SHADE
Annual Report and Financlal Ststements
Period ended 31st July 2024
Charity Number: 1149699

Shade
Contents
Administratlve Informatlon....... .. ...........................................................
11.
Trustees, Report
Objectives & Actlvitles .
111. Flnanclal Revlew
IV. Structure, Governance and Management.... ..
Independent Examiners Report....................................
Vl. Flnancial Statements
.10
11
Statement of Financial Activities.......................
.11
Statement of Financial Position (Balance Sheet).................
Statement of Cash Flows............................................
.12
13
Notes to the Financial Statements......
.14
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Shade
Administratlve Informatlon
Charity Number: 1149699
Registered office: The Shade Centre, 62 Church Road, London, E12 6AF
Dlrertors and Trustees
The dirertors of the Shade (the charity) are its trustees for charity law. The trustees and officers
serving during the year and since the year end were as follows..
Mr Abdul Gaffar
Mr Muhammad Abdul Gofar Khan
Mr Koyson Khan
Mr Mohammed Sayeedur Rahman
Appointed 28 January 2019
Appointed 16 May 2023
Appointed 16 May 2023
Appointed l October 2023
Our Advisers
Bankers: HSBC Bank. East Ham. London E6 2HX
Independent Examiner: Strone Accountants, Unit 10, 45 Gillender Street, E14 6RN
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11. Trustees, Report
The trustees are pleased to present their annual directors, report together with the financial
statements of the charity for the period ended 31 July 2024 which are also prepared to meet the
requirements for a directors, report and accounts for Charities Act purposes.
The financial statements comply with the Charities Act 2011. by its constitution, and 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 l January 2015).
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Objectives & Activities
l. To act as a resource for people living In London and nelghbouring reglons by providing advice and
assistance and organi2ing programs of physical, educational and other activltle5 as a means of:
a) advancing in life and helping young people by developing their skills, capacities and
capabilities to enable them to partlcipate in society as Independent, mature and responsible
individuals.
b) advancing educatlon;
c) providing recreational and leisure time activity in the interests of social welfare for people
livin8 in the area of benefit who have need by reason of their youth, age, infirmity or
disability, poverty or social and economic circumstances With a view to improving the
conditions of life of such persons.
2. To promote and protect the physical and mental health of the inhabitants of London and the
neighbouring areas through the provision of financial assistance, sUPPOrt, education and prattical
advice.
3. The relief of financial need and suffering among victims of natural or other kinds of disaster in the
form of money (or other means deemed suitable) for persons. bodies, organizations and/or
countries affetted including the provision of medical aid.
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Activities
SHADE is community-based umbrella organlsation that runs program5 and activitles caterlng for the
social, educational, recreational and religious needs of the communitv.
The Shade Centre
This is a community centre where we provide health and educational activities. Some of the
activities are-
-Ladies Fitness Classes
-Archery Club
-Tea Club
-martial Arts (Silat & Kickboxing)
-self Defence Course
-Friday Prayer Facilities
-Eid Prayers Outdoors in Manor Park and Forest Gate
- Youth Project (Youth under Shade)
Football Club (Shade FC)
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I, 111. Flnanclal Revlew
The trustees have revlewed the reserves of the Charlty. Thelr pollcy Is to hold enough Ilquld funds to
meet 3 month5 of operatin8 COSts of the Charlty..
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IV. Structure, Governance and Management
Governln8 Document
Shade an un-incorporated charitable organisation governed by its constitution adopted 01/11/2011
and last amended 1410412013.
Pay pollcy for senlor staff
No staff member receives more than £60,000 in wages per annum.
Reserves Poliry
The charity always aims to have I months of charitable expenditure as cash reserves, in the event of
winding up or to support projects in a deficit for short periods of time until further funding is
secured. This would currently amount to approximately £47.913.
Risk Management
The trustees continue to manage the risk of shortfalls in funding. The trustees mitigate this risk by:
a. Ensuring there are trustees with specific experience in fundraising who provide additional
support to the organisation via a sub-committee of the Board
b. Allocating appropriate resource to both fundraising and business development
c. Diversifying the income base of the organisation through commissioning, corporate
engagement and the trading subsidiary.
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Trustee responslbllltles In relatlon to flnanclal statements
The charity trustees of Shade are responslble for preparlng a trustees, annual report and financial statements
in accordance with applicable law and United Kingdom Accounting Standards.
Charity law requires the trustees to prepare flnancial statements for each year which give a true and fair view
of the state of affairs of the charity incoming resources and appllcation of resources, Including the income
and expenditure, of the charitable for that perlod. In preparin8 the financial statements, the trustees are
required to:
select sultable accountlng pollcles and then applythem consistently;
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accountin8 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 business.
