BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR ThE YEAR ENDED 31 MARCH 2023
CONTENTS
Page
Contents
Offlcers
Executive Board's Fieport
Audltovs Report
ststement of Financlal Artlvltles
io
Balance Sheet
li
Notes to the Accounts
12
Page I

BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023
OFFICERS
BOARD
CHAIRMAN
Mr Muhammed Arshed
EXECUTIVE sEcR￿AR Y
Mr Ameer Ibrahlm
TREASURER
Mr Hassan Farooq
OTHER BOARD MEMBER5
Dr Wasif Naeem
Dr Imran Yousuf
Dr Sadaf Gul (resigned June 2022)
Mr Nablr Othman (resiged June 2022)
Mr Shoalb Tareen
Mr Nafiu Abubakar (appointed Marth 2023)
TRUSTEES
Dr Shahld Tariq
Mr Louay Majeed
Dr Yousef Hannore (decd May 2022)
Or Saleem Khan Tareen
Dr Raja Harun
Mr Mahsood Alarn (appolnted May 2022)
EMPLOYEES
Mr Anwar Mady
Mrs Pashmlna Kashlf
Ilona Choudhary
Samlna Tambuwala
Amama Azam
AUDrn)R
Mlnshull & Co
Chartered Accountants
19 Crescent Business Park
USBURN
BT28 2GN
a4NKERS
Bank of Ireland
Belfast City Branch
BELFAST
BTI 2BA
Danske Bank
Donegall Square West
BELFAST
BTI 6JS
HEAD OFFICE
13-19 Unlverslty Road
BELFAST
BT7 INA
Page 2

BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023
BOARD REPORT
The board present their annual report together with the financlal statements for the year to 31
March 2023.
AIMS AND OBJEcfIvES
The Belfast Islamic Centre wa5 estsblished In 1978 by a group of Musllms from the local communlty.
Today the centre acts not only as a pla￿ of worshlp but also as a communlty centre, soclal-cultural centre,
resour￿ centre, adv1￿ centre and day trntre.
The Belfast Islarnic Centre aims to
Run the Mosque, provlde religious services, instructlons and guidance to the Muslim
communlty
Provide education for all sectlons of the cornmunlty In order to lead life In the
current multi-cultural society as a Muslim, as an Ideal eltlzen and to aid integration
Provlde soclal and cultural services In order to preserve the communlty Identity
Provlde a guldance and resource Service to educatlonal Instltutions, hospitsls and
prisons and generally to all communities irrespective of thelr rellglon
Provlde an advlsory Serv1￿ to solve educational, cultural and soclal problems
Provide soclal welfare services to the vartous groups of the community
The Centre also provldes
Children's educatlon through its various schools
Youth de4elopment through athvities and seminars
Soclal and recreational programme5 for women
Adult education
EXECirnE BOARD
The policy and general management of the affairs of Belfast Islamlc Centre shall be dlrected by the
Executlve Board drawn from registered members who have been resident in Northern Ireland
for at least one year and have the Intentlon to reslde for at least another two years, and are reputably
practlsing Musllms.
The Board shall meet at least once per month - flve members belng required for a quorum. A
member will be deemed to have resigned from the Board if not in attendance for three
consecutlve meetings wlthout supplying notlce.
RESULTS
The Net Incornlng Resource5 for the year amounted to
£146,955

BELFAST ISLAMIC CENTRE
FINAhlCIAL STA TEMEIVTS FOR THE YEAR EP4DED 31 MARCH 2023
BOARD REPORT
(contlnued)
TRUSTEES
All the property of the Centre, whatever or however, shall be vested In at least five and preferably
seven appointed trustees as Jolnt tenants on behalf of the centre.
The trustees are appolnted by the Office Bearers, the Executive Board and the rest of the
Trustees from among the Full Members of the Centre who have been permanent residents of Northern
Ireland for at least five years and are well respected members of the community.
The Trustees shall hold offlce for four years each term and are eligible for re-appolntment for another
terni. After two conecutive tems a Trustee will not be entitled to serve again as Trustee until a period of
at least slx years has elapsed.
If the offlce of trustee should fall vacant, another Trustee shall be appolnted by the mutual agreement of
the remaining Trustees and the Executive Board.
