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2021-12-31-accounts

di Discoverlslam Discover Islam Europè Annual Report and Financial Statement 2021

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COMPANY N ~~U~~ MBER: 7269783

CHARITY REGISTERED NUMBER: 1146212

DISCOVER ISLA ~~M~~ EUROPE LIMITED

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 December 2021

Content:

4

Chair’s Message

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Legal and administrative information 4
Who We Are
 5
Projects
 6:9
Statement of Directors and Trustees Responsibilities 10
Financial Statements and notes 11:29

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Legal and administrative information

Discover Islam Europe is a charitable company limited by guarantee

Date formed: 1 June 2010 Date registered as a charity: 2nd March 2012

Website: www.discoverislam.co.uk

Board of Trustees

Sameh Ramadan (Chair) Naif Sheikh (Trustee)

Registered Office 7 Bridges Place Parsons Green Fulham, SW6 4HW

Principal Office 7 Bridges Place, London SW6 4HW

Bankers Barclays Bank

20 Fulham Broadway, Fulham, London SW6 1AH

Independent Examiner

HRHS Accountancy 41 Revere Way, Epsom, United Kingdom, KT19 9RQ

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WHO

WE ARE

OUR VISION:

“Everyone, everywhere has access to the simple message of Islam”

OUR MISSION:

To be the leading Islamic information organisation in Europe providing innovative resources and services to advance the education of the public in Islam, and to promote a better understanding of Islam.

OUR MAIN OBJECTIVES

Objectives

OUR VALUES:

  1. Professional/Committed

  2. Credible/Reliable

  3. Inspiring/Inspirational 4. Current/Creative/Innovative

  4. Transparent/open

Projects

Schools & Education

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Educating the next generation

Over 50 SCHOOL VISITS IN 2022 POST PANDEMIC

Presentations

& Mosque Tours

School Project

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As part Religious Education in the education sector, we organize mosque tours, exhibitions, presentation on Islam with question & answer sessions. During the pandemic our online tours were a huge success however as schools and educational services have reopened fully, we have re initiated our school visits again in the UK. With over 50 visits this year alone

School Services

Discover Islam specialises in providing bespoke services for primary & secondary schools, colleges ad even universities

We are part of various SACRE (Standing Advisory Council for Religious Education) and have great experience in streamlining RE syllabus specific to Islam and dealing with issues regarding Muslim students

Our Ramadan guidance booklets have been a huge success and we have worked closely with a number of boroughs to provide education for staff and students on their fellow pupils and colleagues who might be fasting during the holy month of Ramadan, April and May 2022.

School Visits

Post pandemic we have restarted our school visits across the UK and Ireland. Children get to experience a mosque environment, see Muslims pray, socialise and ask questions to the Imam and leaders of the Mosque

We also help and train local Imams to visit local schools and do Assembly presentations and specific lessons are delivered for Primary & Secondary School children. Imam will introduce their job and day to day activities. They will do a live call to prayer and recitation of the Holy Quran and learn about Arabic letters and numbers.

Schools Online/virtual

Post pandemic we have continued using our online services to reach schools that we were not able to before.

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Exhibition Project

Over 400 Islamic Cultural Exhibition Thousands have been educated and enlightened

Over 100,000 have visited our exhibitions all over the country

Post pandemic we have initiated our Exhibition programme once again and

we working closely with the annual Visit your Mosque days happening across the UK and Ireland. We help Mosque and Islamic centres to provide an environment of openness and willingness is created to present Islam. Discover Islam exhibition has an attractive display material with bespoke banners, artifacts, posters & banners.

Exhibition has become one of our most effective project in promoting a better understanding of Islam & clearing misconceptions.

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All visitors receives a gift box at our exhibition

It contains a copy of the Holy Quran, Seerah Booklets on Islam and some sweets and or chocolates. The exhibition provides the visitor an opportunity to ask questions about Islam on 1 to 1 basis which in return allows the person to have a better & clear understanding of Islam.

We have on average of 200-300 visitors at our events. Some events attract more visitors than others. Our Cambridge exhibition have on average 1500-2000 visitors each year.

