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2023-07-31-accounts

REGISTERED COMPANY NUMBER: 08615705 (England and Wales) REGISTERED CHARITY NUMBER: 1156537

Report of the Trustees and

Financial Statements for the Year Ended 31 July 2023

for

LIA RELIEF TRUST

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

LIA RELIEF TRUST

Contents of the Financial Statements FOR THE YEAR ENDED 31 JULY 2023

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 24

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Vision

LIA relief trust is a global charity working to transform the lives of people not only from our local community in the UK, but also from the poorest communities around the world. As a charity informed by broad Islamic values, we believe that all people are treasures through whom we can inspire a new, brighter future for all of our communities and our wider world.

The charities objectives are:

Financial

To relieve financial hardship, distress and suffering among poor people, victims of natural and man-made disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services, and facilities, including the establishment of food banks for the benefit of those in need.

Educational

To advance education for the benefit of the poor, the underprivileged and the public by means of, but not exclusively, the provision or the assistance in the provision of educational equipment and activities, and the provision of training and resources to schoolteachers in order to enhance their quality of teaching.

Health

To relieve sickness and to preserve good health among the poor, underprivileged and people in need by means of, but not exclusively, the provision or assistance in the provision of health education and the assistance in the research of treatments of diseases for the benefit of those in need.

Religious

To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, assistance in the provision of facilities for worship and Islamic education, in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad (PBUH).

Page 1

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

OBJECTIVES AND ACTIVITIES

Significant activities

The charity continues to receive high and effective levels of support and donations from the public as shown by the significant influx of donations received. The charity provides relief and executues development aid in disaster and conflict hit areas of the world, resulting in greater provision of emergency aid to the aggrieved people of the afflicted areas. The gross income this year was a total of £2.8 mil, compared to £1.8 mil last financial year (July 2022).

The charity continues to focus on various projects and aid programmes working alongside many renowned charities over the past year supporting not just causes locally but on a global level as follows

Country Projects/Services Details
Syria (Safe Zones) Construction Concrete shelters for the displaced
Mosques for new communities
LIA residential village for Internally Displaced People
(IDP's) - underway
Psychotherapy clinic for children affected by war and
Medical/Health suffering from trauma
Physiotherapy clinic for children and adults injured
during the conflict
Sponsorships Orphan sponsorships
Educational sponsorships for children to attend school
Sponsoring students to memorise the Qur'an
Food Aid Distribution of food packs to IDPs
Food assistance in Ramadan
Turkey / Syria Border Shelters/Winter/Food Shelters and home provisions for refugees
Winter packs containing fuel, blankets, heaters etc.
distributed to the needy
Food pack distributions throughout the year
Winter packs containing fuel, blankets, heaters etc
distributed to Syrian Refugees
Food bank provisions
Lebanon (Syrian Refugees) Food Aid Food packs for Syrian refugees
Food bank provisions
Lebanon (Palestinian Winter packs containing fuel, blankets, heaters etc.
Refugees) Winter Aid distributed to
Food Aid Food packs for Syrian refugees
Yemen Medical Sponsorship of a malnourishment treatment clinic
Food Aid Food pack distributions
Bread factory sponsorship
Freshly prepared hot meals for IDPs
Sponsorships Orphan sponsorships
Palestine / Gaza Medical Medicine supplies to hospitals
Health/Sanitation Providing water de-salinisation units
Food Aid Food pack distributions
Freshly prepared hot meals
Provisions for iftar in Ramadan
Winter packs containing fuel, blankets, heaters etc.
Winter Aid distributed to the needy
Livelihood project - planting olive trees to aid
Income Generation breadwinners earn a living for their families
Sponsorships Orphan sponsorships

