The Charity Registration Number is :- 1167242
AYLESBURY VALE ISLAMIC CENTRE
Report and Accounts
31 March 2021
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Report and accounts for the year ended 31 March 2021**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||5|
|**Independent Accountant's Report**||6|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8|
|Statement of Financial Activities - Prior Year statement||9|
|Movements in funds||10|
|Income and Expenditure account||11|
|Summary of funds||11|
|**Balance sheet**||12|
|**Cash flow statement**||13|
|**Notes to the accounts**||14|
## **AYLESBURY VALE ISLAMIC CENTRE Trustees' Annual Report for the year ended 31 March 2021**
The Trustees present their Report and Accounts for the year ended 31 March 2021.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- AYLESBURY VALE ISLAMIC CENTRE
The charity is also known by its operating name, Aylesbury Vales Islamic Centre
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1167242
## _**Legal structure of the charity**_
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
## The Governing Document is dated 19 April 2016
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
**The principal operating address, telephone number, email and web addresses of the charity are:-**
201 Prince Rupert Drive Aylesbury HP19 9DF
## **The Trustees in office on the date the report was approved were:-**
Mr Amir Ilyas, Mr Rory Anthony Jason Collymore (appointed on 08/07/2020), and Mr Zahangir Allama (appointed on 18/06/2020).
1
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Trustees' Annual Report for the year ended 31 March 2021**
## **The following persons served as Trustees during the year ended 31 March 2021 :-**
Besides the trustees mentioned above, the trustees Yasar Waheed & Obaid Afzal also served during the year partially, and both have resigned during the reporting period.
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
1) The advancement of Islamic religion. To our aim is to advance the pure teachings of the Islamic religion based on the understanding of the pious predecessors for the benefit of the public through many means including education (lectures, seminars, classes); and producing and distributing literature and sacred texts to enlighten others of the teachings.
2) To promote for the benefit of the inhabitants of Aylesbury the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, gender, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life.
## _**The main activities undertaken in relation to those purposes during the year.**_
We have encouraged our community to raise money for good causes for those in desperate need of basis human necessities such as food/food and medicine for areas affected around the world and especially those affected by war and severe natural disasters.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
1. Regular Friday sermon to the whole community of Aylesbury and the wider public - inviting speakers from local towns in the area.
2. Regular Saturday evening talks explaining key concepts of the religion to the community. We invite specialist speakers from the local area and invite the whole community to participate in these events.
3. Ramadan prayer every evening of Ramadan to the whole community of Aylesbury and the wider public
4. Two Eid prayers to the whole community of Aylesbury and the wider community
5. Raising money for international relief efforts for countries affected by natural disasters and war.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Trustees' Annual Report for the year ended 31 March 2021**
## **The main achievements and performance of the charity during the year.**
We have worked tremendously hard this year to improve the quantity and quality of activities that we have provided to the local community and the wider Aylesbury public. All of our events are open to everyone in the community men, women, children from all faiths and backgrounds.
We have invited several speakers to Aylesbury from neighbouring towns for evening seminars to educate the community on several important matters pertaining to the worship of God, prayers, charity, ensuring we are law abiding good citizens of the UK and of our own town, talking about being well-mannered and kind members of the society, as Islam teaches us to show kindness and generosity to not our family members but also to ur neighbours and community. Members of our own organization have performed the Friday sermons and events such as Eid prayer, collections for good causes and bi-weekly seminars.
## _**Fundraising activities during the year.**_
The charity relies on grant aid from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
We have out extra focus on combatting terrorism and explaining the dangers of these evil thoughts, social grooming and exposing the individuals and groups engaged in this activity as these extreme ideologies have nothing to do with the religion of Islaam as the word Islaam comes from the Arabic root word salaam which means peace.
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
At the end of this year we have attendees to our events from Aylesbury and other local areas that come from all over the world including many countries in Europe, Africa and Asia. We have facilitated the interaction of these multiple communities, building stronger communities and understanding among these diverse groups.
