2021-06-30-accounts - Al-Shirkatul Islamiyyah

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				Page
Reference and Administrative		details
Strategic Report
Report ofthe Trustees
Report ofthe Independent Auditor				6-7
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement				10
Notes to the Cash Flow Statement
Notes to the Financial	Statements		12	to	18
Detailed Statement of	Financial	Activities	19	to	20

Statement ofFinancial for the Year Ended 30	Activities June 2021
					30.6.21	30.6.20
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	20,609		20,609	9,541
Other trading activities		3	6,045,539		6,045,539	6,548,380
Investment income		4	22,039		22,039	23,431
Other income			2,205		2,205	17,756
Total			6,090,392		6,090,392	6,599,108
EXPENDITURE ON
Raising funds		5	4,453,384		4,453,384	5,201,517
Charitable activities
Charitable activities			1,405,955		1,405,955	1,290,061
Total			5,859,339		5,859,339	6,491,578
NET INCOME			231,053		231,053	107,530
Transfer between funds			92 233	~92233)
			323,286	(92,233)	231,053	107,530
RECONCILIATION	OF FUNDS
Total funds brought forward			7,301,839	772,835	8,074,674	7,967,144
TOTAL FUNDS CARRIED FORWARD			7,625,125	680,602	8,305,727	8,074,674

Balance Sheet
30June 2021
		30.6.21	30.6.20
		Total	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	6,881,480	6,977,475
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	11 12	1,321,458 1,931,053 322,047	1,233,386 2,407,077 326,033
		3,574,558	3,966,496
CREDITORS
Amounts falling due within one year		(763,268)	(1,403,491)
NET CURRENT ASSETS		2,811,290	2,563,005
TOTAL ASSETSLESSCURRENT LIABILITIES		9,692,770	9,540,480
CREDITORS
Amounts falling due after more than one year	14	(1,387,043)	(1,465,806)
NET ASSETS		8,305,727	8,074,674
FUNDS	16
Unrestricted funds Restricted funds		7,532,892 772,835	7,301,839 772,835
TOTAL FUNDS		8,"Gs,727	8 074,674

Cash Flow Statement
for the Year Ended 30June		2021
					30.6.21	30.6.20
				Notes
Cash flows from operating		activities
Cash generated from operations					759,082	1,209,002
Interest paid					~28,651)	~32,389
Net cash provided by operating activities					730,431	1,176,613
Cash flows from investing		activities
Purchase oftangible fixed	assets				(659,863)	(1,875,365)
Loan proceeds						827,386
Loan repayment					(78,763)
Interest received					39	1,431
Net cash used in investing	activities				(738,587)	(1,044,548)
Change in cash and cash	equivalents		in
the reporting period					(8,156)	132,065
Cash and cash equivalents		at the
beginning ofthe reporting		period			323,963	191,898
Cash and cash equivalents		at the end	of
the reporting period					315,807	323,963

ACTIVITIES
							30.6.21	30.6.20
Net income for the		reporting		period (as per the Statement ofFinancial			231,053	107,530
Activities)
Adjustments for:
Depreciation charges							755,775	755,073
Loss on disposal of	fixed assets						84
Interest received							(39)	(1,431)
Interest paid							28,651	32,389
Increase in stocks							(88„072)	(226,546)
Decrease/(increase)		in debtors					476,024	(112,818)
Increase/(decrease)	in creditors						(644,393)	654,805
Net cash provided	by operations						759,082	1,209,002
ANALYSIS OF CASH			AND	CASH EQUIVALENTS
							30.6.21	30.6.20
Cash in hand							25,434	24,788
Notice deposits (less		than 3 months)					296,613	301,245
Overdrafts included		in bank loans and overdrafts			falling	due within one year	L6,240)	(2,070)
Total cash and cash	equivalents						315,807	323,963
ANALYSIS OF CHANGES IN NET DEBT
						At 1.7.20	Cash flow	At 30.6.21
Net cash
Cash at bank and in	hand					326,033	(3,986)	322,047
Bank overdraft						~2,070)	~4,)70)	~6,240)
						323,963	~8,)36)	315,807
Debt
Debts falling due within			1year			(103,730)	(1,387,043)	(1,490,773)
Debts falling due after 1			year			(1,465,806)	1,465,806
						(1,569,536)	78,763	(1,490,773)
Total						(1,245,573)	70,607	(1,174,966)

