Registered number: 08820017
Charity number: 1171689
RANDEREE CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
LUBBOCK FINE LLP
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Detsils of the Charity, its Trustees and Advisers
Tru$teos' Report
Independent Auditors. Report on the Financial Statements
statement of Financial Activities
Balance Sheet
10
Statement of Cash Flows
Notes to the Financial Statements
12-27

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
Shireen Randeree
Zaid Randeree
Simon Mitchell
Faisal Randeree
Norman Waller
Company registgred
number
08820017
Charity registerod
number
1171689
Registored officg
85 Strand
London
WC2R ODW
Chief executive officer
Fatimah Ashrif
Independent auditors
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Patemoster House
65 Sl Paul's Churchyard
London
EC4M 8AB
Bankers
National Westminster Bank PIC
1 Prin￿SS Street
London
EC2R 8BP
Solicitors
Bates Vvells Braithwaite
10 Queen Sl
London
EC4R 1 BE
Page 1

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees (who are also Directors for the purposes of Company Lawl present their annual report together
with the audited financial slalements of the charity for the ended 31 December 2021. The Trustees and Directors
confi'rm that the Annual Report, which includes the Directors report, and financial statements of the charity
comply with the current slalutory requirements, the requirements of the charity's governing document and the
provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20191.
sin￿ the charity qualifies as small under section 383, the strategic report required of medium and large
companies under the Companies Act 2006 Istrategic Report and Direclorfs Report) Regulations 2013 is not
required.
Trustees
The Trustees who served during the year and since the year end were as follows..
Shireen Randeree
Zaid Randeree
Simon Mitchell
Faisal Randeree
Nomian Waller
structure. governance and management
Randeree Charitable Trust is an incorporated charity, consliluled by its Memorandum and Articles dated 18
December 2013 as amended on 28 November 2017. The company registered as a charity on 20 February 2017.
The Charity is run by the Board of Trustees, detailed above. The Trustees meet and communicate regularly lo
review performance of the Charity, consider risks and issues affecting the Charity, and lo review the future plans
of the Charity.
Appointment of new Trustees is governed by the Memorandum and Articles of the Charity. The members of the
Board of Trustees are aulhorised lo appoint new trustees to fill vacancies arising through resignation or death of
an existing Trustee. The new Trustees are briefed about their duties from the current Trustees.
The Trustees actively review the major risks the Charity faces on a regular basis. The Trustees have also
examined other operational and business risks faced by the Charity and have established systems lo mitigate
these risks.
Objectives and Activities
The objectives of the charity are to make grants for the charitable purposes of advancing education and amateur
sports for the public benefit, to empower young people from disadvantaged backgrounds and support other such
charitable purposes which satisfy The Charity Commission's guidance on public benefit.
The short-term and long-term objectives of the charity during the year were to use donations received lo make
charitable distributions In furtherance of the charity's objectives. The grants have been made to organisalions
and projects which promote.. education, inclusion and empowerment of young people from disadvantsged
communities,. community cohesion through interfaith dialogue and research., and amateur sports. This is the
strategy that the charity has been using to further ils aims, with the Trustees and Directors deciding which
individuals and organisations to make grants lo.
In establishing the objectives and activities of the Charity, the Trustees have given careful consideration to the
Charity Commission's guidance on public benefit.
Page 2

