OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1187628

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

THE JOSEPH EDUCATION TRUST

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

THE JOSEPH EDUCATION TRUST

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13

THE JOSEPH EDUCATION TRUST

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charity's objects are:

Page 1

THE JOSEPH EDUCATION TRUST

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE Charitable activities

Our services/events:

Page 2

THE JOSEPH EDUCATION TRUST

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Financial position

In this financial year, TJET has been in surplus and with continuing demand for services and support for the Charity, the financial outlook going forward into 2025/26 remains positive. The Trustees will continue working closely with all the volunteers and ensure the momentum is maintained to successfully deliver the future plans of TJET.

Reserves policy

The Trustees have established a policy whereby the unrestricted funds held by the charity should be sufficient to cover four months of the resources expended. The Trustees will ensure that the restricted funds are expended so that the conditions attached to such funds are met. At present, the level of unrestricted funds exceeds the target level.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The existing trustees are responsible for the recruitment of new trustees but in doing so the trustees seek the views and recommendations of both elders and other members of the organisation. The trustees believe this approach ensures that new trustees are respected and trustworthy members of the faith and local communities and ensures that good relations are fostered between the Trust and the people of the local community that we serve.

In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees' meetings as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees' meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.

Risk management

Trustees routinely perform risk assessments to identify key risks relevant to the charity. They have updated and added to the wide range of policies and procedures in place. All Trustees and volunteers are provided with a handbook, which informs them of the Charites policies. This includes the Health and Safety and Safeguarding policies.

The Trust is constituted as a charitable trust registered with the Charity Commission. It is governed by a constitution.

The charity trustees are responsible for the general control and management of the charity.

The trustees give their time freely and receive no remuneration or other financial benefits.

The trustees meet together as a body quarterly and are responsible for all decisions taken in relation to running the organisation and the activities provided by the charity. At the quarterly meetings, the Trustees review the charity's financial position, progress, issues and direction of the organisation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1187628

Principal address

Ellen House Waddington Street Oldham OL9 6QH

Page 3

THE JOSEPH EDUCATION TRUST

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mohammed Iqbal Ali Najia Begum Sufyan Boodi Mohammed Imran Ali Amir Khan Ejazur Rahman

Independent Examiner

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

Approved by order of the board of trustees on 12 December 2025 and signed on its behalf by:

Mohammed Iqbal Ali - Trustee

Page 4

Independent Examiner's Report to the Trustees of

The Joseph Education Trust

Independent examiner's report to the trustees of The Joseph Education Trust

I report to the charity trustees on my examination of the accounts of The Joseph Education Trust (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns 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.

Shamim Mahomed

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

12 December 2025

Page 5

THE JOSEPH EDUCATION TRUST

Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Management
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
2025
Unrestricted
fund
£
230,418
141,825
88,593
1,219,796
1,308,389
2024
Total
funds
£
142,018
88,164
53,854
1,165,942
1,219,796

The notes form part of these financial statements

Page 6

THE JOSEPH EDUCATION TRUST

Balance Sheet 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Debtors
5
Cash at bank
CREDITORS
Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
8
Unrestricted funds
TOTAL FUNDS
2025
Unrestricted
fund
£
1,694,276
5,079
10,051
15,130
(401,017)
(385,887)
1,308,389
1,308,389
1,308,389
1,308,389
2024
Total
funds
£
1,570,582
5,079
12,065
17,144
(367,930)
(350,786)
1,219,796
1,219,796
1,219,796
1,219,796

The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mohammed Iqbal Ali - Trustee

The notes form part of these financial statements

Page 7

THE JOSEPH EDUCATION TRUST

Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 15% Reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

THE JOSEPH EDUCATION TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025

2. TRUSTEES' REMUNERATION AND BENEFITS

2025 2024
£ £
Trustees' salaries 21,642 -

For the year ended 31st March 2025, a total of 3 trustees' were paid salaries.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Management
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
fund
£
142,018
88,164
53,854
1,165,942
1,219,796

4. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
Freehold
property
£
1,495,965
-
1,495,965
-
-
-
1,495,965
1,495,965
Improvements
to
property
£
72,033
124,081
196,114
-
-
-
196,114
72,033
Fixtures
and
fittings
£
3,577
-
3,577
993
387
1,380
2,197
2,584
Totals
£
1,571,575
124,081
1,695,656
993
387
1,380
1,694,276
1,570,582

continued...

Page 9

THE JOSEPH EDUCATION TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025

5.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 7)
Trade creditors
Taxation and social security
Other creditors
7.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
8.
MOVEMENT IN FUNDS
At 1/4/24
£
Unrestricted funds
General fund
1,219,796
TOTAL FUNDS
1,219,796
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
230,418
TOTAL FUNDS
230,418
2025
£
5,079
2025
£
398,000
253
195
2,569
401,017
2025
£
398,000
Net
movement
in funds
£
88,593
88,593
Resources
expended
£
(141,825)
(141,825)
2024
£
5,079
2024
£
366,250
-
-
1,680
367,930
2024
£
366,250
At
31/3/25
£
1,308,389
1,308,389
Movement
in funds
£
88,593
88,593

continued...

Page 10

THE JOSEPH EDUCATION TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
At 1/4/23
£
1,165,942
1,165,942
Net
movement
in funds
£
53,854
53,854
At
31/3/24
£
1,219,796
1,219,796

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
142,018
142,018
Resources
Movement
expended
in funds
£
£
(88,164)
53,854
(88,164)
53,854
Resources
Movement
expended
in funds
£
£
(88,164)
53,854
(88,164)
53,854
53,854

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS
At 1/4/23
£
1,165,942
1,165,942
Net
movement
in funds
£
142,447
142,447
At
31/3/25
£
1,308,389
1,308,389

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
372,436
372,436
Resources
Movement
expended
in funds
£
£
(229,989)
142,447
(229,989)
142,447
Resources
Movement
expended
in funds
£
£
(229,989)
142,447
(229,989)
142,447
142,447

continued...

Page 11

THE JOSEPH EDUCATION TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 12

THE JOSEPH EDUCATION TRUST

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Fee Income
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Wages
Pensions
Light and heat
Telephone
Postage and stationery
Food
R&R
Legal & Professional
Books
Computer Costs
Training
Support costs
Management
Insurance
Sundries
Fixtures and fittings
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net income
2025
£
134,809
95,609
230,418
230,418
21,642
62,565
483
2,984
1,448
4,054
464
6,480
2,939
9,636
10,587
7,280
130,562
6,880
-
388
7,268
671
3,324
141,825
88,593
2024
£
-
142,018
142,018
142,018
-
-
-
8,451
1,019
5,116
1,805
38,839
4,215
7,591
11,074
3,462
81,572
3,994
612
456
5,062
570
960
88,164
53,854

This page does not form part of the statutory financial statements

Page 13