TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2024 Charity Registration Number: 1165955
www.shuratrust.org info@shuratrust.org
Trustees Annual Report 2023-2024 Charity Reg Number: 1165955
Contents
| Page | |
|---|---|
| Objects and Activities ... | 2 |
| Legal and Administrative Information … | 3 |
| Current Projects and Future Strategy | 4 |
| Reading Retreat Details | 5 |
| Annual Accounts for the Period | 6 |
| Independent Examiner’s Report | 8 |
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Trustees Annual Report 2023-2024 Charity Reg Number: 1165955
SHURA TRUST Trustees Annual Report Charity no: 1165955 Year Ended: 30 June 2024
Report of the Trustees
The trustees present their report for the year ended 30 June 2024.
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 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 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 fulfil 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-
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Trustees Annual Report 2023-2024 Charity Reg Number: 1165955
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 :
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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 179 Lower Braniel Road, Belfast, BT5 7NP
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 2023-2024 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. A new Ladies session has started and grow very quickly with quality participation.
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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 and London. Several readers joined and enjoyed their holiday in a calm and intellectually rich environment.
5. Refurbishments: The refurbishment work at the property on 128 Percy Road, LE2 8FN, Leicester started in June 2024 and is planned to finish end of year. A total of £30k cost is projected for these works. This refurbishment work includes a full renovation of the ground floor, which includes, the entry, living room, kitchen and patio.
Future Strategy
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The charity plans to continue the above activities in the forthcoming years.
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Refurbishments will continue (128 Percy Road) and a new refurbishment will start at 10 Watsons House, London, subject to donations.
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Sessions for ladies will be maintained in the new premise and suitable council rooms as well as online platforms.
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New youth engagement projects will be initiated.
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Participation to Education and Book fairs will be organised.
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Premises will be rented in London to maintain activities.
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Trustees Annual Report 2023-2024 Charity Reg Number: 1165955
Reading Retreat Details
2024 Winter Retreat (January 5 – January 12)
Around 50 participants in total within a week. Venue hire cost: £3860
Summer 2024 Retreat – (June 3- June 10)
Around 50 participants in total within a week. Venue Hire cost : £2555
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| Charity Name | No (if any): | |||
|---|---|---|---|---|
| SHURA TRUST | 1165955 | |||
| Receipts andpayments accounts | CC16a | |||
| For the period from |
Period start date 01/07/2023 |
To Period end date 30/06/2024 |
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Last year to the nearest £ 95,736 8,357 104,093 - - - 104,093 123 4,600 1,300 2,700 1,221 74 7,418 184,246 - 184,246 191,664 - 87,571 - 122,456 34,885 |
||||||
|---|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 26,569 791 - 27,360 |
Restricted funds to the nearest £ - - - - - - |
Endowment funds to the nearest £ - - - - - - - |
Total funds to the nearest £ 26,569 791 - - - - 27,360 |
|||||
| Voluntary Donations | 26,569 | ||||||||
| Charitable activities | 791 | ||||||||
| Gift Aid/Grant | |||||||||
| Interest | |||||||||
| - | |||||||||
| Sub total(Gross income for AR) | 27,360 | ||||||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total | - | - | - | - | - | ||||
| Total receipts A3 Payments |
27,360 2,864 1,503 7,446 150 2,896 227 2,503 3,780 21,369 |
- - - - - - - - - - - - - |
- - - - - - - - - - - - - - |
27,360 - 2,864 1,503 7,446 - - 2,896 - - - - 227 2,503 - - 3,780 - 21,219 |
|||||
| Bank Charges | |||||||||
| Building Maintenance | 2,864 | ||||||||
| Professional fees | 1,503 | ||||||||
| Rent and Rates | 7,446 | ||||||||
| Fundraising/marketing | |||||||||
| Telephones and communications | |||||||||
| Motor Vehicle Expenses | 150 | ||||||||
| Travel and subsistence | 2,896 | ||||||||
| Utilities | |||||||||
| Website/IT | |||||||||
| Wages abd salaries | |||||||||
| PAYE/Pensions | |||||||||
| Resource for teaching | 227 | ||||||||
| Insurance | 2,503 | ||||||||
| Administtration/office | |||||||||
| Sundry Expenses | |||||||||
| Grant/Aid | 3,780 | ||||||||
| International Aid | |||||||||
| **Sub total ** | |||||||||
| A4 Asset and investment purchases, (see table) |
|||||||||
Assetpurchase |
5,500 | - | 5,500 | 184,246 | |||||
| - | - | - | - | - | |||||
| **Sub total ** | 5,500 | - | - | 5,500 | 184,246 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
48,729 21,860 - 21,860 |
- - - - |
- - - - - |
26,719 641 |
|||||
| 21,860 | - | - | 641 | - 87,571 | |||||
| - | - | - | - | - | |||||
| - | - | 122,456 | |||||||
| 21,860 | - | - | 641 |
34,885 |
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | 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 B1 Cash at Bank B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
(agree balances with receipts and payments account(s)) Details Total cash funds Details Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 35,679 - - - - - 35,679 - 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 £ |
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| - | |||
| - | |||
| - | |||
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| - | |||
| 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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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 2024 | 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: 02/12/2024
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 01/07/2023 any items that the to 30/06/2024 examiner wishes to disclose .
Oct 2018
2
IER