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives and Activities Icontinuedl
The main criteria which the charity uses to measure success li.e. its key performan￿ indicalorsl are the
volume of donations received and donations paid to further the charity's objectives. The Trustees and Directors
are also keen lo ensure impact of the projects il supports and does this through a reporting procedure agreed
with each grantee as seems appropriate lo the nature of the project.
Achievements and performance
In 2021, the charity honoured ils commitments lo support specific projects made in preceding years including
those relating to the support of young people in education and careers, and promoting inlerreligious
understanding. Due to the uncertainty created by the Covid-19 pandemic for the Trust's income, the Trustees
have proceeded cautiously and refrained from creating significant commitments lo new projects. The Trust
continues to follow the progress and projects of partner charities, organisalions and institutions engaged in its
areas of interest with the intention of more proactive granlmaking in 2022 and 2023.
Financial review
During the year, the Charity achieved a surplus of £401,581 12020 £109,728). As at 31 De￿mber 2021 the
charity had unreslricled funds of £2,785,517 12020 £2,394,676) and restricted funds of £1,610,740 12020
£1,600,000).
11 is the policy of the Trustees lo continue lo build reserves and use the funds lo make donations for charitable
purposes. The level of donations made by the charity fluctuates year on year depending on availability of funds
and need. In addition, fixed costs are kept lo a minimal level and are usually funded by investment income raised
in the year. As such, the Trustees do not consider the need to set a reserves policy.
The principal risks which affects the charity's future financial position are an adverse movement in the value of
investments held and a significant decrease in donation or investment income. These risks are monitored by the
Trustees on a regular basis.
The Charity did not carry out any significant fundraising activities in the current or prior year.
Plans for future periods
The Trustees remain commilled to advancing education, empowering young people from disadvantaged
backgrounds through encouragement of civic engagement, leadership and mentoring inilialives, and amateur
sports and intend lo continue using donations received lo make charitable dislribulions lo further this
advancement. In addition the Trustees are keen lo continue to support the work of organisations engaged in
interfaith dialogue and research to promote deeper understanding within and across communities. The charity
has developed relationships with a number of trusted and widely respected organisations with shared objectives
which it intends lo continue lo fund and collaborate with so as to further its aims. The Trustees have experience
in working with these organisations and anticipate lo continue funding them in order to promote Ils objectives.
Page 3

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
statement of Trustees, responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees. Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial slalements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the stale of affairs of the Charity and of ils incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021
make judgments and accounting esb'mates that are reasonable and prudent",
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial ststemenls comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Oisclosure of information to auditors
Each of the persons who are Trustees at the lime when this Trustees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitsble companys
auditors are unaware. and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any
relevant audit information and to establish that the charitable company's auditors a￿ 8W8re of that
infomialion.
Auditors
The auditors, Lubbock Fine LLP, will be proposed for reappointment in accordance with sects'on 485 of the
Companies Act 2006.
In preparing this report, the Iruslees have tsken advantage of the small company exemptions provided by
section 415A of the Companies Act 2006.
This report was approved by the Trustees and signed on their behalf by..
Shireen Randeree
Trustee
Dale: 0410412023
Page 4

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RANDEREE CHARITABLE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2021
OPINION
We have audited the financial statements of Rsnderee Charitable Trust Ithe 'charity'l for the year ended 31
December 2021 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Statement of Cash
Flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK
and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slatemenls..
give a true and fair view of the state of the ch8ri18ble company's affairs as al 31 December 2021 and of ils
incoming resources and application of resources, including ils income and expenditure for the year then
ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial slalements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo
continue as a going concern for a period of al least twelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 5

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RANDEREE CHARITABLE TRUST
ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
OTHER INFORMATION
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion
Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstalemenl of this other information, we are required to report that fact.
We have nothing to report in this regard.
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our kno￿edge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified bylaw are not made", or
we have not received all the information and explanab'ons we requio for our audit", or
the Trustees were not entitled to prepare the financial ststemenls in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees, Responsibilities Slalement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
slalements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is ne￿SSary lo enable the preparation of financial statements that are free from material
misstalemenl, whether due lo fraud or error.
In preparing the financial slatemenls, the Trustees are responsible for assessing the charitable company's ability
lo continue as a going GOn￿rn, disclosing, as applicable, mallers related to going concern and using the going
concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or lo cease
operations, or have no realistic alternative bul to do so.
Page 6

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RANDEREE CHARITABLE TRUST
ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financi81 statements as a whole are free
from material misslatemenl, whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, oullined above, lo delect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is
detailed below..
In identifying and assessing risks of material misstatement in respect of irregul8rilies, including fraud and
noncompliance with laws and regulations, we considered the following..
Enquiries of management, including obtaining and reviewing supporting documentation, concerning the
charity's policies and procedures relating lo..
identifying, evaluating and complying with laws and regulations and whether they were aware of any
instsnces of non-compliance
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
the internal controls established lo mitigate risks related to fraud or non-compliance of laws and
regulations", and
Discussions among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. The engagement team includes audit partners and staff
who have extensive experience of working with charities in similar sectors and this experience was relevant
to the discussion about where fraud risks might arise.
We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing
on provisions of those laws and regulations that had direct effect on the delerminalion of material amounts and
disclosures in the financial slatemenls. The key laws and regulations we considered in this context included the
UK Charities Act, Charities SORP 2019 and the Companies Act 2006.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements bul compliance with which may be fundamental to the charity's ability to operate or lo avoid
a material penalty.
As a result of these procedures, we considered the particular areas that were susceptible lo misstatement due lo
fraud were in respect of unrecorded grant commitments and the lack of dedicated finance function. Our
prO￿dureS to respond to risks identified included the following..
Reviewing the financial statement disclosures and testing lo
supporting documentation lo assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements.,
Enquiring of management Con￿rning actual and potential litigation and claims.,
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due lo traud.,
Reading minutes of meetings of those charged with governance.,
Page 7

