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2024-03-31-accounts

UK Islamic Mission

FINANCIAL STATEMENTS & TRUSTEE’S REPORT

31[st ] March 2024

Charity Number:

England : 250275 Scotland : SC042499

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Contents

Introduction ..................................................................................................................................... 4 Structure, Governance and Management: ...................................................................................... 5 Governing Document: ...................................................................................................................... 5 Governing Bodies: ............................................................................................................................ 5 Financial Control: ............................................................................................................................. 6 Risk Management: ........................................................................................................................... 6 Objectives and activities: ................................................................................................................. 7 Voluntary Help ................................................................................................................................. 7 Financial Review ............................................................................................................................... 7 Grant Making Policy ......................................................................................................................... 7 Reserves Policy ................................................................................................................................ 7 International Programmes ............................................................................................................... 8 Emergency Response: ...................................................................................................................... 8 Seasonal Food Programme: ............................................................................................................. 9 Winter Relief Response: ................................................................................................................. 10 Education ....................................................................................................................................... 10 Livelihood: ...................................................................................................................................... 10 Healthcare: ..................................................................................................................................... 11 Water, Sanitation and Hygiene: ..................................................................................................... 12 Community Development Centres: ............................................................................................... 12 Children Programme ...................................................................................................................... 12 UK Programmes ............................................................................................................................. 12 Headlines........................................................................................................................................ 12 Masjid Improvement and Benchmarking: ..................................................................................... 13 Future work: ....................................................................................................................................... 13 Seminars and Workshops .............................................................................................................. 13 Imam CPD Sessions: ....................................................................................................................... 13 Pre-Marriage Train the Trainer Course: ......................................................................................... 14 Visit My Mosque (MCB Initiative) .................................................................................................. 14 iHasco Platform Registration ......................................................................................................... 14 Convention Contributions .............................................................................................................. 14 Sisters Department ........................................................................................................................ 14 General Activities ........................................................................................................................... 14

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FIKRR Activities Report ....................................................................................................................... 15 Research and Content Development ............................................................................................. 15 Imam CPD Training Days ................................................................................................................ 15 UKIM Reading Group ..................................................................................................................... 15 Convention Contributions .............................................................................................................. 15 Public Engagement Activities ......................................................................................................... 15 Collaboration with European Islamic Centre Team ....................................................................... 15 UKIM Education: Summary of Activities ............................................................................................ 15 UKIM Exams, Books and Website .................................................................................................. 15 Website Performance: ................................................................................................................... 16 National Quran Competition .......................................................................................................... 16 Microsoft 365 Accounts and SharePoint Integration ........................................................................ 17 Account Creation ........................................................................................................................... 17 Staff Access .................................................................................................................................... 17 Resource Uploads .......................................................................................................................... 17 Training Focus ................................................................................................................................ 17 iHasco Platform Implementation ................................................................................................... 17 iHasco – User Management & Organisational Development ........................................................ 17 Education Future Plans, Including Income-Generating Initiatives: ................................................ 18 Examination Centre Status and GCSE Subjects: ............................................................................. 18 Improved educational outcomes for students: ............................................................................. 18 Teacher Training & Development. ..................................................................................................... 18 Marketing and Fundraising ............................................................................................................ 18 UKIM Social media presence ............................................................................................................. 19 Planning for the future....................................................................................................................... 19 Trustees' responsibilities statement .................................................................................................. 20

Audit Opinion .............................................................................................................................. 21-25 Financials ..................................................................................................................................... 26-28 Accounting Policies ..................................................................................................................... 29-32 Financials continued ................................................................................................................... 33-41

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Introduction

The Trustee present their report and the financial statement of the charity of the year ending 31[st] March 2024.

Reference and administrative details:

Registered Charity Name: The United Kingdom Islamic Mission

Charity Registration Number: 250275

Charity Registration Number Scotland: SC042499

The Corporate Trustee: United Kingdom Islamic Mission, Charity registered number: 1127246

The Trustees:

Dr Hammad Bin Zahid Lodhi Mr Mohammed Saeed Mr Sajjad Amin Mr Maqsood Anwar Dr Fiaz Hussain Mr Waqar Ahmed Mr Mohammad Malik Mr Ghufran Mehmood Mr Ubaid-Ur-Rahman Ahmed Mr Amjad Mujahid Janjua Mr Muhammad Imran Abbasi Mr Mahfoozur Rahman Jawed Mr Asim Uddin Mr Abdul Haq Mian Mr Muhammad Hussain Asghar Mr Muhammad Iqbal Dr Sadia Ahmad Mr Mohammad Tayyab Raza Khan Mr Abdul Hamid Mr Muhammad Saeed Mr Tariq Ali Dr Muhammad Arif Mr Zia Ul Haq

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Bankers:

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Al Rayan Bank PLC 4 Stratford Place, London W1C 1AT
Barclays Bank PLC Business Banking, Leicester, LE87 2BB
HSBC Bank PLC 8 Canada Square, London, E14 5HQ
Lloyds Bank PLC 25 Gresham St, London EC2V 7HN
NatWest 135 Bishopsgate, London EC2M 3UR
Royal Bank of Scotland PLC 36 St. Andrew Square, Edinburgh, Scotland, EH2 2YB
Santander 2 Triton Square, Regent's Place, London
Tide 66 City Road, The Featherstone Building, London EC1Y 2AL
Ulster Bank 70 Fleet St, London EC4Y 1EU
Virgin Money PLC 122 Leadenhall Street, London EC3V 4AB
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Auditors :

SBM Associates Limited - Chartered accountants & statutory auditor 24 Wandsworth Road, London, SW8 2JW

Solicitors :

Simons Muirhead Burton LLP 87-91 Newman Street, London, W1T 3EY

Structure, Governance and Management:

Governing Document:

The Charity was established in 1962 and registered with the Charity Commission in England under charity number 250275. It was also registered in Scotland under charity number SC0424999.

In 2021, the Charity underwent significant structural changes, resulting in the adoption of a new constitution, which was approved by the Charity Commission. As part of this new structure, the Charity transitioned into a limited liability company with a company registration number of 06611497 and a charity number of 1127246. The company now serves as the sole corporate trustee of the original UKIM Trust.

Governing Bodies:

The governing composition is outlined in the Charity’s constitution. The Charity operates through its head office in Oldham and branches located throughout the United Kingdom.

