REGISTERED CHAIUTY NtFMBER.. 291089 REPORT OF THE TRUSTEES AND FINANC STATEMEIYTS FOR THE YEAII ENDED 31 TrL4RCH 2022 FOR MADINA MOSQUE TRUST Prestojjs & lacksons Partnership LLP Statutory Auditors 364 - 368 Cianbrook Road nford Essex IG2 6HY
11(AI)INA MOSQUE TRUST CONTENTS OF THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Page Report of the Trustees Report of the Independent Audltor5 Statement of Flnanci41 Acdvities Balance Sheet 10 to I Notes to the FlnallcIAI Statements 12 to 19 Detalled Ststement of Financial ActivAties 20 to 21
MADINA MOSQUE TRUST REPORT OF TIIE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their report with the financial statements of the ckwity for the year ended 31 March 2022. The trustees have adopted the PTovisions of Accounting and Reporting by CbaTities'. Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l Jalluary 2019). OBIEcfIvES AND ACTIVITIES Objectlves and aims To advance the religion of Islam, by mealls of, but not exclusive to, promoting the teachings and Trnets of Islam, in accordance with the Sunni HallafL School of Thought, provision of facilities for worship, and provision of facilities for Islamic educatio the public celebr&tioll of religious festivals and the distribution of literare on the Islamic faith to enlighten others. To promote any otbeT charitable purpose for the benefit of muslin and wider commuJ)ity. Our aitn is to provide a facility wbere Muslims can worsbip alld to provide a commullity facility for all the commujiity of Clapton. Our long-terni ambition is to help make our area a peaceful, vibrant and harnionious con]rnunity. Public Benefits The trustees eonfjnn that they have complied with the duty in section 4 of the Charities Act 26 to have due regard to public benefit guidance published by the Comn)ission in deternjining the activites undertaken by the Charity. Page I
MADINA MOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ElED 31 iWiCH 2022 ORJECTIVES AND ACTIVITIES Significant activities and Public Benefits The charity carries out a widc range of a¢tivities in pursuaLce of its Charitable aims. The trustees consider that these activities, summarized below. provide benefit both to our students and the wider community of Clapton. tA)ndon. CblldreD'S Clas$e$'. The charity OPCTates Supplementary School classes on the weekdays catering for approximately 200 thdents ranging between tbe ages of 5 - 16. Hifdh Classes (Qur'an Memorlsailon Programme): M¢morisation of the Qur'an Is Collsidered an important element of religious education alld trdining and therefore we continue to provide this facility for our student5. We cuttentiy have approximat¢ly 20 students enrolled onto this prograuim¢. Hifdh Graduation: we held a luatiOn ceremony to celebrate the n)arvellous acbicvcment of a student in completing the memorisation of the Qur'an. which was attended and enjoyed by more than 300 people. Ramadan Night Prayers (T2rawih): Two of our Qur'aEL memorisation progranune sdellts lead a large congregation in nightly prayers impeccably for tbe 11 Enonth of Ran]adaD. M&ny within the congregations were impressed by the quality of thcir recitation and the strength of their memoris8tioJ¥ dcspile their youllg age. Throughout Rarnadan. we also held iftar meals in the Masjid. This providcd great support to the overseas students and asylum seekers. Educational Programmes: At the tNsL we hold llnthlY ¢ducational PTogr&mmes for the students who hayc left tbe Classes. Evening Adult Classes: We also operate numerous classes for both malc and female adults witlkin the con)muuity tailored to their requirements alld needs. These include beginner QuT'an classes for adults and ther classes focusing on other sciences Marriage and burial Services We provide mattiagc and burial services. Strategies Wc wallt to make our Mosque an accessible and welcoming venue whcrc all Muslims. or those who wish to know more about our faith Can gather togethcr to leatn about their Ieligion and worsbip. The Mosquc is open at all times with daily pray¢rs. the Friday prayers being a focus of our activities. An important part of our strategy is community welfare and education. All our community facilities and activities including Classes and seADinars are advertised and we welcome the participation of all ill our local coll]munity. Going Concern The trustees consider that they have sufficient ndS and fmaDcial support from the cornmuDity to continue operations for th¢ next twelve mouths. It is for this reason they consider the charity to be a going concern. Volunteers Most of the charity's activities itLvolve volunteers in the delivery of its activities. We are. as always, grateful to these volunteers in Jjthing the activities of our Centre a Spiritual and pleasant experi¢n¢e for the public. Page 2
