REGISTERED COMPANY NUMBER: 08078275 (England and Wales) REGISTERED CHARITY NUMBER: 1149705 Re ort of th Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for urn Islamic Centre Ltd Prestons & Jacksons Partn¢r8hip LLP 364 - 368 Cranbrook Road llford Ess IG2 6HY
Kilb Islamic Centre Ltd Contents of the Financial Statfflnents for the Year End Page R¢port of th¢ Trustce8 I to 5 Independent Examiner's Rq)ort Statement of Financial A¢tiviti¢s Balance Sbeet 8 to 9 Note8 to the Financial Ststemcnts 10 to 17 Detsiled Statement of Financia] Activities 18 to 19
Kilburn Islamic Centre Ltd rt of the Tnjstees for the Year Ended 31 March 2024 The trustccs who are also directors of the charity for the purposes of thc Companics Act 20069 prcsent thcir TCPQrt with the financial statements of the charity for the year ended 31 March 2024. Th¢ trustees have adopted the provisions of Accounting and Reporting by ChaTiti¢s: Statement of R¢comm¢nd¢d Practice applicable to Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ire]and (FRS 102) (effective l January 2019). OBJECTIVES AND ACThVITIES Objeetlves And Ydlms KIC is led by a young and dedicated team 8uided by creativity, compasBion, and Islamic principles. Tbe organisation aimy to serve the coD]munity by creating inclusAve. forward-looking initiative8 that unite people across cultural and gcnerational lines while Temaining true to Islarnic teachings. Througb mcaningftll and impactful programmes. KIC sc¢ks to nurture faith, build character, and Strengthen unity within the community, Vision: To dev¢lop a lasting and purposeful impact in our community. MissioTh To creatively scrvc the n¢¢ds of the community. Values: Delivering bigh standards Engaging young Bencrations Becoming a beacoD of change Balancing tradition and prOesS Lead in coD]munity delopment Str8tegleJ: Loll8-Term Goal8 l- L¢adcr8hip: Nurture tUre leader8 who are equippcd to guide both the organisation and the wider conjmuwty with integrity and foresight. 2- Sustainability., Estsblish sy8tems and stsucture8 that ensure long-term gromb, operational efficiency, and financial independenc¢. 3- Empowern]ent.' Creat¢ opportunitie$ for youth and community m¢mbers to actively shap¢ and deliver impactful initiatives, 4- Accountability: Uphold transparency and integrity in all operatio[, maintsining the trust of the cornmunity stakeholders. SbortsTerni GoAI8 (5 yearj) l- Space: Enbance facilities to m&ximise community engagement and support programme deliv. People.. Build and 8tr¢ngthen a team of emerging leaders capable of driving KIC'S mission with creativity and 3- Sustain.. Establi8b a self-sustaining operational model to en8ur¢ long-terni stability and re8ili¢nce. Community: Dcv¢lop a cobesive and faith-driven Community built upon unity. contribution, and shared purpose. Page I
Kilburn Islamic Centre Ltd rt of the TrteeS for the Year Ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE Major Religious Events KIC mad¢ considerablc PTogrcss in strengthening its wograD]m¢s and ¢xtending its reach. Activiti¢s refl¢cted its mission to inspire faith, l¢aTning. and unity through PUTP05eful initiatives. KIC successfully hosted numerous 5Pilitual gatherings, including '. ]- Ramadan prOam¢s, wc¢ldy Jumu'ah prayers. and Eid cel¢brations, bringing the community together in worship and reflection. 2- Two major Qulanic events. The Night of Qur'an and The Summer Qur'anic Conference fcatured esteemed scholars such as Qari Abdul Rashid Ali Sufi and Dr Mohamed Fouad Abdou. 