Charity registration # 271538
THE BALHAM MOSQUE
Annual Report
for the year ended 31st March 2021
M.ZAIDI AND CO
STATUTORY AUDITORS
241 Mitcham Road, Tooting, London SW17 9JQ Telephone: 0208 767 2300, Fax: 020 8767 9110
THE BALHAM MOSQUE
Information Trustees Sir Iqbal Sacranie Mr.Haroon Karim Mr.Haroon Daud Mr. Mohammed Ayaz Niazi Mr. Farouk Valimohamed Mr A K Amejee Mr Aniz Jussab Registered Office 47A Balham High Road London SW12 9AW Auditors M.Zaidi and Co Statutory Auditors 241 Mitcham Road London SW17 9JQ Bankers HSBC 117 Balham High Road London SW17 9AJ National Westminster Bank Plc 63 - 65 Piccadilly London W1J OAJ Al Rayan Bank 77-79 Edgware Road London W2 2HZ Charity Reg Number 2 7 1 5 3 8
THE BALHAM MOSQUE
Contents
| Page | |
|---|---|
| Trustees' Annual Report | 1 - 3 |
| Auditor's Report | 4 - 6 |
| Statement of Financial Activities | 7 - 9 |
| Balance sheet | 10 |
| Notes to the accounts | 10 - 15 |
THE BALHAM MOSQUE
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31st MARCH 2021
The Trustees present their report together with the financial statements of the charity for the year ended 31st March 2021.
The Balham Mosque, 47A Balham High Road, london SW12 9AW is registered with the Charities Commission (Registration Number 271538) and constituted by Deed of Trust.
Principal Activities
The principal activities and objective of the charity is the advancement of religion by conduct of public worship and the religious instruction of person according to the tenets of the religion of Islam.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Charity's Structure, Governance and Management
The charity is made up of a board of Trustees, Management Committee (or 'Office Bearers') and Sub-committees which oversee the functioning of the charity as well over seeing our full-time salaried staff that are responsible for the day-to-day running of our Centres.
Recruitment and appointment of Trustees
The new Trustees are appointed by the existing trustees. The charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed.
Any charity trustee so appointed and who is not one of the first charity trustees shall be appointed for a term of five years by the charity trustees. Such appointment can be renewed at the discretion of the existing trustees at the time.
Brief description of charity's achievements and performance during the period
The Charity Trustees have carried out substantial work for the benefit of its members and other members of the community.
The main purpose of the Charity is to provide prayer facilities and religious education to the community. It also provides burial services and counselling service to the community.
Page 1
THE BALHAM MOSQUE
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31st MARCH 2021
This year has not passed without a struggle bearing in mind that we have been going through a Covid period for the last two years. The number of deaths in the community has increased substantially which resulted in active work by the burial Committee and other Volunteers who supported us in carrying out the burial and other bereavement services. It comes down to tireless efforts of Trustees, Committee Members, Volunteers, Staff & Donors which is very much appreciated. We would like to thank them all for their continuing service and support in helping our Organisation.
In view of the effect of Covid on the elderly in the community the Charity provided meals and food to number of families in the area. It also worked closely with Tooting Community Kitchen in providing food support to the needy in our borough. It must be noted that the service and was provided to those in need, irrespective of their ethnicity or faith.
We also note with sadness that the mosque facilities including madrassah classes had to be shut down for certain period to be in adherence to Government regulation.
The Trustees regards to the Charity Commission's guidance on public benefit
It is always the aim of the trustees to ensure to ensure the guidance provided by the Charity Commission is taken seriously and implemented.
Reserve Policy
- 1.1 It is the policy of Balham Mosque & Tooting Islamic Centre to maintain free reserves at a level which balances our objectives to develop and support services with our need to remain financially stable.
1.2 A minimum level of free reserves equating to at least 4 months of unrestricted expenditure is considered sufficient to cover management, administration and support costs and to respond to emergency needs which arise from time to time.
-
1.3 In addition, there is also a need to designate certain sums from free reserves for anticipated expenditure in the short to medium term.
