2023-03-31-accounts - Holloway Educational And Cultural Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Pages
Trustees' Annual Report		2to6
Independent Examiner's	Report	7to7
Statement of Financial Activities		8to8
Balance Sheet		9to9
Statement ofCash flows		16to 16
Notes tothe Accounts		10to 15
Detailed Statement ofFinancial Activities		16to 18

			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes	E	E	E
Income and	endowments
from:
Donations	and legacies		464	464	35,017
Charitable	activities		20,500	20,500	4,497
Rental income &Interest			55,021	55,021	60,548
Total			75,985	75,985	100,062
Expenditure	on:
Raising funds					11,941
Charitable	expenditures		35,442	35,442	41,247
Total			35,442	35,442	53,188
Net gains on	investments
Net income			40,543	40,543	46,874
Transfers between funds
Net income	before other
gains/(losses)			40,543	40,543	46,874
Other gains	and losses
Net movement in funds			40,543	40,543	46,874
Reconciliation offunds:
Total funds brought forward			16,439	16,439	(30,435)
Total funds carried forward			56,982	56,982	16,439

Charity No. 110112	Charity No. 110112	8			2023	2022
					f	E
Current assets
Debtors				9	125,000
Cash at	bank and	in hand			115,581	115,490
					240,581	115,490
Net current assets					240,581	115,490
Total assets less current			liabilities		240,581	115,490
Creditors:	Amounts	falling due after more than one year		10	(183,599)	(99,051)
Net assets	excluding	pension asset or liability			56,982	16,439
Total net assets					56,982	16,439
The funds	ofthe charity
Restricted	funds
Unrestricted funds
General	funds				56,982	16,439
					56,982	16,439
Reserves
Totalfunds					56,982	16,439
Approved	by the trustees		on 24 April 2024

last year and no chan	last year and no chan	last year and no chan	last year and no chan	ges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds		These are available for use at the discretion ofthe trustees		in furtherance		of	the
				general objects ofthe charity.
Designated	funds			These are unrestricted funds earmarked by the trustees for particular			purposes.
Revaluation		funds		These are unrestricted funds which include a revaluation	reserve representing				the
				restatement of investment assets at their market values.
Restricted	funds			These are available for use subject to restrictions imposed		by the donor		orthrough
				terms ofan appeal.
Income
Recognition		of		Income is included in the Statement of Financial Activities		(SoFA) when	the charity
income				becomes entitled to, and virtually certain to receive, the	income and the			amount		of
				the income can be measured with sufficient reliability.
Income with		related		Where income has related expenditure the income and related expenditure					is
expenditure				reported gross in the SoFA.
Donations	and			Voluntary income received by way ofgrants, donations and gifts is included in the
legacies				the SoFA when receivable and only when the Charity has	unconditional		entitlement
				to the income.
Tax reclaims		on		Income from tax reclaims is included in the SoFA at the same time as the
donations	and		gifts	gift/donation to which it relates.
Donated services				These are only included in income (with an equivalent amount in expenditure)
and facilities				where the benefit tothe Charity is reasonably quantifiable,		measurable		and
				material.
Volunteer	help			The value ofany volunteer help received is not included	in	the accounts.
Investment		income		This is included in the accounts when receivable.
Gains/(losses)			on	This includes any gain or loss resulting from revaluing investments to market					value
revaluation		of	fixed	at the end ofthe year.
assets
Gains/(losses)			on	This includes any gain or loss on the sale ofinvestments.
investment		assets

s tothe Acc	s tothe Acc	ounts
Expenditure
Recognition		of	Expenditure is recognised on an accruals basis. Expenditure includes		any VAT which
expenditure			cannot be fully recovered, and is reported as part ofthe expenditure		to which it
			relates.
Expenditure		on	These comprise the costs associated with attracting voluntary	income, fundraising
raising funds			trading costs and investment management costs.
Expenditure		on	These comprise the costs incurred by the Charity in the delivery of its activities and
charitable	activities		services in the furtherance ofits objects, including the making	ofgrants and
			governance costs.
Grants payable			All grant expenditure is accounted for on an actual paid basis	plus an	accrual for
			grants that have been approved by the trustees at the end of	the year but not yet
			paid.
Governance		costs	These include those costs associated with meeting the constitutional		and statutory
			requirements ofthe Charity, including any audit/independent	examination fees,
			costs linked to the strategic management ofthe Charity, together with a share of
			other administration costs.
Other expenditure			These are support costs not allocated to a particular activity.

