**CHARITY REGISTRATION NUMBER: 257559**
## **Islamic Centre Leicester Financial Statements**
**30 April 2024**
## **VERSANT ASSOCIATES LLP**
Chartered accountants & statutory auditor The Old Mill, 9 Soar Lane Leicester LE3 5DE
## **Islamic Centre Leicester**
## **Financial Statements**
## **Year ended 30 April 2024**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent auditor's report to the members|**11**|
|Statement of financial activities|**15**|
|Statement of financial position|**16**|
|Statement of cash flows|**17**|
|Notes to the financial statements|**18**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**27**|
|Notes to the detailed statement of financial activities|**29**|
**Islamic Centre Leicester**
**Trustees' Annual Report**
**Year ended 30 April 2024**
The trustees present their report and the financial statements of the charity for the year ended 30 April 2024.
## **Reference and administrative details**
**Registered charity name** Islamic Centre Leicester **Charity registration number** 257559 **Principal office** 2A Sutherland Street Leicester LE2 1DS **The trustees** Mr A A Patel (Appointed 23 August 2024) Mr A W Bajwa Mr M Hafeez Mr M Malik Mr H Jussab (P assed away on 25th June 2024 ) **Chairman** Abdul Waheed Bajwa **Auditor** Versant Associates LLP Chartered accountants & statutory auditor The Old Mill, 9 Soar Lane Leicester LE3 5DE **Bankers** National Westminster Bank North Evington Branch 121A East Park Road Leicester LE5 4NY Al Rayan Bank 24a Calthorpe Road Edgbaston B15 1RP
**1**
## **Islamic Centre Leicester**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
## **Structure, governance and management**
## **Governing document**
Islamic Centre Leicester is an unincorporated charity controlled by its governing document, 'The Constitution of the Islamic Centre Leicester'. The constitution was adapted on 3 November 1968 and subsequently amended on 12 October 1986. The charity is registered with The Charity Commission under registration no 257559.
## **Ownership structure**
The Trustees hold the Trust Fund and its income upon trust to apply them for any charitable purposes for the benefit of the community.
## **Management Structure**
The Trustees meet periodically to administer the charity in line with their Constitution.
## **Objectives and activities**
The objectives of the charity are as per its trust deed. The main activities of the charity during the year were providing places for worship for Muslims and promoting, improving, developing and maintaining public education in and appreciation of Islamic values and ethos.
The aims of the Charity are to:
1. To promote the spiritual teachings of the Islamic religion and the maintenance of the doctrines on which it rests and of the observations that serve to promote and manifest it especially amongst the Muslims residing in Leicester and in the county of Leicestershire.
2. Adopt ways and means in order to improve, protect and promote the Religious, Educational, Social and Cultural interests of all Muslims living within the local area.
3. To serve as a Centre of Learning and to teach the principles of the Islamic Faith in accordance with the Sunni Path.
4. To actively promote and provide facilities and activities for the benefit of local Muslim men and women, young and elderly.
In order to achieve these objectives, the trustees have considered the Charity Commission's general guidance on public benefit and supplementary guidance on the advancement of religion for public benefit.
## **Public benefit statement**
In planning our activities, we have considered guidance from the Charity Commission to ensure we meet our public benefit requirements.
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefits to those who worship at the mosque and the wider community.
**2**
## **Islamic Centre Leicester**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
## **Achievements and performance**
Over the past few years, attendance at the Islamic Centre Leicester has increased significantly. Following the end of the Covid lockdown, our facilities have resumed normal operations, witnessing a notable increase in the availability of Islamic prayer facilities. This phenomenon is particularly noticeable during peak periods, such as Friday prayers, school holidays, and the two Islamic festivals.
## **Review of the year**
## **Activities conducted by the Islamic Centre Leicester (ICL)**
The ICL is dedicated to promoting and providing facilities and activities for the benefit of the local Muslim community. The Charity is delivering its aims with due diligence. This year, we continued with the following programmes and initiatives, and looked for new, creative and inspiring ways to strengthen our relationship with the community we serve.
Activities conducted by the Islamic Centre Leicester include:
## **1. Mosque and religious services**
## **Prayer Facilities**
Our mosques are open every day of the year for congregational prayers (The five daily prayers, Friday prayers and Tarawih prayers during Ramadan). Our facilities are open to women, and they are welcome to participate in all prayers, including Friday prayers as well as other activities and events.
During the winter months, the Central Mosque site (conduit Street) remained open to the public from Zuhr Salah to Isha Salah (afternoon prayer to the last evening prayer), allowing worshippers more flexibility and access to the mosque for longer hours. The Islamic Centre witnessed many individuals benefit from this facility, many of whom expressed their appreciation.
