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2021-12-31-accounts

TRUSTEES’ REPORT

And financial report for the year ended 31st December 2021

1

Part1: TABLE OF CONTENTS

  1. Chairman’s foreword…………………………………………………………………………..Page3 3. Activities & Events …..………………………………………………………………………..Page4 4. Administrative & References…………………………… ………………………………….Page5 5. Organisation’s Profile …………………………………….…………..…………………….Page6 6. Achievements and Performance…………………………………………….…………...Page7 7. Plans for the future……………………………………………………………….…………..Page8 8. Financial Review……………………………………………………………………………….. Page9 9. Trustees Statements of Responsibilities……………………………………………...Page10 10. Independent Examiner Reports…………………………………………………………Page11 11. Statement of Financial activities……………………………………………………….Page12 12. Charity Balance Sheet……………………………………………………………………..Page13 13. Notes to the financial statements………………………………………………….Page14-20

2

Part2: Chairman’s foreword

In the name of Allah, the Most Beneficent, the Most Merciful. We thank Him for His everlasting mercy to us and we praise and glorify for His countless favours irrespective of human’s shortcoming. We send blessing and salutation to upon our beloved Prophet Muhammad, his Companions, and entire people of his households.

Alhamdulillah, another year has passed on with great success, and we look forward year ahead with hope and prosperity. I am pleased to present before you an Annual Report along with independent Examiner report for the year ended 31[st] December 2021 for you to peruse. This report reflects upon what happened during the year under review.

Construction of the main prayer hall has completed. Wudhu khan and toilet facilities along installation of new and modern boiler also have been completed. The only pending work is purchases and installation of air condition unit. And so, we’re using this opportunity to call for an appeal to our Muslim brothers and sisters across UK and the rest of the world to support us financial in this noble work. The cost of Air condition sets is £14,000 to meet the size of prayer hall. It is extremely unpleasant atmosphere during the summertime in particularly but not exclusively during Friday prayer where mass congregation makes temperature in the prayer hall a bit high.

I am sure that you will also be happy to hear that this year charity managed to make repayment of free interest loan of £34,000. While some of our creditors decide to write off their debts total amounting £25,000 and translated into donations.

Bereavement scheme has completed 77months old (six years) since its establishment with 60 registered members. Should all members pay their due subscription on timely manner than the scheme should have £48,000 at Bank. Very unfortunate, it has £41,835 at bank. Why then? Because some members were ahead on the monthly subscription a total of £3,330. But we also have some members who are behinds on their due subscription a total of £9,226. Management of the scheme are still working to address the issues of subscription in arrears. It shames that the funds have remain unproductive for a while. However, management are working tireless to explores different potential avenues to invest the fund wisely and productive.

It is a pleasure and privilege to serve as Amir of this institution. We could not have achieved this milestone without a great deal of hard work by everyone within Comswa’s circle. And this is what Community (Mujitamaa) is all about. May Allah (S.W.T) grant all of us goodness in this world and hereafter- Amin.

Nassor Uba

Amir of Coventry Muslim Swahili Community (UK)

3

Part3: ACTIVITIES & EVENTS

Part4: REFERENCE & ADMINISTRATIVE

Charity Name : Coventry Muslim Swahili Association

Charity Registration No. 1126750 Principle Office: 88 Payne’s Lane, Coventry CV1 5LJ Email Address: thecomswa@yahoo.co.uk Website: www.comswa.online

Trustees: Effective from 26/12/2017:

Mohammed Yuri Deputy Secretary Axmed Sayid Cali Treasury Fahad Issa Deputy Treasury

Holding Trustees: Nassor Uba Axmed Sayyid Cali Saleh A Badru Bankers HSBC Bank Plc 5/6 High Street Coventry CV1 5RE Independent Examiner Suleiman Ali

5

Part5. ORGANISATION PROFILE.