2	Statement	of Financial		Activities - prior year
						Unrestncted
						funds	Total funds
						2022	2022
Income and endowments			from:
	Donations	and legacies				39,514	39,514
	Charitable	activities				6,991	6,991
	Rental and	interest income				53,557	53,557
Total						100,062	100,062
Expenditure on:
	Raising funds					11,941	11,941
	Charitable	expenditure				41,247	41,247
Total						53,188	53,188
Net	income					46,874	46,874
Net	income before other
gains/(losses)						46,874	46,874
Other gains and losses:
Net	movement	in funds				46,874	46,874
Reconciliation		offunds:
Total funds brought forward						(30,435)	(30,435)
Total funds carried forward						16,439	16,439
3	Income from donations			and legacies
					Unrestricted	Total	Total
						2023	2022
					E	E	f
	Online donations				464	464	35,017
					464	464	35,017
4	Income from charitable			activities
					Unrestricted	Total	Total
						2023	2022
					E		E
	Friday collections				20,500	20,500	4,497
					20,500	20,500	4,497

5	Other inco	m	e
							Unrestricted	To~el	Total
								2023	2022
	Rent income						55,000	55,000	53,550
	Interest income						21	21
	HMRC grant								6,991
							55,021	55,021	60,548
6	Expenditure		on raising		funds
								Total	Total
								2023	2022
	Costs ofgenerating			voluntary
	income
	Charitable General	expenditures							11,941
									11,941
7	Other expenditure
							Unrestricted	Total	Total
								2023	2022
									f
	Employee costs						19,758	19,758	19,758
	Motor and	travel costs					4,920	4,920	4,363
	Premises costs						9,527	9,527	16,339
	General administrative				costs		1,237	1,237	787
							35,442	35,442	41,247
8	Staff costs
							2023		2022
	Salaries and		wages				19,758		19,758
							19,758		19,758
	No employee		received		emoluments	in excess off60,000.
9	Debtors
							2023		2022
							f		f
	Other debtors						125,000
							125,000

	amounts	falling	falling	falling	due after more	than one year
								2023		2022
								f
	Quard-E-Hasana							43,000		99,051
	Accruals							140,599
								183,599		99,051
11	Movement		in funds
								Incoming
								resources		At 31
								(including	Resources	March
							At 1April	other gains/losses	expended	2023
							2022	)
								E
	Restricted funds:
	Unrestricted			funds:
	General funds						16,439	75,985	(35,442)	56,982
	Total funds						16,439	75,985	(35,442)	56,982
12	Analysis	of	net		assets between	funds
									Unrestricted
										Total
									funds
										E
	Net current		assets						240,581	240,581
	Creditors provisions	due		in more than one		year and			(183,599)	(183,599)
									56,982	56,982
13	Reconciliation				ofnet debt
										At 31
								At 1April		March
								2022	Cash flows	2023
								E	f	E
	Cash and	cash			equivalents			115,490	91	115,581
								115,490	91	115,581
	Net debt							115,490	91	115,581

		2023	2022
		E	E
Cash flows from operating	activities
Net income per Statement	ofFinancial Activities	40,543	46,874
Adjustments for:
Dividends, interest and	rents from investments	(55,021)	(53,557)
Increase in trade and other receivables		(125,000)
Increase in trade and other payables		84,548
Net cash used in operating	activities	(54,930)	(6,683)
Cash flows from investing	activities
Dividends, interest and	rents from investments	55,021	53,557
Net cash from investing activities		55,021	53,557
Net cash used in financing	activities		(23,314)
Net increase in cash and cash equivalents		91	23,560
Cash and cash equivalents	at the beginning ofthe year	115,490	91,930
Cash and cash equivalents	at the end ofthe year	115,581	115,490
Components ofcash and cash equivalents
Cash and bank balances		115,581	115,490
		115,581	115,490

for the year ended	31M		arch 2	023
					Unrestricted
					funds	Total funds	Total funds
					2023	2023	2022
					E	E	E
Income and endowments			from:
Donations and legacies
Online donations					464	464	35,017
					464	464	35,017
Charitable activities
Friday collections					20,500	20,500	4,497
					20,500	20,500	4,497
Other
Rental income					55,000	55,000	53,550
Interest income					21	21	7
HMRC grant							6,991
					55,021	55,021	60,548
Total income and endowments					75,985	75,985	100,062
Expenditure on:
Costs ofgenerating	donations			and
legacies
Charitable expenditures			General				11,941
							11,941
Total ofexpenditure funds	on		raising				11,941
Employee costs
Salaries/wages					19,758	19,758	19,758
					19,758	19,758	19,758
Motor and travel costs
Vehicles - General	costs				4,920	4,920
Travel and subsistence							4,363
					4,920	4,920	4,363
Premises costs
Premises repairs maintenance	and				9,527	9,527	16,339
					9,527	9,527	16,339
General administrative			costs,
including depreciation		and
amortisation
Stationery and printing					210	210	368
Sundry expenses					568	568
Telephone, fax and broadband					459	459	419
					1,237	1,237	787
Total ofexpenditure	of	other costs			35,442	35,442	41,247

Holloway Educational and Cultural Centre Detailed Statement ofFinancial Activities Total expenditure	35,442	35,442	53,188
Net gains on investments
Net income	40,543	40,543	46,874
Net income before other gains/(losses)	40,543	40,543	46,874
Other Gains
Net movement in funds	40,543	40,543	46,874
Reconciliation offunds:
Totalfunds brought forward	16,439	16,439	(30,435)
Total funds carried forward	56,982	56,982	16,439