Charity registration No. 1179677 Company registration No. CEO 1496 1 (England and Wales) Islamic Provision Annual Report and Unaudited Accounts 25 March 2023
Islamic Provlslon Content8 Page Company information Trustee's report Independent Examiner's Report Proflt and loss account Balance Sheet Notes to the accounts 8-10
Islamic Provtsion Report of the Tnte¢S for the year ended 2S March 2023 The turstees present their annual report and audited n8ClaI statements foi the year ended 25 March 2023 ad conf]tTr they coniply with the Chatities Acts. Reference and Admlntstratlve Informatlon Charlty Name Islaynic Provision Charlty Number 1179677 Company number CE014961 Prlnclple addres Unit 903 Victory Business Centre Soniers Road North Portsmouth poi IPJ Trustees M.S Hussain- Chair M.M. Islajn R.I.Sumon Mohammed Nurul Haque- Appointed on 28.03.2024 Abul Kala M Tareq- Appointed on 28.03.2024 A. Rahm£- Resigned on 28.03.2024 A. Sayad- Resigned on 28.03.2024 Accountants & lttdepettdetst tx4mltser8 BC&A Chartered Accountants 161Elm Grove Southsea Portsmouth P05 ILU
Islamic Proi'isio Report of the Trustees for the year ended 25 Mareh 2023 8trncture. governance and management Governlng doeument Islamic Provision IÈ congtituted charitable trust registered with the Charity. Commission in August 2018 under charity number 1179677 and is governed by a deed of trnst. OrgAttlz&t1on strneture The charity's trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remunerauon or other finanaal benefits. The trustees meet as a body at least quarterly and are responsible for all decisions t8lien inrelation to the running of the charity. Recrnltment and appolntment of tnL8tees position. Inductlon and tralthg of trnstee8 ALI existing trustees &re given topieg of the trust deed and a guide to the poLitieÈ Ld protedureg adopted by our charity. Several publications from the Charity Commission are also provided, including guidance on charities and public benefits. This ensures that all trustees are aware of thescope of their responsibilities under the Charities Act ReguLar meetings and discussions are held to evaluate each trustee's performance. Rlsk management Islamic PrO$10n takes risk management seriously and keeps records on all spending, as well as require that all project managers sign in agreement with Islamie provision's terms & conditions. Dollations can only be spent on the specific project it was donated to. Any misuse of the tharity's money or breath of the charity's terms & conditions is taken very seriously and reported to lo¢al authorities and ¢harity commission immediately. Objectlves and actlvltles The aims and objective of Islamic provision are.. To advance the Islamic faith for the benefit of the public in accordance ryth the statements of belief appearing in the schedule. Prevention or relief of poverty in Bangladesh. Nigeria, Sudan, Yemen. England and oecupied Palestinian Territories by providing grants, food and services to individuals and lor charities that arein need. The charity work has been done in the above COLLntries direttly by Islamic ProwÈion's deditated volunteers. Not in co-operation with any other local charities, group or representatives. Strategies Our eharity aims at achieving this objective by building water wells in places where water isn't readily available in the community. We also educate communities in a bid to eradicate poverty and send food and medication to places of emergtncie$. We help the homeless in Portsmouth. UK by providing food and assisting them to look for jobs. Use of volunteers Islamic Pros1On recruits local volunteers to help with the UK based projects which are involved with feeding the homeless & helping refugees. Overseas project mÉnagerg oversee all overge&s volunteers that help in humanitsrian &id. All project managers and volunteers involved with the charity signed an agreement with Islamie provision to have their background cheeked as Islamie PrOViOn doesn't allow anyone with a criminal record to be involved with the chÉuity. Aetlvltles And Aehlévements consider that these activities. SUMrrLd below, provide benefit both to people in the UK andabroad.
