SHADE Annual Report and Financlal Ststements Perlod ended 31° August 2025 Charity Number: 1149699 Shade Contents Admlnlstrative Informatlon... 11. Trustees, Report........................................................... Objectives & Activities... . 111. Financial Review............ IV. Structure, Governance and Management........... Independent Examiners Report................................................ Flnancial 5tstements.... .11 Statement of Flnancial Artlvltles.. .11 Statement of Financial positson (Balance Sheet} . Statement of Cash Flows............................................................... .12 .13 Notes to the Flnanclal 5tatements................... .14 P4è?of2a Shade Admlnlstratlve Informatlon Charlty NumbeT'. 1149699 Re8iStered office.. The Shade Centre, 62 Church Road, London. E12 6AF Dlrertors and Trustees The dlredors of the Shade Ithe Iharilyl are its trustees for charlty kiw. The tiusiees and officers seNn8 durln8 the year and since the year end were as follows.. Mr Abdul Gaffar Mr Muhammad Abdul Golar Khan MrKo on Khan poinled 28 january 2019 Appointed 16 May 2U2J inted 16 May 2U2J Our Advlsefs 8ankers- HS8C 8anK East Ham. London E6 2HX Independent Examlner- Hèroon Patel. Strone Accounlants, 353 Strone Road, London, E12 Pa8e 3 0121 Shade Trustees, Report The trustees •re plÈ•Jed to PTe5ent thelr annual dlredors. Tel￿ t￿ether wfjih the financl•l statements ol the charlty for the perlod ended 31 Au8llSt 2025 whlch are also Pfepared io meet the rtqulrtment5 for • dlrectors, report •nd •ccwnt3 lor Charltles Acl Pufposes. The financlal statements c(Mmply wlth ih• Charitles Art 2011. fy Iti conslltulknh. and Accounting and Reportini by Charitles.. Stolement of Aecommended Pnctice appllcable lo charr(ies prepaiini their cc(￿nIS In •c¢ordance with the Financial Reportlnl Standard applkable In the UK and Republic of Irel•nd IFRS 1021 (effective I january 20151. Pw40123 .Shade bjertlves & Artlvltles l. To art as a resource for people IMn8 In London and nelghbouilng regions by providlng ad￿ce and aS5iStance and or8ani2lng programs of phy51cal. educatkinal and other actfvities as a means of.. al advancin8 In Ilfe and helpln8 Y￿nI Peop￿ by developlng their skills. ¢apacities and capabllities to enable them lo partKlpate In sodety as Independent, malure and iesponsltjle 1nd￿ld￿dIs.' bl advènclng educatlon: el provldin8 fecreational and lelsure time actlth In the interests of social welfare for people INin8 IA the area of benefit who have need by feason of their youth, age, infirmity or dlsabllity, poverty or so¢*1 and economlc clrcumstances with a vlew to improving the 0ndIt￿n9 uf lil¥ vl >uih pef50ns. 2. To pramrtt@ and protect th• physi¢al and m•nt•l h••lth of th• Inh•bltants of London and th• neighbouring areas through the Pfovlsknn of financial asststance. support. education and prdctical advhce. 3. The relief olfinancial need and sufferin8 arno￿ vidSms of nalufal or other kinds of disaster in the form ol money lor other means deemed suitable) for persons, bodies. organi2allons andlor Luuntrles affecred Including the provlsion of medical aid. Pa8e 5 of 23 Sliade Actlvltles Artbthlej SHADE Is a communlty-ba5ed umbrella organlsaik)n that runs progr3mmes and adfvlties catering for the soclal, educatk)nal. recrealional and rellglous needs of the local communrty. The Shade Centre The Shade Centre serye5 as a ccwnmunfjty hub where a wide ran8e of heaf(h, educational and commtsntty aCt￿ltIeS are provwjed. Some of these include". Ladles. Fitness Classes Archery auh Tea Club Martlal Arts IsiLIt and Kkkboxin81 Self-Defence c￿lse$ Frlday Prayef Fa¢ilff yrtsent a 'true and falrf vlew and the report ts Ibmi¢ed to ihase matters set out irt the statement below. Independent eM•mln•rfs st•tement In connection wlth my examinatkn, no materfal matter5 hève Come to my attenilon lother than thai disclosed below il enyl which sr¥¢s me cause to belbeve that in, any material respeLt: accountine rocords w•r• nnt kpN in Arrnrdhnc• the Charities Act. or the accounts