Charity registration number 1187279 ICIOI
LEWISHAM ISLAMIC CENTRE (LIC)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

LEWISHAM ISLAMIC CENTRE (LIC)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Taofik Akande
Zillur Rahman
Imam Shakeel Begg
Yacine Delilache
Ali Bajwa
Sameel Meer
Aminuddin Meer
Secretary
Zillur Rahman
Charity number
1187279 ICIOI
Audltor
AGP Consulting
Q West
Great Wesl Road
Brenrford
TW8 OGP

LEWISHAM ISLAMIC CENTRE (LIC)
CONTENTS
Page
Trustees, report
Slalement of Truslèas, responsibilities
Independent audilorfs report
Slalement of financial activities
10
Balance sheet
11
Statefnenl of Cash flows
12
Notes lo the financial statements
13-24

LEWISHAM ISLAMIC CENTRE (LIC)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual rèport and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's goveming document. the Charities Act 2011. FRS 102 "The
Financial Reporting Slandafd applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting
and Reporting by Charities.. Statement of Recomm&nded Practice applicable to charities preparing their accounts in
accordance with Ihe Financial Rtrporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021"
Objectives and activities
The charity's Objects are the furtherance of the religion ol Islam and the furtherance of Islamic Educatlon.
The Charity operates a mosque as a plaGe of worship, to provide Islami¢ education to children and adults.
To prov1de spiritual, social, edu¢8tional and moral support for Muslims and people of other faiths, of all ages, race
and gender.
The advancement and a better understanding of the religion of Islam, spe¢ifi¢ally in the London Borough of
Lttwisham, its surrounding areas and nalion811y.
To foster better community relations and work lor the bellermenl ol society as a whole, including the provision of
social welfare where possible
The relief of poverty, and work towards the eradication of all forms of discrimination.
Promote SLJch other charitable purposes as may frorn lime to lime be determined.
In pur5uanoe of these objècts, th8 Charity hosts a range of sètvices and activities for the benefit of the public.
Public Benefit
The Trustees h8ve paid due regard lo guidance issued by the Charity Cornmission in deciding what activities the
Charity should undertake. The Trustèès confirm that they have complied with the duty in Section 4 of the Charities
Act 2006 to have due regard lo the Charity Commission's general guidance on public benefit Charities and Public
Benefit.
We ctsnlinued to offer a wide range of services for Muslims and non-muslims, often in p8rtnership with others. The
Charity places strong emphasis on building relationships Wlth others so we Gan work logeth&r for the Common good.

LEWISHAM ISLAMIC CENTRE (LIC)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievern¢nts and performance
The services and activities of LIC continue lo run under the following departments..
Da'wah1151ami¢ Propagation) Office
This office is overall lead by the Centre Imam, who is supported by two other deputy Imams, who manage spiritual
and moral davelopment ol the community through leading..
Daily Prayers, weekly classes and monthly Lectures. Friday and Eid Sermons, serving normally 5,000
congregants in a week.
Arranging for visitors, organising outreach, holding meetings and weekly Da'wah sessions and annual open
days.
Imam's Surgery, which includes.. counselling, Marriage solernnisation. dispute resolution.
Education & Youth Development
LIC has a number of educational projects serving all sections of the community. Thè projects are run by
professionals with the support ol dedicated volunteers helping meet the needs of the community.
Lewisham Islamic Institute (Lll)
is an evening and weekend supplementary school serving 2pproxim2tely 400
children aged 5- 16 years old providing tuition in Quran and Islamic studies,.
Adult Education & Halao& The Adult education focuses on Arabic classes for in the evenings and weekends
provision In place for approximately 100 students.

