2023-06-30-accounts - Al-Shirkatul Islamiyyah

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				Page
Strategic Report
Report ofthe Trustees				2-5
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

Statement ofFinan for the Year Ended	cial 30	Activities June 2023
						30.6.23	30.6.22
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies							1,216
Other trading activities			3	6,946,899		6,946,899	6,761,701
Investment income			4	253,541		253,541	22,040
Other income							34,790
Total				7,200,440		7,200,440	6,819,747
EXPENDITURE	ON
Raising funds			5	5,836,193		5,836,193	5,204,518
Charitable activities
Charitable activities				1,255,602		1,255,602	1,109,450
Total				7,091,795		7,091,795	6,313,968
NET INCOME				108,645		108,645	505,779
Transfer between	funds
				108,645		108,645	505,779
RECONCILIATION		OF FUNDS
Total funds brought		forward		8,130,904	680,602	8,811,506	8,305,727
TOTAL FUNDS	CARRIED FORWARD			8,239,549	680,602	8,920,151	8,811,506

Al-Shirkatul Islami
a com an limited b	grantee
Balance Sheet
30June 2023
			30.6.23	30.6.22
			Total	Total
			funds	funds
		Notes
FIXEDASSETS
Tangible assets		10	6,973,894	6,604,270
CURRENT ASSETS
Stocks		11	1,524,642	1,542,252
Debtors		12	2,848,393	2,424,184
Cash at bank and in hand			275,163	355,077
			4,648,198	4,321,513
CREDITORS
Amounts falling due within one year		13	(909,853)	(805,523)
NET CURRENT ASSETS			3,738,345	3,515,990
TOTAL ASSETSLESS	CURRENT LIABILITIES		10,712,239	10,120,260
CREDITORS
Amounts falling due aAer	more than one year	14	(1,792,088)	(1,308,754)
NET ASSETS			8,920,151	8,811,506
FUNDS		16
Unrestricted funds			8,239,549	8,130,904
Restricted funds			680,602	680,602
TOTAL FUNDS			8,920,151	8,811,506

Al-Shirkatul Islami ah
acom an limited b uarantee
Cash Flow Statement
for the Year Ended 30 June	2023
				30.6.23	30.6.22
			Notes
Cash flows from operating	activities
Cash generated &om operations				572,391	562,710
Interest paid				~60,869	~39,250
Net cash provided by operating activities				511,522	523,460
Cash flows from investing	activities
Purchase oftangible fixed assets				(1,077,478)	(412,181)
Overdraft increased				(4,807)	2,821
Loan repayment /increased				483,334	(78,289)
Interest received				2,708	40
Net cash used in investing	activities			(596,243)	(487,609)
Change in cash and cash the reporting period	equivalents	in		(84,721)	35,831
Cash and cash equivalents	at the
beginning ofthe reporting	period			351,658	315,807
Cash and cash equivalents	at the end	of
the reporting period				266,937	351,658

ACTIVITIES
								30.6.23	30.6.22
Net income for the		reporting			period (as per the Statement ofFinancial			108,645	505,779
Activities)
Adjustments for:
Depreciation charges								707,854	689,310
Loss on disposal of	fixed			assets					81
Interest received								(2,708)	(40)
Interest paid								60,869	39,250
Decrease in stocks								17,610	(220,794)
Increase in debtors								(424,209)	(493,131)
Increase/(decrease)	in creditors							104,330	42,255
Net cash provided	by operations							572391	562,710
ANALYSIS OF CASH			AND CASH EQUIVALENTS
								30.6.23	30.6.22
Cash in hand								16,893	16,719
Notice deposits (less		than		3 months)				258,270	338,358
Overdrafts included		in bank loans and overdrafts				falling due	within one year	L8,226)	L3,419)
Total cash and cash	equivalents							266,937	351,658
ANALYSIS OF CHANGES IN NET DEBT
							At 1.7.22	Cash fiow	At 30.6.23
Net cash
Cash at bank and in	hand						355,077	(79,914)	275,163
Bank overdraft							~3,4(9	~4,807)	~8,226
							351,658	i84,72()	266,937
Debt
Debts falling due within			1 year				(103,730)	(1,792,088)	(1,895,818)
Debts falling due after 1			year				(1,~308 754	1,308,754
							(1,4~12,484	(483334)	((,~895 818
Total							(1,060 826)	~568,055	(1,~628 881

