2020-12-31-accounts - The Muslim Council Of Britain Charitable Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Trustees' report			1-3
Statement ofTrustees'		responsibilities
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial statements			8-13

				Unrestricted	Restricted	Total	Total
				funds	funds
~Inc ~remi			Notes	2020 f	2020 9	2020 6	2019 6
Donations and legacies				47,460	212,187	259,647	166,147
Other trading activities				69,063		69,063
Total income				116,523	212,187	328,710	166,147
~E* Ch
Cost ofGenerating	funds		4	25,000		25,000
Charitable activities				34,414	216,382	250,796	157,268
Governance costs				17,682		17,682	35,261
Loss —investment	write off						115,200
Total resources expended				77,096	216,382	293,478	307,729
Net income/(expenditure)		for the year/
Net movement in funds				39,427	(4,195)	35,232	(141,583)
Fund balances at 1	January	2020		43,180	20,047	63,227	204,808
Fund balances at	31 December 2020			82,607	15,852	98,459	63,225

				2020		2019
			Notes			f
Current assets
Debtors Cash at bank and in		hand		49,208 56,450		38,209 32,218
Creditors:	amounts	falling due within		105,658		70,427
one year			10	(7,200)		(7,200)
Net current	assets				98,458		63,227
Income funds
Restricted Unrestricted	funds funds		11 12	30,707 67,752		30,708 32,518
					98,458		63,227
					98,458		63,227

1	Accounting policies
1.1	Accounting convention
	The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "Accounting and RepaAing by Charities: Statement of Recommended Practice applicable to charities preparing their accounts Inaccardance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)(a(factive 1 January 2019)".The Charity is a Public Benefit Entity as deiined by FRS102,
	The Charity ihas taken advantage ofthe provisions in the SORP for charities applying FRS 102Update Bulletin 1 not to prepare a Statement of Cash FlaWs.
	The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of
	Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
	Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
	The financial statements are prepared in sterling, which is the functional cunency of the Charity. Monetary amounts in these financial statements are rounded to the nearest E.
	The financial statements have been prepared under the historical cost convention, modified to include the
	revaluation offreehold properties and to indude investment properties and certain financial instruments at fair
	value. The principal accounting policies adopted are set oui below.
1.2	Going concern
	At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity
	has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
	continue to adopt the going concern basis ofaccounting in preparing the financial statements.
1.3	Charitable funds
	Unrestricted funds are available iar use at the discretion of the Trustees in furtherance of their charitable
	objectives.
	Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
	uses ofthe restriicted funds are set out in the notes to the financial statements.
	Endowment funds are subject ta specific conditions by donors that the capital must be maintained by the
	Charity.
1.4	Income
	Income is recognised when the Charity is legally entitled to it after any performance conditions have been met,
	the amounts can be measured reliably, and it is probable that income will be received.
	Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
	ofthe donation unless performance conditions require deferral ofthe amount. Income tax recoverable in relation
	to donations received under Gift Aid or deeds ofcovenant is recognised at the time ofthe donation.
	Legacies are recognised on receipt or otherwise ifthe Charity has been notified of an impending distribution, the amount is known, and receipt is expected. Ifthe amount is not known, the legacy is trealed as a contingent
	asset.

	Donations and legac
			Unrestricted	Restdicted	Total	Total
			funds	funds
			2020	2020	2020	2019
			8	8	8
	General Donations Just Giving Donations Visit My Mosque		43,778 3,682	4,850	43,778 3,682 4,850	4,429 6,292
	OMOF Our Mosques Our Future Project Media Moniloring Project Women in Mosques Development Elderly Care Projecl Charities Aid Foundation	8 LMR		11,400 193,073 2,864	11,400 193,073 2,864	89,943 14,993 9,500 40,990
			47,460	212,187	259,647	166,147
3	Other trading activities
					Unrestricted	Total
					funds
					2020 8	2019f
	Digital Panel Partnership				69,063

				Unrestricted	Total
				funds
				2020	2019
				E
Purchase	of	advertising	panels	25,000
				25,000

				Total	Total
				2020	2019
	Media Monitoring Project			193,074	89,970
	Mass Gathering and	Global Health
	Conference				4,293
	Charities Aid Foundation				34,665
	Women in Mosques	Development			14,993
	Visit My Mosque			4,850
	OMOF Our Mosques	Our Future	& LMR
	Project			11,400
	Elderly care Project			7,058	10,219
	General Donation			34,413	3,128
	Just Giving Donation
				250,795	157,266
6	Governance cost
				2020	2019
				f	5
	Administrative expenses			12,712	28,000
	Computer expenses			125	62
	Light &Heat			3,432	3,305
	Sundry Insurance			214	1,774 319
	Accountancy			1,200	1,800
				17683	35260

recognised	in profit or loss:
		2020	2019
		6	5
ln respect Property,	of: plant and equipment		115,200

Dbt
eors	2020	2019
Amounts falling due within one year:	6	5
Trade debtors Other debtors	14,530 34,678	14,531 23,678
	49,208	38,209

2020	2019
6	5
7,200	7,200

donations and grants held on tr	ust for spec	ific purposes:
			Movement in funds
		Balance at 1Jsnosry 2020	Incoming resources	Resources expended	Transfers	Balance st 31 December 2020
		f
Chaplaincy Project Leadership Project		14,556 1,991				14,556 1,991
Mass Gathering and Global Health Conference Charities Aid Foundation		7,836 6,325				7,836 6,325
Media Monitoding Project Visit My Mosque			193,073 4,850	(193,073) (4,850)
OMOF Our Mosque our Future Project Elderly care Project	& LMR		11,400 2,864	(11,400) (7,058)	4,194
		30,708	212,187	(216,381)	4,194	30,708

unrestric	or specific purposes:
		Movement in funds
	science at 1Jsnusry	Incoming resources	Resources expended	Transfers	Bslenee at 31 December 2020
	2020	8		nc	6
General Donation Just Giving Digital Panel Partnership	4,429 28,091	43,778 3,682 69,063	(52,096) (25,000)	27,578 (31,773)	23,689 44,063
	32,520	116,523	(77,096)	(4,195)	67,752