| Report ofthe Trustees | 1 | to | 2 |
|---|---|---|---|
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement ofFinancial Activities | 12 | to | 13 |
| for the Ye | ar Ended 3 | 1March 20 | 23 | |||||
|---|---|---|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | fund | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 10,268 | 88,623 | 98,891 | 19,385 | |||
| Charitable | activities | |||||||
| Incoming resources from charitable | activities | 233,732 | 233,732 | 188,475 | ||||
| Other trading activities | 200 | |||||||
| Investment | income | 19,700 | 19,700 | 19,870 | ||||
| Total | 263,700 | 88,623 | 352,323 | 227,930 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Incoming resources from charitable | activities | 123,322 | 2,085 | 125,407 | 100,241 | |||
| Other | 77,894 | 77,894 | 16,291 | |||||
| Total | 123,322 | 79,979 | 203,301 | 116,532 | ||||
| NET INCOME | 140,378 | 8,644 | 149,022 | 111,398 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds | brought forward |
1,503,194 | 7,698 | 1,510,892 | 1,399,494 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,643,572 | 16,342 | 1,659,914 | 1,510,892 |
| North Ilford Islamic Centre | |||
|---|---|---|---|
| Balance Sheet | |||
| 31March 2023 | |||
| 31.3.23 | 31.3.22 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 1,322,223 | 1,315,228 | |
| CURRENT ASSETS | |||
| Prepayments and accrued income |
700 | 2,785 | |
| Cash at bank | 339,449 | 194,839 | |
| 340,149 | 197,624 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(2,458) | (1,960) | |
| NET CURRENT ASSETS | 337,691 | 195,664 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,659,914 | 1,510,892 | |
| NET ASSETS | 1,659,914 | 1,510,892 | |
| FUNDS | |||
| Unrestricted funds |
1,643,572 | 1,503,194 | |
| Restricted funds | 16,342 | 7,698 | |
| TOTAL FUNDS | 1,659,914 | 1,510,892 |
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| Book and radio sale | 200 | ||
| 3. | INVESTMENT INCOME | ||
| 31.3.23 | 31.3.22 | ||
| Rents received | 19,700 | 19,870 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| Wages and salaries | 32,770 | 27,438 | |||
| Other pension costs | 127 | ||||
| 32,897 | 27,438 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 31.3.23 | 31.3.22 | ||||
| Staff | 17 | 13 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Improvements | Fixtures | |||
| Freehold | to | and | ||
| property | property | fittings | Totals | |
| COST | ||||
| At 1April 2022 | 1,090,240 | 219,469 | 22,912 | 1,332,621 |
| Additions | 2,706 | 6,741 | 9,447 | |
| At 31March 2023 | 1,090,240 | 222,175 | 29,653 | 1,342,068 |
| DEPRECIATION | ||||
| At 1 April 2022 | 17,393 | 17,393 | ||
| Charge for year | 2,452 | 2,452 | ||
| At 31March 2023 | 19,845 | 19,845 | ||
| NET BOOK VALUE | ||||
| At 31March 2023 | 1,090,240 | 222,175 | 9,808 | 1,322,223 |
| At 31March 2022 | 1,090,240 | 219,469 | 5,519 | 1,315,228 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 31.3.23 | 31.3.22 | |||
| Trade creditors | (2) | |||
| Social security and other taxes | 500 | |||
| Other creditors | 1,000 | 1,000 | ||
| Accruals | 960 | 960 | ||
| 2,458 | 1,960 | |||
| ANALYSIS OFNET ASSETSBETWEEN FUNDS | ||||
| 31.3.23 | 3'.3.22 | |||
| Unrestricted | Restricted | Total | Total | |
| fund | fund | funds | funds | |
| Fixed assets | 1,322,223 | 1,322,223 | 1,315,228 | |
| Current assets | 323,808 | 16,341 | 340,149 | 197,624 |
