2024-11-30-accounts - Albarkat Welfare Trust

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Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Charity Assist Accountants Ltd

Certified Public Accountants and Charity Independent Examiners

Unit 27 Batley Enterprise Centre

513 Bradford Road Batley West Yorkshire

WF17 8LL

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Contents	Page
Basic information	3
Trustees annual report	4-8
Independent examiner’s report	9-10
Income and expenditure accounts	11-12
Notes to the accounts	13-16

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Basic information

Address

2C Moat Road LEICESTER LE5 5EF

Bank

Al Rayan bank 24a Calthorpe Road Birmingham B15 1RP

Accountants

Charity Assist Accountants Ltd Unit 27, Batley Enterprise Centre

Batley

WF17 8LL

Company registration number

06739635

Charity registration number

1126870

Albarkat Welfare Trust Income and Expenditure Accounts for the year ended 30[th] November 2024

Trustees’ annual report (including Directors’ report) for the period

From: 1[st ] December 2023 To: 30[th] November 2024

Charity name: Albarkat Welfare Trust

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The principal objects of Albarkat Welfare Trust are: 1. To relieve the poor, the elderly, the children and all those who are in need in any part of the world by the provision of financial or other assistance including but not limited to medicines, shelter, furniture, food, clothing, sanitation, clean drinking water, the construction of hospitals, medical centres and education centres as the trustees in their discretion think fit. 2. To advance the Islamic religion in accordance with the teachings of the Quran and the teachings of the prophet Muhammad (SAW - peace be upon him) and the Sahabah-e-Keraam (R.A.A.) according to the interpretation and accepted view of the Ahlus Sunnah Wal Jamaa-ah and as expounded by the teachings of Ala' Hazrat Imam Ahmed Raza Khan Barelvi (alaihi rehma).
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	To relieve the poor, the elderly, the children and all those who are in need in any part of the world by the provision of financial or other assistance. To advance the Islamic religion in accordance with the teachings of the Quran and the teachings of the prophet Muhammad (SAW - peace be upon him).
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Directors are responsible for preparing the Directors Annual Report and the Financial Statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally

Albarkat Welfare Trust Income and Expenditure Accounts for the year ended 30[th] November 2024

Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). In preparing the financial statements, the directors are required to: • Select suitable accounting policies and then apply them consistently; • Make judgements and estimates that are reasonable and prudent; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2011 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). The directors 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.

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity managed to raise donations which has helped them towards their charitable objects. The charity managed send grants to India, Lebanon and Turkey during the year.

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity is showing a surplus on the movement in funds.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity does not have a reserves policy at the moment, this will be reviewed in future.
Amount of reserves held	Para 1.22	£0

Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example, trust deed, memorandum and articles of association etc	Para 1.25	24 November 2008 Standard registration
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	Albarkat Welfare Trust is a private company, limited by guarantee. It is was registered on the 24thof November 2008 as a standard registration on charity commission.
Director selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more directors	Para 1.25	1. The charity may by ordinary resolution: • Appoint a person who is willing to act to be a director; and • Determine the rotation in which any additional directors are to retire 2. No person other than a director retiring by rotation may be appointed a director at any general meeting unless: i. He/she is recommended for re-election by the directors; or ii. Not less than fourteen nor more than thirty- five clear days before the date of the meeting, the charity is given a notice that: a) Is signed by a member entitled to vote at the meeting b) States the member’s intention to propose the appointment of a person as a director c) Contains the details that, if the person were to be appointed, the charity would have to file at Companies House; and d) Is signed by the person who is to be proposed to show his or her willingness to be appointed. 3. All members who are entitled to receive notice of a general meeting must be given

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

not less than seven nor more than twentyeight clear days’ notice of any resolution to be put to the meeting to appoint a director other than a director who is to retire by rotation.

The directors may appoint a person who is willing to act to be a director.
The appointment of a director, whether by the charity in general meeting or by the other directors must not cause the number of directors to exceed any number fixed as the maximum number of directors.

