LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) Charity Registration Number: 1154615 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Infomiation of financial Statements Report of the Executive Committee Slalement of responsibilities of the Committee= Independent Examinevs Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes to the Accounts 11-12. Page2of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2024 MANAGEMENT COMMITTEE CHAIR PERSON Mr Mohammed Abdul Gous GENERAL SECRETARY Mr Juber Ahmed TREASURER Mr Enaylh Ullah Al Mumin ADDRESS LEMA 20 Alton Street Poplar London E14 6BZ BANKER Al Rayan Bank INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Chari .5 Trustees- Mr Mohammed Abdul Gous MrJuber Ahmed Mr Enayth Ullah Al Mumin Mr Zakir Hu5sain Mr Mohammed Shamsul Islam Mr Syed Rafiqul Hoque Mr Muhammad Delwar Hussain Mr Hassab Mohammed Babla Mr Abdul Malik Page 3 of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial stalemenls for the year ended 31 March 2024. Tlie Trustees have adopted the provisions of the Stateinenl of Recommended Practice (SORP) Accouiiting and Reporting by Cliarities issued in 2005 in preparing the annual report aiid financial statements of the Charity. Legal Status: Charity: Registered with the Charity Commission, Charity Number: 1154615 Objects, Principal ActivitRes and Organisation of the Charity The Charity's objects are t.or tlie benefit of the iiihabitaiits of London Borougli of Towel. Hanilets. and in particular trtembers of the Muslitn Minority Ethnic Coinmunities but exclusively who are in hardship by.. l ) To advance tlie islainic faith for the public benefit in such ways as the trLlStees shall deem fit. 2) The advancement of education and traiiiing, including religious education. 3) The relief of poverty and financial hardship. 4) The promotion and protection of good health. 5) The promotion of racial harinony for the public benefit by: al Promoting knowledge and mutual understanding between deifferent racial groups. b) Advancing education and raising awareness about different racial groups to promote good relations beiween persons of different racial groups. 6 To act as a resource for young people LIP to the ag7e 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 ski115. capacities and capabilities lo enable them to participate in society as independent. mature and responsible individuals. b) Advancing education. c} Relieving unemploement. dl Providing recreational and leisure lime 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, povety or social and economic circumstances with a view to improving the conditions of life of such persons. Page 4 of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 Organisation: A Management Committee, the members ofwhich are the trustees manages the affairs of the charity The Management Committee manages the business ofthe charity including the paying of all expenses Trustees: Trustees, who are all members of the executive cominittee, and who served during the year are set out on page 3. The trustees are elected at the Aniiual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meetin& wliere tliey can stand for re- electioii as members of the new Executive Committee. Trustees responsibilities in relation to the financial statements Tli¢ 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 aclivities of the charity and of its financial position at tlle end of that year. In preparing those financial statements ihe 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 lo charities in England and Wales requires the Trustees lo prepare Financial Statetnents for each financial year which give a true and fair view of the state of affairs of the charity and ol the incoming resources and application of resources of the charity for knat period. In preparing these Financial Statements. the Trustees are required to.. Select suitable accounting policies and then apply them consistently-, Observe the methods and principles in the Charities SORP." Make judgements and accounting estimates that are reasonable and prudent". Prepare the Finanual Statements on the going concern basis unles5 It is inappropriate to presume that the charity wll 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 hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities VOLUNTEERS: The Tiustees wish to record their appreciation on behalf of the Chartty and community for the volunteers who assist in the smooth running of the Charity and are crits'cal 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 lo 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. Page 5 of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) REPORT OF THE EXECUTIVE COMMirrEE FOR THE YEAR ENDED 31 MARCH 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased to note, that there were no incidents which gave rise lo 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 lo the need for the Trustees lo record on the Charity's Exceptions, Register. RELATED PARTY TRANSACTIONS: During the year the Charity was under the control of Trustees and Management Cornmittee 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 lo 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 al this level will ensure that. in the event of a significant drop in funding. They will be able