2023-08-31-accounts - West London Islamic Centre

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			X
			8		Restricted
				Unrestricted	income	Endowment	Total this		Total last
			10	funds	funds	funds	year		yeal'
				E	8	E		8	8
Fixed assets				F01	F02	F03		F04	F05
Intangible assets		(Note 15)	801
Tangible assets		(Note 14)	802	1,704,886			1,704,886		1,701,636
Heritage assets		(Note 16)	803
Investments		(Note 17)
		Total fixed assets	805	4, 8			,7	4,8
Current assets
Stocks		(Note 18)
Debtors		(Note 19)	807	29,585			29,585		30,487
Investments		(Note 17.4)	808
Cash at bank and	in	hand (Note 24)	809					6,878
	Total cunent assets		810				91,4		6 7,
Creditors: amounts		falling due within
one year (Note 20)			811	184,162			184,162		178,926
Net cunent		assetsl(liabilities)	e12
Total assets less current liabilities			e13
Creditors: amounts		falling due after
one year	(Note 20)		814
Provisions for liabilities			815
Total net assets or liabilities			e15	2,437,188			2,437,188		2,220,419
Funds ofthe Charity
Endowment funds	(Note 27)		817			2,220,419	2,220,419		1,926,041
Restricted income	funds (Nota 27)		815
Unrestricted funds			e10	216,769			216,769		294,378
Revaluation reserve			820
		Total funds	821			,4
Signed by one or iwc	trustees on behalf ofall								Date of
the trustees				Signature		Print	Name		approval
									dd/mm/
						Muhibur	Rahman		10/12/2023
						Mohammed	A'mal	Sheikh	10/12/2023

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Note 3					Analysis	Analysis	of	of	Income	Income	Income
															nccuicivs
														uxmclrlcnd	ixcomc	Endcwmcni
															r cds	S nuv	Total funds		prier year
																	8		5
Donations			Donations		and	Ns								238222			238	222	295	888
and legasles:
			L sass
			General	grants provided					by govsmmentiolhsr
			charities											3408			3	408	3	518
			Membamhip		subsoriplions					and sponsorships
			whmh sre in substance					donations
																				180
			Donnt8d	nods,		fndll58s			slid		ssrvlcss
			Other
													Total	241,630			241	630	299	588
Charlmble			Qursn Classes
ecllvNes:														37747			37	747	28	476
			Adverbsement											725				725		708
			Nikaeh											750				750		450
			Other
													TCNI	39,222			39222
Other trading
acfivifiss:
			Other
													TONI
Incame from			Interest income
Invsstmenls:			Dividend	income
			Rental and		lessin	income								70881			70	681	66	528
			Other																10	058
													Tobel	70881			70	fifii	76	588
geparste
material	fiem
ofIncome:
													Total
Olhen			Conversion		ofendowment					funds		into income
			Gmn on disposal			ofetangilim					fixed asset		held
			for chn	sowii		usc
			Gmn on dnpossl			ofa programme						related
			investment
			Royalties	from the exploita6on of								integamual
				ri	hts
			Orner																3974
													Taint						3974
TOTALINCOME														351733			351	733	409779
(nhsr Infannaaon:
Aa income		In ms prior year			was unrestricted					except for:
Iplesse provide			dcscdplion		and amounts)
Where any endowment Crud					is converted				inlc		income in lhe
repor Snit	period, please give thc					reason		for		lhe convemlon.
within lhs Income name above the fogowlnp										Items		are
malerleh	tplesss		disclose	the nature,			amount				snd	any prior
puu srnouiits)

Note 4	Analysis ofreceipts o	fgovernment grants
				This year	Last year
		Description			R
Government	grant 1
Government	grant 2
Government	grant 3
Other
			Total
Please provide details ofany
unfulfilled	conditions and other
contingencies attaching togrants
that have been recognised inincome.
Please give details ofother fonna of
government	assistance fmm which
the charNy	has directly benefited.

Please provide details ofthe
accounting policy forthe recognition
and valuation ofdonated goods,
facilities and services.
Please provide details ofany
unfullilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in Income.
Please give details ofother fonna of
other donated goods and services not
recognised in the accounts, eg
contribution ofunpaid volunteers.

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Please explain	the	natu/e ofeach extraordinary
			This year	Last year
		Description	E	K
Extraordinary	item	1
Extraordinary	item	2
Extraordinary	item	3
Extraordinary	item	4
Total extrordinary		items

			Amount	received	Amount	oaid out	Balance held at period end	Balance held at period end
Description/name	ofparty	Related
		party ives	This year	Last year	This year	Last year	This year	Last year
		or Noi
		Total

Descriptionlname	ofparty		Balance held at period end	Balance held at period end
			This year	Last year
		Total

												Basis of
		Raising	funds	Activity	1	Activity	2	Activity	3	Grand	total	allocation
Supportcost												ascn
exam	les											method)
Governance
Other
Total

was paid please en	ter T	I'in the appropriate box(esJ.
						This year	Last year
						K	K
Independent examiner's		fees
						NIL	NIL
Assurance services	other than audit or independent		examination
Tax advisory fees
						NIL	NIL
Other fees (for example:		financial advice, consultancy,		accountancy	services) paid
to the independent	examiner

13.1 A	nal	ysis	ofgrants paid (i	ncluded in cost ofcharitab	le activities)
				rants to	Grants to
		Analysis		Institutions	individuals	Support costs	Total
Activity	or	project	1
Activit	or	ro'ect2
Activi	or	ro'ect	3
Activi	or	ro'ect	4
			Total

