Registe Company number: 05421849 Registered Charity number.. 1134323 GREENSVILLE TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
GREENSVILLE TRUST IA Company Lirnited by Guarantee) CONTENTS Page Reference and Administrative Detalls Trustees. Report Independent Auditors. Report on the Financial Statements Consolidated Statement of Financial Activities 2-12 13-16 17-18 Consolidated Balance Sheet 19-20 Company Balance Shoèt Consolidated Statement of Cash Flows 21-22 23 Notes to the Financial Statements 24-50
GREENSVILLE TRUST IA Company Limited by Guarantee) REFERENCE AND ADMINISTFiATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2025 Trustees Mr. MY Ali Mr R M Akeel Mr M A Siddiq Dr H Shroufi Company registered number 05421849 ChaTsty registered number 1134323 Registered offi¢e Feli¢ty House Northdale Road LNerpool L154HT Company secretary MT K Meah Independent auditC+ts Xeinadin Audrt Limrted Ground Floor. Ctygate Longridge Road Preston PR2 58Q Page 1
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Trustees present their annual report together wtth the audited finanual statements of the Company for the year 1 May 2024 to 3CI April 2025. The Annual Report serves the purposes of both a Trustees, report and a directors. reptrrt under company law. The Trustees confirm that the Annual Report and financial statements of the charitable cotnpally comply wth Ihe currenl statulory requirements. the requiremenls of the charitable cornpany's governing document and the provisions of the Statement ol Recommended Pfactice ISORPI applicable lo charities preparin9 iheii accounts in aCCordare with the Finanual Reporting Standard applicable in the UK and Republtc ol Ireland IFRS1021 leffectwe 1 January 20191. sin the group and the Company qualrfy as small urbder section 383 of the Companies Act 2006, the Gioup Strategic Report required of medium and large companies under the Companies Act 2006 IStrate9ic Report and Directors, Report) Regulations 2013 has been omitted_ Objectives and activities Our Wision Greensville Trust's vision is. "To nurture holistic faith-based wmmUn.es that have al their heart educational inslrtvtions that impart a broad and ielevant traditional Islamic curriculum. This vision is underpinned by the prinaples of sincerity, exllenCe and education rooted in practice." binding fomal leaming to the imperatwe ol action and seeing educab'on as a transformative prcKess and not Mere infomative.. The trust believes that its communib.es can only flourish and be protected from wider society's ills through promoting authent Islamic educats.on rooted in the highest tradrtion of scholarship and this means rnaking leaming accessible and relevant to Muslims in conlemporary Britain. The acquisition and development of the Biadfoid sile is fundamental to this aspiratson. The trust's aims are.. to establish Iradr(ionalty inspired. modern educational institutions thaE teach the essential sciences of151am through the employment of highly q(Jalffied teachers.. to provide finanaal and administratNe support to UK based students seeking to attain sacied knowledge in order to nurture home grown teachers ol the Iradition". and to develop a wide range of religU5 and educational malerials in the English language that assist in the education of Muslims in Briiain. In Setting objectives and ptanning for activities, the Trustees have given due consideration to general guidance published by Ihe Charty Commission relating to public benefit, induding the guidance 'Public benefrt". running a charity IPB21'. Page 2
GREENSWILLE TRUST IA Company LIM[t by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Objectives and activities Icontinued} b. Our Strategy The trust believes that sacred education is a right thal begins prior to birth. The trust's approach to education is that education inVoeS lrfelong leaming from the cradle to the grave is not limited to any particular age group. The Injsl believes that comrnuntties ¢2n On llouwish arml contribute to the uplift in society through promoting authentic Islam education rooted in the highest tradf(K)n of scholarship. The Greensville Trust aims to do this by making arnIng accessible and relevant to MLkslims in cnteMpOrary Brrtain. The acquisition of the Bradford site will allow the Greensville Trust to delNer on these educational 85piratitsns with plans lo offer educatK)n lin various lomisl from pre-school through to adulthood. The Bradford sile, known as Muslafa Mount, will maximise the trust's impact and widen Ihe cirde of benefrt to encompass whole commvnities_ The ctrcle of benefrt will go beyond the iwnmediate Bradford catchment as the site will attract students frorn all over the UK and intemationalty_ Students will be en(y)uraged to reach out and engage with people in their own localities through teaching and by ndIng support to any communtty-ba5ed inrtiative that promotes morality and good praciKe Ithe prinoFle of knowledge rooted in good pradirEI. . Our Partners Due to OUT longstanding invofvernent within the sphere of dassi(xl edu(xth"on hefe in the UK. the Trust has been able to gain regular access to a ne¥Ork of senior intemational 151amic Scholars arKI has 5imultaneousty built partnerships with educational institutions throughout the I9th and breadth of the UK. We believe our cofflmurhib"e5 (xn only flourish and conlribuie to the U1ft of the vrider society through promotin9 authentic Islamic education rooted in the hrghest tradition of sd)olarship and th¢s means making learning accessible and relevant to Muslims in contemporary Britain. Our rewsed aims are as follows.. The purposes ol the chaTity are, for the publ benefit". to advance Islam". to advance education.. to prevent or relieve poverty or finanrial hardship- to prtsvide facilrties in Ihe interests of social welfare for recreation and leisure lime Occupatio with the object of impioving the COlI10n$ of use for ihe general publ and in particular the Muslim comrnunty. lo further such olher charitable pvtposes as the trustees shall Itom time to time detemine. Page 3
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievements and perforn)ance a. Courses During the year ended 30 April 2025. the Trusl cx>ntinued to delNer a wde range of edu(xtional programmes aimed at advancing Islamic education and increasing access to structured leamir¥g for adult5. young people, and children. These programrnes were delwered through a combination of in-pwson. residenlial. and online provision, enabling the Tfust to reach dNerse beneficiaries ac¥oss the UK and beyond. Mi¢fO-Madrasa The Micrtrmadrasa programme remains one of the Trust's Ilagship eduGqb"onal tsfferings. Operating as a weekend adult school of Islamic literacy. the course provides a s¢ructured. three-year curriculum desi9ned to impart orthodox and holistic teachings at a foundational level. During the year. the programtne operated In both Liveipool and Bradford, with additional online access. supporting over 470 sludents from varied ethnic. professional. and SociecOno1C backgrounds. The programme contsnues to meet a clear educational need for adults seeking accessible. part-brne Islamic learning akJng5ide work and family commrtments. The indusion of residential retreats at M(Jstafa Mounl ftjrlher enhanced the educational experience by combining lomial study with spiritual development and community butlding. Arabic Madrasa The Arabic Madrasa continued to expand its read). offering part-time evening dasses focused on reading. writing, and conversational Arabic. Originally estatlished in LNeipool. Ihe progiamme now operates in Bradford and online, WTth over 140 registered students during Ihe reporting period_ The COrSe supports learner5 in developing linguistic skills essential for Qurfanic engagement and lurther Islamic studies. An irnrnerswe on-site Arabic treat at Mustafa Mount complemented weekly lnstrltI0n, providing an intensive leaming environment that reinforced progress and retents"on. Rawda After4chool and Youth Madrasa For younger beneficiaries. the Trust delivered the Rawda After-school Madrasa. serving children aged seven and above. The programme provides a balanced Cufriculum that indudes Qur'anic literacy. Arabic language. basi¢ jurisprudence. calligiaphy. and physical actlty through Prophetic sports. Operating weekday sessions from September to July. the Rawda Madrasa supported over 140 thildren during the year. The indusion of Brazilian jiu-jilsu dasses contributed to physical wellbeing. diSalne. and confidence, supptsrting the Tmst's holistic approach to education. In addition. a Youth Madrasa for ages 11-14 was established, including gender-specific martial arts provision. addresstng the educational and developmental needs of older children and adolescents. The Essentials of Islam The Trust also delivered The Essentials of Islam. a one-year introductory course for aduts. availabte both in person and online. The couise foojses on core aspects of Islamic belief. worship. and practice. and during the year attracted over 130 partiapants. By removing finanaal barriers and offering flexible access, the prograrnme widened participation and supported iftdwKlvals at an earfy stage of religK)U5 leaming. Collectwely. these educational programmes delivered measurable public benefrt by increasing access lo religious education. supporting lrfelong leaming. slrengthening community cohesion. and fostering rnoral and personal developrnent across age groups. Truslees continue to monitor demand and participation to ensure that provisitsn remains responsive. indusNe. and aligned wrth the Twsl's charhtable objedive5. Page 4
