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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
4 |
Statement of financial activities (including income and expenditure account) |
8 |
Statement of financial position |
9 |
Statement of cash flows |
10 |
Notes to the financial statements |
11 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
54-56 Albert Road |
office |
Ilford |
Essex |
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IG1 1HW |
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Company secretary |
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Auditor |
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Chartered accountants & statutory auditor |
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792 Wickham Road |
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Croydon CR0 8EA |
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Bankers |
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High Road |
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Ilford |
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Essex |
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IG1 1DE |
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Charity Secretary |
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Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
792 Wickham Road |
Croydon CR0 8EA |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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-------- |
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--------- |
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Total income |
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-------- |
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Costs of raising donations and legacies |
6 |
– |
84,885 |
84,885 |
111,741 |
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Expenditure on charitable activities |
7,8 |
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– |
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Total expenditure |
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-------- |
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--------- |
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Net income and net movement in funds |
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– |
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-------- |
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Total funds brought forward |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible fixed assets |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
15 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
16 |
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Net assets |
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Restricted funds |
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Unrestricted funds |
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------------ |
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Total charity funds |
18 |
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Trustee |
Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Net income |
93,491 |
119,228 |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Interest payable and similar charges |
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Changes in: |
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Trade and other debtors |
– |
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Trade and other creditors |
(
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(
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-------- |
--------- |
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Cash generated from operations |
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Interest paid |
(
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(
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Net cash from operating activities |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
732,938 |
589,119 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Freehold property |
- |
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Fixture and fittings |
- |
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Motor vehicles |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Donations and funeral income |
329,527 |
65,250 |
394,777 |
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Madrassa fee income |
42,700 |
– |
42,700 |
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Day Care Community Centre |
31,710 |
– |
31,710 |
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Fitra |
– |
19,635 |
19,635 |
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Donated audit fee |
2,000 |
– |
2,000 |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations and funeral income |
276,443 |
92,966 |
369,409 |
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Madrassa fee income |
43,195 |
– |
43,195 |
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Day Care Community Centre |
35,320 |
– |
35,320 |
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Fitra |
– |
18,775 |
18,775 |
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Donated audit fee |
2,000 |
– |
2,000 |
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Restricted Funds |
Total Funds 2024 |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Costs of raising donations and legacies - Donations |
84,885 |
84,885 |
111,741 |
111,741 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Mosque activities |
238,566 |
238,566 |
165,303 |
165,303 |
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Madrassa activities |
38,311 |
38,311 |
37,062 |
37,062 |
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Day Care Community Centre |
15,511 |
15,511 |
14,947 |
14,947 |
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Support costs |
20,058 |
20,058 |
20,418 |
20,418 |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Mosque activities |
238,566 |
550 |
239,116 |
166,853 |
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Madrassa activities |
38,311 |
– |
38,311 |
37,062 |
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Day Care Community Centre |
15,511 |
– |
15,511 |
14,947 |
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Governance costs |
– |
19,508 |
19,508 |
18,868 |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible fixed assets |
15,056 |
16,268 |
-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Employer contributions to pension plans |
1,113 |
1,599 |
--------- |
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2024 |
2023 |
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No. |
No. |
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Number of Imam |
2 |
2 |
Number of administrative staff |
19 |
13 |
---- |
---- |
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21 |
15 |
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---- |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2023 and 30 June 2024 |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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------- |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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------------ |
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At 30 June 2023 |
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------------ |
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------- |
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2024 |
2023 |
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£ |
£ |
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Barclays Bank |
640,969 |
590,604 |
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Barclays Funeral account |
142,315 |
122,595 |
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Cash in hand |
2,270 |
6,372 |
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Paypal |
14,906 |
13,367 |
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--------- |
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800,460 |
732,938 |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Social security and other taxes |
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Pension payable |
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SADQA |
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Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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At 1 July 2023 |
Income |
Expenditure |
At 30 June 2024 |
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£ |
£ |
£ |
£ |
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General funds |
3,313,743 |
405,937 |
(312,446) |
3,407,234 |
------------ |
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At 1 July 2022 |
Income |
Expenditure |
At 30 June 2023 |
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£ |
£ |
£ |
£ |
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General funds |
3,194,515 |
356,958 |
(237,730) |
3,313,743 |
------------ |
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At 1 July 2023 |
Income |
Expenditure |
At 30 June 2024 |
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£ |
£ |
£ |
£ |
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Restricted Fund |
1,098,642 |
84,885 |
(84,885) |
1,098,642 |
------------ |
-------- |
-------- |
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At 1 July 2022 |
Income |
Expenditure |
At 30 June 2023 |
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£ |
£ |
£ |
£ |
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Restricted Fund |
1,098,642 |
111,741 |
(111,741) |
1,098,642 |
------------ |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Intangible assets |
2,776,142 |
– |
2,776,142 |
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Tangible fixed assets |
– |
1,098,642 |
1,098,642 |
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Current assets |
800,460 |
– |
800,460 |
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Creditors less than 1 year |
(155,617) |
– |
(155,617) |
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Creditors greater than 1 year |
(13,751) |
– |
(13,751) |
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------------ |
------------ |
------------ |
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Net assets |
3,407,234 |
1,098,642 |
4,505,876 |
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------------ |
------------ |
------------ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Intangible assets |
– |
– |
– |
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Tangible fixed assets |
2,791,198 |
1,098,642 |
3,889,840 |
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Current assets |
732,938 |
– |
732,938 |
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Creditors less than 1 year |
(177,642) |
– |
(177,642) |
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Creditors greater than 1 year |
(32,751) |
– |
(32,751) |
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------------ |
------------ |
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Net assets |
3,313,743 |
1,098,642 |
4,412,385 |
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At 1 Jul 2023 |
Cash flows |
At 30 Jun 2024 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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67,522 |
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--------- |
-------- |
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