LINDEN STREET EDUCATIONAL CENTRE ANNUAL REPORT AND ACCOUNTS 31 MARCH 2021
LINDEN STREET EDUCATIONAL CENTRE ANNUAL REPORT AND ACCOUNTS CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Report of the Trustees | 2 – 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes forming part of the financial statements | 7 - 10 |
LINDEN STREET EDUCATIONAL CENTRE LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY TRUSTEES
Mr Ahmedali Mohamed Noorani Mr Ismail Musa Omar Mr Musa Ahmed Saleh Mr Omar Faruque Essat Mr Osman Valli
Honorary Chairman Honorary Treasurer Honorary Secretary Committee member Committee member
REGISTERED OFFICE The Lindens Linden Street Leicester LE5 5EE REGISTERED CHARITY NUMBER 1124167
INLAND REVENUE (CHARITIES) XT11679 NUMBER INDEPENDENT EXAMINER Yusuf Ghumra Chartered Accountant 45 Broadway Road Leicester LE5 5TB
BANKERS Barclays PLC Highfields Branch P.O. Box 54 Town Hall Square Leicester LE1 9AA
Page 1
LINDEN STREET EDUCATIONAL CENTRE REPORT OF THE TRUSTEES
The Charity Trustees submit their annual report and accounts for the period ended 31[st] March 2021.
Governing document and constitution
The charity is an unincorporated organisation formed by adoption of a trust deed dated 12 January 2008. The charity is registered as a Charity with Charity Commission for England and Wales with effect from 21 May 2008.
Charity Trustees
The first trustees were appointed by the trust deed on 12 January 2008 and hold office for life. Additional trustees are appointed for a term by the then trustees by a resolution passed at a meeting.
Trustee who served during the year are shown on page 1.
Governance
The charity is governed by trustees, who are responsible for the effective management of the organisation.
Meetings are held on a regular basis.
Objects of the Charity
The principal objects of the charity are:
-
To advance the education of the public in particular, but not exclusively, by the provision of community learning programmes, classes, seminars and functions;
-
To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, in accordance with the Sunni Hanafi school of thought, provision of facilities for worship, and provision of facilities for Islamic education;
-
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship, social circumstances, or other disadvantage with the object of improving their conditions of life; and
-
To promote any other charitable purpose for the benefit of muslims and the general public that the trustees from time to time may determine.
Activities report
In planning activities the trustees kept in mind the Charity Commissioner’s guidance on public benefit at the meetings.
The charity has established and runs subsidised after school classes for children to learn Islamic tenets to develop a better understanding of the Islam. The education is imparted systemically to ensure children at different stages of learning attain appropriate benefit. The classes are attended by children who live in the neighbourhood of the charity.
In addition, the charity has established a regular five time prayer facility led by an Imam for all people to participate in. These prayers are well attended by families who live in the neighbourhood of the charity.
Page 2
LINDEN STREET EDUCATIONAL CENTRE REPORT OF THE TRUSTEES
(CONTINUED)
Volunteers
On many occasions the Association involves volunteers in the delivery of its activities. We have a full range of policies and procedures operating to ensure this involvement is successful and beneficial to all parties.
Risk Management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse conditions.
Reserves
It is the policy of the charity to maintain unrestricted funds at a level in excess of annual unrestricted management and administration expenditure. Unrestricted funds are maintained at least at this level throughout the year.
Approved by the Charity Trustees on 19 January 2022 and signed on their behalf:
MUSA AHMED SALEH Honorary Secretary
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LINDEN STREET EDUCATIONAL CENTRE
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 5 to 10.
Responsibilities and basis of report
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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
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 charity as required by section 130 of the Act; or 2. the accounts do not accord with those records
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.
