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2021-09-14-accounts

IRSHAD ISLAMIC ASSOCIATION

Accounts & Trustees Reports

For the year ended 14 September 2021

IRSHAD ISLAMIC ASSOCIATION

Contents

For the year ended 14 September 2021

Page
Legal and administrative information 3
Trustees’ report 4-5
Independent examiner’s report 6-7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 10-13

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IRSHAD ISLAMIC ASSOCIATION

Legal and Administrative Information

For the year ended 14 September 2021

Status: The organisation is a charity registered with the Charities Commission in England & Wales. Charity Number: 1160582 Registered Office & Business Address:

Irshad Islamic Association Flat 3 Levita House Chalton Street London NW1 1JJ

Trustees

  1. Abdirizak Hirad Mohamed Chair 2. 2. Ismail Abdisamad Mohamud Vice Chair 3. 3. Abdifatah Ali Ahmed Secretary

    1. Yazid Murshid Mohamed Treasurer
    1. Adam Muhumed Hassan Member
    1. Muhyadin M. Shafad Member
    1. Abdulkarim H Salad Member
    1. Abdullahi Hashi Khayre Member

Accountants:

E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX

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IRSHAD ISLAMIC ASSOCIATION

Trustees’ Report

For the year ended 14 September 2021

The Trustees of the IRSHAD ISLAMIC ASSOCIATION have the pleasure of presenting their Annual Report and Accounts for the year ending 14[th] September 2021.

THE TRUSTEE REPORT

The year 2020/21 was busy and challenging year for Irshad Islamic Centre. We have run many projects successfully to serve our community such as carrying out different educational seminars and trainings, as well as producing educational materials. As a result of this the number of users in our Centre has increased significantly due to these additional services

The objects of the charity are:

  1. The prevention or relief of poverty in particular but not exclusively in Somalia for the public benefit in particular but not exclusively by providing or assisting in the provision of education and training, healthcare projects and all other necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.

  2. To advance the Islamic Religion for the benefit of the public in the United Kingdom, in particular but not exclusively by

  3. The provision of places of worship;

  4. Raising awareness and understanding of Islamic religious beliefs and practices;

  5. Carrying out missionary and outreach work; and

  6. The promotion of racial harmony between Muslims and other communities in order to foster mutual understanding and tolerance.

  7. To develop the capacity and skills of members of the socially and economically excluded Somali community in Somalia and the UK in such a way that they are better able to identify and help meet their needs and participate more fully in society.

  8. Such other charitable purposes for the public benefit as the trustees may from time to time decide to carry out.

Structure, Governance and Management Governing Document

The Irshad Islamic Association is a registered charity, governed by its Constitution

Appointment of Trustees.

The charity in general meeting shall elect the officers and the other trustees. 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.

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Risk(s) review:

The trustees have recently examined and reviewed the major risk(s) faced by the Irshad Islamic Association to mitigate those risks. The risk management strategy will be periodically reviewed to make sure that it still meets the needs of the charity.

Activities:

During this financial year the charity carried out several training sessions for the Somali community groups. Also, the charity continued the program of producing Somali language and Islamic study materials. Stage two books for both subjects has been prepared and printed.

Evaluating impact of our activities:

We are committed to ensuring that in everything we do, we are accountable to those we work with and those we work for our service users. We use many ways to monitor and evaluate:

During our projects we evaluate the success of activities from a number of areas such as;

Summary of main achievements 2020-2021

The Irshad Islamic Association provides free information, advice and guidance to vulnerable members of the community who are facing many barriers including language and cultural barriers to support and help them access mainstream services.

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IRSHAD ISLAMIC ASSOCIATION

Independent examiner’s report

For the year ended 14 September 2021

Report of the Independent Examiner to the trustees on the accounts for the year ended 14 September 2021.

Respective responsibilities of trustees and examiner

We report on the financial statements of the of the charity on pages 6 to 7 for the year ended 1 April 2019 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 as modified in June 2008. (The SORP), under the historical cost convention and the accounting policies set out 8 to 9.

Having satisfied myself that the charity is not subject to audit under charity law, or otherwise, and is eligible for independent examination, it is my responsibility to:-

Basis of opinion and scope of work undertaken

I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters.