Organisation Objective:

The primary objective of the charity as set out in the Governing Document which is to advance the Islamic faith and Muslim community. Our aims are to provide facilities for the Muslim population of Coventry to worship their Creator and to educate them about their faith based upon the teachings of the Qur‘an and the Sunnah as understood by the companions of the Prophet (S.A.W) and by those that followed them. Structure, Governance & Management:

The Board of Trustee is appointed by General meeting for a term of two years. They are responsible for the day to day management and administration. Trustees determine the general policy of running of the organisation. To assist with smoothly running of the charity, trustees have authority to delegate its power to sub-committees on various functions and activities. There is no remuneration receive.

Risk Management:

Trustees have moral and legal obligation to exercise their duties in delicate care and skills by identifies potential threats of charity objectives and mitigate those threat appropriate and proportional. In reference to risk management, we have up and running complaint’s handling procedure and managing conflict of interest policies.

Vision & Mission:

Our vision is to build a vibrant Islamic centre that caters to the religious, education and social needs of wider Muslim Community. Our mission is to develop, support and promote a comprehensive Islamic way of life as delineated in the Holy Quran and Sunna. In addition, we would love to continue to provide positive contribution to Coventry City, British Society and make a positive global impact.

Area of Operation:

Comswa operates within England and Wales. However, governing document does not restrict to extend its services beyond this boundary.

Volunteers:

Volunteers are paramount mechanisms, catalysis, and vigorous tool to move forward and achieve community objective. Apparently, we have than 60 people’s men and women devoting their time and wealth for community and faith related activities. Their work is vibrating for the organisation.

Public benefit:

The trustees frequently review the activities of the charity to ensure that they continue to reflect the objectives and aims of the charity and provide an overall benefit to the public.

6

Part6. ACHIEVEMENT & PERFORMANCE

During the year under review, community has successfully fulfilled many of its core objectives, some of which are mentioned here below:-

Education Centre (Madrasah):

The children's Madrassa continues to flourish under the dedicated leadership of Ustadh Ibrahim, Ustadh Khamis Qassim along Sister Fatma, Ummu Aqsa, and several volunteers. A total of 100 children are now on the Madrassa register. In addition to the daily Quran and Islamic Study classes, the following events took place:—

a) Parents' evening organised to discuss children's progress.

Eid Congregation Prayer & Eid Celebration in the Park:

We have successfully organised the Eid prayer congregational prayers in the park in collaboration with another masjid across Coventry. In addition to that, Eid Celebrations are conducted in the Edgwick Park in Coventry since 2014 to allow even non-Muslims to join in celebrations on most important Muslim calendar.

Community Cohesion:

Actively engaged with local authority and community organisations aims to bring together people in diverse neighbourhood making Coventry better place to live and work. In making these ideas ticking, we’re currently working together with West Midland Police force, Coventry City Council, Bengal, Somali, and Gujarati community just to list few.

Youth Engagements

Youths are backbone of many communities. We’re grateful to have good number of juveniles who are full involved on religious and community activities. It is our morale duties to ensure these crops of youngsters are protected against intolerable behaviours and enjoy their juvenile span wisely.

Events and Talks

The Mosques has hosted a series of events and talks to the local community and delivered by prominent UK scholars, community leaders and emerging ustadh of modern day.

7

Part7: PLANS FOR THE FUTURE

7:1. Madrasah:

a) To provide basic Islamic education to youngsters.

b) Recruit more volunteer’s teachers.

7:2. Friday and Eid Congregation:

We are working through to ensure Friday and Eid Congregation well supervise.

7:3. Innovation of new fund-raising avenues for Masjid Project:

a) Masjid Collection “Chanda” on some of selected town across UK.

b) Fund raising events at least on monthly basis.

c) To explore potential foreign donors to help the Project.

7:4. Administration and Management affairs:

a) Plan offer more intensive training to executives to overcome advancement of organisation.

7:5. Working with other charities:

We’re getting on so well with other communities across Coventry such as Bengal, Gujarat, Somalian, etc. They have been wholehearted supported our work and could not ask for more assistance. Outside the boarder, we’re continue to explore potential area of cooperation with other organisation for advancement of this community.

