| 1hc object o | fthc Trust shall bcto help thc Inca) commun | ity ofWalthamstow an |
d thc surm | mxhng area: |
|---|---|---|---|---|
| (i) | for the sdvanixxnent ofthe religion oflshm | in accordance with thc | tenets and | doctrine oFthc Hanafi |
| Sunni Sectofblam: | ||||
| (ii) | Forthc mlicfofpoverty, sicknms and distress; snd | |||
| (iii) | to prowdc and assist in thc piovision of facilidcs forthc recreation | snd other leisure time | ||
| occupation ofthc Muslim inhabrtams ofthc environment and condidons oflife. |
arcs which vri II help in | improving | their social | |
| Organlsatlon |
| i'or the year ended 31 | Decemb | er | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| itcstrictcd | Total | Total | ||||||
| Notes | Funds | Funds | Funds | Funds | ||||
| (Building) | (fhher) | 2020 | 7019f | |||||
| lacollllag rcsollrces | ||||||||
| Donations | 139,694 | 11,468 | I5I,I62 | I53,918 | ||||
| Invcsnncnt income |
23,311 | 23,3I I | 24,1$0 | |||||
| Gilt-Anl | I2,382 | I2.3$2 | 5.467 | |||||
| Nct mcoming resources | avallabk | 175,3$7 | 11,468 | 186.855 | 183,565 | |||
| for charltabk appilcatiou |
||||||||
| Charitable expeaditure | ||||||||
| Saiartcs and NLC | 98,982 | 98,982 | 103,466 | |||||
| Pension | I,128 | I,I28 | l,005 | |||||
| Furlough repnymen« In%nance |
(5,082) 5.02$ |
(5,082) S,02$ |
4.5 I0 | |||||
| Wnt(T mtcs | I 239 | 1239 | 2,338 | |||||
| light and heat | 5 301 | 5901 | 7483 | |||||
| Tclcphoae Ih internet | 1,272 | 1272 | I,I58 | |||||
| Repairs aad maintenance | -Building | 2,610 | 2,610 | 8,822 | ||||
| -Equrpmcnt | 4,647 | 4,647 | 5,137 | |||||
| Accountancy fee |
l,200 | l,200 | 1„300 | |||||
| Sundry expcnsm | 437 | 437 | 626 | |||||
| Cleaning materials l.iccnsc fcc |
I43 185 |
143 185 |
56S 185 |
|||||
| Professional fccs |
500 | 500 | 549 | |||||
| Dcptcctanon | 3,005 | 25,117 | 28,122 | 2$,122 | ||||
| Motor expenses | I,550 | 1,550 | l,330 | |||||
| (mvid 19expenses | 1.703 | 1,703 | ||||||
| Repu&vaunts made tocharitics |
3,700 | 3,700 | 22,72$ | |||||
| Total charitable expentwture |
122298 | 25.117 | 5.150 | 152.565 | 189.324 | |||
| Total resources espeaded | 122298 | 25.117 | 5,150 | 152,565 | 1$9,324 | |||
| Net iacomiaa resources | 53,089 | (25,117) | 641$ | 34290 | (5,759) | |||
| In&vcusc in fair value ofinnstmcnt | property | 526.016 | ||||||
| hist mov«nant in fund |
||||||||
| Funds balances ut 31December | 2019 | I, I I6,350 | 2,0$l,366 | IS,40S | 3,2I3.12I | 2.692.Ãvl | ||
| Fuads balances at31 December | ZOZO | 1469,439 | 2,056~9 | Zl,723 | 3247,4li | ~iMZi |
| Via(ex | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Fixed assets | 3 | 2,209,5SO | 2,237,672 | ||||
| investment property |
4 | 600.000 | GOO.OOO | ||||
| 2.((ou 55(I | 7.((37.672 | ||||||
| Current assets | |||||||
| Debtors arul prepaymenLs | 5 | 9,369 | &,589 | ||||
| Dank current acrxrun( | 301,305 | 240,458 | |||||
| Dank deposi( accoun( | 143,903 | 142,l92 | |||||
| Cash | 3S | 35 | |||||
| I51.&iI7. | 391,77( | ||||||
| Creditors duc vrithhr | unc year | ||||||
| Creditors and accruals | 6 | (&i85 I | 437.76( | 15475 | 375.449 | ||
| Total assets icss current liabilities | 3247 311 | 3213121 | |||||
| Total nct assets | 3447411 | 3,213,121 | |||||
| Restricted funds | 7,.(177.&77 | 2.09&i.77I | |||||
| Unrus(ric(ed funds |
1,169439 | 1,116,350 | |||||
| Total funds | 3+47+11 | 3,213,121 | |||||
| Approved bv the board |
oftrustccs and si&ncd on its | behalf bv | |||||
| 1Mchtar | I= Vavrda | ||||||
| Trcasurcr | Sccrctary |
| 2 investment income |
20M | 2019 | ||
|---|---|---|---|---|
| Return On bank dcpOSit aCCCSmt |
I 711 | 1,695 | ||
| Rental income | 21.600 | 22,485 | ||
| 233I I | 24,180 | |||
| 3Tangible fixed assets | Freehold land 43rbuildings |
Furniw re fitting 4 |
Ambulaace | Total |
| Cost or valuation | crpripmcntf | |||
| Ai I Ja ~y 2020 | 2.755.856 | 80.505 | 24.070 | 2.360.431 |
| Additions | ||||
| At 3 I Iscccmbcr 2020 | 2,255,856 | 80.505 | 24.070 | 73(AI,43 I |
| Depreciation At 0I January 2020 |
50,234 | 64.505 | 8.020 | I22,759 |
| «barge for the year | 25.117 | 1.000 | 7.,005 | 28,122 |
| At 31Dcccmbcr 2020 | 75,351 | 65,505 | 10025 | IAO.IIII I |
| Net book value | ||||
| At 31December 2020 | 2 180.505 | 15.000 | I4,045 | 2,209.550 |
| At 31 Occcmlxv 2020 | 2,205,622 | 16000 | 1.605II | 2,237,672 |
| 4lnvcsimcai Property |
||||
| Vora | ||||
| Fair value | ||||
| At I January 2020 |
600,000 | |||
| kcsuluation |
| 5 | Dehtors and prepaymcnts | f | 2tll9 | ||
|---|---|---|---|---|---|
| prepayments | 9.369 | 8,489 | |||
| 9W9 | $,4$9 | ||||
| 6 | Creditors aud accruals | 2020f | 2019f | ||
| Intemst free loans | I2,350 | 12„350 | |||
| Accruals and other creditors | 4.501 | 3.475 | |||
| 16,851 | 15„825 | ||||
| 7. | Restricted funds | ||||
| Building | Total | Total | |||
| ht 01January 2020 | 2,081,366 | 15,405 | 2,096,771 | 2,125.038 | |
| Net addition in the year |
11,468 | 11,468 | 20,908 | ||
| Repayments Depreciation |
(25, II7) | (5,250) | (5,250) (25, 1I7) |
(24,058) (25,117) |
|
| At 31 DeannhLv 2020 | 2,056,249 | 21,623 | 2,077,872 | 2,096,771 | |
| $. | Uarcstrictcd funds |
Revaluation | General | Total | Total |
| Reserve | Reservef | 2020 | 2019f | ||
| At 01Jtumaty 2020 | 526.016 | 590334 | I,I I&e350 | 567,$26 | |
| Surplus/(Dcscit) forthe year |
53.(19 | 53,089 | 548,524 | ||
| AI31December 2020 | 526,016 | 643,423 | 1,169,439 | 1,116,350 |