## ## ## ||||Page| |---|---|---|---| |Trustees'
annual
report|||| |Independent
auditor's
report to|the members||| |Statement offinancial
activities|||| |Statement
oftinancial
position|||10| |Statement ofcash flows|||| |Notes to the financial statements|||| |The following
pages do not form part of||the financial statements|| |Detailed statement
offinancial activities|||| |Notes to the detailed statement|offinancial|activities|| ## ## ## ## |Reference and administrative
details|Reference and administrative
details|Reference and administrative
details||||||| |---|---|---|---|---|---|---|---|---| |Principal office||525 London Road||||||| |||Thornton
Heath||||||| |||Surrey||||||| |||CR7 6AR||||||| |The trustees||Mr Nazir Ahmed
Haji||||||| |||Mr Afzal Hussen
Amirali|Ali|||||| |||Mr Asghar
Ali||||||| |||Mr Muhammad
Saqib Khan||||||| |||Mr Waqas Khan||||||| |||Mohammed
Jamil Okhai||||||| |||Mr Mohammad
Rafiq Razzak||||||| |||Mr Haroon
Karim Okhai||||||| |||Mr Shuaib Yusaf (resigned||31stDecember 2022)||||| |||Mr Nowsad
A Gani (resigned 31st||||December|2022)|| |Management|Committee|||||||| |||Afzal Hussen
Amirali
Aii —Chairman||||||| |||Nazir Haji —General Secretary||||||| |||Mohammed
Saqib Khan —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||||||| |||Surrey CR9 1SX||||||| |||National Westminster
Bank||Pic||||| |||1393London Road||||||| |||London||||||| |||SW164XF||||||| |Legal Advisors||Lee Bolton Monier-Williams||LLP||||| |||1 The Sanctuary||||||| |||London||||||| |||SW1P3JT||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 31|Dec|ember|2022||||| |---|---|---|---|---|---|---|---| |||||2022|||2021| ||||Unrestricted|Restricted|Endowment||| ||||funds|funds|funds|Total funds|Total funds| |||Note|||||| |Income and endowments|||||||| |l3onations
and legacies||4|326,174|69,006||395,180|395,473| |Charitable
activities||5|18,084|||18,084|14,682| |Other trading
activities||6|8,344|4,000||12,344|13,227| |Investment
income||7|85,900|||85,900|87,600| |Total income|||438,502|73,006||511,508|510,982| |Expenditure|||||||| |Expenditure
on raising funds:|||||||| |Costs ofraising|||||||| |donations
and|||||||| |legacies
Costs ofother||8|||||14,635| |trading
activities||9|11,396|||11,396|2,479| |Expenditure
on|||||||| |charitable
activities||10,11|330,524|40,696|27,188|398,409|372,562| |Total expenditure|||341,920|40,696|27,188|409,805|389,676| |Net income and net|||||||| |movement
in funds|||96,582|32,310|(27,188)|101,703|121,306| |Reconciliation
offunds|||||||| |Total funds brought|forward||226,317|332,684|4,707,625|5,266,626|5,145,319| |Total funds carried|forward||322,899|364,994|4,680,437|5,368,330|5,266,625| ## ## ## |||||||2021| |---|---|---|---|---|---|---| ||||Mote|||| |Fixed assets||||||| |Tangible fixed assets
investments|||||2,765,471
2,165,000|2,801,390
2,165,000| ||||||4,930,471|4,966,399| |Current assets||||||| |Stocks
Debtors
Cash at bank and|in hand||18
19|21,439
54,065
403,215||24,007
29,537
508,470| |||||478,719||662,014| |Creditors: amounts||falling due within one year|20|40,861||77,050| |Net current assets|||||43?,858|484,964| |Total assets less|current liabilities||||5,368,329|5,451,363| |Creditors: amounts||falling due after more than||||| |one year|||21|||184,738| |Net assets|||||5,368,329|5,266,625| |Funds ofthe charity||||||| |Endowment
funds
Restricted funds
Unrestricted
funds|||||4,680,437
364,994
322899|4,673,951
275,247
31742?| |Total charity funds|||||5,368,330|5,266,625| ## ## ## |Year ended 31 Decem|ber 2022|||| |---|---|---|---|---| ||||2022|2021| |||||F| |Cash flows from operating|activities|||| |Net income|||101,703|121,306| |Adjustments
for:||||| |Depreciation
oftangible fixed assets|||35,928|32,177| |Government
grant income
Dividends,
interest and rents
Accrued expenses/(income)|from investments||(85,900)
15,063|(75,256)
(87,600)
(13,060)| |Changesin:||||| |Stocks
Trade and other debtors
Trade and other creditors|||2,568
(24,528)
(26,105)|(3,784)
(3,211)
