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2022-04-01-accounts

SOUTH WEST LONDON ISLAMIC SOCIETY REGISTERED CHARITY NUMBER: 1186937 (registered in England and Wales)

ANNUAL AND FINANCIAL REPORT 2022

(PERIOD 2[ND] APRIL 2021 – 1[ST] APRIL 2022)

1

CONTENTS

Page
Introduction 3
Trustees’ annual report for the period 4
Independent examiner’s report on the accounts 26
Annual accounts for the period 28

2

INTRODUCTION

This is the 2022 annual and financial report of the South West London Islamic Society trustees. It is presented together with the trustees’ annual report for the period, independent examiner’s report on the accounts and the annual accounts for the period ended 1[st] April 2022.

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section A Reference and administration details Period start date From: 02/04/2021 Period end date To: 01/04/2022 Charity name South West London Islamic Society Registered charity number 1186937 (registered in England and Wales) Charity's principal address 182 Western Road, London, CR4 3EB Charity trustees who manage Tahir Chaudry (Chair) the charity Mohamed Mahamud (Trustee) Bourhan Ali (Trustee) Jason Mitchell (Trustee) Bankers HSBC Bank PLC, 117 Balham High Rd, Balham, London, SW12, 9AS Metro Bank, Clapham Junction, 4-8 St John’s Road, Battersea, SW11 1PN Accountants Refer to Independent examiner’s report on the accounts

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section B Structure, governance and management

Type of governing document

Trust deed (dated 01 July 2019)

How the charity is constituted

Trust

Trustee selection methods

As explained in the governing document.

Additional governance details

Policies and Procedures

Policies and procedures adopted by the Charity for the induction and training of trustees include:

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

In addition to the above, the Charity has designed, documented, implemented and reviewed (quarterly) the following polices in order to ensure the Charity adheres and operates to a stringent governance and compliance framework:

Organisational Structure

The Trustees are responsible for the following:

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Principal Risks and Uncertainties (Risk Management Policy)

The trustees have considered the material risks facing the charity and have put in place mitigating controls to address these risks.

During the year 2021-2022, the trustees identified the following key risks and the measures to be taken to address the key identified risks:

Governance risks

Potential risk: The charity lacks direction, strategy and forward planning Potential impact: - the charity drifts with no clear objectives, priorities or plans - issues are addressed piecemeal with no strategic reference - needs of beneficiaries not fully addressed - financial management difficulties Steps to mitigate risk: - creation of a strategic plan which sets out the key aims, objectives and policies - creation of financial plans and budgets - close monitoring of financial and operational performance - regular feedback obtained from beneficiaries and funders Operational risks Potential risk: Service provision – customer satisfaction Potential impact: - beneficiary complaints - loss/reduction of donations Steps to mitigate risk : - agreement of quality control procedures - implementation of complaints procedures - benchmarking of services and implementation of complaints review procedures Financial risks Potential risk: Reserves policies Potential impact: - lack of funds or liquidity to respond to new needs or requirements - inability to meet commitments or planned objectives Steps to mitigate risk: - linkage of reserves policy to business plans, activities and identified financial and operating risk - regularly review reserves policy and reserve levels

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Environmental and external factors

Potential risk: Relationship with funders Potential impact: - deterioration in relationship may impact on funding and support available Steps to mitigate risk: - ensuring regular contact and briefings to donors - reporting fully on projects

Compliance risk (law and regulation)

Potential risk: Compliance with legislation and regulations appropriate to the activities, size and structure of the charity Potential impact: - fines and penalties from regulators - reputational risks Steps to mitigate risk: - identification of key legal and regulatory requirements - allocation of responsibility for key compliance procedures

Plans for the future

South West London Islamic Society has grown rapidly since its inception. Its future strategy is to ensure it continues and strengthens what it has achieved in the past (refer to achievements during the year section) and to ensure it effectively achieves its objectives.

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To facilitate the worship for the Muslim community. To teach the correct understanding of Islaam to the Muslims & Non-Muslims, by frequent lessons and occasional conferences, for the males & females, young and old, in and around the Boroughs of Wandsworth, Lambeth and Merton.

