Trustees’ Annual Report for the period
From 01/07/2022 Period start date To 30/06/2023 Period end date
Charity name:The Tritatna Buddhist Community (Colchester)
Charity registration number:1046724
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Advancement of the buddhist religion by encouraging members and others to live in accordance with the teaching of the Buddha and by supporting the teaching work of Order Members of the Triratna Buddhist Order and other duly ordained buddhists |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Teaching meditation and buddhism at public classes 4 times a week and running/supporting outreach groups. Training members and others towards ordination in the Triratna Buddhist Order. Providing facilities for Buddhist worship. Organising weekend retreats for women (twice a year), for men (once a year) and for joint groups (twice a year) Providing facilities for yoga classes, counselling and other therapeutic activities. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have paid due regard to the Charity Commission guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
| Contribution made by volunteers |
Para 1.38 | The centre is run by volunteers and all teaching activity is carried out on a volunteer basis. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Following the removal of Covid restrictions we reopened the Centre to in-person classes. In addition to in-person classes we continued to run two daily on-line meditation session and weekly class teaching basic Buddhism. We also ran two introductory weekend retreats. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity is in a sound financial position with annual income continuing to exceed expenditure. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The policy on reserves is to hold sufficient funds to meet any likely expenses falling due in the event of the charity having to wind up its affairs. |
| Amount of reserves held | Para 1.22 | 2500 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | There are no uncertainties about the ability of the charity to continue operating. |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Voluntary donation |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | The charity relies on voluntary donations and so is at risk to a general downturn in economic circumstances that would affect people’s ability to make donations. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unincorporated Association |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are elected by members of the charity |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Triratna Buddhist Community (Colchester) |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1046724 |
| Charity’s principal address | 2 Portland Road Colchester Essex CO2 7EH |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
|
|---|---|---|---|---|
| Raymond Force | Chair | |||
| Darren Barrenger | Secretary | 1/7/22 – 30/9/22 | ||
| Tom Sangster | Treasurer | |||
| Kendal Lavery | ||||
| Michael Mills | ||||
| BeverleyWilson | ||||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information) Type of adviser Name
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name Raymond Lawrence Force
Position (eg Secretary, Chair, etc) Chair
Date 30/11/2023
Registered number: 08116669 Charity number: 1154340
ISLAMBRADFORD
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
ISLAMBRADFORD
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Trustees' responsibilities statement | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
ISLAMBRADFORD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR
THE YEAR ENDED 30 JUNE 2023
Trustees
M R Chowdhury, Chair M I Chin-Chan A N Akhunzada M A Issat
Company registered number
08116669
Charity registered number
1154340
Registered office
35 Hall Royd, Shipley, Bradford, West Yorkshire, BD18 3ED
Accountants
Philip Shaw & Co, 7 Duke Way, Wakefield, West Yorkshire, WF1 2ER
Page 1
ISLAMBRADFORD
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023
The Trustees present their annual report together with the financial statements of for the year 1 July 2022 to 30 June 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Objectives and Activities
a. Policies and objectives
The charity's objectives as set out in the company's memorandum of association are to:
Promote the teachings of Islam in the community.
To provide quality educational and cultural programmes primarily aimed at the Muslim community in the English medium, but open to all faiths and backgrounds.
To engage with other communities in Bradford with a view to increased community cohesion and mutual understanding.
To make positive contributions for the wellbeing of all Bradfordians.
b. Activities for achieving objectives
The pursuit of the aforementioned objectives is manifested through a number of ongoing activities:
Provide facilities for public to fulfil their daily Islamic obligations, ie prayers.
Education classes for various age groups, Saturday classes, lessons in English and Arabic.
Invite renowned speakers to give lectures and hold seminars.
Unified celebration of Islamic festivals, ie Eid and Ramadan.
c. Main activities undertaken to further the charity's purposes for the public benefit
'Fundraising for various issues in support of the local community and wider areas.
