IQRAA FOUNDAnoN Icharltabk Incoryx>Trtsd Organlsaoon -th• CIO) {Ch3rlty Reglstratlon number 1176335) REPORT AND ACCOUNTS 31 OCTOBER 2020
IQRAA FOUNDAnoN REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2020 Statu8 The frndaon is CA)n$tthrte(l as a charitsble Incorporated Organisation Govemin9 document The chanty was eslablished under a C(JnStition with objects and pth4Ers that are govemed under the Charitie5 Acts Charfty Commhslon reglstratlon 1175135 Prjneipal place of buslness 60B Cia¥en Path Road London 10 4AE Trustees Muh#Jen Ai Ahmed Redi Habeba Hu5an Mukember Elias Seifelislwn Mohamrwj 8ankers HSBC 43 Queensway Bayswdter London W2 4QL Accountants Kw & Co Limrted Chartered Certffied Actountsnts Registere(l Auditors 11&120 LorKJon Roaj Mrtcham Surrey CR4 3LB
IQRAA FOUNDATION TRUSTEES. REPORT Tha trustses psent their rep)rt together the accounts forthe year 31 October 2020. PRINCIPAL ACTP4ITY AND RESULTS FOR THE PERIOD The foundation 1$ Constituted as a tharitab incoporated organisats.on and 15 tsrefore govemed by a constitution. The principal activit$ ol the foundath.on To advance the ligIOn ol Islam in aCcx)rdan to the Qurfan in patsr io prov facilrties for EID prayers and other reltqious activities on special days. To advan edUtIon induding instnjdion in thè Islwnic tath and teaching ¢lasse3 in Arabic and Quranic studs To prov&k or assist in th& provision of faolitie5 in the intet of so(ial welfare for recreation or other IsU tirne occupation of indiwduals who have need of such faolities by reason of their youth. age. infimrty or di5abilty, financial hardship or swal circurnstances with the object of improving th1 conditions in life The CIO has no liabilty. In the event of rt beiny M)und up. the mwTthrs ofthe CIO have Th) liability to contribut8 to rts assets and no personal respsibl1rtY for settling its debts and liabilibes. TRUSTEES The trustees who served during the year at the date ofthi8 repm are. Muhiden Ali Ahmed Redi Habeba Husan Mukember Elias Seifelislarn Moharnmed
IQRAA FOUNDATK)N TRUSTEES. REPORT Icontd) FINANCIAL AND OPERATION RW41EW Revlew of Actlvltlgs and Achlavem•nts Ir4r8a Fwnd8lkJn w wlstered as a dwrfty on 241h (kAob8r2017. Since Its inception It ha3 canied out 5weral cunmunityaclMti&8 lor chikIn adults. It 8180 org8nisecf educatkjnal classes lor chIre in Islamk 8tsJdle5. Iqraa% oblgcllv8 L% to sports and r8ce8tal thtres to erura fv w)ulh to stsy away Irorn crlme. In this connection Iqraa trairts youngstws In lootbaTr and In Ih regard the Eth1Oan Sm and Cullural Fratil Cup in 2020. Iqraa organlsed lIu8$ for tKJlh fernale 8NJ male memiws on relb3k¥us rnalters One ol lh8 8¢t1vil oflh8 ftyJrthtk)n 15 the 4L4rtetyg8thwW oflhe Sisters. It18 an oc£askn fw the f8mlHes to get together for Wdrx>us klrnls ol 21¥£118$ aThJ for ftjndraistiig. It Is the 81rn olthe foundation k to ratse funds ts) p58 its to its tryrarNnes Durlng tha year, Ihe fwndauon orgpn150d trJnwvJ. fvndwaiwrJ and prmb)nal rilh o vtew lo raising awa55 of and to ratse lurKls towrds Ihe PLK¢ha88 ofa communty cenlre. Futura DeYelopnnts foundaliors Intends to ConnUe wth fts lundrak8w¥ wr*MtK)n81 athll8s. Rl8k Analys1$ The Truste88 of t1 loundation make 8veryelfryt to sure that the potÈnt4d forfinaoci81 aTrJ 0rational risk Ss redu¢ed to the bar68t minimum by malntsiniro slriL1 oversljhl thrtyjgh regular rinHnclal management reports. PLrtting financi81 guld8llw In place forstaff. conducuro wular finandal heallh thecks and inlroduLyrvJ a new finanoal information syotom for effect tracking of Income end expendilures. Mfrthod of appolrttlng truste8$ Board m8mbe¥s 8re genera MInated aThJ th8n elthi at 8mi's kngth based on their background, exwi8nce and relevan lo the ftyJndation¥ objectives. When 8 vaGgnGyari8es on the board and a sklll 1$ id8nufEd. nominees rnay then be nDrnIn8 to iK)ard. InduclK)n or board membe¥s and trabning of e¥151iNJ members ara cc¥xlucW 8t qliartty IntervaLs each year. By tho order ol the board Selfelislam Mohamrned Trust8e Daleoj.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IQRAA FOUNDATION FOR THE YEAR ENDED 31 OCTOBER 2020 I report on the ac¢ounts of the Iqraa FouTrJ8tion for the year erthd 31 October 2020 which are set out on pages S to 9. Respecti mponsibllltltss of trutee¥ and examlmr The charity's trustees are responsible for the preparab.on of the acCun. The chaniis trustees Consider that an audrt is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an indepetKlent exarninatson 1$ needwj. It is my responsibility to". examine the aCUnts wbon 145 oftt 2011 Act. to follow the procedures lahl down in the general D'rections given by the Charity Cornmis5ion under section 14515llbl ol the 2011 Aet," 8ThJ lo stste wther particular rnatte have come to rny aitentic Basi8 of Independent trxamlnorf$ report My èxamination was carried out in accordance with the 9eneral Directions grven by the Charity Commission. An examination includes a vIeW olthe a¢counbng records kept by the tharrty and a MpariSOn of the accounts represented with those records. It also includes ctsnsideration of any unusual iterns or disclosuw in the accounts, and seeking explanations from you as trustees conceming any such Matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently opinion is given as to whether the a¢¢ount$ present a true and fair and the report 1$ limited to those mallers Set OLrt in the statement below. Independent examlnrfs ststement In conneetion with my wmination. no matter has to my attentk)n." 111 which give$ rne reasonable cause to believe that in any material respect requirements.. to keep accountir@ records in accordance section 130 of the 2011 Act. and lo prepare aOunt$ which accord swth the acwnting recwo aTrJ rjynply wilh the requirements of the 2011 Act have not teen rnet.. or 121 to which. in my opinion. attenlion shoukl bè dra in ortlerto eTrab a proKtr understanding of the accounts to be reaclpd. ,la4 4)21 Kojo Arnoah-Arko FCCA Kojo & Co. Limited A8s0ciation of Chartere(I Ceth'fied Accountants 118-120 London Road Mitcham Surrey CR4 3LB Dated.
