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2023-03-31-accounts

Charity number 1058664

Islamic Cultural & Educational Association

Audited Financial Statements and Report

for the year ended 31 March 2023

Principal office 101 Thornbury Road, Bradford, BD3 8SA

Islamic Cultural & Educational Association Audited Financial Statements and Report for the year ended 31 March 2023

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 2023

Management Committee

Munsaf Dad Saddiq Choudhury Mohammed Bashir Choudhury Abdul Ghaffar Khan Abdul Sattar Mohammed Khaliq Mohammed Ishaq Rasul Mohammed Ashfaq Razaq Iqbal Hafeez Akhtar Jawaid Iqbal Shehzad Sheikh Iftikhar Akhtar

President Vice President General Secretary Assistant General Secretary Treasurer Vice Treasurer

(Elected for 4yrs, until 2026) (Elected for 4yrs, until 2026) (Elected for 4yrs, until 2026) (Elected for 4yrs, until 2026) (Elected for 4yrs, until 2026) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2024) (Elected for 3yrs, until 2026)

Co-opted by Management Committee

Mohammad Younis Mushtaq Hussain Tariq Khan Mohammed Fiaz Israr Rasul

(Co-opted until AGM 2023) (Co-opted until AGM 2023) (Co-opted until AGM 2023) (Co-opted until AGM 2023) (Co-opted until AGM 2023)

Trustees appointed by Management Committee

Azeem Malik Dawood Ahmed Ghazanfer Ali Zulafqar Ali Dr Mohammad Azam Dr Asad Hafeez Mohammad Sadiq

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 2023

The trustees present their twenty eighth annual report and audited financial statements for the year ended 31 March 2023.

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 £521,407 (expenditure) and net realised incoming resources of a £474,352 (income). The total reserves at the year end after reserving for unrealised losses (after revaluing investments of nil) stand at £4,756,075.

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 :-

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 …………...

Choudhury Abdul Ghaffar Khan

General Secretary

3

Islamic Cultural & Educational Association Independent Auditor's Report for the year ended 31 March 2023

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 2023 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 2023, 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 2023

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
2023
2023
2023
£
£
£
-
-
-
-
31,908
31,908
421,089
21,355
442,444
421,089
53,263
474,352
421,089
53,263
474,352
331,635
58,313
389,948
131,459
-
131,459
463,094
58,313
521,407
(42,005)
(5,050)
(47,055)
-
-
-
(42,005)
(5,050)
(47,055)
(42,005)
(5,050)
(47,055)
4,470,907
332,223
4,803,130
4,428,902
327,173
4,756,075		 Prior Period
Total Funds
2022
£
-
18,994
422,832
441,826
441,826
291,493
111,055
402,548
39,278
-
39,278
39,278
4,763,852
4,803,130

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

5

Islamic Cultural & Educational Association Statement of Financial Activities for the year ended 31 March 2023

Statement of Total Recognised Gains and Losses

for the year ended 31 March 2023
Excess of Expenditure over income before realisation of assets
Net Movement in funds before taxation		 2023
2022
(47,055)
39,278
(47,055)
39,278

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 2023

Revenue accumulated fund
Accumulated fund brought forward
Recognised gains and losses for year
Closing Accumulated fund		 Unrestricted
Restricted
Total
Last year
Funds
Funds
Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
4,470,907
332,223
4,803,130
4,763,852
(42,005)
(5,050)
(47,055)
39,278
4,428,902
327,173
4,756,075
4,803,130
Summary of funds
Revenue funds
Total funds		 Designated Unrestricted
Restricted
Total
Last year
Funds
Funds
Total Funds
2023
2023
2023
2023
2022
£
£
£
£
£
-
4,428,902
327,173
4,756,075
4,803,130
-
4,428,902
327,173
4,756,075
4,803,130
-
-

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 2023

Notes
Fixed assets
Tangible assets
5
Current assets
Stocks
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		 2023
4,367,005
4,367,005
-
-
551,965
-
551,965
(162,895)
389,070
4,756,075
-
4,756,075
4,428,902
4,428,902
327,173
4,756,075
-		 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
-

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 …………...

Choudhury Abdul Ghaffar Khan General Secretary

The notes and schedule to the Statement of Financial Activities on pages 8 to 13 form an integral part of these accounts

7

Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2023

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.

8

Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2023

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

Book stocks are written off in the year of purchase.

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
2023
direct charity expenses and administration costs
£
Grants and appeal funds
31,908
Donations and safe collections
442,444
(See page 13 for analysis of sources of income and expenditure).
474,352
£
Direct charitable expenditure
389,948
Management and administration
131,459
(See page 13 for analysis of sources of income and expenditure).
521,407
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 including paye and pension costs
215,131
215,131
There were no fees or other remuneration payable to trustees
There were no employees with emoluments in excess of £50,000 per annum		 2022
£
18,994
422,832
441,826
£
291,493
111,055
402,548
5
18
£
152,008
152,008
4
Cost of auditor and accounting services
Audit fees
Accountants fees -Bookkeeping/ payroll
5
Tangible fixed assets
Land
£
Cost or valuation
At 1 April 2022
522,000
At 31 March 2023
522,000
Depreciation
At 1 April 2022
-
Charge for the year
-
At 31 March 2023
-
Net book value
At 31 March 2023
522,000
At 31 March 2022
522,000		 Buildings
£
4,643,483
4,643,483
742,525
88,494
831,019
3,812,464
3,900,958		 2023
£
1,200
2,465
3,665
Porta
Cabins
£
18,982
18,982
18,075
136
18,211
771
907		 2022
£
990
500
1,490
Fixtures
and
equipment
£
197,260
197,260
160,058
5,580
165,638
31,622
37,202

