ChHrfiy re9014 Nmb&-. 29289y Hazrat Sultan Bahu Trust Annu* Reportand FlnJtKW StatomthM6 fortheYe4r 31 A¢Brth 2024
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Hthzrat Sultan Bahu Trust Reforonca and Admlni4trative D8tall8 Bun MazH$S3Tr FIEL-L¢HHE MrMoh¥mmedZ61n Sultan WGhUI Ra$1 rMottamm&l FlggsThaln Sultan R4uf Al Akbar Shab¥na PThBn14ptdrtsd 12 Oecwrthr20241 17-21 OM6YRa& W9%1 MIdndS 612 8UR R•gfAtrAUon Iltsnthèr Z92697 B•nknr# HSBC Bw)k 34 PoplBr Road Sdihul V¥e81 Mdlllnd8 B91 Audllov Shareel. ChBrt•i*rod ACCOt8¥ 4 Hlghlatkds Court clanmoifyAue West mjrbds 8WJ4LE Pay8 1
Hazrat Sultan BAhu Trust Tru$t••8' R•port ThelwBtBeB weRenttheannllalieporitWerwlh th• In911&1IISOfthOc9ty forihfyy8w 8nd8d 31 Marth 2024. Tiu6tsoB 8uNBn NI8Z4JI-Hasg$n SullEn flEz-&jan MrMohamm8d Zèjn Sul rGh&M Mrmohammthl Ha¥1 &Jl Usman Rauf IAkbar Abs P8ryfy¢n IPolled 12 20241 TIW Pntt¢yh Objecbws of C1111Y At¥ to 4d¥anc? Ih&1stsml¢ tslIgTr In actordaftr wllh Ihe teachkngB oltht Qur'an ond prli of thè Piophat Miih&mm IPea¢B B$ Vpon Hlmi, to fvrthertho 8plrfiual and IOrMIs3 of HazralSulLn BakNJ IRAI. lo prom¢t9 Ihp welbeino, &duc#Uon. devdupmenl tralThiw Dt pÈople ofall th9 ithiied njrn, rfj1ig povety dvidm8 DlnaiuFaldlg&BtÈrn kn olher develwng ¢ounlrfB8. EduatIon on# thvdwmenl opportunllÈÈ aro pitrved iochifdiaTh èhd Jdult8'. in artdllkn ItsAfaE and IsLiM811. English and ar8 so offered. A numb¢r ol #Vents Bre hokl Ihe year lo eè1Bbi818 W evfrnts of thè lÈink ¢abndèr 10 ebraie IhB INeolltr PmLthBI Trthihummad IPthgcèBè Upon Hth) and ofHa2rn1 Siltsn BAhulW. FacUNIBs Jrwor5hlp •&0 the 14 ¢tyMm(ddd ID £no•aing M¥ u5ws a undoFthndny d Ihg rahbJB¢dM prpIe$llf peateful And harmmbuts ¢trexis18ncfj. Publk b•nfft The of gnlllkgd 'Oblbtti¥ and arUvWes' sth Dul tho obleth ènd ol Ihe chwty. Thty AEhknmert• Ond perfonnHnc2 belowthSÈg1$5Orn pubNc ban•flIa #¢hievBd dLn9th0p1d. The confimJlhellhty hsyF ¥%lih the requ•MnIS D[sn 17 ofthvcharllhi Ac12Qtl Iv due reprd to Uw wbMcben&lk0ushfr Pb1&he#Y the CllY ¢ommhElw for EngLind Was. $DrtsllnYKbMntpolleleg The T1883 cthnfimiihatlh¢y the rfrtyOttyments ol&e&k)Th 4 of Ihe ChartUesAci 2011 lobad• raoBrdtO th pvblk benom publtshedty Ihb Charfty ¢tyvm5I lorEng108wj Wths. Page2
Haual Sultan Bahu Trnst TN8ts05' R•port
Hairat Sultan Bahu Trusi Trust8, Report Ylwl)edl¢at•d HaTrd• 0181ke.. Volunts•r¢onMbutlon•o1 HJzraisuiiaN 8ahu Yw•t Th& splAI ol Ha2rat Sukan Bdhu's leach1& finds Vibrant oxprassvJn in tlreless elfortg of out d•dicated Ydunteèrs. Th8Yq 8•ms$$ Indi4lduÈi$ fonn th9 ihF H&Eiat Sultan Bahu Trusi, ththr¢ontrityJtknn6 Ihardro ihÈ1kns of hdlvlthJE aero&6dfverse Inllalfves. Unwavedng 3upporton Fmmts.. Our wknnteer3' work èncompa&BeS $ rrtgd Swit. Fefieclw the rnullrf8CuW rwtufe of th? Trusf6 end&8$. From edural and heallhcarn io¢ommunly duV¥bpmlalld envkonnwnlgl Awarèng$5. the¥We8ce L%feath oVrfQUrrnlSBrt. . Educathn. In JreYenhll rnadrn19AÈ, valunl08TS arl as meDlors and lutort, en19 Ihe 1rdll akperf&n¢ ts $ludoDls. They orgBnka eduB8lonal wortthops. lr4cydths, and prooiamE, a love f0rknm¢d0$ cuttural herlkge. Communty D8vglupM8nl' Our volunteers arè In£trumèntal in oFganizlnB food dme6, clothirvJ dond-114rt8, 8ttU flInEI 4S$lstancè pro9rams for the Underp1Èd. Th aciv8typ&rtkipete In de8nlines& drlws, dlsaslÈrrèW8lèfffjrtS, 5ng1h8th ih&GocJBSfabncofth2 t1. EnwmnNniJ Avr4FBne85.' Through gdu¢atknnAI ¢Èmpalgn8, trowLqnthJ waste m9¢mont QllF ¥thle8r& chornon 4rhlrwm9nt t•J8qs. ThBy Inspke Brtglnth proGkn and orrfwrag9 u88oa of r8¥wr¢B5. omthtl 8 haTmMiOusTrtsllsh1p[1kn nBturfy. B•yond m•aslb knpa¢L' ThFirEwdolovrvclUnte6tstsrbtsYCr quantMIBFAe mww. Thoy Mng wamlh, tsMnpasshN, and a s&nÈPOf¢llMUn to every wdBawur. ThBIF d?daDTh Insplres othors ¥olunteer. crÈaiino 8 rippl8 efferl of poslifvo ¢han. YhBy arnbody thè $phlt Hazr&t sl3Th Ba6thbTrvl, 58ryhq B5 role models lor ¥1flgssSad sodsl rosp0Th%l1y. A¢hkv•mèM• and p•rfyrmn¢o Thg h¥$ WrfFIU•d to It8 ehar119tlfy purpoe8¥ gThJ meet Ysdovoh)pmenl thhyèai. Thtr proryess of $ySttm5. prJreG pol¢leA 10 thsure Improved s8cO doury, OppmrSS, transwency and Acc1&Y hJB conlhued ovFrttkB yearand snOnI MI&tl hy¥e bTr aChed. Thtr userba5e ofthe hss ¢wOrthd Iv ytrw and 58d to ha u5Er nurnbero 5bnlll¢antrJ dl of ¢MtroS. EXpkrtYl¢ 14•trork The Ch&rfty l¥& nulWQtk of organ15allons gnd * ¢onstantyexpandkng •nd$irgnplh8nlnlllhal ohly hès a ne¥Y prorerty In WQ1verhnp1oft 91 Wwndwers A¥ènu&. Th• C{ has 8xtenon work ai Luion Bhd SIDugh LoDdon Branch, Ev•nlngandWMk4Md¥4pplgm•Trtary Tre chBrfty prOdeS Buppbmwlary ¢lassÈs malY br b8lwBen thè 80$$ 016 and 11. The numbèrof thll¢r4n 4ttendl IhBse 6upp]ementyy ha5 5ubslan¥aly Increas Ovor tho last tew y¢rs during thè L481 yègr in region of bur Ihous¥d thIr9 aitanded dH8Ges ihmu9houl Ihu eto[. Chlthn aré ofhred B broad bo$¢d IrddttknnBI 18m bgB•I on Sufi prtntlpEgs of ttlgIh? sptrIiUAIM&tè. AÈtying hurn£ty51 po•¢ehcQ-ex1rth oth8ts. Chyrity kn rnmmilkd lo wrs Str IhHI Ihpy can and law4bithnp lIn5 that moko 8 ¥ab cDntTlbuUDn to the UK. In Addltton. styppIWnent