DARUS SALAM TRUST (A regtstered ¢harity) Report and Financlal Statements YeAr ended 31st December 2023 Charity number: 1067407
DARUS SALAM TRUST (A registsred charity) CONTENTS Page Charity Reference and Administrdtive Details Report of the Trustee Board Statement of Receipts and Payments Staternent of Assets and Liabilities Independent Examiners Report Page I
DARUS SALAM TRUST (A registered charity) Charity Reference and Administrative Detsils Charity number: 1067407 Principal Office: 55-57 Upper Tichborne Street Leicester LE2 IGL Trustees: Mojnu Bashir Humayun Kabir Isim Ali Mohammed Yousuf Mohammed Mirza Noor Chairperson Treasurer Education Secretary Trustee Board Member Trustee Board Member Independent Exatniners: Shah Jalal 2 Mallory Place Leicester LE5 OHS Bankers Barclays Bank PIC 1-3 Haymarket Towers Leicester LEI IWA Page 2
DARUS SALAM TRUST (A registered charity) Report of the Trustees for the year ended 31st December 2023 The tn]ste¢s present their report and unaudited fuwicial statements of the charity for the year ended 31 December 2023. The trustees have athlpted the provisions of the Statem¢nt of Recommended Practice (SORP) "Accounting by Charities" (FRS 102) in preparing the annual report and financial statem¢nts of the charity. Trustees of the chari The trustees of the charity are its members and for the purpos¢ of charity law and throughout this report are collectively referred to as the Trust¢¢. The Trust¢¢s serving during the year and sin¢¢ the year end were as follows Trustees: Mojnu B&8hir Humayun KabiT Isim Ali Mohammed Yousuf Mohammed Mirza Noor Chairperson Tr¢asuTer Education Secretary Trustee Board Member Trustee Board Member Ob'ectives & Activities Darus Salam Trust {DST) is an unincoOrated charitablc organisation providing Muslim religious services and community development activities for people, mainly but not exclusively of Bangladeshi descenl, living in Leicester helping them to take advantage of the opportunities of society today. Public Benefit Ststement The Trust$ have consid¢r¢d the genernl guidance on public benefit issu¢d by the Charity Commission and taken due regard of that guidanc¢. The Trustees consider that they arc satisfied that the charity's activities do provide a wide public social benefit. Aehievements and erformance The main charitabl¢ artivities are offwing Muslim religious services including facilities for pray¢r5, Muslim marriage service & registratio Muslim burtal service, religious education and training for school aged children and so¢ial health and wellbeing for ¢lderly people. The organisation also takes part to promote the national agenda of promoting a safe and fair society to its community. Page 3
DARUS SALAM TRUST (A registsred charity) Report of the Trustees for the year ended 31st December 2023 (Continued) Achievements and rformance continued The board is satisfied with its handling of fJnan¢es to build relatively sizeable assets and reserves thus placing the charity in good financial stead. We are happy that the mosque is a welcoming space which meets the requirements set out in the Equalities Act. In addition, we continue to provide all the traditional services to a high degree of exc¢ll¢nce whilst also expanding our activities in areas such as youth Outr¢h. Ffinancial Revie Income was decreased by £29,976 during the year as a result of lower rent collection. Last yvdr the rental income was higher due to arrears rent collection during the year. There is no differenc¢ between the expenditures. The professional fees related to payments to visiting guests and Imams was £10,395. During the year Korie Hasana (Interest Free Loan) was paid back to the lenders and the amount was £92.000. This is why the income over expenditure is showing £17,803 for the year where the net sulUS is actually £74,199 for the year. Plans for Future Periods The charity plans continuing th¢ activities outlined abov4 in the ensuing years to obtaining satisfactory income generation arrangements. Structure Governance and Mana ement Governin