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2020-12-31-accounts
|
Page |
| Trustees’ annual report (incorporating the director’s report) |
I |
| Independent auditor’s report to the members |
5 |
| Statement offinancial activities (including income and |
|
| expenditure account) |
ID |
| Statement offinancial position |
II |
| Notes to the financial statements |
12 |
| Year ended 31 December 2020 |
|
|
|
|
|
|
2020 |
|
2019 |
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
| Income and endowments |
|
|
|
|
| Charitable activities |
5 |
183179 |
183179 |
243092 |
| Investment income |
6 |
177,567 |
177,567 |
188,295 |
| Other income |
7 |
25,009 |
25,009 |
18 |
| Total income |
|
385,755 |
385,755 |
431,405 |
| Expenditure |
|
|
|
|
| Expenditure on charitable activities |
8,9 |
230,472 |
230,472 |
336,195 |
| Total expenditure |
|
230,472 |
230,472 |
336,195 |
| Net income and net movement in funds |
|
155,283 |
155,283 |
95,210 |
| Reconciliation offunds |
|
|
|
|
| Total funds brought forward |
|
1,430,572 |
1,430,572 |
1,335,362 |
| Total funds carried forward |
|
1,585,855 |
1,585,855 |
1,430,572 |
LIMITED
Company Limited by Guarantee
Statement of Financial Position
31 December 2020 |
|
|
|
|
|
2020 |
2019 |
|
Note |
£ |
£ |
| Fixed assets |
|
|
|
| Tangible fixed assets |
14 |
6,940 |
7,162 |
| Investments |
15 |
3,533,239 |
3,533,239 |
|
|
3,540,179 |
3,540,401 |
| Current assets |
|
|
|
| Debtors |
16 |
40,150 |
44,969 |
| Investments |
17 |
1 |
1 |
| Cash at bank and in hand |
|
209,304 |
104,801 |
|
|
249,455 |
149,771 |
| Creditors: amounts falling due within one year |
18 |
224,146 |
201,829 |
| Net current assets |
|
25,309 |
(52,058) |
| Total assets less current liabilities |
|
3,565,488 |
3,488,343 |
| Creditors: amounts falling due after more than one year |
19 |
1,979,633 |
2,057,771 |
| Netassets |
|
1,585,855 |
1,430,572 |
| Funds ofthe charity |
|
|
|
| Unrestricted funds |
|
1,585,855 |
1,430,572 |
| Total charity funds |
21 |
1,585,855 |
1,430,572 |
| Charitable activities |
|
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Secular Education Fees |
48,921 |
48,921 |
64,497 |
64,497 |
| Madressa Fees |
19,301 |
19,301 |
34,669 |
34,669 |
| Nursery Fees |
114,957 |
114,957 |
143,926 |
143,926 |
|
183,179 |
183,179 |
243,092 |
243,092 |
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
|
|
|
Funds |
2020 |
Funds |
2019 |
|
|
|
|
£ |
£ |
£ |
£ |
| Rental |
Income |
from |
properties |
177,567 |
177,567 |
188,295 |
188,295 |
| Other income |
|
|
|
|
|
Unrestricted Total Funds |
|
Unrestricted |
Total Funds |
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Miscellaneous Income |
9 |
9 |
18 |
18 |
| Covid grant |
25,000 |
25,000 |
— |
— |
|
25,009 |
25,009 |
18 |
18 |
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Secular Education |
12,743 |
12,743 |
49,386 |
49,386 |
| Madressa |
772 |
772 |
9,843 |
9,843 |
| Nursery |
89,730 |
89,730 |
98,112 |
98,112 |
| Investment Property |
|
|
1 |
1 |
| Supportcosts |
127,227 |
127,227 |
178,853 |
178,853 |
|
230,472 |
230,472 |
336,195 |
336,195 |
|
Activities |
|
|
|
|
undertaken |
Support |
Total funds |
Total fund |
|
directly |
costs |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Secular Education |
12743 |
18,861 |
31,604 |
77,404 |
| Madressa |
772 |
8,704 |
9,476 |
26,901 |
| Nursery |
89,730 |
47,466 |
137,196 |
150,926 |
| Investment Property |
— |
52,196 |
52,196 |
80,964 |
|
103,245 |
127,227 |
230,472 |
336,195 |
|
Analysis of |
|
|
Analysis of |
|
|
|
support |
Analysis of |
Analysis of |
support |
|
|
|
costs |
support |
support |
costs |
|
|
|
Secular |
costs |
costs |
Investment |
|
|
|
Education |
Madressa |
Nursery |
Property |
Total 2020 |
Total 2019 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Premises |
568 |
600 |
625 |
21,899 |
23,692 |
37,690 |
| General office |
1,947 |
80 |
1,749 |
2,316 |
6,092 |
5,934 |
| Finance costs |
6,051 |
2,388 |
14,221 |
21,966 |
44,626 |
54,186 |
| Insurance |
— |
— |
751 |
— |
751 |
740 |
| SZ premises |
|
|
|
|
|
|
| costs |
7,149 |
