REGISTERED CHARITY NUMBER: 1188601
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
FOR
ICMG EDMONTON
S.D. Garner + Co Limited Chartered Certified Accountants
92 Station Lane Hornchurch Essex RM12 6LX
ICMG EDMONTON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
ICMG EDMONTON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The trustees have recognised the guidance in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the charity and when planning activities. The difference the charity makes for the public benefit is the furtherance of elevating poverty, empowering the community at large and being model example.
Volunteers
Volunteers are an important resource in both our faith and community work. Volunteers are involved in most of our faith and community activities, and we have people and family members who regularly give up their time as volunteer.
ACHIEVEMENT AND PERFORMANCE
Summary of the main achievements of the charity during the year
-
We run a weekend school for kids 7 to 13-year-old.
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We have a couple of youth projects such as weekly football matches for the local youth.
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Visiting historical sites with youth and families.
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Youth camp in nature.
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Islamic education for adults.
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Seminars for adults about being a good parent.
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Seminars for kids & youth for future professional careers.
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Craft Workshops for Kids.
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Friday Prayer for men.
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Weekly gathering events for the ladies.
FINANCIAL REVIEW
Financial position
-
Total income for the year amounted to £55,811 (2022: £30,844).
-
Total projects expenditure was £27,807 (2022: £29,966).
-
Other expenditure £7,507 (2022: £2,038).
The surplus for the year is £20,536 (2022: £39 deficit).
FUTURE PLANS
Future plans are to carry on with email campaigns to raise funds.We are confident that the community in UK will continue to support the charity. Funds are collected on regular basis after Friday prayers each week.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was registered as a Charitable Incorporated Organisation on 17 March 2020 and is controlled by its governing document, the constitution, and constitutes Charitable Incorporated Organisation (CIO).
Organisational structure
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees at the moment meet together as a body when and as required and are responsible for all decisions taken in relation to running the activities provided by the charity.
Page 1
ICMG EDMONTON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
Following appointment, new trustees will be introduced to their new role and are requested to familiarise themselves with contents of the trusts constitution and to the policies and procedures adopted by the charity. They are also requested to read a number of publications from the Charity Commission to ensure that they are aware of the scope of their responsibilities under the Charities Act.
The new trustees will work collectively with existing trustees assisting on activities and projects run by the charity, to attain maximum benefits for the charity.
Risk management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risk, appropriate controls are in place to mitigate financial risks overseen by trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1188601
Principal address
32-36 Claremont Street London N18 2RR
Trustees
Mr. E Cetinkaya Mr. I Kavak Mr. M Aydin Mr. M Kiranoglu
Independent Examiner
Jamal Arshad BA(Hons), FCCA S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
Approved by order of the board of trustees on 16th February 2024 and signed on its behalf by:
Mr. E Cetinkaya - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ICMG EDMONTON
Independent examiner's report to the trustees of ICMG Edmonton
I report to the charity trustees on my examination of the accounts of ICMG Edmonton (the Trust) for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of 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.
Jamal Arshad BA(Hons), FCCA
S.D. Garner + Co Limited Chartered Certified Accountants 92 Station Lane Hornchurch Essex RM12 6LX
16th February 2024
Page 3
ICMG EDMONTON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 55,811 - EXPENDITURE ON Charitable activities Charitable Activities 27,807 - Other 7,507 - Total 35,314 - NET INCOME/(EXPENDITURE) 20,497 - RECONCILIATION OF FUNDS Total funds brought forward (1,359) 1,398 TOTAL FUNDS CARRIED FORWARD 19,138 1,398 |
2023 Total funds £ 55,811 27,807 7,507 35,314 20,497 39 20,536 |
2022 Total funds £ 30,844 29,966 2,038 32,004 (1,160) 1,199 39 |
|---|---|---|
The notes form part of these financial statements
Page 4
ICMG EDMONTON
BALANCE SHEET 31ST MARCH 2023
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 21,298 1,398 CREDITORS Amounts falling due within one year 4 (2,160) - NET CURRENT ASSETS 19,138 1,398 TOTAL ASSETS LESS CURRENT LIABILITIES 19,138 1,398 NET ASSETS 19,138 1,398 FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 Total funds £ 22,696 (2,160) 20,536 20,536 20,536 19,138 1,398 20,536 |
2022 Total funds £ 39 - 39 39 39 (1,359) 1,398 39 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16th February 2024 and were signed on its behalf by:
Mr. E Cetinkaya - Trustee
The notes form part of these financial statements
Page 5
ICMG EDMONTON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
continued...
