2024-03-31-accounts

Registered Charity Number :- 1014888

BRITISH EDUCATION & SUPPORT TRUST (B.E.S.T)

Trustees’ Report and Financial Statements

For The Year End 31 March 2024

British Education & Support Trust(B.E.S.T) 4 Tunstall Road

London

BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

FOR THE YEAR ENDED 31 March 2024

CONTENTS

Trustees Report………………………………………………………………3-6 Independent Examiner’s Report……………………………...……….………7 Statement of Financial Activities.….…………………….………….………...9 Balance Sheet………………………..…………………………………...…..10 Notes to the Financial Statements……….…………………………….……...13

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

The Trustees present their report with the financial statements of the charity for the above period. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.

Reference and Administrative Details

Registered Charity Number:

1014888

Principle Address:

4 Tunstall Road, London, SW9 8BN

Trustees:

1. Mr Mohammad Yusuf Al Qatami - Trustee - Chairman

2. Dr Ahmad Abdul Rahman Al Sheha - Trustee - Vice Chairman

3. Mr Abdul Al Rahman Al Jiran - Trustee

4. Mr Salim Al Sharhan - Trustee

5. Mr Rashid Abdullah - Trustee

Structure, Governance and Management

Governing Document

British Education Support Trust is constituted as a charitable trust registered with the Charity Commission on October 26, 1992 under the charity number 1014888. It is controlled by its own constitution adopted on October 15, 1992 as amended by special resolution dated May 29, 2006 and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Pursuant to the constitution registered with the charity commission the board of trustees is a self-appointing body. New trustees are appointed in the event of a resignation, death or where the numbers fall below the minimum stipulated in its constitution. In the event of an appointment the existing trustees are invited to nominate suitable candidates from among the community who are familiar with the work of the trust and whom the existing trustees feel can contribute to the trust and agree who should be approached. If the candidate agrees then the trustees invite him /her for an interview and then formally vote on the candidate.

Induction and Training of New Of New Trustees

As new trustees are chosen from among the local community they are familiar with the work of the charity hence there has to date not been a need to organise any formal training sessions. However, all new trustees are given an orientation session where they are briefed on their obligations to the trust under the law. A number of publications from the Charity Comission are also provided including the guidance on charities and public benefit and on the advancement of religion for public benefit.

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

Organisational Structure

The board of trustees which meets regularly takes the overall accountability for ensuring that current legislations and rules of the constitution are complied with. The trustees are assisted by the service committee (whose members are made up of volunteers) in carrying out the day to day activities.

Structure, Governance and Management

Wider Network

The Charity operates from a single office whose address is given as above.

Related Parties

SRIH Property Ltd is a related party. Some of the directors of SRIH Property Limited are also the trustees of British Education & Support Trust.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity as set out in its constitution registered with the charity commission are summarised as follows:

(a) To advance education and religion in accordance with the tenets and doctrines of Islamic faith contained in the Quran and Sunnah in particular by providing or assisting in the provision of courses, lectures, seminars and other classes;

(b) To relieve poverty by providing or assisting in the provision of financial assistance to the poor; for education and medical field.

(c) To advance such other charitable purpose or purposes as the managing committee or the society shall from time to time decide.

Our objectives are set out 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.

ACHIEVEMENT AND PERFORMANCE

The charity is committed to serving the spiritual and academic needs of local and wider communities across our diverse & multicultural society. The trustees consider that these activities summarised below, provide benefit to those who regularly use our services and the wider community.

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

Throughout the year BEST organised and hosted a number of social and educational activities for the benefit of the local community; such as congregated Friday midday prayers, shared Iftar banquets and two Eid festivities.

Short courses and conferences were coordinated by BEST addressing the ways British Muslims can contribute to their society. As our name suggests, secular and faith based education is a key to the strategy our lecturers and educators employ.

Our scholarship and sponsorship projects are one of the most important avenues to promote education nationwide along with provision of financial support to educational institutions, cultural events and community based centres.

Volunteers

The charity is grateful for the unstinting efforts of its volunteers who are involved in the service provision. None of the education we deliver or support we provide would be possible without our local and foreign donors.

We hope that this support continues which helps us to reach out to more beneficiaries. All our trustees also give their time freely and receive no remuneration or other financial benefits.

FINANCIAL REVIEW

The funds of the charity are unrestricted and amounted to £ 1,580,242 as at March 31, 2023 and £ 1,616,373 as at March 31, 2024.

