OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-09-30-accounts

Charity registration number: 1144475

LUTON DA'WAH ACADEMY

Annual Report and Financial Statements

For the Year Ended

30 September 2023

LUTON DA'WAH ACADEMY

Contents

Page
Reference and Administrative Details 1
Trustees' Report & Statement of responsibilities 2 to 4
Independent Examiner Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Annual Accounts 8 to 10

LUTON DA'WAH ACADEMY Reference and Administrative Details

Trustees M Hussain
H Bali (appointed: 28 January 2023)
Z Khan
A Latif
Principal Office 48 Kingsway
Luton
Beds
LU4 8EH
Charity Registration Number 1144475
Bankers Barclays Bank
28 George Street
Luton
Beds
LU1 2AE
Independant Examiner HA Accountants
26 Leagrave Road
Luton
Beds
LU4 8HZ

1

LUTON DA'WAH ACADEMY

The report of the trustees for the year ended

30 September 2023

The trustees present their annual report and accounts for the year ended: 30 September 2023

Objectives and Activities

Charitable Objectives.

The Charity's is governed by the Memorandum and Articles Incorporated (October 2011).

Aims of Charity

The objectives of the Trust set by the constitution is to provide facility for the Muslim community within Kingsway area of Luton in providing facilities to practice Islam and teach Islamic education in accordance with the Holy Quran and Ahadith within the bounds of AhleSunna Wal Jamaat.

Objectives for the year.

During this year the charity sought to:

Public benefit statement

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit published by the Charity Commission for England & Wales.

The contribution of volunteers

The charity uses the services of volunteers in a number of ways;

Achievements and Performance of the Charity

-The Charity continued to provide service and facilities for the Muslim Community. in the Kingsway and wider Luton Area.

Review of charitable activities undertaken by the charity

The main activities during the year were:

Financial Review

During the year, the Charity income was £70,598 (2022: £77,661) and after spend of £69,572 (2022: £79,676) the carry forward reserves stood at (£96,972) (2022: (£97,998)) .

Policy on reserves

The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead.

Current reserves are adequate based on our knowledge and experiance.

Principle funding sources

The principal income was generated through donations from public who attend the Masjid accordance with the objectives of the charity. The principal expenditure related to the cost of providing facilities to the Muslim community of Luton.

Plans for future periods

The Charity will also continue to look at options to diversify in delivering the its aims & objectives.

2

LUTON DA'WAH ACADEMY

The report of the trustees for the year ended

30 September 2023

Structure, Governance and Management

Nature of the Governing Documents and constitution of the charity

The Charity is an incorporated limited company governed by the Memorandum and Articles Incorporated adopted on October 2011 Eligibility for membership of the charity, and membership of the board of trustees is set out in governing document. There are no restrictions in the on the operation of the charity or on its investment powers, other than those imposed by general charity law.

Recruitment and appointment of new trustees

New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.

Induction and training of trustees.

We have at the moment no policy or procedure for the training of trustees, other than the "do's and don'ts" publication provided by the charity.

Organisational structure and management.

Trustees meet regularly on a monthly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies is carried out by trustees.

The Trustees undertake all final decisions with implementation being delegated amongst each other.

Membership of a wider network

The charity has no responsibility for nor is it answerable to any other organisation.

Related parties

Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.

Risk Management

The trustees acknowledge their responsibilities for establishing a risk management system and satisfield that appropriate systems and procedures are under development and continue to keep the strategic, business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.

3

LUTON DA'WAH ACADEMY

30 September 2023

The report of the trustees for the year ended

Statement of Trustees' Responsibilities

The Charities Acts require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act.

They 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.

The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner/ auditor in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 02 May 2024

M Hussain Trustee

4

Independent Examiners Report on the Accounts

Report to the trustees/members of: LUTON DA'WAH ACADEMY On accounts for the year ended: 30 September 2023 Charity no: 1144475 Set out on pages: 6 to 10

I report to the trustees on my examination of the accounts of the above charity for the year ended 30th September 2023.

Responsibilites and basis of report

As the charity's trustees, 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 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 examiner's statement

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

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.

