|||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|
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||||||||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)|
##
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##
||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|
##
|11.|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|