GREENSVILLE TRUST IA Company Ltmited by Guarantee) TRUSTEES. REPORT ICONMNUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievements and perforrnan¢e l¢ontinued} b. Retreats and Residential Learning During the year ended 30 April 2025. the TnJst conb.nued to deliver residential leaming opportunities designed to deepen e¢Jucational engagement, spiritual development. and community cohesion. These retreats fomi an important complement to the Trust's regular teaching programmes, providing benefi(iaries with Immersive learning environments that combine strudured study. reflÈdion. and CA)mpanionship undèr qualified guidance. The Trodden Path - Sa¢red Retreat. held at Mustafa Mount in July 2024. brought together students seeking focused engagement with Islamic scholarship and spiritual practe. The retfeal Provided systematic teaching delivered by experienced scholars. alongside opportunities for refiection and personal development. By creating a residential setting dedicaled lo leaming and worship. the retreat supported partiapanls in consolidating knowledge, strengthening ethical practice, an¢J fostering meaningful peer connections. Feedback and attendan demonstrated continued demand for this fonnat, partKJJlarfy amng adult learners seeking depth beyond weekly dasses. In addition to domest residential provision. the Tntst delNefed an intemalional educational visit through Ihe Sojoum, with a programme hosted in Jordan in December 2024. This inilialive enabled participants to study and learn in historically significant Muslim lands under the guidance ol recognise¢J scholars and teachers. The programme enhanced participants. understanding of 151amic tiaditi.on in its broadei historical and cultural context, while promoting responsible travel. learning. and cultural apprecialion. Such initiatives further the Trust's objective of nurturing infomied and groijnded learners capable of contributtng positivety lo their local communities upon return. Together, these resldential and international leaming programmes delNered public benefit by supporting advanced education. strengthening personal development. and cuANats"ng a deeper connection between learning and piactice. Trustees continue to assess capaaty. safe9uaiding. and financial sustainability to ensure that such programmes remain accessible. welkgovemed. and alned with the Twst's charitable obiectives. c. Tours and Outreach Activities In addilon to its core educational provision. the TtU5t delivered a range of tours and outreath activities aimed at advancing religious understanding. strengthening community cohesion. and extending the reach of its &ducational mission to wider audiences across the UK. These activities were designed to engage individuals who may not otherwise access structured learning environments. thereby broadening public benefrt. The Virtues Tour was delivered auoss muttiple cities, combining lectures, poetry. devotional iec5tations, and reflections on the lrfe and character of the Prophet Muhammad IPBUH} These events attracted dNeise audiences and provided accessible entry point5 into religiou5 leamsng. particularfy for families and community members seeking snspirational and spiritualty enriching content. The exhibition of Prophetic relics during selected events further enhanced engagement and educational tmpact. The Educational Imperative Tour, delNeied auos5 the North of England. focused on raising awareness ol the importance of seeking knowledge as a lrfelong obligation Through lectures and community gatherings. the tour promoted the values of learning. elhiral conduct. and personal responsibtlty. reinforang the Trust's core educats.onal ethos. Alongside national tours. Ihe TtU51 continued to delNer monthly outreach classe5 in variou5 UK cities, addressing a wde range of religious and pfaclul topics. These sessions supported local communitses by Page 5
GREENSVILLE TRUST IA Company Ltmited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievements and performance Icontinuedl providing consistent arLess to qualified teachers and structured leaming. particularly in areas with lirnited provision. Together, these tours and outa(* activities coniributed to increased religious lrteracy, strengthened community neOrkS, and promoted positive moral and soual values. By delivering programmes in multiple locations and formats. the Trust ensured that its eilucAb"onal mission exlended beyond fixed sites, reathing beneficiaries where they live and fostering broader so(ietal engagement. d. Online & Digital Programme¥ Dltring the year ended 30 April 2025. the Trusl continued to expand its online and digital educational provision to ensure continuity of learning and widen access to Islamic education beyond physical locations. Online programmes enabled participation by indNiduals who weie unable to attend in person due to geography. woik committnents, famity ie5pon5ibilth"e5. or heafth consideralions. thereby supporting Ihe Trust's objective of making education accessible and indusivè. A structured programme of online leaming was delivered throughout the Islamic calendar, aligned with key sacred months and periods of spiritual signrficance. These programmes induded extended daity and weekly dasses, lectures, and guided reflections, allowing participants to engage consistently with ieligious leaming and practice frotn their own homes_ The Trust delivered online programmes during Shawwal. Dhul Hijjah, Muharram, Rabi. al-Awwdl, Sha'ban. and Ramadan. eath tailored to the spiritU31 and edutIOnal themes of the resp8Ctive monlh. Notable initiatives induded Jewels of the Qurfan, a weekfy Qur'anrc study programme delivered over several months. and Haji joumeys, a daily talk-show style series during Dhul HiMah featuring reflections and interviews cenlred on the pilgrimage experience. During Ramadan. the Nafahal Ramadanryyah piogramme provided a cornprehen5ive schedule ol daily dasses, suppltstions. arKI prayers, supporting pattscipants in maintaining spiritual focus throughout the month_ CollectNety. these online programmes delivered signtficant public benefit by increasing acce55 to religious education, supporting 5Plritual wellbeing. and maintaining engagement wrth learning during key periods of the yeai. The flexible digital format enabled the Trust to reach beneficiaries nationally and internalnallY. while cornplementing in-person provision at Mu5tafa Mount and other locations. Trustees continue to view digit81 learning a5 8 core component of the Trust's long-term educatKJnal strategy. e. Muslafa Mount Site The Mustafa Mtsunt site continued lo devek>p as a cential Strategic asset for the Trust during the reporting period. supportlng the delivery of education. worship. and comrnunty engagement. The site plays a key role in advancing the Trust's long-term vision by providing a dedicated physical space through whh its charitable actwities can be delivered in a consistent, accessible, and suslainable manner. Throughout the year. Mustafa Mount hosted a growing range of educational programrnes. including course5, relfeals. and irnmersive learnsng activities outlined elsewhere in this report_ Attendance across these activities increased steadily. reflecting both rising demand and the srfLe's growing recognition as a trusted tsntre for Structured 151amic leaming. The availabilty ol a permanent stte has enabled improved progratntne coordination, enhanced leaTner experience. and greater operational resilience. Page 6
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievèments and ptrfomianee Icontinuedl In addi*"on to its educational fundion. Mustafa Mount has become an established of regular worship and community gathering. Weekly Thursday MavAid gatherings and Fiiday congregational prayers Continued to attract increasing numbers of altendees. induding a notable rise in family participation. These regular activities have conlribuled lo a strong sense of belonging and continuty, reinftsit4ng the site's role as a welcoming and inclusive space serving diverse age groups and backgrounds. During Ramadan, Mustafa Mount played an important in supporting both the local Bradlord community and neighbouring residents through the provision of communal rftar meals. These adivities strengthened ielalionship5 wilh the 5UTrounding communrty and demonsltated the Trnst's commitment to service. hospitality, and social cohesion. The positive engagement observed throughcwt the monlh further underfined the site's value as a commynity-foGused tharitable asset. Truslees view the ongoing development of Mustafa Mount as fvndamenlal to the Trust's future growth and impact. Continued oversighl is in place to ensure Ihat the stte's use iemains aligned with charitable purposes, deliver5 demonstrable public benefft, and supports the Trust's educational. religious. arml community objectives in a 5UStainable manner. f. QAF Initiative Initiated in February 2025. the Qaf Initiatwe is a strategic. long-term project established to 5UPPOrt the preservation, study. and transmission of the Qur'an through recognised 5cholarfy and artistic