2023-04-01-accounts - Idc North East

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Charity Number: 1147315

England and Wales

IDC NORTH EAST

Trustee's Report and Financial Statements

For the Period Ended 01 April '2023

Page 1

IDC NORTH EAST
Report and Accounts
Contents
	Page
Charity information	3
Trustees' report	4-6
Independent examiner’s report to the Trustees	7
Financial Statements	8
Balance Sheet	9
Notes to the accounts	10-14

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IDC NORTH EAST

Charity Information for period ended

01 April '2023

Trustees:

Mr Saqib Arshad Ajaz Khalid Rafi (Appointed 02.03.2023) Mr Majid Younas

Principal bankers: TSB Newcastle Business Address: 2 Shipley Avenue Newcastle Upon Tyne NE4 9RA Charity number: 1147315 England and Wales

Accountants: S M Q Accountancy and Management Consultancy Ltd Crown House-Suite 702, North Circular Road London NW10 7PN

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IDC NORTH EAST Directors'/Trustees' Annual Report

Structure, Governance & Management

The IDC NORTH EAST as charity was incorporated on 03 August 2006

and is governed by Charity Constitution. It is also a registered charity, no. 1147315

Organisational Structure

The charity trustees are responsible for the strategic management of the charity. The CEO and staff are responsible for the implementation of plans and the day-to-day running of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name IDC North East

Charity registration number 1147315 Principal office:2 Shipley Avenue, Newcastle Upon Tyne NE4 9RA

THE TRUSTEES

The trustees who served the charity during the period were as follows:

Mr Saqib Arshad, Chairman Mr Ajaz Khalid Rafi Mr Majid Younas

Accountant

S M Q Accountancy & Management Consultancy Limited Crown House, North Circular Road, London NW10 7PN

GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Structure, governance and management Structure

The IDC North East charity was registered on 18 May 2012 governed by Constitution adopted 03/08/2006 as amended on 16/05/2012.

Objectives

1.To advance the islamic faith by raising awareness to those new to the faith and of different religions. 2.The promotion of religious harmony for the benefit of the public by

(A) Promoting knowledge and mutual understanding and respect of the the beliefs and practices of different religious faiths;

(B) Raising awareness and understanding of islam and work to bring communities together.

Risk Management

The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposure to these risks.

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IDC NORTH EAST

Aim:

The organisation strives to challenge stereotypes and remove misconceptions about Islam through education and practical implementation, based on the authentic teachings and understandings of the Quran and Prophetic traditions.

What we do:

The charity is involved in a number of professional programmes and activities of engagement to bring about a change in perception of Islam and the Muslim community.

Services

Throughout the financial year 2022/2023 IDC North East carried out a variety of projects in the local community.

A brief list of activities is outlined below.

Raising Awareness:

IDC North East works with public organisations as well as schools delivering Islamic awareness workshops at different levels.

We have run outdoor activities for the wider public to learn more about islam and Muslims and in particular current issues that affect our society today.

Promotion of Religious Harmony:

Promoting knowledge and mutual understanding

IDC North East is often invited to Interfaith events to provide an Islamic perspective on certain issues and beliefs. IDC North East works with local organizations and institutes including the local university ISOCs and mosques to promote greater understanding of Islam and empowering the local community to be involved in Islamic awareness work.

Working to bring communities together:

IDC North East is also passionate to bring positive contributions to society by giving an opportunity to everyone in the community to participate and help make a difference to the welfare of the local community through charity work and volunteering.

New Muslim Support:

IDC organized support and education for 30 newly converted Muslims to help them through their journey in Islam in a safe environment. This is done through our mentoring programme and educational classes.

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IDC NORTH EAST

Financial Overview

Reserves policy

The trustees have set a reserves policy of £15,000

For the year ended 01 April 2023 the IDC NORTH EAST had a deficit of £43,349 (2021.22 £91,899). The charity's financial position strengthened over last year as trustees and management retained their commitment over the scrutiny of costs and careful selection of focused projects.

Principal funding source

The majority of funds are raised through grants and donations, an area that the trustees are keen to develop further.

Measures in place

The trustees have put in place key outcomes and outputs for which funds are to be used. All the funds are used to further the charity’s objects.

Financial management policy

The financial management is managed by the trustees and staff who ensure that the charity adheres to its financial policy and procedures.

Our financial policies and procedures are designed to ensure that charitable donations are spent in line with IDC North East’s charitable objectives.

All expenditure is reviewed and approved by the financial controller to ensure that funds are expended on items that fulfil its charitable objectives in the most cost-effective manner for the charity.

The income, expenditure and records of the charity are internally audited quarterly by the treasurer on behalf of the trustees to ensure that the financial policies and procedures have been followed.

Approved by the trustees on 23rd January 2024 and signed on their behalf:

Mr Saqib Arshad (Trustee)

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Independent examiner’s report to the Trustees of IDC NORTH EAST

I report on the accounts of the charity for the year ended 1st April 2023, which are set out on pages 10 to15.

