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2021-04-05-accounts

Al-Furqaan Welfare Trust

Charity No. 1134327

Report of the Trustees

for the Year Ended 5 April 2021

Al-Furqaan Welfare Trust

- Report of the Trustees For the Year Ended 5 April 2021

The Trustees have pleasure in presenting their report for the charity for the year ended 05 April 2021.

Aims and Purpose

The aim is “To relieve poverty, advance education and promote and protect good health in such ways as are charitable within the law of England and Wales and to carry out such other charitable purposes as the trustees shall from time to time consider appropriate”.

Objectives and Activities

In order to achieve this aim, the trustees must apply income generated in the name of the Charity through the following:

Achievements and Performance

– (Existing) Orphanage & School Kissongo, Tanzania

In line with the charity’s primary objective, the charity in the past year has continued to run and maintain its main project, namely the orphanage and school in Kissongo Village, Tanzania. This facility currently provides the following to 192 orphan children (up from 114 children in the last financial year) on its register:

The charity in the past year assumed responsibility for all the financial expenses incurred by the above activities. In addition to this, the charity assumed financial responsibility for the salaries of all staff including teachers, supervisors, cooks and cleaners and for the repairs and maintenance of the orphanage, school and its grounds.

The school in this year was closed for a period of approximately 3 months as due to Covid-19, a lockdown was placed on all schools in Tanzania from the 17[th] of March 2020 to the 29[th] of June 2020. As reported in the last Trustee’s Report, the school was unable to hold its annual graduation ceremony for 2020 due to this however was able to hold it for 2021 on the 21[st] of March 2021.

There were 13 students who completed the memorisation of the Qur’an and a graduation ceremony was arranged with locals and guests from Arusha invited to attend. Sheikh Mustafa Al-Misri, a scholar and lecturer from Arusha was once again invited as the main speaker and guest of honour for the graduation programme. Imam Shoeb, who had travelled to Tanzania from the UK on behalf of the charity was also in attendance and chaired the programme. The programme was concluded with a meal being served to all the guests, students and teachers.

– (New) Orphanage & School Dunga, Zanzibar

The Orphanage and school in Dunga has now been running for 2 years at the end of this financial year after opening its doors in April 2019. The charity was responsible for providing the same facilities as it also provides in the orphanage and school in Kissongo which is as follows:

The number of students at the end of this financial year stood at 98, up from 83 students at the end of the last financial year.

The charity in the past year assumed responsibility for all the financial expenses incurred by the above activities. In addition to this, the charity assumed financial responsibility for the salaries of all staff including teachers, supervisors, cooks and cleaners and for the repairs and maintenance of the orphanage, school and its grounds.

The school in Dunga this year like in Kissongo, was also closed for a period of approximately 3 months due to Covid-19 from the 17[th] of March 2020 to the 29[th] of June 2020. As reported in the last Trustee’s Report, although there were no graduates in the school’s first year, the school was unable to hold its 1[st] annual ceremony in 2020 due to this. However, it was able to hold it for 2021 on the 28[th] of February 2021 with 6 students graduating, after completing the memorisation of the Qur’an, as the first graduates of the school.

The graduation ceremony was arranged with locals and guests from Zanzibar invited to attend. Imam Shoeb, who had travelled to Zanzibar from the UK on behalf of the charity, led the graduation programme with input from local scholars. The programme was concluded with a meal being served to all the guests, students and teachers.

Other Activities

The charity has continued with the various charitable and educational projects it runs, predominantly around the existing school and orphanage in Kissongo. Some of the more significant of these are as follows:

  1. Continued to support over 70 severely deprived ‘single mum families’ in the village of Kissongo with monthly maintenance payments.

  2. Continued weekly lessons on health and hygiene and social, educational and spiritual issues for the local women of Kissongo.

  3. Continued to provide water facilities to a number of remote rural settlements.

Financial Review

The charity had brought forward a balance of £571,528.00 of available funds at the start of this financial year. The charity received funds through donations totalling £120,163.00 and incurred expenses amounting to £117,910. Therefore, the charity has a balance of £573,781.00 available for its charitable activities at the end of this financial year.

Reserves Policy

It is the intention of the trustees to hold in reserve at least £50,000 of unrestricted funds to ensure that any unforeseen circumstances are addressed effectively.

Volunteers

The charity would like to like place on record its thanks to all volunteers who worked tirelessly during the year to ensure its effective running. Al always, special thanks are in order to the trustees who have utilised their own funds to support the aims and objectives of the charity and to develop relationships with NGO’s in Tanzania.

Structure, Governance and Management

The method of appointing trustees is set out in the charity’s Trust Deed document. The trustees are responsible for making decisions of general concern and importance and for ensuring the needs of the charity’s aims and objectives are met.

Administrative Information

Al Furqaan Welfare Trust has its registered office based at 324 Barnsley Road in Sheffield, South Yorkshire.