UKIM is funded by members and associate members who contribute through monthly subscriptions. In addition, members of the public donate to support local activities organised by the Charity. Appeals are also made through a network of mosques and Islamic centres. These appeals are arranged and approved by the central finance committee, these appeals support a variety of charitable activities, which will be addressed later in this report.

The Charity is governed by a board of trustees, who are responsible for regulation and decision-making for the organisation. The board of trustees are elected every three years, and full members of the Charity are given the opportunity to vote for the board. UKIM is further divided into four vicinities, each of which has an elected president. These presidents represent the community and the zonal branches within their vicinity.

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The process for electing the National President is conducted directly by full members of the Charity. Following the election, the president, in consultation with the board of trustees, appoints other office bearers, such as the Senior Vice-President, Vice-President, Secretary General, Joint Secretary, and Treasurer.

Ensuring that members of the board of trustees fully understand their roles and associated responsibilities is a key priority. It has been planned that this process will be repeated every three years following the national elections.

Furthermore, as part of its commitment to improving governance and safeguarding at UKIM, particularly considering the increased expectations placed on the charity sector, UKIM trustees have embarked on a comprehensive process of reviewing and identifying areas for improvement within UKIM's governance and departmental structure.

Within UKIM, the Quality, Safety, and Performance Committee plays a vital role, ensuring the delivery of high-quality services or products while maintaining a safe and compliant environment. Its responsibilities are to monitor and improve quality standards, ensuring adherence to health, safety, and environmental regulations, and reviewing performance to align with organisational aims. The committee identifies risks related to quality and safety and overlook the implementation of mitigation strategies.

The Audit Committee concentrates on providing oversight of financial reporting, internal controls, and compliance with legal and regulatory requirements. Its responsible for reviewing the accuracy and integrity of financial statements and ensuring that robust internal control systems are in place within UKIM. The committee plays a vital role in risk management, ensuring processes align with the organisation’s objectives while adherence to ethical and regulatory standards.

The Finance, General Purpose and Distribution Committee is responsible for managing the organisation’s financial resources and ensuring their effective allocation of funds to projects. Its remit includes managing budgeting, financial planning, and forecasting, as well as monitoring financial of the organisation. The committee also manages funding, and distribution strategies, providing advice on the financial implications of strategies. Ensuring that UKIM maintains financial stability and operates in line with its strategic objectives and regulatory obligations.

Financial Control:

The Trustees ensure that the funds and asset of the charity are safeguarded through the financial controls that are implemented. These controls were introduced by the finance committee, overlooked by the board of trustees who receive financial reports. The accounts are scrutinised by the members of the organisation in their annual meeting. The organisation works to review and develop its systems, making improvements in it accounting policies and financial controls to meet financial reporting standards.

The charity has explored the employee pay structure, with particular care being given to mosquebased Imams (scholars) who were awarded appropriate salaries based on prevailing employment laws and guidelines from HMRC. Currently, the pay increases will be related to performance and are revised periodically.

Risk Management:

The Charity Central Executive Committee has carried out an appraisal on the key risks that could potentially arise through a risk register, paying close attention to those pertaining to the Trust's

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operations and finances. The Committee is confident that sufficient checks have been implemented, systems are in place to minimize the Charity's exposure to major threats and risks. In addition, the Central Administrative Committee reviewed all the organisation's systems to identify areas for improvement and ensure that they are regularly updated.

Objectives and activities:

The charity has direct contact with Muslim communities throughout the UK. It makes use of these contacts to listen to and understand the issues, concerns and problems of these communities. The charity endeavours to respond to the points raised by the communities through identifying projects, acquiring necessary resources to run these projects.

These activities of the charity are not confined to England only. In Scotland the charity has two main branches in Glasgow (North and South Glasgow) and a small centre in Airdrie providing the services highlighted above. In Wales, the charity has a centre in Cardiff which caters for the needs of the local community as well as a centre in Haverford West.

Voluntary Help

The Charity wishes to acknowledge the help of numerous volunteers in each and every town and city where it has a centre or a Mosque for their ceaseless efforts in furthering the cause of the Charity such as raising funds, helping with the education of the children, with organising meetings, fundraising events, and with the day-to-day operations of the Charity at the local levels. Without their help the Charity would not have achieved the results it has so far achieved.

Financial Review

The results of UKIM are shown in the attached financial statements. The net surplus for the year was £6,000,584 (2023: £4,718,789) as detailed in the Statement of Financial Activities.

At the end of the year total reserves were £49,340,022 (2023: £43,339,438). Free reserves, that is reserves excluding tangible fixed assets were £19,405,876 (2023: £14,547,073)

Grant Making Policy

The Charity invites applications for funding of projects through its mosques and general publicity. The distribution committee receives the applications. The applications are then vetted against the criteria and objectives of the governing document, references and credentials are checked before the committee decides to fund a particular project and the level of funding to be given. The administration committee may call individuals for interviews before approving any applications.

Reserves policy

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of charity’s unrestricted expenditure, net of fixed investment income. The trustees consider that, in the event of a downturn in the receipt of donations, this level will provide necessary funds to ensure that support and governance costs are covered. The trustees consider that this level is sufficient, given the continuing returns from the investments and as the giving of donations’ tradition is strong in the community of such a faith-based organisation.

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International Programmes

Globally, the charity prioritises key areas aligned with the Sustainable Development Goals (SDGs). Amid the recent Gaza crisis, which affected the UK and other nations, the Charity initiated a Gaza Emergency Fund to support various projects.

UKIM implemented 79 projects across various countries, covering areas such as water and sanitation, healthcare, seasonal food programs, winter relief, emergency response, education, profile-based initiatives, general development, and livelihood projects. Below is an overview of the key projects carried out in these categories:

Emergency Response:

UKIM responded to the following emergencies worldwide.

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Pakistan Floods : (April – July 2023, caused by monsoon rains). UKIM responded and provided relief support to over 15,000 people affected by floods.

- Turkey Syria Earthquake: On February 6, 2023, an earthquake of 7.8 magnitude occurred. In response, UKIM constructed 65 new homes allocated to vulnerable families. In addition, UKIM helped rehabilitate 42 houses, to support those impacted by the earthquake.

Morocco Earthquake: On September 8, 2023, at 11 pm local time, a 6.8 magnitude earthquake occurred, resulting in the loss of 3,000 lives and affecting 6.6 million people. UKIM extended emergency assistance by distributing winter relief and hygiene kits and installed prefab houses.

