Charity number 1058664
Islamic Cultural & Educational Association
Financial Statements and Report
for the year ended 31 March 2021
Principal office 101 Thornbury Road, Bradford, BD3 8SA
Islamic Cultural & Educational Association Financial Statements and Report for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trust information | 1 |
| Trustees' report | 2 |
| Statement of Trustees' Responsibilities | 3 |
| Auditors report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
| Schedule to the Statement of Financial Activities | 12 |
Islamic Cultural & Educational Association Trust information for the year ended 31 March 2021
Management Committee
Mohammed Ashfaq President until 06/10/2019 AGM (Elected for 4yrs, until 2021) Abdul Sattar General Secretary (Elected for 4yrs, until 2022) Mohammed Shaukat Vice Secretary (Elected for 4yrs, until 2022) Choudhury Mohammed Bashir Vice President (Elected for 4yrs, until 2022) Mohammed Khaliq Treasurer (Elected for 4yrs, until 2022) Mohammed Ishaq Rasul Vice Treasurer (Elected for 4yrs, until 2021) Hafeez Akhtar (Elected for 4yrs, until 2021) Jawaid Iqbal (Elected for 4yrs, until 2021) Mohammed (Master) Bashir (Elected for 4yrs, until 2021) Munsaf Dad Saddiq (Elected for 2yrs, until 2021) Razaq Iqbal Treasurer (Elected for 4yrs, until 2021) Choudhury Abdul Ghaffar Khan President (Elected for 4yrs, until 2022) (Elected on 06/10/19) Shehzad Sheikh (Co-opted)
Trustees appointed by Management Committee
(Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022)
Azeem Malik (Appointed until 06/01/2022) Dawood Ahmed (Appointed until 06/01/2022) Ghazanfer Ali (Appointed until 06/01/2022) Iftikhar Akhtar Karamat Hussain Zulafqar Ali (Appointed until 06/01/2022) Dr Mohammad Azam (Appointed until 06/01/2022) Dr Azad Hafeez (Appointed until 06/01/2022) Mohammad Sadiq (Appointed until 06/01/2022)
Resigned 29/12/2018 Resigned 29/12/2018
Structure Association of Trustees Charity registration number 1058664 Principal office 101 Thornbury Road Bradford BD3 8SA Bankers Virgin Money (Yorkshire Bank) Broadway Bradford BD1 1EZ
Auditors Adam & Co Accountancy Ltd Chartered Certified Accountants First Floor, 1 Edmund Street Bradford BD5 0BH
1
Islamic Cultural & Educational Association The report of the trustees for the year ended 31 March 2021
The trustees present their twenty seventh annual report and audited financial statements for the year ended 31 March 2021.
History and objectives of the charity
Islamic Cultural & Educational Association was founded in July 1994 as an unincorporated association and became a registered charity (no 1058664) on 16 October 1996. The association is governed by a written constitution adopted by its members.
The objectives of the organisation are:
(a) to promote the advancement of religion, in accordance with the principals of Islam.
(b) to establish and maintain the mosque building and its grounds.
(c) to provide educational, cultural and leisure time activities for the local muslim community.
Management and Governance arrangements
Members of the association can stand for election or be appointed as trustees if they have been a member of the association for at least 12 months
The trustees are broken down into two separate categories namely Elected and Land Custodians
The Elected members are referred to as as the Management Committee. This Management Committee comprises of no more than twelve members. Under the constitution the management committee are elected by the members. Elections are held every two years and management committee members are elected for a term of four years
The Land Custodians are referred to as Trustees. The Management committee appoints the Trustees. The constitution provides that there shall not be less than five and no more than seven such trustees. These trustees act as guardians of all property vested in the name of the association.
The Management Committee are responsible for the day to day running and operational matters The management committee hold regular monthly meetings to manage the affairs of the association and sub committees are set up to oversee various projects as and when needed
Most management committee members and trustees are already familiar with the work of the association, having been members of the association for many years. Every new committee member is given a copy of the constitution of the association and advised on the roles and responsibilities of the trustees
Significant Future Projects
There was no significant work planned or undertaken.