## _**The significant charitable activities undertaken in the year.**_
1. We had Friday jummah collections at various mosques across the UK.
2. We did our AVIC two fundraisers organised by sisters for sisters only.
3. AVIC fundraisers where we sold cakes and box of dozen krispy kreme donuts.
4. Local businessmen donating and giving long term loans.
5. Local community members donating and giving loans.
6. Donations coming from community members from the towns and cities we visited in the last year.
3
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Trustees' Annual Report for the year ended 31 March 2021**
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 March 2021**_
The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2021**
**£**
130,177
5,318
282,342
287,660|**2020**
**£**
132,742
16,756
140,727
157,483|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 March 2021 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
## _**Policies on reserves.**_
The Aylesbury Vale Islamic Centre's (AVIC) policy is to maintain an appropriate level of capital reserves designed to secure the long term sustainability of the organisation and enable it to meet its financial obligations as and when they fall due without prejudicing the ability of AVIC to raise funding and commit expenditure to its objectives.
## **Details of The Independent Examiner**
Imran Asif FCCA
Chartered Certified Accountant
Birchtree Sullivan Office 6, 58 Marsh Wall Canary Wharf London E14 9TP
4
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Trustees' Annual Report for the year ended 31 March 2021**
## **Statement of Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate
- to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
- recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 1 September 2021.
Zahan ir Allama g
Zahangir Allama (Sep 1, 2021, 3:08pm) Mr Zahangir Allama Trustee
5
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2021**
I report to the Trustees on my examination of the financial statements of the charity on pages 8 to 23 for the year ended 31 March 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 5, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
6
## **AYLESBURY VALE ISLAMIC CENTRE**
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and 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 with Section 130 of The Charities Act 2011;
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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
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 financial statements to be reached.
**----- Start of picture text -----**
Signed:-
**----- End of picture text -----**
Imran Asif FCCA - Independent Examiner
## Chartered Certified Accountants
Office 6 58 Marsh Wall Canary Wharf London E14 9TP
This report was signed on 1 September 2021
7
**AYLESBURY VALE ISLAMIC CENTRE - Statement of Financial Activities for the year ended 31 March 2021**
## _**Statement of Financial Activities for the year ended 31 March 2021**_
|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
-
**Expenditure on:**
Raising funds
B1
8,381
Charitable activities
B2
3,057
**Total expenditure**
**B**
**11,438**
**Net income for the year**
**(11,438)**
**Net income after transfers**
**A-B-C**
**(11,438)**
**(11,438)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
16,756
**Total funds carried forward**
**5,318**
**Net movement in funds**
**SORP**
**Ref**|**Current year**
**Restricted**
**Funds**
**2021**
**£**
141,615
-
-
**-**
**141,615**
**141,615**
**141,615**
140,727
**282,342**|**Current year**
**Total Funds**
**2021**
**£**
**141,615**
**8,381**
**3,057**
**11,438**
**130,177**
**130,177**
**130,177**
**157,483**
**287,660**|**Prior Year**
**Total Funds**
**2020**
**£**
140,727
1,308
6,677
**7,985**
**132,742**
**132,742**
**132,742**
24,741
**157,483**|
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