Lebanon Crisis : In collaboration with The Awareness & Consolation Association (ACA), the International Programmes Department (IPD) executed a project aimed at supporting 500 Syrian and Palestinian refugee families residing in Lebanese territory, particularly in Iklim al Kharoub – Mount Lebanon and Arsal – Bekaa regions. These families have been adversely impacted by the war in Lebanon, and the project involved the distribution of essential items such as food, hygiene kits, blankets, and mattresses.

Seasonal Food Programme:

UKIM runs various seasonal food programs throughout the year, focusing on the most vulnerable populations worldwide and fostering happiness and unity within many communities. This year (202324), UKIM supported the most vulnerable people in 18 countries

In 2023-24, UKIM successfully implemented the Qurbani 2023 program, facilitating the distribution of 582 sheep and goats and 776 bulls and cows. This initiative reflects our commitment to supporting our prioritized demographics, including impoverished, elderly, disabled, and widowed individuals, among

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others. Our Qurbani efforts reached three key regions: The Middle East, Asia, and Africa, our operations covered Lebanon, Palestine, India, Pakistan, Sri Lanka, Bangladesh, Kashmir (administered by India and Pakistan), Sierra Leone, Ethiopia, and Djibouti. As a result of our efforts, a total of 237,800 beneficiaries were positively impacted through the Qurbani project.

Winter Relief Response:

Over the past year, UKIM has implemented winter relief projects across different countries: Bangladesh, Palestine, Pakistan, Lebanon, and Morocco. These efforts have successfully reached more than 25,640 individuals, providing essential winter supplies like cooking and heating fuel, warm clothing, and blankets to help them endure the harsh winter conditions.

Education

UKIM projects aim to address specific educational needs and challenges, often targeting marginalised or disadvantaged communities. Our aim is to improve access to quality education, enhance learning outcomes, or support the overall development of educational systems and resources.

Livelihood:

UKIM Livelihood programs aim to enhance people’s capacity to generate income, improve their standard of living and become self-reliant, especially in vulnerable or disadvantaged populations. During 2023-24, UKIM initiated the following livelihood projects:

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Beekeeping: UKIM launched a project in Kashmir, Pakistan, aimed at supporting 200 beneficiaries by offering technical training in honeybee farming. The project equipped participants with the necessary tools, techniques, and ongoing technical support to help them establish their own beekeeping businesses.

Kitchen Gardening: The aim of this project was to enable communities to strengthen and sustain their livelihoods with better income through kitchen gardening. This initiative benefitted 100 families in flood affected areas of Bahawalpur Pakistan.

Distribution of Sewing Machines: The aim of the project was to provide vocational skills and enterprise development training to women through distribution of sewing machines and kits to 160 women in Pakistan. Each woman received 30 days training (3 hours a day) that was organized into two batches (30 women each batch) an introduction on sewing machine, basic sewing techniques, pattern reading, tools used for cutting, basic principles of cutting and safety measures.

Healthcare:

Healthcare is essential because it directly impacts individual and community well-being by ensuring that people can maintain good health and access timely medical care when needed. During 2023-24, UKIM took following healthcare initiatives:

Mobile Health Clinics: In 2023-24, UKIM delivered healthcare services through free medical camps via a mobile health unit, operating regularly and in flood-affected areas. This initiative benefitted over 51,000 residents in Sindh, Pakistan.

Distribution of Wheelchairs: UKIM distributed 60 wheelchairs to the most deserving individuals in the flood-affected areas of District Dadu, Sindh, Pakistan.

Cataract Surgeries: The project targets eye care needs in Punjab and Khyber Pakhtunkhwa (KPK), Pakistan aiming to screen 5,000 people and conduct 500 cataract surgeries. Through eye camps, individuals received screenings, consultations, glasses, and medications. Cataract patients accessed surgical services via mobile or static operating theatres. This initiative also supported national Sustainable Development Goals.

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Water, Sanitation and Hygiene:

  1. Access to safe and clean water is a basic human right and is vital for drinking, cooking, hygiene, agriculture, and overall health. UKIM water-related projects often focus on clean water supply, water conservation and infrastructure development. In Year 2023-23, UKIM:

  2. Installed 440 hand pumps to enhance access to clean drinking water, benefiting over 5,000 people each day in Bangladesh, Pakistan and Sri Lanka.

  3. Upgraded 26 water wells by installing solar systems and submersible motors, supplying clean drinking water to more than 13,000 people daily in Pakistan and Sierra Leone.

  4. Built 3 water filtration plants to deliver clean drinking water to 3,000 people each day in Pakistan.

  5. Solar Water Well Project initiated in December 2023, aimed to enhance access to clean water for communities facing drought and water shortages. Four solar water wells were installed, benefiting approximately 200 families.

Community Development Centres:

A Masjid (Mosque) can play a significant role as a Community Development Centre, extending its traditional religious functions to serve as a hub for holistic community growth and empowerment. Historically, mosques have not only been places of worship but also centres for education, social welfare, and community development, providing vital services to the local population. UKIM constructed or rehabilitated 26 masjids in Pakistan, Bangladesh and Sierra Leone during 2023-24.

Children Programme

Over the last financial year, UKIM has carried out noticeably impactful work within its child focused programmes that have reached far and wide around the globe covering countries such as Pakistan, Bangladesh and many more. The programmes implemented have covered some much-required areas such as Hifz Quran, Orphan Sponsorship, children with disabilities, adopt a Family and Educate a child. Some appreciable examples of the specific work and impact include (but not limited to): Over 300 children attended the Hifz Programme with over 50 students completing their Hifz in the last year.

Orphan Sponsorship programme in Pakistan, Bangladesh, Sierre Leone and Syrian refugees successfully improved the lives of over 320 children and their families through food security, physical and mental health care, educational follow-ups, Eid gifts, clothes and the proper nutritional intake. 14 children with disabilities to date have been successfully rehabilitated through education, social inclusion, and social cohesion, with many of them being mainstreamed, partially or fully included in regular classes. Our support has positively impacted vulnerable children and orphaned families of 700 and other indirect beneficiaries with the help of their donors, it is evident that UKIM has managed to bring about a positive impact to children across the world.

The future plans aim to continue providing aid those who are in need worldwide.

UK Programmes

Headlines.

