| CONTENTS | |
|---|---|
| Contents | 2 |
| Corporate Details | 3 |
| Trustees'AnnualReport | 4 |
| Objects and Public Benefit | 4 |
| Activities | 4 |
| StrategicReport | 5 |
| Achievements and Performance | 5 |
| Plansforthefuture | 10 |
| flnancialReview | 11 |
| Structure,GovernanceandManagement | 12 |
| Statement ofTrustees' Responsibilities | 13 |
| IndependentAuditor'sReport | 14 |
| StatementofFinancial Activity | 17 |
| StatementofFinancial Position | 18 |
| StatementofCash Flows | 19 |
| NotestotheFinancialStatement | 20-29 |
| Notes IncomingResources DonationsandLegacies 3 ActivitiesforGeneratingFunds 4 InvestmentIncome 5 IncomefromCharitableActivities 6 OthersIncomingResources 7 TotalIncomingResources Resources Expended CostsofGeneratingDonationIncome 8 FundraisingCosts 9 InvestmentManagementCos1s 10 CharitableActivitiesCos1S 11 Supportcosts 12a Governancecosts, 12b Total Resources Expended Net Income/Deficit BeforeFundMovements GrossTransferBetweenFunds 24 Net Movement beforeotherrecognisedgainsand losses Gains_I_(losses)onrevaluationofFixedassets 14 Net Movement inFunds Reconciliationoffunds: TotalFundsBroughtForward TotalFundsasat31March2021 Alltheactivitiesof1hecorrpanyarefromcontinuingoperations. |
Un restricted Restricted £ £ 1,128, 194 47,589 79,220 776,544 116,873 1,576, 120 652,249 2,753,080 1,623,709 49,215 142,580 236,467 500 879,996 1,312,98i 662,850 81,662 |
Total 2021 £ 1,175,783 79,220 776,544 1,692,993 652,249 4,376,789 49,215 142,580 236,967 2,192,977 662,850 81,662 3,366,251 |
Total 2020 £ 1,223,068 455,813 1,005,072 1,2121550 i30,504 |
|
|---|---|---|---|---|
| 4,027,008 | ||||
| 50,178 168,384 258,509 2,106,324 659,572 82,018 |
||||
| 2,052,770 1,313,481 |
3,324,986 702,022 702,022 702,022 34,838,907 35,540,929 |
|||
| 700,310 310,227 211,038 (211,038) |
i,010,538 1,0101538 11010,538 35,540,929 36,551,467 |
|||
| 911,348 99,190 |
||||
| 911,348 99,190 31,501,272 4,039,657 |
||||
| 32,412,620 4,138,847 |
||||
| Note Fixed Assets: FreeholdLandandBuildings 14 LeaseholdLandandBuildings 14 InvestmentProperties 14 Fixrure,fittingsandequipment 14 InvestmentinSubsidiaries 1.18 Current Assets: Stock Debtors&prepayments 15 Cashatbank&inhand Current Liabilities: Amountfallingduewithinoneyear 16 Net Current Assets_I_(Liabilities) Total Assets lessCurrentLiabilities Creditors: Amountfallingdueafteroneyear 17 Total Net Assets FundsoftheCharity RestrictedFunds 23 UnrestrictedFunds 24 GeneralFunds DesignatedFunds Total Funds as at31March2021 |
£ 3,449 836,767 2,080,097 2,920,313 2,945,299 |
Total 2021 £ £ 13,281,232 10,456,034 16,049,751 472,239 1 40,259,257 3,662 717,640 1,417,011 2,138,313 3,021,588 {24,986} 40,234,271 3,682,804 36,551,467 4,138,847 626,566 32,412,620 30,874,706 36,551,467 |
Total 2020 £ 13,281,232 10,456,034 16,049,751 448,224 1 |
|
|---|---|---|---|---|
| 40,235,242 (883,275) |
||||
| 1,311,i64 31, 101,456 |
||||
| 39,351,967 3,811,038 |
||||
| 35,540,929 4,039,657 31,501,272 |
||||
| 35,540,929 |
