REGISTERED CHARITY NUMBER: 1163720
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for
SITPON SAADAT-E-DARAIN (UK TRUST)
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
SITPON SAADAT-E-DARAIN (UK TRUST)
Contents of the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
SITPON SAADAT-E-DARAIN (UK TRUST)
Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 objects of the Charity are for public benefit:
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The relief of poverty and sickness; the promotion of good health and the advancement of the Islamic religion worldwide.
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The advancement of education of orphans and underprivileged children, particularly but not exclusively in India by the provision of grants.
Main activities
How our activities deliver public benefit
The charity carries out a range of activities in accordance with its charitable aims. The trustees consider these activities summarised below provide benefit and aid to those in need of financial relief.
Currently, the charity is undertaking the following activities:
Financial aid to poor children and orphanages;
The advancement of education, in particular for orphans and underprivileged children situated in India
Volunteers
Many volunteers give up their time to help out the charity, particularly at the weekend and in the evenings to help with collecting donations and promoting the charity.
We are greatly indebted to these volunteers for their commitment and support.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity undertook the following projects and activities:
Sponsorship of Students
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Distribution of Food Parcels
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Sponsorship of Medical Clinics, aiding in the purchase of medicine for the poor children and orphans
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Distribution of Clothes and Shoes, aiding the poor children and orphans
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Sponsorship of Teachers to assist the education of the poor children and orphans
FINANCIAL REVIEW
Reserves policy
The General fund represents funds arising from current operating results. The trustees are satisfied that the balance of the fund will enable the charity to meet its objectives. The trustees have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 3 to 6 months of operational expenditure.
FUTURE PLANS
We plan to consolidate our current success and make our services available to a wider range of people. We also plan to look into further projects which will help us to fulfil our aims and objectives.
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SITPON SAADAT-E-DARAIN (UK TRUST)
Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Sitpon Saadat-E-Darain (UK Trust) is constituted under a Trust Deed adopted on the 11th September 2015 as amended on 15 April 2016. Sitpon Saadat-E-Darain (UK Trust) was registered as a charity with the Charities Commission on the 24th September 2015 (Charity No 1163720).
Recruitment and appointment of new trustees
The members in the general meeting elect trustees or a maximum of three trustees may be co-opted by the Executive Committee.
All trustees hold office until the Annual General Meeting where trustees can offer themselves for re-election or re-appointment.
The appointment of the trustees is governed by the trust deed.
Organisational structure
The charity is controlled by the trustees who make up the Executive Committee. Details of the current trustees are set out below:
Noormohamed Valli Moosa Adam Zinga Ibrahim Mohamed Patel Noormohamed Adam Buliwala Ahmed Valli Umerji Patel Abdul Haji Mohamed
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1163720
Principal address
218 London Road Blackburn Lancashire BB1 7NA
Trustees
N Valli M A Zinga I M Patel N A Buliwala A V U Patel A H Mohamed
Independent Examiner
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Page 2
SITPON SAADAT-E-DARAIN (UK TRUST)
Report of the Trustees FOR THE YEAR ENDED 30 SEPTEMBER 2022
Approved by order of the board of trustees on 26 April 2023 and signed on its behalf by:
M A Zinga - Trustee
Page 3
Independent Examiner's Report to the Trustees of Sitpon Saadat-e-Darain (UK Trust)
Independent examiner's report to the trustees of Sitpon Saadat-e-Darain (UK Trust)
I report to the charity trustees on my examination of the accounts of Sitpon Saadat-e-Darain (UK Trust) (the Trust) for the year ended 30 September 2022.
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
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the 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 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.
Shamim Mahomed
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
26 April 2023
Page 4
SITPON SAADAT-E-DARAIN (UK TRUST)
Statement of Financial Activities FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 87,482 EXPENDITURE ON Charitable activities 2 Management and Administration - Provision of Services 134,993 Total 134,993 NET INCOME/(EXPENDITURE) (47,511) RECONCILIATION OF FUNDS Total funds brought forward 123,452 TOTAL FUNDS CARRIED FORWARD 75,941 |
2021 Total funds £ 96,845 |
|---|---|
| 415 48,500 |
|
| 48,915 | |
| 47,930 75,522 |
|
| 123,452 |
The notes form part of these financial statements
Page 5
SITPON SAADAT-E-DARAIN (UK TRUST)
Balance Sheet 30 SEPTEMBER 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 76,241 CREDITORS Amounts falling due within one year 6 (300) NET CURRENT ASSETS 75,941 TOTAL ASSETS LESS CURRENT LIABILITIES 75,941 NET ASSETS 75,941 FUNDS 7 Unrestricted funds: General fund 75,941 TOTAL FUNDS 75,941 |
2021 Total funds £ 123,752 (300) 123,452 123,452 123,452 123,452 123,452 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 April 2023 and were signed on its behalf by:
M A Zinga - Trustee
The notes form part of these financial statements
Page 6
SITPON SAADAT-E-DARAIN (UK TRUST)
Notes to the Financial Statements FOR THE YEAR ENDED 30 SEPTEMBER 2022
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.
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.
2. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 3) | Totals | |
| £ | £ | £ | |
| Provision of Services | 134,693 | 300 | 134,993 |
continued...
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SITPON SAADAT-E-DARAIN (UK TRUST)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
3. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Provision of Services | 300 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 96,845 |
| EXPENDITURE ON | |
| Charitable activities | |
| Management and Administration | 415 |
| Provision of Services | 48,500 |
| Total | 48,915 |
| NET INCOME | 47,930 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 75,522 |
| TOTAL FUNDS CARRIED FORWARD | 123,452 |
continued...
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SITPON SAADAT-E-DARAIN (UK TRUST)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 7. MOVEMENT IN FUNDS At 1/10/21 £ Unrestricted funds General fund 123,452 TOTAL FUNDS 123,452 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 87,482 TOTAL FUNDS 87,482 Comparatives for movement in funds At 1/10/20 £ Unrestricted funds General fund 75,522 TOTAL FUNDS 75,522 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 96,845 TOTAL FUNDS 96,845 |
2022 2021 £ £ 300 300 Net movement At in funds 30/9/22 £ £ (47,511) 75,941 (47,511) 75,941 Resources Movement expended in funds £ £ (134,993) (47,511) (134,993) (47,511) Net movement At in funds 30/9/21 £ £ 47,930 123,452 47,930 123,452 Resources Movement expended in funds £ £ (48,915) 47,930 (48,915) 47,930 |
|---|---|
continued...
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SITPON SAADAT-E-DARAIN (UK TRUST)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/10/20 £ 75,522 75,522 |
Net movement in funds £ 419 419 |
At 30/9/22 £ 75,941 |
|---|---|---|---|
| 75,941 |
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 TOTAL FUNDS |
Incoming resources £ 184,327 184,327 |
Resources Movement expended in funds £ £ (183,908) 419 (183,908) 419 |
Resources Movement expended in funds £ £ (183,908) 419 (183,908) 419 |
|---|---|---|---|
| 419 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
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SITPON SAADAT-E-DARAIN (UK TRUST)
Detailed Statement of Financial Activities FOR THE YEAR ENDED 30 SEPTEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Total incoming resources EXPENDITURE Charitable activities Project costs Bank charges Support costs Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2022 £ 85,505 1,977 87,482 87,482 134,500 193 134,693 300 134,993 (47,511) |
2021 £ 96,845 - |
|---|---|---|
| 96,845 | ||
| 96,845 48,500 115 |
||
| 48,615 300 |
||
| 48,915 | ||
| 47,930 |
This page does not form part of the statutory financial statements
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