2020-11-30-accounts

Registered Charity number 1170000

ICMG MARGATE

Report and Accounts

30 November 2020

ICMG MARGATE Report and accounts Contents

	Page
Company information	1
Trustees' report	1
Accountants' report	2
Receipt & Payment Account	3
Balance sheet	4
Notes to the accounts	5

ICMG MARGATE Company Information

Directors

Accountants

Certax Accounting 6-7 Cecil Square Margate Kent CT9 1BD

Registered number 1170000

1

ICMG MARGATE Registered number: 1170000 Trusteess' Report

The charity present their report and accounts for the year ended 30 November 2020.

Principal activities

The charity's principal activities during the year continued to be cultural activities, education and training, relief of poverty and religious activities.

This report was approved by the comittee on 25 March 2020 and signed on its behalf.

U Yilmaz

Signed on behalf of all the trustees

2

ICMG MARGATE Accountants' Report

Accountants' report to the directors of ICMG MARGATE

You consider that the charity is exempt from an audit for the year ended 30 November 2020. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of accounts. Members have not required the charity to obtain an audit in accordance with section 476 of the Act. Under charity law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period.

In accordance with your instructions, we have prepared the accounts which comprise the Receipts & Payment Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Certax Accounting Accountants

6-7 Cecil Square Margate Kent CT9 1BD

25 March 2020

3

ICMG MARGATE Receipt & Payment Account for the year ended 30 November 2020

Notes 2020 £ Receipts 34,192 Administrative expenses (26,002) Excess of Receipts over payments from operations 2 8,190 8,190 8,190 Excess of Receipts over payments/(excess of payments over receipts) before taxation Excess of Receipts over payments/(excess of payments over receipts) for the financial year	2019 £ 33,762 (34,210) (448) (448) (448)

4

ICMG MARGATE Balance Sheet as at 30 November 2020

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Excess of Receipts over payments 6 Net Reserves	2020 £ 7,709 172 17,071 17,243 (540) 16,703 24,412 24,412 24,412	2019 £ 8,261 81 8,330 8,411 (450) 7,961 16,222 16,222 16,222

U Yilmaz

Approved by the trustee on behalf of all the trustees 25 March 2020

5

ICMG MARGATE Notes to the Accounts for the year ended 30 November 2020

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line Motor vehicles 25% straight line

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Excess of Receipts over payments from operations 2020 2019 £

6

ICMG MARGATE Notes to the Accounts for the year ended 30 November 2020

This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Cost At 1 December 2019 At 30 November 2020 Depreciation Charge for the year At 30 November 2020 Net book value At 30 November 2020 At 30 November 2019 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors 6 Receipt & Payment Account At 1 December 2019 Excess of Receipts over payments At 30 November 2020	Land and buildings £ 5,500 5,500 - - 5,500 5,500	552 Fixture & Fittings £ 2,761 2,761 552 552 2,209 2,761 2020 £ 172 2020 £ 540 2020 £ 16,222 8,190 24,412	563 Total £ 8,261 8,261 552 552 7,709 8,261 2019 £ 81 2019 £ 450

7

ICMG MARGATE Profit and Loss Account for the year ended 30 November 2020

for the information of the directors only

Receipts Administrative expenses Operating profit/(loss) Excess of Receipts over payments before taxation	2020 £ 34,192 (26,002) 8,190 8,190	2019 £ 33,762 (34,210) (448) (448)

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ICMG MARGATE

Schedule to the Profit and Loss Account for the year ended 30 November 2020

for the information of the directors only

Receipts Donations Other income Administrative expenses Employee costs: Motor expenses Entertaining Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Charity & Donations Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional	2020 £ 24,192 10,000 34,192 50 - 50 20,620 288 1,492 14 22,414 343 273 182 - 239 - 12 642 552 240 346 2,829 450 - 259 709 26,002	2019 £ 33,762 - 33,762 - 350 350 21,136 2,684 1,158 558 25,536 275 178 - 126 63 101 - 7,111 - - - 7,854 450 20 - 470 34,210

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