Charity Registration number 1125900 The Sunnah Foundation Annual Report and Financial Statements for the Year Ended 31 March 2024
The Sunnah Foundation Contents of Annual Report and Finanical Statements Page(s) Reference and Adminisrative Details Trustees, Report 2to4 Independent exam inels report Statement of financial activities Balance Sheet Notes to the financial statements 8t010
The Sunnah Foundation Reference and Administrative Details Charity name The Sunnah Foundation Charity registration number 1125900 Correspondence address 1 9121 Hatchett Street Hockley Birmingham 8193NX Trustees T Hussain G Nawaz M Asghar Bankers TSB Bank 538 Stratford Road Sparkhill Bimingham 8114BD Independent Examiner T&W Accounts Ltd 19121 Hatchett Street Hockley Birmingham 819 3NX
The Sunnah Foundation Trustees. Report The Trustees present their annual report logelher with Ihe unaudited financial statsments of The Sunnah Foundation (the charity for the year ended 31 March 2024). The Trustees confim that the annual report and financial statements of Ihe charity compty wilh the current statutory requirements. the Tequirements of the charity's goveming document and the provisions of the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities" issued in March 2005. structur•, Governance and Management Governin document The Sunnah Foundation ( the charity ) is a Charitable Trust that was formed at a meeting of the Trustees in January 2005. The charity 15 governed by its Trust Deed dated 2nd August 2008 and was registered with the Charity commission on 16th September 2008. Method of a ointment and induction of new Trustees New Trustees are appointed at the Annual General Meeting and are briefed on their legal obligations under charity law, the content of the charity's constitulion, and its recent performance. Or anisational structure and decision makin The board of Turstees oversee Ihe running of the charity on a day to day basis. All operational decisions are made at board meetings which are held frequently throughout the year. Rlsk mana ement The Trustees have assessed the major risks to which the charity 15 exposed and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Objectives and Actlvltles Summary of ob'ectives To advance the Islamic faith for the public benefit as the Trustees may think fil. To relive sickness and financial hardship and to promote and preserve good health by the provision of fund5. goods or services of any kind. including through the provision of counselling and support. To advance education for the public benefit To engage in general charitable activities
The Sunnah Foundation Trustees. Report Activities for achievin ectives 1 At the charities centre in East Birmingham, we have had a very busy year. With lectures going on thought out the year which are open for the public. as well as Arabic Classes for adults and Qur'anic classes. 2 During Ramadan which is the most busy month for the centre. Iftar meals were provided to the public for all those who open their fast at the centre, as well having the evening prayers and 2 lecture everyday during Ramadan. A grand Iftar was also held at the centre in conjunction with our local church, were the fast was opened at the centre and then a grand meal was organised at Hodge Hill Church open to all the public, it was a nice event where people learned about Ramadan and how Muslims fast, as well bringing people together. 3 Our Eid prayers went really well, communities came together to celebrate Eid and the centre held three services on both Eid's. 4 Building works at OUT new building have been ongoing. which the charity obtained in July 2016 and in January 2018 the charity was successful in getting planning permission for the use from Social Club (Class D2) to Mixed Community and a place of worship use (Class D11. With a focus on improving the security of the building, as well as other remedial works that needed to be done and some upgrading of intercoms etc. Phase 5 of the building works is almost complete, which were hoping will come to end by the end of 2024. 5 The trustees are happy with progress of the charity and feel that the charity is on the right track moving ahead into the future. Public benefit The Trustees frequently review the objectives and activities of the charity to ensure that they provide an overall benefit to the public. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit.
