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2020-12-31-accounts

Page
Trustees'
annual
report
Independent
auditor's		 report to the members
Statement offinancial activities
Statement. offinancial position
Statement
ofcash flows		 10
Notes to the financial statements
The following
pages		 do not form part of the financial statements
Detailed statement
of		 financial activities 22
Notes to the detailed statement offinancial activities 23

Year ended Year ended 31 D 31 D ecember
2Q2Q		 ecember
2Q2Q		 ecember
2Q2Q		 ecember
2Q2Q
The trustees present their
report
and
the financial		 statements of the charity for the year ended
31 December 2020.
Status
The organisation is a UK Registered Charity (no. 285030 with the Charity Commission for
England and Wales), and under the Worship Registration Act 1855(no. 72213).
Reference and administrative
details
Operation address 525 London Road
Thornton
Heath
Surrey
CR7 6AR
The trustees
Mr Nowsad
A Gani
Mr Shuaib Yusaf
Mr Asghar
Ali
Management
Committee
Parvez Wahid —Chairman
Tanveer Sajjid —General Secretary
Rafiq Yaqub —Finance Secretary
Waqas Khan —Madrassah Secretary
Mohammed
Jamil Karim Okhai		 —Construction 8 Maintenance Secretary
Obaidullah
Khalid —Community		 Welfare Secretary
Haroon Okhai —Funeral Secretary
M Rafiq Razzak - Fund Raising Secretary
Nadir Abdullah
Khan		 Mothojakan —Mainstream Education Secretary
Auditor Saleemi Associates
Chartered
accountants
8 statutory		 auditor
792Wickham
Road
Croydon CRO 8EA
Bankers Barclays Bank PLC
1 North End
Croydon
CR9 1SX
NatWest Bank Pic
1393London Road
London
SW164XF
Legal Advisors Lee Bolton Monier-Williams LLP
1 The Sanctuary
London
SW1P3JT

Year ended 31 Dece mbe r 202 0
2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note f.
Income and endowments
Donations
and legacies		 4 250,196 77,465 327,661 358,444
Charitable
activities		 5 4,499 4,217 8,716 15,529
Other trading
activities		 6 5218 3,597 8,815 28,479
Investment
income		 7 25,050 25,050 18,250
Total income 284,963 85,279 370,242 420,702
Expenditure
Expenditure
on raising funds:
Costs of raising donations and
legacies 8 5,851 5,851 5,007
Costs ofother trading activities 9 5,091 5,091 11,212
Expenditure
on charitable		 activities 10,11 375,718 3,597 379,315 332,712
Total expenditure 380,809 9,448 390,257 348,931
Net (expenditure)/income {95,846) 75,831 (20,015) 71,7?1
Other recognised
gains		 and losses
Fair value movements 374,532 374,532 (30,000)
Net movement
in funds		 278,686 75,831 354,517 41,771
Reconciliation
offunds
Total funds brought
forward		 2,553,137 2,237,665 4,790,802 4,749,031
Total funds carried forward 2,831,823 2,313,496 5,145,319 4,790,802

31 December 202 0
2020 2019
Note
Fixed assets
Tangible fixed assets
Investments		 16
17		 2,S31,702
2,165,000		 2,864,704
1,723,059
4,996,702 4,587,763
Current assets
Stocks 18 20,223 16,028
Debtors 19 26,326 33,529
Cash at bank and in hand 478,526 562,946
525,075 612,503
Creditors: amounts falling due within one year 20 S1,640 95,270
Net current assets 443,435 517,233
Total assets less current liabilities 5,440,137 5,104,996
Creditors: amounts
one year		 falling due after more than 21 294,818 314,194
Net assets 5,145,319 4,790,802
Funds ofthe charity
Restricted funds		 2,313,496 2,237,665
Unrestricted
funds		 2,S31,823 2,553,137
Total charity funds 23 5,145,319 4,790,802

