Company rngistration numb?r CE005769 (England and Wales) Charlty rnglslralion number 1164657 (Engtsnd and Wal•$l SRI LANKAN MUSLIM CULTURAL CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SRI LANKAN MUSLIM CULTURAL CENTRE UK LEGAL AND ADMINISTRATIVE INFORMATION Tru¥te Mf A R Munawar Mr M A Mohamed Ibrahim Mr S M Razeen Mr M Majeelh Mr H Mohamed Mr M M Ilyas Mr S M Lareel Mr A H Mohamed Lafir Mi M Junaidèen Mr M L Mohamed Mow500P Mr M M Basheer M NrM)rdetrn Mr N Farook Mr F Favzeen Mr M Mubass Country ol In¢orporatSon United Kingdom {England and *5) CEC(J5769 Ch•rlty rngl$tr•tSon England and Wa18S 1164657 Prlnclpal addr••• 2 lIe(narSA¥eny8 Harrow Middlesex United Kingdom HA3 SRN R•gl•t•r•d offic• 2 e1n8r$ Awnue Harrow Middksex Uniled Kingdom HA3 5RN Audmor Reddy Sid¢Jiqui LLP 18>189 Th¢ Va A¢ton London Unrted Kingdom W3 7RW
SRI LANKAN MUSLIM CULTURAL CENTRE UK CONTENTS Page Trusteès rekrt Statement of Tru$lee$ reSS•Ilt1eS Independent auditor's Teport 9-10 Sl8lem&nt ol financial actimlies Balance sheet 12 Notes to the finan¢ial $lalemgnl$ 13.21
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees pfesenl Iheir rew)rt and finanual stalemenis for Ihe year ended 31 December 2024. The finanoal $lat8ments have been wepared in acurdance with the accounting polw5 Set out w) notè 1 lo thè financial slalements and comply wilh Ihe CIO'5 conslilubon, the Companies Act 2006 and "Accounhn9 and Reporting by Charities Statement ol Recommended Practice appliixble to charities preparing their acctsunls in accordance wilh the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 1021. las am&nded lor accounling periods Mmthn9 from 1 January 20161 Obl•¢tlv•s and a¢vIll•S Our objectives are set to reflect our faith and ¢ommunty aims. Each year our trustees review our objedives and 8¢tivrti8s to ensure they continue lo rellect tsur aims. In carrying OLrt Ihis rewew Ihe trustèes have considered the Charity Commission's 9eneral guidance on publi¢ l)enefil and in parthxlar Fts supplemontary pubhc guidance on the advancement ol religion for the PLtblic benefit. Our aim5 rernain lo piovidg a lauhty as a worship pla¢* for Muslim$ and lacilitale community 8¢tiwtie$ lor Sri Lankan Muslims in UK and Muslrm inhabitants ol Harrow. Our lon9 lemi ambrtion is lo improve Iheir farth and lo maintain confidence, respect and among the community through our a¢tivilies. The objects ol the ¢harity are sel out in the charity's ¢on$litulb)n and ara sumrnaris8d as.. 1. To advance the Islami¢ Religion. 2. To promote the lslamie and Secular educabon. sporf and lsure aclivilie$. 3. To relieve those who afe in ¢ondrflon$ ol povwty. sid(nes$ and di$lre$$ or those who are othe15e in charitable need. The Tw$te8s have paid due regard lo gIdance issued by the Charity Commission in d•¢iding whal activities Ihe CIO should undertake.
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTMTIES Significant activitie5 Charitable Activltle• The chanty engages in a diverse range of actiMli&s ahgned wth its charilable obiectives. The truslees deem these activJti85. summarised below. to be benefiry.al lor worshippers at our Centre, Sri Lankan Muslims in the United Kingdom. and the broader Harrow ¢ommunity. R¢llglou$ and Soclal Activiti•s'. Our Cenlre serves as a place of woiship and congregation, hosting events nlegial to our lailh and culture. Ouring the revwèd period. we offered a vanety ol religious services and aclivrtie5. in¢luding-. Pray•rn: The Centre remains acrssit4e Ihroughout the day for daily and Friday pr¥yers. Th¥ av&rage w&8kly allendan¢e for prayer$ •xceeds 2.450 individuals. nearty doublin9 during Ramadan. The congregation for the Friday'Jumuah' prayer consislentty exceeds 1,CQO attendees. The FrKlay sermon and weekly talks are delivered in English. R•madan: This period wrtnesses th¥ hffjhesl fooltal. wth approxim819ty 1.&)0 to 1.5(M) individua18 attending congregational prayer5 every day. 11 poses challenges for our dedicated staff and volunteers. who work lirelessly into Ihè night to lacilitale special prayers attended by thousarbd5. Each evening. the Mosque prowdes free Iftar mèals lor an average 01500 men and women. The Mosque conducts six Congregational prayers on each ol the two Eid mornings. catenng to ovèr 6,000 wor$hippws for Eid akFilr and aAdha. Quran and Islamic Educational Clo8¥•ty.' LèarniThJ and memorising the Qurfan h¢)Id si9nthcant importance in religious education. Islamic educational ¢lasses are conducted regularty. offering this facility to Ihe young mernbers of our Muslim community. Over 800 young 1vidualS attend Ihese dasses regulwty. d&$ign&d to cater lo individual progie$$ and conducted on dilfertrni days. 1114ml¢ L•ctur••'. We roulinety organise Islam 18dufes deliveied by knowledgèable $¢holars on diverse 5ubjecls. These lectures, held al our Cenlre. aim lo disseminale Islamic knowledge thIn the Muslim community and foster social ¢ohesion. The promotion of authentic IaMiC teachings prevents misunderstandings and facililales Splfltual and a¢ademic r¥th in a Secu enwronmenl. Zakat: Our lailh empha$isès the obligation ol offering Zakat by those able lo do so. The Centre collects Zakat in accordance with 1$18mi¢ teachings. distributing it fof v8rious purposes. induding aiding other5 8nd advancing Islamic education. Additionally. wè lacilitate the donalion ol Zakat through registered UK charities. a5 well as through regislered charit9 in Sri Lanka. SLMCC urHlertakes this cdle¢tion and disth'bution of Zakat wilhoul charge.