## **Ramadan**
Ramadan, the ninth month of the Islamic calendar, is a period of profound spiritual significance for Muslims worldwide. During this holy month, Muslims engage in fasting (sawm), prayer (salah), reflection, and community building.
Ramadan is the most anticipated and active time in the ICL calendar. Our community comes together in large numbers to participate in special nightly prayers called Tarawih. These prayers provide an opportunity for spiritual growth and connection with our faith.
A central aspect of Ramadan is the daily fast, abstaining from food and drink from dawn until sunset. Each evening, we provided Iftar meals to break the fast, fostering a sense of unity and togetherness within our community.
In addition to the religious observances, Ramadan is also a time for increased charitable giving and community outreach. We organised various initiatives to support those in need, embodying the spirit of compassion and generosity that is central to this holy month.
## **Eid Prayers**
This year, as every year, we joyously celebrated three significant festivals: Eid-ul-Fitr, marking the end of Ramadan; Eid-ul-Adha, the Festival of Sacrifice; and Eid Mawlid an-Nabawi, the celebration of the Prophet Muhammad's (peace be upon him) birth. These festivals are cornerstones of our community's religious and cultural life, bringing together families and friends in celebration, prayer, and reflection.
**3**
## **Islamic Centre Leicester**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
We have witnessed a remarkable increase in attendance at our events, particularly the Eid prayers for both Eid-ul-Fitr and Eid-ul-Adha. To better accommodate the growing number of worshippers and to cater to individual preferences for prayer times, we have expanded the number of Eid prayers offered at both of our mosques. This allows more people to participate in the communal prayers and ensures a more comfortable and organised experience for all attendees. The additional prayer times provide flexibility, allowing individuals to choose a time that suits them best, whether they prefer an early morning or a later service. This expansion reflects our commitment to serving our growing community and ensuring everyone has the opportunity to celebrate these important occasions.
## **2. Education**
## **Islamic Centre Madrasah**
The Islamic Centre Madrasah is a well-established Islamic school for educating Muslim children in the fundamentals of the Islamic faith, and is currently attended by 220 children, the numbers does change up and down occasionally due to people moving in or out of the vicinity.
Our aim at ICL Madrasah is to help our students fulfil the obligation of seeking knowledge through the study of Islam and the Qur'an. This not only enables them to gain immense reward but also helps them to comprehend and subsequently fulfil their role within the society they live in as British Muslims.
## **Facts and figures**
The Madrasah currently has 220 students aged between 4 1/2 and 30. Daily classes of which there are twelve in total run from two different sites namely Sutherland Street Mosque and Leicester Central Mosque Conduit Street. There are 3 boys' classes and 3 girls' classes with 3 mixed reception classes for minors. Along with these classes, we have three additional classes that provide more advanced knowledge in Islamic studies, 2 Aalim classes for adults and 1 Hifz class.
## **Current Syllabus**
The Madrasah syllabus is a broad one designed to cover a wide range of subjects and topic areas. These include:
- Holy Qur'an with Tajweed
- Islamic Deeniyaat
- Islamic History and Jurisprudence (Fiqh)
- Aalim (religious scholar) & Hifz (memorization of the Holy Qur'an) Classes
- Arabic language class (selected children)
## **2a. Adult Courses/Workshops**
In addition to our education services for children, the Islamic centre offers educational courses for adults. In the recent years, the following courses proved to be very effective and well-attended, with a total attendance of over 200 people.
**Islamic inheritance course** - the course focused on the basic principles of Islamic inheritance as well as discussing how English common law applies to this topic. The course also incorporated lessons and practical demonstration on Muslim funeral rites such as how to bathe and enshroud the deceased.
**Fiqh (Jurisprudence)** - two separate classes were run simultaneously for men and women. The sessions allow attendees to enhance their knowledge on certain jurisprudence rules equipping them with practical application in daily life. Amongst the subjects covered was the chapter of purification.
**Arabic language course** - open to and attended by both men and women. The course provides an opening for students to gain a better understanding of Arabic words and grammar to open up further
**4**
**Islamic Centre Leicester**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
doors of study and progression.
## **3. Schools Educational Visits**
Since its inception in 1968, the ICL has prioritised the importance of inter-faith relations, community cohesion and the positive promotion of Islam to children and adults alike. Each year the Leicester Central Mosque welcomes a diverse range of visitors, including schools, colleges, universities, organisations, professional bodies and individuals to the mosque where they learn about the work we do in the community and about the religion of Islam.
This year, the ICL proudly hosted 60-70 schools and colleges from Leicestershire and beyond.