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Masjid Improvement and Benchmarking:

UKIM has created a dedicated WhatsApp group for Masjid Presidents, which has greatly enhanced communication. Visits were conducted to York, Bradford, Rochdale, Glasgow, Sheffield, and Milton Keynes masjids. While most benchmarking forms have been submitted, Bradford and Glasgow are still pending. Notable support was provided to Sheffield Masjid in liaising with Sheffield Council, including recommendations to commission an architect and avoid changes to the sports court and trees.

The organisation addressed reporting issues in the South and Midland Zones by engaging with zonal presidents and suggesting benchmarking as a standing agenda item at meetings, with support from the UK Programme Lead. Videos were created to simplify the benchmarking process, and internal tracking systems, including spreadsheets and leadership lists, were updated. Collaboration with marketing led to the design of posters and a pop-up banner for the National Convention. UKIM has worked to strengthen governance and safeguard processes. Trustees received assistance in responding to Charity Commission queries, showcasing training and foresight to address potential complaints. Efforts are underway to develop a Disability Strategy and SEN madrasah at Rochdale Blue (Neeli Masjid), along with a social enterprise project.

UKIM continues to advocate for improved benchmarking and has provided targeted advice to Midland Zone leadership on property procurement. Furthermore, interviews were conducted for a key position, with the appointment pending.

Future work:

Key priorities include continuing benchmarking across all masjids, rolling out IHASCO to all teams including trustees and advancing the Disability Strategy and SEN madrasah project at Rochdale Blue (Neeli Masjid).

Seminars and Workshops

Introduction to Islamic Medicine: Managed registrations, invites, reminders and hosted a delivered by Aiman Attar of Nurusunna, ensuring smooth delivery and participant engagement. Over 20 sisters attended with excellent feedback received and a request for more workshops.

Imam CPD Sessions:

Organised and managed two sessions:

Mental Health, Wellbeing, and Islam sessions aimed to enhance understanding of mental health from an Islamic perspective. Created and managed the registration forms, worked with Marketing to create the poster, sent reminders and handled the online invitation process.

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Free Speech and Censorship sessions included the creation and management of registration forms, working closely with marketing to design posters, sending reminders for the session, and handling the online invitation process.

Pre-Marriage Train the Trainer Course:

Negotiated final content for this course with the speaker, Afshan Khan of Sukoon Healing. The content underwent several revisions to ensure quality. Managed all logistics related to the session, including coordinating book links and issuing joining instructions.

Visit My Mosque (MCB Initiative)

Developed a registration form for all UKIM Masjids participating in the national ‘Visit My Mosque’ Open Day initiative led by the Muslim Council of Britain (MCB). Distributed resource packs to mosque presidents, which included templates and guidance to ensure the successful hosting of open day events.

iHasco Platform Registration

Created registration forms to capture details of key staff and members from various departments for enrolment into the iHasco platform for online training. Departments included:

Convention Contributions

Authored two articles for the UKIM Convention Magazine, providing updates for the Dawah & Outreach and Sisters Departments. Managed the registration process and sent joining instructions for meetings between the Head of UKIM Programmes and mosque presidents during the convention. Collaborated with marketing on the creation of eight posters showcasing key benchmarking insights.

Sisters Department

Collaborated with marketing team to design a series of posters for New Muslim Care courses. Managed queries and communications related to the Sisters’ Retreat, ensuring smooth coordination. Finalised course content for the pre-marriage ‘Train the Trainer’ session. Oversaw the ordering and sale of merchandise associated with Sisters’ Department activities. Worked with the marketing and communications team to finalise a video showcasing an overview of the Sisters’ Department.

General Activities

Regularly contributed articles to the organisational newsletter, providing updates on various activities across departments.

Conducted research on local regulations and prepared documents for planning permission related to the Sheffield Wybourn Centre.

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FIKRR Activities Report

Research and Content Development

The FIKRR team has been actively engaged in research and content creation. Dr Alamgir and Dr Brodard have written articles for the journal and website blog. A comprehensive content strategy for the website has been developed, along with a calendar for publication outputs. The website itself has been designed, and the journal features contributions from both staff and external academics and activists.

Imam CPD Training Days

Several professional development training days have been organised for Imams across three zones, with topics such as Divorce and Custody, Social Enterprise Development & Masjid, and Mental Health, Wellbeing & Islam. A session focusing on the challenges faced by Imams in Europe was also conducted. A total of 84 participants attended the training sessions.

UKIM Reading Group

The UKIM Reading Group continues to host monthly sessions, with around 100 people registered. However, turnout for these sessions has been relatively low.

Convention Contributions

The team played a significant role in the UKIM Convention. They helped secure speakers, designed and delivered workshops, prepared lecture titles, and contributed to the writing and editing of the convention brochure. Additionally, they moderated a panel discussion during the event.

Public Engagement Activities

Dr Sadek has been instrumental in organising public engagement initiatives. He co-organised and moderated a panel discussion at Khizra Masjid, which attracted around 100 attendees. He has organised events, including lectures featuring Sayeeda Warsi, which was attended by around 200 people and an event with Prof Tariq Modood.

He has also received invitations to significant events, including an international conference organised by the British Board of Imams and Scholars, a discussion on global manifestations of Islamophobia by IHRC in December, and an MCB consultation meeting on countering Islamophobia in November.

Collaboration with European Islamic Centre Team

The team is actively working on planning and delivering joint courses in partnership with the EIC team to enhance educational outreach and training.

UKIM Education: Summary of Activities

UKIM Exams, Books and Website

The transition of all book and exam fee orders to the UKIM Books website has streamlined the ordering process, making it more efficient for users. Additionally, Stripe payment integration has been successfully implemented, allowing for seamless payment processing. This ensures that all payments are made in advance before dispatch, eliminating the need to follow up on payments or request proof, and improving the overall order confirmation process.

The integration of PayPal is currently in progress. The previously unused PayPal account, which was once used by Dawah, will be unlocked by the IT team. Once accessible, PayPal will be integrated into the website to provide an additional payment option for users.

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The automatic email confirmations generated by Stripe have significantly improved the management of book orders and exam fees. These confirmations enable immediate dispatch of books upon payment, enhancing efficiency and preventing delays in the order process.

Website Performance:

During this period, 22 products were made available, and a total of 3,853 items were sold, generating net sales of £20,641 across 60 orders.

