REGISTERED CHAIUTY DIUMBER: 1041977 Report of the Tru8tees and Uiifiudlted FkDAn¢ial Statements for the Year Elided 31 JaiillAry 2024 foi. Islanlie Centre Upton Park
Islaniie Ceiilro Upton Park CoIilents of tlie FinaiiciAI Statemeiits roy tlie Year Elided 31 Jaiiuary 2024 PAge Report of the Trustees liidepeiideiit EXanller'S Repoi't Stat¢iueiit of Fijianclal Activities Balaiice Slieet Notes to tlie FÈDAllciAI Stat¢iiieiitS 8 to 13 DetAlled Statement of fiMAnclal Ac¢ivltles 14 to 15
IslAinie Ceiitre Uptom PRI'k Reyoi't of Ilie Ti'ustees foy Ilie Year Li iided 31 January 2024 The tt'uslees present their report ivith IIie fllMncial StlmitS of the clrity for ilie year ended 31 Januaiy 2024. Tl)e liwslees liave adopied the provisions of Accounting and Rq)ortiDg by Charities: Stalcmcnt of Rccoiimiciidcd PIMclice &i)plicg4ble to charities pirparii)g their accow]Is in accordance with the Financial Reporting Standard appli¢able in the UK artd Republic of IrelaAKI (FRS 102) (etfective l January 2019). Hisloiy of th¢ Cen Alihough The Islamic Centr¢ Upton Park ivas registered as a charity in 1994 the actual mosque w8s establislied ov¢r 46 years ago. The Inaiii purpose at the time Wds to provide a place for con'egatiO1lal piayei lllcludiiig Jumnuh (Friday) pi'aycr and religious Classes for MusliiD childreii. It is recognised a5 01 of tlie first Mosques in Neivliam. Il conuiienced iii 1974 fiY)ni Ilke prop¢ity al iiumbei. 72 Seliiqi Road atid ivas very popular, al that time il was attided fi'oni a wider geoglaphical local area by atlei)dees due to b¢ing olle of tlie first i]M)sques the area. Over tile yeaii the site of tlie mosque lias grown, with Ibe elbour]ng building al nuniber 74 Ixing added to the niosque alld theLI the fuTthei- addition of number 70 beiiig secured in. The Centre is still popular today with our masjid Islai)]ic educalioii cle5. OBJCI cfIv£i S AND ACTIVITtES Objeedves aliils Tlie objectives of the Ceiitre 'e tlie enhallcement of Islamic ideology in accordance ivith the Quratk and A-hadith in Ilie localily dial falls witliin the bound5 of Mosque. It Also ain)s lo provide recreational facilities to the young and the elderly lli the inleresl of social Ivelfare with the object of iiw)rovii)g tlie quality of life for such p30115. Page I
IslAittie Centre Upton Park Repoi't of tlie Ti'iistees ror the Year Knded 31 Jallury 2024 OBJEcfivri S AND ACTIVITIES Revlciv of acliyitles Tlie cenliE's incollie arises from f¢¢s awl donations. The executive comnuttee is responsible for the day to day maiYdgem¢nt of financial and operalionol matters. The Islaiiiic centre Uplon Pai'k serves as a place of ivorship for local residents and visitors to the area. We provide daily Cn'egati0vIaI facilities al pIayers five times a day, regular education cla&8¢s for chtldren attd aduli courses foi. IilRI¢ and feniale Muslim ivoi'sbippers. Ivhicli are focused on the Qui?n 2nd an 1518mic ivdy of life. We einploy two full-liiiie Imai:.)s ivho ilnpart valuable Islalliic kI}vledge lo our congregalion oil society, values aiid keepiiig good relaltonships WIIII YOUL llekglibours. Our core pl1rse is lo proiiiole the i'eligiort of Islan). AlonE Iviih the centr¢ pi'ovidiiig facililies for congregational pl'ayers, education and perfoi'ming maffiage cerenM)nies (Iiikkab), the centre also provides a coiilliiunily Ycsouitc foi. other religious, cducalioilal, social and cultural iieeds. We focus on Ilie ied$ of the youiig, women, eldei-ly aiid the local ommunity in gellei?l. Tlje cenli'e also woi'ks Alongside oiha. local conYiiwiitÉes for grea?eT undetstanding, han)K)))y and positive interaction to coiikibute to a liam)oniou8 and n)ulticultural local neiglibourhood eoviromiKiil. Muslim parcnls who send theiT children to our daily eveiiing classes ate very appreciative of the religious education we pi'ovide. We have in the regioll of 400 students 5tudyinE for tsvo hours every weekday eveiiillg. We also proi'ide weekend Classes for adults and overlloiv das8es for children who cannot be adinilted to the iveekday classes, demaiid for places is higb and ive accommodale this as as po&siblc. Tlie niaiiaBeiiient colllliiittee net$ on a regular basis to discuss and review