SALAAM EDUCATION SERVICES
Company No. 7069817
Financial Statements For the year ended 30 November 2024
aab Accountants Limited 72 South View Drive London E18 1NS.
SALAAM EDUCATION SERVICES
ANNUAL REPORT
FOR THE YEAR ENDING 30 NOVEMBER 2024
CONTENTS
| DIRECTORS'/TRUSTEES' REPORT | PAGE 1 - 2 |
|---|---|
| BALANCE SHEET | PAGE 3 |
| STATEMENT OF FINANCIAL ACTIVITIES | PAGE 4 |
| NOTES TO THE FINANCIAL STATEMENTS | PAGE 5 - 6 |
| INDEPENDENT EXAMINER'S REPORT | PAGE 7 |
Page 1
SALAAM EDUCATION SERVICES REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDING 30 NOVEMBER 2024
The Trustees present their report and financial statements for the year ending 30 November 2024.
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 governing document of Salaam Education Services, the Charities Act 2011 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), as amended for accounting periods commencing from January 2016.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Registration Number 1136062 Company Number 7069817
Principal Address: 25 Redbridge Lane East, Ilford, Essex, IG4 5ET.
Trustees
| Trustees | |
|---|---|
| Mooneerahbee Salaam | Director/Trustee |
| Zaid S Salaam | Director/Trustee |
| Landis Barnes | Director/Trustee |
| Independent Examiner | aab Accountants Limited, |
| MAAT | |
| 72 South View Drive | |
| London | |
| E18 1NS. | |
| Bankers | NatWest Bank Plc |
| Sort Code | 60-01-37 |
| Account No. | 60166142 |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
A charitable company limited by guarantee without share capital, incorporated on 8 November 2009 and registered as a charity on 21 May 2010.
Induction and training of new trustees
New Trustees are given a full induction. Trustees can retire when they wish as they do not serve under a fixed term of tenure. The Board of Trustees has overall control of the charity's activities and meets on regular basis.
Risk management
The Trustees are responsible for the management of risks faced by the charity. The Trustees have undertaken a full risk assessment of the organisation and have introduced various key controls. These controls are reviewed annually.
The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
Principal objectives of the charity
1. To advance the education of children within London in English, Mathematics and Science;
2. To advance education in the Islamic Religion;
3. The relief of poverty in London and throughout the world.
Activities and achievements: How our activities deliver public benefits.
Page 2
The Charity carries out a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities, summarised below, provide benefit both to those who attend the Centre and the wider community in Redbridge and in many countries in the world.
General Education: The Centre provides tuition services for the children up to A level studies covering English, Mathematics and Science subjects.
Islamic Education: Children and adults are taught during the day in the Centre.
Summer activities: The Centre organises summer time activities for the children during school holidays.
The Charity organises seasonal fund raising activities in the Centre by arranging some fun activities for children, stall to sell foods and drinks etc.
Grants and Donations: The Charity supports homeless people regularly by supplying food and to various needy including to orphans outside UK. The Centre has also contributed to various disaster funds through out the world. The Charity is now supporting various schools in Africa by paying donations.
Statement of Trustees' Responsibilities.
Company Law requires the trustees to prepare financial statements for each financial year to give a true and fair view of the state of the Charity's affairs, as well as of the Charity's surplus or deficits for that period. In preparing these financial statements, the Trustees have:
Selected suitable accounting policies and then applied them consistently; Made judgements and estimates that are reasonable and prudent; Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; Prepared the financial statements on a going concern basis.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the Charity so as to enable them to ensure that the financial statements comply with the Company's Act 2006, Charities Act 2011 and the UK Accounting Standards. They are also responsible for safeguarding the assets of the Charity by taking reasonable steps for the prevention of fraud and other irregularities.
SMALL COMPANY EXEMPTION
This report, which has been prepared taking advantage of special exemptions applicable to small companies, was approved by the board on 27 July, 2025 and signed on its behalf.
BY ORDER OF THE BOARD
Mooneerahbee Salaam Director/Trustee
Landis Barnes Director/Trustee
SALAAM EDUCATION SERVICES
Page 3
BALANCE SHEET AS AT 30 NOVEMBER 2024
| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | 2 | 686 | 530 | ||
| CURRENT ASSETS | |||||
| Sundry Debtors | 3 | 0 | 0 | ||
| Cash at Bank & in hand | 49,322 | 68,086 | |||
| ------------------ | ------------------ | ||||
| 49,322 | 68,086 | ||||
| CREDITORS : AMOUNTS FALLING DUE | |||||
| WITHIN ONE YEAR | 4 | 3,357 | 12,642 | ||
| ------------------ | ------------------ | ||||
| NET CURRENT ASSETS | 45,965 | 55,444 | |||
| CREDITORS : AMOUNTS FALLING DUE | |||||
| OVER ONE YEAR | 4 | 0 | 0 | ||
| ------------------ | ------------------ | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 46,651 | 55,974 | |||
| ========== | ========== | ||||
| CAPITAL & RESERVES | |||||
| Accumulated fund- Surplus | 46,651 | 55,974 | |||
| ========== | ========== |
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions in part 15 of the Companies act 2006 relating to small companies.
These financial statements were approved by the board on 27 July, 2025
Signed on behalf of the board of directors
Mooneerahbee Salaam
Director
The notes on page 5 form part of these financial statements.
