| Contents | ~Pa e | |
|---|---|---|
| Trust Information | ||
| Trustees' Annual Report |
2-3 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Sale ofPublications Account |
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| Balance Sheet | ||
| Notes to the Financial | Accounts | 8-1 I |
| THE MUSLIM EDUCATIONAL | TRUST | TRUST | |
|---|---|---|---|
| TRUST INFORMATION | |||
| Trustees: | Dr. Zahirul Haq BSc, MBChB Dr. Shaikh Muhammad Shahadat |
Husain MBBS, DA (London) | |
| Dr. Faruq Nurul Arefin MBBS, PLAB (UK), USMLE |
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| Dr. A.B.M. Nazem MBBS |
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| Professor Ghulam Sarwar M. Com, FRSA |
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| Ms Farhat Yasmeen Sarwar BSc, PGCE |
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| Ms Sultana Nasreen Sarwar MA, |
PGCE | ||
| Charity Registration | |||
| Number: | 313192 | ||
| Registered Office: | 130Stroud Green Road | ||
| London | |||
| N4 3RZ | |||
| Accountants: | Sabera k Co | ||
| Chartered Accountants |
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| 126 Middlesex Street |
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| London | |||
| El 7HY |
| Income & Ex enditure | Restricted | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Unrestricted | Fund | Total | Unrestricted | Fund | ||||||||
| Notes | 2021 | 2021 | 2021 | 2020 | |||||||||
| INCOME: | |||||||||||||
| Income from Donations & Grants | |||||||||||||
| Coronavirus Job Retention |
Scheme Grant | I | 7,234 | 0 | 7,234 | ||||||||
| Income from Assets | |||||||||||||
| Gross Rental Income Received | 26,031 | 26,031 | 28,134 | ||||||||||
| Interest Receivable from Short |
Term | & | |||||||||||
| Bank Deposits Less: Donations to Charity |
181 (0) |
181 | 181 | 835 (0) |
835 | ||||||||
| 7,234 | 26,212 | 33,446 | 28,969 | ||||||||||
| Income from Charitable | Activities | ||||||||||||
| Gross Sales from Sale ofPublications | I | 0 | 11,331 | 11,331 | 15,916 | ||||||||
| Total Income for the Year | 13 | 7,234 | 37,543 | 44,777 | 44,885 | ||||||||
| EXPENDITURE | |||||||||||||
| Rental Income Ex enses | |||||||||||||
| Managing Agent Commission Council 1ax |
2,773 1,705 |
2,773 1,705 |
2,813 1,640 |
||||||||||
| Other Letting Expenses | 1,864 6,342 |
1,864 6,342 |
1,537 5,990 |
||||||||||
| Sale ofPublications Ex |
enses | Charitable | Ex | enditure | |||||||||
| Cost ofSales | 0 | 5,894 | 5,894 | 9,766 | |||||||||
| Sales Staff Salaries | 5,787 | 3,951 | 9,738 | 9,741 | |||||||||
| Other Direct Expenses | 0 5,787 |
16,456 26,301 |
16,456 32.088 |
16,688 36,195 |
|||||||||
| Direct Charitable Ex enditure |
|||||||||||||
| Staff Salaries | 6 | 1,447 | 988 | 2,435 | 2,455 | ||||||||
| Travel Expenses Educational Grants Paid |
7 | 0 0 |
535 4,800 |
535 4,800 |
535 4,800 |
||||||||
| Subscriptions & Periodicals |
9 | 0 1,447 |
182 6,505 |
182 7,952 |
182 7,972 |
||||||||
| Indirect Charitable Ex |
enditure | ||||||||||||
| Rates and Water | 1,592 | 1,592 | 1,565 | ||||||||||
| Light & Heat Insurance |
1,558 433 |
1,558 433 |
1,363 565 |
||||||||||
| Telephone, Fax & Internet Printing, Postage & Stationery Repairs & Maintenance Accountancy Fee Other Professional |
