CHARITY REGISTRATION NUMBER: 1145311
SOUTH ESSEX ISLAMIC TRUST Unaudited Financial Statements
31 March 2022
SOROBAN ACCOUNTANTS
Chartered Certified Accountants 180 London Road Romford, Essex RM7 9EU
SOUTH ESSEX ISLAMIC TRUST
Financial Statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 16 |
Page 1
SOUTH ESSEX ISLAMIC TRUST
Trustees' Annual Report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name SOUTH ESSEX ISLAMIC TRUST Charity registration number 1145311 Principal address South Essex Islamic Trust High Road Vange Basildon SS16 4ND The trustees DR M A AYUB - Chairman (Appointed 17 October 2021) M RAFIQ MOHAMMED YAQUB SALIM WALI IBRAHIM NISHAD NAZIRUDEEN H RAFIQ Dr USMAN BELLO BUHARI (Resigned 21 November 2021) Independent examiner M A NADEEM - FCCA 180 London Road Romford, Essex RM7 9EU
The trustees
Structure, governance and management
Governing Document
The organisation was registered as a Charity on 06th January 2012 with a declaration of trust dated 15th December 2011 outlining the administration, objects and powers of the charity. The organisation has a constitution which has been amended over the years by means of a number of resolutions passed by the members. The charity's trustees are responsible for the preparation of financial statements in accordance with the Charities Act 2011, Induction and training of new trustees. Newly appointed trustees are provided with a trustees' pack, the Charity Commission guide 'the Essential Trustee' and , financial report, annual report and any strategic and operational plans.
Organisational Structure
The Board of Trustees / Management Committee currently has a total of 6 people. The Trustees are elected every three years by the members. The Board / Management Committee meets regularly at least monthly and more frequently if required. Sub groups are set up as needed to progress specific pieces of work. Recommendations are reported to the full Board meeting for decision. The Board is responsible for the strategic direction and policy of the organisation and for robust governance and rigorous financial management. The Board / Management Committee have a Chairman, Vice Chairman, Secretary and Treasurer as specific office bearers. Sub committees consist of any of the trustees, depending on their individual area of expertise, strength or interest.
Page 2
SOUTH ESSEX ISLAMIC TRUST
Trustees' Annual Report (continued)
Year ended 31 March 2022
Objectives and activities
The trustees must apply the income of the charity in furthering the following objects: 1) to advance the education of the public by providing classes for the teaching of the Quran, Islamic education and Arabic lessons; 2) to enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups; and 3) the relief of financial need and suffering among victims of natural or other kinds of disaster.
Achievements and performance
The organisation has provided religious facilities for prayers. The organisation has provided after sunday school provision for children from the local area; this includes development of their religious understanding of Islam and other religions, academic studies and sporting and leisure opportunities.
Financial review
The result for the year are shown on page 'Statement of financial Activities'. The progress during the year and the position at the year-end is considered to be satisfactory. The receipts received for the running of the Centre is donations from public.
The trustees' annual report was approved on 28 January 2023 and signed on behalf of the board of trustees by:
…………………………………….
H RAFIQ Trustee
Page 3
SOUTH ESSEX ISLAMIC TRUST
Independent Examiner's Report to the Trustees of SOUTH ESSEX ISLAMIC TRUST
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of SOUTH ESSEX ISLAMIC TRUST ('the charity') for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable 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.
M A NADEEM - FCCA Independent Examiner
180 London Road Romford, Essex RM7 9EU
28 January 2023
Page 4
SOUTH ESSEX ISLAMIC TRUST
Statement of Financial Activities
Year ended 31 March 2022
| Year ended 31 March 2022 | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 214,269 | 70 | 214,339 | 39,382 |
| -------------------------------- | -------------- | -------------------------------- | ---------------------------- | ||
| Total income | 214,269 | 70 | 214,339 | 39,382 | |
| ================================ | ============== | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 5 | – | 70 | 70 | 259 |
| Expenditure on charitable activities | 6 | 6,076 | – | 6,076 | 5,020 |
| -------------------------------- | -------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | 6,076 | 70 | 6,146 | 5,279 | |
| ================================ | ============== | ================================ | ============================ | ||
| -------------------------------- | -------------- | -------------------------------- | ---------------------------- | ||
| Net income and net movement in | funds | 208,193 | – | 208,193 | 34,103 |
| ================================ | ============== | ================================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 416,771 | – | 416,771 | 382,668 | |
| -------------------------------- | -------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 624,964 | – | 624,964 | 416,771 | |
| ================================ | ============== | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
SOUTH ESSEX ISLAMIC TRUST
Statement of Financial Position
31 March 2022
| 31 March 2022 | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 11 | 640,985 | 491,231 |
| Current assets | |||
| Debtors | 12 | 44,072 | 1,790 |
| Cash at bank and in hand | 50,907 | 49,750 | |
| ---------------------------- | ---------------------------- | ||
| 94,979 | 51,540 | ||
| ---------------------------- | ---------------------------- | ||
| Net current assets | 94,979 | 51,540 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 735,964 | 542,771 | |
| Creditors: amounts falling due after more than one year | 13 | 111,000 | 126,000 |
| -------------------------------- | -------------------------------- | ||
| Net assets | 624,964 | 416,771 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 624,964 | 416,771 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 14 | 624,964 | 416,771 |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 28 January 2023, and are signed on behalf of the board by:
………………………………………..