Supporting the local community on social issues.
Achievements and performance
a. Review of activities
Increase in the number of regular attendees.
Growth in student base for regular Islamic classes for children making children proficient in Qu'ran and Arabic.
Page 2
ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2023
Continued growth in fund raising.
b. Reserves policy
Unrestricted funds are maintained at a level which equates to three months expenditure. Restricted funds are held for future charitable development.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22/6/12.
The company is constituted under a Memorandum of Association dated 22/6/12 and is a registered charity number 1154340.
The principal object of the company is to provide education to the public to promote religious harmony and community cohesion.
b. Method of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Plans for future periods
a. Future developments
The charity's aim is to be a exemplary organisation representing Muslim faith in the local community.
This report was approved by the Trustees, on 15 November 2023 and signed on their behalf by:
M R Chowdhury Trustee
Page 3
ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2023
The Trustees (who are also directors of Islambradford for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
ISLAMBRADFORD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023
Independent examiner's report to the Trustees of Islambradford (the 'company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2023.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the Trustees of the company (and 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 the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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 other to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 15 November 2023
Maggie Lee ACCA
Philip Shaw & Co
Page 5
ISLAMBRADFORD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023
| Unrestricted funds 2023 Note £ Income and endowments from: 47,887 Fundraising and donations 2 Educational activities 70,295 Room hire 325 55- Total income and endowments 118,507 Expenditure on: 73,624 Direct costs on charitable activities 3 Administration costs 4 51,256 Total expenditure 5 124,880 Net income before other recognised gains and losses (6,373) Net movement in funds (6,373) Reconciliation of funds: Total funds brought forward 449,458 Total funds carried forward 443,085 |
Total funds 2023 £ 47,887 70,295 325 118,507 73,624 51,256 124,880 (6,373) (6,373) 449,458 443,085 |
Total funds 2022 £ 53,164 77,420 - |
|---|---|---|
| 130,584 | ||
| 57,323 45,230 |
||
| 102,553 | ||
| 28,031 28,031 421,427 |
||
| 449,458 |
The notes on pages 8 to 15 form part of these financial statements.
Page 6
ISLAMBRADFORD
(A company limited by guarantee) REGISTERED NUMBER: 08116669
BALANCE SHEET
AS AT 30 JUNE 2023
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors:amounts falling due within one year 11 Net current assets Net assets Charity Funds Unrestricted funds 12 Restricted funds 12 Total funds |
£ 4,750 101,176 105,926 (945) |
2023 £ 338,104 104,981 443,085 300,136 142,949 443,085 |
£ 4,750 95,373 100,123 (470) |
2022 £ 349,805 99,653 |
|---|---|---|---|---|
| 449,458 | ||||
| 280,330 169,128 |
||||
| 449,458 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 15 November 2023 and signed on their behalf, by:
M R Chowdhury
The notes on pages 8 to 15 form part of these financial statements.
Page 7
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
IslamBradford meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
No restatements were required.
