Charity rcgistrdtion number.. 502646 THE MUSLIM (HANFI SUNNI) ASSOCIATION Annual Report ad Financial Siatements for the Year Ended i l December 2021
THE MUSLIM (HANFI SUNNI) ASSOCIATION Contents Reference and Administrative Details Trustees, Rcport 2to3 Statement of Trustees. Responsibilities Independent Exarninews Report Statement of Financial Activities 6t07 Balance Sheet Note5 to the Financial Sthiements 9t0 17
THE .MUSLIM {HANFI SUNNI) ASSOCIATIOIN Reference and Administrative Details Trusttes Mr Mahrn(d Ahmed Mr Mushtaq Hus5ain Mr Mohammed Rafiq Mr Ajaz Mendi Chaudhrv Mr Abdul Razzaq 502646 Charily Registration NllThber Principal Office iia Randall Street Blackburn Bbl 7LG Independent Examiner Riaz Ahmad FCCA Riaz Ahmad & Co Chartered Certified Accountants tnid House 51 Lord Streei Manchesier Mi IHE
THE MUSLIM {HANFI SUNNI) ASSOCIATION Trustees, Report The trustees present the annual repon together 7th the financial sthtements of the chariry for the year ended 31 December 2021. Objeetives and xetivities Objec15 andoim% To provide excellent faciliiies for daily prdyers. *a¢hing facilities for Qurdn and religeous education, holding lectures, assisting with mattiages and fijnerals and holdino celebration of religeous events including Eid Milad ul Nabi. To advance iTJ centre of excellence in islamic leamin(F and lifelono learningby WOTking with local school5, business. Blackburn College. Blackburn Council. Police and oiher sthkeholders. Our aim is io provise worship facilities for daity prayers and a comlnunity hub for the community to come iogether. obieel1v. slrnlegies aclivilie5 We have two tn05ques Madina Masjid and Masid<-Raza where five daily per s¢ssion5 ar eheld. In addition we colleci and disthbuie charilable donations I zakaL fitrana and sadaqa). We help people who move into our catchment area lo settle into the CQmTnunity. Fundruising diselosures Funds ate raised through donatiOll5 frorn public and chargino for religeous teachin& funera15, weddings and hire of mosque facililies. W¢ also hold fvndrai5ing a(tivitie5 for natyrdl calatnaties like fld and earthquake etc. Public benefit The chariti, aims io provide prnj'er faciliiies io ihe muslim community as well education facilities for teaching Hol) Quran and Islamic education.Il'e facilithre edding. funerals and other r¢lig¢ous obligaiions. The trustees confirm that they. have conjplied lth the requirernents of seclion 17 of the Charities Act 201 I to ouidance published by ihe Charity Commission for England and Wales. have due re£ard to the public benefit. Grnnl M4kingpoli¢ies We do noi provide.tsrants to anv individuals or orwdnisations. Strueture, governanee and management Nalure ofgoverning documenl Charity is governed by its ¢onstitutiOlJ. Islami¢ prin¢Tpl¢s and complies with the Charity Commission requiements. Recruilmenl und4Tppoinlmenl oftruslee5 Trustees are voluntee[kd chosed from the congreJtion based on their skill sets. time availability and 5¢rvir¢s to the Community. Imduction andiraininz 0ftru¥e5 Fullinduction in th echariry regulations and proceduures is provided at the time of appointmnent and continuous professional developmeni is facilitaied throughout the peri of the appointment. Page 2
THE MUSLIM (HANFI SUNNI) ASSOCIATION Trustees, Report Arrongemenlsforsetting A"e) m*01¢Men1pen1>RThg1 remunernlio Trustees are all volunteers and do noi draw any remunetation. Reasonable expenses may be claimed bu nonet aTe not claimed to dat¢. Organisuli(1nalYuC1Ure The Charity is by the Board of Trustees who make all maor decisions. Financial instruments Objeclives 4ndpoli¢ies The Charity s aciiviiies expose Tri ro a number of fTnancial risks including credit risL cash flow risk and liquidity sk. The use of financial d¢rivativ¢5 is gov¢rned b). the charity s policies approved b) the board of trustees, which provide WTitten principle5 on the use of financial derivarives to Tnanage these risks. The charity does not Use derivative financial instruments for speculaiive putPLtses. Cashflow n5k The charity'5 activilies expose it primarily lo the financial risks of chonges in foreign currency exchonge rates and interest rate5. The charity uses foreign exchange forw'ard contracts and interest rdte swap contracts to hedge these