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Qurb4nl.' The Centre collects contributsons lor Qurbani IAnimal Sacrifice) during the Haji lestival from individuals. These contributions are then distributed arn(9 the less fortunate in Sri Lanka. Disaster Relief: The Centre lleCtS donations independently or in collaboration wrth relief organisations lo a55151 affected individuals. Funds raised lor various causes are distribuled through partner charitses. Islamlc Hlgh•r Education Prol•ct: We are activety engaged with planners and arthrtects to acquire the necessary permissions at our pmiseS al 2A, Tudor Road. Harrow. for Ihe establishment ol Northwest London's first cenlre for Islamic Higher Studie$. This project aims lo nurture lutufe leadèrs, Imams, Alima$, mentors. and teachers who embract Brrtish cully and hèritage Whi upholding a strong Islamic identity. SLMCC harbours 8mbitious goals lor this projecl. muth like our PAadrasah Ih81 rommenced wrth onty dasses and 30 51udenls In 2002. Ovef the past 21 years. we've produced over 50 Huffaz. many of whom teach in our Madr85ah, lead Taraweeh prayers, or pursue Islamic Higher EduCatn elsewhere due lo current lirnilalion5 at SLMCC. Our objective is to establish a fulktime academic Islamic Studie5 prograrnme, coMbing tiaditional Islamic learning with contemporary scholarship. Furthermore. we intend lo create on-site and online short educational programmes accessible to a wkler audience unablg lo commrt to Ihe full.time curriculum. Communlty ActlvW•s: Sports and Soclal Actlvbtl•s.' We annually organise sports actmties for both chiklren and adutts in the Sri Lankan Muslim communily and HarTOW at large. This year. we held the SLMCC Football Tournament, faaturing multiple age group competitions. AddilKsnalty, Ihe SLMCC Annual Badminton Toumamenl promoted sportsmanship and healthy compelilw wthin ihe communty. Youth Club.. In partnership with ABYF, we host bi-wèekly Friday youth dub sèssions in tho gvgning. Thesé sessions arè open lo boys and gids ag8d 10 10 18, fo$l*riNJ In.dShIps. skn"Ils. and knowledge in an fjnjoyablg and enriching environmènl. Int¢rf•lth A¢tJvltl••.. W• orr8n9• dNefse •vent$ lor th& W communty lo promote inl&r¢ommunily engagement arnd dialogue. Communlty Support: The SLMCC-NIDA Fooabank. inrfiat¢d in January 2021 in o)118boralb)n with H&lpHarrow (Harrow Councill, distributes essential lood parcels lo Ihose In need. Operating on Sundays fforn 2'.00pm lo 4'.00pm al SLMCC. the foodbank serves as a dislribuknon and CO1ction point. UtilisatFon of Volunte¢r4- Volunteer5 conslilule a ts1 resour¢e In our faith and mmUnitY inrtialives. They actively participate in the rnajorily ol our activities and projeds. enLx)urage all SLMCC community rnember5 lo engage in voluntary activities and share Iheir expert15e. Volunleers involved in projects cDncerning children or vulnerable groups 4Jndergo DBS checks lo ensure saleguardiThJ.
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Strategic Report The descriptign under thè headings"Achievements and perfornance- and "Financial reMthW' meet the company law requirements fof Ihe Trustees to presenl a strategic report. Achlèvèmonts and perfob7nance Charitabl• activiti H••lth S¢mlnars and Consuhations: We conduct Heallh sèminars and ConsuMatKJn through Muslim GPS al our Centr8 on a pènodic basis. Also a virtual awareness programme was condLKted at Ihe beginning of Ramadhan lo have a healthy diet throughout month. Careér Guidanc• Program: A5 per preou$ y&ars. we held a career guidance progr8m wilh the obje¢tive of &du¢ating the community youth wilh the ¢hallen9es Ihey lace in the current worfd. This would help them lo make èducational. training and occupalM)nal choices to manage their careers and be better atizens. Educatlon Ex¢•ll•n¢• Award8: The Sri Lankan Muslim EdwIn31 Exceller&ry Award cdebrated the academic achitrvemenls ol indmduals frc¥n the Sri Lankan Mushm ¢ommunty. Flnanclal r•vl•w PrlncSpal fundlng Bour¢e• Our Ctrnlre's main Sou0S of IrKme aft re9 community membefs. donalions and Friday congregations, donations. Invgstmont pollcy and obj•ctives SLMCC has nolong lem) inv&slm•nts. Our cash reserve8 are hekl in Current acwunts. R•s•rv•i pollcy The Irusleès hava rewewed Ihe reserves of the chonty. Their polw is to hold suffic4.enl fvnds io meèl four months operating eosls ol Ihe Centre, exduding lh¢ comection and distribubon of Zakat. and of our community a¢livrties and programs. It is Ihe policy of the CIO Ihal unrestricled funds which have nol been designated lor a specific use should be mainlained at a level equivalent to belwèen three and six monlh'5 expenditure. The