|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|12|
|Report ofthe Independent
Auditors|13|to|15|
|Statement ofFinancial Activities||16||
|Statement ofFinancial Position|17|to|18|
|Statement ofCash Flows||19||
|Notes to the Statement ofCash Flows||20||
|Notes to the Financial Statements|21|to|33|
|Detailed Statement ofFinancial Activities|34|to|36|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies||2|562,800|698,424|1,261,224|1,309,003|
|Charitable
activities|||||||
|School fees receivable|||689,116|12,197|701,313|614,012|
|Madrassa fees|||101,634||101,634|110,550|
|Other charitable
activities||3|137,954|3,070|141,024|106,871|
|Investment
income||4||||10|
|Other income||||||46,422|
|Total|||1&491&504|713&691|2&205&195|2 186 868|
|EXPENDITURE ON|||||||
|Raising funds||6|119,722|168,689|288,411|250,318|
|Charitable
activities|||||||
|Project rebuild costs||||12,762|12&762|57,015|
|Pre School||||195,584|195,584|206,543|
|Charity running
costs|||575,321|30|575,351|501,027|
|Primary school|||571,956||571,956|543,504|
|Madrassa costs|||5,781||5,781|3,335|
|Total|||1,272,780|377,065|1,649,845|1,561,742|
|NET INCOME|||218,724|336,626|555,350|625,126|
|Transfers behveen funds||19|(27,802)|27,802|||
|Net movement
in funds|||190,922|364,428|555,350|625,126|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought
fonvard|||461,972|5,720,044|6,182,016|5,556,890|
|TOTAL FUNDS CARRIED FORWARD|||652,894|6,084,472|6,737,366|6,182,016|
##
##
||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible assets||14|1,834,505|9,192,665|11,027,170|10,532,246|
|CURRENT ASSETS|||||||
|Stocks||15|625||625|625|
|Debtors||16|108,388||108,388|53,989|
|Cash at bank and in hand|||505,618|381,399|887,017|762,109|
||||614,631|381,399|996,030|816,723|
|CREDITORS|||||||
|Amounts
falling due within|one year|17|(1,796,242)|(3,489,592)|(5,285,834)|(5,166,953)|
|NET CURRENT ASSETS|||(1,181,611)|(3,108,193)|(4,289,804)|(4,350,230)|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||652,894|6,084,472|6,737,366|6,182,016|
|NET ASSETS|||652,894|6,084,472|6,737,366|6,182,016|
|FUNDS||19|||||
|Unrestricted
funds|||||652,894|461,972|
|Restricted funds|||||6,084,472|5,720,044|
|TOTAL FUNDS|||||6,737,366|6,182,016|
##
##
##
##
||||F|OR THK YEAR ENDED|31DECEMBER 2022||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|||||Notes|||
||Cash flows from|operating||activities|||
|'|Cash generated
from operations||||646,627|397,268|
||Net cash provided|by operating
activities|||646,627|397,268|
||Cash flows from|investing||activities|||
||Purchase oftangible fixed||assets||(521,719)|(340,155)|
||Interest received|||||10|
||Net cash used in|investing|activities||(521,719)|(340,145)|
||Change in cash and cash||equivalents||||
||in the reporting|period|||124,908|57,123|
||Cash and cash equivalents|||at the|||
||beginning
ofthe|reporting||period|762,109|704,986|
||Cash and cash equivalents|||at the end|||
||ofthe reporting|period|||887,017|762,109|
##
##
##
|RECONCILIATIO
ACTIVITIES|N
OF NK|T INCOME TO NKT CASH FLOW|FROM OPERAT|ING|
|---|---|---|---|---|
||||31.12.22|31.12.21|
|Net income for the|reporting|period (as per the Statement of|||
|Financial Activities)|||555,350|625,126|
