Registered charity number 1099498
**AL SHEKHLY TRUST - LEICESTER TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024**
## **AL SHEKHLY TRUST - LEICESTER**
## **CONTENTS**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees' report|2 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Income and expenditure account|6|
|Balance sheet|7|
|Notes to the accounts|8 - 9|
## **AL SHEKHLY TRUST - LEICESTER**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Chairman**|Mr Issa Al -Shekhly|
|---|---|
|**Trustees**|Mr Issa Al -Shekhly|
||Mr Abdullah Al-Shekhly|
||Mr Abdul- Rehman Al-Shekhly|
|**Principal address**|26 Martindale Close|
||Leicester|
||LE2 7HJ|
|**Charity registration number**|1099498|
|**Accountants**|Malik & Co|
||Certified Public Accountants|
||32 Turner Road|
||Leicester|
||LE5 0QA|
|**Bankers**|HSBC Bank|
||154 Dereham Road|
||Norwich|
||NR2 3AQ|
1
## **AL SHEKHLY TRUST - LEICESTER**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 April 2024**
The trustees present their report with the financial statements of the charity for the year ended 5th April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019.)
The accounts have been prepared in accordance with the relevant accounting policies and comply with Al Shekhly Trust- Leicester, applicable law and other requirements.
## **OBJECTS OF THE CHARITY**
Al Shekhly Trust- Leicester is a charity with the following initiatives:
## **Ramadan and Eid Support:**
Provided essential food supplies and dates to families during Ramadan, distributed gifts and clothing to children and families for Eid and supplied meat for Qurbani.
## **Support for Orphans in Senegal:**
Provided financial support to orphans, covering essential needs such as food, education and healthcare
## **Student Assistance in Georgia:**
Supplied monetary support for food during Ramadan for students.
## **India Initiatives:**
Distributed food primarily in underprivileged suburbs, ensuring that vulnerable communities had access to essential nourishment.
Contributed to the construction of a school/Madressa in a poor village, providing educational opportunities to children in need and assisted with the operational costs of the school, supporting its ongoing function and ensuring continuous education for students.
Provided safe accommodations for orphans, ensuring they have a stable environment to grow.
## **FINANCIAL REVIEW**
## **Principal funding sources**
Al Shekhly Trust- Leicester raised donations from local communities during the year to meet the charitable tasks
## **Reserves policy**
We currently have adequate reserves to ensure operational costs are covered for the coming year. Currently no particular figure is set as a reserve fund, but the trustees have adequate financial expertise to monitor the spending of funds.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Al Shekhly Trust- Leicester is a Charitable Trust governed by a Trust Deed dated 01/08/2003 and registered with the Charity Commissioners under the charity number 1099498
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1099498
2
## **AL SHEKHLY TRUST - LEICESTER**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 5 April 2024**
## **Principal address**
26 Martindale Close Leicester LE2 7HJ
## **Trustees**
Mr Issa Al -Shekhly Mr Abdullah Al-Shekhly Mr Abdul- Rehman Al-Shekhly
## **Trustee Induction and Training**
All new trustees receive a planned induction programme before taking up their place on the board. This includes an explanation of their roles and responsibilities, an introduction to other trustees, an overview of recent activities and an explanation of broad format and process.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Review of the Financial Statements**
The trustees consider the results of the year to be satisfactory where they received donations and other income of £29,240 (2023: £24,819) and during the year, the charity carried out its objectives successfully.
On behalf of all trustees, we would like to thank all of our donors and volunteers who helped the charity to carry out the activities successfully over the year.
Approved by order of the board of trustees on 26 August 2024 and signed on its behalf by:
………………………. ………………………….
Mr Issa Al -Shekhly Mr Abdullah Al-Shekhly
3
## **AL SHEKHLY TRUST - LEICESTER**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
Law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis).
In preparing accounts giving a true and fair view, the trustees should follow best practice and:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts;
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the accounts comply with the applicable law. 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.
4
## **AL SHEKHLY TRUST - LEICESTER**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTER COMMUNITY ASSIST FOR THE YEAR ENDED 5 April 2024**
I report on the accounts of the charity for the year ended 5 April 2024, which are set out on pages 6 to 9.