Trustees consider Ihat reserves at this level will ensure that. In Ihe event of a signrfKant drop in lunding. they will bè ablè to continue Ihe CIO'S current activities while consideralion is 9ivèn lo ways in which additional funds may be raisèd. This level ol reserves has been mainlained throughout the year. The Truste¢$ hav& a$s•ssèd th• major fi8ks lo wch Ihe CIO is exposed, and are salisfied that Systems are in place lo miligal$ exposurè to tha major risks. strucrg, governanc• and monogemènt Sri Lankan Muslim Cuttural Cèntra UK ISLMCCI is conslFtuled a$ a Charitable Incorporated Organisalion regislered with the Charrty Commission C 2nd December 2015 vnder tharity number 1164657. It is governed by conslrtulion. Sri Lankan Muslim Cultural Centre UK ISLMCCI was prewously governed by a dèèd of trust. The truslees and its members were pursuing Ihe possibility of moving to Charitable Incorpo¥aled Organisab"on modèl. After a kjng process, it was incorporaled as a CIO on 02 December 2015. The Trustees who s8Thed during Ihe year ar up lo the date of sKJnature of the financaal slalemeDIs were. Mi A R Munawar Mr M A Mohamed Ibrahim Mr S M Razeen Mr M Majeeth
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT IINCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Mr H Mohamed Mr M M Ilyas Mr S M Lareef MrA H Mohamed Laf Mr M Junaideen Mr M L Mohamed Mowsoop Mr M M Basheer Mr M Noordeen Mr N Farook Mr F Faizeen Mr M Mubassir Non8 of tha Trust88s has any beneficial interest in the CIO.
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT IINCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible lor the general conlrcA and management ol the charity. The connected parties lo trustees work and receive remuneralion or olher finanryal benefrt5 lor Iheir work. Please see note 16. The trustees meet 109ether as a body nomalty on a monthly basis and are responsible lor al decisions taken in relation to running the Centre as well as the ¢ommunrty faalities and the a¢tMlles provided by the Centre. To assist in Ihe smoolh runn9 ol the charity Ihe trustees have Set up a number of sub committées that help Ihem oversee r£rtain aspects of the thanty's work. List of sub-committees are as follows.. 1. Al Falah Educational Centre 2. Building and E518tes MaIntenar 3. Da'wah and Religiou5 Affair5 4. Edu¢ation and Communrty Development 5. Fundraising 6. Janaza And Funeral SeN¢e$ 7. Media and IT 8. Prayers and Shop 9. Public Relations 10. Social Welfare and Outreach 11. Sports. R8cr•atK)nal and Soual Acliwtes 12. Youth Affairs Each svk>¢ommittee is ¢haired by o member of Ihe Board of Tty$t$ IBOT). M&mb8rs outs¢ the BOT also lorm part ol these sub-committees making rt a wider part1upatn amongst the community membèrs. Sub commillees have been delegaled Specif tasks from the BOT and there is clear s¢ope ol their ro$ and responsibilities Progress are up¢Jated from eac sub commrtlees and dis¢yss&d monlhty al BOT meetings by the respoclive chairpef80n. Indu¢tlon #nd tralnlng of nèw tru•t••s Following the appointment. new trustees are inlroducd lo I1r rol8 and given a copy of Ihe ¢M$litul)n and amendments., a copy of Ihe annual report and slatemenl of accounts and a gvide lo the policies. procedure and by laws. A number of pubhcations trom Ihe Charity Commissn are also provided induding Ihg guidanca on charities, public benefil and on Ihe advancement of religion for the public benefit. This &nsur¥$ that naw trust8•s are awar• ol Ihe SCO ol thr responsi.1$ under the Charibes Act. Rlsk man•ggm?nt The trustees have assessed t risks Ihe charty faces and have drawn up a risk matrix which identifies the malor risks by area ol activity, Ihe nature of Ihose fisks, the likelihood of the risks happening. and the measures taken lo manage thèm. Thè truslees r•vi8w this risk matrix regularfy at Iheir meetings and al rneelings ol the two sub committees on finance and buildings. The truslees are salisfied thal systems are in place. or aiiangements are in hand. lo Mana the fisks Ihal have b8on idènbfed. In parbcular. Insurance cover is in place and the finan¢es ol the cent are kèpt undèr re. Audltor In accordance with the company's artles. a resolution pro[In9 that Reddy Siddw]ui LLP bè roapwnted as auditor of the company will be put al a General Meelrn9. Dlsclosure of Informatlon to ¥udltor Each of the Trustees has confirmed that there is M information of which they are aware which relevant to the audrt. bLrt of which tha audilor is unaware. They have lurther confimied that ihey have taken appropriate steps to idèntify such relevant Information and to establish that the audrtor is aware of such inlomatson.
