Company No: 07419885 Charity Commission No:1142194
AMEENIA SULTANIA EDUCATIONAL TRUST
450-452 TYBURN ROAD BIRMINGHAM B24 8EE
REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022
AMEENIA SULTANIA EDUCATIONAL TRUST
450-452 TYBURN ROAD BIRMINGHAM B24 8EE
CONTENTS
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' Report | 2-3 |
| Accountants Report | 4 |
| Statement of Financial Activities | 5 |
| Income and Expenditure account | 6 |
| Balance Sheet | 7 |
| Notes to the accounts | 8 |
SIGNIFICANT INFORMATION
Principal office
AMEENIA SULTANIA EDUCATIONAL TRUST
450-452 TYBURN ROAD BIRMINGHAM B24 8EE
Registered Charity No :1142194
Officers
The charity trustees during the period ended 31 October 2022 were
Anis Ahmed Ghafoor Ahmed Moheedul Haq Raqeeb Hassain Mohammed Akhlaq Khan Asif Mahmood Ateeq Ul Rehman
Bankers
HSBC Bank PLC Soho Road Birmingham
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AMEENIA SULTANIA EDUCATIONAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2022
The Trustees present their report for the period ended 31 October 2022. The financial statements have been prepared in accordance with the accounting policies on page 8 and comply with the charity's Memorandum and Articles and applicable law.
The charity was established by Memorandum and Articles and the charity is registered with the Charity Commission in England (No:1142194)
OBJECTS
The objects of the charity are to advance religion in accordance with the teachings of Islam. To advance education and promote the community participation in healthy recreation by providing facilities for playing particular sports.The prevention or relief of poverty anywhere in the world by providing grants, items and services to individuals in need and/or charities working to prevent or relief poverty.
ACTIVITIES AND PROGRESS
Ameenia Sultania Educational Trust provides public benefit through its programmes of prayers and celebration of the key events in the Islamic Calendar. Activities are open to everyone in the community.Scholers were invited for programmes, The Centre also provides Congregational Prayers, Friday Sermons and Eid Prayers. For younger children there are evening classes for religious education which are very popular with the local community. During the year ladies and children Eid fund day were provided
FINANCE
During the period the charity raised funds by collecting donations and interest free friendly loans from the community members.
TRUSTEES' RESPONSIBILITY FOR THE ACCOUNTS
Charity law requires the trustees of the Association to prepare statements of accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to :
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent.
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AMEENIA SULTANIA EDUCATIONAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2022 (continued)
- to prepare the financial statements in accordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to
-state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards;
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Association, and to enable them to ensure that any statements of account comply with the requirements of the Charity (Accounts and Reports) Regulations 2000. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities
RISK MANAGEMENT
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the project , and are satisfied that systems are in place to mitigate our exposure to major risks.
RESERVES POLICY
The Reserve Fund represents unrestricted funds. The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the Trust.
On behalf of the Managing Committee
..................................... Trustee G Ahmed
24 July 2023
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Independent Examiner's Report to the Trustees of Ameenia Sultania Educational Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 October 2022 which are set out on pages 5 to 10
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
MAHMOOD AHED CHARTERED CERTIFIED ACCOUNTANT
784 Alum Rock Road Ward End Birmingham B8 2TE
24 July 2023
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Incoming resources | |||||
| Donations received | 2 | 82,684 | 74,753 | ||
| Teaching and enrolment fees | 10,877 | 6,281 | |||
| Other income | 4,000 | 1,187 | - | ||
| Gift Aid claimed | - | 52,529 | - | ||
| ----------- | ---------- | ||||
| Total incoming resources | 97,561 | 134,750 | |||
| ======= | ====== | ||||
| Resources expended | |||||
| Cost of activities in furtherance of the | |||||
| charity's object: | |||||
| Purchases | 7,255 | 1,049 | |||
| Staff wages and salaries | 35,840 | 34,204 | |||
| Pension cost | 255 | 331 | |||
| Rates and water | 761 | 580 | |||
| Insurance | 589 | 485 | - | ||
| Heat and light | 3,414 | 2,123 | |||
| Telephone | 90 | 101 | |||
| Print, post and stationery | 1,555 | 1,666 | |||
| Meetings and functions cost | 1,100 | 480 | |||
| Repairs and renewals | 119 | 845 | |||
| Sundry expenses | 247 | - | |||
| Bank charges | 430 | - | |||
| Legal and professional fees | 600 | 600 | |||
| Depreciation | 2,690 | 2,690 | |||
| ---------- | ---------- | ||||
| Total resources expended | 54,945 | 45,154 | |||
| ====== | ====== | ||||
| Net incoming resources before transfers | 42,616 | 89,596 | |||
| Fund balance brought forward | 493,227 | 403,631 | |||
| ------------ | ----------- | ||||
| Fund balance carried forward | 5 | 535,843 | 493,227 | ||
| ======= | ======= |
The notes on pages 8 to 10 form part of these accounts
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| INCOME | |||
| Donations | 2 | 82,684 | 74,753 |
| Other income | 14,877 | 59,997 | |
| ----------- | ------------ | ||
| Gross Income | 97,561 | 134,750 | |
| ======= | ======= | ||
| EXPENDITURE | |||
| Governance and support cost | 54,945 | 45,154 | |
| --------- | ----------- | ||
| Total expenditure | 54,945 | 45,154 | |
| ===== | ======= | ||
| Net Income for the year | 42,616 | 89,596 | |
| Funds balance brought forward | 493,227 | 403,631 | |
| ---------- | ------------ | ||
| Funds balance carried forward | 535,843 | 493,227 | |
| ====== | ======= |
The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities, and the reported surplus was found under the historical cost convention.
