Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF IQRA COMMUNITY CENTRE SOUTHAMPTON
I report to the trustees on my examination of the accounts of the IQRA COMMUNITY CENTRE SOUTHAMPTON (the Company) for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
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:
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1) accounting records were not kept in respect of the Company as required by section 130 of the Act; or
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2) the accounts do not accord with those records; or
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3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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.
Signed by: Molommed Frasier _____ [Malan | Mohammed Haque ICAEW 1295597 Date: 29 May 2025 for and on behalf of MAH, Chartered Accountants 2[nd] Floor, 154 Bishopsgate, London, EC2M 4LN
Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
Registered number: 07279549 Charity number: 1138923
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON
(A company limited by guarantee)
Contents
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2-4 |
| Trustees' responsibilities statement | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8-17 |
Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024
| Trustees | Tariq Amin, Chair |
|---|---|
| Tahir Amin | |
| Ali Mahmood | |
| Anwar Khan | |
| Mohamedsaid Farah | |
| Andihakim Ali Mahmud | |
| Company registered number | 07279549 |
| Charity registered number | 1138923 |
| Registered office | 189 Northumberland Road |
| Southampton | |
| England, SO14 0EL | |
| Company secretary | Tahir Amin |
| Chief executive officer | Tariq Amin Amor |
| Accountants | MAH, Chartered Accountants |
| 2nd Floor | |
| 154 Bishopsgate | |
| London | |
| EC2M 4LN | |
| Bankers | HSBC |
| 1 Bank Street | |
| Castleford | |
| West Yorkshire | |
| WF10 1EA |
Page 1
Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their annual report together with the financial statements of for the 1 July 2023 to 28 June 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
The company also operates under the name ICCS.
Objectives and Activities
a. POLICIES AND OBJECTIVES
The charities objectives as set out in the company’s memorandum of association are to:
Advance the religion of Islam (in strict accordance with the teachings of the Quran and authentic sunnah of the prophet Muhammad (saas)), in Southampton for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature, and to enlighten others about Islam.
Relieve the poverty, sickness or distress of individuals of the Islamic faith.
b. ACTIVITIES FOR ACHIEVING OBJECTIVES
The pursuit of the aforementioned objectives is manifested through a number of ongoing activities:
Achievement of internal training of students to start leading the prayer and giving Friday lectures.
Provide facilitiess for public to fulfil daily Islamic obligations. i.e. prayers.
Education classes for various age groups.
Invite reknowned speakers to give lectures and hold seminars.
Unified celebration of Islamic festivals i.e. Eid and Ramadan gatherings.
Fundraising for various issues in support of the masjid and wider areas.
Supporting local community on social issues such as marriage counselling
Supporting Southampton Islamic umberella organisation.
c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT
Increased the number of volunteers working with the management team.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2024
Achievements and performance
a. REVIEW OF ACTIVITIES
The charity is in its seventh year of substantive operation. Much of previous years were geared to establishing a base in Southampton to act as a centre for all activities.
However, not with standing the above, the following summarises the achievements carried out in the year:
Increase of regular attendees.
Growth in student base for regular Islamic classes for children making children proficient in Qu'ran and Arabic. Invited a number of reknowned speakers to give talks.
Continued growth in fund raising. Plans underway for renovation. Architect drawings drawn up and now meeting with local authority scheduled. Community outreach group established.
More involvement from public management and upkeep of premises.
b. INVESTMENT POLICY AND PERFORMANCE
No formal investment and performance policies have currently been set. However, it is the trustees intention to set out a reserves policy in the near future.
Financial review
Structure, governance and management
a. CONSTITUTION
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 9 June 2010
The company is constituted under a Memorandum of Association dated 9 June 2010 and is a registered charity under the number 1138923.
The principal object of the company is to provide education to the public to promote religious harmony and community cohesion.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2024
Plans for future periods
a. FUTURE DEVELOPMENTS
The charity's aim is to continue to promote religious harmony and understanding through their work in the community.
