Docusign Envelope ID.. AS826089-2DE24A51-9817-60140D8OF95A Compary f8glslralion rNJmbeT.' 07101073 Chailly reglstraoon number. 1137312 Sultan Bahu Centre Ltd IA Iwntted ty share ¢8pllall Annual Report and RA4nclal 8talemÈnts for the Year Ended 31 March 2024
Do¢usn Envelope ID.. A682608&2DE24A51-9817-60140D80F95A Sultan Bahu Centr8 Ltd Contents R&fèr•rt6 Adminisiiaiive 00t8I8 Slraleglc Report TnJ8tees' R8POrt Slatemgnt of TrLSStee8' Respor*lblttlo IndePentt Exswrtnarfs Rept st8temèrt of Flnyndal ActMtIÈs Bil¥nce SheBI Noles to the FlnancSAI Stataments 8t014
Do¢u$on ETrv8lop8 ID.. A682608&2DE24A51.gB17.6014DD80F95A Sultan Bahu Contre Lld Reforence and Admlnlstratlve Details Trnst•8s Mf S(Ilton Flaz Hassan MT Su118n Nlaz ul Ha$8an Mr Mohammad R8mzan Prlnelpal Offl¢g 962 Wum Rock Road Ward End Blrm*ngh8m West Mldlands Be 2LS ft4gl$t•r•il Offl¢• 962 urn R%xk Ro8d Ward End BlrminghBrn West Mldlands B8 2LS Company Reglstrauon Numbèr 07101073 Charfty Rgglstrqtlrjn Numbor 1137312 k•r¥ HSBC Bwk P PO Box 68 130 New Stfeel Blrnilngharn 824JW Indapgndfjnt Examln•r N8slr Raffq Dua Govemance 123-131 Bradford Slreet Bradford Court Blrmlrydham B12 ONS Page I
Dotyjsign Envelop9 ID.. A6826o82DE2AS1-98l74Ol4oD8CsF9SA Sultan Bahu Centre Ltd Strategic Report for th• Year Ended 31 Mah 2024 The Iw$totr$. who are dlrectors for purposes ol eompany low. pwent Ihelr slralegle report for the r •)ded 31 2024, In Compliance1h $414G of ihe Cornpanles Atl 2006. A¢h19vemBnts p9rtorni¥n The charlty has contInd to achieve its ¢haTitable PUfP05es and meet 115 development t8rgeis IhS8 ygar. The proGess of upgradlng 8y61em8, procedures pollcbes lo ensure improved seTvlce delvery, openness. transparenry 8rn1 x¢ountablllty hag e0nltsrkd Ovéf thè year, Ind s[gnIf8Th1 toneS have been mached. EvenlrvJ and Weekend s1wlentary Educalltsn The ¢hwMy proykles supplementary ¢la$5e5 wrnarily for children between 6 #nd 11. Ihe nufflber of chlldr8n atlerflng these swlemeniary dasses has $ub3tantielly In¢&sett over Ihe last few years, and durtng Ihe last year, In th6 regign ol four thousand chlldren attended ¢lasses thrDughoui th8 networft. Childn a offeTed 8 broad-based and tradhlonal l$lamlc education basèd on the Suf4 PrinCleY of enrlchlng the splrilual slale. seEvlng humanlly. and peaceful co-exi5t8nce oihers. The charlty Is commllted to dèvek)' user? so that they can be uprigm Muslims and 18w-abld5ng cittfiS vtho make a ValUae tontribution lo the UK. eddillon, supplemental dasse$ are offered Thi Engllsh and Maths 10 8UPPOrt sthool a¢hlevement. Internal assessments a carrfed out règulaty, whl¢h has aided In rrd9uAng irnprovement and stralegizing to bld on tr 8UW85 of a¢Wements. Worship and Islarn EducatloETr The charltyls comtnilled lo provSdlng faolltles lor iegular wotBhip and opporturflles for Its uglrs to develop Ihelr #nOedge and pract& of 18larn. It 18 a180 comnThll8d ta bringlng users a mature, well-developed lom ol Brlti8h Islam 8ppropriate lo the 4¢XY tn wtrlch tW15ve andwork The dtreclor8 ¢onslder Ihfj tharW$ a¢h1¥ntS durtng th8 yearsat18farknry. Flnandal r•vt4w Durlng the year the charily raiged QOOk P023.. £117kl spent £136k12023: £119kl generallry a net k)come of £66k12023.' net loss Qkl. Thè ¢hr has rr¢s reser of £103k12023.. t38kl. Pollcyon resen Thè charity has sufficlent iesèNe$ to eonits* prodIr9 rt$ plannett Serv19. Plafts lor tuture p8rlod¥ Alm¥ ObJ8¢t1 lorfu(we perlods A8 a charity wnmiltted to servlng Cal comFnunity, we are plannkng to exlend ltte mosque ID provid8 8nhanced fad511iè8 aThl accon¢date moro pÈople_ Thls prolecl èSms lo ¢te a wtlcomlnu spa¢¥ that bertefits lh¢ CDFnrnunty Ilvough Imploved access to worghlp and edu¢0nd aclvlUe5. Fundr01slng eiforts for inltyatlvo have already commenced. Mr Sultan Nlaz Hassan Trusle8 Page 2
Oocusign Envelope 10.. A6826089-2DE24A51-9B17-60140D80F95A Sultan Bahu Centr• Ltd Trustees, Report T1 tfU81ees, who 8re dir8ctors for Ihe purposes ol company law, present annual report together th Ihe finanoal 58t£fflents and auditors, repx)rt ol Ihe ctrorilable company tor It year ¢n¢¢d 31 March 2024. Objects and•lm$ The charnyS oblecllve and tts prbxlpal actlvFty lo promote th8 prowsioTr ol education and tralniry, preparfng th[1dUa1¥ for elther further educallon or employfflent. To provlde soclal. lelsure and cultural faalttles lo the resldènl of Wa¥d eNJ aratt of Washwood Heath Ward. Blrmingharn and the 1hboUrho1>d. The buln9 1$ malnlalne(J and used f&rthi3 pijrpose. Publ1¢ beTrellt The aclNilles undertaken ID lurther wbllc befft And th8cSed In the strs16gic rèport The truste85 conflm that thgy have comyle£l lIh Ihe requlFemenis of sectl¢n 17 of the Charfties Act 2011 to ha due f481d lo th8 publlc benefit glrfdan wbll$h8d ty Ihe GhaAty CLNnmlslcfft for England and W8lv8. Grnntm$kln9pollcles Grant8 arè midé to lotth basS diarftles that hève 81nlar 8lhos &nd ideolo9y &6 the ¢tt8rfty. 3trueturè, govgm¥n¢• and manag•m8nt lalure of9ovemlng doeumwt Sultsll B8hu Centre Ltd Is a charItae company IlMtt by guarantee, Incorpwaled 10 t>ettmber 2009 88 amended by upeclal solution on the 5 July 2010. Sultan Balw Cenire Ltd, gIStered th Charily CornmL8$lon 31 M8y 2013. 11 governed by a memorandum and articles of assodalion seeks to promote educaUDn. tralnlng, and provlde 80cial aThJ l$ure acti{tes. R•¢rultment•ndappolntment of¢ru$te•5 ND new truslees have been appoinled In pèriod. Any new tr(k8te&g ère riuminated by [rnber$ ol the board of twslees. InleFviewed In appointed where Ilw have the necessary skills and knowledge to ¢onlribule to Ihe chartV$ dèvèlownent and management. thdu¢Uon andirnlnlng of trust¥os The new Irujiets are brfefed on thelr leg81 obllgallons undèr ehwlly laws and reg8tons. tho comnmttee and de¢blon maklJvJ process. tha iecont financial ttrfomiarKè Ihe future plans and obje¢llves Oft charity. Dls¢losur• of Infom7gllon to audltor Each trusteè has taken steps that Ihby ought lo have taken as a truslee In or&w Its make themselvM aware of any rel1 udil infomiation and 10 talatAiBh Ihal the charity's 8udilor 18 aware of that Inlormion. Irusteey confirm that trre is rn revant Informouon that Ihey kntr•J of 8nd of kthlch ihey knowl audltor 4$ unaware. Th¢ annual report was approved by Ihe Irwiees crfthÈ d)arfty on. . and 8ign&d behawby.. IAr uiian Ni¥z il ktassan Yruste# P•g• 3
