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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|
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|||||||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.|||||||
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||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|
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||||||||Land 8|Investment|Fixtures,
Fittings|Fixtures,
Fittings||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Buildings||Property|8 Equipment|||Total||
|||||||||F|E||F|||
|At Cost or valuation||1 August||2022||1,575,748||3,080,000|63,627|4,719,375||||
|Addtions||||||||||||||
|Disposals||||||||||||||
|FV Gains/(losses)||on Investment|||Property|revaluation||||||||
|Transfers|to Investment||property|||||||||||
|||||||1,575,748||3,080,000|63,627|4,719,375||||
|Depreciation
b/fwd.|||||||||59,358||59,358|||
|Depreciation
for the year|||||||||854|||854||
|Depreciation
on disposal||||||||||||||
||||||||||60,212||60,212|||
|Net book|value at 31 May 2023|||||1,575,748||3,080,000|3,415|4,659,163||||
|Net book|value at 31 May 2022|||||1,575,748||3,080,000|4,269|4,660,017||||
|The net book value||of tangible||fixed assets||investment|comprised|of:|2023||||2022|
||||||||||E|||||
|Investment|ro erties:|||||||||||||
|Compass
169Mile|House,
Neville
End Road||Street||||||1,200,000
1,880,000||||1,200,000
1,880,000|
||||||||||3,080,000||||1,880,000|
||||||||||2023||||2022|
|Fair Value|reconciliation||||||||E||||E|
|Cost of investment||Properties|||||||3,080,000||||3,080,000|
|Gains
/ (losses) on||revaluation||of|Fixed assets|||||||||
||||||||||3,080,000||||3,080,000|
##
|||||
|---|---|---|---|
|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|
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|15|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|
|16|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|
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