tiadrtions. The Initiative's primary trbjective is the comrnissioning of a cofflplete hanritten Qurfan. produced in accordance with established standards of Qur'anic orthography arKI recitation. Thi5 project forms part of the Trust's wider charitable aim to advance religious education and karning. The objectives of the Qaf Initiats've extend beyond Ihe production ol a single manuscript. The project is designed lo support broader educational outcomes. induding Ihe documentation of the seven COgnISed Canon81 Quranic recitations, the development of an accompanying tianslatK)n. and the phased introduction of digrtal learning resources to 5UPPOrt reutation and taiwid_ The Inittative is intentionally structured as a multi-stage project. with delivery milestones aligned to available resources and long-tem suslainability. The handwritten Qurfan 11 follow the standard 'UthmanT Script, presents.ng the reatalion ol Hats 'an 'A5im as the primary text, with addrfLional scholarly material induded in a structured and acce55ible fotrnat. The piojed is being delivered in collabtsratitsn wrth an intemationally recognised calligrapher. ensuring both academic integrity and high production standafds. Oversight arrangements have been established to support quality assurance Ihrougholrt the writing. proofing. and produdion process. The Qaf Initiatwe incorporates a transparent and slructureil fundiaising tnodel, enabling cotnmunty participation while ensuring fun¢Js aTe applied in accoTdar5ce with the Trust's charttable objective5. Income generated through the Initiative is allocated lowards the costs of wrrting. production. and distribution of Ihe Qur'an. as well as supporting the development of the Trust's Wer educational and community infrastructure. Trustees continue to monilor progS$ to ensure that the InitiatNe delwers dear public benefit and remains aligned with the Trust's govemance an¢J finanual controls. Page 7
GREENSVILLE TRUST {A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievements and pèrfomance Icontinuedl g. Acquisitions No sAte acquisitions occurred duTing the year ended 30 April 2025_ h. Grants The Trust was awarded a £240K Gapttal as part of the Bradford Cty of Culture 2025. The grant is for the creation ol an art gallery whK* once completed wll attract local and natk)nal visitors. Wtsrk commenced in early 2025 and it is now complete. i. Volunteer Recruitment The Trust remains heavily dependent on the dedicalion and generosty of its volunteers, whose time. skills. and ctsmmitment are ceniral lo the delivery ol its aclivities. Over the past year. signtficant effort has been invested in stTengthening the Trust's volunteer framework to ensure that this vital contributiorh is supported, organised. and suslained effectively. A key development has been the ueation of a comprehensive volunteer database. designed lo capture not only availability but also iThYividual skills. experience. and areas of interest. This structured approach ha5 enabled Ihe Trust to move beyond ad-hoG volunteering towards a more strategTrc and indusi¥e model ol engagernent. Volunteers are now better matched to ioles that refleci Iheir sirengths. allowing them to conlribute mor8 meaningfvlly while improving the overall efftiency of opei8tions. The introduction of skills profiling and role matching has already had a positive impact on programme delTvery and organisalional resilience. By understanding and utilising Ihe diverse capabTlities within the volunteer base, the Trust has been able to respond more effectively to growing actwrties across education. worship. and community engagement. This ongoing investment in volunteer development refleds the Trust's comrnitment to valuing its volunteers and building a slrong foundation for future growih. Financial review a. Going concem After making appropriate enquiries. the Trustees have a Teasonable expectation that the Chaiity has adequate resources lo continue in Operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in weparing the finanaal statements. Further details regarding the adoption of the going concern basis can be lound in the accounting pOle$. Page 8
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievement5 and perfonnance Icontinuedl b. Reserves policy The balan on general unrestricted fvnds as of 30 April 2025 were in suiplus. Ideally, the irus(ees would like lo create a buffer of free reserves of approximatety six months of the annual core expenditure of the charity. The trustees hope to maintain this by good management of resources, nursing existing and acquiring new income streams. Current business plans and strategic plannin9 seeks to encompass this issue. Financial review During the year the Charity raised a total of £4.441k 12024.. £2.777kl. This induded £2.237k12024.. £1.263k} frorn donalion5. £1.327k 12024.. £1.001kl from lectures. events and courses, £215k 12024.. £183kl from investmenl income. and £660k 12024.. £328kl from other trading aclivities. After spending £2,950k 12024.. £2,682kl, the charity had a pOS"ve movement in funds of £1.491 k12024." £477kl. d. Pnntipal risks and unceltsinties Cash fl¢)w risk The charity continued to scenario plan its cashflow and the variation in impact of increased and reduced cash scenarios. The charity continued wrth its rolling cashllow prtsjections of 6 months. The charity is confidènt ol rts conb"nuation a5 a going concem. Credit risk The charity's principal financial assets a bank balan$ and cash, trade and othei receNables and investtnents. The charity's credit risk is primarily attributable to rts trade receivables_ The amounts presented in the balance sheet are net of allowarTrces for doubtftjl ¥eceNables. An allowance foi irnpairment is made where there is an identified loss evenl which. based on previous experien. is evidence of a reduction in the recoverability of the Gash flows. The charity has no signrficant concentration of credit risk, wilh exposure spread over a large number of ounterparties and ojstomeis. Liquidtty risk In order to maintain liquidity to ensure that sufficient funds are availab for ongoing operations and future developments, the charity uses a mixlure ol long-tefm and short-term debt ffinance. Further details iegarding liquidity risk can be found in the Statement of accounting policies in the finanaal statements. Page 9
GREENSVILLE TRUST IA Company Limited by Guawantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 e. Governance and Risk Management The Trustees recognise that Gieensville Trust has experienced sustained growth in both its activities and financial resources over recent years. Wth this growth comes increased responsibility Its ensure that governance airangements, Intemal controls. and Strateg oversight remain appropriate. pigportionate. and effective. Trustees understand their role as guardians of the Trust's purpose and are committed to ensuiing that all decisions arè taken in the best interests of the charty's beneficiaries and in furtherance of its charitable objectives. The Trustees have idenlified a number of prinupal risks associaled with the Trust's ongoing development, including operatitsnal capacity. financ1 SLtrStainabilty. govemance resilience, and reputational risk. These risks are reviewed on a regular basis, wrth rnrftigating actions incorporated into strategic and operational planning. The Trust pla$ particular emphasis on 5afeguaiding its physTrcal assets, including property, as well as intangible assets such as reputation, Injst. and rx)mmurhty confidence. As part of this proce55. an initiatkve was launched in September 2020 to review the future composition. skills mix. and capacity of Ihe Board of Trustees. This reVW is ongoing and is guhled by agreed principles relating to trustee responsibilities, colleclive accountabilty, and the need for a balanced range ol prolessional skills and lived experien. The Trustees acknowledge that continue(f growth in programrnes, vtslunteer5. and site-based activity will require ongoing attentiorb to govefflance struduies lo ensuie that decision-making remains effective and timely. Finanaal risk is managed Ihrough regular monrtoring of i[. expenditure. and cashflow. The Trustees are confident Ihat. through adwe oversight, wular review, and continuèd development of goveinance piactices, the Trust is well plad to manage its principal risks and UnrtaintIeS. These arrangements support the Trust's ability lo continue delNering public benefil. to safeguafd its assets, and lo pursue its slrategtc objectives in a sustainable and responsib manner. Structure, governance and management Constitutron The charity is controlled by its goverrting dctument, a deed of trust. and constitutes a limiied company, limited by garantee. as defined by the companies Acl 2006. b. Recrultment and appointment of new trustèès In selecting new trustee5. we seek to idenbfy people who regularly attend events and functions organized by the charity. and are willing to volunteer to help in our broader community work. Potential Irustees are asked lo attend truslee meetings as obseNers and gNen more delails of the charity's airns and objectives. If all trustees agiee. the new (2rldate will be pioposed as a new trustee at the subsequent Irustees meeting. This process allows due consideration of a person eligibility. personal competen. specialist knowledge and skills_ Page 10