|Adjustments
for:|||||
|Depreciation
charges|||26,795|21,392|
|Interest received||||(10)|
|(Increase)/decrease|in debtors||(54,399)|3,674|
|Increase/(decrease)|in creditors||118,881|(252,914)|
|Net cash provided|by operations||646,627|397,268|
##
##
||At 1/1/22|Cash flow|At31/12/22|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|762,109|124,908|887,017|
||762,109|124,908|887,017|
|Total|762,109|124,908|887,017|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||
|---|---|---|---|---|
|2.|DONATIONS
AND LEGACIES||||
||||31.12.22|31.12.21|
||Donations||436,157|263,564|
||Gift aid||31,877|76,587|
||Grant from Local council||317,140|317,930|
||Zakat Fitra Fidya and Qurbani||91,030|136,790|
||Disaster Appeals||12,426|16,840|
||Project rebuild||338,677|448,711|
||Interest donations||350|5,112|
||Income from Sadaqa||33,567|43,469|
||||1,261,224|1,309,003|
||Grants received, included|in the above, are as follows:|||
||||31.12.22|31.12.21|
||School||317,140|317,930|
|3.|OTHER CHARITABLE|ACTIVITIES|||
||||31.12.22|31.12.21|
||Summer Fete||27,512|34,305|
||Bazaar money and fundraising||33,455|13,972|
||Arabic
English and Alimah Courses||32,100|21,202|
||Nikaah k Wedding||3,013|2,465|
||School Trips||20,357|10,202|
||Sales ofitems||5,688|10,156|
||Other Income||18,899|14,569|
||||141,024|106,871|
|4.|INVESTMENT INCOME||||
||||31.12.22|31.12.21|
||Profit on deposit|||10|
##
##
##
|5.|INCOME FROM|CHARITABLE ACTIVITIES|||
|---|---|---|---|---|
||||31.12.22|31.12.21|
|||Activity|||
||Registration
and school||||
||fees|School fees receivable|701,313|614,012|
||Madrassa fees|Madrassa fees|101,634|110,550|
||||802,947|724,562|
|6.|RAISING FUNDS||||
||Raising donations|and legacies|||
||||31.12.22|31.12.21|
||Zakat Fitra Fidya and Qurbani||146,419|130,687|
||Disaster Appeals||11,825|15,330|
||Sadaqa expended||1,550|23,519|
||Interest expended||2,200||
||||161,994|169,536|
||Other trading
activities||||
||||31.12.22|31.12.21|
||Purchases||10,903|7,428|
||Support costs ofschooling||30,065|38,452|
||School trips and sportsfield||24,423|8,649|
||Summer fete||14,587|13,913|
||Charity dinner and|Eid party|21,074|2,236|
||Events cost||11,124|1,002|
||Fundraising
costs||7,383|7,661|
||Books magazines|and calenders|5,794|1,391|
||Iftar expenses||1,045||
||Mayyat (burial) expenses||19|50|
||||126,417|80,782|
||Aggregate
amounts||288,411|250,318|
##
##
||||Support||
|---|---|---|---|---|
|||Direct|costs (see||
|||Costs|note 8)|Totals|
|||E|||
|Project rebuild|costs|3,547|9,215|12,762|
|Pre School||61|195,523|195,584|
|Charity running|costs||575,351|575&351|
|Primary school|||571,956|571,956|
|Madrassa costs|||5,781|5,781|
|||3,608|1&357,826|1,361,434|
##
|SUPPORT CO|STS||||||
|---|---|---|---|---|---|---|
||||||Governance||
|||Management|Finance|Other|costs|Totals|
|Project rebuild|costs|||9,215||9,215|
|Pre School||194,476|36|1,011||195,523|
|Charity running|costs|81,195|7,948|21,338|464,870|575,351|
|Primary school||535,457|232|33,767|2,500|571,956|
|Madrassa costs||1,871|40|920|2,950|5,781|
|||812,999|8,256|66,251|470,320|1,357,826|
##
|Depreciation|-owned assets|
|---|---|
|Hire ofplant|and machinery|
|31.12.22|31.12.21|
|---|---|
|26,795|21,392|