In terms of exams and participation, the Madrasah network now operates 34 branches. The number of branches participating in exams saw significant growth, rising from 14 in 2023 to 28 in 2024, thanks to improved communication and pre-planning. The number of pupil entries also increased from 1,500 to 3,500, with approximately £20,000 in exam fees collected, resulting in a net gain of £8,000 after expenses.

To streamline the exam process, online marksheets were introduced, allowing exam results to be marked and delivered to markers efficiently. All exams were marked, and results were provided via online marksheets by the end of August. Additionally, exam invoices were sent to branches that could not pay by card, with follow-up actions taken to ensure timely payment collection. As a result, fees were successfully collected from 26 out of the 28 participating branches.

National Quran Competition

The 2023 National Quran Competition was a resounding success. It was recorded, edited, and broadcast on the Islam Channel on 29th May 2024, reaching a broad audience. Additionally, the competition was made accessible via YouTube.

Preparations for the 2024 National Quran Competition were equally meticulous. Independent judges, including professional male and female Qaris, were selected to ensure impartiality and expertise. Despite the competition coinciding with exam dates, it was organised successfully. Feedback highlighted the need for additional preparation time for branches to enhance their readiness in future events.

Fifteen branches participated in the competition, representing a wide geographical spread:

  1. Aisha Mosque and Islamic Centre (Walsall - WS1 4HJ)

  2. Alhira Mosque (Bradford - BD5 9NE)

  3. European Islamic Centre (Oldham - OL8 4LN)

  4. Hull Mosque & Islamic Centre (Hull - HU3 1PR)

  5. Ibrahim Mosque (Burnley - BB10 1AX)

  6. Ibrahim Mosque (London - E13 9EU)

  7. Khizra Mosque (Manchester North - M8 0PF)

  8. Madina Masjid (Nelson - BB9 7NB)

  9. Madina Mosque (Keighley - BD21 2QQ)

  10. Madina Mosque (Wolverhampton - WV1 4BB)

  11. Neeli Mosque (Rochdale - OL11 1JL)

  12. Noor E Islam (Oldham - OL9 7AP)

  13. Paigham Islam Mosque (Birmingham South - B11 4LB)

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14. Southend Mosque (Southend-on-Sea - SS0 9DH)

15. York Mosque (York - YO10 3EN)

The winners’ presentation was greatly improved this year. A Python script integrated with an online Excel sheet was used to compile winners' data into PowerPoint within minutes, significantly reducing wait times during the awards ceremony—a notable improvement compared to previous years.

Microsoft 365 Accounts and SharePoint Integration

Account Creation

We have established Microsoft 365 accounts for all headteachers to improve integration and access to shared resources through SharePoint.

Staff Access

Resource Uploads

Training Focus

Training focused on:

iHasco Platform Implementation

The introduction of the iHasco platform marks a significant step in professional development and compliance. Approved by the Trustees, the platform supports:

Headteachers, teachers, Sister Section Leadership Team, Mosque Treasurers, Presidents, and other UKIM personnel.

iHasco – User Management & Organisational Development

The iHasco platform offers numerous features beneficial for user management and organisational development. The “Signed Document” feature doubles as a contract signing tool, while “Self-Serve” facilitates tracking progress on courses and services, such as benchmarking. Additional features like “Single Sign-On” and “Logo Branding” allow seamless login using UKIM email credentials, creating a branded, personalised experience.

The “Segments” feature enables the creation of specific groups, such as headteachers, presidents, North Zone representatives, or volunteers, with dedicated administrators assigned to each group. This

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functionality also allows for emailing and messaging these groups without additional costs. By leveraging these features strategically, iHasco can enhance not only UKIM's training capabilities but also its overall organisational management and development.

Education Future Plans, Including Income-Generating Initiatives:

iSyllabus Introduction: To retain secondary pupils, UKIM is proposing the integration of iSyllabus GCSE Islamic Studies into the curriculum. Identified madrasahs stand to benefit from this curriculum enhancement, and branches have been engaged to share resources, such as iSyllabus Book 2, for better understanding and preparation.

Examination Centre Status and GCSE Subjects:

Efforts are underway to transform the European Islamic Centre into an approved GCSE examination centre, offering key subjects like English, Maths, Science, and potentially Arabic. This initiative would serve UKIM’s 5,000 pupils nationwide, yielding multiple benefits:

Improved educational outcomes for students:

Additional income for UKIM. Support for Islamic and secular education integration. Enhanced organisational reputation and growth opportunities. Financial projections are promising. With 500 students taking five subjects each, estimated revenue could reach £250,000. After covering exam board fees, a net profit of £125,000 is anticipated, representing a 50% profit margin. This initiative not only offers students a supportive environment for academic success but also creates a sustainable income stream for UKIM.

Teacher Training & Development.

UKIM proposes offering Level 3, 4, and 5 Education & Training Certificates in partnership with Focus Awards, an organisation known for affordable, high-quality accreditation. The key aspects of this initiative include:

Course Fees: £750 per participant, with Level 5 costing approximately £350.

Benefits:

This initiative provides a dual benefit of enhancing teacher competence and generating additional revenue for UKIM.

Marketing and Fundraising

UKIM has successfully carried out six live appeals across three television channels, significantly raising awareness of our causes and driving donations. These live broadcasts enabled us to reach a wider audience and engage more effectively with potential supporters. Additionally, 15 advertisement

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campaigns were executed across three mainstream community TV channels, promoting UKIM’s initiatives and further expanding our reach.

UKIM Social media presence

To enhance our digital presence, we utilised various platforms, including the UKIM website, Google marketing, email campaigns, SMS giving, and crowdfunding platforms. These digital efforts strengthened engagement, encouraged donations, and maintained a strong connection with our donor base.

Furthermore, we provided UKIM branches with print materials and detailed project briefs, enabling them to better communicate and advocate for UKIM Relief initiatives. These branches played a key role in fundraising and outreach, helping to spread awareness and rally support for our causes.

Print media was also strategically used to engage supporters, particularly through post-appeal communications and remarketing efforts, which helped foster ongoing relationships with donors. In terms of donation processing, over 1,000 online donations were processed, highlighting the efficiency of our web-based donation platform, which has been instrumental in streamlining the donation process. We also engaged with donors by providing feedback on specific projects such as WASH, community centres, and schools. Opportunities were explored for donors to sponsor new projects in memory of loved ones, fostering deeper connections and continued support.

