AL UKHUWWAT TRUST 63 EAST AVENUE MANOR PARK LOI¥DON E12 6SG TRUSTEE'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31st JANUARY 2024 COIYTENTS PAGE NO Trustees Report Accountant's Report Receipt and Payment Account Balance Sheet Notes to the Accounts STERLING SOLUTION LIMITED ACCOUNTAY] rs & AUDITORS 37 YORK ROAD ILFORD ESSEX IGI 3AD AL uKH￿AT TRUST TRUSTEES Mr. M Y Razi (Chainnan) Mr. S H Farooque Mr. K Yousaf Mr. Bilal Yousauf Razi CIL4RITY NO. 1078960 REGISTERED OFFICE 63 East Avenue Manor Park London E12 6SG ACCOUNTAIYTS Sterling Solution Limited 37 York Road Ilford Essex IGI 3AD Lloyds Bank 14 High Street North East Ham London E6 2HN AL uKHU￿AT TRUST TRUSTEE REPORT For the Year Ended 31st Janua 2024 The trustees of Al Ukhuwwat Trust present their report and the financial statements st for the year ended 31 January 2024. Aims and objectives of Al-UkhuwTrvat Trust. The aim of Al Ukhumtwat Trust is the rclief of the financial need amongst the poor student community, primarily within the United Kingdom and abroad & to provide cducation for the poor students to improve the conditions of their lives by giving them scholarship and timely medical treatment. Trustees All of the trustees have been mentioned above and there are no other trustees. All of the trustees named on contcnt page served tI￿OUghoUt the period. The board has the power to appoint additional trustees if it considers fit to do so. Tangible Fixed Assets for use by charity All fixed assets in use by the centre are the properties of the Al Ukhuwwat Trust. Statement of Trustee's Responsibilities. The CA 1985 requires the trustees to prepare financial statements for each year that give a true and fair view of the state of affairs of trust and of the sury)lus and deficit of the centre for the period in preparing these financial statements, the trustees are required to: Select suitable accounting policies and apply them consistently. Make adjustments and estimates that are reasonable and prudent. State whether the policies adopted are in accordanc¢ with th¢ CA 1985 and with applicable accounting standards and stat¢m¢nts of rccommended practice, subject to any mat¢rial d¢partur¢s discloscd and ¢xplain¢d in th¢ financial statements. Prepare the financial statements on a going concem basis unless it is inappropriate to assume that the centre will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy the financial position of the centre and enable them to ensure that the financial statements comply with the CA 1985. They are also responsible for safe guarding the assets of th¢ centre and for taking reasonable steps for the prevention and detection of fraud and error and other irregularities. Approved This report was approved by the board of trustccs on 21 Junc 2024 and 5ign¢d on its behalf: Mr. M Y Razi (Cbairman) AL UKHUWWAT TRUST AL UKHUMWAT TRUST ACCOUNTANT'S REPORT TO THE TRUSTEES For the Year Ended 315t Janua 2024 In accordance with the accounting records and inforn)ation supplied to us, we have prepared these financial statements under the historical cost convention without st carrying out an audiL for the year ended 31 January 2024. Sterling Solution Limited Accountants & Auditors 37 York Road Ilford Essex IGI 3AD Date: 21 June 2024 STERLING SOLUTION LTD AL UKHUWWAT TRUST RECEIPTS AND PAYMENT ACCOUNT FOR THE YEAR ENDED 31 JAIYUARY 2024 Notes INCOME Membership and donations 26,235 EXPENSES Education, scholarship expenses 7,000 Administration cost 1,835 Charity paid 1,580 Bank Charges 10,415 Surplus / (Deficit) for this period 15,819 su￿lus fLmd b/f Surplu5 funds clf 107,717 123,536 The annexed notes from I to 5 forn] an integral part of these financial statements STERLING SOLUTION LTD AL UKHUIIWAT TRUST BALANCE SHEET AS AT 31 JANUARY 2024 Notes FIXED ASSETS 69,672 CURRENT ASSETS Cash at bank and in hand 53,863 CURRENT LIABILITIES Amounts falling due within one year TOTAL ASSETS LESS CURRENT LIABILITIES 53,863 123,536 CAPITAL AND RESERVES Surplus Fund blf Surplus / (Deficit) for this period 123.536 123,536 Approved by the board of trustees and signed on their behalf by Mr. M Y Razi ( Trustee ) Date: 21 June 2024 AL UKHUWWAT TRUST IYOTES TO THE ACCOUNTS For the year ended 31st January 2024 ACCOUNTING POLICIES BASIS OF PREPARATION These accounts have been preparcd under historical cost convention and on accnlal basis. They include income & cxp¢nditure as they arc earned or incurred, rather than as cash received or paid. The recommendation of SORP 2 (Accounting of Charities) have been followed in the preparation of these accounts. The centre has taken advantage of the exemption in Financial Reporting Standard No. l from the requirement to produce a cash flow statement. COME All donations and other income received are treatcd as income of the Al Ukhuwwat Trust under separate headings. VOLUNTARY INCOME Membership fees and donations. 26,235 FIXED ASSETS All fixed assets are the property of Al Ukhuwwat Trust Balance as at 1st February 2023 Additions during the period 69,672 Balance as at 31 January 2024 69,672 CURRENT ASSETS Bank Deposit Account Bank Current A￿Unt Pety Cash Total Bank Account NIL 49,470 4,394 53,864