Company Registration Number - 08751093
The Charity Registration Number is :- 1157472
Ilyas Trust Limited by Guarantee
Report and Accounts
31 October 2025
## **Ilyas Trust Limited by Guarantee**
## **Report and accounts for the year ended 31 October 2025**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||2|
|**Statement of directors' responsibilities**||6|
|**Examiner's Report**||8|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||10|
|Statement of Financial Activities - Prior Year statement||11|
|Statement of total recognised gains and losses||12|
|Movements in funds||12|
|Revaluation reserves||12|
|Revenue Funds||12|
|Fixed Asset funds||12|
|Income and Expenditure account||12|
|Summary of funds||12|
|**Balance sheet**||14|
|**Cash flow statement**||16|
|**Notes to the accounts**||18|
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
The Trustees present their Report and Accounts for the year ended 31 October 2025, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Ilyas Trust Limited by Guarantee
The charity is also known by its operating name, N/A
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1157472
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
1
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
**The principal operating address, telephone number, email and web addresses of the charity are:-**
11 Membury Road Birmingham B8 1QN
Telephone : 0121 688 1515 Email: ilyastrust@gmail.com Website: www.ilyastrust.org.uk
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
**The Trustees in office on the date the report was approved were:-**
M Arshad M Harris M Anwar
**The following persons served as Trustees during the year ended 31 October 2025 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
M Arshad M Harris M Anwar
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The charity's objects and principal activities as set out in the memorandum and article of association continue to advance the education of children in Pakistan in particular but not exclusively by the establishment and running of a school.
## _**The main activities undertaken in relation to those purposes during the year.**_
The charity main objective is to provide free education to children aged 7-16 years. The school has now been constructed in Pakistan in the area Okara. The charity has now appointed Ilyas Education Foundation in Pakistan to lead with the day to day operations of the schools. The head teacher has now been appointed, and the school will continue to run as facility to educated children, in English, Maths and Arabic lessons from the most deprived backgrounds.
2
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The main objective for this year was raise more awareness amongst the public in the United Kingdom for the collection of donations. The charity has raised awareness with the member of public by attending free events and participating in events in order to receive more donations.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity in E&W.
## _**The short term and longer term aims and objectives.**_
The Development Plan of the running of a school is reviewed on an annual basis. The Board of Trustee held a meeting on 31 October 2025 to consider its current scale of operations of the school. The Board of Trustee are currently satisfied with the progress of school. The current year donations have helped complete the construction of the school and the first stages of now running lessons from the schools providing children with education facilities as well as equipping them with uniform, school books and stationery.
## _**How the activities undertaken during the year contributed to the achievement of the aims and objectives.**_
The charity will continue to raise awareness of its objectives by attending and participating in more events to fund raise further. Ilyas Trust has focus on raising funds from individuals who have been committed over the years and are now have completed the major construction work due to the donations received. The school is now fully operational, although certain areas are being upgraded, to provide education and resources for the children from the local disadvantage area.
## _**Resources used in the activities undertaken during the year.**_
The building work of the school has now been completed in Pakistan for the development of a school as set out in the initial objectives. The school is now fully operational and teachers are now employed in Pakistan to continue with teaching activities of the school.
## _**Social investment policies and how these contributed to the achievement of charity's aims and objectives during the year.**_
The charity does not hold investments and therefore has no formal investment policy.
## _**The contribution of volunteers during the year.**_
3
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
The Board of Trustees continued to make a significant voluntary contribution to the governance and strategic direction of the charity during the year. In addition, Mr M Arshad was employed on a part-time basis to undertake the day-to-day operational management of the charity. His employment duties were separate from his responsibilities as a trustee, and his remuneration was approved by the independent trustees in accordance with the charity's Articles of Association.
## _**Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.**_
There are no grant making policies in place and therefore no contributions have received.
## **The main achievements and performance of the charity during the year.**
The charity main objective is to build a school in Pakistan in order educate deprived children in a place in Okara in Pakistan. The work has now been complete and the school is in operational.
## _**Fundraising activities during the year.**_
The fundraising activity has consisted of donations from individuals, mosque, community centres and by local businesses.
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
The charity was committed to build a school which has now been completed. The charity will continue to maintain the running of the school for the deprived children aged 7-16 years in a place in Okara in Pakistan. The beneficiaries are the children who have now given the opportunity to be educated in the school.
