REGISTERED COMPANY NUMBER: 15045471 (England and Wales) REGISTERED CHARITY NUMBER: 1206647
TRUSTEES' REPORT AND
FINANCIAL STATEMENTS FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
FOR
LEICESTERSHIRE ZAKAH FOUNDATION (A COMPANY LIMITED BY GUARANTEE)
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
LEICESTERSHIRE ZAKAH FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
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Page
Trustees' Report 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 7
Detailed Statement of Financial Activities 8
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LEICESTERSHIRE ZAKAH FOUNDATION
TRUSTEES' REPORT FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 2nd August 2023 to 31st December 2024. The trustees have adopted the provisions of 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).
INCORPORATION
The charitable company was incorporated on 2nd August 2023.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Mission
We aim to support those who are eligible for Zakah within Leicestershire. We are interested in hearing from those qualifying for Zakah and requiring help with their housing costs, education needs, funeral expenses, health fees, vulnerable grants, training costs and hardship funds. Plus others as need demands.
Objective
To provide a financial netting to residents of Leicestershire who have not been catered for by the state institutes or lapsed due to circumstances out of their control.
We have Zakah funds for Muslims and other financial sources for the remaining communities in Leicestershire.
Significant activities
Hardship Fund
Support with Grocery and clothing.
Housing
Supplement with rental arrears and provide housing advice to progress with employment and life.
Education
Provide costs towards educational fees and training.
Funeral
Assist those who do not get state aid and meet their funeral expenses.
Health
The crisis in NHS and new arrivals to the county who cannot get free health care will be considered.
Vulnerable Fund
To assist organisations and individuals combating addiction, abuse, neglect and other vulnerable groups.
Domestic Violence
Assist victims of domestic abuse with resources for recovery and safety.
New Muslim
Support and guide new Muslims through their faith journey.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
15045471 (England and Wales)
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LEICESTERSHIRE ZAKAH FOUNDATION
TRUSTEES' REPORT FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
Registered Charity number 1206647
Registered office
130-132 Regent Road Leicester LE1 7PG
Trustees
Mr I H Chhatbar Chair (appointed 2/8/2023) Mr H Shaikh (appointed 2/8/2023) Mr M I Hajat (appointed 2/8/2023)
Independent Examiner
Nazir Malida FCCA Watergates Ltd 109 Coleman Road Leicester LE5 4LE
Approved by order of the board of trustees on 30th June 2025 and signed on its behalf by:
Mr I H Chhatbar - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTERSHIRE ZAKAH FOUNDATION
Independent examiner's report to the trustees of Leicestershire Zakah Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 2nd August 2023 to 31st December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Nazir Malida FCCA
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
30th June 2025
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LEICESTERSHIRE ZAKAH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,500 EXPENDITURE ON Raising funds 6,775 Charitable activities Donations - Total 6,775 NET INCOME 725 TOTAL FUNDS CARRIED FORWARD 725 |
Restricted funds £ 164,709 - 24,000 24,000 140,709 140,709 |
Total funds £ 172,209 6,775 24,000 30,775 141,434 141,434 |
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The notes on page 0 form part of these financial statements
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LEICESTERSHIRE ZAKAH FOUNDATION
STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2024
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 725 NET CURRENT ASSETS 725 TOTAL ASSETS LESS CURRENT LIABILITIES 725 NET ASSETS 725 FUNDS 3 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 140,709 140,709 140,709 140,709 |
Total funds £ 141,434 141,434 141,434 141,434 725 140,709 141,434 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30th June 2025 and were signed on its behalf by:
Mr I H Chhatbar - Trustee
The notes on page 0 form part of these financial statements
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LEICESTERSHIRE ZAKAH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31st December 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the period ended 31st December 2024.
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LEICESTERSHIRE ZAKAH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
3. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Sadaqah fund Zakah fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 7,500 Restricted funds Sadaqah fund 1,928 Zakah fund 162,781 164,709 TOTAL FUNDS 172,209 |
Net movement in funds £ 725 1,928 138,781 140,709 141,434 Resources expended £ (6,775) - (24,000) (24,000) (30,775) |
At 31.12.24 £ 725 1,928 138,781 140,709 141,434 Movement in funds £ 725 1,928 138,781 140,709 141,434 |
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4. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31st December 2024.
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LEICESTERSHIRE ZAKAH FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 2ND AUGUST 2023 TO 31ST DECEMBER 2024
£
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Advertising Subscriptions Professional fees Finance Bank charges Total resources expended Net income |
172,209 172,209 24,000 4,000 634 850 5,484 1,291 30,775 141,434 |
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This page does not form part of the statutory financial statements
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