**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
1
**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|
2
**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
3
**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|
4
## **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.|
|---|---|---|
5
## **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|
6
## **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.
4. The directors may appoint a person who is willing to act to be a director.
5. 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
7
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).
9
## **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.
10
## **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 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**|**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|
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## **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
**----- End of picture text -----**
12
## **Albarkat Welfare Trust**
## **Income and Expenditure Accounts for the year ended 30[th] November 2024**
## **Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
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
**----- End of picture text -----**
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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|
14
## **Albarkat Welfare Trust**
## **Income and Expenditure Accounts for the year ended 30[th] November 2024**
## **Section C Notes to the accounts**
**----- Start of picture text -----**
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
**----- End of picture text -----**
|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**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**|**Section C Notes to the accounts**|**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|
15
## **Albarkat Welfare Trust**
## **Income and Expenditure Accounts for the year ended 30[th] November 2024 Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
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 - -
**----- End of picture text -----**
|**Section C Notes to the accounts**|**Section C Notes to the accounts**|**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|
16