do not accord with suth records- or the accounts do not comply with relevant accountin8 requirements of Charities Act othef than any requirement that the accoun1$ 8Ne a'true and fairf view which is not a matter consldered as pafl of an independenl exarnir4atw.' or the attounts have not been Pfepared in accordance with ihè Charities SORP IFRS1021. I have not come across any matters in connection with the exafflination to whKh attention should be drawn in oidei io enable a proper understandin8 of the accounts to be reached, except for the emphasis on matter paragraph below. Pase 9 pf23 Shade Emph*JSs on m•tter The charllles unrestrlcted Testrves as 0131 Au8USt 2025 was £27,501. Th15 Ls not in line wfth the ¢harfjlles reserve polky. There Is a malerlal vncertainly ie8aidlng the charlty io coniinue lo adopt the ioln8 concern basls olatcovntlng for a perlod olat least 12 months from the d*e the charrty tinJncK41 siatemenl: are authorI5ed lof 155ue. We draw attentlon to Note l in the linonclal 5taternents which Indlcate5 that the charity's ablllty to corttlnuo as a qoln8 concern is dependent on the abilily to raise fvrther donations. The tnJstee5 also h*hllght wlthin the trustees report that irnprthig credit wtr and the dlsposal ol ex¢es5 assets wlll also ass&1 with thls. 04te.' 2510612026 H*voon P•t•l, FCCA Indepond*nt Examln•r Strone 353 Strone Ao•d London E12 6TW Paae 10 0113 Sh,Id Vl. Financial Statements Statement ol Flnanclal Actlvltles 202S Note5 Unrestrkted Restrlcted Total Funds 2024 Total Funds In¢ome: Donations ènd le8acles Intome frorn charitable attNitles.' Income from othèr tradin8 attivities.. 355,359 209.941 337,041 430.240 337.041 430,240 66,725 66.725 12.617 Total Income 834.C#)6 S34,￿6 S77,917 E¥penditure Cost of raisln8 funds Fundra¢sin8 Commerclal tradini operaiiMs Expenditure on thorit8ble activities 111,751 111,751 50,163 747.911 747.911 524,799 T¢)tsl expendlture 859.662 859.662 S74,962 Nei movement In fvnds forihe v••r 125,6561 125,6561 2.955 Reconclllatlon of funds Total Fund5 8rou8ht Forward Transf•r A•tW￿￿ FLinrf 53.157 59.966 57,011 Total funds carrled fon¥ard 6.809 34,310 59,966 Pa8e 110123 hadp Statement of Flnanclal Posltlon (Balance Sheet) 2025 2024 Flxed assets Tan8ible assets io 2.408,648 22,831 Total Fixed Assets 2.408.648 22.831 Current assets Debtors Cash at bank and in hand li 191.211 66.675 136,769 30.068 Total Current Ass•ts 264.886 166,837 Ll•bilitSes Creditors falllng due wlthln one year 12 143,9831 113,8511 Current assets leu Curyent Illbilhles 143.9831 13.8SI Credltors: l•lll+¥ due •fter more th•n l year 12,595,241) 1115,8511 34.310 S9.966 The fvnds ofthe charlty: Unresirlcted Income funds.. Re>tricted Income funds 27,501 53.157 6,809 Tol•l ch4rfty lunds 34.310 59,966 Financial statements were appfoved on .--.-.---.........by the members of the committee and authorised for i55ue. Signed on their behalf bv.. 518ned on its behall. Trusts• Name... P4e 12 of 13 Shade Statement of Cash Flows 2025 2024 C•5h fiows from *ctk4tl•¢: Net movemenl in funds Add ￿tk depreclaiion chaTBe Ilncrease}IDecrease of debior5 InertasellDecreas•l of fr￿110r$ {25.6561 4,566 161,4421 2.509.522 2.955 5.708 43.186 {27,3711 Net ¢•5h flow oloptr•tlni •ctl¥l￿e5 2A26.990 24A78 Cash flows Irom In¥•stln8 •rt14rftles: Purchase of assets IZ,J90.3831 13,27SI Net C•sh flows from Investlrti •cll¥ltl•s: 36,607 21,203 Chanp In <•sh •nd cash eqUI￿lents In the ye•r 36,607 21.203 Lash and Cash equivalents brought fonvard 8.865 Tatal cash and ¢ash equhmlents •1 year end 66.67S 30,068 Pa8e 13 0123 Shade Notes to the Flnanclal Statements A¢countln8 Pollt1*5 The princlpal accountlng polltle5 adopted. ludgemenls and key source5 of estimation untertainty in the preparation of the financlal statements are as follow5.. Basls of preparatlon IFlrst time adoption of FRS1021 The flnancial statements have been prepared In accordance with Accountin8 and Reporting by charities.. Statement of Recornmendtd Practice applicable to Charrties preparing theli accounts in accordance with the