The post of Trustee shall be vacated If the Trustee:
(a) Resigns from the trusteeship•
(b) Fai15 In hls duties as determined by the remainlng Trustees and the Executive Board.
(c) Dles or leaves Northem Ireland; or
(d} Is dlsmissed from his posltlon If he commits an immoral art or Is convicted of a crime.
The Trustees may deal wlth the property so vested In them by way of sale, exchange or lease, such dlrection
being glven by resol ution of the Executive Board of the Centre and when so passed sha15 In favour of
the purchaser, exchange or lease be binding upon members of the Centre.
The Trustees Shall meet periodically at least four tiffle5 a year and shall nomlnate among themselves a chalr
person. They shall also nomlnate one or more Trustee to attend the Executlve Board meetlng If and
when invlted.
The Trustees collectlvely shall have the authorlty to call a General Meeting of the Centre whenever there Is:
(a) Violatlon of the Constitution of the Centre.
(b) A seriou5 dispute between the Executlve 8oard and members of the Centre which
could not be resolved amlcablyi
(c) A major di5PUte among members of the Executlve Board whlch cannot be resolved. or
(d) Whenever a by-election is deemed necessary.
The Trustees shall officiate as Election Commlttee durlng the dection of the Executive Board.
MEMBERSHIP
Membership Is open to individuals or organlsatlons who:
(a) apply to the Centre in the fonn required by the Executlve Board; and
(b) are approved by the Executlve Board.
Every appllcatlon for admlsslon shall be consIde￿d by the Executlve Board at their flrst meetlng after
it was made, or as soon thereafter as Is practicable. There shall be no unlawful dlscrlmination.
(a) The Executive Board may only refuse an appllcatlon for membershlp if, acting
reasonably and properlyi they conslder it to be in the best interest5 of the Centre to refuse
the appllcation.
Page 4

ELFAST ISLAMIC CENTRE
FINAP4CIAL STAfEMEhlTS FOR THE YEAR ENDED 31 MARCH 2023
BOARD REPORT
(continued)
MEMBERSHIP
(b) The Executlve Board must Inform the appllcant In wrltlng of the reasons for the refusal
withln twenty-one days of the declslon.
(c) The Executlve Board must conslder any written representations the applicant may
make about the decision. The Executive Board's deci51on following any written
representatlons must be notlfied to the appllcant In wrltlng but shall be flnal.
Membership Is not transferable.
The Centre must keep a register of names and addresses of the members and should periodically update It.
CLASSES OF MEMBERSHIP
The rights and obligations of the dlfferent classes of membershlp shall be recorded in the register of
members. There shall be five classes of membership..
(a) Centre Members: All Musllms are welcome to use the Centre fadlitles, tske part In the
activltles at the cent￿ and apply to become Centre Members. Persons wlshing to become
Centre Members shall rnake an applicatlon for membership to the Executive Board
In the agreed format. Centre Members wlll not be entitled to attend, speak at or vote at
General Meetings or elections or stand for election to the Executive Board or trustees.
(b) Full Members.. All Muslims are entitled to become Full Members of the cent￿ provided they:
l) Have been cent￿ Members or a youth member for a perfod of at least twelve month5;
ii) Are aged 17 years or over.
iii) Are currently unconditionally resldent in Northem Ireland and have been resident in
Northem Ireland for a perfod of at least two years. and have made an application to the
Executlve Board In the agreed format and have paid to the Centre any annual
membershlp fees which may be due. Full Members of the Centre wlll be entitled to attend,
speak and vote at elections and al General Meetlngs of the Centre. Only Full Members of the
Centre and practlslng Musllms of good character shall be entitled to stand for election to the
Executlve Board or as Trustees of the Cent￿.
(c) Affiliate Members: Any organisatlon attlve within the area of beneflt, whether voluntary or
statutoryi which subscribes to the obJects of the Centre may apply to the Executlve Board
to become an Affillate Member. If such application Is accepted by the Executlve Board the
Afflllate Member wlll be entltled, by prlor wrltten notificatlon to the Secretary, to nomlnate
an authorised representative who may attend and speak at General Meetlngs as observer but
wlth no voting power.
(d) Honordry Members: Any well-wisher or person who. in the oplnlon of the Executlve Board,
has speclal knowledge or experien￿ to offer to the Centre may become an Honorary Member.