The trustees are responsible for keeping proper accounting records that disclose with reawnable accuraoi at
any time the financial position of the charity and to enable them to ensure that the fjnancial statements
comply with the Charitie5 Act 2011.
They are 31so responsible for safeguarding the assets of the charity and hence taking reasonable steps for the
prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance
and integrity of the corporate and financial information included on the charitable compan(s website.
Approved by our Board of Trustees on ................
Signed on its behalf.
//
Trustee
fv. k//4
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Independent Examlners Report
Respectlve responsSbllltles of trustees and examlner
The trustees are responsible for the preparation of the accounts. The charitVs trustees consider that
an audlt is not required for this year under section 144 of the Charities Act 2011 (the Charities Act)
and that an independent examination is needed. The charitls gross income exceeded £250,0￿.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission
(under section 145(5){b) of the Charities Act, and
To state whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination was carried out in accordance with general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or di5closure5 in the accounts, and seeking explanations from the trustees concerning
any such matters. The procedures undertaken do not provide all the evidence that would be
required in an audit, and consequently no opinion is given as to whether the accounts present a
'true and fairf view and the report is limited to those matters set out in the statement below.
Independent examiner's ststement
In connection with my exarnination, no material matters have come to rny attention {other than that
disclosed below if any) which gives me cause to believe that in, any rnaterial respect:
accounting records were not kept in accordance the Charities Act; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements of Charities Act other
than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP {FRS102).
I 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.
Date: 21712025 Aqccouxtb£ts
Firm." Strone Accountants
Address: Strone Accountants, Unit 10, 45 Gillender Street, E14 6RN
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Vl. Financial Statements
Statement of Financial Activities
2024
Total Funds
2023
Total Funds
Notes Unrestricted Restricted
Income:
Donations and legacies
Income from charitable activities:
Income from other trading
activities:
355,359
209.941
355,359
209,941
177,3387
229,060
12,617
12,617
50,009
Total income
577,917
577,917
456,4S6
Expenditure
Cost of raising funds
Fundraising
Commercial trading operations
Expenditure on charitable
activities
50.163
50,163
6,619
524.799
524,799
485.512
Total expenditure
574,962
574,962
492,131
Net movement in funds for the
year
2.955
2.955
(35,675)
Reconciliation of funds
Total Funds Brought Forward
Transfer Between Funds
50,202
6,809
57,011
92.686
Total funds carrled forward
53,157
6,809
59,966
57,011
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Statement of Financial Position (Balance Sheet)
2024
2023
Fixed assets
Tangible assets
10
22,831
25,266
Total Flxed Assets
22,831
25,266
Current assets
Debtors
Cash at bank and in hand
11
136,769
30,068
179,954
8,865
Total Current Assets
166,837
188,819
Liabilities
Creditors falling due within one year
12
(92.861)
{114,618)
Current assets less current liabilities
73,976
74,201
Creditors: falling due after more than l year
(36.841)
(42,456)
Net assets
59,966
57,011
The funds of the charity:
13
Unrestrirted income funds:
Restricted income funds
53.157
6,809
50,202
6.809
Total charity funds
59,966
57,011
Financial statements were approved on .
authorised for issue. Signed on their behalf by:
..by the members of the committee and
Signed on its behalf.
Trustee
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Statement of Cash Flows
2024
2023
Cash flows from operatlng artlvltles:
Net movement in funds
Add back depreciation charge
(Increase)/Decrease of debtors
Increase/(Decrease) of creditors
2,955
5,708
43,186
{27.371)
(35,675)
6,982
{16,￿0)
59,143
Net cash flow of operatln8 actlvities
24,478
14,450
Cash flows from Investlng artlvltles:
Purchase of assets
(3,275)
(17,778)
Net Cash flows from investing artivities:
21,203
(3,328)
Change In cash and cash equivalents in the year
21,203
(3,328)
Cash and Cash equivalents brought forward
8.865
12,194
Total cash and cash equivalents at year end
30,068
8,865
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Notes to the Financial Statement5
Accounting Pollcle5
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows:
Basis of preparation (First time adoption of FRS102)
The financial statements have been prepared in accordance with 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 l January 20151- (Charities SORP {FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
Shade meets the definition of a public beneflt entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy note(s}.
b)
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions
attached to the item{s) of income have been met, it is probable that the income will be received, and
the amount can be measured reliably.
Income from 8overnment and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entitlement to the funds. any performance conditions attached
to the grants have been met, it is probable that the income will be received. and the amount can
be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware
that probate has been granted. the estate has been finalised and notification has been made by the
executorls) to the charity that a distribution will be made, or when a distribution is received from
the estate. Receipt of a le8acy. in whole or in part, is only considered probable when the amount
can be measured reliably, and the charity has been notified of the executor's intention to make a
distribution. Where legacies have been notified to the charity, or the charity is aware of the granting
of probate, and the criteria for income recognition have not been met, then the legacy is a treated
as a contingent asset and disclosed if material.
