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2022-08-31-accounts

REGISTERED CHARITY NUMBER: 1096585

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2022

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for
ASH SHIFA
28/06/23 14:09
DRAFT
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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 2022

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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
28/06/23 14:09
DRAFT
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ASH SHIFA

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2022

The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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

  1. To advance the religion of Islam through the dissemination of knowledge to Muslims and Non-Muslims.

  2. The advancement of education, in particular for young people of all religions and ethnic backgrounds.

  3. their physical, mental, spiritual and moral capacities so

  4. time to help out the charity, particularly at the weekends and

  5. various topics. These were open to all members of the were focused on educating the attendees on specific aspects to maximise interest however there was always an attempt

  6. the community, thus providing clarification on such matters to engage with the Islamic traditions of poetry, singing we organised such events that moved away from spirituality appealed to people of all ages and allowed

  7. to visit Islamic religious sites at least

  8. 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 2022

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:

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

Page 2

ASH SHIFA

Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

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 2022.

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:

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 2022

DRAFT
28/06/23 14:09
Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
136,377
-
Other income
1,283
-
Total
137,660
-
EXPENDITURE ON
Charitable activities
3
Provision of Services
119,722
-
Management & Administration
(717)
-
Total
119,005
-
NET INCOME/(EXPENDITURE)
18,655
-
RECONCILIATION OF FUNDS
Total funds brought forward
13,715
-
TOTAL FUNDS CARRIED FORWARD
32,370
-		 2022
Total
funds
£
136,377
1,283
137,660
119,722
(717)
119,005
18,655
13,715
32,370		 2021
Total
funds
£
22,419
9,603
32,022
34,148
4
34,152
(2,130)
15,845
13,715

The notes form part of these financial statements

Page 5

ASH SHIFA

Balance Sheet 31 AUGUST 2022

2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 71 - 71 101
CURRENT ASSETS
Debtors 7 23,152 - 23,152 200
Cash at bank and in hand 10,888 - 10,888 15,262
34,040 - 34,040 15,462
DRAFT
28/06/23 14:09
CREDITORS
Amounts falling due within one year
8
(1,741)
-
(1,741)
NET CURRENT ASSETS
32,299
-
32,299
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,370
-
32,370
NET ASSETS
32,370
-
32,370
FUNDS
9
Unrestricted funds
32,370
TOTAL FUNDS
32,370
The
financial
statements
were
approved
by
the
Board
of
Trustees
and
authorised
............................................. and were signed on its behalf by:
.............................................
N Rashid - Trustee		 for (1,848)
13,614
13,715
13,715
13,715
13,715
issue
on

The notes form part of these financial statements

Page 6

ASH SHIFA

Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2022

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. Computer equipment - 30% on reducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting General Funds

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.

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.

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...

Page 7

ASH SHIFA

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2022 2021
£ £
Gift aid donations 136,377 22,419

3. CHARITABLE ACTIVITIES COSTS

TOTAL RESOURCES EXPENDED

Generati
ng		 Generati
ng		 Provision
of
Support
Management		 Provision
of
Support
Management		 Provision
of
Support
Management
Funds Services
Costs
& Administration
Total Total
2022 2021
£ £
£
£		 £ £
Purchases 99,711 99,711 18,434
Rates & Water
Insurance
Light & Heat
Wages & Social Security 17,874 17,874 13,879
Pensions 111
Telephone
Postage & Stationery
Computer Software 2,360
Repairs & Renewals
Room Hire : -2,012
Independent Examiners Fee
1,204		 1,204 1403
Legal & Professional
Travel & Subsistence
Motor Expenses
Cleaning /
Training Costs
Subcontractors
Depreciation /
27
3		 30 43
Loss on sale of tangible fixed assets
Sundry Expenses
Bank Charges 75 75 45
119,002 3 119,005 34,152

continued...

Page 8

ASH SHIFA

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

DRAFT
28/06/23 14:09
5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
22,419
-
Other income
9,603
-
Total
32,022
-
EXPENDITURE ON
Charitable activities
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
-		 Total
funds
£
22,419
9,603
32,022
34,148
4
34,152
(2,130)
15,845
13,715

continued...

Page 9

ASH SHIFA

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022

6. TANGIBLE FIXED ASSETS

Computer
equipment
£
COST
At 1 September 2021 and 31 August 2022 805
DEPRECIATION
At 1 September 2021 704
Charge for year 30
7.
8.
9.		 DRAFT
28/06/23 14:09
At 31 August 2022
NET BOOK VALUE
At 31 August 2022
At 31 August 2021
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Tax reclaim
23,152
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade creditors
-
Social security and other taxes
151
Other creditors
750
Accrued expenses
840
1,741
MOVEMENT IN FUNDS
Net
movement		 734
71
101
2021
£
200
2021
£
1
155
132
1,560
1,848
At
At 1/9/21 in funds 31/8/22
£ £ £
Unrestricted funds
General fund 13,715 18,655 32,370
TOTAL FUNDS 13,715 18,655 32,370

continued...

Page 10

ASH SHIFA

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

DRAFT
28/06/23 14:09
Incoming
resources
£
Unrestricted funds
General fund
137,660
TOTAL FUNDS
137,660
Comparatives for movement in funds
At 1/9/20
£
Unrestricted funds
General fund
15,845
TOTAL FUNDS
15,845
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
32,022
TOTAL FUNDS
32,022
A current year 12 months and prior year 12 months combined position is as follows:
At 1/9/20
£
Unrestricted funds
General fund
15,845
TOTAL FUNDS
15,845		 Resources
Movement
expended
in funds
£
£
(119,005)
18,655
(119,005)
18,655
Net
movement
At
in funds
31/8/21
£
£
(2,130)
13,715
(2,130)
13,715
Resources
Movement
expended
in funds
£
£
(34,152)
(2,130)
(34,152)
(2,130)
Net
movement
At
in funds
31/8/22
£
£
16,525
32,370
16,525
32,370

continued...

Page 11

ASH SHIFA

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2022

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:

DRAFT
28/06/23 14:09
Incoming
resources
£
Unrestricted funds
General fund
169,682
TOTAL FUNDS
169,682
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.		 Resources
Movement
expended
in funds
£
£
(153,157)
16,525
(153,157)
16,525

10. RELATED PARTY DISCLOSURES

Page 12

ASH SHIFA

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2022

DRAFT
28/06/23 14:09
INCOME AND ENDOWMENTS
Donations and legacies
Gift aid donations
Other income
Sundry Receipts
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Computer Software
Purchases/Event Costs
Room Hire
Accountancy
Computer equipment
Bank charges
Total resources expended
Net income/(expenditure)		 2022
£
136,377
1,283
137,660
17,874
111
-
99,711
-
1,204
30
75
119,005
119,005
18,655		 2021
£
22,419
9,603
32,022
13,656
223
2,360
18,434
(2,012)
1,403
43
45
34,152
34,152
(2,130)

This page does not form part of the statutory financial statements

Page 13