2024-12-31-accounts

REGISTERED COMPANY NUMBER: 08820017 {England and Walesl REGISTERED CHARITY NUMBER: 1171689 Re ort of the Trnsl Audite Fin Statements for the Y RANDER HARITABL TRUST Andertons Europe Ltd {Statutory Audltors) 1 st FIc￿r Mezzanine 35-37 Ludgate Hill London EC4M 7JN

RANDEREE CHARITABLE TRUST Contents of the Financial Statements for the Year Ended 31 Decernber 2024 Page Reference and Administrative Details Report of the Trustees Trustees, Responsibility Statement Report of the Independent Auditors 6 lo 10 Statement of Financial Activitses Balance Sheet 12 to 13 Cash Flow Slatement 14 Notes to the Cash Flow Statement 15 Noles to the Financial Statements 16 to 32

RANDEREE CHARITABLE TRUST Reference and Administrative Details for the Year Ended 31 Decemb 024 Trustees R B Brown Solicitor S J Mitchell Consultant N M Waller Surveyor Z S Randeree Ms S Randeree F A Randeree Reglstered offlce 84 Newman Street London W1T 3EU Reglstered company number 08820017 (England and Wales> Reglstered charlty number 1171689 Audltors Andertons Europe Ltd (Statutory Auditors) 1st Floor Mezzanine 35-37 Ludgate Hill London EC4M 7JN Page 1

RANDEREE CHARITABLE TRUST Re istered number. 08820017 Re ort of the Trustees for the Ye nded 31 De￿rnber 2024 The Trustees (who are also Directors for the purposes of Company Law) presenl their annual report together with the audited financial statements of the charity for the ended 31 Dec6mb8r 2023. The Trustees and Directors confirm that the Annual Raport. which includes the Directors report, and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's govemlng document and the provisions of the Statement of Recommended Practice (SORP), applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Since the charity qualifies as small under seGtion 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strdtegic Report and Directorfs Report) Regulations 2013 is not required. Trust809 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 Structurei governance and rnanagoment Randeree Charitable TNst is an incorporaled charity, constituted by its Memorandum and Articles dated 18 December 2013 as amended on 28 November 2017. The company regist8red as a charily on 20 February 2017. Th8 Charity is run by the Board of Trustees, detailed above. The Truslees moet and comrnunicate regularly to ￿VIeW perfomiance of the Charity, consider risks and issues affecting the Charity, and to revlew the future plans of the Charlty. Appolntment cf new Trustees Is govemed by the Memorandum and Articles of tha Charity. The members of the 8oard of Trustees are authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing Trustee. The new Trustees are briefed about thelr duties frorn the current Trustees. The Trustees actively review the major risks the Charity faces on a regular basis. The Tfustees have also examined other operational and business risks faced by the Charity and have established systerns to mitigate these risks. Page 2

RANDEREE CHARITABLE TRUST Re istered number: 08820017 Re ort of the Trustees for th Year Ended 31 Decemb r 2024 Objectives and actlvltiès Objectlves and alms The objectives of the charity arè to make grants for the charitable purposes of advancing education arKI amateur sports for the public benefit, to empower young people from disadvantaged backgrounds and support other such charttable purposes which satisfy The Charity Commission's guidance on public benefit The short-term and long-tami objectives of the charity during Ihe year ware to use donations received to make charitable distributions in furtherance of the Gharity's objectives. The grants have been made to organisations arKI projects which promote: education, inclusion and empowemient of young people from disadvantaged communities; community cohesion through interfaith dialogue and research; and amateur sports, This is the strategy that the charity has been using to further its aims, with the Trustees and Directors deciding which individuals and organisations to make grants to. In establishing the obieclives and activities of th8 Charity, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit, The two rnain criteria which the charity uses to measure success (i.e. its key perfomance irKlicators) are the volume of donats'ons ￿CeiVed and donations paid to further the charity'5 objectives. The Trustees and Director5 are also keen to ensure impact of the projects it supports and does this through 8 report￿9 procedure agreed with each grantee as seems appropriate to the nature of the projecL Achievements and porfomiance In 2024, the charity fulfilled its commltments to projects Snitiated in previous years, including those advancing opportunities for young people In education and careers, and those promoting Interrefigious understandlng. The Trust maintained close engagement with partner charities, organisations, and institutions to ensure its support continued to deliver meaningful and sustalnable impact. Looking ahead. in 2025 Ihe Twst will build on the strateglc, collaborative, and values4riven approath of recent years, with continued emphasis on fostering strong and authentic leadership, strenglhening cornmunity coheslon. and supporting younger ganeratlons. Flnanclal review During the year, the Charfty achieved a deficil of £ $78,163 (2023 - surplus of £22,906). As at 31 De￿rnber 2024 the charity had unrestricted funds of £ 3.926.469 (2023 - £4.392.068) and restrlcted funds of £ Nil (2023 4112,564). It Is the Policy of the Trustees to ¢ontlnue to build ￿SerVeS and use the funds lo make donations for Charitable purposes. The level of donations made by the charity fluctuales year on year depending on availability of funds and need. In addition, fixed cosls are kept to a minimal level and are usually funded by investment income raised in the year. As suth, the Trustees do not consider the need to set a fomial reserves policy but will continue to review this. The principal risks which affects the charity's futu￿ 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 cary out any significant fundraising actsvities in the currenl or prior year. Page 3