Document The orgaJ]isation is a registered charity. Its obj¢¢ts are to provide Muslim religious services, education & training and social activili¢s for individuals from the City of Leicester. The charity was ¢stablÉshed under a Constitution which established the objectives and goals of thc charity and governed under its rules and regulations. Recruitment and A intment of the Trustees The Trust¢es of the charity are also the members of the cEwity for the purposes of charity law and under the charity's Articles are known as memb¢rs of the Trustecs. All the members of the Trustees have to be re-elected every three years at the annual general meeting. New m¢mbets of the Trustees must be members of the DST for at least 2 years with due ¢onsideration tsken by existing members of th¢ new members, suitability before bcing ¢le¢t¢d. Trustees Board Ind ction and Trainin The Trustee board are recruited locally and appointed at the Annual General Meeting. As all of th¢ Trustee board members must be the members of the DST, they are familiar with the practical work of the charity and its objectives. Ea¢h potential Trustee member is given a brief induction which includes a role description, infomiation about the service and legal responsibilitie5 of Trustees. In-house training 15 provided. Page 4
DARUS SALAM TRUST (A registsred charity) Re rt ofthe Trustees for the ear ended 31st December 2023 Continued Risk Mana ement The Trustees are awar¢ of the significant risks in relation to donatÉons/funding and review the situation at every Tntee$ meeting. Appropriate plans to with this are in place and are continually monitored. Procedures are also in plac¢ to monitor the health and safety of all of the DST'S staff members, worshippers, students and visitors to the centre. Structhre Governance and Mana ement Contlnued isation The DaTh Salam Trust (DST) has a Trustee board of 5 members who meet regularly and are responsible for the strategic direction and policy of the DST. The TnLgtees work as a team with a scheme designated in place to ensure the charity delive and Maintains the services specified. The charity has a signifi¢ant number of volunteers who are supported and supervised by the relevant service manager. An annual review of iheir work is also carrled out. Polic Reserve The Management Board have examined the charity's requirements for reserves in light of the main risks to the organisation. The Charity does not have any reserves at present as nearly all of its funds have been aIlocated. Trustee's Res nsibilities in Relation to the Financial Statements The Trustees are responsible for preparing the Report of th¢ Trustee Board and the fjnancial stateinents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom QenernLly Accepted Accounting Pra¢tice). Charity law requires the Trustee board to prepare fllydncial statements for each financial year, which give a true and fair view of the state of affairs of the charitable organisation and of the incoming resources and application of resources. including the income and expenditure, of the charitable organi5ation for that period. In preparing these financial statements, the Trustees are requir¢d to: select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP 2019(FRS102)' make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the clwitable organisation will continue in operation. The Trustee board are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable organisation and enable them to ensure that the financial statements comply with the Charity Act.2011, They are also responsible for safeguarding the assets of the charitable organisation and hence for taking reasonable steps for the prevention and detection of fraud and other ittegularities. Page 5
DARUS SALAM TRUST (A registered charity) Report of the Trustees for the year eDded 31st December 2023 (Continued) Trustee Board's Res onsibilities in Relation to the Financial Statements Continued The Trustees ar¢ responsible for the mainteDance and integrity of the corporate and financial inforn)ation. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with Chapter 4 of the Charity Act 2011 relating to annual reports and return of a charity. Appn)val Authority to approv¢ this r¢port was on th¢ 12 October 2024 By order of the Trustees Mojnu Bashir Chain)erson Page 6
