| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
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| Independent auditor's report to |
the members | |||
| Statement offinancial activities |
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| Statement offinancial position |
10 | |||
| Statement ofcash flows | ||||
| Notes to the financial statements | ||||
| The following pages do not form part of |
the financial statements | |||
| l3etailed statement offinancial |
activities | |||
| Notes to the detailed statement | offinancial | activities |
| Reference | and administrati | ve details |
ve details |
ve details |
ve details |
ve details |
||
|---|---|---|---|---|---|---|---|---|
| Registered | charity name | CROYDON MOSQUE 8r ISLAMIC CENTRE |
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| Principal office | 525 London Road | |||||||
| Thornton Heath |
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| Surrey | ||||||||
| CR7 6AR | ||||||||
| The trustees | Mr Nowsad A Gani |
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| Mr Shuaib Yusaf | ||||||||
| Mr Asghar Ali |
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| Management | Committee | |||||||
| Afzal Hussen Amirali Ahmed Ali —Chairman (Appointed Nazir Haji —General Secretary (Appointed 01/01/2022) Mohammed Saqib Khan —Finance Secretary (Appointed 01/01/2022) |
01/01/2022) | |||||||
| Waqas Khan —Madrassah Secretary |
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| Mohammed Jamil Karim Okhai —Construction |
8 Maintenance | |||||||
| Secretary | ||||||||
| Obaidullah Khalid —Community Welfare Secretary Haroon Okhai —Funeral Secretary |
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| M Rafiq Razzak - Fund Raising Secretary | ||||||||
| Auditor | Nadir Abdullah Khan Mothojakan —Mainstream Education Secretary Parvez Wahid —Ex Chairman (resigned 31/12/2021) Tanveer Saajjid —Ex General Secretary (resigned 31/12/2021) Rafiq Yaqub —Ex Finance Secretary (resigned 31/12/2021) |
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| Saleemi Associates | ||||||||
| Chartered accountants 792 Wickham Road |
8 statutory | auditor | ||||||
| Bankers | Croydon CRO 8EA |
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| Barclays Bank PLC | ||||||||
| 1 North End | ||||||||
| Croydon | ||||||||
| Surrey CR9 1RN | ||||||||
| National Westminster |
Bank Pic | |||||||
| 1393London Road | ||||||||
| London | ||||||||
| SW164XF | ||||||||
| Legal Advisors | ||||||||
| Lee Bolton Monier-Williams LLP |
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| 1 The Sanctuary | ||||||||
| London | ||||||||
| SW1P3JT |
| Year ended 31 De | cem | be | r 2021 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 Endowment |
2020 | ||||
| Note Income and endowinents |
funds | funds R |
funds | Total funds | Total funds | ||
| Donations and iegacies Charitable activities Other trading activities Investment income |
4 5 6 7 |
316,968 14,682 3,977 87,600 |
78,505 9,250 |
395,473 14,682 13,227 87,600 |
330,661 8,716 8,815 25,050 |
||
| Total income | 423,227 | 87,755 | 510,982 | 373,242 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of raising | |||||||
| donations and |
|||||||
| legacies Costs ofother |
8 | 14,635 | 14,635 | 5,851 | |||
| trading activities Expenditure on |
9 | 2,479 | 2,479 | 5,091 | |||
| charitable activities |
10,11 | 329,638 | 9,250 | 33,674 | 372,562 | 382,315 | |
| Total expenditure | 332,117 | 23,885 | 33,674 | 389,676 | 393,257 | ||
| Net income/(expenditure) | 91,110 | 63,870 | (33,674) | 121,306 | (20,015) | ||
| Transfers between funds |
(114,237) | 114,237 | |||||
| Other recognised gains |
and | losses | |||||
| Fair value movements | 374,532 | ||||||
| Net movement in funds |
(23,127) | 63,870 | 80,563 | 121,306 | 354,517 | ||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
