Registered Cbarity Nurnber- 1023402 Report of the Trustees and Financial Statements for the year ended 31st March 2023 for Sutton Islamic Centre
Sutton Islamic Centre CoDtents of the FiDaDcial Statements for the year ended 31 March 2023 Page Trustees Report Independent examinevs report Ststement of Financia] Activities Balance sheet Noles to the accounts
Sutton Islamic Celltre Referenee and administrative details For the year ended 31 March 2023 TRUSTEES Mr Mohalnmad Zakir Malik Mr Arshad Mahrnood (Appointed I l March 20?4} Dr Avais Athn MaliTr (Appointed I l March ?024) Mr Syed man11 Husain Zaidi (Appointed I l March 20?4) Mr Syed Mausiq Husain 72idi (Appointed I l March 2024) Mr Adnan Malik (AptK)inted I l March 2024) Misdaq Zaidi PRINCIPAL ADDRESS Zaidi & Co 241 Mii¢ham Road Tooting, London SW17 9JQ REGISTERED CHAIUTY NUMBER 102J402 INDEPENDE.YT EXAMINER Atta Ul Hai Chartered Certified Accountant 52 W(K)dstock Way Mit¢ham. Surrey CR4 IBB BANKERS HSBC Crown House 102 London Road Morden SM4 iAY
Sutton Islamic Centre Trust$ Report for the year ended 31st Marcb 2023 The trustees present their report logether with the fmancial stsiements of the ¢harity for the )'ear ended JI st March 202J. The Trustees have adopted the provisions of Accountinu and Reporting bv Charities: Statement of Recomtnended Prdctice applicable to charities prepartng their accounts in accordance with the Financial R¢portino Standards applicable in the UK and Republic of treland (FRSI 02) (effective I January 2019). OWECTIVES AND ACTIvfTIES Obje¢tive$ and al5 l ) The advan¢ement of religion according to the tenets of Islam. 2) The advancement of education of Muslim children in accordance with the tenets and doctrine of Islavn. J) The relief of povety particularly among Muslims. ACHIEVEMENT AND PERFORMANCE Charitsble activities Throuohout the year. Charitv maintained the ¢entre to a¢hiev¢ its objectives and the trustees are satisfied with overall perfonnance of the ChariTh,. However. the centre remained closed durin<* the period due to COVID-19 r¢stri¢tions and this faci is reflectcd in collection of donations and reduced exp¢ndÉture FINANCIAL REVIEW PriD¢ip21 Funding Resour¢es The prin¢tpal source of funding is through voluntary donations from donors within local community. Reserves Polity The Trustees regularly review the reserves of the charity. The Charity has adequate reseryes to fulfil its charitable obli¢Fations. Risk LVtanageTnent The truslee have examined the major strdtegic. bllsiness and operational risks which the charity fa¢¢s and Conf that the systems have been established to enable ffgular reports to be produced so that the necessary steps Can be taken to lessen these risk STRUCTURE, GOVERNANCE AND MANAGEMENT Governing DocumeDt Sutton Islamic Centre has a constitution adopted on the I st June 1991 and is Registered Charity No 102J402
Sutton Islamic Centre Trustees Report ror the year ended 31st March 2023 Trustees. responsibilitie5 in relation to the financial statements Law appli¢able to the charities in En¢Fland and Wales require the trustees to prepare financial statements for each financial year, which give trne and fair view of the charity's financial activities during the period and of its fjnancial tM)sitions at the end of the period. In preparing these financial 5tatement& th¢ trustees are required to: -select suitable accountin(y policies and then apply them consistently" -make judgements and estimales that are reasonable and prudenL -state whether applicable a¢¢ounting standards and ststem¢nts of recommended practice have been followed subject to any departino disclosed and explained in the financial ststewnents: -PTepare the financial ststements on the uoin¢v concern basis unless it is inappropriate to presume that the charity will continue in business: The Trustees are responsTri le for keeping proper acc()untiTtts records which disclose. with reagonable accuracy the financia] positions of the Charitv and which enable thetn ensure that the financial slatements ¢omply with applicable law. reffjjlations and tn]st deed. Thev are also responsible for safeguarding the assets of the Charity and hence for tsking rea9)nable st¢ps for the PTevention and dete¢tion of fraud and other irregularities. Approved by order of the knard of b7ceS on 29 Jan 2025 and signed on its behalf by: Mr Mutaib Adnan Malik Trnstee Pgge 2
Sutton Is12mie Centre Independent examiners, report on the accounts to tbe trnstees of Sutton Islamic Centre for tbe )'ear eDded 3lsi March 2023 I report to the Charit! ttijsiees on MN. examination of the accounts of Sutton Islamic Centre (The Tnt} for the year ended J l March 202i. Responsibilities and basis of report The charity's trnste¢s are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2} of the Charities Act 2011 (the 2011 Act) and thai an independent examination is needed. It is my responsibility 10: examine the accounts under section 145 of the 2011 Act 2 follow the procedures laid down in the general DTre¢tions given by the Charity Commission under section 145(5Kb} of the 2011 ACL and state wh¢th¢r particular matters have come to my attention. My examination was carried out in accordance with the oeneral directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a Comparison of the accounts presented with those records. It also includes con5ideralion of any unusual items or disclosures in the a¢¢ounts, and Seekin explanations from you as trustee5 Concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in an audit and consequently no opinion