**REGISTERED CHARITY NUMBER: 1129470** ## **TRUSTEES' REPORT AND** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MARCH 2024** ## **FOR** ## **CRESCENT LEARNING CENTRE (MAKKI MASJID)** Watergates Ltd 109 Coleman Road Leicester LE5 4LE **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** **----- Start of picture text -----**
Page
Trustees' Report 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7
Statement of Cash Flows 8
Notes to the Statement of Cash Flows 9
Notes to the Financial Statements 10 to 17
**----- End of picture text -----**
**CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2024** The trustees present their report with the financial statements of the charity for the year ended 31st 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 the trust, as set out in its governing document are: "To promote any charitable purpose for the benefit of persons from ethnic minorities resident in Burton Upon Trent and surrounding areas, in particular by the relief of poverty, promotion of health, provision and advancement of education and the provision of facilities for recreation and other leisure-time occupation in the interest of social welfare with the object of improving the conditions of life of the said persons." Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. The principal activities of Crescent Learning Centre (Makki Masjid Trust) in the year under review were those of the registered charity and its principal object remain to provide after-school Islamic education for 7-16 years old in accordance with Sunni Muslim faith and to provide a facility where Muslims can worship. The charity will provide a community centre for social activity with the younger generation in mind. The centre will also provide for the needs of the older generation. The charity's aim is to develop life long leisure interests and help build self confidence and a desire to contribute to the community. ## **Public benefit** The trust carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit both to those who worship at our Mosque and the wider community of Burton on Trent. -1- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2024** ## **ACHIEVEMENT AND PERFORMANCE** Our Mosque provides a centre for our prayers and worship and for the activities associated with our faith. Our community hall provides a valuable recreational resource to all in our local community. During the year under review, we offered a range of religious and community services and activities including: **Prayers:** The Mosque is open all day for daily and Friday prayers. During the week we have over 25 people who regularly attend daily prayers and over 100 who regularly attend Friday prayers. **Festivals:** The Mosque offers food during Ramadan for those attending our Mosque who wish to break their fast together as well as Eid is also celebrated at Mosque. **Funeral facilities:** The Mosque provides a complete funeral service in line with the teachings of Islam. We relieve the deceased's bereaved relatives of the burden of organising burials. **Nikkah (Islamic Marriage):** The Mosque provides Muslim couples with an appropriate location for their Nikkah. Over 11 couples were married at the mosque in the year. **Hifz classes:** Memorisation of the Qur'an is considered an important element of religious education and training. We continue to provide this facility for the young people in the Mosque. We are pleased this programme which continues to run successfully with over 13 young people regularly attending these classes. **Zakat (Charity Giving):** It is a part of our faith that all who are able should offer Zakat. Zakat is collected in proportion to a person's means, in accordance with the teaching of Islam, and is giving of money for a number of specific purposes, including to help others, and to further the teachings of Islam. A Muslim need not give Zakat through the Mosque but we do provide the opportunity for those attending the Mosque to give Zakat and we arrange its distribution for approved purposes. The Zakat Committee of the Mosque collects and distributes the Zakat, none of which is used to fund the Mosque. The Mosque makes no charge for the collection and distribution of Zakat. **Hall facilities:** Our hall is available for use by local groups and organisations. Local charities are also encouraged to make use of our hall. When hall facilities are not required for community use they are available for hire on commercial terms. ## **FINANCIAL REVIEW** During the year, the centre generated an income of £775,570 (2023: £402,021) whereas resources expended amounted to £455,744 (2023: £269,126) thus generating a surplus of £319,826 (2023: £132,895). The incoming resources has increased this year as donations of £255,366 was collected during the year to fund acquisition of investment properties for the benefit of charity as well as donations of £141,210 were collected towards various new appeals. However, although funds collected for acquisition of investment properties were expended during the year, these are shown within Statement of Financial Position due to its capital nature and hence does not assist in reducing surplus. ## **FUTURE PLANS** The charity is looking at the options in which the loans borrowed from individuals can be repaid as soon as possible. They are planning to increase the number of students as well as considering the possibility of collecting more donations to facilitate the repayment of the outstanding loans. In order to support wider cause, the charity has started to renovate existing property from where it operates and this work has continued during following year as well. -2- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Crescent Learning Centre (Makki Masjid Trust) is a registered UK Charity and is governed by its constitution adopted on 18 December 2006 as amended by special resolution dated 11 April 2009. It is an unincorporated charity and it was registered with Charity Commission of England and Wales on 7 May 2009 under charity number 1129470. ## **Appointment of new trustees** The trustees named above are permanent members of the general public who have invested their time, finances and efforts in establishing the Crescent Learning Centre in order to fulfil its aims and objectives and have served throughout the year. Due to the permanent nature of their roles, no elections will be held to replace the Trustees. If a Trustee requires replacing, then that is a matter to be decided independently by the Trustees alone. The nature, reason and requirement for replacement (including the replacement process) would primarily be the concern and responsibility of the Trustees. ## **Organisational structure** The trustees may from time to time make such rules and regulations in their absolute discretion think fit for the management of the institution and may at any time vary such rules and regulations. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1129470 ## **Principal address** 18 Victoria Crescent Burton-On-Trent DE14 2QA ## **Trustees** Mr R Aboojee Mr M Ghodawala Mr T R Aboojee (resigned 22/1/2024) Mr J Ahmed Mr M Sayed (appointed 22/1/2024) Mr R Aboojee is a Principal of The Centre and head teacher of the Madressa and he receives a salary for his services. ## **Independent Examiner** Nazir Malida FCCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE -3- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2024** Approved by order of the board of trustees on 9th October 2024 and signed on its behalf by: Mr R Aboojee - Trustee -4- **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **Independent examiner's report to the trustees of Crescent Learning Centre (Makki Masjid)** I report to the charity trustees on my examination of the accounts of Crescent Learning Centre (Makki Masjid) (the Trust) for the year ended 31st March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Nazir Malida FCCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE 9th October 2024 -5- ## **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Mosque and madressa running
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Mosque and madressa running
**Total**
**NET INCOME**
**Transfers between funds**
16
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
**127,674**
**4,618**
**-**
**132,292**
**6,590**
**75,629**
**82,219**
**50,073**
**269,706**
**319,779**
**915,425**
**1,235,204**|**Restricted**
**funds**
**£**
**643,278**
**-**
**-**
**643,278**
**373,525**
**-**
**373,525**
**269,753**
**(269,706)**
**47**
**61,333**
**61,380**|**31/3/24**
**Total**
**funds**
**£**
**770,952**
**4,618**
**-**
**775,570**
**380,115**
**75,629**
**455,744**
**319,826**
**-**
**319,826**
**976,758**
**1,296,584**|**31/3/23**
**Total**
**funds**
**£**
397,899
3,500
622
402,021
195,274
73,852
269,126
132,895
-
132,895
843,863
976,758| |---|---|---|---|---| The notes on page 0 form part of these financial statements -6- ## **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **STATEMENT OF FINANCIAL POSITION 31ST MARCH 2024** |**Notes**
**FIXED ASSETS**
Tangible assets
11
Investment property
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
15
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Unrestricted**
