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**Trustees’ Report**
## **Qismat Trust**
**Company Registration Number: 07934014 Charity Registration Number: 1146695**
(A company limited by guarantee)
Annual Report and Financial Statements
for year ended 28 February 2025
~~1 ce i,~~
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**Trustees’ Report**
## **Administrative Details**
The Management Committee presents its directors’ report and audited financial statements for the year ended 28 February 2025.
**Charity Name:** Qismat Trust
**Website:** www.qismat.org
## **Trustees / Directors:**
Peter Matthews Antonio Arenas Lopez
## **Other Officers:**
Daniel BenDavid, Advisory Council Mathew Ledvina, Management Committee
## **Staff Members:**
Ilyan Kovatchev, Staff Member Yolanda Barreras, Staff Member Mallissa Edward, Employee Aiden Boyle, Employee Alex Kay, Staff Member Alex Nikolov, Staff Member Lukasz Zawitkowski, Staff Member
## **Principal Office:**
Third Floor Rear 70-72 Jermyn Street London SW1Y 6PF United Kingdom
## **Company Registration Number:** 07934014
**Charity Registration Number:** 1146695
**Incorporation:** The Charity is incorporated in United Kingdom
**Bank:** HSBC, Stratford 59-61 The Mall, Stratford Centre, London E15 1XF
**Auditors:** Claudia Patricia Giraldo Castaneda FCCA, Xtrategy, Unit 8 Holles House, Overton Road, London SW9 7AP
**Solicitors:** Scornik Gerstein LLP, 9-10, Staple Inn, Holborn, London WC1V 7QH
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**Trustees’ Report**
## **Structure, Governance and Management**
Qismat Trust is governed by its Memorandum and Articles of Association and is constituted as a charitable company limited by guarantee. The Trustees are responsible for the overall governance and strategic direction of the charity, ensuring that it operates in accordance with its charitable purposes, governing document, and applicable law and regulation.
Trustees are appointed in line with the charity’s governing document. New Trustees receive an induction covering the charity’s objectives, governance responsibilities, financial oversight, and regulatory obligations. Ongoing training and briefings are provided as required.
The Trustees meet regularly and delegate day-to-day operational management to staff and advisers, while retaining oversight of strategy, finance, risk management, and compliance. All Trustees serve in a voluntary capacity and receive no remuneration for their services.
## **Objectives and Activity**
Qismat Trust exists to advance public benefit by supporting philanthropic, humanitarian, and development-focused initiatives that align with the United Nations Sustainable Development Goals (SDGs). The charity focuses on fostering social impact through collaboration, innovation, and responsible use of technology.
In setting objectives and planning activities, the Trustees have had due regard to the Charity Commission’s guidance on public benefit. The charity’s activities are designed to deliver positive social outcomes by strengthening the capacity of charitable organisations, encouraging responsible investment in social initiatives, and promoting inclusive and sustainable development.
During the year, the charity’s principal activities were delivered through its core programmes:
- **Qismat Impact Hub** , which facilitates collaboration between donors, social enterprises, and charitable organisations; and
- **Youmanity.me** , a developing digital platform intended to improve transparency, engagement, and access to charitable causes.
## **Achievements and Performance**
During the year ended 28 February 2025, Qismat Trust continued to focus on consolidating and strengthening its core activities.
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## **Trustees’ Report**
The **Qismat Impact Hub** remained the charity’s primary area of activity, supporting partnerships between philanthropists, purpose-driven businesses, and charitable initiatives. Resources were directed toward advisory support, project development, and relationship building aimed at generating sustainable social impact.
Development work on **Youmanity.me** continued during the year. Progress was made in refining the platform’s functionality and security; however, development timelines were carefully managed to ensure that expenditure remained proportionate to available resources. The Trustees adopted a prudent approach, prioritising long-term viability and alignment with charitable objectives.
## **Project Update:** Harnessing Real Estate for Social Change
## **Fractional Real Estate for Social Good**
Qismat Trust continues to advance its innovative approach of fractional real estate in partnership with Brydg Capital Ltd. By dividing ownership of properties into smaller, more accessible units, this model allows a wider group of individuals and organizations to invest in real estate with a lower financial barrier. This approach remains central to our charitable mission, supporting efforts to address housing inequality, financial inclusion, and sustainable development.