The trustees review the aims, objectives and activities of the charity each year. This review looks at what the charity has achieved and the outcomes of its work in the reporting period.

The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity’s aims, objectives and activities remained focused on its stated purposes.

Summary of the main activities undertaken for the public benefit in relation to these objects

Advance the Islamic religion for the benefit of the public through:

Public Benefit Statement

The trustees have referred, reviewed and adhered to the guidance issued and contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives, and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. The Trustees have concluded that:

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Additional details of objectives and activities

Investment policy

Should the Charity decide to invest as a means of generating additional revenue, all investment decisions will be discussed amongst all Trustees.

All investments undertaken by the Charity will only be undertaken on the following conditions:

Contribution made by volunteers

The Charity recognises the contribution made by its volunteers and is appreciative of this.

Examples of contributions made by the Charity’s volunteers during the year include:

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section D Achievements and performance

Summary of the main achievements of the charity during the year

An exceptional, productive and beneficial year for the charity, summarised as per below:

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

– Purchase of permanent building capacity for approximately 200 people

The Charity undertook an extensive fundraising campaign to purchase a permanent building.

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Below are a sample of events and communications which led to the Charity successfully being able to purchase the building.

----- Start of picture text -----
Community outreach programme
----- End of picture text -----

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

- Community engagement Weekly youth clubs, including football

Lectures delivered throughout the year

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Distribution of Zakaatul Fitr in UK

Ramadan and Eid Events for the Community

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Increased social media activity and followers

The charity has increased its social media presence to promote the charity and its objectives. This has been positively received through the increased number of followers with over 8,900 followers on Twitter.

Twitter page

The charity also promotes itself and its objectives via Instagram, YouTube, SoundCloud, Mixlr and its website, providing free audio recordings and materials to benefit and educate.

Additionally, the charity’s website (www.ibnmubarak.com) is regularly updated with new material and continually monitored, with increased visits to the website since its launch, increasing year on year.

Website

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section E Financial review

Funds materially in deficit

There were no funds materially in deficit during the period.

Principal sources of funding

The principal source of funding is from individual donors from within the UK who generously donate to the charity and also respond to appeals.

Further financial review

Please refer to the Annual accounts for the period with regards to the charity’s principal sources of funds/income and expenditure, in addition to how expenditure has supported the key objectives of the charity.

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Income and Expenditure

Income

This year South West London Islamic Society generated income of £712,005; with 97% (£691,470) received from our donors for our Masjid Appeal. The total income received in 2021-2022 was up by £700,328 from the previous year, 2020-2021 (£11,677).

- Income Summary (2021 2022)

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Income Description Income
Received		 Percentage of total
income received
Donations - Masjid Appeal £691,470.24 97%
Donations - Loan for Masjid Appeal £20,000.00 3%
Donations - Zakaatul Fitr £485.24 0.1%
Donations - Masjid Aston Appeal £40.00 0.01%
Donations - Zakaat £10.00 0.001%
Total income received £712,005.48 100%

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Expenditure

During the year South West London Islamic Society spent £712,016. This helped us to achieve our objectives and aims as a charity, with the primary expenditure during the year having been spent on Loan repayment (£683,441). Expenditure this year was up against the previous year, having spent £7,598 during 2020-2021.

- Expenditure Summary (2021 2022)

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Expenditure Description Expenditure
spent		 Percentage of total
expenditure spent
Loan repayment £683,440.75 96%
Communityfundraiser £6,023.42 1%
Planningapplication fees £4,757.97 1%
Legal fees £3,988.00 1%
Travel expenses £3,486.00 0.5%
Eid event expenses - includingfood £1,530.08 0.2%
Hall hire £1,310.00 0.2%
Eid Park hire £1,228.80 0.2%
Surveyor fees £1,080.00 0.2%
Donations - Masjid Aston Appeal £1,074.35 0.2%
Book and leafletpurchases £910.00 0.1%
CommunityIftaar £908.38 0.1%
Transfer of funds between accounts £560.49 0.1%
Promotional Video design fees £360.00 0.1%
Donations - Zakaatul Fitr £313.57 0.04%
Digital design services £222.69 0.03%
Website hosting £216.00 0.03%
LiabilityInsurance £116.00 0.02%
Software expenses £99.84 0.01%
Soundcloudplatform fees £90.00 0.01%
Transaction fees £83.33 0.01%
Collection Boxes £66.00 0.01%
Bannerprintingfor fundraisingevent £56.98 0.01%
Printingcosts £35.99 0.01%
Mixlr subscription fees £28.76 0.004%
Bank charges £28.30 0.004%
Total expenditure spent £712,015.70 100%

