EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation { the CIO") 4< EAST SUSSEX ISLAMIC ASSOCIATION (T.he Charitable Incorporated Organisation ("the. CIO") TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incoryorated Organisation ("the CIO") CONTENTS Page Tni%tees' report llldependent Audiior5' report Stai¢rnent of fmanciol actiYEÉies Balance sheet Notes to the accounts. EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation ("the CIO") TRUSTEES, REPORT FOR THE YE4R EJVDED 31 DECE4llBER 2024 Th¢ Trustees, have pleasure in presenting iheir ￿N)Lta￿d the uiiaudited financial statements of the charity for the year ended 31 De¢¢mber 2024. Rtferente gnd Admfinistrntiondetails Registered charity nam¢: EASTSUSSEX ISLAMIC ASSOCtATION Charity registration number 11659S9 R¢gisterèd Office me￿at0¢1& SC Leonards on Sea TN38 OEB England The TFUStees Ywius Smith MustafaBen Caid Mohammed Tmad Bourghli Abu Ahmed MohammedAfzal Awan .Rahel Ahmed MD Abdullah Al Mmif Sayee Muiiaaidi Mohmmed Akmol Ali Indepehdent Exominer Coleman Isah 45A txjndon Road Sl L'eonards on Sea East Su55ex TN37 6AY Bankers Natwest Bank Lloyds Bank struclurn, Governane4 and M*nagement Govetning document The Su&4ex Islamic Associalion is * ¢harilable IncoTPOrnted Organisation ("the C.lO"). It is govern checks, SUPPOrted by re8ularly r¢vÉ¢iv¢d policies, 3xe made for aIl those who work with children orother vu]nerable groups withiN the Mosque or the centre. Objeetlves And Aetivitie Our Aims The.objects ofthe charity are set out in the memoTandum and arricles tif the charity and are summaiised as foIiows: To advance the J51amic faith in the Hastings and surrounding areas for llic benefitof the publi¢ in particular throuBh the holdi￿￿ ofprdyerTneetin8S> l¢¢tures, the p￿bliC celebr&tion of religious festivais.and the distribution of lit￿atUre otl the Islamic faith to enlighten othe[5. To advance the ¢du¢ation of. and to provid¢'facilities inihe interests of soci81 welfare for leisure-time occupation with the obje¢tiveof improving ttLe c<)nditions of lift for all residents of Hastings and the nei8hb0ud￿oa by the provision, maintertance, and mgnagerrieht.of h community centre. OurObj¢cttves OurK)bjective5 aT¢ Set to reflect ow faith and Community aims. Each year our trustee$ Teview otr objectives arid activitie5 to ensure they continue to reflect our aims. In eanying out this review, the Irusteos have considered the Charty CommissÈon's general suidanceon publi¢ benefit and its supplementary publi¢ guidance on the advan¢¢ment of re]i8ion for the public benefit. Qllr dual aitmy r¢main to provide a facility i¥here Muslims can WOT5hip. and to providea CQEnmunity facility. for all the inhabxtants of Hastuigs and the surrounding areas. Our long4crni ambition is to build th¢'s¢lf-confidence of Hastings's Muslims in their faith, and through our community facilitie) md activities help make.OUT area a Peace￿1, vibrant, and hamionious commwLity. Strategies We want to make our Mogque accessible and welcoming venue where all Muslims, or those who vjish to khow.more about our faith, come together to learn abouttheir T¢ligion and worship". We have facilities for women ivho want to Pr￿"at the Mosqu& Th¢ Mosque is always open with dai]y prayers. the Friday prayers betng a focu5 oFour activities. EAST SUSSEX ISLAMtC ASSOCIATION (The Charitable Incorporated Organisation ("the CIO") At our'know Islam better, events we shaTe the trachings of Islam and the nature of our faith with non-mvslims. In addition loan opet) day, we plan to hold an open week each year when w¢ invite congregations from all the other local faith ¢ommunilies to visii us and learn mot¢about 151arn. important part of our strategy 15 community weltar¢ and educaiion. All our community facilities and activities including classes, health initiaiives 2nd seminars are widely advertised, we welcome the participaiiot) of all in our local cotnmunity. Muslim