REGISTERED CHARtTY NUMBER: 293023 REPORT OF THE TRusfEFS AI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR THE ILFORD MUSLIM SOCIETY Prestons & Jo¢ksons Parlnerthp LLP 364 . 368 CranbTook Road Ilford Esscx JG2 6FrY
THE ILFORD MUSLIM SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Pt Report of the Trnitvs IDdependeDt Examlner'i Report St#ttment of Flnnclal Activitiei Stfitemmt of FlnaDell PNltlon Notes to the Flnancll StstemeDts 9 to 16 Det•llcd S¢temenl of Fln*Dcl•l Acthrftlei 17 to 18
THE [loRD MUSLIM SOCIETY REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31 MARCH 2023 The trust¢es present their rcN)rt with th¢ fll)aD¢ial stat¢DKnts of the charity for the year ended 31 March 2023. The trustees bave adopied the provisions of A¢ntIng and R¢p)rting by Charities.. Stst¢menl of Recomnded Prnai¢e ¥pplicabl¢ to ¢h4rities prepari their accounts in accordance with the Financial Reporting Standard appIlble ID the UK and Republic of Ireland (FRS 102) (effective l January 2019). The Soclety The Ilford Muslim Society. a registered cl]arity in the UL wa5 fotm¢d in 1978. The Ilford Muslim Sociery is known as Masjid-E-DA%vatul Islam and also known as Balfour Road Mosque was purcbascd in 1986. The Society's purpose is lo advartt the Islamic faith through ihe PTovision of a wide ronge of spiritual. educational and Social servicu enriched with Islami¢ valu¢s that fvlfil the needs of the Muslim and the wider community. The Society 1$ 8ov¢rn¢d by th¢ Constiwtion w.Ch set out the rules and aims of lh¢ Socicry. OBJECTIVES AIYD ACTIVITILS Objectives and aimi Our Yision is io b¢come • Centrc of ¢x¢ell¢n¢¢ for l$lamic levnin8 and practice prL)vidin8 a beacon for both Muslims and other finch communiries who wish to gain * deepeT knowledge under$W)ng of Islam- place where one Can expenence and embrA¢e the 8enuin¢ beauty of our faith. Thc Society provides number of 8ervices ¢0 the Muslim and wider community. S¢rvi¢¢$ include.. - Five congregational PrnyCTS iticluditig and Eid prayers - Madrassa for children aged 4 112 upwarts - Nikah {marria8e) services - AlS1ll¢¢ in Funcral s¢rvi¢¢s - Spiritual development - Youth and Social Development MLsjid Visits - Arabic cla4ses for males - Quran ¢lwes for women - Hifz classes (memorisalion of the Quran) Publ1¢ beneflt The TnJ5tees confllm thai thcy have coD]plied with the duty in 8ection 4 of the Charities Aci 2011 to have due regard to public benefit guidance publish¢d by the CommiSSiOD in dctennining the activities undertaken by the Charity. Page I
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENT AND PERFORMANCE Chxr5tible ctlvllks There were a number of highlights thTOU8hout the ye•r. li8ted below arc some of the kry highlights which continued from last year. Food donation$ with he set up of an essentials hub to provid¢ fth)d and other essentials for those requiring assistance during thc c08tvof-livin8 Crisis. A number of renowned SFthers deliv¢red inspirnlional lectures to the mosque cowe8atioTh A Dumber of speaker's tar8eied issucs rciated w th¢ youth. This year 2022123. the Community Iftaar or the "BreakiD8 of th¢ fast" w48 held at ih¢ Mosque. Sanatayl Classes . This is a Structu 2.ycar urse to increase the student's Islamic knowledg¢. Aerfvllles for youngsters ¢ODtlnue to be org#nlztd And the soclety 1$ workJDg well wlth a lo¢#1 youth ¢h#rlty ¢xlled 'Off the Streets,. Thls InltlathFe ly locuiing OD the following ctiviti¢i: - Weekend football training - Cycle worksh¢)ps cycling club - Days out We are in the process of making this a fonnlll set up. Regular Cycle nms are now i•king place for both the youth adult8. Salaat (Prayer) times are uploaded to smartphonc apps viz.. Trdasjid Timetable, and Mymosque, The coming year will sec a fo¢ on the property on Bajfour Ri>ad to reDOt this in accordance with planning pernii88ion. Fund