Charity number 1058664
Islamic Cultural & Educational Association
Financial Statements and Report
for the year ended 31 March 2022
Principal office 101 Thornbury Road, Bradford, BD3 8SA
Islamic Cultural & Educational Association Financial Statements and Report for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trust information | 1 |
| Trustees' report | 2 |
| Statement of Trustees' Responsibilities | 3 |
| Auditors report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
| Schedule to the Statement of Financial Activities | 12 |
Islamic Cultural & Educational Association Trust information for the year ended 31 March 2022
Management Committee
Munsaf Dad Saddiq Choudhury Mohammed Bashir Abdul Sattar Mohammed Shaukat Razaq Iqbal Mohammed Ishaq Rasul Mohammed Ashfaq Mohammed Khaliq Hafeez Akhtar Jawaid Iqbal Choudhury Abdul Ghaffar Khan Shehzad Sheikh Mohammad Younis
President Vice President General Secretary Vice Secretary Treasurer Vice Treasurer
(Elected for 4yrs, until 2022) (Elected for 4yrs, until 2022) (Elected for 4yrs, until 2022) (Elected for 4yrs, until 2022) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 4yrs, until 2022) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 4yrs, until 2022) (Elected for 3yrs, until 2024) (Co-opted until AGM 2022)
Trustees appointed by Management Committee
Azeem Malik Dawood Ahmed Ghazanfer Ali Zulafqar Ali Dr Mohammad Azam Dr Azad Hafeez Mohammad Sadiq
(Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022) (Appointed until 06/01/2022)
Structure
Association of Trustees
Charity registration number
1058664
Principal office
101 Thornbury Road Bradford BD3 8SA
Bankers
Virgin Money (Yorkshire Bank) Broadway Bradford BD1 1EZ
Auditors
Adam & Co Accountancy Ltd Chartered Certified Accountants First Floor, 1 Edmund Street Bradford BD5 0BH
1
Islamic Cultural & Educational Association The report of the trustees for the year ended 31 March 2022
The trustees present their twenty eighth annual report and audited financial statements for the year ended 31 March 2022.
History and objectives of the charity
Islamic Cultural & Educational Association was founded in July 1994 as an unincorporated association and became a registered charity (no 1058664) on 16 October 1996. The association is governed by a written constitution adopted by its members.
The objectives of the organisation are:
(a) The objects of the Association are to promote the advancement of the religion in accordance with the doctrines of Islam and the Fiqh-i-Hanfi (Brailvi), to advance education and religious education in accordance with the Islamic Beliefs and to provide facilities for recreation and leisure time activities in the interests of social welfare primarily for the followers of the fiqh-i-hanfi (Brailvi) in the area of Bradford specified in clause 5 of the constitution with the objects of improving the conditions of life for such persons.
(b) to establish and maintain the mosque building and its grounds.
(c) to provide educational, cultural and leisure time activities for the local muslim community.
Management and Governance arrangements
Members of the association can stand for election or be appointed as trustees if they have been a member of the association for at least 12 months
The trustees are broken down into two separate categories namely Elected and Land Custodians
The Elected members are referred to as as the Management Committee. This Management Committee comprises of no more than twelve members. Under the constitution the management committee are elected by the members. Elections are held every two years and management committee members are elected for a term of four years
The Land Custodians are referred to as Trustees. The Management committee appoints the Trustees. The constitution provides that there shall not be less than five and no more than seven such trustees. These trustees act as guardians of all property vested in the name of the association.
The Management Committee are responsible for the day to day running and operational matters The management committee hold regular monthly meetings to manage the affairs of the association and sub committees are set up to oversee various projects as and when needed
Most management committee members and trustees are already familiar with the work of the association, having been members of the association for many years. Every new committee member is given a copy of the constitution of the association and advised on the roles and responsibilities of the trustees
Significant Future Projects
There was no significant work planned or undertaken.
Risk Management
The Management Committee is responsible for the management of the risks that are faced by the association and that all members interests are declared and are open to members for reviews. Regular reviews of risk are taken and there are controls in place to mitigate the risks.
Review for the period and reserves policy
The financial accounts are set out on pages 5 to 13. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales and in accordance with the Financial Reporting Standard for Smaller Entities .
The trustees consider the financial performance by the organisation during the year has been satisfactory.
The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £402,548 (expenditure) and net realised incoming resources of a £441,826 (income). The total reserves at the year end after reserving for unrealised losses (after revaluing investments of nil) stand at £4,803,130.
