## ## ## |||||Page| |---|---|---|---|---| |Trustees'
annual
report||||| |Independent|auditor's|report to the|members|| |Consolidated|statement|offinancial|activities|| |Consolidated|statement|offinancial|position|| |Charity only|statement|offinancial|position|10| |Consolidated|statement|ofcash flows||| |Notes to the|financial statements|||12| ## ## ## ## |Registered|charity|name|KSIMC of Birmingham| |---|---|---|---| |Charity registration||number|1170675| |Principal office|||17Clifton Road| ||||Balsall Heath| ||||Birmingham| ||||B128SX| |The trustees|||Mr G Datoo| ||||Mr M Sachedina| ||||Mrs
I Ramji| ||||Mr H Bandali| ||||Mr H Hudda| ||||Mr M Railey| ||||Mr M Kassamali| ||||Mrs F Damji| ||||Dr R Alidina| ||||Mr T Bhanji| ||||Mr S Fazal| ||||Mr SZaidi| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021||2020| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted||| ||||Note|funds
E|funds
f|Total funds
E|Total funds
E| |Income and endowments|||||||| |Donations
and legacies
Charitable
activities
Other trading
activities
Investment
income|||4
5
6
7|400,643
189,074
54,397
288,550|185,903|586,546
189,074
54,397
288,550|1,496,155
183,179
78,964
232,598| |Total income||||932,664|185,903|1,118,567|1,990,896| |Expenditure|||||||| |Expenditure
on raising funds:|||||||| |Costs of raising donations||and|||||| |legacies
Expenditure
on charitable|activities||8
9,10|22,610
979,580|53,538|22,610
1,033,117|16,954
896,801| |Total expenditure||||1,002,190|53,538|1,055,727|913,755| |Net income||||(69,526)|132,365|62,840|1,077,141| |Transfers
between
funds|||21|219,858|(219,858)||| |Net movement
in funds||||150,332|(87,493)|62,840|1,077,141| |Reconciliation
offunds|||||||| |Total funds brought
forward||||9,647,450|1,946,220|11,593,670|10,516,530| |Total funds carried forward||||9,797,782|1,858,727|11,656,509|11,593,671| ## ## ## |||||2021|2020| |---|---|---|---|---|---| ||||Note|6|| |Fixed assets|||||| |Tangible fixed assets|||15|6,589,502|6,578,365| |Investments|||16|3,533,239|3,533,239| |||||10,122,741|10,111,604| |Current assets|||||| |Debtors|||17|515,540|314,694| |Cash at bank and in|hand|||2,510,859|2,790,300| |||||3,026,399|3,104,994| |Creditors: amounts|falling|due within one year|18|302,795|350,294| |Net current assets||||2,723,604|2,754,700| |Total assets less current||liabilities||12,846,345|12,866,304| |Creditors: amounts|falling|due after more than one year|19|1,189,835|1,272,633| |Net assets||||11,656,510|11,593,671| |Funds ofthe charity|||||| |Restricted funds
Unrestricted
funds||||1,858,727
9,797,782|1,946,219
9,647,452| |Total charity funds|||21|11,656,509|11,593,671| ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||Note|6|6| |Fixed assets||||||| |Tangible fixed assets||||15|6,544,936|6,562,904| |Current assets||||||| |Debtors
Cash at bank and|in|hand||17|1,266,362
2,286,957|1,085,122
2,579,844| ||||||3,553,319|3,664,966| |Creditors: amounts||falling|due within one year|18|160,493|196,372| |Net current assets|||||3,392,826|3,468,594| |Total assets less|current||liabilities||9,937,762|10,031,498| |Net assets|||||9,937,762|10,031,498| |Funds ofthe charity||||||| |Restricted funds
Unrestricted
funds|||||1,858,727
8,079,035|1,946,219
8,085,279| |Total charity funds|||||9,937,762|10,031,498| ## ## ## |Year ended 31 Decemb|er 2021|||| |---|---|---|---|---| ||||2021|2020| |Cash flows from operating|activities|||| |Net income|||62,840|1,077,141| |Adjustments
for:||||| |Depreciation
oftangible
fixed assets|||275,463|258,778| |Dividends,
interest and rents|from investments||(285,840)|(197,358)| |Other interest receivable
and similar income|||(2,710)|(35,240)| |Accrued income|||(5,791)|(15,737)| |Changesin:||||| |Trade and other debtors|||(200,846)|165,895| |Trade and other creditors|||(41,708)|25,979| |Cash generated
