CHARITY REGISTRATION NUMBER.. 272500
The Mosque and Islamic Centre of Brent
Unaudited Financial Statements
30 September 2020
The Mosque and Islamic Centre of Brent
Financial Statements
Year ended 30 September 2020
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities.
16
The Mosque and Islamic Centre of Brent
Trustees, Annual Report
Year ended 30 September 2020
The trustees present their rert and the unaudited finanoal statements of the Charity for the year
gnded 30 September 2020.
R•f•rèn¢o and administrativ• dttsils
Registered charity name
The Mosque arHJ Islamic Centre of Bt
Charity registration number
272500
Principal office
33 A Howard Road
Cricklewood
NW2 6DS
London
The trustees
Mr Mohammed Sadeeq (Chair)
Mr Mohammed Hussain
Mr Mohammed Hukumdad-Ul-
(Jdn
Mr Majed Ismail Chaudry
Mr. Basharat Aslam
Mr. M¢)hammed Najib Khan
Ind•p•nd•nt •xamln•r
R&R Accountancy Services Limited
C8.[led Chartered AccoLbntants
219-A
Cricklewood Broadway
London
NW2 6JX
Stru¢ture* gov•man¢?, and manag¢m?nt
There were no changes in any $tructur•. 9ovemanc8 and managemont for th8 period end8d 30
September 2020.
ObJ•ctlv•s and actlvltl•8
The Charity's activitie5 during the year awe de5rAibed in detail bebw:
Gengral CharitsNg Adivilies.. E(lucationraining Re1louS adivttses prowdgs buildingslfa¢ilitieslopen space.
Income from the various sources was £263.634 in 2020 as compared lo £276,125 In 2019. In this
amount £6.906 relates lo restricted funds and £256.728 to unrestricted funds.
The unrestricted funds expenditure for 2020 was £217,708 as compared to £223,790 in 2019. The
restricted fund expenditure amounted to £3,000 in 2020 as cornpared to £32,150 in 2019.
The primary assets of the charity continued lo be its Ireehold buildings which indude the Mosque and
the Flats.
The Mosque and Islamic Centre of Brent
Trustees, Annual Report (conDnuedJ
Year ended 30 September 2020
Financlal r8vlèw
Designated Funds..
The Charity does not have any designale(I furkts.
Discounted, Continuing and kn4uired Operdth)ns.'
All thè charity's opèrations are continuing and there are no operations that werg discontinued or
acquired during the year.
Funds in deficit".
No lunlls lunreslrifAed, designated, reslrictgd or erKlowmenll are in deficit al the balance she81 data.
Funds in surplus..
There was an operating surplus of £42.926. The restrictsd funds are in surplus by £303,093 and the
unrestricted funds are in surplus by £2,099,483.
Inler-lunds Loan..
There were no intsr-fund loans outstanding al the balance sheet date.
Revaluations..
None ol Ihts ¢hanly's functional fixed assets have been ValUed during the year and the charty does
not have a policy ol valuation of Ihese assgls.
Plans for futur• p•rlod8.
Thg charity is still gxpanding thgir invgstment in propgty to 99nerate more stablo inwmg to support the
charitable ath'vilies and donate towards good causes for people in need. The chanty would also fu$
on the collection of funds lo conlribute lowards the floods and earthquakes vMS all over the world.
The Mosque and Islamic Centre of Brent
Trusts88' Annual Report {CL11nUedj
Year ended 30 September 2020
Plans lorfirturn wrfod• (contn
RESPONS181LrriES OF THE TRUSTEES
The tharity's trust88s are reSponlIe weparing th• Twust888 Armo1 Report And Ihe In8nclal
statsments In aetordww with applScabl8 and regulations.
The law to chanlias In EnglaThJ and Wale8 WL¥rtt the trustees to yepare fin8ntyal
8tstgm8nts fcf 88ch ftnand81 yw. Under that L•w Iho tru8t888 havo to prwre th8 finandal
8t8tement8 Ir¢ •c¢udanc8 wilh Unknd Kkngjom Gontr•lty Accepted Acttnting PratDts (United
Klngdom Ac¢ounlng St8nd8rds and o¥*c4bl8 lthvl. Th& tru5te&s mu81 aFPn)ve Ihe flnanclal
st8t8m•rrtts unle8sth8ywe 8atslled thattlw 9tve 8 true ar¥J lalrthoflhe8latoofoff8lr8 the
ond Iho IrKom8 antl 6XpWTrdJr0 ol the charfty for that F0d.
