Charity Registration Number: 1133328 LEYTONSTONE MUSLtM COMMUNITY CENTRE ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024
LEYTONSTONE MUSLIM COMMUNITY CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 July 2024 CONTENTS Page Reference and Administrative ]nfOrnll0n Trustees Annual Report 3to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8t0 11
LEYTONSTONE MUSLIM COMMUNITY CENTRE CHARITY INFORMATION For the year ended 31 July 2024 Reference and Administrative Inforniation Chdrity number.. 1133328 Registered oJfi¢e and OperalionalAddre&F.' Crosby House. 2A Carlton Road. London. El13AQ Independent Exominer H.A. Bhula, 5 Howard Street. Gloucester, GLI 4UR Bankers Natwest. L£ytonstone BranclL 694 High Road. Leytonstone, London. El13BA Trus1¢ The Trustee5 serving during the year and since the year eThl were as follows: Shahed Malek (Chairnwj) Abbas Limbada (Secretary) Arif Master (Treasurer) Moosa Loonat Ashraf Loonat Imran Iqbal Patel Faizul Khan Suleman Ahmed
LEYTONSTONE MUSLIM COMMUNITY CENTRE TRUSTEES'ANNUAL REPORT For the year ended 31 July 2024 The Board of Tnjstees have pleasure in presenting The Annual Report and unaudited Financial Staiements of the chariiy for the year ended 31 July 2024. Legal St¥tUS 2nd Governance Lejrtonstone Muslim Community Centre (LMCQ is registercd a5 a charity with the Charity Commission. It is governed by a Constitutio[4 a copy of which is available from Ihe Charities otTice. The Truslees are required to act in the best inlerest of the Charity and its beneficiaries. Training and information provided include5 advice about the role of Tnjstees and Charity law. The Trustees make no personal gain from the Charity. Aims 2nd Objectives of tbe charity The aim of the LMCC is to run projects in conjunction wilh the local government for enhancing community cohesion and to help young children develop professional ski115 and understand true Islamic ¢ulture and values. Organisation#l Strneture The Trustees are elected in accordance with the constitutio Financial Controls The Trustees have overnll contrnl of the organisation's finance5. The daily management of tbe organisation's activities is delegated to the Executive Committee. Investment power5 and restrictions Tbere are no restrictions as to where funds may be invested but wlicy must be agreed by thc TNstees and the Management Committee. Risk M4nagemenl The Trustees review these risks on an ongoing basis and satisfy themselves that adequaie systems and procedures ar¢ in place to manage the risks identified. Wher¢ appropriate, risks are covered by the organisatio. insurance. The following framework is central lo ensuring adequat¢ risk management: Rcgular monitoring of major risks and dcvelopment of action plans. Etnb¢dding risk idenliflcatlon and assessmenl ivithin op¢raling procedures. A clear slruciure of delegated aulhority and control- Review of key systems and procedures. In assessing risk Tnlstees recognise that some are&s of our work require ihe acceptance and management of risk if our key objectives are lo be achieved.
LEYTONSTONE MUSLIM COMMUNITY CENTRE TRUSTEES'ANNUAL REPORT (conllnued) For the year ended 31 July 2024 Financial Review Reserves Policy The Board has set a Reserve of Restricted Funds equivalent lo at least three months operatTng costs. The reserves of £23,623 do satisfy this criterion. Prineipal Funding Sources Of the £30,998 income ft)r the year 98 /D came from rental income and 20/0 from fundraising activities and donatio. There were no Grant incomes in the year (2023 £Nil) and no income from events and aclivities (2023 £Nil). More detail about income for the year and ihe Charity's financial position at the end of the year are shown in the Financial Statements on pages 6 10 7. Principal Expenditure Items Premises costs tolalling £30.248 forn]ed 98 /0 of total expenditure. The valuable time given by unpaid volunteers, including Trustees. is not quantified and not included in this figure. The deficit for the year nullted to £ (7). (2023 deficit, £ (1,968)). Responsibilities of the B02rd olTrustees The Board of Trustees are required to prepare Financial Ststements for each financial year that give a true and fair view of the of ihe charilable company a5 at the balance sheet date and of its incoming resources and application of resources. including income and expenditUTe. for the fmancial yedr. In preparing those Financlal Statements the Trustees are required to: Select suitable accounting policies and ihen apply them consislently Make judgetnen¢S and eslimales thal are reasonable and prudent State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fmancial accounts Prepare the Financial Statements on the 'going concern basis unless it is inappropriote to presume that th¢ company will Continue in business The trustees are rdsponsible for keeping proptr accounling rordS which disclose with reasonable accuracy at any time the financial position ofthe charity and to enable them io ensur¢ that the fi2n¢la1 a¢counts comply wilh the Charities Aci 2011. Thcy are also rcspon5ibl¢ for safeguarding ihc assets of the company and hence for thking reasonable steps for ihe prevention and dde¢tion of fraud atxl other irregulariti¢S. This report has been prepared in accordance with the above principles in mind. Approved by the Board of Truslees on 15 April 2025 and signed on ils behalf by: Arif Master TreaSurerrrnec A4 LbQ