LEWISHAM ISLAMIC CENTRE (LIC)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Cornmunity $ngagtrmèrtt
We are working two fronts.. providing events and activities th81 will engage and enthuse our community members
and also working with partner5 and other bodies for the betterment of our centre.
LIC runs a youth club and stjpports a scout's group and seniors football Club for the over 40s.
There is a Mother & Toddler Group session with a weekly contribution of only £1 a week. The group runs every
Thursday from 11am to 1 pm in the community club. Mothers read Quran and stories to Ghildren and spend time
talking and getting to know one another while partaking in activities. An average number of 8 - 10 sisters regularly
attend.
Deen and Dinner is a monthly sisters-only social event lor ladies to have fun and share food with créche facilities for
their children. This event has gained popularity 8nd 8ttracls between 30- 50 every month.
In addition to the above aclivilies. the ￿ntre also runs a free group for eldedy women every Wednesday. and a
winter soup kitchen to provide hol rneals for the horneless within the borough.
All ol these programs h8ve helped lo build and promote strong Cohesion in the community. As an organisalion of
high repute, LIC commands the respect arid admir8lion of other Mosques (local and farther afieldl, faith and civic
groups because of its commitment and dedication lo its community and its social outreach programs, and its use of
Infrastructu￿ and experience to deliver tailored programs that foster unity.
Economic Growih & Development
LIC has provided space for local business lo enable them to provide vital services for the colnmunity. specifically
An - Nur Gym - providing martial arts and self-defence classes for the public benefit (Muslims and non-MLJslims
alikè). the seNices caters for rnale and female as well as holding special sessions for children
WOW bookshop- infomTralion hub and one slop shop for Islamic clothing, books and miscellaneous items.
Estate management
rental income from flats has been a vital source of income, at the same time we provided
crucia5 service to the community by housing local authority refugee families.
The Charity has flats adjacent to the main mosque, these have been acquired lor investment and will ultimately be
part of the mosque's expansion programme. Currently it yields and income of ¢irca £85k12023-£83kl which 9ives
yield of 3°/0 on an investment value of £1.6m. Which is acceptable for the charity.
Financial review
Al the b818n¢e sheet date. the charity had nel assets of £4,059.68912023-£3.856.9791.
The trustees consider th& financial performance of the charity during the year to be satisfactory.
Resefrves Policy
It is the policy of the Charity that unrestricted funds which have not been designated for any specific use should be
m8inlained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the Charity's
current activities while consideration is given to ways in which additional ftjnds may be raised. This level of reserves
has been maintained throughout the year.
R￿Sk5
The Trustees have assessed the major risks lo which the Charity is exposed, and 8re satisfied th81 systems are in
place to miligale expc>sure lo the major risks.

LEWISHAM ISLAMIC CENTRE (LIC)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees acknowledge their responsibility to manage the risks faced by th8 Gharily. Thoy have identified and
given dLJe consideration to the risks lo which the charity may be exposed and are satisfied that systems are in place
lo miligaltr exposure to those risks.
The Charity Identifies and monitors risks In the areas ol compliance. reputation, financial management. governan¢e
and opttralions, and puts in place rneasures to mitigate these risks, especially those deemed as major. These
measures, backed by regular review, ensure strong prole¢tion of the charity.
Amongst the key measures the Charity has in place are..
DBS ¢he¢ks whenever appropriate for staff, volunteers and trLJStees
scrutiny ol policies and procedure5 by the Governance, Compliance and Audit Committee
regular monitoring by Iruslees of the reserves policy and the risk register
all suitable insurance policies
Security is kept continuously under review. The Charity rnaintains close contacts with the local police force and
other agencies, such as the Tension Monitoring Group.
Plans for futurè p8rSods
We aim to consDlidale and improve our @nd user services by utilizing our resources MO￿ efficiently.
The trustees are currently exploring the possibility of building a purpose-buill Centre setvicing all the Muslim
community's needs. Designs for the new building have been prepared for consultation with th& community.
A new purpose built £10 million project was approved by the Trustees 11 th June 2019 which will encompass a multi-
PLJrpose Community and Religious Facility as well as a Residential Complex comprising a number ol apartments.
The project 15 currently progressing through a formal planning proposal with the lo￿1 council planning department
who have expressed their support for the scheme. The design incorporates Islamic Architecture while opting for
more modem building features in place ol overt religious symbols such as domtrs or minarets.
The development seeks lo replace an existing ouldated facility which has served the ¢ommunily since Ihe earty
1980s.
The new centre will include prayer halls. a library, training centre, classr¢)oms, lecture and multifunclion halls, a cafe.
crè¢helnursery, and sports facilities.
An(>ther key part of the development is an apartment block comprising of 1,2 and 3 bed apartments whi¢h will serve
as a key driver lo both fund the project and going forward as source of Income ftsr the LIC.
The developmgnt is now estimated to cost £10.5M and SLJbject to the availability ol fundipg and will take 2-3 years
lo complete.
Structure, goverftancè 4nd management
The Charity was formaly registered as a Charitable Incorporated Organisation I"CIO"l on 9 Janu8ry 2020. The
reporting period Is for 12 months since the Initial nil report. Howèvèr this is the third period of activity of the
Lewisham Islamic Centre Chanty CIO and results presented are from the 1 September 2022 to 31 st August 2023.
The former unincorporatad Charity was formaly closed on the 28th February 2021 and an application to remove
from the registrar of the Chari118s Commission has been made. All assets and liabilities from the Old Charity have
been transferred to the new CIO regislgrfyd Charity.