IQRAA FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 OCTOBER 2020 Unrestricted UnrestriL1ed Totsi Totsi Not• 2020 2019 INCOMING RESOURCES Voluntary incorne 1.512 41.057 DIRECT CHARITABLE COST 132.134 22,187 NET INCOME FOR THE YEAR 24.438 18.870 Balan brought forward 153.ei)4 134.734 Balance camed fomard 178.042 153.604
IQRAA FOUNDATION BALANCE SHEET AS AT 31 OCTOBER 2020 2020 2019 TANGIBLE FIXED ASSETS 4.706 CURRENT ASSETS Debtors Bank and eash ba18nces 173,936 152,054 173.936 154,054 . CREDrroRS.' knounts talliny due wlthln one year 173.336 153,604 178.042 153.6t14 INCOME FUNDS Unre5trided 178.042 153,6fM Muhiden Ai rrustee Approved by the &)ard on
IQRAA FOUNOATION NOTES TO THE ACCOUNTS- 31 IXTOBER 2020 1a. Ba$ls of Aceountlng The financial statements have been prepared in accA)rdance ¥h ArUting aTrJ ReportirKJ by Charities.. Statement of Recommended Practice applicab to chaiities preparing their accounts in accordan with the Financial Reportiro StaThJards appl Ireland IFRS 1021 leffective 1 January 2016k (Chanties SORP IFRS 1021. the Finanual ReporbrKJ Standard applicable in the UK and Republic of IrdaThJ IFRS 1021. Iqraa Foundabon rn the definrtion of a Publ benefft enbty under FRS102. 1b. Fund A¢countlng General funds represent the funds for the foundation that are not subpct to any striCtiOnS regarding their use and are availabFe for applicats.on on the general purposes of Ihe fou¥wJation. The purpose ol any $t'cY fvnd$ is noted In the acthunts. 1¢. Ineomlng resource• Grants donations are accoun for on an accrual basi8. Any unpa*J balance is Stated as a dabtor in the balan sheet. 1d. Resour¢es expended Resources expended are ac¢ounted fw on an accnwl basis. TW are analysed tetseen cA)st of generating funds, Charitab actNitses and governan Costs. based on the nature of the expense. le. Depre¢latttsn DepcIatIon of tangible fixed assets is provhled on ts stravaht line basis over the vsefvl gxpected lives of the a58ets as follows Equip¥rnnt 50% on cost 1f. Resources •xpendod Resources expended are rewnised in the pericxl in they a irKurred. Resour expended Include attributable VAT which cannot be recovered. Resour$ 8xpended a allocated to the particular athty where the ¢051 relates directly to that activity. However. the cost of overall d1ctiOn and administration of each a¢tNrty, comprising the salary an(1 overhead cost5 of the central fvnctson is appDrtioned on the followng basis which are an ests"mate. based on stsff time. ofthe amount attributable to each activity. 19. Unrestrl¢ted funds These are donations and other incorniNJ 50rS ree•Ned or generaw lor the obprA5 of the foundation.
IQRAA FOUNDATION NOTES TO THE ACCOUNfs- 31 OCTOBER 2020 2. INCOMING RESOURCES 2020 2019 VOLUNTARY INCOME Donation¥ and lundraising 156,572 41.057 3. DIRECT CHARITABLE COST Rent Donation Fundraisiro & sporthThJ activit Printing & stationery Telephone Repairs & maintenance Cleaning Depreciation Light & heat Bank charges Le9al fees Profè58ional fees 60.187 10.CIXI 23,161 9.965 744 28.674 1.177 4.71 150 182 140 750 450 132.134 22.187 4. TANGIBLE FIXED ASSETS equipment COST Additbons 9.412 DEPRECIAnON Charge for the year 4,7L NEf BOOK VALUE As at 31 October 2020 4,7C A5 at 31 (ktober 2019
IQRAA FOUNDATION NOTES TO THE ACCOUNTS - 31 OCTOBER 2020 2020 2019 6. DEBTORS Other debttys 8. CREDITORS: Amounts falling due wlthin on• ye•r Accruals 7. FUNDS Balanee 01440¥.19 Recelpts Pajrynents Balance 314)ct-20 Unrnstrfcted Fund$ 153,604 156,572 132,134 178,042 8. ANALYSIS OF FUND 8ALANCES BETWEEN ASSETS 2020 2019 lj0r8S¢tsd JnStrIctrd Tangible fixed assets Current assets Current liabl1"es.. Amounts falling due within ont year 4,7L 173,936 16CQI 152.054 149)) 178.042 151.604