The Sunnah Foundation Trustees, Report Financial Review Reserves olic The charity's reserve policy is to build a sufficient level of reserves to enable the trustees to enable the charity to continue its operations. Princi le fundin During the year the year the charity raised a total of £149.950 in voluntary donations before charitable expenditure. The Trustee's would like to thank all the donors for there generous support. Plans for the Future The charity's plans for the future are to continue raising funds to support it's aims and objective5. Statement of Trustees, R•sponsibilities Charity law requires the trustees to prepare financial statements for each financial year which show true and fair view of the slate of affair5 of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., make judgesments and estimates that are reasonable and prudent; slate whether applicable accounting standards and statements of recommended praclice have been followed, subject to any departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existance. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and to enable them to ensure that the financial statements comply with the charities Act 2011. They are also responsible for safeguarding the assets if the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 14 January 2025 and signed on their behalf by: T Hussain Trustee M Asghar Trustee
Independent Examiner's Report to the Trustees of The Sunnah Foundation I report on the accounts of the Trust for the year ended 31 March 2024, which are set out on pages 6 to 10. Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit 15 not required for this year under section 144 of the Charities Act 2011 and Ihat an independent examination is needed. It is my responsibility to: 1) examine the accounts under section 145 of the Charities Act, 2) follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and 3) state whether particular matters have come to my attention. Basis of independent examlnof s report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination include5 a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The PrOdUreS undertaken do not provide all Ihe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present true and fair view, and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with my examination. no matter has come to my attention.. 1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act, to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. T&W Accounts Ltd 14 January 2025 19-21 Hatchett Street Birmingham. B19 3NX
The Sunnah Foundation Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted Total Funds Total Funds Funds 2024 2023 Note Incomlng resources Incoming resources from generated funds Donation5 Total incoming resources 142,906 142,906 142,9( 142,906 123,707 123,707 Resources expended Governance cost5 Ramadan expenditure Post and stationery Heat and light Telephone & internet Council tax Ground rent Water rales Wages and salary Insurance Repairs & renewals Total resources expended 750 4.330 23 6,828 535 750 4,330 23 6,828 535 750 5,204 105 4,154 330 704 3,800 485 22.313 2,685 1,900 42.431 3.800 771 21,740 2,800 3,800 771 21,740 2,800 41,578 41,578 Net movement of funds 101,328 101,328 81,276 Reconciliation of fund5 Total funds brought forward Total funds carried forward 1,016,490 1,117,818 1,016,490 1,117,818 935,214 1,01S,490 All incoming resources and resources expended dertve from continuing activities. The charity has recognised no gains or losses for the year other than the results above. The notes on pages 8 and 10 form an integral part of these financial statements
The Sunnah Foundation Balance Sheet as at 31 March 2024 2024 2024 2023 2023 Note Tangible Fixed Assets Leasehold propety 600,425 594,577 600,425 594,577 Current Assets Cash at bank 519,302 519,302 422,827 422,827 Credltors: Amounts falling due withln one year 1,909 914 Net Current Assets 517,393 421,913 Not Assets 1,117,818 1,016,490 The funds of the charity: Unrestricted Funds Unrestricted income funds 1,117,818 1,016,490 Total Charity Funds 1,117,818 1,016,490 Approved by the Board on 14 January 2025 and signed on its behalf by". T Hussain Trustee M Asghar Trustee
The Sunnah Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 1) Accounting policies Basls of preparatlon The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005), issued in March 2005, applicable accounting standards and the charitites Act 2011. Change of accounting basis As a result of adopting the accruels accounting basis during the year, the comparitive figures for the prior period have been restated. Fund accountancy policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Incoming resources Donations are recognised where there is entitelement, certainty of receipt and the amount can be measured with sufficient reliability. Resources expended Liabilities are recognised as soon as ther is a legal or eontructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified uncer headings that aggregate all costs related to the category. Costs of generating funds are the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes bolh costs that can be allocated directly to such activities and those cost of an indirect nature necessary to support Ihem. Governance costs Governance costs include costs of the preapration and examination of the statutory accounts, the ost5 of trustee meeting5 and the cost of any legal advise to trustees on govemance or constitutional matters, Support costs Support costs include Gental functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property cost by ftoor areas, or per capita, staff costs by the time spent and other costs by their usage.
The Sunnah Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 .continued 2) Governance costs Unrestriced Total Funds Total Funds Funds 2024 2023 Accountancy cost DBSIDBA cost 750 750 750 750 750 750 3) Trustees. remuneration and expenses No trustees received any rem uneration during the year. 4) Loasehold property 2024 2023 Cost - bought forward Leasehold propety Legal fee's - planning & building application etc Enhancement Net book value as at 31 March 2024 594,577 581,615 5,849 600,425 12,962 594,577 5) Creditors: amounts falling due within on6 year 2024 2023 Social security and other tax BCC Rates Accruals and deferred income 209 950 750 1,909 164 750 914 6) Related parties Controlling entity The charity is controlled by the trustees.
The Sunnah Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 .continued 7) Analysis of funds At 1 April 2023 Incoming resources Resources At 31 March exp8nd8d 2024 General Funds Unrestricted income fund 1,016,490 142,906 41.578 1.117,818 10