SHADE OF MERCY FOUNDATION
TRUSTEES' REPORT & FINANCIAL STATEMENT
FOR THE YEAR ENDED 31ST JULY 2024
CHARITY REGISTRATION NO: 1179350
SHADE OF MERCY FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees and Professional Advisors | 1 |
| Trustees Report | 2 |
| Accountants Report | 3 |
| Receipts and expenditure account | 4 |
| Balance Sheet | 5 |
| Notes to the accounts | 6 |
SHADE OF MERCY FOUNDATION
TRUSTEES AND PROFESSIONAL ADVISORS
CHAIR: Zeina El- Debs TRUSTEES: Sarah Harb Sima Khayat Aasiya Ahmed BUSINESS ADDRESS: 116 Bolshaw Road Heald Green Cheadle SK8 3PD United Kingdom BANKERS: Al Rayan Bank Plc P O Box 12461 Birmingham B16 6AQ ACCOUNTANTS: Zaheer and Company 63 Kingsway Burnage Manchester M19 2LL
Page 1
SHADE OF MERCY FOUNDATION
TRUSTEES REPORT
Treasurers Responsibilities
Charity law requires the trustees to prepare statements of accounts for each financial year. In preparing those financial statements, the trustees are required to:-
select suitable accounting policies and apply them consistently
-
make judgements and estimates that are reasonable and prudent
-
prepare the financial statements on the going concern basis unless it is in appropriate to presume that the trust will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with ' The Charity (Accounts and Audit) Regulations 1995.
Corona Virus
Trustees ensured that the work of the charity was curtailed to create social distance amongst all the participants in the work of the charity. They implemented a robust policy of observing SOP rules by all the trustees, employees, volunteers and other service users of the charity.
Mrs. Zeina Abdul Sattar El-Debs Chair person
Date:
Page 2
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF SHADE OF MERCY FOUNDATION
I report on the accounts of Shade of Mercy Foundation, registered charity number 1179350 for the accounts period ended 31st July 2024 which are set out on pages 4-6
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation for the accounts in accordance with the requirement of the Charities Act 2011 (''the Act''). The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the 2011 Act)
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act); and in accordance FRS 102 SORP
-
to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT:
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes 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 I 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 my attention;
- (1) which gives me reasonable cause to believe that in any material respect the requirements
. to keep accounting records in accordance with section 41 of the Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr. Farroukh Zaheer (FCCA) Zaheer and Company
Chartered Certified Accountants and Registered Auditors 63 Kingsway Burnage Manchester M19 2LL Date:
Page 3
SHADE OF MERCY FOUNDATION RECEIPTS AND EXPENDITURES ACCOUNT FOR THE YEAR ENDED 31ST JULY 2024
| Notes RECEIPTS 1 EXPENDITURES 2 NET INCOME / LOSS FOR THE YEAR BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD |
202223 £ £ £ Restricted Un-restricted - 70,340 23248 - 70,340 23,248 (56,609) (25,752) - (56,609) (25,752) - 13,731 (2,504) 33,013 35517 - 46,744 33,013 2023-24 |
|---|---|
Page 4
SHADE OF MERCY FOUNDATION BALANCE SHEET FOR THE YEAR ENDED 31ST JULY 2024
| Notes FIXED ASSETS CURRENT ASSETS Cash at bank and in hand 3 CURRENT LIABILITIES Creditors 4 NET CURRENT ASSETS NET ASSETS CAPITAL AND RESERVES Reserves b/f Income of receipts over expenditure for the year |
£ £ £ Restricted - - 46,922 - 46,922 - 178 - 178 - 46,744 - 46,744 - 33,013 - 13,731 - 46,744 2023-24 Un-restricted |
£ £ £ Restricted - 33,360 - 33,360 - 347 - 347 - 33,013 - 33,013 - 35,517 - (2,504) - 33,013 2022-23 Un-restricted |
|---|---|---|
I Approve these Accounts and confirm that I have made available all the information and explanation for their preparation.
Sarah Harb
Date:-------------------------------
Page 5
SHADE OF MERCY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
| Note: 1 Restricted Un-restricted Donations - 67,071 Fees Received - 3,269 - 70,340 Income from grants and donations were accounted for on a receipt basis. Note: 2 Restricted Un-restricted Bank Charges - - Telephone & Internet - 189 Charitable Expenditure - 50,199 Educational resources - 3,015 Travelling expenses - Accountancy fee - 548 Wages & Salaries - 2,608 Legal and Prof - 50 - 56,609 Note: 3 Bank 46,922 46,922 Note: 4 Accruals 435 Sundries 258 - 178 2023-24 |
2022-23 22,065 1,183 23248 95 135 18,626 4,532 445 500 1,019 400 25,752 33,360 33,360 791 444 - 347 |
|
|---|---|---|
Page 6