The trustees present their annual report and unaudited financial statements for the year period ended 31 March 2022 and confirm they comply with the Charities Act 1993, as amended by the Charities Act 2006, the trust deed and the Charities SORP 2005.
## **Reference and Administrative Information**
Charity Name
Lambeth Islamic Academy
Charity Registration Number
1193568
Registered Office
St Martins Community Centre, Abbotts Park, London, SW2 3QB
Corresponding address
299 Leigham Court Road, Streatham, London, SW16 2RZ
## **Chairman**
Nasar Ali
## **Board of Trustees**
Mirza Ghulam Mahmud Kuti Meah Shamsul Haque (Retired) Syed Kobir Ahmed Joynal Ahmad Muslim Ullah (Retired)
## **Independent Examiners**
SNR Chartered Accountants 9 New Road London E1 1HE
## **Bankers**
Barclays
## **Structure, governance and management Governing document**
The Lambeth Islamic Academy is constituted as a CIO- foundation controlled by trustees and registered on 17 February 2021 under charity number 1193568
## **Organisation structure**
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet together as a body quarterly and are responsible for all decisions taken in relation to running the Mosque and the community facilities and the activities provided by the charity.
To assist in the smooth running of the charity, the trustees have a number of different roles in the organisation set up for the finances and for the day-to-day management of the charity.
## **Recruitment and appointment of trustees**
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendations of both elders and community leaders. The trustees believe this approach ensures that new trustees are respected members of the faith and local communities and ensures that good relations are fostered between the Mosque and the people of the local community that we serve.
In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charity’s aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.
## **Induction and training of trustees**
Following appointment, new trustees are introduced to their new role and given copies of the trust deed and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit and on the advancement of religion for the public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are then given the task of leading a particular activity or project, reporting progress at trustees’ meetings.
## **Risk management**
The trustees have assessed the risks the charity faces and have drawn up a risk matrix which identifies the major risks by area of activity. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified.
## **Objectives and activities**
## **Our aims**
The objects of the charity are set out in the charity’s trust deed and are summarised as follows:
The principal aims and objects of the CIO are: to advance the Sunni Islamic Faith in Lambeth for the benefit of the public mainly but not exclusively by the public education of Sunni Islamic teachings and culture through the holding of prayer meetings, lectures, public celebration of Sunni Islamic festivals and producing and distributing literature on Sunni Islam to enlighten others about the Sunni Islamic religion.
## **Our objectives**
Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
Our dual aims remain to provide a facility where Muslims can worship and to provide a community facility for all the inhabitants of the Lambeth Community. Our long-term ambition is to find a permanent place for worship, to facilitate the academy for peaceful community relations.
## **Strategies**
We want to make our Mosque an accessible and welcoming venue where all Muslims, or those who wish to know more about our faith, can gather together to learn about their religion and worship. We are also fortunate to have the Mosque is open for the Friday prayers. We are aiming to find a permanent site, with the long term goal of the opening for all the daily prayers.
## **Use of volunteers**
Volunteers are an important resource in both our faith and community work. Volunteers are involved in most of our faith and community activities. All our trustees also give of their time freely. We encourage all members of our Mosque to be involved in voluntary activities and to share their skills with others.
## **Grant-making policy**
Those attending our Mosque have given generously to help us reach our aim of achieving a permanent site.
## **Activities and achievements**
## **How our activities deliver public benefit**
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below:
_**Prayers:**_ The Mosque is open Friday prayers, with approximately 70 worshippers who regularly attend Friday prayers. In addition, we hold prayers for the Eid festival.
_**Ramadan:**_ The Mosque prepares food during Ramadan for those attending our Mosque who wish to break their fast together.
_**Inter-faith dialogue:**_ In the future, we would like to use this platform to promote inter-faith dialogue and social cohesion.
## **Financial review Reserves policy**
The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet the operating costs of the Mosque. The trustees also generously contribute to this.
## **Principal funding sources**
The charity’s main source of income is through donations from worshippers at Friday prayers. Furthermore, the academy holds frequent fund-raising events throughout the year.
## **Plans for future periods**
The community are seeking a permanent site for the academy to allow it to host the daily prayers as well as being hub for the local community.
We continue to place great importance on sharing a good understanding of Islam with our nonMuslim neighbors whilst gaining an understanding of their culture and traditions.
## **Statement of Trustees’ responsibilities**
The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare
financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the trustees and signed on its
behalf by: Nasar Ali (Chair)
02 July 2022
## **For the period ended 31 March 2022**
|**Income**
Donations
**Expenses**
Cleaning
Computer costs
Direct labour
Insurance
Other professional fees
Refreshment
Rent
Total expenses
**Net surplus/ (deficit)**|**2022**
**£**|
|---|---|
||35,977|
||10
505
6,010
459
518
326
2,744
10,572|
|||
||**25,405**|
## **Registered number: Balance Sheet As at 31 March 2022**
## **1193568**
|**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
**Net assets**
**Charity funds**
Funds
**Total funds**|**2022**
**2022**
**£**
**£**
25,405
25,405
25,405
25,405
25,405
25,405
25,405|**2022**
**2022**
**£**
**£**
25,405
25,405
25,405
25,405
25,405
25,405
25,405|
|---|---|---|
||||
|||25,405|
|||
25,405
25,405|
|||
25,405|
## **Notes to the Accounts For the period ended 31 March 2022**
## **1 Accounting policies**
## _**Basis of preparation**_
The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards.
