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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 506755

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

IDAARA MAARIF - E - ISLAM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The main aims and objectives of the Charity are to promote and further the Muslim faith, which includes Islamic teaching of the Holy Quran and Fiqa Jaffaria.

Significant activities

The main activity of the Charity is that of providing a place of worship, where the community can enhance their understanding of the Muslim faith.

FINANCIAL REVIEW

Financial position

The Charity has incurred a deficit of £39,685 in the year (2019 £19,577). This has reduced reserves. The Charity has no defined policy for the amount of reserves it should carry but reserves are carried forward in the event of deficits being incurred in the future.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The Executive Committee is elected every 2 years and Holding Trustees every 5 years. The Board of Trustees is comprised of the Executive Committee and Holding Trustees, in accordance with the governing document.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

506755

Principal address

Regents Park Road Small Heath Birmingham West Midlands B10 0QP

Page 1

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees

Mr Amjad Shah Secretary Mr Syed Asad Raza Treasurer Mr Frasat Ali Executive Member Mr M Ali Najafi Assistant Treasurer Mr Mohammed Shah Naqvi Assistant Secretary Mr Ishtiaq Hussain Executive Member Dr Abad Ali Holding Trustee Mr Abdul Sahar Asaf Holding Trustee Mr Ghulam Hassan Holding Trustee Mr Sajjad Haider Executive Member Mr Wasif Hussain shah Holding Trustee Mr Nazir Hussain Shah Holding Trustee Mr Fiada Hussain Executive Member Mr Syed Amir Abbas Naqvi Executive Member Mr Hamait Ali Information Secretary Mr Nigah Hussain Executive Member Mr Amir Mukhtar Kazmi Executive Member Mr Muhammad Amin Tahir Executive Member Mr Dilshad Abbas Vice President Mr Muhammad Imran Hafeez Malik Executive Member Mr Kamran Shah Executive Member Mr Zulfiqar Ali Executive Member Mr Abbass Ali Executive Member Mr Husnain Ali Executive Member

Auditors

Shareef & Co Statutory Auditors 18 - 22 Stoney Lane Yardley Birmingham West Midlands B25 8YP

FREEHOLD PROPERTY

The Charity's property is held in trust by a number of Trustees. This is in accordance with the Charity's governing document and those trustees holding the property are referred to in the list of trustees in this report as 'Holding Trustees'. The legal ownership of the property lies with the Holding trustees but the beneficial interest lies with the Charity.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

Page 2

IDAARA MAARIF - E - ISLAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 18 November 2021 and signed on its behalf by:

Mr Amjad Shah - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Opinion

We have audited the financial statements of Idaara Maarif - E - Islam (the 'charity') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and taxes, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and FRS 102. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to achieve desired financial results and the manipulation of exceptional items and management bias in accounting estimates. Audit procedures performed by the engagement team included, but were not limited to: - enquiries with management, and the Company's legal counsel (internal and, where relevant, external), including consideration of known or suspected instances of fraud and non-compliance with laws and regulations and examining supporting calculations where a provision has been made in respect of these; reading key correspondence with regulatory authorities in relation to compliance with certain employment laws and indirect tax matters; - understanding and evaluating the design and implementation of management's controls designed to prevent and detect irregularities; - challenging assumptions and judgements made by management in their significant accounting estimates, in particular, in relation to restricted funds; - identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and postings by unusual users; There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF IDAARA MAARIF - E - ISLAM

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Shareef & Co Statutory Auditors 18 - 22 Stoney Lane Yardley Birmingham West Midlands B25 8YP

18 November 2021

Page 6

IDAARA MAARIF - E - ISLAM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Other income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
Cost of Charitable activities-Direct Expenses
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
62,031
78,562
2,785
44,521
187,899
21,812
198,772
1,800
222,384
(34,485)
2,445,099
2,410,614		 Restricted
funds
£
16,775
1,805
-
-
18,580
-
23,780
-
23,780
(5,200)
55,117
49,917		 2020
Total
funds
£
78,806
80,367
2,785
44,521
206,479
21,812
222,552
1,800
246,164
(39,685)
2,500,216
2,460,531		 2019
Total
funds
£
153,358
140,975
4,525
-
298,858
30,715
285,920
1,800
318,435
(19,577)
2,519,793
2,500,216