Islamic Proi'isio Report of the Trustees for the year ended 25 Mareh 2023 How our actlvltles dellver publle benefit We have built fe.w water Well far in Bangladesh, we have prOded water purifier in a Hospital in Gaza, Palestinian and Yemen. In 2023. we were able to help some people who needed food supplies during the CoronavirusPandemic in Bangladesh, Palestine. Sudan. Yemen. We give food donations to orphans in Gaza, Palestine and Yemen and help give them education to help them secure a better life. We help the homelesÈ Ld refugees in Portsmouth, UK by providing them with food. We are distribLLting Quran translation to introduce people to the aLLthentit Islam in Bangl&deÈh And UK so far. Flnan¢lAI revlew Reserves policy We are a small charity with limited income, money is spent immediately after we receive money giftsto fund specific projects. During the reporting period, the charity did not hold any flmds in reserve. The funds released as it's received on a regular basis for the dedicated purposes. Prlnelpal fundlng source8 The charity's n]ain source of income is monry given by friends, famiLy, the local community, and local bLLsinesses. Invetstment poliey and objectives The Charity has no immediate plan to invest. Statément of Trustees, responslbljltles The charity trustees are responsible for preparing an annual report and finaneial statements in aecordanee with applitttble lttw and United Kingdom A¢¢ounting Stgndards (United KingdomGener2ily A¢¢epted Accounting Practicel. The law applicable to charities in England and Wales requires the eharity trustees to prepare finantiaL statements for eath year whith give a true and fair view of the gtste of &ffairs of the charity and of the incoming resourtes and &pplittttion of resourtes of the ehttrity for that period. Ln preparing the finantial statements. the trustees are required to.. elett suitable attounting polities and then apply them tonsistently. observe the methods and priiitipleÈ in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material dep&rtures digtlosed &ndexpl2ined in the finAnt1 st&tementg. Prepare the fanCIal statements on the going concern basis unless it is inappropriate to presume that the chÉuity lIcOntinUe in business. The trustees are responsibLe for keeping proper aceounting records that disclose with reasonabLe atturacy at any time the finantial position of the eharity and to enable them to ensLLre that the fin&ntial st&tements compLy with the Charities Arts. They are also responsible for safeguarding theassets of the charity and hcnce taking reasonable steps for the prevention and detection of fraud andother irreguLaLlties.
Islamic Proi'isio Report of the Trustees for the year ended 25 Mareh 2023 The trustees for the purwses of charity law who serwed during the year and up to the date of this report are set out on page l. Approved by the trustees and signed on its behalf by.. M.M Islam lTrusteel 5 ApriL 2024
Islamic Pro10 Independent Examlner's Report To The Trust8 of Islamlc Provlslon I report on the accounts of the charity for the year ended 25 March 2023. Respective respOnbilltieS of trustees and examiner The charity's tStee5 are responsible for the preparation of the accounts. The ChEity'S tSteeS consider that an audit is not required for this year under section 144121 of the Charities Act 20 1 l and that an independent examination is needed. It is my responsibility to.. examille the accounts under sertion 145 of the 20 1 l Act,. to follow the proeedures laid down in the general directions given by the Charity Commission under section 1451Sllbl of the 2011 Act; and to state whether partitular matters have tome to my attention. BASIS of éxAmlnÈr & st&tèment My 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 8lld a cotnparison of the accounts presented with those records. It also includes eonsideration of any unusuaL itetns or disclosures in the accounts, and seeking explanations frotn you as trustees 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 giyell as to whether the accounts present a 'true and fair t, and the report is limited to those matters set out in the statement below. Independent tsxamlner's quallfied statement Subject to the limitations upon the scope of my work as detailed above. in eonneetion with my exarninatiort, I tan tortfirni that in the course of my examination, no matter has tome to my attentiort. Narne.. Tahir Ahmed, FCA, ACMA, Bsc (Honsl BC&A Chthered Accountants 5 April 2024
[sla1r Provtsion statement of Flnattclal Actlvltles the year ended 25 hfarch 2023 Unrestricted Funds Re8tricted Funds Total Funds Total Funds Notes 2023 2023 2023 2022 Income and endwwments.. Donations and legricies Total Income and endowment 41.315 41,315 41.315 4L,315 46,044 46,044 endlture Resources eAp¢nsed Other expÈAse$ Total charltable ¢Apenditur* 49,287 200 49,287 200 33,057 49,487 49,487 33,057 Net movement In funds -8,172 -8,172 12,987 Fund balances at 26 March 2023 145 15,577 15,722 2,735 Fund bAlaneea At 25 Mareh 2023 145 7,405 7,550 15,722