Page 2

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

OBJECTIVES AND ACTIVITIES OBJECTIVES AND ACTIVITIES
Jordan (Palestinian Refugees) Shelters/Food Rebuilding homes for Palestinian refugees
Food aid for Palestinian refugees
Malawi Food Aid Food pack distributions
Provisions for iftar in Ramadan
Income Generation Providing a poor family with Goats to earn a livelihood
-Goat milk can be utilised, and surplus milk can be sold
to generate an income
-Families are taught how to look after the animals to
ensure successful reproduction
-Families will have long-term financial security through
the reproduction of the goats
Bangladesh (Locals) Education Support for schools and madrasahs
Madrasah construction, providing literacy provisions to
children
Support Imams and students in the madrasahs built by
the charity
Orphan Sponsorships
Food Aid Food pack distributions
Support poor imams and scholars
Freshly prepared hot meals
Financial Assistance Providing cash distribution to flood victims
Income Generation Boats for life project
-Provide a family with a Boat, Net, Life Jackets and
Training
Bangladesh (Rohingya
Refugee) Education Supporting schools and madrasahs
Madrasah construction, providing literacy provisions to
children
Supporting Imams and students in the madrasahs built
by the Charity
Food Aid Food pack distributions
Freshly prepared hot meals
Water Aid Water wells to provide access to clean drinking water
India Construction Building education centres for remote communities
Education Orphan Sponsorships
Medical Providing medicinal supplies to hospitals
Supplying hospitals with medical equipment,
ventilators etc.
Food Aid Food pack distributions
Freshly prepared hot meals
Provisions for iftar in Ramadan
Food packs to the vulnerable and elderly for COVID
related difficulties
Water wells to provide access to clean drinking water
Water Aid in Assam
Income Generation Sewing classes to empower women from poor families
Providing rickshaws for males from poor families
Goat milk can be utilised, and surplus milk can be sold
to generate an income
Pakistan Food Aid Food assistance in Ramadan
Water Aid Water wells to provide access to clean drinking water

Page 3

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

OBJECTIVES AND ACTIVITIES

Winter packs containing fuel, blankets, heaters etc
Winter distributed to the needy
Helping the homeless through temporary
United Kingdom Food/Shelter accommodation, clothing, and food
Helping the earthquake victims with temporary
Morroco Food Aid/Winter accomodation and food
Afghanistan Food Aid Food Pack Distribution

FINANCIAL REVIEW

Financial position

During the year the charity raised £2,909,705 (2022: £ 1,815,789) in direct donations from the general public to carry out the programmes mentioned above. During the year £2,707,413 (2022: £841,282) was expended on aid programmes.

The charity continues to work closely with a number of partner organisations in providing aid to those in need and, majority of the above expenditure was spent with these partner organisations.

As shown on page 11, £2,244,581 (2022: £ 1,590,072) were restricted funds raised for specific projects.

A percentage was raised with no restrictions and has been used for the administrative purpose of the charity. The income tax recoverable from Gift Aid, continues to provide the charity with sufficient funds to execute its charitable objectives.

Reserves policy

We aim to utilise the funds as is received within a year of obtaining them. Reserves are held for long-term projects and responding to emergencies and catastrophes.

At 31 July 2023, a large proportion of the reserves were earmarked for ongoing long-term projects and it should be noted that the projects now being delivered by the charity are for a longer term period, such as the orphan and education projects, constructions, water facilitation etc. which require reserves to be held over a longer period.

The unrestricted funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year. At the end of each financial year the trustees critically appraise this level and transfer any excess to where it is most needed in terms of aid.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The board of Trustees of the charity are responsible for the charity's strategic direction. The board of Trustees meet on a termly basis to discuss the activities of the charity.

The board of trustees is supported through the aid of volunteers who manage the daily running of the charity.