7:6. Plans to our Centre:

Risk Management

New trustees will have periodic trainings to briefs their legal obligation under charity law. Which including areas on Decision Making; Declaration Trust and Financial supervision. Insurance on Building need to be arranged as part of risk mitigation scenario.

8

PART8: FINANCIAL REVIEWS YEAR 2021

8:1 Net Surplus:

Charity earned a net surplus of £73,509 from £30,424 from 2020. Considerable increase was attribute by debts convention into a donation valuing £25,000.

8:2 Incoming Resources and Resources Expended:

Incoming Resources from generated fund raised by more than 100% compared to previous year. Again, resources from charitable activities raised to £91,812 from £44,905. Total resources expended increase by £9,035 to £32,926 from £23,891 in 2020

Principal funding sources:

The charity's main source of income is voluntary donations, proceeds from generated funds and free interest loan. Of this source of income, were restricted funds to be applied for in specific areas of the charity's work. Management decide to use the fund raised for restricted to purpose to complete the purchases of property for religious and Community purpose. Further details of the restricted funds can be found in note to the financial statements.

Reserves policy:

The charity's policy is to maintain sufficient reserves at least to cover fixed monthly unrestricted expenditure. The trustees believe the current levels of liquid reserves are sufficient to meet this objective.

Going concern:

Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have continued to adopt the going concern basis concept in preparing the financial statements.

Future:

Plans are very important in keeping the organisation focused and to ensure that goals and objectives are realistic to the essence and purpose of COMSWA. COMSWA expects to maintain its existing range of faith and community activities whilst building and improving on areas identified for further developments.

6:3 Investments:

Due to unavailability interest free financial products from high street Banks, unrestricted funds continue to remain idle without yielding big chunk of financial returns. Consequently, management continue to use the funds on petty types of funding activities such as fundraising events, etc.

9

Pa STATEMENT F RESPONSIBILrrIES' The Trustees are responsible for pYeparlrwJ the Trust￿5. Report and the finandal statements in acCOrdar￿ with applicatrAe law arKI regulations. Charlty law requi￿ the tnjstees to prepare financial ststements for each financial year in accordarKe Unltbj Kingdom Generally P£cepted Accwnting Practs'ce (United ￿r￿jd0rn Accounting Stsndards) and applicable law. UrKler charlty law the trustees must not approve the financial ststements unkn they are 5atbsfied that they give a tNe and fair view of the sltuation of the charity ar￿ of its net ￿tgo￿r￿j resouros for that perfod. In preparing these financial statements, the trustees a￿ required to: a) Select suitable accounting polioes and appty thwn consistently. b) Make judgments and estimates that are reasffiable arKI prudent. c) State whether applicable acmunts'ng stsndards have been followed, subjert to any material departures disclosed arKI explained in the finanaal statements. d) Prepare the finanaal Statements on the goirwJ concem basis unless it is Inappropriate to presume that the charity will continue to cperate. The trustees are responsible for keepirKJ proper accounting r￿￿rdS that are sufficient to show and explain the charity's transactions and disdose with reasOnal￿e accurdLy at any time the financial Postti'on of the charty and enable th￿n to ensure that the finanoal ststements comply with the ar￿.e5 Act 2011, the Charity (accounts and ReForts) regulations 21)J8 and the provisions of the trust deed. TW are also ￿￿nsible for safeguarding the assets of the charity and hentr for taking reasonable step5 for the prevention and detection of fra￿1 and other irregularities. On behalf of TrLEStees Board, we hereby Satisfied that Trustee reFQrt give a True and falr Mew of the stste of affaif5 of the charity arKJ of its net ¢)Utgoing re9)Ur￿ ft)r the Feriod under wiew. Axmed Sayid Cali (Treasurer) On beham of Twstees Mohammed Yurri (Secretary) On behalf ol Trustees