Honorary Membership of the Centre may also be granted to former Centre Members or fonner
Full Members who nD longer reside in Northern Ireland. Honorary Members w511 be entitled
to attend and speak at General Meetings of the Centre, but wlll not be entitled to vote.
(e) Youth Members., All Muslims over the age of 12 and under the age of 17 are entitled to
become Youth Members of the Belfast Islamic Centre. Youth Members must have made
an appllcatlon to the Executlve Board In the agreed format and have paid to the Centre
any annual membership fee that may be due. Youth Members will not be entitled to attend,
speak at or vote at General Meetings or stand for election for Executlve Board.
Pag8 5

BELFAST ISLAMIC CENTRE
FIhlANCIAL STA TE14EIVTS FOR THE YEAR ENDED 31 MARCH 2023
BOARD REPORT
(continued)
CLASSES OF MEMBERSHIP
The Executive Board may not directly or indirettly alter the rights or obligations attached to a dass
of membershlp. The rfghts attached to a class of membership may only be varied by a special resolutlon
of the AGM.
FINANCIAL REVIEW AND RESERVES POUCY
The reserves at 31 Marth 2023 werf £1,834,507 whlch Includes readlly avallable funds whlch cover several
years running costs excluding wages. As usual, further work is required to secure continued funding but
the core cost support secured agaln thls year has been key to progress. Expendlture Is planned to provlde
services to support the company's objectives therefore most expense is directly for religious, cultural and
education purposes durlng the year. General funds are unre5trfcted funds which are available for use at
the dIsC￿tIOn of the trustees In furtheran￿ of the general objectives of the charity and which have not
been designated for other purposes. Deslgnated ftjnds comprise unrestricted fvnds that have been set
aside by the tnjstees for particular purposes. The aim and use of each designated fund is set out In the
notes to the financial statements If identlfied as such. Restrlrted funds are funds which are to be used in
accordance wlth speciflc restrictions irnposed by donor5 or which have been rdi5ed by the charity for
partlcular purposes. The cost of raislng and admlnlstertng such funds are tharged against the 5peclfic fund.
FUTURE PLANS
The assoclatlon's Current funding has 5tabilised and it intends to secure similar funding in the near
future so that the current services will contlnue to be offered to those who most need them as described
in the Aims and Objectives above.
The work on the new Mosque is now almost complete wlth the new premlses now occupied.
IMPAcf OF COVIDw19
The Impatt of coranavlrus restrtrtlons meant that there was naturally a blgger concentration on remote
activities, whlch ran suc￿SsfUlly. There has been no materlal Impact on the charfty's sustalnability due to
sufficiency of reserves. The trustees and board are satisfied that they have made ne￿sSary
adjustments to ensure that Belfast Islamic Centre will continue to achieve its objectives.
GOZNG CONCERTI
The board, havlng con51dered the charfty's income streams, flnanclal means and strategy for deallng
wlth issues such as the impart of Covld-19, over the next 12-18 months, are satisified that the golng
concem basis is appropriate.
TAX STATUS
The Inland Revenue has accepted that Belfast Islamlc Centre Is a charlty and reglstered It as such under
the reference XN 79682
AUDITOR
The audltor, Donald R Minshull FCA of Messr5 Minshull & Companyi Charte￿d Accountants and
Registered Auditor, offer5 himself for re-appointment as auditor.
BY ORDER OF THE BOARD
Chairman
Date
18 Aprll 2024
Page 6

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BELFAST ISLAMIC CENTRE
Oplnion
We have audited the financial statements of Belfast Islamlc Centre for the year ended 31 March 2023 whlch
comprise the Statement of Financial Activity, Balance Sheet and ￿lated notes to the financial statements,
Includlng signlficant accountlng pollcles. The financial reporting framework that has been applled In thelr
preparation Is appllcable law and United Kingdom Accounting Standards,including The Charities SORP(FRS102).
In our opinlon the financial statements:
glve a true and fair view of the stste of the charitfs affairs as at 31 March 2023, and of Its surplus
for the year then ended;
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practlce;
have been prepared in accordance with the requirements of the relevant leglslatlon.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
appllcable law. Our responsibilltles under those standards are further descrlbed In the Auditorfs responsibilltles
for the audit of the financial statements section of our report. We are independent of the charfty In accordance
wlth the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsiblllties In accordance wlth these
requlrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provlde
a basis for our oplnlon.
