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2024-03-31-accounts

Trustees’ Annual Report for the period

From 1 April 2023 Period start date To 31 March 2024 Period end date

Charity name: FAIZAN E ISLAM EDUCATIONAL & CULTURAL TRUST

Charity registration number: 1098337

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document
Para 1.17 Education
Religious activities
Famine & Poverty Relief
Arts, cultural, heritage events
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Para 1.17 and
1.19
Classes for community (children,
women and men)
Religious activities
Community meetings
Cultural events
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
Para 1.18 Yes – 100% public benefit

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
Para 1.20 More educational classes for children
Increased workshops for community
Better community relations

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period
Para 1.21 Good financial control
Statement explaining the
policy for holding reserves
stating why they are held
Para 1.22 Reserves are held for charity use
Amount of reserves held Para 1.22 Reserves held are as agreed
Reasons for holding zero
reserves
Para 1.22 n/a
Details of fund materially in
deficit
Para 1.24 n/a
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23 n/a

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)

Para 1.25
Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
Para 1.25 Selection and elected

to appoint one or more trustees

Reference and Administrative details

Charity name FAIZAN E ISLAM EDUCATIONAL & CULTURAL CENTRE
Other name the charity uses
Registered charity number 1098337
Charity’s principal address 229 Ayres Road
Manchester
M16 9LR

Names of the charity trustees who manage the charity

1
2
3
Trustee name Office (if any) Dates acted if not for
**whole year **
Name of person (or body) entitled
to appoint trustee (ifany)
GHULAM RABBANI CHAIR
SHEHZADI-UM-KALSOOM SYED
SYED MOHAMMED AFZAL

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) G RABBANI Full name(s) GHULAM RABBANI Position (eg Secretary, CHAIR Chair, etc) Date 18/01/2025

~~_——~~ ~~_——~~ ~~_——~~
FAIZAN E ISLAM EDUCATIONAL & CULTRUAL
TRUST
~~_——~~
Charity No
(ifany)
1098337
Annualaccountsforthe period
~~_——~~
Period start date
~~_——~~
01/04/2023
~~_——~~
To Period end
date
31/03/2024

Section A Statement of financial activities

Guidance Notes
Recommended categories by
activity
Guidance Notes Unrestricted
funds
Unrestricted
Restricted
income
funds
Endowment
funds
Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 427,689 - - 427,689 352,680
Other S06 7,500 - - 7,500 10,000
Total S07 435,189 - - 435,189 362,680
Resources expended (Note 6)
Expenditure on:
Charitable activities S09 321,036 - - 321,036 267,162
Total S12 321,036 - - 321,036 267,162
Net income/(expenditure) before investment
gains/(losses) S13 114,153 - - 114,153 95,518
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 114,153 - - 114,153 95,518
Transfers between funds S17 - - - - -
Net movement in funds S20 114,153 - - 114,153 95,518
Reconciliation of funds:
Total funds brought forward S21 331,878 - - 331,878 236,360
Total funds carried forward S22 446,031 - - 446,031 331,878

1

Section B Balance sheet

Fixed assets
Tangible assets (Note 14)
Total fixed assets
Current assets
Cash at bank and in hand (Note 24)
Total current assets
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 20)
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
Total funds
Signed by one or two trustees on behalf of all
the trustees
Guidance Notes
B02
B05
B09
B10
B12
B13
B14
B16
B19
B21
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
£
£
£
£
F01
F02
F03
F04
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
£
£
£
£
F01
F02
F03
F04
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
£
£
£
£
F01
F02
F03
F04
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
£
£
£
£
F01
F02
F03
F04
Total last
year
£
F05
932,000 - - 932,000 932,000
932,000 - - 932,000 932,000
446,031 - - 446,031 331,878
446,031 - - 446,031 331,878
446,031 - - 446,031 331,878
1,378,031 - - 1,378,031 1,263,878
542,442 - - 542,442 604,106
835,589 - - 835,589 659,772
446,031 - 446,031 331,878
446,031 - - 446,031 331,878
Signature Print Name Date of
approval
dd/mm/yyyy
G RABBANI G RABBANI 18/01/2025

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2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.*

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

Yes* ✓

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes* ✓

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes* ✓

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Income from interest
This is included in the accounts when receipt is probable and the amount receivable
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
2.4 ASSETS
Intangible fixed assets
Heritage assets
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Investment gains and
losses
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a

