## **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**| **1 |** P a g e 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: - 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. - 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 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- **2 |** P a g e 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 : - 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 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. **3 |** P a g e Trustees Annual Report 2023-2024 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. A new Ladies session has started and grow very quickly with quality participation. 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 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** - The charity plans to continue the above activities in the forthcoming years. - Refurbishments will continue (128 Percy Road) and a new refurbishment will start at 10 Watsons House, London, subject to donations. - Sessions for ladies will be maintained in the new premise and suitable council rooms as well as online platforms. - New youth engagement projects will be initiated. - Participation to Education and Book fairs will be organised. - Premises will be rented in London to maintain activities. **4 |** P a g e 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 **5 |** P a g e |**Charity Name**||**No (if any):**||| |---|---|---|---|---| |**SHURA TRUST**||**1165955**||| |**Receipts andpayments accounts**||||**CC16a**| |**For the period**
**from**|Period start date
**01/07/2023**|**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|| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||| ||||| **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
)||| ||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:** 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**