**REGISTERED CHARITY NUMBER: 1137655** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **FOR** **SUHA YUSUF CHARITABLE TRUST** Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH **SUHA YUSUF CHARITABLE TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|9| **SUHA YUSUF CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 MARCH 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** The trustees shall hold the capital and income of the trust fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to or for the benefit of such charitable objects and purposes in any part of the world as the trustees may in their discretion think fit. ## **FINANCIAL REVIEW** The only activity in the year was receipt of interest on charity bank accounts. ## **FUTURE PLANS** The trustees are actively looking for suitable recipients for the charities funds but have not made any distributions since the year-end. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The day-to-day governance of the charity is under the control of the trustees. No donations are made without the prior approval of the majority of trustees. Accounts are approved by all trustees. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1137655 ## **Principal address** 29 Montpelier Square London SW7 1JY ## **Trustees** K Eckhardt V Clyde-Eckhardt ## **Independent Examiner** Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH Page 1 **SUHA YUSUF CHARITABLE TRUST** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** Approved by order of the board of trustees on ________ and signed on its behalf by: **16/04/26** K Eckhardt - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUHA YUSUF CHARITABLE TRUST** ## **Independent examiner's report to the trustees of SUHA YUSUF CHARITABLE TRUST** I report to the charity trustees on my examination of the accounts of Suha Yusuf Charitable Trust (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Anthony Cowan FCA Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH 01/06/2026 Page 3 **SUHA YUSUF CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Donations Paid
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**funds**
**RESTATED**
**£**
**-**
**31,556**
**-**
**31,556**
**-**
**-**
**31,556**
**31,556**
**1,337,789**
**1,369,345**|2023
Total
funds
£
-
9,486
-
9,486
24,000
-
24,000
(14,514)
1,352,303
1,337,789| |---|---|---| The notes form part of these financial statements Page 4 **SUHA YUSUF CHARITABLE TRUST** ## **BALANCE SHEET** ## **31 MARCH 2024** |Notes
**CURRENT ASSETS**
Debtors
Investments
Cash at bank
**CREDITORS**
Amounts falling due within one year
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
6
Unrestricted funds
**TOTAL FUNDS**|**2024**
**Unrestricted**
**fund**
**RESTATED**
**£**
**-**
**-**
**1,369,345**
**1,369,345**
**-**
**1,369,345**
**1,369,345**
**1,369,345**
**1,369,345**
**1,369,345**|2023
Total
funds
£
-
-
1,337,789
1,337,789
-
1,337,789
1,337,789
1,337,789
1,337,789
1,337,789| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ________ and were **16/04/26** signed on its behalf by: K Eckhardt - Trustee The notes form part of these financial statements Page 5 **SUHA YUSUF CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** |Interest on investment funds|**2024**
**£**
**31,556**
**31,556**|2023
£
9,486
9,486| |---|---|---| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. continued... Page 6 **SUHA YUSUF CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **4. RESTATEMENT OF CURRENT YEAR FIGURES** Due to missing information at the time of preparation of the accounts for the year to 31[st] March 2024, investment income in the amount of £31,402 was missed from reported income for the year. This has now been corrected in these financial statements. The independent examiner has reviewed this missing income as part of his work and is satisfied that the restated figures shown in these accounts are not materially misstated. ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** Other creditors **2024** 2023 **£** £ **-** - continued... Page 7 **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **SUHA YUSUF CHARITABLE TRUST** ## **6. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**||At 1.4.23
£
**1,337,789**
**1,337,789**
Incoming
resources
£
**31,556**
**31,556**
At 1.4.22
£
1,352,303
1,352,303|||Net
movement
in funds
£
**31,556**
**31,556**
Resources
expended
£
**-**
**-**
Net
movement
in funds
£
(14,514)
(14,514)||At
31.3.24
£
**1,369,345**
**1,369,345**
Movement
in funds
£
**31,556**
**31,556**
At
31.3.23
£
1,337,789
1,337,789| |---|---|---|---|---|---|---|---| ||||||||| ||||

|||

|| ||||||||| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|9,486|24,000|(14,514)| |**TOTAL FUNDS**|9,486|24,000|(14,514)| continued... Page 8 **SUHA YUSUF CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **6. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.22
£
1,352,303
1,352,303|Net
movement
in funds
£
17,042
17,042|At
31.3.24
£
1,369,345
1,369,345| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
41,042
41,042|Resources
Movement
expended
in funds
£
£
24,000
17,042
24,000
17,042| |---|---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. Page 9