~~Yes~~
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations
and legacies:
Donations and gifts
427,689 - - 427,689 352,680
Other
7,500 - - 7,500 10,000
Total 435,189 - - 435,189 362,680
Charitable
activities:
321,036 - - 321,036 267,162
Total 321,036 - - 321,036 267,162
114,153- -114,153 95,518
Other information:
All income in the prior year was unrestricted

Analysis
TOTAL INCOME
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£

Analysis
Donations and gifts 427,689 - - 427,689 352,680
Other 7,500 - - 7,500 10,000
Total 435,189 - - 435,189 362,680
321,036 - - 321,036 267,162
321,036 - - 321,036 267,162
114,153 - - 114,153 95,518
All income in the prior year was unrestricted

==> picture [230 x 38] intentionally omitted <==

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Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 1
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
This year
£
Description
This year
£
Description
This year
£
Description
Govt grant 7,500
Total
Description
7,500
Last year
£
Govt grant 10,000
Total 10,000
This year
Last year
10,000
N/A N/A

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Section C Notes to the accounts (cont)

Analysis
Expenditure on raising funds:
Note 6 Analysis of
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
expenditure
This year
Last year
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Charitable expenditure 321,036 - - 321,036 267,162 - - 267,162
Total expenditure on charitable
activities
321,036 - - 321,036 267,162 - - 267,162
TOTAL EXPENDITURE
321,036 - - 321,036 267,162 - - 267,162

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner

Independent examiner’s fees
Assurance services other than audit or independent examination
Tax advisory fees
This year
£
Last year
£
- -
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
This year:
Salaries and wages
Total staff costs
This year
£
Last year
£
68,450 55,255
68,450 55,255

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
TRUE

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11.2 Average head count in the year

This year
Number
Last year
Number
Employees 11 11
Total 11 11

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

At the beginning of the year
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
14.3 Net book value
Freehold land &
buildings
£
Other land &
buildings
£
Plant,
machinery
and motor
vehicles
£
Fixtures, fittings
and equipment
£
Total
£
932,000 - - - 932,000
932,000 - - - 932,000
932,000 - - - 932,000
932,000 - - - 932,000

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.1 Analysis of creditors
Bank loans and overdrafts
Total
Amounts falling due within
oneyear

Amounts falling due after
more than oneyear
This year
£
Last year
£
This year
£
Last year
£
- - 542,442 604,106
- - 542,442 604,106

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Cash at bank and on hand
Total
This year
£
Last year
£
446,031 331,878
446,031 331,878

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)
Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution
Redundancy
(including
loss of
office)/ex
~~gratia~~
Other TOTAL
£ £ £ £ £
G RABBANI TRUST DEED 8,125 - - - 8,125
Please give details of why remuneration or other
employment benefits were paid.
G RABBANI IS EMPLOYED AS CHIEF IMAM

Last year

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)
Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other TOTAL
£ £ £ £
G RABBANI TRUST DEED 9,000 - - - 9,000
Please give details of why remuneration or other
employment benefits were paid.
G RABBANI IS EMPLOYED AS CHIEF IMAM

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

==> picture [22 x 7] intentionally omitted <==

----- Start of picture text -----
TRUE
----- End of picture text -----

28.3 Transaction(s) with related parties

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Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False) TRUE

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TRUE

Last year

There have been no related party transactions in the reporting period (True or False)

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
Charity Name
FAIZAN E ISLAM EDUCATIONAL & CULTURAL TRUST
FAIZAN E ISLAM EDUCATIONAL & CULTURAL TRUST FAIZAN E ISLAM EDUCATIONAL & CULTURAL TRUST FAIZAN E ISLAM EDUCATIONAL & CULTURAL TRUST
On accounts for the year 31 MARCH 2024 Charity no 1098337
ended (if any)
Set out on pages 1-18
(remember to include the page numbers of additional sheets) (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 which gives 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 order to enable a proper understanding of the accounts to be reached.

|Signed:
Name:|Signed:M S JAMIL
Date:18/01/2025
Name:Muhammed Suhil Jamil
~~Po~~
~~[|~~
~~PO~~|Signed:M S JAMIL
Date:18/01/2025
Name:Muhammed Suhil Jamil
~~Po~~
~~[|~~
~~PO~~| |---|---|---| |Relevant professional|Relevant professional
ACCA|| |qualification(s) or body|qualification(s) or body|| |(if any):|(if any):|| |Address:|Address:103 Washway Road, Sale, M33 7TY
~~Co~~||

October 2018

1

IER