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Stru¢ture, governance and management Icontinued) The following chan9es to Ihe trustees have LKcurred- Resignations= None Appointments.. None Organisational structure and decision-making policies The charity is constituted a5 a company limited by guarantee, It having share caixtal and is therefore governed by Memorandum and Articles of A550(iation. incorporaled 12 April 2005 a5 amended by the Special Resolution 10 November 2C4J9 and further afflended by Speryab Resolution on 16th Maich 2022. The charity d1CtOrS otherwtse known as trustees are responsible for the general conlrol and management of the charity. The trustees rneet on 8 monthty basis via various means of communution, be Ihat via online meetings or physica5 meetings and are responsible for all decisions taken in relab"1 to tunning the Tiust. To a5SlSt in the smooth running of the charity the truslees eslablish a number of sub commrttees to help oversee rtain aspects of the charity's work. An example ol such a committee is the fvndraising committee for the building project. d. Induction and training of trustees Following appoinlment, new trustees are introduced Ènto their role and given coeS of the governing instrument, existing policies and procedures of the charity- A number of publication5 from the ChaTlties Comtnission will be prOVed induding the guidance on charities and public benefrt and on the advancement of religion foi public benefrt. This will ensu all trustees a aware and familiar with the scope of their responsibilities under the Charities Act. Initially. new trustees will work with an existing trustee. They are then given the task of leadÈng a particular proied- Statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for preparing the Tru5tees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the Trustees to prepare finanaal slatements for each financial year_ Under cotnpany law. the Trustees must not approve the finanaal slatements Un$S they are satisfied that they give a true and fair view of the stale of affair5 of the Group and the Company and of their incoming resources and application of resources. including their income and expenditure. lor that period_ In preparing these financi31 statemenls, the Trustee5 are required to.. Pa9e 11
GREENSVILLE TRUST IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 202$ select suiiable accounting p1¢e5 and Ihen apply them consistently; observe the methods and princaples ol the Charities SORP IFRS 1021", make judgments and accounting estimates Ihal are reasonable and ptudent.. state whether applicable UK Accounting Slandards {FRS 1021 have been followed, subject to any material departures disdosed and explained in the financial stalements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Truslees are resptsnstble ftsr k&ping adequate accoLmting reccKds that are sulknent to show and explain the Group and the Company'5 transactions arKI disc105e with reasonable accuracy at any time the financial position ol the Group and the Company and enable them to ensure that the ffinancial statements cornpfy with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe Group and the Company and hence for taking reasonable steps for the prevenlion and delectn of fraud and other irwularities. Disclosure of infornlation to auditoys Each ol the persons who are Trvslee5 at Ihe tirne when this Tw5tee5' Report is approved has confimied that.. 50 faT as that Trustee is aware, there is no vant audit inforniation of which the Gharitable group's audrtors are unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the thariiable group's auditors are aware of Ihal informatKSn. Auditor5 The audilois, Xeinadin Audit Limited. have indted their willingness lo continue in office_ The de51gnated Trustees will propose a tnotion reappointing the audr(ors at a meeting of the Trustees. Approved by ordef ol the members ofthe board ofTfustee5 and signed on their beham by". Mr M Siddiq ITrustee} Date". 2610212026 Page 12
GREENSVILLE TRUST IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF GREENSVJLLE TRUST Opinion We have atjdited the finanThal statements of Greens¥ille Trust (the 'parent charitable company'l and its subsidiaries (the 'group'l for the year ended 30 April 2025 whh comprise the Consolidated Statement of Financi91 Activities. the Consolidated Balance Sheet. the Company Balance Sheet. the Consolidated Statement of Cash Flows and the related notes. including a summary of significant accounting policies. The financial reporting framewo¢k that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Finanaal Reporting Standard 1(Y2 'The Finanaal Reporting Standard applicable in the UK and Republic of Irelan(r {United Kingdom Generally Actspted Accounting Piadicel. In our opiniorb the firkancial statements". give a true and fair view of the state of the Group's and of the parent charitable companys affairs as at 30 April 2025 and ol the Group's incoming resources and applicats'on of resources. including its income and eXpendrftU for the year then ended", have been properfy prepared in accordarhce wilh Unrted Kingdom Geneially Accepted Accounting Practice.. and have been prepared in accordance yh the requirements of the Charilies Act 2011. BasÉs for opinion We conducted our audit in acctsrdance with International Standards i)n Auditing IUKI IISAS IUKII and applicable law. Our responsibiltties under those standards are further des(xibed in the Auditors, responsibilities for the audit of the financial statements seclion of our report. We are independent of the GTOUP in accordance with the ethical requirements that are relevanl (o our audit ol the finanaal slatements in the United Kingdom. including the Finanaal Reporting Council's Ethical Standard. and we have fUld our othei ethical responsibilrties in accordance wrth these requ1MentS. Vve beIve that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. onclusions relating to going concern In auditing the finanaal statements, we have conduded that the TnJstees' use of the going concem basis of accounting in the preparation of the financ4al statements is appropriate. Based on the work we have performed. we have not identffied any material urKerta1ntS relating to events or conditions that. individualty or collectivety. may cast signtficanl doubt on the Group's or the parent charilable company's ability lo continue as a going concem for a period ol at least fvlelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trusiees 7*rilh respect to going concem are described in the relevant sections ol this report. Pa9e 13
GREENSVILLE TRUST IA Company Limited by Guardnteel INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF GREENSVILLE TRUST {CONTINUED} Other infomlation The other information cotnprises the inforfflation induded in the Annual Report othe¥ than the finanaal statements and our Audrtors. Report theteon. The Trustees are responsible lor the othei infomation contained within the Annual Report. Our opini<)n on the finanaal statements does not cover the other infomation and, except to the extent othetwse explicitty stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other infomiation is malerialty inconsislenl with the financaal statemenls or our kn¢)wledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststemenls, we are requi to deterniine whether this gives rise to a material misstatement in the financial statements themsefves. 11. based on the work we have performed. we conclude that there is a material misstatement ol this olher infomiation. we are required to report that fact. We have rK)thing io report in this regard. Mattern on which we are required to report by exception We have nothing to report in SpeCt of the follDwing matters where ihe Chartiies {Accounts and Reports) Regulations 2(K18 18quires us to reptsrt to you rf. in oui opinion- the infomiation given in the Trustees. Report is inconsislenl in any material respect with the financial slalements.. or the parent charitsble company has not kept sulficyenl accounling records; or the parent charitable company finanoal stalements are not in agreetnenl w.rth the accounting records nd returns.. or we have not received all the infomialh)n and explanations we require for our audit. Responsibilities of trustees As explained mole fully in the Ttustee5' Responsibilities Staternent, the Trustees {who are also the direciors of the charitable company lor the puqjoses of company law) are resptsnsible for the pieparation of the financial staternents and for being satisfied that Ihey give a tnje and fair view. and for such inlernal contrtsl as the Trustees determine is necessary lo enable the pparatIOn of financial statemenls that are free from material misstatement, whether due to fraud or error. In preparing the finanGial statement5. Ihe Truslees are responsible for assessing the Group's and the parent charitable cornpany's ability to conkn.nue as a going nrn. drsdosing. as applicable. matter5 ielated to going concem and using the goin9 concem basis of accounting unless the Truslees eilher intend to liquidate the Group or the parent charitable company or (o cease operations. or have no realistic alternative but to do so. Page 14