exposures. Inierest bearing assets and liabiliiies are held at fixed raie io ensure cenainty of cash flou Credil risk The chariry's principal financial &%sets are bank balances and Cash. trade and other receivable5, and investments. The charity's credit risk is primorilv attributhble 10 its trade receivables. The amounts presented in th¢ balance sheet are net of allowances for doubtfitl receivable5. An allowance for iTnpaiTment is Tnade M'heie there 15 an ideniified loss eveni which, based on previous experience. is evidence of a reduciion in the recoverability o( the cash flows. The credit risk on liquid fimds and derivative financial instn]rnents is limited because the counterparties are banks with high credit-iatings assi¢d b}. international credit-rating agencie5. The chariry has no significant concentraiton of credit risK wilh exposure spread over a large number of counterparties and customers. Liquidity risk In order to maintain liquidity to ensure that Sufficient funds are available for ongoing operations and future development5, the chariry uses a mixmre of lono.ierni and shon-term debt finance. Further details regarding liquidty risk can be found in the Statement of accounting policies in the financial s(aiemenis. The annual report was approved by the trust¢¢s of the rharity on 22 November 2022 and signed on its behalf by: Mr Mushtaq Hussain Trustee Page 3
THE MUSLIM (HANFI SUNNI) ASSOCIATION Stalement of Trustees, Responsibilities The mJ51ees are responsible for preparing the trustees. report and the financial statements in accordance with the UDlted Kingdom Accounting Standards (UTaiicd Kingdom Generally Accepted Accounting Practice) and applicable law and rettulations. The law applicable io chariiies requires the inJMees io prepare financial 5tements for each financial year H'hich give a true and fair wiew of the sttte of affaars of th¢ chariry, and of the incorning resources and application of resources of the chartty for that period. In preparing ihese financial statements, the tyusiees are required io= select suitable accountin¥ policÈe5 and then apply them consisientl). observe the methods and principles in the Charilies SORP: make judoements and estimaies thai are reasonabk and PTudent" State whether applicabl¢ accounting sthndards have been followed. subjeci io any material departures disclosed and explained in the financial sthtements- and prepare ihe financial ststemenls on the going concern basis Unless it is inappropriate to presume that Ihe charity will coniinue in business. The trusiees are reswnsible for keeping proper accountints record% that disclose with reasonable accuracv at any time the financial p055tion of the charity and enable them io ensure lh the flnancial sthtements comply ii'ith the Chariries Act 201 I, the applicable Chariii¢s (Accounts and Reports) Regulations. and the provisions of (he constituiion. The trustees are a150 responsible for safeguarding the assets of the charitv and hence for taking reasonable steps for the prevention and dtteciion of fraud and other irregularities. Approyed by the trusiees of the charity 22 November 2022 and signed on its behalf by.. Mr Mu5htaq Hu5sain Trustee Pa(Te 4
THE MUSLIM (HANFI SUNTr41) ASSOCIATION Independent EAaminer'8 Report to the trustees of THE MUSLIM (HANFI SUNNI) ASSOCIATION I report to the tTUStee5 on Tll!. examination of the accounts of THE MUSLIM (HANFI SUNNI) ASSOCIATION for the Jear ended 31 December 2021. Responsibilities and basi5 of report As the charity trusiees of THE MUSLIM {HANFI SUNNI) ASSOCIATION you are responsible for the preparation of the accounts tn accordance with ihe requirements of the Charities Act 2011 I'the Act,). I report in respecl of my examinalion of the THE MUSLIM {HANFI SUNNI) ASSOCIATION'S accounts carried ollt under 5ectioD 145 of the 2011 Aci and in carrying out MN. exalnination I have followed all the applicable Directions giv¢D by Èhe Charity Conllni55ion under s¢ciion 145(5Xbl of the Act. IndepeNdtnt examiner's stateent Since THE MUSLIM {HANFI SUNNI) ASS(KIATION's gross income exceeded £250.000 vour examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm ihat l am qualified to undertake the examination because l am a tnember of ACCA, wthich is one of the lisied trtxlie5. I