3- The A Journey to Islam series continucd to altract large audiences, with sp¢akers including Ustadh Tim Humble and Ustadh Wasim Ken]pson delivering engaging and insightful talks. InfrAstrvetllre Pdnd FaellltleB A key milcstone this year was the completion and laun¢h of the second floor, now dedicated to education and youth programmes. This space has bOrne a centre for structured learning, leadership training, and youth ¢ngag¢m¢nt. Edueadonal and Communlty Development Th¢ KIC Academy expandcd 3ignifi¢antly, introducing weekend ¢ourse8 for famili¢s and increasing accessibility to Islarnic learning. The annual Women's Conference continued a8 a flagship event promoting l¢arning, empow¢rment, and dialogue. reinforcing KIC'S ¢ommitment to developm¢nt of serviLe8 toward Women. Key Projects and Servlcei Acad¢my (Children's Services) l- Expanded to serve additlODal 80 children. RecNited additional tsa¢hing staff and introdu¢¢d new subjects. 3- Ho8t¢d an ¢n&of-year ceremony celcbrating student achievenwnts. 4- Support¢d humanitarian cause8 through fundraising for the Syria and Turkey earthquake appeals. 81amlc AffalrB l- Conducted weekly ¢lass¢$ on Tafsir, The Nin¢ty-Nine Names of Allah, and The Noble Cbaractsr. 2- Organis¢d major annual religious programmes and Jumu'ah prayers attended by hundreds. 3- Delivered Qur'anic gatherings and ¢on)mty worship events. Womcn'8 Servl¢es l- Expanded initiatives such a8 Valleys & Rainfalls and Th¢ Crown Conference. 2- Hosted coffee mornings, wellness sessions. and bealth workshops promoting social connection and wcllbeing. Admlnistratlon l- Continued the Custoth'ans Progr&TDme emy)wering both young and senior volunteer8. 2- Delivcrcd staff and volunteer training in Health & Safety, Fire Safety. First Aid. 3- Complctcd and opened the new educalional floor, enhancing capacity for learning and events Page 2
Kilburn Islamic Centre Ltd rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENTS AI¥D PERFORMANCE Fundraising activities Inefrme Sources l- Donations 2- S¢rvic¢s 3- Parinerships KIC nintainS partnerships with organi5ations such as Emaan Relief, Islamic Relief, and Charity Right for hunwiitarian initiativcs while primarily rejying on internal fimdraising mechanisms. illcluding.. l- Jumu'ah donatxons 2. Annual fundraising campai 3- Contributions from major donors All fundraising is transparent and cnsur¢s ¢thi¢al management of resources and the effective allocation of funds toward charitable objectives. FINANCIAL REVIEW FlnaDclal posltlon Th¢ Charity had Income from Tuition fccs and donations of £348.103 and total expense of £376,426 in the year. At thc year ¢Dd¢d 31st March 2024, unre8trictcd fund8 carried forward were £617,979 which is rnade up of Fixed Assets - £645,036 and free reserves (£27,057), (2023: £646,301) whÉch 18 made up of Fixed Assets £658,188 and Free Reserves - (£11,887). The truste¢s are aware that the charity is running at a defi¢it. However. they are ¢onfident that with th¢ lawich of the sccond floor revenue will increase going forward whicb will push th¢ ¢harity to a surplus net in¢ome position.The tru5tse8 are also confident of continuous support from thg conllDunity, It 18 for these reasons thc accounts are prepared on going conccrn basis. FUTURE PLANS KIC'S priorities for the coming year include". l- Developing leadership progran]mes and 8ustsAnability initiatives. 2- Empowering volunteers and drxpcniDg community engagem¢nt. 3- Expanding cducational services and youth-focused activitie8. Diversifying incom¢ strcams while nmintaining accountability and trBnspar¢ncy. 5- Increasing staffing capacity and completing the office floor dcvclopment. Strengthening partnerships and expanding the scale of commuDity outrcach. Page 3