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STATEMENT OF DIRECTORS/TRUSTEES’ RESPONSIBILITIES

Discover Islam Europe Trustees (who are also directors for the purposes of company law) are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law of the United Kingdom’s Accounting Standards.

Companies/Charity Law requires the Trustees to prepare yearly financial statements, giving a true and accurate state of affairs of the charity and the incoming resources and application of resources. This includes income and expenditure for the period.

The Trustees have the responsibility of keeping adequate accounting records that disclose reasonable accuracy at any time of the financial position of the charity, to enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act 2011. Trustees are also responsible to safeguard the assets of the charitable company and reasonable steps must be taken for the prevention and detection of fraud and other irregularities.

In order to prepare these financial statements, trustees are required to do the following:

charitable company will continue in operation.

So far the Trustees are aware that:

establish that the company’s auditors are also aware of this information.

Independent Examiner

An independent examination was carried out by HRHS Accountancy, Certified accountants.

The trustees’ report has been prepared in accordance with the provision applicable to the company subject to the small companies’ regime, and on the same basis a strategic report has not been presented. The report has been approved by the trustees and signed on their behalf by

Sameh Ramadan Naif Sheikh Chairman Trustee

Sameh Ramadan (Sep 12, 2022 14:46 GMT+1)

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Risk Management

The trustees are ultimately responsible for risk management and the effectiveness of our internal control systems. The major risks to which we are exposed, as identified by the trustees, are regularly reviewed and systems and procedures have been established to manage those risks.

The Board of Trustees has considered and approved the risk management policy and its appetite for risk. It has delegated the regular review of the risk management process to the Audit and Risk Committee, which also oversees the work of the audit, risk and assurance function. Senior management ensures that day-to-day risk management processes are embedded across the organisation, through the effective implementation of policies and procedures and the maintenance of appropriate risk registers. Risks are assessed on the basis of their likelihood and potential impact, along with the mitigation strategies in place to manage them in line with the board’s risk appetite.

Financial risk

Shortfall in covering operations – this risk was mitigated by furloughing employees up to September 2021, requesting a payment holiday from creditors, and depending on volunteers to cover furloughed employees.

Operational risk

Shortfall in manpower and resources to run activities – this risk was mitigated by reducing activities and encouraging new volunteers to join during the pandemic.

Regulatory compliance risk

Failure to keep abreast of local laws and requirements could compromise our ability to continue working and serve our beneficiaries, Failure to demonstrate compliance with the regulatory framework, as it evolves, could damage our reputation and result in fines and other penalties.

To control and mitigate that risk – The organisation hired a professional compliance officer as a contractor responsible for ensuring compliance with local requirements, including registration, tax compliance and statutory reporting.

The organisation provides induction and training to new trustees and have processes in place to keep the board apprised of relevant changes in regulation.

Human resources risk

If we do not provide effective leadership and management, and if we do not look after the wellbeing of our staff or ensure that we are diverse and truly inclusive, the implementation of our strategy could be significantly compromised and our reputation damaged.

To control and mitigate that risk - We have rigorous recruitment processes designed to help select candidates who can best help us meet our core aims, and to ensure equal opportunities. Our recruitment policies include structured gender sensitive and racially diverse panel interviews and the taking up of references. Staff sign our code of conduct and have a structured induction.

we have human resources policies designed to promote employee wellbeing and the provision of regular and open communication to employees. During the COVID-19 pandemic we have implemented a range of measures to promote staff wellbeing and have conducted staff meetings to test levels of satisfaction with our response.

COVID-19 pandemic

COVID-19 has had an impact on the delivery of education that Discover Islam is otherwise accustomed to delivering. Overall, the trustees believe that they have met their objectives for the year particularly given the new set of challenges and strains that our services faced along with all other charities, where we were required to switch our normal face-to-face services to a virtual remote platform and depend on volunteers to provide the necessary support needed.

Shortly, after the return to normal business, we have managed to resume our services back to usual.

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Plans for the future

Governance and administration

  1. Review policies and procedures to deliver a stronger governance structure.

  2. Establish a robust induction process and create an annual training programme for trustees.

  3. Plan for succession of trustees and members, build capacity and improve processes to increase diversity, ensure a broad range of skills, and improve compliance.

