**CHARITY REGISTRATION NUMBER: 1203313** ## **FAITH SPACE LONDON** TRUSTEE’S ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **FAITH SPACE LONDON** ## **Accounts** ## **Year ended 31 DECEMBER 2024** ||**Page**| |---|---| |Trustees' annual report|**1**| |Statement of financial activities|**5**| |Statement of financial position|**6**| |Notes to the accounts|**7**| ## **FAITH SPACE LONDON** ## **Trustees' Annual Report** ## **Year ended 31 DECEMBER 2024** The trustees present their report and the unaudited accounts of the charity for the year ended 31 December 2024. ## **Reference and administrative details** **Registered charity name** FAITH SPACE LONDON **Charity registration number** 1203313 **Principal office** MULTI FAITH PRAYER ROOM WESTFIELD STRATFORD PLACE WESTFIELD STRATFORD CITY MONTFICHET ROAD LONDON E20 1EJ **The trustees** Muhammad Uddin (Chairman), Mohammed Wajid Siddiqui, Ali Nur Khan ## **Independent Examiner** Rehana Akhter AFA MIPA 23 Bulrush Terrace London, UK IG11 0NT - 1 - ## **FAITH SPACE LONDON** ## **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 DECEMBER 2024** ## **Structure, Governance and Management** Faith Space London is constituted as a charitable trust registered with the Charity Commission for England and Wales under charity number 1203313. It is governed by a Deed of Trust and chaired by Mr. Muhammad Uddin. ## **Organisational Structure** The charity’s trustees are responsible for the general control and management of the organisation. They give their time freely and receive no remuneration or other financial benefits. The trustees meet on a quarterly basis to review the overall direction of the charity, including oversight of its charitable activities, facilities, and financial management. ## **Recruitment and Appointment of Trustees** The existing trustees are responsible for the recruitment of new trustees. New members are appointed based on their commitment to the charity’s values and their ability to contribute relevant skills and experience to support the promotion of interfaith understanding and community engagement. ## **Induction and Training of Trustees** Upon appointment, new trustees are provided with a copy of the Deed of Trust and are introduced to their duties and responsibilities under charity law. They are directed to the Charity Commission’s guidance, including The Essential Trustee (CC3), and encouraged to familiarise themselves with best practice governance, as well as the relevant requirements of the Charities Act 2011. ## **Objectives and Activities** ## **Our Aims** The objects of Faith Space London, as set out in its Deed of Trust, are summarised below: a) To promote religious harmony for the benefit of the public by educating people about different religious beliefs — including their distinctive features and shared values — in order to promote good relations between persons of different faiths. b) To promote knowledge, mutual understanding, and respect of the beliefs and practices of different religious faiths through dialogue, community engagement, and education. c) To support interfaith collaboration and community cohesion by providing inclusive spaces for prayer, reflection, and learning. d) To encourage moral, spiritual, and social development across all sections of the community through outreach, workshops, and awareness programmes. e) To further such charitable purposes (charitable under the law of England and Wales) as the trustees see fit from time to time. ## **Our Charitable Purpose** Faith Space London exists to advance understanding and respect among people of different faiths and beliefs. Through interfaith education, shared community events, and dialogue initiatives, the charity helps reduce prejudice, build mutual respect, and strengthen community harmony in Newham and surrounding areas. ## **Activities Undertaken** The charity’s activities in 2024 were directed towards its interfaith and community engagement aims and included the following: - Managing the Multi-Faith Prayer and Reflection Space at Westfield Stratford City. 3 - Delivering faith and community-based projects funded by the Newham Muslim Forum, including: Newham Safer Neighbourhood, Perinatal Project Grant, Near Neighbours, Women’s Project, and Westfield Programme. - Hosting interfaith discussions, awareness workshops, and women’s wellbeing initiatives. - Collaborating with local partners, faith leaders, and community groups to promote unity and public benefit. Faith Space London acted as the delivery partner for Newham Muslim Forum, completing outstanding grant-funded programmes and ensuring full accountability and impact reporting. ## **Achievements and Performance** During the year, Faith Space London successfully completed all transferred projects and achieved measurable outcomes in: - Strengthening interfaith dialogue and understanding across the local community. - Providing accessible and inclusive spaces for prayer and cultural exchange. - Empowering women and families through wellbeing and education activities. - Supporting local partnerships that enhance neighbourhood cohesion and safety. ## **Financial Review** For the year ended 31 December 2024, Faith Space London reported: - Total income: £19,176.27 - Total expenditure: £12,765.84 - Net