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
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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**
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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.
- b) To advance the education of the public by providing grants, donations and services.
**Registered number: 1188243**
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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:
- **ب** Select suitable accounting policies and then apply them consistently;
- **ب** Observe the methods and principles in the Charities SORP;
- **ب** Make judgements and accounting estimates that are reasonable and prudent;
- **ب** 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 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**
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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**
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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:**
- a. The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice - Accounting and Reporting by Charities;
- b. Having regard only to, and on the basis of, the information contained in those accounts:
1. The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice - Accounting and Reporting by Charities, and
2. The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act.
3. This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee.
**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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