1.3 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Page 8
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies (continued)
1.4 Donations
All donations are recognised once the company has entitlement to the donation, it is probable that the donation will be received and the amount of donation receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Page 9
ISLAMBRADFORD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies (continued)
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold property 5% straight line - Plant and machinery 20% reducing balance - Fixtures and fittings 20% reducing balance
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Page 10
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
2. Income from donations and legacies
| . Income from donations and legacies |
|||
|---|---|---|---|
| Unrestricted funds 2023 £ Fundraising and donations 47,887 Total 2022 53,164 3. Direct costs on charitable activities Activity £ Educational materials and other costs 31,944 Wages and salaries 41,680 73,624 At 30 June 2022 57,323 4. Administration costs |
Total funds 2023 £ 47,887 53,164 Total 2023 £ 31,944 41,680 73,624 57,323 |
Total funds 2022 £ 53,164 |
|
| Total 2022 £ 14,959 42,364 57,323 |
|||
| Unrestricted Funds 2023 £ Administration costs - Office administration 1,908 Administration costs - Advertising 40 Administration costs - Cleaning 3,098 Administration costs - Telephone - Administration costs - Insurance 13 Administration costs - Light and heat 15,577 Administration costs - Repairs and maintenance 3,966 Administration costs - Equipment hire - Administration costs - Accountancy fees 475 Administration - depreciation - tangible fixed assets 227 Administration - depreciation - property 25,952 51,256 |
Total funds 2023 £ 1,908 40 3098 - 13 15,577 3,966 - 475 227 25,952 51,256 |
Total funds 2022 £ 1,662 - - - 1,813 12,858 3,292 - 150 227 25,228 45,230 |
|---|---|---|
Page 11
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
5. Analysis of Expenditure by expenditure type
| Charitable activities Expenditure on governance Total 2021 |
Staff costs Depreciation Other costs 2023 2023 2023 £ £ £ 41,680 - 31,944 - 26,179 32,714 41,680 26,179 64,658 42,364 25,455 34,734 |
Total 2023 £ 73,624 51,256 124,880 102,553 |
Total 2022 £ 57,323 45,230 102,553 |
|---|---|---|---|
6. Turnover
All turnover arose within the United Kingdom.
7. Net income/(expenditure)
This is stated after charging:
| 2023 £ Depreciation of tangible fixed assets: 26,179 - owned by the charity During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL). |
2022 £ 25,455 |
|---|---|
8. Staff costs
Staff costs were as follows:
| 2023 £ Wages and salaries 41,680 The average number of persons employed by the company during the year was as follows: 2023 No. Admin 10 No employee received remuneration amounting to more than £15,000 in either year. |
2022 £ 41,680 2022 No. 10 |
|---|---|
Page 12
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
9. Tangible fixed assets
| Freehold Plant and Fixtures and property machinery fittings £ £ £ Cost At 1 July 2022 504,569 17,949 105,573 Additions 14,478 - - At 30 June 2023 519,047 17,949 105,573 Depreciation At 1 July 2022 155,672 17,041 105,573 Charge for the year 25,952 227 - At 30 June 2023 181,624 17,268 105,573 Net book value At 30 June 2023 337,423 681 - At 30 June 2022 348,897 908 - 10. Debtors 2023 £ Other debtors 4,750 11. Creditors: Amounts falling due within one year 2023 £ Accruals and deferred income 945 12. Statement of funds Statement of funds - current year Balance at 1 July 2022 Income Expenditure £ £ £ Unrestricted funds 280,330 118,507 (98,701) Restricted funds 169,128 - (26,179) Total funds 449,458 118,507 (124,880) |
Total £ 628,091 14,478 642,569 278,286 26,179 304,465 338,104 349,805 2022 £ 4,750 2022 £ 470 Balance at 30 June 2023 £ 300,136 142,949 443,085 |
|
|---|---|---|
Page 13
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
12. Statement of funds
(continued)
Statement of funds – prior year
| Unrestricted funds Restricted funds Total funds Summary of funds – current year General funds Summary of funds - prior year General funds 13. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year |
Balance at 1 July 2021 £ 226,844 194,583 421,427 Balance at 1 July 2022 £ 449,458 Balance at 1 July 2021 £ 421,427 |
Balance at 1 July 2021 £ 226,844 194,583 421,427 Balance at 1 July 2022 £ 449,458 Balance at 1 July 2021 £ 421,427 |
Income Expenditure £ £ 130,584 (77,098) - (25,455) 130,584 (102,553) Income Expenditure £ £ 118,507 (124,880) Income Expenditure £ £ 130,584 (102,553) Unrestricted Restricted funds funds 2023 2023 £ £ - 338,104 105,926 - (945) - 104,981 338,104 |
Balance at 30 June 2022 £ 280,330 169,128 449,458 Balance at 30 June 2023 £ 443,085 Balance at 30 June 2022 £ 449,458 Total funds 2023 £ 338,104 105,926 (945) 443,085 |
|---|---|---|---|---|
13. Analysis of net assets between funds Analysis of net assets between funds - current year
Page 14
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Unrestricted Funds 2022 £ Tangible fixed assets - Current assets 100,123 Creditors due within one year (470) 99,653 14. Reconciliation of net movement in funds to net cash flow from operating Net income for the year (as per Statement of Financial Activities) Net cash provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total |
Unrestricted Funds 2022 £ - 100,123 (470) |
Unrestricted Funds 2022 £ - 100,123 (470) |
Restricted funds 2022 £ 349,805 - - |
Total funds 2022 £ 349,805 100,123 (470) 449,458 2022 £ 28,031 28,031 2022 £ 95,373 95,373 |
|||
|---|---|---|---|---|---|---|---|
| 99,653 | 349,805 | ||||||
| activities 2023 £ (6,373) (6,373) 2023 £ 101,176 101,176 |
|||||||
16. Related party transactions
There were no related party transactions.
