# **COMPANY NUMBER 14434010 CHARITY REGISTRATION NUMBER 1201353 SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

# **FINANCIAL STATEMENTS 31 OCTOBER 2024** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

## **FINANCIAL STATEMENTS PERIOD TO 31 OCTOBER 2024 CONTENTS PAGE** 

Trustees Annual Report 1-3 Independent Examiners Report 4 Statement of Financial Activities 5 Balance Sheet 6-7 Notes 8-10 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

## **TRUSTEES ANNUAL REPORT PERIOD TO 31 OCTOBER 2024** 

The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 OCTOBER 2024. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Registered charity name** SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY 

## **CHARITY REGISTRATION number 1201353 COMPANY REGISTRATION number 14434010** 

**Registered office:** 61 Rosemead Drive, Oadby, Leicester, England, LE2 5SD 

## **THE Trustees** 

The Trustees who served the charity during the period were as follows: Amanul Haq Muhammad Hafeez Katib (served until 06/06/2024 and re-appointed on 22/08/2024) Parvez Hussein Bhatty  (served from 09/11/2024 until 02/11/2024) Shabir Abdulla Sidiq (served from 25/07/2024 until 22/08/2024) Mohammud Shaad Auhammud (served from 25/07/2024) 

## **Independent Examiners** 

Fusion Accounting Ltd 398A East Park Road, Leicester, LE5 5HH 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY is a charitable company governed by its Articles of association adopted on the 21/10/2023 as amended on 14/12/2023 and registered as a company on 21/10/2023 and registered with the Charity Commission on 15/12/2023. 

## **OBJECTIVES AND ACTIVITIES** 

The objectives of the organisation, as set out in its governing document are: 

(1) to advance the religion of Islam by means of, but not exclusively, provision or assistance in the provision of facilities for Islamic education and worship, in accordance with the doctrine hereinabove stated; 

(2) to relieve financial hardship among poor people and those in financial hardship by means of, but not exclusively, making grants for providing or paying for items, equipment, services and facilities, including the provision of food, clean water, and other necessities for the benefit of the said persons; 

(3) to advance education for the benefit of the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as a supplementary school; 

(4) to further or benefit the residents of south Leicestershire and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. 

**- 1 –** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 OCTOBER 2024** 

In furtherance of these objects but not otherwise, the trustees shall have power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. 

## **ACHIEVEMENTS AND PERFORMANCE** 

During the year, the Charity has successfully delivered a programme of activities to support the local people of South Leicestershire using temporary premises. The charity is searching for similar premises whilst temporary premises are used to provide the services benefitting local people. 

## **PUBLIC BENEFIT STATEMENT** 

The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is meeting an identifiable need among local people. 

## **GRANT MAKING POLICY** 

The charity does not give grants as part of its delivery of activities. 

## **FINANCIAL REVIEW** 

SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY had secured donations from public donors totalling £59,684 during the year. During the year, the charity had direct project expenditure of £35,446 which were mainly costs related to the delivery of Islamic activities. This generated a surplus of £24,238 which will be added to the reserves totalling £247,125 which will be kept for the purchase of a permanent premises for the activities of the charity. The charity has a reserves policy to retain £5,000 for administration costs in furtherance of the objects of the charity. 

## **PLANS FOR FUTURE PERIODS** 

Future plans are to continue providing the Islamic activities and to secure a permanent place for all activities of the charity which benefit all sections of society. 