is given &$ to whether the accounts present a 'true and fair view and the report is limitrd io those matters set out in the statement Ixlow. Independent examiuer's ststsment I have ¢ompleted my examination. I confirni that no materia] matters have come to my attention in COTtnection Thith examination givng me Cause believe that in anv material respect: l Accounting re¢ords were not kept in respect ofthe Tn as required by section 130 of the 2011 A¢t- or 2 the accounts do not accord with those records; OT 3 the accounts do not comply with applicable requirements concernin¢F the forn) and content of accounts set out in the Chariiies Regulations 2008 other than any requiremeTkt that the accounts oive a true and fair view which is not a matter considered as part of an independent examination. E have no concern5 and have come across no other matters in connection with the examination to which attention should be dTawi in this report in order to enable a proper understandino of the accounts to b¢ rea¢h¢d. Atts Ul Hai- ACCA 52 Woodstoek Wav Mitehxrn, Surrey CR4 IBB
Sutton Islamic Centre Ststement of Financial Activities For the Year Ended 31st March 2023 2023 Notes Restricted Unrestricted Total Fund Fund Fund 2022 Total Fund Incoming Resour¢es Donations Donations- Building fund account Madressa fee Fitrana received Sales of ¢alenders Sadqa Zakat HMRC JRS (COVID-19) Grant 20,965 215 6,140 990 180 7,708 977 910 1.427 7,708 977 910 1.427 240 6,228 Total Incomin(F Re50urce5 2.584 41.199 4i.78i i5.078 Resources Expellded Madressa teachers ivaoes Employerfs Pension Contributions Fitrana paid Cost of Calendars Taraveeh expens¢s Sadqa paid Imam Cost for Eid Prayers Bunna Appeal Sadaqa and Zakat Paid Water Insurdnee Li¥ht and heat Cleanin(T Telephone Repair and Mainlainence Bank charges Madressa Expenses 22,525 446 22.525 446 977 22,016 977 650 2278 2,278 882 882 164 1.250 2.304 164 1,250 2,304 549 1.174 1,4i4 21) 21) 208 426 83 315 Totsl Resources Expended 1.859 27,271 Prior period adjusth)ents I,iOO N¢1 Incomingl(Ouiooing) Resources for the vear 726 7.744 8.470 7.807 Total fund brought fotTrvard 12,224 )55.455 J67.679 J59.872 Total fund carried forward 12,950 364,499 377,449 367,679 Page 4
Sutton Islamic Centre Balance Sheet as at 31st Mareh 2023 2023 2022 r40tss Fixed Assets Tangible fixed a55ets 195255 195,255 Current Assets Bank 8JJd cash 19)229 183,30J Current Liabilities Other Creditors 11,Oi5 10,879 Net Current knsets 182,194 172.424 Liabilities 377.449 367.679 Accumulated Fllnds Unrestricted Funds Brought Foward Surplusl(Deficit) of Unrestricted Funds J55.455 7,012 i64.499 J55,4i5 Restricted Furkds Brought Fonvard Surplusl(Deficit) of Restricted Funds 12224 726 11,429 795 12.950 12,224 377.449 367.679 These financial statements were approved by the trusÈecs & a m¢¢ting held on the . behalf by: . and Sied on its Trnstee Mr Mutaib Adnan Malik Pgge i
Sutton Islamic Centre Notes to the gecounts for the year ended 31st March 2023 Accounting Policies Accounting Convention The financial stat¢trt¢nts have been prepared der histOTi¢al ¢ost convention, tn accordance with Accounting and Reportin(F bv Charities - Sta*meni of Recommended Practice (SORP 2005) and with applicable Accounting Stsndards. Fund Accounting Unrestri¢ted funds are available for use at the discretion of the Tnstees in furtherdnce of the g¢n¢ra] objectives of the charity. Restrieted funds are subjected to restrictions on their expenditure imposed by the donor or through the ternis of an appeal. la. Incoming Resources Recognilioll of Incoming Resources These are included in Statement of Financial Activities (SOFA) when: - the charity became entitled to the resources: - the trustees are virtually certain thev will receive the r¢sour¢es; and - the monetary value can be measured with sllffi¢ient lIability. Illcomin resources with related expenditure Where incomin(F resources have related expendifure (&% with fund raising or contract inci>me) the in¢omino resources and related expendtture are reported wss in the SOFA. Grants gnd Donations Grants and donations onlv included irft the SOFA when the ¢harity has unconditional entitlement io the resources. IJ. Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred Page 6
Sutton Islamic Celltre Note5 to the accounts for tbe year ended 31st Marcb 2023 Tanuible assets Land and buildings freehold Equipment Totsl Cost At I st April 2022 175.739 19,516 19i.255 At ) I st March 202) 175,7)9 19,516 195.255 Net book values At ) I st March 202) 17i.7J9 19.516 195.255 At 31 st March 2022 17i,7J9 19.516 195,255 Current liabilities 2023 2022 Q2rz e Hasana T&xes and Pension ContriTryutions Other creditors Accruals and defeTred income 5,550 2,700 i,550 2.604 1.425 1250 10,879 Related Party Transactions No transaction5 with the tn durina the period. Page 7
Sutton 1s12mie CeIre In¢ome and Expenditure Accounts for the year ended 31st March 2023 2023 2022 Ineome Donations Donations- Building fund a¢¢ount Madressa fee Fitrana received Sales of calenders Sadqa Z2kat 20,965 215 6.140 990 180 7,708 977 910 1,427 240 28,8iO Administrative Expenses Madressa teachers wages Madrassa visiting teacher wages Employevs Pension Contribuiions Fitrana paid Cost of calendars Taraveeh expenses Sadqa paid Water Lnsurance Light and heat Repairs and maintenance Ah[teCt fe¢ Telephone Bank charoes 21,100 1.42) 20.600 1.416 977 iOO 2278 882 650 549 1.174 1250 2,818 426 21) 208 (35014) (27.271) 8,469 1.579 Other Operating Income Government (Ffdnts 6.228 6,228 Exttss ofincome Over Expenditure 8,469 7,807