## **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**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net (expenditure)/income**
6
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**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**
|**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**
11 **Analysis of net assets between funds**
Fixed assets
Net current assets
12 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1**
**September**
**2021**
183,739
183,739
244,481
428,220|**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