REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
WHITLEY BAY ISLAMIC CULTURAL CENTRE
WHITLEY BAY ISLAMIC CULTURAL CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 to 11 |
| Notes to the Financial Statements | 12 to 21 |
| Detailed Statement of Financial Activities | 22 to 23 |
WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Apologies for the delay in last year's submissions of our annual report, however due to COVID 19 isolations we were restricted in our ability to submit on time.
OBJECTIVES AND ACTIVITIES Objectives and aims
The objectives of Whitley Bay Islamic Cultural Centre are to:-
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To provide the benefit of the community in North Tyneside without distinction of age, sex, political or other options by associating the Muslim people, the Local Authority and voluntary organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of the said people;
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To promote diversity, integration, and building relations with all communities through the establishment of the centre as an inclusive safe place for all;
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To educate,inform, understand and elucidate the teachings of Islam as a religion and all its principles in the North Tyneside area for the benefit of the public; through after school education of children, adult classes, public lectures and discussions with the aim to bring unity amongst people;
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To help and support ethnic minorities within the North Tyneside community; providing them a place to raise concerns, seek advice and speak freely of any difficulty they face.
In pursuance of these objectives the Charity hosts a range of services and activities for the benefit of the public.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE Charitable activities
Youth Activities
This year we increased our focus to the youth, to provide activities in a safe environment for them to engage and indulge with, with the hopes that in future they will see the benefits of volunteering and charity work. We also hope this will help built a connection between the Charity and the future generation. We started with a successful 'Boys Weekend' at the Charity where we allowed the boys to stay in the premises for a weekend.
Prayer Facilities and Teaching
The Mosque is open to the public every day from 10am until 8/9pm. It is in some cases open almost 24 hours a day during the month of Ramadan where we see the most activity in the Mosque. The average weekly footfall for prayers is around 300 people, with Friday prayer over 150 people. The Friday sermon is delivered in English and recorded for sharing on the Charity's social media platforms. The Charity offers part-time education for children and young adults under-18 after school. The Academy currently has 70 children enrolled.
Health & Wellbeing
The Charity has taken an initiative to discover ideas to encourage the community to maintain a healthy lifestyle. We started with a discussion with North Tyneside Council to start a Body Benefits programme alongside Active North Tyneside which saw an attendance of over 20 men and women. The programme consisted of a discussion about health overall followed by a short exercise class ranging from HIIT to boxercise.
Women Swimming
With the increased interest in health across the community we've worked with North Tyneside Council to provide free swimming sessions for Women once a week. We've had over 30 women attending the swimming sessions with incredibly positive responses overall.
Community Gym
After a success with the Body Benefits programme the Charity decided to resolve a common problem that members of the BAME community face with regards to Gym accessibility and inclusivity. The core concern revolved around women-only gyms with an affordable price, which does not currently exist in North Tyneside. Working with North Tyneside Council we've managed to secure funding to help support in creating this new Gym for the community.
Toy Library
As part of the Academy the students have access to a weekly Toy Library where students can spend an hour having self-expression time with access to exciting toys and games.
ACTIVITIES
This year started on the back of COVID-19 restrictions where we saw multiple closures of the Charity's facilities. This further impacted the start of this year with reduced number of activities running day-to-day.
As COVID-19 vaccinations were not complete across the UK, the charity worked with North Tyneside Council and several local clinics to provide vaccination centres to the local public. We ran an additional vaccination centre this year in May which saw great attendance for those who are needing their second dose of the vaccine.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Alongside the vaccination centres the Charity extended the COVID-19 Testing Centre until 20th June. The Charity was also recognised by the local press for the efforts of all the volunteers who enabled the COVID-19 Testing Centre to run smoothly.
We had to switch our online donations platform as Virgin Donations announced to end their services, to which we discovered Wonderful Payments that allow the Charity to collect online donations without incurring any fees.
The Charity continued to host Open Days for local schools and organisations to help educate about Islam and the activities that we hold within the Islamic Centre. The Charity takes pride in having the facilities to accommodate large groups of students and provide education to the wider community.
The Charity's evening classes for children continued in person as we migrate from online classes back to classes on premises. These classes continued every weekday with holidays over the weekend.
