2021-08-31-accounts - Minhaj-Ul-Quran International

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	6
Statement ofFinancial Activities
Balance Sheet	8	to	9
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	19

					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes		f.
INCOME AND ENDOWMENTS FROM
Donations and legacies			1,750,892		1,750,892	982,759
Other trading activities			387437	66,406	453,943	466,628
Investment income			250,126		250,126	256,819
Total			2/88/55	66,406	2,454,961	1,706+06
EXPENDITURE ON
Charitable activities
Salaries			247,095		247,095	249803
Social security costs			10,256		10/56	7,822
Rates and water			38,769		38,769	37/58
Insurance			12,618		12,618	11/61
Light and heat			51,931		51,931	57,935
Telephone and fax			4,442		4,442	5,880
Printing postage and stationery			4,585		4,585	9,943
Advertising			2,136		2,136	5,511
Bookshop purchases			42,342		42/42	121,676
Travel and subsistence			6,947		6,947	13,215
Community events			14,049		14,049	62,536
Cleaning			554		554	15,729
Repairs and maintenance			56,449		56,449	24,845
ELearning Rent payment			317,720 4,972		317,720 4,972	235,820 8,755
Sundries			9,111		9,111	7,008
Education			63,360		63,360	89,723
Office admin			123,238		123/38	130,818
Funeral service expenses
				11/43	11/43	15,294
Web costs
			20,658		20,658	7,829
Other			150,612		150,612	131,997
Total			1,181,844	11,243	1,193,087	1,250,158
NET INCOME			1/06,711	55,163	1,261,874	456,048
RECONCILIATION	OFFUNDS
Total funds brought forward			4,535,852	394/11	4,930,063	4,474,015
TOTAL FUNDS CARRIED FORWARD			5,742,563	449'74	6,191,937	4,930,063

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fimd	funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	3,453,323	79,755	3433,078	3489,530
Investment property	11	1,277,019		1377,019	943,526
		4,730,342	79,755	4,810,097	4@33,056
CURRENT ASSETS
Stocks	12	96,747		96,747	91,757
Debtors	13	114,144		114,144	19,942
Cash at bank and in hand		1,979,647	369,619	2/49,266	1,696,632
		2,190,538	369,619	2/60, 157	1,808/31
CREDITORS
Amounts falling due within one year	14	(396,485)		(396,485)	(303,799)
NET CURRENT ASSETS		1,794,053	369,619	2,163,672	1,504,532
TOTAL ASSETSLESSCURRENT LIABILITIES		6,524395	449/74	6,973,769	5,737,588
CREDITORS
Amounts falling due after more than one year	15	(781,$32)		(7$1,832)	(807,525)
NET ASSETS		5,742,563	449'74	6,191,937	4,930,063
FUNDS	18
Unrestricted funds				5,742,563	4,535,852
Restricted funds				449/74	394311
TOTAL FUNDS				6,191,937	4,930,063

					CASH FLOW STATEMENT
					FORTHE YEARENDED 31AUGUST	2021
						2021	2020
					Notes
Cash flows from	operating		activities
Cash generated &om operations						1/38/15	724,022
Interest paid						(17,196)	(25,103)
Net cash provided	by operating activities					1/21,019	698,919
Cash flows from	investing		activities
Purchase oftangible fixed		assets				(335361)	(159,555)
Purchase ofinvestment property						(333,493)	(66,507)
Interest received						469	582
Net cash used in	investing	activities				(668/85)	(225,480)
Cash flows from	financing		activities
Loan repayments	in year						(163,693)
Net cash provided	by/(used		in) financing	activities			(163,693)
Change in cash and cash		equivalents		in the
reporting period						652,634	309,746
Cash and cash equivalents			at the beginning		of
the reporting period						1,696,632	1/86,886
Cash and cash equivalents			at the end	ofthe
reporting period						2,349,266	1,696,632

RECONCILIATION	RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING	ACTIVITIES
						2021	2020
Net income	for the	reporting period (asper the Statement ofFinancial
Activities)						I/61,874	456,048
Adjustments	for:
Depreciation	charges					91,813	82,186
Interest received						(469)	(582)
Interest paid						17,196	25,103
(increase)/decry		in	stocks			(4,990)	69,547
Increase in debtors						(94302)	(4,931)
Increase in creditors						66,993	96,651
Net cash provided		by	operations			1,338415	724,022
ANALYSIS	OFCHANGES IN NET FUNDS
					At 1.920	Cash flow	Ai31.8.21
Net cash
Cash at bank	and in	hand			1,696,632	652,634	2349,266
					1,696,632	652,634
Debt
Debts falling	due within			1 year	(15,902)	(9,328)	(25/30)
Debts falling	due afler		I	year	(807,525)	25,693	(781,832)
					(823,427)	16,365	(807,062)
Total					873,205	668,999	1,542,204

DONATIO	NS AND LEGACIES
		2021	2020
			f.
Donations		1,598,401	821,536
Gift aid		152,491	65,408
Grants			95,815
		1,750,892	982,759
OTHER TRADING ACTIVITIES
		2021	2020
		f.
Bookshop	income	85,666	68/75
Funeral services		66,406	32,822
Other income		5,560	956
E-Learning	and education	296,311	364,475
		453,943	466,628
INVESTMENT INCOME
		2021	2020
Rents received		249,657	256237
Gift aid interest		469	582
		250,126	256,819