SRI LANKAN MUSLIM CULTURAL CENTRE UK TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Tru$lèe5 reporL iluding the strategic report, was approved by the Board oi fTusleos. Mr S M Raz••n Trustee Dated.. Mr M JunaldggD Trustee Dat¢(J.. ..Z
SRI LANKAN MUSLIM CULTURAL CENTRE UK STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are also the directors of Sri Lankan Muslim Cultural Centre UK for thè purposè of company law, are responsible lor preparing the Trustees Report and the finanrial slalemenls in accordan¢e wilh applicable law and United Kingdom Accounting Standards Iunited Kingdorn Generally Accepted Accounting Practicel. Company law requires the Trustees to PfeparÈ financial statements for eath financial year which give a true and fair view of the Stale Of affairs ol the CIO and ol the Fn¢oming fesour¢es and appliealion ol resources, induding the incorne and expendilure. of the charitat4e company for Ihat year. In preparing thesè financial statements. the Trustees are required lo.. sèlèct suitable accounting policies and then apply them consistentty.. observe ltrie methods and prin¢ipl8s in th8 Charrties SORP". make jijd9emenls and e$limates that arè rèasonablè and prudènt". stale whelher applicable UK Accountsng Standard$ have been follryweil, subject to any material departures disdosed and explained in the financial Statements." and prepare the finanaal stalemenls on the going concem baws unle$$ it 1$ inapproprial¢ lo prèsume Ihat th8 CIO will continue in operation. The Truslets are respon*ble lof k8épin9 ad8quate ac£ounting records that disdose wilh reasonable accuracy al any lime the finan¢4al position of the CIO and ènable thèm to ensure that the finanaal slatemenls comply with the Companies Act 2006. They are also SponsIb for safèguarding the assels ol the CIO and henc8 for taking reasonable steps for the Prevention and delecIn of fraud and other irre9ularili&s.
SRI LANKAN MUSLIM CULTURAL CENTRE UK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SRI LANKAN MUSLIM CULTURAL CENTRE UK Oplnlon We havè audited the financial sl8lemenls of Sri Lankan Muslim Cultural Centre UK Ilhe 'CIO'I for the year ended 31 Dècèmbèr 2024 which comprise the statèmènt of finanaal activities, Ihe balance sheet and notes to Ihe financial 51al&menls. including significant accounling poliues. Thè financial reportin9 framework that has been applied in their preparali(>n is applicable law and Unrtèd Kingdom Accounling Standard5. induding Finanaal Reporiing Standard 102 The Financial Reporting Slandaril applKable in Ihe UK and RepublK of 1Tr18nd (United Kingdom Generally Acctspied A¢¢ounting Practice). In our opinion, the financAal slatemenls". give a true and fair vwi of the state of the charrtable mpanY$ affairs as at 31 Decernbef 2024 and of Ns incoming resources and application of resources. lor the year then ended. have been properly prepared in ac£ordance vrilh Unrted "ngdoM Generalty Acceptèd A¢¢tsunts"ng Praclico., and have been k>wpargd in accordar with the requifements of Ihg CompaniesAcl 21JO6. Ba•ls for opinion We conducted our audil in accordance wlh Intemalional Stsndards on Auditing IUKI IISAS (UKII and 8ppli¢able law. Our responsibilities under those slandards are fvrther described in thè Audilorfs responsibilities for th& audil of th6 finaiicial slalemenls se¢lion ol Ouf report. We are independent of thè CIO in accordance with the ethical requirements Ihal are relevant lo our audit ol the finanrJal staternenls In the UK. including the FRC'S Ethical Standard, and we have luWilled our other ethi¢al responsibili1S in accordan¢e wrth thèse requiremen15. We believe that thé audit ewdence we obtained is suffiaenl and appropriate to pro a ba$1$ for our opinion. Con¢lu•lon$ r•lotlng to golng conc•rn In au¢Jiting the financial statemènls. we have conduded Ihal thè Trustees of Ihg golng concofn basis ol ¥¢¢ounling tn the preparation ol th& finan¢ial $lat&ments is appropriate. Based on the work we have perfowmed. we h¥ve not id&ntified any material urtertainl$ relating to ovents or condi(ion5 that. individualty or colleclwety. may cast swnifunt doubt on Ihe CIO'5 ability to continue as a going concern lor a period of at leasl twefve monlhs from whèn Ihe finawal Statements are authcrised for issue. Our responsibilities and the r¥$ponsibihti•s ol the Tru5tee5 wth rey¢t to going concefn are described In the relevanl sections of Ihis report. Other infomatlon The other inlormation comprises the infomiath'on induded in the annual report other than the financkil slalemenls anJ our 8uditorfs report thereon. The Trustees are responsible for Ihe other inlomalion conlainad wilhin Ihe annual report. Our opinion on the finarKi 51alernenl$ does nol cover Ihe olher inlormalion and we do not express any form ol a55uranGe conclusion thereon. Our responsibilty is to read the other inlorrnation and. in doing so, consider whether the other informalion is materbally inconsislenl wrth the finanual slalements or our knowledgè obtained in the course of the audil. or otherwise appear5 to be materially misstated. If we idenlity such matenal Inconsistencies or apparent rnalerial rnisstatements. we are required lo deiemiine whether this give5 rise lo a m8lerial misstatament in the financial slatemenls themselves. If. based on Ihe work we havè performed, we condude that therè is a malerial misstatement of this other informal, we are required to report that facl. W• have nothing lo reporl in this ¥•gard. Mottern on whlch we are requir*d to rnport by •x¢•pOn We have nothing lo report in SpeCt of the IdlowiThJ maltets in latIon lo which the Charities {Accovnls and Reports) Regulalions 2008 requires us to report to you rf. in our opinion". the inform8tron given in Ihe fInaral stalements is inconsistent in any malerial respect with thè Trustees report.. or sufficient accounling records have Th)1 been kept." or thè financial staternent5 are noi in agreemenl wth the accounting reo)rds." or we have not received all Ihe infomiabon and explanab.ons WÈ require for our audit.
