CHARITY GISTERED NtJMBER: 26353S SOUTH LONDON ISLAMIC CENTRE TRUSTEES, REPORT AND FINANCIAL sTATEllNT FOR THE YEAR ENDED 31 MARCH 2024 BOBAT ARIF & CO. cFtARTF.RP.D CERTIFICI D ACCOUIYTANTS upItT IOA THC 1929 SHOP MCI RTON ABBEY MILLS WATERl%llLL WAY LONDON SW19 2RD
SOUTH LONDON ISLAMIC CENTRE L£6AL AND ADMINISTRATIVE INFORlVtATION R¢gistered ChArity Nu]nber- 263535 Chairman: MAIjaz Trustees: NAII Z Niaxt A R Kai'im M Salimullah MAljaz Registered olee. 8 Mitcham Lane Londnn SW16 6NN ArcouIitamts: Bobat Arif & Co. Chartcrcd Ccrtificd Accountants Unit IOA, Thc 1929 Shop Mcrton Abbcy Mills 18 Watem)ill Way Londoll SW19 2RD Baiikers: Batelays Bank PIC Lloyds Bank PIC
SOUTH LONDON ISLAMIC CENTRE FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Chai'ity- Exainin¢rs report Trust¢¢$' r¢port Balance sh¢et Statement of financial activitles S¢hedul¢ of ndS Notes
INDEPENDEI NT EXAMINER'S REPORT TO THE TRUSTEEI S OF SOUTH LONDON ISLAMIC CENfRE FOR THE YEAR ENDED31 fviARCH 2024 I report on the accounts which are set out on page5 4 to I l. Respectiye respollsibilitles of the trustees The twste¢S are responsible foi. the w'eparation of the accounts. The trustees consid. that an audit is not reqiiired forthis period under section 144{2) of the Charities Act2011 Ith¢ 2011 Act) and that an independent eX2mlliation is needed. It is my responsibility to.. Exaniine the accounts undersection 145 oftbe 2011 Act- follow theprocedures laid dow Én the general dÈrections given by tbe Ch'Ity Commission {under section 145(5Xbl of the 201 I AGtI' and state whethei. wticular matters have come to my attention. Bssis of itkdepertdenÉ ex8mi]ier's report My examination was can'ied oul in accordan¢¢ with the General Directions given by the Chai'ity Commission. An examination includes a ttytew of the accounting IrooiT]s kept by the charity and a compaj'isnn of thc accounts presented with those records. It also includes conside17tion of any Ejnusual items or dÉ8clowrcs in thc accounts, and 8eekin& explanations from you as trustees COIkCErlliDg any such matters. The proccdures llndertaken do not provide all the evidence tIMt would be requiTed iii an audit, and consequently no opÈnion is givcn as to whether th6 accounts present a'true and fair view" and the rqx)rt is lÉmited to those matters set aut in the statement below. Independent examiner'5 Statein¢nt I have completed my examination. I confjrm that no material mattcrs havc cotlle io my attention in conttection with the examination giving me cause lo believe that in any matei'ial Ycqpcct.. l. accounting recoi'ds were not kept in Tespect of the charity as required by sectioll 130 of d)e Act. or 2. the accounts do not accord with those records. or 3. the accounts do not COTnply with the applicable i'equircmcnts concerning the forn) and coiitent of accounts set tsut in tlie Chai'ities (Accounts and Reports) Regulations 200S otherthan any Yequirement thatthe accounts give a 'ts'lle and fair view, whicli is not a ntter considered ns payt of an dependent cxamination. I have no concerns and havc Coine across no other matters in ¢oMnection with the examinatiorj to which attentio should be drawn in this report in ordey to enable a proper under$tanding of the accounts to be reached. Dated: 15 December 2024 Bobat .f & Co. Chartei'ed Ceitifi¢d Accountants Unit IOA. Tjie 1929 Shop Merton Abbey Mills 18 WateTmi51 Way London SWk9 2RD Page 2
SOUTH LONDON ISLAMIC C£1 NTRE REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 FrfIARCH 2024 Th¢ trustees pres¢nt their repoyt with the financial statements of the oharity for the year ended 3 1 Mah 2024. The tru5te¢5 conf]nn that tlie financial statements con)ply with the reqUIre¢llts of the Charities Act 201 I, the Trust Deed alld the Chai'ities SORP 2005. Strlletur¢, Gov¢rll#llc¢ aiid Mauagement Ttust¢es The trustees named on page I have served t])roughout tl?e year. No tftistee has any beneficial interest in the TiSt and they al'e all members of the Twst. Tiustees are only appointed by the Board of Trustees. Governing do¢um¢nt The ch8rily is gov¢rned by its Trust deed.. Organi$a¢ion The h'4lSt¢¢s meet regularly with the Management Committec to review the day to day duties which have been deleg&ted to the Committ¢¢. Related parties There no relat¢d parties that require disclosure. Risk policy The li'usie¢s hiive <1 duly to i(lentify review th¢ i'isks to whToh ttie ¢h3rity is exposed and to ensure appropriate LulllThJls are in plaLe to pruvide reasonable assurance against fraud and error. Objectives and activities The Charitable Trusl's objeL15 to prumoLe the study aTEd prdLtice of the Islamic faith and to advance religious education in accordaAce with the doctrin¢5 alld pi"aLtLLeS of the Islamic faith. The ¢haTltable trust's main actiY&ties are..
