##
|Contents||Page|
|---|---|---|
|Charity information|||
|Report ofthe managing|trustees|4-7|
|Independent
auditors'|report to the trustees|8-12|
|Statement offinancial|activities|13|
|Statement
offinancial|position|14|
|Cash flow statement||15|
|Notes to the financial statements||16-25|
##
|Governing||Document|The Constitution|||
|---|---|---|---|---|---|
|Nlanaging||Trustees||||
|President|||Dr Hassanali
Dewji|||
|Vice President|||Mohsin Asaria (elected 25Jul 2021)|||
|Secretary|||Sajjad Kara (elected 25 Jul||2021)|
|Assistant|Secretary||Sister Zahira
Dewji (elected 25 Jul 2021)|||
|Treasurer|||Salim Master|||
|Assistant|Treasurer||Bakerali Alidina (elected 25 Jul 2021)|||
|Mukhi|||Mohib Rajwani (elected 25||Jul 2021)|
|Assistant|Mukhi||Abbas Kara (elected|25Jul|2021)|
|Trustee|||Zishaan
Moledina|||
|Trustee|||Sister Sukaina
Rajwani (elected 25Jul 2021)|||
|Nominated||Trustee|Sister Shahida
Alidina|(elected 25Jul 2021)||
|Nominated||Trustee|Sister Sajida Hassam|(elected 25 Jul 2021)||
|Vice President|||Bakerali Alidina (resigned 25Jul 2021)|||
|Secretary|||Mohsin Asaria (resigned 25Jul 2021)|||
|Assistant|Secretary||Hassnein
Khaki (resigned 25 Jul 2021)|||
|Assistant|Treasurer||Sister Gulzar Dewji (resigned 25 Jul 2021)|||
|Mukhi|||Abbas Panjvani
(resigned 25 Jul 2021)|||
|Trustee|||Aliraza Janmohamed|(resigned 25Jul 2021)||
|Trustee|||Mariam
Hassam
(resigned||1 May 2021)|
|Registered||Address|Hyderi Islamic Centre|||
||||26 Estreham
Road|||
||||London|||
||||SW165PQ|||
|Bankers|||HSBC|||
||||117Balham
High Road|||
||||London|||
||||SW12 9AS|||
|Auditors|||Brian Paul Limited|||
||||Chase Green House|||
||||42 Chase Side|||
||||Enfield|||
||||Middlesex|||
||||EN2 6NF|||
|Solicitors|||Vyman Solicitors|||
||||Vyman House|||
||||104College Road|||
||||Harrow|||
||||HA1 1BQ|||
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||||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||Notes|Funds|Funds|2021|2020|
|||||||||Restated*|
|||||||||6|
|Income|||||||||
|Voluntary
income|||||356,697|1,160,661|1,517,358|3,587,012|
|Fundrasing
income|||||16,222||16,222|2,406|
|Investment
income|||||90,076||90,076|93,880|
|Charitable
activities income|||||289,045||289,045|301,438|
|Total income|||||752,040|1,160,661|1,912,701|3,984,736|
|Expenditure|||||||||
|Fundraising
costs|||||7,244||7,244|1,631|
|Investments
management
costs|||||7,265||7,265|7,842|
|Charitable
activities costs|||||556,389|292,375|848,764|631,013|
|Governance
costs|||||24,791||24,791|43,569|
|Total expenditure||||6|595,689|292„375|888,064|684,055|
|Net income|||||156,351|868,286|1,024,637|3,300,681|
|Net loss on disposal of investment||properly||19|(10,000)||(10,000)||
|Realised on sale of investment
properly||||19|369,503|(369,503)|||
|Net movement
in funds|||||515,854|498,783|1,014,637|3,300,681|
|Funds brought forward at the|start|ofthe year**|||1,617,211|5816437|7,433,648|4 132967|
|Funds carried forward at the end||ofthe year||19|2,133,065|6,315,220|8,448,285|7,433,648|
|*Restated as detailed
