CHARITY REGISTRATION NUMBER: 1111447
Sri Lanka Muslim Association (UK) Unaudited Financial Statements And Trustees Annual Report
31 March 2023
MERIDIAN INSIGHT
Accountants & Statutory Auditors Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ
Sri Lanka Muslim Association (UK)
Financial Statements
Year ended 31 March 2023
| Pages | |
|---|---|
| Trustees' annual report | 1-4 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8-14 |
| The following pages do not form part of the financial statements:- | |
| Detailed statement of financial activities | 15-17 |
Sri Lanka Muslim Association (UK)
Trustees' Annual Report
Year ended 31 March 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name
Sri Lanka Muslim Association (UK)
Charity registration number 1111447 Principal office AL-Jannah Masjid 1 Stoke Road Slough, Berkshire SL2 5AH
The trustees
(re-elected 08/01/2023) (terminated 08/01/2023) (re-elected 08/01/2023) (elected 08/01/2023) (re-elected 08/01/2023) (re-elected 08/01/2023) (re-elected 08/01/2023) (re-elected 08/01/2023) (elected 08/01/2023) (re-elected 08/01/2023)
Mr Anees Mohammed (re-elected 08/01/2023) Mr Abdul Sathar (terminated 08/01/2023) Mr Hakeel Mohamed (re-elected 08/01/2023) Mr Mohamed Ihthisham (elected 08/01/2023) Mr Mohammed Sakkaf (re-elected 08/01/2023) Mr Nazeer Marzook (re-elected 08/01/2023) Mr Rizwan Rameez (re-elected 08/01/2023) Mr Abdul Hameed Anverdeen (re-elected 08/01/2023) Mr Junaid Mohamed Siddique (elected 08/01/2023) Mr Mohamed Abdullah Ameen (re-elected 08/01/2023) Mr Mohamed Janoofar Bathurusaman (re-elected 08/01/2023) Mr Mohamed Rihan Jabbar (elected 08/01/2023) Mr Mohamed Thasrif Jainudeen (terminated 08/01/2023) Mr Nuskey Mohamed Nasrudeen (elected 08/01/2023) Mr Ahmed Hamjath Mohamed Aneef (terminated 08/01/2023) Mr Mohamed Akram Abdul Azeez (re-elected 08/01/2023) Mr Mohamed Aasir Mohamed Akram (re-elected 08/01/2023) Mr Mohamed Uzair Mohamed Omerdeen (re-elected 08/01/2023) Independent examiner Bilal Amin ACA, FCCA Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ
Structure, governance and management
Document
The charity is constituted as a charitable trust registered with the Charity Commission under charity number 1111447 and is governed by a trust deed.
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Sri Lanka Muslim Association (UK)
Trustees' Annual Report (continued)
Year ended 31 March 2023
Structure, governance and management (continued)
Organisational Structure
The trustees are fully responsible for the management of the assets of the trust, mainly the Mosque at the above address namely Masjid Al-Jannah: Islamic Educational & community Centre and give their time free of charge and receive no remuneration or other financial benefits.
The trustees have regular meetings, and all the trustees are responsible for all decisions taken in relation to the running of the Mosque and the Centre and the other activities provided by the charity.
Recruitment and Appointment of Trustees
It has been followed according to the trust deed. Also, by agreed procedures with views and reflection of the community to have a better relationship with the Membership and the local community.
Risk Management
The trustees have assessed the risks the charity faces and have identified the major risks areas and have drawn contingency plans to deal with those risks. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular policies in place, insurance cover is in update and finances of the Community centre/Mosque are kept under review.
Objectives and activities
We have referred to the guidance contained in the Charity Commission's general guidance on public. benefit when reviewing our aims and objectives and in planning our future activities. The objectives of the charity are set out in the charity's trust deed and are summarised as follows:
-
To promote the benefits of the Sri Lankan Muslim residents in Slough and surrounding area, in particular by the provision of an advice service.
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To promote a racial harmony and better and mutual understanding.
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Providing advance of educational services include Islamic culture and religious studies, the safeguarding and maintenance of health, and relief of poverty, distress and sickness of Sri Lankan Muslim Community in Slough and surrounding area.
