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Salam Society of Bedfordshire
Charity No. 1146978
Trustee's Report and Unaudited Accounts
30 April 2022
Salam Society of Bedfordshire Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 2 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Statement of Cash flows | 8 |
| Notes to the Accounts | 14 |
| Detailed Statement of Financial Activities | 15 |
Page 1
Salam Society of Bedfordshire Trustees Annual Report
The trustee presents their report with the unaudited financial statements of the charity for the year ended 30 April 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1146978
Principal Office
Unit 7-10 44-46 Bunyan road Kempston Bedford MK42 8HL
Trustee
The following trustee served during the year:
S. Mohammed
Key Management Personnel
| Key Management Personnel | |
|---|---|
| Chair | Mr Maftah Salhina |
| Vice Chairman & Treasurer | Mr. Suleiman Mohammed |
| Head Teacher | Mr. Anwar Abdulrazak Muhammed |
| Funeral Organiser | Mr. Khamis Seif |
| Funeral Organiser | Mr. Abdillah Massoud |
Accountants
HSR Accountants Ltd 18 Welbourne Gardens Bedford Beds. MK42 0NQ
Bankers
HSBC
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document are : To promote any charitable purpose in accordance with the UK laws, for the benefit of the community in Bedford and its surroundings : called "the area of benefit" and, in particular for the advancement of the Islamic religion & awareness in accordance with the teaching of the holy Qur'an and the teaching of Prophet Muhammed (peace be upon him), through: (1) Establishment of place of worship for all Prayers including Friday Prayers with sermons in English and Arabic language.(2) Organising educational programmes for Muslims and non-Muslims with a view to enhancing understanding of Islam and avoidance of misconceptions. (3) Offering recreational and spiritual activities, such as sporting and Eid Celebrations.
Page 2
Salam Society of Bedfordshire Trustees Annual Report
The charities man activities include learning the true Islamic Faith with view to promoting high moral standards in the society. Also included are : The relief of poverty by providing advice, representation, counselling, translating and interpreting services and other assistance in matters such as asylum, immigration, money, debts, welfare benefits, housing, health, education, training and employment; The promotion of good race and community relations with other ethnic communities in the area of benefit, The charity is involved in the community and is dependent upon the voluntary help received from the local residents who support the Place of Worship (Masjid) by not only voluntary services such as maintenance and repair work to the centre by by donations to help promote its objectives.
A large charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A large charity must provide an explanation how the achievement of its aims will further its legal purposes...
A large charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A large charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A large charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
ACHIEVEMENTS AND PERFORMANCE
During the year, the charity has been able to achieve the following based on established criterion of performance. They include: 1) 1. Establishment and continued support for education in Arabic, Correct Recitation and Memorization of the Quran, Understanding the acts of Islamic Worship, Life and teachings of the Prophet Muhammad (SAW) for both children and adult male and females students.2. Provision of facilities for obligatory Prayers, Ramadan fasting and encouraging members to fulfil their obligation of giving Zakat (Charity) to the needy in addition to their regular donations (sadaqa). 3. Celebration of the Eid Festivals with Muslim and Non Muslim families and friends.4. Successful promotion of community relationship and understanding through undertaking programmes that are accessible to both Muslims and Non-Muslims, male and female adults and children regardless of nationality, race or colour. 5. Undertaking various social and sporting programmes for the benefit of all in Bedford.6. Continually collaborating with governmental and non-governmental agencies to promote understanding and for effective community cohesion. 7. The Charity carried out some major property improvement work during the year.
A large charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A large charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A large charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A large charity must provide an explanation of any material expenditure occurred to raise income in the future ...
A large charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...
FINANCIAL REVIEW
Page 3
Salam Society of Bedfordshire Trustees Annual Report
The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet operating costs of the mosque.
PLANS FOR FUTURE PERIODS
The charity will continue with the current activities and has substantial donations for 2023. The key future plans are: A) To continue to help and give religious guidance for the community. B) To continue to promote good relations with all other ethnic communities. C) To continue to build and encourage community access to the educational facilities. D) During the current financial year Salam Society of Bedfordshire undertook refurbishment and improvement of the premises. Salaam Society has paid £101,000 towards this project.
A large charity's report should explain the trustees perspective of the future direction of the charity...
STRUCTURE, GOVERNANCE AND MANAGEMENT
The type of government document adopted is Constitution and the charity is constituted as a Trust.
