ISLAMIC BROTHERHOOD
THE MOSQUE EAGLE STREET COVENTRY CV1 4GP
F I N A N C I A L S T A T E M E N T S
YEAR ENDED 31 DECEMBER 2020
KAISER NOUMAN NATHAN LLP
57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP
I.107/MN/HQ SEPTEMBER 2021
23
ISLAMIC BROTHERHOOD
YEAR ENDED 31 DECEMBER 2020
| C O N T E N T S ASSOCIATION INFORMATION REPORT OF THE MANAGEMENT COMMITTEE REPORT OF THE INDEPENDENT EXAMINERS 3 STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS |
PAGE 1 2 4 5 6-7 |
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ISLAMIC BROTHERHOOD
YEAR ENDED 31 DECEMBER 2020
ASSOCIATION INFORMATION
CHARITY REGISTRATION NUMBER 1172391 CHAIRMAN MR M ARIF VICE CHAIRMAN MR AMIR AFZAL TREASURER MR SHABBIR AHMED SECRETARY MR MOHAMMAD MANSAB DAR ADDRESS THE MOSQUE EAGLE STREET COVENTRY CV1 4GP INDEPENDENT EXAMINERS KAISER NOUMAN NATHAN LLP ACCOUNTANTS 57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP BANKERS BARCLAYS BANK PLC COVENTRY BRANCH FOLESHILL COVENTRY
- 1 - ISLAMIC BROTHERHOOD
REPORT OF THE MANAGEMENT COMMITTEE
The Management Committee presents their report with the Financial Statements of the Charity for the year ended 31 December 2020.
The principal object of the Charity is to promote Islamic Education to children of the community.
STAUS
Islamic Brotherhood is registered with the Charity Commission ( No. 1172391 ) and constituted by Deed of Trust.
RESERVE POLICY
Cash reserves at the end of the year are generally carried forward to the following year to meet construction and other emergency costs.
Most of the financing requirements necessary for the projects came from the community in the form of donations.
In addition to the above stated project, a new funeral services project has just been included as part of the charity’s overall projects in accordance with the charity’s governing documents.
BY ORDER OF CHARITY TRUSTS
MR M ARIF Chairperson
23 September 2021
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INDEPENDENT EXAMINERS REPORT TO THE MANAGEMENT COMMITTEE OF
ISLAMIC BROTHERHOOD
I report on the accounts of the charity for the year ended 31 December 2020 which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF OFFICERS AND EXAMINER
The charity’s Management Committee are responsible for the preparation of the accounts. The charity’s Management Committee consider that audit is not required for this year under Section 144(2) of the Charities Act 2011 (The 2011 Act) and that an Independent Examiner is needed.
It is our responsibility to:
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examine the accounts under Section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S STATEMENT
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Officers concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with our examination, no matter has come to my attention:
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1 which gives us reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act.
