South East Asian Islamic Council UK (Formerly Known as The Suffa Educational Foundation) Report and Accounts Period ended 31st March 2025 Charity number: 1186530 South East Asian Islamic Council UK Period ended 31 March 2025 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 South East Asian Islamic Council UK Period ended 31 March 2025 Reference and Administrative details Charity name South East Asian Islamic Council UK Reglstered ¢harity number 1186530 Prln¢lpal offlce address 279B Kensal R(1 London WIO 5D8 Chalrperson A Nazri Trustees A Nazri M Shahrir l Appointed I September 20251 M Kamaludin l Appointed 3 July 20241 M Yusuf ( Appointed 3 July 20241 Bankers HSBC Bank 240 Lavender Hill Clapham Junctlon SWII ILH Independent Examlner Haroon Patel. FCCA Strone Accountants 353 Strone Road London E12 6TW Page 3 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Trustee5' Report The trustee5 have pleasure in presenting their report and the financial statements for the charity for the period ended 315t March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their atcounts in accordance with the Financial Reportingstandard applicable in the UK and Republic of Ireland IFRS 1021 leffertive ljanuary 20151. The trustees have considered the Charity Commission's guidante on public benefit, intlvding the guidance 'public benefit.. running a charity IPB21'. The Trustees present their report and the financial statements for the period ended 31st March 2025. The Trustees who served dvring the period and up to the (late of this report are set out on paBe Structure, Govemance and Management The Charity is constituted as a Charitable Incorporated Organisation ICIOI Foundation, as a bodv corporate under Part 11 of the Charities Act 2011 on 19 November 2019. The CIO registered with the Charity Commission on 22 November 2019. Oblertlves and Actlvlt5es The charity was formed to further advance the reli8ion 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 a550ciating 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. Achlevements and Performance The period ended 31st March 2025 saw the South East Asian Islamic Councll UK increase Its Increase in co-operation with other organisations to further strengthen our Islamic education programmes, namely co-operation with scholar5 from renowned institutes who were brought on a5 honorary advisors for our Quran programme. We also reached another major milestone whereby the charity conducted its first ever awards ceremony and fundraising gala to honour its teacher5, Students. staff and volunteers, to celebrate decade of community work. as well as to raise funds for the year. Additionally, the charity has increased its outreached prograrnme by conducting weekly Jumaah prayers in the town of Royal Wooton Ba55ett. to fulfil a communal obligation there for the Muslim Community. Page 4 of IS South East Asian Islamic Council UK Period ended 31 March 2025 From an education perspective. Alongside the now global KAFA programme with upwards of 220 students from around the world. the charity also established online tuitions for UK students sitting their Year 6 SATS in order to support students athieve academic excellence beyond their religious education. Financial Review During the period in review, the charity managed to raise £448.857 from donations received and charitable activities throughout the year. Ramadan continued to be an especially crucial & strategic 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. In this period, significant donations were received from corporations with whom the charity continue to establish excellent rapport with. The funds were used for.. the administration of the charitvs various programs and classes. management of its social welfare and community services, as well a5 alms towards the poor and the needy from the community. On top of this. the fund5 were used to pay for the charity's overhead5, which include rent, utilities, as well as administrative costs such a5 Salaries and software. Income for the 12-month period to 31st March 2025 amounted to £448,857 and expenditure amounted to £361,485 which resulted in a surplus of £87,372. 