Reference and administrative details

Charity name	Albarkat Welfare Trust
Other name the charity uses
Registered charity number	1126870
Charity’s principal address	2C Moat Road LEICESTER, LE5 5EF

Trustee name Name of person (or body) entitled to appoint trustee (if any) 1 Hafiz Mohammed Khalid 2 Riyaz Yakub Bhikha 3 Mohamed Turan Boodhoo

– Corporate trustees names of the directors at the date the report was approved

Director name

Hafiz Mohammed Khalid Riyaz Yakub Bhikha Mohamed Turan Boodhoo

Albarkat Welfare Trust enditure Accounts for the th ear ended 30 November 2024 Income and Ex Declarations The company has tsken advantage of the small companlos, oxompllon In preparlng the report above. The trustee8 declara that thèy have approved the tru8tee8' rnport Ilncludlng dlrectors. report) aljove. Slgned on behalf of the charlty's trustee8ldlrectorn Slgnature(s) Full namels) Posftlon (for oxample Secretary, Chalr, etc) Hafiz Mohammed KhalKI Chairman Dato 29108125

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the Albarkat Welfare Trust trustees/directors/ members of On accounts for the 30[th] of November 2024 period ended Charity no.: 1126870 Company no.: 06739635

Set out on pages 11-12

I report to the charity trustees on my examination of the accounts of the Company for the period ended 30/11/2023.

Responsibilities and As the charity’s trustees of the Company (who are also the directors of the basis of report company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or

•the accounts have not been prepared in accordance with the Charities SORP (FRS102).

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

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.

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Charity Name Albarkat Welfare Trust	Charity Name Albarkat Welfare Trust	Charity No	1126870	1126870
		Company No	06739635
Annual accounts for the period
Period start date	01.12.23	To	Period end date	30.11.24

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prior year funds
		£	£	£	£	£
Income (Note 3)		F01	F02	F03	F04	F05
Income and endowments from:
Donations and legacies	S01	17,570	249,103	-	266,673	456,865
Charitable activities	S02	-	-	-	-	-
Other trading activities	S03	-	-	-	-	-
Investments	S04	2,905	-	-	2,905	225
Separate material item of income	S05	-	-	-	-	-
Other	S06	-	-	-	-	-
*Total*	S07	20,475	249,103	-	269,578	457,090
Expenditure (Notes 6)
Expenditure on:
Raising funds	S08	-	-	-	-	-
Charitable activities	S09	3,529	156,414	-	159,943	329,977
Separate material expense item	S10	-	-		-	-
Other	S11	548	-	-	548	1,992
*Total*	S12	4,077	156,414	-	160,491	331,969

Net income/(expenditure) before tax for the reporting period	S13	16,398	92,689	-	109,087	125,121
Taxpayable	S14	-	-	-	-	-
Net income/(expenditure) after tax before investment gains/(losses)	S15	16,398	92,689	-	109,087	125,121
Net gains/(losses) on investments	S16	-	-	-	-	-
Net income/(expenditure)	S17	16,398	92,689	-	109,087	125,121
Extraordinary items	S18	-	-	-	-
Transfers between funds	S19	-	-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use	S20	-	-	-	-	-
Other gains/(losses)	S21	-	-	-	-	-
*Net movement in funds*	S22	16,398	92,689	-	109,087	125,121

*Reconciliation of* *funds:*
Total funds brought forward	S23	7,095	281,018	-	288,113	162,992
*Total funds carried forward*	S24	23,493	373,707	-	397,200	288,113

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Charity Name Albarkat Welfare Trust Charity No 1126870 Company No 06739635

