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|||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|
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||||||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|
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|||||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|
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|||||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|
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|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)|
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||||||
|---|---|---|---|---|
|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|
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|||||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|
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|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|
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|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.|||||
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|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|
##
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|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||
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||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|