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF RANDEREE CHARITABLE TRUST
ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
In addressing the risk of fraud through management override of controls., assessing whether the judgements
made in making accounting estimates are indicative of a potential bias., and evaluating the rationale of any
significant transactions that are unusual or outside the normal course of the charity's operations,.
Performing an after dale reviews lo assess the need to recognise additional grant commitments.,
Substsntive testing on a sample of transactions In the year.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstslemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slatemenls, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial slalements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibililies. This description forms part of our
Auditors, Report.
USE OF OUR REPORT
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
company's members those mallers we are required lo slate lo them in an Auditors. Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
LLL Fy
Lee Facey {Senior Statutory Auditor)
for and on behalf of
Lubbock Fine LLP
Chartered Accountants & Stalulory Auditors
Palernosler House
65 St Paul's Churchyard
London
EC4M 8AB
Dale..04 April 2023
Page 8

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Total
funds
2020
Note
Income from:
Donations and legacies
Investments
335,207
280,683
83,240
105,365
418,447
386,048
16,887
251,168
Total income
615,890
188,605
804,495
268,055
Expenditure on:
Raising funds
Charitable activities
31,417
193,632
105,365
72,500
136,782
266,132
22,971
150,356
Total expenditure
225,049
177,865
402,914
173,327
Net Income before net galns on
Investments
Nel gains on investments
390,841
10,740
401,581
94,728
15,000
Net movement in funds
390,841
10,740
401,581
109,728
Reconciliation of funds:
Total funds brought forward
2,394,676
1,600,000
3,994,676
3,884,948
Total funds carrled for•vard
2,785,517
1,610,740
4,396,257
3,994,676
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 27 form part of these financial statements.
Page 9

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
REGISTERED NUMBER.. 08820017
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Fixed assets
Investments
Investment pioperty
13
12
812,207
4,500,000
4,200,000
5,312,207
4,200,000
Current assets
Debtors
Cash al bank and in hand
14
216,507
1,240,485
90,808
2,181,609
1,456,992
2,272,417
Creditors.. amounts falling due within one
year
15
1334,0601
1325,8231
Net current assets
1,122,932
1,946,594
Total assets less current liabilities
6,435,139
6,146,594
Creditors.. amounts falling due after more
than one year
16
12,038,882)
12,151,918)
Total net assets
4,396,257
3,994,676
Charlty funds
Reslrirted funds
Unrestricted funds
17,18
17,18
1,610,740
2,785,517
1,600,000
2,394,676
Total funds
4,396,257
3,994,676
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Shireen Randeree
(Trusteel
Dale.. 0410412023
The notes on pages 12 to 27 form part of these financial statements.
Page 10

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Note
Cash flows from operating activities
Nel cash used in operating activities
20
1413,2361
1,815,036
Cash flow5 from investing activities
Dividends, interests and rents from investments
Purchase of investments
272,112
1800,0001
244,739
Net cash lused inyprovided by investing activities
1527,8881
244,739
Change in cash and eash equivalents in the year
Cash and cash equivalents al the beginning of the year
1941,1241 2,059,775
2,181,609
121,834
Cash and cash equivalents at the end of the year
21
1,240,485
2,181,609
The notes on pages 12 to 27 form part of these financi81 statements
Page 11