and nOn-M￿S11m aliLe, Mosiofour activiti¢s.4re free and Bupported by don8tion8 from within the commuiiity. A charge is m8d¢ for madrass Helping people who have moved to Hasting5 settle in th¢ comrnunity Success￿[lY is imponant to us. We run LWO projects th* heip tnsure that fdlnilies, whos¢ first language is'not English"receiv¢ appropriate English languag¢ teaching and that their children are h¢lp¢d in their attendance at local s¢hools. Us? oEVDlunteer8 VDlunteers ar¢ an in]portant resource in both our faiih and community wort(. Volunteers are &nYolvcd in mosl of our faith and CoMm￿nIry a¢iivltie$, and we have many people regularly giYin8 thcir time. All our trustees a150 give their Time freely. We encourage all memb¢r8 of our Mosque lo be irLvolved ill voluniary aetivities and to share theiT skills with other& All those volunt¢er8 working with proje¢t$ involvin- thildren or other vulnerable groups are CRB checked. Qrant.Making wjlicy Those atttrtding Dur Mosque have 8iven generously to di5aster'appeals arÈsing from nalural calamities atYectin8 various countries around the world. This year, 85 we did last year, we admknistered thv receipt and di5tributÉon of Zakat, which is colle¢¢ed and distributed in accordance with'ihe teachings of Islam for the rclief of those in poverty. We work with partner otEanisatiort$, usuallythe Eocal Mosque, to identify who we ca]J help. Activiue&alld Achievements How OUT activittes deliver publicbenefit The charity cauies out a wide range of activities in pursuance of its charitable aims. The trustee5 consider that these ftctivities. summaTi5ed below.provide benefit both to thDse who ivorsbtp atour Mosque and the widtfcornEnunity of Haslings.. Religiou5 Activities Our hfosque wovides a centre for out prnyers and worship a￿dfor th&adiYities.associate'd wilh our foith. During thè .year under ￿V1¢W. we offered a range of relÉgious.s¢rYiGes and activiries Including: .Pr￿eT￿.. The Mosque is open for daily.and Friday prayers. During the week we have many people who rcgularly attend daily Friday pray¢rs. Fesiivols.. People aTe encouraged ro provide food to those who wish to break thsir..fAst together it).the mosque. Eid was also celebrated at the Mosque witb a family day and communal tneal. F￿￿ern1/aCIlIIros.. The M05que provides a COEnplete Mnerdl 5ervic¢ in line with the teaching of Islam. We help and assist the deceased'ibereavedrelatives in OTgan15Éng buria]5 and work closely widL funerdl directon and the."ceTDetery. We alsohold special classes to teach people how to proreed.with l$lami¢ burial procedure5. Clvllmorrluge aiidNlkkali.. The Mosque pJoVides Muslim ¢oupl¢s ivitt) an approprittte location for.Nikkah (Islamic marriage). Hlfz clomes.. Memorisation of1he Quran is ¢on5iderèd an important eleinent of TeliÈious edttcation arid trafnin& We continue to provide this facility forthe young peDple Attd adults in the Mosque. EAST SUSSEX ISLAMIC ASSOCIATION (Tbe Charitable Incorporated Organisation ("the CIO") liiler-fuiih dEologu&. Our Mosque is an active Inetiibtt of the Fttith Communities Forum for tli¢ Hastings area. We use this plarforni to promote inter-faith dialogue and SOCTal cohesion. Zakul.. It is a part of our faith that all who is able should. ive zakat. Zakat is collecied in proportion to a person's meart5, IT) accordance with ihe teaching of Islam, ond 1$ the Diling ofmoney for a number of Specific pulposes, cluding to help othLYS, and to further the teachings of Islam. Community Aetlvltl&s The charity encourages community activities, which is beneficial ¢0 the community. Visiting or keeping in toueh with our congregation athome, ill hospitals or in solitw confmement is a great"supporL Representing attd fa¢ilitating meetings with Ih¢.local ¢oun¢ils to secure reasonable accornmodation and beneflts to r¢fvgees 8nd other members of our conmiunity has beell a Tewarding exp¢ri¢n¢¢ for ev¢ryon¢. Empowering our MernI￿rS ihrough