Concluslons relatlng to golng concern
In audlting the finandal statements, we have conclLAded that the board's use of the golng concern basls of
accountlng in the preparation of the financial statements Is appropriate. Our evaluation of the board'5
assessment of the entlty's ablllty to continue to adopt the going concem basls of accountlng Induded an
examinatlon of the cash inflows and outlfows projected over the next 12 months running all the ajrrent projects
These projects all provide suffident fundlng to cover overheads and sUPPOrt - backed up by budgets for the
future and hlstorlc ablllty to cover these costs.
Based on the work we have perfornied, we have not Identlfled any materfal un￿rtaIntleS relating to events or
conditlons that, individually or collettlvelyi rnay cast slgnificant doubt on the charity's ability to continue as
going concern for a perl<)d of at least 12 months from when the flnandal statements are authorlsed for Issue.
Our ￿SpOnsIbIlItIeS and the responslbllltles of the board wlth respett to golng concern are descrfbed In the
relevant sectlons of thls report.
Other Inforniatlon
The other infomiation comprises the infomation induded In the annual report, other than the ftnancial
statements and our audltorfs report thereon. The board Is responslble for the other Information Contalned withln
the annual report. Our opinion on the finandal statements does not cover the other information and, except
to the extent othenNlse expllcltly stated In our report, we do not express any form of assurance conduslon
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
Infornatlon Is materially Inconslstent wlth the flnanclal statements or our knowledge obtalned In the course of
the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent materlal mlsstatements we are ￿quired to determine whether thls gives rise to a materlal
mlsstatement In the financial statements themselves. If, based on the work we have performed, we conclude
that there Is a materlal mlsstatement of thls other inforTnatlon, we are requlred to report that fact.
We have nothing to report in this regard.
Page 7

INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF
BELFAST ISLAMIC CENTRE
(continued}
Opinlons on other matters prescrlbed by the Companles Art 2006
In our opinion, based on the work undertaken In the course of the audit:
the information given in the board's report for the financial year for which the financial statements
are prepared is consistent with the financlal ststements; and
the board's report has been prepared in accordance with applicable legal requlrements.
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the charity and its envlronment obtslned in the course of
the audit, we have not Identlfied material misstatements In the board's report.
We have nothing to report in respect of the following matters In relation to which the Companies Act 2006
requires us to report to you if, in our opinlon:
adequate accountSng records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us. or
the financial statements are not in agreement wlth the accounting records and returns. or
certaln disclosures of trustee's remuneration specified by law are not made; or
we have not recelved all the information and explanations we require for our audit; or
the board was not entitled to prepare the financial statements in accordance wlth the small
companles reglme and tske advantage of the small companies, exemptions in preparing the
board's report and from the requlrement to prepare a strateglc report.
Responslbllitles of board
The board is responslble for the preparation of the flnancial statements and for belng satisfied that they give
true and falr vlew and for such Intemal control as the board determines is necessary to enable the preparation
of financlal statements that are free from material mlsstatement, Y¥hether due to fraud or error.
In prepadng the flnanclal statements, the board Is responsible for assesslng the tharity's ablllty to contlnue as
golng concern, dlsclosingi as applicable, matters related to golng concern and uslng the golng concern bas15
of accountlng unless the board elther Intends to liquidate the charity or to ￿ase operatlons, or have no
reallstic alternative but to do so.
Audltor's responsibillties for the audit of the flnanclal statements
Our objectives are to obtain reasonable assurdnce about whether the financial statements as a whole are free
from materlal misstatement, whether due to fraud or error, and to Issue an auditorfs report that Includes our
opi nlon. Reasonable assurance is a hlgh level of assurance, but Is not a guarantee that an audit conducted In
accordan￿ with ISAS (UK) will always detert a material mlsstatement when it exlsts. Mlsstatements can arise
from fraud or error and are considered materfal if, individually or In the aggregate, they could reasonably be
expetted to influence the economic decisions of users taken on the basis of these flnanaal statements.