raise colleciion have been organised for this project and initial PlaT drawn up and dIU$$¢d. FINANCIAL REVIEW Re$erve¥ poliey Reserves are n¢ed¢d to brid8e the gap between the sFnding and r¢c¢iving of income and to cov unplanned emergency T81T$ and other expenditure. The society aveTrge T1bthlY sp¢ndin8 was £17,500 (2022: £21.650) per month thlling year ended 3 Is¢ M*rch 2023. The trnstee8 consider that the ideal level of res¢rves would cover six months spending which is approximately £105,000. Reserves a8 at 31st Marcb 2023 amounted 10 £2.978.294 (2022.. £2,854,745). The trustees wnsid¢r th¢ 50(l¢ty is in a healthy position to continu¢ SLWrt the soci¢ty objectives. Page 2
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FINANCLAL REVIEW Flnnte The Exc¢]ve Commirt¢¢ di%us8¢s Ill financial matters when thc nccd arisc5 in the monihly management meetin8S. The S(iety has impl¢m¢nd its (JWT strici fiDanci2I procedures to ensure all assets, inch18 money to us¢d responsibly. The Society adheres to Money Laundering Rcgulaiions. Incom¢ raised from the Societys activities 1$ usually used to cover * least part of the njnning cost. General running costs aTe financcd through donations 4nd fund rnising ¢v¢nts. Lloyds is the principle bankeT for the siety ixrt an account is also held with Barcla Bank. The society have reiained a fijnd of £2.978.294 (2022: £2.854.745} as at the year ended 3 1st March 2023. PROPERTY RELATED MATTEILS Until December 2022. all freehold proF¢rtics wer¢ held in Int by fOrnr trusteey on beh41f of ihe llford Muslim Society charitsble tnt. From Dec¢mb¢r 2022 onwarits, this hL8 now changed. All properties are now held by a company• Limit¢d by Guarantee. Ilford Muslim Society limiied. This Compgny now holds the proi)¢rties in trust for the charity. The iitle deeds hav¢ b¢¢n amended to reflect this ch8n8e for all the properties. This is bcin8 pro¢e$sed by th¢ Land reBistry and records will refleci the new posiiion a$ soon as th¢ L4nd r¢gistry Upda ibe public records. FUTURE PLANS The ¢onstru¢tl•n and renovailon of 106 Balfour IGI 4JE Plans are under discussion to usc this as 4 well needed community centre which will serY¢ the cotDmunity. This project is lW at 4 plannin8 approval stAg¢ with the loc1 council. The Society also wishes to in¢rease the servic¢8 to the Muslim and wi&r comDMmity. The Society wishcs to pursue activili¢s to promote 80cial and Islamic values. For ihis rell, Ihe Society is currently lookin8 at g¢1iviti¢s that Can build a social fabric within thc Valcntincs Ward that we can all be Proud of. The Society is also looking lo impTove sernices foT womett of the lo¢ Community. by encouraging participation of women in tivItieS run or hosted by th¢ soci¢ty. Good PTogr¢s5 has bccn mAd¢ on this project during 2021122, with consultation with the con]munity now ¢ompl¢frd. During the end of 2023, we hope lo have compleled and Tecciv¢d all planning wilh the local council and commenced work. STRUCTURE, GOVERNANCE AND MANAGEME GoverDlng do¢ument The charity 18 controlled by it5 governing do¢unrt & deed of trust and WJLStitutes an unincorpor8t¢d hatity. Page 3
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The charlty is ¢ontrollcd by its gov¢rning d(um¢nL 4 deed of and conslitules wl wiincoOr8trd Charity. As reported 14st year the structure of the charity is under int¢rn81 review alld di5CUssioD, we end¢avour to change our Sttllre in accordaD¢¢ with Charilie5 coll]mission guidelines and recommended practice over the coming ycaT5. The existing UlliJKOryOTad clwity is considered to be out of date and is currently under review. Recrultment nd appolnlmtnl of new trnitees The Trustee5 of the Society who hav¢ the overall responsibility for the Tnt hold the office for three year5 and need Lo b¢ r¢4lccted after their t and serve foT 4 m4xTmurn of two