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
GENERAL INFORMATION
The charity is 8 private company limited by guarantee, incorporated in England and Wales. Its registered
office and principal pla￿ of business is 85 Strand, London, WC2R ODW. The members of the company
are the Trustees named on page 1. In the event of the charity ￿Ing wound up, the liability in respect of the
guarantee is limited to £1 per member of the charity.
The financial statements are presented in sterling which is the functional currency of the charity and are
rounded lo the nearest £.
ACCOUNTING POLICIES
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Randeree Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless olhenNise slated in the
relevant accounting policy.
2.2 Consolldatlon
In the opinion of the Trustees, the charitsble company and its subsidiary undertakings comprise a
small group. The charitable company has therefore tsken advantage of the exemption provided by
Section 398 of the Companies Act 2006 not to prepare consolidated accounts. In addition, the
aggregate gross income of the charitable company and its subsidiaries after tsking into account
consolidation adjustments was less than £1m and therefore there is no requirement lo prepare
consolidated accounts in accordance with the Charities Act.
2.3 Golng concern
The Charity is in the main reliant on donation and rental income and the support of related parties lo
meet ils running costs. Due to the nature of ils aclivilies, the majority of the Charity's expenditure is
incurred directly on grant making and so the Charity is able to control its direct charitable expenditure
based upon the level of donation and rental income that it has received and the anticipated ongoing
support of related parties.
The Trustees consider il appropriate to prepare the financial stslemenls on a going concern basis on
the assumption that sufficient incoming resources will be generated to meet the Charity's running
costs. The financial statements do not include any adjustment which would result if there were
insufficient funds available in respect of the Charity's operations.
Page 12

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES {CONTINUED)
2.4 Income
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amount of income receivable can be measLJred reliably.
Donation income is recognised in the period when the pledge is made.
Rent81 income is recognised when due with the relevant accrued and deferred income adjustments
processed.
On receipt, donated professional services, donated facilities and donated properties are recognised
on the basis of the value of the gift to the Charity which is the amount it would have been willing lo
pay to obtain services or facilities of equivalent economic benefit on the open market." 8
corresponding amount is then ￿CogniSed in expenditure in the period of receipt.
Income 18x recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normalty upon notification of the interest paid or payable by the Bank.
2.6 Expenditure
Expenditure is recognised once there is 8 legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including SUPFX)rt costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which a
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resoLJrces. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds inclLJdes 811 expenditure incurred by the Charity to raise funds for ils
charitable purposes.
Expenditure on charitable activities is incurred on direelly undertaking the 8cb'vilies which further the
Charity's objectives, as well as any associated support costs.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and governance costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT except for transactions relating to opted to tax
investment properties.
Page 13

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES {CONTINUED)
2.7 Investments
Fixed asset investments are 8 form of financial instrument and are initially recognised at their
transaction cost and subsequenlly measured at fair value at the Balance Sheet dale, unless the value
cannot be measured reliably in which case it is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and shown in the heading 'GainsllLossesl
in the Statement of Financial Activities incorporating Income and Expenditure Account.
Investments in subsidiaries are valued al cost less provision for impairment.
2.8 Investment Property
Investment property IS Carried at fair value derived from the current market rents and investment
property yields for comparable real estate. adjusted if necessary for any difference in the nature,
location or condition of the specific asset. No depreciation is provided. Changes in fair value are
recognised in the Statement of Financial Aclivilies.
2.9 Operating leases
Rentals under operating leases are charged lo the Statement of Financi81 Activities incorporating
Income and Expenditure Account on a slraighl line basis over the lease term.
Benefits received 8nd receivable as an incentive to sign an operating lease 8re rect￿nISed on 8
straight line basis over the lease term, unless another systematic basis is representative of the time
pattern of the lessee's benefit from the use of the leased asset.
2.10 Debtors
Trade and other debtors a￿ recognised al the get￿ernent amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade diseounls due.
2.11 Cash at bank and in hand
C8sh at bank 8nd in hand includes cash and short-term highly liquid investments with a short m8turity
of three months or less from the date of 8CqUlSltion or opening of the deposit or similar account.
2.12 Liabilities and provisions
Liabilities are recognised when there is an obligation 8t the B81anee Sheet dale as a result of a past
event, it is probablè that a transfer of economic benefit will be requirèd in setuement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 14