RANDEREE CHARITABLE TRUST Re islered number.. 08820017 Re ort of the Trustees for the Year Ended 31 December 2024 Objectlves and activities Plans for future perlods The Truslees remain committed to advanclng education and empowering young people from disadvantaged backgrounds through initiatives that promote civic engagement, leadership. and mentoring. In 2024. the Trust continued with direct donations and grant making that further these aims and supported projects demonstrating measurable and sustainable social impact. The Trustees also remained committed to fostering interfaith dialogue and supporting research that promotes greater understanding and respect within and across Gommunities. The Trust's 'YJridge-building" mission has been particularly relevant in light of social tensions arislng from anti-migrant demonstrations, increased incidents of racism, and ongoing conflict in the Middle East In response. the Twst continues to prioritise projects and partnerships that strengthen dialogue, cohesion, and mutual respect across diverse Gommunilies. During 2024, the Trust, in collaboratson with partner charities, successfully delivered the second iteration of a nationwide training programme for young British Muslim faith leader5-both men and women-from across the UK'S diverse cornrnunities. Evaluation of Ihe programme evidenced significant positive outcomes for participants, including enhanced leadership capability, confidence, and Gornmunity engagement. The Trust intends to continue expanding and strengthening this I network of emerging leaders, ensuring they are well equipped to serve thelr communities and contribute positively to wider society. Looking ahead, the Trustee8 remain focused on the long-temi sustainability of the Trust. Work contlnues to identify opportunities to increase income from its assets, thereby securing additional furKling for the Trust's charitable objectives and reducing reliance on extemal donations. The Trustees are committed to consolidating the Trust's positlon as a proactive, values-driven grant maker, deepening strateglc collaborations with INsted partners. and ensuring that its resources continue to dellver meaningful and lasting impact. Structure, governance and management Governlng document The charity is controlled by Its goveming document, a deed of trust, and constitutes a limited company, Ilmited by guarantee, as defined by the Companles Acl 2006. Audltor8 The auditors, Andertons Europe Ltd (Statutory Auditors), will be proposed for re•appointment at the forthcoming Annual General Meeting. Approved by order of Ihe board of trustees on ......... by 1¥.1/2025 and signed on its behalf Ms S Randeree - Trustee Page 4

RANDEREE CHARITABLE TRUST Trustees, Res nsibilit Statement forthe Year End d 31 e￿rnber 2024 The trustees (who are also the directors of RANDEREE CHARITABLE TRUST for the purposes of company law) are responsible for preparing the Raport of the Ttustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial yearwhich give a true and fair view of the state of affairs of the charitable company and of the Incoming resources and application of resources, including the income and expenditura, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accountlng policies and then apply Ihem consislently, observe the methods and principles in the Charity SORP; make judgements and estimales that ar8 reasonable and pwdent, prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charitable company will continue in business. The trusle8s are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. In so lar as the trustees are aware: there is no relevant audit information of which the charilable company's auditors are unaware; and the trustees have tsken all steps that they ought to have taken to make thernselves aware of any relevanl audit information and to establish that the audltors are aware of that information. Page 5