LEYTONSTONE MUSLIM COMMUNrrY CEhryRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LMCC I rep)rt on the accounts of the Trusl (Charity no. 1133328) for the year ended 3 E July 2024. which are set out on pages 6 to I l. Respective responsibilities oftrustees and arniner As the chaTlty's trustee5 you are responsible for the preparation of the accounts; you consider that an audit is not required for ihis year under section 144 of the Charities Act 2011 ('the Charities Act") and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act and to state whether matters have come to my attention. Basis of independenl examiners reporl My examination was carried out in ardallcc with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Trust and a comparison of the accounls presented with those records. It a]so includes the consideration of any unusual items or disc105ures in the A¢¢ounts and seeking explanations from you as trustees concerning any such mailers. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the accounts. Independent arn[ners report In connection with our exarninat1o no material matter has come to my attention which gives me cause lo believe that io ally material respect: The accounting records were kept in aOrdanCe with section 130 of the Charities The accounts did not accord with the oUnting r¢¢ords" or The accounts did not comply with the applicable requirements concerning the forni and content of Accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair'view which is noi a matter considered as part of an independent examinaiion. I have come across no other mallers in connection with the ¢xamiDation lo which ai(ention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. H A BHULA (FCCA) Chartered Certified Accountant 5 Howard Street Gloucester. GLI 4UR Dale- I S April 2025
LEYTONSTONE MUSLIM COMMUNITY CENTRE STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 July 2024 TOTAL FUNDS 2024 TOTAL FUNDS 2023 UNRESTRICTED RESTRicfED FUNDS FUNDS INCot[NG RESOURCES IiicoNiiiig resourcesfrom geiieraled fuiids Voluntary income Rental income 600 30.398 600 30.398 670 29.004 Incoiiiing resourcesfrom chan"iable activities TOTAL INCOMING RESOURCES 30,998 30,998 29,674 RESOURCES EXPENDED Direct Cliaritable Eypendilure Premises costs Evenls and Confrrences General and Administrdtive expenses 30,248 30.248 29,892 757 757 1,750 Governance costs TOTAL RESOURCES EXPENDED 31,005 31,005 31,642 Net movement in funds (7) (7) (1,968) Reconciliation of funds Total fvnds brought forward 23,630 23,630 25,598 Total funds carried forward 23,623 23,623 23,630 The Charity has no recognised gains or losses other than the results for the year as sel Out alx)ve. All the activities of the Charity are classed as continuing. The notes on pages 8 to I I forni an integral part of ihese financial stalemenls
LEYTONSTONE MUSLIM COMMUNITY CENTRE CONSOLtDATED BALANCE SHEET As at 31 July 2024 Note 2024 2023 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Lease deposits Cash at bank and in hand 4.500 4,500 880 28,380 28.873 LIABILITIES Creditors: amounts due within one year NET CURRENT ASSETS 27,373. 27,380 LONG TERM LOANS & ADVANCES Interest free-Personal LoaDS (3.750) (3.750) NET ASSETS 23,630 Financed by: ACCUMULATED FUNDS Unrestricted Restricted 23,623 23,630 TOTAL CHARITY FUNDS 23,623 23,630 These Financial Siatemenls were approved by th¢ Board of Trustees on 15 April 2025 and were signed on its behalf by. /L&L Mr A Master Treasurerrrruslee Mr S Malek Cha]rnMrrUsIee The notes on pages 8 to I I forn] an integral part of ihese financial slalements
LEYTONSTONE MUSLIM COMMUNITY CENfRE NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2024 I-ACCOUNTING POLICILS The principal accounting policies, all of which have been applied Consistently throughout the year. are set out below: B45is of accounting The fmancial statements have been prepared in ac¢oTdancc with the Charities SORP (FRSSE) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) the Financial Reporting Standard for Smaller Entities. Assets and liabilities are initially recognised at hi510ri¢al cost or transaction value unless otherwise stated in the relevant accounting policy notels). b) Funds Y4ccounting Funds beld by the Charity are: Unrestricted funds these are generdl funds that are available for use at the Trustees, discretion in fiwtheranre of the objectives of the Charity. Restricted fvnds - tbese are fijnds that can only be used for restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when fijnds are raised for restricted putposes. Incoming resources Voluntary income including donations and grants tbat pmvide core funding or are of a general nature is recognised where there is enlitlemeni. certainty of receipt and the amount can be measured with enough reliability. Incoming resource5 from tax claims are included in the statement of fanCIal activitie5 at the time when income As received from the In]and Revenue. d) Resources expended Resources expended are recognised as soon as Ih¢re is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted. for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Cost5 of generating funds are the costs of trading for fundraising purposes. Charitable expenditure comprises those cosis that are incurred by the charity in Ihc deliv¢ry of its activities and services for its beneficiaries. Governance costs include Ihose incurred in Ihe governance of its &8sets and are primarily associated with constitutional and slalutory requirements.