| Cash OutflowfromOperating Activities OperatingSurplus Depreciation OtherInvestmentIncome (Gain)/Lossonfixedassetdisposal (lncrease)/DecreaseinDebtors (lncrease)/DecreaseinStock lncrease/(Decrease)inCreditors CashfromOperations Net Cash Generated from Operations Cash OutflowfromInvestment Activities PurchaseofTangibleFixedAssets lnveslmantinSubsidiary Fixedassetsdisposal Interest_I_Profitoninvestrrent Net Cashinflow/outflowfrominvestment Activities Cash OutflowfromFinancing Activities Increase/(Decrease)ofLongTermLoan Increase/(Decrease)ofOardHasanah(PrivateLoan) Net lncrease/(decrease) in Cash and Cash Equivalent OpeningCashandCashEquivalents ClosingCashandCashEquivalents Reconciliation: Cashatbankandinhand Notes |
£ 1,010,538 83,354 (2,341) (119,127) 213 (i,687) 970,951 (107,471) (134,035) (68,700) 2021 £ 970,951 (105,130) (202,735) 663,086 1,417.011 2,080,097 2,080,097 |
£ 702,022 74,675 (2,466) (17,215) (2) (88,357) 668,658 (528,611) 2,466 (i17,849) (344,084) 2020 £ 668,658 (526,144) (461,933) (319,420) 1,736,431 1,417,011 1,417,011 1,417,011 |
£ 702,022 74,675 (2,466) (17,215) (2) (88,357) 668,658 (528,611) 2,466 (i17,849) (344,084) 2020 £ 668,658 (526,144) (461,933) (319,420) 1,736,431 1,417,011 1,417,011 1,417,011 |
|
|---|---|---|---|---|
| 3 Voluntary Income Note GeneralDonations BarakaKhanVisitorCentre ArchivingProject GiftAid 4 ActivitiesforGenerating Funds Ha!!andRoomHire FundraisingActivities Bookstallandsimilarsales Charitypackagesponsorships 5 Investment Income RentandServicesCharges ProfitonBankDepositsandinvestments 6 Income from Charitable Activities a)EducationalProjects AlMizanSchool LondonEastAcademy ELMEveningMadrasah b}ContributionstoELMTforserviceuse AlMizanSchool LondonEastAcademy c)Othercharitablefunds FitrFund ZakatFund WelfareFund CounsellingProjects WinterFoodCarrpaign(lslamcRelie~ BurialSupport Covid19Comm.mflySupporltEECF lflarandltikaf NHSCommunflyInvestmentScheme Total ThecontributionsbytheschoolsforuseofELMTfacilities 7 Other Incoming Resources HMRCJobRetentionScheme UserGroups'Contributions WeddingandAttestations Sundry Total Income |
Unrestricted Restricted 2021 £ £ £ 1,052,277 1,052,277 47,589 47.589 75,9i 7 75,917 1,128,194 47,589 1,175.783 Unrestricted Restricted 2021 £ £ £ 4,054 a ni;a ltVUT 68,322 68,322 6,845 6.845 79,220 79,220 Unrestricted Restricted 2021 £ £ £ 774,202 774,202 2,341 2,341 776,544 776,544 Unrestricted Restricted 2021 £ £ £ 452, 195 452,195 749,077 749,077 58,798 58,798 1,260,070 1,260,070 39,876 39,876 50,528 50,528 9QA04 90.404 66,982 66,982 60,254 60,254 1,333 1,333 39,600 39,600 13,750 13,750 79,535 79,535 34,596 34,596 26,469 26,469 20,000 20,000 26,469 316,049 342,518 116,873 1,576,120 1,692,993 arereflectedintheschools'coslsinNote11. Unrestricted Restricted 2021 £ £ £ 629,435 629,435 16,270 16,270 M44 Bi544 652,249 652,249 2,753,060 1,623,709 4,376,789 |
2020 £ 1,195,113 1,166 26,790 i,223,069 2020 £ 178,003 46,360 47,171 184,280 455,813 2020 £ 1,002,606 2,466 1,005,072 2020 £ 318,906 667,267 74,264 1,060,437 39,876 50,528 90,404 54,900 25,341 21,872 50,000 72,033 224,146 1,284,583 2020 £ 14,336 32,210 11,925 581471 4,027,007 |
|---|---|---|
| 8 9 10 11 |
VoluntaryCost Note PrintingandPublicity VolunteerExpenses Insurance 13 Subscriptions Fundraising Cost SalariesandEmployer'sNlC FundraisingEventsandCampaigns BookstallandSimilarSupplies Investment Management Costs SalariesandEmployer'sNIC 13 PremisesExpenses 13 Insurance 13 ManagemantFees FinanceCharges WaqfLtd. Charitable Activities EducationalProjects AlMizanSchool LondonEastAcademy ElmEveningMadrasah WelfareFundDistribution CounsellorFees NHSCommunityInvestmentScheme FitrFundDistribution ZakatFundDistribution SalariesandEmployer'sNIC 13 PremisesExpenses 13 ArchivingExpenses BarakaKhanVisttorCentre WinterFoodCampaign(lslarricRelie~ BurialSupport Covid19CommunitySupport lftarandltikafExpenses Telephone,Faxandlnterhet 13 CorrputersandITExpenses 13 Pos1ageandS1ationery 13 |