participalion in Hastingg Cultural Involv¢ment Group h8$ enabled the mosque to wntribllte to the welfare and well-b¢ing of the div¢Tse and"widey c<)mmunAty. Thue arenumcmus beDefitsto participating in comrnunity service, both foryoll and oth¢rs. Volunteus from our community supw)rt th¢ ¢harity and ensure the smooth rnnnmg of all affairs. They donat¢ their time, Money and energy to benefit the c(smmunity as ivell as the following bo)efJtg'. Giv£s our voluntecrs a w.ay to help others Helps improve our romtnunity Provides a way to meet new friends oEten tesults inpeiyonal orowt Gives some of us a ivoy to gain Ivork eX￿riencEAnd learn rnore atK)ut certain jobs P8rts¢r8hip working Perforth#nce revieiv. The tharity iYork5 in partnership with local statutory and voluntary Organisatio￿S. The ¢onstru¢ÉiYe collaboration with Community Safety PartlleTships {CSPs), fornierly k.nown as Cr?me and Disorder Reduction Partnerships in Eng18nd, enable the chariry to suppon.. the police local authwities ffre and re8¢ue authorlties the probatiOT) 5etvices health- clinical tommissionin8.8roup5 Voluntary Organisations Monitoring'and Evaluation play.an iMporta￿t role in ensuring the effective delivery orsuccess￿l pattiLuship wod(ing. For effective mgnitoring to take place, clear perfonTJance Criteria need tp be set. Once these criteria aTe agreed. perfomiance can be evaluated againsi the shared iargets, '.Ourmosqu¢ in Hasting5 iswell recognized in the widw cornmunty as ap051tive influence Oll ooillmunicy cohesion. development and panicipation atlocal conference5 J)rgw)ized by th¢ ¢oun¢il, Ihe NHS and other divelsity-oriented community in¢lu8ion group8. W¢ have & success￿1 record of working with otber agencies such '&8 the police. EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation ("the CIO") Finane121 Revlew The charity enjoys fiDancial sfability,"is debtfre&and the regularly monttor the fm8n¢o. It operat¢s ind¢pend¢ntly and the regular financÉal reporting ig led by 1he treasurer heading the fuwcial control, The charity has examined its In￿Me and expense5 and has takeTh appropriate meawr¢s to ensure th¢ accounts hay tEturned to pwitive balanctt after a challenging period. Th¢ Gharity commend5 the s¢ns)l)le financial managemenL The ¢hority is a]50 conscious of the fact that we Should ¢ontinue to explore 5011rrxs to raise more fthan¢e to ¢ontinue to be stable duriThg this current difficult period. ReservuPollcy The trustees have reviéwed the reserveg policy of the charity. Thepolicy is to hold enough funds to meet three months, operattng of the Mosque. The.ThL5t raised donations of £108.734. Fund Ibank).balancos as ac 31 December 2024 are.£'100,715 Restricted Funds. The ch￿lty has no re5tsictrd fund atpresent. Prlnelpal Fundimg Sources The charity's main gour¢e of income is donations- Donatiim at Fridty prayers by th0￿ aiteDding the Friday prayers and additional Volunt￿ doDatÈons from the Cornm￿7ty. The ni￿eeS have sfarted to raise fijnds forthe Extension of the buildin& the.fuThd taised as at 31 Decethber 2024 is £79.868. Investment Policy #nd Obje¢tives The charity1￿Y no long-terni invesuneni$. t¢ Continues to debatE and ¢xplore a long-tenx fmancial income to sustain ¢he chatity. PlaBs for Futurn Perlod$ We intend to build a new M05que on the exiscints site. We also plan to hold a S¢Ties of events and we will be inviting Ytsiting Imams to our Mosqu¢ who cansbar¢ with us th¢ir learnints and m)derstattding of Islam and the teachiDgsof the Holy Qur'an. We continue to place gteat impottance on sharing a good Unde￿and]n$ of Jslam w￿th our non-muslim nel￿bOurS whilst gaining and understanding of their culwro and traditions. AppoinÉmentof Futlwe Trustces Fi)Ilowin8 th¢ appointme￿ new trusteos will be it)troduced.to their rol¢ and8ivcn copies'of the ffitst deed and a gutde to the policies and pro¢edur¢ adoptedby ow Ch￿lty. Several publicattons from the Charity Conllnission will algo