Trustees report financial year ending 31[st] March 2021 Given the prolonged lockdown during the financial year, a significant amount of our community engagement and training was to continue to deliver and expand on last year’s public workshops that addressed cultural capital and social integration via online platforms and virtual seminars. We replicated last year’s successful seminars on female empowerment and access into public and professional spaces. Our private seminars addressed modern challenges faced by religious leaders, as well as developing constructive narratives around science, technology and education. We brought together an understanding of faith as a progressive enabler in the modern world and emphasized the role of reason and rationality. These seminars brought together young Muslims to offer vocational for the important challenges facing young people in work, education and social life. Registration number: 08933811 ## Averroes Trust Annual Report and Financial Statements for the Year Ended 31 March 2021 ## **Averroes Trust** ## **Contents** |Company Information|1| |---|---| |Director's Report|2| |Statement of Director's Responsibilities|3| |Accountants' Report|4| |Profit and Loss Account|5| |Statement of Comprehensive Income|6| |Balance Sheet|7| |Statement of Changes in Equity|8| |Notes to the Financial Statements|9 to 10| |Detailed Profit and Loss Account|11 to 13| ## **Averroes Trust** ## **Company Information** **Director** Abbas Dhami **Registered office** 47 Bateman Road London E4 8ND **Accountants** Mohammad Dhami T/A MRD Accountants 47 Bateman Road Chingford London E4 8ND Page 1 ## **Averroes Trust** ## **Director's Report for the Year Ended 31 March 2021** The director presents his report and the financial statements for the year ended 31 March 2021. ## **Director of the company** The director who held office during the year was as follows: Abbas Dhami ## **Principal activity** The principal activity of the company is Other professional, scientific and technical activities not elsewhere classified ## **Disclosure of information to the auditors** The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware. ## **Small companies provision statement** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the director on .................... and signed on its behalf by: ......................................... Abbas Dhami Director Page 2 ## **Averroes Trust** ## **Statement of Director's Responsibilities** The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3 ## **Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of Averroes Trust for the Year Ended 31 March 2021** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Averroes Trust for the year ended 31 March 2021 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us. It is your duty to ensure that Averroes Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Averroes Trust. You consider that Averroes Trust is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Averroes Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. ...................................... Mohammad Dhami T/A MRD Accountants 47 Bateman Road Chingford London E4 8ND Date:............................. Page 4 ## **Averroes Trust** ## **Profit and Loss Account for the Year Ended 31 March 2021** |**Note**
Turnover
Gross profit
Administrative expenses
Other operating income
Operating profit
Profit before tax
Profit for the financial year|**2021**
**£**
23,129
23,129
(19,293)
15,612
19,448
19,448
19,448|**2020**
**£**
19,864| |---|---|---| |||19,864
(23,431)
7,290| |||3,723| |||3,723| |||3,723| The above results were derived from continuing operations. The company has no recognised gains or losses for the year other than the results above. The notes on pages 9 to 10 form an integral part of these financial statements. Page 5 ## **Averroes Trust** ## **Statement of Comprehensive Income for the Year Ended 31 March 2021** |Profit for the year
Total comprehensive income for the year|**2021**
**£**
19,448
19,448|**2020**
**£**
3,723| |---|---|---| |||3,723| The notes on pages 9 to 10 form an integral part of these financial statements. Page 6 ## **Averroes Trust** ## **(Registration number: 08933811) Balance Sheet as at 31 March 2021** |**Note**
**Current assets**
Cash at bank and in hand
**Creditors**: Amounts falling due within one year
3
**Net assets**
**Capital and reserves**
Profit and loss account
Shareholders' funds|**2021**
**£**
26,393
(1,200)
25,193
25,193
25,193|**2020**
**£**
6,945
(1,200)| |---|---|---| |||5,745| |||5,745| |||5,745| These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved and authorised by the director on .................... ......................................... Abbas Dhami Director The notes on pages 9 to 10 form an integral part of these financial statements. Page 7 ## **Averroes Trust** ## **Statement of Changes in Equity for the Year Ended 31 March 2021** |At 1 April 2020
Profit for the year
Total comprehensive income
At 31 March 2021
At 1 April 2019
Profit for the year
Total comprehensive income
At 31 March 2020|**Profit and loss**
**account**
**£**
5,745
19,448
19,448
25,193
**Profit and loss**
**account**
**£**
2,022
3,723
3,723
5,745|**Total**
**£**
5,745
19,448| |---|---|---| |||19,448| |||25,193| |||**Total**
**£**
2,022
