Charity nuDyber: 1180757 The Milton Keyn&8 Islamic and Cultural A&8ociation CIO Thtee$. report and financial statements for the year ended 31 October 2024
The Milton Keynes Islamic and Cultural Association CIO Contents Page tLgal and ad]ninistrative infonnation Tnjsiees rep)rt IndeExndent examiner5, report Staterntnt of finallcial activities Balance sbeet No(es to the financiat slatements 7-10
The Milton Keynes Islamic and Culthral ASlatiOn CIO Legal and administrative infonnation Charity number 1180757 Busino8s addre&s 401 South Row. Cenrral Milwn KeyS MK9 2PG Retered olee 7 Weybourne Ro&1 Brollgbton Milion Keynes MKIO 9ND Trustees Mr Bisbar Kknis Ada IAr Ibrahim Abdulahi Abdiqadir Mr MOhand Ali Wadad Mr Al)nd Sheikh Hassan Khajif Account8nts L1)a-ll92 Strarford Road Hall Gteen Binningbat B28 8AB P8•p 1
The Milton Keynos Islamic and Cultural Association CIO Report of the tn ror the year ended 31 October 2024 The trustees present tbeir report alld financial stsments for the year ended 31 October 2024. The tte¢S who served during the year and up to the date of this rel are set out on page l. Slructurey governance and llL9jgeMellt Govéming Docupptent The Ch1 is controlled by its governing d¢)cwnenL a deed of trnsL and COLStiDJ(es an UnitOry)rattd ¢1lty. Org¢misatiopI sttre The Chatity has a manag¢rnent ¢oromitt¢e who ha5 overall control a[ responsibility for policy and major deci510tI aking and all nmbeES of the committee are trustees. Dad to day nwMgenMt and res[Sibity for implenting policies is carried out by the trllstees on a volunwy basi5. Membership of cotDJnittee is open to all individuals over 18 years of age approved by the tsustees. The trn5tees InU5t accept applications for emberShiP unless they considei that it would IK in the ISt iDterets of the charity to refijse the application. RiskML7nogemenl The trustess baye a duty to identify and reeW the zisks to wbich the clwity is expTrsed and to ensure appropriate controls are in place to Provide reasonable assurdll against fraud olld error. Objectlvos and activities Obje6tives aFd aims The prlnciple objectives of the charity as follows.. The advancement of the Islamic religion in Milu)n Keynes and in paItscular the provision of facilities for a masjid, ereuKTrnies, MusliD] fe5tiYals al wadraw. Th¢ advancement of education of FfSODS of the mUi faith resident in Milton Kejryw. To provide and assist in the provision of f¥ilitie5 for pTryer. recreation and leisure iinr occiipation of menkn of the muslim community in the inierest of social welfare and with the obJ"ective of imptoving tbeir Colldition of life: and; Such other Clritable purp(tts to benefii the m$11[& iti Miliott Keynes area the wider Musliro community as their trustees in their absolute diraetion thxnk fiL Voltsnieers The Charity relies on the unpaid wot of the tswtres to further it's objeciives. Achievements and perforniance The Charity's biggest ac1lleVeellt w&s the purC1C of the buiidillg. Al. Rawdha 401 S()uth Row that is now a very popular Mosque and Elucation Centtr. Financial review The incoming resources were 42.582/Or iheyear ended 5] October 2024 and these were higher ihe lasi year {2023 - £241.436). Tlw ourgoing resource$ toffjUed£130.851 compared o the lastyears {2023- £84.4711