SRI LANKAN MUSLIM CULTURAL CENTRE UK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SRI LANKAN MUSLIM CULTURAL CENTRE UK Responsibilities of TTusts•s As explained more fully in the statemenl ol Trustees responsibilities. the Trustees, who are also the dirèclors ol the CIO for the purpose of company law. are responsible for the preparation ol the financial slatements and for b8ing satisfied that they give a true and lair wew. and lor such inlemal control as the Tfustees detemiine is necessary to enable the preparation ol financial statements Ihal are free from material misstalemenl, whether due to fraud or error. In preparing the financial slatemenls, the Trustees are responsible for assessing the CIO'S ability to continue as a going concern, disclosing. as applicable, rnatte lated lo going cDncem and using the going concern basis ol accounting unless the Truste85 eilhef intend to liquidate the charitable cLJrnpany or lo rhase operations, or have no realistic 8llernalive but lo do so. Audltor'$ r•$ponslbllltl•$ lor tho audlt of th• financlal statements We have been appointed as auditor under secttron 144 of the Charitl8s Act 2011 and r8wi in accordancg with the Act and relevant regulations made or having effect th8reund8r. Our oblecllves are lo oblain reasonable assurance about whether the financlal statements as 8 wholè are free from material misstslemenl, whelher due lo fraud or error. and lo issue an audilorfs report Ihal include5 our opinion. Reasonable assuran¢e is a high level of assurance bul is not a guarantee Ihal an audit ¢onducl8d in accordance with ISAS IUKI will always delect a materi81 misslalemenl when il exists. Misslalemenls can adse from fraud or error and are considered material il. individually 01 in the 8ggga1e. they ¢oul¢J reasonably be 8xpecled lo influence the 8conomic decisions ol users taken on tho basis of Ihese financial slalem&nls. Tho extent lo which our Pfocedur85 are Pable ol d*tling irregularitses. induding Iraud, is dotailod below. A further description ol our responsibililyas is availabla on th8 Financial Roporting Council's wobsilg al.. hllps.'Il www.frc.org.uklaLKlilorsresponsibilili8s. This description lonns part ol our auditorfs report. U$• of our r•port Thls report is made solely lo the charity's Irusle6s. as a body. in accordance wilh Part 4 of the Chafiliès (Accounts and Reportsl Regulalions 2008. Ouf audit work has bten undortakon so that we might slate lo the charity's Iru61ee$ Ihosg mallers we ai& requirgd lo stale lo Ihem in an aut1ilor's pOrt and for no other purpose. To the fullest exlenl permittgd by law, we do not accept or assumg respOnsiblty lo anyone olhef than thg ¢harity and the charity's Irustè8s as a body, for our audit work, for this rèp¢yi, or lor the opinions w8 have fom)8d. S••ma Siddlqui (S•nlor Statutory Auditor) For 8nd on behalf of Reddy Siddiqui LLP. Slalulory Auditor Chartered Accounlanls 183-189 The Vale Acton London W3 7RW United Kingdom Ig. lo. 202 10-
SRI LANKAN MUSLIM CULTURAL CENTRE UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 unrnstriCt R¢$tri¢tgd lunds funds 2024 2024 Total Unr•stri¢t•d R•stri¢t•d fund$ funds 2023 2023 Total 2024 2023 Note8 Incomè and •ndowm•nts from: Donations and legaclas Other Irading activities Other income 267,671 102.985 422,895 11.627 279.298 102.985 422.895 234.375 95,502 354,184 8,570 242,945 95,502 354.184 Totsl In¢om• 793.551 11,627 805.178 884.C61 8,570 892,631 Expendltur• on: Chanlabl$ actiwlifjs 627.166 16.038 643.204 $61.367 2.339 583,706 Total •xp•ndlturn 827.166 16.038 643.204 581,367 2.339 583.706 N•t In¢om•ll•xp•ndltur•) 166.385 14.4111 161.974 102,894 6,231 108,925 oth•r re¢ognl#•d galns and losse¥: Revaluation of langib fixed assttls 2.854.$88 2,854.588 Net movement In funds 166.365 14.411} 161,974 2,957,282 6.231 2,963,513 R•¢on¢lll•tlon of fund•: Fund balances al 1 January 2024 4.123.185 869.263 4.992.448 1,165,903 883.032 2,028,935 Fund bal¥nce$ at 31 D•c•mbor 2024 4.289,570 864.852 5,154.422 4.123.185 869.263 4.992.448 The slalemenl of financwl ad1vleS indwlès al gains and losses recognised in the year. Al income anLI expendrture derive from continuing 8ctivilies. 11
SRI LANKAN MUSLIM CULTURAL CENTRE UK BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible 8sse15 12 5,415,841 5,458,779 Current a56¢ts Stocks Dtsblor5 Cash al bank and in hand 13 14 6,915 70.629 106,444 6.122 51,022 78,420 183.988 135,564 Crtrdltor8.' amounts fallln9 dts• wllhirt one year 15 1445.407) (601,8951 N•¢ current Ilabllltlès 1261,4191 1466,3311 Total aiseti le¥ currenl Ilabllltl•s S.154,422 4,992,448 The funds of th• CIO Reslricled incomè lund$ Utirestricled lunds 16 17 864,852 4.289.570 869.263 4,123,185 5,154,422 4,992.448 The company Is enlitled lo the exemplion Irom the audit requirement contained in section 477 of the Companie5 Act 2006, for the year ended 31 December 2024. The difè¢lor$ &¢knowledge Iheir responsibilities for complying with the requwemenis ol Ihe Compan$ Ad 2006 with respect lo accounting record5 and th8 preparalion ol financi8151atements. The rnernbers have nol requlr6d the company lo obtain an audit ol its finawal stalemenls undèr lh& r8quirements ol the Companies Act 2006. lor the year in queslion in accordance with SKlion 476. These financial statements have ten pr¢pareiJ in 8ccordarKe with the ProviOn5 epplicable lo companies subiecl lo the smo11 MpanieS regime. Tho financial slatèmgnts were approved by the Trustee5 on . 