Musidal Islamic Association U.K (MIA) Trustees’ annual report Year ended 31[st] August 2022
Musidal Islamic Association’s trustees have the pleasure of presenting their annual report for the year ended 31[st] August 2022.
Reference and administration details Principal
address:
1st floor, 102-105 Whitechapel High Street, London E1 7RA
Our objectives
These are the objectives of the charity:
-
To organise social, cultural and religious activities including those related to birth, marriage, death and other spiritual and cultural needs of our users.
-
To help people to settle into the community successfully. Those who came to live and work in London from Europe and Africa or from other cities in the UK. MIA will be there to help them to learn English and support them to learn and understand the British values.
-
To provide religious facilities i.e. Prayer hall (Mosque) for followers of the Islamic faith, and to offer education, cultural and recreational services to the whole community.
-
To promote opportunities for the study of Arabic language and the mother tongues through classes, lectures, training and cultural events.
-
To organise the collection and disbursement of "Fitra" and "Zakah (obligatory poor dues) according to the teachings of Holy Quran, Hadith and Islamic Shariah.
-
To increase opportunities for members of MIA to engage with service providers so as to enable those providers to better meet the needs of our members.
Activities and Achievements :
-
Our two mosques are used for all of the five daily prayers , Eid Prayer, Taraweeh (night Prayers) and Friday Prayers. Our Mosque in Aldgate East is open all day during the week. During Friday prayers we receive worshipers from different work sectors, from city bankers to street cleaners. The mosques are full of worshipers during the Friday prayers, which can be between 400 and 500 worshipers in each branch.
-
The mosques are used as a facility for members of the community for meetings, weddings, funeral services naming ceremonies and cultural celebrations
-
There are many activities during the blessed month of Ramadan. Members of our community prepare food and bring it to the mosque for the whole congregation to break their fast together. The celebration of Eid is done in the mosque with a family day and communal meal.
-
We aim to re-open the evening and weekend madrasah in our centre in Royal Victoria by September 2023.
-
Weekend and evening supplementary Madrasah is for children age 6 – 16
-
Monthly Qur’an Reading, Tafseer and lectures/seminars Adult Evening Classes for both brothers and Sisters.
-
Counselling: Our able Imams continue to carry out counselling to a vast section of the community, irrespective of their nationality race or creed.
-
Hajj services and Seminars.
-
Funeral Arrangements and Bereavement support.
-
HD TVs are in every room in our two centres which continue to live stream the lectures, sermons and presentations .
-
Toilets are refurbished to meet the needs of the elderly, young and disable members of the congregation.
-
MIA facebook page which contain all the khutbahs, lectures and events.
Future Plans:
-
Promote the MIA brand more widely through social media.
-
Explore different ways of extending our services to other communities and regions within the United Kingdom.
-
Try to raise around 150,000 pounds per year to pay off the loan the mosque owe for the Purchase of 190 Victoria Dock Road, London E16 1GT. The total LOAN we owe at present is 529,000 pounds
-
We have secured and purchase a bigger building to accommodate our ever-growing congregation. (This has been achieved august 2020)
-
Set up a youth club that provides extracurricular activities at weekends and during the summer holidays.
-
The MIA sisters plan to organise regular seminars and workshops to help and address heathy living, hygiene and specific issues relating to their needs.
-
Established links, networks and partnerships with local and national government departments to help in addressing issues relating to ethnic minorities.
Challenges:
-
Limited Human Resources.
-
Limited funds.
-
Limited resources.
-
We only have voluntary staffs which slows down our fundraising activities.
