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2022-03-31-accounts

Trustees Mr SEbrahim
Mr A Walji
Mr A Salehl
Mr N Virji
Charity number 273130
Principal address 2-8 Burton Street
Peterborough
Cambrldgeshlre
PE1 5HD
Auditor Deitch Cooper LLP
1eFloor, 3 Hobbs House
Harrovian
Business Village
Bessborough
Road
Harrow
Middlesex
HA1 3EX
Bankers Barclays Bank PLC
114High Street
Old Fletton
Peterborough
PE2 BDP
Solicitors Hunt &Coombs LLP
35Thorps Road
Peterborough
Cambridgeshire
PE3 6AG
ONce bearers Rizwan Rahemtulla President
Abbas
Man]i		 Vlcc president
Mohamed
Abbas		 Karlm Secretary
Shozebali
Ebrahim		 Assistant Secretary
Ramzan
Waljl		 Treasurer
Imtlazall
Bhlmenl		 Assistant treasurer
Elected members
Management committee Abbasali
Husselnaly		 Damanl Shia Sports
Malsam
Husselnaly		 Damanl Education
Shokat Bhalwani HVC/Kitchen
Murtaza
Ramzan		 Wal/I Maintenance
Shabbir Sadak Madrasah
Mohamed
Slddlq		 Jaffer Youth
Nominated - Management
committee Dr Azher Rizvi Medical

Page
Trustees'
report		 1-5
independent auditor's
report		 6-8
Consofidated statement
offinanclal		 activities
Consolidated statement
offinancial		 position
Charity statement
offinancial
position
Consolidated statement
ofcash flows		 12
Notes to the financial statements 13-29

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2022
f		 2022f 2022f 2021f 2021
f		 2021
f
Income from:
Donations
and legacies		 99,167 142,624 241,791 82,830 648,135 730,965
Charitable
activities		 34,259 39,138 73,397 38,817 37,666 76,483
Investments 115,889 115,889 93,935 93,935
Total Income 249,315 181,762 431,077 215,582 685,801 901,383
endlture on:
Raising funds 7 27,174 27,174 21,869 2,000 23,869
Charitable
activities		 8 132,785 184,584 317,369 130,407 227,440 357,847
Total resources expended 159,959 184,584 344,543 152,276 229,440 381,716
Revaluation
of investment
properties 275,000 275,000 31,615 31,615
Net Incoming/(outgoing)
resources before transfers 364,356 (2,822) 361,534 94,921 456,361 551,282
Gross transfers
between
funds 18 (20,196) 20,196 (14,091) 14,091
Net Income for the year 344,160 17,374 361,534 80,830 470,452 551,282
Other recognised
gains and
losses
Net movement
In funds		 344,160 17,374 361,534 80,830 470,452 551,282
Fund balances at 1 April 2021 4,363,677 3,278,459 7,642,136 4,282,847 2,808,007 7,090,854
Fund balances at 31 March
2022 4,707,837 3,295,833 8,003,670 4,363,677 3,278,459 7,642,136

2022 2021
Notes
Fixed assets
Tangible assets 12 5,010,454 5,025,928
Investment properties 13 2,871,000 2,596,000
7,881,454 7,621,928
Current assets
Debtors 14 34,608 45,001
Cash at bank and In hand 667,699 672,592
702,307 717,593
Creditors: amounts falling due within 16
one year (402,699) (498,503)
Net current assets 299,608 219,090
Total assets less current liabilities 8,181,062 7,841,018
Creditors: amounts falling due after 17
more than one year (177,392) (198,882)
Net assets 8,003,670 7,642,136
Funds
Restricted funds 18.b 3,295,833 3,278,459
Unrestricted funds
Genemi unrestricted funds 18.a 3,348,419 3,004,259
Revaluation reserve 18.c 1,359,418 1,359,418
4,707,837 4,363,677
8,003,670 7,642,136

