2023-03-31-accounts

Sri Lankan Muslim Foundation Leicester

39 Edgehill Road, Leicester, LE4 9EA

TRUSTEES’ AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2023

Charity no: 1137869

Sri Lankan Muslim Foundation Leicester For the year ended 31[th] March 2023

CONTENTS

Charity Information	1
Trustees Report	2
Statement of Trustees Responsibility	3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Income and Expenditure Statement	6
Balance Sheet	7
Notes to the Accounts	8 - 9

Sri Lankan Muslim Foundation Leicester For the year ended 31[th] March 2023

CHARITY INFORMATION

Trustees	Fazlan Abdul Samad
	Fawas Mohamed Farook
	Mohamed Aslam Jamaldeen
	Nisaf Rasheed
	Mujahir Mohamed
	Mohamed Fahir Samadu
	Mohammed Imthiyas Abdul Gaffor
	Mohamed Razin Ahamed
	Nisfer Zubair
	Mohamed Zahras Duwahir
	M Shajid Mohideensha
	Mohamed Nilam Mohamed Sadurdeen
	Ryze Mohamed
Registered Number	1137869
Registered Office	39 Edgehill Road
	Leicester
	LE4 9EA
	United Kingdom
Accountant	Tally Tax Accountants Ltd
	40 Ash Tree Road
	Oadby
	Leicester
	LE2 5YB
	United Kingdom
Bankers	Al Rayan Bank Plc
	London Road, Leicester Branch
	Barclays Bank Plc
	Belgrave Road, Leicester Branch

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Sri Lankall Muslitn Foundation Leicester rorihc >car endcd 31, M3r<h 2023 TRUSTEES REPORT The trustees presenl their report and the financial stalements for th¢ Year ended 31° March 2023 Activities and objeetiN'es The principal activity of the Sri Lankan Muslim Foundation [Ki￿￿ter (SLMFL) is to help the community to facililate tor prayers. religious educalion and events. AchievemeTrts The charity SLMFL bought a property on 39 Edgehill Road, Off Gipsv Lane, Leicester, LL4 9EA. Finllneial review During the year cndcd 31 March 2023. the Charity received an incomc totalling b9,1113 {21122- £87,803). This included iK)ih subscriptions and voluntarv donations tlial are di%clo%cd iii fiiiancia -) was £61034. stlllcincnts. The exTKndsturc of thc charity for the ycar ended March 20) The financial Statements were approved and signed by the following Trustees Signe Dated= Fazlan A￿ul Samad Pr¢5ident

Sri Lankan Muslim Foundation Leicester For the year ended 31[th] March 2023

STATEMENT OF TRUSTEES RESPONSIBILITY

The Trustees are responsible to prepare the annual report and financial statements for each financial period, which give a true & fair view of the state of affairs of the charity and of the deficit or surplus income for that period. In preparing those financial statements, the trustees are required to:

• Select suitable accounting policies & then apply them consistently.

• Make judgements and estimates that are reasonable and prudent.

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the firm will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 1993. They have general responsibility for taking such steps is reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

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Sri Lankan Muslim Foundation Leicester For the year ended 31[th] March 2023

INDEPENDENT EXAMINER’S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS

We have prepared the financial statements of Sri Lankan Muslim Foundation Leicester for the year ended 31 March 2022 which comprises of the statement of financial activities, the balance sheet and the associated notes.

Respective responsibilities of trustees and independent accountant

As the charity’s trustees you are responsible for the preparation of the accounts, which you appointed us under section 43 of the Charities Act 1993 and report in accordance with regulations made under section 44 of that Act. It is our responsibility to examine and express the opinion on the financial statement.

Opinion on the financial statements

My assessment gave reasonable assurance that the financial records kept by the charity are free from material misstatement, whether caused by fraud or error. 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 ‘true or fair view’ and the report is limited to those matters set out in the statement below.