Related parties

The Charity has the following linked charities by virtue of common trustees:

Leicester Islamic Academy (Charity No. 702652)

The Leicester Islamic Academy Trust (Charity No. 1143373 / Company No. 7595563)

Page 4

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08615705 (England and Wales)

Registered Charity number

1156537

Registered office

320 London Road Leicester LE2 2PJ

Trustees

A Patas A Patel A Mahomed M Suleman M H Mukadam M A Makadam H Suleman I Desai

Auditors

SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of LIA Relief Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 5

LIA RELIEF TRUST

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

AUDITORS

The auditors, SKM Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

M A Makadam - Trustee

Page 6

Report of the Independent Auditors to the Members of LIA Relief Trust

Opinion

We have audited the financial statements of LIA Relief Trust (the 'charitable company') for the year ended 31 July 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 17 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 7

Report of the Independent Auditors to the Members of LIA Relief Trust

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

Report of the Independent Auditors to the Members of LIA Relief Trust

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

This description forms part of our auditor's report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page 9

Report of the Independent Auditors to the Members of LIA Relief Trust

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shamim Mahomed (Senior Statutory Auditor) for and on behalf of SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU

Date: .............................................

Page 10

LIA RELIEF TRUST

Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other income
Total
EXPENDITURE ON
Raising funds
3
Charitable activities
4
Donations
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
665,124
5,000
670,124
50,048
169,812
1,455
221,315
448,809
357,440
806,249		 Restricted
fund
£
2,244,581
-
2,244,581
-
2,537,601
-
2,537,601
(293,020)
1,513,387
1,220,367		 2023
Total
funds
£
2,909,705
5,000
2,914,705
50,048
2,707,413
1,455
2,758,916
155,789
1,870,827
2,026,616		 2022
Total
funds
£
1,815,789
-
1,815,789
55,703
841,282
781
897,766
918,023
952,804
1,870,827

The notes form part of these financial statements

Page 11

LIA RELIEF TRUST

Balance Sheet 31 JULY 2023

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Investments
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
2,955
86,210
349,949
377,020
813,179
(9,885)
803,294
806,249
806,249		 Restricted
fund
£
-
-
-
1,220,367
1,220,367
-
1,220,367
1,220,367
1,220,367		 2023
Total
funds
£
2,955
86,210
349,949
1,597,387
2,033,546
(9,885)
2,023,661
2,026,616
2,026,616
806,249
1,220,367
2,026,616		 2022
Total
funds
£
1,586
10,067
100,000
1,765,245
1,875,312
(6,071)
1,869,241
1,870,827
1,870,827
357,440
1,513,387
1,870,827

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. H Suleman - Trustee

The notes form part of these financial statements

Page 12

LIA RELIEF TRUST

Cash Flow Statement FOR THE YEAR ENDED 31 JULY 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Tax paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Current Asset Investment
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
£
82,227
2,688
84,915
(2,824)
(249,949)
(252,773)
(167,858)
1,765,245
1,597,387		 2022
£
919,047
(2,688)
916,359
(1,750)
(100,000)
(101,750)
814,609
950,636
1,765,245

The notes form part of these financial statements

Page 13

LIA RELIEF TRUST

Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 JULY 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 155,789 918,023
Adjustments for:
Depreciation charges 1,455 781
(Increase)/decrease in debtors (78,831) 11,346
Increase/(decrease) in creditors 3,814 (11,103)
Net cash provided by operations 82,227 919,047
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/8/22 Cash flow At 31/7/23
£ £ £
Net cash
Cash at bank 1,765,245 (167,858) 1,597,387
1,765,245 (167,858) 1,597,387
Liquid resources
Deposits included in cash - - -
Current asset investments 100,000 249,949 349,949
100,000 249,949 349,949
Total 1,865,245 82,091 1,947,336

The notes form part of these financial statements

Page 14

LIA RELIEF TRUST

Notes to the Financial Statements FOR THE YEAR ENDED 31 JULY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Charity meets the definition of a public 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).

The functional currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates. The financial statements are also presented in pounds sterling, The amounts in the financial statements are presented to the nearest £1, unless otherwise stated.

