**REGISTERED CHARITY NUMBER: 1050383** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 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 2024 |||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 ## Report of the Trustees ## for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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). The trustees are pleased to present their report for the year ended 31 December 2023 for the charity, AL ASR Scholastic Research Establishment with Charity Number 1050383 ## **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. Page 1 AL ASR Scholastic Research Establishment ## Report of the Trustees for the Year Ended 31 December 2024 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **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. ## **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. Mr. Mohammad Iqbal Shah 3. Mr. Mohammad Iqbal Davdani 4. Mr. Mushtaq Hussain Shah 5. Mr. Zahoor Abbas Shah ## **Independent Examiner** Murtaza Visram Preston Accountants Limited. Chartered Certified Accountants 1 Carlton Parade Preston Road Wembley Middlesex HA9 8NE Approved by order of the board of trustees on 15 May 2025 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 2024. ## **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 Preston Accountants Limited. Chartered Certified Accountants 1 Carlton Parade Preston Road Wembley Middlesex HA9 8NE 16 May 2025 Page 3 AL ASR Scholastic Research Establishment ## Statement of Financial Activities ## for the Year Ended 31 December 2024 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Various donors
113,020
Investment income
2
2,475
Other income
3,458
**Total**
118,953
**EXPENDITURE ON**
**Charitable activities**
Governance costs
3,738
Various donors
58,375
Raising funds
3,639
Support Cost
26,602
Staff cost
-
Premises cost
26,651
**Total**
119,005
**NET INCOME/(EXPENDITURE)**
(52)
**RECONCILIATION OF FUNDS**
Total funds brought forward
924,274
**TOTAL FUNDS CARRIED FORWARD**
924,222|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-|31.12.24
31.12.23
Total
Total
funds
funds
£
£
113,020
80,753
2,475
2,232
3,458
6,296
118,953
89,281
3,738
4,198
58,375
61,710
3,639
-
26,602
22,442
-
14,555
26,651
30,497
119,005
133,402
(52)
(44,121)
924,274
968,395
924,222
924,274| |---|---|---| The notes form part of these financial statements Page 4 AL ASR Scholastic Research Establishment ## Statement of Financial Position ## 31 December 2024 |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
831,728
5,537
212,627
218,164
(13,835)
204,329
1,036,057
(111,835)
924,222|Restricted
fund
£
-
-
-
-
-
-
-
-
-|31.12.24
Total
funds
£
831,728
5,537
212,627
218,164
(13,835)
204,329
1,036,057
(111,835)
924,222
924,222
924,222|31.12.23
Total
funds
£
850,811
7,572
205,427
212,999
(27,709)
185,290
1,036,101
(111,827)
924,274
924,274
924,274| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 15 May 2025 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 2024 ## **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 exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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 ## **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 2024 ## **2. INVESTMENT INCOME** ||31.12.24|31.12.23| |---|---|---| ||£|£| |Deposit account interest|2,475|2,232| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **5.** |||31.12.24|31.12.23| |---|---|---|---| |Employees||1|2| |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|80,753|-|80,753| |Investment income|2,232|-|2,232| |Other income|6,296|-|6,296| |**Total**|89,281|-|89,281| |**EXPENDITURE ON**|||| |**Charitable activities**|||| |Governance costs|4,198|-|4,198| |Various donors|61,710|-|61,710| |Support Cost|22,442|-|22,442| |Staff cost|14,555|-|14,555| |Premises cost|30,497|-|30,497| |**Total**|133,402|-|133,402| |**NET INCOME/(EXPENDITURE)**|(44,121)|-|(44,121)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward|968,395|-|968,395| continued... Page 7 AL ASR Scholastic Research Establishment Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |Unrestricted
fund
£
**TOTAL FUNDS CARRIED FORWARD**
924,274
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Long
property
leasehold
£
£
**COST**
At 1 January 2024 and 31 December 2024
732,342
205,826
**DEPRECIATION**
At 1 January 2024
68,048
20,585
Charge for year
14,647
4,117
At 31 December 2024
82,695
24,702
**NET BOOK VALUE**
At 31 December 2024
649,647
181,124
At 31 December 2023
664,294
185,241
Included in the net carrying amount of freehold and leasehold properties is £830,773
(2023: £849,535) pledged as security against the charity’s bank loans.
