2023-04-05-accounts - The Muslim Educational Trust

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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	8-11

Trustees:	Dr. Zahirul Huq 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 &Co
	Chartered	Accountants
	126Middlesex		Street
	London
	El 7HY

							Restricted				Restncted
							Fund	Unrestricted	Fund	Total	Fund	Unrestricted	Fund	Total
INCOME:						Notes	2023		2023	2023	2022 f	f	2022 f	2022
Income from Donations & Grants
Coronavirus Job Retention Scheme Grant											800			800
Income from Assets
Gross Rental Income Received									30,684	30,684	0		26,661	26,661
Interest Receivable from Short		Term		&
Bank Deposits Less. Donations to Charity								608 (0)	608	608	0	17 (0)	17	17
									31,292	31,292	800		26,678	27,478
Income from Charitable Activities
Gross Sales from Sale of Publications									27,314	27,314			22 997	22 997
Total Income for the Year						13			58,606	58,606			49,675	50,475
EXPENDITURE
Managing Agent Comnussion Council Tax									3,143 1,880	3,143 1,880			3,210 1,805	3,210 1,805
Other Lettmg Expenses									3,387 8,410	3,387 8,410			2,675 7,690	2,675 7,690
Sale ofPublications Ex enses			Charitable		Ex	enditu	re
Cost ofSales							0		13,445	13,445	0		15,597	15,597
Sales Staif Salanes							0		10,123	10,123	640		9,098	9,738
Other Direct Expenses							0		25,198 48,766	25,198 48,766	0 640		20,832 45,527	20,832 46,167
Direct Charitable Ex enditure Staff Salanes									2,531	2,531	160		2,275	2,435
Travel Expenses Educational Grants Paid									648 4.800	648 4,800	0 0		535 4,800	535 4,800
Subscriptions &Periodicals									187 8,166	187 8,166	0 160		182 7,792	182 7,952
Indirect Charitable Ex enditure Rates and Water									1,671	1,671			1,634	1,634
Light & Heat Insurance									1,115 620	1,115 620			2.448 591	2,448 591
Telephone, Fax &.Internet Printmg, Postage &Stationery Repairs & Maintenance Accountancy Fee Other Professional									559 1,885 3,021 1,100 180	559 1,885 3,021 1,100 180			525 532 103 975 0	525 532 103 975 0
Bank Charges Travel Expenses General Expenses Amoitisation									156 377 883 65	156 377 883 65			105 178 829 65	105 178 829 65
Depremation									507 12,139	507 12,139			556 8,541	556 8,541
						13			77,4$1	77,481	800		69,550	70,350
Net Income/ Ex enditure		for	the	Year				(18,875)		(18,875)		(19,$75)		(19,875)
Accumulated Fund brought	forward			at 64.2022					306,787	306,787			326,662	326,662
Accumulated Fund canned forward				at 5.4.2023		13			2$7,912	287,912			306,787	306,787

Notes	Notes		2023		2022
Total Sales for the year			27,314		22,997
(Asper Statement ofFinancial Activities)
Less: Cost Of Sales
Opening Stock at cost		10,165		19,220
Printing Costs during the year		24,798		6,542
		34,963		25,762
Deduct:
Closing Stock at Cost	1	(21,518)		(10,165)
Cost ofSales: Per Statement of Financial	Activities.		13,445		15,597
Gross Profit			13,869		7,400
LL~* L
Sales Staff Salaries &Subcontractor		19,798		18,148
Travelling Expenses Royalties Payable Freight &Delivery So(tware Costs Postage Stationery &Photocopying Light &Heat Telephone, Fax & internet General Expenses		2,672 2,731 4,922 453 31 1,877 1,115 839 883		2,408 2,300 2,699 388 42 521 2,448 787 829
Total Expenses: Per Statement ofFinancial Acti vities			35,321		30,570
Net Profit/ Loss for the Year			(21,452)		(23,170)
on Sales of Publications

