Trustees Annual Report Darul Arqam Educational Trust Charity no: 1092608 Year Ended: 30 June 2024
Darul Arqam Educational Trust Trustees Annual Report Charity no: 1092608 Year Ended: 30 June 2024
Report of the Trustees
The trustees present their report for the year ended 30 June 2024.
Activities
Darul Arqam is a charity and its object is to provide educational, social and recreational facilities to the public in the U.K. by the provision of such academic, vocational, and non-vocational courses and activities as may be appropriate. To achieve this object, the charity operates a number of projects. These are described below.
Legal and administrative information
Darul Arqam Educational Trust is a charitable organization, registered as a charity on 2[nd] April 2002
The charity was established under a Deed of Trust that established the objects and powers of the charity, and is governed by its provisions.
The operational management of the trust is in the hands of a director appointed by the trustees, and who reports back to them.
Trustees
Mr Asif Mohmed Faruk Mulla of 250 Uppingham Road, Leicester wished to relinquish his role as Trustee and in a special meeting held ion the 9[th] March 2024 he was replaced by Dr Muhammed Shaikh. As such the trustees are five – mentioned below
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1.) Mr Kamruddin Nasrulla Shaikh of 1 Fairfield Street, Leicester,LE5 5BH as chairperson.
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2.) Mr Mohammed Hanif Shaikh of 9 Aber Road, Leicester, LE2 2BA as secretary.
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3.) Dr Muhammed Shaikh of 6 Scraptoft Mews, Leicester, LE5 2BH as treasurer.
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4.) Mr Ayub Patel of 7 Gainsford Road , LEICESTER , LE5 0BU
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5) Mr Haseeb Ahmed Malik of 41 Parkstone Road , LEICESTER , LE5 1NP
Members of the trust guarantee to contribute an amount not exceeding £1 to the assets of the trust in the event of winding up. The total number of such guarantees as at 30 June 2024 was 5.
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Trustees Annual Report Darul Arqam Educational Trust Charity no: 1092608 Year Ended: 30 June 2024
Registered Office and operation address
16 Thurmaston Lane, Leicester LE5 0TE.
Reporting Accountants
Affirm Accountants Ltd , The Old Courthouse, 18 – 22 St Peters Church Yard, Derby DE1 1NN
Bankers
Barclays Bank, Barclays Business Centre, Tritton Rd, Lincoln LN6 7AR. Al Rayan Bank, 24a Calthorpe Road, Edgbaston, Birmingham, B15 1RP
Responsibilities of the Trustees
The Charities Act requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charitable trust, as at the balance sheet date, and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements the trustees should follow best practice and :
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select suitable accounting policies and apply them consistently
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make judgments that are reasonable and prudent
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prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the trust will continue on that basis
The trustees are responsible for maintaining the proper accounting records that disclose with reasonable accuracy at any time the financial position of the trust, and to enable them to ensure that the financial statements comply with the Charities Act. The trustees are also responsible for safeguarding the assets of the trust, and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Current Projects
1. Supplementary School
The trust maintains no other supplementary schools other than those delivered at the Thurmaston lane and its ancillary premises situated at 155 Humberstone Drive, Leicester. Classes this academic year continued with attendance on premises and online hybrid delivery.
2. Adult Classes
The various courses cover the various faculties of the Islamic sciences and are offered at various times over the week. A long-term diploma course with various short duration courses are offered as part of our adult education provision.
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Trustees Annual Report Darul Arqam Educational Trust Charity no: 1092608 Year Ended: 30 June 2024
3. Lecture Programs
The trust organises periodic lecture programs at various venues topics revolve around the importance of self-rectification, spiritual realisation and other topics local scholars delivered programs to the Darul Arqam community using distance learning platforms online.
4. Fundraising
Fundraising continued this year repaying loans which we incurred for purchase of the premises of 16 Thurmaston Lane, Leicester LE5 0TA. Various fund-raising initiatives were started and funds were accrued for the repayment of loans. By the Greater Glory of God we managed to raise the funds for the loans which were undertaken for the 16 Thurmaston Lane, LE5 0TA premises by which we also appealed for cash and in the form of a religiously orientated interest free loans. We have acquired a new property – of 155 Humberstone Drive, LE5- please see (10). The debts are in excess of £ 110K. Funds for the new property are banked in our new account at the Al Rayan Bank.