-
1.4 This would generally be for capital expenditure and will be specified in the notes to the annual accounts.
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1.5 It is anticipated that total free reserves, including designated funds, would be maintained at a level of 4 months of unrestricted expenditure.
Trustee's responsibilities in relation to financial statements
Law applicable to the charities in England and Wales requires the Trustees to prepare financial statements for each financial year, which give true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
Page 2
THE BALHAM MOSQUE
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31st MARCH 2021
-
State whether applicable accounting standards and statement of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping financial records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the provisions of Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The charity is administered by an executive management committee comprising:
Chairman : Arshad Daud Vice Chairman : Naeem Siddiqui Secretary : Umar Valimohamed Assistant Secretary : Nadeem Mian Trustee Representative : Ayaaz Niazi Acting Treasurer : Farouk Valimahomed
Approved by the board on ....................... and signed on its behalf by:
.............................. Mr A K Amejee Trustee Date : ......................
..............................
Mr Haroon Daud Trustee
Date : ......................
Page 3
INDEPENDENT AUDITORS' REPORT TO
THE TRUSTEES OF THE BALHAM MOSQUE
FOR THE YEAR ENDED 31st MARCH 2021
Opinion
We have audited the financial statements of The Balham Mosque for the year ended 31st March 2021, which comprise the statement of financial activities, the balance sheet, and the related notes, including a summary of significant accounting policies.The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31st March 2021, and of its incoming resources and application of resources, for the period then ended;
-
have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
-
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Page 4
INDEPENDENT AUDITORS' REPORT TO
THE TRUSTEES OF THE BALHAM MOSQUE
FOR THE YEAR ENDED 31st MARCH 2021
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by Exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:
-
sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilties of the trustees
The trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Page 5
INDEPENDENT AUDITORS' REPORT TO
THE TRUSTEES OF THE BALHAM MOSQUE
FOR THE YEAR ENDED 31st MARCH 2021
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor's report.
Use of our report
This report is made solely to the Charity's trustees, as a body, in accordance with section 144* of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
....................................................
Mr M Zaidi (Senior Statutory Auditor) For and on behalf of M.Zaidi & Co Chartered Accountants & statutory Auditors 241 Mitcham Road London SW17 9JQ
Date:.....................
Page 6
THE BALHAM MOSQUE
STATEMENTS OF FINANCIAL ACTIVITIES YFOR THE YEAR ENDED 31 MARCH 2021
| Notes Incoming Resources 1.1 General Donations Madrassah Donations Annual Family Fun Day Anerley Orchard Cemetery-Donations Rent received From Al Risala towards TIC Expenses Calender project receipts Radio transmitters receipts Madrassah Quran Project TIC Project Nikkah Certificate Membership Fees Books Funeral Services Gift aid refund Sports & other Events Arabic Class Takmilah Course New Hearse Appeal Other Income Return on Investment Total before Zakat, Sadaqah, Fitrana, Appeals & Interest Zakat, Sadaqah,Fitrana & Fidya Collection for others & special appeals Interest (to be donated) Total Incoming Resources Resources Expended 1.2 Advertising Mosque Staff Salaries Madrassah Staff Salaries Staff pension costs Staff training Calenders project cost Radio transmitters cost Rates Insurance Website costs |
Restricted Unrestricted Funds Funds £ £ 134,412 20,044 - 51,977 295,779 14,379 1,625 900 - 4,804 381 2,710 1,200 50,337 51,311 630 160 330 43,118 9,990 2,711 - 686,798 44,279 9,193 879 54,351 686,798 - 138,138 116,502 4,021 446 1,590 - 33 20,099 1,182 |