Irregularities. Including frdud, are Instances of non-complianee wlth laws and regulatlons. We design
procedure5 in line with our responsibillties, outlined above, to detect material mi5Statements In respert of
Irregularlties, including fraud. The speclfic procedures for thls engagement and the extent to whlch these are
capable of detecting irregularities, including fraud is detailed below..
we perfomied analytical procedures, and reviews, to identlfy large, recurring or unusual Items
and fully examlned and verffied each;
we examined all transactions of the charlty to ensure all Items are properly recorded and properly
approved by management;
we examlned the operotlon of funded attlvltles to ensure all monies are properly dalmed and
spent and that no expense is duplicated In grant claims;
we ensured there were no expenses included, or Income excluded, that we found evidence of
and that was not accounted for appropriately.
Paga 8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BELFAST ISLAMIC CEiifRE
(contlnued)
Because of the Inherent Simitations of an audlt, there is a risk that we will not detect all irregularitie5, induding
those leading to a materlal mlsstatement in the finandal statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
refiected in the flnanclal statements, as we wlll be less Ilkely to become aware of instances of non-compllance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
Intentional concealment, forgeryi colluslon, omisslon or misrepresentatlon.
As part of an audit In accordance with ISAS (UK), we exerclse professional judgment and maintain professional
soptlclsm throughout the audit. We also:
Identlfy and assess the risks of material misstatement of the finanaal ststements, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and obtain audlt
eVIden￿ that Is sufflclent and approprlate to provlde a basis for our oplnion. The dsk of not
detecting a material misstatement resulting from fraud 15 higher than for one resulting from error,
as fraud may Involve colluslon, forgery, Intentlonal omlssions, misrepresentations, or the override
of Internal control.
Obtaln an understand5ng of Internal control relevant to the audlt In order to design audlt
procedures that are appropriate in the arcumstances, but not for the purpose of expresslng on
opinlon on the effettlveness of the company's Internal control.
Evaluate the approprlateness of accountlng pollcles used and the reasonableness of accountlng
estlmates and related disclosures made by the dlrectors.
Conclude on the approprlateness of the board's use of the golng concern basls of accountlng
and, based on the audlt evldence obtained, whether a material uneertalnty exists related to events
or conditions that may cast significant doubt on the charity's abllity to continue as a golng concern.
If we conclude that a materfal uncertainty exlsts, we are required to draw attention In our auditorfs
report to the related dlsclosures In the flnancial statements or, if such disclosures are Inadequate,
to modify our opinion. Our conclusions are based on the audit evldence obtalned up to the date of
our audltor's report. However, future events or condltlons may cause the tharlty to cease to
continue as a going concern.
Evaluate the overall presentatlon, strutture and content of the financlal statements, includlng
the disclosu￿5, and whether the financlal statements represent the underlying trdnsactlons and
events In a manner that achieves falr presentation (ie. gives a true and falr vlew).
We communicate with those charged with governan￿ regarding, among other matters, the planned scope
and timlng of the audlt and slgnlficant audlt findlngs, IncSudlng any slgnlficant deflciencles in internal control
that we identify during our audit.
Use of our report
Thls report is made solely to the charity's member5, as a bodyi In accordance wlth Chapter 3 of Part 16 of
the Companles Act 2006. Our audlt work has been undertaken so that we might state to the charlty's members
those matter5 we are reqUI￿d to state to them In an audltorfs 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
charfty's members as a body, for our audit work, for thls report, or for the oplnlons we have formed.