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
	30.6.23	30.6.22
Donations		1,216
		~1216

3.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
				30.6.23	30.6.22
	Media and publication		income	6,946,899	6,761 701
4.	INVESTMENT INCOME
				30.6.23	30.6.22
	Rents received			250,833	22,000
	Deposit account interest			2,708	40
				253,541	22,040
5.	RAISING FUNDS
	Raising donations	and	legacies
				30.6.23	30.6.22
	Telephone			11,005	28,043
	Postage and stationery			2,489	28,381
	Sundries			20,764	24,576
	Opening stock .			1,587,374	1,369,066
	Purchases			32,686	28,323
	Direct costs			4,554,843	4,342,850
	Closing stock			(1,557,489)	(1,587,374)
	Repairs and maintenance			32,801	30,171
	Motor expenses			8,966	7,291
	Travelling expenses			36,090	29,964
	Computer costs			674,315	596,028
	Re&eshments (Ziafat)			15,926	10,256
	Equipment			266,132	109,261
	Equipment hire			150,291	187,601
	Loss on sale ofassets				81
				5,836,193	5,204,518
	Aggregate amounts			5,836,193	5,204,518

CHARITABLE ACTIVITIES COSTS
	30.06.2023		30.06.2022
Charitable activities	~26(L2		~11 ~4
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
		30.6.23	30.6.22
Depreciation -owned assets		707,854	689,310
Deficit on disposal offixed assets			81

		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		1,216		1,216
Other trading activities		6,761,701		6,761,701
Investment income		22,040		22,040
Other income		34,790		34,790
Total		6,819,747		6,819,747
EXPENDITURE ON
Raising funds		5,204,518		5,204,518
Charitable activities
Charitable activities		1,109,450		1,109,450
Total		6,313,968		6,313,968
NET INCOME		505,779		505,779
Transfer between funds
		505,779		505,779
RECONCILIATION	OF FUNDS
Total funds brought	forward	7,625,125	680,602	8,305,727
TOTAL FUNDS CARRIED FORWARD		8,130,904	680,602	8,811,506

TANGIBLE FIXEDASSETS
		Freehold	Long	Plant and
		property	leasehold	machinery
COST
At 1July 2022		4,364,617	1,133,914	1,368,806
Additions		464,335		34,300
Disposals
At 30 June 2023		4,828,952	1,133,914	1,403,106
DEPRECIATION
At 1 July 2022		648,311	146,298	1,315,793
Charge for year		77,359	22,678	17,463
Eliminated on disposal
At 30June 2023		725,670	168,976	1,333,256
NET BOOK VALUE
At 30 June 2023		4,103,281	964,939	69,850
At 30June 2022		3,716,306	987,616	53,014
	Fixtures
	and	Motor	Computer
	fittings	vehicles	equipment	Totals
COST
At 1 July 2022	1,394,009	79,509	7,130,805	15,471,660
Additions	114,232	99,480	365,132	1,077,478
Disposals
At 30June 2023	1,508,241	178,989	7,495,937	16,549,138
DEPRECIATION
At 1 July 2022	1,010,746	70,430	5,675,812	8,867,390
Charge for year	99,499	35,825	455,031	707,854
Eliminated on disposal
At 30June 2023	1,110,245	106254	6,130,844	9,575244
NET BOOK VALUE
At 30June 2023	397,996	72,735	1,365,093	6,973,894
At 30June 2022	383,263	9,079	1,454,992	6,604,270