2021 Total Funds £ 134,412 20,044 - 51,977 295,779 14,379 1,625 900 - 4,804 381 2,710 1,200 50,337 51,311 630 160 330 43,118 9,990 2,711 686,798 44,279 9,193 879 741,149 - 138,138 116,502 4,021 446 1,590 - 33 20,099 1,182 |
2020 Total Funds £ 125,281 73,487 23,658 - 285,414 18,108 2,609 1,200 500 63,007 600 1,760 3,401 33,659 53,119 7,525 2,125 740 - - 2,553 |
|---|---|---|---|
| 698,746 65,270 24,594 761 |
|||
| 789,371 | |||
| 4,333 149,161 123,149 4,550 1,913 1,800 2,592 1,664 18,935 861 |
Page 7
THE BALHAM MOSQUE
STATEMENTS OF FINANCIAL ACTIVITIES YFOR THE YEAR ENDED 31 MARCH 2021
| Notes Light & Heat Repairs and Maintenance Printing, Postage and Stationery Telephone and internet Books Purchased Quran Project Dawah Expenses Funeral services expenses TIC Project Expenses Funday Expenditure Sports/Events Legal and Professional Services Anerley Orchard Cemetery-Expenses Covid-19 Expenses Accountancy Audit fees Bank Charges Loan Charge Matrix Tenant Deposit Protection Fee Cleaning Services Membership Fees Amortization of sharia compliant loan cost Depreciation on Improvement of Buildings Amortisation on long leasehold Depreciation on FF & Equipment Depreciation on motor vehicles Total before Zakat, Sadaqah, Fitrana, Appeals & Interest Government Grants Zakat, Sadaqah & Fitrana Collection for others- Special Appeals payments Interest received donated Total Resources Expended Net Incoming Resources for the year Total funds brought forward Total funds carried forward |
2021 2020 Restricted Unrestricted Total Total Funds Funds Funds Funds £ £ £ £ 32,445 32,445 38,224 61,661 61,661 52,540 2,122 2,122 2,088 4,611 4,611 4,378 2,029 2,029 3,577 - - 618 275 275 2,402 40,829 40,829 28,271 - - 10,916 - - 3,139 839 839 18,124 13,668 13,668 21,952 43,352 43,352 - 2,291 2,291 - 3,000 3,000 3,000 1,200 1,200 1,200 2,013 2,013 1,228 1,107 1,107 53,664 - - 40 26,023 26,023 36,130 500 500 - - - 21,802 41,758 41,758 41,758 1,966 1,966 1,966 12,877 12,877 11,189 9,784 9,784 - - 586,361 586,361 667,164 118,971 118,971 30,479 30,479 69,000 15,944 15,944 11,220 - - - 46,423 467,390 513,813 747,384 7,928 219,408 227,279 41,987 34,442 3,935,680 3,970,122 3,928,136 42,370 4,155,031 4,197,401 3,970,123 |
2020 Total Funds £ 38,224 52,540 2,088 4,378 3,577 618 2,402 28,271 10,916 3,139 18,124 21,952 - - 3,000 1,200 1,228 53,664 40 36,130 - 21,802 41,758 1,966 11,189 - |
|---|---|---|
| 667,164 69,000 11,220 - |
||
| 747,384 |
Page 8
THE BALHAM MOSQUE
STATEMENTS OF FINANCIAL ACTIVITIES YFOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| Notes | Funds | Funds | Funds | Funds |
| £ | £ | £ | £ |
The statement of financial activities includes all gains and lossess in the year. All incoming resources and resources expended derive from continuing activities.
Page 9
THE BALHAM MOSQUE
Balance sheet as at 31st March 2021
| 2021 | 2020 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||||||||
| Fixed assets | |||||||||||||
| Tangible assets | 3 | 3,641,579 | 3,655,262 | ||||||||||
| Deferred revenue expenditure | |||||||||||||
| Sharia compliant loan cost | - | - | |||||||||||
| Current assets | |||||||||||||
| Debtors and prepayments | 5 | 817,332 | 831,258 | ||||||||||
| Cash at bank and in hand | 1,128,346 | 908,737 | |||||||||||
| 1,945,678 | 1,739,995 | ||||||||||||
| Current liabilities | 6 | ||||||||||||
| Creditors | 4,590 | 4,670 | |||||||||||
| Sundry Creditors and Accruals | 21,266 | 16,465 | |||||||||||
| 25,856 | 21,135 | ||||||||||||
| Net current assets | 1,919,822 | 1,718,860 | |||||||||||
| Total assets less current | |||||||||||||
| liabilities | 5,561,401 | 5,374,122 | |||||||||||
| Long-term liabilities | 7 | (1,364,000 | ) | (1,404,000 | ) | ||||||||
| Net assets | 4,197,401 | 3,970,122 | |||||||||||
| Accumulated Funds | 10 | ||||||||||||
| Unrestricted funds | 4,155,031 | 3,935,680 | |||||||||||
| Restricted funds | 42,370 | 34,442 | |||||||||||
| 4,197,401 | 3,970,122 |
............................ ............................. Mr A K Amejee Mr. Haroon Daud Trustee Trustee Date: ................... Date: ...................