Independent Examlner'• Report to the trustees of COVENTARY MUSLIM SWAHILI ASSOCIATION (UK) I report on the accounts of the tharlty for the ￿ ended 31 Decemtjer 2021 whlch are set out on pages 12 to 20. ReS￿rtIve re4xH￿1b1lltles of trustees aftd examlner The trustees are resp)nslble for the preparatr'cn of the accounts. The tnjstees consider that an audlt Is not requireAJ for this year uThJer sectlon 14(2) of the Charities kt 2011 (the 2011 Act) ar ttrot an independent wmination is needed. It Is my responslblllty to: • exarnlne the accounts under sectbon 145 of ttE 2011 to follow the wocedures lakl d(Mn In the grnal DI￿￿On$ gfven by the Charfty Commlsslon under sectlon 145(5)(b) of the 2011 PLt; to state wwher partlcular matters have coTh* to my attentlon. Basls of Independent examlnerfs report My examinats'on was carried out in accordaKe with the general Olr¥Oons glven Lry the Charity Commisgon. An examination Indudes a re4iew of the accounting ￿ordS kept by the charity afKI a comparison of the accounts presented with those records. It also includes conslderati<)n of any unusual items or disdosures in the accounts arKJ seeknng explanations from you as trustees concernlrKJ any ￿ch matters. The prcKedure5 undertaken do ryjt provlde all the ￿lde￿e that would be required in an audit and consequenuy rrf) oplnK•n is given as to wTr￿er the accounts present a Irue fair and the report is 11rni￿1 to those matters set out in the next ststement. Independent examlner's statement I have not Idenb'fied matters of concern but check and t43lan￿ need to be esiabllshed to Improve intemal controls. In connectlon with my examination, apart from matter refpJred al)ove Indicating that the accounts are not fulty cornpliant wrth accounb'ng reqUIr￿ts of sKtion 396 of the Companies Act and with the methcKls and principles of the Ststement of Recommended Prartice: Accounting arKJ Re￿rting by Charities, no matter has come to my attention: l) whith gives rne reasonable cause to believe that in any material respect the requlrements: to keep accountlrKJ records in accordarKe with section 130 of the ￿arrtIeS Art 2011; and to prepare accounts which accord with the accounting records and comply with the accountlng requlrements of the 2011 PLt have rnt been met; or 2)to Inmyo ' bn, attentlon should be drdvm to enable a proper urKierstsndlr¥J of accounts to be pe en Suleiman Ali 29 ainton Road, Coventry, CV6 7PJ. Exarnlnerf5 Nam

COVENTRY MUSLIM SWAHILI ASSOCIATION UK COMSWA tem nci s f th Year Ended 31 De￿rnber 2021 2021 2020 14fi23 9,410 91 12 12 TC￿ I￿l¥￿Ing ResLvrn (a) 14&13 91112 It6,435 54J15 Resourns expended 22,9S3 22.953 IS￿52 io 55 AO Total￿5¢x#c￿ (bj 22,953 33 Net ReA%tsC￿ tra￿[a-b) 74927 30824 Recondllatlon ￿￿M￿n￿veMQBt Tc¢al fuTrts bmwht fcyward 43,2>) 627. 597,539 927 li 700 ￿ 627 963 Behaff of Tntst Nasgy Uba (Chairman) Muhammed YU￿1 (Glseuetsry)

COVENTRY MUSLIM SWAHILI ASSOCIATION Balan esh UK 021 COMSWA 202J io 659.145 659,145 Cash at Bank aTrlln Harnl 51 747.4WJ 7￿,056 15,631) 16.1341 Credit￿5.. klliw due afterm¢Ye thon year NetAssets 71)0 The Funds of the (￿rffy. is3￿5 Total ￿arRYFvnds 700 Nassor Uba {Chaiman} muharnn￿d Yurri ISgWtaryl

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA

Notes to the Financial Statements for the Year Ended 31 December 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

COVENTARY MUSLIM SWAHILI 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 notes.