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
Fund raising has been quite successful for the year and the Board of Trustees will look for further directions on fundraising on a larger scale.
## _**The significant charitable activities undertaken in the year.**_
4
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
The charity has participated in free events in order raise awareness of the objective of the charity. The Board of Trustees will be looking to broadcast their charity to raise awareness of the cause.
## _**How the achievements during the year measure up to the objectives set.**_
The charity has now met is objective, i.e. building a school and now will focus on the cost of running the school, i.e. teaching costs and resources for the school to provide a solid education support to the school for the children.
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## _**Expenditure incurred in the year in order to raise income in the future.**_
The Charity has expended towards travel costs associated with raising funds.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The Board of Trustees have the right to appoint a new charity trustee based on unanimous votes obtained by the current Board of Trustees.
## _**The trustees' bankers and advisors**_
Bankers Barclays Bank, Leicester. SME Outsourcing, Suite 5, The Cloisters, 11-12 George Road, Birmingham, B15 Accountants 1NP
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 October 2025**_
The financial position of the charity at 31 October 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Designated Revenue Funds
Designated Fixed Asset Funds
**_Total Unrestricted Funds_**
Unrestricted revaluation reserve
**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2025**
**£**
6,699
-
-
-
**6,699**|**2024**
**£**
13,186
-
-
-
**13,186**|
|---|---|---|
5
## **Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
|Restricted Revenue Funds
Restricted Fixed Asset Funds
**_Total Restricted Funds_**
**Total Funds**
Restricted revaluation reserve|-
-
-
-
6,699|-
-
-
-
13,186|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 October 2025**_
The trustees consider the financial performance by the charity during the year to have been satisfactory. The costs construction of the building has been capitalised under fixed assets.
## _**Availability and adequacy of assets of each of the funds**_
The Board of Trustees are satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## _**Plans For the Future**_
## **Summary of plans for the future and the trustees' perspective of the future direction of the charity.**
The Charity's long term goals and objectives was to ensure that the school in Pakistan is built and regular donations are received by the Charity in order to support the day to day running of the school for the benefit of the deprived children who will be privileged to be educated to further their opportunities for their future working careers. The Charity will continue to fund the runnings costs for the school.
## **Employment of disabled persons**
Ilyas Trust has not employed any staff member but will be looking into recruitment when the school has been built. Ilyas Trust will be encouraging the promotion of disability persons employment for the School.
## **Statement of the Directors' and Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102)).
Company law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including its income and expenditure, for that period.
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**Ilyas Trust Limited by Guarantee**
Company Registration Number - 08751093
## **Trustees' Annual Report for the year ended 31 October 2025**
In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material
- departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They 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.
The Trustees are also responsible for the contents of the Trustees' report, and the accountant preparing the accounts has no responsibilities in relation to the Trustees' report.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 12 to 20.
The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102)).
The charity constitutes a public benefit entity as defined by FRS 102.
These financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 1 July 2026.
Mohammad Arshad Director and Trustee
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## **Report of the Independent Examiner to the trustees**
## **on the accounts of the Charity for the year ended 31 October 2025**
I report on the financial statements of the charity for the year ended 31 October 2025, which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes to the financial statements. The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102)), under the historical cost convention and the accounting policies set out on pages 18 to 20.
## **Respective responsibilities of trustees and examiner**
As described on page 6, the charity's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees consider that the charity is exempt from the statutory audit requirement under section 144 of the Charities Act 2011 and that the company is entitled to the audit exemption available to small companies under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006, and there is no requirement within the charity's governing document for the financial statements to be audited.
Accordingly, the trustees have elected for the financial statements to be subject to an independent examination.
Having satisfied myself that the charity is eligible for independent examination and is not required to be audited under the Charities Act 2011 or the Companies Act 2006, my responsibility is to:
a) examine the financial statements under section 145 of the Charities Act 2011;
b) follow the procedures prescribed in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011; and
c) state whether any matters have come to my attention that give me cause to believe that, in any material respect:
accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
## **Independent Examiner's Statement, report and opinion**
I conducted my independent examination in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. An independent examination includes a review of the accounting records maintained by the charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters.
The purpose of an independent examination is to establish whether there is any evidence to suggest that the charity has failed to comply with the applicable legal and accounting requirements or whether there are any material matters that should be brought to the attention of readers of the financial statements. The examination is carried out on a test basis and does not provide the assurance that would be obtained from an audit.