Yusuf Ghumra BSc FCA
Chartered Accountant 19 January 2022
45 Broadway Road Leicester LE5 5TB
Page 4
LINDEN STREET EDUCATIONAL CENTRE STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 MARCH 2021
| Incoming Resources Voluntary income Donations 2 Investment income Government grants Total incoming resources Resources expended Costs of activities in furtherance of charitable objects 3 Premises costs 3 Management and administration 3 Total resources expended Net incoming resources Total funds brought forward Total funds carried forward |
Unrestricted funds £ 76,651 13,500 11,638 101,789 13,786 33,449 200 47,435 54,354 324,541 378,895 |
Restricted funds £ - - - - - - - - - - - |
2021 Total £ 76,651 13,500 11,638 101,789 13,786 33,449 200 47,435 54,354 324,541 378,895 |
2020 Total £ 48,115 15,043 - |
|---|---|---|---|---|
63,158 |
||||
| 22,535 11,057 320 |
||||
33,912 |
||||
29,426 295,295 |
||||
324,541 |
Page 5
LINDEN STREET EDUCATIONAL CENTRE BALANCE SHEET AS AT 31 MARCH 2021
| Note FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS INCOME FUNDS Restricted funds Unrestricted funds |
Unrestricted funds £ 280,070 120,995 120,995 (170) 120,825 400,895 (22,000) 378,895 - 378,895 378,895 |
Restricted funds £ - - - - - - - - - - - |
2021 Total £ 280,070 120,995 120,995 (170) 120,825 400,895 (22,000) 378,895 - 378,895 378,895 |
2020 Total £ 283,487 |
|---|---|---|---|---|
67,425 |
||||
67,425 (2,371) |
||||
65,054 |
||||
348,541 (24,000) |
||||
324,541 |
||||
- 324,541 |
||||
324,541 |
Approved by the Board of the Charity Trustees on 19 January 2021 and signed on their behalf:
ISMAIL MUSA OMAR Honorary Treasurer
MUSA AHMED SALEH Honorary Secretary
Page 6
LINDEN STREET EDUCATIONAL CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2021
1. Accounting policies Accounting convention
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with
-
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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) (SORP),
-
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
-
the Charities Act 2011,
-
and UK Generally Accepted Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2020 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated
Fund accounting
Unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 7
LINDEN STREET EDUCATIONAL CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2021
(CONTINUED)
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold land None Freehold buildings 2.5% on cost Fixtures and fittings 20% on cost
2. Voluntary income
| Donations from individuals | 2021 £ 76,651 |
2020 £ 48,115 |
|---|---|---|
Page 8
LINDEN STREET EDUCATIONAL CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2021
(CONTINUED)
3. Analysis of resources expended
| Costs of activities in furtherance of charitable objects Employment costs Gross wages and salaries Pension contributions Premises costs General and water rates Light and heat Building insurance Repairs Depreciation – fixtures and fittings Depreciation – freehold properties Depreciation – office equipment Management and administration Subscriptions 4. Employees Number of employees in the year Activities in furtherance of charitable objects |
2021 £ 13,786 - 13,786 2,187 2,327 1,000 24,518 2 2,515 900 33,449 200 200 2021 £ Number 2 2 |
2021 £ 13,786 - 13,786 2,187 2,327 1,000 24,518 2 2,515 900 33,449 200 200 2021 £ Number 2 2 |
2020 £ 22,310 225 22,535 2,495 3,241 1,011 - 895 2,515 900 11,057 320 320 2020 £ Number 5 |
|---|---|---|---|
| 5 |
No employee received remuneration of more than £60,000.
Page 9
LINDEN STREET EDUCATIONAL CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2021
(CONTINUED)
5. Trustees and related parties
Trustee expenses and remuneration
| Number of trustees who were paid expenses Total amount paid Trustees’ Remuneration |
2021 None Nil Nil |
2020 None |
|---|---|---|
| Nil | ||
| Nil |
Material interest of the trustees
No trustee had a material interest in any contracts during the year (2020: None).
6. Tangible fixed assets
| Freehold property Fixtures and fittings £ £ Cost At 1 April 2020 300,600 5,556 Additions - - At 31 March 2021 300,600 5,556 Amortisation At 1 April 2020 18,915 5,554 Charge/(credit) for the year 2,515 2 At 31 March 2021 21,430 5,556 Net book value At 31 March 2021 279,170 0 At 31 March 2020 281,685 2 7. Creditors: amounts falling due after within one year Other Taxation and Social Security Costs Other creditors 8. Creditors: amounts falling due after more than one year Loans from individuals |
Freehold property Fixtures and fittings £ £ Cost At 1 April 2020 300,600 5,556 Additions - - At 31 March 2021 300,600 5,556 Amortisation At 1 April 2020 18,915 5,554 Charge/(credit) for the year 2,515 2 At 31 March 2021 21,430 5,556 Net book value At 31 March 2021 279,170 0 At 31 March 2020 281,685 2 7. Creditors: amounts falling due after within one year Other Taxation and Social Security Costs Other creditors 8. Creditors: amounts falling due after more than one year Loans from individuals |
Office equipment £ 4,500 - 4,500 2,700 900 3,600 900 1,800 2021 £ 170 - 170 2021 £ 22,000 |
Total £ 310,656 - |
|
|---|---|---|---|---|
| 310,656 | ||||
| 27,169 4,310 |
||||
| 31,479 | ||||
| 280,070 | ||||
| 283,487 | ||||
| 2020 £ 100 2,271 |
||||
| 2,371 | ||||
| 2020 £ 24,000 |
Page 10