SALAAM EDUCATION SERVICES
Page 4
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 30 NOVEMBER 2024
| Notes | 2024 | 2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| Resources received | 1 | |||
| Contribution of class fees | 34,227 | 30,971 | ||
| Donations (Unrestricted) |
39,367 | 35,667 | ||
| ------------------ | ------------------ | |||
| 73,594 | 66,638 | |||
| Resources expended | ||||
| Donations paid | 1 | 12,776 | 20,652 | |
| Books and materials | 648 | 1,453 | ||
| Salaries | 40,373 | 34,773 | ||
| Council tax | 3,854 | 2,244 | ||
| Utilities | 6,391 | 8,156 | ||
| Insurance | 971 | 846 | ||
| Phone, internet & website | 955 | 899 | ||
| Repairs and renewals | 13,401 | 656 | ||
| Cleaning | 1,349 | 1,340 | ||
| General expenses | 251 | 614 | ||
| Depreciation | 196 | 165 | ||
| Accountancy | 1,752 | 1,200 | ||
| ------------------ | ------------------ | |||
| 82,917 | 72,998 | |||
| ---------------- | ------------------ | |||
| Deficit for the year | (9,323) | (6,360) | ||
| Surplus brought forward | 55,974 | 62,334 | ||
| ------------------ | ------------------ | |||
| Surplus carried forward | 46,651 | 55,974 | ||
| ========== | ========== |
Continuing Operations
Surplus derive wholly from continuing operations.
Total recognised gains and losses
There were no recognised gains or losses either in the current or preceding year other than those recorded in the Statement of Financial Activities. All funds received are unrestricted funds.
Page 5
SALAAM EDUCATION SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 NOVEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These accounts have been prepared under the Charities Act 2011 on the historical cost convention and in accordance with "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 (FRS 102).
1.1 Going concern : The Trustees have reasonable expectation that Salaam Education Services has adequate resources to continue in operational existence for the foreseeable future.
The Trustees consider that there are currently no material uncertainties which impact on the charity being able to continue in its current form. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.2 Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources can be measured with sufficient reliability.
1.3 Resources expended
Expenditure is accounted for on accrual basis. Overhead and other costs not directly attributable to particular functional activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff, time or space occupied, as appropriate.
The irrecoverable element of VAT is included with the item of expenses to which it relates. Governance costs comprise the cost associated with meeting the constitutional and strategic aims of the charity and the accountancy fees and costs linked to strategic management of the charity.
1.4 Fund Accounting
Restricted funds are used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Unrestricted funds are used in accordance with the charitable objectives at the discretion of the Trustees.
1.5 TAXATION :
The Company by virtue of its charitable status is exempt from taxation.
| Number of employees | 30.11.24 3 |
30.11.23 |
|---|---|---|
| 3 |
Page 6
2. TANGIBLE ASSETS: Depreciation is provided in order to write off each assets over its estimated useful life. Furniture & Fixtures are written off at 20% and Equipment at 25% on the written down value.
| 30.11.23 Cost Equipment 3,626 Furniture, Fixtures & Fittings 1,266 ------------- 4,892 Depreciation Equipment 3,233 Furniture, Fixtures & Fittings 1,129 ------------- 4,362 Net Book Value Equipment 393 Furniture, Fixtures & Fittings 137 ---------------- 530 3. DEBTORS : amount due before and after 12 months = 4. CREDITORS: amount due before and after 12 months Directors Current account Sundry Creditors -- = |
Additions - 352 -------------- 352 98 98 -------------- 196 30.11.24 0 ========= 33 3,324 --------------- 3,357 ========= |
Disposal - - --------------- - - - --------------- - |
30.11.24 3,626 1,618 ------------------- 5,244 3,331 1,227 -------------------- 4,558 295 391 ----------------- 686 30.11.23 0 ========== 10,933 1,709 ----------------- 12,642 ========== |
|---|---|---|---|
5. SHARE CAPITAL: Salaam Education Services Limited is a company limited by guarantee (restricted to £1 per member) and not having a share capital and is a charity.
6. CONTINGENT LIABILITIES
There are no contingent liabilities at 30 November 2024
7. RELATED PARTY TRANSACTIONS
One of the directors is the part owner of the property operated from. she has granted continuing rollover yearly license at nil rent. Salaam Education Services Ltd will be responsible for full maintenance and repairs.
The principal teacher is also a director and draws salary as a qualified teacher at fraction of the comparable salary (half the market rate). She has been a teacher for many years and a key employee of the Charity. The principal teacher is overwhelmed with her duties and hence assigned some book keeping duties to other Director for a notional charge - less than what other people will charge. There are no other directors' interests which required disclosure under the Companies and Charities Acts.
Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Salaam Education Services
I report to the Trustees on my examination of the financial statements of Salaam education Services for the year ended 30 November 2024.
The report is solely made to the Trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any one other than the Charity and the trustees as a body, for my examination, for this report, or for the opinion I have formed.
Responsibilities and basis of report
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
Having satisfied myself that the accounts of the charity are not required to be audited under part 16 o of the 2006 Act and are eligible for independent examination, I report in respect of my examination of Salaam Education Services' financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's statement
Since the Salaam Education Services' gross income exceeded £25,000 an independent examination is required. I am a qualified member of the Association Technicians is qualified to undertake the examination.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the charity Commission An examination includes a reviewed 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 you as trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement 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 2011 Act; and
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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 financial statements to be reached.
Mohammad Mozibar Rahman, MAAT. aab Accountants Ltd 72 South View Drive London E18 1NS. July 27, 2025