surplus: £6,411.89 The charity ended the year with net assets of £6,411.89. Restricted income comprised several projectspecific grants previously held under Newham Muslim Forum. Faith Space London assumed responsibility for delivering and completing these projects in 2024. ## **Plans for Future Periods** Looking ahead, Faith Space London aims to: - Expand its interfaith education and dialogue programmes across Newham and East London. - Develop outreach projects for young people and women to promote empowerment and inclusion. - Strengthen faith-based partnerships and collaboration with local authorities and community organisations. - Establish long-term funding and volunteer development programmes to ensure sustainability. The trustees remain committed to transparency, accountability, and public benefit, ensuring all charitable resources are used to foster mutual respect, peace, and community understanding. The trustees' annual report was approved on 10/10/2025 and signed on behalf of the board of trustees by: ## Muhammad Uddin ## Chairman 4 ## **FAITH SPACE LONDON** ## **Statement of Financial Activities** ## **31 DECEMBER 2024** ||Notes|Unrestricted Funds (£)|Restricted Funds (£)|Total Funds
(£)| |---|---|---|---|---| |Income and
Endowments||||| |Donations and legacies|4|5,372.00|13,804.27|19,176.27| |Investment income||1.46|-|-| |Total Income||5,373.46|13,804.27|19,177.73| |||||| |Expenditure||||| |Charitable activities|5|2,466.81|10,299.03|12,765.84| |Total Expenditure||2,466.81|10,299.03|12,765.84| |||||| |Net Income /
(Expenditure)||2,906.65|3,505.24|6,411.89| |||||| |Reconciliation of Funds||||| |Total funds brought
forward||-|-|-| |**Total funds carried**
**forward**||**2,906.65**|**3,505.24**|**6,411.89**| The statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities. 5 ## **FAITH SPACE LONDON** ## **Statement of Financial Position** ## **31 DECEMBER 2024** ||Notes|2024 (£)| |---|---|---| |Fixed assets||–| |Bank balance||4,019.32| |Accrued income||3,742.57| |Total current assets||7,761.89| |||| |Creditors: amounts falling due
within one year|9|(1,350)| |Net current assets||6,411.89| |||| |Net assets||6,411.89| |||| |Funds of the charity||| |Unrestricted funds||2,906.65| |Restricted funds||3,505.24| |**Total funds**||**6,411.89**| The financial statements were approved by the Board of Trustees on 10 October 2025 and signed by __________________________ Mr. Muhammad Uddin – Chair of Trustees 6 ## **FAITH SPACE LONDON** ## **Notes to the Accounts** ## **Year ended 31 DECEMBER 2024** ## **1. General information** The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is Multifaith Paryer Room, Westfield, E20 1EJ ## **2. Statement of compliance** These accounts have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The accounts are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Transition to FRS 102** The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2016. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. 7 ## **FAITH SPACE LONDON** ## **Notes to the Accounts** _**(continued)**_ ## **Year ended 31 DECEMBER 2024** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. - legacy income is recognised when receipt is probable, and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## 4. **Donations and legacies** ||Unrestricted Funds (£)|Restricted Funds (£)|Total Funds 2024 (£)| |---|---|---|---| |Newham Safer Neighbourhood|-|999.99|999.99| |Perinatal Project Grant|-|4,761.71|4,761.71| |Near Neighbours|-|4,000.00|4,000.00| |Women’s Project|-|300.00|300.00| |Westfield Programme|1,372.00|-|1,372.00| |Money A & E (Unrestricted)|4,000.00|-|4,000.00| |**Total**|**5,372.00**|**10,061.70**|**15,433.70**| 8 ## **FAITH SPACE LONDON** ## **Notes to the Accounts** _**(continued)**_ ## **Year ended 31 DECEMBER 2024** ## **5. Expenditure on charitable activities by fund type** ||Unrestricted
Funds (£)|Restricted Funds
(£)|Total Funds 2024
(£)| |---|---|---|---| |Perinatal Project|-|5,822.57|5,822.57| |Near Neighbours|-|3,166.46|3,166.46| |Women’s Project|-|210.00|210.00| |Westfield Programme|833.96|-|833.96| |Money
A
&
E
(Unrestricted)|1,372.56|-|1,372.56| |Accountancy Fees|250.00|-|250.00| |Sundry Expenses|10.29|-|10.29| |**Total**|**2,466.81**|**9,199.03**|**11,665.84**| ## **7. Staff costs and emoluments** The total staff costs and employee benefits for the reporting period are nil (2024) and nil (2023). ## **8. Trustee remuneration and expenses** Trustees are working on voluntary basis. ## **9. Creditors: amounts falling due within one year** ||**2024**| |---|---| ||**£**| |Perinatal Projects|
1100.00| |Accountancy|
250.00| |**Total**|**1,350.00**| ||`════`| ## **10. Transition to FRS 102** These are the first accounts that comply with FRS 102. The charity transitioned to FRS 102 on 1 January 2016. No transitional adjustments were required in the retained funds or income or expenditure for the year. ## **11** . **Related Party Transaction:** There was no related party transaction during the year. 9 ## **FAITH SPACE LONDON** **INDEPENDENT EXAMINER'S STATEMENT** **Year ended 31 DECEMBER 2024** ## **INDEPENDENT EXAMINER'S STATEMENT** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. …………………………………… Rehana Akhter AFA MIPA Independent examiner 23 Bulrush Terrace London IG11 0NT 10