## TRUSTEES’ REPORT **AND** FINANCIAL STATEMENTS  FOR THE YEAR ENDED 

_**31 DECEMBER 2024**_ 





# **REGISTERED CHARITY NUMBER: 1201607 REGISTERED COMPANY NUMBER: 11613566** 

## **SOHBETSOCIETY** 

(A companylimitedbyguaranteewithoutshare capital) **TRUSTEES’ REPORT ANDFINANCIAL STATEMENTS FOR THE YEAR ENDED** 

**31 DECEMBER 2024** 




**Contents** Legal and administrative information      2 Trustees’ Report                                     3 - 7 Accountant’s Report                               8 Statement of Financial Activities.           9 Balance Sheet                                       10 Notes to the Financial Statements        11 - 19 





## **Legal and administrative information** 

## **Trustees** 

Bilal Karaduman 

Yusuf Kar 

Mustafa Balci 


**Company Number: 11613566 Charity Number: 1201607** 

## **Registered Office address** 

Southgate Office Village, Block E, 286-A Chase Road London, N14 6HF 

## **Accountants** 

AA Accountancy Services 2 44 Chase Road London, N14 6HH 





## **Sohbet Society Annual Trustee’s Report 2024** 

Advancing the Religion of Islam for the Public Benefit in the UK 

## **Reference and Administrative Details** 

Charity Name: Sohbet Society Registered Charity Number: 1201607 

Registered Company Number: 11613566 

Registered Office: Southgate Office Village, Block E, 286-A Chase Road, London, N14 6HF Trustees (2024): 

- Bilal Karaduman (Chair) 

- Yusuf Kar 

- Mustafa Balci 

Independent Examiner: AA Accountancy Services, 244 Chase Road, London, N14 6HH 

## **Table of Contents** 

1.Introduction 2.Objectives 3.Sohbet 

4.Mentoring 5.Retreats 

6.Excursions 

7.Qur'an Lessons and Spiritual Readings 

8.Social Events 

9.Fundraising 10.Financial Overview 11.Structure, Governance and Management 12.Trustee and Staff Disclosures 13.Conclusion 

2 




## **1. Introduction** 

The Sohbet Society is pleased to present its Annual Report for the year ended 31 December 2024. Throughout the year, we continued our mission of advancing the religion of Islam and fostering understanding of Islamic teachings across England, Wales, Scotland, and Northern Ireland. By combining spiritual guidance with social engagement, we have strengthened our community and deepened our collective commitment to faith. 

## **2. Objectives** 

Our primary charitable objective remains the advancement of the religion of Islam by following the Holy Qur’an and the teachings of the prophets. 

We pursue this mission through: 

-Holding prayer meetings and religious circles. 

-Organising lectures, discussions, and study sessions. 

-Celebrating Islamic festivals with the wider community. 

- -Producing and distributing educational material. 

These activities provide both spiritual nourishment and opportunities for interfaith understanding. 

## **3. Sohbet** 

As our name suggests, Sohbet is at the heart of our work. Weekly gatherings of 5–10 participants provide a safe and welcoming environment to study religious texts, reflect on faith, and discuss contemporary challenges. In 2024, these meetings remained one of our most impactful activities, strengthening personal faith and community bonds. 

Sohbet Groups (2024): 

- Men’s Sohbet Groups: 2023: 105 groups | 2024: 124 groups | Growth: 18.1% 

- Women’s Sohbet Groups: 2023: 84 groups | 2024: 103 groups | Growth: 22.6% 

- Total Participants: 956 

## Additional Sohbet Programmes: 

- Saturday Evening Sohbet-i Canan: Held for 33 weeks with invited speakers and special themes. 

- Sohbet Teacher Development Programme: Organised every Friday for 33 weeks, dedicated to training and mentoring group leaders. 

This growth represents more than just numbers; it has led to new friendships, strengthened bonds across different cities, and a closer attachment of the younger generation to Islamic values. Many participants reported experiencing deeper spirituality in their daily lives, stronger family communication, and a heightened sense of social responsibility 

3 




. 

## **4. Mentoring** 

We offered one-to-one mentoring to adult Muslims, providing tailored support in areas of worship, spiritual life, and community engagement. These personalised sessions continued to help individuals navigate their spiritual journeys with confidence. 

