2022-07-31-accounts - Turners & Locksley Residents Association

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Turners & Locksley Residents Association

Registered charity, number 1180481 Trustee report and Financial Statements for the year ended 31[st] July 2022

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 2022

Full name: Turners & Locksley Residents Association

Registered charity number 1180481

Principal address: 11 Bangla Close, Bow, London, E3 4YD.

Trustees

Mr Mustaque Ahmed Mr Zaber Ahmed Mr Tipu Sultan Chowdhury Mr Mohammed Helal Ahmed Mr Shahjahan Miah Mr Muhammad Emran Hussain Mr Jamir Hussain Chowdhury

Bankers

Barclays Bank, Whitechapel

Independent examiner

Abdul Muktadir, Financial Accountant, for LB Slough, 25 Windsor Rd, SL1 2EL.

Governance and management

The charity is operated under the rules of its constitution adopted on 15[th] October 2018 and was registered as an 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.

Reserves Policy

The Trustees currently do not have a reserves policy.

Dated: 15/05/2023

Turners Road & Locksley Resident Association Independent Examiners report for the year ended 31st July 2022

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 2022 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

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
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Abdul Muktadir Financial Accountant LB Slough 25 Windsor Rd, SL1 2EL

Dated: 12 May 2023

Turners Road & Locksley Resident Association Income and Expenditure Account for the period: 01 August 2021 to 31[st] July 2022.

Incoming resources Voluntary Donations (Inc direct bank credits) Friday Prayer Collection Maktab (Arabic Classes) Collection Grants HMRC Gift Aid Ramadhan Charity Appeal Other Income Total incoming resources Outgoing Expenses Rent Wages (including for Maktab) Maktab Cost (Arabic Classes) Centre Building Works Repair Cost Capital Cost Electricity Broadband and Barclaycard Machine Event Cost Other Expenses Total outgoing expenses *Surplus/(deficit) for the year*	Unrestricted Funds Restricted Funds 31/July/2022 31/July/2021 £ £ £ £39,587.60 £0.00 £39,587.60 £28,678.40 £15,525.50 £0.00 £15,525.50 £27,027.43 £0.00 £0.00 £0.00 £0.00 £500.00 £0.00 £500.00 £5,000.00 £1,953.47 £0.00 £1,953.47 £4,721.78 £0.00 £0.00 £0.00 £0.00 £728.14 £0.00 £728.14 £4,436.00
	£58,294.71 £0.00 £58,294.71 £69,863.61
	£17,500.00 £0.00 £17,500.00 £5,000.00 £24,605.00 £0.00 £24,605.00 £23,880.00 £0.00 £0.00 £0.00 £0.00 £3,828.00 £0.00 £3,828.00 £4,790.00 £0.00 £0.00 £0.00 £1,905.00 £0.00 £0.00 £0.00 £0.00 £3,481.31 £0.00 £3,481.31 £1,608.00 £1,764.58 £1,764.58 £751.82 £2,260.00 £0.00 £2,260.00 £3,003.00 £3,920.49 £0.00 £3,920.49 £2,481.12
	£57,359.38 £0.00 £57,359.38 £43,418.94

	£935.33 £0.00 £935.33 £26,444.67

Turners Road & Locksley Resident Association Balance Sheet Statement for the period: 01 August 2021 to 31[st] July 2022.

Balance Sheet as at 31 July 2022

Notes Current assets Cash at bank and in hand Net current assets Net assets Total Funds Income & Expenditure Account2	65,288	£ 2022 £ 65,288 65,288 65,288 65,288	64,353	£ 2021 £ 64,353 64,353 64,353
	65,288		64,353
				64,353

These financial statements are accepted on behalf of the charity by:

Dated: 15 May 2023

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 Income and Expenditure Account

Income and Expenditure Account
	2022
	£
At 1 August 2021	64,353
Surplus/(deficit) for the year	935
At 31 July 2022	65,288

3. 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.

4. Trustees’ remuneration

No trustees were paid either remuneration or expenses during the accounting period.

5. Related party transactions

There were no related party transactions in this period.

6. Previous period comparison

The previous period’s figures have been included for comparison.

7. 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.