Charity Registration Number: 1137985 Islamic Communily & Educalion Cenlre Trustees Report and Financial Slatemenls For the year ended 31 March 2023 l$laml¢ Communlty & Edueatlon Centre Content$ Page Trustees, reFX)rt Independent examiners, report Statement ol financial activities Balance sheet Notes to the financial statements 8-12 l$laml¢ Communlty & Edueatlon Centre Trustees, report for the year ended 31 Mar¢h 2023 The trustees present their report and the financial statements ol the Charity lor the year ended 31 March 2023. The financial statements have been prepared based on the accounting policies set out in note 1 to the financial statements and comply with the charity s governing document. Reference and admlnlstratlve detall$ of the ¢harlty Charlty reglstratlon number 1137985 Correspondenee addre$s Chapel Street Lye Stourbridge West Midlands DY9 8BT Trustees R Aziz MAII K Razak Banker$ Lloyds Bank 134 High Street Stourbridge DY81DS Independent examlner AA Qayyum BAIHonsl ACA Bluewater Tax A￿oUntIng Limited Chartered Accountants Quadrant Court, 49 Calthorpe Road Birmingham B15 1TH Page 1 l$laml¢ Communlty & Edueatlon Centre Trustees, report {¢ontlnuedl for the year ended 31 Mar¢h 2023 Stru¢ture, governan¢e and management a. Governlng do¢ument The charity was formed at a meeting ol the Trustees for the purpose of selling up an Islamic Community Centre in Lye Stourbridge. The charity is governed by its Trust deed which was adopted by the trustees on 1 March 2010. b. Method of appolntment and Indu¢tlon of new tru$tees New trustees are appointed by existing trustees and are briefed on their legal obligations under charity law, the onlenl ol the Trust Deed and recent performance of the charity. ¢. Organlsatlonal stru¢ture and de¢lslon maklng The Board of Trustees oversee the running of the charity on a day lo day basis. All operational decisions are made al board meetings which are held frequently throughout the year. d. Rl$k management The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to miligale our exposure lo those risks. Obje¢tlves and a¢tlvltle$ a. Summary of oble¢tlves The objectives ol the charity as sel out in it's Trust Deed are as follows= lo provide facilities and the means lor Islamic worship and education. lo cater for the welfare of the local community needs in this deprived area. The trustees frequently review the activities ol the charity to ensure they continue lo rel1￿1 the obl￿tiveS and aims of the charity and provide an overall benefit lo the public. In carrwng out this review the trustees have considered the Charity Commission's general guidance on public benefit. Aetlvltle$ for aehlevlng oble¢tlve$ The Islamic and Community Centre has continued to act as a hub for the local community where prayer, worship and other activities take place. Page 2 l$laml¢ Communlty & Edueatlon Centre Trustees, report {¢ontlnuedl for the year ended 31 Mar¢h 2023 A¢hlevement$ and performan¢e The Islamic and Community Centre has continued to act as a hub for the local community where prayer, worship and other activities take place. Flnanelal Revlew Re$erve$ poll¢y The charitls reserve policy is to maintain a sufficient level of liquid reserves to meet short term obligations and any unforeseen expenditure. Prln¢lple fundlng During the year the charity raised a total of £90,168 12022 £92,529) in donations before charitable expenditure. Plan$ for the Future The charity's plans are lo continue serving the local Community through ils activities. ststement of Tru$tee$' Respon$ibilltles The Iruslees are responsible for preparing the Trustees, Annual Report and Financial Statements in awordance with applicable law and United Kingdom Accounting Standards. The law applicable lo charities in England and Wales requires the trusteelsl to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and ol the incoming resources and application of resources ol the charity lor that period. In preparing these financial statements, the