Registered Charity Number 0288143
Institute of Muslim Minority Affairs
Trustee’s Report and Financial Statements
for the year ended 31 August 2020
Institute of Muslim Minority Affairs
Charity Information
Trustees who served during the year
| Syed Shahid Mahmood (Chair) | |
|---|---|
| Dr Saleha Mahmood | |
| Dr Irfan Ahmad Khan | |
| Dr Hassan Abedin | |
| Dr Hadeel Abedin | |
| Charity number | 274732 |
| Registered Office | 46 Goodge Street |
| London | |
| W1T 4LU | |
| Independent Examiner | |
| Astute Accountants & Tax Consultants | |
| 565 High Road Leytonstone | |
| London | |
| E11 4PB | |
| Bankers | HSBC Plc |
Institute of Muslim Minority Affairs
Contents
| Page | |
|---|---|
| Trustees’ annual report | 1 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Statement of total recognised gains and losses | 5 |
| Balance sheet | 6 |
Institute of Muslim Minority Affairs
Report of the Trustees’ For the year ended 31 August 2020
The Trustees are pleased to present their annual report and financial statements for the year ended 31 August 2020 and confirm that they comply with the Charities Act 2011, the trust deed and the Charities SORP 2005.
Structure, governance and management
Governing document
The Institute of Muslim Minority Affairs was formed in 1983. It is registered with the Charity Commission under registration number 0288143. The Charity is governed under a Trust Deed erected at the time of formation of this Charity.
Names of Trustees
Syed Shahid Mahmood (Chair) Dr Hassan Abedin Dr Irfan Ahmad Khan Dr Saleha Mahmood Dr Hadeel Abedin
Organisational structure
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet together as a body at least once in year and are responsible for all decisions taken in relation to running of the charity and the community facilities and the activities provided by the charity, The day-today management of the Charity and community facilities and projects are delegated to designated trustee.
Recruitment and appointment of trustees
The existing trustees are responsible for the recruitment of new trustees, In selecting new trustees, we seek to identify people who have good reputation in community and are willing to volunteer to help in our broader community work, Potential trustees are invited to attend trustees' meeting as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person' s eligibility, personal competence, specialist knowledge and skills,
Induction and training of trustees
A number of publications, detailed guides and how to guides, from the Charity Commission are also provided including "What makes a charity", "Charitable purposes and public benefit" and "Public benefit; the rules for charities". This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.
Risk management
The trustees assess the risks the charity faces using a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review the risk at their meetings. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks. In particular, insurance cover is in place and the finances of the Charity are kept under review.
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Institute of Muslim Minority Affairs
Objectives and activities
The objectives of the charity are set out in the charity’s trust deed and are summarised as follows:
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Advancement of education and promoting and publishing objective scholarly research on conditions and way of life, history and development of Muslim minority communities throughout the world and
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Compile information and statistics in relation thereto and publish useful result of such study and research and disseminate such information through their quarterly journal relating to life and conditions of Muslim communities worldwide.
Achievements and performance
How our activities deliver public benefit
The adequacy or appropriateness of charity in society cannot be satisfactorily assessed on the basis of singular perspectives or criteria, where multiple components are taken into account, including assessment of the anticipated and wider environmental, economic, ethical, social, and cultural impacts of scientific and technological developments. Although the charity carries out primarily, publication of a scholarly research journal, the research carried out is focused on wider Muslim community. The aim is to increase publication of this journal and publish selected research in other mainstream publication for wider Muslim community.
The Institute publishes a scholarly journal to promote the objectives stated above. This publication continues to be popular and attracts the relevant segment of academia and social practitioners. The Institute is selfsustaining and has seen growth in the past few years and is expected to continue to grow in the coming years.
Financial review
Principal funding source
The charity’s main source of income is share of income received from the publishers. No donations are collected.
Investment policy and objectives
The charity has no long-term investments. Our cash reserves are held in bank accounts.
