REGISTERED CHARITY NUMBER: 1096585
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR ASH SHIFA
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
ASH SHIFA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
ASH SHIFA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 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
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To advance the religion of Islam through the dissemination of knowledge to Muslims and Non-Muslims.
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The advancement of education, in particular for young people of all religions and ethnic backgrounds.
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To help young people develop their physical, mental, spiritual and moral capacities so they mature as individuals with opportunities to excel in society.
Volunteers
Many volunteers give up their time to help out the charity, particularly at the weekends and the evenings to help with improving the school in all areas. We are greatly indebted to these volunteers for their commitment and support.
ACHIEVEMENT AND PERFORMANCE
Main activities
Over this year we were engaged in the following activities:
Seminars
We organised 20 seminars on various topics. These were open to all members of the community and attracted just over 2000 attendees. These seminars were focused on educating the attendees on specific aspects of faith and allowed them to ask questions. The topics varied to maximise interest however there was always an attempt to link the topics and the prevalent discussion points in the community, thus providing clarification on such matters and an opportunity to ask questions regarding contemporary matters.
Burdah Nights
These events allowed participants to engage with the Islamic traditions of poetry, singing and praise. As part of an attempt to diversify our provision, we organised such events that moved away from academic pursuits towards the artistic. This important facet of Islamic spirituality appealed to people of all ages and allowed them to engage in a much more relaxed environment.
Visit to Islamic Religious Sites
Our aim is to take a group of students to visit Islamic religious sites at least once in the year. This is to educate interested students in Islamic history. We understand field trips can help students to appreciate the history they study in the class room better and ignite further interest. This year we visited sites of interest in Istanbul, including historic Mosques, shrines, relics, palaces, historic artefacts and much more.
Retreats
We offer religious retreats to help with spiritual as well as academic achievement, typically lasting 5-7 days. The retreat allows students to disconnect from the distractions of everyday life and focus efforts on learning the Islamic sciences as well as working on spiritual development. Our provision aims to facilitate for all in the community, so sometimes the retreat is local and other times it is further away. There is also variety in terms of teaching staff, we tend to have a number of teachers with different teaching styles and variant backgrounds.
FINANCIAL REVIEW
Reserves policy
The General fund represents funds arising from past operating results. The trustees are satisfied that the balance of the fund will enable the charity to meet its objectives and will be able to look into possible other venues in regards to possible permanent replacement premises. The trustees have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 3 to 6 months of operational expenditure.
Page 1
ASH SHIFA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
FINANCIAL REVIEW Statement of Trustees' Responsibilities
The law 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 financial activities during the year and of its financial position at the year-end. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on a going concern basis, unless it is inappropriate to presume that the charity will
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continue in operation.
The Trustees are responsible for keeping 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 applicable law, regulations and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
FUTURE PLANS
We plan to consolidate our current success and make our services available to a wider range of people. We also plan to look into further projects which will help us to fulfil our aims and objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Ash-Shifa Trust is constituted under a Trust Deed adopted on the 7th February 2003. Ash-Shifa Trust was registered as a charity with the charity commission on the 19th March 2003. (No : 1096585)
Organisational structure
The charity is managed by the trustees. The details of the current trustees are below:
S.Hussain (General Secretary) N.Rashid (Chairman) A.Ahmed
The appointment of trustees is governed by the trust deed.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1096585
Principal address
12 Country Mews Blackburn Lancashire BB2 7FJ
Trustees
S Hussain N Rashid A Ahmed
Independent Examiner
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
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ASH SHIFA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ N Rashid - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASH SHIFA
Independent examiner's report to the trustees of Ash Shifa
I report to the charity trustees on my examination of the accounts of Ash Shifa (the Trust) for the year ended 31 August 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Shamim Mahomed SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Date: .............................................
Page 4
ASH SHIFA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 22,419 - Other income 9,603 - Total 32,022 - EXPENDITURE ON Charitable activities 3 Provision of Services 34,148 - Management & Administration 4 - Total 34,152 - NET INCOME/(EXPENDITURE) (2,130) - RECONCILIATION OF FUNDS Total funds brought forward 15,845 - TOTAL FUNDS CARRIED FORWARD 13,715 - |
2021 Total funds £ 22,419 9,603 32,022 34,148 4 34,152 (2,130) 15,845 13,715 |
2020 Total funds £ 28,359 3,515 31,874 55,978 6 55,984 (24,110) 39,955 15,845 |
|---|---|---|
The notes form part of these financial statements
Page 5
ASH SHIFA
BALANCE SHEET 31 AUGUST 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 6 101 - CURRENT ASSETS Debtors 7 200 - Cash at bank and in hand 15,262 - 15,462 - CREDITORS Amounts falling due within one year 8 (1,848) - NET CURRENT ASSETS 13,614 - TOTAL ASSETS LESS CURRENT LIABILITIES 13,715 - NET ASSETS 13,715 - FUNDS 9 Unrestricted funds TOTAL FUNDS |
2021 Total funds £ 101 200 15,262 15,462 (1,848) 13,614 13,715 13,715 13,715 13,715 |
2020 Total funds £ 144 99 16,600 16,699 (998) 15,701 15,845 15,845 15,845 15,845 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Rashid - Trustee
The notes form part of these financial statements
Page 6
ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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.
