**REGISTERED COMPANY NUMBER: 07577060 (England and Wales) REGISTERED CHARITY NUMBER: 1143245**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2022**
## **for**
## **Karimia Association Limited**
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
**Karimia Association Limited**
**Contents of the Financial Statements for the Year Ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|19|
**Karimia Association Limited (Registered number: 07577060)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. 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 objects of the charity are set out in the charity's trust deed and are summarised below:
1. Advance the teaching of Islam and the observances that serve to promote and manifest it;
2. Advance the education of young people under the age of 18 in particular Muslims by the establishment and maintenance of a school; and
3. Provide facilities for the recreation and other leisure time pursuits of persons who have need of such facilities by reason of their youth, age, infirmity, disablement, poverty or social or economic circumstances in the interest of social welfare with the object of improving their condition of life.
The 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 advance of religion for the public benefit.
There have been no changes in the objects and policies during the year.
Page 1
**Karimia Association Limited (Registered number: 07577060)**
## **Report of the Trustees**
**for the Year Ended 31 March 2022**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities and developments**
The charity operates mosques, Quran schools and a community centre at its principal premises in Hyson Green, Nottingham. These have been enhanced by new events of national significance: Karimia Institute’s Aalim Course; Quran School Nasheed Classes; the National Qirratt Competition for Quran Schools children and the organisation of the Muslim Cultural Festival. The Association continues to help other mosques with Imam and teacher training.
We have the Human Kind programme formerly known as Trust Building (since 2016) which is aimed to build trust between the British Muslim Community and the wider British public. With the recruitment of a project coordinator we have developed a network of ambassadors that visit local schools and universities raising awareness and delivering presentations geared towards busting myths on Islam.
Every year Karimia host a graduation dinner for university graduates to celebrate their achievement. We also held several events hosting refugees and migrants at the centre and making available our facilities.
The facilities at the centre are used by the community to host events at times of happiness and grievance - the centre is here support to them. Covid vaccination clinics are setup up on regular basis by the NHS, the Police use the facilities for their presentations and training of new recruits.
It is a central hub for the community which also provides Ofsted approved nursery facilities for children from all backgrounds. Its sports hall is used during term holidays by children for a range of activities in a safe and secure environment.
The centre has undergone a programme of repair and improvement, new TV screens have been installed, CCTV has been upgraded with purchase of new tables and chairs. In the nursery a new canopy has been added and the children's playground equipment has been upgraded.
This year the Cultural festival was held at the Nottingham Forest Ground with year on year increase in attendance from the general public and community.
We aim to continue our efforts in the development of a centre for recreation and learning for people of all ages especially children.
## **FINANCIAL REVIEW**
## **Financial position**
The Statement of Financial Activities for the year is set out on page 6 of the financial statements. A summary of the financial results and the work of the charity is set out below.
The charity's main source of income is donations. During the year, £453,541 (2021 - £348,700) was donated by the local community and visitors. This amount was augmented by £ nil (2021 - £7,521) of Gift Aid tax refunds, £178,900 (2021 - £79,922) from voluntary tuition fees, £224,890 (2021 - £246,905) of grants from Nottingham City Council and other organisations and £13,982 (2021 - £259,069) furlough and Covid support grants. Overall income was £65,797 (7..0%) lower than 2021. This was due to reductions in covid support grants and other grants. This shortfall was partly made up by increases in general donations and fees.
Expenditure of £936,150 (2021 - £748,553) was £187,597 (25%) higher than 2021 due to increases in costs as the charity increased activity levels to precovid levels. This resulted in an operating loss of £101,351 (2021 - surplus £196,278) which was funded from reserves. This has reduced cash reserves very significantly. The Association continues to be well supported by the local authority and organisations. The charity thanks all its members and supporters for their work and generosity.
## **Principal funding sources**
The Charity is totally dependent on funding from members and government authorities and securing this funding, to meet the operating and development costs remains the key challenge for the management committee over the short term.
Page 2
**Karimia Association Limited (Registered number: 07577060)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The Association has no long term investments. Cash reserves are small and are held in regular bank deposit accounts. The interest earned is considered by the trustees as a gift of the UK banking system.