GREENSVILLE TRUST IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORTTO THE TRUSTEES OF GREENSWLLE TRUST ICONTINUEDI Auditors, resPOf15ibilities for the audst of the financial statements We havè been appointed a5 audf(or under section 151 of the Charities Act 2011 and report in accordance with Ihe Ad and relevant regulations made or having effect thereunder. Oui objectEves are to obtain reasonable assurance al)0 whether the financial statements as a whole are free from rnaterial misstatement. whether due to fraud or error. and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assuTance, bLrt is not a guarantee that an audit conducted in accordance with ISAS IUKI will alayS detect a rnaterial rnisstatement when st exists_ Misstatements can arise from fraud or error and are consKlered rnaterial rf. indwidualty or in the aggregate. they could reasonably be expected to influence the economic deusions of users taken on the basis of these financial statements. Irregularities. irhcluding fraud. are instances of non-compliance with laws and regulations. We design procedures in line wf(h our responsibilit$. oullined above. to detect material misstatements in respect of irregularities. including fraud. The extenl lo whth our procedures are Lzpable of detecting iiregularities. including fraud is detailed below". the engagement partner ensured that the engagement te8rn coUectNety had the appropriate competence, capabilities and skills to idenbfy or reo)gnise non-compliance w(th applicable laws and regulations,. we identrfied the laws and regulations applicable to the company through disojssions with trustees and other management, and from our commefual knowledge and experience of the sector", we focused on speafic laws and regulations which we rx>nsidered may have a dire¢l material effecl on the finantial staternents 01 the operations of the company. induding the Companies Act 2006, taxation legislation and data protection. anti-bribery. employment. and heamh and safety legislation- we assessed the extent of compliance with the laws and regulations identfied above tt)rough making enquiries of management and inspectsng legal cortespondence: and identrfied laws and regulations were communicated wtthin the audit ieam gulartY and the learn remained alert to instances of non-compliance throughout the avdit. We assessed the susceptibilty of the company's finanaal statement5 to material rnisstatement. including obtaining an understanding of how fraud mi9ht o(xur, by.. rnaking enquÈries of management as to where they considered the was susceptibilrty to fraud, their knlywledge ol actual. suspected and alleged fraud-, and consKlering the inlemal controls in place to mrtigate risks ol fraud and non-compliance with laws and regulations. To address the risk offraud through rnanagemenl bias and override ofcontrols, we-. - performed analytical procedures to identfy any unusual or unexpeded relationships." tested journal enlries to identfy unusual transaclions.. assessed whether judgements and assumptions made in determining the am)unting estimates were IndKative of potential bias- and Page 15
GREENSVILLE TRUST IA Company Limttgd by Guarantee) INDEPENDENT AUDITORS. REPORTTO THE TRUSTEES OF GREENSVILLE TRUST ICONllNUEDI investigated the ralionale behind signifuit or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included. but were not limited lo". - agreeing financial statement disdosures to undetying supporbng 0MentatIOn.. - reading the minutes of meetings oflhose tharged wth govemance.. - enquiring of Management as to actual and potential litigation and daims." and - reviewing correspondence with HMRC. celevant regulators induding the Health and Safety Execytwe, and the company's legal a<fvisors. Because of the inherent limstations of an audit. there is a risk that we will not ¢Jetecl all irregularits"es, including those leading lo a material misslatemenl in the finanual statements or non-compliance with regulation. This risk increases the more that compliance with a law or iegulation 15 removed from the events and Iransadions flecied in the financial statetllents. as we will be less likely to become aware of instances of non-compliance. The risk is a150 greater regarding irregularities occurring due to fraud rather than er1, as fraud involves Intentional concealment. forgery. collusion. omission or misrepresenlation. A further description of our Tesponsibilities for the audit of the ffinancial statements is located on the Financial ReFOrting Counal's website at.. YAThf.froorg.uklauditorsiesponsibilities. This desixipb.on forms part of our Auditors, Report. Use of our report This report is made solety to the charitable companvs trustees. as a body. in accordance wtth Part 4 01 the Charities (Accounts and Reports) ReguLations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required lo state to them in an AuditCTrrs' Report and for no other purpose. To the fullest exten¢ perniitted by law. we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for Ihe opinions we have lornied. Farook Patel FCA Iststutory Audrtor) Xeinadin Audit Limited Ground Floor. C¢tygate Longridge Road Preston PR2 58Q Date.. 2ilozlLo¥?. Xeinadin Audit Limited are eligible to act as auditors in terms of seclion 1212 of the Companies Act 2006. Page 16
GREENSVILLE TRUST IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Note Income from- t)onations and legacies 6S7,012 1,580.986 2,237,998 1.263.978 Charitable aclivibes 1,327,798 1.327.798 I,(1.380 Other trading actwthes 660,536 660.536 328. 746 Investments 21S,479 215.479 183.300 Total income Expenditure on= 657 012 3 784.799 4441 811 2 777 404 Raising funds 540.782 540,782 256,581 Charitable activsties 3S1,940 2.057.478 2,409,418 2.425.501 Total eXpendire 2 598 260 2 950 200 2 682.082 Net incorne bèfore taxation 305,072 1,186,539 1.491,611 95.322 Taxation (5.863} Net in¢orne after taxatlon 305.072 1,186,539 1.491.611 89.459 Transfer5 between funds {60.769) 60,769 Net movement in funds befo other recognised 9ainslllossesl 244.303 1.247,308 1.491.611 89.459 Othtr recognised gainslllossesl= Gains on ievaluation ol fixed asse15 388.395 Net movement in funds Page 17
GREENSVILLE TRUST IA Company Limited by Guarantee) CONSOUDATED STATEMENT OF FINANCIAL ACnVITIES ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Restricted Unrestri¢ted fun¢ts funds 2025 2025 Total funds 202S Total funds 2024 Reconciliation of funds= Total funds brought forward 7.750.326 7.750.326 7,272,472 Net movement in funds 244.303 1.247.308 1.491.611 477,854 Total funds carried forward The Consolidated Statement of Financial ActNities indudes all gains and losses recognsseil in the year. All inc0e and expenditure has arisen from continuing activth"es. The notes on pages 24 to 48 fomi part ol these finanaal statements. Page 18
GREENSVILLE TRUST IA Company Limited by Guarantee} REGISTERED NUMBER: OS421849 CONSOLIDATED BALANCE SHEET AS AT 30 APRIL 2025 2025 2024 Note Fixed assets Intangible assets 13 460 Tangible assets 14 5.372.860 5.201,386 Social investments 17 1,300.000 1.300,000 Investment property 15 1,193,S95 7,707,176 7.866,455 7.609.022 Curr•nt assets Stocks 18 118.428 131.869 Debtors 19 146.365 179, 783 Cash at bank and in hand 2,399,758 1.482.832 2,664,551 1, 794.484 Currenl liabilities Creditors.. amounts falling due within one year 20 169.0691 (108. 180) Nèt current assets 2.595.482 1.686.304 Total assets less ¢urrent Ibabilbties 10.461.937 9,295,326 Creditors.. amounts falling due after more than one year 21 11,220,000) (1.545.000) Net assets excluding penslon asset 9,241,937 7.75Q.326 Total net assets Page 19
GREENSVILLE TRUST IA Company Limited by Guarantee) REGISTERED NUMBER.. 05421849 CONSOUDATED BALANCE SHEET ICONTINUEDI AS AT 30 APRIL 2025 2025 2024 Charity funds Restricted funds 244,303 Unrestricted funds 8.997.634 7, 750.326 TotsS lunds The Company was entitled to exemption from audit under sedion 477 of the Companies Act 2006. The members have not required the entity to oblain an audrt for the year in quesb.on in accoidance wrth sectitsn 476 ofthe Compan¥es Act 20. However, an audr¢ is required in accordan wth seclion 151 of the Charities Act 2011. The Trustees acknowledge their responsibilities for comptying with the requirements of the Act with respect to accounting records and preparatKsn of finanoal statements. The financial statement5 have been prepared in ac£ordance wrth the wovisKJns applicable to entitses subject to the small companies regime_ The financial statements were approved aThJ authorised for issue by ihe Trustees and signed on (heir behalf by.. Mr M Siddiq (Trustee) Dale". 2610212026 The notes on page5 24 to 48 fomi part of these finanaal statements. Page 20
GREENSVILLE TRUST IA Cornpany knrnited by Guarantee) REGISTERED NUMBER.. 05421849 COMPANY BALANCE SHEET AS AT 30 APRIL 2025 2025 2024 Note Flxed assets Tangible assels 14 5.344.593 5, 778,822 Inve5trnents 16 600 700 Soaal inveslrnents 17 1,300,000 1.300.(YJO Investrnent property 15 886.419 800,0( 7.531.612 7.279,522 Current assets Stocks 18 41.895 52.369 Debtors 19 488.314 565.949 Cash at bank and in harKI 2.327.962 1.386.013 2.858,171 2.004.331 Current liabilities Creditors.. amounts falling due within one year 20 132.2321 (64.757) Net current assets 2.825.939 7,939.574 Total assets less current liabilities 10.357.551 9,219,096 Creditors.. amounts falling due atter more Ihan one year 21 11,220,000) (1.545.OOOJ Net assets excluding pension asset 9,137,551 7.674.096 Total net assets Page 21