**The notes attached on pages 14 to 23 form an integral part of these accounts.**
8
## **AYLESBURY VALE ISLAMIC CENTRE - Statement of Financial Activities for the year ended 31 March 2021**
|**Income from:**
Donations & Legacies
A1
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
**Net income for the year**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**SORP**
**Ref**|**Prior Year**
**Unrestricted**
**Funds**
**2020**
**£**
-
-
1,308
6,677
**7,985**
(7,985)
(7,985)
**(7,985)**
24,741
**16,756**
|**Prior Year**
**Restricted**
**Funds**
**2020**
**£**
140,727
140,727
-
-
**-**
140,727
140,727
**140,727**
-
**140,727**|**Prior Year**
**Total Funds**
**2020**
**£**
**140,727**
140,727
**1,308**
**6,677**
**7,985**
**132,742**
132,742
**132,742**
**24,741**
**157,483**|
|---|---|---|---|
**All activities derive from continuing operations**
## **AYLESBURY VALE ISLAMIC CENTRE - Resources applied in the year ended 31 March 2021 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
**Net resources available to fund charitable activities**|**2021**
**£**
130,177
(305,811)
**(175,634)**|**2020**
**£**
132,742
-
**132,742**|
|---|---|---|
**The notes attached on pages 14 to 23 form an integral part of these accounts.**
9
## **AYLESBURY VALE ISLAMIC CENTRE - Statement of Financial Activities for the year ended 31 March 2021**
## **Movements in revenue and capital funds for the year ended 31 March 2021**
## **Revenue accumulated funds**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2021**
**2021**
**£**
**£**
Accumulated funds brought forward
16,756
140,727
(11,438)
141,615
**5,318**
**282,342**
**Closing revenue funds**
**5,318**
**282,342**
**Summary of funds**
**Unrestricted**
**Restricted**
**and**
**Funds**
**Designated funds**
**2021**
**2021**
**£**
**£**
Revenue accumulated funds
5,318
282,342
Recognised gains and losses before transfers|**Total**
**Funds**
**2021**
**£**
157,483
130,177
**287,660**
**287,660**
**Total**
**Funds**
**2021**
**£**
**287,660**|**Last year**
**Total Funds**
**2020**
**£**
**24,741**
132,742
**157,483**
**157,483**
**Last Year**
**Total Funds**
**2020**
**£**
157,483|
|---|---|---|
**The notes attached on pages 14 to 23 form an integral part of these accounts.**
10
## **AYLESBURY VALE ISLAMIC CENTRE - Statement of Financial Activities for the year ended 31 March 2021**
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Income and Expenditure Account for the year ended 31 March 2021 as required by the Companies Act 2006**
|**2021**
**£**
**_Income_**
Income from operations
141,615
**Gross income in the year before exceptional items**
**141,615**
**Gross income in the year including exceptional items**
**141,615**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
**2,457**
Fundraising costs
**8,381**
Governance costs
**600**
Realised losses on disposals of social investments which are programme related
-
**Total expenditure in the year**
**11,438**
130,177
Tax on surplus on ordinary activities
-
**130,177**
**Retained surplus for the financial year**
**130,177**
All activities derive from continuing operations
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income|**2020**
**£**
140,727
**140,727**
**140,727**
**6,077**
**1,308**
**600**
-
**7,985**
132,742
-
**132,742**
**132,742**|
|---|---|
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 14 to 23 form an integral part of these accounts.**
11
## **AYLESBURY VALE ISLAMIC CENTRE - Balance Sheet as at 31 March 2021**
|||**SORP**|||||
|---|---|---|---|---|---|---|
||Note|**Ref**||**2021**||**2020**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Tangible assets|5|A2||305,811||-|
|**Current assets**||B|||||
|Cash at bank and in hand||B4|115,564||233,503||
|**Creditors: amounts falling due within**|||||||
|**one year**|6|C1|(1,200)||(1,020)||
|**Net current assets**||||114,364||232,483|