Risk Management
The Executive Committee is responsible for the management of the risks that are faced by the association and that all members interests are declared and are open to members for reviews. Regular reviews of risk are taken and there are controls in place to mitigate the risks.
Review for the period and reserves policy
The financial accounts are set out on pages 5 to 13. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales and in accordance with the Financial Reporting Standard for Smaller Entities .
The trustees consider the financial performance by the organisation during the year has been satisfactory.
The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £389,992 (expenditure) and net realised incoming resources of a £326,444 (income). The total reserves at the year end after reserving for unrealised losses (after revaluing investments of nil) stand at £4,763,852.
2
The trustees are satisfied with the performance of the association during the year and the position at the year end.
The trustees are carefully monitoring the cashflow position of the association to ensure that sufficient funds are available for further expansion work.
The trustees are confident that they will be able to carry out future developments and continue with the association's activities into future years. It is the policy of the association to maintain adequate resources in its general fund so that it can continue to undertake future activities.
Disclosure of information to the auditors
The trustees who held office at the date of approval of this trustee report, confirm that so far as they are aware, there is no relevant audit information of which the association's auditors are unaware of. Each trustee has taken all the steps that they ought to have taken as a trustee to be aware of any relevant audit information and to establish that the association's auditors are aware of that information.
Auditors
A resolution to reappoint the auditors will be made by the Executive Committee.
Statement of Trustees' Responsibilities
Charity law requires the trustees to prepare accounts for each financial year in accordance with current statutory requirements , the requirements of the Charity's governing document and the requirements of the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales. In preparing those accounts, the trustees are required to:
The law applicable to charities in England & Wales requires the Board of trustees to prepare financial statements for each financial year which give a true and fair view of the organisation's financial activities during the year and of its financial position at the end of the financial year. In preparing those financial statements giving a true and fair view, the Board of trustees should follow best practice and :-
-
Select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue to operate.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the organisation and which enable them to acertain the financial position of the organisation and enable them to ensure that the financial statements comply with the requirements ofThis report was approved by the board of trustees on applicable law and regulations. They are also responsible..............................for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Trustees
Approved by the order of the Trustees on ……… 14/11/2021
Abdul Sattar
General Secretary
3
Islamic Cultural & Educational Association Independent Auditor's Report for the year ended 31 March 2021
Independent auditors report to the trustees on the accounts of the Charity.
We have audited the financial statements of Islamic Cultural and Educational Association for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 105 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of trustees and auditors
As explained more fully in the Trustees' Responsibilities Statement set out on page 3, the trustees are responsible for the preparation of financial statements which give a true and fair view.
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Boards's Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non financial information in the Annual Report to identify material inconsistencies with the audited financial statements. If we become aware of any material misstatements or inconsistencies we consider the implications for our report.
Opinion on the financial statements
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2021, and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; including Financial Reporting Standard 105 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you, if in our opinion:
the information given in the Trustes' Annual Report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Shahbaz Munir, Senior Statutory Auditor
on behalf of Adam & Co Accountancy Ltd
Chartered Certified Accountants and Statutory Auditors
14/11/2021
4
Islamic Cultural & Educational Association Statement of Financial Activities for the year ended 31 March 2021
| Notes Incoming Resources Grants Appeals Donations and collections Total Incoming Resources Net Incoming Resources available for charitable applications A Resources expended (see page 13) Direct charitable expenditure Management and administration of the charity Total Resources expended B Net Incoming Resources C ( ie Total A minus Total B = C ) Gross Transfers between funds :- Net Incoming Resources before revaluations and investment asset disposals Net Movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2021 2021 2021 £ £ £ 57,352 - 57,352 - 4,269 4,269 241,498 23,325 264,823 298,850 27,594 326,444 298,850 27,594 326,444 263,706 17,270 280,976 109,016 - 109,016 |
Prior Period Total Funds 2020 £ - 9,417 393,545 |
|---|---|---|
| 402,962 | ||
| 402,962 | ||
| 249,403 113,384 |
||
| 372,722 17,270 389,992 |
362,787 | |
| (73,872) 10,324 (63,548) 3,132 - 3,132 |
40,175 - |
|
| (70,740) 10,324 (60,416) |
40,175 | |
| (70,740) 10,324 (60,416) |
40,175 | |
| 4,513,319 310,949 4,824,268 |
4,784,093 | |
| 4,442,579 321,273 4,763,852 |
4,824,268 |
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said Statement.