trustees are required lo.. select suitable awounling policies and then apply them consistently., observe the methods and principals of the Charities SORP make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial slalements., and., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the harity will continue in business. The trustees are responsible lor keeping proper a¢¢ounting records which disclose with reasonable awura¢y the financial position of the Charity and to enable them to ascertain and ensure that the financial statements comply with the Charities Act 2011, the applicable Charities IA¢counts and Reportsl Regulations, and the provisions ol the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence lor taking reasonable steps for the prevention and detection ol fraud and other irregularities. Page 3 ## **Islamic Community & Education Centre** **Trustees' report (continued) for the year ended 31 March 2023** ## **Statement of Trustees' Responsibilities (continued)** The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing preparation and dissemination of financial statements. This report was approved by the Trustees on 31 August 2023 and signed on their behalf by: ## Mumtaz Ali > Rashid Aziz (Aug 31, 2023 18:20 GMT+1) ~~……………………………~~ …………. Rashid Aziz Trustee > Mumtaz Ali (Aug 31, 2023 17:26 GMT+1) ………………………………………. Mumtaz Ali Trustee Page 4 ## **Islamic Community & Education Centre** ## **Independent examiner’s Report to the Trustees of Islamic Community & Education Centre** I report on the accounts of the Trust for the year ended 31 March 2023, which are set out on pages 6 to 12. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act - to state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## AA Qayyum AA Qayyum (Aug 31, 2023 18:50 GMT+1) ## **A A Qayyum BA (Hons), ACA** Bluewater Tax Accounting Limited Chartered Accountants Quadrant Court, 49 Calthorpe Road Birmingham B15 1TH 31 August 2023 Page 5 l$laml¢ Communlty & Edueatlon Centre ststement of flnanelal aetlvltle$ for the year ended 31 Mar¢h 2023 Unre$trl¢ted Re$trleted Funds Fund$ 2023 2023 Total Funds 2023 Total Funds 2022 Note Ineomlng resour¢e$ Incoming resources from generated funds Voluntary income 77,245 12,923 90,168 92,529 Totsl In¢omlng re$our¢es 77,245 12,923 90,168 92,529 Resour¢e$ expended Costs ol generating funds Costs of generating voluntary income Charitable activities Governance Costs 50,305 1,584 12,000 62,305 1,584 42,519 1,440 Totsl re$our¢e$ expended 51,889 12,000 63,889 43,959 Other Income Government grants 8,910 Net In¢omlng re$ouree$ before transfers 25,356 923 26,279 57,480 Gro$$ tran$fers between fund$ Net movement In funds for the year 25,356 923 26,279 57,480 Total funds brought lonNard 872,458 872,458 814,978 Totsl funds ¢arrled forward 12 897,814 923 898,737 872,458 All aclThiilies relate to continuing operations. The notes on pages 1110 16 form part ol these financial statements. Page 6 ## **Islamic Community & Education Centre** ## **Balance sheet as at 31 March 2023** |**Note**
**Fixed assets**
Tangible fixed assets
10
**Current assets**
Cash at bank and in hand
Other debtors
**Creditors:**amounts falling and due within one
year
11
**Net current assets**
**Charity Funds**
Unrestricted Funds
12
Restricted Funds
12
**Total funds**|**£**
112,008
59
**112,067**
**(2,104)**|**2023**
**£**
£
788,773
**788,773**
75,100
59
**75,159**
(1,943)
**109,963**
**898,737**
897,814
923
**898,737**|2022
£
799,242| |---|---|---|---| ||||799,242