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Establishing and developing a community advisory service for the giving of individual or group counselling, and practical advice on Circumcision, Akeeka, Marriage, divorce, and other advice.
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Provide or assist in the provision of facilities for recreation or leisure-time activities, so as to develop physical, mental, spiritual capabilities that they may grow to full maturity as individual and members of just society.
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Provide a place for religious and cultural activities and to conduct educational classes for children or alternatively to establish, administer and maintain Islamic religious school, centres and other places of worship and learning.
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Print, publish and circulate news bulletins, periodicals, books and other literary works.
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Conduct special English language classes to improve and promote literacy.
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Make necessary burial arrangements for Muslim funerals according to Islamic Sharia.
-
Encourage unity, discipline, and faith.
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Sri Lanka Muslim Association (UK)
Trustees' Annual Report (continued)
Year ended 31 March 2023
To Achieve the Above Objectives
We have established, Masjid Al-Jannah; Islamic Educational & Community Centre at 1, Stoke Road Slough Berkshire SL25AH. In order to promote the Islamic values according to the Quran and the Sunnah. This through by establish classes for religious education of Muslim children, also to establish an Islamic library, to hold religious festivals, to collect and distribute Sadaqa and Zakat according to Islamic principles and to co-operate as well as liaise with other organisations pursuing similar aims and objectives.
• Our Islamic cultural Centre /Mosque an accessible and welcoming venue where all Muslims, as well as those who wish to know more about the Islamic faith, come together to learn about the religion and worship.
• Most of the programs and lectures are conducted in English language as well as conducting Special programs in Tamil language to target Sri Lankan community is Slough and surrounding area.
• An important part of our faith is charitable giving in accordance with Islamic guidance. We facilitate the collection and distribution of Sadaqa, Zakat and Fitrana. Distribute them to the needy persons to relieve poverty and financial hardship.
• We also provide education and other learning activities at our Mosque including seminars for the benefits of the local community. Most of our activities are free of charge and are funded by donations.
• Those attending our Islamic Centre/Mosque have given generously to disaster appeals arising from natural calamities in the UK and around the world. The trustees ensure that the funds collected following the appeals are spent fully for that appeal purposes only.
• Several talks are held on various topics. Regular seminars continue and take place throughout the year and provide an enlightening insight that challenges the misconceptions about Islam and aims to build bridges with the wider community.
• To advance the education and provide facilities for the interest of all local residents of Slough with the aim of improving the conditions of their lives.
• To provide religious facilities and to promote cultural harmony in the local Muslim community.
• Conducting Mosque Open days to get to know the Mosque for local community of other faith and non-faith.
• Conducting homeless feeding on every Fridays
-
Raising funds for the national tragedies.
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Special program to attract the youth to keep them off the streets.
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Conducting consular services for youth, women and the men.
• Organising Covid-19 support activities for vulnerable and needy in Slough and surrounding Area.
• Working closely with the Slough Borough Council, Police, and the other local and national authorities to support to uphold the law and order, through promoting several programs.
Achievements and performance
The charity's achievements and performance are stated above.
Financial review
Reserves Policy
The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet the operating costs of the charity mainly the running cost of the Islamic Centre/Mosque.
Principal Funding Sources
The charity's main source of income is donations gathered at Friday, Special appeals, Festive prayers and small amount of membership fee. The charity also receives interest free loans from individuals, called Qarze-e-Hasana, which are repayable on demand, to fund their capital projects.
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Sri Lanka Muslim Association (UK)
Trustees' Annual Report (continued)
Year ended 31 March 2023
Plans for future periods
The construction project to build the third floor started in April 2022. It is estimated that this project will take approximately 18 months to complete. Necessary planning permission from the Slough Borough Council has already been approved. As at the date of this report this building project is around 40% completed.
The trustees' annual report was approved on 3 December 2023 and signed on behalf of the board of trustees by:
________ Mr Mohamed Uzair Mohamed Omerdeen Secretary
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Sri Lanka Muslim Association (UK)
Independent Examiner's Report to the Trustees of Sri Lanka Muslim Association (UK)
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Sri Lanka Muslim Association (UK) ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable 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.