BEST is grateful to its sister organisation –SRIH Property Limited for the use of their property. The property at 19 Cambridge Square is used to accommodate all visiting lecturers during their short stay in London and this has cut down the cost of renting alternative accommodation and/or hotels.

FUTURE DEVELOPMENTS

We are keen to expand our scope by placing an even stronger emphasis on tackling key social issues and putting community leaders at the centre of our work, with greater attention on how we can help generate a constructive awareness of the culture of other customs, traditions and experiences that Muslims are likely to encounter whilst living in Great Britain.

Anti-social behaviour stemming from boredom of pre adulthood is a great concern for us. We strongly feel if we have the appropriate tools and resources, we could help direct youth towards positive contribution to their surroundings through organization of sports arts and cultural activities. Awareness classes would nurture talent and achieve excellence in the acquisition of advanced knowledge and equip our youth to embark upon future developments. We are hoping to have more lectures in the coming year to benefit our youths and general public.

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales, the Charities Act 1993, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

• 1) select suitable accounting policies and then apply them consistently;

• 2) observe the methods and principles in the Charity SORP;

• 3) make judgements and estimates that are reasonable and prudent;

• 4) 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 which 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 constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

Ahmad AlSheeha

Date: 10 September 2024

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 March 2024

Independent Examiner's report to the director of British Education & Support Trust

I report on the accounts for the Year Ended 31 March, 2024 set on pages 9 to 13.

Respective responsibilities of Trustees and Examiner

The charity's trustee are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 ( the 1993 Act ) and that an independent examination is required

It is my responsibility to:

• 1) examine the accounts under Section 43 of the 1993 Act

• 2) to follow the procedure laid down in the General Directions given by the Charity

• Commission (under Section 43 (7)(b) of the 1993 Act); and

• 3) to state whether particular matters have come to my attention

Basis of the Independent Examiner's Report

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 the records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as 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 statements below.

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

• 2) to keep accounting records in accordance with Section 41 of the 199 Act; and

• 3) to prepare accounts which accord with the accounting records and to comply

• with the accounting requirements of the 1993 Act have been met.

Bush & Company Accountants 699 High Road, Leyton, London E10 6RA

10 September 2024

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 March 2024

Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Investments 4 Other 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 9 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 31,964 31,964 24,284 29,364 29,364 72,602 3 3 2 - - (1,391)
	61,331 61,331 95,497
	500 500 46,262 21,416 21,416 70,198 2,293 2,293 828
	24,209 24,209 117,288
	37,122 37,122 (21,791)
	37,122 37,122 (21,197) (152,061) (152,061) (130,864) (114,939) (114,939) (152,061)

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

BALANCE SHEET

FOR THE YEAR ENDED 31 March 2024

Recommended categories by activity Notes Fixed assets Tangible assets 10 Total fixed assets Current assets Cash at bank and in hand 11 Total current assets Creditors: amounts falling due within one year 12 Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Unrestricted funds 13 Restricted income funds 13 Endowment funds 13 Revaluation reserve Total funds	Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 475,845 475,845 478,138
	475,845 475,845 478,138
	62,184 62,184 8150 62,184 62,184 8150 13,232 13,232 13,232 48,952 48,952 (5,082)
	524,797 524,797 473,056
	30,292 30,292 (21,791) - - - - 1,601,041 1,601,041 1,602,032 1,616,373 1,616,373 1,580,242

The financial statements were approved by the Board on 10-Sept-2024 and signed on its behalf by:

Ahmad AlSheeha Ahmad AlSheeha

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BRITISH EDUCATION & SUPPORT TRUST(B.E.S.T)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

Analysis Bank charges Legal/professional fees Wages and salaries Staff costs Donations Advertising and marketing Printing and stationery Rates & Water Telephone, Internet & Fax Light, Heat & Energy Educational and Visiting Lecturer Expenses Equipment Expensed Refund Service Charges Software Subscriptions Sundry Travel & Subsistence Support Costs	Total funds 2024 Total funds 2023 £ £ - 270 - 4 8,669 5,963 - 150 - 205 - 1,829 - 11,629 6,152 11,851 903 (5,229) 4,542 10,367 - 1,450 - 5,761 - (302) - 88 - 539 - 7,740 - 3,332 - 3,613 1,150 10,937 21,416 70,197

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