73,216| ||||872,458| ||||872,458| ||||872,458| The financial statements were approved by the Trustees on 31 August 2023 and signed on their behalf by: ## Mumtaz Ali > Rashid Aziz (Aug 31, 2023 18:20 GMT+1) ………………………………………. ………………………………………. Mumtaz Ali (Aug 31, 2023 17:26 GMT+1) ~~……………………………~~ …………. Rashid Aziz Mumtaz Ali Trustee Trustee The notes on pages 11 to 16 form part of these financial statements. Page 7 l$laml¢ Communlty & Edueatlon Centre Note$ to the flnanelal Ststements for the year ended 31 Mar¢h 2023 Ae¢ountlng poll¢es 1.1 Bas1$ of preparatlon of flnan¢lal $tatements The financial statements have been prepared under the historical cost convention and have been prepared in accordance with the Statement ol Recommended Practice ISORPI, 'Accounling and Reporting by Charities published in March 2005 and applicable accounting standards. 1.2 Fund A¢¢ountlng General funds are unreslricled funds which are available for use al the discretion ol the Trustees in furtherance ol the general objectives of the charity and which have not been designated for other purposes. Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by donors which have been raised by the charity lor particular purposes. The cost of raising and administering such funds are charged against the Sp￿111C fund. 1.3 In¢omlng resour¢e$ All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable a¢cura¢y. Voluntary Income Including donations, gills and grants that provide core funding or are ol general nature, are recognised where there is entitlement certainly ol receipt and the amount can be measured with sufficient reliability. Income from Charitable Activities services which are provided. Including income recognised as earned from the related goods or 1.4 Resour¢e$ expended All expenditure is a¢¢ounted lor on an awruals basis and has been included under expense categories that aggregate all costs lor allocation lo activities. Where costs cannot be directly attributed lo particular activities they have been allocated on a basis consistent with the use ol the resources. Charitable Activities include those costs that are directly related lo the objectives ol the charity- Governance costs include those incurred in the governance ol ils assets and are primarily associated with conslitulional and statutory requirements. Support Costs for a single activity are allocated dirertly to that activity- Where support costs relate lo several artivities they have been apportioned on the basis of resources consumed by those activities. In allocating the support costs, the trustees have ensured that the costs are expended utilising the unrestrirted funds available and consequently no restricted funds have been used in this respect. Page 8 l$laml¢ Communlty & Edueatlon Centre Note$ to the flnanelal Ststements for the year ended 31 Mar¢h 2023 Ae¢ountlng poll¢es l¢ontlnued) 1.5 Tanglble flxed as$et$ and depre¢latlon All assets costing more than £100 are capitalised. Tangible fixed assets other than assets under development are staled al cost or valuation less depreciation. Depreciation is provided at rates ¢al¢ulaled lo write off the cost or valuation of those assets, less their eslimaled residual value, over their expected useful lives on the following bases.. Freehold property Fixtures & Fittings 20/tt reducing balance 20 /0 Straight line Assets under development are held al cost and are not depreciated until such lime that the assets become operational. 1.6 Taxatlon As a registered charity, the charity is exempt from Income and Corporation tax to the exlenl that its income and gains are applicable to the charitable purposes only. Voluntary In¢ome Unre$trieted Fund$ 2023 Re$tri¢ted Funds 2023 Totsl Funds 2023 Total Funds 2022 Cash Donations Gift in Kind Gift Aid 62,535 12,923 75,458 74,859 14,710 14,710 17,670 77,245 12,923 90,168 92,529 Co$ts of generatlng voluntary In¢ome Unre$trleted Fund$ 2023 Re$trl¢ted Funds 2023 Totsl Funds 2023 Total Funds 2022 Fundraising and publicity Page 9 l$laml¢ Communlty & Edueatlon Centre Note$ to the flnanelal Ststements for the year ended 31 Mar¢h 2023 Analysls of resour¢e$ expended by charitable aetlvlty Expenditure Can be summarised as= Unre$tricted Funds 2023 Re$tricted Funds 2023 Total Funds 2023 Total Funds 2022 Running ol Islamic Community Centre Emergency Relief 51,889 51,889 12,000 38,782 12,000 51,889 12,000 63,889 38,782 Analysls of resour¢e$ expended by a¢tlvlty type A¢tlvltle$ undertaken directly 2023 