MADINA MOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW Reserves policy Reserves are needed to bridge the gap bett¥een the spending and receiving of income and to cover unplanned emergency repairs and other expendIre. The ttijst average monthly spending was £18,230 (2021:£16.597) per montb during year ended 3 1st March 2022. The trustees consider that the ideal level of reserves would cover six months sperLdin8 which is approximately £1 11,000 (2021.. £100,000). The unrestricted carried forward reserves come to £6.058.759 (2021.. Unrcstricted Funds £3.871.762 and Restricted Funds £1.005.439) with cash at bank of £186,959 (2021.. £540,466) at the year end 31 March 2022.Tbe ttustees consider the ttust is in a bealihy position to colltinuc support the charity objectives. Going concern The trnstees consider the cbaTity to have sufficient llds to continue in operations foT a period of twelve months. The trustees therefor¢ consider the c]wity to b¢ a going ¢oncern. STRUCTURE. GOVEBIYANCE AND TrL4NAGEMENT Governing doeum¢Dt The charity is registered as a Charity with Charity Commissiott for England olld Wales. The cbarity is governed by trustees and the executive committee, made up of the SteeS and the management committee, who are responsible for the effective management of the organisation. Meetings are held OJJ a regular basis. Recruitment and appointment of new trustees The existing trustses are responsible for the recruitment of new trustees. In selecting Thew trustees. we seek to identify people who are committ¢d individuals wbos¢ views ar¢ align to the cbartty's visioo in additlOD to being able to offer relevant skills alld experience. Potential trustees are invited to attend trustees, meetings to meet the trnstees and have an infonnal interview alld are given more details about the ¢harity's aims and activities and. if all agree. they are then proposed as new tnte¢S at the subsequent trustees, meeting. This process allows due eoD$ideration of the person's eligibility. personal competence, specialist ktkowledg¢ alld skills. OrganisatioDal strueture The charity trustees are responsible for tbe general control and management of the charity. The trustees meet together as a body and are responsible for tbe overall governaace. The nunagement cornmittee oversees the n]anagement and day to day running of the charity. To organise the governance of the clwity. the trustees are in th¢ process of setting up a number of sub-committees to delegate key areas of responsibility. The day-to-day managem¢nt of the charity and administration of the projects are controlled by the management comlljittcc. REFERENCE AND ADMSTRATIvE DETAILS Registered Charity number 291089 Page 3
MADINA MOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Principal addres5 2a Leabridge Road Clapton London E5 9QD Trustees AbduI Hai Saccha Sabbir Baiyat Yusuf Ali Maugera Adam Varachia Ebrahim Patel Mohamed SulemaD Pirbhai Abdul Rahman Patel Sabbir Patel Yusuf Hajat MaDagement Committee Gulam Hussain Mangera (Chairnian) Ilyas Anish Lakbi Badre-Alam Laher (Secretary) Zakariya Ajimed Suleman Ahmed PateE (Treasurer) M. Salim Patel Abdul Sattar Kaji Ishaq Anis Lakhi Saeed Ahmed Ravat Zaid Pat¢1 Ismail Mohammed Patel Auditors Prestons & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY STATEMEIYT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accowititlg Standards (United Kingdom Generally Accepted Accounting Practice). Page 4
MADINA MOSQUE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STATEMENT OF TRUSTEES, RESPONSTBtLITfEs - continued The law applicable to cbarities in England and Wales, the Charities Act 201E, Charity (A¢¢ounts and Reports) Regulations 2008 and the PTovisiolls of the trust d¢ed IequiIes th¢ trustees to prepare fuwicial Statements for each financial year which give a tsue and fair view of the stat¢ of affairs of the charity and of the incomiag resources and application of resources, including the income and expenditure, of the eharity for that period. In preparitig thos¢ f1tlle181 statements. the ttThstees are required to select suitable accountitig policies and then apply them consistently. observe the methods and prillciples in the Charity SORP. make judgements and estimates that are reasonable and prudent. prepare the fmancial statements on the going concetll basis Unless it is inappropriate to preswne that the charity will c07Jtinue in business. The tswtees are responsible for keeping proper accounting rerdS which disclose witb r¢asonable accuracy at any time the financial position of the charity and to enable them to ensure that the fmaDcial statements comply with the ChleteS Act 2011, the Charity (Accounts and Rcports) Regulations 2008 and the provisions of th¢ trust deed. They aT¢ also responsible for safe8uarding the a&sets of the charity and h¢n¢e for tAking reasonable steps for the prevention and dct¢ction of fraud and other irr¢gularities. Approved by order of th¢ board of trustees on..... and signed on its behalf by.. Trustee Pag¢ 5
