REGISTERED COMPANY NUMBER: 08006947 (England and Wales)

REGISTERED CHARITY NUMBER: 1146597

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Nectar Trust

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

15

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 2025. 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).

Nectar Trust (Nectar Trust) is passionately committed to supporting and empowering disadvantaged people in the UK and Continental Europe. We work to forge partnerships with respected national, regional and local organisations with the aim of bringing communities together in the areas of Economic Empowerment, Educational Empowerment and Humanitarian Response. Going into our twelfth year of operation we are pleased to provide this narrative to showcase our work this past year.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are:

- the relief of poverty for the public benefit,

- the relief of need of people,

- the relief and assistance to people in all parts of the world who are the victims of war or natural disasters, troubles or catastrophes, and

- charitable purposes for the public benefit according to the laws of England and Wales.

Aims

Nectar Trust (Nectar Trust) aims to work in the UK and will target the most disadvantaged in society. Depending on resources, Nectar Trust will also support work that meets its strategic objectives in less developed countries. The aims include the following;

- Support the social and economic advancement of the most disadvantaged groups in the UK, and help strengthen community cohesion in such countries.

- Work in partnership with Qatar Charity and other humanitarian organizations to support humanitarian work.

Vision

Nectar Trust will be a trusted charitable partner for Gulf investors in the UK.

Mission

Nectar Trust will assist and empower individuals and organisations of the most needy in society to improve their social and economic conditions through educational, cultural, economic and humanitarian programmes

Strategic Objectives

The following objectives will contribute to Nectar Trust's overall aim of enhancing community cohesion through supporting disadvantaged people. The charity will focus on:

1. Community Relations - Encouraging participation in civic engagement.

2. Economic and Educational Empowerment - Supporting people to fulfil their potential through education.

3. Cultural Engagement - Promoting involvement in the arts and culture

4. Humanitarian Response - Responding as appropriate to development and humanitarian needs of people in the UK, but also in less-developed countries.

Our Values

Empowerment - We work for the empowerment of individuals and communities and support people to enable positive change.

Inclusiveness - We are open to everyone and embrace diversity. We believe everyone has a contribution to make, regardless of their background.

Sustainability - We are focused on making a sustainable and meaningful impact to society through our diverse range of innovative programmes.

Innovation - Innovation is at the heart of what we do and what drives us forward as an organisation.

Partnership - We forge strong partnerships with respected national, regional and local organisations that enable us to maximise the impact of our work and grow as an organisation.

Excellence - Maintaining the quality and consistency of our work is our highest priority. We are committed to delivering and demonstrating excellence and quality in everything we do.

Significant activities

As of the date of this report, the Trustees are now transitioning the organisation to work on more limited, but targeted, interventions that do not involve large capital schemes. Nectar Trust will seek to support small innovative people-focused activities. Such work will be in partnership on at least a 50-50 basis of funding commitment, with young people being the main target.

Public benefit

As a charity, Nectar Trust must be able to demonstrate that its objects and activities are for the public benefit as required by the Charities Act 2011. The Trustees have all reviewed the guidance issued by the Charity Commission on public benefit and have ensured that Nectar Trust and its objects and activities comply with this statutory requirement. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

This Report explains our main activities and achievements in carrying out our aims.

FINANCIAL REVIEW

Financial position

The company received donations and other income worth £2,562 (2024: £2,453), none of which was restricted. At the end of the financial year 2025, Nectar Trust had a positive bank balance of £142,925 (2024: £366,744).

Support costs have been allocated between charitable activities and fundraising.

As at balance sheet date, restricted funds carried forward were £85,554 (2024: £271,110) and unrestricted funds were £53,571 (2024: £91,464).

Reserves policy

It is the policy of Nectar Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level which will ensure that, in th event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. It is also Nectar Trust's policy to hold sufficient funds, currently at £40,000 for administrative purposes.

The trustees are working towards achieving this figure.

Going concern

Having substantially fulfilled the strategic aim, which was to meet the obligations of established project commitments, Nectar Trust aimed to continue to reassess its strategic priorities. However, as of March 2020, the world suffered the global Covid-19 pandemic, which impact our ability to raise funds and generate new projects proposals. The Trustees have met regularly to take stock of the situation, and have recently decided to start focusing on small, non-capital, grant schemes, that will target individuals and small groups falling within the overall objectives of the charity. While this is intended to be the plan of action over the coming years, the Trustees will keep an ongoing review to assess the effectiveness of the approach.

The trustees consider the charity as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is controlled by its governing document, memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The charitable company was formed on the 27 March 2012 and received from the Charity Commission registration number 1146597. Nectar Trust is also a Company Limited by Guarantee and received from Companies House company number 08006947.

Decision making

The Board of Trustees are supported by a Secretariat. The role of this Secretariat is to raise funds and implement the strategies as directed by the trustees.

The administration of the Secretariat is subject always to the approval of the Board of Trustees who accordingly remain ultimately responsible for the manner in which Nectar Trust and its activities are administered.

