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2020-08-31-accounts

Page
Report ofthe Trastees 1 to 5
Report ofthe Independeat
Auditors		 6 to 7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement 10
Notes to the Cash Flow Statement
Notes to the Flnaacial Statements 12 to 19
Detailed Statement ofFinancial Activities 20 to 21

Halls and rooms
Our halls and rooms are available to use by local groups, organisations and communities.
Prison service
The charity is a monber ofthe prison service chaplamcy council acung as advisory role for Shia Muslim prisoners in HM Prisons. It also nonunates
sessional
and part time Shia chaplains
to the prison service		 to supplement
chaplaincy		 services already offered to Muslim prisoners.
Yolith Activities
The Charity
otTers facilities for youth
to gather and involve		 in educational
and sports activities		 and to develop the youth to be active and law abidmg
members ofthe community.
Women
Women
and family programme
at mosques
offer advice		 and counselling
for couples and empowering		 women in society offering them educational
and sports facilities.
The Charity
also runs
an academic
ami to deal with research
on the		 Shia commumty and other religious conmiunities and raises the concerns of
religious
and ethnic minorities
at different
forums.
Interfatth
events
The Charity is a member ofFaith Forum for London and contributes
to		 the cohesion and the needs offaith commumties in London.
The Charity
is a member ofthe Religious Education
Council and is involved
in the		 development
ofreligious		 education cumculum and takes part in
activihes
and celebrations ofother faiths and regularly
holds community		 events and sharing offood, Iffar.
MINAB
The Charily
is one ofthe founding
member
and hosts the		 oinces ofthe Mosques
and Imams National		 Advisory Board on it premises.
MINAB		 aims
to raise standards
in mosques
and the training ofImams.
Centre for Academic Shia Studies
The academic arm ofMINAB (Casa) undertakes
research		 on Shia and other religious minority affairs, produces papers and briefing documents.
FINANCIAL REVIEW
Principal
funding
sources
One of the Charity's
main
sources of inconie
is the collection of donations
and religious
dues from general		 pubhc. During tbe year the Charity
received
total donations
and religious
dues of51,197,593.
Reasonable
fees are charged to students
for the schools. During the year the Charily		 generated total school mcome of61,323,556.
The foundation
also operates afee paying nursery.
During		 the year, the Charity generated total nursery fee income off203,957.
The Charity
is involved
in DFID research project headed
grant mcome off140,487,		 by Institute of Development Studies. During the year, the Charity generated total DFID
Investment
policy and objectives
The Charity's
cash reserves
are held
in current
and saving		 bank accounts. Any interest earned is aditi to the general fund reserve and used for the
general charitable
purposes.

Statement ofFinancial Activities Statement ofFinancial Activities
for the Year Ended 31Au ust 2020
2020 2019
Unrestricted Restricted Endowment Total Total
funds funds fund funds funds
Notes f f
INCOME AND ENDOWMENTS
FROM
Donations
and legacies		 571,512 626,081 1,197,593 3,784,496
Charitable
activities
Schools operations 1,323,556 1,323,556 1,538,394
Nursery
Operations		 203,957 203,957 202,149
DFID 140,487 140,487 98,346
Other income 291,789 291,789 246
Total 2,390,814 766,568 3,157,382 5,623,631
EXPENDITURE ON
Charitable
activities
Schools operations 1,374,990 1,374,990 1,386,906
Grants snd Donations 311.712 615,171 926,883 4,329,640
Support costs 336,846 5,106 36,613 378,565 511,323
Nursery
Operations		 101,194 101,194 121,184
DFID 130,211 130,211 95,094
Total 2,124,742 750,488 36,613 2,911,843 6,444,147
NET INCOME/(EXPENDITURE) 266,072 16,080 (36,613) 245,539 (820,516)
Transfers between
funds		 14 (23,814) 23,814
Net movement
in funds		 242,258 16,080 (12,799) 245,539 (820,516)
RECONCILIATION OF FUNDS
Total funds brought ferward 1,757,572 (34,944) 6,173,62'1 7,896,255 8,716,771
TOTAL FUNDS CARRIED
FORWARD 1,999,830 (18,864) 6,160,828 8,141,794 7,896,255

