2021-03-31-accounts - Jami Mosque And Islamic Centre (Birmingham) Trustees Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	14
Report ofthe Independent Auditors	15	to	17
Statement ofFinancial Activities		18
Balance Sheet	19	to	20
Cash Flow Statement		21
Notes to the Cash Flow Statement		22
Notes to the Financial Statements	23	to	31
Detailed Statement ofFinancial Activities	32	to	33

							2021	2020
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	163,020	895	163,915	200,027
Other trading activities				3	390,196		390,196	951,932
Investment income				4	60,103		60,103	66,712
Other income				5	~203 36		~203 36
Total					816,655	895	817450	1,218,671
EXPENDITURE ON
Raising funds				6	2,600		2,600	2,548
Other					~718264		~718 64	~842 47
Total					720,864		720,864	844,795
NET INCOME					95,791	895	96,686	373,876
Transfers between	funds			19	~2000	~2000)
Net movement ia funds					97,791	(1,10()	96,686	373,876
RECONCILIATION		OF FUNDS
Total funds brought		forward			2411440	4456	2415,896	1,842,020
TOTAL FUNDS CARRIED FORWARD					~2409 131	~3451	2412 ti82

				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	fundf	fund f.	funds	funds
FIXEDASSETS
Tangible assets	12	3,7631967		3,763,967	3,688,122
CURRENT ASSETS
Stocks	13				50
Debtors Cash at bank and in hand	14	92,003 ~579 174	~3451	92,003 ~582 625	86,578 390 119
		671,177	3,451	674,628	476,747
CREDITORS
Amounts falling due within one year	15	(1,729,018)		(1,729,018)	(1,512,768)
NET CURRENT ASSETS		~l,ll57 041)	3401	~I054 90	il 035,02))
TOTAL ASSETSLESSCURRENT
LIABILITIES		2)706,126	3,451	2,709,577	2,652,101
CREDITORS
Amounts falling due after more than one year	16	(396,995)		(396,995)	(436,205)
NET ASSETS		~209 131	~3451	~212 82	2215896
FUNDS	19
Unrestricted funds				2409,131	2,211.340
Restricted funds				3,451	4,556
TOTAL II'UNDS				~2412 82	2,215,896

				Notes	2021f	2020
Cash flows from operating		activities
Cash generated from operations					119,023	403,663
Interest paid					~17728	~29 709)
Net cash provided by operating			activities		~101295	~373 954
Cash IIows from investing		activities
Purchase oftangible fixed	assets				(88448)	(47,223)
Sale oftangible fixed assets					102
Interest received					23	77
Net cash used in investing	activities				88 123	~47 146)
Cash Aows from financing		activities
New loans in year					266,950
Loan repayments in year					~35426	~291 856)
Net cash provided by/(used		in)	financing	activities	~231 724	~291 856)
Chaage in cash and cash	equivaleats			in
the reportiag period					244,896	34,952
Cash and cash equivalents		at	the
beginning ofthe reporting		period			325474	~290 322
Cash and cash equivalents		at	the end	of
the reporting period					~570 170	~325 274

											2021	2020
											5
	Net income	for tbe	reporting			period (as per the	Statement	ofFinancial
	Activities)										96,686	373,876
	Adjustments	for:
	Depreciation	charges									12401	14,080
	interest received										(23)	(77)
	Interest paid										17,728	29,709
	Decrease/(increase)		in stocks								50	(50)
	(Increase)/decrease in debtors Decrease in creditors										(5,425) ~294	614 ~14,489)
	Net cash provided		by	operations							~119023	~403 663
	ANALYSIS	OF CASH			AND	CASH EQUIVALENTS
											2021	2020
	Cash in hand										258441	236,488
	Notice deposits (less than				3 months)						324484	153,631
	Overdrafls included		in	bank loans and overdrafls			falling due	within	one year		~12 455	~64,845)
	Total cash and cash		equivalents								~570 170	325,274
3.	ANALYSIS	OF CHANGES				IN NET DEBT
									At 1.4.20		Cash flow	At 319.21
											f.	f
	Net cash
	Cash at bank and in Bank overdrafts		hand					390&119 ~64 04			192,506 52390	582,625 ~12,455)
								~325		74	~244 896	570,170
	Debt
	Debts falling Debts falling	due within due afler		1	I year year			(1451,011) ~436 200			(270,934) 39410	(1,621,945) ~396,995)
								~1787316			~231 72	~2018940)
	Total							~l461942			13172	~64407711)

