## **Trustees’ Annual Report for the period** ## **From 01/12/2022 To 31/12/2023** ## **Charity name: The Yass Charitable Trust** ## **Charity registration number: 1202245** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To better and improve the life of the**
**community and wider world, through**
**offering donations, financial**
**contributions, and grants to relieve**
**poverty, further educational**
**opportunities, solve financial hardship,**
**improve healthcare, advocate religious**
**harmony, and support various**
**established charities and their causes.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**The first project of the charity was to**
**feed the community of Palmers Green,**
**London, by hosting an open event**
**providing ‘Iftar’ (the meal to break fast in**
**Ramadan). This resulted in an evening**
**where over 600 members of the local**
**community were able to meet and**
**socialise in a safe and peaceful**
**environment, and be fed. Following the**
**success of the Iftar, further efforts were**
**made to use funds to feed the needy**
**and relieve poverty for those in the in**
**deprived areas across the rest of the**
**world – including sending donations to**
**the likes of Orphans in Need (charity no**
**1107711), and the transfer of donations**
**to various individuals, who were able to**
**carry out charitable activity on**
**instruction and behalf of the trustees.**
**These instances included buying and**
**distributing food, essentials, and**
**medicine.**
**Contributions were made towards the**
**building of Southgate Mosque and**
**Community Centre (charity no 1201327),**
**a new community hub in North London,**
**which has proven to not only provide**
**religious benefit to the community, but**
**also social, in encouraging unity,**
**harmony and spirituality for all people of**
**all ages.**| |||**The most significant activity of 2023 was**
**to fund the build of a school, through**
**The Read Foundation (charity no**
**1160256). This school will provide an**
**education for young girls in Pakistan.**| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees of The Yass Charitable**
**Trust: Mr Majid Ishaq, Ms Naila Faqir,**
**Mrs Sehar Khan, Mr Aadam Ishaq, Mr**
**Saif Ishaq and Mr Yousaf Ishaq have**
**had regard to the guidance issued by**
**the Charity Commission on public**
**benefit.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|**The trustees discuss and share**
**opinions on grant requests received. All**
**grants via postage, email, phone and in**
**person are considered. A majority of the**
**trustees must agree on a cause to issue**
**a grant to the individual or organisation**
**who has requested for it.**| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|**Family members and friends who know**
**the trustees to be involved in charitable**
**activities, have requested to donate**
**money to the trust itself, contributing to**
**funds. Many have also physically**
**assisted in charitable activities, such as**
**volunteering during food distribution.**
**This has occurred at community events**
**where all are involved. Volunteers have**
**purchased food goods and essentials**
**on behalf of the charity, and then**
**distributed them amongst communities**
**who need it most, both in an outside the**
**UK, increasing the scope of where**
**charitable funds reach.**| |Other||| ## **Achievements and Performance** SORP reference |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**During the charity’s first project,**
**providing meals to the community of**
**Palmers Green, London through hosting**
**an ‘Iftar’ event, the local community**
**were able to come together in There was**
**a social gathering of over 600 people**
**from the local and surrounding areas,**
**and those who did not have access to**
**daily hot meals were able to eat a well-**
**balanced meal and be satisfied. The**
**event was open to all, in the hope that**
**not only those fasting, but those who**
**needed a meal would attend. The event**
**not only provided a nutritious hot meal**
**to 100s of individuals, but allowed for an**
**enjoyable social evening of**
**conversation, positivity, and reflection.