| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 18 |
| Report ofthe Independent Auditors |
19 | to | 21 |
| Statement ofFinancial Activities | 22 | ||
| Balance Sheet | 23 | to | 24 |
| Cash Flow Statement | 25 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 22 | to | 34 |
| Detailed Statcmcnt ofFinancial Activities | 35 | tu | 36 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restncted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | f | f | I | |||
| INCOlVlK AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 280,113 | 5',264 | 285,377 | 285,687 | ||
| Other irathng activthoa | 969,122 | 969,122 | l!85,907 | |||
| love&anent income | 84&020 | 84,020 | 76&156 | |||
| Other income | 141,533 | |||||
| Total | 1&333,255 | 5,264 | 1&338,519 | 1,3119,283 | ||
| EXPENDITURE | ON | |||||
| Other | 1,104,948 | 1,104,948 | 917,329 | |||
| NKT INCOME | 228,307 | 5,264 | 233,571 | 471,954 | ||
| RECONCILIATION OF FlINDE | ||||||
| Total funda brought | forward | 2,778&545 | 5&991 | 2,784&536 | s312,582 | |
| TOTAL FUNDS CARRIED FORWARD | 3,006,852 | ll&255 | 3,018&107 | 2,784,536 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funci | fund | funds | fllucis | ||
| Notes | f. | ||||
| FIXEDASSETS | |||||
| Tangible assets | 1 I | 4,018,769 | 4,818,769 | 3,8l(,6()it | |
| CURRENT ASSETS | |||||
| Debtors | 12 | 76,902 | 76,902 | 54,569 | |
| Cash s.r.bank snd in hand | 529,661 | 11,255 | 540,916 | 641,323 | |
| 606&563 | 11,255 | 617,818 | 695,892 | ||
| CREDITORS | |||||
| Amounts falling duc within one year |
13 | (1,618,480) | (1,618,480) | (1,722,956) | |
| NET CURRENT ASSETS | (1,011,9I'1 ) | 11&255 | (iiggoi662 ) | ((,027064 ) | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIASlLITILI | 3,806,852 | 11,255 | 3,018,107 | 2,784,536 | |
| NET ASSETS | 3,006152 | 11,255 | 3,018,107 | 2,'784,536 | |
| FUNDS | 16 | ||||
| Ucresrricrcd funds |
3,006,852 | 2,778,545 | |||
| Rcsuicicd funds | 11,255 | 5,991 | |||
| TOTAI. FUNDS | 3,018,107 | 2,7M,536 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | f | ||||
| Cash flows from operating activities |
|||||
| Cash generated from operations Interest paid |
226,555 (3,62&) |
507,062 (16,704) |
|||
| Not cash pi ovid cd by operating activities |
222,927 | 490,358 | |||
| Cmh flows from tnvesting | activities | ||||
| Purchase oftang(hie flxed Interest received |
acci.tc | (219,429) | (59,812) 16 |
||
| Net cash used in investing | activities | (219,429) | (59,796) | ||
| Cash flaws from financing actlvides |
|||||
| Loan repayments in year Amounm due &oui participating interests |
(98,101) | (405,213) 40,000 |
|||
| Net cmh used in financing | activitim | (98,101) | (365,213) | ||
| Change in cash and cash | equivaleuts | ui | |||
| the reporting period | (04,603) | 65,349 | |||
| Cash and cash equivaleats | at the | ||||
| br ginning ofthe repOrdng |
periad | 635,519 | 570,170 | ||
| Cash aud cash equivalents | at the end | of | |||
| the reporting period |
540,916 | 635,5 LC |
| RECONCILIATION | RECONCILIATION | OFNET INCOME TO | NET CASH FLOW FROM OPERATINO ACTIVITIES | NET CASH FLOW FROM OPERATINO ACTIVITIES | NET CASH FLOW FROM OPERATINO ACTIVITIES | NET CASH FLOW FROM OPERATINO ACTIVITIES |
