2024-10-31-accounts

SAFEGUARD ACADEMY CIO

Accounts

31 October 2024

Registered Charity Number 1207066

Omega Accountants Ltd

Certified & International Accountants 223 Wickham Road, Croydon, CR0 8TG Tel: [phone] Fax: [phone] [e-mail]

SAFEGUARD ACADEMY CIO Organisational Information

Officers

M A Hye Chowdhury Syed Reza Mahfuz Mazumder

Omega Accountants Ltd

223 Wickham Road Croydon, CR0 8TG Tel [phone] (2 lines) Fax [phone] [e-mail]

Bankers

Lloyds TSB 98 Victoria Street, London, SW1E 5JL

Registered office

1st Floor, 200 Elm Park Avenue Hornchucrh RM12 4SD

Charity number 1207066

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SAFEGUARD ACADEMY CIO Trustess' Report

Principal activities

The organisation's principal activity during the year continued to be that of a place of worship, Islamic education centre as described below

Introduction

The EC present their annual report and accounts for the period ended 31 October 2024.

The EC is satisfied with the performance of the charity during the year and the position at the balance sheet date and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations provided continued support from the users and members are available.

Name, registered office and constitution of the charity

Name of the organisation: Safeguard Academy CIO

Legal Status: Incorporated CIO body with charitable objectives

1st Floor, 200 Elm Park Avenue, Hornchucrh, RM12 4SD

A summary of the objects of the charity as set out in its governing document.

1. To advance Islamic religion and education in accordance with the tenants of Islam.

2. Da’wah activities in furtherance of the above.

3. Ta'alim - teaching of the Noble Qur'an and Sunnah, Islamic laws, its requirement and prohibitions and educate people in the Islamic way of life, society, family, its doctrine and practices with emphasis on peace, community cohesion and tolerance. Educate people in tolerance and interaction with other faiths and beliefs.Children's after school education and online tution to children.

Executive Committee Members are:

1. M A Hye Chowdhury

2. Syed Reza

3. M Mazumder

Funds structure policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the EC in furtherance of the objects of the charity. Such funds may be held in order to finance working capital.

Restricted funds have been provided to the charity for a particular purpose, and it is the policy of the EC to carefully monitor the application of those funds in accordance with the restrictions placed upon them. This current year, the charity did not receive any restricted funding.

Capital grants

The EC consider that in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (SORP 2005, SORP 2007 and Charities SORP 2019), gifts of tangible fixed assets or grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

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SAFEGUARD ACADEMY CIO Trustess' Report

Reserve Policy

The Members of the Executive Committee (EC) have established a policy of reserve, whereby the unrestricted funds held by the charity should be equivalent to at least £10,000 in general funds. At this level, the EC feels that they should be able to continue the current activities of the charity in the event of a significant decrease in funding. It would also be necessary to consider how decrease in such funding would be replaced or activities changed.

Although at present, the unrestricted reserves reach this target, but the trustees are considering ways in which additional unrestricted funds may be raised.

Principal funding sources and how expenditure in the year under review has supported the key objectives of the charity.

The principal funding sources are general donations received from the users of the charity and a small amount will be received from Gift Aid. The funding supports the employment of members of staff who carry out the work of co-ordinating the engagement of charity's policy and decision making, building the capacity of the charity with voluntary and community sector organisations and promoting community cohesion and equality and countering extremism.

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SAFEGUARD ACADEMY CIO Statement of Financial Activities for the period ended 31 October 2024

Incoming resources from charitable activities Resources expended Costs of generating funds Communication & marketing Staffing & associated costs Costs of charitable activities Governance costs Other resources expended Adminstration (rent, rates, LH etc) Professional fees (Pro Bono) Total resources expended Net incoming resources before transfers between funds Gross transfers between funds Net incoming resources before Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Prior year adjustment Total Funds carried forward 4

Unrestricted Restricted Total Funds Funds Funds 2024 2024 2024 37,513 - 37,513 426 426 260 260 686 - 686 33,705 33,705 - - 34,391 - 34,391 3,122 - 3,122 - - - 3,122 - 3,122 3,122 - 3,122 - - - - - - - 3,122 - 3,122

All activities derive from continuing operations

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SAFEGUARD ACADEMY CIO Income and Expenses Account for the period ended 31 October 2024

Notes Income receivable Administrative expenses Operating surplus 2 Total surplus for the year Total surplus for the financial year	2024 £ 37,513 (34,391) 3,122 3,122 3,122

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SAFEGUARD ACADEMY CIO

Balance Sheet as at 31 October 2024

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets/(liabilities) Capital and reserves Unrestricted revenue accumulated funds 6 Net Charity funds	2024 £ 22,621 15,952 (15,451) 501 23,122 (20,000) 3,122 3,122 3,122

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

M A Hye Chowdhury Chairman Trustee

Approved by the board on 26 August 2025

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SAFEGUARD ACADEMY CIO Income and Expenditure Account for the period ended 31 October 2024

Income Gross profit Administrative expenses Operating profit Income over expenditure before tax	2024 £ 37,513 37,513 (34,391) 3,122 3,122	2023 £ - - - - -

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SAFEGUARD ACADEMY CIO Detailed profit and loss account for the period ended 31 October 2024

Income recivable Donations - Members and other donations Gift Aid Administrative expenses Employee costs: Temporary staff (teachers) Premises costs: Rent Rates Service charges (water charges) Light and heat Cleaning General administrative expenses: Stationery and printing Bank charges Insurance Repairs and maintenance Dayamir Madrassa / Masjid Aysha Sundry	2024 £ 37,513 - 260 260 22,000 4,088 2,150 1,341 487 30,066 524 26 825 1,630 634 426 4,065 34,391

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SAFEGUARD ACADEMY CIO Notes to the Accounts for the period ended 31 October 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% straight line 2 Operating profit 2024 £ This is stated after charging: Depreciation of owned fixed assets 634 3 Tangible fixed assets Land and buildings machinery etc £ £ Cost At 1 November 2023 3,773 - Additions 13,138 6,344 At 31 October 2024 16,911 6,344 Depreciation Charge for the year - 634 At 31 October 2024 - 634 Net book value At 31 October 2024 16,911 5,710 At 31 October 2023 3,773 - 4 Creditors: amounts falling due within one year 2024 £ Trade creditors 15,451

2023 £ - Total £ 3,773 19,482 23,255 634 634 22,621 3,773 2023 £ 19,529

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SAFEGUARD ACADEMY CIO

Notes to the Accounts

for the period ended 31 October 2024

5 Creditors: amounts falling due after one year Bank loans 6 Income and Expenses Account Surplus for the year At 31 October 2024	2024 £ 20,000 2024 £ 3,122 3,122	2023 £ - 2023 £ - -

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