in note|6.||||||||
|These have been restated to reflect a reclassification|||offunds.||||||
##
|||||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible assets||||7|7,619,824||5,792,409||
|Investments||||8|1,880,101||2,590,101||
|Total fixed assets||||||9,499,925||8,382,510|
|Current assets|||||||||
|Stock||||9|832||3,129||
|Debtors||||10|17,988||30,168||
|Cash at bank|and in hand|||11|819,062||300,206||
|Total current|assets||||837,882||333,503||
|Liabilities|||||||||
|Creditors: amounts||falling|due within one year|12|(120,324)||(36,737)||
|Net current|assets|||||717,558||296,766|
|Total assets|less cunant||liabilities|||10,217,483||8,679,276|
|Creditors: amounts||falling|due after more than one year|13||(1,769,198)||(1,245,628)|
|Net assets||||19||8,448,285||7,433,648|
|The funds ofthe charity|||||||||
|Unrestricted|funds||||||||
|General funds||||14|2,133,065||1,617,211||
|||||||2,133,065||1,617,211|
|Restricted funds|||||||||
|Designated
funds||||15|5,054,984||4,218,586||
|Burial fund||||16|205,390||188,635||
|Revaluation|reserve|||17|1,015,687||1,385,190||
|Others||||18|39,159||24,026||
|||||||6,315,220||5,816,437|
|Total charity|funds|||19||8,448,285||7,433,648|
##
|THE KHOJA SHIA ITHNA-ASHRI|THE KHOJA SHIA ITHNA-ASHRI|THE KHOJA SHIA ITHNA-ASHRI|(SOUTH LONDON
) J|(SOUTH LONDON
) J|(SOUTH LONDON
) J|AMAAT (HYD|ERI IS|LAMIC CENT|RE)|
|---|---|---|---|---|---|---|---|---|---|
|CASH FLOW STATEMENT FOR|||THE YEAR ENDED 31|||DECEMBER|2021|||
|||||Notes||2021|2021||2020|
|Cash flows from operating|activities||||6|6||||
|Net movements
in funds||||||1,014,637|||3,300,681|
|Adjustments
for:||||||||||
|Investment
income||||4|(90,021)|||(93,687)||
|Interest income||||4||(55)||(193)||
|Depreciation
oftangible
fixed|assets|||7|19,039|||15,053||
|Realised loss on disposal of|investment|properly||8|10,000|||||
|Decrease/(Increase)
in stock||||9||2,297||(3,129)||
|Decrease/(Increase)
in debtors||||10|12,180|||(24,768)||
|Increase
in creditors||||||||1,098,109||
|Net cash inflow from operating
activities||||||(939,403)|||991,385|
|Cash flows from investing|activities|||||||||
|Investment
income||||4|90,021|||93,687||
|Interest income||||4||55||193||
|Purchase oftangible fixed assets||||7|(1,846,454)|||(4,536,028)||
|Sale ofinvestment
property||||8|700,000|||||
|Net cash (oufflow)/infiow
from investing|||activities|||(1,056,378)|||(4,442,148)|
|Cash flows from financing|activities|||||||||
|Bankloan||||12/13|1,500,000|||||
|Net cash inflow from financing
activities||||||1,500,000||||
|Change
in cash and cash equivalents||in|the year|||518,856|||(150,082)|
|Cash and cash equivalents
at beginning||of|the year|||300,206|||450,287|
|Cash end cash equivalents|at end of|the|year|||61S,OS2|||300,206|
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||NOTES TO THE FINANCIAL|STATEMEN|TS FOR THE|YEAR END'ED 31 D|ECEMBE|R 2021|||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Funds|Total Funds|Total Funds|
|||||Funds|||2021|2020|
|2|Voluntary