LEWISHAM ISLAMIC CENTRE (LIC)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees who serv9d during the year and up lo the dale of signature of the financial statements wera..
Taofik Akande
Zillur Rahman
Imam Shakeel Begg
Yacine Oelilache
i Bajwa
Sameel Meer
Aminuddin Meer
The appointment ol Trustees is set out in the constitution of the Charity. Trustees musl be a praclicing Muslims
following the Sunni school of thought, mLJSt be a resident within the London Borough of Lewisharn, or if the charity
trLJslees wish to appoint someone who lives outside this Borough as a charity trustee, then this person must be able
to establish an association with the LIC and musl be unanimously appointed by all of the Charity's trustees.
Trustee's sel policy. processes and make financial decisions. The day-to-day management of th8 charity was
delegated to the Chief Imam, who is also a Trustee, he is assisted in admin duties by an a¢¢oiJnlanl, who is also a
Trustee and admin manager who overseas staff and their duties and other administrative matters.
There is an induction program for new trustees, which includes reviewing key documents that are considered
essential, and expectations for appropriate training are sel out. The Board of Trustees typically meets every month
lo discuss the progress of the Charity and lo consider any changes that maybe necessary, arising out of review of
results and other factors.
The Trustees. report was approved by the Board of Trustees.
Taofik Akande
Trustèe - Chairma
Zillur Rahman
Trustee - Secretary
23 June 2025

LEWISHAM ISLAMIC CENTRE (LIC)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees are responsible for preparing the Trustees, Report and the finanGial slalem8nts in accordance with
applicable law and United Kingdom Accounting Slandarés (United Kingdom Generally Accepted Accounting
Praclicel.
The law applicable lo charities In England and Wales requires the Trustees to prepare financial statements for each
fsnancial year which give a true and lair view ol the stale of affairs of the Charity and of the incoming resources and
application of resources of the Charity for that year.
In preparing these financial statèmènts, the TrLJStees are rèquired to..
select suilable accounlillg polici8s and then apply them consistently.,
observe the methods and principles in the Charities SORP..
make judgements and eslirllales that are reasonable and prudent".
slate whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial ststements, and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient a¢counting records that disclose with reasonable accuracy at
any lime the financial position ol the Charity and enable them to ensure that the Iin8ncial statements comply with
the Charities Act 2011, the Charity IA¢wunts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the Charity 2nd hence for taking reasonable steps lor the
prevention and detection of fr8ud and other irregularities.

LEWISHAM ISLAMIC CENTRE (LIC)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF LEWISHAM ISLAMIC CENTRE (LIC)
Opinion
We have aLJdiled the financial statements of Lewisham Islamic Centr& ILICI Ilhe 'Charily'l for the year ended 31
August 2024 which comprise the statement ol financial activities. thè balance sheèt. the statement ol c85h flows
and notes to the f1nan¢ial statements, including signifi¢anl accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including
Fin8nGial Reporting Standard 102 The Financial R&porting St&ndard applicable the UK and RepubliG of Irel&nd
(United Kingdom Generally A¢¢epled Accounting Praclicel.
In our opinion. the finan¢ial statements..
give a true and fair view of the stale of the ch8rily's affairs as al 31 August 2024 and of its incoming resources
and applic81ion of resources, lor the year Ihttn ended..
have b¢en properly prepared in accordance with United Kingdom Generally A¢¢epled AcGounling Pra¢lice",
and
have been prepared in accordance with the Charities Act 2011.
8asls for oplnlon
We conducted our audil in a¢¢ord2nce with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our ￿SponSibl11t1eS under those standards are further dosGribed in Ihs A¢Jdito)rts r&sponsibilitig5 for the audit of
Ihe linancial statements section of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK, inclLJding the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained Is sufficient and appropriate lo provide a basis lor our opinion.
Conclusion5 relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going ¢on¢em basis of
accounting in the preparation of the financial statements is apprupriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going
concern for a period of at least Nvelve months from when the financial statements are authonsed lor issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the
relevant sections of this report.
Other Infomiatlon
The other information comprises the information included in the annual r$port other than the financial statements
and our audilorfs report Ihereon. The TrLJStees are responsible for the other information contained within the annLJal
report Our opinion on the financial statements does not cover the other infomialion and we do not express any form
of assur8n¢e conclusion Ihereon. Our rèsponsibility is Ic> read thè other information and. in doing so. considèr
wheth8r the other information Is materially inconsisltsnl with the financial stalsmenls or cwr knowledge obtained in
the course of the audit, or otherwise appèars lo be matèrially rnisstaléd 11 wè idèntify such matèrial in¢onsistèn¢iès
or apparent m8terial misslalemenls. we are required lo determine whether this gives rise lo a material misslalement
in the finencial statements themselvès. If, bssed on th& work we hav8 performèd. wé Concludè that thère is 8
material misstalernenl of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nothing to report in rèspect of the following matters in olation to which the Charities (Accounts and
Reports) Regulations 2008 requires LJS to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the Trustees,
report., or
suffi¢ient a¢counting records have not been kept". or
the financial statements are not in agreement with the accounting records.. or
we have not received all thè information and explanations we require for our audit.