Bilal Amin
________ Bilal Amin ACA, FCCA Independent Examiner
Unit 15A, Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ
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Sri Lanka Muslim Association (UK)
Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and other activities | 4 | 276,989 | 38,583 | 315,572 | 268,582 |
| Charitable activities | 5 | – | 294,060 | 294,060 | 63,928 |
| Investment income | 6 | 199 | – | 199 | 6 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 277,188 | 332,643 | 609,831 | 332,516 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7 | - | 88,390 | 88,390 | 91,949 |
| Governance costs | 8 | 266,471 | - | 266,471 | 198,662 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 266,471 | 88,390 | 354,861 | 290,611 | |
| ================================ | ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income | 10,717 | 244,253 | 254,970 | 41,905 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Transfers between funds | 203,208 | (203,208) | – | – | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net movement in funds | 213,925 | 41,045 | 254,970 | 41,905 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 1,149,187 | 17,741 | 1,166,928 | 1,125,023 | |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 1,363,112 | 58,786 | 1,421,898 | 1,166,928 | |
| ========================================= | ================================ | ========================================= | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 14 form part of these financial statements.
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Sri Lanka Muslim Association (UK)
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 1,134,318 | 917,484 |
| Current assets | |||
| Debtors | 14 | 65,000 | 65,000 |
| Cash at bank and in hand | 392,286 | 216,070 | |
| -------------------------------- | -------------------------------- | ||
| 457,286 | 281,070 | ||
| Creditors: amounts falling due within one year | 15 | 2,592 | 7,126 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 454,694 | 273,944 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total assets less current liabilities | 1,589,012 | 1,191,428 | |
| Creditors: amounts falling due after more than one year | 16 | 167,115 | 24,500 |
| ----------------------------------------- | ----------------------------------------- | ||
| Net assets | 1,421,897 | 1,166,928 | |
| ========================================= | ========================================= | ||
| Funds of the charity | |||
| Restricted funds | 58,786 | 17,741 | |
| Unrestricted funds | 1,363,112 | 1,149,187 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total charity funds | 17 | 1,421,898 ========================================= |
1,166,928 ========================================= |
These financial statements were approved by the board of trustees and authorised for issue on 3 December 2023, and are signed on behalf of the board by:
_____ Mr Anees Mohammed President
Mr Mohamed Akram Abdul Azeez Treasurer
_____ Mr Mohamed Uzair Mohamed Omerdeen Secretary
The notes on pages 8 to 14 form part of these financial statements.
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Al-Jannah Masjid, 1 Stoke Road, Slough, Berkshire, SL2 5AH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The charity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemption available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
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legacy income is recognised when receipt is probable, and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| General donations | 46,855 | – | 46,855 | |
| Fitrah collections | – | 13,425 | 13,425 | |
| Friday collections | 77,318 | – | 77,318 | |
| Janaza donations | – | 2,376 | 2,376 | |
| Ifthar donations | 43,731 | – | 43,731 | |
| Makthab and Hafiz | 74,997 | – | 74,997 | |
| Sadaqah collections | – | 16,758 | 16,758 | |
| Standing order collections and membership fees | 15,814 | – | 15,814 | |
| Till collections | 18,274 | – | 18,274 | |
| Zakah collections | – | 6,024 | 6,024 | |
| Miscellaneous income | – | – | – | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 276,989 | 38,583 | 315,572 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations | ||||
| General donations | 32,183 | – | 32,183 | |
| Fitrah collections | – | 11,082 | 11,082 | |
| Friday Jummah | 99,668 | – | 99,668 | |
| Janaza donations | – | 2,746 | 2,746 | |
| Ifthar donations | 700 | – | 700 | |
| Makthab and Hafiz | 87,426 | – | 87,426 | |
| Sadaqah donations | – | 3,936 | 3,936 | |
| Standing order and membership fees | 15,082 | – | 15,082 | |
| Till collections | 14,756 | – | 14,756 | |
| Zakah donations | – | 955 | 955 | |
| Miscellaneous income | 48 | – | 48 | |
| -------------------------------- | ----------------------- | -------------------------------- | ||
| 249,863 | 18,719 | 268,582 | ||
| ================================ | ======================= | ================================ | ||
