2023-08-31-accounts - Salaam Educational Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Salaam Educational Trust (SET) Report and Financial Statements For the Period Ended 31 August 2023 Charity Number: 1159038

STONEBRIDGE ACCOUNTANTS 19A CHORLEY OLD ROAD LANCASHIRE

BOLTON BLI 3AD

Salaam Educatonal Trust (SET)

Contents Summary

For The Period Ending 31 August 2023

Contents	Page
Legal and administraton informaton	3
Report of the trustees	4 - 6
Report of the independent examiner	7
Statement of fnancial actvites	8
Balance sheet	9
Notes forming part of the fnancial statements	10-14

Salaam Educatonal Trust (SET)

Legal and Administraton Informaton

For The Year Ending 31 August 2023

Trustees

Trustees
Name	Ofce	Appointed	Resigned
Rizwan Seth	Secretary	3/15/2021
Anwer Essa	Treasurer	9/1/2020
Ayub Hasan Mitha	Chairman	9/1/2020
Abdul Samad Tailor		9/1/2020	9/1/2022

Bankers HSBC 286 Garstang Road Preston Lancashire PR2 9RX

Independent Examiner Stonebridge Accountants & Business Advisors 19A Chorley Old Road Bolton Lancashire BL1 3AD

Salaam Educatonal Trust (SET)

Report of the Trustees

For The Period Ending 31 August 2023

Report of the Trustees for the year ended 31 August 2023

Assalamaulaikum Warahmatullahe Wabarakatu

The trustees present their report along with the financial statement for the charity for the year ended 31 August 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the charity’s constitution and applicable law.

Consttuton and charitable objects

The charity is constituted under a 1996 constitution and registered with The Charity Commissioners under charity number 1159038 in 2014. The constitution has been amended in subsequent years, the latest amendment being in September 2022. The Trustees are elected every three years at the Annual General Meeting.

The objects of the SET shall be primarily for the benefit of the residents in the main Fulwood, Preston and the neighbourhood thereof by the advancement in the understanding of the Islamic religion, particularly but not exclusively by encouraging the establishing and maintenance of a community centre and pursuing the improved delivery of their services to the public, the promotion of racial and religious harmony between Muslims and non-Muslims in order to foster mutual understanding and toleration. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have a need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. To Establishing an Islamic community organisation and to maintain and manage the same, (whether alone, or in co-operation with any local authority or other persons or body) in enhancement of the above objects. The promotion of such other charitable purposes particular for the benefit of the Muslim Community as the trustees think fit.

The charity is entirely run by volunteers and members offer their services to deliver the charitable objectives.

Since our last AGM, the SET has continued to make steady progress by the grace of the Almighty God. Once again it is our pleasure and honour to report to all the members that our society is in excellent shape. Most important of all our Society has been immeasurably helped and guided by the Grace and indeed mercy of the Almighty God and without his favour and his wish, man is incapable of achieving anything.

Principle policies to achieve objectves

The trustees shall raise and promote issues to the statutory authority bodies and any other organisation necessary in order to advance and achieve the objectives of the charity.

Actvites and Achievements

We would like to take this opportunity to inform you of some of our achievements that were made during the past year and also share with you a glimpse of the future.

This year again saw the delivery of many initiatives through SET’s core delivery and strands.

Salaam Educatonal Trust (SET)

Report of the Trustees

For The Period Ending 31 August 2023

Key Priorites for 2022/2023 were to:

SET Executives and staff represent the Muslim community at strategic meetings such as the partnership, safeguarding and faith leaders.
SET Executives and Staff attend LCM meetings and regional Council of Mosques Meetings in the North of England.
Core work around providing essential services to the Muslim community such as providing arabic and islamic education, scouts, fitness classes, taekwondo and football groups. Services have all progressed and are increasing in numbers year on year.
Carry out internal audits for Madrasah to prepare for the Out of School Settings regulations
Arranged training sessions as part of the Paediatric First Aid, Safeguarding Level 1 and 2
Interfaith initiatives have been strengthened with joint working with Masjids, events around history of muslims in Preston, Community open days, sharing benefits of Ramadan.
Deal with other emerging issues which are unpredictable such as the Educational issues, Hate Crime, working with the Hospice, the rise of Extreme Right Wing activity in the city to name a few.
The SET base is used by many groups and drop-ins such defib training.
The SET base is used for berievment and condolence for people of community for greiving purpsoe upon the death in family.
A thanks to all volunteers at SET (Management, Funeral, Health, etc) without whom we simply would not be able to operate.

Charity Assets

The assets of the charity consist of the cost of improving the rented offices of the SET and also the furniture and equipment used in the offices.

Risk Management

The current account funds are held with a leading bank to minimise disruption to activities and reduce risk.

All investment decisions are made to achieve a reasonable return from acceptable sources according to Islamic Jurisprudence whilst minimising the risk.

Reserve Policy and Future Plans

At the year end the Trust held enough funds or provision for funds to pay for its expenses for the year. The charity is constantly looking at other grants to employ more people for specific projects.