LEWISHAM ISLAMIC CENTRE (LIC}
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LEWISHAM ISLAMIC CENTRE {LIC)
Responsibilities of Trustees
As explained more lully in the statement of Trustees, responsibilities, the Tru51ees ale responsible for the
preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such
internal control as the Trustees determine is necessary to enable the preparation ol financial statements that are
free from material misstatement. whether duè to fraLJd or Èrror. In preparing the financial slatemenls, the Trustees
are responsible for assessing the Charity's ability to continije as a going concern, disclosing, as applicable. matters
related to going concern and using Ihe going concern basis of accounting unless the Trustees either intend to cease
operations, or have no realistic allernalive bul to do so.
Auditor's responsibilitie$ for the audit of the financial statements
We have beèn appointed as auditor under section 144 of the Chanlies Act 2011 and report in a¢¢ordan¢e with the
AGI and relevant regulations made 01 having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial slalemenls 85 a whole 8re free from
rnaterial misslalement, whether dLJe to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always delecl a material misstatement when it exists. Misslatemenls can arise from fraud or
error and are considered material if. individually or in the aggregate. they Gould reasonably be expected lo Influence
the economic decisions of users taken on the basis of these financ181 stslements.
The extent to which our procedures are capable of detecting irr&gularitiÈs, including fraLJd, is detailed below.
We gained an understanding of the legal 2nd regulatory framework applicable lo the Charity and the industry in
which il operates. drawin¥ on our sector experience and considered the risk of acts by the Charity that could be
contrary lo these laws and regulations, including fraud. We focused on laws and regulations that could give rise lo a
material misslalement in the financial statements, including but not limited to, Ihtt Charity Commissic>n, and other
relevant laws and r&gulations.
We made &nquiries of trustees, with regards to compliance with the above law5 and regulations and wrroborated
any necessary eviden¢e to relevant information, for example, minutes of the trustee meetings. legal reports
provided to the Charity and correspondence between the Charity and its solicitors. Audit procedure performed by
the engagement tearn included..
Discussion with management, including consideration of known or suspected instances of noncompliance
with laws and regulations and fraud,
Review ol financial statement disclosures to underlying supporting docum8ntation',
Challenging assumptions and judgements made by Iruslees in their Significant 3CCOLJnting estimates..
Our audit procedures were designed to respond to risks of material misStal8menl in the financial statements,
recognising that the risk of not detecting a material misstalemenl due to fraud is highfyr than the risk of not detecting
one resulting from ttrror. as fraud may involve deliberate Concealment by. for example. forgery, misrepresentations
or through collusion. There are inherent limitations in the audit procedures perforrned and the further removed non-
compliance with laws and regulations is from the events and transactions reflected in the financial slalements, the
less likely we are lo become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council's website al.. https".11
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.

