(HARITY (OMMISSION
FOR EIXIGLAND AIND IVAIES
Independent examinerfs report on the
accounts
Section A
Independent Examiner s Report
THE SHADE TRUST
On accounts for th? year
ended
31 MARCH 2021
Charity no
(rfany)
1147738
1-10
I report to the trustees on my e￿Inal￿)n of the accounts of the above
chaity (tr Trusf) for the year w¥J8d 31103r2021.
As the charrtls trustees. you for the preparation of the
accounts in accordan￿ with the rw4w*rnnts of the Charities Act 2011
Act").
Responsiblllties and
basis of report
I report in resr*rt of my examination of the Trust's accounts Carried out
under sedion 145 of ts 2011 Act and in caryng out my examination, I
have follo*ed all the aK4*th Dirf•*Th givw by the Charty Commission
under sec*on 145(5)(b) crf A(£
IndeP￿dffit Th• gross income ex(wdNI £250.000 and l am qualif￿1 to
oxaminerfs statemont Ur￿ the examination by being a quallfied member of Association of
Ch￿te￿ CertifEd Accountants {ACCA}.
I have Cwipkted my examination. I confinn that no material matters have
come to my attention in connection with the examination gives me
Cause to believe that in. any material resF*d'.
It* accounting ￿COrdS were not kept in accordance section 130
of the Charilies Act" or
the accounts dKd not a¢th with the accounting records: or
the accounts did not comply wth the applicable requirements
concemirvJ the fonn arKI content of accounts set out in the Charities
{Accounts and Reports) Reguktions 2008 other than any ￿Ul￿ment
that the accounts give a and fairf view vthich is not a matter
(fftidered as part of an ir￿ndent examination.
I have no o)n¢ems and have come across no other matters in connection
viith examination to wthich attention should be dravm in this report in
order to enable a woper UTKlerstandirvJ of the accounts to be reached.
Signed:
Name:
R•levant professlonal
qualification{s) or body
(If any)..
IER
Oct 2018

Address:
Section B
Disclosure
Only cOmp￿te rf the examiner needs to h￿hlIght material matters of concem
(see CC32, IrKtependent examination of tharrty accounts". directions and
guidance for examiner5).
Give here brief dètsils of
any items that the
examiner wishes to
disclose.
IER
Oct 2018

# **CHARITY REGISTRATION NUMBER 1147738 THE SHADE TRUST** 

# **FINANCIAL STATEMENTS 31 MARCH 2021** 



## **THE SHADE TRUST** 

## **FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2021 CONTENTS PAGE** 

Trustees Annual Report 1-4 Statement of Financial Activities 5 Balance Sheet 6 Notes 7-10 



## **THE SHADE TRUST** 

## **TRUSTEES ANNUAL REPORT PERIOD TO 31 MARCH 2021** 

The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 MARCH 2021. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Registered charity name** THE SHADE TRUST 

## **CHARITY REGISTRATION number** 1147738 

**Registered office:** 74 Darley Street, Leicester, LE2 0GA 

## **THE Trustees** 

The Trustees who served the charity during the period were as follows: Molana Abdulrahim Meer Ms Akila Kassam Ms Farhana Tarapuri Molana Ibrahim Tarapuri Mrs Khadijah Mukadam 

## **Charity advisors** 

Fusion Consulting Services Ltd 103 London Road, Leicester, LE2 0PF 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

THE SHADE TRUST is a charitable trust governed by its trust deed executed on the 26[th] January 2012 and the trust was registered with the Charity Commission on the 19[th] of June 2012. 

## **OBJECTIVES AND ACTIVITIES** 

The objectives of the organisation, as set out in its governing document are: 

- (i) To advance education for the benefit of the poor, the orphans, the underprivileged and people in need by means of, but not exclusively, the provision of scholarships, educational programmes, vocational training, tuition classes, and the provision or the assistance in the provision of educational facilities, such as schools, libraries and training centres; 

- (ii) To relieve financial hardship, distress and suffering among the poor, the underprivileged, the elderly, the disabled, widows, orphans, the homeless, victims of natural and manmade disasters and people in need in the UK and abroad, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the provision of food, water, clothing, medical treatment, rehabilitation, and accommodation for the said persons; 

