## **REPORT OF THE DIRECTORS AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
**FOR**
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9 to 10|
|**Notes to the Financial Statements**|11 to 20|
|**Detailed Statement of Financial Activities**|21 to 22|
## **WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
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 2024. 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).
## **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 2024**
## **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 build a connection between the Charity and the future generation.
## **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 200 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 launched initiatives aimed at promoting a healthy lifestyle within the community. We have maintained our partnership with North Tyneside Council and Active North Tyneside's Body Benefits programme, which now regularly attracts 10-20 women. The programme features a health discussion followed by a short exercise class offering a variety of activities such as HIIT and boxercise.
## **Women Swimming**
In collaboration with North Tyneside Council we continue to offer free swimming sessions for Women now held bi-weekly. These sessions have seen consistent attendance, with between 30-50 women participating regularly and receiving overwhelmingly positive feedback..
## **Community Gym**
In June 2023, we proudly opened a community gym within budget, now serving approximately 30 members. We've seen a greater number of women who've taken more interest in the Gym due to the women-only times available every day. It has become a vital revenue-generating facility for the centre. We also hosted an open day in partnership with other health organizations, emphasizing our focus on health and well-being. This event included discussions about Islam, our activities, and future goals, which were warmly received by the community.
## **Free Tennis Sessions: Promoting Active Lifestyles**
In collaboration with Beverly Park Lawn Tennis Club, we organized free tennis sessions for men and women, encouraging physical activity and inclusivity within the community.
## **North Tyneside Together: Celebrating Diversity**
For the first time, we showcased our work at the North Tyneside Together festival, a vibrant event celebrating multicultural diversity. Held on 31 August 2023, the festival featured live music, arts, food stalls, and cultural displays. Our stall allowed us to engage directly with local residents, sharing the positive impact of our activities and building stronger community connections in a welcoming and inclusive setting.
## **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.
Page 2
## **WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **ACTIVITIES**
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.
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 £649,684, 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. £30,029). 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 £282,371 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 £158,537 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.
## **Transactions and financial position**
The total incoming resources in the year were £105,273 all of which were unrestricted. The Statement of Financial Activities shows an unrestricted surplus for the year of £50,010 this is due to the grant support from North Tyneside Council.
As noted above, total unrestricted reserves at 31 March 2024 amounted to £282,371. 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 £30,029 leaves the charity with free reserves of £98,508 at the Balance Sheet date.
Page 3
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **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.
## **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.
Page 4
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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 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
## **Staff**
A R Al Amin T S Chowdhury
Page 5
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
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 16 December 2024 and signed on its behalf by:
M U Hannan - Trustee
Page 6
## **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 2024.
## **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
16 December 2024
Page 7
## **WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
63,431
**Charitable activities**
3
Grant income
5,821
Other income
36,021
**Total**
105,273
**EXPENDITURE ON**
**Charitable activities**
4
Staff and support costs
13,908
Activities expenses and equipment
6,944
Premises and overhead costs
34,498
**Total**
55,350
**NET INCOME/(EXPENDITURE)**
49,923
**Transfers between funds**
16
87
**Net movement in funds**
50,010
**RECONCILIATION OF FUNDS**
Total funds brought forward
232,361
**TOTAL FUNDS CARRIED FORWARD**
282,371|Restricted
funds
£
-
-
-
-
-
2,708
2,000
4,708
(4,708)
(87)
(4,795)
12,445
7,650|2024
Total
funds
£
63,431
5,821
36,021
105,273
13,908
9,652
36,498
60,058
45,215
-
45,215
244,806
290,021|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|
|---|---|---|---|
The notes form part of these financial statements
Page 8
## **WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **BALANCE SHEET 31 MARCH 2024**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2024
£
274,679
1,280
159,208
160,488
(145,146)
15,342
290,021
290,021
282,371
7,650
290,021|2023
£
279,135
-
110,757
110,757
(145,086)
(34,329)
244,806
244,806
232,361
12,445
244,806|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 9
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **BALANCE SHEET - continued 31 MARCH 2024**
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 16 December 2024 and were signed on its behalf by:
M U Hannan - Trustee
S Uddin - Trustee
The notes form part of these financial statements
Page 10
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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 11
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **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
63,431
-
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
North Tyneside Council
Grant income
Voda
Grant income
Sport England-Rise North
East
Grant income|2024
Total
funds
£
63,431
2024
£
3,315
2,506
-
5,821|2023
Total
funds
£
55,012
2023
£
5,740
22,735
9,279
37,754|
|---|---|---|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
## **4. CHARITABLE ACTIVITIES COSTS**
|Direct
Support
Costs (see
costs (see
note 5)
note 6)
£
£
Staff and support costs
13,908
-
Activities expenses and equipment
9,652
-
Premises and overhead costs
-
36,498
23,560
36,498|Totals
£
13,908
9,652
36,498
60,058|
|---|---|
continued...
