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2024-08-31-accounts

Company Registration No. 10902793

Charity No. 1176238

IBRAHIM TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

IBRAHIM TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Trust information 3
Trustees' report 4
Independent examiner's report 5
Income statement 6
Statement of financial position 7
Notes to the accounts 8
Detailed income statement 9

IBRAHIM TRUST TRUST INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024

Directors M.I. Chaudhry (Trustee) M.H. Chaudhry (Trustee) Z. Hussain (Trustee) M. Sadeeq (Trustee) A. Sajjad (Trustee) Secretary A.H. Chaudhry Company/Charity Number 10902793 / 1176238 Registered Office 75 HOLLY LANE SMETHWICK WEST MIDLANDS B67 7LD Accountants Tarpon Limited 132-134 Great Ancoats Street Manchester M4 6DE

IBRAHIM TRUST TRUSTEES' REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2024.

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M.I. Chaudhry M.H. Chaudhry M. Sadeeq Z.Hussain A.Sajjad

Company Secretary

A.H. Chaudhry

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing instrument is to promote sustainable development for the benefit of the public, who by reason of their social and economic circumstances, are unable to further their Islamic knowledge and preferred educational career/pathway.

The main activities undertaken in relation to those purposes are:

a. Providing scholarships, bursaries and maintenance allowances at any approved school, college or other educational establishment.

b. In providing financial assistance, tools and equipment.

c. In constructing orphanages, nurseries and schools.

In this year, Ibrahim Trust has continued to participate in charitable work. Some of the highlights of our achievements are below:

Ibrahim Trust will continue to provide much-needed aid to countries such as Syria, Yemen, Rohingya, Kashmir, Pakistan, Afghanistan, Sudan, Palestine, Somalia and Malawi.

We hope to continue supporting these projects as well as others over the coming years.

............................................................................

M.I. Chaudhry (Trustee)

Approved by the board on: 19 October 2024

IBRAHIM TRUST INDEPENDENT EXAMINER'S REPORT

We report on the accounts of Ibrahim Trust for the year ended 31 August 2024.

Respective responsibilities of the Trustees and Independent Examiner

The charity’s trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied ourselves that the charity is not subject to audit under any company law and is eligible for independent examination, it is our responsibility to:

a) examine the accounts under section 145 of the 2011 Act:

b) to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and

c) to state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

  1. which gives us reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 and 395 of the Companies Act 2006;and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by charities have not been met; or

  2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tarpon Limited

132-134 Great Ancoats Street Manchester M4 6DE

19 October 2024

IBRAHIM TRUST INCOME STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024

Income from donations and legacies
Charitable activities
Operating surplus
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
34,000
(10,786)
23,214
23,214
90,862
114,076		 2023
£
27,818
(21,710)
6,108
6,108
84,754
90,862

IBRAHIM TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2024

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
4
Net current assets
Net assets
Charitable funds
Unrestricted funds – general funds
Total funds		 2024
£
114,326

(250)
114,076
114,076
114,076
114,076		 2023
£
91,112
(250)
90,862
90,862
90,862
90,862

For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by

M.I. Chaudhry (Trustee)

Charity no. 1176238

IBRAHIM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Statutory information

IBRAHIM TRUST is registered charity with the number 1176238. The registered office is 75 HOLLY LANE, SMETHWICK, WEST MIDLANDS, B67 7LD.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 250 250

5 Average number of employees

During the year the average number of employees was 0 (2023: 0).

IBRAHIM TRUST DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024

Income
Donations and legacies
Administrative expenses
Internet
Bank charges
Grants made for charitable activities
Sundry expenses
Accountancy fees
Other legal and professional
Operating surplus
Total net income		 2024
£
34,000
153
41
10,208
100
250
34
10,786
23,214
23,214		 2023
£
27,818
120
3
21,337
-
250
-
21,710
6,108
6,108