2022 2021
Notes
Fixed assets
Tangible assets 12.a 5,125,051 5,114,274
Investment properties 13.8 194,000 165,000
5,319,051 6,279,274
Current assets
Debtors 14.8 1,635,708 1,700,157
Cash at bank and in hend 516,856 628,933
2,152,564 2,329,090
Creditors: amounts falling due 16.a
within one year (436,203) (693,265)
Net current assets 1,716,361 1,635,825
Total assets less current liabilities 7,035,412 6,915,099
Creditors: amounts falling due after 17.a
more than one year (177,392) (198,882)
Net assets 6,858,020 6,716,217
Funds
Restricted
~dt		 funds
dtt		 d 3,314,913 3,293,164
General
unrestricted		 funds 2,183,689 2,063,635
Revaluation reserve 1,359418 ~1359,418
3,543,107 3,423,053
6,858,020 6,716,217

2022 2021
Notes 6 E
Cash flows from operating activities
Cash (absorbed
by)/generated		 from
operations 22 (9,283) 453,068
Investing actlvtUes
Purchase oftangible
fixed assets		 (94,638) (287,416)
Purchase of Investmsnt
property		 (164,385)
Investment Income received 115,889 93,935
Net cash generated
from/(used		 In)
Investing actlvlths 21,251 (357,866)
Financing activities
Repayment of bank loans (20,844) (20,811)
Net cash used
In financing		 activities (20,844) (20,811)
Net (decrease)/Increase
In
cash equivalents		 cash and (8,876) 74,391
Cash and cash equivalents
at beginning		 ofyear 672,592 608,675
Effect offoreign exchange rates 3,983 (10,474)
Cash and cash equivalents at end of year 667,699 672,592

Land and buildings Straight line over 50 years
Fixtures, fittings
&equipment		 25% straight line
Pkent and equipment 25% straight line

Control
The Muslim Khoja Shia Ithna-Asherl Community ofPeterborough Trust 100% control ofassets
Corporation (company number 08382399)
313Project Ltd (company number 10122041) 100% control ofassets
313Trust Corporation Ltd (company number 12319023) 100% control ofassets
313Trust Corporation 313Project Ltd
The Muslim Khoja Shia
Ltd Ithna-Asherl Community
ofPeterborough Trust
Corporation
2022f 2021 2022
f		 2021
f		 2022 2021
f
Total Income 71,590 310,018
Total expenditure (71,801) (310,082)
Net gains on Investments 55,000 30,000 191,000 6,615
Net gain/goes) for year 55,000 30,000 (211) (64) 191,000 6,615
The assets and liabilities of
the subsidiary were:
Assets 435,000 380,000 194,501 281,364 2,440,705 2,270,549
Liabilities (333,165) (333,165) (195,242) (281,894) (1,281,441) (1,302,285)
Capital and Reserves 101,835 46,835 (741) (530) 1,159,264 968,264

2022 2021
E
Income 452,971 911,692
Expenditure on raising funds (27,174) (24,103)
Expenditure on charitable activities (312,994) (352,261)
Revaluation of Investment properties 29,000 (5,000)
Net income for the year / Net movement in funds 141,803 530,328
Total funds brought forward 6,716,217 6,185,889
Total funds carried forward 6,858,020 6,716,217

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022
E		 2022 2022
E		 2021
E		 2021
E		 2021f
Donations and gifts 63,470 142,624 206,094 49,216 648,135 697,351
Covid-1 9 related grants 5,405 5,405 9,290 9,290
Membership fees 30,292 30,292 24,324 24,324
99,167 142,624 241,791 82,830 648,135 730,965
Donations and gifts
Al-Qaeem donations 72,300 72,300 539,064 539,064
Panjatanpak
nyaz		 25 25 234 234
Senior citizens 1,500 1,500
Third party cofiectlons 68,799 68,799 108,837 108,837
Gift aid 26,805 26,805 31,791 31,791
Jamaat funds (general) 24,021 24,021 7,951 7,951
Majlis and nyaz 10,915 10,915 8,309 8,309
Imam Zamin 1,729 1,729 877 8TT
Chawda
masumeen		 288 288
63,470 142,624 206,094 49,216 648,135 697,351