These visits, typically lasting one-hour, offers a comprehensive introduction to Islam. The programme includes a guided tour of the mosque, showcasing both the men's and women's sections, followed by an engaging session led by our Imam. These sessions cover the core articles of faith and the importance of being a British Muslim, complementing the schools' Religious Education curriculum and reinforcing classroom learning through practical demonstrations. A dedicated question-and-answer segment is a a crucial part of each visit, fostering open dialogue and allowing students and teachers to explore their curiosities. These long-standing relationships with schools and colleges, often resulting in repeat visits, highlight the value and trust placed in our educational programmes.
To ensure accessibility, mosque visits can be easily booked online through our website or by contacting us directly. Our Imam's flexible approach means we strive to accommodate every request from schools, organisations, and individuals. We are committed to maintaining this open-door policy, promoting a positive image of Islam, its values, and its contribution to building stronger communities.
## **4. Interfaith, Diversity, Cohesion and Outreach**
As a Muslim faith organisation, the ICL's core values are rooted in understanding and mutual respect for all, regardless of faith. We are dedicated to fostering interfaith relations as a means to promote harmony within our diverse society. We believe that open dialogue and cooperation among people of different faiths as a way to build bridges and create a cohesive society. This perspective extends to individuals who may identify with no specific faith, as we believe every individual deserves respect and understanding, irrespective of their religious convictions.
Our interfaith events are vital for fostering community cohesion and promoting interfaith relations and harmony. These events provide a platform for individuals from diverse backgrounds and faiths to come together in a spirit of unity, mutual understanding, and respect. Religious leaders from various communities share insights on community cohesion and address relevant issues, encouraging dialogue and the exchange of ideas. A key focus of these events is highlighting shared values, fostering a sense of belonging, and breaking down stereotypes and prejudices. Cultural performances, workshops, and interactive sessions further promote understanding and appreciation for different customs and traditions.
These events have a lasting impact, serving as catalysts for ongoing community engagement and collaboration on various projects and initiatives. This sustained interaction builds a sense of community that transcends religious and cultural boundaries, promoting harmonious coexistence. The ICL's commitment to organising these events reflects our dedication to building a cohesive, integrated, and tolerant society where everyone can thrive.
## **5. Other Services for Community**
## **Funeral Facilities:**
A complete funeral service in line with the teachings of Islam. We relieve the deceased's bereaved relatives of the burden of organising burials.
**5**
## **Islamic Centre Leicester**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
The Charity provides a complete funeral service package that carries both the religious aspects of the funeral services and the logistics of transportation and storage of the deceased body. The Charity liaises with the council for the burial arrangements, and it aims to support the bereaved families by providing a service that allows a smooth transition.
## **Nikah (Islamic Marriage):**
Family life is the foundation of a successful society, and marriage is an occasion of great joy in the Muslim community.
The Charity provides the Muslim community with Islamic marriage the Nikah service. As part of the booking process, the couple schedules an appointment to go over the formalities and ask questions to ensure a smooth ceremony.
While valid in the Islamic context, the 'normal' Mosque Nikah ceremony is not a valid marriage in the UK on its own; it is solely a religious ceremony.
The Islamic Centre Leicester has a policy of recommending all individuals, particularly women, who participate in a Nikah ceremony that they should register their marriage, preferably before Nikah, so that they are considered as husband and wife under UK law.
## **6. Other community engagement activities**
## **NHS Galleri Trials Clinic**
The collaboration between the Islamic Centre and the NHS saw the hosting of Galleri Trial clinics at the Leicester Islamic Centre. These clinics played a crucial role in assisting the NHS in its research on early cancer detection. The programme required participants to engage in three appointments spread over a span of three years, with intervals of approximately 12 months between each appointment.
## **MP and Councillors Surgery**
The Charity hosts a free MP and Councillors drop-in service to its community without the need of an appointment system in order for the service it provides to be easily accessible to all. The MP and Councillors service has helped and resolved issues ranging from housing, business to Home Office queries. The service is provided by the Leicester South MP and Councillors from the local wards of Spinney Hills, Wycliffe and Stoneygate.
## **Tell MAMA's Surgery**
The Charity provides the space and facilities to allow Tell MAMA to hold their surgery on monthly basis. TELL MAMA supports victims of anti-Muslim hate and offers advice and support to victims of hate crime. The service is free for all Leicester and Leicestershire residents, without the need of an appointment system.
## **Ramadan Iftar**
The mosque prepares food during Ramadhan for those attending our mosque who wish to break their fast together.
## **Community Events**
These are for the benefit of the wider community, such as talks and conferences.