• On Saturday evenings, we delivered a 13-week programme with guest speakers on family communication, parenting, and integration. 

• A teacher development and mentoring programme for sohbet leaders was organised on Fridays and continued for 33 weeks. 

These mentoring activities not only provided religious knowledge but also empowered participants to strengthen family bonds, improve their communication skills, and engage more meaningfully with their communities. Feedback highlighted how parents, in particular, benefited from positive changes in their relationships with their children. 

## **5. Retreats** 

During 2024, we organised several spiritual retreats lasting between three and five days. These retreats, hosted in peaceful countryside settings, combined Qur’an readings, prayer, reflection, and fellowship. Participants reported a renewed sense of purpose and deeper spiritual connection. 

Monthly Camps and Attendance: 

- Women’s Groups: Average Activities per Month: 40 | Total Participants: 615 

- Men’s Groups: Average Activities per Month: 35 | Total Participants: 250 

The retreats created deep bonds among participants and strengthened the spirit of brotherhood and sisterhood. The serene settings provided opportunities for individuals to reorient their lives, develop greater consistency in worship, and refresh their spiritual outlook. Many expressed that these programmes inspired them to establish regular habits of worship. 


4 




## **6. Excursions** 

Our short excursions offered members time for reflection, contemplation, and social bonding in natural surroundings. These outings served as an important balance to our study-focused programmes, fostering both well-being and togetherness. 

Excursion Attendance: 

- Domestic (UK) Trips: 484 participants 

- International Trips: 162 participants 

The excursions were more than simple outings; they became opportunities to create lasting memories and sustain the spirit of community. Friendships formed during these trips carried over into sohbet groups, enriching them with stronger unity. Young participants, in particular, were observed to gain great motivation and enthusiasm through these activities. 

## **7. Qur'an Lessons and Spiritual Readings** 

Understanding the Qur’an in its original Arabic remains a cornerstone of our educational work. We continued to provide both group and one-to-one lessons in Qur’an reading and tafsir (interpretation). Many participants have advanced in their ability to recite the Qur’an and strengthen their prayer practices. 

Spiritual Readings (Hatim, Cevşen, and Other Supplications): 

- Total Participants: 1,123 

- Completed Qur’an Khatms: 772 

- Cevşen Recitations: 23 weeks, 80 participants 

- Al-Qulub al-Dāria Readings: 39 weeks, 108 participants 

- Tawhidnama Readings: 39 weeks, 30 participants 

The progress participants made in reading and understanding the Qur’an has translated into  stronger worship and deeper spirituality. Collective recitations such as hatims and Cevshen fostered ashared spiritual atmosphere, reinforcing brotherhood and sisterhood. Many participants expressed that these readings enabled them to build a much closer bond with the Qur’an. 

5 




## **8. Social Events** 

We organised several social gatherings, including conferences, celebrations, and community fairs. These events created opportunities for both Muslims and non-Muslims to engage with Islam in an open and inclusive setting. 

Religious Festivals: 

- Ramadan & Eid al-Adha Programmes: Number of Events: 77 | Participants: 7,712 

Spiritual Nights: 

- Number of Programmes: 248 | Participants: 2,931 

These gatherings not only enriched the spirituality of participants but also strengthened their ties with the broader society. Ramadan and Eid programmes brought people from diverse backgrounds together, allowing the beauty of Islam to reach wider audiences. Such events reinforced unity and togetherness, making the spirit of brotherhood more visible in the community. 

## **9. Fundraising** 

Our annual fundraising dinner successfully brought together supporters to sustain our projects. Attendees pledged both one-off and regular donations, ensuring the continuity of our programmes. We remain deeply grateful to all who contributed. 

Fundraising activities provided more than financial support; they demonstrated the community’s devotion to charitable causes. Donors expressed joy in contributing to new projects, and their support became a collective prayer for the wellbeing and success of the Society’s mission. 

## **10. Financial Overview** 

-Total Income: £140,052 -Total Expenditure: £107,253 -Net Surplus: £32,799 -Donations & Legacies: £106,452.36 

-Grant Income: £30,500 -Year-End Net Assets: £33,035 

-Average Number of Employees: 7 

These figures reflect steady growth in both financial stability and operational capacity, allowing us toexpand our outreach and community impact. 

