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2022-03-31-accounts

IMDAADUL GHURABAA TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

IMDAADUL GHURABAA TRUST

CONTENTS

Charity Information 1
Trustees Report 2-3.
Accountants Report 4
Income & Expenditure Account 5
Balance Sheet 6
Notes to the Accounts 7-8.

IMDAADUL GHURABAA TRUST

CHARITY INFORMATION

CHARITY TRUSTEES

Salim Chopdat Chairman Mufti Faheem Mayet Secretary Asif Malik Treasurer

REGISTERED OFFICE

Head Office 28 Conduit Street Gloucester GL1 4XF

REGISTERED CHARITY NUMBER 1077418

ACCOUNTANT

Muddassir Lakhi AFA S. A. Chopdat & Co. 134 Bradford Road Dewsbury West Yorkshire WF13 2EW

IMDAADUL GHURABAA TRUST

TRUSTEES REPORT

Objectives and activities

The purpose of the charity, as set out in the governing document is as follows:

a) To relieve persons in any part of the world who are in conditions of need, hardship or distress as a result of local, national or international disaster or by reasons of their social and economic circumstances and in particular by means of employing human and material resources to provide appropriate relief to such persons. b) The education of adult and children throughout the world.

c) Other charitable purposes for the benefit of the communities in the United Kingdom as and when deemed necessary by the Society.

Imdaadul Ghurabaa Trust owns a small property portfolio consisting of both residential and commercial properties. This provides the majority of the charity’s income. Donations are accepted from individuals known to the Trustees and who are aware of the Trust’s good work, but the Charity does not request donations through advertising or the use of collection tins.

The Trust is run by volunteers who undertake property management duties as well as formal positions within the charity, but no payment is made for their services. In order to deliver its objects of relieving hardship, supporting education and benefitting communities, the charity provides grants to registered charities to carry out this work, if the relevant criteria are met.

The Trustees believe they have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.

Achievements and Performance

The Charity has provided funds to charitable organisations in both the UK and India in 2020/21 with some examples shown below:

Medicins Sans Frontieres, UK – doctors without borders – medical aid where it’s needed most. Independent. Neutral. Impartial - £3,000

Great Ormond Street Hospital, UK – providing medical treatment to sick children- £2,000 Macmillan Cancer Support, UK – care and support for people living with cancer - £3,000

Tajweedul Quraan, India – education and accommodation for the poorest children in the Uttar Pradesh region of India. Also preparation of food parcels for the people of Delhi and surrounding areas during the Covid pandemic - £15,000

The Trustees believe the donations made in the year contributed greatly to achieving the Charity’s stated aims.

Financial Review

The financial position of the Trust at the year-end shows reserves of £1,120k. This was after a contribution of surplus from the Income and Expenditure Account of £46k. The liabilities include a non-interest-bearing loan of £50k due to a Trustee.

Income from property investments yielded £99k, with one new property purchased in November 2021. Donations received in the year were £13k with one large donation of £6.5k received from Zubeda Charitable Trust.

The Charity aims to donate a third of income to fulfil its aims and objectives, spend a third on maintenance of the property portfolio and the final third on building the investment portfolio, so that in future, more meaningful contributions can be made to charitable efforts. The Trust was close to target with £30k of donations made in the year. As Covid restrictions have been relaxed, and availability of labour and materials were improved, a major refurbishment project proceeded during the year.

The Charity is in good financial health and there are no risks the Trustees are considering which would impact the going concern status of the Trust. The impact of Covid-19 is considered later in this document.

Plans for Future Periods

The Trustees regularly review the direction of the Charity and how it can fulfil its aims and objects, including the consideration of risks and the broadening of the investment portfolio into different investment classes.

There are some cash funds available to invest in new projects and Trustees are actively considering various options working with property professionals.

The Trust continues to follow and regularly review a suite of robust policies, as agreed with the Charity Commission and has also strengthened its assurance procedures to continue its overseas work.

Impact of Covid-19

The various national lockdowns imposed by the Government since March 2020, did not hugely impact the Trust’s resources for the 21/22 financial year. However, the charity has been impacted in a number of ways:

• Residential tenants being furloughed and struggling to pay full rent – the Trust has fulfilled its objectives by supporting these tenants by accepting lower rents and providing rental holidays.

• Commercial tenants being forced to close – the Trust has deferred rents to later periods to accommodate the situation

The Trustees believe they are actively managing the risks related to the impact of Covid-19 on the Trust, tenants and maintenance partners and are reviewing activities to ensure they are carried out in a safe way.

