CHARITY REGISTRATION NUMBER: 1178487 Shirley Muslim Association Unaudited Financial Ststements 31 March 2024 SALEEMI ASSOCIATES Chartered accountants Registered Auditors and Chartered Accountants 792 Wickham Road Croydon CRO 8EA
Shirley Muslim Association Financial Ststemènts Year ended 31 March 2024 Page Trustees, annual report IndeperKlent examinels report to the trustees Statement of financial activits'es ststement of financial posrtion Statement of cash flows Notes to the financial statements The following pages do not fomi part of the financlal ststèments Detailed ststement of financial activities 15 Notes to the detailgj statement of financial activities 16
Shirley Muslim Association Trustees, Annual Rèport Year ended 31 March 2024 The twstees present their rÈKXXt anty the unaudited finaniial statements of the chartty for the year ende(131 March 2024. Referene• and administrntivè dètsils Registered chartty name Shith M1m As50riatic Charity registrntion number 1178467 PrincSpal office 13 Border Gardens CROYDON CRO 8LQ The truStS Mr V Sheikh Mr M Z ZaKIi Mrs K Kandji Indendent examiner s8MI Assctiales Registefed Audr(ors and Chartered AewJntsnt$ 792 ckhaM Ro&Y Croydon CRO 8EA structure. govwnan¢e and management The Shirfey Muslim Assocaation 1$ a Charirabbe Ints)rF4Jrated Organisatson ICIOI charitable company {lirnited by guarantee) We have three formal Trustees and 6 further informal Trustees overseeing actwrties of the chanty. Trustee meetings are hdd monthty. where uplates are ptovided around Cufrent inrtiatives run by the SMA, and finanoal pO$rtn. An AGM is held annualty. Current formal Trustees have been appoinled for muttiple years, hen( a not r&elected for the lime being at thè AGM. The SMA appointed management posrtK)ns eompgise of a Chair, a vtychair and a Se(xetary who dispense rnajorty of the respons&)11.es 8SXKkgted with the CIO'S actwrties_ All positions Temain vokJErtary lunpaid). Objectives and activiti•s The Shirfey Muslwn Assoaation ISMA} is a representh.ve tJc¢Jy for Muslim residents liwng in and around the Shirley area wf(hi) tt)e London Borough of Croyth)n. lsQAm is a wllectwist fathaY of lrfe, which emphasizÈs $0(xal cohesion and responsibilty. The aim of the Shirley Muslim Association 1$ lo manifest these traits thrOh its activit, to not onty benefft Kquslims residents but the wKler community in Shirfey Founded in 2018. the SMA is njn by lo1 volunteer professionals and serves an estimated 1.SCM)+ Muslim residents lindividuals and familtrèsl a(yoss Shirfey North and South. promoting community engagement by arrangng congregatK)al prayer tsts"1rtS and social events throughoul thè year. We also work with olher mosques ¢ommittees around Souih Lonth)n and Kent to support mmunity work and soaal and religious education.
Shirley Muslim Association Trustees. Annual Report Year ended 31 March 2024 Achievemants and perfomiance Year ending 2024 has been another successhjl year for the SMA. We had been hampered from delivering Ouf full spectrum of seNces from our base buikling due to some contractual reslri¢tion5, however, still succeeded in several areas. A fvll w(NJram of Ramadan ¢ommunty services was arranged, induding nighty prayer spa(, u)mmunrty fftars Iprovismjn of evening Me$> and SOCAal gatherings. Our Communty Ftbal Club, SMART Sport FC continued in lull Swing. with the YoLrth tèams ex(llin9 in the TandrKlge League and Men's tearn plaw'ng in tl Pa4 for Life foundats'on's Sunday League (Crystal Palace FC tharrtable arm). We so our Annual cmunrtY Evj pr8yer5. whith trK)k place twice through the year. Our Ctsmrnunty Hardship Fund initiab.ve grew substantially. which is aimed at taC1j food and fuel poverty. Through this we provKJe a weekty alkywance to famil$ w indwiduals for purchasing of food and fuel lekdricty or gas key top up). The aCtMtS gave us an eXCelnt foundation to build off of in 2024r25. Wè were also frSed hèavÈly in this year on our bid for the Shirfey Communty Centre asset assignment, which we suctsssfulty won from London Borough of Croydon in March 2024. Ngxt year will see an uptick in a(aiv*ies delivered from the site. Financial rnvl•w The ch8rrties income covered all of its day io day wnning costs. Donab"ons have continued to rlse in 2023r24 as Ihe o)mmunty irrweasingty has been seeing the value and crt¢0 of our outreach programs. The trustees, annual repcffi was approved on 14 JanLWy 2025 and signe(1 on behalf of the board of trustees by.. Mr M Z ZaKIi Trustee