  4. Complete review of staffing and departmental structure, including head of staff.

Fundraising and income Generation

  1. Maintain net income of the charity at a sustainable £100k per annum.

  2. Make better use of internet and social media streams by engaging in digital fundraising.

Projects and Services

  1. Carry out review of the charity's school service.

  2. Carry out review of all supplementary education.

  3. Find a new interactive way to offer exhibition service.

  4. Support community needs in response to the impact of the 2020 pandemic and the rise in cost of living, by establishing a food bank and helping the needy and vulnerable.

The Board are aware of the challenges Discover Islam Europe faces due to change in external environment. Although our external environment changed dramatically during the year, our strategic goals continued to underpin our work. We agreed and began implementation of a five-year plan , focus firmly on the beneficiary within a financially sustainable model. New income streams, increase fund generation activities and cost management initiatives are being implemented.

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Structure, Governance and Management

The charity was incorporated on 1 June 2010 a company limited by guarantee. The charity is governed by its memorandum and articles of association approved in June 2010. The charity was registered with charity commission as a charity on 2 March 2012

Organisational structure: The trustees have delegated the day to day running of the charity to the director who is accountable to the trustees. The trustees have regular meeting to assess the performance of the charity. The Board of Trustees also works with key stakeholders and makes sure that we satisfy the regulatory requirements on us as a charity. The DIRECTOR engages actively with the Senior Management of the Charity to improve Discover Islam Europe's ability to respond to community needs and develop continuous development programs.

Roles of the Director and Senior Management: The Trustees delegate the day-to-day running of the charity to the director and the Senior Management Team (SMT). The DIRECTOR reports to the chair of the Board on a biweekly basis and the Trustees sit for formal meetings three times a year. The organisation is made up of structured departments functioning as independent units with clear reporting lines. Systems for line management, appraisals, staff development and supervision are in place, together with an accountability framework, and grievance and complaints procedures. Reports are submitted to the Charity Commission and Companies House by the Trustees, as required by law.

Pay policy for senior staff: Pay for senior staff is reviewed annually. During Financial year 2020, There were no staff members who received a salary of more than £60.000.

Board of Trustees

The Trustees are responsible for all matters pertaining to governance of the Charity and policy making. Discover Islam Europe’s management is responsible for implementing programmes and projects approved by the Trustees in an efficient and transparent manner, within its policy framework, thus fulfilling the stated aims and objectives of the Charity.

Reports are submitted to the Charity Commission by the Trustees as required by law.

Governance Code

The Charity Governance Code sets out the principles and recommended practice for good governance within the sector. The charity is reviewing its current governance arrangements against the principles within the code annually and address any issues raised.

Public benefit

The Trustees confirm that they abide by the Charity Commission’s general guidance on public benefit in accordance with the Charities Act 2011 to have due regard to public benefit in pursuance of the Charity’s aim.

Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements for each financial year in accordance with the law applicable to charities in England & Wales.

The Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (Charities SORP (FRS102)).

Under Companies/Charity Law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity, its income and application of resources of the Charity for that period.

In preparing these financial statements, the Trustees are required to:

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So far as each of the Trustees at the date of this report is aware, there is no relevant audit information of which the charity’s auditor is unaware. Each Trustee has taken all the steps that he/she ought to have taken as a trustee to make himself aware of any relevant audit information and to establish that the charity’s auditor is aware of that information.

The Trustees have exercised due diligence and care in protecting the integrity of the Charity and its reputation.

The Trustees take this opportunity to thank Discover Islam Europe stakeholders, in particular our generous donors and benefactors and staff for their support and faith in Discover Islam Europe commitment and ability to serve the community where needed most.

Staff, volunteers, and friends remain steadfast in their resolve to work for the service of humanity.

Risk and audit Committee

The key duties of the Committee are as follows:

The Committee also considers the financial plans and performance of Discover Islam Europe and the cost effective and efficient operation of the Charity.

Trustee Induction & recruitment:

To make sure we benefit from a professional, appropriate board, we provide trustees with comprehensive induction and on-going training in new or emerging areas or responsibility. New trustees receive a full overview of our strategic and operational functions, as well as welcome pack which includes a copy of the Memorandum and Articles of Association, the financial statements, Board minutes and the Charily Commission guidance ‘The Essential Trustee’. Trustees are encouraged to Identify their training needs. The Chief Executive Officer (DIRECTOR) keeps trustees up to date with changes in regulatory standards and training possibilities. The Board of Trustees receives regular performance reports, annual financial reports, plans and budgets.

