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2021-03-31-accounts

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MARKAZUL-ULOOM AL ISLAMIYYA

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CHARITY NUMBER 1085563

CONTENTS PAGES
Legal and administrative information 1
Report of the trustees 2-3
Independent examiners report 4
Statement of financial activities 5
Charity balance Sheet 6
Notes forming part of the Financial Statements 7-11

MARKAZUL-ULOOM AL ISLAMIYYA

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES: Mr. Kabir Hussain
Mr. Mohammed Aslam
Mr. Talhat Mahmood
REGISTERED OFFICE: 33-35 Ridge Road
Rotherham
South Yorkshire
S65 1NS
CHARITY NUMBER: 1085563
ACCOUNTANTS: Smart Accounting Ltd
1 Ronald Road
Darnall
Sheffield
S9 4RH
BANKERS: Yorkshire Bank
1 Frederick Street
Rotherham
South Yorkshire
S60 1QP

Page 1

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

MARKAZUL-ULOOM AL ISLAMIA REGISTERED NO: 1085563

33-35 RIDGE ROAD ROTHERHAM SOUTH YORKSHIRE, S65 1NS

TRUSTEES

OFFICE

Mr Kabir Hussain Chairman Mt Mohammed Aslam Treasurer Mr Talhat Mahmood Secretary

STRUCTURE, GOVERNANCE AND MANAGEMENT

Type of governing document Trust deed How the charity is constituted Trust Trustees Selection Method Voting

Objectives and activities

The Markazul-Uloom Al- Islamiyya is constituted under a trust deed dated 18 September 2000 and has a registered charity no 1085563.

The objectives of the trust are to establish and operate the institution for the purpose of advancing education and to advance the Islamic religion to create Islamic and culture awareness.

Make adequate provision for higher studies of the Holy Quran, the Hadith and Islamic History, Philosophy and Secular Education and other related subjects.

The trustees must use the income (and may use the capital) of the Trust in promoting the objects.

Organisation

The trustees who have served during the year and since the year end are set out on page 1. Trustees are appointed by the board of trustees by the majority vote. They will serve as a trustee until they resign or removed from the board by majority vote. Trustee meet regularly as and when required discuss any project or general progress.

Income Generation

Income was generated by regular monthly donations by the parents of Muslim children who regularly come for Islamic education and by the other local Muslim community to promote the objective.

Page 2

Risk Management

The Trustees have examined the major strategic, business and operational risks which the charity faces and confirms that systems have been established to enable regular reports to be produced so that any necessary steps can be taken to lessen those risks.

Financial review

Charity does not have any specific policy to maintain reserve funds. It will call at local community to donate funds when charity is short of funds and needs money for any specific project.

Declaration

claration
Signed on behalf of cahrity's trustees
nature
Full name Kabir Hussain
Position Trustee
Date 17/03/2021

Signature

Page 3

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF MARZKAZUL- ULOOM AL – ISLAMIYYA

FOR THE YEAR ENDED 31 MARCH 2021

REGISTERED NO: 1085563

We report on the accounts of Markazul- Uloom Al- Islamiyya for the year ended 31 March 2021, which are set out on pages 5 to 11.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts.

The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed .

It is our responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair " view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention (other than that disclosed below*)

(2) to which , in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Date 18/01/2022 Name: Abdul Rashid Relevant Professional qualifications or body: Chartered Certified Accountants

Address: 1 Ronald Road Sheffeild S9 4RH

Page 4

MARKAZUL-ULOOM AL ISLAMIYYA

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

INCOMING RESOURCES
Donations:
2
Activities in furtherance of the
charity's objective:
Children's' parents regular monthly donations
3
Activities for generating funds:
Book sales/ Charity Shop.
4
RESOURCES EXPENDED
Cost of generating funds:
Charitable expenditure :
5
Cost of activities in furtherance
of the charity's objective:
Establishment and education.
5
Management and administration.
5
Total resources expended
Loss on disposal of buildings and
plant and machinery.
8
NET INCOMING RESOURCES
6
NET MOVEMENT IN FUNDS
Funds balances B/fwd at 01/04/2020
Funds balances C/fwd at 31/03/2021		 £
UNRESTRICTED
34,265
41,040
216
75,521
-
4,130
41,217
673
46,020
-
29,501
1,446,165
1,475,666		 £
RESTRICTED
-
-
-
-
-
-
-
-
-
-
-
-
-
2021		 £
TOTAL
34,265
41,040
216
75,521
-
4,130
41,217
673
46,020
29,501
1,446,165
1,475,666		 2020
£
TOTAL
32,774
40,320
295
73,389
-
33,759
37,669
3,653
75,081
- -
(1,692)
1,447,857
1,446,165

All incoming resources and resources expended derive from containing activities.

Page 5

MARKAZUL-ULOOM AL ISLAMIYYA

CHARITY BALANCE SHEET As at 31 MARCH 2021

FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Cash at bank & in hand
CREDITORS
Amounts falling due within one year
10
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
11
NET ASSETS OVER LIABILITIES
FUNDS ACCOUNT:
UNRESTRICTED FUNDS
Approved by the Board of Trustees:
A Kabir Hussain (Trustee)		 2021
£
1,448,798
59,466
1,508,264
298
1,507,966
32,300
1,475,666
£1,475,666		 2020
£
1,449,472
39,274
1,488,746
281
1,488,465
42,300
1,446,165
£1,446,165

Page 6

MARKAZUL-ULOOM AL ISLAMIYYA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on basis of historic cost ( except that investments are shown at market value) in accordance wth: Accounting and Reporting by Charities-Statement of Recommeded Practice (SORP 2005). With accounting standards and with the Charties Act 2011.