2020 2019
Unrestricted Restricted Endowment Total Total
funds funds fund funds fuads
Notes f
FIXEDASSETS
Tangible assets 11 1,693,441 6,160,828 7,854,269 7,888,922
CURRENT ASSETS
Debtors 12 152,878 32,408 185,286 193,082
Cash at bank and in band 357,808 8,942 366,750 119,319
510,686 41,350 552,036 312,401
CREDITORS
Amounts
falling due within one year		 13 (204,297) (60,214) (264,511) (305,068)
NKT CURRENT
ASSETS/(LIABILITIES) 306,389 (18,864) 287,525 7,333
TOTAL ASSETSLESSCURRENT
LIABILITIES 1,999,830 (18,864) 6,160,828 8,141,794 7,896,255
NKT ASSETS 1,999,830 (18,864) 6,1G0,828 8,141,794 7,896,255
FUNDS 14
Unrestricted
funds		 1,999,830 1,757,572
Restricted funds (18,864) (34,944)
Endowment
funds		 G,160,828 6,173,627
TOTAL FUNDS 8,141,794 7,896,255
for the Year Ended 3 1Au ust 2020
2020 2019
Notes 8
Cash llows from operating activities
Cash generated
born operations		 281,806 (784,443)
Interest paid (I)
Net cash provided by/(used in) operating activities 281,806 (784,444)
Cash llows from Investing acbxddes
Purchase oftangible fixed assets (34,375) (84,059)
Net cash used in investing activities (34,375) (84,059)
Change in cash snd cash equivalents ln tbe
reporting period 247,431 (868,503)
Cash and cash equivalents at tbe beginning ofthe
reportlag period 119,319 987,822
Cash and cash equivalents at tbe end ofthe
reporting period 366,750 119,319

for the Year Ende for the Year Ende for the Year Ende for the Year Ende d 31Au
ust 2020
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2020 2019
8 8
Net income/(expenditure) for the reporting period (ss per the Statement ofFinancial
Activities) 245,539 (820,516)
Adjustments for:
Deprcc&aticn cbarges 69,028 68,340
Interest paid I
Decrease/(increase) in debtors 7,796 (85,686)
(Decrease)/incresse in creditors (40,557) 53,418
Net cash provided by/(used in) operations 281,806 (7114,443)
2. ANALYSIS OF CHANGES IN IVET FUNDS
At I/9/19 Cash tlow At 31/8/20
g
Net cash
Cssb at bank and in hand 119,319 247,431 366,750
119,319 247,431 366,750
Total 119,319 247,431 366,750

DONATIONS
AND LEGACIES
2020 2019
8
Donations
and Religious dues		 1,176,999 3,765,446
Gift aid 20,594 19050
1,197,593 3.784,496
INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Activity 8
School &Nursery FeeIncome Schools operations 1,240,013 1,408,234
School Other Income
School &Nursery Fee Income		 Schools operations
Nursery Operations		 83,543
203,957		 130,160
202,149
Grant - DPID DFID 140,487 98,346
1,668,000 1,838,889
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
8
Schools operations 1,374,990 1,374,990
Grants snd Donations 926,883 926,883
Support costs 70,329 308,236 378,565
Nursery
Operations		 101,194 101,194
DFID 130,211 130,211
1,676,724 926,883 308%6 2,911,843
GRANTS PAYABLK
2020 2019
8
Grants snd Donations 926,883 4,329,640
The total grants paid lo institutions during the year was as follows:
2020f 2019
8
Grants and donations 879,785 4,246,315