consecutive t¢rnis. Tb¢ Executive Commirt¢e is r¢4lected every three years ai the societys AGM. The ExCtIve Committee bave overdll Control and managemenl of the Society. Th¢ Ex¢culive Committtt includes four office Bearers.. Manlgemettt #ttd Stsff The man88enni of lh¢ day404ay activitics of th¢ Tn1 falls within the remil of the Executiv¢ Cornmitt¢¢. Any escalations arc mad¢ by the Executive Committee to the Trustees. The Executiv¢ Committee mect once a monih or mor¢ as Tequired. The Society has approximatcly 25 eryloyee5 on pa011 who lar8¢ly wnsti¢ule of teaching staff. A number of Sub comrnitiees aTe empowered to manage the diffeTent activities within ihe Society. The Madrdssa Committee will liaise direfflly wxth the Madrassa head in all mallcrs pcnaining to the M&drn8sa for exAmple. All Staff within the lety are mandaiory io havc CDB check5. REFERENCE AND ADMINISTrATTVE DETAiLS Reglstered Chirlty Dumber 293023 Prlnelwl *ddre•i 112 Balfour road Ilford E5S¢X IGI 4JE Page 4
THE ILFORD MUSLIM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 'rrustees Mr Faruq Ismail Fth Zuid Ali Vakil Mr SS K8rbhari Executive Committtt Mr Babhir Patsl (Chairtnan) Mr In]ran Ibrahim Mr Dil&wcr Bapuji Mr Imran Ayubson (Secretary) MT Ayub Da5u ITrcasur¢r) MT Nacern Karbhari Mr Gulam Ghani Mr Usman Natha Society Advi$¢ ArehitectS The Society works closely with Architorioum QD iswH reknhDg to the consttu¢tion projl. Independent Examlner Mr A Patcl, BA (Hons). FCA. BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Jlford IG2 6HY 3011112023 Approved by order of the trM)8rd of truslces on........................ . and signed on its beh&lf by: Trust¢¢ g T txl Pag¢ 5
INDEPENDENT EXAMII%ER'S REPORT TO THE TRUSTEES OF THE ILFORD MUSLIM SOCIETY Jndependent examiner's report to the trustees of Tht Ilford MDslim Soeiety I r¢port to the charity trust¢cs on my ¢xaminatson of th¢ accounts of Thc llford Mus1iD) Society (the Tntyt) for the year ended 31 March 2023. Re8poMsibillties #nd b#sis of report A5 the choTity trustees of the TnLSÈ you Tf5ponsibl¢ for thc prwtioD of th¢ •C¢OUDts 7n OrdanCe with Ihe r¢quirem¢nis of th¢ Charities Act 2011 (Ihe Acf). I rq)ort in respect of my examiMtion of th¢ Tnwt's a¢counts carri¢d out un&r S¢etion 145 of the Act in carying out my examinalion I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Au. IDdependeDt eiamlller's Jtatement Since your cbaritys gross incorne exceeded £250.tKIO YOUT examiDeT musl be a mcmber of a listed body. I n confirn] that l am qualified lo undertake the exomin81ion beuuse l am a member of th¢ tnstitute of Chartered Accouniants in England and Wales, which is one of the listed both'e5. I hav¢ ¢4)mpleted my examination. I confirn) that no matrTial have com¢ to my attention in nnection with the examination giving me ¢ause to believe that in any maierial re$pe¢t'. accounling records weTe not kept in respect of the &$ Tequired by ScctioD 130 of the Act.. ot the accounts do not accord with those records,. oi th¢ a¢¢ounts do not comply with tbe applicable requir¢nKnts ¢oncerniDg the forni and contcnt of accounts set out in the Charilies {Accounts and RePS> Regulalions 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 examiDallOn. I have no D¢ett and bave ¢ome ACTOSS DO other matters in colu¢t10n witb the examination to which attention should be drawn in this repon ID order w enable a proper understandin8 of the Ounts lo be r¢ached. Mr A Patel, BA (Hons), FCA, BFP Pr¢stons & Jacksons PArtnership LLP 364- 368 Cranbrwk Road Ilford Essex IG2 6HY Pag¢ 6
