QUBA - E - SIDDQUE FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Number 1170286
QUBA - E - SIDDQUE FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| CONTENTS | PAGE |
|---|---|
| Members of the Board and professional advisers | 1 |
| Trustees Annual Report | 2 to 3 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 to 11 |
QUBA - E - SIDDQUE FOUNDATION
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity name QUBA - E - SIDDQUE FOUNDATION Charity number 1170286 Address 482 Warwick Road Tyseley Birmingham Worcestershire B11 2HP Accountants Sterling Solution Ltd 37 York Road Ilford Essex IG1 3AD
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QUBA - E - SIDDQUE FOUNDATION
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name: Quba-e-Siddque Foundation Charity registration number: 1170286
Principal office:
The trustees who served the charity during the period were as follows:
• Mr Waqas Ahmed • Mr Idris Hanif • Mrs Zohra J Nasir
Objectives and activities
To advance the Islamic faith for the benefit of the public in accordance with the teaching of the Holy Quran and the Prophet Muhammad (PBUH) in particular but not exclusively through holding of prayer meetings, lectures, public celebration of religious festivals and producing and / or distributing literature on the Islamic faith to enlighten others about the faith.
Financial review
The trustees are pleased to report that the net increase in funds for the year was £9,922 (2023 - £4,286) taking the accumulated funds to £ 76,152 (2023 - £ 66,229 ).
The charity has given a loan of £68,536 (2023 £62,989 ) to charity Quba-e-Siddique, Silsila-e-Naqshbandia ( charity registration number 1155908). This is showed as other debtors in the balance sheet. Mr. Idris and Mr. Waqas Ahmed are also trustee of the other charity. Funds has been given to charity in order to pay it regular morgage instalment.
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QUBA - E - SIDDQUE FOUNDATION
TRUSTEES ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The charity has struggle during pandemic and lost lot of revenue in terms of donation. Charity aims to appeal in general to collect funds in terms of maintaining idaraa's expenses.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing documents, a deed of trust, and constitutes an unincorporated charity.
STATEMENT OF TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards ( United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities ( Accounts and Reports ) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preventon and detection of fraud and other irregularities.
The trustees' annual report was approved on 2 5 / 0 6 / 2025 and signed by the board of trustees by:
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QUBA - E - SIDDQUE FOUNDATION
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF QUBA-E-SIDDQUE FOUNDATION
FOR THE YEAR ENDED 31 MARCH 2024
Opinion
I report to the trustees on my examination of the financial statements of Quba-e-Siddque Foundation for the year ended 31 March 2024 which comprise the Statement of Financial Activites, the Balance Sheet and the related notes.
esponsibilities and basis for report
As the charity’s trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that and independent examination is needed.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all 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 can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act: or
-
the financial statements do not accord with those records: or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the
-
• Charities ( Accounts and Reports ) Regulation 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Sterling Solution Ltd
37 York Road Ilford Essex United Kingdom
IG1 3AD
Date: 25/06/2025
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QUBA - E - SIDDQUE FOUNDATION
STATEMENT OF FINANCIAL ACITIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Investment Income Total Incoming Resources Donations Given Administrative Expenses 6 Rates, Insurance & Other property related expenses Telephone, Postage and Other office expenses Bank Charges Audit, Accountancy & Legal and Professional Fees Depreciation Gain / (Losses) on fair value of fixed assets Net movement of fund Reconciliation of funds: Total funds brought forward 14 Total funds as at 31 March 2023 Incoming Resources Incoming resources from generating funds: Voluntary Income 2 3 Resources Expended Costs of generating funds: Direct Costs 4 5 |
31/03/2024 | ||
|---|---|---|---|
| Unrestricted Funds £ 28,280 9,922 6,668 113 700 916 18,358 - 9,922 . 18,600 9,680 - - 66,229 . 76,152 |
Restricted Funds £ - - - - - - - - - - - - - - . - |
The notes on pages 7 to 11 from part of these financial statements. Page 5
QUBA - E - SIDDQUE FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
| 31/03/2024 | 31/03/2024 | 31/03/2023 | 31/03/2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |||||||
| Note | |||||||||||
| Fixed Assets - Tangible Assets | 7 | ||||||||||
| Fixtures & Fittings | 8,241 | 9,157 | |||||||||
| - | - | ||||||||||
| 8,241 | 9,157 | ||||||||||
| Current Assets | |||||||||||
| Stock | 8 | - | - | ||||||||
| Debtors | 9 | 68,536 | 62,989 | ||||||||
| Cash in Hand & Bank Balance | 10 | 583 | 665 | ||||||||
| 69,119 | 63,654 | ||||||||||
| Creditors: Amounts Falling | |||||||||||
| Due Within One Year | 11 | (1,208) | (6,581) | ||||||||
| Net Current Assets | 67,911 | 57,073 | |||||||||
| 76,152 | 66,229 | ||||||||||
| Creditors: Amounts Falling Due | |||||||||||
