¢harity reg¢slr8bon 1201327 comp reglstratkn rNMnber13S26193 {EThUnd and Walesl SOUTHGATE MOSQUE AND COMMUNrfY CENTRE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustaos S Hus%ain Rknn Charity numbor 1201327 ¢omparhy numbor 13526193 Reg1s1ored office HvJh_Rtreet London N14 68S Audltor Easi Qff$ Oak Htyjsa (&)fts Oak EN7 5GE
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED CONTENTS Pa98 Indepdent audilafs rer Slaterntafra[Kjal admks 8818rta sheet Staternentof rashfky Notes lu the finarthlsialerTpnts
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Decewkner2Q23. Tho CL¥Nny was cOrp¥t9d 22 Juty 2021 and r•g6tsrwd as a chaity on 13 C)9cwnb9r 2022. fiThanaI slatemenLS have been prepared in ith rdkyes rrt in note 1 to the nanual ststements and ¥vith Ihe charity's and ArtthsofAsw#Dn. CcYnparMes kl 20(b and'Arrnunb'ng and Reporting by chaes. Statement ol ReLYrnffl8nded Pr Io charit$ prepanrvj acu)unts i 8ccordaniÉwflh Ihe Fin¢k4 Reportilg Staa able in UK and ¢f Irdand IFRS 1021 leffedNe 1 January 2019r. objecteS and actfivMe5 The trustees have paid due regard t¢J guKlance ISed by the Charity in decidiw %Yhat xtivities thetharty should u1£[lake. Achievefflents pErforrnanre Flnanclal revlew 11 is the policy oflhe digrbty Un81n"¢i have rnl te8n deS9n8 frxa £w¢i usethuld bè mantsined at a levd equivaentto beiWe i)ne aThl three Ith'S exFendre. Tie trnstres C(der that reserwe5 31 this le¥d MNII ensure that. m the ent of ¥ significant (trc¥> In fundg. ttEy VAI be Ae ta conbnue tre chffj'swrrenr dtrwiThes ¥Yhile consideration is gwen toway5 in whth rtHalluds may be rawl. Th¢5 W of reseryes tws been mairtsinpd ihroUgh(l year sfwctiiro. gov8manu aNI m8na9¥t ehanty IS a cthrpany limittd by warontet incworalcd on T2 JJY 2021 govcmtd by its NEmorauM and 4fA$SactsOn as amended by a Swial Resdul ai Cottyan Flf¥J 3 NEVa1)Er 2tr22. The trustee$, who arè aso thtr drec1(5 fot IhE putm of conwany kny. awj SedduriNJ Ihtr ytararKI up to thtr (Jattr of signatureoflhe statts wwF-. S Hussa RAmn A Masrour M4thod ol rnerultm•rrt and appOlnbi)I of tn19t4•s In selectg I1Ua5f apwintrnen13s the tru51ees are wirsl bi wrtue of lis wwernitvj d0MentS lo have regard lo ihe skils, and ey[KE neetsj for eftecbE ITeTTnIOrIh& Charity. Al Iruste8s have up b th8 Chity"sTiust6es Ccoje ofcthJLtt. Ne oflhetrustees ha$ wy bwefK>al intwest th8 coiyny. Al oflhe trLtste8s are memws ofts company guarantee toconlntxrte £1 In Iheevent of a up. Swler pay1 c(YDpanyscutrentpolKyc¢)nwniDgthe paytryrt oftsje (Ywjitrys is to CBI¥ PromptPayery& Code (cop are availab from Ihe CBI. Centre 103 New Oxford Stre& LKkn WC1A 10UI. ¢tyDp8ny'$ wff8nt ts)n¢wning the paynwi ottrade itrs * IO". • settle the lerrnsof pa5Thenl wrfh Swlersn 4reerg the terrns d eath trdnsaclic>n'. enslre that suppliers are awareofthe tertrs of paY7nlbY rLlUSK of the tplevanl terrns in thntracts: and pay in aca]rdae with lhecxThpanYscontrtua atKI 01her1 obaals.