Have not been met; or
- 2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kaiser Nouman Nathan LLP 57 Alfred Street Sparkbrook Birmingham B12 8JP
23 September 2021
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ISLAMIC BROTHERHOOD
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2020
| INCOME AND EXPENDITURE INCOMING RESOURCES Donations and Legacies Investment Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable Activities TOTAL RESOURCES EXPENDED NET INCOMING / EXPENDITURE RESOUCES (EXPENDED) FUNDS BALANCES B/F 31.12.19 TRANSFER |
Note s 7 6 4 |
Unrestric ted Funds £ 79,474 4,200 _ 83,674 _ 80,244 _ 80,244 _ 3,430 1,305,889 ( 105,00 0) |
Restricte d Funds 2020 Total 2019 £ £ - 79,474 122,318 - 4,200 8,623 _ _ _ - 83,674 130,941 _ _ _ - 80,244 97,185 _ _ _ - 80,244 97,185 _ _ _ - 3,430 33,756 305,000 1,610,889 1,577,133 105,000 - - |
|---|---|---|---|
| ___ | ___ | ___ | ___ | ___ | ___ | ___ | |||
|---|---|---|---|---|---|---|---|---|---|
| FUNDS BALANCES C/F | 1,204,319 | 410,000 | 1,614,319 | 1,610,889 | |||||
| 31.12.20 | |||||||||
| ====== | ====== | ====== | ====== | ||||||
| === | === | === | === | ||||||
| - 4 - | |||||||||
| ISLAMIC | BROTHERHOOD | ||||||||
| BALANCE SHEET AS AT | 31 | DECEMBER | 2020 | ||||||
| 2020 | 2019 | ||||||||
| Note | £ | £ | £ | £ | |||||
| s | |||||||||
| FIXED ASSETS | |||||||||
| Tangible Assets | 2 | 850,2 | 870,247 | ||||||
| 25 | |||||||||
| CURRENT ASSETS | |||||||||
| Cash in | Hand & | at Bank - | 355,76 | 437,80 | |||||
| Current A/c | 6 | 9 | |||||||
| Debtors | and Prepayment | 412,11 | 307,11 | ||||||
| 0 | 0 | ||||||||
| _____ | ____ | ||||||||
| 767,87 | 744,91 | ||||||||
| 6 | 9 | ||||||||
| __ | _ | ||||||||
| CREDITORS: | Due within one year | ||||||||
| Creditors | and Accruals | 5 | 3,78 | 4,27 | |||||
| 2 | 7 | ||||||||
| _____ | ___ | ||||||||
| NET CURRENT (LIABILITIES) / | 764,094 | 740,642 | |||||||
| ASSETS | |||||||||
| __ | __ | ||||||||
| TOTAL ASSETS LESS CURRENT | 1,614,3 | 1,610,889 | |||||||
| LIABILITIES | 19 | ||||||||
| =========== | ========= | ||||||||
| == | ==== |
FUNDS
| DS | ||
|---|---|---|
| Unrestricted | 1,204.3 | 1,305,889 |
| 19 | ||
| Restricted | 410,0 | 305,000 |
| 00 |
__ ______ 1,614,3 1,610,889 19 =========== ========= == ===
Approved on behalf of the management committee
MR M ARIF Chairperson
23 September 2021
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ISLAMIC BROTHERHOOD
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2020
1) ACCOUNTING POLICIES
(a) Convention
The accounts have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice on Accounting by Charities (Charities SORP (FRS 102).
(b) Depreciation
Depreciation is provided on tangible fixed assets in order to write off those assets over their anticipated useful lives. The bases and rates used are as follows:
Freehold Property
- 2% per annum on cost
Fixtures, Fittings and Equipment - 15% per annum on net book value
(c) Income
Income is included in the income and expenditure account as soon as its receipt becomes
due.
- TANGIBLE ASSETS
| Freehold Properties £ |
Fixtures Fittings and Equipment £ |
Total |
|---|---|---|
| £ |
| The Eagle Street Mosque Costs 1 Eagle Street Costs Addition – 68 George St, Coventry Improvements Costs b/f Additions during the year At 31 December 2020 DEPRECIATION At 31 December 2019 Charge for the year At 31 December 2020 NET BOOK VALUE At 31 December 2020 = At 31 December 2019 = |
284,477 76,499 131,163 401,076 18,827 __ 912,042 53,670 18,241 _ 71,911 840,131 ========= = == 858,372 ========= = == |
- - - 41,230 - __ 41,230 29,355 1,781 ____ 31,136 10,094 ========= 11,875 ========= |
284,477 76,499 131,163 442,306 18,827 __ 953,272 83,025 20,022 __ ____ 103,047 850,225 ======== === 870,247 ======== === |
|---|---|---|---|
3. FREEHOLD PROPERTY
In the opinion of Trustees the present day value of the freehold properties is well in excess of written down book value of £840,131 included in Balance Sheet.
