2023-02-28-accounts - The Islamic Diversity Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Company Number: 11808023 Charity Number: 1186848 England and Wales

THE ISLAMIC DIVERSITY CENTRE

Director's and Trustee's Report and Financial Statements

For the Period Ended 28 February '2023

Page 1

THE ISLAMIC DIVERSITY CENTRE

Report and Accounts

Contents
	Page
Company & Charity information	3
Directors' & Trustees' report	4-6
Independent examiner’s report to the Trustees	7
Financial Statements	8
Balance Sheet	9
Notes to the accounts	10-14

Page 2

THE ISLAMIC DIVERSITY CENTRE

Charity Information for period ended

28 February '2023

Trustees:		Mr Saqib Arshad
		Mr Abdulaziz Al-Shareedah
		Mr Mohammed Alyas Karmani
		Ms Sarah Mahmoud
		Mr Majid Younas
Principal bankers:		Barclays Bank
		Newcastle
Business Address:		Union Chambers Floor 1
		Grainger Street
		Newcastle Upon Tyne
		NE1 5JE
Company Number:		11808023
Charity Number:		1186848
		England and Wales
Accountants:	S M Q Accountancy	and Management Consultancy Ltd
	Crown House-Suite	702, North Circular Road
	London NW10 7PN

Page 3

THE ISLAMIC DIVERSITY CENTRE Directors'/Trustees Annual Report

Structure, Governance & Management

The " THE ISLAMIC DIVERSITY CENTRE" as charity was incorporated on 09 December 2019 and is governed by Charity Constitution. It is also a registered charity, no. 1186848

Organisational Structure

The charity trustees are responsible for the strategic management of the charity. The CEO and staff are responsible for the implementation of plans and the day-to-day running of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS: Registered charity name

THE ISLAMIC DIVERSITY CENTRE Charity registration number 1186848 Principal office: Union Chambers Floor 1, Grainger Street, Newcastle Upon Tyne NE1 5JE

THE DIRECTORS AND TRUSTEES

The trustees who served the charity during the period were as follows: Mr. Saqib Arshad, Chairman Mr Abdulaziz Al-Shareedah Mr Mohammed Alyas Karmani Ms Sarah Mahmoud Mr Majid Younas

Accountant

S M Q Accountancy & Management Consultancy Limited Crown House, North Circular Road, London NW10 7PN

GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Structure, governance and management Structure

The THE ISLAMIC DIVERSITY CENTRE charity was registered on 09 December 2019 governed by Constitution

Objectives

1.the objects of the charity are for the public benefit and are specifically restricted to The following 1.1 to advance the islamic faith for the benefit of the public. Without Prejudice to the generality of the forgoing through the holding of prayer meetings Lectures public celebration of religious festivals producing and/or distributing Literature on islam to both the enlightened and others about the islamic faith, and to Support in exclusively charitable ways new muslims, to hold school visits and organise Visits to the mosque as experience in islam; 1.1.2 to further or benefit the residents of North east of england, without distinction of sex, sexual orientation, race or of political, Religious or other opinions by associating together the said residents and the local Authorities, voluntary and other organisations in a common effort to advance education And to provide facilities in the interests of social welfare for recreation and leisure Time occupation with the objective of improving the conditions of life for the residents; 1.1.3 in furtherance of these objects but not otherwise, the trustees shall have power: To establish or secure the establishment of a community centre and to maintain or Manage or co-operate with any statutory authority in the maintenance and management Of such a centre for activities promoted by the charity in furtherance of the above Objects.

Risk Management

The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposure to these risks.

Page 4

THE ISLAMIC DIVERSITY CENTRE

Aim:

Advancement of faith

What we do:

Religious Activities Recreation

This is done through:

Provides Buildings/facilities/open Space
Provides Advocacy/advice/information

What we do:

The charity is involved in a number of professional programmes and activities of engagement to bring about a change in perception of Islam and the Muslim community.

Public events, exhibitions and tours
Islamic Awareness stalls and talks
'- Social Initiatives
Education in schools and Training
'- New Muslim Support

Services

Throughout the financial year 2022/23 The Islamic Diversity Centre focused on establishing its Community Centre as related to charitable objective 1.1.3 to promote the charitable activities mentioned above, namely the classes and education programmes for the local residents both Muslim and non-Muslim.