**
**Following the above event, the trustees**
**agreed to provide meals, food staples,**
**essentials, and medicine to those who**
**could otherwise not afford it, not only in**
**the UK, but across the world,**
**particularly in poverty-stricken areas.**
**Funds were transferred to volunteers on**
**the ground in these areas, and bought**
**what was most needed amongst the**
**most vulnerable, and distributed fairly.**
**Donations were made to Southgate**
**Mosque and Community Centre, to help**
**complete the purchase, build and**
**renovation of a new emerging**
**community hub in North London. The**
**community centre aims to improve the**
**lives of all in the surrounding area, by**
**serving as a safe space that will provide**
**various social events, as well as classes**
**and activities for all people of all ages.**
**The charity’s largest achievement was**
**committing to building a school in**
**Pakistan via The Read Foundation. An**
**8,847sqft building, with 16 classrooms**
**is now almost complete in Sidhwan,**
**Pakistan. The school will be a female**
**only institute and bring education to**
**many young girls who would else have**
**been deprived of the opportunity of**
**learning. The trustees hope that this will**
**be a continuous charity, that will not**
**only reap benefits now, in providing an**
**invaluable education to children, but**
**also have a positive effect on the growth**
**of opportunities in the future for these**
**children and their wider communities.**
**As of the year end 2023, much of the**
**building work for the school has been**
**completed, including the excavation of**
**land, build of foundations, and all the**| |---|---|---| |||**brickwork and internal plastering for the**
**building.**| |---|---|---| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| |Achievements against
objectives set|Para 1.41|**The trustees are pleased that the above**
**activities and accomplishments have**
**meant that the charity has been able to**
**achieve many goals. The greatest of all**
**being that the advancement and**
**furthering of education has been**
**embodied by building the school in**
**Pakistan. Education and spirit within**
**local communities has improved with**
**the charity contributing to the building**
**of a community centre, and hosting of**
**events within already established**
**centres. Individuals and families**
**struggling with poverty and lack of basic**
**needs, have been given some relief,**
**through the provision of food, essentials**
**and medicine.**| ||Para1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The charity received a total number of**
**donations of £80,050.00. £75,298.00 was**
**spent on charitable activities, whilst**
**£2726 was used on expenses for these**
**activities, bringing the total spend to**
**£78,024, leaving the charity with a**
**reserve of £2030.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves are left at the end of all**
**charitable activities will be used for**
**further charitable activity in the next**
**year, or any unforeseen expenditures.**| |Amount of reserves held|Para 1.22|**£2030.28**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**Fundraising has not been an objective**
**thus far. With a passion for**
**philanthropy, it is that the trustees and**
**those around them wish to donate to the**
**charity off their own volition.**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Trustee Selection was based on the**
**charity foundations and founder - The**
**Ishaq Family, and their interest in**
**improving the world we are living in**
**through charitable activity.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|The Yass Charitable Trust| |---|---| |Other name the charity uses|N/A| |Registered charity number|| |Charity’s principal address|1202245| ||**3A Broad Walk, London, N21 3DA**| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Majid Ishaq|Director||| ||Naila Faqir|||| ||Sehar Khan|Secretary||| ||Aadam Ishaq|||| ||Saif Ishaq|||| ||Yousaf Ishaq|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name Majid Ishaq** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||
Sehar Khan|| ||
Secretary|| ||20/09/2024|| ||20/09/2024|| Charity No (if **The Yass Charitable Trust 1202245** any) Annual accounts for the period From: 01/12/2022 To: 31/12/2023 ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use