Declaration :
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position Date |
||
|---|---|---|
| MR Hamid Jalloh | MR Mamudu Jalloh | |
| Chairman | Trustee & Imam | |
| 28/06/2023 | 28/06/2023 |
Charity number: 1105825
MUSIDAL ISLAMIC ASSOCIATION UK
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2022
MUSIDAL ISLAMIC ASSOCIATION UK Contents Page For the year ended 31 August 2022
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
MUSIDAL ISLAMIC ASSOCIATION UK Report of the Trustees
For the year ended 31 August 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2022. The Trustees have adopted the provisions of 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 UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity MUSIDAL ISLAMIC ASSOCIATION UK Charity registration number 1105825 Principal address 1st floor 102-105 Whitechapel High Street London E1 7RA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Alpha Abdulai Barrie Sheik Hamid Jalloh Mamudu Jalloh Independent examiners Turay and co ltd 21 Morrison House Tulse hill London SW2 3PP
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Alpha Abdulai Barrie
1 of 9
MUSIDAL ISLAMIC ASSOCIATION UK
Independent Examiners Report to the Trustees
For the year ended 31 August 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Turay and co ltd 21 Morrison House
Tulse hill London SW2 3PP
2 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Statement of Financial Activities
For the year ended 31 August 2022
| Notes Income and endowments from: Donations and legacies Charitable activities Other income 2 Total Expenditure on: Raising funds Charitable activities Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ - - - - - - - - 161,816 161,816 |
Restricted funds £ 193,943 3,295 13,447 210,685 (122,406) (3,254) (125,660) 85,025 592,929 677,954 |
2022 £ 193,943 3,295 13,447 210,685 (122,406) (3,254) (125,660) 85,025 754,745 839,770 |
2021 £ 326,938 - - |
|---|---|---|---|---|
| 326,938 | ||||
| (94,806) (1,913) |
||||
| (96,719) | ||||
| 230,219 554,011 |
||||
| 784,230 |
3 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Statement of Financial Position
As at 31 August 2022
| Notes Fixed assets Tangible assets 5 Investments 6 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 7 Net assets The funds of the charity Restricted income funds 8 Unrestricted income funds Total funds |
£ 2022 1,184,658 194,285 1,378,943 52,198 52,198 52,198 1,431,141 (606,757) 824,384 577,543 246,841 824,384 |
£ 2021 1,184,658 194,285 |
|---|---|---|
| 1,378,943 | ||
| 56,658 | ||
| 56,658 | ||
| 56,658 | ||
| 1,435,601 | ||
| (666,757) | ||
| 768,844 | ||
| 376,809 392,035 |
||
| 768,844 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
0
4 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements
For the year ended 31 August 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
MUSIDAL ISLAMIC ASSOCIATION UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles
18% Reducing balance
2. Other income
| Restricted funds Other income 2 |
2022 £ 13,447 13,447 |
2021 £ - |
|---|---|---|
| - |
3. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for restricted funds.
5 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements Continued
For the year ended 31 August 2022
4. Intangible fixed assets
| Cost or valuation At 01 September 2021 At 31 August 2022 Amortisation At 01 September 2021 At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 angible fixed assets Cost or valuation At 01 September 2021 Revaluations At 31 August 2022 Depreciation At 01 September 2021 At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 |
Intangible asset 1 £ (1,488) (1,488) - - (1,488) (1,488) Land and buildings £ 1,169,756 - 1,169,756 - - 1,169,756 1,169,756 |
Intangible asset 3 £ - - (1,488) (1,488) 1,488 1,488 Fixtures and fittings £ 17,506 1,192 18,698 3,796 3,796 14,902 13,710 |
£ Total (1,488) |
|---|---|---|---|
| (1,488) | |||
| (1,488) | |||
| (1,488) | |||
| - | |||
| - | |||
| Total £ 1,187,262 1,192 |
|||
| 1,188,454 | |||
| 3,796 | |||
| 3,796 | |||
| 1,184,658 | |||
| 1,183,466 |
5. Tangible fixed assets
Investments 6. Analysis of movement of social investments
| Market value at 01 September 2021 Market value at 31 August 2022 |
Programme related investments £ 194,285 |
|---|---|
| 194,285 |
6 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements Continued
For the year ended 31 August 2022
7. Creditors: amounts falling due after more than one year
| reditors: amounts falling due after more than one year | ||
|---|---|---|
| Trade creditors Other creditors |
2022 £ 604,977 1,780 606,757 |
2021 £ 664,977 1,780 |
| 666,757 |
8. Movement in funds
Restricted Funds
| General Restricted Funds - Previous year General |
Balance at 01/09/2021 £ 592,929 592,929 Balance at 01/09/2020 £ 392,195 392,195 |
Incoming resources £ 210,685 210,685 Incoming resources £ 326,938 326,938 |
Outgoing resources £ (125,660) (125,660) Outgoing resources £ (96,719) (96,719) |
Balance at 31/08/2022 £ 677,954 |
|---|---|---|---|---|
| 677,954 | ||||
| Balance at 31/08/2021 £ 622,414 |
||||
| 622,414 |
9. Analysis of net assets between funds
| Intangible | Tangible | Investments | Net current | Creditors > | Net Assets | |