Re rt of the Inde endent Auditors to the Trustaes of RANDEREE CHARITABLE TRUST Opinion We have audited Ihe financial statements of RANDEREE CHARITABLE TRUST {the 'charitable company,) for the year erKled 31 Decernber 2024 which comprise the Statement of Flnancial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, induding a summary of significant accounting policies. The financial reporting framework that has been applied In their praparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statemenls-, give a true and fair view of the state of the charitable company's affaits as at 31 December 2024 and of ils incoming resources and application of ￿sOurces, including its income and expenditure, lor the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Cornpanies Act 2006. Basis for oplnlon We conducted our audlt In accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards ar8 further described in the Auditors, responsibilities for the audit of the financial slatements section of our report. We are irKlependent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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 to provide a basis for our opinion. Concluslons relallng to going concern In auditing the financlal statements, we have concluded thal the trustees, use of the golng concem basis of accounting in the preparatlon of the financial statements is appropriate. Based on the work we have performed, we have not identif￿d any material uncertalntles relating to events or conditions that, Indlvldually or coll8Ctlvely, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financlal statements are authorised for issue. Our responsibilitles and thè responsibilities of Ihe trustees with respect to going concern are described in the ralevant sections of this report. Other Inforniatlon The trustees are responsible for the other information. The other infomiation comprises the Information Included in the Annual Report, other than the financial stalements and our Report of the Independent Auditors thereon. Our opinion on the financial slatement5 does not cover the other information and, ex￿pt to the extent othenvise explicitly stated in our report. we do not express any fomi ol assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information arKI, in doing 50, consider whether the other information is materially inconsistent with Ihe financial statements or our knowledge obtained in the audit or otherwise appears to be materially rTli58taled. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether thls 95ves rise to a materlal misstatement in the Inancial statements Ihernselves. If, based on the work we have perfomied, we conclude that the￿ is a malerial misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 6

Re ort of the Inde endent Auditors to the Truslees of RANDEREE CHARITABLE TRUST Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion.. the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or the charitable company has not kept adequate accounting records., or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. Responsibllltles of trustees As explained more fully in the Tru5tees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being sati5fRd that they give a true and fair view, and for Such intemal control as the trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or em?r. In p￿paring the financial st8lements, the truslees are responsible for assessing the charitable ompany's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless tha trustees either intend to liquidale the chafilable company or to cease operations, or have no realistic altemative but to do s¢x' Page 7

Re ort of the Inde endent Auditors to the Trustees of FIAMDEREE CHARITABLE TRUST Our responslbi1Stles for the audlt of the financlal statements We have been appoinled as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, thether due to fraud or error, and to issue a Report of the Independent Auditors Ihat includes our opinion. Reasonabl8 assurance is a hlgh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will ahvays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected to influence the economSc decisions of users taken on the basis of these financial ststements. The extent to which our procedures are capable of detecting irregulanties, including fraud is delailed below., Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures a￿ capable of detecting irregularities, including fraud is detailed below.. In identifying and assessing rlsks ol material misstatement In respect of irregularities, including fraud and noncompliance with laws and regulalions, we considered the following: Eriquiries of managemenl, including obtalnlng and reviewing supporting documentatlon, concemlng the charity's policies and procedures relating to: identifying, evaluating and complying with laws arKI regulations and whethgr they were aware of any Instances of non-compliance • datecting and responding to the rlsk5 of fraud and whether they havè knowledge of any actual, suspected or alleged fraud; and the intemal controls established to mitigate risks related lo fraud or non-compliance of laws and regulations; and Discussions among the engagement team regarding how and where fraud might occur in the financial statefflents and any potenlial indicators of fraud. The engagement team includes audit partners and staff who have extensive experience of working with charities in similar sector5 and this experience was relevant lo the discussion about where fraud risks might ari58. We also obtained an understanding of the legal and regulatory framework that the charity operales in, focusing on provisions of those laws and regulations that had direct effect on the determination of material amounts and disclosures in the financial statements. 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 olher laws and regulations that do not have a direct effecl on the financial statements but compliance ￿1th which may be fundamental to the charity's abilty to operate or to avoid a material penalty. Pag8 8

Re ort of the Inde endent Auditors to the Trustees of RANDEREE CHARITABLE TRUST As a result of these procedures, we considered the particular areas that were SUs￿Ptib1e to rnisstatement due to fraud were in respect of unrecorded grant commitm8nts and the lack of dedicated finance function. Our procedures to respond to risks identified included the following: Reviewing Ihe financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and ragulations described as having a direct effect on the financial statement5- Enquiring of management concerning actual and potential litigation and claims., Perfoming analytical PrO￿￿ureS to identify any unusual or unexpected relationships that may Indicate risks of material misstatement due to fraud., Reading minutes of meetings of those charged with govemance", In addressing the risk of fraud through management override of controls; assessing whether the judgements made in making accounting estimates are indicalive of a potential bias., and evaluating the ralionale of any significant transactions that are unusual or outside the normal course of the charity's operations- Performing after date reviews to assess the need to recognise additional grant cofflmitments,. Substantive testing on 8 5arnple of transactions in the year. Because of the inherent limitation5 of an audit, there is a risk that we wlll not detect all irregularities, Including those leading to a material misstatement in the financial statements or non4ompliance with regulation. Thls risk increases th8 more that complianGe with a law or regulation is removed from the 8vent8 and transactions reflected in the financial statements, as we will be less likaly to becorne aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather Ihan 8rror, as fraud involves Intentional concealment, forgery, colluslon, omisslon or misreprnsentatlon. A further descriptlon of our responsibilities for the audit of the financial statements Is locatèd on the Financial Reporting Council's website at v￿￿.frc.Org.UkIauditOrsresponSlbllitles. Thls description fomis part of our Report of the Independent Auditors. Page 9