Unrestricted Restricted 2021 £ £ £ 29,202 29,202 2,314 2,314 11,136 1I,136 6,564 6,564 49,215 49,215 Unrestricted Restricted 2021 £ £ £ 60,972 60,972 75,518 75,518 6,089 6,089 142,580 142,580 Unrestricted Restricted 2021 £ £ £ 99,245 99,245 90,467 90,467 46,755 46,755 500 500 236,467 500 236,967 Unrestricted Restricted 2021 £ £ £ 428,551 428,551 588,276 5881276 74,909 74,909 1,091,736 1,091,736 3,000 3,000 54,478 54,478 66,475 66A75 4,960 4,960 128,913 128,913 225,556 225,556 620,904 620,904 i1,642 11,642 2,640 2,640 13,121 13,121 55,071 55,071 9;857 9,857 21,097 21,097 4,775 4,775 7,088 7,088 576 576 879,996 92,332 972,328 879,996 1,312,981 2,192,977 |
2020 £ 23,240 5,915 9,219 11,804 50,178 2020 £ 81,099 61,401 25,885 168,385 2020 £ 97,021 102,410 59,078 530 259'°39 2020 £ 450,468 617,436 76i881 1,144,784 26,929 46,791 54,900 3MBO 165,300 220,502 622,503 11,461 704 18,285 3,430 7,325 1;903 886,114 2, 106,324 |
|---|---|---|---|
| Notestothe for theYear |
Notestothe for theYear |
Notestothe for theYear |
FinancialStatements Ended31March2021 |
|
|---|---|---|---|---|
| 12 13 |
SupportandGovernanceCosts: Note a)Support Costs SalariesandErrployer'sNIC "13 Insurance i3 Telephone,Faxandlnte_rnet i3 CorrputersandITExpenses i3 PostageandStationery 13 LegalandProfessionalFees TrainingandCourses PayrollServices Book-KeepingandAccountancy BankandCreditCardCharges Sundry DepreciationonFFandEquipment LossonFAdisposal b) Governance Costs SalariesandErrployer'sNIC i3 Auditorremuneration MeetingsandTraining LegalandProfessionalFees Total Expenses Basisof AllocationofCosts: alloTotal a)Charitable Activities: CleaningandSupportServices 1:g 263,825 ServiceCharges 1 : 1 6,106 GeneralRa1esandWater 1:9 36,769 LightingandHeating 1:9 133,897 RepairsandMaintenance 1:9 258,271 698,866 b)Su~~ortCosts: CorrputerandITExpenses 1 : 1 14,176 PostageandStationery 1 ; 1 1,152 Insurance 1 : 1 22,271 SalariesandErrployer'sNIC56:8:11:25 902,225 Telephone,FaxandInternet 1 : 1 9,551 949,375 |
Unrestricted Restricted 2021 2020 £ £ £ £ 505,246 505.246 493,924 11,136 11,136 9,219 4,775 4,775 3,430 7,088 7,088 7,325 576 576 1,903 20,358 20,358 12,151 600 600 21692 2,940 8,800 8,800 8,800 32,390 32,390 25,988 4,685 4,685 25,996 67,196 67,196 651205 662,850 662,850 659j572 72,178 72,178 70,561 9,160 9,160 9,160 324 324 2,298 81,662 81,662 82,018 744,512 744,512 741,591 2,052,770 1,313,481 3,366,251 3,325,515 Support Voluntary Investment Charitable Costs Governance Costs Mgtcost Activities 26,382 237,442 3,053 3,053 9,311 27,457 13,390 120,508 25,827 232,444 77,963 620,904 7,088 7,088 576 576 11,136 i1,136 505,246 72,178 99,245 225,556 4,775 4,775 528,820 72, 178 11, 136 99,245 237;996 |
||
| 698,866 | ||||
| 14,176 1,152 22,271 902,225 9,551 |
||||
| 949,375 |