## **Increasing Access to Affordable Housing**
Over the past year, we have explored opportunities to apply fractional ownership to develop or acquire affordable housing units for underserved communities. Early discussions and project evaluations are underway to pool investments into housing initiatives that provide safe, stable, and affordable accommodation for low-income families, with the goal of reducing housing insecurity.
## **Promoting Economic Empowerment**
Qismat Trust has begun designing programs to support individuals historically excluded from property ownership. Through fractional ownership, participants gain the opportunity to build wealth, generate passive income, and achieve greater financial stability. Initial engagement efforts include workshops and guidance sessions to educate beneficiaries on participation and benefits, laying the foundation for long-term economic empowerment.
## **Supporting Community Infrastructure**
We are actively identifying community infrastructure projects, such as schools, clinics, and renewable energy initiatives, that could benefit from fractional investment. By enabling multiple stakeholders to co-invest in socially beneficial developments, this model channels resources directly into projects that enhance the quality of life for local communities.
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## **Trustees’ Report**
## **Financial Literacy and Inclusion**
Recognizing that knowledge is key to empowerment, Qismat Trust has begun integrating financial literacy components into the initiative. Participants are being guided on the risks, opportunities, and long-term potential of fractional real estate ownership, fostering informed decision-making and greater financial inclusion.
## **Encouraging Sustainable Practices**
Sustainability remains a core principle. Together with Brydg Capital, we are prioritizing projects that incorporate green building technologies, renewable energy, and sustainable urban planning, in alignment with the United Nations Sustainable Development Goals.
## **Developing Charitable Investment Funds**
We are exploring the creation of charitable investment funds that allow donors and investors to contribute toward large-scale social projects. These funds aim to generate returns that can be reinvested into future initiatives, establishing a sustainable cycle of social impact.
## **Future Outlook**
The collaboration between Qismat Trust and Brydg Capital is progressing steadily. By leveraging fractional real estate to achieve charitable objectives, we are building an inclusive model that enables individuals of diverse financial means to participate in and benefit from transformative social projects. Plans for the coming year include launching pilot initiatives, expanding community engagement, and monitoring impact to ensure scalable, long-term results.
## BRYDG
## **Financial Review**
## **Financial Performance**
For the year ended 28 February 2025, the charity reported total income of £213,033 (2024: £123,529), all of which related to unrestricted donations. Total expenditure for the year amounted to £156,037 **(** 2024: £131,910), resulting in a net surplus of £56,996 (2024: deficit of £8,381).
Expenditure on charitable activities totalled £155,662 **,** reflecting continued investment in the Qismat Impact Hub and the development of Youmanity.me. Support and governance costs were monitored closely to ensure effective stewardship of charitable resources.
Overall, the Trustees consider that the charity made steady progress during the year, with activities delivered in line with its objectives and within its financial capacity.
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**Trustees’ Report**
## **Financial Position**
At 28 February 2025, total funds amounted to £93,002 (2024: £36,006). All funds held were unrestricted and available to support the charity’s ongoing activities.
## **Reserves Policy**
The Trustees have established a reserves policy aimed at maintaining sufficient unrestricted reserves to cover approximately three months of core operating costs. At the year end, reserves were considered adequate and consistent with this policy. The Trustees will continue to review the reserves position regularly in light of planned activities and financial commitments.
## **Going Concern**
The Trustees have reviewed the charity’s financial forecasts and cash flow position and are satisfied that the charity has adequate resources to continue operating for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
## **Risk Management**
The Trustees regularly review the principal risks facing the charity, including financial sustainability, operational capacity, and reputational risk. Appropriate controls and mitigation strategies are in place, and the risk register is reviewed periodically to ensure emerging risks are identified and managed.
No serious incidents occurred or were required to be reported to the Charity Commission during the year.
## **Forward Plannin g**
Looking ahead, the Trustees intend to:
- Continue developing and refining the Youmanity.me platform in a controlled and financially prudent manner;
- Strengthen the Qismat Impact Hub by deepening partnerships with donors and charitable organisations;
- Explore new initiatives that support inclusive economic development and social impact, subject to available funding; and
- Maintain a strong focus on governance, financial sustainability, and public benefit.
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## **Trustees’ Report**
The Trustees remain committed to ensuring that future activities are aligned with the charity’s objectives and deliver measurable public benefit.
