**Charity registration number 268524**
## **CENTRAL JAMIA MASJID SOUTHALL**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023**
## **CENTRAL JAMIA MASJID SOUTHALL**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr Imran Choudhry|
|---|---|
||Mr Mohamed Naaz Gara|
||Mr Mohammad Wahid|
||Mr Nasir Qureshi|
||Mr Muhammad Saleem|
|**Charity number**|268524|
|**Principal address**|Montague Way|
||Southall|
||Middlesex|
||United Kingdom|
||UB2 5PA|
|**Independent examiner**|Reddy Siddiqui LLP|
||183-189 The Vale|
||Acton|
||London|
||United Kingdom|
||W3 7RW|
## **CENTRAL JAMIA MASJID SOUTHALL**
## **CONTENTS**
||**Page**|
|---|---|
|Trustrees' report|1 - 2|
|Statement of Trustrees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 13|
## **CENTRAL JAMIA MASJID SOUTHALL**
## **TRUSTREES' REPORT**
## _**FOR THE YEAR ENDED 31 JANUARY 2023**_
The Trustees present their annual report and financial statements for the year ended 31 January 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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**
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The Masjid has been very successful in raising funds for natural disasters around the globe. As part of the Islamic faith, one of the pillars is to give charity in the way of God. The charity has helped a number of organisations and Masjids around the UK.
This year the mosque ensured that investment in disaster funding was fit-for-purpose and effective especially In Pakistan 19 purpose-built houses were constructed in addition to CJM Tent city and food and blanket donations.
Substantial funds were also donated to Afghanistan, Indonesia, Bangladesh and Somalia
CJM has provided food banks to all faiths in regards ot cost of living crises, we continue on our road map to enhance these services so that we can build a relationship with our wider community so that they can also understand that Islam is a religion of Peace and all are welcome.
One of the key areas of focus has been the youth, where the charity was engaging them in more activities. Furthermore, the Charity has also been involved to provide advice and help on legal matters by the Solicitor. In addition, the Charity also provides the community help in gaining the attestation of Passport, Photos and travel documents.
## **Fouz School**
CJM has state of art provided educational system which prepares today’s children for life tomorrow and had the opportunity to build a close understanding and interesting making sure our community can provide a learning experience to young Muslims that is relevant and rateable for the world we live in and values of the family, community spirit and social responsibility and with interfaith communities, we continue on our road map to enhance these services so that we can build a relationship with our wider community so that they can also understand that Islam is a religion of Peace and all are welcome.
## **Renovations**
As energy costs have rocketed CJM has replaced all lighting replacing it with low led lighting and rewiring where necessary.
## **Ramadan**
CJM undertook to feed approximately 300 people on daily basis, this was fully funded by a local caterer and the congregation.
- 1 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **TRUSTREES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **Financial review**
The Treasurer has had the opportunity to review all of our energy suppliers and renegotiate our terms. This also includes our telephone and internet contracts as well. We have made considerable cost savings by going down this path.
Providing card payment terminals has been really successful as the younger generation have been able to use this service to contribute to charity. This has also contributed to our bottom line and has made our position more positive. Sufficient funds are available to permit the Charity to continue in operation
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, and such investment are held in the shape of investment property.
It is the policy of the charity to maintain unrestricted funds at a level which equates to approximately 12 months of unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least this level throughout the year.
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs. With the covid, our income dropped but we are still confident that funds will be maintained at the level soon.
The trustees actively review the major risk the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Charity and confirms that they have established systems to mitigate the significant risks.
## **Plans for future periods**
CJM has been actively involved in preparing for the upgrade and renovation of the males’ side Toilet facilities. Thinking about the needs for the future and the increase in population, adaptations have been made to reflect this as well. Good quality and durable commercial products will be used for sustainability and a fresh new clean look and feel.
Phase two of the project will look at increasing the floor place by the way of an extension which is currently being discussed with the architect.
## **Structure, governance and management**
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Imran Choudhry Mr Mohamed Naaz Gara Mr Mohammad Wahid Mr Nasir Qureshi Mr Bilal Khan (Resigned 15 November 2022) Mr Muhammad Saleem
Appointment of trustees is governed by the charity’s constitution rules. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
The Trustrees' report was approved by the Board of Trustees.
Mr Imran Choudhry **Trustee**
Mr Mohamed Naaz Gara **Trustee**
11 April 2023
- 2 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **STATEMENT OF TRUSTREES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 JANUARY 2023**_
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year in preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates the reasonable prudent;
- state whether applicable accounting standards and statements of the recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. 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.