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Charity5 organlsational structu Th8 charity wrrenly has three tNstees ¥¥ are re5kvwbknfor Ueffecbve ageto1Its affa¥s. Thfr chty curreDIIy has ro emFAoyee5. Audltor In &COrdan with th8 compfs artts. 3 resokrtKJn wryxjsiiy thai NHC Limited be ieaprKxnled as auditorof the wll be at a Genwal M8etiTvJ. trusteps. approved by fv Boaril 0fTrlS8$. S HLBsaii Tiustee 5 Marth 2025
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees, wtK) are asDthe dreLx5 of PknweAtMI for Ihepurp05e of(LpaTry Lqw. ere resFonsible ts preparirvj the Trustees. Repm stalemS Fl aCcLYdtr witrh app&c)le law and Unitgd Kingdom AccoLffjling Slandards (United KingknGener¥ly kncepled prtiCl. Comp8ny Law requres the Iru51ees to prepare financwl Slaterr10reh fvanual yearwhth give atTue atwjfair ¥W of the State ofafaiTS oftteharity and ofthe inctmirpj rtsoLW¢BS and ofrastyJr¢e$, indudin9 the ineom d expendiW, of the Chailab ¢cnpanylty Inal year. In wepwng these finartl slator(nls. tnkstses we iwjwred to- -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in [arit SQRP.. . makelrents e5timatesthat are rednth prLxI . staia wPthar awlSc8bk uK]xr0 Sta)dath ha% W folty•Fed. subiKI to any n81 d8partwas d)sed and explaine(I In the 5tstemenis.' and - wepare Ihp financHI $tatertEnts w Ihe {cE bays eSS it is h4apFwate lo presuffte Ihatlhe charity 11 continue in operation. truste9$ arg resFoisb19 for adewale r8oxd$ thaldi5eh)sowdh r985(J78We accuw al any the finarKJal p05rtn of the Gkkirty Ih¢m to ensure IW st&ements (ompty With ts cornp¢S AGt 20C6. y e also reswnsible for 5afeJu¥thng a5sels Oftt rJHtyand hetort3 reasonable steps for Ihe prevent gmd detsction offraud <Aher itrBgularii*s
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES OF SOUTHGATE MOSQUE AND COMMUNITY CENTRE UMITED lon We have aujited the financ1 ststements of S(xjts3te mOe And CoTrvNunity Centre Lirymled ltre charity'l fth& year nd 31 DerrIbr2O23 whith mPtis8 the Stai8rn8n: otfvarKxa aLvibBs. ba( sh88t. th8Stat8rn8nt afcash flo 8nd notes lo the financial stalemenls. iycluding w)hcE5. TIE f nancHI repcxbng frameth that h35 been 1d in their pt8par¥in is ¥prAKble law aTrJ UThled Kngd)m siarwJarO$, IncbJding Financial Reporting Slandard 102 Tre Finanetsl Rewtiru StarartI appbcthin the UK andRepul)lic ollrelanillunited Kirydom GenerlY Accepted Accountyw PraChl. In ouroFinKm, the Statents.. give 3 true arxl fair viwi ofthe state of knedwitaLqe uxnpanys aKS as at31 December 20 arNI of ts incoThng resourcps resource& for the yearlhpn £ed". have bew pr(Y prep in acc(KdarKe ith Unw Gervalty A(xttl Fbctwx.. have been pyyetl in %Yith thfy requywnentsoflhe cLKnPan Act 2(KJ6 a5is lor opinion We conthcted our 8ud in a¢eorthee lThtvr01KThI SlaThlardson IUKI IISA5 IUKlland aPp&Ie law. Our [OSFx>wblibes der those siarKlards are futyw described in Audilolsrewn&bilis lorlheauditoflhe financial staleffienls sethon otixY rewt. We are ient ofthe clN3rty accord3nce ith the ethi(xl reqrelents that are relevant lo aLOrE fwnc4al slatetrEn15 In Ihe Ult. irK1uJgthe FRC'S Ethral Stard. and we have fufilled our othèr th¢8J respon$lilS in accordance wlh IW8 requirwents. W• Ihal Ihtr audrt evidenco sv& haveobiained is SuffiCTrt arKI approw2te to provthle a bas fv (rOpr. Con¢luslons relalSng to golng ¢on¢ern In audng the finanaal statements. we have that ts tru5tees' use oflhe 1r0()nCeM basis of in Ihe pr¶iM)n of the finartial staiem8ni8 apprOlate. Based cn Krrk we have perfcrfr. have nrA hlenrifieil m8teA4 r¥atiTrJ to CK conditic$ ltrth. diwdualy orcdlpcliv64y, Thay cast swifKaTrl doubt the ckwty's aimlty to as a gJin9 )nce[n a pprw)d of tlwdveThonts frcyn when the lin3C staterrbEnts are authorised torissue. thJr tpwbihbes the rEsp)[bIll ol trustfes with COt¥xrn ¥e dbal in Ihe t8lpvanl sectK)ns of repth. other Information The other irformalN ¢xxrye5 1nfarrThHt indLMled anrwa rewriolher han the ncL41 statements and our audilofs re[1 Ihereon. The trustee5 are re5Prnse f(Klhe other Infr¥mat taed wttNn thp annual ieport. (PiniDn Om tha finartial statements wl cthBr inform8iKJn and eo noitrxpress anyfom of a¥suram¢a wn¢lus eon Oui iesponsibdily Is t? read Ihe othtr- . thi dorg $0. SIderether ihe olh¥ Informathyl IS materially Irv13t¢nl thnlh fincIal stotfrTwts or knOdQ¢ obt¥4ned in ts wr5e olthe audit. or othEYwise appears to be maleri811y If ¥¥e Wlfy sh m)twia ifL)l$st¢¥ rfy8rent mal¥ial tnisslatefftenls, we arfy required to determine thher]hge5 re to a maienal Mistatement in the ststem2nls thetnsdves. If, based o the wort we have pertorwd. ¥4e CtydutettIthe is 8 m8ien81 $StatrI of thÉ infcrnètitr), we 8re required to port that fact. We have ndhing to report th ryd. attews on which we awp rU1 10 rew¥t by exclon We h8v¢ ndhing to report rwect ofth8 Iclh)wYvJ ma8rs in rekgkn th8 Charo8s lknwnts ar Rep)rtEI Regulat5 2D08 18qure us to rewKt to you . n OurWK. )e Infomauon yvtn In nn8n¢i $iemÉnts IsinrSOthtIn any Mats1 $pett wbth the trust808' roport". LY suffiCEnt accwnbry recort ha¥e Th)t kept.. the f3ncjal statements are in agreetnerrt the rp(xKes" we h3ve not recewed 311 theInf(xMa arnl audit.