Year ended 31 Decemb er 2020
2020 2019
Cash flows from operating
Net (expenditure)/income		 activities (20,015) 71,771
Adjustments
for:
Depreciation
oftangible fixed		 assets 33,002 21,147
Government
grant income		 (48,164)
Dividends,
interest and rents		 from investments (25,050) (18,250)
Accrued income (10,104) (1,353)
Changesin:
Stocks		 (4,195) 6,644
Trade and other debtors 7,203 3,924
Trade and other creditors 5,221 (13,775)
Cash generated
from operations		 (62,102) 70,108
Net cash (used in)/from
operating
activities		 (62,102) 70,108
Cash flows from investing activities
Dividends,
interest and rents		 from investments 25,050 18,250
Purchase oftangible assets (7,248)
Purchases
ofother investments		 (67,409) (18?,133)
Net cash used
in investing
activities		 (42,359) (176,131)
Cash flows from financing activities
Proceeds from borrowings
Government
grant income		 (28,123)
48,164		 (35,370)
Net cash from/(used
in) financing
activities		 20,041 (35,370)
Net decrease
in cash and cash equivalents		 (84,420) (141,393)
Cash and cash equivalents at beginning ofyear 562,946 704,339
Cash and cash equivalents at end ofyear 478,526 562,946

value, over the useful econom ic life ofthat asset a s follows:
Freehold
property		 1%reducing balance
Fixtures and fittings 10%reducing balance
Motor vehicles 25% reducing balance
Equipment 10%reducing balance
Computer
equipment		 10%reducing balance

4. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2020
E
Donations
Funeral income and donations 47,400 47,400
Donation - Construction fund 28,510 28,510
Donations collected for others, and functions
General donations 114,248 1,555 115,803
Madrassa Collections 87,784 87,784
Grants
Government grant income 48,164 48,164
250,196 77,465 327,661
Unrestricted Restricted Total Funds
Funds Funds 2019
Donations
Funeral income and donations 29,805 29,805
Donation - Construction fund 35,291 35„291
Donations collected for others, and functions 1,150 1,150
General donations 160,427 1,000 161,42?
Madrassa Collections 130,771 130,771
Grants
Government grant income
291,198 67,246 358,444
5. Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2020
F
Tax recovered under Gift Aid 4,499 4,217 &,716
Unrestricted Restricted Total Funds
Funds Funds 2019
Tax recovered under Giff Aid 10,730 4,799 15,529
6. Other trading activities
Unrestricted Restricted Total Funds
Funds Funds 2020
E f.
Community events 3,597 3,597
Book shop income 5,218 5,218
5,218 3,597 8,815

Yea r ended 3 1 Decemb e r 2020
Unrestricted Restricted Total Funds
Funds Funds 2019
Community events 19,177 19,177
Book shop income 9,302 9,302
9,302 19,177 28,479
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F f.
Income from investment properties 25,050 25,050 18,250 18,250
8. Costs ofraising donations and legacies
Restricted Total Funds Restricted Total Funds
Funds 2020 Funds 2019
f
Donations: Motor vehicle expenses 5,851 5,851 5,007 5,007
9. Costs ofother trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E
Costs of other trading activities -Shop
costs 5,091 5,091 11,212 11,212
10. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
Support costs 375,718 3,597 379,315
Unrestricted Restricted Total Funds
Funds Funds 2019
Support costs 312,535 20,177 332,712
11. Expenditure on charitable activities by activity type
Support Total funds Total fund
costs 2020 2019
Expenditure or charitable activities 364,619 364,619 316,173
Governance costs 14,696 14,696 16,539
379,315 379,315 332,712

12. Analysis of support co sts
Analysis of
support costs
activity Total 2020 Total 2019
E
Staff costs 253,215 253,215 222,203
13. Net {expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2020 2019
E
Depreciation oftangible fixed assets 33,002 21,147
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2020 2019
Wages and salaries 248,441 225,865
Social security costs 4,774 (3,662)
253,215 222,203
Administration functions are carried out by unpaid volunteers.
The average head count of employees during the year was 25(2019:22).