from operations|||(198,592)|1,279,458| |Interest received|||2,710|35,240| |Net cash (used in)/from
operating
activities|||(195,882)|1,314,698| |Cash flows from investing|activities|||| |Dividends,
interest and rents
Purchase oftangible assets|from investments||285,840
(286,600)|197,358
(506,526)| |Net cash used in investing
activities|||(760)|(309,168)| |Cash flows from financing|activities|||| |Proceeds from borrowings|||(82,798)|(78,138)| |Net cash used
in financing
activities|||(82,798)|(78,138)| |Net (decrease)/increase
in cash and cash
Cash and cash equivalents
at beginning||equivalents
ofyear|(279,440)
2,790,300|927,392
1,862,910| |Cash and cash equivalents|at end ofyear||2,510,860|2,790,302| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations
and legacies|||| |---|---|---|---| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2021| |||E'|6| |Donations|||| |Burial|68,135||68,135| |Burial donations|20,895||20,895| |Fitra||7,069|7,069| |General donations|103,052||103,052| |Gift Aid|40,120||40,120| |Hardship
funds|33,408||33,408| |AIC project||161,357|161,357| |Nyaz
Seniors|14,362|270|14,362
270| |Subscriptions
Sadka
Zakat
COVID 19Support fund|91,313
1,858|15,852
1,355|91,313
15,852
1,355
1,858| |Grants|||| |Grants receivable|27,500||27,500| ||400,643|185,903|586,546| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2020| |Donations|||f| |Burial
Burial donations
Fitra
General donations
Gift Aid
Hardship
funds
AIC project
Nyaz
Seniors
Subscriptions
Sadka
Zakat
COVID 19Support fund|69,369
23,039
49,015
42,459
12,980
11,027
86,844
9,919|7,179
1,133,715
14,231
10,433
945|69,369
23,039
7,179
49,015
42,459
12,980
1,133,715
11,027
14,231
86,844
10,433
945
9,919| |Grants|||| |Grants receivable|25,000||25,000| ||329,652|1,166,503|1,496,155| ## ## ## ## |Charitable
activities||||| |---|---|---|---|---| ||Unrestricted|Total Funds|Unrestricted|Total Funds| ||Funds|2021
6|Funds
f|2020
f| |Secular Education fees|46,280|46,280|48,921|48,921| |Madressa fees|28,574|28,574|19,301|19,301| |Nursery fees|114,220|114,220|114,957|1'I4,957| ||189,074|189,074|183,179|183,179| |Other trading activities||||| ||Unrestricted|Total Funds|Unrestricted|Total Funds| ||Funds|2021|Funds|2020| ||F||E|| |Advertising|1,275|1,275|1,440|1,440| |Halls & Majlis
Subcommittee
Other income|10,943
41,282
897|10,943
41,282
897|4,763
72,186
575|4,763
72,186
575| ||54,397|54,397|78,964|78,964| ## ## |Investment
income|||||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |Income from investment
Bank interest receivable
Other investment
income|properties|Funds
6
285,840
2,710|2021
6
285,840
2,710|Funds
f
197,358
1,058
34,182|2020
6
197,358
1,058
34,182| |||288,550|288,550|232,598|232,598| ## |Costs ofraising donation|s
and le|gacies|||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| |Costs ofraising donations|and|6|6|6|6| |legacies||22,610|22,610|16,954|16,954| ## ## ## ## ## |Expenditure|on charitable|activities|by fund type|||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total Funds| |||||Funds
f|Funds
f|2021
f| |Religious||||183,816|51,354|235,170| |Education||||135,218||135,218| |Burial scheme||||66,209||66,209| |Support costs||||594,337|2,184|596,520| |||||979,580|53,538|1,033,117| |||||Unrestricted|Restricted|Total Funds| |||||Funds
f|Funds
f|2020
f| |Religious||||114,301|2,000|116,301| |Education
Burial scheme||||103,244
78,083||103,244
78,083| |Support costs||||588,146|11,027|599,173| |||||883,774|13,027|896,801| |Expenditure|on charitable|activities|by activity type|||| ||||Activities|||| ||||undertaken|Support|Total funds|Total fund| ||||directly
f|costs|2021
f|2020| |Religious
Education
Burial scheme
Investment
management|||235,170
135,218
66,209|477,628
39,987
78,905|712,798
175,205
66,209
78,905|618,901
142,512
78,083