1,446| |Cash generated
from operations|||18,729|(27,982)| |Net cash from/(used
in) operating
activities|||18,729|(27,982)| |Cash flows from investing|activities|||| |Dividends,
interest and rents
Purchase oftangible assets|from investments||85,900|87,600
(1,874)| |Net cash from investing
activities|||85,900|85,726| |Cash flows from financing|activities|||| |Proceeds from borrowings
Government
grant income|||(209,885)|(103,056)
75,256| |Net cash used
in financing
activities|||(209,885)|(27,800)| |Net (decrease)/increase
in
Cash and cash equivalents|cash and cash
at beginning|equivalents
ofyear|(105,256)
508,470|29,944
478,526| |Cash and cash equivalents|at end ofyear||403,214|508,470| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Depreciation|Depreciation|Depreciation|| |---|---|---|---| |Depreciation
is calcuiated
so as to write off the cost or valuation
value, over the useful economic life ofthat asset as follows:|||of an asset, less its residual| |Freehold property|1%reducing|balance|| |Fixtures and fittings|10%reducing|balance|| |Motor vehicles|25% reducing|balance|| |Equipment|10%reducing|balance|| |Computer
equipment|33%reducing|balance|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations
and legacie|s|||| |---|---|---|---|---| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|2022| |Donations||||| |Funeral income and donations
Donation - Construction
fund
General donations
Madrassa
Collections
Donated
audit fee||236,978
86,196
3,000|10,750
58,256|10,750
58,256
236,978
86,196
3,000| |Grants||||| |Government
grant income||||| |||326,174|69,006|395,180| ## ## ## |4.|Donations|and legacie|s
(continued)||||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total Funds| ||||||Funds|Funds
f|2021
F| ||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| |5.|Charitable|activities|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2022|Funds|2021| |||||||F|| ||Tax recovered
under Gift Aid|||18,084|18,084|14,682|14,682| |6.|Other trading activities||||||| ||||||Unrestricted|Restricted|Total Funds| ||||||Funds|Funds|2022| ||Community
Book shop|events
income|||8,344|4,000|4,000
8,344| ||||||8,344|4,000|12,344| ||||||Unrestricted|Restdcted|Total Funds| ||||||Funds|Funds|2021| ||||||F|F|| ||Community
Book shop|events
income|||3,977|9,250|9,250
3,977| ||||||3,977|9,250|13,227| |7.|Investment|income|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2022|Funds|2021| ||Income from investment||properties|85,900|85,900|87,600|87,600| ## ## ## |Ye|ar ended 31 December|ar ended 31 December|ar ended 31 December|ar ended 31 December|2022|2022|||| |---|---|---|---|---|---|---|---|---|---| |8.|Costs ofraising donations||||and legacies||||| |||||||Restricted|Total Funds|Restricted|Total Funds| |||||||Funds
f|2022
f|Funds
f|2021| ||Costs ofgenerating||income|||||14,635|14,635| |9.|Costs ofother trading|||activities|||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2022
f|Funds|2021| ||Costs ofother trading|||activities - Shop|||||| ||costs|||||11,396|11,396|2,479|2,479| |10.|Expenditure|on charitable|||activities by fund type||||| |||||||Unrestricted|Restricted|Endowment|Total Funds| |||||||Funds|Funds
f|Funds
f|2022
f| ||Support costs|||||330,524|40,696|27,188|398,409| |||||||Unrestricted|Restricted|Endowment|Total Funds| |||||||Funds|Funds
f|Funds
f|2021
f| ||Support costs|||||329,638|9,250|33,674|372,562| |11.|Expenditure|on charitable|||activities by activity type||||| ||||||||Support|Total funds|Total fund| ||||||||costs
f|2022
f|2021
f| ||Expenditure
Governance|or charitable
activities
costs|||||380,508
17,901|380,508
17,901|358,381
14,181| ||||||||398,409|398,409|372,562| |12.|Net income||||||||| ||Net income is stated after charging/(crediting):||||||||| |||||||||2022
f|2021| ||Depreciation|oftangible||fixed|assets|||35,928|32,177| |13.|Auditors
remuneration||||||||| ||Fees payable|for the audit of|||the financial|statements||2022
3,000|2021
f