lo 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 financi14 I position The Statement of Financial Activities shows nel surplus for the year of £76,594 and our accumulated funds Stand al £822.423 in lolal. AM Accountancy Services carried out an independent examination of the accounts included in the report. This report. which has been prepared in accordan￿ with the Statement of Recommended Practice {SORPI 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} Mr Juber Ahmed (General Secretary) Dale.. Page6of 12 Accountants, Report To the Trustees of LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2024 We report on the accounts for the year ended 31 March 2024 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 lo 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.. lal 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., (bl Having regard only lo. and on the basis of. the information contained in those accounts.. (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 (21 The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act. (3} This unaudited Account we have prepared in accordance wth the figure. information and explanation we have received from the management ofthe current committee. AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA AM ACCOUNTANCI'.SF.Riiicr.s 4.) 13kN JON%CIN IIL),11) LONDON Èl-Ib,4 TEL.. O?0 7790 6111 FAX.. O?0 7790 &OJJ Date.. Page 7 of 12 LANSBURY ESTATE MUSLIM ASSOCIATION {LEMA) Statement of Financial Activities (Income & Expense Statement) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Notes 2023 Total Incoming Resources Voluntary income: HMRC- JRS Grant Grant Friday Collection Moktab Collection Box Collection Cloths Bank Hafiz Class Memebership Fees Eid Collection Ramadan Collection Income from Arabic Class Other'Donations and Contribuliorts Profit from Al Rayan Bank {inlerestl Other Income: Donations Via Gift Aid & Just Giving Unrestricted Restricted 2.000 49,817 47.731 1,052 2.000 7.875 2,100 3,510 10,590 36,425 43.294 905 5,450 7,035 1.100 3,425 9,962 36.425 43,294 905 5,450 7,035 1,100 3.425 9.962 65,389 65,389 74,54 Total Incomin Resources 172,985 172.985 201.219 Resources Expended Direct Charitsble Expenditure Printing, postage, stationery & Advelisement Telephone, fax and photocopies Rent. Rates and service charges Light, Heat and Water Books and Materials Travelling Computerlsoftware Cleaning Caretaker Wages and Volunteer expenses Events and activities Pro ect Costs Direct charitable ex endilure 1,773 297 340 5.852 1.773 297 340 5.852 1.730 474 385 3.814 162 2.034 6.131 56.560 9.356 80,646 1.351 6.980 55,589 2,523 74.705 1.351 6.980 55,589 2.523 74.705 Management & Administration Expenses: Accountancy Legal & Professional Advertising and promotr.on Bank charges Insurance CRB fee Depreciation Sundry airs emenl & Administration Ex 1.200 5.700 1,200 5.700 700 390 2,575 1.845 2.575 1.845 2,138 2.226 8,840 8.840 8,201 Mana 1.526 21,686 1,526 21,686 enses.. 2.762 16,417 Total Resources Ex ended 96,391 96,391 97,063 Net Incoming Resources I (resources expended} 76,594 76,594 104,156 Net Movement funds for the period: 76,594 76.594 104,156 Total Funds Brought fonvard 745.829 745,829 641.673 Balance at 31 March 2024 822,423 822,423 745.829 Page8of 12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes Income Total expenditure Nel Surplus (Deficill for the financial year 172,985 96,391 76,594 There were no reco9nised gains other than those included in the Income and Expenditure Account for current year. Page9of12 LANSBURY ESTATE MUSLIM ASSOCIATION LEMA Statement of Assets & Liabilities ( Balance Sheet) As at 31 March 2024 2024 NOTE Fixed Assets Building Fixture. Fittings and Equipments 634,553 50,095 684,648 Current Assets Cash at Bank & in Hand 173.378 173.378 Current Liabilities Amount falling due lo one year Accruals 3.603 NET CURRENT ASSETS I ILIABILITIESI 169,775 Creditors Amount falling due after more than one year 32.000 TOTAL ASSETS LESS CURRENT LIA81LITIES 822.423 FUNDS: Brought Forward 745.829 ExcessllDeficit} of income over expenditure 76.594 Topi Funds 822,423 The financial statements were approveLI by the Executive Committee and signed on their behalf". Mr Mohammed Abdul Gous {Chairpersonl Mr Juber Ahmed (General Secretary) Mr Enayth Ullah Al Mumin (Treasurer) Date.. Dale.. The Notes on pages 10 to 12 form part of the financial statements. Page 10of12 LANSBURY ESTATE MUSLIM ASSOCIATION (LEMA) FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basls of Accounting Basis of accounting The Financial Slalements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value. The Financlal Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities {effeclive January 20151, 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 leffeclive January 20151 {SORP 2015). b. Grants Revenue grants are credited lo 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 musl be used in future accounting periods or donors, conditions have not been fulfilled, then the income 15 L1eferred. The income from fundraising ventures 15 shown gross, wlh the associated costs included in fundraising costs_ e. Resources Expended Resources eypendLd are included in the Statement of Financial Activitie5 on accruals basis, inclusive of any VAT that cannot be recovered_ Expenditure th