|---|---|---|---|---|---|---|
| ZU23 | 2022 | |||||
| Net income for the | rcportiug period (as per the Statement | ofFinaucial | ||||
| Activities) | 233,571 | 471,954 | ||||
| Adjtratm»nta for; |
||||||
| D cprcci ation charges |
12,21io | 12,1'/9 | ||||
| Interest recetved Interest paid |
3&628 | (16) 16,704 |
||||
| Increase in debtors | (22,333) | (2,566) | ||||
| (Decrease)/increace in |
mr&titors | (571) | 8,807 | |||
| Net cash provided bv | operations | 226,555 | 507,062 | |||
| ANALYSIS OFCASH AND CASH FQIIIVAI.F1&tTS | ||||||
| 2023 | 2022 | |||||
| i".acb in brad | 128,469 | 243,349 | ||||
| Notice deposits (less | than 3 mono&s) | 412,447 | 397,9'/4 | |||
| Overdtntts incjuded |
in | batik Ioaos aud ovecdtafbc | falling duc within on» ytsn | (5,804) | ||
| Total cash and cash equivalents | 540,916 | 635,519 | ||||
| ANALYSIS OFCHANGES IN NKT DEBT | ||||||
| At 1.4.22 | Cash I/ow | At 31.3.23 | ||||
| f. | ||||||
| Net tat'h | ||||||
| Cash at bauk aud u & lou&J | 641&323 | (100,407) | 540,916 | |||
| Bank averdratt | (8&804) | 5,804 | ||||
| 635,519 | (94,603) | 540,916 | ||||
| Debt | ||||||
| nsbts falfing du» widuu | I year | (1,613,72'7) | 98&101 | (1,515,626) | ||
| (1,613,727) | 98,101 | (1,515,626) | ||||
| Total | (978,208) | 3,498 | (974,710) |
| 2. | DONATIONS AND LEGACIES | |||
| 2023 | 2022I | |||
| Jami Mosque - Donations | 250,203 | 281,630 | ||
| Eakal donations | 2,540 | |||
| Grants | 33&713 | |||
| Darul Uloom - Donations | 1,461 | 1,517 | ||
| 285477 | 285,687 | |||
| Cnauts received, included | in the above, are as follows: | |||
| 2023 | 2022I | |||
| Grant | 33,713 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 2023 | 2022 | |||
| 8 | ||||
| Dural llloom - Tuinon fees | 537,663 | 471333 | ||
| Funeral income | 6,550 | |||
| IIaIJ booltings | 397,619 | 409,089 | ||
| Stdee ol boolca | 27,290 | 5,285 | ||
| 969,172 | 885,907 | |||
| 4. | INVESTMENT INCOME | |||
| 2023 | 2022 | |||
| Rents recetved | 84,020 | 76,140 | ||
| Depnsit acrnnnt intenat | 16 | |||
| 84)020 | 76,156 | |||
| 5. | OTHERINCOME | |||
| 2023 | 2022 | |||
| Furlough receipts |
102,233 | |||
| Govenunent covid grauts |
39,300 | |||
| 141,533 |
| tiovemance | |||||
|---|---|---|---|---|---|
| Management | costs | Totals | |||
| Other | resources | exttended | 1,103.148 | 1%0 | 1304,948 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Auditors' | remuneration | 1,800 | 1,800 | ||
| Depreciation | —owned | assets | 12)260 | 12,179 |
| STAFF COSTS | ||
|---|---|---|
| 2023 | 2022 | |
| %agee and salaries | 724)'r90 | 633,4l9 |
| Other pension costs | 7,900 | 6,577 |
| 732,690 | o39,996 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Management | 2 | |||
| Administration | and | teaching | 39 | 37 |
| 4t |
| 10. | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIt)TT'IES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIt)TT'IES | ||
|---|---|---|---|---|
| Unrestncted | Restricted | Total | ||
| fund | fund | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| IIonations and legacies |
283,147 | 2,540 | 285,687 | |
| Other tradmg activities | 885,907 | 885,907 | ||
| Investment income |
76,156 | 76,156 | ||
| Other income | 141,533 | 141,533 | ||
