The Suffa Educational Foundation Report and Accounts Period ended 31" March 2021 Charity number: 1186530
The Suffa Educational Foundation Contents Reference and Administrative details.................. Trustees, Report...................................................................................................................................... Independent Examinerfs Report............................................................................................................. Statement of Financial Activities. Balance Sheet.......................................................................................................................................... Statement of Cash Flows . .10 Notes to the Accounts.................................................................................................................. ........11 Page 2 of IS
The Suffa Educational Foundation Reference and Administrative details Charity name The Suffa Educational Foundation Registered charity number 1186530 Prlnclpal office address Shaftesbury Centre. Unit 8 85 Barlby Road London WIO 6BN Chalrperson A Nazri Trustees A Nazri (Appointed on 30 June 20201 A Lane IAppointed on 8 March 20191 S Noor (Appointed on 30 June 20201 Banker$ HSBC Bank 240 Lavender Hill Clapham Junction 5WII ILH Independent Examlner Haroon Patel, ACCA Strone Accountants Unit 10, 45 Gillender Street Poplar E14 6RN Page 3 of IS
The Suffa Educational Foundation Trustees, Report The trustees have pleasure in presenting their report and the financial statements for the charity for the period ended 31" March 2021. 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 IFRS 1021 leffecttve I january 20151. The trustees have considered the Chartty CommisSn'S guidance on public benefit, including the guidance 'public benefit.. running a charity IPB21'. The Trustees present their report and the financial statement5 for the period ended 31" March 2021. The Trilstees who served during the period and up to the date of this report are Set out on page 3. Structure, Governance and Management The Charity is constituted as a Chaiitable Incorporated Organisation ICIOI Foundation, as è body corporate under Part 11 of the Charities Act 2011 on 19 November 2019. The CIO registered with the Charity Commission on 22 November 2019. Objectives and Actlvlties The charity was formed to further advance the religion of Islam for the public benefit in London and the surrounding areas through the holding of prayer meetings. lectures, public celebration of religious festivals and distribution of literature on Islam to enlighten others about the religion. To also benefit the residents of London and the surrounding areas without distinction of sex, sexual orientation, race, political or religious opinions by associating together in common effort to advance education and to provide facilities in the interest of Social welfare for recreation and leisure time occupation with the objective of improvin8 the conditions of life for the communities. Achievements and Performance In the first period as a re8isiered charity, The Suffa Educational Foundaiion provided Islamic education to ihe community in London and the rest of the UK through variou5 classe5 and workshops, and found great participation from its communty in London and throughoul the UK. People from all walks of life came to the ¢haiity to enquire about Islam, to ask for support & counselling for personal matters as well as dtJrin8 their di1¢It limes, to access rts matrimonial services, and io gain knowledge by attending various classes on the different aspects of Islam, from theology. jurisprudence to spirituality. The first period of the chartty also saw an inta$e in participation to the weekly KAFA program, which focuses on teaching Qurf3n and Islam to chIldn and teenagers wtthin the community. Moreover, there was significant participation for the charitrfs courses on Marriage, Moonsighting. Ramadan and the Body. as well as Death and Bereavement. Ramadan prayers at its centre in west London provided a unique opportunity for the entire community to come together to learn about and celebrate an important Islamic occasion and the two annual Eid gatherings saw upwards of 200 members of the community congregate at any one time. Page 4 of IS
The Suffa Educational Foundation The global pandemic has completelytransformed the way in which the world operates. Consequently. the institution has had to adapt to these new demands. so that it may continue to serve the community and still grow as an organisation. Primarily. this has meant a complete migration of all of its courses. services and offerings onto the digital platform. The participation in viewership for its online classes and programs has been remarkable during the pandemic. allowing the charity to reach and interact with new faces and families across Europe, the Middle East and Asia, and beyond. More locally, the lockdown meant that the most vulnerable from the community needed help with day-to- day activities like acquiring medicine and grocery shopping, but also with difficult situations such a5 loneliness and the loss of a loved one. fime and resources were devoted toward5 making Sure that those needs were mel and a5515ted with, and that the community felt united, and their welfare cared for during such a thallenging time. Flnancial Review During the perlod in review, the charrty managed to raise £178,293 from donatlons recelved through various fundraising activities throughout the year. Examples of such fundraising