2glk)l Mrs M Razeen Trustee Mr M Jun8ideen Truslee 12-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Chorlty Inforniatlon Sri Lankan Muslim Cultural Centre UK is Inc8181 a$ Charrtable Incorpofaled Organisalion ICIOI. 1.1 B•sis of preparntion The finan¢ial statèments have been prepad in accordartrce with the CIO'S constitulion. the Cornpanies Act 20( and "Accountin9 and Reporting by Charrties.. Slalement ol Recommended Practs'ce applicable to Charit5 preparing their a¢¢ounls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. la$ amended for accounling period5 commenung from 1 January 20161. The CIO is a Public Benefrt Enlty as defined by FRS 102. The CIO has taken advantage ol the provi5ion$ in th& SORP for chartties applying FRS 102 Update Bulletin I not lo prepare a Statement of Cash Flows. The financial slalemenls afe prepared in sterling, which is the fUnctn31 rrencY of the CIO. Monetary amounts in these financial Slalemenls are round¢tJ lo the n8aresl £. 1.2 Golng con¢•m Al the time of appfoving lh• financial slalemenls. Ihe Truslees havè a reasonable expeclalion Ihal the CIO has adequate reSoUrS lo continue in operational existence for the lore$e&able future. Thus the Trustees conlinue lo allopl th¥ going ¢onc•rn basis of accounting in preparing the financial statam8nls. 1.3 chatsb1* fvnd• Unrèstricted fvnds are availabbe lof use al the distyelion of lh• TnJst•es in furtherance of their charitable Objecti$. Restricted fLsnds a subject lo specific conditions by donors or grantors as lo how they may btr used. The purposes and uses of the restricled lurHls are sel out in Ihe note$ to the financial stalemenls. 1.4 Incom• Income is rècognised when the CIO is legally enlilled 10 rt after any perfom)ance condrtions have been mel. Ihe amounts ean bè mèasured reliably. and il is probable Ihat inMmè will be rècewed. Cash donations are recognised on receipl. Other donations are recognised once the CIO has been notified of Ihe donation, unless performance conditions require delerral ol Ihè amount. Income tax recoverable in relation lo don8tion$ received under Gift or deeds ol covenant is Gognised at the time ol the donatKJn. Legacies are recognised on receipl or otherwise rf the CIO has been notified of an impending distribution, the arnounl Is known, and receipt is expecled. If the awmwnt 15 not known. the lega is Irealed as a contingent as5el. Turnovér is measured at the fa¥ value of the con5Klerab"on received or CeIVable and represents amounts receivable for goods and seThices provided in the normal u[Se of business. 13-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie¥ IContlnu•dl 1.5 ExpOndir• Expendrture is iecognised once there is a legal or ¢onslrtJ¢b"¥e obligation to transfer economic benefit to a third party. it Is probable Ihai a transfer of e¢ry)omi¢ benefits wil be cequired in settlem&nl. and the amount ol the obligation can be measured reliably. Expenditure is classffied by actiwty. The costs of each activty are made up of the total of direct costs and shared cost$, induding support costs involved in undertaking each actNily. Direct cos15 attributable to a single a¢liwly are allocated directty lo that activity. Sharèd costs which tonlribute to more than one activity and support costs which are not atlribirt8ble to a sin91è aCtIty are apportioned between those activities on a basis con515tent with Ihe use ol resourctss. Central staff costs are allo¢al¢d on Ihè basi$ of lime spgnt, and depreciation charges are alk)ted on the Ptyrfitsn tsf thè asset's usè. 1.6 Tanglbh flxed a¥¥ot Tangible fixed assets arè inilialty measured at co$l and subsequentty ffasured al cost or valualKJn. net of deprtrty¥bon ond any impaimenl lo$$e$. Oeprèciation is recognised so as to wnte off cost or valuation of assets less Iheir residual values over thei useful lives on tho lollowin9 ba$&s: Fieehold land and buildings Plant and equipment Fixlures and ffttings Computers 49 years Straight line 20% on cost 20OA on cost 33%13 Years ijn SL) Th& gain or loss arising on the disposal ol an asset is determined as the difference belween the sale proceeds and the carrying Val of th¥ assel. and is rocogriised in the statement ol financial aclivibes. 1.7 Impalmmnt of Ilx•d a88•ts At each reporling end date. the CIO reviews the carying amounts of rt$ tangible assets to detem)ine ether there is any indication that those assels have Suffered an impairmtnl ltsss. If any such Indi¢8lion exists, the recoverable amount of the assel is estimated in order lo delennine the exleni of the impaiment lo$$ Irf any). 