2
The trustees are satisfied with the performance of the association during the year and the position at the year end.
The trustees are carefully monitoring the cashflow position of the association to ensure that sufficient funds are available for further expansion work.
The trustees are confident that they will be able to carry out future developments and continue with the association's activities into future years. It is the policy of the association to maintain adequate resources in its general fund so that it can continue to undertake future activities.
Disclosure of information to the auditors
The trustees who held office at the date of approval of this trustee report, confirm that so far as they are aware, there is no relevant audit information of which the association's auditors are unaware of. Each trustee has taken all the steps that they ought to have taken as a trustee to be aware of any relevant audit information and to establish that the association's auditors are aware of that information.
Auditors
A resolution to reappoint the auditors will be made by members at the AGM.
Statement of Trustees' Responsibilities
Charity law requires the trustees to prepare accounts for each financial year in accordance with current statutory requirements , the requirements of the Charity's governing document and the requirements of the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales. In preparing those accounts, the trustees are required to:
The law applicable to charities in England & Wales requires the Board of trustees to prepare financial statements for each financial year which give a true and fair view of the organisation's financial activities during the year and of its financial position at the end of the financial year. In preparing those financial statements giving a true and fair view, the Board of trustees should follow best practice and :-
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Select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue to operate.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the organisation and which enable them to acertain the financial position of the organisation and enable them to ensure that the financial statements comply withThis report was approved by the board of trustees on the requirements of applicable law and regulations. They are..............................also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.By order of the Trustees
Approved by the order of the Trustees on …………...
Abdul Sattar
General Secretary
3
Islamic Cultural & Educational Association Independent Auditor's Report for the year ended 31 March 2022
Independent auditors report to the trustees on the accounts of the Charity.
We have audited the financial statements of Islamic Cultural and Educational Association for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 105 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. 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.
Respective responsibilities of trustees and auditors
As explained more fully in the Trustees' Responsibilities Statement set out on page 3, the trustees are responsible for the preparation of financial statements which give a true and fair view.
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Boards's Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non financial information in the Annual Report to identify material inconsistencies with the audited financial statements. If we become aware of any material misstatements or inconsistencies we consider the implications for our report.
Opinion on the financial statements
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2022, and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; including Financial Reporting Standard 105 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you, if in our opinion:
the information given in the Trustes' Annual Report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Shahbaz Munir, Senior Statutory Auditor
on behalf of Adam & Co Accountancy Ltd
Chartered Certified Accountants and Statutory Auditors
4
Islamic Cultural & Educational Association Statement of Financial Activities for the year ended 31 March 2022
| Notes Incoming Resources Grants Appeals Donations and collections Total Incoming Resources Net Incoming Resources available for charitable applications A Resources expended (see page 13) Direct charitable expenditure Management and administration of the charity Total Resources expended B Net Incoming Resources C ( ie Total A minus Total B = C ) Gross Transfers between funds :- Net Incoming Resources before revaluations and investment asset disposals Net Movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2022 2022 2022 £ £ £ - - - - 18,994 18,994 415,008 7,824 422,832 415,008 26,818 441,826 415,008 26,818 441,826 275,625 15,868 291,493 111,055 - 111,055 386,680 15,868 402,548 28,328 10,950 39,278 - - - 28,328 10,950 39,278 28,328 10,950 39,278 4,442,579 321,273 4,763,852 4,470,907 332,223 4,803,130 |
Prior Period Total Funds 2021 £ 57,352 4,269 264,823 326,444 326,444 280,976 109,016 389,992 (63,548) 3,132 (60,416) (60,416) 4,824,268 4,763,852 |
|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said Statement.
All activities derive from continuing operations
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts
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Islamic Cultural & Educational Association Statement of Financial Activities for the year ended 31 March 2022
Statement of Total Recognised Gains and Losses
| for the year ended 31 March 2022 Excess of Expenditure over income before realisation of assets Net Movement in funds before taxation |
2022 2021 39,278 (60,416) 39,278 (60,416) |
|---|---|
There were no other recognised gains or losses for the year or the prior year that are not included above.
Movements in revenue and capital funds for the year ended 31 March 2022
| Revenue accumulated fund Accumulated fund brought forward Recognised gains and losses for year |
Unrestricted Restricted Total Last year Funds Funds Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 4,442,579 321,273 4,763,852 4,824,268 28,328 10,950 39,278 (60,416) |
|---|---|
| Closing Accumulated fund | 4,470,907 332,223 4,803,130 4,763,852 |
| Summary of funds Designated Funds 2022 £ Revenue funds - |
Unrestricted Restricted Total Last year Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 4,470,907 332,223 4,803,130 4,763,852 |
| Total funds - |
4,469,965 332,223 4,803,130 4,763,852 |
| - - |
The statement of changes in resources applied for fixed assets for organisation's use is shown in the notes to the accounts.
