REGISTERED COMPANY NUMBER: 09154454 (England and Wales) REGISTERED CHARITY NUMBER: 1179139
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Brighton Faith Association
ASM Chartered Accountants ASM House 103a Keymer Road Hassocks West Sussex BN6 8QL
Brighton Faith Association
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | to | 4 |
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Brighton Faith Association
for the Year Ended 31 March 2025
Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09154454 (England and Wales)
Registered Charity number
1179139
Registered office
Unit 2 Vale House 39-41 Vale Road Portslade East Sussex BN41 1GD
Trustees
Mr Emad Herandi Mrs Alyaa Hassoun Mr Jacob Herandi
Approved by order of the board of trustees on 18 December 2025 and signed on its behalf by:
Mr Emad Herandi - Trustee
Page 1
Brighton Faith Association
Statement of Financial Activities for the Year Ended 31 March 2025
| 31.3.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,273 Other trading activities 2 1,200 Investment income 3 36,690 Total 68,163 EXPENDITURE ON Raising funds 4 41,561 Charitable activities Gaza Appeal (Karim Nabulsi) - Safa Albairmani - Go Fund Me 1,250 A H Abdul Amir - Needy Causes 9,750 Other 3,346 Total 55,907 NET INCOME 12,256 RECONCILIATION OF FUNDS Total funds brought forward 913,851 TOTAL FUNDS CARRIED FORWARD 926,107 |
31.3.24 Total funds £ 22,495 - 51,600 |
|---|---|
| 74,095 | |
| 32,490 5,000 1,000 2,000 - 2,278 |
|
| 42,768 | |
| 31,327 882,524 |
|
| 913,851 |
The notes form part of these financial statements
Page 2
Brighton Faith Association
Balance Sheet 31 March 2025
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.3.25 Unrestricted fund £ 1,750,000 3,575 1,830 5,405 (4,175) 1,230 1,751,230 (825,123) 926,107 926,107 926,107 |
31.3.24 Total funds £ 1,750,000 3,575 8,425 12,000 (4,176) 7,824 1,757,824 (843,973) 913,851 913,851 913,851 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 3
Brighton Faith Association
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025 and were signed on its behalf by:
Mr Emad Herandi - Trustee
The notes form part of these financial statements
Page 4
Brighton Faith Association
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation 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. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Sundry Income | 1,200 | - |
Page 5
continued...
Brighton Faith Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. INVESTMENT INCOME
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Rents received | 36,642 | 51,567 |
| Deposit account interest | 48 | 33 |
| 36,690 | 51,600 | |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Interest payable and similar charges | 105 | - |
| Support costs | - | (600) |
| 105 | (600) |
4. RAISING FUNDS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 22,495 |
| Investment income | 51,600 |
| Total | 74,095 |
| EXPENDITURE ON | |
| Raising funds | 32,490 |
| Charitable activities | |
| Gaza Appeal (Karim Nabulsi) | 5,000 |
| Safa Albairmani | 1,000 |
| Go Fund Me | 2,000 |
| Other | 2,278 |
| Total | 42,768 |
| NET INCOME | 31,327 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 882,524 |
Page 6
continued...
Brighton Faith Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Deposit Protection Scheme 3,575 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 £ Trade creditors - Tenants Deposits 3,575 Accrued expenses 600 4,175 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.25 £ Bank loans (see note 11) 2,858 Other creditors 822,265 825,123 |
Unrestricted fund £ 913,851 Freehold property £ 1,750,000 1,750,000 1,750,000 31.3.24 £ 3,575 31.3.24 £ 1 3,575 600 4,176 31.3.24 £ 5,308 838,665 843,973 |
|---|---|
continued...
Page 7
Brighton Faith Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due between two and five years: Bounceback Loan 12. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 913,851 TOTAL FUNDS 913,851 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 68,163 TOTAL FUNDS 68,163 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 882,524 TOTAL FUNDS 882,524 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 74,095 TOTAL FUNDS 74,095 |
31.3.25 31.3.24 £ £ 2,858 5,308 Net movement At in funds 31.3.25 £ £ 12,256 926,107 12,256 926,107 Resources Movement expended in funds £ £ (55,907) 12,256 (55,907) 12,256 Net movement At in funds 31.3.24 £ £ 31,327 913,851 31,327 913,851 Resources Movement expended in funds £ £ (42,768) 31,327 (42,768) 31,327 |
31.3.24 £ 5,308 At 31.3.25 £ 926,107 |
31.3.24 £ 5,308 At 31.3.25 £ 926,107 |
|---|---|---|---|
| 926,107 | |||
| 31,327 |
continued...
Page 8
Brighton Faith Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. 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 1.4.23 £ 882,524 882,524 |
Net movement in funds £ 43,583 43,583 |
At 31.3.25 £ 926,107 |
|---|---|---|---|
| 926,107 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 142,258 | (98,675) | 43,583 |
| TOTAL FUNDS | 142,258 | (98,675) | 43,583 |
13. RELATED PARTY DISCLOSURES
The amount due to the Trustees at the period end 31st March 2023 was £861,064 and this amount is disclosed in note 9 of the Financial Statements.
Page 9
Brighton Faith Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 30,273 | 22,495 |
| Other trading activities | ||
| Sundry Income | 1,200 | - |
| Investment income | ||
| Rents received | 36,642 | 51,567 |
| Deposit account interest | 48 | 33 |
| 36,690 | 51,600 | |
| Total incoming resources | 68,163 | 74,095 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Bank loan interest | 105 | - |
| Other trading activities | ||
| Lecture Fees | 29,940 | 25,065 |
| Charitable activities | ||
| Donations to institutions | 11,000 | 8,000 |
| Other | ||
| Rates & Water | 177 | 49 |
| Light & Heat | 2,372 | 1,773 |
| Household & Cleaning | 797 | 288 |
| Bank loan interest | - | 168 |
| 3,346 | 2,278 | |
| Support costs | ||
| Management | ||
| Insurance | 3,067 | 2,556 |
| Telephone | 518 | 338 |
| Legal fees | 329 | 1,947 |
| Accountancy | 600 | 648 |
| 4,514 | 5,489 | |
| Finance | ||
| Sundries | 78 | - |
| Information technology | ||
| Repairs and renewals | 6,924 | 1,936 |
| Total resources expended | 55,907 | 42,768 |
| Net income | 12,256 | 31,327 |
This page does not form part of the statutory financial statements
Page 10