Islamlc Educatlon Centre and Mosque Charlty No. 1150827 Trustee's R•port and Unaudltsd Accounts Year End•d 3110312024
Islamlc Educatlon Centre and Mosque Trustee's Annual Report (Charlty No. 1150627) The trustees present iheif report with the unaudited financial slalemenls of the charity lor the year ended 31 March 2024. Governlng Document,. The Mosque serves the spiritual, religious and communal needs of area Muslims by mean5 of nurluring their faith, upholding their values, and fosterin8 the well-being of the surrounding community through worship, charity, education, outreath, and civi¢ engagement. Charitable Oblectlves The Advancement ol he Islamic faith by the provision of facilities for worship and religlous education. Summary of Maln Actlvltles Activities for the yeof compr15ed that of the provision of facilitles for Worship and Community Falth based activities. Acknowlediement ol Guldance The tru5tee5 have read and have regard lo the guidance issued by Charity Commlsslon on public benefit. Summary of Maln A¢hle¥ements The main achievemenis of the Charity during the year were the maintenance of a stable financial standing for the Charity to continue carry out its objecllves. The provislon of well malntalned bulldln85 amenities for it5 beneficiarle5, Revlew of Flnanclal Posltlon The charity Is in a stable and well funded flnantlal posltSon. Thls contlnue5 to be one of the prlme areas of attention ol the trustees, There are no restricted funds held by the Charlty. Monie5 are expended as when required and needed. The prlncipal 50urte of fund5 of Ihe Charlty are small publlc donatSon5, The tru5tee5 do not consider that the Charlty faces any undue fSnancSal rlsks. Governance The Charity is conslltuted and 8overned by means of trust deed. Appolntment of Trustees The trustees are appolnted by selectlon on an annual basls at meetln8 of members. Prlnclpal Addr•ss The Charbty's prlrbclpal address1s' 97 Stannln8ton Glove Sunderland SR2 9EH Pa8e 2
Islamlc Educatlon Centre and Mosqu8 Trustee's Annual Report {Chorlty No. 1150827) REFERENCE AND ADMINISTRATIVE DETAILS Ch•rlty No. 1150827 Ch•lr The seThtd 85 8 chair ¢Juring the year.. Munir Younas Tru¥t••'• The follon9 truslges served durSng iha year: Cofteil Bashir Zaler Iqbal Anium lthkhar Salad Gulbhar Moh#mm•d Ishaq Nasir Ahmed Umar Mazhar Mahmood Mohmmed Maqsood Mazhar Sharneem Alsan Mfjhdi Ac¢ount•nt• Rulk & Co Hutton Torr8C• Jesmond Newcasd8 Upon Tyne & Wo4r NE2 1aT Signod on bohall of the Cho10 Cholf & Tru81008. Z•l•r Iq 06 8•pl•mb•r 2024 Pa8¢ 3
Islamic Educatlon Centro and Mosque Trustee'5 Annual Report (Charity No. 11508271 Statement of trust••s' rosponslbllltles In relatlon to tho financlal statements The charity Iruslees are responsible lor prgpartng a trustees. annual report and financial statgmènls in aCCOfd8nee with applicablg law and United Kingdom Ac¢ounling Stsndards (Uniled Kingdom Generally Atcepled Accounting Practice}. The Iruslees are responsible lor keeping proper accounting records Ihal disclose wth reasonable accuracy ay any time the financial position of the charity an¢J lo enable them to ensure that financial ststements comply wth the Char*'eS Act 2011. the applicable Charities IA¢¢ounts and Reports) Regulation. and the provlsions of Ihe Tfust deed. The Trustees are also responslble for safeguarding the assets of the charity and hence laking reasonable steps for the prgvenlion and detection of fraud and olher irwularilies. Signed on behalf ol the Charity's Chair and Tru51ees Zafe Trusleg 06 S•ptemb•r 2024 Pa8e 3