Salaam Educatonal Trust (SET)

Report of the Trustees

For The Period Ending 31 August 2023

Statement of the Trustees' Financial Responsibilites

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Salaam Educational Trust and its incoming resources and application of resources of the charity for the period. In preparing the financial statements, the trustees are required:

Select suitable accounting policies and apply them consistently
Observe the methods and principles in Charities SORP
Make judgements and estimates that are reasonably prudent
State whether applicable accounting standard have been followed, subject to any material departures disclosed and explained in the financial statements, and
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that SET will continue in business.

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitutions. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Aamin Summa Aamin. Waalaykum Warahmatullahe Wabarakatu

Approved by the Trustees of Salaam Educational Trust and signed on its behalf by:

Rizwan Seth Ayub Hasan Mitha (Secretary) (Chairman) Date: 01 May 2024

Salaam Educatonal Trust (SET)

Independent Examiner's Report to the Salam Educatonal Trust.

We report on the accounts of the Trust for the period ended 31 August 2023 which are set out on pages 8 to 14.

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to:

examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion or otherwise as to whether the accounts present a "true and fair view"; and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention:

Which gives us reasonable cause to believe that, in any material respect, the requirements:
(a) to keep accounting records in accordance with section 130 of the 2011 Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

__________ Honorary Independent Examiner

Faruk Patel FFA FTA Stonebridge Accountants 19a Chorley Old Road Bolton BL1 3AD

Olst May 2024

Salaam Educational Trust (SET)

Statement of Financial Actvites

For The Period Ending 31 August 2023

Notes Incoming resources Incoming resources from generated funds 3 Donatons Received Government Grants Incoming resources from charitable actvites 4 Other incoming resources Total incoming resources Resources expended Charitable Actvites 5 Support Costs 6 Total resources expended Net Movement in Funds Total Funds Brought Forward Total Funds Carried Forward	Unrestricted funds £ - - - - - - - - - - -	Restricted income funds £ 137,906 1,051 - - 138,957 84,861 31,414 116,275 22,682 103,971 126,653	2023 Total £ 137,906 1,051 - - 138,957 84,861 31,414 116,275 22,682 103,971 126,653	2022 Total £ 64,054 - - -
				64,054
				64,663 20,629
				85,292
				(21,238) 125,209
				103,971

Salaam Educational Trust (SET)

Balance Sheet as at 31 August 2023

Notes Fixed Assets Tangible assets 9 Total Fixed Assets Current Assets Debtors and Prepayments 10 Cash at bank and in hand Total Current Assets Creditors: amounts falling due within one year 11 Net Current Assets Net Assets Funds of the Charity Restricted funds Unrestricted funds Total Funds	Unrestricted funds £ - - - - - - - - - - -	Restricted income funds £ 3,083 3,083 121,104 5,020 126,124 2,554 123,570 126,653 126,653 - 126,653	2023 Total £ 3,083 3,083 121,104 5,020 126,124 2,554 123,570 126,653 126,653 - 126,653	2022 Total £ 4,933
				4,933
				92,133 12,242
				104,375
				5,337
				99,038

				103,971
				103,971 -
				103,971

Signed by two of the trustees on behalf of all the trustees on

Rizwan Seth Ayub Hasan Mitha 01 May 2024 01 May 2024

Salaam Educatonal Trust (SET)

Notes forming part of the Financial Statements

For The Period Ending 31 August 2023

Principal Accountng Policies

(a) Basis of accountng

These accounts have been prepared on the basis of historical cost (except that investments are shown at market value) in accordance with Accounting Standards and with the Charities Act 2011.

(b) Change in basis of accountng

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
(c) Changes to previous accounts

No changes have been made to accounts for previous years.

2. Accountng policies

Accountng policies
INCOMING RESOURCES
Recogniton of incoming	These are included in the Statement of Financial Actvites (SoFA) when:
resources	- the charity becomes enttled to the resources;
	- the trustees are virtually certain they will receive the resources; and
	- the monetary value can be measured with sufcient reliably.
Incoming resources with	Where incoming resources have related expenditure (as with fund raising or contract
related expenditure	income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donatons	Grants and donatons are only included in the SoFA when the charity has unconditonal
	enttlement to the resources.
Tax reclaims on	Incoming resources from tax reclaims are included in the SoFA at the same tme as the
donatons and gifs	gif to which they relate.
Gifs in kind	Gifs in kind are accounted for at a reasonable estmate of their value to the charity or
	the amount actually realised.
	Gifs in kind for sale or distributon are included in the accounts as gifs only when sold
	or distributed by the charity.
	Gifs in kind for use by the charity are included in the SoFA as incoming resources
	when receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilites	expended) where the beneft to the charity is reasonably quantfable, measurable and
	material. The value placed on these resources is the estmated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described
	in the trustees' annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and	This includes any gain or loss on the sale of investments and any gain or loss resultng
losses	from revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recogniton	Liabilites are recognised as soon as there is a legal or constructve obligaton
	commitng the charity to pay out resources.
Governance costs	Include costs of the preparaton and examinaton of statutory accounts, the costs of
	trustee meetngs and cost of any legal advice to trustees on governance or consttutonal
	maters.
Support costs	Support costs include central functons and have been allocated to actvity cost
	categories on a basis consistent with the use of resources, e.g. allocatng property costs
	by foor areas, or per capita, staf costs by the tme spent and other costs by their usage.
ASSETS
Tangible fxed assets for	These are capitalised if they can be used for more than one year, and cost at least £250.
use by charity	They are valued at cost or, if gifed, at the value to the charity on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the
	year end. Other investment assets are included at trustees' best estmate of market value.
Depreciaton	Tangible assets are stated at cost less depreciaton. Depreciaton is provided at rates
	calculated to write of the cost less estmated residual value of each asset over its
	expected useful life, as follows:
	Property Imporvements 10% Straight line
	Sports & Leisure Equipment 10% Straight line
	Ofce Equipment 20% Straight line
	Equipment & Furnishings 10% Straight line

