2022-08-31-accounts - Nottingham Islam Information Point

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Nottingham Islam Information Point

Charity No. 1147992

Trustee's Report and Unaudited Accounts

31 August 2022

Nottingham Islam Information Point Contents

Independent Examiner's Report

Pages -

Page 1

Nottingham Islam Information Point Trustees Annual Report

The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 August 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1147992

Principal Office

Address Line 5

Trustee

The following trustee served during the year:

H. Holmes

Key Management Personnel

		KMP Name	1
KMP	2	KMP Name	2
KMP	3	KMP Name	3
KMP	4	KMP Name	4
KMP	5	KMP Name	5

Accountants

A H Accountants ltd 394 Alfreton Raod NG7 5NE

Bankers

Address Line 5

Solicitors

Address Line 5

Investment Advisors

Address Line 5

ACHIEVEMENTS AND PERFORMANCE

A large charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...

A large charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...

A large charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...

A large charity must provide an explanation of any material expenditure occurred to raise income in the future...

A large charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...

Page 2

Nottingham Islam Information Point Trustees Annual Report

PLANS FOR FUTURE PERIODS

A large charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...

A large charity's report should explain the trustees perspective of the future direction of the charity...

The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed

H. Holmes Trustee 31 August 2022

Page 3

Nottingham Islam Information Point Independent Examiners Report

Independent Examiner's Report to the trustee of Nottingham Islam Information Point

I report to the trustees on my examination of the financial statements of Nottingham Islam Information Point for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

A H Accountants ltd 394 Alfreton Raod

NG7 5NE 31 August 2022

Page 4

Nottingham Islam Information Point Statement of Financial Activities

for the year ended 31 August 2022

Unrestricted funds	Restricted funds	Total funds	Total funds
2022	2022	2022	2021
£	£	£	£

76,812	-	76,812	46,597
76,812	-	76,812	46,597

51,473	-	51,473	14,579
28,755	-	28,755	29,734
80,228	-	80,228	44,313
-	-	-	-
(3,416)	-	(3,416)	2,284
-	-	-	-
(3,416)	-	(3,416)	2,284

(3,416)	-	(3,416)	2,284

244,481	183,739	428,220	425,936
241,065	183,739	424,804	428,220

Page 5

Nottingham Islam Information Point Balance Sheet

at 31 August 2022

Charity No. 1147992 Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 10 Restricted income funds Unrestricted funds 10 General funds Reserves 10 Total funds	2022 £ 391,782 391,782 - 33,022 33,022 33,022 424,804 424,804 424,804 183,739 183,739 241,065 241,065 424,804	2021 £ 392,167
		392,167 6,302 29,751
		36,053
		36,053 428,220
		428,220
		428,220
		183,739
		183,739 244,481
		244,481
		428,220

Approved by the trustees on 31 August 2022

And signed on their behalf by:

H. Holmes Trustee 31 August 2022

Page 6

Nottingham Islam Information Point Notes to the Accounts

for the year ended 31 August 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Nottingham Islam Information Point Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Nottingham Islam Information Point Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Nottingham Islam Information Point Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Expenditure on charitable activities Expenditure on charitable activities Governance costs	Unrestricted funds 2021 £ 46,597 46,597 14,579 29,734 44,313 2,284 2,284 2,284 242,197 244,481 Unrestricted £ 76,812 76,812 Unrestricted £ 51,473 51,473	Restricted funds 2021 £ - - - - - - - - 183,739 183,739 Total 2022 £ 76,812 76,812 Total 2022 £ 51,473 51,473	Total funds 2021 £ 46,597
			46,597 14,579 29,734
			44,313
			2,284
			2,284
			2,284 425,936
			428,220
			Total 2021 £ 46,597
			46,597
			Total 2021 £ 14,579
			14,579

Page 10

Nottingham Islam Information Point Notes to the Accounts

5 Other expenditure

Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At 1 September 2021 At 31 August 2022 Depreciation and impairment Depreciation charge for the year At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 9 Debtors Other debtors	Unrestricted £ 6,540 17,287 385 3,189 1,354 28,755 2022 £ 385 2022 6,540 6,540 £ 388,316 388,316 - - 388,316 388,316 2022 £ - -	Total 2022 £ 6,540 17,287 385 3,189 1,354 28,755 £ 3,851 3,851 385 385 3,466 3,851	Total 2021 £ 12,296 12,999 428 3,286 725
			29,734
			2021 £ 428 2021 12,296
			12,296
			£ 392,167
			392,167
			385
			385
			391,782
			392,167
			2021 £ 6,302
			6,302

Page 11

Nottingham Islam Information Point Notes to the Accounts

10 Movement in funds

Incoming resources (including other gains/losses ) £ - - 76,812 76,812 At 1 September 2021 £	Resources expended £ - - (80,228) (80,228) Unrestricted funds £ 391,782 33,022 424,804 Cash flows £	At 31 August 2022 £ 183,739
		183,739
		241,065
		424,804
		Total £ 391,782 33,022
		424,804
		At 31 August 2022 £
29,751	3,271	33,022
29,751 29,751	3,271 3,271	33,022
		33,022

Page 12

Nottingham Islam Information Point Statement of Cash flows for the year ended 31 August 2022

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease/(Increase) in trade and other receivables Net cash provided by/(used in) operating activities Net cash used in investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2022 £ (3,416) 385 6,302 3,271 - - 3,271 29,751 33,022	2021 £ 2,284 428 (6,302)
		(3,590)
		(2,311)

		-

		(5,901)
		35,652
		29,751

Components of cash and cash equivalents
Cash and bank balances	33,022	29,751

	33,022	29,751

Page 13

Nottingham Islam Information Point Detailed Statement of Financial Activities

for the year ended 31 August 2022

Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Premises costs Rent Rates Light, heat and power Premises cleaning Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Depreciation of Bank charges Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees	Unrestricte d funds 2022 £ 76,812 76,812 76,812 51,473 51,473 51,473 6,540 6,540 - 765 4,813 5,880 2,122 3,707 17,287 385 - 253 217 1,541 300 - 878 3,574 300 -	2022 £ - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds 2022 £ 76,812 76,812 76,812 51,473 51,473 51,473 6,540 6,540 - 765 4,813 5,880 2,122 3,707 17,287 385 - 253 217 1,541 300 - 878 3,574 300 -	Total funds 2021 £ 46,597
				46,597
				46,597 14,579
				14,579
				14,579 12,296
				12,296
				2,324 - 3,823 - - 6,852
				12,999
				- 428 5 1,088 2,011 10 172 -
				3,714
				615 110

Page 14

Nottingham Islam Information Point Detailed Statement of Financial Activities

Nottingham Islam Information Point Detailed Statement of Financial Activities
Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,054 1,354 28,755 80,228 - (3,416) (3,416) - (3,416) 244,481 241,065	- - - - - - - - - 183,739 183,739	1,054 1,354 28,755 80,228 - (3,416) (3,416) - (3,416) 428,220 424,804	-
				725

				29,734
				44,313 -
				2,284
				2,284 -
				2,284
				425,936
				428,220

Page 15