The trustees who have served from the date that the charity was first established until the date of this report being approved are:

Approved by order of the board of trustees on 04 February 2022 and signed on its behalf by:

Mr Irshad Akbar - Trustee

Al-Furqaan Welfare Trust Charity Reg No. 1134327

Financial Statements

for the Year Ended 5 April 2021

A H Accountancy Services Incorporated Financial Accountants 61A Blagden Street Sheffield South Yorkshire S2 5QS

Al-Furqaan Welfare Trust

Contents of the Financial Statements for the Year Ended 5 April 2021

Page
Trustees Statement 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 8
Detailed Statement of Financial Activities 9

Al-Furqaan Welfare Trust

Trustees Statement

The trustees present their report with the financial statements of the charity for the year ended 5 April 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 1

Independent Examiner's Report to the Trustees of

Al-Furqaan Welfare Trust

Independent examiner's report to the trustees of Al-Furqaan Welfare Trust

I report to the charity trustees on my examination of the accounts of Al-Furqaan Welfare Trust (the Trust) for the year ended 5 April 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Shoakat Zaman A H Accountancy Services Incorporated Financial Accountants 61A Blagden Street Sheffield South Yorkshire S2 5QS

31 January 2022

Page 2

Al-Furqaan Welfare Trust

Statement of Financial Activities for the Year Ended 5 April 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
94,891
EXPENDITURE ON
Charitable activities
School/madrassah in Tanzania
117,910
NET INCOME/(EXPENDITURE)
(23,019)
RECONCILIATION OF FUNDS
Total funds brought forward
303,250
TOTAL FUNDS CARRIED FORWARD
280,231		 Restricted
fund
£
25,272
-
25,272
268,278
293,550		 5.4.21
Total
funds
£
120,163
117,910
2,253
571,528
573,781		 5.4.20
Total
funds
£
146,958
-
146,958
424,570
571,528

The notes form part of these financial statements

Page 3

Al-Furqaan Welfare Trust

Balance Sheet

5 April 2021

Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
280,231
NET CURRENT ASSETS
280,231
TOTAL ASSETS LESS CURRENT
LIABILITIES
280,231
NET ASSETS
280,231
FUNDS
5
Unrestricted funds:
General fund
Restricted funds:
Zakaat fund
TOTAL FUNDS		 Restricted
fund
£
293,550
293,550
293,550
293,550		 5.4.21
Total
funds
£
573,781
573,781
573,781
573,781
280,231
293,550
573,781		 5.4.20
Total
funds
£
571,528
571,528
571,528
571,528
303,637
267,891
571,528

The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2022 and were signed on its behalf by:

Mr Shoeb Desai -Trustee

Mr Irshad Akbar -Trustee

The notes form part of these financial statements

Page 4

Al-Furqaan Welfare Trust

Notes to the Financial Statements for the Year Ended 5 April 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. GRANTS PAYABLE

GRANTS PAYABLE
5.4.21 5.4.20
£ £
School/madrassah in Tanzania 117,715 -

The donations are paid to a School/Madrassah established and operated in Tanzania.

Page 5

continued...

Al-Furqaan Welfare Trust

Notes to the Financial Statements - continued

for the Year Ended 5 April 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

5.

INCOME AND ENDOWMENTS FROM
Donations and legacies
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Zakaat fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Zakaat fund
TOTAL FUNDS		 Unrestricted
fund
£
62,129
62,129
241,508
303,637
At 6.4.20
£
303,250
268,278
571,528
Incoming
resources
£
94,891
25,272
120,163		 Restricted
Total
fund
funds
£
£
84,829
146,958
84,829
146,958
183,062
424,570
267,891
571,528
Net
movement
At
in funds
5.4.21
£
£
(23,019)
280,231
25,272
293,550
2,253
573,781
Resources
Movement
expended
in funds
£
£
(117,910)
(23,019)
-
25,272
(117,910)
2,253

Page 6

continued...

Al-Furqaan Welfare Trust

Notes to the Financial Statements - continued for the Year Ended 5 April 2021

5. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 6.4.19 in funds 5.4.20
£ £ £
Unrestricted funds
General fund 241,508 62,129 303,637
Restricted funds
Zakaat fund 183,062 84,829 267,891
TOTAL FUNDS 424,570 146,958 571,528
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 62,129 - 62,129
Restricted funds
Zakaat fund 84,829 - 84,829
TOTAL FUNDS 146,958 - 146,958
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Zakaat fund
TOTAL FUNDS		 At 6.4.19
£
241,508
183,062
424,570		 Net
movement
in funds
£
39,110
110,101
149,211		 At
5.4.21
£
280,618
293,163
573,781

continued...

Page 7

Al-Furqaan Welfare Trust

Notes to the Financial Statements - continued

for the Year Ended 5 April 2021

5. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Zakaat fund
TOTAL FUNDS		 Incoming
resources
£
157,020
110,101
267,121		 Resources
Movement
expended
in funds
£
£
(117,910)
39,110
-
110,101
(117,910)
149,211

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 5 April 2021.

Page 8

Al-Furqaan Welfare Trust

Detailed Statement of Financial Activities
for the Year Ended 5 April 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Finance
Bank charges
Total resources expended
Net income		 5.4.21
£
120,163
120,163
117,715
195
117,910
2,253		 5.4.20
£
146,958
146,958
-
-
-
146,958

This page does not form part of the statutory financial statements

Page 9

Independent Examiner's Report to the Trustees of Al-Furqaan Welfare Trust

Independent examiner's report to the trustees of Al-Furqaan Welfare Trust

I report to the charity trustees on my examination of the accounts of Al-Furqaan Welfare Trust (the Trust) for the year ended 5 April 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Shoakat Zaman A H Accountancy Services Incorporated Financial Accountants 61A Blagden Street Sheffield South Yorkshire S2 5QS

31 January 2022