The notes form part of these financial statements

Page 7

IDAARA MAARIF - E - ISLAM

BALANCE SHEET 31 DECEMBER 2020

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
2,000,695
115,906
377,585
493,491
(83,572)
409,919
2,410,614
2,410,614		 Restricted
funds
£
-
-
51,818
51,818
(1,901)
49,917
49,917
49,917		 2020
Total
funds
£
2,000,695
115,906
429,403
545,309
(85,473)
459,836
2,460,531
2,460,531
2,410,614
49,917
2,460,531		 2019
Total
funds
£
2,055,210
51,719
434,304
486,023
(41,017)
445,006
2,500,216
2,500,216
2,445,099
55,117
2,500,216

The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2021 and were signed on its behalf by:

Mr Dilshad Abbas - Trustee

The notes form part of these financial statements

Page 8

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance Motor vehicles - 15% on reducing balance

Freehold property is depreciated at 2% on revalued amount but the associated land has not been depreciated.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. OTHER TRADING ACTIVITIES

Hire of Hall
Gift Aid Income
Hall Expenses Recharge
Madrassa Collection
Zaree Imam Hussain
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
OTHER INCOME
Furlough receipts
Council grant
5.
RAISING FUNDS
Raising donations and legacies
Support costs
6.
TRUSTEES' REMUNERATION AND BENEFITS		 2020
£
58,750
-
19,812
-
1,805
80,367
2020
£
2,785
-
2,785
2020
£
19,521
25,000
44,521
2020
£
2,000		 2019
£
72,000
16,666
42,428
9,881
-		 2019
£
72,000
16,666
42,428
9,881
-		 2019
£
72,000
16,666
42,428
9,881
-
140,975
2019
£
4,300
225
4,525
2019
£
-
-
-
2019
£
-

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

continued...

Page 10

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administration
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Cost of Charitable activities-Direct Expenses
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 ACTIVITIES
Unrestricted
fund
£
121,928
140,975
4,525
267,428
30,715
266,681
1,800
299,196
(31,768)
2,476,867
2,445,099		 2020
3
Restricted
funds
£
31,430
-
-
31,430
-
19,239
-
19,239
12,191
42,926
55,117

continued...

Page 11

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

9. TANGIBLE FIXED ASSETS

COST
At 1 January 2020 and
31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Freehold
property
£
1,980,000
65,200
39,600
104,800
1,875,200
1,914,800		 Long
leasehold
£
211,360
131,512
4,227
135,739
75,621
79,848		 Plant and
machinery
£
149,055
97,350
9,125
106,475
42,580
51,705		 Motor
vehicles
£
18,595
9,738
1,563
11,301
7,294
8,857		 Totals
£
2,359,010
303,800
54,515
358,315
2,000,695
2,055,210

Included in cost or valuation of land and buildings is freehold land of £700,000 (2019 - £700,000) which is not depreciated.

The Freehold property was revalued on 7 September 2018 by an independent valuer on the basis of Open Market value.

If the Freehold property had been valued at historical cost the net book value as at 31/12/19 would have been £547,468 and the depreciation charge would have been £13,952.

The unrealised surplus of £1,404,628 on the revaluation is included in unrestricted reserves.

The legal ownership of the Freehold property currently lies with certain members of the Board of Trustees. They hold the property in trust for the Charity and the beneficial ownership lies with the Charity. See the list of trustees in the Trustees Report for a list of the relevant Trustees - referred to as Holding Trustees.

The trustees are in the process of transferring over the legal ownership of the property to the Charity and this should be completed shortly.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Debtors (Qarz Hasana)
Hall Charges
Other Receivable		 2020
£
20,345
84,843
10,718
115,906		 2019
£
14,345
26,656
10,718
51,719

continued...

Page 12

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 12)
Taxation and social security
Other creditors
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Other Funds
Quetta/ Pak Shoda
Earthquake fund
DAM fund
ZAREE IH fund
Iran fund
TOTAL FUNDS		 At 1.1.20
£
2,445,099
46,142
1,455
1,430
400
320
4,820
130
420
55,117
2,500,216		 2020
£
1,901
1,039
82,533
85,473
2020
£
1,901
Net
movement
in funds
£
(34,485)
(3,649)
(3,356)
-
-
-
-
1,805
-
(5,200)
(39,685)		 2019
£
-
396
40,621
41,017
2019
£
-
At
31.12.20
£
2,410,614
42,493
(1,901)
1,430
400
320
4,820
1,935
420
49,917
2,460,531

continued...

