Charity registration number: 515778
CUTCHI SUNNI MUSLIM ASSOCIATION
Annual Report and Financial Statements
for the Year Ended 31 December 2022
CUTCHI SUNNI MUSLIM ASSOCIATION
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 18 |
CUTCHI SUNNI MUSLIM ASSOCIATION
Reference and Administrative Details
Trustees Mr Talat Zeria Mr Zainul Lal Mohammed Mr Abdul Rahim Zeria Charity Registration Number 515778 Principal Office 20 Brideosk Street Manchester M8 0PN Independent Examiner Riaz Ahmad & Co Limited Chartered Certified Accountants Lord House 51 Lord Street Manchester M3 1HE Bankers HSBC Bank
Page 1
CUTCHI SUNNI MUSLIM ASSOCIATION
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022.
Objectives and activities
Objects and aims
Primary objective of the charity is public benefit in general and local community in particular through
1- Providing religeous, social and welfare opportunities and training
2- Promoting community development
Charity exists to promote community development and community cohesion.
Objectives, strategies and activities
CSMA has a steady set of activties, engaging the membership and their families in religeous activities, celebrations and events. This year has been a difficult one due to COVID 19 and the activities were significantly reduced. This has impacted on income and expenditure.
Fundraising disclosures
Funds are raised through membership fees, donations, fund raising events, hire of facilities and donations from local and central goverments.
Public benefit
The charity provides religeous, social and welfare traing to members of public as well as community development and community cohesion.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Social investment policies
The charity invests time and resources to improve the social fabric of the local community and pays particular attention to issues faced by the community at any time. For example lately COVID 19 has been a topical issue and we have worked with NHS and other agencies to promote good practices amongst the community.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
We do not make any grants.
Use of volunteers
The chairty uses volunteers to hold function, manage stalls, supervise trips etc
Financial review
Funds in deficit
There are no funds in deficit.
Page 2
CUTCHI SUNNI MUSLIM ASSOCIATION
Trustees' Report
Principal funding sources
The principal source of funding is hire of its premises, membership fees, donations, collections and grants from statutory organisations. The grants from statutory organisations in recent years has been reducing and has resulted in curtailing of some activities.
Going concern
COVID 19 had substantial effect on the activities in 2021. The acticities began to get back to normal during 2022.
Structure, governance and management
Nature of governing document
The Charity is governed by its constitution, Charity Commission rules and regulations and other public service good practices.
Recruitment and appointment of trustees
Trustees are all volunteers and selected by a recruitment commitee after meeting Patrons, Trustees and Life members. We have a stable Board of Trustees and there has been no appointment since September 2010.
Induction and training of trustees
The trustees join with their life experience and bring their particular skills. Induction is held by the officials and training and continuous development provided in house.
Arrangements for setting key management personnel remuneration
Trustees are not remunerated and do not claim any expenses.
Organisational structure
Charity is controlled by the management commitee and there is hierarchical structure.
Relationships with related parties
Trustees
Trustee have no other similair membership and there is no conflict of interest.
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Page 3
CUTCHI SUNNI MUSLIM ASSOCIATION
Trustees' Report
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Funds held as custodian trustee on behalf of others
All Charity assets are held by the Charity and no assets are held by the trustees as custodian.
Employment of disabled persons
The charity does not have any employees but is fully compliant with disability legislation requirements and ensures that every one has equal access to our programmes and activities.
Employee involvement
Charity does not have any employees.
Creditor payment policy
Creditors are paid promptly as per their creditor terms
The annual report was approved by the trustees of the charity on 31 October 2023 and signed on its behalf by:
......................................... Mr Talat Zeria Trustee
......................................... Mr Abdul Rahim Zeria Trustee
Page 4
CUTCHI SUNNI MUSLIM ASSOCIATION
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
Approved by the trustees of the charity on 31 October 2023 and signed on its behalf by:
......................................... Mr Talat Zeria Trustee
......................................... Mr Abdul Rahim Zeria Trustee
Page 5
CUTCHI SUNNI MUSLIM ASSOCIATION
Independent Examiner's Report to the trustees of CUTCHI SUNNI MUSLIM ASSOCIATION
I report to the trustees on my examination of the accounts of CUTCHI SUNNI MUSLIM ASSOCIATION for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of CUTCHI SUNNI MUSLIM ASSOCIATION 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 CUTCHI SUNNI MUSLIM ASSOCIATION's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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:
-
accounting records were not kept in respect of CUTCHI SUNNI MUSLIM ASSOCIATION as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting 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.
