2020-11-30-accounts

Trustees	Mr A Mohmed
	Mr E M Seth
	Mr I M Seth
	Mr EA isa
	Mr SGiga
	Mr H Rashid
	Mr M N Kathrada
	MrSKola
	Mr M Hussein
	Mr A Limbada
	Mr FChapti
	Mr MAAtcha
	Mr I M Mangera
	MrAEAtcha
	Mr I Umarji
	Mr A Petal
	Mr M Kazi
Charity number	258624
Auditor	AMS Accountants	Corporate	Limited
	Chartered Accountants
	Statutory Auditor
	Floor 2
	9 Portland Street
	Manchester
	M1 3BE
Bankers	Barclays Bank PLC
	The Wellsprings
	Victoria Street
	Bolton
	BL1 1BY
	Natwest Bank PLC
	NatWest Bank PLC
	24 Deansgate
	Bolton
	BL1 1BN
Solicitors	Wrigleys Solicitors	LLP
	19Cookridge Street
	Leeds
	Yorkshire
	LS23AG

		Page
Trustees report		1-3
Statement oftrustees	responsibilities
Independent auditor's	report	5-6
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	9-16

				Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2020 6	2020f	2020	2019	2019 6	2019 6
Income from:
Charitable	activities		3	355,084	19,962	375,046	421,351	15,706	437,057
~E* ra
Charitable	activities		4	529,234		529,234	531,261		531,261
Net (expenditure)/income			for
the year/
Net movement		in funds		(174,150)	19,962	(154,188)	(109,910)	15,706	(94,204)
Fund balances		at 1 December
2019				447,111	3,645,109	4,092,220	557,021	3,629,403	4,186,424
Fund balances		at 30
November	2020			272,961	3,665,071	3,938,032	447,111	3,645,109	4,092,220

1	Accounting policies					(Continued)	(Continued)
	Basic financial assets
	Basic financial assets, which include debtors and cash and bank balances,			are initially		measured	at
	transaction price including transaction costs and are subsequently	carried	at	amortised	cost using		the
	effective interest method unless the arrangement constitutes a financing transaction, where the					transaction	is
	measured at the present value of the future receipts discounted at a	market rate		of interest. Financial assets
	classified as receivable within one year are not amortised.
	Basic financial liabilities
	Basic financial liabilities, including creditors and bank loans are initially recognised			at transaction price unless
	the arrangement constitutes a financing transaction, where the debt	instrument		is measured		at the present
	value ofthe future payments discounted at a market rate of interest.	Financial	liabilities classified as payable
	within one year are not amortised.
	Debt instruments are subsequently carried at amortised cost, using the effective		interest rate method.
	Trade creditors are obligations to pay for goods or services that have	been acquired in the ordinary course of
	operations from suppliers. Amounts payable are classified as current	liabilities	if	payment is	due within		one
	year or less. If not, they are presented as non-current liabilities. Trade creditors			are recognised initially			at
	transaction price and subsequently measured at amortised cost using	the effective		interest method.
	Derecognition offinancial liabilities
	Financial liabilities are derecognised when the Charity's contractual	obligations	expire or are			discharged	or
	cancelled.
1.10	Employee benefits
	The cost of any unused holiday entitlement is recognised in the period in which the employee's					services	are
	received.
	Termination benefits are recognised immediately as an expense when	the Charity		is demonstrably committed
	to terminate the employment ofan employee orto provide termination	benefits.
1.11	Funds
	The funds of The Islamic Cultural Centre, Zakaria Mosque Bolton	consists	of	unrestricted		and restricted
	funds.
	A restricted fund was created and all donations received for charitable causes,			other than Zakaria Mosque
	Bolton Charity have been duly treated as restricted, and thus the resulting donations are held					as a restricted
	fund.
	Unrestricted funds are donations and other incoming resources receivable for the			object of the	Charity without
	further specified purpose and are available as general funds.
1.12	Donated services
	Where services are provided to the Charity as a donation that would	normally	be purchased		from suppliers,
	this contdibution is included in the financial statements at an estimate	based on	the value ofthe			contribution	to
	the charity.

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4	Grants	payable
				Donations	Donations
				2020	2019f
	Grants	to individuals	and institutions	226,313	268,455
				226,313	268,455

The average	monthly number ofemployees during th	e year was:
		2020	2019
		Number	Number
Staff
Imam
Total
Employment	costs	2020	2019
		6	6
Wages and salaries		81,769	90,990
Social security costs		3,928
		85,697	90,990

8	Tangible fixed assets
			Land and	Fixtures,	Total
			buildings	fittings &
				equipment
				6
	Cost
	At 1 December 2019		3,593,467	84,541	3,678,008
	At 30 November 2020		3,593,467	84,541	3,678,008
	Depreciation and impairment
	At 1 December 2019		142,301	81,564	223,865
	Depreciation charged	in the year	69,023	744	69,767
	At 30 November 2020		211,324	82,308	293,632
	Carrying amount
	At 30 November 2020		3,382,143	2,233	3,384,376
	At 30 November 2019		3,451,166	2,977	3,454,143

Debtors
				2020	2019
Amounts falling due		within one year:		6	6
Other debtors				15,000	15,001
Creditors: amounts		falling due within	one year
				2020	2019
					6
Other taxation	and social security			1,234	830
Other creditors					17,633
Accruals and deferred		income		3,000
				4,234	18,463

11	Analysis of net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	Funds		funds	Funds
		2020 6	2020 6		2019f	2019 f	2019f
	Fund balances at 30
	November 2020 are
	represented by:
	Tangible assets	3,384,376		3,384,376	3,454,143		3,454,143
	Current assets/(liabilities)	553,656		553,656	638,077		638,077
		3,938,032		3,938,032	4,092,220		4,092,220