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts.
6
Islamic Cultural & Educational Association Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 5 Current assets Stocks & Work in progress 7 Debtors 8 Cash at bank Cash in hand Creditors: amounts due within one year 9 Net current assets Total assets less current liabilities Creditors:- amounts due after more than one year Net Assets Capital and reserves Unrestricted revenue reserves Resources freely available Restricted revenue reserves Accumulated Funds |
2022 4,461,241 4,461,241 - 3,492 500,061 74 503,627 (161,738) 341,889 4,803,130 - 4,803,130 4,470,907 4,470,907 332,223 4,803,130 - |
2021 4,556,491 4,556,491 - 4,176 361,759 359 366,294 (158,933) 207,361 4,763,852 - 4,763,852 4,442,579 4,442,579 321,273 4,763,852 - |
|---|---|---|
The(i) accountsensuringhavethatbeenthe charitypreparedkeepsin accordanceproper accountingwith the specialrecordsprovisionswhich complyrelatingwithtothesmallrequirementscompanies ofwithinthe The Board of Trustees are satisfied that the organisation is required to have an audit by virtue of its level of turnover or by virtue of any requirement under its constitution or otherwise.
The Board of Trustees also acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under 'Trustees' Responsibilities' in the Report of the Trustees.
Approved by the order of the Trustees on …………...
Abdul Sattar
General Secretary
The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts
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Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Basis of accounts preparation
The financial statements have been prepared in accordance with the Charities Act 2011. The accounts have been prepared in accordance with the micro entity provisions of the small entities under FRS 102, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, adapted to meet the needs of unincorporated organisations.
The organisation has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement.
The charity is entirely dependent on continuing donations from the local community and as a consequence the going concern basis is also dependent on the continuing donations. The particular accounting policies adopted are set out below
Accounting convention
The financial statements are prepared, on a going concern basis, accrual basis under the historical cost convention.
Incoming Resources (funds received)
Incoming resources such as donations, gifts and collections are accounted for on a receivable basis deferred as described below where appropriate.
Fund accounting
General funds comprise the accumulated surplus or deficit on the statement of financial activities. They are available for use at the discretion of trustees in the furtherance of the general activities of the charity.
Unrestricted funds
Unrestricted funds are the net incoming resources available for the objects of the charity without specified purposes and are part of the general funds.
Restricted funds
Restricted funds are the net incoming resources avaiable for a particular area or purpose stated by the donor and are allocated appropriately..
Resources expended (charitable expenditure)
Expenditure is accounted for on an accruals basis and allocated to the relevant activity Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
Activities in the furtherence of the charity's objectives.
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities.
Management and administration of the charity.
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements
Going concern
The Association has sufficient cash at bank at the year end and has raised further funds since the year end, which provide adequate resources to finance committed development programme, along with the day to day operations. The trustees monitor the expenditure level and adjust development expenditure to ensure that expenditure is only incurred when sufficient funds are available to cover payments as they fall due. On this basis, the trustees have reasonable expectation that the association has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which this report and financial statements are signed. For this reason, it continues to adopt the going concern basis in the financial statements.
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Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2022
Depreciation
Depreciation is calculated at a rate which will write off, the cost of the asset, over its expected useful life as follows:
| useful life as follows: | ||
|---|---|---|
| Porta cabins | 15% | on written down value |
| Fixtures and equipment | 15% | on written down value |
| Computer equipment | 15% | on written down value |
| Buildings | 2% | straight line |
Land is not being depreciated because the trustees are of the opinion that the market value of the assets is more than the cost and are unlikely to fall below cost in the foreseeable future.
Stocks
Stocks are stated at lower of cost and net realisable value.