We restarted several classes for both Adults and Young Adults throughout the year. These classes ranged from Islamic education, health education, academic support and general support sessions on mental health and wellbeing.
We offer a wide range of services for both Muslim and non-Muslim, often in partnership with other organisations. The Charity places great emphasis on establish good relationships with others in the wider community so that we can come together for the common good and help create a brighter future for our next generation.
The repair for the flat roof work has started and we have raised funds from within the community. We hope the roof repair will be completed next year and we'll have the ability to hire out the hall as an additional source of revenue.
Fundraising activities
In the years since the Charity began it has managed to raise over £586,253, from voluntary contributions and donations. This has allowed the charity to continue to carry out its activities.
In order to achieve its objectives the Charity needs to continue to acquire funds in the form of donations and voluntary contributions.
The charity has raised funds to acquire the freehold of the land from North Tyneside Council.
FINANCIAL REVIEW
Reserves policy
The directors have explored the charity's requirements for reserves in light of the main risks to the organisation. The aim is to build up unrestricted funds representing at least six months of the charity's normal expenditure (approx. £42,922). The reserves are needed to meet the working capital requirements of the charity in order to maintain the charity's current activities. The present level of unrestricted reserves available to the charity is £232,361 which represents the property value of £266,271 offset by interest free loans from the late Mr Abdul Hannan and his family of £142,437 therefore giving property reserves of £123,834. This leaves the charity with unrestricted reserves of £108,527 at the year end. The directors are also aware that the new building increases the level of normal expenditure and these increased costs will have to be met from the generation of funds from the community.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Transactions and financial position
The total incoming resources in the year were £116,337 of which £84,323 were unrestricted. The Statement of Financial Activities shows an unrestricted surplus for the year of £22,493 this is due to the grant support from North Tyneside Council.
As noted above, total unrestricted reserves at 31 March 2023 amounted to £232,361. These reserves are invested in the property value £266,271 after deduction of loans of £142,437 giving a net figure of £123,834, the property requires substantial renovation so a designated amount of £30,000 has been set aside for the ongoing repairs and maintenance together with the overheads reserve of £42,922 leaves the charity with free reserves of £35,605 at the Balance Sheet date.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
PLANS FOR THE FUTURE
Governance and administration
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Continue to review policies and procedures to deliver a stronger governance structure.
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Establish a robust induction process and create an annual training programme for trustees
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Plan for succession of trustees and members, build capacity and improve processes to increase diversity, ensure a broad range of skills, and improve compliance.
Fundraising and income generation
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Build sustainable income for the Charity, to be less reliant upon public donations for day-to-day running of the Charity.
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Improve use of internet and social media streams through digital fundraising.
Projects and services
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Establish process for staff annual training and policies.
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Carry out review of the Charity's Islamic Academy.
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Provide health and wellbeing services for the public including the Gym.
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Build relationships between young people and the Charity.
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Find ways to offer social and recreational opportunities for young people.
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Enhance support for new Muslims.
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Find ways to provide services for the elderly.
Developing relationships
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Find ways to work with wider society.
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Provide courses and seminars that give a balanced and contextual understanding of Islam.
Assets and premises
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Continue refurbishment of the premises to enhance the appeal.
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Start hall renovations to allow public use for hire.
The Charity is working towards developing further activities which benefit both the Muslim community and the wider community - creating a truly integrated and vibrant centre for the neighbourhood.
It's hoped that this will allow the charity to arrange and extend its activities within the community to bring people together and to provide a place where people can meet and for residents to use.
Community consultation has shown specific needs and priorities for the local area and identified potential partners who we can work with to address these needs.
The charity also intends to continue its youth programmes including IT support for children and ESOL classes, and it will work with other partners to bring more activities to the centre and the neighbourhood, especially arts and sports, which are a high priority for local people. The charity also has excellent relationships with local schools and is becoming involved with them through helping with religious and cultural awareness and citizenship classes.
A further need identified was the provision of easily accessible childcare for young children and the charity is looking to convert part of the premises into a crèche to facilitate this.
