2022-09-30-accounts - Salafi Bookstore And Islamic Centre

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		Page
Trustee's Report
Independent Auditor's	Report
Statement OfFinancial	Activities	12
Balance Sheet		13
Statement ofCash Flows		14
Notes ToThe Financial	Statements	15
Income &Expenditure	Statement	21

Mr	Amjad	Rafiq		-Trustee
Mr	Amjad	Hussain		-Trustee
Mr	Nigel	Andrew	Francis	-Trustee

The trustees are appointed	by a resolution ofthe trustees passed at a special meeting called under clause "D"ofthe Deed of	by a resolution ofthe trustees passed at a special meeting called under clause "D"ofthe Deed of
Trust. The trustees are responsible for		the following:
-The day to	day running	ofthe bookstore and online bookstore;
-Organising	fundraising	activities;
-Organising	events for	propagation ofthe goals ofthe charity;
-All administrative affairs connected to the charity.

ofthe charity are set out in the Charity's Trust	ofthe charity are set out in the Charity's Trust	Deed and can	Deed and can	Deed and can	be expressed as	be expressed as	follows	in slightly more detail:	in slightly more detail:	in slightly more detail:
-To publish	books and leaflets to advance the	understanding			ofthe	Salafi beliefs and		practices
-To provide	a bookstore in a safe and welcoming		environment		open	to all religions and persuasions				to come	and learn Salafi	beliefs
and practices
-To advance	the education ofthe community,	in	particular	Muslims		through	the maintenance		ofeducational		establishments	and
mosques

Responsibilities oftrustees
As explained more fully in the trustees' responsibilities statement set out on pages 7-8, the	trustees are responsible for the		preparation of				the
financial statements and for being satisfied that they give a true and fair view, and for such		internal control as the trustees determine				is necessary to
enable the preparation offinancial statements that are free from material misstatement, whether due to fraud orerror.
In preparing the financial statements, the trustees are responsible for assessing the charity's		ability to continue as agoing concern,			disclosing,			as
applicable, matters related to going concern and using the going concern basis ofaccounting		unless the trustees either intend to		liquidate			the charity
or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit ofthe financial statements
We have been appointed as auditor under Section 144ofthe Charities Act 2011and report		in accordance with the Act and	relevant regulations						made
or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as		a whole are free from material	misstatement,				whether due
to &aud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ofassurance, but					is not a		guarantee
that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or	in the aggregate, they could reasonably				be	expected		to
influence the economic decisions ofusers taken on the basis ofthese financial statements
Irregularities, including &aud, are instances ofnon-compliance with laws and regulations.	We design procedures in line with our responsibilities,
outlined above, to detect material misstatements in respect ofirregularities, including fraud.		The extent to which our procedures		are		capable of
detecting irregularities, including fraud is detailed below:
~ the engagement partner ensured that the engagement team collectively had the appropriate		competence, capabilities and skills		to	identify		or recognise
non-compliance with applicable laws and regulations;
~ we identified the laws and regulations applicable to the company through discussions with		trustees and other management,	and from our commercial
knowledge and experience ofthe islamic religious sector;
~ we focused on specific laws and regulations which we considered may have adirect material effect on the financial statements				or the operations
ofthe company, including the Charities Act 2011,taxation legislation, data protection, anti-bribery, employment, environmental
and health and safety legislation;
~ we assessed the extent ofcompliance with the laws and regulations identified above through making enquiries ofmanagement				and		inspecting			legal
correspondence' and
~ identified laws and regulations which were communicated within the audit team regularly		and the team remained alert to	instances			ofnon-compliance
throughout the audit. We assessed the susceptibility ofthe company's financial statements		to material misstatement, including		obtaining			an
understanding ofhow fraud might occur, by:
~ making enquiries ofmanagement as to where they considered there was susceptibility to	&aud, their knowledge ofactual,		suspected			and	alleged fraud;
~considering the internal controls in place to mitigate risks offraud and non-compliance with laws and regulations; and
To address the risk offraud through management bias and override ofcontrols, we:
~ performed analytical procedures to identify any unusual or unexpected relationships;
~tested journal entries to identify unusual transactions;
~assessed whether judgements and assumptions made in determining the accounting estimates were indicative ofpotential			bias;
~ investigated the rationale behind significant or unusual transactions.
In response to the risk ofirregularities and non-compliance with laws and regulations, we designed procedures which included,				but were not limited to:
~ agreeing financial statement disclosures to underlying supporting documentation;
~ reading the minutes ofmeetings ofthose charged with governance;
~ enquiring ofmanagement as to actual and potential litigation and claims;
~ reviewing correspondence with the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed	that laws and regulations are &om financial transactions,
the less likely it is that we would become aware ofnon-compliance. Auditing standards also		limit the audit procedures required		to	identify
non-compliance with laws and regulations to enquiry ofthe trustees and other management	and the inspection ofregulatory		and	legal		correspondence,				if
ally.
Material misstatements that arise due to &aud can be harder to detect than those that arise fi'om error as they may involve deliberate					concealment				or
collusion.