At the UKIM Annual Convention, we successfully showcased our fundraising initiatives, promoting our projects and generating interest from donors. We also reached out to influencers and advocates who helped amplify our fundraising efforts, expanding our reach even further. Alongside these efforts, we began planning for the Lebanon Emergency Appeal, coordinating with the Events Teams to ensure the campaign would be impactful and well-executed.

Planning for the future

Looking ahead UKIM plans to hold between six and nine live TV appeals across three major channels, with a focus on the Emergency and Winter Appeals. Additionally, we will launch Friday appeals in UKIM branches, supported by visual materials such as posters. Digital and social media outreach will remain a priority, utilising platforms like Google AdWords, Facebook, YouTube, SMS, and email marketing to engage a wider audience and enhance fundraising efforts. Crowdfunding initiatives through platforms like LaunchGood will also be ramped up, with dedicated marketing packages to increase visibility and support.

Our donor engagement strategy will include implementing feedback and remarketing tactics to build stronger relationships with existing donors. We will also streamline donation processing and acknowledgment systems to ensure a more seamless experience for contributors. Creative assets will be designed for the Lebanon Emergency, Gaza Emergency, and Winter Emergency campaigns to enhance their appeal across digital platforms.

Looking ahead to Ramadan 2025, early planning will begin, including asset development, TV ad production, and creative design for the Welcome Ramadan and Zakat initiatives. Field trips to Pakistan, Bangladesh, and Sierra Leone will be organised to capture compelling media for Ramadan campaigns, showcasing UKIM’s impact on the ground. After the Winter Appeal, we will engage donors by sending personalised calendars, keeping them connected to UKIM’s ongoing work.

19

We will develop strategies for UKIM advertising campaigns for six TV channels and one radio station as part of our Winter Emergency media campaign. In addition, plans are in place for two major fundraising events (Nasheed Tour, Qari Tour, or Emergency Tour) across five cities, further promoting our fundraising efforts. Finally, UKIM will engage with non-UKIM mosques, requesting opportunities to raise funds during mosque gatherings as part of our broader fundraising and branding strategy.

We remain committed to our mission and deeply appreciate the continued support of our trustees as we work towards these exciting plans and initiatives in the coming months.

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England, Wales and Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, Charities and Trustees Investments (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' annual report was approved on 16 December 2024 and signed on behalf of the board of trustees by:

Mr Mohammad Sajjad Amin General Secretary

20

Independent Auditor's Report to the Members of UK Islamic Mission Year ended 31 March 2024

Audit Opinion

We have audited the financial statements of UK Islamic Mission (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

21

Independent Auditor's Report to the Members of UK Islamic Mission Year ended 31 March 2024

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 (as amended), and the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

22

Independent Auditor's Report to the Members of UK Islamic Mission Year ended 31 March 2024

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Our approach was as follows:

To identify risks of material misstatement due to irregularities we assessed events or conditions that could lead to irregularities. Our risk assessment procedures included:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience through discussion with the Trustees and management (as required by auditing standards). We communicated with the Trustees and management the policies and procedures in place regarding compliance with laws and regulations.

We identified the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities Act 2011, The Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (the SORP), and relevant tax legislation.

In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty. We identified the following areas as those most likely to have such an effect: health and safety and employment law, recognising the nature of the charity’s activities and its legal form. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the Trustees and management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit cannot be relied upon to detect that breach.

23

Independent Auditor's Report to the Members of UK Islamic Mission Year ended 31 March 2024

We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Based on the results of our risk assessment we designed our audit procedures to identify noncompliance with such laws and regulations identified above and assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. The engagement partner considers the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.

There is a presumed risk that revenue may be misstated due to the improper recognition of revenue. To address this risk, we obtained an understanding of the company’s revenue recognition policies and compared these to the accounting standard, performed a walkthrough to confirm our understanding of the processes and controls through which the charity records, processes and reports revenue transactions. We tested a sample of revenue transactions to supporting evidence and tested, on a sample basis, revenue related balances in the balance sheet.

As required by auditing standards and considering possible pressures to meet internal key performance indicators and our knowledge of the control environment, we performed procedures to address the risk of management override of controls and the risk of fraudulent revenue recognition, in particular the risk that income is recorded in the incorrect accounting period and the risk that management may be able to make inappropriate accounting entries.

We assessed the risks of material misstatement in respect of fraud as follows:

Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud, including, designing appropriate audit procedures, including:

We considered the extent to which the audit was considered capable of detecting irregularities: There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forger or intentional misrepresentation, or through collusion.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

24

Independent Auditor's Report to the Members of UK Islamic Mission Year ended 31 March 2024

evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not

detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the FRC’s website at: https://www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditorsresponsibilities-for-the-audit/.

This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008 and regulations made under section 154 of that Act, and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

24 Wandsworth Road London SW8 2JW

Stephen McAlpine, Senior statutory auditor

SBM Associates Limited Chartered accountants & statutory auditor

27 January 2025

25

UK Islamic Mission – Financial Statements & Trustee’s report

Notes
Unrestricted
Funds
Restricted Funds
Total Funds
Income and endowments
Donations and Legacies
1
£11,398,612
£5,509,332
£16,907,944
Other trading income
2
£7,527
£0
£7,527
Investment Income
3
£862,701
£0
£862,701
Other income
4
£287,657
£0
£287,657
Total Income
£12,556,497
£5,509,332
£18,065,829
Total Expenditure
5
£6,052,676
£6,161,570
£12,214,245
Net gains on investments
6
£149,000
£0
£149,000
Net Income
£6,652,822
(£652,238)
£6,000,584
Transfers between funds
7
£4,199,113
(£4,199,113)
£0
Net movement in funds
£10,851,935
(£4,851,351)
£6,000,584
Reconciliation of funds
Total funds brought forward
£35,243,614
£8,095,824
£43,339,438
Total funds carried forward
£46,095,549
£3,244,473
£49,340,022
Statement of Financial Activities
2024		 2023
Total Funds
£12,729,837
£15,789
£816,480
£0
£13,562,106
£9,087,115
£243,798
£4,718,789
£0
£4,718,789
£38,620,649
£43,339,438

