| Referenoe and Administrative Details |
|---|
| Trustees and Qirectors' Report |
| Statement ofTrustees' ResponstbiliTies |
| independent Auditors' Report |
| Statement ofFinanoiat Activities |
| Balanoe Sheet |
| Statement ofCash Flees |
| Notes tothe Financiai Statements |
| Objectives snd activities |
|---|
| Qbjecfaend deNs |
| The charity's objective and its principal ectivity continues to be the establishment of a centre for community services to fulfil the rekgious needs of the Iyiuslim community and to provide services to the wider communibes in Sheffield and the surround n I g |
| These services include: |
| ~ TOrelieVe pOVerty by the prOViSJOn Of adVJCe, finanCIal and Other aSSietanCe tcthcee in need, hardahip OrdistreSS. |
| ~Toadvance education forthe public benetit. |
| ~Topreserve snd protect good health forthe public bsnetlt. |
| ~ To provide facillges in the interests ofsocial welfare for the recreation and other leisure time pursuits ofthose who ars in need. |
| Tha charity continues to explore new ways of Improving the conditions of individuals. The charity is orgsnised so that the Trustees meet regularly to manage its affairs. |
| There is 1 fuII time consultant directly reporliing to the Trustees, the empioyees manage the dsy-tc day administratlcn of the chsriiy and organise fundraising initiatives. New Trustees are only recruited and trained when s Trustee leaves his/her position ora strategic need arises. |
| The Trustees confirm that they have complied with the requirements ofsection 17ofthe charities Act 2011to have due regard to the pubgc benefit guidance pubiishsd by the Chsrity Commission for England and Wales. |
| Achievemerrts snd performance |
| The Trust had been closed during the lockdown period as per the Government guidelines. The Trust had re-opened following lockdown whilst maintaining ths soosl distancing rules at a reduced capacity, only offering the bars minimum of services including the daily prayers and for Ramadan, |
| Financial review |
| During the year the Trust raised 2500k (2021:233k) and spent 637k (2921:647k) on revenue activities and 8175k (2621: 23,4k) on the lslarnic centre. |
| 'Ths total carry fonvard reserves ofthe Trust stood at K5.98m (2021:R5,50m). |
| Pogcy orr reserves |
| Restricted reserves stood at R2.14m (2621:E2.14m) and unresb1cted reserves atR3.82m (2621:E3,36m), |
| The Trustees have considerml the level of reserves snd found them to be adequate for meeting the immediate and future needs ofthe Trust. |
| Soing concern |
| The Trustees consider that there are no materisl uncertainities about the charltys ability tocontinue sss going concern. |
| iyature ofgover/r/ng rfocu/rrenf |
| Emaan Trust was founded in 2964 and was registered as an incorporated charity with UK Charity commission in 2009. The company is a private limited company limited by guarantee incorporated on 30 January 2009 and is governed by its articles of association (Articjes). In the event the charitable company is wound up members are required to contribute an amount not exceeding Q. |
| Emaan Trust seeks to establish an islamic centre ln order to fuigl the religious needs ofthe surrounding hluslim communiiJes and to provide services to the wider community in 8hettteld snd surrounding areas, |
| Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
Statement ofFinancael Activities forthe Year Ended N JanLtary 2022 (tnoludin9 income and Expend)tera Account and Statement OfTotal Recognised Caine and Losses) |
|---|---|---|---|---|---|
| income snd Endowments | from | ||||
| Donaticns and legacies investment income |
489,913 | 489,913 | |||
| Other income | 21 9,542 |
21 9,542 |
|||
| 499,478 | |||||
| Expenditure on; |
|||||
| Raising funds Charitable activities |
(10,76'i) (28„052) |
(10,781) (28,052) |
|||
| Total expenditure | |||||
| (38,813) | |||||
| Net income | |||||
| 460,663 | |||||
| Net movement in funds |
|||||
| 460,663 | |||||
| Reconciliation of | funds | ||||
| Total funds brought | forward | ||||
| Total 1'unde carried | forwsAil | 3,811,M3 | 2,140,677 | ||
| Total | |||||
| 2021 | |||||
| 8 | |||||
| income and Endowments | from: | ||||
| Donations and legacies investment income Other income |
23,045 3 10,237 |
23,045 3 10,237 |
|||
| Totsi income | |||||
| 33,285 | |||||
| Expenditure on: |
|||||
| Raising funds | |||||
| Charitable ac(Miss | (14,840) (32,544) |
||||
| Total expenditure | |||||
| Net expenditure | (14,099) | (14,099) | |||
