JAMIA MASJID WEST DRAYTON TRUST Statement of Financial Activities For the year ended 31 May 2021
| Notes | 2021 | |
|---|---|---|
| £ | ||
| Incoming resources | ||
| Donations and gifts | 26,626.93 | |
| Direct charitable expenditure | 2 | (6,835.82) |
| Management and administration of the charity | 3 |
(12,016) |
| Other operating income | 0 | |
| Total resources expended | (18,851.82) | |
| Net incoming resources for the Period | 7,775.11 | |
| Interest payable | 4 | 0 |
| Profit on ordinary activities before taxation |
7,775.11 | |
| Tax on profit on ordinary activities | 5 | 0 |
| Profit for the financial year | 7,775.11 |
All the income and expenditure in the period was unrestricted.
All operation relate to continuing activities.
There are no other recognized gains or losses in the period.
The notes on page 1 to 5 form part of these financial statements.
Approved by the board of Trustees and signed on its behalf by 26 February 2021
Mr M A Chaudhry Director
JAMIA MASJID WEST DRAYTON TRUST Notes forming part of the financial statements For the year ended 31 May 2021
1 Accounting policies
Accounting Convention
The financial statements have been prepared under the historical cost convention and are in accordance with applicable accounting standards.
They have been prepared in accordance with the Statement of Recommended Practice 'Accounting by Charities'. The following principal accounting policies have been applied:
Income
Income includes the total funds received during the year and comprises donations collected directly or by volunteers.
Resources Expended
The expenditure is classified under categories which reflect the use of the resource and is accounted for when the payment is incurred.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. It is calculated at the following rates:
Plant and machinery
10% reducing balance method
2 Direct charitable expenditure
There are £6835.82 Repairs and maintenance, medical and food expenses during the year.
| 3 Management and Administration of the charity | 2021 |
|---|---|
| £ | |
| Rates | 1308 |
| Light and heat | 2652 |
| Advertising and PR | 7800 |
| Depreciation | 130 |
| Cleaning | 126 |
| 12,016 |
4 Interest payable
There is no any interest payable during the year.
5 Taxation
No corporation tax has been provided in the financial statements as Jamia Masjid West Drayton registered and is within the exemption granted by section 505 of the Income and Corporation Taxes Act 1988.
Approved by the board of Trustees and signed on its behalf by 26 February 2021
Mr M A Chaudhry Director