Docusign Envelope ID.. A6826082DE24Asl-gB47-6014c}D80FgsA Sultan Bahu Centre Ltd Statement of Trusteès. Responslbllltles Tho Irustees (who are also the dlrectors of Stan Bahu Centre Ltd for the puipose& Df cornpany lawl are respon8iblè praparlng the Irustee&' report and the fln31 statements In accordance Mlh Unileo n901n Accounth Standards (Utted Klnodom Generalty A¢Gepted Accounllng Practlce) and applrAble1ow and regulaiions. Company law requires the IT¥Slee$ 10 prepare frn4n(i818latements for each frnarEdal year. Under ctrtTrpany law Ihe Irusleeg m1 approve Ihe flnarrial st•temei)i$ untess they are sallyfiod that Ilw give a tNe and falr vlew ol the stale of affalr3 or the charfiible ethpany and of it8 incoming fesourcÈ8 ap1¢all¢ of reSDLWCeS. IrtdIng Its income and expendllU, lor that period. In preparlng Ihese finanelal slalerrnls. ttuslees are requlr8d to.. sefetl SLMt8blo 8ceauntiny PDtKt88 and appty them con$lslenUy,' observe t rwlhod5 and prlnclpses In the Cha¥ities SORP., make judgfrments and es11rns that are reasonable and pThent,. sta18 wther applicable UK AccounUt¥J Standards hpve been foHovd. suble¢t to any m?terfal (lepartures dSsdos6d and explalned in th6 fin8rttal 8181Em8nl8; and pr8p8re the financial $laleinents on Ihfr corKÈm bas1$ unkss It L8 b)apprwialè to we8uT that the charltablo omparyvthll contSnue In bu$lneg8. The tru81ees are responslble for keepsrrfJ adequate aecotsnllng records thal Are 5ufflcient lo Show and explain the charitable company's Ifansacllons and dlsclos8 vthf7 reasonable a¢oJracy al any time the financial po$lion ol the charItate ¢rm7pary and Bnabb them ID ensure Ihat Ir¥andal stalemenls compty th the Con7Pgnles Act 21x6. They are als) responsib foT safeguardlrKJ the asgets of tm c*arilablB crynpany and her for 18king rÈasoftatAe steps lor the ventiOn and (letectSon ol frBud and other Irrales. Page 4
tkjcusign Envelope ID.. A682608W2DE24A51-9817.60140D80F95A 8ultsn Bahu Centre Ltd Independent Examlner's Roport to the trustees of Sultan Bahu Centre Ltd I rtport lo the charlly tPJ51e8s OTr my examlnallw Oilf orxourrts of the charfty IOT tm6 y08r 31 March 2024 whlch Br& Set oul on pages 6 to 14, Re&pectlvg règpon8lbllltlgs of tNslees and •xamln•r As the chanty's Iru518es of SuNgn Bahu Cenlie Ud land al#0 its directOTS for the pwp05&J of comparry law) yw are responslble fw PTepar&on ofthB Bcoounl$ In accrKdance the Tequlreménl8 ofthe Compan1&8 Act 2008 Ilhe 20(b Aci). Havlng sthfjed myself thal Its acomts DI Slan Bahu Centr8 Llrf are nol wulred to be audited un#eT Part 16 of thè 2008 Acl and a ellbIg lor Sndependpnl examin¥llon, l Teport In respeel DI my examlnalion of your ¢harlly's aco)upts as ¢aMed ts&l dtrT $ecJon 