2023-12-31-accounts - Yaqeen Trust Ltd

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CHARITY NUMBER: 1189654 COMPANY NUMBER: 12315441

YAQEEN TRUST LTD

REPORT OF TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31[ST] DECEMBER, 2023

Quba Accountancy Ltd

14 Mayne Avenue,

Luton

LU4 9LS

REFERENCE AND ADMINISTRATIVE DETAILS

The trustees, present their report with the financial statements of the charity for the period 1[st] January 2023 to 31[st] December 2023.

INCORPORATION

The Standard registration of the Charity was on 26[th] May, 2020

Registered Charity Number

1189654

Registered Office

16 PALM STREET, MANCHESTER M13 0GH UK

Trustees

Mr. Mohammed Imran UL-Haq Trustee Ms. Isma Khan Trustee Mr. Mohammad Abdullah Haqani Chair

appointed on 16-03-2020 - appointed on 16-03-2020 - appointed on 16-03-2020

Independent Examiner

Quba Accountancy LTD 14 Mayne Avenue Luton, Bedfordshire, LU4 9LS

STRUCTURE, GOVERNANCE AND MANAGEMENT

Board of Trustees

The Board of Trustees sets our future aims and priorities focusing on strategic planning and governance and also evaluates our performance and progress in our work to alleviate poverty and suffering.

The Board of Trustees appraises the Senior Management Team and can make appointments to it as well as dismissals. The Board of Trustees also make sure that we satisfy the regulatory requirements on us as a charity and works with key stakeholders.

Recruiting and Appointing Trustees

All our trustees are volunteer, chosen because they all have the diverse range of skills, knowledge and experience that we need to respond to the challenges of today. Stakeholders and partners may nominate trustees and sometimes we will make a personal approach to potential candidates.

Governing document

Yaqeen Trust Ltd refers to the charity company with a governing document and Memorandum and Articles incorporated 14 Nov 2019 as amended by Special resolution dated 16 Mar 2020.

Responsibilities of Trustees

The annual report and financial statements are prepared according to the relevant law and approved by the trustees.

The trustees keep adequate accounting records and they show and explain our transactions. The records also disclose our financial position with reasonable accuracy at any time and enable trustees to ensure that the financial statements comply with Charity Commission Statement of Recommended Practice (SORP) 2015.

Grant Making Policies

We provide grants to projects if the request meets our charitable objectives and criteria. Project grant making is managed according to a designated process, which is documented in our Operational Risk-Management Framework. We aim to treat all grant applications professionally, equally and fairly. We make the final decision as to eligibility to receive a grant, at our discretion.

Public Benefit

We develop strategic plans to make certain that we provide maximum public benefit and achieve our strategic objectives, which fall under purposes defined by the Charity Act 2006.

OBJECTIVES AND STRATEGIC ACTIVITIES FOR THE BENEFIT

The objects of the charity are set below:

(1) THE PREVENTION OR RELIEF OF POVERTY ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT.
(2) THE RELIEF OF THE SICK-POOR LIVING IN ENGLAND AND PAKISTAN, IN PARTICULAR ORPHANS AND THE PHYSICALLY DISABLED EITHER GENERALLY OR INDIVIDUALLY THROUGH THE PROVISION OF GRANTS, GOODS OR SERVICES.
(3) THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, OF PEOPLE LIVING IN ENGLAND AND PAKISTAN, IN PARTICULAR THE HOMELESS BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS SERVICES OR FACILITIES, FOCUSING IN PARTICULAR FOR THEIR CARE NEEDS AND ACCOMMODATION.
(4) RELIEF OF POVERTY IN THE UK AND PAKISTAN BY THE PROVISION OF FOOD, SHELTER, MEDICAL CARE AND CLEAN WATER TO PEOPLE AFFECTED BY POVERTY.
(5) THE RELIEF AND ASSISTANCE OF PEOPLE IN ANY PART OF THE WORLD WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE FOR THE PUBLIC BENEFIT BY GRANT FUNDING SUPPORT TO PROVIDING BASIC NECESSITIES.