	DONATIONS AND LEGACIES
		2021	2020
			f.
	Jam i Mosque - Donations	162449	194,903
	Zakat donations	895	4,556
	Darul Uloom —Donations	671	568
		~163 915	200,027
3.	OTHER TRADING ACTIVITIES
		2021	2020
	Darul Uloom - Tuition fees	362497	406,096
	Funeral income	7,585	6,100
	Hall bookings Sales ofscanners	]4,640 ~574	536,776 2,960
		~390 196	951,932
4.	INVESTMENT INCOME
		2021	2020
		f	I
	Rents received	60,080	66,635
	Deposit account interest	23	77
		~60 103	~66 712
5.	OTHER IN CO&1E
		2021	2020
	Furlough receipts	195,842
	Government covid grants	7,494
		203436

.	RAISING FUNDS Other trading activities
				2021	2020
	Purchases			~2600	2,548
7.	SUPPORT COSTS
				Governance
			Management	costs	Totals
			f,		f.
	Other resources expended		~716 464	~1800	~718 64
.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated alter charging/(crediting):
				2021	2020
				f.	f,
	Auditors' remuneration			1,800	1,800
	Depreciation - owned assets			12,301	~14 081

STAFF COS	TS
				2021	2020
Wages and salaries Other pension costs				507,805 ~4690	545,765 6 070
				512,495	551,835
The average monthly		number ofemployees	during the year was as follows:
				2021	2020
Management				2	2
Administration	and	teaching		43	43
					45

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
			f.
INCOME AND ENDOWMENTS		FROM
Donations and legacies			195,471	4,556	200,027
Other trading activities investment income			951,932 ~66 712		951,932 66,712
Total			1314,115	4,556	1,218,671
EXPENDITURE ON
Raising funds			2,548		2,548
Other			819,532	~22 715	~842 247
Total			822,080	22,715	844,795
NET INCOME/(EXPENDITURE)			392,035	(18,159)	373,876
RECONCILIATION	OF FUNDS
Total funds brought	forward		1,819,305	22,715	1,842,020
TOTAL FUNDS CARRIED FORWARD			2211 340	4,556	2215896

			Fixtures
		Freehold	olid	Motor
		property	fittings	vehicles f	Totals f
	COST
	At 1 April 2020	3,645,883	307496	13,044	39966423
	Additions Disposals	81,181	7,067	~13II44	88448 ~13044)
	At 31 March 2021	3,727,064	314463		4,041,427
	DEPRECIATION
	At I April 2020		265,159	12,942	27S,101
	Charge for year Eliminated on disposal		12401	~12 942	12401 ~12942)
	At 31 March 2021		277,460		277,460
	NET BOOK VALUE At 31 March 2021	~3727064	~36903		~3763 967
	At 31 March 2020	~3645,883	~42 137	102	~3688 122
13.	STOCKS
				2021	2020
				f
	Stocks				50
14.	DEBTORS: AMOUNTS FALLING DUE	WITHIN ONE	YEAR
				2021	2020
				f
	Amounts owed by participating interests Prepayments and accrued income			77,069 ~14 934	77,069 ~9509
				~92 003	86,578

15.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
				202]	2020
	Bank loans and overdraiis	(see note 17)		83,159	131,565
	Other loans (see note 17)			1,551,241	1,284,291
	Social security and other taxes			62,502	6,548
	Other creditors			1,416	1,490
	Accruals and deferred income Accrued expenses			21,900 ~8800	78,274 10600
				1,729,018	1,512,768
16.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
				2021	2020
	Bank loans (see note 17)			396,995	436 205
17.	LOANS
	An analysis ofthe maturity ofloans is given below:
				2021	2020
					f.
	Amounts falling due within one year on demand:
	Bank overdrafts			12,455	64,845
	Bank loans			70,704	66,720
	Other loans			1451441	~1284,291
				~1,634400	~1415,856
	Amounts falling between Bank loans —1-2years	one	and two years:	~75 000	~70 000
	Amounts falling due between Bank loans - 2-5 years		two and five years:	~265 000	~250 000
	Amounts falling due in more		than five years:
	Repayable by instalments: Bank loans more 5 yr by	instal		56,995	116,205

