Charity reglstration number 1164657 Company registration number CE005769 (England and Wal•sl SRI LANKAN MUSLIM CULTURAL CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 SRI LANKAN MUSLIM CULTURAL CENTRE UK LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA R MunawaT MT M A Mohamed Ibrahim Mr S M Razeen Mr M Maieelh Mr H Mohamed Mrmmltyas Mr S M Lareel Mr A H Mohamèd Lafir Mr M Junaideen Mr M L Mohamed M(w500P Basheer Mi M Noordeen Mr N Farook Mi F FarLeen MI M Muba$sJr (Appoinled 1 May 20231 (Appoinled 1 May 20231 IAppoinled 1 May 20231 IAppoinied 1 May 20231 (Appointed 1 May 20231 IAppoinled 1 May 20231 IAppoinled 1 May 20231 IAppoinled 1 May 20231 IAppoinled 1 May 20231 IAppoinled 1 May 20231 (Appointed 1 May 20231 IAppoinled 1 May 20231 Charity number 1164657 Company numb•r CE005769 Prlnclpal 4ddrg5¥ 2 Whrtelnars Avenue Harrow Middlesex Uniled Kingdom HA3 SRN RegiBter•d offlce 2 whileln.ars Avenue Harrow mIdd￿seX Uniled Kingdom HA3 SRN Audltor Reddy Siddiqui LLP 183-189TheVa Adon London Unrted Kingdom W3 7RW SRI LANKAN MUSLIM CULTURAL CENTRE UK CONTENTS Page Trustèes rèport Statement ol Truslees responsibililies Inijependent audrtorfs feport 9-10 Slal&menl of financial activities 11 Balance sheel 12 Notes lo the financil stat&ment$ SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their reporl and financial slalements lor Ihe year ended 31 December 2023. The financial statements have been prepared in accordance wilh the actounting Oiaes set out in note I lo the financial slalemenls and compty wilh Ihe CIO'S constitution. the Companies Acl 2006 and "Accounting and Reporting by Chaiities.. Slalèment ol Recommended PraCt￿e applicable to charilies preparing their accounls in accordance with the Financial Reporting Slandard applicable In the UK and Republic of Ireland IFRS 1021. las arnended for accounling penods commenrjng Irom 1 January 20161 Objectives and activities Our objeclives are set to reflect our failh and community aim5. Eath yèar oui tiustees feview our objèctives and activities lo ensure Ihey continue to reflecl our aims. In c8rrying oul this review the Iruslees h8ve con5ideied the Charity Commission's general guidance on public benefit aT)d in partic￿or ils supplefflenlary publ￿ guidance on the advancemenl ol religion loi the public benefil. Our aims remain lo prowde a lacilily as a worship place Muslims and fac41rtate community activities for Sri Lankan Muslims in UK and Muslim inhabitants ol Harrow. Ouf long term ambition is lo improve their faith and to mainlain confidence. respeth and peace amon9 Ihe Community Ihrou9h our activities. The objecls ol Ihe chaiily are sel OLrt in Ihe chatrfvs c(Jnslrtution and are summarised as.. 1. To advancè thè Islamic Rèligion. 2. To promote the Islamic and Secular education, sport and leisure aclivrties. 3. To relieve Ihose who are in condition$ ol poverty. 5￿kneSS and di$lre$$ or thosè who ale otherwise in charitable need. The Trustees have paid due regard lo guidance issued by Ihe Charity Commission in deciding what a¢liwlie5 the CIO should undertake. SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTMTIES Significant activities Charitable Activiti•s The charrty engages in a diverse range of act1w￿¥ aligned wrth its charitable objectives. The Iruslees deem these activities, summansed below. to be beneficial for Wofshippers at our Centre, Sri Lankan Muslims in Ihe Uniled Kingdom, and Ihe broader Harlow community. Religious and Social Activities.. Ouf Centre serves as a place of worship 8nd congregalion, h05ting events integral io our failh and culture. Durin9 Ihe reviewed period. we offered a vawiety ol religious serwces and activities. including. Prayers.. The Centre remains 8cces5ible Ihroughoul the day for daity and Friday prayers. The average weekly altendance for prayer5 exceed5 2,450 Individuals. nearty doubling during Ramadan. The congregation for the Friday 'Jumuah' prayer consislenlly exceed5 1.000 attendees. The Frjday sermon and weekly talks afe delivered in English. Ramadan: This period wilnesses Ihe highesl lootlall. with approximalety 1.000 10 1,500 indivsduals allonding congregalional prayers every day. 11 poses challenges for our dedicaled Staff 8nd volunteers. who work tirelessly Into the night lo facililate special Pfayers altended by Ihousands Each evening. lh& Mtssque provides free Iftar meals lol an average of SOO mèn and women. The Mosque conducts six congre9alion81 prayers on each of the two Eid mornin9$. tslenng to over 6,(W worshippèrs for Eid al-Frtr and Eid akAdha. Quran ond 18lamic Edu¢atlon#l Classes: Learning and memoiising Ihe Qur'an hold significant importance in religious education. 