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2024-03-31-accounts

REGISTERED CHARITY NUMBER: 293023

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE ILFORD MUSLIM SOCIETY

Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY

THE ILFORD MUSLIM SOCIETY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

THE ILFORD MUSLIM SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).

The Society

The Ilford Muslim Society, a registered charity in the UK, was formed in 1978. The Ilford Muslim Society is known as Masjid-E-Da'watul Islam and also known as Balfour Road Mosque, was purchased in 1986. The Society's purpose is to advance the Islamic faith through the provision of a wide range of spiritual, educational and social services enriched with Islamic values that fulfil the needs of the Muslim and the wider community. The Society is governed by the Constitution which set out the rules and aims of the Society

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our vision is to become a centre of excellence for Islamic learning and practice providing a beacon for both Muslims and other finch communities who wish to gain a deeper knowledge and understanding of Islam - a place where one can experience and embrace the genuine beauty of our faith.

The Society provides number of services to the Muslim and wider community. Services include:

Public benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.

Page 1

THE ILFORD MUSLIM SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

There were a number of highlights throughout the year, listed below are some of the key highlights which continued from last year.

Food donations with the set up of an essentials hub to provide food and other essentials for those requiring assistance during the cost-of-living crisis.

A number of renowned speakers delivered inspirational lectures to the mosque congregation.

Sanatayn Classes - this is a structured 2-year course to increase the student's Islamic knowledge.

Activities for youngsters continue to be organized and the society is working well with a local community. These initiatives are focusing on the following activities:

we are in the process of making this a more formal set up once the renovation of 106 Balfour road is completed

Regular Cycle runs are now taking place for both the youth and adults.

Salaat (Prayer) times are uploaded to smartphone apps viz: 'Masjid Timetable' and MyMosque'

Property related maters

The current year has seen the commencement of the renovation of the adjacent building to the main masjid building 106 Balfour Road.

This is a large project for which we have been fundraising for over two years. Along with existing funds and new donations the target fund raise was £1.2m in total. The renovation breaks down into several key stages:

We are nearing the project completion in the next 4- 6 months. The final completed building will provide extensive space for the community to gather and the charity to provide and considerably enhance its services.

Ownership of Freehold properties

During 2023 the title deeds of all properties owned by the charity were amended, all properties are now held by Ilford Muslim Society Ltd (a Company limited by guarantee) held in trust for the charity. The title deeds place restriction on any future transaction of these properties requiring the company to take instruction from the charity.

Page 2

THE ILFORD MUSLIM SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Reserves policy

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The society average monthly spending was £38,283 (2023: £20,463) per month during year ended 31st March 2024.

The trustees consider that the ideal level of reserves would cover six months spending which is approximately £229,698. The current reserves come to £3,079,962 (2023: £2,978,294) at the year ended 31st March 2024. The trustees consider the society is in a healthy position to continue support the society objectives.

Finance

The Executive Committee discusses all financial matters when the need arises in the monthly management meetings.

The Society has implemented its own strict financial procedures to ensure all assets, including money to be used responsibly. The Society adheres to Money Laundering Regulations.

Income raised from the Society's activities is usually used to cover at least part of the running cost. General running costs are financed through donations and fund-raising events.

Lloyds is the principal banker for the Society, but an account is also held with Barclays Bank.

The society have retained a fund of £3,079,866 as at the year ended 31st March 2024.

FUTURE PLANS

On completion of the construction and renovation of 106 Balfour IG1 4JE; Plans are under discussion to use this as a well needed community centre which will serve the community.

The Society also wishes to increase the services to the Muslim and wider community. The Society wishes to pursue activities to promote social and Islamic values. For this reason, the Society is currently looking at activities that can build a social fabric within the Valentines Ward that we can all be proud of.

The Society is also looking to improve services for women of the local community, by encouraging participation of women in activities run or hosted by the society.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. As reported last year the structure of the charity is under internal review and discussion, we endeavour to change our structure in accordance with Charities commission guidelines and recommended practice over the coming years. The existing unincorporated charity status is considered to be out of date and is currently under review.

Page 3

THE ILFORD MUSLIM SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Trustees of the Society who have the overall responsibility for the Trust hold the office for three years and need to be re-elected after their term, and can serve for a maximum of two consecutive terms. The Executive Committee is re-elected every three years at the society's AGM. The Executive Committee have overall control and management of the Society. The Executive Committee includes four office Bearers: Chairman, Secretary, Treasurer and Assistant Treasurer.

