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2021-12-31-accounts

MASJID E TAUHEEDUL ISLAM

Charity No. 700817

Trustees' Report and Audited Accounts

31 December 2021

MASJID E TAUHEEDUL ISLAM Contents

Pages
Trustees' Annual Report 2 to 4
Report of the Independent Auditors 5 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 18
Statement of Cash flows 19
Detailed Statement of Financial Activities 20 to 21

Page 1

MASJID E TAUHEEDUL ISLAM Trustees Annual Report

The trustees present their report with the audited financial statements of the charity for the year ended 31 December 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 700817

Principal Office

31 Bicknell Street Blackburn Lancashire BB1 7EY

Trustees

The following trustees served during the year:

F.I. Bharucha Y.I. Bohra (Deceased Feb 2023) A.M. Vika

Auditors

XAVIERS ACCOUNTANTS LIMITED Suite 3J, Recycling Lives Centre 1a Essex Street Preston PR1 1QE

Bankers

RBS(Natwest) 35 KingWilliam street Blackburn Lancashire BB1 7DJ

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document is as follows:

a)To Advance the Islamic religion amongst the residents of Blackburn and to teach the Islamic way of life by the faith and literature set out by the Scholars of the Islamic University of Deoband India in accordance with "Ahle -Sunnat- wal Jamaat

b) advance education including religious education by maintaining and managing a school for girls of the Islamic faith. The activities of the Girls School as stated in the Objectives clause are now vested in the Tauheedul Education Trust.

Page 2

MASJID E TAUHEEDUL ISLAM

Trustees Annual Report

The main activities undertaken in relation to those purpose are as follows:

The Masjid provides prayer facilities for worshippers who visit the masjid with congregational prayers taking place five times a day.

Nika (marriage) ceremonies and full funeral services are provided for the local Muslim population.

The Trustees have taken into account the Charity Commission's guidance on public benefit. The activities mentioned in this report helps achieve the charity's purpose for the public benefit. 1. The Masjid provides services for the benefit of its wider community. 2. The Masjid is open for worship for all muslims

ACHIEVEMENTS AND PERFORMANCE

The Charity carries out a wide range of activities in pursuance of its charitable aims: The mosque remains well frequented and regular programmes are held at weekends for all sections of the community. Friday prayers are preceded by lectures by the Imaams. Over the month of Ramadan lectures are held after Asar prayers and religious talks given by local and other invited scholars. Throughout the year educational programmes on the seerah of the prophet SAW are kept on a fortnightly basis which is well frequented by the general public . Weekend free courses on Islamic Law and Tafseer classes are held for the women of the area.

FINANCIAL REVIEW

Funds available are sufficient to permit the charity to continue in operation in the medium to long term, together with the continued support from the donors. The day to day running of the Masjid is financially supported by voluntary contributions from members of the Masjid. The chraity has also invested in properties which are rented out to generate additional income

The reserves of the Masjid have been classified as invested in Endowment Funds and unrestricted reserves to serve Masjid e Tauheedul Islam and its immediate and wider community. The mosque building being Waqaf property is classified as permanent endowment and therefore under the restricted funds category. Other reserves are maintained at a level where cash flow is available for upkeep and maintenance of all assets of the charity and any future expansion requirements.

There are no uncertainties about the charity continuing as a going concern The Trustees actively review all major risks which the Charity faces and drawn up a risk assessment which is reviewed at every meeting. The Trustees are satisfied that all systems are in place and arrangements have been made to manage any risks identified.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Masjid E Tauheedul Islam (MTI) is registered as a Charity with The Charity Commission under charity no: 700817. It is governed by constitution dated 22nd May 1988 .

As stated on page 1, MTI has 3 appointed Trustees, however one the trustees (Mr Yunus Bohra) sadly passed away after the year end in February 2023. The day to day management of the Masjid’s affairs is the responsibility of the elected voluntary Executive Committee. Supporting the Executive Committee is a group of Sub Committees which manage the strategic direction of the Masjid’s activities. The trustees would like to express their sadness and condolences at the loss of one of the trustees, Yunus Bohra. The Trust and the whole community are very grateful for the services he provided and the time he contributed for the benefit of the trust, may the Almighty grant him Jannatul Firdaus.