Name: M A Haque Bsc, MBA, FFA

HA Accountants 26 Leagrave Road Luton Beds LU4 8HZ

02 May 2024

5

LUTON DA'WAH ACADEMY

Statement of Financial Activities For the Year Ended 30 September 2023

Notes
Income and Endownments from
Donations/legacies and other
Income
2
RESOURCES EXPENDED
Cost of charitable activities
Governance costs
3
Total funds carried forward
Total incoming resources
Total resources expended
Net movement in funds
Total funds brought forward		 Unrestricted
funds
Total Funds
2023
£
£
70,598
70,598
70,598
70,598
69,572
69,572
0
0
69,572
69,572
1,026
1,026
(97,998)
(97,998)
(96,972)
(96,972)		 Last Year
Total
Funds
2022
£
77,661
77,661
79,676
0
79,676
(2,015)
(95,983)
(97,998)

The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for of Accounting and Reporting issued by the Charity Commission for Engtand & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said statement.

All activities derive from continuing operations

The notes on pages 8 to 10 form an integral part of these accounts

6

LUTON DA'WAH ACADEMY BALANCE SHEET

As at 30 September 2023

2023
Notes
£
The assets and liabilities of the charity:
Current Assets
5,054
5,054
5
(6,526)
(1,472)
(1,472)
6
(95,500)
(96,972)
The funds of the charity:
8
(96,972)
(96,972)
Trustee
The notes on pages 8 to 10 form an integral part of these accounts.
Cash at bank and in hand
Creditors: amounts falling due
within one year
Net Current Assets
M Hussain
Approved by the board of trustees on 02 May 2024
Total assets less current liabilities
Creditors: amounts falling due
after more than one year
Total Net Assets
Unrestricted income funds
Total charity funds		 5,599
5,599
(10,597)
(97,998)		 2022
£
(4,998)
(4,998)
(93,000)
(97,998)
(97,998)

7

LUTON DA'WAH ACADEMY Notes to the Accounts For the Year Ended 30 September 2023

1 Accounting policies

Statement of compliance

These accounts have been prepared in accordance with 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)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The Charity meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and therefore not included a cash flow statement in these accounts.

Going concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Going concern

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Fixed assets and depreciation

All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depreciation. Items of less than £1000 are not capitalised.

Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if it does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditinal right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Funds stucture policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.

8

LUTON DA'WAH ACADEMY

Notes to the Accounts For the Year Ended 30 September 2023

2 Incoming resources
Voluntary income
General Donations
Other Income
Grants
3 Resources expended
Charitable activities:
Staff Cost
Premises Cost
Rent
Non Domestic & Water Rates
Light & Heat
Repairs & Maitenance
Administrative expenses
Bank Charges
Insurance
Printing & Stationary
Telephone
Others
Other Legal & Professional Fees
Donations
Governance costs:
Accountancy/ Internal Examiner
4 Staff Costs and Emoluments
Gross Salaries
Employer's National Insurance
Numbers of full time employees or full time equivalents
Engaged on charitable activities
Administration
There were no fees or other remuneration paid to the trustees
There were no employees with emoluments in excess of £60,000 per annum		 2023
£
70,598
70,598
0
0
2023
£
17,203
17,203
24,000
132
15,611
7,989
47,732
104
1,650
124
865
2,743
794
1,100
1,894
69,572
0
2023
£
17,203
0
17,203
2023
£
2
1		 2022
£
76,163
76,163
1,498
1,498
2022
£
32,786
32,786
24,000
1,240
15,939
2,895
44,074
286
1,566
180
784
2,816
0
0
0
79,676
0
2022
£
32,786
0
32,786
2022
£
2
1

9

LUTON DA'WAH ACADEMY

Notes to the Accounts For the Year Ended 30 September 2023

5 Creditors: amounts falling due within one year
2023
£
Trade creditors
6,526
6,526
6 Creditors: Amounts falling due after one year
2023
£
Loans- Qurze Hasna
95,500
95,500
Qarze Hasna is unsecured and interest free money loaned to the charity by members of the public with n
fixed repayment terms.
7 Analysis of the Net Movement in Funds
2023
£
Net movement in funds from Statement of Financial Activities
1,026
Net movement in funds available for future activities
1,026
8 Net Assets by fund
Unrestricted
Restricted
Total Funds
funds
funds
2023
£
£
£
Current Assets
5,054
-
5,054
Current Liabilities
(6,526)
-
(6,526)
Long Term Liabilities
(95,500)
-
(95,500)
(96,972)
-
(96,972)		 2022
£
10,597
10,597
2022
£
93,000
93,000
o
2022
£
(2,015)
(2,015)
Total Funds
2022
£
5,599
(10,597)
(93,000)
(97,998)

9 Related Party Transactions

No fee or expenses were paid to trustees or persons connected with them

10