REGISTERED CHARITY NUMBER: 1105234 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BLACKBURN U.K. TRUST Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ
BLACKBURN U.K. TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Admlnistrative Detalls Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement 10 Notes to the Financial Statements 11 to 17
BLACKBURN U.K. TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 Trustees M S S Dhanchora l Master I Vally S A Makda Principal address Richmond House 50 Tontine Street Blackburn BB17ED Reglstered charlty number 1105234 Auditors Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Ctygate Longridge Rd Preslon PR2 5BQ Page 1
BLACKBURN U.K. TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopled the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectives and activities Objectives and aims The objectives of the charity are as outlined in the charitls Governing Instrument i.e., Trust Deed. Current Activities Brief descriptions of charitable activities currently being conducted are. (a) Giving donations to Muslim charitable organisations and institutions such as Mosques, Religious & Secular Schools, Orphanages, Hospitals etc. for their development and maintenance. (b) Sponsoring poor children and orphans for their basic care and maintenance including providing them religious and secular education from elementary to advanced education through Muslim charitable organisations and institutions. (c) Providing financial assistance to poor, to widows, disabled and old age people for food, clothing, shelter and medical treatment directly or through Muslim charitable organisations and institutions. (d) Providing aid to relieve the suffering of people affected by disasters by providing food, shelter, and medical treatment. (e) Providing housing and water facilities in villages by drilling boreholes and fitting hand pumps for use by the general public. Achievement and performance Charitable activities During this accounting year ending 31 March 2024, the trustees consider that, like in the previous years, the charity has performed well. We thank and praise Allah for this and ask Him to accept our humble efforts, Ameen. As in previous years, several orphanages. religious and secular schools, mosques, hospitals, and other charitable institutions have continued to benefit financially from our charity. Widows, refugees, poor and desolate people have also been supported financially, directly and through other charitable organisations. Financial review Financial position In this year ending on 31 March 2024, we received £2,731,419 (2023= £1,478,788) donations from the general public and the charity spent £2,534.929 {2023: £1,457,346) for various projects and charity activities. The support costs were £144,266 (2023.. £78.245) in this year. Reserves policy As at the year ending 31 March 2024, £134,174 {2023: £157,514) cash reserve is being carried forward to the new accounting period. The trustees consider that, given the nature of our work; a reasonable cash reserve should be atways maintained to allow us to respond quickly to emergencies where immediate relief is needed. Future plans The trustees have resolved to continue the current activities as the charty keeps receiving several appeals and requests for financial assistance from Orphanages, Mosques, Religious & Secular Schoo15, Hospitals and Relief Agencies. Page 2
BLACKBURN U.K. TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Structurei governance and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Reference and administrative details are shown in the preceding section. Risk management The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at adequate levels, combined with an annual review of the controls over key financial systems, will provide sufFicient resources in the event of adverse conditions. The trustees have also examined the operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. Statement of trustees. responsibilities The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the 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, including Ihe income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., state whether applicable 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 charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charty {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 21I01I2olS and signed on its behalf by.. M S S Dhanchora- Trustee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BLACKBURN U.K. TRUST Opinion We have audited the financial statements of Blackburn U.K. Trust (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow statement and notes to the financial slatements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charty's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection wtth our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othewise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of thi5 Other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements.. or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require for our audit. Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BLACKBURN U.K. TRUST Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but lo do so. Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations-. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the compantys financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., and considering the internal controls in place to mitigale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we- performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identtfy unusual transactions., assessed whetherjudgements and assumptions made in determining the accounting estimates set out were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BLACKBURN U.K. TRUST In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to= agreeing financial statement disclosures to underlying supporting documentation- reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims., and reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. There are inherent limttations in our audit procedures described above. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description fomis part of our Report of the Independent Auditors. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitls trustees those malters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charivs trustees as a body, for our audit work, for this report, or for the opinions we have formed. -hJl Qa Xeinadin Audit Ltd (Statutory Auditor) Ground Floor Citygate Longridge Rd Preston PR2 5BQ Date:........ %.sl.:I tZLSL4 Page 6
BLACKBURN U.K. TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Income and endowments from Donations and legacies 211,469 2,731,418 2,942,887 1,623,353 Investment income 725 725 142 Total 211,469 2,732,143 2,943,612 1,623,495 Expenditure on Raising funds 24,280 24,280 12,500 Charitable activlties Restricted grants Charitable activities 2,534,929 2,534,929 144,266 1,457,346 78,245 144,266 Total 168.546 2,534,929 2,703.475 1,548,091 NET INCOME 42,923 197,214 240,137 75,404 Reconciliation of funds Total funds brought foNiard 296,461 111,254 407,715 332,311 Total funds carried fonvard 339,384 308,468 647.852 407,715 Continuing operations All income and expenditure has arisen from continuing activities. The notes fomi part of these financial statements Page 7
BLACKBURN U.K. TRUST BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Fixed assets Tangible assets 1,328 1,328 1,993 Current assets Debtors Cash at bank and in hand 12 211,282 134,174 211,282 442,642 144,278 268,768 308,468 345,456 308,468 653,924 413,046 Creditors Amounts falling due within one year 13 (7,400) {7,400) (7,324) Net current assets 338,056 308,468 646,524 405,722 Total assets less current liabilitie5 339.384 308,468 647,852 407,715 NET ASSETS 339,384 308,468 647,852 407,715 Funds Unrestricted funds Restricted funds 15 339,384 308,468 296,461 111,254 Total funds 647,852 407,715 The fin ncia statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. M S S Dhanchora - Trustee i Master - Trustee The notes form part of these financial stalements Page 8
BLACKBURN U.K. TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 173,149 56,172 Net cash provided by operating activities 173,149 56,172 Cash flows from investing activities Purchase of tangible fixed assets Interest received {2,658) 142 725 Net cash provided byl(used in) investing activities 725 (2,516) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 173,874 53,656 268,768 215,112 Cash and cash equivalents at the end of the reporting period 442,642 268,768 The notes fomi part of these financial statements Page 9
BLACKBURN U.K. TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Reconciliation of net income to net cash flow from operating activities 2024 2023 Net income for the reporting period (as per the Statement of Financial Activitiesl Adjustments for: Depreciation charges Interest received Increase in debtors Increase in creditors 240.137 75,404 665 {725) (67,0041 76 665 {142) (19,879) 124 Net cash provided by operations 173,149 56.172 Analysis of changes in net funds At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 268,768 173,874 442,642 268,768 173,874 442,642 Total 268,768 173,874 442.642 The notes form part of these financial statements Page 10
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Basis of preparing the financial statements The financial statements of the charity, which is a public benefrt entty 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 chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared Lbnder 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. Income from the restricted grant is recognised when charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when Ihe charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Income from investments is included in the year in which it is receivable. 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. Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all Costs incurred by a charity in undertaking activrties that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charilable activities. Support Costs are those costs incurred directly in support of expenditure on the objectives of the charity and include project management. Support costs include governance costs. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and costs linked to the strategic management of the charty. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 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. Page11 continued...
