**Charity number: 1180757**
**The Milton Keynes Islamic and Cultural Association CIO**
**Trustees' report and financial statements**
**for the year ended 31 October 2022**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 3**|
|Independent examiners' report|**4**|
|Statement of financial activities|**5**|
|Balance sheet|**6**|
|Notes to the financial statements|**7 - 10**|
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Legal and administrative information**
**Charity number** 1180757 **Business address** Al-Rawdha 401 South Row, Central Milton Keynes MK9 2PG **Registered office** 7 Weybourne Road Broughton Milton Keynes MK10 9ND **Trustees** Mr Idris Abdinasir Mr Cabdihakim Maxamud Dhaqane Mr Ibrahim Abdulahi Abdiqadir Mr Mohamed Ali Wadad Mr Ahmed Sheikh Hassan Khalif Mr Farhaan Muhamed Awas
**Accountants** RUS Chartered Accountants 1190a-1192 Stratford Road Hall Green Birmingham B28 8AB
**Page 1**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Report of the trustees for the year ended 31 October 2022**
The trustees present their report and the financial statements for the year ended 31 October 2022. The trustees who served during the year and up to the date of this report are set out on page 1.
## **Structure, governance and management**
## _Governing Document_
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## _Organisational Structure_
The Charity has a management committee who has overall control and responsibility for policy and major decision making and all members of the committee are trustees. Dad to day management and responsibility for implenting policies is carried out by the trustees on a voluntary basis.
Membership of committee is open to all individuals over 18 years of age who are approved by the trustees. The trustees must accept applications for membership unless they consider that it would be in the best interets of the charity to refuse the application.
## _Risk Management_
The trustess have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Objectives and activities**
## _Objectives and aims_
The principle objectives of the charity are as follows:
The advancement of the Islamic religion in Milton Keynes and in particular the provision of facilities for a masjid, ceremonies, Muslim festivals and madrassa;
The advancement of education of persons of the Muslim faith resident in Milton Keynes;
To provide and assist in the provision of facilities for prayer, recreation and leisure time occupation of members of the muslim community in the interest of social welfare and with the objective of improving their condition of life: and;
Such other charitable purposes to benefit the Muslims in Milton Keynes area and the wider Muslim community as their trustees in their absolute discretion think fit.
## _Volunteers_
The Charity relies on the unpaid work of the trustees to further it's objectives.
## **Achievements and performance**
The Charity's biggest achievement was the purchase of the building, Al- Rawdha 401 South Row that is now a very popular Mosque and Education Centre.
## **Financial review**
_The incoming resources were £215,231 for the year ended 31st October 2022 and these were lower than the last year (2021 - £65,679). The outgoing resources totalled £84,871 compared to the last year's (2021 - £43,461). The increase in outgoing expenses is due to increased fixed costs and charitable activities._
**Page 2**
The Mllton Keynes 181att *ttd Association CIO
Report of tbe trustees
for the year eNded 31 Oetober 2022
St•tement of tru¥tea' rewslbili¢Ks
I'be tTUStees are res5Mwibk for prqwing the Truths. Rert the il) 4wnl3JKc with
Law applicable to cbariiies ID Engla1 atMI Wale5 requires th¢ to wep•re fits•181 for e&.h fitWLeial
Y wthich give a tnx and fair view ofclwity and of the irthmi#JJ re¢¢8 8th1 application of r¢rANtytts of th¢ charity
for (bat [. LD pt¢pariD8 tbrsr fuwKial th¢ tn]4cr• uc rcquircd w:
s¢lwt juitabk tthi¢5 then apply thern((sIY•
coniinue in op¢r•ion.
Tbe trJste¢8 are reBpollsibl¢ for k*piD8 pmper Kthich di*10 with retyjnabie 8ccuracy 8t any Itme
thc financial position of thc fhgriiy aThJ cnablc thcrn to ensure th•t the financial statenxnts conTrly with ihe Charsii¢s
Act 1993 and thc Charity IAcroutLts and Rep)ns) Re8ulativLq 2008. Tlw are also rL¥fA)nsible sthguardillg ¢h¢
as8cls of the ch*ity alld hellce for tsking Teag)n•ble sws for the prcvenlion ar¥1 detethxm of frtt other
Mr Idrli AbdlDa
Tru8*e*
Date:
The Milton Keyn¢$ l$lami¢ and Cultural Association CIO
Independent examiner's report to the trustees on the un4udited financial statements of The
Milton Keynes Islamic and Cultural Association CIO.
I report on the aeeounts of The Milton Keynes Islamic and Culiural Association CIO for the year ended 31 October 2022
set out on pages 2 to l O.