Kilbum Islamic Centre Ltd rt of the Trustees for the Year Endcd 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documeDt KIC is a company limitd by guarantee, governed by its Arti¢l¢s of Association. Strategic direction and oversight are provided by the Board of TrUsIee while day-t041ay management is delegatcd to departmental head5 and 8enior volunteers. TnteeS meet Tegularly to monitor performanc¢, assess risks. and ensure that all activities align with th¢ charity's obj¢ctives. New trnstees and volunteers undergo induction and safeguarding trainillg. ensuring compliance with legal and organisational Standards. Key Personnel: l- Cbair: Rahell Ahmed 2- Vice Chair: Bayazid Ahmed 3- Trustee: Jand Abdinasir Trustees LntIllU¢ to Provide opcrational support until Ihe operational management t¢am 18 fully established. Rlsk management Trustees actively review key risks facing the organisation. including fllwi¢I sustsinability, hcalth and safety, and operational depcndcncies. Mitigation m¢asures include: l- Ongoing staff ld vvluntecr trainin8
Regular policy and Compliance updates 3- ContAngen¢y and continuity plannin8 Due diligence on all partnerships and connected organisations Risks ar¢ reviewed in both truBt¢c and op¢rational meetings to ensur¢ proactiv¢ managellnt Hnd ac¢ountabAlity. Page 4
Kilburn tslamic Centre Ltd rt of the TnLStees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS ReEiStered CDmpaDy number 08078275 (England and Wales) Registered Charlty number 1149705 Regl8tered office 2921294 Kilburn High Road Li)ndon NW6 2DB TrusteeslDlre¢tor$ R U Ahmed B N Ahmed - Resigned on l Nov¢mber 2024 J M Abdi - Resigned on 8 July 2025 J U Ahmed - Appointsd on l November 2024 S Shab - Appointed on 8 July 2025 Independent Examlner Anwer Patel BA (Hons), FCA, BFP Prestong & Jack8(ms Partnership LLP 364- 368 Cranbrook Road nford Essex IG2 6HY 2111112025 Approved by order of the board of trustee8 on .................................. . and sign¢d on its behalf by: R U Ahmed - Tru8tee l Director Page 5
Jnde dent Examiner's Re Kilburn Islamic Centre Ltd rt to the Trustees of Independent examiner's report to the trustees of KburTh Islamlc Centre Ltd {'the Company,) I report to thc charity tntee8 on my examinatAon of th¢ accounts of the Company for th¢ y¢ar ended 31 March 2024. Re8ponsfibllltAes and bAylJ of report As th¢ chatity's trustees of the Compaoy (and also its directors for the pu05¢5 of company law) you are responsible for the preparation of the accounts in accordance with th¢ r¢quir¢m¢nts of the Companies Act 2006 ('tbe 2006 Acg). Having satisfied myself that the &c¢ounts of the Company ar¢ not required to b¢ audited undcr Part 16 of the 2006 Act and are eligibl¢ for independent examinatio I report in respect of my exan]ination of your chaTity'S accounts as carried out under StIOn 145 of the Cbarities Act 2011 ('the 2011 A¢t). In carrying out my examination I have followed th¢ Dir¢ctions givcn by th¢ Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner'8 itatement I have completed my eXamition. I confiTm that no matters have come to my att¢lltion in connection with the examination giving me caus¢ to b¢li¢vc: . accounting records were not kept in TCSP¢Ct of the Company as required by Section 386 of th¢ 2006 Act; or 2. the accounts do Dot accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of th¢ 2006 Act other than any requirement that the accounts give a trn¢ and fair view whk¢h is not a matter considered as part of an independent examination. or 4. the a¢counts have not b¢en prcpared in accordance with th¢ m¢thod8 and principle8 of the Stat¢m¢nt of Recommend¢d Practice for accounting and reporting by charities (applicable to charities Preparing their accounts ill accordanc¢ with th¢ Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102)). I have no concerns and hav¢ come across no othcr matters in connection with the examination to wbi¢h attention should be drawn in this report in OTdct to Cnablc a proper understanding of the accounts to bc r¢achcd. Anw¢r Patel BA(Hons), FCA BFP Prestons & J&ck8ons Parership LLP 364- 368 Cranbrook Road nford Ess IG2 6HY 2111112025 Page 6