REPORT OF THE INDEPEIYDENT AUDITORS TO THE TRUSTEES OF MADINA MOSQUE TRUST Oplnlon We have audited the fman¢ial statements of Madina Mosque Trust (the 'charity) for the year ended 31 Maich 2022 which comprise the Statement of Financial Activities. the Bilanee Sheet and notes to th¢ fu1claI statements, including a summary of significant accounting policies. The financial reporting framework tbat ha5 been applied ill their preparation is applicable law and United Kingdotn Aecounting Standards {United Killgdorll Generally A¢cept¢d Accounting Prnctice). tn our opinion the fJnau¢ial statements.. give a trnc and fair view of the state of the c]witVs affairs as at 31 March 2022 and of its iucoming r¢sources aad application of resowces, for th¢ year then ended. have been properly prep8r¢d in accordance with United Kingdom GeneIlY Acccp*d Accounting Practicc. and have b¢¢n PTepar¢d in accordance with the requiTements of the Charities Act 2011. Basis for opinio We coDduct¢d our audit in accordaD¢e with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiltties under thos¢ Standards are fillther described in the Auditors, responsibilities for the audit of the fukancial statements s¢¢tion of our reporL We are independent of the charity in accordAnce with tbe ¢thi¢al requirements that are relevant to our audit of tbe financtal statements in the UK. including the FRC'S Ethical Standard, and we have fulfill¢d our othcr cthical Sponsibl11t1es in accordance with th¢sc rcquirements. We beli¢v¢ that the audit evidence we bave obtsined is sufficient and appropriate to provide a basis for our QPiDiOn. Conelu$lou5 relating to going concern tn auditing the fllwLcial statements. w¢ have ¢oncluded thai the tNstees' use of th¢ going concern basis of a¢¢oullting i th¢ preparation of the financial statsments is appropriate. BAsed on the work we have pcrformed, we have not id¢ntified ally material uncertainties IelatÈng to events or conditions that. individually or eollectiv¢ly, may cast si11f1callÈ doubt on the charity's Ability to continue as a going concern for a period of at least twelve months from when the fanCIal ststements are authorised for issue. Our r¢sponsibililies and the respoDsibilities of the trn8tees with respect to goiog ¢on¢¢rn ar¢ dcrIbed in the relevant se¢tions of this report. Other Information The trustees ar¢ responsible for the other information. Th¢ other ]nfOrntIOn comprises the inforniation iu¢luded in tbe AnDual ReporL other than the financial stat¢m¢nts aad our R¢port of the llldep¢ndeot Auditors thereon. Our opinion on th¢ fmancial statements does not ¢ov¢r the other inforniation and. except to tbe exlent otherwise ¢xplicitly stated in our report, we do not express any form of assurance ¢onclusion thereon. tn cr)nnection with our audit of tbe findla1 statements, our responsibility is to read th¢ oth¢r inforJDation and. in doing so. consider whether the oth¢r inforntIon is matsrially inconsistent with the f]nancial statements or our knowl¢dge obtained in the audit or otherwise app¢ars to be materially misstated. If wc idcntify such material inconsistencies or apparcnt material misstatements. w¢ are requir¢d to detennin¢ whether this gives rise to a material mis$tatem¢nt in the financial statements themselves. If, bed on the work w¢ perfornied w¢ conclude that there is a material n)isstatement of this other infonnalion. we arc required to report that fact. We have nothing to rewrt ill this regard. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MADINA MOSQUE TRUST Matters on Ivhieh we are required to report by exception We have nothing to report in rc5pect of the following matters where the Charities (Accounls and Reports) Regulations 2008 requires us to report to you if. io our opinion.. the information given in the Report of the Trustee5 is illcoDSiStent in any material r¢5pe¢t with th¢ finaDcial statements- or sufficient accounting records have not been kept. or the financial statements are not in a8reem¢nt with the accounting records and returns. OT we have not received all the infornlation and explanations w¢ T¢quiie for our auth't. Responsibilities of trustees As explained more fully in the Statement of Tntees, Responsibilities, the trustees are responsible for the prepardtion of the fllthThcial statements whtch giv¢ a twe and fair view. al for such internal control as the trustees determine is necessary to ellable the preparation of fmancial statements that are free from material misstatement. whether due to fraud or error. tn preparitLg the financial statements, the trustees are r¢spon5ible for assessing tELe Charitys ability to continue as a going concern, disclosing, as applicable, matters related to goxllg concern and using the going concern basis of accounting unless the trustees cither intcnd to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Our responslb511ties for the audit of the fingncial statements We have been appointed as auditors ullder Section 144 of the Charities Act 2011 and rert in accordance with the Act and Televant regulatioDS nwle or having effe¢t thereunder. Our objtiveS are to obtain reasonable &8surance about whether th¢ financial statements as a whole are free from material misstatemenl. wknether du¢ to fraud or eLYor, and to issue a Rery>rt of the Independent Auditors that includes our opillion. Reasonable as8urallce is a high level of assurance. but is not a guarantee that an audit conducted in accordan¢e with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can aTiSC from fraud or error and are considered material if, individually or in the aggreate, they could rcasonably be expected to inth]uenc¢ the economic decisions of users taken on the basis of these financial state]n¢nts. r¢gularities. including fraud, are instances of non-compliance with laws and regulations. We design Procedure in line with our responsibilities. outlined above. to detct mat¢rAal nusstatem¢nts in respe¢t of irregularities. including fraud. We obtained UDd¢rstanding of the legal and regulatory framework applicable to the entity and how it complies with framework by discussing with senior management and checking compliance with the regulations. A further description of our responsibilities for th¢ audit of the financial statements is located on the Fillallcial Reporting Council'5 website at www.frc.org.uk/auditorsresponsibilities. Thi5 description forms part of our Report of tbe tndependent Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF MADINA MOSQUE TRUST Use of our report This report is ade solely to the charity's tswstees, as a body, in accordanc¢ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertakcll so that we might state to the charity's truste¢5 those matters we are required to State lo tbcm in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do llot accept or assume respollsibility lo anyone other than the charity and the charity's Irustees 85 a body. for our audit work. for this report. or for the opinioas we hav¢ fonncd. Prestons & Jacksons Partncrship LLP strtory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Page 8
MADINA MOSQUE TRUST STATEIIqENT OF FLYANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 31.3.22 Total funds 31.3.21 Total filnds Unrestricted Restricted fAmds fimd Notes INCOME AND EIYDOWMENTS FROM Donations and legacies 70,183 70,183 41.809 Other trading activities tnvesknent incomc 95,695 134,434 95,695 134,434 74,176 130,534 Total 300J12 300,312 246.519 EXPENDITURE ON Raising funds Other trading activities Investment managernent costs 13,364 4,325 13J64 4J25 10.185 17.689 17,689 10.185 Charitable actfivities Fund raising Activities AdrniDistration Charitabl¢ Activities 186.875 2.109 6,839 194,226 839 194226 Totsl 218,754 218,754 199,169 ET INCOME Transfers betiyeen funds Other recogllised gains1(losses) Gains on revaluation of fjxed assets 81,558 17 1,005,439 (1,005,439) 81,558 47J50 i.ioo,000 1,100,000 Net movement ill funds 2,186,997 (1,005,439) 1,181558 47J50 RECONCILIATION OF FUNDS Total funds brought fonvard 3,871,762 1,005,439 4,877201 4,829.851 TOTAL FUls CARRIED FORWARD 6,058,759 6,058,759 4.877201 The notes forni part of these fmancial statements Page 9
MADINA MOSQUE TRUST BALANCE SHEET 31 MARCH 2022 31.3.22 31.3.21 Notes FIXED ASSETS Tangible assets Investmcnt property 13 14 837,792 5,052,187 845.980 3,500.000 5.889,979 4.345,980 CURRENT ASSETS Cash at bank and in hand 186,959 540,466 CREDITORS Amounts falling due within one year 15 {18,179} (9,245) NET CURRENT ASSETS 168.780 531.221 TOTAL ASSETS LESS CURRENT LIABILITIES 6,058,759 4,877,201 NET ASSETS 058,759 4.877,201 The notes forn] part of these financial statements Page 10 continued...