Re ort of the Inde endent Auditors to the Trustees of RANDEREE CHARITABLE TRUST Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Report5) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charilable company's trustees as a body, for our audil work, for this report, or for the opinions we have formed. Andertons E pe Ltd (Statutory Auditors) Eligible to act as an auditor in tenns of Section 1212 of the Companies AGI 2006 1 st Floor Mezzanine 35-37 Ludgate Hill London EC4M 7JN L4.//2025 Page 10

RANDEREE CHARITABLE TRUST Statement of Fin ncial Activities for the Year Ended 31 De￿rnber 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes Income and endowments from Donations and legacies 15.000 182,039 197.039 238.990 Investment income 371,515 127.570 499,085 867,337 Total 386,515 309.609 696,124 1 106,327 Expendlture on Ralsing funds 213,820 127,570 341,390 646,781 Charltable activltles Charitable activities 274,679 174,553 449,232 436,640 Net impaimient of investments 483,665 483,665 Total 972,164 302,123 1.274,287 1083421 NET INCOMEI(EXPENDITURE) (585,649) 7,486 (578,163) 22.906 Net mov•m?nt In funds (585,649> 7,486 (578,163) 22,906 Reconciliation of funds Total funds brought forward 4,392,068 112,564 4,504,632 4,481,726 Total funds carrled forward 3,806,419 120 050 3,926.469 4.504.632 The notes form part of these financial statements Page11

R4NDEREE CHARITABLE TRUST Re islered number.. 08820017 Balance Sheet 31 December 2024 2024 2023 Notes Flxed assets Investrnent property 4,613,969 5,088,665 Current assets Debtors Cash in hand 12 298.163 193.118 333,803 703,479 491,281 1,037,282 Credltors Arnounts falling due within one year 13 {54.224) {402,816) Net current assets 437 057 634.466 Total a53els less current Ilabllities 5,051,026 5,723,131 Credltors Arnounts falling due after more Ihan one year 14 {1,124,557) (1,218,499) NET ASSETS 3,926,469 4 504 632 Funds Unrestricted funds 17 3 926,469 4 504,632 Total funds 3 926,469 4 504,632 The charitable company is entitled to exemption from audit under Sectlon 477 of the Companies Act 2006 fcrthe year ended 31 December 2024. The m8mberB have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of Ihese financial statements. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 387 of Companies Act 2006 and (b) p￿Paring financial statements which give a true and fair view of the slate of affairs of the Char￿able company as at the end of each financial year and of its sU￿lUS Dr deficit for each financial year in accordan￿ with the requirements of Sections 394 and 395 and which othe￿iSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been audited under Ihe requirements of Section 145 of the Charities Act2011. The notes form part of these financial statements Page 12 continued...

RANDEREE CHARITABLE TRUST Re istered number. 08820017 Balance Sheet- continued 31 December 2024 These financial stalements have been prepared in accordance with the provislons applicable to charitable companies subject to the small companies regime. The financial 5tat8ments were approved by the Board of Trustees and authorised for issue on L¥,/1,2￿5................ and were signed on its behalf by., Jil f S Rand8re• . Trustee The ncles fomi part of these financial statements Page 13

RANDEREE CHARITABLE TRUST Cash Flow Statement for the Year End 1 December 2024 2024 2023 Notes Cash flows from operatlng activlties Cash generated from operations 864,3361 2,161,459) Net cash used in operating activities 864,336) 2,161,459) Cash flows from Investlng actlvltles Purchase of investment property Sale of investment property Dividend,interest,rent from investments (8,969) (57.890) 1,600,000 379,087 362,944 Net cash provided by investing activities 353,975 1,921,197 Change in cash and cash equivalents In the Yeportlng perlod Cash and cash equivalents at the beglnnlng of the reporting period (510,361) (240.262) 703.479 943.741 Cash and Gash ?qulvalents at tha and of the reportlng perlod 193 118 703 479 The notes forni part of these financial statements Page 14

RANDEREE CHARITABLE TRUST Notes lo Ihe Cash Flow St tement for th ar Ended 31 De ber 2024 Reconclllatlon of nèt (expenditure)lincome to net Cash flow from operating activities 2024 2023 Net (expendlture}lincome for the reporting parlod (as per the Ststernent of Flnanclal Activlties) Adjusiments for: Dividends and rents from Investments Interest receivable Revaluation of freehold properties Decrease in debtors Decrease in creditors (578.163) 22,906 {351,195) (368,053) (11,749) (11,034) 483,665 35,640 442,534 25,725 1,831.003 Net cash used In operatlons 864.336) 2 161.459) AnalyJls of changes In net funds At 1.1.24 Cash Ilow At 31.12.24 Net cash Cash at bank and in hand 703,479 510,361 193.118 703,479 510.361 193,118 Total 703,479 510,361 193 118 The notes fomi part of these financial statements Page 15