Shirley Muslim Association Independent Examiner's Report to the Trustees of Shirley Muslim Association Year ended 31 March 2024 I report lo the trustees on my examination of the financial statements of Shirley Muslim Association I'the charily'l for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 2011 I'the Act'i. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have Completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairt view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Payal Mishra-FCCA On beha of Saleemi Associates Registered Auditors and Chartered Accountants 792 Wickham Road Croydon CRO 8EA 14 January 2025
Shirley Muslim Association Statement of Financial Activities Year ended 31 March 2024 2024 Unrestrted funds Totsl funds Total lunds 2023 Income and •ndawrtnts Donations and Waaes Total income 83,283 83.283 53,677 83.283 83,283 ,677 Expenditur• Expenditure on ¢haritsble actimties Total exnditre 28.3T2 28.372 32,403 28,3n 28.372 32,403 Not income and mov•ment in funds 54.911 S4.911 24.274 Reconciliation of funds Totsl funds brougm fofward Totsl funds carried forward 36.870 36.870 12.5 91.781 91,781 36.870 The ststement of finanaal actNth'es indudes all gains and losses recc¥Jnised in the year. All irKorne and expenditu dertve from ntinUIng actmties. The not•8 on page$ 7 to 13 fomi wt of th850 financlal $lment&
Shirley Muslim Association Statement of Financial Position 31 March 2024 2024 2023 Fixed assets Tangible fixed assets 11 4,919 Current assets Debtors Cash at bank a1 li hand 12 2,495 29.456 81,401 84.789 31.951 Net ¢urYent assets 84,789 31,951 Total assets less ¢urrent liabilities 91,781 .870 Funds of tho ¢h•rity unreStrted funds 91.781 36,870 Totsl charity funds 13 91,781 36,870 These financial statements were approved by the tK)ard of trustees and auth(xlsed for Issue on 14 January 2025. and are signed on behalf ofthe board by.. Mr M Z ZaKIi Trustee Th• notes on P85 7 to 13 forni w ofth8se financial statements.
Shirley Muslim Association Ststement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flo from opèrnting activiti•s Net income 54,911 24.274 AdjiJstm8nls lor. 0epreciab.on of tangit4e ed assets 1.234 Chansps in." Trade and other debtors 18931 55.252 P.4951 22.647 Cash generated from operatK)ns Net cash operating activities SS.252 22,647 Cash flows from invèsting a¢tivities Purchase of tangle assets Net Cash used in inve5b.ng acbvities {3.n {3.307) 13,1K11 13,CE11 Net increasè in rAsh and cash equi¥alents Cash and rAsh equivalents at beginning of y•ar Cash and cash ¢quivat¢nts •t end of year 51.945 29,456 19.586 9.870 81,401 29.456 Th• notes on pages 7 to 13 fomi part ofthese hn•nclal st*oments.
Shirley Muslim Association Notes to the Financial Statements Year ended 31 March 2024 General information The tharity is a public benefit entity and a registered (arity in England and Wales and is unincorkxYat8d. The address of Ihe piin¢ipal Offi is 13 Border Gardens, Croydon, CR0 8LQ, England. ststem•nt of ¢ompliance These finarrial ststements have been prepared in compliance with FRS 102, 'The Financial Reportitvj Standard applicable in the UK and the Republic of Irelanrt, the Statement of Recommended Practi<E applble to tharities preparing their accounts in accordance with the Financial Rewrting Slandard aPIcable in the UK and Republic of Iland (FRS 102} ICharTtTres SORP IFRS 102)) the Charths Act 2011. Accounting policies Basi$ of Pfeparation The financial st8lernents have been prepared ortr the historical cost basis, as modrfied by Ihtr revaluation of certain finanual assets and IHbilrties and investment properties measured at fair valuè thrgh inJMe or expenditure. The finarla1 statements are prepargj in slerfing, wlich is the fvndKJnal currency of th9 entity. Going concern There are no material uncertainties about the charivs at¥lty lo (xjntinue. Fund accounting unreslr1ed funds are avaiLabSe ts Ltse at the disuetK)n of the trustees to fttrther any ol the charrty's purposes. Oesignated fvnds are unrestri¢d funds earmarked by Ihe truslees for partLr future project or commitment. Restricted fund5 are subjected to restrictions on th"r eXrtU dedared by the donor or through the tÈm5 of an appeal, and fall into one of tsyo sub-dasses". trIcted InMe funds c endownnl lunds.