Kilburn Islamic Centre Ltd tatement of FI[}cIal ctivities for th Year En l March 2024 Paiod 116122 Yw Ended 3113124 Total funds 3113123 Total funds as restated Unr¢stricted Restricted fimd fund Notes INCOME Aryj D ENDOWMENTS FROM Donations and leBacies 263,873 2.067 266J40 227.127 Charltable actlvltle6 KIC Tuition Fees 81,563 81563 Total 345,436 2,667 348,103 227,127 EXPENDITURE ON Raising funds 16,710 IQ710 Cbarltable acdvltlej Administralive Exp Staff Training 340,336 2,284 17.095 357,431 2384 273,485 Tolyél 359,330 17.095 376,425 273.485 LYET INCOMEI(IXPENDrruRE) Transfer8 between fundB (13,894) (14,428) (14,428) 14,428 {28J22) (46.358) 13 Net movement In fundi (28,322) (28J22) (46,358) RECONCILIATION OF FUNDS Totsl fund$ brought forward As previously reported Prior y¢ar adjustment 21J63 624,938 21J63 624,938 692.659 AS restated 64fi301 646JOI 692,659 TOTAL FUNDS CARRIED FORWARD 617.979 617J79 646,301 The notes forni part of these financial statements Page 7
Kilburn Islamic tre Ltd Balance heet 31 Match 2024 31J.24 Total fund6 31.3.23 Total fimds as restated Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible &ssets 645,036 645,036 658.188 CURRENT ASSETS Debtors Cath in hand 19,478 9,266 19,478 9266 24,273 28,744 28,744 24273 CREDITORS Amounts falling due within one ycar 10 {51,818) (51018) (29,150) NET CURRENT ASSETS (23,074) (23,074) (4,877) TOTAL ASSETS LESS CURRENT LIABILITIES 621,962 621,962 653,31 I CREDITORS Amounls falling due after mor¢ than one y¢ar I I (3983) (3.983) (7,010) NET ASSETS 617,979 617,979 646,301 FUNDS Unrestricted funds 13 617,979 646,301 TOTAL FUNDS 617,979 646,301 The charitable company is entitled to exen]ptiim from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required th¢ company to obtain an audit of its fmancial statements for the year cndcd 31 March 2024 in accordance with Section 476 of the Companies Act 21)06. The notss fonn part of these fmancial statements Page 8 continued...
Kilbum Islamic Centre Ltd Balance Sheet - continued 31 March 2024 The trte¢S acknowledge their rcsponsibilities for (a) Cnsuring that th¢ ¢haritabl¢ company keeps a¢wunting rccords that comply with S¢ctions 386 and 387 of th¢ Companies Act 2006 and (b) preparing financial statements which give a true and fair vi¢w of the state of affairs of the ¢haTitable company as at the end of each fllwi¢ial year and of its surplus or deficit for each financial year in accordance with the r¢quir¢ments of Sections 394 and 395 and which otherwise conwly with thc requiremcnt8 of the Companies Act 2006 relating to financial statcments. so far as applicable to the charitabl¢ Gompany. These financial statement8 have been prepared in a¢¢ordance with the provisions applicable to charitabl¢ companies subject to the small companie8 regime. Th¢ financial statements wer¢ approved by the Board of Trustees and authorised for isslle on . and were signed on its behalf by: R U Ahrned - Tru8t¢¢ l Dlractor The notes forni part of these financial statements Page 9