SUPPORT C OST S
Management Finance Other Totals
8 8 8
Support costs 257,460 (12,835) 03,611 308,236
Support costs, included in the above, are as follows;
Management
2020 2019
Support Total
costs activities
8
Wages &salaries - Foundation 156,692 181,162
Rates and water 3,191 2,951
Light and heat 3,201 1,162
Telephone 269 336
Postage and stationery 223 76
Travelling 2,250 3,921
Sundries 766 2,569
Accountancy fees 22,440 11,115
Publication expenses 39,219
Repairs &Maintenance 1,602 8,791
Subscriptions 1,893 4,886
Subsistence 585 1,253
Advertising 4,860 10,000
Book keeping fees 15,000 15,000
Legal &.professional fees 41,448 (2,235)
Bsd debt 1,500 5,400
Prison visit 242 40
Cteamng 1,298
Bank interest
257,460 285,647
Finance
2020 2019
Support Total
costs activities
8
Bank charges 1,487 2,796
Foreign exchange loss/(gains) (14,322) 16,148
(12,835) 18,944
Other
2020 2019
Support Total
costs activities
8
Depreciation oftangible fixed assets 63,611 67,643
TRUSTEES' REMUNERATION AND BENEFITS

STAFFCOSTS
The total Wages and salaries for the year was as follows
31/08/20 31/08/19
I f
Mosque 12,834 27,798
School 1,123,868 1,137,719
Nursery 88,830 104,294
Foundation 210,447 204,033
Arabic Weekend School 229
1,435,979 1,474,073
The average number ofemployees during the year was as follows
31/08/20 31/08/19
Mosque 2 4
School 69 60
Nursery 10 14
Foundation 16 16
97 94
There were 6 average number ofvolunteers during the year.
No employees
received		 emoluments in excess of660,000.
COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Endowment Total
funds funds fund fuads
INCOME AND ENDOWMENTS FROM
Donsttons
and legacies		 1,909,614 1,874,882 3,784,496
Charitable
activities
Schools operations 1,538,394 1,538,394
Nursery Operations 202,149 202,149
DFID 98,346 98,346
Other income 24G 246
Total 3,650,403 1,973,228 5,623,631
EXPENDITURE ON
Charitable
activities
Schools operations 1,386,90G 1,386,906
Grants
and Donations		 2,555,938 1,773,702 4,329,640
Support costs 313,4G1 162,070 35,792 511,323
Nursery
Operations		 121,184 121,184
DPID 95,094 95,094
4,377,489 2,030,866 35,792 6,444,147
NET INCOME/(EXPENDITURE) (727,086) (57,638) (35,792) (820,516)
Transfers
between		 funds 112,705 (167,305) 54,600
Net movement
in funds		 (614,381) (224,943) 18,808 (820,516)
RECONCILIATION OFFUNDS
Total funds brought forward 2,371,953 189,999 6,154,819 8,716,771
TOTAL FUNDS CARRIED FORWARD 1,757,572 (34,944) 6,173,627 7,896,255

INTANGIBLE FIXE DASSETS
Trademarks
8
COST
At I September 2019and 31August 2020 3,450
AMORTISATION
At I September 2019 and 31 August 2020 3,450
NKT BOOKVALUE
At 31 August 2020
At 31 August 2019
TANGIBLE FIXED ASSETS
Fixtures
Freehold School and Office
properties Equipments fittings equipment Totals
8 f, 8
COST
At I September 2019 8,581,959 284, 122 292,477 502,535 9,661,093
Additions 23,815 1,935 8,625 34,375
At 31 August 2020 8,605,774 284, 122 294,412 511,160 9,695,4GS
DEPRECIATION
At I September 2019 751,119 283,432 269,033 468,587 1,772,171
Charge for year 48,711 230 5,187 14,900 69,028
At 31August 2020 799,830 283,662 274,220 483,487 1,841,199
NKT BOOKVALUE
At 31 August 2020 7,805,944 460 20,192 27,673 7,854,269
At 31 August 2019 7,830,840 G90 23,444 33,948 7,888,922
Included
above in total net book value is cost ofland amounting		 to 66,375,559.
DEBTORS:AMOUNTS FALLING DUE WITHUS ONE YEAR
2020 2019
Trade debtors 47,460 41,580
Other debtors 33,149 46,349
Inter-funds
temporary		 balances 60,214 G3,12G
Prepayments 12,055 23,388
Accrued income 32,408 18,639
185,286 193,082
CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
2020 2019
Trade creditors 77,052 84,951
Social security and other taxes 17,286 21,203
Other creditors 13,804 3,568
Nursery
deposits		 6,200 8,400
Inter-funds
temporary		 balances 60,214 63,126
Deferred income 67,755 101,620
Accrued expenses 22,200 22,200
264,51I 305,068

