## 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**| 1 Sri Lankall Muslitn Foundation Leicester rorihc >car endcd 31, M3r**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| 5 ## **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**| |---|---| 6 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| |---|---| 8 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 9