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 page 1 ## **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| page 2 **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 page 3 ## **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 page 4 ## **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 page 5 ## **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. page 6 ## **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| page 7 ## **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| page 8 ## **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| ||||| page 9