Tangible fixed ass ets
User
Land and Fixtures Motor defined
buiidings and fittings vehicles Equipment asset Total
F E
Cost
At 1Jan 2020
and 31Dec 2020 2,793,273 175,611 15,900 122,778 20,685 3,128,247
Depreciation
At 1Jan 2020		 29,223 121,761 14,716 77,414 20,429 263„543
Charge for the
year 22,721 5,385 296 4,536 64 33,002
At 31Dec2020 51,944 127,146 15,012 81,950 20,493 296,545
Carrying
amount
At 31Dec2020 2,741,329 48,465 888 40,828 192 2,831,702
At 31Dec2019 2,?64,050 53,850 1,184 45,364 256 2,864,704

Investments
Investment
properties
Cost or valuation
At 1 January 2020 1,723,059
Additions 67,409
Fair value movements 374,532
At 31December 2020 2,165,000
Impairment
At 1 January 2020 and 31December 2020
Carrying
amount
At 31December 2020 2,165,000
At 31 December 2019 1,723,059

19. Debtors
2020 2019
F
Sundry debtors —Other 5,359 2,000
Pre payments
Gift Aid		 12,290
8,677		 15,947
15,582
26,326 33,529
20. Creditors: amounts falling due within one year
2020 2019
E
Qard E Hasna 17,000 27,000
Shariah
Compliant		 loan 18,123 16,870
Accruals 21,649 31,753
Outstanding Zakat and fitra distribution 4,888 4,?44
Other creditors 19,980 14,903
81,640 95,270
21. Creditors."amounts falling due after more than one year
2020 2019
E
Bank loans and overdrafts 294,818 314,194

Government grants grants
The amounts recognised
in the financial statements		 for government grants are as follows:
2020 2019
Recognised in income from donations and legacies:
Government grants income 48,164

At At
1 January 20 Gains and 31Decembe
20 Income Expenditure losses r2020
General funds 1,688,137 284,963 (380,809) 1,592,291
Fair value reserve 865,000 374,532 1,239,532
2,553,13T 284,963 (380,809) 374,532 2,831,823
At At
1 January 20 Gains and 31 December
19 Income Expenditure losses 2019
E F E E
General funds 1,682,404 329,480 (323,747) 1,688,13T
Fair value reserve 895,000 (30,000) 865,000
2,577,404 329,480 (323,747) (30,000) 2,553,13?
Restricted funds
At At
1 January 20 Gains and 31Decembe
20 Income Expenditure losses r2020
Restricted Fund 2,237,665 85,279 (9,448) 2,313,496
At At
1 January 20 Gains and 31 December
19 Income Expenditure losses 2019
E
Restricted Fund 2,1?1,627 91,222 (25,184) 2,237,665
Analysis ofchanges in net debt
At At
1 Jan 2020 Cash flows
f		 31Dec2020
Cash at bank and in hand 562,946 (84,420) 478,526
Debt due within one year (43,870) 8,747 (35,123)
Debt due after one year (314,194) 19,376 (294,818)
204,882 (56,297) 148,585

2020 2019
Income and endowments
Donations
and legacies
Funeral income and donations 47,400 29,805
Donation - Construction fund 28,510 35,291
Donations
collected for		 others, and functions 1,150
General donations 115,803 161,427
Madrassa
Collections		 87,784 130,771
Government
grant income		 48,164
327,661 358,444
Oharitable
activities
Tax recovered
under Gift		 Aid 8,716 15,529
Other trading activities
Community
events		 3,597 19,177
Sook shop income 5,218 9,302
8,815 28,479
Investment
income
Income from investment properties 25,050 18,250
Total income 370,242 420,702

Year ended 31 Dec emb er 2020
Expenditure
Costs ofraising donations and legacies
Motor vehicle expenses 5,851 4,007
Donations
8 Other		 collections 1,000
5,851 5,007
Costs ofother trading activities
Opening
stock		 16,028 22,672
Purchases 9,286 1,568
Closing stock 20,223 16,028
Wages and salaries 3,000
5,091 11,212
Expenditure
on charitable activities
Wages and salaries 248„441 222,865
Employer's
NIC		 4,774 {3,662)
Rates and water 122 2,232
Light and heat 14,458 19,031
Repairs and maintenance 36,819 17,344
Insurance 9,424 9,385
Sundry 253 344
Other motor/travel costs &35 646
Legal and professional fees 3,203
Telephone 1,234 1,279
Stationery and computer expenses 4',781 3,067
Depreciation 33,002 21,147
Social 8 Community events 3,597 19,177
Bank Charges 3,676 3,318
Shariah
Compliant		 loan —rent payable 14,696 16,359
379,315 332,712
Total expenditure 390,257 348,931
Net (expenditure)/income (20,015) 71771,