## 

|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|6|
|Report ofthe Independent<br>Auditors|7|to|9|
|Statement ofFinancial Activities||10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|





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||||fo|r the Year En|ded 31Au u|st 2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|fund|funds|funds|
||||Notes||8||||
|INCOME AND ENDOWMENTS|||||||||
|FROM|||||||||
|Donations<br>and legacies|||2|306,589|277,655||584,244|1,950,842|
|Charitable<br>activities|||3||||||
|Schools operations||||1,567,241|||1,567,241|1,399,396|
|Nursery<br>Operations||||129,333|||129,333|123,295|
|DFID|||||213,522||213,522|182,324|
|Other mcome||||1,268,512|||1,268,512|326,462|
|Total||||3,271,675|491,177||3,762,852|3,982,319|
|EXPENDITURE|ON||||||||
|Charitable<br>activities|||||||||
|Schools operations||||1,442,601|||1,442,601|1,390,653|
|Grants and Donations||||284,641|250,345||534,986|1,041,756|
|Supportcosts||||296,065|11,072|36,613|343,750|378,408|
|Nursery<br>Operations||||99,765|||99,765|107,745|
|DFID|||||214,500||214,500|192,146|
|Total||||2,123,072|475,917|36,613|2,635,602|3,110,708|
|NET INCOME/(EXPENDITURE)||||1,148,603|15,260|(36,613)|1,127,250|871,611|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought|forward|||2,837,732|51,458|6,124,215|9,013,405|8,141,794|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||3,986,335|66,718|6,087,602|10,140,655|9,013,405|





## 

## 

|||Bala<br>s~lA|nce Sheet<br>r sass||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes||f||f|f|
|FIXEDASSETS|||||||
|Tangible assets|11|25,188||6,087,602|6,112,790|7,795,829|
|CURRENT ASSETS|||||||
|Debtors|12|174,915|65,909||240,824|214,212|
|Cash at bank and in hand||4,186,550|98,902||4,285,452|1,457,587|
|||4,361,465|164,811||4,526,276|1,671,799|
|CREDITORS|||||||
|Amounts<br>falling due withm one year|13|(400,317)|(98,094)||(498,411)|(454,223)|
|NET CURRENT ASSETS||3,961,148|66,717||4,027,865|1,217,576|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||3,986,336|66,717|6,087,602|10,140,655|9,013,405|
|NET ASSETS||3,986,336|66,717|6,087,602|10,140,655|9,013,405|
|FUNDS|14||||||
|Unrestricted<br>funds|||||3,986,336|2,837,732|
|Restricted funds|||||66,717|51,458|
|Endowment<br>funds|||||6,087,602|6,124,215|
|TOTAL FUNDS|||||10,140,655|9,013,405|





## 

|||||for|the Year Ended|31Au ust 2022||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||Notes|||
|Cash Ilows from operating|activities|||||||
|Cash generated<br>from operations||||||(62,205)|1,097,447|
|Net cash (used in)/provided|by operating||activities|||(62,205)|1,097,447|
|Cash flows from investing|activities|||||||
|Purchase oftangible<br>fixed assets||||||(3,429)|(6,610)|
|Sale oftangible fixed assets||||||2,893,499||
|Net cash provided<br>by/(used|in) investing||activities|||2,890,070|(6,610)|
|Change in cash and cash equivalents||in|the|||||
|reporting<br>period||||||2,827,865|1,090,837|
|Cash and cash equivalents|at the beginning|||of||||
|the reporting<br>period||||||1,457,587|366,750|
|Cash and cash equivalents|at the end|ofthe||||||
|reporting<br>period||||||4,285,452|1,457,587|





## 

|RECONCILIATION<br>OFN|ET|INC|OME|TO NET CASH FLOW FROM OPER|ATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||8||
|Net income for the re ortia|gp|eriod|(<br>as|er tbe Statement ofFinancial Activities|)|1,127,250|871,611|
|Adjustments<br>for:||||||||
|Depreciation<br>charges||||||53,451|65,050|
|Profit on disposal offixed assets||||||(1,260,482)||
|Increase in debtors||||||(26,612)|(28,926)|
|Increase in creditors||||||44,188|189,712|
|Net cash (used in)/provided|by|operations||||(62,205)|1,097,447|