|**_Total assets less current liabilities_**||||420,175||232,483|
|Creditors: amounts falling due after more|||||||
|than one year|7|C2||(132,515)||(75,000)|
|**The total net assets of the charity**||||287,660||157,483|
|**The total net assets of the charity are funded**||**by the**|**funds of the**|**charity, as follows:-**|||
|**Restricted funds**|||||||
|Restricted Revenue Funds|11|D2||282,342||140,727|
|**Unrestricted Funds**|||||||
|Unrestricted Revenue Funds|11|D3||5,318||16,756|
|**Designated Funds**|||||||
|**Total charity funds**||||287,660||157,483|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 7.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
## Zahan ir Allama g
Zahangir Allama (Sep 1, 2021, 3:08pm) **Mr Zahangir Allama**
Trustee
Approved by the board of trustees on 1 September 2021
**The notes attached on pages 14 to 23 form an integral part of these accounts.**
12
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Cash Flow Statement for the year ended 31 March 2021**
|**Cash flows from operating activities**
Net cash provided by operating activities as shown below
**A**
**_Cash flows from investing activities_**
Purchase of property, plant and equipment
**_Cash flows from financing activities_**|**2021**
**£**
187,872
(305,811)|**2020**
**£**
132,742
-|
|---|---|---|
||||
|**Net cash provided by financing activities**
**C**
**Overall cash (used in )/provided by all activities**
**Cash movements**
Change in cash and cash equivalents from activities in the year
ended 31 March 2021
Cash and cash equivalents at 1 April 2020
Change in cash and cash equivalents due to exchange rate movements
**AYLESBURY VALE ISLAMIC CENTRE**
**Cash Flow Statement for the year ended 31 March 2021**
Net income as shown in the Statement of Financial Activities
**_Adjustments for :-_**
Write downs of investments
Net losses on investment assets
Increase in creditors, excluding loans
**Net cash provided by operating activities**
**A**
**Analysis of cash and cash equivalents**
Cash in hand at for the year ended 31 March 2021
Notice deposits - (less than 3 months)
**Total cash and cash equivalents**
**Reconciliation of net income to net cash flow from operating**
**Cash at bank and in hand less overdrafts at 31 March**
**A+B+C**|**-**
**(117,939)**
(117,939)
233,503
-
**115,564**
**- Continued**
130,177
-
-
57,695
**187,872**
**2021**
**£**
115,564
-
**115,564**
**activities**|**-**
**132,742**
132,742
-
-
**132,742**
132,742
-
-
-
**132,742**
**2020**
**£**
233,503
-
**233,503**|
13
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Notes to the Accounts for the year ended 31 March 2021**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the char
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **3 Winding up or dissolution of the**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **5 Tangible fixed assets**
**----- Start of picture text -----**
Land and Plant & Motor
Total
Buildings Machinery Vehicles
£ £ £ £
Cost
Additions 305,811 - - 305,811
At 31 March 2021 305,811 - - 305,811
Depreciation
At 31 March 2021 - - - -
Net book value
At 31 March 2021 305,811 - - 305,811
**----- End of picture text -----**
14
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Notes to the Accounts for the year ended 31 March 2021**
|**6**
**Creditors: amounts falling due within one year**
Accruals
**7**
**Creditors: amounts falling due after one year**
Other creditors
**8**
**Income and Expenditure account summary**
**At 1 April 2020**
Surplus after tax for the year
**At 31 March 2021**
**9**
**No related party transactions**|**2021**
**£**
**1,200**
**2021**
**£**
**132,515**
**2021**
**£**
157,483
130,177
**287,660**|**2020**
**£**
**1,020**
**2020**
**£**
**75,000**
**2020**
**£**
24,741
132,742
**157,483**|
|---|---|---|
There were no transactions with related parties in the year, apart from 2 individual donations made by the trustees to the charity.