**_Total_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||80,050|-|-|80,050|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-||-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||80,050|-|-|80,050|-| ||||||| ||-|-|-|-|-| ||77,960|-|-|77,960|-| ||-|-|-|-|-| ||60|-|-|60|-| ||78,020|-|-|78,020|-| ||||||| ||2,030|-|-|2,030|-| ||-|-|-|-|-| ||2,030|-|-|2,030|-| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||2,030|-|-|2,030|-| ||||||| ||-|-|-|-|-| ||2,030|-|-|2,030|-| ## **Section B Balance sheet** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04| |---|---|---|---|---|---| |||-|-|-|-| |||-|-|-|-| |||-|-|-|-| |||-|-|-|-| |||-|-|-|-| ||||||| |||-|-|-|-| |||-|-|-|-| |||-|-|-|-| |||2,030|-|-|2,030| |||2,030|-|-|2,030| ||||||| |||-|-|-|-| ||||||| ||||-|-|-| ||||||| |||-|-|**-**|-| ||||||| |||-|-|-|-| |||-|-|-|-| ||||||| |||-|-|-|-| ||||||| |||-|||-| ||||-|-|-| |||2,030|||2,030| ||||||-| |||2,030|-|-|2,030| ||||||| |||Signature||Print Name|| |||||SEHAR KHAN|| ||||||| CC17a (Excel) 29/09/2024 2 **----- Start of picture text -----**
Total last
year
£
F05
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Date of
approval
dd/mm/yyyy
20/09/2024
**----- End of picture text -----**
CC17a (Excel) 29/09/2024 3 ## **Section C Notes to the accounts** Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with* ✓ their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. > The charity constitutes a public benefit entity as defined by FRS 102.* ✓ * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the _**The charity is supported by trustees who hold philanthropy with**_ conclusion that the charity is a going concern; _**high regard and have sufficient reserves to continue to support the charity.**_ Disclosure of any uncertainties that make the _**N/A**_ going concern assumption doubtful; Where accounts are not prepared on a going _**N/A**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy - N/A** The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.2. |Yes*
No*|✓|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| |**_Please disclose:_**|||| |**_(i) the nature of t_**|**_he chang_**|**_e in accounting policy;_**|N/A| |**_(ii) the reasons w_**
**_provides more re_**|**_hy applyi_**
**_liable and_**|**_ng the new accounting policy_**
**_more relevant information; and_**|N/A| |**_(iii) the amount o_**
**_the current perio_**
**_aggregate amou_**
**_before those pre_**|**_f the adju_**
**_d, each pr_**
**_nt of the a_**
**_sented, 3._**|**_stment for each line affected in_**
**_ior period presented and the_**
**_djustment relating to periods_**
**_44 FRS 102 SORP._**|N/A| ## **1.4 Changes to accounting estimates - N/A** |No changes to ac|countinges|timates have occurred in the reporting period (3.46 FRS 102 SORP).| |---|---|---| |Yes*
No*|ü|* -Tick as appropriate| |||| ## _**Please disclose:**_ _**(i) the nature of any changes;**_ _**(ii) the effect of the change on income and expense or assets and liabilities for the current period; and**_ _**(iii) where practicable, the effect of the change in one or more future periods.**_ ## **1.5 Material prior year errors N/A** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |Yes*|ü|*|-Tick|as|appropriate| |---|---|---|---|---|---| |No*|||||| |**_Please disclose:_**|||||| _**(i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_ _**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_ CC17a (Excel) 29/09/2024 4 ## **Section C Notes to the accounts** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE** **Please provide a description of the nature of each change in N/A accounting policy** _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_ **End of Start of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated** CC17a (Excel) 29/09/2024 5 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of the
gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in the
SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the
fair value of those gifts at the time of their receipt and they are recognised on receipt. In
the reporting period in which the stocks are distributed, they are recognised as an expense
at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance sheet.