DARUS SALAM TRUST (A REGISTERED CHARITY- CHARTTY NUMBER 1067407) STATEMENT OF RECEIIYS AND PAYMENTS FOR THE YEAR EIWEJ) 31ST DECEMBER 2023 2023 2023 2023 2022 Unrestrieted Funds Restricted Funds Total Funds Total Funds Receipts Rental Income Friday Collection Donation by Direct Debit Madrassa Fe¢s RamadanlEid Collection Membership fees Marriage Cerernony Fees 55.528 22.317 16,551 9,877 8,637 1,894 1.575 600 24.915 55.528 22,317 16.551 9.877 8.637 1,894 1.575 600 24.915 74253 32,946 13,597 9,171 7.553 1.626 1,450 2,970 36,142 386,400 Casual Donation Interest Free Loans Donation by Cause Pot Collection Totsl Reeelpts 8722 8,722 3,765 154,381 3,765 145,659 4,049 570,157 8.722 Paynients Salaries and Wages Loan r¢payinent Healing and Lighting Water Insurance Accountancy and bookkeeping 35,465 92,002 4,641 2,270 1.909 35,465 92,002 4,641 2270 1,909 37,767 133,001 2,031 901 1.642 1.343 14,915 1,343 14,915 1.334 24,700 331.665 1.191 445 Professional fees Purch&se of House Repairs & Maintenance Internet Donation to Causes Estate Agent Fees and others 3,520 511 9,162 3,520 511 9,162 6,446 172,184 6.446 172.184 10,051 544,728 Total Payments Net of receipts 26,525 8,722 17,803 25,429 Cash fimds last year ¢nd 149,016 149,016 123,587 Cash funds this year end 122,491 8.722 131,213 149,016 Page 7
DARUS SALAM TRUST (A REGISTERED CHAIUTY- CHARITY NLfMBER 1067407) STATEMENT OF ASSETS AND LIABILITIES FOR THE YEIIR ENDED 31ST DECEMBER 2023 Categorles Details UDrestrieted Funds Restricted Funds Casb Fund$ Cash at Bank Cash In Hand 131,213 Total Cash Funds 131,213 Other Monetsry Assets None Investment Assets Fund to which asset belongs Property- I Churchill St Unrestritted Propety- 35 Churchill St Unrestricted Property- 11 Connaught St Unrestricted Property- 3 Hamilton St Unrestricted Property- 43 Hamllton St Unrestrlcted Costs £ iio,000 125.000 125,000 iio,000 121,O¢XJ Current £ 175.000 175,000 175,000 175,000 175,000 Assets for own use Fund to whlch asset belongs 55-57 Upper Tlchbourne St Unrestrlcted 53 Upper Tichbourne St Unrestritted Costs £ Current £ 650.000 331.665 35,000 331.665 Llablllties / Creditor PAYE underpayment Fund to which liabillty relates Not applicable Amount Due £ 3,770 Due Date 2024 Asset / Debtor Salary Overpayment Fund to whlch liablllty relates Not applicable Amount Due £ 308 Due Date 2024 The financlal statements were approved by the Board of Trustees on 12th October 2024 Mojnu Bashir- Chalrperson Page 8
DARUS SALAM TRUST (A REGISTERED CHARITY- CHAIUTY NuTrER 1067407) Independent Examln8rf8 Rèptsrt to the Trustses of Daru8 Salam Trust I report to the trustees on my examination of the accounts of tha Darus Salam Trust (the Trust) for the year ended 31" December 2023 which are set out on pages 3 to 4. Re8pon8ibllities and basis of report As the charity's Trustees you are resFX)nsible for the preparation of the account5 in accordance with the requirements of the Charitie5 Act 2011 ('the Acr}. I pOrt in respect of my examination of the chartty'$ accounts rrIed out under section 145 of the Act and in arrying out my examination I have followed all th6 applicable Directions given by the Charity Commission undèr section 145(5llb) of the Act. Indopendent oxamlnerf8 Statement I have completed my examinalion. I confirm that no material matters have come to my attention in connection wilh thè examination giving me cause lo believe that in any material re$ct.. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not accord with those records. I have no concerns and havg 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 b8 reached. Signed............ Nam61 Shah J8181 Prof8ssion.' Finance Officer, B8ngl8desh Youth and Cultu1 Shomiti Address.. 2 Mallory Place, Leicoster, LE5 OHS Dat6.' 14th October 2024 Page 9