Structure, Governance and Management

The governing document is a Constitution adopted on 22nd August 1999, then amended on 10th November 2002. The Charity is constituted as an unincorporated association, being managed by volunteers. During the financial year, with the help of the Charity Commission, Trustees continue to develop a suite of policies which has greatly enhanced the governance effort.

The Charity currently has nine Trustees, and the governing document recommends a minimum of four meetings a year and a quorum of three Trustees to establish a meeting. Due to the geographical dispersion of Trustees, meetings are held in Yorkshire and Gloucestershire. Decisions are made both within these Trustee meetings and through email correspondence.

Trustees are selected by interview and based on a need to fulfil a skills gap or the addition of specialist knowledge. Periodically, observers are invited to attend meetings in order to understand the work of the Trust and provide counsel.

All risks to which the charity is exposed, as identified by the Trustees, have been reviewed and procedures have been established to manage those risks.

Mr Salim Chopdat Chairman

IMDAADUL GHURABAA TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

Responsibilities and basis of report Independent examiner’s statement

I report to the trustees on my examination of the accounts of the Imdaadul Ghurabaa Trust for the year ended 31 March 2022, which are set out on pages 2 to 3.

Responsibilities and basis of report

As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

M Lakhi .

……………………………………………

Muddassir Lakhi AFA S. A. Chopdat & Co 134 Bradford Road Dewsbury WF13 2EW

09/11/2022

Date: ……………………………………..

IMDAADUL GHURABAA TRUST

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Incoming Resources
Rental Income
Bank Interest
Donations received
Other income
Total Incoming Resources
Resouces Expended
Charitable Donations
Rates and Water
Light and Heat
Insurance
Repairs and Mainteance
Legal Fees
Service charges
Management Fees
Bank Charges
Total resources expended
Net Income		 Note 98,509
14
12,678
440
111,641
30,000
293
221
3,815
28,958
24
699
1,489
211
65,710
45,931
Unrestricted
funds		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 98,509
14
12,678
440
111,641
30,000
293
221
3,815
28,958
24
699
1,489
211
65,710
45,931
2022		 75,283
76
14,095
1,153
90,607
2021
26,000
-
505
2,961
10,549
444
-
855
286
41,600
49,007

IMDAADUL GHURABAA TRUST

BALANCE SHEET AS AT 31 MARCH 2022

Fixed Assets
Properties
CURRENT ASSETS
Prepaymnets
Balance at Bank
CURRENT LIABILITIES
Creditors and Accruals
Net Current Assets
Long Term Loans
REPRESENTED BY:
CAPITAL ACCOUNT
Reserve
Surplus Income for Year		 1,032,929
40
96,637
96,677
9,124
87,553
50,000
1,070,482
1,024,551
45,931
1,070,482
Unrestricted
funds		 -
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 1,032,929
40
96,637
96,677
9,124
87,553
50,000
1,070,482
1,024,551
45,931
1,070,482
2022		 891,976
1,542
183,787
2021
185,329
2,754
182,575
50,000
1,024,551
975,544
49,007
1,024,551

IMDAADUL GHURABAA TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

1.1 Basis of Accounting

The financial statements have been prepared in accordance with "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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

1.2 Fund Accounting

General Or Unrestricted funds are those which are used at the discretion of the trustees in furtherance of the general objective of the charity Restricted funds are those which are to be used in accordance with specific restrictions imposed by donors or raised by charity for a particular purposes.

1.3 Resources Expended

Resources expended are included in the statement of Financial activities on an accrual bases inclusive of any VAT which cannot be recoverable.

1. FIXED ASSETS INVESTMENTS

Properties
2. CURRENT ASSETS
Lloyds 22464168
Lloyds 22885360
Prepayment
3. DEBTORS & PREPAYMENTS
Rent
4. CREDITORS & ACCRUALS
Bond
Repairs and Maintenance		 2022
1,032,929
6,632
90,005
40
96,677
-
2,124
7,000
9,124		 2021
891,976
170,000
13,787
1,542
185,329
1,280
-
-
-

IMDAADUL GHURABAA TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

5. TRUSTEES & RELATED PARTIES

Trustees expenses and remuneration None None
Number of trustees who were paid expenses Nil Nil
Total amount Paid Nil Nil
Trustees Remuneration Nil Nil