The Charity is looking to introduce a female teacher within the Islamic Academy. This will not only allow the Academy to bring in more pupils but also give the female community a person to reach out to. We hope this will help with future mental health and wellbeing sessions we hold in the centre.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Whitley Bay Islamic Cultural Centre was incorporated on 9 September 1998 as a company limited by guarantee governed by a Memorandum and Articles of Association and a registered Charity from 16 April 1999.
Recruitment and appointment of new trustees
All Directors of the company are also Trustees of the Charity, and there are no other Trustees. The Trustees named above have all served throughout the period. The Board has the power to appoint additional Trustees as it considers fit to do so. The Charity is organised so that the Trustees meet regularly to manage its affairs. The secretary deals with any administration duties to be performed.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03629093 (England and Wales)
Registered Charity number
1075136
Registered office
Rink Way Hillheads Road Whitley Bay Tyne and Wear NE25 8HR
Trustees
M U Hannan S Uddin M Ali M A Hannan S Hussain T A Hannan
Company Secretary
M U Hannan
Independent Examiner
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
Bankers
Barclays Bank Plc 3 Northumberland Square North Shields Tyne and Wear NE30 1QX
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Staff
A R Al Amin
S H R Syed Almomin M R Hussain M Zaman
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 15 December 2023 and signed on its behalf by:
M U Hannan - Trustee
Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHITLEY BAY ISLAMIC CULTURAL CENTRE
Independent examiner's report to the trustees of Whitley Bay Islamic Cultural Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nicholas Liley FCA
Read, Milburn & Co North Shields
19 December 2023
Page 8
WHITLEY BAY ISLAMIC CULTURAL CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 55,012 Charitable activities 3 Grant income 5,740 Other income 23,571 Total 84,323 EXPENDITURE ON Charitable activities 4 Staff and support costs 25,805 Activities expenses and equipment 5,280 Premises and administration costs 46,543 Total 77,628 NET INCOME 6,695 Transfers between funds 15 15,798 Net movement in funds 22,493 RECONCILIATION OF FUNDS Total funds brought forward 209,868 TOTAL FUNDS CARRIED FORWARD 232,361 |
Restricted funds £ - 32,014 - 32,014 - 2,950 5,266 8,216 23,798 (15,798) 8,000 4,445 12,445 |
2023 Total funds £ 55,012 37,754 23,571 116,337 25,805 8,230 51,809 85,844 30,493 - 30,493 214,313 244,806 |
2022 Total funds £ 66,408 26,218 7,590 100,216 29,372 198 15,946 45,516 54,700 - 54,700 159,613 214,313 |
|---|---|---|---|
The notes form part of these financial statements
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
BALANCE SHEET 31 MARCH 2023
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 £ 279,135 110,757 (145,086) (34,329) 244,806 244,806 232,361 12,445 244,806 |
2022 £ 266,271 93,932 (145,890) (51,958) 214,313 214,313 209,868 4,445 214,313 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
BALANCE SHEET - continued 31 MARCH 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2023 and were signed on its behalf by:
M U Hannan - Trustee
S Uddin - Trustee
The notes form part of these financial statements
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
Going Concern
The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property Fixtures and fittings - 25% on cost Computer equipment - 33% on cost
Freehold properties are maintained to a high standard to ensure that their value does not diminish further over time. The maintenance costs are charged to the profit and loss account in the year incurred. In the directors' opinion, depreciation would be immaterial and has therefore not been charged. In arriving at this opinion, an annual impairment review is undertaken.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Unrestricted Restricted funds funds £ £ Donations 55,012 - INCOME FROM CHARITABLE ACTIVITIES Activity North Tyneside Council Grant income Voda Grant income Sport England-Rise North East Grant income |