MADILYA MOSQUE TRUST BALANCE SHEET - continued 31 MARCH 2022 FUNDS Unrcstrict¢d nds. Ullrcstricted Funds Revaluation Reserve 17 2.265,313 3,793.446 1,178,316 2,693,446 6,058,759 3,871,762 Rcstricted fiwds.. Restricted Funds 1.005.439 TOTAL FUNDS 6.058,759 4.877.201 The fmancial statements were approved by the Board of TTUStees and authorised for issue on - and were siglled OTh its behalf by: Tntee j. TNstee ¥1 The notes forni part of these financial statements Paqell
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES Basis of preparfing the fiDanclal statements The financial statements of thc charity, which is a public benefit entity under FRS 102, have been pr¢par¢d in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicablc to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of trcland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in the UK and Republic of Irelaud, and the Charities Act 2011. The financial statements have been prepared under the bistorical cost conv¢ntlOll, as modifi¢d by tbe revaluation of certain asscts. Income All illcome is recognised in the Statement of Financial A¢tiviti¢s once the clwity has entitlement to the funds, it is probable that tlle income will be r¢¢eived and the amount can b¢ measured reliably. Expenditure Liabilities are recognised as expendittwe as soon as there is a legal or CoDstctIVe obligation conimitting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in s¢ttlement alld the amount of tbc obligation ¢au be measurcd reliably. Exp¢Dditure 18 accounted for on all accruals basis and has been classified under headings that ag8r¢gate all cost related to the category. Whtte costs cannot be directly attributed to particular headings they have been allocated to activities oll a basis consistent with the use of resoiirces. Tangible ftted assets Fixtures & Fittings are depreciated at 2/Tr on reducing balance method. No depreciation is cbaiged on freehold property as it is maintained to a high standard and Its market value is higher than the book valu¢. IDvestmeDt properties tnvestrnent properties are shOTr at fair value valuation. Any aggregate sutplus or deficit arising from changes in fair value are tranSfTed to the SOFA. Taxatfion The charity is exempt frorn on its clwitable activities. Fund accounting Unrestricted funds can be used in accordallce with the ¢baritable objectives at the discretion of the trnstees. Restricted funds can only be used for particular r¢stricted putposes witbill the objects of the charity. Restrictions &ri$e when specified by the dottor or when fimds are raised for particular restricted purposes. Further explanation of the nature and Purpose of each fid 1$ included in the notes to the fmancial statements. Pension costs and other post-retirement ben¢fitS The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to wbich they relate. Page 12 continued..
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR TILE YEAR ENDED 31 IVL4RCH 2022 DONATIONS AND LEGACIES 31J.22 Total funds 31.3.21 Total funds UeStrICted Restricted funds fidS Donations Safc Collection Eid Collectioll Juma Collectlon Ramadan Collection 17,213 6,005 4,015 29,037 13,913 17,213 6,005 4,015 29,037 13,913 3.480 3.318 2.215 24,930 7,866 70,183 70,183 41,809 OTHER TRADING ACTIvrrIES 31.3.22 Total funds 31.3.21 Totsl Unrestricted Restricted fimds Calender l Radio Sales Burial Fees Maddresa Fees Marriage Fees Membership Fees 1,090 1,215 86,985 890 5,515 1,090 1,215 86,985 890 5.515 I,iio 4,908 67.638 520 95,695 95.695 74,176 INVESTMENT INCOME 31J.22 Total fullds 31.3.21 Total funds Unrestiicted Restricted funds funds Rents receivable 134,434 134,434 130,534 Pag¢ 13 continued...