have completed my examination. I confirtn thai no maierial matteTS have com¢ to my atteniion in ¢onnection with the examination oiving me cause io believe that in any material rpeCI.. accounting records were not kepr in respect of THE MUSLIM IHANFI SUNNI) ASSOCIATION as required by section lio of the Act,. or 2. Ihe accounts do not accord with th( records. or 3. the accounts do noi COTnply w'ith ihe a¢UntIng Ttquirements concerning the fom and content of accounts set out in the Chariiies (Accounts and Reports) Regul10n5 2008 other than an), requirement that the accounis give a 'true and fair vtew. which is a matter considered as part of an independent examination. I haie no concerns and have come acros5 no other matter5 conneciion with the examÉnation to which allention should be drawTr in thi5 report in order to enable a proper undeTsthnding of the accounts to be reached. Rs8z Ahma ACCA Riaz Ahmad & Co Chartered Certified Accountants Lord House 51 Lord Sireel Manches(er Mi IHE 22 November 2022 Page 5
THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of Financial Activities for the Year Ended 31 December 2021 Unrestricted funds Tothl 21121 ]Yote Income and EndowmeMts from: Donations and legacies Charitable activities InveslThent income 195,059 3.580 35 lil,541 195,059 3.580 35 Other income Toial income J30,215 3JO,215 Expenditure om- Raising funds Charitable activities {70,012) 168,833) (70,0121 (68,8331 Total expenditure 1138,8451 {138,845) Nei income 191,370 191,370 Nei movemenl in funds 191,370 191.370 Reconciliation of funds Total funds brought forward 3,314,814 3,314,814 Total funds carried forward 16 ).506.184 Unrestricted runds 3.506,184 Total 2020 Note Income and Endowments from: Donations and legacies Charitable actiwiiies Invesmient income Other income 107.888 40,024 i06 77,539 107,888 40,024 306 77,539 Total income 225,757 225,757 Expenditure on: Raisints funds Chariiable a¢iivities (62,4041 (6J.5901 162,404) 163,590} Total expenditure (125,9941 (125,994} Net income 99.76i 99,763 Net movement in funds 99,76) 99.763 RecoDciliation of funds Total funds brought forward 3.215,051 3,215,051 Total funds carried fonvard 16 J,314.814 3.i14.814 All of the charity's activities derive from coniinuin - operation% during the alve two periods. Th¢ notes on pages 9 10 17 fom) an integral part of these financial statements. Page 6
THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of Finaneial Actiiities for the Year Ended 31 December 2021 The funds breakdown for 2020 is shown in note 16. The noies on pages 9 to 17 form on integral part of these financial 51atements. Page 7
THE MUSLIM (HANFI SUNNI) ASSOCIATION (Registration ntsmber: 502646) Balanee Sheet as at 31 December 2021 2021 2020 Note Fixed assets Tan¥Fible assets 13 2,819.408 2,615,199 Current a55ets Cash at bank and in hand 14 687.035 699,955 CreditOTS: Arnounts falling due withith one year 15 (259) {340} Net eurrent assets 686.776 699,615 Net a$5¢ts i,506,184 i,314,814 Fund5 of the charity". UDre5tricted income funds Unresthcted fimds 3.506.184 3,314.814 Total funds 16 3,506,184 3.314,814 The financial siatem¢nts on pages 6 10 17 were approved by th¢ tn and authorised for issue on 22 November 2022 and signed on their behalf by". Mr Mushtaq Hussain Trustee The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2021 Accounting liCIeS Staternent of tornpliance Thc financial stsiemenis have been PTepared in accordance with the second edition of the Charities SLYement of Recommended Prdciice issued in Ociober 2019. the Financial Reponing Standard applicable in the United Kingdom and Republic of Irelatml IFRS 102) and the Charities Act 2011. Basis of preparatio THE MUSLIM {HANFI SUNNI) ASS(KIATION meets the definiiion of a public benefit entity under FRS 102. The accounts {financÉal stat¢m¢ntsl have been prepared under the hisioiieal cost convelltion with items re¢ognised at cost or transaction value unless otherwise stsied in the relevant note(s) to these accounts. Extmptioll from preparing a $h floTh statement The charitN' opted io early adopt Bulleiin I published on 2 February 2016 and have therefore not included a cash flow staiemenr in ihese financial siateTnents. Going concern The trnstees consider thai there are no matrrial