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REGISTERED COMPANY NUMBER: 04399382 (England and Wales)
REGISTERED CHARITY NUMBER: 1092220














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sheikh Abdullah Foundation

Sheikh Abdullah Foundation






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 10

Sheikh Abdullah Foundation (Registered number: 04399382)

Report of the Trustees
for the Year Ended 31 March 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 year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ' Accounting and Reporting by Charities' issued in March 2015.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objects of the charity are to promote any charitable purpose including the advancement of education, relief of poverty, advancement of religion and protection of health.

Public benefit
The trustees have complied with the duty in the section 4 of the 2011 Charities Act to have due regard to guidance published by the Charities Commission regarding public benefit. The details of the public benefit are set out under Objectives above. Specifically, as reported under Charitable Activities, the charity has continued to use its available resources to provide grants to worthy charities.

Volunteers
The charity is operated by the Trustees alone, who offer their services without charge. At present the charity has no need for further volunteers.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the Charity received gifts and donations of £15,500 and £18,250 was applied to grants and donations to other charities and worthy causes in line with the Charity's objects.

FINANCIAL REVIEW
Reserves policy
The charity makes grants and donations according to the funds held in reserve. The overheads of the charity are currently minimal, which has enabled the charity to distribute most of the funds held. The reserves held at the financial year end total £4,362 which is considered adequate by the Trustees for the immediate requirements of the Charity. It is the policy of the trustees to ensure that donations paid are restricted to available resource after taking account of any liabilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is controlled by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees
The power of the trustees to appoint new trustees is contained within the Articles of Association. The Trustees will use their best endeavours to recruit suitably qualified Trustees and, if considered necessary, arrange for training to ensure that their contribution will be effective and benefit the charity.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04399382 (England and Wales)

Registered Charity number
1092220

Registered office
28 Queen Elizabeth Drive
Southgate
London
N14 6RD

Sheikh Abdullah Foundation (Registered number: 04399382)

Report of the Trustees
for the Year Ended 31 March 2024

Trustees
Lady S Sheikh
Miss Z I Sheikh

Company Secretary
Lady S Sheikh

Independent Examiner
Z Saleem FCCA, ACA, MBA
Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Approved by order of the board of trustees on 11 October 2024 and signed on its behalf by:





Lady S Sheikh - Secretary

Independent Examiner's Report to the Trustees of
Sheikh Abdullah Foundation

Independent examiner's report to the trustees of Sheikh Abdullah Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.








Z Saleem FCCA, ACA, MBA

Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Date: .............................................

Sheikh Abdullah Foundation

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 15,500 4,460

Investment income 2 123 74
Total 15,623 4,534

EXPENDITURE ON
Charitable activities
Other Charities 19,306 6,000

Other 249 1,086
Total 19,555 7,086

NET INCOME/(EXPENDITURE) (3,932 ) (2,552 )


RECONCILIATION OF FUNDS
Total funds brought forward 8,294 10,846

TOTAL FUNDS CARRIED FORWARD 4,362 8,294

Sheikh Abdullah Foundation (Registered number: 04399382)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 5,418 9,350

CREDITORS
Amounts falling due within one year 5 (1,056 ) (1,056 )

NET CURRENT ASSETS 4,362 8,294

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,362

8,294

NET ASSETS 4,362 8,294
FUNDS 6
Unrestricted funds 4,362 8,294
TOTAL FUNDS 4,362 8,294

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(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.


Sheikh Abdullah Foundation (Registered number: 04399382)

Balance Sheet - continued
31 March 2024

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 11 October 2024 and were signed on its behalf by:





S Sheikh - Trustee

Sheikh Abdullah Foundation

Notes to the Financial Statements
for the Year Ended 31 March 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. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Deposit account interest 123 74


Sheikh Abdullah Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


4. DONATIONS PAYABLE


31.03.24 31.03.23
£ £

Orphans in Need 7,000 -
Southgate Mosque 7,000 1,000
Motivate a Million - 750
Rowans Hospice 500 -
India Associates - 1,000
Islam and Liberty Network - -
Al-Khair Foundation 1,000 2,500
Other institution's 2,750 750
18,250 6,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Accruals and deferred income 1,056 1,056

6. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 8,294 (3,932 ) 4,362

TOTAL FUNDS 8,294 (3,932 ) 4,362

Sheikh Abdullah Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 15,623 (19,555 ) (3,932 )

TOTAL FUNDS 15,623 (19,555 ) (3,932 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 10,846 (2,552 ) 8,294

TOTAL FUNDS 10,846 (2,552 ) 8,294

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,534 (7,086 ) (2,552 )

TOTAL FUNDS 4,534 (7,086 ) (2,552 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 10,846 (6,484 ) 4,362

TOTAL FUNDS 10,846 (6,484 ) 4,362

Sheikh Abdullah Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 20,157 (26,641 ) (6,484 )

TOTAL FUNDS 20,157 (26,641 ) (6,484 )

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.