## **The European Association for Islamic Institutions Report to the Trustees Year Ended March 31, 2024**
The Trustees present their report with the financial statements of the Charity for the above period. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **Reference and Adminstrative Details**
## **Registered Charity Number:**
1151876
## **Principal Address**
4 Tunstall Road, London, SW9 8BN
## **Trustees:**
1. Mr. Mark Stephenson - Trustee & Chair
2. Mr. Abdulatif Al Othman - Trustee
3. Mr AbdulAziz Al Dousari - Trustee
4. Mr Faisal Al Jasem - Trustee
## **Structure, Governance and Management**
## **Governing Document**
The European Association for Islamic Institutions (CIO) is constituted as a charitable trust registered with the Charity Commission on May 2, 2013 under the Charity number 1151876. It is controlled by its own constitution adopted on February 28, 2013 and constitutes an unincorporated charity February 28, 2013.
## **Recruitment and appointment of new trustees**
Pursuant to the constitution registered with the Charity Commission the Board of Trustees is a selfappointing body. New trustees are appointed in the event of a resignation, death or where the numbers fall below the minimum stipulated in its constitution. In the event of an appointment the existing trustees are invited to nominate suitable candidates from among the community who are familiar with work of the trust and whom the existing trustees feel can contribute to the trust and agree who should be approached. If the candidate agrees then the trustees invite him/her for an interview and then formally vote on the candidate.
## **Induction and Training of New Trustees**
As new trustees are chosen from among the local community they are familiar with the work of the charity hence there has to date not been a need to organise any formal training sessions. However, all new trustees are given an orientation session where they are briefed on their obligations to the trust under the law. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit and on the advancement of religion for public benefit.
## **Organisational Structure**
The board of Trustees which meets regularly takes the overall accountability for ensuring that current legislation and rules of the constitution are complied with. The trustees are assisted by the Service Committee (whose members are made up of volunteers) in carrying out the day to day activities
1
## **Structure, Governance and Management Wider network**
The Charity operates from a single office whose address is given as above.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, and in particular those relating to the operations and finances of the charity and are satisfied appropriate controls are in place to provided reasonable assurance against fraud and error.
## **Objectives and aims**
The objects of the charity as set out in its constitution registered with the charity commission are summarised as follows:
The advancement of the Islamic Religion in accordance with tenets and fundamental doctrines of the Islamic faith; and in particular but not so as to limit generality of the foregoing; any other charitable purposes which the trustees from time to time determine are suitable to be pursued in connection with such advancement for the public benefit including the support of charitable Islamic Societies and Institutions, the promotion of Islamic education and practice, the propagation or dissemination of Islamic religious works and the provision or maintenance of facilities for Islamic worship or Islamic Education in the interests of moral and/or spiritual welfare or improvement of the general public, particularly in Europe (herein after called the Area of Benefit) and internationally in general.
Our objectives are set out to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
## **Statement of Trustees Responsibilities**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
The law applicable to charities in England and Wales, the Charities Act 1993, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- 1) select suitable accounting policies and then apply them consistently;
- 2) observe the methods and principles in the Charity SORP;
- 3) make judgements and estimates that are reasonable and prudent;
4) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which 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 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust constitution. 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.
2
Registered Charity Number :- 1151876
THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS a Charitable Incorporated Organisation
## FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
**The European Association for Islamic Institutions 4 Tunstall Road**
**London**
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**CONTENTS**
FOR THE YEAR ENDED 31 March 2024
STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 3 BALANCE SHEET ........................................................................................................................................................... 4 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 5
2
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 March 2024
|**Recommended categories by**
**activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
8,100.00
8,100.00
127,337.76
220,826.98
220,826.98
150.00|
|---|---|
||**228,926.98**
**228,926.98**
**127,487.76**|
||9,965.98
9,965.98
7,500.66
188,092.73
188,092.73
72,825.17|
||**198,058.71**
**198,058.71**
**80,325.83**|
||**30,868.27**
**30,868.27**
**47,161.93**|
||**30,868.27**
**30,868.27**
**47,161.93**
47,354.55
47,354.55
192.62
**78,222.82**
**78,222.82**
**47,354.55**|
3
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**BALANCE SHEET**
FOR THE YEAR ENDED 31 March 2024
|**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
7
**Total fixed assets**
Current assets
Debtors
8
Cash at bank and in hand
9
**Total current assets**
Creditors: amounts falling due
within one year
10
