2022-11-30-accounts - Icmg Margate

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Registered Charity number 1170000

ICMG MARGATE

Report and Accounts

30 November 2022

ICMG MARGATE Report and accounts Contents

	Page
Company information	1
Trustees' report	2
Accountants' report	3
Receipt & Payment Account	4
Balance sheet	5
Notes to the accounts	6

ICMG MARGATE Company Information

Directors

Nuh Koksal

Accountants

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

Registered number 1170000

ICMG MARGATE Registered number: 1170000 Trusteess' Report

The charity present their report and accounts for the year ended 30 November 2022.

Principal activities

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

Nuh Koksal

This report was approved by the comittee on 2 October 2023 and signed on its behalf.

N Koksal

Signed on behalf of all the trustees

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 2022. 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

2 October 2023

ICMG MARGATE

Receipt & Payment Account for the year ended 30 November 2022

Notes 2022 £ Receipts 37,360 Cost of sales (61) Gross profit 37,299 Administrative expenses (39,092) Excess of Receipts over payments from operations 2 (1,793) (1,793) (1,793) (Excess of payments over receipts)/excess of receipts over payments before taxation (Excess of payments over receipts)/excess of receipts over payments for the financial year	2021 £ 61,087 - 61,087 (54,363) 6,724 6,724 6,724

ICMG MARGATE Balance Sheet as at 30 November 2022

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	2022 £ 6,605 1,754 21,434 23,188 (450) 22,738 29,343 29,343 29,343	2021 £ 7,157 1,252 23,227 24,479 (500) 23,979 31,136 31,136 31,136

N Koksal

Approved by the trustee on behalf of all the trustees 2 October 2023

ICMG MARGATE Notes to the Accounts for the year ended 30 November 2022

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.

ICMG MARGATE

Notes to the Accounts for the year ended 30 November 2022

2 Excess of Receipts over payments from operations This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Land and buildings £ Cost At 1 December 2021 5,500 At 30 November 2022 5,500 Depreciation At 1 December 2021 - Charge for the year - At 30 November 2022 - Net book value At 30 November 2022 5,500 At 30 November 2021 5,500 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors 6 Receipt & Payment Account At 1 December 2021 Excess of Receipts over payments At 30 November 2022	2022 £ 552 Fixture & Fittings £ 2,761 2,761 1,104 552 1,656 1,105 1,657 2022 £ 1,754 2022 £ 450 2022 £ 31,136 (1,793) 29,343	2021 £ 552 Total £ 8,261 8,261 1,104 552 1,656 6,605 7,157 2021 £ 1,252 2021 £ 500

ICMG MARGATE

Profit and Loss Account for the year ended 30 November 2022

for the information of the directors only

Receipts Cost of sales Gross profit Administrative expenses Operating (loss)/profit Excess of Receipts over payments before taxation	2022 £ 37,360 (61) 37,299 (39,092) (1,793) (1,793)	2021 £ 61,087 - 61,087 (54,363) 6,724 6,724

ICMG MARGATE

Schedule to the Profit and Loss Account for the year ended 30 November 2022

for the information of the directors only

Receipts Donations Other income Cost of sales Purchases 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 Software Repairs and maintenance Depreciation Charity & Donations Legal and professional costs: Accountancy fees Other legal and professional	2022 £ 34,693 2,667 37,360 61 - - - 28,136 3,838 1,947 - 33,921 433 575 151 - 786 396 1,500 - 880 4,721 450 - 450 39,092	2021 £ 50,293 10,794 61,087 - 100 150 250 21,120 3,178 2,687 200 27,185 345 320 - 150 350 55 16,926 552 - 18,698 450 7,780 8,230 54,363