DARUL ULOOM FOUNDATION Charity Registration Number: 1166881 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 of 12
DARUL ULOOM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Pages Information of financial Statements Report of the Executive Committee Statement of responsibilities of the Committee.. Independent Examiner's Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes lo the Accounts 11-12. Page 2 of12
DARUL ULOOM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 MANAGEMENT COMMITTEE CHAIR PERSON Mr MD Ayub Ali GENERAL SECRETARY MrAnor Miah TREASURER Mr Mohammed Nazir uddin ADDRESS ROSALING GREEN HALL 45-47 STEPNEY GREEN LONDON E1 3JX BANKER HSBC BANK PLC INDEPENOENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Charit '$ Trustees- Mr MD Ayub Ali r Anor Miah Ar Mohammed Nazir uddin Page3of12
DARUL ULOOM FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial statements for the year ended 31 December 2024. Tlie Ti'iistees have adopled tlie provisioiis of tlie Stateiment of Recoinineiided Pi'aclice (SORP) AccoLinting and Reportiiig by Charities iSSLied in ?005 in prepariii(F Ilie aniiLial report aiid fiiiaiicial stateiiieiits of tlie Cliarity. Legal Status: Charity: Registei'ed with the Charity Cominission, Cliarity Nuinber: 1166881 Objects, Principal Activities and Organisation of the Ch41rity Tlie Charity's objects are for tlie beiiefit of tlie inhabitanls of Londoii Boroiigh of Tower Flainlels: and in partiCLilai- iiicmbcrs of tlie MLislirn Miiioriiy Etlinic CommLinilies but exclusively ivlio al-e in liardship by.. l ) The advaneeinenl of ediication in Bangladesli aiid UK. 2) The relief of sickness aiid advaiiceinent of liealthcare in Bangladcsli and UK )) Tlie reliel- of general poveity and sufferiiig in Baiigladesh aiid UK. 4) Sucli charitabll purpose for tlTre beiiefil ii) Bangladesli and UK as are excliisively charitable accordin(J to Ilie law of England and Wales as the truslecs may from time to tiine delerinine. Page4 of12
DARUL ULOOM FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 310ECEMBER 2024 Organisatlon: A Management Committee, the members ofwhich are the trustees manages the affairs ofthe charity The Management Committee manages the business of the charity including the paying of all expenses Trustees: Ti-listees, who al-e all Inernbers ot- Ilie executive coiiiiiiillee, and who sei-ved durinLr tlie year are sei OLIt on page 3. Tlie trustees are ¢l¢cled at tlie AiTrnual General Meeliiig, for iiieinbersliip of tlie Execiitive Coiiiniittee and serve uiitil tlie end of the next AIiiiLial General Meeliiigy, wliere tliey cali staiid for re- election as Ineinbers of tlie new Executive Coinmittee. Triistees responsibilitie5 in relation to the financial statements The coiniiiittee or Triistees are i-eqLiired by cl)cirity's law lo prepare financial staleinenls for eacli financial year whicli give a IrLie and tail view of tlie fiiiancial activities of ihe charity and of its tinaiicial positioii at tli¢ eiid of tliat year. Iii preparing tliose fiiiaiicial stateinents tlie TrLlStees al-e reqLiired to= The Trustees are responsible for preparing the Trustees Annual Report and the Finanaal Statements in ac¢ordan¢e with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Apted Accounting Praclicel. The law applicable to charities in England and Wales requires the Trustees lo prepare Financial Statement5 for each financial year which give a trlie and fair view ol the state of affairs of the charity and of the incoming resources and application OF resources of the charity for that period. In preparing these Financial Stalemenls, the Trustees are required to.. Select suitable accounting policies and then apply them ¢onsislently", Observe the methods and principles in the Charities SORP., Make judgements and accounting estimates that are reasonable and prudent., Prepare the Financial Statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the Financial Statements comply with the Charities Act 2011. The Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities VOLUNTEERS: The Trustees wish lo record their appreciation on behalf of the Char5ty and community for the volunteers who assist in the smooth running of the Charity and are critical in helping lo keeps the running costs down RISK REVIEW: The Trustees have conducted Iheif own review of the major risk5 to which the Charity is exposed and steps have been initiated to rninimise the identified risks. All functions of the Charity are subjected lo periodic review resulting In a process of ongoing improvement. All staff and volunteers are trained and have all the required statutory and regulatory clearances required. Page Sof 12