afa off•rod In Engllsh antl M91hs t¢Jvpwriaehle¥emDrf 6chuol. Iniom assessments are eArrfod out re08th dId n mensurkno InVo¥eff Strate99 10 bilj fjn th¥ gw¢oss oflh& aGNevemenlB. Blrn4nghsm A¢Nd•My The Blmiingham adrny wag undpr Ihe aufpkBS ol the Charty io wo¥ldb hh qualty luwon In thè art of th r8tytoiiM Dllh? Hoty Quffan and ill thF Ardè L4nguBg•. In Iw than thè scad9tny #a6 wown from 8 fi8dgllnp oparnikn 10 iy (r eou sludents. The Chlrfty SUPPQrtBd Ihe In sourdng hlgNy iellchÈrn from v&rbus counWo8. Audwny Pdes fa04re$S0lav. groUn(lorablllty. Thp 61]nghaM Qui*n Academy h&8 hugety In¥estsd In IL% uden1& Iralnlno ts dl its lo dBll¥eY Ihèlp HsseB onllne. Theh8b#okni8 was loèn•umthW thrtesludenis notTnlssiwion thBliedut&bgD and 81SU had & $wts place tocommvnkabwkn twleache Page 4
Hazmt Sultan Bahu Tnwt Tru8tOeB' Roport Thè Dar&lAmI clAseeB hRw bB8Tr runthw lor a number of yewB Bl dl ¢entfvs. A nurnber of sen1% b¥ere lakeTr 4n ye1 [% Iky ka to and taught nDW by Ewsh and Ljrdu sp8ykiw 5¢hDL¥s lo Worshlpondl414mlc EducAIIts Tha ChHrlty ts cOMed ID fgollhks tr roL¥ and to wovldlw for IL to dloP IMI kn(N%lody pth¢U¢E •f Islam. tt 1$ 4lxTr to )tknqlThg to tts Yr8 * iii dÈvetOFed lomi ol Brllith Islam approprtotg to ihB socw In whkh they Ilwandwork. In addttknn. th8 C8tity wn$a PR¥Famnfor IhB Ilth ol Im£rnBBnd ¢On1fl1tttothee5tatshrnenioI 8 fr91RY Of Bfjb5 Mu8llm r47nVwl th thej•I of th Ilh ol Iafft and thè ¢uttuEal. an6 contextol Th• OraDd MHwlh1.. ¢•knbraithu the Blrth ol Ihw Pr•pW Muhammad IP•o¢• B• up( bllml & Thv u.Annl Cgl•br•iion ltho Llfo ofHgzrot Suhan BAhu11141 The GrAnd MAwlkl cobrAt•S Ihè Nrth ol lh8 Prophel (Peactr Bg UpDD Hfjml and Is a reoular f&èivrB of WFe 8nDu?I ¢Ondr ¢fih0 Ch&rKy. ¢eDeially, bratE0Th and fr¥ènls ar• at al of the branches of ThB Cttadly. but due to thè pern we hovg had lo movg an olour m4oF anlln8. Thgse ewnt6 U&Èrstho opprrfunNy tfr com 10optho1 and jvln h th& Iurfou5 ¢thbraUon5 and to raflttt tyn lh8 Kle ol Proph81 muhamm Ns leuxy to humBnkknd-abtsve on (ne&sBgfr of p¥attèfil Co511$8, harynony and loigood In 811 È8poctsol Ite. AnolherseiitB of hfyhl gathytaw k%bcelebr2telhB Ilfe and Sufi Solnt P1 Sukni Bzhu IEGI- Aga, m0s& take pce numbèr ofc4nlrnS. howvvor lo pwdsmt we hAd to of rnajor MllnB. 8l$WluHI gBthethgs. m#ny and trothUDnHl<èramwv4$ tak8 14a. Egch 8v8M hosied &lerA. notab10 6thoLirÉ. $p8u4Ht Queen rlter8. Naslad SIS ¥Dll8FS. Pres8ntatIons And &ldr¢l8eÈEa m¥¢ In EwllEh. ArAbl Urdu, Pub7, Mkpurf and Sap4i. In Eddltson, key mernbers of IhB cjvk lead2rs. Ènd cwnilllors drawn from a v&d6ty of b&CkwoUS af2 Inviied Its •ttend Ibfr gaihodw¥ oNine. The Chartty In prwolrwJ ¢wnmunNy cohÈsK&n athd cementknll Ihks wtth olh#r and ¢harfUes. 51148014llon ¢orrnnunlty Foodbank, Infomi•iion. Advlce & Guldsnto Céntr• SI IAarch 2tr20 1111 prasÈnt, rh• ¢halty ha5 prOVe4 a So11-Ssdaiiw CDm4Thunily FoodbaThk. knfoDnalbn, AthAcÈ & Guk1an¢o Centrè 0M to pEgplo 01311 Lckg(l5 OF fallh. Thè cngrtiy dlsldbulqd essentL41 ¥uppWes to ihe rn0s1 VL¢nernts thiiw IDftk71 kd(rwn #nd con11n to sUPPOrt ihoge hants to Ih099 faclng Inanclal ¢rfs1s. Th ¢hrfty prov& Inknalkn. Advke 3nd GuidancB IIAGI QD 11 fflatters concemlnp the CDmrnunrfy. Tre IAG18 BtIN people frrjm all fdlths Bnd bAckBroundB. fill ttat4 th9tp>hM beun rnOTe Ihan 2WO petypl¥TAtho Ve benemiad fr¢m Intsrtallh & Dlgllal Platfo F¥¢yn Mgrch 2020 li prn1, The Ch2rfW hès borlled g¥ce55 of 25 pL4cè8 iJlw)t5hlp h BkmlrvJhBm by InlerfoRh brfgfing rneEVnps NViEh Binninuhym ¢fy Cwncll. The ChAthy havE bo8n wthiDg vAUi olhw gioys to make surè The Chat are all w¥re ol and current GownmMI PublK eall gUkI¢t tty koop al our r&gpectlva cwr69¥in$ 5Blp frixn the Spad of Iha rs. Duong Ihi$ Th8 aialliy ha8 bkn provknj Zoom f3dlllis Ip BlmilTrgham CKY Cwncll. Wèsi Mldl¥nd5 PolTh 8nd othBr faith groups ty wovldlnu Ih8m our TruSI Z40m acr¢xMI laclHty. thks has knWed The Charhty foi motè IIBxiblllty lo engage wllh an unumtted num¥trr of This w89 truthl foi Ihe %ucEe55 of pathèrs its th MDSqWS Bn&Dtherf£th COMM$ 8 moBDlnBlul %¥ay. Trls also benelit8d 20 Cro Oigonlsabon$ in 61mltwJham. Em•Fg•nryS•¥Yws M4•lld Rg•poM8o & NHS supwrt Frw Math 2020 10 pr488nl, Th& Chartiy Support our emergency 14tvi¢es by provldlnp them me5. ThB b8Th8fjc&?rfes The ChBrfty BalBall Hwèih Hlghqate Ffv Sl8tsw and Quaon El&ab&th H06pit. 200 peop bènefibd om Uik¥ 5sTvlr0. In A12020. Tre Charlty ¢ont8t10d by P?nn Ho&Fdtsl In WpfvOthafflOWhQ asked for ofter hearf ebout our service. The Charlty help ai$H#rt055 tho hospllalstruogllno ttt Purthase Items dufy to PIn tyIng or coul6 those V¢ coll lusi nol afford food And tdl•irie* InlOtal.TheCharityw29 to 1p 80 peD&. From Marth 2020 pF2senl Tho Chaity [BaCh over 35,000 pfjtrplé ¥Yhen Thè ChFrity W35 ¢DTRIs$lOne0 b¥ Pukn¢ H¥atth (Blrmirtgham ¢lly ¢ounGIII lo hp ueat& 2 sai$ ol ]malo meB5ao&% coverfng Urthj. Punlatyl. Argbi4 and Sylhèti Lgnguages. This reoch8O oult4 many minorfty commun5£ who have b$tn hardeStIlIhMuh0l1n Pdarn Pauq 5
