|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||| ##