Mapus-smith &Lemm2ft LIP Charlty r•gl•tralk>n nUm￿r 1123161 SADAT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 SADAT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trnstees Mr S Hussain MrA Hu$$ain Mr S Shah Chaiity number 11231S1 Princlpal addr• 25 Shaa Road Actijn London 7LW Ind•pendont •xwniner Mapus-smith & Lemmon LLP 23 London Road Downham Market Norfolk PE38 9BJ B•nk•r¥ Bardays B8nk L￿c8St0r LE87 2BB Solloliols Stone lfjtvJ LLP Boundary House 91 Charterhouse Street London EC1 M 8HR SADAT TRUST CONTENTS Pag• Twstses. report Independent 8xaminerfs rewt Stalernenl of financial actlvitie8 Balancè sheet Not88 to the finan￿al statements 6-10 SADAT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Tho In￿10@$ presanl thelrannual report and financaal ststements for the year ended 31 March 2023. The financial statements have besn p￿pa￿d in acoJTdanca Mlh the accounting poficies sel out in note 1 to the financ4al sialements and compty ¥￿th the charityslgoveming tJo¢umenll, the CharitJe5 Act 2011 and "Accounting and Reporting by Charibes.. Ststemenl of Racornmended Pracfjce appllcable to chariti85 preparing thek accounts in accordan￿ wrth the Financial Reporting Standard applicable in the UK and Republic of Iraland IFRS 102)" {eff9Ctfve 1 January 20191. ObJactlY•* and aclfvltl•s Thg cknaritys objects are.. To relieve poverty. olstress and financlal hardship for those in r￿ed. E$pecSaliy wldws and orphans. To relieve sickness and promotè good heallh induding. without hmhallon, by knpmmng standards of heathcare and hygigne. To advance educallon, induding by a$￿SlIng and supportir¥J young peopla so as io enatyg them lo skn(ty on recognised courses. To advance the rdigion of Islam. mainty. but ntsl exdu&vely. by SUFVOrtlThJ th8 constTUCtMM of new mosque6 and 1801ithe8 for Worship. The trustees have PgKI due regan1 to guidance issued by the Charity commi￿on In d￿ling what acti¥iti•$ the chth shoukl undertake. hl•v•m¢nts and porfomwnco The charrtvs fingnoial ￿￿￿119$ afe 8lknYn on page 4 ofthese financlgl staternents. The Iiuslees will continue lo use Ns fvnds lo fijrther th8 charity$ obie¢tTves. GNen the fl￿tual￿nS in donattons r9oelvgd, Ihe charfty r8tsln8 8uffi(ient knds to ensure conllnued 8UFI)ort lo the various bodies to wPK4n grants ar8 givèn. The Intstoes consider that these actMt19s. $ummarlsed above, woifjde benefrt both frjr Ih¢)se vtho wor8FMp at the nh)sques and to the community in gènar•l. Financial rnvi•w It is the poliry of the tharty thal unrgstrkted funds which have not been designated for a speclfic use should be malnlalned at a level equwalent to bèhyoen three and six month's èxpendibJr&. The trustees 0)nSid￿ that reserves al this18vel will ansure that, In the event of * significant drop in funding, they will be able lo continue the chaiity's ￿rTant aclnirfiès Wthi￿ ¢onsKl&ralion is given to ways In whlch addillonal funds may be raised. Thls level of reserves has boen mairrtained throughout Ihe year. The INstee8 have assessed the major risks to which the tharity is exposed, and arg satisfied that systems are in place to mibgate 8XP05ure lo the major risks. StnKturE. governanee and th¥n•g•m•nt The charity is constituied by a Deèd of T￿￿t dated 21 January 2(￿8 and is registered wmh the Charity Commission. r&3iStration 1123151. Thè trustees who 8erved during the year and up to the date of sognaiure ofthe finanrAal statements were: Mr S Hussain MrA Hu88ain Mr S Shah Tha power to appoint trust¥o$ rests wlth the Irusle8s. SADAT TRUST TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2023 The Iru$lg9s' report was opwoved by the Board of Trustees. Mr S Hu$￿1Th Trustee MIA Hui$•in Trustee Dated.. .4..l.:-. .l.2S SADAT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SADAT TRUST