LEWISHAM ISLAMIC CENTRE (LIC)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LEWISHAM ISLAMIC CENTRE (LIC)
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting
and Reporting by Charities, Statement of Rècommended Practi¢e applicable to charities preparing their accounts In
accordance with the Finan¢ial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. las
amended) in preferen¢e to the Accounting and Reporting by Charities.. Statement of ReCom￿ended Practice issued
on 1 April 2005 which is referred to in the exlanl regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a tnje and fair view in accordance with current
Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees
those matters we are required lo state lo them In an 8uditor's report and for no other purpose. To the fullest exlenl
permitted by law. we do not accept or 8ssurne responsibility to anyone other Ih8n the charity and the charity s
trustees as a body, lor our audit work. for this report. or for the opinions we hav8 formed.
(Senior Statutory Auditor
For and on behalf ol AGP Consulting, Statutory Auditor
Chartered Accounlanls
Q Wèst
Great Wesl Road
Brentford
TW8 OGP
23 June 2025
AGP Consulting is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as
auditor ol a Company under se¢lion 1212 of the Companies Act 2006.

LEWISHAM ISLAMIC CENTRE (LIC)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted Restri¢t&d
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Other trading activities
309,207
86,111
38,935
248,694
210,298
557,901
296,409
38,935
439,603
269,803
45,655
Total income
434,253
458,992
893,245
755,061
Ex
&nditure on..
Raising funds
30,953
30,953
25,433
Charitable activities
494,487
165,096
659,583
559,626
Total expenditure
494,487
198,049
690,536
585,059
Net lexpenditurèllincoma for thè yearl
Net movement in funds
160.2341
262,943
202,709
170,002
Funlts transferred in from previous year
3,133.833
723.146 3,856,979 3,686,977
Fund balances at 31 August 2024
3.073,599
986,089
4,059,688
3,856,979
The statement of financial activities includes all gains and losses recognised in th8 year.
The slalemenl of financial activities includes all gains and losses recognised in the yeer. All Income and expenditure
derive from continuing activities.

LEWISHAM ISLAMIC CENTRE {LIC)
BALANCE SHEET
ASAf31AUGUST2024
2024
2023
Notes
Fixed assets
Tangible assets
Investment propety
14
1,192.229
1,615,000
1,192,413
1.61 S,000
2.807.229
2,807,413
Current assets
Debtors
Cash at bank and in hand
16
30.072
1.248,200
36.805
1,048.955
1,278,272
1,085,760
Creditors.. amounts falling due withln
one year
17
125,8131
136,1941
Ng1 Current assets
1.252,459
1,049.566
Total assets less current liabilities
4.059.688
3,856.979
Income funds
Restricted funds
Unrestricted funds
19
986,089
3,073,599
723,146
3.133.833
4,059,688
3,856,979
The financial statements were approved by the Trustees on 23 June 2025
Taofik Ak8nde
Tr
ee - Chairman
Zillur Rahman
Trustee - Secretary

LEWISHAM ISLAMIC CENTRE (LIC)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
25
196,931
150,460
Investing aetivlties
Purchase of tangible fixed assets
Payment for investment loans and
receivables
12,6861
19841
5.000
16,0001
Net ¢ash genèraled fromllused inl
investlng actlvities
2,314
16,9841
Nat cash used in financing activities
Net increase in cash and ¢ash equivalents
199,245
143,475
Opening Cashlcash transferred in
1.048,955
905,479
Cash and cash equivalents at end of yèar
1.248,200
1,048.955.
The notes on pages 13 to 24 form part of these financial ststements.

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
Charity inforrnation
Lewisham Islamic Centre ILICI is a registered as as Chariiable Incorporated Organisalion I'CIO'I Foundation
on the 9 January 2020 under registration number CE020242 and is registered with the Charities Commission
under registration number 112729. It's registered address is 363-365 Lewisham High Streel. London. SE13
6NZ.
1.1 Accounting ¢onvèntion
The financial statements have been prepared sn 8ccordance wilh the Charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Pr8Ctice
applicable to charities prepering Iheir accounts in acGordance with the Financial Reporting Standard
app15cable in the UK and Republic of Ireland IFRS 1021" The Charity IS 8 Public Benefil Entity es defined by
FRS 102.
The financial staternenls have departed from the Charities IAccounls and Reports) Regulations 2008 only to
the extènt required lo provide a true and fair view. This departure has involved following the Slalement of
Recommended Pr8¢tice for charities applying FRS 102 rather than the version of the Statement of
Recommended Pr8Ctice which is referred to in the Regulations but which has since been withdrawn.
The fin8nci81 statements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical Cost convention. Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments al fair
valuel. The principal accounting poli¢ies adopted are sel out below.
1.2 Going concern
At the time ol approving the financial 51alemenls, the Trustees have a reasonable expectation Ihat the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of a¢counting in preparing the financial slalements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
PLJrposes and uses of Ihe reslricled funds are set out in the notes to the financial slat*ments.
Endowment funds are subject lo specifi¢ conclitions by donors that the capi181 must be maintained by Ihe
Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been
met, the amounts can be mèasLJred reliably, and il is probable that income will be received.
Cash donations are recognised on receipt. Oiher donations are recognised once the Charity has been notified
of the donation, unless performance conditions require dttlerral of the amount Income tax recoverable in
relation lo donations received under Gift Aid or deed5 of covenant is recognised at the lime of the donation.
Legacies are recognised on rèceipt or otherwise Il the Charity has been notified of an impttnding distribution.
the amount is known, and receipt is exp$cted. If the amount is not known. the lega¢y is treated as a
contingent asset.