be provided iThcluding the gui¢Jance on ¢hariTies and public benefit and on the advane¢met]t of relÉ8ion forihe publi¢ benefit. This will ¢nsure thatnew trus(ees are awa￿ of the scope of th¢irr¢sponsibilities under the Charities ACL Tnitiallyi the ncwtrust¢es will work wtth an exisiing truste¢ a5SlSting on p8rti¢ular activities and projeets run by the. tharity. After satisfaclory feedback from existitig wstees, they may then be given the tssk of leading a particular activity or wojed? reporting progress alM￿rees"' meetings. St&tement of Truytees R¢$pon5ibility The tsustees are reAponsibl¢ for preparing the'Trustees Annual Report and the fllvdncial statejnents in 8ccordance with. applicable law atLd Tesulatiims. The fiDarJcial sfatement has been prepared in accordance with the accouncingpolicies Sel out in notes to tht aceounts and complits with the charity's governingdocuments, the Charities Aci 2011 andAcCo￿tillg and Reporting by ChLritie$.. Financial Reporting Standard ' g enttv on the central register of ¢harities. In preparing these financial statements. the tru5tee5 are required to.. select suitable accounting policies and then apply them consisienily- observe ihe methods and principles in the ChaTlties FRS I O?: make judgements and accounting estimates that are reasonable and prudent; sta(e whether applicable UK Accounting Standards have been followed, Subject to any material departures disclosed and e.¥plained in the financial statement. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable compan) will continue in operation. The trustees are responsible keeping accounting records thai are sufficient to Sho1￿ and eiplain the charitable organisation's transactions and disclose M'ith reasonable accurac). at an). time the financial p051tion of the charitable organi5ation and enable ihem to ensure that the financial staieTnents complN' with the Charities Act ?01 l. The}. are also responsible for safeguarding Ihe assets of the eharitable company and hen¢¢ for iaking reasonable slep5 forthe prev¢ntion and detection of fraud and other irregularities. Registered oifice.. Mercaioria St Leonards on Sea Easi Sussex TN38 OEB Signed by order of the trustees. EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation {*he CIO") INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF EAST SUSSEX ISLAMIC ASSOCIATION FOR THE YE4R ENDED 31 DECEMBER 2024 I reportto d)e tsvst¢es on my &¥aminai?oTh of the fman¢ial staremenrs'of EAST SUSSEX ISLAMIC ASSOCIANON Cfhe chaTity') for theyear ended il D￿ember 2024. Responsibilities and basis olreport As Ihe trUs￿¢S of the East su￿¢X JS[￿L¢ Association. you ftre responsible for the preparation of th¢ accounts in ft¢￿rdan¢e with therequiremellts of the Charities ('the Act.). Havingsatisfjed myself that the a¢¢ounts ofthe charity are ot required to be audiled, and are eligible for indq)end¢nt ¢xamination, l Tepon in respect of my examination of your charity's accounts as carried i)ut under section 145 of .the Chatities Ao 2011 ('the 2011 Act..). In canyllig out my examination Ihave followed the Directions Triven by the Charity Commission under section L45(5J (b) of th¢ 2011 Act. Independent ¢xaminer's.statement I have completed my exèmination. I ¢onfimi that no malters have come to my altet]lion irrf connection with the exatnillation gi￿nE me cause to believ.e? A¢counting Tec.ords weTE nol kept in respect Df th'¢ charity a5 Tequired by the Act. or The financial statemeJ]L8 do ttot atcord with th05è re¢ords; or The financial.staternents do not Comply with the accounting requirements of the Act other than any requirement ihat the 2CCOUTrtS 8ive a 'trlle and faitr view which is not a rnatter considered as part of an independent exatnu)&tion' Dr The fJnon¢ial stakmetsts haye not been prepared tn a¢cordan¢e with the methods and principles of the. Stat¢ment of R¢cornweDded PractÈce for aceounting and repottittg by Charities appli¢able