REGISTERED CHARITY NUMBER: 1120471
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Locksley Estate Cultural Association
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
Locksley Estate Cultural Association
Contents of the Financial Statements
for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Locksley Estate Cultural Association
Report of the Trustees
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees confirm that they abide by the Charity Commissions guidance on public benefit in complying with Section 17 of the Charities Act 2011 to have due regard to public benefit in meeting its objectives and activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued to collect donations from the members of public as well as memberships' fees. There are continuous commitments from the users and members to support charity's activities.
The charity provides social welfare, worship and educational support to the community and promotes social awareness among general public.
FINANCIAL REVIEW
The financial statements are set out on pages 4 to 9 have been prepared implementing Financial Reporting Standard for Smaller Entities (effective January 2015).
The Statement of Financial Activities show net surplus for the year of a revenue nature of £6,444. The total reserves at the year end after accounting for unrealised (losses) /after revaluing investments of £128,366.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity' objects and regulations are regulated by the constitution adopted on 26 July 2007 and the charity is registered as a charity on 03 January 2013.
The objects of the charity are:
1) To advance the Islamic faith in accordance with the Quran and Sunnah for the benefit of the public in Tower Hamlets in particular but not exclusively through holding prayer meetings, lectures, and producing/distributing literature on Islam.
2) The advancement of religious and general education for the benefit of the public in Tower Hamlets, including but not restricted in promoting interfaith dialogue and the prevention of alcohol and drugs abuse and misuse.
To meet these objectives the charity provides building/facilities/opens paces to the community and also provides advocacy/advice and information. In order to fund these activities the charity seeks donations and subscriptions from the public, institutions and its members.
Management and Administration
The charity is organised with a committee elected by the members to oversee the overall activities. The charity has appointed trustees. The trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. The names of trustees are declared when a charity is first registered. The trustees are responsible for keeping the list up to date and may do this by updating their details online as it happens, using their Annual Return, or for charities with income below £10,000, by using their Annual Update.
One member is nominated as a chairperson to monitor the day to day operation of the charity.
Page 1
Locksley Estate Cultural Association
Report of the Trustees
for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1120471
Principal address
7 Lydbrook Place London E14 7TU
Trustees
Mawlana Mohammed Musleh Uddin M W Ali Azizur Rahman Joynul Hoque Abdul Gofur Khan
Independent Examiner
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:
Mawlana Mohammed Musleh Uddin - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Locksley Estate Cultural Association
Independent examiner's report to the trustees of Locksley Estate Cultural Association
I report to the charity trustees on my examination of the accounts of Locksley Estate Cultural Association (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
Anwar F Chowdhury FCCA
ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS
30 January 2026
Page 3
Locksley Estate Cultural Association
Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25UnrestrictedfundNotes £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,253 EXPENDITURE ON Charitable activities Worpship & Edducational Support 29,456 Other 14,353 Total 43,809 NET INCOME 6,444 RECONCILIATION OF FUNDS Total funds brought forward 121,922 TOTAL FUNDS CARRIED FORWARD 128,366 |
31.3.24Totalfunds£ 50,292 |
|---|---|
| 21,620 11,540 |
|
| 33,160 | |
| 17,132 104,790 |
|
| 121,922 |
The notes form part of these financial statements
Page 4
Locksley Estate Cultural Association
Balance Sheet 31 March 2025
31.3.25UnrestrictedfundNotes £ FIXED ASSETS Tangible assets 5 19,780 CURRENT ASSETS Cash at bank and in hand 109,907 CREDITORS Amounts falling due within one year 6 (1,321) NET CURRENT ASSETS 108,586 TOTAL ASSETS LESS CURRENT LIABILITIES 128,366 NET ASSETS 128,366 FUNDS 7 Unrestricted funds 128,366 TOTAL FUNDS 128,366 |
31.3.24Totalfunds£ 12,439 110,803 (1,320) 109,483 121,922 121,922 121,922 121,922 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
Mawlana Mohammed Musleh Uddin - Trustee
The notes form part of these financial statements
Page 5
Locksley Estate Cultural Association
Notes to the Financial Statements
for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property
- 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 6
Locksley Estate Cultural Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
4.
| Admin No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Worpship & Edducational Support Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.3.25 31.3.24 2 4 Unrestrictedfund£ 50,292 21,620 11,540 33,160 17,132 104,790 121,922 |
|---|---|
continued...
Page 7
Locksley Estate Cultural Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
Improvements |
|||||
to |
|||||
property |
|||||
| £ | |||||
| COST | |||||
| At 1 April 2024 | 23,073 | ||||
| Additions | 10,720 | ||||
| At 31 March 2025 | 33,793 | ||||
| DEPRECIATION | |||||
| At 1 April 2024 | 10,634 | ||||
| Charge for year | 3,379 | ||||
| At 31 March 2025 | 14,013 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2025 | 19,780 | ||||
| At 31 March 2024 | 12,439 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.3.25 | 31.3.24 | ||||
| £ | £ | ||||
| Other creditors | 1,321 | 1,320 | |||
| 7. | MOVEMENT IN FUNDS | ||||
Net |
|||||
movement |
At |
||||
At |
1.4.24 |
in funds |
31.3.25 |
||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 121,922 | 6,444 | 128,366 | ||
| TOTAL FUNDS | 121,922 | 6,444 | 128,366 | ||
| Net movement in funds, included in the above are as follows: | |||||
Incoming |
Resources |
Movement |
|||
resources |
expended |
in funds |
|||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 50,253 | (43,809) | 6,444 | ||
| TOTAL FUNDS | 50,253 | (43,809) | 6,444 |
continued...
Page 8
Locksley Estate Cultural Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.4.23£ Unrestricted funds General fund 104,790 TOTAL FUNDS 104,790 |
Netmovementin funds£ 17,132 17,132 |
At31.3.24£ 121,922 |
|---|---|---|
| 121,922 |
Comparative net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
|
|---|---|---|---|
resources |
expended |
in funds |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,292 | (33,160) | 17,132 |
| TOTAL FUNDS | 50,292 | (33,160) | 17,132 |
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.23£ Unrestricted funds General fund 104,790 TOTAL FUNDS 104,790 |
Netmovementin funds£ 23,576 23,576 |
At31.3.25£ 128,366 |
|---|---|---|
| 128,366 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
|
|---|---|---|---|
resources |
expended |
in funds |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 100,545 | (76,969) | 23,576 |
| TOTAL FUNDS | 100,545 | (76,969) | 23,576 |
continued...
Page 9
Locksley Estate Cultural Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
Locksley Estate Cultural Association
Detailed Statement of Financial Activities |
||
|---|---|---|
for the Year Ended 31 March 2025 |
||
| 31.3.25 | 31.3.24 | |
£ |
£ |
|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 50,253 | 50,292 |
| Total incoming resources | 50,253 | 50,292 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages and subcontractors fees | 27,480 | 21,620 |
| Support costs | ||
| Management | ||
| Postage and stationery | - | 750 |
| Governance costs | ||
| Rent and rates | 3,896 | 3,960 |
| Insurance | 531 | 696 |
| Telephone | 380 | 355 |
| Sundries | 921 | 2,347 |
| Accountancy and legal fees | 1,453 | 750 |
| Repair and maintenance | 5,769 | 375 |
| Improvements to property | 3,379 | 2,307 |
| 16,329 | 10,790 | |
| Total resources expended | 43,809 | 33,160 |
| Net income | 6,444 | 17,132 |
This page does not form part of the statutory financial statements
Page 11