All activities derive from continuing operations
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts
5
Islamic Cultural & Educational Association Statement of Financial Activities for the year ended 31 March 2021
| Statement of Total Recognised Gains and Losses for the year ended 31 March 2021 Excess of Expenditure over income before realisation of assets Net Movement in funds before taxation |
2021 2020 (63,548) 40,175 |
|---|---|
| (63,548) 40,175 |
There were no other recognised gains or losses for the year or the prior year that are not included above.
Movements in revenue and capital funds for the year ended 31 March 2021
| Revenue accumulated fund | Revenue accumulated fund | Unrestricted | Restricted | Total | Last year |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Accumulated fund brought forward | 4,513,319 | 310,949 | 4,824,268 | 4,784,093 | |
| Recognised gains and losses | for year | (70,740) | 10,324 | (60,416) | 40,175 |
| Closing Accumulated fund | 4,442,579 | 321,273 | 4,763,852 | 4,824,268 | |
| Summary of funds | Designated | Unrestricted | Restricted | Total | Last year |
| Funds | Funds | Total Funds | |||
| 2021 | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Revenue funds | - | 4,442,579 | 321,273 | 4,763,852 | 4,824,268 |
| Total funds | - | 4,445,711 | 321,273 | 4,763,852 | 4,824,268 |
| - | - |
The statement of changes in resources applied for fixed assets for organisation's use is shown in the notes to the accounts.
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts.
6
Islamic Cultural & Educational Association Balance Sheet as at 31 March 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 5 | 4,556,491 | 4,652,933 | ||
| 4,556,491 | 4,652,933 | ||||
| Current assets | |||||
| Stocks & Work in progress | 7 | - | 4,868 | ||
| Debtors | 8 | 4,176 | 9,059 | ||
| Cash at bank | 361,759 | 316,905 | |||
| Cash in hand | 359 | 305 | |||
| 366,294 | 331,137 | ||||
| Creditors: | |||||
| amounts due within one year | 9 | (158,933) | (159,802) | ||
| Net current assets | 207,361 | 171,335 | |||
| Total assets less current | |||||
| liabilities | 4,763,852 | 4,824,268 | |||
| Creditors:- | |||||
| amounts due after more than | |||||
| one year | - | - | |||
| Net Assets | 4,763,852 | 4,824,268 | |||
| Capital and reserves | |||||
| Unrestricted revenue reserves | 4,442,579 | 4,513,319 | |||
| Resources freely available | 4,442,579 | 4,513,319 | |||
| Restricted revenue reserves | 321,273 | 310,949 | |||
| Accumulated Funds | 4,763,852 | 4,824,268 | |||
| - | - |
The Board of Trustees are satisfied that the organisation is required to have an audit by virtue of its level of turnover or by virtue of any requirement under its constitution or otherwise.
The Board of Trustees also acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under 'Trustees' Responsibilities' in the Report of the Trustees.
Approved by the order of the Trustees on … 14/11/2021
Abdul Sattar
General Secretary
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts
7
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2021
1 Accounting policies
Basis of accounts preparation
The financial statements have been prepared in accordance with the Charities Act 2011. The accounts have been prepared in accordance with the micro entity provisions of the small entities under FRS 102, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, adapted to meet the needs of unincorporated organisations.
The organisation has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement.
The charity is entirely dependent on continuing donations from the local community and as a consequence the going concern basis is also dependent on the continuing donations. The particular accounting policies adopted are set out below
Accounting convention
The financial statements are prepared, on a going concern basis, accrual basis under the historical cost convention.
