Surti Orphanage Limited - Charities report

REGISTERED COMPANY NUMBER: 06048050 (England and Wales)

REGISTERED CHARITY NUMBER: 1136926

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Surti Orphanage Limited

(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

13

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 activities

The objects of the school is the advancement of education of boys and girls within the locality of Dih Sarsauna, Bihar.

This is an impoverished area, where poverty is rife and educational opportunities limited. Surti Orphanage was set up to provide an education, shelter and medical facilities to children in the locality and beyond. This is a non fee paying school and all expenditure is undertaken solely by funds raised by donors in the UK on an annual basis.

The aim is to equip children with the knowledge and skills to attain self sufficiency later in life.

Our objectives are to;

To broaden our curriculum in line with syllabuses being used within established schools within Bihar state, ensuring

uniformity and consistency with other educational establishments in the area.

To continue to provide a 'free' education to all students. English, Maths, Hindi and Religious Studies form the core foundations of the syllabus. We seek to enhance the quality of education provided to students, with increasing

investment in resources such as curriculum books to deliver this.

All students are provided with 3 meals a day. We seek to continue providing all students with these nutritious meals. For many this is the only wholesome food they are in receipt of. Endeavours are made to ensure the menu is varied and healthy.

All students are provided with 2 sets of uniform a year. We seek to continue to provide these to students on a yearly basis.

All health and welfare costs are undertaken by Surti Orphanage and again we endeavour to continue to provide this free service to all our students.

Supporting students financially after they have left Surti Orphanage. We are currently supporting 4 students with their further education and seek to continue further studies for our current students in the same way.

Surti Orphanage welcomes students from all backgrounds and from other localities.

ACHIEVEMENT AND PERFORMANCE

We have as always some great progress to report on this year from both an educational perspective and building

maintenance perspective.

Education Update

The madarassa continues to run the syllabus of Imarat Shariah (a recognised establishment in India which is responsible for running key madarasas nationwide, approximately 200 which are in Bihar itself) whereby the standard in English, Math, Hindi and Islamic Studies is focused towards higher education for the children. Annual examination system has been introduced in the madarasa which is invigilated by external examiners.

The IT units and the IT teacher and progressing well in equipping children with basic IT skills and ways to enable

effective utilization of these resources.

FINANCIAL REVIEW

The charity also achieved significant results in using its funds in the most cost effective way possible. This is reflected by the retained funds and the net assets owned by the charity which can be expended on the charity's forthcoming projects.

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.

Organisational structure, governance and management

Surti Orphanage Limited was established and registered as a company limited by guarantee in 2007. The work and

affairs of the charity are governed through compliance with a memorandum and articles of association. The charity

currently has a board of 4 trustees who meet to review and oversee the work of the organisation at quarterly meetings.

Extensive Investment has been undertaken on the infrastructure of Surti Orphanage. This work has been overseen by our Chairperson, who makes annual visits to ensure that work is being undertaken to the highest quality and to identify other areas of work that require investment.

The Secretary and Chairperson liaise with educational bodies in Bihar to ensure the school's syllabus and methods of evaluating student progress are in line with other educational establishments in the state.

The key roles performed by each trustee are as follows:

Salim Farooqui - Corresponding with banks and donors. Liaison with regulatory institutions and all external stakeholders, supervision of yearly progress

Sarwar Quamer - Bookkeeping and administrative duties

Shahida Sheikh - Advisor

Administration of Madrassa:

During the year, Surti Orphanage Limited has made arrangements with charity (Jamia Islamia Ishaatul Uloom, registered in India under registration number B-139, Dhule) and also registered in the United Kingdom under charity registration number: 1136524 to oversee the operations being carried out in India. Jamia Islamia Ishaatul Uloom is well established and highly reputable charitable organisation in India delivering high quality educational services across the country.

The purpose of this arrangement is to improve the standard and quality of education being provided to the students. In addition to this, such arrangement will add more transparency to funds being utilised in India by the local management.

Under this arrangement, Surti Orphanage Limited will transfer funds into Jamia Islamia Ishaatul Uloom UK in their UK bank account, who will then spend according to the costs incurred by Surti Orphanage's Madrassa in India.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06048050 (England and Wales)

Registered Charity number

1136926

Registered office

2 Manor House Lane

Datchet

Slough

Berkshire

SL3 9EB

Trustees

S Farooqui Director

Ms S Quamer Director

Ms S Sheikh Director

Company Secretary

S Farooqui

Independent Examiner

Three Leaves

Chartered Certified Accountants

2 Manor House Lane

Datchet

Slough

Berkshire

SL3 9EB

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 October 2025 and signed on its behalf by:

S Farooqui - Trustee

Independent examiner's report to the trustees of Surti Orphanage Limited ('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.