On behalf of
DONALD MINSHULL FCA - Senlor Statutory Audltor
statutory Auditor
Minshull & Co
statutoryAudAtor
19 Grescent Buslness Pa
Llsbum
8728 2GN
Date
18 Aprll 2024
Page 9

BELFAST 15LAMIC CENTRE
FINANCIAL STA TEMENT5 FOR THE YEAR ENDED 31 MARCH 2023
STATEMENT OF FINANCIAL ACllVITIES FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
INCOME
Income ftDm Charltable Actlvltles
Unrestricted Grants and Donations
Contribution to Property Expenses
Restricted Fund Grants and Fees
Courses, School and Servlce Income
IftarlRamadan Donations
Zakat al Fitr and Fitrana Donations
Zakat Donations
Mosque Renovation Donatlons
Profit on Sale of Property
Note
44,055
764
48,724
10,632
12,518
6.158
13,033
125,828
9,443
26,289
17,216
41,623
13,540
3,640
2,740
11,759
56,150
io
271,155
172,957
EXPENDITURE ON CHARrrABLE ArnVITIES
Programme Costs
Ramadan and Other Receptlons
School/Volu nteers
Fundraising Expenses
Salary Costs
Pension Contrlbutlons
Restrl¢ted Fund Activiti•s
Contribution to Overheads
Youth & Trdlnlng Programme Costs
Equipment Dep￿ciatIon
Salary Costs frorn Restricted Funds
Penslon Costs from Restrfcted Funds
ZakaVFItr/Appeals
Total
5,124
7,213
11,420
7,253
6,192
157
409
2,131
15,410
7,933
9,704
2,574
3,776
204
34,383
511
11,810
350
30,454
448
23,550
(101,865)
(79,141)
Totsl Income less Dirqrt Charitable Expendlture
GOVERNANCE AND SUPPORT cosrs
Contrlbutlon to Overheads from Restricted Grants
Insuran
Rates, Heat and Llght
Building Maintenance
Property refurbishment
Equipment Repairs and Leaslng
Telephone
Postage, Statlonery and Office Supplles
Advertising and Website Expenses
Other Travelllng, Subslstence & Entertalnment
Depreciation
(Profit)Loss on Sale of Fixed Assets
Sundry Expenses
(includlng Bank Charges)
GOVERNANCE EXPENSES
Legal and Professlonal fees
Accountancy & Audit Fees
Total
169,290
93,816
{9,704)
3,548
8,004
9,096
(2,574)
2,381
8,054
5,360
1,986
1,142
873
560
2,364
80
558
92
104
168
612
578
2,292
289
3,888
837
3,300
7,176
3,290
(22,335)
(32,103)
BANK INTEREST RECEIVABLE
Net Income(Expendltur•) for the P¢rlod
Total Funds Brought Forward at l April 2022
146,955
1,687,552
61,713
1,625,839
Total Funds Carrled Forward at 31 March 2023
1,834,507
1,687,552
The notes on pages 12 to 16 form part of these accounts
Page 10

BELFAST ISLAMIC CEhlTRE
FIhlANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023
BALANCE SHEET AS AT 31 MARCH 2023
Note
2023
2022
restated
Fixed Assets
984,420
1,181,465
Current Assets
4 1,183,352
7Q5,796
Current Llabllltles (•i¥Jouiits r•dlng due wlthth one year)
{132.073)
(57,483)
Not Current Assets
1,051,279
648,313
Loan Repayments Due After One Year
(201,192)
(142,226)
Net As$¢ts
1,834,507
1,687,552
FUNDS
Unrestrlcted Funds
477,256
459,538
Restricted Funds
20,966
17,557
Mosque Account
1,336,285
1,210,457
Balance at 31 March 2023
1,834,507
1,687,552
Approved, and authorlsed for issue. by the Board on the date below and signed on its behalf by
Chalrman
Date
Tr¢asureT
Secretary
18 April 2024
The notes on pages 12 to 16 form part of these accounts
Page 11

BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
I. ACCOUNTING POLICIES
The followlng accounting policies have been used conslstently In dealing with Items which are considered
material in relatlon to the charity's financlal statements.
(a)
Basls of Preparatlon
The financlal statements have been prepared In accordance with Accountlng and RepDrtlng by Charltles: Ststement
of Recommended Practlce applicable to charltles preparing thelr accounts In accordan￿ with the Flnanclal
Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021(effettive l January 2015) -
(Charftles SORP (FRS102)). the Flnanclal Reporting Standard applicable In the UK and Republic of Ireland and
the Companies Act 2006.
The company meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllltles ore Inltlally
recognised at historical cost or transacton value unless othe￿iSe ststed in the relevant accounting policy note.
(b)
Reconclllatlon Wlth Prevlous Genernlty Accepted Accountlng Practlce
In preparing the accounts, the dlrectors have declded that In applylng the accounting poli¢les requlred by
FRS 102 and the Charltles SORP FRS 102 no restatement ol comparatlve items was requlred.
(c)
Preparntlon of the Ac¢ounts on a Golng Concern Ba￿"S
The charfty reported
£146,955 cash inflow for the year and the directors have formulated a strategy that
ill secure the Immedlate future of the company for the next 12 to 18 months and on that basls the charity Is a
golng concern.
(d)
Income
Income Is recognlsed when the company has entltlement to the funds, any performance conditlons have been met,
it Is probable that the Income wlll be recelved and the amount can be measured reliably.