THE ILFORD MUSLIM SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 31J23 Total funds 31.3.22 Total Unrestrirtcd Restricted fid Notes IIYCOME FROM DOnlon$ 190,449 190,449 157224 Cbarltble 8ctlviti Madrassa Receiver 177.934 177,934 725 187.775 550 Tot1 369,108 369,108 345,549 EXPENDITURE ON Charltxblt *dlvltleJ Madrassa Mosque & comMlIY 184, 6072 184,987 60J72 166,420 58,270 Tol•l 24559 245J39 224.690 NET INCOME 123349 123549 120.859 RECONCILIATION OF FUNDS Total fund8 brought forward 2054,745 2,854.745 2,733,886 TOTAL FUNDS CARRIED FORWARD 2,978294 2,978,294 2,854,745 The notes fomi part of these fllwicial Statements Pag¢ 7
THE ILFORD MUSLIM SOCIETY STATEMEiYf OF FIIYANCIAL posrrIoN 31 MARCH 21b23 31Ja3 31.3.22 Notes FtXED ASSETS TRngYble Sets 10 2.132.748 2.149.060 CURRENT ASSETS Debtors Cash ot baDk and in h8nd 14J14 855,910 724.161 870,224 724,161 CREDITORS Amounts falling due within one year 12 (24,678) (18,476) NET CURRENT ASSETS 845546 705,685 TOTAL ASSETS LESS CURRENT LIABILITIES 297&294 2,854,745 NET ASSETS 497&294 2,854,745 14 Unr¢stri¢*d fund$ 197&294 2.854.745 TOTAL FUNDS 1978294 2,854,745 The financial ststements were approved by the Board of Trnstres and authori1 for is8ue on ..2011.112Q23. .. and were signed on its behalf by.. TSlee l F4 vLli Tn1¢¢ £g Lorbtriayi The notes forn] part of fiDancial statements Page 8
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLIC Basil of preparing the financial statements leent of ioitig ¢ott¢¢rn The financial stalements of the cbariiy, which is a pttblic benefjt entiiy under FRS 102. bRve been prepared in accordgnce with the Charities SORP (FRS 102) 'Acc4Xmting and Reporting by Charities.. Statement of R¢comm¢nd¢d Pr8¢ti¢e applicable to ¢haTities PT¢paring their accounts in aC¢OTdance with the FinaDcial Reporting StsDdaTd applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, FRnarteial Rep)rting Slandd 102 The Financial Reporting Siwjdard ar4>1icable in ihe UK and Republic of Ireland, and the ChaTilies Act 2011. The fjnancial stat¢m¢nts have been pr¢pfir¢d und¢r the historical cosi ¢onv¢ntiOn. Golng ¢on¢trD The chairty $utri¢i¢nt fimds to Mntinue opeTating and provide ser4i¢es to the Community. It is foT these reasons the accounts have been Prepad on a going concern bls. IM¢ome All income is reco8nised in the Statement of Financial Activities once the charity has entitlemenl ¢0 the fimds, it is pmbable that thc income will be received and the amount can be measured rcliably. DonFJlions aTe recognised when Tecteved. madr income is recognis¢d on a recievable basis. Gift aid is reco8$¢d on a r¢¢ievable basis. ExpeDdltur¢ Liabilitia 4r¢ recols¢d as expenditure s soon as there is a le8al or constrnttive obligatioD commirting the charity to that expendittwe, il is probable th414 transfer of e¢onomi¢ benefits will be required in settlemeni And the amount of the obli8alion can be Meured rcliably. ExpenditUTC i& accounted for on an aC¢nlS btsis Ind h&% been ¢1&%3ificd 4thd¢r h¢ading5 that aggregate 011 cost related to thc catcgory. Wbere costs caDnOt be directly attribuled to pBrticuiar headings they have Ix¢n allo¢ated lo activities on a basis consisient with the use of resowces. Tnglble red 451ets Tangible f¢ &%seis ar¢ stated at hisforical COM les8 accumulated depreciaiion and any accumulated impairment 105ses. Historical CO includes expenditure thAt 1$ directly attributable to bringing the asset to ihe l(Kation and condition necessary for it th be capable of operating in the manrKr intended by managenxnt. Ikpyeciation is Charg 30 u to allocate the costs of assets less their r¢sidual value oveT their cstimalcd useful Iivcs, using either a straigkn line or r¢du¢ing balan¢¢ nthod, as indi¢ated below. Depreciation is provided on the following bfisis: Freehold property - l•/0 on cosl Plant and machiDery - 250/0 on cost The as$eVs residual values. useful lives and depreciation MethIS are Teviewed, and edjusted prospectively if appropriate, or if th¢ 15 an iT)dication of 8 significant changc sin¢¢ thc last TCPQrtiDg dale. Tai¥Jtlon The charity 15 exempt from tax on its clwitable activities. Pag¢ 9 Continu..