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STA TElENTs - continued FOR TItE YEAR ENDED 31 MARCH 2022 OTHER TRADING ACTIVITIES 31.322 Total funds 31.3.2l Total funds Unrestricted Restricted fimds fiwds Purchases 13J64 13J64 10.185 JNVESTMENT MANAGEMENT COSTS 31J.22 Total funds 31.3.21 Total funds Unrestricted Restricted fidS fldS Letting A8ent Fee 4J25 4,325 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Admijjistration Charitable Activities 6,839 6,839 194,226 194.226 194,226 6,839 201,065 SUPPORT COSTS Governance costs Finance Totals Administration 1,039 5,800 839 AUDITORS, REMiJNEIL4TION 31.322 31.3.21 Fees payable to the charity's auditors for the audit of the charity's fall¢la1 stat¢ments 3,900 Page 14 colltinued...
MADIINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 10. TRUSTEESI REMUNEIL4TION AND BENEFITS There were llo tNstee5' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. Trustees, expenses There were no injstees, expenses paid for tbe year ended 31 March 2022 nor for the year ended 31 March2021. Key management p¢rsoDnel The key management personnel is the board of trustees and executive con)mittee. 11. STASF COSTS 31J.22 31.3.21 Wages and salaries Social secwity costs Other pension costs 139,263 679 1,413 153,109 1.523 2.685 141,355 157,317 The average monthly numb¢r of employees durtng the year was as follows." 31.3.22 20 31.3.21 20 Charitable Activities No employees received emoluments in excess of £60,000. 12. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVTfIES Unrestricted Restricted fidS Total funds INCOME AND EIWOWMENfs FROM Donations and legacies 41,809 41,809 Other trading activities Investtnent income 74.176 74,176 130.534 130,534 Total 130.534 115,985 246,519 EXPENDITURE ON Raising fuDds Other trading activities 10,185 10,185 10.185 10,185 Page 15 ¢ontinued...
MADIIYA MOSQUE TRUST IYOTES TO THE FINANCIAL STATEiVIENTS - continued FOR THE YEAR EI¥DED 31 MARCH 2022 12. COMPARATIVES FOR THE STATEMEIYT OF FfNANCIAL AcfIvITIES- continued Unrestricted Restricted Total fimds fimd fijnds Charitable 9etivities Fund raising Activities Administration 186.875 2,109 l86.875 2,109 Total 199,169 199,169 NET INCOMEIIEXPEIWITi7RE) 130,534 (83,184) 47.350 RECONCILTION OF FUNDS Total filllds brought forward 3,741.228 1,088,623 4.829.851 TOTAL FUNDS CAIiRIED FORWARD 3.871,762 1.005,439 4.877,201 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totsls COST At l April 2021 Disposals 837.792 61,066 (61,066) 898.858 {61,066) At 31 March 2022 837,792 837,792 DEPRECIATION At I April 2021 Elimioated 00 disposal 52.878 (52,878) 52,878 (52,878) At 31 March 2022 ET BOOK VALUE At 31 March 2022 837.792 837,792 At 31 March 2021 837.792 8,188 845.980 Page 16 continued...
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 MARCH 2022 14. STMENT PROPERTY FAIR VALUE At l April 2021 Additions Revaluation 3.500,000 452,187 I,ioo,000 At 31 March 2022 5,052,187 NET BOOK VALUE At 31 March 2022 5,052,187 At 31 March 2021 3,500,000 The trustees revalued the investrnent properties at £4.6 million excluding the additioll ill the y¢ar. The Trustee's Cost of investment properties including addition in the year was £1,258,741 (2021 £806,554) 15. CREDITORS: AMOiiNTS FALLING DifE WITHIN ONE YEAR 31J22 31.3.21 Taxation and social security Other creditors 1,533 16,646 3.789 5,456 18,179 9,245 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31J.22 Total fidS 31.3.21 Total funds Unrestricted Restricted funds fid Fixed assets Investments Current assets Current liabilities 837,792 5,052,187 186,959 {18,179) 837.792 5.052,187 186,959 (18,179) 845,980 3,500,000 540,466 (9,245) 6,058,759 6,058,759 4,877.201 Page 17 continued...