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Net Income/Spending

Financialyear end(1-April) Income Spending Net
Income/Spending
2022 £712,005 £712,016 -£11
2021 £11,677 £7,598 £4,079

Section F Other information

Overall, an exceptional year for the Charity during 2021-2022, as detailed per the Achievements and Performance section of the Trustees’ Annual Report. The Charity expects this to continue further in 2022/2023 and beyond.

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

Section G Declaration & Statement of Trustees’ Responsibilities

The trustees declare that they have approved the trustees’ annual report for the period above.

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and Accounting Standards.

This requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the charity, the incoming resources and the application of resources, including the income and expenditure of the charity for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any given time the financial position of the charity and which enable them to ensure that the financial statements are compliant. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees, individually, are aware:

The trustees are responsible for the maintenance and integrity of the financial information included on the charity’s website.

The trustees’ annual report for the period has been approved by the trustees on date and signed on their behalf by:

Signature
Full name Tahir Chaudry
Position Chair
Date 31/01/2023

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/
members of		 SOUTH WEST LONDON ISLAMIC SOCIETY
On accounts for the year
ended		 02/04/2021 – 01/04/2022 Charity no 1186937
Set out on pages 28 – 37
Respective
responsibilities of trustees
and examiner		 The charity's trustees are responsible for the preparation of the accounts in
accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year
under section 144 of the Act and that an independent examination is
needed. The charity’s gross income exceeded £250,000 and I am qualified to
undertake the examination by being a qualified member of the Association
of Chartered Certified Accountants ACCA.
It is my responsibility to:
• examine the accounts under section 145 of the Charities Act,
• to follow the applicable Directions given by the Charity Commission
(under section 145(5)(b) of the Act, and
• to state whether particular matters have come to my attention.
Basis of independent
examiner’s statement		 My examination was carried out in accordance with 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.

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Independent examiner's
statement		 In connection with my examination, no material matters have come to my
attention which gives me cause to believe that in, any material respect,:
• the accounting records were not kept in accordance with section 130
of the Act; or
• the accounts did not accord with the accounting records; or
• the accounts did 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 fair’ 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 attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Signed:Hashim Habshi
Date:31/01/2023
Name:Hashim Habshi
Relevant professional qualification(s) or body:ACCA
Address: 93 Oatlands Drive, Slough, Berkshire
England, United Kingdom,
SL1 3HD

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

SOUTH WEST LONDON ISLAMIC CENTRE REGISTERED CHARITY NUMBER: 1186937 (registered in England and Wales) ANNUAL ACCOUNTS FOR THE PERIOD: 02/04/2021 – 01/04/2022 STATEMENT OF FINANCIAL ACTIVITIES

Note Unrestricted
Funds		 Restricted
Income
Funds		 Total
Funds
(2022)		 Prior Year
Funds
(2021)
£ £ £ £
Incoming Resources
Income from:
Donations,legacies and similar 1 0 712,005 712,005 11,677
Incoming Resources from
Charitable activities		 2 0 0 0 0
Income from other Resources 3 0 0 0 0
TOTAL INCOMING
RESOURCES		 0 712,005 712,005 11,677
Resources Expended
Expenditure on:
Charitable activities 4 6,932 1,388 8,320 0
Other expenditure 5 703,696 0 703,696 7,598
TOTAL RESOURCES EXPENDED 710,628 1,388 712,016 7,598
NET MOVEMENT IN FUNDS

