The Suffa Educational Foundation Report and Accounts st Period ended 31 March 2023 Charity number: 1186530 The Suffa Educational Foundation Period ended 31 March 2023 Contents Reference and Administrative details..................................................................................................... Trustees Report . Independent Examiner's Report.. Statement of Financial Activities Balance Sheet.... .10 Statement of Cash Flows . .11 Notes to the Accounts . .12 Pa8e 2 of 17 The Suffa Educational Foundation Period ended 31 March 2023 Reference and Administrative details Charity name The Suffa Educational Foundation Reglstered charlty number 1186530 Principal office address 279B Kensal Rd London WIO 5DB Chairperson A Nazri Trustees A Nazri S Noor Z Yusoh Bankers HSBC Bank 240 Lavender Hill Clapham Junction SWII ILH Independent Examiner Haroon Patel, FCCA Strone Accountants Unit 10, 45 Gillender Street Poplar E146RN Pa8e 3 of 17 The Suffa Educational Foundation Period ended 31 March 2023 Trustees, Report The trustees have pleasure in presenting their report and the financial statements for the charity for the period ended 31st March 2023. 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 leffective I January 20151. The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity IPB21'. The Trustees present their report and the financial statements for the period ended 31st March 2023. The Trustees who served during the period and up to the date of this report are set out on page Structure. Governance and Management The Charity is constituted as a Charitable Incorporated Organisation ICIOI 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 Artivities 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 associatinE 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 2023 saw The Suffa Educational Foundation widening its reach, seeing yet again an increase in participation for the weekly KAFA program, which focuses on teaching Quran and Islam to children and teenagers within the community. The Quran classes for adults continued to see very encouraginE levels of subscription. especially amongst the female demographic. Alongside this, the charity continued to see significant uptake of its recently launched GSCE and SAT online tuition programs. These programs underpin the charity's commitment to servinE the youth in the community in a holistic way, beyond the remit of foundational religious knowledge. Community services such as nikah Imatrimonial services), Shahadah Iconversionl as well as counselling continued to be important for our diverse community who engage us in various life stages. Pa8e 4 of 17 The Suffa Educational Foundation Period ended 31 March 2023 The Suffa Educational Foundation continued to run weekly in-person gatherings as well as annual reliEIOUS events which saw the community coming together to not only learn but also to benefit from much-needed communal interaction. In-person events continue to be an important format from which the charity can provide ongoing support, whether spiritual or social. Financial Review During the period in review, the charity managed to raise £184,692 from donations received and charitable activities throughout the year. Ramadan continued to be a crucial & important time for raising funds through our Ramadan fundraiser and zakat collections. One-off donations as well as monthly donors continue to be essential for the sustainability of the charity. The funds were used for.. the administration of the charity's various programs and classes, management of its social welfare and community services, 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 and software. Income for the 12-month period to 31st March 2023 amounted to £184,692 and expenditure amounted to £232,585, which resulted in a deficit of £47,893. Despite the deficit, the trustees have reasonable expectation that the charity will continue to operate for the foreseeable future. Further information on this can be found in Note I to the financial statements. 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 31st March 2023. the Trustees consider it appropriate to aim to hold reserves equivalent to one month's worth of expenditure. The rese￿eS as of 31 March 2023 was in a deficit of £6,807. Pa8e 5 of 17 The Suffa Educational Foundation Period ended 31 March 2023 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 consistentlv,. 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= 3110112024 Mr Amer Farhan bin Ahmad Nazrl Chairper50n, Board of Trustees Pa8e 6 of 17 The Suffa Educational Foundation Period ended 31 March 2023 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 2023, which are set out on pages 9 to 17. 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 20111"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 lunder 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 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 8iven as to whether the accounts present a 'true and fairf view and the report Is limited 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 Charities Act or the accounts do not accord with the accounting records I have not Come across any 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, except for the emphasis on matter paragraph below. Emphasis on matter The charities reserves as of 31 March 2023 was in a deficit of £6,087. This is not in line with charities reserve policy. There is a material uncertainty regarding the charity to continue to adopt the going concern basis of accounting for a period of at least 12 months from the date the charity financial statements are authorised for issue. We draw attention to Note l in the financial statements which indicated that the charity's ability to continue as a going concern is dependent on the ability to raise further donations. Pa8e 7 of 17 The Suffa Educational Foundation Period ended 31 March 2023 Date: Haroon Patel, ACCA Independent Examiner Strone Accountants Unit 10, 45 Gillender Street E14 6RN 311112024 Pa8e 8 of 17 The Suffa Educational Foundation Period ended 31 March 2023 Statement of Financial Activities Period Ended 31 March 2023 Unrestricted funds Restricted funds 2023 Total funds 2022 Total funds Notes Incoming resources Donations and legacies Charitable activities 108,720 56,898 19,074 127,794 56,898 158,040 42,020 Total Incoming resources 165.618 19.074 184.692 200,060 Resources expended Charitable activities 1197,4981 135,0871 1232,5851 1182,5241 Total Resources expended {197,4981 135,087) 1232.5851 1182,5241 Net income/(expenditure) (31,8801 116,013) {47,8931 17,536 Net movement in funds (31,8801 116,013) {47,8931 17,536 Reconciliation offvnds." Total funds brought forward Transfer 14,493 982 27,313 19821 41,806 24,270 Total funds carried forward {16.4051 10.318 16.0871 41,806 Pa8e 9 of 17 The Suffa Educational Foundation Period ended 31 March 2023 Balance Sheet As at 31 March 2023 Unrestrirted funds Restricted funds 2023 Totsl funds 2022 Total funds Notes Fixed assets Computer and equipment 850 850 964 850 850 964 Current assets Debtors Cash at bank and in hand 3,780 3,780 10,318 4,397 41,016 io 10,318 Total current assets Creditors: amounts falling due wlthln one year 3,780 10,318 14,098 45,413 li 121,0351 121,0351 14,5711 Net current assets/(liabilltles) 117,255) 10,318 16,937) 40,842 Total assets less current Ilabllltles 116,405) 10,318 16,0871 41,806 Creditors: amounts falling due after one year Total net asset5 or liabilities 116,405) 10,318 16,087) 41,806 Funds of the Charity Restricted income funds Unrestricted funds 12 10,318 10,318 116,4051 27,313 14,493 116,4051 Totalfunds 116,405) 10.318 16.087) 41,806 The financi21