**REGISTERED CHARITY NUMBER: 1140179**
## **TRUSTEES' REPORT AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **FOR**
## **AS-SALAM TRUST**
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
**AS-SALAM TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
**----- Start of picture text -----**
Page
Trustees' Report 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 13
**----- End of picture text -----**
**AS-SALAM TRUST**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's primary objectives are centred around promoting the teachings and principles of Islam in line with the Ahlus-sunnah Wal Jamaa-ah school of thought. This involves providing facilities for worship and Islamic education.
Additionally, the charity strives to offer community learning programs through language and citizenship classes, advice sessions through various organisations such as Citizens advice, Utility advice, money & financial management advisors, seminars, and functions, contributing to the advancement of public education.
Another crucial objective is to extend assistance to alleviate food poverty in both the local and wider community.
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**AS-SALAM TRUST**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The dedicated efforts of trustees and volunteers have significantly elevated the Charity's profile and garnered increased support for its community contributions and attendees of the prayer facilities which have been expanded to a second site for Friday prayers (Jumma) and evening prayers over Ramadhan (Taraweeh).
The Charity has persisted in providing essential food parcels every Wednesday throughout the year.
Visits to senior citizens and vulnerable individuals increased, with the distribution of free hampers, fostering friendly conversations and providing both essentials and treats. Collaborations with businesses and charities facilitated the distribution of warm clothing items to those in need, especially the elderly struggling during colder months.
The Peace Centre FoodBank plays a crucial role in transforming the lives of our community in several impactful ways:
1. Alleviating Food Insecurity: By providing access to nutritious food, the food bank helps individuals and families who struggle to afford basic necessities, ensuring they don’t have to choose between food and other essential needs.
2.Supporting Vulnerable Populations:The food bank serves those in vulnerable situations, including low-income families, the elderly, and individuals facing emergencies. This support helps reduce stress and improves overall well-being.
3.Promoting Community Solidarity:The food bank fosters a sense of community by encouraging collaboration among local organizations, volunteers, and donors, creating a network of support that strengthens community ties.
4.Empowering Individuals:Beyond food provision, the food bank often offers resources such as nutrition education and financial management workshops, empowering individuals to make informed decisions and improve their circumstances.
5.Reducing Stigma:By normalizing the use of food banks and promoting understanding, the initiative helps reduce the stigma associated with food insecurity, encouraging more people to seek help when needed.
6.Building Resilience:The food bank helps families navigate difficult times, providing a safety net that allows them to regain stability and work toward long-term solutions.
99,827 meals were served - 54 families,19 pensioners, 45 single people & 23 couples in need,This includes 184 children and 13 single parent families, of these 49 households are marked as "NRTPF" (no recourse to public funds) and surviving on savings and hand outs from family whilst awaiting processing. Once again these were distributed free of charge and served by dedicated volunteers.
Negotiations with the Leicester City Council are still underway to obtain permission for essential improvements and renovations to the Peace Centre site, used since 2013. These enhancements aim to better facilitate charitable activities and expand the Centre's capacity to support the community. We have made significant changes to the ablution area to facilitate the growing number of attendees and to update the aging fixtures.
The Autism Community Club continues to operate successfully at the Peace Centre, benefiting not only local residents but also attracting families from other areas. This has been a great way to get people with children who are on the spectrum. We have also facilitated for children and their families of all backgrounds, faith and no faith, who are affected by various disabilities.
Our madrasah was established to provide our children with a place to learn, grow and develop into exemplary individuals of the world. Our aim was to create an atmosphere in which our young students enjoy madrasah. We thank Allah ta’aala for blessing us with outstanding students, staff & volunteers at Madrasatus Salaam.
As with all charities, As-Salaam Trust relies on financial support to provide essential community services, many of which are offered free of charge. The commendable work of the Peace Centre FoodBank is recognised by the local community & from much further afield too, prompting generous contributions of time, and donations to meet the escalating demand for food in Leicestershire. The charity also utilizes various online donation platforms to facilitate contributions from individuals outside Leicester, making it more accessible for distant supporters to donate and support the cause.
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**AS-SALAM TRUST**
**TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **FINANCIAL REVIEW**
## **Reserves policy**
## **Unrestricted General Reserves**
The charity continues to raise sufficient free funds to cover ongoing projects keeping a small surplus to extend activities when required with minimal or no charge to the recipients. We continue to raise funds which will be utilised for the refurbishment of the premises once a reliable building contractor has been arranged however small renovations are being implemented as required.
## **Restricted Reserves (Property Fund)**
Funds in the past years have been raised for the purchase of a property, although the charity has procured a long lease property, it will continue to hold funds should an opportunity arise in the future to purchase the leasehold or extend charitable activities at another site.