Reserves Policy: The trustees have agreed to hold reserves equivalent to approximately 4 months of operating expenditure to ensure financial stability and continuity of charitable activities. At 31 December 2024, unrestricted reserves stood at £33,035. 

Going Concern: The trustees confirm that the charity has adequate resources to continue its activities for the foreseeable future and remains a going concern. 

6 




## **11. Structure, Governance and Management** 

The charity is governed by its Articles of Association, which set out the powers and responsibilities of the Board of Trustees. Trustees are appointed on a needs basis, following recommendations from existing board members, and their appointments are formally approved by the Board. The Board also welcomes recommendations from local sohbet groups and study. leaders, ensuring that a wide range of community perspectives are represented. 

The Board is committed to maintaining diversity and ensuring that its collective skills, experience, and knowledge remain relevant to the charity’s evolving activities. Trustees are responsible for the overall strategic direction of the charity, ensuring good governance, regulatory compliance, and the effective management and safeguarding of the charity’s assets. 

New trustees undergo an induction process that includes an introduction to the charity’s vision, mission, policies, and key operational areas. They are provided with relevant governance documents, including the Articles of Association and the Charity Commission’s guidance on trustees’ responsibilities. Ongoing training and regular updates are offered to ensure trustees remain informed about current regulatory and sector developments. 

## 1 **2. Trustee and Staff Disclosures** 

-No trustees received any remuneration for their role. -There were no related party transactions in 2024. -Staff costs (wages, salaries, NI, pensions) are disclosed in the financial statements; the average number of employees in 2024 was 7. 

## **13. Conclusion** 

The Sohbet Society remains dedicated to serving the spiritual and social needs of Muslims in the UK while fostering understanding and harmony across communities. 

We extend our heartfelt gratitude to our members, donors, volunteers, and partners who made 2024 such a successful year. 

Looking ahead, we are committed to building on this momentum in 2025 and beyond, continuing our mission to cultivate a more informed, faithful, and connected community. 

For more information or to request our detailed financial statements, please contact us at: 02081233323 

info@sohbetsociety.org 

Sincerely, 

The Board of Trustees Sohbet Society 

7 




## **INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF SOHBET SOCIETY** 

I report on the accounts of the charity for the period ended 31 December 2024 which are set out on pages 9 to 19 

## **Respective responsibilities of trustees and examiner** 

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment Act 2005 and the Charities Accounts Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. 

## **Basis of independent examiner’s statement** 

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks 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 I do not express an audit opinion on the view given by the accounts. 

## **Independent examiner’s statement** 

In the course of my examination, no matter has come to my attention other than disclosed below. 

1.which gives me reasonable cause to believe that in any material respect the requirements: 

•to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations 

•to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 

2.to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

AA Accountancy Services Chartered Certified Accountant 244 Chase Road, London, N14 6HH Date: 29/09/2025 

8 




## **SOHBET SOCIETY** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024** 

||**Unrestricted**|**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|---|
||**Notes**|**Funds**|**Funds**|**Total**|**Total**|
|**INCOME AND EXPENDITURES**||**£**|**£**|**£**|**£**|
|**INCOMING RESOURCES**||||||
|Incoming resources fromgeneratedfunds:||||||
|Voluntary income|2|136952|0|136,952|87,403|
|Activities forgeneratingfunds|3|2380|0|2380|1980|
|Investment income|4|0|0|0|0|
|Incoming resources from charitable activities|5|0|0|0|0|
|Other incoming resources|6|720|-|720|0|
|**TOTAL INCOMING RESOURCES**||140052|0|140052|89383|
|**RESOURCES EXPENDED**||||||
|Charitable Activities|7|96933|0|96933|74307|
|Governance Costs|8|10320|0|10320|5488|
|Other resources expended|9|0|0|0|0|
|**TOTAL RESOURCES EXPENDED**|11|107253|0|107253|79795|
|**NET INCOMING/(OUTGOING) RESOURCES**||||||
|**Before transfers**|**21**|32799|0|32799|9588|
|**Transfersbetweenfunds**||-|-|-|-|
|**NET MOVEMENT IN FUNDS FOR THE YEAR**||32799|0|32799|9588|
|**Total Funds at 1 January 2024**||236|0|236|-9352|
|Prior Year Adjustment (Note 20)||0|0|0|0|
|**Total Funds at 31 DECEMBER 2024**||33035|0|33035|236|
|||=====|=====|=====|=====|



The notes on pages 11 to 21 form part of these accounts. 