- 3 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF CENTRAL JAMIA MASJID SOUTHALL**
I report to the Trustees on my examination of the financial statements of Central Jamia Masjid Southall (the charity) for the year ended 31 January 2023.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
## **Reddy Siddiqui LLP**
183-189 The Vale Acton London W3 7RW United Kingdom
Dated: 11 April 2023
- 4 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JANUARY 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**2**
236,005
97,499
Investments
**3**
26,490
-
**Total income**
262,495
97,499
**Expenditure on:**
Charitable activities
**4**
275,420
99,803
**Net (expenditure)/income**
**for the year/**
**Net movement in funds**
(12,925)
(2,304)
Fund balances at 1
February 2022
3,132,587
31,785
**Fund balances at 31**
**January 2023**
3,119,662
29,481|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
333,504
277,685
80,925
26,490
31,294
-
359,994
308,979
80,925
375,223
266,343
63,550
(15,229)
42,636
17,375
3,164,372
3,089,951
14,410
3,149,143
3,132,587
31,785|**Total**
**2022**
**£**
358,610
31,294|
|---|---|---|
|||389,904|
|||329,893|
|||60,011
3,104,361|
|||3,164,372|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 5 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **BALANCE SHEET**
## _**AS AT 31 JANUARY 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
Investment property
**10**
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds|**2023**
**£**
**£**
1,930,936
750,000
2,680,936
50,000
419,422
469,422
(1,215)
468,207
3,149,143
29,481
3,119,662
3,149,143|**2022**
**£**
**£**
1,966,178
750,000
2,716,178
150,000
299,471
449,471
(1,277)
448,194
3,164,372
31,785
3,132,587
3,164,372|**2022**
**£**
**£**
1,966,178
750,000
2,716,178
150,000
299,471
449,471
(1,277)
448,194
3,164,372
31,785
3,132,587
3,164,372|
|---|---|---|---|
||||2,716,178
448,194|
||||3,164,372|
||||31,785
3,132,587|
||||3,164,372|
The financial statements were approved by the Trustees on 11 April 2023
Mr Imran Choudhry **Trustee**
Mr Mohamed Naaz Gara **Trustee**
- 6 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **1 Accounting policies**
## **Charity information**
Central Jamia Masjid Southall is an unincorporated association.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as resources 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.
## **Charitable activities**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
## **Governance costs**
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its audit fees and costs linked to the strategic management of the charity including trustee expenses.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Building is depreciated at 2% per annum. Freehold land is not depreciated Fixtures and fittings 20% reducing balance Motor vehicles 15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Investment property**
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 8 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 9 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **2 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
203,707
97,499
Legacies receivable
32,298
-
HMRC JRS Grant
-
-
236,005
97,499
**Donations and gifts**
General donation
203,707
97,499
203,707
97,499|**Total**
Unrestricted
Restricted
funds
funds
**2023**
2022
2022
**£**
£
£
301,206
180,430
80,925
32,298
77,939
-
-
19,316
-
333,504
277,685
80,925
301,206
180,430
80,925
301,206
180,430
80,925|Total
2022
£
261,355
77,939
19,316|
|---|---|---|
|||358,610|
|||261,355|
|||261,355|
## **3 Investments**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
||**£**|**£**|
|Rental income|26,480|31,294|
|Interest receivable|10|-|
||26,490|31,294|
- 10 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **4 Charitable activities**
|Staff costs
Depreciation and impairment
Sadaqah
Sundry expenses
Ramadhan expenses
Investment property expenses
Funeral and Madrasa
Share of support costs (see note 5)
Share of governance costs (see note 5)
**Analysis by fund**
Unrestricted funds
Restricted funds
**For the year ended 31 January 2022**
Unrestricted funds
Restricted funds|**2023**
**£**
45,639
35,242
99,803
3,549
11,046
-
53,744
249,023
112,647
13,553
375,223
275,420
99,803
375,223
266,343
63,550
329,893|**2022**
**£**
55,504
36,462
63,550
3,750
2,352
4,474
81,558|
|---|---|---|
|||247,650
57,130
25,113|
|||329,893|
|||266,343
63,550|
|||329,893|
||||
## **5 Support costs**
|Masjid running expenses
Accountancy
Legal and professional
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
112,647
-
-
780
-
12,773
112,647
13,553
112,647
13,553|**2023**
**£**
112,647
780
12,773
126,200
126,200|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
57,130
-
-
780
-
24,333
57,130
25,113
57,130
25,113|**2022**
**£**
57,130
780
24,333|
|---|---|---|---|---|
|||||82,243|
|||||82,243|
Governance costs includes payments to the accountants of £780 (2023 - £780) for accountancy fees.
- 11 -
**CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **6 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or payment of expenses during the year
## **7 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs|**2023**
**Number**
2
**2023**
**£**
44,687
952
45,639|**2022**
**Number**
3|
|---|---|---|
|||**2022**
**£**
54,426
1,078|
|||55,504|
There were no employees whose annual remuneration was more than £60,000.
## **8 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **9 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
|**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 February 2022
2,520,494
114,574
12,565
At 31 January 2023
2,520,494
114,574
12,565
**Depreciation and impairment**
At 1 February 2022
579,952
91,556
9,947
Depreciation charged in the year
30,246
4,603
393
At 31 January 2023
610,198
96,159
10,340
**Carrying amount**
At 31 January 2023
1,910,296
18,415
2,225
At 31 January 2022
1,940,542
23,018
2,618|**Total**
**£**
2,647,633|
||2,647,633|
||681,455
35,242|
||716,697|
||1,930,936|
||1,966,178|
- 12 -
## **CENTRAL JAMIA MASJID SOUTHALL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2023**_
## **10 Investment property**
|**Fair value**
At 1 February 2022 and 31 January 2023
Freehold
**11**
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals and deferred income
**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 31
January 2023 are
represented by:
Tangible assets
1,930,936
-
Investment properties
750,000
-
Current assets/(liabilities)
438,726
29,481
3,119,662
29,481|**Total Unrestricted**
**funds**
**2023**
**2022**
**£**
**£**
1,930,936
1,966,178
750,000
750,000
468,207
416,409
3,149,143
3,132,587|**2023**
**£**
750,000
**2023**
**£**
435
780
1,215
**Restricted**
**funds**
**2022**
**£**
-
-
31,785
31,785|**2023**
**£**
750,000|
|---|---|---|---|
||||**2022**
**£**
750,000|
||||**2022**
**£**
497
780|
||||1,277|
||||**Total**
**2022**
**£**
1,966,178
750,000
448,194|
||||3,164,372|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 13 -