2023-05-31-accounts - Community Development Trust

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Contents	Page
Directors'/Trustees' report	4-8
Independent Examiner's report	9-10
Statement of Financial Activities
Statement of Financial Position	12
Notes to the financial statements	13-18

						Total	Total
				Unrestricted	Restricted	2023	2022
			Notes		f.	F	F
Incomin Resources
Donations and legacies				35,495		35,495	51,481
Investment Income				149,014		149,014	221,171
Grants and other income							1,885
				184,509		184,509	274,537
Resources Ex ended
Investment Management	Costs			37,724		37,724	12,934
Direct Charitable expenditure				39,843		39,843	39,726
Management and Administration				38,033		38,033	36,689
Total Resources Expended				115,600		115,600	89,348
Net income from charity's	activities			68,909		68,909	185,189
Gains / (losses) on property		Disposal					60,988
Net Movement before unrealised
gains		and losses		68,909		68,909	246,177
Net Movement in Funds				68,909		68,909	246,177
Reconciliation offunds:
Funds as at 1 June 2022			16	4,863,831	3,385	4,867,216	4,621,039
Funds as at 31 May 2023				4,932,740	3,385	4,936,125	4,867,216

		ISLAMIC FORUM TRUST	ISLAMIC FORUM TRUST	ISLAMIC FORUM TRUST	ISLAMIC FORUM TRUST	ISLAMIC FORUM TRUST
		(A Company		Limited	by Guarantee)
		STATEMENT		OF FINANCIAL POSITION
			AS AT31 MAY2023
							Total	Total
Fixed Assets:		Notes					2023	2022f
Freehold Land and Buildings						1,575,748		1,575,748
Investment Pro periies						3,080,000		3,080,000
Furniture, fixtures	and fittings						3,415	4,269
Current Assets:		10				4,659,163		4,660,017
Other debtors				62,646				148,881
Cash at bank and	in hand			307,251				260,548
Current Liabilities:				369,897				409,429
Amount falling due	within one year	12		92,935				85,544
Net Current Assets / (Liabilities)							276,962	323,885
Total Assets less	Current Uabilities					4,936,125		4,983,902
Creditors:
Amount falling due	aiter one year	13						116,686
Total Net Assets						4,936,125		4,867,216
Funds ofthe Charl
Unrestricted Restricted						4,932,740 3,385		4,863,831 3,385
Total Funds as at	31 May 2023					4,936,125		4,867,216
For the year ended	31 May 2023 the	company	was entitled to		exemption	from	audit under section 477 ofthe
Companies Act 2006 relating to small		companies.

	Ex enses Summa
7	Investment Management	Costs			Unrestricted	Restricted	2023	2022
					E		E	E
	Property maintenance				27,124		27,124	7,861
	Insurance				5,327		5,327	4,953
	Lega I fees							120
	Salaries, Eer's NIC and Pensions				5,273		5,273
					37,724		37,724	12,934
8	Direct Charitable Expenditure				Unrestricted	Restricted	2023	2022
						E		E
	Rent, Rates and Water				9,101		9,101	10,496
	Salaries, Eer's NIC and Pensions			Note 15	24,084		24,084	25,946
	Electricity 8 Gas				5,264		5,264	1,374
	Office insurance				425		425	269
	Cleaning 8 maintenance							842
	Telephone and internet				250		250	327
	Printing, postage and stationery				430		430	371
	Travelling expenses				194		194
	Sundry Expenses				96		96	101
					39843	—	39,843	39,726
9	Management And Administration				Unrestricted	Restricted	2023	2022
					Funds	Funds	Total	Total
	a) Support Cost:				E	f
	Rent, Rates and Water				3,034		3,034	3,499
	Salaries, Eer's NIC and Pensions			Note 15	12,430		12,430	17,056
	Admin support staff				2,853		2,853	1,640
	Office insurance				142		142	90
	Telephone and internet				374		374	491
	Electricity 8 Gas				1,755		1,755	458
	Cleaning & maintenance							281
	Printing, postage and stationery				143		143	124
	ITsoftware and consumables				449		449	345
	Bank and Credit Card Charges				10		10	27
	Depreciation of fixture, fittings		& equipment		854		854	1,443
					22,043		22,043	25,453
	b) Governing Cost:
	Salaries, Eer's NIC and Pensions			Note 15	11,790		11,790	5,686
	Legal fees				2,200		2,200	1,950
	Accountancy Fees				2,000		2,000	1,200
	Auditor Remuneration							2,400
					15,990		15,990	11,236
					38,033		38,033	36,689
	Total Expenses				116,600	-	115,600	89,348


tors:		2023	2022
		F	E
Loan debtors		28,646	37,380
Rent and other debtors		34,000	111,501
Pensions
		62,646	148,881
Amount Falling Due Within One Year		2023	2022
			F
Rent Deposits		35,375	35,375
MCA subscriptions		52,941	29,823
Accruals and deferred	income	2,000	7,200
Payroll, paye and pensions		1,419	1,445
Private Loans		1,200	11,700
		92,935	85,544

Staff Emoluments:	Staff Emoluments:			2023	2022
				E	E
Total wages and Employer's NIC	salaries			52,432	47,522 116
Employer's Pension				1 145	1,051
				53,577	48889
Direct Charitable				23,913	25,947
Others				29,664	22,742
				53,577	48,689
Avg No of employees:		Admin
Avg No of employees:		Direct
Employees paid	in excess of F60,000 during		the year	None	None

Movement in Funds		Unrestricted	Designated	Unrestricted	Restricted	Total
		Fund	Fund	Total	Fund	Fund
		E	E	F
As at 1 June 2022		348,700	4,531,631	4,863,831	3,385	4,867,216
Current year surplus/(deficit)		68,909		68,909		68,909
Gains / (losses) on revaluation	of Fixed assets
Current year transfer		(126,332)	126,332
As at 31 May 2023		291,277	4,657,963	4,932,740	3,385	4,936,125