OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

REGISTERED CHARITY NUMBER: 1175047

CITY CENTRE DAWAH

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

CITY CENTRE DAWAH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Page
Trustee's Report 3
Independent Examiner's Report 8
Statement Of Financial Activities 9
Balance Sheet 10
Notes To The Financial Statements 11
Income & Expenditure Statement 14

CITY CENTRE DAWAH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2023

The Trustees present their report and unaudited financial statements of the charity for the period ended 31 August 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

CHARITY NUMBER: 1175047 REGISTERED ADDRESS 7A Langley Road Birmingham West Midlands B10 0TN TRUSTEES Mr Abdur-Rahman Morris Mr Aqil Garricks-Ferguson Mr Wasim Barie Khan Mr Dave Antony Stewart ACCOUNTANTS Mayfield 5 Highgate Business Centre Highgate Road Birmingham B12 8EA BANKERS Santander

Page 3 of 14

CITY CENTRE DAWAH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

The Trustees present their annual report and financial statements for the period ended 31 August 2023 and confirm that they comply with the Charities Act 2011, as amended by the Charities Act 2006, the CIO and the Charities SORP applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Ireland (FRS 102).

Governing Document

City Centre Dawah was constituted as a CIO and registered with The Charity Commission on 9 October 2017 under the charity number 1175047. It is governed by a Constitution dated 09 October 2017, amended 18 January 2019.

Organisational Structure

The trustees are appointed by a resolution of the trustees passed at a meeting as outlined in the Constitution. The trustees are responsible for the following: -

Objectives and Activities

City Centre Dawah aims to promote the authentic understanding of Islam and create awareness about the true tenets, practices and worship of Islam, devoid of extremist ideologies. The charity seeks to provide Muslims and non-Muslims alike with the opportunity to learn about correct Islamic beliefs, practices and worship. In line with the Charity Commission's guidance on public benefit, the objectives and activities are reviewed annually to ensure they align with the charity's aims.

Strategies

City Centre Dawah places a strong emphasis on community welfare and education. The charity operates 17 anti-extremism stalls in various locations worldwide, where both Muslims and non-Muslims can engage in friendly discussions and gain knowledge. All activities are supported by public donations.

Recruitment and Appointment of Trustees

The current trustees oversee the recruitment process for new trustees. They seek recommendations and opinions from respected members of the public. Prospective trustees are invited to attend trustees' meetings as observers to gain an understanding of the charity's aims and activities. If approved by all trustees, they are proposed as new trustees at subsequent meetings, ensuring consideration of suitability, competence, specialist knowledge, and skills.

Induction and Training of New Trustees

City Centre Dawah values trustees who have an interest in the charity's work and can contribute to its development. A policy for the induction and training of trustees is in place. New trustees receive an induction pack containing relevant information about the charity, including the governing document, financial accounts, organisational structure, policies, and procedures. Charity Commission guidance is also provided to support trustees in their roles.

Achievements and Performance

In the fiscal year concluding on August 31, 2023, City Centre Dawah has been at the forefront of advancing understanding and peace through its remarkable global efforts. The charity has achieved significant milestones by setting up 17 anti-extremism booths across four nations. These booths serve as valuable hubs for engaging dialogues and the spread of educational materials. The objective of these engagements is to challenge and rectify widespread misunderstandings about Islam and Muslim communities. The organisation has made strides in promoting intercultural dialogue by distributing a wealth of literature that not only elucidates Islamic principles but also actively challenges and refutes extremist narratives. Their work has garnered positive recognition from a diverse audience, impacting thousands of individuals who express gratitude for the resources and conversations facilitated by this initiative.

Page 4 of 14

Qur’an Distribution Project

City Centre Dawah has embarked on a commendable endeavour, having acquired 20,000 copies of the Noble Qur'an for distribution. This effort is part of their ongoing initiative to disseminate knowledge and foster understanding of Islam. These copies are made available at no cost via the charity's website and through anti-extremism information booths set up across the globe. The initiative has reached a multitude of individuals eager to learn about Islamic teachings and has been a beneficial resource for those exploring the faith. As an ongoing project, it continues to support charity's mission of education, and the prevention of extremism.

