2021-11-30-accounts - Ipswich Kurdish Islamic Cultural Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity No: 1149580 IPSWICH KURDISH ISLAMIC CULTURAL CENTRE 61 Westgate Street, Ipswich, IP1 3DZ

ACCOUNTS FOR THE YEAR ENDED 30[th] November 2021

----- Start of picture text -----
Maz & Co Accountants
Accountants and Business Advisors
1 [ST] Floor, 14 St Peters Street, Ipswich, IP1 1XB
----- End of picture text -----

Name of Charity : Ipswich Kurdish Islamic cultural Centre Chairman & Trustee : Mr. Taha Mohamed Treasurer : Mr. Mohammad Rahim Correspondence Address : 61 Westgate Street Ipswich IP1 3DZ Tel : 07599227177 Registered Charity Number : 1149580 Independent Examiner : Maz & Co Accountants Accountants and Business Advisors 1st Floor, 14 St Peters Street Ipswich IP1 1XB Banker : Lloyds Bank Plc Lloyds Avenue, Ipswich Branch

Ipswich Kurdish Islamic cultural Centre

Independent Examiner’s Report to the Trustees for the year ended 30[th] November 2021.

The financial statements laid out in this report on page 3 to 4 have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities Commission issued in April 2015 and applicable Accounting Standards and the Charities Act 2011.

Responsibilities of the Trustees

As the Charity’s Trustees, you are responsible for the preparation of the Financial Statements. The Executive Committee considers that an Audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an Independent Examiner is needed.

It is our responsibility to:

Examine the Financial Statements under section 145 of the 2011 Act.
Follow the procedure laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act and to state whether matters have come to my attention

Basis of Independent Examiners’ Statement

The examination of the accounts was carried out in accordance with general direction given by the Charities Commissioner. The examination includes:

. A review of the accounting records kept by the Charity.
. A comparison of the accounts presented with those records made available.
. It includes consideration of any unusual items of disclosures in the accounts.

Finally, obtaining explanations from you as Trustees concerning any such matters relating to the accounts. The examination also includes examination of any such matters of evidence relevant to the account of disclosures in the financial statements. It includes assessment of the significant estimates and judgments made in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity’s circumstances consistently applied and adequately disclosed. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express and audit opinion on the view given by the accounts.

Independent Examiners’ Statement

In connection with our examination no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect of the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act. And
to prepare accounts which accord with accounting records and comply with the accounting requirement of the Act

have not been met or

(2) To which in our opinion attention should be drawn to enable a proper understanding of the accounts to be reached.

Opinion

In my opinion the financial statement as prepared give a true and fair view of the charity’s state of affairs as at 30[th] November,2021 and of its incoming resources and their application in the year ended have been properly prepared with general direction given by the Charities Commissioner

.……………………………………………………………..

Mohammad Abid MBA ASP

Maz & Co Accountants, 1[st] Floor, 14 St Peters Street Ipswich, IP1 1XB

Date: 20th August 2022

Ipswich Islamic Kurdish cultural Centre

STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 30thNovember 2021 Restricted Funds 1 Restricted funds 2 £ £ Friday Prayer & Box Collection Funds for Ipswich new mosque building 473647 Funds collected for Bradford Mosque 168455 Total Income 473647 168455	Unrestr icted £ 1270 1270	Total £ 1270 473647 168455 643372
EXPENDITURE Rent, Rates & Water Charges Light & Heat Postage & Stationery Depreciation Accountancy & Legal Fees Excess of Expenses Over Income	301 2894 90 217 700 (2932)	301 2894 90 217 700
		639170

Ipswich Kurdish Islamic Cultural Centre

BALANCE SHEET AS AT 30 November 2021 FIXED ASSETS £ £ Land & Building (Incl improvement) 976932 CURRENT ASSETS Cash in hand & At Bank 7325 CURRENT LIABILITIES Creditors amounts falling due within one year ( 2635) 4690 Net Current Assets 981622 Net Assets Capital and reserves 981622 Profit and loss account Accumulated Funds 981622 Accumulated Funds on 01 December 2020 342452 Excess of income over expenses 639170 At 30 November 2021 981622

REPRESENTED BY Taha Mohamed

Registered Charity number 1149580

The report of the trustees for the year ended 30 November 2021

Introduction:

The trustees present their report with financial statements of the charity for the year ended 30 November 2021. The board of trustees are satisfied with the performance of the charity during the year.