Shirley Muslim Association Notes to the Financial Statoments (c Year endèd 31 March 2024 Accounting pollci•$ Incoming r•soUe9 All incoming resourLEs are induded in the statemert of )Snanoal activities when enlillement has passed to the charity." it is probable that the economi¢ beneffts asswated with the transaction will llow to the chaftty and the amount can be reliably [rsUred. The following sp8¢rf1¢ policies are applied to pa"?[ categoftes of inojme.. iwjme from donations or grants is regnised when there ts evFdence of entidgmenl lo the grt. receipt is probable and its am(xJnl can te mèasured reliably. legacy irk>)rne is r8o)9nised when receipt is prctabk and entitlement is established. irorne from donated g(y)ds i8 ffleasuw at the faif value of the g(x)ds unless this is impractical to measure reliably, in wh¢h case the value is derived fron the cost to the donor or the estimated sale value. Donated tsu"IrtEs and seNces are recognised in the a¢¢i)unts when received if the walue can be relkabty rragJred. No amounts are Included fl the contnbub.on of general vdunteers. income from contracts for the suppty of servies is recognised wth the delivery of the contraded service. This is classrfied as unstrICted funds unless there is a contiactual rèquirement for it to be spent on a particular pu¥pose and returned rf unspent, in which case rt may be regar¢Jed as restricted. Resources expended ExpditUre is reccgnised on an accruals basis as a liabilty is iwrred. Expenditure includes any VAT which cannot be fully recovered. and is dassffied uNler headings of the stslement of finanrAal activities lo whth it relates- expendrture on tai5ing fvnds indudes the costs of all fundraising athVits. events, non-charitsble tradir¥J adivities. arKI the sale of donated goods. expenditu on tharrtable activities indudes all costs in(xJrred by a charity in tsM1ertaking actNities that further Tts chantsble aims fw the benefit of ts benefiaaries. including those supFx)rt eos15 and costs relaling to the govematKe of the charity apportioned to charttab actwities. ¢)Iher eXpendrtu tndudes all expenditure that 15 neither lated to raising funds for the carity r part of rts eXpendrtU on thartsble activ¢ties. All costs are allocated to expenditu <te9($ reflectitvJ the w of the resouicè. Direct CLJSts attributable to a Sing activty are allo¢ed directly to that activty. Shared cx)sts are apportioned beh¥een the a1VitieS they contribtrte to on a reasonable, Justifiab and consistent basis. Tangible a$ts Tangibtè asse15 are tnftialty rwded at cost, and subsequenlty stated at cost less any acojmulated depreliatM and impairMt k)sses. Any tangible assets carried at revalued amnts are recorded at the lair valL* at the date of revaluation Jess any subsequent ae<xJmulated depre(ialJon and subsequent alMUlated impaimient losses.
