2024-03-31-accounts

TRUSTEES, REPORT And financial report for the year ended 31StMarch 24 This is your newly cultural and Education Centre located on the outskirt ofthe City of Coventry, UK, CV3 IFN 9 Treforest Road, Coventy, CV3 IFN, Unitsd Kingdom, Tel: [phone] Charity No 1184150

TABLE OF CONTENTS: Table of contents............................................... .................................................................................02 Referen￿ &Administrative...............................................................................................03 Structure, lknernance & Management................................................................................................04 Athievement & Perfornian￿..................................................................................................................o5 ststement of Responsibilities................................................................................................................. 06 Independent Examiner Report................................................................................................................07 Statement of ￿nancial Activities........................................................................................................... 08 Balan￿ Sheets......................................................................................................................................... 09 Notes on Financial Ststements................................................................................................. ....10_15 9 Treforest Road, Coventry, CV3 IFN, Unlted Kingdom, Tel: [phone] Charity No 1184150

REFERENCE & ADMINIsfRATIVE Charity Name: Coventy IQIiA TRU tharity Registration No: 1184150 Principle Offitr: 9 Treforest Road, Coventry, CV3 IFN Email Address: [e-mail] Webslte: http://www.coventryiqraatrust.com Trustees: Effective from 1710912016: NaS￿r Mussa Aley Chair Amina Khamis: Sec￿tary Osman Said Omer: Chief Treaswry. Holding Trustees: Nassir Mussa Aley re*lected July 2018 Amina Khamis re-elected July 2018 Osman Said Omer. re-elected Juty 2018 Bankers Bardays Bank PIC North Street. RLrgby CV212AH 9 Trefore5t Road, Coventy, CV3 IFN, UnSted Kingdom, Tel: [phone] Charity No 1184150

srRucfuRE, GOVERNANCE & MANAGEMENr: Objective: To advan￿ the Muslim religion in the local area for the benefit of the public through the holding of prayer meetings, lectures producing andjor distributing literature on Islam to enlighten others about the Islamic religion in accordance with the teachings of the Qurfan the Sunnah. Govemance & Management.. Trustees are responsible for management and administration. The existing trustees are responsible ft)r recruiting of the new tnjstees but in doing so the trust￿ seek the views and recommendation from others community membe￿. Risk Management: TrUst￿S have moral and legal obligation trj exeJcise their dutles In delicate care and skills ty identifies potentlal threats of charity obj-ettives and mitigate those threat appropriate and proportional. Area of Operattons: Coventry Iqra Trust operates within England and Wales. Volunteers.. Volunteets are valuable input for achieving organization objethve. 5 active members are actively for charity related activities. Public benefit.. The trustees frequentty review the activities of the charity to ensure that they continue to reflect the objectives and aims of the charity and provide an overall benefit to the public. 9 Treforest Road, Coventry, CV3 IFN, United Kingdom, Tel: [phone] Charity No 1184150

ACHIEVEMENT & PERFORMANCE The purposes of the charity as set out in its governing document are to advancement of the faith and the rdigious practi￿ of Islam. The advan￿ment of education for the public benefit including intensive teachings of religion of Islam to youngsters, youths and adults. This is first Annual return Sin￿ organizakn'on move from Unincorporated Charity status to Charitable Incorporated. a) By Grace of Allah, charity manage to achieve the primary objective of having a center whereyoungsters will have an opportunity of learning religious of their forefathers. A center with all features required to fvrnishing t￿aY Islamic needs. b) Charity proud for their work to tske care urt)ringing our chSldren to adhere wlth Islamlc values and principles. Consequently, this motive will pilot to becomea law abide citizen. c) The tharity has taken a led in rehabllitatlon of misbehavior youngsters and try reintegration into the community. In addition, we have been worked with statutory bodie5 such as West Midlands Police in combattlrYJ the effotts of radicalization. d) Trustees along wtth other members of community have been working hard to raising fund in order to purchases property which will facilitate to enhancing community objective. Hopefully the first phase will be completed earlier next year 2018. e) Organization provides counselling service provision for the wlder community which has identified a myriad of sooal ills affetting the communiknes which have been and are being dealt with. Q Engage with youth and youngsters in bringing communities together through the medium of sport g) We have b*n offering fr￿ of charges education to non-muslims to unlocking their Miscon￿Pt1on on Islam. h) For the coming year the Community alms to Introdu￿ a ￿SPOke women's SeN1￿ catering for the diverse needs of women, an 'open circle, projert designed to engage youth with the sensitive topics of day and is working with another charity. i) Nevertheless, in coming days we intend to offer help atxl support to our children on their curriculum 8Jucation. 9 Treforest Road, Coventry, CV3 IFN, United KiThJdom, Tel: [phone] Charity No 1184150

