THE STRAIGHT PATH
DIRECTORS REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025
CHARITY NO. 1180600
COMPANY (CIO) REGISTRATION NO. CE015561
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THE STRAIGHT PATH
DIRECTORS REPORT AND ANNUAL ACCOUNTS
FOR THE YEAR ENDED 31[ST] MARCH 2025
Contents
| Page | |
|---|---|
| General Information | 3 |
| Trustees Report | 4-6 |
| Independent Examiners’ Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 - 14 |
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GENERAL INFORMATION
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Name of Charity: The Straight Path
Address: 11 Charing Cross Road
Charing cross London WC2H EP
Tel: 07722486302
E-mail: info@the-straight-path.co.uk
Registered Charity No. 1180600
Company (CIO) Registration No. CE015561
Board of Trustees:
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The Trustees of the Charity comprise the Management Committee as from time to time constituted.
Name Position lrfan Liaqut Chair & Trustee Abdelhak Benallel Trustee Ahmed Wallid Bahadur Treasurer & Trustee Sarder Amir Vice Chair & Trustee Iftikhaar Hussain Trustee
Banker: Barclays Whitechapel - 240 Whitechapel Road Whitechapel London - E1 1BJ
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THE STRAIGHT PATH TRUSTEE’S REPORT PERIOD ENDED 31 MARCH 2025
History, ObJectives and Activities of The Straiqht Path
The Trustees (who are all Trustees as well) of the Straight Path submit their report and annual for the period ended 31st March 2025. The straight path was registered with the charity commission as a Charitable Incorporated Organisation (CIO) on 7th November 2018.
The Objectives of the straight path are:
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To advance the religion of Islam by means of, but not exclusively, the provision of facilities and publications for Islamic education and propagation of Islam in accordance with the teaching of the Quran and the Sunnah of the Prophet Muhammad (Peace be upon him) as interpreted by the Ahle Sunnah Wal Jamaa school of thought.
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To advance education for the benefit of the poor, the illiterate and the general public by means of, but not exclusively, the provision or assistance in the provision of educational resources, equipment, activities and facilities, such as nurseries, schools and scholarships.
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To relieve financial hardship, distress and suffering among the homeless, poor people and other people in need by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of food, clean water, clothing and accommodation for the benefit of the said persons.
Structure, Governance and Management
The Straight Path is governed by a constitution. It is governed by the regulation set out in the constitution and run by Board of Trustees. The charity’s new Board Members are elected at the Annual General Meeting every two years.
The Board of Trustees are normally briefed by the Chair and the Secretary in order to familiarise themselves with the rules, regulations and responsibilities of the charity. The Board of Trustees met four times during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to set out the fund-raising date for the charity.
The day-to-day work of the charity is overseen by the Board of Trustees. The Board of Trustees are aware of the potential risks to the charity, both financially and otherwise. Therefore, strategies are in place to control these risks. The Board of Trustees are looking into other areas of risk such as operational, governance and compliance with law and regulations.
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Achievements and Performance of The Straight Path:
Board of Trustees:
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Irfan Liaqut - Appointed 13/09/2018
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Ahmed Walid Bahadur - Appointed 13/09/2018
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Sarder Amir – Appointed - 24/06/2019
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Abdelhak Benalle – Appointment – 02/04/2023
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Iftikhaar Hussain – Appointment – 10/04/2023
Board of Trustees Meeting
During the year, The Straight Path held four board of trustees meetings to review organisational progress. Responsibilities included oversight of financial management, strategic planning, and partnership development.
Qur’an and Books distribution:
Total Qur’an distributed- 30,000
Total other books & leaflets distributed - 315,000
Qur’an, Booklets and leaflets were donated by the following charities:
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One true message foundation
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Discover Islam
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Connecting Communities Trust
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Qur’an Academy
Food distribution for the homeless
The Charity only Focused on Material distribution and Education. No Food Was Distributed for this financial year.
Financial Review
The financial position of the Charity is portrayed in the accompanying Annual Accounts
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Statement of the Trustees, Res onsibilities Law applicable to charities in England & Wales requires the Trustees to prepare financial statement for each financial year. which gives a true and fair v*w of the charitys financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to.. Select suitable accounting policies and apply Lx)n5iStently Make judgements and estimates that£re reasonable and pnjdent; Slate whether applicable accounting standards and statements of recommended practice have been followed. subject to any departures disrjosed and explained in the finanoal slatements; Prepare the finanual stalemenls on a going concern basis unless tl is inappropriate to presume that the d)arity will continue in operation. The Truslees are responsibte for keeping accx)unting records. vthich disdoses with reasonable accuracy at any lime the financial position of the tharity and enable them to ensu that the financial Statements comply with the charity act 1993. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and delection of fraud and other irregularf(ies. ser4e Polic It is the policy of the d)arity that unrestricted funds. which have not been designated for a specrfic Ljse. should be maintained at a level equivalent to at least three-months expenditure. The Board of Trustees consider that reserves at this level will ensure Ihal. in the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Straight Path will acaively work to achieve this level of reserves. Risk Factors The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems a in place to mitigate exposure to the major risks. The Board of TTUStees approved the accounts on 20th January 2026 at the Board of Trustees Meeling and signed on their behalf by- Abdelhak Benallel Trustee lftlkhaar Hussain Trustee Dated: 20th January 2026
THE STRAIGHT PATH
YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINERS' REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS
I report to the charity's trustees on my examination of the accounts of the company for the year ended 31st March 2025.