DARUL ULOOM FOUNDATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased lo note. that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthermore, there were no Exceptions recorded and which gave rise lo the need lor the Trustees lo record on the Charity's Exceptions. Register. RELATED PARTY TRANSACTIONS: During th? year the Charity was under the control of Truslees and Management Committee members as listed above. This report. which has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small companies. No members of the management committee reiVed any remuneration during the year. No trustee or other person related lo the charity had any personal interest in any contract or transaction entered into by the charity during the year. Reserve Policy It is the policy of the charity that unrestricted funds. which have not been designated for a specific use. should be maintained at a level equivalent lo ils expenditure. The Trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding. They will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Centre will actively work lo achieve this level of reserves. INDEPENDENT EXAMINER According to the provi510r15 of the Charities Act 2008 and updated 2011. the Committee has agreed that and audit is not required for this financial year. However due lo provisions of the same act an independent examiner Is required and AM Accountancy Services appointed as external Accountant or Independent Examiner. Transaction and finaneii4 I position The Slalement of Financial Activities shows net surplus for the year of £117,397 and our accumulated funds stand at £400.699 in total. AM Accountancy Services carried out an independent examination of the account5 included in the report. This report. which has been prepared in accordance with the Statement of Recommended Practice {SORPI Accounting and Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Executive Committee on and signed on their behalf. Mr MD AyubAIi (Chairman) Date.. Mr Anor Miah (General Secretary) Dale.. LS Page6of 12
Accountants, Report To the Trustees of DARUL ULOOM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 We report on the accounts for the year ended 310ecember 2024 set out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 lo the financial statements. Respective Responsibilities of Trustees and Accountlrf nts As described 011 page 5 Ilie ti-ustees 1£ re resp0115ible for the preparalioii of tlie fiiiancial statenients, and tliey consider tliat the Ii'usl is exeinpt I roin ali audit. 11 is OLir respoiisibil ily to carry out procedLlI'es desigiied to eiiable us to repoit OLlI- opiiiion to you. Basis of Opinion We conducted our work in accordance with the Statement of Standards for Reporting Accountants. and so our procedures con51sled of comparing the accounts with the accounting records kept by the charity. and making such limited enquiries of the trustees 2nd officers as we considered necessary for the purpose of th15 report. These procedures provide only the assurance expressed in our opinion. Opinion In our opinion.. lal The accounts are in agreemenl with the accounting records kept by the charity under the requirements of the Statement ol Recommended Practice- Accounting and Reporting by Charities". {b} Having regard only to. and on the basis of. the information contained in those accounts" {1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practi- Accounting and Reporting by Charities, and 121 The charity satislied the conditions for the exemption from an audit of the account5 for the year specified in the Charities Act. 131 This unaudited Account we have prepared in accordance with the figure. information and explanation we have received from the management of the current committee. AM ACCOUNTANCY SERVI 43 BEN JONSON ROAD LONDON E14SA AM Accountancy Services 43 Ben Jonson Road London El 4SA Tel: 020 7790 6111 Page7of 12
