2022-03-31-accounts - Seven Kings Muslim Educational Trust

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Seven Kings Muslim	Educational	Trust
Statement ofFinancial Activities
for the Year Ended	31March 2022
			it I/3/22	31/3/21
			nrestricted	Total
			fund	funds
		Notes		6
INCOME FROM
Donations			19,781	42,791
Other activities			4,710	11,862
Investment income			132,776	139,142
Total			257,267	193,795
EXPENDITURE ON
Raising funds			4,856	8,591
Cbaritable activities
Support cost			77,728	68,703
Direct cost				9,529
Total			i 82&584	86823
NET INCOME			174,683	106,972
RECONCILIATION	OFFUNDS
Total funds brought forward			3,376,257	3,269,285
TOTAL FUNDS CARRIED FORWARD			3,550,940	3,376,257

	Notes
FIXEDASSETS
Tangible assets	9
Investment property	10
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year	12
NET CURRENT ASSETS
TOTAL ASSETSLESSCURRENT
LIABILITIES
NETASSETS
FUNDS	13
Unrestricted funds
TOTAL FUNDS

Seven	Kings Muslim Educational	Kings Muslim Educational	Kings Muslim Educational	Trust	Trust
Notes	to the Financial Statements			-continued
for the Year Ended 31March 7022
2.	OTHER ACTIVITIES
									/3/22		31/3/21
									f		f
	HMRC JRSGrant								4,710		11,862
3.	INVESTMENT INCOME
									38/3/22		31/3/21
											f
	Rents receivable								182,776		139,142
4.	RAISING FUNDS
	Investment management		costs
									31/3/22		31/3/21
									f
	Property repairs k Agent		fees						4,856		8,591
5.	TRUSTEES' REMUNERATION				AND		BENEFITS
	The trust considers its	key magagement				personal compromise ofthe trustees.
	There were no trustees'		remuneration			or	other benefits	for the year ended	31iMarch 2022 nor for			the
	year ended 31March	2021.
	Trustees' expenses
	There were no trustees'		expenses		paid		for the year	ended 31 March 2022 nor		for	the year ended
	31March 2021.
	STAFFCOSTS
									32/3/22		31/3/21
									f		f
	Wages and salaries								55,839		17,273
									35,839		17473
	The average monthly	number ofemployees					during the year was as follows:
									32/3/22		3]/3/21
	Charitable Activities									2	2
	No employees received emoluments				in	excess of660,000.
							Page 12				continued. ..

Seven	Kings Muslhn Educational Trust	Kings Muslhn Educational Trust
Notes	to the Financial Statements -continued
for the Year Ended 31March 2022
	COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIE			S31.3,2021
					Unrestricte
					fundf
	INCOME FROM
	Donations				42,791
	Other activities				11,862
	Investment income				139,142
	Total				193,795
	EXPENDITURE ON
	Raising funds				8,591
	Charitable activities
	Support cost				68,703
	Direct cost				9,529
	Total				86,823
	NET INCOME				106,972
	RECONCILIATION	OFFUNDS
	Total funds brought foruard				3,269,285
	TOTAL FUNDS CARRIED
	FORWARD				3,376,257
8.	INDEPENDENT EXAMLNER FEES
			31.03.5021		31.03.2020
			d		6
	Independent Examination		1,900		1,800
			Page 13		continued. ..

Seven	Kings Muslim Educational	Kings Muslim Educational	Kings Muslim Educational	Trust
Notes	to the Financial Statements			-continued
for the Year Ended			31March 2022
11,	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE				YEAR
							3U3/22	3I/3/21
							8
	Other debtors						2,300	900
	Prepayments						3,781	1,766
							I6,081	2,666
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							31/3/22	3]/3/21
								f,
	Taxation and	social security					2,528	1,102
	Other creditors						6)927	73,546
							9,455	74,648
13.	MOVEMENT		IN FUNDS
							.Net
							movement	At
						At 1/4/21	iu funds	31/3/22
							) 5
	Unrestricted	funds
	General fund					3,376,257	174,683	3,550,940
	TOTAL FUNDS					3,376,25'7	174)683	3,550,940
	Net movement		in funds, included	in the	above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						5	f.
	Unrestricted	funds
	General fund					257,267	(82,584)	174,683
	TOTAL FUNDS					257,267	(82,584)	174,683
					Page 15			continued. ..

Seven Kings Muslim Educational Trust	Seven Kings Muslim Educational Trust	Seven Kings Muslim Educational Trust
Detailed Statement ofFinancial		Activities
for the Year Ended 31	March 2022
				31/3/22		31/3/21
					f
INCOME
Donations
Gifts						2
Donations				119,781		42,789
				119,781		42,791
Other activities
HMRC JRSGrant				,	4,710	11,862
Investment income
Rents receivable				132,776		139,142
Total incoming resources				il57,267		193,795
EXPENDITURE
Investment management	costs
Property repairs StAgent	fees				4,856	8.591
Charitable activities
Wages Postage snd stationery				(35,S39 (		17,273 225
Donations						2,(00
Freehold property				:11,283		9,529
				'	47,122	29,727
Support costs
Management
Rates and water					6,273	7,209
Insurance					6,461	4,321
Light and hea'					8,671	11,000
Telephone					1,574	1,269
Cleaning					1,649	425
Equipment expenses						785
General Repairs					3,950	21,596
					28,578	46,605
Governance costs
Independent Examiner's	Fees				2,028	1,900
This page does not form part			ofthe statutory	financial statements
			Page 17

3	/3/22	31/3/21
	82,584	86,823
	ii74,683	106,972