the affaii's alld tlie busiiiess of tjie Ceiili'e. Tlie board also lios ali Aiii)ual Gley41 Meeting in ivliich Liienibers of the executive coi))iiiilt¢e discuss all aspccts of tlie centre with our niel)erS and the coiigregatioii in dethil. ReaT Exlensioi) aiid RefithishnieRt The Islamic caitre Upton Park lias been going Ihrougli a IMajor extension at the rear of the building and a siwiific8nl refiirbis])ftieiil programnie ivliieh wvers the entire sile. The plan also includes connecting developii)E nunikr 70 as Ivell as nuiiiber 72-74 Selivyn Road. The constrnction work began in December 2017 atml has eonlinued duriiig tl)is accouiiling period. Tlie initial eoi)struclioii ivoffks esliii)ate ivas In the region of £1.3 millioii. after Ihe ivork comm¢nced a furtlier estimate proj¢¢t¢d that cosls ivould increase by 20 nlore than the iiiitial estinte. We had previously a&8igned Gems Coiislruclioii to carry Oilt the ivorks and paid circa £160k lo theni bul unfortu]telY our rel&tioiiship ivtth Geiits l)ad to cease due lo tl)e project 5)ol pi'ogressing satisfa¢lorily. Iii Deceniber 2018 Ive appoiiiled UKPF construction lo restart the PTojecl aiid mak¢ adjustniei)ts ai)d alterations to Ilie Ivoik whicli Iiad bcen catY&ed out by the previous contractor4 this ivas lo adhere to Il)e origuial plai)s buildiiig regulation i'eouirenients. Tlie aeed cost of tlie project wilh UKPF is circa £1.8 million ivtili an e51imated time of 18 Inontlis from coii)Inencenici)t iii oi'd¢i' to coiiiplete the entire butld and refvrbiSliellt, subject lo all of Ilie fuiiding beii)g iii place. The dclays iii t1 pi'oject. Ivliicl) included securing all of IIK fundiihg and Iiaving lo change coiitra¢lor, alollE Ivlth the llicrcasiiig costs of nterIalS siiice tlie Coyid paiideiiiic. have unfortunately led lo t1 eslinthled Cost of tlie proje¢l iticreasing siii¢e Deceiiiber 2017. More i'eceiiily siiice 2023 onivards, althoug]I t])e process nmy seem SI0, progre&s has been n)&de bel)ii)d Ihe scene5. Tliere iyere many leEacy niatters lo Tesolves in relation lo plaiis, ei)gineers. designs and c(Milraclors. Several meeting5 were Iield iviih UKPF lo discuss tl)e of the project after ivbicli tIie Manageiilenl Con)niiltee decided to e¢&se its dealings iviili UKPF folloiviiig request for addiiional ftiiids ivlill tlie projcct was Iialicd. UKPF l)ave siiice reiiioved all sigiiagc from Ilie sile And are no longer in regular conlliiunicalion ivitl) Ilie Maiiagenieiit Conmliltee. Management con1)11tee ciirreiiily liaising iviili a iieiv set of Contracto as well as fii)alising fii)al details iviili ai'cliitects, engii)eers and desi7 teaiiis to coiilinuc progress of d)e build. There liave beeii several redesigils Y¢quired to meet regulations wl)icli requiTed re8ulalory appmval frthi) ali autliorised body. Tl)e project is noiv at a stage wliere fairly sooii 11)e detailed plans can b¢ s¢nl of its building control for approval and t1 woject lo be re piiced ai)d agreed before WOL can coini)iettee Voluntary doiiations AThd interest free loans provided by (he Ial eoii]niunity and froin further afield l)ave played aiid Ivill play a key part towards fsnancing the project. Page 2
Islamic Centre Upton Park
Report of the Trustees for the Year Ended 31 January 2024
OBJECTIVES AND ACTIVITIES
In terms of financing the project, we started with circa £430k in our resources prior to the commencement of the project and in the first year (2018) we received significant donations from our local community and wider donors, however this has mainly all been used. In 2019 a smaller amount of donations was received in comparison to the first year. Since the project has been halted, regular donations have continued although at lower values which has allowed a build-up of further reserves. We anticipate the cash in hand at the moment is sufficient to allow continuation of the building project however, current reserves will only allow completion of part of the project therefore there will be a fundraising taking place, to help secure funding needed to complete construction of the site in line with our published plans. The project once it re commences will be phased in to different stages to manage cash flow.