...................................... Riaz Ahmad FCCA Chartered Certified Accountants Riaz Ahmad & Co Limited
Lord House 51 Lord Street Manchester M3 1HE
31 October 2023
Page 6
CUTCHI SUNNI MUSLIM ASSOCIATION
Statement of Financial Activities for the Year Ended 31 December 2022
| Note Income and Endowments from: Donations and legacies Investment income 3 Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 Note Income and Endowments from: Donations and legacies Investment income 3 Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 13,773 22 16,096 29,891 (21,484) (400) (21,884) 8,007 8,007 129,738 137,745 Unrestricted funds £ 13,175 1 6,109 19,285 (11,081) (1,814) (12,895) 6,390 6,390 123,348 129,738 |
Total 2022 £ 13,773 22 16,096 |
|---|---|---|
| 29,891 | ||
| (21,484) (400) |
||
| (21,884) | ||
| 8,007 | ||
| 8,007 129,738 |
||
| 137,745 | ||
| Total 2021 £ 13,175 1 6,109 |
||
| 19,285 | ||
| (11,081) (1,814) |
||
| (12,895) | ||
| 6,390 | ||
| 6,390 123,348 |
||
| 129,738 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 15.
The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
CUTCHI SUNNI MUSLIM ASSOCIATION
(Registration number: 515778) Balance Sheet as at 31 December 2022
| Note Fixed assets Tangible assets 12 Current assets Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 15 |
2022 £ 89,437 49,108 (800) 48,308 137,745 137,745 137,745 |
2021 £ 88,097 42,041 (400) |
|---|---|---|
| 41,641 | ||
| 129,738 | ||
| 129,738 | ||
| 129,738 |
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 31 October 2023 and signed on their behalf by:
......................................... Mr Talat Zeria Trustee
......................................... Mr Abdul Rahim Zeria Trustee
The notes on pages 9 to 18 form an integral part of these financial statements. Page 8
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
CUTCHI SUNNI MUSLIM ASSOCIATION meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 9
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Page 10
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 11
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 12
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Legacies Total for 2022 Total for 2021 |
Unrestricted funds General £ 7,088 6,685 13,773 13,175 |
Total funds £ 7,088 6,685 |
|---|---|---|
| 13,773 | ||
| 13,175 |
3 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Total for 2022 Total for 2021 |
Unrestricted funds General £ 22 22 1 |
Total funds £ 22 |
|---|---|---|
| 22 | ||
| 1 |
Page 13
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
4 Other income
| Rental income Total for 2022 Total for 2021 |
Unrestricted funds General £ 16,096 16,096 6,109 |
Total funds £ 16,096 |
|---|---|---|
| 16,096 | ||
| 6,109 |
5 Expenditure on raising funds
a) Costs of trading activities
| Note Costs of goods sold Total for 2022 Total for 2021 b) Investment management costs Note Allocated support costs Total for 2022 Total for 2021 |
Unrestricted funds General £ 8,991 8,991 2,746 Unrestricted funds General £ 12,493 12,493 8,335 |
Total funds £ 8,991 |
|---|---|---|
| 8,991 | ||
| 2,746 | ||
| Total funds £ 12,493 |
||
| 12,493 | ||
| 8,335 |
Page 14
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
| 6 Expenditure on charitable activities Note Governance costs Total for 2021 7 Analysis of governance and support costs Governance costs Total for 2022 Total for 2021 8 Net incoming/outgoing resources Net incoming resources for the year include: 9 Trustees remuneration and expenses 10 Independent examiner's remuneration Other fees to examiners Examination-related assurance services Out of balance to Examiners remuneration category |
Unrestricted funds General £ 400 1,814 Unrestricted funds General £ - 1,814 2022 £ - (400) |
Total costs £ Total funds £ 400 |
|---|---|---|
| 1,814 | ||
| Total expenditure £ Total funds £ - |
||
| 1,814 | ||
| 2022 £ 2021 £ 400 |
||
| - |
Page 15