Income received in advance of a project or provision of other specified service it is deferred
until the criteria for income recognition are met.
Donated services and facilities
Donated professional servlces and donated facilities are recognised as income when the charity has
control over the item, any conditions associated with the donated item have been met, the receipt of
economic benefit from the use by the charity of the item is probable and that economic benefit can
be measured reliablv.
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Shade
On receipt, donated professional services and donated facilities are recognised based on the value
of the 8ift to the charity which is the arnount the charity would have been willing to pay to obtain
services or facilities of equivalent economic benefit on the open market.
d)
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is normally upon notification of the interest paid or payable by the
Bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the Trustees have decided to set
aside to use for a specific purpose.
Restricted funds are donations or grants which the funder has specified are to be solely used for
areas of the chariV5 work or for specific projects being undertaken by the charity.
f )
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required, and the amount of the obligation can
be measured reliably. Expenditure is classified under the following activity headings:
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
g) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Support Costs include back office costs, finance, personnel, payroll and
governance costs which support the charitvs artistic programmes and activities. Support costs
have been allocated in proportion to expenditure incurred in undertaking an activity.
h) Tangible fixed assets
Plant, Property & Equipment are capitalised at cost and are depreciated over their estimated
useful economic lives on a straight-line basis as follows:
Asset Category
Fixtures, Fittings and Electrical equipment
Annual rate
2(PA R.B
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Debtors
Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
i)
Cash at bank and in hand
Cash at bank and cash in hand includes cash or opening of the deposit or similar account.
k)
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
i)
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured
at their settlement value.
m) Going Concern
The accounts are prepared on a going concern basis there are no material uncertainties about the
charities ability to continue
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Income from donatlons and le8ades
2024
2023
Donations
355,359
177,387
The charity benefits greatly from the involvement and enthusiastic support of its many
volunteers. details of which are given in our annual report. In accordance with FRS 102 and the
Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the
accounts.
Income from charitsble activities
2024
2023
Income from charitable activities
209,941
229,060
The charity runs a project named Al Rawda with the objective of advancing Islamic education,
with aim to produce educated, active members of society able to propagate authentic
knowledge derived from traditional sources and apply them in a contemporary context by
Providing Educational courses for youths and adults alike.
Income from other trading activities
2024
2023
Income from other trading activities
12,617
50,009
The charity facilitates fundraising events and sells books.
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Analysis of expenditure on charltable activitie5
Staff
Other
Costs
Support
costs
Total
2024
Total
2023
costs
Restricted Funds
Unrestricted Funds
380,548 22,582
121,669
524,799
492,130
380,548 22.582
121,669
524,799
492,130
Analysis of staff costs, Charity remuneratlon and expenses. and key management personnel.
2024
2023
Salaries and wages
380.548
318.096
No employees had employee benefrts more than £60,(XX). Pension costs are allocated to activities
in proportion to the related staffing costs incurred.
The key management personnel of the parent charity, comprise the trustees and the
Chief Executive Officer of Shade.
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Staff Numbers
The avera8e rnonthly number of staff was 20 staff and the average monthly number of full-time
equivalent employees (includin8 casual and part-time staffj during the year were as follows:
2024
Number
2023
Number
Administrative, Teachin8 & Support staff E)
15
15
Related party transactions
The charity has an agreement with the director of an interest fee loan from the director,
which will be repayable as when the charity has suffiaent reserves.
Corporation Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these
are applied to its charitable objects.
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10. Tangible fixed assets
2024
2023
Plant, Property and Equlpment
Cost
At l July 2023
Additions
131,029
3,272
113,251
17,778
, At 31 July 2024
134.301
131,029
Depreciation
At l July 2023
Charge for the year
105,762
5,708
98,780
6,982
At 31 July 2024
111,470
105,762
Net book value
At 31 July 2024
22,831
25,267
At 31 July 2023
25,267
14,470
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11. Debtors
2024
2022
Trade debtors
Other Debtors
20,710
159,244
136,769
136,769
179.954
12. Creditors: amounts falling due within one year
2024
2023
Other Credltors
Directors Loan to the Charity
85,308
7.553
107.065
7.553
92,861
114,618
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13. Analysls of charltable funds
2024
Closing
Balance
Openlng
Balance
Income
Transfers
Expendlture
Unrestrlcted Income funds:
50,202
577,917
(574,962)
53,157
Restricted Income funds
6.809
6,809
57,011
577,917
(492.131)
59,966
2023
Closing
balance
Opening
Balance
Income
Transfers
Expenditure
Unrestricted income funds:
85,877
456,456
(492,131)
50,202
Restricted income funds
6,809
6.809
92,686
456,456
(492,131)
S7,011
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End of Report
p.
i¥
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