Salam Society of Bedfordshire
Charity No. 1146978
Trustee's Report and Unaudited Accounts
30 April 2024
Salam Society of Bedfordshire Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash flows | 6 |
| Notes to the Accounts | 7 |
| Detailed Statement of Financial Activities | 8 |
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 2024.
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
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.
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.
FINANCIAL REVIEW
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 2024. 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 £18,121 towards this project.
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
S. Mohammed (Dec 4, 2024 22:45 GMT)
Page 3
Salam Society of Bedfordshire Trustees Annual Report
S. Mohammed Trustee
06 December 2024
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 2024.
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').
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 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 / Institute of Financial Accountants
HSR Accountants Ltd 18 Welbourne Gardens Bedford Beds.
MK42 0NQ 06 December 2024
Page 5
Salam Society of Bedfordshire Independent Examiners Report
Page 6
Salam Society of Bedfordshire Statement of Financial Activities for the year ended 30 April 2024
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net income 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 | |
|---|---|---|---|---|
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| 81,981 | 81,981 | 121,936 | ||
| 4,020 | 4,020 | 2,301 | ||
| 86,001 | 86,001 | 124,237 | ||
| 18,225 | 18,225 | 22,847 | ||
| 28,410 | 28,410 | 42,478 | ||
| 46,635 | 46,635 | 65,325 | ||
| - | - | - | ||
| 39,366 | 39,366 | 58,912 | ||
| - | - | - | ||
| 39,366 | 39,366 | 58,912 | ||
| 39,366 | 39,366 | 58,912 | ||
| 344,767 | 344,767 | 285,855 | ||
| 384,133 | 384,133 | 344,767 | ||
Page 7
Salam Society of Bedfordshire Balance Sheet
at 30 April 2024
| 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 |
2024 £ 320,300 320,300 64,233 64,233 (400) 63,833 384,133 384,133 384,133 384,133 384,133 384,133 |
2023 £ 299,936 |
|---|---|---|
| 299,936 45,231 |
||
| 45,231 (400) |
||
| 44,831 344,767 |
||
| 344,767 | ||
| 344,767 | ||
| 344,767 | ||
| 344,767 | ||
| 344,767 |
Approved by the trustees on 06 December 2024
And signed on their behalf by:
S. Mohammed (Dec 4, 2024 22:45 GMT)
S. Mohammed Trustee 06 December 2024
Page 8
Salam Society of Bedfordshire Notes to the Accounts
for the year ended 30 April 2024
- 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 9
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 10
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 11
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 and legacies 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 Income from charitable activities Eid Function Ramadhan |
Unrestricted £ 77,991 3,990 81,981 Unrestricted £ 1,520 2,500 4,020 |
Unrestricted funds 2023 £ 124,236 124,236 22,847 42,477 65,324 58,912 58,912 58,912 285,855 344,767 Total 2024 £ 77,991 3,990 81,981 Total 2024 £ 1,520 2,500 4,020 |
Total funds 2023 £ 124,236 |
| 124,236 22,847 42,477 |
|||
| 65,324 | |||
| 58,912 | |||
| 58,912 | |||
| 58,912 285,855 |
|||
| 344,767 | |||
| Total 2023 £ 117,516 4,420 |
|||
| 121,936 | |||
| Total 2023 £ 1,101 1,200 |
|||
| 2,301 |
Page 12
Salam Society of Bedfordshire Notes to the Accounts
5 Expenditure on charitable activities
| Expenditure on charitable activities Eid Function Ramadhan Governance costs 6 Other expenditure Food for children Meeting expense Donations out (Zakat payments) Motor and travel costs Premises costs General administrative costs Legal and professional costs 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At 1 May 2023 Additions At 30 April 2024 Net book values At 30 April 2024 At 30 April 2023 9 Creditors: amounts falling due within one year Accruals |
Unrestricted £ 6,255 11,970 18,225 Unrestricted £ 6,050 2,916 7,200 2,758 6,020 1,266 2,200 28,410 £ 299,346 18,121 317,467 317,467 299,346 2024 £ |