GREENSVILLE TRUST IA Company Limited by Guarantee) REGISTERED NUMBER.. 05421849 COMPANY BALANCE SHEET ICONTINUEDI AS AT 30 APRIL 2025 2025 2024 Charity funds Restricted lund5 244,304 Llnrestricted funds 22 8,893.247 7.674,096 Totsl funds The Companls net movement in funds for the year was £1,466,642 (2024- £387.525). The Company was entitled lo exernption from audit under sect}n 477 of the Ctsmpa4)ies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with secuon 476 ofthe Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011. The Trustees acknowledge Iheir responsibilrties for complying wth the QUirernent5 tsf the Ad with respect to accounting records and preparatKJn of financi81 slatetnents. The finanual statements ha¥e been prepared in accordance wtth the provisions applicab to entities subject to the small companies regitne. The financrdl statements were approved and auihorised for issue by the Tiustees and signed on their behalf by.. Mr M Siddiq (Trustee) Dale.. 2610212026 The notes on pages 24 to 48 form part ofthese finanaal statements. Page 22
GREENSVILLE TRUST {A Company Lirnited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL2025 2025 2024 Cash flows from operating activities Net cash generated from operating actNrfie5 1,681,869 313.016 Cash flows from investing activities PrOedS from the sale ol tangible fixed assels 9.2S1 PurGha5e of tangible fixed assets 1362.7751 1439.632) Purchase of investment property 186,4191 (307. 176) Purchase of social investments (1.300.000) Purthase ol fixed asset investments (200J Net cash used in invèsting activities 1439,9431 12.047,0081 Cash flows from financing activiti•s Cash inflows from new borrowing 100,000 300.000 Repayments ol borrowing 1425.0001 (50,OQOJ Net cash lused inllprovided by financing activitses 1325.0001 250,000 Change in ¢ash and cash equivalents In the year 916.926 11,483.9921 Cash and cash equivalents at the beginning of the year 1,482,832 2,966,824 Cash and cash equivalents at the end of the year The notes on pages 24 to 48 form part of Ihese financial statements Page 23
GREENSVILLE TRUST IA Company Lirntted by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Gènèral Infomiation Greensville Trust is a private company by guarantee witt)out share capital use of 'Lirnited' exemplion. registered in England and Wales. The cotnpany's Feg15tered nutnber and registered office address can be found on the Company Informalion page. The pre5enlation currency of the finan(ial statements is Ihe Pound Sterling 1£). The financial statements have been prepared on the going COnM b8sis and under the historical cost convention in accordance with Ihe CoUnting poIleS set o(rt below. Accounting policies 2.1 Ba$is of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh Ihe Finanaal Reporiing Slandard applicable in the UK and Republ ol Ireland IFRS 1021 {effectNe 1 January 2019), the Finan(2al Reporting standard applirable in the UK and Republ of Ireland IFRS 1021 and the Companies Act 2006. Greensville Trust meets the definition of a publiG benefft entity under FRS 102. Assets and liabilities are initially recognised al historical cosl or transaction value Unless otheise staled in the relevant accounting policy. The Consolidated Statetnent of Finanoal Activities ISOFAI and Consolidated Balance Sheet consolidate the financial statements of the Company and rts subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis. The consolidated financ4al statements indude the finanoal statements of the charity and ils subsidiary un(Jertakings made up to 30 April 2025. A subsidiary is an entity Ihat is controlled by the parent. The resutts of subsidiary undertakings are induded in the Slatemenl of Financial Aclivilies from the date that contr(A wmmences tjnlil the date that control ceases. Control is established when the company has the power to govem the operating arkd financial policies ol an entrty so as to obtain benefits from its activities. In assessing cnntrol. the group takes into consideration potential vots.ng rights thal are eurntty exercisable. In the parent finanual statements, inveslments in subsidiaries are carried at cost less impairnient. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Finanoal Activthes in these financial statements. 2.2 Going concern In assessing Ihe going COnM posilion of the group for the period ended 30 April 2025. the directois have consideied the cash iequiremen(s of the group and company taking into account the current economic environment and the impact on the gioup's trading and cashflows. Page 24
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Ac¢ounting policies Icontinued} 2.3 Income All income is recognised once the Company has entidement to the income. it is probable that the income will be received and Ihe amcxJnl of income receivab can be measured reliabty. Grant5 ale included in the Consofidated Statement of Finanual Activtties on a receivable basis. The balance of income received for specttic purposes but not expended during the period is shown in the relevant funds on the Ba13nce Sheet Where income is recewed in advance of entitlement of receipt. its recognttion is deferred and induded in (xeditors as deferred income. Wnere entitlement occurs before income is receNed. Ihe income is acxyued. Income tax recoverable in relation to investmenl income is recognised at the time the investment income is receivable. Other incorne is ie¢o9nised in the period in rt is receNable and to the extent the goods have been wovided or on completion of the service. 2.4 Expenditure Expendtture is recognTsed once there is a legal or Constructle obligation to transfer economic benefrt to a third party, it is probable that a transfer of economic benefrt5 wll be required in settlernenl and the amount of the obligation can be measured reliably. Expenditure is dassified by actniily. The cosls of each aclNty are made up of the total of direct cosl5 and shared costs, including support costs involved in undertaking each activity. Direct cosis attributable lo a Single actNity are allocated directty to that acti¥ty. Shared costs which contribute to more than one aclwity and support cost5 which are not attributable tts a single activity are apportioned between those activities on a basis consistent with Ihe use of ie50urces. Central staff cost5 are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Group to raise fvnds for f($ (*aritable purposes and indudes sts of all fundraising aclivities events and non-charitable trading. Expendilure on charitable activities is IncUell on directy urKlertakb"ng the activities which furthei the Group's obj'ectives, as well as any asswated suppori costs. All expenditure is induswe of irrecoverable VAT. 2.5 Government grants Govemment granls relaling to tangible fixed assels are Ireated a5 deferred incorne and released to the Consolidated Statement of Financial Actwities upon the completion of the relev8nt performaFice-relaled condib"ons. Othei 9rants that ale not subject to performance-related conditions are credited to the Consolidated Stalement of Finanaal Activ"e5 as the grant pioceeds are recewed. Granls re prior to Ihe revenue recognition criteria being satjsfied are rewgnised as 2.6 Taxation The Company is conSided to pass the lests set oul in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore rt meets the definition of a tharitable company for UK corporation tax purposes. Page 25
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting policiès Icontinuedl Accordingly. the Company is polentially exempt from taxatK)n in iespect of income or capital gains r1Ved within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that suth income or gains a applied exclusivety to charitable purposes. 2.7 Tan9ible fixed assets and dèprneiation Tangible fixed assets are initialty recognised al cost. After recognition, under the revaluation model. tangible fixed assets whose fair value G3n be measured reliab shall be cairied at a revalued amount, being their fair value at the date ol revaluation less any subsequent accumulated depreciation and subsequent accumulated Impalmnt losse5. Revaluations are made with suffiuent regularity to ensure that Ihe carrying amount does not drffer materially from that which would be determined using fair value at the end of the reporting dale. Fair values ale determined from market-based evidence by appraisal that is nomially undertaken by professionally qualtfied valuers. If there is no market-based evidence of faFr value because ol the specialised nature of the tangible fixed asset and it Is iarely sold. except as part ol a contributing business. a Company may need to estiMate fair value using an income or depreaated replament osl approach. Gains and losses on revèluation are recognised in the Consolidated Statement of Financial ActNities, wrth a separale ievaluation reserve being shown in the Statement of funds note. Investmerkt propety renled to other gfoup enttties and acmunted for under the cost model is stated at historic rA)St less accumulated depreaation and any aGGumulated impairment losses. At each reporting date the Company asse55es whether there is any indication of impairment. If such indication exists, the recA)verable amount of the asset is determined to be the higher of its fair value less costs to sell and rts value in use. An impairment 105s is recognised where the Carrying amount exceeds the recoverable anTh)unt. Oepreciation is charged so as to allocate the cost of tangible fixed assets less their residual valu8 over their estimated u5etul Ie5. Depreciation is prOve on the following basis." Fieehold propety Plant and machinery Motor vehides Fixtures and fittings Computer equipmenl Straight line basis Straight line basis Straight line basis Reducing balance Straight line basis 20% 20% 20% The assets, residuèl values. useful Ie5 and depreciaiion methods are reviewed, and adjusted prospecaively rf appropriate. or if there is an indicatKJn of a signtfi(xnt change since the last reporting date. Gains and losses on disp05a15 are determined by cornpartng the proceeds with the rarrying amounl and are recognised In the Consolidated Statement of Financial Activities. Page 26
