2022-03-31-accounts - Islamic Trust (Maidenhead)

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		Pages
Trustees' annual report		1to4
Independent examiner's report	to the trustees
Statement offinancial activities
Statement offinancial position
Notes to the financial statements		8to 13
The following pages do not form part ofthe financial statements
Detailed statement offinancial	activities	15

								Unrestricted	Unrestricted	Unrestricted	Total	Total	Funds	Unrestricted	Total	Total	Funds
										Funds			2022	Funds			2021
										E			E	E			E
	Fundraising events income									5,000			5,000	33,440		33,440
6.	Expenditure	to relieve	poverty
								Unrestricted			Total		Funds	Unrestricted	Total		Funds
										Funds			2022	Funds			2021
										E			E
	Zakat, fitrana	and appeals			paid out					5,555			6,565
7.	Expenditure	on charitable			activities
	Governance							Unrestricted			Total		Funds	Unrestricted	Total		Funds
										Funds			2022	Funds			2021
										E			E				E
		costs							114,840			114,840		113,625		113,626
8.	Net Income
	Net income is stated afier			charging/(crediting):
														2022			2021
														F			E
	Depreciation	oftangible	fixed			assets								8,103			7,131
9.	Independent	examination			fees
														2022			2021
														E			E
	Fees payable	to the independent					examiner		for:
	Independent	examination		ofthe financial statements										120			120
10.	Staff costs
	The total staff costs and		employee				benefits		for	the reporting		period are analysed as			follows:
														2022			2021
														E			E
	Wages and salaries													20,000		23,005
	Social security costs													413			377
														20,413		23,382
	The average	head count	of		employees			during		the year	was		1 (2021:	2). The average		number of
	full-time equivalent employees					during the year				is analysed		as follows;
														2022			2021
														No.		No.
	Imam													1			2
	No employee	received employee					benefits		of more than		E60,000 during			the year (2021:		Nil).

12.	Tangible fixed ass	ets
			Land and	Fixtures and	Motor
			buildings	fittings f	vehicles	Total 6
	Cost
	At 1 April 2021		1,239,244	86,027	700	1,325,971
	Additions			10,016		10,016
	At 31 March 2022		1,239,244	96,043	700	1,336,987
	Depreciation
	At 1 April 2021		14,380	66,422	270	81,072
	Charge for the year		3,595	4,443	65	8,103
	At 31 March 2022		17,975	70,865	335	89,175
	Carrying amount
	At 31 March 2022		1,221,269	25,178	365	1,246,812
	At 31 March 2021		1,224,864	19,605	430	1,244,899
13.	Debtors
					2022	2021
					E
	Prepayments and accrued income				3,163	2,234
14.	Creditors: amounts	falling due within	one year
					2022	2021
						F
	Qarz-e-Hasana				26,000
	Accruals				120	120
	Social security and	other taxes			109	51
	Other creditors				7,658	1,124
					32,887	1,295

	Year ended 31 March 2	022
		2022	2021
		6	E
Income
Donations Public general donations Zakat, frtrana and appeals Grants receivable-Furlough	income claim	224,842 12,214	174,652 3,788 7,304
		237,056	185,744
Other activities
Fundraising events income		5,000	33,440
Total income		242,058	219,184
Expenditure
Costs of poverty relief Zakat, fitrana and appeals	paid out	5,555
Expenditure on governance Wages and salaries Employer's NIC Premises costs Accountancy, consultancy and freelance teachers Costs of events and activities General expenses Depreciation Other interest payable and similar charges Masjid cleaning Salary Repairs and maintenance Insurance		20,000 413 9,876 45,604 10,839 3313 8,103 489 7,201 1,353 4,641	23,005 377 10,692 33,909 18,222 2,329 7,131 495 7,200 4,854 3,772
Communications and IT		760	839
Printing, postage and stationery		2,258	801
		114,840	113,626
Total expenditure		120,396	113,626
Net income		121,681	105,558