|||||Pages| |---|---|---|---|---| |Trustees'
Annual
Report||||1to3| |Independent|Examiners|Report||| |Statement of|Financial Activities|||| |Summary
Income and Expenditure|||Account|| |Balance Sheet||||7to8| |Statement of|Cash flows|||| |Notes to the Accounts||||10to 20| |Report ofthe|Trustees|||21to 37| ## ## ## ## ## ## ## ## ## ## |for the year|ended|31March|2021||||| |---|---|---|---|---|---|---|---| |||||Unrestricte|Restricted||| |||||d funds|funds|Total funds|Total funds| |||||2021|2021|2021|2020| ||||Notes|E|f|f|E| |Income and|endowments||||||| |from:|||||||| |Donations|and legacies|||320,494||320,494|177,576| |Charitable|activities|||22,029||22,029|32,817| |Other trading
activities||||79,607||79,607|| |Investments||||14,091||14,091|14,460| |Total||||436,221||436,221|224,853| |Expenditure|on:||||||| |Raising funds|||8|1,878||1,878|| |Charitable|activities||9|18,343||18,343|| |Other|||10|323,419||323,419|191,908| |Total||||343,640||343,640|191,908| |Net gains on|investments||||||| |Net income||||92,581||92,581|32,945| |Transfers between||funds||62,580|30,000|92,580|| |Net income
gains/(losses)|before|other||155,161|30,000|185,161|32,945| |Other gains|and losses||||||| |Other(Losses)||||(92,581)||(92,581)|(32,945)| |Net movement
in funds||||62,580|30,000|92,580|| |Reconciliation
offunds:|||||||| |Total funds brought||forward||2,502,438||2,502,438|2,469,493| |Total funds carried||forward||2,565,018|30,000|2,595,018|2,469,493| ## |||2021|2020| |---|---|---|---| |||f|f| |Income||422,130|224,853| |Interest and investment|income|14,091|| |Gross income for the year||436,221|224,853| |Expenditure||320,551|191,908| |Interest payable||23,089|| |Total expenditure
for the year||343,640|191,908| |Net income before tax for the year||92,581|32,945| |Net income for the year||92,581|32,945| ## |JAMIA ISLAMIA (IS
Balance Sheet
at 31March 2021|L|AMIC STUDIES CENTRE) TRUST|||| |---|---|---|---|---|---| |Company
No.|||Notes|2021|2020| |||||f|f| |Fixed assets|||||| |Tangible assets|||12|3,125,250|3,115,000| |||||3,125,250|3,115,000| |Current assets|||||| |Cash at bank and||in hand||121,421|65,691| |||||121,421|65,691| |Creditors: Amount|falling due within one year||13|(23,373)|(24,123)| |Net current assets||||98,048|41,568| |Total assets less current
liabilities||||3,223,298|3,156,568| |Creditors: Amounts||falling due after more than one year|14|(628,280)|(654,130)| |Net assets excluding||pension asset or liability||2,595,018|2,502,438| |Total net assets||||2,595,018|2,502,438| |The funds ofthe charity|||||| |Restricted funds|||15||| |Restricted
income funds||||30,000|| |||||30,000|| |Unrestricted
funds|||15||| |Genera
I funds||||1,402,413|1,402,413| |Designated
funds||||62,580|| |||||1,464,993|1,402,413| |Reserves|||15||| |Revaluation
reserve||||1,100,025|1,100,025| |||||1,100,025|1,100,025| |Total funds||||2,595,018|2,502,438| ## ||||2021|2020| |---|---|---|---|---| ||||f|f| |Cash flows from operating|activities|||| |Net income per Statement|of Financial Activities||92,580|32,945| |Adjustments
for:||||| |Dividends,
interest and|rents from investments||(14,091)|| |Net cash provided
by operating
activities|||78,489|32,945| |Cash flows from investing|activities|||| |Dividends,
interest and|rents from investments||14,091|| |Net cash from investing
activities|||14,091|| |Cash flows from financing|activities|||| |Repayment
of borrowings|||(26,600)|(33,708)| |Net cash used in financing|activities||(26,600)|(33,708)| |Net increase/(decrease)
in|cash and cash equivalents||65,980|(763)| |Cash and cash equivalents|at the beginning|ofthe year|65,691|66,454| |Cash and cash equivalents|at the end ofthe|year|131,671|65,691| |Components
