2024-06-30-accounts - Harrogate Islamic Association

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Harrogate Islamic Association

Charity No. 1162809

Trustees' Report and Unaudited Accounts

30 June 2024

Harrogate Islamic Association Contents

	Pages
Trustees' Annual Report	2
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Statement of Cash flows	7
Notes to the Accounts	8
Detailed Statement of Financial Activities	9 to 14

Page 1

Harrogate Islamic Association Trustees Annual Report

Harrogate Islamic Association

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1162809

Principal Office

Harrogate Islamic Association Claro Road Harrogate West Yorkshire HG1 4BA

Trustees

The following trustees served during the year:

R. Djamaa B. Khan H. Muhammed S. Oyekammi

Accountants

Rehman Michael & Co. 277 Roundhay Rd Leeds West Yorkshire LS8 4HS

Bankers

Lloyds Bank 8-11 Cambridge Cres Harrogate West Yorkshire HG1 1PQ

OBJECTIVES AND ACTIVITIES

(a) To advance the Islamic faith in Harrogate and district for the benefit of the public.

(b) To promote for the benefit of the inhabitants of Harrogate and District without distinction.

ACHIEVEMENTS AND PERFORMANCE

During this year our volunteers have raised £83,113.87 in donations The building development has continued

Donations provided for Flood Relief & to the Islamic Relief charity

We will aim to complete all the necessary repairs and renovations

FINANCIAL REVIEW

Page 2

Harrogate Islamic Association Trustees Annual Report

At year end we have funds of £184,188.14 in the bank

This will be partly used for the renovations and ongoing running costs

Careful controls are in place to ensure cashflow

Therefore, we are in a strong financial position to continue into future years

PLANS FOR FUTURE PERIODS

To complete the renovation work in stages

To ultimately fully complete and open the centre for its intended use

STRUCTURE, GOVERNANCE AND MANAGEMENT

The association is governed by a written constitution

The Management Committee appoints Trustees from amongst themselves

The Trustees manage the duties and tasks appointed during regular meetings

Trustees are already familiar with the work of the Association

Currently all the personnel involved are volunteers

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are 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 Trustees are 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 on behalf of the charity's trustees

B. Khan Trustee 03 September 2025

Page 3

Harrogate Islamic Association Independent Examiners Report

Independent Examiner's Report to the trustees of Harrogate Islamic Association

I report to the trustees on my examination of the financial statements of Harrogate Islamic Association for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

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 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.

Azeem Malik ACA, FCCA Rehman Michael & Co. 277 Roundhay Rd Leeds West Yorkshire

LS8 4HS 03 September 2025

Page 4

Harrogate Islamic Association Statement of Financial Activities

for the year ended 30 June 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

83,114	83,114	115,397
278	278	-
83,392	83,392	115,397

95	95	37
6,886	6,886	9,702
83,574	83,574	49,010
90,555	90,555	58,749
-	-	-
(7,163)	(7,163)	56,648
-	-	-
(7,163)	(7,163)	56,648

(7,163)	(7,163)	56,648

674,651	674,651	618,003
667,488	667,488	674,651

Page 5

Harrogate Islamic Association Balance Sheet

at 30 June 2024

Charity No. 1162809 Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 10 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds Reserves 11 Total funds Approved by the trustees on 03 September 2025	2024 £ 483,299 483,299 184,188 184,188 184,188 667,487 1 667,488 667,488 667,488 667,488 667,488	2023 £ 483,299
		483,299 191,352
		191,352
		191,352 674,651 -
		674,651
		674,651
		674,651
		674,651
		674,651

And signed on their behalf by:

B. Khan Trustee 03 September 2025

Page 6

Harrogate Islamic Association Notes to the Accounts

for the year ended 30 June 2024

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

Harrogate Islamic Association 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

Harrogate Islamic Association 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