Net Transfers
movement between At
At I/9/19 in funds funds 31/8/20
8
Unrestricted
funds
Genera
I Fund		 1,757,572 108,435 (23,814) 1,842,193
Khums Sehem imam 157,637 157,637
1,757,572 266,072 (23,814) 1,999,830
Restricted funds
Al-Kawthar/Orphans &Widows (37,563) 5,804 (31,759)
DFID Fund 2,619 10,276 12,895
(34,944) 16,080 (18,864)
Endowment
funds
Endowment
Fund		 6,173,627 (36,613) 23,814 6,160,828
TOTAL FUNDS 7,896,255 245,539 8,141,794
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
8 8 8
Unrestricted
funds
General Fund 2,006,129 (1,897,694) 108,435
Khums Sehem Imam 384,685 (227,048) 157,637
2,390,814 (2,124,742) 266,072
Restricted funds
Khums Sehem Sadaat 384,675 (384,675)
Al-Kawthar/Orphans &Widows 241,40G (235,G02) 5,804
DFID Fund 140,487 (130,211) 10,276
766,568 (750,488) 16,080
Endowment
funds
Endomnent
Fund		 (36,613) (36,613)
TOTAL FUNDS 3,157,382 (2,911,843) 245,539
Comparatives
for movement		 in funds
Net Transfers
movement between At
At I/9/18 in funds funds 31/8/19
8
Unrestricted
funds
General Fund 2,239,361 (594,494) I12,705 1,757,572
Kbums Sehem Imam 132,592 (132,592)
2,371,953 (727,086) I12,705 1,757,572
Restricted
funds
Govet Prevent Funds 48,388 (48,388)
Shaheed
fund		 132,467 (13,550) (118,917)
Al-Kawthsr/Orphans &Widows 9,144 (46,707) (37,563)
DFID Fund 2,619 2,619
189,999 (57,638) (167,305) (34,944)
Endowment
funds
Endowment
Fund		 6,154,819 (35,792) 54,600 6,173,G27
TOTALFUNDS 8,716,771 (820,516) 7,896,255

Comparative net movement net movement net movement in funds, included in the above are as follows: in the above are as follows: in the above are as follows: in the above are as follows:
Incoming Resources Movement
resources expended in funds
8 8
Unrestricted funds
General Fund 2,2G9,092 (2,863,586) (594,494)
Khums Sehem imam 1,381,311 (1,513,903) (132,592)
3,650,403 (4,377,489) (727,086)
Resuicted funds
Khums Sehem Sadaat 1,632,661 (1,632,661)
Shaheed fund (13,550) (13,550)
Al-Kawthar/Orphans &Widows 242,222 (288,929) (46,707)
DFID Fund 98,345 (95,726) 2,619
1,973,228 (2,030,866) (57,638)
Endowment funds
Endowment
Fund		 (35,792) (35,792)
TOTAL FUNDS 5,623,631 (6,444,147) (820,516)
A current year 12months and prior year 12months combined position isas follows:
Net Transfers
movement between At
At I/9/18 in funds funds 31/8/20
8
Unrestricted funds
General Fund 2,239,361 (486,059) 88,891 1,842,193
Khums Sehem Imam 132,592 25,045 157,637
2,371,953 (461,014) 88,891 1,999,830
Restrleted
funds
Govet Prevent Funds 48,388 (48,388)
Shaheed fund 132,467 (13,550) (118,917)
Al-Kawthar/Orphans A Widows 9,144 (40,903) (31,759)
DFID Fund 12,895 12,895
189,999 (41,558) (167,305) (18,864)
Endowment funds
Endowment
Fund		 6,154,819 (72,405) 78,414 6, 1G0,828
TOTAL FUNDS 8,716,771 (574,977) 8,141,794