2 Winding up or dissolution of the charity
If the charity were to be dissolved or wound up the trustees would pass any net assets to similar organisations and deserving causes.
| 3i Analysis of incoming resources and analysis of 2022 direct charity expenses and administration costs £ Grants and appeal funds 18,994 Donations and safe collections 422,832 (See page 13 for analysis of sources of income and expenditure). 441,826 £ Direct charitable expenditure 291,493 Management and administration 111,055 (See page 13 for analysis of sources of income and expenditure). 402,548 3ii Numbers of full and part time employees or their time equivalents Engaged on charitable activities on average -Full Time 5 Engaged on charitable activities on average -Part Time 18 £ Wages and salaries 143,978 Social security and pension costs 8,029 152,007 |
2021 £ 61,621 264,823 326,444 £ 280,976 109,016 389,992 5 17 £ 142,432 6,015 148,447 |
|---|---|
There were no fees or other remuneration payable to trustees There were no employees with emoluments in excess of £50,000 per annum
| 4 Cost of auditor and accounting Audit fees Accountants fees 5 Tangible fixed assets Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 |
services Land £ 522,000 - 522,000 - - - |
Buildings £ 4,643,483 - 4,643,483 654,031 88,494 742,525 |
2022 £ 990 500 1,490 Porta Cabins £ 18,982 - 18,982 17,915 160 18,075 |
2021 £ 990 500 1,490 Fixtures and equipment £ 197,260 - 197,260 153,493 6,565 160,058 |
|---|---|---|---|---|
Net book value
9
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2022
| At 31 March 2022 At 31 March 2021 Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
522,000 522,000 Computer equipment £ 24,110 - 24,110 23,905 31 23,936 174 205 |
3,900,958 3,989,452 |
907 1,067 |
37,202 43,767 |
Total £ 5,405,835 - 5,405,835 849,344 95,250 944,594 4,461,241 4,556,491 |
|---|---|---|---|---|---|
Land is not being depreciated because the trustees are of the opinion that the market value of the assets is more than the cost and are unlikely to fall below cost in the foreseeable future.
6 Analysis of assets and liabilities representing each of the charity's funds
| At 31 March 2022 Unrestricted Designated (Current year) funds funds £ £ Tangible fixed assets 4,461,241 - Current Assets 503,627 - Current Liabilities (creditors) (161,738) - Long Term Liabilities (creditors) - 4,803,130 - At 1 April 2021 Unrestricted Designated (Previous year) funds funds £ £ Tangible fixed assets 4,556,491 - Current Assets 366,294 - Current Liabilities (creditors) (158,933) Long Term Liabilities (creditors) - - 4,763,852 - 7 Stock Closing stock 8 Debtors Madrassa fees Thornbury play and learn nursery (100% subsidiary) (This is owed by TPLN to ICEA for maintainance and other costs) 9 Creditors: amounts falling due within one year Accruals (expenditure unpaid as at 31 March) Private loans (karz-e-hasnah interest free) Other creditors (wages unpaid as at 31 March) PAYE & NI (and NEST unpaid as at 31 March) |
Restricted funds £ - - - - Restricted funds £ - - - - 2022 £ - 2022 £ - 3,492 3,492 2022 £ 1,490 144,438 14,923 887 161,738 |
Total Funds £ 4,461,241 503,627 (161,738) - 4,803,130 Total Funds £ 4,556,491 366,294 (158,933) - 4,763,852 2021 £ - 2021 £ 4,176 - 4,176 2021 £ 2,080 144,438 11,881 534 158,933 |
|---|---|---|
10
Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2022
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10 Transactions with related parties 2022 2021
The following organisation is related to ICEA: £ £
Thornbury play & learn nursery (TPLN):
TPLN is 100% owned by the charity
TPLN accumulated reserves for the period 53,998 36,396
Net assets after liabilities of TPLN 53,998 36,396
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There were no transactions with Trustees and there were no other related parties.
| 11 Movement in Funds Restricted Funds Restricted funds Unrestricted funds Total funds |
Balance at 2021 1st April b/f 321,273 4,442,579 4,763,852 - |
Incoming Resources 26,818 415,008 441,826 - |
Resources Expended (15,868) (386,680) (402,548) - |
Transfers - - - - |
Balance at 2022 31st March c/f 332,223 4,470,907 4,803,130 - |
|---|---|---|---|---|---|
Purposes of Restricted Funds
Appeals - this fund is for appeal monies collected on an ad hoc basis for humantarian disasters and emergencies worldwide. The monies are distributed to provide humantarian aid and basic facilities to areas in need.
Fitrana and Sadqa -these are monies collected as part of the Islamic obligation on each person born before Eid ul Fitr to pay a fixed annual rate per person. The monies are paid to needy and poor people and charities that provide such support.
Thornbury Play and Learn Nursery was set up to provide centre for young children. They receive grant from Bradford Council and is 100% owned by ICEA.