Harrogate Islamic Association Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Total Expenditure on: Raising funds 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 Other income	Unrestricted £ 83,114 83,114 Unrestricted £ 278 278	Unrestricted funds 2023 £ 115,397 115,397 36 9,702 (989) 8,749 106,648 106,648 106,648 618,003 724,651 Total 2024 £ 83,114 83,114 Total 2024 £ 278 278	Total funds 2023 £ 115,397
			115,397 36 9,702 (989)
			8,749
			106,648
			106,648
			106,648 618,003
			724,651
			Total 2023 £ 115,397
			115,397
			Total 2023 £ -
			-

Page 10

Harrogate Islamic Association Notes to the Accounts

5 Expenditure on raising funds

Fundraising trading costs 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs 7 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 8 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 9 Tangible fixed assets Cost or revaluation At 1 July 2023 At 30 June 2024 Net book values At 30 June 2024 At 30 June 2023	Unrestricted £ 95 95 Unrestricted £ 6,886 6,886 Unrestricted £ 6,116 2,396 72,012 848 2,202 83,574 2024 6,000 6,000	Total 2024 £ 95 95 Total 2024 £ 6,886 6,886 Total 2024 £ 6,116 2,396 72,012 848 2,202 83,574 £ 483,299 483,299 483,299 483,299	Total 2023 £ 37
			37
			Total 2023 £ 9,702
			9,702
			Total 2023 £ - 2,050 44,658 716 1,586
			49,010
			2023 -
			-
			£ 483,299
			483,299
			483,299
			483,299

Page 11

Harrogate Islamic Association Notes to the Accounts

10 Creditors:

amounts falling due after more than one year

	2024 £		2023 £
	(1)		-
At 1 July 2023 674,651 674,651	(1) Incoming resources (including other gains/losses ) £ 83,392 83,392 Unrestricted funds £ 483,299 184,188 - 667,487 At 1 July 2023 £	Resources expended £ (90,555) (90,555) Restricted funds £ - - 1 1 Cash flows £	-
			At 30 June 2024 £ 667,488
			667,488
			Total £ 483,299 184,188 1
			667,488
			At 30 June 2024 £
	191,352	(7,164)	184,188
	191,352 191,352	(7,164) (7,164)	184,188
			184,188

Page 12

Harrogate Islamic Association Statement of Cash flows for the year ended 30 June 2024

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Decrease in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash used in financing activities Net (decrease)/increase 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	2024 £ (7,163) (278) (1) (7,442) 278 278 - (7,164) 191,352 184,188	2023 £ 106,648 - -
		106,648 -
		-

		(50,000)

		56,648
		134,704
		191,352

Components of cash and cash equivalents
Cash and bank balances	184,188	191,352

	184,188	191,352

Page 13

Harrogate Islamic Association Detailed Statement of Financial Activities

for the year ended 30 June 2024

Income and endowments from: Donations and legacies Other Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Staff welfare Motor and travel costs Travel and subsistence Premises costs Rent Rates Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation General insurances Sundry expenses	Unrestricted funds 2024 £ 83,114 83,114 278 278 83,392 95 95 95 6,886 6,886 6,886 6,000 116 6,116 2,396 2,396 7,111 - 4,053 60,848 72,012 789 59 848	Total funds 2024 £ 83,114 83,114 278 278 83,392 95 95 95 6,886 6,886 6,886 6,000 116 6,116 2,396 2,396 7,111 - 4,053 60,848 72,012 789 59 848	Total funds 2023 £ 115,397
			115,397
			-
			-
			115,397 37
			37
			37 9,702
			9,702
			9,702 - -
			-
			2,050
			2,050
			6,855 1,013 - 36,790
			44,658
			716 -
			716

Page 14

Harrogate Islamic Association Detailed Statement of Financial Activities

Harrogate Islamic Association Detailed Statement of Financial Activities
Legal and professional costs 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	2,202 2,202 83,574 90,555 - (7,163) (7,163) - (7,163) 674,651 667,488	2,202 2,202 83,574 90,555 - (7,163) (7,163) - (7,163) 674,651 667,488	1,586
			1,586

			49,010
			58,749 -
			56,648
			56,648 -
			56,648
			618,003
			674,651

Page 15