Page 12
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
2024
£
Staff costs
13,908
Activity expenses
9,494
Professional fees
-
Travel expenses
158
23,560
**6.**
**SUPPORT COSTS**
Governance
Overheads
costs
£
£
Premises and overhead costs
35,448
1,050
Support costs, included in the above, are as follows:
2024
Premises
and
overhead
costs
£
Insurance
1,200
Light and heat
8,360
Telephone, printing & postage
907
Postage and stationery
939
Repairs and maintenance
15,896
Professional fees
234
Computer consumables
114
Bank charges
230
Cleaning and sundries
1,492
Donations
1,620
Depreciation of tangible and heritage
assets
4,456
Accountancy charges
1,050
36,498|2023
£
25,805
7,289
835
106
34,035
Totals
£
36,498
2023
Total
activities
£
1,240
5,780
735
641
36,083
13
39
111
60
1,600
4,457
1,050
51,809|
|---|---|
continued...
Page 13
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Accountancy charges
Depreciation - owned assets|2024
£
1,050
4,456|2023
£
1,050
4,457|
|---|---|---|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **9. STAFF COSTS**
|2024
£
Wages and salaries
13,908
13,908
The average monthly number of employees during the year was as follows:
2024
Teaching work
2
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
55,012
-
**Charitable activities**
Grant income
5,740
32,014
Other income
23,571
-
**Total**
84,323
32,014|2023
£
25,805
25,805
2023
4
Total
funds
£
55,012
37,754
23,571
116,337|
|---|---|
## **EXPENDITURE ON**
continued...
Page 14
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**10.**|**COMPARATIVES FOR THE STATEMENT OF**|**COMPARATIVES FOR THE STATEMENT OF**|**COMPARATIVES FOR THE STATEMENT OF**|**COMPARATIVES FOR THE STATEMENT OF**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|**FINANCIAL ACTIVITIES - continued**|
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|
|||||||fund|funds|funds|
|||||||£|£|£|
||**Charitable activities**||||||||
||Staff and support costs|||||25,805|-|25,805|
||Activities expenses and equipment|||||5,280|2,950|8,230|
||Premises and overhead costs|||||46,543|5,266|51,809|
||**Total**|||||77,628|8,216|85,844|
||**NET INCOME**|||||6,695|23,798|30,493|
||**Transfers between funds**|||||15,798|(15,798)|-|
||**Net movement in funds**|||||22,493|8,000|30,493|
||**RECONCILIATION OF FUNDS**||||||||
||Total funds brought forward|||||209,868|4,445|214,313|
||**TOTAL FUNDS CARRIED**||||||||
||**FORWARD**|||||232,361|12,445|244,806|
|**11.**|**TANGIBLE FIXED ASSETS**||||||||
|||||Improvements||Fixtures|||
|||Freehold||
to||and|Computer||
|||property||
property||fittings|equipment|Totals|
|||£||£||£|£|£|
||**COST**||||||||
||At 1 April 2023 and||||||||
||31 March 2024|266,271||18,863||25,045|7,940|318,119|
||**DEPRECIATION**||||||||
||At 1 April 2023||-|18,863||13,197|6,924|38,984|
||Charge for year||-||-|3,949|507|4,456|
||At 31 March 2024||-|18,863||17,146|7,431|43,440|
||**NET BOOK VALUE**||||||||
||At 31 March 2024|266,271|||-|7,899|509|274,679|
||At 31 March 2023|266,271|||-|11,848|1,016|279,135|
Page 15
continued...