MOVEMENT
IN FUND		 MOVEMENT
IN FUND		 S - continued
A current year 12months and poor year 12months combined net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended
f		 in funds
f
Unrestricted
funds
General Fund 4,275,221 (4,761,280) (486,059)
Khums Sehem Imam 1,765,996 (1,740,951) 25,045
6,041,217 (6,502,231) (461,014)
Restricted funds
Khums Sehem Sadaat 2,017,336 (2,017,336)
Sbaheed fund (13,550) (13,550)
Al-Kawthar/Orphanage Widows 483,628 (524,53I) (40,903)
DFID Fuad 238,832 (225,937) 12,895
2,739,796 (2,781,354) (41,558)
Endowment
funds
Endowment
Fund		 (72,405) (72,405)
TOTAL FUNDS 8,781,013 (9355990) (574,977)

D il 6 tntementof Fin ncial Activities Fin ncial Activities
for the Year Ended 31Au ust 2020
2020 2019
8
INCOME AND ENDOWMENTS
Doaations
and legacies
Donations
and Religious		 dues 1,176,999 3,7G5,446
Gitt aid 20,594 19,050
1,197,593 3,784,496
Charitable
activities
School &.Nursery
Fee Income		 1,443,970 1,610,383
School Other tncome 83,543 130,160
Grant - DFID 140,487 98,346
1,668,000 1,838,889
Other income
Other income 291,789 246
Total incoming resources 3,157,382 5,623,631
EXPENDITURE
Charitable
activities
Misc school expenses 37,883 48,426
Printing postage &statiooery 13,072 19,998
Light and heat 35,269 48,460
Trsnsporisnd
travel		 184 2,225
Telephone 6,311 7,619
Rates 25,532 22,249
Repairs &Maintenance 11,972 18,406
Legal &Professional 8,125 14,289
Wages &salaries - School 1,123,868 1,137,719
Bank charges snd interest 2,016
Depreciation 5,417 697
Cleaning 9,769 10,077
Insurance 2G,080 25,774
StaffTraining 22,334 15,749
Misc nursery expenses 12,163 16,890
Wages &Salaries -Nursery 88,830 104,294
Subscription 10,045 7,8G3
School meal- expenses 21,395 35,376
Saturday school expenses 38,554 51,194
Wages snd salaries - DFID 66,890 50,669
Travelling
—DFID		 10,821 12,161
Legal &prof fees - DPID 52,500 32,264
Swansea Mosque expenses 5,G55 7,087
Sermon food 42,039 52,787
Donations to institutions 879,785 4,246,315
Donation
paymenis		 47,098 83,325
2,G03,607 6,071,913
Support costs
Management
Wages &salaries - Foundation 156,692 181,162
Rates and water 3,191 2,951
Light and heat 3,201 1,162
Telephone 269 336
Postage and stationery 223 76
Travelling 2,250 3,921
Sundries 766 2,569
Accountancy
fees		 22,440 11,115
Carried forward 189,032 203,292

Detailed Statement ofFinancial A 'cities
for the Year Ended 31Au st 2020
2020 2019
f,
Management
Bmught forward 189,032 203,292
Publication expenses 39,219
Repairs tk Maintenaoce 1,602 8,791
Subscriptions 1,893 4,886
Subsistence 585 1,253
Advertising 4,860 10,000
Book keeping fees 15,000 15,000
Legal /8 pmfessiona1 fees 41,448 (2,235)
Bad debt 1,500 5,400
Prison visit 242 40
Cleaning 1,298
Bank interest
257,460 285,647
Finance
Bank charges 1,487 2,796
Foreign exchange loss/(gains) (14,322) ]6,148
(12,835) 18,944
Other
Depreciation oftangible fixed assets 63,611 67,643
Totalresources expeoded 2,911,843 6,444,147
Net income/(expeaditure) 245,539 (820,516)