This report was approved by the Trustees on 29 May 2025 and signed on their behalf by:
Tariq Amin Amor, Chair
Abed Abdul Noor
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
The Trustees (who are also directors of Iqra Community Centre Southampton for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 2 TOTAL INCOME AND ENDOWMENTS EXPENDITURE ON: Charitable activities 6 TOTAL EXPENDITURE NET INCOME BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2024 48,852 48,852 20,581 20,581 28,271 28,271 77,678 105,949 |
Total funds 2024 £ 48,852 48,852 20,581 20,581 28,271 28,271 77,678 105,949 |
Total funds 2023 16,648 16,648 23,741 23,741 (7,093) (7,093) 84,771 77,678 |
|---|---|---|---|
The notes on pages 8 to 17 form part of these financial statements.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee) REGISTERED NUMBER: 07279549
BALANCE SHEET AS AT 30 JUNE 2024
| Note | £ | 2024 £ |
£ | 2023 £ |
|
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Tangible assets | 9 | 89,703 | 89,703 | 74,000 | 74,000 |
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 19,083 | 19,083 | 5,359 | 5,359 | |
| CREDITORS:amounts falling due within one year | |||||
| 10 (2,837) |
(2,837) | (1,681) | (1,681) | ||
| NET CURRENT ASSETS/(LIABILITIES) | 16,246 | 3,678 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 105,949 | 77,678 | |||
| NET ASSETS | 105,949 | 77,678 | |||
| CHARITY FUNDS | |||||
| Unrestricted funds | 12 | 105,949 | 105,949 | 77,678 | 77,678 |
| TOTAL FUNDS | 105,949 | 77,678 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 29 May 2025 and signed on their behalf, by:
| Tariq Amin Amor, Chair (GFby: 48E35B31B46E4BC... |
Abed Abdul Noor CcDocuSignedby: AB52455549AD47B... |
|---|---|
The notes on pages 8 to 17 form part of these financial statements.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair' view.
Iqra Community Centre Southampton meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The directors/trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern. The financial statements have therefore been prepared on the basis that the charity is a going concern.
We have adequate resources and are well place to manage risks. Our planning process, including financial projections, has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. We have a reasonable expectation that we have adequate resources to continue in operational existence for the foreseeable future. We believe that there are no material uncertainties that call into doubt the charity's ability to continue.
1.2 Changes in Generally Accepted Accounting Practice
There are no significant changes to the accounting standards this year.
1.3 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES (continued)
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES (continued)
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Tangible fixed assets and depreciation
All assets are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property 2% Straight line Fixtures and fittings 20% Straight line Office equipment 25% Straight line Computer equipment 33% Straight line
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES (continued)
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
2. INCOME FROM DONATIONS AND LEGACIES
| Donations Total 2024 3. DIRECT COSTS Bank charges Repairs & maintenance Books & Printing Other direct costs Wages and salaries 4. SUPPORT COSTS Project support - events Project support - consultancy |
Unrestricted funds 2024 £ 48,852 48,852 Activity £ 65 - 7 - 12,500 12,572 Activity £ - - - |
Total funds 2024 £ 48,852 48,852 Total 2024 £ 65 0 7 0 12,500 12,572 Total 2024 £ - - - |
Total funds 2023 £ 16,648 16,648 Total 2023 £ 74 2,385 - 2,693 12,500 17,652 Total 2023 £ - - - |
|---|---|---|---|
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
5. GOVERNANCE COSTS
| Unrestricted funds 2024 £ - 4,973 - 2,361 Sundry 675 8,009 LYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs 2024 £ Depreciation 2024 £ 12,500 - - 2,361 12,500 2,361 Governance - accountancy costs Utility bills Governance - depreciation - tangible fixed assets Governance - depreciation - property Charitable activities Expenditure on governance legal and professional costs |
Total funds 2024 £ - 4,973 - 2,361 675 8,009 Other costs 2024 £ 72 5,648 5,720 |
Total funds 2023 £ - 3,839 - 0 2,000 250 6,089 Total 2024 £ Total 2023 £ 12,572 17,652 8,009 6,089 20,581 23,741 |
|---|---|---|
6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
7. NET INCOME/(EXPENDITURE)
This is stated after charging:
Depreciation of tangible fixed assets:- owned by the charity
| 2024 £ 2023 £ 2,361 2,000 |
|
|---|---|
| 2,361 2,000 |
During the year, Trustees received remuneration of £12,500 (2023 - £12,500). During the year, no Trustees received any benefits in kind Nill (2023 - £NIL). During the year, Trustees received reimbursement of expenses of Nill (2023 - Nill).