Various methods of fundraising for the premises are utilised both online and in person.
5. Youth Summer Activities 2024
We were able to offer local youth activities for more than 70 children in the local. The sports activities over a period of 2 weeks was very beneficial.
6. Online Book Shop.
The online book shop continued and is a good portal for sales of resources which are required for some of our courses.
7. Social & Community Activities
We started various social and community activities in previous years including DA Scouts, Kids Baking Classes, Arts and Crafts, Documentary Showings, ladies coffee mornings and communal worship. We also have art sessions in the form of Arabic calligraphy.
8. Premises : 16 Thurmaston Lane.
Our premises was acquired in May 2014. For a total price of £495K. The property is continuously being refurbished which includes fencing and gardening. We expect further refurbishment costs. The continuing refurbishment includes the repainting, roofing and plumbing.
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Trustees Annual Report Darul Arqam Educational Trust Charity no: 1092608 Year Ended: 30 June 2024
9. Emergency Relief Collection.
We raised funds for many humanitarian emergencies. This was in partnership with a registered charity in UK Revive Darul Arqam – registered charity number : 1187831. The charity mentioned operates in Syria, Yemen and Bosnia. Due to the war in Gaza the charity also has emergency projects there. These funds were directly sent by Darul Arqam to Revive Darul Arqam. in cooperation with NGO’s. We work closely with this charity. The total distributed amongst the various projects was in the region of £ 35 K.
10. New Premises : Humberstone Hub - 155 Humberstone Drive, LE5 0RF.
During January 2022 DA Trust acquired a new premises of 155 Humberstone Drive, LE5. The new premisses will enable DA to establish a community centre which will enable to fulfil our greater vision. The purchase price was £ 549,000 with which we have payment plan. The initial payment at purchase was £ 249,000 of the property January 2022. The second payment was made end of January 2023 of £ 125,000. The third payment was made end of January 2024 of £ 125,000. This leaves a final payment of £50,000 which is due January 2025. The majority of this came via donations and interest free loans. We will continue fundraising to make Darul Arqam Debt free. We have loans in the region of £170,000. As part of the request for loans we also reached out to other charities. The premises at 155 Humberstone Drive, Leicester, LE5 0RF is undergoing considerable refurbishment.
Future Strategy
The charity plans to continue the above activities in the forthcoming years, subject to revenue.
We are in the process of refurbishing the property.
Deliver some of the courses online.
Renovation of the premises.
Approved by the trustees on 1[st] April 2025, and signed on their behalf by:
(Trustee).[7]
Mr Mohammed Hanif Shaikh
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| Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year Period end date 01/07/2023 30/06/2024 Charity Name No (if any) CC16a DARUL-ARQAM EDUCATIONAL TRUST 1092608 Receipts andpayments accounts For the period from Period start date To ~~==—~~ |
Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year Period end date 01/07/2023 30/06/2024 Charity Name No (if any) CC16a DARUL-ARQAM EDUCATIONAL TRUST 1092608 Receipts andpayments accounts For the period from Period start date To ~~==—~~ |
|---|---|
| to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ |
|
| A1 Receipts | |
| Voluntary Donations 718,392 - 718,392 416,656 Charitable activities 5,316 - 5,316 118,265 Gift Aid/Grant 3,000 - - 3,000 Reward and interest 9 - - 9 37 - - - - - - - - - Sub total(Gross income for AR)726,717 - - 726,717 534,958 A2 Asset and investment sales, (see table). Additional loans 13,000 - - 13,000 78,000 - - - - - ~~Sub total~~13,000 - - 13,000 - Total receipts 739,717 - - 739,717 612,958 ~~=——S====~~ ~~——~~ |
A3 Payments
| Bank Charges | 320 | - | - | - | 320 | 666 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BuildingMaintenance | 37,728 | - | - | - | 37,728 | 23,120 | |||||||
| Legal/Professional fees | 4,018 | - | - | - | 4,018 | 4,062 | |||||||
