CHARITY REGISTRATION NUMBER: 1093750
Shah Walayat Foundation
Unaudited Financial Statements
31 March 2025
Shah Walayat Foundation
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
Shah Walayat Foundation
Trustees' Annual Report
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Shah Walayat Foundation Charity registration number 1093750 Principal office 16-18 Francis Street Halifax HX1 5JY The trustees Dr Imran Rangzeb Mr Zafar Iqbal Mr Syed Mohammad Haider Ahmad Mr Haji Shaukat Ali Mr Syed Mohammad Hasanaat Ahmad Independent examiner Durrani & Co 72 Cardigan Street Luton Bedfordshire LU1 1RR
Structure, governance and management
Shah Walayat Foundation is managed by five trustees who meet at regular intervals and assess to date progress and plan for future developments.
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Shah Walayat Foundation
Trustees' Annual Report (continued)
Year ended 31 March 2025
Objectives and activities
1) The further development of the religion of Islam & cultural activities.
2) To celebrate religious & cultural events such as Eid Milaad Un Nabi.(Prophet’s Birthday, Pakistan Independence Day, Naat Competitions etc)
3) To arrange seminars and public meetings especially for educational purposes.
4) To invite scholars nationally and from abroad.
5) To provide facilities to the members in sports, education, and recreational activities, by building a library, ICT Suite and a gym.
6) To work and assist other organisations working for relief of poverty.
7) To provide children indoor facilities and games.
8) To provide Arts and technology activities to engage the member of the community and young generation of the Educational and Cultural centre.
9) This year fun day events were also held to appeal for the charity and other charities i.e., help for the needy overseas.
10) To support homeless people and set up food banks and looking after the needy.
11) Community events to fund raise and collection of funds on streets.
Achievements and performance
The charity has continued to successfully run by the above-mentioned trustees, in accordance with the objectives set out in the model governing documents of charity commission and is running ZAHRA EDUCATIONAL & CULTURAL CENTRE (ZECC) in Halifax which provides educational, cultural, and religious facilities.
On the educational front the ZECC of SWF is a home to a variety of educational classes for children of all ages. These classes are provided in the following topic areas including Quran Hifaz, Islamic studies, Urdu language, Prayers, Quranic recital classes, Arts and craft, Naat, Textiles, cooking and lots more. The number of pupils that attend the centre now fluctuates between 100 to 150.
The ZECC also provides the students with stationary, textbooks, reading books and Quran free of charge. It provides its members/students, 7 successful running computers which are available 7 days a week and a library that is available 5 working days, which contains over 1000 books on Islam, Maths, English, ICT, Urdu and Arabic.
In addition to this our section specially made for young people where they can spend time learning using games and fun activities is running successfully. We have the facility to engage young people with computer games and table tennis alongside some refreshments area which is mostly enjoyed.
The Radio Transmission from ZECC of SWF has also continued to run successfully for its members and supporters. They are listening to the religious programmes, call to prayers, holy songs and other events that takes place live at their homes by means of Radio Scanners which are provided by the charity.
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Shah Walayat Foundation
Trustees' Annual Report (continued)
Year ended 31 March 2025
Financial review
Trustees are satisfied with the performance of the trust and anticipate that same level of public support will continue in future.
The trustees' annual report was approved on 9 December 2025 and signed on behalf of the board of trustees by: Hasshood,
Mr Syed Mohammad Haider Ahmad Trustee
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Shah Walayat Foundation
Independent Examiner's Report to the Trustees of Shah Walayat Foundation
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Shah Walayat Foundation ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Durrani & Co Independent Examiner
72 Cardigan Street Luton Bedfordshire LU1 1RR
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Shah Walayat Foundation
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 92,898 | 92,898 | 92,449 |
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| Total income | 92,898 | 92,898 | 92,449 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 55,907 | 55,907 | 51,723 |
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| Total expenditure | 55,907 | 55,907 | 51,723 | |
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| Net income and net movement in funds | 36,991 | 36,991 | 40,726 | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 530,388 | 530,388 | 489,662 | |
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| Total funds carried forward | 567,379 | 567,379 | 530,388 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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Shah Walayat Foundation
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 11 | 266,920 | 267,092 |
| Current assets | |||
| Cash at bank and in hand | 302,255 | 264,920 | |
| Creditors: amounts falling due within one year | 12 | 1,796 | 1,624 |
| ───────── | ───────── | ||
| Net current assets | 300,459 | 263,296 | |
| ───────── | ───────── | ||
| Total assets less current liabilities | 567,379 | 530,388 | |
| ───────── | ───────── | ||
| Net assets | 567,379 | 530,388 | |
| ═════════ | ═════════ | ||
| Funds of the charity | |||
| Unrestricted funds | 567,379 | 530,388 | |
| ───────── | ───────── | ||
| Total charity funds | 13 | 567,379 ═════════ |
530,388 ═════════ |
These financial statements were approved by the board of trustees and authorised for issue on 9 December 2025, and are signed on behalf of the board by: Hetstblde Mr Syed Mohammad Haider Ahmad Trustee
The notes on pages 7 to 12 form part of these financial statements.
