MOORLANDS ISLAMIC CENTRE Charity No. 1182067 Trustee's Report and Unaudited Accounts 31 March 2024 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Contents Pages Independer)t Examiner's Report Statement of Financial Activities 8alance Sheet Statement of Cash flows 12 Notes to the Accounts 7toll Detailed Statement of Financial Activities 13to14 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISiAMIC CENTRE Trustees Annual Report The trustee presents their report with the unaudited financial ststements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1182067 Trustee The following trustee served during the year: 5.1. PATEL Accountants SG ACCOUNTANCY SERVICES LTD 296 GARSTANG ROAD PRESTON LANCASHIRE PR2 9RX oBJE￿IVEs AND ACTIVITIE5 A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its artivities... A larger charity must provide an explanation how the achievement of its aims will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period.. A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives... ACHIEVEMENTSAND PERFORMANCE A larger charity must review its charitable activities undertaken. explaining performance achieved against objectives set . A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objertives set... A larger charity must provide an explanation when material investments are held, details of investmerbt performance achieved against objectives set. A larger charity must provide an explanation of any material expenditure occurred to raise income in the future... A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives . PLANS FOR FUTURE PERIODS Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISiAMIC CENTRE Trustees Annual Report A larger charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them A larger charity's report should explain the trustees perspective of the future direction of the charity.. The trustee is responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities {Accounts and Reports) Regulations. and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and herbce taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed 5.1. PATEL Trustee 10 October 24 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISiAMIC CENTRE Independent Examiners ReF￿rt Independent Examiner's Report to the trustee of MOORLANDS ISLAMIC CENTRE I report to the trustees on my examination of the financial statements of MOORLANDS ISLAMIC CENTRE for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Att 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Att. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. the accounting records were not kept in respert of the charity as required by section 130 of the Act: or the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered a5 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 understandirbg of the financial statements to be reathed. SIDDIQ GANI IF.I.P.A.I SG ACCOUNTANCY SERVICES LTD 296 GARSTANG ROAD PRESTON LANCASHIRE PR2 9RX 10 October 24 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Statement of Financial Artivitie5 forthe year ended 31 March 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donation5 and legacie5 42,019 42,019 26,188 Total 42,019 42,019 26,188 Expendlture on: Charitable activities Other 13,875 20,338 13,875 20,338 4,094 19,609 Total 34,213 34,213 23,703 Net gains on investments Net income 7,806 7,806 2,485 Transfers between funds Net income before other gains111055es) 7.806 7,806 2,485 Other gains and losses Net movement in funds 7,806 7,806 2,485 Reconciliation of funds: Total funds brought forward 39,195 39,195 36,710 Total funds carried forward 47,001 47,001 39,195 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Balance Sheet at 31 March 2024 Charity No. 1182067 2024 2023 Current assets Cash atbankand in hand 48,479 48,479 11,4781 47,001 40,687 40,687 11,4921 39,195 Creditors: Amount falling due within one year Net current assets Total assets less current liabilities 47.001 39.195 Net assets excluding pension asset or liability 47,1Y)I 39,195 Total net assets 47,001 39,195 The funds of the charity Restrlcted funds Unrestrlcted funds General funds 47,001 39,195 47,001 39,195 Reserves Total funds 47,001 39,195 Approved by the trustees on 10 October 2024 And signed on their behalf by: S.1. PATEL Trustee 10 October 24 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Notes to the Accounts forthe year ended 31 March 2024 l Accounting policies Basis of preparation The finarncial statements have been prepared in accordance with 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 rf Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the tharity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subjett to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to. and virtually certain to receNe, the income and the amount of the income can be measured with sufficient reliability- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOF Donations and legacies Volvntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and rnaterial. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llos5esl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of Erants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity- Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amour)t after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Notes to the Accounts Receipt of donated goods, facilities and services All donated goods, facilities and services received are ￿cOgnised within incoming resources and expenditure at an estimate of the value to the charity. 2 Statement of Financial Artivities- prior year Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies 26,188 26,188 Total 26,188 26,188 Expenditure on: Charitable activities 4,094 4,094 19,609 Other 19,609 Total 23,703 23,703 Net income 2,485 2,485 Net income before other gainslllosses) Other gains and losses: Net movement in funds 2,485 2.485 2,485 2,485 Reconciliation of funds: Total funds brought forward Total funds carried forward 36,710 36,710 39,195 39,195 3 Income from donations and legacies Unrestrirted Total Total 2024 2023 42,019 42,019 42,019 42,019 26,188 26,188 4 Expenditure on charitable artivities Unrestrirted Total Total 2024 2023 Governonce costs 13,875 13,875 4,094 13,875 13,875 4,094 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Notes to the Accounts 5 Other expenditure Unrestrirted Total Total 2024 2023 Employee costs Premises costs 16,505 2,614 16,505 2,614 15,969 2,106 General administrative costs 1,219 20,338 1,219 20,338 1,534 19,609 6 Staff costs 2024 2023 Salaries and wages 16,505 16,505 15,969 15,969 No employee received emoluments in excess of £60,CKJ). 7 Creditors: amounts f311ing dLJe within one year 2024 2023 Other taxes and social security Other creditors 1,330 148 1,492 1,478 1,492 8 Movement in funds Incomin8 resources At31 March 2024 (including other At l April gainsllosses 2023 Resources expended Restricted funds: Unrestricted funds: General funds 39,195 42,019 134,2131 47,001 Total funds 9 Analysis of net assets between funds 39,195 42,019 134,2131 47,001 Unrestrirted funds Restritted funds Total Net current assets 48,331 48.331 11,3301 11,3301 47,001 47,001 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Notes to the Accounts 10 Reconciliation of net debt At31 At l April 2023 March Cash flows 2024 Cash and cash equivalents 40,687 40,687 7,792 7,792 48,479 48,479 Net debt 40,687 7,792 48,479 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Statement of Cash flov forthe year ended 31 March 2024 2024 2023 Cash flows from operating activities Net income per Statement of Financial Activiti 7,806 2,485 Adjustments for: Decrease in trade and other receivables IDecreasel/lncrease in trade and other payables 25 1141 1.097 Net cash provided by operating activities 7.792 3,607 Net Cash from investing artivrties Net cash from financinE attivities Net increase in cash and cash equivalents 7,792 3,607 Cash and cash equivalents at the beginning of the year 40,687 37,080 Cash and cash equivalents at the end of the year 48,479 40,687 Components of cash and cash equivalents Cash and bank balances 48,479 40,687 48,479 40,687 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Detailed Statement of Financial Artivitie5 forthe year ended 31 March 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies 42,019 42,019 42,019 42,019 26,188 26,188 Total income and endowments 42.019 42,019 26,188 Expenditure on: Governance costs 13.875 13.875 13,875 13,875 4,094 4,094 Total of expenditure on charitable activities 13,875 13,875 4,094 Employee costs Salaries/wages 16,505 16.505 16,505 16,505 15,969 15,969 Premises costs Rates Light, heat and power Premises repairs and maintenance 1.730 1,730 1,912 194 2.614 2,614 2,106 General administrative costs, includin8 depreciation and amortisation General insurances Information and publications Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 362 362 3(MJ 300 326 81 81 71 250 63 63 581 413 413 306 1,219 20,338 1,219 20,338 1,534 19,609 Total of expenditure of other costs Total expenditure 34.213 34.213 23,703 Net gains on investments Net incorne 7.806 7,806 2,485 Net income before other gainslllosses) Other Gairbs 7.806 7,806 2,485 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only. MOORLANDS ISLAMIC CENTRE Detailed Statement of Financial Artivitie5 Net movement in funds 7.806 7,806 2,485 Reconciliation of funds: Total funds brought forward 39.195 39,195 36,710 Total funds carried forward 47.001 47.001 39,195 Printed by BoltPDF Icl NCH SoftTATare. Free for non-COJDrnerciaL use only.