		Restricted	Unrestricted	TOTAL	TOTAL	TOTAL
Incomin Resources	Notes	Funds	Funds	Funds 2022	Funds	2021
		f			f
Incoming Resources from
generating funds:
Donations, legacies and similar			319,696	319,696		361,339
Incoming Resources from
Charitable activities			731,448	731,448		447,352
Incoming Resources Irom
Rental Income			31,596	31,596		34,096
Government Grant		3,684		3,684		51,930
TOTAL INCOMING RESOURCES		3,684	1,082,740	1,086,424		894,717
Resources Ex ended
Costs ofGenerating funds			147,910	147,910		100,125
Charitable Activities		3,684	765,960	769,644		656,324
Governance Costs			14,733	14,733		7,005
TOTAL RESOURCES EXPENDED		3,684	928,603	932,287		763,454
OTHER RECOGNISED GAINS/(LOSSES):
Gains on revaluation offixed assets
for the charity's own use
NET MOVEMENT IN FUNDS			154,137	154,137		131,263
RECONCILIATION OF FUNDS
TOTAL FUNDS Brought forward			1,380,725	1,380,725	1+49,462
TOTAL FUNDS Carried forward			1,534,862	1,534,862	1+80,725

		BALANCE SHEET AS AT 30SEPTEMBER2022	BALANCE SHEET AS AT 30SEPTEMBER2022
		Notes
			2022	2021
FIXEDASSETS
Freehold Property &Improvements			816,418		821,309
equipment			5,575		4,464
Plant &Machinery			8,250
Fixtures &Fittings			2,236		1,672
			832,479		827,445
CURRENT ASSETS
Stock		12	26,748	57,890
Debtors		13	59,155	106,095
Cash &Bank Account Balances			629,898	396,101
			715,801	560,086
LESSCREDITORS: Amounts
Falling Due Within One Year		14	13,418)	(6,806
NET CURRENT (LIABILITIES)ASSETS
			702,383		553,280
			1,534,862		1,380,725
LESSCREDITORS: Amounts	Falling
Due after more than One Year		15
TOTAL ASSETSLESSTOTAL LIABILITIES			1,534,862		IP80,725
THE FUNDS FTHE CHARITY:
Unrestricted Funds
General/ Designated Purpose Funds B/Fwd		17	1,380,725	1,249,462
General Purpose Funds ForThe	Year		154,137	131,263
Designated Purpose Funds For The Year
			1,534,862		1,380,725
Restricted Funds
Specific Funds B/fwd			NIL
Specific Funds For the Period			NIL
TOTAL CHARITY FUNDS			1,534,862		1,380,725

(i) Ta	ngible Fixed Assets (Depreciat	ion)
These	are only capitalised when they	can be used for	more than ayear and	cost more than f250.They are valued at	cost or a reasonable
value	on receipt. The charity does not	have a policy ofrevaluation. Depreciation is charged as follows:
	-Plant &Machinery		25%at reducing	balance basis
	-Equipment		25%at reducing	balance basis
	-Fixtures &Fittings		25%at reducing	balance basis
	-Buildings		2%straight line	basis
	-Land		Nil
Land	is not depreciated. Depreciation	on other assets	is charged so as to allocate the costofassets less their residual		value over their estimated
useful	lives, using the reducing balance method.

								Restricted	Unrestricted	TOTAL	TOTAL
								Funds	Funds	2022	2021
											f
			Donations		- General				319,696	319,696	361,339
			Donations		—Restricted
									319,696	319,696	361@39
3.Incoming		Resources			from charitable	Activities
								Restricted	Unrestricted	TOTAL	TOTAL
								Funds	Funds	2022	2021
Funds from		Sho Activities
			Shop Sales		&Publications				731,448	731,448	447@52
									731,448	731,448	447@52
Incomin	Resources from Other Resources
								Restricted	Unrestricted	TOTAL	TOTAL
								Funds	Funds	2022	2021
								f		f	f
			Rental income						31,596	31,596	34,096
			Government		Grant			3,684		3,684	51,930
								3,684	31,596	35,280	86,026
									Unrestricted
							Restricted	Unrestricted	Support	Total	Total
							Funds	Funds	Costsf	2022 f	2021
4.Cost ofGenerating				Funds
			Support Costs						147,910	147,910	100,125
5.Charitable			activities
Shop (Faith		and worship):
		Shop &Mosque					3,684	478,753		482,437	398,574
Community		activities:
		Donations			&Conference Costs			287,207		287,207	257,750
Total charitable activities							3,684	765,960		769,644	656@24
6.Governance			costs					14,733		14,733	7,005