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Shah Walayat Foundation
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 16-18 Francis Street, Halifax, HX1 5JY.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Shah Walayat Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Shah Walayat Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 15% reducing balance |
|---|---|---|
| Fixtures and fittings | - | 15% reducing balance |
| Impairment of fixed assets |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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Shah Walayat Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Student contributions | 2,371 | 2,371 | 2,144 | 2,144 |
| Community support | 61,466 | 61,466 | 40,594 | 40,594 |
| Trustees and street fundraising | 29,061 | 29,061 | 49,711 | 49,711 |
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| 92,898 | 92,898 | 92,449 | 92,449 | |
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5. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Support costs | 55,907════════ |
55,907════════ |
51,723════════ |
51,723════════ |
6. Expenditure on charitable activities by activity type
| Total funds | Total fund | |||
|---|---|---|---|---|
| Support costs | 2025 | 2024 | ||
| £ | £ | £ | ||
| Governance costs | 55,907 | 55,907 | 51,723 | |
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| 7. | Net income |
Net income is stated after charging/(crediting):
Depreciation of tangible fixed assets
| 2025 | 2024 |
|---|---|
| £ | £ |
| 172 | 201 |
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Shah Walayat Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Independent examination fees
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,270═══════ |
1,240═══════ |
9. Staff costs
The average head count of employees during the year was 1 (2024: 1).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
no trustee expenses have been incurred; or
11. Tangible fixed assets
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2024 and 31 March 2025 | 265,950 | 18,132 | 284,082 |
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|
| Depreciation | |||
| At 1 April 2024 | – | 16,990 | 16,990 |
| Charge for the year | – | 172 | 172 |
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|
| At 31 March 2025 | – | 17,162 | 17,162 |
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| Carrying amount | |||
| At 31 March 2025 | 265,950 | 970 | 266,920 |
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|
| At 31 March 2024 | 265,950 | 1,142 | 267,092 |
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|
| Creditors: amounts falling due within one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 1,366 | 1,240 | |
| Social security and other taxes | 430 | 384 | |
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| 1,796 | 1,624 | ||
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12. Creditors: amounts falling due within one year
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Shah Walayat Foundation
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March 202 | |||
| 1 April 2024 | Income | Expenditure | 5 |
|
| £ | £ | £ | £ | |
| General funds | 530,388 | 92,898 | (55,907) | 567,379 |
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|
| At | ||||
| At | 31 March 202 | |||
| 1 April 2023 | Income | Expenditure | 4 |
|
| £ | £ | £ | £ | |
| General funds | 489,662 | 92,449 | (51,723) | 530,388 |
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|
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds |
|||
| Funds | 2025 |
|||
| £ | £ | |||
| Tangible fixed assets | 266,920 | 266,920 | ||
| Current assets | 302,255 | 302,255 | ||
| Creditors less than 1 year | (1,796) | (1,796) |
||
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| Net assets | 567,379 | 567,379 | ||
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|||
| Unrestricted | Total Funds |
|||
| Funds | 2024 |
|||
| £ | £ | |||
| Tangible fixed assets | 267,092 | 267,092 | ||
| Current assets | 264,920 | 264,920 | ||
| Creditors less than 1 year | (1,624) | (1,624) |
||
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| Net assets | 530,388 | 530,388 | ||
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14. Analysis of net assets between funds
15. Related parties
There were no transactions to related parties during the year.
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Shah Walayat Foundation
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
13
Shah Walayat Foundation
Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Student contributions | 2,371 | 2,144 |
| Community support | 61,466 | 40,594 |
| Trustees and street fundraising | 29,061 | 49,711 |
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|
| 92,898 | 92,449 | |
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|
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|
| Total income | 92,898 | 92,449 |
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|
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 30,500 | 22,000 |
| Rates and water | 1,297 | 6,661 |
| Light and heat | 11,925 | 12,631 |
| Repairs and maintenance | 892 | 4,557 |
| Insurance | 7,933 | 2,796 |
| Legal and professional fees | 1,670 | 1,485 |
| Telephone | 1,354 | 1,303 |
| Advertising | 151 | 77 |
| Depreciation | 171 | 201 |
| Bank and similar charges | 14 | 12 |
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| 55,907 | 51,723 | |
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|
| Total expenditure | 55,907 | 51,723 |
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|
| Net income | 36,991 | 40,726 |
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