Need little more improvement in terms of collection. Overall charity gathers more funds compared to last year. Charity has raised extraordinarily record high funds in one year. This has been gathered for the purchase of two more freehold buildings one in Ipswich at 61 Westgate Street, IPSWICH, IP1 3DZ and the second property at 799 Thornton Road, Bradford, BD8 0HJ. Both properties purchase is now completed and are fully occupied.

Structure, Governance, and management Trustees

The trustees named below have served throughout the year. No trustee has any beneficial interest in the charity. One trustee for just two months needed to be served as caretaker in an emergency when no volunteer was available for the services trustees took this decision have no choice either shut the door or ask help within. Trustees unanimously approved the above decision. Trustees also approved collection and verification system sheet unanimously and stress the need to more improve in coming months. Trustees appointed Maz & Co Accountants as IKICC’s Accountants for the next financial year. Trustees are only appointed by the Board of Trustees.

Names of Trustees:

1) Mohammad Rahim
2) Eysa Mohammed
3) Khalid Albayti
4) Taha Muhamad
5) Abdulhamid Taher Abdallah

Name, registered office and constitution of the charity

The full name of the charity is Ipswich Kurdish Islamic Cultural Centre The charity is also known by the IKICC.

The legal registration details are: Date incorporation 29/09/2011 Company Registration Number 7791101 The Registered Office is 61 Westgate Street, Ipswich IP1 3DZ Charity Registration Number 1149580 Telephone Number 01473 214388

Organization

The Trustees meet regularly with the management committee to review the day-to-day duties which have been delegated the committee.

Risk policy

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Trustees has set up a system of cash collection and verification by the other trustee’s cashier bookkeeper count money and draw on cash collection sheet and other trustee verify it.

Objectives and Activities of the Charity

Public benefit that is provided by the charity: To advance the Islamic Religion in Suffolk, to relieve poverty, hardship, and distress amongst the Muslims in the UK> IKICC and mosque make available the charity facilities to all Muslims in the area irrespective of school of thought and also non-muslins. Provide facilities for the teachings of the Holy Quran and the Sunnah to children young boys and girls. Arrange Islamic lectures meetings and seminars. Provide a facility for Nikah of Muslims is Ipswich and rest of Suffolk.

Appointment of trustees

The charity in general meeting shall elect the officers and the other trustees. The trustee may appoint any person who is willing to act as a trustee. Subject to sum clause 5 (b) of the clause, they may also appoint trustees to act as officers. 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. The has no share capital.

Policies on reserves

The trustees have resolved to establish reserves to provide for future actives, and the trustees have wide power of investment. Within those powers, a policy has been determined that the existing asses be retained to produce income which is wholly utilized to support existing activities. The intention in the immediate future is to restore the balance of the capital held to preserve the income necessary to maintain the actives of the charity. Reserves held are considered only sufficient of cover a reasonable period of expenditure, should further income fail to be materialized and are held in an interest-bearing bank account. Investment policies have not been considered as the charity does not have capital to invest other than to meet short term requirements. The members of the Board of Trustees of the Charity at date the report and accounts were approved.

Independent Examiner

Maz & Co Accountants 1[st] Floor 14 St Peters Street Ipswich IP1 1XB

Statement of Directors and Trustees Responsibilities

The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to: -

Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent and inappropriate to pressure that the charity will continue in business.
State whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclose and explained in the financial statements.

The Trustees are also responsible for maintaining adequate accounting records which

disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure the financial statements comply with the companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustee’s report and the responsibility of the independent examiner in relation to the trustees report is limited to examining the report and ensuring the on the face of the report there are no inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts

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

This report was approved by the board of trustees on 15 August 2022.

Taha Muhamed Chairman and Trustee IPSWICH KURDISH ISLAMIC CULTURAL CENTRE