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
8. STAFF COSTS
| Staff costs were as follows: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 12,500 | 12,500 |
| HMRC JRC grant | - | - |
| 12,500 | 12,500 | |
| The average number of persons employed by the company during the year was as follows: Administration Average headcount expressed as a full time equivalent: Employees Volunteers Management |
2024 2 2024 2 20 7 |
2023 2 2023 2 20 7 |
| 29 | 29 |
No employee received remuneration amounting to more than £60,000 in either year.
9. TANGIBLE FIXED ASSETS
| Cost At 1 July 2023 Additions At 28 June 2024 Depreciation At 1 July 2023 Charge for the year At 28 June 2024 Net book value At 28 June 2024 At 30 June 2023 |
Freehold property Fixtures and fittings Computer equipment Total £ £ £ 4,300 1,500 106,510 - - 18,064 4,300 1,500 124,574 4,300 1,500 32,510 0 - 2,361 4,300 1,500 34,871 - - 89,703 0 - 74,000 Office equipment £ 710 710 710 £ 100,000 18,064 118,064 26,000 2,361 28,361 89,703 74,000 0 0 710 |
|---|---|
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
10. CREDITORS: Amounts falling due within one year
| Accruals and deferred income Other taxes and social security Total creditors falling due within one year 11. CREDITORS: Amounts falling due after more than one year Other loans Creditors include amounts not wholly repayable within 5 years as follows: Repayable other than by instalments |
2024 £ 2023 £ 1,199 1,199 1,199 1,199 2024 £ 2023 £ 1,638 482 1,638 482 2,837 1,681 2024 £ 2023 £ 0 0 0 0 2024 £ 2023 £ 0 0 |
|---|---|
Loans were provided by members of the community. No interest is charged and the loans are repayable at the discretion of the trustees.
12. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| Unrestricted funds General Funds - all funds Reserves Other General funds |
Balance at 1 July 2023 £ 22,331 79,724 (24,377) 77,678 |
Income £ - - 48,852 48,852 |
Balance at Expenditure £ 28 June 2024 £ - 22,331 - 79,724 (20,581) 3,894 (20,581) 105,949 |
|---|---|---|---|
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
12. STATEMENT OF FUNDS (continued)
STATEMENT OF FUNDS - PRIOR YEAR
| Balance at 1 July 2022 £ Income £ Unrestricted funds 84,771 16,648 Total of funds 84,771 16,648 SUMMARY OF FUNDS - CURRENT YEAR Balance at 1 July 2023 £ Income £ General funds 77,678 48,852 SUMMARY OF FUNDS - PRIOR YEAR Balance at 1 July 2022 £ Income £ 84,771 16,648 ALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Reserves |
Balance at Expenditure £ 30 June 2023 £ (23,741) 77,678 (23,741) 77,678 Balance at Expenditure £ 28 June 2024 £ (20,581) 105,949 Balance at Expenditure £ 30 June 2023 £ (23,741) 77,678 Unrestricted funds 2024 £ Total funds 2024 £ 89,703 89,703 19,083 19,083 (2,837) (2,837) - - 105,949 105,949 |
|---|---|
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
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Docusign Envelope ID: 00FAE503-A479-4FDC-9F56-28087647E881
IQRA COMMUNITY CENTRE SOUTHAMPTON (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
| Tangible fixed assets Current assets Creditors due within one year |
Unrestricted funds 2023 £ Total funds 2023 £ 74,000 74,000 5,359 5,359 (1,681) (1,681) 77,678 77,678 |
|---|---|
14. RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.
15. CONTROLLING PARTY
There is no controlling party.
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