srATEMENTS OF TRUSTEES RESPONSIBILrrJES The trustees are responsible for p￿parIng the Report and the financial statements in the accordan￿ with applicable law and regulations. The charty law requires the trustees to prepare financial statements for each finarbcial year in accordan￿ with United Kingdom Generally Accepted Accounting practi￿ (United Kingdom Accounting Stsndards) and applicable law. Under the charity law the trustees must not approve the financial statements unless they are &itisfied that they give a true and fair view of the state of affairs of the charity and of its net outgoing resources for the Feriod. In preparing these financial statements, the trustees are requirLxl to: a) Select suitable accounbng policies and then apply them consisten b) Make judgement and estimates that are ￿sOnable and prudent c} Stste whether applicable accounting standards have b&n followed, subject to any material departures disclosed and explained in the financial statements. d) Prepare the financial statements on the going cOn￿M basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity transattion and disclose with reasonable accuracy at any time the finanaal position of the charity and enable them to ensure that the finanaal statements compty with the charities Act 2011, the Charity (accounts and reports) regulations 2008 and the provisions of the trusts deed. They are also responsible for safeguarding the assets of the charty and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees Board, we hereby satisfied that Trust￿ report give a True and fair vlew of the stste of affairs of the charlty and of Sts net outgoing resour￿$ for the peric(l under review. -fi IJL Ami amis neral Secretary Nassir Mussa Aley Chalrman 9 Treforest Roèd, Coventy, cv3 IFN, United Kingdom, Tel.. [phone] Charity No 1184150

Independent Examiner Report for the year ended 31st March 2024 I report on the accounts of the charity for the year ended 31st Marth 2024 which are set out ¢Jn pages 8 to 15. Respertive responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts. The tnjstees consider that an audit is not required ft)r this year under seLtion 144{2) of the tharities Act 2011 (the 2011 Act) and that an independent examination is needed. It Is my responsibilities to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in general directions given by the Charity Commisslon under secknon 145{5)(b) of the 2011 Act,. and to state whether particular matters have cijme to my attention, Basis of Independent examinerfs report 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 and a comparison of the accounts presented with those records. It aLso included consideration of any unusual items or discbsures in the accounts and seeking explanations from you as trustees Con￿mIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is given as to whether the accounts present a 'knJe and fair view" and the rewrt Is Ilmited to those matters set out in the next statement. Independent examinerfs statement I have not Identif￿ matters of con￿rn. In connertion with my examination, apart from the matter referred above indioting that the accounts are not fully compliant with the accounting requirements of section 396 of the Companies Act and with the methods and principles of the Ststement of Recommended Practice; Accounting and Reporting by tharities, no matter has come to my attention. l) Which gives me reas(￿able (￿USe to believe that in any material respett the requirements. to keep accounting records in accordance with section 130 of the Charities Act 2011, to prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act have not been met. or 2) to which in my opinion, attention should be drawn in order to enable a proper undetstsnding of the accounts to be reached. Suleiman Btn All 29 Clinton Road Coventy LW6 7AI 9 Treforest Road, Coventry, CV3 IFN, United Kingdom, Tel: [phone] Charity No 1184150

Statement of Financial Activities for the year ended 31" Marth 2024. Restrirted Unrèstricted Funds Funds Notes Funds 2024 Funds 2023 Incoming Resources Activities from generated Funds 5,539 5,539 5,775 Charitable actlvStles 23,282 4,461 27,744 42,248 Total incoming Resources lal 23,282 10,0 33,282 48,023 ResoU￿e5 Expended Charitable Activities 3,216 3,216 45 Govemance costs 350 20,014 3871 Total resources expended (b) 19.664 3,566 23,230 3,916 Net income during the year {a-bl 3,619 6.434 10,052 43,407 Funds Reconclllatlon. Total funds brought forward 94,380 101,824 196,204 152,097 Add net resources during the year la-b) 3,618 6,434 10,052 44.107 Total funds carried forward 97,998 108,258 206.256 196,204 +JILL Amina Kh Secre Nassir Mussa Aley Chaiman 9 Treforest Road, Coventryi CV3 IFN, United Kingdom, Tel: [phone] Charity No 1184150