The Trustees and Committee members are appointed by the Trustees. Any new trustees would be briefed by the chair on –Charity’s history, the governing document—organisational structure, administrative policy documents and procedures, Trustees’ and Committees’ roles and responsibilities.
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed
Suleiman Muhammed (Feb 20, 2023 22:00 GMT)
S. Mohammed Trustee 21 February 2023
Page 4
Salam Society of Bedfordshire Independent Examiners Report
Independent Examiner's Report to the trustee of Salam Society of Bedfordshire
I report to the trustees on my examination of the financial statements of Salam Society of Bedfordshire for the year ended 30 April 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Shahid Shaikh FFA FIPA Director Fellow of Institute of Financial Accountants
HSR Accountants Ltd 18 Welbourne Gardens Bedford Beds.
MK42 0NQ 21 February 2023
Page 5
Salam Society of Bedfordshire Statement of Financial Activities for the year ended 30 April 2022
| Notes Income and endowments from: Donations and legacies 3 Total Expenditure on: Charitable activities 4 Other 5 Total Net gains on investments Net income 6 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds | |
|---|---|---|---|---|
| 2022 | 2022 | |||
| £ | £ | £ | ||
| 103,486 | 103,486 | 72,643 | ||
| 103,486 | 103,486 | 72,643 | ||
| 5,543 | 5,543 | 11,211 | ||
| 21,168 | 21,168 | 39,592 | ||
| 26,711 | 26,711 | 50,803 | ||
| - | - | - | ||
| 76,775 | 76,775 | 21,840 | ||
| - | - | - | ||
| 76,775 | 76,775 | 21,840 | ||
| 76,775 | 76,775 | 21,840 | ||
| 209,080 | 209,080 | 187,240 | ||
| 285,855 | 285,855 | 209,080 | ||
Page 6
Salam Society of Bedfordshire Balance Sheet
at 30 April 2022
| Charity No. 1146978 Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 10 Unrestricted funds 10 General funds Reserves 10 Total funds Approved by the trustees on 21 February 2023 And signed on their behalf by: |
2022 £ 236,590 236,590 49,665 49,665 (400) 49,265 285,855 285,855 285,855 285,855 285,855 285,855 |
£ 135,590 |
|---|---|---|
| 135,590 73,840 |
||
| 73,840 (350) |
||
| 73,490 209,080 |
||
| 209,080 | ||
| 209,080 | ||
| 209,080 | ||
| 209,080 | ||
| 209,080 | ||
Suleiman Muhammed (Feb 20, 2023 22:00 GMT) S. Mohammed Trustee 21 February 2023
Page 7
Salam Society of Bedfordshire Notes to the Accounts
for the year ended 30 April 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Salam Society of Bedfordshire Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
Salam Society of Bedfordshire Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
Salam Society of Bedfordshire Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations Funeral Funds Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations Funeral funds 4 Expenditure on charitable activities Expenditure on charitable activities Eid Function Ramadhan Expenses Governance costs |
Unrestricted £ 94,256 9,230 103,486 Unrestricted £ 3,342 2,201 5,543 |
Unrestricted funds £ 68,036 4,607 72,643 11,211 39,592 50,803 21,840 21,840 21,840 187,240 209,080 Total 2022 £ 94,256 9,230 103,486 Total 2022 £ 3,342 2,201 5,543 |
Total funds £ 68,036 4,607 |
| 72,643 11,211 39,592 |
|||
| 50,803 | |||
| 21,840 | |||
| 21,840 | |||
| 21,840 187,240 |
|||
| 209,080 | |||
| Total £ 68,036 4,607 |
|||
| 72,643 | |||
| Total £ 5,230 5,981 |
|||
| 11,211 |
Page 11
Salam Society of Bedfordshire Notes to the Accounts
5 Other expenditure
| Food for children Donations out (Zakat payments) Motor and travel costs Premises costs General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Independent Examiner's fee 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At 1 May 2021 Additions At 30 April 2022 Net book values At 30 April 2022 At 30 April 2021 9 Creditors: amounts falling due within one year Accruals |
