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2024-01-31-accounts

REPORT AND ACCOUNTS 31 JANUARY 2024

Company registration number: 11781697 Charity registration number: 1188243

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SIMPLEREASON.ORG

REPORT AND ACCOUNT CONTENTS

REPORT AND
ACCOUNT CONTENTS
Charity information 03
Charitable projects overview 04
Trusteess’ report 06
Independent examiner’s report 10
Income and Expenditure Accounts 11
Balance sheet 12
Notes to the accounts 13
Detailed income and expenditure account 14
Registered number: 1188243

03

SIMPLEREASON.ORG

COMPANY INFORMATION

Directors / Trustees

Asad Ahmed Hussain Ahmed Miss Mahbooba Sultana Quadir

Accountants

Capstone Accountants Unit G.05 93-101 Greenfield Road London E1 1EJ

Registered office

Unit 10, 5 Vine Court London E1 1JH

Charity Registered number

1188243

Company Registered number

11781697

04

SIMPLEREASON.ORG

CHARITABLE PROJECT OVERVIEW

In 2023, Simple Reason Charity experienced significant growth, making a substantial impact on communities in need.

Our mission is to provide vital necessities to vulnerable communities, helping them tackle challenges such as lack of food, water, and shelter. We strive to promote social justice, equality, and compassion, aiming to make impoverished communities selfsufficient.

Registered number: 1188243

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SIMPLEREASON.ORG

In 2023, we installed 34 community water facilities across Bangladesh and Pakistan, benefiting over 10,505 individuals, including 13 masjids, 16 madrasas, and 8 villages. We established two Maktabs in Sylhet and Cox’s Bazar, Bangladesh, educating 117 students, and supported 7 madrasas while providing teacher training in Bangladesh, Pakistan, Turkey, and Morocco. Our emergency response efforts reached 4,205 beneficiaries, including aid for the Turkey-Syria earthquake, the Bangladesh flood, and the Morocco earthquake. We provided winter clothing to 1,617 individuals in Bangladesh and Morocco, and food distributions benefited 10,795 people

across Bangladesh, Pakistan, Turkey, and Morocco. Additionally, our health camps supported 810 beneficiaries in Bangladesh and Morocco, and we conducted family counselling workshops. We empowered Muslim scholars, Daee, and new Muslims through livelihood projects, provided long-lasting shelter, and planted trees in Bangladesh. We supported the construction of three mosques and established a permanent Dawah Centre in Sylhet, Bangladesh. Our madrasa support initiatives provided financial and intellectual assistance, with plans to expand in 2024. In 2023, the total number of beneficiaries of Simple Reason was 32,590.

FUTURE OUTLOOK FOR 2024

Our goals for 2024 include expanding projects in water, education, health, livelihood, food aid, emergency response, and madrasa support. We aim to increase the number of water well installations, strengthen emergency response capabilities, and foster stronger ties with local communities. Transparency will remain a priority, with detailed project reports ensuring accountability.

THANK YOU

We express our deepest gratitude to our donors, volunteers, and supporters. Your collective efforts have made our success possible, and we look forward to another year of impactful service.

Registered number: 1188243

06

SIMPLEREASON.ORG

TRUSTEES’ REPORT

The trustees present their report and accounts for the year ended 31 January 2024.

TRUSTEES

The following persons served as trustees during the year:

Asad Ahmed

Hussain Ahmed

Miss Mahbooba Sultana Quadir

TRUSTEES’ RESPONSIBILITIES

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)

Accounting and Reporting by Charities issued in 2005 in preparing the annual report and financial statements of the Charity.

Legal Status:

Charity: Registered with the Charity Commission, Charity Number: 1188243

Company: Registered with the Companies House, Company number: 11781697

The Charity’s objects are

a) To provide financial support among the victims of natural or other kind of disaster.

Registered number: 1188243

07

SIMPLEREASON.ORG

ORGANISATION:

A Management Committee, the members of which are the trustees manages the affairs of the charity. The Management Committee manages the business of the charity including the paying of all expenses.

TRUSTEES:

Trustees, who are all members of the executive committee, and who served during the year.

The trustees are elected at the Annual General Meeting, for membership of the Executive Committee and serve until the end of the next Annual General Meeting, where they can stand for re- election as members of the new Executive Committee.

Trustees responsibilities in relation to the financial statements: The committee or Trustees are required by charity’s law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial the end of that year.

In preparing those financial statements the Trustees are required to:

The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The 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 the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that 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 2011.

The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularities

Registered number: 1188243

08

SIMPLEREASON.ORG

VOLUNTEERS:

The Trustees wish to record their appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of the Charity and are critical in helping to keeps the running costs down.

RISK REVIEW:

The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement. All staff and volunteers are trained and have all the required statutory and regulatory clearances required.

SERIOUS INCIDENTS AND EXCEPTIONS:

The Trustees are pleased to note, that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise to the need for the Trustees to record on the Charity’s Exceptions’ Register.