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
| Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year Accruals 15 Funds |
Land and buildings £ 88,097 - |
Furniture and equipment £ 21,564 1,489 23,053 21,564 149 21,713 1,340 - 2022 £ 46 49,062 49,108 2022 £ 800 |
Furniture and equipment £ 21,564 1,489 23,053 21,564 149 21,713 1,340 - 2022 £ 46 49,062 49,108 2022 £ 800 |
Total £ 109,661 1,489 111,150 21,564 149 21,713 89,437 88,097 2021 £ - 42,041 |
|
|---|---|---|---|---|---|
| 88,097 | 23,053 | ||||
| - - |
21,564 149 |
||||
| - | 21,713 | ||||
| 88,097 | 1,340 | ||||
| 88,097 | - | ||||
| 2022 £ 46 49,062 49,108 2022 £ 800 |
|||||
| 42,041 | |||||
| 2021 £ 400 |
|||||
Page 16
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
| Balance at 1 January 2022 £ Unrestricted funds General 129,738 Balance at 1 January 2021 £ Unrestricted funds General 123,348 16 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets 17 Analysis of net funds Cash at bank and in hand Net debt |
Incoming resources £ 29,891 Incoming resources £ 19,285 |
Resources expended £ (21,884) Resources expended £ (12,895) Unrestricted funds General £ 89,437 49,108 (800) 137,745 Unrestricted funds General £ 88,097 42,041 (400) 129,738 At 1 January 2022 £ 42,041 42,041 |
Balance at 31 December 2022 £ 137,745 |
|---|---|---|---|
| Balance at 31 December 2021 £ 129,738 |
|||
| Total funds at 31 December 2022 £ 89,437 49,108 (800) |
|||
| 137,745 | |||
| Total funds at 31 December 2021 £ 88,097 42,041 (400) |
|||
| 129,738 | |||
| At 31 December 2022 £ 42,041 42,041 |
Page 17
CUTCHI SUNNI MUSLIM ASSOCIATION
Notes to the Financial Statements for the Year Ended 31 December 2022
| Cash at bank and in hand Net debt |
At 1 January 2021 £ 41,451 41,451 |
At 31 December 2021 £ 41,451 |
|---|---|---|
| 41,451 |
Page 18
CUTCHI SUNNI MUSLIM ASSOCIATION
Statement of Financial Activities by fund for the Year Ended 31 December 2022
| Income and Endowments from: Donations and legacies Investment income Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2022 £ 13,773 22 16,096 29,891 (21,484) (400) (21,884) 8,007 8,007 129,738 137,745 |
Total Unrestricted Funds 2021 £ 13,175 1 6,109 |
|---|---|---|
| 19,285 | ||
| (11,081) (1,814) |
||
| (12,895) | ||
| 6,390 | ||
| 6,390 123,348 |
||
| 129,738 |
This page does not form part of the statutory financial statements. Page 19
CUTCHI SUNNI MUSLIM ASSOCIATION
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Income and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Other income (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2022 £ 13,773 22 16,096 29,891 (21,484) (400) (21,884) 8,007 8,007 129,738 137,745 |
Total 2021 £ 13,175 1 6,109 |
|---|---|---|
| 19,285 | ||
| (11,081) (1,814) |
||
| (12,895) | ||
| 6,390 | ||
| 6,390 123,348 |
||
| 129,738 |
This page does not form part of the statutory financial statements. Page 20
CUTCHI SUNNI MUSLIM ASSOCIATION
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Donations and legacies Functions income Appeals and donations Grants - other agencies Investment income Interest on cash deposits Other income Hall Hire Raising funds Functions expenses Rates Water rates Light, heat and power Insurance Premises costs Repairs and renewals Telephone and fax Printing, postage and stationery Sundry expenses Cleaning Bank charges Depreciation of fixtures and fittings Charitable activities Independent examiner's fee Legal and professional fees |
Total 2022 £ 6,685 7,088 - 13,773 22 22 16,096 16,096 (8,991) (573) (1,238) (419) (1,400) (2,400) (3,287) (199) (7) - (2,741) (80) (149) (21,484) (400) - (400) |
Total 2021 £ 1,742 5,270 6,163 |
|---|---|---|
| 13,175 | ||
| 1 | ||
| 1 | ||
| 6,109 | ||
| 6,109 | ||
| (2,746) (630) (1,234) (1,187) (1,323) (1,400) (1,193) (20) - (585) (763) - - |
||
| (11,081) | ||
| (400) (1,414) |
||
| (1,814) |
This page does not form part of the statutory financial statements. Page 21