Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name ZUHRI TRUST members of On accounts for the year 31/03/2023 Charity no 1167854 ended (if any) Set out on pages 1-6 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:[MSuleman ] Date: 24/01/2024 Name: M.SULEMAN Relevant professional ACCOUNTANT qualification(s) or body (if any):
Address: c/o FUSION ACCOUNTING LTD 398A EAST PARK ROAD LEICESTER LE5 5HH
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
October 2018
IER
1
Give here brief details of any items that the examiner wishes to disclose .
October 2018
IER
2
CHARITY REGISTRATION NUMBER 1167854 ZUHRI TRUST
FINANCIAL STATEMENTS 31 MARCH 2023
ZUHRI TRUST
FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2023 CONTENTS PAGE
Trustees Annual Report Statement of Financial Activities 4 Balance Sheet 5 Notes 6-9
ZUHRI TRUST
TRUSTEES ANNUAL REPORT PERIOD TO 31 MARCH 2023
The Trustees have pleasure in presenting their report and the unaudited financial statements of the Charity for the period to 31 MARCH 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name ZUHRI TRUST
CHARITY REGISTRATION number 1167854
Registered office: 24 Crawley Green Road, Luton, LU2 0QX
THE Trustees
The Trustees who served the charity during the period were as follows: MO ENAMUL HOQUE FARHAN (appointed 16/07/2021) MR ATIF MAHMOOD (resigned 19/07/2021) MR MUHAMMAD RAYHAN MR MUHAMMED ZILLUL HAQUE MR SAQIB MAHMOOD MR SHAHID MAHMOOD
Charity advisors
Fusion Consulting Services Ltd 398A East Park Road, Leicester, LE5 5HH
STRUCTURE, GOVERNANCE AND MANAGEMENT
ZUHRI TRUST is a Charitable Incorporation Organisation (CIO) governed by its Constitution executed on the 27[th] June 2016 and registered with the Charity Commission on the 27[th] June 2016.
OBJECTIVES AND ACTIVITIES
The objectives of the organisation, as set out in its governing document are:
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(1) To advance the religion of Islam, by means of, but not exclusively, promoting the teachings and tenets of Islam, provision of facilities for worship and provision of facilities for Islamic education, in accordance with the teachings of the Quran and Sunnah of the Prophet Muhammad PBUH as expounded by the Sunni Muslim School of Thought;
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(2) To advance education for the benefit of the poor, the underprivileged and the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as supplementary schools, training centres and schools;
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(3) To promote racial and religious harmony for the benefit of the public by promoting knowledge and mutual understanding between different racial and faith groups, in ways that reduces conflict and creates trust, unity and peace between them.
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ZUHRI TRUST TRUSTEES ANNUAL REPORT (continued) PERIOD TO 31 MARCH 2023
ACHIEVEMENTS AND PERFORMANCE
During the year, ZUHRI TRUST has successfully delivered a programme of activities. The charity delivered the following programmes during the year:
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Youth Education Programme
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Sports and Recreational activities
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Education Workshop for adults
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Ramadhan Seminar on Spirituality
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Friday and Eid Talks on spirituality
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Topical Islamic Talks
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Islamic guidance and Counselling
The number of beneficiaries for each activity delivered varied from 30 to 90 members of the public and during the course of the period, the charity has benefitted over 300 people. The charity aims to build bridges with people of different race and faith by having dialogue and meetings which are open to all so that a true community spirit is developed.
PUBLIC BENEFIT STATEMENT
The trustees have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard of that guidance. The trustees consider that they are satisfied that the charity’s activities do benefit the public as it is furthering Islam via delivering Islamic Education activities and activities that enhance the spirituality of the members of the public.
FINANCIAL REVIEW
ZUHRI TRUST had secured funds (donations and interest-free loans) from donors for their activities. Total incoming funds (apart from loans) was £200,484 of which £168,820 were donations. Total revenue expenditure was £100,687 for the period. This resulted in a surplus of £99,797 which was added to the reserves. At the end of the period the charity had £740,329 in net assets.
The trustees have agreed a reserves policy of retaining £3,000 for the continuation of the operations in the event that income reduces significantly.
PLANS FOR FUTURE PERIODS
Future plans are to continue to run the Education programmes and Spirituality workshops. The trustees intend to secure further donations to increase the scale of their activities to target more beneficiaries and to repay loans.
GRANT MAKING
The charity did not provide any grants during the period and is not a grant giving charity.
