REGISTERED COMPANY NUMBER.. 05421849 REGISTERED CHARITY NUMBER.. 1134323 GREENSVILLE TRUST ICONSOLIDATEDI IA COMPANY LIMITED BY GUARANTEEI REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 XeinadSn Audlt Ltd (Statutory Auditor) Ground Floor Citygal8 Longrfdge Rd Preston PR2 5BQ GREENSVILLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Page Reference and Admlnlstratlve Detalls Report of the Trustees R¢F)Ort of th* Indèpendent Auditors 8 to 10 Consolldated Sta¢emgnt of Flnan¢lo1 Actlvltles Consolldat•d Statem8nt of Financlal Positson 12 Company Statement of Flnan¢lal Po$ltlon 13 Consolidated Statement of Cash Flows 14 Notes to the Consolidated Statement of Cash Flows 15 Notes to the Consolidated Financial Statements 16 to 27 GREENSVILLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2024 Trustees Dr H Shroufl Mr M A Siddiq Mr R M Ake81 mrmY￿1 Company secretary Mr K Mèah Registered office Felicity House Northdale Road Liverpool L154HT Reglstered Company numb¢r 05421849 Registered charity nurnber 1134323 Auditors Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd P￿S1on PR2 5BO Pagè 1 GREENSVILLE TRUST REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 APRIL 2024 The trustees who are also directors of the charSty for the purposes ol the Companies Ad 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the prow5ion5 of Accounting and Reporting by Chariti8s'. Slat&ment of RecomTnend8d Practice applicable to charit185 preparing thair accounts in accordance with the Financial Reporting Standard applicable in the UK ar￿ Republic of Ireland IFRS 1021 (effective l January 20191. Oble¢tives and aetivities Our Vision Greensville Trust'$ vision is.. o nurture holistlG faith-ba5d corntnunits.es that have at their heart educational institutions that impart a broad and relevant traditional 151arnic curriculum. This vision is underpinned by the principles of sincerity. excellence and educab'on rooted in practice: binding fornial leaming to the imperabve of actSon and seelng educatlon as a transformabve process and not merely informative.. The trust belleves that its communities can only flourfsh and be protected from wider soeiety's ills through promotlng auth8ntic 151amic education rooted in the highest Iradibon of scholarship and this means making leaming accessible and relevant to Muslims in Coniemporary Britsin. The acquisition and development of the Bradford site is lurKJamenlal to this aspiration. The tru5t'5 aim5 are.. to est8blish traditionally inspired, rn￿eM educational institutions that teach the e$sen￿al sciences of Islarn through the employment ol highly qualified teachers., to provide financial and administrative support to UK based students seeking to attain sacrad knowledge In order to Tyjrture horne grown teachers of the tradition., and to develop a wide range of religious and educational matarials in Ihe English langua9e that asgst in Ihe educabon of Muslims in Britain. Our Strategy The trust believes that sa¢red edv¢atk)n is a right that begins prior to birth. The trust's approa¢h to education is that eduCat￿n involves lifelong laarning from Ihg vadle to th8 grave is not limited trj any particular age group. The trust believes that communitiss can only flourish and contribute lo the uplrft in socièty through promoling authentic Islamic education rooted in the highest tra¢Jition of scholarship. The Greensville Trust aims to do this by making leaming accessible and Televant to Muslims in contemporary Britain. The acquisition of the Bradlord 51te will allow the Greensville Trust to delryer on these educational aspirations with plans to offer education lin various forynsl frorn pre-school through to adulthood. The Bradford site (to be known as Mustafa Mount) will maximise the trust's impact and widen the ¢ir¢le of benefit lo encompass whole communities. The circle of tenefit will go beyond the immediate Bradford catchment as the site will attract students from all over Ihe UK and internationa15y. Students will be eneouraged to ￿a¢￿ out and engage wth people in their tswn ltscalities through teaching and by lending 5UPPOrt to any comrnunity-based initiative that promotes morality and good practica Ith8 principle of knOw￿dge rooted in good practi￿1. Our Partnors Due to our longstanding involvement within the sphere of claSs￿al education here in the UK. the Tmst has been able io gain regular a¢cess lo a network ol senior international Islamic scholars and has simultaneously built partnerships with edu¢alMMal institutions throuyhout the ￿ngth and breadth of the UK. We believe our communities Can only flourish and contribute to the uplrft of the wider society through prornoting authentic Islamic education rooted In the highest tradillon of scholarship and this means making learning a¢cessit)le and relevant to Muslims In ￿nteMporary 8ritaln. Our revised aims a￿ as follows.. - The purposes of the charity are, lor the public benefit.. to advance Islam., - to advance education., to prevent or relieve poverty or financial hard5hip', to provide facilities in the inter8Sts of social welfare for recreation and leisure tirne occupation with the object ol improving tha conditions ol use lor the general public and In particular the Muslim cornmunily., and - to further such other charitable purposes as the trustees shall from time to time determine. Page 2 GREENSVILLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL2024 Strategic report Achievement and pgrfomiance Courses Achlevement and p0rfomian¢• Coursos icro-madrasa A weekend adult school of Islamic literacy that airn5 to irnpart orthodox and holistic teaching5 at a rLKlimentary level over the course of three years. For more info. please vislt.. httpJlWww.g￿en$VI1Ietnlsl.orgIMlcrornadTasa1. It was establlshed in 2007, and runs in Livarpool (Saturday) & Bradford Isundayl from Septèmbèr to Jun&. It now has circa 400 students altending, over the tsvo localions and online every weekend. Students come frorn diff&r8nt ethniciti85 and backgrounds. Th8y include professionals, 5tud8lltS. $81f-etnploy8d, unemployed, etc. As part of the course there is now also a 4-day retreat, which takes place at Mustafa Mount. Arablc Madra5a A part-tirne adult evening course where students can learn to read, write and converse in the Arabic language. 