2022-12-31-accounts - Al-Quaim Islamic Mission

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

B~at ce Sheet
~31 D b 2022
				31.12.22	31.12.21
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes				f
FIXEDASSETS
Tangible assets	5	1,075,490		1,075,490	1,077,095
CURRENT ASSETS
Debtors Cash atbank and in hand	6	6,037 55,824		6,037 55,824	5,714 59,981
		61,861		61,861	65,695
CREDITORS
Amounts falling due within one year	7	(14,425)		(14,425)	(15,149)
NET CURRENT ASSETS		47,436		47,436	50,546
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,122,926		1,122,926	1,127,641
CREDITORS
Amounts falling due atter more than one year	8	(298,199)		(298,199)	(322,168)
NET ASSETS		824,727		824,727	805,473

INVE	STMENT INCOME
		31.12.22	31.12.21
Rents	received	12,290

31December 2021.
COMPARATIVES	FORTHE STATEMENT OFFINANCIAL ACTIVITIES
			Umestricted	Restricted	Total
			fund	funds	funds
					f,
INCOME AND ENDOWMENTS FROM
Donations and legacies			91,488		91,488
EXPENDITURE ON
Raising funds			5,042		5,042
Charitable activities
Masjid dr religious	gathering		47,730		47,730
Total			52,772		52,772
NET INCOME			38,716		38,716
RECONCILIATION		OF FUNDS
Total funds brought	forward		766,757		766,757

4.	COMPARAT	IVES FORTHE STATEMENT OFF	INANCIAL ACTIVITIES	-continued
			Unrestricted	Restricted	Total
			fund	fiunds	funds
					6
	TOTAL FUNDS CARRIED FORWARD		805,473		805,473
5.	TANGIBLE	FIXEDASSETS
			Freehold	Plant and
			property	machinery	Totals
				6
	COST
	At 1January	2022 and 31December 2022	1,070,674	29,573	1,100,247
	DEPRECIATION
	At 1January	2022		23,152	23,152
	Charge for year			1,605	1,605
	At 31December 2022			24,757	24,757
	NET BOOK	VALUE
	At 31December 2022		1)070,674	4,816	1,075,490
	At 31December 2021		1,070,674	6,421	1,077,095
6.	DEBTORS:	AMOUNTS FALLING DUE WITHIN	ONE YEAR
				31.12.22	31.12.21
	Other debtors			5,200	5,000
	Prepayments	snd accrued income		837	714
				6,037	5&714
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN OhlE YEAR
				31.12.22	31.12.21
				f
	Taxation and	social security		575	450
	Other creditors			13,850	14,699
				14,425	15,149

forth	eY arB ded31Dec er2	eY arB ded31Dec er2
8.	CREDITORS: AMOUNTS FALLING DUE AFTERMORE		THAN ONE	YEAR
				31.12.22	31.12.21
				f,
	Bank loans (see note 9)			298,199	322,168
9,	LOANS
	An analysis ofthe maturity ofloans is given below:
				31.12.22	31.12.21
					f,
	Amounts falling between one and	two years:
	Bank loans - 1-2years			28,869	24,869
	Amounts falling due between two	aud five years:
	Bank loans - 2-5 years			84,607	74,607
	Amounts falling due in more than	five years:
	Repayable by htstalmeuts:
	Bank loans more 5yr by iustal			184,723	222,692
10.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.1.22	in funds	31.12.22
			f	f
	Unrestricted funds
	General fund		805,473	19,254	824,727
	TOTAL FUNDS		805,473	19,254	824,727
	Net movement in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			6	f,
	Unrestricted funds
	General fund		125,102	(105,848)	19,254
	Restricted funds
	Other restricted funds		5,943	(5,943)
	TOTAL li'UNDS		131,045	(111,791)	19,254

					Net
					movement	At
				At 1.1.21	in funds	31.12.21
				6
Unrestricted		funds
General	fund			766,757	38,716	805,473
TOTAL	FUNDS			766,757	38,716	805,473
Comparative		net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					f.	f.
Unrestricted		funds
General	fund			91,488	(52,772)	38,716
TOTAL	FUNDS			91,488	(52,772)	38,716
A current	year 12months and prior year 12months combined position is as follows:
					Net
					tno vernant	At
				At 1.1.21	in Ands	31,12.22
						f,
Unrestricted		funds
General	fund			766,757	57,970	824,727
TOTAL	FUNDS			766,757	57,970	824,727

Al 1lamic M	is	is
Detailed tatement	ofP		i 'es
for the Ended	31	December 2022
				31.12.22	31.12.21
					6
INCt3MK AND ENDOWMENTS
Donations and legacies
Donations				118,755	91,488
Investment income
Rents received				12,290
Total incoming resources				131,045	91,488
Raising donations	and legacies
Donations to others				5,943
Muharam &religious		events		15,329	1,701
Scholar fees				7,415	3,341
				28,687	5,042
Support costs
Management
Rates and water				2]1	2,032
Insurance				1,874	1,714
Light and heat				13,038	4,734
Telephone				382	698
Postage and stationery				309	147
Sundries				46	560
Repairs &renewals				22,991	2,390
Cleaning				1,908	1,329
Professional fees				10,555	9,397
Imam masjid salary				7,500	7,035
Care taker				5,040
Bookkeeper salary				2,750	3,000
Depreciation oftangible Sxcd assets				1,605	3,151
				68,209	36,187
Irinance
Bank charges				546	569
Bank loan interest				13,499	10,124
				14,045	10,693
Governance costs
Accountancy				850	850
Total resources expended				111,791	52,772
Net income				19,254	38,716