Charity number: 1127717
DARASSALAAM
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2021
DARASSALAAM Contents Page For the year ended 31
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
DARASSALAAM Report of the Trustees Continued For the year ended 31
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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A) To protect, preserve, and propagate the beliefs of Islam in accordance with the teachings of the Holy Quran and the example and teachings of Prophet Muhammad (PBUH) and his companions;
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B) To provide places of worship and teaching;
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C) Facilitate five daily prayers, Friday, (Taraweeh) during Ramadan, Eid and Funeral prayers;
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D) Encourage Muslim children and adults to become responsible human beings and to contribute positively to society at large;
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E) Address any matters relevant to Islam and the Muslim community in Peterborough and its environs.
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
The trustees named on page 3 have served throughout the period. Appointment of trustees is governed by the Trust Deed of the Charity. The board of trustees is authorized to appoint new trustees to fill vacancies arriving through resignation or death of existing trustees.
Reserves and Reserves Policy
Darassalaam is committed to using its resources in pursuit of its charitable objects. It is also committed, however, to maintaining a level of reserves that is prudent to meet ongoing liabilities, sufficient to ensure that all service delivery commitments can be met and to protect the long-term future of our operations. Darassalaam's reserves policy seeks to balance these priorities by holding a level of reserves sufficient to:
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Ensure the availability of sufficient working funds in hand;
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Provide a cushion in case of unexpected loss of income to ensure that services can be maintained;
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Provide sufficient funds for an orderly winding-down in the event of a need to cease activity.
The trustees review the situation on a regular basis and take immediate corrective action as and when necessary.
Risk Statement
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate those risks.
Financial Information
Trustees Responsibilities in Relation to the Financial Statements
The Charities Act requires the Committee Members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that period. In preparing those financial statements the Committee Members are required to:
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Select suitable accounting policies, apply them consistently and state them in the financial statements;
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State whether applicable accounting standards have been followed, subject to any material departures
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disclosed and explained in the financial statements; and
· Indicate where the financial statements are prepared other than on the basis that the Trust is a going concern. The Committed Members are responsible for keeping proper books of accounts with respect to the trust's transactions and records of assets and liabilities while maintaining a satisfactory system of internal controls. The Committee Members are also responsible for safeguarding of assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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DARASSALAAM Report of the Trustees Continued For the year ended 31
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity DARASSALAAM Charity registration number 1127717 Principal 80-82 Alma Rd, address Peterborough PE1 3AW
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Ayub Mohammad Mr Ikram ul Haq Mr Iqbal Javed Bhatti Mr Khalid Mahmood Mr Mazhar Azeem Dr Md Akhtaruzzaman Sarker Mr Mohammad Yunas Mr Mohammad Yusaf Independent RH & Co Chartered examiners Accountants 1st Floor 254-256 Lincoln Road Peterborough PE1 2ND
Approved by the Board of Trustees and signed on its behalf by
21 October 2022 ...................................................................... .......
Mr Mohammad Yunas
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DARASSALAAM Independent Examiners Report to the Trustees For the year ended 31
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts 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 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
RH & Co Chartered Accountants 1st Floor 254-256 Lincoln Road Peterborough PE1 2ND
21 October 2022
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DARASSALAAM Statement of Financial Activities For the year ended 31
