## **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**| **1 |** P a g e 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: - 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 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. **2 |** P a g e 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 : - 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. 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. **3 |** P a g e Trustees Annual Report 2022-2023 Charity Reg Number: 1165955 ## **Current Projects** 1. **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. 2. **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. 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:** 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** - 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. **4 |** P a g e |**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||| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||| ||||| 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
)||| ||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:||| - 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:** 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**