(b) Charity status

The charity is a governed by trust deed. The trustees are named on page 1.

(c) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

(d) Restricted funds

These are to be used for specific purposes as laid down by the donor- Expenditure that meets these criteria is charged to fund, together with a fair allocation of management and support cost.

(e) Incoming resources

All incoming resources are included in the SORP when the charity is legally entitled to the income and the amount can be qualified with reasonable accuracy.

(f) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

(g) Tangible fixed assets and depreciation

Tangible fixed assets costing more than £100 are capitalised and included at cost including any incidental expenses of acquisition. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic lives as follows: Land and Building 0 % on cost Fixture and Fitting 10% on net book value

Page 7

MARKAZUL-ULOOM AL ISLAMIYYA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

2. DONATIONS

UNRESTRICTED 2021 2020 34,265 32,774

Donations include general donations and collection made on Friday, Eid and during Ramadan month from people attending mosque.

3. ACTIVITIES IN FURTHERANCE OF THR CHARITY'S OBJECTIVES

Children's' parents regular monthly donations £
UNRESTRICTED
41,040
41,040		 £
RESTRICTED
-
-
2021		 £
TOTAL
41,040
41,040		 2020
£
TOTAL
35,520
35,520

4. SHOP INCOME AND EXPENDITURE

Turnover from purchased goods
Turnover from donated goods
Operating expenses
Management expenses
Shop Expenditures
Net Income from Trading		 2021
2020
£
£
216
295
-
-
216
295
163
222
-
-
163
222
54
73
CHARITABLE TRADING		 2021
2020
£
£
216
295
-
-
216
295
163
222
-
-
163
222
54
73
CHARITABLE TRADING
295
222
-
222
73

This represents income from sale of books and other items to the children.

Page 8

MARKAZUL-ULOOM AL ISLAMIYYA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. TOTAL RESOURCES EXPENDED

Cost of generating funds-Promotion and events
Establishment and Education
Water rates
Light and heat
Telephone and stationary
Staff costs
Pension costs
Repairs & renewals
Depreciation
Staff travelling expense
Charity
Charity shop
Professuional & Legal Fees
Management and Administration
Administration expenses
Accountancy
Bank Charges
Electronic Donation Charges
Canteen & Food
Sundry & cleaning
Total resources expended		 Cost of generating funds-Promotion and events
Establishment and Education
Water rates
Light and heat
Telephone and stationary
Staff costs
Pension costs
Repairs & renewals
Depreciation
Staff travelling expense
Charity
Charity shop
Professuional & Legal Fees
Management and Administration
Administration expenses
Accountancy
Bank Charges
Electronic Donation Charges
Canteen & Food
Sundry & cleaning
Total resources expended		 UNRESTRICTED
£
4,130
1,122
4,633
6,990
23,399
48
4,188
674
-
-
163
-
41,217
-
-
-
171
-
502
673
46,020		 RESTRICTED
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL
2021
£
4,130
1,122
4,633
6,990
23,399
48
4,188
674
-
-
163
-
41,217
-
-
-
171
-
502
673
46,020		 TOTAL
2020
£
33,759
827
10,809
2,186
21,535
22
1,321
749
-
-
222
-
37,669
-
-
138
1,547
-
1,968
3,653
75,081

6. NET INCOMING REOURCES FOR THE YEAR

Accountancy
Depreciation		 2021
£
-
674		 2020
£
-
749

Page 9

MARKAZUL-ULOOM AL ISLAMIYYA

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

7. STAFF COSTS AND NUMBERS

Staff costs were as follows:
Wages and salaries
Social Security costs
Staff numbers were as follows:
Teaching and traing		 2021
£
23,399
-
23,399
2021
£
5		 2020
£
21,535
-
21,535
2020
£
4

8. TANGIBLE FIXED ASSETS

COST
As at 1st April 2020
Less, Disposals
Additions new mosque building.
At 31st March 2021
DEPRECIATION
As at 1st April 2020
Disposals
Additions
At 31st March 2021
NET BOOK VALUE
At 31st March 2021
At 31st March 2020		 Old Land &
Buildings
£
50,000
-
-
50,000
-
-
-
50,000
50,000		 New Mosque
Buildings
£
1,392,736
-
-
1,392,736
-
-
-
1,392,736
1,392,736		 Plant &
Machinery
£
15,691
-
-
15,691
8,955
-
674
9,629
6,062
6,736		 Total
£
1,458,427
-
-
1,458,427
8,955
-
674
9,629
1,448,798
1,449,472

Page 10

MARKAZUL-ULOOM AL ISLAMIYYA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. DEBTORS

UNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security costs
Accruals
UNTS FALLING DUE AFTER MORE THAN ONE YEAR
Interest free loans (repayable on demand)		 2021
£
Nil
2021
£
298
-
298
2021
£
32,300		 2020
£
Nil
2020
£
281
-
281
2020
£
42,300

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

12. RELATED PARTIES

One of the trustees, Mr Kabir Hussain was also employed by the trust and received the wages of £7,258.32 during the year. One of trustee wife Razia Bi was employed by trust and she received wages of £3,629.16 during the year.

Page 11