RANDEREE CHARITABLE TRUST Notes to the Finan ial Statements for the Year Ended 31 December 20 Accountlng policies Basls of preparlng thé financial statements The financial statements of the charitable company, which is a public b&n8fit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities. Statement of Recornmended Practice applicable to charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and Ihe Companles Act 2006. The financial statements have been prepared under the historical cost convention. with the exception of investments which are induded at market value, as modified by the revaluation of certain assets. Randeree Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilili85 are initially recognised at historical cost or transaction value unless otheThiise stated in the relevant accounting policy. Golng concern The Charity is in the main reliant on donation and rental income and the support of related Parties to meet its running costs. Due to the nature of its artivities, the majority of the Charity's expenditure15 Incurred directly on grant making and so the Charity is able to control its direcl charitable expenditure based upon the level of donatlon and rental income thal it has received and the anticlpated ongolng support of related parties. The Tfustees consider it appropriale to prepare the financial statements on a going concem 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 adjustmerbt which would result if there were insLrffiGient funds available in respect of the Charity's operations. Incomo All income Is recogn15ed once the Charily has entStl8menl to the income, It Is probable that the income will be received and the amount of income receivable can be measured reliably. Donation income15 recognlsed in the period when the pledge is made. Rental Income Is recognlsed when due with tho relevanl accrued and deferred income adjustments processed. On receipl, donated professional ser4ices, donated facilities and donated properties are recognised on the basis of the value of the gift to th8 Charily which is Ihe amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recogni5ed in expenditure in the period of receipL Income tax recoverable in relation lo investment income is recognised at the time the investmenl income is receivable. Page16 continued...

RANDEREE CHARITABLE TRUST Notes lo the Financial Statements - continued for the Year nded 31 e￿rnber 2024 Accounting policles - continued Expendlture Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit to a thlrd paty, it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs. Including support Gosls involved in undertaking each activity. Direct costs attributabl8 to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributsble to a single aGtivity are apportioned between Ihose activities on a basis consistent with the use of resources. 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 fvnds includes all expenditure incU￿ed by the Charity to raise funds for its charitable purposes. Expendilure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated 5UPPOrt costs. Support C05ts are those cosls incurred directly In support of expenditure on the objects of the charity and govemance costs. Grants payable are charged In the year when the offer Is made except in those cases where the offer Is conditional, such grants belng racognlsed as expenditure when the condltions attaching are fulfilled. Grants offered subject to condttions which hav8 not been met at the year end are noted as a commitment, but not accru8d as expenditure. All expenditure is inclusive of irre¢overabla VAT except for transactions relating to opted to tax inve51ment properties. Investment property Investment property Is carrled at fair value derived from the current market rents and investment property ySelds for comparable real eslal8, adjusted if necessary for any difference In the nature, location or condition of the specific asset. No depreciation is provlded. Changes In fair value are recognised in the Statemgnt of Financlal Activities. Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which Gase it is measured at cosl less impairment. Investment gains and losses. whelher r8alised or unrealised, are combined and shown in the heading 'Gainsl(Losses) In the Statement of Financial Activities incorporating Income and Expenditure Account. Investrnents in subsidiaries are valued at cost less provision for impairmenL Page 17 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year End d 31 December 024 Accountlng pollcles • contlnued Taxatlon The Charily is considered to pas5 the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categorie5 covered by Ch3pter 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. Fund accounting General funds are unrestricted funds which are available for use at the discrelion of the Trustees in furtherance of Ihe general objeclives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wilh specific restrictions imposed by donors orwhich have been raised by the Charity forparticular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricled fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Inter88t recelvable Interest on funds hekl on deposit 13 Included when receNable and the amount can be measured reliably by the Charity; this is nomially upon notification of the interest pald or payable by the Bank. Forelgn eurrencles Monetsry assets and liabilities denominated in foreign currencies are translated into starfing at rates of exchange ruling at the reporting date. Transactions in foreign currencles are translated into sterling at the rate ruling on the date cf the transaction. Exchange gains arKI losses are recognised In the Statement of Flnanclal Activities Incorporating Income and Expenditure Account. Operating leases Rentals under operating leases are Gharged to the Statement of Financial Activities incorporating Income and Expenditure Account on a straight line basis over the lease term. Benefrts received and receivable as an incentive to sign an operating lease are recognised on straight line basis over the lease temi, unless another Systematic basis is representative of the time pattem ol the lessee's benefit from the use of the leased asset. Page 18 continued...

FIANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 1 December 2024 Accountlng policles - contlnued Operating leases Trade and other debtors are recognised at the settlement amount after any Irade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and in hand includes cash and short4erm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account, Liabilities and provlslons Liabilities are recognised when the￿ Is an obligation al the Balan￿ Sheet date as a resull of past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are rncognised at the amount that the Charity anticipates it will pay lo settle the,debt or the amount it has received as adVan￿d payments for the goods or services it must provide, Provisions are measured at the best estimate of the amounts required to settle the obllgatlon. IPther8 the effect of the time value of money Is material, the provision is based on the present value of those amounts, discounted at the pre-tax disGounl rate that reflects the risks specific to the Ilabilily. The unwinding of the dlscount Is recognised in the Statement of Financial Activities as a finance cost. Flnanclal Instrumenls The Charity only has financial assets and financial liabilities of a kind that qualify a5 ba3iC financial instruments. Basic financial instruments are initially recognised at transactlon value and subsequenlly measured at their Settlement value with the exception of bank loans which are subsequently measured at amortised Gost using the effective interest method. Page 19 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued f r the Year Ended 31 December 2024 Donatlons and legacies UnroStrf¢ted Restrfcted funds funds 2024 2024 Total funds 2024 Donations and gifts 15,000 182,039 197.039 Unrestricted Re5trlcted funds funds 2023 2023 Total funds 2023 Donations and gift5 15,000 223,990 238,990 Investment Income Unrestrlcted Restrfcted funds funds 2024 2024 Total funds 2024 Rental Income Lease incenlive5 Bank Interest receivable 351,195 8,571 11,749 351,195 136,141 11,749 127,570 371,515 127,570 499,085 Unrestrlcted Rèstrlctsd funds funds 2023 2023 Total funds 2023 Rental income Dividend income Lease in￿ntiveS Bank interest re￿1vable 312.711 97,828 8.571 11,034 312,711 97,828 445,764 11,034 437.193 430,144 437,193 867,337 Page 20 continued...

FIANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2024 Ralslng funds Costs of raising voluntary Income Unrestrlcted Restricted funds funds 2024 2024 Total funds 2024 Management fees Property cosls 22.703 191,117 22.703 318,687 127,570 213,820 127,570 341,390 Unrestricted Restrlcted funds funds 2023 2023 Total funds 2023 Management fees Property costs 14,308 195,280 14,308 632,473 437,193 209,588 437,193 646,781 Page 21 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2024 Charltable actlvltles costs Summary by fund type Unrestrlcted Restrlcted funds funds 2024 2024 Total funds 2024 Grants making activity Mosaic Leadership Programme 237,848 36,831 114,632 59,921 352,480 96,752 274,679 174,553 449.232 Unrestrlctsd Restricted funds funds 2023 2023 Total funds 2023 Grants maklng activity Mosaic Leadership Programme 220.271 47,063 107,000 62,306 327,271 109,369 267,334 169,308 436,640 Page 22 continued...

FIANDEREE CHARITABLE TRUST Notes to the Financial Stalements - continued Of the Year En ed 31 De￿rnber 20 Dlrect Costs of charltable actlvltles ANALYSIS OF EXPENDITURE BY ACTMTIES Actlvltles ndertaken dlrectty 2024 Grant fundlng of Support activitles costs 2024 2024 Total funds 2024 Grant making activity Mosaic Leadership Programm8 237,848 114,632 36.831 352,480 96,752 59,921 59,921 237,848 151,463 449.232 Actlvltios undertaken dlrectty 2023 Grant fundlng of Support actlvitles costs 2023 2023 Totsl funds 2023 Grant making activlty Mosaic Leadership Programme 202,715 124.556 47,063 327,271 109,369 62,306 62,306 202,715 171,619 436,640 Page 23 continued...