Hazrat Sultan B#hu Trust Tru8¢090' Rgport FIMn¢lwl MYI the y&&r HSBT rèt81¥od iotBI IrKomB of £32m 12023.. £2.8ml. After incurdw expwthiurn 01 £2.Bm (2023.. £2.am}, Uie nel niovemBRI luDdsiv8& e411k {2D23. £154kl. Tha y8Br4nd carrted Towdrd #tr)od ai E6.&n12023', £5.9m} of Wh1th £8.3 P023.' £5.gml18 Unr45trk#fjd. Pollcyonrnswv4s Th• ¢hatity 8re dfjBrnsd to ¢OVor ths ktsPPOrt costs foi nfjxl yeai. The t$18& Gun5hr thjt IheTe are no m&ierW uncennI[¢S40D th$ClorlVs Bbullyto tfAIUweAa B coK8rn. Gothg £¢inc•rn ThatrustS Cmsid6rthatth8rnre Mrnatsrfal Uncert1185lIh• Chqrflybthlhtykn¢wLu•1& 4 The <hahty15 aN unlncorwAied charlly, formed under A dBed calkd COn8llluYon on 8th Sepl8mbeT 1985 and amendedon 14 Apro 20D7. Tho chzrtty reglstered Ihe Ch¥lO¢8¢ommlg8ionunder mf9¢F292697 on 41h OGloterlO85. The Trnslees are appolnd by Bwd of Tru¥• am s•N• ror # pB[1j af after vthlch pr they may wi thoms4 fom8 f¢fr1menj.1he coStItut pro¥vJes fora 1mm 014 Twslw 01#Tslee5 duefor rwpp)thnl on•yw. forsglURNI(•ymanryofftenlpernonnelThrJunqrallon The TruAtaÈ9 do not rec8lvè r8munornuon, ¥4 forexpens ID Ihp ¢harHY. t)ryanlJillonal81rn The charty has a numbor of hduLlrwJ thos& In LondDn, SbwJh, Noiunuhom, W&bi¥n. Luton, vvoerh3rnptrffi, Hall Grew*, Le8dk4nd Nolsm. ThoaE¢ounl& knwpor8ts th& rfjsthf a¥ ihe branc. Pg9se
Hazrat Sult•n 8ahu TnTr81 Trust8. Report Relatlon•hip#wlthmblAd partle• End CornmunltyCollog• Sultan Raz v1 Has SLJn NI ul Ha$6an. ofHSBT Wo¥0¥$1¥8¥ ofW&¥d End Communoy Cdlwe. a harity INo.11207691. Sultth BAhu C4ntr• Suk3n Flaz HaA8anAnd SultsTrNL2z ul HABfan.IruGleeBof HSBT ar£ AlloBle1 of Suman Centre, o re01¥e L¥fiiylNO.1t3n121. CAshllowendl8d¢offvndJ Poorcash Ihwand lac offundsean hlAderlhe abllty ollhe Trusllo dfver mBny Df IL% Th• Trngl h&9 emba on è ct redvciion rKoor9rnw As 4tthi$ actY. tho Trust hos redUd IL6 Ms IN¥tr4M¥Ikn Otsfv¢tsv•s •pOlIC1$ The chfirlty5 ewo Fl to a nurnber ol hand rfJk5 IUdIng rfsk. cth 1151 and rfsk. The use of fvarte1 dertvÈllvès k4 by thB thattty's pollrkn by tho board of INthes, knlch provlde on use ol tIaIN95 10 manJe Ihe5e A5kB. The charity does not uÈe in$trumwts for 5pe¢uL2U¥e The a¢fjvttk#wos• tt Wtwnckl d6ks olch8ng&s(n lokd rato$and IniereBlrdteB.The thgrfiy u&&Bfordon exthAnge fordard contrath& nre Yat& $Yrap lo heOBo theseexposllr•&. bnwèst&rItsll 8A$frtÉAnO •lfixod rnie 1o•n$urot4rt4lntyof cBshlknw5. The ¢hÈrtiy'$ ptr&iclp thnCL41 aBs4Is 8re bank bal•nc6$ 8nd ¢a$h. IAde ond 0th2r e[b*s, Bnd In¥eStrt$.Th& t[ty,¥ credll 15 prknarfly altrtsutab1e lo ils trade reBdvRbk5. The Smo1$ pY$$wt0d kn Ihg blaDce 5heBI are n81 ol albJ4vances doubttLI r£ce5¥8Mes. An allowence fiv ImpBlrnienl Is made wheF4 Ir• ig IdBnlffi8d Ioss ovenl whlth, basad on w1oua &¥p$rf¢0. ia vf g Ihe rK(werability of the GHsh Ilwy. The uedll risk Ilwtd lund$ #nd dartlIV financigl Itrn Umlled the wunterp3rti8S are banks vthh tngh credi14ags aEs&ned by internalknnal crèdil-raiino aBenCS.Th0ch¥rity h¥s no siwifi¢aniconcéntrallon of ¢redll r15K Wh5re ¥Ir0vor4 numbFrof GouTrlpTr3rfYdS and Uwxldltyrt8 In owdei lo Iv4uldity lo?llFureth&l511ftTrl lund3 are a¥aRat4e loronOn¥ (Wglkn) fiLfvf¢devéhfftDts. th8chat $ a 0fn0-teM And shoti-km d•birXACfj. Furfh£rdBlll4a thjulwrfsk CBll be thB Siaknonlof AUni1[ r¥)X¢i8s Inthpllnanda &lu14menlts. Paqo 1
Hazrat Sultan Bahu Trust Trustees. Report DIB¢lo•ure of Inforniatlon to audlior Each trustsè has take* Steps Ihal Ih8y ought lo have lak8n a¥ a trusts8 h order to make themSe8S aware of any relevant audlt information and 10 èstablish thai th8 charNy's audllor Is awara of that Infomiation. The trusts86 confimi Ihai there is nts rdèvant infotmatiDll thatt kniJwofand ofwhich tw kn¢)w the auditor k% unaware. The annual reportwas approved by the tn1888 oflhe chaty on and svJnèd on it6 behalf by.. Sultan Niaz-ukHassan Tru8tse PagE 8
Hazrat Sultan 8ahu Trust Slalm•nt of TTUSt•os' R08pon¥lbllltlo8 trJAlÈ8S are responsfo for Ihe Intstees. repjrt and IbB final stalemeN51Tr 8cwd8nGevdlh Ihe lJnh¢d A)unting Slgndwds IU(wlgd Kkngdom Ggnerauy Awèptad Ac¢ountity PrdGVcel 8nd appllcable law and F8oulaUons. The L4w appUC8b io chathle5 18gulres the INsleeE to preparo inancw Gkiernents fr>re•ch a bue and fair ol Ihp sblo Dl¥ffèlng ol Ihè chhrty and of Ihé Incoming and of rgSDufwa of Iho chamy trlh&l pwlod. In preparfng IheEelnan(¥al SlMentS, Iru51efj5 aro Toqutrèd ty. IhÉrt apptheM¢Onsluy'. obgerve the methods and in Ihts ChathlBsSORP'. mBkegemenlSdndlstthaIÈS thEI ere rE88aTh9 wud801.. 8te whether applcable 8taittarfs bB8n folknw1. irry tnatetstdgpartUi45 dl¥do¥fjd Or expla$d the financloj 8lalements'. and epste IhefiiwclBIsi&terneM5 C1 ooknp ethc•ms1 Nls IrsappFopAe io m9th¢¢ItyJityI conlInkn The aty IDrkgBplw proper terAYdA th8ld15GB wlth rea¥onBble JTry Iho sHth of thè chwty and enÈbk Ihèth 5Men)ents comply wllh the chBrI6 A¢1 2011. Ihe Ch8dtl$a {Atctstsrtg arkl Ro00rt$l RB4ulalions. And ihe wDvl&lon# tsf thè cons10. Th& thJÈiees ats responsiNe lor gtsguardlng ihB assets of charity and h&nc& for I&•$¢nab stsps frjr the wavèhlKan 0&teCtiL of frau& and olF*r 11rnguI)rf1fr5.