LEYTONSTONE MUSLIM COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 July 2024 I-ACCOUNTING POLICIES-(eontinued) Donated goods and voluntcer services The Charity has not received any goods for use by the Charity itself. The value of services provided by volunteers is not incorpornted into these Financial Statements. Taxation LMCC is a registered Charity under the Charities Act 2011 and as such is exempt from taxation of its income and capital gains. Iruiming resOUeS from lax claims are included in tbe statement of fancIal activities al the sarne time as the gift to which they relate. Fixed Assets and depreeiatioll Building Extension has been depreciated over 10 years on a straight-line basis and is now fully depreciated.
LEYTONSTONE MUSLIM COMMUIYITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 July 2024 2-VOLUNTARY INCOME Voluntsry income for the year falls into the following categories. UNRLSTRICTED RESTIUED FUNDS TOTAL TOTAL FUNDS 2024 2023 Appeols andDoii&iiLTrns Imcome T4¥Refunds 600 670 600 670 3-INCOMING RESOURCES FROM CHARITABLE ACTIVITIES VhrylEsriucrED R£sfiucTED TOTAL TOTAL FDs FUNDS FUNDS FUNDS 2024 2023 LoealAMthority GranÉs -Londoll Borough of Waltham Fore Oiher Fund-Raisin8 income -Events and Activitie5 Trtgl In¢omittg rtsourees 4-COST OF CHARITABLE AcfiviTILS The amount spent on clwitable activities is analysed as follows: u1YRERIcrED REsriucrED FUNDS FUIYDS TOTAL FVIYDS 2024 TOTAL FUNDS 2023 Pr¢niises c•mS R¢nl Maintenance Business and Water Rates 28.992 992 2&992 1256 30.248 1.256 30248 900 29.892 Events olldconferences Youth Training Events and activities Tuition aasse5 Donations GeDerg1 Admini51rntivt Expenses 51KI 257 500 257 880 160 71 Telephone and Inten)et tharges H¢at and Light Bank charges and SEXPenSes Ikprcciation 757 7S7 1,750 10
LEYTONSTONE MUSLIM COMMUNITY CENTRE NOTES TO THE FINANCtAL STATEMENTS (continued) For the year ended 31 July 2024 5-GOVERNANCE COSTS The governance costs consisted of the following costs: 2024 2023 Legal and professional fe 6-FtXED ASSETS Buildlng Ext¢n$ion Total COST At l August 2023 Additions Disposals At 31 July 2024 44.595 44,595 44595 44,595 DEPRECIATION At l August 2023 Charge lor Year Eliminated on Dispwl At 31 July 2024 44,595 44,595 44.595 44,595 WRITTEN DOWN VALUE At 31 July 2024 At 31 July 2023 7-DEBTORS 2024 2023 Prq)aymcnts aThl accrued income 8-CREDITORS AND ACCRUAIS: amount5 falling due within l year 2024 2023 Cash Adwdnc&s Accruals 9-CONTINGENT LIABILITIES At 31 July 2024 LMCC had no known contingenl liabilities. 10-CAPITAL COMMrrMENTS 2024 2023 Capital expenditure that has been contracted for h&5 not be¢n provided for i the Financial Staiements NIL NIL Capiial exPendine that has been authorised by ib¢ TTUSIXS but not been contracted for NIL NIL