## **Reserves policy**
The Management Committee is aware, and has a policy, that unrestricted funds held by the charity and not committed or invested in tangible fixed assets should be between 3 and 6 months of expenditure.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Karimia Association Limited is a charitable company. It is a registered charity, number 1143245, and company limited by guarantee, registration no. 07577060. It is governed by the Memorandum and Articles of Association.The management of the company is vested in a Management Committee consisting of a Chairman, Secretary and Treasurer.
## **Recruitment and appointment of new trustees**
Applications for trusteeship and membership of the Management Committee are sought by personal solicitation. A panel comprising existing trustees and members of the Management Committee are involved in the selection process. The Management Committee meets at least four times and deals with all operational and development matters. All Trustees must be Muslims.
## **Induction and training of new trustees**
Following appointment, new trustees are introduced to their role and are given copies of the trust deed and a guide to the policies and procedures adopted by the charity. A number of publications from the charity commission are also provided including the guidance on charities and public benefit and on the advancement of religion for the public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an existing trustee assisting on activities and projects run by the charity. After a satisfactory period of induction they are given the task of leading projects and other work.
## **Risk management**
The trustees have assessed the risks the charity faces and have drawn up a risk matrix which identifies the major risks by area, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review this risk matrix regularly at their meetings. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Association are kept under review. Appropriate checks, supported by regularly reviewed policies, are made for all those who work with children or other vulnerable groups in the mosques or community centres.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07577060 (England and Wales)
## **Registered Charity number**
1143245
## **Registered office**
512-514 Berridge Road West Nottingham NG7 5JU
Page 3
**Karimia Association Limited (Registered number: 07577060)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **Trustees**
T M Nasir Chairman, Director and Company Secretary Mr F Rabbi Trustee & Director C A Wahid Trustee & Director Dr M Hussain Chief Executive Ms S Mohammad Trustee M Ashraf Trustee M Iqbal Trustee M Suleman Trustee Z Khan Trustee M Younas Trustee R Khan Trustee J Rabbi Trustee M Naheem Trustee N Mamood Trustee Moulana M Ishaque Trustee (resigned 30.6.22)
## **Company Secretary**
T M Nasir
## **Independent Examiner**
Maqbool Ahmed ACA M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Approved by order of the board of trustees on 27 December 2022 and signed on its behalf by:
T M Nasir - Trustee
Page 4
**Independent Examiner's Report to the Trustees of Karimia Association Limited**
## **Independent examiner's report to the trustees of Karimia Association Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **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**
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 registered member of ACA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
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
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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Maqbool Ahmed ACA M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
27 December 2022
Page 5
**Karimia Association Limited**
## **Statement of Financial Activities for the Year Ended 31 March 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Fees
Other trading activities
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Expenditure
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**281,062**
**-**
**-**
**281,062**
**-**
**278,786**
**278,786**
**2,276**
**6,395**
**8,671**|Restricted
fund
£
**411,351**
**178,900**
**7,721**
**597,972**
**31,649**
**625,715**
**657,364**
**(59,392)**
**1,712,424**
**1,653,032**|**31.3.22**
**Total**
**funds**
**£**
**692,413**
**178,900**
**7,721**
**879,034**
**31,649**
**904,501**
**936,150**
**(57,116)**
**1,718,819**
**1,661,703**|31.3.21
Total
funds
£
854,674
79,922
10,235|
|---|---|---|---|---|
|||||944,831
25,363
723,190|
|||||748,553|
|||||196,278
1,522,541|
|||||1,718,819|
The notes form part of these financial statements
Page 6
## **Karimia Association Limited (Registered number: 07577060)**
## **Balance Sheet 31 March 2022**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**2,592**
**6,202**
**2,037**
**8,239**
**(2,160)**
**6,079**
**8,671**
**-**
**8,671**|Restricted
fund
£