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF SOUTHGATE MOSQUE AND COMMUNITY CENTRE UMITED R9$prjnbllllfj$ of trust¢•s A5 exaIned me full> "he State1 of Ituslees. rEs[blit1es. thettee5. wkK> are aso the diiectors ofthe charity for th8 purpus8 of copatlSy1. th8 of fnanEi4 strdt8rn8nts arKI for b8ing satisfi8d that Ih8y Ive a te fair YEW, and Inlptna as the trus deter[TY 15 rSsary ID enab the preparBlion of fin8nc4¥1 Sta9n t1 are free fretn Try$stsiel. whFther due 10 fraL ot ettor. In ptppanng ihe fnantsal ststements, the tmslees are resSIble for charity"s alItyt0 tinUe a wing crlncern. discknW. as applicab, rnattets rdaled lo grfng Us9 the baSOfaccwnIg Ue5sthe Irusteesether intend to Iv4uidate Iha charrfable ccvnpany orto cease Lwatiuns. have x> reah5tK aNernatNe bul to do so Audllofs responslbll(tle5 for the aLKlliof Ihe ftnanclal stateme We have b2en appointed as audilu under 144 o'the Charthes Act 2011 and rerth n accordan the Act and relevant regulalKJn5 made havry effect thereuThler. lknr objectives are lo atrtain reasonable assuran a(Whelher fina131 5taternerts as a who are fe from fflaterial misststÈmÈnt. ¢thÈrIIUÈ to frKJ eretror. io iss * aUdl9 re( nn. Reasonable assurarte K% a hvJh le¥1 ofassur8nc? Is noi 8 arant8 Ihal an 81 ¢ondLrted in a¢)rare wilh ISA8 IUKI wdl abNay$ d$tsc£ 8 material mi5Stalemenl when il exist5. Misstaieinents can fraud or are consKlered rnalerK41 rf, 1ndi¥KIL1y or in the aggregate. they rea5[ablY be expected to infiL the e[0[1( thasions of usets tsk¢n on the ba515 Df these financ1 statements. IrregJlarilies. including fraud. we inst$ of nM-¢on¥Aw¢e Vrilh and regul4t$. We desw3n procedures in line with our ¢swnSli1$. oulline(J above. to detect1Ter1al msstrWts in resred of YrewrtheS. fr8ud. The extenl lo which owproc8dures aro Capab aldbtoLng vragu1. irUry fr. bdDw. The exlenl lo wlych pr(Kedure5 are (xpatrle of detechrvJ Ilreg3r1l. dirJ1raUd, is detaled bekrw. Explanatlon as to what 8xtAnt tho audlt wa4 consld•r4d c¥abl• of d8t8dng Irr•9uIarfts. Ineludlng fraud ot4"ective5 of our audit in respect of fraLKI. are. to Mlenty and assess Ihe risks ot rnate MisstatenI L the financial ststements (kne lo frau¢.' lo obtain sJffi¥ent gudil ece rerI1 Ihe asses risks of mal¥ial mlatement lo fraud. through designing and ifftpewbenbry approwkite rewses to Ihose assessed nsks." and to re&p( 8ppropriatdy 10 instances d traLrf or SW>Èdpd tified IhÈ Ail. H¢¥0[. the primary regponsibility for U)È prevw)tion detection offr8ud iests wth toth maThtI1 aThJ those CW wih go¥wnarKe oflhe ctsmp8ny. ramroach w¥ as fol$.. We oblaned an undet5tanOng of thE legal regulatw Tequirernents 3ppkrab ID the cunpany and cDdEred Ihal the most sgnth>nl are the Ccthpanes PJ 2W6. Chth A( 2011. UK finanrial reporrir¥J staThlards as Iss by Final81 Rep(xbro Cwrol. j UK laxalK)n legElabr We obtained an understanding of the company lIh these requirements by discu59Oll5 with mwnentand LargBd Y4ikn yJvem¢8. We assessed the risk of malenal mwtslemenl d the hn8rKial alerng7ts. the risk of m8terial Mi$ststeMt due and hcw it mvjht (Kcur, by twjlding dwys5K¥ 1]h w99Pment and Ise dprggd wlh gmrnance. W8 inquired of manayenffl and ihtse ¢h8ryeé govwnct as any knrn iiaartes of norrtomrliance c wspa¢ted n(¥K(Anl¥rKo1h [egUL9. Based on Ihis UrNlerstsrlng, we ttesNed sp21ifK awwtiale audit to Kknlfy nstatKes of rKXFcp1la WJilh L4ws and regukiton5. Ths Indul mthrvj enquiries ol rnatmgemenl charged veanCe and obtanivj addiliunal rA)rro[aVe pwdenTr as requwj A futherdescrpton ofow re1e$ is ava4able the FinKia Resxthg C(x141'S web*ie &. https."IlvJwfrc.(ry.uklauditorsresponSibd& Tris forwB audito¢5 Pllrt.