13.2Grants made to institutions
/dy chanty has made grants toparticular institutions that are material in the context ofits grantmaking. Details ofthe Insthutlon supported, purpose ofthe gnrnt and total paid toeach institution is available on the charity's web sita	Yes No	Please provide details ofcharity's URL. P/ovide details below
Names ofinstitution Purpose		Total amount of rants id E

Nol» 15 Intangible	Nol» 15 Intangible	asseta	asseta	asseta
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Aayuons
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Revalualkns
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At end ofthe Teer
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Nspctols
Amorhcalan
Impairment
Transfers'
At end ofyear
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18.1 Please state the canying activities.	amount ofsto	ck and work in	progress ana	lysed betwe	en
		Stock	Donated	goods
					Work in
	For	For resale	For	For resale	progress
	distribution		distribution
Charitable activities:
Opening
Added in period
Expensed in period
Impaired
Closing
Other trading activities:
Opening
Added Inperiod
Expensedin period
Impaired
Closing
Other:
Opening
Addedin period
Expensed in period
Impaired
Closing
Total this year
Total pmvious year

debto	m orp/spayments.	m orp/spayments.
19.1	Analysis ofdebtors
Trade	debtors
Prepayments		and accrued income
Other	debtors

This year	Last year
29,585	30,487
29,585	30,487

Trade debtors
Prepayments	and accrued income
Other debtors

	This	year	Last	year
Total

Accruals for grants payable
Bank loans and overdrafis
Trade creditors
Karz-e-Hasna
Accruals and deferred income
Taxation and social security
Other creditors

	Amounts	falling due	Amounts	falling due after	falling due after
	within one year		more	than	one year
	This year 6	Last year	This year f		Last year f
	51,657	47,452
	120,550	120,550
	926	1,127
	11,028	9,798
Total

Novementin	Novementin	deferredincome account	deferredincome account		This year	Last year
					E	E
Balance	at	the start ofthe reporting	period
Amounts	added in current period
Amounts	released to income from		previous	periods
Balance	at	the end ofthe reporting	period

		Cash	at bank and in hand
						Thh year
Shod	term sash Investmenls		ilees Smn 3months	matnrlty	dale)
Short	term depoehs
Cash	st bank and on	hand				886.878	667,223
Olher
Total

27.3 Transfers	27.3 Transfers	between	between	funds
				Reason for transfer and where endowment		is converted to income,	Amount
				le al power for its conversion
Between	unrestricted		and
restricted	funds
Between	endowment		and
restricted	funds
Between	endowment		and
unrestricted funds
27.4Desi nated funds
Planned		use		Pur oseofthe desi	nation		Amount

In Ihe period	Ihe chenly Iws paid evssees remunemdon	Ihe chenly Iws paid evssees remunemdon	Ihe chenly Iws paid evssees remunemdon	and twnems.	and twnems.	pAwcs	give gle amount	give gle amount	give gle amount	of and algal aumotgy	of and algal aumotgy	Iur,	arty
remuneret/oh	orother	senelgs paid toa trustee by Ihe		chemy orany		Insgtutmn		orcompany connected			wite lt.
								Amounhr	paid	or benefit value
								TSN	ar			Last	ar
			Legal authority	leg	gcmunarcum			Pwwwn	Rwlweuuclr		Cher	TOTAL
Name ofwstee			order, governing document)				corlhlbeuoh		ghcludlhg loss of
									emceyex
Phase give mucib ot		why mmuneradon	orower
emplbymenr	Aenems	warn paAL
hvhem an er	grade peymertt has Seen made loa euslee,
pmviife cn erplsnagon		olthe netvm ofme payment.

	~ ~
	Only complete ifthe examiner needs to highlight material matters ofconcern
	(see CC32, Independent examination ofcharity accounts: directions and
	guidance for examiners).
Give here brief details of	Bramleys Accountants Ltd, where Mukhtar Assad Ali (the examiner) serves	as
any items that the	a director, provides book-keeping and payroll services to the West London
examiner wishes to	Islamic Centre (WLIC) on a pro bono basis.
disclose.
	The examiner confirms that FRC's Revised Ethical Standard has been applied
	and the criteria in Direction (CC32)2.5 has been met.
	During my examination ofthe Accounts ofWLIC, I noticed that the Charity	had
	set up merchant account facilities to enable collection ofdonations, from
	worshippers, using credit and debit cards.
	These accounts were set-up, in a hasty manner, without knowledge ofthe
	board ofTrustees, which caused me some concern prompting me to assess the
	various areas ofrisks that could have arisen.
	A meeting with the Trustees was convened immediately to assess exposure to
	risks of potential fraud and money laundering. The Trustees conducted their
	own review ofthe card collection accounts, reconciling transfers into the
	Charity's current account, from the merchant accounts, thus confirming that all
	funds have been properly accounted for. As a result ofour review, passwords
	and logins have been changed by the General Secretary to be entrusted to
	responsible individuals. I advised that the card facility accounts are to be
	accessed at least once a month with a view to print statements.
	At a second meeting with the Trustees, I sought assurances from them that	for
	any similar fund-raising activities, going ahead, the procedures must be
	properly adhered to and noted in the minutes.
	I am satisfied that there are no other areas ofconcern that has dawned upon
	my independent examination.