Were all of the funding is secured, our expected completion date for the remaining build and refurbishment programme is 12 months from commencement of work, however due to the current shortfall in our required funds the timescale for completion is likely to slip further into the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Islamic Centre Upton Park was established in 1994 by a Constitution document which sets out the aims and objectives of the Centre.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1041977
Principal address
70-74 Selwyn Road Upton Park London E13 0PY
Trustees
I Patel I Zinga R Patel S Mala
Independent Examiner
KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane London E7 9PA
Management Committee Members:
Mr Yakub Patel Mr Yusuf Bhaiyah Mr Yunus Patel Mr Arif Master Mr Aziz Esa Mr Siraj Patel Mr Sameer Nawab Mr Yashir Nawab Mr Nasir Patel Mr Ameen Zinga Mr Sajid Nawab Mr Tahir Patel
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IdAmio Cttttr¢ Up¢on Pirk Rtyort ¥Jftbe Tr1(¢ ror the Yelr knded 31 Jin•ry 2024 App ei- f IIK h[d 29 Noothr 21)24 1ts1 #i8n>J on its beh¢by. To/3fjl pRfEL
Independellt Exa1InerIS Report to tlie Trustees or Islmllde Centi'e Uptoii PAI'II Independèiit ei#mliTrer's i'eport to tlie trnstees of IslAmle Ceiiliy Upton Park I repoi1 to tbe charity Inistecs on my examinalion of tlie accoullts of Islamic Centre Upton Park (the Timst) for the ye8r ¢Dd¢d 31 January 2024. Respoiislbllliles Aiid bASiS of report As tlie Charity twsl¢¢s of tlie Trnst you aye respoJ)sible for the preparation of t[ #ccounls in accordance with the requirements of the Charities Act 2011 ('the Act). I r¢port in i'espect of iiiy eXa1InatiOn of the Trusvs accounts carried out under Section 145 of Ibe Act at]d in carrying out my ex&nillaltoii I bave followed all applitrdble Directions given by die Charity Cominissioii UiKler Seciion 145(5)(b) of 11)e Act. liidepeiideiit exailliner's stalenient I l)ave coiiipleted iiiy exaMii]2tion. I confimi that iio malerR81 matters have COLlle to my attention in cotmedion Nvith Ihe exanwiiatioll giviiig me cause to believe tllat in any Iatl81 r¢speet: accounting record5 Ivere iiot kept iii respect of the Trusl as requird by Section 130 of Ilie Act. or the accounts do not accord ivitli those records. or the accounts do RWt coiwily with t1 applicable requirements cot]ceming the fomi and content of aceoullts set out ii) the Charities (Aeeounts and Reports) Regulalioiis 2008 oth- thali any requirement that the aecowits give a ue fair view Ivlll¢& ig Jiot a ll11¢r considered as part of illdepeiideiil exai)1inalioi). I liave llo coJ)cerns and have come across iio other niatters in conrLectioll with tbe exai]]ination to whicli atteiilioll sliould be di'al1 in Ihis report in order to enable & proper widetsthnding of the accounts to be reached. SalinL KtNSON Cliarteied Certified Aecountants & Slatulory Audi(ors 43 Uplon Laiie Loiidoii E7 9PA 29 November 2024 Page 5
Isknuiic Cellti'e Uploll Park Statelneiit of FliiAiiclal Ae¢lvltles lor tbe YtAI' Ettded 31 Janu%ry 2Q24 31.1.24 Total fuThJs 31.1.23 Total funds urStriCted nd Restricted Noles INCOME AND ENDOWMEDrrs FROM DOItio1 alld legacies 111,894 111,894 138,447 Other Iradiii£ activilies 97.528 97,528 120.414 TotAI 209.422 209,422 258,861 I XPENDITURE ON Raising fullds 144,652 144,652 154240 NET INCOME 64.770 64,770 104.621 RECONCILtATION OF FUNDS Total thnds biDugbi fonvard 1,638,330 1.932 1,640,262 1,535,641 TOTAL FUDIDS CARRIED FORWARD 1,703,10(1 1,932 1,705,032 1,640,262 The i)otes fomi part of these 6]lICI81 statements Page 6
