance Iiith the general Direciions given b) the Charity Commission. An examination includes a revieKI' of ihe accouniino records kepi b!. the chariry. and a comparison of rhe accounts presented ii'ith those records. It also includes eonsideraiion of ani. unusual iiems or disclosures in the accounts. and ihe seeking of explanalions from }"ou a5 trusttts concerninu an!. such matters. The procedures undenak-en do not provide all the evidence that ii'ould be reqUed in an audit and consequenili. no opinion ts oitren as io iihether the accounts present a-trne and fair vieii" and the report is limited 10 those matters set out in ihe siaiemeni beloii.. Independent exumlner s sraimeni tn connection iiith my examination. matter has come to m%" atteniion= Ivhich tsives me reasonable cause to believe thaL in an!. material respecL the requirements (a) to kttp accouniino rttords in accordance il'ith seciion l)0 of the ?01 l Act and O)) to prepare aceounis ii'hich accord ii'iih the accounring records and io comply I1th the accounting requirements of the ?01 l Act hal'e noi been mei= or io ii'hich. in mi. opinion. attenlion Should be draiim in order io enable a proper understandino of the accounts to be reached. Ashle). Slnith FCCA CTA H M Williams i Sandi. Court Ashleigh Wav Pli'mpion Pl)mouth PL7 SJX Dale= ?0 March ?075 Page 6
THE PLI-II IOITTH ISL.4)IIC EDI'C.4TIOP4 TRIIST CH.4RITI' INIIIIBER 1134986 ST.4TEIIEliT OF FI).ANCIAL Al.1T1Es FOR THE I"E.4R ENDED 20 N.Ol"EIllBER 2023 Unrestri¢ied Intorne Perniattent Endowment Fund Total Funds -ear ended 20 Noi'ember 2023 Total Funds I'eAr ended 20 Trloiember 2022 INCOlllIYG RESOITRCES Note5 Other incoming resources Grants and donations Investment income ??4.685 224.68) 86.892 TOTAL IINcotI1G RESOURCES 224.685 224,685 86,892 RESOURCES £EIDED Charitable activitie5 222,966 120,807 GoernanCe ¢05ts Audii and a¢¢ounianc%' Leoal and professional ftt5 3240 3.000 TOTAL RESOURCES E.VEfDED 226306 226206 123.807 NET IINCOIlllNG RESOIIRCES 1,5?1 36.915 TRAN'SFERS BETM EEIN FI1Tr4DS TOTAL FU.Ds BROUGHT FORII'.4RD ?4? 363 340.OIJ) 582J63 619278 TOTAL FUDDS CARRIED FORII".4RD ?40.842 340.OIM) 580.842 582J63 The notes on pages 9 and 10 forni part of the fitwicial siatemtnts %t7
THE PLI'NIOITH ISL4IIIC EDliC.4TIOI TRUST CH_4RITI' INI-,%IBER I I34986 B.4L4NCE SHEET -4S.4T 20 Tr40I-EIIBER 2023 2023 2022 FIIED ASSETS FTeLhold prortY EquipnknL fixiures and fillin0 629,441 2.573 632.Ol4 629,411 3,000 632,441 CURRENT ASSETS tk.biofs and Prepa%mLmts Cttsh 241 7836 &077 5.760 S760 CURRENI T LI.4BILITIES Creditors Social Kcuritv and othLr tlxes Loans 14453 3.079 39,4 56.932 11274 2,481 44,400 58.155 NET CURREliT ASSETSIILI.4BILITtESI 51.172 50.078 TOTAL ASSETS 580.842 58ZJ63 REPRESENTED BY Unresiricted Pimianent cad01¢nl 240,842 340.000 242J63 340,000 TOT.4L FIryDS 580812 582J63 Sign¢doT) iKhalfof the TrusteL'S Dr A7.lishaJn Mohd Nor The nolLS on pa2iS 9 and 10 forn part of ItL¢ fiTwnciai 5tanttts
THE PLYMOUTH ISLAfvIIC EDUCATION TRusr CHARITY NUMBER 1134986 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED ?0 NoVEllBER ?023 STATEMENT OF ACCOUNTING POLICIES Basis of accounting The financial statements have been draiiTt up in accordaffjce 1th the Charities Act ?01 l. the Siatement of R¢¢omtntnded Practiee on A¢countin(r and Reportino . Chari(ies. of March )OOi, a¢cowitints standards and the hiswric COSE basis of accounrin& Incoming resources Incomints resources are accounted for on a receivable basis. Incoming resources frotn endoiTrThent fimds are not restricted and are accounted for as unrestricted funds. No incofftints resources are deferred. No incomino resources have been included nei of expendirLWe. Re50urce5 eipended Liabiliiies are reColsed iithen the), arise. Fund accountiThg UnreAricied funds are available for at the discretion of the Trusiees in fifftherdnce of the tseneral objectives of the Charitable Trusl. Endoiiinent fidS are elndable funds which represent the capital of the Charitable TnLSt. Transfers bets%een funds rna be made ai the discretion of the Tru5tee5 Il'ithout restriciion. INCOMING RESOURCES Ullrestrieted Incorne Funds 2023 Totsl Ineome Funds 2022 Donaiions Invesbnent income 224,685 8&892 224,68) 86.892 CHARITABLE ACTIVITIES Wages Raies and ivater Insurance Litsht and heat Telephone P05taue and siaiionery Repairs and reneis'als Volunteers. eipenses Eents costs Bank charees Depreciation SundTh' eipenses Donations 8J94 4312 2.4)9 2?.990 6,972 1.604 2,133 12.676 1,018 816 73,665 8,)33 10,898 628 1.430 7>5 30.654 11,497 6.099 .477 la77 1,9)> 127,043 722.966 198 120,807
THE PLI'IIOIryTI 1S1_.IIIIC. EDI'C..ITtON TRI'ST C'IL.Iw-ri' Ni-IlBFR 1134986 OTES TO THF FJN..tict..IL ST.4TEIIEIYS FOR Tllk l-E.4R E.%DED 20 NOIF.IIBFR 20J? FtIED..ISSF.TS Eq¥ipmtnL FixturLs athd FEttin Frtthold Proptm. Total COST.. A¢ 20 Nosrmber 20ll? 629.441 40.935 670J76 Additions 1,150 AL 20 NoiThnber 2023 79.441 42,085 671576 DFPRECI.4TION: AI 20 Nokemb(Y 20?2 37.933 37.935 ChargL for the Year 1577 1577 AI 20 NoktmlKY 202) 39al? 39512 ET BOOIK 1'.4LIE: Ai ?0 INoN"ember ?0?3 6?9.44l 2J73 Al 21 No£ther?0?2 679AII FL.NDS Inre41ri¢ted InrDme Fund PermaDeDt Endom'ment FuDd Trfal Funds Fycehold . 289.mi 629,441 Equipm¢nL fJxEure5 al filtii L573 2373 CurT¢nt a&5ets &760 &760 Curreni liabilities 5@932 5&932 14004• 340.OOD 58OW2 The PLYman¢ni Fd0t1 Fwjd frLYhokl propem." at cost less103DsoIAaIn in ordeT to fUnCe its purchtse. The LT]we5tri¢iLyl InLX)m¢ fund reprLXI0lts a1 incom¢ rnxof¢¥ndllure. ..Il"Drr..i)D.4CCOI'NT..INCI" . £) •40 accountsmci fLX coI"¢rs th¢ prepaTJliOD ofdk" 0nts and Utym¥kLe.¥amlnaIi for iLarLThkd ?0 Nos"ettkn ?O?J. Pri0