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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1050383

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

AL ASR Scholastic Research Establishment

Preston Accountants Limited Chartered Certified Accountants

1 Carlton Parade Preston Road Wembley Middlesex HA9 8NE

AL ASR Scholastic Research Establishment

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

AL ASR Scholastic Research Establishment

for the Year Ended 31 December 2021

Report of the Trustees

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity raises funds to be used for various good causes, including for the blind, elderly, sick and underprivileged people in all parts of the world where there is a great need for resources and financial support.

The Charity also holds special events throughout the year to help raise funds for these good causes.

Public benefit

The Charity help raise funds for medicines, child education, food for the homeless and hospital equipments, to name but a few good causes, for people living in areas where there is a great need for resources and financial support.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Charity continues to attract an increasing number of followers each year. This year was no exception, with many devotees taking part in special events to raise funds for existing and new charitable causes.

The Charity helps to raise funds for child education, food for the homeless and hospital equipment, to name but a few good causes, for people living in areas where there is a great need for resources and financial support.

FINANCIAL REVIEW

Financial position

The charity regularly hold meetings to discuss the accounts, new and existing donation requests and to discuss future fund raising events. The charity has worked hard this year in raising funds and the costs have been well managed over this period.

Reserves policy

It is the policy of the Charity to maintain unrestricted funds so that it can offer a faster response to new and existing charitable causes, with a minimum reserve for organising and setup costs. Special events are organised throughout the year to raise funds for new and existing causes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendations of both elders and community leaders. The trustees believe this approach ensures that new trustees are respected members of the faith and local communities and ensures that good relations are fostered between the Charity and the people of the local community that we serve.

In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees' meetings as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have made no risk related investments. A formal review is undertaken regularly to ensure that all surplus funds are invested in bank and building society accounts at best rates of interest.

Page 1

AL ASR Scholastic Research Establishment

for the Year Ended 31 December 2021

Report of the Trustees

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1050383

Principal address

152 Norman Crescent Hounslow TW5 9JW

Trustees

The Trustees are as follows:

  1. Mr. S. M.S. Sabzwary

  2. Dr. Sabera Karmani

  3. Mrs. Siddika Dhalla

  4. Mr. Mohammad Iqbal Shah

  5. Mr. Mohammad Iqbal Davdani

  6. Mr. Mushtaq Hussain Shah

  7. Mr. Zahoor Abbas Shah

Independent Examiner

Murtaza Visram Association of Chartered Certified Accountants (FCCA) Preston Accountants Limited Chartered Certified Accountants 1 Carlton Parade Preston Road Wembley Middlesex HA9 8NE

Approved by order of the board of trustees on 9 December 2022 and signed on its behalf by:

S Sabzwary - Trustee

Page 2

Independent Examiner's Report to the Trustees of AL ASR Scholastic Research Establishment

Independent examiner's report to the trustees of AL ASR Scholastic Research Establishment

I report to the charity trustees on my examination of the accounts of AL ASR Scholastic Research Establishment (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 no concerns and 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.

Murtaza Visram Association of Chartered Certified Accountants (FCCA) Preston Accountants Limited Chartered Certified Accountants 1 Carlton Parade Preston Road Wembley Middlesex HA9 8NE

9 December 2022

Page 3

AL ASR Scholastic Research Establishment

Statement of Financial Activities

for the Year Ended 31 December 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Various donors
100,945
Investment income
2
21
Other income
19,415
Total
120,381
EXPENDITURE ON
Charitable activities
Governance costs
4,318
Various donors
16,278
Raising funds
2,255
Support Cost
17,712
Staff cost
15,847
Premises cost
28,300
Total
84,710
NET INCOME
35,671
RECONCILIATION OF FUNDS
Total funds brought forward
927,335
TOTAL FUNDS CARRIED FORWARD
963,006		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
100,945
74,976
21
181
19,415
35,810
120,381
110,967
4,318
5,269
16,278
19,774
2,255
3,083
17,712
10,530
15,847
18,872
28,300
21,283
84,710
78,811
35,671
32,156
927,335
895,179
963,006
927,335		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
100,945
74,976
21
181
19,415
35,810
120,381
110,967
4,318
5,269
16,278
19,774
2,255
3,083
17,712
10,530
15,847
18,872
28,300
21,283
84,710
78,811
35,671
32,156
927,335
895,179
963,006
927,335
110,967
5,269
19,774
3,083
10,530
18,872
21,283
78,811
32,156
895,179
927,335

The notes form part of these financial statements

Page 4

AL ASR Scholastic Research Establishment

Statement of Financial Position

31 December 2021

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
8
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
867,755
263,610
(1,078)
262,532
1,130,287
(167,281)
963,006		 Restricted
fund
£
-
-
-
-
-
-
-		 31.12.21
Total
funds
£
867,755
263,610
(1,078)
262,532
1,130,287
(167,281)
963,006
963,006
963,006		 31.12.20
Total
funds
£
851,377
261,313
(1,587)
259,726
1,111,103
(183,768)
927,335
927,335
927,335

The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2022 and were signed on its behalf by:

S Sabzwary - Trustee

The notes form part of these financial statements

Page 5

AL ASR Scholastic Research Establishment

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% Straight line on cost Long leasehold - 2% Straight line on cost Fixtures and fittings - 25% on reducing balance Motor vehicles - 20% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 6

continued...

