2023-03-31-accounts - Islamic Culture And Education Centre Battersea

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31 March 2023
					2022
Fixed assets
Tangible fixed assets				1,969,622	1,928,677
Current assets
Cash at bank and in	hand.		268,489		231,015
Creditors: amounts	faHing due within one year	,12	44,352		44,352
Net current assets				224,137	186,663
Total assets less current liabilities				2,193,759	2,115,340
Net assets				2,193,759	2,115,340
Funds ofthe charity
Restricted funds Unrestricted funds				6,268 2,187,491	5,453 2,109,887
Total charity funds				2,193,759	2,115;340

Year ended 31 Nlarch		2023
				2023	2022
Cash flows from operating		activities
Net income				78,419	92,034
Adjustments for:
Depreciation oftangible fixed assets				1,453	936
Government grant income				(11,855)	(28,546)
Accrued expenses					18
Changesin:
Trade and other creditors					(5,000)
Cash generated from operations				68,017	59,442
Net cash from operating activities				68,017	59,442
Cash flows from investing		activities
Purchase oftangible assets				(42,398)	(17,392)
Net cash used in investing	activities			(42,398)	(17,392)
Cash flows from financing		activities
Government grant income				11,855	28,546
Net cash from financing activities				11,855	28,546
Net increase in cash and	cash equivalents			37,474	70,596
Cash and cash equivalents		at beginning	ofyear	231,015	160,419
Cash and cash equivalents		at end ofyear		268,489	231,015

					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2023 f
Donations
Donation	& collection				110,902		110,902
Donation	&collection-Ramadhan-provision			for Iftaar	2,167		2,167
Donation	& collection-Building project
Donation	&collection-Funeral fund						815
Donation	&collection-Food bank
Grants
Government		grant income- Mosque activity				6,355	6,355
Government		grant income- Youth	activity			5,500	5,500
Subscriptions
Contribution,		fees 8 subscription	-Mosque	activity	46,352		46,352
Contribution,		fees & subscription	-Youth activity		30,901		30,901
					190,322	12,670	202,992

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
Donations
Donation	8 collection				111,796		112,661
Donation	&collection Special
Donation	8 collection-Building		project		5,000		5,000
Donation	8 collection-Funeral		fund
Donation	8 collection-Food bank					1,650	1,650
Grants
Government		grant income- Mosque activity				19,976	19,976
Government		grant income- Youth		activity		8,570	8,570
Subscriptions
Contribution,		fees 8 subscription		- Mosque activity	34,076		34,076
Contribution,		fees & subscription		-Youth activity	22,718		22,718
					173,590	31,061	204,651

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
			K
Calendar,	books 8 food sales - Youth
activity Calendar,	books 8 food sales-	870	870	1,107	1,107
Mosque activity		2,029	2,029	2,583	2,583
Letting and	licensing	36,241	36,241	36,583	36,583
		39,140	39,140	40,273	40,273

Expenditure on charitable activities	by fund type
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	F
Mosque activity	80,638	6,355	86,993
Youth group activity	63872	5,500	69372
Support costs	7,348		7,348
	151,858	11,855	163,713
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
		F	F
Mosque activity	66,123	17,038	83,161
Youth group activity	52,043	8,570	60,613
Support costs	9,116		9,116
	127,282	25,608	152,890

Expenditure on charitable ac	tivities by activity type
	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2023	2022
Mosque activity	86,993	4,232	91,225	88,631
Youth group activity	69,372	3,116	72,488	64,259
	156,365		163,713	152,890

Net income	Net income	Net income
Net income is stated after charging/(crediting):
			2023	2022
Depreciation oftangible	fixed assets		1,453	936
Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2023	2022
Wages and salaries Social security costs			107,128 2,651	87,532 4,294
			109,779	91,826

r ended 31 March 2023 Tangible fixed assets
	Land and	Fixtures and
	buildings f	fittings	Equipment	Total
Cost
At 1 April 2022	1,923,373	50,752	30,126	2,004,251
Additions	38,013	4,385		42,398
At 31 March 2023	1,961,386	55,137	30,126	2,046,649
Depreciation
At 1 April 2022		48,463	27,111	75,574
Charge for the year		1,001	452	1,453
At 31 March 2023		49,464	27,563	77,027
Carrying amount
At 31 March 2023	1,961,386	5,673	2,563	1,969,622
At 31 March 2022	1,923,373	2,289	3,015	1,928,677

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows:
				2023	2022
Recognised	in income from donations	and legacies:
Government	grants income			11,855	28,546

	Restricted	funds
									At
						At			31 March 20
						1 April 2022	Income	Expenditure	23
	Restricted	Fund				5,453	12,670	(11,855)	6,268
									At
						At			31 March 20
						1 April 2021	Income	Expenditure	22
								F
	Restricted	Fund					31,061	(25,608)	5,453
15.	Analysis ofnet assets between funds
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2023
									F
	Tangible fixed assets						1,969,622		1,969,622
	Current assets						262,221	6,268	268,489
	Creditors less than			1	year		(44,352)		(44,352)
	Net assets						2,187,491	6,268	2,193,759
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
							F
	Tangible fixed assets						1,928,677		1,928,677
	Current assets						225,562	5,453	231,015
	Creditors less than			1	year		(44,352)		(44,352)
	Net assets						2,109,887	5,453	2,115,340
16.	Analysis ofchanges				in net debt
									At
							At 1 Apr 2022	Cash flows	31 Mar 2023
							E
	Cash at bank and		in	hand			231,015	37,474	268,489