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF SOUTHGATE MOSQUE AND COMMUNITY CENTRE UMITED U50 of our ropwt TFMS rEP(Kt is tnad8 sdely to the Chty'S bslees. a5 a Wy. aOrda(% wth part 4 ofthe Charities lACnL$ and Réports) RulatnS 08. au(It ha8 bB8n takn su thatv mwt stat8 to thf charitys Iru5t88s thos8 tnattots we are requred to stale IDtrn inan artI¢$ rèp¢MI for at puttx)se To Ihe ful1 exienl T[nItted bv law, we ( 018tsBPI oi assurne respslIty lo anye¢lt than arwj the ¢harityS tsu$BS as a Lvjy. forouraudilwork. for this rel. for the opinions we have tormed_ Francis Cortmshley Isenlor Stautory Auditor) fov and on beha of Aloore NHC Audlt Lknknd S Matth 3J25 Chartered Accountart5 StatLrtory ditOr E8St Wir¥J Gofts O HcMJso Goffs Lar Gcrfts O* EN7 5GE
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEM8ER 2023 To1 Unro8tri¢tsd Ro8tri¢tod lund5 funds 2022 2022 Total 2023 2023 Notes In¢omo and endoymients from.. Donatso and lega¢Es Chwilabk vIbeS 1S3.391 22.978 5.637 3.180.911 3.334.332 22.978 5.637 3S.434 1.402,723 1.438.157 Total inroffl• 182. 3.180.941 3.362.947 35.434 1.402,723 1.438.157 ExpendturÈ on: Raisin9 furvjs charitab tiV[be$ 20.1 110.1W2 20.100 13.970 15.950 13.970 15.950 Total expenthture I30.2 224.408 29.92D 29.Y20 Not inGorne and rnovement i lund$ 87.8W 3.W.739 3.138.539 5.514 1.402,723 1.408.237 Re¢onclllaUon of fvnds.. Fund balar al 1 January 2023 5.514 1.402.723 1.408.237 Fur blllanGes at 31 fieGernbEr 2023 93.314 4.453.462 4.546.TTfj 5514 1.402,723 1.408.237 slalerntnt Offin881 a19 kncljdes 811981)y bs88¥ r6¢(wisJ in the year. PJI IrKc*n8 exp8ThJrtur8 d6rlv8 The 51aiemenl of financkil admbes akn cunWEs the rewirunents for income and expenditure arKwnt under CompaniesAci 2006.