**1,885,012**
**54,052**
**42,144**
**96,196**
**(103,030)**
**(6,834)**
**1,878,178**
**(225,146)**
**1,653,032**|**31.3.22**
**Total**
**funds**
**£**
**1,887,604**
**60,254**
**44,181**
**104,435**
**(105,190)**
**(755)**
**1,886,849**
**(225,146)**
**1,661,703**
**8,671**
**1,653,032**
**1,661,703**|31.3.21
Total
funds
£
1,931,140
63,719
110,182
173,901
(133,587)
40,314
1,971,454
(252,635)
1,718,819
6,395
1,712,424
1,718,819|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
## **Karimia Association Limited (Registered number: 07577060)**
## **Balance Sheet - continued**
## **31 March 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 December 2022 and were signed on its behalf by:
M Hussain - Trustee
The notes form part of these financial statements
Page 8
**Karimia Association Limited**
## **Cash Flow Statement**
## **for the Year Ended 31 March 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating 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**|**31.3.22**
**£**
**(56,352)**
**(9,649)**
**(66,001)**
**(66,001)**
**110,182**
**44,181**|31.3.21
£
10,368
(4,088)
6,280
6,280
103,902
110,182|
|---|---|---|
The notes form part of these financial statements
Page 9
**Karimia Association Limited**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2022**
|**1.**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME**|**TO NET CASH**|**FLOW FROM**||
|---|---|---|---|---|
||**OPERATING ACTIVITIES**||||
||||**31.3.22**|31.3.21|
||||**£**|£|
||**Net (expenditure)/income for the reporting period (as per the**||||
||**Statement of Financial Activities)**||**(57,116)**|196,278|
||**Adjustments for:**||||
||Depreciation charges||**43,536**|43,645|
||Interest paid||**9,649**|4,088|
||Decrease/(increase) in debtors||**3,464**|(49,172)|
||Decrease in creditors||**(55,885)**|(184,471)|
||**Net cash (used in)/provided by operations**||**(56,352)**|10,368|
|2.|**ANALYSIS OF CHANGES IN NET DEBT**||||
|||At 1.4.21|Cash flow|**At 31.3.22**|
|||£|£|**£**|
||**Net cash**||||
||Cash at bank and in hand|**110,182**|**(66,001)**|**44,181**|
|||**110,182**|**(66,001)**|**44,181**|
||**Debt**||||
||Debts falling due within 1 year|**(118,434)**|**20,380**|**(98,054)**|
||Debts falling due after 1 year|**(252,635)**|**27,489**|**(225,146)**|
|||**(371,069)**|**47,869**|**(323,200)**|
||**Total**|**(260,887)**|**(18,132)**|**(279,019)**|
The notes form part of these financial statements
Page 10
**Karimia Association Limited**
**Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. 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.
## **Charitable activities**
These costs are incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated direct to such activities and those costs of an indirect nature necessary to support them.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 25% on reducing balance
## **Related party exemption**
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
## **Taxation**
As a charity, Karimia Association Limited is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
## **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.
continued...
Page 11
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **2. DONATIONS AND LEGACIES**
|**2.**
**DONATIONS AND LEGACIES**|**2.**
**DONATIONS AND LEGACIES**|**2.**
**DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|---|---|
|Donations and gift aid
Grants for Zaytuna Nursery, Urdu School and other Trust Projects
Covid support grants
Grants received, included in the above, are as follows:
Other grants
2022
2022
Unrestricted
Restricted
£
£
Nottingham City Council - Nurseries and
Urdu School
0
168,641
Notts Crime and Commissioner Grant
0
0
Muslim Hands
0
50,000
Muslim Sports Foundation
0
5,000
Others
1,249
0
224,890
**3.**
**OTHER TRADING ACTIVITIES**
Sports hall and room hire||||**31.3.22**
**£**
**453,541**
**224,890**
**13,982**
**692,413**
**31.3.22**
**£**
**224,890**||31.3.21
£
348,700
246,905
259,069
854,674
31.3.21
£
246,905|
||2022|2022||2022||2021|
||Unrestricted|Restricted||Total||Total|
||£|£||£||£|
||0|168,641||168,641||230,088|
||0|0||0||9,817|
||0|50,000||50,000||6,000|
||0|5,000||5,000||1,000|
|||1,249||1,249||0|
||||||||
||||||||
||0|224,890||224,890||246,905|
||||||||
||||||||
|||||**31.3.22**
**£**
**7,721**||31.3.21
£
10,235|
continued...
Page 12
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
|**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fees and subscriptions
Fees
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
**Other trading activities**
Interest payable and similar charges
Aggregate amounts
**6.**
**CHARITABLE ACTIVITIES COSTS**
Expenditure
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**31.3.22**
**£**
**178,900**
**31.3.22**
**£**
**22,000**
**31.3.22**
**£**
**9,649**
**31,649**
**31.3.22**
**£**
**43,536**|31.3.21
£
79,922|
|---|---|---|
|||31.3.21
£
21,275
31.3.21
£
4,088
25,363
Direct
Costs
£
**904,501**|
|||31.3.21
£
40,420|
continued...