- (iii) To relieve sickness and to preserve good health among the poor,  underprivileged, the elderly, the disabled and people in need by means of, but not exclusively, the provision or assistance in the provision of services, facilities, equipment, clinics, medicines or grants for medical diagnosis and treatment, and provision of health education; 

**- 1 –** 



## **THE SHADE TRUST TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 MARCH 2021** 

- (iv) To advance the religion of Islam by means of, but not exclusively,   provision of facilities for worship and provision of facilities for Islamic education; 

- (v) To promote any other charitable purpose for the benefit of those in need that the Trustees from time to time determine. 

The charity aims to support the basic needs of orphans, widows and poor persons in India so that they are able to sustain a dignified life and meet their necessities. The charity’s long-term plan is to continue providing Orphan sponsorship, Widow Sponsorship, Emergency Relief to victims of disasters, Clothing and Accommodation support for poor persons. A holistic approach of educating children, empowering widows and meeting urgent needs will contribute to the breaking of the cycle of poverty, and help families establish self-sustainability. 

## **ACHIEVEMENTS AND PERFORMANCE** 

During the year, THE SHADE TRUST has successfully delivered a programme of supporting the orphans, poor and needy in India. The charity has sponsored and supported 450 orphans during the year with educational costs, food costs and costs for medicines. Additionally, the charity supported 23 widows and poor families with grants for living expenses and costs for marriage and 10 poor persons with medical support to relieve their sickness. During the year, the charity also distributed blankets during winter to 1,205 families, Food Packs to 810 families, constructed 1 tube well in poor village benefitting 5 families and built 2 Pakka Houses for homeless families. The charity provided humanitarian relief to the victims of the Aasam Floods in India, which helped 107 families, and supported the refurbishment of 1 masjid during the year. 

## **PUBLIC BENEFIT STATEMENT** 

The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is meeting an identifiable need among needy. The trustees have benefitted many needy individuals and families and has helped them to alleviate their financial needs in times of desperation. The trustees have also increased the life chances of children, widows and the poor through supporting their basic needs, education and welfare, which would otherwise not have been possible. 

## **GRANT MAKING POLICY** 

The charity gives grants to Orphans, widows and poor. The charity provides a grant to eligible orphans direct to the educational institution that provides the education, food and medical support to Orphans. Widows are given grants after assessing their income levels and the number of dependents in the family. These needs are assessed on a monthly basis and if they remain eligible then they are supported with a grant. Poor families are eligible for grants if they are able to provide confirmation of poverty or hardship, which is based on their area of residence, state of accommodation (if any), employment or income levels and number of dependents. 

- **2 -** 



## **THE SHADE TRUST TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 MARCH 2021** 

## **FINANCIAL REVIEW** 

THE SHADE TRUST had secured funds from public donors and grant makers for their activities totalling £763,573 during the year which was a substantial increase from the previous year (£177,372). This was mainly due to the profile increasing of the charity and more charities recognising our grassroots projects working directly with the needy persons in India who gave grants totalling £723,514. The grants and donations were a combination of Zakaat, Sadaqah, Lillah, Gift Aid, Interest and Fidya money. During the year, the charity was able to deliver the projects for grant makers and had a total expenditure of £761,833. Of this, £751,881 were grants for charitable activities. This generated a surplus of £1,740 which will be added to the reserves for future charitable expenditure. The charity had unrestricted reserves of £11,971 at the end of the year, of which the charity intends to retain £10,000 for administration costs. The charity maintains a 100% donation policy for all non-Lillah funds and only uses Lillah funds to cover shortfall in Gift Aid income during the year to cover administration costs. 

## **PLANS FOR FUTURE PERIODS** 

Future plans are to continue to run the Orphan Sponsorship project to cater for the needs of orphans. The charity also intends to support the poor and needy with direct support for their necessities. 