uncertainiies about the charity's ability to continue as a going Concern. Incolne endowments Vliluniary income incllldino donations. gtfts, IaCleS and grants that provide core funding or are of a general nature is reco]Sed when ihe charity. ha5 entitlement to the income. it is probable that the income will be received and the amount can be measured with sufficieni reliability. Douoii()ns rtndlegaeies Donations and legacies are reCo]sed on a receivable basis when receipt is probable and the arnount can be reliably Meured. Dondiedserviees undf6cililie5 Where services or facililies are pmvided to the charity &8 a donation that would nornllY be Puh0$ed from our sw)pliers, this benefii is included in ihe financial statements at it's fair value unless It's fair value cannot be realiably measured, then at the cost to th¢ donor orihe resale value of g(M)ds that are to be sold. Inveslmenl income Dividends are recognised once the dividend has been declared and notification h&¥ been received of the dividend due. Expenditure All expenditure is recognised once ihere is a legal or constructive obliJu tion to that eXpendire, it is probable settlcment is required and the amount Can be measured reliably. All costs are allocated to the applicable eXpendire headtng that aggreoate similar costs to that caieoor¥,. Where costs cannot be directly attributed to particular heading5 they have been allocaied on a basis COTlSlStent with the use of resources, Wlth central staff costs allocated on the basis of time SPeT and depreciation charges allocaied on the portion of the asset-s use. Chher sllpport costs are allocated bd on the spread of staff costs.
THE TrtUSLIM {HANFI SUNNI) ASSOCIATION Notes to the Financial Statejnents for the Year Ended 31 December 2021 R4isingfunds These are costs incurred in attrdctiDg voluntary income. Ihe manageTnent of investments and thos¢ incurred in ding aciivities that rdise nd$ Governance costs Th¢se include the costs attributhble to ihe chatity'5 co¥npliance M'ith constituiional and siaiutory r¢quirements. including audil. 5trdtegic management and tru5tee5's meerings and reimbursed expenses. Taxation The charrtv i% ton5Èdered to pass the tests set out in Pardgraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable compony for UK corporation purposes. Accordingly, the charity 15 POteRtiall}' exempr from iax*ion in respect of income or capiral gains received within categories covered by Chapier i Part I l of the Corporation Tai Aci 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extcnt that such income or gains are applied exclusively to charithble purposes. Tangible fixed a55ets Individual fixed assets cosiing £0.00 or Tnore are initiallN' rttorded COSL less any Subsequent accUrnuled depreciation arjd subsequen( a¢cuMuled irnpairnrnt losses. Cash and eash equivalents Cash and cash equivalents comprise c&sh on hand and call deposiw and other short-tetyn highl}. liquid investments that are readily convertible io a known amouni of ush and are subjeci Éo an insignkficant risk of change in value. Borrowings Inlerest-bearing borrowings are initially recorded at fair value. nei of transaction costs. Interest-bearing botrowings are subsequently cattied at amonised COSL with ihe difference between the preeds, net of irartsactlOTi Costs, and ihe amouni due on redempiion being recognised as a cht to the Statement of Financial Activities over the period of the relevani boTrowinu Interest expense is recoenid on the basis of the effective interest method and is included in interest payable and similar charges Borrowin£s are classified as current liabilities unless the charity has an uncondilional right to defer settleTnent of the liability for at leasi tWele months after ihe reponing date. Fnd struttre Unresirieied ineotttc funds are generdl fimds that aTe available for use at the ttuste¢s's discrelion in furtherance of the objectives of the charity. Page 10
