LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) Charity Registration Number: 1154615
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORTING ACCOUNTANTS:
AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111
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FOR THE YEAR ENDED 31 MARCH 2022
LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA)
| CONTENTS | Pages | |
|---|---|---|
| Information of financial Statements | : | 3 |
| Report of the Executive Committee | : | 4 - 5. |
| Statement of responsibilities of the | Committee: | 6 |
| Independent Examiner's Report | : | 7 |
| Income and Expenditure Accounts | : | 8 |
| Statement of Assets and Liabilities | : | 10 |
| Notes to the Accounts | 11 -12. |
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2022
MANAGEMENT COMMITTEE
CHAIR PERSON Mr Mohammed Abdul Gous GENERAL SECRETARY Mr Juber Ahmed TREASURER Mr Enayth Ullah Al Mumin
Mr Mohammed Abdul Gous
ADDRESS LEMA 20 Alton Street Poplar London E14 6BZ BANKER Al Rayan Bank
INDEPENDENT EXAMINER
AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111
Charity's Trustees:
Mr Mohammed Abdul Gous Mr Juber Ahmed Mr Enayth Ullah Al Mumin Mr Zakir Hussain Mr Mohammed Shamsul Islam Mr Syed Rafiqul Hoque Mr Muhammad Delwar Hussain Mr Hassab Mohammed Babla Mr Abdul Malik
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report and financial statements for the year ended 31 March 2022.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity.
Legal Status:
Charity: Registered with the Charity Commission, Charity Number: 1154615
Objects, Principal Activities and Organisation of the Charity
The Charity's objects are for the benefit of the inhabitants of London Borough of Tower Hamlets, and in particular members of the Muslim Minority Ethnic Communities but exclusively who are in hardship by:
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1) To advance the islamic faith for the public benefit in such ways as the trustees shall deem fit.
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2) The advancement of education and training, including religious education.
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3) The relief of poverty and financial hardship.
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4) The promotion and protection of good health.
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5) The promotion of racial harmony for the public benefit by:
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a) Promoting knowledge and mutual understanding between deifferent racial groups.
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b) Advancing education and raising awareness about different racial groups to promote good relations between persons of different racial groups.
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6 To act as a resource for young people up to the age of 25 living in Lansbury, Tower Hamlets and surrounding area by providing advice and assistance and organising programmes pf physical, educational and other activities as a means of:
a) Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
b) Advancing education.
c) Relieving unemploement.
d) Providing recreational and leisure time activity in the interest of social wlfare for people
living in the area of benefit who have need by reason of their youth, age, infirmity or disability,
poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA)
REPORT OF THE EXECUTIVE COMMITTEE
FOR THE YEAR ENDED 31 MARCH 2022
Organisation:
A Management Committee, the members of which are the trustees manages the affairs of the charity The Management Committee manages the business of the charity including the paying of all expenses
Trustees:
Trustees, who are all members of the executive committee, and who served during the year are set out on page 3.
The trustees are elected at the Annual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee.
Trustees responsibilities in relation to the financial statements
The committee or Trustees are required by charity's law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the Trustees are required to:
The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent;
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Prepare the Financial Statements on the 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 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011.
The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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
VOLUNTEERS:
The Trustees wish to record their appreciation on behalf of the Charity and community for the volunteers who . assist in the smooth running of the Charity and are critical in helping to keeps the running costs down
RISK REVIEW:
The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement.
All staff and volunteers are trained and have all the required statutory and regulatory clearances required.
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2022
SERIOUS INCIDENTS AND EXCEPTIONS:
The Trustees are pleased to note, that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise to the need for the Trustees to record on the Charity’s Exceptions’ Register.
RELATED PARTY TRANSACTIONS:
During the year the Charity was under the control of Trustees and Management Committee members as listed above. This report, which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small companies.
No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
Reserve Policy
It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to its expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. They will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Centre will actively work to achieve this level of reserves.
INDEPENDENT EXAMINER
According to the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required for this financial year. However due to provisions of the same act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Independent Examiner.
Transaction and financial position
The Statement of Financial Activities shows net surplus for the year of £98,102 and our accumulated funds stand at £641,673 in total.
AM Accountancy Services carried out an independent examination of the accounts included in the report.
This report, which has been prepared in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005.
Approved by the trustees and signed on its behalf by
This report was approved by the Executive Committee on and signed on their behalf.
……………………… Mr Mohammed Abdul Gous (Chairman) Date:
…………………………..
Mr Juber Ahmed (General Secretary) Date:
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Accountants’ Report
To the Trustees of
LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA)
FOR THE YEAR ENDED 31 MARCH 2022
We report on the accounts for the year ended 31 March 2022 set out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements.
Respective Responsibilities of Trustees and Accountants
As described on page 5 the trustees are responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.
Basis of Opinion
We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.
Opinion
In our opinion:
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(a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice – Accounting and Reporting by Charities;
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(b) Having regard only to, and on the basis of, the information contained in those accounts:
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(1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice – Accounting and Reporting by Charities, and
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(2) The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act.
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(3) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee.
AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA
Date:
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) Statement of Financial Activities (Income & Expense Statement) FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Notes Unrestricted Restricted Total Incoming Resources Voluntary income: HMRC - JRS Grant 1,888 1,888 LBTH Grant Friday Collection 57,042 57,042 Moktab Collection 61,173 61,173 Box Collection 2,302 2,302 Cloths Bank Hafiz Class 9,100 9,100 Memebership Fees 500 500 Eid Collection 5,210 5,210 Ramadan Collection 27 Night Donation 20,600 20,600 Income from Arabic Class Other Donations and Contributions 21,670 21,670 Profit from Al Rayan Bank (interest) Other Income: Donations Via Gift Aid & Just Giving |
2021 Total 21,272 25,000 30,324 10,593 2,516 0 490 200 1,818 0 715 50,377 |
|---|---|
| Total Incoming Resources 177,597 1,888 179,485 |
143,305 |
| Resources Expended Direct Charitable Expenditure Printing, postage, stationery & Advetisement 1,489 1,489 Telephone, fax and photocopies 121 121 Rent, Rates and service charges 355 355 Light, Heat and Water 3,063 3,063 Books and Materials Travelling 547 547 Computer/Software 150 150 Cleaning 1,411 1,411 Caretaker 4,700 4,700 Wages and Volunteer expenses 48,959 1,888 50,847 Events and activities(Project Costs) 589 589 |
1,050 15 1,467 2,470 150 587 198 34,858 |
| Direct charitable expenditure 61,385 1,888 63,273 |
40,795 |
| Management & Administration Expenses: Accountancy 700 700 Legal & Professional 2,952 2,952 Advertising and promotion Bank charges 1,874 1,874 Insurance 950 950 CRB fee Depreciation 9,067 9,067 Sundry 410 410 Repairs 2,157 2,157 |
600 1,610 189 380 9,722 1,398 |
| Management & Administration Expenses: 18,110 0 18,110 |
13,899 |
| Total Resources Expended 79,495 1,888 81,383 |
54,694 |
| Net Incoming Resources / 98,102 0 98,102 (resources expended) Net Movement funds for the 98,102 0 98,102 period: Total Funds Brought forward 543,571 0 543,571 |
88,611 88,611 454,960 |
| Balance at 31 March 2022 641,673 0 641,673 |
543,571 |
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA)
Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2022
| Notes Income Total expenditure Net Surplus (Deficit) for the financial year |
2022 £ 179,485 81,383 |
|---|---|
| 98,102 |
There were no recognised gains other than those included in the Income and Expenditure Account for current year.
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) Statement of Assets & Liabilities ( Balance Sheet) As at 31 March 2022
| NOTE Fixed Assets Building 2 Fixture, Fittings and Equipments 2 Current Assets Cash at Bank & in Hand Current Liabilities Amount falling due to one year Accruals 4 NET CURRENT ASSETS / (LIABILITIES) Creditors Amount falling due after more than one year 5 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Brought Forward 6 Excess/(Deficit) of income over expenditure Total Funds |
2022 £ 534,553 51,379 |
£ 585,932 108,242 52,500 - |
|---|---|---|
| 113,753 - |
||
| 113,753 5,511 |
||
| 641,673 | ||
| 543,571 98,102 |
||
| 641,673 |
The financial statements were approved by the Executive Committee and signed on their behalf:
………………………….. ………………………….. …………………………… Mr Mohammed Abdul Gous Mr Juber Ahmed Mr Enayth Ullah Al Mumin (Chairperson) (General Secretary) (Treasurer) Date: Date: Date:
The Notes on pages 10 to 12 form part of the financial statements.
Page 10 of 12
LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
a. Basis of Accounting
Basis of accounting The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value.
The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), and the requirements of 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 (effective January 2015) (SORP 2015).
b. Grants
Revenue grants are credited to the Income and Expenditure account on a receivable basis.
c. Donations
Donation are recorded on a receipt basis.
d. Incoming Resources
Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors' conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.
e. Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
f. Going Concern Basis
The financial statements have been prepared on the going concern basis, as in the opinion of the trustees, there are no issues arising which would suggest any other basis as being more appropriate.
g. Administration Costs
Administration expenditure includes all expenditure not directly related to the charitable activity.
h. Taxation
As a charity, they are exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
i. Depreciation:
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixture, Fitting and Equipment: 15 % on Reducing Balance method
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LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA)
FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS
| **2. ** | FIXED ASSETS COST At 01 April 2021 Fixtures and fittings Addition At 31 March 2022 DEPRECIATION At 01 April 2021 Charge for the year At 31 March 2022 NET BOOK VALUE At 01 April 2021 At 31 March 2022 |
£ £ £ Fixtures, fittings & Improvements Building and Construction |
|---|---|---|
| - - 55,089 506,810 561,899 5,357 27,743 33,100 |
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| 60,446 534,553 594,999 |
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| - - - 9,067 - 9,067 |
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| 9,067 - 9,067 |
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| 55,089 506,810 561,899 |
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| 51,379 534,553 585,932 |
3. Net Surplus of the Financial Year
The excess of expenditure over income is stated after charging:
| Accountants' remuneration Depreciation 4. Creditors and Acruals Accountancy PAYE 5 Creditors Amount falling due after more than one year Interest Free Loan (Karde Hasana) Opening Balance as at 01/04/21 Received Repaid Balance as at 31/03/22 6. Funds/Capital Balance at 31 March 2021 Balance at 1 April 2021 Excess/ (Deficit) of Income over Expenditure Balance at 31 March 2022 |
2022 £ 700 9,067 1,500 4,011 |
|---|---|
| 5,511 | |
| 2022 96,000 23,500 67,000 |
|
| 52,500 | |
| 2022 £ 543,571 |
|
| 543,571 98,102 |
|
| 641,673 |
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