Hurat Sullan Bahu YruBt Indep¢ndgnt AudltoV$ Report ¢0 tha M8mbgY8 of H•2rat Sult4rt Bahu Trust Opknlon Wp hove the financlal ¥tHlptnents of Suttan 8ahu TFUSI {thè'chèrftyl tol yw eDd9d 31 March 2024, whkh IhB StstfmBnt tsf FIMne] Aetmbès. Balantè Shèèt. Cash Flow Sialemwl, end Noieb to thÈ Finwei#l stat8m Incbjdlnu 6 Bummory ol SWJnlfiTrI accounllng polIc The fanCl ieporunp IrAm¢work thai h¥5 b8Bll appued kn Ihslr prepAr&¥on 19 UTrlted Kkngdorn Accountlng Standdrds. tomprllno Chat1¢Y SORP - FR$ 102 'The Fhioncl&l Reportlno Stsndatd ap1¢$b in thq UK 2nd Rèpublkol IrtilthJ'¥lld appll¢abl8 i#w (Uniled KqdoM GenwAly Acc1 Accounting Prthl. give A trua fAlr eOf th8 51È18 ofihè chaftly's af[BirJt 31 March 2024 ond of kwmlNJ ro80tr08 JpfvbDTroI resou&&. Includlnu hs fin¢(thed &Wdttut. ri•Year Un ended,. has b¢4n propafv sYap&r6d In 45iih Unlted Klngdom GOrnI A¢¢opled AKounUng Prdco,. 4 havp been prepad kn aGcudanc•wNh IreqlreMen of thfy Ch¥riUe$ Ar12011. Wo cu21ed our aud In a¢¢orfan¢t wilh InletnBbDn Stsnd8rdB Audilln& (UK) IISAS IUKII and appiab . Our r95PQn6I1I95 undor thNe ilAndards are further d&s¢TlbEI in Ihg Aud0& reSponbIlItI&# for thè of the flnanckl slaiemeNs ol our report. WÉ ar& IndtysD¢6nl of the charty In xcordantt vthh thEtelhicBI requiellI£ Ihaiayfy i¢lEv¥nl lo wi audbt of Ihe financkl ylalernents ITr lh8 UK. Indu(lino tho FRC'S Eth1 Stand3fd, and wo h$vè futhl£ts our other elhleal ro$p¢fk8H)Ilil In 8¢d¢&1th th•81 rqqutrBmenl8. V¥ bdthfrlhal havB obtalned 158fftlwi tyJ aPPPal0 to woblde bAGSyforourophknn. COn¢luOl wlA14hgto 9olng ¢Dnc•in We hav& nothlng torewt in reBpedtsfth&Wj rnBllerE In raOn iovthkh ihe ISAB (UK) r£qulre u YOU whBTD.' yoing concem bas1È of axounllrvJ lnitr OreFalian of Ihè finand81 &tat•lAlS htslapproprlBie', or the Iru91ees hgv¢ noi In kne stslerntS any kniiw matetlal Uncertsh$ thai may cègt doubl Joul thè bty lo coTrlhiue bèdoDt th¢ ronrem fvr 8 rtOd of8t10OBttt¥the montsfvom IhedatewIn thfr dlalmonts • authori6ed tsrlsBUe. Oth•rSThform&tlon The INstees are reeponEItrAe lor t other InformaL. The Dther Inknmallon tomp1e8 InformBlhJn Induded kn tho gnnusl rapttrt, othÈr th IhB fin8n¢iNI slatgfflents and our rw IhBf90n. Ouroplnkn) On thB flDpndd slJleffjgnts does not co¥6r tho othèr knlcfmauon Bnd. except lo lh9 OlhÉAth Bialad In rjur rw. do not ekTYesB form of luskntrrfy)n. In conneclknnwth our ats< of th¢ Iii¥o¢K?l $talem8ntE. our reBponsitAll¥ is 1¢ re the othei Information Ènd. (soing so, con&der the¥ thfj Oth Is m8lerWy Ineonsktlnl thè ntkanc4al $taiements or our thowlsdufj obtakned in Ihe audll or ¥ppg¥(s lo be mqlertarty mls6lBted. 11 w@ Identw Aych iDcongiMen¢lèA Dr #ppar8ni malètsl rn1861atementè. we re wilred io 8EmIne whèthei Iner& is a m¥itsd81 mi58latemenl In Ihe finan¢1 $tatgment6 LY a fflalerw r£Satl&tr ol Ih other knlomiath)n. 11, b9sèd on th9 work h8¥e PBrforn8d. ¥ve that Ihgre is a nwertBI mL%$wBmeni DI this oth r8quirBd Iv thalfad. ha¥0 ltstspDrtlTrlN¥ Fegard. itèr8 Dn whlchw•r• r•91r•d 10 rtypDrtby oxcgptlon iho IkJM tsf our [8&e and derBian9 oTlh¢ chatity Hs eTrthnmenlobWnwJ knthg CQUFSe Qtlhe 8ud5t. we haytr not 1¢oniiti$d tal in Ihe TNsle8B' Reporl. W& noihlmu In respeL of ihe fol maws whow the (*wUJes 2011 tuqu1 us to report to you W, In our oplnkn.. Pagvl 10
Hazrat Sultan Bahu TN6t Independent Audltor'$ R•portto th8 Members of Hazrat Sultan Bahu Tru¥t at¢ovnlW recurds have nol W kepl. Dr Feium5 adute lor our h9W llot boon rocthd frum branBhes nat the $iwTr8nts In agr•n1¥h the acGounllnll ¥eerKd&And relu ¢r ¢artaln dL%dosuKe6 oftrUgteB8 reMnrtlR $wlflwd bytswatB notfflad2.' or we hAvend reCe[d Bl the hformat1on 9Th1 p1nt)S forcul lludlL R•Aponlbllllkn oltYu#t•# AB BMraInÈd mor• fuuy IN the Slatsm of TN5tgtrs' Respon8141th 1¥91 Ixrt on gage 91. Ihe trustses aro for Ihe prepar£lion ollhe Inan& 8tslemBnt8 ano forbdrvJ saU¥led thai thoy o INe and for such Intemal contKol 8$ iho uBloes deteThine15 necoBSBry tc ee th• pr@pat&lon stalernts that from rn4tethHE nilW8iamBni. Jo lo fraud N error. In wep3rlrvJ the flnandd gieniTrts. th9 tsusieBs at? feskhjns1e l0rAW¥j the Blty ta as coneem. slno, as 8pptsrFb. mattwE ielated Io grAna ton¢@rn usln9 the ¢ont•rn baby$ of acevuntThJ unlos¥ trust th8rlnlend Iv 1Ndtel rtharfty tyirj Cla0palS, ortrAV8 no r&aUst¥ltornallVÈèUl toth) so. dltotr6 r4spon•lbllth• forth8 AlkDlthpllnanclalJlatsmkn ¢)Jr 0¢t8$ Bre ID obtan W$On&blF a8gLrance aboth s¥hath¢r the financl81 9tat£mèth$ a5 J ale Irtrn Ma[[al mlsÈt8tsm•rt. véh91her to fraud or error. Its issuè an 3udliorfs report Ih¥i InGludg5 opliilon. RèasunaWE assU1c£ 15 È PdVBI of assur8n(. bui 1$ ntyt & guawanlee that an audll in acmrdance wllh ISA¥ IVKI vAll dètht mi8$latQmBnt Il 4xL%ts. MIBslatem&ffs ¢8n ¥rise fvom fraud or 8nd Wre cOndered il, 1ndldU1Y or In I awreg8le. thgy COLOJ reasonab b• èxpgcttyd lo InfluencB Ihe economi¢ d8G151ons ol users laX9n fjn the tsBIG of those AS pEA of Sn audtt in k¢torfancg th Iskn (UK), w& pB)fBsslonAI mlllnWn profe%$ts SC¥ Ihrouah¢ tho audll. Wa a&4.. IdÈntfy as8B85 the rfgk8 of mwt4mDt of IhB fin8n(Y4 1ts14rnents. bhether