| Net movement ln funds |
|||||
| (14,099) | |||||
| Reconciliation offunds | |||||
| Total funds brought | forward | 3,372,469 | 2,140,677 | 5,513,136 | |
| Total funds carriedi forward | 3,358,360 | 2,140,877 | 5,499,037 |
| (Registration Balance Sheet |
number: 06806357) as at 31Januairy 2022 |
|||
|---|---|---|---|---|
| 2021 | ||||
| Fixed ssests | 6 | |||
| Tangible aesets | ||||
| 6,712,269 | ||||
| Creditors: Amounts falling due within ons year Nst current assetsl(lisbgiitiss) f7tetassets |
16 15 |
287,161 ~22720 247441 |
19,079 ~(57r,204 ~55,725) |
|
| 6,969700 | 6,499,037 | |||
| Fiiricls elf this charity: | ||||
| Restricted income funds | ||||
| Restricted funds | ||||
| Unrsstrloisd income |
funds | 2,140,677 | ||
| Uni estricted funds |
| Cash flows from operating | acttvNee | |||
|---|---|---|---|---|
| Net cash income/(sxpenditure) | ||||
| Adjustments tocash flows |
from non-cash | Items | (14„099) | |
| investment income |
||||
| Working capital adjustments | (14,102) | |||
| Decrease in creditors | ||||
| Net cash flows from operating | aciM6es | {17,484) | ("i1,299) | |
| Cash flows from investing activities |
||||
| interest receivabie and similar | income | |||
| Purchase oftangible Axed assets | ||||
| (175,097) | ||||
| Net cash 8ows from investing activwes Net increase/(decreaae) in cash and cash equivalenbr Cash and cash equivalents at 1 February Cash and cash equivaients at 31January |
(175,078) 287,161 |
(3,412) (28,8'l 3) 47,892 'tQ,OTS |
| Summary ofetgni/Scant accounting paiieiea and key accounting estimates The principal accounting policies applied in the preparation efthese financial statements are set out below. These poiiciss have bean conslstentfy sppNed to all the years presented, unless otherwise stated, |
|---|
| Statement afcompttance |
| The financial statements have been prepared in accordance with Accounting. and Reporbng by Charities: Statement of Recommended Practice appfieable to chariUes pmpadng their accounts in accordance w4i the Financial Reporting Standard applicable in the UK and Republic ofireland (FRS102)(ett'ective 1 January 2015)-(Chsrtttss SQRP (FRs 102)),the Rnancial and Charities Act2011. Reporting Standard applicable ln the UK snd Republic of Ireland (FRS 102) They also comply with ge C s ' Act 2005 p i orep nies |
| Basis ofpreparation |
| Ths Emaan Trust of Sheffield meets the definition of a public benefit entity under FRS 102.Assets and liabilities are Initially recognised at histaricsi cost ortransactien value unless otheiwbie stated in the relevant accounting policy notes. The financial statements aie prepared in sterling which isthe functional currency ofthe Trust and rounded tothe nearest 21. |
| 8aing concern |
| The Trustees consider that there are na material uncertainties about the eharibj"s ability ta continue ss s going concern nor any signittcant areas ofuncertairity that affect the canying value ofassets held by the charity. |
| Income and endowments |
| AII income is recognised once the charity has entNement ta the income, it is probable that the income will be received and the amount efthe income reeeivablle can be measured ratably. |
| Donations and legacies |
| Donations are recognised when the chaifty has been notified in writing of both the amount and settiemsnt date. In the event that a donation is sgb)eet ta conditions that require a level af performance by the charity before the charity is entitled to the furlds. the income is deferred snd nat recognised until either those candiitiona are fully met, or the fuittiment Ofthese conditions is wholy within the control ofthe charity and it is probable that these conditions wili be fulfilled in the reporting period. |
| invesfrnenf inceme |
| Dividends are recagnised once the dividend has been declared and notiTicatlon has been received ofthe dMdend due. |
| Expenditure |
| All expenditure ls recognised once there is a legal or constructive obligation to that expenditure, it ls probable setdernent is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs ta that category, %here costs cannot be directiy attributed to particular headings they have been sliocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spars, and deprecladon charges allocated on the portion ofthe asset's use, Dther support costs are ailacated based on the spread ofstaff costs. |
| Raising funds |