|5,248|3,842|
##
##
##
||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
|Fees payable to|the charity's||auditors|and their associates for the audit|||
|ofthe charity's|financial|statements|||5,000|4,920|
|Auditors'
remuneration||for|non audit|work||2,600|
##
##
##
|STAF|F COSTS|||
|---|---|---|---|
|||31.12.22|31.12.21|
|Wages|and salaries|1,031,817|1,027,351|
|Social|security costs|60,947|27,278|
|Other|pension costs|8,480|7,567|
|||1,101,244|1,062,196|
|The aver|age|monthly
|nu|mber ofemployees
during the year|was as follows:||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|Engaged|on|charitable|activities||48|55|
|Engaged|on|management||and administration|37|35|
||||||85|90|
##
##
##
|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THK YEAR ENDED 31DECEMBER 2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THK YEAR ENDED 31DECEMBER 2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THK YEAR ENDED 31DECEMBER 2022|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THK YEAR ENDED 31DECEMBER 2022||
|---|---|---|---|---|
|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||340,151|968,852|1,309,003|
|Charitable
activities|||||
|School fees receivable||604,209|9,803|614,012|
|Madrassa fees||110,550||110,550|
|Other charitable
activities||99,704|7,167|106,871|
|Investment
income||10||10|
|Other income||46,422||46,422|
|Total||1,201,046|985,822|2,186,868|
|EXPENDITURE ON|||||
|Raising funds||80,782|169,536|250,318|
|Charitable
activities|||||
|Project rebuild costs|||57,015|57,015|
|Pre School|||206,543|206,543|
|Charity running
costs||501,027||501,027|
|Primary school||543,504||543,504|
|Madrassa costs||3,335||3,335|
|Total||1,128,648|433,094|1,561,742|
|NET INCOME||72,398|552,728|625,126|
|Transfers between funds||185,161|(185,161)||
|Net movement
in funds||257,559|367,567|625,126|
|RECONCILIATION|OF FUNDS||||
|Total funds brought
forward||204,413|5,352,477|5,556,890|
|TOTAL FUNDS CARRIED|||||
|FORWARD||461,972|5,720,044|6,182,016|
##
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Freehold|Portable|Plant and||
||property|building|machinery|Totals|
|COST|||||
|At 1 January 2022|10,605,573|123,241|215,198|10,944,012|
|Additions|486,060||35,659|521,719|
|At 31December 2022|11,091,633|123,241|250,857|11,465,731|
|DEPRECIATION|||||
|At 1 January 2022|159,369|73,166|179,231|411,766|
|Charge for year|4,000|5,008|17,787|26,795|
|At 31December 2022|163,369|78,174|197,018|438,561|
|NKT BOOK VALUE|||||
|At 31December 2022|10,928,264|45,067|53,839|11,027,170|
|At 31December 2021|10,446,204|50,075|35,967|10,532,246|
##
|15.|STOCKS|||
|---|---|---|---|
|||31.12.22|31.12.21|
||Stocks|625|625|
|16.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR|||
|||31.12.22|31.12.21|
||Trade debtors|104,026|27,869|
||P repayments|4,362|26,120|
|||108,388|53,989|
##
##
##
|CREDITORS: AMOUNTS FALLING DUK WIT|HIN ONK YEAR||
|---|---|---|
||31.12.22|31.12.21|
|Trade creditors||973|
|Social security and other taxes|12,748|14,203|
|Other creditors|3,677|5,182|
|Karse Hasana Loans|4,829,347|4,652,112|
|Accrued expenses|49,147|92,511|
|Deferred Income|390,915|401,972|
||5,285,834|5,166,953|
##
||31.12.22|31.12.21|
|---|---|---|