to charities preparing theÈr accoLEnts in ac£ordance with the Fina]Jcial Reporting Standard applicable tll the UK and Republic of Ireland (FRS 102). I have rio concerns and have corno Bcross no other matters in connection with th¢ exornination to which aftention should be drawn in this report in order to enable a proper understanding of the 8¢¢ounts to be reached. IndepelldentExarniner Colemen Tsah Chartered Certified Accounlonts 45A London Road St LconardJ on S East Suss¢K United Kin8dom TN37 6AY EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation {"tbe CIO") STATEMENT OF FINANCIAL ACTIVITIES FOR THE YE4R ENDEIJ 31 DECEMBER 2024 Unrestricted Restrirt¢d lunds funds Total 2024 Tr4ot¢S rewurc¢5 DoDattoThs and legacies GTants from fimds alld,other Eharitiès Other incoming r¢50urccs JO&734 108,734 62242 Total ineoming resources 10&734 108,734 62242 Resourtts tx ended. Fundraising and publicity costs. Charitabk ¢xp¢nditur¢ GTants payable. Nutsing Award Support ¢osts Management and adthitiistratiDn 54,048 5{048 47.601 Total resources èxpended io 47.601 Ne* {expendllllrE)1Sncome for the y¢Arl Net movejllent in lund5 54,686 686 14,641 Fund balances'at I lanuary 2024 57,345 Fund balxnee5 at31 December2024 112,031 12,03] 57.345 The stat¢ment of fmanrial actsvities includes all gait]s and loss¢stecogni5ed in1bo y¢ar. All in¢om¢ 8ud exp¢ndiwre derive fivm ctsmtinuing activities. EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation ("the CIO") STATEMENT OF ASSETS AND LIABILITIES AS A T31 DECEMBER 21124 2Q24 Notcs Fixed A55tts Tangtble assets 13 10.981 Current a55ets C&sh ai bank and in hand 101.050 101.050 44.4?6 Creditors.. amounts falling due ivithin i>n¢ Year Net curreni Iliabiliiiesll￿￿tS 101.050 44.426 Toial assLlS less Lurr¢nt liabilities 57.345 Income funds Re%irictLd fund. Ilnre51ricied funds 57.345 57.345 These fInancial statements were approved by the board of trnstees and auihorised for issue on on behalf of the board b)-. The aL¢ounts ivere approied b>, the Board on ...ol..- ! ? - I , Z ) . and are signed Trustee EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation (:the CIO") NOTES TO THE ACCOUNTS FOR TIIE YE4R ENDED 31 DECEMBER 2024 Ge￿er21 infotmatioD The ￿)￿lty 1$ a public benefrt entity and a Charilable. InCo￿oreted Organisation { CIO a Tegi5tered charity in Engla￿d hlld Wale5. Tho add￿5$ of the tTgisS¢red office is M¢rcatoria, St Leonards on se￿ Fast Sussex, TN38 OEB, England. stAtsment of compliance These fmancial statements have been PTeparecl in compliance. with FRS 102. The Financial Reporting Standard applicable in the UK alld the Republic of Ireland'..the Stdiement of Reeommended Practicc applicable to¢haritKes prq)arin8 their accounts in accordance with the Finaucial Reporting.Standard applicable in the UK and Republic Df Irelund (FRS 102) (Charities SORP IFRS 102)) and,the Companies A¢t.2006. countins policies Basts of pY¢p4ration The financial statements have been prepared on the historical cost basis, a5 modified by the ￿ValuatiOn of ¢ertain finan¢ial a55Ets and liabIlitle5 and investtn¢nt prop¢rties.mea8ured at fair valuethrough ipcome or expendiwre. The futallciai staiements aye prepar¢d in sterling. which is the fut)¢t7onal ¢urrency of the entity. Going eoneern There are no matsrial un¢ertatntie5 about the ¢harity'8 ability to continue. Fund aeeounting Unrtttrlc￿d funds are available for use atth¢ disrtion ofthe trustees to further any of'the Charity's puwo$es. DBsigiaied fimds aTe UTU¥Stri¢t¢d funds C￿Marked by the trustees for Parti￿lar future projector comrnitment. Restiicted funds ￿ subjected to restrictioJ]s on their expenditure declared by the dDlloror through the lenns of an appeal and fall into one of two sulKlasses.' restritted income funds or endowm¢nt fimds. Incoming resources All incoming resources are included in the statement of f￿a￿ClaI actiyities when entitlement has passed to the charity,. it is probable