CHARITABLE ACTIV	ITIES COSTS
				Direct
				Costs
Salaries				247,095
Social security costs				10/56
Rates and water				38,769
Insurance				12,618
Light and heat				51,931
Telephone and fax				4,442
Printing postage and stationery Advertising Bookshop purchases Travel and subsistence				4,585 2,136 42/42 6,947
Community events Cleaning Repairs and maintenance ELearning Rent payment Sundries				14,049 554 56,449 317,720 4,972 9,111
Education				63,360
Office admin				123,238
Funeral service expenses
				11+43
Web costs
				20,658
				1,042,475
SUPPORT COSTS
			Governance
		Management	costs	Totals
Other resources expended		91,813	41,603	133,416
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
			2021	2020
Auditors' remuneration			4,100	3,900
Auditors' remuneration	for non audit work		2,000	1,900
Depreciation - owned assets			91,813	82,185

						2021	2020
Wages and salaries						391354	375,660
Social security costs						7/85	5/48
Pension						2857	2,574
						401,596	383,482
The average monthly	number ofemployees		for the year was as follows:			2021	2020
Administration						9	7
Teaching and fimdraising						39	29
Total						48	36
f144/59 is related directly to education classes which is				reflected within the relevant category ofeducation.
No employees received emoluments		in excess of860,000during the year.
TANGIBLE FIXEDASSETS
					Fixtures
			Freehold	Plant and	and	Computer
			property	machinery	fittings	equipment	Totals
COST
At 1 September 2020		3,876,111			154,711	150,401	4,181/23
Additions			295,564	27,500	6,848	5,449	335,361
At 31August 2021		4,171,675		27/00	161,559	155,850	4,516,584
DEPRECIATION
At 1 September 2020			667,347		127,355	96,991	891,693
Charge foryear			73,728	4,125	5,131	8,829	91,813
At 31August 2021			741,075	4,125	132,486	105,820	983,506
NET BOOKVALUE
At 31August 2021		3,430,600		23375	29,073	50,030	3,533,078
At 31August 2020		3,208,764			27356	53,410	3289,530

INVESTMENT PROPERTY
FAIRVALUE
At 1 September 2020					943,526
Additions					333,493
At 31August 2021					1,277,019
NKT BOOKVALUE
At 31August 2021					1/77,019
At 31August 2020					943,526
Properties have been reclassified from land and buildings	to investment	properties	during the year.
STOCKS
				2021	2020
				f.
Finished goods				96,747	91,757
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
Other debtors				5/00	5+00
Prepayments and accrued income				101,304	11,137
Prepayments				7,640	3,605
				114,144	19,942
CREDITORS: AMOUNTS FALLING DUE WITHIN	ONK YEAR
				2021	2020
Bank loans and overdrafts (see note 16)				25/30	15,902
Social security and other taxes				1,763	1,027
Other creditors				332,776	249/39
Wages				28/42	25,200
Pensions				931	531
Accrued expenses				7,243	11,600
				396,485	303,799

FO	FO	RTHE YEARENDED 31AUGUST 2021
CREDITORS: AMOUNTS FALLING		DUE AFIERMORE THAN ONE YEAR
			2021	2020
Bank loans	(see note 16)		781,832	807,525
LOANS
An analysis	ofthe maturity ofloans is given below:
			2021	2020
Amounts falling due within one year on demand:
Bank loans			25330	15,902
Amounts falling due in more than five years:
Repayable	by instalments:
Bank loans	more 5yr by instal		781,832	807,525
SECURED DEBTS
The following secured debts are included		within creditors:
			2021	2020
Bank loans			807,062	823,427

MOVEMENT IN FUNDS
		Net
		movement	At
	At 1.920	in funds	31.821
Unrestricted funds
General fund	4,535,852	1+06,711	5,742,563
Restricted funds
Restricted fund	394/11	55,163	449/74
TOTAL FUNDS	4,930,063	1361,874	6,191,937

Net movement in funds, inclu	ded in the above	are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
					E
Unrestricted funds
General fund			2$88$55	(1,181,844)	1/06,711
Restricted funds
Restricted fund			66,406	(11,243)	55,163
TOTAL FUNDS			2,454,961	(1,193,087)	1,261,874
Comparatives for movement	in funds
				Net
				movement	At
			At 1.9.19	in funds	31.8.20
Unrestricted funds General fund			4,097332	438,520	4,535,852
Restricted funds Restricted fund			376,683	17,528	394,211
TOTAL FUNDS			4,474,015	456,048	4,930,063
Comparative net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			f.
Unrestricted funds General fund			1,673,384	(1434,864)	438,520
Restricted funds Restricted fund			32,822	(15/94)	17,528
TOTAL FUNDS			1,706@06	(1~0,158)	456,048

					Net
					movement	At
				At 1.9.19	in funds	31.8.21
Unrestricted funds
General fund				4,097,332	1,645/31	5,742463
Restricted funds
Restricted fund				376,683	72,691	449,374
TOTAL FUNDS				4,474,015	1,717,922	6,191,937
A current year 12months	and prior year 12months	combined	net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				fesollfces	expended	in funds
Unrestricted funds
General fund				4,061,939	(2,416,708)	1,645/31
Restricted funds
Restricted fund				99328	(26,537)	72,691
TOTAL FUNDS				4,161,167	(2,443/45 )	1,717@22