On its sale the value of stock is charged against 'Income from other trading activities' and
the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
**Donated goods**
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Government grants**
The charity has received government grants in the reporting period
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||ü||| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| p p g g y are recognised as income earned from the provision of goods and services as income from charitable activities. ||||ü| |---|---|---|---| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||| |ue
tract.|||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| ||Yes
No
N/a||| ||||ü| **Settlement of insurance** Insurance claims are only included in the SoFA when the general income recognition criteria **claims** are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. **Investment gains and losses** This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **2.3 EXPENDITURE AND LIABILITIES** **Liability recognition** Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other support. **Governance and support costs** Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a specific level of **Grants with performance conditions** service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables the donor charity to **Grants payable without** realistically avoid the commitment, a liability for the full funding obligation must be **performance conditions** recognised. **Redundancy cost** The charity made no redundancy payments during the reporting period. **Deferred income** No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any trade **Creditors** discounts A liability is measured on recognition at its historical cost and then subsequently measured **Provisions for liabilities** at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as per paragraph **Basic financial instruments** 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. ## **2.4 ASSETS** **Tangible fixed assets for** These are capitalised if they can be used for more than one year, and cost at least **use by charity** They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. **Intangible fixed assets** The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. **Heritage assets** The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. They are valued at cost. **Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments **Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net **progress** realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. |They are valued at fair value except where they qualify as basic financial instruments.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset investments**
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||||ü| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||ü||| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**|||||| |---|---|---|---|---|---|---| |Donations andgifts
Gift Aid
Legacies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donatedgoods,facilities and services
Other
**Total**
Other
**Total**
Other
**Total**
Interest income
Dividend income
Rental and leasingincome
Other
**Total**
**Total**
Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held for
charity's own use
Gain on disposal of a programme related
investment
Royalties from the exploitation of intellectual
propertyrights
Other
**Total**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**
**Other:**
**TOTAL INCOME**
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**||||| ||Donations andgifts
|80,050|-|-|80,050|-| ||Gift Aid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|| ||**Total**|80,050|-|-|80,050|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held for
charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||80,050|-|-|80,050|-| **Other information:** **All income in the prior year was unrestricted except for: (please provide description and amounts)** **Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.** **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** CC17a (Excel) 29/09/2024 63 CC17a (EX￿1) 64 2910912024 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**This year**
**Last year**| |---|---|---|---|---|---|---|---| |
Incurred seeking donations|-|-|-|-|-|-|-| |Incurred seeking legacies|-|-|-|-|-|-|-| |Incurred seeking grants|-|-|-|-|||| |Operating membership schemes and
social lotteries|-|-|-|-|||| |Staging fundraising events|-|-|-|-|||| |Fudraising agents|-|-|-|-|||| |Operating charity shops|-|-|-|-|||| |Operating a trading company undertaking
non-charitable trading activity|-|-|-|-|||| |Advertising, marketing, direct mail and
publicity|-|-|-|-|-|-|-| |Start up costs incurred in generating new
source of future income
|-|-|-|-|-|-|-| |Database development costs|-|-|-|-|-|-|-| |Other trading activities|-|-|-|-|||| |Investment management costs:|-|-|-|-|||| |Portfolio management costs|-|-|-|-|-|-|-| |Cost of obtaining investment advice|-|-|-|-|-|-|-| |Investment administration costs|-|-|-|-|-|-|-| |Intellectual property licencing costs|-|-|-|-|-|-|-| |Rent collection, property repairs and
maintenance charges|-|-|-|-|-|-|-| |Bank Charges|60|-|-|60|-|-|-| |**Total expenditure on raising funds**|60|-|-|60|-|-|-| |**Expenditure on charitable activities:**|||||||| |Charitable Activity|77,960|-|-|77,960|-|-|-| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| |**Total expenditure on charitable**
