## ## |Reference and Administrative
Details|Reference and Administrative
Details|| |---|---|---| |Trustees and Directors'|Report|2to 3| |Statement
ofTrustees'|Responsibilities|| |Independent
Ettamtner's|Report|| |Statement
of Fm an cial|ActMties|| |Balance Sheet||| |Notes to Ihe Finanoal Statements||5to 15| ## ## |Trustees and Directors' Report|Trustees and Directors' Report|Trustees and Directors' Report||| |---|---|---|---|---| |The Trustees,
who are Directors
for the purposes
af company
law, present
the annual
report
lagether
with
statements
and auditors'
report ofthe charitable
company for the year ended 31 January 2021.|||the|finendsl| |Objectives and activities||||| |Objects
ancf elms||||| |The charity's
objective and its principal
acfivlty cantlnues
to be Ihe establishment
religious
needs of the Ulluslim
community
and to provide
services to the widw
areas.|of a centre for community
services ta fulfil lhe
aommunities
in Sheffie)d and the surrounding|||| |These senlices include;||||| |Torelieve poverty by the provision
ofadvice, financial
and other assistance to|those
In need,|hardship
ordistress.||| |-Toadvance education for the public benefit.||||| |~To preserve
arid protect good hesfih for the public benefit.||||| |~ To provide
fadli1ies
in the Interests of cadet welfare
for the recreafion
end
need.|afher leisure Iime pursuits
af those||who are in|| |The chaniy
continues
to explore
new ways
of improving
the conditions
of individuals.
The
Trustees meet regularly
lo manage
its affairs.||charily is arganised|so|that the| |There is I full time consultant
directly
reporting
to the Trustees,
the employees
chanty and organise
fundraising
init!abves. New Trustees are only recruited
and
or a strategic need arises,|manage
the
trained
when|day-ta4fay
administration
a Trustee leaves hislhsr||ofthe
posiTion| |Public benalft||||| |The Trustees
canfirm that they have complied
with the requirements
ofsection 17ofthe Chanties Act 2011to have
to the public benefit guidance
published
by lite Charity Commission
for England
snd Wales.|||due|regard| |Achievements
and performance||||| |The Trust had been dased
during
the lackdawn
perfod as per Ihe Government
lockdown
whibt
maintaining
the sordal
distancing
rules at a reduced
capsdiy,
Inrfiudlng
Ihs daily prayers
and for Ramadan,|guidelines.
The Trust had re-opensd
fofiowing
only
offering
the bare
minimum
af services|||| |Financial review||||| |Duririg
Ihe year the Trust raised 533k (2020'. E104k) snd spent
247k (2020:
2326k) on the Islamic Centre.|207k) on revenue
actlvibes
end E3Ak|||(2020:| |The total csny farwsrd reserves afthe Trust stood atE5.49m (2020:E5.51m).||||| |policy on reserves||||| |Restricted Reserves stood stE2.14m (2020:E2.14m) end IJnrestdcted
Reserves|at E3.35m (2020:23.37m).|||| |The Trustees
have considered
Ihe level of reserves
and found
Ihem lo be adequate
for meeting
the immediate
needs ofthe Trust.|||and|future| |Going aoncern||||| |The Trustees consider that there sre no material
unceriainfiies
about Ihe cheritys|ability to conc|nus as a galng ooncern.||| ## ## ## ## ## |(Inciudlng
In|come|and Expenditure|Account snd|Statement ofTotal R|ecognilsed
Gain|s and Losses)|s and Losses)| |---|---|---|---|---|---|---|---| |||||Unrestricted||Total|| |||||funds||2021|| ||||Nate|E|||8.| |Income and Endowments||fram:|||||| |Donations
snd legacies
Investment
income
()Incr Income||||23,045
3
10237|||23,045
3
10,237| |Total income||||33,285|||33,285| |Expenditure an:|||||||| |Raising funds
Charitable
scdvi8es|||5|(14,840)|||(14,840)| |Total expenditure|||||||,66| |Net expenditure|||||||| |Net movement
in funds||||(14,099)|||(14,099)| |Reconcglatlan
offunds|||||||| |Total funds brought|forward|||3372459|2 140677|5|513136| |Total funds carried|forward||17|3,358,360|2,140,677|5,499,037|| |||||IJnA%trictsd|Restricted|TOtal|| ||||Note|1rinds
8|tunds
E|2020
E|| |Income and Endowments||fram;|||||| |Donations
and legsdes||||104,057|||104,067| |Total incame||||104,067|||104,067| |Expenditure
on:|||||||| |Raising tunds
Charitable
acgvlties
Total expenditure|||5|(34,525)
~6,||(34,525)
~66.|| |Net Income||||7417|||7,417| |Nel movemenl
In funds||||7,417|||7,417| |Reconcilatlon
offunds|||||||| |Total funds brought|forward|||3,365,042|2,140,677|5,505,719|| |Tatal funds carried farward|||17|3,372,459|2,140,677|5,513,138|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Notes to the|Financi|al Statements
for|the Year Ended|31January 2021|| |---|---|---|---|---|---|---| ||||Balance at 1
February 201S
E|Incoming
resources
E|Resources
expended
E|Balance at 31
January 2020
E| |Unrestricted|funds|||||| |General|||3,365,042|104,067|(96,650)|3,372,459| |Restricted funds|||2,140677|||2,140,677| |Tolal funds|||5505719|||5,513,136| |15 Analysis|ofnet assets between|funds||||| |||||Unnmlrlcted||| |||||funds||| ||||||Restricted|| |||||General|funds|Total funds| |Tangible lixed
Cun'ent assets
Current
linbilib|assets
as|||3,308,485
19,079|E
2,140,677|5,537,182
19,079
~2™| |Total net assets||||3,358,360|2,140,577|5,499,037| |||||Unrestricted||| |||||funds||| ||||||Restricted|Tobrl funds at| |||||General|funds|31January
2020| |Tangible lixed
Current assets|assets|||3,393,070|E
2,140,677|E
5,533,747| |Current
liabiglties||||47,892||47,892| |Total net assets||||3372459|2,140677|5.513,136| |19 Analysis ofnet funds||||||| |||||At 1 February
2020|Financing cash
flows|At 31Jsnusry
2021| |Cash at bank and in hand||||E|E|E| |||||||19,079| |Net debt||||||| |||||||19,079| |20 Related party transacuooe||||||| |There were no related parly transactions||in ths|year.||||