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Taxation and social security|| |---|---| ||| ||| ||| ||| continued... Page 8 AL ASR Scholastic Research Establishment ## Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |Bank loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**11.**
**SECURED DEBTS**
The following secured debts are included within creditors:
22 Portugal Road
118 Goldsworth Road
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.24
£
924,274
924,274
Incoming
resources
£
118,953
118,953|31.12.24
31.12.23
£
£
111,835
111,827
31.12.24
31.12.23
£
£
13,859
27,727
111,835
111,827
31.12.24
31.12.23
£
£
73,342
81,429
52,352
58,125
125,694
139,554
Net
movement
At
in funds
31.12.24
£
£
(52)
924,222
(52)
924,222
Resources
Movement
expended
in funds
£
£
(119,005)
(52)
(119,005)
(52)| |---|---|---| continued... Page 9 AL ASR Scholastic Research Establishment Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **12. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.23
£
968,395
968,395|Net
movement
in funds
£
(44,121)
(44,121)|At
31.12.23
£
924,274| |---|---|---|---| ||||924,274| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
89,281
89,281|Resources
Movement
expended
in funds
£
£
(133,402)
(44,121)
(133,402)
(44,121)|Resources
Movement
expended
in funds
£
£
(133,402)
(44,121)
(133,402)
(44,121)| |---|---|---|---| ||||(44,121)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.23
£
968,395
968,395|Net
movement
in funds
£
(44,173)
(44,173)|At
31.12.24
£
924,222| |---|---|---|---| ||||924,222| 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
£
208,234
208,234|Resources
Movement
expended
in funds
£
£
(252,407)
(44,173)
(252,407)
(44,173)|Resources
Movement
expended
in funds
£
£
(252,407)
(44,173)
(252,407)
(44,173)| |---|---|---|---| ||||(44,173)| continued... Page 10 AL ASR Scholastic Research Establishment Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. ## **14. 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. ## **15. INDEPENDENT EXAMINER'S REMUNERATION** ||**2024**|**2023**| |---|---|---| ||£|£| |Examination of the financial statements|2,514|1,914| ## **16. GOING CONCERN** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Page 11 AL ASR Scholastic Research Establishment Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2024||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Investment income**||| |Deposit account interest|2,475|2,232| |**Charitable activities**||| |Donations|54,528|31,689| |Educational Trip|5,045|25,453| |Gift aid|5,923|2,917| |Donations for Najaf project|47,524|20,694| ||113,020|80,753| |**Other income**||| |Rental Income|3,458|6,296| |**Total incoming resources**|118,953|89,281| |**EXPENDITURE**||| |**Charitable activities**||| |Najaf project expenses|38,816|13,764| |Donations|528|31,389| ||39,344|45,153| |**Support costs**||| |**Management**||| |Legal & Professional Fees|-|1,500| |**Finance**||| |Bank charges|255|222| |Bank loan interest|8,478|8,412| ||8,733|8,634| |**Human resources**||| |Postage and stationery|804|1,119| |Event Costs|3,439|-| |Lecturing Costs|15,739|11,310| ||19,982|12,429| |**Other**||| |Wages|-|14,528| |Pensions|-|27| |Rent, Rates and Insurance|2,379|408| |Light and heat|5,508|11,325| |Telephone|1,007|953| |Carried forward|8,894|27,241| 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 2024||| ||31.12.24|31.12.23| ||£|£| |**Other**||| |Brought forward|8,894|27,241| |Educational Trip Expenses|19,031|16,557| ||27,925|43,798| |**Other 3**||| |Dep of freehold property|14,647|14,647| |Dep of long leasehold|4,117|4,117| |Dep of fixtures & fittings|319|426| ||19,083|19,190| |**Governance costs**||| |Accountancy Fees|2,514|1,914| |Website Costs|200|-| |Payroll and Book Keeping Fees|1,224|784| ||3,938|2,698| |Total resources expended|119,005|133,402| |**Net expenditure**|(52)|(44,121)| This page does not form part of the statutory financial statements Page 13