151amic Èducational classes are cond¢Jcted regularly. oltering this lacilily lo Ihe young members ol our Muslirn communrty. Ovtr 800 young Indsviduals altentJ these classes regularly. designed lo caler lo individual progre58 and conducied on diffeienl days. Islamic L•cture$.' We routinely organi5e Islami¢ leclufe$ dèlwefed by knowledgeable scholars on diverse subjects. These lectures. held al our Centre. aim lo ¢Jissemin8le Islamic knowledge within Ihe Muslim community and losler social cohesion. The promts1￿ ol authenlic Islamic teachings prevents misunderstandings and facilitates spirrtual and academic growlh in a se¢￿￿ enwronmenl. Zakat: Our failh emphasises the obligatH)n ol offering Zakal by those able lo do so. Thè Cenlre collects Zakal in a¢¢ordance with Islamic teachings, distributing il for various purposes. Including aiding others and advancing Islarnic education. Additionally. we lacililate the donation of Zakat through regislered UK ¢harilies like Islamic Relief and Human Appeal. as well as Ihrough regislered thawities in Sn Lanka. SLMCC undertakes this collection and distribution of Zakat withtsut charge. SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Qurbani.. The Centie collects contributions for OU￿an1 (Animal s3￿rice) during the HaD feslival from individuals. These wnlributions are then distribuled among Ihe less fortunate in Sri Lanka. Dlsaster Relief: The Centre collects donations independentfy OT in collaboralion wilh relief organisalions lo assist affected Individuals. Funds raised lor various causes arè d15tribuled Ihrough partner charities. Isl•mi¢ Higher Education Proj•ct- In 2019. WÈ successrfully acquired premises al 2A. Tudor Road. Harrow, lor the establishment ol Northwest London's lirsi centre lor Islamic Higher Studies. This piojecl aims to nurtLJre lulure leaders, Imaams. Alimas. mèntors. and teacher5 who embrace Brilish culture and herilage while upholding a strong Islamic idenlily. SLMCC harbouf5 ambitious goals for this projecl, mtsch like our Madiasah that commenced with onty two classes and 30 sludents In 21)02. Over the past 21 years. we've pfoduced over 50+ Huffaz. many tsf whom leach In our Madrasah. lead Taraweeh prayers. or pursue Islami¢ Highef Education elsewhere due lo current limitations at SLMCC. Our objective Is lo establish a full-lime academic Islamic Studies programme, combining Iraditional Islamic learning wrth contempoiary scholaiship. Furthermore. we intend lo create on-sile and online short educalional progiammes a¢¢e$stble to a ￿der audience unable lo commit lo the lull-lime curriculum. Community Activiti•s: Sports and Soclal ActSvltlès'. We annually organise sporis adivilies lor bolh children and adults In the Sri Lankan Muslim community and Harrow 81 large. This year. we held the SLMCC Football Touinamenl. feaiufing mlilliple age group competitions Additionally. the SLMCC Father & Children Campirig èven1 Itssleied boriding and growth aelivilies lor fathers 8nil their children. Lastly. the SLMCC Annual Badminitsn Tournamenl promoted sportsmanship and heallhy compelilion wilhirb Ihe community. Youth Club.. In p8rlnership wrth ABYF. we hosl ￿-weekty Friday youlh dub $es5i0n$ in the evening. These sessions are open lo boy5 and girls aged 10 10 18. foslering friendships. ski115. and knowledge in an enjoyable and enriching environment. Iniertalth Actlvities: We airange diverse events lor the lo¢al communrty lo promote inleroommunily engagement and dialogue. Community Support.. The SLMCC-NIDA Foodbank. initialed in January 2021 in collaboration with HelpHarrow IHairow Council), distiibules essential food p3r¢els lo Ihose in need. Operaling on Sundays from 2.00pm lo 4'.00pm at SLMCC. the loodbank seNes as a disltibulion and collection point. Utilisatlon of Volunte•rs Volunleers constitute a vital resouice in ouf lailh and Commvnily Initiatives. They aclively participale in Ihe majority ol our ac11wt￿S and PF0￿￿5. We erb¢OUTage all SLMCC communily members lo engage in volunlary aclivilies and share their expertise. Volunleers Involved in