Flnanclal Reportiri8 Standard applicable In the UK and Republic of Ireljnd IFRS 10?1 leflgdive l January 20151 . Ichoritles SORP IfRS 10211, the Fin•ncial Reportin8 Standard applicable in thp UK and R•ptsbll¢ of Ir•land IFRS 1021. Shade meets the definilion of a pvblic benefrt entity under FRS 102. Assets and liabilities are initial recognised at hlstorical Cost or transartK*n value unless Otherwse slated in ihe relevant atcounting policy notelsl. bl Income Incom• is rKo8nis•d wh•n th• ¢harbty has entitlement to the fund6, any performan¢• ¢0ndition£ attached io the r¢emlsl af inenmp hxvp hppn mrt. il 1¢ pIthhxh￿ that th• inmrnÈ w¢ll ￿ r•fpiv•d. and the amount can be measured reliab￿. Income from government and other grants. whether'capital. 8ranls or'ievenue, grants, Is Teco8nised when the chaitty has entitlement to the funds, any performance conditions attathed lu ilie¥rdiils lid¥e beeii inei.116 sbrub4ble ih•t the InuJme wlll be re￿fve￿, and the amouni can be me•sur¢d relltsbly and h not delerred. For legacles. entltlement is taken as the earlier of the date on which elther.. thè tharity is aware that probate has beert 8ranted, the estate has been finalised and notwication has been made by the executorlsl to the Charity that a distribution will be made, or when a distributlon is received from the estate. Receipt of a le8acy. in whole or in part, bs only considered probab￿ when the amount can be measured reliabty, and the charity has been nOtrf￿ of the executorfs intention to make a disiribullon. Where le8acle5 have been notlfied to the charlty. or the charity is aware of the granting of piobate, and the criterra for income recognttion ha* noi been met, then the le8Jcy is a treated as a contin8ent asset and disclosed if material. Income reteived In advance of a projert ly provision of other specrf*d servbce il Is deferred until the crlleria for income recognition are met. Donated servlces and facilities Donated professlonal servlces and donated lacilitie5 are recoBnised a5 income when Ihe charrty has control over the itern, anycond11￿5 a550(iated with the donated item have been met, the feceipt ol eionornlc benefit fiom ihe use by the charity of the item Is probable and thai economic benefrt can be meajured reliably. Page 14 of 23 .%Fiarlp On recelpt, donated professlonal service5 and donated facllltles afe recognised based on the value of the 81ft to the charily whlch is the amounl the charity would have been wllllng to pay to obtain servi￿5 or facilities ol e9uivalent economlc benefit on the open mafkei. dl IntÈr•st r•celvable Interest on funds held on depostt 15 induded when receivable and ihe amount can be measured reliab￿ bythe charlty,. this Is nomialty upon notrfication of the Interest paid or payable by the Ban Fund accountin8 Unrestricted funds are aVaIlab￿ to spend on artNi¢*S thal further anyof the wrp05es of charity. Des18nated funds are vnrestTKted fund5 of the charity whkh the Trustees have decided to set aside to Use fora specffk wrFQSe. A￿trIrt￿rt fiinds arp dnnatinns nrerants whirh thp fiirvlpr his ar• to be solely used for areas of the charitrfs work orfor specific projeds beSn8 undertaken by the charity. Expendlture Expenditure is rceo8nised once ther¢ 15 a1¢8al or con•tfUetNe obligation to make a payment ta 4 third party, it 1% prfjhablp thai s•ttl•ment wlll be required. and the amount of the obligation can be measured reliab￿. Expendituie is dassrf*d under Ihe folh)wing activity headings.. Irrecoverable VAT15 charged as a cost a8alnst the att￿tylor whlch the expendrture was Incurred. g} Allocallon of 5uppori costs Support costs are those functK¥ns that assist the work of the charily but do not directly undertake charitable actNities. Support costs indude back offKe (Osts, finan￿. personnel, payroll and governance c05t5 whlEli tlie £h•ifLrfs artlstk Pfo8rommes and aciN￿les. Support C￿13 have been •lbcoted ln proportion to •xp•nditvr• inojrrod in und•rtakin8 an artivily. h} Tan8ible fixed assets Plant. Property & Equlpment are capitalised at