Respective responsibilities of trustees and independent oxamintr
As the ¢harily's trustees you are responsible foT the preparation of the accounts. you consider that the audit requirem¢nt
of section 43121 of the Charities Aci 1993 Ith¢ A¢tl, as amended by section 28 of the Charities Act 2006 does not apply
and that an independent examination is needed. It is my responsibility io examine the a¢¢ounts under s¢¢tion 43(3llal of
the Act. a5 amended; to follow th¢ proredures laid down in the General Directions given by the Charity Commission
under seetion 43(7Kb} of the Act, as amended,. and to state whether particular matters have rotn¢ to my attention.
Basis of independent examiner'$ $t#t¢ment
My examination was Caied oiit in a¢¢ordance with the General Directions given by the Charity Commission.
exatnination includes a review of the accoiinting records kept by ihe chariry and a ¢omparison of the accounis presented
wilh ihose records. It also includes considerdtion of any unusual items or disclosllres in the accounts. and seeking
explanations from you trustees concerning any such mattets. The pto¢edures undertaken do not provide all the
¢vid¢nce that would be required in an audit atjd consequently no opinion is given as to whether the accollnts pres¢ni a
'true and fajr view. and the report is limited to th05¢ tnatter5 set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention..
(i) which gives me reOnable Cause to believe that in any material respect the requirements..
to keep prop¢T accounting record5 in accordance with settiot) 41 of the Act; atjd
to prepare accounts which a¢¢ord with the accounting records and to comply the accounting requirements
of the Act
have not been met.. or
liil lo which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be
reached.
MrR#
ECAEW
1190a-1192 Stratford Road
H?11 Green
Birmingham
ar FCA
s.fjr.4 R.)ad
Piirrp.inghim B?A JAB
44 (QI 121 717 1200
Us.co.uk
wvJw.rus.co.uk
B28 8AB
P4ge 4
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Statement of financial activities**
## **For the year ended 31 October 2022**
|**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Incoming resources**
Incoming resources from generating funds:
Voluntary income
2
215,231
-
-
Funeral Funds
2
-
-
-
**Total incoming resources**
215,231
-
-
**Resources expended**
Staff costs
3
48,708
-
-
Establishment costs
15,770
-
-
Motor and travelling expenses
-
-
-
Accountancy fees
1,100
-
-
Legal and professional fees
275
-
-
Communications and IT
396
-
-
Other office expenses
1,353
-
-
Depreciation and impairment
773
-
-
Bank charges
2,888
-
-
Motor and travelling
547
-
-
Printing, postage & stationary
-
-
-
Donations - Other
386
-
-
Religious events
12,675
-
-
Zakat Fitar
-
-
**Total resources expended**
84,871
-
-
Total funds brought forward
132,358
5
722,108
**Total funds carried forward**
262,718
5
722,108|**2022**
**Total**
**£**
215,231
-
215,231
48,708
15,770
-
1,100
275
396
1,353
773
2,888
547
-
386
12,675
-
84,871
854,471
984,831|**2021**
**Total**
**£**
64,719
960|
|---|---|---|
|||65,679|
|||29,518
7,194
389
995
868
-
1,339
966
898
280
53
-
-
960|
|||43,460|
|||802,980|
|||854,471|
**The notes on pages 7 to 10 form an integral part of these financial statements.**
**Page 5**
The Milton Keynes Isl*o& and clra1 A&qotlatlon CIO
Balance $h¢et
as at 31 October 2022
2022
2021
FiJ¢d
Tonble a¥se
Current assets
Debtors
C&8b at bank and in hwul
72S,973
14
510J21
14
379,083
510J35
379.097
Crodlior8: *moullts f•lllDI
due withln oHe year
(250.7)
(250.595)
Net current Auets
259.635
128.502
Net aisets
984.835
854.475
Fund
EndowThent
722,110
722,110
Unr¢yiri¢*d incowk fith
10
262.no
132,360
984,835
8S4.475
oaL
Mr Idrli Abdln*Jtr
Tru8tte
D*tt".
I <-ci-ZOL3
ThE n•teJ p•ge8 7 to 10 f•nD prt •f tknt
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Notes to financial statements**
## **for the year ended 31 October 2022**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP FRS 102 ) and the charities act 2011.