57,305| ||||436,597|596,520|1,033,117|896,801| |Analysis of|support costs|||||| |||||Investment||| |Staff costs
Premises
Finance costs
Insurance
Legal &professional
Depreciation
Sub committee
Auditor fees||Religious
f
76,425
67,618
4,195
15,126
8,185
257,506
44,072
4,500|Education
f
6,731
20,112
766
1,827
7,738
2,813|managementf
42,844
20,753
3,963
10,219
1,125|Total 2021
76,425
117,193
45,060
15,892
13,975
275,463
44,072
8,438|Total 2020
f
80,056
80,859
48,558
16,952
15,608
258,777
89,924
8,438| |||477,627|39,987|78,904|596,518|599,172| ## ## ## ## ## ## |||||2021
f|2020
6| |---|---|---|---|---|---| |Depreciation|oftangible|fixed|assets|275,463|258,778| ## |Staff cos|ts||||| |---|---|---|---|---|---| |The total|staff costs and|employee|benefits for the reporting|period are analysed
as|follows:| |||||2021
6|2020
f| |Wages and salaries||||197,018|191,687| |Social security costs||||1,998|2,682| |Employer|contributions|to pension|plans|2,380|1,878| |||||201,396|196,247| ## ## ## ## ## ## |Tangible fixed ass|ets|||||| |---|---|---|---|---|---|---| ||Freehold|Fixtures and|Motor||Asset under|| ||property|fittings|vehicles
F|Equipment
f|construction
E|Total| |Cost||||||| |At 1 Jan 2021|7,322,841|340,933|18,630|46,493|1,420,798|9,149,695| |Additions||62,567||4,175|219,858|286,600| |At 31Dec 2021|7,322,841|403,500|18,630|50,668|1,640,656|9,436,295| |Depreciation||||||| |At1 Jan2021|2,180,736|330,052|18,630|41,912||2,571,330| |Charge for the||||||| |year|252,586|19,545||3,332||275,463| |At 31Dec2021|2,433,322|349,597|18,630|45,244||2,846,793| |Carrying
amount||||||| |At 31 Dec2021|4,889,519|53,903||5,424|1,640,656|6,589,502| |At 31 Dec 2020|5,142,105|10,881||4,581|1,420,798|6,578,365| ## |Tangible fixed assets —Ch|arity only||||| |---|---|---|---|---|---| ||Freehold|Fixtures and|Motor|Asset under|| ||property|fittings|vehicles|construction|Total| |Cost|6|8|8|f|| |At 1 January 2021
Additions|7,322,841|289,275
19,680|18,630|1,420,798
219,858|9,051,544
239,538| |At 31 December 2021|7,322,841|308,955|18,630|1,640,656|9,291,082| |Depreciation|||||| |At 1 January 2021
Charge for the year|2,180,736
252,586|289,274
4,920|18,630||2,488,640
257,506| |At 31 December 2021|2,433,322|294,194|18,630||2,746,146| |Carrying
amount|||||| |At 31 December 2021|4,889,519|14,761||1,640,656|6,544,936| |At 31 December 2020|5,142,105|1||1,420,798|6,562,904| ## ## ## ## ## ||Investment| |---|---| ||properties
f| |Cost or valuation|| |At 1 January 2021 and 31 December 2021|3,533,239| |Impairment|| |At 1 January 2021 and 31 December 2021|| |Carrying
amount|| |At 31 December 2021|3,533,239| |At 31 December 2020|3,533,239| ## |Trade debtors
Prepayments
and accrued income
Other debtors||2021
f
67,113
153,979
294,448|2020
f
58,358
11,688
244,648| |---|---|---|---| |||515,540|314,694| |Debtors —Charity only|||| |Trade debtors
Amounts
owed by group undertakings
Prepayments
and accrued income
Other debtors||2021
f
55,789
904,146
214,621
91,806|2020
f
40,564
789,009
238,810
16,739| |||1,266,362|1,085,122| |The debtors above include the following|amounts|falling due after more than one year:|| |Amounts
owed by group undertakings||2021
f
832,000|2020
f
707,000| ## ## ## ## ## |Creditors: amounts|falling due within one year||| |---|---|---|---| |||2021|2020| ||||f| |Bank loans and overdrafts||122,757|122,757| |Payments
received
Trade creditors|on account|4,455
24,959|4,455
34,689| |Accruals and deferred
income
Social security and other taxes
Other creditors||9,338
2,183
139,103|15,129
1,917
171,347| |||302,795|350,294| |Creditors: amounts|falling due within one year —charity only||| |||2021|2020| |||6|f| |Trade creditors
Accruals and deferred
income
Social security and other taxes||24,765
4,500
413|27,965
4,500
461| |Other creditors||130,815|163,446| |||160,493|196,372| |Creditors: amounts|falling due after more than one year||| |||2021|2020| |Bank loans and overdrafts||1,189,835|6