| Note s Income and endowments from: Donations and legacies 2 Total Other Income City Council Grant HMRC JRS Expenditure on: Raising funds 3 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestrict ed Funds 2021 £ 171,639 171,639 6, 670 26,001 204,310 (132,556) (132,556) 71,754 1,650,266 1,722,020 |
2020 £ 77,461 |
|---|---|---|
| 77,461 | ||
| 10, 000 40,543 |
||
| 128,004 (107,909) |
||
| (107,909) | ||
| 20,095 1,630,171 |
||
| 1,650,266 |
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DARASSALAAM Notes to the Financial Statements For the year ended 31
| Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 9 Net assets The funds of the charity Unrestricted income funds 10 Total funds |
2021 £ 1,717,972 1,717,972 14,006 14,006 (9,958) 4,0 48 1,722,020 - 1,722,020 1,722,020 1,722,020 |
2020 £ 1,708,748 |
|---|---|---|
| 1,708,748 | ||
| 28,946 | ||
| 28,946 | ||
| (34,746) (5,800) |
||
| 1,702,948 | ||
| (52,682) | ||
| 1,650,266 | ||
| 1,650,266 | ||
| 1,650,266 |
The financial statement was approved and authorized for issue by the Board and signed on its behalf by:
Mr Mohammad Yunas Chairman
21 October 2022
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DARASSALAAM Notes to the Financial Statements For the year ended 31
1.Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS
102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
DARASSALAAM meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2.Income from donations and legacies
| Unrestricted funds Donations received Council Grant HMRC JRS Grant xpenditure on generating donations and legacies Unrestricted funds Support costs |
202 1 £ 171,639 6,670 26,001 204,310 202 1 £ 132,556 132,556 |
202 0 £ 77,461 |
|---|---|---|
| 10,000 40,543 |
||
| 128,004 | ||
| 202 0 £ 107,909 |
||
| 107,909 |
3.Expenditure on generating donations and legacies
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DARASSALAAM Notes to the Financial Statements Continued For the year ended 31
| 4.Analysis of support costs Voluntary Income Salary & wages Employer NI contribution Employer Pension contribution Rent & rates Insurance Light & heat Repair & renewals Printing & Stationery Telephone Accountancy & other legal fees Bank charges & mortgage Interest |
202 1 £ 103,314 - 712 1,186 1,996 15,168 5,078 93 362 1,965 1,655 131,529 |
202 0 £ 83,436 - 489 2,560 1,968 12,620 1,798 435 1,600 1,928 |
|---|---|---|
| 106,834 |
5.Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
| 202 1 £ 1,027 |
202 0 £ 1,07~~5~~ |
|---|---|
6.Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
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7. Tangible fixed assets
| Cost or valuation At 01 January 2021 Addition At 31 December 2021 Depreciation At 01 January 2021 Charge for year At 31 December 2021 Net book values At 31 December 2021 At 31 December 2020 Creditors: amounts falling due within one year Other creditors Accruals and deferred income Creditors: amounts falling due after more than one year Loans and overdrafts |
Land and Buildin gs £ 1,702,655 9,500 1,712,155 - - - 1,712,155 1,702,655 |
Fixtures and Fittings £ 19,644 750 20,394 13,550 1,027 14,577 5,817 6,093 202 1 £ 7,658 2,300 9,958 202 1 £ - - |
Total £ 1,722,299 |
|---|---|---|---|
| 10,250 | |||
| 1,732,549 | |||
| 13,550 1,027 |
|||
| 14,577 | |||
| 1,717,972 | |||
| 1,708,748 | |||
| 202 0 £ 32,443 2,300 |
|||
| 34,743 | |||
| 202 0 £ 52,682 |
|||
| 52,682 |
8. Creditors: amounts falling due within one year
9. Creditors: amounts falling due after more than one year
| The following liabilities disclosed under creditors falling due after more than one year a Bank loans and overdrafts |
re secured by the charity: - 52,682 - 52,682 |
re secured by the charity: - 52,682 - 52,682 |
|---|---|---|
| 52,682 |
10. Movement in
| funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| Unrestricted | ||||
| Funds | ||||
| 01/01/202 | resources | resources | 31/12/202 | |
| 1 | 1 | |||
| £ | £ | £ | £ | |
| General | ||||
| Donation | 1,650,266 | 204,310 | (132,556) | 1,722,020 |
| 1,650,266 | 204,310 | (132,556) | 1,722,020 | |
| Unrestricted Funds - Previous year | ||||
| Balance | Incomin | Outgoin | Balance | |
| at | g | g | at | |
| 01/01/20 | resourc | resourc | 31/12/20 | |
| 19 | es | es | 20 | |
| £ | £ | £ | £ | |
| General | ||||
| Donation | 1,630,171 | 128,004 | (107,909) | 1,650,266 |
| 1,630,171 | 128,004 | (107,909) | 1,650,266 |
11. Analysis of net assets between funds
| Unrestricted funds General Donation Previous year Unrestricted funds General Donation |
Tangible fxed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 1,717,972 4,048 - 1,722,020 |
|---|---|
| 1,717,972 4,048 - 1,722,020 |
|
| Tangible fxed assets Net current assets / (liabilitie s) Creditors > one year Net Assets £ £ £ £ 1,708,748 (5,800) (52,682 ) 1,650,266 |
|
| 1,708,148 (5,800) (52,382 ) 1,650,266 |