In wepwlrvJ thfln•nc 8tatwn•nl•. lh• Iru8tee8 a reoulr•d to:
acrwnJng •then apptylhw
C4)nBls1gnty:L*8erw lh• m•thc#J¥ WHI ndpI•l In tho
ChwM•8 SORP.
Btale whoth8r app¥¢¥blg aC¢>Mng b*1 f(*yAYd. to 8ry matartal
+Jewrturu dlxk4l •nd •xpknh In fin•rthl #tslernenl•.
eparts theflnanclal slatsml$ on lh• golw tthl8 Unl rt l•lrJapproprtat• to
esumg thatthe charfty 11 ccnJnue kn ow8110n.
Th• tm&t•¢8 •r• lor knwng •d•4uit• •)xunllng r•c•rd• thot 8urndon¢ ¢0 I)W and
•xthin the th8rfty'1 transxtsons and d18¢kxo vltth r•g8on8t40 •cc#Jrncy at eny bm8 the flnandal
PO8rth)n dthe tharty 8nd •Thab thèrn to •lUre tlthO financ1 Statern ¢x)rnply with ihg Ch8rttSeg
Act 1993 and th• Ch•ffji and R¢ptytsi RegulaOnI 2rJ)8. Thoy arn ts0 ro8p)nslbla for
$ofggu8rding t 88sets of the chailty and hence fcrf TC8b 81•p6 the pr•venUon and
d•tectknn fr•Jd and oth•r *rryulJrfU•8.
TtrUSto. annual ryrtWa8apwM1 on 30ne 21 and &igned behaifofthe board oflnJ8t•
by.
Mr Mthèmm•J Sodw Ichalr)
Trustee
The Mosque and Islamic Centre of Brent
Independent Exarninerfs Rewt to the Twstees of Th8 Mosque and Islamic
Centre of Brent
Year anded 30 September 2020
I report tothe truste•5 on my exarninatic Ofihefina8l 6tst8m*)ts ¢YThe M¢)squo and 18lart* Centr8
of Brent Ilhè charWI for thtr yèar 818 30 2020.
R••pon¥lbllll•¥ •nd bul¥ ofT•POrt
A8 the tnth8 cl Ihe fthwty, ar• Y•8PMslt40 lor thg of tho Ilnanchl stat•m•ntg In
accordence wilh the wlremenls the Chfdlues Ad W11 Ilh• Nd?.
I report In respect of myex8rrAn8tk)n of tho ch81WI flnan¢{ $tstements CarTI out wsder sèetSon 145
01 the 2011 Act and In txrt my examinatKm I hav8 folky•1 all th8 SP1cts1e Direc1c8 glv
by thè ch undèr er 14515Kbl dtho ACL
Ind•p•nd•nt vAamln•rf• •tat*Mrt
Slnc• th• dwrWB gros6 In¢orno •xceed•J £29J,(fQ your examlner must bo a m•mt•r of a body IIBtth
sn $edon 145 of Ihe 2011 I conlkm that l am qualifiad io uThJwtgke th• •x8Mlnats b8cauB8 l arn
a momber ol Ihe A8•)claOon d Chartw•d Ceffl•d kn•>Jntinl8, rfthg11sted bodlo8.
I h8va completad my 0x8mbna(. l oyfflnn th8t no mgtwlal m8ttw8 hav8 CpJm• to ry altenoon In
ccfflThoOn 1h Ihe •xamlnalkn gl¥kng m• cws• to bthve Ihat in any matwtsl rn8pect
gcrywnong record? wer• [1 kept kn re8pxt ol the ¢*adty a8 by s•¢0 130 01th0
tho finanelal st8t8rMnts do t ecmply v461hth?applkabl8 requlrements ¢1¢8M* the lorrn
ond c(ffiton¢ of 8crJ)unls srf oul kn Iho Ch8rf•s IP£ew)ts and Reports) Raguknt19 2CQ8
0th8r IhBn any rnquIrennf Ih&t lh• acnts gfvg a u¢ anLI f81rf eW whlc* ts r1 B matt•r
con8klored 88 Port of an Indyndent eXamSnat.
I have no concerrvJ 8nd hev• rne 8ryC4s ry) other rnattern In ¢mGtlon vhlh th• axamtrn to whk*
sttenlion 8houbJ be dra kn th18 r•wl in to erble a prcger und8r8landlng •C4xunts to b•
r•8th8d.
