Turners & Locksley Residents Association
Registered charity, number 1180481 Trustee report and Financial Statements for the year ended 31[st] July 2020
| Page | Contents |
|---|---|
| 1-2 | Trustees’ annual report |
| 3 | Independent examiner’s report |
| 4 | I&E Account |
| 5 | Balance Sheet |
| 6 | Notestotheaccounts |
Turners & Locksley Residents Association
Trustees’ annual report for the year ended 31[st ] July 2020
Full name: Turners & Locksley Residents Association
Registered charity number 1180481
Principal address: 42 (behind no 40), Turners Road, London, E3 4LE
Trustees
Mr Mustaque Ahmed Mr Zaber Ahmed Mr Tipu Sultan Chowdhury Mr Mohammed Helal Ahmed Mr Shahjahan Miah
Bankers
Barclays Bank, Whitechapel
Independent examiner
Abdul Muktadir, Finance Manager for LB Newham, Newham Dockside, E16 2QU.
Governance and management
The charity is operated under the rules of its constitution adopted on 15[th] October 2018 and was registered as a unincorporated association with the Charity Commission on the 29[th] October 2018.
The method adopted for the recruitment and appointment of new trustees is contained within the constitution.
Aims and objectives
The objects of the charity are:
To advance the Islamic faith in the Turners & Locksley area for the benefit of the public in particular through the holding of prayers, lectures, and the public celebration of religious festivals. Providing or supporting in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their condition of life.
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Reserves Policy
The Trustees currently do not have a reserves policy.
Dated: 24/05/2021
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Turners Road & Locksley Resident Association Independent Examiners report for the year ended 31st July 2020
Independent Examiners Report to the trustees of Turners & Locksley Residents Association
I report on the accounts of Turners Road & Locksley Resident Association for the period ended 31st July 2020 which are set out on pages 4 and 5.
Respective responsibilities of committee & examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to my attention
Basis of independent examiners report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiners statement
In connection with my examination, no matter has come to my attention
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which gives reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Abdul Muktadir Finance Manager LB Newham Newham Dockside, E16 2QU
Dated: 17 May 2021
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Turners Road & Locksley Resident Association Income and Expenditure Account for the period: 01 August 2019 to 31[st] July 2020.
| Incoming resources Incoming resources from generated funds: Voluntary Donations (Inc direct bank credits) Friday Prayer Collection Maktab (Arabic Classes) Collection HMRC Gift Aid Ramadhan Charity Appeal Other income Total incoming resources Outgoing expenses Rent Wages (including for Maktab) Maktab cost (Arabic Classes) Centre maintenance cost Repair Cost Capital Cost Electricity Event Cost Other Expenses Total outgoing expenses Surplus/(deficit) for the year |
Unrestricted Funds £ 14,706 12,525 1,495 3,327 3,035 550 35,638 £12,650 £18,420 £280 £145 £369 £2,361 £1,812 £1,735 £3,864 41,636 -£5,998 |
Restricted Funds £ 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0.00 £0.00 |
2020 £ 14,706 12,525 1,495 3,327 3,035 550 35,638 12,650 18,420 280 145 369 2,361 1,812 1,735 3,864 41,636 -£5,998 |
2019 £ 18,704 10,395 7,565 8,236 9,616 2,372 |
|---|---|---|---|---|
| 56,888 | ||||
| 8,000 20,740 587 935 300 0 2,531 600 2,051 |
||||
| 35,744 | ||||
| £21,144 |
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Turners Road & Locksley Resident Association Balance Sheet Statement for the period: 01 August 2019 to 31[st] July 2020.
----- Start of picture text -----
Balance Sheet as at 31 July 2020
Notes 2020 2019
£ £
Fixed assets
Tangible asset 500
Current assets
Debtors 2 2,206
Cash at bank and in hand 37,908 41,200
37,908 43,406
Net current assets
37,908 43,906
Net assets
Total Funds
Income & Expenditure Account 3 37,908 43,906
37,908 43,906
----- End of picture text -----
These financial statements are accepted on behalf of the charity by:
Dated: 24 May 2021
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Notes to the Accounts
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
| 2 Debtors 2020 £ Other debtors 3 Income and Expenditure Account At 1 August 2019 Surplus/(deficit) for the year At 31 July 2020 |
2019 £ 2,206 |
|---|---|
2,206 |
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| 2020 £ 43,906 (5,998) |
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37,908 |
4. Premises & staff
The organization does not own buildings or land, hiring venues as the need arises. The organization has leased the community building for a period of 15 years commencing from November 2015. The organization employ no staff, with all activities, events and governance being carried out by trustees and volunteers.
5. Trustees’ remuneration
No trustees were paid either remuneration or expenses during the accounting period.
6. Related party transactions
There were no related party transactions in this period.
7. Previous period comparison
The previous period’s figures have been included for comparison.
8. Glossary of terms
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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