IBN ABBAS ISLAMIC CENTRE
Aceollnts and Reports
For the year ended 30 April 2021
## IBN ABBAS ISLAMIC CENTRE
Contents For the year ended 30 April 2021
|||Page|
|---|---|---|
|Legal and administrative information|1||
|Trustees’ report|2-3||
|Independent examiner’s report|4||
|Statement of financial activities|5||
|Balance sheet|6||
|Notes to the accounts|7-8||
## IBN ABBAS ISLAMIC CENTRE
## Legal Information
For the year ended 30 April 2021
|Status:|The organisation is a charity registered|with the Charities|
|---|---|---|
||Commission in England & Wales.||
|Charity number:|1147289||
|Registered Office &Headquarter|||
|Business Address:|||
||Ibn Abbas Islamic Centre||
||23-24 Cheriton||
||Queens Crescent||
||London||
||NW5 4EZ||
|Trustees:|Mr. Abdirahman M Warsame|-Trustee/Chairman|
||Mr. Abdirahman Barkhadle|- Trustee/Vice-chair|
||Mr. Mohamed Dirshe|- Trustee/Vice-chair|
||Mr. Mohamoud S Hassan|-Trustee/Treasurer|
||Mr. Mohamed A Abshir|- Trustee|
||Mr. Abdulaziz J Farah|- Trustee|
||Mr. Amir Salim|- Trustee|
||Mr. Omar M Jama|- Trustee|
||Mr. Abdiwahab D Musse|- Trustee|
||Mr. Mohamed I Abdi|- Trustee|
||Mr. Ahmed A Warsame|-Trustee|
|Bankers:|HSBC Bank PLC||
||176 Camden High Street||
||London||
||NW1 8QL||
|Accountants:|Issa Associates||
||Chartered Certified Accountants||
||40a Maygrove Road||
||London NW6 2EB||
1
## IBN ABBAS ISLAMIC CENTRE
## Trustees Report
For the year ended 30 April 2021
## _Objective_
The objectives of Ibn Abbas Islamic Centre are:
1. To advance the Islamic faith for the public benefit.
2. To advance education for the public benefit in particular but not exclusively by the provision of after school and supplementary classes.
3. The promotion and protection of good health.
4. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
5. Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and wales as the trustees may from time to time determine.
## _Legal structure_
The Ibn Abbas Islamic Centre is a registered charity, governed by its Constitution
## _Financial statements_
The trustees submit their trustees’ report and financial statements for the year ended 30 April 2021.
## _Policies:_
## _Reserve policy:_
The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
## _Risk(s) review:_
The trustees have recently examined and reviewed the major risk(s) faced by the Ibn Abbas Islamic Centre to mitigate those risks. The risk management strategy will be periodically reviewed to make sure that it still meets the needs of the charity.
## _Appointment of Trustees._
The charity in general meeting shall elect the officers and the other trustees. Each of the trustees shall retire with effect from the conclusion of the annual general meeting next after his or her appointment but shall be eligible for re-election at that annual general meeting.
_2_
## IBN ABBAS ISLAMIC CENTRE
Trustees Report (Continues)
For the year ended 30 April 2021
## _Trustees Responsibilities_
The trustees are responsible for keeping proper accounting records which disclose at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant regulations. The trustees oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the charity.
Trustees are also responsible for safeguarding the assets of the charity. They are elected and replaced as set out in the constitution.
## _Activities and Achievements_
The charity is managed by 8 elected trustee members, and is staffed by 10 volunteers. The office is open from Mondays to Fridays from 10am- 6pm.
The core of the charity’s work is advancement of Islamic faith as well as educational advancement and basic health promotion within the local community.
## _Evaluating impact of our activities:_
We are committed to ensuring that in everything we do, we are accountable to those we work with and those we work for our service users. We use many ways to monitor and evaluate:
During our projects we evaluate the success of activities from a number of areas such as;
- Participation, enjoyment, maintaining numbers.
- Completing review and feedback exercises to view and understand outcomes achievements as well as challenges and areas of improvement.
## _Summary of main achievements 2020-2021_
Ibn Abbas Islamic Centre provides free information, advice and guidance to vulnerable members of the community who are facing many barriers including language and cultural barriers to support and help them access mainstream services.