dts• tty fra or error, deurn perfo audlt procedbiès ID th06e Asks. and obt¥lh auLII evenCe ih¥ is suffiCnt and &ppropii#ig to pro¥ld& a bas lol ourwhiorn Th& ttskol nDI a tnalgrf31 misslalemeni rosulling frDm fréud hlghErthqD tsrone reyulbw Brror. && l(8ud may Inv¥¢41UgOn, foroary, lnteniio rnIAr¥&8nlauUn5. ((theo¥ethd8 vf int8[1 rntrOl. Obtaln Bn undBfgtaThlkny of contrd renE 10 thé audl in ordor kn) dèaign oudll proredui&8 thai appropriBte In I ¢IFwm51f4KeS. tsu101 forih&purpDse of 84es5ing an OTrIOn on Ihp BffethenessollhèchaFlty'$ tM31¢0. Evaluaiè Ihe appYowlètsno5¥ of accouniini pdi¢lÈ& the rfIr)nabn9$s of ac¢ountHIg @sli15 and &18d th¥(k>FU5 mHd&bylhe tru618. on Ihg ttppropriatene56 oflh8 useoftbe goknq CDnc6m bASiS of accounung and. beOon thè alld ewdgnce oblained. vthethér É matgrE&I uncertalnty eBts reLqtO¢l io DV@nts or condlYon$ thbl may casi slynifl&l duubt Ibe GhaTWs Èhllly 10 tontlnug as a guing Gvncern. Ifwè eonciude Ihal a mated4 unC8rtTrty e$ts. vie gte requirBd lo diaw tentIOn h our ¥vdltrFs rfjpwt lo Ihe rdyied d18csur&£ kn th• stèt4meNts OF. K such dlxcloÈutDS ¥Tg TDadewaie, its [rVY our oplnion. OuiconduyonBare bè$trJ on lh9 8dence obt4ln8d up lo the daieof our audltof5 report. Howèw, luttlitretS C4>ndlloMs mAy¢w$¢tho ch&Dty 10 CB83è to tonVIlUg F3 a901ny Evaual8 th¢ over811 pre&entatyM, gtrUcluB contenl ol thfr fina1 alernontè, IbTr ooIre$. and theiherthe flnanclal Bt&t£mthNs tepr8¥onlthe erb¥iV #nd BvenlB In b fftannvrthatachths fail prèxknt4tknn, Obi4kn approprte atsdlt rfjyaidlroj th& knfDrm81th 01 thè trrrt51 or bu51rtsgs wlthln the to on tho flnAftcTra $tstomwrfs. We rOwnfortha dlrn¢bon. 2nd of th$ ¢harty ludil. We rernaln sWr9¥ponsible hrourALk111 DnIon. ¥ ¢ommuDe YAth thDse wfth gDvemanGE fegardlw. aThong Mall, the arted scope IbTrlnB oflha and *9nlThcgnt dIlding3. Indudhpany defit18lesln Int1 ¢onlrolthal wa Idtynllfydudnu ouraud Th15 rBport is made t¢ thp As ¥ body. accorda vith 5e¢Urm 144 Iho ChHriUas Ad 2011 rewlatlons madu undor secilon 154 otlh81 Arl. 0urwk hgs been 40 lha1 mlglrt stateio thè Itu¥l8es Ihoae mAttèf8 wè bffj requi0 lo 519te lo IfuBiee& In gudltots'fwrt for no ther purpo8e. f¢ Ihe lu151 eent mIrt1j by l&¥. we d¢ not ktCFpIgT assumg respon8lblllty to olhBflhAn the ehaAIyaDd tts a body, for Our 5uthI woik. for Ihl8 teporf. or for tho OFrfrdon$Tr hav$fon. Pap 11
Hazrat Sultan Bahu TNst Indep8r4dent Audltor'$ Report to the Mernbers of Hazrat Sultan Bahu Trust Sh8r&, Charfeted A¢omLOnig. Is ¢1 loi HPPPDinirnwl aE Wuttior of th* ¢h¥ity by Vtrs$ of ils e11giknlly lor 8ppolnlment 85 audhorol AY tsnder seclloN 1212 olthe Compa5 A¢1 2006. 'tOUfflEMs Istatuioty Aurfkn 4 Ph9hbnd$ Court Cfanmtye Ayenuv We51 m9[15 890 4LE Daie'.31 I•ty 2025 Page 12
Hazrat Sulton Bahu Trust Statsmgnt of Flnan¢l¥l Acttvlllos f¢)r th• Y•#r Ended 31 March 2024 R#trfGt•d fund Total ao24 funds Not• tn¢om•Aid EndOwntr from.. DOn9tn$ ènd le9È¥ Othertradlw AC1111e V8Bknenl 2,B34,548 397,42 2..54 397.42 3,233.SD2 3.233.592 exp•ndltur• oTr'. funds Ch9fi18bk•aciivknty 2.31S.758 .8Q6.744 TO1 Expenthiu 2,331,247 490.98fj 2,822 233 IrKorno1(4xpendRure} s01rath5tsrs b2ts¥2eM fvndB gD2.345 490.986 (490.kl 490.986 411.359 Nel rnowrneni Inknd8 411.359 411,351 R•con¢lll4iion ofltsNd¥ TO1 funds brouohl lotward 5,905,627 5,905.e27 TOW ¢rykd f4Mvd 10 Total 2023 EndoTn•ni•lrom'. 2834.845 359,DI¥ 2.424.845 359.015 0th8rtradiw T01 Irwxmg 2 Y93.Q60 Exp•ndltw•On- Gln9 fvnd5 ChotttBb 133.930} 2.212 469 133.0301 2.005.074 393 215 2 246.389 383 215 2,639 8Q4 Nei kxomBllexpendlturel GrDss tra181$ lJnd$ 547.471 393.21$ 1$4,28e 393.215 Nel movemerrtln knnd$ 164.256 154,256 oTr¢lllatlon ollunth T¢tal fvnds kwvghl fM¥a 5.76%,371 5 751,371 T¢t81 GwAed foTh¥ud 5 805 627 5.805 827 Tho fund& kn2DI9 5hvth)I IDJIO 19. Pag8 13
Hazrnt Sultan Bahu Trust (Registration number: 2926971 Balance Shgtrt a$ at 31 March 2024 2024 2023 Flxed aB¥•ts T8nglbl6 assets Inva$lmonts 13 14 8,408,868 1.852,826 8,685,158 1.852.826 10,281,694 10.537.984 ¢urrgnl a$$ets Debtors Cash at bankand in hand 351,234 622,544 288.825 383,998 973,778 672,823 Or9. Amounts lalllng du• wlthln onè year 2,717.343 2.783,443 Not ¢uri•nt l1abllltS 1.743.565 2,110,620 Total as80ts1088 ¢uvr•nt Ilblllll•i 8,518,129 8,427.364 Cmdltots: Amouni falllng due after more thaTr ono 18 2,201,143 2,521.737 N¢t4¥wts 6.316,986 5 905.627 Funds olthe charlty.. Unreitrlctsd Income funds Unre51ri¢tsd funds 6,316,986 S.$.@27 Totsl funds 19 0.316.986 5.905,827 Th8 ffinancl $ts18ments on page$ 13 to 28 were approved by Ihe trustee8. and aulhorised for i&Èue on thelrbahalf by,. and $lgned on Sultan Niazl-Ha5san Trustee Pape 14
Hazrat Sultan B#hu Trust Ca8h Flow Ststsment fortha Year Endgd 31 Mar¢h 2024 2424 4115& 154,256 Adluilmonts to&whllDYM Irorn nonllUBh Depreclallo Inve4lmBm Incomo 276.8e5 27fj,257 686.616 42Y.513 Worklno Gap6t•l adJuqtmBnts Inets#ÈB dtrbtor lD2cre•se)n(re7n¢dItQT8 62,4091 5S.21 48.2J7 Nrf e3f4h fiDwsfr¢m (rf)erÈlkng 9¢Uvll• 4e8.894 •sh I1110m1nV¢I1knu nctfvitlo• 1.618 57 Pur¢has¢ tsf flx$d 4ss9ts 13 28.YY3 NOtcBshfiDWsfr In¥eBlkng o¢U¥4I0¥ 23,733 h I11rOmflnac1g1ctfvhII0S R@paymèrt¢fl¢gns $nd bgttDwkFg8 17 1321.47bl 1263,58k} 53.39S 331.475 31e,gb5 ZS8.$48 129.176 C•th and at 1 A1 383,998 254.822 C8gh and Gash a131 Mah G22 df44 383.098 Pogfy IS