GREENSVILLE TRUST IA Company Lirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies (continued) 2.8 Investments Fixed asset inveslments are a fom Of finanual in5trumenl and are tnilially recognised at their transaction cost and Subsequent measured al fair value at the Balance Sheet dale, unless the value cannot be measured ieliably in whith case il is measured at cost less impaiment. Investment gains and losses, whether realised or unrealised. are combined and presented as 'GainsllLossesl on investment5. in the Consolidated Slalemeol of Financial Activities. Investments in subsKliaries are valued at cosl less proVisft for impairment. Social investmenls are recorded at cost less any provisK)n for diminution in value. unless the charity is able to obtain a reliable es*"rnate of fair value. 2.9 stocks Stocks are valued at Ihe lower of cost an¢J net realisable value after making due allowance for obsolete and slow-moving stocks. Cost indudes dired costs and an appropriate proportion of rtted and variable ovetheads. 2.10 Debtors Trade and other debtors are recognised at the settlement afflount after any trade discount offered. Prepayments are valued at the amounl piepaid net ol any trade discounts due. 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and shorl-term h¢ghly liquid investments wth a short malurity of three months or less from the date of acqulsition or opening of the deposit or similar accounl. 2.12 Liabiliti•s and provisions Liabilrties are recognised when there is an oblatIon al the Balance Sheet date as a resu of a past event. it is probable that a transfer of economic benefit will be required in setuement. and the amunt of the settlement can be estsmated reliabty. Liabilrts are recognised at the anY)unt Ihal the Company antiapates rt will pay to settle the debt or the amount it has receNed as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts iequired to Settle the obligation. Where the effect of the lime value of money is rnaterial. the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the diswunt is recogniseil in the consolated Statement of Financial Activities as a finance cost. 2.13 Financial instruments The Group onty has financtal assets and financial liabilities of a kind that qualify as basTC financial inslrumenls. Basic financial instruments are initialty recognised at transaction value and subsequently measured at their sÈtUement value wtth the exption of bank loans which are subsequently measured at amortised cost using the effective interesl melhod. Page 27
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 A¢counting policies (continued} 2.14 Related parties For the purposes of these financ¢al statements. a party is constrded to be related to the company li} the party has Ihe ability. diredty or indirectty. through one or more interrnediaries. to control the Company or exercise Slgnrfnt rnfluence over the company in making financial and operating poIY decisions, or has joint control over the company". lill the company and the party are subject to common control". lili} the party is an assoaate of the company or a joint venture in which the company is a venturer." livl the party 15 a member of key management personnel of the company or the company's parent, or a close family member of such an individual. or is an entty under the control. joint wntrol or signtficant influence of such individuals" Iv) the party is a ck)5e lamity member of a party referred tts in {1) or is an entty under the conlrtsl. joint control or slgnffjt influence of such indNiduals- Ivil the party is a posuemployment benefit plan whK* is for the benefit of employees of the company or of any enlty that is a related party of the company.. or Iviil the party. or any member of a group of which il is part. provides key management personnel services lo the company or its parent. Close fami members ol an individual are those fami members who may be expected to influen or be influenced by that individual in Iheir dealings wrfh the entity. 2.15 Fund aecounting General funds are unreslricted funds whith are available for use at the discretion of the Trustees in furtherance ol Ihe general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in aw0rdar£ wr¢h specific restrictions imposed by donor5 or which have been raised by the Group for particular purposes. The costs of raising and adrninistering such funds are charged against the speofic fund. The aim and use of each restricted furKI is sel oul in the notes lo the financial stalements. Investment incorne. gains and losses are allocated to the appropriate fund. Page 28
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 APRIL 202S Income from donations and legacies Rtstrietèd Unrestri¢ted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 657.012 1,340.986 1,997,998 1,263.9T8 Governmenl grants 240.IJ)O 240.000 Total 2025 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Totsl funds 2024 Fees. event5 and course income Page 29
GREENSVILLE TRUST IA Company Lirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Income from other trading activities Income from non<haritablo trading activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Sales 602,158 602.158 275.433 Rent receable 43,035 43.035 29,649 Fees receable 21.341 21.341 23.544 Shop incorne 15.998} 15.9981 120 Total 2025 74 Investment income Unwtri¢ted funds 2025 Total funds 2025 Total funds 2024 Itwestment incoffle- invesiment propertEs 28,960 28.960 24. 125 Social investment income 169,000 169.0(Kl 140.833 Interest receivable 17.519 17,519 18,342 Total 2025 Page 30
GREENSVtLLE TRUST IA Company Limited by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30APRIL 202S Expènditure on raising funds Other trading expenses Unrestricted funds 2025 Total funds 2025 Tot81 funds 2024 Cost of sales 443.291 443,291 244,730 Administration expenses 1.403 90,403 6,210 Interest payable 21 21 Administration depreciation 7.(7 7.067 5,641 Totsl 2025 Analysis of expenditurè on charitable activities Surnmary by fund type Restricted Unrestricted funds funds 2025 2025 Total 2025 Totèl 2024 Charitable activrtie5 Page 31
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 202S Analysis of expenditure by activitses Activities undertake directty 2025 Support costs Total funds 2025 Total nds 2024 2025 Charitable activrties Analysis of direct costs Totsl funds 2025 Total funds 2024 Activities 2025 Staff costs 508,242 508.242 482, 700 Rent 58,431 58.431 67. 765 Text book and frtra cafe cost 153.531 153.531 71,576 Annual projects and expenses 97,212 97.212 254. 103 Donations paid 397,085 397.085 460,957 Catering costs 151.059 151.059 79.890 Travel costs 48.698 48,698 48,761 Sundries 49.888 49,888 59.286 Cornputer expenses 21.215 21,21S 5,368 Prornolional expenses 120.072 120.072 99.631 Subscriptions 23,530 23.530 28.445 Repairs and maintenance ,733 90.733 77,356 Total 2025 Page 32
GREENSVILLE TRUST IA Company Limited by Guardntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Analysis of support costs Total f¥Jnds 2025 Total funds 2024 Activities 2025 Oeprectatio 174.982 174.982 184,093 Rates and water 79.578 79.578 61,525 Insurance 14.386 14.386 8,374 Light and heat 223,447 223.447 201,011 Telephone 6,971 6.971 5, 776 Postage and slalionery 10,773 10,773 75, 785 Professional fees 89.021 89.021 79.110 leaning 44.890 44,890 29.113 Bank charges 10.708 10,708 16.259 Govemance costs 34.966 28.623 Total 2025 10. Auditors. remuneration 2025 2Q24 Fees payable lo the Companls auditor for the audil of the CornpanYs annual accounts Page 33
GREENSWLLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 11. staff costs Group 2025 Group 2Q24 Company 2025 Company 2024 Wages and salaries 467.330 444,809 467,330 444.809 Social security costs 33.832 30.383 33,832 30.383 Contribution to defined contribution pens)n scheffles 7.080 7.508 7.080 7,508 The average number of persons employed by Ihe Company during the year was a5 follows.. Group 2025 Group 2024 No. Company 2025 No. Company 2024 No. staff 22 No employee received remuneration amounting to more than £60.OCKI in either year. The average number of employees by undertakings that were prOportnatelY consolidated during the year wa$ 21 12024.. 221 12. Trustees. remuneration and expenses During the year. no Trustees receNed any remuneration or olher benefits (2024- £NIL). During the year ended 30 April 2025. no TnJstee expenses have been incurted (2024- £NIL). Page 34