Muhammad Usman

Three Leaves

Chartered Certified Accountants

2 Manor House Lane

Datchet

Slough

Berkshire

SL3 9EB

27 October 2025

2025

2024

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

16,676

17,660

Investment income

3

-

213

169

Total

-

16,889

17,829

EXPENDITURE ON

Charitable activities

4

Charitable activities

-

32,536

33,546

NET INCOME/(EXPENDITURE)

-

(15,647

)

(15,647

)

(15,717

)

RECONCILIATION OF FUNDS

Total funds brought forward

-

154,554

170,271

TOTAL FUNDS CARRIED FORWARD

-

138,907

154,554

2025

2024

Notes

£

FIXED ASSETS

Tangible assets

7

44,000

CURRENT ASSETS

Cash at bank

96,107

111,754

CREDITORS

Amounts falling due within one year

8

(1,200

)

(1,200

)

NET CURRENT ASSETS

94,907

110,554

TOTAL ASSETS LESS CURRENT
LIABILITIES

138,907

154,554

NET ASSETS

138,907

154,554

FUNDS

10

Restricted funds:

Madrassa project

76,539

92,399

Hostel & Office project

62,368

62,155

138,907

154,554

TOTAL FUNDS

138,907

154,554

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 27 October 2025 and were signed on its behalf by:

S Farooqui - 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 2015)', 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.

These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 (effective 1 January 2015). The date of transition is 1 February 2015.

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 (effective 1 January 2015) and have not impacted on funds or SOFA.

The following accounting policies have been applied consistently through out the year:

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

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.

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.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long leasehold land - Not provided

Computer equipment - 33.33% on cost

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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.

Cash at bank and in hand

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in life.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.	DONATIONS AND LEGACIES

2025

2024

£

Donations

16,676

17,660

3.	INVESTMENT INCOME

2025

2024

£

Deposit account interest

213

169

4.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 5)

Totals

£

Charitable activities

30,926

1,610

32,536

5.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

Charitable activities

15

1,595

1,610

6.	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.

7.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

equipment

Totals

£

COST

At 1 February 2024 and 31 January 2025

44,000

559

44,559

DEPRECIATION

At 1 February 2024 and 31 January 2025

-

559

NET BOOK VALUE

At 31 January 2025

44,000

-

44,000

At 31 January 2024

44,000

-

44,000

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Accruals and deferred income

1,200

9.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025

2024

Unrestricted

Restricted

Total

fund

funds

£

Fixed assets

-

44,000

Current assets

-

96,107

111,754

Current liabilities

-

(1,200

)

(1,200

)

(1,200

)

-

138,907

154,554

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.2.24

in funds

31.1.25

£

Restricted funds

Madrassa project

92,399

(15,860

)

76,539

Hostel & Office project

62,155

213

62,368

154,554

(15,647

)

138,907

TOTAL FUNDS

154,554

(15,647

)

138,907

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

Incoming

Resources

Movement

resources

expended

in funds

£

Restricted funds

Madrassa project

16,676

(32,536

)

(15,860

)

Hostel & Office project

213

-

213

16,889

(32,536

)

(15,647

)

TOTAL FUNDS

16,889

(32,536

)

(15,647

)

Comparatives for movement in funds

Net

movement

At

At 1.2.23

in funds

31.1.24

£

Restricted funds

Madrassa project

108,286

(15,887

)

92,399

Hostel & Office project

61,985

170

62,155

170,271

(15,717

)

154,554

TOTAL FUNDS

170,271

(15,717

)

154,554

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

Incoming

Resources

Movement

resources

expended

in funds

£

Restricted funds

Madrassa project

11,940

(27,827

)

(15,887

)

Hostel & Office project

170

-

170

Qurbani project

5,719

(5,719

)

-

17,829

(33,546

)

(15,717

)

TOTAL FUNDS

17,829

(33,546

)

(15,717

)

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

£

Restricted funds

Madrassa project

108,286

(31,747

)

76,539

Hostel & Office project

61,985

383

62,368

170,271

(31,364

)

138,907

TOTAL FUNDS

170,271

(31,364

)

138,907

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

£

Restricted funds

Madrassa project

28,616

(60,363

)

(31,747

)

Hostel & Office project

383

-

383

Qurbani project

5,719

(5,719

)

-

34,718

(66,082

)

(31,364

)

TOTAL FUNDS

34,718

(66,082

)

(31,364

)

11.	RELATED PARTY DISCLOSURES

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

12.	LEGAL STATUS OF THE CHARITY

Surti Orphanage Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceased to be a member.