Shirley Muslim Association Notes to the Financial Ststements Icorf•ive Year ended 31 March 2024 Accounting polictes {continw Tangible assets (¢onOnu•dJ An sn¢iease in the carrying amunt ol an asset as a resur( of a revaluation. is recognised in other recognised gains and losses, un$ rt reverses a charge for impairment that has previously been recognised as expendrture wrthin the statement of financial aclivtb"es. A decrease in the carrying amount ol an asset as a iesuK of revaluation, i8 fecojnised in other recognised gains and thses, except to which It offsets any premous revaluatK)n gain. in whh ¢xse the loss is shn within other recognised gans and k)sse$ on the stemenl offinancial actiwbes. Oepre¢iation Depreciation is calculated so as to wrrte off the ¢x)st valuation of an asset, less its residual value, over the usèful economic kfe of that asset as fdbws.. Fixtures and fitbng$ Equiprnent 15% redwng baLance 15% redn9 b3nCe Impaimient of fixed assets A rewew for indi<ors of impairwent is I21ed out at each reportirKJ de. with the r)Verable amount being Èstimate(I where such ind10 exist. ere the (arrying value excee(Is the recoverable amount. the asset Trs impatred accoTdir4Jty. Prior Impalrrnts are also reviewed for kxKsible reversal at each portIng date. F(M the purposes of impaiment tèsting. when rt is not possible to estimate the recoverab arnount of an indmdual asset. an esb"rnale is made of the recoverable amount of the cash-generaling unrt lo which the asset belongs. The ¢ash%enerating unit is the smallest idèntsfiable group of assets thai indudes the asset and generates cash inllows that largely indetTKlent of the cash inftows from other assets or groups of assets. For impaimient teslsng of gLMkn'II. the gco(Iwill acquired in a busirs mbinatIon 15. from the acquisth.on de. allocated to each of the Cash-geratlng unrts that are expected to tenefft from the SYnergS of the combinabon. irrespective ol whether other assets or lkabllit ol the charity are assigned lo those unils. Finncial instruments A financAal asset or a finawal liability is re¢DJnJ5&J only when the (arty be(xJmes 8 party to the contractual provIsnS of the instrument. Basi¢ finan£xal instruments are initkalty recognised at the amryjnt rNab or payablè including any felated trans.0 costs. Curreni assets and current liabilth.es • subseqW measured * the ¢a$h or olhef nsideratsjn expected to be paKI or TNed and not discounted. Detl instruments are subsequently measufed at amortised cost Where investments in shares arè publK* tred the¥ fair Value can tstrprwÈse be measured i&liably. the investment ss subseouentty measured at fair value with th8nges in fair val fecognised in income and expendrtLbre. AJI othèr suth investments are subsequèntty measured al cost le impalmient.
Shirley Muslim Association Notes to tho Financial Slatements Year endèd 31 Mah 2024 Aceountlng policies (¢tinUeI Financial instruments i¢ofttiftu) Olhef finanaal instruments, inthding derivatNès, are inal recognised at lair value, Jnless paymerrt for an asset Is deferred beyond normal bUnesS tern or financed * a rate of Inte$t that is not a market rate, in whith case the asset is meaSUd at the pre5enl value of the future payments discounted al a market rate of intet for a similar debt nsttumenl. Other finalat insiruments are subsequently mèasufed * fair value. with any change¥ ieu)gnised in the statement of finanoal aCtlIES. wrth the except of hedging instruments in a designated h8dging relab"onship. Finartial assets that are measured at cost or amortised cost are rev4èwed foi objectivè 8viden¢e of impairment * the end of each reporting date. If there is objeth've edence of impairment, an impairment bss is rwnised under the appropriate heading in the statement of finanual aclNities tn which the initial gain was reo)gnised. For all equty instnjments regaTdkn of signfficance. and otheT financial assets that are ndNidually signthcant. these are assessed individually for 5mp3imient. Other financial 85sets are either a55essed indNKlually crf grouw on the basis of similar c¥edrt iisk ¢aracterisics. Any reversals of tmpairment are recognised irnmedkate, to the extent that the versal does not result in a rryIng amount of the finanual asset that exceeds what the carrying amount would l)ave been had Ihe impaimient not pwousty been rwnised. Donations and legacies UnrestTted Tolal Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Donations Genèral Donation5 82,683 82,683 48.177 48.177 Gr¥rrts Grants recewed 83.2&3 83.283 56,677 ,877 Expenditure on charitable aclivities by fund type untrteLl Total Funds Unrestricted Total Fun¢Js Funds 2024 Funds 2023 EXnditure on chatitsble actNilS pport costs 27.772 27,7r2 31,802 31.802 601 28.372 28.3r2 32.403 32,403 10