| Total | 1,386,743 | 2,540 | 1,389,283 | |
| EXPENDITURE ON | ||||
| Other | 917,329 | 917,329 | ||
| NIIT INCOME | 469,414 | 2,540 | 47t,954 | |
| RECONC ILIATfON OFFUNDS | ||||
| Total funds brought for)vard |
2,309,131 | 3,451 | 2,312,582 | |
| TOTAL FUNDS CARIUKD FORWARD | 2,778)545 | 5,991 | 2,784,53ti | |
| 11. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| Freehold | a)ld | |||
| propert)l | fittings | Totals | ||
| COST | ||||
| At 1 Aprtl 2022 | 3,775,064 | 326,175 | 4,101,239 | |
| Additions | 206,924 | 12,505 | 219)429 | |
| At 31 Mamh 2023 | 3,981,998 | 338,680 | 4,320,668 | |
| DEPRECIATION | ||||
| At 1 April '7022 |
289,639 | 289,639 | ||
| Charge fo) yea) | 127260 | 12,260 | ||
| At 31March 2023 | 301,899 | 301,899 | ||
| NET BOOKVALUE | ||||
| At 31March 2023 | 3,981,988 | 36,781 | 4)018,769 | |
| At 31March 2022 | 3,775,064 | 36,536 | 3,811,600 |
| 12. | DEBTORS:AMOUNTS | FAL | LING D | UE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f | ||||||
| Amounts owed by parttcipathrg |
iutcrests | 37,069 | 37,069 | |||
| Other debtom | 10,000 | |||||
| Pmpaymsnts and accrued income |
29,833 | 17,500 | ||||
| 76,902 | 54,569 | |||||
| 13. | cRPDITfsRs: AMoUNTS FALLING | DUEwITHIN oNK YEAR | ||||
| 2023 | 2022 | |||||
| f | ||||||
| Bank bans snd overdrsits | (see note 14) | 6,145 | ||||
| Other loans (see note 14) | 1,515,626 | 1,613,386 | ||||
| Social sccunty and. other tares | 6v436 | 7,412 | ||||
| Other crcdrtots | 1,802 | 1,228 | ||||
| wages control | 45,666 | 39,373 | ||||
| Accmats and deferred income | 45,350 | 53,u12 | ||||
| Aunr ucd expenses | 3,6tl0 | 1,800 | ||||
| 1)618,480 | 1,722,956 | |||||
| 14. | LOANS | |||||
| Au analysis ofthe maturity | ofloans iu given below: | |||||
| 2023 | 2022 | |||||
| Amounts faUing due within |
one | year on demand: | ||||
| Bank overdrails | 5,804 | |||||
| Bank loans | 341 | |||||
| Other loans | 1,515,626 | 1,613,386 | ||||
| 1,515,626 | 1,619,531 | |||||
| IS. | SECURED DKHlS | |||||
| The fogu wing secured debts are | included | within creditors: | ||||
| 2023 | 2022 | |||||
| f | ||||||
| Bank lusus | 341 | |||||
| The bank loans are secured | on the freehold property ofthe charity. |
| MOVE | MKN | T IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.4.22 | in funds | 31.3.23 | ||||
| Unrestricted | funds | |||||
| General | fuml | 2,778,545 | 228307 | 3,008,852 | ||
| Restricted funds | ||||||
| Zal I |
5,991 | 5,264 | 11,255 | |||
| TOTAL FUNDS | 2,784&536 | 233,571 | 3,0IS,107 | |||
| Net movement | in fun)le, inl.luded in the above s&ess follou s; | |||||
| Incoming | Resources | Movement | ||||
| rcsourccs | cxpcndcd | iu frauds | ||||
| Unrestricted | funds | |||||
| General | fund | 1)333,255 | (1&104)948) | 228,307 | ||
| Restricted funds | ||||||
| Zalcat | 5,264 | 5&264 | ||||
| TOTAL | FUNDS | IP38419 | (1,104,9483 | 233,571 | ||
| Compsratlves | for movement | In funds | ||||
| Net | ||||||
| nlovcnlcni. | At | |||||
| At 1.4.21 | in funds | 31.3.22 | ||||
| f | ||||||
| Unrestricted | funds | |||||
| Gcnetul | fimcl | 2,309,13l | 4o9,414 | L778,54S | ||
| Restricted funds | ||||||
| zaicat | 1,4i 1 | 7,540 | 5,991 | |||
| TOTAL | FUNDS | 2,312)582 | 471,954 | 2)784,536 |
