2024-05-31-accounts - Slough Ummah Trust

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Charity Registration No. 1173257 (England and Wales)

SLOUGH UMMAH TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

SLOUGH UMMAH TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Charity information	3
Trustees' report	4
Accountants' report	6
Income statement	7
Statement of financial position	8
Notes to the accounts	9
Detailed income and expenditure account	13

SLOUGH UMMAH TRUST CHARITY INFORMATION FOR THE YEAR ENDED 31 MAY 2024

Trustees

Charity Number

Fida Ur Rehman Ihsanullah Fida Faisal Shahzad 1173257 (England and Wales)

Registered Office 54 Hampshire Avenue Slough SL1 3AQ

Accountants

Tax Simplified Ltd Kemp House 160 City Road London EC1V 2NX

SLOUGH UMMAH TRUST (CHARITY NO: 1173257 ENGLAND AND WALES) TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31 May 2024.

Trustees

Fida Ur Rehman held office during the whole of the period.

The following trustees were appointed during the period:

Bashir Ahmed was removed on 25 November 2024.

Sheraz Bahader resigned on 23 December 2024.

Charitable and Political donations

Document

The charity is constituted as a charitable incorporated organization with charity commission under charity number 1173257 and is governed by its constitution.

Organisational Structure

The trustees are fully responsible for the management of the assets of the trust and give their time free of charge and receive no remuneration or other financial benefits. The trustees have regular meetings, and all the trustees are responsible for all decisions taken in relation to the running of the charity.

Recruitment and Appointment of Trustees

These procedures are followed according to the trust deed. Also, by agreed procedures with views and reflection of the community to have a better relationship with the Members and the local community.

Risk Management

The trustees have assessed the risks the charity faces and have identified the major risk areas and have drawn contingency plans to deal with those risks. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, policies are in place, insurance cover is up to date and finances are being arranged to purchase a suitable place of worship.

Objectives and activities

We have referred to the guidance contained in the Charity Commission's manuals when reviewing our aims and objectives and in planning our future activities. The objectives of the charity are set out in the charity's trust deed and are summarised as follows:

To advance the religion of Islam by means of, but not exclusively, the provision of facilities of worship and Islamic education.
To relieve financial hardship, distress and suffering among poor people
To advance education for the benefit of the general public by means of, but not exclusively, the provision or the assistance in the provision of a supplementary school.
To advance in life and relieve needs of young people through: a) the provision of recreational and leisure time activities provided in the interest of social welfare; b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

Achievements and performance

During the period charity was looking for a suitable place of worship and it managed to raise a reasonable amount as donations which will be used for the purchase of a building.

Financial review Reserves Policy

The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet the operating costs of the charity.

Principal Funding Sources

The charity's main source of income is donations gathered at Friday prayers or paid via standing orders directly into charity’s bank account. The charity also receives interest free loans from individuals, called Qarz-e-Hasana, which are repayable on demand, to fund their capital projects.

Plans for future periods

The trustees are looking to find a suitable place of worship in the Slough area and have enquired into a few properties. At the date of signing these accounts a place had been found and refurbishment works were underway to make it appropriate for community usage.

Statement of Trustees' responsibilities

The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Charity law requires the trustees to prepare accounts for each financial year. Under that law, the trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these accounts, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in existence.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. 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.

Signed on behalf of the board of trustees

............................................................................ F Rehman Trustee

Approved by the board on: 10 February 2025

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SLOUGH UMMAH TRUST FOR THE YEAR ENDED 31 MAY 2024

I report to the trustees on my examination of the financial statements of Slough Ummah Trust for the period ended 31 May 2024.

Responsibilities and basis of report

As the trustees of the charity 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 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:

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 accounts set out in

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.

Junaid A Khan FCCA

Tax Simplified Ltd

Chartered Certified Accountants

Kemp House 160 City Road London EC1V 2NX

10 February 2025

SLOUGH UMMAH TRUST INCOME STATEMENT FOR THE YEAR ENDED 31 MAY 2024

Income Administrative expenses Operating surplus Surplus on ordinary activities Surplus on ordinary activities Surplus for the financial year	2024 £ 117,617 (7,895) 109,722 109,722 - 109,722	2023 £ 6,691 (1,681)
		5,010
		5,010 -
		5,010

SLOUGH UMMAH TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2024

Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Capital and reserves Unrestricted funds Total charity funds	2024 £ 1,651 13,500 183,581 197,081 (84,000) 113,081 114,732 114,732 114,732	2023 £ - - 5,010
		5,010 -
		5,010
		5,010
		5,010
		5,010

The financial statements were approved by the Board of trustees and authorised for issue on 10 February 2025 and were signed on its behalf by

Fida Ur Rehman Trustee

Charity Registration No. 1173257

SLOUGH UMMAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

1 Statutory information

Slough Ummah Trust is a Charitable Incorporated Organisation, registered in England and Wales, registration number 1173257. The registered address is 54 Hampshire Avenue, Slough, SL1 3AQ.

2 Compliance with accounting standards

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

SLOUGH UMMAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its audit fees and costs linked to the strategic management of the charity including trustee expenses.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement

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SLOUGH UMMAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s con tractual obligations expire or are discharged or cancelled.

Tangible fixed assets and depreciation

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Fixtures & fittings 25% on reducing balance

4 Tangible fixed assets Cost or valuation At 1 June 2023 Additions At 31 May 2024 Depreciation Charge for the year At 31 May 2024 Net book value At 31 May 2024 5 Debtors Amounts falling due within one year Other debtors 6 Creditors: amounts falling due within one year Other creditors	2024 £ 13,500 2024 £ 84,000	Fixtures & fittings £ At cost - 2,201
		2,201
		550
		550
		1,651
		2023 £ -
		2023 £ -

7 Transactions with related parties

None of the Trustees (or any persons connected with them) received any remuneration or payment of expenses during the period.

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SLOUGH UMMAH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

8 Average number of employees

During the year the average number of employees was 0 (2023: 0).

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SLOUGH UMMAH TRUST DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2024

This schedule does not form part of the statutory accounts.

This schedule does not form part of the statutory accounts.
Income Donations Administrative expenses Staff training and welfare Light and heat Telephone and fax Stationery and printing Bank charges Equipment hire Rent Repairs and maintenance Depreciation Advertising and events Other legal and professional Operating surplus Surplus on ordinary activities	2024 £ 117,617 68 802 52 145 443 532 3,052 1,174 550 558 500 7,895 109,722 109,722	2023 £ 6,691
		- - - - - - 1,681 - - -
		1,681
		5,010
		5,010

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