1.8 Stocks Slo¢ks are slated al the lowar of cost and estimated sdling price less costs to complete and sell. Cost compnses direGI materials and, wheie applicable. direct labour costs and those overheads thal have been incurred in bnnging the sio¢ks io theif present lotIOn and condition. ttems held for distributton al no or nominal consideration are measured the lower of rèplacèmènt cost and cost. Net re81i$able value Is the esh"mated selling prKe less al estimated costs ol c4Jmpletion and costs lo be incurred in markebng. sèlling and dislribution. 1.9 Cash and cash equlvalents Cash and cash eqvivalen15 include ¢ash in han¢J. deposrts held at call with banks, other short-term liquid investments with original malunties of Ihree rwiths or less. and bank o¥eidrafts. Bank ovèrdrafts are shown within borrowings in current lialy-lities. 14_
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollel•s IContlnu•dl 1.10 Flnan¢l•l In8trumonts The CIO has elected to appty the prowsions of Seclion 11 'Ba5K Finanaal Instruments, and Section 12 '0ther Finan¢ial Instruments Issues, of FRS 102 lo all ol rts finanrAal inslnjments. Financial inslrumen15 8re recognised in the CIO'S balance sheel when the CIO becomes party lo the conlraclual provisions of the inslrumenL Financial assels and liabrfrties are offset, wth the nel amounts pr&s8nl8d in the financial statements. when there is a lègally ènforceable right lo set off Ihe recognised amounts and thère is an inlentson lo settle on a nel basis or to Tealise the asset and settle the lia'l1ty SimultarU51y. Basi¢ financial assets Basic financial asséts, which includ8 debtofs and cash and bank b•lan¢es. a initially measvred at transaction pnce Including tranSactn costs and are subsequentty carried ai amortised cost using the effectiv interest method unless the arran9emenl constitutes a financing IranSaCtn. where the Iransa¢lion 1$ measured al the present value ol the lulufe receipts discounted at a market rale of Interest. Financial assets classified as reCeiVae within one year ère not amorlis4d. 8asle finanel•l Ilabiliti•s Basic financial Iiabililtes, Induding rJedrtors and bank loans arè initially recognised al Iransaclion price unless th8 arrangement constilutes a financing transa¢iion. where thè debt instrument is measured al the present value ol the lulure payments discounled al a market rale of inler&$l. Finanaal ha.111$ dassified as payable within ong year arè not amortised. Debt inslrumenls ar& subs8quentty carried al affKJrtised cost. using the effedive inl•resl raté mèlhiml. Tr8d& creditors 8re otAigalions lo pay foi goods or services that havtr been Ihg ordinary course of Operations Irom suppliers. Amounts payable af8 clasSifd as current liabilities If payment is due wrthin on& year or less. If not, Ihey are presented as nowrrent liabilAies. Trade cdItorS are reco9nised inillally al transaction price and sub5equentty measured al am0sed $1 y$ing the effective interest rnelhod, DerOgnItIOn of finanel•l liabilrfles Financial liabilities are derecognised when the CIO'S contraclual obh'gations expt're or are discharged or ¢8ncell8d. 1.11 Employee b•n•fits The cost of any unused holiday entillemenl is recognised in the penod in which the employee's seNces are received. Termination benefits a Tecognised immediately a5 an expense when Ihe CIO is demonstrably cLsmmitted to ierminale the employment ol an emoyee or lo provide termination benèfits. Crltlcal accountlng e$tim•t•$ •nd lydymonts In the application of Ihe CIO'S accounting pdicie5. the Trustees are required to make judgements. e51imales and assumptions about the carrying arnounl of assets and liabilitiès that are not readily apparent from other sources. Tha ests'mates and assoaated assumplions are baseil on historical experience and olher factors that are considèred lo be relevant. Actual resufts may drffer from Ihese e$limates. The estimatè5 and undertying assumptions are vieWed on an ongoing basis. Revisions to accounting estimates are recognised in the pen(x1 in whith the eslimale is rewsed where the iewsion affects only that period. or in the perK)d of Il* rewiwon and lulure pwiods Whe Ihe revision affects both current and future periods. 15-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om¢ from donations and legaciej Unr•strict•d R•strict•d lunds fundfh 2024 2024 Totsl Unr•strlct•d R•strlctèd funds lund8 2023 2023 Totsl 2024 2023 Donations and grfts Giants Membership fees Olher 263.951 263.951 225.585 2.125 6,665 225,585 2,125 6,665 8.570 3,720 3.720 11.627 11,627 8,570 267.671 11.627 279.298 234.375 8.570 242.945 In¢om• from oth•r tr•dlng •¢tlvltlo• Unrmtrfcted Unr•strlctsd fund¥ fund8 2024 2023 Lelbng and licensing arran9ement$ 102,985 95,502 Oth•r Incom• Unrestricted Unrestrfcted fund# lund• 2024 2023 Income & DonatKJn from Al Falah Other Incorne 275,128 147,767 253.881 100.323 422,895 3S4.184 16-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp+ndlrè on charitats activiti•s Unr•strbct•d Unr•strlct•d