| These sre costs incurred in attracting voluntary income, the management ofinvestments and those incurred In trading activities that raise funds, |
| Charitable expenditure comprises those costs incurred by the chadty in the delivery of its activities and services for its beneficiaries. It includes bath costs that esn be allocated diredly to such activities and these costs of an Indirect nature necessary to support them. |
| Support costa |
| Support costs include central functions and have been allocated to activity cost categories on s basis consistent with the use of resources, for example, slllecating property costs by floor areas, or per capita, staff costs by the time spent snd other casts by their usage, |
| Governance costs |
|---|
| These include the costs attdbutable to the charity's compliance with constitutional and statutory requirements, including audit, sbstegic msnagemerlt and trustees's meetings and reimbursed expenses, |
| Tsxatfon |
| The charity is consfdered to pass the tests set out in Paragraph 1 Schedufe ff ofthe Finance Act 2919and therefore it meets the deflnftfcn of 8 Charitable company for UK corporation tax purposes. Accordlngfy, the charity is potentially exempt from taxation in respect cf income or capital gains received within categwies covered by Chapter 3 Psft 11 ofthe Corporation Tsx Act 2010 or Secfion 256 of the Taxation of Chargeable Gains Act 1&92,to the extent that such inCorne Or gains are applied exclusively to charltsbfe purposes. |
| Tangiibie fixed assete |
| fndfvfdusf fixed assets costing D,090.00ol'mofe afe Initially recorded 8f,cost. |
| Depreciation and smoftisatfon |
| The fixed assets are under construction and not in use therefore no depreciation is charged. |
| Cash and cash equfvstents |
| Cash 8Ad cash equfv8ISAIS colYlpASS Cash CA hand snd csg deposits, and other short-tenn highly Iiquiid investments that are readily coAV8ftibie to 8 kACWA 8mount OfC8stl SAd 8re Sub)sot tc sA IASigAfffcant fisk ofchaAge ifl valu8. |
| Foreign exchange |
| Transactions fA forefgA currencies afe recorded at the rate of exchange at the date of the transaction. Monetary assets and fisbiliTies denominated in foreign currencies at the balance sheet date are repoited at the rates ofexchange prevsifing st that date. |
| The resufts ofoverseas operations are translated st the average rates ofexchange during the period and their balance sheets st the rates ruling at the balance sheet date. Exchange differences. Snsing on translation ofthe opening net assets and results of overseas operations are reported in other comprehensive income and accumulated In equity (attributed to non-controlling interests as appropdate). |
| Other exchange differences are recognised in the Statement ofFinsnclai Activities in the period in which they arise except for; |
| 1)8XChsng8 differences on traASSCtlons SAtefed Iflto to h8dg8 c8ftaIA fofelgA culYSAcy itsks (888sbov8)'„ |
| 2) exchange dff'ferences arising on gains or losses on AOA-monetary itema which are recognised fn other comprehensive fnccme,'8fiCI |
| 3)fn the C8se ofthe consolidated financial statements, exchange differences on monetary items receivable from or payable to 8 foieign operation for which settlement is neither planned nor likely to occur (therefore forming part ofthe net investment in the forefgn operation), which are recognfsed in other comprehensive income and reported under equity. |
| Fund structure |
| Unrestricted income funds are general funds that sre avaifsble for use at the trustees's discretion In furtherance of the objectives ofthe charity. |
| Restn'cted income funds are those donated for use in a peftlcufsr area or for specifc purposes, the use ofwhich is ress'feted to that ares or purpose, |
| Financial assets and financial liabilities are recognised when the charity becomes a party to the confrsctual provi'eions of the IAs'tfufneAt. |
| Financial iiabifities and equity instruments afe cfasslfied according to the substance of the contractual arrangemen@ entered into. An equify instrument is any contract that evidences 8 residual interest in the assets ofthe charity after deducgng all of its iiabilNes. |
| 10,661 | 12,731 |
|---|---|
| i00 | 2,199 |
| Land and | ||
|---|---|---|
| buildings | Total | |
| 6 | 6 | |
| Cost | ||
| At 1 February 2021 Additions |
5,537,162 1'75,097 |
5,537,162 175,097 |
| At31January 2022 | 5,712,259 | 5,712„259 |
| Depreciation | ||
| At 31January 2022 | ||
| ffet book value | ||
| At 31January 2022 | ||
| At 31January 2021 |