340,554 | 211,377 | 4,593,388 | 5,145,319 | 4,790,802 | ||
| Total funds carried forward | 317,427 | 275,247 | 4,673,951 | 5,266,625 | 5,145,319 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets Investments |
2,801,399 2,165,000 |
2,831,702 2,165,000 |
|||
| 4,966,399 | 4,996,702 | ||||
| Current assets | |||||
| Stocks Debtors Cash at bank and in |
hand | 18 19 |
24,007 29,537 508,470 |
20,223 26,326 478,526 |
|
| 562,014 | 525,075 | ||||
| Creditors: amounts | falling due within one year | 20 | 77,050 | 81,640 | |
| Net current assets | 484,964 | 443,435 | |||
| Total assets less current | liabilities | 5,451,363 | 5,440,137 | ||
| Creditors: amounts | falling | due after more than | |||
| one year | 21 | 184,738 | 294,818 | ||
| Net assets | 5,266,625 | 5,145,319 | |||
| Funds ofthe charity | |||||
| Endowment funds Restricted funds Unrestricted funds |
4,673,951 275,247 317,427 |
4,593,388 211,378 340,553 |
|||
| Total charity funds | 5,266,625 | 5,145,319 |
| CROYDON MOSQUE Bi,ISLA Statement ofCash Flows Year ended 31 December 2021 |
MIC CENTRE | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Cash flows from operating activities |
|||
| Net income/(expenditure) | 121,306 | (20,015) | |
| Adjustments for: |
|||
| Depreciation oftangible fixed assets Government grant income Dividends, interest and rents from investments Accrued income |
32,177 (75,256) (87,600) (13,060) |
33,002 (48,164) (25,050) (10,104) |
|
| Changesin: | |||
| Stocks Trade and other debtors Trade and other creditors |
(3,784) (3,211) 1,446 |
(4,195) 7,203 5,221 |
|
| Cash generated from operations |
(27,982) | (62,102) | |
| Net cash used in operating activities |
(27,982) | (62,102) | |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investments Purchase oftangible assets Purchases ofother investments |
87,600 (1,874) |
25,050 (67,409) |
|
| Net cash from/(used in) investing activities |
85,726 | (42,359) | |
| Cash flows from financing activities |
|||
| Proceeds from borrowings Government grant income |
(1I03,056) 75,256 |
(28,123) 48,164 |
|
| Net cash (used in)/from financing activities |
(27,800) | 20,041 | |
| Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning |
equivalents ofyear |
(84,420) 562,946 |
|
| Cash and cash equivalents at end ofyear |
508,470 | 478,526 |
| value, over the useful econo | mic life ofthat asset a |
s follows: |
|---|---|---|
| Freehold property Fixtures and fittings Motor vehicles |
1%reducing 10%reducing 25% reducing |
balance balance balance |
| Equipment Computer equipment |
10%reducing 33%reducing |
balance balance |
| Donations and legacie |
s | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Donations | ||||
| Funeral income and donations Donation - Construction fund General donations Madrassa Collections Donated audit fee |
172,282 66,430 3,000 |
52,090 26,415 |
52,090 26,415 172,282 66,430 3,000 |
|
| Grants | ||||
| Government grant income |
75,256 | 75,256 | ||
| 316,968 | 78,505 | 395,473 |
| Y | ear ended | 31 Decemb | er 2021 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| Donations | F | ||||||
| Funeral income and donations Donation - Construction fund General donations Madrassa Collections Donated audit fee |
114,248 87,784 3,000 |
47,400 28,510 1,555 |
47,400 28,510 115,803 87,784 3,000 |
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| Grants | |||||||
| Government grant income |
48,164 | 48,164 | |||||
| 253,196 | 77,465 | 330,661 | |||||
| 5. | Charitable | activities | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| Tax recovered under Gift |
Aid | 14,682 | 14,682 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| Tax recovered under Gift |
Aid | 4,499 | 4,217 | 8,716 | |||
| 6. | Other trading activities | ||||||
| Unrestricted | Restdcted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| Community Book shop |
