| Page | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's report |
to the trustees | ||
| Statement offinancial | activities | ||
| Statement offinancial | position | ||
| Notes to the financial | statements | ||
| The following pages |
do not form part ofthe financial statements | ||
| Detailed statement of |
financial | activities | 13 |
| Reference and administrative | Reference and administrative | Reference and administrative | details | ||
|---|---|---|---|---|---|
| Registered | charity | name | Jamia Islamia Ghousia Trust | ||
| Charity registration | number | 297279 | |||
| Principal office | 23Westbourne | Road | |||
| Luton | |||||
| Bedford shire | |||||
| LU4 8JD | |||||
| The trustees | |||||
| Mr Abdul Aziz Qazi | |||||
| Mr Mehboob | Khan | ||||
| Mr Abdul Majid |
|||||
| Mr Nisar Ahmed | |||||
| Independent | examiner | Durrani 8 Co | |||
| 72 Cardigan | Street | ||||
| Luton | |||||
| Bedford shire | |||||
| LU1 1RR |
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | F | |||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 862,218 | 862,218 | 439,770 | ||
| Investment income |
5 | 39,380 | 39,380 | 55,904 | ||
| Total income | 901,598 | 901,598 | 495,674 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 6 | 608,906 | 608,906 | 447,106 | |
| Total expenditure | 608,906 | 608,906 | 447,106 | |||
| Net gains on investments | 1,376 | 1,376 | ||||
| Net income and net movement | in funds | 294,068 | 294,068 | 48,568 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
1,281,399 | 1,281,399 | 1,232,831 | |||
| Total funds carried forward | 1,575,467 | 1,575,467 | 1,281,399 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | f | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 12 | 1,030,281 | 1,031,264 | |||
| Current assets | ||||||
| Debtors | 2,109 | |||||
| Cash at bank and | in | hand | 687,792 | 374,929 | ||
| 689,901 | 374,929 | |||||
| Creditors: amounts | falling | due within one year | 13 | 144,715 | 124,794 | |
| Net current assets | 545,186 | 250,135 | ||||
| Total assets less | current | liabilities | 1,575,467 | 1,281,399 | ||
| Net assets | 1,575,467 | 1,281,399 | ||||
| Funds ofthe charity | ||||||
| Unrestricted funds |
1,575,467 | 1,281,399 | ||||
| Total charity funds | 14 | 1,575,467 | 1,281,399 |
| value, over the useful econo | mic life ofthat asset a |
s follows |
|---|---|---|
| Fixtures and fittings | 20% reducing | balance |
| Motor vehicles | 20% reducing | balance |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds f |
2021 f |
Funds | 2020 | |||
| Donations | ||||||
| Donations | 194,249 | 194,249 | 134,409 | 134,409 | ||
| Funeral services | 308,945 | 308,945 | 83,541 | 83,541 | ||
| Parents contributions | and school fees | 48,601 | 48,601 | 99,096 | 99,096 | |
| Grants | ||||||
| Local authority | grants | 310,423 | 310,423 | 122,724 | 122,724 | |
| 862,218 | 862,218 | 439,770 | 439,770 |
| Ye | ar ended 3 | 1 March | 1 March | 20 | 2 | 1 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5. | Investment | income | |||||||||||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||||||
| Funds | 2021 | Funds | 2020 | ||||||||||||
| F | F | ||||||||||||||
| Income from | investment | properties | 39,380 | 39,380 | 55,790 | 55,790 | |||||||||
| Bank interest | receivable | type | 1 | 114 | 114 | ||||||||||
| 39,380 | 39,380 | 55,904 | 55,904 | ||||||||||||
| 6. | Expenditure | on charitable | activities | by fund | type | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||||||
| Funds | 2021 | Funds | 2020 | ||||||||||||
| Activity type | 1 | 4,000 | 4,000 | ||||||||||||
| Activity type | 3 | 245,071 | 245,071 | 73,018 | 73,018 | ||||||||||
| Support costs | 363,835 | 363,835 | 370,088 | 370,088 | |||||||||||
| 608,906 | 608,906 | 447,106 | 447,106 | ||||||||||||
| 7. | Net gains on | investments | |||||||||||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||||||
| Funds | 2021 | Funds | 2020 | ||||||||||||
| F | |||||||||||||||
| Gains/(losses) | on other | investment | |||||||||||||
| assets | 1,376 | 1,376 | |||||||||||||
| 8. | Net income | ||||||||||||||
| Net income is | stated after | charging/(crediting): | |||||||||||||
| 2021 f |
2020 | ||||||||||||||