9 



|**SOHBET SOCIETY**|||||
|---|---|---|---|---|
|**BALANCE SHEET**|||||
|**AS AT 31 DECEMBER 2024**|||||
||**Notes**||**2024**|**2023**|
|**FIXED ASSETS**|||**₤**|**₤**|
|Tangible assets||15|847|0|
|Programmerelated investments||**16**|0|0|
||||847|0|
|**CURRENT ASSETS**|||||
|Debtors||**17**|0|2700|
|Cash at bank and in hand|||33403|4079|
||||33403|6779|
|**CREDITORS:**Amounts falling due|||||
|within one year||**18**|-1215|-6543|
|**Net current assets / (liabilities)**|||32188|236|
|**CREDITORS:**<br>Amountsfallingdue||**19**|0|0|
|more than one year|||||
|**Total assets less current liabilities**|||33035|236|
||||**=====**|**=====**|
|**CHARITY FUNDS**|||||
|Restricted funds||**21**|0|0|
|Unrestricted funds||**21**|33035|236|
||||33035|236|
||||**=====**|**=====**|



The notes on pages 16 to 24 from part of these accounts. Approved by the Board of Trustees on 29 September 2025 and signed on its behalf by Bilal Karaduman, Trustee. 

Bilal Karaduman Chairman 


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**SOHBET SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 


## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of preparation of financial statements** 

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards. 

## **1.2 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by 

donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **1.3 Incoming resources** 

All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. 

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable No income is recognised where there is no financial cost borne by a third party. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable 

## **1.4 Resources expended** 

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. 

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled, Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

11 




## **SOHBET SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **1. ACCOUNTING POLICIES (continued)** 

## **1.5 Tangible fixed assets and depreciation** 

All assets costing more than £ _500_ are capitalised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

## Fixtures and fittings 

25% reducing balance 

## **1.6 Foreign currencies** 

Monetaryassets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. 

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. 

Exchange gains and losses are recognised in the Statement of financial activities. 

## **1.7 Programme related investment** 

Programmerelatedinvestmentsarestatedatthe cost of investment. 

|**2. VOLUNTARY INCOME**|**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|
||**Funds £**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|
|Donations|106452|0|106452|62376|
|Grants|0|30500|30500|25027|
|**Voluntary Income**|106952|30500|136952|87403|
|**3. TRADING ACTIVITIES**|**Unrestricted**|**Restricted**|**2024**|**2023**|
||**Funds £**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|
|**Charity trading income**|||||
|Charity trading income-Domestic|2380|-|2380|1980|
|Net income from trading activities|2380|0|2380|1980|
|||12|||





|**SOHBET SOCIETY**||||||
|---|---|---|---|---|---|
|**NOTES TO THE FINANCIAL STATEMENTS**||||||
|**FOR THE YEAR ENDED 31 DECEMBER 2024**||||||
|**4. INVESTMENT INCOME**|**Unrestricted**||**Restricted**|**2024**|**2023**|
|||**Funds £**|**Funds**|**Total**|**Total**|
||||**£**|**£**|**£**|
|Rental Income|||0|0|0|
|**5. INCOMING RESOURCES FROM CHARITABLE**|||**ACTIVITIES**|||
||**Unrestricted**||**Restricted**|**2024**|**2023**|
|||**Funds**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Educational Activities|||0|0||
|**6. OTHER INCOMING RESOURCES**|**Unrestricted**||**Restricted**|**2024**|**2023**|
|||**Funds £**|**Funds**|**Total**|**Total**|
||||**£**|**£**|**£**|
|Other incoming resources||720|0|720|0|
|**7. EXPENDITURE BY CHARITABLE**|**ACTIVITY**|||||
|**SUMMARY BY FUND TYPE**|**Unrestricte**||**Restricted**|**2024**|**2023**|
||**d**|**Funds**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Direct costs||66933|30500|96933|74307|
|Governance costs||10320||10320|5488|
|||76753|30500|107253|79795|
|**SUMMARY BY EXPENDITURE TYPE**||**Staff**|**Other**|**2024**|**2023**|
|||**Costs**|**Costs**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Investment Income||84106|12627|96733|110650|
|Meeting Expenses||||0|0|
|||84106|12627|96733|110650|
|||13||||