Cewttt Upl• Prk JA J••ryl JI 1.24 31.123 FIXKI) A&sirrs TAiiziblc 1354J07 1312.748 CVIUIENf ASSKTS 129 60J.2Si Cth ai •Thd In l•d 4501 JIO CRFIIITORS f•llJn¢ Milwi {10.1SS) (i.ow) S)23 601.014 TOTAL Assrfs CURRFNr UANII.ITtFS 145.OJ2 l J13.162 CREDITORS fAl110i duc •tler thirt otheyr (14000) (1?3JlyJ) I.705lJ32 1ffi40.262 FUNDS ihuekncied fundj 1.703.100 1.932 1.631J30 1.9J2 TOTALFUNDS 1.705.032 1.640.262 The I¢1 amirfftd by Iho Board of The4 •fftd for •1129 Nornl)v 2024 ANI Th¢ frym pirt ofibe% firAnci•l *Jlvwi P•g¢ 7
Islailllc Ceiitre Uploii Park Notes to the FiiiAnci&l Stlltemeiils (oi. tlie Yelli. Elided 31 JanuRry 2024 ACCOUNTING POLICIES Basis ofpi'epji'lng tlie tlnan¢iAI $tAtellnts Tlie fjnancial stsleiiienis of the ¢l)arity. wltich is a public benefil entity under FRS 102, havc bccn ppal'¢d in oi'dancc iviih Ihc Ch81'ities SORP (FRS 102) 'Accounting and Reporting by Charities.. Sthieiiienc of Rccoi]lllieiidcd Praclicc &pplicable lo charitie5 preparirtg tlieir accounts in a¢¢oi'dan¢e iviili the Finaiicial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting SL1ndard 102 The Fin8nc121 Repoi'tillg Standard applicable in tlie UK aiid Republic of ITcland' and tlie c]rIti Act 2011. The fillancial s(alem¢nts Ive bcthi prepared undei. the hislorieal cost coiivenlion. liieome All iiicome is recognised it] the Sthtement of Finallcial Activities once Ihe clrity lias enliileiiient to the nds, it is probable that itrte income ivill be received a1 the alliount Can be n]easvred reliably. I xpeiidltui Liabilities are reCognid as Cxpelldi[C as soon as there is 8 Eegal or eojislructive obligatioii coli11111ng the chai'&ty to that cxpenditui'e, it is probable tliat a trasfer of ecoiiomic bell¢fits iv&ll be icquired in settlcinent ai tbe liOUnt of the obligatioii c8n be measured reliably. Expellditure 18 accounted for oil ali accalS basis and Ilas be1 classifled under Iicadings that aggregate all cost related to tlie category. Wl)ere costs C)01 be directly alh'ibuted to particular headin8S tliey have beell allocated io activities on a basi5 consistent iviih the use of resources. Tlliigible flxed Assets Depi'ecialion is wovided at the following rates in order to writ¢ off each asset ovei. ils esliinated usefjjl life, Plallt and Mochinery- I/0 straight lin¢ method Fixture and Fittings - 33.33 0/0 Straiglit line llthod Tax&tlo Tl)e cl)arity is exen)pt from tax i>n its charitabl¢ activitie& ri #eeouiitlng Unrestticted fiwds cali b¢ used in accordance ivitli the chaiitabl¢ objKliv&% at the discirtton of the twslees. Restricted funds cai) only be used for partieular restricted PuTse$ iviilitn the objecls of the charity. Resli'iclions arise ivhen specified by the doiior or ivhen funds are i?ised for particular reslri¢led purposes. Further explai110n of Ihe nature and puqx)se of each fuftd is induded in the notes to th¢ fillaila1 Stalen18. Peiisloii costs 4iid otlier p05t-reilrement beiiefjts Tl)e charity opei'ate5 a defined contribulion pei)sion schenie. Co¥Jts'ibulions payable lo Ihe chlli'iws pei)SiOI) 8clienK are cli8Yged to the Stateineiii of Financial Activities in the period lo ivhich Ihey iElale. Page 8 coiilinued...
