REGISTERED CHARITY NUMBER: 1096585 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 for ASH SFttFA SKM Cbartered Accountants Pegasus House 5 Winckley Court Mount Street Presion Lanca5hire PRI 8BU
ASH SHtFA Contents of the Finaneial Statements FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet LNotes to the Fillallcial Statements Detailed Statement of Financial Activities 12
ASH SHtFA Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2024 The trnstees present their report with the financial stalements of the charity for the year ended 31 August 2024. The tnJst¢cs havc adopt¢d th¢ provisions of Accounting and Rq)otting by Chariti¢S: Stat¢m¢nt of Rccomm¢nd¢d Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims l. 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 relionS and eibm"c backgrounds. 3. To help young people dei'elop their physical, mental. spiritual and moral capacities so they mature as individuals with opportunilies to excel in sociery. Volunteers We are fortunate to have the support of many dedicated volunteers ivho generously conlribule their lime-particularly during evenings and weekends'_lo assist in the smooth running and continuous improvement of our chdrity's operdtions. We are deeply grateful for their unwavering committnent and Traluable contributions. ACHtEVEhtENT AiYD PERFORMANCE Main aetivities OTr'er this yeaT we were engaged in the following activities- Seminars Throughout the year, we organised numerous seminars covering a wide range of Islamic topics. These events were open to the entire communit! and consistently attracted large audiences. The seminars were designed to educate attendees on specific aspects of the faith, encouraging engagement througb open dialogue and questions. Topics were carefully selected to reflect both traditional teachings and contemporary issues, offering clarity and relevance to modern-day challenges. Traditional Poetry As part of our efforts to diversify our offerings, we hosted events centred on Islamic poety, singing, and praise. These artistic expressions of faith provided a more relaxed and culturally rich environment for engagement, appealing to participants of 211 ag¢s and backgrounds. By moving b¢yond kcadcmic instruction. th¢sc cvcnts hi]11ght¢d th¢ spiritual and emotional din]ensions of Islamic Iradition. Visits to Islamic Religious Sites We aim to organise at least one annual trip for Sllents to visit significant Islamic religious sites. These educational excursions are intended to deepen sdents. understanding of Islamic history and enhance classroom learning through ¢xp¢ricntial ¢ngag¢mcnt. Dcstinalions includ¢ historic mosqu¢s, shrincs. palac¢s. and other culturally signifi¢&nt locations, helping to spark curiosity and foster a slronger connection to Islamic heritage. Umrah (Pilgrimage) We arrange group trips to perfomi Umrah, the "lesser" pilgrimage, which comprises four essential rites conducted within the precinct of Masjid al-Haram in Makkah, Saudi Arabia. Unlike Hajj, Umrah can be perfornied at any time of the year. Thc%c joumcyq arc designed to supp)rt participants in dci'eloping a deepcr spiritual connection. Each trip also includes a brief stay in Madinah: further enriching the spiritual experience. Retreats We offer religious retredts, t[CallY lasting between five to seN'en days, focused on both spiritual enrichment and academic development. These retreats proN'ide participants with an opportuniry to step away from dail}, distractions and immcrsc themsclvcs in Islamic learning and reflcction. To ensurc accessibility, somc rctrcats arc held locally whilc other5 take place fvrther afield. We also strive to offer a diverse range of teaching styles by involving scholars from various backgrounds. Page I
ASH SHtFA Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2024 FINANCIAL REVIEW Rc5crvc5 polic). The General fund represents funds arising from past operating results. The trustees are satisfied that the balance of the fund will cnable the charity to mecl its objcctivcs and will bc able to look into possible other venucs in rcgards to possible permanent replacernent preTnise5. The trustees hae also examined the requiremeT]t to maintain reseTh'es for the on going work of the charity and concluded that the most appropriate leTrel is between 3 to 6 months of operational expenditure. 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 TnleeS are required to: select suitable accounting policies and apply them consistently- make judgements and estimates that are reasonable and prudent: prepare ihe financial statements on a going concern basis. unless il is inappropriate lo presume that the charity will continue in operntiun. The Trustees are responsible for keeping accounting records. which disclose with rOnable accuracy at any time the financial position of the charity and to cnable them lo cnsurc thai the financial statements coinply with applicablc law, regulations and trust deed. They are also responsible for safeguardiT]g 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 funher projects ivhich will help us lo fulfil OUT aims and objectives. STRUCTURE, GOVERNANCE AND MANAGEMENf Governing document Ash-shifa Trust is constituted under a Trnst Deed adopied 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 Thc charity is managcd by th¢ trustccs. Thc d¢tails of th¢ cumt trtt¢¢$ arc klow: S.Hussain {General Secretary) - Resigned 01105124 N.R&%hid (Chain) A.Ahmed The appointment of trustees is governed by the lrnst deed. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1096585 Principal addrcss 12 Country Mew's Blackburn Lanca5hire BB2 7FJ Trustees S Hussain {reS1Cd 115124) N Rashid A Ahmed Page 2