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES {CONTINUED)
2.13 Financial instruments
The Charity only has financial assets and financial liabilities of 8 kind that qualify as basic financial
instruments. Basic financial instruments are initl8lly recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.14 Fund accounting
General funds are unreslricled fLJnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and Ljse of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2.15 Taxation
The Charity is conSide￿d lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore il meets the definition of a charitable company for UK corFioration tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.16 Foreign eurrencies
Monetary assets and liabilities denominated in foreign currencies are translated into sleding at rates
of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into steding al the rale ruling on the dale of the
transaction.
Exchange gains and losses are recognised in the St8tement of Financi81 Activities incorporating
Income and Expenditure Account.
Page 15

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
INCOME FROM DONATIONS AND LEGACIES
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Donations and gifts
335,207
83,240
418,447
Included within donations and gifts is an amount of £12,207 which represents the nel donation from a
subsidiary company during the year as further detailed in note 13.
Unrestricted
funds
2020
Total
funds
2020
Donations and gifts
16,887
16,887
INVESTMENT INCOME
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Rental Income
Lease incenb'ves
Bank interest receivable
271,912
8,571
200
271,912
113,936
200
105,385
280,683
105,365
386,048
Unrestricted
funds
2020
Total
funds
2020
Rental Income
243,613
6,429
1,126
243,613
6,429
1,126
Lease incentives
Bank interest receivable
251,168
251,168
Page 16

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
EXPENDITURE ON RAISING FUNDS
Costs of raising voluntary income
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Management fees
Property costs
12,770
18,647
12,770
124,012
105,365
31,417
105,365
136,782
Unrestricted
funds
2020
Total
funds
2020
Management fees
Property costs
13,346
9,625
13,346
9,625
22,971
22,971
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Grants and support costs
193,632
72,500
266,132
Unrestricted
funds
2020
Total
funds
2020
Grants and support costs
150,356
150,356
Page 17

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
directly
2021
Support
costs
Total
funds
2021
2021
Grant making activity
170,312
95,820
266, 132
Activities
undertaken
directly
2020
Support
costs
2020
Total
funds
2020
Grant making activity
54,439
95,917
150,356
ANALYSIS OF GRANTS
Total
funds
2021
Grants
2021
Faith Belief Forum
Cambridge Muslim College
The Woolf Institute
harAcademy
Muslim Aid
10,000
48,445
30,000
20,000
20,000
10,000
48,445
30,000
20,000
20,000
E- jj
The Muslim Cultural Heritage Centre Trust
UKIM West London Islamic Centre
Islamic Relief
City University
Kings College (see note below)
other grants lo institutions
Grants to individuals
10,000
10,000
10,000
10,610
117,1431
13,000
5,400
10,000
10,000
10,000
10,610
117,1431
13,000
5,400
170,312
170,312
Page 18

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Total
funds
2020
Grants
2020
Cambridge Muslim College
The Woolf Institute
Kings College London
Faith Belief Forum
PrIn￿S Trust- Reversal of 2018 grant commitment
44,439
25,000
20,000
15,000
150,0001
44,439
25,000
20,000
15,000
150,0001
54,439
54,439
A grant of £20,000 was awarded lo Kings College during 2020, of which £17,143 remained unpent at 31
December 2021 and was repaid lo the Charity post year end.
SUPPORT COSTS
Support
Costs
2021
Total
funds
2021
Audit and accountancy fees {governan￿>
Professional fees
11,040
57,948
26,832
11,040
57,948
26,832
Other expenses
95,820
95,820
Support
Costs
2020
Total
fvnds
2020
Audit and accountancy fees {governan￿)
Professional fees
12,600
72,471
10,830
16
12,600
72,471
10,830
Other expenses
Finance costs
95,917
95,917
During the current and prior year, the charity had no employees and therefore no employees with
remuneration above £60,000.
Page 19

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. AUDITORS. REMUNERATION
2021
2020
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
8,000
7,500
Fees payable to the Charity's auditor in respect of..
All non-audit services not included above
3,040
5,100
11. TRUSTEES. REMUNERATION AND EXPENSES
During the year, no Trustees re￿iVed any remuneration or other benefits12020 - £NILI.
During the year ended 31 December 2021, no Trustee expenses have been incurred12020 - £NIL}.
12. INVESTMENT PROPERTY
Freehold
investment
property
Valuation
At 1 January 2021
Additions
4,200,000
300,000
At 31 December2021
4,500,000
The historical cost of the investment properties as al 31 December 2021 was £4,516,010.
The freehold investment properties were valued at £4,500,000 as al 31 De￿mber 2021 by the Trustees
who are qualified property managers.
On 17 April 2018 an option was granted by the Charity to a beneficiary lo purchase an investment property
from the Charity within live years al an agreed price of £1.6m which is also the considered valuation al 31
December 2021.
On 28 June 2021 an investment propety with a valuation of £300,000 was gifted to the charity from a
subsidiary company, Mossley Hill-BG Properties Limited.
Page 20

