LINDEN STREET EDUCATIONAL CENTRE
ANNUAL REPORT AND ACCOUNTS
31 MARCH 2024
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 |
| Receipts and Payments Account | 5 |
| Balance Sheet | 6 |
| Notes to the accounts | 7 - 8 |
LINDEN STREET EDUCATIONAL CENTRE LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY TRUSTEES
To be appointed 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 2024.
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 15 January 2025 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 2024 which are set out on pages 5 to 8.
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 15 January 2025
45 Broadway Road Leicester LE5 5TB
Page 4
LINDEN STREET EDUCATIONAL CENTRE RECEIPTS AND PAYMENTS ACCOUNT AS AT 31 MARCH 2024
| Receipts from: Voluntary income Donations 1 Investment income Total receipts Payments Costs of activities in furtherance of charitable objects 2 Premises costs 2 Management and administration 2 Total payments Net receipts/(payments) Total funds brought forward Total funds carried forward |
Unrestricted funds £ 46,001 13,500 59,501 31,930 17,012 8,054 56,996 2,505 349,210 351,715 |
Restricted funds £ - - - - - - - - - - |
2024 Total £ 46,001 13,500 59,501 31,930 17,012 8,054 56,996 2,505 349,210 351,715 |
2023 Total £ 60,002 10,125 |
|---|---|---|---|---|
70,127 |
||||
| 30,520 44,977 5,268 |
||||
80,765 |
||||
(10,638) 359,848 |
||||
349,210 |
Page 5
LINDEN STREET EDUCATIONAL CENTRE BALANCE SHEET AS AT 31 MARCH 2024
| Note FIXED ASSETS Tangible assets 3 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 5 NET ASSETS INCOME FUNDS Restricted funds Unrestricted funds |
Unrestricted funds £ 274,313 94,937 94,937 (3,535) 91,402 365,715 (14,000) 351,715 - 351,715 351,715 |
Restricted funds £ - - - - - - - - - - - |
2024 Total £ 274,313 94,937 94,937 (3,535) 91,402 365,715 (14,000) 351,715 - 351,715 351,715 |
2023 Total £ 278,172 |
|---|---|---|---|---|
86,281 |
||||
86,281 (1,243) |
||||
85,038 |
||||
363,210 (14,000) |
||||
349,210 |
||||
- 349,210 |
||||
349,210 |
Approved by the Board of the Charity Trustees on 15 January 2025 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 2024
1 Analysis of income
| Donations from individuals 2 Analysis of payments Costs of activities in furtherance of charitable objects Employment costs Gross wages and salaries Donations Premises costs General and water rates Light and heat Building insurance Repairs Depreciation – fixtures and fittings Depreciation – freehold properties Management and administration Legal & professional Miscellaneous |
2024 £ 46,001 2024 £ 25,763 6,167 31,930 2,931 7,632 1,255 1,335 1,344 2,515 17,012 7,314 740 8,054 |
2023 £ 60,002 |
|---|---|---|
2023 £ 25,000 5,520 |
||
30,520 |
||
2,502 8,334 1,013 29,269 1,344 2,515 |
||
44,977 |
||
5,266 - |
||
| 5,266 |
Page 7
LINDEN STREET EDUCATIONAL CENTRE NOTES TO THE ACCOUNTS AS AT 31 MARCH 2024
(CONTINUED)
| 3. Tangible fixed assets Freehold property £ Cost At 1 April 2023 300,600 Additions - At 31 March 2024 300,600 Amortisation At 1 April 2023 26,460 Charge/(credit) for the year 2,515 At 31 March 2024 28,975 Net book value At 31 March 2024 271,625 At 31 March 2023 274,140 4. Creditors: amounts falling due after within one year Other Taxation and Social Security Costs 5. Creditors: amounts falling due after more than one year Loans from individuals |
3. Tangible fixed assets Freehold property £ Cost At 1 April 2023 300,600 Additions - At 31 March 2024 300,600 Amortisation At 1 April 2023 26,460 Charge/(credit) for the year 2,515 At 31 March 2024 28,975 Net book value At 31 March 2024 271,625 At 31 March 2023 274,140 4. Creditors: amounts falling due after within one year Other Taxation and Social Security Costs 5. Creditors: amounts falling due after more than one year Loans from individuals |
Fixtures and fittings £ 12,276 - 12,276 8,244 1,344 9,588 2,688 4,032 2024 £ 3,535 3,535 2024 £ 14,000 |
Total £ 312,876 - |
|
|---|---|---|---|---|
| 312,876 | ||||
| 34,704 3,859 |
||||
| 38,563 | ||||
| 274,133 | ||||
| 278,172 | ||||
| 2023 £ 1,243 |
||||
| 1,243 | ||||
| 2023 £ 14,000 |
Page 8