Islamic Educatlon CeThI and Mosque IndepeThdent E¥•rnlfter5 Report Independent Examlner's Rtport to the Trusiees ol lslamlc Educatlon Centit and Mosque I report to ihe trustees or+ my examlnatlon of the financlal statemen15 oflslamic Education Centre M05que for the year ended 31March 2024 which comprlse ihe Statement of Financlal Activilies, the Balance Shvi and the related notes. Responsibilltles and b151$ Gl report As the charity's Ifusiees you afe fesponsible lor the preparation of the financial statements in accordance with the requlrements ol ihe Charities Act 20111'ihe Act'l. The trustees conslder that an audil is not required for this year under ihe Charitles Act 2011. 5.144121 (the 2011 Artl and that aft independeni examination 15 needed. I report in respect of my examinatlon of ihe thèritV'5 financial statements carrled out under sectlon 14S of the 2011 Act and in carryin8 Out my examinaiion I have followed all the applicable Dlrectlons glven by rhe Chanty Commission ur*der sertlon 14515llbl ol the Act. Independent examlnef's St•temeni I have cornpleted my examlnatlon. I can conflrm ihai no maierlal matters have come to my attentlon In connection with the examination 8iving me cause to belleve thal In, any material resped.. the accountin8 record5 were not kepl In respecl of the charity as fequlred by sectlon 130 ol the Act.. Of the financial siètements do noi accord wlth ihose records., or the financial statements do not comply wlth the appllcable requlrements concernlng the lorrn and content ol the Ilnanclal 5tatement5 Set out In the Charltles IAccounts and Aeportsl Re8ulatlon$ 2008 oiher than any iequlrement thai the flnanclal statements ilve a 'true and lair. vlew whlchls noi a matter consldereLI as part ol an Independent ex¥mlnation. I havt no concerns and have corne acf055 no oiher mallers In connecllon wlth the examlnallon lo whlch attentlon should be drown In thls report In ordef to enable a proper underslandlni of the fSnanclal statements to be reached. 6 Hutton ¢•rr•c• J•smond N•wcastl• upon Tyn• NE2 IQT 06 S•pt•mb•i Z014 Pale 4
Islamic Edycatlon Centre and Mosque Slatement ol Flnanclal Artmtles for the year ended 31 March 2024 Vnrestrlcted funds 2014 Total funds 2024 Tot•1 funds 2023 Noies Incorne and endowments froffl: Donation and le8acies 68,492 68,492 53.936 Total 68,492 68.492 53,936 E¥pendlture on: Other 40.260 40.260 57,642 Tot•1 40.260 40,260 57.642 Net uains on investments Net In¢ome 28,232 28.232 13,7061 Transfers between funds Net Income before other Inslllossesl 28,232 2B.232 13.7061 Other i•lns •nd losses Net movefflent In lunds 28.232 28.232 13,7061 R•(ondll•tlgn ol lunds: Total lunds brought forward 55,876 55,876 59,582 ToLyl iunds urfled lorw•rd 84,108 84,108 55,876 P•ie S
Islamic Educatlon Centre and Mosque Balance Sheet al 31 March 2024 Charity No. 1150827 Z024 2023 FIMed assets Tangible assets 808.782 817.631 808.782 817,631 Current a55ets Cash at bank and tn hand 103,368 55.876 103,368 55.876 Credltors: Amount falling due within one year Net current assets 103,368 55,876 Total assets less Currtnt Ilabllitles 912,150 873,507 Net assets exdudini nSIon asset or liabllltv 912.ISO 873,507 Total net assets 912,150 873.507 The fvnds of the ¢h•rtty Restrl¢ted funds Unrestrlcted fund5 912,ISO 873,507 General funds 912,150 873,507 Reserves Total fund5 912,150 873,507 Approved by ihe chalr and the trustee5 on 6 September 2024 And signed on thebr behalf bv.. Zafe Trustee 06 Seoemb•r 2024 Pa8e 6