The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently, no audit has been carried out and I do not express an audit opinion on the financial statements or on whether they give a true and fair view of the charity's affairs.
I planned and performed the examination so as to obtain sufficient appropriate evidence to enable me to form my conclusion. Before finalising my report, I obtained such written representations and explanations from the trustees as
8
conclusion. Before finalising my report, I obtained such written representations and explanations from the trustees as I considered necessary in the circumstances.
Subject to the limitations upon the scope of my work described above, I confirm that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that, in any material respect:
(i) adequate accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
(ii) the financial statements do not accord with the accounting records or fail to comply with the accounting requirements of the Companies Act 2006 applicable to small charitable companies; or
(iii) the financial statements have not been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102).
Accordingly, I have no matters to report arising from my independent examination.
I confirm that the charity is eligible for independent examination under the Charities Act 2011 and that the company is entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit under section 476 of the Companies Act 2006.
## **Signed:-**
**A Hussain** Accountant SME Outsourcing Suite 5, The Cloisters 11-12 George Road Birmingham B15 1NP
This report was signed on 1 July 2026
9
**Ilyas Trust Limited by Guarantee - Statement of Financial Activities for the year ended 31 October 2025**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 October 2025, as required by the Companies Act 2006)**_
|A1
B2
**B**
**E**
**SORP**
**Ref**
**Income & Endowments from:**
Donations & Legacies
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income for the year**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
29,384
26,050
**26,050**
**(1,681)**
**65,393**
**63,712**
|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**
**-**
**-**
**-**|**Current year**
**Total Funds**
**2025**
**£**
**29,384**
**26,050**
**26,050**
**(1,681)**
**65,393**
**63,712**|**Prior Year**
**Total Funds**
**2024**
**£**
32,838
23,474
**23,474**
**9,364**
**56,029**
**65,393**|
|---|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
## **The notes attached on pages 19 to 20 form an integral part of these accounts.**
**----- Start of picture text -----**
Prior Year Prior Year Prior Year
SORP
Ref Unrestricted Restricted Total Funds
Funds Funds
2024 2024 2024
£ £ £
Income from:
Donations & Legacies A1 - - 32,838
**----- End of picture text -----**
10
## **Ilyas Trust Limited by Guarantee - Statement of Financial Activities for the year ended 31 October 2025**
|**Total income**
**A**
-
**Expenditure on:**
Charitable activities
B2
-
**Total expenditure**
**B**
**-**
**Net income for the year**
-
**Net income after transfers**
-
**-**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
56,029
**Total funds carried forward**
**65,393**
**All activities derive from continuing operations**
**Net movement in funds**|-
-
**-**
-
-
**-**
-
**-**|32,838
**3,000**
**29,838**
**18,792**
18,792
**18,792**
**56,029**
**65,393**|
|---|---|---|
## **Ilyas Trust Limited by Guarantee - Resources applied in the year ended 31 October 2025 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
**Net resources available to fund charitable activities**|**2025**
**£**
18,214
10,821
**29,035**|**2024**
**£**
11,046
15,479
**26,525**|
|---|---|---|
**The resources applied on fixed assets for charity use represents the cost of additions.**
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
## **Movements in revenue and capital funds for the year ended 31 October 2025**
## **Revenue accumulated funds**
|Accumulated funds brought forward
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2025**
**£**
65,393
(1681)
**63,712**|**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**Total**
**Funds**
**2025**
**£**
65,393
(1,681)
**63,712**|**Last year**
**Total Funds**
**2024**
**£**
**56,029**
9,364
**65,393**|
|---|---|---|---|---|
11
**Ilyas Trust Limited by Guarantee - Statement of Financial Activities for the year ended 31 October 2025**
|**Closing revenue funds**
**Summary of funds**
Revenue accumulated funds|**63,712**
**-**
**Unrestricted**
**Restricted**
**and**
**Funds**
**Designated funds**
**2025**
**2025**
**£**
**£**
63,712
-|**63,712**
**Total**
**Funds**
**2025**
**£**
63,712|**65,393**
**Last Year**
**Total Funds**
**2024**
**£**
65,393|
|---|---|---|---|
## **The notes attached on pages 19 to 20 form an integral part of these accounts.**
## **Ilyas Trust Limited by Guarantee**
## **Income and Expenditure Account for the year ended 31 October 2025 as required by the Companies Act 2006**
|**_Income_**