Exemption from preparing a cash flow statement

The charity exempted from preparing a cash flow statement as early adopts Bulletin 1 published on 2 February 2016. However, Comswa decide to include a cash flow statement in these financial statements for more transparency.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies, and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability.

Gifts in kind

Gifts in kind are recognised in different ways dependent on how they are used by the charity: (i) Those donated for resale produce income when they are sold. They are valued at the amount realised.

(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them. (iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading those aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

14

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA Notes to the Financial Statements for the Year Ended 31 December 2021

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Fixtures and Fittings

Depreciation method and rate Straight line - 33.33%

Trade debtors

are amounts due from customers for merchandise sold or services performed in the ordinary course of business are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of is established when there is objective evidence that they will not be able to collect all amounts due according to the original terms of the receivables.

15

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA

Notes to the Financial Statements for the Year Ended 31 December 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interestbearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

2. Activities from generating funds

Education Centre:
Students’ fees and supplies
Sundry Income
Sub total		 Unrestricted
Restricted		 Unrestricted
Restricted		 Unrestricted
Restricted		 Funds
2021		 Funds
2020
6,238
3,172
9,410
1,817 0 1,817
12,806 0 12,806
14,623 0 14,623

16

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA Notes to the Financial Statements for the Year Ended 31 December 2021

3.Incoming Resources Charitable Activities


Chanda Collection - Masjid Project
Fund raising events - Masjid Project
Community & Public Donation - Masjid Project
Free Interest loan converted into donation
Subscription to Bereavement Fund
Sub total
4. Total Resources Expended
Direct Costs
Fundraising costs
Accountancy fees (Provision for 2021
Legal and Professional costs
Sub-total (a)
Support Costs
Utilities Consumption
Council Tax & Business Rates
Printing & Stationeries
Motor expenses - incentive to teachers
Telephone & internet services
Depreciation
Governing costs
Building Maintenance & Repair
Charity & Donation platform
Sub-total (b)
Grand total (a + b)		 Unrestricted Restricted Funds
2021		 Funds
2020
0 44,621 44,621 8,914
0 0 0 2,024
0 14,311 14,311 25,207
0 25,000 25,000 0
0 7,880 7,880 8,760
0 91,812 91,812 44,905
Unrestricted Restricted Funds
2021		 Funds
2020
0 816 816 884
700 0 700 700
0 0 0 0
700 816 1,516 1,584
6,115 0 6,115 11,875
2,386 0 2,386 3,455
0 0 0 0
0 0 0 0
737 0 737 657
0 0 0 0
617 0 617 6,320
0 9,637 9,637 0
0 12,500 12,500 0
9,855 22,137 31,992 22,307
10,555 22,953 33,508 23,891

17

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA Notes to the Financial Statements for the Year Ended 31 December 2021

5. Debtors
Arrears on Bereavement Fund
Sundries debtors
Sub-total
6. Creditors: falling due within a year
Accountancy fees (Provision for 2021
Prepaid subscription on bereavement fund.
Barclays Card Service for Dece 2021
Virgin (Telephone & internet services) Dece bill
Accrued - Electricity provision
Accrued-Gas provision
7. Creditors: falling due after a year
Qaradhan hassana (Free Interest Loan)
Building Materials remain unpaid
HSBC Convention Loan
8. Analysis of funds
Generated Funds
Unrestricted fund
Restricted fund
Subscription to bereavement Fund
Masjid Project
Total Fund		 Unrestricted
Restricted
Funds
2021
Funds 2020
0
9,226
9,226
8,406
180
0
180
1,000
180
9,226
9,406
9,406
Unrestricted
Restricted
Funds
2021
Funds 2020
700
0
700
700
0
3,330
3,330
2,875
0
365
365
60
0
0
0
253
0
0
0
898
1,236
0
1,236
1,348
1,936
3,695
5,631
6,134
Unrestricted
Restricted
Funds
2021
Funds 2020
0
33,350
33,350
58,350
0
7,609
7,609
7,609
0
0
0
20,000
-
40,959
40,959
85,959
1st Jan
2021
Incoming
Expending
31st
Dec2021
474,118
14,623
10,555
478,186
39,851
7,880
0
47,731
113,994
83,932
22,953
174,973
627,963
106,435
33,508
700,890