145 olthe ChaAts8 Acl 20111.lhe 2011 Act'l. In carrylng out my examlnallon I have followed th8 0¢110n$ 9wen Charity CorTYrthsslon secll¢]n 145151(b} of th¥ 2011 kl. Indepéndènt •xamlnerf8 8tst•ment I have cornpleted rny ex3mina1l. I confimi that no rottern have come to my In connedlon th It exanlnation glvl(Jg ffle cause lo ljelleve.. accountiNd recordi not kept In respect ol Stan B8hu Cenlre Ltd ?? requlTed by sethon 388 of the 2006 A¢L' or 2. Ihe accounts do r¥)t att¢r4 wlh Ihose records.. IY 3. Ihè a¢courrt8 do not CDmply hth Ihe Accoun@ requireinenls 5eclSon 396 of the 2Q06 Aet olher tkAn any reguirerrenl Ihal the acco1$ gtv¢ a'lEu¢ and fail vlew whlch 18 nol 8 matter Coldred a8 part ol an InttepeThJÈnt examlnal¢)n,' or 4. Ihè accounts have no¢ Ppad kn aGcordarKe vAth the malhods and prtnclple8 of the Slalemenl of ReGomrnend&Y Praelice foi a¢counllng and reportlng by charllles [ap[cable to charltle5 preparfng Iheii acrounts In accordaneè th Ihe Flnandal Reporting S18ndard applIcae In Ihe UK and Repubnc of Ireland IFRS 10211. I have no eoncem$ have come acros8 no other mall8rs In eoTh)e¢llon with the ex&nItIon to lch allention shou be dr8wn hthl8 report In order lo eft4bl¢ 0 WOP8rutxlerstandlty of the accounta to b$ r•d*oS. Nasir Raflq ICAEW Dua Governar¥ 12>131 Bradford Street Bndford Court rminghÉm B120NS Daltr.. 24 Jan 2025 Pag¢ 5
Docusign Envelope ID.. A6826089-2DE24A51-9B174014008OF95A Sultan Bahu Centr• Ltd Statement of Flnanclal Actlvltles forth8 Y8ar Ended 31 March 2024 {Includlng Income and Expenditure Account and Statement of Total Recognised Galns and Los$esl Total 2024 UnrestFlclod fund¥ Income and Endts*Th¢Trts Irom: Donatlons and legacks 199,869 Ttsl Income 199.869 ExndItle on: Charilable activities 134,884 Total explIre 14et Inc(xne 65,285 Nel mOVet in fd$ 65.285 65.285 R•¢onclllatl¢)n ollunrl¥ Tot81 funds tyr0ht forbyard Total fund8 ¢4rtsd loTrvard 16 103 634 103,834 Tolal 2023 Unr•strtctèd fund$ Not• lTrcome thnd EMdowm8Ets from: Oonatlons and legacles 117143 117,143 TO Incom 117 143 117 143 ExNdItr0 011.. Ch&rtt8ble aGtlvtties 119352 119352 Total expenditure 119352 119352 Net expendUre 2.209 Net movemenl funrls (2,209) 12,2091 Reconclllatlon of fund¥ Total lund5 broug1# lorna¥ 40.558 Total funds carrled lowrd 18 38,349 All Df the dwrws a(thllles (terlve frorn conllnulng operailons durfng the abovo p¢rlod#. The breokdo¥th for 2023 ig Sho In note 18. Page 8
Docusign Envelope ID.. A6826O62DE24A51-9Bl7-69I40D80FgSA Sultsn Bahu C8ntrè Ltd (Roglstratlon numbgr: 07101073) Balanc• Sheet as at 31 March 2024 2023 Note Flxgd a$$8ts TangitAe 955¢ts 10 23.020 25,158 Current a$$¢lo DobloFg Cash Èl tmnk and In h8 11 12 5,000 5,000 91,107 15,084 Cro11Stors: Amoun1% tslllng due wlthln one year 73 10.493 Net currènt as8ets 0.614 Nèt assèts Funds of tho Gharlty- Ufire5trl¢t•d Ineomo funds Unre8tr1ctod lunds Total fund8 16 103,634 For the financlal year tynthnu 31 fvlarch Zll24 the tharfty WR& 8AtWed to ¢xèmptlon fr¢)m atjdl uThJer seclK)n 477 