## **Sri Lankan Muslim Community of East London** **Charity Number: 1131486** **FINANCIAL STATEMENTS** **31st MARCH 2022** **Sri Lankan Muslim Community of East London** ## **CONTENTS** ## **for the YEAR ended 31st MARCH 2022** |**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 2022** |**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 2022** The Trustees have pleasure in presenting the Financial Statements of the Charity for the year ended 31st March 2022 ## **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. During course of this financial year a number of pre-construction professional assessment were undertaken and agreement with local authority was agreed. **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 29 January 2023** **Page 4** ## **INDEPENDENT EXAMINER’S REPORT to the TRUSTEES of** ## **Sri Lankan Muslim Community of East London** ## **for the YEAR ended 31st MARCH 2022** We report on the Accounts of the Charity for the year ended 31st March 2022 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 29/01/2023** **Page 5** **Sri Lankan Muslim Community of East London** ## **INCOME AND EXPENDITURE ACCOUNT** ## **for the YEAR ended 31st MARCH 2022** |**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**|**2022**
Restricted
Funds
**170,080**
**1,237**
**55,053**
**113,790**
**819,314**
**933,104**|**2021**
Restricted| |---|---|---| |||Funds| |||**73,103**
**1,042**
**54,239**| |||**17,822**
**801,492**| |||**819,314**| **Page 6** ## **Sri Lankan Muslim Community of East London** |**Balance Sheet**
**as at 31st MARCH 2022**
**Note**
**2022**
**Tangible fixed assets**
**5**
**417,738**
**Current Assets:**
Cash at Bank and in Hand
**550,577**
Debtors
-
**550,577**
**Creditors:**
Amounts falling due within one year
**6**
**(35,211)**
**Net Current Assets**
**515,366**
**Total Net Assets**
**933,104**
Restricted funds
**933,104**
Unrestricted funds
-
**Reserve Funds**
**933,104**||**2021**
**417,738**| |---|---|---| |||**451,576**
-| |||**451,576**| |||**(50,000)**
**401,576**| |||| |||**819,314**| |||**819,314**
-| |||**819,314**| The financial statements was approved on 29th January 2023 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 2022** ## 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|**2022**
127,676
1,858
40,546
170,080
124
124
989
1,237|**2021**
53,328
2,220
17,555|**2021**| |---|---|---|---|---| ||||73,103|| ||||(55)
823
274|| ||||1,042|| **Page 8** |4
5
6
7|**Direct Charitable Expenditure**
Activities in furtherance of objects
Premises Expenses
Administration
Legal & Professional fees
Depreciation
Independent Examiner's Fees
Planning Application fees
Professional Fees/Architect
Staffing Cost
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 01/04/2021
Disposals
Charge for the year
**At the end of the Year 31/03/2022**
**Net Book value at 31/03/2022**
**Brought forward from 31/03/2021**
**Carried forward 31/03/2022**
**Creditors:**
**Interest Free Loan**
Repayable on Demand
**Other Taxation and Social Security**
**Related Party transactions**|2,498
13,045
2,255
600
-
-
-
19,284
16,651
720
55,053
**Land &**
**Building**
**Equipment**
**&Furniture**
**417,738**
**1,625**|-
9,420
1,071
479
316
-
5,721
36,432
-
800| |---|---|---|---| ||||54,239| ||||**Page 8**
**Total**
**419,363**| |||**417,738**
**1,625**|**419,363**| |||**-**
**1,625**
**-**|**1,625**| |||**-**
**1,625**|**1,625**| ||||| |||**417,738**
**-**|**417,738**| ||||| |||**417,738**|**417,738**| ||||| |||**417,738**
**-**|**417,738**| |||**35,000**
**211**
**35,211**|**50,000**
-| ||||**50,000**| ||||| There were no related party transactions to disclose for 2022 (2021: None) ## 8 **Taxation** The charity is exempt from the corporation tax as all its income is charitable and expended on charitable activities.