| 14 Tangible Fixed Assets: Freehold Leasehold Land&BuildingLand&Building Costorvaluation: £ £ At1April2020 13,281,232 10,456,034 Addition Gains_I_(losses)onfairvalueofFixedassets Disposal PropertiesTransferred(to)I_fromCAlnvestrrnnt LandandBuildingstransferredtoFAInvestment 13,281,232 10,456,034 Depreciation: At1April2020 Chargefortheyear EliminatedbyDisposal 1>1~~0~~1,\1~1••~ l'H::tDUUI\Vd!Ut:: Asat31March2021 13,281,232 10,456,034 Asat31March2020 13,281,232 10,456,034 Thenetbookvalueoftangible fixed assets investment comprised: lnvestrrnntproperties: FreeholdLandandbuildings LongleaseholdLandandbuildings TolalInvestmentProperty FairValuereconciliation CostofinvestmentProperties Reclassificationsandadditions Gains_I(losses)onrevaluationofFixedassets |
Freehold Leasehold Land&BuildingLand&Building £ £ 13,281,232 10,456,034 |
Freehold Leasehold Land&BuildingLand&Building £ £ 13,281,232 10,456,034 |
Investment Properties £ 16,049,751 Fixtures,Fittings &Equipment £ 1,463,855 i07,471 |
Total £ 41,250,872 107,471 |
|
|---|---|---|---|---|---|
| 13,281,232 10,456,034 |
16,049,751 1,571,326 |
41,358,343 | |||
| 1,015,732 83,354 |
1.Q15,732 83,354 |
||||
| 13,281,232 10,456,034 |
16,049}51 1,099,087 472,239 |
1,099,087 40,259,256 40,235,141 2020 £ 6,600,237 9,449,514 16,049,751 2020 £ 16,049,751 16,049,751 |
|||
| 13,281,232 10,456,034 |
16,049,751 448,124 |
||||
| 2021 £ 6,600,237 9,449,514 16,049,751 2021 £ 16,049,751 16,049,751 |
| FairValuereconciliation £ CostofinvestmentProperties 16,049,751 Reclassificationsandadditions Gains_I_(losses)onrevaluationofFixedassets 16,049,751 £ 16,049,751 16,049,751 |
FairValuereconciliation £ CostofinvestmentProperties 16,049,751 Reclassificationsandadditions Gains_I_(losses)onrevaluationofFixedassets 16,049,751 £ 16,049,751 16,049,751 |
FairValuereconciliation £ CostofinvestmentProperties 16,049,751 Reclassificationsandadditions Gains_I_(losses)onrevaluationofFixedassets 16,049,751 £ 16,049,751 16,049,751 |
|---|---|---|
| Mixeduseland&buildings(witt1investmentelerrent),werelastsubjecttoaprofessionalvaluationduringthefinancialyear2018/19, andthetrusteeshaveconsideredthatnofairvalueadjustrnenl.'3wererequiredduringtheyear(seebelow}.Professionalvaluations werealsomadeonallsoleinvestmentpropertiesinJuly2020.TheTrusteeshaveconsideredthatnofairvalueadjustmentsare requiredintheperiodtoMarch2021,aspropertyprices_have_remainedstable,withnolong-standingeffectsfromthepandemic. Property Cost B/fwd Cost@ Additions_I_ EastLo,ndonMosque LondonMuslimCentreIncludingBusinessCentre MaryamCentre WellandsWay(Northampton) Allotherresidentialpropertiesareasfollows: 31.03.2021 Disposals £ £ £ 5,203,000 5,203,000 15,825,000 15,825,000 12,650,000 12,650,000 379,016 379,016 34,057,016 84,057,016 FairValue FairValue@ Gain_I_(Loss) B/fwd 31.03.2021 £ £ £ Tolalnurrberofproperties:8 15 Debtors&Prepayments: 5,730,000 2021 5,730,000 2020 Prepayments RentandOthers Welfaredebtors Payrolldebtors JobRetentionScheme StudentFees Baddebts £ 61,016 488,886 20,000 779 47,678 243,798 (25,390) 836,767 £ 72,522 468,453 i0,000 1,534 187,793 (22,663) 717,640 |
||
| Gain_I_(Loss) £ |
||
| FairValue@ 31.03.2021 £ 5,730,000 |
||
| 2020 £ 72,522 468,453 i0,000 1,534 187,793 (22,663) 717,640 |
| 16 Creditors: Falling due within one year OtherTaxesandSocialSecurityCos1s TradeCreditors RentandHallHireDeposits AdvanceTuitionFees AccrualsandDeferredlncoma AlRayan(IBB)BankLoan QardHasanah-PrivateLoan PensionContributions 17 Creditors: Falling due aftermorethan one year QardHasanah-PrivateLoan BankLoans |