Notes	to the Financial Statements	- continued
for the	Year Ended 30June 2023
11.	STOCKS
			30.6.23	30.6.22
	Finished goods (less provision ofslowing moving stock of632,847)		1,524,642	1,542,252
12.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			30.6.23	30.6.22
	Trade debtors		1,730,091	1,517,573
	Other debtors		64,388	386,560
	VAT		7,393	99,402
	Prepayments and accrued income		1,046,521	420 649
			2,848,393	2,424,184
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			30.6.23	30.6.22
	Bank loans (see note 15)		111,956	107,149
	Trade creditors		692,361	565,990
	Other creditors		24,601	16,723
	Accrued expenses		80,935	115,661
			909,853	805,523
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			30.6.23	30.6.22
	Bank loans (see note 15)		1,792,088	1,308,754
15.	LOANS
	An analysis ofthe maturity	ofloans is given below:
			30.6.23	30.6.22
	Amounts falling due within one year on demand:
	Bank overdraft		8,226	3,419
	Bank loans		103,730	103,730
			111,956	107,149
	Amounts falling between one and two years:
	Bank loans - 1-2 years		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: Bank loan &5yrs		1,377,168	893,834

MOVEMEN	T IN FUNDS
					Net
					movement	At
				At 1.7.22	in funds	30.6.23
Unrestricted	funds
General fund				8,130,904	108,645	8,239,549
Restricted funds
Restricted fund				680,602		680,602
TOTAL FUNDS				8,811,506	108,645	8,920,151
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				7,200,440	(7,091,795)	108,645
TOTAL FUNDS				7,200 440	(7,091,795)	108,645
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.7.21	in funds	30.6.22
Unrestricted	funds
General fund				7,625,125	505,779	8,130,904
Restricted funds
Restricted fund				680,602		680,602
TOTAL FUNDS				8,305,727	505,779	8,811,506

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		6,819,747	(6,313,968)	505,779
TOTAL FUNDS		6,819,747	(6,313,968)	505,779

		Net
		movement	At
	At 1.7.21	in funds	30.6.23
Unrestricted funds
General fund	7,625,125	614,424	8,239,549
Restricted funds
Restricted fund	680,602		680,602
TOTAL FUNDS	8,305,727	614,424	8,920,151

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		14,020,187	(13,405,763)	614,424
TOTAL FUNDS		14,020,187	(13,405,763)	614,424

Detailed Statement	ofFinancial Activities	ofFinancial Activities
for the Year Ended	30June 2023
			30.6.23	30.6.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations				1,216
				1,216
Other trading activities
Media and publication		income	6,946,899	6,761,701
Investment income
Rents received			250,833	22,000
Deposit account interest			2708	40
			253,541	22,040
Other income
Other income				34,790
Total incoming resources			7,200,440	6,819,747
EXPENDITURE
Raising donations	and	legacies
Telephone			11,005	28,043
Postage and stationery			2,489	28,381
Sundries			20,764	24,576
Opening stock			1,587,374	1,369,066
Purchases			32,686	28,323
Direct costs			4,554,843	4,342,850
Closing stock			(1,557,489)	(1,587,374)
Repairs and maintenance			32,801	30,171
Motor expenses			8,966	7,291
Travelling expenses			36,090	29,964
Computer costs			674,315	596,028
Reheshments (Ziafat)			15,926	10,256
Equipment			266,132	109,261
Equipment hire			150,291	187,601
Loss on sale oftangible		fixed assets		81
			5,836,193	5,204,518
Charitable activities
Rates and water			77,350	71,072
Insurance			25,597	69,487
Light and heat			161,645	114,916
Telephone			20,491	21,931
Postage and stationery			5,157	3,640
Sundries			10,193	7,361
Repairs &maintenance			142,485	62,125
Motor vehicle expenses			4,664	1,468

Professional fees	3,200	2,482
Auditor's remuneration	14,780	11,980
Re&eshments (Ziafat)	15,195	10,193
Exchange (gains) / losses Depreciation oftangible fixed assets	6,125 707,854	4,235 689,310
Bank charges	4,463	4,537
Mortgage interest	56,406	34,713
	1,255,602	1,109,450
Total resources expended	7,091,795	6,313,968
Net income	108,645	505,779