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 2023
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 2023
| 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 | 18 |
| Detailed Statement of Financial Activities | 19 | to | 20 |
Karimia Association Limited
Report of the Trustees for the Year Ended 31 March 2023
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 2023. 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:
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Advance the teaching of Islam and the observances that serve to promote and manifest it;
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Advance the education of young people under the age of 18 in particular Muslims by the establishment and maintenance of a school; and
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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.
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 which is aimed at building trust between the British Muslim Community and the wider British public. With the resources of a dedicated 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 further repair and improvement again this year including the purchase of tables and chairs and other nursery and sports equipment.
The Cultural festival was held at the Nottingham Forest Ground again this year with year on year increases 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.
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Karimia Association Limited
Report of the Trustees for the Year Ended 31 March 2023
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, £471,370 (2022 - £453,541) was donated by the local community and visitors. This amount was augmented by £209,883 (2022 - £178,900) from voluntary tuition fees, £229,438 (2022 - £224,890) of grants from Nottingham City Council and other organisations and £7,270 (2022 - £7,721) other income. A further £50,008 was generated from the disposal of the Oldham Masjid premises. Overall income was 10% higher than 2022. This was partly due to the gain on the disposal of the Oldham Masjid premises and the increases in tuition fees.
Expenditure of £1,076,087 (2022 - £936,150) was £144,376 (15%) higher than 2022 due to inflationary pressures and higher than expected expenditure on repairs and maintenance. This resulted in an operating loss of £108,118 (2022 - loss £57,116) which was funded from reserves and proceeds from the disposal of the Oldham Masjid premises. 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.
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.
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Karimia Association Limited
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT 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
Trustees
T M Nasir Chairman, Director and Company Secretary Mr F Rabbi Trustee & Director
C A Wahid Trustee & Director Dr M Hussain Chief Executive 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 Ms S Tariq Mrs S A Khan
Company Secretary
T M Nasir
Independent Examiner
Maqbool Ahmed M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Approved by order of the board of trustees on 21 March 2024 and signed on its behalf by:
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Karimia Association Limited
Report of the Trustees for the Year Ended 31 March 2023
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 2023.
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 member of the Institute of Chartered Accountants in England and Wales, 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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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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 The Institute of Chartered Accountants in England and Wales
M Ahmed & Co Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
21 March 2024
Page 5
Karimia Association Limited
Statement of Financial Activities for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Fees Other trading activities 3 Other income 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 £ 268,552 - 6,020 - 274,572 24,100 254,207 278,307 (3,735) 8,671 4,936 |
Restricted fund £ 432,256 209,883 1,250 50,008 693,397 42,863 755,437 798,300 (104,903) 1,653,032 1,548,129 |
31.3.23 Total funds £ 700,808 209,883 7,270 50,008 967,969 66,963 1,009,644 1,076,607 (108,638) 1,661,703 1,553,065 |
31.3.22 Total funds £ 692,413 178,900 7,721 - 879,034 22,000 914,150 936,150 (57,116) 1,718,819 1,661,703 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
Karimia Association Limited
Balance Sheet 31 March 2023
| 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 4,845 23,904 28,749 (26,405) 2,344 4,936 - 4,936 |
Restricted fund £ 1,608,927 207,650 127,205 334,855 (180,329) 154,526 1,763,453 (215,324) 1,548,129 |
31.3.23 Total funds £ 1,611,519 212,495 151,109 363,604 (206,734) 156,870 1,768,389 (215,324) 1,553,065 4,936 1,548,129 1,553,065 |
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 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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...
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Karimia Association Limited
Balance Sheet - continued 31 March 2023
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 21 March 2024 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 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash provided by 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 |
31.3.23 £ (164,013) (12,869) (176,882) (6,190) 290,000 283,810 106,928 44,181 151,109 |
31.3.22 £ (56,352) (9,649) (66,001) - - - (66,001) 110,182 44,181 |
|---|---|---|
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 2023
| 1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM ACTIVITIES Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest paid (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash used in operations |
OPERATING 31.3.23 £ (108,638) 40,483 (50,008) 12,869 (152,241) 93,522 (164,013) |
31.3.22 £ (57,116) 43,536 - 9,649 3,464 (55,885) (56,352) |
|---|---|---|
2.
ANALYSIS OF CHANGES IN NET DEBT
| At 1.4.22 | Cash flow | At 31.3.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 44,181 | 106,928 | 151,109 |
| 44,181 | 106,928 | 151,109 | |
| Debt | |||
| Debts falling due within 1 year | (98,054) | 8,254 | (89,800) |
| Debts falling due after 1 year | (225,146) | 9,822 | (215,324) |
| (323,200) | 18,076 | (305,124) | |
| Total | (279,019) | 125,004 | (154,015) |
The notes form part of these financial statements
Page 10
Karimia Association Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
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...
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Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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 |
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 |
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 |
31.3.23 £ 471,370 229,438 - 700,808 31.3.23 £ 229,438 |
31.3.22 £ 453,541 224,890 13,982 692,413 31.3.22 £ 224,890 |
||
|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |||
| Unrestricted | Restricted | Total | Total | |||
| £ | £ | £ | £ | |||
| Nottingham City Council - Nurseries and Urdu School |
0 | 179,698 | 179,698 | 168,641 | ||
| Muslim Hands | 0 | 47,740 | 47,740 | 50,000 | ||
| Others | 2,000 | 2,000 | 1,249 | |||
| 0 | 229,438 | 229,438 | 224,890 | |||
| OTHER TRADING ACTIVITIES Sponsorships Sports hall and room hire Advertising income |
31.3.23 £ 150 6,020 1,100 7,270 |
31.3.22 £ - 7,721 - 7,721 |
3. OTHER TRADING ACTIVITIES
continued...
