CHARITY REGISTRATION NUMBER: 1097074
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Bilal Masjid Trust (Greenford) Unaudited Financial Statements 1 January 2021
THE ZAK PARTNERSHIP LIMITED Chartered Certified Accountants 20 Ashfield Road
Leicester Leicestershire LE2 1LA
Bilal Masjid Trust (Greenford)
Financial Statements
Year ended 1 January 2021
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|Page|
|Trustees’|annual|report|1|
|Statement|of|financial|activities|4|
|Statement|of financial|position|5|
|Notes|to|the|financial|statements|6|
|The|following|pages|do|not form|part|of the|financial|statements|
|Detailed|statement|of financial|activities|14|
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Bilal Masjid Trust (Greenford)
Trustees’ Annual Report
Year ended 1 January 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 1 January 2021.
Reference and administrative details
Registered charity name Bilal Masjid Trust (Greenford) Charity registration number 1097074 Principal office 82-86 Horsenden Lane North Greenford Middlesex UB6 7QH The trustees Mr Salah Uddin Opel Mr Mohamed ljaz Khan Mr Mohammad Arshad Mr Abdul Wahab Mr Sharjeel Ahmar
Company secretary Mohamed Ijaz Khan Accountants The Zak Partnership Limited Chartered Certified Accountants 20 Ashfield Road Leicester Leicestershire LE2 1LA
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Bilal Masjid Trust (Greenford)
Trustees’ Annual Report (continued)
Year ended 1 January 2021
Structure, governance and management
The trustees present their report with the financial statements of the charity for the year ended 01 January 2021. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom.
During the current financial year, most of the year has been affected by the Coronavirus pandemic. The lockdown from March 2020 and then the 2nd lockdown in November 2020, meant the Masjid was closed during this time.
Although numbers were down, the madrassah continued online and we endeavoured to make the most of online learning.
The Pandemic also meant that Masjid was closed during the blessed month of Ramadhan. The messages we communicated to our community was to stay safe and take all precautions.
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Bilal Masjid Trust (Greenford)
Trustees’ Annual Report (continued)
Year ended 1 January 2021
Objectives and activities
We continue to focus on the aims and objectives of the charity, all the above activities are in line with the aims of the charity as outlined in the constitution (Point C)
Significant activities
- e Part time Islamic education for children between the ages of 5 and 16 years for children e Congregational prayers e Sadaqah collection and distribution e Marriage counselling provided by our religious scholars e Advice and counselling
Volunteers
Most of the charity's activities involve volunteers in the delivery of its activities. We are, as always, grateful to these volunteers in making the activities of our centre a spiritual and pleasant experience for the public
Achievements and performance
Our main achievement during this challenging year was to be able to help those in need in our community despite the pandemic and the risks to health. The pandemic has affected had a negative effect economically but the Masjid has dig deep to help those as much as possible through food packs and buying basic essentials.
Financial review
Donations from the public and cash raised from fund raising events continue to be the source of the Charity's general fund to meet on-going and future projects and activities. Sound financial management and generous support of volunteers continues to be the cornerstone of the charity. We utilise the Xero accounting software in the organisation to keep our accounting records up to date. Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
The tpustees' annual report was approved on 23 July 2021 and signed on behalf of the board of
ae Mr Sharjeel Ahmar Trustee
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Bilal Masjid Trust (Greenford)
Statement of Financial Activities
Year ended 1 January 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations | 186,025 | 7,746 | 193,771 | 160,637 | |
| Madrassah fees | 4 | 29,473 | - | 29,473 | 31,772 |
| Total income | 215,498 | 7,746 | 223,244 | 192,509 | |
| Expenditure | |||||
| Sadagqa distribution | 5 | ~ | 6,030 | 6,030 | 2,950 |
| Madrassah expenses | 6 | 32,354 | - | 32,354 | 23,972 |
| Expenditure on charitable activities | 7,8 | 86,565 | — | 86,565 | 92,916 |
| Total expenditure | 118,919 | 6,030 | 124,949 | 119,838 | |
| Net income and net movement in | funds | 96,579 | 1,716 | 98,295 | 72,671 |
| Reconciliation offunds | |||||
| Total funds brought forward | 723,507 | 1,471 | 724,978 | 652,307 | |
| Totalfundscarriedforward | 820,086 | 3,187 | 823,273 | 724,978 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Bilal Masjid Trust (Greenford)
Statement of Financial Position
1 January 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 12 | 704,126 | 690,950 | |
| Current assets | ||||
| Debtors | 13 | 12,719 | 54,075 | |