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting polieie$
(Continued)
1.5 Expendilura
Expendilure is recognised once there is a legal or constructive obligation ID transfer economic benefit to a
third paty, it is probable that a Iransler of e¢onomi¢ benefits will be rèquired in settlement, and the amount of
the obligation can be measured reliably.
Expendilure is classified by aclivily. The costs of èach activity are made LJP c>1 the total of dirècl costs and
shared costs, including support costs involved In undertaking èach a¢livity. Direct costs attribLJtable to a single
ac11Vlty are allocated directly to that activity. Shared costs which contribute lo more than one a¢livily and
support costs which are not attributable to a single activity are apportioned between those aGtivilie5 on a basis
consistent with the use of resources. Central staff costs ale allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the 8SSèt's usè.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valualion, net of
deprecialion and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases".
Freehold land and buildings
Plant ancl eouiprnenl
Fixtures and fittings
25-33 /0 on a reducing balance basis
25 10 on a reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the ¢arying value ol the asset, and Is recognised in the slalement ol financial aclivilies.
1.7 Investmènt property
Investment property, which is property held lo eatn rentsls andlor lor capital appreciation, is initially
re¢ognised at cost, which includes the purchase cost and 8ny dirèctly 8ttribulable expenditure. SubseoLJently
it is measLJred at fair value at the reporting end dale. The surplus or deficit on rèvaluation is recognised in
profit or loss.
No depreciation is provided on the charity's freehold properties since in the
opinion of the Iruslees the
expected useful lives are suffi¢iently long and the estimated residual value values are sufficiently high that any
such depreciation would be immaterial. The Iruslees
undertake an annual Impairment review ol these
properties.
1.8 Impalrment of flxed assets
Al each ￿pOrting end date. the Charity reviews the carrying amounts ol its tsngiblè assets to dètermine
whether ther& is any indication that those assets have suffered an impairment loss. If any such indication
exists. thè r8coverable amount of the asset is estimated in order to determine the exlenl of the impairment
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks: other short-term liquid
investments with origin21 malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
14

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Aeeounting polieiès
(Continuedl
1.10 Financial instruments
The Charity hss elected 10 apply the provisions of Section 11 'Basic Financial Instruments, and Se¢lion 12
'Other Financial Instruménts Issues, of FRS 102 to all of its financial instrurnents.
Financial instruments are recognised in the Charity's balance sheet when the Charity beGomes paty lo the
contractual provisions of the instrLJment.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amoLJnts and there is an intention to settle on 8 net
basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitLJtes a financing transaction, where thè Iransaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslitules a financing Irans8¢1ion. where the debt instrument Is measured at the present
value of the future payrnenls discounted al a market rate of interest. Financial liabilities classified a5 payable
within one year are not amortised.
Debt Instruments are subsequently carried 81 amortised eosl, using the effective interest rale method.
Trade ¢reditors are obligations to pay for goods or services th8t have been a¢quired in the ordinary wurse of
operations from SLJppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade Creditors are re￿gnIsed initially al
transaction price and subsequently measured at amortised cost using the effective interest method.
Dere¢ognl¢lon of flnan¢lal Ilabllltl8S
Financial liabilit188 ar8 derecognised when the Charity's conlractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enlillement is r8¢oonised in the year in which the employee's services are
received.
Termination benefits are recognis&d Immediately as an expense when the Charity is d8monslrably cornmitted
to terrninate the employment of an employee or lo provide termination benefits.
1.12 Rètlrèmènt b•nèflts
Payments lo defined contribution retirement benefit schemes are charged as an expense as Ihey fall due.