The MElton Keynes islan¢ and Cultural Association CIO Report of the trustees for the year ended 31 October 2024 Statement of ÉneeS, respoDsibllitits The Mtte5 are responsible for preparing the Trusttts, ADllU Re[rt wl the f8claI st8teJDents ¥cOrdae with applithle law and United Kingdom AccouLttiDg standa (UDiteA Kingdom Geou81ty A(wted A¢ntIng PEactice). IAW 4>plicable to ctwities ir¢ EttglaThl and Wal&s rquires the tTrLStS to prepare fJnanci81 statelluts for eacb fiDallciai year which give a rwe and fair Yiew of charity aud of the incoming [esouT and appii¢atiott of resourtts ol the chariry select suitable accolILlg p)Iici&8 aDd t1 applythemconsistently. srate whetrw applicable UK AccouDting StaDdth bave ten follo*vl subject amy material deparnres disclosed and ¢xplained iu the finallcial starnw aDd colltinue in oJxrntiorL The trustees aTe resEx)nsil)k lor keeping prow a0tIng records which disclose with r¢awDable accuracy at anv tir the fincIal positioo of the cbartty and eBable theETr to eUlE that the fmancial stateEnetts coEllply with the CEMTities Act 1993 and the Charity (AccouDts and Reports) Re8ulatioLs 21M)8. ThEy gre also rw5ible toi safegutitdiug the assets of the cllY aDd hence for tsknng OnabLe s(eps the preyelllion alld detection of fraud and other On behalfof the L?c Date: J_081 IOL
The Milton Keynes Islamic and Cultural Association CIO Independent examiner's report to the trustees on the unaudited financial statements of The Milton Keynes Islan)Rc and Cullural Association CIO. I report on the accounts of The Milton Keynes Islamic and Culiurnl Association CIO for the year ended 31 (kber 2024 set out on pages 2 to 10. Respective responsibilities of trustees and independent examiner As the chaTity's trustees you are responsible for the preparation tsf the accounts, you consider that the audit requiremeni of secrion 4312} of the Clknities Aci 1993 (the Aci), as amended by section 28 of the Charitie8 Act 2006 does ntst apply and that an xndependeni examinaiion is needed. It is my responsibility to exarnine the accounts. under section 4313)lal of Ihe Aci. as an)ended,. to follow the procedures laid down in ihe General Direcrions given by the Charity CotJuni5sion under section 43(71{bl ofihe Aci, as aTnended: and to state whether particular tnatters have eome ro my atntion. Basis of independent examiner's statement My examination was ¢atTied oui in accordance with the General Direction5 given by the Charity Con)mission. exatninatiun includes a review of the accounting reLtsids kepi by ihe chariiy and a comparison of the accounts presented with those records. It also includes consideraiion of any unusual items or disc105ures Ln the aLctsunts, and seeking explanaiions from you as trustees concetning any such matters. The procedures undellaken do not providt ail the evidcnce that would be required in an audit and consequently no opinion is given a5 to whether the aecounts present a 'true and fair view, and thc report is limited to those matiers set out in ihe stsiemeni below. Independent examiner's ststement In connection with my ekqmination, no matier has come io my aireniion.. li) which gives me reasonable cause to believe that in any terial respect the requirements.. to keep proper accouniing records in accordance with section 41 of the Act., and to prepare accounts which accoid with ihe accouniing ordS and comply with the accounting requirenntS of the Act have not been mei", or lill 10 which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Charteied Accountsnts Q9$leTrttALrt0T&AtrIrS Mr RaTA Samar FCA ICAEW 1190a-1192 Stratford Road Hall Green Birmingham 1190A-1194 Stratford Road Birmingham B28 8AB +44 10) 121 777 1200 infoQrus.co.uk www.rus.¢o.uk B28 8AB