## **Respective Responsibilities of Trustees and Examiner**
As the charity's trustees you consider that an audit is not required for this year. It is the charity's trustees who are responsible for the preparation of the accounts; you consider that the audit requirement of Section 144(2) of the Charities Act 2011 (The 2011 Act) does not apply, and that an independent examination is needed. It is my responsibility to examine the accounts under Section 145 of the 2011 Act and to state, on the basis of procedures, specified in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act, 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 I do not express an audit opinion on the view 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**
In connection with my examination, no matter has come to my attention:
(1) Which gives us reasonable cause to believe that on any material respect the requirements
* To keep accounting records in accordance with Section 130 of the 2011 Act; and
* To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met;
OR
(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
-----------------------------------
Mr Q Abbas FICB, ACPA Malik & Co Accountants Ltd Certified Public Accountants Leicester LE5 0QA
26 August 2024
5
## **AL SHEKHLY TRUST - LEICESTER**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 April 2024**
|**Income resources**
Donations and offerings
HMRC Gift Aid
**Total incoming resources**
**Resources expended**
**Expenditure**
Donation paid out to UK beneficiaries
Donation paid out to overseas beneficiaries
Sundry expenses and cleaning
Bank charges
**Management administration**
Accountancy and bookkeeping fee
**Total resources expended**
**Net income (expenditure) for the year**
Funds balance at 6 April 2023
**Funds balance as at 5 April 2024**|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**Unrestricted**
**£**
24,002
5,238
29,240
6,510
21,514
-
60
-
28,084
1,156
790
1,946|**Total**
**2024**
**2023**
**£**
**£**
24,002
20,875
5,238
3,944
29,240
24,819
6,510
5,710
21,514
20,589
-
-
60
60
-
-
28,084
26,359
1,156
(1,540)
790
2,330
1,946
790|
|---|---|---|---|
6
## **AL SHEKHLY TRUST - LEICESTER**
## **BALANCE SHEET AS AT 5 April 2024**
|**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
3
-
**Current assets**
Cash at bank and in hand
1,946
Other debtors
-
1,946
**Current liabilities**
Trade creditors and accruals
-
4
-
**Net current assets**
1,946
**Total assets less current liabilities**
1,946
**Income funds**
Unrestricted fund
1,946
Restricted fund
-
5
1,946
These accounts were approved by the Trustees on 26 August 2024.
-----------------------------
Mr Issa Al -Shekhly
**Trustee**
**2024**|**£**
**£**
-
790
-
790
-
-
790
790
790
-
790
----------------------------
Mr Abdullah Al-Shekhly
**Trustee**
**2023**|
|---|---|
7
## **AL SHEKHLY TRUST - LEICESTER**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 April 2024**
## **1 Accounting policies**
## **1.1 BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **1.2 INCOMING RESOURCES**
Donations and offerings are raised from the general public and other charities recognised in the Statement of Financial Activities when they become receivable.
## **1.3 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.
## **1.4 RESOURCES EXPENDED**
Resources expended are recognised in the period in which they are incurred.
## **1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated
to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
## **Depreciation rates**
Office equipment 20% Reducing Balance
## **TAXATION**
The charity is exempt from tax on its charitable activities
## **2 Trustees remuneration and related party transactions**
No trustees received any remuneration or expenses during the year (2023 : £NIL)
There were no related party transactions in the year (2023 : £NIL)
8
## **AL SHEKHLY TRUST - LEICESTER**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 April 2024**
## **3 Tangible fixed assets**
|**Cost**
At 6 April 2024
At 5 April 2024
**Depreciation**
At 6 April 2024
Charge for the year
At 5 April 2023
**Net book value**
At 5 April 2024
At 5 April 2023
**4**
**Current liabilities**
Accruals
Amounts falling due within one year
**Restricted**
**5**
**Movements in funds**
**fund**
**£**
At 6 April 2023
-
-
At 5 April 2024
-|**Unrestricted**
**fund**
**£**
790
1,156
1,946|**Office**
**Equipment**
**£**
-
-
-
-
-
-
-
**2024**
**£**
-
-
**Total**
**fund**
**£**
790
1,156
1,946|**Total**
**£**
-
-
-
-
-
-
-
**2023**
**£**
-
-
**Total**
**2023**
**£**
2,330
(1,540)
790|
|---|---|---|---|
9