|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|
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|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|
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|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|
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|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|
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|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|
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|||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|