activities include the Ramadan fundraiser, Zakat collection, Qurban program, as well as other charitable activities such as corporate sponsorships. calendar fundraiser. and proceeds from the KAFA program. The funds were used for- the administration of the chariws various programs and classes, management of its social welfare and community services before and during the pandemic, as well as alms towards the poor and the needy from the community. On top of this. the funds were used to pay for the charity's overheads, which include rent, utilities, as well as administrative costs such as salarles, consultancy & legal fees. Income for the 16-month period to 31. March 2021 amounted to £178,293 and expenditure amounted to £157.427. which resulted in a surplus of £20.866. Reserves Policy Per the Charity Commission guidance. the Trustees regularly review the level of income resee5 that it considers appropriate to carry on fulfilling the objectives of the charity. At 31" March 2021, the Trustees consider it appropriate to aim to hold unrestricted reserves equivalent to three months, worth of expenditure. The unrestricted reserves as at 31 March 2021 amounted to £9,879. Page 5 of IS
The Suffa Educational Foundation ststement of Trustees. Responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IUn¢ted Kingdom Generally Accepted Accounting Practicel- Law applicable to charttie5 in England and Wales requires the trustees to prepare financial 5tatementS for each financial year, which give a true and fair view of Charity and of the incoming resources and application of re50urce5 of the Charity for that year. In preparing these financial statements the Trustees Jre required to.. select suitable accounting policies and then apply them consistentty,. obseNe the methods and principles in the Charities SORP.. make judgments and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and exp13ined in the financial statements,. and prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the charity will continue in operation. The tru5tee5 are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial Statements tomply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2(X)8. They are also responsible for safeguarding the asseis of the charity and hence for taking reasonable steps for the prevention and dete¢tion of fraud and other. This report was approved by the trustees and signed on its behalf by Date.. 2910112022 Mr Amer Farhan bln Ahmad Nazrl Chalrperson, Board of Trustees Page 6 of IS
The Suffa Educational Foundation Independent Examinerfs Report To the trustees of The Suffa Educational Foundation I report on the accounts of the above charitable incorporated or8ani5ation for the period ended 31 March 2021, which are set out on pages 8 to 15. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arfl. The Charity's trustees consider that an audit is not required for this period under section 144 of the Act and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act. to follow applicable Direction5 given by the Charity Commission (under section 14515llbl of the Act, and To state whether particular matters have come to my attention. Basls of Independent examlnerfs statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination inclvdes a review of the accounting records kept by the charity and a comparison of the accounis presented wilh those records. It 3150 includes consideration of any unusual iiems or disclosures in the 8ccounis, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do noi provide 311 the evidence that would be required in an audit, and consequently no opinion 1$ given as to whether ihe accounts present a 'true and fal vlew and the report is Ibmrted to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in. any material respect: accounting records were not kept in accordance with section 130 of the Charitie5 Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date.. 291112022 Haroon Patel. ACCA Independent Examlner Strone Accountants Unlt 10, 45 Gillender Street Poplar E14 6RN Page 7 of IS
The Suffa Educational Foundation Statement of Financial Activities Period Ended 31 March 2021 Unrestrirted Re5tritted fvnds funds 2021 Total funds Notes Incomln8 resources Donations and legacies Charitable activities 139.820 19.029 19.444 159.264 19.029 Total Incoming resource5 158.849 19.444 178,293 Resources expended Chaiitable actwities 1148.9701 18,4571 1157,4271 Total Resources expended 1148.9701 18,4571 1157,4271 Net incomellexpenditure) 9,879 10,987 20,866 Net movement in funds 9,879 10,987 20,866 Re¢on¢lllatlon oAfvnds.' Total funds brought forward Total funds carrled forward 9,879 10,987 20,866 Page 8 of IS
The Suffa Educational Foundation Balance Sheet As at 31 March 2021 Vnrestrlcted funds Restrfrted funds 2021 Total funds Notes Current assets Debtor5 Cash at bank and in hand 3,780 9,919 3,780 20,906 10,987 Total current a55et5 13.699 10.987 24.686 Creditors: amounts falling due within one year io 13.8201 13.8201 Net current assets/(Ilobllltles) 9.879 10.987 20.866 Totol assets less current Ilobllltles 9.879 10.987 20.866 Credltors: amounts falllnE due after one year Totol net ossets or lioblllties 9.879 10.987 20.866 Funds of the Charlty Restricted income funds li 10.987 10,987 9.879 Unrestricted funds 9,879 Totolfvnds 9.879 10.987 20.866 The financial statements were approved and authorised for issue by the Board and signed on its behalf Date.. 2910112022 Mr Amer Farhan bin Ahmad Nazri Chairperson. Board of Trustees Page 9 of IS