| 5. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Building project donations | – | 237,951 | 237,951 | |
| Project collections | – | 56,109 | 56,109 | |
| -------------- | -------------------------------- | -------------------------------- | ||
| – | 294,060 | 294,060 | ||
| ============== | ================================ | ================================ |
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Building project donations | – | 15,842 | 15,842 | ||
| Project collections | – | 48,086 | 48,086 | ||
| ---------------------------- | --------------------------------- | ---------------------------- | |||
| – | 63,928 | 63,928 | |||
| ============================ | ================================= | ============================ | |||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 199 | 199 | 6 | 6 | |
| ============== | ============== | ============== | ============== | ||
| 7. | Expenditure on charitable activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Zakah, fitrah, appeals and other charitable spending | – |
88,390 | 88,390 | ||
| ================================ | ============================ | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Zakah, fitrah, appeals and other charitable spending | – | 91,949 | 91,949 | ||
| ================================ | =================================== | ================================ | |||
| 8. | Expenditure on Governance | ||||
| Governance | Total funds | Total fund | |||
| costs | 2023 | 2022 | |||
| £ | £ | £ | |||
| Governance costs | 266,471 | 266,471 | 198,662 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 266,471 | 266,471 | 198,662 | |||
| ================================ | ================================ | ================================ | |||
| 9. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 3,316 | 3,901 | |||
| ============================ | ============================ | ||||
| 10. | Independent examination fees | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial | statements | 360 | 360 | ||
| ============== | ============== |
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
11. Staff costs
The average head count of employees during the year was 15 (2022: 12).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration has been paid to the trustees. All trustees are volunteers and rendered their services free of charge.
13. Tangible fixed assets
| Freehold | Plant and | |||
|---|---|---|---|---|
| property | machinery | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2022 | 895,377 | 61,013 | 956,390 | |
| Additions | 220,150 | – | 220,150 | |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | ||
| At 31 March 2023 | 1,115,527 | 61,013 | 1,176,540 | |
| ========================================= | ============================ | ========================================= | ||
| Depreciation | ||||
| At 1 April 2022 | – | 38,906 | 38,906 | |
| Charge for the year | – | 3,316 | 3,316 | |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | ||
| At 31 March 2023 | – | 42,222 | 42,222 | |
| ========================================= | ============================ | ========================================= | ||
| Carrying amount | ||||
| At 31 March 2023 | 1,115,527 | 18,791 | 1,134,318 | |
| ========================================= | ============================ | ========================================= | ||
| At 31 March 2022 | 895,377 | 22,107 | 917,484 | |
| ========================================= | ============================ | ========================================= | ||
| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Sundry debtors | 65,000 | 65,000 | ||
| ============================ | ============================ | |||
| 15. | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Accruals and deferred income | 1,080 | 720 | ||
| Social security and other taxes | 1,087 | 6,406 | ||
| Other creditors | 425 | – | ||
| ----------------------- | ----------------------- | |||
| 2,592 | 7,126 | |||
| ======================= | ======================= | |||
| 16. | Creditors: amounts falling due after more than one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Sundry loans – Qarz-e-Hasna | 167,115 | 24,500 | ||
| ================================ | ============================ |
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Sri Lanka Muslim Association (UK)
Notes to the Financial Statements (continued)
Year ended 31 March 2023
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 23 | |
| £ | £ | £ | £ | £ | |
| General funds | 1,149,187 | 277,188 | (266,471) | 203,208 | 1,363,112 |
| ========================================= | ================================ | ================================ | ================================ | ========================================= | |
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 22 | |
| £ | £ | £ | £ | £ | |
| General funds | 1,110,028 | 329,770 | (290,611) | – | 1,149,187 |