8ased on the performance in review, the trustees are optimlstic that the charlty wlll contlnue to operate for the foreseeable future. Reserves Pollcy Per the Charity Commission 8uidance, the Trustees Tegularly review the level of income reseNes that it consider5 appropriate to carry on fulfilling the objectives of the charity. At 31st March 2025, the Trustees consider It appropriate to aim to hold reserves atleast equivalent to one month's worth of expentlitvre. The reserves as of 31 March 2025 was £83,625. Page S of IS South East Asian Islamic Council UK Statement of Trustees. Responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Urhited Kingdom Accounting Standard5 (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 method5 and principles in the Charitie5 SORP,. make judgrnents and estimates that are reasonable and prudent; state whether applicable UK Accounting Standard5 have been followed, subjett to anv material departure5 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 lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Art 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other. This report wa5 approved by the trustees and SiBnÈd on its behalf bv Date.. 1610212026 Mr Amer Farhan bln Ahmad Na2rl Chalrperson. Board of Trustees Page 6 of IS South East Asian Islamic Council UK Independent Examinerfs Report To the trustees of South East Asian Islamic Council UK I report on the accounts of the above charitable incorporated organi5ation for the period ended 31 Marth 2025, 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 20111.the ACVI. The Charitvs 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 Art, to follow applicable DirectLOrts given by the Charity Commission (under section 14515llbl of the Act, and To state whether partlcular matters have come to my attentlon. Basls of independent examinerfs Statement My examination was carried out in accordance with general Directions ￿'Ven by the Charitv Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of anv 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 a5 to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examlner's ststement In connettion 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 Art 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. Date: Haroon Patel. ACCA Independent Emaminer Stronè Accountants 353 Strone Road, London E12 6TW 1612126 Page 7 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Statement of Financial Artivities Period Ended 31 March 2025 Unre5trirted lunds Restrirted funds 2025 Totsl funds 2024 Total funds Notes Incoming resources Donations and legacies Charitable activities 279.741 151,716 17,41XI 297.141 151.716 230,666 69,553 Total Incomln8 resour¢es 431.457 17,4110 448,857 300,219 Re50urce5 expended Charitable activities 1355.0301 16.4551 1361,4851 1268,7921 Total Resources expended 1355,0301 {6,4551 1361,4851 1268,7921 Net Incomellexpendlturel 76.427 10,945 87,372 31,427 Net movement In funds 76.427 10.945 87,372 31,427 Reconclllatlon offunds." Total funds brought forward Transfer 5.372 1.826 19.968 11.8261 25,340 16,0871 Total fvnds carried forward 83.625 29,087 112,712 25,340 Page 8 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Balance Sheet As at 31 March 2025 Unrestrlthd funds Restrlcted funds 2025 Totsl funds 2024 Total funds Notes Fixed assets Computer and equipment 2,137 2.137 2,137 2.137 656 656 Current assets Debtors Cash at bank and in hand 8,489 97,224 8,489 126,311 10,163 39,716 io 29,087 Totol current ossets Credltors: amounts falling due within one year 105.713 29.087 134,81XI 49,879 li 124,2251 124,2251 125,1951 Net current ossets/fllobllltlesJ 81.488 29,087 110,575 24,684 Totol ossets less current Iloblllties 83,625 29,087 112,712 25,340 Creditors: amounts falling due after one year Totol net ossets or Ilobllltles 83.625 29,087 112.712 25,340 Fund5 of the Char 12 Restritted income funds 29,087 29,087 83,62S 19,968 5,372 Unrestricted funds 83.625 Totolfvnds 83.625 29.087 112.712 25,340 The financial statements were approved and authorised for issue by the Board and Signed on its behalf by.. Date.. Mr Amer Farhan bln Ahmad Nazrl Chalrperson, Board of Trustees Page 9 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Statement of Cash Flows 2025 2024 Cash flows from operatln8 activltles: Net movement in funds 86,595 29,398 Net cash Ilow of operating activities 86,595 29,398 Change In cash and cash equivalents ID the year 86,595 29,398 Cash and Cash equivalents brou8ht forward 39,716 10,318 Total cash and cash equivaleDts at the end of the year 126.311 39,716 Page 10 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Notes to the Accounts Accounting Policles The principal accounting policies adopted, judgements and key sources of estimation untertainty in the preparation of the financial statements are as follows.. Bosls of preparatlon IFR$1021 The financial statements have been prepared in