that ihe economic benlfits zssociated witii the transaction will flow to the charity and the amountcan be reliably measured. The follo￿]ng specific policie5 ar¢ applied to partiGular categoiies of incotile: friim don&¢ions or grants is reco8nised wh¢n thcre 75 evidellce ol entiilement to the gif¢ receipt is PTobable, gnd its amount be measur¢d reliabty. Legacy income 15 recogn.ised whenreceipt is probable, and enlitlement ig ¢Stab.li8hed. lll¢ome from donaied goods is tneasured at the fair value of.the gooiis unltss this is impEaclical io rne&sure reliably. in which rase the value is derived from ihe cost to the donor or the tstimated reS￿e value. Donated facilities and g¢rvi¢es aTer¢cognised in the aecounts when received.if the Yalue ean be reliablymcasured. No amoynts are included for the contribulion'of genernl volunteers. Intorne frorn contracts for the suppty of services is re¢ognised with the delivery or the contracted seryice. This is elasgified as unrestricted funds uTJless there 15 a contrdctual requirementfor ittobe spent on aparticular purpose and reDJmed if unspe]J¢ ITh which case it may b¢ iegarded as restricted. 12- EAST SUSSEX ISLAMICASSOCIATION (The Charitable Incorporated Organisation {"the CIO") Resourees expellded Expenditure is reCo￿lsed on an accruals basis ￿ a liability is incu￿ed. Expenditutt includes any VAT whieh cannotbe ￿llY recoveEEd, and is class?fied under headings.of the sÉ2t¢tnent offinancial activities lo which It￿]&￿.. expenditlre on raisin8 fimds includes the costs. of all fi￿draISing activitiets, evenrs, nonkncharimble ti?ding tivilies, and the sale of donated g{￿ds. Ex￿ndi￿re on chaTitsble aelivtties inclu(k5 all costs incurred by a charity in undertakins artivirie& ihat nher its ¢hthtabl¢ aims for the benefit of its beutficiaTies. including thosE SUPPDrt costs and costs relating to the govemallce of the cbarity apportioned to charitabl¢ a¢tivitits. Other expenditllre inch￿tS all expenditurethat i5 neithure]at¢d to'rai5ing funds forth¢ chatity norpart of its expenditure on Charitable.￿tivItie$. AII cosig aye allocated to expenditure categories Tet]ecting the. use of the resource. Direct tosts 81tribytsble to SiDgle a¢rÈvity are allorated dir¢ctty to that activity. Shared costs are apportioned behveen The aciivitieÈ they contribute tt) on a reasonable. justifvbl¢.and consistent basis. T#ngible assets Tangible assets are initially re¢oTded at cost. and subsequent]y Strdted at cost less ￿ya¢¢u￿UIhtCd depTeciation and impa1[￿ell¢ losg¢s. Any tollgible assets Carried at rRvalued amounts ar¢ recorded at the faiy value at the date of rcvaluation less any subsequent aecumulated depreciation attd $ubsequeni accumulated Impairnient losses. An increase ID the ca￿lIng amount of an asset as a result of a.revaluation, is re¢oJised in other re¢oEnised gains and losse4 unless it reverse5 a.charge for impaitment thathaspreviously been recognised as expenditure wiihin ¢h¢ statement of finBn¢ial a¢tivitie5. A dcorease in the carrying a￿0￿￿¢ of an asset as a r¢su]t of Tevaluation. is cognised in other r£co8nÉsed gains atld losses. except to iwhich it offsets any previous revaluation gal￿ in which c￿ the loss is Shown wAhin other r¢cognised sains aThd losses Dn th¢ statement of finan¢ia] activities. Depreciatlon Depreciatton is ¢al¢ulated so as to write.off the costor valuation Df an as5e¢ less its residual value, over the useful economic lif¢ of that ayset as follows.. Fixture5 a￿dfittIng5 150h reducing balance Imp*5rmonl of fixed assets A review for indirators of impairment is carried out at each rep.orting date, with the recoverable amoLml bein estimaled where 5uth indicators eYisL Where Ihe carryin¢J value ex¢eeds the recoyerable amount, the as5d is impaired accordingly. Prior impairments are aIso revieived foT FK)Bsible rev¢T5al at each reporting date. Vor the purposes oE[m￿lTi￿¢Trt iesting, Trvh￿ Ét 15 notpossibl¢ to C31irnat¢ th¢ reCoY￿able