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Flx•d assgls Tangib a55ets 14 8.785.724 Cuvr•nt a88•ts Debtors Cash at barlt and wi ha 15 1.019.077 737261 279.WJ 279.099 1.756.93 Croditorn: amow)tstslliny wilhin on0 year 17 113.7001 Nel current iliabilitiesyassets {371.4451 1.743.238 Total assets less current Ilablllks 6.414.279 1.743.238 Cr•dltors: aM0tIllIng th• aft•r moThi than ypar 11.867.5031 1335.Th)11 N8t asseis 4.Yfj.7T6 1.408.7 Income funds Restricted fur$ unrestricted furKIs 4.453.462 93.314 1.402.723 5.514 4 546,776 1.408.r87 TTrKs C(Wnny 15 entEd to ts 9XfrytKfron Iheawlit rwwir8rrcWtse $8ctiw 477 ofts conWn&Ad 20C6. for e year ended 31 Dec2mber2023. altlwh aLwJt ha5 card out utxbw sOn 144 oflhe chae5 Act 2011. Thp directOLS acknovlalge their res51 forc(mnp.IVj )th requ¥eDnIS of the CofftpanEs Act 2006 sPeL to accounbru recDrd5 atKI Ihe preparatKXb Offaal statnts. Trse fina81 siaiements have li •xerd iththe wJYtsiorts to cornp8r¥es subp¢t th8 small ))mpanies regitre. Ih?financI ststerrnts wwe apryoved byllTnJste8sty15 M¥th 2025 S HLWkl Truste8 Company r¢gi5trntion number 13525193
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED STATEMENT OF CASH FLOVVS FOR THE YEAR ENDED 31 DECEUBER 23 2023 2022 Cash llowsfrom opornung aCtlt10S 24 4.208.786 397.260 Inv•$tlng actlvOt1•8 Pwchase ofIgie fixed asset 16.824.49)1 Not cash used in Irbvestiny xti¥hles 16.W24.4XII Flnanclng *ifjvllles Pro¢eeos fr¢m bo0r&S Repaymsntofb)rrowr 340.001 t ¢¥sh g•noratsdfrom •¢tMU•s 2,157.502 340.(01 Ngt IdocrKs•lllncr•asa In cash and cash •qulval•nts 1458.1621 737.281 sh cash equivalents at l)eginrMrYJ of y 737.261 Cash and ush oqulv¥ents al 8ttd ofyew 279.099 737.261
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AOUnt9 pol195 Charity inlarmBtit ulfrgale Mosque Cnnty Cwtre Limited 15 a priwakn c¢)rry)any linwtwl by guar8ntse ffK(wr8t8d in Engl8fKI and Vlales. The regstered offre Sothjaie Sreec Lorvkn. N14 68S. 1.1 Roporting peyiod Tho roparbry period lar In thè wi(xl wa% ftom Iats of th(x)rrtsabtih on 22 Juty 2021 to 31 DècmbÈr 2022. 1.2 Accountwy comientiun The finanti81 siairrnis h¥•e pr¥p¥J in 8(XCYdare TIh tre dn80)Vem1 do¢urn¥ni. CompaThes Aci 2006, FRS 102"The Finanual Repjrtiry Sland apJkin the UK RepulAc of Irend- I"FRS 102.1 and the ChaniEs SORP'kcoLrbng and Re[thr by Charibes.. Staierwt of Recthmrren PraCte appluble its charibes prepahng Ih&r accounts in accOrda[E¥l the FYnIal RerKKbrvJ sdard apWicaNe in the LJK and REpublic of Irdand IFRS 1021" leftecbve 1 knuary 20191. The (arity is a Public Benefft Entitya5 defined by FRS 102. The finanual St3Ments are tryared fft stediry. vthich is the [tial currerryolthe (tharity. Monetsryamounts thesefinancwl sÈlement5 ¥e lo the rarest £. The fina81 staiprrpnts have bBw prBpBtI urtht ihE I¥$¢ 0)st ¢VOn. ID crtain financial InSrnents al r vdue. princW Fxi&cs Wed are trArt below. 1.3 Goiny con¢8m Al the time ofapproww Ih&finartyi81 truslshab ¥ r88$ab &xrttati ihat tho cknadty h8S alequa r¢Sr¢e$ to contsnue In (Watnal e$te ky the l(KeseeJk Thus trustees 10 &IL the going con b5 olacrA¥untirvJ prepanrwJ the ffiancial slaternents 1.4 Charitable fijnds Unrestrthd fuids are avaLth use at the of the Irustees ifft fiJrtheraKe 0ftherthari1ae obi2(¥es. e51rthd lwds Sue 10 5pethcotwJlvyL5 by dDfu5 0[1£¥5 as lu Ih8y b8 used. lh8 wtpuses and tsses tsftrE StrtEd funds are setCxA in the nDlesto the