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|Report ofthe Trustees|1|to|13|
|Statement ofTrustees' Responsibihttes||14||
|Report ofthe Independent
Auditors|15|to|17|
|Statement ofFinancial Activities||18||
|Statement ofFinancial Position|19|to|20|
|Statement ofCash Flows||21||
|Notes tothe Financial Statements|22|to|33|
|Detailed Statement ofFinancial Activities|34|to|36|
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|Risks are assessed|according|according|according|to the potential|to the potential|to the potential|to the potential|impact on the|impact on the|impact on the|Charity and their likelihood ofoccurrence. Controls are|in|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|place, or are being|developed|||and enhanced|||to manage these risks. A complete strategic mview was carried out
during||||||
|the year that identified||key risks and opportunities||||||||for the Charity and the new Strategic Plan is designed
to
mitigate|||
|these risks and exploit||the|oppoitunities.||||||||||
|The principal
risks facing|||the Charity's|||objectives are summarised
below along with the main
mitigating
actions||||||in|
|place.|||||||||||||
|Principal Risks|||||||||||Risk Management||
|Raising Funds|||||||||||||
|Serious
economic|downturn|||that results|||in|a|sustained||Diverse
fundmising
base
with
investment
to
grow||
|reduction
in cash and||regular||donations.|(HIGH)||||||multiple
channels.
Strategy based on recruiting
regular
givers to improve
sustainability
ofincome.
Significant||
||||||||||||investment
and activity to chive legacy marketing.||
|Reputation|||||||||||||
|Theft
of
data.|The||consequences|||could||||include|Data is stored, accessed, and transferred
securely
and||
|reputational
damage,||||inability|||to|||contact|in line with the requirements
ofGDPR (General
Data||
|supporters/customers,||and||inability|to||process|||direct|Protection Regulations
2018).||
|debits. (HIGH)|||||||||||||
|Financial Serious|||||||||||||
|financial
I'raud|is|carried||out
against|||the|||charity.|Procurement
procedures;
dual payment
authorisation;||
|(MEDIUM)|||||||||||rigorous
bank detail
change
controls;
strong
internet
banking
security; CPD on cyber threats; segregation
of||
||||||||||||duties; and regular reconciliations.||
|Business Interruption|||||||||||||
|Regional or national
(human||||or animal)||disease||||outbreak|Business
Continuity
Plans
and Incident
Management||
|leads to extensive|closure||of|our site,|||||||processes
are well
established
and
have
been
fully||
||||||||||||tested. Many staff are able to work from home as
all||
||||||||||||systems are cloud-based or accessible remote||
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|Statement ofFinancial Activities
for the Year Ended 31March 2021||||||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|fimds|
||Notes|||8||
|INCOME AND ENDOWMENTS FROM||||||
|Donations and legacies|2|515&405|4,420|519,825|2,384,837|
|Charitable
activities||||||
|Mosque dt connnunity|||||3,12l|
|Eden project||87&898||87,898|69,428|
|Quran school||12,262||12,262|47,131|
|VCSInfi astmcture|||50,000|50,000|40,000|
|Ramadhan
project||1,713||1,713|31,381|
|Grants||388,360||388,360||
|Rental inconie||326,678||326,67S|247,475|
|Profit on sale offixed assets||136,609||136,609||
|Total||1,46&,925|54,420|1,523,345|2,823,373|
|EXPENDITURE ON||||||
|Raising funds|5|12,760|3,850|16&610|25,987|
|Charitable
activities||||||
|Mosque &cominunity||955,718||955,718|766,014|
|Quran school|||||i,530|
|VCS Infrastructure|||2,450|2,450|42,000|
|Ramadhan
project||4,664||4,664|12,739|
|Loss on sale offixed assets|||||69,913|
|Other||754||754|29,194|
|Total||973,896|6,300|980,196|947,377|
|NET INCOME||495,029|48,120|543,149|1,875,996|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||13,951,968|669,125|14&621,093|12,745,097|
|TOTAL FUNDS CARRIED FORWARD||14,446,997|717&245|15&164&242|l4 621 093|
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|Statement ofFinancial Position
31March 2021||||||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|f,|5|||
|FIXEDASSETS||||||
|Tangible assets
Investment
property|14
15|12,711,021
490,000||12,711,021
490,000|12,523,387
490,000|
|||13,201&021||13,201,021|l3,013,387|
|CURRENT ASSETS||||||
|Debtors|16|505,609||505,609|529,992|
|Cash at bank and in hand||771,700|717,245|1,488,945|1,127,470|
|||1,277,309|717,245|1,994,554|1,657,462|
|CREDITORS||||||
|Amounts
falling due within one year|17|(31433)||(31,333)|(49,756)|
