2022-03-31-accounts - International Islamic Link

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Report ofthe Trustees			I	to	3
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow		Statement
Notes to the Financial	Statements		9	to	15
Detailed Statement ofFinancial Activities			16	to	17

						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		2	647,452	8,782	656,234	215,927
Charitable	activities		4
CJRS				16,599		16,599	40,200
Investment	income		3	52,413		52,413	40,950
Total				716,464	8,782	725,246	297,077
EXPENDITURE ON
Raising funds			5	38,007	8,782	46,789	74,043
Charitable	activities
Charitiable	activities			173,102		173,102	1,600
Other							104,163
Total				211,109	8,782	219,891	179,806
NET INCOME				505,355		505,355	117,271
RECONCILIATION		OF FUNDS
Total funds brought		forward		1,370,011		1,370,011	1,252,740
TOTAL FUNDS CARRIED FORWARD				1,875,366		1,875,366	1,370,011

Balance Sheet
31March 2022
		31.3.22	31.3.21
	Notes
FIXEDASSETS
Tangible assets	10	2,848,094	2,045,922
CURRENT ASSETS
Debtors		33,782	30,238
Cash at bank and in hand		126,156	223,540
		159,938	253,778
CREDITORS
Amounts falling due within one year	12	(261,974)	(2,440)
NET CURRENT ASSETS		(102,036)	251,338
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,746,058	2,297,260
CREDITORS
Amounts falling due after more than one year	13	(870,692)	(927,249)
NET ASSETS		1,875,366	1,370,011
FUNDS	17
Unrestricted funds		1,875,366	678,897
Restricted funds			691,114
TOTAL FUNDS		1,875,366	1,370,011

Cash Flow Statement
for the Year Ended 31March 2022
					31.3.22	31.3.21
				Notes
Cash flows from operating		activities
Cash generated from operations					577,006	137,039
Interest paid					(65,540)	(22,419)
Net cash provided by operating activities					511,466	114,620
Cash flows from investing		activities
Purchase oftangible fixed	assets				(802,306)	(715)
Interest received					13	8
Net cash used in investing	activities				(802,293)	(707)
Cash flows from linancing		activities
New loans in year					250,000	8,054
Loan repayments in year					(56,557)
Net cash provided by financing activities					193,443	8,054
Change in cash and cash	equivalents		in
the reporting period					(97,384)	121,967
Cash and cash equivalents		at the
beginning ofthe reporting		period			223,540	101,573
Cash and cash equivalents		at the end	of
the reporting period					126,156	223,540

RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
						31,3.22	31.3.21
						6
Net income	for the	reporting			period (as per the Statement ofFinancial
Activities)						505,355	117,271
Adjustments	for:
Depreciation	charges					134	179
Interest received Interest paid						(13) 65,540	(8) 22,419
Increase/(decrease)		in creditors				5,990	(2,822)
Net cash provided		by	operations			577,006	137,039
ANALYSIS	OFCHANGES IN NET DEBT
					At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank	and in	hand			223,540	(97,384)	126,156
					223,540	(97,384)	126,156
Debt
Debts falling	due within			1year		(250,000)	(250,000)
Debts falling	due alter		1	year	(927,249)	56,557	(870,692)
					(927,249)	(193,443)	(1,120,692)
Total					(703,709)	(290,827)	(994,536)

DONATIONS
	31.3.22	31.3.21
Donations	656,234	191,601
Gift aid		24,326
	656,234	215,927

th	e Year Ended 31 iularch 2022	e Year Ended 31 iularch 2022	e Year Ended 31 iularch 2022	e Year Ended 31 iularch 2022	e Year Ended 31 iularch 2022
3.	INVESTMENT INCOME
							31.3.22	31.3.21
							I
	Investment	income					52,400	40,942
	Deposit account interest						13
							52,413	40,950
4.	INCOME	FROM	CHARITABLE ACTIVITIES
							31.3.22	31.3.21
						Activity
	Grants					CIRS	16,599	40,200
	Grants received, included				in the	above, are as follows:
							31.3.22	31.3.21
							16,599	40,200
5.	RAISING	FUNDS
	Raising donations		and legacies
							31.3.22	31.3.21
	Religious events (Nyaz) costs						22,453	3,422
	Donations	to others					935	19,228
	Scholar's fees &expenses						13,419	12,315
							36,807	34,965
	Investment	management			costs
							31.3.22	31.3.21
	Legal &professional			fees			4,700
	Repairs &	maintenance					2,762	39,078
	Planing &	architect	fee				2,520
							9,982	39,078
	Aggregate	amounts					46,789	74,043

					Support
					costs (see
					note 7)
Charitiable	activities				173,102
SUPPORT	COSTS
				Governance
		Management	Finance	costs	Totals
Charitiable	activities	29,370	67.952	75,780	173,102