Page 15
Registered number: 08116669 Charity number: 1154340
ISLAMBRADFORD
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
ISLAMBRADFORD
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Trustees' responsibilities statement | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
ISLAMBRADFORD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR
THE YEAR ENDED 30 JUNE 2023
Trustees
M R Chowdhury, Chair M I Chin-Chan A N Akhunzada M A Issat
Company registered number
08116669
Charity registered number
1154340
Registered office
35 Hall Royd, Shipley, Bradford, West Yorkshire, BD18 3ED
Accountants
Philip Shaw & Co, 7 Duke Way, Wakefield, West Yorkshire, WF1 2ER
Page 1
ISLAMBRADFORD
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023
The Trustees present their annual report together with the financial statements of for the year 1 July 2022 to 30 June 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Objectives and Activities
a. Policies and objectives
The charity's objectives as set out in the company's memorandum of association are to:
Promote the teachings of Islam in the community.
To provide quality educational and cultural programmes primarily aimed at the Muslim community in the English medium, but open to all faiths and backgrounds.
To engage with other communities in Bradford with a view to increased community cohesion and mutual understanding.
To make positive contributions for the wellbeing of all Bradfordians.
b. Activities for achieving objectives
The pursuit of the aforementioned objectives is manifested through a number of ongoing activities:
Provide facilities for public to fulfil their daily Islamic obligations, ie prayers.
Education classes for various age groups, Saturday classes, lessons in English and Arabic.
Invite renowned speakers to give lectures and hold seminars.
Unified celebration of Islamic festivals, ie Eid and Ramadan.
c. Main activities undertaken to further the charity's purposes for the public benefit
'Fundraising for various issues in support of the local community and wider areas.
Supporting the local community on social issues.
Achievements and performance
a. Review of activities
Increase in the number of regular attendees.
Growth in student base for regular Islamic classes for children making children proficient in Qu'ran and Arabic.
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ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2023
Continued growth in fund raising.
b. Reserves policy
Unrestricted funds are maintained at a level which equates to three months expenditure. Restricted funds are held for future charitable development.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22/6/12.
The company is constituted under a Memorandum of Association dated 22/6/12 and is a registered charity number 1154340.
The principal object of the company is to provide education to the public to promote religious harmony and community cohesion.
b. Method of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Plans for future periods
a. Future developments
The charity's aim is to be a exemplary organisation representing Muslim faith in the local community.