9

Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2023

Cost or valuation
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Computer
equipment
£
24,110
-
24,110
23,936
26
23,962
148
174		 Total
£
5,405,835
-
5,405,835
944,594
94,236
1,038,830
4,367,005
4,461,241

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 2023
Unrestricted
Designated
(Current year)
funds
funds
£
£
Tangible fixed assets
4,367,005
-
Current Assets
551,965
-
Current Liabilities (creditors)
(162,895)
-
Long Term Liabilities (creditors)
-
4,756,075
-
At 1 April 2022
Unrestricted
Designated
(Previous 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
-
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
£
-
-
-
-
2023
£
-
2023
£
-
-
-
2023
£
3,490
142,938
14,654
1,813
162,895		 Total
Funds
£
4,367,005
551,965
(162,895)
-
4,756,075
Total
Funds
£
4,461,241
503,627
(161,738)
-
4,803,130
2022
£
-
2022
£
3,492
-
3,492
2022
£
1,490
144,438
14,923
887
161,738

10

Islamic Cultural & Educational Association Notes to the Accounts for the year ended 31 March 2023

10 Transactions with related parties

----- Start of picture text -----
Transactions with related parties 2023 2022
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 11,767 53,998
Net assets after liabilities of TPLN 11,767 53,998
----- End of picture text -----

There were no transactions with Trustees and there were no other related parties.

11 Movement in Funds

Movement in Funds
Restricted Funds
Restricted funds
Unrestricted funds
Total funds		 Balance at
2022
1st April
b/f
332,223
4,470,907
4,803,130
-		 Incoming
Resources
53,263
421,089
474,352
-		 Resources
Expended
(58,313)
(463,094)
(521,407)
-		 Transfers
-
-
-
-		 Balance at
2023
31st March
c/f
327,173
4,428,902
4,756,075
-

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 2023

----- Start of picture text -----
Unrestricted Restricted Total Prior Period
Incoming Resources Funds Funds Funds Total Funds
2023 2022
Grants,Legacies and Donations £ £ £ £
Friday collections (Juma) 124,248 - 124,248 114,322
Madrassa fees 75,792 - 75,792 78,189
Door to door collections 44,554 - 44,554 61,097
Ramadan collections and sponsorships 23,826 7,390 31,216 62,697
Funerals 64,909 - 64,909 37,535
Eid collections 15,631 - 15,631 15,488
Gift aid - - - -
Fitrana and Sadqa collections (restricted) - 11,065 11,065 6,168
Other donations (general and misc.) 51,251 - 51,251 29,261
Calendar/leaflets sponsorship (restricted) - 1,800 1,800 2,075
Appeal funds received - 20,843 20,843 12,826
Membership fee 863 - 863 555
School visits 503 - 503 -
Nikah fees 2,020 - 2,020 1,100
Madrassa books and stationery 3,650 - 3,650 1,713
Refunds from bank, utilities and stamp duty 13,842 - 13,842 249
Radio receiver sales - 1,215 1,215 1,510
Insurance received - - - 11,432
Thornbury play and learn nursery - 10,950 10,950 5,609
Total Grants,Legacies & Donations Received 421,089 53,263 474,352 441,826
- -
Charitable expenditure
£ £
Direct charitable expenditure
Appeals and donations paid out (restricted) - 49,598 49,598 8,000
Fitrana and sadqa paid out (restricted) - 8,715 8,715 6,168
Radio purchases - - - 1,080
Staff wages and pensions 193,631 - 193,631 138,008
MCEC resources and expenses 651 - 651 6,124
Volunteer costs 40 - 40 -
Rates and water 5,453 - 5,453 4,784
Light and Heat 54,183 - 54,183 27,783
Insurance and service charge 7,650 - 7,650 13,534
Repairs and maintenance 54,936 - 54,936 73,586
Stationery and printing 1,091 - 1,091 3,546
Telephone, internet and fax 2,296 - 2,296 1,897
Cleaning and ppe materials 1,445 - 1,445 1,767
Bank charges 3 - 3 213
Events held costs 8,261 - 8,261 842
Training and IT equipment costs 1,815 - 1,815 1,188
Quantity surveyor and planning fees - - - 689
Legal costs (CRBs/DBS) 180 - 180 2,284
TPLN overheads - - - -
331,635 58,313 389,948 291,493
Management and administration of the charity
Staff wages 21,500 - 21,500 14,000
Audit fee 1,200 - 1,200 990
Sundry expenses 791 - 791 315
Depreciation of assets 94,236 - 94,236 95,250
Advertising and PR 3,163 - 3,163 -
Accountants fees -Bookkeeping/ payroll 2,465 - 2,465 500
Consultancy fees 8,104 - 8,104 -
131,459 - 131,459 111,055
Total spent 463,094 58,313 521,407 402,548
Surplus / (deficit) for the year before transfers (42,005) (5,050) (47,055) 39,278
----- End of picture text -----

12

Islamic Cultural & Educational Association Detailed Schedule to the Statement of Financial Activities for the year ended 31 March 2023

----- Start of picture text -----
Reconciled to revenue accumulated fund Total Total
(Total as per Balance Sheet) Funds Funds
2023 2022
£ £
Accumulated funds 4,803,130 4,763,852
Surplus / (deficit) for the year before transfers (47,055) 39,278
Agreed to balance sheet 4,756,075 4,803,130
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The surplus is income for ongoing projects in line with charity's objectives.

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