**Charity number: 1027642** ## **Quranic Arabic Foundation** **Report of the Trustees and Unaudited Financial Statements** **For the year ended 31 December 2023** ## **Quranic Arabic Foundation Contents Page For the year ended 31 December 2023** |**Report of the Trustees**|**1**| |---|---| |**Independent Examiner's Report to the Trustees**|**2**| |**Statement of Financial Activities**|**3**| |**Statement of Financial Position**|**4**| |**Notes to the Financial Statements**|**5 to 8**| |**Detailed Statement of Financial Activities**|**9**| ## **Quranic Arabic Foundation Report of the Trustees For the year ended 31 December 2023** The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2023. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019) ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The Trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |**Name of Charity**|Quranic Arabic Foundation| |---|---| |**Charity registration number**|1027642| |**Principal address**|552b Coventry Road| ||Small Heath| ||Birmingham| ||B10 OUN| ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ||Dr Abdul Hafeez| |---|---| ||Dr Ahmed Suliman Moosa| ||Dr Farhat Hafeez| ||Dr Muhammed Ibrahim Surty| ||Mr Asim Hafeez| ||Mr Haroon Rashid| ||Mr Masayood Khan| ||Mr Salim Mahmood Moolla| ||Mr Tariq Surty| ||Prof Aftab Ahmed Gharda| |**Independent examiners**|| ||Mibsons Limited| ||180 Birmingham Road| ||West Bromwich| ||West Midlands| ||B70 6QG| |Approved by the Board of Trustees and signed on|its behalf by| |…..................................................|31-Oct-24| |Mr Tariq Surty|| 1 of 9 ## **Quranic Arabic Foundation Independent Examiners Report to the Trustees For the year ended 31 December 2023** I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) ofthe Act. ## **Independent examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. …........................................................................ Amanah Accountants Ltd (Practising Member of ACCA) 56 Green Lane Small Heath Birmingham B9 5DB 31-Oct-24 2 of 9 ## **Quranic Arabic Foundation Statement of Financial Activities For the year ended 31 December 2023** |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
22229
2030
1736
**25995**
(28,747)
**(28,747)**
**(2,752)**
590,996
**588,244**|**2022**
**£**
54843
680
1264
**56787**
(28,194)
**(28,194)**
**28,593**
562403
**590,996**| |---|---|---| 3 of 9 ## **Quranic Arabic Foundation Statement of Financial Position As at 31 December 2023** |**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
Stocks
9
Debtors
10
Cash at bank and in hand
**Creditors: amounts falling due within one year**
11
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**2023**
**£**
346928
**346928**
22193
279
219144
**241616**
(300)
**241,316**
**588,244**
**588,244**
588,244
**588,244**|**2022**
**£**
354825
**354825**
23109
279
213533
**236921**
(750)
**236,171**
**590,996**
**590,996**
590,996
**590,996**| |---|---|---| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: …............................................................................ Mr Tariq Surty Trustee 31-Oct-24 4 of 9 ## **Quranic Arabic Foundation Notes to the Financial Statements For the year ended 31 December 2023** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011. Quranic Arabic Foundation meets the definition of a public benefit 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). ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
Gifts in kind
**3. Income from charitable activities**
**Unrestricted funds**
Educational activities
Books and material sales
**4. Investment income**
**Unrestricted funds**
Other investment income|**2023**
**£**
22229
-
**22229**
**2023**
**£**
2030
**2023**
**£**
1736
**1736**|**2022**
**£**
34236
20607
**54843**
**2022**
**£**
680
**2022**
**£**
1264
**1264**| |---|---|---| 5 of 9 ## **Quranic Arabic Foundation Notes to the Financial Statements Continued For the year ended 31 December 2023** ## **5. Costs of charitable activities by fund type** |**Unrestricted funds**
Educational activities
Support costs
**6. Analysis of support costs**
**Educational activities**
Admin & Management
Governance costs
**7. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Accountancy fees|**2023**
**£**
28747
**28747**
**2023**
**£**
28,447
300
**28747**
**2023**
**£**
7897
300|**2022**
**£**
150
28044
**28194**
**2022**
**£**
27294
750
**28044**
**2022**
**£**
7921
750| |---|---|---| 6 of 9 ## **Quranic Arabic Foundation Notes to the Financial Statements Continued For the year ended 31 December 2023** ## **8. Tangible fixed assets** |**Land and**
**Cost or valuation**
**Buildings**
**£**
At 01 January 2023
392458
At 31 December 2023
**392458**
**Depreciation**
At 01 January 2023
37777
Charge for year
7849
At 31 December 2023
**45626**
**Net book values**
At 31 December 2023
**346832**
At 31 December 2022
**354681**
**9. Stocks and work in progress**
Stocks of raw materials
**10. Debtors**
**Amounts due within one year:**
Other debtors
**11. Creditors: amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Fixtures and**
**Computer**
**Fittings**
**Equipment**
**£**
**£**
10621
16691
**10621**
**16691**
10621
16547
-
48
**10621**
**16595**
**-**
**96**
**-**
**144**
**2023**
**£**
22193
**22193**
**2023**
**£**
279
**279**
**2023**
**£**
-
300
**300**|**Total**
**£**
419770
**419770**
64945
7897
**72842**
**346928**
**354825**
**2022**
**£**
23109
**23109**
**2022**
**£**
279
**279**
**2022**
**£**
-
750
**750**| |---|---|---| 7 of 9 ## **Quranic Arabic Foundation Notes to the Financial Statements Continued For the year ended 31 December 2023** ## **13. Analysis of net assets between funds** |**13. Analysis of net assets between funds**|||| |---|---|---|---| ||**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General|||| |General|346928|241,316|588,244| ||**346928**|**241,316**|**588,244**| |**Previous year**|**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |**Unrestricted funds**|**£**|**(liabilities)**
**£**|**£**| |General|||| |General|354825|236,171|590,996| ||**354825**|**236,171**|**590,996**| ||||| 8 of 9 ## **Quranic Arabic Foundation Detailed Statement of Financial Activities For the year ended 31 December 2023** |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Gifts In Kind
**Charitable activities**
Books And Material Sales
**Investments**
Profit On Investments With Al Rayan Bank
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Books And Materials
**SUPPORT COSTS**
**Admin & Management**
Depreciation - Owned Assets
Insurance Expense
Telephone & Internet
Water Charges
Payment Processing Charges
Light & Heat
Computer & It Exp
Postage & Stamps
Stationery
Professional Service Charges
Bank Charges
Repairs & Maintenance
Advertisement
**Governance costs**
Accountancy Fees
**Total resources expended**
**Net Income**|**2023**
**£**
22229
-
**22229**
2030
**2030**
1736
**1736**
**25995**
**0**
(7,897)
(2,409)
(487)
(785)
(85)
(5,233)
(230)
(551)
(5)
(7,820)
(206)
(2,465)
(274)
**(28,447)**
(300)
**(300)**
**(28,747)**
**(2,752)**|**2022**
**£**
34236
20607
**54843**
680
**680**
1264
**1264**
**56787**
(150)
**(150)**
(7,921)
(2,166)
(352)
(705)
(321)
(1,663)
(300)
(2,036)
(458)
(10,365)
(264)
(743)
-
**(27,294)**
(750)
**(750)**
**(28,194)**
**28,593**| |---|---|---| This page does not form part of the statutory financial statements 9 of 9