## **7. Working with statutory and other bodies**
The Charity has and continues to provide the local authority and its services, namely the social services, Education department and the Leicestershire Constabulary an opportunity to visit the mosque and learn about Muslims in Britain and its faith as well as to ask questions.
**6**
## **Islamic Centre Leicester**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
The Charity has always, as and when needed provided an information desk to local service providers to benefit the community on a range of health-related issues. This ranges from advice on mental health issues provided by the NHS as well as advice and support in order to quit smoking and health awareness campaigns on diabetes. There have been self-referrals to the organisations as follow-ups. The information desk has also given space for Tell MAMA on ways to support families and individuals experiencing anti-Muslim hate crime.
## **8. Health and well-being**
The Charity promotes the wellbeing of its congregation for both men and women on 4 evenings of the week by providing sports activities such as badminton tournaments and basketball in its popular sports hall. We aim to expand these programmes as demand increases.
## **9. Spiritual well-being**
The charity recognises the need for and importance of physical as well as spiritual well-being. We hold spiritual gatherings every Thursdays with a focus on heart purification through Zikr (chanting the names of Allah). The attendees are also encouraged towards reflection, contemplation in order to become better Muslims and citizens.
## **10. Women only activities**
Activities at the Centre in general are open to men and women; however, some activities are catered for women only and are led by the Islamic Centre Women's Association (ICWA).
The Main objectives of the ICWA are to:
- work for the welfare and well-being of Muslim women
- enlighten women with the knowledge of Islam
- assist women in developing their self-confidence and self-respect
- enable women to deal with issues faced by Muslim women
ICWA organised a range of spiritual activities throughout the year on weekly and monthly basis. This is a sample of some of the many activities held at the Centre for women:
- Ladies Tajweed class
- Ladies Sports
- Ladies Ghosia Khatam
- Ladies Dars-a-Quran
- Ladies Essential Knowledge Class (Support for new Muslim sisters)
## **11. Volunteers**
The charity deeply appreciate the invaluable contributions of our volunteers, who are essential to our service provision and fundraising. Their dedication and hard work are immeasurable.
## **Principal risks and uncertainties**
The trustees have responsibility for ensuring that there are effective risk management and systems of internal control in place to manage the charity and major risks and support the achievement of our strategic objectives.
The principal risks to the charity and how these are managed is set out below.
**7**
**Islamic Centre Leicester**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
## **Risk - financial performance and sustainability**
Risk concerning financial performance and sustainability includes any significant reduction in fundraising due to economic conditions. These risks undermining our ability to meet the needs of our users and to meet our strategic aims.
Risk concerning financial performance and sustainability is managed by the holding of a significant value of reserves and a regular review of charity reserves to ensure these remain within the target set by the Trustees. Senior management and the Trustees also regularly review and scrutinise the charity's short- and medium-term financial position.
## **Risk - safe guarding of vulnerable and young people**
Risk concerning the safeguarding of vulnerable and young people includes:
- negligence in relation to safeguarding policies, or
- when practice results in or contributes to serious harm, or
- injury to a young person or vulnerable adult which damages ICL's reputation.
Risk concerning the safeguarding of vulnerable and young people is managed by safeguarding training for all employees working directly with vulnerable and young people.
## **Risk - information security**
Risk concerning information security includes serious data protection or security failure that may result in legal and contractual issues, reputational damage and potential fines and loss of income.
Risk concerning information security is managed by having a structure in place for General Data Protection Regulation (GDPR) monitoring and compliance and by the routine testing of IT systems to identify any security weaknesses.
**8**
**Islamic Centre Leicester**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
## **Financial review**
## **Reserves Policy**
Islamic Centre recognises the importance of having reserves. These funds are freely available to spend on any of the charity's purposes and hence exclude restricted funds. They will be used to mitigate significant falls in income or to take advantage of new opportunities. ICL faces a number of risks that may result in the need to use the charity's reserves. Some of these include:
- Reduction in donations from congregation / members of the public.
- Unexpected refurbishment costs.
- External factors affecting the charity, such as National Living Wage increases or increasing utility
- bills.
Reserves are represented by the fund balances as disclosed in the balance sheet on page 16 of the financial statements. The balance sheet shows unrestricted reserves (reserves that do not carry any restrictions on how they can be used) of £4,393,968 as at 30 April 2024 (2023: £4,179,435).
In assessing our level of free reserves as at 30 April 2024, we also exclude restricted funds totalling £210,243, fixed assets totalling £2,108,948 and designated fund balances totalling £1,050,000 for the construction of the Minaret. This leaves free reserves at £1,235,020 as at 30 April 2024.