ASH SHtFA Report of the Trustees FOR THE YEAR ENDED 31 AUGUST 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Exatniner SKM Chartered Accountants Pcgasus House 5 Winckley Court Mount Street Preston Lan¢ashir¢ PRI 8BU Approved by order of the board of trusiees on 20 May 2025 ld signed on its behalf by: N Rashid - Trustee Page 3
Independent Examiner's Report to the Trnstees of Ash Shifa Independent examiner's report to the trustees of Ash Shifa report to the charity trustees on my examination of the accounts of Ash Shifa (the Tt) for the year ended 31 August 2024. Rc5ponsibiiitie5 and basis of report As the charity trustees of the Trust you are reswnsible for the preparation of ihe accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Chariry Commission under Section 145(5){b) of thc Act. Independent examiner's statement I have completed My examination. I confiTm that no material matter5 have come to Tny attention in connection with the examination giving me cause to believe that in any nuterial respect: accounting records wcre not kcpt in respect of thc Trust &s requircd by Section 130 of thc Act; or the accounts do not accord with those record5; or 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 reqiiirement that the accounts give a tru¢ and fair vicw which is not a m2tt¢r considcT¢d as part of an ind¢pcnd¢nt cxamination. I have no concerns and haN'e come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounis to be reached. Shamim Mahomed SKM Chartcrcd Accountants PegJasus House 5 Winckley Court Mount Street Prcston Lancashire PRI 8BU 20 May 2025 Page 4
ASH SHtFA Statement ofFinancial Actii'ities FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Total fijnds Unrestricted fund Restrtcted funds Not¢s INCOME AND ENDOWMEIYTS FROM Donations and legaLies 51.692 51,692 136,439 EXPENDITURE ON Charitable activities Proiwision of Services Management & Administration 66.780 1.081 66,780 1.081 123.908 1,842 Totsl 67.861 67,861 125.750 NET tNCOME/IEXPENDITURE) (16,169) (16.169) 10,689 RECOLNCILL4TIOLN OF FUNDS Total funds brought forward 43.059 43,059 32,370 TOTAL FUNDS CARRIED FORWARD 26.890 26.890 43,059 The notes fonn part of these financial statements Pagc 5
ASH SHtFA Balance Sheet 31 ALIGLST 21124 2024 Total funds 2023 Total fijnds Unrestricted fund Restrtcted funds Not¢s FIXED ASSETS Tangible assets 35 35 50 CURRENT ASSETS Dcbiors Cash at bank and in hand 6,820 21.302 6,820 21,302 23,949 20,138 28.122 28,122 44,087 CREDITORS Amounts falling duc w'ithin one ycar (1.267) (1,267) {1,078) NET CURRENT ASSETS 26,855 26,855 43,009 TOTAL ASSETS LESS CURRENT LIABILITIES 26.890 26,890 43,059 NET ASSETS 26,890 26,890 43,059 FUNDS Unrestricted funds 26,890 43,059 TOTAL FUNDS 26,890 43,059 The fmancial statements were approved by the Board of Trusiees and auiborised for issue on 20 May 2025 and were signed on its behalf by.. N Rashid - Trustee The notes fonn part of these financial statements Pagc 6
ASH SHtFA Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statcmcnts of the charity. which is a public benefit entity under FRS 102, havc bccn prcpared in accoTdance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their acunt5 in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102} (effective l January 2019),, Financial R¢porting Standard 102 'Th¢ Financial Rcporting Standaid applicablc in th¢ UK 2nd Rcpublic of Ireland, and the Charitie5 Act 2011. The fmancial 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 nds, it is probablc that the income will bc Icccived 2nd the amount can bc measurcd reliably. Expenditure Liabilitie5 are reLogni5ed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a Iransfer 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 bccn classified under hcadings that aggrcgatc all cost rclatcd to thc catcgory. W)erc costs cannot bc dircctly 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 allocalcd, to thc charity's projccls or lo fund-raising. Tangible r]xed assets Depreciation is provided at the following annu21 rntes in order to write off each asset over its estimafrd useful life. Computer equipment 30 /0 on reducing balance Taxation Thc charity is ¢x¢mpt from lax on its charitabl¢ activiti¢S. Fund aeeounting General Funds General Funds are unrestricted funds which are available for use at the discretion of the tnlstees in furtherance of th¢ g¢n¢ral objcclii'cs of th¢ charity 2nd Th'hich hav¢ not bn dcsignatcd for othcr purpos¢s. Designated Funds Designated ndS COTnprise unrestricted fund5 that have been set aside by the tnjstees for particular purposes. The aim and use of each designaled 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 th¢ Charity for particular purpows. Th¢ Cost of raising and administrating such funds arc charg¢d against thc specific fiuld. The aim and use of each restricted fid is set out in the notes to fmaThcial statements. Endowment Funds Endowment Funds represent those assets: which must be held pernianently by the charity, principally investments. Income arising from end0.Men1 funds can be used in accordance with the objects of the charity and is includcd as unrcstrictcd income. Any capital gains or losscs arising on the invcstmcnL8 form part of the fund. Investment management charges and legal advice relating to the nd are charged against part of the nd. Page 7 continued...
