2021-12-31-accounts - Islamic Brotherhood Coventry

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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 2021

KAISER NOUMAN NATHAN LLP

57 ALFRED STREET SPARKBROOK BIRMINGHAM B12 8JP

I.107/MN/HQ

21 SEPTEMBER 2022

ISLAMIC BROTHERHOOD

YEAR ENDED 31 DECEMBER 2021

C O N T E N T S ASSOCIATION INFORMATION REPORT OF THE MANAGEMENT COMMITTEE REPORT OF THE INDEPENDENT EXAMINERS STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS	PAGE
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ISLAMIC BROTHERHOOD

YEAR ENDED 31 DECEMBER 2021

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

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 2021.

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

21 September 2022

INDEPENDENT EXAMINERS REPORT

TO THE MANAGEMENT COMMITTEE OF

ISLAMIC BROTHERHOOD

I report on the accounts of the charity for the year ended 31 December 2021 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

21 September 2022

ISLAMIC BROTHERHOOD

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2021

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 31.12.20 FUNDS BALANCES C/F 31.12.21	Notes 7 6 4	Unrestricted Funds £ 132,796 7,000 _ 139,796 _ 105,306 _ 105,306 _ 34,490 1,614,319 - ___ 1,648,809 =========	Restricted Funds 2021 Total 2020 £ £ - 132,796 79,474 - 7,000 4,200 _ _ _ - 139,796 83,674 _ _ _ - 105,306 80,244 _ _ _ - 105,306 80,244 _ _ _ - 34,490 3,430 - 1,614,319 1,610,889 _ _ ___ - 1,648,809 1,614,319 ========= ========= =========
			_ ==

ISLAMIC BROTHERHOOD

BALANCE SHEET AS AT 31 DECEMBER 2021

Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Cash in Hand & at Bank - Current A/c Debtors and Prepayment CREDITORS: Due within one year Creditors and Accruals 5 NET CURRENT (LIABILITIES) / ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted Restricted	2021 £ £ 838,626 399,265 412,110 _____ 811,375 __ 1,192 _____ 810,183 __ 1,648,809 ============= 1,238,809 410,000 __ 1,648,809 =============	2020 £ £ 850,225 355,766 412,110 ____ 767,876 _ 3,782 ___ 767,876 __ 1,614,319 ============= 1,204,319 410,000 ______ 1,614,319 ============

Approved on behalf of the management committee

MR M ARIF Chairperson

21 September 2022

ISLAMIC BROTHERHOOD

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2021

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

Income is included in the income and expenditure account as soon as its receipt becomes due.

2. TANGIBLE ASSETS COST 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 2021 DEPRECIATION At 31 December 2020 Charge for the year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020	Freehold Properties Fixtures Fittings and Equipment £ £ 284,477 - 76,499 - 131,163 - 401,076 41,230 18,827 9,595 __ __ 912,042 50,825 71,911 31,136 18,241 2,953 _ ____ 90,152 34,089 821,890 16,736 =========== =========== = 840,131 10,094 =========== =========== =	Total £ 284,477 76,499 131,163 442,306 28,120 __ 962,867 103,047 21,194 __ ____ 124,241 838,626 ========== 850,225 ==========
	= =

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 £821,890 included in Balance Sheet.

ISLAMIC BROTHERHOOD

NOTES TO THE ACCOUNTS

YEAR ENDED 31 DECEMBER 2021

4. CHARITABLE 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 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	Unrestricted £ 36,112 8,681 8,470 461 2,736 6,327 1,122 18,008 1,194 1,001 - - 21,194 _____ 105,306 =========== Unrestricted £ 22 900 270 ___ 1,192 =========	2021 2020 Restricted Total £ £ £ - 36,112 34,370 - 8,681 5,124 - 88,470 8,814 - 461 605 - 2,736 20,14 - 6,327 1,469 - 1,122 1,116 - 18,008 4,968 - 1,191 741 - 1,001 1,001 - - - - - - - 21,194 20,022 _____ _____ _____ - 105,306 80,244 =========== =========== =========== 2021 2020 Restricted Total £ £ £ - 22 2,620 - 900 900 - 270 262 _ ___ ___ - 1,192 3,782 ======= ========= =========

Other Income and Resources refers to income from renting out 68 George Street, Coventry.
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:-

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.
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