## 

||At 1/9/21|Cash flow|At 31/8/22|
|---|---|---|---|
||f|||
|Net cash||||
|Cash at bank and in hand|1,457,587|2,827,865|4,285,452|
||1,457,587|2,827,865|4,285,452|
|Total|1,457,587|2,827,865|4,285,452|





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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||||f|
|Donations|and Religious dues||||564,560|1,941,457|
|Gift aid|||||19,684|9,385|
||||||584,244|1,950,842|
|INCOME|FROM|CIIARITABLE|ACTIVITIES||||
||||||2022|2021|
||||Acnidty|||f|
|School &|Nursery|Fee Income|Schools|operations|1,484,102|1,345,524|
|School Other Income|||Schools|operations|83,139|53,872|
|School &|Nursery|Fee Income|Nursery|Operations|129,333|123,295|
|Grant - DFID|||DFID||213,522|182,324|
||||||1,910,096|1,705,015|





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|||||Grant|||
|---|---|---|---|---|---|---|
|||||funding of|||
|||||activities|Support||
||||Direct|(see note|costs (see||
||||Costs|5)|note 6)|Totals|
|Schools operations|||1,442,601|||1,442,601|
|Grants and Donations||||534,986||534,986|
|Supportcosts|||68,527||275,223|343,750|
|Nursery<br>Operations|||99,765|||99,765|
|DFID|||214,500|||214,500|
||||1,825,393|534,986|275,223|2,635,602|
|GRANTS PAYABLE|||||||
||||||2022|2021|
|Grants and Donations|||||534,986|1,041,756|
|The total grants paid|to|institutions|during the year were f496,696(2021 -|f984,293)|||
|SUPPORT COSTS|||||||
||||Management|Finance|Other|Totals|
|||||f|||
|Supportcosts|||255,145|(26,759)|46,837|275,223|
|Support costs, mcluded||in the above, are as follows:|||||
|Management|||||||
||||||2022|2021|
||||||Support|Total|
||||||costs|activities|
|Wages k.salaries - Foundation|||||171,843|155,323|
|Rates and water|||||1,620|76|
|Light and heat|||||3,858|4,780|
|Telephone|||||419|297|
|Postage and stationery|||||22|407|
|Travelling|||||3,061|3,369|
|Sundries|||||266|593|
|Accountancy<br>fees|||||9,613|22,200|
|Publication<br>expenses|||||13,421|16,172|
|Repairs a Maintenance|||||540|1,213|
|Subscriptions|||||4,924|4,181|
|Subsistence|||||106|438|
|Advertising|||||10,659|8,205|
|Book keeping fees|||||15,000|20,000|
|Legal &professional|fees||||15,922|20,270|
|Carried forward|||||251,274|257,524|





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|||2022|2021|
|---|---|---|---|
|||Support|Total|
|||costs|activities|
|Brought forward||251,274|257,524|
|Cleaning||3,871|2,861|
|||255,145|260,385|
|Finance||||
|||2022|2021|
|||Support|Total|
|||costs|activities|
|||f||
|Bank charges||1,745|2,000|
|Foreign exchange loss/(gains)||(28,504)|23,691|
|||(26,759)|25,691|
|Other||||
|||2022|2021|
|||Support|Total|
|||costs|activities|
||||f|
|Depreciation oftangible|fixed assets|46,837|59,708|



## 

## 

|The total wages and salaries for the year was as foll|ows||
|---|---|---|
||31/08/22|31/08/21|
|Foundation|211,496|212,884|
|Mosque|25,115|7,300|
|School|1,140,559|1,195,818|
|Nursery|91,360|83,663|
||1,468,530|1,499,664|