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the charity's accounting policies. There are no significant areas requiring material judgements, estimates or assumptions.

Going Concern

The Trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Financial Review.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies: This comprises all incoming resources from donations collected directly or by volunteers and income from fundraising events during the year. Gift Aid tax recoverable under the Gift Aid Scheme is recognised where there is an entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Where a claim for repayment of income tax has been or will be made, such income is included in the debtors ’ amount if still not received by the year end.

Investment income: This comprises income generated by cash on deposits held by the charity. Profit on funds held on deposit is included in the SOFA when receivable and the amount can be measured reliably; this is normally upon notif ication of the profit paid or payable by the bank.

The value of services provided by volunteers is difficult to put a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102).

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis.

Expenditure is classified under the following activity headings:

Charitable activities: Costs associated with the provision of emergency relief, development and longer term rehabilitation program mes as elaborated on in the Trustees’ Report. These include both direct charitable

Page 15

continued...

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

1. ACCOUNTING POLICIES - continued

Expenditure

expenditure, grants payable and support costs relating to these activities. Grants payable to other organisations for relief projects are included in the SOFA when approved by the trustees and agreed with the other organisation.

Support costs: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs for a single activity are allocated to the particular activity where the cost relates directly to that activity. However, Support costs that represent the support functions of management, finance, human resources, IT and support departments attributable to the management of the Charity's assets, are allocated in proportion to the type of charitable activity during the period. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.

Governance costs: These are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. Governance support costs are allocated on the basis of support activities provided on clear ly interpreted governance matters.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment - 33% RB Computer Equipment - 33% RB

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 16

continued...

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid		 2023
£
2,597,265
312,440
2,909,705		 2022
£
1,647,374
168,415
1,815,789

3. RAISING FUNDS

Raising donations and legacies

Advertising
Fundraising Events
Bank Charges
4.
CHARITABLE ACTIVITIES COSTS
Donations
5.
GRANTS PAYABLE
Donations		 Direct
Costs
£
128,437		 Grant
funding of
activities
(see note
5)
£
2,537,601		 2023
£
12,845
25,398
11,805
50,048
Support
costs (see
note 6)
£
41,375
2023
£
2,537,601		 2022
£
22,138
21,634
11,931
55,703
Totals
£
2,707,413		 2022
£
22,138
21,634
11,931
55,703
2022
£
722,805

Total grants payable to institutions for various relief and support programmes was £2,537,601.

6. SUPPORT COSTS

Governance
Other costs Totals
£ £ £
Donations 23,655 17,720 41,375

continued...

Page 17

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Auditors' remuneration 3,300 3,300
Accountancy 4,399 2,820
Depreciation - owned assets 1,455 781
Other operating leases 14,775 8,800

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.

9. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Administrative Staff
No employees received emoluments in excess of £60,000.
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
225,717
EXPENDITURE ON
Raising funds
55,703
Charitable activities
Donations
118,477
Other
781
Total
174,961		 2023
£
86,784
937
87,721
2023
6
Restricted
fund
£
1,590,072
-
722,805
-
722,805		 2022
£
58,558
(18)
58,540
2022
5
Total
funds
£
1,815,789
55,703
841,282
781
897,766

continued...

Page 18

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
NET INCOME
50,756
867,267
RECONCILIATION OF FUNDS
Total funds brought forward
306,684
646,120
TOTAL FUNDS CARRIED FORWARD
357,440
1,513,387
11.
TANGIBLE FIXED ASSETS
Computer
Office
Equipment
Equipment
£
£
COST
At 1 August 2022
-
2,671
Additions
2,424
400
At 31 July 2023
2,424
3,071
DEPRECIATION
At 1 August 2022
-
1,085
Charge for year
800
655
At 31 July 2023
800
1,740
NET BOOK VALUE
At 31 July 2023
1,624
1,331
At 31 July 2022
-
1,586
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other debtors
86,210
PAYE
-
86,210		 Total
funds
£
918,023
952,804		 Total
funds
£
918,023
952,804
1,870,827
Totals
£
2,671
2,824
5,495
1,085
1,455
2,540
2,955
1,586
2022
£
7,379
2,688
10,067

continued...