Shirley Muslim Association Notes to the Financial Statsm8nts Year ended 31 March 2024 Expenditurg on Cha•itab actfvltiès by activity typ• Acliwbes undertaken diredy Support Total funds (xjsts 2024 Total fund 2023 Expenditure on charitable activibes Govemance costs 27,772 27,772 31,802 27.772 28,372 32.403 N•t ineom• Nel in¢>)me is stated after Charginl&rJ). 2024 2023 Depreaation of tangible fixed assets 1,234 Independent examination fees 2024 2023 Fees payable to the iThJependent examiier Indepèndènt examinalion of the fin8naal stslements staff costs The ave8ge head CLxJnl of employees during the year was 312023.. 3}. No employee rer1% empk)yee benefits of more than £60.CQO during the year12023: Nill. 10. Trusts¢ rwnuneration and expenses During the year thè Charity was under the ntrol of Trustees and Management C(Knmittee members as listed on paye 1. None of the Injslee or manement mittee rnember were remuner*ed or paid any expenses 11
Shirley Muslim Association Notss to the Financial Statements (contwi Year ended 31 March 2024 11. Tangible fixed assets FtureS and fftbrvJs Equipment Total At 1 April 2023 Additions 4.517 3,Y)7 7.824 3.120 7.637 3.307 At 31 Match 2024 3,120 10,944 Depr¢¢iation At 1 April 2023 Charge for the year At 31 March 2024 1.155 1.¢X)O 2.718 1.234 234 2.155 1.797 3.952 Carrying amount At 31 March 2024 5,669 1,323 6,992 At 31 March 2023 3,2 1.SS7 4.919 12. Debto 2024 2023 Non interest communty kjans 2.495 13. Anatysis of ¢haritable funds Unrgstri¢ted funds At 31 March 20 At 1 Apr 2023 Iw)me Expenditure Gerwal funds 36.870 83.283 (28,372) 91,781 Al 31 March 20 23 1 April 2022 Income Exnrture General funds 12,596 56.677 132.403) 36.870 12
Shirley Muslim Association Notes to the Financial Statements IconknuB(9 Year ended 31 March 2024 14. Anatysis ot net assets bgtw••n lunds un$trI1Xed Total Funds Funds 2024 Current assets 91.781 91,781 un$tri(e& Totsl Funds Funds 2023 Current assets 36,870 &8,870 15. Analysis of changès in net debt At At l Apr 2023 Cash fiows 31 Mar 2024 Cash at bank and in haThJ 29,456 51.945 81.401 13
Shirley Muslim Association Management Infomiation Year ended 31 March 2024 The following p•ges do not forni part of th• fin•n¢i¥l statrments. 14
Shirfey Muslim Association Dotalled Statement of Financial Activities Year ended 31 March 2024 2024 2023 In¢ome and endowments Donations and legacies General Donalirns Donated 3¢countanl fees Grants receNed 82,683 48.177 7,900 83.283 .677 Total income 83,283 .677 ExpenditUfÈ EXnditre on chafitsblè a¢ti¥itie8 Donations Rent Light and heat Repairs and maintenanc8 Insurance Other establishment Legal and professional fees Telephone Othw offe ¢0sts DeprecAation Advertising and Markeiing 8,413 11,541 1,541 540 1,125 238 2,*9 120 17.658 9.880 625 360 127 2.011 120 570 28,372 32.403 Totsl •xpenditu 28.3r2 Net incom• 54.911 24.274 16
Shirley Muslim Association Notss to the Detailed Statement of Financial Actlvlties Year ended 31 March 2024 2024 2023 Exp•ndiiur• on ¢h•ritable a¢ti¥itig Aetivilies undertaken directy Direct charitable actNity l - Donations Dire¢t chantsble aclwity 1- rt Direct charitable activity 1 light & heat Direct charitable actiwty 1- repairs & maintenan Direct charitable actiwty 1 insurance DI¢t ¢haritsble acliwty 1- other esiablishmenl (st DI¢1 charitable 8CtMty 1- legal and profes%onal fees Direct charitable actiwty 1 telephone Direci charitable actiwty 1 - IT & website expense$ Direct charitable actiwty 1- depreciation Direct charitable activity 1- Advertis*ThJ and Marketing 8.413 11,541 1.541 17.658 9,880 625 360 1.125 238 2,9 120 556 1.234 95 127 1,410 120 570 27,772 31,802 Govèman¢¢ ¢o$ts Govemance costs- accountancy kes Expenditurn on CharItab athFt 28.372 32,403 16