**fund**
**£**
**736,113**
**398,424**
**1,134,537**
**15,206**
**103,446**
**118,652**
**(2,985)**
**115,667**
**1,250,204**
**(15,000)**
**1,235,204**|**Restricted**
**funds**
**£**
**40,138**
**(40,138)**
**-**
**-**
**61,380**
**61,380**
**-**
**61,380**
**61,380**
**-**
**61,380**|**31/3/24**
**Total**
**funds**
**£**
**776,251**
**358,286**
**1,134,537**
**15,206**
**164,826**
**180,032**
**(2,985)**
**177,047**
**1,311,584**
**(15,000)**
**1,296,584**
**1,235,204**
**61,380**
**1,296,584**|**31/3/23**
**Total**
**funds**
**£**
737,977
-
737,977
121,724
151,897
273,621
(840)
272,781
1,010,758
(34,000)
976,758
915,425
61,333
976,758| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 9th October 2024 and were signed on its behalf by: Mr R Aboojee - Trustee The notes on page 0 form part of these financial statements -7- ## **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of investment property
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**31/3/24**
**£**
**411,353**
**411,353**
**(40,138)**
**(358,286)**
**-**
**(398,424)**
**12,929**
**151,897**
**164,826**|**31/3/23**
**£**
16,630
16,630
(191,454)
-
622
(190,832)
(174,202)
326,099
151,897| |---|---|---| The notes on page 0 form part of these financial statements -8- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024** |**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**31/3/24**
**31/3/23**
**£**
**£**
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**319,826**
132,895
**Adjustments for:**
Depreciation charges
**1,864**
1,145
Interest received
**-**
(622)
Decrease/(increase) in debtors
**106,518**
(121,724)
(Decrease)/increase in creditors
**(16,855)**
4,936|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**31/3/24**
**31/3/23**
**£**
**£**
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**319,826**
132,895
**Adjustments for:**
Depreciation charges
**1,864**
1,145
Interest received
**-**
(622)
Decrease/(increase) in debtors
**106,518**
(121,724)
(Decrease)/increase in creditors
**(16,855)**
4,936|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**31/3/24**
**31/3/23**
**£**
**£**
**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**319,826**
132,895
**Adjustments for:**
Depreciation charges
**1,864**
1,145
Interest received
**-**
(622)
Decrease/(increase) in debtors
**106,518**
(121,724)
(Decrease)/increase in creditors
**(16,855)**
4,936| |---|---|---| |**Net cash provided by operations**|**411,353**|16,630| |**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
**At 1.4.23**
**£**
**Net cash**
Cash at bank and in hand
**151,897**|**Cash flow**
**£**
**12,929**|**At 31.3.24**
**£**
**164,826**| |**151,897**|**12,929**|**164,826**| |**Total**
**151,897**|**12,929**|**164,826**| The notes on page 0 form part of these financial statements -9- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **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. Plant and machinery - 15% on cost Fixtures and fittings - 15% on cost Motor vehicles - 20% on reducing balance ## **MARKET VALUES OF LAND AND BUILDINGS** The charity's freehold land and buildings are used solely for charitable purposes. In the opinion of the trustees the market value of the land and buildings of the charity exceeds the amount shown on the balance sheet, but they do not consider the expense of a professional valuation to be justified. ## **INVESTMENT PROPERTY** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **TAXATION** The charity is exempt from 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. -10- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** **----- Start of picture text -----**
2. DONATIONS AND LEGACIES
31/3/24 31/3/23
£ £
Donations received 654,820 314,693
Gift aid 116,132 83,206
770,952 397,899
3. INVESTMENT INCOME
31/3/24 31/3/23
£ £
Bank interest receivable - 622
4. INCOME FROM CHARITABLE ACTIVITIES
31/3/24 31/3/23
Activity £ £
Madressa fees Mosque and madressa running 4,618 3,500
5. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
31/3/24 31/3/23
£ £
Donations paid 378,165 190,724
Fundraising fees 1,950 4,550
380,115 195,274
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Mosque and madressa running 65,200 10,429 75,629
**----- End of picture text -----**
-11- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** ## **7. SUPPORT COSTS** |Mosque and madressa running
**8.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries|**Governance**
**Finance**
**costs**
**Totals**
**£**
**£**
**£**
**1,121**
**9,308**
**10,429**
**31/3/24**
**31/3/23**
**£**
**£**
**13,000**
28,241| |---|---| ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. **9. STAFF COSTS** |Wages and salaries
The average monthly number of employees during the year was as follows:

Madressa and mosque staff
No employees received emoluments in excess of £60,000.