Page 13
**Karimia Association Limited**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
Members of the Management Committee received remuneration of £24,868 (2021 - £24,500) and travel costs amounting to £180 (2021 - £218) were reimbursed to 1 ( 2021- 1) member.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2020 - £nil)
## **9. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the year was as follows:
Chief Executive
Imams
Teachers and nursery nurses
Training and project delivery
Management, Administration and support||**31.3.22**
**£**
**610,039**
**610,039**
**31.3.22**
**1**
**6**
**23**
**3**
**4**
**37**||31.3.21
£
493,308|
|---|---|---|---|---|
|||||493,308|
|||||31.3.21
1
6
23
3
4
37|
No employees received emoluments in excess of £60,000.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Fees
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds|Unrestricted
fund
£
188,900
240
10,235
199,375
22,007|Restricted
fund
£
665,774
79,682
-
745,456
3,356|Total
funds
£
854,674
79,922
10,235|
|---|---|---|---|
||||944,831
25,363|
continued...
Page 14
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Charitable activities**
Expenditure
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021 and 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Charitable activities**
Expenditure
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021 and 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|**ACTIVITIES**
Unrestricted
fund
£
171,235
193,242
6,133
262
6,395
Freehold
property
£
**2,160,470**
**231,148**
**43,209**
**274,357**
**1,886,113**
1,929,322|**-**|**continued**
Restricted
fund
£
551,955
555,311
190,145
1,522,279
1,712,424
Fixtures
and
fittings
£
**59,326**
**57,508**
**327**
**57,835**
**1,491**
1,818||Total
funds
£
723,190|
|---|---|---|---|---|---|---|
|||||||748,553|
|||||||196,278
1,522,541|
|||||||1,718,819|
|||||||Totals
£
**2,219,796**
**288,656**
**43,536**
**332,192**
**1,887,604**
1,931,140|
||||||||
||||||||
||||||||
||||||||
Page 15
continued...
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
|**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.22**
**£**
Other debtors
**60,254**
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.22**
**£**
Bank loans and overdrafts (see note 15)
**28,054**
Other loans (see note 15)
**70,000**
Trade creditors
**4,976**
Accruals and deferred income
**2,160**
**105,190**
**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**31.3.22**
**£**
Bank loans (see note 15)
**225,146**
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
**31.3.22**
**£**
Amounts falling due within one year on demand:
Bank loans
**28,054**
Other loans
**70,000**
**98,054**
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**225,146**|31.3.21
£
63,719
31.3.21
£
43,434
75,000
12,993
2,160|
|---|---|
||133,587|
||31.3.21
£
252,635|
||31.3.21
£
43,434
75,000|
||118,434|
||252,635|
Page 16
continued...
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.4.21
£
**6,395**
**1,712,424**
**1,718,819**
Incoming
resources
£
**281,062**
**597,972**
**879,034**
At 1.4.20
£
262
1,522,279
1,522,541||Net
movement
in funds
£
**2,276**
**(59,392)**
**(57,116)**
Resources
expended
£
**(278,786)**
**(657,364)**
**(936,150)**
Net
movement
in funds
£
6,133
190,145
196,278|At
31.3.22
£
**8,671**
**1,653,032**
**1,661,703**
Movement
in funds
£
**2,276**
**(59,392)**
**(57,116)**
At
31.3.21
£
6,395
1,712,424
1,718,819|
|---|---|---|---|---|
||||||
||||||
||||||
continued...
Page 17
**Karimia Association Limited**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
199,375
745,456
944,831|Resources
Movement
expended
in funds
£
£
(193,242)
6,133
(555,311)
190,145
(748,553)
196,278|Resources
Movement
expended
in funds
£
£
(193,242)
6,133
(555,311)
190,145
(748,553)
196,278|
|---|---|---|---|
||||196,278|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.4.20
£
262
1,522,279
1,522,541|Net
movement
in funds
£
8,409
130,753
139,162|At
31.3.22
£
8,671
1,653,032|
|---|---|---|---|
||||1,661,703|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|480,437|(472,028)|8,409|
|**Restricted funds**||||
|Restricted fund|1,343,428|(1,212,675 )|130,753|
|**TOTAL FUNDS**|1,823,865|(1,684,703 )|139,162|
continued...
Page 18
**Karimia Association Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 19