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 under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility:

a) Examine the accounts (under section 145 of the 2011 Act;

b) To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act);

c) To state whether particular matters have come to my attention.

Basis of independents examiners Report:

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.

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 140 of the 2011 Act; and b) 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.

S M Q Accountancy and Management Consultancy Ltd Crown House-Suite 702, North Circular Road, London NW10 7PN

Date: 23rd January 2024

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IDC NORTH EAST

Statement of financial activities for the Y/E 01 April '2023

Unrestricted 31,374 1460 684	Restricted 97,138 0 0	Total 2023 128,512 1,460 684	Total 2021 355,441 0 2,999
33,518	97,138	130,656	358,440
5,836 22,284 2,286	0 143,600 0	5,836 165,884 2,286	14,204 245,094 7,244
30,406	143,600	174,006	266,542
3,113 (9,675)	(46,462) 157,515	(43,349) 147,840	91,898 55,942
(6,562)	111,053	104,491	147,840

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IDC NORTH EAST BALANCE SHEET AS 01 April'2023 TANGIBLE FIXED ASSETS 4 Office Equipments Office Furniture CURRENT ASSETS Debtors Cash at bank and in hand CURRENT LIABILITIES Creditors 5 NET CURRENT ASSETS Total Current Assets less Current Liabilities RESERVES Income and Expenditue account Members' Funds	2023 2022 £ £ 870 1,555 0 0
	870 1,555
	0 0 104,371 154,340 750 8,055
	103,621 146,285

	104,491 147,840
	104,491 147,840
	104,491 147,840

These accounts have been delivered in accordance with the provisions applicable to companies subject to small companies regime.

For the year ending 01/04/2023 the company was entitled to exemption from audit under section 477 (2) of Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Mr Saqib Arshad (Trustee) Approved by the board on 23rd January 2023

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IDC NORTH EAST

Notes to the Financial Statements For the Y/E 01 April '2023

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102,

have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2015)',

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland':

the requirements of Section 7 Statement of Cash Flows;

the requirement of Section 3 Financial Statement Presentation paragraph 3.l 7(d);

the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 1l.41(c), 11.41(e), 11.41(f), 11.42, 11.44, 11.45, 11.47, 1l.48(a)(iii), 11.48(a)(iv), 1l.48(b) and 1l.48(c);

the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29 (b) and 12.29A; the requirement of Section 33 Related Party Disclosure paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

There are no significant estimates having a material effect on the financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

This comprises all incoming resources from donations, grants of general nature provided by other charitable foundations which are not conditional on delivering certain levels of volumes of a service or supply of charitable goods and income from fundraising partners on the basis of that which is remitted to IDC in the United Kingdom.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to

that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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IDC NORTH EAST

Raising funds

Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and them. services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support

Governance costs

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with meeting the constitutional and statutory requirements of the Charity. Allocation and apportionment of costs

Support costs include central functions and have been allocated to activity cost categories usage. on a basis consistent with the use of resources, for example, allocation property costs by floor areas, or per capital, staff costs by the time spent and other costs by their

Tangible fixed assets

Fixed assets are included at cost. Items are capitalised if their cost or, if gifted their donated value, is over £1,000. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment 25% straight line basis

Taxation

The charity is exempt from tax on its charitable activities.

Fund

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern

The Board of Trustees have reviewed the Charity's financial requirements for a period of 12 months following the date of approval of these accounts and are satisfied that there are no material uncertainties about the charity's ability to continue,therefore the Charity's activities will operate at a continued adequate level of surplus in the future.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures&Fitting (inc.Computers) 25% on cost Plant and machinery 25% on cost Motor vehicles 25% on cost

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IDC NORTH EAST

2. Incoming Resources Donation Gift Aid School Workshop Other IDC NORTH EAST 3. Charitable activities Staff Cost Telephone Fundraising Cost Office Rent Professional Fee Project Costs (Restricted) Project Costs (Unrestricted) Printing and Stationary Website/Domain Name Repair and Maint Utility Cost Travelling Depreciation Accountancy	2023 2022 £ £ 128,512 353,077 - 2,999 1,460 2,364 684 -
	130,656 358,440 2023 2022 £ £ 0 18,598 169 687 5,836 29,200 0 4,000 600 2,902 143,600 196,546 21,500 9,863 0 272 615 1,009 0 800 251 658 0 572 685 685 750 750
	174,006 266,542

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IDC NORTH EAST

Notes to the Financial Statements For the Y/E 01 April '2023

Fixture and Fitting 0 0 0	Office Equipments 2,000 740 0	Motor Total Vehicles £ 0 2,000 0 740 0 0

0 0 0 0	2,740 1,185 685 0	0 2,740 0 1,185 0 685 0 0
0	1,870	0 1,870
0	870	0 870

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IDC NORTH EAST

Notes to the Financial Statements For the Y/E 01 April '2023

5.Creditors: amounts falling due within one year Other creditors 6.Staff Costs Wages and Salaries PAYE	2023 2021 £ £ 750 8,055
	750 8,055
	0 17,944 0 654
	0 18,598

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