2023 Total funds £ 55,012 2023 £ 5,740 22,735 9,279 37,754 |
2022 Total funds £ 66,408 2022 £ 26,218 - - 26,218 |
|---|---|---|
3. INCOME FROM CHARITABLE ACTIVITIES
4. CHARITABLE ACTIVITIES COSTS
| Direct Support Costs (see costs (see note 5) note 6) £ £ Staff and support costs 25,805 - Activities expenses and equipment 8,230 - Premises and administration costs - 51,809 34,035 51,809 |
Totals £ 25,805 8,230 51,809 85,844 |
|---|---|
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 5. DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 £ Staff costs 25,805 Activity expenses 7,289 Professional fees 835 Travel expenses 106 34,035 6. SUPPORT COSTS Governance Management costs £ £ Premises and administration costs 50,759 1,050 Support costs, included in the above, are as follows: 2023 Premises and administration costs £ Insurance 1,240 Light and heat 5,780 Telephone, printing & postage 735 Postage and stationery 641 Repairs and maintenance 36,083 Professional fees 13 Computer consumables 39 Bank charges 111 Cleaning and sundries 60 Donations 1,600 Depreciation of tangible and heritage assets 4,457 Accountancy charges 1,050 51,809 |
2022 £ 29,372 185 13 - 29,570 Totals £ 51,809 2022 Total activities £ 1,250 6,312 683 828 4,667 552 85 48 146 325 - 1,050 15,946 |
|---|---|
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Accountancy charges Depreciation - owned assets |
2023 £ 1,050 4,457 |
2022 £ 1,050 - |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
9. STAFF COSTS
| 2023 £ Wages and salaries 25,805 25,805 The average monthly number of employees during the year was as follows: 2023 Teaching work 4 No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 66,408 - Charitable activities Grant income 21,773 4,445 Other income 7,590 - Total 95,771 4,445 |
2022 £ 29,372 29,372 2022 4 Total funds £ 66,408 26,218 7,590 100,216 |
|---|---|
EXPENDITURE ON
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 10. | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | FINANCIAL ACTIVITIES - | continued | continued |
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| fund | funds | funds | |||||||
| £ | £ | £ | |||||||
| Charitable activities | |||||||||
| Staff and support costs | 29,372 | - | 29,372 | ||||||
| Activities expenses and equipment | 198 | - | 198 | ||||||
| Premises and administration costs | 15,946 | - | 15,946 | ||||||
| Total | 45,516 | - | 45,516 | ||||||
| NET INCOME | 50,255 | 4,445 | 54,700 | ||||||
| RECONCILIATION OF FUNDS | |||||||||
| Total funds brought forward | 159,613 | - | 159,613 | ||||||
| TOTAL FUNDS CARRIED | |||||||||
| FORWARD | 209,868 | 4,445 | 214,313 | ||||||
| 11. | TANGIBLE FIXED ASSETS | ||||||||
| Improvements | Fixtures | ||||||||
| Freehold | to |
and | Computer | ||||||
| property | property |
fittings | equipment | Totals | |||||
| £ | £ | £ | £ | £ | |||||
| COST | |||||||||
| At 1 April 2022 | 266,271 | 18,863 | 9,247 | 6,417 | 300,798 | ||||
| Additions | - | - | 15,798 | 1,523 | 17,321 | ||||
| At 31 March 2023 | 266,271 | 18,863 | 25,045 | 7,940 | 318,119 | ||||
| DEPRECIATION | |||||||||
| At 1 April 2022 | - | 18,863 | 9,247 | 6,417 | 34,527 | ||||
| Charge for year | - | - | 3,950 | 507 | 4,457 | ||||
| At 31 March 2023 | - | 18,863 | 13,197 | 6,924 | 38,984 | ||||
| NET BOOK VALUE | |||||||||
| At 31 March 2023 | 266,271 | - | 11,848 | 1,016 | 279,135 | ||||
| At 31 March 2022 | 266,271 | - | - | - | 266,271 |
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other loans (see note 13) Accrued expenses 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Fixed assets 279,135 Current assets 98,312 Current liabilities (145,086) 232,361 15. MOVEMENT IN FUNDS At 1/4/22 £ Unrestricted funds General fund 209,868 Restricted funds North Tyneside Council-grant for boiler 4,445 Voda-Gym and Health and Fitness Activities - Sport England-Rise North East-Gym and Health and Fitness Activities - 4,445 TOTAL FUNDS 214,313 |
Restricted funds £ - 12,445 - 12,445 Net movement in funds £ 6,695 (4,445) 19,785 8,458 23,798 30,493 |
2023 £ 142,437 2,649 145,086 2023 £ 142,437 2023 Total funds £ 279,135 110,757 (145,086) 244,806 Transfers between funds £ 15,798 - (15,798) - (15,798) - |