## **Public Benefit Statement**
The Trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit. The charity’s activities during the year were undertaken to advance its charitable purposes and to provide benefit to the public through support for social impact initiatives, capacity building, and the promotion of sustainable development.
## **Statement of Trustees’ Responsibilities**
The Trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records, safeguarding the assets of the charity, and taking reasonable steps to prevent and detect fraud and other irregularities.
Approved by the trustees of the charity on 18 December 2025 and signed on their behalf by:
.......................................................................
Mr. Peter Patrick Matthews Director / Trustee
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Charity number: 1146695 Company number: 07934014
(England and Wales)
## QISMAT TRUST
Report of the Trustees and Unaudited Financial Statements
For the year ended 28 February 2025
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QISMAT TRUST Contents Page For the year ended 28 February 2025
|Report of the Trustees|1 to 2|
|---|---|
|Independent Examiner's Report to the Trustees|3|
|Statement of Financial Activities|4|
|Statement of Financial Position|5|
|Notes to the Financial Statements|6 to 8|
|Detailed Statement of Financial Activities|9|
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QISMAT TRUST
## Report of the Trustees For the year ended 28 February 2025
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the Charitable Trust for the year ended 29 February 2020. 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit : running a charity (PB2)'.
## **ACHIEVEMENTS AND PERFORMANCE**
PLEASE SEE DETAILED TRUSTEES' ANNUAL REPORT ON APPENDIX ONE
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|**Name of Charity**|QISMAT TRUST|QISMAT TRUST|
|---|---|---|
|**Charity registration number**|1146695||
|**Company registration number**|07934014||
|**Principal address**|Third
floor|rear|
||70-72 Jermyn St||
||London||
||SW1Y 6PF||
|**Registered address**|Third floor rear||
||70-72 Jermyn St||
||London||
||SW1Y 6PF||
|**Trustees**|||
|The trustees and officers serving during the year and since the year||end were as follows:|
||Antonio Ernesto Arenas LOPEZ||
||Peter Patrick MATTHEWS||
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QISMAT TRUST
## **Independent examiners**
Claudia Patricia Giraldo Castaneda FCCA
Unit 8 Holles House
Overton Road London SW9 7AP
## **Bankers**
HSBC Bank Stratford Branch 59-61 The Mall Stratford Centre London
Approved by the Board of Trustees and signed on its behalf by,
_______________________________
Peter Patrick MATTHEWS
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QISMAT TRUST
## Independent Examiners Report to the Trustees
For the year ended 28 February 2025
I report to the trustees on my examination of the accounts of the charitable company for the year ended 28 February 2025.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the entity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no 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 Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
_________________________________
Claudia Patricia Giraldo Castaneda FCCA Unit 8 Holles House
Overton road London SW9 7AP
10[th] September 2025
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## QISMAT TRUST
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 28 February 2025
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
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**Total**
**Net income/expenditure**
**Reconciliation of funds**
Previous year adjustment
Total funds brought forward
**Total funds carried forward**|**2025**
**2024**
**£**
**£**
213,033
123,529
0
0|**2025**
**2024**
**£**
**£**
213,033
123,529
0
0|
|---|---|---|
||**213,033**|**123,529**|
||(375)
(155,662)|(180)
(131,730)|
||**(156,037)**|**(131,910)**|
||**56,996**
93,002
**93,002**|**(8,381)**
44,387
**36,006**|
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Registered Number : 07934014
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QISMAT TRUST Statement of Financial Position
As at 28 February 2025
||**Notes**|**Notes**|**2025**|**2024**|
|---|---|---|---|---|
||||**£**|**£**|
|**Fixed Assets**
Tangible assets||10|1,936
|1,067|
||||**1,936**|**1,067**|
|**Current assets**|||||
|Debtors||11|21,982|0|
|Cash at bank and in hand|||62,153|29,967|
|VAT Liability|||7,690|5,163|
||||**91,825**|**35,130**|
|**Creditors: amounts falling due within one year**||12|(759)|(191)|