| Other debtors —Qarde Hasana | 80,000 | |||
| Cash at bank and in hand | 125,377 | 42,979 | ||
| 218,096 | 97,054 | |||
| Creditors: amounts falling due within one year | 14 | 98,949 | 63,026 | |
| Net current assets | 119,147 | 34,028 | ||
| Total assets less current liabilities | 823,273 | 724,978 | ||
| Net assets | 823,273 | 724,978 | ||
| Funds ofthe charity | ||||
| Restricted funds | 3,187 | 1,371 | ||
| Unrestricted funds | 820,086 | 723,606 | ||
| Totalcharityfunds | 16 | 823,273 | 724,977 |
These financial statements were approved by the board of trustees and authorised for issue on 23 J 21, and are signed on behalf of the board by:
Mr Sharjeel Anmar Trustee
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements
Year ended 1 January 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 82-86 Horsenden Lane North, Greenford, Middlesex, UB6 7QH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
The notes on pages6 to 12 form part of these financial statements. -6-
Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continuea)
Year ended 1 January 2021
- Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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° income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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° legacy income is recognised when receipt is probable and entitlement is established. e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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e expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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° expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continued)
Year ended 1 January 2021
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings - 25% straight line Office equipment - 25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations and collections | 53,228 | - | 53,228 |
| Friday collections | 38,408 | - | 38,408 |
| Other miscellaneous income | 44,318 | - | 44,318 |
| Sadaqa receipts | - | 7,746 | 7,746 |
| Income- Standing Order | 14,788 | - | 14,788 |
| Income- Advertisement | 640 | - | 640 |
| Nikah income | 320 | - | 320 |
| Madrassah income | |||
| Madrassah fees | 29,473 | 29,473 | |
| Madrassah book sales | 1,260 | ~ | 1,260 |
| Other income | |||
| HMRC JRS grant | 33,063 | 33,063 | |
| 215,498 | 7,746 | 223,244 |
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continueg)
Year ended 1 January 2021
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|4.|Donations|and|legacies|(continued)|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2020|
|3|£|£|
|Donations|
|Donations|and|collections|77,204|-|77,204|
|Friday|collections|61,156|-|61,156|
|Other|miscellaneous|income|3,780|-|3,780|
|Sadaqa|receipts|-|3,454|3,454|
|Income|-|Standing|order|13,843|-|13,843|
|Income|-|Advertisement|1,000|-|1,000|
|Sales|-|Membership|fees|200|-|200|
|Madrassah|Income|
|Madrassah|fees|31,772|~|31,772|
|188,955|3,454|192,409|
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- Costs of raising donations and legacies
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|---|---|---|---|---|---|---|
|Restricted|Total|funds|Restricted|Total|Funds|
|funds|2021|Funds|2020|
|£|£|£|£|
|Sadaqa|distribution|6,030|6,030|2,950|2,950|
|6.|Madrassah|expenses|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2021|Funds|2020|
|£|£|£|£|
|Wages|-|Madrassah|30,561|30,561|23,872|23,872|
|Books|for|Madrassah|1,792|1,792|100|100|
|32,354|32,354|23,972|23,972|
|7.|Expenditure|on|charitable|activities|by fund|type|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2021|Funds|2020|
|£|£|£|£|
|Charitable|activities|86,565|86,565|92,916|92,916|
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continuea)
Year ended 1 January 2021
8. Expenditure on charitable activities by activity type
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|---|---|---|---|---|---|
|Activities|
|undertaken|Total|funds|Total|fund|
|directly|2021|2020|
|£|£|£|
|Charitable|activities|86,565|86,565|92,916|
|9.|Net|income|
|Net|income|is|stated|after|charging/(crediting):|
|2021|2020|
|£|£|
|Depreciation|of tangible|fixed|assets|5,780|870|
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10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
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|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Wages|-|Masjid|35,238|42,045|
|Wages|-|Madrassah|30,561|23,872|
|Casual|wages|1,272|4,528|
|Employer|contributions|to|pension|plans|287|-|
|67,358|70,445|
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The average head count of employees during the year was 12 (2020: 7). The average number of full-time equivalent employees during the year is analysed as follows:
Number of staff
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|---|---|
|2021|2020|
|No.|No.|
|12|7|
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No employee received employee benefits of more than £60,000 during the year (2020: Nil).
11. Trustee remuneration and expenses
None of the trustees received any remuneration during the year.