We have nothing to report in respect of the following matters where the Charities Act 1993 requires us to report to you if, in our opinion

1. The information given in the Trustees’s Annual Report is inconsistent in any material respect with the financial statements; or

2. Sufficient accounting records have not been kept; or

3. The financial statements are not in agreement with the accounting records and returns; or

4. We have not received all the information and explanations we require.

Aamir Parkar Independent Examiner Tally Tax Accountants Ltd 40 Ash Tree Road Oadby Leicester LE2 5YB

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SRI LANKAN MUSLIM FOUNDATION LEICESTER

Statement of Financial Activities

For the period 01/04/2022 ending 31/03/2023

Notes Incoming resources Voluntary income 2 Resources expended Governance costs 3 Total funds bought forward	Unrestricted funds £ 59,013 59,013 68,034 68,034 341,162 332,141	2023 £ 59,013 59,013 68,034 68,034 341,162 332,141	2022 £ 87,803
			87,803
			66,884
			66,884
			320,243
			341,162

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SRI LANKAN MUSLIM FOUNDATION LEICESTER

Income and Expenditure Statement

For the period 01/04/2022 ending 31/03/2023

Income Cost of Sales Total income Operating expenditure Operating surplus/(deficit) Interest payable and similar charges Surplus Income	2023 2022 59,013 87,803 (442) 58,571 87,803 ( 67,592 ) ( 66,884 ) 9,021 - 20,919 - - 9,021 - 20,919

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SRI LANKAN MUSLIM FOUNDATION LEICESTER Balance sheet as at 31.03.2023 Notes 2023 2022 Fixed Asset5'. Tangible Assets 318.145 322.744 Current Assets: Cash at bank and in hand Debtors Closing Stock 29,234 35.715 25,000 Creditors: amount falling due within on year 2,897 4,074 52,219 56.641 Net current a55ets 370,364 379,385 Funds Unrestricted income funds 370.3 379,385 370.364 379,385 The financial statements were approved by the trusttts and signed on its behalf by Signed.. Natll¢.. Fazlan Abdul Samad (President) ozj Dated.. Signed: .. Name: Abdul Gaffor Mohamed Imthiyas (Tieasurer Dated..

Sri Lankan Muslim Foundation Leicester For the year ended 31st March 2022

Notes to the financial statements

1. Accounting Policies

a) Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities published in 2005 and applicable UK Accounting Standards and the Charities Act 1993.

b) Incoming resources

All incoming resources are included in the SOFA statement of financial activities when charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Income has been generated to subscriptions and donations and is included in full in the SOFA.

c) Resources expended

All expenditure is accounted on an accrual basis and has been classified as liability.

Costs of generating funds incurred in seeking voluntary contributions.

d) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is calculated to write off the cost less residual value of each asset over its useful life, as follows:

Land and buildings: Straight line basis at 1%

2. Voluntary income

2. Voluntary income
	Unrestricted	2023
	Funds	Total
	£	£
Class income	23,582	23,582
Donations	23,346	23,346
Subscriptions	10,265	10,265
Sales - Transceivers	605	605

3. Governance cost

Cost of sales Establishment – Rates & water Establishment – Light & heat Establishment – Repairs Professional – Accountancy fees Office expenses – Printing, Postage & Stationery Other charges – Bank charges & Sundries Depreciation & impairment	Unrestricted Funds Total £ £ 442 442 95 95 7,766 7,766 4,787 4,787 225 225 131 131 51,089 51,089 3,499 3,499 68,034 68,034

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Sri Lankan Muslim Foundation Leicester For the year ended 31st March 2022

Notes to the financial statements

4. Tangible fixed asset Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book values At 31 March 2023 At 31 March 2022 5. Creditors: amount falling due within on year Accruals - Accounts Fees Accruals - Wages HMRC - Paye Others - NEST Pensions 6. Unrestricted funds Description for Unrestricted fund	Land & Buildings £ 341,532 341,532 20,449 3,415 23,864 317,669 321,083 At 1 April 2022 £ 379,385	Fixtures, fittings and equipment £ 2,278 1,100 - 1,178 617 84 701 477 1,661 Incoming Resources £ 59,013	Total £ 343,810 1,100 - 342,710 21,066 3,499 24,565 318,145 322,744 2023 225.00 2,105.00 226.00 341.00 2,897.00 Outgoing Resources £ 67,592	2022 250.00 3,047.00 441.00 336.00
				4,074.00
				At 31 March 2023 £ 370,806

Purposes of unrestricted funds

The reserves are utilised for maintenance, overheads and get together expenses for Eid, Ramdhan and programmes

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