projects concerning children Of vulnerable 9roup5 undergo DBS checks io ensure saleguarding. SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Strategic Report The description under the headings "Achievements and performance- and "Financial review" meel the cornpany law requirements lor the Trustaes to present a strategic ieport. A¢hlÈvements and perforniance Charltable activities Health S•minars and Consul¢ation5= We conducl Health seminars and Consullalion through Muslim GPS al our Centre on a periodic basis. Also a virtual awareness prograrnme was conducted al the beginnin9 of Ram8dhan lo have a healthy diel throughoul month. C#reèr Guidance Program- In summer we commenced a ￿ree1 guwjance program wilh the obje¢live of educating the community youlh wilh the ChaI￿nge$ they face in Ihe current world. This would help them to make educational, training and occvpalional choices to manage their ¢8reer$ and be better cilllens. Education Ex¢ell•ne• Awards: The Sri Lankafi Muslim Educalional Excellence Award cekbraled the acadernic achievernents 0186 indiwdua15 from the Sri Lankan Muslim community. Flnanclal rov5•w Prlnclpal fundin9 ¥our¢•$ Our Cenlfe's main sources ol irKome are re9ular communty members, donalions and Friday congregaiions, donations. Inv•stm•nt policy and objectlvès SLMCC has no long term inveslmenls. Our cash reserves are held in currenl a¢¢ounls. R•8oNès policy The trustees have reviewed the reserves ol the charity. Their poh'cy is lo hold suff￿lent funds lo meet four months operaling ¢osls ol the Cenlre. exduding the collection and dislnbulion of Zakat, and ol ouf communrty activilEs and pfograms. 11 1$ the poly of the CIO that unrestiicled funds which have not been designated for a specific use should be tnainlained al a level equivalent to belween Ihree and six month's expendilure. The Trustees ¢onsider Ihal reserves al this level will ensure thal. in the evenl of a signilicanl drop in funding. they will be able lo continue the CIO'S current activities while consideration Is given lo way5 in which additsonal funds may be raised. Thig level of reserves has been maintained Ihroughoul Ihe year. The Trustees have assèssed the major risk5 to whth the CIO is exposed. and 8fe satisfied Ihal syslem5 are in place to miligale exptssure lo the major risk5. Structure, 9overnance and manag*m•nt Sri Lankan Muslim Cultural Centre UK ISLMCCI is ¢on5tiluted as a ChaTilable Incorporated Organisation re9islered wrth the Charily Commission on 2nd tlecembei 2015 under charity number 1164657. It is governed by conslilulion. Sri Lankan Muslim Cuttural Centre UK ISLMCCI was previously govèrned by a deed of Irust. The trustees and ils membe15 weie pursuin9 the possibility ol moving lo Charilable Incorporated Organisalion model Attei A long process, il was incorporated as 8 CIO on 02 December 2015. The Trustees who served during the year and up to the date of signature of Ihe financial statemenls were". Mr A Kamaldin Mr M Zawahir Mi A R Munawar Mr N Mazahir (ReS￿ned 1 May 20231 IResHJned 1 May 20231 IReswJned 1 May 20231 SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Mr M A Mohamed Ibr8him Mr M Shaan Mr F Abdul Hameed Mr S M Razeen Hali2 Munawar Junaideen Mr Z Zubair Mr Halaldeen Abdul Jabbar Mr Fahim Cassim Mr Ashral Jamaldeen Mr Fairoos Sanoon Lebbe Mi Meera Shahib Mawjuth Mr M Maieelh Mr H Mohamed Mr M M Ilyas Mi S M Lareel Mr A H Moh3rned Lafir Mr M Junaideen Mr M L Mohamed Mowsoop Mr M M Basheef Mi M Noordeen Mf N Farook Mr F Faizeen Mr M Mubassir IRÈsigned 1 May 20231 (Resigned l May 20231 IResigned 1 May 20231 {Resigned 1 May 20231 IResigned l May 20231 Re5￿Tred 1 May 20231 IRe5ryned 1 May 20231 {Res￿ned 1 hI3y 20231 ReS￿ne￿ 1 May 2023) (Appoinled 1 May 20231 (Appointed 1 May 20231 (Appointed 1 May 20231 (Appointed I PAay 20231 (Appointed 1 PAay 20231 (Appointed 1 May 20231 (Appointed 1 May 2023} (Appointed 1 May 20231 (Appointed 1 May 20231 {Appoinled 1 May 20231 IAppoinled 1 May 20231 {Appoinled 1 May 20231 None ol the Trustee$ has any benelicial interest in Ihè CIO. SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees are responsible fof the general control and management ol Ihe tharity. Thè connÈcled partias lo tiuslees wofk and receive remuneialKJn or other financial benelits for Iheir work. Please see nole 16. The Iruslees meel logelher as a body normally on a monlhty basis and are responsible for all decision5 taken in relation lo running the Centre as well as the ctsmmunrty faulilfes and the acliwlies provided by the Cenlre. To assist in the smooth running of the charity the trustèes have set up a number of SLtrb commitiees that help them oversee certain aspects of the charily's work. List ol wb-commillees are as lolbws". 