Isllljnlc Celltrt Uptoii PA YII Notes to tlie rtlnanciAI Stateitteiils- contlllued foi. the Year EJ)ded 31 JAiiuAiy 2024 OTHER TRADING AcrJvii'iES 31.1.24 31.&.23 Tuition Fees Book and other Sale Meillbersliip Otliei. income 91.328 106,844 3,701 6,300 3,569 6,200 97528 120,414 RAISING Fuf4DS Ralsliig doiiAtÉolls and legacies 3l.1.24 31.1.23 St#ft costs I1Urallee Liglil and heat Sutidries Books aiid receiver Walcr Rates Repairs aijd Maintenance Studcnt prizes Coillputer and IT expenses Cleanin£ expenses Staff ii'aining Depiecialion Support costs 123.679 2,236 4,346 118,432 1,910 500 300 3,085 295 3,537 4,128 1,208 3,OCH) 1,503 3,458 1,735 579 62 105 ioi 3,848 367 20,478 144,652 154,240 TRUSTEI Ei Sl REluNERATIoN AND BENEFITS There ivere no Inlees, renwnerdtion or other benefits for the year ended 31 January 2024 1)oY for tlie yeai. ejided 31 Jlury 2023. Trustees, expenses There were no trte, expenses paid for the year ended 31 January 2024 now for the yeay ended 31 J8nuary 2023. Page 9 contiiiued..
Islainit Celltre Upton Park Notes to tlie fili)Ancilll StateiiieElts- coiitiiiued foi. the YeAr Elided 31 Januai'y 2024 TANGIBLE rED ASSKTS Improvements lo property Fixttues and rittit Fehofld property Plant and chinery Totals COST Ai l February 2023 Additions 164,0(X) 1.048.647 41.860 19.311 39,193 1,271.151 41,860 At 31 January 2024 164.000 1,090,507 19.311 39,193 1,313,011 DEPRECIATION Ai l February 2023 Charg¢ for year 19Jll 39.092 ioi 58,403 ioi Al 31 January 2024 19,311 39,193 58,504 NKT BOOK VALU£ Ai 31 January 2024 l(A,000 1,090,507 1,254,507 Ai 31 January 2023 I64,0 1.048,647 ioi ,212,748 DEBTORS: AMOUNTS FALtJNG DUE WITHIN ONE YEAR 31.1.24 31.1.23 Other debtors 129 CREDITORS: AMOUi%TS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.23 Trade ciedilors SocÉal security atyl other 18X£8 Accouiltaticy Accruals and derTed income 1,868 600 8,386 780 300 10,855 1,080 Page 10 eoi)tjllued...
Islainlc Cejitre Uptoii Pork Notes to tlie FiiiRncial Statciiicnls- eontillued for tlie Year £1 llded 31 J*iiuaiy 2024 CREDITORS: AMOUNTS rtALLING DUE AFfER MORE THAN ONE YEAR 31.1.24 31.1.23 Oth¢i' loans (see note 9) 140,000 173,500 LOANS An analysis of the nutwity of loa5 is given below. 31.1.24 31.1.23 Amoullls falliiig due in more than five years: Repayable oiheiivise than by iDsl8lnRnts: Interest Fl'ee Loan- QEH 140,DOO 173,500 io. Af4ALYSIS OF NET A&SETS BETWEEN FUNDS 31.1.24 Total ,1}dS 31.1.23 Total fiwds Unresli"icled fund Rests'i¢ted fund Fixed assets irreJ)l assets Cwrent liabilities Long tem) liabilities 1,254,507 599.448 (10,855) (140.000) 1,254,507 601.380 (10.855) (140,000} 1,212,748 602,094 (1,080) {173.500) ,932 1,703.1 1.932 1,705,032 1,640,262 ii. MOVEMENT IN fiUI4DS Net moveiTrient iii fwids At 31.1.24 Ai 1.2.23 Uiiresti'ieted fvnds Geiieral fiuid 1,638J30 64,770 1,703,100 Resti4eted luiids Restricted FUIKI 1,932 1,932 TOTAL FUNDS 1,640,262 64.770 1,705,032 Net rnoveiiient in funds, included in the aknve are as folloivs: Incoming resou Resources expeiided Moveiiienl in fuiids Uiirestrieted funds General fund 209.422 (144.652) 64,770 TOTAL FUNDS 209,422 (144,652) 64,770 Pagell Collliiiued...