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Finaneial Statements for the Year Ended 31 December 2021 Financial instruments Clissification Financial assets and financial liabilÉties are recognised wh¢n the charity becoTne5 a party. to the contrdctual provisions of the instrument. Financial liabilities and ¢qutty instruments are classified according to the substsnce of the contractual arrangements entered into_ An equity instrnmeni is any contrnd thai eviden¢e% a residual interest in the assets of the Charity after deducting all of ils liabilities. Recogni140n undmeosuremeni All financial ass¢ts and liabilities are initially Tneasured at transaction price (including ttansaciion costs), ex¢¢pt for ihose financial assets classified as at fair value throu_oh profit or loss. which are initiallN' tneasured at fair value (%h7£h is noFtTrally the iransactlgn price excluding transaction costs). unless the aTTantsemeni constitutes a rinancint7 transaction. If an arrangement constiÉutes a finaTtcin¥ transaciion, the financial asset or financial liability. is Tneasured ai the present value of the fithire payrnents discounted at a market rate of inter¢st for a similar debt instrument. Financial assets and liabilities are onlv offtet in the staiement of financial posiiion wheTt: and only when ther¢ exists a legally enforceable ritshi ro sei off the recogmised amounts and the charity intend5 either to settle a net basis. or to reali5e the assel and settle the liability simulLtOusI)'. Financial assets are derecognised when and only a) the contrartual rtghts to the Gqsh flows from the financial asset expire or are settled, b) the Charl transfers to another party substantiallj all of the risks and rewards of ONership of the financial asset. or cl the charity, despite havino retained some, but not all. significant risk5 and rewards of ownership. has Iransferred control of the asset to another parry. Financial liabiliiies are derecognised only M'hen the obligdiion specified the contract is discharged, cancelled or expires. Page I
THE MUSLIM (HANFI SUNNI) ASSOCJATJON Notes to the Financial Statements for the Year Ended 31 December 2021 DelJtins¢ruments Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effeciive inieresi method= la) The contrdciual return to the holder is {]) a fixed amouni.. (li) a tM)siiive fixed rate or a positive variable rate. or (iiil a combination of a positive or a negarive fixed rate and a posiiive variable t3te. {b) Th¢ ¢ontrari ma}. provide for repa%menis of the prineipal or the return to the holder (but not both) to be linked to a Single relevani observable index of general price inflation of the currency in which the debt ItrUMent is denominated, provided such links are noi levernged_ (c) Th¢ contract may provide for a deierniinable variation of the r¢turn to th¢ holder durin- the life of ihe insirument. provided ihai lil the new rdie satisfies condiiion la) and the variation is not contingent on future events other than I l } a Chanue of a contractual variable rdte.. {21 to proieci ihe holder against credii deterioration of the issuer: (J} changes in levies applied bv a central bank or arising from changes in relevanr tsxation or law., or {ii) Ihe new rate Ès a market re of interest and sattsfies condiiion la). Id) There is no contractual provision that could. by its iern)& resuli in the holder losing the principal amount or any interesi attributsble to the current peritMI or prior peri¢)ds_ {e) Conrraciual provisions thai TmIll the issuer to prepa). a debi instnuneni or pemiit the holder to pui it back to the issuer before mathritv are noi coniingeni on fUlle events. other than to protecl the holder a(Tainst the credit deterioration of the issuer or a change in control of ihe issuer. or io proieci the holder or issller againsi change in levies applied by a ceniral bank or arising froTll Chattges in relevant taxation or law. {fj contracal provistons may pemiit ihe exiension of the ierni of ihe debt instrument. provided ihat the retum io rhe holder and anv other contracntal provisions appli¢able during the extended temh satisfy the Conditions gf paragraphs {a) io Icl. Debt instrutnents that are ¢1ossified as payable or receivable wiihin one vear on initial recognition and which meet the above conditions are measured ai ihe undiscoullted amount of the cash or other consideration expected to be paid or received, nei of impairn)enL With the exception of some hedging insrrnments. other debt inStruEnents not meetino tasured at fair value through profit or loss. these conditions are Commibnents to make and receiye