**COMPANY REGISTRATION NUMBER:  08502582 CHARITY REGISTRATION NUMBER:     1175018** 

## **THE TALEEM UL QURAN TRUST** 

## **COMPANY LIMITED BY GURANTEE** 

**Unaudited Financial statements for the year ended 30 April 2022** 



## **THE TALEEM UL QURAN TRUST for the year ended 30 April 2022** 

|**THE TALEEM UL QURAN TRUST**<br>**for the year ended 30 April 2022**||
|---|---|
||Page|
|Trustees' annual report (incorporating the director's report)|4-5|
|Independent examiner's report to the trustees|6-7|
|Statement of fnancial activities (including income and|8|
|expenditure account)||
|Statement of fnancial position|9|
|Notes to the fnancial statements|10-|
||13|



2 



# **THE TALEEM UL QURAN TRUST Trustees’ Annual Report (Incorporating the Director’s Report) for the year ended 30 April 2022** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2022. 

## **Reference and administrative details:** 

**Registered charity name THE TALEEM UL QURAN TRUST** 

|**Charity registration**|**1175018**|
|---|---|
|**number**||
|**Company registration**|**08502582**|
|**number**||



|**Registered address**|**51 Princess Street**|
|---|---|
||**Coventry**|
||**West Midlands**|
||**CV6 5BW**|
|**The trustees**|Jabar Ahmed Khan, Chair|
||Ali Asghar|
||Ashfaq Hussain|
|**Independent Examiner**|**Saleh Chowdhury (FCCA) BA**|
||**Hons**|



## **Structure, governance and management** 

The organisation is a charitable company limited by guarantee, incorporated on 24 April 2013 and registered as a charity on 6 October 2017.  The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. 

Overall management of the company is the responsibility of the directors who are elected and co-opted under the terms of the memorandum of 

3 



articles and association. Day to day project activity is managed and carried out by volunteers and paid staff. 

## **THE TALEEM UL QURAN TRUST Trustees’ Annual Report (Incorporating the Director’s Report) for the year ended 30 April 2022** 

## **Aims and objectives** 

The principal objects of the company are: 

1. To advance the Islamic religion for the benefit of the public in accordance with the tenets and doctrines of the Ahlus Sunnah Wa Jamaat. 

2. To advance the education of the public in the subject of Islam in accordance with the tenets and doctrines of the Ahlus Sunnah Wa Jamaat. 

3. The prevention of relief of poverty anywhere in the world by providing: grants items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. 

## **Activities The principal activities of the company include** : 

The charity is meeting it's objectives by undertaking the following activities: - 

- a) Providing Islamic education to local Muslim children and adult men and women.  From our research, this has been identified as a key requirement for the local Muslim community, 

- b) Providing space for the users to undertake daily congregation prayers 

- c) Partnering with local Muslim organisations to educate local community about Islam and Muslims to promote peace and harmony, 

- d) Providing a place for recreation, training, Islamic education, socialising and networking. 

The charity promotes and teaches consideration for others, compassion, tolerance and co-existence are all Islamic virtues. We advise people that they are duty bound to contribute to the common good, in a spirit of co-operation with their fellow human beings. 

## **Summary of the main achievements during the period** 

- This past year we have had to put a hold on growing the number of children we can teach to circa.40. This is due to building capacity restrictions which can only be addressed by the purchase of another property 

4 



- Our charitable activities this year have refocused in helping the vulnerable and those facing extreme poverty and severe health issues on the international. 

- We continue to collaborate and support other UK Registered charities who were able to deliver directly to those in need locally and 


## **THE TALEEM UL QURAN TRUST Trustees’ Annual Report (Incorporating the Director’s Report) for the year ended 30 April 2022** 

## **Risk Management** 

The directors are responsible for the overseeing of the risks faced by the Company. Detailed considerations of risk are delegated to the Directors of the Company. Risks are identified, assessed 

and controls established throughout the year. 

It is recognised that systems can only provide reasonable but not absolute assurance that major risks 

have been adequately managed but is reasonable in relation to the current size of the company. 

Appropriate Disclosure and Barring Service checks (DBS) checks, supported by regular reviews are made of all staff and volunteers who work with children.  Also, the Directors keep under the review the finances of the company. 

## **Financial review** 

The charity generated a surplus for the year and remains in a healthy financial position with good liquidity. 

Principal funding sources 

The principal funding sources for the charity are the individual donations. 

## Reserves policy 

The Board of Management has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be sufficient to sustain6 to 9 months of committed overhead. 

## **Small company provisions** 

5 



This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption. 

The trustees' annual report was approved on 28 January 2022 and signed on behalf of the board of trustees by: 

Signed _____________________________________________   Date __________ Trustee and Director 

6 



## **THE TALEEM UL QURAN TRUST Independent Examiner’s Report to the Trustees of The Taleem Ul Quran Trust** 

## **for the year ended 30 April 2022** 

I report on the financial statements for the year ended 30 April 2022, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes. 

## **Respective responsibilities of trustees and examiner:** 

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

 examine the accounts under section 145 of the 2011 Act; 

 to follow the procedures laid down in the general Directions given by the Charity 

Commission under section 145(5)(b) of the 2011 Act; and 

 to state whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement. 