18

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA Notes to the Financial Statements for the Year Ended 31 December 2021

9. Net Assets by Fund


Tangible Assets
Add: Current Assets
Less: Creditors: falling due within a year
Less: Creditors: falling due more than a year
Net Assets
10. Fixed Assets
Balance brought forward 01/01/2021
Additions (Cash & Credit)
Accumulated Depreciation
Charge for the year
Net Book Value
11. Cash on Hand & Bank
Masjid Project A/c
Saving Account, A/c
Bereavement fund a/c
Madrasah a/c
Free Interest Loan Movement
Balance Brought Forward (inc HSBC Loan
Add: Free Interest Loan Receipts during the year
Less: Loan repayment during the year (inc HSBC Loan
Less: Debts written by Creditors (converted as donation
Add: Unpaid building materials bills taken in 2020		 Unrestricted Unrestricted Restricted Funds
2021		 Funds
2020
659,145
60,911
6,134
85,959
627,963
Funds
2020
572,690
86,455
0
659,145
Funds
2020
4,879
10,000
34,320
2,306
51,505		 Funds
2020
659,145
60,911
6,134
85,959
627,963
Funds
2020
572,690
86,455
0
659,145
Funds
2020
4,879
10,000
34,320
2,306
51,505		 Funds
2020
659,145
60,911
6,134
85,959
627,963
Funds
2020
572,690
86,455
0
659,145
Funds
2020
4,879
10,000
34,320
2,306
51,505
659,145 0 659,145
5,291 83,044 88,335
1,936 3,695 5,631
0 40,959 40,959
662,500 38,390 700,890
F ‘hold Land Furn&
equip		 Funds
2021
659,145 0 659,145
0 0 0
0 0 0
659,145 - 659,145
Unrestricted Restricted Funds
2021
21,983 21,983
10,000 10,000
41,835 41,835
5,111 5,111
5,111 73,818 78,929
78,350
14,000
34,000
25,000
33,350
7,609
40,959

19

COVENTRY MUSLIM SWAHILI ASSOCIATION (UK) COMSWA

Notes to the Financial Statements for the Year Ended 31 December 2021

11. Cash on Hand & Bank

11. Cash on Hand & Bank
Funds Funds
Unrestricted Restricted 2021 2020
Masjid Project A/c 0 21,983 21,983 4,879
Saving Account, A/c 0 10,000 10,000 10,000
Bereavement fund a/c 0 41,835 41,835 34,320
Madrasah a/c 5,111 0 5,111 2,306
5,111 73,818 78,929 51,505
12. Cash Flow Statement
11. Cash on Hand & Bank
Masjid Project A/c
Saving Account, A/c
Bereavement fund a/c
Madrasah a/c
12. Cash Flow Statement		 Unrestricted Restricted Funds
2021		 Funds
2020
0 21,983 21,983 4,879
0 10,000 10,000 10,000
0 41,835 41,835 34,320
5,111 0 5,111 2,306
5,111 73,818 78,929 51,505
Cash at Bank at the beginning of the year
Cash inflows:
Receipts from Masjid Project
Receipts from Education centre.
Free Interest Loan Receipts
Receipts from Bereavement Funds
Cash Outflows:		 51,505
58,932
14,623
14,820 Include Al-Amry Receipts
7,515 95,890
Expenditure on Masjid Project:
Fundraising costs
Charity & Donations
Loan Repayment
Maintenance and Repair		 511
12,500
34,000
9,637 (56,648)
Expenditure on Mgmt and Adm:
Accountancy fees (2020)
Utilities
Council Tax & Business Rates
Telephone & Net services
Governing costs
Cash on Hand and at Bank		 700
7,125
2,386
990
617 (11,818)
78,929
78,929

20