## **Ismail Sharif and Family Charitable Trust** **Charity Number: 1113651** ## **FINANCIAL STATEMENTS** **31st MARCH 2021** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **CONTENTS** ## **for the YEAR ended 31st MARCH 2021** |**Trust Information**|**1**| |---|---| |**Trustees’ Annual Report**|**2-3**| |**Independent Examiner’s Report to the Trustees**|**4**| |**Income and Expenditure Account**|**5**| |**Balance Sheet**|**6**| |**Notes to the Financial Statements**|**7**| |**Detailed Income and Expenditure Account**|8| **Page 1** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **TRUST INFORMATION** ## **for the YEAR ended 31st MARCH 2021** |**Charity Registration Number**|1113651| |---|---| |**Address**|58 Chester Road| ||Forest Gate| ||London| ||E7 8QS| |**Bankers**|Barclays Bank PLC| ||The Newham Group| ||Business Banking| ||Leicester LE87 2BB| |**Accountants**|Y E Adam Accountancy Services| ||29 Byron Avenue| ||Manor Park| ||London E12 6ST| |**Trustees**|Mr I Sharif| ||Mrs Z Sharif| ||Mr N M Polli| |**Secretary**|Mr I Sharif| **Page 2** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **TRUSTEES’ ANNUAL REPORT** ## **for the YEAR ended 31st MARCH 2021** The Trustees have pleasure in presenting the Financial Statements of the Charity for the year ended 31st March 2021 ## **LEGAL STATUS** Unincorporated trust, registered as a Charity (registration number 1113651). ## **CONSTITUTION AND OBJECTS** Ismail Sharif and Family Charitable Trust was constituted under a trust deed dated 1[st] March 2004. The object of the trust is to relieve poverty and sickness, hardship and distress to human life in general in any part of the world through donations and/or provision of aid in the form of medical or food or in such manner as the trustees may determine from time to time. To advance and promote education in any part of the world through donation, maintenance of building and/or through such means and manner as the trustees may determine from time to time. ## **OPERATION OF THE TRUST** The trustees who have served during the year are set out on page 1. The charity operates by collecting donation from within United Kingdom and Europe and making donation to any part of the world. The trustees are very grateful to the numerous volunteers who have helped the charity with their valuable time and to all the donors during the year. ## **RISK MANAGEMENT** The trustees have examined the major strategic, business and operational risks which the charity faces and believe that they have established systems to mitigate the risks ## **INVESTMENT POWERS AND RESTRICTIONS** The income, properties and all assets of the trust are applied by the trustees solely towards the aim and objects of the trust and to manage, improve and maintain all or any part of land and property of the trust or carry out new work as approved by the Trustees. **Page 3** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **TRUSTEES’ ANNUAL REPORT (cont….)** ## **for the YEAR ended 31st MARCH 2021** ## **TRUSTEES’ RESPONSIBILITIES** The law applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's activities during the year and of its financial position at the end of the year. In preparing these financial statements the trustees are required to: Select suitable accounting policies and 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 departure disclosed and explained in the financial statements Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statement comply with the Charities Act 1993.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. Signed by the order of the Trustees …………………………………….. I Sharif **Secretary** **Approved by the Trustees on 14 September 2022** **Page 4** ## **INDEPENDENT EXAMINER’S REPORT to the TRUSTEES of** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **for the YEAR ended 31st MARCH 2021** We report on the Accounts of the Charity for the year ended 31st March 2021 as set out on pages 5 - 8. ## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER** As the Charity’s Trustees, you are responsible for the preparation of the Accounts. You consider that the Audit requirement of section 43(2) of the Charities Act 1993 does not apply. It is our responsibility to state, on the basis of the procedures specified in the general directions given by the Charities Commissioners under section 47(7)(b) of the Act, whether particular matters have come to our attention. ## **BASIS OF INDEPENDENT EXAMINER’S REPORT** Our examination was carried out in accordance with the general directions by the Charities Commissioner. An independent examination includes a review of the Accounting Records kept by the Charity and a comparison of the Account presented and those Records. It also includes consideration of any unusual items or disclosures in the Account and seeking explanation from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in Audit, and consequently we do not express an Audit opinion on the view given by the Accounts. ## **INDEPENDENT EXAMINER’S REPORT** In connection with our examination, no matter has come to our attention. 1 Which gives us reasonable cause to believe that in any material respect the the requirements. - (a) to keep Accounting Records in accrequirements. - (b) to prepare Accounts which accord with Accounting Records and to comply with the Accounting Requirements of the Act have not been met. 2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. ………………………………….. Y E Adam **ACCOUNTANT** 14 September 2022 **Page 5** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **INCOME AND EXPENDITURE ACCOUNT** ## **for the YEAR ended 31st MARCH 2021** |**Note**
**Incoming Resources**
Income Received
2
**Less: Resources Expanded**
Direct Charitable Expenditure
3
**Net Incoming Resources for the Year**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|**2021**
Unrestricted
Funds
37,779
19,935
17,844
9,223
27,067|**2020**
Unrestricted|**2020**| |---|---|---|---| |||Funds|| |||16,944
17,735|| |||(791)
10,014
9,223|| **Page 6** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** **----- Start of picture text -----**
Balance Sheet
as at 31st MARCH 2021
Note 2021 2020
Current Assets:
Cash at Bank and in Hand 24,433 3,407
Debtors 2,634 5,816
27,067 9,223
Creditors:
Amounts falling due within one year - -
Net Current Assets 27,067 9,223
Net Assets 27,067
Reserve Funds 27,067 9,223
**----- End of picture text -----**
Approved on 14 September 2022 and signed on behalf of the Trustees. **..................................... I Sharif Trustee** **Page 7** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **NOTES to the FINANCIAL STATEMENTS** ## **for the YEAR ended 31st MARCH 2021** ## 1 Accounting Policies **Basis of Accounting:** These Accounts have been prepared in accordance with applicable accounting standards. |2
3|**Income Received**
Donations
Gift Aid/Tax Refund
**Direct Charitable Expenditure**
Activities in furtherance of objects
Bank Charges
Administration
Independent Examiner's Fees|**2021**
35,145
2,634
37,779
19,590
170
175
19,935|**2020**
15,255
1,689|**2020**| |---|---|---|---|---| ||||16,944|| ||||17,275
285
175|| ||||17,735|| ## 4 **Related Party transactions** There were no related party transactions to disclose for 2021 (2020: None) ## 5 **Taxation** The charity is exempt from the corporation tax as all its income is charitable and expended on charitable activities. **Page 8** ## **ISMAIL SHARIF and FAMILY CHARITABLE TRUST** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT** ## **for the YEAR ended 31st MARCH 2021** |**Incoming Resources**
Donations
Gift Aid Tax Refunds
**Charitable Expenditure**
Darul Uloom Balapara India
Bank Charges
Independent Examiner's Fees
**Net Income/(Deficit) for the Year**|**2021**
35,145
2,634
37,779
19,590
170
175
19,935
17,844|**2020**
15,255
1,689|**2020**| |---|---|---|---| |||16,944|| |||17,275
285
175|| |||17,735|| ||||| |||(791)||