2022 £ 142,437 3,453 145,890 2022 £ 142,437 2022 Total funds £ 266,271 93,932 (145,890) 214,313 At 31/3/23 £ 232,361 - 3,987 8,458 12,445 244,806 |
|---|---|---|---|
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds North Tyneside Council-grant for boiler Voda-Gym and Health and Fitness Activities Sport England-Rise North East-Gym and Health and Fitness Activities TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds North Tyneside Council-grant for boiler TOTAL FUNDS |
Incoming resources £ 84,323 - 22,735 9,279 32,014 116,337 At 1/4/21 £ 159,613 - 159,613 |
Resources Movement expended in funds £ £ (77,628) 6,695 (4,445) (4,445) (2,950) 19,785 (821) 8,458 (8,216) 23,798 (85,844) 30,493 Net movement At in funds 31/3/22 £ £ 50,255 209,868 4,445 4,445 54,700 214,313 |
|---|---|---|
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds North Tyneside Council-grant for boiler TOTAL FUNDS |
Incoming resources £ 95,771 4,445 100,216 |
Resources Movement expended in funds £ £ (45,516) 50,255 - 4,445 (45,516) 54,700 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Voda-Gym and Health and Fitness Activities Sport England-Rise North East-Gym and Health and Fitness Activities TOTAL FUNDS |
At 1/4/21 £ 159,613 - - - 159,613 |
Net movement in funds £ 56,950 19,785 8,458 28,243 85,193 |
Transfers between funds £ 15,798 (15,798) - (15,798) - |
At 31/3/23 £ 232,361 3,987 8,458 12,445 244,806 |
|---|---|---|---|---|
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds North Tyneside Council-grant for boiler Voda-Gym and Health and Fitness Activities Sport England-Rise North East-Gym and Health and Fitness Activities TOTAL FUNDS |
Incoming resources £ 180,094 4,445 22,735 9,279 36,459 216,553 |
Resources Movement expended in funds £ £ (123,144) 56,950 (4,445) - (2,950) 19,785 (821) 8,458 (8,216) 28,243 (131,360) 85,193 |
|---|---|---|
Central Heating Boiler
North Tyneside Council provided a grant for a boiler replacement which was installed this year.
Whitley Bay Community Gym project
Funding was provided by Voda to set up a gym in the community centre through the North Tyneside Health Inequalities Grant programme.
Active North Tyneside's Body Benefits programme
Sport England through the Rise North East are funding the running of health and fitness activities programme aimed at the lower socio-economic groups, culturally diverse communities and people with long term health conditions.
Transfers between funds
The fund transfers represent the transfer of restricted funds to unrestricted funds where a portion of the grant funding has been used to purchase fixed assets. Other transfers represent the completion of a project with the transfer of the remaining funds to unrestricted.
continued...
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
17. ULTIMATE CONTROLLING PARTY
The charitable company is under the control of the trustees.
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities North Tyneside Council Voda Sport England-Rise North East Other income Childrens fees Miscellaneous income Total incoming resources EXPENDITURE Charitable activities Wages Activity expenses Professional fees Travel expenses Support costs Management Insurance Light and heat Telephone, printing & postage Postage and stationery Repairs and maintenance Professional fees Computer consumables Bank charges Cleaning and sundries Donations Carried forward |
2023 £ 55,012 5,740 22,735 9,279 37,754 21,985 1,586 23,571 116,337 25,805 7,289 835 106 34,035 1,240 5,780 735 641 36,083 13 39 111 60 1,600 46,302 |
2022 £ 66,408 26,218 - - 26,218 - 7,590 7,590 100,216 29,372 185 13 - 29,570 1,250 6,312 683 828 4,667 552 85 48 146 325 14,896 |
|---|---|---|
This page does not form part of the statutory financial statements
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WHITLEY BAY ISLAMIC CULTURAL CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Management Brought forward Fixtures and fittings Computer equipment Governance costs Accountancy charges Total resources expended Net income |
2023 £ 46,302 3,950 507 50,759 1,050 85,844 30,493 |
2022 £ 14,896 - - 14,896 1,050 45,516 54,700 |
|---|---|---|
This page does not form part of the statutory financial statements
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