CHARITY NUMBER: 1125042
TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENT FOR FINANCIAL YEAR ENDING 31 MARCH 2023
AL-FAROOQ TRUST CHARITY NUMBER: 1125042 ANNUAL REPORT AND FINANCIAL STATEMENT 22/23
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CONTENTS
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Trustees Annual Report 1
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to Financial Statement 7
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Page1 of9 AL-FAROOQ TRUST TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2023 The Trustees declare their annual report and financial statements for the year ended 31st March 2023. Charity Name:. Al-Farooq Trust Charity Number: 1125042 Principal Address of Charity: Masjid Al-Farooq 107 Mill Hill Lane Derby DE23 65B OBJEcfs OF THE CHARITY a) To advance the religion oflslam.. b) To provide or assist in the provision of facilities in the interests of social welfare, education, recreation or other leisure time occupation of individuals who have need of such facilities ... cl To preserve and protect health and relieve poverty, distress, sickness and infi'rmity amongst persons resident in Derby, Burton, Nottingham and Mansfield and the surrounding area.... d) To promotion of equality and diversityfor the public benefit by advancing education and raising awareness in equality and diversity........ The full wording of objectives can be found in the Al-Farooq Trusys Goveming document. NAMES OF THE TRUSTEES The trustees of the charity are as follows- l. Dr. Mohammed Ali Asghar 2. Mr. Asif Khan 3. Mr. Mohammad Jamil 4. Mr. Mohammed Mansha 5. Mr. Adam Ravat Chair: Mr. Asif Khan Vice-chair: Dr. Mohammed Ali Asghar Secretary: Dr. Mohammed Ali Asghar The trustees are permanent in nature. The TTusiees are volunteers and give theirtime freely. They receive no remuneration or other benefits.
P8ge2of9 STRUCTURE, GOVERNANCE & MANAGEMENT The Al-Farooq Trust is a Trust governed by its constvtution adopted in July 2008. The charity was registered with the Charity Commission in 2008. The trustees meet at regular intervals and are responsible for all decisions in relation to the running of the charity. APPOINTMENT OF TRUSTEES The existing permanent Trustees are solely responsible for the appointment of new Trustees. RISK mANAGEmEr The trustees seek to take no risks with the running of the charity. The finances of the Charity are kept under constant review. ACTIVITIES & ACHIEVEMENTS Since it was formed The Charity has been actively pursuing premises/facilities to deliver its charitable objecknves. As stated in previous years, Annual Reports, The Charity purchased the Christadelphian church on Mill Hill Lane, in December 2015 and has since been modifyingthis to make it suitable as a mosque so that prayers, lectures, religious instructions to children and adults can be delivered. In October 2016 The Trust started to run limited evening classes for children from a nearby mosque, who allowed the use of their premises free of charge. In May 2017 the renovation of the Christadelphian Church was still not completed but sufficient enough to Start the services from there. The renovations have now been completed and the facility 15 fully operational as Masjid Al-Farooq. This financial year (221231 the effort has concentrated on raising fund5 to repay the interest free loans and also a continuation of providing a nurnber of services at Masjid Al-Farooq, including daily prayers, evening education classes and speeches. Fund raising has continued so that we can provide these senfices. to repay interest free loans and continue with the repairlmaintenance of the m05que. As a result the debt with respect to interest free loans has decreased from year 21/22. The financial review is detailed below.
Page3ofg HAN1 REvw The debt with respect to Irrterest free loans has decreased from year 21n2 due to actlve fund rain& effort As at 3V03123 there was £256.580 (xrt5tandi iirterest-free loans stlll to be repaid. Thts has decreased from last year (£286.580). There were no interest free loans received this year. a• £30,LKXJ were repaid. The Totsi Income for Year 22123-£276,745 The Totsl Expermllture for Year 22123_ £167.573 Net rnovernent In funds- £109.190 Funds brought fonvard from last year (21n21- £65.602 The bank Balance plus cash In hand at 31" Marc 2023 wa5 £174.774 DEaARAnOH I dedare In my capaclty as Vke<halr that the Trustees have apPrd the abo¥e report and have authorised me sign o helr behalf. (Sl8nature) DR. M. AASGHAR DATE: 29th January 2024
Page4of9 Respectlve responslbilltle5 of trustees and examiner The charity's trustees are responsible for the prepathon of the accounts. The charity's trustees consider that an audit is not required forthis year {under section 144121 of the Charmes Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibilityto: examine the accounts undersection 145 ofthe2011 Act: tofollowthe procedure Laid down intheGeneral Directions given bythe Charitycommission (under section 14515)Ibl of the Act. and - to state whether particular matters have come to our attention. Basis of independerrt exarnrn8r's statement Our examlnation was carried out in accordance with General Directions given by the Charty Commi&8ion. 