Charity registration number 1122476
Company registration number 05322133 (England and Wales)
AHLULBAYT CULTURAL CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
AHLULBAYT CULTURAL CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees S. Ali Z. Ali Z. Al-Mausawe H. Abdul-Ameer (Appointed 15 March 2021) Secretary S. Ali Charity number 1122476 Company number 05322133 Registered office 35 Hanover Square Leeds West Yorkshire LS3 1BQ Independent examiner Forrest Burlinson 20 Owl Lane Dewsbury West Yorkshire WF12 7RQ Bankers National Westminster Bank Plc Leeds University Branch 1 Victoria Place Leeds West Yorkshire LS11 1AN
AHLULBAYT CULTURAL CENTRE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 13 |
AHLULBAYT CULTURAL CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)".
Objectives and activities
The charity's objects are restricted to such purposes which are exclusively charitable in the laws of England and Wales and the Charity Trustees shall in their absolute discretion determine, including:
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the advancement of the teachings of the Ahlulbayt twelve Imams;
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the advancement of education and culture particularly in the doctrines and practices of the Ahlulbayt twelve Imams;
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the promotion of community participation in healthy recreation by the provision of facilities for playing sport; - the provision, or assistance in, the provision of facilities in the interests of social welfare for recreation or other leisure time occupation with the object of improving the conditions of life in particular for the inhabitants of the North of England;
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the relief of poverty; and
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such other charitable purposes for the benefit of the community as the trustees shall think fit. There has been no change in these objects during the year.
Strategy and activities
It is our strategy to bring this multi-generational and multi-lingual Shi'a Ithna Ashari community together through worship and its common cultural and religious practices, and through providing a space for healthy recreation and alms giving.
Trustees' statement on public benefit
The trustees have paid due regard to the guidance on public benefit issued by the Charity Commission in exercising their powers or duties and deciding what activities the charity should undertake. The objects and other information set out in this report demonstrate this in more detail.
Specifically it is our consistent aim to provide our local Shi'a Ithna Ashari community (those prescribing to the teachings of the Ahlulbayt, namely the Prophet Muhammad, his household and the twelve Imams, peace be upon them) and indeed anyone from the wider community wishing to learn about Islam and the teachings of the Ahlulbayt, with a welcoming centre for worship and learning.
Our cultural centre in Leeds
We have use of a centre in central Leeds, which provides facilities for learning and prayer open to both men and women.
We are open to the community on a regular basis, for duaa (supplication) on a Thursday evening and for Friday midday prayers every week, which are attended by a large number, including students from both of the nearby universities in Leeds.
We run events throughout the Islamic calendar year to allow our local community to come together to commemorate the lives of the Ahlulbayt and to participate in spiritual worship and ritual during the holy months of Ramadan and Muharram, and to celebrate religious festivals, such as Eid. Many of our functions are speaker events, inviting community elders, local Imams, or learned Imams from other cities to give lectures on religious topics and to teach about the doctrine of the Ahlulbayt.
We also encourage our younger members to volunteer to speak as an opportunity for their own personal development, research and sharing of knowledge with their peers. In order to cater for the multi-lingual fabric of our community and to ensure that all feel welcome, including those whose first language is often not the same as that of their parents, we try to provide many of our main events in Arabic, Farsi, and English. It is important to us to engage with the wider community and thus welcome all to our centre.
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AHLULBAYT CULTURAL CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Relief of poverty in Iraq and Pakistan
In accordance with the teachings of Islam which stress the importance of giving charity and protecting orphans, and in order to meet our objective of relieving poverty, we encourage our members and those who attend our centre to give alms, most notably for the assistance of orphans in Iraq and Pakistan. Our regular donors give monthly orphan sponsorship, which is distributed by a charitable organisation in Iraq with whom our Orphan Donations Committee has close links.
Achievements and performance
During the year the building was reopened and regular weekly programs were reinstated. Several successful events have been run, including a Family Fun Day fundraising event, a Manchester vs Leeds football match and Muharram lectures in English, Arabic and Farsi.
We have continued to raise charity donations and a total of £15,000 was sent to charitable organisations for orphans in Iraq, details are in the accompanying accounts.
Financial review
The charity's only source of income over the year and previous year has been donations of £38,222 (2020: £97,017). Total spending for the year was £23,317 (2020: £85,623), of which £15,596 was for restricted purposes (2020: £75,085).