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

SOUTH WEST LONDON ISLAMIC CENTRE REGISTERED CHARITY NUMBER: 1186937 (registered in England and Wales) ANNUAL ACCOUNTS FOR THE PERIOD: 02/04/2021 – 01/04/2022 STATEMENT OF ASSETS AND LIABILITIES AT THE END OF THE PERIOD 01/04/2022

FIXED ASSETS
Equipment Fixtures &
**Fittings **		 Total
£ £ £
COST
As At 2 April 2021 0 0 0
Additions 0 0 0
As At 1 April 2022 0 0 0
DEPRECIATION
As At 2 April 2021 0 0 0
Charge For The Year 0 0 0
As At 1 April 2022 0 0 0
NET BOOK VALUES
AS AT 1 April 2022 0 0 0
AS AT 1 April 2021 0 0 0

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TRUSTEES’ ANNUAL REPORT FOR THE PERIOD

CURRENT ASSETS CURRENT ASSETS
2022 2021
£ £
Cash & Bank Account
Balances		 9,141 7,151
Debtors 0 0
Stock 0 0
TOTAL CURRENT ASSETS 9,141 7,151
CASH FUNDS
Unrestricted
Funds
(2022)		 Restricted
Income
Funds(2022)		 Total Funds
(2022)		 Unrestricted
Funds(2021)		 Restricted
Income
Funds
(20201		 Total
Funds
(2021)
£ £ £ £ £ £
Current
Account		 2,000 0 2,000 7,151 0 7,151
Masjid Appeal
Account		 0 7,141 7,141 0 0 0
TOTAL CASH
FUNDS		 2,000 7,141 9,141 7,151 0 7,151
CREDITORS
2022 2021
£ £
Amounts FallingDue Within One Year 0
0
Amounts FallingDue after more than One Year 0
0
TOTAL CREDITORS 0
0

The annual accounts for the period has been approved by the trustees on date and signed on their behalf by:

Signature Full name Tahir Chaudry Position Chair Date 31/01/2023

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ANNUAL ACCOUNTS FOR THE PERIOD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 01 APRIL 2022

1. Donations, legacies and similar

Unrestricted
Funds
(2022)		 Restricted
Income
Funds
(2022)		 Total
Funds
(2022)		 Unrestricted
Funds
(2021)		 Restricted
Income
Funds
(2021)		 Total
Funds
(2021)
£ £ £ £ £ £
Donations - Masjid Appeal 0 691,470 691,470 0 11,677 11,677
Donations - Loan for
Masjid Appeal		 0 20,000 20,000 0 0 0
Donations - Zakaatul Fitr 0 485 485 0 0 0
Donations - Masjid Aston
Appeal		 0 40 40 0 0 0
Donations - Zakaat 0 10 10 0 0 0
TOTAL DONATIONS,
LEGACIES AND SIMILAR		 0 712,005 712,005 0 11,677 11,677

2. Incoming Resources from Charitable activities

Unrestricted
Funds
(2022)		 Total
Funds
(2022)		 Unrestricted
Funds
(2021)		 Total
Funds
(2021)
£ £ £ £
- 0 0 0 0
TOTAL INCOMING RESOURCES
FROM CHARITABLE ACTIVITIES		 0 0 0 0

3. Income from other Resources

Unrestricted
Funds
(2022)		 Total
Funds
(2022)		 Unrestricted
Funds
(2021)		 Total
Funds
(2021)
£ £ £ £
- 0 0 0 0
TOTAL INCOME FROM OTHER
RESOURCES		 0 0 0 0

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ANNUAL ACCOUNTS FOR THE PERIOD

4. Charitable activities

Unrestricted
Funds
(2022)		 Restricted
Income
Funds
(2022)		 Total
Funds
(2022)		 Unrestricted
Funds
(2021)		 Restricted
Income
Funds
(2021)		 Total
Funds
(2021)
£ £ £ £ £ £
Communityfundraiser 6,023 0 6,023 0 0 0
Donations - Masjid Aston
Appeal		 0 1,074 1,074 0 0 0
Community Iftaar 908 0 908 0 0 0
Donations - Zakaatul Fitr 0 314 314 0 0 0
TOTAL CHARITABLE
ACTIVITIES		 6,932 1,388 8,320 0 0 0