## **RESPONSIBILITIES OF THE TRUSTEES** 

The charity's trustees 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 law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material 

- departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

**-3-** 



## **THE SHADE TRUST TRUSTEES ANNUAL REPORT** _**(continued)**_ **PERIOD TO 31 MARCH 2021** 

## **APPROVAL** 

The report was approved by the Trustees on 28/01/2022 And signed on their behalf by 


__________________________________ 

Ms. Farhana Tarapuri Trustee 

**-4-** 



## **THE SHADE TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 MARCH 2021** 

|||||**Total Funds**||
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Period to**|**_Total_**|
|||**Funds**<br>|**Funds**|**31 Mar 21**|**_31 Mar 20_**|
||**Note**|**£**|**£**|**£**|**£**|
|**INCOME from**||||||
|donations and legacies|<br>**2**|**14,539**|**749,034**|**763,573**|**177,372**|
|<br>charitable activities|<br>|||||
|other trading activity||||||
|Investment income||||||
|Other income||||||
|**Total**||**14,539**|**749,034**|**763,573**|**177,372**|
|**EXPENDITURE on**||||||
|raising funds|**3**|**2,500**|**-**|**2,500**|**3,425**|
|charitable activities|**4**|**7,682**|**747,199**|**754,881**|**166,862**|
|other expenditure|**5**|**4,452**|**-**|**4,452**|**2,472**|
|**Total**||**14,634**|**747,199**|**761,833**|**172,759**|
|<br>Net Income before Tax|<br>|**(95)**|**1,835**|**1,740**|**4,613**|
|Tax payable||**-**|**-**||**-**|
|Net income after Tax||**(95)**|**1,835**|**1,740**|**4,613**|
|Net gains/losses on assets|||||**-**|
|<br>**NET INCOME**||**(95)**|**1,835**|**1,740**|**4,613**|
||||||**-**|
|Transfers between funds||||||
||||||**-**|
|Net movement in funds||||||
|**Reconciliation of funds**||||||
|Total funds brought forward||**10,231**|**-**|**10,231**|**5,618**|
|Total funds carried forward||**10,136**|**1,835**|**11,971**|**10,231**|



**-5-** 



## **THE SHADE TRUST** 

## **BALANCE SHEET PERIOD TO 31 MARCH 2021** 

|||||**Total Funds**||
|---|---|---|---|---|---|
|||||**Period to**|**_Total_**|
|||||**31 Mar 21**|**_31 Mar 20_**|
||**Note**<br>|**£**|**£**|**£**|**£**|
|**CURRENT ASSETS**||||||
|<br>Cash in hand and bank|<br>|||**12,921**|**12,631**|
|**Total**||||**12,921**|**12,631**|
|<br>**LIABILITIES**||||||
|Creditors falling due within|<br>**7**|||**950**|**2,400**|
|one year||||||
|<br>Net current assets|<br>|||**11,971**|**10,231**|
|<br>Total assets less current|<br>|||**11,971**|**10,231**|
|liabilities||||||
|<br>**Total Net Assets**||||**11,971**|**10,231**|
|**The funds of the charity**||||||
|Unrestricted funds||||**10,136**|**10,231**|
|Restricted funds||||**1,835**|**-**|
|<br>**Total**|<br>|||**11,971**|**10,231**|



These accounts were approved by the Trustees on 28/01/2022 and are signed on their behalf by: 


_______________________________________ 

Ms. Farhana Tarapuri 

Trustee 

CHARITY REGISTRATION Number: 1147738 

**- 6-** 



## **THE SHADE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **a) Basis of accounting** 

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. Prior year basis of accounting was on a Receipts and Payments basis as was allowed for unincorporated charities with an income under £500,000. The basis has changed for this period due to the income exceeding £500,000. 

The new accounting policies are relevant to the size and nature of the charity's income for the period. 

The change in accounting policy has only resulted in minor non-material differences arising. As such no requirement to restate prior or current year figures has arisen. 

The charity constitutes a public benefit entity as defined by FRS 102. 

## **b) Fund accounting** 

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity. 

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities. 

## **c) Incoming resources** 

Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. 

## **d) Resources expended** 

Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment. 

Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. 

