2021-03-31-accounts

Charity number: 1160564

Daarul Arqam Education & Welfare Trust

UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2021

Prepared By: Avalon Partners Ltd 35 Watling St Rd Preston PR2 8EA

Daarul Arqam Education & Welfare Trust

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2021

REGISTERED OFFICE

283 Watling Street Rd Preston PR2 1AB

CHARITY NUMBER

1160564

ACCOUNTANTS

Avalon Partners Ltd 35 Watling St Rd Preston PR2 8EA

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Daarul Arqam Education & Welfare Trust

ACCOUNTS

FOR THE YEAR ENDED 31/03/2021

CONTENTS

	Page
Report of the Trustees	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6 to 11
Detailed Statement of Financial Activities	10

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Daarul Arqam Education & Welfare Trust

TRUSTEES' REPORT FOR THE YEAR ENDED

31/03/2021

The trustees present their report and accounts for the year ended 31/03/2021

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was to provide education to members of the public.

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing CIO document, registered with the Charity Commission.

Risk management

The Trustees identify and review the risks to which the charity is exposed and ensure that controls are in place to provide appropriate and reasonable assurance against fraud and error. The trustee beloved that they have sufficient control in place to safeguard the assets of the Charity.

The charity had a very successful year in providing education to our students in our community, the students achieving satisfactory results and education. In large number of cases, exceeding our expectation. We will continue to provide good education.

In terms of our finances. These have been strong and stable and we look forward to continuing this work.

This report was approved by the Board of Trustees on 27/12/2021

M Ally

M Ally Trustee

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Daarul Arqam Education & Welfare Trust

Statement of Financial Activities for the year ended 31/03/2021 Income Income from generated funds Donations and legacies Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward	Unrestric ted funds £ 209,217 209,217 68,336 68,336 140,881 140,881 603,103 743,984	Restricte d funds £ -	2021 Total £ 209,217	2020 Total £ 149,930
		-	209,217	149,930
		-	68,336	82,034
		-	68,336	82,034
		-	140,881	67,896
		- -	140,881 603,103	67,896 535,207
		-	743,984	603,103

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

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Daarul Arqam Education & Welfare Trust

BALANCE SHEET AT 31/03/2021 FIXED ASSETS Notes Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 6 NET ASSETS CAPITAL AND RESERVES Unrestricted funds	2021 £ 425,000 604,604 604,604 24,615 579,989 1,004,989 261,004 743,985 743,985	450,443 450,443 22,336	2020 £ 425,000 428,107
			853,107 250,004
			603,103
			603,103

These accounts have been prepared in accordance with the provisions applicable to charities.

Approved by the board of trustees on 27/12/2021 and signed on their behalf by

M Ally

.............................

M Ally - Trustee

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Daarul Arqam Education & Welfare Trust

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2021

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

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.

1d. Allocation And Apportionment Of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. 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.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

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Daarul Arqam Education & Welfare Trust

2. DIRECTORS AND EMPLOYEES

Particulars of employees (including directors) are shown below:

Employee costs during the year amounted to: Wages and salaries The average weekly numbers of employees during the year were as follows: Management and administration 3. EMPLOYEES Average number of employees 4. TANGIBLE FIXED ASSETS Cost At 01/04/2020 At 31/03/2021 Depreciation At 31/03/2021 Net Book Amounts At 31/03/2021 At 31/03/2020	2021 £ 48,055 48,055 2021 No. 8 8 2021 No. 8 Land And Buildings £ 425,000 425,000 - 425,000 425,000	2021 £ 48,055 48,055 2021 No. 8 8 2021 No. 8 Land And Buildings £ 425,000 425,000 - 425,000 425,000	2020 £ 56,457
			56,457
			2020 No. 10
			10
			2020 No. 10 Total £ 425,000
			425,000
			-
			425,000
			425,000

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Daarul Arqam Education & Welfare Trust

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts Other creditors 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans and overdrafts	2021 £ 2,279 22,336	2020 £ - 22,336
	24,615	22,336
	2021 £ 261,004	2020 £ 250,004
	261,004	250,004

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Daarul Arqam Education & Welfare Trust

Incoming resources Incoming resources from generated funds Incoming Resources for the year ended 31/03/2021 Expenses for the year ended 31/03/2021 Expenses Costs of generating funds Charitable Activities Insurance Water rates Heat and light Repairs and renewals Salaries Prizes Post, stationery & office supplies Travel Telephone Charitable donations Books and Materials Sundry expenses		2021 £ 209,217 209,217 68,336 2021 £ 1,260 - - 2,404 48,055 10,140 - - - 5,530 947 - 68,336	2020 £
			149,930
			149,930
			2020 £ 7,202 217 467 10,305 56,457 545 1,010 238 295 2,090 2,960 248
			82,034
			82,034

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