11 was establish8d in September 2015 in Liverpool bu¢ now runs in Bradford and online too. Over 100 students are now registered and learning the language every week. Rawda After School An after-school provision where children aged 7+ learn to reacj the Quran, write and Converse in Ihe Arabic language, learn basic Jurisprudence IFSqhl, C811igrèphy and Prophetic sports. It was èstablished In Liverpool In September 2017. but now also runs in Bradf(xd too. The class timings are Monday- Friday, from 16.30-18.30 and runs from September io July. Over 120 students now altend th8S8 das58S The Essentials of Islam A one-year free adult course that run5 for 2 hours on the weekend kn boih LNerpool and Bradford. It L% also avallable online lor those who cannot attend in person. It focus8s on the very basics of Islam, leaching Islarni¢ studies, Qyr'ani¢ literacy, belief and purity & prayer. Over 100 people now attend thr6 course. uisitions 49 BANK STREET, 47 KIRKGATE and 20 auEENSGATE, BRADFORD This property was 8cquired in June 2023. The property comprises iwo ret8il units $Èt wthin an Attractive peri(￿ building. - 47 ￿[kgate trades as British Heart Foundation 47a s currently vacant and being marketed The property is Grade 2 List￿. Rental incorne is current￿ £30,000 per annum increasing to approximately £50,000 per annum once the ernpty unli Is let. Retreats The Trodd9n Path - Sacred Retreat The Trodden Path 18 8 welcorned opportunity for eager Students to 588k companionship and learning at the feet of 50mè of the bearers of the prophetic legacy in the modem age. Systematic study of the sacred. at the hands of those qualified. is a perpelual obligation upon the faithful, as a means ol ensuring that the sours soioum through lands accursed culminates in a triurnphanl retum unto the Holy Realm. The retreat ran at Mustafa Mount in August 2023. Page 3 GREENSVILLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 ourn A visit to the Muslim lands with intemati￿8l scholars & teachers. For more inforrnatK)n. please visit.. http.'IlWww.greens￿IIetrU$t.or￿Is0J0uM.php. A Sojourn lo Jordan took place in De￿mber 2023. Tours 11 Virtues Tour An eight-city, national tour aimlng to engender in society a greater love aNI knowledge of Ihe Messang8r of GLYJ, may the prayers and peac8 of God be upon him. For rnore wforrnation, please vLsit." http.'Ilwrtuestour.com I http'.Ilfacebook.comfvirtuestourl. 21 Outreach classes Monthly Classes on various topics in different UK oties. 31 The Virtues 'UK Seerah, Tours A tour of 8 cities across the UK speaking, recitsng poetry and singing nasheeds regarding the life and times of the Messenger of God, rnay the prayers and peace of God be upon him. Prophetic relics a￿ also exhibited. 41 Educational Imperative Tour An eight-¢ty tour in Ihe North of England raFsing awareness of the importance of seeking knowledge. Onllnt Courses Also, a number of extensive online covrses, were run making sure that Ihe student5 n8ver missed out. Extensive online educational programs were run. 11 The lslatnic tnonlh of Shaww81 64ay online program 21 Jewels of the Quran - A weekly qurfanic study program for several months 31 The151arnic monlh of Dhul Hiiiah- The 10 Night5 An online program of daity dasses lor the first 10 days Haj Journey5- a daily talkshow l interview with variou5 gue5t5 speaking about their Haj joumeys. 41 The IsLqmic rnonth of Muharram- The Monlh of God An online 11-day program of daily dasses and supplicat￿n$ - Online fundraising event5 also ran. 51 The Islarnic rnonlh of Rabi ul Awwal An online one-month program with daily classes connectirg people to the Hdy Prophet Muhammad. may the PTayeT5 and peace ol God be upon him 61 The Islamic rnonth of Sha'ban -'Watering the Seeds. A one-monlh program. wth daily online classes throughout the day. 71 A Ramadan pro9r8m called'Nafahat R8rnadinwa' A one-monlh program. ￿th daily classes, suppllcations and prayers during the M￿th. Grants The Trust was awarded a £300K caiital as part of the Bradford City of Culture 2025. The grant is for the creation of an art gallery which On￿ completed will attract local and national visitors. Work is due io Commen￿ in earfy 2025. Investrnont performan¢o Social investments - During the yeai, the charity invested £1,300,000 as a mixed mo￿ve investment to generate financial return to thtr charty. Th8 irKom8 gan8rat8d would be used to support the communlty and carrylng on more charitable work. Financlal r¢vSew Flnancial position During the year the Charfty earned £2,777K12023'. £3,606KI. This £1,263K 12023.. £2.526KI from don8tvJns, £1,024K12023.. £902KI trom 18Cture5, event5 and courses, £NIL 12023." £50KI from sponsorships and £212K 12023.. £30KI trom investment income. After spending £2,687K12023:£2,742K}, thè charity had a positive movement in funds 01 £89K12023..£864KI. Page 4 GREENSVILLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 Strateglc report Financial review Re5erv85 pollcy The balance on general unrestricted funds as of 30th April 2024 wer8 in surplus. IdealSy, the trustees would Ilke to create a buffer ol free r&sorv&s of approximately slx months of the annual core expenditure of Ihe Charity. The trustee5 hope lo rnaintain this by good rnanagetnent of resour￿$, nursing existing and acqulring new incorne str8arns. Curr8nt busin888 plans and strategic planning se8ks to encompass this issut. Cash flow itsk The charty continued to scenario plan it5 cashflow and the variation in impact of increased and redU￿d eash scenarios. Th8 Charity continued with its rolling cashflow proj8cIIons of 6 months. The Charity is conf￿ent ol 115 ctsnlinualion as a g)ing COn￿M is confident ol ils conlinuatyon as a 90ing conc8m Credit risk The charty's prlnclpal financial assets a￿ bank balances and Cash, trade and other receivables and investments. Tha charity's credit risk is primarily attribLrtable to its trade ￿CeIvable$. The amounts presented in the balance sh8et are net ol allowan￿5 for doubtful receivables. Ari allowance for impaiment is made where the￿ is an identified loss event which, based on pre￿ouS experience, is evTdence of a reduction in the reeoveTabilty of the cash flows. The charity has w signfficant concentration of credit risk, with exposure spread over 8 large number of counterp8rlieg and customsrs. Llquldlty risk In order to maintain liquidlty to ensu￿ that sufficient funds are available for ongoing operations and futur8 dev81oprn8nis. the Gharity uses a rnixture of long-term short-tertn debt finan￿. Further delads regardiro liquidity risk can be found in the Statement of accounting policies in the financial statements. PTln¢lpal rl$ks and uncertaintles Cash fl The Charity continuèd to SC8narits plan its cashftow and the variation in impact of increased and reduced cash scenarios. Thè Charty eontinued with its rolling cashflow projections of 6 months. The Charity is confSdent of Its eonts"nuats"on as a going concem Is confident of its ￿ntinUatIon as a going concen Credit risk The ¢harity$ principal finanaal assets a￿ bank balances and cash, trade and other receiva￿e5 and inve5trnents. The charity's ¢￿dit risk Is primadly attiibulable to Ils trade recepiables. The arnounls presented in the balance sheet are n8t of allowances for doubtfvl receivable5. An allowance for impaim)ent Is made where there is an identified loss event which, bas8d on previou5 