Respective Responsibilities and Basis of Report
As the Charity's trustees ( and also its directors for the purpose of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satified that the accounts of the company are not required to be audited under section 144 of the Charities Act 2011 (the Charities Act) and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commissioners under section 145(5) (b) of the 2011 Act.
Independent Examiners' Statement
In connection with my examination I confirm that no matter have come to my attention giving me cause to believe that in any material respect:-
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accounting records were not kept in respect of the Company as required by section 130 of the Charities 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 accounting requirements (Accounts and Reports) of Charities regulations 2008 other than any requirement that the accounts give a 'true and fair' view which not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)].
I have no concern 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.
Md Iftakher Hussain BSc(Hons) FCCA
Iftakher & Co.
Chartered Certified Accountants & Registered Auditors Aldgate Zone (Room 222) 2-4 Commercial Street Aldgate East London E1 6LP
Date: 20th January 2026
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THE STRAIGHT PATH
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
| Notes Incoming Resources Activities to further the Charity's 2.1 objects Other Incoming Resources 2.2 Total Received Resources Expended Direct Charitable Expenditure:- Costs of activities for charitable 3.1 objectives Support Costs 3.2 Management and Administration 3.3 Total Expenditure Net Incoming Resources before Transfers Transfer between funds Net Incoming Resources for the Year Fund Balances b/f 01.04.24 8 Fund Balances c/f 31.3.25 |
2025 2025 2025 2024 Unrestr'd Restricted Total Total Funds Funds £ £ £ £ 28,241 - 28,241 65,731 - - - - 28,241 - 28,241 65,731 19,006 - 19,006 25,201 289 - 289 1,418 800 - 800 800 20,095 - 20,095 27,419 8,146 - 8,146 12,867 - - - - 8,146 - 8,146 12,867 49,667 - 49,667 49,667 57,813 - 57,813 62,534 |
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The notes on Pages 10 to 14 form part of these accounts.
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THE STRAIGHT PATH
BALANCE SHEET AS AT 31 MARCH 2025
| Notes Current Assets Debtors 5 Cash at Bank and in Hand CreditorsAmounts falling due 6 within one year Net Assets 7 Funds Restricted Funds Unrestricted Funds Total Funds 8 |
2025 2025 2025 2024 Unrestr'd Restricted Total Total Funds Funds £ £ £ £ - - - 4 72,045 - 72,045 63,630 72,045 - 72,045 63,634 1,365 - - 1,365 - 1,100 - 70,680 - 70,680 62,534 - - - - 70,680 - 70,680 62,534 70,680 - 70,680 62,534 |
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The accounts were approved by the Directors/Trustees on 20th January 2026, and signed on their behalf by:-
Abdelhak Benallel Trustee
Iftikhaar Hussain Trustee
The notes on Pages 10 to 14 form part of these accounts.
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THE STRAIGHT PATH NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025
1 Accounting Policies
1.1 Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preperation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherise stated
1.2
Statement of compliance
The financial statements have been prepared in accordance with 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 January 2015) - (Chaties SORP (FRS 102)). They also comply with the Companies Act 2006 also comply with the Companies Act 2006 and Charities Act 2011.
- 1.3
Basis of Preparation of Accounts
The charity meets the defination of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost convention or transaction value unless otherwise stated in the relevent Accounting policy notes.
1.4
Going concern
The financial statements have been prepared on a going concern basis The trustees asses wether the use of going concern is appropriate i.e. whether there are any material uncertainities related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make the assessment in respect of a period of one year from the date of approval of the the financial statements.
1.5 Exemption from preparing a cash flow statement
- The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statement.
1.2
Fund Accounting
The Charity's general fund consist of funds which the Charity may use for its charitable objects at the discretion of the Trustees. The designated funds are monies set aside out of general funds by the Trustees for specific purposes. The Charity's restricted funds are those where the donor has imposed restrictions on the use of the funds which are legally binding. Details of the funds are given in Note 8.
