2023-03-31-accounts - The Manchester Somali Islamic Cultural Trust

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Charity Information
Trustees' Annual Report and Statement			ofTrustees'	Responsibilities		2-7
Independent Examiner's	Report					8-9
Statement of Financial	Activities	and Income & Expenditure			Account	10-12
Balance sheet						13
Notes to the accounts						14-16

Introduction: Alfurqan Islamic Centre embarked on an	ambitious		fundraising	fundraising	fundraising	campaign	campaign	the fiscal year
2022/2023, with the primary objective ofsecuring 51 million for		the		expansion		and renovation		project. The
aim is to transform the existing facility into an international standard				Mosque		and Community		Centre,
catering to the diverse needs ofthe Muslim community.	Despite		ongoing efforts				to collect pledges,
fundraising is still in progress.
Project Milestones:
1.Planning and Approvals:
Secured planning permission with 10conditions.
~Fulfilled most planning conditions.
~Successful planning application forthe courtyard and	an additional			floor in the			mosque.
2.Project Team:
~Engaged over 5companies for sourcing and building	contractors.
~Employed key personnel, including a Project Manager,	Architect,		and		Structural		Engineer.
3.Architectural Work:
Completed planning architectural design.
~Addressed planning conditions related to traflic management.
~Developed updated plans, elevations, and sections.
~Created a detailed architectural model for the mosque.
4.Structural Engineer- HBL:
~Appointed a Structural Engineer to develop design solutions.
~Conducted investigative works, including trial pits and	a condition			report.
Engaged in site investigation, including sample pits and boreholes.
5.Surveyor:
~Carried out a comprehensive building survey.
~Commissioned a specialist survey (Right to light) and	internal	building			survey.
~Appointed a Quantity Surveyor for cost implications.

for the year ended 31 M	arch 202
			Unrestricted	Restricted	Total	Last Year
			Funds	Funds	Funds	Total Funds
		Notes	2023	2023	2023	2022
			8	8	6	8
incoming resources from Revenue grants, donations Revenue grants, donations Investment Income	generated funds and legacies- individuals and legacies- organisations		840,000 20,391		840,000 20,391	298,432 13,623 18,675
Total incoming resources			860,391		860,391	330,730
Resources expended
Costs ofgenerating funds Costs ofcharitable activities Governance costs			222,056 1,440		222,056 1,440	175,203 840
Other resources expended			1		1	96
Total resources expended			223,497		223,497	176,139
Net incoming resources before transfers between funds			636,894		636,894	154,591
Net incoming resources Other recognised gains	before and losses		636,894		636,894	154,591
Other recognised gains	and losses
Net movement in funds			636,894		636,894	154,591
Reconciliation offunds
Total funds brought forward			1,073,764		1 073764	919173
Total Funds carried forward			1,710,658		1,710,658	1,073,764

		2023	2022
		6	2
Turnover		860,391	330,730
Direct costs of turnover		222,056	175,203
Gross surplus		638,335	155,527
Governance costs Other resources expended		1,440 1	840 96
Operating surplus		636,894	154,591
Surplus on ordinary activities before	tax	636,894	154,591
Surplus for the financial year		636,894	154,591
Retained surplus for the financial year		636,894	154,591
All activities derive from continuing	operations

Statement ofTotal	Recognised	Recognised	Gains and Losses	Gains and Losses
for the year ended	31 March	2023
					2023			2022
Excess of Expenditure	over income before realisation			ofassets	636,894			154,591
Profit per Profit and Loss account					636,894			154,591
Net Movement in funds before		taxation			636,894			154,591
Movements in revenue and		capital funds
for the year ended	31 March	2023
Revenue accumulated funds					Unrestricted	Restricted	Total	Last year
					Funds	Funds	Funds	Total Funds
					2023	2023	2023	2022
						f	6	F.
Accumulated funds brought forward					1,073,764		1,073,764	919,173
Recognised gains and	losses before		transfers		636,894 1,710,658		636,894 1,710,658	154,591 1,073,764
Closing revenue accumulated		funds			1,710,658		1,710,658	1,073,764
Summary of funds				Designated	Unrestricted	Restricted	Total	Last Year
				Funds	Funds	Funds	Funds	TotalFunds
				2023	2023	2023	2023	2022
Revenue accumulated	funds				1,710,658		1,710,658	1,073,764
Total funds					1,710,658		1,710,658	1,073,764

as at 31 March 202	3
						2023		2022
Fixed assets
Tangible assets						674,018		702,265
Total fixed assets						687,353		702,265
Current assets
Debtors				6	34,501		34,500
Cash at bank and in	hand				1,023,794		358,475
Total current assets					1,058,295		392,975
Creditors:-
amounts due within one year				7	(29,245)		(21,476)
Net current assets						1,029,050		371,499
Total assets less current		liabi%ties				1,716,403		1,073,764
Net assets excluding	pension asset f			liability		1,716,403		1,073,764
Net assets including pension asset I liability						1,716,403		1,073,764
The funds ofthe charity:
Unrestricted income	funds
Unrestricted revenue	accumulated		funds		1,716,403		1,073,764
Total unrestricted	funds					1,716,403		1,073,764
Total charity funds						1,716,403		1,073,764
Mr Abdirahman Mohamed		Ali				Ahmed I Sarman
Trustee						Treasurer
Approved by the board oftrustees			on	18December 2023

5	Tangible functional	fixed	fixed	assets
					Freehold	Fixtures		and	Bugding	Plant snd
					Land and		Figlngs 6		Improvements	Machinery 6		Total 6
	Asset cost, valuagon		or revalued		amount
	At 1 Ap(6 2022				662,546		22,920		388686	27,862	1,102,014
	Additions
	At 31 March 2023				662,546		22,920		388686	27,862	1	102014
	Accumulated depreciation			and Impairment provisions
	At 1 Aprg 2022				114,629		22,398		237,010	25,713		399,750
	Depreciation on revaluation
	Charge for the year				10,958			78	16501.00	709		28246
	At 31 March 2023				125587		22,476		253511	26,422		427 996
	Net book value
	At 31 March 2023				536959			444	135175	1 440		674018
	At 31 March 2022				547917			522	151676	2 149		702 265
6	Debtors									2023		2022
										6		6
	Other Debtors									34,501		34,500
7	Creditors: amounts	faglng		due within ons year						2023		2022
										6		6
	Accrued expenses									1,440		840
	PATE and Nl Wages Due									16,295 654		7,680 2,648
	Other Creditors									10,000		10,000
	Unpaid Pension Conlribugons									856		308
										~9245		21,476
8	Particulars ofIndividual		Funds and analysis of			assets	and	liabgltles representing		funds
	At 31 March 2023				Unrestricted	Designated				Restricted	Total
					funds	funds				funds	Funds
					6					6
	Tangible Fixed Assets				674,018						674,018
	Current Assets Current Liabilities				1,058,295 ~29,245 1,716,403						1,058,295 ~29,24~5 ~1,716403
At 1 Aprg 2022					Unrestricted	Designated				Restricted	Total
					funds	funds				funds	Funds
Tangible Fixed Assets					702,265						702,265
Current Assets Current Liab9itles				392,975 ~21,476 1,073,764							392,975 ~21,476 1,073,764