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies - continued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipments _ 250A per annum straight line basis Taxation The charity is exempt from tax on its charitable activtties. 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 objecls of the charty. 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Donations and legacies 2024 2023 Donations Gift aid 2,731,419 211,468 1,478,788 144,565 2,942,887 1,623,353 Investment income 2024 2023 Interest receivable 725 142 Page 12 continued...
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 Raising funds Raising donations and legacies 2024 2023 Advertisement and marketing 24,280 12,500 Charltable activities costs Grant funding of activities (see note Support costs (see note 7) 6) Totals Restricted grants Charitable activities 2,534,929 2,534,929 144,266 144,266 2,534,929 144,266 2,679,195 Grants payable 2024 2023 Restricted grants 2,534.929 1,457,346 Support Costs Governance costs Management Finance Totals Charitable activities 130,070 6,026 8,170 144,266 Support costs, included in the above, are as follows.. 2024 Charitable activities 2023 Total activities Wages Social security Other operating leases Advertising and printing Sundries Travelling and monitoring cost Depreciation on tangible asset Bank charges Auditors, remuneration Accountancy and legal fees 59.981 4,408 6,600 19,342 1,239 37,835 665 6,026 7,200 970 14,950 s,000 26,433 11,107 10,452 665 2,438 6,000 1,200 144,266 78,245 Page 13 continued...
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 Trustees. remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses During the year, the charity paid £720 for travelling and accommodation expense of a trustee for charitable purposes. Staff costs 2024 2023 Wages and salaries Social security costs 59,981 4,408 14,950 64,389 14,950 The average monthly number of employees during the year was as follows.. 2024 2023 Employees No employees received emoluments in excess of £60,000. 10. Comparatives for the statement of financial activities Unrestricted Restricted fund fund Total funds Income and endowments from Donations and legacies 144,565 1,478,788 1,623,353 Investment income 142 142 Total 144,565 1,478,930 1.623,495 Expenditure on Raising funds 12.500 12.500 Charitable activities Restricted grants Charitable activities 1,457,346 1,457,346 78.245 78,245 Total 90,745 1,457,346 1,548,091 NET INCOME 53.820 21,584 75,404 Reconciliation of funds Total funds brought forward 242,641 89,670 332,311 Total funds carried forward 296,461 111.254 407.715 Page 14 continued...
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets Computer equipment Cost At 1 April 2023 and 31 March 2024 2,658 Depreciation At 1 April 2023 Charge for year 665 665 At 31 March 2024 1,330 Net book value At 31 March 2024 1,328 At 31 March 2023 1,993 12. Debtors: amounts falling due within one year 2024 2023 Other debtor5 211,282 144,278 13. Creditors: amounts falling due within one year 2024 2023 other creditors 7,400 7,324 14. Leasing agreements Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Between one and five years 6,600 6,600 5,000 5,000 13.200 10,000 15. Movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 296,461 42,923 339,384 Restricted funds Restricted 111,254 197,214 308,468 TOTAL FUNDS 407,715 240,137 647.852 Page 15 continued...
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. Movement in funds - continued Net movement in funds, included in the above are as follows= Incoming resources Resources Movement expended in funds Unrestricted funds General fund 211,469 (168,546) 42,923 Restricted funds Restricted 2,732,143 (2,534,929) 197,214 TOTAL FUNDS 2,943,612 (2,703,475) 240,137 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 242,641 53,820 296.461 Restricted funds Restricted 89,670 21,584 111,254 TOTAL FUNDS 332,311 75.404 407,715 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 144,565 (90,745) 53,820 Restricted funds Restricted 1,478,930 (1,457,346) 21,584 TOTAL FUNDS 1,623,495 (1,548,091) 75,404 Purpose of funds All donations received by the chariiy are categorised as restricted funds. Unrestricted funds include gift aid money received from HMRC. Page 16 continued..
BLACKBURN U.K. TRUST NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2024 16. Related party disclosures There were no related paty transactions for the year ended 31 March 2024. Page 17