Income from govemment and other grants, of a revenue nature, 15 reGognlsed when the company has entltlement to
the funds, any performance conditions attached to the grdnts have been met, It 15 probable that the Income wlll be
ceived and the amount can be measured reliably and Is not repayable to the funder.
Capltal grants are amortised in line with the depreclatlon of the assoclated assets, the purchase of which has been,
funded by sald grants.
{e)
Donated Servlces and Facllltles
Donated profe55lonal sen4l¢es and donated facllltles a￿ recognlsed a5 Income when the company has control over
the item, any conditions associated with the donated item have beers met, the recelpt of economlc benefit from the
use of the Item by the charlty is probable and the economic benefit can be measured reliably. In accordance wlth
the Chartles SORP (FRS 102) general volunteer tlme Is not recognlsed.
On receipt, donated professlonal services and donated faclllties are recognised on the basis of the value of the olft
to the charlty whlch Is the amount the charity would have been wllllng to pay to obtaln servlces or facillties of
equlvalent economlc benefit on the open market. a corresponding amount is then reco9nlsed In expenditure in the
perlod of recelpt.
(n
Interest Recelvablo
Interest on funds held on deposlt Is Included when receivable and the amount can bemeasured rellably by the
company• normally upon notlflcatlon of the Interest paid or payable by the financlal instltutlon.
Pago 12

BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR EAIDED 31 &YARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
(contlnued)
(g)
Fund Ac¢ountlng
Unrestrtrted funds a￿ available to spend on attlvltles that further any ofthe purpoes of the company. Deslgnated
funds are unrestrfcted funds of the charfty that the directors have declded at thelr dlscretion to Set aslde to use
for a specific purpose. Restrirted funds are donations whlch the dollor has specified are to be solely used for
partlcular areas of the company's work.
(h)
Expendlture and Irrecovernble Valu• Added Tax
ExpendItU￿ is recognlsed once there is a legal or corkstructlve obllgatton to make a payment to a thlrd paity, It
15 probable that settlement will be requireed and the amount of the obligation can be measured reliably.
Expenditu￿ is classSfied under the following actlvtty headings:
costs of raislng funds comprlse the costs of commerclal trdding
expendItU￿ on charltable activities Includes the costs of attlvitles undertaken to further the
purposes of the company
governance and support costs Include all other costs
Irrecoverable Value Added Tax Is charged as a c05t against the actlvlty for whlch the expendlture was Incurred.
(i)
Support Costs
Support costs are dlsdosed separately In the Ststement of Financlal Actlvltles.
u)
Tangible Flxed Assets and depreclatlon
Tanglble flxed assets costlng £200 or more are stated In the account5 at orfglnal cost less depreclatlon In order
to write off the cost of fixed assets. over thelr estimated useful Ilves, uslng the following annual rate
Flxtures, flttlngs and equlpment
25% stralght Ilne
(k)
Debtors and accrued Income are recognised at the settlement amount due after any discount offered. Prepayments
are valued at the amount prepaid.
Cash at Bank and In Hand
Cash at bank and cash In hand Includes cash and short tenn hlghty Ilquid investments wlth a short maturity of three
months or less from the date of acquisltlon or openlng of the deposit or slmlalr account.
(m)
Credltors 4Tnd Provlslons
Creditots and provlslons are recognised where the company has a present obligation resulting from a past event
that will pFr)bably result in the trdnsfer of fijnds to a thlrd party and the amount due to settle the obllgation can
be measured or estimated rellably. Credltors and provlslons are nomially recogn15ed at thelr settlement amount
after any dlscounts.
(n)
Hnanclal Instruments
The company only has flnanclal assets and financlal Ilabllltles of a klnd that quallfy as baslc flnanclal Instruments.
Baslc financlal instruments are initlally recognlsed at transaction value and subsequently measured at thelr
settlement value with the exceptlon of bank loans whlch are subsequently measured at amorused cost uslng
the effectlve Interest method.
Page 13

ELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 PIARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
(contlnued)
(o)
Charlty Status and members Ilablllty
The charfty Is Ilmlted by guarantee. The members are the trustees, that Is the board as Ilsted on page 2.
The Ilabllity In respect of the guarantee Is £1 per member of the charfty.