Salaam Educatonal Trust (SET)

Notes forming part of the Financial Statements

For The Period Ending 31 August 2023

3. Voluntary income Donatons Received Funeral Services Charges & Donatons Council Grant Other Grants (JRS) 4. Incoming resources from charitable actvites Fitness Classes IBB Deposit Account proft Football Club Criminal Records Check Post Mortem - MRI Scan Room Hire Income Youth Actvites Fees Other Income	Unrestricted funds £ - - - - Unrestricted £ - - - - - - - - -	Restricted income funds £ 137,906 - 1,051 - 138,957 Restricted £ - - - - - - - - -	2023 Total £ 137,906 - 1,051 - 138,957 2023 Total £ - - - - - - - - -	2022 Total £ 64,054 - - -
				64,054
				2022 Total £ - - - - - - - -
				-

Salaam Educatonal Trust (SET)

Notes forming part of the Financial Statements

For The Period Ending 31 August 2023

5. Charitable actvites ACWY Vaccinatons Purchases Britsh Associaton of Counselling Subscripton Circumcision Clinic Consultancy Fees Counselling Fees Criminal Records Bureau Subscripton Charitable Donatons Professional Fees Community Training Projects Post Mortem - MRI Scan & Other Funeral Expenses Salaries Staf Training Casual Wages Youth Projects	Unrestricted £ - - - - - - - - - - - - - -	Restricted £ - - - - - 6,831 - - - 73,240 - 4,790 - 84,861	2023 Total £ - - - - - 6,831 - - - 73,240 - 4,790 - 84,861	2022 Total £ - - - - - 7,895 - - - 54,228 - 2,540 -
				64,663

6. Governance Costs Bad Debt Independent Examinaton Fee Legal & Professional Fees Bank Charges Cleaning of Premises Insurance Light and Heat Motor and Travelling Expenses Rates Printng and Statonery Rent Repairs and Renewals Advertsing Sundry and Cleaning Expenses Telephone, IT and Website Costs Water Charges Depreciaton	Unrestricted £ - - - - - - - - - - - - - - - - - -	Restricted £ - 900 - 252 2,702 - 15,523 - 6,853 2,223 - 573 - 31 - 507 1,850 31,414	Total £ - 900 - 252 2,702 - 15,523 - 6,853 2,223 - 573 - 31 - 507 1,850 31,414	Total £ - - 140 176 1,355 - 2,888 - 3,891 4,419 - 4,420 - 595 206 689 1,850
				20,629

Salaam Educatonal Trust (SET)

Notes forming part of the Financial Statements

For The Period Ending 31 August 2023

7. Details of certain items of expenditure

7.1 Trustee expenses

Trustees are not remunerated for their services and there were no out of pocket expenses paid this year.

7.2 Fees for Independent examinaton of the accounts

The accounts are being independently examined this year, and the independent examiner has been paid fees of £730 for their services.

8. Paid Employees 8.1 Staf costs

Paid Employees 8.1 Stafcosts
Gross wages and salaries Employer's natonal insurance costs Employer's pension costs Redundancy costs 8.2 Average number of employees in the year. Charitable Actvites Tangible fxed assets Property Imporvements £ Cost At 1 September 2022 18,500 Disposals - Additons - At 31 August 2023 18,500 Depreciaton At 1 September 2022 13,567 Charge for year 1,850 Additons - At 31 August 2023 15,417 Net book value At 31 August 2023 3,083 At 31 August 2022 4,933	Sports & Leisure Equipment £ - - - - - - - - 0 0	Ofce Equipment £ - - - - - - - - 0 0	2023 £ 73,208 - - - 73,208 2023 16 Equipment & Furnishings £ - - - - - - - - 0 0	2022 £ 54,228 - - -
				54,228
				2022 16 Total £ 18,500 - -
				18,500
				13,567 1,850 -
				15,417
				3,083
				4,933

9. Tangible fxed assets

Salaam Educatonal Trust (SET)

Notes forming part of the Financial Statements

For The Period Ending 31 August 2023

10. Debtors and Prepayments Debtors Other Debtors Prepayments 11. Creditors: amounts falling due within one year Accruals Other Creditors Creditors	2023 £ - 121,104 - 121,104 2023 £ 900 7 1,647 2,554	2022 £ - 92,133 -
		92,133
		2022 £ - 5,337 -
		5,337

No person or organisation holds any security over the assets of the society.