**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