**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**fund**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
131,243
**Charitable activities**
Mosque and madressa running
3,500
Investment income
622
**Total**
135,365
**EXPENDITURE ON**
Raising funds
-|**31/3/24**

**£**
**26,313**
**26,313**
**31/3/24**

**2**
**Restricted**
**funds**
**£**
266,656
-
-
266,656
195,274|**31/3/23**
**£**
40,843
40,843
**31/3/23**
2
**Total**
**funds**
**£**
397,899
3,500
622
402,021
195,274| |---|---|---| -12- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** **----- Start of picture text -----**
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Charitable activities
Mosque and madressa running 71,077 2,775 73,852
Total 71,077 198,049 269,126
NET INCOME 64,288 68,607 132,895
Transfers between funds 187,482 (187,482) -
Net movement in funds 251,770 (118,875) 132,895
RECONCILIATION OF FUNDS
Total funds brought forward 663,655 180,208 843,863
TOTAL FUNDS CARRIED FORWARD 915,425 61,333 976,758
11. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st April 2023 731,470 824 21,272 1,180 754,746
Additions 40,138 - - - 40,138
At 31st March 2024 771,608 824 21,272 1,180 794,884
DEPRECIATION
At 1st April 2023 - 824 15,709 236 16,769
Charge for year - - 1,675 189 1,864
At 31st March 2024 - 824 17,384 425 18,633
NET BOOK VALUE
At 31st March 2024 771,608 - 3,888 755 776,251
At 31st March 2023 731,470 - 5,563 944 737,977
**----- End of picture text -----**
-13- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** **----- Start of picture text -----**
12. INVESTMENT PROPERTY
£
FAIR VALUE
Additions 358,286
At 31st March 2024 358,286
NET BOOK VALUE
At 31st March 2024 358,286
At 31st March 2023 -
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Other debtors 15,206 121,724
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
-
Taxation and social security (1,313)
Other creditors 4,298 840
2,985 840
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£ £
Other creditors 15,000 34,000
16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£ £ £ £
Unrestricted funds
General fund 915,425 50,073 269,706 1,235,204
Restricted funds
Zakat 61,333 - - 61,333
- -
Renovation Project 14,340 (14,340)
Other projects - 47 - 47
- -
Investment Properties 255,366 (255,366)
61,333 269,753 (269,706) 61,380
TOTAL FUNDS 976,758 319,826 - 1,296,584
**----- End of picture text -----**
-14- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Zakat
Renovation Project
Other projects
Investment Properties
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Zakat
Renovation Project
Other projects
**TOTAL FUNDS**|**At 1.4.22**
**£**
663,655
765
172,282
7,161
180,208
843,863|**Incoming**
**resources**
**£**
**132,292**
**145,591**
**14,340**
**227,981**
**255,366**
**643,278**
**775,570**
**Net**
**movement**
**in funds**
**£**
64,288
60,568
15,200
(7,161)
68,607
132,895|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(82,219)**
**50,073**
**(145,591)**
**-**
**-**
**14,340**
**(227,934)**
**47**
**-**
**255,366**
**(373,525)**
**269,753**
**(455,744)**
**319,826**
**Transfers**
**between**
**At**
**funds**
**31.3.23**
**£**
**£**
187,482
915,425
-
61,333
(187,482)
-
-
-
(187,482)
61,333
-
976,758| |---|---|---|---| -15- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Zakat
Renovation Project
Other projects
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
135,365
177,451
22,525
66,680
266,656
402,021|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(71,077)
64,288
(116,883)
60,568
(7,325)
15,200
(73,841)
(7,161)
(198,049)
68,607
(269,126)
132,895| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Zakat
Renovation Project
Other projects
Investment Properties
**TOTAL FUNDS**|**At 1.4.22**
**£**
663,655
765
172,282
7,161
-
180,208
843,863|**Net**
**movement**
**in funds**
**£**
114,361
60,568
29,540
(7,114)
255,366
338,360
452,721|**Transfers**
**between**
**At**
**funds**
**31.3.24**
**£**
**£**
457,188
1,235,204
-
61,333
(201,822)
-
-
47
(255,366)
-
(457,188)
61,380
-
1,296,584| |---|---|---|---| -16- **CRESCENT LEARNING CENTRE (MAKKI MASJID)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** ## **16. 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: |**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
267,657
**Restricted funds**
Zakat
323,042
Renovation Project
36,865
Other projects
294,661
Investment Properties
255,366
909,934
**TOTAL FUNDS**
1,177,591|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(153,296)
114,361
(262,474)
60,568
(7,325)
29,540
(301,775)
(7,114)
-
255,366
(571,574)
338,360
(724,870)
452,721| |---|---| ## **17. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st March 2024. -17-