The Suffa Educational Foundation Statement of Cash Flows 2021 Cash flows from operating activities: Net movement in funds 20.906 Net Cash flow of operating artivities 20.906 Change in cash and cash equivalents in the year 20,6 Cash and Cash equivalents brought foN•ard Total cash and cash equivalents at the end of the year 20,906 Page 10 of IS
The Suffa Educational Foundation Notes to the Accounts Accounting Policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of preparation IFRS1021 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 IFRS 1021 leffectwe l January 20151 (Charities SORP IFRS 10211, the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Suffa Education Foundation meets the definition of a public benefit entrty under FRS 102. Assets anil liabilities are initially CognISed at hisiorical cost or trans8n value unless otherwise stated bn the relevant accounting policy notelsl. Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the r(emlsl of income have been met. r( is probable that the income will be received. and the amount can be measured reliably. Income, whether'capital, grants or'revenue, grants. is recognised when the charity has entitlement to the funds, any performance condrtions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Income received in advance of a project or provi5itin of other specrfied service is deferred until the criteria for income recognition are met. Donated services and facllities Donated professional services and donated facililies are recognised as income when the charity has control over the iiem, any conditions a$50ciated with the donaied item have been met, the receipt of economic benefit from the use by the charrty of the rtem is probable and that economic benefit can be measured reliablv. On receipt, donated professional services and donated facilrties are recognised based on the value of the gift to the charity which is the amount the charitywould have been willin8 to payto obtain services or faciltties of equivalent economic benefrt on the open market. Page 11 of IS
The Suffa Educational Foundation Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the Trustees have decided to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for areas of the charlS work or for specific projects being undertaken by the charity. Expendlture Expenditure is recoBnised once there is a legal or constructive obligation to make a payment to a third party, tt is probable that settlement will be required. and the amount of the obligation can be measured reliably. Expendrture is classrfied under the following activity headings.. Irrecoverable VAT Is char8ed as 3 cost agalnst the aclivity for which the expenditure was Incurred. All ocatlon of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable actThiities. Support costs include back office costs. finance. personnel and governance costs which support the charitrfs artistic programmes and actNities. Support costs have been allocated in proportion to expenditure incurred in undertaking an activity. Cash at bank and In hand Cash at bank and cash in hand includes cash and amounts in dewsri account5. Debtors and Prepayments Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Analysls of Incomln8 Resources Unrestrirted funds Restricted funds 2021 Total funds Donations and legacies Charitable activities 139,820 19.029 158,849 19,444 159,264 19,029 178,293 Total 19,444 Page 12 of IS
The Suffa Educational Foundation Analysis of Resourtes expended Staff Other Support costs 2021 Totsl costs Costs Charitable activitias Acliv(ties undertaken directly.. 72,691 13.758 70,978 157,428 Totsl 72,691 13,7S8 70,978 157,427 Analysls of staff costs, Charlty remuneratlon and expenses, and key management personnel. 2021 Salaries and Staff Wages Tax and Social Security Costs 70,859 1,832 Total 72,691 No employees had employee benefits more than E60,( The charity trustees were not paid or received any other benetits from employment with the charitv, neither were they reimbursed expenses during the period. No other charity received payment for professional or other services supplied to the charity. Page 13 of IS
The Suffa Educational Foundation Staff Numbers The average monthly head count wa5 3 staff and the average monthly number of full-time equivalent employees lincluding casu31 and part-time st3ffj during the period were as follows: 2021 Charitable Activities Related Party Transactions Neither the Trustees nor any persons connected with them received any remuneration, benefits in kind from the Charity during the period. During the period under review. no trustees received relmbursement of travelling expenses. During the period the company paid rent of £45,9CQ to Sofa Education Ltd for the use of their premises. The director of this company is Mr A Lane who is also a trustee of The Suffa Educational Foundatlon. Corporatlon Taxatlon The charity is exempt from corporation tax on its income and gains to the extent that these are applied to its charitable objectives. Debtors 2021 Rent deposrt 3.780 Total 3,780 Page 14 of IS
The Suffa Educational Foundation Cash at Bank and in Hand 2021 Cash at Bank Cash In Hand 20,602 304 Total 20,906 io. Credltors: amounts fallln8 due wlthln one year 2021 Accruals Tax and Soclal Securlty Costs 1,200 2,620 Total 3,820 ii. Charlty Funds 2020 Balance BIF 2021 Balance CIF Incorne Expendbture Transfers Fund names Zakaat Restrirted Qurbani Restrirted General Fund Unrestricted 13,087 6,357 158,849 12,1001 16,3571 1148,9701 10,987 9,879 Total Funds 178,293 1157,4271 20,866 Page 15 of IS