Oaiw C
Cortifiod Chartor•d *£tuJntan
Lwd
NW2 3HP
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## _**Statement of Financial Activities for the year ended 30 September 2020**_
|**Note**
**Income & Endowments from:**
Donations & Legacies
4
Investments
5
Other
6
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net income for the year**
**Net income after transfers**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**|**Current year**
**Unrestricte**
**d Funds**
**2020**
**£**
57,348
176,118
23,262
**256,728**
217,708
**217,708**
**39,020**
**39,020**
**39,020**
2,060,463
**2,099,483**|**Current year**
**Restricted**
**Funds**
**2020**
**£**
6,906
-
-
**6,906**
3,000
**3,000**
**3,906**
**3,906**
**3,906**
299,187
**303,093**|**Current year**
**Total**
**Funds**
**2020**
**£**
**64,254**
**176,118**
**23,262**
**263,634**
**220,708**
**220,708**
**42,926**
**42,926**
**42,926**
**2,359,650**
**2,402,576**|**Prior Year**
**Total**
**Funds**
**2019**
**£**
106,859
161,308
7,958
**276,125**
255,941
**255,941**
**20,184**
**20,184**
**20,184**
2,339,466
**2,359,650**|
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All activities derive from continuing operations
## **The notes attached on pages 7 to 14 form an integral part of these accounts.**
5
ThE IiosfAIE A140 ISLAMIC C£NTrE OF BREKT
13
2.318,884
2.297.1
Totsl rd u••l¥
CuFr•nt ••M
14
36.347
.112
It bank h•wJ
CTrdltov¥'. •rnourts du•
13
12
241.988
2,560,670
2,531,649
• thon oThJ
16
1402.ST•
R••trlct•d lurbd•
A••trfd•d A•¥•nu• PJ1
17
JJ3,
299.187
290.187
Unr•1¢ Fundl
17
2.099.4
2.oeoh$3
2,&3
2.oeoA83
DMIAn•i•d F
Tat•l ¢h•vlyfund•
MrllOH*MMED WIEEQ Ich
Trwtee
The Mosque and Islamic Centre of Brent
## Notes to the Financial Statements
## Year ended 30 September 2020
## 1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 33A Howard Road, Cricklewood, NW2 6DS, London.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## 3. Accounting policies
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## Going concern
There are no material uncertainties about the charity’s ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
## The Mosque and Islamic Centre of Brent
## Notes to the Financial Statements (continued _)_
## Year ended 30 September 2020
_**3.**_ **Accounting policies** _{continued)_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
All fixed assets are initially recorded at cost.
- 8 -
The Mosque and Islamic Centre of Brent
**Notes to the Financial Statements** (continued)
## Year ended 30 **September 2020**
## **3. Accounting policies** _(continued)_
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture & Fittings 10% straight line Equipment 10% straight line
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
- 9 -
## The Mosque and Islamic Centre of Brent
## Notes to the Financial Statements (continued _)_
## Year ended 30 September 2020
## **3. Accounting policies** _(continued)_
## **Financial instruments** _(continued)_
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4 Donations and Legacies**
|**Donations**
Donations - Friday Collections
Donations - Zakat Fund
**Total donations and gifts from**
**individuals**
**5**
**Investment income**
Property Rental Income
Bank Interest Receivable
**Total investment income**||Current
year
Unrestricted
Funds
2020
£
57,348
-
**57,348**
Current year
Unrestricted
Funds
2020
£
176,100
18
**176,118**||Current
year
Restricted
Funds
2020
£
-
6,906
**6,906**
Current
year
Restricted
Funds
2020
£
-
-
**-**||Current
year
Total
Funds
2020
£
**57,348**
**6,906**
**64,254**
Current
year
Total
Funds
2020
£
**176,100**
**18**
**176,118**||Prior
Year
Total
Funds
2019
£
**82,343**
**24,516**
**106,859**
Prior
Year
Total
Funds
2019
£
**161,285**
**23**
**161,308**|
|---|---|---|---|---|---|---|---|---|
- 10 -
## The Mosque and Islamic Centre of Brent
## Notes to the Financial Statements _(continued)_
## Year ended 30 September 2020
|**6**