R4NDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 De￿rnb 024 Grants payable ANALYSIS OF GRANTS Total funds 2024 Grants 2024 Naz legacy Foundation Nisa Nasim Sport 4 life UK Woolf Institute The together Initiative St Edmund's College RCCN- Royal Northem College Woolf Institute 10,000 5.000 10,000 15,000 15.000 31.215 5,000 20,000 10,000 5.000 10,000 15,000 15,000 31,215 5,000 20,000 F ii, Prince Trust intemational Solutions not side Prince Trust Intemational IslamlG Relief AzharAcademy Musllm Hands Muslim Aid Al Manaar Human Appeal Utriii Aghosh UK 10,533 12.000 20,000 25,000 20,000 6,600 10.000 15,000 2,500 2,500 2,500 10,533 12,000 20,000 25,000 20,000 6.600 10,000 15,000 2,500 2,500 2,500 237,848 237,848 Total funds 2023 Grants 2023 St Edmund's College Solutions not sides Muslim Aid Yusuf Islam Foundation IslamiG Relief Azhar Academy The kin9's Tru51 Intemational Al Manaar Football for Peace 30,000 11,250 10,000 10,000 10,000 15,000 35,000 10,000 14,965 30,000 11.250 10,000 10,000 10,000 15,OIK) 35,000 10,000 14.965 Page 24 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements- continu for the Year End d 310ecernber 2024 Grants payable - contlnued The Hall School Endowment Fund Farhana Mayer Other grants to institLrtions Other grants to individuals 25,000 10,000 19.000 2,500 25,000 10,000 19,000 2,500 202,715 202,715 The Charity entered into a Li￿nSe to Occupy arrangement commencing 3 November 2022 wilh two beneficiaries in respect of a propety leased by the Charity. The license fee payable by the beneficiaries to the Charity was a peppercom. This arrangement was entered into as a way to further the Charity's objectives. Page 25 continued,..

RANDEREE CHARITABLE TRUST Notes to the Financlal Statements - continued for the Year Ended 31 December 024 Support Costs ANALYSIS OF SUPPORT COSTS Grants Mosalc making Leadershlp activity Programme Total funds 2024 2024 2024 Bank charges Professional fees - non property Management fees Audit and accountancy fees Gas & Electricity Rent & Rates Bad debt Water & Sewage 11 43,428 36,600 12,261 1,831 3,331 (3,038) 4,639 34.667 78,095 36,600 14,425 1,831 3,331 {3,038) 4,639 2,164 99,063 36,831 135,894 Grant Mosalc maklng Leadershlp actlvlty Programme Total funds 2023 2023 2023 Bank charges Professlonal fee8 - non property Management fees AudFt and accountancy fees Electricily Rent and rates Bad debts Entertainment Sundry expenses 32 42,490 36,600 14,722 334 5,327 22,406 32 86.835 36,600 17,320 334 5,327 22,406 120 2,645 44.345 2,598 120 2,645 124,556 47,063 171,619 During Ihe current and prior year, the charity had no employees and therefore no employeeg with remuneration above £60,000. Page 26 continued...

