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 M￿￿1m As50riatic Charity registrntion number 1178467 PrincSpal office 13 Border Gardens CROYDON CRO 8LQ The truSt￿S Mr V Sheikh Mr M Z ZaKIi Mrs K Kandji Inde￿ndent examiner s8￿MI 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$rt￿n. 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 fath￿aY of lrfe, which emphasizÈs $0(xal cohesion and responsibilty. The aim of the Shirley Muslim Association 1$ lo manifest these traits thrO￿h its activit￿, to not onty benefft Kquslims residents but the wKler community in Shirfey Founded in 2018. the SMA is njn by lo￿1 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"1rt￿S 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￿$> and SOCAal gatherings. Our Communty F￿tbal Club, SMART Sport FC continued in lull Swing. with the YoLrth tèams ex(*llin9 in the TandrKlge League and Men's tearn plaw'ng in tl* Pa4￿ for Life foundats'on's Sunday League (Crystal Palace FC tharrtable arm). We *so our Annual c￿munrtY Evj pr8yer5. whith trK)k place twice through the year. Our Ctsmrnunty Hardship Fund initiab.ve grew substantially. which is aimed at taC￿1￿j food and fuel poverty. Through this we provKJe a weekty alkywance to famil￿$ w indwiduals for purchasing of food and fuel lekdricty or gas key top up). The aCtMt￿S gave us an eXCel￿nt foundation to build off of in 2024r25. Wè were also fr￿Sed 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 c￿rt¢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 Unrestr￿ted funds Totsl funds Total lunds 2023 Income and •ndawrt*nts Donations and Waaes Total income 83,283 83.283 53,677 83.283 83,283 ,677 Expenditur• Expenditure on ¢haritsble actimties Total ex￿ndit￿re 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 $l*ment& 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 a￿1 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 unreStr￿ted 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 P￿85 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 tangl￿e 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)rne is r8o)9nised when receipt is prct*abk and entitlement is established. ir￿orne 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 rr*agJred. No amounts are Included fl the contnbub.on of general vdunteers. income from contracts for the suppty of servie*s is recognised wth the delivery of the contraded service. This is classrfied as un￿strICted 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 Exp￿ditUre 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 wh*th it relates- expendrture on tai5ing fvnds indudes the costs of all fundraising athVit￿s. 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 ts*M1ertaking 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 c*arity 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 a￿1VitieS they contribtrte to on a reasonable, Justifiab￿ and consistent basis. Tangible a$￿ts Tangibtè asse15 are tnftialty rwded at cost, and subsequenlty stated at cost less any acojmulated depreliatM￿ and impairM￿t k)sses. Any tangible assets carried at revalued am￿nts are recorded at the lair valL* at the date of revaluation Jess any subsequent ae)me is stated after Chargin￿l￿&￿￿r￿J). 2024 2023 Depreaation of tangible fixed assets 1,234 Independent examination fees 2024 2023 Fees payable to the iThJependent examiier Indepèndènt examinalion of the fin8naal stslements staff costs The ave*8ge head CLxJnl of employees during the year was 312023.. 3}. No employee rer*1%￿ empk)yee benefits of more than £60.CQO during the year12023: Nill. 10. Trusts¢ rwnuneration and expenses During the year thè Charity was under the ￿ntrol of Trustees and Management C(Knmittee members as listed on paye 1. None of the Injslee or man￿ement ￿￿mittee rnember were remuner*ed or paid any expenses 11 Shirley Muslim Association Notss to the Financial Statements (contwi Year ended 31 March 2024 11. Tangible fixed assets F￿tureS and fftbrvJs Equipment Total At 1 April 2023 Additions 4.517 3,Y)7 7.824 3.120 7.637 3.307 At 31 Match 2024 3,120 10,944 Depr¢¢iation At 1 April 2023 Charge for the year At 31 March 2024 1.155 1.¢X)O 2.718 1.234 234 2.155 1.797 3.952 Carrying amount At 31 March 2024 5,669 1,323 6,992 At 31 March 2023 3,￿2 1.SS7 4.919 12. Debto 2024 2023 Non interest communty kjans 2.495 13. Anatysis of ¢haritable funds Unrgstri¢ted funds At 31 March 20 At 1 Apr￿ 2023 Iw)me Expenditure Gerwal funds 36.870 83.283 (28,372) 91,781 Al 31 March 20 23 1 April 2022 Income Ex￿n￿rture General funds 12,596 56.677 132.403) 36.870 12 Shirley Muslim Association Notes to the Financial Statements IconknuB(9 Year ended 31 March 2024 14. Anatysis ot net assets bgtw••n lunds un￿$trI1Xed Total Funds Funds 2024 Current assets 91.781 91,781 un￿$tri(￿e& Totsl Funds Funds 2023 Current assets 36,870 &8,870 15. Analysis of changès in net debt At At l Apr 2023 Cash fiows 31 Mar 2024 Cash at bank and in haThJ 29,456 51.945 81.401 13 Shirley Muslim Association Management Infomiation Year ended 31 March 2024 The following p•ges do not forni part of th• fin•n¢i¥l statrments. 14 Shirfey Muslim Association Dotalled Statement of Financial Activities Year ended 31 March 2024 2024 2023 In¢ome and endowments Donations and legacies General Donalirns Donated 3¢countanl fees Grants receNed 82,683 48.177 7,900 83.283 .677 Total income 83,283 .677 ExpenditUfÈ EX￿ndit￿re on chafitsblè a¢ti¥itie8 Donations Rent Light and heat Repairs and maintenanc8 Insurance Other establishment Legal and professional fees Telephone Othw off￿e ¢0sts DeprecAation Advertising and Markeiing 8,413 11,541 1,541 540 1,125 238 2,*9 120 17.658 9.880 625 360 127 2.011 120 570 28,372 32.403 Totsl •xpenditu 28.3r2 Net incom• 54.911 24.274 16 Shirley Muslim Association Notss to the Detailed Statement of Financial Actlvlties Year ended 31 March 2024 2024 2023 Exp•ndiiur• on ¢h•ritable a¢ti¥itig* Aetivilies undertaken directy Direct charitable actNity l - Donations Dire¢t chantsble aclwity 1- r￿t Direct charitable activity 1 light & heat Direct charitable actiwty 1- repairs & maintenan Direct charitable actiwty 1 insurance DI￿¢t ¢haritsble acliwty 1- other esiablishmenl (*st DI￿¢1 charitable 8CtMty 1- legal and profes%onal fees Direct charitable actiwty 1 telephone Direci charitable actiwty 1 - IT & website expense$ 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