8xperienc8, is 8VKlence ol a rèduction in thè racoverability of the cash flows. The charity has no srgnifieant concentration of credit risk, with exposure sp￿ad over a large number of counterparbes and customers. Ll uldl rls In order to maintain liquidity to ensure that sufficient funds are available for Ong￿ng operations and fvture developments. ItrL8 charity uses a mixlur8 of long-t8rm and short-lerrn debt finance. Furthgl details regarding liquidity risk can be found in the Ststement of accounting poliries in the financial staternents. Greensvllle Trust 8$ an organisation has for some tlme benefited from contlnuous grovrth both in a¢tNity and receipt of charttable donations. A trustee's role in a charity is one of huge importanc8 and significance and carries wth it much re8ponsibility and a¢￿V￿tablIlty. which includ8s bul not lirnited to being the'guardians of purpose,, making sure that all decision5 put the needs of the beneficiaries first. They safeguard the charity's assets both physic31 assets, including properly. and intangible ones, such as its reputation. In S8Pt8rnb8r 2020, an intyalive was started to review th8 fvbJr8 COrnP05ition of Trust88s alongsido gulding prindp that should form the basis for recruitment. This is a work is ongoing and the board Yrill rnllectively work togethor to put in plèce the requlred structure to allow Ihe charity to o)ntinue its growth wrthout compri&ng th8 n8￿S of the benef￿lan@s. Page 5 GREENSVJLLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 Strateglc report Futll￿ plans Mustafa Mount Inltlatlve A report wa5 commissioned by Arnion Consulting. This report focused on six sections, as fdlow$.' Project background setting out the background to the Greensville TTU5t, its operation5, Structure and finance and spe¢ifi¢ally ils vlsion for Mustafa Mount. Market appraisal - rev￿wing the local demogr8phir3 8nd examining th8 rA)mpeting supply lor 80me of the elements that will feature at Mustafa Mount. Survey findings- results from the primary marf(et ￿searCh Into the propose¢J facilltSes. Financial appraisal a sumrnary of the incorne and expenditure projections for Ihe project Mrith an overview of the phasing and capital costs. Funding requirements an examination ol the various sources of funding. Financial appendi￿S- furtmer detailed tradSng prolections for each element ol the projeel as well as four S￿nario$. This report was pre5ent8d to CEO. Trus18es and broad8r stak8holders. It provided 85suranc8 of thg viability of the broader vision. The next stage of this pro¢ess was the commissioning of architects to create a site plan, which is ongoin9. Mo an Sindal Work was done with Morgan Sind81 to support them with diversfying their workforce. Thls included the delivery ol a TKJrnber of workshops. ￿¢ruitMent events and broader stakeholder engagement, which leatj to a number of successful jobs lor under￿presented young people from the 8AME (Black, Asian, Minority. Elhllic Cotnrnunityl. Natural En land Work continues with Natural England to e￿nUrage communities from disadvantaged backgrounds to have greater involvement with nature and green spac8s. Mustafa Mount Venue Hire External organisations such as the police, health and other voluntary sector organisations ¢onkn"nue lo book the facS1ities fortheir events. The Sandown Lane Liver ool site The site 15 still undergoing refurbishment and Is awaiting plannlng approval from Lwerpool City Councn. We are confident that we wll get the ￿qUired plannlng Consent which wll allow us to brlng the development to a completion. stru¢ture, governance and management Governing document The charity is ¢ontrolled by its governing document, a deed of trust. and constitutes a Ilmtted company, Ilmited by guarantee, as defined by the Cornpanie5 Act 2006. The charity is constituted as a Company limited by guarantee. not having Sha￿ capitsl and is therefo￿ govemed by Memorandum and Articles of Assodalion. in¢orpowted 12 April 2005 as amended by the Special Resolu￿On 10 November 2009 and further amended by Specjal Resolution on 16th March 2022. Thg charily directors otheNise known as trustees are ￿spO￿lbIe for the general control arrfl management of the charity. The trustees meet on a monthly basis via various rneans of cornmunication. be that wa onlin8 meetirhgs or physical rneetings and are responsible for all decision5 taken in relabon to running Ihe Trust. To assist in the smooth running of the charity the trustees establish a number of sub committees to help oversee ￿rtaIn aspects of the chaHtys work. An example of such a Committee is the fundraising comtnittee for the building project. Recruitment and appointment of new trustees In selecting new trustees. we seek lo identify people who regularty attend events and funeknons organized by thè charity, anrj are willing to volunteer to help in our broader comrnunity work. Potential trust9es are asked to attend trustee meetings as obseNers and gfven more details of the charity's aims and objectives. If all tru5tee5 agree, th8 new candidate will b8 proposed as a new truste8 al the subsequent trustees rne8ting. This process allows due consid8ration of a pgrson eligibility, pgrsonal wrnpgtence. specialist kno￿edge and skills. The following changes to the trustees have occurred.. Resignations.. None Appointm8nts.. None P8ge 6 GREENSVILLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 Structure, governance and managernent Indueuon and tralnlng of new trustees Followng appointment new trustees are introduced inlu their role and given Copies of the goveming Instrument, existing policies and procedures of Ihe charty. A number of publi¢at'on$ from the Charities Commission will be provided including the guidance an charities and public benefit and on tre advancement ol religion for public benefft. This will ensure all trustees are aware and familiar with the swpe of their responsibilthes under the Charities Act. Initially. new trustees will work with an existsng trustee. They are then given the ts$k of leading 8 partiGular proje¢t Events slnce the end ofthe year Information relating to events since the end of the year is gNen in the notes to the financiaj statements. Stalernent of tru5tses' responslbllltles The trustees (who are also the dire¢tors of Greensville Trust fcr the purposes of ¢ompany lawl are responsible for preparing the Report of the Trustees and the finanGial statements in accordance wth applicable law and United ￿ngdorn Accounkn"ng Standards (United Kingdom Generally Accepted Accounting Pracb"¢el induding F￿anCi￿ Reporb"ng Standard 102"The Financial Reporbng Standard applicable in the UK 8nd Republic of Ireland" Company18w r8qUITe$ the trustees to prepare financia statements for each ffinancial year whi¢h give a true and fair view of U)e st*e of affairs of the charitable company and ol the incoming