amount of an indivldual a5seL all e5titnate is made of the re¢overyable amount of the cash-gen¢rating unit to wllich the a55¢t belong5. The iash-8enernting unit 15 the smallest ide]Jtifiable group of as8¢ts that includes ih¢.as5et.and generates cash inflows that lar8ely independentof the.cash inflows from other assets or groups ofassets. For impaimjent testing of goodwill, the goodivill acquired in a bu$ine5s combination is, from the acquisition d4t¢. allocat¢d io ea¢h of ihe cash-geneTating Lmits that aTe expected to benefil'from the synergies of the ¢ombinatio iTr¢spective of whether other &8SBts or liabTlitie¥ of ihe.charity areassisned to those unils. GovernTDent grants Govenjmellt grants are recogtsi8ed at ihe fair value of the a8set tycetved or receivable. Grofjts arE not recO￿lSed until there is rèasonable assurance th￿ the charity will compty with the conditions attachirtg to them aod the grdnts will bt receiva. Where the grant do￿ not impoje specified fiLture perfomance-relat¢d Conditions on the r¢cipien¢ it is recosnis¢d in income when the grant proceeds ale received or receivable. Wh£re tht 8rBnt does impose specified futur£ perfomiance-related Condilions on the tE¢Tpi¢nt, it is recognised in income only wh¢n the perforniance-Eelaled condttions have been met. Where ants received ar¢ PXIOT lo Satisfyi￿<￿ rhe revet]ue recognition criteria, they are 13 EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation {"the CIO") recognised as a liability. Limited by gllaraDtee None of the TTUStees has any beneficial interest in the company. All the Trustees are members of the compally and guar&ftt¢¢ to'¢ontrj￿Ute £.10 in the event of a iyinding up. Casjl tlow slatement The trnste¢s hHve taken &dv&titsge of the.exemption in Financial'Reporting Standard No l from th¢ requirement to produce e ¢ash flow ￿atement oll the younds that it is a s]nall charity. 14 EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation ("tbe CIO") NOTES TO THE ACCOULYrs FOR THE YEAR E]VDED 31 DECEMBER 2024 6 DoBatiOEiS and tegacies 2023 Di)nation5 and ojfts 108,734 62.242 7 Income in yaBts from fund5 and olber eharltles 2023 'Grants from Govemm¢ni artdLo¢a] Council 8 Other 1￿coMiNg resources 2024 Other ineome 9 Gryénts payable 2024 2023 Grant% to individua13 15 EAST SUSSEX ISLAMIC ASSOCIATION (The CharitabIe Incorporated Organisation {$6the CIO") NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 21124 IO Totsl reSOu￿t5 eXp2￿ded Staff DeprKiAtioA Costs Other Costs Total 2024 Total Costs of generatiDg fimds.. Fundrdisillg and publicity Charitable expenditure: Giants payable Support costs Management and administration 21,085 32,963 S4,048 21.085 54,048 47,601 21,085 32,963 5È1048 11 Trustees None of the Tru5ttts teceived any remuneraÉii)n duringiljc year. They were rei]nbur5ed someexpense5. "Il Employees Number ofeThployets The average monthly numberof employee5 duringtheyearwas.. ?023 Number 2024 Number Admititstration Fundratsin Employ.mellt eosts 2024 Wages and salaries 21,085 Th¢re w¢r¢ no empli)y¢e5 wh05¢ annual emoluments were £60,000 OE. more. EAST SUSSEX ISLAMIC ASSOCIATION (The Charitable Incorporated Organisation ("the CIO") NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 13 Taogible fjxed as8¢ts Freeh'old Fittings & Equipment Property Cost At l January 2024 26,088 Addition& Disposa]s At31 tkcember 2024 26.088 Deprecixtio At l January 2024 13,169 On di5P05als Charge for the yegr At 31 December 2024 15,107 Net book vallle At 31 December2023 At31 Deeember2024 10,981 17 EAST SUSSEX ISLAMIC ASSOCIATION (rhe Charitable Incorporated Organisation {"the CIO") NOTES TO THE ACCOUNTS FOR THE YE4RENDED 31 DECEMtsER 2024. 14 Anatysis of net asset5 between Fulld* Total Fund balances at 31 Dece]nbez 2023 are rèpresented by: Tangible fixed &8%ts Investm¢nts Cutrent assets Creditors.. atnounts falling dut within one year 10.981 10981 101,050 101.050 101,050 10,981 111031 18