H RAFIQ Trustee
The notes on pages 7 to 13 form part of these financial statements.
Page 6
SOUTH ESSEX ISLAMIC TRUST
Statement of Cash Flows
| Statement of Cash Flows | ||
|---|---|---|
| Year ended 31 March 2022 | ||
| 2022 | 2021 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 208,193 | 34,103 |
| Changes in: | ||
| Trade and other debtors | (42,282) | (1,790) |
| Trade and other creditors | (15,000) | (17,000) |
| -------------------------------- | ---------------------------- | |
| Cash generated from operations | 150,911 | 15,313 |
| -------------------------------- | ---------------------------- | |
| Net cash from operating activities | 150,911 | 15,313 |
| ================================ | ============================ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (149,754) | (33,815) |
| -------------------------------- | ---------------------------- | |
| Net cash used in investing activities | (149,754) | (33,815) |
| ================================ | ============================ | |
| Net increase/(decrease) in cash and cash equivalents | 1,157 | (18,502) |
| Cash and cash equivalents at beginning of year | 49,750 | 68,252 |
| ---------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 50,907 | 49,750 |
| ============================ | ============================ |
The notes on pages 7 to 13 form part of these financial statements.
Page 7
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is South Essex Islamic Trust, High Road, Vange, Basildon, SS16 4ND.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 8
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 9
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Page 10
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 213,519 | – | 213,519 | ||
| Fitra | – | 70 | 70 | ||
| Other donations and legacies | |||||
| Donated examination fee | 750 | – | 750 | ||
| -------------------------------- | -------------- | -------------------------------- | |||
| 214,269 | 70 | 214,339 | |||
| ================================ | ============== | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 38,373 | – | 38,373 | ||
| Fitra | – | 259 | 259 | ||
| Other donations and legacies | |||||
| Donated examination fee | 750 | – | 750 | ||
| ---------------------------- | -------------- | ---------------------------- | |||
| 39,123 | 259 | 39,382 | |||
| ============================ | ============== | ============================ | |||
| 5. | Costs of raising donations and legacies | ||||
| Restricted | Total Funds | Restricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and | |||||
| legacies - Donations | 70 | 70 | 259 | 259 | |
| ============== | ============== | ============== | ============== |
Page 11
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
6. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Mosque activities | 5,326 | – | 5,326 | 4,270 |
| Governance costs | – | 750 | 750 | 750 |
| ----------------------- | -------------- | ----------------------- | ----------------------- | |
| 5,326 | 750 | 6,076 | 5,020 | |
| ======================= | ============== | ======================= | ======================= | |
| Net income | ||||
| Net income is stated after charging/(crediting): | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Fees payable for the examination of the financial statements | 750 | 750 | ||
| ============== | ============== | |||
| Independent examination fees | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 750 | 750 | ||
| ============== | ============== |
7. Net income
8. Independent examination fees
9. Staff costs
The average head count of employees during the year was Nil (2021: 5). The average number of full-time equivalent employees during the year is analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Number of Imam | 1 | 1 |
| Number of Administrative volunteer | 5 | 4 |
| -------------- | -------------- | |
| 6 | 5 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
10. Trustee remuneration and expenses
During the year the Charity was under the control of Trustees and Management Committee members as listed on page 1. None of the Trustee or Management Committee member were remunerated or paid any expense. However, they used the facilities offered by the Charity for performance of their religious duties like other members of the Muslim community.
Page 12
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
11. Tangible fixed assets
| Freehold | |
|---|---|
| property | |
| £ | |
| Cost | |
| At 1 April 2021 | 491,231 |
| Additions | 149,754 |
| -------------------------------- | |
| At 31 March 2022 | 640,985 |
| ================================ | |
| Depreciation | |
| At 1 April 2021 and 31 March 2022 | – |
| ================================ | |
| Carrying amount | |
| At 31 March 2022 | 640,985 |
| ================================ | |
| At 31 March 2021 | 491,231 |
| ================================ |
Title deeds relating to property (Barge Inn, High Road, Vange, Basildon, Essex SS16 4ND) is registered in the name of Charity and are held by the Trustees on behalf of the Charity.
12. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 1,000 | 1,790 |
| Other debtors | 43,072 | – |
| ---------------------------- | ----------------------- | |
| 44,072 | 1,790 | |
| ============================ | ======================= | |
| Creditors: amounts falling due after more than one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Other creditors – Interest free Loan | 111,000 | 126,000 |
| ================================ | ================================ |
13. Creditors: amounts falling due after more than one year
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 March | 20 | ||||
| 1 | April 2021 | Income | Expenditure | 22 | ||
| £ | £ | £ | £ | |||
| General funds | 416,771 | 214,269 | (6,076) | 624,964 |
||
| ================================ | ================================ | ======================= | ================================ | |||
| At | ||||||
| At | 31 March | 20 | ||||
| 1 | April 2020 | Income | Expenditure | 21 | ||
| £ | £ | £ | £ | |||
| General funds | 382,668 | 39,123 | (5,020) | 416,771 |
||
| ================================ | ============================ | ======================= | ================================ |
Page 13
SOUTH ESSEX ISLAMIC TRUST
Notes to the Financial Statements (continued)
Year ended 31 March 2022
14. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 20 | |||
| 1 April 2021 | Income | Expenditure | 22 | |
| £ | £ | £ | £ | |
| Restricted Fund | – | 70 | (70) | – |
| ============== | ============== | ============== | ============== | |
| At | ||||
| At | 31 March 20 | |||
| 1 April 2020 | Income | Expenditure | 21 | |
| £ | £ | £ | £ | |
| Restricted Fund | – | 259 | (259) | – |
| ============== | ============== | ============== | ============== | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 640,985 | 640,985 | ||
| Current assets | 94,979 | 94,979 | ||
| Creditors greater than 1 year | (111,000) | (111,000) |
||
| -------------------------------- | -------------------------------- | |||
| Net assets | 624,964 | 624,964 | ||
| ================================ | ================================ | |||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Tangible fixed assets | 491,231 | 491,231 | ||
| Current assets | 51,540 | 51,540 | ||
| Creditors greater than 1 year | (126,000) | (126,000) |
||
| -------------------------------- | -------------------------------- | |||
| Net assets | 416,771 | 416,771 | ||
| ================================ | ================================ | |||
| Analysis of changes in net debt | ||||
| At | ||||
| At 1 Apr 2021 | Cash flows | 31 Mar 2022 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 49,750 | 1,157 | 50,907 | |
| ============================ | ======================= | ============================ |
15. Analysis of net assets between funds
16. Analysis of changes in net debt
Page 14
SOUTH ESSEX ISLAMIC TRUST
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
Page 15
SOUTH ESSEX ISLAMIC TRUST
Detailed Statement of Financial Activities
Year ended 31 March 2022
| Year ended 31 March 2022 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 213,519 | 38,373 |
| Fitra | 70 | 259 |
| Donated examination fee | 750 | 750 |
| -------------------------------- | ---------------------------- | |
| 214,339 | 39,382 | |
| -------------------------------- | ---------------------------- | |
| -------------------------------- | ---------------------------- | |
| Total income | 214,339 | 39,382 |
| ================================ | ============================ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Fitra | 70 | 259 |
| -------------------------------- | ---------------------------- | |
| Expenditure on charitable activities | ||
| Rent | 3,024 | 1,531 |
| Light and heat | 274 | 296 |
| Repairs and maintenance | – | 713 |
| Insurance | 2,028 | 1,730 |
| Legal and professional fees | 750 | 750 |
| ----------------------- | ----------------------- | |
| 6,076 | 5,020 | |
| ----------------------- | ----------------------- | |
| ----------------------- | ----------------------- | |
| Total expenditure | 6,146 | 5,279 |
| ======================= | ======================= | |
| -------------------------------- | ---------------------------- | |
| Net income | 208,193 | 34,103 |
| ================================ | ============================ |
Page 16
SOUTH ESSEX ISLAMIC TRUST
Notes to the Detailed Statement of Financial Activities
| Year ended 31 March 2022 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies - Donations | ||
| Fitra | 70 | 259 |
| -------------- | -------------- | |
| -------------- | -------------- | |
| Costs of raising donations and legacies | 70 | 259 |
| ============== | ============== | |
| Expenditure on charitable activities | ||
| Mosque activities | ||
| Activities undertaken directly | ||
| Rent | 3,024 | 1,531 |
| Light & heat | 274 | 296 |
| Repairs & maintenance | – | 713 |
| Insurance | 2,028 | 1,730 |
| ----------------------- | ----------------------- | |
| 5,326 | 4,270 | |
| ----------------------- | ----------------------- | |
| Governance costs | ||
| Governance costs - examination fee | 750 | 750 |
| -------------- | -------------- | |
| ----------------------- | ----------------------- | |
| Expenditure on charitable activities | 6,076 | 5,020 |
| ======================= | ======================= |