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Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 4. INCOME FROM CHARITABLE ACTIVITIES Activity Fees and subscriptions Fees 5. RAISING FUNDS Raising donations and legacies Staff costs Marketing and promotion 6. CHARITABLE ACTIVITIES COSTS Expenditure 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
31.3.23 £ 209,883 31.3.23 £ 42,863 24,100 66,963 31.3.23 £ 42,283 (50,008) |
31.3.22 £ 178,900 31.3.22 £ 22,000 - 22,000 Direct Costs £ 1,009,644 |
31.3.22 £ 178,900 |
|---|---|---|---|
| 31.3.22 £ 43,536 - |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
Members of the Management Committee received remuneration of £26,250 (2022 - £24,868) and travel costs amounting to £311 (2022 - £180) were reimbursed to 1 ( 2022- 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 (2021 - £nil)
continued...
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Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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 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 281,062 Charitable activities Fees - Other trading activities - Total 281,062 EXPENDITURE ON Raising funds - Charitable activities Expenditure 278,786 Total 278,786 NET INCOME/(EXPENDITURE) 2,276 RECONCILIATION OF FUNDS Total funds brought forward 6,395 TOTAL FUNDS CARRIED FORWARD 8,671 |
||
|---|---|---|
continued...
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Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 April 2022 2,160,470 Additions - Disposals (266,213) At 31 March 2023 1,894,257 DEPRECIATION At 1 April 2022 274,357 Charge for year 39,685 Eliminated on disposal (26,221) At 31 March 2023 287,821 NET BOOK VALUE At 31 March 2023 1,606,436 At 31 March 2022 1,886,113 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 15) Other loans (see note 15) Trade creditors Other creditors Accruals and deferred income |
Fixtures and fittings £ 59,326 6,190 - 65,516 57,835 2,598 - 60,433 5,083 1,491 31.3.23 £ 4,250 208,245 212,495 31.3.23 £ 19,800 70,000 26,404 88,430 2,100 206,734 |
Totals £ 2,219,796 6,190 (266,213) 1,959,773 332,192 42,283 (26,221) 348,254 1,611,519 1,887,604 31.3.22 £ - 60,254 60,254 31.3.22 £ 28,054 70,000 4,976 - 2,160 105,190 |
|
|---|---|---|---|
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continued...
Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bank loans (see note 15) 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Other loans Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 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 |
At 1.4.22 £ 8,671 1,653,032 1,661,703 Incoming resources £ 274,572 693,397 967,969 |
|
|---|---|---|
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continued...
Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
16. MOVEMENT IN FUNDS - continued
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 |
Net movement in funds £ 2,276 (59,392) (57,116) |
At 31.3.22 £ 8,671 1,653,032 |
|---|---|---|---|
| 1,661,703 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 281,062 597,972 879,034 |
Resources Movement expended in funds £ £ (278,786) 2,276 (657,364) (59,392 (936,150) (57,116 |
Resources Movement expended in funds £ £ (278,786) 2,276 (657,364) (59,392 (936,150) (57,116 |
|---|---|---|---|
| (57,116 |
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 1.4.21 £ 6,395 1,712,424 1,718,819 |
Net movement in funds £ (1,459) (164,295) (165,754) |
At 31.3.23 £ 4,936 1,548,129 |
|---|---|---|---|
| 1,553,065 |
continued...
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Karimia Association Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 555,634 1,291,369 1,847,003 |
Resources expended £ (557,093) (1,455,664 ) (2,012,757 ) |
Movement in funds £ (1,459) (164,295) (165,754) |
|---|---|---|---|
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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Karimia Association Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations and gift aid Grants for Zaytuna Nursery, Urdu School and other Trust Projects Covid support grants Other trading activities Sponsorships Sports hall and room hire Advertising income Charitable activities Fees and subscriptions Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Raising donations and legacies Wages Marketing and promotion Charitable activities Wages Rates and water Light and heat Telephone and internet Postage and stationery Sundries Professional and consultancy Staff training & development Repairs and maintenance Dawah work and donations Sports & other small equip. Carried forward |
31.3.23 £ 471,370 229,438 - 700,808 150 6,020 1,100 7,270 209,883 50,008 967,969 42,863 24,100 66,963 606,582 3,919 50,080 3,057 7,198 11,775 24,947 622 76,708 34,118 - 819,006 |
31.3.22 £ 453,541 224,890 13,982 |
|---|---|---|
| 692,413 - 7,721 - |
||
| 7,721 178,900 - |
||
| 879,034 22,000 - |
||
| 22,000 588,039 4,443 26,370 2,573 8,561 5,933 31,959 2,370 33,504 10,154 6,766 720,672 |
This page does not form part of the statutory financial statements
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Karimia Association Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Charitable activities Brought forward Events catering Travel and volunteer expenses Books and publications Insurance Accountancy and payroll Bank charges IT and website Subscriptions Marketing and promotion Waste & cleaning Legal fees Depreciation Bank interest Total resources expended Net expenditure |
31.3.23 £ 819,006 29,162 22,455 6,119 6,316 6,113 1,627 28,696 1,936 12,923 14,123 7,816 40,483 12,869 1,009,644 1,076,607 (108,638) |
31.3.22 £ 720,672 26,866 12,479 6,736 6,934 15,756 26,217 24,596 1,585 3,867 15,257 - 43,536 9,649 914,150 936,150 (57,116) |
|---|---|---|
This page does not form part of the statutory financial statements
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