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 disclosure in tho accounts. and seeking explanations from the trustees concerning any such matters. The procedures un(Jertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given 8S to ether the accounts present a Irue and tsirview. and the report is limite(i is limited to those matters set out in the statement below. Independent Examiner¥ Statement In connection wtth my examination. no matter has come to my attention (11 wftich gives me reasonable cause to believe that in material respectthe requirements; to keep accounting records in accordancewith section 130 ofthe 2011 Act. and to prep8re accounts which accord with the accounting records and comply wlth the accounting requirements ofthe 2011 Act have not been met. or {21 to which. in my opinion. attention should be (Jrawn in order to enable a proper understanding of the 8ccounts to be reached. (SIGNATURE) 25° January 2024 PROFESSIONAL MEMBERSHIP: INSMT(E OF FINANCIALACCOUNTANTS-Membership No: 192980 RANA AND CO ACCOUNTANTS LIMTED 97WALBROOKROAD DERBY DE23 8SF
Page5of9 AL-FAROOQTRUST {DERBY)-CHARITY NUMBER 1125042 STATEMETrif OF FINANCIAL ACTMTIES FOR THEYEAR ENDED 31 MARCH 2023 Notes 2Y23 21122 Donations + Class Fees 276 200.091 Sale of Equipment 175 Total Incoming Resources 276,745 200291 Charitsble expenditure 2{b}i) 137,57J 3&212 Repayment of Interest Free Loans 61h) 30.0 77.000 Total Resources Expended I6173 110212 Net Movement in Funds 109.172 ,079 Total Funds Brought Forward 44542 BankBalance 31st March 2023 154,n4 Cash in Han(J TOTAL FUNDS 174774
Page6of9 AL-FAROOQ TRUST IDERBY)- CHARITY NUMBER:1125042 BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023 Notes 20231£} 2022(£1 Freehold Land Freehold Buildings Equipment 650,000 550,000 23.OCrf) L223.IX)O 600,000 500,000 24.000 1.124.000 Cash at Bank and in hand 174774 65.602 Interest Free Loans-Qarde Hassanah 61h} 1256,5801 {286.5801 181,8061 1220,9781 6(gi 1.141,194 903.022 Unrestricted Funds Restricted Funds 1,141,194 903,022 Total Funds L141.194 903.022
P8ge7of9 ALAROOQ TRUST DERB NOTES TO FINANCIAL STATEMENT FOR THE YEAR END 31ST MARCH 2023 1. ACCOUNTING POLICIES al Basis of accounting Thes8 accounts have been prepared in accordan with accounting standards. Accounting and Reporting by Charities Statement of Recommended Practise (SORP 2005) and the Charities Act 2022. 2. EXPENDITURE a) Feos for Examining Accounts No fees have been charged for examining these accounts. b) Analysis of Resources Expended l) Charitabla Ex onditure 2Y23 1£) 22.403 1.427 727 21122 {£1 6,659 14,599 115 Building RenovationlRepairs - Labour + Materials Equipment Regulator Fees IOFCOM. ICO etc) Office Supplies CleanSngsupplies & Semces Insurances Utility Bills Bank Charges Broalban(J 374 2.600 3.282 1,473 950 12.711 230 4,526 15 742 715 Madrassah MateriaLslSupplie5 Salaries Cosis lincl PAYE. NIC. Pensions) Professional Selvices IE.gTutorin& Imamat SeNcesl Charity Reb'ef Repayment of Interest Free Loans {Credttorsl Trairbing H&S Equipment and Materials Refund of donation 744 21,534 42.370 31,688 30.000 17, 822 5,707 77.000 170 531 21 TOTAL 167,573 183.384
Pgge8of9 3. FIXED ASSETS Buliding Improvements {£) I,ioo.000 IW,CK)O Equipment 1£) 24.000 li.0) AtOIApri12022 Addition5 Disposals At31 March 2023 1.200.COO 23,000 4. TRUSTEES AND OTHER RELATED MAThERS The Trustees are working purely on a non-paid voluntary basis and no payments are made to Ihem for their time or any business expenses. However, from time lo time there is a need to purchase goodslequipment online and as the Trust has no credit or debit card aangernents, the Trustees occasionally use their own creditldebit cards and are then reimbursed for the expenditures. 5. CONTINGENT UABILrriES No material liabilities existed at the year*nd. 6. DECLARATION a) Char es in Year End The Trustees have estsblished 31sI March as the financial year end. b) Desi nated Funds The Charity does not have designated funds.
Page9ot9 c) Discontinued Continuin and Ac uired O rations The Charity officially started delivering some limtted services which are part of its charitable objecttves in October 2016. These were evening classes for children and were delivered from Jamia Hanfia Tahleemul Islam (26 Western Road Derby DE23 6SE). These premises are not owned by the Al-Farooq Trust. but Jamia Hanfia Management kindly allow the use of the premises free of charge. The mosque ("Masjid Al-Farooq J on Mill Hill Lane was ready for occupation in May 2017 and this was when the SeNiS Started there. The girls evening classes remain at 26 Western Road. d) Inalienable or hlstorlc Assets The 0.5 acre land at Mill Hill Lane Derby and the freehold property adjacent (ex Christadelphian Church) to this land are inalnable assets, which cannot be sold, transferred or given away. These shall remain for use as mosque{s) or mosque(s) construction including provision of vehicle parking for mosque users or any other structures which are needed for Ihe delivery of the Charitys objectives. These assets shall remain solely for the delivery of the charitable objectives of the Al-Farooq Twst. These have ben declared in the balance sheet. e) Intan ible Assets The Charity has no intangible assets fj Subsidiaries The Charity has no subsidiaries g> Uncapitalised Fixed Assets The Charity has no material fixed assets, which have not been capitalised and included in the balance sheet. h) Qarde Hasana The Qarde Hasana loans are interest free and over no fixed time pericxl.