To provide a centre at whiLh m¥Enb¢rb oflhe publiL can 4dvance their edueation in the knowledge of tslam. To provide ¢duc4tional aclivities io those vl Ihe Isl(illkic fditli,. A ¢omii)unily centie foi. the local Muslim comtiiunity whereby daily prayer facÉlities are performed. ladie8 and youth activities are hel(L funeral and matritnonial facilities provided, various local community ¢v¢ntS are held and a Food bank sei'Yic¢ is also provided fur Ihe b¥nefil of all loLal cominu1t1¢5. Athievements and performance The Trust¢es are pleased to state that tlie charitable trust ha5 COTrtinued with its objective5 and are salTsfied with the a¢hiev¢ments. Fortunately, the regular donalioftjs have rESullied to it's Thom]al leve15. These achigyeinents could not have been IEalis¢d without the generous ba¢kiAg of th¢ doiiors, as well as the excellent peTforn]anoe of the modestly sized staff team suppoitsd by our killd enthusiastic Volutter, to all of whoTll w¢ are very grateful. Page
SOUTH LONDOP4 ISLAMIC CCNTRE REPORT OV THE TRusfEI ES? (Continued) FOR THE YEAR ENDED31 MARCH 2024 Finaneial review Reserves policy It is tlie policy of the charity to [aintaIll unrestt'icted funds, which are th¢ free reserves of the ¢hai'ity, at a level wl)ich equates to appn)ximately three months unrestrÉcted expendituie. This pi'ovides SLÈificieni fi]fids lo cover maiiagemellt and administratioll aAd supptrrt Cogts aiid to iespond to any emergency applications which may arÈse. Uni'estt'icted fullds were rnaintained at this level throughout the year. Freehold land and buildings In the opinion of the directors the market value of land & buildings is £5,150,000. Plans for future periods Financial Review The charity has now EagEd to maintain it's balances aJd #Iso IÈ'S normal standard of go(Ml level of quality educational activities to satisfy the needs of tl)e community. We al'e hope1 to continue with our objectives. Accounting and YeportÈng responsibilities The ts'ustees are responsil)le foi. preparing the Ti'ustees, ArU1 Report #nd the financÉal staternents iii Élccordance with applicable law and United Kingdom A9tillg Sialld<trd& (Uniied Kingdom Generally Accepted Ac¢ouiitit]g Practice). The law applicable to charities in England and Wales wuires the trustees to prepare accounts foi. each fancial year which give a tn]e and fair view of the state of aff(iirs of ihe ¢l)at'ity and of the incoming &OUrCeS and applicatioll of resoui'ces of the ch'Ity for that period. In preparing these financÈal statements, the trustees are required to: select suitable arxouatillg poliGÉES and apply thcin ¢on8i%tcntly' observe the methods alld prin¢iple$ in the Charities SORP. make judgements ad estimates that are I'ea50nable and pvudeftt. state whether applicable accounting standards have been followed, subjeet to any material departures disclosed and explained ill the fJnan¢ial statcinent5- pIEpare the accounts on a going con¢¢rn basis unless tt is inappropriate to pyesuine that the Charity will continue in operation. The truste6s are responsible for keeping prop¢r accouTrtitig re¢ords which disclose witli ttasonable accuracy at any tiine the faLIa1 position of the charity and eiiable them to ensure that the accounts comply witli the Charitie5 Act 201 I, the Charity {A¢counts and Reports) Regulations 200£ aftd the piy)viaion of the ttvst deed. They are also responsible foi. safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other llTegulaiities. Appi'oved by the trustees on 15 D¢ber 2024 si¥ned on its behalf by.. MAljaz Trnstee Page