l report to the Iruslees on my exarrllnation of the financf81 ststements of Sadat Trust (the charmyl for the year •nded 31 Maith 2023. Rwpon8lbllltl68 and bas18 of rnport As the trustees of charity you a￿ responsible for the preparath)n of the )Inancial statements in a¢eordan¢e wrth Ihe requlrements of the Charib"esAd 2011 lthe 2011 Acti. I report in r68wI of my examination of the charivs fln8ndal statements (¥rrfed out under set￿On 145 of the 2011 Act. In carying out my 6xaminalion I have fdlowed 811 the applI(*b￿ Direct*)ns given by the Charity Commissicn under section 14515llbl of the 2011 Acl. Ind•p•nd¢nt •xaminttrf$ •tatsm?nt Yow attenlion is drawn to the fact that the charity has prepared financial statements in accordan¢g wlth AcLounts'ng and Reporting by Charitses prepadng their aC￿unts in acurdance wrth the Financial R&pO￿n9 Standard appllcable In the UK and RepuLll¢ of Ireland IFRS 102) in preferèncè to the Accounting and Repo￿"ng by Charittes.. Statement of Recommended PractK8 issuod on 1 April 21)05 whlch is referred lo in the exlanl regulations but has now been wllhdrawn. l Unde￿l￿d Ihat this has been done in ordor finanraal ststémènts to provjde a twe and fair view in a¢LX)rdanch ￿th Generally Accepted Accounling Pr¥clKe effective hr reporting periods beginning on or after 1 January 2015. I h¥v¥ completed my examination. I confirm that no matters have come to my attention in connection wlth the examinab.on gmng me Cause to beliève that wi any rnateri￿ respect.. unting records wère not kept in resk)ect of the ¢harrty as required by seL*ion 130 of the 2011 Aet., or the financial statements do r¥)t accord with those re(x>rd$" or the financial statements do not compfy with the apF4icable requir6ments conceming tho form and content of accounts set out in the Charit*s (Accounts and Reports) Regulations 2(M18 other than any requlrement th81 the a￿O￿nIS give a true and fair ￿eW Is not a mattar eonsidaréd as part of an independent examinalron. I have no conc8ms and have ¢om8 arX0￿ no other matters in connectKJn with the examination to whlch attention ShO￿d bo (trgwn Ni this rewt in order lo enable a prt¥Jer understanding of the finar￿￿￿ statsm*nl$ to r&ach8d. Paul F8ffow. F.CA. F.C.CA. M.AA.T. M8pusSmrfh & Lemmon LLP 23 LoThJon Road Downham Market Norfolk PE38 98J SADAT TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 funds 2023 funds 2022 Incom• from.. Donat*Jns and18gades 33.300 ndithrn on: Charrtable acbmlies 71,535 30.725 N•t l•xp•ndliur•Vlncame ft*1 th? yoarf Net movemont In funds (13.149) 2,575 Fund balan￿9 at 1 April 2022 77,102 74.527 Fund balance8 at 31 Mar¢h 2023 63.953 77,102 The Statement of financral aaivitie$ Indudes al gans 8nd losses recognisod in th& year. All incomè and expendibjre d8riv8 from continuing acliuib8$. SADAT TRUST BALANCE SHEET AS Af31 MARCH 2023 2023 2022 Current assots Cash at bank and in hand 83.953 77.102 N81 curronl assets 63,953 77,102 Income funds un￿$1￿Cted funds 77,102 63,953 77,102 The fin8naal statements wer& aFproved by the Tru6tees on.... ... MrSHus TnMts• MIA Hussain SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR ThIE YEAR ENDED 31 MARCH 2023 Accounlln9 poll¢lo• Charlty infomatio Sadat Trust is conslftut8d by a Deed of Trust dated 21 January 2008 and is wstwed wrlh th8 Charity Comm￿s1on, reglstralron 1123151. 