CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner s Report Report to the trusteesl members of THE SHADE TRUST On accounts for the year endod 31 MARCH 2024 Charlty no Ilf any) 1147738 Set out on pages 1-10 I report to Ihe Irustees on my examination of the accourts of the atxwe charity (Ihe Trusf) for the year ended 3110312024. Responslbilitles and basis of report As the charitys trustees, a responsib for the preparation of the accnunts in aOrdan ith the requirements of the Charities Act 2011 {Ihe A) I report in respect of my examination of the Trust's accounts carTied out under sectton 145 of the 2011 and in carrying out my examination, I have follovRd al the appluble Dire(aions given by the Chanty Commission under section 145{5){bl of the Act. Independent The charitys gross inrne exceeded £250.000 and l am quaIrfd to examiner's statement undertake the examinatrjn by being a qualified member ol Associatton of Chartered certif Accountants (ACCA). I have xnpleted my examinatKin. l ry)nfirm that no material matters have come to my attentK)n in connedion wrlh the examinatK)n which givès me cause to bve that in, any material respect: the ac£ounting records were not kept in accordance with section 130 of the ChariiEs Act., or the acuntS did not accord ith the accounting records., or the accounts dtd not comply with the applicable requirements conceming the form and ntent of &oJunts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aox)unts give a Irue and fairf view which is not a matter Conered as part of an independent examination. I have rK) concems and have come 08S no other matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the acLX)unts to be reached. Slgned." IiJqr Dats: Name: Relevant professlonal qualfflcatlon(s) or body (rf any)". fL IER Oct 2018
4Y ALLS TD. 1625111e 111 Section B Disclosure (My compkts rf the examiner needs to hhlIght matwial matter5 of ¢ontXrn guidance for examiners). Give here bri•f dotsllg of any items that the •xamin•r wish•s to dl•¢loM. IER (kt 2018
CHARITY REGISTRATION NUMBER 1147738 THE SHADE TRUST
FINANCIAL STATEMENTS 31 MARCH 2024
THE SHADE TRUST
FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2024 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 2024
The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 MARCH 2024.
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 398A East Park Road, Leicester, LE5 5HH
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:
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(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;
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(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;
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(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;
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THE SHADE TRUST TRUSTEES ANNUAL REPORT (continued) PERIOD TO 31 MARCH 2024
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(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;
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(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 over 1,100 orphans during the year with educational costs, food costs and costs for medicines. Additionally, the charity supported over 200 widows and poor families with grants for living expenses. During the year, the charity also distributed blankets during winter to over 500 families and hardship and necessity grants to over 1,300 families, comprising of those impacted by Covid-19 with no employment or income, people with medical needs, elderly, widows and orphans. The support of the charity has helped them meet their basic needs and relieve their financial hardship.
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 which allows them to attend an eligible educational institution that provides the schooling. 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.
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THE SHADE TRUST TRUSTEES ANNUAL REPORT (continued) PERIOD TO 31 MARCH 2024
FINANCIAL REVIEW
THE SHADE TRUST had secured funds from public donors and grant makers for their activities totalling £589,519 (2023: £578,616) during the year. This level of income 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 £533,188. We are grateful for their kind support. 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 £585,017 (2023: £575,185). Of this, £580,821 were grants for charitable activities. This generated a surplus of £4,502 which will be added to the reserves for future charitable expenditure. The charity had reserves of £21,713 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 to cover shortfall in Gift Aid and Admin 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material
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departures disclosed and explained in the financial statements;
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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.