Education Religious Burial Madressa Total Total
2022f 2021f
Muharram and Fiazrat
Abbas 34,259 34,259 38,817
Income from Madressa 9,312
Pre-school grants 7,519 7,519
Youth 725 725 100
Income from pre-school 373
Tabllgh 6,087 6,087 11,195
Income from burial
scheme 23,014 23,014 18,479
41,071 23,014 9,312 73,397 76,483
Analysis by fund
Unrestricted
funds		 34,259 34,259
Restricted funds 6,812 23,014 39,138
41,071 23,014 73,397
For the year ended 31 March 2021
Unrestricted
funds		 38,817 38,817
Restricted funds 7,892 11,295 18,479 37,666
7,892 50,112 18,479 76,483
Income from Investments
2022f 2021
f
Rental Income 115,889 93.935

7 Raising funds Raising funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022
f		 2022
f		 2022
6		 2021
6		 2021
E		 2021
E
Fundralsln and ublid
Seeking donations, grants,
and legacies 2,000 2,000
Fundraising agents 18,015 18,015 12,849 12,849
Other fundraising costs 9,159 9,159 9,020 9,020
Fundraislng and publidty ~27 174 ~27 174 ~21 869 2 000 23869
27,174 27,174 21,869 2000 23869
8 Charitable activities
Educatton Religious Burial Madressa Total Total
2022 2021
6
Stalf costs 11,563 11,563 31,845
Third party collections 58,582 58,582 96,265
Panjatanpak
nyaz		 1,689 1,689 250
Senior citizen 100 100
Tabligh 22,093 22,093 25,256
Bank loan Interest and
charges 5,907 5,907 6,399
Youth 700 700 130
Alim and mulyani 22,900 22,900 9,614
Preschool expenses 50 50 3,771
Burial 13,689 13,689 20,577
Madressa expenses 4,802 4,802 2,409
Majlis and nyaz 5,783 5,783 675
Muharram fund 14,690 14,690 29,590
Events and functions 5,547 5,547 2,125
11,613 137,991 13,689 4,802 168,095 228,906
Share of support costs
(see note 9) 5,859 143,415 149,274 128,941
17,472 281,406 13,689 4,802 317,369 357,847

Education Religious Burial Madressa Total
2022
f f f f f
Analysis by fund
Unrestricted funds 5,859 126,926 132,785
Restricted funds 11,613 154,480 13,689 4,802 184,584
17,472 281,406 13,689 4,802 317,369
For the year ended 31 March 2021
Education Reffglous Burial Madressa Total
2021
f f f
Staff costs 21,515 10,330 31,845
Third party collections 96,265 96,265
Panjetanpak nyaz 250 250
Senior citizen
Tabligh 25,256 25,256
Bank loan interest and
charges 6,399 6,399
Youth 130 130
Alim and mulyani 9,614 9,614
Preschool expenses 3.771 3,771
Burial 20,577 20,577
Madressa expenses 2,409 2,409
Ma)lls and nyaz 675 675
Muharram fund 29,590 29,590
Events and functions 2,125 2,125
25,286 180,634 20,577 2,409 228,906
Share of support costs
(see note 9) 8,390 120,551 128,941
33,676 301,185 20,577 2,409 357,847
Analysis by fund
Unrestricted funds 8,390 122,017 130,407
Restricted funds 25,286 179,168 20,577 2,409 227,440
33,676 301,185 20,577 2,409 357,847