of the Companlgs Act 2006 r&18ting tn small crnpanl8B. Dlr8ctor$' re6ponslbllllleB: The mBmbers h8V8 not required lh8 chaty to ¢Jbl8in an audit ol account8 for the y8ar kn qu8siK>n In eOrdanC0 wth sectlon 476,. and The directors acknowledg9 their re¥ponplbilllles for COpIy1ng lth the requirements ol Iie Acl wlh re8pe¢l to accounting rec9rds and Ihe prepBraiion ol account$. Th8se accounts hav* be•n pr•parad In 4cc¢r¥Jancs with WOV10nS •PICabl8 to companles subl&t io the Small c¢)mpenle$ im&. Yhè ffinanclal 518lem8nt8 on pages 6 to 14 wer8 8rprov&l by th? tN&t88s. and authorised for Issue onJ+ilo&.1y1and sign0d on Ihdr bèhall by.. iir Sultan Ni8z ul Hassan T18& Page 7
Docusign Envelop8 ID.. A6826089-2DE24A51-9817-60140D80F95A Sultan Bahu Centre Ltd Noles to the Flnanclal Statoments for tho Ygar Ended 31 March 2024 1 A¢countlng pollclg¥ Summary olslgnln¢ant a¢countlng poll¢le$ and key aecountlng 031Smats The princlpal accounting policios applied In Ihe preparalion of these financlal slaterrents are 8el out below. These polic have gn conlstenty applled to all Lhe years pseThted, unles6 OtheM$e stated. ststemant of ¢ompllan The finawal Statemenlg have b¢¢Th prepared Ill aCe0t¥JttT wih Accolift9 and Rerorting by Charitie5.' Statement of Recornrnended Prgctlce applKabt& lo charllle9 preparfng accounts In 8t¢wdancè Iht Fir8na81 Reporting Standard app11¢able In the UK and Republ of IrelaNI IFRS 1021 leffe¢live 1 January 20151 ICh&ritio$ SORP IFRS 10211, the Financlal Reporllng Siandth appllcable In the UK and Reput}1 of Ireland IFR8 1021. They al$0 Comply vlth Ihe ColnpaI Aci 2(M)6 and Ch8rllles Act 2011. 8asf8 of prwratlon Sultan Bahu Cenlre Lld rneets Iho delnlllon of a publlr benelt entity under FRS 102. Assets And li8b&lltlè8 8Fe inillalty ¢i)wlserl al h151odcal cost ortransactlon va unless Othe5& Staled relevant 9ountIng po¥cy notes. Golng eoncém Yhe Irustees ¢onslder Ih81 Iheie are no material uncertaints.es abDui tho charitys ability lo tknue as a golng ciM¢em nor any sIgfirn1 ar888 of tsneertalnly that affecithe cerrylng value of assets by th6 ¢ha(ity. Exèmptlon Irom pr0parSng a cash flow #tatèmont The challty Dpled to earfy adopi Bu118tin 1 pub[L¥ on 2 FobruAry 2016 and have th&relore not Indudefl a cash fltswslaiernenl It7 Ihese nn3nd81 slatemenls. Incomg and endowmgr51B I Incotne Is rncognlsed once Ihè ehkiily has •nlillrnnt lo probable that the Inccmè ¥AII be re¢eNed and the amounl oflhe kncome rwtstvable be measured rellabty. Don8llons •ndltytelè Donations are reeogniseo vrt)en the charity ha5 been notiited h wrtting of bolh the amount and selllement date. In itE event Ihal a donation Is subla¢l trk ¢ondilioTrs Ihal reoulre a level vl perf0mian by Ihè chartly belore th¢ ¢harity is enlllled lo Ihe funds, the Incorre Is (lelerred and not recognk5ed until ellher those conditSons 8fè fully met, or the fvlfiknent of those condttlons 5 wholty wslhln the conlrd tsf the tharfly and il &8 prob8ble that th8se wndlllon8 wl11 be lulfilled kn the reportlng