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REGISTERED COMPANY NUMBER: 08615705 (England and Wales)
REGISTERED CHARITY NUMBER: 1156537














Report of the Trustees and

Financial Statements for the Year Ended 31 July 2024

for

LIA RELIEF TRUST

LIA RELIEF TRUST

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Report of the Trustees 1 to 6

Report of the Independent Auditors 7 to 10

Statement of Financial Activities 11

Balance Sheet 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15 to 22

LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 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 July 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Vision
LIA relief trust is a global charity working to transform the lives of people not only from our local community in the UK, but also from the poorest communities around the world. As a charity informed by broad Islamic values, we believe that all people are treasures through whom we can inspire a new, brighter future for all our communities and our wider world.

The charities objectives are:

Financial
To relieve financial hardship, distress and suffering among poor people, victims of natural and man-made disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facilities, including the establishment of food banks for the benefit of those in need.

Educational
To advance education for the benefit of the poor, the underprivileged and the public by means of, but not exclusively, the provision or the assistance in the provision of educational equipment and activities, and the provision of training and resources to schoolteachers in order to enhance their quality of teaching.

Health
To relieve sickness and to preserve good health among the poor, underprivileged and people in need by means of, but not exclusively, the provision or assistance in the provision of health education and the assistance in the research of treatments of diseases for the benefit of those in need.

Religious
To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, assistance in the provision of facilities for worship and Islamic education, in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad (PBUH).


LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2024


OBJECTIVES AND ACTIVITIES
Significant activities
The charity continues to receive high and effective levels of support and donations from the public as shown by the significant influx of donations received. The charity provides relief and executes development aid in disaster and conflict hit areas of the world, resulting in greater provision of emergency aid to the aggrieved people of the afflicted areas. The gross income this year was a total of £3.9 mil, compared to £2.8 mil last financial year (July 2023).

The charity continues to focus on various projects and aid programmes working alongside many renowned charities over the past year supporting not just causes locally but on a global level as follows

CountryProjects/ServicesDetails
Syria (Safe Zones)ConstructionConcrete shelters for the displaced
Mosques for new communities

LIA residential village for Internally Displaced People
(IDP's) - underway


Medical/Health
Psychotherapy clinic for children affected by war and
suffering from trauma

Physiotherapy clinic for children and adults injured
during the conflict
SponsorshipsOrphan sponsorships
Educational sponsorships for children to attend school
Sponsoring students to memorise the Qur'an
Food AidDistribution of food packs to IDPs
Food assistance in Ramadan

Lebanon (Syrian Refugees)Food AidFood packs for Syrian refugees
Food bank provisions

YemenMedicalSponsorship of a malnourishment treatment clinic
Food AidFood pack distributions
Bread factory sponsorship
Freshly prepared hot meals for IDPs
SponsorshipsOrphan sponsorships

Palestine / GazaMedicalMedicine supplies to hospitals
Health/SanitationProviding water de-salinisation units
Food AidFood pack distributions
Freshly prepared hot meals
Provisions for iftar in Ramadan


Winter Aid
Winter packs containing fuel, blankets, heaters etc.
distributed to the needy


Income Generation
Livelihood project - planting olive trees to aid
breadwinners earn a living for their families
SponsorshipsOrphan sponsorships

MalawiFood AidFood pack distributions
Provisions for iftar in Ramadan
Income GenerationProviding a poor family with Goats to earn a livelihood

-Goat milk can be utilised, and surplus milk can be sold
to generate an income

-Families are taught how to look after the animals to
ensure successful reproduction

-Families will have long-term financial security through
the reproduction of the goats

Bangladesh (Locals)EducationSupport for schools and madrasahs

LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2024


OBJECTIVES AND ACTIVITIES

Madrasah construction, providing literacy provisions to
children

Support Imams and students in the madrasahs built by
the charity
Orphan Sponsorships
Food AidFood pack distributions
Support poor imams and scholars
Freshly prepared hot meals
Financial AssistanceProviding cash distribution to flood victims
Income GenerationBoats for life project

-Provide a family with a Boat, Net, Life Jackets and
Training

Bangladesh (Rohingya
Refugee)

Education

Supporting schools and madrasahs

Madrasah construction, providing literacy provisions to
children

Supporting Imams and students in the madrasahs built
by the Charity
Food AidFood pack distributions
Freshly prepared hot meals
Water AidWater wells to provide access to clean drinking water

IndiaConstructionBuilding education centres for remote communities
EducationOrphan Sponsorships
MedicalProviding medicinal supplies to hospitals

