2021-03-31-accounts - Taraj Education Trust

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THE TARAJ EDUCATION TRUST

Financial Statements

For the year end 31[ST ] MARCH 2021

Charity Number 286247

INDEX

Legal and administrative details	3
Trustees Annual report	4
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9

Legal and Administrative Details

Charity registration number	Charity Number 286247
Registered office:	5 Laitwood Road
	London
	SW12 9QN
Trustees:	Mr Gulam Mohamed Amejee
	Mr Mahmoud Amejee
	Mr Ashraf Ali Kara
	Mr Ismail Patel
Bankers:	Natwest
	Nottinghill Branch
	PO Box 1936
	46 Nottinghill Gate
	London
	W11 3HZ

Trustees Annual Report

The trustees present their report together with financial statements for the year ended 31st March 2021.

Reference and administrative details

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 3 of the financial statements.

The Trustees

The Trustees who served the charity during the period were as follows:

Mr Gulam Mohamed Amejee Mr Mahmoud Amejee Mr Ashraf Ali Kara Mr Ismail Patel

Objectives and activities

The aim of the institute is to deliver religious education to students so they can train to become qualified Scholars, religious social workers, family conflict resolution counsellors and fulfil the need of various requirements to the Muslim communities. The trust also aims to provide a platform for students to learn different languages, acquiring knowledge in programmes of literacy, numeracy and ability to write and read. The institution aims to prepare students to become model Muslims and responsible citizens whilst embedding in them a sense of discipline that enables them to develop into upright, respectable and worthy citizens in their respective country.

Achievements and performance

The main achievements of the charity during this year were to continue successfully with its main activities in the furtherance of its objectives.

Financial review

The Charity continued to receive rent from the properties that is owns. The net surplus was large and the Charity's balance sheet is strong. The charity does not have any loans or borrowings.

It is the policy of the Charity that unrestricted funds, which have not been specifically designated for a specific use, should be maintained at a level above three to six months expenditure. The trustees consider reserves at this level will ensure that in the unlikely event of an unexpected drop in rental income, there will be able to continue the Charity's current activities. There are no restricted funds.

Trustees’ Responsibilities Statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year. The trustees have to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 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.

MR ASHRAF ALI KARA

Signed on behalf of the trustees:

Independent examiner's report to the trustees on the unaudited financial statements of Taraj Education Trust

I report on the accounts of The Taraj Education Trust for the year ended 31 March 2021, which are set out on pages 3 to 10.

This report is made solely to the trustees, as a body, in accordance with section 154 of the Charities Act 2011 (the 2011 Act). My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the 2011 Act and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission  under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

I. In connection with my examination, no matter has come to my attention:
II. which gives me reasonable cause to believe that in any material respect the requirements:
III. to keep accounting records in accordance with section 130 of the 2011 Act; and

to prepare accounts which accord with the accounting records and to comply with the  accounting requirements of the 2011 Act; have not been met; or  to which, in my opinion, attention should be drawn in order to enable a proper understanding of the  accounts to be reached.

Statement Of Financial Activities – Year Ended 31st March 2021

Unrestricted Funds £ 118,175 2,565	Total Funds 2021 £ 118,175 2,565	Total Funds 2020 £ 110,050 615
120,740 7,644 2,446 931 6,629 300 4,507 0 302 1,840 721 51,444	120,740 7,644 2,446 931 6,629 300 4,507 0 302 1,840 721 51,444	110,665 7,143 2,166 662 3,192 300 8,832 0 0 1,465 366 13,033
76,764	76,764	37,159
398,488 442,464	398,488 442,464	324,982 398,488

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All the above amounts relate to continuing activities.

Balance Sheet on 31st March 2021

Fixed assets Investment property Fixtures and fittings Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Income Funds Unrestricted funds:	2021 £ 235,339 2,599	2020 £ 235,339 2,939
	237,938	238,278
	113,249 91,577	113,250 47,260
	204,826	160,510
	300	300
	442,464	398,488
	203,527 398,488	160,210 324,982
	442,464	398,488

The financial statements were approved by the Board of Trustees.

MR ASHRAF ALI KARA

1. ACCOUNTING POLICIES

1.1 Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).

1.2 Fixed assets

All fixed assets categories are initially recorded at current market value.

1.3 Income Resources

All income resources are included in the statement of financial activities when the charity is entitles to the income and the amount can be quantified with reasonable accuracy. Investment income is recognised one the accruals basis from rent received from both investment properties.

2. INVESTMENT INCOME

Rental income 3. INVESTMENT PROPERTIES 1361 London Road, SW16 163 Fentiman, SW8 4. DEBTORS Other debtors 5. CASH AT BANK AND IN HAND Cash at bank	2021 £ 118,175	2020 £ 110,050
	118,175	110,050
	2021 £ 235,339	2020 £ 235,339
	235,339	235,339
	2021 £ 113,249	2020 £ 113,250
	113,249	113,250
	2021 £ 91,577	2020 £ 47,260
	91,577	47,260

6. CREDITORS

2021 2020 £ £

Other Creditors	300	300
	300	300

7. UNRESTRICTED FUNDS

Unrestricted funds	Balance on 1 April 2020 £ 398,488	Outgoing resources £ 43,976	Balance on 31 March 2021 £ 442,464
	398,488	43,976	442,464