## **SOHBET SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

|**8. GOVERNANCE COSTS**||**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Governance- Accountants fees||600||600|600|
|Governance expense - computer expenses||46||46|61|
|Governance expense - wages and salaries||9213||9213|4039|
|Governance expense - NI||261||261|788|
|Governance - depreciation - tangible fixed assets||200||200|0|
|||10320|0|10320|5488|
|||====|====|====|====|
|**9. OTHER RESOURCES EXPENDED**||||||
|||**Unrestricted**|**Restricted**|**2024**|**2023**|
|||**Funds**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Loss((profit) on disposal of fixed asset||0|0|0|0|
|||====|====|====|====|
|**10. DIRECT COSTS**|**Basis of**|**Unrestricted**|**Restricted**|**2024**|**2023**|
||**Allocation**|**Funds**|**Funds**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|Charitable Contribution|Direct|6549||6549|1330|
|Volunteer expenses|Direct|||0|30000|
|Insurance|Direct|||0|385|
|Raising funds|Direct|68||68|0|
|Professional fees|Direct|||0|1000|
|Printing, Postage and Stationary|Direct|250||250|28|
|Travel and substance|Direct|||0|3148|
|Bank Charges|Direct|188||188|256|
|Subscriptions|Direct|320||320|3|
|Miscellaneous|Direct|35||35|227|
|Advertising|Direct|723||723|270|
|Meeting expenses|Direct|1520||1520|0|
|Computer costs|Direct|410||410|546|
|Wages and salaries|Direct|53606|30500|84106|36343|
|Employer NI contributions|Direct|705||705|0|
|Pension|Direct|459||459|771|
|Grant giving|Direct|1600||1600|0|
|||66433|30500|96933|74307|
|||====|====||====|
|||||====||
|||14||||





## **SOHBET SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **11. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE** 

||**Staff Costs**|**Depreciation**|**Other Costs**|**2024**|**2023**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Charitable Activities|0|0|96933|96933|74307|
|Meeting Expenses|0|0|0|0|0|
|**Charitable activities**|0|0|96933|96933|74307|
|**Governance**|9474|200|646|10320|5488|
|**Other costs**||||||
|**Lossondisposaloffixed assets**|0|0|0|0|0|
||9474|200|97579|107253|79795|
|**12. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**||||||
||**Activitiesundertaken**||<br>**Total**||**Total**|
|||**Directly**|**Support Costs**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
|Investment Income||96933|0|96933|74307|
|Educational Activities||0|10320|10320|5488|
|**Total**||96933|10320|107253|79795|



## **13. NET INCOMING RESOURCES** 

This is stated after charging: 

||**2024**||**2023**|
|---|---|---|---|
||**£**||**£**|
|Depreciationoftangiblefixedassets: owned by charity||0|0|
|Auditor's remuneration||0|0|
|Governance Accountant fees||600|600|



During the year, no Trustees received any remuneration (2023 -£NIL). During the year, no Trustees received any benefits in kind (2023 -£NIL). 

During the year, no Trustees received any reimbursement of expenses (2023 -£NIL). 

## **14. STAFF COSTS** 

Staff costs were as follows: 

||**2024**||**2023**|
|---|---|---|---|
||**£**||**£**|
|Wages and salaries|93319||40382|
|Social security costs||966|788|
||94285||41170|
|The average monthly number of employees during the year was as follows:||||
||**2024**||**2023**|
||**No.**|7|**No.**<br>3|



No employee received remuneration amounting to more than £60,000 in either year. 