|Within one year|3,739|3,739|
|Between one and five years|3,367|7,106|
||7,106|10,845|
##
##
##
|MOVEMENT IN FUNDS||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1/1/22|in funds|funds|31/12/22|
|Unrestricted
funds||||||
|General fund||204,748|(65,848)|144,671|283,571|
|Registration
and School Fees||201,347|168,184|(52)373)|317,158|
|Sale ofSchool Uniform||488|(69)||419|
|Contributions
towards school trips||4,194|(4,066)||128|
|Madrassa Fee||51,195|120,523|(120,100)|51,618|
|||461,972|218,724|(27,802)|652,894|
|Restricted funds||||||
|Zakat, Fitra, Fidya and Qurbani||13,426|(59,169)|(17,628)|(63,371)|
|Interest||3,099|350||3,449|
|Grants from Local borough - Education||205,153|71,642|(25,002)|251,793|
|Disaster appeal||882|601||1,483|
|Umrah
and Hajj facilities||12,051|||12,051|
|Project rebuild||5,485,433|323,202|70,432|5,879,067|
|||5,720,044|336,626|27,802|6,084,472|
|TOTAL FUNDS||6,182,016|555,350||6,737,366|
|Net movement
in funds, included|in the|above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General fund|||578,971|(644,819)|(65,848)|
|Registration
and School Fees|||798,131|(629,947)|168,184|
|Sale ofSchool Uniform||||(69)|(69)|
|Contributions
towards school trips|||20,357|(24,423)|(4,066)|
|Madrassa Fee|||94,045|26,478|120,523|
||||1,491,504|(1,272,780)|218,724|
|Restricted funds||||||
|Zakat, Fitra, Fidya and Qurbani|||91,030|(150,199)|(59,169)|
|Interest|||350||350|
|Grants from Local borough - Education|||271,208|(199,566)|71,642|
|Disaster appeal|||12,426|(11,825)|601|
|Project rebuild|||338,677|(15,475)|323,202|
||||713,691|(377,065)|336,626|
|TOTAL FUNDS|||2,205,195|(1,649,S45)|555,350|
##
##
##
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1/1/21|in funds|funds|31/12/21|
|Unrestricted
funds|||||
|General fund|44,782|(109,802)|269,777|204,757|
|Registration
and School Fees|123,214|79,142|(1,018)|201,338|
|Sale ofSchool Uniform|488|||488|
|Contributions
towards school trips|3,102|1,553|(461)|4,194|
|Madrassa Fee|32,827|101,505|(83,137)|51,195|
||204,413|72,398|185,161|461,972|
|Restricted funds|||||
|Zakat, Fitra, Fidya and Qurbani|174|26,053|(12,801)|13,426|
|Interest|1,811|5,112|(3,824)|3,099|
|Grants from Local borough - Education|124,007|128,357|(47,211)|205,153|
|Disaster appeal|2,697|1,510|(3,325)|882|
|Umrah
and Hajj facilities|12,051|||12,051|
|Project rebuild|5,211,737|391,696|(118,000)|5,485,433|
||5,352,477|552,728|(185,161)|5,720,044|
|TOTAL FUNDS|5,556,890|625,126||6,182,016|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||444,763|(554,565)|(109,802)|
|Registration|and School Fees||635,531|(556,389)|79,142|
|Contributions|towards school trips||10,202|(8,649)|1,553|
|Madrassa Fee|||110,550|(9,045)|101,505|
||||1,201,046|(1,128,648)|72,398|
|Restricted
funds||||||
|Zakat, Fitra,|Fidya and Qurbani||180,259|(154,206)|26,053|
|Interest|||5,112||5,112|
|Grants from|Local borough|—Education|334,900|(206,543)|128,357|
|Disaster appeal|||16,840|(15,330)|1,510|
|Project rebuild|||448,711|(57,015)|391,696|
||||985,822|(433,094)|552,728|
|TOTALFUNDS|||2,186,868|(1,561,742)|625,126|
##
##
##
##
##
##
##
##
##
||||F|OR THK YEAR ENDED 3|1DECEMBER 2022||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|INCOME AND|ENDOWMENTS||||||
