Sri Lankan Muslim Community of East London
Charity Number: 1131486
FINANCIAL STATEMENTS
31st MARCH 2021
Sri Lankan Muslim Community of East London
CONTENTS
for the YEAR ended 31st MARCH 2021
| Charity Information | 1 |
|---|---|
| Trustees’ Annual Report | 2-3 |
| Independent Examiner’s Report to the Trustees | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-8 |
Page 1
Sri Lankan Muslim Community of East London
Charity Information
for the YEAR ended 31st MARCH 2021
| Charity Registration Number 1131486 |
Charity Registration Number 1131486 |
|
|---|---|---|
| Address | 16-18 Pilgrims Way | |
| East Ham | ||
| London | ||
| E6 1HW | ||
| https://www.slmcel.org.uk/ | ||
| Bankers | HSBC | |
| 118 High Street North | ||
| East Ham | ||
| London | ||
| E6 2HX | ||
| Accountants | Y E Adam Accountancy Services | |
| 29 Byron Avenue | ||
| Manor Park | ||
| London E12 6ST | ||
| Trustees | Abdul Majeed Mohamed Masahir | Elected 25-03-2018 re-elected 30-01-2022 |
| M Masoon Mahroof | Elected 25-03-2018 re-elected 30-01-2022 | |
| Irshad Mohamed Issak | Elected 25-03-2018 re-elected 30-01-2022 | |
| M Shafeek Mohamed Farook | Elected 25-03-2018 re-elected 30-01-2022 | |
| M H Amanulla | Term ended 30-01-2022 | |
| Mafaz Mohamed | Term ended 30-01-2022 | |
| Kachchu Muhammed Tasleem | Term ended 30-01-2022 | |
| M Ismail | Term ended 30-01-2022 | |
| M Aboobucker Jaseem | Resigned 15-07-2021 | |
| M Junaideen M Rizvi | Term ended 30-01-2022 | |
| Muzahir Ansari Mohamed | Term ended 30-01-2022 | |
| M Nufaail Mohamed Tamby | Term ended 30-01-2022 | |
| Meerasahib Nawasdeen | Resigned 19-02-2021 | |
| Chair | Ahamed Mohideen Kalanther Lebbe | Elected 30-01-2022 |
| Mohamed Niyas Assanar | Elected 30-01-2022 | |
| Sheyed Abbas Muthalif | Elected 30-01-2022 | |
| Mohamed Sameem Aboosalih | Elected 30-01-2022 | |
| Ahamed Nazeem Mohamed Mansoor | Elected 30-01-2022 | |
| Secretary | Noushad Abosaly Mohamed | Elected 30-01-2022 |
| Mohamed Infaz Mohamed Iqbal | Elected 30-01-2022 | |
| Treasurer | Mohamed Fareed Mohamed Fahim | Elected 30-01-2022 |
| Samoon Arouf Azmath | Elected 30-01-2022 |
Page 2
Siri Lankan Muslim Community of East London
TRUSTEES’ ANNUAL REPORT for the YEAR ended 31st MARCH 2021
The Trustees have pleasure in presenting the Financial Statements of the Charity for the year ended 31st March 2021
LEGAL STATUS
Unincorporated charity, registered as a Charity (registration number 1131486).
CONSTITUTION AND OBJECTS
The main aims and objective of Sri Lankan Muslim Community of East London in brief are to
A) The provision of facilities for recreation and other leisure time occupation of persons who have need of such facilities.
B)The advancement of education by such means as the executive committee may determine To advance and promote education in any part of the world through donation, maintenance of building and/or through such means and manner as the trustees may determine.
C)The Relief of Sickness and preservation and protection of health.
D)The Promotion of Religions Harmony.
E) The relief of financial hardship by provision of goods/services which could not be afforded.
F)To act as resource for young people.
G) To further such other charitable purposes as The Executive Committee any form time to time determine.
OPERATION OF THE Charity
The trustees who have served during the year are set out on page 1.
The charity operates by collecting donation from within United Kingdom and Europe and making donation to any part of the world.
The trustees are very grateful to the numerous volunteers who have helped the charity with their valuable time and to all the donors during the year.
Activities
The charity carried out a wide rage of activates in line with the objectives of charitable aim. It organised daily prayer and Jumma facilities within the centre.
Additionally during Ramadan iftar/food and Islamic Lectures programmes were arranged for the benefit of all centre users.
Eid Salah was also celebrated and arranged within the centre.
Page 3
RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the charity faces and believe that they have established systems to mitigate the risks.
An Election was held on 30 January 2022 and nine new Trustees were elected, Board would like to record communities appreciation for the past hard work by outgoing trustees.
INVESTMENT POWERS AND RESTRICTIONS
The income, properties and all assets of the charity are applied by the trustees solely towards the aim and objects of the charity and to manage, improve and maintain all or any part of land and property of the charity or carry out new work as approved by the Trustees.
TRUSTEES’ RESPONSIBILITIES
The law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's activities during the year and of its financial position at the end of the year.
In preparing these financial statements the trustees are required to: Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statement comply with the Charities Act 1993.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by the order of the Trustees
……………………………………..