Discover Islam Europe shall develop and maintain a skills matrix to identify and recruit trustees and in selecting individuals for appointment as charity trustees, shall have regard to the benefits of diversity among the trustees and the skills, knowledge and experience needed for the effective administration of the Charity ~~.~~

Key Management Personnel and Remuneration Policy

The organisation is made up of structured departments functioning as independent units with clear reporting lines. Systems for line management, appraisals, staff development and supervision are in place, together with an accountability framework as well as grievance and complaints procedures.

The Senior Leadership Team (SLT) is considered to be key management personnel and consists of the directors, heads of each Departments.

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Remuneration for all senior staff is based on annual appraisals carried out by the DIRECTOR or Chairman and then reviewed by an appropriate committee. The review of pay takes into consideration roles and responsibilities together with relevant market rates.

Pension

The Charity has complied fully with the auto-enrolment legislation Since October 2017 employees have been offered an employer contribution of 1% against a 1% employee contribution. This has been raised to between 2% and 3% in 2018 and rise between 3% and 5% to present.

Independent Examiner

HRHS Accountancy has acknowledged its willingness to be reappointed as auditor for the year ending 31 December 2021.

Bankers

Barclays Bank

20 Fulham Broadway, Fulham, London SW6 1AH

Solicitors

Lee Bolton Monier-Williams 1 the Sanctuary, Westminster, London, SW1P 3JT

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Financial Review

The financial statements have been prepared in accordance with the accounting policies set out on pages Below of the attached Financial Statements and comply with applicable laws and requirements of the ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ (Charities SORP (FRS102)) issued by the Charity Commission.

Income

The Charity’s total income for the year was £65K (2020: £79K ) & (2019 £91K , income has decreased by 17% ( £14K) compared to 2020 & 26% (£24K) compared to year 2019, primarily due to a reduction from the main donors and the impact of COVID-19 on the cost of living

Two years’ income trend

----- Start of picture text -----
Two years income trend
80,000
60,000
40,000
20,000
-
Donations and legacies Charitable activities
2021 2020
----- End of picture text -----

Expenditure

Our total expenditure for the year ended 31 December 2021 was £58K, almost the same as previous year (2020: £57K ). The charity succeeded to cap its expenses after resuming the usual business and changes to the cost of living

Two years’ programme expenditure trend

Charitable expenditure by programme

----- Start of picture text -----
Two Year expenditures trend
70,000
60,000
50,000
40,000
30,000
20,000
10,000
-
1 2
Raising funds Charitable activities
----- End of picture text -----

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Net assets

The balance sheet for the Charity shows net assets of £42K , (2020: £35K & £13K 2019) . The increase in funds is represented by a net surplus in the year of £7k and £29K from year 2019 to end of 2021

Tangible fixed assets

The changes in tangible fixed assets during the period are shown in Note 7 to the financial statements.

Reserves policy

The Board of Trustees have adopted a reserves policy to hold the equivalent of six to nine months' operational expenditure in reserve. This is a best practise as stipulated by the Practical Quality Assurance System for Small Organisations (PQASSO) quality mark guidelines. The actual free reserves in current assets at the end of the year were enough to service the planned reserve policy and the board is working to improve this during the coming two years.

Trustees assessment of Going Concern

In the trustees’ report, there is a review of financial performance and of the charity’s reserves position. There are adequate financial resources and the charity is well placed to manage business risks. The planning process, including financial projections, has taken into consideration the current economic climate, including the impact of the Covid-19 pandemic and its potential impact on the various sources of income and planned expenditure. It is a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. There is no material uncertainty to going concern.

.

Sameh Ramadan Chairman

Naif Sheikh Trustee

----- Start of picture text -----
Sameh Ramadan (Sep 12, 2022 14:46 GMT+1)
----- End of picture text -----

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DISCOVER ISLAM EUROPE LIMITED

FOR THE PERIOD ENDED 31 December 2021

I report on the accounts which are set out on Pages below

Respective responsibilities of the Trustees’

The trustees (who are also directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period under section144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.