| Depreciation | oftangible | fixed | assets | 8,813 | 9,058 | ||||||||||
| 9. | Independent | examination | fees | ||||||||||||
| 2021 | 2020 | ||||||||||||||
| Fees payable | to the independent | examiner for: | |||||||||||||
| Independent | examination | of | the financial statements | 1,200 | 1,200 | ||||||||||
| 10. | Staff costs | ||||||||||||||
| The total staff | costs and | employee | benefits for | the reporting | period are | analysed as | follows: | ||||||||
| 2021 | 2020 | ||||||||||||||
| Wages and salaries | 218,110 | 217,168 |
| Tangible fixed asset | s | |||
|---|---|---|---|---|
| Freehold | Fixtures and | Motor | ||
| property | fittings | vehicles | Total | |
| F | ||||
| Cost | ||||
| At 1 April 2020 | 995,030 | 90,194 | 31,720 | 1,116,944 |
| Additions | 12,054 | 12,054 | ||
| Disposals | (12,497) | (12,497) | ||
| At 31 March 2021 | 995,030 | 90,194 | 31,277 | 1,116,501 |
| Depreciation | ||||
| At 1 April 2020 Charge for the year |
71,843 3,670 |
13,838 5,143 |
85,681 8,813 |
|
| Disposals | (8,274) | (8,274) | ||
| At 31 March 2021 | 75,513 | 10,707 | 86,220 | |
| Carrying amount At 31 March 2021 |
995,030 | 14,681 | 20,570 | 1,030,281 |
| At 31 March 2020 | 995,030 | 18,351 | 17,882 | 1,031,263 |
| Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | |||
| Bank loans and overdrafts | 139,857 | 121,189 | ||
| Accruals and deferred | income | 1,200 | 2,073 | |
| Social security and other taxes | 3,658 | 1,532 | ||
| 144,715 | 124,794 |
| Unrestri | cted funds |
||||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| At | Gains and 31 March 202 | ||||||
| 1 | April 2020 F |
Income f |
Expenditure F |
losses | 1 F |
||
| General | funds | 1,281,399 | 901,598 | (608,906) | 1,376 | 1,575,467 | |
| At | |||||||
| At | Gains and 31 March 202 | ||||||
| 1 | April 2019 | Income | Expenditure | losses | 0 | ||
| F | F | ||||||
| General | funds | 1,232,831 | 495,674 | (447,106) | 1,281,399 |
| Analysis | ofnet as | sets between funds | ||
|---|---|---|---|---|
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| Tangible | fixed assets | 1,030,281 | 1,030,281 | |
| Current | assets | 689,901 | 689,901 | |
| Creditors | less than | 1 year | (144,715) | (144,715) |
| Net assets | 1,575,467 | 1,575,467 | ||
| Unrestricted | Total Funds | |||
| Funds f |
2020 | |||
| Tangible | fixed assets | 1,031,264 | 1,031,264 | |
| Current assets | 374,929 | 374,929 | ||
| Creditors | less than | 1 year | (124,794) | (124,794) |
| Net assets | 1,281,399 | 1,281,399 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| Income and endowments | ||||||
| Donations and legacies |
||||||
| Donations | 194,249 | 134,409 | ||||
| Funeral services | 308,945 | 83,541 | ||||
| Parents contributions |
and school fees | 48,601 | 99,096 | |||
| Local authority grants |
310,423 | 122,724 | ||||
| 862,218 | 439,770 | |||||
| Investment income |
||||||
| Income from investment | properties | 39,380 | 55,790 | |||
| Bank interest receivable | type | 1 | 114 | |||
| 39,380 | 55,904 | |||||
| Total income | 901,598 | 495,674 | ||||
| Expenditure | ||||||
| Expenditure on charitable |
activities | |||||
| Ghousia funeral services | 245,071 | 73,018 | ||||
| Wages and salaries | 218,110 | 217,168 | ||||
| Rent | 40,800 | 39,300 | ||||
| Rates and water | 5,650 | 5,843 | ||||
| Light and heat | 13,979 | 12,726 | ||||
| Repairs and maintenance | 24,126 | 26,661 | ||||
| Insurance | 6,230 | 6,658 | ||||
| Motor vehicle expenses | 1,854 | 4,881 | ||||
| Legal and professional | fees | 6,898 | 5,476 | |||
| Telephone | 4,923 | 3,148 | ||||
| Other office costs | 1,228 | 1,400 | ||||
| Depreciation | 8,813 | 9,058 | ||||
| Other interest payable | and similar charges | 6,367 | 9,151 | |||
| Printing, postage and |
stationery | 3,890 | 9,057 | |||
| Mehria school student | needs | 4,933 | 7,657 | |||
| Advertising | 4,698 | 5,046 | ||||
| Seminars, functions and |
events | 3,020 | 2,896 | |||
| Sundries and subscriptions |
8,316 | 7,962 | ||||
| 608,906 | 447,106 | |||||
| Total expenditure | 608,906 | 447,106 |
| Year ended | 31 March 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| F | ||||
| Net gains on | investments | |||
| Gains/(losses) | on other investment | assets | 1,376 | |
| Net income | 294,068 | 48,568 |