The Milton Keynos Islamic and Cultural Alation CIO Statement of financial activities For the year ended 31 October 2024 unrestrict Restricted Endowment fuDds 2024 Totsl 2023 Totsl Notes Incoming resources Illcoming resources from generating fi]nds: Voluntary income 342.582 342,582 241.436 Total Incoming resouTttS 342.582 342,582 241.436 RUrceS expended Staff costs Establishrnent Costs Motor and travelling expe]hses Accovnt3n¢y fee$ L£gal and professional fees Trainsng costs Eyent costs Comrnunications aDd rr Otber office expenses Waler Rates Depreciation attd iJnpairnllt Bank charges Motor and travelling DoDatioDS- Otber Cleanillg 50.512 51.475 50,512 51.475 55.277 13.753 805 1,2(NJ 538 1,2(K) 1.398 287 8,928 566 2.079 3.147 1.845 5,036 1,2(M) 1,398 287 8.928 566 2,079 3.147 1.845 5,036 4,163 2.378 2,307 3,708 115 227 4.378 4.378 Total resources expended 130.851 130.851 84,471 Totsl funds brought forward 419.685 722.110 1,141,8 854,475 Tot funds earrled forward 631,416 722.110 1.353.531 1.141.8(X) The notss on pages 7 to 10 forni an integr9] part of these stalement&
The Milton Keynes Jslamic and Cultural A&wiation CIO Balance sheet at 31 October 2024 2023 Fised awts Tall7)]e asse 1228,177 810.834 DebtS Casb at baDk and in hand 14 581.752 376221 376221 581.766 Creditors: 8Jnounts falling due Jvithin one year (250,867) {250,8(K>) Net current 125354 330.966 Net assets 1353J31 1.141,8(X) Fw)ds . Enth>wment fimds Restri¢ted in¢ome fith: 722,110 722,110 io 631.416 419,685 Tot runts 1353.531 1.141.8(X) Tr financial statenxnts were approved by the trte£S on itsb¢h8lf by.. .Mr Ithis AIMlin&sir Trnstee 20 The notes on pages 7 to 10 form all prt of these stateDl
The Milton Keynes Islamic and Cultural Association CIO Notes to fmancial statements for the year ended 31 October 2024 Accounting polici&s Th¢ principal accounting p)IxcAes sUn]msed below. Th¢ ac¢ountiDg p)licies bave applied coDsi5telltiy throughout the ye•r and the prec¢ding year. 1.1. Basts of accowiting The fiDancial Statelln are prepared U[er the historical cost convention and in accordance with the Stat¢t QfR0ellded Ptice'AcCoUtIti8 and Reporting by Chatities {SORP FRS 1021 and the charities act 2011. 1.1 Incoming resources All xncorning resources are included in tbe stateent of fiuallciai activities when the chaJity is entitl1 to the in¢otne atml the atllount catt be quantified with reasonable accuracy. The following specific poLicies are applied to particular ¢ategories of It¢.. Voluntary income is Teceived by way of grdnts. doDatioDs alld gifts and is illcluded in fisll in the statrment of financial actiTritiGS whell receivable. Gts where eniiilement is nor condiuonal on the delivery of a specifi¢ perforn]ance by the cl)arity, are recognised when the charity becoll u)DtionallY elltitied io grant. Donatrd services and facililies are included at the Vlle to the charity where this be quantsfied. The value of services prOded by volunteers h&% not been included. Gifts donated for resale aTe included &8 Inconji resources within acuvities for generdting fimd5 whell they ore sold. IJ. Resourees expended Expenditure is recognised on an CTual basis as a liability is iDcutred. Enditre includes any VAT which cannot be fully recovered. and is reprtcd &8 Part of the expenditure to which it rela. Costs of generating fund5 COtDprise the costs asS[lated with aurncting volulltary itrne and the costs of trading for fimdraising ptwses including the chaxAtYs shop. Charitable expenditure Compri those costs incurrd by the Ch1 in the delivery of its actÉvities and service8 for its Ixneficiaries. li includes both costs that ¢aD be allocated dircctiy such xtivities attd those costs of an indire¢t bre necessary to support thellL 1.4. Rwreh and development Research expenditure is Titten off to the profit and loss account in year in vA]icb it is incutThl. 1.5. TAnglble fixed assets and depreciation Tangible fixed assets an ststed at cost less accumulated depreciation. Depreciation is provided at rates calculated io write off the cost less fGsidual value of eacll &sset oveTits expecd usehjl life. as follows.. and buijdings Not depreciated as njailltsined to a go(wJ standard FlUreS. fiitings and equipment - 20% reducing balance p 7