9 Support costs Support costs
Support Total Support Total Basis ofallocation
costs costs
2022 2022 2021 2021
8 E E E
Staff costs 11,912 11,912 13,012 13,012 Usage
Depreciation 87,461 87,461 84,837 84,837 Property usage
Secretariat 72 72 40 40 Usage
Cleaning
and waste		 4,882 4,882 1,939 1,939 Usage
General expenses 489 489 Usage
Telephone and internet 1,700 1,700 1,359 1,359 Usage
Bank charges 1,958 1,958 2,153 2,153 Bank transactions
insurance 5,108 5,108 14,558 14,558 Area
Foreign exchange 5,784 5,784 (14,007) (14,007) Directly attributable
Repairs 1,127 1,127 655 655 Usage
Light and heat 16,432 16,432 10,612 10,612 Area
Rates and water 1,399 1,399 1,044 1,044 Area
Audit fees 9,440 9,440 9,050 9,050 Directly attrtbutable
Legal and professional 1,156 1,156 2,400 2,400 Directly attributable
Subscriptions 800 800 800 Directly attributable
149,274 149,274 128,941 128,941
Analysed between
Charitable activities 149,274 149,274 128,941 128,941

The average
monthly
 num ber ofemploye es
during
the		 year was:
2022 2021
Number Number
Nursery
Resident
Alim
Caretaker
Others
Employment
costs		 2022 2021
6 f.
Wages and salaries 23,001 43,801
Social security costs
Oher pension costs 474 1,056
23,475 44,857
There were no employees whose annual remuneration was 660,000 or more.
Tangible fixed assets - The group
Land and Plant and Fixtures, Total
buildings equipment fittings &
equipment
6
Cost or valuation
At 1 April 2021 5,519,479 1,260 65,179 5,585,918
Additions 71,559 429 71,988
At 31 March 2022 5,591,038 1 260 65,608 5,657,906
Depreciation
and Impairment
At 1 April 2021 498,684 957 60,349 559,990
Depreciation
charged		 in the year 85,910 192 1,360 87,462
At 31 March 2022 584,594 1,149 61,709 647,452
Carrying
amount
At 31 March 2022 5,006,444 3,899 5,010,454
At 31 March 2021 5,020,795 303 4,830 5,025,928

Land and Fixtures, Total
bugdlnge gtunga a
equipment
Z
Cost or valuation
At 1 April 2021 5,608,128 65,179 5,673,307
Additions 97,618 429 98,047
At 31 March 2022 5,705,746 65,608 5,771,354
Depreciation and Impairment
At I April 2021 498,684 60,349 559,033
Depreciation charged in the year 85,910 1,360 87,270
At 31 March 2022 584,594 61,709 646,303
Carrying
amount
At 31 March 2022 5,121,152 3,899 5,125,051
At 31 March 2021 5,109,444 4,830 5,114,274

13 Investment property - The group
2022
f
Fair value
At 1 April 2021 2,596,000
Nst gains and losses through fair value adjustments 275,000
At 31 March 2022 2,871,000

Investment
property
-The		 charity
2022
E
Fair value
At 1 April 2021 165,000
Net gains and losses through fair value adjustments 29,000
At 31 March 2022 194,000

Debtors - Th e group
2022 2021
Amounts
falling due within one year:
Other debtors 32,296 42,574
Prepayments and accrued income 2,312 2,427
34,608 45,001

14.6 Debtors - The charity - The charity
2022 2021
Amounts falling due within one year: f f
Amounts dus from fellow group undertakings 250,000 250,000
Other debtors 27,495 32,481
Prepayments and accrued Income 2,312 1,775
219,807 284,256
Amounts falling due after one year:
Amounts dus from fellow group undertakings 1,415,901 1,415,901
Total debtors 1,635,708 1,700,157

2022f 2021
f
Bank loans (secured) 198,705 219,549
Payable within one year 21,313 20,667
Payable aRer ons year 177,392 198,882

Creditors: am ounts
f		 alling due within one year - The group
Notes 2022f 2021f
Bank loans (secured) 15 21,313 20,667
Other taxation and social security 455
Trade creditors 1,742 26,906
Other creditors 370,204 441,205
Accruals and deferred income 9,440 9,270
402,699 498,503