Unrestricted funds increased to £56,415. Restricted funds carried forward to 2022 were £17,021 for the Orphans Fund. Spending on renovation and repairs to the centre was £3,195 (2020: £55,895).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be kept at a level sufficient to maintain the level of activities and facilities. The trustees consider that current levels of reserves will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of sufficient reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association dated 29 December 2004. Each trustee is a member of the charitable company and undertakes to contribute towards the costs of dissolution and the liabilities incurred by the charitable company whilst a member, this contribution is limited to £10 per member. The charitable company was registered with the Charity Commission for England and Wales on 28 January 2008.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
S. Ali
Z. Ali Z. Al-Mausawe F. Sefat (Resigned 14 April 2022) S. Mozaffari-Chinjani (Resigned 7 May 2022) H. Abdul-Ameer (Appointed 15 March 2021)
Trustees are voted in by members at community held elections. New trustees have to have the skills required to offer and assist the charity's development and are given relevant Charity Commission publications.
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AHLULBAYT CULTURAL CENTRE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
The charity is run by its board of trustees, who may from time to time form sub-committees to oversee and deliver certain activities. Other volunteers may be co-opted on to these committees to assist and advise on the particular activity.
There are volunteers for different activities, programs and organisation with catering and cleaning the centre. Number of volunteers over the year was 30 (2020:15).
Trustees' responsibilities in relation to the financial statements
The trustees (who are also directors of Ahlulbayt Cultural Centre for purposes of company law) are responsible for preparing the Trustees' Annual Report (incorporating the Directors' Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period.
In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Articles of Association.
They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approval
These accounts are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
S. Ali
Trustee/Director Dated: 28 September 2022
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AHLULBAYT CULTURAL CENTRE
TRUSTEES' DECLARATION ON UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
In relation to the financial statements which comprise the statement of financial activities, the balance sheet and the related notes:
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The trustees approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgments underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation.
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The trustees confirm that they have made available to Forrest Burlinson, all the charity's accounting records and provided all the information necessary for the compilation of the financial statements.
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The trustees confirm that to the best of their knowledge and belief, the accounting records reflect all transactions of the charity for the year ended 31 December 2021.
On behalf of the board
S. Ali Director
28 September 2022
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AHLULBAYT CULTURAL CENTRE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AHLULBAYT CULTURAL CENTRE
I report to the trustees on my examination of the financial statements of Ahlulbayt Cultural Centre (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's 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:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Use of our report
This report is made solely to the charity trustees, as a body. My work has been undertaken so that I might state to the charity trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity trustees as a body, for my work, for this report, for the statements I have made, or for the opinions I have stated.
Forrest Burlinson
20 Owl Lane Dewsbury West Yorkshire WF12 7RQ
Dated: 28 September 2022
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AHLULBAYT CULTURAL CENTRE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and legacies | 4 | 10,277 | 27,945 | 38,222 | 22,189 | 74,828 | 97,017 |
| Expenditure on: | |||||||
| Charitable activities | 5 | (7,721) | (15,596) | (23,317) | (10,538) | (75,085) | (85,623) |
| Net income for the year/ | |||||||
| Net movement in funds | 2,556 | 12,349 | 14,905 | 11,651 | (257) | 11,394 | |
| Fund balances at 1 January | |||||||
| 2021 | 53,859 | 4,672 | 58,531 | 42,208 | 4,929 | 47,137 | |
| Fund balances at 31 | |||||||
| December 2021 | 56,415 | 17,021 | 73,436 | 53,859 | 4,672 | 58,531 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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AHLULBAYT CULTURAL CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Income funds Restricted funds 12 Unrestricted funds |
2021 £ 5,119 43,534 48,653 (1,560) |
£ 26,343 47,093 73,436 17,021 56,415 73,436 |
2020 £ 5,119 28,227 33,346 (1,560) |
£ 26,745 31,786 |
|---|---|---|---|---|
| 58,531 | ||||
| 4,672 53,859 |
||||
| 58,531 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have elected not to include a copy of the profit and loss (income and expenditure) account.
The financial statements were approved by the Trustees on 28 September 2022
S. Ali Trustee
Company Registration No. 05322133
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
Ahlulbayt Cultural Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 35 Hanover Square, Leeds, West Yorkshire, LS3 1BQ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Assocation, the Companies Act 2006, the Charities Act 2011 and "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)" and relevant accounting regulations. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
The charity has no permanent endowment funds.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
In accordance with the Charities SORP (FRS102) the economic contribution of volunteers' time is not measured in the accounts.
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings (headings are excluded where no such expense has been incurred in the current or the comparative year):
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costs of raising funds, which comprise the costs associated with attracting voluntary income, the costs of commercial trading (if any) and their associated costs;
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expenditure on charitable activities includes the costs of operating the centre; providing religious and educational functions and events; supporting the community; raising charitable donations for relief of poverty and orphans in Iraq and Pakistan, and passing these to appropriate charitable organisations.
The charity does not make grants to individuals.
Expenditure includes the incurring of vat charges which under current UK legislation the charity is not in a position to recover.
