Emaan Trust of Sheffield - Charities report

REGISTERED COMPANY NUMBER: 06806357 (England and Wales)

REGISTERED CHARITY NUMBER: 1131861

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

EMAAN TRUST OF SHEFFIELD

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objective and its principal activity continues to be the establishment of a centre for community services to fulfil the religious needs of the Muslim community and to provide services to the wider communities in Sheffield and the surrounding areas.

These services include:

- To relieve poverty by the provision of advice, financial and other assistance to those in need, hardship or distress.

- To advance education for the public benefit.

- To preserve and protect good health for the public benefit.

- To provide facilities in the interests of social welfare for the recreation and other leisure time pursuits of those who are in need.

The charity continues to explore new ways of improving the conditions of individuals. The charity is organised so that the Trustees meet regularly to manage its affairs.

There is a fundraising consultant supporting the trustees fundraising strategy, together with the admin staff and volunteers the trustees manage the administration of the charity to oversee the compilation of the centre and organise fundraising initiatives. New Trustees are only recruited and trained when a Trustee leaves his/her position or a strategic need arises.

Public benefit

The Charity is a public benefit entity and the Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

ACHIEVEMENTS AND PERFORMANCE

Fundraising activities

The Charity raises funds through appeals carried out by it's own Trustees and volunteers. It does not work with professional fundraisers. No complaints have been received by the Charity regarding it's fundraising during the year.

The Charity obtains most of it's funding from organisations and individuals, who have previously contributed to it's funding, and as such does not need to carry out many appeals.The Trustees are very careful not to target their appeals at vulnerable people and would not accept funds from such individuals.

FINANCIAL REVIEW

Financial position

During the year the Trust raised £161k (2024: £1.1m) and spent £155k (2024: £242k) on revenue activities and £101k (2024:£1.1m) on the Islamic Centre.

The total carry forward reserves of the Trust stood at £8.52m (2024: £8.52m).

Reserves policy

Restricted reserves stood at £4.8m (2024: £4.8m) and unrestricted reserves at £3.71m (2024: £3.71m).

The Trustees have considered the level of reserves and found them to be adequate for meeting the immediate and future needs of the Trust.

Going concern

The Trustees consider that there are no material uncertainties about the charitys ability to continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Emaan Trust was founded in 2004 and was registered as an incorporated charity with UK Charity commission in 2009. The company is a private limited company limited by guarantee incorporated on 30 January 2009 and is governed by its articles of association (Articles). In the event the charitable company is wound up members are required to contribute an amount not exceeding £1.

Emaan Trust seeks to establish an Islamic centre in order to fulfil the religious needs of the surrounding Muslim communities and to provide services to the wider community in Sheffield and surrounding areas.

Recruitment and appointment of new trustees

The new Trustees are briefed on their legal obligations under charity laws and regulations, the Committee and decision making process, the recent financial performance and the future plans and objectives of the charity. They also meet other Trustees and the employees.

Organisational structure

The board of Trustees administer the charity through committees, contractors and one full time employee. The staff manages the day to day operations of the charity while the contractors and the construction committee oversee the construction of the centre. To facilitate effective operations the board have nominated Trustees and delegated authority to oversee operational matters including, Finance, Legal and donation making

Key management remuneration

There is no Management Personnel employed, the Directors who are also the Trustees of the Charity, manage the smooth running of the charity, and do not receive any remuneration

Risk management

Reputation risk

Negative PR can damage the Trusts standing and reputation with donors.

The Trust Board includes experienced professionals that actively oversee the work of the Trust. The Trust has also engaged legal and finance professionals to manage legal and finance risks.

Lack of funds

This can delay the construction and completion of the Islamic centre.

The Trustees have effective fund raising plans in place to ensure funds are raised in a timely manner. During the year key Trustees with various fund raisers travel to the Middle East and liaise with donors to ensure funds are raised in a timely manner

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06806357 (England and Wales)

Registered Charity number

1131861

Registered office

Sheffield Grand Mosque

Grimesthorpe Road

Sheffield

South Yorkshire

S4 8DE

Trustees

Mr Hameed Al-Asaly

Mr AbdulMalik AlSanabani

Mr Abderrezzaq Bougara

Mr AbdulRehman Hussein

Mr Ali Al Batati

Mr Mark Bonham

Independent Examiner

Eccounting UK

AR Business Centre

12 The Crofts

Rotherham

South Yorkshire

S60 2DJ

Approved by order of the board of trustees on 10 September 2025 and signed on its behalf by:

Mr Abdulrahman Hussein - Trustee

Independent examiner's report to the trustees of Emaan Trust of Sheffield ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Shoakat Zaman

The Institute of Financial Accountants

Eccounting UK

AR Business Centre

12 The Crofts

Rotherham

South Yorkshire

S60 2DJ

10 September 2025

2025

2024

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

152,458

-

152,458

1,142,059

Investment income

2

9,100

-

9,100

7

Total

161,558

-

161,558

1,142,066

EXPENDITURE ON

Raising funds

3

13,284

-

13,284

136,995

Charitable activities

Masjid Activities

-

113,366

Other

141,787

-

141,787

-

Total

155,071

-

155,071

250,361

NET INCOME

6,487

-

6,487

891,705

RECONCILIATION OF FUNDS

Total funds brought forward

3,706,678

4,805,217

8,511,895

7,620,190

TOTAL FUNDS CARRIED FORWARD

3,713,165

4,805,217

8,518,382

8,511,895

2025

2024

Unrestricted

Restricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

8

3,700,958

4,782,458

8,483,416

8,388,946

CURRENT ASSETS

Cash at bank

13,019

22,759

35,778

128,561

CREDITORS

Amounts falling due within one year

9

(812

)

-

(812

)

(5,612

)

NET CURRENT ASSETS

12,207

22,759

34,966

122,949

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,713,165

4,805,217

8,518,382

8,511,895

NET ASSETS

3,713,165

4,805,217

8,518,382

8,511,895

FUNDS

10

Unrestricted funds

3,713,165

3,706,678

Restricted funds

4,805,217

TOTAL FUNDS

8,518,382

8,511,895

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2025 and were signed on its behalf by:

Mr Abdulrahman Hussein - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees's meetings and reimbursed expenses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

2.	INVESTMENT INCOME

2025

2024

£

Rents received

9,100

-

Deposit account interest

-

7

9,100

7

3.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

Raising funds

13,284

13,920

Support costs

-

123,075

13,284

136,995

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

Annual audit fee

-

4,800

Depreciation - owned assets

6,980

8,783

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

Employees

2

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

157,397

984,662

1,142,059

Investment income

7

-

7

Total

157,404

984,662

1,142,066

EXPENDITURE ON

Raising funds

136,995

-

136,995

Charitable activities

Masjid Activities

113,366

-

113,366

Total

250,361

-

250,361

NET INCOME/(EXPENDITURE)

(92,957

)

984,662

891,705

RECONCILIATION OF FUNDS

Total funds brought forward

3,799,635

3,820,555

7,620,190

TOTAL FUNDS CARRIED FORWARD

3,706,678

4,805,217

8,511,895

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 February 2024

8,354,040

42,767

1,229

8,398,036

Additions

101,450

-

101,450

At 31 January 2025

8,455,490

42,767

1,229

8,499,486

DEPRECIATION

At 1 February 2024

-

8,553

537

9,090

Charge for year

-

6,842

138

6,980

At 31 January 2025

-

15,395

675

16,070

NET BOOK VALUE

At 31 January 2025

8,455,490

27,372

554

8,483,416

At 31 January 2024

8,354,040

34,214

692

8,388,946

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Accrued expenses

812

5,612

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.2.24

in funds

31.1.25

£

Unrestricted funds

General fund

3,706,678

6,487

3,713,165

Restricted funds

Construction fund

4,805,217

-

4,805,217

TOTAL FUNDS

8,511,895

6,487

8,518,382

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

161,558

(155,071

)

6,487

TOTAL FUNDS

161,558

(155,071

)

6,487

Comparatives for movement in funds

Net

movement

At

At 1.2.23

in funds

31.1.24

£

Unrestricted funds

General fund

3,799,635

(92,957

)

3,706,678

Restricted funds

Construction fund

3,820,555

984,662

4,805,217

TOTAL FUNDS

7,620,190

891,705

8,511,895

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

157,404

(250,361

)

(92,957

)

Restricted funds

Construction fund

984,662

-

984,662

TOTAL FUNDS

1,142,066

(250,361

)

891,705

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.2.23

in funds

31.1.25

£

Unrestricted funds

General fund

3,799,635

(86,470

)

3,713,165

Restricted funds

Construction fund

3,820,555

984,662

4,805,217

TOTAL FUNDS

7,620,190

898,192

8,518,382

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

318,962

(405,432

)

(86,470

)

Restricted funds

Construction fund

984,662

-

984,662

TOTAL FUNDS

1,303,624

(405,432

)

898,192

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2025.