Creditors: amounts
f		 alling due within one year - The ch arity
2022 2021
E E
Borrowings 21,313 20,667
Other taxation and social security 85
Other creditors 406,704 652,950
Accruals and deferred income 8,186 19,563
436,203 693,265

Notes 2022f 2021
f
Bank loans (secursd) 15 177,392 198,882
17m Creditors: amounts falling due after more than one year - The charity
2022f 2021
E
Borrowlngs 177,392 198,882

Movement
in funds		 Movement
in funds		 Movement
in funds
Balance at 1 Income Expenditure Transfers Revaluation Balance at 31
Aprl I2021 E E E gains
f		 March 2022
f
General fund 3,004,259 249,315 (159,959) (20,196) 275,000 3,348,419
3004259 249315 (159,959) (20,196) 275,000 3,348,419

Movement
In funds		 Movement
In funds
Balance at 1 April 2021 Income Expenditure Transfers Balance at 31
March 2022
E E
Al-Qaesm 3,093,921 72,300 (71,317) 3,094,904
Burial 121,505 23,014 (13,689) 130,830
Panjatanpak nyaz 23,363 25 (1,689) 21,699
Pre-school 7,422 (11,613) 4,191
Senior citizens 1,500 (100) 1,400
Third party collections 26,644 68,799 (58,582) 36,861
ELC 557 557
Youth 725 (700) 25
Madrsssa 5,047 9,312 (4,802) 9,557
Tabligh 6,087 (22,092) 16,005
3,278,459 181,762 (184,584) 20,196 3,295,833
Movement
In funds
Balance at 1 April 2020 Income Expenditure Transfers Balance at 31
March 2021f
Al-Qaeem 2,614,123 539,064 (59,266) 3,093,921
Burial 123,603 18,479 (20,577) 121,505
Pan)atanpak nyaz 23,379 234 (250) 23,363
Pre-school 24,817 7,892 (25,287) 7,422
Senior cmzens
Third party collections 14,072 108,837 (96,265) 26,644
ELC 557 557
Youth 100 (130) 30
Madressa 7,456 (2,409) 5,047
Tabllgh 11,195 (25,256) 14,061
2,808,007 685,801 (229,440) 14,091 3,278,459

Analysis of net assets b etween funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
E E E
Fund balances at 31
March 2022 are
represented
bv:
Tangible assets 1,983,401 3,027,053 5,010,454 1,984,170 3,041,758 5,025,928
Investment
properties		 2,871,000 2,871,000 2,596,000 2,596,000
Current assets/(liabilities) 30,828 268,780 299,608 (17,611) 236,701 219,090
Long term liabilities (177,392) - (177,392) (198,882) - (198,882)
4,707,837 3295833 8003670 4~363677 3~278,459 7642 136

22 Cash generated from operations operations operations operations
2022 2021
E E
Surplus
for the year		 361,534 551,282
Adjustments
for:
Investment
income recognised		 in Statement of Financial Activities (115,889) (93,935)
Foreign exchange differences 5,784 (14,007)
Fair value gains snd losses on investment properties (275,000) (31,615)
Depreciation
and		 Impairment oftangible fixed assets 87,461 84,837
Movements
in working		 capital:
Decrease
in debtors		 5,965 30,107
(Decrease)
In creditors		 (79,138) (73,601)
Cash (absorbed by)/generated from operations (9,283) 453,068
23 Analysis ofchanges In net funds
At 1 April Cash flows Foreign At 31 March
2021 exchange 2022
movements
f E E
Cash at bank and in hand 672,592 (8,876) 3,983 667,699
Loans falling due within ons year (20,667) (646) (21,313)
Loans falling due aRer more than one year (198,882) 21,490 (177,392)
453,043 11,968 3,983 468,994