Supplying hospitals with medical equipment,
ventilators etc.
Food AidFood pack distributions
Freshly prepared hot meals
Provisions for iftar in Ramadan

Food packs to the vulnerable and elderly for COVID
related difficulties


Water Aid
Water wells to provide access to clean drinking water
in Assam
Income GenerationSewing classes to empower women from poor families
Providing rickshaws for males from poor families

Goat milk can be utilised, and surplus milk can be sold
to generate an income

PakistanFood AidFood assistance in Ramadan
Water AidWater wells to provide access to clean drinking water


Winter
Winter packs containing fuel, blankets, heaters etc
distributed to the needy


United Kingdom

Food/Shelter
Helping the homeless through temporary
accommodation, clothing, and food


Morroco

Food Aid/Winter
Helping the earthquake victims with temporary
accomodation and food

AfghanistanFood AidFood Pack Distribution



LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2024


FINANCIAL REVIEW
Financial position
During the year the charity raised £3,940,968 (2023: £2,909,705) in direct donations from the general public to carry out the programmes mentioned above. During the year £2,449,941 (2023: £2,707,413) was expended on aid programmes.

The charity continues to work closely with a number of partner organisations in providing aid to those in need and, majority of the above expenditure was spent with these partner organisations.

As shown on page 11, £3,330,290 (2023: £2,244,581) were restricted funds raised for specific projects.

A percentage was raised with no restrictions and has been used for the administrative purpose of the charity. The income tax recoverable from Gift Aid, continues to provide the charity with sufficient funds to execute its charitable objectives.

Reserves policy
We aim to utilise the funds as is received within a year of obtaining them. Reserves are held for long-term projects and responding to emergencies and catastrophes.

At 31 July 2024, a large proportion of the reserves were earmarked for ongoing long-term projects and it should be noted that the projects now being delivered by the charity are for a longer term period, such as the orphan and education projects, constructions, water facilitation etc. which require reserves to be held over a longer period.

The unrestricted funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year. At the end of each financial year the trustees critically appraise this level and transfer any excess to where it is most needed in terms of aid.

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.

Recruitment and appointment of new trustees
Currently, we are not actively looking to appoint any new trustees.

We currently have a full board of trustees, and our focus is on ensuring that the existing team continues to work effectively together to support the charity's goals and long-term strategy.

We are fortunate to have a group of dedicated trustees who bring a diverse range of expertise and skills, and we are committed to ensuring that their roles and responsibilities are fully engaged with our charity's ongoing needs.

That said, our trustee recruitment process is carefully considered and occurs when there is a gap or a specific skill set needed on the board, in line with the charity's evolving strategy.

Organisational structure
The board of Trustees of the charity are responsible for the charity's strategic direction. The board of Trustees meet on a termly basis to discuss the activities of the charity.

The board of trustees is supported through the aid of volunteers who manage the daily running of the charity.

Related parties
The Charity has the following linked charities by virtue of common trustees:

Leicester Islamic Academy (Charity No. 702652)

The Leicester Islamic Academy Trust (Charity No. 1143373 / Company No. 7595563)


LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08615705 (England and Wales)

Registered Charity number
1156537

Registered office
320 London Road
Leicester
LE2 2PJ

Trustees
A Patas
A Patel
A Mahomed
M Suleman
M H Mukadam
M A Makadam
H Suleman
I Desai

Auditors
SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of LIA Relief Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those 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 judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Report of the Trustees
FOR THE YEAR ENDED 31 JULY 2024


AUDITORS
The auditors, SKM Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 29 April 2025 and signed on its behalf by:





M A Makadam - Trustee

Report of the Independent Auditors to the Members of
LIA Relief Trust


Opinion
We have audited the financial statements of LIA Relief Trust (the 'charitable company') for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 July 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 17 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
LIA Relief Trust


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
LIA Relief Trust


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of the charities sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity including Companies Act 2006 and Charities Commissions, data protection and anti-bribery;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting correspondence where relevant; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

This description forms part of our auditor's report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

Report of the Independent Auditors to the Members of
LIA Relief Trust

- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Independent Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Independent Auditors. However, future events or conditions may cause the charitable company's to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Shamim Mahomed (Senior Statutory Auditor)
for and on behalf of SKM Chartered Accountants
Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU

29 April 2025

LIA RELIEF TRUST

Statement of Financial Activities
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 610,678 3,330,290 3,940,968 2,909,705