Incoming Resources (funds received)
Incoming resources such as donations, gifts and collections are accounted for on a receivable basis deferred as described below where appropriate.
Fund accounting
General funds comprise the accumulated surplus or deficit on the statement of financial activities. They are available for use at the discretion of trustees in the furtherance of the general activities of the charity.
Unrestricted funds
Unrestricted funds are the net incoming resources available for the objects of the charity without specified purposes and are part of the general funds.
Restricted funds
Restricted funds are the net incoming resources avaiable for a particular area or purpose stated by the donor and are allocated appropriately..
Resources expended (charitable expenditure)
Expenditure is accounted for on an accruals basis and allocated to the relevant activity Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
Activities in the furtherence of the charity's objectives.
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities.
Management and administration of the charity.
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements
Going concern
The Association has sufficient cash at bank at the year end and has raised further funds since the year end, which provide adequate resources to finance committed development programme, along with the day to day operations. The trustees monitor the expenditure level and adjust development expenditure to ensure that expenditure is only incurred when sufficient funds are available to cover payments as they fall due. On this basis, the trustees have reasonable expectation that the association has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which this report and financial statements are signed. For this reason, it continues to adopt the going concern basis in the financial statements.
8
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2021
Depreciation
Depreciation is calculated at a rate which will write off, the cost of the asset, over its expected useful life as follows:
| useful life as follows: | ||
|---|---|---|
| Porta cabins | 15% | on written down value |
| Fixtures and equipment | 15% | on written down value |
| Computer equipment | 15% | on written down value (previously 25%) |
| Buildings | 2% | straight line |
Land is not being depreciated because the trustees are of the opinion that the market value of the assets is more than the cost and are unlikely to fall below cost in the foreseeable future.
Stocks
Stocks are stated at lower of cost and net realisable value.
2 Winding up or dissolution of the charity
If the charity were to be dissolved or wound up the trustees would pass any net assets to similar organisations and deserving causes.
| 3 Analysis of incoming resources and analysis of 2021 direct charity expenses and administration costs £ Grants and appeal funds 61,621 Donations and safe collections 264,823 (See page 13 for analysis of sources of income and expenditure). 326,444 £ Direct charitable expenditure 280,976 Management and administration 109,016 (See page 13 for analysis of sources of income and expenditure). 389,992 Numbers of full and part time employees or their time equivalents Engaged on charitable activities on average -Full Time 5 Engaged on charitable activities on average -Part Time 17 £ Wages and salaries 142,432 Social security and pension costs 6,015 148,447 |
2020 £ 9,417 393,545 |
|---|---|
| 402,962 | |
| £ 249,403 113,384 |
|
| 362,787 | |
| 6 20 |
|
| £ 151,123 9,328 |
|
| 160,451 |
There were no fees or other remuneration payable to trustees
There were no employees with emoluments in excess of £50,000 per annum
| 4 Cost of auditor and accounting Audit fees Accountants fees 5 Tangible fixed assets Cost or valuation At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 |
services Land £ 522,000 - 522,000 - - - 522,000 |
Buildings £ 4,643,483 - 4,643,483 565,537 88,494 654,031 3,989,452 |
2021 £ 990 500 1,490 Porta Cabins £ 18,982 - 18,982 17,727 188 17,915 1,067 |
2020 £ 990 500 |
|---|---|---|---|---|
| 1,490 | ||||
| Fixtures and equipment £ 197,260 - |
||||
| 197,260 | ||||
| 145,769 7,724 |
||||
| 153,493 | ||||
| 43,767 |
9
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2021
| At 31 March 2020 Cost or valuation At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year On disposals At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 |
522,000 Computer equipment £ 24,110 - - 24,110 23,869 36 - 23,905 205 241 |
4,077,946 | 1,255 | 51,491 | Total £ 5,405,835 - - |
|---|---|---|---|---|---|
| 5,405,835 | |||||
| 752,902 96,442 - |
|||||
| 849,344 | |||||
| 4,556,491 | |||||
| 4,652,933 |
Land is not being depreciated because the trustees are of the opinion that the market value of the assets is more than the cost and are unlikely to fall below cost in the foreseeable future.