The Milton KeynÉ¥ Isknic and Cultural Association CIO Notes to fllwicial statements for the year ended 31 October 20 Voluntary income 2024 Total 2023 Total funds DoDatiolls 342,582 342,582 241,436 Zknt Fitsr EmpAoyee8 Employmellt cl5 2024 2023 Wages and salaties 50,512 55.277 No employee received eMolUtnts of tnore than (21r23 .. Notte). Number of employees The ayerage monthly numbers of employees (in¢ludiDg the lntee) during the year, calculated on tbe basis of full time equivalents. was as foiLows'. 2024 2023 Nulnber Employees tAnd alld Fixtur buildings fittings and freehold equipment Tangible fixed ets Totsi Cost At l November 2023 Additions 801.fA)7 419.188 14,647 816.254 419,188 At 31 (ktober 2024 1,220.795 14,647 1.235.442 Depreciation At l November 2023 Charge for the year 5.420 1,845 5.420 1.845 At 31 October 2024 7.265 7,265 Net book values At 31 October 2024 1.220,795 7,382 1,228,177 Ai 31 October 2021 801.fA>7 9.227 810,834 51
The Milton Keynes Islamic and Cultural AselatiOn CIO Notes to financial statements for the year ended 31 October 2024 Debtors 2024 2023 PAYE Balallces Recoverdble 14 Creditors: wnounts falling due ithin one year 20 2023 Amounts owed to group undertakings Other Mes and sociaj security ACcDlS and defezred iDcotE 249,61X) 67 1,2(K> 249,6(K) 1.21X) 250,867 250,8(M) Analysis of net assets between funds Unrestricted Restricted EndOwnt rull funds Tot runds Fund balauces at 31 Iktober 2024 as represenwl by: TangibEe fixed &¥sets Curretti assets Curteni liabilities 506,067 376.216 {250.867) 722,110 1,228,177 376,221 (250,8671 631.416 722,110 1,353.531 Unrestrieted funds At 01 NOT InMIng Outgoillg 2023 At 31 Oct 2024 419,685 342.582 (130.851) 631.416 Rostrieted funds Al At 31 Oct 2024 01 Nov 2023 Funeral Funds
The Milton Keynes Islamic and Cullural Association CIO Notes to fuwicial statements for the year ended 31 October 2024 io. Endowment funds At 01 Lloy 2023 At 31 Oet 2024 Freehold property 722.110 722.110 ii. Related party transactions There were no trat0]Ll recorded with Telated charity -The MiltOD Keynes and CulDJraJ Association" during the year.
The Milton Keynes Lslamic and Cultural Association CIO The following pagos do not fonn part of the statutory accounts.
The Milton Keynes Islamic and Cultural knociation CIO Detailed statement of fllwicial artivities For the year ended 31 October 2024 202A 2023 Incoming resources Incoming resoure&s from generating funds: Voluntury incorne DoDations 342.582 241,436 Totsl inconiing resources 342.582 241,436 RourceS expended Costs of generating funds: Cost of genernting voluntary income Dona¢ions Donations- Staff - Wages and salaries Dollations- Establishment- Light & heat DonatiOnS- EsÉablishmeni- Repairs & m8inteDan¢e Donations- Establisbtlleut- ItLSUtatt¢e Donations- Computer costs Donations- Event ¢osts Donations- Training Donations- Pmfessionai- AcCo1¢Y fees Donations- Prole5sionaL Fees Donations- ProfessioDaL. Book-keeping scrvices DOnatio- Adven Donations- Office- Telephone exPere5 Donations- Fire/Secutity Donations- Water Rate5 Bank charges Mots)r and travelling DoDations- Other Cleaning 50.512 18.795 31.538 1,142 566 8.928 287 12(M) 55.277 8,455 3,902 1.396 805 358 180 225 1.173 1,061 418 3.147 5.036 2.694 2,378 3.708 115 227 4.378 129,IX16 82.164 GovernLTnce Costs Depreciatson & inwainnent 1.845 2,307 1,845 2,307 Total eosts of generating funds 130,851 84,471 Net Inconthigl{outgol rQur{r5 for the year 211,731 156.965 12