2022/23 period saw the Islamic Diversity Centre saw significant activities being restored to normality and introduced projects in a transitional phased manner. This year saw significant progress made in the refurbishment of the centre

Raising Awareness:

THE ISLAMIC DIVERSITY CENTRE works with public organisations as well as schools delivering Islamic awareness workshops at different levels. There are also free public events where the wider society members are welcome to attend and find out more information on Islam and in particular current issues that affect our society today.

Activities and Events include:

We delivered a number of our public exhibitions and Islamic awareness stalls throughout the year including the continuation of our live stream work.

Educate

Islamic Diversity Centre runs a number of Education programmes, in order to bring about greater awareness of the Islamic faith. This is done by:

Working with public organisations as well as schools delivering Islamic awareness workshops at different levels.

There are also free public events where the wider society members are welcome to attend and find out more information on Islam and in particular current issues that affect our society today.

In-house Islamic awareness courses and Mythbusting sessions for organisations and professionals in the North East. During this period our education work was delivered online instead of public face to face engagement, to bring about more normal outreach conditions for our work.

Engage

All of our normal engagement projects were continued to stay on hold following the pandemic and national lockdowns due to limited capacity of work and finance priorities. This year has seen no change in current directive.

Empower - New Muslim Support

The Islamic Diversity Centre continues to support and educate newly converted Muslims to help them through their journey in Islam in a safe environment. This is done through our mentoring programme and educational classes at our new centre. Our empowerment programmes were delivered face to face primarily and included an increase in classes, social programmes and general educational support.

Page 5

THE ISLAMIC DIVERSITY CENTRE

Financial Overview

Reserves policy

The trustees have set a reserves policy of £45,500

For the year ended 28 February 2023 the THE ISLAMIC DIVERSITY CENTRE had a surplus of £135,751. The charity's financial position strengthened over last year as trustees and management retained their commitment over the scrutiny of costs and careful selection of focused projects.

Principal funding source

The majority of funds are raised through grant applications as well as through raising donations, an area that the trustees are keen to develop further.

Measures in place

The trustees have put in place key outcomes and outputs for which funds are to be used. All the funds are used to further the charity’s objects.

Financial management policy

The financial management is managed by the trustees and staff who ensure that the charity adheres to its financial policy and procedures.

Approved by the trustees on 30th December 2023 and signed on their behalf:

Mr Saqib Arshad (Trustee)

Page 6

Independent examiner’s report to the Trustees of THE ISLAMIC DIVERSITY CENTRE

I report on the accounts of the charity for the year ended 28th February 2023, which are set out on pages 10 to15.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility:

a) Examine the accounts (under section 145 of the 2011 Act;

b) To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act);

c) To state whether particular matters have come to my attention.

Basis of independents examiners Report:

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with section 140 of the 2011 Act; and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements 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 understanding of the accounts to be reached.

S M Q Accountancy and Management Consultancy Ltd Crown House-Suite 702, North Circular Road, London NW10 7PN

Date: 30th December 2023

Page 7

THE ISLAMIC DIVERSITY CENTRE Statement of financial activities for the Y/E 28 February '2023

Unrestricted 140,847 79,901 13,853 1,000 5,009	Restricted 143,600 0 0 0 0	Total 2023 284,447 79,901 13,853 1,000 5,009	Total 2022 284,186 99,448 3,790 1,750 4,857
240,611	143,600	384,211	394,031
10,402 133,447 21,503	0 83,108 0	10,401 216,555 21,503	18,467 268,031 17,872
165,352	83,108	248,459	304,370
75,259 176,615	60,493 46,703	135,752 136,569	89,661 46,908
251,874	107,196	272,321	136,569

Page 8

THE ISLAMIC DIVERSITY CENTRE BALANCE SHEET AS 28 February '2022

TANGIBLE FIXED ASSETS Office and IT Equipments 4 Office Furniture CURRENT ASSETS Debtors 5 Cash at bank and in hand CURRENT LIABILITIES Creditors 6 NET CURRENT ASSETS Total Current Assets less Current Liabilities RESERVES Income and Expenditue account Members' Funds	2023 2022 £ £ 0 12,332 0 0
	0 12,332
	0 4,817 277,274 215,594 4,953 9,426
	272,321 210,985

	272,321 223,317
	272,321 223,317
	272,321 223,317

These accounts have been delivered in accordance with the provisions applicable to companies subject to small companies regime.