accordance with Accounting and Reporting bv 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 l January 20151 Icharities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The South East Asian Islamic Council UK meets the definition of a public benefit entity under FRS 102. A55et5 and liabilities are initially recogrbised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notel51. The financial statements a￿ presented in sterling whSch Is the functional currency of the charlty and are not rounded. Income Income Is recognised when the charity has entitlement to the funds, any performance conditlons attached to the itemlsl 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. 15 recognised when the charity has entitlement to the funds, any performante conditions attached to the grants have been met, it is probable that the ncome will be received, and the amount can be measured reliably and is not deferred. Incorne 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 tacilitles 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 isthe amount the charity would have been willing to payto obtain setvice5 or facilities of eqvivalent economic benefit on the open market. Page 11 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charitv. 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 ha5 specified are to be solely used for areas of the charit15 work or for specific projert5 being undertaken by the charity. Expendlture 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. Allocatlon of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support cost5 include bèck office costs, finance, personnel and governance costs which support the charity's artistit programmes and activities. Support costs have been allotated in proportion to expenditure incurred in undertaking an activity. Cash at bank and Sn hand Cash at bank and cash in han(J inclu(Jes cash and amounts in deposit accounts. Debtors and Prepayments Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered. Prepayments are valued at the èmount prepai(J net of any trade discounts due. CredStors and provlslons Credltors and provlsions 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 normallv recognised at their settlement amount after allowing for any trade discounts due. Page 12 of IS South East Asian Islamic Council UK Period ended 31 March 2025 Analysis of Incoming Resource5 uN￿StrIrtéd fvnds Restrlrted fvnds 2025 Total funds 2024 Total funds Donations and legacies Charitable activitie5 279.741 151.716 I7,4￿) 297,141 151.716 230,666 69,553 3CKJ,219 Total 431,4S7 17.400 448,857 Analysis of Resources expended Stsff costs Othor ¢o$ts Support ¢o$ts 202S Total 2024 Totsl Charftabl• actlvltle8 Activities undertaken directly.. 180.357 17.674 163,454 361,485 268,792 Total 180.357 17.674 163,454 361,485 268.792 Analys15 of staff costs, Charity remuneratlon and expense5, and key management personnel. 2025 2024 Salaries and Staff Wages Tax and Social Security C05t5 167.929 139.991 12,428 5,737 Total 180,357 145,728 l employee had employee benefrts between £60,(KKJ- £69,99912024- 01. 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. Page 13 of IS South East Asian Islamic Council UK Period ended 31 March 2025 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 staffj during the period were as follows.. 2025 2024 Charitable Activitie5 Related Party Tiansartlons Nelther the Trustees nor any persons connectetl with them recelvetl any remuneratlon, beneflts in kind from the Charity during the period. Durin8 the period under review, no trustees received reimbursement of travelling expenses. 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. Flxed assets 2025 2024 Computer and Equipment Cost Depreciation for the year Accumulated Depreciation BIFwd 5,537 11.3501 12.0501 2,706 11,1481 19021 2,137 656 Debtors 20Z5 2024 Rent Deposit Other Debtors 10.163 1.189 8.489 10,163 Page 14 of IS South East Asian Islamic Council UK Period ended 31 March 2025 io. Cash at Bank and In Hand 2025 2024 Cash at Bank 118,928 7.383 39.264 452 Cash in Hand Total 126.311 39,716 ii. Creditors: amounts falling due within one year 2025 2024 Accruals Social Security Taxes Other Creditors 2,450 21,562 213 1.300 23,615 280 Total 24,225 25,195 12. Charlty Funds 2024 Balance BIF 2025 Balance C/F Income Expendlture Translers Fund names Zakaat Restricted Qurbani Restricted General Fund Unrestricted 18.142 1.826 5,372 11.745 5.655 431,457 I8￿) 15.6551 1355,0301 29,087 11.8261 1,826 83,625 Total Funds 25,340 448.857 1361,4851 112,712 Page IS of IS