Other income - - - 5,000
Total 610,678 3,330,290 3,940,968 2,914,705

EXPENDITURE ON
Raising funds 3 12,290 101,875 114,165 50,048

Charitable activities 4
Donations 211,722 2,238,219 2,449,941 2,707,413

Other 2,989 - 2,989 1,455
Total 227,001 2,340,094 2,567,095 2,758,916

NET INCOME 383,677 990,196 1,373,873 155,789


RECONCILIATION OF FUNDS
Total funds brought forward 806,249 1,220,367 2,026,616 1,870,827

TOTAL FUNDS CARRIED FORWARD 1,189,926 2,210,563 3,400,489 2,026,616

LIA RELIEF TRUST (REGISTERED NUMBER: 08615705)

Balance Sheet
31 JULY 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 6,067 - 6,067 2,955

CURRENT ASSETS
Debtors 12 13,257 - 13,257 86,210
Investments 13 - - - 349,949
Cash at bank 1,178,350 2,210,563 3,388,913 1,597,387
1,191,607 2,210,563 3,402,170 2,033,546

CREDITORS
Amounts falling due within one year 14 (7,748 ) - (7,748 ) (9,885 )

NET CURRENT ASSETS 1,183,859 2,210,563 3,394,422 2,023,661

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,189,926

2,210,563

3,400,489

2,026,616

NET ASSETS 1,189,926 2,210,563 3,400,489 2,026,616
FUNDS 15
Unrestricted funds 1,189,926 806,249
Restricted funds 2,210,563 1,220,367
TOTAL FUNDS 3,400,489 2,026,616

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 29 April 2025 and were signed on its behalf by:





H Suleman - Trustee

LIA RELIEF TRUST

Cash Flow Statement
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 1,447,678 82,227
Tax paid - 2,688
Net cash provided by operating activities 1,447,678 84,915

Cash flows from investing activities
Purchase of tangible fixed assets (6,101 ) (2,824 )
Current Asset Investment 349,949 (249,949 )
Net cash provided by/(used in) investing activities 343,848 (252,773 )

Change in cash and cash equivalents in
the reporting period

1,791,526

(167,858

)
Cash and cash equivalents at the
beginning of the reporting period

1,597,387

1,765,245
Cash and cash equivalents at the end of
the reporting period

3,388,913

1,597,387

LIA RELIEF TRUST

Notes to the Cash Flow Statement
FOR THE YEAR ENDED 31 JULY 2024


1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

1,373,873

155,789
Adjustments for:
Depreciation charges 2,989 1,455
Decrease/(increase) in debtors 72,953 (78,831 )
(Decrease)/increase in creditors (2,137 ) 3,814
Net cash provided by operations 1,447,678 82,227


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/8/23 Cash flow At 31/7/24
£    £    £   
Net cash
Cash at bank 1,597,387 1,791,526 3,388,913
1,597,387 1,791,526 3,388,913

Liquid resources
Deposits included in cash - - -
Current asset investments 349,949 (349,949 ) -
349,949 (349,949 ) -
Total 1,947,336 1,441,577 3,388,913

LIA RELIEF TRUST

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 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.

The Charity meets the definition of a public entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The functional currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Charity operates. The financial statements are also presented in pounds sterling, The amounts in the financial statements are presented to the nearest £1, unless otherwise stated.

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical
accounting estimates. It also requires management to exercise judgement in applying the charity's accounting policies. There are no significant areas requiring material judgements, estimates or assumptions.

Going Concern
The Trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Financial Review.

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.

Donations and legacies: This comprises all incoming resources from donations collected directly or by volunteers and income from fundraising events during the year. Gift Aid tax recoverable under the Gift Aid Scheme is recognised where there is an entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Where a claim for repayment of income tax has been or will be made, such income is included in the debtors’ amount if still not received by the year end.

Investment income: This comprises income generated by cash on deposits held by the charity. Profit on funds held on deposit is included in the SOFA when receivable and the amount can be measured reliably; this is normally upon notification of the profit paid or payable by the bank.

The value of services provided by volunteers is difficult to put a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102).

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.

Expenditure is classified under the following activity headings:

Charitable activities: Costs associated with the provision of emergency relief, development and longer term rehabilitation programmes as elaborated on in the Trustees’ Report. These include both direct charitable

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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


1. ACCOUNTING POLICIES - continued

Expenditure
expenditure, grants payable and support costs relating to these activities. Grants payable to other organisations for relief projects are included in the SOFA when approved by the trustees and agreed with the other organisation.

Support costs: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs for a single activity are allocated to the particular activity where the cost relates directly to that activity. However, Support costs that represent the support functions of management, finance, human resources, IT and support departments attributable to the management of the Charity's assets, are allocated in proportion to the type of charitable activity during the period. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 6.