933 870 200 975 400 |
933 870 200 975 400 |
586 473 710 975 0 |
||||||||||
| Computer Software & IT Bank Charges Travel Expenses General Expenses Loss on Disposal Depreciation |
100 90 42 704 1,077 646 9,620 |
100 90 42 704 1,077 646 9,620 |
50 90 5 617 0 887 7,886 |
||||||||||
| Total Ex enditure | 13 | 7,234 | 48 768 | 56002 | 58,043 | ||||||||
| Net Income/ Ex enditure |
for | the | Year | (11,225) | (11,225) | (13,158) | |||||||
| Accumulated Fund brought |
forward | at 6.4.2020 | 337,887 | 337,887 | 351,045 | ||||||||
| Accumulated Fund carried |
forward | at 5.4.2021 | 13 | 326,662 | 326,662 | 337,887 |
| Notes | Notes | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Total Sales for the year | 11,331 | 15,916 | |||
| (Asper Statement ofFinancial Activities) | |||||
| Less: Cost Of Sales Opening Stock at cost |
25,114 | 21,880 | |||
| Printing Costs during the year | 13,000 | ||||
| 25,114 | 34,880 | ||||
| Deduct: | |||||
| Closing Stock at Cost | 1 | (19,220) | (25,114) | ||
| Cost ofSales: Per Statement ofFinancial | Activities: | 5,894 | 9,766 | ||
| Gross Profit | 5,437 | 6,150 | |||
| Less Ex enses: | |||||
| Sales Staff Salaries Ec Subcontractor Travelling Expenses Royalties Payable Freight k Delivery Software Costs Postage Stationery k Photocopying Light & Heat Telephone, Fax k. Internet General Expenses |
6 8 |
15,817 2,159 1,133 2,097 431 33 862 1,558 1,400 704 |
16,865 2,284 1,591 2,009 335 17 469 1,363 879 617 |
||
| Total Expenses: Per Statement ofFinancial Activities | 26,194 | 26,429 | |||
| Net Profit/ Loss for the Year |
(20,757) | (20,279) | |||
| on Sales of Publications |
| Notes | 2021 | 2020 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed Assets | |||||||||||||
| Tan ible Assets |
|||||||||||||
| Freehold Premises: | |||||||||||||
| 130Stroud Green | Road, | London | N4 at | cost | 24,132 | 24,132 | |||||||
| ~im rovements - Balance |
brought | forward | at | 6.4.2020 | 49,667 | 49,667 | |||||||
| ~lm rovement additions |
during | the year | 0 | 0 | |||||||||
| 49,667 | 49,667 | ||||||||||||
| 73,799 | 73,799 | ||||||||||||
| Fixtures Fittin s |
Furniture | & | E | ui ment | |||||||||
| Balance brought | forward | at | 6.4.2020 | 62,309 | 62,258 | ||||||||
| Additions during |
the year | 430 | 51 | ||||||||||
| Cost ofDispoals | during | the | year | (1,659) | 0 | ||||||||
| 61,080 | 62,309 | ||||||||||||
| Less: Depreciation | 57,422 | 57,278 | |||||||||||
| 3,658 | 5,031 | ||||||||||||
| Libra&i Books | |||||||||||||
| Balance brought | forward | at | 6.4.2020 | 7,932 | 7,932 | ||||||||
| Additions | 0 | 7,932 | 0 | 7,932 | |||||||||
| 85,389 | 86,762 | ||||||||||||
| Current Assets |
|||||||||||||
| Stock ofPublications | at | cost | I | 19,220 | 25,114 | ||||||||
| Debtors and Prepayments | 10 | 2,215 | 5,007 | ||||||||||
| Investments | 11 | 129,100 | 146,000 | ||||||||||
| Cash at Bank | 93,583 | 78,768 | |||||||||||
| Cash in Hand | 468 | 597 | |||||||||||
| 244,586 | 255,486 | ||||||||||||
| Less: Current Liabilities |
Due within | one | ear | ||||||||||
| Sundry Creditors | and | Accruals | 12 | (3,313) | (4,361) | ||||||||
| Net Current Assets |
241,273 | 251,125 | |||||||||||