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ANNUAL ACCOUNTS FOR THE PERIOD

5. Other expenditure

Unrestricted
Funds
(2022)		 Total
Funds
(2022)		 Unrestricted
Funds
(2021)		 Total
Funds
(2021)
£ £ £ £
Loan repayment 683,441 683,441 0 0
Planningapplication fees 4,758 4,758 0 0
Legal fees 3,988 3,988 0 0
Travel expenses 3,486 3,486 0 0
Eid event expenses -
includingfood		 1,530 1,530 0 0
Hall hire 1,310 1,310 7,598 7,598
Eid Park hire 1,229 1,229 0 0
Surveyor fees 1,080 1,080 0 0
Book and leafletpurchases 910 910 0 0
Transfer of funds between
accounts		 560 560 0 0
Promotional Video design
fees		 360 360 0 0
Digital design services 223 223 0 0
Website hosting 216 216 0 0
LiabilityInsurance 116 116 0 0
Software expenses 100 100 0 0
Soundcloudplatform fees 90 90 0 0
Transaction fees 83 83 0 0
Collection Boxes 66 66 0 0
Banner printing for
fundraisingevent		 57 57 0 0
Printingcosts 36 36 0 0
Mixlr subscription fees 29 29 0 0
Bank charges 28 28 0 0
TOTAL OTHER
EXPENDITURE		 703,696 703,696 7,598 7,598

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ANNUAL ACCOUNTS FOR THE PERIOD

6. Staff Costs

2022 2021
£ £
Salaries 0 0
Average number of
employees for theperiod		 0 0
No employees were paid
more than £60,000.

7. Corporation tax

The charity is exempt from corporation tax on its charitable activities.

8. Contingent Liabilities

There were no Contingent Liabilities at 01 April 2022 (2021: £NIL).

9. Trustee remuneration and expenses

All trustees are volunteers with no expenses paid out. No trustee received any remuneration or other benefits from the charity. There were no related party transactions.

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ANNUAL ACCOUNTS FOR THE PERIOD

10. Accounting Policies

(a) Basis of Preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

(b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

(c) Funds structure

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.

Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal at Friday prayers or under the terms for public collection of Zakat in accordance with the teachings of Islam.

(d) Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:

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ANNUAL ACCOUNTS FOR THE PERIOD

Donations and legacies

Income from donations and legacies comprises income generated from the following sources:

Income from donations and legacies is defined in the Charities Statement of Recommended Practice (FRS 102 SORP) at paragraph 4.31 and 4.32.

Charitable activities

This includes:

Income from charitable activities is defined in the Charities Statement of Recommended Practice (FRS 102 SORP) at paragraphs 4.33 to 4.34.

Other

This amount includes gains on the disposal of tangible fixed assets and receipt of any other income that cannot be accounted for in the categories above (S01 to S05). It may also include the conversion of endowment funds into income.

Other income is defined in the Charities Statement of Recommended Practice (FRS 102 SORP) at paragraphs 4.39 to 4.41.

(e) Tax reclaims on donations and gifts

Incoming resources from tax claims are included in the Statement Of Financial Activities at the same time as the gift to which they relate, to the extent that tax recoverability is certain.

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ANNUAL ACCOUNTS FOR THE PERIOD

(f) Resources expended

Liabilities are recognised as resources are expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable activities

These comprise all the expenditure incurred in meeting the charitable objectives including amounts spent on:

They exclude:

These costs are defined in the Charities Statement of Recommended Practice (FRS 102 SORP) at paragraphs 4.52 to 4.55.

Other

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. Other expenditure is defined in the Charities Statement of Recommended Practice (FRS 102 SORP) at paragraph 4.56.

(g) Depreciation (Tangible fixed assets for use by the charity)

These are only capitalised when they can be used for more than a year and cost more than £250. They are valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation. Depreciation is charged as follows:

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