## **TRUSTEES' ANNUAL REPORT**
**FOR THE YEAR ENDED 30 JUNE 2022** Registered Charity Number: 1165955
www.shuratrust.org info@shuratrust.org
Trustees Annual Report 2021-2022 Charity Reg Number: 1165955
## **Contents**
||**Page**|
|---|---|
|**Objects and Activities ...**|**2**|
|**Legal and Administrative Information …**|**3**|
|**Current Projects and Future Strategy**|**4**|
|**Accountants statement**|**5**|
|**Annual Accounts for the Period**|**6,7**|
|**Independent Examiner’s Report**|**8,9**|
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Trustees Annual Report 2021-2022 Charity Reg Number: 1165955
## **SHURA TRUST**
## **Trustees Annual Report Charity no:** 1165955 **Year Ended:** 30 June 2022
## **Report of the Trustees**
The trustees present their report for the year ended 30 June 2022.
## **Public benefit**
The trustees confirm that they have had and continue to have regard to the Charity Commission's guidance on public benefit.
## **Objects**
Shura Trust aims to achieve the following objectives:
- To enhance public knowledge and understanding of the Muslim faith in London and other areas of the UK by organizing reading circles, lectures, and prayers, thereby promoting enlightenment about Islam.
- To promote religious harmony for the public benefit by fostering knowledge, mutual understanding, and respect for the beliefs and practices of diverse religious faiths.
- To foster social inclusion for the public benefit by collaborating with socially excluded people in London and other parts of the UK who are marginalized due to their ethnicity and Muslim faith. This involves providing assistance to meet their needs and supporting their integration into society. The organization also aims to establish a local network group that enables Muslim community members to engage more effectively with the wider community.
## **Activities**
Shura Trust is a charitable organization that carries out various activities and projects to fulfill its objects. These include weekly reading circles that encourage intellectual discussions and promote a sense of community through informal socializing. The trust also
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Trustees Annual Report 2021-2022 Charity Reg Number: 1165955
organizes bi-annual reading retreats, where participants can reflect on themselves and engage in intellectual discussions through profound readings. Additionally, the trust hosts social gatherings, tea parties, picnics, and Eid celebrations.
## **Legal and administrative information**
Shura Trust is a charitable organization, registered as a charity on 9th March 2016. The charity was established under a Deed of Trust that established the objects and powers of the charity and is governed by its provisions. The operational management of the trust is in the hands of trustees who maintain the system altogether.
## **Trustees**
The trustees remain at three, being :
- 1.) Mr Mehmet Veysi Yildiz of 18 Forest road, Hinckley, LE10 1HB as chairperson.
- 2.) Mr Aykan Toma of 24 Staples Drive, Coalville, LE67 4GB as secretary.
- 3.) Mr Husameddin Ates of 22 Stanfell Road, Leicester, LE2 3GA as treasurer.
## **Registered Office and operation address**
Main office: 18 Forest Road, Hinckley, LE10 1HB.
Operation addresses: 210 Wigston Lane, Leicester, Le2 8DG; Rear of 63 Green Lanes, Newington Green, London, N16 9BU
## **Reporting Accountants**
Affirm Accountants Ltd, The Old Courthouse, 18–22 St Peters Church Yard, Derby DE1 1NN
## **Bank**
Natwest Bank, 45 Whitechapel road, London, E1 1DU
## **Responsibilities of the Trustees**
According to the Charities Act, the trustees of a charitable trust are obligated to create financial statements every financial year that accurately reflect the trust's state of affairs as of the balance sheet date, including incoming and outgoing resources, such as income and expenditures. To ensure compliance, the trustees should adhere to best practices, which involve using appropriate accounting policies consistently, making reasonable and prudent judgments, and preparing statements based on the assumption that the trust will continue to operate unless it's impossible to assume so. It is the trustees' responsibility to maintain accurate accounting records that reflect the trust's financial position and to prevent fraud and other irregularities by taking appropriate measures to safeguard the trust's assets.
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Trustees Annual Report 2021-2022 Charity Reg Number: 1165955
## **Current Projects**
1. Adult classes face-face: Shura Trust organizes and supports classes of learning in 9 cities of the UK, those are London, Brighton, Leicester, Coventry, Oxford, Cambridge, Ipswich, and Edinburg. After the restrictions of Covid 19 were lifted, face-to-face classes started again.
2. Online classes: Online classes initiated during the COVID-19 pandemic continue with increasing interest. They are more convenient for some of the participants.
3. Online Book Shop: The online book shop continues and is a good portal for sales of resources that we use in our reading circles.
4. Reading retreats: Due to the pandemic, our reading retreats were not conducted faceface until the restrictions were lifted. Instead, we organized online retreats for our participants.
5. New Premise: 128 Percy Road, Leicester. We have initiated the process of purchasing our first premise in Leicester. The purchase was made with a total cost of £183k. A fundraising campaign was made to secure the purchase. From last year’s fundraising, we already had £110k of our funds and £40k interest-free loan. With the grace of Allah, our fundraising has been successful. The process of purchase is still processing with the lawyers’ correspondence.
## **Future Strategy**
- The charity plans to continue the above activities in the forthcoming years.
- Refurbishment will be made in the new premise (128 Percy Road), subject to donations.
- Sessions for ladies will be maintained in the new premise and suitable council rooms.
- Premises will be rented in London to maintain activities.
