## **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**
2
## **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:
- examine the accounts under section 145 of the Charities Act
- 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
- 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
1. which gives reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
2. 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**
3
## **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**|
4
## **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|
||**2020**
**£**
43,906
(5,998)|
||
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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