Charity number: 1160564
Daarul Arqam Education & Welfare Trust
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2023
Prepared By:
Avalon Partners Ltd 35 Watling St Rd Preston PR2 8EA
Daarul Arqam Education & Welfare Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2023
TRUSTEES
REGISTERED OFFICE
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 31/03/2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 10 |
| Detailed Statement of Financial Activities | 10 |
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Daarul Arqam Education & Welfare Trust
TRUSTEES' REPORT
FOR THE YEAR ENDED 31/03/2023
The trustees present their report and accounts for the year ended 31/03/2023
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was .
STRUCTURE GOVERNANCE AND MANAGEMENT structure and governance text goes here The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 21/12/2023
M Ally Trustee
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Daarul Arqam Education & Welfare Trust
| Statement of Financial Activities for the year ended 31/03/2023 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 assets Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
2023 Total Unrestricted £ 247,336 247,336 570,619 570,619 (323,283) (323,283) 998,980 675,697 |
2022 Total Unrestricted £ 315,207 |
|---|---|---|
| 315,207 | ||
| 60,211 | ||
| 60,211 | ||
| 254,996 | ||
| 254,996 743,985 998,981 |
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 31/03/2023
| BALANCE SHEET AT 31/03/2023 | |||
|---|---|---|---|
| FIXED ASSETS Notes Tangible assets 4 CURRENT ASSETS Debtors (amounts falling due within one year) 5 Cash at bank and in hand CREDITORS: Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 7 NET ASSETS CAPITAL AND RESERVES Unrestricted Funds |
2023 £ 566,296 1,777 452,710 454,487 7,153 447,334 1,013,630 337,933 675,697 **675,697 ** |
2022 £ 444,796 19,703 914,561 934,264 25,079 909,185 1,353,981 355,000 998,981 998,981 |
2022 £ 444,796 909,185 |
| 998,981 | |||
| 998,981 |
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 21/12/2023 and signed on their behalf by
.............................
Trustee
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Daarul Arqam Education & Welfare Trust
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
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 01/04/2022 Additions At 31/03/2023 Depreciation At 31/03/2023 Net Book Amounts At 31/03/2023 At 31/03/2022 |
2023 £ 53,987 2022 £ 30,057 53,987 30,057 2023 No. 8 2022 No. 8 8 8 2023 No. 8 2022 No. 8 Land And Buildings Total £ £ 444,796 444,796 121,500 121,500 566,296 566,296 - - 566,296 566,296 444,796 444,796 |
|---|---|
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Daarul Arqam Education & Welfare Trust
| 5. DEBTORS Amounts falling due within one year: Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans and overdrafts |
2023 £ 1,777 1,777 2023 £ 7,153 7,153 2023 £ 337,933 337,933 |
2022 £ 19,703 19,703 2022 £ 25,079 25,079 2022 £ 355,000 355,000 |
|---|---|---|
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Daarul Arqam Education & Welfare Trust
| Incoming resources Incoming resources from generated funds Incoming Resources for the year ended 31/03/2023 |
2023 £ 247,336 247,336 |
2022 £ 315,207 |
|---|---|---|
| 315,207 |
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Daarul Arqam Education & Welfare Trust
| Expenses for the year ended 31/03/2023 Expenses Costs of generating funds Charitable Activities IT Insurance Repairs and renewals Salaries Prizes Sundry tools and maintenance Charitable donations Books and Materials Sundry expenses |
2023 £ 80 1,637 171,195 53,987 6,494 181 330,875 5,663 507 570,619 |
2022 £ - 1,461 3,241 30,057 7,014 - - 380 18,058 60,211 |
|---|---|---|
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