Balance Sheet for the year ended 31st March 2024 Flxed Assets Funds 2024 Funds 2023 Notes Tangible Assets 141,679 141,679 Currents Assets Cash on hand and at Bank io 68,330 58,366 Debtors Less: Creditor5 Fallings due5 Wlthin a year 1,003 1,091 Less: Creditor5 Fallings dues than a year 2,750 2,750 Net Assets 206,256 196,204 The Fund of the Charlty Restricted Fund5 97,998 94.380 Unrestrlrted Funds 108,258 101.824 The Charity Funds 206,256 196.204 Amina mls ral Secretary Nassir Mussa Aley Chaimian 9 Treforest Road, Coventry, CV3 IFN, United Kingdom, Tel.. [phone] Charity No 1184150

Notes to the Financial Ststements for the year ended 31st March 2024. l. Accounting tiolicies Statement of compliance The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Repo￿ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Art 2011. Basis of preparation COVENTRY IQRA TRUST (UK) meets the definition of a public benefit Entlty under FRS 102. Assets and liabilities are initially recognized at hlstorical cost or transaction value unless otherwise stated in the relevant accounting p)licy notes. Exemption from preparing a cash fk)w statement The charity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow ststement in these finanaal ststements. Going cOn￿rn The trustee5 consider that there are no material un￿rtaIntieS about the charity's ability to continue as a going COn￿rn. Income and endowments Voluntary income including donationsi gifts, legacies and grants that provide core funding or are of a general nature is recognized when the charity has entitlement to the income, it is probable that the income will be re￿iVed and the amount can be measured with sufficient reliability. Gifts-in kind Gifts in kind are recognized in different ways dependent on how they are used by the charity: (i) Those donated for resale produce income when they are sold, They are valued at the amount attually realized. (li) Those donated for onward transmission to beneficiaries are included in the Ststement of Financial Activities as incomiftg resources and resources expended when they are distributsd. They are valued at the amount the charity would have had to pay to acquire them. (iii) Those donated for use by the charity itself are included when receivable. They a￿ valued at the amount the charity would have had to pay to acquire them. Expenditure All expenditure is recognized once there is a legal or constructlve obligation to that expenditure, itis probable settlement is required, and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading those aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time 10 9 Treforest Road, Coventry, CV3 IFN, United Kingdom, Tel: [phone] Charity No 1184150

Notes to the Financial Ststements for the year ended 31st Marth 2024. Cont.......... spenL and depreciation charges allocated on the p)rtion of the assevs use. Other support costs are allocated based on the spread of staff costs. Raising fvnds These are costs incurred in attracting voluntary income, the management of Investh￿nts and those incurred in trading activities that ftlse funds. Chantable activities Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocatsd directly to such activities and those costs of an indirect nature ne￿Sary to support them. Suppjrt costs SuptX*rt costs include ￿ntral fijnttions and have been allocated to actiwty cost categories on a basis consistent with the use of resources, for example, allocating propety costs by floor areas, or per capita, stsff costs by the time spent and other costs by their usage. Governan￿ costs These include the costs attributable to the tharity's compliance with constitutional and ststutory requirements, induding audit, strategic management and trustees, meetings and reimbursed expenses. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore It m￿ts the definition of a charitsble company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxation in respett of income or capital gains re￿iVed within categories covered by Chapter 3 Part li of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Art 1992, to the extent that such Income or gairs are applied exclusively to charitsble purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more are Snltialty recorded at cost, le55 any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortlzation DeprÉriation is provided on tsngible fixed assets so as tri write off the cost or valuatlon, less any estimated residual value, over their expected useful economic life as follows: Asset class Depreciation method and rate Fixtures and Fittings Straight Ilne - 33.33% Trade debtors are amounts due from customers for merchandise sold or servi￿5 perfomed in the ordinary. course of business is recognized iniually at the transaction price. They are subsequently 9 Treforest Road, Coventsy, CV3 IFN, United Kingdom, Td: 07450803876 Charity No 1184150 11