Unrestricted £ 3,431 4,100 2,041 6,861 2,834 1,901 21,168 2022 £ 200 £ 135,000 101,000 236,000 236,000 135,000 2022 £ |
Total 2022 £ 3,431 4,100 2,041 6,861 2,834 1,901 21,168 £ 590 - 590 590 590 |
Total £ 5,063 5,226 3,130 14,040 10,183 1,950 |
|---|---|---|---|
| 39,592 | |||
| £ 200 £ 135,590 101,000 |
|||
| 236,590 | |||
| 236,590 | |||
| 135,590 | |||
| £ | |||
| 400 | 350 | ||
| 400 | 350 |
Page 12
Salam Society of Bedfordshire Notes to the Accounts
10 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 11 Analysis of net assets between funds Fixed assets Net current assets 12 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 May 2021 209,080 209,080 |
Incoming resources (including other gains/losses ) £ 103,486 103,486 Unrestricted funds £ - 27,349 27,349 At 1 May 2021 £ |
Resources expended £ (26,711) (26,711) Restricted funds £ 236,590 21,916 258,506 Cash flows £ |
At 30 April 2022 £ 285,855 |
|---|---|---|---|---|
| 285,855 | ||||
| Total £ 236,590 49,265 |
||||
| 285,855 | ||||
| At 30 April 2022 £ |
||||
| 73,840 | (24,175) | 49,665 | ||
| 73,840 73,840 |
(24,175) (24,175) |
49,665 | ||
| 49,665 | ||||
Page 13
Salam Society of Bedfordshire Detailed Statement of Financial Activities
for the year ended 30 April 2022
| Income and endowments from: Donations Funeral funds Total income and endowments Expenditure on: Charitable activities Eid Function Ramadhan Expenses Total of expenditure on charitable activities Other expenditure Food for children Donations out (Zakat payments) Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Bank charges Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs |
Unrestricted funds 2022 £ 94,256 9,230 103,486 103,486 3,342 2,201 5,543 5,543 3,431 4,100 7,531 2,041 2,041 360 6,501 - 6,861 231 - 2,120 483 2,834 200 200 1,501 |
Total funds 2022 £ 94,256 9,230 103,486 103,486 3,342 2,201 5,543 5,543 3,431 4,100 7,531 2,041 2,041 360 6,501 - 6,861 231 - 2,120 483 2,834 200 200 1,501 |
Total funds £ 68,036 4,607 |
|---|---|---|---|
| 72,643 | |||
| 72,643 5,230 5,981 |
|||
| 11,211 | |||
| 11,211 5,063 5,226 |
|||
| 10,289 | |||
| 3,130 | |||
| 3,130 | |||
| 360 7,320 6,360 |
|||
| 14,040 | |||
| - 2,156 6,326 1,701 |
|||
| 10,183 | |||
| 200 150 1,600 |
Page 14
Salam Society of Bedfordshire Detailed Statement of Financial Activities
| Salam Society of Bedfordshire Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
1,901 21,168 26,711 - 76,775 76,775 - 76,775 209,080 285,855 |
1,901 21,168 26,711 - 76,775 76,775 - 76,775 209,080 285,855 |
1,950 |
| 39,592 | |||
| 50,803 - |
|||
| 21,840 | |||
| 21,840 - |
|||
| 21,840 | |||
| 187,240 | |||
| 209,080 |
Page 15
Salam Society of Bedfordshire ACCOUNTS YE 30-04-2022
Final Audit Report
2023-02-20
Created: 2023-02-20 By: Shahid Shaikh (hsraccountantsltd@hotmail.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAzkMVOCaui-dh3fPtQJTZea-F0CfQBHNR
"Salam Society of Bedfordshire ACCOUNTS YE 30-04-2022" Hi story
Document created by Shahid Shaikh (hsraccountantsltd@hotmail.co.uk)
2023-02-20 - 9:32:19 PM GMT- IP address: 86.31.151.75
Document emailed to nassorsaid@hotmail.co.uk for signature
2023-02-20 - 9:34:45 PM GMT
Email viewed by nassorsaid@hotmail.co.uk
2023-02-20 - 9:59:55 PM GMT- IP address: 86.129.172.81
Signer nassorsaid@hotmail.co.uk entered name at signing as Suleiman Muhammed
2023-02-20 - 10:00:50 PM GMT- IP address: 86.129.172.81
Document e-signed by Suleiman Muhammed (nassorsaid@hotmail.co.uk)
Signature Date: 2023-02-20 - 10:00:52 PM GMT - Time Source: server- IP address: 86.129.172.81
Agreement completed.
2023-02-20 - 10:00:52 PM GMT