## **RESPONSIBILITIES OF THE TRUSTEES** 

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

**- 2 –** 



SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY
TRUSTEES ANNUAL REPORT leoAtir#
PERIOD TO 31 OCTOBER 2024
The appkcable to thori￿5 in Engla￿1 and Wales requKes the trustees to prepare financial
statements for exh fi￿(la1 year give a 1rue fair View of the state of *irs of the charity
of the incomirvJ resources ar¥J apF4iCatI￿ of res￿re@S of the for that [￿￿d. In preparfng
these finarKial slaten*, the trustees are required to:
select suitable &countiig aprtrf thern consistenty:
obserwe Ihe methods and prinoples in the Ch￿leS SORP:
make judgements estirr*s that are teasonabl8 and mident:
sL2te whether applcable accThJntirYJ starwjards harfe been folbyA¢d. suiy'ect to ￿Y Tnaterial
departures disch)sed and explained in tIE ffinancial slalemerrts:
prepare the financial *ateThents on the going concern basis ￿lesS it is inappropr*e to
presume that the chwity will conknue in o￿k)n.
The tn￿teeS are reS￿nSible for kerfmry woper ar%￿nI]ng records that disch)se with reasonable
accuracy at any time the financial position of th8 dwiity and enable them to ensure thai the financial
statements comply wilh the Chwitts Act 1993 arNI the Charity {Accounts and Reports) Regulations
2008. The trustees are also resp)nsible for s*guwding the assets of the charity and hence ts laking
reasonable steps for the prevention and dete(knn crf fraud and other irregularities.
APPROVAL
The reFK¥t vras approved by the Trustees 3110712025
And on Iheir
Signalure
L(4TIA Director

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31[st] OCTOBER 2024. 

## **Responsibilities and basis of report** 

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 sufficient for external scrutiny. 

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 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. 

## **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 Charities 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 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. 


M Suleman 31/07/2025 Principal Accountant Fusion Accounting Ltd, 398A east Park Road Leicester LE5 5HH 

**-4-** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

## **STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 OCTOBER 2024** 

|||||**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Period to**|**Period to**|
|||**Funds**<br>|**Funds**|**31 Oct 24**|**31 Oct 23**|
||**Note**|**£**|**£**|**£**||
|**INCOME from**||||||
|donations and legacies|<br>**2**|**59,684**|**-**|**59,684**|**236,645**|
|charitable activities||||||
|other trading activity||||||
|Investment income||||||
|Other income||||||
|**Total**||**59,684**|**-**|**59,684**|**236,645**|
|**EXPENDITURE**||||||
|on raising funds||**18,129**|**-**|**18,129**|**4,062**|
|charitable activities|**3**|**17,317**|**-**|**17,317**|**9,695**|
|other expenditure||**-**|**-**|**-**|**-**|
|**Total**||**35,446**|**-**|**35,446**|**13,757**|
|Net Income before Tax||**24,238**|**-**|**24,238**|**222,888**|
|Tax payable||**-**|**-**|**-**||
|Net income after Tax||**24,238**|**-**|**24,238**|**222,888**|
|Net gains/losses on assets||||||
|<br>**NET INCOME**||**24,238**|**-**|**24,238**|**222,888**|
|Transfers between funds||||||
|||**-**|**-**|**-**|**-**|
|Net movement in funds||||||
|||**-**|**-**|**-**|**-**|
|**Reconciliation of funds**||||||
|Total funds brought forward||**24,643**|**198,245**|**222,888**|**-**|
|**Total funds carried**||**48,881**|**198,245**|**247,126**|**222,888**|
|**forward**||||||



**-5-** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

## **BALANCE SHEET PERIOD TO 31 OCTOBER 2024** 

||||||**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|
||||**Unrestricted**|**Restricted**|**Period to**|**Period to**|
||||**Funds**<br>|**Funds**|**31 Oct 24**|**31 Oct 23**|
|||**Note**|**£**<br>|**£**|**£**||
|**FIXED ASSETS**|||||||
||||**-**|**-**|**-**||
|**CURRENT ASSETS**|||||||
||<br>Debtors|<br> <br>**5**|**-**|**145,000**|**145,000**|**25,000**|
|Cash in hand|and bank||**48,881**|**112,470**|**161,351**|**353,238**|
||**Total**||**48,881**|**257,470**|**306,351**|**378,238**|
|**LIABILITIES**|||||||
|Creditors falling due within||<br>**6**|**1,530**|**-**|||
||one year||||||
|<br>Net current assets||<br>|||**304,821**|**377,488**|
|<br>Total assets less current||<br>|||**304,821**|**377,488**|
||liabilities||||||
|Creditors falling due after||<br>**7**|**-**|**57,695**|||
||one year||||||
||||||**247,126**|**222,888**|
|**Total Net Assets**|||||||
|**The funds of the**|**charity**||||||
|Unrestricted funds|||||**48,881**|**24,643**|
|Restricted funds|||||**198,245**|**198,245**|
||<br>**Total**|<br>|||**247,126**|**222,888**|