Income from operations
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
**Net income before tax in the financial year**Tax on surplus on
ordinary activities
**Net income after tax in the financial yearRetained surplus/(loss)**
**for the financial year**
Investment income|**2025**
**£**
29,384
**29,384**
**29,384**
**18,834**
**6,014**
**1,202**
-
**26,050**
(£1,681)
-
**(£1,681)**
**£1,681)**
(|**2024**
**£**
32,838
**32,838**
**32,838**
**16,460**
**6,014**
**1,000**
-
**23,474**
9,364
-
**9,364**
**9,364**|
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
12
**Ilyas Trust Limited by Guarantee - Statement of Financial Activities for the year ended 31 October 2025**
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
13
## **Ilyas Trust Limited by Guarantee - Balance Sheet as at 31 October 2025**
|Note
**SORP**
**Ref**
**2025**
**£**
**Fixed assets**
A
Tangible assets
9
A2
57,012
**Current assets**
B
Cash at bank and in hand
B4
9,702
14,306
**Net current assets**
6,699
**The total net assets of the charity**
63,711
**Restricted funds**
Restricted Revenue Funds
11
D2
-
**Unrestricted Funds**
Unrestricted Revenue Funds
11
D3
63,712
**Designated Funds**
**Total charity funds**
63,712
**The total net assets of the charity are funded by the funds of the charity, as follows:-**
**There are no unanalysed prior period funds**|**2024**
**£**
52,206
13,187
65,393
-
65,393
65,393|
|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
14
## **Ilyas Trust Limited by Guarantee - Balance Sheet as at 31 October 2025**
Mohammad Arshad Trustee Approved by the board of trustees on 1 July 2026
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
15
## **Ilyas Trust Limited by Guarantee**
## **Cash Flow Statement for the year ended 31 October 2025**
|**Cash flows from operating activities**
Net cash provided by operating activities as shown below
**A**
**_Cash flows from investing activities_**
Purchase of property, plant and equipment
**_Cash flows from financing activities_**|**2025**
**£**
20,523
(10,821)|**2024**
**£**
29,785
(15,479)|
|---|---|---|
||||
|**Overall cash provided by all activities**
**Cash movements**
Change in cash and cash equivalents from activities in the
year ended 31 October 2025
Cash and cash equivalents at 1 November 2024
**Cash at bank and in hand less overdrafts at 31 October**
**A+B+C**|**9,702**
(4,604)
14,306
**9,702**|**14,306**
316
13,990
**14,306**|
16
## **Ilyas Trust Limited by Guarantee**
## **Cash Flow Statement for the year ended 31 October 2025**
## **Reconciliation of net income to net cash flow from operating activities**
|Net income as shown in the Statement of Financial Activities
**_Adjustments for :-_**
Depreciation charges
**Net cash provided by operating activities**
**A**
**Analysis of cash and cash equivalents**
Cash in hand at for the year ended 31 October 2025
**Total cash and cash equivalents**|4,334
6,015
**12,233**
**2025**
**£**
9,702
**9,702**|11,046
6,014
**17,060**
**2024**
**£**
14,306
**14,306**|
|---|---|---|
17
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The financial statements have been prepared on the accruals basis under the historical cost convention and in accordance with the Charities Act 2011, the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102)).
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared on a going concern basis. The trustees consider that there are no material uncertainties regarding the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
The charity has made its risk assessment as outlined in the initial business plan which is available from the Board of Trustees.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Income comprises voluntary donations received in furtherance of the charity's objectives. Donations are recognised when the charity is entitled to the funds, receipt is probable and the amount can be measured reliably.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 5.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
18
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
Freehold premises 2 % straight line Leasehold premises 2 % straight line Plant and machinery 33 % straight line Motor vehicles 25 % straight line
## **Tangible Fixed Assets**
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset, less its estimated residual value, over its expected useful economic life on a straight-line basis as follows:
The trustees review the estimated useful economic lives, residual values and depreciation methods of tangible fixed assets at each reporting date and adjust them where appropriate.
The trustees also review the carrying value of tangible fixed assets annually to determine whether there is any indication of impairment. Where such an indication exists, the recoverable amount of the asset is estimated and any impairment loss is recognised in the Statement of Financial Activities.