|Donations
and legacies|||||||
|Donations|||||436,157|263,564|
|Gift aid|||||31,877|76,587|
|Grant from Local council|||||317,140|317,930|
|Zakat Fitra Fidya and Qurbani|||||91,030|136,790|
|Disaster Appeals|||||12,426|16,840|
|Project rebuild|||||338,677|448,711|
|Interest donations|||||350|5,112|
|Income from Sadaqa|||||33)567|43,469|
||||||1,261,224|1,309,003|
|Other charitable||activities|||||
|Summer Fete|||||27,512|34,305|
|Bazaar money and||fundraising|||33,455|13,972|
|Arabic
English and|||Alimah|Courses|32,100|21,202|
|Nikaah &Wedding|||||3,013|2,465|
|School Trips|||||20,357|10,202|
|Sales ofitems|||||5,688|10,156|
|Other Income|||||18,899|14,569|
||||||141,024|106,871|
|Investment
income|||||||
|Profit on deposit||||||10|
|Charitable
activities|||||||
|Registration
and|school fees||||701,313|614,012|
|Madrassa fees|||||101,634|110,550|
||||||802,947|724,562|
|Other income|||||||
|HMRC JRS Grants||||||46,422|
|Total incoming|resources||||2,205,195|2,186,868|
|EXPKNDITURK|||||||
|Raising donations|||and legacies||||
|Zakat Fitra Fidya|and Qurbani||||146,419|130,687|
|Carried forward|||||146,419|130,687|
##
##
||FORTHE YEAR ENDED|31DECEMBER 2022||
|---|---|---|---|
|||31.12.22|31.12.21|
|Raising donations|and legacies|||
|Brought forward||146,419|130,687|
|Disaster Appeals||11,825|15,330|
|Sadaqa expended||1,550|23,519|
|Interest expended||2,200||
|||161,994|169,536|
|Other trading
activities||||
|Purchases||10,903|7,428|
|Support costs ofschooling||30,065|38,452|
|School trips and sportsfield||24,423|8,649|
|Summer fete||14,587|13,913|
|Charity dinner and|Eid party|21,074|2,236|
|Events cost||11,124|1,002|
|Fundraising
costs||7,383|7,661|
|Books magazines|and calenders|5,794|1,391|
|Iftar expenses||1,045||
|Mayyat (burial) expenses||19|50|
|||126,417|80,782|
|Charitable
activities||||
|Advertising||3,608|5,071|
|Support costs||||
|Management||||
|Wages||604,409|613,713|
|Social security||39,427|7,493|
|Pensions||6,262|7,079|
|Hire ofplant and|machinery|5,248|3,842|
|Rates and water||14,699|3,255|
|Insurance||35,623|57,849|
|Light and heat||25,295|21,951|
|Telephone||11,304|3,903|
|Postage and stationery||14,357|10,663|
|Fees and subscriptions||3,976|18,969|
|Premises repairs|and renewals|16,520|17,331|
|Motor expenses||151|767|
|Cleaning services||23,042|28,635|
|Temporary
staff recruitment||12,686|884|
|||812,999|796,334|
##
||FOR THE YEAR ENDED 31D|ECEMBER 2022||
|---|---|---|---|
|||31.12.22|31.12.21|
|Management||||
|Finance||||
|Bank charges||8,256|2,967|
|Other||||
|Training
and welfare||14,820|1,053|
|Travelling
and subsistence||131||
|Equipment
expenses||14,297|19,351|
|General expenses||10,208|21,325|
|Freehold property||4,000|4,000|
|Depreciation ofPortacabin||5,008|5,563|
|Plant and machinery||17,787|11,829|
|||66,251|63,121|
|Governance
costs||||
|Wages||427,408|413,638|
|Social security||21,520|19,785|
|Pensions||2,218|488|
|Auditors'
remuneration||5,000|4,920|
|Auditors'
remuneration|for non audit work||2,600|
|Legal and professional|fees|8,174||
|Accountancy
and legal|fees|6,000|2,500|
|||470&320|443,931|
|Total resources expended||1,649,845|1,561,742|
|Net income||555,350|625,126|