fmancial &atements E(nnI fijnds 10 spe0fco)rtW6 byrf$ ihai c4ptsi must D8 mairnaned by th8 Chty. 1.5 Ineom& Income is recnISed %vhen the is legalty enti"Jed it afier any perfarman(E (%)nditiS have teen 1. the nounts Iw wsured relabty. it15 thal Inc¢xNe il tErwzNed. Lash d(wats(N4s are reco£Misl on recept. OmerdonamS we reCoLS2O ofi Ihe cnffj Yas been nth111 orthe donaton. unless perf(xmae CA)ndthons requre delerra of tre anM)unl. Intwie tax reC4>ve[ab in relati( to donations eN8d Lnder rft AVJ of co¥tnarf r6 re(wtsed 8Ith&tm&dts¢knaiv. Le98tyes are rects)Th8ed rep1 or elhe rf Ihe ¢h•rity has been tI[ of an impending dislThbubcrt, the nwnl 18 known. ed receipt is axpected. Ifihe emounl nd th& Wcy 1$ tr&ated Ss a conknn9enl a8set. 10-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) .6 Expenditure Cxpendilure Is ognISed I1here oriThstnMNe dAvja1to tra[the(Orn1C benefrttoa third party, rt 1$ kYObabl6 thai a Iransfrotrth bènaffts ba reQred w) Stlty8ff1. amoml of oblKJabon Can b& mea9Jred rdigbly. ExpPrKIlu is d¥s5ifpd byxtyty. (xEts oleh vity tnJ& pOIttP tdal of dirp¢twsts ¥t¥J shared rosits. induding suptx)rt(X)sts involved in utKJprtakry eath thty. Dta)Sts attritxnable to a Sr¥J aGtivity are 311orAted dirttvy 10 th818CtMty. Shaiee costs ¢tri>jie mtye than gaivrty suprot o)sts n aiiributsbk 10 8 &role MIy & aPWM1iwthJ bet tlw ltI&% £47 8 c¢Msisiwt wlh e0f tysourc8. Central stsff costs are akncated bS of ume a1 deweaknn charge5 are aIknca on pOrtn ofthe asset's use. 1.7 Tanglbh fixed assets Tangibktr [ed a¢s81$ intsty nd al cosl aThJ >Jbsequenty mEasur8d al( orvalualon, ol depredation and any Irrpairrrent losses. Dvprwiaith is i¥¢oyntsed >0 ats w1 (Ir Ltyl UWIT rwduai valutrs uselul Iwe5 on thefollowirs bases". Free L4rKI ar Ik"n9$ FtureS aThJ fittg$ 1% on COSI Swhtlr 20% straohllir The or Ioss arising Ihe di5pKKal ofan a55et Edeie[[nwd as Ihe¢iffeTetKe sa1E pcEedS and th& cayryng value ofthe awt. ar is in ts stateffwolfiwu activities. 1.8 lrnpawrnerrt Off assets Al tra¢h report)g ano dai&, Ihe charityr8w8ws arTh)Lfftts OIrf r3 Ye asts$ to whether Is any hndication thatlhose aSSS have suffered imparmenl kss. If any irMScation eXJ. recover arnount of the asset 15 estirnated i>rder lodetetriine the extenl iTh¥>aittrth k)s51rf anyj. 1.9 Cash cash equivalEnts Cath arQ ¢ath ewivaltnts in h8rwJ. eall baths. Olhei slknt-term ligJkl Invments ongn81 m8iwrfs elltrffee s$. ba(wdrafts. Barth wdrafts are rythfft borThings In current liabilthes. 1.10 Flnanclal in%tNrn•nts The chanty has eCkd to aprAy prS of seth 11 Fnar#ial Instftents' Section 12'0ther FinanGl InstrurThents Issues, of FRS 102 to 41 of ts irthjwts. Financial in5ments are YwisY in the thanr>¥ br the beo)mes paty ttecttractu proV7Th5 ofthe 1nslruTrnt Financial 35set5and habAitEsare offset. ilh the rEt arnwrbts wesented in the ffiTha slalements. when there 15 a IallY enforceablè rightto Set off Ihtr re¢tyJntsed nrxJtrt8 there is inteniN)n to Éèlde bas orto r881i%è e assEI and 5eiiie Ihe Iiablily rulOlly. Inancl •55ets BasKfinan¢l a$s8ts. irKludg debt$ cash ban babnw. inth8lly Measur 81 IT¢t)n price induding trans3d costs and are #ente at aThKrt5ed L1 UTArvJ tre effle nlerest methoJ unless ihÈ arraryemeni£onsiituteya finanon9 11Sth, WtwÈ trt traw(#KMI ts n8sured ai [sent valL oftr fvJiure receipts (*SnIed at a market 1810 of ini¥. FIrr1a1 assets cossthed a$¥Vab wthin yaar are not arnoSe.