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
|**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 14)
Accrued expenses
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**15.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
fund
funds
£
£
Fixed assets
274,679
-
Current assets
152,838
7,650
Current liabilities
(145,146)
-
282,371
7,650|2024
£
1,280
2024
£
142,437
2,709
145,146
2024
£
142,437
2024
Total
funds
£
274,679
160,488
(145,146)
290,021|2023
£
-
2023
£
142,437
2,649
145,086
2023
£
142,437
2023
Total
funds
£
279,135
110,757
(145,086)
244,806|
|---|---|---|
Page 16
continued...
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS**
|Net
movement
At 1/4/23
in funds
£
£
**Unrestricted funds**
General fund
232,361
49,923
**Restricted funds**
Voda-Gym and Health and Fitness
Activities
3,987
(3,900)
Sport England-Rise North East-Gym
and Health and Fitness Activities
8,458
(808)
12,445
(4,708)
**TOTAL FUNDS**
244,806
45,215
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
105,273
**Restricted funds**
Voda-Gym and Health and Fitness
Activities
-
Sport England-Rise North East-Gym
and Health and Fitness Activities
-
-
**TOTAL FUNDS**
105,273|Transfers
between
At
funds
31/3/24
£
£
87
282,371
(87)
-
-
7,650
(87)
7,650
-
290,021
Resources
Movement
expended
in funds
£
£
(55,350)
49,923
(3,900)
(3,900)
(808)
(808)
(4,708)
(4,708)
(60,058)
45,215|
|---|---|
continued...
Page 17
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1/4/22
in funds
£
£
**Unrestricted funds**
General fund
209,868
6,695
**Restricted funds**
North Tyneside Council-grant for
boiler
4,445
(4,445)
Voda-Gym and Health and Fitness
Activities
-
19,785
Sport England-Rise North East-Gym
and Health and Fitness Activities
-
8,458
4,445
23,798
**TOTAL FUNDS**
214,313
30,493
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
84,323
**Restricted funds**
North Tyneside Council-grant for
boiler
-
Voda-Gym and Health and Fitness
Activities
22,735
Sport England-Rise North East-Gym
and Health and Fitness Activities
9,279
32,014
**TOTAL FUNDS**
116,337|Transfers
between
At
funds
31/3/23
£
£
15,798
232,361
-
-
(15,798)
3,987
-
8,458
(15,798)
12,445
-
244,806
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|
|---|---|
continued...
Page 18
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is 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**|At 1/4/22
£
209,868
4,445
-
-
4,445
214,313|Net
movement
in funds
£
56,618
(4,445)
15,885
7,650
19,090
75,708|Transfers
between
funds
£
15,885
-
(15,885)
-
(15,885)
-|At
31/3/24
£
282,371
-
-
7,650
7,650
290,021|
|---|---|---|---|---|
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
£
189,596
-
22,735
9,279
32,014
221,610|Resources
Movement
expended
in funds
£
£
(132,978)
56,618
(4,445)
(4,445)
(6,850)
15,885
(1,629)
7,650
(12,924)
19,090
(145,902)
75,708|
|---|---|---|
## **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.
continued...
Page 19
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
## **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.
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
## **18. ULTIMATE CONTROLLING PARTY**
The charitable company is under the control of the trustees.
Page 20
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Charitable activities**
North Tyneside Council
Voda
Sport England-Rise North East
**Other income**
Childrens fees
Miscellaneous income
Gym memberships
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Activity expenses
Professional fees
Travel expenses
**Support costs**
**Overheads**
Insurance
Light and heat
Telephone, printing & postage
Postage and stationery
Repairs and maintenance
Professional fees
Computer consumables
Bank charges
Cleaning and sundries
Carried forward|2024
£
63,431
3,315
2,506
-
5,821
25,712
9,185
1,124
36,021
105,273
13,908
9,494
-
158
23,560
1,200
8,360
907
939
15,896
234
114
230
1,492
29,372|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
44,702|
|---|---|---|
This page does not form part of the statutory financial statements
Page 21
**WHITLEY BAY ISLAMIC CULTURAL CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**Overheads**
Brought forward
Donations
Fixtures and fittings
Computer equipment
**Governance costs**
Accountancy charges
Total resources expended
**Net income**|2024
£
29,372
1,620
3,949
507
35,448
1,050
60,058
45,215|2023
£
44,702
1,600
3,950
507
50,759
1,050
85,844
30,493|
|---|---|---|
This page does not form part of the statutory financial statements
Page 22