SOUTH L NDON ISLAMIC CENTRF BALANCE SHEET AT 31 MARCH 2024 Note 2024 2023 Txiigible fixed assets Tangible assets 2,783,711 2,789,228 Current assets Debtths Bank Accounts 138,720 728.638 220,160 608.254 867,358 828,414 Creditors Anioiints falling due withii) one yeai. 11,231 12,153 Net current #5$¢ts 856,127 816,261 Total assets less ¢urrent Ilabllltles 3,639,838 3,605,489 Creditors Amounts fallin¥ due after more than otae y¢ar (402,535) (495,4271 Net a$$¢ts £3,237,303 £3,110,062 Copltal fiinds RestriLted fund5 Unrestricted fvnds 5.241 3,232.062 13,734 3,096,328 Totsl funds £3,237.303 £3,110,062 Approved by the tt'ustees on 15 Decentber 2024 and signed on its behalf. MAljaz The annexed noteg fiiTm plli't of tliese fall¢la1 stat¢tneiils. PaE¢
SOUTH LONDON ISLAMIC CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Rest'd Income Funds Total FId$ 2024 Total Funds 2023 UDrest'd Funds Incomillg resouiies Incoming Resol1¢$ from generated funds.. Volulltary income 150,230 20.520 170,750 177,616 Activitie5 for generating lld9 82,933 82,933 72,141 Inve5tttkent income 199,164 199.164 147,803 432,327 20,520 452.847 397,560 Total incoming res(bur¢ 432J27 20,520 452,847 397,560 Re50ui'ces expended Costs of generating fld$ 16,373 29.012 45,385 36,316 Costs of ¢haritabl¢ actiwties 70,084 70,084 49,055 Governance costs 210,136 210,136 226,285 Total resource5 ¢xpended 296,593 29,0 12 325,605 311,656 Trlet movement fin funds 135,734 (8,492) 127,242 85,904 Total fund$ bi'ovght foi'w¥tYd 3,096,328 13,733 3,110,061 3,024,158 Total fmllds carrled forward 3,232,062 5,241 3,237,303 3,110,062 Details of Incoming resourc¢5 and iesources used are given in the notes to the fanCIal state]nents. Page 7
SOUTR LONDON ISLAr¥itC CENTR STATEMEI NT OF FINANCIAL ACTIVITIES DETAILED ANALYSIS OF MOVEMENTS KN FUNDS FOR THE YEAR ENDED 31 MARCU 2024 2024 2023 General Fund Surplus for th¢ period 135,734 87,905 135,734 87,905 Unrestricted fuiid Openillg balance 3,096.328 3,008,423 3.096,328 3,008,423 Resti-ict¢(J Income Fund Opening Balance Voluntary In¢orne~ Zakat/SadqalFitrana Donations- ZakatlSadqalFitr8na 13,734 20,520 (29,013) 15,735 23,703 (25.704) 5,241 13,734 Total fund5 at 31 March 2024 £3,237.303 £3,110,062 Page
SOUT A LONDOIY ISLAMIC CEJ¥TRE NOTES TO THE FINAIYCIAL STAT£MENTS FOR THE YEAR ENDCID31 MARCH 2024 Aceounting policies The accout)ts have been prepared under the historical cost conyention as modifi¢d by the snclu5ion of investments Rt market value. Tbe accounts have been prepai'ed in accordance with the Statemeiit of Recommended Practice - Accounting and Repoi'ting by Charities (SORP 2005} issued iii March 2005, applicable UK Accounting Standards and the Charities Act 1993. The pi'illcipal accounting policies adopted in the prepai'&tion of the accounts aye set out below. Incoming resources All incoming resources are included in the SOFA when the charity is legally eThtitled to the income and the amount can be quantified with reastsnable aeciii'acy. Resources expeniled All expenditure is accounted foi. on an accru£tls b£tsis and bas beeii classified undci. headings that aggregats all costs ttlated to the categoi'y Whei'e costs cannot be directly ttttribttd to partÈcular head88 they have been allocated io activities on a basis consistent with use of the resources. Tangible fixed assets and depreciation TIble fLxed assets are stated at cost less dw'eciation. DepiEciation is provided at rates ealculated tr) write off the cost less estiniated residual value of each asset Ov. its expected useful life, As follows.. Freehold Land alld buildings- Trnstees have adopted the policy to keep ihe ¢ost in the balan¢e sheet at historical value and Jnark¢t value is disclosed in th¢ Trustees, Report. Plant and Ma¢hinery- 200/0 per allnum on NBV Motor Vehi¢les- 25fj/ per al11 on NBV Fvnd #¢counting GenerAI fuiids are unrestricted ft]nd$ which ar¢ available for u$¢ at lh¢ di8¢retion of the InL%tees ft>r particular puwoses. The aim and us¢ of each desigTEUted fund is 3¢t out Èn ihe notes to the flljancial statements. Restricted funds aTe funds which ar¢ to b¢ u5od in accgrdan¢e with 3p¢oifi¢ r¢8tri¢tions imposed by th)nors or which hav¢ bcett raised by the charity for particularpu0&es. The cost of raising and admTlllStering such ds ar6 LhdiEed (tg<tinst the 5pecifiL fund. The aun aDd use of Each reslricted fund as sel out in th¢ nol¢3 to the faCIal staterncllts. Page