Section B Balance sheet

----- Start of picture text -----
Unrestricted Restricted income Endowment Total this Total last
funds funds funds year year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - -
Tangible assets (Note 14) B02 - - - - -
Heritage assets (Note 16) B03 - - - - -
Investments (Note 17) B04 - - - - -
Total fixed assets B05 - - - - -
Current assets
Stocks (Note 18) B06 - - - - -
Debtors (Note 19) B07 27,570 - - 27,570 10,000
Investments (Note 17.4) B08 - - - - -
Cash at bank and in hand (Note 24) B09 - 372,155 - 372,155 281,018
Total current assets B10 27,570 372,155 - 399,725 291,018
Creditors: amounts falling due
within one year (Note 20) B11 2,525 - - 2,525 2,905
Net current assets/(liabilities) B12 25,045 372,155 - 397,200 288,113
Total assets less current liabilities B13 25,045 372,155 - 397,200 288,113
Creditors: amounts falling due after
one year (Note 20) B14 - - - - -
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 25,045 372,155 - 397,200 288,113
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 372,155 372,155 281,018
Unrestricted funds B19 25,045 - 25,045 7,095
Revaluation reserve B20 -
Fair value reserve B21
Total funds B22 25,045 372,155 - 397,200 288,113
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies
Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to
the small companies regime and in accordance with FRS102 SORP.
Guidance Note
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Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Section C Notes to the accounts (cont)

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Note 3 Income
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 175,745 - 175,745 446,865
and Gift Aid 17,570 - - 17,570 10,000
legacies: Legacies - - - - -
General grants provided by government/other - 73,358 - 73,358 -
Membership subscriptions and sponsorships
which are in substance donations - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 17,570 249,103 - 266,673 456,865
Total - - - - -
Income from Interest income 2,905 - - 2,905 225
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 2,905 - - 2,905 225
TOTAL INCOME 20,475 249,103 - 269,578 457,090
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Section C Notes to the accounts (cont)

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024


Note 6	Expenditure
	Analysis of expenditure	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prioryear
					£	£
Expenditure on charitable activities	Accountancy fees	1,550	-	-	1,550	1,350
	Annual return	300	-	-	300	125
	Governance fees	70			70
	Grants India	-	71,592	-	71,592	106,719
	Grants Lebanon	-	84,822	-	84,822	144,155
	Grants Turkey	-			-	74,421
	Independent examination	675	-	-	675	525
	Printing	164			164	75
	Travelling expenses		-	-	-	607
	Website	2,000			2,000	2,000
	Write offs/discounts	- 1,230	-	-	- 1,230
	Total expenditure on charitable activities	3,529	156,414	-	159,943	329,977


Other	Paypal fees	105	-	-	105	340
	Stripefees	444	-	-	444	1,652
			-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total other expenditure	548	-	-	548	1,992

TOTAL EXPENDITURE		4,077	156,414	-	160,491	331,969

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024

Section C Notes to the accounts

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Note 10 Details of certain types of expenditure
Note 10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of
accounts and other services provided by your independent examiner. If nothing
was paid please enter '0' in the appropriate box(es).
This year Last year
£ £
Independent examiner’s fees
675 525
Assurance services other than independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services)
paid to the independent examiner
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Section C Notes to the accounts	(cont)	(cont)

Note 19 Debtors and prepayments *Please complete this note if the charity has any debtors or prepayments.* 19.1 Analysis of debtors
	This year	Last year
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors (HMRC gift aid )	27,570.0	10,000.0
Total	27,570.0	10,000.0

Section C Notes to the accounts	(cont)	(cont)

Note 19 Debtors and prepayments *Please complete this note if the charity has any debtors or prepayments.* 19.1 Analysis of debtors
	This year	Last year
	£	£
Trade debtors	-	-
Prepayments and accrued income	-	-
Other debtors (HMRC gift aid )	27,570.0	10,000.0
Total	27,570.0	10,000.0

Albarkat Welfare Trust

Income and Expenditure Accounts for the year ended 30[th] November 2024 Section C Notes to the accounts (cont)

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Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
Accruals for grants payable
Bank loans and overdrafts - - - -
Trade creditors - - - -
Payments received on account for contracts
- - - - -
or performance related grants
Accruals and deferred income 2,525 2,905 - -
- - - -
Taxation and social security
Other creditors - - - -
Total 2,525 2,905 - -
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Section C Notes to the accounts	(cont)	(cont)

Note 24 Cash at bank and in hand
	This year	Last year
	£	£
Short term cash investments (less than 3 months maturity date)	-	-
Short termdeposits	-	-
Cash at bank and on hand	372,155	281,018
Other	-	-
Total	372,155	281,018