| Current liabilities | (2,459) | 1 | (2,458) | (1,960) |
| 1,643,572 | 16,342 | 1,659,914 | 1,510,892 |
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.4.22 | in funds | 31.3.23 | |||
| Unrestricted funds |
|||||
| General fund | 1,503,194 | 140,378 | 1,643,572 | ||
| Restricted funds | |||||
| Restricted fund | 7,698 | 8,644 | 16,342 | ||
| TOTAL FUNDS | 1,510,892 | 149,022 | 1,659,914 | ||
| Net movement in funds, included |
in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 267,200 | (126,822) | 140,378 | ||
| Restricted funds | |||||
| Restricted fund | 88,623 | (79,979) | 8,644 | ||
| TOTAL FUNDS | 355,823 | (206,801) | 149,022 | ||
| Comparatives for movement |
in | funds | |||
| Net | |||||
| movement | At | ||||
| At 1.4.21 | m funds | 31.3.22 | |||
| Unrestricted funds |
|||||
| General fund | 1,394,987 | 108,207 | 1,503,194 | ||
| Restricted funds | |||||
| Restricted fund | 4,507 | 3,191 | 7,698 | ||
| TOTAL FUNDS | 1,399,494 | 111,398 | 1,510,892 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 209,768 | (101,561) | 108,207 | |
| Restricted funds | ||||
| Restricted fund |
18,162 | (14,971) | 3,191 | |
| TOTAL FUNDS | 227,930 | (116,532) | 111,398 | |
| A current year 12months | and prior year 12months | combined position is as follows: | ||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| Unrestricted funds |
||||
| General fund | 1,394,987 | 248,585 | 1,643,572 | |
| Restricted funds | ||||
| Restricted fund | 4,507 | 11,835 | 16,342 | |
| TOTAL FUNDS | 1,399,494 | 260,420 | 1,659,914 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 476,968 | (228,383) | 248,585 |
| Restricted funds | |||
| Restricted fund | 106,785 | (94,950) | 11,835 |
| TOTAL FUNDS | 583,753 | (323,333) | 260,420 |
| Detailed Statement for the Year Ended |
ofFinancial Activities 31March 2023 |
||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gifts | 1 | ||
| Donations | 88,622 | 18,162 | |
| Gift aid | 10,118 | ||
| Membership | 150 | 1,223 | |
| 98,891 | 19,385 | ||
| Other trading activities | |||
| Book and radio sale | 200 | ||
| Investment income |
|||
| Rents received | 19,700 | 19,870 | |
| Charitable activities |
|||
| Donation | 163,672 | 137,835 | |
| Tuition fees | 70,060 | 50,640 | |
| 233,732 | 188,475 | ||
| Total incoming resources | 352,323 | 227,930 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Masjid Wages | 32,770 | 27,438 | |
| Pensions | 127 | ||
| Rates and water | 2,521 | 2,174 | |
| Insurance | 2,085 | 2,411 | |
| Light and heat | 7,370 | 6,554 | |
| Telephone | 433 | 362 | |
| Postage and stationery | 495 | 450 | |
| Sundries | 1,317 | ||
| Repair, maintenance | &cleaning | 320 | |
| Ramadhan car park facility |
3,000 | ||
| Madressa consultancy | 25,501 | 21,912 | |
| Madressa wages | 45,456 | 35,620 | |
| IT Software | 150 | ||
| Fixtures and fittings | 2,452 | ||
| 122,680 | 98,238 | ||
| Other | |||
| Restricted expenditure | 77,894 | 14,971 | |
| Carried forward | 77,894 | 14,971 |
| for the Year | Ended 31March 2023 | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| Other | |||
| Brought forward | 77,894 | 14,971 | |
| Donation - Charity | 1,320 | ||
| 77,894 | 16,291 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 1,767 | 1,223 | |
| Governance | costs | ||
| Accountancy | and legal fees | 960 | 780 |
| Total resources | expended | 203,301 | 116,532 |
| Net income | 149,022 | 111,398 |