7 



## **THE TALEEM UL QURAN TRUST Independent Examiner’s Report to the Trustees of The Taleem Ul Quran Trust** 

## **for the year ended 30 April 2022** 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: 

 to keep accounting records in accordance with section 386 of the Companies Act 2006, and 

 to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or 

   to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Signed Date  28  January 2023 


Saleh Chowdhury FCCA 

8 



## **THE TALEEM UL QURAN TRUST Statement of Financial Activities for the year ended 30 April 2022** 

||**_2022_**|**_2021_**|
|---|---|---|
|**Note**|**£**|**£**|
||**Unrestrict**<br>**ed**|**Unrestrict**<br>**ed**|
|**Incom**<br>**e**|**Funds**|**Funds**|
|Charitable<br>activities|30,513|22,858|
|Other Income|-|1,372|
|**Total income**|**26,123**|**24,231**|
||||
|**Expenditure**|||
|Expenditure on charitable<br>activities<br>**5**|29,675|25,181|
|**Total expenditure**|**29,676**|**25,181**|
||||
|**Net income/(expenditure)**|**838**|**(950)**|
|Total funds brought forward|117,760|118,710|
|**Total funds carried forward**|**118,598**|**117,760**|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

9 



## **THE TALEEM UL QURAN TRUST Statement of Financial Position at 30 April 2022** 

|||**_2022_**||**_2021_**|
|---|---|---|---|---|
|**Note**|**£**|**£**|**£**|**£**|
||||||
|**Fixed**<br>**Assets**|||||
|Tangible<br>Asset<br>**4**||90,278||89,624|
||||||
|**Current**<br>**assets**|||||
|Cash at bank and in<br>hand|28,32<br>0||28,13<br>6||
|Total current assets|28,32<br>0||28,13<br>6||
||||||
||||||
|**Net current assets**||28,320||28,136|
||||||
|**Net assets**||**118,5**<br>**98**||**117,7**<br>**60**|
||||||
|**The funds of the charity**||118,59<br>8||117,76<br>0|
|**Unrestricted income funds**||**118,5**<br>**98**||**117,7**<br>**60**|



_For the year ending 30 April 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies._ 

_Trustees responsibilities:_ 

10 



_ The members have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476;_ 

_ The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements._ 

_These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime._ 

_These financial statements were approved by the board of trustees and authorised for issue on 28 January 2022, and are signed on behalf of the board by:_ 

**Signed ___________________________________ Dated ___________** 

Trustee and Director, 

11 



## **THE TALEEM UL QURAN TRUST Notes to the accounts for the year ended 30 April 2022** 

## **1. Accounting policies** 

## **Basis of the preparation of the accounts** 

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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **Going concern** 

There  are  no  material  uncertainties  about  the  charity's  ability  to continue. 

## **Fund accounting** 

Fund accounting is applied to any restricted income that is received in the year. The restricted income is allocated to specific expenditure as per terms of the donor. 

Unrestricted funds has no specific requirements of how the incoming resources is to be spent. The income is used on charitable activities, the costs to generate future funds and day to day support costs. 

## **Incoming resources** 

All  incoming  resources  are  included  in  the  statement  of  financial activities when the charity is entitled to the income and the amount can  be  quantified  with  reasonable  accuracy.  The  following  specific policies are applied to particular categories of income: 

Incoming resources from charitable activities is received in respect of donation from the public 

Other income is from the income generated from the solar panel. 

## **Resources expended** 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

12 



## **THE TALEEM UL QURAN TRUST Notes to the accounts (continued) for the year ended 30 April 2022** 

Costs  of  generating  funds  comprise  the  costs  of  dealing  with  the administration of individual and corporate membership subscriptions. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries through the Annual Conference and study days. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## **Fixed Asset & Depreciation** 

Tangible fixed assets are stated at cost less accumulated depreciation. No depreciation is provided in the first year of addition. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: 

Property improvement - Straight line over 50 years 

## **Judgements in applying accounting policies and key sources of estimation uncertainty** 

In the application of the charity’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily available from other sources.  The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.  Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 

During the year, there were no judgements in applying the accounting policies  and key sources of estimation uncertainty which materially affected the financial statements. 

## **Taxation** 

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

13 



## **THE TALEEM UL QURAN TRUST Notes to the accounts (continued) for the year ended 30 April 2022** 

## **Limited by guarantee** 

The Taleem Ul Quran Trust is a company limited by guarantee and accordingly does not have a share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

## **2. Directors’ remuneration, benefits and expenses** 

Directors received no (expenses,) remuneration or benefits in this period. 

## **3. Independent examination and accountancy services** 

During the period, the cost of the examination and accountancy services was Nil. 

## **4. Fixed Assets** 

|**Cost**<br>1st April 2021<br>Additions<br>**Depreciation**<br>1st April 2021<br>Charge For Year<br>**Net Book Value at 30th April**<br>**2021**<br>**Net Book Value at 30th April**<br>**2022**|**Property**<br>**Improveme**<br>**nts**<br>**£**<br>97,302<br>2,600|
|---|---|
||99,902|
||7,678<br>1,946|
||9,624|
||**89,624**|
||**90,278**|



## **5. Cost of Charitable Activities** 

||**_2022_**|**_2021_**|
|---|---|---|
||**£**|**£**|
|Wages|21,810|16,427|
|Utilities|844|976|
|Rates|1,366|3,600|
|Broadband|288|300|
|Professional Fees &||367|
|Subs|684||



14 



|Repairs & Other|2,737<br>1,565|
|---|---|
|Depreciation<br>Charitable Donations|1,946<br>1,946|
||-<br>-|
||29,675<br>25,181|



## **THE TALEEM UL QURAN TRUST Notes to the accounts (continued) for the year ended 30 April 2022** 

## **6. Movement in Funds** 

||||**Balance**|
|---|---|---|---|
||**Incoming**|**Outgoing**|**at 30th**|
||**Resources**|**Resources**|**April 2022**|
|Unrestricted funds|30,513|29,675|838|



## **7. Analysis of net assets funds** 

|||**Total**|
|---|---|---|
||**Unrestrict**|**funds 30th**|
||**ed Funds**|**April 2022**|
|Net current|||
|assets|118,598|118,598|



15