SURAKHI FUNERAL TRUST CIO
REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31 JANUARY 2025
Charity Commission Registration No: 1207385
CONTENTS
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Trustees Report | 2-3 |
| Accountant’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
SURAKHI FUNERAL TRUST CIO
REFERENCE AND ADMINISTRATIVE DETAILS For the period ended 31 January 2025
Charity Registration No: 1207385 Principal Office: 11B Birchfield Road Aston Birmingham B19 1SU Trustees: Mr Mohammed Yousaf Mr Mohammed Akram Mr Zaffar Iqbal Mr Mohammed Latif Mr Mohammed Younas Bankers: Lloyds Bank Plc
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SURAKHI FUNERAL TRUST CIO - TRUSTEES ANNUAL REPORT For the period ended 31 January 2025
The Trustees are pleased to report the first annual Trustees Report .
Structure, Governance and Management
Surakhi Funeral Trust was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission under charity no: 1207385 on 11 March 2024. It is governed by the framework set out in its constitution.
The executive Committee is responsible for the general control and management of the charity.
The executive committee meets annually and is responsible for all decisions taken in relation to running the charity and the activities provided by the charity.
Objectives and Activities
The objects of the CIO are:
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to advance the Muslim faith by the provision of grants for funeral and burial services; and
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the relief of poverty by the provision of financial support to families of the deceased who are in financial need .
The charity carries out fundraising activities in pursuance of its charitable aims, as approved by its trustees.
Statement of Public Benefit
The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by Charity Commission in exercising their powers and duties. The public benefits of the charity’s activities are outlined under Objectives and Activities above.
Achievements and Performance
The charity raised £88,155 in its first year of operation, which will be used in line with its objectives going forward.
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TRUSTEES' RESPONSIBILITY FOR THE ACCOUNTS
Charity law requires the trustees to prepare statements of accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently.
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make judgements and estimates that are reasonable and prudent.
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to prepare the financial statements in accordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that any statements of account comply with the requirements of the Charity (Accounts and Reports) Regulations 2000. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Financial review
The charity’s only source of income is donations received. Total receipts on ordinary unrestricted funds were £88,155.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to major risks.
Reserves policy
The Reserve Fund represents unrestricted funds. The trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the charity.
The report was approved by the Trustees on 13/01/2026
and signed on their behalf by Mohammed Younas
.....................................
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SURAKHI FUNERAL TRUST
Charity No: 1207385 .
Independent Examiner's Report to the Trustees of Surakhi Funeral Trust accounts for the period ended 31 January 2025
I report to the charity trustees on my examination of the accounts of the company for the period ended 31 January 2025 which are set out on pages 5 to 10.
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 company’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 that in any material respect:
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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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4 The accounts have not been prepared in accordance with Charities SORP (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 .
MAHMOOD AHED CHARTERED CERTIFIED ACCOUNTANT
784 Alum Rock Road Ward End Birmingham B8 2TE
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SURAKHI FUNERAL TRUST CIO Registered charity no: 1207385
RECEIPTS AND PAYMENTS ACCOUNT For the period ended 31 January 2025
| Unrestricted | |
|---|---|
| Funds | |
| 2025 | |
| £ | |
| RECEIPTS | |
| Donations | 88,155 |
| --------- | |
| TOTAL RECEIPTS | 88,155 |
| ===== | |
| PAYMENTS | |
| ---------- | |
| TOTAL PAYMENTS | 0 |
| ====== | |
| NET RECEIPTS / (PAYMENTS) | 88,155 |
| TOTAL CASH BROUGHT FORWARD | - |
| ---------- | |
| TOTAL CASH CARRIED FORWARD | 88,155 |
| ====== |
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SURAKHI FUNERAL TRUST CIO Registered charity no: 1207385
STATEMENT OF ASSETS AND LIABILITIES As at 31 January 2025
Cash funds £ 2025 Cash at bank and in hand 88,155 =====
Approved by the Trustees on 16/01/2026 and signed on their behalf by Mohammed Younas
......................................
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SURAKHI FUNERAL TRUST CIO Registered charity no: 1207385
NOTES TO THE ACCOUNTS For the period ended 31 January 2025
1. ACCOUNTING POLICIES
(a) Basis of preparation
The accounts have been prepared on a receipts and payments basis as permitted under section 133 of the Charities Act 2011.
(b) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. TRUSTEES REMUNERATION AND EXPENSES
During the year, no trustee received nor waived any remuneration for their services or any reimbursement of expenses.
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