Water For Africa and Asia

The charity took the opportunity to establish over 150 wells in several African and Asian countries, ensuring access to clean water for thousands of people. These ongoing projects have received significant public support, enabling individuals to contribute to a trusted organisation.

Support for Orphans and Widows

In the dense communities of Bangladesh, our volunteers have been pivotal in distributing essential food supplies to widows and orphans, ensuring the sustenance of some of the most vulnerable segments of society. These efforts are highlighted by the orderly distribution of food parcels, which reflect both the organised approach of our teams and the gratitude of the recipients.

Food Distribution in Yemen

Our operations extended to Yemen, where amidst the challenging landscape and the declining light of dusk, our team facilitated the distribution of vital sustenance. These efforts have brought together communities, illustrating solidarity and communal harmony in the face of hardship.

Earthquake Crisis Response

Responding to catastrophic earthquakes in Turkey and Morocco, City Centre Dawah acted swiftly to provide relief and resources. Our presence in the affected areas brought solace to the communities, ensuring the delivery of emergency aid amidst the chaos and destruction wrought by these natural disasters.

Water Scarcity Initiatives

Acknowledging the critical need for clean water, the charity embarked on constructing wells in several African nations , including Zimbabwe, Tanzania, Gambia, Somaliland, Uganda, and Bangladesh. These initiatives not only alleviate immediate water scarcity but also contribute to long-term community resilience.

Page 5 of 14

Feed the Poor Program

The 30-Day Feed the Poor Program was successfully launched to offer consistent meals to those in dire need, with the aim of ensuring no individual goes to bed hungry. This program is a testament to the charity's resolve to combat hunger and poverty.

Distribution Efforts

Our distribution of aid in Albania to widows and orphans operated with exceptional efficiency, serving as the organisational backbone of our aid operations. These centres allowed for the systematic packaging and distribution of aid, ensuring that support reached a wide array of individuals and families efficiently and respectfully.

The journey of aid captured in these images, from the meticulous planning to the execution in the field, demonstrates our organisation's dedication to humanitarian causes. The continuous road travelled by our volunteers, laden with supplies, symbolises not just the journeys already made, but the commitment to those that lie ahead. City Centre Dawah remains dedicated to providing hope, relief, and the means to rebuild in the wake of adversity.

Outreach Programs and Impact

City Centre Dawah’s outreach programs have made significant strides in connecting with diverse communities, reaching thousands globally. The charity's efforts have led to a greater understanding and communication between Muslims and non-Muslims, providing clear and factual insights into Islamic teachings. Education and dialogue have been central to these initiatives, helping to correct misconceptions and foster a respectful exchange of ideas.

Financial Review

Incoming resources for the period ending 31 August 2023 were £609,591 (2022: £395,590) The charity maintains a reserve balance of £129,338 (2022: £89,799). Our incoming resources increased for the year as did our expenditure due to the increased number of projects that were undertaken as outlined above. The charity has been successful in maintaining a steady cash balance of £4,500, ensuring a stable financial footing for its operations.

Principal Funding Sources

Public contributions form the backbone of City Centre Dawah's financial resources. The generosity of individuals, who believe in and support our mission, has been instrumental in enabling us to carry out our various initiatives. These donations, both big and small, have collectively made a significant impact, allowing us to reach out to communities in need and make a tangible difference in their lives.

While we rely on these donations to fund our projects, we are also mindful of the importance of financial efficiency. City Centre Dawah has made a conscious effort to keep operational expenses to a minimum. We achieve this by making strategic decisions when it comes to procurement, ensuring we get the best value for our money. This includes purchasing necessary equipment and resources at competitive prices without compromising on quality or functionality.

By maintaining low running costs, we ensure that a larger portion of every donation goes directly towards our charitable activities rather than administrative overheads. This approach not only makes us a more efficient organisation but also a more effective one. It allows us to maximise the impact of each donation, ensuring that we can reach more people and make a greater difference with the resources we have.

In essence our financial strategy is one of balance, we balance the need for funds to carry out our work with the need for financial efficiency and stewardship. This approach ensures that we can continue to carry out our mission effectively while maintaining the trust and support of our donors.