ICL has set its reserves at £420,000, this covers approximately 12 months operational expenditure. It is the Trustees view that this amount means the charity has a balanced approach between having funds available to run the charity on a day-to-day basis, and keeping funds aside in case any of the risks mentioned above materialise. The Trustees also believe this level of reserves provides the charity with adequate financial stability and the means to meet its charitable objectives for the future. The level of reserves will be reviewed annually to ensure alignment with risks the charity faces.
## **Plans for future periods**
## **1. Expansion & Infrastructure Development**
A search for suitable architects has already begun to design a minaret.
## **2. Community Engagement & Programmes**
We intend to introduce new educational and social programmes to better serve the community, including workshops, youth activities, and welfare support. Enhancing outreach efforts to engage a wider audience and provide additional support services.
## **3. Governance & Structural Improvements**
Consideration of transitioning the charity to a CIO (Charitable Incorporated Organisation) for better governance and operational efficiency. Strengthening compliance, transparency, and reporting structures to align with regulatory requirements.
## **4. Sustainability & Fundraising**
Implementing long-term fundraising initiatives to ensure financial stability for future projects. Exploring sustainable development opportunities such as partnerships, grants, and donation drives.
**9**
## **Islamic Centre Leicester**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 30 April 2024**
## **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 and Wales 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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, the applicable Charities (Accounts and Reports) Regulations, 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 26 February 2025 and signed on behalf of the board of trustees by:
Mr A W Bajwa Mr M Hafeez Trustee Trustee
**10**
## **Islamic Centre Leicester**
## **Independent Auditor's Report to the Members of Islamic Centre Leicester**
## **Year ended 30 April 2024**
## **Opinion**
We have audited the financial statements of Islamic Centre Leicester (the 'charity') for the year ended 30 April 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:
- give a true and fair view of the state of the charity's affairs as at 30 April 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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.
**11**
## **Islamic Centre Leicester**
## **Independent Auditor's Report to the Members of Islamic Centre Leicester**
_**(continued)**_
## **Year ended 30 April 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**
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters where the C harities Act 20 11 requires us to report to you if, in our opinion:
* the information given in the trustees' report is inconsistent in any material respect with the financial statements: or
* adequate accounting records have not been kept; or
* the financial statements are not in agreement with the accounting records and returns; or
* we have not received all the information and explanations we require for our audit.
## **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.
**12**
## **Islamic Centre Leicester**
**Independent Auditor's Report to the Members of Islamic Centre Leicester** _**(continued)**_
## **Year ended 30 April 2024**
## **Auditor's responsibilities for the audit of the financial statements**
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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
* Reviewing minutes of the trustees meetings with regard to actual and potential fraud and noncompliance with laws and regulations;
* Reviewing correspondence with the Charities Commission;
- Understanding and evaluating the charity's control environment;
- Testing of journal entries that were deemed unusual;
* Assessing financial statement disclosures, and testing to supporting documentation, for compliance with applicable laws and regulations.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery 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:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit 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.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
**13**
## **Islamic Centre Leicester**
## **Independent Auditor's Report to the Members of Islamic Centre Leicester**
_**(continued)**_
## **Year ended 30 April 2024**
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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.
## **Use of our report**
This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. 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.
## 26th February 2025
Mark Illingsworth (Senior Statutory Auditor)
For and on behalf of Versant Associates LLP Chartered accountants & statutory auditor The Old Mill, 9 Soar Lane Leicester LE3 5DE
**14**
## **Islamic Centre Leicester**
## **Statement of Financial Activities**
## **Year ended 30 April 2024**
||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|538,277|95,223|633,500|516,358|
|Investment income|**5**|15,931|–|15,931|30,056|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||554,208|95,223|649,431|546,414|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|339,675|56,494|396,169|461,524|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||339,675|56,494|396,169|461,524|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in**|**funds**|214,533|38,729|253,262|84,890|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**||||||