ofcash and cash equivalents||||| |Cash and bank balances|||121,421|65,691| ||||121,421|65,691| ## |Income||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Recognition||of|Income is included
in the|Statement of Financial Activities
(SoFA)||||when the||charity||| |income|||becomes entitled to, and|virtually
certain||to receive, the income and|||the amount|||ofthe| ||||income can be measured|with sufficient
reliability.||||||||| |Income with|||Where income has related||expenditure
the income||and related expenditure|||is|reported|| |related|||gross in the SoFA.|||||||||| |expenditure||||||||||||| |Donations|and||Voluntary
income received||by way ofgrants, donations
and gifts|||is included||in the the||| |legacies|||SoFA when receivable
and||only when the Charity
has unconditional
entitlement|||||||to the| ||||income.|||||||||| |Tax reclaims||on|Income from tax reclaims||is included
in the SoFA at the same time as||||the gift/donation|||| |donations|and||to which
it relates.|||||||||| |gifts||||||||||||| |Donated|||These are only included
in||income (with an equivalent
amount
in|||expenditure)|||where|| |services and|||the benefit to the Charity||is reasonably
quantifiable,||measurable|and|material.|||| |facilities||||||||||||| |Volunteer|help||The value ofany volunteer||help received|is not included
in the accounts.||||||| |Investment|||This is included
in the accounts when receivable.|||||||||| |income||||||||||||| |Gains/(losses)|||This includes
any gain or loss resulting
from revaluing
investments|||||to|market value at|||| |on revaluation|||the end ofthe year.|||||||||| |offixed assets||||||||||||| |Gains/(losses)|||This includes
any gain or loss on the sale of investments.|||||||||| |on investment||||||||||||| |assets||||||||||||| |Expenditure||||||||||||| |Recognition||of|Expenditure
is recognised||on an accruals|basis. Expenditure
includes|||any VAT which|||| |expenditure|||cannot be fully recovered,||and is reported|as part ofthe expenditure|||to which||it|| ||||relates.|||||||||| |Expenditure||on|These comprise the costs|associated
with||attracting|voluntary
income, fundraising|||||| |raising funds|||trading costs and investment
management|||costs.||||||| |Expenditure||on|These comprise the costs||incurred
by the|Charity
in the delivery of its activities|||||and|| |charitable|||services
in the furtherance||of its objects,|including|the making of|grants and||||| |activities|||gove
ma nce costs.|||||||||| |Grants payable|||All grant expenditure
is accounted
for on|||an actual|paid basis plus an||accrual for grants|||| ||||that have been approved||by the trustees|at the end ofthe year but not yet||||paid.||| |Governance|||These include those costs||associated
with|meeting|the constitutional||and statutory|||| |costs|||requirements
ofthe Charity,
including
any audit/independent
examination|||||||fees,||costs| ||||linked to the strategic management
ofthe Charity,||||together
with|a share of||other||| ||||administration
costs.|||||||||| |Other|||These are support costs not allocated to a particular||||activity.|||||| |expenditure||||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|| |---|---|---|---|---|---|---|---| |||||||funds|Total funds| |||||||2020|2020| |Income and endowments|||||||| |from:|||||||| |Donations|and||legacies|||224,853|224,853| |Total||||||224,853|224,853| |Expenditure