This report was approved by the Trustees, on 15 November 2023 and signed on their behalf by:
M R Chowdhury Trustee
Page 3
ISLAMBRADFORD (A company limited by guarantee)
TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2023
The Trustees (who are also directors of Islambradford for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
ISLAMBRADFORD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023
Independent examiner's report to the Trustees of Islambradford (the 'company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2023.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the Trustees of the company (and 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 the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
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 other to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 15 November 2023
Maggie Lee ACCA
Philip Shaw & Co
Page 5
ISLAMBRADFORD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023
| Unrestricted funds 2023 Note £ Income and endowments from: 47,887 Fundraising and donations 2 Educational activities 70,295 Room hire 325 55- Total income and endowments 118,507 Expenditure on: 73,624 Direct costs on charitable activities 3 Administration costs 4 51,256 Total expenditure 5 124,880 Net income before other recognised gains and losses (6,373) Net movement in funds (6,373) Reconciliation of funds: Total funds brought forward 449,458 Total funds carried forward 443,085 |
Total funds 2023 £ 47,887 70,295 325 118,507 73,624 51,256 124,880 (6,373) (6,373) 449,458 443,085 |
Total funds 2022 £ 53,164 77,420 - |
|---|---|---|
| 130,584 | ||
| 57,323 45,230 |
||
| 102,553 | ||
| 28,031 28,031 421,427 |
||
| 449,458 |
The notes on pages 8 to 15 form part of these financial statements.
Page 6
ISLAMBRADFORD
(A company limited by guarantee) REGISTERED NUMBER: 08116669
BALANCE SHEET
AS AT 30 JUNE 2023
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors:amounts falling due within one year 11 Net current assets Net assets Charity Funds Unrestricted funds 12 Restricted funds 12 Total funds |
£ 4,750 101,176 105,926 (945) |
2023 £ 338,104 104,981 443,085 300,136 142,949 443,085 |
£ 4,750 95,373 100,123 (470) |
2022 £ 349,805 99,653 |
|---|---|---|---|---|
| 449,458 | ||||
| 280,330 169,128 |
||||
| 449,458 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 15 November 2023 and signed on their behalf, by:
M R Chowdhury
The notes on pages 8 to 15 form part of these financial statements.
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ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
IslamBradford meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
No restatements were required.
1.3 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Page 8
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies (continued)
1.4 Donations
All donations are recognised once the company has entitlement to the donation, it is probable that the donation will be received and the amount of donation receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Page 9
ISLAMBRADFORD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. Accounting policies (continued)
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Freehold property 5% straight line - Plant and machinery 20% reducing balance - Fixtures and fittings 20% reducing balance
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Page 10
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
2. Income from donations and legacies
| . Income from donations and legacies |
|||
|---|---|---|---|
| Unrestricted funds 2023 £ Fundraising and donations 47,887 Total 2022 53,164 3. Direct costs on charitable activities Activity £ Educational materials and other costs 31,944 Wages and salaries 41,680 73,624 At 30 June 2022 57,323 4. Administration costs |
Total funds 2023 £ 47,887 53,164 Total 2023 £ 31,944 41,680 73,624 57,323 |
Total funds 2022 £ 53,164 |
|
| Total 2022 £ 14,959 42,364 57,323 |
|||
| Unrestricted Funds 2023 £ Administration costs - Office administration 1,908 Administration costs - Advertising 40 Administration costs - Cleaning 3,098 Administration costs - Telephone - Administration costs - Insurance 13 Administration costs - Light and heat 15,577 Administration costs - Repairs and maintenance 3,966 Administration costs - Equipment hire - Administration costs - Accountancy fees 475 Administration - depreciation - tangible fixed assets 227 Administration - depreciation - property 25,952 51,256 |
Total funds 2023 £ 1,908 40 3098 - 13 15,577 3,966 - 475 227 25,952 51,256 |
Total funds 2022 £ 1,662 - - - 1,813 12,858 3,292 - 150 227 25,228 45,230 |
|---|---|---|
Page 11
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
5. Analysis of Expenditure by expenditure type
| Charitable activities Expenditure on governance Total 2021 |
Staff costs Depreciation Other costs 2023 2023 2023 £ £ £ 41,680 - 31,944 - 26,179 32,714 41,680 26,179 64,658 42,364 25,455 34,734 |
Total 2023 £ 73,624 51,256 124,880 102,553 |
Total 2022 £ 57,323 45,230 102,553 |
|---|---|---|---|
6. Turnover
All turnover arose within the United Kingdom.