**activities**|77,960|-|-|77,960|-|-|-| |**Separate material item of expense**|||||||| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| |**Total**|-|-|-|-|-|-|-| |**Other**|||||||| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| ||-|-|-|-|-|-|-| |**Total other expenditure**
**TOTAL EXPENDITURE**|-|-|-|-|-|-|-| ||78,020|-|-|78,020|-|-|-| **Other information:** CC17a (Excel) 29/09/2024 65 **Analysis of expenditure on charitable activities** |||**This year**|**This year**|**This year**|**This year**|**Last year**|**Last year**|**Last year**| |---|---|---|---|---|---|---|---|---| |**Activity or programme**||**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**| |||**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Activity 1-Building a School||-|52,000.00|-|52,000|-|-|-| |Activity 2-Building a Mosque||-|5,500|-|5,500|-|-|-| |Activity 3-Feeding the Community||7,611.72|||7,612|||| |Activity 4-Feeding the Needy||9,848|||9,848|||| |Activity 5-Poverty Relief||3,000|||3,000|||| |Other||-|-|-|-|-|-|-| |**Total**||20,460|57,500|-|77,960|-|-|-| |||||||||| CC17a (Excel) 29/09/2024 66 **Total funds £** - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CC17a (Excel) 29/09/2024 67 **Total last year £** - - - - CC17a (Excel) 29/09/2024 68 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year:** ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to institutions**|**Grants to individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |Activity orproject1|52,000.00|-|Nil|52,000.00| |Activity or project 2|5,500.00|-|Nil|5,500| |
**_Total_**|**57,500**|**-**|**-**|**57,500**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions** |**13.2 Grants made to institutions**|**13.2 Grants made to institutions**||| |---|---|---|---| |**_My charity has made grants to particular institutions that are material in the context_**
**_of its grantmaking. Details of the institution supported, purpose of the grant and_**
**_total paid to each institution is available on the charity's web site._**||**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**| |Southgate Mosque and Community Centre|To help build/renovate/buy a mosque for the
||5,500| |The Read Foundation|To build a school
~~f~~||52,000| |**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|||**57,500**| ||||-| ||||57,500| CC17a (Excel) 29/09/2024 69 ## **Last year:** ## **13.3 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**
|**Grants to institutions**
|**Grants to individuals**
|**Support costs**
**£**|**Total**
**£**| |---|---|---|---|---| |Activity orproject1|-|-|-|**-**| |Activity orproject2|-|-|-|**-**| |Activity orproject 3|-|-|-|**-**| |Activity orproject4|-|-|-|**-**| |**_Total_**|**-**|**-**|**-**|**-**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.4 Grants made to institutions** |**_My charity has made grants to particular institutions that are material in the context_**
**_of its grantmaking. Details of the institution supported, purpose of the grant and_**
**_total paid to each institution is available on the charity's web site._**|**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |---|---|---| ||**_No_**|**_Provide details_**
**_below_**| |**Names of institution**|**Purpose**|**Total amount of**
**grantspaid £**| |---|---|---| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |||-| |**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**||**-**| |||-| |||-| CC17a (Excel) 29/09/2024 70 CC178 (Excell 71 2910912024 Independent examiner's report on the accounts Section A Independent Examiner's Report Report to tha trustees The Yass Charitable Trust On accounts for the year ended 2023 Charity no {rf any) 1202245 Set out on pages I report to the trustees on my examination of the accounts of the above tharity (kne Trusf) for the year endad 3111212023. R8sponslbllltlès and basis of rèport As the charitys trustees, you ar8 r8sponsible for the preparation of the accounts in accordance with Ihe requirements of the Chartties Act 2011 {"the Acf). I report in respect of my examination of the Trust's aGcounts carried out under section 145 of the 2011 Act armj in ￿ryIng out my examination, I have followed all the applicable Direclions given by the Charity Commission under section 1495Xb) of the ACL Independent The charty's gross income exceeded £25.000. examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me au5e to believe that in. any material respect: the accounting records were not kept in accordan￿ with section 130 ofthe Charities Ac( or the accounts did not ac(x)rd with the accounting r8cords,' or the ac￿￿nts did not comply wth the applicable requirements conceming the fonn and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'tnJe and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in conn6Ction with the examination lo which attention should be drawn in this report lo 8nable a proper understanding of the accounts to be reached. Signed: Date: 2610912024 Name: Usman Ghani Relevant professional quallflcatlon{s) or body (if any): Address: TaxMatter5 Solutions Ltd IER September 2024 228 Middlewood Road, Sheffield, South Yort(shire, S6 1 TE Section B Disclosure only cornplete if the examiner needs to highlight material matters of con￿rn {see CC32, Independent examination of chaiity accounts.. directions and guidance for examiners). Give hore briof details of any items that the examiner wishes to dlsclose. IER September 2024