Ahamed Mohideen Kalanther Lebbe Chair
Approved by the Trustees on 30th August 2022
Page 4
INDEPENDENT EXAMINER’S REPORT to the TRUSTEES of
Sri Lankan Muslim Community of East London
for the YEAR ended 31st MARCH 2021
We report on the Accounts of the Charity for the year ended 31st March 2021 as set out on pages 5 - 8.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
As the Charity’s Trustees, you are responsible for the preparation of the Accounts. You consider that the Audit requirement of section 43(2) of the Charities Act 1993 does not apply. It is our responsibility to state, on the basis of the procedures specified in the general directions given by the Charities Commissioners under section 47(7)(b) of the Act, whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
Our examination was carried out in accordance with the general directions by the Charities Commissioner. An independent examination includes a review of the Accounting Records kept by the Charity and a comparison of the Account presented and those Records. It also includes consideration of any unusual items or disclosures in the Account and seeking explanation from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in Audit, and consequently we do not express an Audit opinion on the view given by the Accounts.
INDEPENDENT EXAMINER’S REPORT
In connection with our examination, no matter has come to our attention.
1 Which gives us reasonable cause to believe that in any material respect the the requirements.
-
(a) to keep Accounting Records in accordance with section 130 of the Act and
-
(b) to prepare Accounts which accord with Accounting Records and to comply with the Accounting Requirements of the Act have not been met.
2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
…………………………………..
Y E Adam
ACCOUNTANT 30th August 2022
Page 5
Sri Lankan Muslim Community of East London
INCOME AND EXPENDITURE ACCOUNT
for the YEAR ended 31st MARCH 2021
| Note Incoming Resources Income Received 2 Less: Resources Expanded Raising Funds 3 Direct Charitable Expenditure 4 Net Incoming Resources for the Year Total Funds Brought Forward Total Funds Carried Forward |
2021 Restricted Funds 73,103 1,042 54,239 17,822 801,492 819,314 |
2020 Restricted |
|---|---|---|
| Funds | ||
| 132,053 1,067 26,013 |
||
| 104,973 696,519 |
||
| 801,492 |
Page 6
Sri Lankan Muslim Community of East London
| Balance Sheet as at 31st MARCH 2021 Note 2021 Tangible fixed assets 5 417,738 Current Assets: Cash at Bank and in Hand 451,576 Debtors - 451,576 Creditors: Amounts falling due within one year 6 (50,000) Net Current Assets 401,576 Total Net Assets 819,314 Restricted funds 819,314 Unrestricted funds - Reserve Funds 819,314 |
2020 418,054 |
|
|---|---|---|
| 409,461 - |
||
| 409,461 | ||
| (26,023) 383,438 |
||
| 801,492 | ||
| 801,492 - |
||
| 801,492 |
The financial statements was approved on 30th August 2022 and signed on behalf of the Trustees.
..................................... Ahamed Mohideen Kalanther Lebbe Chair
Page 7
Sri Lankan Muslim Community of East London
NOTES to the FINANCIAL STATEMENTS
for the YEAR ended 31st MARCH 2021
1 Accounting Policies Basis of Accounting:
These Accounts have been prepared in accordance with applicable accounting standards.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Property NIL Office Equipment 25% reducing balance depreciation Fixtures & Fittings 25% reducing balance depreciation
| 2 3 |
Income Received Donations Activities for generating funds New Building Fund Raising Funds Bank Charges Terminal Charges Advertising & Promotion |
2021 53,328 2,220 17,555 73,103 (55) 823 274 1,042 |
2020 91,995 3,638 36,420 |
2020 |
|---|---|---|---|---|
| 132,053 | ||||
| - 880 187 |
||||
| 1,067 |
Page 8
4 Direct Charitable Expenditure
| 5 6 |
Activities in furtherance of objects Premises Expenses Administration Legal & Professional fees Depreciation Funeral Expenses- ( in 2021 funds seperates) Independent Examiner's Fees Project Exp Planning Application fees Professional Fees/Architect Door Security Hire Tangible fixed asset Cost At the start of the year Addition At the end of the year Depreciation At the start of the year Disposals Charge for the year At the end of the Year Net Book value Brought forward from 31/03/2020 Carried forward 31/03/2021 Creditors: Interest Free Loan Repayable on Demand |
- 9,420 1,071 479 316 - - - 5,721 36,432 800 54,239 Land & Building Equipment &Furniture 417,738 1,625 |
1,682 7,543 976 85 - 4,150 - 847 6,590 4,140 - |
|---|---|---|---|
| 26,013 | |||
| Page 8 Total 419,363 |
|||
| 417,738 1,625 |
419,363 | ||
| - 1,309 - 316 |
1,309 | ||
| - 1,625 |
1,309 | ||
| 417,738 316 |
418,054 | ||
| 417,738 - |
417,738 | ||
| 50,000 |
7 Related Party transactions
There were no related party transactions to disclose for 2021 (2020: None)
8 Taxation
The charity is exempt from the corporation tax as all its income is charitable and expended on charitable activities.