|---|---|---|---|---|---|---|
| fixed assets | fixed assets | assets / | one year | |||
| (liabilities) | ||||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General | ||||||
| Donations Cash | (1,488) | 1,175,707 | - | (244,427) | (767,976) | 161,816 |
| Restricted funds | ||||||
| General fund | 1,488 | 8,951 | 194,285 | 296,625 | 161,219 | 662,568 |
| - | 1,184,658 | 194,285 | 52,198 | (606,757) | 824,384 |
7 of 9
MUSIDAL ISLAMIC ASSOCIATION UK
Notes to the Financial Statements Continued
For the year ended 31 August 2022
Previous year
| Intangible | Tangible | Investments | Net current | Creditors > | Net Assets | |
|---|---|---|---|---|---|---|
| fixed assets | fixed assets | assets / | one year | |||
| (liabilities) | ||||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General | ||||||
| Donations Cash | (1,488) | 1,175,707 | - | (244,427) | (767,976) | 161,816 |
| Restricted funds | ||||||
| General fund | 1,488 | 8,951 | 194,285 | 301,085 | 101,219 | 607,028 |
| - | 1,184,658 | 194,285 | 56,658 | (666,757) | 768,844 |
8 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Detailed Statement of Financial Activities
For the year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 189,549 | 319,328 |
| Legacies | 3,024 | 227 |
| Sponsorships | 1,370 | 7,383 |
| 193,943 | 326,938 | |
| Charitable activities | ||
| Income from charitable activities (General | 3,295 | - |
| charitable Activity) | ||
| 3,295 | - | |
| Other income | ||
| Other income 2 | 13,447 | - |
| 13,447 | - | |
| Total incoming resources | 210,685 | 326,938 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Donations | (800) | - |
| (800) | - | |
| SUPPORT COSTS | ||
| Human Resources | ||
| Human Resources | (1,370) | (10,220) |
| Fundraising Human Resources | (24,000) | (12,000) |
| (25,370) | (22,220) | |
| Support cost 5 | ||
| Support cost 5 | (38,730) | (31,199) |
| (38,730) | (31,199) | |
| Governance costs | ||
| Governance costs | (55,731) | (39,375) |
| Governance costs | (1,775) | (2,012) |
| Governance costs (Activity 2) | (3,254) | (1,913) |
| (60,760) | (43,300) | |
| Total resources expended | (125,660) | (96,719) |
| Net Income | 85,025 | 230,219 |
9 of 9 This page does not form part of the statutory financial statements
Charity number: 1105825
MUSIDAL ISLAMIC ASSOCIATION UK
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2022
MUSIDAL ISLAMIC ASSOCIATION UK Contents Page For the year ended 31 August 2022
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
MUSIDAL ISLAMIC ASSOCIATION UK Report of the Trustees
For the year ended 31 August 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2022. The Trustees have adopted the provisions of 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 UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity MUSIDAL ISLAMIC ASSOCIATION UK Charity registration number 1105825 Principal address 1st floor 102-105 Whitechapel High Street London E1 7RA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Alpha Abdulai Barrie Sheik Hamid Jalloh Mamudu Jalloh Independent examiners Turay and co ltd 21 Morrison House Tulse hill London SW2 3PP
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Alpha Abdulai Barrie
1 of 9
MUSIDAL ISLAMIC ASSOCIATION UK
Independent Examiners Report to the Trustees
For the year ended 31 August 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Turay and co ltd 21 Morrison House
Tulse hill London SW2 3PP
2 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Statement of Financial Activities
For the year ended 31 August 2022
| Notes Income and endowments from: Donations and legacies Charitable activities Other income 2 Total Expenditure on: Raising funds Charitable activities Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ - - - - - - - - 161,816 161,816 |
Restricted funds £ 193,943 3,295 13,447 210,685 (122,406) (3,254) (125,660) 85,025 592,929 677,954 |
2022 £ 193,943 3,295 13,447 210,685 (122,406) (3,254) (125,660) 85,025 754,745 839,770 |
2021 £ 326,938 - - |
|---|---|---|---|---|
| 326,938 | ||||
| (94,806) (1,913) |
||||
| (96,719) | ||||
| 230,219 554,011 |
||||
| 784,230 |
3 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Statement of Financial Position
As at 31 August 2022
| Notes Fixed assets Tangible assets 5 Investments 6 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 7 Net assets The funds of the charity Restricted income funds 8 Unrestricted income funds Total funds |
£ 2022 1,184,658 194,285 1,378,943 52,198 52,198 52,198 1,431,141 (606,757) 824,384 577,543 246,841 824,384 |
£ 2021 1,184,658 194,285 |
|---|---|---|
| 1,378,943 | ||
| 56,658 | ||
| 56,658 | ||
| 56,658 | ||
| 1,435,601 | ||
| (666,757) | ||
| 768,844 | ||
| 376,809 392,035 |
||
| 768,844 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
0
4 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements
For the year ended 31 August 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
MUSIDAL ISLAMIC ASSOCIATION UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles
18% Reducing balance
2. Other income
| Restricted funds Other income 2 |
2022 £ 13,447 13,447 |
2021 £ - |
|---|---|---|
| - |
3. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for restricted funds.