The trustees held title deeds in some properties owned by MTI at the date the report was approved. The charity is in the process of transferring some of the properties held in the trustees names to the charity's name.

Page 3

MASJID E TAUHEEDUL ISLAM Trustees Annual Report

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities requires the charity trustees to prepare financial statements which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditor

So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

Signed on behalf of the charity's trustees

F.I. Bharucha

Trustee

Date: 24/10/2023

Page 4

MASJID E TAUHEEDUL ISLAM

Independent Auditor's Report to the Trustees of Masjid E Tauheedul Islam

Opinion

We have audited the financial statements of MASJID E TAUHEEDUL ISLAM (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the Notes to the Accounts, 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, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (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 Auditor’s 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Page 5

MASJID E TAUHEEDUL ISLAM

Independent Auditor's Report to the Trustees of Masjid E Tauheedul Islam

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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Other matter

The financial statements for Masjid E Tauheedul Islam for the year ended 31 December 2020 were not audited.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they 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 intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 regulations made under section 154 of that Act.

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 an auditor’s report 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:

Page 6

MASJID E TAUHEEDUL ISLAM

Independent Auditor's Report to the Trustees of Masjid E Tauheedul Islam

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

• We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

• In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in

making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Page 7

MASJID E TAUHEEDUL ISLAM

Independent Auditor's Report to the Trustees of Masjid E Tauheedul Islam

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance 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.

Xaviers Accountants Limited (Statutory Auditor) Chartered Certified Accountants & statutory

auditor Suite 3J

Recycling Lives Centre 1A Essex Street Preston PR1 1QE

Date: 24/10/2023

Xaviers Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 8

MASJID E TAUHEEDUL ISLAM Statement of Financial Activities

for the year ended 31 December 2021

Notes
Income and endowments
from:
Donations and legacies
3
Investments
4
Other
5
Total
Expenditure on:
Other charitable activities
6
Total
Net gains on investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
(as Restated)
Total funds carried forward		 Unrestricted
funds
2021
£
204,089
55,232
1,342		 Restricted
funds
2021
£
-
-
-		 Total funds
2021
£
204,089
55,232
1,342		 Total funds
2021
£
204,089
55,232
1,342		 As restated
Total funds
2020
£
146,942
48,017
14,505
260,663
165,717		 -
-		 260,663
165,717		 209,464
180,282
165,717
-		 -
-		 165,717
-		 180,282
-
94,946
-		 -
-		 94,946
-		 29,182
-
94,946 - 94,946 29,182
29,182
5,547,923
5,577,105
94,946
2,238,242		 -
3,338,863		 94,946
5,577,105
2,333,188 3,338,863 5,672,051

Page 9

MASJID E TAUHEEDUL ISLAM Balance Sheet

at 31 December 2021

Charity No. 700817
Fixed assets
Tangible assets
10
Investments
11
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Endowment funds
13
Unrestricted funds
13
General funds
Reserves
Revaluation reserve
13, 16
Total funds		 2021
£
3,990,122
1,400,000
5,390,122
298,680
298,680
(16,751)
281,929
5,672,051
5,672,051
5,672,051
3,338,863
3,338,863
1,875,618
1,875,618
457,570
457,570
5,672,051		 As restated
2020
£
3,999,105
1,400,000
5,399,105
190,270
190,270
(12,270)
178,000
5,577,105
5,577,105
5,577,105
3,338,863
3,338,863
1,780,672
2,238,242
457,570
-
5,577,105

Approved by the trustees and signed on their behalf by:

A.M. Vika Trustee Date : 24/10/2023

Page 10

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

for the year ended 31 December 2021

Basis of preparation

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with Statement of Recommended Practice:

Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

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 of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the 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 donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