|**Net current assets**|||**91,066**|**34,939**|
|**Total assets less current liabilities**|||**93,002**|**36,006**|
|**Net assets**|||**93,002**|**36,006**|
|**The funds of the charity**|||||
|Unrestricted income funds|||93,002|36,006|
|**Total funds**|||**93,002**|**36,006**|
|For the year ended 28 February 2025 the company|was entitled to exemption from||audit under section 477 of
|the Companies|
|Act 2006 relating to small companies.|||||
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorized for issue by the Board and signed on its behalf by:
Peter Patrick MATTHEWS Trustee
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QISMAT TRUST Notes to the Financial Statements
For the year ended 28 February 2025
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
QISMAT TRUST meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **2. Income from donations and legacies**
|**Unrestricted funds**
Donations received|**2025**
**£**
213,033
**213,033**|**2024**
**£**
123,529
**123,529**|
|---|---|---|
## **3. Income from charitable activities**
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Unrestricted funds**|||
|Income from charitable|0|0|
|activities|||
## **4. Expenditure on generating donations and legacies**
|**Unrestricted funds**
Fund raising|**2025**
**£**
375
**375**|**2024**
**£**
180
**180**|
|---|---|---|
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QISMAT TRUST Notes to the Financial Statements Continued For the year ended 28 February 2025
## **5. Costs of charitable activities by fund type**
|**Unrestricted funds**
Qismat Impact Hub
Youmanity.me
Support costs|**2025**
**£**
103,414
52,248
**155,662**|**2024**
**£**
72,651
567
58,511
**131,730**|
|---|---|---|
## **6. Costs of charitable activities by activity type**
||**Activities**|**Support**|||
|---|---|---|---|---|
||**Undertaken**|**costs**|**2025**|**2024**|
||**Directly**||||
||||**£**|**£**|
|**Support costs**|||||
|Qismat Impact Hub|103,414|52,248|**155,662**|**131,730**|
|Youmanity.me||0|||
## **7. Analysis of support costs**
|Management & Admin
IT & Computer Costs
Professional & Legal
Fees
Refreshments & UK
Entertainments
Maintenance|**2025**
**£**
45,665
0
0
408
6,175
**52,248**|**2024 **
**£**
54,852
0
3,103
556
0
**58,511**|
|---|---|---|
## **8. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
|**2025**|**2024**|
|---|---|
|**£**|**£**|
|596|778|
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QISMAT TRUST
Notes to the Financial Statements Continued For the year ended 28 February 2025
## **9. Comparative for the Statement of Financial Activities**
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
## **10. Tangible fixed assets**
|**Cost or valuation**
At 01 March 2024
Additions
At 29 February 2025
**Depreciation**
At 01 March 2024
Charge for year
At 29 February 2025
**Net book values**
At 29 February 2025
At 28 February 2024
**Debtors**
**Amounts due within one year:**
Trade debtors
Prepayments and accrued income
Other debtors
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Fixtures and**
**Fittings**
**£**
3,470
1,464
**4,934**
2,403
595
**2,998**
**1,936**
**1,067**
|**Computer**
**Equipment**
**£**
38,776|**Total**
**£**
42,246
1,464
**43,710**
41,179
595
**41,774**
**1,936**
**1,067**
**2024**
**£**
0
0
0
**0**
**2024**
**£**
0
0
0|
|---|---|---|---|
|||**38,776**||
|||38,776||
|||**38,776**||
|||**0**||
|||**0**
**2025**
**£**
0
0
0
**0**
**2025**
**£**
0
0
-||
|||**0**|**0**|
## **11. Debtors**
## **12. Creditors: amounts falling due within one year**
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|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Charitable activities**
Income from charitable activities
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donations
**Charitable activities**
Cost of direct charitable activity
**SUPPORT COSTS**
**Management & Admin**
Management & Admin
**IT & Computer Costs**
Phone, IT & Computer Costs
**Professional & Legal Fees**
Professional & Legal Fees
**Refreshments & UK Entertainments**
Refreshments & UK Entertainments
**Governance costs**
Governance costs
**Total resources expended**
**Net Income**||**2025**
**£**
213,032
**213,032**
|**2024**
**£**
123,529
**123,529**
|
|---|---|---|---|
|||~~0 ~~
**0**
**213,032**
0
**0**
(103,414)
**(103,414)**
(51,840)
**(51,840)**
(408)
**(408)**
(0)
**(0)**
**(155,662)**
**56,996**|~~0~~
**0**
**123,529**
0
**0**
(72,651)
**(72,651)**
(54,852)
**(54,852)**
(567)
**(567)**
(3,103)
**(3,103)**
(556)
**(556)**
(0)
**(0)**
**(131,730)**
**(8,381)**|
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