## **Restricted Reserves (Refurbishment Fund)**
Funds have been raised for the refurbishment of current leasehold premisses to get them modernised.
## **Restricted Reserves (FoodBank Fund)**
Donations are received specifically for the FoodBank activities surpluses are carried forward to following periods to meet the regular planned quotas.
## **FUTURE PLANS**
We aim to continue with providing the current & additional services for the benefit of the community. Our volunteer database is growing & this will enable us to grow as a charity to benefit the community at large.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The As-Salaam Trust is an unincorporated Charity, with a trust deed adopted on 20/12/2010 and registered with the Charity Commissioners under charity number 1140179 on 02/02/2011.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1140179
## **Principal address**
The Peace Centre Thurncourt Road Leicester LE5 2NG
## **Trustees**
Mr G M E Lockhat Mrs A Lockhat Mr A I Ravat Mr M I Nawab
## **Independent Examiner**
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mr G M E Lockhat - Trustee
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AS-SALAM TRUST**
## **Independent examiner's report to the trustees of As-Salam Trust**
I report to the charity trustees on my examination of the accounts of As-Salam Trust (the Trust) for the year ended 31st December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true 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 accounts to be reached.
Nazir Malida
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
Date: .............................................
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**AS-SALAM TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**31/12/23**
**Unrestricted**
**Restricted**
**Total**
**fund**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**147,305**
**24,095**
**171,400**
**Charitable activities**
Religious facilities and social projects
**2,000**
**39,552**
**41,552**
Other trading activities
2
**75,567**
**-**
**75,567**
Investment income
3
**-**
**855**
**855**
**Total**
**224,872**
**64,502**
**289,374**
**EXPENDITURE ON**
**Charitable activities**
Religious facilities and social projects
**198,817**
**55,043**
**253,860**
**NET INCOME/(EXPENDITURE)**
**26,055**
**9,459**
**35,514**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**101,302**
**162,215**
**263,517**
**TOTAL FUNDS CARRIED FORWARD**
**127,357**
**171,674**
**299,031**|**31/12/22**
**Total**
**funds**
**£**
131,365
21,852
54,012
103
207,332
208,583
(1,251)
264,768
263,517|
|---|---|
The notes on page 0 form part of these financial statements
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## **AS-SALAM TRUST**
## **STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2023**
|**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Tangible assets
7
**4,717**
**CURRENT ASSETS**
Debtors
8
**15,521**
Cash at bank and in hand
**123,017**
**138,538**
**CREDITORS**
Amounts falling due within one year
9
**(15,898)**
**NET CURRENT ASSETS**
**122,640**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**127,357**
**ACCRUALS AND DEFERRED INCOME**
10
**-**
**NET ASSETS**
**127,357**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Restricted**
**funds**
**£**
**18,662**
**-**
**159,770**
**159,770**
**-**
**159,770**
**178,432**
**(6,758)**
**171,674**|**31/12/23**
**Total**
**funds**
**£**
**23,379**
**15,521**
**282,787**
**298,308**
**(15,898)**
**282,410**
**305,789**
**(6,758)**
**299,031**
**127,357**
**171,674**
**299,031**|**31/12/22**
**Total**
**funds**
**£**
25,261
14,878
235,318
250,196
(3,831)
246,365
271,626
(8,109)
263,517
101,302
162,215
263,517|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr G M E Lockhat - Trustee
The notes on page 0 form part of these financial statements
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**AS-SALAM TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost Fixtures and fittings - 15% on cost Motor vehicles - 20% on cost
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **HIRE PURCHASE AND LEASING COMMITMENTS**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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**AS-SALAM TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **2. OTHER TRADING ACTIVITIES**
|Shop income
Madrasah fees|**31/12/23**
**31/12/22**
**£**
**£**
**-**
150
**75,567**
53,862|
|---|---|
||**75,567**
54,012|
|**INVESTMENT INCOME**
Deposit account interest|**31/12/23**
**31/12/22**
**£**
**£**
**855**
103|
## **3. INVESTMENT INCOME**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Included within wages costs is £29,456 (2022: £26,593) and £17,022 (2022: £12,442 ) which relate to wages paid to Mr G M E Lockhat and Mrs A Lockhat who are trustees of the charity, for their services in the management of the centre and teaching services.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **6.**
|Project worker||**31/12/23**