**Other income and gains**
**_Current year_**
Arabic Classes
Furlough Income
**Total other income**
**7**
**Total Charitable expenditure**
**_Current Year_**
Total direct spending
**8**
Total charitable activity costs
**9**
Total support costs
**10**
Total Governance costs
**11**
**Total charitable expenditure**
**_Prior Year_**
Total direct spending
Total charitable activity costs
Total support costs
Total Governance costs
**Total charitable expenditure**|Current year
Unrestricted
Funds
2020
£
650
22,612
**23,262**
Current year
Unrestricted
Funds
2020
£
52,729
73,500
87,923
3,557
**217,710**
**Prior Year**
**Unrestricted**
**Funds**
**2019**
**£**
48,796
60,881
111,474
2,640
**223,791**|Current year
Restricted
Funds
2020
£
-
-
**-**
Current year
Restricted
Funds
2020
£
-
3,000
-
-
**3,000**
**Prior Year**
**Restricted**
**Funds**
**2019**
**£**
-
32,150
-
-|Current year
Total Funds
2020
£
**650**
**22,612**
**23,262**
Current year
Total Funds
2020
£
**52,729**
**76,500**
**87,923**
**3,557**
**220,710**
**Prior Year**
**Total**
**Funds**
**2019**
**£**
**48,796**
**93,031**
**111,474**
**2,640**|Prior Year
Total Funds
2019
£
**7,958**
-|
|---|---|---|---|---|
|||||**7,958**|
|||||Prior Year
Total Funds
2019
£
**48,796**
**93,031**
**111,474**
**2,640**|
|||||**255,941**|
||||||
|||**32,150**|**255,941**||
- 11 -
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## **Notes to the Financial Statements** (co _ntinued)_
## **8 Expenditure on charitable activities - Direct spending**
**----- Start of picture text -----**
Current year Current year Current year Prior Year
Unrestricted Restricted Total Total Funds
Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
-
Gross wages and salaries 52,729 52,729 48,796
-
Total direct spending 52,729 52,729 48,796
9 Expenditure on charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Total Funds
Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
Charitable Activites 65,000 - 65,000 93,031
Grants made to organisations 8,500 3,000 11,500 -
Total charitable activities costs 73,500 3,000 76,500 93,031
10 Support costs for charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Total Funds
Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
Premises Expenses
-
Rates and water charges 12,361 12,361 8,549
-
Light heat and power 18,249 18,249 28,828
-
Premises repairs and maintenance 5,000 5,000 15,563
Other Premises Costs - - - 515
Insurance 4,915 - 4,915 4,997
Administrative overheads
Telephone, fax and internet 973 - 973 799
Postage - - - 58
Stationery and printing - - - 567
Subscriptions 1,750 - 1,750 -
Memberships 140 - 140 147
Equipment expenses 1,000 - 1,000 -
-
Health and safety costs 2,814 2,814 5,517
Advertising and marketing 600 - 600 5,459
-
Sundry expenses 6,210 6,210 6,818
-
Consultancy fees 14,000 14,000 15,800
-
Other legal and 1,793 1,793 1,156
**----- End of picture text -----**
12
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## **Notes to the Financial Statements** (co _ntinued)_
|**_Financial costs_**
**Total support costs**
Loan interest
Depreciation
Bank charges|968
-
**968**
**-**
8,191
-
**8,191**
**10,087**
8,958
-
**8,958**
**6,614**
**87,923**
**-**
**87,923**
**111,474**
**-**|
|---|---|
## **11 Other Expenditure - Governance costs**
|Independent Examiner's fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2020**
**£**
3,557
**3,557**|**Current year**
**Restricted**
**Funds**
**2020**
**£**
-
**-**|**Current year**
**Total**
**Funds**
**2020**
**£**
**3,557**
**3,557**|**Prior Year**
**Total Funds**
**2019**
**£**
**2,640**
**2,640**|
|---|---|---|---|---|
## **12 Trustee remuneration and expenses**
The Trustees received no remuneration or expenses for acting as trustees. During the year the total of expense reimbursed to the trustees, incurred in the course of acting as members of the charity, amounted to £Nil.