loans which rneet the conditions mentioned above are measured at cost (which mav be nil) less impairnient. Inveslments Investments tn non-convertible preference share5 and non-puttable ordinary or preference shares {w.heTe shares are publiclj. trdded or their fail value is reliablN mea5ufdblc) are measured ai fair value through profit or loss. IlThere fair value cannot be measured reliabl}', invesmients axe measured cos( less iTnpairtnent. Investments in subsidiaries and associaÉe5 are me&sured at cosi less impairnient. For investsnents in %ub5idiaries acquired for Considerntion in¢ludÉnts the i55ue of shares qualafy'ing for merger relief. cost is measured by referenee to the nominal value of the shares issued plus fair va]ue of other consideration. An}, premium is ignored. Page 12
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 Deeember 2021 Derivailvellndncl&l Instruments The charity uscs derivative financial instruments io reduce exposure io forei exchange risk and interesi rate movemenis. The charity does not hold or issue derivative financial instNments for speculative purposes. Derivatives ore initially recogTri5ed at fair value at the date a derivative contract is entered into and are subsequently remeasllred to iheir fair value ai eath reporting date. The resulting £ain or loss is recognised in statement of financial activiiies immediatel). unless ihe derivatlve 15 desilated and effective as a hedging instrnment. in which eleni the liming of the recognition in sement of financial activities depends on the nature of ihe hedge relationship. Ftsir 14¢ meusuremenl The best evidence of fair value is a quoied price for an identical asset in an active maTket. When quoted prices are unavailable, the price of a recent tran&qction for an identical asset provides evidence of fair value as lon(T as there has not been a significant chanoe in economic circumsrances or a significant lapse of time since the trdnsaction t(M)k plaee. If the Tnarket ÈS Tt active and receni transactions of an identical asset on their own are noi a good esiitnate of fair valuc, the fair value is estimated bv using a valuation technique. 2 Income from donations *nd kgacies Uttrestricted funds General Total funds Donations and leoacies: Donations from individuals 195.059 195.059 Total for 2021 19i,059 195,059 Total for 2020 107.888 107.888 3 Income from eharitablt #ctivities Unrestricted funds GeNerdl Total funds 3.580 3,580 Total for 2021 3.580 i,580 Total for 2020 40,024 40.024 4 Investment ineome Page 13
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statemenls for the Year Ended 31 December 2021 Unrestricted fund5 General To¢31 funds Interest receivable and similar income. Interest receivable on bank deposits 35 35 Total for 21121 Total for 2020 i06 5 Other income Unrestrieled funds General funds Fees ond supplies lJl.541 Total for 2021 1)1.541 131,541 Total for 2020 76.539 76.539 6 Expenditure raising funds a) Costs of trading activities Unrestricted funds G¢traI Total funds Note Costs of goods sold Total for 2021 70,012 70,012 70.012 70,012 Total for 20211 62,404 62.404 Total eosts 7 E%penditure on charilable activities Unrestricted funds GeDeral Total funds Nott Governance costs 68,833 68,833 Total for 2020 63,590 63.590 Page 14
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Fin2nei21 Statements for the Year Ended 31 December 2021 Total expenditure 8 AnalysTS of Eovernanee and support Costs Governanee eost5 Unrestricted funds General Totsl funds SiatTcosts Wages and salaries Other governance cost5 36,700 32,133 i2,133 Totsl for 2021 68.8)) 68.833 Totsl for 2020 6i,590 6i,590 9 Net incomingloutgoirtg resources Net incoming resources for (he }'ear include= 2021 10 Trustees retllUMerati0 and expenses I I St8ff costs The aeate payroll costs were as follows: 2021 202 Staff costs during the year wtre- Wages and salaries 36.700 33,465 No employee received emoluments of more than £60.0 durinu the year Page 15