Kilburn Islamic Centre Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparlng the financla] statemeDt5 The findncial statements of the charilable mpanY, which is a public benefit entity under FRS 102, have been prepared in ac¢oTdanc¢ with the Charities SORP (FRS 102) 'Ac¢ounting and Rcporting by Charities: Statement of R¢¢ommended Practice applicable to chariti¢$ pr¢paring their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019),. Financial Reporting Standard 102 'Tbe Financial Reporting Standard applicable in the UK and Republic of Jreland, and the Cornpani¢s Act 2006. The fllwicial statements bave bc¢n preped under the historical cost convention. Income All income is recoglli5¢d in tbc Statement of Financial Activities once the charity bas entitlement to thc fundg, It 18 probable that the income will be received and the amount can be measured Teliably. Expendlture Liabilities are recognised as expenditure as soon as there is a Icgal or constructive obligation committin8 th¢ d]arity to that cxp¢nditure, it is probable that a transf¢r of ¢conomi¢ b¢ncfits will be required in settlement the amount of the obligation Can be m¢asur¢d reliably. Expenditure i8 accounted for on an a¢¢ruals basis and haB bccn cla8sifi¢d under headin88 that ag8rcgat¢ all cost r¢latcd to the category. Where costs cannot b¢ dir¢ctly attributed to particular headings they hav¢ been allocatcd to activitics on a ba818 consistent with the u8e of resourc¢8. Grants offered subject to conditions which have not be¢n mel at the year end date are Doted a5 a committnent but not accrued as expenditure. Tanglble fixed a88ets Depreciation is providcd at the following annual rates in order to write off ¢ach aJset ov¢r its estimated useful life. Leasehold improvemcnts are depr¢ciated on a 8traight-line basis over 20 years. Plant and machinery are depre¢iat¢d on a straight-line basis over 5 years. Computff Equipments are depreciated at 33.33 % on ¢08L Taxatlon The charity is exempt from corporalion tax on its clwitable activities. Fund accounting Unrestricted funds Can be used in accordance with tELC charitable objectives at the discretion of the trust¢¢s. R¢$tricted funds can only be used for particular restrirt¢d PUTP08¢S Within the objects of the charAty. Restrirtions aTiS¢ when specified by the donor or Wh funds are raised for particular r¢slri¢t¢d pUOses. Page 10 continued...
Kilburn Islan]ic Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTL¥G POLICIES - continued Fund aecollndng Further explanatton of the nature and purpose of each fund is included in the notes to the financial staternents. Going concern Thc to1 current liabiliti¢s Cxceeds th¢ total Current assets of thc charitabl¢ ¢OD]pany as at 31 st March 2024. The trustee8 have confinned that the cbarity will have continuous 5UPPOrt from the community. It 18 on this basis account8 have been Prepared on tbe going conccrn ba818. NET INCOMEI(EXPENDITURK) Net incomel(expenditure) is stated after chargin{crediting). Period 116122 to 3113123 as restated Year Ended 3113124 Depreciation - owned assct8 Independent Examination 48,223 3,750 46,455 TRUSTEES, REMUNERATION AND BENEFITS Th¢r¢ wcre no tnistees, remuneration or other ben¢fits for the year ended 31 March 2024 nor for the pLYiod ended 31 March 2023. Trllgteei, expenses There wcre no trust¢¢s' expenses paid for the year ¢ndcd 31 2024 nor for th¢ period ¢nd¢d 31 March 2023. Page 11 continued...
Kilburn Islamic Centre Ltd Notes to the Financial Ststements - Colltinued for the Year Ended 31 March 2024 STAFF COSTS Thc avcrdge monthly number of cmployccs during th¢ year was as follows: Pcriod 116122 to 3113123 as restated 14 Year Ended 3113124 Charitabl¢ 19 No employces received emoluments in excess of £60.000. COMPARATIVES FOR THE STAITMENT OF FINAIYCIAL ACTIVITIES Unrestricted Restricted fimd fund Total funds &8 restated INCOME AND EIYDOWMENTS FROM Donations and legacies 227,127 227,127 EXPElITuRE ON Charltable actlvltles Administrative Exp 273,485 273,485 NET INCOMEI(EXPENDITURE) (46,358) (46,358) RECONCILIATION OF FUNDS Total funds brou8bt forward 692,659 692,659 TOTAL FUNDS CARRIED FORWARD 646.301 646,301 Page 12 continued...
