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