SOUTH LONDON ISLAMtC CLNTRE NOTES TO THE FINANCIAL STATEMENTS (ContiThiied) FOR THE YEAR ENDED 31 MARCH 2024 Staff eosts The averftge numb. of persons employed by the ¢ompany, including director. dui'ing the period was follows.. 224 2023 Administration Teachers Imain 18 20 20 22 Iiivestment Ineome 2024 2023 Rents received Bak interest received 198,568 596 147,803 £199,164 £147,803 Taiigible fix¢d Rs$ets Lxnd Plant and aiid BllÉldlngs Macliincry Total C081'. At l April 2023 2.766.577 E 16,472 2,883,049 Ai 31 M8rch 2024 2.766,577 116.472 2,883,049 Depreciatioll-. At l April 2023 Chai'ge for tb¢ period 93,821 5.517 93,821 5,517 Al 31 March 2024 99.338 99,338 Nel book value.. At 31 Mar¢h 2024 £2.766,577 £ 17,134 £2,783,711 At 3 1 March 2023 £2,766.577 £ 22,651 £2,789,228 Page 10
SOVTH LONDON tSLAMIC CE TRE NOTES TO THE FJJNANCIAL sTATET (Continued) FOR THE YEARENDED 31 MAR H 2024 Debtors and prepxyments Amounts falling due within one year- 2024 2023 Prepayments and Aca'ued Income Staff Loans Hayes F.ducation Centre Loan 1,410 58,750 160,000 58,750 79,970 £138,720 £220,160 Creilitors Amovnts falling due with7 one yeai.: 2024 2023 Sundry Creditors Othcr Tucs & PAYB A¢¢ruals And Deferred ITLCO]ne 6,106 3,625 1,500 6,106 4,547 1,500 £ 11,231 £ 12,153 AJnounts falling due after more than one year.'- 402,535 495,427 Page 11
so TH Lof4DON ISLAMIC CENTRE NOTES TO THE Fll¥ANCIAL STATEI MENTS (CoTrtinued) R THE YEAR ENDED 31 MARCH 2024 Inco1% I'esoiirces Rest'd li1¢0e Fund5 2024 Unrest'd Flind5 2024 Total Elld$ 2024 Total Fund5 2023 Voluntary income Donations Subscriptions Friday Collections Donations foi. new Masjid Volutttary In¢ome- ZakaLISadqalFitraiia 41.302 3,400 51,004 54,524 41,302 3,400 51,004 54,524 20,520 34.359 7,492 58,110 53,952 23,703 20,520 150,230 20,520 170,750 177,616 Activitie5 for g¢n¢ratlllg funds Sale of Calenders Madixssa Fees Mortuary F¢¢$ Nikah Fees Other tncom¢ Hall Hire 1,350 62,718 16.075 2,715 1,350 62,718 16,075 2.715 1,410 63,807 6,734 190 75 75 82,933 82,933 72,141 Investment Income Rents i'e¢¢ived Bai)k inter¢st received 198,568 596 198.568 596 147,803 199,E64 199,164 147,803 Costs of generaliIig fuiids 2024 2024 2023 Hearse costs Calendars Fuiieral costs DepErciatkon Website and advertising 2,035 1,100 5,416 5,517 2,305 2,005 1,300 7.307 16,373 10,612 Page 13
SOUTH LONDON ISLAMIC CENTRE NOTES TO THK Fll¥ANCIAL STATCI MENTS IContiTruedl FOR THE YEAR ENDED 31 MARCH 2024 Co$t5 of eharltable aetiYitie5 2024 2024 2023 Rates Light & Heat Cl¢8ning Se¢urity tnsurance Telephone & Inteniet Post, Prinl & Stationeiy Building repairs R¢newals Bank chaeS Ciedit Card Charges SuTidry expenses Ramada & HospitalÉty costs SubscripiÉons Madra&sa expenses Chai'ity ShuplFood Batsk 812 10,383 12,199 270 9,677 712 351 18,347 740 9,437 7,656 170 11,398 813 731 10,621 829 1,744 2,539 126 99 8,200 75 264 6,030 322 4,344 250 70,084 49,055 10. Governai)¢e £osts 2024 2024 2023 Staff costs Legal lees Accoun¢aThcy & Repoi't fees New Project costs Payroll costs Slatrpension costs Office Adjnitkistration costs 196,366 196.645 750 1,500 21,537 444 1,009 4.400 1.500 6.993 456 I,ioi 3,720 210,136 226.285 Page 14