## **13 Tangible fixed assets**
|**Cost**
At 1 October 2019
Additions
**At 30 September 2020**
**Depreciation**
At 1 October 2019
Charge for the year
**At 30 September 2020**
**Net book value**
**At 30 September 2020**
**At 30 September 2019**|**Land and**
**Buildings**
**Fixture &**
**Fittings**
**Equipment**
**User**
**defined**
**assets**
**Total**
**£**
**£**
**£**
**£**
**£**
1,588,982
208,042
130,031
649,087
2,576,142
-
30,052
-
-
30,052
1,588,982
238,094
130,031
649,087
2,606,194
-
168,878
109,674
-
278,552
-
6,922
2,036
-
8,958
-
175,800
111,710
-
287,510
**1,588,982**
**62,294**
**18,321**
**649,087**
**2,318,684**
**1,588,982**
**39,164**
**20,357**
**649,087**
**2,297,590**|
|---|---|
13
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## **Notes to the Accounts for the year ended 30 September 2020**
|**14 Debtors**
Trade debtors
Other debtors
**15 Debtors due after one year**
**Watford muslim youth Centre**|**2020**
**£**
-
3,260
**3,260**
**2020**
**£**
25,000
**25,000**|**2019**
**£**
1,290
10,057
**11,347**
**2019**
**£**
25,000
**25,000**|
|---|---|---|
The other debtors include £25,000 owed from watford Muslim Youth Centre. There was no interest payable on this amount and is payable within 5 years provided there are fund available.
|**16 **|**Creditors: amounts falling due within one year**
**2020**
**2019**|
|---|---|
|**17 **|**£**
**£**
Accruals
12,832
2,400
**Creditors: amounts falling due after one year**
**2020**
**2019**
**£**
**£**
Bank loans and overdrafts
**158,094**
**171,999**|
**18 Particulars of how particular funds are represented by assets and liabilities**
|**At 30 September 2020**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**At 1 October 2019**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted **
**funds**
**£**
2,318,684
(48,275)
(12,832)
(158,094)
**2,099,483**
**Unrestricted **
**funds**
**£**
2,297,590
(62,728)
(2,400)
(171,999)
**2,060,463**|**Designated**
**funds**
**£**
-
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
-
**-**|**Restricted**
**funds**
**£**
-
303,093
-
-
**303,093**
**Restricted**
**funds**
**£**
-
299,187
-
-
**299,187**|**Total**
**Funds**
**£**
**2,318,684**
**254,818**
**(12,832)**
**(158,094)**
**Total**
**Funds**
**£**
**2,297,590**
**236,459**
**(2,400)**
**(171,999)**
**2,359,650**|
|---|---|---|---|---|
14
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## **Notes to the Accounts for the year ended 30 September 2020**
|**19 Financial Instruments**
**Financial assets measured at fair value through income and expenditure**
Financial assets measured at fair value through income and expenditure
**Financial liabilities measured at fair value through income and expenditure**
Financial liabilities measured at fair value through income and expenditure
**Financial liabilities measured at amortised cost**
Financial liabilities measured at amortised cost|**2020**
**£**
254,818
12,832
241,986|**2019**
**£**
236,459
2,400
234,059|
|---|---|---|
15
## **THE MOSQUE AND ISLAMIC CENTRE OF BRENT**
## **Income and Expenditure Account for the year ended 30 September 2020**
|**_Income_**
Income - Friday Collections & Zakat Fund
Income from investments
HMRC - furlough Income
Interest receivable
Other income - Arabic Classes
**Total Income**
**_Expenditure_**
Gross wages and salaries
Charitable Activites
Grants made to organisations
Rates and water charges
Light heat and power
Premises repairs and maintenance
Other Premises Costs
Insurance
Telephone, fax and internet
Postage
Stationery and printing
Subscriptions
Memberships
Equipment expenses
Health and safety costs
Advertising and marketing
Sundry expenses
Consultancy fees
Other legal and professional
Bank charges
Loan interest
Depreciation
Independent Examiner's fees
**Total expenditure in the year**
**Net income**|**2020**
**£**
64,254
176,100
22,612
18
650
**263,634**
52,729
65,000
11,500
12,361
18,249
5,000
-
4,915
973
-
-
1,750
140
1,000
2,814
600
6,210
14,000
1,793
968
8,191
8,958
3,557
**220,710**
**42,924**
**-**|**2019**
**£**
106,859
161,285
-
23
7,958
**276,125**
48,796
93,031
-
8,549
28,828
15,563
515
4,997
799
58
567
-
147
-
5,517
5,459
6,818
15,800
1,156
-
10,087
6,614
2,640
**255,941**
**20,184**|
|---|---|---|
16