2023-03-31-accounts - Majlis-E-Ishaatul Qur'aan

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Majlis-E-Ishaatul Qurfaan Accounts 31 March 2023

forthe year ended 31	March 20	2	3
					2022
					R
INCOMING RESOURCES
Incoming resources from	generating	funds:
Donaffons				27,307	51,591
Incoming reewroes from	charitable	acffvffies:
Madressa Fees				62,240	22,915
Other income				4,699	3
TOTAL INCOMING RESOURCES				94,246	74,509
Interest received				51	(3)
Other business income					16,781
RESOURCES EXPENDED
Repairs and renewals of	property and		equipment	1,320
Telephone, fax, staffonery	and other	offfce costs		149
Advertising and business	entertainment		costs	1,950
Charitable activities				91,700	96,911
TOTAL RESOURCES EXPENDED				95,119	96,911
NET INCONINGI (OUTGOING) RESOURCES FOR YEAR ~522					~5,52I

					2023		2022
							R
Fixed asmrts
Equipment, machinery		and motor vehicles	3		265,642		265,762
Current assets
Trade debtors				1,750		1,750
Bank/building society balances				30,111		35,068
Gash in hand				151
				32,012		36,818
Currant liabilities
Trade creditors				43		209
Other liabilities and accruals				40,007		43,942
				40,050		44,151
Net currant liabilities					(8,038)		(7,333)
Net assets					257,607		258,429
Capital account
Balance at start	ofperiod				258,429		264,050
(Deiicit)/Surplus	forthe year				(822)		(5,621)
					257507		255420

Trustee
	t
Ta	purl

Resources expsnrhd	«eacaorxrhd	for	asthe ihbgty	is incurred.
Expenditure Indudes Rrehhs.	Irrecoverabh VAT		which h mportsd as part		ofthe expsndibjre to which
ysrqfirh Itrted assets aad dqjrrecfagon
Rant end equlpmenl	is dspredaled	at 25% redudng		balance. Freehokl		premhrm	are not
depreciated.
					2023
					8
Income
Donafons Madressa fees					27,307 62,240		51,591 22,915
Inlerest recebred							3
HMRC Gilt Akl					4,699		1
					04,240		24,510
Expondltum
Depre6afon					120		120
Insurance					808		752
Ught snd heat Repaim 8maintenance					9,567 6,599		5,560 11,407
Subscrtp8ons and fbrary Slagonery 8 prinang					202 1,516		75 1~
Telephone and Internet					801		678
Cleaning					150		184
Accountancy charges					180		180
Wages snd sahrhs					71,757		75,917
Roles							710
					91.1M		00,911
Other business income
Interest recelvabh					51
HMRC Grarrh							16,781
					01		16441
Repske and mnewals	ofproperty and equlpmsnt
Repairs and maintenance					1,820
Telephone, fax0s tlonery and other olflcs costs
SO@warn
AdveNslng and business entertainment			coals
Adverthlng and PR
SurirksvttDelldt) for ths year				~552			(5.0201