4,313 |
25,687 |
— |
37,149 |
45,000 |
| Legal and |
|
|
|
|
|
|
| professional |
446 |
177 |
1,052 |
3,700 |
5,375 |
4,320 |
| Auditor |
|
|
|
|
|
|
| remuneration |
383 |
150 |
896 |
1,384 |
2,813 |
2,813 |
| Bank charges |
44 |
125 |
166 |
164 |
499 |
452 |
| Depreciation |
13 |
5 |
2,319 |
770 |
3,107 |
2,995 |
| Operating Lease |
1,154 |
866 |
— |
— |
2,020 |
1,810 |
| Promotion and |
|
|
|
|
|
|
| marketing |
1,105 |
|
|
— |
1,105 |
1,565 |
| Historical |
|
|
|
|
|
|
| unclaimed VAT |
— |
— |
— |
— |
— |
21,348 |
|
18,860 |
8,704 |
47,466 |
52,199 |
127,229 |
178,853 |
| Net income is stated after charging/(crediting): |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Depreciation oftangible fixed assets |
3,108 |
2,995 |
| Operating lease rentals |
2,019 |
1,810 |
| Staff costs |
Staff costs |
|
| The total staff costs and employee benefits forthe reporting period are analysed as |
|
follows: |
|
2020 |
2019 |
|
£ |
£ |
| Wages and salaries |
88654 |
136,096 |
| Employer contributions to pension plans |
539 |
394 |
|
89,193 |
136,490 |
|
|
|
2020 |
2019 |
|
|
|
No. |
No. |
| Number |
of |
staff |
13 |
13 |
| Tangible fixed assets |
|
|
|
|
Fixtures and |
|
|
|
fittings |
Equipment |
Total |
|
£ |
£ |
£ |
| Cost |
|
|
|
| At 1 January 2020 |
30,611 |
46,493 |
77,104 |
| Additions |
2,886 |
— |
2,886 |
| At 31 December2020 |
33,497 |
46,493 |
79,990 |
| Depreciation |
|
|
|
| At 1 January 2020 |
30,319 |
39,623 |
69,942 |
| Charge for the year |
819 |
2,289 |
3,108 |
| At31 December2020 |
31,138 |
41,912 |
73,050 |
| Carrying amount |
|
|
|
| At 31 December 2020 |
2,359 |
4,581 |
6,940 |
| At31 December2019 |
292 |
6,870 |
7,162 |
| Investments |
|
|
Investment |
|
properties |
|
£ |
| Cost orvaluation |
|
| At 1 January 2020 and 31 December 2020 |
3,533,239 |
| Impairment |
|
| At 1 January 2020 and 31 December 2020 |
|
| Carrying amount |
|
| At 31 December 2020 |
3,533,239 |
| At31 December2019 |
3,533,239 |
| 16. |
Debtors |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
Trade debtors |
7,731 |
12,550 |
|
Amounts owed by group undertakings |
31,172 |
31,172 |
|
Prepayments and accrued income |
1,247 |
1,247 |
|
|
40,150 |
44,969 |
| 17. |
Investments |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
Investments in group undertakings |
1 |
|
| 18. |
Creditors: amounts falling due within one year |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
Bank loans and overdrafts |
122,757 |
125,200 |
|
Payments received on account |
4,455 |
1,395 |
|
Trade creditors |
4,894 |
3,420 |
|
Amounts owed to group undertakings |
81,693 |
45,000 |
|
Accruals and deferred income |
8,430 |
24,379 |
|
Social security and other taxes |
1,917 |
2,435 |
|
|
224,146 |
201,829 |
| Creditors: amounts falling due after more than one |
year |
|
|
2020 |
2019 |
|
£ |
£ |
| Bank loans and overdrafts |
1,272,633 |
1350,771 |
| Amounts owed to group undertakings |
707,000 |
707,000 |
|
1,979,633 |
2,057,771 |
|
|
|
At |
|
|
|
At |
|
|
1 |
January20 |
|
|
31 |
Decembe |
|
|
|
20 |
Income |
Expenditure |
|
r 2020 |
|
|
|
£ |
£ |
£ |
|
£ |
| General |
funds |
|
1,430,572 |
385,755 |
(230,472) |
|
1,585,855 |
|
|
|
At |
|
|
|
At |
|
|
1 |
January20 |
|
|
31 |
December |
|
|
|
19 |
Income |
Expenditure |
|
2019 |
|
|
|
£ |
£ |
£ |
|
£ |
| General |
funds |
|
1,335,362 |
431,405 |
(336,195) |
|
1,430,572 |
| Analysis of net assets between funds |
|
|
|
Unrestricted |
Total Funds |
|
Funds |
2020 |
|
£ |
£ |
| Tangible fixed assets |
6,940 |
6,940 |
| Investments |
3,533,239 |
3,533,239 |
| Current assets |
249,455 |
249,455 |
| Creditors less than 1 year |
(224,146) |
(224,146) |
| Creditors greater than 1 year |
(1,979,633) |
(1,979,633) |
| Net assets |
1,585,855 |
1,585855 |
|
Unrestricted |
Total Funds |
|
Funds |
2019 |
|
£ |
£ |
| Tangible fixed assets |
7162 |
7,162 |
| Investments |
3,533,239 |
3,533,239 |
| Current assets |
149,771 |
149,771 |
| Creditors less than 1 year |
(201,829) |
(201,829) |
| Creditors greaterthan 1 year |
(2,057,771) |
(2,057,771) |
| Net assets |
1,430,572 |
1,430,572 |