Charity number.. 1160564 Daarul Arqam Education & Welfare Trust UNAUDITED A¢¢OUNTS FOR THE YEAR ENDED 3110312024 Prepared By.. Avalon Partners Ltd 35 Watling St Rd Preston PR2 8EA
Daarul Arqam Edu¢atlon & Welfare Trust FINANCIAL STATEMENTS FOR THE YEAR ENDED 3110312024 TRUSTEES MJAIIY M J Bhikha A Ajly REGISTERED OFFICE 283 Watling Stoet Rd Fulwood Pston PR2 8AB CHARITY NUMBER 1160564 ACCOUNTANTS Avalon Partners Ltd 35 W8ding St Rd Preston PR2 8EA page 1
Daarul Arqam Educatlon & welfa Trust ACCOUNTS FOR THEYEAR ENDED 3110312024 CONTENTS Page Report of the Trustees Statement ol Financ481 Activrties Balan Sheet Notes to the Accounts 6t010 Detailed Statement of Financial Activrties page 2
Daarul Arqam Educatlon & welfa Trust TRUSTEES. REPORT FOR THEYEAR ENDED 3110312024 The trustees presenttheir report and accounts for the yearended 3110312024 PRINCIPAL ACTIVITIES To advance the education of the public in particular children, through leaning and teaching. STRUCTURE GOVERNANCE AND MANAGEMENT The Charity 1$ a registered charity In England and Wales and operates as a ¢harltable Incorporated Organisation ICIOI. The charity is governed by a Board of Trustees who bring a diverse range of skills and experience. Trustees are appointed in accordance with the charity's governing document. The report was prepared in accordants with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 31° March 2025 M Ally Trustee page 3
Daarul Arqam Educatlon & welfa Trust Statement of Financial Activities forthe year ended 3110312024 2024 2023 Unrestric Restricte ted funds d funds Total Total Income Income from generated fvnds Donations and legacie5 Total In¢ome and endovmients 163,636 163,638 163,636 247,336 163,636 247.336 Expenses Costs of generating funds Expenditure on Ch8rrt8b arVitieS Total Exp8ns85 Net gain8 on investments Net Income 148.346 148,346 148.346 570.619 148,346 570,619 16,290 16,290 1323,2831 Gain511105S851 on revaluation of fixed assests Net movement in funds= Net income for the year Total fvnd5 brought forward Netfunds carried forward 16,290 998,980 1,014,270 16,290 1323.2831 998,980 998.980 1.014,270 675,697 Thi5 Statement of financial activities indudes all gain5 and losses recognised in the year. All income and expenditure derive from continuing activiti88 page 4
Daarul Arqam Educatlon & welfa Trust BALANCE SHEET AT 3110312024 2024 2023 Notes FIXED ASSETS Tangible a55et5 CURRENT ASSETS 444,796 556,296 Debtors (amounts falling due within one yearl Cash at bank and in hand 1.778 929.850 931.628 7.153 1,777 452.710 454,487 7,153 CREDITORS- Amounts falling due within one year NET CURRENT ASSETS 924,475 1,369.271 447,334 1,013.630 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS.. Amounts falling due after more than one year NET ASSETS 355,000 337,933 1,014,271 675,697 CAPITAL AND RESERVES 1.014.271 675.697 Forthe year ending 3110312024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companie5. The members have not required the company to obtain 8n audit in accordance with section 476 ofthe Companies Act 2006 The director5 acknowledge their responsibilities forcomplying with the requirements ofthe Actwith respectto accounting records and the preparation of accounts. These accounts have been prepared In aCCordanWIth the provisions applicable to companies subjectto the small companies regime. Approved by the board oftru5tegs on and signed on th8ir bghalf by M Ally Trustee page 5
Daarul Arqam Educatlon & welfa Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3110312024 1. ACCOUNTING POLICIES 1a. Basis Of Accounting The accounts have been ppared underthe historical cost Convention. The accounts have been prepared in accordan with FRS102- The Financial Reporting Stsndard applicable in the UK and Republic of Ireland and the Cornpanies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 1b. Incoming Resources All incoming resour¢e$ 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. Resource8 Expended Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost lated 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. Allo¢atlrJn And Apportlonment Of Co$ts All costs r8lat8 to the sing18 activity of the charitab18 company and are r8cognis8d accordingly. le. Fund Accounting Unrestricted funds Can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used lor particular restricted purposes within the objects of the ch8rity. Restrictions arise when specified by the donor or when fvnds are raised for particular restricted purposes. Designated fvnds are funds set aside by the trustees out of Un$tcted general funds for the specific future purposes or projects. 1f. Depre¢latlon Depreciation h88 been provided at the following rates in order to write off the assets overtheir estimated useful lives. page 6
Daarul Arqam Educatlon & welfa Trust 2. EMPLOYEES 2024 2023 Average number ofemployees 3. TANGIBLE FIXED ASSETS Land And Building5 Total At 0110412023 444,796 444,798 556.296 556.296 At 3110312024 Depreciation At 3110312024 N8t Book Amounts At 3110312024 444,796 444,798 556.296 444.796 At 3110312023 DEBTORS 2024 2023 Amounts falling due within one year.. Other debtors 1,778 1,778 1,777 19,704 5. ¢REDrroRS.' AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 other creditors 7,153 7,153 7,153 25,079 6. cREDoRs.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans and overdrafts 355.000 355.000 337,993 337,993 page 7
Daarul Arqam Educatlon & welfa Trust Expenses for the year ended 3110312024 2024 2023 Expenses Costs of generating funds Charitable Activities Insurance 1.637 171.195 53,987 6.494 330,875 5,663 768 Repairs and renewal8 Salaries Laundry Charitable donstK)n5 922 30.252 1.363 111,000 2.179 2.630 148.346 Trade literature Sundry expenses 570,619 148346 570619 page 8