| Total Net Assets | 326,662 | 337,887 | |||||||||||
| Re resented B: | |||||||||||||
| Unrestricted Accumulated |
Fund | 13 | 326,662 | 337,887 |
| 2) | FIXEDASSETSFOR USE BY THE CHAR | ITY | ||||
|---|---|---|---|---|---|---|
| Fixtures | Fittin s |
|||||
| Freehold | dt Office | Librari | ||||
| Premises | ~Eui | ment | Books | Total | ||
| Cost: | ||||||
| At 6th April 2020 | 24,132 | 62,309 | 7,932 | 94,373 | ||
| Improvements bfwd at 6th April 2020 |
49,667 | 49,667 | ||||
| Additions during the year |
0 | 430 | 0 | 430 | ||
| Cost ofDisposals | 0 | (1,659) | 0 | (1,659) | ||
| At 5th April 2021 | 73,799 | 61,080 | 7,932 | 142,811 | ||
| ~De reciation | ||||||
| At 6th April 2020 | 57,278 | 0 | 57,278 | |||
| Charge for the year | 646 | 0 | 646 | |||
| Depreciation ofDisposals | (502) | 0 | (502) | |||
| At 5th April 2021 | 57,422 | 0 | 57,422 | |||
| Net Book Value at 5th April 2021 | 73,799 | 3,658 | 7,932 | 85,389 | ||
| Net Book Value at 5th April 2020 | 73,799 | 5,031 | 7,932 | 86,762 | ||
| 2021 | 2020 | |||||
| 3) | RENTAL INCOME RECEIVED | |||||
| Re: 130Stroud Green Road, London N4. | ||||||
| Gross Rental Income Less: Rental Income Expenses Net Rental Income |
26,031 6,342) 19,689 |
28,134 ~(5,990 22,144 |
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| 4) | INTEREST RECEIVED | |||||
| Money Market Deposits Deposit Accounts Bank Accounts |
60 39 82 |
323 254 258 |
||||
| 181 | 835 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| 5) | ACCOUNTANCY FEE |
||||||
| Independent Examination |
975 | 975 | |||||
| 6) | STAFF REMUNERATION A |
SUBCONTRACTOR | |||||
| Staff Salaries (Direct Charitable Expenditure) Sales Staff Salaries k Subcontractor (Sale ofPublications) |
2,435 15,817 18,252 |
2,455 16,865 19,320 |
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| Analysed as follows: |
|||||||
| Salaries Subcontractor Employer contributions to defined |
contribution | pension | scheme | 12,000 6,079 173 18,252 |
12,000 7,144 176 19,320 |
| 9) |
TRUSTEE EXPENSES ( | SUBSCRIPTION | S 4 PERIO | S 4 PERIO | S 4 PERIO | DICALS) | DICALS) | |||
|---|---|---|---|---|---|---|---|---|---|---|
| During the year one ofthe | Trustees incurred |
membership | subscription | expense as follows | which | |||||
| was paid for by the Trust: | ||||||||||
| Membership Subscription to The Royal Society for encouragement ofArts, Manufactures k Commerce |
the | 182 | 182 | |||||||
| 10) | DEBTORS AND PREPAYMENTS | |||||||||
| Debtors (re Invoiced Trust Sundry Debtors |
Publications) | 1,023 900 292 |
4,865 0 142 |
|||||||
| Prepayments | 2,215 | 5,007 | ||||||||
| 11) | INVESTMENTS HELD | |||||||||
| Money Market Deposits Base Rate Deposit |
78,357 50,743 129,100 |
78,296 67,704 146,000 |
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| 12) | SUNDRY CREDITORS AND ACCRUALS | |||||||||
| Sundry Creditors Accrued expenses |
117 3,196 3,313 |
1,269 3,092 4,361 |
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| 13) | MOVEMENT IN FUND | Balance | Balance | |||||||
| At | 6/4/2020 | tncnme | ~Ea enditure | At 5/4/2022 | ||||||
| Restricted Fund Unrestricted Fund Total Funds |
0 337,887 337,887 |
7 234 37,543 44,777 |
(7234) (48,768 (56,002 |
0 326,662 326,662 |