pèrtod. Expendlturè All èxpefid1tu Is reewNse41 therè L8 a 18y81 or eAinstrvcllv8 oNigatI lo that expeThYltv¥e, rt Is prob0@ sethement required and thè am01 Can be measured rel13y. All costs afe allocated 10 the appllcable eykr11lure headlng Ihat aggreg&le slmilar c03ts to that category. bwhere costs cannot be dSreclly allribuled to particular headiTrJ$ Ihey have been Allocaled on A bo81$ consistent Mlh Ihe 8e Df re8our, wllh ntral staff costs allo¢2ted on the ba$1$ of lim? spenl, depreclalion charges alloeated on the portion of the a558t'S 4tse. Olhgr $upport sts are Ilocated based on Lhè spread of $18tt colts. Ch8rlt4ble cdvlil Charitable exFendlyre ¢ornpAse$ those cosls InctKred by th& tharity in Ihe dellvery ol its arlIlIeS and setvw for Ita beneficlarlos. 11 includes both et¢ii that csn b¢ $llocaled recIty to sudi advilie5 snd those costs of an Indirect nature necessary 10 8UPPOrt thern. Govarnan¢• eosts Tre8e Snclude the costs attribulable lo ch8rity's compllance conslilullon aNI stotutthy Trqulrements, IndudSng audit, slraleglc mansgèment End Iw518eB'S r@115 and relrnburse(l expenses. P#Jo 8
Docusign Env8lope ID.. A6826089-2DE24A51-9B17-60140D80F95A Sultan Bahu Centre Ltd Notss to tha F5nan¢lal Statemants for the Yoar Endod 31 Mar¢h 2024 Taxatjo The chanly la COrered lo pass tho tegtg set out In Pèiagraph f Schedulè 8 bf Ihè Flnance Aci 2010 Iherefore11 meet8 th? dèfiniljon of a tharitable comp8ny lor UK ¢orporallon lax purposes. Aecordlngty, the eharity IB potenliplly exwl from taxallon In iesped of income or capital gains rec&5ved wtllw'n caiegorle$ covered ty Chapter 3 Part 1101 the Corpor81ion Tax Act 2010 or Seetlon 2 ol the Taxation ol Charoeatsle Acl 1902. to the exttnt thal ineorne or galns are appld eXelY to charflabk purp08as. Tanqlbl? flxed 858¥ts Indldal flKed a88Otg e¢slng £500.00 OT mNe a lnill81 1o¢orded at cost. less ary sulwuenl accumulatso depro¢iJlDn and 3ubsequenl aCmu[8ted lrnpalirnenl bss¢$. Dopitclatlon and am0SatI1)n Depredatlon Is rxowtoed ot) tangib ftxed assets so as k wrSie off Ihe coyl or valualt)n, es1imat8d sklua1 value, over Ihelr exrted wehA 8cr)nomi¢ Ill 88 follows, Tanglbb Ass¢ts', 8.5 Trado dabtors Tr8de debtors ar8 amt$ du• from cuylomws for mèr¢handis¢ $dd or 8ervlce8 perfornd In the Ofdlnary ceurge of bLL5U5S. Trade dtybtoFs arè rècognl$ed iniually al 118rtsact40n prA. Thty are SUbSeqnY measured al arTh)Mts&d cost U51ng the effe¢tfve Inleresl rnelhod, t6ss prpvision for Imp81rMnl. A provion lor Impalrmenl of Irade debtors 55 establlshed when there Lq otyectlve evldence thal Ihe chariiy wll not be able to C¢1 211 wnounls due accordlw to the orlglnal lenn& ol the recesvables. Cash and cash eqvfval8nts Cash and cash equfvalent3 compnse c88h on hand and call deposlts, and other short-tem hbghty IK4uld hvestments that are r98dlly converoble lo a knovm amount ol cash and are subject lo an InstgrHficant rtsk of ¢hange In value. Boirowlngs Iniere$t-b&arfng borrovAng$ are 1rthlalty recorde(t at falr vafue. net