Achievements & Performances

As-salāmu ʿalaykum

Yaqeen trust provided foodpacks to:

Syrian refugee camps
Palestinian Refugee camps in Lebanon
Homeless food distribution in the UK
Qurbani in Uganda

Financial Review

The charity received sum of £51,222 in donations from various sources.

The charity does not have any reserve policy.

No funds are in deficit at the balance sheet.

The funds are in surplus by £49,027 at the balance sheet.

Declaration

The trustees declare that they have approved the trustees report above.

Signed on behalf of the charity’s trustees.

Signature Name: Mohammad Abdullah Haqani Position: Chair Date: 06 June, 2024

INDEPENDENT EXAMINERS REPORT FOR THE PERIOD 01 JAN 2023 TO 31 DEC 2023 TO THE TRUSTEES

I report on the accounts for the period 01[st] January 2023 to 31[st] December 2023 set out below.

Respective responsibilities of trustees and examiner

The charity’s trustees responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the period (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

Examine the accounts
Follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
To state weather particular matters have come to my attention.

Basis of the independent examiner’s report

My 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiners statement

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

(1) Which gives me reasonable cause to believe that, in any material respect, the requirements have not been met;

(2) To which. In my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiner

Signature : Mr Dawood Masood AFA, MIPA Date: 27/05/2024

Charity name	Charity name	No (if any)	No (if any)
Yaqeen Trust Ltd		1189654
Receipts and payments accounts
For the period from	Period start date	To	Period end date 31-Dec-23
	1-Jan-23

Section A Receipts and payments

A1 Receipts	Unrestricted funds To the nearest £	Restricted funds To the nearest £	Endowment funds To the nearest £	Total funds To the nearest £	Last year To the nearest £
Donation	38,157	6,207	-	44,364	51,222
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total(Gross income for AR)	38,157	6,207	-	44,364	51,222

A2 Asset and investment sales, (see table).


Sub total	-	-	-	-	-
Total receipts A3 Payments
	38,157	6,207	-	44,364	51,222

Charitable Activities	-	32,000	-	32,000	24,770
Administrative expense	4,751	-	-	4,751	24,258
Governance cost	3,000	-	-	3,000	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total	7,751	32,000	-	38,751	49,028

A4 Asset and investment purchases, (see table)
	-	-	-	-	-
	-	-	-	-	-
Sub total Total payments	-	-	-	-	-
	7,751	32,000	-	38,751	49,028
Net of receipts/(payments)	30,406	-25,793	-	4,613	2,194
A5 Transfers between funds	-	-	-	-	-
A6 Cash funds last year end	-	-	-	23,381	21,187
Cash funds this year end	30,406	-25,793	-	27,994	23,381

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricted funds Restricted funs Endowment funds B1 Cash funds Cash in hand & at Bank 53,771 -25,793 - - - - - - - Total Cash funds 53,771 -25,793 - (agree balances with receipts and payments account(s)) Agreement Error OK OK Details Unrestricted funds Restricted funds Endowment funds To nearest £ To nearest £ To nearest £ B2 Other monetary assets - - - - - - - - - - - - Details Funds to which assets belong Cost (Optional) Current value (Optional) B3 Investment assets - - - - - - - - Details Funds to which assets belong Cost (Optional) Current value (Optional) B4 Assets retained for the charity’s own use - - - - - - - - Details Funds to which liability belong Amount due (Optional) When due (Optional) B5 Liabilities - - - - Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval Mohammad Abdullah Haqani 06 June, 2024		Details		Unrestricted funds	Restricted funs		Endowment funds
		Cash in hand & at Bank		53,771	-25,793		-
				-	-		-
		Total Cash funds		-	-		-
				53,771	-25,793		-
		(agree balances with receipts and payments account(s)) Details		Agreement Error	OK		OK
				Unrestricted funds To nearest £	Restricted funds To nearest £		Endowment funds To nearest £
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		Details		Funds to which assets belong	Cost (Optional)		Current value (Optional)
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		Details		Funds to which assets belong	Cost (Optional)		Current value (Optional)
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		Details		Funds to which liability belong	Amount due (Optional)		When due (Optional)
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	Signature		Print Name			Date of approval
			Mohammad Abdullah Haqani			06 June, 2024