Reserves Policy

City Centre Dawah follows a reserves policy that maintains unrestricted funds at a level equivalent to between two- and six-months’ combined expenditure and overheads. This ensures the charity can continue its activities in the event of a significant drop in funding while exploring additional fundraising options.

As of 31 August 2023, our charity holds unrestricted reserves of £129,338. These reserves represent our commitment to financial stability and our ability to sustain our operations over the long term.

The Trustees will continually monitor reserves to align with the charity's activities and potential future risks.

Page 6 of 14

Conclusion

In conclusion, City Centre Dawah has had a highly productive and impactful year, successfully advancing its mission of promoting the authentic understanding of Islam and countering extremist ideologies. Through our various outreach programs and initiatives, we have positively influenced the lives of thousands of individuals worldwide.

One of our significant achievements during the year was the Qur'an Distribution Project. By providing free copies of the Noble Qur'an through our website and anti-extremism stalls, we have empowered individuals to explore and learn about Islam directly from its primary source. This initiative has facilitated a deeper understanding of Islamic beliefs, practices and values, promoting tolerance, harmony and mutual respect among different communities.

Our efforts in addressing the critical issue of water scarcity have also been commendable. Through the Water for Africa and Asia project, we have established over 150 wells in various countries, ensuring clean and safe water access for numerous communities. This has not only improved health and hygiene but also enhanced the overall well-being and socio-economic conditions of the beneficiaries.

In addition to these core projects, we have actively engaged in sponsoring orphans, feeding widows and orphans, distributing food in impoverished regions, and undertaking several other charitable endeavours. These initiatives have made a tangible difference in the lives of those in need, providing them with vital support and resources to overcome hardships and improve their circumstances.

These accomplishments would not have been possible without the generous support and contributions of individuals who share our vision. We extend our heartfelt gratitude to all our donors and supporters who have stood by us in our mission. Their unwavering commitment and generosity have enabled us to carry out our activities effectively and create a positive impact on a global scale.

In the future, City Centre Dawah remains steadfast in its dedication to promoting understanding, fostering dialogue and countering extremism. We will continue to develop and implement innovative initiatives that empower individuals to engage in constructive discussions and learn about Islam from accurate and reliable sources. By dispelling misconceptions, fostering tolerance, and promoting a true understanding of Islam, we aim to build bridges of understanding and harmony within diverse communities. As we move forward, we are committed to sound governance transparent financial management, and accountability. We will continue to work closely with our Trustees, and supporters to ensure that our activities align with our mission and effectively address the evolving needs of the communities we serve.

City Centre Dawah remains dedicated to making a positive difference in the world by promoting Islam, countering extremism, and undertaking impactful charitable endeavours. We are confident that with continued support, we will be able to expand our reach, touch more lives, and contribute to a more peaceful society for all.

Statement of Trustees Responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the situation of the charity and of the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

(a) select appropriate accounting policies and then apply them consistently. (b) observe the methods and principles in the Charities SORP.

(c) make judgements and estimates that are reasonable and prudent,

(d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and (e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

As far as the Trustees are aware: - there is no relevant information of which the charitable company's independent examiners are unaware; and

The Trustees are responsible for the maintenance and integrity of the financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

Approval on 16th May 2024 by the trustees and signed on its behalf by:

Mr Abdul-Rahman Morris

Page 7 of 14

CITY CENTRE DAWAH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

I report on the accounts of the Charity for the year ended 31 August 2023, which are set out on pages 9 to 14.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

2 ) to follow the procedures laid down in the general directions given by the Chairty Commission under section 145(5)(b) of the Charities Act 2011, and 3 ) to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

a) the accounting records were not kept in accordance with section 130 of the Charities Act 2011; or b) the accounts did not accord with the accounting records; or c) the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

…………………………………………………………………… Waqas Naseem FCCA Mayfield 5 Highgate Business Centre Highgate Road Birmingham B12 8EA