Notes to the Financial Statements for the year ended 31st March 2024. Cont.......... measured at amortized cost using the effective interest method, less provlsion for ImpainnenL Provision for the impairment of is established when there is obj'ective evidence that they will not be able to collect all amounts due according to original terms of the retsivables. Cash and cash equivalents Cash and cash equivalents comprSse cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. BorrowirvJs Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortized cost, with the differen between the proceeds, net of transartion costs, and the amount due on redemption being recognized as charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognized on the basis of the effettive interest method and is included in interest payable and similar charges. Borrowings are classified as current liabiliknes unless the charity has an unconditional right to defer settlement of the liability for at least twdve months after the reporting date. Fund structure Unrestritted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objettives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restrictsd to that area or purpose. Financial instruments Classification Financial assets and financial liabilities are recognized when the charity becomes a party to the Contractual provisions of the instrument. Inancial Ilabilities and equity instruments are classified accordlng to the substance of the Contractual arrangements entered. An equity instrument is any contract that evidences a Residual interest in the assets of the tharity after dedutting all its liabilities. 2. Aclivitie5 from generated funds Funds 2024 Funds 2023 Restrirted Unrtstrict•d Education establishment 5,539 5,539 5.775 Others Sub-total 5539 5539 5,775 12 9 Treforest Road, Coventryi CV3 IFN, United Kingdom, Td: 07450803876 Charty No 1184150

Notes to the Financial Statements for the year ended 31st Marth 2024. 3.Charliable Activitles Resources Donation and Subscriptlon 4.461 4,461 35.967 Chanda Collertion 7,039 7,039 Others (Lillah Donation 16,243 16,243 6,281 Sub-total 23,282 4,461 27,743 42.248 Funds 2024 Funds 2023 4.Total re50urce5 ExpendÈd RestrictÈd Unrèstricted Dirert costs Governance costs Accountancy fees (provision for 2023 350 350 350 350 350 350 Su ortc Community Centre maintenance Water bills 752 752 990 Utilities (Gas & Electritity 1,126 1,126 886 Council tax 1,338 1,338 1,645 Charity & Donation 19,664 19,664 45 Printing and stationeries Sub-total 19,664 3,216 22,880 4.266 5.Creditors falllng due after a year 1003 1003 1,091 sub-total 1003 1003 1,091 13 9 Treforest Road, Coventry, CV3 IFN, United Kingdom, Tel.. [phone] Charity No 1184150

Notes to the Financial Ststements for the year ended 31st March 2024. 6. Credltors due more than a year Free interest Loan 2750 2750 2,750 Sub-total 2750 2750 2,750 7. Analysis of Funds Restricted Unrestrlrted Funds 2024 FurKI 2023 Balance from fonvard 94,380 101,824 196,204 152,098 add. ReSoUr￿S earned during the year 23,282 10,000 33,282 48,022 less: Resources expended during 19,664 3,566 23,230 3,916 Total funds at the end of the year 97,998 108,258 206.256 196.204 8. Net Assets by Funds Restricted Unrestrlcted Funds 2024 fund 2023 Tangible Assets 141,679 141,679 141.679 add: Current Assets 6,368 61,962 68330 58,366 Less.. C￿dr(Or5 falling due wlthin a year 1003 1003 1,091 Less: Creditors due more than a year 2750 2750 2,750 Net Assets 3,619 202,638 206,256 196,204 9. Flxed Assets FreelBldg. Furn&Equlp 141679 2,024 138,000 3,679 Balance brought fonNard Add.. addition during the year Sub-total Less.. Depreciation during the year Less.. Accumulated depreciation blf 141,679 141,679 Net Book Value 141,679 141.679 14 9 Treforest Road, Coventryi (Y3 IFN, United Kingdom, Tel: [phone] Charity No 1184150

i)rf i.¢l Notes to the Financial Ststements for the year ended 31st March 2024. 10. Cash Flows Statemer Cash on Hand and at bank Add-. Inflows during the year 58,366.00 Donation & Subscription 4,461 Educatlon establishment 5,539 Friday Collection 7,039 Other 16,243 33 282.1)0 Less.. Cash Outflows during the year Sijndries Creditors 350 Community Centre maintenance Water bills 721 Utilities IGas Electricity 1,126 Council tax 1,457 Charitable & Donations 19,664 Property renovation 23318.CKJ Cash on Hand and at Bank 68330.00 WatsrbMIs Payment duringthe year Less=Arrreas 2023 Add: Arrears 2024 721.01 330 361 752.01 Council tsm b1115 Payment durin8the yaer Less .'Arrreas 2023 Add: Arrear5 2024 1,456.96 411 292 1,337.96 15 9 Treforest Road, Coventry, CV3 IFN, Unitsd Kingdiyn, Tel: [phone] Charity No 1184150