**-7-** 



## **THE SHADE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2021** 

## **2. DONATION & LEGACIES – BY FUND TYPE** 

||**Unrestricted**|**Restricted**|**Total Funds**|**_Total_**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**_2020_**|
||**£**|**£**|**£**|**£**|
|**Donations**|||||
|Donations|7,200|25,520|**32,720**|**63,753**|
|Gift Aid|7,339|-|**7,339**|**-**|
|**Total**|**14,539**|**25,520**|**40,059**|**63,753**|
|**Grants**|||||
|Ummah Welfare Trust|-|665,544|**665,544**|**88,370**|
|LIA Relief Trust|-|25,000|**25,000**|**23,649**|
|Arrajaa Foundation|-|12,000|**12,000**|**1,600**|
|Alkhair Foundation|-|8,600|**8,600**|**-**|
|Mountain of Mercy|-|5,000|**5,000**|**-**|
|Ehsan Trust UK|-|3,870|**3,870**|**-**|
|Back 2 Door|-|2,000|**2,000**|**-**|
|Smiles All Round|-|1,500|**1,500**|**-**|
|**Total**|**-**|**723,514**|**723,514**|**113,619**|
||**__________**|**_________**|**__________**|**_______**|
|**TOTAL**|**14,539**|**749,034**|**763,573**|**177,372**|



## **3. EXPENDITURE - Raising Funds** 

A total of £2,500 was incurred in costs for raising funds and recovery of Gift Aid during the period. This was unrestricted expenditure. This compared to £3,425 for the previous year. 

**-8-** 



## **THE SHADE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2021** 

## **4. EXPENDITURE - Charitable Activities** 

Grants making is primarily undertaken under a partnership with Sheikhul Hind Educational and Charitable Trust (SHECT) based in India. 

||**Unrestricted  Restricted**|**Unrestricted  Restricted**|**Total Funds**|**_Total_**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**_2020_**|
||**£**|**£**|**£**|**£**|
|**Grants – SHECT - India**|||||
|Ummah Welfare Trust -||665,544|**665,544**|**88,370**|
|LIA Relief Trust -||25,000|**25,000**|**23,649**|
|Arrajaa Foundation -||12,000|**12,000**|**1,600**|
|Alkhair Foundation -||8,600|**8,600**|**-**|
|Mountain of|Mercy -|5,000|**5,000**|**-**|
|Ehsan Trust UK -||3,870|**3,870**|**-**|
|Back 2 Door -||2,000|**2,000**|**-**|
|General 29,867||-|**29,867**|**53,243**|
|**Subtotal**|**29,867**|**722,014**|**751,881**|**166,862**|
|**Other Grants - UK**|||||
|Hardship|Grants 3,000|-|**3,000**|**-**|
|||||**-**|
|**Subtotal**|**3,000**|**-**|**3,000**|**-**|
||**______**<br>|**_______**|**_______**<br>|**_______**|
|**TOTAL**|**32,867**<br>|**722,014**|**754,881**<br>|**166,862**|
|**5. EXPENDITURE – Other Expenditure**|||||
||**Unrestricted  Restricted**||**Total Funds**|**_Total_**|
||**Funds**|**Funds**|**2021**|**_2020_**|
||**£**|**£**|**£**|**£**|
|Staff Costs|2,534|-|2,534|-|
|Website Costs|861|-|861|-|
|Sundry Costs – Mailchimp|65|-|65|-|
|Bank Charges|42|-|42|347|
|Venue Hire|-|-|-|1,500|
|Stationery|-|-|-|25|
|**Subtotal**|**3,502**|**-**|**3,502**|**1,872**|
|**Governance Costs**|||||
|Accountancy Fees|950|-|950|600|
||**_____**|**____**|**_____**|**____**|
|**TOTAL**|**4,452**|**-**|**4,452**|**2,472**|



**-9-** 



## **THE SHADE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2021** 

## **6. Staff Disclosures** 

The charity contracted with a part-time member of staff to assist in the administration of the charity which is attributable across all the projects equally. The total cost of staff for the period was £2,533 compared to Nil in the previous period. 

Total number of staff employed during the period is 1. No staff member was paid more than £60,000 during the period. 

## **7. LIABILITIES: Amounts falling due within one year** 

**£** ==== 950 

**Trade creditors** Accountancy & Examination Fees for 2021    950 

## **8. CONNECTED PARTY TRANSACTIONS** 

There were no payments made to any trustee or connected person during the period for any remuneration or expenses. 

**- 10 -**