Islthmle Prtsvislon Balance Sheet AB at 25 March 2023 Note8 2023 2022 Current a88ets: Cash at bank and hand Total current &sset 7,550 15,722 Credityrs falling due within l year Net eurrent a58et 7,550 15,722 Net AB8etB The funds of the charAtT. Unrestncted nd8'. General funds Total unrestricted funds 145 145 145 145 Restricted intome funds 7,405 15,577 Totdl tharlty futLd¥ 7,550 15,722 The trustees atlinowledge their responsibility for ensuring that the eharity keeps aceounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the fjnancial year in ac¢ordance with the requirements of the Cornpanies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statement8 for the year in question in accordance with section 476. The finaneiai statements have been prepared in aceordance with the pro$10n$ applieable to companies subject to the small companies regime. M.M Islam Trustee Approved by the Trustees on 5 April 2024
Islamle Provlslon Notes to the aeeounts For the year ended 25 March 2023 Aeeountlng pollcles Charity information IslaTtLiC Provision is a charitable incorporated orgallisation in England and Wales. The principal address is Unit 903 Victory Business Centre, Somers Road North, Portsmouth. POI IPJ Accounting convention. The accounts have been prepared in accordance writh the charity's goveming document, the Companies Act 2006 and "Accounting 2nd Reporting by Charitieg.. St&tement of RecoTnmended Prattice applitable to charities preparing their accounts in accordance with the Finaneial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021" las arrLended for accounting periods commeneing from I January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bullet I not to prepare & St&tement of Cash flows. The fLnancial statements are prepared in Sterling. which is the functional currency of the eharity. onetary amounts in these financial statements are rounded to the nearest pound. The fin&nti&l st&tements h&ve been prepared under the historic&1 cost tonvention, modified to intlude the revaluation of freehold properties and to indude investment properties and certain fitle11 instruments at fair value. The principal accounting polieies adopted are set out below. Golng Concern At the time of approving the fancial StateLetttS, the trnstees have a reasonable expectation that the eharity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial st2tementy. Charltable funds Unrestri¢ted funds are available ftsr use at the discretion ofthe trustees in furtherance of their ¢haritable objettives unLess the funds have been designated for other purposes. Restricted fimds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds 8re set out in the notes to the financial statements. Endowment funds Are subjett to spetifLt conditions by donors th&t the t&pit2L must be maintained by the charity. Incomlng reUrteS Income is reeognised when the charity is legally entitled to it after any perfornlee conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donatioll unles5 perforniance conditions required deferral of the arrlount. IncoTtLe tax retover2ble in relation to donations received under Cift Aid or deeds of c0vent is recognised at the time of the donation. Legaeies are recognised on receipt or otherwise if the charity has been notled of an impending distribution. the amount is known, and receipt is expected. If the amount is unknown, the legacy is trested ag a tontingent asset.
Islamle Provlslon Notes to the aeeounts For the year ended 25 March 2023 Grants are eredited as income in the year in which they are receivable. Grants received for specific purposes 8re accounted for as restricted funds. Grants are not recognLsed as receivable unt]1 all conditions for receipts have been complied with. Resources expended. All expendiNre is accounted for on an accruals basis and includes VAT which cannot be recovered. Tanglble Flxed Assets Tangible Fixed Assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any iTnpairtnent losses. Depretiation IÈ retognised to write off the cost or valuation of assets less their reÈidLLaL valueÈ over their useful lives on the following bases.. Fixmres. fittings & equipment. reducing balance method CL7J20Q/o The gain or loss &rising on the diÈposal of &Èset is determined as the differente between the È2Le proceeds and the carrying vaLue of the asset and is recognised in net incomellexpenditurel for the year. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemine whether there is any indication tIt those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated to determine the extent of the impairment loss lif any). Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call banks, othei short tertn liquid investments with original m&turities of three months or less, and bank overdrafts. B&nk overdrafts are shown within borrowings in CLreTht liabilities. Critleal aeeounting e¥tinMttb #nd judgements In the applieation of the charity's accounting po]icies, the trustees are required to make judgements, estimates and assumptions about the earrying atnount of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on hLStorkcal experience and othei factors that are relcvant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estirrLate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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