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) Basifinancial liabilities. hycllIrVy Credit barth k)ans are irMtiatyrwTh5ed atSaction W unless the arranyèmtrni ¢slUtes a finariryJ the dd)l inssumwl ts measured al th6 pres1 vau of the future payThEntsdiscotsnted ata marka rafr of inleresL Financia IKiniÈs dasAfied as payable wrttrin ore ye¥ are not afflorbsed. Trade cr8011c 8re ol981)n$ 1¢ pay fwgcthsorsefvKXS dk41 have twi a¢qwr8¢ the tydinary course of operaions Irorn supplers. Arnounts Pw/ab are ck5silied as cwrent1thslS rt payment 15 due wrthin one year or less. If not. thÈy arp pie$enled as non4[rent kablrtEs. Trae c'etitots are [nl Initial ai ptice and SubseqUenY rneasured at a[nOrbs m AnY tseffthe rterest rr. Financial liabilthes are deretwised th3nty"s (X)rr1 3ts expKeiJrare distharged Ild. Cr116¢al a¢¢ounOrwJ È$tims ludphents In the applIcats oflhe Charity's pcloes. the trustees a rOIred lo make judgerwts. esbmgtes a)d assumplx)ns aUt1he carryiry a[uOfaSSets kablilies tlkit are not reathly appaenl from her SrCeS. estynates and assocted a&sLYnptn5We based on hi8tDrTrcd experie atherlactot5 tt Bre conSere to be relevant. Athal resuhs tnay drfler fromthese estsrnate5. The thwles reIng assumptons we reyewd ty7 8n Or W$. ReviS1rs to acuwnting estrimates are rec(vJnis¢d in the perK)d in whch Ihe esbfftale 6 re9 revts aff5 Mly Ihal p¥io(I, or in the penod or Ihe re4isK)n Tutwe per5 tsre the rpviy cts fvture In ts ¢OUTse prpan the finarti statemett rV)1Mnts hfft ten m•JB w) Ihe pro¢es$ of appl5ryry the ar¢rfs acnn9 poli thar have W a ggnrfwteffedtsi the arfwxmts rec¢wsed in fin¢1 ateMentS. Res1cle lund5 RestrLled thnatims made ki linewith Islaric rAwytior6 fcw thaiilable ging com• from doh&ion8 aNJ legxi•8 Tolal Unrestricted Re8tri¢led funds funds 2022 2022 Total fund5 2023 2023 DOnatrI ghls 153.391 3.180.941 3.334.332 35.434 1.402,723 1.438.157 12-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 knGom¢ from ¢tsr#aW¢ aVIOS Tolol 2023 Events C1knb rwiid iiiwtr 4.747 18.231 22.978 Anatysls by lund unrtrthd 22,978 O¢her In¢ UnStrIcd Unre¥tri¢tpd fL4nd5 frJnd5 2023 Olherinec¥ 5.637 Ra151rng funds Rastrkiod Unrèstri¢t•d funds 2023 Fund raisin Siaging lund raising e¥ents Fund raisin9 evWts 4.261 15.839 195 13.175 Furxl raising publ(llty 20.It 13.970 20,IfX) 13.970 13-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expfrrndttyre on tharll¢a¢fjvlOos Total 2023 DlreGt cost$ Don81r to Othertrribes 67.947 6217 Costs rdalng lore15 activities 45.278 7.945 Fcy)d bank 127.387 7,172 ShaTe of 5UPPOrt arKI governance costs Isee note 91 76.W21 8.778 204.308 15.950 Anatysls by fund unffjslrd estrthd ILWQS 94 IID.10Z 15.950 15. SuppLVt Costs 81kn¢ai8d to xovltlès 2023 2022 76.921 8.778 Anatys•d b¢twvD.' charitab activibes 76.921 8.778 10 N•t mov•m•nt kn fund5 2023 2022 Th? n81 ry¥eMl ID $18ied after thar9irWlueOtyryI'. Faes payable for lh881 dlh8thar51Ys fmarK*al sentS DepreciabDn Df (Tlld tangilE a588ts 8.959 38,726 11 Tru$ts88 None of the trwle8s any pwsws r¥w18(I th Ihemi r8cewed rwMn8r81ion Wgfits fr(¥n the charity during the year. 14-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 En¥Jbyo¢$ Thc rnontNy wmber of duriry the year wos: 2023 Nnts•r Num1 Tal Theie wei? rw) 8mrAoyseswf¥)se aMLo1 ru01)Thas Ihan £60.1NY). 13 Taxatlon The chanty Is exetrv trxon irKx>ne gainsfaling %Yrthin Sec of theTaxes Act 1988 orsectx)n 252 of ihÈ TaXn of ChargÈablÈ Gans Aci 1932tothtrÈxient Ihaiiiw e Èppl"ed 10 its th18bleobJÈ¢is. 14 Tanglbla as80ts FrnAhc4d and fithnys T47Lryl Cost AdditbJn5 6.795.275 29,175 6.824.450 At 31 0err2(y23 6.795.275 29,115 6.824.450 D•prKlation and irnpalrrnent Depreciatan charged in the year 34.210 4,516 38.726 At 31 D&Tr)er2(Y23 34.210 4,516 38.726 CarTr4n9 am( At 31 Deceer2r3 6.761.[5 24,659 6.785.724 15 Det>tors 2023 2022 Arnounts falllng du¢ wlthln or yw. OtherdÈ4)tors 1.019.677 otherdebtr*5 ir¢e a deLDsit crf £1.tXYJ.