Basis of independent examiner's report

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 statement below.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: • the directors' use of the going concern basis of accounting in the preparation of the accounts is not appropriate; or • the directors have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

a. to keep accounting records in accordance with section 130 of the Charities Act; and

b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Hashem Soliman Dated: 18[th] July 2022

HRHS Accountancy Hashem Soliman Member of Association of Accounting Technicians 41 Revere Way London KT19 9RQ

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Statement of Financial Activities

Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities
Charity Name: Discover Islam Europe Limited
Charity No
1146212
Annual accounts for the period Company No
7269783
Period start date 01/01/2021 Period end date 31/12/2021
Section A Statement of financial activities
Recommended categories by activity
Income and Endowments (Note 3)
Charitable Income
Donations and legacies
Charitable activities
Other
Total
Expenditure (Notes 4-6)
Expenditure on:
Raising funds
Charitable activities
Total
Net incoming/(outgoing) resources
before transfers
Gross transfers between funds
Net incoming/(outgoing) resources
before other recognised gains/(losses)
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£		 2021
Restricted
£		 £ 2020
£
- - -
47,868 47,868 63,519
11,029 11,029 9,016
6,264 6,264 6,717
65,161 65,161 79,251
- -
- - -
13,670 13,670 17,718
44,611 44,611 39,949
58,281 58,281 57,668
6,879 6,879 21,584
- - -
6,879 6,879 21,584
6,879 6,879 21,584
34,931 34,931 13,348
41,811 41,811 34,931

The results for the year shown above all derive from continuing operations. All recognised gains and losses are reflected in the Statement of Financial Activities and therefore no separate statement of total recognised gains and losses has been presented.

The notes on pages below form an integral part of these financial statements

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Balance Sheet

Fixed assets
Tangible assets (Note 7)
Total fixed assets
Current assets
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year (Note 8)
Net current assets/(liabilities)
Total assets less current liabilities
Net assets
Funds of the Charity
Unrestricted funds
P&L Account
Total funds		 Unrestricted
funds
Restricted
Funds
£
£		 Unrestricted
funds
Restricted
Funds
£
£		 2021
2020
£		 2021
2020
£
540 540 720
540 540 720
50,607 50,607 34,861
50,607 50,607 34,861
9,337 9,337 650
41,270 41,270 34,211
41,810 41,810 34,931
41,810 41,810 34,931
34,931 34,931 13,348
6,879 6,879 21,584
41,811 41,811 34,931

The financial statements were approved by the Trustees on 18[th] July 2022 and signed on its behalf by:

Sameh Ramadan Naif Sheikh
Chairman Trustee
Sameh Ramadan (Sep 12, 2022 14:46 GMT+1)

The notes on pages below form part of these financial statements.

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Statement of Cash flows

tatement of Cash flows
For the year ended 31 December 2021
Cash flows from operating activities:
Net movement in funds (as per the Statement of Financial
Activities)
Depreciation charges
(Increase)/Decrease in debtors
(Decrease) / Increase in creditors
Cash flow from financing activities
Loan received
Cash flows from investing activities:
Purchase of assets
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Net increase / (decrease) in cash and cash equivalents		 Total
Total
2021
2020
£
£
6,879
21,584
180
240
-
-
8,687
(3,197)
15,746
18,627
-
-
-
-
-
-
-
-
15,746
18,627
34,862
16,235
50,608
34,862
15,746
18,627

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Notes to the financial statements

For the year ended 31 December 2021

1 Accounting policies

a) Basis of preparation

The financial statements of the Charity, which is a public benefit entity under Financial Reporting Standard 102, have been prepared under the historical cost convention in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2015, the Accounting and Reporting by Charities: 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 (FRS102)) and the Charities Act 2011 and Companies Act 2006.

The Accounting Policies are consistent with the previous year. After reviewing the charity’s forecasts and projections, the trustees (who are the directors for the purposes of company law) have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity, therefore, continues to adopt the going concern basis in preparing its financial statements.

The accounts present a true and fair view and no changes have been made to the accounting policies.

No changes to accounting estimates have occurred in the reporting period. No material prior year error has been identified in the reporting period.

Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

b) Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when Discover Islam Europe is entitled to the funds, receipt is probable, and the amount can be measured reliably.

Gifts in Kind for which Discover Islam Europe accepts full responsibility for distribution are included in income at the value to the charity when the good are received and under the control of Discover Islam Europe. Amounts are recognised in inventory until distributed at which point the relevant cost is released to the statement of financial activities.

The receipt in advance of a grant for expenditure that takes place in a future accounting period is accounted for as deferred income and recognised as a liability until the accounting period in which Discover Islam Europe will expend the resource.

c) Resources expended

Resources expended are recognised on an accrual’s basis.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

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Section C Notes to the accounts (cont)

Support costs are those costs incurred indirectly in support of expenditure on the programmes of the Charity. Allocation of support costs and staff costs have been proportionated to the total of programme costs and corresponding thematic programme area.

Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements. They include legal advice for trustees, cost of trustees' meetings, audit fee and internal audit costs. These costs are allocated in the same way as other support costs.

c) Foreign currencies

Transactions in foreign currencies are translated at the rate of exchange at the time of the transaction.

Foreign currency balances are translated at the rate of exchange prevailing at the balance sheet date. Foreign currency gains and losses are recognised through the Statement of Financial Activities for the period in which they are incurred.

d) Investment property: N/A.

e) Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as

Leasehold properties Straight line over the life of the lease Freehold properties 5% straight line Computers and software 25% straight line Fixtures and fittings 25% straight line Office equipment 25% straight line Motor vehicles 15% straight line

Assets that are subject to amortisation are tested for impairment whenever events or changes in circumstance indicate.

f) Fund accounting

General funds are unrestricted funds which include buildings and equipment necessary for the proper functioning of the Charity and other funds available for use at the discretion of the Trustees in furtherance of the Charity's objectives.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for

particular purposes. Restricted funds are funds which are subject to specific restrictions as

imposed by the donor or nature of the appeal.

g) Taxation

As a registered charity, Discover Islam Europe is exempt from taxation of income and gains to the extent that its income and gains are applicable to charitable purposes only.

h) Key judgements and estimation uncertainty

The preparation of the financial statements requires the Trustees to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If in the future such estimates and assumptions, which are based on the Trustees' best judgment at the date of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change. The Trustees' do not believe that there are any significant areas of estimation uncertainty that need to be disclosed.

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Note 3 Analysis of incoming resources

Donations and
legacies
Charitable activities
Other
4 Resources
expended
Raising Funds
Charitable
activities
Total
Expenditure		 Donations and
legacies
Charitable activities
Other
4 Resources
expended
Raising Funds
Charitable
activities
Total
Expenditure		 Analysis Unrestricted
funds
£		 2021
Restricted
funds
£		 £ 2020
28,461
4,193
4,508
14,357
12,000
63,519
9,016
9,016
6,717
6,717
Total
2020
Costs
£
17,718
39,949
Standing Orders 28,129 - 28,129 28,461
General Donations 1,400 - 1,400 4,193
Go Cardless 6,248 6,248 4,508
Just giving & World Pay 12,091 - 12,091 14,357
Funds received from other
institution		 - - - 12,000
Total 47,868 - 47,868 63,519
Fundraising events 11,029 - 11,029 9,016
Total 11,029 - 11,029 9,016
Other Income 6,264 - 6,264 6,717
Total 6,264 - 6,264 6,717
Total
Direct Governance
Support
2021
Costs
Costs
Costs
Costs
£
£
£
£
12,439
235
997
13,670
40,592
765
3,253
44,611
53,031
1,000
4,250
58,281		 57,668

Discover Islam Europe Annual Report and Financial Statement 2021

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4 Support Costs 2021 2021 2020
£ £
Office Costs 4,250 9,769
Governance Costs 1,000 650
5,250 10,419
Governance Costs 2021 2020
£ £
Audit Fees 1,000 650
1,000 650
Note 5 Details of certain items of expenditure
Fees for examination or audit of the accounts
2021 2020
£ £
Independent examiner’s or auditors' fees for reporting
on the accounts 1000 650
Other fees (for example: advice, consultancy,
accountancy services) paid to the independent
examiner or auditor 0.00 0.00

Note 6 Paid employees Please complete this note if the charity has any employees.