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Critical a¢¢ountlng g$timate$ and judgomonts
In the application of the Chanty's accounting policies, the Trustees are required lo make judgements.
estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estirnates are recognised In the year in which the estimate is revised where the revision affects only that year,
or in the year of the revision and future periods where the revision affects both cutrenl and future periods.
In¢ome from donalSon$ and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
309,207
248,694
557.901
295.777
143.826
439.603
Donations and gifts
General donations
Mosque development
fund
Funeral fund
Other
309,207
309,207
295,457
295,457
245,198
3,496
245.198
3,496
136,536
7,290
136.536
7.290
320
320
309,207
248,694
557,901
295,777
143.826
439.603
Income from charitablè activities
Unrestri¢led R$stri¢ted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Worshlp
Service fees
Charitable rentsl income
1.049
85,062
1.049
85,062
1,725
83,124
1,725
83,124
Educational
Service fees
210,298
210,298
184,954
184,954
86,111
210,298
296,409
84.849
184.954
269,803
16-

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Income from oth•r tradlng activities
Unrestri¢tod Unr8$trlcled
funds
funds
2024
2023
Fundraising events
38.935
45.655
Raising funds
Rèstricted
funds
Restricted
funds
2024
2023
Fundraisin
and ublici
Staging fundraising events
30,953
25,433
30,953
25,433

a)o)rtmrno(oNo
<ry (
(o ¢0 oj o (o
- o)
¢X r v O) UJ (Ct
<￿ IN
(ll ¢0
OVN(N
CQ r 0>
£ Iv
ci (n ci w_ Q LU cn ￿-
(n (n
<Jc

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2024
Description of charitabl• activitiès
EduGation81
LIC has a number of edu¢ational projec15 serving all sections of the community. The projects are run by
professionals with the support ol dedicated volunteers helping meet the needs of the community
Wor
This is lead by the Centre Imam, who is supported by two other deputy Imams, who manage spiritual and
moral development of the commLJnily through leading daily prayers, weekly classes sermons, seNing normally
5,000 congregants in a week and running an Imam's Surgery, which includes.. counselling, Marriage
solemnisation. disputè resolution
Events and outrea¢h
Working on two fronts., providing evènts and 8clivilies that will engage and enthuse our community members
and also working with partners and other bodie5 for Ihe betterment of our centre.
Support costs
Support Governance
costs
costs
2024Support costs Govèrn8n¢e
costs
2023
Staff etssls
Depreciation
Ratés. light and heat
Premises ￿paIrS and
maintenance
Telephone and inlernel
Insurance
Professional fees and
subscriptions
Slalionery and
miscellan8OUS
Equipment hire
Bank charges
278,085
2,870
39,719
278,085
2,870
39,719
240,661
2,870
23,833
240,681
2,870
23.833
75,643
9,278
3,072
75,643
9,278
3,072
27.395
10.802
2.762
27,395
10.802
2,762
32,999
32.999
53.291
53,291
5,416
1,162
5,616
5,416
1,162
5.618
9,945
1,510
6,220
9,945
1,510
6,220
Audit fees
4,000
4.000
4,000
4.000
453.860
4.000
457,860
379.289
4,000
383,289
Analysed between
Charitable activities.
453,860
4,000
457,860
379,289
4.000
383,289
Governance costs includes payments to the aLJditors of £4,00012023- £4,000) for audit fees.
10 Net mov¢m*nt in funds
2024
2023
The net movement in funds 1s'6tated after ch8rgingllcreditingl..
Fees pay2ble for the audit of the charity's financial slalernenls
Depreciation of owned tangible fixed assets
4,000
2.870
4,000
2,870
19

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
11 Trustees
No remuneration or expenses were paid to any Iruslees for their sep4i¢es as trustèès. Thè following trustees
were employed by thè charity and were remunerated for seNice5 provided
Pension
Contributions
Remuneration
Mr S Begg
Ilmaml
£36,000
Mr Y Dèlilache (Bookkeeperl £ 9,022
12 Employees
The averagè monthly numbar of 8mployees during th8 year was..
2024
Numbèr
2023
Number
Education
Worship
Administrative
30
31
Total
41
33
Employment costs
2024
2023
Wages and salari8S
Social security costs
Other pension costs
410,848
23,885
3.244
356,377
21,541
2.842
437,977
380,760
Ther8 Ware no employees whose annual remunèration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows".
13 Taxation
The charity is @xempt from taxation on ils activities because all Ils in¢orne is applied for charitable purposes.
-20-