The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

Independent Examiner's Statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that:

No matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements

(i) to keep accounting records in accordance with section 145 of the Charities Act 2011;

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(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 145 of the Charities Act 2011and;

(iii) That the financial statements are prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities have not been met;

E & A Accountants 228A Seven Sisters Road Holloway London N4 3NX

3 May 2022

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IRSHAD ISLAMIC ASSOCIATION

Statement of Financial Activities for the Year Ended 14 September 2021

Notes
Incoming
Resources
2
Total
Expenses
Charitable & Legal Activities
3
Governance fees
3.1
Total Expenses
Surplus /(deficit) for the
period
Surplus /(deficit) brought
forward
Funds as at 14 September 2021		 Unrestricted Restricted
2021
2020
£
£
£
£
Total
Total
14,385
14,385
11,419
14,385
-
14,385
11,419
(15,382)
(21,156)
(200)
-
(15,582)
(21,156)
(1,197)
(9,737)
3,759
13,496
-
-
2,562
3,759

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IRSHAD ISLAMIC ASSOCIATION

Balance Sheet as at 14 September 2021

Notes
Fixed assets
Tangible assets
7
Current assets
Cash at bank and in hand
Creditors: amounts
falling due within one
year
11
Net current assets
Total assets less
current liabilities
Net assets
Capital and reserves
Profit and loss account
19
Shareholders' funds		 2,562 2021
£
-



2,562
2,562
2,562
2,562
2,562		 3,759 2020
£
-


3,759
2,562
-		 3,759
-
3,759
3,759
3,759
3,759

The statement of financial activities as set out on page 8 for the financial year ending 14 September 2019, and the statement of the assets and liabilities as set out on this page are as approved by the trustees on 30[th] Match 2020.

---------------------------

Chair

Mr. Abdirizak Hirad Mohamed

3 May 2022

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IRSHAD ISLAMIC ASSOCIATION

Notes to the Accounts for the year ended 14 September 2021

1 Basis of preparation

The accounts have been prepared under the historical cost convention and have been prepared in accordance with Statement of Recommended Practice (SORP2015), "Accounting and Reporting by Charities" and applicable accounting standards.

2 Accounting policies

A summary of the principal accounting policies, all of which have been applied consistently throughout the year is set out below.

2.1 Income and Expenses

All income and expenses are accounted for on accrual basis.

2.2 Fund Accounting

General funds are available for use at the discretion of the trustees in the furtherance of the general objectivities of the charity.

Restricted funds are funds subject to specific restrictive conditions imposed by donors.

2.3 Tangible fixed assets & Depreciation

Tangible fixed assets are stated at cost

Provision for depreciation of fixed assets held for use by the charity is made at an annual rate of 25% on straight line basis.

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IRSHAD ISLAMIC ASSOCIATION

Notes to the Accounts for the year ended 14 September 2021

2. Grants & Donations

Gifts & Donations 2021
£
£
£
Unrestricted
Restricted
Total
14,385
14,385
14,385
0
14,385		 2020
£
Total
11,419
11,419

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IRSHAD ISLAMIC ASSOCIATION Notes to the Accounts for the year ended 14 September 2021

3. Expenses and Governance fees

3Direct Charitable expenses
Administrative expenses
Teaching staff fees
Staff training and welfare
Travel and subsistence
Telephone and fax
Stationery and printing
Orphanage assistance
Information and
publications
Total charitable Expenses
3.1Governance fees
Accountancy fees
Total Expenses		 2021
2020
£
£
£
£
Restricted Unrestricted Total
Total
-
9,542
9,542
8,273
-
-
-
3,409
-
844
844
2,276
-
187
187
-
-
2,335
2,335
1,064
-
2,270
2,270
-
-
204
204
6,134
-
15,382
15,382
21,156
200
200
-
-
200
200
-
-
15,582
15,582
21,156

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IRSHAD ISLAMIC ASSOCIATION Notes to the Accounts for the year ended 14 September 2021

7 Tangible fixed assets

Tangible fixed assets
Cost
At 15 September 2020
Additions
Surplus on revaluation
Disposals
At 14 September 2021
Depreciation
At 15 September 2020
Charge for the year
Surplus on revaluation
On disposals
At 14 September 2021
Net book value
At 14 September 2021
At 14 September 2020		 Land and
buildings
£
-
-
-
-
-
-
-
-
-
-
-
-		 Plant and
machinery
etc
£
-
-
-
-
-
-
-
-
-
-
-
-		 Motor
vehicles
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
-
-
-
-
-
-
-
-
-
-
-
-

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