|Total funds brought forward||4,179,435|171,514|4,350,949|4,266,059|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||4,393,968|210,243|4,604,211|4,350,949|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 18 to 25 form part of these financial statements.**
**15**
## **Islamic Centre Leicester**
## **Statement of Financial Position**
## **30 April 2024**
|||**2024**|2023|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**12**|2,108,948|2,158,356|
|**Current assets**||||
|Stocks|**13**|3,615|3,720|
|Debtors|**14**|170,723|15,497|
|Cash at bank and in hand||2,360,112|2,266,026|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|||2,534,450|2,285,243|
|**Creditors: amounts falling due within one year**|**15**|39,187|92,650|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net current assets**||2,495,263|2,192,593|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**||4,604,211|4,350,949|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**||4,604,211|4,350,949|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|**Funds of the charity**||||
|Restricted funds||210,243|171,514|
|Unrestricted funds||4,393,968|4,179,435|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**17**|4,604,211
৶৶৶৶৶৶৶৶৶৶৶৶|4,350,949
৶৶৶৶৶৶৶৶৶৶৶৶|
These financial statements were approved by the board of trustees and authorised for issue on 26 February 2025, and are signed on behalf of the board by:
Mr A W Bajwa Trustee
Mr M Hafeez Trustee
**The notes on pages 18 to 25 form part of these financial statements.**
**16**
## **Islamic Centre Leicester**
## **Statement of Cash Flows**
## **Year ended 30 April 2024**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|253,262|84,890|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|72,688|71,510|
|Dividends, interest and rents from investments|(15,900)|(14,725)|
|Other interest receivable and similar income|(31)|(15,331)|
|Accrued (income)/expenses|(3,480)|4,800|
|_Changes in:_|||
|Stocks|105|(40)|
|Trade and other debtors|(155,226)|395|
|Trade and other creditors|(49,983)|62,905|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Cash generated from operations|101,435|194,404|
|Interest received|31|15,331|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net cash from operating activities|101,466|209,735|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Cash flows from investing activities**|||
|Dividends, interest and rents from investments|15,900|14,725|
|Purchase of tangible assets|(23,280)|(17,825)|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Net cash used in investing activities|(7,380)|(3,100)|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Net increase in cash and cash equivalents**|94,086|206,635|
|**Cash and cash equivalents at beginning of year**|2,266,026|2,059,392|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Cash and cash equivalents at end of year**|2,360,112
৶৶৶৶৶৶৶৶৶৶৶৶|2,266,027
৶৶৶৶৶৶৶৶৶৶৶৶|
**The notes on pages 18 to 25 form part of these financial statements.**
**17**
**Islamic Centre Leicester**
**Notes to the Financial Statements**
## **Year ended 30 April 2024**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 2A Sutherland Street, Leicester, LE2 1DS.
## **2. 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.
## **3. Accounting policies**
## **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.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **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.
## **Fund accounting**
General funds are unrestricted funds available for use at the discretion of the trustees to further any of the charity's purposes and the general objectives of the charity.
Restricted funds (Sadqa, Zakat, Fitra) are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund where permissible, otherwise from the unrestricted fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, such as deposit interest and gains are allocated to the appropriate fund.
**18**
**Islamic Centre Leicester**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefit 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: - income from donations is recognised on a receipts basis as there is no contractually enforceable right to donations promised. - income from gift aids accounted for on a receivable basis. - Income from investments are accounted for on a receivable basis.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the charity compliance with constitutional and statutory requirements.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements including audit, strategic management and trustees's meetings and reimbursed expenses.
## **Tangible assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition.
## **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 property 2% straight line - Fixtures and fittings 25% reducing balance Motor vehicles - 25% reducing balance
**19**
**Notes to the Financial Statements** _**(continued)**_
## **Islamic Centre Leicester**
## **Year ended 30 April 2024**
## **3. Accounting policies** _**(continued)**_
## **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.
## **Stocks**
Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slowing moving items.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **4. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|**Donations**||||
|Donations|233,749|–|233,749|
|Zakat/Sadqa/Fitra|–|95,223|95,223|