resource5 applical'on of resources, inc]uding the income and expendiiuie, of ttie ¢t¥aritable company for Ihat period. In preparing those financial statements. the trustees are required to sele¢t8uitsb18 accounting policies then apply them conwstsntly- - observe the methods and principles in the Charity SORP", make judgements and estimates that are reasonable and prudgnt., state whelher applicable a¢¢ounting standards have been followed, subject to any Material departures dI￿108&d an explained in the financial statements., prepare the finanaal statements on the going con¢em basis unless it is inappropriate to presume Ihat the charitable company wlll eontinue in busness. The trustees are responsible for keeping proper accounting recoids whr¢h dis¢lose wilh reasonable a¢￿￿Y at any time e financial posstion of the charitable company aTrd to enable them to ensure that the financial ststements Comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable ¢omp4ny and hence for taking reasonable steps for the prevenb.on and dete¢tion of fraud and other irregularitses. In so far as the trustees are aware, there 15 no relevant aufth't information of whid) the Charitable company's audtors are unaware., and the trustses have taken all steps th8tthey ought.to have taken to make theMse￿eS aw8re of any relevant audit information and to establish thatthe auditors are aware of that inforrnats"on. Auditors The wditors, Xeinadin Audit Ltd (Statutory Auditor). will be proposed for re-appointment at the forthcoming Annu General Meeting. Report of the trustees incorporating a strategi¢ report. approved by Order of the bo¥d of trustees, as the company directors, on .........xs1. >.1. lo>.>........... and signed on the board¥ behalf by.. Mr M A Siddiq- Trustee Page 7 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GREENSVILLE TRUST Opinlon We have audlted th8 finaricial 5taternent5 of Gr8ensville Trust Ithe'parent Charitab￿ companll an(J ils subsidiaries (the 'group'l for th8 year ended 30 April 2024 which comprise th8 c￿saI1dat8d Sta18rnent of Financial ActivitEes, Con501idated Statement of Finarncial Position, Company Statement of Financial Position, Con501idat8d Statemgnt of Cash Flows and notes lo the financial statements, including a summary of signific8nt accounting policies. The financial reporting framework that ha$ been applied in their p¥eparalion is applicable law and United Kingdom Accountin9 Standards (United Kingdom G8nerally A¢￿8Pt8d Accounting Practic81, induding Finanaal Reporting Standard 102 'The Flnancial Reportin9 Standard applicable in th8 UK and RePut￿lC of Ireland.. In our opinion the financial statements.. give a true and fair view of the State of the charitable COmpan￿S allairs as at 30 April 2024 and ol its incoming resources and 8ppIic8tion of re$ourc9$. including it5 in(x)rne and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Slandaid 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland.: and have been pr8par8d in ac(x)rdanc8 Wlth th8 r8quir8ments of th8 Cornpanv85 Act 20C6. Basls for oplnlon We conducted our audit in accordance with Internatvjnal Standards on A￿lI￿ng IUKI IISAS IUKII and appllcable law. Our sponsibilities under those standards are further d8scrib8d in ihe Auditors, re5pon5ibililies for the audit of the financial stat8m8ntS 58Ction of our r8porL We are indep8nd8nt of th8 charitable company in accordance with the ethical requirements that are ￿levant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical resptsn*bililies in awordan¢e wllh these ￿quIreMer)t$. We belleve that the audit evidence we have obtained 15 Sufficient and appropriate to provide a basis for our opinion. Conclusions relatiny to 9olng ¢oncern In auditing the financial staternenls, we hav8 concluded that thè trustees, use of the gdng con¢em basls ol accountiro in the preparation of the finanual ststernents is 8ppropriat6. Based on thg work we have perfomied, we have not identrfied any material ullcertainlies relating to 8V8nt5 or conditions that, individually or collectively. may cast significant doubt on the tharitsble company's 8bility to ¢ontinue as a going concein for a peritsd of at least iwelv8 rnonlhs from when the financial statements are aulhorised for issue. Our re5ponsiblities and the r85ponsbi ilities of the tnAst88S Wlth resp8Ct to going concern ar8 described in the relevant sections of this report. other Information The trLSStees are responsible for the other information. The other inforrnalion cornpris8S the info￿allOn inclurds and returns., or we have not ￿eeNed all the infomiation and explanations we requi￿ lor our audit. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GREENSVILLE TRUST Responsibilities of trustee5 As explained more fully in the Ststemenl of Trustees, Responsibilities, Ihe twskes (who are also the dlreclors of the charitable cornpany for the pU￿oSe5 of cornpany lawl are responsible for the preparalion of the financial staternenls and for being satisfied that thèy give a true and fair view, and for such intemal wnlrol as th8 trustees determine is necessary to enable the preparatw)n of financial statements that are lrte from rnaterial rnis5tal8ment. whether due to fraud or error. In preparing th8 financial slalements. the Iruslees are resFK)nsible for assessing the charitable cornpanys ability to ¢onts"nue as a going co￿e￿n, disdosing, as applicabl8, matters related to going concern and using th8 goiThJ concem basis of accounting unless the trustees either intend to liquidate the Charitab￿ colnpany or to Cease opera*'ons. or have no realistic altemalive but to do so. Our responsibilities for the audlt of the financial statements We hav8 been appointed as auditors under Section 144 of the CharftSes Act 2011 and report in accordance wth the Act and relevant regulations rnade or having effect thereunder. Our objective5 are to obtain reasonable assvrance aMut whether the financial statement5 as a whole are free from rnaterial misstatement. whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assuranc8 15 a high level of assurance, but is not è guarantee that an audit conducted in accordance with ISA5 IUKI will always deleGI a rnaterial rnisslal6ment when it exists. Misstatements Can aas8 from fraud or error and are considered material Sf, Individually or in th8 aggregate, they could ￿aS0Thabty be expected to influence the econornic decisions of user5 taken on the bas15 of these financial ststemenls. Our approach to identifying and assessiw the risks of material rni5Stat8ment in respect ol irregularities, induding fraud and nonryeom￿lanc8 with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had th8 appropriat8 competence, capabilities and skills lo Identify or recognise non NET ASSETS 7 750 326 7 750.326 7.272.471 Funds Unrestricted funds Restricted funds 23 7.750.326 