CHARITY GISTERED NtJMBER: 26353S SOUTH LONDON ISLAMIC CENTRE TRUSTEES, REPORT AND FINANCIAL sTATEll￿NT 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 o￿lee. 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 n￿tter 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 Ma￿h 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 Ti￿St 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 cominu￿1t1¢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 Volu￿tter￿, 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 ￿E￿agEd 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 hope￿1 to continue with our objectives. Accounting and YeportÈng responsibilities The ts'ustees are responsil)le foi. preparing the Ti'ustees, Ar￿U￿1 Report #nd the financÉal staternents iii Élccordance with applicable law and United Kingdom A￿9￿￿tillg Sialldr 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 particularpu￿0&es. The cost of raising and admTlllStering such ds ar6 LhdiEed (tg