Management and Staff

The management of the day-to-day activities of the Trust falls within the remit of the Executive Committee. Any escalations are made by the Executive Committee to the Trustees. The Executive Committee meet once a month or more as required. The Society has approximately 25 employees on payroll who largely constitute of teaching staff. A number of sub committees are empowered to manage the different activities within the Society. The Madrassa Committee will liaise directly with the Madrassa head in all matters pertaining to the Madrassa for example. All Staff within the Society are mandatory to have CRB checks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

293023

Principal address

112 Balfour road Ilford Essex IG1 4JE

Trustees

Mr Faruq Ismail Mr Zaid Ali Mr IM Vakil Mr SS Karbhari

Executive Committee

Mr Bashir Patel (Chairman) Mr Imran Ibrahim Mr Dilawer Bapuji Mr Imran Ayubson (Secretary) Mr Ayub Dasu (Treasurer) Mr Naeem Karbhari Mr Gulam Ghani Mr Usman Natha

Society Advisers

Architects

The Society works closely with Architorioum Ltd on issues relating to the construction project.

Page 4

THE ILFORD MUSLIM SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Mr A Patel, BA (Hons), FCA, BFP Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ILFORD MUSLIM SOCIETY

Independent examiner's report to the trustees of The Ilford Muslim Society

I report to the charity trustees on my examination of the accounts of The Ilford Muslim Society (the Trust) for the year ended 31 March 2024.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Mr A Patel, BA (Hons), FCA, BFP

Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY

Date: .............................................

Page 6

THE ILFORD MUSLIM SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Notes
INCOME FROM
Donations
2
Charitable activities
3
Madrassa
Receiver
Total
EXPENDITURE ON
Charitable activities
4
Madrassa
Mosque & community
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
379,323
181,742
-
561,065
185,500
273,993
459,493
101,572
2,978,294
3,079,866		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 31.3.24
Total
funds
£
379,323
181,742
-
561,065
185,500
273,993
459,493
101,572
2,978,294
3,079,866		 31.3.23
Total
funds
£
190,449
177,934
725
369,108
184,987
60,572
245,559
123,549
2,854,745
2,978,294

The notes form part of these financial statements

Page 7

THE ILFORD MUSLIM SOCIETY

STATEMENT OF FINANCIAL POSITION 31 MARCH 2024

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 31.3.24
£
2,343,195
-
761,869
761,869
(25,198)
736,671
3,079,866
3,079,866
3,079,866
3,079,866		 31.3.23
£
2,132,748
14,314
855,910
870,224
(24,678)
845,546
2,978,294
2,978,294
2,978,294
2,978,294

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

............................................. Trustee

The notes form part of these financial statements

Page 8

THE ILFORD MUSLIM SOCIETY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.3.24
£
341,347
341,347
(435,388)
(435,388)
(94,041)
855,910
761,869		 31.3.23
£
131,749
131,749
-
-
131,749
724,161
855,910

The notes form part of these financial statements

Page 9

THE ILFORD MUSLIM SOCIETY

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Other
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 31.3.24
£
101,572
16,280
208,662
(1)
14,314
520
341,347		 31.3.23
£
123,549
16,312
-
-
(14,314)
6,202
131,749

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1/4/23
Cash flow
£
£		 At 31/3/24
£
Cash at bank and in hand 855,910
(94,041)		 761,869
855,910
(94,041)		 761,869
Total 855,910
(94,041)		 761,869

The notes form part of these financial statements

Page 10

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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.

Going concern

The chairty has sufficient funds to continue operating and provide services to the community.

It is for these reasons the accounts have been prepared on a going concern basis.

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. Donations are recognised when recieved. Madrassa income is recognised on a recievable basis. Gift aid is recognised on a recievable basis.

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.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Freehold property - 1% on cost Plant and machinery - 25% on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Taxation

The charity is exempt from tax on its charitable activities.

continued...

Page 11

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

2. DONATIONS

Donations
Grants received, included in the above, are as follows:
Friday Collection
Lillah
Nikah Fees
Ramadaan
Membership Fees		 31.3.24
£
379,323
31.3.24
£
61,615
297,077
5,101
15,280
250
379,323		 31.3.23
£
190,449
31.3.23
£
60,746
108,545
4,243
13,415
3,500
190,449

continued...

Page 12

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Madrassa fee
Madrassa
Sale of receivers
Receiver		 31.3.24
£
181,742
-
181,742		 31.3.23
£
177,934
725
178,659

4. CHARITABLE ACTIVITIES COSTS

Madrassa
Mosque & community
5.
SUPPORT COSTS
Mosque & community		 Support
Direct
costs (see
Costs
note 5)
£
£
185,500
-
257,518
16,475
443,018
16,475
Governance
Finance
costs
£
£
623
15,852		 Totals
£
185,500
273,993
459,493
Totals
£
16,475

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

continued...

