Dar-Al-Arqam (Islamic Centre)
Trustee's Report and Financial Statements For The Year Ended 31 December 2024
Charity No. 1067963
Dar-Al-Arqam (Islamic Centre) Legal and Administration Information
Chairman of Trustees
Dr Nabeel Al Ramadhani
Registered Office
13-15 Claremont Bradford BD7 1BG
Trustees
Dr Nabeel Al Ramadhani Dr Ashraf Fawzy Ashour Mr Hashim Mohammed Mirza
Bankers
Lloyds Bank Hustlergate Branch PO Box 1000 BX1 1LT
Accountants
I.Z Accountancy Ltd Chartered Certified Accountants Suite 1, 9 Norville Terrace Headingley Lane Leeds LS6 1BS
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Dar-Al-Arqam (Islamic Centre)
Reports and Financial Statements For The Year Ended 31 December 2024
Contents
| Page | |
|---|---|
| Trustee's Report | 4 |
| Accountants Report | 6 |
| Balance Sheet | 7 |
| Statement of Financial Activities | 8 |
| Notes | 9 |
| Schedule of Income | 10 |
| Schedule of Expenditure | 11 |
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Dar-Al-Arqam (Islamic Centre)
Trustee's Report
For The Year Ended 31 December 2024
The trustees present their report and financial statements for the year ended 31st December 2024 under the Charities Act 2011, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Organisation
The charity is managed by three trustees who are responsible for the charity's assets. New trustees are appointed as and when required by the existing trustees and are normally appointed for life or until they resign (or when they can no longer perform their duties).
The Objects of the Charity and how it is attempting to achieve the objectives
The charity is governed by a trust deed, a written constitution in which its objects are set out to provide education to the community and to provide social activities such as festivals,celebrations,trips and religious services.
Objectives achieved in the year, a review of activities, significant changes, developments and plans for the future
Introduction
The board of trustees are satisfied with the performance of the charity during the year and the position as at 31st December 2024 .They consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Legal Status
The Charity is an unincorporated charity governed by a written constitution adopted by its members . There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Dar-Al-Arqam (Islamic Centre)
Trustee's Report Continued
For The Year Ended 31 December 2024
The law applicable to charities in England and Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
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state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any departures which are explained in the financial statements.
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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 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was considered and approved by the Trustees on 3 March 2025 and signed on their behalf by:
.............................................................
Dr Ashraf Fawzy Ashour
Trustee
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Dar-Al-Arqam (Islamic Centre)
Independent Examiner's Report
For The Year Ended 31 December 2024
I report on the accounts which are set out on the pages 7 to 12
Respective responsibilities of the Trustees and Examiner
The trustees are responsible for the preparation of the accounts. The trustees consider than an audit is not required for the year
It is my responsibility to :-
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145)5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is therefore limited.
.......................................................................
For and on behalf of I.Z Accountancy Ltd Chartered Certified Accountants Suite 1, 9 Norville Terrace Headingley Lane Leeds LS6 1BS
03 March 2025
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Dar-Al-Arqam (Islamic Centre)
Balance Sheet as at 31 December 2024
| Note Current Assets Debtors Bank and Cash Creditors Amounts due within one year 2 Net Current Assets Total assets less current liabilities Net Assets Capital and reserves Profit and loss account 3 |
£ - 496,307 496,307 (600) |
2024 £ 495,707 495,707 495,707 495,707 495,707 |
£ - 407,122 407,122 (600) |
2023 £ 406,522 |
|---|---|---|---|---|
| 406,522 | ||||
| 406,522 | ||||
| 406,522 | ||||
| 406,522 |
Approved by the Board, and authorised for issue, on 3 March 2025 and signed on their behalf by:
……………………………………………
Dr Ashraf Fawzy Ashour
Trustee
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Dar-Al-Arqam (Islamic Centre)
Statement of Financial Activities
For The Year Ended 31 December 2024
| General Fund Total funds brought forward Surplus for the year Total funds carried forward Summary of Movement of Funds Income Expenditure Surplus/(Deficit) for the year |
2024 £ 406,522 89,185 495,707 151,599 62,414 89,185 |
2023 £ 277,346 129,176 |
|---|---|---|
| 406,522 | ||
| 195,923 66,747 |
||
| 129,176 |
All gains and losses arising in the year have been included in the Statement of Financial Activities and arise from continuing operations.
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Dar-Al-Arqam (Islamic Centre) Notes to the Financial Statements
For The Year Ended 31 December 2024
1 Accounting Policies
A summary of the principal accounting policies adopted, judgements and key sources of estimation uncertainty, is set out below.
Accounting Convention
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance to Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a public benefit entity for the purposes of FRS 102 and has also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP), the Companies Act 2006 and Charities Act 2011.
Income
All income is recognised when there is entitlement to the funds, the receipt is probable and the amount can be measured reliably.
Resources Expended
Expenditure is included in the Statement of Financial Activities on a accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Support costs are those incurred in the administration of the charity and are primarily associated with the constitutional and statutory requirements.
| 2 Creditors: amounts falling due within one year Accruals |
2024 2023 £ £ 600 600 600 600 |
|---|---|
3 Statement of Movement on Reserves
| Balance brought forward Surplus for the year Balance carried forward |
Unrestricted Funds £ 406,522 89,185 |
|---|---|
| 495,707 |
4 Trustees and Related Parties
No trustees received any remuneration for their services and no expenses were reimbursed (2024: £Nil).
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Dar-Al-Arqam (Islamic Centre)
Schedule Of Income
For The Year Ended 31 December 2024
| Income Resources Grants Voluntary Sources Other incoming resources Rent receivable Total incoming resources |
2024 £ - 150,524 150,524 1,075 151,599 |
2023 £ - 194,143 |
|---|---|---|
| 194,143 | ||
| 1,780 | ||
| 195,923 |
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Dar-Al-Arqam (Islamic Centre)
Statement of Expenditure
For The Year Ended 31 December 2024
| Other Administrative Costs Events/Functions Courses and Education Light & Heat Donations Building Repairs Bank Charges and Interest Stationary & Printing Cleaning Professional fees Total overhead expenses |
£ 16,422 15,000 27,007 450 0 2,322 0 213 1,000 |
2024 £ 62,414 62,414 |
£ 11,764 25,000 22,475 2,200 2,236 1,909 0 218 945 |
2023 £ 66,747 |
|---|---|---|---|---|
| 66,747 |
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