Registered Charily number 1170000 ICMG MARGATE Report and Accounts 30 November 2023 ICMG MARGATE Report and accounts Contents Page Company Infomialion Trustees, report Accountants, report Receipt & Payment Account Balance sheet Notes to the accounts ICMG MARGATE Company Information Directo Nuh Koksal Accountants Certax Accounting 6-7 Cecil Square Margate Kent CT9 1BD Registered number 1170000 ICMG MARGATE Registered number: Trusteess, Report 1170000 The charity present their report and accounts for the year ended 30 November 2023. Prlnclpal activltles The charity's pnn¢ipal activities during the year continued lo be cultural activities, education and training. relief of poverty and religious aclNities. Nuh Koksal This report was approved by the comittee on 18 Novemb8r 2024 and sgned on ils 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 exempl from an audit for the year ended 30 November 2023. You have acknowledged, on the balance sheel. your responsibilities for comptying with the requirements of the Charitses Act 2011 with respect 10 8ccounling records and the preparation of accounts. Members have not required the Gharity to obtain an audit in accordance with section 476 of the Act. Under charrty law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the profit or loss of the charity for that period. In accordance with your instrucb'ons, 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 r￿t expres5 any opinion on these accounts. Cerlax Accounting Accountants 6-7 Cecil Square Margale Kent CT9 1BD 18 November 2024 ICMG MARGATE Receipt & Payment Account for the y8ar ended 30 November 2023 Note8 2023 2022 Recelpts 31,039 37,360 Cost of sales {611 Gross profft 31.039 37.299 Administrative expenses 143,332} {39,0921 Excess of Receipts over payments from operalion8 112,2931 {1,793} Excess of payments over receipts before taxation 12,2931 1,793 Excess of payments over receipts for the Ilnanclal year 112,2931 1,793 ICMG MARGATE Balance Sheet as at 30 November 2023 Notes 2023 2022 Fix•d a$￿ts Tangible assets 6,053 6.605 Current assets Debtor5 Cash at bank and in hand 1,753 9,694 11.447 1.754 21,434 23.188 Credltors: amounts falllng due within one year 1450 14501 Not currnnt assots 10,997 22.738 Net assets 17,050 29.343 Capital and reserves Excess of Receipts over payments 17,050 29,343 Net Reserves 17,050 29.343 N Koksal Approved by the trustee on behalf of all the trustees 18 November 2024 ICMG MARGATE Notes to the Accounts for the year ended 30 November 2023 1 Atcounting poli¢ies 88sls of preparation The accounts have been prepared under the histori￿1 cost convention and in accordance with the Financial Reporting Stsndard for Smaller Entit+es (effective April 20081. Tumover 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 customer5. Depreciation Depreciation has been provKled at the following rates in order to write off the assets over their estimated usefvl lThies. Plant and machinery Motor vehicles 20VD Straight line 250/D straight line Stocks Stock is valued at the l¢)wer of cost and nel realisable value. Deferrod taxatiTon Full provision is made for deferred taxation resultsng from tirniThJ differences be￿een the reC(￿nItion of gains and losses in the accounts end their recognition for lax purposes. Deferred taxation is calculated on an un-discounted basis at the tsx rates which are expected to apply in the periods when the timing differences will reverse. Forelgn currencies Transactions In foreign currencies are recorded at the rale ruling al the date of the Iransaclion. Monetsry assets and liabilib'es denominated in foreign currenc¢es are translated at the rate of exchange ruling at the balance sheet dale. All differences are taken to the profit and loss account. Loaslng and hire purchase eommltments 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 lo the company. are capitalised in the balance Sheet and depreciated over their usefu5 lives. The corresponding lease or hire purchase obligation is Irealed in the balance sheet as a liability. The interest element of the rental obligations is charged lo the profit and loss account over the period of the lease ané represents a constant proportion of the balance of capitsl repayments outstanding. Rentals paid under operating leases are charged lo income on a slraighl line basis over the lease term. Pensions The company operates a defined contribution pension scheme. Contributions are charged lo the profil 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 2023 2 Excess of Reeelpts over payments from oporations 2023 2022 This is staled after charging.. Depreciation of owned fixed assets 552 552 3 Tangiblo fixed assets Land and buildlngs Fixture & Flttings Total Cost Al 1 December 2022 At 30 November 2023 5,500 5.500 2,761 2,761 8.261 8.261 Depreclatlon At 1 December 2022 Charge for the year At 30 November 2023 1,656 552 2,208 1,656 552 2.208 Net book value At 30 November 2023 5,500 553 6.053 At 30 November 2022 S,500 1,105 6,605 4 Debtor8 2023 2022 Other debtors 1,753 1,754 S Croditors: amounts falling due wlthln one year 2023 2022 Trade creditors 450 450 6 Receipt & Payment Aeeount 2023 Al 1 December 2022 Excess of Receipts over payments 29,343 112.2931 At 30 November 2023 17,050 ICMG MARGATE Profit and Loss Account for the year ended 30 Novembor 2023 for the infompation of th6 direGtors only 2023 2022 Receipts 31,039 37,360 Cost of sales 1611 Gross profit 31,039 37,299 Adminislralive exFenses {43,3321 139,0921 Operatlng 1088 {12.2931 {1,793) Excess ol Recelpts over payments bel￿e laxallon 112,2931 11,7931 ICMG MARGATE Schedule to the Profit and Loss Account for the year ended 30 November 2023 for the information of the directors only 2023 2022 Roceipts Donations Other income 31,039 34.693 2,667 37,360 31,039 Cost of sales Purchases 61 Administrative expenses Employee costs". Travel and sub8lSten Motor expenses 13 18 Premises costs.. Rent Rates Light and heal Cleaning 27.180 2,341 2.704 523 32.748 28,136 3,838 1,947 33.921 General adminislralive expenses- Telephone and fax Stationery and printin9 Subscriptions Bank charges Equipment expensed SOf￿are Repairs and maintenance Depreciation Charity & Donations Sundry expenses 421 28 180 433 575 151 786 396 1.500 19 552 8.613 152 9,966 880 4.721 Legal and professional costs.. AccountanGy fees Advertising and PR 450 150 600 450 450 43,332 39,092