AL ASR Scholastic Research Establishment

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.12.21 31.12.20
£ £
Deposit account interest 21 181

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

31.12.21 31.12.20
Employees 2 3
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Various donors 74,976 - 74,976
Investment income 181 - 181
Other income 35,810 - 35,810
Total 110,967 - 110,967
EXPENDITURE ON
Charitable activities
Governance costs 5,269 - 5,269
Various donors 19,774 - 19,774
Raising funds 3,083 - 3,083
Support Cost 10,530 - 10,530
Staff cost 18,872 - 18,872
Premises cost 21,283 - 21,283
Total 78,811 - 78,811
NET INCOME 32,156 - 32,156

continued...

Page 7

AL ASR Scholastic Research Establishment

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
6.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2021
671,679
Additions
42,653
Disposals
-
At 31 December 2021
714,332
DEPRECIATION
At 1 January 2021
25,836
Charge for year
12,918
At 31 December 2021
38,754
NET BOOK VALUE
At 31 December 2021
675,578
At 31 December 2020
645,843		 Long
leasehold
£
205,826
-
-
205,826
8,234
4,117
12,351
193,475
197,592		 Unrestricted
fund
£
895,179
927,335
Fixtures
and
fittings
£
35,742
-
-
35,742
32,715
757
33,472
2,270
3,027		 Restricted
fund
£
-
-
Motor
vehicles
£
15,000
-
(7,500)
7,500
10,085
983
11,068
(3,568)
4,915		 Total
funds
£
895,179
927,335
Totals
£
928,247
42,653
(7,500)
963,400
76,870
18,775
95,645
867,755
851,377		 Total
funds
£
895,179
927,335

Included in the net carrying amount of freehold and leasehold properties is £843,435 (2019: £834,671) pledged as security against the charity’s bank loans.

continued...

Page 8

AL ASR Scholastic Research Establishment

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Taxation and social security 1,078 1,587
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£ £
Bank loans (see note 9) 167,281 183,768
9. LOANS
An analysis of the maturity of loans is given below:
31.12.21 31.12.20
£ £
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 167,281 183,768
10. SECURED DEBTS
The following secured debts are included within creditors:
31.12.21 31.12.20
£ £
22 Portugal Road 97,241 107,229
118 Goldsworth Road 70,040 76,539
167,281 183,768
11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
£ £ £
Unrestricted funds
General fund 927,335 35,671 963,006
TOTAL FUNDS 927,335 35,671 963,006
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 120,381 (84,710) 35,671
TOTAL FUNDS 120,381 (84,710) 35,671

continued...

Page 9

AL ASR Scholastic Research Establishment

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.20
£
Unrestricted funds
General fund
895,179
TOTAL FUNDS
895,179
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
110,967
TOTAL FUNDS
110,967		 Net
movement
At
in funds
31.12.20
£
£
32,156
927,335
32,156
927,335
Resources
Movement
expended
in funds
£
£
(78,811)
32,156
(78,811)
32,156		 At
31.12.20
£
927,335
927,335
32,156

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.20
£
895,179
895,179		 Net
movement
in funds
£
67,827
67,827		 At
31.12.21
£
963,006
963,006

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
231,348
231,348		 Resources
Movement
expended
in funds
£
£
(163,521)
67,827
(163,521)
67,827		 Resources
Movement
expended
in funds
£
£
(163,521)
67,827
(163,521)
67,827
67,827

continued...

Page 10

AL ASR Scholastic Research Establishment

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

13. FUNDS STRUCTURE

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

Voluntary income is received by way of donations is recognised on receipt or accrued as income as soon as practical and prudent to do so.

Income from charitable activities include fees receivable from donors and is credited in the same year as the relevant income.

All expenditure is accounted for on an accrual basis and is reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable activities include all costs that are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to particular activities are allocated directly, others on an estimated usage basis.

14. INDEPENDENT EXAMINER'S REMUNERATION

2021 2020
£ £
Examination of the financial statements 1,890 1,344

Page 11

AL ASR Scholastic Research Establishment

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Investment income
Deposit account interest 21 181
Charitable activities
Donations 32,421 27,520
Gift aid 16,981 -
Donations for Najaf project 51,543 47,456
100,945 74,976
Other income
Rental Income 10,262 25,934
Government Grant 9,153 9,876
19,415 35,810
Total incoming resources 120,381 110,967
EXPENDITURE
Charitable activities
Educational trips expenses - 155
Events Costs - 3,083
Donations 15,870 19,424
15,870 22,662
Support costs
Management
Sundries 408 195
Legal & Professional Fees - 2,498
408 2,693
Finance
Bank charges 996 330
Bank loan interest 1,841 4,000
2,837 4,330
Human resources
Lecturing Costs 10,900 840
Other
Wages 15,765 18,790
Pensions 82 82
Rent, Rates and Insurance 1,335 1,655
Carried forward 17,182 20,527

This page does not form part of the statutory financial statements

Page 12

AL ASR Scholastic Research Establishment

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21 31.12.20
£ £
Other
Brought forward 17,182 20,527
Light and heat 3,418 2,353
Telephone 2,235 3,042
Cleaning - 80
Training costs 2,255 -
25,090 26,002
Other 2
Repairs & Maintenance 6,512 240
Other 3
Dep of freehold property 12,918 12,918
Dep of long leasehold 4,117 4,117
Dep of fixtures & fittings 757 1,009
Dep of motor vehicles 983 1,229
18,775 19,273
Governance costs
Accountancy Fees 1,890 1,384
Payroll and Book Keeping Fees 2,428 1,387
4,318 2,771
Total resources expended 84,710 78,811
Net income 35,671 32,156

This page does not form part of the statutory financial statements

Page 13