6.746,145 526 326 Total funds 7 750 326 7.272.471 The Charitable company is entiued to exemptr'on from audit under Section 477 of 1he Companies Act 2006 for the year ended 30 April 2024. The rnembets have not deposted notrce, pursuant to Section 476 of the Conyanies Act 20(b requiring an audit of these financial 8t8tements. The trustees acknowledge their respon￿bIll￿e$ for lal ensuring that the ¢haritable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the tharitable 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 whiGh otherwse comply wilh the requirements of the Comp8nies Act 2006 relailng to financial statements, so far 8s applicable to the chaiitable company. Ibl These financial statements have been audited under the requirements of Sectton 145 of the Charities Act 2011. The finan al 5t8tements were approved by the Board of Truste¢s and authorised for issue on and were signed on its beha51 by.. Mr M A Siddiq- Tlustee The notes form part of these financia statements Page 12 continued... GREENSVILLE TRUST COMPANY STATEMENT OF FINANCIAL posinoN 30 APRIL 2024 2024 Total funds 2023 Totsl Jnds Unrestrlcted fund Restrleted fund Notes Flxed assets Intangble assets Tangible assets Investments Investments Investment propety Soaal investments 13 14 5,178,822 5.178,822 4,951,348 15 16 17 700 80D,ODO 1 300 000 700 800,000 1.300,000 500 411,605 7.279,522 7.279.522 5,363,453 Currènt assets Stocks Debtors Cash at bank and in hand 18 19 52,369 565,949 1 386015 52.369 565.949 1386,015 52.369 274,450 2.966.824 2.004.333 2,004,333 3,271,039 Credltors Amounts falllng due wthln one year 20 164,7591 164.7591 171.08BI Net current assets 1 939 574 1 939.574 3.199.951 Totsl assets less eurrent Ilabilities 9.219,096 9.219.096 8,563,404 Creditors Amounts falling due after more Ihan one year 21 I1,545,￿)0) 11,545.0001 11,295,(K)01 NET ASSETS 7 674,096 7,674,096 7 268.404 Funds Unrestricted fvnds Restricted lund5 23 7,874,096 6,742,078 526.326 Totsl funds 7,674,096 The financi84 statements were approved by Ihe Board of Trustses and aulh0ri5ed for issue on . >s.1>lh￿8nd were signed on its behalf by.. Mr M A &ddq-Trustee The notes folm part of these ￿n￿Cial staternènts Page 13 GREENSVILLE TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024 2024 2023 Notes Cash flow5 from operatlng acllvltles Cash generated from operations 313,218 774.907 Net cash provided by operating activities 313,218 774.907 Cash tlows from Irhv85ting actlvltles Purchase of tangible fixed 8S58ts Purchase of fixed asset investments Purchase of inve5trnent property Purchase of Social investments 1439,632 12001 1307.1761 1,300.0001 1172.0541 15001 Net cash used Sn investing aCt￿tieS 2.047,0081 172,5541 cash flows from financing a¢tivitlOS New bans in year Loan repayments in year 300.000 50,0001 400.IJ)01 Net cash provided by/lLtsed inl financing activitie5 250 000 400,0001 Change In cash and ¢a$h ¢qul¥ol¢nts In the reporting perlod Cash and cash oquival•nts at tho btglnnlng of the reporting period 11.483,7901 202,353 2.966.824 2,764.471 Cash and cash equlvalents at the end of the reporting period 1483.034 2,966.824 The notes fo￿￿ part of thes• financial st8tbmènts Page 14 GREENSVILLE TRUST NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2024 Rg¢on¢lllatlon of not Income to net cash flow from operatln9 act1vi￿e$ 2024 2023 Net in¢ome forthe reporting period las per the Stat8rn8nt of Financral Activitles) Adjustments for.. Dep￿clat￿)n Charges Loan transferred to donation Oecreas811incre8sel in Stocks D8creas8 in debtors Decrease in creditors 89,460 864.306 189,734 175,n8 1100,0001 1133,0691 13,794 1,200 44,896 Net cash provlded by operaflons 313,218 774,907 Analysis of changes in fundslldabtl At 1.5.23 Cash flow At 30.4.24 N9t cash Cash at bank and in hand 2.966,824 1.483.790 1,483,034 2.966,824 1,483,790 1,483,034 Debt Debts fallin9 due after 1 year 1,295.000 250,0001 1,545,000 1,295.000 1,545,(K>O Total 1,671,824 1,733,790) 61,966 Tha nolès fom part of th&s8 financlal statemènts Page 15 GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL2024 Statutory Infomiatlon Greensville TTU5t is a privat8 (x)mp8ny by guarantee without share eapltal use of 'Llmlted' exemption, registered In England and Wales. The (x)mpany'$ registered number and registered office address can be found on the Company Infomialion page. The presentth.on currency of th8 financial 5tat8rnents is lh8 Pound Sterling l£l. The financial stalernents have been prePa￿d on the 9Ding Can￿M basis and under the historica cost convention in ac¢ordan¢e wlth the accounting FX)licies set out below. Accounting policles Basls of preparlng th• finanelal stat•m•rtts The financial slalements of the chaiitable company, which 15 a public b8nefft entity und8r FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charthes.. Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Flnancial Reporting Stand8rd applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and R8public of Ir81and' and the Companies Act 2006. Basis of consolidation The consolidated financial stat8tn8nls include the financial 5t318rn8nts of th8 charity and its sub&diary undertakings made up to 30 April 2024. A subsidiary is an entity that is controlled by the parent. The results gf subsi¢Jiary undertakings are included in the Stslement ol Financial Aclivites from the date that control commenc8s unty'l the date that control ceases. Control is estatilished when the company has the power to govem the operating and financial policies ol an entity so a5 to obtain benefits frorn its aclivilie5. In a5ses5ing control. the group takes into consideration potential voting rights that are curr8ntly 8xercisabl9. In the parent financial statements, investments in subsidiaries are carried at cost less Impairment. Business comblnatlon and goodwill Busine8s combinatSons are a￿ounted for by applying tha purchase method. Th9 ¢osI ol a business combination is the fair value of the considerallon glven, Ilabilltles ineurred tsr assumed and of equity instruments issued plus the c05t5 direclly allributable lo the bu5ines5 combination. Where control 15 a¢h￿Ved in stages ihè w5t 15 Ihe consideration at the dat8 of each transaction. On acquisition of a business. lair values are atlribuled lo the identifiable assets,1Sabillties and cor)linoent Ilabilllles unless the fair value cannot be measured ￿lIably, In which case the value is incorporated in gooilwill. Intangible assets are only recognised s8paral8ly from goodwill where they ar& separable and arise frorn contractual or other lega rights. Wher8 the fair value of contingent liabililies cannot be reliably measured they are disdosed on the sarne basis as other contingent liabilities. Goodwill recognised repre5entS the exc&s5 of the fair value and directly attributabl& costs of the purch8S8 consideration over the fair values lo the group's Interest in the Identlfiable net assets, Ilabllitles and contingent liabilities aCquI￿d. Go￿wIll is amortised over its expected usefvl life whith is estimated to b8 five years. Goodwill is assessed for impairrnent when there are Indicators ol Impalrrnent and any Impalm)ent Is charged io the Income statement. No r8ver8als of impaimienl are recognlsed. Income All income is recognised in the Statement of FITranG￿l A¢tivilies onTr the charity has entitlernent to the funds. it is probable that the income wlll be ￿CeiVed and the amount can be rneasured reliatAy. Donations of cash. which include ￿gUlar giving, public (k)natlons and appeal are recognlsed as income once Greenwlle Trust has the right to receive donation. it 15 probable that 8conomic benefit5 will be received, and the amount of the donation can b8 m8&5ured reliably. Trading incom& 1$ recognlsed on the polnt of sale for purchase goods or Servi￿$. Pag6 16 continuèd... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL2024 A¢¢ountlrsg pollcl•s- eontlnu•d Expenditure Liabilitle5 are r8cognis8d as expenditure 88 soon a5 there is a legal or ¢onstru¢tive obligation committing the charity to that eKpendtture. it is probable that a transfer ol ewntsmic benefits will be required in setdement and the amount of the obllgalion ean be measured reliably. Expenditure is a¢countad for on an a￿rual$ basis and has been da5sified under headings that agg￿gate all c051 related to Ihe calegory. Where costs cannot be dirèctly attributad to particular headings they have been allocated to activities on a basi5 consist8nt wth the usa of resources. Tangible fixed assets Depre￿atIon is provid8d at the following annual rates in ord8r to writ8 off each asset over its estima18d us8fv1 Freehdd property Fixture5 and fittings Motor vehides Computer equipment per annum straight lin8 basis 20% on reducing balance 20°/o per annum straight line basls Straight line over 5 years Tanglble assets are stated at cost lor deemed eostl less accurnulated depreciation and 8ecumulated Impairment Ios585. Cost includes the original purchase price. costs dI￿¢11Y attributable to bringing the asset lo ils workin9 condition for its intended use, dismantling and restoration costs. Plant and machinery and fixtur8s, fittirys. tools and 8quipm8nt 8r8 stated at co¥t18s$ accUmU￿t8d d8pr8aation and accumulated impairment losses. At each balance sheet date. the company mlews the carrylng amounts ol it5 property, plant and equlpmenl to determine whether Ihere is any indication that any items of property, plant and equipment have suffered an impairmeril loss. If any such indication exists, the Tecoverabl8 arnount of an a85et IS 85timated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of th8 asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. 11 the recoverable arnount of an assèt 15 estitnated to be less than its carrying amount, the cartwrig atnount of the asset is redU￿d to its recoverab￿ amount. Impairment loss is recogni$￿ as an expense immediately. Where an impalment loss 5ub5equentty reverses, the Carrying arnount of the 05set is increased lo the revksed estimate ol its r8coverable amount, to the ext8nt that the incr8a5ed carrying amount doe5 not exce8d the carrying amount that woul¢ have been determined (net of depre¢iationl had no impairment loss been re¢ogni$ed for the asset in prior years. A reversal of an impairment loss is re￿gnIsed as income Immediately. So¢lal Investments Social investrnents are recorded at cost. less any prowsion for dirninution n value. unless the charity is able to obtain a ￿liable estimate of lair value. Investm•nt property Investrnent property Is shown al rnosl ￿cent valuatSon. Any agg￿gate surplus or deficlt arlslng from Changes In fair value is recognised In tt)e Statement of Financial Activlties. stocks stocks are stated at the lower of cosl and estimated sellirbg price less Gosts to complete and sell. Cost is determined on the first-in. first-oul IFIFOI method. Cost Includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the inv8lltory to its present location and condition. Net realisable value is based on the estirnated selling price less any estimaied completion or $811ing costs. When stocks are sokj, the e8rying amount of those stocks is recogni5ed as an èxpense Sn the perlod tn which the related revenue is rewgnised. Th¢ arnount of any write-down of stocks lo net reali58ble value and all 105ses of stocks are re¢ognised as an expense in the period in which the write-down or loss o¢curs. The amount of any reversal of any write-down of stocks is recognlsed as a reduction in the amount of inventories recognlsed as an expense in th8 P8ri0d in which the reversal occurs. Taxation The charity is exernpt from COTporatK)n t8x on its charit8bl8 activitl88. Pag6 17 continued.. GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 APRIL 2024 Accounllng poll¢les- ¢ontIn￿d Fund a¢¢ounting UNiestricted tjnds can be us8d in accordan￿ wilh the charitable objectives at the discretion of the trustees. Restricted funds can only be used lor particular restricted purpos8S Within th8 objects of the charity. Restilctions arise when specif￿￿ by the donor orwhen funds are raised for particular reStr￿tad purp05e5. Further explanation of the n8ture and purw)se of each fund is iwTrclu¢Jed in the notes to the flnancSal ststements. Hlre purchase and leasSng commltments Rentals paid under operating leases are charged to the Statement of Financial A¢tiwties on a straight line basis over th9 period of the lease. Trade and other debtors Trade and other debtots that are r￿1Vable within one year and do not constitute a financing transaction are recorded at the undiscount8d amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently al amortised cost, net of impaimient. Cash and cash equivalents Cash and cash equivalgnts (x)mprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or les5 and bank overdrafts. In the staiemenl of flnandal poslllon, bank overdrafts are shown wilhin ￿)rrOwIng$ or current liaknlities. Trade and other creditors Trade and other creditors are inibally recognised at fair valu8 8nd thereatter ststèd at amortlsed cost uslng the effective interest method unless the effect of discounting would be imrnat8rial, in which case they are stated al cost. Related partles For the purposes of these financial staternen￿, a party is Cr￿sidered to be related to the ¢ompany if.. {il the party has the ability, dI￿¢￿Y or indirectly, through one or more intermediarie5, to control tha Company or exercise significant irifluence over the company in rnaking fiNancial and operating pdicy decisions. or has joint control over the company.. {iil the company and the party are subjecl to common control- {iiil the patly is an associate ol the Company or a joinl venture in which the company is a ventur6r.