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## To whom it may concern,
25[th] April 2023
## **Reference: Shura Trust no: 11659555**
Dear Sirs,
This is to confirm that we have been appointed as independent accountants for Shura Trust with the charity number 1165955 on 18[th] March 2022
We have prepared the receipts and payments for the year ending 30[th] of June 2022 based on the information provided by the client.
We confirm that we have reviewed the accounting and control system and we have not encountered any irregularities.
We have not carried out a full audit and we have relied on the information provided by the client.
Also, please note that it is the trustee’s responsibility to;
- Ensure the charity is carrying out the purpose of the charity
- Compliance with the charity’s governing documents & the law
- Acting in the charity’s best interests
- Managing the charity’s resources responsibly
- Ensure the charity is accountable.
I hope that this letter will clarify your concerns, but please do not hesitate to contact us for further information.
Thank you,
Yours faithfully
Debbie
Affirm Accountants
AFFIRM ACCOUNTANTS LIMITED - The Old Court House - 18 - 22 St Peters Church Yard – Derby - DE1 1NN Telephone: **0330 122 5215** Email: **derby@affirmaccountants.co.uk** Registered company number 11183528 Vat Reg No.304 9267 06 www.affirmaccountants.co.uk
|**Charity Name**||**No (if any):**|||
|---|---|---|---|---|
|**SHURA TRUST**||**1165955**|||
|**Receipts andpayments accounts**||||**CC16a**|
|**For the period**
**from**|Period start date
**01/07/2021**|Period end date
**To**
**30/06/2022**|||
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**80,451**
**-**
**80,451**|**Unrestricted**
**funds**
**to the nearest**
**£**
**80,451**
**-**
**80,451**|**Restricted**
**funds**
**to the nearest £**
**70,000**
**-**
**-**
**-**
**-**
**-**
**70,000**|**Restricted**
**funds**
**to the nearest £**
**70,000**
**-**
**-**
**-**
**-**
**-**
**70,000**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**150,451**
**-**
**-**
**-**
**-**
**-**
**150,451**|**Total funds**
**to the nearest £**
**150,451**
**-**
**-**
**-**
**-**
**-**
**150,451**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|---|---|---|
|Voluntary Donations|**80,451**|||||||||
|Charitable activities||||||||||
|Gift Aid/Grant||||||||||
|Interest||||||||||
|||||||||||
||**-**|||||||||
|**_Sub total_**_(Gross income for AR)_|**80,451**||||||||**8,000**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**|**-**||**-**||**-**||**-**||**-**|
|**_Total receipts_**
**A3 Payments**|**80,451**
**27**
**2,900**
**33,365**
**28,000**
**100**
**950**
**2,291**
**2,950**
**70,583**||**70,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**150,451**
**27**
**2,900**
**33,365**
**28,000**
**-**
**100**
**950**
**2,291**
**-**
**2,950**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**70,583**|||
||||||||||**8,000**|
|||||||||||
|Bank Charges|**27**|||||||||
|BuildingMaintenance|**2,900**|||||||||
|Professional fees|**33,365**|||||||||
|Rent and Rates|**28,000**|||||||||
|Fundraising/marketing||||||||||
|Telephones and communications|**100**|||||||||
|Travel and subsistence|**950**|||||||||
|Utilities|**2,291**|||||||||
|Website/IT||||||||||
|Wages abd salaries|**2,950**|||||||||
|PAYE/Pensions||||||||||
|Resource for teaching||||||||||
|Insurance||||||||||
|Administtration/office||||||||||
|SundryExpenses||||||||||
|Grant/Aid||||||||||
|International Aid||||||||||
|**_Sub total_ **|||||||||**6,500**|
|||||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||||
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**-**||**-**||**-**||**-**||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|**70,583**
**9,868**
**-**
**74,932**
**84,800**||**-**
**70,000**
**-**
**-**
**70,000**||**-**
**-**
**-**
**-**
**-**||**70,583**
**79,868**|||
||||||||||**6,500**|
|||||||||||
||**9,868**||**70,000**||**-**||**79,868**||**1,500**|
||**-**||**-**||**-**||**-**||**-**|
||**74,932**||**-**||**-**|||||
||**84,800**||**70,000**||**-**||
**79,868**||**1,500**|
CCXX R1 accounts (SS)
22/12/2022
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on behalf
of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash at Bank**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**52,456**
**70,000**
**-**
**-**
**-**
**-**
**52,456**
**70,000**
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
40000
**-**
**-**
**-**
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||||
|||||
CCXX R2 accounts (SS)
22/12/2022
2
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**
**Independent**
**examiner's statement**|SHURA TRUST|SHURA TRUST|SHURA TRUST|
|---|---|---|---|
|||||
||30 June 2022|**Charity no**
**(if any)**|1165955|
|||||
||1 and 2
)|||
||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 30/06/2019
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
I am qualified to undertake the examination by being a qualified member of
ACCA & CPAA
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination (other than that
disclosed below *) which gives me cause to believe that in, any material
respect:|||
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Signed: Name:** MOHAMMED SHA-KAMAL **Relevant professional** ACCA & ACPA **qualification(s) or body (if any):**
**Date:** 28/04/2023
**Oct 2018**
1
**IER**
**AFFIRM ACCOUNTANTS LTD Address: THE OLD COURTHOUSE 18 – 22 ST PETERS CHURCH YARD**
**DERBY**
## **`DE1 1NN`**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of** Please Note the receipt and Payment attached are for the period of 01/07/2021 **any items that the** to 30/06/2022 **examiner wishes to disclose** .
**Oct 2018**
2
**IER**