## **10 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2021**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**At 1 April 2020**
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
-
5,318
(1,200)
-
**4,118**
**Unrestricted**
**funds**
**£**
16,756
(1,020)
-
**15,736**|**Designated**
**funds**
**£**
-
-
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
305,811
110,246
-
(132,515)
**283,542**
**Restricted**
**funds**
**£**
216,747
-
(75,000)
**141,747**|**Total**
**Funds**
**£**
**305,811**
**115,564**
**(1,200)**
**(132,515)**
**287,660**
**Total**
**Funds**
**£**
**233,503**
**(1,020)**
**(75,000)**
**157,483**|
|---|---|---|---|---|
**11 Change in total funds over the year as shown in Note 10 , analysed by individual funds**
15
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Notes to the Accounts for the year ended 31 March 2021**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
**Total restricted funds**
**Total charity funds**|**£**
16,756
**16,756**
**-**
**16,756**
**Funds brought**
**forward from**
**2020**|**See Note 12**
**£**
(11,438)
**(11,438)**
**141,615**
**130,177**
**Movement in**
**funds in 2021**|**See Note 0**
**£**
**-**
**-**
**-**
**-**
**Transfers**
**between**
**funds in 2021**|**£**
**5,318**
**5,318**
**141,615**
**146,933**
**Funds carried**
**forward to**
**2022**|
|---|---|---|---|---|
**12 Analysis of movements in funds over the year as shown in Note 11**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**|**Income**
**2021**
**£**
**-**
**141,615**
**141,615**|**Expenditure**
**2021**
**£**
**(11,438)**
**-**
**(11,438)**|**Other**
**Gains &**
**Losses**
**2021**
**£**
**-**
**-**
**-**|**Movement**
**in funds**
**2021**
**£**
**(11,438)**
**141,615**
**130,177**|
|---|---|---|---|---|
16
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Notes to the Accounts for the year ended 31 March 2021**
**13 The purposes for which the funds as detailed in note 11 are held by the charity are:-**
_**Unrestricted and designated funds:-**_ These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. This fund represents the unrestricted surplus arising on the revaluation of Unrestricted Revaluation Reserve the charity's assets. The purpose of these funds is described under the accounting policy Designated Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'. _**Restricted funds:-**_ Restricted Fixed Asset Funds The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the Restricted Revaluation Reserve charity's assets.
## **14 Ultimate controlling party**
The charity is under the control of its legal members.
17
## **AYLESBURY VALE ISLAMIC CENTRE**
**Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
|**15**
**Donations and Legacies**
**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**Donations and gifts from individuals**
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**Revenue grants and donations from non public bodies**
-
-
-
-
**-**
**Total Donations and Legacies**
**A1**
**-**
**16**
**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**_Premises Expenses_**
-
127
637
**_Administrative overheads_**
449
**Support costs for charitable activities**
Property insurance
Advertising and marketing
Red Eagle
**Total private sector revenue grants**
Red Rose Travel Ltd
Amar Ilyas
Miscellaneous
Din & Din
A Kashabi
Rehman Muhammed
Yasar Waheed
S Khan
Fazal Mawla
Ibrahim Usman
Asad Hannah
Wali Khan
Rafi Khan
Small donations individually less than £1000
Small grants individually less than £1000
**Total donations and gifts from individuals**
Light heat and power
Room Hire|**Current year**
**Restricted**
**Funds**
**2021**
**£**
116,865
-
-
-
-
-
-
-
-
-
-
10,000
**126,865**
4,750
-
-
10,000
**14,750**
**141,615**
**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
-
-
-|**Current year**
**Total Funds**
**2021**
**£**
116,865
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
10,000
**126,865**
4,750
**-**
**-**
10,000
**14,750**
**141,615**
**Current year**
**Total Funds**
**2021**
**£**
**-**
**127**
**637**
**449**|**Prior Year**
**Total Funds**
**2020**
**£**
75,635
10,000
10,000