1. Al Falah Educalional Centre 2. Building and Eslales Maintenance 3. Da'wah ènd Religious Affairs 4. Educaiion and Communily Development 5. Fundraising 6. Janaza And Funeral Semces 7. Media and IT 8. Prayers and Shop 9. Public Relalion 10. Social Welfare and Outreach 11. Sports, Recreational and Socaal Aciiwties 12.Youth Affairs E8¢h Sub ¢ommillee Is ehairèd by a member of Ihe Board ol Trustees 18oTI. Members outside the BOT a150 form part of these sub-committe&$ making il a widèr participalion amongst Ihe community members. Sub committees have been delegated specific task$ from the BOT and there is d•ar scope ol Iheir roles and responsibilities. Progress are updated Irorn each sub ¢ommiltees ana di$¢ussed monthly al BOT meetings by the respective chairperson. InductSon and tralnlng of n•w ¢ru$ts•¥ Followin9 the appoinlmenl. new Iru5tee5 are introduced to Iheir role and 9Nen a copy ol Ihè conslitulion and amendrnenls.. a copy ol the annual report and statement of ac¢ounlS and a guide 10 the policies. pitscedure and by laws. A number ol publications Irom Ihe Charrty Commission are also prowded Includin9 Ihe guidance on ¢hariliès. public benelrt and on the advancement of religion lor Ihe publK benefil. This en5uies that new Iiuslees are aware ol Ihè scope ol Iheir responsibilrties under the Charities Acl. Rlsk management The Iruslees have asse55ed Ihe risks the rharity faces and have drawn up a risk matrix which identifies the major risks by area ol a¢livily. the nalure ol Ihgse nsk5. thè Iikelihooil of the nsks happening, an¢J the measures laken to manage them. The trustees rewew this risk matrix r*9ularty at their meetings and at meetings ol Ihe two sub committees on finance and b(tilding5. The tfuslees are satisfied Ihal syslems are in place. or arwangements are in hand, lo manage the risks Ihal have been idenlihed. In parlicular. Insurance cover is in place and the finances ol the Centre are kepl under ieview. Auditor In accordance wrth Ihe company's arficFes. a fesolulion proposing Ihal Reddy Siddwui LLP be ieappointed as audilor ol the company will be pul al a General Meeling. Disclosure of information to auditor Each of the Tru51ees ha5 confiimed Ihal there 15 no information ol which Ihey are aware which is relevant lo the audit. bul of whKh the audilor Is vnaware They have further confirme**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
225,585
-
Grants
2,125
-
Membership fees
6,665
-
Other
-
8,570
234,375
8,570|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
225,585
155,305
-
2,125
131,733
-
6,665
4,373
-
8,570
-
17,595
242,945
291,411
17,595|**Total**
**2022**
**£**
155,305
131,733
4,373
17,595| |---|---|---| |||309,006| ## **4 Income from other trading activities** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Letting and licensing arrangements|95,502|48,910| ## **5 Other income** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Income & Donation from Al Falah|253,861|247,153| |Other Income|100,323|94,515| ||354,184|341,668| - 16 - ## **SRI LANKAN MUSLIM CULTURAL CENTRE UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **6 Expenditure on charitable activities** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**Funds**|**Funds**| |||**2023**|**2022**| |||**£**|**£**| ||**Direct costs**||| ||Distribution of Disaster Relief Fund|2,339|10,874| ||Distribution of Zakat Fund|-|15,000| |||2,339|25,874| ||**Share of support and governance costs (see note 7)**||| ||Support|572,097|451,810| ||Governance|9,270|5,100| |||583,706|482,784| ||**Analysis by fund**||| ||Unrestricted funds|581,367|456,910| ||Restricted funds|2,339|25,874| |||583,706|482,784| |**7**|**Support costs allocated to activities**||| |||**2023**|**2022**| |||**£**|**£**| ||Staff costs|322,277|287,732| ||Depreciation|47,115|24,272| ||Other Cost|202,705|139,806| ||Governance costs|9,270|5,100| |||581,367|456,910| ||**Analysed between:**||| ||Unrestricted Funds|581,367|456,910| |**8**|**Net movement in funds**|**2023**|**2022**| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Depreciation of owned tangible fixed assets|47,115|24,272| - 17 - ## **SRI LANKAN MUSLIM CULTURAL CENTRE UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **9 Trustees** None of the trustees received any remuneration during the year but 8 persons who are connected to trustees, received the remuneration totalling £57,440.45 (2022 - 3 persons to trustees, received the remuneration of £28,474.38 ). ## **10 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs|**2023**