**18**|**31/12/22**
14|
|---|---|---|---|
|No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Religious facilities and social projects
Other trading activities
Investment income|**ACTIVITIES**
**Unrestricted**
**fund**
**£**
104,034
-
54,012
-|**Restricted**
**funds**
**£**
27,331
21,852
-
103|**Total**
**funds**
**£**
131,365
21,852
54,012
103|
|**Total**|158,046|49,286|207,332|
## **EXPENDITURE ON**
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**AS-SALAM TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
**----- Start of picture text -----**
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Charitable activities
Religious facilities and social projects 161,606 46,977 208,583
NET INCOME/(EXPENDITURE) (3,560) 2,309 (1,251)
Transfers between funds (7,200) 7,200 -
Net movement in funds (10,760) 9,509 (1,251)
RECONCILIATION OF FUNDS
Total funds brought forward 112,062 152,706 264,768
TOTAL FUNDS CARRIED FORWARD 101,302 162,215 263,517
7. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£ £ £ £
COST
At 1st January 2023 39,958 5,600 9,000 54,558
Additions - 4,309 - 4,309
At 31st December 2023 39,958 9,909 9,000 58,867
DEPRECIATION
At 1st January 2023 21,320 4,377 3,600 29,297
Charge for year 3,576 815 1,800 6,191
At 31st December 2023 24,896 5,192 5,400 35,488
NET BOOK VALUE
At 31st December 2023 15,062 4,717 3,600 23,379
At 31st December 2022 18,638 1,223 5,400 25,261
**----- End of picture text -----**
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**AS-SALAM TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income|**31/12/23**
**31/12/22**
**£**
**£**
**5,259**
5,424
**9,552**
9,454
**710**
-|
|---|---|
||**15,521**
14,878|
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|**31/12/23**
**31/12/22**
**£**
**£**
**1,146**
2,233
**14,752**
1,598|
||**15,898**
3,831|
|**10.**
**ACCRUALS AND DEFERRED INCOME**
Deferred government grants|**31/12/23**
**31/12/22**
**£**
**£**
**6,758**
8,109|
The charity received a security grant from the Home Office in 2019. Inline with the terms of the grant it was used for specific areas of the ongoing refurbishment. As the refurbishment costs were capitalised and amortised, the treatment of the grant will follow suit and be released to the statement of financial activities.
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Collections for other organisations
Food Bank
**TOTAL FUNDS**|**At 1.1.23**
**£**
**101,302**
**64,245**
**65,545**
**1,691**
**30,734**
**162,215**
**263,517**|**Net**
**movement**
**in funds**
**£**
**26,055**
**3,900**
**(30)**
**20**
**5,569**
**9,459**
**35,514**|**At**
**31.12.23**
**£**
**127,357**
**68,145**
**65,515**
**1,711**
**36,303**
**171,674**
**299,031**|
|---|---|---|---|
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**AS-SALAM TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Collections for other organisations
Food Bank
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Collections for other organisations
Food Bank
**TOTAL FUNDS**|**At 1.1.22**
**£**
112,062
62,157
65,332
1,691
23,526
152,706
264,768|**Incoming**
**resources**
**£**
**224,872**
**3,900**
**3,547**
**20**
**57,035**
**64,502**
**289,374**
**Net**
**movement**
**in funds**
**£**
(3,560)
2,088
213
-
8
2,309
(1,251)|**Resources**
**expended**
**£**
**(198,817)**
**-**
**(3,577)**
**-**
**(51,466)**
**(55,043)**
**(253,860)**
**Transfers**
**between**
**funds**
**£**
(7,200)
-
-
-
7,200
7,200
-|**Movement**
**in funds**
**£**
**26,055**
**3,900**
**(30)**
**20**
**5,569**
**9,459**
**35,514**
**At**
**31.12.22**
**£**
101,302
64,245
65,545
1,691
30,734
162,215
263,517|
|---|---|---|---|---|
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**AS-SALAM TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Food Bank
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
158,046
2,088
4,209
42,989
49,286
207,332|**Resources**
**expended**
**£**
(161,606)
-
(3,996)
(42,981)
(46,977)
(208,583)|**Movement**
**in funds**
**£**
(3,560)
2,088
213
8
2,309
(1,251)|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Collections for other organisations
Food Bank
**TOTAL FUNDS**|**At 1.1.22**
**£**
112,062
62,157
65,332
1,691
23,526
152,706
264,768|**Net**
**movement**
**in funds**
**£**
22,495
5,988
183
20
5,577
11,768
34,263|**Transfers**
**between**
**funds**
**£**
(7,200)
-
-
-
7,200
7,200
-|**At**
**31.12.23**
**£**
127,357
68,145
65,515
1,711
36,303
171,674
299,031|
|---|---|---|---|---|
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**AS-SALAM TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Refurbishment
Collections for other organisations
Food Bank
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
382,918
5,988
7,756
20
100,024
113,788
496,706|**Resources**
**expended**
**£**
(360,423)
-
(7,573)
-
(94,447)
(102,020)
(462,443)|**Movement**
**in funds**
**£**
22,495
5,988
183
20
5,577
11,768
34,263|
|---|---|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2023.
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