Governance costs comprise the costs involving the public accountability of the charity and its compliance with regulation and good practice, these together with other support costs are included under costs of the charity's one main charitable activity, being the operation of the Ahlulbayt Centre in Leeds. The trustees do not think it appropriate to allocate any governance costs to the donations in support of orphans.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements no depreciation whilst renovations are ongoing Fixtures and fittings 15% straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.9 Financial instruments
The charity only has financial instruments classified as 'Basic Financial Instruments' applying the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Taxation
No tax has been provided in these accounts because the trustees believe that the income and gains are within the exemptions granted for charities by Chapters 2 and 3 of the Corporation Taxes Act 2010.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees may be required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Such estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.
Any estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to such accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period.
3 Fees to the independent examiner
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent examiner's fees | 1,560 | 1,560 | ||||
| Donations and legacies | ||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 10,277 | 27,945 | 38,222 | 22,189 | 74,828 | 97,017 |
4 Donations and legacies
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 Charitable activities
| General General Renovation 2021 2020 2020 £ £ £ Depreciation 402 402 - Community welfare costs 750 - - Fundraiser costs 596 85 - Renovation costs - - 50,000 Repairs 3,195 5,895 - Heat & light 1,489 (478) - Charitable expenditure heading 9 158 - - 6,590 5,904 50,000 Grant funding of activities (see note 6) 15,000 28,000 - Bank charges 167 159 - Accountancy 1,560 1,560 - 23,317 35,623 50,000 Analysis by fund Unrestricted funds 7,721 10,538 - Restricted funds 15,596 25,085 50,000 23,317 35,623 50,000 |
Total 2020 £ 402 - 85 50,000 5,895 (478) - |
|---|---|
| 55,904 28,000 159 1,560 |
|
| 85,623 | |
| 10,538 75,085 |
|
| 85,623 |
6 Grants payable
| General | General | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Grants to charitable organisations: | ||
| Wal Fajer (Iraq NGOD no. 1Z71068) | 15,000 | 25,000 |
| Al-Muntazir Trust UK (CCEW reg no. 292496) | - | 3,000 |
| 15,000 | 28,000 |
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but one of them was reimbursed a total of £158 expenses (2020- none were reimbursed).
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
8 Employees
The average monthly number of employees (including non-remunerated directors) during the year was:
| 2021 | 2020 | |||
|---|---|---|---|---|
| Number | Number | |||
| 7 | 6 | |||
| 9 | Tangible fixed assets | |||
| Leasehold | Fixtures and | Total | ||
| improvements | fittings | |||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2021 | 24,465 | 21,835 | 46,300 | |
| At 31 December 2021 | 24,465 | 21,835 | 46,300 | |
| Depreciation and impairment | ||||
| At 1 January 2021 | - | 19,555 | 19,555 | |
| Depreciation charged in the year | - | 402 | 402 | |
| At 31 December 2021 | - | 19,957 | 19,957 | |
| Carrying amount | ||||
| At 31 December 2021 | 24,465 | 1,878 | 26,343 | |
| At 31 December 2020 | 24,465 | 2,280 | 26,745 | |
| 10 | Debtors | |||
| 2021 | 2020 | |||
| Amounts falling due within one year: | £ | £ | ||
| Other debtors - Gift Aid claims outstanding | 5,119 | 5,119 | ||
| 11 | Creditors: amounts falling due within one year | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Accruals | 1,560 | 1,560 |
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AHLULBAYT CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
12 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | Movement | in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| 1 | January | resources | expended | 1 January | resources |
expended | 31 | |
| 2020 | 2021 | December | ||||||
| £ | £ | £ | £ | £ | £ | 2021 £ |
||
| Special | ||||||||
| renovation | ||||||||
| fund | - | 50,000 | (50,000) | - | - | - | - | |
| Orphans fund | 4,929 | 24,828 | (25,085) | 4,672 | 27,945 | 15,596 | 17,021 | |
| 4,929 | 74,828 | (75,085) | 4,672 | 27,945 | 15,596 | 17,021 | ||
| 13 | Analysis of net assets between funds | |||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
| £ | £ | £ | £ | £ | £ | |||
| Fund balances at 31 | ||||||||
| December 2021 are | ||||||||
| represented by: | ||||||||
| Tangible assets | 26,343 | - | 26,343 | 26,745 | - | 26,745 | ||
| Current assets/(liabilities) | 30,072 | 17,021 | 47,093 | 27,114 | 4,672 | 31,786 | ||
| 56,415 | 17,021 | 73,436 | 53,859 | 4,672 | 58,531 |
14 Related party transactions
The charity operates from 35 Hanover Square, Leeds which is a property owned and controlled by the family of S.Ali, the use of this property has been on a rent-free, no obligation basis.
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