Funds Funds 2024 2023 Dir•ct costs Distribulion of tlisasler Relief Fund Di51nbution of Zakat Fund 2,339 16.038 16,038 2,339 Sh•rè of jupport and oov•man¢• ¢osts {s•• not• 71 Support Governance 619,049 8,117 572.097 9,270 643.204 583.706 Anatysl• by lund Unrèstricted funds Restrict8d funds 627.166 16,038 581.367 2,339 643,204 583.706 Support cost• allo¢•t•d to •¢tl¥ltl•s 2024 2023 Staff ¢osl$ Depreciation Other C05t Govemance costs 357.139 46.574 215.336 8,117 322.277 47,115 202.705 9.270 627,166 $81,367 Analy•d b•t4¥•0n: Unreslricted Funds 627.166 581,367 N•t mov•m•nt In funds 2024 2023 The nel movèment in funds is slated after chargingllcredttingl-. Fee5 payable for the audit oflhe charrty's financial sm*nts Depieciation ol owned taNJibla fixed assets 46.574 47.115 17
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tru¥ts•¥ None of the trustees recèived any remuneration during the year bul 6 persons who are connect8d lo Iruslees, received the reMuneraln lolalling £59.201.41 12023 - 8 persons lo Irvslees. receNed the remLtneratson Of £57,440.45). 10 Employe•* The average monthly number of employees during the year was.. 2024 Ilumber 2023 Numb•r 45 42 Employm•nt ¢o¥ts 2024 2023 Wages 8nd $818rie$ Social security costs 349 250 7.889 316.696 5.581 357,139 322.277 There were no employees whose annual remuneralicffj was more than E60,(IYJ. R•munerntlon of k•y manag•mont p•r¥onn 11 Taxalon The charity 18 exempt from lax on inwne and gains falli wilhin section 505 of the Tax&$ Act 1988 or section 252 ollhe Taxation of Chargeable Gain$ Ad 1992 to the exlent Ihat these ara apphed lo rts ehèrrtable objects. 18-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tngts fixed o$$¢ts Fmhokl i•nd and bulding¥ Plant •nd Ffjxtur•8 •t)d •qulpm•Trt flttlng Comput• Tot•1 Cost At 1 January 2024 Addition$ S,5.(Y) 11.084 2.036 15.305 1.110 5.527.499 1,600 3.636 Al 31 December 2024 5,500.OLKJ 13,120 15.305 2,710 5,531,135 Depreciation and ImpalmnI At 1 January 2024 Depreciation charged in the ye¥r 44.898 44.898 7.407 1,143 15.305 1,110 533 68.720 46,574 Al 31 December 2024 89.796 8,550 15,305 1.643 115.294 Carylng amount Al 31 December 2024 5.410.204 4.570 1,067 5.415,841 Al 31 December 2023 5.455.102 3,677 5,458,779 13 Sto¢k• 2024 2023 Finished goods and 9ofyJ$ lor resale 6.915 6,122 14 D•btor 2024 2023 Amounts falllng du• wlthln on• y•ar. Olher ¢Jebtors 66.329 46,022 2024 2023 Amounts flling du• aft•r mor• than on• y*•r. Olher debtors 4.300 5,000 Total dobtorn 70.629 51.022 19-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 15 Creditorn- amounts falllng due within one y¢•r 2024 2023 Other 18xalion and social secajrity Other creditors Accruals and deferred inccAne 2.922 437.925 2,205 595.690 445.407 601.895 16 R•strict•d fvnd$ The restricted fund5 of the charity ¢omprtse the unexpended ba&n¢es of donalKJns and grants hekl on trust Subject to specific condilths by donors as to how Ihey may be used. At 1 January 2Q24 Incomlng rnsoufceB R•sour¢•$ •xynd•d At31 D•¢•mb•r 2024 869.263 11,627 116.038) 864.852 PrnvI0 y•ar: At 1 J•nu•ry 2023 Incomlng •ourc•s Rmourc •xpended At31 Oe¢emb•r 2023 863.032 8.570 12,3391 869,263 17 Unrn•trl¢¢•d funds The unreslricled funds ol th8 charty comprise Ihe vnexpended balances ol donations and grants which arg nol subject to specific nditionS by donors and granlors as lo how they may be used. These include designated funds which have been set aside out of unreslTicfed ftjnds by the trustees for specific purpostr8. Al 1 J•nv•ry 2024 In¢orning resour¢ RÈ#ouYc •xp•t)d¢d At31 DKemb•r 2024 General fund$ 4,123,185 793.551 {627.1661 4.289,570 Prgviou$ y¢ar: Al 1 January 2023 Incoming resources Resourcès expended At31 Docèmb8r 2023 General funds Revaluation re5er¥e 1.165.903 684.LX1 {581.3671 1.268,597 2.854.588 -20-
SRI LANKAN MUSLIM CULTURAL CENTRE UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 18 Analys1$ of nèt assèts between lunds UTrrnstricted fvnd$ 2024 Retst¢tsd fund$ 2024 Total 2024 At 31 D•c•mb•r 2024: Tangible assets Current assetsllli8bTrlrtsl 5.41S.841 11,126,271) 5.415.841 1261.4191 864.852 4.289.570 864.8S2 5.154,422 Unr•8trlet•d lunds 2023 R•strSct•d funds 2023 Totsl 2023 At 31 DK•mbor 2023: T8n9ible asse1$ Current asselsllliabilit$) 5.458,779 {1.335.5941 5,458.779 1466.3311 869,263 4.123,185 869.263 4,992.448 19 R•lat•d party tranactSon• During the year Ihe CIO entered into Ihe follott9 transa¢tion$ with relalod parfies.. None ol Ihe IfU5tees re¢¢ived any remuneraln during the year but 6 pèrsons are cnnected to trustees. réceived the remuneration lolallin9 £59.201.41 12023 - 8 person$ ¢onnéclad to trustees. received the ramunefalion of £57.440.451. Trusleès connected parties name5 are 8$ below. who wère paid during Ihe year. Nm# ol th• R•lt•d Party N4m• of th• p•ron ¢onn•¢t•d to Abdullah Munawaf Urnai Salam Munawar Arnrnar Munawar Mirsab MajeÈth Falhima Sareèfdeen Fah¢J Fayieen Abdur Rahman Munawar Ab<Jur Rahman Munawar Abdur Rahman Munawaf Ismail Majeeth Faik Faizeen Faik FarLè&n 21