LUTON ISLAMIC COMMUNITY FORUM TRUSTEES. REPORT AND ACCOUNTS For the year ended 31 March 2021 Charity Number: 1126387 LUTON ISLAMIC COMMUNITY FORUM Contents Page Charity Information Report of the Trustees Report of the Indepéndent Examiner Statement of Financial Activitiés Balance sheet Notes to the Financial Statements 4t06 10t011 Page#2 LUTON ISLAMIC COMMUNITY FORUM Charity Infomiation Trustees.. Mr Mohamm1 Sharifur Rahman Chaiman Mr Aktar Ahmed Secrelary Mr Moyeen Uddin Ahmed Treasurer Mr Mohammad Sarwar Alam Member Mr Ehsan Ahmed Chowdhury Member Mr Muhammed Muhil Miah Member MrAbul Kalarn Member Mr Mezanur Rashid Member Mr Saiful Islam Member Mr Salim Miah Member MrAb(iul Rehman Saffl Member Mr Mohammed Ashraful Hoque Khan Member Charity number.. 1126387 Principal Office: 13-17 Barely Lane Luton LU4 9HT Accountsnt: Luton Accountancy Suite 2A, Crystal House New Bedford Road Luton Bedfordshire LU1 1HS Bank- Barclays Bank PIC Pap#3 %.'.K.,Ip,' CP 33 £LJ> f*0 £ (D (D CD (D(D37(D< iCcLrtrDz rDIJ (D Ouo CL 3 CL)7J rD w (D (D 3 rD CL£L (D Ill Ocr05 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF LUTON ISLAMIC COMMUNITY FORUM FOR THE YEAR ENDED 31 MARCH 2021 Charity no: 1126387 I have examined the accounts on pages 8 10 11. which have been prepared on the basis of accounting policies set out on page 10. R9spectiv• responsibllltles of trustees and #xamin#r: The charity's trustees are responsible for the preparation of the accounts. The Charity's Iruslees consi¢Jer that an audit is not required ft)r this year under section 144 of Ihe Charities Act 2011 (the Charities Acll and that an independent examination is needed. It is my responsibility to.. examine the aGcounls under section 145 01 the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission {under section 14515llbl of the Charities Act. and to stale whether particular matters have come to my attention. Basis of indepondont examinerfs statement.. My examination was carfied out in accordance with general Directs'ons given by the Charity Commission. An exam1nation includes a review of the accounting records kept by the charity and a comparison ot the accounts presented with those records. 11 also includes consideration of any Unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'trLte and fair view and the report is limited lo those matters set out in the statement below. Independent examiner$ statement: In connection wrth my examination. no matter has Come lo my attentTr.. 1. which gives me reasonable cause to believe that in, any m8lerial respect, the requirements.. to keep accounting records in accordance with sectron 130 of the Charities Act," and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act ttave not been mel,. or 2 to which. in my opinion. attention should be drawn in order to ersable a proper Ltnderstanding of the accounts to be reached. Farid Ahmed, AFA MIPA Luton Accountancy Suite 2A, Crystal House New Bedford Road Lulon BedfoTd5hire LU1 1HS 20 December 2021 P8ge#7 LUTON ISLAMIC COMMUNITY FORUM STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2021 Notes Unreslricted Funds Restrictsd Funds 2021 2020 Incoming Rèsourcès Voluntary donotions Other activity 90,572 90,572 87,782 90,572 90,572 87,782 Resources Expended Staff Cost, Nl & Pension Rent, Rates and Water Fundraising Everrts Insurance Teachers Remuneralion Travel & Training Heating & Lighting Repairs, Renewal & Cleaning Books, Printing & Stationery Equipment Hire & Expenses Cleaning Other Legal & Professional Events, Food & RefshMent Telephone & Intemet and App Accountancy Bank Gharges Sundry expenses Donations I Subscriptions Depreciation 15,350 98 15,350 98 25,759 853 1,250 1,071 10.858 540 4.667 201 1,032 858 14,201 856 14,201 3,885 458 300 160 3,885 458 300 160 190 1.000 12 144 2.200 1.422 63 800 584 1,656 100 12 129 340 9,378 129 340 9,378 46,501 46,501 53,056 Net Income for the year 44,071 44,071 34,727 Reconciliation of Funds- Total fund5, brought foarrI Tot81 funds, carried forwarrl 531,602 575,673 531,602 575,673 496,875 531,602 Page#8 LUTON ISLAMIC COMMUNITY FORUM BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Fixed As$ots Tangible fixed assets 662,247 671,625 Current Assets Debtors & prepayment Cash in hand and at Bank 219 71,734 71.953 101606 101,606 Creditors Amounts falling due within one year 188,180 211,976 186,5741 (140.023) 575.673 531,602 Totsl Funds of the Char Unrestrscted funds 575,673 531,602 575,673 531,602 These Accounts were approved by the Board of Trustees on 2610912021 Mr Mohammed Sharifur Rahman Chair of the Board of Trustees Mr Moyeen Uddin Ahmed Treasurer The notes on pages 11 form part ofthese accounts Page#9 LUTON ISLAMIC COMMUNITY FORUM Notes to the Accounts For the year ended 31 March 2021 1. Accounting Policies 1.1 Basis of Accountlng The Financial statements have been prepared In accordance with Accountèing and Reporting by Charities. Statement of Recommended Practice applicableto charities prèparing thèi13c£ounts in accordance with the Financial Reporting Standard applicable in the UK and Republicof Ireland IFRS1021 (effective l January 20151- Icharlties SORP IFRS 1021. The Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS1021 and the Companies Art 2CKJ6. The financial ststements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations2C4)8 only to the extent required to provide a 'true and fair, view. This departure has involved followingthe Charities SORP IFRS 1021 published on 16 July 2014 rather then the Accountin8 and Reportlng by Charities.. Statemet of Recommended Practice effetive from l April 2(M)5 which has since been withdrawrs. Luton Islamiccommunity Forum meetsthe definition of a community entity under FRS 102 Assets and Ilbilitesare intialy recognised at historl¢al cost or transaction value unless otheNise stated in the relevant accountFn8 policy. The Charity prepares Its financial statements in sterling. the funrtional curency of the Charity, and amounts are rounded to the nearest £. 1.2 Incoming Resources Voluntary income and donations are inctuded in Incoming resources when they are receivable. except when the donors specify that they must be used in future accounting periods or don0. conditions have nol been fulfilled, then the Income is defeed. The income from fundraising ventures is shown gross, with the associated cosis included in fundraising costs. 1.3 Re$ourco5 Expgnded Resources expended are includ8d in the Slatement of Financial Activities on accrua15 basis, excluded of VAT where applicable. Expenditure that is directly attributable to specific activfrties has been included in these cost categories. Where costs are attribu18ble to Fnore than one activity. they have been apportioned across the cost categories on a basis consistent Vth the use of those resources. 1.4 Going Concem 8asi$ The financial statements have been prepared on the going concern basis, as in the opinion of the trustees, there are no issue5 aiising which would suggest any other basls as being more appropriate. 1.5 Depreclation Depreciation is provided using the followlng rates and bases to reduce by annual instalments the cost, less estimated residual valLSe. of tangible assets over the estimated useful lives.. Furnitu and Equipment MO than 5 years on reduGing balanrK. Impmvements more than 5 years on reducing balance. Page# 10 LUTON ISLAMIC COMMUNITY FORUM Notes to the Accounts For the year ended 31 March 2021 2. Tangible Fixed Assets Land and buildings Improve ments Fixture. Flttings & equipmenl Total 2,021 COST At 1 April 2019 Additions during the year 593,759 37,041 70.772 701,572 As at 31 March 2020 593,759 37,041 70,772 701,572 DEPRECIATION Al 1 April 2019 Charge for the year 21,125 3,182 8,823 6,195 29,948 9,377 As al 31 M8r¢h 2020 24,307 15,018 39.325 NET BOOK VALUES As at 31 March 2020 593,759 12,734 55,754 862,247 As at 31 March 2019 15,916 81,949 671,624 3. Debtors & Prepayment 2,021 2020 Bank Fraud Advance Salary 219 219 2021 2020 4. Creditors: amounts falling due within ono yoar Independent Examinerfs fee Wages, PAYE and Nl Q8rd E Hasana-lnterest free loan 923 187,257 188,180 1,151 210,825 211,976 S.Trustees' Remuneratlon None of the trustees were remunerated. Page#11