**Net current**
**assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
11
Restricted income funds
11
Endowment funds
11
Revaluation reserve
**Total funds**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
518.00
518.00
518.00|
|---|---|
||**518.00**
**518.00**
**518.00**|
||1,295.92
1,295.92
1,295.92
95,321.47
95,321.47
73,469.01
**96,617.39**
**96,617.39**
**74,764.93**
17,405.95
17,405.95
21,999.50
**79,211.44**
**79,211.44**
**52,765.43**|
||**79,729.44**
**79,729.44**
**53,283.43**|
||78,222.82
78,222.82
47,354.55
-
-
-
-
1,699.24
1,699.24
6,121.50
**79,922.06**
**79,922.06**
**53,476.05**|
The financial statements were approved by the Board on 18-Dec-2024 and signed on its behalf by:
Mark Stephenson Trustee
4
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **1 Accounting Policies**
## **1.1 Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.2 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.3 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **2 Income from Donations and Legacies**
|**Analysis**
Donation
and gifts|**Unrestricted**
**funds**
**£**
8,100.00
8,100.00|**Total**
**funds 2024 **
**£**
8,100.00
8,100.00|**Total**
**funds 2023**
**£**
127,337.76
127,337.76|
|---|---|---|---|
5
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **3 Income from Charitable Activities**
|**Analysis**
Misc
Sale of
service|**Unrestricted**
**funds**
**£**
-
220,826.98
220,826.98|**Total**
**funds 2024 **
**£**
-
220,826.98
220,826.98|**Total**
**funds 2023**
**£**
150.00
-
150.00|
|---|---|---|---|
## **4 Expenditure on Raising Funds**
|**Analysis**
Equipment
Expensed|**Total funds**
**2024**
**£**
9,965.98
9,965.98|**Total funds**
**2023**
**£**
7,500.66
7,500.66|
|---|---|---|
6
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **5 Expenditure on Charitable Activities**
|**Analysis**
Legal/professional
fees
Wages and salaries
Staff Training
Staff Welfare
Temporary Staff &
Recruitment
Other Staff-Related
Expenses
Rates & Water
Rent
Light, Heat & Power
Cleaning of Premises
Petrol and Oil
General Travel
Expenses
Bank Charges
Advertising
General Insurance
Computer Expenses
Repairs & Renewals
Stationary & Postage
Telephone, Fax &
Internet
Donations
Service Charges
Motor Expenses
Subscriptions
Transfer
Support Costs|**Total funds**
**2024**
**£**
-
56,781.22
65.00
593.00
26,440.00
2,081.86
3,110.28
38,175.47
350.56
2,373.21
197.18
1,203.51
242.71
13,119.90
290.95
2,750.28
7,122.86
4,978.86
244.62
21,942.87
5,745.73
282.66
-
-
-
188,092.73|**Total funds**
**2023**
**£**
3,344.50
24,935.70
-
-
-
-
18,875.34
-
2,055.00
-
-
1,189.22
61.60
-
279.88
-
2,255.14
568.33
73.98
2,632.80
13,421.25
272.70
9.47
1,950.26
900.00
72,825.17|
|---|---|---|
7
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **6 Support Costs**
|**Analysis**
**Governance**
**Costs**
Accountants
fees|**Total funds**
**2024**
**£**
-
**-**|**Total funds**
**2023**
**£**
900.00
**900.00**|
|---|---|---|
8
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **7 Tangible Fixed Assets**
## **7.1 Cost or valuation**
||**Plant &**|**Fixtures &**|
|---|---|---|
||**Machinery**|**Fittings**|
||**£**|**£**|
|At 01 April 2023|518.00|-|
|Additions|-|-|
|Disposals|-|-|
|Revaluations|-|-|
|Transfers|-|-|
|At 31 March
2024|518.00|-|
|**7.2 Amortisation and impairments**|||
||**Plant &**|**Fixtures &**|
||**Machinery**|**Fittings**|
||**£**|**£**|
|At 01 April 2023|-|-|
|Additions|-|-|
|Disposals|-|-|
|Revaluations|-|-|
|Transfers|-|-|
|At 31 March|||
|2024|-|-|
|**7.3 Net book value**|||
||**Plant &**|**Fixtures &**|
||**Machinery**|**Fittings**|
||**£**|**£**|
|At 01 April
2023|518.00|-|
|At 31 March
2024|518.00|-|
## **7.2 Amortisation and impairments**
## **7.3 Net book value**
9
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **8 Debtors: Amounts falling due within one year**
|Other debtors|**Total funds 2024**
**£**
1,295.92
1,295.92|**Total funds 2023**
**£**
1,295.92
1,295.92|
|---|---|---|
## **9 Cash at bank and in hand**
|Current
Account
(HSBC)|**Total funds**
**2024**
**£**
95,321.47
95,321.47|**Total funds**
**2023**
**£**
73,469.01
73,469.01|
|---|---|---|
## **10 Creditors: Amounts falling due within one year**
|Bank loans and
overdrafts
Other creditors
Directors' Current
Account|**Total funds 2024**
**£**
(2,500.00)
21,999.50
(2,093.55)
17,405.95|**Total funds 2023**
**£**
-
21,999.50
-
21,999.50|
|---|---|---|
10
**THE EUROPEAN ASSOCIATION FOR ISLAMIC INSTITUTIONS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2024
## **11 Charity funds**
## **11.1 Details of material funds held and movements during the CURRENT reporting period**
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Fund|Fund|
|Gains|
|balances|balances|
|Income|Expenditure|Transfers|and|
|Fund names|brought|losses|carried|
|forward|forward|
|£|£|£|£|£|£|
|Unrestricted funds|
|General Fund|47,354.55|228,926.98|(198,058.71)|-|-|78,222.82|
|Total|47,354.55|228,926.98|(198,058.71)|-|-|78,222.82|
|11.2 Details of material funds held and movements during the PREVIOUS reporting period|
|Fund|Fund|
|Gains|
|balances|balances|
|Income|Expenditure Transfers|and|
|Fund names|brought|losses|carried|
|forward|forward|
|£|£|£|£|£|£|
|Unrestricted funds|
|General Fund|192.62|127,487.76|(80,325.83)|-|-|47,354.55|
|Total|192.62|127,487.76|(80,325.83)|-|-|47,354.55|
**----- End of picture text -----**
## **11.2 Details of material funds held and movements during the PREVIOUS reporting period**
## **11.3 Transfers between funds This Year**
**----- Start of picture text -----**
|||
|---|---|
|Amount|
|£|
|Between unrestricted and restricted funds|-|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
|Last Year|
|Amount|
|£|
|Between unrestricted and restricted funds|-|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
**----- End of picture text -----**
11
**European Association for Islamic Institutions Accountants' Report**
## **Accountants' report to the directors of European Association for Islamic Institutions**
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Bush and Company Accountants
699 High Road Leyton London E10 6RA
18 December 2024
1