Mapus-smith & Lem Chèrtered Accountants Charity registration number 1123151 SADAT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SADAT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S Hussain Mr S Shah MrA Hussain Charity registration England and Wales 1123151 Principal address 25 Shaa Road Acton London W3 7LW Independent examiner Mapus-smith & Lemmon LLP 30 Old Market Wisbech Cambridgeshire PE13 1NB Bankers Barclays Bank Leicester LE87 2BB Solicitors Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HR SADAT TRUST CONTENTS Page TnJstees' report Independent examineffs report Statement of financial activities Balance sheet Notes to the financial statements 6-10 SADAT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". Objectives and activities The charity's objects are: To relieve povety, distress and financial hardship for Ihose in need. Especially widows and orphans. To relieve sickness and promote good health including, without limitation, by improving standards of healthcare and hygiene. To advance education, including by assisting and supporting young people so as to enable them to study on recognised courses. To advance the religion of Islam, mainly, but not exdusively. by supporting the construction of new mosques and facilities for worship. The Iruslees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance The charity's financial activities are shown on page 4 of these financial statements. The trustees will continue to use its funds to further the charity's objectives. Given the flucluations in donations received, the charity retains sufficient funds to ensure continued support to the various bodies to whom grants are given. The trustees consider that these activities, summarised above, provide benefit both for those who worship at the mosques and to the wider community in general. Financial review It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the charity's current aGlivities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity is exEX)sed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is constituted by a Deed of Trust dated 21 January 2008 and is registered with the Charity Commission. registration 1123151. The trustees who seNed during the year and up to the date of signature of the financial statements were: Mr S Hussain Mr S Shah MrA Hussain The power to appoint new trustees rests with the trustees. SADAT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees. report was approved by the Board of Trustees. S dw H(M3aub Mr S Hussain Trustee Dated: 1010312026 MrA Hussain Trustee Dated:..1Ql.Q.31202fi... . SADAT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SADAT TRUST I report to the trustees on my examination of the financial statements of Sadat Trust (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51(b} of the Charities Act 2011. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance wilh the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me Cause to believe that in any material respect= accounting records were not kept in respecl of the charity as required by section 130 of the Charilies Act 2011. the financial statements do not accord with those records" or the financial statements do not comply with the applicable requirements conceming the form and content of financial statements set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the financial statements give a tnje 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 finanGial statements to be reached. Helen Peak, F.C.C.A. Mapus-smith & Lemmon LLP 30 Old Market Wisbech Cambridgeshire PE13 1NB Dated: 1110312026 SADAT TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income from: Donations and legacies 35,500 33,950 Total income 35,500 33,950 Expenditure on: Charitable activities 9,706 33,346 Total expenditure 9,706 33,346 Nel income and movement in funds 25,794 604 Reconciliation of funds: Fund balances at 1 April 2024 64,557 63,953 Fund balances at 31 March 2025 90,351 64,557 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Gontinuing activities. SADAT TRUST BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Current assets Cash at bank and in hand 90,351 64,557 Net current assets 90,351 64,557 The funds of the charity Unrestricted funds 10 90,351 64,557 90,351 64,557 The financial statements were approved by the trustees on 1010312026 Mr S Hussain Trustee MrA Hussain Trustee SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Sadat Trust is constituted by a Deed of Trust dated 21 January 2008 and is registered with the Charity Commission. registration 1123151. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document. the Charities Act 2011, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Ststement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Slatement of Recommended Practice for charilies applying FRS 102 rather than the version of the Statement of Recommended Practi￿ which is referred to in the Regulations but which has Sin￿ been withdrawn. The financial statements are prepared in steding. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectstion that the charity has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial stalements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific (x)nditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity- 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be re￿ived. Cash donations are recognised on re￿ipl. Other donations are rec()gnised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third parly, il 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared Gosts, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Gharges are allocated on the portion of the asset's use. Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Grants payable are payments made to third parties in the fvrtherance of charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or outpul lo be provided, such grants. are only recognised in the SOFA once the recipient of the grant has provided the specific service or output. Grants payable without perfomiance conditions are only recognised in the accounts when a commitmenl has been made and there are no conditions to be met relating to the grant which remain ion the control of the charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Govemance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on govemance or constitutional matters. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrent liabilities. Basic financial assets Basic financial assets. which include debtors and cash and bank balan￿s, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangement constitutes a financing transaction. where the debl instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as nOn-cU￿enI liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.8 Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimales are recognised in the period in which Ihe estimate is revised where the revision affects only Ihat period. or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 35,500 33,950 SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Grant Other costs fijnding 2025 Total 2025 Total 2024 2025 Ramzan - food and drink Grants to individuals Education support EID celebration committee 1,136 4,033 1,299 524 1,136 4,033 1,299 524 764 27,351 4,432 480 6,992 6,992 33,027 Share of govemance costs (see note 5) 2,714 2,714 319 6,992 2,714 9,706 33,346 Support costs allocated to activities 2025 2024 Basis of allocation Govemance costs 2,714 319 Analysed between: Charitable activities 2,714 319 2025 2024 Governance costs comprise: Bank charges Exchange difference 15 2,699 15 304 2,714 319 Nel movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting): Fees payable for the independent examination of the charity's financial stalemenls Trustees None of the trustees {or any persons connected with them) re￿iVed any remuneration or benefits from the charity during the year. SADAT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from taxation on rts activities because all its income is applied for charitable purposes. 10 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 General funds 64,557 35,500 {9,706) 90,351 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 63.953 33,950 (33,346) 64,557 11 Related party transactions There were no disclosable related party transactions during the year (2024 - none}. 10-