## 

## 

|STAFF COSTS - continued|STAFF COSTS - continued||||||||
|---|---|---|---|---|---|---|---|---|
|The average number ofemployees||during the year||was as|follows||||
||||||||31/08/22|31/08/21|
|Foundation|||||||15|15|
|Mosque|||||||3|3|
|School|||||||62|68|
|Nursery|||||||9|11|
||||||||89|97|
|There were 7 average number ofvolunteers|||during|the year.|||||
|No employees<br>received emoluments||in excess of860,000.|||||||
|COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES|||||||||
||||||Unrestricted|Restricted|Endowment|Total|
||||||funds|funds|fund|funds|
|||||||S|||
|INCOME AND ENDOWMENTS||FROM|||||||
|Donations<br>and legacies|||||1,353,712|597,130||1,950,842|
|Charitable<br>activities|||||||||
|Schools operations|||||1,399,396|||1,399,396|
|Nursery<br>Operations|||||123,295|||123,295|
|DFID||||||182,324||182,324|
|Other rncome|||||326,462|||326,462|
|Total|||||3,202,865|779,454||3,982,319|
|EXPENDITURE ON|||||||||
|Charitable<br>activities|||||||||
|Schools operations|||||1,390,653|||1,390,653|
|Grants and Donations|||||533,720|508,036||1,041,756|
|Supportcosts|||||332,845|8,950|36,613|378,408|
|Nursery<br>Operations|||||107,745|||107,745|
|DFID||||||192,146||192,146|
|Total|||||2,364,963|709,132|36,613|3,110,708|
|NET INCOME/(EXPENDITURE)|||||837,902|70,322|(36,613)|871,611|
|RECONCILIATION|OFFUNDS||||||||
|Total funds brought<br>forward|||||1,999,830|(18,864)|6,160,828|8,141,794|
|TOTAL FUNDS CARRIED FORWARD|||||2,837,732|51,458|6,124,215|9,013,405|





## 

## 


|INTANGIBLE FIXEDASSETS|||||Trademark|
|---|---|---|---|---|---|
|COST||||||
|At<br>1 September 2021 and 31August|2022||||3,450|
|AMORTISATION||||||
|At<br>1 September 2021 and 31 August|2022||||3,450|
|NET BOOK VALUE||||||
|At 31 August 2022||||||
|At 31 August 2021||||||
|TANGIBLE FIXEDASSETS||||||
||||Fixtures|||
||Freehold|School|and|Office||
||properties<br>f|Equipments|fittings|equipment|Totals|
|COST||||||
|At I September 2021|8,605,774|284,122|298,064|514,118|9,702,078|
|Additions|||1,440|1,989|3,429|
|Disposals|(1,728,306)||||(1,728,306)|
|At 31 August 2022|6,877,468|284,122|299,504|516,107|7,977,201|
|DEPRECIATION||||||
|At<br>1 September 2021|848,542|283,892|279,331|494,484|1,906,249|
|Charge for year|36,613|230|6,384|10,224|53,451|
|Eliminated<br>on disposal|(95,289)||||(95,289)|
|At 31 August 2022|789,866|284,122|285,715|504,708|1,864,411|
|NET BOOK VALUE||||||
|At 31 August 2022|6,087,602||13,789|11,399|6,112,790|
|At 31August 2021|7,757,232|230|18,733|19,634|7,795,829|



## 

|||2022|2021|
|---|---|---|---|
|||f||
|Trade debtors||26,668|61,191|
|Other debtors||44,628|21,378|
|Inter-funds<br>temporary|balances|81,201|32,897|
|Prepayments||22,418|21,377|
|Accrued income||65,909|77,369|
|||240,824|214,212|





## 

## 

## 

## 

|CREDITORS: AM|OUNTS FALLING DUE WITH|IN ONE YEAR|||
|---|---|---|---|---|
||||2022|2021|
|Trade creditors|||64,938|83,526|
|Social security<br>and other taxes|||19,611|21,029|
|Other creditors|||10,936|8,283|
|Nursery<br>deposits|||5,400|5,400|
|Wages k. Salaries||||(48)|
|Inter fund ALKW|||(2,654)|(47,509)|
|Inter fund DFID|||137,547|80,406|
|Inter fund SADAAT|||(53,692)||
|Deferred income|||276,725|280,936|
|Accrued expenses|||39,600|22,200|
||||498,411|454,223|
|MOVEMENT IN FUNDS|||||
||||Net||
||||movement|At|
|||At 1/9/21|in funds|31/8/22|
||||f||
|Unrestricted<br>funds|||||
|General Fund||2,598,865|1,055,799|3,654,664|
|Khums Sehem Imam||238,867|92,805|331,672|
|||2,837,732|1,148,604|3,986,336|
|Restricted funds|||||
|Khums Sehem Sadaat|||53,692|53,692|
|Al-Kawthar/Orphans|a Wtdows|48,386|(37,455)|10,931|
|DFID Fund||3,072|(978)|2,094|
|||51,458|15,259|66,717|
|Endowment<br>funds|||||
|Endowment<br>Fund||6,124,215|(36,613)|6,087,602|
|TOTAL FUNDS||9,013,405|1,127,250|10,140,655|