- livl the party is a member of kèy management personnel of the company or the company's parenL or a ck)se family rnember of such an individual, or is an 8ntity ulld8r the control, joint ctsntrol or syjnfficant influence of su individuals., Ivl the party is a close family member of a paty referred lo in lil OT is an 8ntity under the control, joint control or significant influence of Such individuals., Ivil the party is a post-employment benefit plan which 15 for the beneflt of employees of the company or of any entity that is a related party of the company., or Iviil the party, or any member ol a group of which it is part. pro)rides key managemont P8r8onnél $8Nlces to tha cornpany or its parent. Close family members of an individual a￿ those faTnily members who rnay be expected to Influe￿e, or be Snfluenced by, that indivldual In their dealings with the entity. Flnan¢lal In$trum¢nts A financial asset or a financial liaiility is re¢ognised only when the entity become5 a p8rty to the contractual provislons of the instrument. Basic flnandal Instwments are initially wognised al the transactK)n pric8. unless the arrangement constitutes a financing transaction, where it 15 recognised at tre present value of the future payments discounte¢J at a market rale of interest for a sirnilar debt instrurnenl. Debt instrum8nls are subsequently m88sured at arnortised cost. Directors, loans Ibeing ￿paYable on demand). trade debtors and trade creditor5 ar8 rneasured at the undlseounted amount of the cash or other considerallon expected lo be pald or received. Flnancial assets that are measured at cosl or amortised cost are reviewed for objective ewdenee ol impaimient al the eThS ol each reporting date. If there is obje¢tive evidence of impaimienl, an impairment loss is recognised in profit or Ios5 immediately. Page 18 eoThlinued... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollci•s - contlnu•d Trade and other debtors Any r8versals of impairment are recognised in profit or Ios5 immediately. to the extent that th8 r8ver5al does not result in a carrying atnount ol the financial asset that eX￿e￿$ whal the carrying amount would have been had the mpalrmenl not prevlously been recognlserl. Golng concern In assessing the g￿n9 concern poslion of the group for the period ended 30 April 2024. the director5 have conSide￿d the cash requirements ol the group and company taking into account the current economic environment and the impact on the group's trading and cashfltsws. Allocatlon of support costs Support costs are those functions that assist the wotk of the charity but do not direcly undert8ke charitable activities. Support costs include back office wsts, finance, pètsonnel, payroll and governance costs which support the charity's activities. Provl$lons A provision is iecognised in the slatsment of financtal positlon when the group has a present legal or constructive obligation as g re5uII of a p8St event that can be measures reliably, and It Is probable that an outnow of economic benefits will be required to settle the obligation. Provisions are recognised al the best 8Stirnate of the arnount required to settle ihe obligation at the reporting date. Dona¢ions anfl legacies 2024 2023 Donations 1.2e3.979 2,526,793 Other ¢harl¢oble a￿1VIl￿$ 2024 2023 Fees, events 8nd (x)ursé incom8 Sponsorships Other trading income 1,024.924 902.388 50,950 95,693 275,554 1,300,478 1.049.031 Investment hcome 2024 2023 Income from prop*ty Social invèstment Interest recew8bl8 53,774 140,833 18.342 24.1 6.420 212.949 30,520 Page 19 ntinued... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 30 APRIL 2024 Ralsing fund$ Other tradlng a¢tlvltt•s 2024 2023 Opaning stock Purchases Closing stock Dired costs Gift to donors 133,069 214.114 1131.8691 29,417 6.950 209.271 I133,(￿9) 11,109 28,3931 244,731 65,868 Charilable a¢tlvllle8 costs Support costs Ise8 note 81 D5rect Costs Totals Charitable activities 1.712.442 724.910 2,437.352 Expenditure on charitable activities comprises o)5ts associated with the provision of events, education and training in Islamic faith and madrasas. Support costs Governance costs Management Finance Totals Charitable activities 671,466 17.12e 36.318 724.910 Support cost5, included in the above, are as follows.. Management 2024 Charitable actlvltles 2023 Total activit185 Rates and water Insuran Light and heal Tel8phone Postage and stationery Professional fee5 Cleaning Amortisatson ol IntangSble flxed assets Depreaalion on tangible 85set 61.524 11.083 201,011 5.776 78.425 94,800 29.113 140 189,594 82,588 6,755 234,898 5,658 58,258 185,784 31,801 100 175,638 671.466 781.480 Page 20 continu8d... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2024 Support costs- eontlnu•d FlnanGe 2024 Charitable actlvltle$ 2023 Total a¢tlvltles Bank charge5 17.126 16.360 Net bncomellexpendlturel Net incomellexpendrturel is stated after chargingllcreditingl.. 2024 2023 Depredation- owned 8S5et5 Rent Goodwll arnorbsation 189.594 67,766 140 175.638 86.891 100 10. Audltors, remuneratlon 2024 2023 Fees payable lo the charitys auditors and their as5O￿at85 for the audit of the charity's financial staternents 8.400 7.800 11. Tru5tee¥' rgmuneratlon and benefits There were no trustees, ￿￿UneratIOn or othar b8ll8fits for th8 y8ar 9nd9d 30 ArKil 2024 nor for the year erK19d 30 April 2023. Trustees. expenses There were no trustees. 6xp8ns&$ paid for th8 y8ar 8nd8d 30 April 2024 nor for the year ended 30 April 2023. 12. Staff costs 2024 2023 Wages and Salaries Social security costs 444,809 37,891 423.461 482,700 460.457 The average monthly number of èmploy88$ during the year was 8s follows.. 2024 22 2023 21 No employees receiv8d emoluments ￿ eX￿s3 of£60,000. The average number of employees by undertakings Ihat were proportionately consolidated during the year was 2212023.. 211. Pag8 21 ¢On￿nUed... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - eontinued FOR THEYEAR ENDED 30 APRIL 2024 13. Intanglblo f*x¢d a$$ets Group Company C05t At 1 May 2023 Additions 500 200 At 30 April 2024 71)0 Amortlsatlon At 1 May 2023 Charge for the year 100 140 At 30 Aprll 2024 240 Net book value At 30 April 2024 460 At 30 April 2023 400 14. Tangible fixed a858t8 Group Freehold Flxtures and Motor vehl¢le$ property ttlngs Computer equipment Totals C051 As at 1 May 2023 Additions 4,973,731 309,165 408.838 129.300 51,878 31,945 1.167 5,466,392 439,632 As at 30 Aprll 2024 5,282.896 538.138 51.878 33,112 5,906,024 Depreclatlon At 1 May 2023 Charge lor year 286,772 105858 161.336 75.380 47.448 4.430 19,488 4,146 515,044 189,594 At 30 April 2024 392,430 236.696 51.878 23,634 704.638 Net book valuo At 30 April 2024 4,890,486 301,442 9,478 5,201.386 At 30 Aprfl 2023 4.686,959 247.502 4,430 12.457 4.951.348 Page 22 ontinued... GREENSVJLLE TRUST NofES TO THE CONSOLIDATED FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 30 APRIL 2024 Company Freehold Flxtures and Motor vehlcles property fitting5 Computer equiprnent Totals Cost As at 1 May 2023 Additions 4.973,731 309,165 408,838 101.095 51.878 31.945 1.167 5,466.392 411,427 As at 30 April 2024 5,282,896 509.933 51.878 33.112 5.877.819 Depreciation At 1 May 2023 Charge for year 286.772 105.658 161.336 69.719 47,448 4,430 19,488 4.146 515.044 183.953 At 30 Apnl 2024 392.430 231,055 51.878 23,634 698.997 Net book valuo At 30 April 2024 4,890,466 278,878 9,478 5,178,822 At 30 April 2023 4,686,959 247,502 4,430 12.457 4.951.348 15. Flxed ass•t Invèstments There were no investment assets outside the UK. The companys investments at the balanc$ sh8et dat8 in the shar8 capital c>f companies include the following.. Furthest Boundary Press Ltd Registered office.. Felicity House, Northdale Road, Uverpod, United Kingdom, L15 4HT Nalure of business.. Book publishing Cla55 of share: Ordinary holdlng 100 Fltra Organic Ltd Registered office.. Fell￿ty Hous9. Northd81e Road, Liverpool, United Kingdom, L15 4HT Natur8 of business.. UnlKensed restsurants and cafes Clo$$ of $har•: Qrdinary holding 100 Sulaym Lt(I Registered office.. Felicity House. Northd818 Road. Liverpool, United Kingdom, L15 4HT Nalur8 of business.. Other retail sale in non-specialised stores Cla$$ of share: Ordinary holdlng 100 Suffa Holdlngs Ltd Registered office.. Felicity House, Northdale Road, Liverpool. United lQn9dom. L15 4HT Nature of business.. Renting and operating of real estate Class of share: Ordinary holdlng 100 Greenli9ht Medla Work5 Ltd Registered office.. Felicity House, Northdale Road. ￿VerpO￿, United ￿ngdOrn, L15 4HT Nature of business.. Motion picture production activities Class olshor•: Ordinary holding 100 Pag8 23 ontinued... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 30 APRIL 2024 15. Flxed asset Investments . ¢ontlnu¢d Rawdah Monte550ri Register8d offic8.. Felicity Trlouse, Northda18 Road, Liv8rpool, United lQngdorn. L15 4HT Nature of business.. Primary edu¢alion Class of share: Ordinary holding 100 Rawdah Educatlon Ltd Registered offioe-. Felicity House, Northdale Road, L￿er&&I￿, United Kingdom, L15 4HT Nature of busines5'. Cultural ￿UCatIon Class of sho￿.. Ordinary holdlng 100 No subsidiary qualifies foran independent audit. 16. Investment property Group Company Falr value At l May 2023 Addition5 R8valuation 411,605 307.176 388.395 411,805 388,395 At 30 April 2024 1 107 176 Net book value At 30 April 2024 1.107.176 800.000 At 30 April 2023 411,605 411,605 Fair value at 30 April 2024 Is represented by.. Valuallon Fn 2024 Cost 388,395 718,781 1 107 176 The inveslrnent propety at 21 Sandown Lane, LNerpool was valued by the trustees at rnarket value. 17. Social Énvestments Group Crmipany Cost Additions 1,300,000 1,300,000 Net book value At 30 April 2024 1300.000 1,300,000 At 30 April 2023 1,300,000 1,300,000 Page 24 continued... GREENSVILLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 30 APRIL 2024 18. Stocks Group company 2024 2023 2024 2023 Stocks 131.869 133,069 52,369 52.369 19. Debtors: amounts falllng due wlthln on¢ y¢ar Group Company 2024 2023 2024 2023 Trade debtors Other debtors Prepayrn8nts 58.731 116,956 3,793 97,153 127,223 54,045 511,904 97.153 177.297 179,480 224,376 565.949 274,450 20. Creditor5: amounts falling due within one year Group Company 2024 2023 2024 2023 Trade creditors Social se¢urfty and othèr taxès Other ¢￿ditOrS Accruals and def8rred income 5,558 15,267 71,045 16,209 10,425 1.276 41,058 12,000 106.351 13,8￿) 59.688 11,4Th) 108079 120.151 71,088 21. Credltor5'. amount$ falllng due after morg than one year Group Cornpany 2024 2023 2024 2023 Other loans Isee note 181 1 545.000 1.295,000 1,545 000 1,295,000 21 Loans An analysis of tre maturity of108ns Is given below.. Group Company 2024 2023 2024 2023 Amount falling due beiween two and five years.. Other loans 2-5 years 1.545.000 1.295,000 1,545,000 1,295,000 Page 25 continued... GREENSWLLE TRUST NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 30 APRIL 2024 23. Movement In funds Net movement In funds Transfers betr￿e￿n funds At 1.5.23 30.4.24 Unrestricted fvnds Unrestricted fund Revaluation reSe￿e 6,746.145 89,480 526,326 7,361.931 477,855 52e.326 7.750.326 Restricted funds Restricted fund 526.326 1526.3261 TOTAL FUNDS 7,272 471 477,855 7.750,326 Net movernent in funds. indud8d in th8 abovè ar8 as follows: Incomlng resources Resourc85 expended Gains and losses Movement in funds Unrestrlctgd fvnds Unrestricted fund Revaluation reseNa 2,777,406 12,687,946) 89,460 388,395 388,395 TOTAL FUNDS 2,777.406 2.687,9461 388,395 477,855 Comparatlv85 for movernent In funds Net movement tn funds At 30.4.23 At 1.5.22 Unre$tri¢t8d funds Unrestrlcted fund 5.881,839 864.306 6.746.145 Rostrl¢ted fvnds Reslricled fund 526.326 526,326 TOTAL FUNDS 6.408.165 864.306 7.272,471 Comp8ratwe net movement in funds, induded in the above arg 88 follows.. Incomlng resources Resources expendpd Movement in funds Unrestrfcted funds Unre$trict8d fund 3,606,344 12.742,0381 864,306 TOTAL FUNDS 3.606,344 2.742,0381 864.306 Page 26 continued... GREENSVILLE TRUST NofE5 TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 2& Related party dis¢losur¢$ Green5ville Trust owns 100Yo Share capital of Furthest Boundary Pres5 Ltd. The charity has advanced £,3000 12023.. £3.0001 to Furthest Boundary Press Ltd. This amount advanced is interest free, repayable on demand and still outstsnding at 30 April 2024. Greensviile trust owns 100VA share capital of Sulaym Ltd and Sufta Holding5 Ltd. At the year end, the charity advanced £65,000 12023.. £65,0001 and £333,193 12023.. £5001 to Sulaym Ltd and Suffa Holdings Ltd respectively. This amount advanced is interest free. repayable on demand and stlll outstanding at 30 ApTI 2024. In 2021, Amssal Ltd, in which Mr M A SKldN a dir8Ctor, adVa￿ed £50,000 to Gr8en5vi118 Trust. This amount is Still outstanding at 30 April 2024. Mr R M Akeel was appointed as a director and trustee on 1 July 2021. In 2022, Signature Car Specialists Ltd, in which Raja Moharnmed Akeel is a director, advanced £100,000 to Gre8nsville Trust. This atnount is still outstanding at 30 April 2024. 25. Post balance sheet events No adjusting event have oecurred sinc6 30 April 2024. 26. Ultimate controlllng party The ultimat8 controllirvJ party for the current year and th8 pr8c8ding y8ar is Gr8ensvi118 Trust. 27. Company Ilmlted by guarantee Greensville Trust is a company limited by guarantee and accordingty does not have a share capital. Every member of the company und8rtakes lo contribute such amount as rnay be required not 8xce8ding £100 to th8 assets of the charitable ¢ompany in the event of its being wound up while he or she is a member, or within one year after he or sho ¢oases lo be a mombor. Pa98 27