Islamlc Edu¢•tSon Centre and Mosque Notes to the Accounts for the year ended 31 M•rth 2024 l Accountlni polldes Basls ol preparatlon The financial stètement5 havt been prepared in accordance with Statement of Rerommended Prartice". Accountin8 ènd Reportlng by Charliles preparlng their accounts In accordance with the Firsancial Reporting Standard èpplicable in Ihe UK and Republic of Ireland IFRS 1021 rssued Dn 16 july 2014 and the Flnanclal Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFR$ 102 I AND THE Charlty Act 2011. Chanie lfi $1$ of •¢countlni or to wevlous accounls There ha5 been no change io the accountin8 policies I valuation rules and method of accounlln81 since last year and no changes have been made to accounis lor prevlous years. Funds •¢¢ountlfii Unrestriaed fund5 These are avallable for use at the dlscretlon of the trustees In furtherance of the general oblects of ihe charlly. Des18nated funds These afe unresicicted lunds earmarked by the Iru5teÈs for particular purposes. Revaluation funds These are unrestrlcled lunds whlch Include a fevaluailon reserve representin8 ihe restatemenl ol Inve51ments assets at ihelr market value. Restricted funds These are avablable lor use subject lo restrlcllon Imposed by ih• dgnor of throush terms ol an app¢al. Pai• 7
lslarnSc Educ•tlon Centre arKI Mosque Notts the Accounts Income Reco8nition of Iorne Income is Included In the Slalement of Flnancial Activities ISOFAI when the thartty becomes entitled to. and vlrtually certain to feceive. the income and the amount ol the income can be measured with sufflclent rellabilltv. Income with related expenditure Where Income has relaied expendlture ihe incorne and related expenditure Is reported gross in the SOFA. Donations and legacies Voluntary income feceived by way of granis, donation and 8ift5 is Included in The SOFA when receivable and only when the Charity has unconditlonal entitlement io the income. Tax reclaims on donation5 and gift5 Income from tax feclaims is Included in the SOFA at ihe same tlme as the 8ift/donalion lo whlch it relates. Donated services and facilrties These afe only included In income I with an equlvaleni arnoynt in expendlturel where the benelit to the Charily is rea5pnably quantlfiable. measurable and material. The value of any volunteer help received Is not Included in the accounts. This 15 Included in ihe accounts when receivable. This includes any galn or1055 resultln8 from revaluln8 Invesiments to markel value at the end of the year. Volunteer help Investrnent Income Gainlllossesl on revaluation of fixed ssets Gain/llo55e51 on bnvestment assets Expendltur• Recognition of expenditure This Includes any 8aln or10s5 on the sale of Investmenis. Expenditure 15 ieco8nised on an accruals bas15, Expendlture Includes any VAT which cannot be lully recovered, and15 repofted as part of Ihe empendllure to which It felates. Expenditure on faisin8 funds These compii5e the costs assoclated wllh attraclln8 voluntary Income, fundièisin8 trading costs and Investment mana8emeni costs. Expenditure on charitsble activities These tompiise the c0515 Incuired by the Charlty In the dellvery of lis ocllvitles and servlces In Ihe furthefance of Its objects, Includln8 the marklni of 8rant5 and 8overnance costs. Grant5 payable All gfanl expendllurg Is accounied for on an actual pald bh515 plu5 an accrual for 81anls thal have been approved by the trustees at the end of ihe y••r bui noi yet pald. Governance costs These Include those costs assoclated wlth meetln8 the cDnstllullon•l and statutory requlrements of the Charlty, Includln8 any audllllndependent examlnatlon fees, costs Ilnked io the state8lc manaiement of iha Charlty, tO8ether wlth a share of oiher admlnlstratlon costs. Other expendltur¢ These are support COSt5 not allocated to a partlcular actlvlty, Pi8e 8