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THE SHADE TRUST TRUSTEES ANNUAL REPORT (continued) PERIOD TO 31 MARCH 2024
APPROVAL
The report was approved by the Trustees on 25/01/2025
And signed on their behalf by
Ms. Farhana Tarapuri Trustee
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THE SHADE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 MARCH 2024
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Period to | Total | ||
| Funds |
Funds | 31 Mar 24 | 31 Mar 23 | ||
| Note | £ | £ | £ | £ | |
| INCOME from | |||||
| donations and legacies | 2 |
6,341 | 583,178 | 589,519 | 578,616 |
| charitable activities | |||||
| other trading activity | |||||
| Investment income | |||||
| Other income | |||||
| Total | 6,341 | 583,178 | 589,519 | 578,616 | |
| EXPENDITURE | |||||
| on raising funds | 3 | 1,800 | - | 1,800 | 1,800 |
| charitable activities | 4 | 4,829 | 575,992 | 580,821 | 571,656 |
| other expenditure | 5 | 2,396 | - | 2,396 | 1,729 |
| Total | 9,025 | 575,992 | 585,017 | 575,185 | |
| Net Income before Tax | (2,684) | 7,186 | 4,502 | 3,431 | |
| Tax payable | - | - | |||
| Net income after Tax | (2,684) | 7,186 | 4,502 | 3,431 | |
| Net gains/losses on assets | |||||
NET INCOME |
(2,684) | 7,186 | 4,502 | 3,431 | |
| Transfers between funds | |||||
| - | - | - | - | ||
| Net movement in funds | |||||
| - | - | - | - | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 6,456 | 10,755 | 17,211 | 13,780 | |
| Total funds carried | 3,772 | 17,941 | 21,713 | 17,211 | |
| forward |
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THE SHADE TRUST
BALANCE SHEET PERIOD TO 31 MARCH 2024
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Period to | Total | ||
| Funds |
Funds | 31 Mar 24 | 31 Mar 23 | ||
| Note | £ |
£ | £ | £ | |
| CURRENT ASSETS | |||||
Cash in hand and bank |
13,012 | 17,941 | 30,953 | 23,691 | |
| Total | 13,012 | 17,941 | 30,953 | 23,691 | |
LIABILITIES |
|||||
| Creditors falling due within | 7 |
9,240 | - | 6,480 | |
| one year | |||||
Net current assets |
21,713 | 17,211 | |||
Total assets less current |
21,713 | 17,211 | |||
| liabilities | |||||
Total Net Assets |
21,713 | 17,211 | |||
| The funds of the charity | |||||
| Unrestricted funds | 3,772 | 6,456 | |||
| Restricted funds | 17,941 | 10,755 | |||
Total |
21,713 | 17,211 |
These accounts were approved by the Trustees on 25/01/2025 and are signed on their behalf by:
_________ Ms. Farhana Tarapuri
Trustee
CHARITY REGISTRATION Number: 1147738
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THE SHADE TRUST
NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2024
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.
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.
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THE SHADE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2024
2. DONATION & LEGACIES – BY FUND TYPE
| Unrestricted | Restricted | Total Funds | Total | |
|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 6,341 | 49,990 | 56,331 | 47,238 |
| Gift Aid | - | - | - | 3,222 |
| Total | 6,341 | 49,990 | 56,331 | 50,460 |
| Grants | ||||
| Ummah Welfare Trust | - | 432,955 | 432,955 | 442,053 |
| Euro Charity Trust | - | 45,044 | 45,044 | 50,000 |
| LIA Relief Trust | - | 6,545 | 6,545 | 25,000 |
| Alkhair Foundation | - | 4,111 | 4,111 | 4,103 |
| Books 2 Door | - | 6,000 | 6,000 | 5,000 |
| Arrajaa Foundation | - | 4,665 | 4,665 | - |
| Other Grant Makers | - | 33,868 | 33,868 | 2,000 |
| Total | - | 533,188 | 533,188 | 528,156 |
| ____ | ___ | ____ | _ | |
| TOTAL | 6,341 | 583,178 | 589,519 | 578,616 |
3. EXPENDITURE - Raising Funds
A total of £1,800 was incurred in costs for raising funds during the period. This was unrestricted expenditure.
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THE SHADE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2024
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 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Grants – SHECT - India | ||||
| Ummah Welfare Trust | - | 432,197 | 432,197 | 442,053 |
| Euro Charity Trust | - |
40,000 | 40,000 | 50,000 |
| LIA Relief Trust | 6,155 | 6,155 | 19,000 | |
| Alkhair Foundation | - | - | - | 4,103 |
| Arrajaa Foundation | - | 4,635 | 4,635 | - |
| Books 2 Door | - | 6,000 | 6,000 | 5,000 |
| Ummah Helping Hand | - | - | - | 2,000 |
| General | 9,285 | 82,549 | 91,549 | 49,500 |
| ______ |
_ | _ |
_ | |
| TOTAL |
9,285 |
571,536 | 580,821 |
571,656 |
| 5. EXPENDITURE – Other Expenditure | ||||
| Unrestricted Restricted | Total Funds | Total | ||
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Consultancy Costs | 821 | - | 821 | - |
| Website Costs | 364 | - | 364 | 558 |
| Bank Charges | 251 | - | 251 | 211 |
| Subtotal | 1,436 | - | 1,436 | 769 |
| Governance Costs | ||||
| Accountancy Fees | 960 | - | 960 | 960 |
| _____ | ____ | _____ | ____ | |
| TOTAL | 2,396 | - | 2,396 | 1,729 |
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THE SHADE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2024
6. Staff Disclosures
No staff costs incurred during the period.
Total number of staff employed during the period is 0.
7. LIABILITIES: Amounts falling due within one year
| £ |
|---|
| Trade creditors |
| Accountancy & Examination Fees for 2021 950 |
| Accountancy & Examination Fees for 2022 970 |
| Accountancy & Examination Fees for 2023 960 |
| Accountancy & Examination Fees for 2024 960 |
| ==== |
| 3,840 |
| Fundraising Fees 5,400 |
| TOTAL 9,240 |
8. CONNECTED PARTY TRANSACTIONS
There were no payments made to any trustee or connected person during the period for any remuneration or expenses.
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