| Contents ofthe Financial Statements |
|---|
| for the Year Ended 31March 2021 |
| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | ||||
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 5 | to | 8 | |
| Detailed Statement ofFinancial Activities |
| Tawheed I | slamic Educ | ation Centre ofMaidenh | ead CIO |
||
|---|---|---|---|---|---|
| Statement | ofFinancial | Activities | |||
| for the Year Ended 31 | March 2021 | ||||
| 31.3.21 | 31.3.20 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 442,517 | 469,520 | ||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Donations | and aid | 17,368 | 5,232 | ||
| Other | 12,570 | 31,891 | |||
| Total | 29,938 | 37,123 | |||
| NET INCOME | 412,579 | 432,397 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 1,768,524 | 1,336,127 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,181,103 | 1,768,524 |
| 31.3.21 | 31.3.20 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | fllnds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 2,035,205 | 1,462,862 | ||
| CURRENT ASSETS | ||||
| Cash at bank | 146,458 | 306,222 | ||
| CREDITORS | ||||
| Amounts falling due within |
one year | (560) | (560) | |
| NET CURRENT ASSETS | 145,898 | 305,662 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 2,181,103 | 1,768,524 | ||
| NET ASSETS | 2,181,103 | 1,768,524 | ||
| FUNDS | ||||
| Unrestricted funds |
2,181,103 | 1,768,524 | ||
| TOTAL FUNDS | 2,181,103 | 1,768,524 |
| Notes to the Financial Statements |
Notes to the Financial Statements |
Notes to the Financial Statements |
-continued | -continued | |
|---|---|---|---|---|---|
| for the Year Ended 31March | 2021 | ||||
| 3. | COMPARATIVKS FOR | THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestncted | |||||
| fund | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
469,520 | ||||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Donations and aid |
5,232 | ||||
| Other | 31,891 | ||||
| Total | 37,123 | ||||
| NET INCOME | 432,397 | ||||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 1,336,127 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,768,524 | ||||
| 4. | TANGIBLE FIXED | ASSETS | |||
| Freehold | |||||
| property | |||||
| COST | |||||
| At 1 April 2020 | 1,462,862 | ||||
| Additions | 572,343 | ||||
| At 31March 2021 | 2,035,205 | ||||
| NKT BOOK VALUE | |||||
| At 31March 2021 | 2,035,205 | ||||
| At 31 March 2020 | 1,462,862 |
| 5. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING DUE | FALLING DUE | FALLING DUE | WITHIN ONE YEAR | 31.3.21 | 31.3.20 |
|---|---|---|---|---|---|---|---|---|
| Other creditors | 560 | 560 | ||||||
| 6. | MOVEMENT IN FUNDS | |||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.20 | in funds | 31.3.21 | ||||||
| Unrestricted | funds | |||||||
| General fund | 1,768,524 | 412,579 | 2,181,103 | |||||
| TOTAL FUNDS | 1,768,524 | 412,579 | 2,181,103 | |||||
| Net movement | in funds, included | in the above | are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 442,517 | (29,938) | 412,579 | |||||
| TOTAL FUNDS | 442,517 | ~29,938) | 412,579 | |||||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| movement | At | |||||||
| At 1.4.19 | in funds | 31.3.20 | ||||||
| Unrestricted | funds | |||||||
| General fund | 1,336,127 | 432,397 | 1,768,524 | |||||
| TOTAL FUNDS | 1,336,127 | 432,397 | 1,768,524 | |||||
| Comparative | net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 469,520 | (37,123) | 432,397 | |||||
| TOTAL FUNDS | 469,520 | ~37,123) | 432,397 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.21 | ||
| Unrestricted | funds | |||
| General fund | 1,336,127 | 844,976 | 2,181,103 | |
| TOTAL FUNDS | 1,336,127 | 844,976 | 2,181,103 |
| A current yea as follows: |
r 12months and prior year 12 |
months combined net movement in |
funds, included i |
n the above |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| f. | ||||
| Unrestricted | funds | |||
| General fund | 912,037 | (67,061) | 844,976 | |
| TOTAL FUNDS | 912,037 | ~67,061) | 844,976 |
| Detailed Statement ofFinancial Activities hYEnded31March2021 |
||
|---|---|---|
| or te ear | 31.3.21 | 31.3.20 |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies Donations Masjid building donations |
95,490 347,027 |
82,154 387,366 |
| 442,517 | 469,520 | |
| Total incoming resources |
442,517 | 469,520 |
| EXPENDITURE | ||
| Charitable activities |
||
| Grants to institutions | 5,000 | 550 |
| Support costs | ||
| Management Rates and water |
3,339 | 2,110 |
| Insurance | 2,567 | 895 |
| Light and heat Repairs and renewals |
5,208 654 |
1,077 |
| 11,76& | 4,082 | |
| Other | ||
| Wages Staff accommodation |
12,070 | 11,231 12,500 |
| Rent- Temporary premises |
500 | 8,160 |
| 12,570 | 31,891 | |
| Governance costs |
||
| Accountancy and legal fees |
600 | 600 |
| Total resources expended | 29,938 | 37,123 |
| Net income | 412,579 | 432,397 |