Reziitered Charity h'umbtr. IOL1402 Report of the Trustees and Financial Statem¢nts for the year ended 31st March 2024 for Sutton Islamic Centre
Sutton Islamie Centre Contents of the Finaneial Ststen*nts ror th¢ y¢ar ended 31 Mar¢h 2024 Page Independent cxaminerfs report Statanent of FiclaI Activities Balancc sbeet Notes to the accounts
Sutton Islamie Centre Reference and 2dministrative detsils For the year ended 31 Mareh 2024 TRUSTEES Mr MohanllJad Zalir Malik rrfr knhad MAhmood {Appoint¢d I l March 2024) Dr Avais Adnan Malik (Appointed I l March 2024) Mr Sycd Mallnan Husain Zaidi (Appoint¢d I l March 2024) Mr Syed Mausiq Hwsain Zaidi (Appointed I l Much 2024) Mr Mutsib Adnan Malik (App)iatcd I l March 2024) Misd4 Zaidi PRcIPAL ADDRESS 62 Oakhill Road Sutton Surr¢y SMI 3AG REGISTERED cHARy YUMBER 1023402 DEPENDENT EXAMThTR Atta Ul Hai Chart¢red certifi Accounrant 52 Woodstock Way Mit¢harn, Surr¢y CR4 IBB BANKERS HSBC Crown Ho 102 London Road Morden SM4 SAY
Sutton Islamic Centre Trustees Report for the yeydr ended 31st MAr¢h 2024 The tn¢$ present their r¢port together with the fjnancial statements of the chariry f¢r the year ended 3 1st MaTch 2024. Th¢ TnLstccs have adoptd the provL810 of Accountinft and Reporring by Chariti¢s: Ststcmcnt of Rccomrnended Practicc applicabl¢ lo charities prcparing thcir accounts in accordance with the Financial Reporting StandArds applicable in tbe UK and Republi¢ of Ireland (FRS102) (effective I January 2019). Objectives and 2ims l) The advanc¢ment of religion axordin8 to the tenets of Islam. 2) The advancement of cducation of Mwlim ctiildren in a¢wrdan¢e With the tenets and doctrine of Islam. 3) The r¢licf of povcty wi¢ularly among Muslims. ACHIEVEMENT AND PERFORMANCE Charitsble activitieg Throughout th¢ ar, Charity mainthincd the c¢ntrc to achi¢vc its objcctiv¢s and the trustccs are satisfied with overall perfornwice of th¢ Charity. Howevcr. the centrc r¢mained closcd during thc p¢riod due to coL%1 9 rastrictioLs and this fact is refl¢¢t¢d in collection of don2tions and reduc wndirurc FLYLNCIAL REVIEW Prin¢ipal Fundin% Resourc Th¢ priticipal source of funding is through voluntary donations from donors withth l¢ul community. Reserves Poiky Th¢ Trusttts regularly rcview the rc5crves of th¢ ¢harity. The charity h&$ adequatr r¢5crYes to fulfil its charitable oblisations. Risk Mana%ement The tnJstee have examined the major gtrategic, businc5s and operational risks which the clwity faces aDd confirni that tbe systrms havc been ¢srabli5hed to cnablc regular rcports to be produced so that th¢ necessary steps can bc taken lo lesseD these risks. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing Document Sutton Islatnic C¢ntre has a constitution adopted on the 1st June 1991 and is Registered Chatity No 1023402 Page I
E.&gn ID.. 0ee8b6o6480148af4l.a1f36l2trc2l f•r the year eDd 31st Mar¢h 2 PA Malik 17Fef92026 16'.25:11