| Rates | 13,448 | - | - | - | 13,448 | 1,720 | |||||||
| Fundraising/marketing | 11,208 | - | - | - | 11,208 | 15,767 | |||||||
| Telephones and communications | 3,058 | - | - | - | 3,058 | 3,095 | |||||||
| Travel and subsistence | 40,290 | - | - | - | 40,290 | 100,433 | |||||||
| Utilities | 9,101 | - | - | - | 9,101 | 15,219 | |||||||
| Website/IT | 5,240 | 5,240 | 7,535 | ||||||||||
| Wages abd salaries | 115,580 | - | - | - | 115,580 | 136,290 | |||||||
| PAYE/Pensions | 6,934 | - | - | - | 6,934 | 4,960 | |||||||
| Resource for teaching | 29,226 | - | - | - | 29,226 | 33,808 | |||||||
| Insurance | 3,364 | 3,364 | 2,931 | ||||||||||
| Administtration/office | 368 | 368 | 160 | ||||||||||
| SundryExpenses | 639 | 639 | 1,504 | ||||||||||
| Grant/Aid | 5,100 | 5,100 | 65,653 | ||||||||||
| International Aid | 34,629 | - | - | 34,629 | 10,668 | ||||||||
| **Sub total ** | 320,251 - - 320,251 427,591 ~~===>=>~~ |
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| A4 Asset and investment | |||||||||||||
| purchases, (see table) | |||||||||||||
| Property purchase | 126,000 | - | - | - | 126,000 | 249,812 | |||||||
| - | - | - | - | - | - | ||||||||
| **Sub total ** | 126,000 | - | - | - | 126,000 | 249,812 | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
446,251 - - 293,466 - - 293,466 183,391 - - 20,087 - - 496,944 - - 496,944 ~~==> ~~ |
- - 293,466 - - - - - 496,944 |
- 293,466 - 496,944 |
446,251 677,403 - 293,466 - 64,445 183,391 20,087 84,532 - 496,944 20,087 ~~==>~~ |
- 64,445 84,532 20,087 |
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| CCXX R1 accounts (SS) | 1 | 24/01/2025 |
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash at Bank | 496,944 - - - - - - - - 496,944 - - Total cash funds ~~—====>~~ |
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| (agree balances with receipts and payments | (agree balances with receipts and payments | ||||
| account(s)) | |||||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~——_——~~ |
||||
| B3 Investment assets | Fund to which asset belongs Cost (optional) Current value (optional) 249812 - - - - - - - - - - Details Property purchase ~~att~~ |
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| B4 Assets retained for the charity’s own use |
Fund to which asset belongs Cost (optional) Current value (optional) 450000 - - 4951 - - 2854 - - 1000 - - - - - - - - - - - - Details Freehold Building Fixtures and fittings Computer Vehicle ~~att~~ |
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| Fund to which Amount due |
When due | ||||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
liability relates (optional) (optional) 95 - 124812 - - - - Signed by one or two trustees on behalf of Date of approval Signature Print Name Short term loan Other loans Details 2 24/01/2025 Mohammed Hanif Shaikh 1st April 2025 ~~—=~~ |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of |
DARUL ARQAM EDUCATIONAL TRUST | ||
|---|---|---|---|
| On accounts for the year | 30 June 2024 Charity no |
1092608 | |
| ended | (if any) | ||
| Set out on pages | 1 and 2 | ||
| ) | |||
| I report to the trustees on my examination of the accounts of the above | |||
| charity (“the Trust”) for the year ended 30/06/2019 | |||
| Responsibilities and | As the charity's trustees, you are responsible for the preparation of the | ||
| basis of report | accounts in accordance with the requirements of the Charities Act 2011 | ||
| (“the Act”). | |||
| I report in respect of my examination of the Trust’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 | have followed all the applicable Directions given by the Charity Commission | have followed all the applicable Directions given by the Charity Commission | |
| under section 145(5)(b) of the Act. |
Independent The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of CPAA.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Signed: Date: 20.1.2025 Name: Rachel Laryea Relevant professional ACCA qualification(s) or body (if any):
Oct 2018
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Address:[124 City Road, London, United Kingdom, EC1V 2NX ]
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of None any items that the examiner wishes to disclose .
Oct 2018
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