events income |
3,977 | 9,250 | 9,250 3,977 |
|||
| 3,977 | 9,250 | 13,227 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| F | |||||||
| Community Book shop |
events income |
5,218 | 3,597 | 3,597 5,218 |
|||
| 5,218 | 3,597 | 8,815 |
| Y | ear ended | 3 | 1 Dece | m | be | r | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7. | Investment | income | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2021 | Funds | 2020 | ||||||||
| Income from | investment | properties | 87,600 | 87,600 | F 25,050 |
25,050 | |||||
| 8. | Costs ofraising donations | and legacies | |||||||||
| Restricted | Total Funds | Restricted | Total Funds | ||||||||
| Funds | 2021 f |
Funds | 2020 | ||||||||
| Donations: | Motor vehicle | expenses | 14,635 | 14,635 | 5,851 | 5,851 | |||||
| 9. | Costs ofother trading | activities | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2021 | Funds | 2020 | ||||||||
| Costs ofother trading | activities - Shop | ||||||||||
| costs | 2,479 | 2,479 | 5,091 | 5,091 | |||||||
| 10. | Expenditure | on charitable | activities | by fund type | |||||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||||||
| Funds | Funds | Funds | 2021 | ||||||||
| Support costs | 329,638 | 9,250 | 33,674 | 372,562 | |||||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||||||
| Funds | Funds | Funds | 2020 | ||||||||
| Support costs | 341,301 | 3,597 | 37,417 | 382,315 | |||||||
| 11. | Expenditure | on charitable | activities by activity type | ||||||||
| Support | Total funds | Total fund | |||||||||
| costs | 2021 | 2020 | |||||||||
| Expenditure Governance |
or charitable costs |
activities | 358,381 11,181 |
358,381 11,181 |
367,619 14,696 |
||||||
| 372,562 | 372,562 | 382,315 | |||||||||
| 12. | Net income/(expenditure) | ||||||||||
| Net income/(expenditure) | is | stated after | charging/(crediting): | ||||||||
| Depreciation | of | tangible | fixed | assets | 2021 f 32,177 |
2020 33,002 |
| Tangible fixed as | sets | |||||
|---|---|---|---|---|---|---|
| Land and | Fixtures and | Motor | Computer | |||
| buildings | fittings | vehicles | Equipment | equipment | Total | |
| Cost | ||||||
| At 1 Jan 2021 Additions |
2,793,273 | 175,611 | 15,900 1,874 |
122,778 | 20,685 | 3,128,247 1,874 |
| At 31 Dec 2021 | 2,793,273 | 175,611 | 17,774 | 122,778 | 20,685 | 3,130,121 |
| Depreciation | ||||||
| At 1 Jan 2021 Charge for the |
51,944 | 127,146 | 15,012 | 81,950 | 20,493 | 296,545 |
| year | 22,493 | 4,846 | 691 | 4,083 | 64 | 32,177 |
| At 31 Dec 2021 | 74,437 | 131,992 | 15,703 | 86,033 | 20,557 | 328,722 |
| Carrying amount |
||||||
| At 31Dec2021 | 2,718,836 | 43,619 | 2,071 | 36,745 | 128 | 2,801,399 |
| At 31 Dec2020 | 2,741,329 | 48,465 | 888 | 40,828 | 192 | 2,831,702 |
| Investment | |
|---|---|
| properties | |
| Cost or valuation | |
| At 1 January 2021 and 31 December 2021 | 2,165,000 |
| Impairment | |
| At 1 January 2021 and 31 December 2021 | |
| Carrying amount |
|
| At 31December 2021 | 2,165,000 |
| At 31 December 2020 | 2,165,000 |
| 2021 | 2020 | |
|---|---|---|
| Islamic Books and consumables | 24,007 | 20,223 |
| Debtors | ||
| 2021 | 2020 | |
| Sundry debtors —other P repayments Gift Aid |
1,600 13,463 14,474 |
5,359 12,290 8,677 |
| 29,537 | 26,326 | |
| Creditors: amounts falling due within one year |
||
| 2021 | 2020 | |
| Qard e hasna Shariah compliant loan Accruals and deferred income Outstanding Zakat and fitra distribution Wages |
17,000 25,147 8,589 8,083 18,231 |
17,000 18,123 21,649 4,888 19,980 |
| 77,050 | 81,640 | |
| Creditors: amounts falling due after more than one year |
||
| 2021 | 2020 | |
| Bank loans and overdrafts | 184,738 | 294,818 |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| At 1 Jan 2021 |
Income | Expenditure | Transfers | Gains and losses |
31 Dec202 1 |
|||
| General funds | 340,554 | 423,227 | (332,117) | (114,237) | 317,427 | |||