|NET CURRENT ASSETS||1&245&976|717&245|1&963221|1607 706|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||14&446,997|717&245|15&164&242|14&621&093|
|NET ASSETS||14,446,997|717,245|15,164,242|14,621,093|
|FUNDS|18|||||
|Unrestricted
funds||||14&446&997|13,951,968|
|Restricted funds||||717,245|669,125|
|TOTALFUNDS||||15,164&242|14,621,093|
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|for the Year Ended 31|M|arch 202|1||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated from operations|||||522,162|2,045,947|
|Net cash provided
by operating activities|||||522,162|2,045,947|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(779,233)|(2,208,485)|
|Sale oftangible fixed assets|||||618,546|248,466|
|Net cash used in investing|activities||||(160,687}|(1,960,019)|
|Change in cash and cash|equivalents||in||||
|the reporting period|||||361,475|85,928|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||1,127,470|1,041,542|
|Cash and cash equivalents||at the end|of||||
|the reporting period|||||1,488,945|1,127,470|
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|Freehold|property|2%on building cost|
|---|---|---|
|Long leasehold||2%on cost|
|Fixtures|and fittings|20%on cost|
|Computer|equipment|20%on cost|
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|2.|DONATIONS|AND LEGACIES|AND LEGACIES||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
||Donations from|MWH Trust|||5,129|16,500|
||Donations||||514,696|2,368,337|
||||||519,$25|2,384,837|
|3.|RENTAL INCOME||||||
||||||SL3.21|31.3,20|
||Rents receivabie||||266,678|247,475|
||Rosemary Income||||60%000||
||||||326,678|247,475|
||INCOME FROM CHARITABLE ACTIVITIES||||||
||||||31.3.21|31.3.20|
||||Activity||||
||Baser Income||Mosque tk|community||1,057|
||Income from trips||Mosque k,|community||2,064|
||Eden income||Eden project||87,898|69,428|
||Tajwid Income||Quran school||3,165|14,910|
||Arabic School||Quran school||2,150|12,415|
||Quran School||Quran school||6,947|18,910|
||Books sale||Quxan school|||896|
||VCF Grant||VCS Infrastructure||50)000|40,000|
||Ramadhan
Sponsorship||Ramadhan|project|1,713|31,381|
||Grants||Grants||388860||
||||||540,233|191,061|
||Grants received,|included|in the above, are|as follows;|||
||||||31.3.21|31.3.20|
||HMRC JRSGrants||||142,233||
||HMRC Council|Grants|||35,000||
||Other Charitable|Covid Grants|||211,127||
||||||388,360||
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|RAISINC FUNDS|RAISINC FUNDS|||||||
|---|---|---|---|---|---|---|---|
|Raising donations||and|legacies|||||
|||||||31.3.21|31.3.20|
||||||||f,|
|Just giving|expense|||||216|216|
|Zakstul Fitry||||||3,850|3,900|
|||||||4,066|4,i16|
|Investnrent|management||costs|||||
|||||||31.3.21|31.3.20|
|||||||8||
|Council Tax&Service Charges||||||6,816|18,900|
|Property manage)neat||||||5,728|2,971|
|||||||12)544|21,87i|
|Aggregate|amounts|||||16,610|25,987|
|CHARITAIILE ACTIVITIES COSTS||||||||
||||||Cn'ant|||
||||||funding of|||
||||||activities|Support||
|||||Direct|(seenote|costs (see||
|||||Costs|7)|note 8)|Totals|
|Mosque &|conunuuity|||758,476|11,979|185,263|955,718|
|VCS Infrasnucture||||2,450|||2,450|
|Ramadhau|project|||4,664|||4,664|
|||||765,590|11,979|185,263|962)832|
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|7.|GRANTS PAYABLE||||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.21|31.3.20|
||Mosque
&tb community||||||11,979||
|8.|SUPPORT COSTS||||||||
||||||||Governance||
||||||Management|Finance|costs|Totals|
|||||||f,|||
||Mosque dr community||||165,951|1,762|17&550|185,263|
|9.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)|is|stated after charging/(crediting):||||||
||||||||31.3.21|31.3.20|
||Depreciation - owned assets||||||109,662|100,208|
||Other operating leases|||||||12,331|
||Surplus/(deficit)
on disposal||offixed|assets|||(136,609)|69,913|
|10.|AUDITORS' REMUNERATION||||||||
||||||||31.3.21|31.3.20|
||||||||g||
||Fees payable to the charity's||auditors|and their|associates for the|audit of|||
||thechsrity's
financial statements||||||3,500|3,500|
||Auditors'
remuneration|for non audit||work|||3,400|3,400|
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|||31.3.21|31.3.20|
|---|---|---|---|
|Wages|and salaries|382,893|382,079|
|Social|security costs|17,609|19,722|
|Other|pension costs|2,525|1,918|
|||403,027|403,719|
|The aver|age|monthly
|nu|mber ofemployees
during tbe year was|as follows:||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|Engaged|on|charitable|activities||27|32|
|Engaged|on|management||and administration|8|8|
||||||35|40|