ASH SHtFA Ilotes to the Finaneial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024 DONATIONS AND LEGACIES 2024 2023 Gift aid donations 51,692 136.439 CHARITABLE ACTMTIES COSTS TOTAL RESOURCES EXPENDED Gcncrati PtovisioD Support Costs Managcmcnt & Administration Funds Scrviccs Totsl 2024 I'otal 2023 Pwchases Rates & Water Insurancc Lit & Hcat Wagcs & Social Sccurity Pensions Telephone Postage & Stationery Computer Software Repairs & Renewals Room Hire Independent Examiners Fee Legal & Professional Travel & Subsistcnc¢ Motor Expcnscs Clcaning Training Costs sUontraCtOrs Consuliancy Depreciation Loss on sale of tangible fed assets Sundry Expenses Bank Charges 49,775 49,775 104,151 16.991 16,991 19,607 .080 1,080 840 13 15 21 130 66.779 1.081 67.861 125,750 Page 8 continued...
ASH SHtFA Ilotes to the Finaneial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 DOT for the year ended 31 August 2023. Trustees, expenses Th¢rc w¢rc no 31 August 2023. trust¢¢s' Cxp¢n paid for th¢ ycar cndcd 31 August 2024 nor for th¢ ycar cndcd COMPAIL4TtVES FOR THE STATEMENT OF FINANCIAL ACTtvtTIES Unrestricted fund Restricted funds Total funds lINCOLlE AND ENDOWMENTS FROM Donations and legacies 136,439 136,439 EXPENDITURE ON Charitable aCtitieS I0.110n of Services Managernent & Administration 123,908 1,842 123,908 1,842 Total 125.750 125,750 NET INCOME 10,689 10,689 RECOLNCILIATION OF FUNDS Total funds brought fonvard 32.370 32,370 TOTAL FUNDS CARIUED FORWARD 43,059 43,059 TANGIBLE FIXED ASSETS ComputeT equipment COST At I September 2023 and 31 August 2024 805 DEPRECIATION At I September 2023 Chargc for year 755 15 At 31 August 2024 770 INET BOOK VALUE At 31 August 2024 35 At 31 August 2023 50 Page 9 continued...
ASH SHtFA Ilotes to the Finaneial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024 DEBTORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR 2024 2023 Tax reclairn 6,820 23,949 CREDITORS: AMOUNTS FALLING DUE MITHIN ONE YEAR 2024 2023 Trade Creditors Social security and other laxes Accrued expenses 306 960 238 840 1,267 1,078 MOVEMENT IN FUNDS Net movement in funds At 3118124 At 119123 Unrestricted funds General fLmd 43,059 {16,169) 26,890 TOTAL FUNDS 43,059 {16,169) 26,890 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General tund 51,692 {67,861) (16.169) TOTAL FUNDS 51,692 {67,861) (16,169) Comparativc5 for movement in funds Nel movement in fimds At 3118123 At 119122 Unrestricted funds General fund 32,370 10,689 43,059 TOTAL FUNDS 32,370 10,689 43,059 Page 10 continued...
ASH SHtFA Ilotes to the Finaneial Statements - continued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 136,439 (125,750) 10,689 TOTAL FUNDS 136,439 (125,750) 10,689 A cutTent year 12 month5 and prior year 12 months combined position is as follows.. Nel moven]ent in ndS At 3118124 At 119122 Unrestricted funds General fund 32,370 (5,480) 26,890 TOTAL FUNDS 32,370 (5,480) 26,890 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General tund 188,131 (193,611) (5,480) TOTAL FUNDS 188,131 (193,611) {5,480) io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Pagell
ASH SHtFA DetaiIed Statement ol Financial Activities FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 ILYCOME ALND ELNDOWMEINTS Donations and legaeies Gift aid donations 51,692 136,439 Total incoming resourccs 51,692 136,439 EXPENDITURE Charitablc activitic5 Wages Purchases/Event Costs Accountancy Consultancy Computer equipment Bank chargcs 16,991 49,775 1,080 19,607 104,152 840 1,000 21 130 15 67,861 125,750 Total Tesources expended 67,861 125,750 Net (expenditure)/income (16,169) 10,689 This page d(5 not forni part of the stathtory financial statements Page 12