## **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:-
1. 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;
2. To promote diversity, integration, and building relations with all communities through the establishment of the centre as an inclusive safe place for all;
3. 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;
4. 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.
Page 1
**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.
Page 2
**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.
Page 3
**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.
Page 4
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **PLANS FOR THE FUTURE**
## **Governance and administration**
1. Continue to review policies and procedures to deliver a stronger governance structure.
2. Establish a robust induction process and create an annual training programme for trustees
3. 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**
4. Build sustainable income for the Charity, to be less reliant upon public donations for day-to-day running of the Charity.
5. Improve use of internet and social media streams through digital fundraising.
## **Projects and services**
6. Establish process for staff annual training and policies.
7. Carry out review of the Charity's Islamic Academy.
8. Provide health and wellbeing services for the public including the Gym.
9. Build relationships between young people and the Charity.
10. Find ways to offer social and recreational opportunities for young people.
11. Enhance support for new Muslims.
12. Find ways to provide services for the elderly.
## **Developing relationships**
13. Find ways to work with wider society.
14. Provide courses and seminars that give a balanced and contextual understanding of Islam.
## **Assets and premises**
15. Continue refurbishment of the premises to enhance the appeal.
16. 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.
Page 5
**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
Page 6
**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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 9
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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...
Page 10
**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
Page 11
**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...
Page 12
**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...
Page 13
**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...
Page 14
**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**
Page 15
continued...
**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|
Page 16
continued...
**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...
Page 17
**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...
Page 18
**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...
Page 19
**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...
Page 20
**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.
Page 21
**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
Page 22
**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
Page 23