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

26

UK Islamic Mission – Financial Statements & Trustee’s report

Notes
Fixed Assets
Intangible assets
£0
Tangible assets
8
£29,934,146
Investments
9
£4,353,474
Total
£34,287,619
Current Assets
Stock
10
£0
Debtors
11
£1,510,979
Cash at Bank and in Hand
12
£15,705,286
Total
£17,216,265
Creditors:Due within one year
13
£2,163,862
Net Current Assets
£15,052,403
Total Assets
less current liabilities
£49,340,022
Net Assets
14
£49,340,022
Funds of the Charity
15
Unrestricted Funds
£46,095,549
Restricted Funds
£3,244,473
Total Charity Funds
£49,340,022
Statements of Financial Position
2024		 2023
£0
£28,792,366
£3,500,000
£32,292,366
£70,000
£944,625
£11,737,499
£12,752,124
£1,705,051
£11,047,073
£43,339,439
£43,339,439
£35,243,614
£8,095,824
£43,339,438

These financial statements were approved by the board of trustees and authorised for issue on 26th December 2024, and are signed on behalf of the board by:

Mr. Tayyab Raza Khan Trustee - National Treasurer

27

UK Islamic Mission – Financial Statements & Trustee’s report

Statement of Cash Flow

Cash flows from operating activities
Net Income
Adjustments for:
Depreciation of tangible fixed assets
Amortisation of intangible assets
Net gains on investments
Dividends, interest and rents from investments
Stocks
Trade and other debtors
Trade and other creditors
Cash generated from operations
Net cash from operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Purchase of tangible assets
Disposal of tangible assets
Purchases of other investments
Net cash used in investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£6,000,584
£878,856
£0
(£149,000)
(£862,701)
£70,000
(£566,354)
£458,811
£5,830,196
£5,830,196
£862,701
(£2,089,962)
£69,327
(£704,474)
(£1,862,409)
£3,967,787
£11,737,499
£15,705,286		 2023
£4,718,789
£819,693
£16,440
(£243,798)
(£816,160)
£3,500
£99,971
£23,605
£4,622,040
£4,622,040
£816,160
(£1,666,093)
£0
£0
(£849,933)
£3,772,107
£7,965,392
£11,737,499

28

General information

The charity is a public benefit entity and a registered charity in England, Wales and Scotland and is unincorporated. The address of the principal office is 202 North Gower Street, London, NW1 2LY.

Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).

Accounting policies

Debtors

Debtors are stated at their net realisable value after allowing for bad and doubtful debts.

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity rounded to the nearest whole pound.

Comparative View

Due to the redesign of the UKIM fund reporting and restructure of the chart of accounts and subsequent migration to a new financial software it was not possible to provide comparative view for some of the analysis hence, these have been omitted and will be included in the next financial year.

Cash and bank

Cash in hand includes all cash balances held by the branches as at the year end to be deposited into the bank just after the year end or to be used to cash payments. Whilst bank balance includes all balances held in all the bank accounts by all the branches as at the year end.

Going concern

There are no material uncertainties about the charity's ability to continue as a going concern.

Creditors

All creditors are stated at their contractually agreed value in the financial statements.

29

Realised gains and losses

All investments properties are valued by the trustees at the balance sheet date to their fair value. All realised gains and losses are accounted for in the financial year in the statement of financial activities.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Examples of these include the depreciation policy, the allocation of projects costs to the different funds.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Non- distributable reserves are revaluation surpluses arising on the valuation of investment properties not sold.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

The following specific policies are applied to particular categories of income:

30

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

activities that further its charitable aims for the benefit of its beneficiaries, including those

support costs and costs relating to the governance of the charity apportioned to charitable

activities.

charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Intangible assets

Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Development Costs - 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All fixed assets are initially recorded at cost. The Company, UK Islamic Mission, acts as a titleholder to the properties on behalf of this charity, and that the company acknowledges without reservation that the properties are beneficially owned by UK Islamic Mission charity.

31

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold buildings - 2% straight line

Long leasehold - 1% straight line

Fixtures & Equipment - 15% reducing balance

Motor Vehicles - 25% straight line

Investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued by the trustees using an online valuation tool to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

32

UK Islamic Mission – Financial Statements & Trustee’s report

----- Start of picture text -----
Statement of Financial Activities
2023
Unrestricted Funds Restricted Funds Total Funds
Income and endowments
Donations and Legacies £6,797,705 £5,932,132 £12,729,837
Other trading income £15,789 £0 £15,789
Investment Income £816,480 £0 £816,480
Total Income £7,629,974 £5,932,132 £13,562,106
Total Expenditure (£5,154,272) (£3,932,843) (£9,087,115)
Net gains on investments £243,798 £0 £243,798
Net Income £2,719,500 £1,999,289 £4,718,789
Transfers between funds (£96,322) £96,322 £0
Net movement in funds £2,623,178 £2,095,611 £4,718,789
Reconciliation of funds
Total funds brought forward £32,620,436 £6,000,213 £38,620,649
Total funds carried forward £35,243,614 £8,095,824 £43,339,438
----- End of picture text -----

33

UK Islamic Mission – Financial Statements & Trustee’s report

Income
1. Donations and Legacies
International Programmes & Aid
UK Programmes & Aid
Sponsorship / Profile Based Programmes
General Donations
Ramadan & Qurbani Appeals
2. Other Trading Activities
Events
3. Investment Income
Income from Investment Properties
Venue Hire Income
Bank Interest
4. Other Income
Other Income
Total Income		 Unrestricted
Funds
Restricted Funds
Total Funds
£6,966
£3,882,970
£3,889,936
£0
£295,800
£295,800
£0
£827,776
£827,776
£11,391,646
£12,907
£11,404,553
£0
£489,879
£489,879
£11,398,612
£5,509,332
£16,907,944
£7,527
£0
£7,527
£225,385
£0
£225,385
£633,675
£0
£633,675
£3,641
£0
£3,641
£287,657
£0
£287,657
£12,556,497
£5,509,332
£18,065,829
Income
2024

34

UK Islamic Mission – Financial Statements & Trustee’s report

Expenditure

5. Expenditure on charitable activities
Fundraising Cost
Charitable Spend
Total Expenditure
Expenditure on charitable activities
Fundraising Cost
Charitable Spend
Total Expenditure		 Unrestricted
Funds
Restricted Funds
Total Funds
£376,879
£1,207,538
£1,584,417
£5,675,796
£4,954,032
£10,629,828
£6,052,676
£6,161,570
£12,214,245
£2,034,258
£974,836
£3,009,094
£3,120,014
£2,958,007
£6,078,021
£5,154,272
£3,932,843
£9,087,115
2023
2024