Freehold	property	Straight line over	fifty years
Long leasehold		Straight line over	fifty years
Plant and	machinery	20%on reducing	balance
Fixtures	and fittings	20%on reducing	balance
Motor vehicles		33%on reducing	balance
Computer	equipment	25%on reducing	balance

DONATIONS AND LEGACIES
	30.6.21	30.6.20
Donations	20,609	9,541
	20,609	9,541

Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements
for the Year Ended 30June		2021
3.	OTHER TRADING ACTIVITIES
				30.6.21	30.6.20
	Media and publication		income	6,045,539	6,548,380
4.	INVESTMENT INCOME
				30.6.21	30.6.20
	Rents received			22,000	22,000
	Deposit account interest			39	1,431
				22,039	23,431
5.	RAISING FUNDS
	Raising donations	and	legacies
				30.6.21	30.6.20
	Telephone			19,071	14,420
	Postage and stationery			31,542	27,192
	Sundries			4,542	18,952
	Opening stock			1,298,694	1,069,807
	Purchases			1,049	23,507
	Direct costs			3,615,249	3,906,262
	Closing stock			(1,369,066)	(1,298,694)
	Repairs and maintenance			75,148	109,049
	Motor expenses			3,716	11,803
	Travelling expenses			31,865	68,278
	Computer costs			589,024	651,421
	Refreshments (Ziafat)			6,633	11,791
	Equipments			106,183	134,490
	Equipment hire			39,498	451,743
	Loss on sale ofassets			84
				4,453,232	5,200,021
	Other trading activities
				30.6.21	30.6.20
	Bad debts			152	1,496
	Aggregate amounts			4,453,384	5,201,517

DIRECT COST
	30.6.21	30.6.20
Charitable activities	1,405,955	1,290,061
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	30.6.21	30.6.20
Depreciation -owned assets	755,775	755,073
Deficit on disposal offixed assets	84

			Unrestricted	Restricted	Total
			fund	fund	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			9,541		9,541
Other trading activities			6,548,380		6,548,380
Investment income			23,431		23,431
Other income			17,756		17,756
Total			6,599,108		6,599,108
EXPENDITURE ON
Raising funds			5,201,517		5,201,517
Charitable activities
Charitable activities			1,290,061		1,290,061
Total			6,491,578		6,491,578
NET INCOME			107,530		107,530
RECONCILIATION	OF FUNDS
Total funds brought forward			7,126,236	840,908	7,967,144
TOTAL FUNDS CARRIED FORWARD			7,233,766	840,908	8,074,674

TANGIBLE FIXEDASSETS
		Freehold	Long	Plant and
		property	leasehold	machinery
COST
At 1 July 2020		4,364,617	1,132,685	1,340,182
Additions
Disposals
At 30June 2021		4,364,617	1,132,685	1,340,182
DEPRECIATION
At 1 July 2020		512,165	100,967	1,303,939
Charge for year		68,073	22,653	7,249
Eliminated on disposal
At 30June 2021		580,238	123,620	1,311,188
NET BOOKVALUE
At 30June 2021		3,784,379	1,009,065	28,994
At 30June 2020		3,852,452	1,031,718	36,243
	Fixtures
	and	Motor	Computer
	fittings	vehicles	equipment	Totals
COST
At 1 July 2020	1,226,388	102,290	6,264,985	14,431,147
Additions	57,478		602,385	659,863
Disposals		~22,781)		~22,781)
At 30June 2021	1,283,866	79,509	6,867,370	15,068,229
DEPRECIATION
At 1 July 2020	822,697	81,941	4,631,963	7,453,672
Charge for year	92,233	6,715	558,852	755,775
Eliminated on disposal		~22,698)	-	~22,698)
At 30June 2021	914,930	65,958	5,190,815	8,186,749
NET BOOKVALUE
At 30 June 2021	368,936	13,551	1,676,555	6,881,480
At 30June 2020	403,691	20,349	1,633,022	6,977,475