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14 Tangible fixed assèts
Froahold land
and bulldlngs
Planl and Fixtures and
equlpm?nt
ffttlngs
Total
Cost
Al 1 September 2023
Additions
1,187,282
63,187
62,413 1.312,882
2,686
2.686
At 31 ALJgusl 2024
1,187,282
63,187
65,099 1,315,568
Depreciation and impairment
Al 1 September 2023
Depreciation charged in the year
62,045
1.142
58,424
1.728
120,469
2,870
At 31 August 2024
63,187
60.152
123,339
Carrylng amount
At 31 August 2024
1,187,282
4,947 1,192,229
Al 31 August 2023
1.187.282
1,142
3,989 1,192,413
15 Investment property
2024
Fair value
At 1 September 2023 and 31 August 2024
1.615,000
Investment propety cotTrprises freehold property split into 5 flats. which are adjacent lo the masjid, these are
rented Dut.. The lair value ol the investment property has been arrived at on the basis of a valuab.on carried
out at in Jun 2021 by the letting department of a local estate agents and valuers, who are not connected with
the Charity. The valuation was made on an open market value basi5 by reference lo market evidence of
transaction prices for similar properties.
2024
2023
Freehold
1,615,000
1,615,000
16 Debtors
2024
2023
Amounts falling du¢ within one year..
Trade debtors
Other debtors
Prepaymen15 and accrued income
4,982
23,463
1,627
8,Q59
27,301
1,445
30,072
36,805
21

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
17 Creditors- amounts falling due within one year
2024
2023
Trade Creditors
Other creditors
Accru31s and deferred Income
1,846
980
628
34,586
23,967
25,813
38,194
18 R•tirem8nt ￿nefIt schemes
2024
2023
Defined contribution schemes
Charge lo profil or loss in resp8Ct of dèfined CDntribution schemes
3.244
2,842
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity In an independently administered fund.
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances ol donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At1
September
2023
Incoming
resources
Resources At 31 August
expended
2024
723,146
458,992
1196,0491
986.089
Previous year-
At1
September
2022
Incoming
resources
Resourc&s At 31 August
¢xp¢nd&d
2023
567,464
328,780
1173,0981
723.146
22-

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
20 Unrastricted funds
The unreslricled funds ol the charity comprise the Ljnexpended balances ol donab'ons and grants whi¢h are
not subject to speGifiG conditions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unreslncled funds by thg Irustges for specific purposes.
Al1
September
2023
Incoming
resources
Resources At 31 August
expended
2024
General funds
3,133,833
434,253
1494,4871
3,073,599
Previous year:
At1
September
2022
Incoming
resources
Resources At 31 August
expended
2023
General funds
3,119,513
428.281
1411,9611
3.133,833
21 Analysis of net a55ets between fvnds
Unr•strlct8d R•strlct•d
funds
fund$
2024
2024
Total
2024
Fund balances at 31 August 2024 a￿ ￿presented by".
Tangible asse
Investment properties
Current assetsllliabililies)
1,192,229
1,615,000
266.370
1,192.229
1,615.000
986,089 1.252,459
3,073,599
986,089
4,059.688
22 Capital ¢ommltm•nts
2024
2023
Amounts contracted for bul not provided in the financial slalements..
2024
2023
Acquisition of property, plant and equipment
10,500,000
10,500.000
At Ihe balance sheet dale the above projected capital commitments were approved by the Iruslees in relation
to the development of a new building at the current site of the mosque and funds are being raised lor this
purpose. However at the year end planning permission had not yel been obtained nor had any contract been
entered with any developer.Tthe amount is considered to be for future planning and is disclosed for this
purpose.
-23-

LEWISHAM ISLAMIC CENTRE (LIC)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
23 R•latod party transactions
There was one Iruslee who has children who attend the school operated by the Charity, the fees paid are the
normal rale charged by the school.
24 Analysis of change5 in net fund$
The Charity had no material debt during the year.
25 Ca$h gen¢raled from opèrations
2024
2023
sU￿lUs for the year
202.709
170,002
Adjustments for..
Depreciation and impairment of tangible fixed assets
2,870
2,870
Movements in working capital..
Decreasellincreasel in debtors
IDecTeasel in Greditors
1.733
110,3811
15,7171
116,6951
Cash generated from opfyrations
196.931
150.460
-24-