The notes on pages 8 to 10 form part of these accounts
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
BALANCE SHEET AS AT 31 OCTOBER 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 3 | 248,571 | 251,261 | ||
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 292,934 | 245,984 | |||
| ---------- | ---------- | ||||
| 292,934 | 245,984 | ||||
| CREDITORS:Amounts falling due | |||||
| within one year | 4 | 5,662 | 4,018 | ||
| --------- | ---------- | ||||
| TOTAL ASSETS LESS | |||||
| CURRENT LIABILITIES | 287,272 | 241,966 | |||
| ------------ | ------------ | ||||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 535,843 | 493,227 | |||
| ======= | ======= | ||||
| FUNDS | |||||
| General funds | 5 | 535,843 | 493,227 | ||
| ---------- | ------------- | ||||
| 535,843 | 493,227 | ||||
| ======= | ======= |
For the period ended 31 Ocotber 2022 the charitable company was entitled to exemption from audit under subsection 1 of section 447 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP
Approved by the board of Trustees on 24 July 2023 and signed on their behalf by:
........................................... G Ahmed TRUSTEE
The notes on pages 8 to 10 form an integral part of these accounts.
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022
Summary of significant accounting policies
1. Basis of preparation
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)-(Charities SORP (FRS 102), the the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountancy policy notes.Where necessary the headings laid down in the Companies Act have been adapted to meet the special activities of the Association.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS102 Section 1A
After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.. There are no material uncertainties casting doubt on going concern.The financial statements are presented in sterling which is the functional currency of the charity.
The charity constitutes a public benefit entity as defined by FRS 102..
1.2 Income
Donations and legacies are recognised as income when the charity becomes entitled to the resources Other income as accounted for on an accrual basis as far as it is prudent to do so. Income includes income tax recoverable.
1.3 Gifts in kind
The charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge. No value is placed on these items, where the benefit extends over several periods, in which case they are valued and included in the balance sheet at a reasonable valuation.
1.4 Grants
Grants and donations are only included in the SoFA when the general income recognition criteria are met unless related to a specific period, when it is placed in a restricted funds until it is used.
1.5 Taxation
As a registered charity, the company benefits from Rates relief and is generally exempt from Income tax and Capital Gains Tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
1.6 Depreciation
Improvement to property 1% straight line basis.
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022
1.7 . Trustees' Remuneration and Expenses
During the year salaries were paid to Mr Moheed Ul Haq £ 14,785 (2021-£10,887) and Mr Ghafoor Ahmed £ 13,927 (2021-£10,857) and Mr Anees Ahmed £ 0 (2021- 9,168)who are trustees and are also teachers for providing Teaching services to Children.
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
1.8. Funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
The only fund is unrestricted income/ revenue fund.
| 2022 |
2021 | ||
|---|---|---|---|
| £ | £ | ||
| 2. | DONATIONS AND GIFTS | ||
| Donations received | 82,684 | 74,753 | |
| Teaching and enrolment fees | 10,877 | 6,281 | |
| Other income | 4,000 | 1,187 | |
| Gift Aid Claimed | - | 52,529 | |
| ----------- | ---------- | ||
| 97,561 | 134,750 | ||
| ====== | ====== | ||
| 3. | TANGIBLE FIXED ASSETS | ||
| Freehold | Total | ||
| Property | |||
| £ | £ | ||
| Cost | |||
| At 31/10/2021 | 269,041 | 269,041 | |
| ------------ | ------------ | ||
| As at 31/10/2022 | 269,041 | 269,041 | |
| ======= | ======= | ||
| Depreciation | |||
| At 31/10/2021 | 17,780 | 17,780 | |
| Charge for year | 2,690 | 2,690 | |
| ---------- | ---------- | ||
| As at 31/10/22 | 20,470 | 20,470 | |
| ====== | ====== | ||
| Net book value | |||
| At 31/10/ 2022 | 248,571 | 248,571 | |
| ====== | ====== | ||
| At 31/10/2021 | 251,261 | 251,261 | |
| ====== | ====== |
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Company No: 07419885 AMEENIA SULTANIA EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022
| 4. | CREDITORS: Amounts falling due | ||
|---|---|---|---|
| within one year | 2022 | 2021 | |
| £ | £ | ||
| Other creditors | 4,662 | 3,018 | |
| Friendly loans | 1,000 | 1,000 | |
| --------- | --------- | ||
| 5,662 | 4,018 | ||
| ====== | ====== |
Friendly loans are unsecured, interest free loans given by the community members and repayable on demand by mutual agreements.
5 FUNDS
| FUNDS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| Opening balance | 493,227 | 403,631 |
| Incoming resources | 97,561 | 134,750 |
| Outgoing resources | (54,945) | (45,154) |
| ------------ | ------------ | |
| As at 31 Ocotber 2022 | 535,843 | 493,227 |
| ======= | ======= | |
| Represented by | ||
| Tangible fixed assets | 248,571 | 251,261 |
| Net current assets | 287,272 | 241,966 |
| --------- --- | ------------ | |
| 535,843 | 493,227 | |
| ======= | ======= |
6. GOING CONCERN
Trustee’s are satisfied that the charity will be able to continue its activities possibly at lower scale as place of worships are now allowed to reopen. Also there should be no impact on charities reserve policy.
.
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