**REGISTERED CHARITY NUMBER: 1169490** ## **QUBA INITIATIVE** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ **QUBA INITIATIVE** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Statement of Financial Position**|5| |**Notes to the Financial Statements**|6 to 9| **QUBA INITIATIVE** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022** |**Trustees**|Nidah Tahir| |---|---| ||Aishah Choudhri| ||Usmaan Ali Mahmood| |**Principal address**|213 Errwood Road| ||Manchester| ||M19 1JB| |**Registered charity number**|1169490| |**Independent examiner**|Riley Moss 2018 Limited| ||Riley House| ||183-185 North Road| ||Preston| ||Lancashire| ||PR1 1YQ| Page 1 **QUBA INITIATIVE** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** ## **Objectives and aims** The charity aims to provide relief to poverty and promote Islamic learning and spirituality in Manchester and surrounding areas. These aims are delivered by the provision of essential food items to families in need, the organisation of courses, lectures and conferences on Islamic sacred knowledge and the holding gatherings of prayers and remembrance of God and Prophet Muhammad (peace and blessings be upon him). ## **Achievement and performance** During the year, Quba Initiative focused its efforts on delivering Islamic classes, courses, and gatherings on a monthly and weekly basis. This included but was not limited to: - The Book of Assistance - Monthly spirituality class delivered in a physical gathering as well as broadcast live online - The Essentials of Islamic Belief - A monthly course covering the fundamentals of the Islamic creed - Nawawi's 40 Hadith - A monthly study of the famous collection of hadith - Manchester Monthly Mawlid - A monthly spiritual gathering of praise and remembrance for the whole community, delivered in person and broadcast live online. - Weekly Mawlid - A small scale, informal weekly spiritual gathering of praise and remembrance. Other activities held during the year in service to the local community included: - Virtues Tour - Annual UK Tour celebrating the life of the Prophet Muhammad (peace and blessings be upon him). The tour was hosted in Manchester in October 2022 with more than 800 attendees. - Faith in the Age of the Faithless - We hosted Habib Kazim for a one-off talk open to the whole of the Manchester community - Preparing for Ramadan - A specific talk about the month of Ramadan and how best to prepare for it. - Prophetic Prayers - A journey through al-Wird al-Latif of Imam al-Haddad - Palestinian Dates - Distribution of high quality Palestinian Medjoul dates before the month of Ramadan ## **Financial review** ## **Reserves policy** The financial position is regularly reviewed by the trustees to ensure effective financial governance. This includes monitoring of the cash and bank balances by the trustees.The trustees are confident the organisation will continue to be able to meet with its obligations as they fall due. ## **Structure, governance and management Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on 16 October 2023 and signed on its behalf by: Usmaan Ali Mahmood - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUBA INITIATIVE** ## **Independent examiner's report to the trustees of Quba Initiative** I report to the charity trustees on my examination of the accounts of Quba Initiative (the Trust) for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation 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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Farook Patel FCA Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ 26 October 2023 Page 3 ## **QUBA INITIATIVE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 2 38,049 27,967
Expenditure on
Charitable activities 3
Charitable activities 46,413 25,936
Other 116 116
Total 46,529 26,052
NET INCOME/(EXPENDITURE) (8,480) 1,915
Reconciliation of funds
Total funds brought forward 26,302 24,387
Total funds carried forward 17,822 26,302
**----- End of picture text -----**
The notes form part of these financial statements Page 4 ## **QUBA INITIATIVE** ## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022** **----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Tangible assets 7 116 232
Current assets
Cash at bank 18,270 26,634
Creditors
Amounts falling due within one year 8 (564) (564)
Net current assets 17,706 26,070
Total assets less current liabilities 17,822 26,302
NET ASSETS 17,822 26,302
Funds 9
Unrestricted funds 17,822 26,302
Total funds 17,822 26,302
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 16 October 2023 and were signed on its behalf by: Usmaan Ali Mahmood - Trustee The notes form part of these financial statements Page 5 **QUBA INITIATIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. Accounting policies** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% per annum straight line basis ## **Taxation** The charity is exempt from tax on its charitable activities. ## **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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. Donations and legacies** **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |£|£| |Donations|38,049|27,967| **----- End of picture text -----**
Page 6 continued... **QUBA INITIATIVE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **3. Charitable activities costs** |**Support**
**Direct**
**costs (see**
**Costs**
**note 4)**
**£**
**£**
Charitable activities
43,564
2,849
**4.**
**Support costs**
**Governance**
**Management**
**costs**
**£**
**£**
Charitable activities
2,255
594|**Totals**
**£**
46,413
**Totals**
**£**
2,849| |---|---| ## **5. Trustees' remuneration and benefits** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** During the period, the charity reimbursed expenses to Trustees amounting to £NIL (2021: £637). ## **6. Staff costs** There were no staff costs for the year ended 31 December 2022 nor for the year ended 31 December 2021. No employees received emoluments in excess of £60,000. ## **7. Tangible fixed assets** |**Tangible fixed assets**|| |---|---| |**Cost**
At 1 January 2022 and
31 December 2022|**Plant and**
**machinery**
**£**
464| |**Depreciation**
At 1 January 2022
Charge for year|232
116| |At 31 December 2022|348| |**Net book value**
At 31 December 2022|116| |At 31 December 2021|232| Page 7 continued... **QUBA INITIATIVE** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **8. Creditors: amounts falling due within one year** |**8.**
**Creditors: amounts falling due within one year**||| |---|---|---| |Other creditors||**2022**
**2021**
**£**
**£**
564
564| |**9.**
**Movement in funds**
**Unrestricted funds**
General fund|**At 1.1.22**
**£**
26,302|**Net**
**movement**
**At**
**in funds**
**31.12.22**
**£**
**£**
(8,480)
17,822| |**TOTAL FUNDS**|26,302|(8,480)
17,822| |Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund|
**Incoming**
**resources**
**£**
38,049|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(46,529)
(8,480)| |**TOTAL FUNDS**|38,049|(46,529)
(8,480)| |**Comparatives for movement in funds**
**Unrestricted funds**
General fund|**At 1.1.21**
**£**
24,387|**Net**
**movement**
**At**
**in funds**
**31.12.21**
**£**
**£**
1,915
26,302| |**TOTAL FUNDS**|24,387|1,915
26,302| |Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
27,967||**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(26,052)
1,915| |**TOTAL FUNDS**|27,967|(26,052)
1,915| Page 8 continued... **QUBA INITIATIVE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **10. Related party disclosures** There were no related party transactions for the year ended 31 December 2022. Page 9