(W pak1 Ihe to a freehohj prorerty whh was awured In thesubseqwfft year. 15-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Loans ond ovrthafts 20rJ Z022 OthBrknans 2.497.503 340.(M11 PaYae within (rf year Paysbla aftei on¥ ¥r 1.867.503 335.011 Included with orher k)ans faling duE QnE year arE bjan i(Maln9 £l(YJ.(W p[Dyed by uf Suulhgae Moswe is also 8 TrLwee. The bal>)¢e was still oJlWdiry as at b8L8rtt sfEd dale. These I(n$ are Unsecur1. Intesl-free and have fvAed repayTnenldates. 17 Crodilixs.. amounts fallingthi¥ithth one yoar 2023 2022 Other knans OthercreditLKs Acwals and defwred Irw 630.OCK) 11.844 8.TCI) 6j.$44 13.700 10 Creditors.. amounts fallin9thaftermore than one ye 2023 2022 Borrowin95 1.867.503 335.LK>1 Included ryth olher knan5 falling due than year ts a k)an ol £1).1> I22. £70,CX)01 wuvided by anolher charity in which one of the Trustees of icthgale MosGue 6 •tso a Asat IFE b8iqntr $heel dale. ltrt toial lean re1vable from related paitses was [170.1 12.)22.. £70.OWl . These loans are U1[ed. Inlerest-free and have fixed repayrnenl dates. 19 Restrktedlunds The re51riCted fundsoflhe <harity ¢c#mlSe the urexrThYed baLgncesdlcffjalKnsand gwIsh on irusi sJbjecl spe¢rfK rjItn$ bydtsltyS as 10 ¢ry nw De . At 1 Januy 2023 In¢LNnlThg R•sour¢sAt 31 Dè¢omber •XP8nded 2023 1.2.123 3.180.941 1130.2021 4.45J.462 16-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Re$trictedlunth (Continued) At 1 Jants Incoming R•8oLrrc•s4t 31 D0Mber gXP8ndod 2022 1.402.723 1.402.723 20 Unroslrl¢t8d fuNIs unresirictad funds Charity torTWSt O. iha urxFend8d anC•S OT datiOnS d grants Nthich ara Ni subject to specffic condilons by ¢kn(Ks aThl grantsrs as io they rnay be used. These inclu¢e deSnated 5 whith been set aside (rt otunrestrictsd furfs by Ihe bwsteesfcrf PWFN)SttS. At l Janu 2023 R¢$our¢es4t JI December expended 2023 furMIs 5.514 1K2.IM)6 194,2061 93.314 Prgvb)u$ perf¢d: At 1 Jaowy 2022 Ro$ourcos4t 31 De¢ombor 2022 Gtrnerai funds 35.434 I,920) 5.514 21 Arbatysl¥ of no14s$9ts b9t* lunds Total lurtds 2023 2023 2023 At 31 Docembor2W23: Tangib 35s8ts Current asset{1111knesI LO[ tEn I1115 24.6S9 68.66S 6.761.065 6.785.724 1440 1001 1371.4451 11,867 3) I1.867.3) 93.314 4.453,462 4,546.776 17-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Anatysits of net assets betefi funds (Continued) Total fund8 2022 2022 2022 At 310o¢emlw2022: Tng1b a55¢ts Current 8ssetsll1olItsesI Long tE I11tS (1.402.723} 1.743.238 1335.0011 1.402.723 1.743.fJ8 1335.th)11 5,514 1.402.7Yd 1,408.7 22 C8pitsI ¢0mmion 2023 2022 AMnts ctraded for n theffinKj staen 2023 2022 A¢qui>ticn ef tYotrty. aNJ éwimnt 5.706.800 23 Related pawty ttansxtiuns Durin9 the yèar. two IlU$leès pThed k>afts lo Ire d)arity totalliThJ 10 £1.000 12022." t70,01. As at th& balart sheeid818,108ns lol19 £170.IKKI12J22." £70,(NJOl ww8 sw tyJtstsnOng. Dufjng the year. a chanty m which of the trustees 6 Jso a trustse. tYo¥vJ8d a k)an to Soutwate Mosque WKI Communty Centre J[rtng b cl.{2022.. t50.(}. As at Ihe sheet Ihe bon ¥rTh)untYarys still oUtStalng. All loans e inlerest frpe. During the ye, Iwo Itu5$ made dffiati(M5 thty antyJntir¥J to £1,3CQ. Cash generated from operati% 2023 2022 Surrlus Ic*lh8 year 3.138.539 1,408.Z37 AdiJgInts for.. Deprewban iwirwt of tOTh3tAe fixed assets 38.726 m0mentS in VA>tkJng cawbl". Decreasellincws81 F) debtors Increase In credrtors 1.019.6T7 11,844 11.019.677) ¢ash g¢nerat¢d from opwatir 4.208.786 397,260 18-
SOUTHGATE MOSQUE AND COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 25 Analys1$ of ¢hangos In no¢ dobt 2•23 Cashal bank and in harKI 737.261 1458.1621 279.(9 Loans falhng ¢Je within ong year Loans faIry L)e anerrywe than >ear 15.LVJI 1335.LXJ11 I625.() 11,532.X121 I63D,OI 11,867.S)31 397.260 12,615.6641 12,218.4041 19-
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