|Friday collection|46,126|–|46,126|
|Tuition fees|59,653|–|59,653|
|Funeral services|17,141|–|17,141|
|Disposal of recycled clothing|1,964|–|1,964|
|Hall hire|16,076|–|16,076|
|Sports collection|5,875|–|5,875|
|Gift Aid|157,693|–|157,693|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||538,277|95,223|633,500|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**20**
## **Islamic Centre Leicester**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
## **4. Donations and legacies** _**(continued)**_
||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2023|
||||£|£|£|
||**Donations**|||||
||Donations||243,983|–|243,983|
||Zakat/Sadqa/Fitra||–|104,827|104,827|
||Friday collection||38,510|–|38,510|
||Tuition fees||55,963|–|55,963|
||Funeral services||15,825|–|15,825|
||Disposal of recycled clothing||1,975|–|1,975|
||Hall hire||7,770|–|7,770|
||Sports collection||–|–|–|
||Gift Aid||47,505|–|47,505|
||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||||411,531|104,827|516,358|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**5.**|**Investment income**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2024**|Funds|2023|
|||£|**£**|£|£|
||Rental income|15,900|15,900|14,725|14,725|
||Income from savings|31|31|15,331|15,331|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||15,931|15,931|30,056|30,056|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**6.**|**Expenditure on charitable activities**|**by fund type**||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2024**|
||||£|£|**£**|
||Expenditure on charitable activities||326,906|56,494|383,400|
||Support costs||12,769|–|12,769|
||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||||339,675|56,494|396,169|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2023|
||||£|£|£|
||Expenditure on charitable activities||417,776|33,534|451,310|
||Support costs||10,214|–|10,214|
||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||||427,990|33,534|461,524|
||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**21**
## **Islamic Centre Leicester**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
## **7. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2024**|2023|
||£|£|**£**|£|
|Expenditure on charitable activities|383,400|–|383,400|451,310|
|Governance costs|–|12,769|12,769|10,214|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||383,400|12,769|396,169|461,524|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
## **8. Net income**
Net income is stated after charging/(crediting):
||Net income is stated after charging/(crediting):|||
|---|---|---|---|
|||**2024**|2023|
|||**£**|£|
||Depreciation of tangible fixed assets|72,688|71,510|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
|**9.**|**Auditors remuneration**|||
|||**2024**|2023|
|||**£**|£|
||Fees payable for the audit of the financial statements|5,400|5,400|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**10.**|**Staff costs**|||
||The total staff costs and employee benefits for the reporting period are analysed as||follows:|
|||**2024**|2023|
|||**£**|£|
||Wages and salaries|105,021|90,593|
||Employer contributions to pension plans|926|706|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||105,947|91,299|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
The average head count of employees during the year was 16 (2023: 13).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
## **11. Trustee remuneration and expenses**
There were no trustees' remuneration or other benefits for the year ended 30 April 2024.
No expenses were paid to Trustees during the year.
**22**
## **Islamic Centre Leicester**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
## **12. Tangible fixed assets**
|||Freehold|Fixtures and|Motor||
|---|---|---|---|---|---|
|||property|fittings|vehicles|**Total**|
|||£|£|£|**£**|
||**Cost**|||||
||At 1 May 2023|2,647,054|237,900|21,000|2,905,954|
||Additions|–|23,280|–|23,280|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
||**At 30 April 2024**|2,647,054|261,180|21,000|2,929,234|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
||**Depreciation**|||||
||At 1 May 2023|544,405|192,223|10,970|747,598|
||Charge for the year|52,941|17,239|2,508|72,688|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
||**At 30 April 2024**|597,346|209,462|13,478|820,286|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
||**Carrying amount**|||||
||**At 30 April 2024**|2,049,708|51,718|7,522|2,108,948|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
||At 30 April 2023|2,102,649|45,677|10,030|2,158,356|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|**13.**|**Stocks**|||||
|||||**2024**|2023|
|||||**£**|£|
||Raw materials and consumables|||3,615|3,720|
|||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**14.**|**Debtors**|||||
|||||**2024**|2023|
|||||**£**|£|
||Prepayments and accrued income|||9,993|8,245|
||Other debtors|||160,730|7,252|
|||||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
|||||170,723|15,497|
|||||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
Included within other debtors of £160,730 is £157,693 of gift aid, of which £37,693 has been received since 30 April 2024, and the remainder is in the process of being claimed.
## **15. Creditors: amounts falling due within one year**
||**2024**|2023|
|---|---|---|
||**£**|£|
|Trade creditors|10,120|74,011|
|Accruals and deferred income|9,000|12,480|
|Social security and other taxes|2,608|531|
|Other creditors|17,459|5,628|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||39,187|92,650|