income|||8|||8|6|
||General
Funds|||80,337|||80,337|57,185|
||Nyaz 5 Ma/lises|||14,173|||14,173|5,223|
||Ahl-ul-8 aft (AS)|||18,435|||18,435|11,882|
||Gift aid tax income|||154,364|||154,364|180,888|
||Pioneer place donations'|||||836,398|836,398|2,972,789|
||Special activities income|||34,500|||34,500|5,260|
||Bunal subscnptions|||||39,660|39,660|49,580|
||Religious/relief
activities|||||284,603|284,603|260,172|
||Announcements|||620|||620|2,225|
||Subscriptions
received|||54,268|||54,268|41,828|
|||||356,697|1,180,661||1,517,358|3,587,012|
||*during the year 835kwas refunded|to members whose loans had been||mcorrectly recorded as donations|||||
|3|Fundrasing
income|||||||Restated|
||Fundraising
income|||13,579|||13,579||
||Special activities'|||640|||640|480|
||Shop income/canteen|||233|||233|1,551|
||Letting/hire
income|||1,770|||1,770|375|
|||||16,222|||16,222|2406|
||*2020figures have been reclassified|from Chantable|acBviies||||||
|4|Investment
Income||||||||
||Interest received|||55|||55|193|
||Rental income|||90,021|||90,021|93,687|
|||||90,076|||90076|93880|
|5|Charitable
activities income|||||||Restated|
||Fees received|||136,508|||136,508|112,762|
||Grants received|||137,149|||137,149|136,972|
||Job Retention
Grants*|||15388|||15388|51 704|
|||||289,045|||289,045|301,438|
##
##
||||||Unrestricted|Funds||Restricted|Funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Direct||Support|||Total|Total|
|6|Total expenditure||||costs||costs||Total|2021|2020|
||Charitable
activities costs||||E||E|5||E|E|
||- Religious activities||||371,257||74,674||292,375|738,308|267,702|
||- Nyaz &Majlises||||32,861|||||32,861|7,121|
||-Secular education||||68667||8 93D|||77597|112943|
||||||472,785||83,604||292,375|848,764|387,766|
||Fundraising
costs||||7,244|||||7,244|1,631|
||Investments
managemeiit|||costs|7,285|||||7,265|7,842|
||Governance
costs||||24,791|||||24,791|43,569|
||||||512,085||83,804||292,375|888,064|440,808|
|||||||||||2021|2020|
|6a|Support costs|||||||||E|F.|
||Heat, tght &water|||||||||29,657|9,954|
||Rates|||||||||5,709|45|
||lnsufarioes|||||||||9,948|7,598|
||Repairs &maintenance|||||||||7,392|14,259|
||Toys/activities|||||||||1,188|451|
||Food|||||||||1,806|1,91/|
||Telephone/broadband|||||||||1,628|1,464|
||SMS|||||||||28D|700|
||Postage|||||||||23|326|
||Stationery|||||||||465|534|
||pnnting/photocopying|||||||||1,034|619|
||Books|||||||||120|20D|
||Website|||||||||451|596|
||Depremation|||||||||19,039|15,053|
||Bank charges|||||||||432|1,261|
||Card charges|||||||||4,432|3,406|
|||||||||||83,604|58,383|
||||||||||||Restated|
|||||||||||2021|2020|
|Bb|Staff costs'|||||||||||
||Salaries and wages|||||||||206,195|171,549|
||PAYE/Employer|Nl||||||||7,773|4,947|
||Pension contnbutions|||||||||3.223|2,339|
|||||||||||217,191|178,835|
||Staff Numbers|||||||||||
||The average
monthly||number of employees|||||||2021|2020|
||Management|||||||||2|2|
||Preaching
&Lecturing||||||||||1|
||Nursery
Staff|||||||||14|14|
|||||||||||16|17|
||||||2021|2020|
