# ## ## ## |||||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,|