6 Analysis of assets and liabilities representing each of the charity's funds
| At 31 March 2021 Unrestricted Designated (Current year) funds funds £ £ Tangible fixed assets 4,556,491 - Current Assets 366,294 - Current Liabilities (creditors) (158,933) - Long Term Liabilities (creditors) - 4,763,852 - At 1 April 2020 Unrestricted Designated (Previous year) funds funds £ £ Tangible fixed assets 4,652,933 - Current Assets 331,137 - Current Liabilities (creditors) (159,802) Long Term Liabilities (creditors) - - 4,824,268 - 7 Stock Closing stock These comprise of books in the library and radios purchased. 8 Debtors Madrassa fees Thornbury play and learn nursery (100% subsidiary) (This is owed by TPLN to ICEA for maintainance and other costs) 9 Creditors: amounts falling due within one year Accruals (expenditure unpaid as at 31 March) Private loans (karz-e-hasnah interest free) Other creditors (wages unpaid as at 31 March) |
Restricted funds £ - - - - Restricted funds £ - - - - 2021 £ - 2021 £ 4,176 - 4,176 2021 £ 2,080 144,438 11,881 |
Total Funds £ 4,556,491 366,294 (158,933) - |
|---|---|---|
| 4,763,852 | ||
| Total Funds £ 4,652,933 331,137 (159,802) - |
||
| 4,824,268 | ||
| 2020 £ 4,868 |
||
| 2020 £ - 9,059 |
||
| 9,059 | ||
| 2020 £ 1,990 144,438 12,703 |
10
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2021
| PAYE & NI (and NEST unpaid as at 31 March) 10 Transactions with related parties The following organisation is related to ICEA: Thornbury play & learn nursery (TPLN): TPLN is 100% owned by the charity TPLN accumulated reserves for the period Net assets after liabilities of TPLN There were no other related parties. 11 Movement in Funds Balance at 2020 Restricted Funds 1st April b/f Restricted funds 310,949 Unrestricted funds 4,513,319 Total funds 4,824,268 - |
Incoming Resources 27,594 298,850 326,444 - |
534 158,933 2021 £ - - Resources Expended (17,270) (372,722) (389,992) - |
671 159,802 2020 £ 12,987 12,987 Transfers - 3,132 3,132 - |
Balance at 2021 31st March c/f 321,273 4,442,579 |
|---|---|---|---|---|
| 4,763,852 | ||||
| - |
Purposes of Restricted Funds
Appeals - this fund is for appeal monies collected on an ad hoc basis for humantarian disasters and emergencies worldwide. The monies are distributed to provide humantarian aid and basic facilities to areas in need.
Fitrana and Sadqa -these are monies collected as part of the Islamic obligation on each person born before Eid ul Fitr to pay a fixed annual rate per person. The monies are paid to needy and poor people and charities that provide such support.
Thornbury Play and Learn Nursery was set up to provide centre for young children. They receive grant from Bradford Council and is 100% owned by ICEA.
| 12 Capital committments Expenditure contracted but not provided in the accounts |
2021 £ - - |
2020 £ - |
|---|---|---|
| - |
13 Going concern
After making enquiries the trustees have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. For this reason,they continue to adopt the going concern basis in the financial statements.
14 Post balance sheet events
There were none in the period.
15 Ultimate controlling party
The trustees have ultimate control of the charity
16 Legal status and registered name of the charity
The charity is unincorporated and is governed by the provisions of its constitution. The full registered name of the charity is Islamic Cultural and Educational Association.