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|13.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
||||6|f.|
||INCOME AND ENDOWMENTS FROM
Donations and legacies|294,910|2,089,927|2,384,837|
||Charitable
activities||||
||Mosque &community
Eden project
Quran school
VCS Infrastructure
Ramadban project|3,121
69,428
47,131
31,381|40,000|3,121
69,428
47,131
40,000
31,381|
||Rental income|247,475||247,475|
||Total|693,446|2,129,927|2,823,373|
||EXPKNDITURKON
Raising funds|22,087|3,900|25,987|
||Charitable
activities
Mosque &couununity
Quran school
VCS Infrastructure
Ramsdhan
project
Loss on sale offixed assets|765,267
1,530
12,739
69,913|747
42,000|766,014
1,530
42,000
12,739
69,913|
||Other|29,194||29,194|
||Total|900,730|46,647|947,377|
||NKT INCOME/(EXPENDITURE)|(207,284)|2,083,280|1,875,996|
||Transfers between funds|2,085,280|(2,085,280)||
||Net movement
in funds|1,877,996|(2,000)|1,875,996|
||RECONCILIATION
OF FUNDS||||
||Total funds brought forward|12,073,972|671,125|12,745,097|
||TOTAL FUNDS CARRIED FORWARD|13,951,968|669,125|14,621,093|
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|The investment
properties
are stated at their fair value determined|by nustees.||
|---|---|---|
|DEBTORS|||
||31.3,21
f|31.3.20|
|Amounts
falling due within one year:|||
|Trade debtom|24&039|57,818|
|Other debtors|289,366|285,545|
|P repayments|14,204|8,629|
||327&609|351,992|
|Amounts
falling due after more than one year:|||
|Other debtors|178,000|178,000|
|Aggregate
amounts|505,609|529,992|
##
|CREDITORS|: AMOUNTS FALLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Trade creditors|||10,345|12,002|
|Social security|and other taxes||2,658|7,644|
|Pensions fund||||779|
|Other creditors|||9,540|9,540|
|Accrued expenses|||8)790|19,791|
||||31)333|49,756|
|MOVEMENT|IN FUNDS||||
||||Net||
||||movement|At|
|||At I/4/20|in funds|31/3/21|
|Unrestricted
funds|||||
|General fund||13)t19,445|495,029|14,414,474|
|Revaluation
rese)ve||32,523||32,523|
|||13)151)968|495,029|14)446)997|
|Restricted funds|||||
|Restricted fund||669,125|48,120|717,245|
|TOTAL FUNDS||14,621,093|543,149|15,164,242|
|Net movement|in funds, included in tbe above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|General fund||1,468)925|(973,896)|495,029|
|Restricted funds|||||
|Restricted fund||54,420|(6,300)|48,120|
|TOTAL FUNDS||1,523,345|(980,196)|543,149|
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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/4/19|in funds|funds|31/3/20|
||||||f||
|Unrestricted|funds||||||
|General fund|||12,041,449|(207,284)|2,085,280|13,919,445|
|Revaluation|reserve||32,523|||32,523|
||||12,073,972|(207,284)|2,085,280|13,951,968|
|Restricted funds|||||||
|Restricted fund|||671,125|2,083380|(2,085,280)|669,125|
|TOTAL FUNDS|||12,745,097|1,875,996||14,621,093|
|Comparative|net movement|in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
||||||6||
|Unrestricted|funds||||||
|General
fund||||693,446|(900,730)|(207,284)|
|Restricted funds|||||||
|Restricted fund||||2,129,927|(46,647)|2,083,280|
|TOTAL FUNDS||||2,823,373|(947,377)|1,875,996|
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|RECONCILIATION
OFNET INCOME TONET CASH FLOW FR|OM OPERATING|C~8|
|---|---|---|
||31.3.21|31.3.20|
|Net income for the reporting period (asper the Statement of
Financial Activities)|543,149|1,875,996|
|Adjustments
for;|||
|Depreciation
charges|109,662|i00,208|
|(Profit)/loss
on disposal offixed assets|(136,609)|69,913|
|Decrease/(increase)
in debtors|24&383|(25,173)|
|(Decrease)/increase
in creditors|(18,423)|25 003|
|Netcashprovidedby operations|522,162|2,045,947|
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|for the Year End|ed 31March 2021|||
|---|---|---|---|
|||31.3.21|31.3.20|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations &om MWH Trust||5,129|16,500|
|Donations||514,696|2,368,337|
|||519,825|2,384,837|
|Rental income||||
|Rents receivable||266)678|247,475|
|Rosemary Income||60,000||
|||326,678|247,475|
|Charitable
acth ities||||
|Grants||388,360||
|VCF Grant||50,000|40,000|
|Tajwid Income||3,165|14,910|
|Arabic School||2,150|12,415|
|@aran School||6,947|18,910|
|Rsmadhan
Sponsorship||1)713|31,381|
|Eden income||87,898|69,428|
|Books sale|||896|
|Bazar Income|||1,057|
|Income from trips|||2,064|
|||540)233|191,061|
|Profit on sale offixed assets||||
|Gain on sale oftangible fixed assets||136,609||
|Total incoming resources||1,523,345|2,823,373|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Just giving expense||216|216|
|Zakatui Piiry||3,850|3,900|
|||4,066|4,116|