Hazrnt Sultan Bahu Trust
Nots8 to the Flnan¢Kal 8tatem•nts for th• Yoar Endod 31 March 2024
1 poll¢•
8l•lllmTrht of compllan¢
The IlllAntlal 3totemBrrty been wepaied hi acc
Hazrat Sultan gahu Tru$t Noto5 to thg Flnan¢lal 81atgm6nts for the Ygar End•d 31 March 2024 R8lJkngfvndJ Th080 Arè ¢OBt8lrKurr•l WnIry th6 m#911 Df InvgsirnenL ar thOse1rurrnd Inlradho aciKth5 that ra95. Chorflible a¢Uvlll•s Charftsblè C•MRe coBfB kncurred by th8 cwty kn the dthEry0fltgBCh684nd S8{rI1$erfl¢ae. 11 ihdt con be dknrAted dtredly io such actMUo6 and of èn ndkect nabjtp nacEs7ary lo P$Tr5 fCrgIts 4r9 IntsnUDn kTr mak? & granl has bn commun tts thè Ibqm Is urKqrtainly support costs Support cosis uhioj and ve bEen aated to acllvlty C¢gt ¢t4$ bask C18141 wlih uae of fe&Ourr fDr èXBrnple. propty to$ tyy lknor or percapR4. 51aff c09t8 by the lime Apeni and vlnèr wsts by the USWJP. Th8St Inc¢ tr)• COSL% to the cofftpilEam cwotluuonoj and stalut4ry reqramPAI. Inrwnll sw•iegk man8oÈmtt8nd &10$,$ medw6 0fKlkniburntdexpenGe5. Govemmeni grants ar8 recognlsed based on Mlld and mBaBured al the lak of tho 8$$ot rgGpl¥ed LY rècthabk. GF8nts ayè ¢lasgh1 ag Yol•lng OlurIor•IVe orlL> Hssots. tsrAnt$ rèkuno ta ravanu8¥r8 r8rognlBed In Income over lh9 vthlrh th8 al80 &ts are Fecogntsed. Grants rekung lo assots artr racognhed ovar tha Ifs of tho 955gt. wle portofA 9Rnt rdalkng loan 038è1 d[rTed. Ills fBewWa8 d8ferred Inrorn&. T4Aatlo ch¥rity Is $bJrj $& lh¥ tesls S oul in Parallraph I S¢hthk 8 ofiM FlnanrÈ Ack 201Q and therefore11 meets thè d•finkn) ¢f a choriiablo ¢ompiny for UK cotPQT&bvn wFpoJeJ. ACcOlll. Ihp rhahly potent1d exryl trom tax&Yon In tpect ol or gqlns rece Wkth cèlegorte5 rr&I thaptor 3 Pari 11 01 thè Cuwralion Tax 2010 S£ciknTh 256 vf the TAtn of Charoallb Gokn6 A¢t 1992. tty th8 •1 that guch Irwmty u 9•ln$ 81e Pd eA[Ye lo dmdual tw B5$9IS COBIW £l.OOD or rnorn rthd al cox &¥b84iJ$ni dpprertsucn thid DopiclAUon •hd Deprethtion ts ffjdgd on tsng1bler 4sB&l& iowrftoff the c05tLYWual,lO¥$9rtY reNduglvalue. ovor •wetod u8eIulawrlfft8$ folbws. A¥$¥t ¢ Depreclaikn m•thod FRts 50years-Slrdght Nrt6 mdh( 15y•ai¥-SlTrl9hl rnelhoo 20%- SIrah1 Ilne mfyth¢d FiktweJ & Flttl MDtorVeNc PÈ0¢ 17
Hazrat Sultat) Bahu Truot Nots8 to tho Flnnclil Stst•mgnts lortho Y•4r El• 31 Mar¢h 2024 Invfrstment yopety Is carl0 al tsirvalug. thD¥ed fm Ihp Gytrpnl TnatkBI wicfjs foi EornpaTablg rFal estate deletmlmd annUTr by themal ¥alu¢ts. Th8 v•luots u rkn$etvatye rnarkei adwsièd il nÈcF¥¥ary l¢r any dffior•n¢e In tho Aafvr. kxalvJn tltin &$pec4&SI.ch9ngeJ kn laVU8 aro reccpnised kn prollorth Tmd• debio Tièj? ebISaFa •muunts dUefr $tOn fw rn8rth9nil8•Boidor5BThkos lilhB oNHnBry CDurB4 Df bAn. Trale deblorsgr• ro¢ognisèd hiti&lyo1 Ihe Thgy gFQ mèasur&1 al norbs£d uslog tho wffouiv9 Intsrestrn•lhod. 1ry55 pflp44L for ImpHinhEni.A PFovltskJn forthe lmpa5rmIotIrftde dabiOT818 a&1alSh8d Its d¢trAithoath b? a0 amourrtBdus ac¢ordinDtsth@ 1nl 1gTmBoI Ihe reCVab1PS. Cash Endt••h•quxhfits Ch and cJGh h8rtts and call depoBR5. And otherghort-kn h1vh In¥Ents Ihal llre readlty conveYUNèkn & kn¢wn kmouniol(8h and biÈ¢t on in5ignrfTrt rfÉkolr4Mnoe In ¥8luÈ, lnlere-b8arlnitiwiffj$ are word# wlfalrv4lue. ngloltransad CO9. Irt¢T8$1-bvatho bL5equgntty Eurrled 01 arnortlsed cos1. vAth th8 dmergnce bèeTh the yr4¢dÈ, ol cosis. And thè amount dtstr on redqm being rbcognidBB e ¢hargetrJthe St8tamÈnlof Flnand8$AsUvllsOv8rIhe perknd ollhè borrth¥ln9. In[e%teMpeE9IS FdCo9$ed on the bB501thee1[Bf4 kiter mdPJod gnd15 Iteth In Interestpayablo and 8lmllgr¢hatO•S. 8oYEfM1B aro clas as Ibbi¥b6s unless th8 has an uncondhtknLg1 F4h to dofgT of Ilabvlty for ai lIw9 monihA &ftÈrthe t8porflng dytg. Fund •iwucture Unweslrfthd ndS W?58F1 funth M Yrn 4vkllBbk fw UB * tru5100sdi$ordon hl JrtherBn¢è oflhs th1&¢b fjf Ih•ch8dty. ReAb1eièd In¢uMè fundfl In3 ortr BPd¢ll¢ ppts, thE Dfi4kh Is r88lrkte& kn thBt OTPU[p. pons10 and olhgf POJtrnllrgmontobllgotton4 The CMIY QPBialB3 a fined conlribuuon pgnslon Bchema TrICh ly un&rwhrth11xd conirtJJllDn5 pd Into penglm knnd Iha thaty ha$ no t8951 or wns1[la obllwuon to poy 11 the lund thes Nol hold snl&•1Sttsto PÈyÈll 8mrAtsyBo* thFbFnFffitsTrlaUng ID Brnployee GeFthce Inihe wrrqnl ¥nlfprod. Contribjuons lo definBd canlrfbjuon an6 are recDgnlsBd In the Slytsfnenlof Flnand31 AdvlU¥ Ihey t¥0 duv. IlcontrtbJlkn n)enl8 èxcaÉd dwforsètvl¢•, trxc•ts ks recognlsed 81 a pr8p8ymBnl. FINDcl ITrBtsumvn Clffssfft•Won HnancE ay8ets ènd wr9 recognl3wJ wheii the a party the ol FlnanBLglllob14Ues and eryu5ty Instnlmts ar8e$S axotdlnglo Mèsub8t•tKfj ollhe EontraGtualarrawement8 efiteiéd IDIO. •)ulty In$liumt wanyc0ntruciihatev4d2n2 regldud Iniwostln the a5Jeis of thè ¢hatity 8fterOBductlnq all of ltslbblrflE¥. Palle 18