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.
Administrative expenditure
Administrative expenditure comprises all costs incurred in running the charity, which can not be directly allocated, to the charity's projects or to fund-raising.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 30% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
General Funds
General Funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated Funds
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds, which are used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The cost of raising and administrating such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to financial statements.
Endowment Funds
Endowment Funds represent those assets, which must be held permanently by the charity, principally investments. Income arising from endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against part of the fund.
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.
continued...
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ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Gifts Gift aid donations |
2021 £ - 22,419 22,419 |
2020 £ 90 28,269 |
| 28,359 |
3. CHARITABLE ACTIVITIES COSTS
TOTAL RESOURCES EXPENDED
| Generati ng |
Generati ng |
Provision of |
Support | Management | ||
|---|---|---|---|---|---|---|
| Funds | Services | Costs | & Administration | |||
| Total | Total | |||||
| 2021 | 2020 | |||||
| £ | £ | £ | £ | £ | £ | |
| Purchases | 18,434 | 18,434 | 40,189 | |||
| Rates & Water | ||||||
| Insurance | ||||||
| Light & Heat | ||||||
| Wages & Social Security | 13,879 | 13,879 | 12,707 | |||
| Rent | ||||||
| Telephone | ||||||
| Postage & Stationery | ||||||
| Computer Software | 2,360 | 2,360 | ||||
| Repairs & Renewals | ||||||
| Room Hire | -2,012 | -2,012 | 2,012 | |||
| Independent Examiners Fee | 1,403 | 1,403 | 960 | |||
| Legal & Professional | ||||||
| Travel & Subsistence | ||||||
| Motor Expenses | ||||||
| Cleaning | ||||||
| Training Costs | ||||||
| Subcontractors | ||||||
| Depreciation | 39 | 4 | 43 | 62 | ||
| Loss on sale of tangible fixed assets | ||||||
| Sundry Expenses | 54 | |||||
| Bank Charges | 45 | 45 | ||||
| 34,148 | 4 | 34,152 | 55,984 | |||
continued...
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ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
5.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 28,359 - Other income 3,515 - Total 31,874 - EXPENDITURE ON Charitable activities Provision of Services 55,978 - Management & Administration 6 - Total 55,984 - NET INCOME/(EXPENDITURE) (24,110) - RECONCILIATION OF FUNDS Total funds brought forward 39,955 - TOTAL FUNDS CARRIED FORWARD 15,845 - |
Total funds £ 28,359 3,515 31,874 55,978 6 55,984 (24,110) 39,955 15,845 |
|---|---|
continued...
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ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | Motor | Computer | ||||
| fittings | vehicles | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 September 2020 and 31 August 2021 | - | - | 805 | 805 | ||
| DEPRECIATION | ||||||
| At 1 September 2020 | 1 | (1) | 661 | 661 | ||
| Charge for year | (1) | 1 | 43 | 43 | ||
| At 31 August 2021 | - | - | 704 | 704 | ||
| NET BOOK VALUE | ||||||
| At 31 August 2021 | - | - | 101 | 101 | ||
| At 31 August 2020 | (1) | 1 | 144 | 144 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Tax reclaim | 200 | 99 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Trade creditors | 1 | (1) | ||||
| Social security and other taxes | 155 | 148 | ||||
| Other creditors | 132 | 131 | ||||
| Accrued expenses | 1,560 | 720 | ||||
| 1,848 | 998 | |||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1/9/20 | in funds | 31/8/21 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 15,845 | (2,130) | 13,715 | |||
| TOTAL FUNDS | 15,845 | (2,130) | 13,715 |
continued...
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ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 32,022 | (34,152) | (2,130) |
| TOTAL FUNDS | 32,022 | (34,152) | (2,130) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/19 | in funds | 31/8/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,955 | (24,110) | 15,845 |
| TOTAL FUNDS | 39,955 | (24,110) | 15,845 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,874 | (55,984) | (24,110) |
| TOTAL FUNDS | 31,874 | (55,984) | (24,110) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/9/19 | in funds | 31/8/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,955 | (26,240) | 13,715 |
| TOTAL FUNDS | 39,955 | (26,240) | 13,715 |
continued...
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ASH SHIFA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 63,896 | (90,136) | (26,240) |
| TOTAL FUNDS | 63,896 | (90,136) | (26,240) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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ASH SHIFA
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| FOR THE YEAR ENDED | 31 AUGUST 2021 | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | 90 |
| Gift aid donations | 22,419 | 28,269 |
| 22,419 | 28,359 | |
| Other income | ||
| Sundry Receipts | 9,603 | 3,515 |
| Total incoming resources | 32,022 | 31,874 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 13,656 | 12,532 |
| Pensions | 223 | 175 |
| Computer Software | 2,360 | - |
| Purchases | 18,434 | 40,189 |
| Room Hire | (2,012) | 2,012 |
| Sundry Expenses | - | 54 |
| Accountancy | 1,403 | 960 |
| Computer equipment | 43 | 62 |
| Bank charges | 45 | - |
| 34,152 | 55,984 | |
| Total resources expended | 34,152 | 55,984 |
| Net expenditure | (2,130) | (24,110) |
This page does not form part of the statutory financial statements
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