7.Support Costs
	Cost of
	Generating				Total	Total
	Funds	Premises	Sundry	Goveraance f	2022	2021
Rent, Rates &Utilities		118,174			118,174	82,479
Waste Collection		2,822			2,822	3,005
Office Costs	11,692				11,692	5,272
Bank Charges	4,772				4,772	1,887
Travel	206				206	545
Depreciation	10,244				10,244	6,937
	26,914	120,996			147,910	100,125

				2022	2021
				f	f
Auditors	remuneration			7,000
Depreciation				10,244	6,937
				17,Z44	6,937
10.Staff	costs
				2022	2021
Wages and salaries				149,460	118,607
Social security		costs		12,142	8,135
				161,602	126,742
Average	number ofemployees		for the period	13
				13
No employees		were paid more	than f60,000.

			Land &	Plant	&	Equipment	Fixtures	&
			Bailding f.	Machinery f		f	Fittings		Total
COST
As At 1 October 2021			862,882			16,784	20,988		900,654
Additions					11,000	2,969		1,309	15,278
Revaluation
As At 30September 2022			862,882		11,000	19,753	22,297		915,932
DEPRECIATION
As At I October 2021			41,573			12,320		19,316	73,209
Charge ForThe Year			4,891		2,750	1,858		745	10,244
As At 30September 2022					2,750	14,178	20,061		83,453
NET BOOK VALUES
AS AT 30September 2022			816,418		8,250	5,575		2,236	832,479
AS AT 30September 2021			821,309			4,464		1,672	827,445
12.STOCK				2022			2021
Goods for resale					26,748		57,890
				2022			2021
13.DEBTORS				f			f
Trade Debtors &Prepayments							32,400
Other Debtors					59,155		73,695
					59,155		106,095
Other Debtors include payments		to non for profit organisations	with similar	objectives.
14.CREDITORS: Amounts	falling			2022			2021
dne within one year
Trade Creditors					9,796			3,541
Taxation &Social Security Costs					3,622
Other Creditors								3,265
					13,418			6,806
15.CREDITORS: Amounts due after one year	falling			2022			2021 f
Other Creditors

17.Reserves	2022	2021
As At I October 2021	1,380,725	1,249,462
Net Surplus for the period	154,137	131,263
As At 30September 2022	1,534,862	1,380,725

				2022	2021
					f
Net movement in funds				154,137	131,263
Add back depreciation	charge			10,244	6,937
Deduct depreciation on	disposed offasset
Add back loss on disposal ofassets
Decrease/ (Increase) in	stock			31,142	(6,407)
Deduct income shown	in investing	activities		(31,596)	(34,096)
Add loss on revaluation	ofassets
Decrease/ (Increase) in	debtors			46,940	(420)
Increase/ (Decrease) in	creditors			6,612	1,442
Deduct short-term loan	shown in financing		activities
Net cash used in operating activities				217,479	98,719

			Restricted	Unrestricted	Total	Total
			Funds	Funds	2022	2021
			f	f	f
INCOME
Bookstore &Publications				731,448	731,448	447+52
Donations - General				319,696	319,696	361,339
Rental Income				31,596	31,596	34,096
Government Grant			3,684		3,684	51,930
			3,684	1,082,740	1,086,424	894,717
~E* do
Bookstore &Publications
Opening Stock				57,890	57,890	51,483
Purchases/ Direct Costs				283,025	283,025	274,081
Closing Stock				(26,748)	(26,748)	(57,890)
				314,167	314,167	267,674
Charitable Ex enditure
Overseas Aid Projects				266,026	266,026	247,337
Educational Conferences				21,181	21,181	10,413
				287,207	287407	257,750
0 eratin &Administration		Kx euditure
Wages, Social Security &Pension			3,684	157,918	161,602	126,742
Rent, Rates, Water &	Insurance			78,309	78,309	70,116
Heat &Light				39,865	39,865	12,363
Telephone &Internet				1,474	1,474	2,005
Stationery Postage &ITCosts				5,032	5,032	3,629
Travel Costs				206	206	545
Waste Collection				2,822	2,822	3,005
Office Costs				10,218	10,218	3,267
Advertising				1,636	1,636	529
Bank Charges				4,772	4,772	1,887
Depreciation				10,244	10,244	6,937
			3,684	312496	316,180	231,025
Governance
Book-Keeping, Accountancy &Audit				13,250	13,250	6,000
Legal &Professional	Fees			1,483	1,483	1,005
Trustees' Travel Expenses
				14,733	14,733	7,005
TOTAL EXPENDITURE			3,684	928,603	932,287	763,454
EXCESSINCOME	OVER EXPENDITURE			154,137	154,137	131/63