								2021	2020
								f
	Bank loans							467,699	502,925
	The bank	loans		are secured on the	freehold	property ofthe charity,
19.	MOVEMENT			IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.4.20	in funds	funds	31.3.21
						f.			f
	Unrestricted		funds
	General	fund				2,211340	95,791	2,000	2309,131
	Restricted funds
	Zakat					4456	895	(2,000)	3,451
	TOTAL	FUNDS				~215,896	~96 686		~2412 582
	Net movement			in funds, included	in the above are as follows;
							incoming	Resources	Movement
							resources f	expended f	in funds
	Unrestricted		funds
	General	fund					816,655	(720,864)	95,791
	Restricted funds
	Zakat						895		895
	TOTAL	FUNDS					817 50	720 864	~96 686

								Net
								movement	At
							At 1.4.19	in funds	31.3.20
								f.	f
Unrestricted		funds
General	fund						1,819,305	392,035	2,211,340
Restricted funds
Zakat							22,715	(18,159)	4,556
TOTAL	FUNDS						I 842 020	~373 876	2215 896
Comparative		net movement	in funds,	included	in the above are		as follows:
							incoming	Resources	Movement
							resources f.	expended f	in funds f
Unrestricted		funds
General	fund						1,214,115	(822,080)	392,035
Restricted funds
Zakat							4,556	(22,715)	(18,159)
TOTAL	FUNDS						1 218671	~844,793	373 876
A current	year 12 months		and prior year 12months			combined	position is as follows:
							Net	Transfers
							movement	between	At
						At 1.4.19	in funds	funds	31.3.21
								f
Unrestricted		funds
General	fund					1,819,305	487,826	2,000	2,309, 13 1
Restricted funds
Zakat						22,715	(17,264)	(2,000)	3,451
TOTAL	FUNDS				~1842020		~470 562		2 312,582

			Incoming	Resources	Movement
			resources	expended f	in funds f
Unrestricted		funds
General	fund		2,030,770	(1,542,944)	487,826
Restricted funds
Zakat			5,451	(22,715)	(17,264)
TOTAL	FUNDS		2~036221	(1~565,659	~470 562

			2021	2020
			f.	6
INCOME AND		ENDOWMENTS
Donations and	legacies
Jami Mosque -	Donations		162~9	194,903
Zakat donations			895	4,556
Darul Uloom - Donations			671	568
			163,915	200,027
Other trading	activities
Darul Uloom - Tuition fees			362,597	406,096
Funeral income			7485	6,100
Hall bookings Sales ofscanners			14,640 ~574	536,776 ~2960
			390,196	951,932
Investment income
Rents received			60,080	66,635
Deposit account		interest	23	77
			60,103	66,712
Other income
Furlough receipts			195,842
Government covid grants			7,494
			203 36
Total incoming		resources	817,550	1,218,671
EXPENDITURE
Other trading	activities
Purchase ofscanners			2,600	2.548
Support costs
Management
Wages			507,805	545,765
Pensions			4,690	6,070
Rent, rates and	service charge		11,514	19,098
Insurance			14,467	18,235
Light and heat			46,161	53,110
Telephone			3,627	4,228
Postage and stationery			3,752	7,507
Carried forward			592,016	654,013

		2021f	2020
Management
Brought forward		592,016	654.013
Advertising		6,040	2.409
Sundries		245	121
Cleaning		16,006	7,453
Repairs and	maintenance	27,176	52,932
Travelling costs		392	1,988
Stafftraining		634	1,167
Legal and professional		14,628	39.826
Accountancy	charges	2,900	2,965
Canteen		1,990	12.246
Educational	expenses	24,408	16,008
Security costs			5.430
Donations			100
Fixtures and	fittings	12401	14.046
Motor vehicles			34
Interest and	charges	17,728	29,709
		716,464	840,447
Governance costs Auditors' remuneration		~1800	1,800
Total resources expended		~720 864	844,795
Net income		96,686	373 876