THE ILFORD MUSLIM SOCIETY 14OTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR EIWED 31 MARCH 2023 ACCOUNTING POLICILS- eontinued Fund g¢countlng Unrestricted funds can b¢ wed in accorthe with thc chan'tsblc objectives at the discr¢tion of the ijstees. Restricted funds caD only be used for pani18r restricted PUTP05es within the objects of the charity. Restsictions arisc specified by the donor or when funds are Tais¢d for particular restricted puTroses. Further explanation of th¢ nature And purp of ea¢b fund is included in the notrs to the fin4n¢io1 st#t¢m¢nt5. Debtori Basic financial assds. in¢luding trade and other debr& are initially recognised ai transaction price. unless the affangement constitutes a financing tractiO Whe the transaction is measured at the present value of th¢ future reccipts dis¢ouJJied at a mY4rkth rate of int¢rest.Such a&sets are subsequently CrIed al &morti5ed cost Usin8 the effective int¢r¢M Metho les$ any impairn)eni. P¢wlon roits And other poi¢4etlrement btthefits The charity opcratcs a defiD¢d ¢ODtribuuon p¢nsion scheme. Contributions payable lo the charitys pension 8¢hwne are ¢h•r8ed io the St*tement of Financial Aciivities in thc prriod lo which they rcl&lc. Credltors Basic fInala1 liabijitics. iDcludiDg trade and otber ¢redilOTS, loaDS from third parties gnd104ns from related parties, are initially recognised at transaction pri¢e. unless the arrnngemeni eonstittltes o financing transaction. wher¢ thc dcbt in$trumcnl is measured al the pr¢s¢nl volu¢ of the fvture payments discounted at a market rate of int¢rc$t. Such instrumems are subsequently carried at amonised $1 using the effective Intere ttktho¢L less any itnpainnenl. DONATIONS 31J.23 31.3.22 Gift Aid Donations 13,809 143,415 190349 190,449 157,224 Pagc 10 continued...
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2023 DONATIONS- ¢ODtiDued GTants receivd inChCa in the aix)v¢. are as follows: 31J23 31.3.22 Friday CollKtion Lillah Nikah Fee5 60,746 108.S45 4243 13,415 3(10 98.176 21,373 3.521 9,845 10,500 Metnbership Ftts 190,449 143,415 INCOME FROM CHARITABLE ACTI 31J23 31.3.22 Activity Madrassa Receiver Madrassa fee Sale of receivers 177,934 725 187,775 550 178,659 1118,325 CHAIUTABLE ACTIVITIES COSTS Support costs (sce note 5) DiTCCt Cost8 Tolals Madrassa M05que & cgmmunity 184.987 45,919 184,987 6072 14.653 230,906 14.653 I4559 Pagc 11 continued...
THE ILFORD MUSLIM SOCIETY NOTES TO THE Flh'ANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 SUPPORT COSTS Governance ¢os¢s Finance Totals Mosque & community 322 14J31 J4,653 TRUSTEES, REMUNERATION AND BENEFITS There wwe no trust¢¢s' remuneration or Oth befits for the y¢ar ¢nd¢d 31 March 2023 nor for the year ended 31 March 2022. Tnstee$' expeniei There were no trSte¢S, cxpenses paid for the year ended 31 March 2023 nor for the yethr ended 31 Matth 2022. STAFF COSTS 31J.23 31.3.22 Wages and salaries Qmher pension costs 179,553 2,177 162256 1,900 J81,730 164,156 The averng¢ monthty nuDJbcr of ¢mploytts during th¢ y¢aT w86 8$ follows.. 31J.23 33 31.3.22 36 ChaTltabl¢ A¢livities Administration 34 37 No cmploy¢¢s rc1Ved ¢molumcnts in cx¢c&s of£60.(. Page 12 continued...
THE ILFORD MUSLIM SOCIETY NOTES TO THE FI,ANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIV]TIES 31.03.2022 UnTestricted Restrithed Total fimd fi]nds INCOME FROM Donations 157224 157.224 Charitable *ttivities Madra&8a Receiver 187.775 550 187.775 550 Total 345.549 345.549 EXPENDITURE ON Ch•rltable a¢tI¢l Madrassa Mosquc & cijmmunity 166,420 58270 166,420 58,270 Totil 224,690 224,690 NET INCOME 120.859 120.859 RECONCILIATION OF FUNDS Total funds brought forward 2,733,886 2,733.886 TOTAL FUNDS CARRIED FORWARD 2.854,745 2.854,745 KEY MANAGEMENT PERSOIYNEL The Key Management PersoDnel comprise of the Board of Tnlstees. Page 13 (wtinueiL..