			Unrestricted	Restricted	Total
			fund	funds	funds
			6
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		196,699	19,228	215,927
Charitable	activities
CJRS			40,200		40,200
Investment	income		40,950		40,950
Total			277,849	19,228	297,077
EXPENDITURE ON
Raising funds			54,815	19,228	74,043
Charitable	activities
Charitiable	activities		1,600		1,600
Other			104,163		104,163
Total			160,578	19,228	179,806
NET INCOME			117,271		117,271
RECONCILIATION		OF FUNDS
Total funds brought		forward	561,626	691,114	1,252,740

for th	e Year Ended 31March 2 22	e Year Ended 31March 2 22
9.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL		ACTIVITIES	-continued
			Unrestricted	Restricted	Total
			fund	funds	funds
			f		6
	TOTAL FUNDS CARRIED FORWARD		678,897	691,114	1,370,011
10.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and	Computer
		pmperty	fittings	equipment	Totals
	COST
	At 1 April 2021	2,045,386	4,508	9,452	2,059,346
	Additions	802,306			802,306
	At 31March 2022	2,847,692	4,508	9,452	2,861,652
	DEPRECIATION
	At 1 April 2021		4,508	8,916	13,424
	Charge for year			134	134
	At 31March 2022		4,508	9,050	13,558
	NET BOOKVALUE
	At 31March 2022	2,847,692		402	2,848,094
	At 31March 2021	2,045,386		536	2,045,922
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.22	31.3.21
	Other debtors			33,782	30,238
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.22	31.3.21
	Other loans (see note 14)			250,000
	Other creditors			6,534
	Accruals and deferred income			5,440	2.440
				261,974	2,440

In	terna	tional I lamlc Link
'N	s	to the Fin ial Statements -conti		ed
	rthe	Year Ended 31 M ch 2022
13.		CREDITORS: AMOUNTS FALLING DUK AFTER MORE				THAN ONE	YEAR
							31.3.22	31,3.21
		Bank loans (see note 14)					870,692	927&9
14.		LOANS
		An analysis ofthe maturity ofloans		is given below:
							31.3.22	31.3.21
		Amounts falling due within one year on			demand:
		Qarde hasana (int free loan)					250,000
		Amounts falling due in more than	five years:
		Repayable by instalrnents:
		Bank loans more 5 yr by instal					870,692	927,249
15,		SECURED DEBTS
		The following secured debts are included			within creditors:
							31.322	31.3.21
		Bank loans					870,692	6 927,249
		Bank loans are secured via mortgage		charge on the property.
16.		ANALYSIS OF NET ASSETSBETWEEN FUNDS
17.		MOVEMKNT IN FUNDS
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
							8
		Unrestricted funds
		General fund				1,370,011	505,355	1,875,366
		TOTAL FUNDS				1,370,011	505,355	1,875&366
		Net movement in funds, included	in	the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
		Unrestricted funds
		General fund				716,464	(211,109)	505,355
		Restricted funds
		Restricted donations				8,782	(8,782)
		TOTAL FUNDS				725,246	(219,891)	505,355

				Net
				movement	At
			At 1.4.20	in funds	31.3.21
					6
Unrestricted	funds
General fund			561,626	117,271	678,897
Restricted funds
Investment income			691,114		691,114
TOTAL FUNDS			1,252,740	117,271	1,370,011
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			277,849	(160,578)	117,271
Restricted funds
Restricted donations			19,228	(19,228)
TOTAL FUNDS			297,077	(179,806)	117,271

				Net
				movement	At
			At 1.4.20	in funds	31.3.22
				f
Unrestricted		funds
Generalfund			561,626	622,626	1,184,252
Restricted	funds
Investment	income		691,114		691,114
TOTAL FUNDS			1,252,740	622,626	1,875,366

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	994,313	(371,687)	622,626
Restricted funds
Restricted donations	28,010	(28,010)
TOTAL FUNDS	1,022,323	(399,697)	622,626

Detailed Statement	ofFin	cial Activities
for the Year Ended	31March 2022
			31.3.22	31.3.21
			g
INCOME AND ENDOWMENTS
Donations and legacies
Donations			656,234	191,601
Gilt aid				24,326
			656,234	215,927
Investment income
Investment income			52,400	40,942
Deposit account interest			13	8
			52,413	40,950
Charitable activities
Grants			16,599	40,200
Total incoming resources			725,246	297,077
EXPENDITURE
Raising donations	and legacies
Religious events (Nyaz) costs			22,453	3,422
Donations to others			935	19,228
Scholar's fees &expenses			13,419	12,315
			36,807	34,965
Investment management		costs
Legal &professional fees			4,700
Repairs &maintenance			2,762	39,078
Planing &architect	fee		2,520
			9,982	39,078
Support costs
Management
Rates and water			8,010	5,179
Insurance			4,069	5,049
Light and heat			11,455	9,447
Telephone &internet			2,096	2,081
Postage and stationery			154	1,088
Advertising				1,600
Sundries			57	379
Computer expenses			530	678
Premises cleaning	&upkeep		2,858	1,806
Travel costs			7	357
Depn offixtures &fittings			134	179
			29,370	27,843

rt eYear E	n ed 31	Mare 2022
			31.3.22	31.3.21
Management
Finance
Bank charges Bank interest			2,412 65,540	2,320 22,419
			67,952	24,739
Governance	costs
Staffsalaries			40,014	37,946
Accountancy fees Legal &professional		fees	6,966 28,800	3,268 11,967
			75,780	53,181
Total resources	expended		219,891	179,806
Net income			505,355	117,271