on:|||||||| |Other||||||191,908|191,908| |Total||||||191,908|191,908| |Net income||||||32,945|32,945| |Transfers between|||funds|||32,945|32,945| |Net income before|||other||||| |gains/(losses)||||||65,890|65,890| |Other gains and||losses:|||||| |Other Gains||||||(32,945)|(32,945)| |Net movement||in funds||||32,945|32,945| |Reconciliation|offunds:||||||| |Total funds brought
forward||||||2,469,493|2,469,493| |Total funds carried|||forward|||2,502,438|2,502,438| |4
Income from donations||||and legacies|||| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||||||320,494|320,494|177,576| ||||||320,494|320,494|177,576| |5
Income from charitable||||activities|||| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||||||22,029|22,029|32,817| ||||||22,029|22,029|32,817| ## |6|Income fro|m|other trading|activities|||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||||||79,607|79,607|| ||||||79,607|79,607|| |7|Income from||investments||||| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||||||14,091|14,091|14,460| ||||||14,091|14,091|14,460| |8|Expenditure||on raising funds||||| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||Investment||||||| ||management||costs||||| ||||||1,878|1,878|| ||||||1,878|1,878|| |9|Expenditure||on charitable|activities|||| ||||||Unrestricted|Total|Total| |||||||2021|2020| ||Expenditure||on||||| ||charitable|activities|||||| ||||||18,220|18,220|| ||Governance||costs||||| ||||||123|123|| ||||||18,343|18,343|| ## |Not
10|es to the Accounts
Other expenditure||||| |---|---|---|---|---|---| ||||Unrestricted|Total|Total| |||||2021|2020| ||||196,022|196,022|| ||Bank loan and overdraft||||| ||interest
payable||23,089|23,089|| ||Employee costs||10,828|10,828|1,650| ||Motor and travel costs||576|576|600| ||Premises costs||67,604|67,604|153,748| ||General
administrative||||| ||costs||15,900|15,900|16,147| ||Legal and professional
costs||9,400|9,400|19,763| ||||323,419|323,419|191,908| |11|Staff costs||||| ||Salaries and wages||10,828||1,650| ||||10,828||1,650| ||No employee
received emoluments|in excess off60,000.|||| |12|Tangible fixed assets||||| ||Cost or revaluation||||| ||At 1April 2020||3,115,000|10,250|3,125,250| ||At 31March 2021||3,115,000|10,250|3,125,250| ||Net book values||||| ||At 31March 2021||3,115,000|10,250|3,125,250| ||At 31March 2020||3,115,000|10,250|3,125,250| |13|Creditors:||||| ||amounts
falling due within one year||||| ||||2021||2020| ||||f||f| ||Trade creditors||23,373||24,123| ||||23,373||24,123| |14|Creditors:||||| ||amounts
falling due after more than||||| ||one year||||| ||||2021||2020| ||||E||| ||Bank loans and overdrafts||257,413||223,013| ||Other loans||370,117||431,117| ||Other creditors||750||| ||||628,280||654,130| ## |Movement|in funds|||||| |---|---|---|---|---|---|---| ||||Incoming|||| ||||resources|||At 31| |||||Resources|Gross|| |||At 1April|(including
other|expended|transfers|March
2021| |||2020|gains/losses)|||| ||||f|||| |Restricted funds:||||||| |Restricted income||||||| |funds:||||||| ||||||30,000|30,000| |Total|||||30,000|30,000| |Unrestricted|funds:|||||| |General funds||1,402,413|343,640|(343,640)||1,402,413| |Designated|funds:|||||| ||||||62,580|62,580| |Total|||||62,580|62,580| |Revaluation|Reserves:|||||| |Revaluation|fund|1,100,025||||1,100,025| |Total revaluation||||||| |reserves||1,100,025||||1,100,025| |Total funds||2,502,438|343,640|(343,640)|92,580|2,595,018| ## |Analysis of net assets between
funds|||| |---|---|---|---| ||Unrestricted|Restricted|| ||||Total| ||funds|funds|| |||f|| |Fixed assets|3,115,000|10,250|3,125,250| |Net current assets|121,421|(23,373)|98,048| |Creditors due in more than one year
and provisions|(750)|(627,530)|(628,280)| ||3,235,671|(640,653)|2,595,018| ## |IA ISLAMIA (ISLAMIC STUDIES CENTRE) T