Page 13

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
ZAREE IH fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Other Funds
Quetta/ Pak Shoda
Earthquake fund
DAM fund
ZAREE IH fund
Iran fund
TOTAL FUNDS		 Incoming
resources
£
187,899
14,757
2,018
1,805
18,580
206,479
At 1.1.19
£
2,476,867
34,371
1,455
1,430
400
320
4,820
130
-
42,926
2,519,793		 Resources
expended
£
(222,384)
(18,406)
(5,374)
-
(23,780)
(246,164)
Net
movement
in funds
£
(31,768)
11,771
-
-
-
-
-
-
420
12,191
(19,577)		 Movement
in funds
£
(34,485)
(3,649)
(3,356)
1,805
(5,200)
(39,685)
At
31.12.19
£
2,445,099
46,142
1,455
1,430
400
320
4,820
130
420
55,117
2,500,216

continued...

Page 14

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Iran fund
TOTAL FUNDS		 Incoming
resources
£
267,428
28,327
2,683
420
31,430
298,858		 Resources
Movement
expended
in funds
£
£
(299,196)
(31,768)
(16,556)
11,771
(2,683)
-
-
420
(19,239)
12,191
(318,435)
(19,577)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
Other Funds
Quetta/ Pak Shoda
Earthquake fund
DAM fund
ZAREE IH fund
Iran fund
TOTAL FUNDS		 At 1.1.19
£
2,476,867
34,371
1,455
1,430
400
320
4,820
130
-
42,926
2,519,793		 Net
movement
in funds
£
(66,253)
8,122
(3,356)
-
-
-
-
1,805
420
6,991
(59,262)		 At
31.12.20
£
2,410,614
42,493
(1,901)
1,430
400
320
4,820
1,935
420
49,917
2,460,531

Page 15

continued...

IDAARA MAARIF - E - ISLAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Funeral fees
Fitrana
ZAREE IH fund
Iran fund
TOTAL FUNDS		 Incoming
resources
£
455,327
43,084
4,701
1,805
420
50,010
505,337		 Resources
Movement
expended
in funds
£
£
(521,580)
(66,253)
(34,962)
8,122
(8,057)
(3,356)
-
1,805
-
420
(43,019)
6,991
(564,599)
(59,262)

14. RELATED PARTY DISCLOSURES

A number of Trustees hold legal title to the Charity's property.

They have signed affidavits confirming that the beneficial ownership of the property lies with the Charity.

See Fixed asset note 8 and the Trustees Report for details.

Page 16

IDAARA MAARIF - E - ISLAM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Donations & Membership
Funeral Contribution
Fitrana
Ladies Committees
Niaz Fund
HYC
Other trading activities
Hire of Hall
Gift Aid Income
Hall Expenses Recharge
Madrassa Collection
Zaree Imam Hussain
Investment income
Rents received
Deposit account interest
Other income
Furlough receipts
Council grant
Total incoming resources
EXPENDITURE
Other trading activities
Hall expenses
Charitable activities
Wages
Pensions
Flat Costs
Insurance
Light and heat
Carried forward		 2020
£
44,903
14,757
2,018
-
17,128
-
78,806
58,750
-
19,812
-
1,805
80,367
2,785
-
2,785
19,521
25,000
44,521
206,479
19,812
40,768
925
6,602
1,715
13,292
63,302		 2019
£
64,668
28,327
2,683
12,225
45,285
170
153,358
72,000
16,666
42,428
9,881
-
140,975
4,300
225
4,525
-
-
-
298,858
30,715
30,222
-
4,295
3,920
15,488
53,925

This page does not form part of the statutory financial statements

Page 17

IDAARA MAARIF - E - ISLAM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Charitable activities
Brought forward
Telephone
Postage and stationery
Niaz Costs
Legal fees
Lecturers
Repairs & Maintenance
Hire of Tent
Motor & Travelling Expense
Cleaning & Refuse
Al kalam & Madressa costs
Security Costs
Fitrana
Burial and Funeral Costs
Sundry
Donations
Horse Hire
Depreciation of tangible fixed assets
Support costs
Management
Charitable events
Governance costs
Auditors' remuneration
Bank charges
Total resources expended
Net expenditure		 2020
£
63,302
1,033
1,380
21,857
1,240
11,150
26,078
4,000
2,368
2,426
-
6,548
5,374
18,406
1,293
1,000
-
54,515
221,970
2,000
1,800
582
2,382
246,164
(39,685)		 2019
£
53,925
724
6,693
68,008
2,026
28,770
32,440
2,775
6,696
1,671
2,000
2,605
2,683
16,556
2,085
-
275
54,515
284,447
-
1,800
1,473
3,273
318,435
(19,577)

This page does not form part of the statutory financial statements

Page 18