## **Accounting for capital grants and fixed asset funds**
Capital grants and donated fixed assets are recognised when the charity is entitled to the asset or grant, it is probable that the economic benefits will be received, and the value can be measured reliably.
Fixed assets are recognised at cost or, where donated, at their fair value on receipt. Where assets are subject to donorimposed restrictions, the related funds are treated as restricted funds until the restrictions have been fulfilled. Fixed assets are subsequently measured in accordance with the charity's accounting policy for tangible fixed assets.
## **Creditors and provisions**
The creditors and provisions for liabilities and charges are recognised and measured from the amounts as recorded at the balance sheet date.
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There are no restricted funds in place.
19
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
## **2 Liability to taxation**
The charity is a registered charity and is therefore entitled to exemption from corporation tax on income and gains properly applied for its charitable purposes, in accordance with the provisions of the Corporation Tax Act 2010 and the Taxation of Chargeable Gains Act 1992.
Irrecoverable Value Added Tax (VAT) is included within the relevant expenditure in the Statement of Financial Activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
The charity has no significant financial instruments requiring separate disclosur
## **5 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are ___-difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The ___-volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
## **6 Staff costs and emoluments**
Other than the remuneration paid to one director in respect of operational duties, there were no other staff costs or __--employee emoluments during the year.
## **7 Defined contribution pension schemes**
The charity does not current operate a defined contribution pension scheme.
20
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
## **8 Remuneration and payments to Trustees and persons connected with them**
During the year, one trustee, Mr M Arshad, received remuneration in his capacity as Part-Time Operations Manager for undertaking the day-to-day operational management and administration of the charity.
The appointment and remuneration were approved by the independent trustees on 31 March 2022 in accordance with the charity's Articles of Association. Mr M Arshad declared his interest, withdrew from the meeting during the discussion and approval of his remuneration, and took no part in the decision-making process.
The duties performed under the employment arrangement were separate from Mr M Arshad's responsibilities as a trustee.
The remuneration paid during the year amounted to £9,600 (2024: £9,600).
No employer pension contributions were paid in respect of this employment.
No other trustee received remuneration during the yea
## **9 Tangible fixed assets**
|**Cost**
Additions
**At 31 October 2025**
**Depreciation**
Charge for the year
**At 31 October 2025**
**Net book value**
At 31 October 2025|**Land and**
**Buildings**
£
-
**42,742**
855
**1,710**
**41,032**|**Plant &**
**Machinery**
£
-
**26,300**
5,160
**10,320**
**15,980**|**Motor**
**Vehicles**
£
-
**-**
-
**-**
**-**|**Total**
£
-
**69,042**
6,015
**12,030**
**57,012**|
|---|---|---|---|---|
## **10 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 October 2025**
Tangible Fixed Assets
Current Assets
**At 1 November 2024**
Fixed asset investments|**Unrestricted**
**funds**
**£**
57,012
9,702
**63,711**
**Unrestricted**
**funds**
**£**
-|**Designated**
**funds**
**£**
-
**-**
**Designated**
**funds**
**£**
-|**Restricted**
**funds**
**£**
-
-
**-**
**Restricted**
**funds**
**£**
-|**Total**
**Funds**
**£**
**57,012**
**9,702**
**63,711**
**Total**
**Funds**
**£**
**-**|
|---|---|---|---|---|
21
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
|Programme related investments|-|-|-|**-**|
|---|---|---|---|---|
|Current Assets|5,356|-|-|**5,356**|
|Current Liabilities|(1,119)|-|-|**(1,119)**|
|Long Term Liabilities|-|-|-|**-**|
|Pension Asset/Liability|-|-||**-**|
|Provisions for liabilities and charges|-|-|-|**-**|
## **11 Change in total funds over the year as shown in Note 10 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
Designated Revenue Funds
Designated Fixed Asset Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
**Total restricted funds**
**Total charity funds**
**Analysis of movements in funds over the year**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds|**See Note 12**
**£**
**£**
66,550
4,334
-
-
-
-
-
-
**66,550**
**4,334**
**-**
**-**
**66,550**
**4,334**
**as shown in Note 11**
**Income**
**Expenditure**
**2025**
**2025**
**£**
**£**
**29,384**
**(25,050)**
**Funds brought**
**forward from**
**2024**
**Movement in**
**funds in 2025**|**See Note 0**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Other**
**Gains &**
**Losses**
**2025**
**£**
**-**
**Transfers**
**between**
**funds in 2025**|**£**
**70,884**
**-**
**-**
**-**
**70,884**
**-**
**70,884**
**Movement**
**in funds**
**2025**
**£**
**4,334**
**Funds carried forward**
**to 2026**|
|---|---|---|---|
## **12 Analysis of movements in funds over the year as shown in Note 11**
## **13 The purposes for which the funds as detailed in note 11 are held by the charity are:-**
## _**Unrestricted and designated funds:-**_
Unrestricted Revenue Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
22
## **Ilyas Trust Limited by Guarantee**
## **Notes to the Accounts for the year ended 31 October 2025**
Unrestricted Revaluation Reserve
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
Designated Revenue Funds Currently there are no designated funds. The purpose of these funds is described under the accounting policy Designated Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'.