11
Islamie Cultural & Edueational Association Notes to the Account5 for the year ended 31 March 2021 12
Islamic Cultural & Educational Association Detailed Schedule to the Statement of Financial Activities for the year ended 31 March 2021
| for the year ended 31 March 2021 | ||||
|---|---|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds |
Prior Period Total Funds |
|||
| Incoming Resources | ||||
| Grants,Legacies and Donations Friday collections (Juma) Madrassa fees Door to door collections Ramadan collection Funerals Eid collections Gift aid Fitrana and Sadqa collections (restricted) Other donations (general and misc.) Calendar/leaflets sponsorship (restricted) Appeal funds received Membership fee School visits Nikah fees Madrassa books and stationery Refunds from bank, utilities and stamp duty Radio receiver sales Karz-e-hasnah donation Furlough grants received Thornbury play and learn nursery |
2021 £ £ £ 69,271 - 69,271 45,451 - 45,451 34,017 - 34,017 6,648 - 6,648 15,118 - 15,118 7,264 - 7,264 18,622 - 18,622 - 2,324 2,324 36,756 23,325 60,081 2,700 - 2,700 - 1,945 1,945 142 - 142 945 - 945 600 - 600 - - - 716 - 716 715 - 715 - - - 57,352 - 57,352 2,533 - 2,533 |
2020 £ 114,141 64,557 68,514 31,676 52,271 14,794 - 7,077 25,572 5,600 2,340 6,404 1,335 900 1,131 1,220 430 5,000 - - |
||
| Total Grants,Legacies & Donations Received | 298,850 | 27,594 | 326,444 | 402,962 |
| - | - | |||
| Charitable expenditure | ||||
| Direct charitable expenditure Appeals and donations paid out (restricted) Fitrana and sadqa paid out (restricted) Radio purchases Staff wages and pensions MCEC resources and expenses Imams and Tajweed classes expenses Rates and water Light and Heat Insurance and service charge Repairs and maintenance Stationery and printing Telephone, internet and fax Cleaning and ppe materials Bank charges Events held costs Training and IT equipment costs Quantity surveyor and planning fees Legal costs (CRBs/DBS) TPLN overheads Decrease/ (Increase) in stocks: Radios and books Management and administration of the charity Staff wages Audit fee Sundry expenses Depreciation of assets Accountants fees Total spent Surplus /(deficit) for theyear |
£ - 1,945 1,945 - 2,325 2,325 146 - 146 138,447 - 138,447 6,838 - 6,838 728 - 728 4,020 - 4,020 27,638 - 27,638 7,883 - 7,883 54,311 13,000 67,311 4,178 - 4,178 1,818 - 1,818 2,497 - 2,497 58 - 58 - - - 2,450 - 2,450 4,785 - 4,785 150 - 150 2,891 - 2,891 4,868 - 4,868 |
£ 2,340 7,077 3,560 145,339 2,588 869 5,038 30,839 9,982 18,635 8,691 1,631 1,894 19 254 7,713 960 1,974 - - |
||
| 263,706 | 17,270 | 280,976 | 249,403 | |
| 10,000 - 10,000 990 - 990 1,084 - 1,084 96,442 - 96,442 500 - 500 |
15,112 990 1,267 95,515 500 |
|||
| 109,016 | - | 109,016 | 113,384 | |
| 372,722 | 17,270 | 389,992 | 362,787 | |
| (73,872) | 10,324 | (63,548) | 40,175 |
13
Islamic Cultural & Educational Association Detailed Schedule to the Statement of Financial Activities for the year ended 31 March 2021
| Reconciled to revenue accumulated fund (Total as per Balance Sheet) Accumulated funds Surplus / (deficit) for the year |
Total Funds 2021 £ 4,827,400 (63,548) |
Total Funds 2020 £ 4,784,093 40,175 |
|
|---|---|---|---|
| 4,763,852 | 4,824,268 |
The surplus is income for ongoing projects in line with charity's objectives.
| Buildings construction costs (see additions in note 5) Building works/ CCTV etc MCEC internal fit out and construction work Total asper additions in note 5 to the accounts |
2021 £ - - |
2020 £ - - |
|---|---|---|
| - | - | |
| Transactions with related parties Thornbury play & learn nursery (TPLN): TPLN is 100% owned by the charity Net assets after liabilities of TPLN Total asper note 10 to the accounts |
||
| 2021 £ - |
2020 £ 12,987 |
|
| - | 12,987 |
14