Fife Islamic Centre (Methil) SCO08588 Statement of Financial Activities for the year ended 31st May 2025
| Incoming Resources Note from generated funds Voluntary Income 2a Investment Income 2b Exceptional Income 2c Donations 2d Total Incoming Resources Resources Expended Cost of generating funds Charitable Activities 3a Governance Costs 3b Total Resources Expended Net Incoming Resources before Transfers Depreciation of Assets (Non-Cash) Gross Transfers between Funds Net Movement in Funds Total Funds at 1st June TOTAL FUNDS AT 31 MAY 2025 5 |
Unrestricted Funds 2025 £ 34,070 15,575 0 7,388 57,033 51,578 544 52,122 4,911 0 4,911 199,300 204,211 |
Restricted Funds 2025 £ 0 0 0 0 0 0 |
Total Funds 2025 £ 34,070 15,575 0 7,388 57,033 51,578 544 52,122 4,911 1,380 0 3,531 199,300 202,831 |
Total Funds 2024 £ 36,040 11,600 15,000 13,094 |
|---|---|---|---|---|
| 75,734 55,612 660 |
||||
| 56,272 | ||||
| 19,462 0 0 |
||||
| 19,462 179,838 |
||||
| 199,300 |
Fife Islamic Centre (Methil) SCO08588
Balance Sheet as at 31 May 2025
| eet as at 31 May 2025 Fixed Assets Property Additions Fixtures and Fittings (Historic Cost) (Additions) (Current Value) Total Assets Current Assets Current Account Funeral Committee A/c Fife Islamic Centre No 2A/C Cash in Hand Current Liabilities PAYE & NI Wages Accruals Net Current Assets Represented by: Unrestricted Funds Restricted Funds Approved by the Executive Committee : |
2025 £ 58,622 0 58,622 13,365 0 5,518 5,518 64,140 84,791 53,254 2,688 0 140,734 2 0 660 662 140,072 204,211 204,211 0 204,211 |
2024 £ 58,622 0 58,622 13,365 0 5,518 5,518 64,140 89,829 41,672 4,439 0 135,940 0 4 776 780 135,160 199,300 199,300 0 199,300 Date: |
2024 £ 58,622 0 58,622 13,365 0 5,518 5,518 64,140 89,829 41,672 4,439 0 135,940 0 4 776 780 135,160 199,300 199,300 0 199,300 Date: |
|---|---|---|---|
| 199,300 | |||
| Date: |
Fife Islamic Centre (Methil) SCO08588 for the year ended 31st May 2025
1. Accounting Policies
These accounts have been produced on a Receipts and Payments basis in accordance with the Charities Accounts (Scotland) Regulations.
The accounts have been prepared on a going concern basis which assumes that the chairty will continue to operate. The validity of this assumption is dependant upon its continuing funding. If the charity was unable to continue to operate, asset values may be adjusted to their recoverable amount.
Depreciation is provied on the Fixtures and Fittings at 25% per annum on a reducing balance basis. No depreciation is provided on the freehold property as the Executive Committee considers it to be an appreciating asset.
2. Incoming Resources
(a) Voluntary Income
| (a) Voluntary Income | ||||
|---|---|---|---|---|
| Friday Collections Membership Fees Children's Fees Other Collections Mosque Box |
Unrestricted £ 15,090 18,980 0 0 0 34,070 |
Restricted £ |
2025 £ 15,090 18,980 0 0 0 34,070 |
2024 £ 13,575 22,465 0 0 0 |
| 36,040 |
(b) Investment Income
| (b) Investment Income | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Rental Income | 15,575 | 11,600 |
(c) Exceptional Income
| Grant funding (d) Donations Donations Special Donations Donations received to A/C 2 |
2025 £ 0 2025 £ 7,388 0 0 7,388 |
2024 £ 15,000 |
|---|---|---|
| 2024 £ 13,094 0 0 |
||
| 13,094 |
Fife Islamic Centre (Methil) SCO08588 for the year ended 31st May 2025
3. Resources Expended
(a) Charitable Activities
An analysis of the charitable activities and their expenditure is as follows :
| Religious Education | Activities undertaken directly £ 19,192 |
Support Costs (3c) £ 32,931 |
2025 Total £ 52,122 |
2024 Total £ |
|---|---|---|---|---|
| 52,492 |
(b) Governance Costs
The governance costs represents the Independent Examiner's Report and professional fees for Payroll and Accounting
in respect of producing Receipts and Payments accounts totalling £660
Support Costs
| Heat & Light Insurance Donations Made Telephone Bank & Legal Charges Catering & Events Premises Expenses Travel Repairs and Renewals Advertising Funeral Costs |
Unrestricted 2025 £ 10,179 1,492 2,000 421 13 6,981 150 3,068 5,813 0 2,270 32,387 |
Restricted 2025 £ 0 |
Religious Education 2025 £ 10,179 1,492 2,000 421 13 6,981 150 3,068 5,813 0 2,270 32,387 |
Religious Education 2024 £ 10,287 1,268 3,200 361 620 1,896 15,808 0 3,452 |
|---|---|---|---|---|
| 36,892 |
Staff and Employees
The average number of full-time equivalent employees during the year was 1 and their total remuneration amounted to £19192 incl expenses . No staff received salaries in excess of £60,000 per annum.