| Comparative | net movemen | t in funds |
,~St the | ~hove an. | ccfollowsi | |||
|---|---|---|---|---|---|---|---|---|
| Incomiug | Resources | hfovement | ||||||
| resources | expended | lu funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 1,386,743 | (917,329) | 469,414 | |||||
| Restricted funds | ||||||||
| Zaliat | 2,540 | 2,540 | ||||||
| TOTAL FUNDS | 1,389,283 | (917,329) | 471,954 | |||||
| A cuirent year 12months | and prior | year 12months combined position is as follows: | ||||||
| Nct | ||||||||
| movetnent | At | |||||||
| At 1.4.21 | in funds | 31.3.23 | ||||||
| f. | ||||||||
| Unrestricted | funds | |||||||
| General fund | 2,309,131 | 697,721 | 3,006,852 | |||||
| Resertcted funds | ||||||||
| Zakat | 3,451 | 7,804 | 11,255 | |||||
| TOTAL FUNDS | 2,312,582 | 705,525 | 3,018,107 | |||||
| A cmreut year 1?months | aad ptim | year 12 months | commned | net movement | in funds, included | io the above | arc | |
| as foRows: | ||||||||
| incoming | Resources | Movemem | ||||||
| resources | expended | in funds | ||||||
| I | ||||||||
| Unrestricted | funds | |||||||
| General fund | 2,719,998 | (2,022,277) | 697,721 | |||||
| Restricted funds | ||||||||
| Zekat | 7,804 | 7,804 | ||||||
| TOTALFUNDS | 2,727,802 | (2,022,277) | 705,525 |
| 2023 | 2077 | |
|---|---|---|
| INCOME ANTt ENIIOWAKNTS | ||
| Donations and legacies |
||
| Jami Mosque - Bnuannna | 250,203 | 281,630 |
| Zakat douatious | 2,540 | |
| Grants | 33,713 | |
| Dtuut Uloom —Donatious | I)461 | 1,517 |
| 2S5&377 | 285,687 | |
| Other trading activities | ||
| Darui Uloom - Tuidon fees | 537&663 | 471,533 |
| Ftu)c)al iucutr)c | 6,5511 | |
| Hall bookings Salesofbooks |
397,619 27)290 |
409,089 5,285 |
| 969,122 | 885,907 | |
| Investment income |
||
| Rents race)vod | 84,020 | 76,140 |
| Deposit account interest | 16 | |
| 84,020 | 76,156 | |
| Other income | ||
| I'urlougb )eceipts |
102,233 | |
| Government covid grants |
39,300 | |
| 141,533 | ||
| Total incoming resources | 1,338,519 | 1,389,283 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Waguc | 724,790 | 633,419 |
| Pensions | 7)900 | 6,577 |
| Kent,ratm and service charge | 13,106 | 13,144 |
| Insurance | 15)359 | 14,680 |
| Light and heat | 77,970 | 46,686 |
| Telephone | 3,868 | 3,732 |
| Postage and stationery | 12,842 | l,ig&372 |
| Advertising | 1,911 | 6, 172 |
| Carried forward | 857,746 | 734,782 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| a | ||||
| Management | ||||
| Itrought fnnvard |
857,746 | 724,782 | ||
| Sundries | 1,920 | 1,895 | ||
| Cleaning | 20.922 | 15,003 | ||
| Repairs scd | msiotensuce | 102,6Q0 | 37,437 | |
| Travelling costs |
1&089 | 5,810 | ||
| Stafftraining | 132 | |||
| Legal snd professional | 41,441 | 37,341 | ||
| Accountancy | charges | 1,250 | 7,790 | |
| Canteen | 17,119 | 9,505 | ||
| Educational | expenses | 37&041 | 36,763 | |
| Donations | 6,000 | 320 | ||
| Fixtures aud | fittiu | s | 12,260 | 12,179 |
| Interest and | charges | 3,628 | I6,704 | |
| 1,103,148 | 915,529 | |||
| Governance | costs | |||
| Aud itars' remuneration | 1,800 | 1,80Q | ||
| Total rcscurccs cxpcndcd | 1,104,948 | 917,329 | ||
| Net income | 233,571 | 471,954 |