1.3 Incoming Resources - Donation/grant Receivable
All donations/grants receivable, including grants for the purchase of fixed assets, are credited to the Statement of Financial Activities in the period to which they relate. Donations/Grants representing amounts deferred to future accounting periods as a result of conditions imposed by funder are shown as income, with a corresponding deduction for amounts deferred.
1.4
Expenditure and Liabilities
Generally liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure. Resources expended are allocated to the particular activity where the cost relates directly to that activity. The cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central function, is assigned based on an estimate of staff time attributable to the activity concerned. Management and administration costs comprise expenditure on general and financial administration and compliance with statutory and constitutional requirements.
1.5 Tangible Fixed Assets
At 31 March 2025 the Charity has no material fixed assets which have not been capitalised and included on the Balance Sheet. Items of equipment are capitalised where the purchase price exceeds £500.
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THE STRAIGHT PATH
NOTES TO THE ACCOUNTS - Continued
YEAR ENDED 31 MARCH 2025
| 2025 | 2025 | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| Unrestr'd | Restricted | Total | Total | |||
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| 2 | Incoming Resources | |||||
| 2.1 | General fund - Activities to further the Charity's | objects | ||||
| Donations | 28,241 | - | 28,241 | 40,286 | ||
| Misc - received | - | - | - | - | ||
| Total Received | 28,241 | - | 28,241 | 40,286 | ||
| 2.2 | General Fund - Other Incoming Resources | |||||
| Grant received | - | - | - | - | ||
| Bank interest received | - | - | - | - | ||
| Total received | - | - | - | - | ||
| 2.2 | Total Incoming Resources | 28,241 | - | 28,241 | 40,286 |
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THE STRAIGHT PATH
NOTES TO THE ACCOUNTS - Continued
YEAR ENDED 31 MARCH 2025
| 3 Resources Expended 3.1 Costs of Activities for Charitable Objectives Salaries and NIC Pension cost Advertisement and PR Telephone cost Materials for distribution Stationery, postage and printing Subscription Travelling expenses Repairs and maintenance Total 3.2 Support Costs Subscription Insurance Rent Cleaning Equipments Repairs and Maintenance 3.3 Management and Administration of the Charity Administration Salaries Publicity, Annual Report & AGM Accountancy and Professional Fees Consultancy fees Postage, printing and stationery Fund raising cost Bank charges |
2025 2025 2025 2024 Unrestr'd Restricted Total Total Funds Funds £ £ £ £ 11,148 - 11,148 16,684 - - - 35 32 - 32 800 116 - 116 96 7,333 - 7,333 7,245 - - - - 360 - 360 341 - - - - 17 - 17 - 19,006 - 19,006 25,201 289 - 289 227 - - - - - - - - - - - - - - - 1,191 - - - - 289 - 289 1,418 - - - - - - - - 800 - 800 800 - - - - - - - - - - - - - - - 800 - 800 800 |
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THE STRAIGHT PATH
NOTES TO THE ACCOUNTS - Continued
YEAR ENDED 31 MARCH 2025
| 4 Staff Costs 2025 £ Staff costs were as follows:- Wages and Salaries 11,148 Pensions - Employers NI contributions - 11,148 The average weekly number of staff employed by the Charity during the year w Direct Charitable Workers Administration No employee earned in excess of £ 50,000 in the year and no remuneration wa trustees in the year. 5 Debtors: due within one year 2025 £ Prepayments - Other debtors - Accrued Income - - 6 Creditors: amounts falling due within one year 2025 £ £ Deferred Income (Grants):- - Accruals 400 PAYE - Other creditors: Others 965 1,365 1,365 7 Analysis of Net Assets between funds General Funds £ Current Assets 72,045 Current Liabilities 1,365 - 70,680 |
2024 £ 16,684 35 - 16,719 as:- s paid to 2024 £ - 3 - 3 2024 £ £ - 400 - 700 1,100 1,100 Restricted Total Funds Funds £ £ - 72,045 - 1,365 - - 70,680 |
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THE STRAIGHT PATH
NOTES TO THE ACCOUNTS - Continued
YEAR ENDED 31 MARCH 2025
| **8 ** | Movements in Funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At 1 | April | Incoming | Outgoing | At 31 Mar | At 31 Mar | |||
| 2024 | Resources | Resources | Transfers | 2025 | 2024 | |||
| £ | £ | £ | £ | £ | £ | |||
| Restricted Funds:- | ||||||||
| - | - | - | - | - | - | |||
| Total Restricted Funds | - | - | - | - | - | - | ||
| Unrestricted Funds:- General Funds |
62,534 | 28,241 | 20,095 | - | 70,680 | 62,534 | ||
| Total Unrestricted Funds | 62,534 | 28,241 | 20,095 | - | 70,680 | 62,534 | ||
| Total Funds | 62,534 | 28,241 | 20095 | - | 70,680 | 62,534 | ||
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