Statement of Trustees' Responsibilities
The charity Trustees are responsible for preparing an Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards UK GAAP (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 the Financial Statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements;
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Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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Institute of Muslim Minority Affairs
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011 and the provisions of the Trust Deed.
They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees for the purposes of Charity Law who served during the year and up to the date of this report are set out on Charity information page.
Approved by the Trustees and signed on its behalf by:
Chair of Trustees
S Mahmood
Date: 29/06/2021
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Institute of Muslim Minority Affairs
Independent Examiner’s report on the Accounts of
Institute of Muslim Minority Affairs
I report on the accounts of the Trust for the year ended 31 August 2020.
Respective responsibilities of Trustees and Examiner
The Charity Trustees are responsible for the preparation of the Financial Accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
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Examine the Accounts (under section 145 of the 2011 Act;
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Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5) (b) of the 2011 Act, and
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State whether particular matters have come to my attention.
Basis of opinion
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the Accounts whether the Accounts present a “True and Fair view” and the report is limited to those matters set out in the next statement.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in, any material respect, the Trustees have not met the requirements to ensure that:
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Proper accounting records are kept (in accordance with section 41 of the Act); or
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................................
Faisal Meraj, Chartered Management Accountant
For and on behalf of Astute Accountants & Tax Consultants
Date: 10 June 2021
565 High Road Leytonstone London E11 4PB
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Institute of Muslim Minority Affairs
Statement of Financial Activities for the year ended 31 August 2020
| Incoming resources Income Total incoming resources Resources expended Cost of generating funds Administrative costs Wages and salaries Travelling & subsistence Repairs and renewals Printing, postage and stationery Telephone charges Bank charges Accountancy Depreciation Total resources expended Net incoming resources before other recognised gains/losses Retained funds brought forward Retained funds carried forward Statement of total recognised gains and losses Net incoming resources before other recognised gains/losses Total recognised gains since last annual report |
Unrestricted Restricted funds funds £ £ 27,596 - 27,596 - 5,000 - 5,760 - 1,216 - - - 106 - 364 - 147 - 720 - 118 - 13,431 - 14,165 - 205,823 - 219,988 - 14,165 14,165 |
Total funds 2020 £ 27,596 27,596 5,000 5,760 1,216 - 106 364 147 720 118 13,431 14,165 205,823 219,988 Year ended 2020 £ 14,165 14,165 |
Total funds 2019 £ 27,393 27,393 6,295 3,899 1,249 130 78 346 72 660 148 |
||
|---|---|---|---|---|---|
| 12,877 | |||||
| 14,516 191,307 |
|||||
| 205,823 | |||||
| Year ended 2019 £ 14,516 14,516 |
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Institute of Muslim Minority Affairs
Balance sheet As at 31 August 2020
| Fixed assets Laptop Depreciation Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current liabilities Total assets less current liabilities Net assets Funds Unrestricted income fund b/f Net income for the year Total funds |
2020 2019 £ £ £ £ 1913 1,913 (1,443) (1,325) 470 588 224,919 209,916 (5,401) (4,681) 205,235 205,235 205,823 205,823 205,823 205,823 205,823 191,307 14,165 14,516 219,988 205,823 |
2020 2019 £ £ £ £ 1913 1,913 (1,443) (1,325) 470 588 224,919 209,916 (5,401) (4,681) 205,235 205,235 205,823 205,823 205,823 205,823 205,823 191,307 14,165 14,516 219,988 205,823 |
2020 2019 £ £ £ £ 1913 1,913 (1,443) (1,325) 470 588 224,919 209,916 (5,401) (4,681) 205,235 205,235 205,823 205,823 205,823 205,823 205,823 191,307 14,165 14,516 219,988 205,823 |
|---|---|---|---|
588 205,235 205,823 |
|||
| 205,823 191,307 14,516 |
|||
| 205,823 |
The financial statements were approved by the Board on[29/06/2021] and signed on its behalf by
Chair of Trustees S Mahmood
Charity Registration number 288143
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