15 



## **SOHBET SOCIETY** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **15. TANGIBLE FIXED ASSETS** 

|**15. TANGIBLE FIXED ASSETS**||
|---|---|
||**TOTAL**|
|**Cost**|**£**|
|At 31.12.23|0|
|Additions|1047|
|At 31.12.24|1047|
|**Depreciation**||
|At 31.12.23||
|charge for period<br>At 31.12.24|0<br>200|
||200|
|**Net book values**||
|**At 31.12.24**|847|
|**At 31.12.23**|0|



## **16. PROGRAMME RELATED INVESTMENT** 

||**Mortgage**|**Mortgage**||**Alterations to**|**Total**|
|---|---|---|---|---|---|
|||||**Premises**||
||**£**|**£**|**£**|**£**|**£**|
|Market Value||||||
|At 1 January 2024||||||
|and 31 December 2024||||||



At 31 December 2024 




Programmerelatedinvestmentsenableothercharitiestofurthertheircharitable objectives as well as ours in advance of furthering the education of students throughout the UK. 

Total bank loans at the year end of £0 are owed in relation to the Programme Related Investments held. 


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## **SOHBET SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **17. DEBTORS** 

|**EBTORS**|||||
|---|---|---|---|---|
||**2024**||**2023**||
||**£**||**£**||
|Due aftermore thanoneyear||0||0|
|Other Debtors Due within||0||0|
|one year Trade debtors Other||0||0|
|debtors||0||2700|
|||0||0|
|||0||2700|



## **18. CREDITORS:** Amount falling due within one year 

||**2024**|**2023**||
|---|---|---|---|
||**£**|**£**||
|Bank loans and Overdraft|0||0|
|Trade creditors|0||0|
|Other taxation and social security|0||0|
|Other creditors|0||5928|
|Accruals and deferred income|1215||615|
||1215||6543|



## **19. CREDITORS:** Amount falling due after one year 

||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Bank loans|0|0|
|Other creditors|0|0|
||0|0|
|Creditors include amounts not wholly repayable within 5 years as follow|||
||**2024**|**2023**|
||**£**|**£**|
|Repayable by instalments|0|0|



Creditors include amounts not wholly repayable within 5 years as follows: 

Bank loans are secured by way of a charge over the freehold buildings of the charity. 

17 



|**SOHBET SOCIETY**||||||
|---|---|---|---|---|---|
|**NOTES TO THE FINANCIAL STATEMENTS**||||||
|**FOR THE YEAR ENDED 31 DECEMBER 2024**||||||
|**20. PRIOR YEAR ADJUSTMENT**||||||
|There is no prior year adjustment this||year||||
|**21. STATEMENT OF FUNDS**||||||
||**Brought**|**Incoming**|**Resources**|**Transf ers**|**Carried**|
||**Forward**|**Resources**|**Expended**|**In/Out**|**Forward**|
||**£**|**£**|**£**|**£**|**£**|
|**Designated Funds**||||||
|**General Funds**||||||
|GeneralFunds-allfunds|236|109552|(76753)|0|33035|
|**Total Unrestricted funds**|236|109552|(76753)|0|33035|
|**Restricted funds**||||||
|Restrictedfunds-all funds|0|30500|30500|0|0|
|**Total of funds**|236|140052|107253|0|33035|
|**SUMMARY OF FUNDS**||||||
||**Restated**|||||
||**Brought**|**Incoming**|**Resources**|**Transf ers**|**Carried**|
||**Forward**|**Resources**|**Expended**|**In/Out**|**Forward**|
||**£**|**£**|**£**|**£**|**£**|
|General Funds|236|140052|(76753)|0|33035|
|Restricted funds|0|0|(30500)|0|0|
||236|140052|-107253|0|33035|
|||18||||





## **SOHBET SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 


## **22. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2024**|**2023**|
||**£**|**£**|**£**|£|
|Tangible fixed assets|847|0|847|0|
|Programme related investments|0|0|0|0|
|Debtors due after more than 1 year|0|0|0|0|
|Current assets|33403|0|33403|6779|
|Creditors due within one year|-1215|0|-1215|-6543|
|Creditors due in more than one year|0|0|0|0|
||**33035**|**0**|**33035**|**236**|




## **23. RELATED PARTY TRANSACTIONS** 

There was not any related party transaction with any of the trustees this year and last year. 


19