2023-03-31-accounts

Islamic Education Centre and Mosq	Islamic Education Centre and Mosq	ue
Statement ofRnanclal Activities
for the year ended 31March 2023
			Unrestricted	Total	Total
			funds	funds	funds
		Notes	2023	2023	2022
			f	f	f
Income and endowments	from:
Oonation and legacies			53,936	53,936	57,880
Total			53,936	53,936	57,880
Expenditure on:
Other			57,642	57,642	24,817
Total			57,642	57,642	24,817
Net gains on investments
Net Income			(3,706)	(3,706)	33,063
Transfers between funds
Net income before other
gains/(losses)			(3,706)	(3,706)	33,063
Other gains and losses
Net movement in funds			(3,706)	(3,706)	33,063
Reconciliation offunds:
Total funds brought forward			59,582	59,582	26,519
Total funds carried forward			55,876	55,876	59,582

			817,631	828,042
			817,631	828,042
Current assets
Cash at bank and in		hand	55,876	59~
			55,876	59~2
Credrtors: Amount	f'ailing due within one year
Net current assets			55,876	59~2
Total assets less current liabilities			873~7	887,624
Net assets exduding		pension asset or liability	873,507	887,624
Total net assets			873,507	887,624
lhe funds ofthe charity
ltestricted funds
Unrestricted funds
General funds			873,507	887,624
			873~7	887,624
Reserves
Total funds			873~7	887,624

Funds accounting	Funds accounting
Unrestricted	funds	These are	available for	use at	the discretion	ofthe trustees		in
		furtherance	ofthe general objects ofthe charity.
Designated	funds	These are	unrestricted	funds	earmarked by	the trustees	for
		particular	purposes.
Revaluation	funds	These are	unrestricted	funds	which include	a revaluation	reserve
		representing the restatement			ofinvestments	assets at their
		market value.
Restricted funds		These are	available for	use subject to restriction imposed				by the
		donor or through terms		ofan	appeal.

2	Statement of Flnandal Activities - prior year	Statement of Flnandal Activities - prior year	Statement of Flnandal Activities - prior year	Statement of Flnandal Activities - prior year	Statement of Flnandal Activities - prior year	Statement of Flnandal Activities - prior year
								Unrestricted	Total
								funds	funds
								2022	2022
								f	E
	Income and endowments			from:
		Donations	and legacies					57,880	57,880
	Total							57,880	57,880
	Expenditure on:
		Other						24,817	24,817
								24,817	24,817
	Net income							33,063	33,063
	Net income before other			gains/(losses)				33,063	33,063
	Other	gains and	losses:
	Net movement		in funds					33,063	33,063
	Reconciliation offunds:
	Total	funds brought forward						26,519	26,519
	Total	funds carried forward						59,582	59,582
3	income firorn donations and legacies						Linrestrlcted	Total	Total
								2023	2022
								E	f
							53,936	53,936	57,880
							53,936	53,936	57,880
4	Other expenditure						Unrestricted	Total	Total
								2023	2022
							E	E
		Employee	costs				1,208	1,208	5,447
		Premises	costs				45,669	45,669	19,162
		Amortisation, depreciation,				impairment,
		profit/loss	on disposal		of Fixed assets		10,411	10,411	(3,673)
		General administrative			costs		354	354	965
		Legal and	professional		costs				2,916
							57,642	57,642	24,817

5	Net Income before transfers	Net Income before transfers	2023 f	2022 f
	This is stated	after charging:
	Depreciation	ofowned fixed assets	10411	(3,673)
6	Staff costs		2023	2022
	Salaries and	wages	1208	5447
			1208	5447

7	Tangible fixed assets				Land	&buildings
	Cost
	At 1April 2022					842,737
	Additions
	At31March	2023				842,737
	Depreciation
	At 1April 2022					14,695
	Charge for the year					10,411
	At 31March	2023				25,106
	Net book value
	At 31March	2023				817,631
	At 31March	2022				828,042
8	Creditors:
	Amounts falling due within one year			2023		2022
	Other taxes	and social security
	Accruals
9	Movement ln funds			Incoming
				resources
				(Including	Resources
			At 1April	other	expended	At $1March
			2022	gains/losses)		2023
			K	K
	Restricted funds:
	Unrestricted	funds:
	General funds		59,582	53,936	(57,642)	55,876
	Total funds		59,582	53,936	(57,642)	55,876

10	Analysis ofnet assets between funds		Unrestricted	Restricted	Total
			funds	funds
			f	f
	Fixed assets		828,042	10,411	817,631
	Net current assets		55,876		55,876
			883,918	10.411	873,507
	Restricted funds refer to ammortlsation	and depreciation
11	Recondliation ofnet debt
			At 1April	Cash	At 31March
			2022	flows	2023
			f	E	E
	Cash and cash equivalents		59,582	(3,706)	55,876
			59,582	(3,706)	55,876
	Net debt		55,562	I3,7061	55,876

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
Income and endowments from:
Donations and legacies			53,936	53,936	77,880
			53,936	53,936	77,880
Total income and endowments			53,936	53,936	77,880
Expenditure on:
Employee costs
Salaries/wages			1,208	1,208	5,447
			1,208	1,208	5,447
Premises costs
Rates			1,880	1,880	1,298
Light, heat and power			9,461	9,461	9,073
Premises insurances			1,425	1,425	1,337
Premises repairs and maintenance			18,427	18,427	7,413
Other premises costs			476	476	41
			31,669	31,669	19,162
General administrative	costs, inc depreciation
and amortisation
Depreciation of			10,411	10,411	(3,673)
Stationery and printing			18	18	515
Telephone, fax and	broadband		336	336	450
			10,765	10,765	(2,708)
Legal and professional costs Other legal and professinal		costs			2,916
					2,916
Total ofexpenditure ofother costs			43,642	43,642	24,817
Total expenditure
Net gains on investments
Net income			10,294	10,294	53,063
Net income before other gains/(losses)			10,294	10,294	53,063
Other gains
Net movement tn funds			10,294	10,294	jj,ojj