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR TItE YEAR ENDED 31 1CH 2022 17. MOVEMENT IN FUNDS Net movement in fimds Transfers between funds At 3113122 At 114121 Unrestricted funds Unrestricted Funds Reva]uation Reserve 1,178J16 2,693,446 81,558 I,ioo,000 1,005,439 2,265,313 3,793,446 3071,762 1,181.558 Restricted funds Restricted Funds 1,005,439 6,058,759 1.005,439 (1,005,439) TOTAL FUNDS 4.877,201 1,181,558 6,058,759 Net movement in funds, included in the abov¢ are as follows.. lllcoming Resources Tesources ex Gains and Movement losses in fimds Unrestricted funds Unrestricted Funds Revaluation Reserve 300,312 (218,754) 81,558 i.ioo,000 1,100,000 300J12 (218,754) I,ioo,000 1,181,558 TOTAL FifNDS 300J12 (21&754) 1,100,000 1,181,558 Comparatives for movement in funds Net movement in funds At 3113121 At 114120 Unrestricted funds Unrestricted Funds Revaluation Reserve 1,047,782 2.693,446 130,534 1,178.316 2,693,446 3.741.228 130.534 Restricted fllnds Restricted FutEds 3.871,762 1,088.623 (83,184) 1,005,439 TOTAL FUNDS 4,829.851 47,350 4,877.201 Page 18 continued...
MADINA MOSQUE TRUST NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2022 17. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in th¢ above are as follows: tn¢oming Resources Movement resources expended in funds Unrestricted fullds Unrcstsicted Funds 130.534 130,534 Restricted funds Restricted Funds 115.985 {199,169) (83.184) TOTAL FUNDS 246,519 (199.169) 47,350 Transfers between funds £1,005,439 wa5 transferred from restrictcd futLds to uorestri¢ted fimds as the trustees have collfned that the charity does not have aay restric*d fimds. 18. RELATED PARTY DISCLOSURES Ther¢ were no related paty transactions for the year ended 31 March 2022 (Nil . 31 March 2021) Page 19
MADINA MOSQUE TRUST DETAILED STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 TrLiRCH 2022 31.3.22 31.3.21 INCOME AND ENDOWMENTS Donations and legacie5 DonatlODS Safe Collection Eid Collection Juma Collection RaD]adan Collection 17,213 005 4,015 29,037 13,913 3,480 3,318 2,215 24.930 7,866 70.183 41,809 Other tr¥dillE aCtItieS C&lender / Radio Sales Burial Fees Maddresa Fees Marriage Fees Membership Fees 1,090 1.215 86,985 890 5,515 I,iio 4,908 67,638 520 95,695 74,176 Investment Income Rents receivable 134.434 130,534 Total incoming resources 300J12 246,519 EXPENDrruRE Other trading activities Purchases Mosque Books 10,424 2940 8,978 1.207 13J64 10.185 Investment managemejjt costs Letting Agent Fee 4a25 Charltable 4ctlvities Wages Social security Pensions Rates and water Carried forward 139,263 679 1,413 288 141,643 153,109 1,523 2.685 157.317 This page does not forn] part of the stattjtory fmancial staten]ents Page 20
MADINA MOSQUE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 31.3.22 31.3.21 Charitable activities Brought forward Jnsurallce Light and heat Telephone Postage and stationery Sundries Website Repairs & r¢ncwals Donations Loss on Sale of teng Fix Asset Depreciation of tangible fixed assets 141.643 1,446 24,221 456 1.084 157.317 1,285 12,294 616 2.168 1,592 9.556 756 12,762 3,670 8.188 2,047 194,226 186.875 Support costs Flnance Bank clwges 1,039 609 Governance costs Auditors, remuneration Accountaucy fees 3,900 1900 1,500 5000 1,500 Total T¢sources expellded 218,754 199.169 Net Income 81,558 47,350 This page does not forni part of the statutory fuwicial statements Page 21