Governance costs: These are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. Governance support costs are allocated on the basis of support activities provided on clearly interpreted governance matters.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Office Equipment - 33% RB
Computer Equipment - 33% RB

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 3,511,478 2,597,265
Gift aid 429,490 312,440
3,940,968 2,909,705

3. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Advertising 14,518 12,845
Fundraising Events 48,001 25,398
Bank Charges - 11,805
Deployment Costs 51,646 -
114,165 50,048

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
£    £    £    £   
Donations 197,803 2,233,550 18,588 2,449,941

5. GRANTS PAYABLE
2024 2023
£    £   
Donations 2,233,550 2,537,601

Total grants payable to institutions for various relief and support programmes was £2,233,550.


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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


6. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Donations 2,804 15,784 18,588

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Auditors' remuneration 3,300 3,300
Accountancy 9,162 4,399
Depreciation - owned assets 2,989 1,455
Other operating leases 25,343 14,775

8. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 141,029 86,784
Social security costs 2,775 -
Other pension costs 1,365 937
145,169 87,721

The average monthly number of employees during the year was as follows:

2024 2023
Administrative Staff 7 6

No employees received emoluments in excess of £60,000.


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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 665,124 2,244,581 2,909,705

Other income 5,000 - 5,000
Total 670,124 2,244,581 2,914,705

EXPENDITURE ON
Raising funds 50,048 - 50,048

Charitable activities
Donations 169,812 2,537,601 2,707,413

Other 1,455 - 1,455
Total 221,315 2,537,601 2,758,916

NET INCOME/(EXPENDITURE) 448,809 (293,020 ) 155,789


RECONCILIATION OF FUNDS
Total funds brought forward 357,440 1,513,387 1,870,827

TOTAL FUNDS CARRIED FORWARD 806,249 1,220,367 2,026,616

11. TANGIBLE FIXED ASSETS
Computer Office
Equipment Equipment Totals
£    £    £   
COST
At 1 August 2023 2,424 3,071 5,495
Additions 3,714 2,387 6,101
At 31 July 2024 6,138 5,458 11,596
DEPRECIATION
At 1 August 2023 800 1,740 2,540
Charge for year 1,762 1,227 2,989
At 31 July 2024 2,562 2,967 5,529
NET BOOK VALUE
At 31 July 2024 3,576 2,491 6,067
At 31 July 2023 1,624 1,331 2,955

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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,257 86,210

13. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments - 349,949

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 1
Social security and other taxes 1,556 2,700
Other creditors 505 627
Accruals and deferred income 5,686 5,280
Accrued expenses - 1,277
7,748 9,885

15. MOVEMENT IN FUNDS
Net
movement At
At 1/8/23 in funds 31/7/24
£    £    £   
Unrestricted funds
General fund 806,249 383,677 1,189,926

Restricted funds
Restricted Funds 1,220,367 990,196 2,210,563

TOTAL FUNDS 2,026,616 1,373,873 3,400,489

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 610,678 (227,001 ) 383,677

Restricted funds
Restricted Funds 3,330,290 (2,340,094 ) 990,196

TOTAL FUNDS 3,940,968 (2,567,095 ) 1,373,873


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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/8/22 in funds 31/7/23
£    £    £   
Unrestricted funds
General fund 357,440 448,809 806,249

Restricted funds
Restricted Funds 1,513,387 (293,020 ) 1,220,367

TOTAL FUNDS 1,870,827 155,789 2,026,616

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 670,124 (221,315 ) 448,809

Restricted funds
Restricted Funds 2,244,581 (2,537,601 ) (293,020 )

TOTAL FUNDS 2,914,705 (2,758,916 ) 155,789

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

Net
movement At
At 1/8/22 in funds 31/7/24
£    £    £   
Unrestricted funds
General fund 357,440 832,486 1,189,926

Restricted funds
Restricted Funds 1,513,387 697,176 2,210,563

TOTAL FUNDS 1,870,827 1,529,662 3,400,489

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Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


15. 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 1,280,802 (448,316 ) 832,486

Restricted funds
Restricted Funds 5,574,871 (4,877,695 ) 697,176

TOTAL FUNDS 6,855,673 (5,326,011 ) 1,529,662

16. RELATED PARTY DISCLOSURES

The Charity has the following linked charities by virtue of common trustees:

Leicester Islamic Academy (Charity No. 702652)

The Leicester Islamic Academy Trust (Charity No. 1143373 / Company No. 7595563)

17. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.