							Notes		2023		2022
Fixed Assets
Tan ible &lntan ible	Assets
Freehold Premises:
130Stroud Green Road,		London N4		at	cost				24,132		24,132
- B I I gh I dd4ghh					d	4.4.2222		49,667 0	49,667	49,667 0	49,667
									73,799		73,799
Ihg 2I* d 4 Website at Cost								649		649
Less: Amortisation								(130)		(65)
									519		584
Fixtures Fittin s Furniture			&E ui	ment
Balance brought forward		at 6.4.2022						61,127		61,080
Additions during the year								233		47
								61,360		61,127
I.ess: Depreciation							2	58,485	2,875	57,978	3,149
~UB B I
Balance brought forward Additions		at	6.4.2022					7,932 0	7,932	7,932 0	7,932
									85,125		85,464
Current Assets
Stock ofPublications	at	cost					I	21,518		10,165
Debtors and Prepayments							10	10,284		8,282
Investments							11	40,808		50,748
Cash at Bank								134,724		155,615
Cash in Hand								1,312		512
								208,646		225,322
Less: Current Liabilities			Due within			one	ear
Sundry Creditors and	Accruals						12	(5,859)		(3,999)
Net Current Assets									202,787		221,323
Total Net Assets									287,912		306,787
~IB BB: Unrestricted Accumulated			Fund				13		287,912		306,787

2)	FIXEDASSETSFOR USE BY THK	CHARITY
			t	tbt	~Fi t	Ft
		Freehold	Fixed		E.	Office	tibraiy
		Premises	Asset				Books	Total
	Cost:
	At 6th April 2022	24,132		649		61,127	7,932	93,840
	Improvements bfwd at 6th April 2022	49,667		0				49,667
	Additions during the year	0		0		233	0	233
	Cost ofDisposals	0		0		0	0	0
	At 5th April 2023	73,799		649		61,360	7,932	143,740
	De reciation/Amortisation
	At 6th April 2022	0		65		57,978	0	58,043
	Charge for the year	0		65		507	0	572
	Depreciation ofDisposals	0		0		0	0	0
	At 5th April 2023	0		130		58,485	0	58,615
	Net Book Value at 5th April 2023	73,799		519		2,875	7,932	85,125
	Net Book Value at 5th April 2022	73,799		584		3,149	7,932	85,464
						2023		2022
3)	RENTAL INCOME RECEIVED
	Re: 130Stroud Green Road, London N4.
	Gross Rental Income Less: Rental Income Expenses Net Rental income				30,684 ~8,410 22,274			26,661 ~7,690 18,971
4)	INTEREST RECEIVED
	Money Market Deposits					422
	Deposit Accounts					60
	Bank Accounts					126
						608		17

						2023	2022
						f.
5)	ACCOUNTANCY FEE
	Independent Examination					1,100	975
6)	STAFF REMUNERATION	&	SUBCONTRACTOR
	StaffSalaries (Direct Charitable		Expenditure)			2,531	2,435
	Sales Staff Salaries & Subcontractor			(Sale of	Publications)	19,798	18,148
						22,329	20,583
	Analysed as follows:
	Salaries					12,000	12,000
	Subcontractor					9,675	8,410
	Employer contributions to defined Employer National Insurance			contribution	pension scheme	269 385 22,329	173 0 20,583

8)	ROYALTIES PAYABLE TO TRUSTEE
	Royalties Payable	2,731	2,300

9)	TRUSTEE EXPENSES (	SUBSC	RIPTION	S &PERIO	S &PERIO	S &PERIO	DICALS)	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 &Commerce					the		187		182
10)	DEBTORS AND PREPAYMENTS
	Debtors (re invoiced Trust Sundry Debtors Prepayments	Publications)						6,727 500 3,057 10,284		7,483 500 299 8,282
11)	INVESTMENTS HELD
	Base Rate Deposit							40,808 40,808		50,748 50,748
12)	SUNDRY CREDITORS	AND ACCRUALS
	Sundry Creditors							1,934		256
	Accrued expenses							3,925 5,859		3,743 3,999
13)	MOVEMENT IN FUND				Balance					Balance
					At 6/4/2022			3	~EEht	A/0/4/2023
	Restricted Fund						0	0	0	0
	Unrestricted Fund					306,787		58,606	77,481	287,912
	Total Funds					306,787		58,606	77,481	287,912