RANDEREE CHARITABLE TRUST Notes to the Financi I Statements - continued for tha Year Ended 31 De￿rnber 2024 Trustses, remuneratlon and benefits There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expens6s paid for the year ended 31 Decernber 2024 nor for Ihe year ended 31 December 2023. 10. Fixed asset Inve3tmgnts There were no investment assets OLrtside the UK. SUBSIDIARIES The following were subsidiary undertakings of Ihe Charity with the Charity owning 1 Oooh of the ordinary share capital of each entity: Reglstered offlce or Company prlncipal number place of buslnes5 Names Prlnclpal actlvlty Mossley Hlll BG Properties Limited 8329 Sulte 202, Second Floor Eden Plaza, Eden Island P.0. Box 1312 Mahe. Seychelles Domianl Swallow Holdings Limited 8630 Suite 202, Second Floor Eden Plaza, Eden Island P.0. Box 1312 Mahe, Seychelles Doffliant Mall Holdings Limlted 14299 Suite 202, Second Floor Eden Plaza, Eden Island P.0. Box 1312 Mahe, Seychelles Dormant The subsidiaries prepare financial statements to 31 March each yearwhich is not coterminous with the Charity. All subsidiaries had net assets of NIL on 31 March 2024 Page 27 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statement for the Ye nded 31 De￿rnber continued 024 11. Investment property FAIR VALUE At 1 January 2024 Additions Revaluation 5,088,665 8,969 483,665 At 31 December 2024 4,613,969 NET BOOKVALUE At 31 December 2024 4 613,969 At 31 December 2023 5.088.665 The historical cost of the investment properties as at 31 December 2024 was £ 5,082,434. The freehold investment properties were valued at £ 4,613,969 as at 31 December 2024 by the Trustees who are qualified property managers. Falr value at 31 December 2024 is represented by: Valuation in 2024 Cost {468,665) 5 082 634 4,613,989 12. Debtors: amounts lalllng due wlthin one year 2024 2023 Trade debtors other debtors Prepayments and accrued income 31,568 156,553 110,042 33,036 174,835 125,932 298,163 333,803 Page 28 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Stalements - continued for the Year En ed 31 December 2024 13. Credltors less than one year 2024 2023 Trade creditors Other creditors Accruals and deferred income Grants payable 1,592 4,548 48,084 17,100 4,547 365.020 16,149 54.224 402,816 Deferred income of £ 47,915 (2023- £53,332) relates to 2024 rental income received in advance. Deferred income also includes a landlord conlribLrtion on a new lease lotalling £ Nil (2023 £41,929) wthich will be released to the Statement of Financial Activities as related expenditure Is incurred. Included in accruals is a lease incentive creditor lolalllng £8,571 (2023 - £8,571) which will be leased to the Statement of Financial Activities over the temi of the lease. 14. Credltors: amounts falllng duo after mora than one year 2024 2023 Accruals and deferred income 1124.557 1218 499 Deferred Income also includes a landlord contribution on a new lease tolalling £ 873,842 (2023 £ 959,213) which will be released to the Statement of Financial Activities as related expenditure is incurred. Included in accruals is a lease incentive creditor totalling £250.715 {2023 - £ 259,286) which will be released to the Statement of Financlal Activities over the term of the lease. 15. Operating lease - lessor As at 31 December 2024 the total of the Charity's future minimum lease recelpts under non- cancellable operating leas85 was.. 2024 2023 Not later than 1 year Later than 1 year and not later Ihan 5 years 17,82Q 311,636 184,888 120,312 329,456 305,200 The Charity receive5 rent from leasing out inveslment properties. Page 29 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Stat ments - conlinued for the Y ar Ended 31 Derkmber 2024 16. Analysls of net assets between funds ANALYSIS OF NET ASSETS BETWEEN FUNDS. CURRENT YEAR Unrestrfcted Restricted Endowmen Totsl funds 2024 funds 2024 funds 2024 funds 2024 Investment Propety Current assets Credltors due within one year Creditors due in more than one year 4,613,969 (502,340) 993,621 (54,224) (250,986) (873,571) 4,613,969 491.281 (54,224) (1,124.557) Total 3,806,419 120,050 3,926,469 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestrlctod Restricted Endowmant funds funds funds 2023 2023 2023 Total funds 2023 Investment Property Current assets Creditors due withln one year c￿ditOrS due in more than one year 5,088,685 (76,424) 1,113,706 {360,887) (41,929) (259,286) {959,213) 5,088,665 1,037.282 (402,816) (1,218,499> Total 4,392,068 112,564 4,504,632 Page 30 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for Year Ended 31 December 2024 17. Movement In funds STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 January 2024 Balance at Transfers 31 December inlout 2024 Income Expenditure Unrestrlctsd funds General Funds 4,392,068 386,515 {972,164) 3,806,419 Restrlcted fvnds Property Fund Property lease Incentive Fund Zakat Fund Mosaic Leadership Programme Fund 127,570 182,039 (127,570) (114,632) 68,817 136,224 43,747 (59,921) (16,174) 112,564 309,609 (302,123) 120,050 Total of funds 4,504.632 696,124 (1,274,287) 3,926,469 The property leas8 Incentive relates to a contribution towards service charges. insurance premlums, rates utilities and other financlal outgoings for Park Crescent, The Zakat Fund represents donations received whlch are to be spent on Zakat eluible projects. Mosaic Leadership Programme Fund relates to training for British Muslim faith leaders lo develop the skills necessary to support their communities and young people. Page 31 continued...

RANDEREE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year End d 31 December 2024 17. Movement in funds • contlnued STATEMENT OF FUNDS- PRIOR YEAR Balanca at 1 January 2023 Balance at Decembar 2023 Transfers inlout Income Exp8nditura Unfestrlcted funds General Funds 2,823,846 445,144 (476,922) 1,600,000 4,392,068 Re5tr1cted fvnds Property Fund Property lease incenlive Fund Zakal Fund Mosalc Leadership Programme Fund 1,600,000 (1,800,000) 437,193 123,990 (437,193) (107,000) 51,827 68,817 6,053 100,000 {62,306) 43,747 1,657,880 661,183 {606,4990) (1,600,000) 112,564 Total of funds 4,481,726 1,106,327 (1,083,421) 4,504,632 18. Related paty disclosures During the year, property rnanagernent fees of £ 22,703 (2023 - £14,308> were charged by Pelham Incorporated Lifflited, a company In which Shireen Randeree, a trustee, is a director and controlling shareholder. Restricted donations made by Trustees during the year totalled £ Nil (2023 - £ 25,000). During the year the charity ffjceived gifts in kind, for administration and rental space, at a value of £ 15,000(2023 - £15,000) from Pelham Incorporated Limited. At 31 December 2024, an amount of £ 153,114 (2023- £170,897) was held in a client account and was due from Pelham Incorporated Limited. During the year, £ 68,933 (2023 - £64,963) was paid to TreaSU￿d Insight Limited for key management personnel services provided in the year. There were no related party transactions forthe year ended 31 December 2024. Page 32