||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
**23**
## **Islamic Centre Leicester**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
## **16. Pensions and other post retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £926 (2023: £706).
## **17. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 May 2023|Income|Expenditure|**30 April 2024**||
||£|£|£||£|
|General funds|3,129,435|554,208|(339,675)||3,343,968|
|Designated Fund - construction of the||||||
|Minaret|1,050,000|–|–||1,050,000|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄৄৄৄ|
||4,179,435|554,208|(339,675)||4,393,968|
||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶৶৶৶৶|
||At||||At|
||1 May 2022|Income|Expenditure||30 April 2023|
||£|£|£||£|
|General funds|3,115,838|441,587|(427,990)||3,129,435|
|Designated Fund - construction of the||||||
|Minaret|1,050,000|–|–||1,050,000|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄৄৄৄ|
||4,165,838|441,587|(427,990)||4,179,435|
||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶৶৶৶৶|
|**Restricted funds**||||||
||At||||**At**|
||1 May 2023|Income|Expenditure|**30 April 2024**||
||£|£|£||£|
|Restricted Fund - Zakat, Sadqa & Fitra|171,514|95,223|(56,494)||210,243|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶৶|
||At||||At|
||1 May 2022|Income|Expenditure||30 April 2023|
||£|£|£||£|
|Restricted Fund - Zakat, Sadqa & Fitra|100,221
৶৶৶৶৶৶৶৶৶|104,827
৶৶৶৶৶৶৶৶৶|(33,534)
৶৶৶৶৶৶৶৶||171,514
৶৶৶৶৶৶৶৶৶|
**24**
## **Islamic Centre Leicester**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 April 2024**
## **18. Analysis of net assets between funds**
||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2024**|
||£|**£**|
|Tangible fixed assets|2,108,948|2,108,948|
|Current assets|2,534,450|2,534,450|
|Creditors less than 1 year|(39,187)|(39,187)|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|4,604,211|4,604,211|
||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
||Unrestricted|Total Funds|
||Funds|2023|
||£|£|
|Tangible fixed assets|2,158,356|2,158,356|
|Current assets|2,285,243|2,285,243|
|Creditors less than 1 year|(92,650)|(92,650)|
||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|4,350,949|4,350,949|
||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
## **19. Analysis of changes in net debt**
|||||**At**|
|---|---|---|---|---|
||At|1 May 2023|Cash flows|**30 Apr 2024**|
|||£|£|**£**|
|Cash at bank and in hand||2,266,026|94,086|2,360,112|
|||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
## **20. Related parties**
There have been no related party transactions during the year.
**25**
**Islamic Centre Leicester**
## **Management Information**
## **Year ended 30 April 2024**
**The following pages do not form part of the financial statements.**
**26**
## **Islamic Centre Leicester**
## **Detailed Statement of Financial Activities**
## **Year ended 30 April 2024**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|233,749|243,983|
|Zakat/Sadqa/Fitra|95,223|104,827|
|Friday collection|46,126|38,510|
|Tuition fees|59,653|55,963|
|Funeral services|17,141|15,825|
|Disposal of recycled clothing|1,964|1,975|
|Hall hire|16,076|7,770|
|Sports collection|5,875|–|
|Gift Aid|157,693|47,505|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||633,500|516,358|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Investment income**|||
|Rental income|15,900|14,725|
|Income from savings|31|15,331|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||15,931|30,056|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**|649,431|546,414|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|105,021|90,593|
|Pension costs|926|706|
|Rates and water|6,588|4,494|
|Light and heat|64,208|27,695|
|Repairs and maintenance|19,499|162,207|
|Insurance|5,362|4,973|
|Other establishment|5,699|7,674|
|Legal and professional fees|12,769|10,214|
|Telephone|1,378|1,345|
|Other office costs|422|206|
|Depreciation|72,688|71,510|
|Donations paid out to beneficiaries|56,494|33,534|
|Niaz, langar and food distribution|25,010|23,821|
|Hall services|8,533|7,394|
|Coffins, funeral and ambulance cost|7,212|10,900|
|Paypal charges|275|231|
|Sumup charges|1,085|1,165|
|Bank charges|3,000|2,862|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||396,169|461,524|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**|396,169
৶৶৶৶৶৶৶৶৶|461,524
৶৶৶৶৶৶৶৶৶|
**27**
**Detailed Statement of Financial Activities** _**(continued)**_
## **Islamic Centre Leicester**
## **Year ended 30 April 2024**
**Net income**
|**2024**|2023|
|---|---|
|**£**|£|
|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|253,262|84,890|
|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**28**
## **Islamic Centre Leicester**
## **Notes to the Detailed Statement of Financial Activities**
## **Year ended 30 April 2024**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Expenditure on charitable activities**|||
|**_Activities undertaken directly_**|||
|Wages/salaries|105,021|90,593|
|Pension costs|926|706|
|Rates & water|6,588|4,494|
|Light & heat|64,208|27,695|
|Repairs & maintenance|19,499|162,207|
|Insurance|5,362|4,973|
|Sundry and cleaning|5,699|7,674|
|Telephone|1,378|1,345|
|Postage and stationery|422|206|
|Depreciation|72,688|71,510|
|Donations paid out to beneficiaries|56,494|33,534|
|Niaz, langar and food distribution|25,010|23,821|
|Hall services|8,533|7,394|
|Coffins, funeral and ambulance cost|7,212|10,900|
|Paypal charges|275|231|
|Sumup charges|1,085|1,165|
|Bank charges|3,000|2,862|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||383,400|451,310|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Governance costs**|||
|Accountancy fees|3,600|3,600|
|Audit fees|5,400|5,400|
|Legal and other professional fees|3,769|1,214|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||12,769|10,214|
||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Expenditure on charitable activities**|396,169|461,524|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**29**