- 6 - ISLAMIC BROTHERHOOD
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2020
| HARITABLE ACTIVITIES Wages and NI Water Rates and Insurance Light and Heat Telephone and Postage Printing Stationary and Advertising Repairs and Renewals Accountancy and Book Keeping Professional Fees |
Unrestrict ed £ 34,370 5,124 8,814 605 2,014 1,469 1,116 4,968 |
2020 2019 Restricte d Total £ £ £ - 34,370 43,850 - 5,124 5,414 - 8,814 8,611 - 605 716 - 2,014 2,521 - 1,469 3,780 - 1,116 1,207 - 4,968 964 |
|---|---|---|
4. CHARITABLE ACTIVITIES
| Bank Charges and Interest Laundry and Cleaning and Disposal Charitable Donation – Pakistan diama Sundry Expenses Depreciation 5. CREDITORS AND ACCRUALS Wages /PAYE Accountancy and Book Keeping Light and Heat |
741 1,001 - - 20,022 _____ 80,244 ========== = Unrestrict ed £ 2,620 900 262 ___ 3,782 ========= |
- 741 1,090 - 1,001 1,103 - - 7,545 - - 48 - 20,022 20,336 _____ _____ _____ - 80,244 97,185 ======== === ======= ==== ======= ==== 2020 2019 Restricte d Total £ £ £ - 2,620 3,124 - 900 900 - 262 253 _ ___ ___ - 3,782 4,277 ======= ======= == ======= == |
|---|---|---|
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Other Income and Resources refers to income from renting out 68 George Street, Coventry.
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DONATIONS AND LEGACIES refers to contribution received by members of the Mosque.
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ISLAMIC BROTHERHOOD
MANAGEMENT COMMITTEE AND INDEPENDENT EXAMINERS
RESPONSIBILITY FOR THE ACCOUNTS
1. MANAGEMENT COMMITTEE’S RESPONSIBILITIES
The management committee is required to prepare the financial statements for each period which give a true and fair view of the statements of affairs of the projects as at the end of the accounting year and of the incoming resources and application of resources for the year.
In preparing the accounts suitable accounting policies have been used and applied consistently and reasonable and prudent judgements and estimates have been made. Applicable accounting standards have been followed. The accounts have been prepared on the going concern basis. The management committee is also responsible for ensuring that proper accounting records are kept and sufficient internal controls maintained to safeguard the assets of the projects and detect fraud or any other irregularities.
2. INDEPENDENT EXAMINER’S RESPONSIBILITIES
The examiner is required to carry out procedures specified within the general directions given by the Charity Commissions.
The Independent Examiner will also report to the members if the following requirements are not met:-
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The committee has not maintained accounting records of accounts according to the Act.
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The accounts are not in agreement with the accounting records and do not comply with the
accounting requirements of the Act.
3. CHARITABLE OBJECTS
The Trustees of the charity working and performing their duties within the defined parameters of governing documents as some of the objectives are listed as an example below:
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a) To serve, manage, maintain and develop the Noorul-Islam Jamia (Mosque) Coventry (Eagle Street) as the main religious, educational and cultural centre for The Alh-e-Sunnat Ul-Jamaal organisation who follow the Brailvi movement of the Sunni Hanafi school of thought (madhab) in Islam jurisprudence (Fiqh) within the framework of Quran and Sunna.
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b) To recruit and appoint an Imam who is educated or qualified the the Hanafi Brailvi Fiqh and to ensure that the can any of his assistant staff duly appointed carry out their duties in accordance with the teaching and spirit of the Hanafi Brailvi school of thought as defined (3a) above in this constitution.
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c) To manage the performance of the Imam and all staff recruited at least annually.
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d) To ensure that Daily Prayers (Salah) are conducted at the specific times.
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e) To arrange that special prayers on occasions of month of Ramadhan (tarawih), Eid-ul-Fitr and Eid-ul-Adha and other religious festivals are performed and associated facilities and arrangements are provided for the benefit of the Muslim congregation.
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