3,000| ## ## ## |eS tO the FinanCial Statemen
r ended 31 December 2022
Staffcosts|tS
&oontinued)|||| |---|---|---|---|---| |The total staff costs and employee|benefits for the|reporting|period are analysed as|follows:| ||||2022|2021| ||||F|| |Wages and saiaries
Social security costs|||203,273
14,546|242,246
3,189| ||||217,819|245,435| |Administration
functions are carried|out by unpaid|volunteers.||| ## ## ## |Tangible fixed as|sets|||||| |---|---|---|---|---|---|---| ||||||User|| ||Land and|Fixtures|Motor||defined|| ||buildings|and fittings|vehicles|Equipment|asset|Total| ||||||F|| |Cost||||||| |At 1Jan 2022||||||| |and 31 Dec2022|2,793,273|175,611|17,774|122,778|20,685|3,130,121| |Depreciation||||||| |At 1 Jan 2022
Charge for the|74,437|131,992|15,703|86,033|20,557|328,722| |year|27,188|4,362|639|3,675|64|35,928| |At 31 Dec 2022|101,625|136,354|16,342|89,708|20,621|364,650| |Carrying
amount||||||| |At 31Dec2022|2,691,648|39,257|1,432|33,070|64|2,765,471| |At 31 Dec2021|2,718,836|43,619|2,071|36,745|128|2,801,399| ## ## ## ||Investment| |---|---| ||propertiesf| |Cost or valuation|| |At 1January 2022 and 31 December 2022|2,165,000| |Impairment|| |At 1 January 2022 and 31 December 2022|| |Carrying
amount|| |At 31 December 2022|2,165,000| |At 31 December 2021|2,165,000| ## |18.|Stocks||||| |---|---|---|---|---|---| |||||2022
f|2021| ||Islamic Books and consumables|||21,439|24,007| |19.|Debtors||||| |||||2022
f|2021| ||Sundry debtors
Prepayments
Sundry debtors - rent|||2,200
6,281
27,500|1,600
13,463| ||Gift Aid|||18,084|14,474| ||||||29,537| |20.|Creditors: amounts||falling due within one year||| |||||2022
f|2021
f| ||Qard e Hasna
Shariah
Compliant
Trade creditors|loan||17,000
674|17,000
25,147| ||Accruals and deferred
income
Outstanding
Zakat and fitra distribution
Wages|||26,552
(4,140)
775|8,589
8,083
18,231| |||||40,861|77,050| ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||Income
in Advance|||||2,900|| |23.|Government|grants|||||| ||The amounts|recognised|in the financial statements||for government|grants are as follows:|| |||||||2022|2021| ||Recognised|in income from donations||and legacies:|||| ||Government|grants income|||||75,256| ## |Unrestri|cted
funds||||||| |---|---|---|---|---|---|---|---| ||||At||||At| |||1|January 20||||31Decembe| ||||22|Income|Expenditure|Transfers|r2022| |General|funds||226,317|438,502|(341,920)||322,899| ||||At||||At| |||1|January 20||||31 December| ||||21|Income|Expenditure|Transfers|2021| |General|funds||340,554|423,227|(332,117)|(114,237)|317,427| ## ## ## ## |Rest|ricted||funds||||||| |---|---|---|---|---|---|---|---|---|---| ||||||At||||At| |||||1 January|20||||31 Oecembe| ||||||22|Income|Expenditure|Transfers|r2022| ||||||||||F| |Restricted|||Fund|332,684||73,006|(40,696)||364,994| ||||||At||||At| |||||1 January|20||||31 December| |||||F|21|Income
F|Expenditure
f|Transfers|2021| |Restricted||Fund||211,377||87,755|(23,885)||275,247| |Endowment|||funds||||||| ||||||At||||At| |||||1 January|20||||31 Oecembe| ||||||22|Income|Experiditure|Transfers|r2022| ||||||||||F| |Permanent|||Endowment||||||| |Fund|1 -desc in a/cs|||4,707,625|||(27,188)||4,680,437| ||||||At||||At| |||||1 January|20||||31 December| ||||||21|Income|Expenditure|Transfers|2021| ||||||||F||| |Permanent|||Endowment||||||| |Fund|1 -desc in a/cs|||4,593,388|||(33,674)|114,237|4,673,951| |||Unrestricted|Restricted|Endowment|Total Funds| |---|---|---|---|---|---| |||Funds|Funds|Funds|2022| |||F|F||| |Tangible fixed assets
Current assets
Creditors less than
1
Creditors greater than|year
1 year|73,823
305,945
(41,427)|172,774
4,140|4,856,648|4,930,471
478,719
(37,287)| |Net assets||338,341|176,914|4,856,648|5,371,903| |||Unrestricted|Restricted|Endowment|Total Funds| |||Funds|Funds|Funds|2021
f| |Tangible fixed assets
Current assets
Creditors less than
1 year
Creditors greater than
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| ## ## ## ## |Anal|ysis ofchang|es