**Number**
42
**2023**
**£**
316,696
5,581
322,277|**2022**
**Number**
42| |---|---|---| |||**2022**
**£**
282,628
5,104| |||287,732| There were no employees whose annual remuneration was more than £60,000. ## **Remuneration of key management personnel** ## **11 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. - 18 - ## **SRI LANKAN MUSLIM CULTURAL CENTRE UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ |**12**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**£**
**Cost**
At 1 January 2023
2,856,541
Additions
-
Revaluation
2,643,459
At 31 December 2023
5,500,000
**Depreciation and impairment**
At 1 January 2023
-
Depreciation charged in the year
44,898
At 31 December 2023
44,898
**Carrying amount**
At 31 December 2023
5,455,102
At 31 December 2022
2,645,413
**13**
**Stocks**
Finished goods and goods for resale
**14**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**Amounts falling due after more than one year:**
Other debtors
**Total debtors**|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
7,098
15,305
3,986
-
-
-
11,084
15,305
5,190
15,305
2,217
-
7,407
15,305
3,677
-
1,908
-||**Computers**
**£**
1,110
-
-
1,110
1,110
-
1,110
-
-
**2023**
**£**
6,122
**2023**
**£**
46,022
**2023**
**£**
5,000
51,022|**Total**
**£**
2,880,054
3,986
2,643,459| |---|---|---|---|---| |||||5,527,499| |||||21,605
47,115| |||||68,720| |||||5,458,779| |||||2,647,321| |||||**2022**
**£**
6,414| |||||**2022**
**£**
53,097| |||||**2022**
**£**
1,955| |||||55,052| - 19 - ## **SRI LANKAN MUSLIM CULTURAL CENTRE UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **15 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
2,205
595,690
4,000
601,895|**2022**
**£**
2,070
818,092
4,000| |||824,162| ## **16 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At**
**Previous year:**
**At**|**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
863,032
8,570
(2,339)
869,263
**1 January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
871,311
17,595
(25,874)
863,032| |---|---| ## **17 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At**
General funds
Revaluation reserve
**Previous year:**
**At**
General funds|**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
1,165,903
684,061
(581,367)
1,268,597
-
-
-
2,854,588
**1 January**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2022**
**£**
**£**
**£**
**£**
940,824
681,989
(456,910)
1,165,903| |---|---| - 20 - ## **SRI LANKAN MUSLIM CULTURAL CENTRE UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **18 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
5,458,779
-
Current assets/(liabilities)
(1,335,594)
869,263
4,123,185
869,263
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
**At 31 December 2022:**
Tangible assets
2,647,321
-
Current assets/(liabilities)
(1,481,418)
863,032
1,165,903
863,032|**Total**
**2023**
**£**
5,458,779
(466,331)
4,992,448
**Total**
**2022**
**£**
2,647,321
(618,386)
2,028,935| |---|---| ## **19 Related party transactions** During the year the CIO entered into the following transactions with related parties: None of the trustees received any remuneration during the year but 8 persons are connected to trustees, received the remuneration totalling £57,440.45 (2022 - 3 persons connected to trustees, received the remuneration of £28,474.38). Trustees connected parties names are as below, who were paid during the year. ## **Name of the Related Party Name of the person connected to** |**Name of the Related Party**|**Name**
**of**
**the**
**person**
**connected to**|| |---|---|---| |||| |||| |Abdullah Munawar|Abdur Rahman Munawar|| |Umai Salam Munawar|Abdur Rahman Munawar|| |Ammar Munawar|Abdur Rahman Munawar|| |Akeed Lareef|Segu Lareef|| |Mirsab Majeeth|Ismail Majeeth|| |Farzan Faizeen|Faik Faizeen|| |Fathima Sareefdeen|Faik Faizeen|| |Fahd Faizeen|Faik Faizeen|| |||| |||| |||| |||| |||| - 21 -