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|
|---|---|
## 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
## - 2 -
## 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:
- examine the accounts under Section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
- 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:
- 1 which gives us reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- 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
- 3 -
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
- 5-
## 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.
2. 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
**=======**
**=======**
**==**
**=======**
**==**|
|---|---|---|
6. Other Income and Resources refers to income from renting out 68 George Street, Coventry.
7. DONATIONS AND LEGACIES refers to contribution received by members of the Mosque.
- 7 -
## 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:-
- The committee has not maintained accounting records of accounts according to the Act.
- 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:
- 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.
- 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.
- c) To manage the performance of the Imam and all staff recruited at least annually.
- d) To ensure that Daily Prayers (Salah) are conducted at the specific times.
- 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.
- 8 -