Hazrtt Sultan Bahu Twfjt Notes to thp Flnanclal Ststgmants for th8 Year Ended 31 IAar¢h 2024 All a5581¥ 8nd lIabNe$ we prfto (Ndudlng bn$8¢Ek>) ¢oswi. èx¢pt fiy those lh7th¢1 %sètA GL9581fi as &1 IBirvabo thrauoh proll or IoB6, Vlhlth are In1117Jly measured al falr valjg {whh Is nuTm¥lty the iiansacuts tyan$s¢tion cost51. unless Ihg atTNrypmoni ¢fjn8lilUt¢s a fjiwThclng tr8n$4rlM. If an èffÈno6mÈnl ctsnsdiut&s Ilnanclngltgn8aGkn. fi¢11 lbin L3 mee6?&t pre5enl vu8 of thg fviuR paYrnent&dlBcoUntr ata Alfrol 1nleresllorarnir40tyl knJitumwnL FInatl Aisèts I1185 In tho stalwn£rti of flnartw pts8th 4j lY Wh Ih8r• o¥K4ts ¥ Worwbltt to Aelotltheiecogniied amounisand the ch¥ity htgnds ther to Gotton a netb6. orlo reall thea65etaTrd 50tt19 lilbNAy $lmult¥rt8w¥ty. FInanCl a55etsate detKowised ythEn artd only ¥1 conliwclual [Jht8 lo the cash trom the fftnanckl assel explre or &etUÈd. b} Itteeh1Y tfansfern io anothei pgny SSHnty all of Ihe Flsk6 and rdS olownèr8hlp of ass, orc} Ihfj thily, dèwiè hav r8t•knBd 90mfr. tsut not 1. 0ficant rt&ksand row$ 0lthnot5h. has Ir4nofFwgd tsf lh9 •6sDI 104nolhèrparty. FlTranrWlkybMttk9J •ro d8[8¢oJ9 ontyln th•orqiD8Uw gr4pJned th thE£¢1[tT&dI&kgEd, canceledorexpl D¢btfn5truments tkni In8trumanth meat the folkA1ng Eth84uBnlty me88ui•d 1 amorfw ¢051 ellekn la) Tho ¢Orfts¢tufjl rdurn to the Mdgr ts111 è tÉ¥èd amrt.. OU a Ixeo ralvor a ¥orkt4e rwe.. or {) B cOMnI of8 vOra ngqglw tat&gnd a ¥a¥Wl& r•. Ibl The contradmayprovhle for repaymty)L8 of thè reltsm lty Ihg ho8r<bUt not tthI to be I1 to 3 sknthè r8lw8ni obtsBtysbl# Iof gÈnÈial rAIL kn14aiion of Iho In whi¢h th9 debt 5n5trumt * denomknAtthl, wov1déd gucn ntst (¢1 The¢on mty prowe for8 dthrmh•bh v$D•lbrt oftht r¥tum toth&erdurfn9 tha Nfe Of IftBumen( wvldtrd Ih810) è new raie 5allsfiBs condlllon lal Ihe v8Aoiion Is noi conbnoÈAt w ithurB ¢veDl% other than 111 a change ol a Contr1&1 Tala.. 121 to prottrrt holder aga51 crÈdll d8lenorthn of the er. 131 eh$ryes ID applied by a Gentr91 bBnk trom ¢hBnwln rèhvgnitsxalon arww,. 011111 Ibo n6W Ot6 is a mathel rtteoflntere8iand krbean (al. {d) Ther6 15 no tractU provIon thAt could. by B 1AM, In Iho hojr tho prfndF41 •mounl or any 111 ITbU11O the cutrpth P8ttod Olorpor¥). lo) Corpt prothTrs th pemlt the iA8UW 10 wepay • d¢t Insltwn?nl or peThM Ihe hder ID Pui li bk to Ih81sBuerb matudty are nul cont¢81 on future e¥onis, othef than to proiect the hohlèr aoalnst Ihe Gr0dl delethoraiion of Ihe &Gu&r or cthange In otlhe Su•r. or tè prolectthe Wei or knouBrAgpdnslth#npèx1n I98 appld by a cenirolbAnk or (langeg h relevant taxalknn or1. ffj Contraclu&l PFOW$IOnS TnBy poNnlllhe extonslon oflhoteThn ofthe debl In$iwm0rt, ptothdvd thatthe relumtotha hobjèr nd 8fty rthrcontractd wothknng•pplsblg tythnded ténp cond1080[p&Ièu[aPhs lal lo (¢1. Debl I1 FAP 55d pble cf re8t1• wNhkn onfr yer on ini11 recojnllknn above ¢dnB ore mea&urèl ot 18tntd arnt tsf Ino c4¥h or other conEbJèMUw ¢ype¢thd 10 b# or not uf palm)8rt1. wrth the exc2plFon vf wrne hpIng dgN InstNmarrts nol meetknp 8r¥ al f value rouoh yofftorlo¥s. to ma whlo the condthmmVW1 •bO¥e4Tt measureo al cost ba nil) kn$ Pwe tg
Hazrat Sultan 88hu Tru•t Notss to tha Flnanclal 8tht•monts lor th• Yoar Ended 31 March 2024 Invesllll•lllS InvèstmentJ In prèferencè share84 nwulioble<Kd5n or pr•knrw thare6 (vthare 8hBfèBare PLknlldy tradAd or thetr falr value Is mQ¥Èi9e) ai fair value Ihrough pmfft or itsss. Iglr b9 I1&y. I$1Ments gre IneaEuied al cost lrnpaimert. Imslment¥ sub¥1diarlb¥ 8$¥0¢4810s AIÈ niè8ALThd coll I•s8 Imp8Ym•nt. For lnvtsbeftts In sdTIeS BCqLlred r nSId¥sb imludknp the IBSts• 018hsres quallfylnp for marger ro101, cogt Is moasured by rofsronc• to thp of ih ShaT plw Dfvthgr¢oDldotatknD. kny premiuth l¥ wnw9d. Tho be91 of Is e quoted pth tran lttenlkal essei h an a¢lP4e rn8rket. Wb¢n qUDtsd prf¢85 are unavaMaFA?, tho prt¢d ola rèeènltmnAaclM lor an Idèntktèl wovhl&g evIda 4ltslrwath as long au there ha5 not been a 51onlflw)iehangB In e¢Dngmir rlrcwnBtsn¢os or 8 slgniflwtt lèpso of $in¢e tho tsansactlrm look place. 11 the martel 1$ 1101 a¢ifv• re1 tr8nBodlon8 olkn agset M Ihlr own Arn Mt a ODod a$Umats)ffwY the Irva)JO 55 8s1im&tad by a Vort te¢hnlque. p$ 20
Hazral Bahu Trult Not08 to th• Flnanclal Stt•mon18 for th• Yoar Ended 31 Mah 2024 2 Inwrn¢froM doMUon• aTrd l9oicl•¢ funJ• 1)oMAI Totsl 2024 Ttstsi Otn& And bJar4eb'. 04n¥lon8 io rnaJorappEHL% (¥ft rÈdttlmed Gr8nts. ClUdIn0 Ixp1talgrants'. 2,314.OB7 146.422 2,314.Q87 14e,4aZ 2.016.883 140.645 526 250,600 Grarntsfnjrn Man900rnÈnl ServkeB 250.800 122,711 218,317 59.OQO 2.834 548 2,434 B4S ilhr•BM¢ts¢S funds Toi41 21124 Tot41 2021 G•n•ral Pmpony rani81 Inci OihBrlrtomèfrom otF*rtrathngathhhs 260.861 138.567 26D.961 136.5fj7 293.449 B5,586 397.428 347.428 35&.UlS 4 Exp&j on A} CDBt• ofg•n•rnllno and unrn¥trfd fua)d• General Total 24 2023 tkJrthon$ 15.469 15,489 Pagg 21