DARUL ULOOM FOUNDATION Statement of Financial Activities Ilncome & Expense Statement) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total 2023 Notes Unrestricted Restricted Incoming Resources Voluntary income: Gift Aid Projects All Other General Donations Interest received Rental Income 12,308 12,308 3.157 89,111 89.111 71,418 62,290 62.290 36,200 Total Incomin Resources 163.709 163,709 110.775 Resources Expended Direct Charitsble Expendlture Overseas Projects Printing. Postage. Stationery & Advertising Fundraising coslsl TV Promotions Rent, Rates and servi charges Telephone, fax and photocopy Light, Heal and Water Computer l Hosting Fees Insurance Cleaning Wages and Volunteer expenses Events and activities {Proiect Costs) 36,218 36.218 18,008 195 4,275 1,458 5,591 5,591 2,007 378 378 380 1,499 1.499 2,536 Direct charitable ex enditure 43.686 43,686 28,859 Management & Administration Expenses= Accountancy Advertising and promotion Bank charges Travel Legal & Profession Consultant Depreciation Sundry Re ails & Maintenance ana ement & Administration Ex 1,000 1.000 1,000 513 225 35 750 513 225 35 750 915 58 155 2,600 103 2.626 103 2.626 1.057 5,785 enses.. Total Resources Ex ended 46,312 46,312 34,644 Net Incomlng Resources I {resour¢es expended) 117.397 117.397 76,131 Net Movement funds for the period: 117.397 117.397 76.131 Total Funds Brought forward 283,302 283,302 207,171 Balance at 31 December 2024 400.699 400,699 283.302 Page 8 of12
DARUL ULOOM FOUNDATION Summary Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Notes Income Total expenditure Nel Surplus IDeficitl for the financial year 163,709 46,312 117,397 There were no recognised gains other than those included in the Income and Expenditure Account lor current year. Page9of 12
DARUL ULOOM FOUNDATION Statement of Assets & Liabilities l Balance Sheet) As at 31 December 2024 2024 NOTE Fixed Assets Land & Building 771.600 771.600 Current Assets Cash at Bank & in Hand Other Debtor 80.191 186.654 266.845 Current Liabilities Amount falling due lo one year Interest Free Loan Accruals 634.346 3.400 NET CURRENT ASSETS I {LIA8ILITIESI 370,901 TOTAL ASSETS LESS CURRENT LIABILITIES 400,699 FUNDS: Brought Foard 283.302 ExcessllDef5cIII of income over expenditure 117.397 Total Funds 400,699 The financial statements were approved by the Executive Committee and signed on their behalf". MI MD Ayub Ali {Chairpersonl MrAnor Miah (General Secretary) Mr Mohammed Nazir uddin (Treasurer) Date.. L /,,/zf Date. Dale_ The Notes on pages 1010 12 form part of the financial statements. Page 10 of 12
DARUL ULOOM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES Basis of Accounting Basis of accounting The Financial Statements have been prepared under the historical cost convention. as modified by the revaluation of certain fixed assets and investments measured at market value. The Financial Slalemenls have been prepared in accordance with the Financial Reporting Standard for Smaller Entities lelfective January 20151, and the requirements of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities {effective January 20151 (SORP 20151. b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis. c. Donations Donation are recorded on a receipt basis. d. Incoming Resources Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors, conditions have not been fulfilled. then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. e. Resources Expended Resources expÈnded are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered. Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity. they have been apportioned across the cost categories on a basis consistent with the use of those resources. f. Going Concern Basis The financial statements have been prepared on the going concern ba555. as in the opinion of the trustees, there are no issues arising which would suggest any other basis as being more appropriate. g. Administration Costs Administration expenditure includes all expenditure not directly related to the charitable activity. h. Taxation As a charity, they are exempl from tsx on income and gains falling within section 505 of the Taxes Act 1988 or 5256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to Its charitable objects. No tax charges have arisen in the Charity. Page11of12
DARUL ULOOM FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS Net Surplus of the Financial Year The excess of expenditure over income is slated after charging.. 2024 Accountants, remuneration 1,000 Interest Free Loan 2024 Balance at 31 December 2023 555.261 Additions during the year 104.085 Repayments during the year 25,000 Balan at 31 December 2024 634,346 Accruals Accountancy 3,400 3,400 Fundslcapital 2024 Balance al 31 December 2023 283,302 Balance al 1 January 2024 283.302 Excessl (Deficit) of Income over Expenditure 117.397 Balance at 31 December 2024 400,699 Page 12 of 12