2023-11-01-accounts - Shukran Charity

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REGISTERED CHARITY: 1192123

Shukran Charity

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

02 NOVEMBER 2022 TO 01 NOVEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS

The trustees, present their report with the financial statements of the charity for the period 02[nd] November 2022 to 1[st] November 2023.

INCORPORATION

The CIO Foundation was incorporated on 02 November 2020.

Registered Charity Number

1192123

Registered Office

14 Woodside Crescent, Batley, WF17 7DZ, UK

Trustees

Mr Ghulam Fareed Usmani Mr Aftab Muhaudden Mr Muhammad Usman

appointed 01.06.20 - appointed 01.06.20 - appointed 05.02.21

Independent Examiner

Quba Accountancy Ltd 14 Mayne Avenue Luton, Bedfordshire, LU4 9LS, UK

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 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

Shukran Charity refers to the charitable incorporated organisation with a governing document known as CIO by foundation originally incorporated on 02 November 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

The objects of the charity are set below:

THE RELIEF OF POVERTY OR FINANCIAL HARDSHIP AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER IN THE FORM OF SERVICES (OR OTHER MEANS DEEMED SUITABLE) FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES.

TO ADVANCE THE ISLAMIC RELIGION IN THE UNITED KINGDOM AND THE WORLD FOR THE BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF MEETINGS, LECTURES.

The charity’s activities carried out in the year 2021-2022

Sadia Islamic College

As of November 2022, the charity's vision of providing education to girls in deprived areas has materialized with the construction of a school in Attock, Pakistan. The decision to build the school was made by the trustees in recognition of the dire need for basic necessities, such as education, in the area.

The construction work, which began in November 2020, has been ongoing and is now complete. The school has been built to high standards and boasts state-of-the-art facilities, including modern classrooms, a library, a science laboratory, and a computer room.

The construction process was not without its challenges, but the dedicated team of workers and volunteers persevered and overcame them. The trustees also made sure to ensure that the construction was done in an environmentally friendly manner.

Now that the construction work has been completed, the school is ready to enroll students. The school has already received interest from families in the surrounding areas, and the trustees expect to fill the school's capacity of 200 students quickly. The school will provide quality education to girls who otherwise may not have had access to it, with the aim of empowering them to take control of their own futures.

Overall, the completion of this school is a significant achievement for the charity and a crucial step in achieving its goal of providing education to girls in deprived areas. It is hoped that the impact of this initiative will be felt for generations to come.

Achievements and Performance

Shukran Charity successfully carried out several initiatives including the construction of Sadia Islamic College. These projects aimed to empower individuals, promote education, and provide aid to those in need. These efforts were only possible thanks to the generous contributions of the charity's donors.

Financial Review

The charity received sum of £ 44,140 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 £ 33,028 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: Aftab Muhaudden Position: Trustee Date: 17/07/2024

INDEPENDENT EXAMINERS REPORT FOR THE PERIOD 02 NOV 2022 TO 01 NOV 2023 TO THE TRUSTEES

I report on the accounts for the period 02[nd] November 2022 to 01[st] November 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: 17/07/2024

Charity name	Charity name	No (if any)	No (if any)
Shukran Charity		1192123
Receipts and payments accounts
For the period from	Period start date	To	Period end date 1-Nov-23
	2-Nov-22

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	32,891	11,249	-	44,140	60,411
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total(Gross income for AR)	32,891	11,249	-	44,140	60,411

A2 Asset and investment sales, (see table).


Sub total	-	-	-	-	-
Total receipts A3 Payments
	32,891	11,249	-	44,140	60,411

Charitable Activities	11	34,416	-	34,427	38,380
Administrative expense	8,668	-	-	8,668	707
Governance cost	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total	8,680	34,416	-	43,095	39,872

A4 Asset and investment purchases, (see table)
	-	-	-	-	-
	-	-	-	-	-
Sub total Total payments	-	-	-	-	-
	8,680	34,416	-	43,095	39,872
Net of receipts/(payments)	24,211	-23,166	-	1,045	20,539
A5 Transfers between funds	-	-	-	-	-
A6 Cash funds last year end	-	-	-	31,984	11,445
Cash funds this year end	24,211	-23,166	-	33,029	31,984

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 B1 Cash funds Cash in hand & at Bank Total Cash funds (agree balances with receipts and payments account(s)) Details B2 Other monetary assets Details B3 Investment assets Details B4 Assets retained for the charity’s own use Details B5 Liabilities Signed by one or two trustees on behalf of all the trustees Signature		Details	Unrestricted funds	Restricted funs		Endowment funds
		Cash in hand & at Bank	33,029	-		-
			-	-		-
		Total Cash funds	-	-		-
			33,029	-		-
		(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 £
			-	-		-
			-	-		-
			-	-		-
			-	-		-
		Details	Funds to which assets belong	Cost (Optional)		Current value (Optional)
				-		-
				-		-
				-		-
				-		-
		Details	Funds to which assets belong	Cost (Optional)		Current value (Optional)
				-		-
				-		-
				-		-
				-		-
		Details	Funds to which liability belong	Amount due (Optional)		When due (Optional)
					-
					-
					-
					-

	Signature		Print Name		Date of approval
			Aftab Muhaudden		17/07/2024