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

Freehold property 0% As endowment assets Fittings and equipment 5% Straight line

The trustees are of the opinion that a depreciation charge for the Masjid buildings is not required as the buildings are maintained and the expenditure to maintain the buildings is reflected in the income and expenditure account. The buildings are also considered to have a useful life of more than 50 years, so any depreciation charge is considered immaterial.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 12

MASJID E TAUHEEDUL ISLAM

Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Investments
Other
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2020
£
146,942
48,017
2,979
197,938
168,756
168,756
29,182
29,182
29,182
2,209,060
2,238,242		 Restricted
funds
2020
£
-
-
11,526
11,526
11,526
11,526
-
-
-
-
-		 Endowment
funds
2020
£
-
-
-
-
-
-
-
-
-
3,338,863
3,338,863		 As
restated
Total funds
2020
£
146,942
48,017
14,505
209,464
180,282
180,282
29,182
29,182
29,182
5,547,923
5,577,105

Page 13

MASJID E TAUHEEDUL ISLAM

Notes to the Accounts

3 Income from donations and legacies

4
Income from investments
Rental income
Solar electricity income
5
Other income
Bank interest received
Sundry income
HMRC JRS Grant
6
Other charitable activities expenditure
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
Member contributions
Donations
Parent contributions
maddresah		 204,089
Unrestricted
£
53,130
2,102
55,232
Unrestricted
£
143
390
809
1,342
Unrestricted
£
99,672
42,326
8,983
9,797
4,939
165,717
Unrestricted
£
99,140
34,665
70,284		 204,089
Total
2021
£
53,130
2,102
55,232
Total
2021
£
143
390
809
1,342
Total
2021
£
99,672
42,326
8,983
9,797
4,939
165,717
Total
2021
£
99,140
34,665
70,284		 Total
2020
£
72,360
22,454
52,128
146,942
Total
2020
£
46,515
1,502
48,017
Total
2020
£
142
2,837
11,526
14,505
Total
2020
£
101,180
60,695
8,982
7,668
1,757
180,282

Page 14

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

7 Net income for the year
2021 2020
This is stated after charging: £ £
Depreciation of owned fixed assets 8,983 8,982
Auditors' remuneration 3,240 -
Independent Examiner's fee - 300

8 Trustee remuneration and expenses

The trustees were not given any form of remuneration during the year in respect of their services (2020 - Nil). No expenses were reimbursed to the trustees as well (2020 - Nil).

9
Staff costs
Salaries and wages
Pension costs		 2021
97,007
1,297

98,304		 2020
96,668
1,240

97,908

No employee received emoluments in excess of £60,000 in the year (2020 - Nil)

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

Charitable activities
10Tangible fixed assets
Cost or revaluation
At 1 January 2021
At 31 December 2021
Depreciation and
impairment
At 1 January 2021
Depreciation charge for the
year
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020		 2021
Number
24

24
Land and
buildings
£
3,915,369
3,915,369
-
-

-
3,915,369
3,915,369		 Fittings and
equipment
£
179,653

179,653
95,917
8,983

104,900		 2020
Number
24

24
Total
£
4,095,022
4,095,022

95,917
8,983





104,900


74,753
3,990,122


83,736
3,999,105

Page 15

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

11 Investments

nvestments
Freehold
Investment
Property Total
As restated
£ £
Cost or revaluation
At 1 January 2021 1,400,000 1,400,000
-
At 31 December 2021 1,400,000 1,400,000
Net book values
At 31 December 2021 1,400,000 1,400,000
At 31 December 2020 1,400,000 1,400,000
The investment properties have been valued by the trustees of the charity, who are not professionally
qualified valuers, as at the balance sheet date on an open market basis. The valuation was arrived at by
reference to market evidence of transaction prices for similar properties in its locations. The historic cost
of the investment properties was £942,430 (2020: £942,430).

