Al Qasim Education Trust Annual Report 31 March 2024 Charlty No. 1181479
Al Qasim Educalion Trusl Contents Page Trustees, Report Statement ol Financial Aclivitvds Balance Sheet Notes lo the Financial Stsiements
Al Qasim Education Trusl Trustees. Report Leg81 and admlnlstr8tlve status The Al Qasim Education Trust was constrtuted under a trust deed dated 8 Jan 2019 and is registered as a charity under number 1181479. The Oblectlves of Al Qaslm Educatlon Twst The objects ol the charity are the advancement ol the Islamic religion in accordance with the teachings ol the Holy Quran and the Sunnah ol the Prophet Muhammed IPBUHI, lo advance academic education and to relieve poverty worldwide as a result of natural disasters. The charitys objectives also include relieving financial hardship, distress and sullering among poor peoe, victs'ms ol natLJral and man-made disasters and other people in need by means ol. t1 not exclusively, making grants or loans lor providing or pawng lor items, equipmenl, services and lacililies. including the provision ol food, clean water, wheelchairs and costs lor attending schools and pawng lor ffledicines or medical treatment lor thè benefit ol the said persons. Trustees The Trustees are as follows Ahmed Abdul Haque Jat)bar Asil Abdulhai Ghodawala Yahya Abdul Rahman Ghodawala Rlsk managemènt The trLJStees have a risk management strategy which Incl an annual review ol Ihg risks the charity laces and the eslablishmgnl ol systems aThJ procedures lo miligale those risks and implemenlalion ol procedures designed to minimise any potential impact on the charity should those risks malerialise. Reservo8 pollcy The Iruslees aim lo ensure that suflicienl lunds are maintained lo enable the charity lo carry out its activities. Results for the year The charity recorded a surplus 01 £2,522 lor the year12023.. deficit of £6081. The detailed results are sel out in the attached linancial statemenls. By order ol the Trustees Asil Abdulhai Ghodawaja Truslgo 20 August 2024
Al Qasim Education Trusl Slalemenl of Financial Activities for the year ended 31 March 2024 Notes 2024 2023 Incoming Resources Donations 12.054 23.923 Resources Expended Dlrect Charftablo Expenditure Donations lo charitable causes Travel and subslstence Other legal and professional Ac¢ounlan¢y lees Bank charges 23,900 519 360 149 360 271 24,531 Nèt Incomlng I Ioutgolngl Rèsourc8$ 608
Al Qasim Educalion Trusl Balance Sheel as at 31 March 2024 2024 2023 Current assets Cash al bank and in hand 3,318 796 Current liabilities Accruals 760 760 Net current assets 2,558 36 Net assets 36 Represented by Accumulated Funds Balance al start ol peric Nel surpluslldelicill 36 2.522 644 16081 36 These accounts were approved by the Trustees. Signed on behalf ol the Trustees A A GIIODA'vVIlLA',Aiii', 20. L02sl lJ.U9 GMT+ii Asll Alxlulhol Ghodowola Trustee 20 August 2024
Al Qasim Education Trusl Noles lo the Accounts for the year ended 31 March 2024 1 Income and ExpendItU analysls 2024 2023 In¢ome Donations 12,054 12.054 23,923 23,923 Dlrect Charltsble Expendlturo Donations lo charitable causes 8,504 23,900 Travel and Subsistence Travelling eXnSeS 519 Legal and professional costs Accountants lees 360 360 Olher flnance charges Bank charges 149 271 2 Accounllng pollcle8 The accounts have been prepared urKler the historical cost convention and have been drawn up in accordance with the Slalemenl ol Recommended Practice ISORPI - "Accounting and ReKx)rting by Charities" issued by the Charrty Commissioners in England and Wales. Donallons rècèlvtd Donations are accounted lor on a recoipls basis. Resources expended Expendilure is included on an accruals basis. Funds Funds comprise unrestricted lunds which are available lor use at the discretion ol the truste¢s in furtherance ol the general obpclives ol the charity. Trustee remuneratlon No trustees received any remuneration during the year {2023.' £ Nil)