of Iransactlon costs. Intereyt-bearfng bOrrOn98 are su)sequ8nlty carrlErJ at 8mOrtIE8d eost, ¥Mlh thg difference batwe8n IhÈ proceed$. nel of IraTh8actbn cost8, 8nd Ihe amount due redempllon beig as a eharye lo Stslemenl of Flnanctgl A¢tivllle8 overihe perforl ol the revant borr¢Jwnu. Inlwe61 expense Is r8cogrl8ed on ihe ba&lJ of Inlèwl method 13 In Inl8r8at payable aNI sln4lar charges. Borrowirgs ar¢ ¢1ossified as emnt Ilabllilios ès$ Ihe eharty hag an uncondlllonal lo dafw sèttlement of the liabillty far at lea$1 tw¢ month$ ots rWng date. Page g
Docusign Envelope ID.. A6828089-2DE24A51-9B17-60140D80F95A Sultan Bahu Centre Ltd Notes to the Flnanclal Statements for the Year Endèd 31 March 2024 For•lgn oxchans9 Transacllons In fDreryn currencles sr• ra{d ot th8 rate of exc718ngo at the date of IX6 transacllc¥). Monetsry a5sels and Mabillli85 denorninated in foreign curreftcitrs al the balance sheel date are reported al Ihe rates of exehaw¢ prevasn9 81 that The sU3 ol overseas oper811ons are Iranslaled al the average rates of exchange durfwJ the period and Ihety bal¥ne Shaets at rate5 tullng al the balènce sheet dalE. Exchanoe diffenceS arlslw oli Iranslallon of the openlng nel assels and ul18 of overseas oper8liDnS rèptsrted in £thar CDfTN)reh8nS4ve uwme and ac¢umulaled In equity lattrlbuted lo ThJn4ortrdllrya Inierests as appropriatel. Olher exchawJe erenCeS are recognlsed In Ihg Statement ol Finan¢1 ActlvStle5 In the perlcl In ¥thch they artsa except for, 11 exrharfje dlfferences on tr8nsaGtbns erstered Into lo hedgo Cert8 forn tX4rrenw rfsks (see #bovel., 2) excha? dlfferences artslng on gao)s or 10s8es on non4YthetBry whkh are r8cognL8ed in othèr on)prehenslve Ineome.. and 31 In the cage of tha corBolldatBd fin3n¢ial slatements. ex¢hange differences en rnonelary items re1vable Irom or pay8ble to a kelyn opeiallon for thleh selllemenl no41her planned nor likely lo oecur (therefore fornlng part of Ihe net VeStMent In tr¢ fc¥dgn opprallDTrI, wNch we reC£J900 in othèr c¢mprehen¥tre Income al r6ported iJn08r gquty. Fund Structure Unresifjcted IncDme tL+nds arè lund3 Ihal are avatsab lor at Ihe tru5tees dL%c¥eUon in lurtlwae of the oblectt¥e$ ol thè thariiy. nslon$ and oU)•r po•t obllgallonty The ¢haOly operates a defined contribution penslon scheme ¥thieh 1$ a pension plan under vthlch fix1 contstblltions are pald lo a penslon fund and Ihe charty has no legal or constructive obligation to pay furlher conlFlbullons even if Ihe lund does nol hold suifioent 8$5et81o pay all ernOYeeS ts benefits relatlng to employee seNke In th6 curyènl prior perfod8. Contributions to defined contrklOn plan5 ale 0¢gnISed In IltÈ Slatemenl of Flnandal Acb¥ll5 when Ihey are du6 If contrlbullon payments ex¢etrd the GOntribLtlknn due lor 8ervice, the excass18 réeognlsed as a pffjpaymenl. 2 Itttomg from doTratlon8 legacles Unmtrlttsd funds Tot 2024 Total 2023 Gen&ral Donatl(M)s and lÈgauoB" Donatlc 1g9,869 199.8fj9 117143 199,869 117 143 Po90 10