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ZUHRI TRUST TRUSTEES ANNUAL REPORT {contlnued) PERIOD TO 31 MARCH 2023 RESPONSIBILITIES OF THE TRUSTEES The chanty's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charrties in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charrty and of the incoming resources and application of resources of the charrty for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements" prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charty will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wrth the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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. APPROVAL The report was approved by the Trustees on And signed on their behalf by Mr. Muhammad A H Rayhan Trustee
ZUHRI TRUST
STATEMENT OF FINANCIAL ACTIVITIES (SOFA) PERIOD TO 31 MARCH 2023
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Period to | Total | ||
| Funds |
Funds | 31 Mar 23 | 31 Mar 22 | ||
| Note | £ | £ | £ | £ | |
| INCOME from | |||||
| donations and legacies | 2 |
168,820 | - | 168,820 | 564,231 |
| charitable activities | |||||
| other trading activity | |||||
| Investment income | 14 | - | 14 | 20 | |
| Other income | 31,650 | 31,650 | |||
| Total | 200,484 | - | 200,484 | 564,251 | |
| EXPENDITURE | |||||
| on raising funds | 3 | 7,000 | - | 7,000 | 17,177 |
| charitable activities | 4 | 92,623 | - | 92,623 | 48,559 |
| other expenditure | 5 | 1,064 | - | 1,064 | 1,073 |
| Total | 100,687 | - | 100,687 | 66,809 | |
| Net Income before Tax | 99,797 | 99,797 | 497,442 | ||
| Tax payable | - | - | |||
| Net income after Tax | 99,797 | - | 99,797 | 497,442 | |
| Net gains/losses on assets | |||||
NET INCOME |
99,787 | -- | 99,797 | 497,442 | |
| Transfers between funds | |||||
| - | - | - | - | ||
| Net movement in funds | |||||
| - | - | - | - | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 221,411 | 419,121 | 640,532 | 143,090 | |
| Total funds carried | 321,208 | 419,121 | 740,329 | 640,532 | |
| forward |
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ZUHRI TRUST BALANCE SHEET PERIOD TO 31 MARCH 2023 Total Funds Period to 31 Mar 23 Unrestricted Restricted Funds Funds Total 31 Mar22 Note FIXED ASSETS Tangible fixed assets 6 248,566 1,058,559 1,307,125 1,279,819 CURRENT ASSETS Stock Debtors Cash in hand and bank Total 661 115,315 115,315 67,474 67,474 1,607 1,607 69,081 69,081 LIABILITIES Creditors falling due within 7 one year 3,310 3,310 Net current assets 65.771 112,005 Total assets less current liabilities 1,372,896 1,391,824 Creditors falling due after 8 one year Total Net Assets 632,567 751,292 740,329 640,532 The funds of the charity Unrestricted funds Restricted funds 321,208 419,121 221,411 419,121 Total 740,329 640,532 These accounts were approved by the Trustees on and are signed on their behalf by: -ol-ZOIfr Mr. Muhammad A H Rayhan Trustee CHARITY REGISTRATION Number: 1167854
ZUHRI TRUST
NOTES TO THE FINANCIAL STATEMENTS PERIOD TO 31 MARCH 2023
1. ACCOUNTING POLICIES
a) Basis of accounting
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The accounting policies are relevant to the size and nature of the charity's income for the period.
The charity constitutes a public benefit entity as defined by FRS 102.
b) Fund accounting
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of any of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities.
c) Incoming resources
Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
d) Resources expended
Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being an unavoidable commitment.
Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
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ZUHRI TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2023
2. INCOME FROM DONATION & LEGACIES
| Unrestricted | Restricted | Total Funds | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 167,020 | - | 167,020 | 533,602 |
| Gift Aid | 1,800 | - | 1,800 | 30,629 |
| Total | 168,820 | - | 168,820 | 564,231 |
3. EXPENDITURE - Raising Funds
A total of £7,000 was incurred in costs for raising funds during the period, primarily being costs for TV advertising.
4. EXPENDITURE - Charitable Activities
| Unrestricted | Unrestricted | Restricted | Total Funds | Total | |
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Charitable Activities | |||||
| Charitable Activities | 92,623 |
- | 92,623 | 48,559 | |
| ______ | _ | _ |
_ | ||
| TOTAL | 92,623 | - | 92,623 |
48,559 | |
| 5. EXPENDITURE – Other | Expenditure | ||||
| Unrestricted | Restricted | Total Funds | Total | ||
| Funds | Funds | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Bank Charges | 314 | - | 314 | 63 | |
| Subtotal | 314 | - | 314 | 63 | |
| Governance Costs | |||||
| Accountancy Fees | 750 | - | 750 | 1,010 | |
| _____ | ____ | _____ | ____ | ||
| TOTAL | 1,064 | - | 1,064 | 1,073 |
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ZUHRI TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2023
6. FIXED ASSETS
Tangible Fixed Assets
| Tangible Fixed Assets | |
|---|---|
| Freehold Land | |
| & Buildings | |
| Total 2023 | |
| £ | |
| As of 31/03/22 | 1,279,819 |
| Additions | 27,306 |
| ___ | |
| TOTAL as at 31/03/2023 | 1,307,125 |
7. LIABILITIES: Amounts falling due within one year
£ Trade creditors Accountancy & Examination Fees for 2020 650 Accountancy & Examination Fees for 2021 650 Accountancy & Examination Fees for 2022 260 Accountancy & Examination Fees for 2023 750 Furniture Fitting Payment – L Brickley 1,000 ===== Total 3,310
8. LIABILITIES: Amounts falling due after one year
| £ | |
|---|---|
| Trade creditors | |
| Interest free Loans | |
| As at 01/04/2022 | 751,292 |
| Additions | 231,500 |
| Repayments | 350,225 |
| ====== | |
| Closing at 31/03/2023 | 632,567 |
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ZUHRI TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued) PERIOD TO 31 MARCH 2023
9. Staff Disclosures
The charity contracted with contractors to provide tutoring services. The total cost of the contractors for the period was £15,216.
No staff are employed on an employment contract basis. Total number of staff employed during the period is 0 and thus no staff member was paid more than £60,000 during the period.
10. CONNECTED PARTY TRANSACTIONS
During the period, trustee M A H Rayhan was paid expenses of £270 as re-imbursement for office items purchased for use by the charity. Also, a connected person to trustee M A H Rayhan was paid remuneration under a service contract totalling £8,603 during the year.
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