## _**Fund Accounting**_
Unrestricted funds are receipts generated from donation and events for the objects of the charity without further specified purpose and are available as general funds.
Restricted funds are subject to restrictions on their payments imposed by the funder or through the terms of an appeal.
## _**Receipts**_
All receipts are included in the Receipts and Payments Account which are received during the
## _**Payments**_
All payments are recognised in the period in which they are incurred
**The Lambeth Islamic Academy Report of the Trustees for the year ended 31 March 2022**
Registered number 1193568
The Lambeth Islamic Academy
## Report and Accounts
For the period ended 31 March 2022
## **The Lambeth Islamic Academy Report and accounts Contents**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Profit and loss account|2|
|Balance sheet|3|
|Notes to the accounts|4|
|Independent examiner’s report|5|
## **The Lambeth Islamic Academy Company Information**
## **Principal aims and objectives**
The principal aims and objects of the CIO are: to advance the Sunni Islamic Faith in Lambeth for the benefit of the public mainly but not exclusively by the public education of Sunni islamic teachings and culture through the holding of prayer meetings, lectures, public celebration of Sunni islamic festivals and producing and distributing literature on Sunni islam to enlighten others about the Sunni islamic religion.
## **Status and structure of the organisation**
The organisation is a CIO- Foundation controlled by trustees and registered on 17 February 2021.
## **Registered charity number**
1193568
## **Registered office**
St. Martins Community Centre Abbots Park London SW2 3QB
## **Chairman**
Nasar Ali
## **Trustees**
Mirza Gulam Mahmud Kuti Meah Shamsul Haque Syed Kobir Ahmad Joynal Ahmad Muslim Ullah
## **Independent examiner**
SNR Chartered Accountants 9 New Road London E1 1HE
## **Banker**
Barclays Bank UK PLC
1
## **The Lambeth Islamic Academy Profit and Loss Account For the period ended 31 March 2022**
|**Income**
Donations
**Expenses**
Cleaning
Computer costs
Direct labour
Insurance
Other professional fees
Refreshment
Rent
Total expenses
**Net surplus/ (deficit)**|**2022**
**£**|
|---|---|
||35,977|
||10
505
6,010
459
518
326
2,744|
||10,572|
|||
||**25,405**|
2
**The Lambeth Islamic Academy Registered number: 1193568 Balance Sheet As at 31 March 2022**
|**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
**Net assets**
**Charity funds**
Funds
**Total funds**|**2022**
**2022**
**£**
**£**
25,405
25,405
25,405
25,405
25,405
25,405
25,405|**2022**
**2022**
**£**
**£**
25,405
25,405
25,405
25,405
25,405
25,405
25,405|
|---|---|---|
||25,405||
||||
|||25,405|
|||25,405|
|||25,405|
|||25,405|
The financial statements were approved by the Trustees on 05 July 2022 and signed on their behalf, by
Mirza Gulam Mahmud (Trustee) ….......................................... Kuti Meah (Trustee) …..........................................
3
**The Lambeth Islamic Academy Notes to the Accounts For the period ended 31 March 2022**
## **1 Accounting policies**
## _**Basis of preparation**_
The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards.
## _**Fund Accounting**_
Unrestricted funds are receipts generated from donation and events for the objects of the charity without further specified purpose and are available as general funds.
Restricted funds are subject to restrictions on their payments imposed by the funder or through the terms of an appeal.
## _**Receipts**_
All receipts are included in the Receipts and Payments Account which are received during the
## _**Payments**_
All payments are recognised in the period in which they are incurred.
4
## **The Lambeth Islamic Academy Independent examiners’ report to the trustee**
We report on the attached Financial Statements for the period ended 31 March 2022, which are set on pages 2 to 3 and have been prepared on cash basis.
## **Respective responsibilities of Management Committee and Examiner:**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required (under section 144(2) of the Charities Act and an independent examination is needed.
It is our esponsibility to:
a) examine the accounts under section 145 of the 2011 Act;
b) to follow procedures laid down in the general directions given by the Charity Commissioners
c) to state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners under the 2011 Act. 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 we do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention;
1) which gives us reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with section 130 of the 2011 Act, and b) to prepare accounts with accord with the accounting records and comply with the requirements of the 2011 Act and the Regulations; have not been met or
2) to which, in our my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…..................................................
S N R Chartered Accountants 9 New Road, London, E1 1HE
5
## **The Lambeth Islamic Academy Independent examiners’ report to the trustee**
We report on the attached Financial Statements for the year ended 31 March 2022, which are set on pages 2 to 3 and have been prepared on cash basis.
## **Respective responsibilities of Management Committee and Examiner:**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required (under section 144(2) of the Charities Act and an independent examination is needed.
It is our esponsibility to:
a) examine the accounts under section 145 of the 2011 Act;
b) to follow procedures laid down in the general directions given by the Charity Commissioners
c) to state whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners under the 2011 Act. 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 we do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention;
1) which gives us reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with section 130 of the 2011 Act, and b) to prepare accounts with accord with the accounting records and comply with the requirements of the 2011 Act and the Regulations; have not been met or
2) to which, in our my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…..................................................
S N R Chartered Accountants 9 New Road, London, E1 1HE
1