35

UK Islamic Mission – Financial Statements & Trustee’s report

Gains on investment, Depreciation & Staff Cost

6. Net gains on Investment
Gains / Losses on Investment Property
Net Income
Net income is stated after charging/(crediting):
Amortisation of intangible assets
Depreciation of fixed assets
Audit Fees		 2024
2023
£149,000
£243,798
£0
£16,440
£878,856
£819,693
£35,728
£12,500

Staff Cost

The total staff costs and employee benefits for the reporting period are analysed as follows:

Salaries, Tax, Social security
Pension
Other Employee Benefits		 £2,973,671
£2,269,960
£16,348
£24,778
£3,429
£7,632
£2,993,448
£2,302,370

The average head count of employees during the year was 89 (2023: 86). The average number of full-time equivalent employees during the year is analysed as follows:

Number of Staff - Teachers
Number of Staff - Admin
Number of Staff - Imams		 40
40
29
26
20
20
89
86

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

Trustee remuneration & expenses

Travel and Accommodation expenses

£9,530 £16,142

No remuneration or other benefits from employment with the charity or a related entity were paid by the charity.

36

UK Islamic Mission – Financial Statements & Trustee’s report

7. Transfer Between Funds

Restricted Funds Unrestricted Funds Transfers between funds (£4,199,113) £4,199,113

As a result of a deeper dive into historic allocation of funds the finance team discovered that historically a significant amount of funds collected at the UKIM mosques were wrongly classed as "Relief" however, these funds were given by Donors for the betterment, improvement and running of the UKIM mosques. £4,199,113 was identified as funds wrongly allocated hence, have now been corrected after the review and approval of the Trustees.

Fixed Assets

----- Start of picture text -----
|||||| |---|---|---|---|---| |Land & Building|Fixture & Fittings|Motor Vehicle|Total| |8. Tangible Fixed Assets|2024| |Value brought forward|£36,113,443|£2,962,138|£4,230|£39,079,811| |Additions|£1,685,575|£399,588|£4,800|£2,089,962| |Disposals|(£116,198)|(£4,230)|(£120,428)| |Depreciation (Accumulated)|(£7,877,580)|(£2,405,635)|(£4,230)|(£10,287,445)| |Depreciation (Charge)|(£759,057)|(£119,678)|(£120)|(£878,856)| |Depreciation (Disposal)|£46,871|£4,230|£51,101| |Carrying Amount|£29,093,053|£836,412|£4,680|£29,934,146|

----- End of picture text -----

----- Start of picture text -----
||| |---|---| |9. Investment Property| |Value brought forward|£3,500,000| |Additions|£704,474| |Fair value movement|£149,000| |Value carried forward|£4,353,474|

----- End of picture text -----

9. Investment Property

37

UK Islamic Mission – Financial Statements & Trustee’s report

Tangible Fixed Assets
Value brought forward
Additions
Depreciation(Accumulated)
Depreciation(Charge)
Depreciation(Eliminated on Disposal)
Carrying Amount
Value brought forward
Additions
Fair value movement
Value carried forward
Investment Property		 Land & Building Fixture & Fittings
Motor Vehicle
£34,776,755
£2,632,733
£4,230
£1,336,687
£329,406
£0
(£7,156,094)
(£2,307,428)
(£4,230)
(£721,486)
(£98,207)
£0
£0
£0
£0
£28,235,862
£556,504
£0
Fixed Assets
2023		 Total
£37,413,718
£1,666,093
(£9,467,752)
(£819,693)
£0
£28,792,366
£3,256,202
£0
£243,798
£3,500,000

38

UK Islamic Mission – Financial Statements & Trustee’s report

Debtors & Creditors

10. Stock
Stock of £70,000 was written off due to obsolete stock.
11. Debtors
Trade Debtors
Inter Branch Debtors
Loans Given
Accrued Income
Gift Aid
Total Debtors		 2024
2023
£0
£70,000
£2,491
£0
£6,071
£0
£134,000
£57,952
£472,818
£0
£895,600
£886,673
£1,510,979
£944,625

Debtors are stated at their net realisable value after allowing for bad and doubtful debts.

12. Cash at Bank and in Hand

Cash in hand includes all cash balances held by the branches as at the year end to be deposited into the bank just after the year end or to be used to cash payments. Whilst bank balance includes all balances held in all the bank accounts by all the branches as at the year end.

13. Creditors
Trade Creditors
Credit Card
Social Security
Loans (Short-Term)
Accruals
Total Creditors		 £783,497
£0
£0
£13,208
£22,707
£12,255
£1,292,633
£1,656,433
£65,025
£23,155
£2,163,862
£1,705,051

All creditors are stated at their contractually agreed value in the financial statements.

39

UK Islamic Mission – Financial Statements & Trustee’s report

14. Analysis of Net Assets

2022-23
Intangible Assets
Tangible Fixed Assets
Investments
Current Assets
Creditors Less Than 1 Year
Net Assets
Intangible Assets
Tangible Fixed Assets
Investments
Current Assets
Creditors Less Than 1 Year
Net Assets		 Total Funds
£0
£28,792,365
£3,500,000
£12,752,124
(£1,705,051)
£43,339,438
£0
£29,934,146
£4,353,474
£17,216,265
(£2,163,862)
£49,340,022
Analysis of Change in net Debt
Cash and cash equivalents		 1st April 2023
Cash flow
31st March 2024
£11,737,499
£3,967,787
£15,705,286

Related parties

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.

40

UK Islamic Mission – Financial Statements & Trustee’s report

Funds 2022-23
General Funds
(Previous Year)
All Restricted Funds
(Previous Year)
Total Funds
15. Funds 2023-24
General Funds
(This Year)
All Restricted Funds
(This year)
Total Funds		 Funds Brought
Forward
Income
Expenditure
Transfers
Gains & Losses
Funds Carried
Forward
£32,620,436
£7,629,974
(£5,154,272)
(£96,322)
£243,798
£35,243,614
£6,000,213
£5,932,132
(£3,932,843)
£96,322
£0
£8,095,824
£38,620,649
£13,562,106
(£9,087,115)
£0
£243,798
£43,339,438
£35,243,614
£12,556,497
(£6,052,676)
£4,199,113
£149,000
£46,095,549
£8,095,824
£5,509,332
(£6,161,570)
(£4,199,113)
£0
£3,244,473
£43,339,438
£18,065,829
(£12,214,245)
£0
£149,000
£49,340,022
Analysis of Charitable Funds

41