## **1.2. Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
## **1.3. Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.4. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Land and buildings Not depreciated as maintained to a good standard - Fixtures, fittings and equipment 20% reducing balance
**Page 7**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Notes to financial statements**
## **for the year ended 31 October 2022**
|**2.**
**Voluntary income**
**Unrestricted**
**funds**
**£**
Donations
215,231
Job Retentiom Scheme Grants
-
Zakat Fitar
-
215,231
**3.**
**Employees**
**Employment costs**
Wages and salaries
No employee received emoluments of more than £60,000 (2021 : None).||**2022**
**Total**
**£**
215,231
-
-
215,231
**2022**
**£**
48,708|**2021**
**Total**
**£**
58,230
6,489
960
65,679
**2021**
**£**
29,518|
|---|---|---|---|
|||||
## **Number of employees**
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
|**2022**
**Number**
Employees
5
**Land and**
**Fixtures,**
**4.**
**Tangible fixed assets**
**buildings fittings and**
**freehold**
**equipment**
**£**
**£**
**Cost**
At 1 November 2021 and
At 31 October 2022
722,108
6,205
**Depreciation**
At 1 November 2021
-
2,340
Charge for the year
-
773
At 31 October 2022
-
3,113
**Net book values**
At 31 October 2022
722,108
3,092
At 31 October 2021
722,108
3,865|**2021**
**Number**
3|
|---|---|
||**Total**
**£**
728,313|
||2,340
773|
||3,113|
||725,200|
||725,973|
**Page 8**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Notes to financial statements**
## **for the year ended 31 October 2022**
|**5.**
**Debtors**
**2022**
**£**
PAYE Balances Recoverable
14
**6.**
**Creditors: amounts falling due**
**within one year**
**2022**
**£**
Amounts owed to group undertakings
249,600
Accruals and deferred income
1,100
250,700
**7.**
**Analysis of net assets between funds**
**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 October 2022 as represented by:
Tangible fixed assets
3,090
-
722,110
Current assets
510,330
5
-
Current liabilities
)
(250,700
-
-
262,720
5
722,110
**8.**
**Unrestricted funds**
**At**
**01 Nov**
**Incoming**
**Outgoing**
**2021**
**resources**
**resources**
**£**
**£**
**£**
132,360
215,231
)
(84,871
**9.**
**Restricted funds**
**At**
**01 Nov**
**2021**
**£**
Funeral Funds
5||**2021**
**£**
14
**2021**
**£**
249,600
995
250,595
**Total**
**funds**
**£**
725,200
510,335
)
(250,700
984,835
**At**
**31 Oct**
**2022**
**£**
262,720
**At**
**31 Oct**
**2022**
**£**
5|
|---|---|---|
||||
||||
||||
||||
**Page 9**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Notes to financial statements for the year ended 31 October 2022**
|**10.**|**Endowment funds**|**At**|||**At**|
|---|---|---|---|---|---|
|||**01 Nov**|**Incoming**|**Outgoing**|**31 Oct**|
|||**2021**|**resources**|**resources**|**2022**|
|||**£**|**£**|**£**|**£**|
||Unrealised gain on Fixed Assets|722,108|-|-|722,108|
## **11. Related party transactions**
There were no transactions recorded with the related charity "The Milton Keynes and Cultural Association" during the year.
**Page 10**
## **The Milton Keynes Islamic and Cultural Association CIO**
**The following pages do not form part of the statutory accounts.**
## **The Milton Keynes Islamic and Cultural Association CIO**
## **Detailed statement of financial activities**
## **For the year ended 31 October 2022**
|**Incoming resources**
**Incoming resources from generating funds:**
_Voluntary income_
Donations
Job Retentiom Scheme Grants
Zakat Fitar
**Total incoming resources**
**Resources expended**
**Costs of generating funds:**
**Cost of generating voluntary income**
_Donations_
Donations - Staff - Wages and salaries
Donations - Establishment - Light & heat
Donations - Establishment - Repairs & maintenance
Donations - Establishment - Insurance
Donations - Computer costs
Donations - Professional - Accountancy fees
Donations - Professional Fees
Donations - Professional - Book-keeping services
Donations - Office - Telephone expenses
Bank charges
Motor and travelling
Printing, postage & stationary
Donations - Other
Religious events
_Legacies_
Zakat Fitar
_Governance Costs_
Depreciation & impairment
**Total costs of generating funds**
**Net incoming/(outgoing) resources for the year**|**2022**
**£**
**£**
215,231
-
-
215,231
48,708
4,450
9,654
1,666
396
1,100
50
225
1,353
2,888
547
-
386
12,675
84,098
-
-
773
773
84,871
130,360|**2021**
**£**
**£**
58,230
6,489
960
65,679
29,518
2,652
2,941
1,601
389
995
598
270
1,341
898
280
53
-
-
41,536
960
960
965
965
43,461
22,218|**2021**
**£**
**£**
58,230
6,489
960
65,679
29,518
2,652
2,941
1,601
389
995
598
270
1,341
898
280
53
-
-
41,536
960
960
965
965
43,461
22,218|
|---|---|---|---|
||||65,679|
||||41,536
960
965|
||||43,461|
|||||
||||22,218|
**Page 12**