Charity registration number: 1143153
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Annual Report and Financial Statements
for the Year Ended 31 March 2021
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 17 |
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Reference and Administrative Details
Trustees Mr Zafar Iqbal Mr Rahil Younis Mr Asjad Mahmood Charity Registration Number 1143153 Principal Office 230-240 Waterloo Street Oldham OL4 1ES Auditor Riaz Ahmad & Co Limited Registered Auditors Lord House 51 Lord Street Manchester M3 1HE Bankers Lloyds TSB Bank plc 16 Market Place Oldham OL1 1JG
Page 1
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.
Objectives and activities
Objects and aims
The Charity's sole objective is to operated the mosque and provide religeous education forthe local community.
Fundraising disclosures
All funds raised are from individual members of the community and chargingfor fees for arabic classes.
Public benefit
The Charity operates a mosque for the benefit of th elocal population. It provides a place of worship and education facility for religeous education. The prayers are held fivetimes a days as well as Eids, Funerals etc. We also hold special functions to mark religeous events such as Eid Milad Nabi.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Social investment policies
By investing inthe religeous education, we intend to raise moral values in the society, reduce crime and strenghten cohesiveness.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
The charity does not make any grant to any individual or organisation.
Structure, governance and management
Nature of governing document
The Charity is governed by the Constitution which was agreed at srtart of the Charity and worked well so far without any need for anyamendment.
Recruitment and appointment of trustees
Trustees are appointed from th emembership and volunteers. The membership agrees any new or additional trustees.
Induction and training of trustees
Trustees are chosed for their years of vluntary service with th echarity and require very little training. Induction is arranged for Statutory, Financial and Safeguarding responsibilities.
Arrangements for setting key management personnel remuneration
Trustees do notreceive any remuneration. No expenses have been reimbursed either.
Organisational structure
The Charityhas a simple organisation structore with trustees in control with no heirarchical structure.
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Trustees' Report
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on 22 February 2022 and signed on its behalf by:
......................................... Mr Asjad Mahmood Trustee
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 22 February 2022 and signed on its behalf by:
......................................... Mr Asjad Mahmood Trustee
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Independent Examiner's Report to the trustees of AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
I report to the trustees on my examination of the accounts of AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Riaz Ahmad Registered Auditors
Lord House 51 Lord Street Manchester M3 1HE
22 February 2022
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Statement of Financial Activities for the Year Ended 31 March 2021
| Note Income and Endowments from: Donations and legacies Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 Note Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Raising funds Charitable activities Other expenditure 6 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 74,911 74,911 (59,965) (18,990) (78,955) (4,044) (4,044) 938,057 934,013 Unrestricted funds £ 85,294 2,960 88,254 (58,590) (17,113) (2,253) (77,956) 10,298 10,298 927,758 938,056 |
Total 2021 £ 74,911 |
|---|---|---|
| 74,911 | ||
| (59,965) (18,990) |
||
| (78,955) | ||
| (4,044) | ||
| (4,044) 938,057 |
||
| 934,013 | ||
| Total 2020 £ 85,294 2,960 |
||
| 88,254 | ||
| (58,590) (17,113) (2,253) |
||
| (77,956) | ||
| 10,298 | ||
| 10,298 927,758 |
||
| 938,056 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 15.
The notes on pages 8 to 17 form an integral part of these financial statements. Page 6
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
(Registration number: 1143153) Balance Sheet as at 31 March 2021
| Note Fixed assets Tangible assets 12 Current assets Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 15 |
2021 £ 888,604 45,908 (499) 45,409 934,013 934,013 934,013 |
2020 £ 890,857 47,699 (500) |
|---|---|---|
| 47,199 | ||
| 938,056 | ||
| 938,056 | ||
| 938,056 |
The financial statements on pages 6 to 17 were approved by the trustees, and authorised for issue on 22 February 2022 and signed on their behalf by:
......................................... Mr Zafar Iqbal Trustee
The notes on pages 8 to 17 form an integral part of these financial statements. Page 7
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
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.
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 that 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.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
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 £0.00 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:
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. Interest-bearing 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's discretion in furtherance of the objectives of the charity.
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.