3,723| |||3,723| |||5,745| The notes on pages 9 to 10 form an integral part of these financial statements. Page 8 ## **Averroes Trust** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **1 General information** The company is a private company limited by share capital, incorporated in UK. The address of its registered office is: 47 Bateman Road London E4 8ND United Kingdom ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'. ## **Basis of preparation** These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. ## **Revenue recognition** Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Borrowings** Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 9 ## **Averroes Trust** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **3 Creditors** |**Creditors: amounts falling due within one year**
**Note**
**Due within one year**
Loans and borrowings
4
**4**
**Loans and borrowings**
**Current loans and borrowings**
Other borrowings|**2021**
**£**
1,200
**2021**
**£**
1,200|**2020**
**£**
1,200| |---|---|---| |||**2020**
**£**
1,200| Page 10 ## **Averroes Trust** ## **Detailed Profit and Loss Account for the Year Ended 31 March 2021** |Turnover (analysed below)
Gross profit (%)
**Administrative expenses**
Employment costs (analysed below)
General administrative expenses (analysed below)
Other operating income (analysed below)
Operating profit
Profit before tax|**2021**
**£**
23,129
100%
(15,786)
(3,507)
(19,293)
15,612
19,448
19,448|**2020**
**£**
19,864| |---|---|---| |||100%
(16,426)
(7,005)| |||(23,431)
7,290| |||3,723| |||3,723| This page does not form part of the statutory financial statements. Page 11 ## **Averroes Trust** ## **Detailed Profit and Loss Account for the Year Ended 31 March 2021** |**Turnover**
Donations
**Employment costs**
Wages and salaries
**General administrative expenses**
Sundry expenses
Promotional expenses
**Other operating income**
Other operating income
Operating profit
Profit before tax|**2021**
**£**
23,129
(15,786)
(3,507)
-
(3,507)
15,612
19,448
19,448|**2020**
**£**
19,864
(16,426)
(4,968)
(2,037)| |---|---|---| |||(7,005)
7,290| |||3,723| |||3,723| This page does not form part of the statutory financial statements. Page 12 ## **Averroes Trust** ## **Detailed Profit and Loss Account for the Year Ended 31 March 2021** |**Turnover**
Donations
**Employment costs**
Wages and salaries
**General administrative expenses**
Sundry expenses
Promotional expenses
**Other operating income**
Other operating income|**2021**
**£**
23,129
(15,786)
(3,507)
-
(3,507)
15,612|**2020**
**£**
19,864| |---|---|---| |||(16,426)| |||(4,968)
(2,037)| |||(7,005)| |||7,290| This page does not form part of the statutory financial statements. Page 13 **Company Tax Return - supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2015) Version 3 for accounting periods starting on or after 1 April 2015** ## **Guidance** Guidance about when and how to complete this supplementary page can be found in the CT600 Guide. For further information read _What supplementary pages do I need to complete and include as part of the Company Tax Return?_ to find out what supplementary pages you need to complete. Also, read the _Important points about all supplementary pages and CT600E - Charities and Community Amateur Sports Clubs (CASCs)_ for further guidance about completing this supplementary page. ## **Company information** **----- Start of picture text -----**
E1 Company name Averroes Trust
(name of charity or CASC)
7 7 7 0 0 0 2 8 7 2
E2 Tax reference
Period covered by this supplementary page (cannot exceed 12 months)
E3 from DD MM YYYY 0 1 0 4 2 0 2 0
E4 to DD MM YYYY 3 1 0 3 2 0 2 1
**----- End of picture text -----**
## Claims to exemption **(this section should be completed in all cases)** **----- Start of picture text -----**
Charity/CASC repayment reference E5 EW37862
Charity Commission registration number, or E10 1159019
OSCR number (if applicable)
Put an 'X' in the relevant box if during the period covered by these supplementary pages:
The company was a charity/CASC and is claiming E15 
exemption from all tax on all or part of its income
and gains (Also put an 'X' in box E15 if the company
was a charity/CASC but had no income or gains in the period)
All income and gains are exempt from tax and have been, E20 
or will be, applied for charitable or qualifying purposes only
Some of the income and gains may not be exempt or have E25
not been applied for charitable or qualifying purposes only,
and I have completed form CT600
I claim exemption from tax
Name E30 Abbas Dhami
Status E35 Trustee
Date DD MM YYYY E40 2 8 1 2 2 0 2 1
**----- End of picture text -----**
C T 6 0 0 E ( 2 0 1 5 ) V e r s i o n 3 H M R C 0 4 / 1 5 P a g e 1 Repayments **To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.** **Put an 'X' in the box if during the period covered by these supplementary pages you have over claimed tax. E45** ## Information required **Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity's/CASC'S accounts for the period covered by this return.** ## **Non-exempt amounts should be entered on formCT600 in the appropriate boxes.** |**Enter total turnover from exempt charitable**