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ICMG EDMONTON
| NOTES TO THE FINANCIAL STATEMENTS- continued | NOTES TO THE FINANCIAL STATEMENTS- continued | NOTES TO THE FINANCIAL STATEMENTS- continued | NOTES TO THE FINANCIAL STATEMENTS- continued | ||||
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31ST MARCH 2023 | |||||||
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | |||||
| fund | fund | funds | |||||
| £ | £ | £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies | 15,184 | 15,660 | 30,844 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities | |||||||
| Charitable Activities | |||||||
| Other | 15,704 2,038 |
14,262 - |
29,966 2,038 |
||||
| Total | 17,742 | 14,262 | 32,004 | ||||
| NET INCOME/(EXPENDITURE) | (2,558) | 1,398 | (1,160) | ||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 1,199 | - | 1,199 | ||||
| TOTAL FUNDS CARRIED FORWARD | (1,359) | 1,398 | 39 | ||||
| 4. | CREDITORS: AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||
| Other creditors | 2023 £ 2,160 |
2022 £ - |
|||||
| 5. | MOVEMENT IN FUNDS | ||||||
| Unrestricted funds | At 1/4/22 £ |
Net movement in funds £ |
At 31/3/23 £ |
||||
| General fund | (1,359) | 20,497 | 19,138 | ||||
| Restricted funds | |||||||
| Restricted | 1,398 | - | 1,398 | ||||
| TOTAL FUNDS | 39 | 20,497 | 20,536 | ||||
continued...
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ICMG EDMONTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 55,811 |
(35,314) | 20,497 |
| TOTAL FUNDS 55,811 |
(35,314) | 20,497 |
| Comparatives for movement in funds | ||
| At 1/4/21 £ Unrestricted funds |
Net movement in funds £ |
At 31/3/22 £ |
| General fund 1,199 |
(2,558) | (1,359) |
| Restricted funds | ||
| Restricted - |
1,398 | 1,398 |
| TOTAL FUNDS 1,199 |
(1,160) | 39 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming resources £ Unrestricted funds |
Resources expended £ |
Movement in funds £ |
| General fund 15,184 |
(17,742) | (2,558) |
| Restricted funds | ||
| Restricted 15,660 |
(14,262) | 1,398 |
| TOTAL FUNDS 30,844 |
(32,004) | (1,160) |
continued...
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ICMG EDMONTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||
|---|---|---|
| movement | At | |
| At 1/4/21 | in funds | 31/3/23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 1,199 |
17,939 | 19,138 |
| Restricted funds | ||
| Restricted | ||
| - | 1,398 | 1,398 |
| TOTAL FUNDS 1,199 |
19,337 | 20,536 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | ||
| follows: | ||
| Incoming resources £ Unrestricted funds |
Resources expended £ |
Movement in funds £ |
| General fund 70,995 |
(53,056) | 17,939 |
| Restricted funds | ||
| Restricted 15,660 |
(14,262) | 1,398 |
| TOTAL FUNDS 86,655 |
(67,318) | 19,337 |
continued...
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ICMG EDMONTON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
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ICMG EDMONTON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 55,811 | 15,184 |
| Education and sports | - | 15,660 |
| 55,811 | 30,844 | |
| Total incoming resources | 55,811 | 30,844 |
| EXPENDITURE | ||
| Charitable activities | ||
| Charitable projects | 27,807 | 29,966 |
| Support costs | ||
| Management | ||
| Rates and water | 1,250 | 223 |
| Insurance | 309 | - |
| Fund raising | 108 | 63 |
| Postage and stationery | 307 | 55 |
| Repairs & maintenance | 744 | 1,217 |
| Travel & Refreshments | 1,252 | 166 |
| Cleaning expenses | 1,377 | - |
| Other | 5,347 | 1,724 |
| Sundries | - | 314 |
| Governance costs | ||
| Accountancy and legal fees | 2,160 | - |
| Total resources expended | 35,314 | 32,004 |
| Net income/(expenditure) | 20,497 | (1,160) |
This page does not form part of the statutory financial statements
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