1,272,633| ## ## ## ## ## ## ## ## |Unrestricted
funds|||||| |---|---|---|---|---|---| ||At||||At| ||1 Jan 2021
f|Income|Expenditure
F|Transfers
6|31Dec 2021
6| |General funds|2,485,826|843,634|(683,395)||2,646,065| |Equipment
fund|17,720||||17,720| |Burial|581,000|89,030|(66,209)||603,821| |Building
revaluation|||||| |reserve
Building
fund|3,318,886
3,244,018||(165,944)
(86,642)|219,858|3,152,942
3,377,234| ||9,647,450|932,664|(1,002,190)|219,858|9,797,782| ||At||||At| ||1 Jan 2020
6|Income
f|Expenditure
6|Transfers
6|31 Dec 2020| |General funds
Equipment
fund
Burial
Building
revaluation|2,309,902
17,720
566,675|731,986
92,407|(570,059)
(78,083)|14,000|2,485,829
17,720
580,999| |reserve
Building fund|3,484,830
2,836,681||(165,944)
(86,642)|493,979|3,318,886
3,244,018| ||9,215,808|824,393|(900,728)|507,979|9,647,452| |Restricted funds|||||| |AIC project
Senior Citizen
Fitra
Sadka
Zakat|At
1 Jan 2021
f
1,864,040
36,219
3,681
39,676
2,604|income
161,357
270
7,069
15,852
1,355|Expenditure
6
(2,184)
(10,750)
(38,000)
(2,604)|Transfers
6
(219,858)|At
31Dec2021
6
1,805,539
34,305
17,528
1,355| ||1,946,220|185,903|(53,538)|(219,858)|1,858,727| |AIC project
Senior Citizen
Fitra
Sadka
Zakat|At
1 Jan 2020
6
1,224,303
33,015
10,502
31,243
1,659|Income
f
1,133,715
14,231
7,179
10,433
945|Expenditure
6
(11,027)
(2,000)|Transfers
(493,979)
(14,000)|At
31 Dec 2020
F
1,864,039
36,219
3,681
39,676
2,604| ||1,300,722|1,166,503|(13,027)|(507,979)|1,946,219| ## ## |22.|Analysis
of net asse|ts|between
funds|||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total Funds| |||||Funds|Funds|2021| |||||f'|f|| ||Tangible fixed assets|||6,589,502||6,589,502| ||Investments|||3,533,239||3,533,239| ||Current assets|||1,167,672|1,858,727|3,026,399| ||Creditors less than
1|year||(302,795)||(302,795)| ||Creditors greater than||1 year|(1,189,835)||(1,189,835)| ||Net assets|||9,797,783|1,858,727|11,656,510| |||||Unrestricted|Restricted|Total Funds| |||||Funds
F|Funds
f|2020
f| ||Tangible
fixed assets|||6,578,365||6,578,365| ||Investments|||3,533,239||3,533,239| ||Current assets
Creditors less than
1
Creditors greater than|year
1 year||1,158,775
(350,294)
(1,272,633)|1,946,219|3,104,994
(350,294)
(1,272,633)| ||Net assets|||9,647,452|1,946,219|11,593,671| |23.|Analysis
ofchanges|in net debt||||| |||||At||At| ||Cash at bank and in hand
Debt due within one year
Debt due after one year|||1 Jan 2021
2,790,300
(122,757)
(1,272,633)|Cash flows
f
(279,441)
82,798|31Dec2021
f
2,510,859
(122,757)
(1,189,835)| |||||1,394,910|(196,643)|1,198,267| ## ## ## ## ## ## ## |Turnover:
Administrative
Expenses:
Net Profit / (Loss):
Fixed Assets:
Current Assets:
Current
Liabilities:
Total Net liabilities:
Reserves
/ (defficit):|E93,488
E30,909
E579
E'10,170
F6,170
-E39,442
-E23,102
-E23,102|(2020:E94,182)
(2020:E23,448)
(2020:E10,734)
(2020:E8,521)
(2020:E11,216)
(2020:-F43,418)
(2020:-E23,681)
(2020:-E23,681)| |---|---|---| ## ## ## ## ## ||||2021||2020| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |Income and endowments||funds
f|funds|Total funds
8|Total funds
f| |Donations
end legacies
Other trading
activities
Investment
income||393,143
53,500
99,638|185,903|579,046
53,500
99,638|1,471,155
78,964
57,989| |Total Income||546,281|185,903|732,184|1,608,108| |Expenditure|||||| |Expenditure
on charitable|activities|772,381|53,538|825,919|696,984| |Total expenditure||772,381|53,538|825,919|696,984| |Net (expenditure)/income||(226,100)|132,365|(93,735)|911,124| |Transfers
between
funds||219,858|(219,858)||| |Net movement
in funds||(6,242)|(87,493)|(93,735)|911,124| |Reconciliation
offunds|||||| |Total funds
brought
forward||8,085,277|1,946,220|10,031,497|9,120,374| |Total funds carried forward||8,079,035|1,858,727|9,937,762|10,031,498|