Docv5ign Envelope ID.. A682608&2DE24A51-9817-60140D80F95A Sultsn Bahu Centrè Ltd Notes to the Flnan¢lal StatBments for th• Yoar Ended 31 March 2024 3 ExndItur on chafltabla a¢tMlle5 Unrogtrlcted Yunds Tolal 2024 Gonèral Stsff costs Rent and R8t6s Deprbtjallon. amortlsatlon and olher SI1&r co8t8 Go¥eman costs Lighl . Heal and Po1 0th8T$ Tg,851 31,052 2,138 7g,851 31.052 2,138 3,900 10,082 10,082 734,584 4 Analy81• olgov•manGe and Bupport coats Gov8rnance ¢0stb Unr00¢rf¢tod fund8 Total 2024 Total 2013 Gen•ral Independent 8KBmlner tsey Examlnaffion of Ihe flnanal statements Lègal fees 1,740 1,740 6 Net IncomInOty01[b9 T•r¢8 Nei Incomlngllvutyoingl ft3rAwE8 forthe year IrlUde, 2024 2023 Depredation off¥xed assets Tru9t rwnun•r&tlon expensej No trusteeB, nor ary pefsons conneeled vth thèm. ttavfj receFved remunoraliun from the ch8dly durfro year. P8gg11
Docusign Envelop6 ID.. A6826O82DE24AS1-oBlT.6014OD8oF95A Sultsn 8ahu Centr• Ltd Notes to th8 Flnanclal Statements for tho Y•ar Endèd 31 Mar¢h 2024 7 Staff ¢o¥ts The ag99#tO payroll coyls kn*Fe a$ follows.. 2024 ZQ23 Staff ¢0sts durlng the ygar woro: Wages anrj salarfes Soclal securily C1$ Pèn¥ion eoBts 74,850 3,706 66.439 2,g59 70.530 No $Oyee received emduments of mNe lh £80,¢X)O dwing I1Year. 8 Tuatkni The ehttrty L8 A roglstarE(l (tsrily and18 ltterelofe Irom taxstlon. 9 Indapèmdgnt •xamln&rf$ rwnungrntlon 1024 2023 Examinauon of Ihe finanoial Stat8 g(X) Page 12
Docu¥Tgn Envelope ID.. A682608&2DE24A51-9B1740140D80F95A Suhan Bahu Centr8 Ltd Notss to the Flnanclal StstementB for thg Year Ended 31 March 2024 10 Tangltlo ffx•d as8Otg Othor tattglblè flxgd a989t Totsl At 1 April 2023 51,915 51.915 At 31 March 2024 DoprgcEatlon Charoe for thè yoar 28,895 At 31 March 2024 28 895 Nt book valu¥ Al 31 MaTth 2024 Al 31 M9rc 2023 11 D•btors 2024 2023 other debtU8 12 ¢aBh and ¢o$h gqulval?Ert8 2024 2023 C8sh on hand Caah at b8nk 86,107 13 Cr•dltors'. amoynts falllng duo wllhln on• y1 2024 2023 Other trodllors AccrvaL4 9,593 93 hnslon artd otherathemel Dofln¢d ContrIbtIOn pkngion sch•me The charty operates a denned nIllbU penylon sefieme. The pÈnslan eo$l charge the year reprtss8nts ¢onlrlbulions poyable by charKy to the scheme ani* aMjnIed to e1.29512023- £1,138). Pag?13
DocJJsign Envelope ID.. A6826089-2DE24A51-9B17-60140D8OFgSA Sultan Bahu Centre Ltd Notes to the FlnanGial Ststements for the Year Ended 31 March 2024 IS ¢harlty 8tstus The chadiy ts Ilmlled by 3harg Incorpor8leEÈ In. 18 Fund4 Balartce tyt 1 Aprll 2023 In¢omlno r•sourc8$ Rosour¢8s gxpondod *lio¢e ot 31 March 2024 Unmstrfetod funds General 38,349 at 1 Aprll Z023 199.869 IneDmlng roBourc8B 102.634 8al#n¢è at 31 March 2023 Resour¢e$ expgnded Llnr•slrlct•d hJnd$ GenerBJ 117,143 119352 38.349 17 ANly¥ls of not aBsets bots¥e•n lunds 18 R8lat?d party transadlons Mr Sultan Flat Has$#n aTKI Mr Wtttn Nl8z Hassan, trte&S of Ihe thaAty are atso tru8te¥s of Hauat Sullan B8hu Trukt. The accounts Includg.. Rent È12.00012023.. £12.0001 Management chaffjes £12,Ot)D12023.' £12,orK>i Page 14