Page 13

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable Activities
Administration		 31.3.24
£
179,263
2,187
181,450

31.3.24
33
1
34		 31.3.23
£
179,553
2,177
181,730
31.3.23
33
1
34

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.03.2023

INCOME FROM
Donations
Charitable activities
Madrassa
Receiver
Total
EXPENDITURE ON
Charitable activities
Madrassa
Mosque & community
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
fund
£
190,449
177,934
725
369,108
184,987
60,572
245,559
123,549
2,854,745		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 Total
funds
£
190,449
177,934
725
369,108
184,987
60,572
245,559
123,549
2,854,745

continued...

Page 14

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.03.2023 - continued

TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund
£
2,978,294		 Restricted
fund
£
-		 Total
funds
£
2,978,294

9. KEY MANAGEMENT PERSONNEL

The Key Management Personnel comprise of the Board of Trustees.

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Freehold
property
£
2,319,069
435,388
(251,400)
2,503,057
186,705
16,183
(42,738)
160,150
2,342,907
2,132,364		 Plant and
machinery
£
20,249
-
-
20,249
19,865
96
-
19,961
288
384		 Totals
£
2,339,318
435,388
(251,400)
2,523,306
206,570
16,279
(42,738)
180,111
2,343,195
2,132,748

continued...

Page 15

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
13.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
2,343,195
-
Current assets
761,869
-
Current liabilities
(25,198)
-
3,079,866
-
14.
MOVEMENT IN FUNDS
At 1/4/23
£
Unrestricted funds
General fund
2,978,294
TOTAL FUNDS
2,978,294
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
561,065
TOTAL FUNDS
561,065		 31.3.24
£
-
31.3.24
£
21,161
4,037
25,198
31.3.24
Total
funds
£
2,343,195
761,869
(25,198)
3,079,866
Net
movement
in funds
£
101,572
101,572
Resources
expended
£
(459,493)
(459,493)		 31.3.23
£
14,314
31.3.23
£
20,640
4,038
24,678
31.3.23
Total
funds
£
2,132,748
870,224
(24,678)
2,978,294
At
31/3/24
£
3,079,866
3,079,866
Movement
in funds
£
101,572
101,572

continued...

Page 16

THE ILFORD MUSLIM SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/22
£
Unrestricted funds
General fund
2,854,745
TOTAL FUNDS
2,854,745
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
369,108
TOTAL FUNDS
369,108		 Net
movement
in funds
£
123,549
123,549
Resources
expended
£
(245,559)
(245,559)		 At
31/3/23
£
2,978,294
2,978,294
Movement
in funds
£
123,549
123,549

15. RELATED PARTY DISCLOSURES

The total donations made by the trustees during the year was Nil. (2023: Nil)

16. INDEPENDENT EXAMINER FEES

Independent Examiner Fees
Other Professional Fees		 31.03.24
£
1,440
2,520
3,960		 31.03.23
£
1,200
2,400
3,600

Page 17

THE ILFORD MUSLIM SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£ £
INCOME
Donations
Donations 379,323 190,449
Charitable activities
Madrassa fee 181,742 177,934
Sale of receivers - 725
181,742 178,659
Total incoming resources 561,065 369,108
EXPENDITURE
Charitable activities
Wages 179,263 179,553
Pensions 2,187 2,177
Rates 8,884 7,440
Insurance 2,660 2,601
Light and heat 13,646 12,412
Telephone 1,414 1,445
Postage and stationery 3,351 2,798
Repairs and Renewals 952 1,667
Books & Gifts for Children 4,050 3,257
Cleaning 1,669 1,244
Depreciation tangible fixed assets 16,280 16,312
Loss on property redevelopment
(Demolished Old Building) 208,662 -
443,018 230,906
Support costs
Finance
Bank charges 623 322
Governance costs
Sundries 390 674
Independent Examiners Fees 1,440 1,200
Subscriptions 2,930 3,078
Carried forward 4,760 4,952

This page does not form part of the statutory financial statements

Page 18

THE ILFORD MUSLIM SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£ £
Governance costs
Brought forward 4,760 4,952
Other Professional Costs 11,092 9,379
15,852 14,331
Total resources expended 459,493 245,559
Net income 101,572 123,549

This page does not form part of the statutory financial statements

Page 19