12 Going concern
After making enquiries the trustees have a reasonable expectation that the Association has adequate resources to continue in operational existence for the foreseeable future. For this reason,they continue to adopt the going concern basis in the financial statements.
13 Post balance sheet events
There were none in the period.
14 Ultimate controlling party
The trustees have ultimate control of the charity
15 Legal status and registered name of the charity
The charity is unincorporated and is governed by the provisions of its constitution.
The full registered name of the charity is Islamic Cultural and Educational Association.
11
Islamic Cultural & Educational Association Detailed Schedule to the Statement of Financial Activities for the year ended 31 March 2022
----- Start of picture text -----
Unrestricted Restricted Total Prior Period
Incoming Resources Funds Funds Funds Total Funds
2022 2021
Grants,Legacies and Donations £ £ £ £
Friday collections (Juma) 114,322 - 114,322 69,271
Madrassa fees 78,189 - 78,189 45,451
Door to door collections 61,097 - 61,097 34,017
Ramadan collection 62,097 600 62,697 6,648
Funerals 37,535 - 37,535 15,118
Eid collections 15,488 - 15,488 7,264
Gift aid - - - 18,622
Fitrana and Sadqa collections (restricted) - 6,168 6,168 2,324
Other donations (general and misc.) 29,156 105 29,261 60,081
Calendar/leaflets sponsorship (restricted) 2,075 - 2,075 2,700
Appeal funds received - 12,826 12,826 1,945
Membership fee 555 - 555 142
School visits - - - 945
Nikah fees 1,100 - 1,100 600
Madrassa books and stationery 1,713 - 1,713 -
Refunds from bank, utilities and stamp duty 249 - 249 716
Radio receiver sales - 1,510 1,510 715
Insurance received 11,432 - 11,432 -
Furlough grants received - - - 57,352
Thornbury play and learn nursery - 5,609 5,609 2,533
Total Grants,Legacies & Donations Received 415,008 26,818 441,826 326,444
- -
Charitable expenditure
£ £
Direct charitable expenditure
Appeals and donations paid out (restricted) - 8,000 8,000 1,945
Fitrana and sadqa paid out (restricted) - 6,168 6,168 2,325
Radio purchases - 1,080 1,080 146
Staff wages and pensions 138,008 - 138,008 138,447
MCEC resources and expenses 6,124 - 6,124 6,838
Imams and Tajweed classes expenses - - - 728
Rates and water 4,784 - 4,784 4,020
Light and Heat 27,783 - 27,783 27,638
Insurance and service charge 13,534 - 13,534 7,883
Repairs and maintenance 73,586 - 73,586 67,311
Stationery and printing 2,926 620 3,546 4,178
Telephone, internet and fax 1,897 - 1,897 1,818
Cleaning and ppe materials 1,767 - 1,767 2,497
Bank charges 213 - 213 58
Events held costs 842 - 842 -
Training and IT equipment costs 1,188 - 1,188 2,450
Quantity surveyor and planning fees 689 - 689 4,785
Legal costs (CRBs/DBS) 2,284 - 2,284 150
TPLN overheads - - - 2,891
Decrease/ (Increase) in stocks: Radios and books - - - 4,868
275,625 15,868 291,493 280,976
Management and administration of the charity
Staff wages 14,000 - 14,000 10,000
Audit fee 990 - 990 990
Sundry expenses 315 - 315 1,084
Depreciation of assets 95,250 - 95,250 96,442
Accountants fees 500 - 500 500
111,055 - 111,055 109,016
Total spent 386,680 15,868 402,548 389,992
Surplus / (deficit) for the year before transfers 28,328 10,950 39,278 (63,548)
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Islamic Cultural & Educational Association Detailed Schedule to the Statement of Financial Activities for the year ended 31 March 2022
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Reconciled to revenue accumulated fund Total Total
(Total as per Balance Sheet) Funds Funds
2022 2021
£ £
Accumulated funds 4,763,852 4,827,400
Surplus / (deficit) for the year before transfers 39,278 (63,548)
4,803,130 4,763,852
----- End of picture text -----
The surplus is income for ongoing projects in line with charity's objectives.
| Buildings construction costs (see additions in note 5) Building works/ CCTV etc MCEC internal fit out and construction work Total as per additions in note 5 to the accounts Transactions with related parties Thornbury play & learn nursery (TPLN): TPLN is 100% owned by the charity Net assets after liabilities of TPLN Total as per note 10 to the accounts |
2022 2021 £ £ - - - - - - 2022 2021 £ £ 53,998 36,396 53,998 36,396 |
|---|---|
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