16 May 2024

Page 8 of 14

CITY CENTRE DAWAH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
Restricted Unrestricted TOTAL TOTAL
Incoming Resources Notes Funds Funds Funds 2023 Funds 2022
£ £ £ £
Incoming Resources from
generating funds:
Donations, legacies and similar 2 - 609,591 609,591 395,590
TOTAL INCOMING RESOURCES - 609,591 609,591 395,590
Resources Expended
Costs of Generating funds 3 - 71,811 71,811 64,390
Charitable Activities 4 - 496,081 496,081 507,797
Governance Costs 5 - 2,160 2,160 2,160
TOTAL RESOURCES EXPENDED - 570,052 570,052 574,347
OTHER RECOGNISED GAINS/(LOSSES):
NET MOVEMENT IN FUNDS NIL 39,539 39,539 (178,757)
RECONCILIATION OF FUNDS
TOTAL FUNDS Brought forward NIL 89,799 89,799 268,556
TOTAL FUNDS Carried forward NIL 129,338 129,338 89,799
----- End of picture text -----

Page 9 of 14

CITY CENTRE DAWAH CITY CENTRE DAWAH
BALANCE SHEET
AS AT 31 AUGUST 2023 AS AT 31 AUGUST 2023
FIXED ASSETS Notes £
2023
£ £ £
2022
IT Equipment
Fixtures & Fittings
Motor Vehicles
6 6,694
238
33,526
4,622
318
24,214
CURRENT ASSETS 40,458 29,154
Debtors
Cash & Bank Account Balances
7 10,597
80,189
8,997
52,810
LESS CREDITORS:
Amounts
90,786 61,807
Falling Due Within One Year 8 (1,906) (1,162)
NET CURRENT (LIABILITIES) ASSETS 88,880 60,645
LESS CREDITORS:
Amounts Falling
Due after more than One Year
129,338
-
89,799
-
TOTAL ASSETS LESS TOTAL LIABILITIES 129,338 89,799
THE FUNDS OF THE CHARITY:
Unrestricted Funds
General/ Designated Purpose Funds B/Fwd
General Purpose Funds For The Period
Designated Purpose Funds For The Period
10 89,799
39,539
-
268,556
(178,757)
-
Restricted Funds 129,338 89,799
Specific Funds B/fwd
Specific Funds For the Period
NIL
NIL
NIL
NIL
NIL NIL
TOTAL CHARITY FUNDS 129,338 89,799

The notes at pages 11 to 13 form part of these accounts.

The financial statements were approved by the Board of Trustees on 16 May 2024 and were signed on its behalf by:

Mr Abdul-Rahman Morris Trustee

Page 10 of 14

CITY CENTRE DAWAH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. Accounting Policies

(a) Basis of Preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

(b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing that accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

(c) Funds structure

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal.

(d) Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:

the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Tax reclaims on donations and gifts

Incoming resources from tax claims are included in the SOFA at the same time as the gift to which they relate, to the extent that tax recoverability is certain.

Incoming resources from fund raising

These are reported gross in the SOFA.

Gifts in kind for sale or distribution

These are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

Gifts in kind for use by the charity

These are included in the SOFA as incoming resources when receivable.

Page 11 of 14

CITY CENTRE DAWAH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Intangible income (e.g. donated facilities)

This is only included in the accounts when the benefit received is actually quantifiable, receivable and material, and the cost is being borne by a third party. When included it is valued at the lower of the cost borne by the third party, and the reasonable estimate of the value to the charity.

(e) Resources expended

Liabilities are recognised as resources are expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

(f) Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

(g) Allocation of overhead and support costs

Support costs include administration office functions and have been allocated to activity cost categories on a basis consistent with the use of resources, allocating property costs on floor areas, staff costs by the time spent and other costs on a measure of usage.

(h) Costs of generating funds

Costs of generating funds are those costs incurred in attracting voluntary income, or incurred in trading activities undertaken to raise funds.

(i) Depreciation (Tangible fixed assets for us by the charity)

These are only capitalised when they can be used for more than a year and cost more than £250. They are valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation. Depreciation is charged as follows:

----- Start of picture text -----
||| |---|---| |- Fixtures & Fittings|25% at reducing balance basis| |- IT Equipment|25% at reducing balance basis| |- Motor Vehicles|20% at reducing balance basis|

----- End of picture text -----

2. Incoming Resources from Voluntary Income

----- Start of picture text -----
|||||| |---|---|---|---|---| |Restricted|Unrestricted|TOTAL|TOTAL| |Funds|Funds|2023|2022| |£|£|£|£| |Donations|-|609,591|609,591|395,590| |-|609,591|609,591|395,590|

----- End of picture text -----

Restricted funds are used on the charities various projects which are undertaken throughout the year. These projects are referenced within the trustees report.