5 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements Continued
For the year ended 31 August 2022
4. Intangible fixed assets
| Cost or valuation At 01 September 2021 At 31 August 2022 Amortisation At 01 September 2021 At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 angible fixed assets Cost or valuation At 01 September 2021 Revaluations At 31 August 2022 Depreciation At 01 September 2021 At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 |
Intangible asset 1 £ (1,488) (1,488) - - (1,488) (1,488) Land and buildings £ 1,169,756 - 1,169,756 - - 1,169,756 1,169,756 |
Intangible asset 3 £ - - (1,488) (1,488) 1,488 1,488 Fixtures and fittings £ 17,506 1,192 18,698 3,796 3,796 14,902 13,710 |
£ Total (1,488) |
|---|---|---|---|
| (1,488) | |||
| (1,488) | |||
| (1,488) | |||
| - | |||
| - | |||
| Total £ 1,187,262 1,192 |
|||
| 1,188,454 | |||
| 3,796 | |||
| 3,796 | |||
| 1,184,658 | |||
| 1,183,466 |
5. Tangible fixed assets
Investments 6. Analysis of movement of social investments
| Market value at 01 September 2021 Market value at 31 August 2022 |
Programme related investments £ 194,285 |
|---|---|
| 194,285 |
6 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Notes to the Financial Statements Continued
For the year ended 31 August 2022
7. Creditors: amounts falling due after more than one year
| reditors: amounts falling due after more than one year | ||
|---|---|---|
| Trade creditors Other creditors |
2022 £ 604,977 1,780 606,757 |
2021 £ 664,977 1,780 |
| 666,757 |
8. Movement in funds
Restricted Funds
| General Restricted Funds - Previous year General |
Balance at 01/09/2021 £ 592,929 592,929 Balance at 01/09/2020 £ 392,195 392,195 |
Incoming resources £ 210,685 210,685 Incoming resources £ 326,938 326,938 |
Outgoing resources £ (125,660) (125,660) Outgoing resources £ (96,719) (96,719) |
Balance at 31/08/2022 £ 677,954 |
|---|---|---|---|---|
| 677,954 | ||||
| Balance at 31/08/2021 £ 622,414 |
||||
| 622,414 |
9. Analysis of net assets between funds
| Intangible | Tangible | Investments | Net current | Creditors > | Net Assets | |
|---|---|---|---|---|---|---|
| fixed assets | fixed assets | assets / | one year | |||
| (liabilities) | ||||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General | ||||||
| Donations Cash | (1,488) | 1,175,707 | - | (244,427) | (767,976) | 161,816 |
| Restricted funds | ||||||
| General fund | 1,488 | 8,951 | 194,285 | 296,625 | 161,219 | 662,568 |
| - | 1,184,658 | 194,285 | 52,198 | (606,757) | 824,384 |
7 of 9
MUSIDAL ISLAMIC ASSOCIATION UK
Notes to the Financial Statements Continued
For the year ended 31 August 2022
Previous year
| Intangible | Tangible | Investments | Net current | Creditors > | Net Assets | |
|---|---|---|---|---|---|---|
| fixed assets | fixed assets | assets / | one year | |||
| (liabilities) | ||||||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General | ||||||
| Donations Cash | (1,488) | 1,175,707 | - | (244,427) | (767,976) | 161,816 |
| Restricted funds | ||||||
| General fund | 1,488 | 8,951 | 194,285 | 301,085 | 101,219 | 607,028 |
| - | 1,184,658 | 194,285 | 56,658 | (666,757) | 768,844 |
8 of 9
MUSIDAL ISLAMIC ASSOCIATION UK Detailed Statement of Financial Activities
For the year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 189,549 | 319,328 |
| Legacies | 3,024 | 227 |
| Sponsorships | 1,370 | 7,383 |
| 193,943 | 326,938 | |
| Charitable activities | ||
| Income from charitable activities (General | 3,295 | - |
| charitable Activity) | ||
| 3,295 | - | |
| Other income | ||
| Other income 2 | 13,447 | - |
| 13,447 | - | |
| Total incoming resources | 210,685 | 326,938 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Donations | (800) | - |
| (800) | - | |
| SUPPORT COSTS | ||
| Human Resources | ||
| Human Resources | (1,370) | (10,220) |
| Fundraising Human Resources | (24,000) | (12,000) |
| (25,370) | (22,220) | |
| Support cost 5 | ||
| Support cost 5 | (38,730) | (31,199) |
| (38,730) | (31,199) | |
| Governance costs | ||
| Governance costs | (55,731) | (39,375) |
| Governance costs | (1,775) | (2,012) |
| Governance costs (Activity 2) | (3,254) | (1,913) |
| (60,760) | (43,300) | |
| Total resources expended | (125,660) | (96,719) |
| Net Income | 85,025 | 230,219 |
9 of 9 This page does not form part of the statutory financial statements