The Suffa Educational Foundation
Report and Accounts Period ended 31[st] March 2022
Charity number: 1186530
The Suffa Educational Foundation Period ended 31 March 2022
Contents
Reference and Administrative details ..................................................................................................... 3 Trustees' Report ...................................................................................................................................... 4 Independent Examiner’s Report ............................................................................................................. 7 Statement of Financial Activities ............................................................................................................ 8 Balance Sheet .......................................................................................................................................... 9 Statement of Cash Flows ...................................................................................................................... 10 Notes to the Accounts .................................................................................................................. ……..11
Page 2 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Reference and Administrative details
Charity name The Suffa Educational Foundation Registered charity number 1186530 Principal office address Shaftesbury Centre, Unit 8 85 Barlby Road London W10 6BN Chairperson A Nazri Trustees A Nazri S Noor Z Yusoh (Appointed 30 June 2022) Bankers HSBC Bank 240 Lavender Hill Clapham Junction SW11 1LH Independent Examiner Haroon Patel, FCCA Strone Accountants Unit 10, 45 Gillender Street Poplar E14 6RN
Page 3 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Trustees' Report
The trustees have pleasure in presenting their report and the financial statements for the charity for the period ended 31[st] March 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 2015).
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The Trustees present their report and the financial statements for the period ended 31[st] March 2022. The Trustees 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 Charitable Incorporated Organisation (CIO) Foundation, as a 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 Activities
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 improving the conditions of life for the communities.
Achievements and Performance
The period ended 31st March 2022 saw The Suffa Educational Foundation continuing to provide Islamic education to the community in London and the rest of the UK through various classes and workshops. This period saw continued participation from its community in London and throughout the UK. People from various backgrounds sought the charity to enquire about Islam, ask for support or to seek counselling as well as to benefit from the matrimonial services that the charity provides. The charity continued to provide courses in theology, jurisprudence and spirituality, while also expanding its central offering of Quran classes for children, teenagers and adults . The charity also saw an increase in participation to the weekly KAFA program, which focuses on teaching Quran and Islam to children and teenagers within the community, which, having run completely online, has seen a significant increase in the number of students.
Page 4 of 15
The Suffa Educational Foundation Period ended 31 March 2022
While running the majority of its courses online in a new post-pandemic format, the Suffa Educational Foundation continued to run weekly in-person gatherings which saw the community coming together to not only learn but also to benefit from much-needed communal interaction. This allows the community to benefit from face-to-face interaction and support from the scholars and staff regarding various matters of religious and social life.
Financial Review
During the period in review, the charity managed to raise £200,060 from donations received and charitable activities throughout the year. Examples of such donations included the Ramadan fundraiser, zakat collections and our Qurban programme, while charitable activities included corporate sponsorships, KAFA fees as well as fees for our matrimonial service.
The funds were used for: the administration of the charity’s 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 salaries, consultancy & legal fees.
Income for the 12-month period to 31[st] March 2022 amounted to £200,060 and expenditure amounted to £182,524, which resulted in a surplus of £17,536.
Reserves Policy
Per the Charity Commission guidance, the Trustees regularly review the level of income reserves that it considers appropriate to carry on fulfilling the objectives of the charity. At 31[st] March 2022, 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 2022 amounted to £14,493.
Page 5 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Statement 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 (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of Charity and of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe 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 explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees 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 comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008.
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.
This report was approved by the trustees and signed on its behalf by
………………………………………………………
Date: 27/01/2023
Mr Amer Farhan bin Ahmad Nazri Chairperson, Board of Trustees
Page 6 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Independent Examiner’s Report
To the trustees of The Suffa Educational Foundation
I report on the accounts of the above charitable incorporated organisation for the period ended 31 March 2022, which are set out on pages 8 to 15.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
I ndependent 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 Charities 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:
27/01/2023
Haroon Patel, ACCA Independent Examiner Strone Accountants Unit 10, 45 Gillender Street E14 6RN