for th	e Year Ended 30June 2021
11.	STOCKS
			30.6.21	30.6.20
	Finished goods		1,321,458	1,233,386
12.	DEBTORS:AMOUNTS	PALLING DUE WITHIN ONE YEAR
			30.6.21	30.6.20
	Trade debtors		862,373	932,274
	Other debtors		409,607	424,963
	VAT		132,217	510,961
	Prepayments and accrued	income	526,856	538,879
			1,931,053	2,407,077
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.6.21	30.6.20
	Bank loans and overdrafts	(see note 15)	109,970	105,800
	Trade creditors		565,869	549,437
	Other creditors		20,104	713,627
	Accrued expenses		67,325	34,627
			763,268	1,403,491
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			30.6.21	30.6.20
	Bank loans (see note 15)		1,387,043	1,465,806
15.	LOANS
	An analysis ofthe maturity	ofloans is given below:
			30.6.21	30.6.20
	Amounts falling due within one year on demand:
	Bank overdraft		6,240	2,070
	Bank loans		103,730	103,730
			109,970	105,800
	Amounts falling between one and two years:
	Bank loans - 1-2years		103,730	103,730
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		311,190	311,189
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal		972,123	1,050„887

MOVEMEN	T IN FUNDS
				Net
				movement	At
			At 1.7.20	in funds	30.6.21
Unrestricted	funds
General fund			7,301,839	323,286	7,625,125
Restricted funds
Restricted fund			772,835	(92,233)	680,602
TOTAL FUNDS			8,074,674	231,053	8,305,727
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			6,090,392	(5,859,339)	231,053
TOTALFUNDS			6,090,392	(5,859,339)	231,053

		Net
		movement	At
	At 1.7.19	in funds	30.6.20
Unrestricted funds
General fund	7,126,236	175,603	7,301,839
Restricted funds
Restricted fund	840,908	(68,073)	772,835
TOTAL FUNDS	7,967,144	107,530	8,074,674

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		6,599,108	(6,491,578)	107,530
TOTAL FUNDS		6,599,108	(6,491,578)	107,530

		Net
		movement	At
	At 1.7.19	in funds	30.6.21
Unrestricted funds
General fund	7,126,236	338,583	7,464,819
Restricted funds
Restricted fund	840,908		840,908
TOTAL FUNDS	7,967,144	338,583	8,305,727

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		12,689,500	(12,350,917)	338,583
TOTAL FUNDS		12,689,500	(12,350,917)	338,583

Detailed Statement	ofFinancial Activities	ofFinancial Activities
for the Year Ended	30June 2021
			30.6.21	30.6.20
INCOME AND ENDOWMENTS
Donations and legacies
Donations			20,609	9,541
			20,609	9,541
Other trading activities
Media and publication		income	6,045,539	6,548,380
Investment income
Rents received			22,000	22,000
Deposit account interest			39	1,431
			22,039	23,431
Other income
Other income			2,205	17,756
Total incoming resources			6,090,392	6,599,108
EXPENDITURE
Raising donations	and	legacies
Telephone			19,071	14,420
Postage and stationery			31,542	27,192
Sundries			4,542	18,952
Opening stock			1,298,694	1,069,807
Purchases			1,049	23,507
Direct costs			3,615,249	3,906,262
Closing stock			(1,369,066)	(1,298,694)
Repairs and maintenance			75,148	109,049
Motor expenses			3,716	11,803
Travelling expenses			31,865	68,278
Computer costs			589,024	651,421
Refreshments (Ziafat)			6,633	11,791
Equipments			106,183	134,490
Equipment hire			39,498	451,743
Loss on sale oftangible		fixed assets	84
			4,453,232	5,200,021

Detailed Statement ofFinancial Activities
for the Year Ended 30June 2021
Other trading activities
Bad debts	152	1,496
Charitable activities
Rates and water	97,956	90,682
Insurance	66,561	66,445
Light and heat	125,280	165,994
Telephone	54,639	59,617
Postage and stationery	74,308	56,776
Sundries Repairs 4 maintenance	68,630 55,371	13,970 36,801
Motor vehicle expenses	7,020	6,526
Professional fees	49,335	8,535
Auditor's remuneration	11,050	10,150
Refreshments (Ziafat)	6,669	8,607
Exchange (gains) / losses Depreciation oftangible fixed assets	4,710 755,775	(21,504) 755,073
Bank interest	3,684	6,930
Mortgage interest	24,967	25,459
	1,405,955	1,290,061
Total resources expended	5,859,339	6,491,578
Net income	231,053	107,530