Kilburn Islamic Centre Ltd otes to the Financial Statements - continued for the Year Ended 31 March 2024 PRIOR YEAR ADJUSTME SHORT LEASEHOLD: 2024 2023 (as restated) 2023 (original) Cost Additions 705,081 35,071 565,455 139,626 Cost clfwd 740.152 705.081 DepreclAtlon Accumulated Depreciation Charge for year 80,143 37,022 44,889 35,254 Total Depreciation 117,165 80,143 Net Book Value 622,987 624,938 STATEMENT OF CHANGE IN RESERVES General Reserve8 Balance as at 1st June 2022 Prior year adjustment for Year Ended 3 1st May 2022 172.094 520.566 Restatsd Balance 692,660 Changes In reserves for tbe perlod ended 31•t Mareh 2023 Net Income or (Expelldifure) (46.359) Balance as at 318t Mareh 2023 646JQl CbaDges In re8erve8 for 2024 Nct tncomc or (Expenditure) (28.322) Balance as at 31st March 2024 617,979 Page 13 continued...
Kilburn Islamic Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 Prior ycar adjuslmcnt was made to capitalise repairs that bad b¢cn incoffectly expensed in the previous two years. For thc ycar ¢nded 31 st May 2022. cxpcnscs had bc¢n ovcrstatcd by £565.455 less depreciation of £44,889, and for thc pcriod ended 3 1st March 2023 net dcficit was r¢duced to £46.359 by capitalizing r¢pairs of £139,626 from thc statement of fjnancial activities less depTlation charge of £35,254. Accordingly. a wior year adjustment was required to ¢ottect th¢se material erroTS. Opcning reserves in the comparatlVC5 financial statements (as at I st June 2022) have b¢en increased by £520,566 (net of depreciation). Opening reserves to the current yearfs financial statements (as al Ist April 2023) have been fillther adjusted by (£46,359), Th¢ lative impact of these adjustments is an illcreasc of £474,207 in General Reserves previously understated al 3 1st March 2023. These adjustment have been made to correct the carrying value of the thort Icaschold asset in the fllWicial statements for the year cnded 3 1st March 2024. KEY MANAGEMENT PERSONF4EL The Key Managemcnt Personnel compriseE4 of the Board of TNst¢¢5 TANGIBLE FIXED ASSETS Short leasehold Plant and Computer machinery equipment Totals COST At l April 2023 AdditionA 705,081 35,071 61,827 1,060 767,968 35,071 At 31 March 2024 740,152 61,827 1,060 803,039 DEPRECIATION At l April 2023 Charge for year 80,143 37.022 29284 10048 353 353 109,780 48323 At 31 March 2024 117,165 40,132 706 158,003 NET BOOK VALUE At 31 March 2024 624987 21,695 354 645,036 At 31 March 2023 624,938 32.543 707 658,188 Page 14 continued...
Kilburn Islamic Centre Ltd to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 31.3.24 31.3.23 as restated Prq>all¢nts 19,478 10. CREDITORS: AMOUIYTS FALLING DUE THIN ONE YEAR 31.3.24 31.3.23 as r¢stal¢d Bank loans and overdrafts (See note 12) Other loans (sce note 12) Other creditors A¢crued expenses 3,000 40,000 5,068 3,750 2,952 26,198 51,818 29,150 11. CREDITORS: AMOUIYTS FALLING DUE AER MORE THAN ONE YEAR 31J.24 31.3.23 as restated Bank loans (see note 12) 3,983 7,010 12. LOANS An allalysis of the maturity of loans is given below: 3A.3a4 31.3.23 as restated Amount8 falling due within one year on demand: Bank loans Karzi Hasana 3,000 40,000 2,952 26,198 43,000 29.150 Amounts fallAng b¢twc¢n one and two years: Bank loans - 1-2 years 3,983 7.010 Kar21 Hasana are interest fr¢¢ loans from the community ryyable on requesL Page 15 Gontinued...