2021 2020 £ 49,260 102,810 104,531 337,150 259,547 180,789 1,893,873 17,339 2,945,299 £ 48,379 111,733 106,909 347,100 245,401 180,789 1,968,373 12,903 3,021,588 2021 2020 £ 2,886,573 796,231 3,682,804 £ 2,880,773 930,265 3,811,038 |
|---|---|
| 18 AnalysisofStaffCosts: TotalSalaries Employer'sNIC PensionContributions TotalEmployrrentcost Averagenurrberofemployees:Support Averagenurrberofemployees:Directcharitable Employeespaidinexcessof£60,000 |
2021 £ 1,894,759 137,146 96,562 2,128A66 33 88 121 |
2020 £ 1,840,045 122,888 79,921 |
|
|---|---|---|---|
| 2,042,855 31 83 |
|||
| ~~114~~ | |||
PensionsRegulatorinApril2019.Errployer'scontributionsmadetopensionschemeswere£96,562(2020:£79,921 anexpenseunderstaffemoluments. |
),recognisedas |
|---|---|
| 22 Deferred income: 2021 £ Atstart01.04.2020 558,220 Additionsduringtheyear 552,151 Arrountsreleasedtoincome (558,220) Atend31.03.2021 552,151 |
2020 £ 622,055 558,220 (622,055) |
| 558,220 |
| Restricted Fund Movements Capital Grants LDACapitalGrant SureStartCapitalGrant NRFCapitalGrant ERDFCapitalGrant 41Fieldgate Street MaryamAcademy Educational Projects LondonEastAcademy AlMizan EveningMadrasah GeneralProjects ZakatFitrFund WelfareFunds PennyAppeaVEECFCounsellingGrants ArchivingProject BarakaKhanVisitorCentre WinterFoodCampaign(lslanicRelie~ BurialSupport Covid19Comm.mitySupport'EECF NHSConmunitylnvestmentScheme Waqf |
Opening Incoming Resources Closing Balance Resources Expended Adjustment Balance 01.04.2020 31.03.2021 £ £ £ £ £ 710,750 710,750 258,000 258,000 700,000 700,000 750,000 750,000 2,418,750 2,418,750 822,454 822,454 159,131 159,131 142,301 749,077 588,276 303,101 61,528 452,195 428,551 (61,528) 23,644 25,328 58,798 74,909 9,218 229,157 1,260,070 1,091,736 (61,528) 335,963 161,678 (161,678) 9,315 127,236 71,435 65,116 i14,127 1,333 3,000 112,460 3,209 39,600 54,478 1;,669 7,137 47,589 11,642 43,083 114,701 2,640 112,060 13,750 i3,121 629 79,535 55,071 24,463 34,596 9,857 24,738 20,000 20,000 500 500 4,039,658 1,623,709 1,313,480 (211,038) 4,138,847 |
|---|---|
| 24 MovementinFunds Asat1April2020 Currentyearsurplus Gains_I_(losses}onrevaluationofFixedassets Currentyeartransfer Asat31March2021 |
Unrestricted Fund £ 626,566 700,310 Designated Fund £ 30,874,706 Unrestricted Total £ 31,501,272 700,310 (15,712) 226,750 211,038 Restricted Fund £ 4,039,657 310,227 (211,038) 1,311,164 31.101,456 32,412,620 4,138,847 Total Fund £ 35,540,929 1.Q10,538 36,551,467 |
|---|---|
| Auditor'sRemunerationfortheauditofthecharity'sannualaccounts FeesPayabletothecharity'sauditorfornon-auditservices |
2021 £ 11,250 11,210 2020 £ 11,250 11 |
|---|---|
| Cash Cashequivalents Overdraftfacility Totalcash Privateloans<1year Privateloans>1 year Bankloans<1 year Bankloans>iyear Financeleases Totalborrowings TOTAL |
Atstart Acq/disp New Fairvalue ofyear Cashflows ofsubsidiariesfinanceleasesmovements £ £ £ £ £ 1,417,011 663,086 Forex Othernon- Atend movementscashchanges ofyear £ £ £ 2,080,097 |
|---|---|
| 1,4171011 663,0B6 (i,968,373) 74,500 (2,880,773) (5,800} (180,789) 180,789 (930,265) 2,080,097 (1,893,873) (2,886,573) (180,789) (180,789) 134,035 (796,230) |
|
| (5,960,200) 249,489 (46,754) (5,757,465) |
|
| (4,543,189) 912,576 (46,754) (316n,3sa) |