## ## ## |||||Page| |---|---|---|---|---| |Trustees' annual
report||||| |Independent
auditor's
report to||the members||| |Statement offinancial
activities||||| |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||||||| |Principal office||525 London Road||||||| |||Thornton
Heath||||||| |||Surrey||||||| |||CR7 6AR||||||| |The trustees||Mr Nowsad
A Gani||||||| |||Mr Shuaib Yusaf||||||| |||Mr Asghar
Ali||||||| |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||||||| |||Mohammed
Jamil Karim Okhai —Construction|||||8 Maintenance|| |||Secretary||||||| |||Obaidullah
Khalid —Community
Welfare Secretary
Haroon Okhai —Funeral Secretary||||||| |||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)||||||| |||Saleemi Associates||||||| |||Chartered
accountants
792 Wickham
Road|8 statutory||auditor|||| |Bankers||Croydon
CRO 8EA||||||| |||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||||||| |||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| ||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)|