Page 10
THE BALHAM MOSQUE Notes to the accounts
for the year ended 31st March 2021
1. Accounting policies
1.1. Accounting convention
The financial statements have been prepared under historical cost convention, in accordance with Accounting and Reporting by Charities - Charities Act 2011 and with applicable Accounting Standards.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
1.2. Incoming Resources
Recognition of Incoming Resources
These are included in Statement of Financial Activities (SoFA) when:
-
the charity became entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fund raising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and Donations
Grants and donations are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
1.3. Resources Expended
All expenditure will be recognised in the period in which a liability is incurred and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff
Cost of generating funds
These are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Page 11
THE BALHAM MOSQUE Notes to the accounts
for the year ended 31st March 2021
1.4. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
- Land and buildings 2% Straight Line - Leasehold properties Straight Line over the life of the lease - Fixtures fittings & equipment 25% Straight Line Motor vehicles - 10% Straight Line - Islamic sharia compliant loan cost 15 years as per loan duration
2. Staff Costs
| Staff Costs Wages and Salaries (Including employer's NIC) Average number of monthly employees |
2021 £ 254,640 28 |
2020 £ 281,332 |
|---|---|---|
| 28 |
No employee received remuneration of more than £60,000 during the year.
| 3. | Tangible assets | Land and | Land and | Land and | Fixtures | Fixtures | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| buildings | **buildings ** | fittings and | Motor | ||||||||
| freehold | leasehold | Equipment | vehicles | Total | |||||||
| £ | £ | £ | £ | £ | |||||||
| Cost | |||||||||||
| At 1st April 2020 | 2,087,877 | 1,953,574 | 113,504 | - | 4,154,955 | ||||||
| Additions | - | 13,568 | 39,134 | 52,702 | |||||||
| At 31st March 2021 | 2,087,877 | 1,953,574 | 127,072 | 39,134 | 4,207,657 | ||||||
| Depreciation | |||||||||||
| At 1st April 2020 | 378,811 | 28,380 | 92,502 | 9,784 | 509,477 | ||||||
| Charge for the year | 41,758 | 1,966 | 12,877 | - | 56,601 | ||||||
| At 31st March 2021 | 420,569 | 30,346 | 105,379 | 9,784 | 566,078 | ||||||
| Net book values | |||||||||||
| At 31st March 2021 | 1,667,308 | 1,923,228 | 21,692 | 29,350 | 3,641,578 | ||||||
| At 31st March 2020 | 1,709,066 | 1,925,194 | 21,002 | (9,784 | ) | 3,655,262 |
Page 12
THE BALHAM MOSQUE
Notes to the accounts
for the year ended 31st March 2021
| 4. | Auditors Remuneration | 2021 | 2020 | |
|---|---|---|---|---|
| £ | £ | |||
| Fees payable for the audit of the financial statements | 1,200 | 1,200 | ||
| 1,200 | 1,200 | |||
| 5. | Debtors | 2021 | 2020 | |
| £ | £ | |||
| Receivable from Ableband Ltd | 663,297 | 639,661 | ||
| HMRC Gift Aid | 130,300 | 173,202 | ||
| Other Debtors | 14,379 | 18,108 | ||
| Prepayments | 9,356 | 287 | ||
| 817,332 | 831,258 | |||
| 6. | Current liabilities | 2021 | 2020 | |
| £ | £ | |||
| Tenants' deposit | 4,407 | 4,407 | ||
| Funeral Expenses-Advance paid | 4,590 | 4,670 | ||
| Sundry creditors & accruals | 16,859 | 12,058 | ||
| 25,856 | 21,135 | |||
| 7. | Long-term liabilities | 2021 | 2020 | |
| £ | £ | |||
| Qarz-e-Hasna (Interest free loan) | 35,000 | 75,000 | ||
| Al-Rayan Loan | 1,329,000 | 1,329,000 | ||
| ------------- | ----------- | |||
| 1,364,000 | 1,404,000 |
Page 13
THE BALHAM MOSQUE Notes to the accounts
for the year ended 31st March 2021
8. Banks securities and facilities:
National Westminster Bank PLC facilities:
ABT Sharia Finance Loan satisfied fully on the 04/05/2020.