|---|---|---|---|---|---|---|
|6c|Governance|costs|||E|E|
||Legal/professional||fees||20,495|37,042|
||Audit &accountancy|||costs|3,426|3,000|
||Subscriptions|paid|||870|3,527|
||||||24,791|43,569|
##
##
|7|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|
|||Assets||||||
|||under|Freehold|Leasehold|Fixtures &|Motor||
|||construction|Properties|Land|Equipment|Vehicles|Total|
||Costorvaluation:|||||||
||As at 1 January 2021||5,602,158|259,600|374,742|5,571|6,242,071|
||Additions|137,243|1,685,710||23,501||1,546,454|
||As at 31 December 2021|137,243|7,287,868|259,600|398,243|5,571|8,088,525|
||Depreciadon:|||||||
||As at 1 January 2021|||112,200|337,276|186|449,662|
||Charge for the year|||5,500|12,193|1,346|19,039|
||As at 31 December 2021|||117,700|349,469|1,532|468,701|
||Net BookValue:|||||||
||As at 31 December 2021|137,243|7,287,868|141,900|48,774|4,039|7,619,824|
||As at 31 December 2020||5,602,158|147,400|37,466|5,385|5,792,409|
|8|Fixed asset investments|||||2021|2020|
|||||||6|5|
||Fixed asset investments|||||2,590,000|2,590,000|
||Disposal|||||(700,000)||
||Realised
on disposal|||||(10,000)||
|||||||1,880,000|2,590,000|
||Other investments|||||||
||Hyderi Nursery
Ltd|||||100|100|
||Hyderi Islamic School|||||1|1|
||Market value at 31 December|||||1,880,101|2,590,101|
|9|Stocks|||||2021|2020|
|||||||6|6|
||Opening
balance|||||3,129||
||Additions
during
the year|||||1,066|6,888|
||Used during the year|||||(3,363)|(3,759)|
||Closing balance|||||832|3,129|
|10|Debtors|||||2021|2020|
|||||||6|f|
||Recoverable
gift aid|||||16,036|26,018|
||Other Debtors||||||2,200|
||Prepayments
and accrued income|||||1,950|1,950|
|||||||17,988|30,168|
##
##
|11|Cash and Bank||2021|2020|
|---|---|---|---|---|
||||f||
||Current
and deposit accounts||818,565|299,762|
||Petty cash||497|444|
||||819,062|300,206|
|12|Creditors: Amounts
within one year|falling due|2021
f|2020
F|
||Taxation and social security||5,383|2,818|
||Accrued expenses||5,738|11,784|
||Other creditors||39,448||
||Deferred
Income||32,153|16,635|
||Bank loan||32,102||
||SCI Funerals
Limited|(Note 13)|5,500|5,500|
||||120,324|36,737|
|13|Creditors: Amounts
after more than one|falling due
year|2021
f|2020
f|
||SCI Funerals
Limited||||
||Balance at 1 January||113,800|126,900|
||Payments
in the year||(11,000)|(13,100)|
||Balance at 31 December
Less: Due within one year (Note 12)||102,800
~5,500|113,800
5, 00)|
||SCI Funerals
Limited|balance|97,300|108,300|
||Bank loan||1,467,898||
||Other creditors*||204,000|1,137,328|
||Balance due after more than one year at 31 December||1,769,198|1,245,628|
##
##
||||Balance|Income|Expenditure|Realised|Balance|
|---|---|---|---|---|---|---|---|
|14|General funds||01.01.2021||||31.12.2021|
||||E|E|E|E||
||Balances at|1 January 2021|1,617,211|752,040|(595,689)|359,503|2,133,065|
||||1,617,211|752,040|(595,689)|359,503|2,133,065|
|||||Freehold|Investment|Fixtums 8||
|15|Designated|fixed asset fund||properties|properties|Fittings|Total|
|||||E|E|6|E|
