Charity registration number: 1205825
THE MSK TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD 23 NOVEMBER 2023 TO 1 NOVEMBER 2024
The MSK Trust Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—7 |
The MSK Trust Trustees' Report For the Period 23 November 2023 to 1 November 2024
The trustees present their report and the financial statements for the period ended 1 November 2024.
Objectives and Activities
Aims and Objectives
The objects of the CIO are the:
-Preventation or relief of poverty by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
-Relief and assistance of people in any part of the world who are the victims of war or natural disaster, trouble, or catastrople in particular by the supply of medical aid to such persons.
Structure, Governance and Management
Governing Document
Charity is governed by its constitution of Charitable Incorporated Organisation (CIO).
Reference and Administrative Details
Trustees
Mr Sheheryar Ali - Chairman (appointed 23/11/2023) Ms S Bushra - Trustee (appointed 23/11/2023) Mr Akbar Ali - Trustee (appointed 23/11/2023)
Charity Number
1205825
Principal Address
81A Old Church Road London E4 6ST
Independent Examiner
Alis Accountax & Co Alis Accountax & Co Suite 1 First Floor 81 Old Church Road London E4 6ST
Page 1
The MSK Trust Trustees' Report (continued) For the Period 23 November 2023 to 1 November 2024
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Sheheryar Ali Ms S Bushra Mr Akbar Ali Trustee Trustee Trustee 21 August 2025
Page 2
The MSK Trust Independent Examiner's Report to the Trustees of The MSK Trust For the Period 23 November 2023 to 1 November 2024
I report to the trustees on my examination of the accounts of The MSK Trust (the Trust) for the period ended 1 November 2024.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alis Accountax & Co 21 August 2025 Suite 1 First Floor 81 Old Church Road London E4 6ST
Page 3
The MSK Trust Statement of Financial Activities For the Period 23 November 2023 to 1 November 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 EXPENDITURE ON: Charitable activities: 4 Charitable Activities NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9 The notes on pages 6 to 7 form part of these financial statements. |
1 November 2024 Unrestricted funds £ 11,410 |
|---|---|
| (11,170) | |
| 240 | |
| 240 - |
|
| 240 | |
Page 4
The MSK Trust Statement of Financial Position As At 1 November 2024
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 On behalf of the board Mr Sheheryar Ali Trustee Ms S Bushra Trustee Mr Akbar Ali Trustee 21 August 2025 |
1 November 2024 Unrestricted funds £ 720 |
|---|---|
| 720 (480) |
|
| 240 | |
| 240 | |
| 240 | |
| 240 | |
| 240 | |
The notes on pages 6 to 7 form part of these financial statements.
Page 5
The MSK Trust Notes to the Financial Statements For the Period 23 November 2023 to 1 November 2024
1. General Information
The MSK Trust is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1205825. The principal address is 81A Old Church Road, London, E4 6ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Income is recognised when entitlement arises, where receipt can be determined with reasonable certainty and where the amount can bemeasured with sufficient reliability. Other income is recognised when it becomes receivable. Income is not netted against expenditure.
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| 3. Income from Donations and Legacies |
|||
|---|---|---|---|
| Donations and gifts 4. Analysis of Expenditure Charitable Activities 5. Grants Payable 6. Support Costs General administration Governance costs |
Activities undertaken directly £ 9,790 |
Support costs (see note 6) £ 1,380 |
1 November 2024 Unrestricted funds £ 11,410 |
| 1 November 2024 Total £ 11,170 |
|||
| 1 November 2024 Charitable Activities £ 480 900 |
|||
| 1,380 |
7. Average Number of Employees
Average number of employees during the period was: NIL
Page 6
The MSK Trust Notes to the Financial Statements (continued) For the Period 23 November 2023 to 1 November 2024
8. Creditors: Amounts Falling Due Within One Year
| 8. Creditors: Amounts Falling Due Within One Year |
||||
|---|---|---|---|---|
| Accruals and deferred income 9. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds |
As at 23 November 2023 £ - |
Income £ 11,410 |
Expenditure £ (11,170) |
1 November 2024 £ 480 |
| As at 1 November 2024 £ 240 |
||||
| - | 11,410 | (11,170) | 240 |
10. Transactions with Trustees
During the period the expenses reimbursed to the trustees or paid directly to third parties were as follows:
1 November 2024 £
11. Related Party Disclosures
Page 7