## 

## 

## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended<br>f|in funds|
|Unrestricted<br>funds||||||
|General Fund|||3,178,870|(2,123,071)|1,055,799|
|Khums Sehem Imam|||92,805||92,805|
||||3,271,675|(2,123,071)|1,148,604|
|Restricted funds||||||
|Khums Sehem Sadaat|||92,805|(39,113)|53,692|
|Al-Kawthar/Orphans|&Widows||184,850|(222,305)|(37,455)|
|DFID Fund|||213,522|(214,500)|(978)|
||||491,177|(475,918)|15,259|
|Endowment<br>funds||||||
|Endowment<br>Fund||||(36,613)|(36,613)|
|TOTALFUNDS|||3,762.852|(2,635,602)|1,127,250|
|Comparatives<br>for movement||in funds||||
|||||Net||
|||||movement|At|
||||At 1/9/20|in funds|31/S/21|
|||||f||
|Unrestricted<br>funds||||||
|General Fund|||1,842,193|756,672|2,598,865|
|Khums Sehem Imam|||157,637|81,230|238,867|
||||1,999,830|837,902|2,837,732|
|Restricted<br>funds||||||
|Al-Kawthar/Orphans|&Widows||(31,759)|80,145|48,386|
|DFID Fund|||12,895|(9,823)|3,072|
||||(18,864)|70,322|51,458|
|Endowment<br>funds||||||
|Endowment<br>Fund|||6,160,828|(36,613)|6,124,215|
|TOTALFUNDS|||8,141,794|871,611|9,013,405|





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## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources<br>f|expended|in funds|
|Unrestricted<br>funds||||||
|General Fund|||2,894,693|(2,138,021)|756,672|
|Khums Sehem Imam|||308,172|(226,942)|81,230|
||||3,202,865|(2,364,963)|837,902|
|Restricted funds||||||
|Khums Sehem Sadaat|||308,172|(308,172)||
|Al-Kawthar/Orphans|&|Widows|288,959|(208,814)|80,145|
|DFID Fund|||182,323|(192,146)|(9,823)|
||||779,454|(709,132)|70,322|
|Endowment<br>funds||||||
|Endowment<br>Fund||||(36,613)|(36,613)|
|TOTALFUNDS|||3,982,319|(3,110,708)|871,611|
|A current year 12months||and prior year 12months combined|position is as follows:|||
|||||Net||
|||||movement|At|
||||At 1/9/20|in funds|31/8/22|
||||f|||
|Unrestricted<br>funds||||||
|General Fund|||1,842,193|1,812,471|3,654,664|
|Khums Sehem Imam|||157,637|174,035|331,672|
||||1,999,830|1,986,506|3,986,336|
|Restricted funds||||||
|Khums Sehem Sadaat||||53,692|53,692|
|Al-Kawthar/Orphans|k Widows||(31,759)|42,690|10,931|
|DFID Fund|||12,895|(10,801)|2,094|
||||(18,864)|85,581|66,717|
|Endowment<br>funds||||||
|Endowment<br>Fund|||6,160,828|(73,226)|6,087,602|
|TOTALFUNDS|||8,141,794|1,998,861|10,140,655|





