# ## ## |Contents||~Pa e| |---|---|---| |Trust Information||| |Trustees'
Annual
Report||2-3| |Independent
Examiner's|Report|| |Statement ofFinancial|Activities|| |Sale ofPublications
Account||| |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||| ||Dr. A.B.M. Nazem
MBBS||| ||Professor Ghulam
Sarwar M. Com, FRSA||| ||Ms Farhat Yasmeen
Sarwar BSc, PGCE||| ||Ms Sultana Nasreen
Sarwar MA,||PGCE| |Charity Registration|||| |Number:|313192||| |Registered Office:|130Stroud Green Road||| ||London||| ||N4 3RZ||| |Accountants:|Sabera k Co||| ||Chartered
Accountants||| ||126 Middlesex
Street||| ||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| |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| ||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| |12)|SUNDRY CREDITORS AND ACCRUALS|||||||||| ||Sundry Creditors
Accrued expenses|||||||117
3,196
3,313||1,269
3,092
4,361| |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|