For the year ending 28/02/2022 the company was entitled to exemption from audit under section 477 (2) of Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Mr Saqib Arshad (Trustee)

Approved by the board on 30th December 2023

Page 9

THE ISLAMIC DIVERSITY CENTRE Notes to the Financial Statements For the Y/E 28 February '2023

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:

Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)',

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic oflreland':

the requirements of Section 7 Statement of Cash Flows;

the requirement of Section 3 Financial Statement Presentation paragraph 3.l 7(d); the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 1l.41(c), 11.41(e), 11.41(f), 11.42, 11.44, 11.45, 11.47, 1l.48(a)(iii), 11.48(a)(iv), 1l.48(b) and 1l.48(c);

the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29 (b) and 12.29A; the requirement of Section 33 Related Party Disclosure paragraph 33.7.

Critical accounting judgements and key sources of estimation uncertainty

There are no significant estimates having a material effect on the financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

This comprises all incoming resources from donations, grants of general nature provided by other charitable foundations which are not conditional on delivering certain levels of volumes of a service or supply of charitable goods and income from fundraising partners on the basis of that which is remitted to THE ISLAMIC DIVERSITY CENTRE in the United Kingdom.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to

that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Page 10

THE ISLAMIC DIVERSITY CENTRE

Raising funds

Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and them. 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

Governance costs

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with meeting the constitutional and statutory requirements of the Charity. Allocation and apportionment of costs

Support costs include central functions and have been allocated to activity cost categories usage. on a basis consistent with the use of resources, for example, allocation property costs by floor areas, or per capital, staff costs by the time spent and other costs by their

Tangible fixed assets

Fixed assets are included at cost. Items are capitalised if their cost or, if gifted their donated value, is over £1,000. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment 25% straight line basis

Taxation

The charity is exempt from tax on its charitable activities.

Fund

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern

The Board of Trustees have reviewed the Charity's financial requirements for a period of 12 months following the date of approval of these accounts and are satisfied that there are no material uncertainties about the charity's ability to continue,therefore the Charity's activities will operate at a adequate level of surplus in the future.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures&Fitting (inc.Computers) 25% on cost Plant and machinery 25% on cost Motor vehicles 25% on cost

Page 11

THE ISLAMIC DIVERSITY CENTRE

2. Incoming Resources


2. Incoming Resources Rental Income Sponsorships Donation Education Services Building Funds Others-Key cut Others	2023 2022 £ £ 79,901 99,448 1,000 1,750 140,847 111,378 13,853 3,790 143,600 172,808 0 40 5,009 4,817
	384,211 394,031

THE ISLAMIC DIVERSITY CENTRE

3. Expenditure


3. Expenditure Refurbisment Staff Cost Project Cost IT & Telephone Website/Domain Printing and Stationary Fundraising Cost Insurance Fire Safety Professional Fee Building & Facility Management Fee Repair and Maintenance Utility Cost Cleaning Bank Charges Travelling and Motor Cost Accountancy Depreciation	2023 2022 £ £ 83,108 163,356 45,132 24,473 57,904 48,566 3,556 2,175 0 90 1,428 1,353 5,533 13,444 5,303 454 1,915 1,753 7,582 8,315 5,040 7,025 7,906 2,592 12,897 17,583 2,034 1,659 162 180 3,542 2,325 1,500 900 3,918 8,125
	248,460 304,368

Page 12

THE ISLAMIC DIVERSITY CENTRE

Notes to the Financial Statements For the Y/E 28 February '2023

4. Tangible Fixed Assets

Fixture and Fitting 0 0 0	Office & IT Equipments 15,673 0 0	Motor Vehicles 16,825 0 (16,825)	Total £

			32,498 0 -16,825
0 0 0 0	15,673 11,755 3,918 0	0 8412 (8,412)	15,673 20,167 3,918 0
0	15,673	0	24,085
0	0	0	0

Page 13

THE ISLAMIC DIVERSITY CENTRE

Notes to the Financial Statements For the Y/E 28 February '2023

5. Debtors VAT Claim 02.23 6.Creditors: amounts falling due within one year Accountancy Fee Depreciation Vat Other Creditors 7.Staff Costs Wages and Salaries PAYE 8.Total Paid employees Education Admin Finance Media New Muslim Support Islamic Awareness	2023 2022 £ £
	0 4817
	2023 2022 £ £ 1500 900 0 8,125 3,053 0 400 400
	4,953 9,425
	44,693 24,324 439 149
	45,132 24,473
	7 7 2 3 1 2 1 1 1 1 1 0 1 0

Page 14