| ========================================= | ================================ | ================================ | ============== | ========================================= | |
| Restricted funds | |||||
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 23 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | 17,741 | 332,643 | (88,390) | (203,208) | 58,786 |
| ============================ | ================================ | ============================ | ================================ | ============================ | |
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 22 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund | 14,995 | 2,746 | – | – | 17,741 |
| ============================ | ======================= | ============== | ============== | ============================ | |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 1,134,318 | – | 1,134,318 | ||
| Current assets | 398,501 | 58,786 | 457,287 | ||
| Creditors less than 1 year | (2,592) | – | (2,592) | ||
| Creditors greater than 1 year | (167,115) | – | (167,115) | ||
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |||
| Net assets | 1,363,112 | 58,786 | 1,421,898 | ||
| ========================================= | ============================ | ========================================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 917,484 | – | 917,484 | ||
| Current assets | 262,950 | 18,120 | 281,070 | ||
| Creditors less than 1 year | (7,126) | – | (7,126) | ||
| Creditors greater than 1 year | (24,500) | – | (24,500) | ||
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |||
| Net assets | 1,148,808 | 18,120 | 1,166,928 | ||
| ========================================= | ============================ | ========================================= |
18. Analysis of net assets between funds
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Sri Lanka Muslim Association (UK)
Year ended 31 March 2023
Management Information
The following pages do not form part of the financial statements.
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Sri Lanka Muslim Association (UK)
Detailed Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| General donations | 46,855 | 32,183 |
| Fitrah collections | 13,425 | 11,082 |
| Friday Jummah | 77,318 | 99,668 |
| Janaza donations | 2,376 | 2,746 |
| Ifthar donations | 43,731 | 700 |
| Makthab and Hafiz | 74,997 | 87,426 |
| Sadaqah donations | 16,758 | 3,936 |
| Standing order and membership fees | 15,814 | 15,082 |
| Till collections | 18,274 | 14,756 |
| Zakah donations | 6,024 | 955 |
| Miscellaneous income | – | 48 |
| -------------------------------- | -------------------------------- | |
| 315,572 | 268,582 | |
| -------------------------------- | -------------------------------- | |
| Charitable activities | ||
| Building project donations | 237,951 | 15,842 |
| Project collections | 56,109 | 48,086 |
| -------------------------------- | ---------------------------- | |
| 294,060 | 63,928 | |
| -------------------------------- | ---------------------------- | |
| Investment income | ||
| Bank interest receivable | 199 | 6 |
| -------------- | -------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 609,831 | 332,516 |
| ================================ | ================================ |
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Sri Lanka Muslim Association (UK)
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities and governance | ||
| Charitable expenses – other charities | 3,098 | 11,322 |
| Fitrah distributions | 13,894 | 16,970 |
| Projects spending | 71,398 | 63,657 |
| Wages and salaries | 98,296 | 88,171 |
| Staff training and welfare | 1,699 | 2,129 |
| Youth program | 11,219 | 1,215 |
| Religious and educational | 33,297 | 28,896 |
| Visiting Imam expenses | 2,300 | – |
| Bank and merchant charges | 2,336 | 3,466 |
| Rates and water | 9,548 | 8,195 |
| Light and heat | 15,126 | 20,391 |
| Repairs, maintenance and security | 33,999 | 26,934 |
| Telephone and internet | 707 | 613 |
| Printing, postage and stationery | – | 397 |
| General and office expenses | 740 | 893 |
| Cleaning | 7,550 | 5,236 |
| Accountancy, legal and professional fees | 2,862 | 3,768 |
| Insurance | 2,467 | 2,361 |
| Ifthar expenses | 40,681 | 1,406 |
| Depreciation | 3,316 | 3,901 |
| Software and other IT related costs | 328 | 690 |
| -------------------------------- | -------------------------------- | |
| 354,861 | 290,611 | |
| -------------------------------- | -------------------------------- | |
| -------------------------------- | -------------------------------- | |
| Total expenditure | 354,861 | 290,611 |
| ================================ | ================================ | |
| -------------------------------- | -------------------------------- | |
| Net income | 254,970 | 41,905 |
| ================================ | ================================ |
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