2024-11-30-accounts - Icmg Margate

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Registered Charity number 1170000

ICMG MARGATE

Report and Accounts

30 November 2024

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 2024.

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 8 October 2025 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 2024. 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

8 October 2025

ICMG MARGATE

Receipt & Payment Account for the year ended 30 November 2024

Notes 2024 £ Receipts 30,840 Administrative expenses (35,313) Excess of Receipts over payments from operations 2 (4,473) (4,473) (4,473) Excess of payments over receipts before taxation Excess of payments over receipts for the financial year	2023 £ 31,039 (43,332) (12,293) (12,293) (12,293)

ICMG MARGATE Balance Sheet as at 30 November 2024

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	2024 £ 5,501 1,958 5,568 7,526 (450) 7,076 12,577 12,577 12,577	2023 £ 6,053 1,753 9,694 11,447 (450) 10,997 17,050 17,050 17,050

N Koksal

Approved by the trustee on behalf of all the trustees 8 October 2025

ICMG MARGATE Notes to the Accounts for the year ended 30 November 2024

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 2024

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 2023 5,500 At 30 November 2024 5,500 Depreciation At 1 December 2023 - Charge for the year - At 30 November 2024 - Net book value At 30 November 2024 5,500 At 30 November 2023 5,500 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors 6 Receipt & Payment Account At 1 December 2023 Excess of Receipts over payments At 30 November 2024	2024 £ 552 Fixture & Fittings £ 2,761 2,761 2,208 552 2,760 1 553 2024 £ 1,958 2024 £ 450 2024 £ 17,050 (4,473) 12,577	2023 £ 552 Total £ 8,261 8,261 2,208 552 2,760 5,501 6,053 2023 £ 1,753 2023 £ 450

ICMG MARGATE

Profit and Loss Account for the year ended 30 November 2024

for the information of the directors only

Receipts Administrative expenses Operating loss Excess of Receipts over payments before taxation	2024 £ 30,840 (35,313) (4,473) (4,473)	2023 £ 31,039 (43,332) (12,293) (12,293)

ICMG MARGATE

Schedule to the Profit and Loss Account for the year ended 30 November 2024

for the information of the directors only

Receipts Donations Administrative expenses Employee costs: Travel and subsistence Motor expenses Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Subscriptions Bank charges Software Depreciation Charity & Donations Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR	2024 £ 30,840 333 - 333 27,780 2,136 1,613 674 32,203 491 277 - 187 19 552 801 - 2,327 450 - 450 35,313	2023 £ 31,039 13 5 18 27,180 2,341 2,704 523 32,748 421 28 180 1 19 552 8,613 152 9,966 450 150 600 43,332