in net debt|||| |---|---|---|---|---|---| ||||At||At| ||||1 Jan 2022
f|Cash flows|31 Dec2022| |Cash
Debt
Debt|at bank and
in hand
due within one year
due after one year||508,470
(42,147)
(184,738)|(105,255)
25,147
184,738|403,215
(17,000)| ||||281,585|104,630|386,215| ## ## ## ## ## |Yea'r ended 31 Dec|ember 2022||| |---|---|---|---| |||2022|2021| ||||F| |Income and endowments|||| |Donations
and legacies|||| |Funeral income and donations||10,750|52,090| |Donation - Construction|fund|58,256|26,415| |General donations||236,978|172,282| |Madrassa
Collections
Donated audit fee||86,196
3,000|66,430
3,000| |Government
grant income|||75,256| |||395,180|395,473| |Charitable
activities|||| |Tax recovered
under Gift Aid||18,084|14,682| |Other trading activities|||| |Community
events
Book shop income||4,000
8,344|9,250
3,977| |||12,344|13,227| |Investment
income|||| |Income from investment|properties|85,900|87,600| |Total income||511,508|510,982| ## ## ## |Year ended 3|1 De|cem|ber 2022||| |---|---|---|---|---|---| ||||||2021| |Expenditure|||||| |Costs ofraising|donations||and legacies||| |Motor vehicle expenses|||||14,635| |Costs ofother trading||activities|||| |Opening
stock
Purchases||||24,007
8,828|20,223
6,263| |Closing stock||||21,439|24,007| |||||11,396|2,479| |Expenditure
on charitable|||activities||| |Purchases||||20,189|| |Wages and salaries||||203,273|242,246| |Employer's
NIC
Rates and water||||14,546
96|3,189
2,908| |Light and heat||||24,342|16,242| |Repairs and maintenance||||17,680|14,243| |Insurance||||12,398|10,147| |Funeral expenses||||1,489|| |Vehicle leasing/hire||||2,164|2,324| |Other motor/travel
costs
Legal and professional
fees||||344
14,612|1,114
18,196| |Telephone
Stationery
and computer expenses||||3,150
1,494|1,244
3,354| |Depreciation
Bank Charges
Shariah
Compliant|loan|—rent payable||35,928
25,798
18,694|32,177
9,250
15,928| |Book-keeping
charges||||2,212|| |||||398,409|372,562| |Total expenditure||||409,805|389,676| |Net income||||101,703|121,306| ## ## ## |Notes to the Detailed Statement of
Year ended 31 December 2022|Fina|ncial Activities||| |---|---|---|---|---| ||||2022|2021| |Costs ofraising donations
and legacies
Costs ofgenerating
income||||| |Donations - motor vehicle expenses||||14,635| |Costs ofraising donations
and legacies||||14,635| |Costs ofother trading activities||||| |Costs ofother trading activities -Shop costs||||| |Book shop costs - opening
stock
Book shop costs - purchases
Book shop costs - closing stock|||24,007
8,828
(21,439)|20,223
6,263
(24,007)| ||||11,396|2,479| |Costs ofother trading
activities|||11,396|2,479| |Expenditure
on charitable
activities||||| |Activity type 1||||| |Support costs||||| |Support charitable
activity
1
-purchases|||20,189|| |Support charitable
activity
1
-wages/salaries|||203,273|242,246| |Support charitable
activity
1
Support charitable
activity
1
Support charitable
activity
1
-employer's
NIC
-rates 8 water
- iight 8 heat|||14,546
96
24,342|3,189
2,908
16,242| |Support charitable
activity
1
- repairs 8 maintenance|||17,680|14,243| |Support charitable
activity
1
- insurance|||12,398|10,147| |Support charitable
activity
1
- Funeral cost|||1,489|| |Support charitable
activity
1
Support charitable
activity
1
-Sundry
- other motor/travel|costs||2,164
344|2,324
1,114| |Support charitable
activity
1
- legal and professional||fees|11,609|15,196| |Support charitable
activity
1
Support charitable
activity
1
Support charitable
activity
1
-telephone
-Stationary
and computer expenses
-depreciation|||3,150
1,494
35,928|1,244
3,354
32,177| |Support charitable
activity
1
-Social and Community||events|25,798|9,250| |Support charitable
activity
1
Support charitable
activity
1
- Bank Charges
- Book-keeping|||3,796
2212|4,747| ||||380,508|358,381| |Governance costs||||| |Governance
costs - donated
audit fees
Shariah
Compliant
Loan - rent payable|||3,003
14,898|3,000
11,181| ||||17,901|14,181| |Expenditure
on charitable
activities|||398,409|372,562|