Page 7 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Statement of Financial Activities Period Ended 31 March 2022
| Notes Incoming resources Donations and legacies 2 Charitable activities Total Incoming resources Resources expended Charitable activities 3 Total Resources expended Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted funds £ £ 128,089 29,951 42,020 - 170,109 29,951 (168,892) (13,632) (168,892) (13,632) 1,217 16,319 1,217 16,319 13,276 10,994 14,493 27,313 |
2022 Total funds £ 158,040 42,020 200,060 (182,524) (182,524) 17,536 17,536 24,270 41,806 |
2021 Total funds £ |
|---|---|---|---|
| 163,738 19,434 |
|||
| 183,172 | |||
| (158,902) | |||
| (158,902) | |||
| 24,270 | |||
| 24,270 | |||
| - 24,270 |
Page 8 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Balance Sheet
As at 31 March 2022
| Notes Fixed assets Computer and equipment 8 Current assets Debtors Cash at bank and in hand 9 10 Total current assets Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year Total net assets or liabilities Funds of the Charity 12 Restricted income funds Unrestricted funds Total funds |
Unrestricted funds Restricted funds £ £ 964 - 964 - 4,397 13,703 - 27,313 18,100 27,313 (4,571) - 13,529 27,313 14,493 27,313 - - 14,493 27,313 - 27,313 14,493 - 14,493 27,313 |
2022 Total funds £ 964 964 4,397 41,016 45,413 (4,571) 40,842 41,806 - 41,806 27,313 14,493 41,806 |
2021 Total funds £ |
|---|---|---|---|
| - | |||
| - | |||
| - 3,780 24,310 |
|||
| 28,090 | |||
| (3,820) | |||
| 24,270 | |||
| 24,270 | |||
| - | |||
| 24,270 | |||
| 10,994 13,276 |
|||
| 24,270 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
……..…………………………………………………… 27/01/2023 Date:…… ……………………………………………
Mr Amer Farhan bin Ahmad Nazri Chairperson, Board of Trustees
Page 9 of 15
The Suffa Educational Foundation Period ended 31 March 2022
| Statement of Cash Flows Cash flows from operating activities: Net movement in funds Net cash flow of operating activities Change in cash and cash equivalents in the year Cash and Cash equivalents brought forward Total cash and cash equivalents at the end of the year |
2022 £ 16,706 16,706 16,706 24,310 41,016 |
2021 £ |
|---|---|---|
| 24,310 | ||
| 24,310 | ||
| 24,310 | ||
| - 24,310 |
Page 10 of 15
The Suffa Educational Foundation Period ended 31 March 2022
Notes to the Accounts
1. 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 (FRS102)
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 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Suffa Education Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it 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 conditions 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 provision of other specified service is deferred until the criteria for income recognition are met.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.
On receipt, donated professional services and donated facilities are recognised based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market.
Page 11 of 15
The Suffa Educational Foundation Period ended 31 March 2022
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 charity’s work or for specific projects being undertaken by the charity.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel and governance costs which support the charity’s artistic programmes and activities. 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 deposit accounts.
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.
Creditors and provisions
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.
2. Analysis of Incoming Resources
| Donations and legacies Charitable activities Total |
Unrestricted funds Restricted funds £ £ 128,089 29,951 42,020 - 170,109 29,951 |
2022 Total funds £ 158,040 42,020 200,060 |
2021 Total funds £ |
|---|---|---|---|
| 163,738 19,434 183,172 |
Page 12 of 15
The Suffa Educational Foundation Period ended 31 March 2022
3. Analysis of Resources expended
| Charitable activities Activities undertaken directly: Total |
Staff Other Support costs costs costs £ £ £ 114,179 16,123 52,222 114,179 16,123 52,222 |
2022 2021 Total Total £ £ 182,524 158,902 182,524 158,902 |
|---|---|---|
4. Analysis of staff costs, Charity remuneration and expenses, and key management personnel.
| Salaries and Staff Wages Tax and Social Security Costs Total |
2022 £ 107,208 6,971 114,179 |
2021 £ |
|---|---|---|
| 70,859 1,832 72,691 |
No employees had employee benefits more than £60,000
The charity trustees were not paid or received any other benefits from employment with the charity, neither were they reimbursed expenses during the period. No other charity received payment for professional or other services supplied to the charity.
5. Staff Numbers
The average monthly head count was 3 staff and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the period were as follows:
| Charitable Activities | 2022 3 3 |
2021 |
|---|---|---|
| 3 3 |
Page 13 of 15
The Suffa Educational Foundation Period ended 31 March 2022
6. 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 reimbursement of travelling expenses.
7. Corporation Taxation
The charity is exempt from corporation tax on its income and gains to the extent that these are applied to its charitable objectives.
8. Fixed assets
----- Start of picture text -----
2022 2021
-
Computer and Equipment
1,445
- Cost -
- ( 481 )
Depreciation for the year
964 3,780
9. Debtors
2022 2021
Rent Deposit 3,780 3,780
Pension 617 -
4,397 3,780
10. Cash at Bank and in Hand
2022 2021
Cash at Bank 40,333 24,006
Cash in Hand 683 304
Total 41,016 24,310
----- End of picture text -----
Page 14 of 15
The Suffa Educational Foundation Period ended 31 March 2022
11. Creditors: amounts falling due within one year
| Accruals Social Security Taxes Total |
2022 £ 1,200 3,371 4,571 |
2021 £ |
|---|---|---|
| 1,200 2,620 3,820 |
12. Charity Funds
| Fund names Zakaat Qurbani Restricted Restricted General Fund Unrestricted Total Funds |
2021 Balance B/F £ 10,994 - 13,276 24,270 |
Income Expenditure Transfers £ £ £ 22,258 7,693 (5,939) (7,693) - - 170,109 (168,892) - 200,060 (182,524) - |
2022 Balance C/F £ |
|---|---|---|---|
| 27,313 - 14,493 41,806 |
Page 15 of 15