Kilburn Islamic Centre Ltd Notes to the Financial Statements - continued for the Year Ended 31 Marcb 2024 13. MOVEMENT IN FUNDS Prior Net movement in funds Transfers b¢tween fimds At 3113124 At 114123 adjustinent UDre5tr1cted fun General fund 21J63 624,938 (13.894) (14,428) 617,979 Restrleted funds Restricted fund (14,428) 14,428 TOTAL FUNDS 21J63 624,938 (28,322) 617,979 Net movement in funds, included in the above are as follows: Incomillg Resources Movement rcsources expended in funds Unrejtrlcted funds General fund 34S,436 (359J30) (13094) Restrlcted funds Restricted fund 2,667 (17,095) {14A28) TOTAL FUNDS 348,103 (376,425) (2&322) Comparatlvu for movement ID fund¥ Net movement in funds At 3113123 At 116122 Unrejtrleted funds General fund 692,659 (46,358) 646,301 TOTAL FUNDS 692,659 (46,358) 646,301 Page 16 continued...
Kilburn Islamic Centre Ltd Notes to the Financial Staternents - for the Year Ended 31 March 2024 ntinued 13. MOVEMENT JN FUNDS- eondnued Comparntive net movcm¢nt in fund& included in the abov¢ are as follow8: Incoming Resources Movement resources expended in funds Unre8trfcted funds General fund 227,127 (273.485) (46.358) TOTAL FUNDS 227,127 (273,485) (46,358) TransferB between fundi The transfer of funds of £14,428 from unr¢stri¢t¢d to r¢stri¢t¢d reserves was undertaken to cover th¢ restricted donations paid in th¢ year. 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year cndgd 3 1st MaTch 2024 and 31 st March 2023. Page 17
Kilburn Islamic Centre Ltd Detaile ment of Financial Activities r the Year Ended 31 March 2024 Period 116122 to 3 113123 as r¢8tatsd Y¢ar Ended 3113124 INCOME AND ENDOWMENTS Donatlons and legacie8 Donations Gift aid 212,272 54,268 227,127 266,540 227,127 ChArltable actlvltleB Tuition Fees 81J63 Total Ineomlng resour¢e8 34&103 227,127 EXPENDITURE Ralslng donAtlon8 and legAckB Contractors Event Cost 16,060 650 16,710 Charltable aetlvldej Wagcs and salaries Consultancy Donations 97043 32,622 68,486 88,559 19&951 88,559 Support costs Management Rates and water Insurance Ligbt and heat Catried forward 1,901 3,754 11,639 17,294 4,136 12,769 20.914 This page does not forn] part of the statutory financial slatements Page 18
Kilburn Islamic Centre Ltd Detailed Ststemellt of Financial Activities for the Year Ended 31 March 2024 Period 116122 to 3113123 as restatcd Year Ended 3113124 ManagemeDt Brought forward Telepbone Postage and ststionery Advertising Subscription Equipment Expensed Rcpairs &nd nIntenall¢e Travelling costs Stsff training & welfare R¢nt Cleaning DcprcciatlOD 17.294 1296 1,013 234 963 2,404 1,022 1,404 880 56,250 15,973 47.870 20,914 2,946 1,269 1,180 5,992 13,801 6,642 1.428 76.827 6,000 46,455 146,603 183,454 Flnanee Bank charges Bank illt¢r¢st 55 216 116 237 271 353 Governance ¢o$ts Independent Examination Fees Other legal & professional consultan Fee 3,750 2,490 7,650 1,119 13,890 1,119 Totsl resources expended 376,425 273,485 Net expendlture (28J22) (46,358) ThÉs page does not fom part of the ststutory financial statements Page 19