cost and are depreclated over their estimated useful economlc I￿e3 as follows.. Annual rale 20% R.B Fixtures, Fittings and equipment Land and Propertv P*4v Isul 2J Shade Debtors Trade ai)d oil)¢i dEbiow5 arE re(ogn15ed ai ihe seitlement amount dve after any Irajedtscouni olfered. Prepayments are valued It the amount Pre￿Id net of •nytrade dlscounts due. Cash at bank 4nd In hand C*sh at bank and cash in hand Intlud@% e•sh wwnln8 nf thp dop)sh orxlmllar account. k) Credltor5 and pro¥i51ons Creditor5 and provisions are reccenised where the charity has a present obl*tion resultin8 from a pasi event ihat will probably result in the iraThslef of funds to a thlrd party and the amount due to etile the obllgaiion can be measured or estimated reliabty. Credr¢ors and provisions are normal reccylsed ai ihelr settlement amount aftef allowin8 for anylr•Je discounts due. Fln•n¢l*l Instruments Basic financial in5trum•nts 1n1l5al￿ rtto8n15•d at tran£actlon ￿lu• and subs•qu•ftt￿ m••surad at their settlemeni value. ml Golng Concern The accounts are prepared on a 8oln8¢oncern basb there afe no materfal uncertainties about the chamies abllmi io continue Pa8e 16 of la Shade In¢ome from den•tlons and l•e•des 1025 2024 Oonation5 337.041 355,359 The chartty benefits greatty trom the Involvement and enthuslastlc support of its mary volunteers. details of whlch are 8fven In our annual report. In atcordance with FRS 102 and the Charlties SORP (FR5 1021, the economk contrI￿th)n of 8eneral yo￿nteets ts r+ot recognised In the LLVUnt5. InEome fTQffl ¢Mrlt•ble •ctMt*s 2025 2024 Income from charitable artfvltles 430,240 209,941 The charity runs a project named Al Rawda wlth the objectple of advancing IslamK education, wlth alm to Produ￿ educated, active members of society able to propa8ate authentic knowled8e derived Irom traditional source5 and apply them In a contemporary context by Providing Educational courses for youths and adutts alike. Income trom other tradlni •clhAtles 2025 2024 Income from other trading artlvitles 66.725 12.617 The Charity fa¢illtrxtp% liinArAl%in8 •￿At5 and sells books. Pa8e 17 of23 hado Analysis of expendlturo tsn th•rft•bl• adbvltl•s Staff costs Other Support T*)tsl 2025 Total 2024 Restdcted Funds Unrestrlcted Funds 553.840 35.9fy) 158.171 747,911 524.799 553.840 35,9 158.171 747.911 524.799 Analysis of st•ff Costs. Charlty rernuneradon •KI expense4 and key mana￿rnent personnel. 2024 Salarles and wa 553 380.548 No employees had emptytt befiefft5 more than £fAI,IXiI. penS￿n costs areallocaied to activities in proportion to the reloied staffin8 costs incurred. The key nién4ts¥rneiit yersvririel ul Ili¥ pdlent charlly, compflse ihe trumees and Ihe Chitf Exècutive Officer of Shade. P4¢ 18 of23 Shade Staff Numbers Tht avera8e Month￿ number of sl•ff wa5 20 st•ff ènd the aver•ge inonihty number of ful￿tIme oqulvalent employees (ln¢ludl￿ casual and part-tlme staffl durln8 the year were •s lollows: 2025 Number 2024 Number Admlnlstratlvtb. Teachln8 & Support st•ff ￿￿E) 17 Related party tfans4L¢d •¥*ts 2025 2024 Plant. Property and Eq￿pM1￿1 Cost At l July 2024 134,301 13%,383 131,029 3.272 At JI 21)25 45Z•.6 4,301 Oepreclailon At l July 2024 Charye lor the ye•r 111,470 4.566 105.762 5.708 Al 31 Auiusl 2025 116,036 111,470 Net bogk bwlue At 31 ¥tyJiust Zots 2,408.G48 22.831 At 31 Juty 2024 22,831 25,267 Pa8e 20 of 23 Shade 11. Oebtorj 2025 2024 Trade debtors Other Debtors 198,211 136,769 198,211 136,769 12. Cr•dltors: amounts falllni dye wlthln one year 2025 2024 Olh•r Crprtitnr% Dirertors Loan to the Charlty 16.430 7553 6,298 7.553 43.983 92.861 Pa8e li 0113 Shad(_' 13. Analy515 of ch•rlt•bl• funds 2025 Openln8 Balance Income Tr•nsl•rJ Expènditure B•l•nce Unrestrfrted In¢ome fvnd5: 53,157 1859.662) I7￿01 Restrlrted Income funds 59.966 834.IXJ6 1859,6621 34310 2024 Closinl balance OpeninR Balance Income I ransfers Expendrture Unrestficled income funds: 50,202 577.917 1574,9621 53.157 Restrfcted Income funds S7.011 577.917 1574.9621 59,966 Pa8e 22 pf 21 Shade End of Re Pa8e iaol