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2021-12-31-accounts

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Trustees' Report and Unaudited Accounts

31 December 2021

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Contents

Pages
Trustees'AnnualReport 2
IndependentExaminer'sReport 5
Statement of FinancialActivities 6
SummaryIncomeandExpenditure Account 7
BalanceSheet 8
Notesto the Accounts 9
DetailedStatement of FinancialActivities 15

Page 1

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1171449

Registered Office

26 Oakwood Road

Sparkhill

Birmingham B11 4HA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law.

The following Directors and Trustees served during the year:

M.H. Ahmed

M. Akhlaq

A. Hafiz

M. Mahmood

I. Muhammad

M. Naveed

Accountants

Pro Accountancy Ltd 152a Dunstable Road

Luton

Bedfordshire

LU1 1EW

OBJECTIVES AND ACTIVITIES

Our objectives are set to reflect our faith and community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public

guidance on the advancement of religion for the public benefit.

Our dual aims remain to provide a facility where Muslims can worship and to provide a community facility for all the inhabitants of Birmingham. Our long-term ambition is - ' to build the self confidence of Birmingham s Muslims in their faith, and through our community facilities and activities help make our area a peaceful, vibrant and harmonious community.

Page 2

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Trustees Annual Report

Objects

in accordance with Qur'an and Sunnah.

and practices of Islam including Sufism.

forms of useful knowledge.

welfare with the object of improving the conditions of life for those persons

in need of such facilities and activities.

Activities

The charity provides a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities to provide benefit both to those who worship at our Mosque and the wider community of Birmingham.

ACHIEVEMENTS AND PERFORMANCE

The main achievements of the Charity during this year were to continue successfully with its main activities in the furtherance of its objectives.

The Charity once again managed to raise a good amount of money.

As usual the Charity received a good amount of donations.

FINANCIAL REVIEW

The Charity had a good year in terms of donations collected from members and the community.

The Charity has regular donors plus a few single donations. It is envisaged that this regular funding will continue for the foreseeable future.

PLANS FOR FUTURE PERIODS

The Charity hopes to raise more funds to furtherance of its objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

DARUL QURRA AND ISLAMIC RESEARCH CENTRE is a registered charity governed by CIO - FOUNDATION REGISTERED 03 FEB 2017

Page 3

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Trustees Annual Report

Organisational Structure

The charity trustees are responsible for the general control and management of the

charity. The trustees give their time freely and receive no remuneration or other financial benefits.

Appointment of new trustees

The Board of Trustees consists of local people that collectively have the skills,

expertise and experience to ensure that the Charity is managed effectively.

Where a vacancy arises a new trustee is appointed only by the passing of a resolution of the Board of Trustees.

Statement of Trustee's responsibilities

The trustees are responsible for preparing die Trustees' Annual Report and the

financial statements in accordance with applicable law and United Kingdom

Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. 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.

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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

M. Akhlaq Trustee 31 December 2021

Page 4

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Independent Examiners Report

Independent Examiner's Report to the trustees of DARUL QURRA AND ISLAMIC RESEARCH CENTRE

I report to the charity trustees on my examination of the financial statements of DARUL QURRA AND ISLAMIC RESEARCH CENTRE for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ' ( the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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:

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.

Pro Accountancy Ltd 152a Dunstable Road Luton Bedfordshire

LU1 1EW

31 December 2021

Page 5

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Statement of Financial Activities

for the year ended 31 December 2021

for the year ended 31 December 2021
Notes
Income and endowments
from:
Donationsandlegacies
3
Total
Expenditure on:
Raisingfunds
4
Charitableactivities
5
Other
6
Total
Netgainsoninvestments
Net expenditure
Transfersbetweenfunds
Net expenditure before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2021
£
65,490		 Totalfunds
2021
£
65,490		 Totalfunds
2020
£
79,126
65,490
331
12,503
60,307		 65,490
331
12,503
60,307		 79,126
-
-
80,972
73,141
-		 73,141
-		 80,972
-
(7,651)
-		 (7,651)
-		 (1,846)
-
(7,651) (7,651) (1,846)
(7,651)
11,793		 (7,651)
11,793		 (1,846)
13,640
4,142 4,142 11,794

Page 6

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Summary Income and Expenditure Account

for the year ended 31 December 2021

Income
Gross incomefor the year
Expenditure
Totalexpenditurefor the year
Net expenditure before taxfor the year
Net expenditurefor the year		 2021
£
65,490
65,490
73,141
73,141
(7,651)
(7,651)		 2020
£
79,126
79,126
80,973
80,973
(1,846)
(1,846)