Hazrat Suan Bahu Trust Nol•8 to the Fln#neial Statsmgnts forthe YeAr End•d 31 March 2024 Exp•ndttur4 ort¢h•YWtsh4cllvltt A¢ll¥ d•rt4k•n dlrKtIy TotBI IQ24 Total 2¢23 F1 &WDi4hlp 2,315.7SB 490.986 Z.315.758 490,96 2.21Z.459 353,ZI5 2 806,744 2.605,874 £2,315.75012023. È2.212ASg1 olthp w8g attfibu1abtOI0lr1sththd fundg £490,98812023- £393.215110 In ad0 to Ih Th11tr¥ above. ihefe are Blso &wern¢• ¢0& of£160,108 P023.' £122.8601 %thk riÈ dliért to CharfiabaCtiVKl¢ S•tr noto814rfurthwd•tsls. 6 ofqovvm•w W¥typportt¢WS Unt••trkt•d runds G•ThÈrBI Toial 2024 Ttrtll 2023 Audll fees Audmolthe IrFan&FJ 5wemerd 7IOD 133.563 18.245 7,UOO t33,563 1J.248 8,OOD 112,960 3.900 olhwoovernare co4lB 159.806 159,008 122.860 7 GMht411AklTh Anatylh tsféntslo IMlilutlon• 2D24 2123 W9m¢ R6¥hlDg Peo0 In4egd 439.750 317,255 11,340 328,595 The 5UWOrtrc4tBassryJOte&wkh granIatre £NII131 2023- FNII. Pap 22
Hazrnt Sultan Bahu TruBt Noty8 to the Flnan¢lal 8tstgment# for th¢ Year endad 31 March 2024 8 N•t Incon01&UoI NotirKoming YVur¢8G ihe ye8r1e.. 2024 2ts23 ALlllf8è5 thpred1lknn0ffr a5$Bts 7.800 276.5 27S257 Tho agorwie PByrdlCoat&werea51D. 2024 2023 durlTrll Iho yWVrnTQ". W404$ and $alaM¢s Sothi3e¢udtycoAlg PonOn cojl 963.256 42,4 8.695 B82,544 41.728 7.67d 1 Q1Z.351 931.944 The monlhw alle wmber OfpE Iindudkng 3enknrmpnagBrnent I> omploy4d ty the chthly thè bar gxyèwd 20Z4 No 2023 No Admln & FlnHncg Taach•rs 16 16 14 90 91 No *noknmwtsofmtyBthan £80.OOQ dwlwthe yBar 2D24 2023 e.000 P•08 23
Hazrat Sultan Bahu Yru8t Nots8 to tha Flrlanclal Stat•m•nts for the YMr Ended JI Mar¢h 2014 12 tharliy15 a iefvradchayly and thexlfr0rn I0¥0n. 1) fn•tyl•lLt•d au4ti Land and buifdl Furntture and •4pMAt Cosl At l AyA2W23 Add0% 11.18Z.87D 492,044 5T5 14.000 12,488.Y23 575 A131 Mareh 2024 11 gB2.679 492 619 14,WO 12.488 298 D•precWI( At 1 Apid2Q23 Chaip forlhey2tsr 3,666,104 241771 234,661 32,294 2.800 2.800 3.803.565 278.865 At 31 Mar( 2024 3 807.875 266,955 5.$00 4.080,430 N•t valuè At31 2014 8.174.804 225.6 8.400 AISI March 2023 8 416 575 e86 158 14 Fh•d a•••tlnv•¥lThnts 2024 2023 18S2 826 1.852 826 hw••kn•ht prop•rtl8ts Inveotm•nL pwoprt CoatOTValuatloR A¢ 1 Aprf12023 1 852È2 Provlts A131 MaKh 2024 N•il)DDkvaluq Aljl 2024 1.852.826 AI 31 MBr¢h 2023 1.862.826 Pao& 24
Hazrat Sultan Bahu Not88 to the Flnanclal Statwngnts for tho Year Endod 31 Mah 2024 11 D•btorn 2024 201? 304.812 146.422 148202 140 823 351,234 288 825 16 ¢ih 2024 C•Èhon hand C4¥h Bt bakk 1.573 fj20.971 4.t73 379.825 622.544 17 Cr•dltOrn.' 4mouMB14Wng du•wlthlTr on•yo•v 2024 2023 Bgrd¢l)onB Fin¥nc9 Lo Othèrlaxallcn end Othercredltors 271,845 9.997 45.UOO 2.244.447 7.D42 B.400 240.828 51,80S 22,252 2.379,045 OefenEd IncomA 2,717,843 Cndh(rt 0[Year1cludBI lhel1rQ lblUeS. $étUthy has gen by Ihtrthlty'. 2024 2023 Bank Loon 271.845 249.82 51.ts95 292.723 TB ¢r•dliow•: oThvuThts f•Alngdu•alt4roMwv 2ty24 2029 BNhk Flnance l•as•¥ oihoredrB 2.150.2D1 2,460,79 50.942 2,201 142 2 521 737 CrBdltot5 amourtj faNnG duè BftBr moro thgn yDar tho fdk*•iwy lblI. on 98¢ydty hu5 bBen giwen Page 25
Hazral Sultan 83hu Tru¥t Noto8 to th• Financlal 8tstwnont8 for the Yoar Ended 31 March 2024 2424 2f123 Bank LoAn Fln8n¢e LellJe 2,150.20% 2.46D,798 9.997 2 150.201 2.4TO.795 Bank k>ang 8nd ¥¥ 9gcuied by a prknrfiy gll1 chargè ufan •nd InveAthwl Propfjty by ¢hoFhty. 11¢& ynderfinsncg th5e agTB&nBnts4re 5BCUmd on Ihg indlvidual assetsconcemed. Inco 8our¢ Lrynce at31 M&r¢h 2Q24 •xpondAd Transf• £ IReBt4ted Unr•BtActsdfuThdD 5,905.827 3233,692 (2,331.24n 1490.9861 8.316,LI86 RMtrtct•d Iuhth iotsl tund s gos s27 3 233 U92 .822.2 e,316 986 BaknRG• at I Aptll 2V22 In¢omlng F¢8OUrl Rè&our¢¢i •nd•d Bal)nn af 31 Maickn 2023 Tm8l•rs ilnr•¥trl¢i•6fund• 5,751.371 2,793.88Q rd246,3691 (3WJ.2151 5,gOJ.627 Rel¢t¢dInd¥ 93.215 393215 TolAI lund• 751.371 2,639,604 5.905.827 Tha8pJcThBwyDSOBtrwhlBh IhefrJnds aFe to be aPpld849." Tho reAlrfcied fund$ tdAte 10 charify *Mk on E4utAtn P4klslon. Trnnsftrs are madg to Imxfèr a$$Qts P49•26
Hazrat Sultan Bhu TruBt Not•• tr• th• Flnan¢l¥l Statements forthe Y•ar end¢d 31 March 2024 Unr&$t¢ lund8 G•n&MI TotsllUdi 2124 8.408.868 1,852.8Z6 073.77B 12,717J431 8,40B,868 l.a52,B2U 973.Tl8 P.7t7.3431 Fd a5Eellnv951mei Cury¥nt llG$aL c[ed ov£r l y TDthI nel aG8at6 .316.gB6 fj.316,986 UtsrwtyiGt•d fund8 G•hqral Totsitund 2023 Tanolble assets FW a$$8t eurrent EaBets ¢wYent Ibbllll CredKtysovw l yeBr 8,885,158 1.852.826 872.823 12,7B3.4431 .521.73 8.6E5.fS8 1,852,B26 672,823 (2.783.443) 2 521,737 5 905 827 S WS.827 21 Amlpli oln&ifvnd4 Flnanelhg ¢*sh At 14fyprfl 2023 At 31 hl4v¢h 2fr24 Cash &1 bank Bnd In 383,998 23a,54a 622,N4 NEt de 383.998 238.548 622,S44 FlnrtnelTh4 ¢aBh At l Aprfl 2022 Al 31 Ilawth 2023 Cash at bBnk ond In h8r 383,9Q8 debt 129.178 383 998
Hazral sultan Bahu Trust Nots8 to the Flnanchl 8tat•m0nts forthg Yoar End•d 31 MAr¢h 2024 22 FInD¢la1 1TrstruNn 1024 2D23 HsEets Moosur 01 throuoh prolftorb98 esSfjt81hal dfjbt Yt CWI 822,544 3S1.234 383.998 288,825 973,778 4,918,486 S72.823 5.305.180 IJ Rolat•d eTrd ¢ommunNyCoW• Suman F HassaTr and sult Maz d Hoq5wKtrusteeBofHSBT 81sotru60s ofwwd End cLsntmUtyC0l*e. a regred artty INo.11207591. . CharllabbthaWJn £NY12023.' £NII 8ulL3n F%8z ul 8j Nbz Ll HassaN, tILWtees ol HSBT are 1ruBle of SLltan 8th Comrn, a rou18t8Ywi Ch•rily IND.1137312}. Rèntsi IncOmBE12,000 (2023". £12.fY)O) MBnAg&menl GhBflle5É12,OM (2023.. £12,000) Pw28