7. Net income/(expenditure)
This is stated after charging:
| 2023 £ Depreciation of tangible fixed assets: 26,179 - owned by the charity During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL). |
2022 £ 25,455 |
|---|---|
8. Staff costs
Staff costs were as follows:
| 2023 £ Wages and salaries 41,680 The average number of persons employed by the company during the year was as follows: 2023 No. Admin 10 No employee received remuneration amounting to more than £15,000 in either year. |
2022 £ 41,680 2022 No. 10 |
|---|---|
Page 12
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
9. Tangible fixed assets
| Freehold Plant and Fixtures and property machinery fittings £ £ £ Cost At 1 July 2022 504,569 17,949 105,573 Additions 14,478 - - At 30 June 2023 519,047 17,949 105,573 Depreciation At 1 July 2022 155,672 17,041 105,573 Charge for the year 25,952 227 - At 30 June 2023 181,624 17,268 105,573 Net book value At 30 June 2023 337,423 681 - At 30 June 2022 348,897 908 - 10. Debtors 2023 £ Other debtors 4,750 11. Creditors: Amounts falling due within one year 2023 £ Accruals and deferred income 945 12. Statement of funds Statement of funds - current year Balance at 1 July 2022 Income Expenditure £ £ £ Unrestricted funds 280,330 118,507 (98,701) Restricted funds 169,128 - (26,179) Total funds 449,458 118,507 (124,880) |
Total £ 628,091 14,478 642,569 278,286 26,179 304,465 338,104 349,805 2022 £ 4,750 2022 £ 470 Balance at 30 June 2023 £ 300,136 142,949 443,085 |
|
|---|---|---|
Page 13
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
12. Statement of funds
(continued)
Statement of funds – prior year
| Unrestricted funds Restricted funds Total funds Summary of funds – current year General funds Summary of funds - prior year General funds 13. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year |
Balance at 1 July 2021 £ 226,844 194,583 421,427 Balance at 1 July 2022 £ 449,458 Balance at 1 July 2021 £ 421,427 |
Balance at 1 July 2021 £ 226,844 194,583 421,427 Balance at 1 July 2022 £ 449,458 Balance at 1 July 2021 £ 421,427 |
Income Expenditure £ £ 130,584 (77,098) - (25,455) 130,584 (102,553) Income Expenditure £ £ 118,507 (124,880) Income Expenditure £ £ 130,584 (102,553) Unrestricted Restricted funds funds 2023 2023 £ £ - 338,104 105,926 - (945) - 104,981 338,104 |
Balance at 30 June 2022 £ 280,330 169,128 449,458 Balance at 30 June 2023 £ 443,085 Balance at 30 June 2022 £ 449,458 Total funds 2023 £ 338,104 105,926 (945) 443,085 |
|---|---|---|---|---|
13. Analysis of net assets between funds Analysis of net assets between funds - current year
Page 14
ISLAMBRADFORD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Unrestricted Funds 2022 £ Tangible fixed assets - Current assets 100,123 Creditors due within one year (470) 99,653 14. Reconciliation of net movement in funds to net cash flow from operating Net income for the year (as per Statement of Financial Activities) Net cash provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total |
Unrestricted Funds 2022 £ - 100,123 (470) |
Unrestricted Funds 2022 £ - 100,123 (470) |
Restricted funds 2022 £ 349,805 - - |
Total funds 2022 £ 349,805 100,123 (470) 449,458 2022 £ 28,031 28,031 2022 £ 95,373 95,373 |
|||
|---|---|---|---|---|---|---|---|
| 99,653 | 349,805 | ||||||
| activities 2023 £ (6,373) (6,373) 2023 £ 101,176 101,176 |
|||||||
16. Related party transactions
There were no related party transactions.
Page 15