Page 19

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

13.
CURRENT ASSET INVESTMENTS
Unlisted investments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Accrued expenses
15.
MOVEMENT IN FUNDS
At 1/8/22
£
Unrestricted funds
General fund
357,440
Restricted funds
Restricted Funds
1,513,387
TOTAL FUNDS
1,870,827
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
670,124
Restricted funds
Restricted Funds
2,244,581
TOTAL FUNDS
2,914,705		 2023
£
349,949
2023
£
1
2,700
627
5,280
1,277
9,885
Net
movement
in funds
£
448,809
(293,020)
155,789
Resources
expended
£
(221,315)
(2,537,601 )
(2,758,916 )		 2022
£
100,000
2022
£
660
-
131
5,280
-
6,071
At
31/7/23
£
806,249
1,220,367
2,026,616
Movement
in funds
£
448,809
(293,020)
155,789

continued...

Page 20

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/8/21
£
Unrestricted funds
General fund
306,684
Restricted funds
Restricted Funds
646,120
TOTAL FUNDS
952,804
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
225,717
Restricted funds
Restricted Funds
1,590,072
TOTAL FUNDS
1,815,789		 Net
movement
in funds
£
50,756
867,267
918,023
Resources
expended
£
(174,961)
(722,805)
(897,766)		 At
31/7/22
£
357,440
1,513,387
1,870,827
Movement
in funds
£
50,756
867,267
918,023

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 At 1/8/21
£
306,684
646,120
952,804		 Net
movement
in funds
£
499,565
574,247
1,073,812		 At
31/7/23
£
806,249
1,220,367
2,026,616

continued...

Page 21

LIA RELIEF TRUST

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
895,841
3,834,653
4,730,494		 Resources
expended
£
(396,276)
(3,260,406 )
(3,656,682 )		 Movement
in funds
£
499,565
574,247
1,073,812

16. RELATED PARTY DISCLOSURES

The Charity has the following linked charities by virtue of common trustees:

Leicester Islamic Academy (Charity No. 702652)

The Leicester Islamic Academy Trust (Charity No. 1143373 / Company No. 7595563)

17. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

Page 22

LIA RELIEF TRUST

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other income
Rent Received
Total incoming resources
EXPENDITURE
Raising donations and legacies
Advertising
Fundraising Events
Bank Charges
Charitable activities
Wages
Pensions
Rent
Insurance
Telephone
Postage and stationery
Sundries
Office Admin Costs
Bank Charges
IT Costs
Repairs and Maintenance
Subscriptions
Training
Grants to institutions
Other
Fixtures and fittings
Office equipment
Support costs		 2023
£
2,597,265
312,440
2,909,705
5,000
2,914,705
12,845
25,398
11,805
50,048
86,784
937
14,775
77
1,540
3,540
2,471
4,637
2,090
4,239
2,258
2,646
2,443
2,537,601
2,666,038
800
655
1,455		 2022
£
1,647,374
168,415
1,815,789
-
1,815,789
22,138
21,634
11,931
55,703
58,558
(18)
8,800
329
1,503
522
252
4,683
2,201
4,100
1,048
2,755
-
722,805
807,538
-
781
781

This page does not form part of the statutory financial statements

Page 23

LIA RELIEF TRUST

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2023

Support costs
Other
Travel & Subsistence
Governance costs
Auditors' remuneration
Accountancy
Consultancy Fees
Total resources expended
Net income		 2023
£
23,655
3,300
4,399
10,021
17,720
2,758,916
155,789		 2022
£
7,461
3,300
2,820
20,163
26,283
897,766
918,023

This page does not form part of the statutory financial statements

Page 24