Support ¢osts 2023 Total 2023 Total 2022 Co$ts of generating voluntary income Fundraising and publicity Charitable aetivitie$ Running ol Islamic Community Centre Emergency Relief 48,069 12,000 2,236 50,305 12,000 42,519 48,069 2,236 50,305 42,519 Governan¢e ¢o$ts Unre$trl¢ted Funds 2023 Re$trl¢ted Funds 2023 Total Funds 2023 Total Funds 2022 Accountancy and Independent examination 1,584 1,584 1,440 1,584 1,584 1,440 Page 10 l$laml¢ Communlty & Edueatlon Centre Note$ to the flnanelal Ststements for the year ended 31 Mar¢h 2023 Support ¢o$t$ Basls of Allocation Fundralslng cost$ 2023 Charltable of activities 2023 Total Funds 2023 Total Funds 2022 Management and administration Usage 2,236 2,236 3,737 2,236 2,236 3,737 Support costs have been allocated on a basis consistent with usage ol resources. Other In¢ome Unre$trlcted Fund$ 2023 Restrlcted Funds 2023 Total Funds 2023 Total Funds 2022 Government grants 8,910 8,910 Related party tran$a¢tlons During the year, no trustees received any remuneration12022, £Nill. During the year, no trustees received any benefits in kind12022, £Nill. During the year, no trustees received any reimbursement of expenses12022, £Nill. Page11 l$laml¢ Communlty & Edueatlon Centre Note$ to the flnanelal Ststements for the year ended 31 Mar¢h 2023 10. Tangible flxed a$sets Freehold Flxtures & Property Flttings Total Co$t Al 1 March 2022 Additions 830,657 7,343 9,515 838,000 9,515 Al 31 March 2023 830,657 16,858 847,515 Depre¢latlon Al 1 March 2022 Charge lor the year 33,123 16,613 5,635 3,371 38,758 19,984 Al 31 March 2023 49,736 9,006 58,742 Net book value At 31 March 2023 780,921 7,852 788,T73 Al 31 March 2022 797,534 1,708 799,242 11. Trade Credltors amounts falling due wlthln one year 2023 2022 Trade creditors Other creditors Accruals and deferred income 2,104 1,943 2,104 1,943 12. Statement of funds Brought forward Incomlng resouree$ Resources expended Transfer$ inl{out) Carrled fornard Unreslricled general funds Restricted funds - Pakistan Floods 2022 872,458 77,245 151,8891 897,814 12,923 112,0001 923 Total fund$ 872,458 90,168 (63,889) 898,737 Page 12 ## 2023-03-31 - ICEC - Year End Accounts Final Audit Report 2023-08-31 Created: 2023-08-31 By: AA Qayyum (ahmad@wearebluewater.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAjtAsTPJOWBzPY4AqMVqEmqwbqvc7LcbB ## "2023-03-31 - ICEC - Year End Accounts" History Document created by AHMAD QAYYUM (ahmad@wearebluewater.co.uk) 2023-08-31 - 4:23:05 PM GMT- IP address: 137.22.189.181 ## Document emailed to mirza20@hotmail.com for signature 2023-08-31 - 4:24:09 PM GMT ## Email viewed by mirza20@hotmail.com 2023-08-31 - 4:25:21 PM GMT- IP address: 82.34.139.200 - Signer mirza20@hotmail.com entered name at signing as Mumtaz Ali 2023-08-31 - 4:26:47 PM GMT- IP address: 82.34.139.200 - Document e-signed by Mumtaz Ali (mirza20@hotmail.com) Signature Date: 2023-08-31 - 4:26:49 PM GMT - Time Source: server- IP address: 82.34.139.200 ## Document emailed to rashid.aziz1000@gmail.com for signature 2023-08-31 - 4:26:51 PM GMT ## Email viewed by rashid.aziz1000@gmail.com 2023-08-31 - 5:18:56 PM GMT- IP address: 82.34.170.200 ## Signer rashid.aziz1000@gmail.com entered name at signing as Rashid Aziz 2023-08-31 - 5:20:46 PM GMT- IP address: 82.34.170.200 ## Document e-signed by Rashid Aziz (rashid.aziz1000@gmail.com) Signature Date: 2023-08-31 - 5:20:48 PM GMT - Time Source: server- IP address: 82.34.170.200 Document emailed to AHMAD QAYYUM (ahmad@wearebluewater.co.uk) for signature 2023-08-31 - 5:20:50 PM GMT Email viewed by AHMAD QAYYUM (ahmad@wearebluewater.co.uk) 2023-08-31 - 5:49:52 PM GMT- IP address: 80.192.241.144 Signer AHMAD QAYYUM (ahmad@wearebluewater.co.uk) entered name at signing as AA Qayyum 2023-08-31 - 5:50:24 PM GMT- IP address: 80.192.241.144 Document e-signed by AA Qayyum (ahmad@wearebluewater.co.uk) Signature Date: 2023-08-31 - 5:50:26 PM GMT - Time Source: server- IP address: 80.192.241.144 ## Agreement completed. 2023-08-31 - 5:50:26 PM GMT