| At | ||||||||
| At 1 Jan 2020 |
Income | Expenditure | Transfers | Gains and losses |
31 Dec 202 0 |
|||
| F | ||||||||
| General funds | 499,210 | 287,963 | (346,392) | (100,228) | — | 340,553 | ||
| Restricted | funds | |||||||
| At | ||||||||
| Restricted | Fund | At 1 Jan 2021 F 211,377 |
Income 87,755 |
Expenditure (23,885) |
Transfers | Gains and losses F |
31Dec 202 1 275,247 |
|
| At | ||||||||
| At 1 Jan 2020 |
Income | Expenditure F |
Transfers f |
Gains and losses |
31 Dec 202 0 |
|||
| Restricted | Fund | 135,547 | 85,279 | (9,448) | 211,378 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | ||
| F | |||||||
| Permanent | |||||||
| Endowment Fund Fair value reserve |
4,593,388 | (33,674) | 114,237 | 4,673„951 | |||
| 4,593,388 | (33,674) | 114,237 | 4,673,951 | ||||
| At | |||||||
| At | Gains and | 31 Dec 202 | |||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 0 | ||
| F | |||||||
| Permanent | |||||||
| Endowment Fair value |
Fund reserve |
3,291,045 865,000 |
(37,417) | 100,228 | 374,532 | 3,353,856 1,239,532 |
|
| 4,156,045 | (37,417) | 100,228 | 374,532 | 4,593,388 |
| Unrestricted | Restricted | Endowment | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | ||
| Tangible fixed assets Current assets Creditors less than 1 Creditors greater than |
year 1 year |
82,563 278,684 (43,820) |
283,330 (8,083) |
4,883,836 (25,147) (184,738) |
4,966,399 562,014 (77,050) (184,738) |
| Net assets | 317,427 | 275,247 | 4,673,951 | 5,266,625 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| F | |||||
| Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year |
90,373 308,812 (58,629) |
216,265 (4,888) |
4,906,329 (18,123) (294,818) |
4,996,702 525,077 (81,640) (294,818) |
|
| Net assets | 340,556 | 211,377 | 4,593,388 | 5,145,319 |
| At | At | |||
|---|---|---|---|---|
| 1 Jan 2021 | Cash flows | 31Dec 2021 | ||
| F | ||||
| Cash Debt Debt |
at bank and in hand due within one year due after one year |
478,526 (35,123) (294,818) |
29,944 (7,024) 110,080 |
508,470 (42,147) (184,738) |
| 148,585 | 133,000 | 281,585 |
| CROYDON MOSQUE &ISLAMIC CEN Detailed Statement ofFinancial Activities Year ended 31 December 2021 |
TRE | |
|---|---|---|
| 2020 | ||
| Income and endowments | ||
| Donations and legacies |
||
| Funeral income and donations l3onation - Construction fund Generai donations Madrassa Collections Donated audit fee Government grant income |
52,090 26,415 172,282 66,430 3,000 75,256 |
47,400 28,510 115,803 87,784 3,000 48,164 |
| 395,473 | 330,661 | |
| Charitable activities |
||
| Tax recovered under Gift Aid |
14,682 | 8,716 |
| Other trading activities | ||
| Community events Book shop income |
9,250 3,977 |
3,597 5,218 |
| 13,227 | 8,815 | |
| Investment income |
||
| Income from investment properties |
87,600 | 25,050 |
| Total income | 510,982 | 373,242 |
| Year ended 31 Decem | ber 2021 | ||
|---|---|---|---|
| Expenditure | |||
| Costs ofraising donations | and legacies | ||
| Motor vehicle expenses | 14,635 | 5,851 | |
| Costs ofother trading activities |
|||
| Opening stock Purchases Closing stock |
20,223 6,263 24,007 |
16,028 9,286 20,223 |
|
| 2,479 | 5,091 | ||
| Expenditure on charitable |
activities | ||
| Wages and salaries Employer's NIC Rates and water Light and heat Repairs and maintenance Insurance Vehicle leasing/hire Other motor/travel costs Legal and professional fees Donated audit fee Telephone Stationery and computer expenses Depreciation Bank Charges Shariah Compliant loan —rent payable |
242,246 3,189 2,908 16,242 14,243 10,147 2,324 1,114 15,196 3,000 1,244 3,354 32,177 9,250 15,928 |
248,441 4,774 122 14,458 36,819 9,424 253 835 3,203 3,000 1,234 4,781 33,002 3,597 18,372 |
|
| 372,562 | 382,315 | ||
| Total expenditure | 389,676 | 393,257 | |
| Net income/(expenditure) | 121,306 | (20,015) |