1.1 Accoundng convontlon The finan&al statements have been prèpared in accordance with the chariws tgoveming documentl, the Charities Act 2011, FRS 102 Yha Financial Rwbng Standard appli(able In tha UK and Repubfic of Irèland. rFRS 1027 and the charit￿s SORP 'ALwunting and Reporting by Charities.. Statement of Racommanded Pro￿￿ applicable to charitle8 preparing their a(xounts in ac(xJrd8n¢e wnh the Fbnandèl Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. {*ffactive 1 January 2019). The Gharlty b a PUb￿C Benefft Entity a$ d&fined by FRS 11r2. The chartty ha$ taken athntag8 of tho Pro￿7$10￿5 in the SORP for chariues nol lo prepare a Statemgnt of Cash Flows. The ffinanclal statements hav• departed from th8 Chariti8s IAccoLml$ and Report51 Regulalions 2008 onty to the extent required lo provkJ8 a true and tsir wew. This d8p8rture has Invdved followng th& Stalernenl of Recornm8ndgd Praetitx for tharities apptying FRS 102 iattwr than the versKJn of the Stslem8nt of Recomrnended PraCt￿e whlth Is referred to in the Regubth'ons but which has sinc8 been wthdrawn. The finawal statements are PTepar8d in $terfing, whK* 15 the fijncllonal currency of the ¢harty. Monglary 8mounts In thes& finanual ststements we rounded to the nèarest £. The ljnandal Statements have been prepared under the historical convention. The principal ￿)Unting policies adopted are $81 out below. 12 Golng coftc•m Al the Ume of approving the financial statements, th8 truste&s have a reasonab￿ expectation that the tharity has adequate ￿$our¢e5 lo ¢ontinu& in cperational 0￿51&n￿ for the foreseeab￿ future. Thus the twstee5 C4)ntinuo to adopt the g)sts Indude t>)sts of the preparation aNJ eXamInat￿5n of the statutory accounts, the costs of trust88 maotings and cost of any lo trustees on governan￿ or ￿nstitutional matters. 1A Cash and cash •qulv•lents Cash and cash equivalents indude ¢ash in hand, deposits held at call with banks, other sh¢)rt-1gmi I￿Uld Investments with original maturfU88 of thr88 mcnlhs or less. and bank overdrafts. Bank overdrafts aro Shown thin borrowings in current liabilities. Basic financA￿ 88sel8, whic* inchjde debt￿3 and cagh bank bdances, are inih8ty measured al transaction price induding Iransactton costs an¢J are subsequenlty farried at amorfis8d ￿$t uslng the effectNe interest method unie38 the ar￿gernent constrtutes a ffin￿n￿ng transacthjn, where the transaction measured al the present value of tha fvture receipts discounted at a market rate of InteresL Flnancial assets dassified 88 re￿1vable wthin ono ygar a￿ not amortised. SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Accountlng poli¢i•¥ Icontlnued) Bas1¢ flnan￿*1fmblI1lIeS Basic financial liabilities, indutthng crfjdilo￿ and bank loans are inrtialty re¢c4Jni$ed al transactlon price unless Ihe arrangemonl constitutes a financing transaction. where the debt instrumant is maasurÈd at the present value of the fvture payments ¢Jlxounted at a rna￿et rate of interest. Finani?al liabilithes classified as payabje thin one year are mt amortiS8d. Debt nstruments are subsequenlty carried al amortised ￿51, using the effedNe interest r* method. Trade uedit￿3 are obligations to pay for goods or service5 that have been acquirad in the ordinary o)urse of operations Irom suppliers. Amounts Payab￿ are classified as current liabil￿e$ rf paymerrt is du8 Within one year ty less. If not, they ara presantad as non4urrent Iraknlibes. Trade cxedhors are recognised initia#y at trans￿10Th prrce and subsequ•nty measured al amortis8d o)st using tho eff¢¢tive interest method. D•r•cognltlon of fina￿1￿1 Ilabllldes Finanaal liabillUg$ are dgrecognised when the ¢tharity's o)ntr8clual obIlga￿on$ èxpire or ale dtscharyed c¢ caneelled. 1.7 Employ•• b•n¢fitss The cost of any unused holiday enlitl8ment is rgcognlsed the period in wfiith the empknyee's 8ervice8 *e Termination benefits are recognised immediatdy as an expense when the tharfty Is demon81rably committed to twminate the empkjyment ofan empJoye¢ or lo prowde teThnination b&n8fits. 1* Fund accounting polley Unrastridèd income fvnds are g•n8ral funds that are avalable for use * Ihg trustees, dWelon in fijrtherance of ts obje(*ives ofthe charity. Crilical acc