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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|





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|Statement ofFinan<br>for the Year Ended|cial <br> 30|Activities<br> June 2023||||||
|---|---|---|---|---|---|---|---|
|||||||30.6.23|30.6.22|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS FROM||||||||
|Donations<br>and legacies|||||||1,216|
|Other trading activities|||3|6,946,899||6,946,899|6,761,701|
|Investment<br>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<br>activities||||||||
|Charitable<br>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<br>Islami|ah|||||
|---|---|---|---|---|---|
|a com an<br>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<br>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<br>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<br>funds||||8,239,549|8,130,904|
|Restricted<br>funds||||680,602|680,602|
|TOTAL FUNDS||||8,920,151|8,811,506|





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





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|ACTIVITIES||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||30.6.23|30.6.22|
|Net income for the||reporting|||period (as per the Statement ofFinancial|||108,645|505,779|
|Activities)||||||||||
|Adjustments<br>for:||||||||||
|Depreciation<br>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<br>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|





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|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|



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|DONATIONS|AND|LEGACIES|||
|---|---|---|---|---|
||||30.6.23|30.6.22|
|Donations||||1,216|
|||||~1216|





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|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<br>stock<br>.|||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<br>expenses|||36,090|29,964|
||Computer<br>costs|||674,315|596,028|
||Re&eshments<br>(Ziafat)|||15,926|10,256|
||Equipment|||266,132|109,261|
||Equipment<br>hire|||150,291|187,601|
||Loss on sale ofassets||||81|
|||||5,836,193|5,204,518|
||Aggregate<br>amounts|||5,836,193|5,204,518|





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



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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||fund|fund|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations<br>and legacies||1,216||1,216|
|Other trading<br>activities||6,761,701||6,761,701|
|Investment<br>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<br>activities|||||
|Charitable<br>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|





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|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<br>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<br>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<br>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<br>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<br>falling due within one year on demand:||||
||Bank overdraft||8,226|3,419|
||Bank loans||103,730|103,730|
||||111,956|107,149|
||Amounts<br>falling between one and two years:||||
||Bank loans - 1-2 years||103,730|103,730|
||Amounts<br>falling due between two and five years:||||
||Bank loans - 2-5 years||311,190|311,189|
||Amounts<br>falling due in more than five years: Bank loan &5yrs||1,377,168|893,834|





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|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<br>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|





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|||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<br>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<br>and legacies|||||
|Donations||||1,216|
|||||1,216|
|Other trading activities|||||
|Media and publication||income|6,946,899|6,761,701|
|Investment<br>income|||||
|Rents received|||250,833|22,000|
|Deposit account interest|||2708|40|
||||253,541|22,040|
|Other income|||||
|Other income||||34,790|
|Total incoming<br>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<br>expenses|||36,090|29,964|
|Computer<br>costs|||674,315|596,028|
|Reheshments<br>(Ziafat)|||15,926|10,256|
|Equipment|||266,132|109,261|
|Equipment<br>hire|||150,291|187,601|
|Loss on sale oftangible||fixed assets||81|
||||5,836,193|5,204,518|
|Charitable<br>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|





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|Professional<br>fees|3,200|2,482|
|---|---|---|
|Auditor's<br>remuneration|14,780|11,980|
|Re&eshments<br>(Ziafat)|15,195|10,193|
|Exchange (gains) / losses<br>Depreciation oftangible fixed assets|6,125<br>707,854|4,235<br>689,310|
|Bank charges|4,463|4,537|
|Mortgage<br>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|