CHARITY REGISTRATION NUMBER: 1126771 Al Yaqeen Trust Unaudited Financial Statements 31 December 2023 BROOKS CARLING ACCOUNTANTS LIMITED Reporting accountants and independent examiners Highview House, 1st Floor, Tattenham Crescent Epsom Surrey KT18 5QJ Al Yaqeen Trust Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial activities 13 Al Yaqeen Trust Trustees. Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Al Yaqeen Trust Charfty registratlon nurnber 1126771 Prlnclpal offlce Masjid A Yaqeen 28 Warwick Road Redhill RH1 1BU The trustees A Ahmed M Zamir A Jabbar A Zamir Ind8p8nd8nt èxamlnfrr Brooks Carling Accountants Ltd Highview House. 1 st Floor, Tattenham Crescent Epsom Surrey KT18 5QJ Structure, govornance and management The Trust is governed by its conslrtuliorb, a Trust Deed adopted 30 Juty 2008. Objectlves and actlvltles Our objectives are sel to reflect our faith and Community aims. The Trust's principal activity during the year under review wa5 the advancement of the 151amic faith for the benefit of the public In accordance with the tenets and doctnnes of the Holy Qur'an and Sunnah (The practice of the noble prophet Muhammad (peace be upon himl}. Al Yaqeen Trust Trustees. Annual Report (continued) Year ended 31 December 2023 Achigvoments and perfomance The principal activities of Al Yaqeen Tnjst during the financial year were.. al The promotion of any charitsble causes amongst Muslims in United Kingdom and overseas. bl The relief of povety, alleviation of suffefing caused by mental health, social, economic circumstances, emotional, personal and family problems through the counselling service or other means as appropriate. The Friday prayers are attended by around a couple of hundred individuals and an even bigger number in the fasting month of Ramadhan. Fln•n¢lal revlew The charity mel its financial outgoings wlh donations received. In the period there was a nel surplus of £18,13612022.' £20,526). This surplus is being held to secure the continuation of the charity and to ensure that il has sufficient reserves lo meet its future commitments. The property that the Trust occupies has been purchased by the El Rahma Charity Trust. This was done partly wlh a contribution of £101,000 from the Trust. Al Yaqeen Trust has been given sole use of the property for the achievement of ils objectives. Plan8 for futurn porl¢>ds The Trust is in the process of extending ils premises to improve and expand facilities for current worshippers and lo provide more inclusive services lo the IcKal community. Ils plans include.. New ablution facilities, separate for male and female worshippers. New improved healing arsd cooling system to control climate of prayer areas and to provide warm water for ablution. Completion of the works is expected by 2026. The Trust is widening the scope of its education services. Some Arabic language courses commenced this year, with the remainder lo be rolled out within the next year. The Iruslees, annual report was approved on 17 October 2024 and signed on behalf of the board of trustees by.. M Zamir Trustee Al Yaqeen Trust Independent Examiner's Report to the Trustees of Al Yaqeen Trust Year ended 31 December 2023 I report to the Iruslees on my examination of the financial statements of AJ Yaqeen Trust {'the charity'l for the year ended 310ecember 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financ￿1 statements in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examinatson of the charity's financial stalements 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 under section 14515llbl of the Act. Independent examiner's ststement I have completed my examination. I confim) that no material matters have come lo my attention in connection with the examination giving me cause lo beI￿ve that in any material respect.. accounting records were not kept in respect of the chanty as required by sects'on 130 of the Act,. or the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concerning the fomi and conlenl of accounts sel out in the chanb.es (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'true and fairf 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 lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. 8rooks Carling A¢¢ountants Ltd Independent Examiner Highview House, 1st Floor, Tattenham Crescent Epsom Surrey KT18 5QJ Al Yaqeen Trust Statement of Financial Activities Year ended 31 December 2023 2023 Unrestn'cted funds Total funds Totsl funds 2022 Income and endowments Donations and legacies Total income 62,979 62,979 54,026 62,979 62,979 54,026 Expenditure Expenditure on raising funds". Investment management Costs Expenditure on eharrtable 8eb'vilies Total expenditure 2,113 42,730 2,113 42,730 3,442 30,058 44,843 44,843 33,500 Net income and net rnovement in funds 18,136 18,136 20,526 ReconcS11otlon of funds Total funds brought forward Total funds carrled forward 407,425 407,425 386,899 425,561 425,561 407,425 The 51atemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 6 to 11 fom) part of these financial statements. Al Yaqeen Trust Statement of Financial Position 31 December 2023 2023 2022 Fixgd assets Tangible fixed assets 10 222,410 222,410 Current ass915 Debtors Cash at bank and in hand 11 101,000 136,045 101,000 117,468 237,045 218,468 Croditors: amounts falling due within one year Net current assets 12 33,894 33,453 203,151 185,015 Total assets less current liabilities 425,561 407,425 Net assets 425,561 407,425 Funds ofthe charlty Unreslricled funds 425,561 407,425 Total charlty funds 13 425,561 407,425 These financial slalements were approved by the ￿ard of Iruslees and aulhorised for issue on 17 October 2024, and are signed on behalf of the board by.. M Zamir Trustee The notes on pages 6 to 11 fom) part of these financial statements. Al Yaqeen Trust Notes to the Financial Statements Year ended 31 December 2023 Gengral information The charity is a publ￿ benefil entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 28 Warwick Road, Redhill, Surrey, RH1 1 BU. Statement of cornpliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Slalement of Recommended Practi￿ applicable lo chariti'es prepanng their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charitses Act 2011. Accounting pollcles 8a$l$ ol prepar•tlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilrties and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterting, which is the functional currency of the entity. Golng ¢on¢frrn There are no material uncertaintses about the charity's ability lo conts'nue. Fund accountlng Unreslricled funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are Subjected to restnctions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of tsvo sub