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continuea)
Year ended 1 January 2021
12. Tangible fixed assets
| Land and buildings |
Fixtures and fittings |
Equipment | Refurbishment costs |
_Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 2 January 2020 | 506,966 | - | 10,560 | 175,100 | 692,626 |
| Additions | - | 2,400 | 13,256 | 3,300 | 18,956 |
| At 1 January 2021 | 685,366 | 2,400 | 23,816 | 178,400 | 711,582 |
| Depreciation | |||||
| At 2 January 2020 | ~ | - | 1,676 | - | 1,676 |
| Charge forthe year | - | 550 | 5,230 | - | 5,780 |
| At 1 January 2021 | - | 550 | 6,906 | 7,456 | |
| Carrying amount | |||||
| At 1 January 2021 | 685,366 | 1,850 | 16,910 | - | 704,126 |
| At1January2020 | 506,966 | - | 8,884 | 175,100 | 690,950 |
13. Debtors
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Trade | debtors | 12,719 | 9,075 | |||
| Other | debtors | — | Qarde | Hasana | 80,000 | 45,000 |
| 92,719 | 54,075 |
14. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | ~ | 55 |
| Trade creditors | (457) | 712 |
| Accruals and deferred income | 1,500 | 1,000 |
| Social security and other taxes | 1,342 | 934 |
| Netwages | 2,490 | 6,324 |
| Pension fund | 72 | - |
| Qarde Hasana | 94,003 | 54,001 |
| 98,949 | 63,026 |
- Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £287 (2020: £Nil).
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Bilal Masjid Trust (Greenford)
Notes to the Financial Statements (continueg)
Year ended 1 January 2021
16. Analysis of charitable funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 2 January 2020 | Income | Expenditure | 1 January 2021 | |
| £ | £ | £ | £ | |
| General funds | 723,507 | 215,497 | (118,918) | 820,086 |
| At | At | |||
| 2 January 2019 | Income | Expenditure 1 | January 2020 | |
| £ | £ | £ | £ | |
| General funds | 651,440 | 189,055 | (116,889) | 723,507 |
| Restricted funds | ||||
| At | At | |||
| 2 January 2020 | Income | Expenditure | 1 January 2021 | |
| £ | £ | £ | £ | |
| Restricted Fund 1 - desc in a/cs | 1,471 | 7,746 | (6,030) | 3,187 |
| At | At | |||
| 2 January 2019 | Income | Expenditure 1 | January 2020 | |
| £ | £ | £ | £ | |
| RestrictedFund1-descina/cs | 867 | 3,454 | (2,950) | 1,471 |
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Bilal Masjid Trust (Greenford) Management Information Year ended 1 January 2021
The following pages do not form part of the financial statements.
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Bilal Masjid Trust (Greenford)
Detailed Statement of Financial Activities
Year ended 1 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations | ||
| Donations and collections | 53,228 | 77,304 |
| Madrassah fees | 29,473 | 31,772 |
| Friday collections | 23,823 | 54,606 |
| Other miscellaneous income | 44,317 | 3,780 |
| Sadaqa receipts | 7,746 | 3,454 |
| Income- Standing Order | 14,788 | 13,843 |
| Income- Advertisement | 640 | 1,000 |
| Masjid Card Terminal | 14,585 | 6,549 |
| Sales- Membership fees | _ | 200 |
| Nikah income | 320 | - |
| Madrassa book sales | 1,260 | - |
| HMRC JRS grant | 33,063 | - |
| 223,243 | 192,508 | |
| Totalincome | 223,243 | 192,508 |
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Bilal Masjid Trust (Greenford)
Detailed Statement of Financial Activities (continued)
Year ended 1 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Sadaqa distribution | 6,030 | 2,950 |
| 6,030 | 2,950 | |
| Costs of othertrading activities | ||
| Wages - Madrassah | 30,561 | 23,872 |
| Books forMadrassah | 1,792 | 100 |
| 32,353 | 23,972 | |
| Expenditure on charitable activities | ||
| Wages and salaries | 36,510 | 46,573 |
| Pension costs | 287 | = |
| Guest expenses | 2,000 | 5,771 |
| Rent | 14,950 | 11,800 |
| Rates and water | 1,417 | 2,026 |
| Light and heat | 2,625 | 3,007 |
| Repairs and maintenance | 321 | 3,943 |
| Insurance | 2,937 | 2,315 |
| Sundryexpenses | 1,245 | 479 |
| Volunteerexpenses | 2,095 | 420 |
| Hall hire | 1,895 | 6,214 |
| Event costs | 405 | 786 |
| Professional fees | 6,750 | 2,759 |
| Telephone | 554 | 425 |
| Fund raising expenses | 130 | 1,000 |
| Accountancy fees | 2,000 | 1,500 |
| Depreciation oftangibles | 5,780 | 870 |
| Software | 508 | = |
| Bad debts | 1,913 | = |
| Postage and stationery | 488 | 442 |
| Bank charges | 539 | 470 |
| Travel and subsistence | 360 | 362 |
| Cleaning | 856 | 1,754 |
| 86,565 | 92,916 | |
| Total expenditure | ||
| 124,948 | 119,838 | |
| Netincome | 98,295 | 72,671 |
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