----- Start of picture text -----
|||| |---|---|---| |Total|Total| |3. Cost of Generating Funds|2023|2022| |£|£| |Rent, Rates & Utilities|8,824|7,589| |Motor Expenses|6,983|5,582| |Office Costs|4,193|1,605| |Bank Charges|1,046|468| |Travel|19,792|10,908| |Advertising|1,216|4,047| |Printing, Postage & Stationery|264|105| |Depreciation|10,693|7,701| |Wages & Salaries|12,970|11,938| |Storage|1,280|2,400| |Items & Equipment|4,550|3,042| |Legal & Professional Fees|-|9,005| |71,811|64,390|

----- End of picture text -----

Page 12 of 14

CITY CENTRE DAWAH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
4. Charitable Activities 2023 2022
Donations 492,699 478,236
Religious Scripts 3,382 29,561
496,081 507,797
5. Governance costs 2023 2022
Book-Keeping, Accountancy & Audit 2,160 2,160
2,160 2,160
Motor Vehicles Fixtures & IT
6. FIXED ASSETS Fittings Equipment Total
£ £ £
COST
As At 1 September 2022 30,268 565 10,325 41,158
Additions 17,694 - 4,303 21,997
Revaluation - - - -
As At 31 August 2023 47,962 565 14,628 63,155
DEPRECIATION/AMORTISATION
As At 1 September 2022 6,054 247 5,703 12,004
Charge For The Year 8,382 80 2,231 10,693
As At 31 August 2023 14,436 327 7,934 22,697
NET BOOK VALUES
AS AT 31 August 2022 24,214 318 4,622 29,154
AS AT 31 August 2023 33,526 238 6,694 40,458
2023 2022
7. DEBTORS £ £
Other Debtors 10,597 8,997
10,597 8,997
8. CREDITORS: Amounts falling 2023 2022
due within one year £ £
Trade Creditors - -
PAYE & Wages 1,906 1,162
1,906 1,162
9. Staff 2023 2022
Average number of employees for the period 1 1
1 1
No employees were paid more than £60,000.
Mr Ferguson, a trustee, was paid for services involving project management of overseas charitable activities.
A position which would have incurred a greater cost should a external party have been hired for this project.
10. Reserves 2023 2022
£ £
Brought forward reserves 89,799 268,556
Net Surplus for the period 39,539 (178,757)
As At 31 August 2023 129,338 89,799
----- End of picture text -----

Page 13 of 14

CITY CENTRE DAWAH

INCOME & EXPENDITURE STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
Restricted Unrestricted Total Total
Funds Funds 2023 2022
£ £ £ £
INCOME
Donations - 609,591 609,591 395,590
- 609,591 609,591 395,590
Charitable Activities
Charitable Donations - 492,699 492,699 478,236
Religious Scripts - 3,382 3,382 29,561
- 496,081 496,081 507,797
Operating & Administration Expenditure
Wages & Social Security - 12,970 12,970 11,938
Rent, Rates, Water & Insurance - 8,037 8,037 7,391
Heat & Light - 787 787 198
Stationery, Postage & IT Costs - 264 264 105
Travel Costs - 19,792 19,792 10,908
Office Costs - 4,193 4,193 1,605
Advertising - 1,216 1,216 4,047
Items & Equipment - 4,550 4,550 3,042
Bank Charges - 1,046 1,046 468
Storage - 1,280 1,280 2,400
Motor Expenses - 6,983 6,983 5,582
Legal & Professional Fees - - - 9,005
Depreciation - 10,693 10,693 7,701
- 71,811 71,811 64,390
Governance
Book-Keeping, Accountancy & Audit - 2,160 2,160 2,160
- 2,160 2,160 2,160
TOTAL EXPENDITURE - 570,052 570,052 574,347
EXCESS INCOME OVER EXPENDITURE - 39,539 39,539 (178,757)
----- End of picture text -----

Page 14 of 14