## **Funding**
The charity was funded by members of the local Muslim community.
This report was approved by the board and signed on its behalf by:
............................. Chair Abdirahman M Warsame
Date: 04 February 2022
3
## IBN ABBAS ISLAMIC CENTRE
Independent Examiners Report
For the year ended 30 April 2021
I have examined the accounts on pages 5 to 6, which have been prepared on the basis of accruals.
## _Respective responsibilities of trustees and examiner_
The trustees of the charity are responsible for the preparation of accounts; we consider that the audit requirement under section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to examine the accounts, without performing an audit, and to report to trustees.
## _Basis of independent examiner’s report_
This report is in respect of an examination carried out under section 43 of the Charities Act 1993 and in accordance with the directions given by the charity commissioners under section 43(7)(b). An examination includes a review of the accounting records kept by the charity trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not constitute an audit.
## _Independent examiner’s statement_
Based on my examination, no matter has come to attention which gives me reasonable cause to believe that in any material respect accounting records for the year ended 30 April 2021 have not been in accordance with section 41 of the Charities Act 1993, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 1993. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.
__________________________
Issa Associates Certified Accountants & Tax Consultants Suite 116 Cumberland Hse 80 Scrubs Lane London NW10 6RF
Date: 04 February 2022
4
## IBN ABBAS ISLAMIC CENTRE
## Statement of Financial Activities
For the year ended 30 April 2021
|_Income_
_Grants and Donations_
_Expenditure_
Rent, room hire & rates
Project costs
Repairs and maintenance
Water rates
Insurance
Legal & professional
Wages and salaries
Bank charges
Total expenditure
Fund balance for the year
Balance brought forward
Balance carried forward|Restricted
£
50,722
50,722
18,375
3,850
3,600
704
-
150
650
-
27,329
23,393
15,121
38,514|Total funds
£
50,722
50,722
18,375
3,850
3,600
704
-
150
650
-
27,329
23,393
15,121
38,514
2021|2020
Total funds
£
23,138|
|---|---|---|---|
||||23,138|
||||7,875
-
-
581
519
1,244
3,600
422|
||||14,241|
||||8,897|
||||6,224|
||||15,121|
5
## IBN ABBAS ISLAMIC CENTRE
## Balance Sheet
For the year ended 30 April 2021
|Notes
_Fixed Assets:_
Tangible
3
_Current Assets:_
Cash at bank and in hand
_Current liabilities payable within 1 year:_
Creditors and accruals
4
_Net Current Assets_
_Total Assets less current liabilities_
_Funds:_
Fund balance as at 30 April 2021|£
£
£
£
-
-
38,514
15,121
38,514
15,121
-
-
38,514
15,121
38,514
15,121
38,514
15,121
38,514
15,121
2021
2020|
|---|---|
||38,514
-|
|||
The statement of financial activities as set out on page 5 for the financial year ending 30 April 2021, and the statement of assets and liabilities as set out on this page are as approved by the trustees on 04 February 2022.
Chair Abdirahman M Warsame
6
## IBN ABBAS ISLAMIC CENTRE
## Notes to the Accounts
For the year ended 30 April 2021
- 1 _Basis of accounting_
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with Statement of Recommended Practice (SORP 2005), "Accounting and Reporting by Charities" and applicable accounting standards.
- 2 _Accounting Policies_
A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.
- 2.1 _Income and expenditure_
All income and expenditure is accounted for on receipt and payment basis.
- 2.2 _Fund Accounting_
General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by donors.
- 2.2 _Tangible Fixed assets and Depreciation_
Tangible fixed assets are stated at cost.
Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.
## 2.3 _Charity status_
The charity is registered with the Charities Commission in England & Wales.
7
## IBN ABBAS ISLAMIC CENTRE
## Notes to the Accounts
For the year ended 30 April 2021
|3
Tangible Fixed Assets
_Costs_
At 1 May 2020
Additions during the year
At 30 April 2021
_Depreciation_
At 1 May 2020
Charge for the year
At 30 April 2021
_Net Book value_
At 30 April 2021
At 30 April 2020
4
_Creditors: Amount falling due within one year_
Accruals|Office
equipment
Total
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2021
2020
£
£
-
-
-
-|
|---|---|
8