RELATED PARTY TRANSACTIONS:

During the year the Charity was under the control of Trustees and Management Committee members as listed above.

No members of the management committee received any remuneration during the year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

RESERVE POLICY

It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to its expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding.

They will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The Centre will actively work to achieve this level of reserves.

Registered number: 1188243

09

SIMPLEREASON.ORG

INDEPENDENT EXAMINER

According to the provisions of the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required for this financial year. However due to provisions of the same act an independent examiner is required and Capstone Accountants appointed as external Accountant or Independent Examiner.

Capstone Accountants carried out an independent examination of the accounts included in the report. This report, which has been prepared in accordance with the Statement of Recommended Practice(SORP) Accounting and Reporting by Charities issued in 2005.

This report was approved by the Executive Committee on and signed on their behalf.

This report, which has been prepared in accordance with the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005

This report was approved by the board on 20 June 2024 and signed on its behalf.

Hussain Ahmed Trustee/Director

Asad Ahmed Trustee/Director

Registered number: 1188243

10

SIMPLEREASON.ORG

ACCOUNTANTS’ REPORT

Accountants / Independent Examiner’ report to the trustees of SIMPLE REASON

We report on the accounts for the year ended 31 January 2024 have been prepared under the historical cost convention and the accounting policies set out in note 1 to the financial statements.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND ACCOUNTANTS

The trustees are responsible for the preparation of the financial statements, and they consider that the trust is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion to you.

BASIS OF OPINION

We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.

A K M Jalal Uddin FCCA Capstone Accountants Unit G.05 93-101 Greenfield Road London E1 1EJ 20 June 2024

OPINION

IN OUR OPINION:

Registered number: 1188243

SIMPLEREASON.ORG

11

INCOME AND EXPENDITURE ACCOUNT

for the year ended 31 January 2024

Incoming Resources
(Loss)/surplus for the fnancial year
Administrative expenses
Event and activities
Resource expended		 2024
£
101,172
(93,487)
(36,688)
(29,003)		 2023
£
(25,552)
(12,616)
50,607
12,439

Registered number: 1188243

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SIMPLEREASON.ORG

BALANCE SHEET

as at 31 January 2024

Notes
Current assets
Cash at bank and in hand
3
Creditors: amounts falling due
within one year
Funds
4
Creditors: amounts falling due
after more than one year
Total assets less current
liabilities
Net current assets
Net (liabilities)/assets
Income and Expenditure Account
Total Funds		 4,129
4,129
(650)		 2024
£
(19,620)
3,479
3,479
(16,141)
(16,141)
(16,141)		 13,512
13,512
(650)		 2023
£
12,862
3,479
12,862
12,862
12,862

The financial statements were approved by the Executive Committee and signed on their behalf:

Hussain Ahmed Asad Ahmed Trustee/Director Trustee/Director

Approved by the board on 20 June 2024

Registered number: 1188243

SIMPLEREASON.ORG

13

NOTES TO THE ACCOUNT

for the year ended 31 January 2024

1 Accounting policies

Basis of preparation

The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value.

The Financial Statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), and the requirements of Accounting and

Reporting by Charities:

Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (SORP 2015).

Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

CREDITORS

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2

3

4

Employees

Creditors: amounts falling due after one year
Other creditors (Qardhe Hasana-Loan)
Employees
Average number of persons employed by the company
Creditors: amounts falling due within one year
Other creditors		 2023
Number
2024
Number
0
0
2023
£
2024
£
650
650
650
650
2023
£
2024
£
19,620
19,620

Registered number: 1188243

SIMPLEREASON.ORG

14

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2024

This schedule does not form part of the statutory accounts

Incoming Resources
General Donation and Contribution
Resources Expended
Event and activities
Administrative expenses
Employee costs:
Gift Aid and Admin Income
Travel and subsistence
Motor expenses
Rent
Premises costs:
Rates and water bill
Service charges
Motor expenses
Light and heat
Accountancy fees
Legal and professional costs:
Advertising and PR
Other legal and professiona
Telephone and internet
General administrative expenses:
Postage
Stationery and printing
Bank charges
Insurance
Software
Repairs and maintenance		 94,887
6, 285
Unrestricted Restricted
94,887
50,607
6,285
2024
£
2023
£
-
-
-
101,172
101,172
50,607
-
93,487
93,487
25,552
-
93,487
93,487
25,552
-
1,126
1,126
185
185
-
-
-
-
1,311
1,311
-
-
22,742
22,742
7,125
315
315
276
342
185
185
185
4,397
4,397
3,047
-
-
-
-
-
27,796
27,796
10,448
-
800
800
-
1,010
1,010
-
986
650
986
2,796
2,796
650
36,688
36,688
12,616
1,203
1,203
186
-
-
-
-
-
-
-
-
-
-
-
-
33
1,355
279
1,355
167
196
167
99
99
3,047
1,368
1,368
332
564
564
521
4,756
4,785
1,518

Registered number: 1188243

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