Induction and training of new trustees

In accordance with the trust deed and current standing orders, only the Board of Trustees has the power to appoint and discharge Trustees and appoint office bearers.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08006947 (England and Wales)

Registered Charity number

1146597

Registered office

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

Trustees

Yousuf Ahmed Hassan Al-Hammadi

Saleh Mohd Al-Marri

Mohammed Abdulrahman Dabwan Saif

Accountants

Prestons & Jacksons Partnership LLP

364 - 368 Cranbrook Road

Ilford

Essex

IG2 6HY

Solicitors

Lee Bolton Monier-Williams

1 The Sanctuary, Westminster,

London

SW1P 3JT

Bankers

Al Rayan Bank

Edgware Road

London

W1G 0PW

Approved by order of the board of trustees on 7 January 2026 and signed on its behalf by:

Y A H Al-Hammadi - Trustee

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

2,562

-

2,562

2,452

EXPENDITURE ON

Charitable activities

3

Charitable Activites

-

185,556

185,556

692,632

Office operations

1,654

-

1,654

1,439

Governance costs

38,801

-

38,801

17,900

Total

40,455

185,556

226,011

711,971

NET INCOME/(EXPENDITURE)

(37,893

)

(185,556

)

(223,449

)

(709,519

)

RECONCILIATION OF FUNDS

Total funds brought forward

91,464

271,110

362,574

1,072,093

TOTAL FUNDS CARRIED FORWARD

53,571

85,554

139,125

362,574

31.3.25

31.3.24

Notes

£

£

CURRENT ASSETS

Cash at bank

142,925

366,774

CREDITORS

Amounts falling due within one year

8

(3,800

)

(4,200

)

NET CURRENT ASSETS

139,125

362,574

TOTAL ASSETS LESS CURRENT LIABILITIES

139,125

362,574

NET ASSETS

139,125

362,574

FUNDS

10

Unrestricted funds

53,571

91,464

Restricted funds

85,554

271,110

TOTAL FUNDS

139,125

362,574

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 7 January 2026 and were signed on its behalf by:

Y A H Al-Hammadi - Trustee

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.

Foreign currencies

The charity's functional and presentation currency is pound sterling. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recognised in the SOFA.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic Financial instruments, include trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

Creditors

Creditors and provisions are recognised when the charity has present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Going Concern

The charity did not have any employees in 2025 and the charity operations are mainly to make donations to specific organisations.

There are no other going concern issues in the opinion of the trustees. The trustees are confident that they have sufficient resources for the operations of charity for the next 12 months.

It is therefore for these reasons, the accounts have therefore been prepared on a going concern basis.

2.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Profit from Bank Investment

2,562

2,452

3.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

(see note

Support

4)

costs

Totals

£

£

£

Charitable Activites

185,556

-

185,556

Office operations

-

1,654

1,654

Governance costs

-

38,801

38,801

185,556

40,455

226,011

4.	GRANTS PAYABLE

31.3.25

31.3.24

£

£

Charitable Activites

185,556

692,632

The total grants paid to institutions during the year was as follows:

31.3.25

31.3.24

£

£

Emman Trust Sheffield Project

-

492,632

British Muslim Heritage Centre

185,556

200,000

185,556

692,632

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2023

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2,452

-

2,452

EXPENDITURE ON

Charitable activities

Charitable Activites

-

692,632

692,632

Office operations

1,439

-

1,439

Governance costs

17,900

-

17,900

Total

19,339

692,632

711,971

NET INCOME/(EXPENDITURE)

(16,887

)

(692,632

)

(709,519

)

RECONCILIATION OF FUNDS

Total funds brought forward

108,351

963,742

1,072,093

TOTAL FUNDS CARRIED FORWARD

91,464

271,110

362,574

7.	KEY MANAGEMENT PERSONNEL

Key Management Personnel comprises of the Board of Trustees.

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Accrued expenses

3,800

4,200

9.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

£

£

£

£

Current assets

57,371

85,554

142,925

366,774

Current liabilities

(3,800

)

-

(3,800

)

(4,200

)

53,571

85,554

139,125

362,574

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

91,464

(37,893

)

53,571

Restricted funds

Syria Emergency

1,405

-

1,405

Sadqa

2,759

-

2,759

Iftaar UK

14,735

-

14,735

Rohingya Refugee

97

-

97

Multipurpose Centres in UK

212,698

(185,556

)

27,142

Haiti Human appeal project

39,416

-

39,416

271,110

(185,556

)

85,554

TOTAL FUNDS

362,574

(223,449

)

139,125

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,562

(40,455

)

(37,893

)

Restricted funds

Multipurpose Centres in UK

-

(185,556

)

(185,556

)

TOTAL FUNDS

2,562

(226,011

)

(223,449

)

Comparatives for movement in funds

Net

movement

At

At 1/4/23

in funds

31/3/24

£

£

£

Unrestricted funds

General fund

108,351

(16,887

)

91,464

Restricted funds

Syria Emergency

1,405

-

1,405

Sadqa

2,759

-

2,759

Iftaar UK

14,735

-

14,735

Rohingya Refugee

97

-

97

Multipurpose Centres in UK

905,330

(692,632

)

212,698

Haiti Human appeal project

39,416

-

39,416

963,742

(692,632

)

271,110

TOTAL FUNDS

1,072,093

(709,519

)

362,574

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,452

(19,339

)

(16,887

)

Restricted funds

Multipurpose Centres in UK

-

(692,632

)

(692,632

)

TOTAL FUNDS

2,452

(711,971

)

(709,519

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.