Financial Report 1st May 2020 to 30th April 2021
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Restricted Funds Unrestricted Funds Total Funds
Incoming Resources
Incoming resources from generated funds
Voluntary Income 62256 147602
Investment income 0 0
incoming resources from charitable activities 0 0
total incoming resources 62256 147602
resources expended
costs of generated funds 0 0
investment management costs 0 0
charitable activities 33138
governance costs
total resources expended 33138
net incoming resources 0
total funds brought forward 114464
total funds carried forward 114464
All activities relate to continuing operations
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Balance carried forward from previous year
85346 0 0 85346
0 0
| **May '20 - Apr 2021 ** | May '19 - Apr '20 | |
|---|---|---|
| Fixed Assets | ||
| Tangible fxed assets | 1.5 million | 1.5 million |
| investment property | 0 | 0 |
| current assets | ||
| debtors | 0 | 0 |
| Cash at bank and in hand | 114464 | 85346 |
| creditors: amounts falling due | ||
| within 1 year | 0 | 0 |
| net current assets | 114464 | 85346 |
| charity funds | ||
| unrestricted funds | 114464 | 85346 |
| restricted funds | 0 | 0 |
| total funds | 114464 | 85346 |
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tangible fixed assets freehold land and buildings
fixtures, fittings and equipment
As a registered charity, the
charity is exempt from income
and corporation tax to the
extent that its income and
gains are applicable to the
Taxation charitable purposes
voluntary income restricted funds unrestricted funds total funds
appeals and donations 0 62256 147602
investment income
rental income 0 0 0
incoming resources from charitable activities
Mosque 0 0 0
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balance carried forward from previous year
85346 0 0
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Investment management costs
restricted unrestricted total funds
funds funds total funds year before
property costs: Improvements, repairs & renewals 0 19000 19000 45000
Analysis of resources expended by activities
activities
undertaken total year
directly support costs total before
Bills: Water, Light, Heat, Telephone & Broadband 8838 9521
Mosque activities/Miscellaneous expenses none due to covid 19
(teaching materials and equipment, travel,
food etc.)
Insurance 1100 1200
Legal and Professional Cost 4200 4200 500
Building Improvements 19000 19000
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The charity is controlled by trustees who work voluntarily without any pay and are not reimbursed for any expenses, and receive no benefits in kind
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Tangible fixed assets
freehold land and fixtures, fittings and
buildings equipment total
cost
at 1st May 2020 1.5 million £25,000 1,525,000
Additions
Disposals
At 30th April 2021 1.5 million
depreciation
At 1st May 2020 £25,000
Charge for the year
At 30th April 2021 £23,000
net book value
At 30th April 2021 1.5 million £23,000 1,523,000
freehold
investment
Investment property property
cost
at 1st May 2020 0 0 0
additions at cost 0 0 0
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At 30th April 2021
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Debtors 04/21 04/20
prepayments and accured income 0 0
other debtors 0 0
Creditors
amounts falling due within one year
04/21 04/20
trade creditors 0 0
accruels and deferred income 0 0
other creditors 0 0
Statement Funds
Brought Incoming Resources Carried
Forward Resources Expended Forward
Unrestricted funds 85346 62256 33138 114464
restricted funds 0 0 0 0
total funds 85346 62256 33138 114464
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Trustees re ort for the ear ended 30 A ril 2021. The charity has a reserve policy which is to maintain a suffitient level of liquid reserves to meet short term obli8ation5 and any unforeseen expenditure. Thi5 reSee amount 15 20,(m PDunds which the Irustees are satisfied with. Durin8 the year the chartty raised a total of £62256 pounds of incoming resources before charity expenditure this added to money brought forward from the previous year1£85346 pounds) amounied to a total of £147.602 pounds. All of the funds raised werevoluntary donations from within the Markazi Jamiat Ahl-E-Hadith (Bradlordl mas1. The expenditure was £33.138 ptyJnds for the year leaving a closing balance of £114,464 pound5 in the Mark41ij4ini4tAhl-E-Hadith account. A5 identrfied irb the last few yeaws report5 we outlined the work needed tts be tondu(ted to a side extension ro the building for a new wudhulablviion area_ This has been ongoing work and the majority of the expenditure ha5 Sone towards the building ol the wudhu/ablutKTrn area. However. thi5 ha5 been a slow ongoing process due to the Cwd-19 pandemic and due to builders not lulfilling their commitments. We are tryln8 to complete 5t as soon a5 P055ible even though lockdowll has meant masjid thas had to cle several times. The trustees have contind io pui a stop to all paid workers and instead have only volunteer5 on board which ha5 meant there ha5 bEen no wages been paid forthe whole year. Expenditu was used on energv l utility bills. insur3r and telephone & broadbarld bill as well as legal fees. There were hardly any activie5 or classe5 due to the IkdOWn re5tri(tions henie why they isnt any miscellarous eypenses this year. The case that 15 lodged wtth the employrnent appea15 tribunal 15 Still orw)in& fvrther details have previously been supplied to rhe charity commtssion. A date has teen set for 10th and Ilth Novemter 2021 lor case to be heard again. atel Il.. Mr Ehsan withdrew his Gise due to the court highlight1 his lies and deceit. he know owes the Markazi Jamiat Ahl- E-Hadith money as per the judges orders. The tase rulin8 can be found on the government courts website. The trustees have set up a new ccffisllt10n forthe charity $0 that il can turn into a ao. The property will be changed intothe CIO'S name in due course and the old charity will be wound up once the new CIO take5 tsver. The plan fof the future is io Compte wudhuIatdn aa as soon as poss&ble. ideally soon afterthe Coirid-19 pandemK is over. We also intend to repair the masjid rf which has rnajor leaks in it. In the next few years the whole masjid building needs updating due to deteroration $0 therefo we wll Start this rerK)vation and updating in 5tage5 as 5L¥)n a5 POS5ible idealty startin8 Wtth the electric5 and heating. We aim to continue the open days lor members ol the community and lotsl sthools and hope to provide further relevant classes for mernbers of the community including those with vulneraNe needs. once the pandemic is over.
| Receipts | ||
|---|---|---|
| OpeningBankBalance onatons Received |
85,345 | |
| 62,255 | 147,602 | |
| ayment | ||
| .ter | 472 | |
| -1&Heat | 7,729 | |
| eleprone & Brcadcan | 637 | |
| rsurace | 2,100 | |
| Buldingimprovrnents Legal&Professio-aCost |
19,000 4,200 |
33,138 |
| Cicsing Bank 3alance | 114,464 |
| PrestonHouse | ||
|---|---|---|
| PrestonStreet | ||
| Bradford | ||
| BD71JE | nfield | Accountants |
Leavensgarth Assoc.
Business Advisors and Accountants
Leavensgarth 195 Leaventhorpe Lane, Thornton Bradford BD13 3BL T: 0044(0) 7890 454587 F: 00 44(0) 1756 791064 E: Atif@optimal-gear.com W: www.leavengarth-assoc.com
~~29 20th January 2022~~ ~~[th] January 2021~~
To whom it may concern
Markazi Jamiat Ahl-e-Hadith
Dear Sirs
I can confirm that the I, Atif Zia ACMA MBA AAIA as an independent qualified accountant, have reviewed the above charity income and expenditure statement and the working papers that were used to compile the statement by the current accountants. I have also spoken to committee members and discussed controls in place to monitor collection and recording of the monies received.
I can confirm that the statement is accurate and true representation of the charities position as at April 2020 2021
Yours faithfully Leavensgarth Assoc.