Sutton Islamic Centre Ind¢pendent examiners, report on the acc¢Junts to the trnstees of Sutton Islamic Cetttre for the yev ended 31st.Mar<h 2024 I report to the Cbarity trustees on my examination of the accounts of Sutton Islamic Centre (The Tnw) for the ycar endcd 31 March 2024. Rtsponsibilities and basis of r¢port The charitys trustees are responsible for the preparation of the accounts. The ¢harity's tnteeS ¢onsider that an audit is not rcquir¢d for this ycar under Scaion 14412) of thc Cbariti¢S AGt 2011 (thc 201 l Act) and that an indep¢ndeDt examination is neede It is my r¢wsibility to: examine the acMunts under section 145 of the 2011 Act; 2 follow thc prOGlUrC$ laid down in th¢ gcncral DiTCCtions given by the Clwity Commission under section 145(5)(b) of the 2011 ACL and 3 state wh¢th¢r particular mattm have ¢omc to my attentio My exaMition was carricd out in ac¢ordanc¢ with th¢ gen¢rnl directions givcn by th¢ Charity Commi&£ion. An examination includes a review of the accounting records kept by the charity and a omparison of the accounts pre5ent¢d with those records. It aL%o includes considelOn of any unwual items or disclosurcs in th¢ a¢Munts. and secking explanations from you &q trustces ¢oncerning any .w¢h matters. The prorAures und¢rtaken do not provide all the evidence that would be rcquired in an audit and ¢onscqucntly no opinion is giv¢n to whcthcr thc ae¢ounts prescnt a rue and fair VIC and thc rcport is limit¢d to thosc mattcrs set out in th¢ 5tatcmcnt bclow. Independent examiner's statement I have complctcd my ¢xamination. I confirn) that no material mattcr5 havc comc to my attcntion in conne¢lion with rAatnination me eau¢< to believe that in any mat¢rial respect: l Arxounting records wttc not kept in respcct of the Tn1 as rcquired by Section 130 of the 2011 ACL or 2 thc accounts do not ac¢oTd with those reeords; or 3 thc accounts do not comply with applicablc requirncnts ¢oncerning thc fonn and wntent of ac¢ounts Sei out in thc Charities Rcgulations 2008 other than any r¢quircmcnt that th¢ aoUllts give a tru¢ and fr vi¢w which is not a marw Considered as part of an independent cxamination. I bave no con¢¢rns and have come acro&8 no othcr matters in connection With the examination to which attcntion should be drnwn in this rcport in order to ¢nablc a proper understanding of the accounts to bc rcachciL Atta Ul Hafi ACCA S2 Woodsto¢k Way MAtehaJx4 Surr¢y CR4 IBB Date: . Page 3
Sutton Is]2mic Centre For the Year Frted 31st M•r¢h 2024 2024 Notes Restricted Unrestricted Totsl Fund Fund Fund 2023 Totsl Fund Incoming Re50ur¢e Donatio$ Donations- Building fund account Madressa fee FitraDa r¢¢civ¢d Sales of calcnders Sadqa Zakat HMRC JRS (COVtD-19) Gr3llt 40,625 40,625 180 6.145 1.099 245 32,581 180 7,708 977 910 1.427 180 6,145 1.099 245 641 Totsl Incoming R¢sourtts 1.920 47,015 48,935 43,783 Resources Expended Madressa tcachcrs wages Employ¢rfs Pension CoDtribution$ Fitrana paid Cost of ¢alendar5 Taraveeh expenses Sadqa paid Imam Cost for Eid Praycrs Burn)a App¢al Sadaqa and Zakat Paid Water Insurance Light and hvdt Cleaning Tclephone Rwir and MaiDtsinen¢e Bank C¢8 Profes5iona] Fee 22,100 476 22.100 476 22.525 446 977 300 2278 882 1,090 210 2,950 210 2.950 213 213 235 lJ61 235 1.361 9244 1,250 2,304 215 3.337 268 545 215 3.337 268 545 215 3.658 315 4.473 1.303 40.941 42,244 35,314 PTior peri¢xI adjustments 1,250 1250 1.300 Net ming(OUt8O1Dg) Rcsowtts for th¢ year 617 6,074 6,691 8.469 Totsl fimd brought for%d 12.950 364.499 377.449 367,680 Totsl fund ¢arrled forward 13567 371823 385J90 377.449 Page 4
E.Sign ID.. o••8tAOd484W4)bOl•alfts612b4c2l at 31st Mvth 2Q24 2024 TallgI1¢ fLxed a&%ts 19S255 19525S I755 19S25S 19)$82 193x9 IW82 193229 3.746 11.035 188.636 1&194 38SJ91 377.449 365.750 &074 355.455 9.044 3713 364.499 617 13J67 12950 385J91 377.449 - ard sis4 on i M KI91ik 171FeDo026 16'.25..11