Securities:
The Sharia compliant loan is secured over the Charity's asset, "Orchard Lodge Sports Ground, William Booth Road, Penge, Bromley" as 1st legal charge.
9. Loan from Al-Rayan Bank
The Balham Mosque has obtained a loan of £1.3 M from Al-Ryan Bank on the 13th of December 2018, which has a legal charge against 15 Laitwood Road property.
| **10. ** | Movements in Funds At 1st April 2020 Incoming Resources Outgoing Resources Prior Year Adjustments At 31st March 2021 £ £ £ £ £ Unrestricted Funds 3,935,680 805,769 ) (586,418 - 4,155,031 Restricted Funds 34,442 54,351 ) (46,423 - 42,370 Total 3,970,122 860,120 ) (632,841 - 4,197,401 Restricted Funds At 1st April 2020 Incoming Resources Outgoing Resources Prior Year Adjustments At 31st March 2021 £ £ £ £ £ Zakat, Sadaqah,Fitrana & Fidya 9,722 44,279 ) (30,479 - 23,522 Collection for others & special appeals 21,800 9,193 ) (15,944 - 15,049 Interest fund 779 879 - - 1,658 P.A system 2,141 - - - 2,141 34,442 54,351 ) (46,423 - 42,370 |
Movements in Funds At 1st April 2020 Incoming Resources Outgoing Resources Prior Year Adjustments At 31st March 2021 £ £ £ £ £ Unrestricted Funds 3,935,680 805,769 ) (586,418 - 4,155,031 Restricted Funds 34,442 54,351 ) (46,423 - 42,370 Total 3,970,122 860,120 ) (632,841 - 4,197,401 Restricted Funds At 1st April 2020 Incoming Resources Outgoing Resources Prior Year Adjustments At 31st March 2021 £ £ £ £ £ Zakat, Sadaqah,Fitrana & Fidya 9,722 44,279 ) (30,479 - 23,522 Collection for others & special appeals 21,800 9,193 ) (15,944 - 15,049 Interest fund 779 879 - - 1,658 P.A system 2,141 - - - 2,141 34,442 54,351 ) (46,423 - 42,370 |
|---|---|---|
| 42,370 |
Page 14
THE BALHAM MOSQUE
Notes to the accounts
for the year ended 31st March 2021
11. Analysis of Net Assets Between Funds
| Analysis of Net Assets Between Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| Funds | Funds | Funds | ||||||
| At 31st March 2021 | £ | £ | £ | |||||
| Tangible Fixed Assets | 3,641,579 | - | 3,641,579 | |||||
| Defferred revenue expenditure | - | - | - | |||||
| Current Assets | 1,945,678 | - | 1,945,678 | |||||
| Current Liabilities | (25,856 | ) | - | (25,856 | ) | |||
| Long-term liabilities | (1,364,000 | ) | - | (1,364,000 | ) | |||
| 4,197,401 | - | 4,197,401 | ||||||
| At 31st March 2020 | £ | £ | £ | |||||
| Tangible Fixed Assets | 3,655,262 | - | 3,655,262 | |||||
| Defferred revenue expenditure | - | - | - | |||||
| Current Assets | 1,739,995 | 1,739,995 | ||||||
| Current Liabilities | (21,135 | ) | - | (21,135 | ) | |||
| Long-term liabilities | (1,404,000 | ) | - | (1,404,000 | ) | |||
| 3,970,122 | 3,970,122 |
12. Related Party Transactions:
The related parties of the charity are the common trustees.
There were no wages paid to the trustees during the year. During the year Al-Risalah Education trust paid The Balham Mosque £14,379.47 towards Tooting Islamic Centre Expenses.
Page 15