TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2023 Charity Registration Number: 1165955
www.shuratrust.org info@shuratrust.org
Trustees Annual Report 2022-2023 Charity Reg Number: 1165955
Contents
| Page | |
|---|---|
| Objects and Activities ... | 2 |
| Legal and Administrative Information … | 3 |
| Current Projects and Future Strategy | 4 |
| Annual Accounts for the Period | 5, 6 |
| Independent Examiner’s Report | 7, 8 |
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Trustees Annual Report 2022-2023 Charity Reg Number: 1165955
SHURA TRUST Trustees Annual Report Charity no: 1165955 Year Ended: 30 June 2023
Report of the Trustees
The trustees present their report for the year ended 30 June 2023.
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:
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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.
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To promote religious harmony for the public benefit by fostering knowledge, mutual understanding, and respect for the beliefs and practices of diverse religious faiths.
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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 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.
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Trustees Annual Report 2022-2023 Charity Reg Number: 1165955
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 :
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1.) Mr Mehmet Veysi Yildiz of 18 Forest road, Hinckley, LE10 1HB as chairperson.
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2.) Mr Aykan Toma of 24 Staples Drive, Coalville, LE67 4GB as secretary.
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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. Operational addresses : 128 Percy Road, Leicester, LE2 8FN
10 Watsons house, 120 Nuttall street, London, N1 5LL
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 2022-2023 Charity Reg Number: 1165955
Current Projects
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Face-face reading sessions: During the year new reading sessions were initiated and supported classes of learning in 13 cities of the UK, those are London, Birmingham, Brighton, Bournemouth, Leicester, Coventry, Oxford, Cambridge, Ipswich, Glasgow, Edinburg, Yeovil, Nottingham. These sessions have been held in Turkish and English languages and provided massive opportunity for people to share their valuable insights on important social and philosophical matters. Within this year, new sessions were initiated.
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Online classes: The sessions continue with increasing interest specifically in English language. They are more convenient for the participants who live away from any face to face joining to reading session.
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Online Book Shop: The online book shop continues and is a good portal for sales of resources that we use in our reading circles.
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Reading retreats: We have conducted a winter retreat in Leicester and London. Several readers joined and enjoyed their holiday in a calm and intellectually rich environment.
5. New Premise: The property on 128 Percy Road, LE2 8FN, Leicester was purchased and fully possessed in June 2023. The purchase happened with a total cost of £183k.
Future Strategy
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The charity plans to continue the above activities in the forthcoming years.
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Refurbishment will be made in the new premise (128 Percy Road), subject to donations.
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Sessions for ladies will be maintained in the new premise and suitable council rooms.
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Premises will be rented in London to maintain activities.
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| Charity Name | No (if any): | |||
|---|---|---|---|---|
| SHURA TRUST | 1165955 | |||
| Receipts andpayments accounts | CC16a | |||
| For the period from |
Period start date 01/07/2022 |
To Period end date 30/06/2023 |
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Last year to the nearest £ |
|||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 95,736 8,357 - 104,093 |
Restricted funds to the nearest £ - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 95,736 - 8,357 - - - 104,093 |
||
| Voluntary Donations | 95,736 | - - - - - - - |
150,451 | |||
| Charitable activities | ||||||
| Gift Aid/Grant | 8,357 | |||||
| Interest | ||||||
| - | 150,451 | |||||
| Sub total(Gross income for AR) | 104,093 | |||||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- - - |
- - - |
- | ||
| - | - - |
|||||
| Sub total | - | |||||
| Total receipts | 104,093 | - | 104,093 | |||
| 104,093 | - | 150,451 |
A3 Payments
| Bank Charges | - - - - - - - - - - - - |
- - - - - - - - - - - - |
- 123 4,600 - 1,300 2,700 - - 1,221 - - - - - - 74 - - 7,418 |
27 | ||
|---|---|---|---|---|---|---|
| BuildingMaintenance | 123 | 2,900 | ||||
| Professional fees | 4,600 | 2,079 | ||||
| Rent and Rates | - 1,300 | 28,000 | ||||
| Fundraising/marketing | 2,700 | - | ||||
| Telephones and communications | 100 | |||||
| Travel and subsistence | 950 | |||||
| Utilities | 1,221 | 2,291 | ||||
| Website/IT | - | |||||
| Wages abd salaries | 2,950 | |||||
| PAYE/Pensions | ||||||
| Resource for teaching | ||||||
| Insurance | ||||||
| Administtration/office | ||||||
| SundryExpenses | 74 | |||||
| Grant/Aid | ||||||
| International Aid | ||||||
| **Sub total ** | 39,297 | |||||
| - | ||||||
| A4 Asset and investment purchases, (see table) |
||||||
| Assetpurchase | 114,246 | 70,000 - 70,000 |
- - - |
184,246 - 184,246 |
- | |
| - | - - |
|||||
| **Sub total ** | 114,246 | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
121,664 - 17,571 - 52,456 34,885 |
70,000 - 70,000 - 70,000 - |
191,664 - 87,571 |
|||
| - | 39,297 | |||||
| - 17,571 | - | 111,154 | ||||
| - | - - |
- 122,456 |
- | |||
| 52,456 | 11,302 | |||||
| 34,885 | - |
34,885 | 122,456 |
CCXX R1 accounts (SS)
30/04/2024
1
| Section B Statement of assets and liabilities at the end of the | Section B Statement of assets and liabilities at the end of the | period | Endowment funds to nearest £ |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees (agree balances with receipts and payments account(s)) Details B1 Cash at Bank Total cash funds Details B2 Other monetary assets Details B3 Investment assets Details Details B4 Assets retained for the charity’s own use B5 Liabilities Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 34,885 - - - - - 34,885 - Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) 184246 - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) 40000 - - - - - Print Name |
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| - | |||
| - | |||
| - | |||
| - | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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CCXX R2 accounts (SS)
30/04/2024
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 2023 | Charity no (if any) |
1165955 | |
| 1 and 2 ) |
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| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/06/2023 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: |
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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: 30/04/2024
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 01/07/2022 any items that the to 30/06/2023 examiner wishes to disclose .
Oct 2018
2
IER