Sutton Islamie Centre Notes to the accounts for the year ended 31st Mareh 2024 Ac¢ounting Policies 1.1. Ac¢ounting Convention The ffftan¢ial statrments have been prepared under hiswi¢al eA)St Conventio in accordan¢c with Accounting and Rcponing by Charities - Statcmcnt of Rccommcndcd Practicc (SORP 2005) and with applicabje Accounting Standards. Fund Accountin% Unrcstricted funds are arailablc for use at the discretion of th¢ Tnle¢S in furtherancc of thc gcnml objectives of the charity. R¢strICt funds arc subj¢¢tcd to rcsrrictions on thcir p¢ndiEU imp¢)sed by thc donor or through thc of an app¢al. 1.2. Incomlng Resour¢es Recognition of Incoming Resources Thes¢ or¢ in¢lud¢d in Statcmcnt of Financial A¢tiviti¢S (SOFA) wh¢n: - the charity barne ¢ntided to thc rcsourccs. - the trLLSttts are virtually cthain they will rCiv¢ the resourcu; and - the monetsry value can be measurul with sufficient reliability. Incoming resources with re12ted expenditvre crc ineomins r¢sourc¢s have related expenditure (L8 with fund r8isins or ¢ontra¢t in¢om¢) th¢ incoming rcsourccs and relatrd expenditure ar¢ reported gross in the SOFA. Grgnts and DonatSons Grants and donations only includcd in thc SOFA whcn thc charity bas unconditional entidcmcnt to thc IJ. Resources Expended Exp¢nditrJre is rn%ognis¢d on an a¢¢rual basis as a liability 1$ in¢urr¢d 1.4. Research and developmenl Rcscarch expenditurc is vnittcn off to thc profit and loss account in thc year in wbi¢h it is incurrcd. Ikvclopmcnt exp¢nditurc ts writtcn off in thc same year unless the proprietor is satisfied as to the cbni¢al, ¢ommer¢ial and financiaI viability of individual projects. Itt this Situatio the exp¢nditur¢ iq defcrred aDd amortised ovcr the pcriod from which thc company is cxpccted to kncfiL Page 6
Sutton 151ami¢ Centre otes to the accounts for the vear ended 31st M2r¢h Z024 Intallle fixed assets Deveh) ment eosts Total Cost Additions 1,500 1,500 At 3 l5t March 2024 1,500 1,500 Net book values At 31 st Mah 2024 1.5(M) 1.5(K) T2n%ible assets LADd #nd buildings freehold Equipment Totsl Cost At I st April 2023 175,739 19J16 195.255 At 31 st March 2024 175,739 19.516 195,255 Net book values At 3 1st Mar¢h 2024 175,739 19.516 195255 At 3 1st Mar¢h 2023 175.739 19.516 195255 Debtors 2024 2023 Current liabilitie$ 2024 2023 Qarz e H&wa Taxes and Pension Conknbutions Other creditors Accr[lS aDd dcfmd income 5,550 2.7(K) 1,535 1,250 2,195 1.ssi 3.746 11.035 PAge 7
Sutton Islamic Centre Not¢s to the a¢¢ounts for the year ended 31$t March 2024 Related Party Transactions No traDsa¢tton5 with the tneeS during the peTiO(L Page 8
Sutton Islamic Centre Income 2nd Expenditure Aecounts for the year ended 31st March 2024 2024 2023 Incom¢ Ik)natioL8 Donatio- Building fimd ac¢ount Madrcssa fcc Fitrana rcccived Sales of calendcrs Sadqa Zakat 40,625 180 6.145 1,099 245 32,581 180 7,708 977 910 1,427 48,935 43.783 Admlnistr*tive Expenscs Madrcssa teacberg wag¢s Madrassa visiting teacher wages Employ&5 Pension Contributions Firrana paid Cost Orcendar$ Tarave¢h cxpense5 Sadqa paid Water IuranCe Light and h&it 22.1 21,ICrf) 1,425 446 977 300 2278 882 476 1.090 210 2,950 213 235 1.361 9.244 2,017 1,320 215 545 268 1,250 2,304 2.818 Architcct fc Telephone Legal and profession ftts Bank cbars¢s 215 315 (42244) (35,314) Ex¢e55 of Income Oycr Expenditur¢ 6.691 8.469