12 Creditors:

amounts falling due within one year

Accruals 2021
£
16,751
16,751		 2020
£
12,270
12,270

Page 16

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

13 Movement in funds

Incoming
resources
(including
other
Resources
expended
Purposes and restrictions in relation to the funds:
Revaluation reserves
Represent the amount by which investment properties exceed
historical cost.
14 Analysis of net assets between funds
Unrestricted
Restricted
15 Reconciliation of net debt
At 1 January
2021
Cash flows
£
£
Cash and cash equivalents
190,270
108,410
190,270
108,410
Net debt

190,270
108,410
Restricted funds:
At 1 January
2021
Restated
gains/losses
)
£
£
Endowment funds:
3,338,863
-
-
Total
3,338,863
-
-
Unrestricted funds:
General funds
1,780,672
260,663
(165,717)
Revaluation Reserves:
Revaluation fund
457,570
-
Total revaluation reserves
457,570
-
Total funds
5,577,105

260,663

(165,717)
funds
£
funds
£
Fixed assets
651,259
3,338,863
Investments
1,400,000
-
Net current assets
281,929
-
2,333,188
3,338,863

Page 17

MASJID E TAUHEEDUL ISLAM Notes to the Accounts

16 Commitments

Pension commitments

The pension cost charge to the charity
amounted to:		 2021
£

1,297		 2020
£

1,240

16 Prior period adjustment

A prior period adjustment was made to reflect the increase in value to the investment properties held by the charity in the previous years. The cumulative effect of the investment properties increase is treated as a prior year adjustment for the valuation done by the Trustees as at 31.12.2020 as this increase was not reflected in the previous financial statements.

17 Related party disclosures

Name of related party

Trustees

There were no related party transactions during the year.

Page 18

MASJID E TAUHEEDUL ISLAM Statement of Cash flows

for the year ended 31 December 2021

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase/(Decrease) in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2021
£
94,946
8,983
(56,574)
4,481
51,836
56,574
56,574
-
108,410
190,270
298,680
298,680
298,680		 2020
£
29,183
8,982
(62,522)
(3,692)
(28,049)
62,522
62,522
-
34,473
303,674
338,147
190,270
190,270

Page 19

MASJID E TAUHEEDUL ISLAM Detailed Statement of Financial Activities

for the year ended 31 December 2021

Income and endowments from:
Donations and legacies
Member contributions
Donations
Parent contributions maddresah
Investments
Rental income
Solar electricity income
Other
Bank interest received
Sundry income
HMRC JRS Grant
Total income and endowments
Expenditure on:
Employee costs
Salaries/wages
Pension costs
Staff training
Premises costs
Rates
Light, heat and power
Premises cleaning
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Fittings and
equipment
Depreciation of
Bank charges
Equipment expensed
Stationery and printing
Subscriptions		 Unrestricted
funds
2021
£
99,140
34,665
70,284
204,089
53,130
2,102
55,232
143
390
809
1,342
260,663
97,007
1,297
1,368
99,672
9,024
25,352
191
536
7,223
42,326
-
8,983
-
2,028
4,621
191		 Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2021
£
99,140
34,665
70,284
204,089
53,130
2,102
55,232
143
390
809
1,342
260,663
97,007
1,297
1,368
99,672
9,024
25,352
191
536
7,223
42,326
-
8,983
-
2,028
4,621
191		 Total funds
2020
£
72,360
22,454
52,128
146,942
46,515
1,502
48,017
142
2,837
11,526
14,505
209,464
96,668
1,240
3,272
101,180
9,190
26,131
5,271
526
19,577
60,695
-
8,982
28
3,106
2,769
934

Page 20

MASJID E TAUHEEDUL ISLAM

Detailed Statement of Financial Activities

Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,170
1,787
18,780
3,240
950
749
4,939
165,717
165,717
-
94,946
94,946
-
94,946
2,238,242
2,333,188		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
3,338,863
3,338,863		 1,170
1,787
18,780
3,240
950
749
4,939
165,717
165,717
-
94,946
94,946
-
94,946
5,577,105
5,672,051		 102
729
16,650
300
575
882
1,757
180,282
180,282
-
29,182
29,182
-
29,182
5,547,923
5,577,105

Page 21