Total 2024 £ 6,255 11,970 18,225 Total 2024 £ 6,050 2,916 7,200 2,758 6,020 1,266 2,200 28,410 £ 590 2,243 2,833 2,833 590 |
Total 2023 £ 4,671 18,176 |
|---|---|---|---|
| 22,847 | |||
| Total 2023 £ 2,844 2,211 14,802 10,818 8,785 1,118 1,900 |
|||
| 42,478 | |||
| £ 299,936 20,364 |
|||
| 320,300 | |||
| 320,300 | |||
| 299,936 | |||
| 2023 £ |
|||
| 400 | 400 | ||
| 400 | 400 |
Page 13
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 2023 344,767 344,767 |
Incoming resources (including other gains/losses ) £ 86,001 86,001 Unrestricted funds £ 320,300 16,988 337,288 At 1 May 2023 £ |
Resources expended £ (46,635) (46,635) Restricted funds £ - 46,845 46,845 Cash flows £ |
At 30 April 2024 £ 384,133 |
|---|---|---|---|---|
| 384,133 | ||||
| Total £ 320,300 63,833 |
||||
| 384,133 | ||||
| At 30 April 2024 £ |
||||
| 45,231 | 19,002 | 64,233 | ||
| 45,231 45,231 |
19,002 19,002 |
64,233 | ||
| 64,233 | ||||
Page 14
Salam Society of Bedfordshire Statement of Cash flows for the year ended 30 April 2024
| Cash flows from operating activities Net income per Statement of Financial Activities Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2024 £ 39,366 39,366 (20,364) (20,364) - 19,002 45,231 64,233 |
2023 £ 58,912 |
|---|---|---|
| 58,912 (63,346) |
||
| (63,346) | ||
| - | ||
| (4,434) | ||
| 49,665 | ||
| 45,231 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 64,233 | 45,231 |
| 64,233 | 45,231 |
Page 15
Salam Society of Bedfordshire Detailed Statement of Financial Activities
for the year ended 30 April 2024
| Income and endowments from: Donations and legacies Donations Funeral funds Charitable activities Eid Function Ramadhan Total income and endowments Expenditure on: Charitable activities Eid Function Ramadhan Total of expenditure on charitable activities Other expenditure Food for children Meeting expense Donations out (Zakat payments) Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power General administrative costs, including depreciation and amortisation Bank charges Telephone, fax and broadband |
Unrestricted funds 2024 £ 77,991 3,990 81,981 1,520 2,500 4,020 86,001 6,255 11,970 18,225 18,225 6,050 2,916 7,200 16,166 2,758 2,758 360 5,660 6,020 460 806 1,266 |
Total funds 2024 £ 77,991 3,990 81,981 1,520 2,500 4,020 86,001 6,255 11,970 18,225 18,225 6,050 2,916 7,200 16,166 2,758 2,758 360 5,660 6,020 460 806 1,266 |
Total funds 2023 £ 117,516 4,420 |
|---|---|---|---|
| 121,936 | |||
| 1,101 1,200 |
|||
| 2,301 | |||
| 124,237 4,671 18,176 |
|||
| 22,847 | |||
| 22,847 2,844 2,211 14,802 |
|||
| 19,857 | |||
| 10,818 | |||
| 10,818 | |||
| 360 8,425 |
|||
| 8,785 | |||
| 606 512 |
|||
| 1,118 |
Page 16
Salam Society of Bedfordshire Detailed Statement of Financial Activities
| Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs 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 |
200 200 1,800 2,200 28,410 46,635 - 39,366 39,366 - 39,366 344,767 384,133 |
200 200 1,800 2,200 28,410 46,635 - 39,366 39,366 - 39,366 344,767 384,133 |
200 200 1,500 |
|---|---|---|---|
| 1,900 | |||
| 42,478 | |||
| 65,325 - |
|||
| 58,912 | |||
| 58,912 - |
|||
| 58,912 | |||
| 285,855 | |||
| 344,767 |
Page 17
Salam Society of Bedfordshire Accounts YE 30TH APRIL 2024
Final Audit Report
2024-12-04
Created: 2024-12-04 By: Shahid Shaikh (hsraccountantsltd@hotmail.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAhiyTB4YfEPFcKgOWs1jCIjKwONbEVm8K
"Salam Society of Bedfordshire Accounts YE 30TH APRIL 2024" History
- Document created by Shahid Shaikh (hsraccountantsltd@hotmail.co.uk)
2024-12-04 - 10:39:33 PM GMT- IP address: 86.18.117.176
Document emailed to nassorsaid@hotmail.co.uk for signature
2024-12-04 - 10:41:43 PM GMT
Email viewed by nassorsaid@hotmail.co.uk
2024-12-04 - 10:43:14 PM GMT- IP address: 81.147.165.139
- Signer nassorsaid@hotmail.co.uk entered name at signing as S. Mohammed
2024-12-04 - 10:45:51 PM GMT- IP address: 81.147.165.139
Document e-signed by S. Mohammed (nassorsaid@hotmail.co.uk)
Signature Date: 2024-12-04 - 10:45:53 PM GMT - Time Source: server- IP address: 81.147.165.139
Agreement completed.
2024-12-04 - 10:45:53 PM GMT