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. FIXED ASSET INVESTMENTS
Investments
subsidiary
companies
Cost or valuation
Additions
Amounts written off
1,100,000
1287,7931
At 31 December2021
812,207
Net book value
812,207
At 31 December2021
On 25 March 2021, shares in Mossley Hill-BG Properties Limited were gifted to the Charity. At the date of
the gift, the shares had a value of £300,000 and the gift was recorded as income and as an asset on the
balance sheet.
On 28 June 2021 a propety, with a value of £300,000, owned by Mossley Hill-BG Properties Limited was
transferred to the Charity.
The investment in the subsidiary was subsequenuy impaired by £287,793 to reflect the the revised value
of the shares following the transfer of the property. The impairment has been set off against the original
income of £300,000 on the Statement of Financial Activities due to the transactions being connected.
PRINCIPAL SUBSIDIARIES
The following were subsidiary undertakings of the Charity with the Charity owning 1000/0 of the ordinary
share capital of each entity..
Names
Company
number
Reglstered office or prlnclpal Prlnclpal actlvlty
place of business
Mossley Hill-BG Properties
Limited
8329
Second Floor, The Quadrant,
Manglier Street, P.0 Box 1312
Victoria, Mahé
Second Floor, The Quadrant,
Manglier Street, P.0 Box 1312
Victoria, Mahé
Propety Investment
Swallow Holdings Limited
8630
Propety Investment
Page 21

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. FIXED ASSET INVESTMENTS ICONTINUEDI
The subsidiaries prepare financial statements to 31 March each year which is not coterminous with the
Charity. The financi81 results of the subsidiaries for the year ended 31 March 2022 were..
Names
Income
Expenditure
ProfitllLoss)
I Surplusl
(Deficitl for
the year
Net assets
Mossley Hill-BG Properties Limited
Swallow Holdings Limited
81,957
109,986
1306,5501
1109,9861
1224,5931
12,207
S91,254
14. DEBTORS
2021
2020
Trade debtors
21,445
189,651
5,411
4,672
75,731
10,405
Other debtors
Prepayments and accrued income
216,507
90,808
15. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Other loans
187,000
2,090
7,070
4,548
105,092
28,280
187,000
2,072
Trade creditors
Other taxation and social security
other creditors
Accruals and deferred income
Grants payable
92,312
44,439
334,060
325,823
Deferred income of £39,46212020 - £32,732) relates to 2D22 rental income received in advance. Deferred
income also incudes a landlord contribution on a new lease lotalling £32,183 12020 - £33.0821 which will
be released lo the Stslemenl of Financial Activities as related expenditure is incurred.
Included in accruals is a lease incentive creditor lotalling £8,571 12020 - £8,571) which will be released to
the Stslement of Financial Activities over the term of the lease.
Other loans totalling £187,00012020 - £187,000) are unsecured, interest free and repayable on demand.
Page 22

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
16. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021
2020
Accruals and deferred income
2,038,882
2,151,918
Deferred income also incudes a landlord contribution on a new lease lotalling £1,762.452 12020
£1,866,918) which will be relased lo the Statement of Financial Activities as related expenditure is
incurred.
Included in accruals is a lease inTrntive creditor lotalling £276,429 12020 £285.0001 which will be
released lo the Statement of Financial Activities over the term of the lease.
17. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31
December
2021
Balance at 1
January
2021
Income Expenditure
Unrestricted funds
General Funds
2,394,676
615,890
1225,0491
2,785,517
Restricted funds
Propety Fund
Zakat Fund
1,600,000
105,365
83,240
1105,3651
172,5001
1,600,000
10,740
1,600,000
188,605
1177,8651
1,610,740
Total of funds
3,994,676
804,495
1402,9141 4,396,257
The Pmpety Fund relates to the propety referred lo in Note 12.
The Zakat Fund represents donations received which are lo be spent on Zakat eligible projects.
Page 23