| After More Than One Year | |||||||||||
| Other Long Term Loans | 12 | - | - | ||||||||
| Net Assets | 76,152 | 66,229 | |||||||||
| Capital Account | |||||||||||
| Unrestricted Income Funds | 13 | 76,152 | 76,152 | 66,229 | 66,229 |
These financial statements were approved & signed by the board of trustees and authorised for issue on the 25 / 06 / 2025
The notes on pages 7 to 11 from part of these financial statements. Page 6
QUBA - E - SIDDQUE FOUNDATION
NOTES TO THE FIANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 482 warwick road tyseley birmingham worcestershire B11 2HP
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to
1. Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
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• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in
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• undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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QUBA - E - SIDDQUE FOUNDATION
NOTES TO THE FIANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tangible assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation unless otherwise stated below. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
| Fixtures and fittings 2.Voluntary Income 3. Investment Income Rental Income From Properties 4. Direct Costs Madrassa Education, Books & Exibitions Donations and legacies City council compensation |
10% reducing balance Unrestricted Funds £ 18,600 - |
10% reducing balance Unrestricted Funds £ 18,600 - |
Restricted Funds £ |
Total Funds 2024 £ 18,600 - |
Total Funds 2023 £ 10,647 - |
|---|---|---|---|---|---|
| 18,600 Unrestricted Funds £ |
- Restricted Funds £ |
18,600 Total Funds 2024 £ |
10,647 Total Funds 2023 £ |
||
| Unrestricted Funds £ 9,680 - . - |
Restricted Funds £ - - . - |
Total Funds 2024 £ 9,680 - . - |
Total Funds 2023 £ 7,350 - . - |
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QUBA - E - SIDDQUE FOUNDATION
NOTES TO THE FIANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
| Rates Power light & heat Property Insurance Cleaning Water Rates Repairs & Maintenance 2,214 - 2,214 3,515 - 3,515 1,250 - 1,250 1,532 - 1,532 232 - 232 1,180 - 1,180 Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 5.Donations Given Donations Given To Other Organisations & Charites 6.Administrative Expenses i)Staff Costs & Emoluments Wages & Salaries (Gross) Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2024 Number of staff No employee received remuneration of more than £60,000 during the year (2023 - Nil). There were no trustees' remuneration or other benefits for the year ended 31 March 2024. ii)Motor Running & Travelling iii) Rates, Insurance & Other property Related Expenses 9,922 - 9,922 6,668 - 6,668 v) Bank Charges . . . - - - - - - 0 - - - iv) Telephone, Postage and Other Office Expenses 113 - 113 |
Unrestricted Funds £ . - |
Unrestricted Funds £ . - |
Restricted Funds £ . - |
Total Funds 2024 £ . - |
Total Funds 2023 £ . - |
Total Funds 2023 £ . - |
|
|---|---|---|---|---|---|---|---|
| - | |||||||
| 2023 0 |
- | ||||||
| 2,214 3,515 1,250 1,532 232 1,180 9,922 - |
- - - - - - - - |
2,214 3,515 1,250 1,532 232 1,180 9,922 - |
1,015 5,969 2,050 680 928 - 10,642 - |
||||
| 6,668 | - |
6,668 | 824 | ||||
| 113 | **- ** |
113 |
227 |
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QUBA - E - SIDDQUE FOUNDATION
NOTES TO THE FIANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
7. Tangible Fixed Assets
| Cost of Fixed Assets As at 01 April 2023 Additions Transferred to Investment Properties Gain / Losses on fair value of fixed assets As at 31 March 2024 Depreciation As at 01 April 2023 Charge for the year As at 31 March 2024 Net Book Value As at 31 March 2024 As at 31 March 2023 |
- - 19,283 - - 19,283 - - - - - - - - - - - - - - - - - - Freehold Land & Buildings Computer Equipment Fixtures & Fittings Plant & Machinery Motor Vehicle Total £ £ £ £ £ £ |
|---|---|
| - - 19,283 - - 19,283 |
|
| - - 10,127 - - 10,127 - - 916 - - 916 |
|
| - - 11,042 - - 11,042 |
|
| - - 8,241 - - 8,241 |
|
| - - 9,157 - - 9,157 |
8. Stock
Stock comprises of funeral boxes and other funeral related items and is valued at the lower of cost and the net realisable value.
| 9.Debtors | 2024 | 2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | |||
| QES Silsila E Naqshbandia - Loan | 68,536 | 62,989 | ||
| Rent Receivable | - | - | ||
| - | - | |||
| 68,536 | 62,989 |
9. Debtors
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QUBA - E - SIDDQUE FOUNDATION
NOTES TO THE FIANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
| Barclays Bank Cash in Hand Accruals Other creditors 12. Creditors: Amounts Falling Due After More Than One Year 10.Cash in Hand and at Bank 11.Creditors Committee Committee is an interest free long term loan with no fixed terms of repayment. |
583 - 583 700 508 2024 £ 2024 £ |
665 - 665 1,000 5,581 2023 £ 2023 £ |
|
|---|---|---|---|
| 2024 £ 1,208 |
2023 £ 6,581 |
||
| - | - |
13. Unrestricted Income Funds
| Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Balance at Incoming 01-Apr-23 resources General Funds 14.Analysis of Net Assets Between Funds 66,229 **9,922 ** |
8,241 69,119 (1,208) - Revaluation of Land & Buildings Unrestricted Funds 76,152 - |
8,241 69,119 (1,208) - Prior year adjustments Total Funds 2024 £ 76,152 - |
9,157 63,654 (6,581) - Balance at 31-Mar-24 Total Funds 2023 £ 66,229 76,152 |
|---|---|---|---|
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