s to the Accounts
Reconciliation
ofnet debt|RUST||| |---|---|---|---| ||||At 31| ||||March| ||At 1April 2020|Cash flows|2021| ||f||f| |Cash and cash equivalents|65,691|55,730|121,421| ||65,691|55,730|121,421| |Borrowings|(431,117)|61,000|(370,117)| |Bank loans|(223,013)|(34,400)|(257,413)| ||(654,130)|26,600|(627,530)| |Net debt|(588,439)|82,330|(506,109)| ## ## ||||||Unrestricte|Restricted||| |---|---|---|---|---|---|---|---|---| ||||||d funds|funds|Total funds|Total funds| ||||||2021|2021|2021|2020| ||||||f|f|f|f| |Income and||endowments||from:||||| |Donations|and legacies|||||||| ||||||320,494||320,494|177,576| ||||||320,494||320,494|177,576| |Charitable|activities|||||||| ||||||22,029||22,029|32,817| ||||||22,029||22,029|32,817| |Other trading||activities||||||| ||||||79,607||79,607|| ||||||79,607||79,607|| |Investments||||||||| ||||||14,091||14,091|14,460| ||||||14,091||14,091|14,460| |Total income||and endowments|||436,221||436,221|224,853| |Expenditure||on:||||||| |Investment|management|||costs||||| ||||||1,878||1,878|| ||||||1,878||1,878|| |Total ofexpenditure
funds|||on raising||1,878||1,878|| |Charitable|activities|||||||| ||||||18,220||18,220|| ||||||18,220||18,220|| |Governance||costs||||||| ||||||123||123|| ||||||123||123|| |Total ofexpenditure
activities|||on charitable||18,343||18,343|| |Other expenditure||||||||| ||||||196,022||196,022|| |Bank loan||and overdraft||interest||||| |payable|||||23,089||23,089|| ||||||219,111||219,111|| |Employee|costs|||||||| |Salaries/wages|||||10,828||10,828|1,650| ||||||10,828||10,828|1,650| |Motor and||travel costs||||||| |Travel and||subsistence|||576||576|600| ## ||||576||576|600| |---|---|---|---|---|---|---| |Premises costs||||||| |Rates|||8,210||8,210|34,344| |Light, heat and power|||58,526||58,526|54,111| |Other premises costs|||868||868|65,293| ||||67,604||67,604|153,748| |General
administrative||costs,||||| |including
depreciation||and||||| |amortisation||||||| |Bank charges|||5,216||5,216|7,312| |Generalinsurances|||752||752|1,179| |Stationery
and printing|||278||278|654| |Sundry expenses|||8,425||8,425|6,077| |Telephone,
fax and broadband|||1,229||1,229|925| ||||15,900||15,900|16,147| |Lega
I and professiona
I||costs||||| |Audit/Independent
fees|examination||7,146||7,146|| |Accountancy
and|bookkeeping||1,280||1,280|750| |Consultancy
fees||||||1,290| |Solicitor's fees||||||410| |Other legal and professional
costs|||974||974|17,313| ||||9,400||9,400|19,763| |Total ofexpenditure|of|other costs|323,419||323,419|191,908| |Total expenditure|||343,640||343,640|191,908| |Net gains on investments||||||| |Net income|||92,581||92,581|32,945| |Transfers between|funds||62,580|30,000|92,580|32,945| |Net income before
gains/(losses)|other||155,161|30,000|185,161|65,890| |Other(Losses)|||(92,581)||(92,581)|(32,945)| |Net movement
in funds|||62,580|30,000|92,580|32,945| |Reconciliation
offunds:||||||| |Total funds brought|forward||2,502,438||2,502,438|2,469,493| |Total funds carried|forward||2,565,018|30,000|2,595,018|2,502,438| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |COST CENTRE|||01.04.20 - 31.03.21|01.04.20 - 31.03.21| |---|---|---|---|---| |1.WUDHU
KHANA|||F|23,427.49| |2. MAIN BUILDING OFFICES|||F|34,721.29| |3.RESIDENCE BLOCK|NEW B||F|740.00| |4.RESIDENCE BLOCK|C|||28,251.91| |5.RESIDENCE
MB||||13,523.23| |6.RESIDENCE HOUSES||||240.00| |7.SEWERAGE/SEPTIC|TANK||F|62,832.02| |8.SITE ROADS/LANDSCAPING|||F|20,647.01| |9.GOB||||8,169.27| |10.JI STONEY STANTON||RD|F|3,064.29| ||||R195,616.51|| ## ## ## ## ## ## ##