ThE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2023 10. TANGIBLE FIXED ASSETS Fr¢¢hold Plant and property machinery Totals COST Ai l April 2022 and 31 MaTch 2023 2Jlg.069 20349 2J39J18 DEPRECIATION At l Apnl 2022 ChaTge for year I7021 16,184 19.737 128 190258 16J12 Ai 31 March 2023 186.705 19.865 206J70 NET BOOK VALUE At 31 March 2023 13U64 2,132,748 At 31 March 2022 2.148.548 512 2,149,060 11. DEBTORS: AMOUNIS FALLING DUE WITHIN ONE YEAR 31J23 31.3.22 Other debtors 14J14 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.23 31.3.22 Taxation and 50¢ial security Other creditor8 20,640 4,038 14,594 3,882 24,678 18,476 13. A]IALYSIS OF NET ASSETS BETWEEN FUNDS 31J.23 Total funds 31.3.22 Total fiinds Unrestricted Restricted fund Fixed ass¢ts Currcni assets CuTrent liabilities 132,748 870324 (24,678) 2.132,748 870324 (24,678) 2.149.060 724,161 (18,476) 2978294 2J7&294 2,854,745 Pag¢ 14 continued...
THE JLFORD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2023 14. MOVEMENT IN FUNDS Net movement in funds At 3113123 At 114122 Unrextrlrted funds 2JS4.745 123549 2.978294 TOTAL FUNDS 2J54,745 123,549 2,978294 Net movement iti fimds, included iti Ihe aknve arc as follow8: Incoming Resource5 Movement resources expended in funds Unratrltitd fundi G¢neral fimd 369.108 (245,559) 123549 TOTAL FUNDS 369.108 (245,559) 123Y9 Cornparadves for movement In funds Net movemenl in funds Ai 3113122 Al 114121 Unreitrlet¢d f¥• 2,733,886 120.859 2.854,745 TOTAL FUNDS 2,733,886 120,859 2.854,745 Comparative net movement in funds, inchjded in the aEK)ve are as follows: Incomin8 Resources Movement resources expended in fimds Unrestricted fuDds General fjjnd 345,549 (224.690) 120,859 TOTAL FU,Ds 345,549 (224,690) 120,859 Page 15 continued...
THE ILFORD MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMEN13 - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2023 IS. RELATED PARTY DISCLOSURES The total donation5 madc by the tru*ccs duTing the ycarwas Nil. (2022: Nil) I& INDEPENDENT EXAMINER FEES 31.03.23 31.03.22 IndepeDdcnt Exan)it)¢T F¢¢s Other PTofessioMI Fees 1300 2.400 1,200 2,500 3ffi00 3.700 Pag¢ 16
THE ILFORD MUSLIM SOCIETY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 31.3.23 31.3.22 COME Gift Aid Donations 13,809 143.415 190.449 190.449 157.224 ChAr5tble ¢tlvltlei Madrassa fee Sale of receivers 177,934 725 187,775 550 178,659 188,325 Total Incomlth8 relourtei 369.108 345.549 EXPENDITURE Ch•rliable •¢dvlileJ Wa¥es Pensions Rates Insurnnce Light and heal Telephone Postag¢ and stationery Repthirs and Renewals Books & Gifts for Children C1¢0ning Fr¢ehold PTopety 179,553 2,177 7,440 1601 12,412 1,44S 2,798 1,667 3257 1,244 16,312 162,256 6,775 2,398 10.580 1,305 707 4.934 2,264 1.033 16,354 230,906 210.506 Support costs FlnD¢e Ba]th chatg¢8 322 261 Governte costs Sundries Independent Examiners Fee5 Catried forward 674 1.2(10 1,874 1.016 1.200 2.216 This page does not forni part of the Statutory financial ststements Page 17
THE ILFORD MUSLIM SOCIETY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 31.323 31.3.22 Governance costs Brought forward SubscriptioLs Oth¢r Prof¢ssional Costs 1.874 3.078 9J79 2,216 1.527 10,180 14331 13,923 Totsl resources expended 245559 224.690 Net fimcome 123,549 120.859 Thi5 page does not forn] part of the statutory financial ststements Page 18