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from donations and legacies
| Regular giving and capital donations Total for 2021 Total for 2020 |
Unrestricted funds General £ 74,911 74,911 85,294 |
Total funds £ 74,911 |
|---|---|---|
| 74,911 | ||
| 85,294 |
3 Other income
Total funds £
4 Expenditure on raising funds
a) Costs of trading activities
| Note Costs of goods sold Total for 2021 Total for 2020 |
Unrestricted funds General £ 59,965 59,965 58,590 |
Total funds £ 59,965 |
|---|---|---|
| 59,965 | ||
| 58,590 |
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
| 5 Expenditure on charitable activities Note Governance costs Total for 2020 |
Unrestricted funds General £ 18,990 17,113 |
Total costs £ Total funds £ 18,990 |
|---|---|---|
| 17,113 |
Total expenditure £
| 6 Other expenditure Note Total for 2021 Total for 2020 7 Analysis of governance and support costs Governance costs Audit fees Other fees paid to auditors Depreciation, amortisation and other similar costs Other governance costs Total for 2021 Total for 2020 |
Unrestricted funds General £ - 2,253 Unrestricted funds General £ 500 2,253 16,237 18,990 17,113 |
Total funds £ - |
|---|---|---|
| 2,253 | ||
| Total funds £ 500 2,253 16,237 |
||
| 18,990 | ||
| 17,113 |
8 Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
Page 13
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
Depreciation of fixed assets
2021 £ 2,253
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
10 Auditors' remuneration
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
| 12 Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Cost At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year Other creditors Accruals |
Land and buildings £ 876,610 |
Furniture and equipment £ 22,534 22,534 8,287 2,253 10,540 11,994 14,247 2021 £ 9,491 36,417 45,908 2021 £ (1) 500 499 |
Total £ 899,144 899,144 8,287 2,253 10,540 888,604 890,857 2020 £ 15,511 32,188 |
||
| 876,610 | 22,534 | ||||
| - - |
8,287 2,253 |
||||
| - | 10,540 | ||||
| 876,610 | 11,994 | ||||
| 876,610 | 14,247 | ||||
| 2021 £ 9,491 36,417 45,908 2021 £ (1) 500 499 |
|||||
| 47,699 | |||||
| 2020 £ - 500 |
|||||
| 500 |
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
15 Funds
| 15 Funds | |||
|---|---|---|---|
| Balance at 1 April 2020 £ Unrestricted funds General 938,057 Balance at 1 April 2019 £ Unrestricted funds General 927,758 16 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets 17 Analysis of net funds Cash at bank and in hand Net debt |
Incoming resources £ 74,911 Incoming resources £ 88,254 |
Resources expended £ (78,955) Resources expended £ (77,956) Unrestricted funds General £ 888,604 45,908 (499) 934,013 Unrestricted funds General £ 890,857 47,699 (500) 938,056 At 1 April 2020 £ 47,699 47,699 |
Balance at 31 March 2021 £ 934,013 |
| Balance at 31 March 2020 £ 938,056 |
|||
| Total funds at 31 March 2021 £ 888,604 45,908 (499) |
|||
| 934,013 | |||
| Total funds at 31 March 2020 £ 890,857 47,699 (500) |
|||
| 938,056 | |||
| At 31 March 2021 £ 47,699 47,699 |
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AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Notes to the Financial Statements for the Year Ended 31 March 2021
| Cash at bank and in hand Net debt |
At 1 April 2019 £ 56,839 56,839 |
At 31 March 2020 £ 56,839 |
|---|---|---|
| 56,839 |
Page 17
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Statement of Financial Activities by fund for the Year Ended 31 March 2021
| Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2021 £ 74,911 - 74,911 (59,965) (18,990) - (78,955) (4,044) (4,044) 938,057 934,013 |
Total Unrestricted Funds 2020 £ 85,294 2,960 |
|---|---|---|
| 88,254 | ||
| (58,590) (17,113) (2,253) |
||
| (77,956) | ||
| 10,298 | ||
| 10,298 927,758 |
||
| 938,056 |
This page does not form part of the statutory financial statements. Page 18
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Income and Endowments from: Donations and legacies (analysed below) Other income (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 74,911 - 74,911 (59,965) (18,990) - (78,955) (4,044) (4,044) 938,057 934,013 |
Total 2020 £ 85,294 2,960 |
|---|---|---|
| 88,254 | ||
| (58,590) (17,113) (2,253) |
||
| (77,956) | ||
| 10,298 | ||
| 10,298 927,758 |
||
| 938,056 |
This page does not form part of the statutory financial statements. Page 19
AL-MADINA JAMIA MASJID ISLAMIC EDUCATIONAL & CULTURAL CENTRE
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Donations and legacies Committed giving Other income Other income Raising funds Purchases Direct costs Charitable activities Rent Water rates Light, heat and power Insurance Repairs and renewals Telephone and fax Printing, postage and stationery Trade subscriptions Sundry expenses Cleaning Travel and subsistence Accountancy fees Bank charges Depreciation of fixtures and fittings Other expenditure Depreciation of fixtures and fittings |
Total 2021 £ 74,911 74,911 - - (1,000) (58,965) (59,965) (14) (1,382) (10,281) (2,103) (413) (507) (67) (465) - (804) - (500) (201) (2,253) (18,990) - - |
Total 2020 £ 85,294 |
|---|---|---|
| 85,294 | ||
| 2,960 | ||
| 2,960 | ||
| (3,060) (55,530) |
||
| (58,590) | ||
| (32) (860) (9,913) (1,782) - (291) (1,185) (465) (440) (758) (550) (500) (337) - |
||
| (17,113) | ||
| (2,253) | ||
| (2,253) |
This page does not form part of the statutory financial statements. Page 20