2022-01-01-accounts - Bilal Masjid Trust (Greenford)

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Balance Sheet 1Janua 2022
				1.1.22	1.1.21
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	993,929		993,929	704,126
CURRENT ASSETS
Stocks	11	520		520
Debtors	12	39,171		39,171	92,719
Cash at bank		76,466	5,072	81,538	125,377
		116,157	5,072	121,229	218,096
CREDITORS
Amounts falling due within one year	13	(171,818)		(171,818)	(98,949)
NET CURRENT ASSETS		~55,66))	5,072	~50,589)	119,147
TOTAL ASSETSLESSCURRENT
LIABILITIES		938,268	5,072	943,340	823,273
NET ASSETS		938268	5 072	943 340	823 273
FUNDS	14
Unrestricted funds				938,268	820,086
Restricted funds				5,072	3,187
TOTAL FUNDS				943 340	823,273

	INCOME FROM	INCOME FROM	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES
						1.1.22	1.1.21
				Activity
	Madrassah	fees		Madras sah		30,887	29,473
	Madrassah	book sale		Madrassah		2,263	1,260
	Sadaqa &Zakat received			Sadaqah &Zakat		~10835	~7746
						43,985	38,479
4.	RAISING	FUNDS
	Raising donations		and	legacies
						1.1.22	1.1.21
	Fund raising expenses					250	130
	Event costs					4,473	405
						~4723	535
5.	CHARITABLE ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 6)	Totals
	Madrassah				31,893		31,893
	Sadaqah &Zakat				8,950		8,950
	Mosque &	community				110,995	110,995
					40 843	110,995	161,838
6.	SUPPORT COSTS
						Governance
				Management	Finance	costs	Totals
	Mosque &	community		106,424	1,433	3,138	110,995

STAFF COSTS
					1.1.22	1.1.21
Wages and salaries					44,194	36,510
Other pension costs					449	287
					44 643	36797
The average monthly	number ofemployees			during the year was as follows:
					1.1.22	1.1.21
Mosque staff					3	3
Madarassah staff					9	9
					12	12
No employees received		emoluments	in excess off60,000.
COMPARATIVES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	fund	funds
INCOME AND ENDOWMENTS			FROM
Donations and legacies				184,764		184,764
Charitable activities
Madras sah				30,733		30,733
Sadaqah &Zakat					7,746	7,746
Total				215,497	7,746	223,243
EXPENDITURE ON
Raising funds				535		535
Charitable activities
Madrassah				34,266		34,266
Sadaqah &Zakat					6,030	6,030
Mosque &community				84,117		84,117
Total				118,918	6,030	124,948
NET INCOME				96,579	1,716	98,295
RECONCILIATION		OF FUNDS
Total funds brought	forward			723,507	1,471	724,978
TOTAL FUNDS CARRIED FORWARD				820086	3 187	S23 273

10.	TANGIBLE FIXEDASSETS
			Improvements		Fixtures
		Freehold	to	Office	and
		property	property	equipments	fittings	Totals
	COST
	At 2 January 2021	506,966	178,400	23,816	2,400	711,582
	Additions	300,000	13,800			313,800
	At 1 January 2022	806,966	192,200	23,816	2,400	1,025,382
	DEPRECIATION
	At 2 January 2021			6,906	550	7,456
	Charge for year		19,220	4,227	550	23,997
	At 1 January 2022		19,220	11,133	1,100	31,453
	NET BOOK VALUE
	At 1 January 2022	806,966	172,980	12,683	1,300	993,929
	At 1 January 2021	506,966	178,400	16,910	1,850	704,126
11.	STOCKS
					1.1.22	1.1.21
	Stocks				520
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					1.1.22	1.1.21
	Trade debtors				14,171	12,719
	Other debtors - Qarde Hasana				25,000	80,000
					39,171	92,719
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE			YEAR
					1.1.22	1.1.21
	Trade creditors				12,151	(457)
	Social security and other taxes				(253)	1,342
	Net wages payable				4,579	2,490
	Pension				338	71
	Qarde Hasana				154,003	94,003
	Accruals and deferred income				1,000	1,500
					171,818	98,949

MOVEMENT IN FUNDS
				Net
				movement	At
			At 2.1.21	in funds	1.1.22
Unrestricted funds
General fund			820,086	118,182	938,268
Restricted funds
Sadaqah &Zakat			3,187	1,885	5,072
TOTAL FUNDS			823 273	120067	943 340
Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			265,793	(147,611)	118,182
Restricted funds
Sadaqah &Zakat			10,835	(8,950)	1,885
TOTAL FUNDS			276,628	~166,361)	120,067
Comparatives for movement	in	funds
				Net
				movement	At
			At 2.1.20	in funds	1.1.21
Unrestricted funds
General fund			723,507	96,579	820,086
Restricted funds
Sadaqah &Zakat			1,471	1,716	3,187
TOTAL FUNDS			724,978	98,295	823,273

Detailed Statement ofFinancial Activities for	the Year Ended 1Janua 202	2
	1.1.22	1.1.21
INCOME AND ENDOWMENTS
Donations and legacies
Grants	22,387	33,063
Donations &collections	118,800	53,228
Friday collections	69,962	38,408
Other miscellaneous income	3,617	44,317
Income- Standing Order	15,638	14,788
Income- Advertisement	1,819	640
Nikah income	420	320
	232,643	184,764
Charitable activities
Sadaqa &Zakat received	10,835	7,746
Madrassah fees	30,887	29,473
Madrassah book sale	2263	7 260
	43,985	38,479
Total incoming resources	276,628	223,243
EXPENDITURE
Raising donations and legacies
Fund raising expenses	250	130
Event costs	4473	405
	4,723	535
Charitable activities
Wages, madarassah	29,088	30,561
Books for madarassah	2,165	1,792
Bad debts, madarassah	640	1,913
Sadaqah &Zakat distribution	8,950	6,030
	40,843	40,296
Support costs
Management
Masjid salaries	44,194	36,510
Pensions	449	287
Rent, rates and water	11,254	16,688
Insurance	2,451	2,937
Light and heat	4,861	2,625
Telephone	542	554
Postage and stationery	245	488
Sundries	1,522	1,245
Computer expenses	601	508
Carried forward	66,119	61,842

Detailed St	ateme	nt ofFinancial Activities for	the Year Ended 1Janua 2022
			1.1.22	1.1.21
Management
Brought forward			66,119	61,842
Cleaning			2,325	856
Guest speakers			1,730	2,000
Travelling			455	360
Hall hire			1,592	1,895
Security &safety			2,043	2,095
Professional	fees		8,162	6,750
Depn offixtures &fittings			550	550
Depn ofoffice equipments			4,228	5,230
Depn-improvements		to property	19220
			106,424	81,578
Finance
Bank charges			1,433	539
Governance	costs
Accountancy	&legal fee		3,138	2,000
Total resources	expended		156 561	124948
Net income			120,067	98,295