6.1 Staff Costs

Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs
Total staff costs
6.2 Average number of full-time equivalent employees
in the year
The parts of the charity in which the
employees work
Fundraising
Charitable
Activities
Governance
Other
Total		 Gross wages, salaries and benefits in kind
Employer’s National Insurance costs
Pension costs
Total staff costs
6.2 Average number of full-time equivalent employees
in the year
The parts of the charity in which the
employees work
Fundraising
Charitable
Activities
Governance
Other
Total		 2021
£		 2020
£
31,709 7,186
366 -
144 30
32,218 7,216
alent employees This year
Number		 Last year
Number
Fundraising 1 -
Charitable
Activities		 2 1
Governance 2 2
Other 1
Total
6		 3

No Employees paid salaries over £60,000, all employees are part timer. The Director and trustees are volunteers, therefore, no directors’ remunerations.

Discover Islam Europe Annual Report and Financial Statement 2021

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7.1 Cost

Fixtures, fittings and equipment £ Balance brought forward 4,666 Additions - Balance carried forward 4,666

7.2 Accumulated depreciation and impairment provisions

*Basis*
 Rate
ard
or year
rd		 RB

25%
3,946
180.05
4,126
720
540

Balance brought forward Depreciation charge for year Balance carried forward 7.3 Net book value Brought forward Carried forward

Note 8 Creditors and accruals

Analysis of creditors

Accruals and deferred
income
Creditors
P.A.Y.E
National Insurance
Pension
Net Wages
Total		 Amounts falling due within one
year		 Amounts falling due within one
year		 Amounts falling due
more than one year		 Amounts falling due
more than one year
2021
£		 2020
£		 2021
£		 2020
£
608 650 - -
4,579 - -
269 - - -
612 - - -
-
34
-		 - -
3,303 - - -
9,337 650 - -

Discover Islam Europe Annual Report and Financial Statement 2021

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9 Movements of major funds Current Period Fund names

Current Period
Fund names
Fund
balances
Fund balances brought
Incoming		 Gains and carried
forward resources Outgoing resources Transfers losses forward
£ £ £ £ £ £
Unrestricted
Funds 34,931 65,161 58,281 41,810
- - - - -
-
Total Restricted
Funds -
-
-
-
-
-
Total of funds 34,931 65,161 58,281 -
-
41,810
Movements of major funds
Previous Period
Fund names
Fund
balances
Fund balances brought
Incoming		 Gains and carried
forward resources Outgoing resources Transfers losses forward
£ £ £ £ £ £
Unrestricted
Funds 13,347 79,251 57,668 34,931
- - - - -
-
Total Restricted
Funds 13,347 79,251 57,668 -
-
34,931
Total of funds 13,347 79,251 57,668 -
-
34,931

Unrestricted General fund represents the amount that trustees are free to use in accordance with the charity’s objectives.

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P a g e | 28

11 Taxation

Discover Islam Europe is a registered charity and is not therefore liable to income or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

12 Post balance sheet events

No post balance sheet event.

The company not registered for VAT, therefore, VAT deferral not applicable.

13 Related Parties

During financial year 2021, there were no Trustee or related party transactions recorded for the organisation.

Discover Islam Europe
Detailed Income and expenditure statement
For the year ended 31 December 2020
2020 2019
Income and Endowment £ £
Donations 79,251 92,147
Donated goods and services - -
Total Incoming resources 79,251 92,147
Expenditure
Raising donations
Fundraising Costs (14,517) (15,683)
Charitable activities
Direct costs (32,732) (68,943)
Support costs
Office costs (9,769) (4,983)
Storage - (300)
(9,769) (5,283)
Governance costs
Audit fees (650) (600)
Total resources expended (57,668) (90,509)
Net Income **21,583 ** **1,638 **

Discover Islam Europe Annual Report and Financial Statement 2021

Trustees Annual Report 2021

Final Audit Report

2022-09-12

Created: 2022-09-12 By: Hashem Soliman (hashem_soliman2000@outlook.com) Status: Signed Transaction ID: CBJCHBCAABAAgixIVMcY_BacQDibCheOOM1g_XZxAeju

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