8,000
1,000
10,000
3,045
1,000
1,000
7,000
10,000
-
**136,680**
2,047
1,000
1,000
-
**4,047**
**140,727**
**Prior Year**
**Total Funds**
**2020**
**£**
5,119
227
-
-|
|---|---|---|---|
18
## **AYLESBURY VALE ISLAMIC CENTRE**
**Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
|**_Professional fees paid to advisors other than the auditor o_**
600
**_Financial costs_**
644
**Support costs before reallocation**
**2,457**
**Total support costs**
**2,457**
Accountancy fees other than examination or
audit fees
Bank charges|**_r examiner_**
-
-
**-**
**-**|**600**
**644**
**2,457**
**2,457**|420
311
**6,077**
**6,077**|
|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies
## **17 Other Expenditure - Governance costs**
|**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2021**
**2021**
**£**
**£**
Independent Examiner's fees
600
-
**Total Governance costs**
**600**
**-**
**18 Total Charitable expenditure**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2021**
**2021**
**£**
**£**
Total support costs
**B2d**
2,457
-
Total Governance costs
**B2e**
600
-
**Total charitable expenditure**
**B2**
**3,057**
**-**
**19 Expenditure on raising funds and costs of investment management**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2021**
**2021**
**£**
**£**
Fundraising publicity & marketing
8,381
-
**Total fundraising costs**
B1
**8,381**
**-**|**Current year**
**Total Funds**
**2021**
**£**
**600**
**600**
**Current year**
**Total Funds**
**2021**
**£**
**2,457**
**600**
**3,057**
**Current year**
**Total Funds**
**2021**
**£**
**8,381**
**8,381**|**Prior Year**
**Total Funds**
**2020**
**£**
600
**600**
**Prior Year**
**Total Funds**
**2020**
**£**
6,077
600
**6,677**
**Prior Year**
**Total Funds**
**2020**
**£**
1,308
**1,308**|
|---|---|---|
19
## **AYLESBURY VALE ISLAMIC CENTRE**
## **Activity analysis of Income and expenditure for the for the year ended 31 March 2021**
_**This analysis is classsified by activity and not by conventional nominal descriptions.**_
## **20 Analysis of income by activity**
|**Analysis of income by activity**||||
|---|---|---|---|
||**SOFA ref**|**2021**|**2020**|
|||**£**|**£**|
|**Activity**||||
|**_Summary of Total Income, including the items above_**||||
|Donations & Legacies|**A1**|141,615|140,727|
|**_Categories of income_**||||
|Income from exchange transactions||141,615|140,727|
## **21 Analysis of charitable expenditure by activity**
|**_Charitable activity 1_**
Premises expenses
Professional fees
Financial costs
Total Charitable activity 1
**Total charitable expenditure**
**Total Charitable activity 1**
**Summary of charitable costs by**
**activity**
**Activity**
Total Governance costs as detailed in
Note 17|**Direct**
**costs**
**2021**
**£**
-
-
-
**-**
**Direct**
**costs**
**2021**
**£**
-
-
**-**|**Support**
**costs**
**2021**
**£**
764
600
644
**2,008**
**Support**
**costs**
**2021**
**£**
2,008
600
**2,608**|**Grant**
**funding of**
**activities**
**2021**
**£**
-
-
-
**-**
**Grant**
**funding of**
**activities**
**2021**
**£**
-
-
**-**|**Total**
**2021**
**£**
**764**
**600**
**644**
**2,008**
**Total**
**2021**
**£**
**2,008**
**600**
**2,608**|**Total**
**2020**
**£**
6,077
-
-
**6,077**
**Total**
**2020**
**£**
6,077
600
**6,677**|
|---|---|---|---|---|---|
20
## **AYLESBURY VALE ISLAMIC CENTRE**
**Activity analysis of Income and expenditure for the for the year ended 31 March 2021 22 Analysis of non charitable expenditure by activity**
|**Activity**
**_Fundraising activities_**
**Direct fundraising costs**
**Indirect fundraising costs:-**
Administrative overheads
**Total costs of Fundraising activities**
**_Governance costs_**
Other Expenditure - Governance costs as detailed in Note 17
**_Total non charitable expenditure_**
Total costs of Fundraising activities
**Total non charitable expenditure**|**Fundraising**
**activities**
**2021**
**£**
8,381
449
**8,830**
**Governance**
**costs**
**2021**
**£**
600
**2021**
**£**
8,830
**8,830**|**Fundraising**
**activities**
**2020**
**£**
1,308
-
**1,308**
**Governance**
**costs**
**2020**
**£**
600
**2020**
**£**
1,308
**1,308**|
|---|---|---|
21