||Balances at|1 January 2021||3,894,304|224,451|99,831|4,218,586|
||Pioneer Piece donations|||836,398|||836,398|
||Balance at|31December 2021||4,'730,702|224,451|99,531|5,054,964|
|16|Burial fund|||||2021|2020|
|||||||E|E|
||Balances at|1 January 2021||||188,635|165,607|
||Received during the year|||||39,660|49,580|
||Payments
during
the year|||||||
|||||||205,390|188635|
|17|Revaluation|reserve|||Balance|Realised|Balance|
||||||01.01.2021||31.12.2021|
||||||E|E|E|
||Investment|properties|||1,385,190|(369,503)|1,015,687|
||||||1,385,190|(369,503)|1,015,687|
##
##
||NOTES TO THE FINANCIAL STATEMEN|TS FOR THE YEAR ENDED 3|1 DECEM|BER 2021||
|---|---|---|---|---|---|
|18|Restricted funds - Others|Balance|||Balance|
|||01.01.2021|Income|Expenditure|31.12.2021|
|||8|6|6|6|
||Hyderi - Internal|||||
||Ghusal
Kafan|9,402|1,514|(595)|10,321|
||Sports
—Gents|284|930|(924)|290|
||Sports - Ladies|(1,035)|1,035|||
||Madresse|2,620|2,211||4,831|
||Tablet project|(4,833)|16,479|(26,630)|(14,984)|
||Covid Fund|2,090|3,275|(5,365)||
||Funeral Service|(1,554)|29,205|(21,612)|6,029|
||Total - Internal|6,964|54,649|(55,126)|6,487|
||External|||||
||Global walk||1,392|(1,392)||
||Majlis e Ulema||2,500|(2,500)||
||Afghan
refugees||275|(275)||
||Ramadhan
relief|1,844|||1,844|
||Al Ayn|1,087|||1,087|
||AAWA||1,790|(1,790)||
||Fidya||1,562|(1,562)||
||Fitra||3,558|(3,558)||
||Kaffara||20|(20)||
||Khums - Sehme Imam**||125,233|(117,180)|8,053|
||Khums - Sehme Sadaat|9,475|75,907|(78,329)|7,053|
||Poor, Widows
& Orphans|766|150||916|
||Radde Mazallim||25||25|
||Welfare Fund/Sadqa|3,890|12,542|(2,738)|13,594|
||WF Aid||5,000|(5,000)||
||Total - External|17,062|229,954|(214,344)|32,672|
||Total Others|24,026|284,603|(269,470)|39,159|
||Burial Fund|188,635|39,660|(22,905)|205,390|
||Total Restricted Funds|212,661|324,263|(292,375)|244,549|
##
##
||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|FOR THE YEAR END|ED 31DE|CEMBER|2021|
|---|---|---|---|---|---|---|
|19|Analysis ofnet assets between funds||||||
||||General|Designated|Rastdictad|Total|
||||Funds|Funds|Funds|Funds|
||||E|E|4|E|
||Fund balances|at 31 December 2021|||||
||represented
by:||||||
||Total fixed assets||2,133,065|5,054,984|1,015,687|8,203,736|
||Net current assets||||244,549|244,549|
||||2,133,065|5,054,984|1,260,236|8,448,285|
##
##
|19|Analysis of|Analysis of|net assets between funds|aalance|Income|Expenditure|Realised|Balance|
|---|---|---|---|---|---|---|---|---|
|||||01.01.2021||||31.12.2021|
|||||E||E|E|E|
||Unrestricted||Funds||||||
||Designated|Funds|||||||
||General Funds|||1,617,211|752,040|595689)|359,503|2,133,065|
|||||1,617,211|752,040|(595,689)|359,503|2,133,055|
||Restricted|Funds|||||||
||Fixed Assets||Funds'|4,218,586|836,398|||5,054,984|
||Others|||24,026|284,603|(269,470)||39,159|
||Burial Fund|||188,635|39,660|(22,905)||205,390|
||Revaluation||reserve|1,385,190|||(369,503)|1,015,687|
|||||5,816,437|1,160,661|(292,375)|(369,503)|6,315,220|
||Total Funds|||7,433,648|1,912,701|888 064|10,000)|8,448,285|