2. YEAR'S SURPLUS IS STATED AFfER CHARGING{CREDrnNG):
2023
2022
Accountanry Fees
Audit Fees
Bank Interest Recelvable
1,650
1,650
1,645
1,645
3. TANGIBLE PIXED ASSErs
Expenditure
Fixtures &
on Property Equlpment
TOTAL
cosr
at l April 2022
Additions
Disposals
1,180,101
4.474
(201,000)
26.684
1,206,785
4,474
(201,000)
31 March 2023
983.575
26,684
1,010,259
DEPRECIATXON
at l Aprfl 2022
25,321
25,321
Charge for the Year
518
518
31 March 2023
25,839
25,839
BALANCE SHEEf VALUE
31 March 2023
983,575
845
984,420
The property at Welllngton Park Avenue havlng been revalued at £201,000 vias dlsposed of durlng the
year for £212,500.
4. CURRENT ASSETS
2023
2022
Grants and Service Income Receivable
Prepayments and Accrued Income
Cash at Bank and In Hand
43,633
1,313
1,138,406
15,812
6.448
683,536
1,183,352
705,796
Page 14

BELFAST ISLAMIC CEKfRE
FINANCIAL STA TEMENTS FOR THE YEAR EPIDED 31 MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
(continued)
5. UABILrrIES (Amounts falllng due withln one year)
2023
2022
Hlre Purchase & Loan Repayments < One Year
other Taxes & Social Securtty
Grants Deferred
Accruals and Deferred Income
115,537
274
7,280
8,982
38,965
363
8,374
9, 781
132,073
57,483
LIABILrrIES (Amounts frdlling due after one year)
2023
2022
Hlre Purchase & Loan Repayments between One and Five Years
Hire Purchase & Loan Repayments < One Year
316,729
(115,537)
181,191
(38,965)
201,192
142,226
7. FUNDS
Unrestrlcted
2023
R•strlctod (Not• 11)
2023
2022
2022
Balan￿ at l Aprll 2022
(Deficit)Surplus for the Perfod
459,538
17,718
456,839
2,699
17,557
3,409
14,693
2,864
Funds at 31 March 2023
477,256
459,538
20,966
17.557
8. TRUSTEES
The trustees ￿￿1Ved no emoluments or expenses payments during the year.
9. EMPLOYEES
Number of employees
The average monthly number of persons employed by the assoclatlon during the year was:
2023
number
2022
number
Development offi￿rS and Admlnistrative staff
Management
Total
The remuneratlon pald to the employees was
2023
2022
Wages and salaries
Pension contrlbutlons
36,645
606
42.316
511
37,251
42,827
Page 15

BELFAST ISLAMIC CENTRE
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2023
NOTES TO THE FINANCIAL STATEMENTS
(contlnued)
9. EMPLOYEES
(continued)
No employees had employee benefits in excess of £60,000 (2022: £nil}. Pension costs are allocated to
artivlties in proportlon to the related stafflng costs incurred and are charged to the relevant fund
when payable.
10. RESTRIcfED FUND GRAKfs AND FEES
2023
2022
Funder- OFMDFM
Appeals
NICRE
Belfast Clty Councll
11,142
7,768
46,175
175
4,000
5,737
Total amounts received in year
18,910
56,087
Amount accrued at l Aprll 2022
Amount deferred at l April 2022
{11,142)
8,374
(21,608)
4,376
Amount accrued at 31 March 2023
Amount deferred at 31 March 2023
39,862
(7,280)
11,142
(8,374)
Credit to Statement of Flnandal Actlvltles
48,724
41,623
11. RESTRirfED FUNDS ANALYSIS
At l April
2022
Incoming
Resources
Resources At 31 March
Expended/
2023
Transfers
Funder - OFMDFM
Appeals
Belfast City Council
39,856
7,768
I,ioo
(39,856)
(8,850)
(I,ioo)
1,175
93
1,175
48.724
6,158
13,033
(49,806)
{6,158)
(8,542)
93
Funds -
Al Fitr
Zakat
16,382
20,873
17,557
67.915
(64,506)
20,966
12. RELATED PARTIES
The are no related party transattions to report for the year.
13. TAXATION
The charity Is exempt from tax on Income and gains falllng within section 505 of the Taxes Att 1988 or
section 252 of the Taxation of Chargeable Galns Art 1992 to the extent that these are applled to its
charitable objects.
Page 16