lslamlc Edu¢atlon Centre and Mosque Note5 to the Accounts Taxation The charity is exempt from tax on it5 charitable activities. Freehold investment property Investment propenies are measured Initially at cost and Subsequently at fair value at each balance sheet date and are depreciated. All gains or10sses are taken to the Statement of Financial Activitie5 as they arise. Stocks Stock is included at the lower of cosi or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willin8 to pay for the items on the open market. Trade and other debtors 7rade and other debtor5 are reco8nised ai the settlernent amount due after any trade di5CQUnt offered. Prepayments are valued at the amouni prepaid net ol any trade discount5 due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposltS Wlth banks and other short-term highly liquid investment5 Wlth original malurities 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 Statemeni ol Cash Flows. cash ènd cash equivalent5 are shown net of bank overdrafts that are repayable on demand and form an inie8fal part of the company's cash management. Trade and other f redltors Short term crediiors are measured at the Ifansaction prlce. other treditors and provisions are Teco8nlsed where the charity has a present obligallon resulting from a past event thal wlll probably result Sn ihe transfer ol funds to a thlfd party and the amouni due to seltle the obllgalion can be measured or estimated reliably. Creditors and provislons are normally reco8nlsed at thelr settlement amount after allowing for any trade discounts due. Post Balance Sheet E¥ent5 There have been no material post balance sheet event5 to report. Pa8e 9
Islamlt Educatlon Centre and M05que Noies to the Accounts Leased assets Where ihe charity enter5 into a lease whlch entails iakln8 substantially all ihe rlsks and reward5 of ownershlp of an asset, Ihe lea5e15 treated as a ftnan¢e lease. Lea5e5 which do not irarssfer substantlally all the flsks and rewards ol ownership to charlty are classifled a5 operating lease5. A$5e15 treld under finance leases are Initially reio8nised as asseis of the chariiy ar thelr value at the inception of the lease or, il lower, at the present value of the rninimum lease payment5. The corresponding liability to the lessor 15 included in the balan£e Sheet date a5 a finance lease obllgatlon. Leèse payments art èpportionEd between finance expenses ènd reduction ol the lease ots118ation so as to achive a constani rote of Interesi on the remainlng balance ol the liabiliry. F*nance expenses are recogni5ed immediately, unless they are directly attributable to Qualifying assets, In which case they are capitali5ed in accordance with the charity's polity on borrowing costs. Asset5 held under finance leases are depieciaied in the same way a5 owned a5set5. Operating lease payrnents are recogni5ed as an expense on a straight-line ba51s over the lease term. In the event that lease incetives are received to enter into operating leases, such Incentives are recognised a5 a liability. The aggregate beneflt of intentives is recognlsed as a reduction ol rental expernses on a srroi8ht-line basis. Penslc+n costs The charity operale5 a defined tonirSbutlon plan for its employees. A defined tontribullon plan Is a pension plan under which the charity Pavs fixed contribtstions into a separate entiiy. Once the contribulion have been paid the charity has no further payrnenis obll8ation. The cgntribulions are reco8nised as exgenses when they fall due. Arnount5 not paid are shown in accruals in the balance sheet. The asseis ol the plan are held Separately frorn the charity Independently administered funds. Recelpts ol donated ioods, foc11511es and ser4tlces All donared good5, facilitle5 and 5ervlces recelved are recognlsed wlthln Incomln8 fesources and expenditure at an e5tlmate of the value ol the charltv. staff costs Siall expendlture is for speclal 8ue5ts on Frlday prayers. Chalr and Trustees rernuneralon The Chalr and the Trustees do not retelve any remuneratlon of relmbur5ement ol ctssts lof ih¢lf sep41ces. Accoyntlni tees No accountlfig f¢e5 have been Incufrtd. a3 the servlces rendered were provlded Iree of charge lor the charlty. Pale 10