Islamle Ceiitre Uptoll Pai'k Notes to tlie fijiiancifil StatemeiitS- Colltliiued for Ilie Year Ellded 31 JanuA Yy 2024 ii. MOVETrILI Drf IN fi UIYDS - conliuued CompnrAtives for movement In funds Nel Inoveii)enl ill fullds Al 31.1.23 At 1.2.22 Uiivestricted funds Gcncral nd 1,533,709 104,621 1,638,330 Resti4eted fuiidg Resti'icted Fuiid 1,932 1,932 I'OTAL FUNDS 1.535,641 104,621 1,640.262 Coinpai'ativ¢ llet tTh)vetnent in fiu&ds, included ij) the above Ore 8s follow5: Inconiillg resources Resouiies exped Moveilleiit ill fuiids Ullrosti'ictcd futsds G¢eal fund 258,861 (154,240) 104.621 TOTAL FUNDS 258,861 (154.240) 104,621 A CWTellt year 12 monihs and prlor year 12 months combied position is as folloivs: Nel movement in fwids At 31.1.24 At 1.2.22 Uiireslrlcted funds Gellcral fillid 1,533.709 169.391 1,703,100 Reslrlcted fuiids Restricted Fluid ,932 ,932 TOTAL FUNDS 1,535,641 169,391 1.705,032 A Currertl year 12 monihs and prior year 12 iiionihs conthined net movement iii fiMid4 liluded iii Ili¢ above are as folloivs.. Incoimiihg resourc£8 Resources expended Moveiii¢iit in thnds Uiii'cstricted fuiLds General fillid 468,283 (298,892) 169.391 TOTAL fiUNDS 468,283 (298,892) 169.391 Page 12 coiitinued...
Isllliiiic Ceiltre Upton PAI'k Not¢s lo tho fiiiiRncial Statell1$- coiitlllued f(Ir tlie Ye*i' Ci llded 31 JRnuAry 2024 12. RELATED PARTY DISCLOSURES Tliete w¢Ke no related party ttBnsactions for the year ended 31 Jamwy 2024. Page 13
Islaiiric Centi'e Upttsii Park Detalled Stateikient of liliiAIicIAI Aclivfitles foi. tlie Yeai. Elided 31 JaiiuAiy 2024 31.1.24 31.1.23 INCOM£1 AND ENDOWMENTS DoiiAtloiis and legaeies G&fts Donations 111,894 138,446 111,894 138,447 Ollier trAdiiig a¢llvitie5 Tuition Fees Book alid oiher Sale Mcmbership Otlier ittcon 9E,328 106,844 3.701 6.300 3,569 6200 97,528 120,414 Total Inconiliig resour¢es 209,422 258.861 EXPENDITURE RAising doiialious aiid legaeieg Wages Pei)sioiis lllsuranee Light and lieat Suiidlkes B(K)ks alld receiver Watei. Rates Repaiis and Mailltellance Student pi'tzes Conipiilei. aiid IT expenses Cleaiiing expenses Siaff tt'aiiiing Fixtures and fittings 123.124 555 2,236 4,346 118,432 1,910 500 300 3,085 295 3,537 4,128 1,208 3,000 1,503 3,458 1,735 579 62 105 101 367 140,804 133.762 Supyoi't costs Maiiageiikellt T¢lephoiie ststionery 900 985 601 1,076 1,885 ,677 FlnAn¢t Bank chaiEes 1,663 1,124 GovernAnce costs Ac¢ouiilancy Cayried fonvard 300 300 300 300 Tliis pagc docs not fotm paTt of the sthlulory finaiicial statements Page 14
Isla1le Ceiitre Uptoii Pai'k Detailed Slatenienl of Financial Activities foy tlie Yeai. Ended 31 JAllUXI'y 2024 31.1.24 31.1.23 Covei'ILkll)ce cosls Bi'ought foiTh¥ai DBS Designer Engineer Fees Motoi. Expense 300 44 17,153 180 300 17.677 Total resources expended 144,652 154,240 Net ineome 64,770 104,621 This page dS not fomi part of the stathtory financial statements Pag¢ 15