THE MUSLIM (HANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 Deeember 2021 12 Taxation The charity is a re(pistered charity and is therefore exempt from Wlon. 13 Tangible fixed assets Land and buildings Furniture 8nd equipmenl Tolal Cost At l January 2021 Additions 2,544.319 203.094 70.880 2,615.199 204,209 Ai J l December 2021 2.747.4 l) 71,995 2.819.408 Depreciation Charge for the )'ear 35,552 35.552 At i l December 2021 35,552 i5.552 IYe¢ book value At 31 December 2021 2.747.413 36.443 2,783,856 At 31 December 2020 2,544,i19 70.880 2.615,199 14 Cash and casb equivalents 2021 2020 Cash oll hand Cash at bank Shon-temi deposits 13,519 326.238 347,278 15,274 i37,438 i47.24? 687.035 699.955 15 Creditors: amounts falling due withiTr one year 2021 2020 Other taxation and 50¢ial securi 259 340 16 Funds Page 16
THE MUSLIM (HANFI SUNNI) ASSOCJATION Notes to Ihe Fillancial Statements for the Ye8r Ended 31 December 2021 Balance at 31 Deeember 2021 Balance at I JanuaTh 2021 INtomin2 r¢sourees Resources expended Unrestrieted funds General 3.i14.814 iiO.215 {174.J97) 3,470,632 BslaNce at 31 December 2020 B#lance af I JaDr). 21120 Inco]Ning Rtsour¢es expended Unre5trÉcted fuDd5 G¢peral j21i,051 225,757 (125.994) 3.314,814 17 Analysis of ntt assets betweeTr UDrestrict funds General Total fund5 at 31 De¢ember 2021 Tan(rible fixed assets Current assets Current liabiliites 2.78i,856 687,035 12591 2,783.856 687.035 (2591 Totsl net asseis 3,470,632 3,470,632 Unrtstricted funds General Tothl funds at 31 Decernber 2020 Tangible fixed assets Current assets Current liabili(ies 2,615.199 699.955 {i401 2,615,199 699,955 li40} Total net assets 3,i14.814 3.314,814 18 Analysi5 of Thet funds At31 December 2021 At l Janllar) 21121 Cash at bank and in hand 699.955 699.955 Net debt 699,95) 699,955 Page 17
THE MUSLIM OIANFI SUNNI) ASSOCIATION Notes to the Financial Statements for the Year Ended 31 December 2021 At31 December 2020 At l January 2020 Net debt Page 18
THE MUSLIM (HANFI SUNNI) ASSOCIATION Statement of Financial ActiTr'ities by fund for the Year Ended 31 December 2021 Total Total Unrestricted Unregtrieted Fund5 Funds 2021 2020 Inetsme and EndowrneNts (rom: Donations and legacies Charitable activities Investment incoTne 195.059 3,580 35 ljl 441 107.888 40,024 306 Other income Toial income i30.215 225,757 Expenditure on: Raising ndS Charitable artivities {70,012} 1104,i85) {62,4041 163.590} Total expenditure (174.J97) (125,994) Nei income 155,818 99.763 Net movemenl in funds 155.818 99.763 Reconciliation of funds Total funds brought forward Totsl funds carried fotward i,i14.814 3,215,051 i,470.632 3,314,814 This page d( not forni part of the statutory financial statements. Pdge 19
THE MUSLIM (HANFI SUNNI) ASSOCIATION Detailed Statement of Finaneial Activities for the Year Ended 31 December 2021 Total 21121 Totsl 2020 Ineome gnd Endowments from: Donations and legacies {analysed below) Charitable aciiviiie5 lanaljsed below) Investment income {analysed below) Other income {analysed belovJ") 195,059 107.888 40.024 306 77,539 35 131.541 Total incL)me i30,215 225,757 ExpeThditure on: Raisin funds {analvsed below) Charitable activities (analys¢d below) 170.012) (104,385) (62.4041 163.590} Total expendiiure 1174.i971 {125.994) Net income 14),818 99,763 Nei Thovement in funds 155,818 99.763 Reconciliation of funds Total fund5 brought fonvard Total funds carried for%*•rd 3.314,814 3.215,051 i,470,6i2 3.314,814 oe does not forni part of the statutory financial ststements. Page 20
THE MUSLIM (HANFI SUNNI) ASSOCIATIO1¥4 Detailed Statement of Financial Activities for the Year Ended 31 Deeember 2021 Total 2021 Total 2020 Donulion.E legacies Appeals and donations t)onated use of facilities 195,059 107,638 250 195,059 107,888 Chariiahle auiviiies Sale ol-goods and services made orprovided by the beneficiaries of the charity 3,580 40.024 3.580 40,024 Inve51menlincome Interest on cash deposits 306 306 her income Fees and supplies Other Èncome 131.541 76,539 1.000 1)1.541 77,539 Purchases Direci cosis (2.242) {67,770) 18,240) (54,164) (70.0121 162,404) Wages and salaries Water rdtes LÈght, heat and power Insurdnce (36.700) {2,i08) (11.525) (i.920) 1482) (1.607) (33.465) (2,5iO) (11,4861 (3.8651 (3871 (1,4871 (6,1931 1250) 12,000) 1156) {1,771) Repairs and renewals T¢l¢phon¢ and fax Printing. postage and stationery Charitable donatlOll5 Sundry expense5 Cleaning Bank charges Depreciation of fixtures and fittings (9,637) (50) (2.604) (35.552) {104.i85) 163.590) This page does not forni part of the suuwry fmancial statements. Page21