Islamit Eduutlon Cehtvt •nd Masque Note5 to the Arrounts for th? year ended JI Marth 2024 2 SUtmèht ol Flnandl Atllvlt%. Pflor Unreslrlcled lund5 1023 Total lunds 2023 InEome and endowrnents fvorn.. Donation5 and leg3cie5 53,936 53,936 53.936 53.936 Tot•1 EMpEndlturt on: Other 57,642 57,642 13,7061 57,642 57.642 13,7061 Nei Inwne P4et In¢ome btfor¢ othr ialnslllosses) 13.7061 13,7061 Net mo¥ernenl In fundi 13.7061 13,7061 Aecoftdll•tn of funds.. Total lunds bfOU8ht forward T¢>t•l lunds urrted lorward 59,582 55,876 59,582 55,876 3 Income lioffl don•> •nd 11•1 Uni•slvlrt•d To¢•1 2024 T•1 68,49Z 68,492 68,492 68,492 53,936 53,936 4 Oth•r •xp•ndltui• Unr•sirid•d Tol•l 2014 Yoi•l ioij EmplgY•• Costs Pr¢miss costs Amortisltlon. d•pr•clitlon. Impalrm•nt, piolii/1055 on d15P05•10l Ilxtd •sseti fjeneral admln15trJil¥e costs L¢K41 Ind piolesslon•l cosli 1,208 45,669 30,909 30,909 8,849 501 a.849 502 10.411 354 40.260 40,260 57,642 P¥• 11
Islamlc Edu¢•tion Centre and Mosqut Notts io the AccosJnt5 for the ye•r ended 31 March 2014 5 Ntl income before transfers 2024 Z023 This 15 51aied after charEin8' Depreciation of owned fixed assets 8.849 10.411 6 St•ff ¢osts 2024 2023 Salaries and wages 1.208 1.208 No employee received emolurnent5 In excess 01 £60,000 The Trustees do ngt receive any remuneration or reimbursement ol costs for their servites, 7 TanLiblt fixed a55ets L•nd & bulldlnts Cost At l April 2023 Additions Al 31 Maretr 2024 842,737 842.737 Oepreclatlon At l April 2023 Char8e lor the year At 31 March 2024 25,106 8,849 33,955 Nei book value At 31 March 2024 808,782 B17.631 Al 31 March 2023 8 Credltors.. Amounts falling due wlthln one year 1014 2023 Other taxes and soclal securltv Accruals 9 Movement In funds Incornlni r•source5 Ilncludlni R•50ur¢•i Al l Aprll oih•T •xp•nd•d Al JI M•r¢h 2023 i•lnilloss•sl R•strlrted funds: Unr•sirlrt•d fundi: G•neral fundi SS,876 68,492 140,260 84,108 Total lunds 55.876 68,492 140,2601 84,108 Pale 12
151ami¢ Education Centre and Mosque Note5 to the Accounts for the year ended 31 March 2024 10 Analysls of net assets between funds Unrestrlrted fvnd5 Rethrted funds Total Fixed assets Net current a$5ets 842.737 103.368 946.105 33.955 808,782 103,368 912,150 33,955 Restricted funds refer to amrnortisation and depreciation 11 Recondllatlon ol net debt At l April zozj Cash flows At 31 March 2023 Cash and cash equivalents 55,876 5S,876 47.492 47.492 103.368 103.368 Net debt 55,876 47.492 103,368 Page 13
fflk Edyurion Centre •nd Mosque StMeThI of Fln•ndal Artlvlt l•r the ye•1 eThled 31 M•Yth 2023 Unrstrlrted fundj 2024 Total tundj 2024 Total lunds 2023 rknnatK•gs ano le83cies 68,492 68,492 68,492 68,492 68,492 68,492 53,936 53.936 53,936 Ernpioyee coffls S•l•rw/wage5 980 980 3,539 I I,971 1,757 11,434 511 29,211 3,539 11.971 1.757 11.434 sii 29,212 1,880 9,461 1,425 32,427 476 4S,669 ts8ht. heat and power Prerntses Insurances Premtses fepairs and maintenanct Other prernses ¢osis Gentr•l •dmInisirati CgSts. Inc depftciatsDn Dtgreoation ol •Tronery and Pfsfttini ndry txpen Tephone, fax •nd broadband 8.849 8.849 10,411 18 228 336 10.993 1.697 502 11,048 1,697 502 11,048 Lwl and pr01t55111 costs Othér It1 nd prtslesgnal cos15 Total al ¢Mwndkw• oloth•r (•H• T•t•l •¥p•ndltUf• yins on in¥es¢meiits 40,260 40.260 57,642 28,232 18.232 13.7061 Pl•1 lrt¢om• Iwlor• oth•iylN11105Ms) Othei eains 28.232 28,232 13.7061 N•1 fflov•m•rt In lundi 20,232 13,7061