OpenCharities

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

2022-03-31-accounts

Pages
Trustees'
Annual
Report
Independent
Examiner's		 Report
Statement
of Financial Activities
Balance Sheet
Statement ofCash flows
Notes to the Accounts
Detailed Statement
of Financial Activities		 7to

Statement of Financial Activit
for the year ended 31March		 ies
2022
Unrestricted
funds Total funds Total funds
2022 2022 2021
Notes E E E
Income and endowments
from:
Charitable
activities		 49,043 49,043 25,054
Other 6,579 6,579 7,137
Total 55,622 55,622 32,191
Expenditure
on:
Other 42,382 42,382 37,788
Total 42,382 42,382 37,788
Net gains on investments
Net income/(expenditure) 13,240 13,240 (5,597)
Transfers
between
funds
Net income/(expenditure)
before other gains/(losses)		 13,240 13,240 (5,597)
Other gains and losses
Net movement
in funds		 13,240 13,240 (5,597)
Reconciliation
offunds:
Total funds brought
forward		 896,996 896,996 902,594
Total funds carried forward 910,236 910,236 896,997

Charity No. 10140 3 1 2022 2021
f 6
Fixed assets
Tangible assets 7 884,850 884,581
884,850 884,581
Current assets
Debtors 8 20,000 22,094
Cash at bank and in hand 35,367 20,240
55,367 42,334
Creditors: Amount falling due within one year 9 (29,980) (29,918)
Net current assets 25,387 12,416
Total assets less current liabilities 910,237 896,997
Net assets excluding pension asset or liability 910,237 896,997
Total net assets 910,237 896,997
The funds ofthe charity
Restricted funds 10
Unrestricted
funds		 10
General funds 910,237 896,997
910,237 896,997
Reserves 10
Total funds 910,237 896,997
Approved
by the trustees on 31lvlarch 2022
And signed on their behalf by:
M. Rashid M. K.Yakub M. R. Ali
Trustee Secretary Treasurer

1 Statemen t of Financial Activities - prior year
Unrestricted
funds Total funds
2021 2021
Income and endowments from:
Charitable activities 25,054 25,054
Other 7,137 7,137
Total 32,191 32,191
Expenditure on:
Other 37,788 37,788
Total 37,788 37,788
Net income (5597) (5597)
Net income before other
gains/(losses) (5,597) (5,597)
Other gains and losses:
Net movement in funds (5,597) (5,597)
Reconciliation offunds:
Total funds brought forward 902,594 902,594
Total funds carried forward 896,997 896,997
2 Income from charitable activities
Unrestricted Total Total
2022 2021
E E E
49,043 49,043 25,054
49,043 49,043 25,054
3 Other income
Unrestricted Total Total
2022 2021
6,579 6,579 7,137
6,579 6,579 7,137

4 Other expenditure
Unrestricted Total Total
2022 2021
Employee costs 29,892 29,892 26,762
Premises costs 4,264 4,264 5,914
Amortisation,
depreciation,
impairment,
profit/loss		 on 581 581 646
disposal offixed assets
General administrative costs 6,445 6,445 3,266
Legal and professional costs 1,200 1,200 1,200
42,382 42,382 37,788
5 Net income/(expenditure) before transfers
2022 2021
This is stated after charging: E f
Depreciation
ofowned		 fixed assets 581 646
6 Staff costs
2022 2021
Salaries and wages 26,762 26,762
26,762 26,762
No employee
received		 emoluments in excess off60,000.
7 Tangible fixed assets
Land and Plant & Improvemen Total
buildings Machinery ts
Cost or revaluation
At 1April 2021 780,696 25,047 136,863 942,606
Additions 850 850
At 31March 2022 780,696 25,047 137,713 943,456
Depreciation
and
impairment
At 1April 2021 19,233 38,792 58,025
Depreciation
charge for		 the 581 581
year
At 31March 2022 19,814 38,792 58,606
Net book values
At 31March 2022 780,696 5,233 98,921 884,850
At 31March 2021 780,696 5,814 98,071 884,581
8 Debtors
2022 2021
E f
Other debtors 20,000 22,094
20,000 22,094
9 Creditors:
amounts falling due within one year
2022 2021
f 6
Other loans 9,000 9,000
Other taxes and social security 14,783 12,882
Other creditors 2,597 5,637
Accruals 3,600 2,400
29,980 29,919
10 Movement in funds
Incoming
resources At 31
(including Resources March
other expended 2022
At 1April gains/losses
2021 )
f
Restricted funds:
Unrestricted funds:
General funds 896,996 55,622 (42,382) 910,236
Total funds 896,996 55,622 (42,382) 910,236
11 Analysis of net assets between funds
Unrestricted
Total
funds
6 f
Fixed assets 884,850 884,850
Net current assets 25,386 25,386
910,236 910,236
12 Reconciliation ofnet debt
At 31
At 1April March
2021 Cash flows 2022
6 6 6
Cash and cash equivalents 20,241 15,125 35,366
20,241 15,125 35,366
Borrowings (9,000) (9,000)
(9,000) (9,000)
Net debt 11,241 15,125 26,366

for the year ended 31 arch 2022
Unrestricted
funds Total funds Total funds
2022 2022 2021
E E E
Income and endowments from:
Charitable
activities
49,043 49,043 25,054
49,043 49,043 25,054
Other
6,579 6,579 7,137
6,579 6,579 7,137
Total income and endowments 55,622 55,622 32,191
Expenditure
on:
Emp Ioyee costs
Salaries/wages 26,762 26,762 26,762
Temporary
staff		 3,130 3,130
29,892 29,892 26,762
Premises costs
Rates 1,309 1,309 2,499
Light, heat and power 2,955 2,955 3,415
4,264 4,264 5,914
General administrative costs,
including
depreciation		 and
amortisation
Depreciation
of Plant		 Ik 581 581 646
Ivlachinery
Depreciation
of Improvements
Bad debts 2,527 2,527
Bank charges 316 316 104
Equipment
repairs
maintenance		 and 660 660 131
General
insurances		 2,146 2,146 1,771
Information
and publications		 796 796 1,260
7,026 7,026 3,912
Legal and professional costs
Accountancy
and		 bookkeeping 1,200 1,200 1,200
1,200 1,200 1,200
Total ofexpenditure of other costs 42,382 42,382 37,788
Tota I expenditure 42,382 42,382 37,788
Net gains on investments
Net income/(expenditure) 13,240 13,240 (5,597)
r Surrey Islamic Trust
Detailed Statement of Financial Activities
Net income/(expenditure)
other gains/(losses)		 before 13,240 13,240 (5,597)
Other Gains
Net movement
in funds		 13,240 13,240 (5,597)
Reconciliation
offunds:
Total funds brought forward 896,996 896,996 902,594
Total funds carried forward 910,236 910,236 896,997