## **14 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
23
## **Ilyas Trust Limited by Guarantee**
## **Activity analysis of Income and expenditure for the for the year ended 31 October 2025**
_**This analysis is classsified by activity and not by conventional nominal descriptions.**_
|**35 **|**Analysis of income by activity**||||
|---|---|---|---|---|
|||**SOFA ref**|**2025**|**2024**|
||||**£**|**-**|
||**Activity**||||
||**_Summary of Total Income, including the items above_**||||
||Donations & Legacies|**A1**|29,384|32,838|
||**_Categories of income_**||||
||Income from exchange transactions||29,384|32,838|
## **36 Analysis of charitable expenditure by activity**
|B2. Volunteer costs
B3. Premises Expenses
B4. Administrative overheads
B6. Financial costs
Total Governance costs as detailed in
Note 33
**Total charitable expenditure**
**Summary of charitable costs by**
**activity**
**Activity**|**Direct**
**costs**
**2025**
**£**
-
**-**|**Support**
**costs**
**2025**
**£**
1,000
**1,000**|**Grant**
**funding of**
**activities**
**2025**
**£**
-
**-**|**Total**
**2025**
**£**
1,000
643
-
2,004
6,015
**32,065**|**Total**
**2024**
**£**
663
-
447
-
**1,110**|
|---|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies
The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 34
## **Analysis of support and governance costs by charitable activities**
||**Governance**|**Finance**||**Human**|**Other**|**Total**|
|---|---|---|---|---|---|---|
|||||**Resources**|**Overheads**||
|**Activity**|||||||
||||-|-|2,647|2,647|
24
## **Ilyas Trust Limited by Guarantee**
|**Activity analysis of Income and expenditure for the for the year ended 31 October 2025**
**_Governance costs_**
**Governance**
**costs**
**2025**
**£**
Other Expenditure - Governance costs as detailed in Note 33
1,000|**Governance**
**costs**
**2024**
**£**
663|
|---|---|
25
## **Ilyas Trust Limited by Guarantee**
**Detailed analysis of income and expenditure for the year ended 31 October 2025 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **31 Donations and Legacies**
|**Total Donations and Legacies**
**A1**
**32**
**_Administrative overheads_**
**_Financial costs_**
**Support costs before reallocation**
**Total support costs**
Depreciation & Amortisation in total for the
**Support costs for charitable activities**
Software licences and expenses
Stationery and printing
Advertising and marketing
**Total donations and gifts from individuals**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
**29,384**
**29,384**
**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
-
-
2,004
-
**25,050**
**25,050**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
**-**
**-**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
-
-
**-**
**-**|**Current year**
**Total Funds**
**2025**
**£**
**29,384**
**29,384**
**Current year**
**Total Funds**
**2025**
**£**
**-**
**-**
**2,004**
**-**
**25,050**
**25,050**|**Prior Year**
**Total Funds**
**2024**
**£**
**34,520**
**34,520**
**Prior Year**
**Total Funds**
**2024**
**£**
-
72
375
6,014
**23,474**
**23,474**|
|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies
## **33 Other Expenditure - Governance costs**
|Reporting Accountant fees
Trustees' indemnity insurance
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
1,000
-
**1,000**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
**1,000**
**-**
**1,000**|**Prior Year**
**Total Funds**
**2024**
**£**
663
-
**663**|
|---|---|---|---|---|
26