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 page 1 ## **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| page 2 ## **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 page 3 ## **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 page 4 ## **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 page 5 ## **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. 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 01/04/2022
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| |---|---| page 7 ## **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| |---|---|---| page 8 ## **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| page 9 ## **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| |---|---|---| page 10