GREENSVILLE TRUST IA Company Limtted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 APRIL 2025 13. Intangible assèts Group G¢)odwill At 1 May 2024 700 DÈsposals 1700} At 30 April 2025 Al 1 May 2024 240 On disposals 2401 At 30 April 2025 Net book value At 30 April 2025 A130April 2024 Page 35
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 14. Tangible fixed assets Group Freehold Plant and property machinery Motor Fixtures Computer vehicles and fjttings equipment Total Cost or valuation At 1 May 2024 5.282.896 51,878 538,138 33.112 5,906,024 Additions 326,381 9.802 19.727 6,865 362,775 Disposals 118,0691 118,0691 At 30 April 2025 5.609.277 9.802 51.878 539.796 39.977 6.250,730 Depreciation At 1 May 2024 392,430 51,878 236.696 23.634 704,638 Charge loi the year 112.186 1,960 62.384 5,519 182,049 On disposals {8,8181 18,8181 At 30 April 2025 504.616 1,960 51.878 290.262 29.153 877,869 Net book value At 30 April 2025 At 30 Apnl 2024 890 46 Page 36
GREENsvfLLE TRUST IA Cornpany knmited by Guarante8} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 202S 14. Tangible fixed assets Icontinued) Company Freehold property Motor Fixlures Computer vehicles and fittings equipment Total Cost or valuatiorb At 1 May 2024 5.282.896 51.878 S09.933 33.112 5,877,819 Addrtions 326.381 19.727 3,896 350,004 Disposals 118,0691 118.0691 At 30 April 2025 5,609.277 51.878 511,591 37,008 6.209,754 Depreciation At 1 May 2024 392.430 51.878 231.055 23.634 698,997 Chaige for the year 112.186 57,871 4,925 174,982 On disposals 18.8181 18,8181 At 30 April 2025 504.616 51.878 280.108 28.559 865,161 Net book value At 30 April 2025 AI 30 April 2024 Page 37
GREENSVILLE TRUST {A Company Limiied by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 15. Investment property Group Freehold investment property Valuation At 1 May 2024 1,107.176 Additions 86,419 At 30 April 2025 Company Freehold investment property Valuation At 1 May 2024 800,000 Additions 86,419 At 30 April 2025 The investment property at 21 Sandown Lane. LNerpooS was valued by the trustees at Maet value. Page 38
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 16. Fixed asset investments Investments in subsidiary companies Company Cost or valuation At 1 May 2024 700 Disposals 11001 Al 30 April 2025 Net book value At 30 April 2025 600 At 30 April 2024 Page 39
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 APRIL 2025 17. Social investments Group and Company Mixed motTrve investments Cost or valuation At 1 May 2024 1.300.000 Impairment provision Net book value At 3Q April 2025 At 30 April 2024 18. Stocks Group 2025 Gmup 2024 Company 2025 Company 2024 Finished goods and goods for resa 52 69 Page 40
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 19. Debtors Group 202S Gmup 2024 Company 2025 Company 2024 Due within one year Trade debto 49.578 58.731 38.950 54,045 Amounts owed by 9roup undertakings 363.596 401. 193 Other debtors 93.881 117.259 85.768 110,711 Prepaymen(s and accrued income 2.906 3.793 20. Creditots: Amounts falling due within one year Group 2025 Group 2024 Company 2025 Company 2024 Trade ueditors 5.369 5.555 5.137 10.422 Corporation tax 3. 754 Other taxation and soaal security 37.712 12,116 10,29S 1,276 Other credrtors 4.203 71.146 41.059 Accruals and deferyed income 21,725 16.209 16.800 12.000 Page 41
GREENSVILLE TRUST {A Company Limited by Guarantetl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 21. Creditors.. Amounts falling due after more than one year Group 2025 Group 2024 Company 2025 Company 2024 Other loans 22. Statement of funds Statement of funds- current year Balance at 30 Aprtl 2025 Balance at 1 May 2024 Transfers inlout Income Expenditure Unrestricted funds Unrestricted ftjnds 7.361,931 3.784.799 12.598.260) 60.769 8,609,239 Revaluation reserve 388,395 388.395 7.750,326 3.784,799 12,598.2601 60,769 8,997.634 Restricted funds Zakah 279,257 1186,71n 92,540 Qurbani 16,841 (16.8411 Humanitarian Appeal 3110.145 {148.3821 151,763 Debt repayrnent 60.769 160.7691 657,012 1351,9401 160,7691 244,303 Totsl of funds Page 42
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 22. Statement of funds Icontinued} Statement of fund5 - prior year Sèlanc8 at 1 May 2023 Trdnsfe in/out B818nce at (L0ss8s) 30 April 2024 Income Expenditure Unrestricted funds Unresliicted funds 6. 746. 145 2.777.406 {2.687.946J 526.326 7.361.931 Revaluation serve 388.395 388.395 6. 746. 145 2.777.406 (2.687.946) 526.326 388.395 7. 750,326 Restricted funds Restricted Funds 526.326 526.326 77 Page 43
GREENSVILLE TRUST IA Company Limited by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30APRIL 2025 22. Statement of funds Icontinuedl Zakat, Qufbani and Humanitarian appeal lunds Tlved wilh speofic donoi restrictions and are to be distributed exdusThfely to eligible benefiaaries_ Zakat. Qurbani and Humanitarian appeal lund5 are expended by the charity for various categorie5 and purposes such as rernoving human suffering. provide shetter, clothing and food. clean water. piovmling education facil[tS and to help the needy. Debt Repayment Funds represent amounts re1Ved with restrictions lo be used solety ftsr the repayment ol outstanding debls of the charity. DLFring the year, Ihe Debt Repayment Fund was utili5ed exclusively to repay the charty's outslanding debls. 23. Summary of funds Summary of funds - current year Balance at 30 April 2025 Balance at I May 2024 Transfers inlout In¢ome Expenditure General funds 7.750.326 3.784.799 12.598.260) 60.769 8.997,634 Restricted funds 657.012 1351.9401 160.7691 244,303 Summary of funds- prior year Balance at 1 May 2023 Trnnsfe inloul Gain Balance at (Losses) 30April 2024 Incoffle Expenditure Genera) funds 6. 746. 745 2.777.406 (2.687.946) 526.326 388.395 7. 750.326 Restricted funds 526.326 (526.3261 46 38 Page44
GREENSVILLE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 24. Analysis of net assets between funds Analysis of net assets between funds - cUrt year Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets 5,372,860 5,372.860 Investment property 1.193,595 1.193.595 Stsci31 investments 1,31K),IKK) 1.300,000 Current assets 244.303 2.420.248 2,664,SS1 Credrtors due within one year 169.1691 169,0691 Credrtors due in more than one year 11.220,(KJOI 11,220,000) Totsl Page 45
GREENSVILLE TRUST IA Company knmited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Analysi$ of net assets between funds Icontinuedl Analysis of net assets betren funds - prior year Unrestricted nds 2024 Total funds 2024 Tangible fixed assets 5.201,386 5.201.386 Intangib fixed assets 460 460 Investment property 1, 107, 176 7, 107, 176 Sorial investments 1.300.000 7.300,000 Current assets 1.794.484 1,794,484 Credrtors due within one year (108. 180) (108. 780) Creditors due in more than onè year f1.545.000) (1.545.oooJ Totsl 25. Rtconciliation of net movement in fund$ to net cash flow from operattng activities Group 2025 Group 2024 Net income for the year las per Statement of Finanual ActNities} 1,491,611 89.459 Adjustments for: Depreciation charges 174.982 189, 734 Decrease in storJ(s 13,441 1,200 Decrease in debtors 37.586 44,695 Oecrease in creditois 135.7511 (12.072) Net cash provided by operating activrties Page 46
GREENsvfLLE TRUST {A Company Limtted by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 26. Analysis of cash and cash equivalents Group 2025 Group 2024 Cash in hand 2.399,758 7,482.832 Total cash and cash equivalents 27. Analysis of changes in net debt At1May 2024 Cash flows At 30 April 2025 Cash at bank and in hand 1.482,832 916,926 2,399,758 Debt due after 1 year 11.545,0001 325.000 11.220,0001 28. Members. liability Greensville Trusl is a company limrted by guarantee and accordingly does not have a share G3Pital. Each member of the tharitable company undertakes to contribute to the assets of the company in the event of rt being wound up while helshe is a member. or within one year after helshe ceases to be a member. such amwnt as may be required. not exceeding £1(KJ lor the debts and liabilities contracted before helshe ceases to be a mewnber. Page 47
GREENSVILLE TRUST IA Company Limrted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 29. Related party transactions Greensville Trust (Mn5 100Vo share capiial of Furthest Boundary Press Ltd. The charity has advanced £3.00012024." £3,000) to Furthest Bo¢Jndary Press Ltd. This amount advanced is Inte$1 free, repayable on demand and sti15 outs(anding at 30 April 2025. Greensville Tru51 owns lo0. share capital of Sulaym Ltd and Suffa Holdings Ltd. At the year end. the chanty advanced £36,500 12024". £65.0001 and £314,944 12024.. £333,193) to Sulaym Ltd and Suffa Holdings Ltd respectNely. This amount advanced is interest tree. repayable on demand and still outstanding al 30 April 2025. In 2021. Amsal Ltd. in which Mr M A Siddiq is a director. advanced £50,000 to Greensville Trust. This amount is sl¥ll outstanding at 30 April 2025. Mr R M Akeel was appointed as a direclor and trusteè orb 1 July 2021_ In 2022, Signature Car Speaa1ists Ltd. in which Raja Mohammed Akeel is a director. advanced £lOO.CK)O to Gen5ville TIu5t_ This amount Is still oulslanding at 30 April 2025_ 30. Post balan¢e sheet events No adjusting event have occurred since 30 April 2025. 31. Controlling party The ultimate controlling party for the Trent year and pievious year is Greensville Trust. Page 48
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