## 

## 

## 

|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||fr|||
|Unrestricted<br>funds|||||
|General Fund||6,073,563|(4,261,092)|1,812,471|
|Khums Sehem Imam||400,977|(226,942)|174,035|
|||6,474,540|(4,488,034)|1,986,506|
|Restricted funds|||||
|Khums Sehem Sadaat||400,977|(347,285)|53,692|
|Al-Kawthar/Orphans|/k Widows|473,809|(431,119)|42,690|
|DFID Fund||395,845|(406,646)|(10,801)|
|||1,270,631|(1,185,050)|85,581|
|Endowment<br>funds|||||
|Endowment<br>Fund|||(73,226)|(73,226)|
|TOTALFUNDS||7,745,171|(5,746,310)|1,998,861|



## 

## 



## 

|Detailed Statement of <br>for the Year Ended|Financial Activities<br> 31Au<br>ust 2022||
|---|---|---|
||2022|2021|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Donations<br>and Religious dues|564,560|1,941,457|
|Gift aid|19,684|9,385|
||584,244|1,950,842|
|Charitable<br>activities|||
|School &Nursery Fee Income|1,613,435|1,468,819|
|School Other Income|83,139|53,872|
|Grant - DFID|213,522|182,324|
||1,910,096|1,705,015|
|Other income|||
|Gain on sale oftangible fixed assets|1,260,482||
|Other income|8,030|326,462|
||1,268,512|326,462|
|Total incoming<br>resources|3,762,852|3,982,319|
|EXPENDITURE|||
|Charitable<br>activities|||
|Misc school expenses|47,431|25,131|
|Printing<br>postage &stationery|18,405|6,840|
|Light and heat|56,637|23,355|
|Transport<br>and travel|582|116|
|Telephone|7,180|6,241|
|Rates|20,020|17,835|
|Repairs &Maintenance|23,041|15,291|
|Legal &Professional|4,199|2,460|
|Wages &salaries - School|1,140,559|1,195,818|
|Bank charges and interest|1,384|1,937|
|Depreciation|6,614|5,341|
|Cleamng|7,662|2,370|
|Insurance|25,997|27,465|
|StaffTraining|14,934|14,491|
|Misc nursery<br>expenses|5,605|21,282|
|Wages &Salaries<br>—Nursery|91,360|83,663|
|Subscription|16,603|13,660|
|School meal - expenses|42,665|19,657|
|Saturday<br>school expenses|41,310|25,212|
|Wages and salaries - DFID|64,768|64,822|
|Travelling - DFID|33,004|600|
|Legal &prof. fees - DFID|58,360|68,610|
|Carried forward|1,728,320|1,642,197|





## 

## 

|||for the Year Ende|d 31Au<br>ust 2022||
|---|---|---|---|---|
||||2022|2021|
|Charitable<br>activities|||||
|Brought forward|||1,728,320|1,642,197|
|Swansea Mosque expenses|||9,607|5,239|
|Sermon food|||29,098|17,618|
|Iraq Expenses - DFID|||58,368|48,219|
|NPAC - DFID||||9,895|
|Donations<br>to institutions|||496,696|984,294|
|Donation<br>payments|||38,290|57,462|
||||2,360,379|2,764,924|
|Support costs|||||
|Management|||||
|Wages a salaries|—Foundation||171,843|155,323|
|Rates and water|||1,620|76|
|Light and heat|||3,858|4,780|
|Telephone|||419|297|
|Postage and stationery|||22|407|
|Travelling|||3,061|3,369|
|Sundries|||266|593|
|Accountancy<br>fees|||9,613|22,200|
|Publication<br>expenses|||13,421|16,172|
|Repairs a Maintenance|||540|1,213|
|Subscriptions|||4,924|4,181|
|Subsistence|||106|438|
|Advertising|||10,659|8,205|
|Book keeping fees|||15,000|20,000|
|Legal &professional||fees|15,922|20,270|
|Cleaning|||3,871|2,861|
||||255,145|260,385|
|Finance|||||
|Bank charges|||1,745|2,000|
|Foreign exchange|loss/(gains)||(28,504)|23,691|
||||(26,759)|25,691|
|Other|||||
|Freehold property|||36,613|48,711|
|Fixtures and fittings|||10,224|10,997|
||||46,837|59,708|
|Total resources expended|||2,635,602|3,110,708|
|Net income|||1,127,250|871,611|