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
17. STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
31
Gainsl December
(Losses)
2020
Balance at
1 January
2020
Income Expenditure
Unrestricted funds
Gener81 Funds
2,284,948
268,055
1173,3271
15,000
2,394,676
Balance at
31
Gainsl Decgmber
ILossos}
2020
Balance at
1 January
2020
Income Expendituro
Restrlcted funds
Property Fund
1,600,000
1,600,000
Total of funds
3,884,948
268,055
1173,3271
15,000
3,994,676
18. SUMMARY OF FUNDS
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
31
December
2021
Balance at 1
January
2021
Income Expenditure
General funds
Reslricled funds
2,394,676
1,600,000
615,890
188,605
1225,0491
1177,8651
2,785,517
1,610,740
3,994,676
804,495
1402,9141 4,396,257
Page 24

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18. SUMMARY OF FUNDS ICONTINUEDI
SUMMARY OF FUNDS- PRIOR YEAR
Balance at
31
Gainsl December
(Losses)
2020
Balance at
1 January
2020
Income Expenditure
General funds
Restricted funds
2,284,948
1,600,000
268,055
1173,3271
15,000
2,394,676
1,600,000
3,884,948
268,055
1173,3271
15,000
3,994,676
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
812,207
812,207
2,900,000
1,600,000
4,500,000
1348,3831
1,805,375
1,456,992
1301,8771
132,1831
1334,0601
1276,4301 11,762,452) 12,038,882)
Total
2,785,517
1,610,740
4,396,257
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrestricted Restricted
funds
funds
2020
2020
Total
funds
2020
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
2,600,000
1,600,000
4,200,000
372,417
1,900,000
2,272,417
1150,2371
1175,5861
1325,8231
1427,5041 11,724,414) 12,151,918)
Total
2,394,676
1,600,000
3,994,676
Page 25

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
20. ACTIVITIES
2021
2020
Nel income for the year las per Statement of Financial Acliviliesl
401,581
109,728
Adjustments for:
Gains on investments
115,0001
1243,6131
11,7231
1,966,770
11,1261
Dividends, interests and rents from investment5
Increase in debtors
Increaselldecreasel in creditors
Interest receivable
1271,9121
1125,6991
1104,7991
12001
1312,2071
Non cash donations
Net cash provided byllused inl opgrating activities
1413,2361
1,815,036
21. ANALYSIS OF CASH AND CASH EQUIVALENTS
2021
2020
Cash in hand
1,240,485
2,181,609
Total cash and cash equivalents
1,240,485
2,181,609
22. ANALYSIS OF CHANGES IN NET DEBT
At1
January
2021 Cash flows
At31
December
2021
Cash al bank and in hand
Debt due within 1 year
2,181,609
1187,0001
1941,1241
1,240,485
1187,0001
1,994,609
1941,1241
1,053,485
Page 26

RANDEREE CHARITABLE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
23. OPERATING LEASE- LESSOR
As 8131 December 2021 the total of the Charity's future minimum lease receipts under non-cancellable
operating leases was".
2021
2020
Not later than 1 year
Later than 1 year and not later than 5 years
90,000
135,000
115,750
225,000
225,000
340,750
The Charity receives rent from leasing out investment properties.
24. RELATED PARTY TRANSACTIONS
During the year, property management fees of £12,770 12020 - £13,346) were charged by Pelham
Incorporated Limited, a company in which Shireen Randeree, a trustee, is a director and controlling
shareholder.
During the year the charity received gifts in kind, for adminislralion and rental space, at a value of
£15,00012020 - £9,887) from Pelham Incorporated Limited.
At 31 December 2021, an amount of £172,507 12020 £65,731) was due from Pelham Incorporated
Limited.
During the year, £42,07912020 - £43,124) was payable to Treasured Insight Limited for key management
personnel seNices provided in the year.
25. POST BALANCE SHEET EVENTS
In June 2022, an investment property owned by a subsidiary of the Charity with a value of £800,000 was
gifted lo the Charity.
In December 2022, the Charity purchased 100Q/o of the shares in an investment property company for
£1.325m.
In January 2023, the Charity completed on the sale of an investment property for £1.6m.
Page 27