**trading activities**
**E50**
**Type of income**
**Amount**
**Investment income - exclude any amounts included on**
**form CT600**
**E55**
**UK land and buildings - exclude any amounts included**
**on form CT600**
**E60**
**Gift Aid - exclude any amounts included on form CT600**
**E65**
**From other charities - exclude any amounts included**
**on form CT600**
**E70**
**Gifts of shares or securities received**
**E75**
**Gifts of real property received**
**E80**
**Other sources (not included above)**
**E85**
**Total of boxes E50 to E85**
**E90**
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0|**Enter total turnover from exempt charitable**
**trading activities**
**E50**
**Type of income**
**Amount**
**Investment income - exclude any amounts included on**
**form CT600**
**E55**
**UK land and buildings - exclude any amounts included**
**on form CT600**
**E60**
**Gift Aid - exclude any amounts included on form CT600**
**E65**
**From other charities - exclude any amounts included**
**on form CT600**
**E70**
**Gifts of shares or securities received**
**E75**
**Gifts of real property received**
**E80**
**Other sources (not included above)**
**E85**
**Total of boxes E50 to E85**
**E90**
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0|**Enter total turnover from exempt charitable**
**trading activities**
**E50**
**Type of income**
**Amount**
**Investment income - exclude any amounts included on**
**form CT600**
**E55**
**UK land and buildings - exclude any amounts included**
**on form CT600**
**E60**
**Gift Aid - exclude any amounts included on form CT600**
**E65**
**From other charities - exclude any amounts included**
**on form CT600**
**E70**
**Gifts of shares or securities received**
**E75**
**Gifts of real property received**
**E80**
**Other sources (not included above)**
**E85**
**Total of boxes E50 to E85**
**E90**
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`3`**
**`8`**
**`7`**
**`4`**
**`1`** • 0
0| |---|---|---| ||0|0| **Enter details of expenditure as shown in the charity's/CASC's accounts for the period covered by these supplementary pages** |**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
**E95**
**UK land and building costs in relation to exempt**
**charitable activities (in box E60)**
**E100**
**All general administration/governance costs**
**E105**
**All grants and donations made within the UK**
**E110**
**All grants and donations made outside the UK**
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
**E120**
**Total of boxes E95 to E120**
**E125**
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0|**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
**E95**
**UK land and building costs in relation to exempt**
**charitable activities (in box E60)**
**E100**
**All general administration/governance costs**
**E105**
**All grants and donations made within the UK**
**E110**
**All grants and donations made outside the UK**
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
**E120**
**Total of boxes E95 to E120**
**E125**
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0|**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
**E95**
**UK land and building costs in relation to exempt**
**charitable activities (in box E60)**
**E100**
**All general administration/governance costs**
**E105**
**All grants and donations made within the UK**
**E110**
**All grants and donations made outside the UK**
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
**E120**
**Total of boxes E95 to E120**
**E125**
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
• 0
0
**£**
**`1`**
**`9`**
**`2`**
**`9`**
**`3`** • 0
0| |---|---|---| ||0|0| C T 6 0 0 E ( 2 0 1 5 ) V e r s i o n 3 H M R C 0 4 / 1 5 P a g e 2 Information required ## **Charity/CASC assets** |**Charity/CASC assets**||||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Disposals**|**in period**||||||||||||**Held at the**|||**end of the period**||||||||||||| |**(total consideration received)**|||||||||||||**(use accounts figures)**|||||||||||||||| |**Tangible fixed**
**E130**
**£**|||||||||•|0|0||**E135**|**£**|||||||||||•|0|0|| |**assets**||||||||||||||||||||||||||||| |**UK investments**
**E140**
**£**|||||||||•|0|0||**E145**|**£**|||||||||||•|0|0|| |**(excluding**||||||||||||||||||||||||||||| |**controlled companies)**||||||||||||||||||||||||||||| |**Shares in,**
**E150**
**£**|||||||||•|0|0||**E155**|**£**|||||||||||•|0|0|| |**and loans to,**||||||||||||||||||||||||||||| |**controlled companies**||||||||||||||||||||||||||||| |**Overseas**
**E160**
**£**|||||||||•|0|0||**E165**|**£**|||||||||||•|0|0|| |**investments**||||||||||||||||||||||||||||| |**Loans and non-trade debtors**|||||||||||||**E170**|**£**|||||||||||•|0|0|| |||||||||||||||||||||||||||||| |**Other current assets**|||||||||||||**E175**|**£**|||||**`2`**|**`5`**||**`1`**|**`9`**|**`3`**|•|0|0|| |||||||||||||||||||||||||||||| |**Qualifying investments and loans**|||||||||||||**E180**|||||||||||||||| |_Applies to charities only. See CT600 Guide_||||||||||||||||||||||||||||| |**Value of any non-qualifying investments and**|||||**loans**||||||||**E185**|**£**|||||||||||•|0|0|| |_Applies to charities only. See CT600 Guide_||||||||||||||||||||||||||||| |**Number of subsidiary or associated companies the charity**|||||||||||||**E190**|||||||||||||||| |**controls at the end of the period.**||**Exclude companies**|||||**that**|||||||||||||||||||||| |**were dormant throughout the period**||||||||||||||||||||||||||||| C T 6 0 0 E ( 2 0 1 5 ) V e r s i o n 3 H M R C 0 4 / 1 5 P a g e 3