Page 7

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Balance Sheet

at 31 December 2021

at 31 December 2021
Company No.
Notes
2021
£
Current assets
Cashat bankandin hand
4,142
4,142
Creditors: Amountfallingdue within one year
8
-
Netcurrent assets
4,142
Totalassets lesscurrentliabilities
4,142
Net assetsexcludingpension asset orliability
4,142
Totalnet assets
4,142
Thefundsofthecharity
Restrictedfunds
9
Unrestrictedfunds
9
Generalfunds
(61,348)
Designatedfunds
65,490
4,142
Reserves
9
Totalfunds
4,142		 2020
£
11,793
11,793
(1,110)
10,683
10,683
10,683
10,683
11,793
-
11,793
11,793

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 December 2021

And signed on its behalf by:

M. Akhlaq

Trustee

31 December 2021

Page 8

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Notes to the Accounts

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.

assets

Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Notes to the Accounts

3
Incomefrom donationsandlegacies
4
Expenditure on raising funds
Costsofgenerating voluntary
income
5
Expenditure oncharitable activities
Expenditureoncharitable
activities
Governancecosts
6
Other expenditure
Employeecosts
Premises costs
Legaland professionalcosts
7
Staffcosts
Salariesand wages		 Unrestricted
£
522
64,968
65,490
Unrestricted
£
331
331
Unrestricted
£
12,503
12,503
Unrestricted
£
10,930
48,877
500
60,307
2021
10,930
10,930		 Total
2021
£
522
64,968
65,490
Total
2021
£
331
331
Total
2021
£
12,503
12,503
Total
2021
£
10,930
48,877
500
60,307		 Total
2020
£
79,126
-
79,126
Total
2020
£
-
-
Total
2020
£
-
-
Total
2020
£
7,400
72,798
774
80,972
2020
7,400
7,400

No employee received emoluments in excess of £60,000.

Page 12

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Notes to the Accounts

8 Creditors:

amounts falling due within one year

8
Creditors:
amountsfallingdue within one year
Bankloansand overdrafts
9
Movementinfunds
At 1January
2021
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
11,793
Designatedfunds:
Cash
-
Bank
-
Total
-
Totalfunds
11,793
Purposesand restrictionsin relation to thefunds:
Designatedfunds:
Cash
Cash donations
Bank
Bankdonations
10 Analysisofnet assetsbetweenfunds
Netcurrentassets
11 Reconciliation ofnet debt
Cashandcash equivalents
Bankoverdrafts
Net debt		 2021
£
-
-
Incoming
resources
(including
other
gains/losses
)
£
-
522
64,968
65,490
65,490		 Resources
expended
£
(73,141)
-
-
-
(73,141)		 2020
£
1,110
1,110
At 31
December
2021
£
(61,348)
522
64,968
65,490
4,142
At 1January
2021
£		 Unrestricted
funds
£
4,142
4,142
Cashflows
£		 Total
£
4,142
4,142
At 31
December
2021
£
11,793 (7,651) 4,142
(1,110) 1,110 -
10,683
10,683		 (6,541)
(6,541)		 4,142
4,142

Page 13

DARUL QURRA AND ISLAMIC RESEARCH CENTRE

Notes to the Accounts

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Detailed Statement of Financial Activities

for the year ended 31 December 2021

for the year ended 31 December 2021
Income and endowmentsfrom:
Donationsandlegacies
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
Totalofexpenditure on raising
funds
Charitableactivities
Totalofexpenditure oncharitable
activities
Employeecosts
Salaries/wages
Premises costs
Light,heatand power
Premisesrepairsand
maintenance
Legaland professionalcosts
Accountancyand bookkeeping
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Net expenditure
Net expenditure before other
gains/(losses)
Other Gains		 Unrestricted
funds
2021
£
522
64,968
65,490
65,490
331
331
331
12,503
12,503
12,503
10,930
10,930
522
48,355
48,877
500
500
60,307
73,141
-
(7,651)
(7,651)
-		 Totalfunds
2021
£
522
64,968
65,490
65,490
331
331
331
12,503
12,503
12,503
10,930
10,930
522
48,355
48,877
500
500
60,307
73,141
-
(7,651)
(7,651)
-		 Totalfunds
2020
£
79,126
-
79,126
79,126
-
-
-
-
-
-
7,400
7,400
798
72,000
72,798
774
774
80,972
80,972
-
(1,846)
(1,846)
-

Page 15

DARUL QURRA AND ISLAMIC RESEARCH CENTRE Detailed Statement of Financial Activities

Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 (7,651)
11,793
4,142		 (7,651)
11,793
4,142		 (1,846)
13,640
11,794

Page 16