2021-12-31-accounts - Khoja Shia Ithna-Asheri Muslim Community (Baquir) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

						Page
Trustees' annual report (incorporating			the	director's	report)
independent auditor's	report to	the members
Statement offinancial	activities	(including		income and
expenditure account)
Statement of financial	position					12
Notes to the financial	statements					13

31 Decemb	er	20	21
					Note	2021 f	2020 f
Fixed assets
Tangible fixed assets Investments					14 15	34,398 3,533,239	6,940 3,533,239
						3,567,637	3,540,179
Current assets
Debtors					16	178,887	40,150
Investments					17	1	1
Cash at bank and		in	hand			222,991	209,304
						401,879	249,455
Creditors: amounts			falling	due within one year	18	205,830	224,146
Net current	assets					196,049	25,309
Total assets	less	current		liabilities		3,763,686	3,565,488
Creditors: amounts			falling	due after more than one year	19	2,021,835	1,979,633
Net assets						1,741,851	1,585,855
Funds ofthe charity
Unrestricted	funds					1,741,851	1,585,855
Total charity	funds				21	1,741,851	1,585,855

Fixtures and fittings	Straight	line over 4 years
Equipment	Straight	line over 5 years
Computer	Straight	line over 4 years

Charitable	act	ivities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				6	E	E	f
Secular Education Fees				46,280	46,280	48,921	48,921
Madressa	Fees			28,574	28,574	19,301	19,301
Nursery Fees				114,220	114,220	114,957	114,957
				189,074	189,074	183,179	183,179
Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds 6	2021 E	Funds f	2020 8
Rental Income		from properties		192,998	192,998	177,567	177,567
Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
Miscellaneous Income Covid grant Donations received				Funds E 19 7,500 47,808	2021 E 19 7,500 47,808	Funds f 9 25,000	2020 f 9 25,000
				55,327	55,327	25,009	25,009
Expenditure	on charitable		activities by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
Secular Education Madressa Nursery Support costs				6 29,733 17,213 88,273 146,184	6 29,733 17,213 88,273 146,184	E 12,743 772 89,730 127,227	E 12,743 772 89,730 127,227
				281,403	281,403	230,472	230,472

Expenditure on ch	ari	table acti	vities by ac	tivity type
				Activities
			undertaken		Support Total funds		Total fund
				directly F	costs F	2021 f	2020
Secular Education				29,733	15,688	45,421	31,604
Madressa				17,213	12,117	29,330	9,476
Nursery				88,273	46,357	134,630	137,196
Investment Property					72,022	72,022	52,196
				135,219	148,184	281,403	230,472
Analysis ofsupport		costs
	Analysis of				Analysis of
		sUpport	Analysis of	Analysis of	sUpport
		costs	support	sUpport	costs
		Secular	costs	costs	Investment
Premises General office Finance costs Insurance SZ premises	Education f 5 1,182 4,837		Madressa f 219 499 2,987	Nursery f 640 913 11,961 766	Property f 41,584 1,260 20,175	Total 2021 f 42,448 3,854 39,960 766	Total 2020 f 23,692 6,092 44,626 751
costs Legal and		5,593	5,995	24,005		35,593	37,149
professional Auditor			276	1,104	1,863	3,690	5,375
remuneration Bank charges Depreciation Operating Lease Promotion and		341 39 1,332 1,205	210 97 823 1,011	842 190 5,583 353	1,420 167 5,557	2,813 493 13,295 2,569	2,813 499 3,107 2,020
marketing		705				705	1,105
		15,686	12,117	46,357	72,026	146,186	127,229
Net income
Net income is stated	after charging/(crediting):
						2021	2020
Depreciation oftangible Opsratiag lease rentals		fixed assets				13,295 2,569	f 3,108 2,019

Staff co	sts
The total	staff costs	and	employee	benefits for the reporting		period are analysed as follows:
							2021	2020
							6	f
Wages and salaries							97,327	88,654
Employer	contributions		to pension	plans			644	539
							97,971	89,193
The average head count ofemployees full-time equivalent employees during					during the year was the year is analysed	12(2020:13).The average as follows:		number of
							2021	2020
							No.	No.
Number	ofstaff						12	13

y, expenses (2020 - ANIL). Tangible fixed assets	ceve any remuneratio	n, benefits in	kind or reimbu	rsement o
	Fixtures and
Cost	fittings	Equipment f	Computer	Total 6
At 1 January 2021 Additions	33,497 36,578	46,493	4,175	79,990 40,753
At 31 December 2021	70,075	46,493	4,175	120,743
Depreciation
At 1 January 2021 Charge for the year	31,138 9,963	41,912 2,288	1,044	73,050 13,295
At 31 December 2021	41,101	44,200	1,044	86,345
Carrying amount
At 31December 2021	28,974	2,293	3,131	34,398
At 31 December 2020	2,359	4,581		6,940

Investments
		Investment
		properties
		6
Cost or valuation
At 1 January 2021 and 31 December 2021		3,533,239
Impairment
At 1 January 2021 and 31 December 2021
Carrying amount
At 31 December 2021		3,533,239
At 31 December 2020		3,533,239
All investments shown above are held at valuation.
Investment properties
A new valuation was not undertaken	during the year.

16.	A new valuation was not undertaken during the year. Debtors
		2021	2020
	Trade debtors Amounts owed by group undertakings Prepayments and accrued income	6,065 30,822 142,000	7,731 31,172 1,247
		178,887	40,150
17.	Investments
		2021	2020
	Investments in group undertakings	6 1	1
18.	Creditors: amounts falling due within one year
		2021	2020
	Bank loans and overdrafts Payments received on account Trade creditors Amounts owed to group undertakings Accruals and deferred income Social security and other taxes	6 122,757 4,455 1,361 72,123 3,363 1,771	6 122,757 4,455 4,894 81,693 8,430 1,917
		205,830	224,146

Creditors	: amounts falling due after more than one	year
		2021	2020
			f
Bank loans and overdrafts		1,189,835	1,272,633
Amounts	owed to group undertakings	832,000	707,000
		2,021,835	1,979,633

Analysis of net as	ts between funds
		Unrestricted	Total Funds
		Funds	2021
		6	8
Tangible fixed assets		34,398	34,398
Investments		3,533,239	3,533,239
Current assets		401,879	401,879
Creditors less than 1 Creditors greater than	year 1 year	(205,830) (2,021,835)	(205,830) (2,021,835)
Net assets		1,741,851	1,741,851
		Unrestricted	Total Funds
		Funds	2020
			5
Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year		6,940 3,533,239 249,455 (224,146) (1,979,633)	6,940 3,533,239 249,455 (224,146) (1,979,633)
Net assets		1,585,855	1,585,855