## **Balance Sheet continued on next page..** 

**- 6-** 



soirrH LEICESTERSHIRE ISLAMIC COMMUNITY
BALANCE SHEEf {contlnued)
PERIOD TO 31 OCTOBER 2024
For the financial year in q￿tk)n the crKnpany was entitled to exempth)n from audit uTh*r section
477 of the CompanEs Acl 20CO rektiNJ to small cc¥y¥)ar￿s.
No members have not r4uffed Ihe ccryany to d)tain ￿ aKlil of its acc¥)unts for the year in
queslion in accordan￿ wilh section 476 of the CompanEs Acl 2006
The directors ackry)wledge their reS[K￿￿1b11rt￿s for CA)mptying wilh the reqUlrerr￿ts of the Act y￿th
respect to ￿)Unti￿ reLords and the weparation of xcounts
These accounts have been prepared in ac￿da￿e *ith the provisions 4)plicable to companies
subject to the small companies. regwn8.
TPEse acLx)unts V￿re awov&J ty the Trustees 31107r2025
and are s*JneJJ C￿ their behaff by:
S￿nat￿e
COIAPANY REGISTrATION nUM￿r 14434010

## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 OCTOBER 2024** 

## **1. ACCOUNTING POLICIES** 

## **a) Basis of accounting** 

The accounts 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) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. 

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

## **b) Fund accounting** 

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity. 

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities. 

## **c) Incoming resources** 

Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 

## **d) Resources expended** 

Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment. 

Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. 

**-8-** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 OCTOBER 2024** 

## **2. DONATION & LEGACIES – BY FUND TYPE** 

||**Unrestricted**|**Restricted**|**Total Funds**|
|---|---|---|---|
||**Funds**|**Funds**|**2024**|
||**£**|**£**|**£**|
|**Donations**||||
|Donations|59,684|-<br>|59,684|
|**Total**|**59,684**|**-**<br>|**59,684**|



## **3. EXPENDITURE – Charitable Activities** 

||**Unrestricted**|**Restricted**|**Total Funds**|
|---|---|---|---|
||**Funds**|**Funds**|**2024**|
||**£**|**£**|**£**|
|Legal & Professional Costs|780|-|780|
|Staff Costs|4,550|-|4,550|
|Premises Costs|5,979|-|5,979|
|Grants|4,274|-|4,274|
|Office Equipment|1,098|-|1,098|
|Bank Charges|541|-|541|
|Sundry Costs|95|-|95|
|**Subtotal**|**17,317**|**-**|**17,317**|
|**TOTAL**|**17,317**|<br>**-**|**17,317**|



## **4. Staff Disclosures** 

Total number of staff employed during the period is 0. 

## **5. Debtors** 

**£ Trade debtors** Deposit for property held by agent 145,000 ====== **TOTAL 145,000** 

## **6. LIABILITIES: Amounts falling due within one year** 

**£ Trade creditors** Accountancy & Examination Fees for 2023 & 2024   1,580 ===== **TOTAL 1,580** 

**-9-** 



## **SOUTH LEICESTERSHIRE ISLAMIC COMMUNITY** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 OCTOBER 20248.** 

## **7. LIABILITIES: Amounts falling after one year** 

||**£**|
|---|---|
|**Total Interest-free Loans as at 01/11/2023**|**154,600**|
|Interest-free Loans taken|95|
|Loans repaid during period|(97,000)|
||=======|
|**TOTAL as of 31/10/2024**|**57,695**|



## **8. CONNECTED PARTY TRANSACTIONS** 

None of the directors or connected parties received any remuneration from the charity during the period. 

**- 10 -**